Canstar Outlines 2021 Exploration Plans for the Golden Baie Project in Newfoundland
Highlights: – $1.5 million exploration program includes diamond drilling, trenching, and regional exploration on the Golden Baie Project, a large claim package in southern Newfoundland that is highly prospective for orogenic gold mineralization. – Drilling is expected to commence by early June and will focus on the Kendell Prospect and the Blow Out Prospect, building on the field work from 2020. – The Kendell … (TheNewswire) Highlights: – $1.5 million exploration program includes diamond drilling, trenching, and regional exploration on the Golden Baie Project, a large claim package in southern Newfoundland that is highly prospective for orogenic gold mineralization.
Altius Provides 2020 Year-End Project Generation Update
Altius Provides 2020 Year-End Project Generation Update
Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (Altius or the Corporation) is pleased to update its Project Generation (PG) business activities and its public junior equities portfolio. The market value of the junior equities portfolio at December 31, 2020 was $52.2 million, compared to $45.5 million at September 30, 2020 and $54.1 million at December 31, 2019. These amounts do not include net positive cash generation from sales of $6.7 million for the year ($5.2 million in Q4 2020) or the value of warrants or property based milestone share payments yet to be received. An updated list of the public equity holdings has been posted to the Altius website at
Generation, Hemosternix, Organic Garage at 52-week highs on News Generation Mining Limited (T.GENM) hit a new 52-week high of 82 cents on Thursday. Generation Mining has closed its previously announced non-brokered private placement through the issuance of 4,292,367 common shares of the Company issued on a flow-through basis at a price of C$0.77 per FT Share for gross proceeds of $3,305,122.59. Eric Sprott purchased 2,000,000 FT Shares of the Offering.
Hemostemix Inc. (V.HEM) hit a new 52-week high of 73 cents on Thursday. Hemostemix has closed its previously announced non-brokered private placement of units announced on December 18, 2020, for gross proceeds of $2,750,000. The Offering consisted of the issuance of an aggregate of 9,166,667 post -consolidated Units at a price of $0.30 per Unit. Each Unit consists of one post-consolidated common share in the capital of the Company and one post-consolidated common share purchase warrant, with each full Warrant entitling t