Gold79 Announces Closing of Private Placement Financing
Ottawa, Ontario--(Newsfile Corp. - July 26, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the closing of a second final tranche of its non-brokered private placement financing, raising gross proceeds of $249,314 through the issuance of 8,310,457 units at $0.03 per unit. In total, including the first tranche of the placement, 15,310,457 units were issued for gross proceeds of $459,314. Each unit consists of one common share of the...
2023-07-26 5:00 PM EDT
Gold79 Announces Amendment of a Gold Chain Property Option Agreement Reducing Near-Term Cash Payments
Ottawa, Ontario--(Newsfile Corp. - July 24, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it has entered into an amending agreement with respect to one of its option agreements for the Gold Chain, Arizona project which reduces cash payments in the near-term. This amending agreement relates to 107 unpatented mining claims forming part of the Gold Chain project. In total, the Gold Chain project consists of 379 unpatented mining...
2023-07-24 7:00 AM EDT
Gold79 Extends Closing Date of Private Placement Financing
Ottawa, Ontario--(Newsfile Corp. - June 26, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") announces that it is extending the final closing date of its non-brokered private placement announced on June 2, 2023. The closing date of the private placement will now be on or before July 26, 2023. All other terms of the private placement remain unchanged. The placement will raise gross proceeds of up to $1,000,000, comprising 33,333,333 units (each a "Unit"), at...
2023-06-26 7:00 AM EDT
Gold79 Announces Closing of First Tranche of Private Placement Financing
Ottawa, Ontario--(Newsfile Corp. - June 9, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the closing of a first tranche of its non-brokered private placement financing, raising gross proceeds of $210,000 through the issuance of 7,000,000 units at $0.03 per unit. Each unit consists of one common share of the Company and one whole common share purchase warrant. A total of 7,000,000 warrants were issued, with each warrant entitling the...
2023-06-09 7:00 AM EDT
Gold79 Amends Terms of Private Placement Financing
Ottawa, Ontario--(Newsfile Corp. - June 2, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") announces that it is amending the terms of its non-brokered private placement originally announced on May 10, 2023. The private placement will now raise gross proceeds of up to $1,000,000, comprising 33,333,333 units (each a "Unit"), at $0.03 per Unit (the "Offering"). Each Unit consists of one common share of the Company and one whole common share purchase warrant (a...
2023-06-02 7:00 AM EDT
Gold79 Announces Private Placement Financing of up to $2,000,000
Ottawa, Ontario--(Newsfile Corp. - May 10, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of up to $2,000,000, comprising 50,000,000 units (each a "Unit"), at $0.04 per Unit (the "Offering"). Each Unit consists of one common share of the Company and one whole common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common...
2023-05-10 7:00 AM EDT
Gold79's Tyro Vein System Evolves to a plus 3km Strike Gold Target
Ottawa, Ontario--(Newsfile Corp. - May 9, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to share a revised geologic model for the Tyro vein system at its Gold Chain project, northwest Arizona. Recent drilling, geophysics, mapping and sampling provides the following interpretation of the Tyro vein system: 'Bonanza' gold grades of plus 10 g/t Au have been identified along the Tyro mine segment and are hosted by classic low-sulphidation epithermal...
2023-05-09 7:00 AM EDT
Gold79 Appoints Peter Mercer as New Independent Director
Ottawa, Ontario--(Newsfile Corp. - April 20, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that Mr. Peter Mercer has been appointed as an independent director effective April 19, 2023. Mr. W. William (Bill) Boberg has stepped down as a director but will remain as an advisor to the Company. Derek Macpherson, President, CEO and Director stated, "We are pleased to add Peter to the board, he brings a wealth of knowledge and experience to...
2023-04-20 7:00 AM EDT
Gold79 Discovers New High-Grade Zone at Tyro, Intersecting 9.1m of 51.09 g/t Au Within a Broad Zone of Gold Mineralization at Its Gold Chain Project in Arizona
Ottawa, Ontario--(Newsfile Corp. - February 28, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is excited to announce the completion of its Phase 2 drilling campaign and the analytical results from its Gold Chain project in Mojave County, Arizona. The program consisted of 12 reverse circulation (RC) drill holes totaling 956 metres (m) testing the Tyro, Sheep Trail and Boulevard mine targets with about 50 percent of the drilling focused on the Tyro vein...
2023-02-28 7:00 AM EST
Gold79 Commences Drilling with Improved Understanding from Geophysical Interpretation at Its Gold Chain Project
Ottawa, Ontario--(Newsfile Corp. - January 12, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the completion and analysis of an airborne magnetic and radiometric survey over its Gold Chain project located in Mohave Co., NW Arizona. The survey was conducted in March, 2022 by Goldspot Discoveries Corp. over the entire Gold Chain block. Additionally, the Company is pleased to announce that it has commenced the planned 1,100m drill program...
2023-01-12 7:00 AM EST
Gold79 Is Set to Drill Its Gold Chain Project in Early 2023
Ottawa, Ontario--(Newsfile Corp. - December 21, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it is ready to execute a 1,100 meter drill program at its Gold Chain Project, in Arizona in early 2023. The Company has secured a drill contractor and completed site preparation to commence drilling in early 2023. The drill program will focus on following up the high-grade sampling results from Sheep Trail and demonstrating the strike...
2022-12-21 7:00 AM EST
Gold79 Announces Closing of Private Placement Financing
Ottawa, Ontario--(Newsfile Corp. - November 21, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the closing of its non-brokered private placement financing, raising gross proceeds of $947,324 through the issuance of 27,066,401 units at $0.035 per unit. Each unit consists of one common share of the Company and one whole common share purchase warrant. A total of 27,066,401 warrants were issued, with each warrant entitling the holder to...
2022-11-21 7:00 AM EST
Gold79 Announces Private Placement Financing of up to $1,000,000
Ottawa, Ontario--(Newsfile Corp. - November 7, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of up to $1,000,000, comprising 28,571,428 units (each a "Unit"), at $0.035 per Unit (the "Offering"). Each Unit consists of one common share of the Company and one whole common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common...
2022-11-07 7:00 AM EST
Gold79 Signs Exploration and Option Agreement with Kinross on its Jefferson Canyon Project, Nevada
Ottawa, Ontario--(Newsfile Corp. - October 13, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (the "Company" or "Gold79"), through its wholly-owned US subsidiary, is pleased to announce an Exploration and Option Agreement (the "Agreement") with Kinross Gold USA Inc. ("Kinross"), a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K) (NYSE: KGC) on its Jefferson Canyon Gold-Silver Project located in Nye County, Nevada, approximately 7 kilometers from Kinross's Round Mountain...
2022-10-13 7:00 AM EDT
Gold79 Monetizes Minority Interest in Taviche Project
Ottawa, Ontario--(Newsfile Corp. - August 17, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (the "Company") is pleased to announce that it has monetized its remaining 20% interest in the Taviche Project in Mexico. Additionally, despite strong support from insiders and existing shareholders for the financing announced July 28, 2022, the Company has determined that it will not proceed with the private placement. As well certain members of management have agreed to loan the Company up to...
2022-08-17 7:00 AM EDT
Gold79 Announces Private Placement Financing of up to $500,000 and Issues Shares for Gold Chain Anniversary Payment
Ottawa, Ontario--(Newsfile Corp. - July 28, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of up to $500,000, comprising 16,666,667 units (each a "Unit"), at $0.03 per Unit (the "Offering"). Each Unit consists of one common share of the Company and one whole common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one common share...
2022-07-28 7:00 AM EDT
Gold79 Returns 19.52 g/t Au over 3.7m From the Sheep Trail Mine Area at its Gold Chain Project and Presents the Gold Chain Project Virtual Tour
Ottawa, Ontario--(Newsfile Corp. - June 8, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it has completed additional mapping and sampling at the Sheep Trail Mine Area within its Gold Chain project, located in northwest Arizona. Additionally, the Company has completed a virtual tour video of the project, providing an overview of the project and its potential. Click here to start your tour (https://youtube/jbbtqC5wmG8).
2022-06-08 7:00 AM EDT
Gold79 Issues Shares for Jefferson Canyon Anniversary Payment
Ottawa, Ontario--(Newsfile Corp. - June 1, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") announces that it intends to issue 632,400 common shares of the Company at a deemed value of CDN$0.05 per common share in connection with the US$25,000 third anniversary payment due under the terms of the Jefferson Canyon, Nevada property option agreement with Thorsen-Fordyce Merchant Capital Inc. The common shares issued will have a statutory hold period of four months...
2022-06-01 4:00 PM EDT
GOLD79 Samples 2.53 g/t Gold over 25.4 m from the Underground Workings at the Tyro Mine on the Gold Chain Project
Ottawa, Ontario--(Newsfile Corp. - April 28, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it has a completed a mapping and sampling program of the 200 foot level ("200L") of the Tyro mine. Results from the chip-channel sampling returned similar grades and widths to the fall 2021 drill program, approximately 600 metres south of that drilling. Sampling highlights: 25.4m at 2.53 g/t gold (chip-channel sample) 12.7m at 2.44 g/t gold...
2022-04-28 7:00 AM EDT
Gold79 Releases Newly Obtained Historical Drill Results and Provides a Permitting Update for Jefferson Canyon
Ottawa, Ontario--(Newsfile Corp. - April 7, 2022) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") has recently obtained additional historical drill hole data for its Jefferson Canyon project in Nevada. These newly acquired results confirm the current geologic model. In addition, Gold79 is pleased to provide an update on the current permitting program for the Company's maiden drill program at Jefferson Canyon. "New" Historical Drill Hole Highlights: Angled drill...
2022-04-07 7:00 AM EDT