Gold79 Closes First Tranche of Private Placement for $2.19 Million; Prepares for the Start of Drilling at Gold Chain Project, Arizona
Ottawa, Ontario--(Newsfile Corp. - October 10, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce the closing of a first tranche of its previously announced $4,000,000 non-brokered private placement financing (the "Offering"), raising gross proceeds of $2,190,000 through the issuance of 8,760,000 units at $0.25 per unit. Each unit consists of one common share of the Company and one-half common share purchase warrant. A total of 4,380,000...
2024-10-10 7:00 AM EDT
Gold79 Announces Private Placement Financing of $4,000,000 in Connection with Bullet Merger and Amendment to Amalgamation Agreement
Ottawa, Ontario--(Newsfile Corp. - September 11, 2024) - 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 $4,000,000 (the "Offering"). Gold79 is pursuing the Offering in connection with its previously announced proposed amalgamation agreement with its wholly-owned subsidiary and Bullet Exploration Inc. ("Bullet") to acquire all of the issued and outstanding shares of...
2024-09-11 7:00 AM EDT
Gold79 Announces Merger with Bullet Exploration Creating a Stronger Southwest U.S. Gold Explorer
Ottawa, Ontario--(Newsfile Corp. - September 4, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") and Bullet Exploration Inc. (TSXV: AMMO) ("Bullet") are excited to have entered into a definitive amalgamation agreement (the "Agreement") dated September 3, 2024, whereby Gold79 has agreed to acquire all of the issued and outstanding common shares of Bullet (the "Transaction"). The Transaction will create a well-funded gold exploration company focused on the...
2024-09-04 7:00 AM EDT
Gold79 Receives Acceptance Letter for Its Plan of Operations to Drill the Jefferson Canyon Project
Ottawa, Ontario--(Newsfile Corp. - August 27, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") has received an Acceptance Letter from the United States Forest Service ("USFS") for its Plan of Operations ("POO") to explore the Jefferson Canyon Project in Nevada. The Acceptance Letter indicates that the USFS believes that the POO submitted is acceptable based upon studies and documentation submitted to date. The next steps include consultation with both the...
2024-08-27 7:00 AM EDT
Gold79 Announces Gold Chain Share Payment
Ottawa, Ontario--(Newsfile Corp. - July 23, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") announces that the Company intends to issue 306,396 common shares of the Company in connection with a US$48,000 (CAD$66,024) share payment due under the option agreement covering a portion of the Company's landholdings for the Gold Chain project in Arizona. The common shares issued will have a statutory hold period of four months and one day from the date of issuance....
2024-07-23 4:38 PM EDT
Gold79 Announces Trenching Results from the Tyro Main Zone; Trench 1 Returned 39.7m of 1.14 g/t Au Including 9.5m of 2.08 g/t Au
Ottawa, Ontario--(Newsfile Corp. - July 11, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it has received the assay results from its recently completed trenching program along the Tyro Main Zone which has confirmed our understanding of the geology, added new potential high-grade targets for the next drill campaign and extended the zone along strike to the northeast. Highlights from the program include: Confirmed the geologic model...
2024-07-11 7:00 AM EDT
Gold79 Saddened by Passing of Director James M. Franklin
Ottawa, Ontario--(Newsfile Corp. - June 27, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") announces with great sadness the passing last week of the Company's longest standing Director, Dr. James M. Franklin. Dr. Franklin, or Jim to his many colleagues across academia and the minerals industry, served as a Director of Gold79 and its predecessor Aura Resources, from its inception in 2003. In 1996, Jim was elected a Fellow of the Royal Society of Canada's...
2024-06-27 7:00 AM EDT
Gold79 Completes Trenching of the Tyro Main Zone at the Gold Chain Project
Ottawa, Ontario--(Newsfile Corp. - May 27, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it has completed a trenching program along the Tyro Main vein including mapping and sampling as announced on May 2, 2024. A total of 15 trenches were completed over 358 metres. Results are pending from the 217 samples taken (Figure 1). Assay results are expected in 4 to 6 weeks. Preliminary results from the work completed include: Three...
2024-05-27 5:15 PM EDT
Gold79 Completes Acquisition of the Tip Top Gold Project
Ottawa, Ontario--(Newsfile Corp. - May 21, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it has made the final acquisition payment of US$25,000 to the vendor of the Tip Top project. Gold79 now owns 100% of the Tip Top Project in Nevada. Derek Macpherson, President and CEO stated, "When I joined Gold79 three years ago, my view was that any one of our projects could justify our market capitalization at that time. This included the...
2024-05-21 7:00 AM EDT
Gold79 Announces Closing of First Tranche of Private Placement Financing
Ottawa, Ontario--(Newsfile Corp. - May 6, 2024) - 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 $718,250 through the issuance of 2,873,000 units at $0.25 per unit. Each unit consists of one common share of the Company and one-half common share purchase warrant. A total of 1,436,500 whole warrants were issued, with each warrant entitling...
2024-05-06 7:00 AM EDT
Gold79 to Commence Trenching of the Tyro Main Zone at the Gold Chain Project
Ottawa, Ontario--(Newsfile Corp. - May 2, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it has finalized the design for its systematic trenching program along the Tyro Main Zone to follow-up the high-grade drill intercepts from 2023 and better understand the gold distribution along strike. Work is expected to start the week of May 6, 2024. The key objectives of this program are: Better understand the intersection of the Whitespar...
2024-05-02 7:00 AM EDT
Gold79 Announces Effective Date of Previously Announced Share Consolidation
Ottawa, Ontario--(Newsfile Corp. - April 19, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") announces that further to its news release dated April 11, 2024, Gold79 has received approval from the TSX Venture Exchange for its one-for-10 share consolidation. The consolidation will be effective at market open on April 22, 2024. The Company name will be unchanged and its common shares will continue to trade under the symbol AUU on the TSX Venture Exchange and...
2024-04-19 7:00 AM EDT
Gold79 Announces Private Placement Financing of up to $1,000,000 and Share Consolidation
Ottawa, Ontario--(Newsfile Corp. - April 11, 2024) - 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 4,000,000 post-consolidation (see below) units (each a "Unit"), at $0.25 per Unit (the "Offering"). Each Unit will consist of one post-consolidation common share of the Company and one-half post-consolidation common share purchase warrant,...
2024-04-11 7:00 AM EDT
Gold79 Defines an Exploration Target for the Tyro Main Zone at the Gold Chain Project
Ottawa, Ontario--(Newsfile Corp. - January 22, 2024) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to announce that it has defined an exploration target at the Tyro Main Zone, the first potential resource area, on the Gold Chain Project in Arizona (the "Exploration Target"). Gold79 believes that the Tyro Main Zone has the potential for 15.6 to 31.2 Mt grading 1.5 to 2.5 g/t Au. This is based on previous exploration on the property, including 685.7...
2024-01-22 7:00 AM EST
Gold79 Provides a Drill Permitting Update on the Jefferson Canyon Project
Ottawa, Ontario--(Newsfile Corp. - December 19, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") is pleased to provide an update on the permitting process at its Jefferson Canyon project, in Nevada. The original Plan of Operations for Jefferson Canyon was submitted in July 2021 and the cultural and biological studies were completed and submitted in Q2 2022. Gold79 received feedback on the proposed areas of disturbance relative to identified cultural sites in...
2023-12-19 7:00 AM EST
Gold79 Announces Issuance of Shares for Gold Chain Option Payment
Ottawa, Ontario--(Newsfile Corp. - August 15, 2023) - Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) ("Gold79" or the "Company") announces that it has issued 2,062,548 common shares of the Company in connection with a US$48,000 ($63,283) share payment due under the option agreement covering a portion of the Company's landholdings for the Gold Chain project in Arizona. The common shares issued have a statutory hold period until December 15, 2023. About Gold79 Mines Ltd. Gold79 Mines Ltd. is a...
2023-08-15 7:00 AM EDT
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