Founders Metals Obtains Drill Permits and Signs Drill Contract and Landowner Agreements for the Elmtree Gold Project
Edmonton, Alberta--(Newsfile Corp. - September 15, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce that it has received its work authorization from the New Brunswick Mining Recorder's Office. The government permit allows Founders to commence diamond drilling on the Elmtree Gold Project in northeastern New Brunswick, where it has signed landowner access agreements across the 1063-hectare property. The Company is also pleased to announce the signing...
2021-09-15 8:30 AM EDT
Founders Metals Completes High-Resolution Soil Campaign at the Elmtree Gold Project
Edmonton, Alberta--(Newsfile Corp. - September 9, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce that it has completed a property-wide Ion Leach soil sampling program at its Elmtree Gold Project in northeastern New Brunswick (fig. 1). A total of 3,715 samples were collected over the 1,026-hectare property. This high-resolution sampling campaign represents the most comprehensive geochemical survey on the property to date. It leverages the...
2021-09-09 9:00 AM EDT
Founders Metals Initiates Soil Geochemical Survey on its Elmtree Gold Project
Edmonton, Alberta--(Newsfile Corp. - August 3, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce the start of a multistage soil geochemical survey on its Elmtree Gold Project in northeastern New Brunswick, Canada. Sampling began on July 15th and employs ALS Global's Ionic Leach technique to assist in better identifying mineralization and associated alteration through thin, locally clay-rich, glacial cover.
2021-08-03 9:00 AM EDT
Founders Metals Announces High-Resolution UAV Magnetics Survey for Elmtree Au Project
Edmonton, Alberta--(Newsfile Corp. - July 13, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to announce a drone-based airborne magnetics survey on its Elmtree Gold Project in the Bathurst Mining Camp of northeastern New Brunswick. The survey is underway, and being flown by Vision 4K, a specialist Canadian provider of UAV/Drone-based geophysical surveys. Gold mineralization in the region is often spatially associated with east-to-northeast-trending,...
2021-07-13 9:00 AM EDT
Founders Metals Completes Elmtree Project Data Compilation
Edmonton, Alberta--(Newsfile Corp. - June 30, 2021) - Founders Metals Inc. (TSXV: FDR) ("Founders" or the "Company") is pleased to provide a summary of the compiled historical data for its Elmtree Gold Project in northeastern New Brunswick. The Elmtree Au Project comprises 49 mineral claims totaling 1,063 hectares (ha) situated approximately 20 km northwest of the City of Bathurst. The property has been under active exploration since the late 1950s. However, substantial work began in 1984...
2021-06-30 9:00 AM EDT
Founders Metals Inc. Announces Continuation to British Columbia
Edmonton, Alberta--(Newsfile Corp. - May 12, 2021) - Founders Metals Inc. (TSXV: FDR) (the "Company") is pleased to announce that it has continued its corporate jurisdiction from the federal jurisdiction under the Canada Business Corporations Act to British Columbia under the Business Corporations Act (British Columbia) (the "Continuation"). The Continuation was approved by the shareholders of the Company at the annual general and special meeting of the shareholders held on April 30, 2021...
2021-05-12 6:03 PM EDT
Founders Metals Upcoming Shareholders Meeting
Edmonton, Alberta--(Newsfile Corp. - April 16, 2021) - Founders Metal Inc (TSXV: FDR) (the "Company") (formerly, Avalon Works Inc.) wishes to remind its shareholders of its upcoming annual general and special shareholders meeting (the "Meeting") on Friday April 30, 2021 at 10:00 am Pacific Standard Time at Suite 700 - 595 Burrard Street, Vancouver, British Columbia. We confirm the record date for the Meeting is March 26, 2021 (not to be confused with a previously disclosed date of March 29,...
2021-04-16 7:21 PM EDT
Avalon Works Corp. Announces Completion of Acquisition of Elmtree Gold Project in NE New Brunswick, $5,040,500 Concurrent Financings and Listing on the TSX Venture Exchange
Edmonton, Alberta--(Newsfile Corp. - February 26, 2021) - Avalon Works Corp. (TSXV: AWB) (the "Company") is pleased to announce that, further to the news release issued by the Company on November 26, 2020, the Company has completed a consolidation (the "Consolidation") of all issued and outstanding common shares on the basis of 4.9362-to-1 effective February 25, 2021 followed by the acquisition on February 26, 2021 (the "Acquisition") of a mineral exploration property comprised of two mineral...
2021-02-26 8:48 PM EST
Avalon Announces Agreement to Acquire Elmtree Gold Project in Northeast N.B., $150,000 Bridge Financing, and Minimum $2.5 Million Concurrent Financing
Toronto, Ontario--(Newsfile Corp. - November 26, 2020) - Avalon Works Corp. ("Avalon" or the "Company") is pleased to announce that it has entered into an agreement (the "Letter Agreement") dated November 17, 2020 among Avalon, and Kevin Vienneau, Roy Bonnell, Nick Stajduhar and John Williamson, who are businessmen resident in Canada (collectively, the "Vendors") for the acquisition (the "Acquisition") of two mineral exploration properties respectively comprised of 24 and 25 contiguous...
2020-11-26 6:21 PM EST