Karus Gold Announces $3M Brokered Financing and a $2M Strategic Investment by Yamana Gold Inc.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATESAll numbers reference are in Canadian dollarsVancouver, British Columbia--(Newsfile Corp. - March 29, 2022) - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce that it has entered into an agreement with Eight Capital, on behalf of a group of agents (collectively, the "Agents") to act as lead agent and sole bookrunner in connection with a private placement for aggregate gross proceeds of up to...
2022-03-29 9:00 AM EDT
Karus Gold Drills 6.5 Meters of 9.55 g/t Gold within Broader Interval of 35.4 Meters of 2.94 g/t Gold at FG Gold
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2022) - Karus Gold Corp. ("Karus Gold" or the "Company") announces additional high-grade gold drill results including 6.5 meters ("m") of 9.55 grams per tonne ("g/t") gold within a broader interval of 35.4 m of 2.94 g/t gold confirming the presence of new high-grade gold corridors below historical drilling at the FG Gold Project ("
2022-02-02 9:00 AM EST
Karus Gold Strengthens Board Independence and Governance in Preparation for Share Listing
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2022) - Karus Gold Corp. ("Karus Gold" or the "Company"), a growing exploration company focused on the South Cariboo Gold District in British Columbia, announces the appointment of Joe Ovsenek and Cathy McLay to the Board of Directors (the "Board"). The new Board additions are independent and will strengthen governance and help deliver on the vision of building Karus into a leading BC gold explorer. Current directors James Hynes,...
2022-01-24 9:00 AM EST
Karus Gold Drills 80.65 Meters of 0.5 g/t Gold at Gold Creek Project
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2022) - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce the results from its summer 2021 drill program at its Gold Creek gold project ("Gold Creek") part of the Company's 1,000 square kilometers ("km") South Cariboo Gold District in British Columbia (Figure 1). A total of 1,389 meters ("m") in five diamond drill holes was completed at Gold Creek between mid-June and early July 2021, including hole GC-21-049...
2022-01-19 9:30 AM EST
Karus Gold Completes C$237,270 Financings
Vancouver, British Columbia--(Newsfile Corp. - December 28, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce that is has closed two financings with total gross proceeds of $237,270 (the "Offering"). The first offering was by way of a private placement issuing 281,400 units (a "Unit") at a price of C$0.55 per Unit for gross proceeds of C$154,770 in connection with an Offering Memorandum ("OM") that was filed on SEDAR under the profile of the...
2021-12-28 7:23 PM EST
Karus Gold Provides Update on Exploration and Public Listing
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to provide a corporate update which includes the 2021 exploration programs at its FG Gold project ("FG Gold") and Gold Creek project ("Gold Creek"), both part of the 1,000 square kilometer ("km") South Cariboo Gold Property in British Columbia (see Figure 1).Andrew Kaip, President and CEO of Karus Gold comments, "Our 2021 exploration programs at our two highly...
2021-12-09 9:00 AM EST
Karus Gold Files Technical Report for the South Cariboo Gold Project
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce the completion and filing of the National Instrument 43-101 ("NI 43-101") Independent Technical Report (the "Report") for the Company's South Cariboo Gold Project located in British Columbia, Canada (the "Project") titled "Technical Report on the South Cariboo Property, British Columbia, Canada". The Report provides detailed information on the Project...
2021-11-26 5:07 PM EST
Karus Gold Completes Successful Drill Program at the FG Gold Project
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce that it has completed exploration activities at the FG Gold Project ("FG Gold") in the South Cariboo Gold District ("District") in British Columbia (Figure 1). A total of 7,142 meters ("m") in 19 diamond drill holes were completed between early July and early September 2021 (Figure 2). The FG Gold 2021 drill program successfully:Confirmed the orientation...
2021-09-23 3:00 PM EDT
Karus Gold Completes C$1.4M Financing
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce that it is has completed a non-brokered private placement of 1,529,929 units at a price of C$0.55 per unit ("Units") and 778,391 flow through units at C$0.73 per flow through unit ("FT Units") for aggregate gross proceeds of up to C$1,409,686 (the "Offering"). Each Unit consists of one common share of the Company (each, a "Unit Share") and...
2021-09-10 4:02 PM EDT
Karus Gold Provides Exploration and Listing Update
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") is pleased to announce that is has completed the first phase of drilling at its Gold Creek project ("Gold Creek") and has commenced drilling at its FG Gold project ("FG Gold") in the South Cariboo Gold District in British Columbia (Figure 1). A total of 1,374.6 meters ("m") in five diamond drill holes were completed at Gold Creek between mid-June and early...
2021-07-29 9:00 AM EDT
Karus Gold Identifies Multiple Gold Vein Corridors at FG Gold
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") announces that detailed interpretation of the 2020 drill program validates the Company's exploration thesis that structural controls generate repeating higher-grade gold vein corridors within the previously defined Upper and Lower zones at the FG Gold Project ("Project" or "FG Gold"). FG Gold is part of the Company's 1,000 square kilometer ("km") South Cariboo Gold District in...
2021-06-16 4:30 PM EDT
Karus Gold Drills 5.3 Meters of 10.2 g/t Gold and 10 Meters of 5.5 g/t Gold from Upper Zone at FG Gold
Vancouver, British Columbia--(Newsfile Corp. - June 9, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") announces additional high-grade gold drill results including 5.3 meters ("m") of 10.2 g/t gold and 10 meters of 5.5 g/t gold in the Upper Zone of the FG Gold Project ("Project" or "FG Gold"), part of the Company's 1,000 square kilometer ("km") South Cariboo Gold District in British Columbia (Figure 1).HighlightsFG-20-382 extends the continuity of Upper Zone gold mineralization a...
2021-06-09 8:30 AM EDT
Karus Gold Clarifies FG Gold Disclosure Related to Historical Resource
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") advises that as a result of a review by the British Columbia Securities Commission (the "BCSC"), the Company is issuing this news release to clarify disclosure pursuant to the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") regarding the historical resource at the FG Gold project, part of the 100% owned South Cariboo Gold...
2021-05-20 9:13 PM EDT
Karus Gold Outlines 2021 Exploration Program at South Cariboo Gold District
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") announces details on its planned 2021 exploration program on the 1,000 square kilometer ("km") South Cariboo Gold District in British Columbia (Figure 1). Karus Gold is planning a multi-staged program to realize the following objectives:FG GoldExpand newly discovered Lower Zone mineralization on-strike and down plunge of the 3.6 km historical resource area with a targeted drill...
2021-05-06 8:30 AM EDT
Karus Gold Drills 12.4 Meters of 4.3 g/t Gold at FG Gold Confirming Continuity of the Lower Zone Discovery with Widely Spaced Holes
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2021) - Karus Gold Corp. ("Karus Gold" or the "Company") announces additional high-grade gold drill results including 12.4 meters ("m") of 4.3 g/t gold in hole FG-20-376, starting at 239.4 m downhole in the Lower Zone of the FG Gold Project ("Project" or "FG Gold"), part of the 1,000 square kilometer ("km") South Cariboo Gold Property in British Columbia. Additionally, hole FG-20-376 which intercepted 62.3 m of 1.7 g/t gold, confirms...
2021-04-22 8:30 AM EDT
Karus Gold Closes Oversubscribed Rights Offering
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2021) - Karus Gold Corp. ("Karus Gold") is pleased to announce that the rights offering previously announced February 1, 2021 for 26,556,228 common shares with gross proceeds of CDN$3,983,434 (the "Rights Offering") has closed. Karus Gold remains on track for a TSX Venture exchange listing in Q2 2021.Karus Gold CEO Andrew Kaip commented, "The rights offering saw strong support from our shareholders including Mr. Eric Sprott and other...
2021-03-24 9:25 AM EDT
Karus Gold Appoints Andrew Kaip as President and CEO
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2021) - Karus Gold Corp. ("Karus Gold" or "Karus") is pleased to announce the appointment of Mr. Andrew Kaip as President and CEO effective immediately. As CEO, Mr. Kaip has also been appointed to the Board of Directors. Karus has also appointed Mr. David Whittle as Director and Chairman of the Audit Committee.Karus founder and Executive Chairman, James Hynes, commented, "On behalf of Karus Gold and our shareholders, I would like...
2021-03-09 8:30 AM EST
Karus Gold Announces Rights Offering and Backstop Commitments
Vancouver, British Columbia--(Newsfile Corp. - February 1, 2021) - Karus Gold Corp. ("Karus Gold") is pleased to announce that it will be conducting a rights offering to holders of its common shares at the close of business on the record date of February 8, 2021 (the "Record Date"). The offering will be for 26,556,228 common shares to raise gross proceeds of CDN$3,983,434 (the "Rights Offering")The Rights Offering is being undertaken to provide funds for exploration, development and social...
2021-02-01 6:00 PM EST