News Releases
- Monday November 11, 2024
Sabre Gold Completes the Repurchase of Royalty on the Copperstone Gold Project
Toronto, Ontario–(Newsfile Corp. – November 11, 2024) – Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) ("Sabre Gold" or the "Company") is pleased to announce that it has successfully completed the previously announced repurchase of the 1.5% net smelter returns royalty ("NSR") on the Copperstone Gold project ("Copperstone") held by Trans Oceanic Minerals Company Ltd.
- Monday October 28, 2024
MINERA ALAMOS ANNOUNCES ACQUISITION OF SABRE GOLD
PDF Version Copperstone adds additional near-term production potential to existing growth profile Toronto, Canada (October 28, 2024) – Minera Alamos Inc. (TSXV: MAI; OTCQX:MAIFF) ("Minera Alamos") and Sabre Gold Mines Corp. (TSX: SGLD; OTCQB: SGLDF) ("Sabre Gold") are pleased to announce that they have entered into a definitive agreement, signed on October 27th, 2024, (the
- Thursday August 15, 2024
SABRE GOLD ADVISES OF VICTORIA GOLD RECEIVERSHIP
Toronto, August 15, 2024 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) wishes to advise that it expects to be affected by the receivership of Victoria Gold Corp. (“Victoria”). Victoria has announced that the Ontario Superior Court of Justice (Commercial List) has granted an order appointing PricewaterhouseCoopers Inc. as
- Thursday June 27, 2024
SABRE GOLD ANNOUNCES RESULTS OF 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS
PDF Version Toronto, June 27, 2023 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce that shareholders voted in favor of all resolutions presented in its management information circular at the Annual General Meeting of Shareholders (the “Meeting”) held on June 27, 2024. A total of
- Tuesday January 9, 2024
SABRE GOLD RESTRUCTURES MARG PROPERTY AGREEMENT
PDF Version Vancouver, January 9, 2024 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce that it has updated the terms of the Property Purchase Agreement of the Marg VMS project (“Marg Project”) located in Central Yukon (“Restructuring”) with Azarga Metals (“Azarga”). The Company and Azarga
- Thursday November 2, 2023
SABRE GOLD FINALIZES DEBT AND STREAM RESTRUCTURING
Vancouver, November 2, 2023 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce that it has finalized the restructuring of the Company’s current debt obligations and the gold stream over the Copperstone Mine with its secured creditors (the “Restructuring”). The terms of the Restructuring were the
- Wednesday October 18, 2023
SABRE GOLD ANNOUNCES EXERCISE OF OPTION ON SER PROPERTY
Vancouver, October 18, 2023 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce that it’s partner, Rackla Metals (“Rackla”), has exercised its option to acquire a 100% interest, subject to a 2.5% NSR royalty, in the SER property. Pursuant to the SER Option Agreement dated September
- Tuesday October 3, 2023
SABRE GOLD ANNOUNCES DEBT AND STREAM RESTRUCTURING
Vancouver, October 3, 2023 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce it has entered into a non-binding Term Sheet with its secured creditors setting out the terms on which the parties are proposing to restructure the Company’s current debt obligations and the gold stream
- Thursday September 14, 2023
SABRE GOLD SELLS BREWERY CREEK PROJECT FOR $13.5 MILLION
Vancouver, September 14, 2023 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce it has sold the Brewery Creek Project (“Brewery Creek”) and other certain mineral assets in the Yukon to Victoria Gold Inc. (“Victoria”). Transaction Details The sale was completed pursuant to the terms of
- Thursday August 3, 2023
SABRE GOLD FILES PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT FOR THE COPPERSTONE MINE
The technical report contains certain non-material changes to the summary information contained in the June 20, 2023 news release. In particular, results of the economic analysis in the technical report show higher pre- and after-tax NPV, higher pre- and after-tax IRR, lower Life of Mine Operating and All-In Sustaining Costs per gold payable ounce, and higher pre- and after-tax cumulative undiscounted free cash flow. These results were reflected in Tables 1 and 4 (Financial Results and Operating, Cash & All-In Sustaining Costs Base Case) in the June 20, 2023 news release. The updated results are included in the technical report and repeated below in Tables 1 and 2
- Thursday June 29, 2023
SABRE GOLD ANNOUNCES RESULTS OF 2023 ANNUAL GENERAL MEETING OF SHAREHOLDERS
Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce that shareholders voted in favor of all resolutions presented in its management information circular at the Annual General Meeting of Shareholders (the “Meeting”) held on June 29, 2023. A total of 20,715,684 common shares were voted at the Meeting, representing 28.7% of the votes attached to all outstanding common shares and voting results are as follows:
- Tuesday June 20, 2023
SABRE GOLD ANNOUNCES PRELIMINARY ECONOMIC ASSESSMENT FOR THE COPPERSTONE MINE
With the completion of the Preliminary Economic Assessment, the Copperstone project is now advancing towards detailed engineering, financing and a final construction decision. The results published today support the construction of our first mine. We believe there are further opportunities to optimize the project economics through possible capital reductions and to also increase the mineral resource. It is our belief that with the restart of drilling at the Project, there is potential to add significant ounces to the mine design and mine life at Copperstone,
- Tuesday May 16, 2023
SABRE GOLD PROVIDES COPPERSTONE MINE UPDATE AND ANNOUNCES FILING OF FIRST QUARTER FINANCIALS
PDF Version Vancouver, May 16, 2023 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) announces that engineering and evaluation work has continued on the Copperstone Mine (“Copperstone” or “Project”) and the Company will be releasing the results in a Preliminary Economic Assessment (“PEA”) in the coming weeks. The Company
- Tuesday March 7, 2023
SABRE GOLD ANNOUNCES ROYALTY BUYBACK AND DEBT REDUCTION
PDF Version Vancouver, March 7, 2023 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) announces the buyback and cancellation of a 3% net smelter returns royalty (the “Copperstone Royalty”) on the Company’s Copperstone Project for cash proceeds of US$2.5 million. In addition, the Company has repaid two promissory notes
- Monday January 30, 2023
SABRE GOLD ANNOUNCES SALE OF ROYALTY FOR US$7 MILLION
The Company intends to use the net proceeds of the sale of this non-core asset to improve the viability of our key assets. Accordingly, the Company will buy back two thirds of the 4.5% gross production royalty on the Company’s Copperstone Mine, settle US$2 million of the Company’s outstanding debt and add the remaining cash balance to the Company’s treasury.
- Tuesday January 24, 2023
SABRE GOLD ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT AND RESIGNATION OF DIRECTOR
After many years of service, Mr. Sheriff has resigned due to his increasing workload and focus in the uranium sector,” said Andrew Elinesky, CEO of Sabre Gold. “On behalf of the board of directors and management team, I would like to thank him for his contributions and wish him the best in his future endeavours.
- Tuesday January 24, 2023
SABRE GOLD ANNOUNCES FILING OF AMENDED OFFERING DOCUMENT
On December 13, 2022, the Company announced a non-brokered private placement of units (the “Units”) for aggregate gross proceeds of a minimum of $680,000 and up to maximum of $1.5 million at a price of C$0.17 per Unit by way of the “listed issuer financing exemption” (the “Offering”) under National Instrument 45-106 – Prospectus Exemptions in all the provinces of Canada with the exception of Quebec. The Company has filed the Amended Offering Document to disclose that a portion of the Offering will now be made available to certain persons purchasing Units under available prospectus exemptions other than the listed issuer financing exemption, in addition to persons purchasing Units under the listed issuer financing exemption, as previously announced.
- Tuesday December 13, 2022
SABRE GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Vancouver, December 13, 2022 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is pleased to announce a non-brokered private placement of
- Tuesday November 8, 2022
SABRE GOLD ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION
PDF Version Vancouver, British Columbia, Canada – November 7, 2022 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) announces it will be moving forward with a share consolidation as approved by the Shareholders at its Annual and Special Shareholder meeting held on December 17, 2021, as described in its
- Monday October 24, 2022
SABRE GOLD ANNOUNCES FINANCIAL RESTRUCTURING AND CHANGE OF LEADERSHIP TO MOVE PERMITTED COPPERSTONE GOLD PROJECT IN ARIZONA TOWARD PRODUCTION
PDF Version Vancouver, Oct. 24, 2022 — Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (” Sabre Gold ” or the ” Company ”) announced today the appointment of Mr. Andrew Elinesky as Chief Executive Officer/President and Director of Sabre Gold. Mr. Elinesky succeeds Giulio Bonifacio, who has retired from his role as Chief Executive Officer/President and Director effective October 23,
- Saturday October 1, 2022
SABRE GOLD ANNOUNCES RESULTS OF 2022 ANNUAL GENERAL MEETING OF SHAREHOLDERS
Vancouver, Canada, September 30, 2022: Sabre Gold Mines Corp. (TSX:SGLD; OTCQB:SGLDF) (the “Company” or “Sabre Gold”) announces that shareholders voted in favor of all resolutions presented in its management information circular at the Annual General Meeting of Shareholders (the “Meeting”) held on September 30, 2022. A total of 188,639,235 common shares were voted at the
- Tuesday June 7, 2022
SABRE GOLD COMMENCES PERMITTING PROCESS AT BREWERY CREEK / COPPERSTONE UPDATE & INVESTOR TOUR
The submission of an updated project description commences the permitting process to bring the Brewery Creek Mine back into operations with a timeline that is anticipated to be shortened as Brewery Creek was a former producer and fully permitted. Sabre Gold looks forward to working with the local First Nations and YESAB to work through the assessment process in a timely and efficient manner. Sabre Gold is also renewing the Class IV Land Use permit at Brewery Creek for another 10 years. The Land Use Permit authorizes exploration activities across the claims including further drilling to test several highly prospective drill targets within and outside of the current resource areas for purposes of expansion of the current resource.
- Thursday April 28, 2022
SABRE GOLD ANNOUNCES SENIOR MANAGEMENT APPOINTMENT & PROJECT FINANCING UPDATE
PDF Version Vancouver, British Columbia, Canada – April 28, 2022 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) is very pleased to announce a key appointment to its management team as well as a project financing and project update for its 100% owned Copperstone gold project located in Arizona,
- Thursday March 31, 2022
SABRE GOLD DRILLS 4.6 METRES OF 16.9 G/T GOLD & STRENGTHENS MANAGEMENT TEAM
We are very pleased to have Mr. Tolbert join Sabre Gold as a key addition to our management team. Mr. Tolbert brings a wealth of underground mining and management experience to the team while remaining focused on safety and efficient operations. We look forward to working with Mr. Tolbert as we advance the Copperstone gold project into production in the near term
- Thursday March 24, 2022
SABRE GOLD DRILLS 74.1 g/t GOLD
Results from what was known as the northern edge of the D zone continue to return high grade gold intercepts. The gold grades and continuity of the intercepts indicates the D Zone may extend further north. We are planning future underground development to establish additional drill stations to the north to test for the extension of this zone.
- Tuesday March 1, 2022
SABRE GOLD DRILLS 4.6 METERS AT 26.9 G/T GOLD
We have now received further assays which continue to show better than expected continuity of the mineralized shear zone with extremely positive grades that will prove helpful as we moved to mine design and scheduling
- Wednesday February 23, 2022
SABRE GOLD PROVIDES COPPERSTONE PROJECT UPDATE
Sabre Gold continues to make significant progress at Copperstone in preparation of startup with progression to full production in the near term which now only remains subject to project funding. Definition drilling and results to date are continuing to show very good grade and continuity while adding further confidence to our updated geological model and our detailed mine plan. Estimated project capital for the restart of Copperstone remains in line with previous estimates as we continue to advance discussions with project lenders as well as other key stakeholders with an update on project funding to be provided in Q2-2022
- Tuesday February 15, 2022
SABRE GOLD DRILLS 3 METERS AT 21.6 G/T GOLD
The initial assay results from our in-fill drill program, designed to provide detailed geologic information for final stope planning and design have been received. Drill results are showing very good continuity of the mineralized shear zone and gold grades while adding further confidence to our resource model and detailed mine plan.
- Friday January 28, 2022
SABRE GOLD FILES BREWERY CREEK PRELIMINARY ECONOMIC ASSESSMENT
Vancouver, British Columbia, Canada – January 28, 2022 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) has filed on SEDAR an independent technical report prepared in accordance with National Instrument 43-101 supporting the result of a Preliminary Economic Assessment (“PEA”) at its 100%-owned Brewery Creek gold project located in Yukon Territory, Canada. The summary results of the PEA were reported in the Company’s news release dated January 18, 2022, and there are no material differences in the report from those results.
- Tuesday January 18, 2022
SABRE GOLD ANNOUNCES PRELIMINARY ECONOMIC ASSESSMENT RESULTS
The PEA and initial results confirms our plans to resume production at Brewery Creek with what will be low re-start capital with attractive economics which we believe will be further enhanced in 2022. Sabre Gold intends to continue the expansion of gold resources at Brewery Creek and focus on several key opportunities to enhance value, discussed in detail below. The PEA is advanced in several categories as the predecessor company was initially targeting completion of a feasibility study. Sabre Gold intends to move to a feasibility level study upon completion of the advancement of key opportunities, those of which will not impact our targeted permitting timeline. Our permitting efforts will also now focus on expanding the previously permitted area for purposes of allowing for increases to our annual production profile.
- Friday December 17, 2021
SABRE GOLD ANNOUNCES RESULTS OF 2021 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
Sabre Gold is a diversified, multi-asset near-term gold producer in North America which holds 100-per-cent ownership of both the fully permitted Copperstone gold mine located in Arizona, United States, and the Brewery Creek gold mine located in Yukon, Canada, both of which are former producers. Management intends to restart production at Copperstone followed by Brewery Creek in the near term. Sabre Gold also holds other investments and projects at varying stages of development.
- Tuesday December 14, 2021
SABRE GOLD ANNOUNCES 32% INCREASE TO MEASURED & INDICATED RESOURCE AT BREWERY CREEK
We are very pleased with the significant increase in the Measured & Indicated categories of over 350,000 ounces. Sabre Gold intends to further expand gold resources at Brewery Creek in 2022 which will further enhance what are expected to be attractive economics in our upcoming PEA. The PEA is advanced in several categories as the predecessor company was initially targeting completion of a feasibility study. We are also pleased to report our permitting remains on schedule while now focusing on further expanding the previously permitted footprint for purposes of increasing the annual production profile.
- Tuesday October 19, 2021
Sabre Gold Files Copperstone Resource Update NI 43-101 Technical Report
Vancouver, British Columbia, Canda – October 19, 2021 – Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) has filed on SEDAR an independent technical report prepared in accordance with National Instrument 43-101 supporting the result of an updated mineral resource at its 100%-owned Copperstone gold project located in Arizona, United States. The results of the resource update were reported in the Company’s news release dated September 21, 2021, and there are no material differences in the report from those results.
- Wednesday October 13, 2021
SABRE GOLD – COPPERSTONE & BREWERY CREEK PROJECT UPDATE
We are pleased to report ongoing progress at Copperstone as we continue to advance to production in 2022. Sabre Gold continues to advance detailed engineering, ordering of long-lead items and final capital cost estimates which will be significantly reduced in view of the existing infrastructure inclusive of mill, tailings impoundment and existing underground development.” Mr. Bonifacio stated further: “Sabre Gold is also targeting to announce results from a Preliminary Economic Assessment (“PEA”) for Brewery Creek in Q4-2021 which will be based on an expanded footprint for permitting that will further enhance the production profile and give rise to what will be very attractive economics. As a result of the recent business combination with Golden Predator Sabre Gold has gained a much-improved balance sheet as well as several projects of merit in the production, development, and exploration pipeline. Sabre is now very well positioned to deliver near term gold production at Copperstone, production growth at Brewery Creek as well as a multimillion-ounce gold resource base with several high impact exploration targets that have yet to be drill tested.
- Tuesday September 21, 2021
SABRE GOLD – 23% Mineral Resource Increase to Gold Ounces At Copperstone, Arizona
We are pleased to release an updated mineral resource estimate for the Copperstone gold mine which has increased by 23% in all categories at an average grade of 6.6 g/t gold and 53% increase in the Measured category at 7.6 g/t gold from the previously published resource estimate. The resource update includes 152 new drill holes for 12,900 meters of additional drilling. The primary focus of drilling was to focus on classification and confirmation of the previous resource estimate. We are pleased with the further increase in the Inferred category, which will provide upside potential for future conversion. Additionally, several highly prospective expansion targets that have been recently identified remain untested.
- Wednesday September 8, 2021
SABRE GOLD ANNOUNCES EFFECTIVE DATE FOR NAME CHANGE ON TSX
TORONTO, ONTARIO – September 8, 2021 – Sabre Gold Mines Corp. (formerly Arizona Gold Corp.) (“Sabre Gold” or the “Company”) (TSX: SGLD, OTCQB: AGAUF) is pleased to announce that the common shares of the Company (“Common Shares”) will commence trading under the name “Sabre Gold Mines Corp.” on the Toronto Stock Exchange with the new
- Thursday September 2, 2021
SABRE GOLD AND GOLDEN PREDATOR ANNOUNCE ANTICIPATED PLAN OF ARRANGEMENT CLOSING; ATTENDANCE AT PRECIOUS METALS SUMMIT
As previously announced on August 25, 2021, shareholders of both companies overwhelmingly approved all matters voted on at the special meetings, including shareholders of Golden Predator approving the proposed Arrangement. The British Columbia Supreme Court issued the final order approving the Arrangement on August 31, 2021.
- Wednesday August 25, 2021
ARIZONA GOLD AND GOLDEN PREDATOR SHAREHOLDERS APPROVE BUSINESS COMBINATION
Arizona also intends to proceed with a name change to Sabre Gold Mines Corp. (“Sabre Gold”) in connection with the closing of the Arrangement. The common shares of the new Sabre Gold are expected to trade under the ticker symbol ‘SGLD’ on the Toronto Stock Exchange. The company expects to begin trading under its new name on the OTCQB and under a new ticker symbol by the middle of September 2021, until which time the company will continue to trade under the current OTCQB symbol (AGAUF). A new website for the combined company will also be launched in early September.
- Tuesday July 27, 2021
ARIZONA GOLD AND GOLDEN PREDATOR FILE JOINT CIRCULAR
Arizona and Golden Predator encourage shareholders to read the meeting materials in detail. An electronic copy of the Circular is available on Arizona’s website at www.arizona-gold.com and on Golden Predator’s website at www.goldenpredator.com. The Circular is also available on SEDAR under the issuer profiles of both companies at www.sedar.com. Shareholders are strongly encouraged to vote online following the instructions set out on the form of proxy or voting instruction form which will be mailed along with the Circular.
- Monday June 28, 2021
ARIZONA GOLD AND GOLDEN PREDATOR ANNOUNCE CONSOLIDATION OF NEAR-TERM GOLD PRODUCTION IN NORTH AMERICA
PDF Version Vancouver, BC – June 28, 2021 – Arizona Gold Corp. (“Arizona”) (TSX: AZG, OTCQB: AGAUF) and Golden Predator Mining Corp. (“Golden Predator”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Agreement”) pursuant to which Arizona and Golden Predator have agreed to merge to create a new North
- Wednesday June 2, 2021
ARIZONA GOLD DRILLS 11.8 M OF 8.8 G/T GOLD INCLUDING 53.5 G/T
PDF Version TORONTO, ONTARIO – June 1, 2021 – Arizona Gold Corp. (TSX: AZG, OTCQB: AGAUF) (“Arizona Gold” or the “Company”) is pleased to announce additional underground drilling results at its 100% owned Copperstone gold project located in Arizona, United States. Michael R. Smith, Technical Advisor, stated: “We are pleased to announce drill results from
- Tuesday April 27, 2021
ARIZONA GOLD DRILLS 49 G/T GOLD AND PROVIDES DRILLING UPDATE
We are pleased to announce additional drill results from the current underground core drilling program, which continues to demonstrate continuity and extension of several mineralized domains as previously defined. The drilling has shown grades and thicknesses comparable or better to the current resource model with additional assay results pending. Reverse circulation in-fill drilling will commence in May with close-spaced in-fill drilling of stopes which will lead to final stope mine design
- Wednesday April 7, 2021
ARIZONA GOLD DRILLS 22.2 G/T GOLD
PDF Version TORONTO, ONTARIO – April 7, 2021 – Arizona Gold Corp. (TSX: AZG, OTCQB: AGAUF) (“Arizona Gold” or the “Company”) provides additional underground drilling results and drilling program update at its 100% owned Copperstone gold project located in Arizona, United States. Giulio Bonifacio, President & CEO of Arizona Gold, stated: “We are pleased to
- Monday March 29, 2021
ARIZONA GOLD ANNOUNCES SENIOR MANAGEMENT APPOINTMENT & MANAGEMENT CHANGES
We are extremely fortunate to bring on board someone of John’s calibre and experience as we advance to production at the Copperstone gold mine. John’s direct experience in all aspects of mining from construction to operations with a focus on execution and results will prove invaluable to the Company.
- Tuesday March 23, 2021
ARIZONA GOLD REPORTS PROGRESS TOWARDS GOLD PRODUCTION
As previously announced on November 23, 2020 the Company closed a US$18 million project financing with Star Royalties Ltd. for the restart of operations at the Copperstone gold mine. The US$18 million advance payment under the Streaming Agreement will be provided in three equal installments, with the first two US$6 million installments having been received. The remaining US$6 million installment will be advanced at the request of Arizona Gold, as it incurs expenditures for the restart of Copperstone gold mine.
- Wednesday March 10, 2021
ARIZONA GOLD DRILLS 43.97 G/T GOLD AND PROVIDES DRILLING UPDATE
We are very pleased with the results of the ongoing underground core drilling, especially with the new indication of a down-dip extension of the Copperstone zone. Historic hole H5-160 was always one of those holes every property has which creates interest and excitement for the down-dip potential of a deposit. The recent drilling results which were proximal to this historic marker have confirmed that the down-dip potential of the Copperstone is indeed very strong indicating a potential plus 30 meter (“m”) extension down-dip. The Copperstone shear zone is broadly mineralized, as discovered with the drill-indicated potential of two newly identified gold domains below the currently defined domain.
- Wednesday February 24, 2021
ARIZONA GOLD RECEIVES SECOND TRANCHE OF PROJECT FINANCING – EXECUTES 3 % ROYALTY PURCHASE AGREEMENT- APPOINTS CFO
We are pleased with receipt of the second tranche from Star Royalties and execution of our royalty purchase agreement which will allow Arizona Gold to significantly reduce the royalty burden on Copperstone, all of which will prove of great benefit to all stakeholders. We continue to be pleased with project developments at Copperstone as we advance detailed engineering and design for the pending restart of production at Copperstone. Our current drilling program also continues to delivers results that are expected to further expand our current resource while extending mine life.
- Tuesday February 9, 2021
ARIZONA GOLD REPORTS DRILLING RESULTS AND EXPLORATION PROGRAM UPDATE
We are very pleased to announce the initial results of the completed Reverse Circulation (“RC”) drilling program at surface. The surface RC drilling was largely focused on establishing continuity of the Footwall and Copperstone zone mineralization. We are again using the opportunity to continue with the 2018 discovery of the new Footwall zone. Drilling results to date clearly demonstrate the Footwall and Copperstone zones remain open and indicate further expansion of gold mineralized zones along strike and dip with future drilling. Using the same target identification methodologies as for our prior programs, we expected to achieve similar results and, so far, we have.
- Wednesday December 23, 2020
Kerr Mines Announces Name Change to Arizona Gold Corp. (TSX: AZG) and Announces Results of 2020 Annual Meeting
The company believes the new name provides a fresh perspective as we now enter the next and most exciting value add phase at Copperstone. We recently concluded a project funding transaction that will allow Arizona Gold to move forward with detailed engineering and the restart of production. In addition, we are in the midst of our resource expansion drilling program with more than 6,000 meters (29 drill holes) completed with assay results pending. At the conclusion of the current drill program of up to 10,000 meters we will provide an updated mineral resource estimate in Q2-2021 that will include approximately 15,000 meters from both our 2019 and current drill programs. We fully expect that 2021 will prove an exciting year for all stakeholders with what will prove to be a most rewarding chapter for Copperstone and Arizona Gold Corp.
- Tuesday December 1, 2020
Kerr Mines Provides Corporate Update and Adds Additional Drill Rigs
We are very pleased to now be entering the next and most exciting value add phase of Copperstone’s development cycle. Our recently closed project funding transaction will now allow Kerr to move forward with detailed engineering with a targeted re-start of production in Q4-2021. Additionally, our previously funded and current 10,000 meter drilling program is well underway with three drill rigs on site. While we did face some initial delays we remain on track to provide an updated resource in Q2-2021 which will include results from our successful 5,000 meters of drilling in 2019 in addition to results from our current drilling program.
- Monday November 23, 2020
Kerr Mines and Star Royalties Close US$18 Million Project Financing for Restart of the Copperstone Gold Mine
We are excited to enter this new chapter for Kerr Mines with the closing of this first installment of the Copperstone stream financing. We look forward to working with Star Royalties to expeditiously restart operations at our flagship asset. Our focus now shifts to securing long term lead items, finalizing the process facilities to accommodate our whole ore leach approach, and sourcing underground contractors and equipment.
- Monday November 16, 2020
Kerr Mines Extends Term of Outstanding Warrants
A total of 6,846,444 of the 2018 Warrants and 3,350,000 of the 2019 Warrants are held directly or indirectly by insiders of the Company. The extension in respect of warrants held by insiders and their ability to exercise the 2018 Warrants after November 27, 2020 and the 2019 Warrants after April 15, 2020 will be subject to obtaining disinterested shareholder approval, which the Company intends to seek at the annual general and special meeting of shareholders of the Company scheduled for December 22, 2020. In the event that shareholder approval is not obtained, the 2018 Warrants held be insiders will terminate and be null and void effective November 27, 2020 and the 2019 Warrants will terminate in accordance with their original terms on April 15, 2020.
- Thursday November 12, 2020
Kerr Mines and Star Royalties Announce US$18 Million Project Financing for Restart of the Copperstone Gold Mine
This Streaming Agreement provides the required project financing to restart gold production at our Copperstone Gold Mine, which is targeted for Q4-2021. We are extremely pleased to be undertaking this financing transaction with Star Royalties, which has a seasoned team of mining professionals that will prove to be a valued partner as we advance Copperstone to production. With the extensive project evaluation undertaken by Star Royalties, we believe this streaming transaction further validates the value we have identified at Copperstone by way of our recent optimization efforts. We also note that we will be progressing the restart of operations under a whole ore leach processing scenario which will result in increased gold recoveries and production versus a floatation processing scenario.
- Tuesday October 6, 2020
Kerr Mines Inc. Webinar
Kerr Mines Inc. webinar (w/ replay), Wed., Oct. 7th, 4:05 PM EDT To register for our Kerr Mines Inc. webinar please visit the following link: REGISTER : https://www.gotostage.com/channel/15c1bb275a324de5bf865053793087c9/recording/074541dec3354d5c8e32fc4bf93dbae0/watch
- Tuesday September 29, 2020
Kerr Mines Advances Drilling at Copperstone Gold Project
Kerr Mines is currently drilling the fourth out of up to 20 drill holes for the surface drilling program with drill assays currently pending. The four holes are, by design, focused on resource expansion with two holes drilled in the recently discovered Footwall zone with the remaining two in the previously defined Copperstone zone.
- Thursday August 27, 2020
Kerr Mines 2020 Drilling & Project Update
Positive results from the Company’s 2019 successful drilling program totaling 5,000 meters have been incorporated into our planning for the second phase of resource expansion drilling of up to 10,000 meters. The second phase of resource expansion drilling has commenced with a drill contractor selected and a drill rig mobilized to the Copperstone project.
- Monday August 10, 2020
Kerr Mines Announces Closing of $5 Million Bought Deal Financing
We are extremely pleased with the strong investor demand, including from a broad base of new investors, which resulted in the upsize of the initial bought deal offering. With funding in hand, the Company will commence its 2020 resource and reserve expansion drilling program, consisting of 8,000 meters, which will expand upon a very successful drilling program in 2019. A drill contractor has been selected and a drill rig is currently being mobilized to the Copperstone project. With our recent agreement to buy-back a 3 per cent gross production royalty the Company is well positioned for the restart of production at the Copperstone gold project, subject to arranging project financing.
- Monday July 27, 2020
Kerr Mines Enters Into Agreement to Acquire a 3% Gross Production Royalty at Copperstone Gold Mine
We are extremely pleased with the ability to buy down the current royalty which will significantly enhance Copperstone’s project economics. The value to be paid will also prove of great benefit to all stakeholders moving forward as we continue our efforts to grow the resource and reserve at the Copperstone Gold Mine.
- Tuesday July 14, 2020
Kerr Mines Announces UPSIZE TO Bought Deal Offering
The Offering is expected to close on or about August 4, 2020, or such other date as may be agreed by the Underwriter and the Company (the “Closing Date”), and is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX and applicable securities regulatory authorities. The Units will be offered by way of a short form prospectus in each of the provinces of Canada, excluding Quebec.
- Monday July 13, 2020
Kerr Mines Announces C$3 Million Bought Deal Offering
The Company has agreed to grant the Underwriter an option to purchase up to an additional 3,225,000 Units at the Offering Price, exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering. The Offering is expected to close on or about August 4, 2020, or such other date as may be agreed by the Underwriter and the Company (the “Closing Date”), and is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX and applicable securities regulatory authorities. The Units will be offered by way of a short form prospectus in each of the provinces of Canada, excluding Quebec.
- Thursday April 23, 2020
KERR MINES PLANS FIRST PHASE OF 2020 DRILLING PROGRAM AT COPPERSTONE
PDF Version TORONTO, CANADA – April 23, 2020 – Kerr Mines Inc. (TSX: KER, OTC: KERMF), (“Kerr” or the “Company”) is pleased to announce its plans for the first phase of its 2020 resource and reserve expansion program which will consist of an initial 5,000 meters and up to 44 holes of both core and
- Tuesday March 24, 2020
KERR MINES CLOSES FINANCING WITH SPROTT RESOURCE LENDING
With total proceeds of CDN$3.9 million raised from the recently completed private placement and the Sprott financing in support of our short term project milestones, the Company can now pursue further expansion of its existing reserves and resources at our high grade Copperstone gold project through a targeted drill program while also testing the exploration upside of our 50 square kilometre land position. Additionally, the Company will continue to advance detailed engineering and project optimization for purposes of finalizing project funding for the re-start of commercial production at Copperstone.” Mr. Bonifacio further commented: “COVID -19 represents a significant and unprecedented challenge for many businesses. We will continue with our planned exploration activities and take steps to minimize risks to the health and safety of our employees and contractors. The Company will monitor and assess developments, including recommendations from governmental authorities, and adjust its activities accordingly.
- Saturday February 29, 2020
Kerr Mines Closes Oversubscribed Private Placement; Increases and Extends Convertible Note Financing With Sprott Resource Lending
The total proceeds from this financing inclusive of funding from Sprott Lending further endorses the Company’s short term objectives by allowing the Company to commence a targeted drilling program for purposes of resource expansion while also testing the exploration upside with defined follow up targets within the 50 square kilometre land position at Copperstone. Additionally the Company will further advance detailed engineering and project optimization for purposes of the re-start of commercial production at the Company’s high grade Copperstone gold project.
- Tuesday February 11, 2020
KERR MINES ANNOUNCES CDN$2.5 MILLION PRIVATE PLACEMENT
Each Unit will consist of one common share ( a “Common Share”) in the capital stock of the Company and one common share purchase warrant (a “Warrant”), with each Warrant entitling the holder thereof to purchase one Common Share at a price of CDN$0.21 for a period of 24 months from the closing of the Offering, provided that if, at any time the Common Shares trade on a stock exchange at a volume weighted average trading price of CDN$0.30 or greater for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th calendar day after the date on which such notice is given by the Company.
- Thursday January 23, 2020
KERR ACHIEVES MAJOR PROJECT MILESTONE WITH RECEIPT OF DECISION OF RECORD
We are extremely pleased that we are now fully permitted with modifications to our existing permits that will allow for further enhanced project economics. Receipt of the Decision of Record from the BLM is the culmination of the considerable, difficult and timely process that is not readily achieved as demonstrated by the challenges faced by several projects in our sector. Final receipt of the Decision of Record is a major project milestone which will now allow for the re-start of the Copperstone mine in the near term. Furthermore, we would like to thank the State of Arizona and the BLM for working closely and diligently with Kerr and all stakeholders to achieve this significant permitting milestone
- Wednesday January 8, 2020
KERR PROVIDES UPDATE ON RECEIPT OF FINAL PERMIT
We are extremely pleased with recent developments on the permitting front which is now nearing completion. Final receipt of the Decision of Record will prove to be a significant project milestone as it will allow Kerr to advance Copperstone to production on a basis that further enhances project economics
- Wednesday November 27, 2019
Kerr ANNOUNCES ADDITIONAL HIGH-GRADE GOLD CHANNEL SAMPLING RESULTS
Sampling results display both higher than average grades and expected continuity. Overall these results continue to support our confidence in the orebody and our ability to deliver strong cash flows when construction‐related activities and underground mining commence next year. We look forward to the continuation of positive news regarding project advancement in the coming months.
- Tuesday October 29, 2019
Kerr Mines Announces High-Grade Gold Channel Sampling Results
Following up on the recently completed first phase of successful drilling and for purposes of planning the next phase of drilling while also enhancing the current gold resource model, Kerr has commenced a chip-channel rock sampling program in underground areas proximal to the currently defined resource. Using the extensive underground access totalling over 4,300 meters of development drifts, Kerr geologists have targeted several areas where the current resource is exposed in the workings. As the sampling program continues, further results will be announced as they become available.
- Thursday October 3, 2019
Kerr Mines CORPORATE UPDATE
Positive results from the Company’s recently completed phase one drilling program totaling 5,000 meters have been incorporated into our planning for the second phase of resource expansion drilling of up to 10,000 meters. The second phase of resource expansion drilling is targeted to commence in early 2020.
- Tuesday July 9, 2019
KERR MINES DRILLS 3 METERS OF 27.45 g/t GOLD AT COPPERSTONE
TORONTO, CANADA – July 9, 2019 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, (“Kerr” or the “Company”) is pleased to announce final drilling results from this first phase of its 2019 resource expansion program at the Copperstone Mine located in Arizona, USA. Based on the recently completed drilling program the next phase of resource
- Wednesday June 5, 2019
KERR MINES DRILLS 6.1 METERS OF 15.02 g/t GOLD AT COPPERSTONE
We continue to be very encouraged with the positive drill results to date. Building off the success of the previously announced results from holes 18-21-04(16.8 meters of 40.0 g/t gold) and 18-21-06(10.7 meters of 17.5 g/t gold) our current reported drilling results as shown in “Drill Stations Close View Looking West” further confirm that results are upgrading and expanding our currently defined resources beyond the various mineralized domains with both high grades and further continuity.
- Wednesday May 1, 2019
KERR MINES DRILLS 16.8 METERS OF 40 g/t GOLD
We continue to be extremely pleased with the drilling results to date which further expand our current resource while extending mine life at the Copperstone mine. Our exploration step out holes returned significant values and are indicating higher grade and thickness than initially anticipated. We are looking forward to receiving further drill results and currently planning for follow up drilling for step-out holes 18-21-06 and 18-21-04.
- Monday April 15, 2019
KERR MINES APPOINTS BONIFACIO AS CEO AND ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Mr. Bonifacio was the Founder, President and Director of Nevada Copper since its inception in 2005 until his retirement in 2018. Over this 13-year period, he led and directed efforts at every stage of Nevada Copper’s development which included resource expansion, feasibility studies, successful permitting of both the underground and open pit deposits and the initial construction phase at the Pumpkin Hollow project located in Nevada. Pumpkin Hollow is currently targeted to commence production in Q4 2019.
- Thursday April 4, 2019
KERR MINES DRILLS 12.2 Meters of 11.7 g/t Gold at Copperstone
We are extremely pleased with the initial drilling results and performance of the program in its early stages and look forward to communicating results as they become available. These results confirm our understanding of the Copperstone gold deposit and support our confidence in expanding the resources and further extending mine life at the Copperstone Mine” stated Martin Kostuik, President.
- Tuesday February 26, 2019
Kerr Mines Achieves 97% Gold Recovery from Metallurgical Test Work
TORONTO, CANADA – February 26, 2019 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce results of advanced metallurgical testing for the Copperstone Mine located in Arizona, USA. In addition, the Company will be participating in the 2019 Prospectors and Developers Association of Canada (“PDAC”) annual
- Tuesday February 5, 2019
Kerr Mines Commences Resource Expansion Program and Receives Air Permit
TORONTO, CANADA – February 5, 2019 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce that the Phase II resource expansion program has commenced at the Copperstone Mine located in Arizona, USA. In addition, Kerr has received a key environmental permit modification and is continuing with
- Thursday January 31, 2019
Kerr Mines strengthens Board with the appointment of Giulio T. Bonifacio
TORONTO, CANADA – January 31, 2019 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is very pleased to welcome back to the Copperstone Project Giulio T. Bonifacio as a new member to the Board of Directors. Mr. Bonifacio was the Co-Founder and Director of American Bonanza Gold Corp. from
- Tuesday January 8, 2019
Kerr Mines Announces Resource Expansion Program and Provides Near Term Objectives
TORONTO, CANADA – January 8, 2019 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce that the Phase II Resource Expansion Program will begin mid- January, 2019 at the Copperstone Mine located in Arizona, USA. In addition, Kerr is progressing with environmental and operating permit modifications
- Thursday December 20, 2018
KERR MINES ANNOUNCES RESULTS OF 2018 ANNUAL MEETING
TORONTO, CANADA – December 21, 2018 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce that shareholders voted in favour of all resolutions presented in its management information circular at the annual meeting (the “Meeting”) held on December 20, 2018. A total of 58,273,657 common shares
- Wednesday November 28, 2018
Kerr Mines Closes Oversubscribed Private Placement and Convertible Note Financing from Sprott Lending
We have taken another very important step forward in the execution of our strategy and development plans for the Copperstone Gold Mine. This financing will allow the Company to commence a resource expansion program and complete key elements of progressing the Copperstone Mine back into production. As a show of confidence in the extensive work that our team has achieved to date and the belief in our project, the entire Board and our VP Projects have participated in this financing
- Friday November 9, 2018
Kerr Mines Announces $2.5 Million Private Placement
PDF Version TORONTO, CANADA – November 9, 2018 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) announces that it intends to complete a private placement offering of approximately 17,857,143 units of the Company at a price of $0.14 for gross proceeds of $2.5 million (the “Offering”). The Company will
- Tuesday November 6, 2018
Kerr Mines announces Project Financing with Sprott Private Resource Lending
PDF Version TORONTO, CANADA – November 6, 2018 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce it has received investment committee approval from and executed a term sheet with Sprott Private Resource Lending (Collector) LP (“Sprott”), setting out the indicative terms upon which Sprott is
- Monday August 20, 2018
Kerr Mines sells remaining Northern Ontario land package, bolsters shareholder value
TORONTO, CANADA – August 20, 2018 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce that the Company has divested all of its interest in the McGarry Mine and Barber-Larder Properties (collectively “McGarry”) to McGarry-Larder Mines Inc., a wholly owned subsidiary of Orefinders Resources Inc, (TSX-V:
- Wednesday July 18, 2018
Kerr Mines announces US$27.6 million project financing and makes positive production decision
“We believe the terms of this financing are competitive and create value for our shareholders. It is another key milestone that our team has achieved in just over a year since taking the helm of the Company. With this funding arrangement now in place, we are highly focused on continuing to create shareholder value and are now able to turn our attention to achieving our next targets – production in 2019, expansion of resources and mine life ” continued Ciavarella
- Wednesday May 30, 2018
Kerr Mines Strengthens Executive Team with Appointment of VP Projects and Mine General Manager
On the heels of the successful 2017 Exploration Program and the positive results of the 2018 Preliminary Feasibility Study, the addition of David to the team provides a catalyst towards the goal of full gold production by the end of 2019,” said Martin Kostuik, President Kerr Mines. “David’s accomplishments in the areas of engineering, procurement and construction management in the mining industry are second to none. David also brings an array of experience to compliment his capital project skills including permitting, financing, mine operations and business development
- Tuesday April 10, 2018
Kerr Mines Releases Highlights from Pre-Feasibility Study
The results of this PFS display the strong near-term production opportunity for the Copperstone Mine and robust returns for our investors. This is just the beginning. The impressive exploration upside displayed by the 2017 Phase I program, the historical production of over 500,000 gold ounces and the potential to generate solid positive cash flows by identifying the first four years of gold production, all point toward the opportunity of many more years, beyond the Study timeframe, of profitable production. In fact, there are 100,000 gold ounces of M&I mineral resources that were not included in the P&P mineral resources, part of which are immediately accessible for drilling and potential inclusion. Our intention is to finance the initial capital through corporate debt. We are currently engaged in discussions focused on non-dilutive financing options with several lending groups to finalize our forthcoming production decision. Furthermore, we shall continue our efforts to enhance shareholder value by pursuing other value-adding activities such as conducting an intense 2018 exploration program which is designed to increase mine life.
- Friday March 2, 2018
Kerr Mines Provides Operational and PFS Update
TORONTO, March 02, 2018 (GLOBE NEWSWIRE) — Kerr Mines Inc. (TSX:KER) (OTC:KERMF) (FRA:7AZ1) (“Kerr” or the “Company”) is pleased to announce that, following the successful 2017 Phase I exploration program in the Copperstone and Footwall zones, the Company is continuing with a 15,000 meter 2018 Phase II program with the objective to expand the mineral resource. The 2017 Phase I program confirmed significant
- Wednesday February 21, 2018
Kerr Mines Drills 7.3 Meters @ 102.7 g/t Gold and Extends Copperstone Zone Along Strike and Depth
TORONTO, CANADA – February 21, 2018 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce final results of its Phase I underground drilling program. KER-17U-50 further extends the Copperstone Zone by returning a 7.3 meter drill hole interval with 102.7 g/t gold (Au). This conclusion of
- Thursday January 25, 2018
Kerr Mines Comments on Market Activity
TORONTO, Jan 25th, 2018 at 12:00PM” title = “Thursday Jan 25th, 2018 at 12:00PM”>Jan. 25, 2018 (GLOBE NEWSWIRE) — Kerr Mines Inc. (TSX:KER) (OTC:KERMF) (FRA:7AZ1) (“Kerr” or the “Company”) wishes to comment on the unusual market activity and volatility in the trading of the Company’s securities over the past number of days. Although it is the Company’s policy to
- Monday January 15, 2018
Kerr Mines 255% increase in mineralized extents of Footwall Zone
TORONTO, CANADA – January 17, 2018 – Kerr Mines Inc. (TSX: KER, OTC: KERMF, FRA: 7AZ1) (“Kerr” or the “Company”) is pleased to announce further results of its Phase I surface drilling program. KER-17S-21 further extends the Footwall Zone by returning a 36.6 meter drill hole interval with 7.5 g/t gold (Au) and 0.26% copper