Big Ridge Gold Corp. Stock Price, News & Analysis

Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) announces its reliance on CSA Coordinated Blanket Order 51-931 for exemption from sending proxy-related materials for its upcoming Annual General Meeting on December 23, 2024. This decision comes due to the ongoing Canadian Union of Postal Workers strike that began November 15, 2024.

Meeting materials are available on SEDAR+ and the company's website. Shareholders can access materials online or contact CFO Jim Kirke for electronic copies. The meeting will vote on: setting five directors, electing directors, and appointing Davidson & Company LLP as auditors.

Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has entered into a binding Option Agreement with Caprock Mining Corp for its Destiny gold property in Quebec. Under the agreement, Caprock can earn 100% interest through:

• 8,000,000 common shares issuance by April 2, 2025
• Staged cash payments totaling $750,000
• Share issuances worth $1.3 million
• Exploration expenditures of $1.95 million over three years

Big Ridge will retain a 1% net smelter return royalty, which Caprock can buy back for $1.0 million. The property is located 75km northeast of Val d'Or, Quebec.

Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) has announced that due to the ongoing Canadian postal strike, materials for its upcoming Annual General Meeting on December 23, 2024, are available on www.sedarplus.ca and the company's website. Shareholders can access materials online or contact the CFO for electronic copies. The company's transfer agent, Computershare, will email voting instructions to registered shareholders. Both Non-Objecting and Objecting Beneficial Shareholders can obtain voting materials through specified channels. Additionally, the company announced that Board Chair Dr. Bill Williams will not seek re-election.

Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) has provided an update on its exploration activities at the Hope Brook Gold Project (HBGP) in Southern Newfoundland. The company is continuing its systematic exploration program along highly prospective gold-bearing structures southwest of the Main and 240 Zones. Key points include:

1. Geophysical interpretation of 2023 surveys, including walking magnetometer and DC Induced Polarization surveys.

2. Identification of parallel high chargeability anomalies correlating with the Hope Brook Main Deposit and 240 Zone.

3. Field reconnaissance work in July and August 2024, focusing on the Chetwynd Prospect area.

4. Preparation for a 2025 drill program, with ongoing exploration in the Hope Brook Deformation Zone.

The company aims to define robust drill targets for 2025, focusing on a 5 km section of the Cinq Cerfs Deformation Zone.

Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has provided an update on ongoing studies at the Hope Brook Gold Project (HBGP) in Newfoundland and Labrador. Key highlights include:

1. Completion of environmental baseline fieldwork in July to support Project Registration preparation.

2. Shipment of samples for an Ore Sorting Study to Saskatchewan Research Council (SRC).

The company expects to complete environmental baseline and ore sorting studies in Q4 2024, adding significant value to the upcoming Preliminary Economic Assessment. Environmental survey work builds on previous studies, evaluating the natural environment and current brownfield mine site condition. Ore sorting tests aim to separate 'zero grade' lithologies from mineralized ones, potentially improving mining efficiency. Additionally, SRC will conduct a gold deportment study to assess gold and copper distribution in the mineralization.

Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) has entered into a non-binding Letter of Intent (LOI) with Caprock Mining Corp. (CSE: CAPR) for the option of its 100% owned Destiny gold property in Quebec. The proposed terms include:

1. Caprock to issue 8,000,000 common shares on closing
2. Cash payments totaling $750,000 over three years
3. Share issuances worth $1,300,000 over three years
4. Exploration expenditures of $2,450,000
5. Big Ridge to retain a 1% NSR with a $1.0 million buy-back right

The agreement is subject to a definitive option agreement. Big Ridge's CEO, Mike Bandrowski, expressed excitement about the potential of the Destiny Gold Project and the timing given the recent gold price movement.

Big Ridge Gold Corp (TSXV: BRAU) (OTCQB: ALVLF) has closed a non-brokered private placement of 30,000,000 common shares at $0.05 per share, raising $1,500,000 in gross proceeds. The funds will be used for exploration and development of the Hope Brook Gold Project and general working capital. Notably, Michael Gentile has increased his holdings to 9.9% of the company, acquiring 12.6 million shares over the last six months. The company's market capitalization is currently $11 million. Big Ridge aims to capitalize on the strong gold price environment with the Hope Brook project, which offers regional infrastructure synergies and significant exploration potential. The company also announced the resignation of James Maxwell as a director.

Big Ridge Gold Corp. has announced its 2024 work program for the Hope Brook Gold Project in Newfoundland and Labrador. Key activities include mobilizing the team in mid-July, completing environmental baseline work, continuing ore sorting studies, and reconnaissance work for future drilling plans. Environmental studies will build on previous data to prepare for Project Registration, while ore sorting tests will assess the separation of non-mineralized rock. Preparations for a 2025 drill program will follow results from 2023 surveys. The work aims to support a Preliminary Economic Assessment and explore potential resource growth.

Big Ridge Gold Corp. (TSXV: BRAU, OTCQB: ALVLF) announced the grant of incentive stock options and share-based compensation to officers and non-executive directors effective July 1, 2024.

The company awarded 1.5 million options to its officers under their Amended and Restated Option Plan, exercisable at $0.06 per share and expiring on July 1, 2029.

Additionally, 150,000 Restricted Share Units (RSUs) were awarded to officers, vesting in equal tranches from 2025 to 2027.

Furthermore, 1.8 million Deferred Share Units (DSUs) were awarded to directors, vesting immediately under the company's cash-based DSU Plan.