Welcome to our dedicated page for Big Ridge Gold news (Ticker: ALVLF), a resource for investors and traders seeking the latest updates and insights on Big Ridge Gold stock.
Big Ridge Gold Corp. (ALVLF) provides investors with comprehensive updates on its advanced-stage gold exploration projects across Canada. This dedicated news hub aggregates official press releases, operational milestones, and strategic developments from the company’s key assets including the Hope Brook (Newfoundland), Oxford (Manitoba), and Destiny (Quebec) projects.
Key features include: Timely updates on resource estimates, exploration program results, and partnership announcements. Investors gain direct access to verified information about drilling campaigns, technical studies, and corporate transactions – all essential for informed decision-making.
Content highlights: Project-specific progress reports, NI 43-101 compliant technical disclosures, environmental assessments, and management commentary. The curated collection serves both active traders monitoring short-term developments and long-term investors tracking strategic growth.
Bookmark this page for streamlined access to ALVLF’s latest corporate communications. Combine these primary sources with market analysis tools for complete due diligence on this Canadian gold exploration specialist.
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.
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