Big Ridge Gold Corp reports exploration and development updates for its Canadian gold project portfolio. The company owns a 100% interest in the Hope Brook Gold Project in Newfoundland and Labrador, along with the Oxford Gold Project in Manitoba and the Destiny Gold Project in Quebec.
Recurring news for ALVLF includes Hope Brook work programs, geotechnical and hydrogeological drilling, infill and exploration drilling, metallurgical testing, preliminary economic assessment activity, project ownership updates, partner activity at Destiny, warrant exercises, option and share-based compensation grants, and shareholder-meeting results.
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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