Walker Lane Resources Ltd Stock Price, News & Analysis

CMC Metals Ltd. announces promising preliminary exploration results at its Rodney Pond property in Central Newfoundland, indicating a large area of mineralization. The property features parallel quartz veins in a 2.5 km by 1.2 km alteration zone, with potential for significant polymetallic deposits. Notable assays include 322 ppb gold, 27.2 g/t silver, and 7% copper. Further exploration, including drone surveys and geological mapping, is recommended. Insider participation in a recent private placement totaled $49,000, considered a related party transaction.

CMC Metals Ltd. has identified significant targets on its Silverknife property following a recent geophysical study by Intelligent Exploration. The analysis revealed six potential targets, with three newly discovered anomalies in the property's northwestern section and three others near existing geochemical anomalies in the south-central section. The prospects are linked to the nearby Silvertip Mine, known for its high-grade silver-lead-zinc deposits. The company is planning further exploration activities in the summer of 2022 to assess these new findings.

CMC Metals Ltd. has mobilized advance field crews for exploration projects in Newfoundland and is preparing to reopen access to the Silver Hart property in Yukon. The company announced the appointment of Brigido Campillo as Chief Geologist, bringing over 25 years of experience in mineral exploration. An aggressive exploration program is underway focusing on geological mapping and prospecting in Newfoundland, followed by advanced efforts at Silver Hart aimed at resource expansion. Key permits for exploration have been filed, ensuring compliance with regulatory requirements.

CMC Metals Ltd. announces the appointment of Douglas Coleman to its Board of Directors. With over 30 years in the mineral sector, particularly in Mexico, he brings valuable expertise to the company's exploration efforts in Yukon and British Columbia. Coleman, who is currently the co-founder and CEO of Mexico Mining Center, will enhance CMC's geological and engineering capabilities. As part of his appointment, CMC granted him 300,000 stock options exercisable at $0.21 for five years. This strategic move aims to strengthen the company's leadership in advancing its polymetallic projects.

CMC Metals Ltd. announced the closure of a non-brokered private placement, raising C$3,151,780.18 from the sale of 13,761,998 non-flow-through units and 6,396,944 flow-through units. Each unit consists of one common share and half a share purchase warrant, with warrants exercisable at C$0.20 before April 19, 2024. The funds will support exploration at the Company’s silver-lead-zinc properties in Yukon and British Columbia. Key investors included Crescat Precious Metals and Sprott Asset Management.

CMC Metals Ltd. has announced an increase in its non-brokered private placement from C$2,120,000 to C$3,100,000 due to high investor demand. The placement involves flow-through units priced at C$0.17 and non-flow-through units at C$0.15, with total gross proceeds of up to C$3,100,000. Proceeds will fund exploration activities in the Rancheria Silver District and at the Silver Hart Project. The offering is set to close in mid-April 2022, pending regulatory approval.

CMC Metals Ltd. has signed a contract with Hardrock Diamond Drilling Ltd. for up to 5,000 meters of drilling at its flagship Silver Hart Project in Yukon, targeting high-grade silver-lead-zinc carbonate replacement deposits. Chairman John Bossio expressed satisfaction with this contract, highlighting its importance to their 2022 exploration program. The project aims to assess the potential of multiple polymetallic deposits, including the Silver Hart Deposit and others in Yukon and Newfoundland. The company emphasizes transparency and integrity in reporting technical data.

CMC Metals Ltd. announces a proposed non-brokered private placement to sell up to 8,500,000 flow-through units and 4,500,000 non-flow-through units for total gross proceeds of up to C$2,120,000. The flow-through units are priced at C$0.17 each, while non-flow-through units are priced at C$0.15. Proceeds will fund exploration activities at its silver-lead-zinc properties in Yukon and British Columbia, with a focus on the Silver Hart Project. The offering remains subject to regulatory approvals and customary closing conditions.