Welcome to our dedicated page for Walker Lane Resources news (Ticker: CMCXF), a resource for investors and traders seeking the latest updates and insights on Walker Lane Resources stock.
News for Walker Lane Resources Ltd. (CMCXF) centers on its activities as a growth-stage exploration company focused on high-grade gold, silver and polymetallic deposits. Recent public disclosure describes the company’s exploration focus in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon and British Columbia, as well as other mineral property assets in Yukon and Newfoundland and Labrador.
Investors following CMCXF news can expect updates on exploration programs, including plans for aggressive drilling at projects such as Tule Canyon in Nevada and the Amy project in British Columbia. Company communications also discuss the broader portfolio of mineral property assets, including properties associated with silver-lead-zinc and polymetallic mineralization in the Rancheria Silver District and precious-metal-bearing projects in other Canadian jurisdictions.
Corporate news may also include information on property acquisitions or assumptions of mineral assets, references to interests in properties historically linked to CMC Metals Ltd., and updates on agreements related to the Bishop gold processing mill in California and shareholdings in North Bay Resources Inc. These items provide context on how Walker Lane Resources describes the composition of its asset base.
Because the company is at the exploration stage, news often contains forward-looking statements about planned work programs, drilling objectives, technical studies and permitting activities. Readers of CMCXF news can use this page to review how the company presents its exploration priorities, geographic focus and risk considerations over time. Bookmarking this news feed can help track changes in the company’s exploration plans and the evolution of its mineral property portfolio as disclosed in its own announcements.
CMC Metals Ltd. has mobilized field crews for the largest drill program at the Silver Hart Property, Yukon, with plans for 5,000 meters of drilling. Improvements to the camp are underway, and exploration will also take place in British Columbia. Recent snow and flooding have impacted access but efforts to reopen roads are progressing. The company appointed Jesus Costra Mora as Senior Geologist, bringing over 30 years of experience, to enhance exploration capabilities. The program aims to enhance shareholder value amid a challenging environment.
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.
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