E2Gold Stock Price, News & Analysis

E2Gold Inc. (ETUGF) announced promising soil results from new exploration at Grid 3, indicating a potential expansion of the McKinnon Zone's strike length by 4 km. The findings support the viability of multiple new gold targets, including discoveries south of the McKinnon Zone trend. The McKinnon Zone currently hosts an Inferred Resource of 328,000 ounces of gold, and the company plans drilling in 2023 to further investigate these targets. The results suggest a correlation with pathfinder elements similar to the nearby Hemlo deposit, bolstering the area’s exploration potential.

E2Gold Inc. (OTCQB:ETUGF) announced the issuance of 923,332 common shares at a deemed price of $0.04 per share to directors, settling a debt of $36,933.28. CEO Dr. Eric Owens emphasized the board's engagement and support. Additionally, 400,000 stock options were granted to a director at $0.05, vesting immediately for three years. The issuance requires approval from the TSX Venture Exchange and is subject to a hold period of over four months. E2Gold focuses on gold exploration, particularly at its Hawkins Gold Project, boasting an inferred resource of 6.2 million tonnes grading 1.65 g/t Au.

E2Gold Inc. (OTCQB:ETUGF) announced promising results from its initial seven drill holes at the Band-Ore gold project, located 80 km west of Thunder Bay, Ontario. The drilling revealed high gold grades, including a notable 34 g/t over 0.5 m at the Main Zone and a broad interval of 56 m grading 0.53 g/t at the No. 4 Zone. CEO Eric Owens expressed optimism about the potential for further growth based on these findings, which confirm extensive gold distribution across the property. The historical resource estimates indicate significant past gold discoveries, highlighting the project's potential.

E2Gold Inc. (OTCQB:ETUGF) is advancing its exploration activities on gold and base metal targets across its Hawkins Gold Project in Ontario. The plans for 2023 include drilling in the Central Hawkins Corridor, focusing on the McKinnon Zone, where an inferred resource of 6.2 million tonnes at 1.65 g/t gold exists. The company aims to clarify structural controls affecting gold grades and identify mineable widths. The exploration also extends to other promising areas like Goldfields and Dubroy, with significant soil and IP surveys scheduled.

E2Gold Inc. (OTCQB:ETUGF) announced the appointment of Peter Bojtos to its Board of Directors, enhancing its mining expertise. The company reported promising results from its fall prospecting program at the Band-Ore Project, revealing high-grade gold samples up to 23.60 g/t over a 6 km area west of the Main Zone. Assay results remain pending from the drill program that tested the Main Zone and No. 4 Zone, which historically housed over 250,000 ounces of gold. E2Gold aims to refine future drill targets based on ongoing analyzes.

E2Gold Inc. (OTCQB:ETUGF) announced promising results from its summer sampling program at the Band-Ore project near Thunder Bay. Notable findings include 51.4 g/t Au over 1 m and 6.29 g/t Au over 2.85 m in trenches. The company completed a 1,000 m drill program with assays pending. The Main Zone and No. 4 Zone previously hosted historic resources of 706,000t @ 6.86g/t Au and 616,000t @ 4.84g/t Au, respectively. CEO Eric Owens expressed optimism about the ongoing exploration and mineralization potential.

E2Gold Inc. (OTCQB:ETUGF) has commenced its inaugural drilling program at the historic Band-Ore gold project, located in northwestern Ontario. This program targets the Main Zone and No. 4 Zone, which host significant historic resources (706,000t @ 6.86g/t Au and 616,000t @ 4.84g/t, respectively). The company is planning additional surface prospecting this fall to identify new targets. E2Gold's strategic property optioning involves a minimal upfront payment of $150,000, allowing thorough assessment for potential deposit growth.

E2Gold announces significant management changes, appointing Carmelo Marrelli as the new Chief Financial Officer and Jeff Pritchard to the Board of Directors, enhancing its corporate governance. Marrelli brings over 20 years of financial expertise, while Pritchard has over 25 years of mining industry experience, including the successful development of the El Chanate Gold Mine. The company is also progressing on its exploration activities at the Hawkins property and preparing for its first drill program at the Band-Ore Property, expected to start later this summer.

E2Gold Inc. (ETUGF) has successfully closed a private placement, raising gross proceeds of $2,531,216. The offering involved the issuance of 14,383,331 units at $0.06 each, along with flow-through units and special flow-through units. Notably, Kinross Gold's investment validates E2Gold's project activities. Funds will be allocated to Canadian exploration expenses for the Hawkins Gold project and other initiatives. Insiders acquired 3,816,665 units in the offering. E2Gold also issued 3,333,333 shares to fulfill obligations under an option agreement for its Hawkins Gold property.