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Four Nines Gold (CSE:FNAU, OTC:FNAUF) closed a non-brokered private placement of 12,283,877 units, raising gross proceeds of CAD $4,299,356.95 at $0.35 per unit.
Each unit includes one share and half a warrant, exercisable at $0.60 for two years. Funds will advance the Hayden Hill gold-silver project and support working capital. Securities carry a four-month-plus-one-day hold; no finder’s fees were paid.
Four Nines Gold (CSE:FNAU)(OTC:FNAUF) has partnered with Senergy Communications Capital for digital marketing services. The two-month contract, starting October 25, 2024, aims to increase awareness of the company and its Hayden Hill project. The agreement costs $90,000 plus GST and may be extended by mutual consent. Hayden Hill, a former producing mine in Northern California, has seen 99,862 meters of drilling across 742 holes but no systematic exploration since 1997. Four Nines has the right to acquire 100% of the mine from a Kinross Gold USA subsidiary.
Four Nines Gold has reported new assay results from its Hayden Hill Property surface mapping and sampling program, achieving a highest grade of 45.4 g/t. This supports their hypothesis of high-grade low-sulfidation mineralization. The 3D modeling has refined drill targets, showcasing gold in three primary and two secondary zones over 1.3 square kilometers. Historical data, combined with modern techniques, highlights significant untapped potential since the last drilling in 1997. The highest assay came from the Nose Zone, with multiple high-grade samples identified, reinforcing the geologically strategic targets for drilling. All assays are analyzed following rigorous QA/QC protocols, confirming their quality.
Highlights include 123 new assays with twenty samples above 10 g/t Au and fifty above 3 g/t Au. The modeling and sampling efforts have identified high-probability exploration targets, advancing Four Nines’ exploration efforts.
Four Nines Gold announced an updated corporate presentation, highlighting recent 3D modeling results of the Hayden Hill mineralization. Key findings include the integration of historical exploration and production data with current surface sample results, revealing that gold mineralization extends beneath existing pit structures. The models also indicate epithermal veins at the core of many mineralized zones and suggest potential for vertical and horizontal expansion. CEO Charles Ross emphasized the structural control of mineralization and affirmed the drill targets for the upcoming Phase 1 drill program. The company aims to explore and develop the Hayden Hill Mine in Northern California, a former producer lacking systematic exploration since 1997.
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