Welcome to our dedicated page for Leviathan Gold news (Ticker: LVXFF), a resource for investors and traders seeking the latest updates and insights on Leviathan Gold stock.
Leviathan Gold (LVXFF) specializes in advanced gold exploration through geological surveys and strategic partnerships. This page aggregates official announcements, technical updates, and operational developments for investors and industry observers.
Access timely updates on exploration progress, including detailed analyses using MGA2020 mapping systems and directional surveying methods. Track material events such as option agreements, resource assessments, and partnership milestones that shape the company's trajectory.
Key content includes earnings reports, project acquisitions, joint venture announcements, and technology implementation updates. All information is sourced directly from company communications to ensure accuracy and compliance with disclosure standards.
Bookmark this page for streamlined access to LVXFF's latest developments. Regularly updated to reflect new announcements, it serves as your primary resource for understanding the company's exploration initiatives and market position.
Leviathan Gold (LVXFF) has initiated its first phase of shallow mechanical trenching at the Foča Project in Bosnia and Herzegovina, following successful completion of an induced polarization survey at the Vrela Prospect. The survey, covering 1,900 metres of line data, revealed a significant chargeable feature 75-100 metres wide across two survey lines, coinciding with an ENE-WSW trending fault system.
The target area is located upslope from high-grade silver, lead, and zinc float samples collected in 2024, with zinc and lead anomalism in soil samples extending along a 2-kilometre trend. The fault system is believed to be a conduit for Mississippi Valley Type or SEDEX mineralization. The company plans to expand geophysical survey coverage along the Vrela structure to investigate a potentially broader mineralizing system.
Additionally, Leviathan has secured the renewal of its 100%-owned Marevo Exploration License from the Ministry of Energy and Mines of Republika Srpska.
Michael Gentile has announced the acquisition of 5,250,000 units of Leviathan Gold (LVXFF) through a non-brokered private placement. Each unit consists of one common share and one-half of one Common Share purchase warrant. The warrants allow holders to acquire additional shares at $0.15 per share within 24 months of issuance.
Following the acquisition, Gentile now owns 5,250,000 Common Shares and 2,625,000 Warrants, representing approximately 8.549% of the company's outstanding shares on an undiluted basis and 12.29% on a partially diluted basis. Prior to this transaction, Gentile held no securities in the company.
The investment is described as long-term, with Gentile indicating potential future transactions depending on market conditions and other factors.
Leviathan Gold (LVXFF) has successfully closed a non-brokered private placement, raising $3.25 million through the sale of 32.5 million units at $0.10 per unit. Each unit includes one common share and half a warrant, with warrants exercisable at $0.15 until April 2027.
Notable strategic mining investor Michael Gentile has joined as a significant shareholder, acquiring 5.25 million shares and 2.625 million warrants, representing 8.54% ownership (non-diluted) and 12.29% (partially diluted). The proceeds will primarily fund exploration in Australia and Bosnia, particularly the Foča project, where historic drilling showed promising results of 15 metres at 13.25% Pb+Zn, with recent rock chip sampling yielding up to 347 g/t Ag, 10.1% Pb and 40% Zn.
Leviathan Gold (LVX – TSXV, 0GP – Germany) has announced the completion of its acquisition of Foca Metals Corp. (FMC) through a share exchange agreement dated November 22, 2024. The acquisition gives Leviathan a 100% indirect interest in the Foča Project, a mineral exploration land package located in Republika Srpska, Bosnia and Herzegovina.
The transaction was executed through the issuance of 9,000,000 common shares of Leviathan to FMC shareholders at a deemed price of $0.0525 per share. Following the acquisition, FMC has become a wholly owned subsidiary of Leviathan Gold.
Leviathan Gold (LVXFF) has announced progress in targeting and permitting activities at its Queen's Birthday project in Victoria, Australia. The company has identified several high-priority exploration targets, including:
1. Whites Patch: An area with historic large nugget discoveries, potentially indicating near-surface mineralized structures.
2. Potential extensions to historic high-grade stopes at the Queen's Birthday Mine, with possible southward continuation of mineralization over 400 meters of strike.
3. Potential repeats of mineralization at depth due to subhorizontal transfer structures.
The company has submitted a Work Plan for a drilling program at Whites Patch and is exploring diamond drilling options for other targets. The Queen's Birthday project covers 19 square kilometers and historically produced 118,000 ounces of gold at 19.1 g/t Au.
Leviathan Gold (LVXFF) has announced results from Phase 2 diamond drilling at its Excelsior Prospect in Victoria, Australia. Core Prospecting Pty has completed 640.85 meters of drilling over 5 holes, with highlights including:
- 0.41 meters at 6.3 g/t Au in hole EH030
- 1.62 meters at 5.3 g/t Au in hole EH031
- 0.27 meters at 14.5 g/t Au in hole EH031
The ongoing 4,000-meter drilling program, costing approximately CAD$950,000, aims to test the north-easterly continuation of high-grade mineralization identified in previous phases. The results validate Core's targeting model and suggest potential for north-eastward strike extensions to gold mineralization at the property.
Leviathan Gold, in partnership with Core Prospecting Pty , has received high-grade assay results from the initial phase of diamond drilling at the Excelsior Prospect. Highlights include 4.85 meters at 9.0 g/t Au in hole EH014, 3.13 meters at 56.9 g/t Au in hole EH017, and 12.68 meters at 9.2 g/t Au in hole EH029. A total of 1964.65 meters of drilling over 16 holes was completed. The drilling identifies a mineralized dilational zone that remains open along strike and depth, indicating further potential.
As part of the Heads of Agreement with Core Prospecting, Leviathan has been notified of the commencement of a second phase of drilling. Core Prospecting has earned a 40% interest in a New Tenement by completing the initial phase of drilling. This achievement offers Leviathan the opportunity to define a significant high-grade gold deposit.
Leviathan Gold Ltd. (TSXV: LVX) announced promising results from its drilling program at the historic Leviathan Mine, confirming mineralization continuity and potential for further ore shoots. Highlights included intervals of 7.10 meters at 3.05 g/t in hole 21LEV002, 4.20 meters at 4.75 g/t in hole 21LEV004, and notable results from holes 21LEV005 and 21LEV006. This initial phase involved 1891 meters across eight holes, all encountering mineralization. The company plans further drilling to explore additional targets once land access is secured.
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