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Mojave Gold Corp. (CSE:MOJ, OTCBB:MOJGF) has updated its option agreement with Minerales De Tarachi S. de R.L. de C.V. to earn a 100% interest in the Benjamin Hill mineral concession in Sonora, Mexico. The agreement includes financial payments totaling $3,575,000 (U.S.) over five years and issuance of 2,000,000 common shares. Recent high-grade samples have shown gold grades up to 16.2g/t, indicating promising mineralization in the Caborca gold belt. The property covers 400 hectares and is strategically located near existing infrastructure.
Mojave Gold Corp. has appointed Cole McClay as its new Director and CEO, succeeding Greg Bronson, who will now serve as President and Director. McClay brings over 10 years of senior management experience and has a proven track record in raising venture capital and operational consulting across various sectors including mining. He aims to leverage the Company's strategic land portfolio in Mexico to enhance its position in the natural resource industry. The transition highlights a shift in leadership focused on growth and strategic development.
Mojave Gold Corp. (CSE: MOJ, OTCBB: MOJGF) announced on February 25, 2021, that it has entered into stock option agreements permitting the purchase of 2,700,000 common shares at a price of $0.59 per share. These options can be exercised in whole or in part until February 25, 2026. The announcement emphasizes the company’s efforts towards capitalizing on its mineral properties while navigating various risks inherent in forward-looking statements.
Mojave Gold Corp. has updated its previous announcement regarding a non-brokered private placement. The company will now offer up to 6,000,000 units at $0.50 per unit, raising up to CA $3.0 million, rather than the 3,000,000 units initially stated. Each unit includes one common share and one-half warrant, with warrants exercisable at $0.88 for 24 months. Proceeds will be used for project development in Mexico and general corporate purposes.
Mojave Gold Corp. (MOJGF) announced significant assay results from its Sonora Gold Project following geological mapping and sampling in December and January. Key findings include an expanded strike length of mineralized structures exceeding original estimates, with the Sonora Copper West Structure extending over 8.5 kilometers and widths often surpassing 70 meters. Plans for further exploration of underground workings and a non-brokered private placement for CA $1.5 million to support project development were also revealed.
Mojave Gold Corp. (TSXV:MOJ, OTCBB:MOJGF) has lifted the management cease trade order (MCTO) effective February 18, 2021, following the completion of all required filings with the British Columbia Securities Commission. Additionally, the Company announced stock option agreements allowing the purchase of 2,700,000 common shares at $0.42 per share, exercisable until February 18, 2026. This development signifies a positive step for the Company's governance and future capital structure.
MOJAVE GOLD CORP. (CSE: MOJ) has defaulted on its obligation to file interim financial statements for the period ending November 30, 2020, due January 29, 2021. As a result, a Management Cease Trade Order was issued on December 30, 2020, limiting trading for certain insiders. The Company plans to comply with the alternative information guidelines specified under National Policy 12–203 by issuing bi-weekly Default Status Reports until the required filings are made. There are no material changes in the default announcement, and no further defaults are anticipated.
