Welcome to our dedicated page for Route 109 Resources news (Ticker: MRIRF), a resource for investors and traders seeking the latest updates and insights on Route 109 Resources stock.
Route 109 Resources Inc. (MRIRF) is a junior mining exploration company focused on advancing gold and base metal projects in Quebec's Abitibi greenstone belt. This news hub provides investors and industry observers with comprehensive updates on the company's exploration programs, regulatory developments, and strategic initiatives.
Access authoritative updates including drilling results, resource estimates, and project milestones. Our curated collection ensures you stay informed about critical developments in electromagnetic surveys, geochemical analysis, and exploration permit progress.
Key updates cover quarterly exploration reports, partnership announcements, NI 43-101 technical disclosures, and corporate governance changes. All content is vetted for compliance with Canadian mining disclosure standards.
Bookmark this page for direct access to MRIRF's official communications. Combine regular monitoring with geological reports for complete analysis of the company's Quebec-based exploration activities.
Route 109 Resources (TSXV: RTE) (OTCQB: MRIRF) has initiated a 3,000 to 4,000 m drill program at its Dunlop Bay project, targeting both Volcanic Massive Sulphide (VMS) and gold mineralization. The winter exploration program includes an electromagnetic borehole survey to model additional conductive plates for new VMS discoveries.
The program will test the Dunlop Bay North historical VMS showing, where previous drilling revealed zinc-copper mineralization, including intersections of 6.55 m at 1.08% Zn and 0.18% Cu, and 4.57 m at 1.15% Zn and 0.11% Cu. Additionally, the program aims to extend the Dunlop Bay West Cu-Au-Mo-Ag showing, which historically returned 18.29 m at 1.24% Cu, 1.32 g/t Au, 1032 ppm MoS2, and 14.36 g/t Ag.
The program will also explore the area around trench NW-2, which showed significant surface gold assays that expanded the Marcelle-Edith gold trend to 2.5 km by 500 m.
Route 109 Resources announced the results of its 2024 Annual General Meeting held on October 31, 2024. Shareholders approved all management resolutions outlined in the Company's Notice of Meeting and Management Information Circular from September 26, 2024. Robert Pryde, Wanda Cutler, and Verlee Webb were re-elected as directors. Marc Bustin and Jeremi Fournier did not seek re-election as directors.
BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00) has announced a name change to Route 109 Resources Inc., effective October 4, 2024. The company's trading symbol will change from 'BMEX' to 'RTE' on the Effective Date, with new CUSIP and ISIN numbers. This change does not affect shareholders' rights, and no action is required from shareholders. Issued securities will remain valid without the need for exchange.
The company also disclosed that an insider acquired 170,000 units in a recent private placement, constituting a related party transaction. BMEX relied on exemptions from valuation and shareholder approval requirements as per Multilateral Instrument 61-101.
BMEX Gold Inc. is initiating a non-brokered private placement financing, aiming to raise up to $1,250,000 through the sale of flow-through and non-flow-through units. Each unit will include a common share and a warrant. The proceeds will be used for exploring the Dunlop Bay project in Quebec and general working capital. The Offering is subject to regulatory approvals and does not involve US securities.
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