Welcome to our dedicated page for Gold Finder Resources news (Ticker: NCMBF), a resource for investors and traders seeking the latest updates and insights on Gold Finder Resources stock.
The NCMBF news page follows announcements and disclosures related to Gold Finder Resources Ltd., a mineral exploration company focused on discovery-stage properties. Company news releases consistently describe a strategy of adding value by defining or redefining exploration opportunities, maintaining ownership control during the discovery phase, and then sourcing a well-financed partner to accelerate discovery, resource definition, and development.
Readers can expect news items covering exploration activity at key projects such as the 100%-owned West Madsen gold property in Ontario’s Red Lake Gold District and the 100%-owned Slate Falls gold-silver property. Recent releases have detailed drilling campaigns at West Madsen, including objectives such as following up on earlier holes, testing intrusive bodies along strike, and investigating structural targets interpreted from geophysics. Updates have also described geological observations, assay results, and the identification of contacts and rock units that are important for gold mineralization.
Other news topics include corporate developments such as the company’s name change from GoldON Resources Ltd. to Gold Finder Resources Ltd., management and board changes, and non-brokered private placement financings intended to fund exploration work and general working capital. Capital markets updates also feature prominently, including the company’s continued listing on the TSX Venture Exchange under the symbol GLD and its approval to trade on the OTCQB Venture Market in the United States under the symbol GLDFF.
For investors and followers of early-stage mineral exploration, this news feed provides a consolidated view of Gold Finder’s exploration progress, corporate actions, and trading market developments associated with the NCMBF-linked issuer.
GoldON Resources (TSXV: GLD) has successfully closed a non-brokered private placement financing, raising $522,000 in gross proceeds. The offering consisted of 4,350,000 flow-through shares, priced at $0.12 per share. All shares issued are subject to a hold period expiring on December 17, 2024.
The proceeds will be used to fund the next phase of drilling at GoldON's 100%-owned West Madsen Gold Property, located in Ontario's Red Lake Gold Camp. This strategic move aims to advance exploration efforts in one of Canada's premier gold mining districts.
GoldON Resources (TSXV: GLD) has deployed a field crew from Emerald Geological Services for prospecting and drill hole orientation at its West Madsen gold property in Red Lake, Ontario. The property, spanning 5,988 hectares, borders the Madsen gold mine and mill complex owned by West Red Lake Gold Mines.
The fieldwork includes detailed geological mapping to test structural features identified by an airborne geophysical survey conducted in 2017 by Great Bear Resources. The focus area is adjacent to drill hole WM-21-22, which in 2021 intersected a broadly mineralized granodiorite unit, yielding 194.9 meters of 0.158 grams per tonne gold.
The geological mapping aims to determine the optimal drilling orientation and assess the suitability of potential drill collar locations. The technical details of this initiative have been reviewed and approved by Mike Kilbourne, P.Geo., a qualified person under NI 43-101 standards.
GoldON Resources (TSXV: GLD) has appointed Andrea Diakow, P.Geo., as the technical advisor for its West Madsen Gold Project in Red Lake, Ontario. Andrea brings over 15 years of mineral exploration experience, including significant contributions to the Dixie Project's success. Her role will focus on exploration studies and target development. The West Madsen project is strategically located 5 km from the Madsen gold mine and mill complex, owned by West Red Lake Gold Mines. Andrea's expertise is expected to enhance the project's exploration potential and development strategy.
GoldON Resources reported engaging Orix Geoscience for data compilation and interpretation to prepare for drilling at its West Madsen gold property in Red Lake, Ontario. The property, covering 5,988 hectares, includes two claim blocks, with current efforts focused on Block A, proximal to the Madsen mine. The objective is to explore the gold mineralization potential within felsic rocks of the Confederation Assemblage, inspired by Great Bear Resources' findings at the Dixie property. Orix will conduct GIS data compilation and review geophysical interpretations to identify targets for the next drilling phase.
GoldON Resources (TSXV: GLD) has successfully completed a non-brokered private placement financing, raising $400,000 through the issuance of 8,000,000 non-flow-through units priced at $0.05 each. Each unit includes one common share and one share purchase warrant, allowing the holder to buy an additional share at $0.10 within two years. The funds will be used for the West Madsen Gold Property and general working capital needs.
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