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Winston Gold Corp. (OTCQB: WGMCF) reported positive results from its underground drilling at the Winston Gold Project in Montana. Drill hole W123 intersected 1.408 oz/ton gold over 5 ft, with a 2 ft interval averaging 3.479 oz/ton. Another hole, W126, encountered 0.983 oz/ton gold over 2 ft, including a 3.916 oz/ton segment. These high-grade intersections suggest significant mineralization potential, enhancing the continuity of the Parallel vein system. The company emphasizes the exploration success has exceeded expectations, fueling optimism for future mining operations.
Winston Gold Corp. (CSE:WGC)(OTCQB:WGMCF) has issued 6,100,000 stock options to its directors, officers, and consultants. These options have an exercise price of $0.18 and will expire on October 27, 2025. Winston Gold is focused on developing low-cost, high-grade mining opportunities, particularly its underexplored gold/silver project near Helena, Montana. This stock option grant may align interests between the company's management and shareholders by incentivizing performance.
Winston Gold Corp. (CSE:WGC) (OTCQB:WGMCF) has successfully closed a non-brokered private placement, raising $2,413,351 through the issuance of 26,815,013 units at $0.09 each. Each unit consists of one common share and a warrant, exercisable for five years at $0.14 per share. The net proceeds will support general corporate purposes and advance the Winston gold project near Helena, Montana.
Winston Gold Corp. (CSE:WGC, OTCQB:WGMCF) announced advancements in its underground mining development at the Winston property in Montana. The company has completed 255 feet of drift mining on the Custer and Parallel veins. Notably, the Custer vein produced approximately 1,990 tons of undiluted material, while the Parallel vein yielded about 2,200 tons of partially diluted material. Overall, 4,200 tons of mineralized rock averaging 0.22 opt has been extracted, equating to roughly 924 ounces of gold. Mining operations continue at a pace of 150 tons per day, while preparations are ongoing at the Paradine Mill for processing the mined materials.
Winston Gold Corp. is nearing completion of its Paradine Mill located in Radersburg, Montana, where 2,500 tons of mineralized rock from its Winston Gold Mine await processing. The mill's upgrades are almost complete after 40 days of work, with a current capacity of 150 tons per day. Winston Gold has stockpiled lower-grade material averaging 0.1 oz/ton gold and higher-grade material averaging 0.2 oz/ton gold. Bureau Veritas conducted recovery tests, achieving a combined recovery rate of 92.6% for gold. The company focuses on advancing low-cost mining opportunities in Montana.
Winston Gold Corp. (CSE:WGC, OTCQB:WGMCF) reports progress in the development of the Winston Gold Project near Helena, Montana. The company has advanced drifting along three vein headings: Parallel East, Parallel West, and Custer West. A bulk sample from the Parallel Vein yielded approximately 90 tons of rock, averaging 0.23 opt gold. Additionally, the underground development of the Carrabba Tunnel continues, with significant intersections found in the Custer Vein, indicating further mining potential. Quality control measures are strictly followed during sampling.
Winston Gold Corp. (CSE:WGC, OTCQB:WGMCF) reported positive drilling results at its Winston Gold Property near Helena, Montana. Highlights include a 2.5-foot drill interval averaging 2.294 ounces per ton gold (78.65 g/t) within the Block 93 vein. The wider interval averaged 1.149 opt gold (39.39 g/t). Ongoing drilling aims to define the Block 93 vein system. Additionally, test mining has produced about 1,200 tons of lower-grade material to optimize recovery at the Paradine mill.
Winston Gold Corp. (CSE:WGC, OTCQB:WGMCF) has successfully closed a non-brokered private placement, securing gross proceeds of $3,284,540 from the sale of 46,922,000 units at $0.07 each. Each unit consists of one common share and one share purchase warrant, exercisable at $0.12 per share for five years. Insiders subscribed for 500,000 units totaling $35,000. The funds will primarily support general corporate purposes and advance the Winston gold project near Helena, Montana. All securities are subject to a four-month hold period.