Valorem to Commence Work Program on Wing Pond Gold Property
April 21, 2021 02:00 ET | Source: Valorem Resources Inc. Valorem Resources Inc. Vancouver, CANADA
VANCOUVER, British Columbia, April 21, 2021 (GLOBE NEWSWIRE) VALOREM RESOURCES INC. (the “Company” or “Valorem”) (CSE: VALU) (Frankfurt: 1XW1). Further to the Company s announcement on April 19, 2021 regarding the receipt of exploration permits for its Wing Pond (Shear) Gold Property, the Company is pleased to report that it will be commencing field exploration work shortly.
Initial work will consist of geological mapping, prospecting and a preliminary till-sampling program, commissioned through Overburden Drilling Management of Nepean, Ontario. Exploration will commence this week in preparation for an inaugural drilling campaign later in the year.
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VALOREM RESOURCES INC. (the “
Company” or “
Valorem”) (CSE: VALU) (Frankfurt: 1XW1) is pleased to announce that it has closed the first tranche of a non-brokered private placement (the “
First Tranche”). Pursuant to the First Tranche, the Company issued 8,889,998 units (the “
Units”) of the Company at a price of $0.10 per Unit for gross proceeds of $888,999.90 (the “
Offering”). Each Unit consists of one (1) common share of the Company (a “
Common Share”) and one (1) transferable share purchase warrant (a “
Warrant”). Each Warrant entitles the holder thereof to purchase one (1) additional Common Share for a period of one (1) year from closing at a price of $0.13 per Common Share.
Analysts Indicating Gold & Silver Still Have A Lot Of Upside After A Record Year
FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ 2020 can be remembered as anything but a stable year for the markets. With rising political and economic uncertainty, gold has become a go-to asset for many investors looking to reduce the risks and diversify their portfolios. But the question now is: after setting fresh records this year, will gold prices go up past $2,000 per ounce once again any time soon? A recent article in Capital.com answered that question in a positive manner It said: The gold market dipped in early June only to break through and reach all-time highs later this summer. On August 6, the metal hit $2,070 per ounce, soaring 35 per cent since the start of 2020 and 40 per cent from the March lows. The growth was driven by the weakening US dollar and a number of significant geopolitical and economic events on the global arena, such as the EU s ag