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Interests in large claim blocks in the Hemlo mining camp
Experienced management team with a focus on profitable exits
What Ready Set Gold does:
Toronto-based Ready Set Gold Corp (CSE:RDY) (OTCPINK:RDYFF) (FRA:0MZ) is a newly-listed, high-grade gold explorer and developer focused on Ontario’s prolific Greenstone belts.
The company owns a 100% interest in the Northshore Gold Property, which is located in the Schreiber-Hemlo Greenstone Belt near Thunder Bay and is considered one of Ontario s largest undeveloped prospective gold projects.
A National Instrument (NI) 43-101 compliant Mineral Resource Estimate done by GTA Resources on Northshore in 2014 showed 391,000 Indicated gold ounces grading 0.99 grams per tonne (g/t) along with 824,000 Inferred ounces of gold at 0.87 g/t, using a cut-off grade of 0.50 g/t gold.
Athena Gold Closes CDN $500,000 First Tranche of Private Placement and Applies for Listing on the Canadian Stock Exchange theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
Athena Gold Corporation: Athena Gold Closes CDN $500,000 First Tranche of Private Placement and Applies for Listing on the Canadian Stock Exchange
VACAVILLE, CA / ACCESSWIRE / June 9, 2021 / Athena Gold Corporation (OTCQB:AHNR) (
Athena or the
Company ) is pleased to announce that the Company has closed the first tranche of a non-brokered private placement offering (the
Offering ) of units of the Company (each, a
Unit ) at a price of CDN $0.08 per Unit. Each Unit consists of one common share in the capital stock of the Company and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share in the capital stock of the Company at a price of CDN $0.15 until May 31, 2024.
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Gabbs Project Exploration Target and Potential
Based on historical drilling, the Gabbs Project has an Exploration Target of 0.90 million to 2.25 million ounces of gold (contained in 40 million to 70 million tonnes at an average grade of 0.7 to 1.0 g/t gold). No Exploration Target has been estimated for copper. The potential quantity and grade of this Exploration Target is conceptual in nature. There has been insufficient exploration to define it as a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource.
Due to the limited systematic exploration completed to date, the Company believes the full potential of each of the known zones of mineralization at Gabbs has yet to be recognized. The mineralized zones have not been tested along strike or at depth, and of the 494 holes drilled at Gabbs between 1970 and 2011, 180 holes (36%) ended in mineralization. Also, a significant number of holes drilled prior to