Val-d'Or Mining provides a summary of the exploration programs completed in 2021, which include approximately $529,000 of internally-financed programs that were complemented by several partner-financed exploration programs. For 2022, the Company intends to keep the internally-financed exploration activity at approximately the same level as in 2021, with an initial exploration budget of at least $400,000. The exploration [...]
Val-d'Or Mining announces that drilling has commenced on the Ducros Group of Properties. This first phase drill program is part of a larger exploration program that has been budgeted at more than $5 million, including 20,000 m of diamond drilling. The drilling started on January 18, 2022, as announced in a news release on January 13, 2022 by the operator of the program Québec Nickel Corp. . The Company has a direct [...]
Further to its news release of December 15, 2021, Val-d'Or Mining is pleased to announce that it has completed a non-brokered private placement offering for gross proceeds of $400,000.32. The Company issued 1,111,112 National Flow-Through Common Shares and 1,111,112 Québec Flow-Through Common Shares at a per FT Share price of $0.18 for gross proceeds of $400,000.32. The FT Shares are "flow-through shares" as defined in [...]
Val-d'Or Mining announces that it will conduct a non-brokered private placement offering pursuant to which it will issue up to 1,111,112 National Flow-Through Common Shares and 1,111,112 Québec Flow-Through Common Shares at a per FT Share price of $0.18 for gross proceeds of up to $400,000.32. The FT Shares will be "flow-through shares" as defined in the Income Tax Act and the Taxation Act, as applicable. The offering is [...]
Val-d'Or Mining, announces that it has entered into two separate option agreements with Eldorado Gold, a wholly owned subsidiary of Eldorado Gold Corp.. The first Option Agreement is for the Perestroika Ouest property , which is located in the province of Québec. This agreement enables Eldorado to earn and acquire a 70% interest in the Perestroika Ouest Property by spending a minimum $1 million in exploration expenditures [...]
Val-d'Or Mining Corporation announces that Louis Doyle has been appointed to the Board of Directors of the Company and that Frank Mariage has resigned as a director of the Company. Mr. Doyle is currently Executive Director and a director of Québec Bourse, the association regrouping Québec based listed companies and other markets stakeholders. In addition, since 2016, he has also provided consulting services to private [...]
Val-d'Or Mining Corporation announces that it has entered into an agreement with Snowy Owl Gold Corp. for the sale of the Riviere Lois Prospect. The transaction is subject to the approval of the CSE. Property Sale Agreement for the Riviere Lois Prospect In consideration for a 100% interest in the Riviere Lois Prospect, and upon receipt of Exchange approval, SNOW will issue 3,200,000 common shares to the Company will [...]
Val-d'Or Mining has completed induced polarization and ground magnetic surveys over the eastern land portion of the Dionne Prospect. The 100%-owned property is located within the Amos-Barraute Belt of volcano-sedimentary rocks of the southern zone of the Abitibi Greenstone Belt. The primary exploration target on the property is an orogenic gold deposit. The program is intended to follow-up on geophysical surveys carried [...]
Val-d'Or Mining has commissioned a 12-kilometre Surface InfiniTEM® XL survey over the Riviere Lois property. The 100%-owned property is located in the Abitibi Greenstone Belt and is prospective for base-metals volcanogenic massive sulphide-hosted deposits. The Company has allocated a total budget of approximately $75,000 for this program, which is scheduled to start during the coming week. The program will include the [...]
Val-d'Or Mining commenced a geochemical program on nine of its Quebec properties. The 100%-owned properties are located in the Abitibi Greenstone Belt and are prospective for precious metals and base metals. As part of the program, the Company will collect samples along property wide grids and conduct biogeochemical, soil and rock assays. The Company has allocated a total budget of approximately $150,000 for this program [...]
Val-d'Or Mining Corporation provides an update on the property transaction with Québec Nickel Corp., further to its news release of October 27, 2020. As part of this transaction, Val-d'Or Mining sold to QNI the Ducros Group of Properties in exchange for 3,508,461 common shares in the capital of QNI and retained a 1.5% NSR on 239 mineral claims covering a total area of 12,835 hectares. Val-d'Or Mining Corporation will [...]
Val-d'Or Mining Corporation announces that it has granted incentive stock options to the Company's directors, officers, employees and consultants, entitling the purchase of an aggregate 600,000 common shares in the capital of the Company at a per share exercise price of $0.11 for a period of 5 years, pursuant to applicable legislation and policies of the TSX Venture Exchange. For additional information, please contact [...]
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