Central Timmins Exploration Corp. is pleased to announce the closing of a non-brokered private placement for aggregate gross proceeds of $500,000 , the appointment of Joseph Ovsenek to the Board of Directors, and various other board and management changes. Board and Management Changes Subsequent to the closing of the Offering, Joseph Ovsenek was appointed to the Board of Directors of the Company. Mr. Ovsenek is President [...]
Central Timmins Exploration Corp. announces that today it has received TSX Venture Exchange approval and has now completed the previously announced consolidation of its share capital on the basis of six existing common shares for one new common share. As a result of the Share Consolidation, the 51,350,000 common shares issued and outstanding were consolidated to approximately 8,558,333 common shares. The common shares [...]
Central Timmins Exploration Corp. announces that at the special meeting of shareholders held on January 9, 2020, a special resolution was passed by shareholders authorizing and approving an amendment to the Corporation's articles to effect a consolidation of the issued and outstanding common shares of the Corporation. Subsequent to the special meeting, the Board of Directors elected to proceed with the Share Consolidation [...]
Central Timmins Exploration Corp. announces its intention to consolidate the Corporation's common shares on an up to 1:6 basis, subject to shareholder and regulatory approval. In addition, the board of directors of the Corporation has determined that it is in the best interests of the Corporation and its stakeholders to initiate a formal process to explore and review strategic and financing alternatives. PROPOSED SHARE [...]
Central Timmins Exploration Corp. is pleased to announce a potential Kimberlite Pipe identified in Bonar Township near Chapleau 160km west of Timmins, Ontario. This was a pleasant surprise as CTEC was evaluating 2 Mag anomalies located about 1 km apart for Cu Zn. Based on a follow-up, detailed helicopter Mag survey both Mag anomalies model as steeply dipping pipes. Review of the CTEC MMI results indicates that one [...]
Central Timmins Exploration Corp. is pleased to announce the closing of the previously announced sale of certain non-core claims to Goldcorp Canada Ltd., a subsidiary of Newmont Goldcorp Corporation . As announced on December 21, 2018 the Company entered into a definitive agreement for the sale of certain mineral claims for aggregate proceeds of $258,624. The Claims consist of nine patented mineral claims in Deloro [...]
Best Intercept in the Dayton Gold Zone in Deloro Township 6.35 m @ 3.29 g/t Gold interprets that the Historical Dayton gold zone has a parallel quartz breccia system in sediments Drill hole D-19-06 in the Dayton Gold Zone in Deloro Township intersected 3.29 g/t Au over a 6.35 m core width from 112.3 m depth in quartz sulphide and massive sulfide veins CTEC's drill hole on the Four Corners property intersected a 30 m wide [...]
Central Timmins Exploration Corp. is pleased to announce the appointment of Chris Hopkins to the position of Chief Financial Officer and Corporate Secretary and the resignation of Arvin Ramos as chief financial officer effective immediately. Charles Gryba, CEO, commented: "I'm pleased to welcome Chris to the team at CTEC. He brings decades of experience in the junior mining sector and I look forward to working with him [...]
Central Timmins Exploration Corp. is pleased to provide detail on the planned summer exploration program. A diamond drill program totaling 2,500 metres is expected to commence on or about July 9 to test nine high priority gold targets in Timmins, Ontario, Canada. Summer Work Program CTEC's nine priority drill targets were selected and ranked based on a combination of modelled geology, structures, MMI soil geochemistry [...]
Central Timmins Exploration Corp. is pleased to provide an update of the 2019 winter program and outline the 2019 summer exploration program. CTEC has four distinct project areas in the historic Timmins mining camp. The Deloro and Ogden Projects are located on the south side of the Porcupine Destor Fault Zone, while the Mountjoy and 4 Corners Projects are located on the north side of the PDFZ. CTEC's projects cover areas [...]
Central Timmins Exploration Corp. today reported that at the annual and special meeting of shareholders held on May 9, 2019, all resolutions proposed to shareholders were duly passed. A total of 20,557,000 common shares of the Company, representing 40% of the Company's issued and outstanding common shares as at the record date were voted, in person or by proxy, and the five nominees listed in the management information [...]
Central Timmins Exploration Corp. is pleased to announce the continuation of the Company's initial drill program in the Timmins Camp, which began in late-October 2018. In the short term, CTEC plans on taking advantage of the winter diamond drilling season in Timmins with a work program of 6 – 9 holes in three Townships; Deloro, Mountjoy and Jamieson, all within the city limits of Timmins. Most of the mines in Timmins have [...]