Highlights Numerous Drill-Ready Gold Prospects at Anderson-Davidson Property Mayo Lake Minerals Inc. is pleased to report the closing of the first leg of its previously announced private placement consisting of both common share units and flow-through Units . The placement remains open and is intended to raise a total of $900,000. Terms Each CS Unit was priced at $0.05 and consists of one common share and one common share [...]
Announces Private Placement; Updates Merger Activities Mayo Lake Minerals Inc. is pleased to announce its planned spring and summer exploration projects for the Company's four prospective properties covering 188 sq. km in the Mayo Mining District of the Yukon. All of Mayo's properties lie within the Tombstone Gold Belt, which hosts numerous Reduced Intrusive Related Gold Systems , generally consisting of low-grade [...]
Mayo Lake Minerals Inc. is pleased to report that it has closed another tranche of its ongoing $1.4M private placement for a total of 1,868,333 common share Units at $0.06 per CS Unit grossing $112,100. This brings the cumulative amount raised under the Ongoing Placement to $827,084. Each CS Unit consists of one common share and one whole warrant exercisable into one additional common share at $0.09 for a period of four [...]
Mayo Lake Minerals & WestMountain Gold Continuing Progress Toward Merger; 1,933,432 oz Au at 2.2g Au/t and 3,194,680 oz Ag at 4.7g Ag/t Mayo Lake Minerals Inc. is pleased to report that further to its release of May 3, 2024, it has closed a subsequent tranche of its ongoing $1.4M private placement consisting of 2,333,334 Common Share Units at $0.06 per CS Unit totaling $140,000.04; bringing the total to date to [...]
Mayo Lake Minerals Inc. is pleased to announce that further to its press releases dated August 17, 2023, March 12, 2024, May 3, 2024 and July 25, 2024, it continues to work towards the completion of its proposed merger with WestMountain Gold Inc. in conjunction with a concurrent financing of $7.5 million±, the net proceeds of which will primarily be applied to an aggressive diamond drill program at WMG's Terra gold [...]
Mayo Lake Minerals Inc. is pleased to provide a report on its Annual & Special Meeting held on August 15 at 3790 Carp Road, Carp, Ontario. The Meeting was chaired by Dr. Vern Rampton, President & CEO and attended by directors, officers, staff and shareholders. The Company's shareholders unanimously re-elected Dr. Vern Rampton, Lee Bowles, Jeff Ackert and Gregory LeBlanc as directors; the latter two being qualified as [...]
Estimated Terra Gold and Silver Resources Increased To: 880,000 ounces Au and 1,200,000 ounces Ag by narrow vein mining a minimum of 1,933,400 ounces Au and 3,194,700 ounces Ag by bulk mining Unique Alaska - Yukon Merger Mayo Lake Minerals Inc. is pleased to update the market on its proposed merger with WestMountain Gold Inc. . The Merger will create a highly prospective land position within the Tintina Gold Province [...]
Mayo Lake Minerals Updates Merger Activities; Private Placement Progress; Securities Incentives; Marketing Mayo Lake Minerals Inc. is pleased to report on the progress of its proposed merger with WestMountain Gold, Inc. , as initially described in Mayo's press release of August 17, 2023 and as recently updated on March 12, 2024; the closing of the third tranche of its ongoing $1.4 million private placement ; the issuance [...]
703,300 Ounces of High-Grade Gold; Greater than 2,000,000 Ounce Total Resource Mayo Lake Minerals Inc. is pleased to report on the progress of Mayo's and WestMountain Gold Inc.'s merger as described in Mayo's press release of August 17, 2023. The Letter of Intent as described in the press release outlined the proposed terms and conditions of a transaction pursuant to which Mayo and WestMountain plan to affect a [...]
703,300 Ounces of High-Grade Gold; Greater than 2,000,000 Ounce Total Resource Amends Terms of Private Placement Closing February Mayo Lake Minerals Inc. is pleased to confirm that Mayo and WestMountain Gold Inc. remain committed to complete their merger as described in Mayo's press release of August 17, 2023. The Letter of Intent as described in the press release outlined the proposed terms and conditions of a [...]
Mayo Lake Minerals Inc. today announced the resignation of Mr. Tyrell Sutherland as a director effective immediately in order to accommodate demands on his time in combination with the Company's planned realignment of its board in contemplation of its merger with WestMountain Gold Inc. as announced on August 17, 2023 https://www.mayolakeminerals.com/news.html. Mr. Sutherland will remain in the position of Vice-President [...]
Mayo Lake Minerals Inc. is pleased to announce that it has entered into a non-binding letter of intent dated August 2, 2023 with WestMountain Gold Inc. . The LOI outlines the proposed terms and conditions of a possible transaction pursuant to which Mayo and WestMountain would negotiate to seek to effect a three-cornered amalgamation of a wholly-owned subsidiary of Mayo and WestMountain that would result in Mayo indirectly [...]
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