Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Al Fabbro was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Nov 09
Winston Gold Corp. Announces Executive Changes Winston Gold Corp. announced that Mr. Murray Nye, CEO of Winston Gold, will take a leave of absence to deal with a health issue for an undetermined period of time. In the interim, Joseph Carrabba, the Winston Gold chairman will assume the CEO duties until Mr. Nye can return to duty. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Al Fabbro was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Aug 31
Winston Gold Corp. announced that it has received CAD 1.41875 million in funding from Ocean Partners USA Inc. On August 30, 2021, Winston Gold Corp. closed the transaction. The company issued 18,916,667 units for gross proceeds of CAD 1,418,750. Insiders of the company subscribed for an aggregate of 500,000 units for gross proceeds of CAD 375,000 in the transaction. Ankündigung • Jul 16
Winston Gold Corp. announced that it expects to receive CAD 3 million in funding from Ocean Partners USA Inc. Winston Gold Corp. announced a private placement of minimum of 6,666,667 units and maximum of 40,000,000 units at a price of CAD 0.075 per unit for minimum gross proceeds of CAD 50,000 and maximum gross proceeds of CAD 3,000,000 on July 15, 2021. Under the terms of the transaction, detailed within a non-binding term sheet and completion of its conditions, lead investor Ocean Partners USA, Inc. will subscribe for a minimum lead order of 6,666,667 Units for a subscription of CAD 500,000, and to match the purchase of any additional Units on one to two basis up to a maximum of CAD 1,000,000 including the lead order subscribed by Ocean Partners USA, Inc. assuming an additional CAD 1,000,000.00 raised from third parties and an aggregate of CAD 2,000,000 raised. The corporation will also welcome an additional CAD 1,000,000 of financing to be raised from other third parties with no matching from Ocean Partners USA, Inc. for an aggregate of CAD 3,000,000.00. Each Unit consists of one common share and one purchase warrant. Each full Warrant will entitle the holder to purchase an additional common share of the Corporation at an exercise price of CAD 0.105 per share for a period of 2 years from the closing. All securities issued are subject to a statutory hold period of four months plus a day from the date of issuance. Finder fees may be payable on a portion of the financing according to the policies of the Canadian Securities Exchange. The transaction is subject to approval by the Winston Gold Corp. Board of Directors, the Ocean Partners USA Inc. Board of Directors and the Canadian Stock Exchange, and may be subject to additional regulatory approvals. Ankündigung • Jul 07
Winston Gold Corp. announced that it has received CAD 1.2225 million in funding Winston Gold Corp. announced a non-brokered private placement of 16,300,000 units issued at a purchase price of CAD 0.075 per unit for gross proceeds of CAD 1,222,500 on July 5, 2021. Each unit consisted of one common share in the share capital of the company and one share purchase warrant. Each full warrant will entitle the holder to purchase one additional share in the share capital of the company for a period of 5 years, at an exercise price of CAD 0.12 per share. All securities issued in the transaction are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The transaction included participation from Insiders of the company who subscribed for an aggregate of 6,866,667 units for gross proceeds of CAD 515,000. Ankündigung • Feb 19
Winston Gold Corp. announced that it has received $2.593528 million in funding from Palisades Goldcorp Ltd. On February 18, 2021, Winston Gold Corp. (CNSX:WGC) closed the transaction. The company issued 28,816,983 units for gross proceeds of CAD 2,593,528 in the over-subscribed transaction. The company paid finder's fees of CAD 24,000 in cash and issued 266,666 finder’s warrants exercisable at CAD 0.13 per share for a period of two years. Ankündigung • Feb 06
Winston Gold Corp. Produces First Gold and Silver Concentrate and Ramps Up Underground Mining Rate Winston Gold Corp. ("Winston Gold" or the "Corporation") announced that it has produced its first concentrate from low-grade stockpiles at the Paradine Mill Facility, near Radersburg MT. In addition, underground development work at its wholly-owned Winston Gold Mine, near Helena, Montana. has allowed mining operations to increase to a rate of 120 tpd, or 3,000 tons per month. During January, the Paradine mill facility was run continuously over a period of six days. The mill hired and trained five new employees and rotated two, three-man crews, to work 12 hour shifts during this period. A total of 752.47 tons of low-grade mineralized material was processed with an average head grade of 0.05 oz per ton (opt) gold (1.75 g/t gold) and 0.78 opt silver (26.85 g/t silver). The mill produced 7.43 tons of concentrate (wet) with an average grade of 1.73 opt gold (59.42 g/t Au) and 30.52 opt silver (1,046.43 g/t Ag). The mill also recovered 1,050 lbs of gravity concentrate with an average grade of 6.76 opt gold (231.77 g/t Au) and 14.81 opt silver (507.91 g/t Ag). Future upgrades at the Paradine Mill Facility also include, a soon to be operational Wilfley Table, which will enable fine particles to be processed to improve overall gold and silver recoveries from the gravity circuit. In addition, construction of Settling Pond #2 has begun, and the foundation work is about one third complete. The last significant upgrade to be installed at the Mill is a filter press. It will eliminate the labor-intensive process of recovering flotation concentrates from the leaf filter and improve safety. Once the filter press is operational, Winston plans to run the Paradine Mill 24 hours a day, 6 days a week to process the high-grade stockpile from the Winston Gold Mine. Winston has been developing what is referred to as an I-drift above the 4637 level along a 200 ft section the Custer West vein. The I-drift represents the first phase of the stoping process which allows the miners to increase the mining rate. Two headings have been mining the mineralized Custer West vein system at opposite sides at a combined rate of 90 tons per day. A secondary I-drift is now being developed along the Parallel West Vein system. This will bring the total daily mining rate to 120 tons. Once the I-drifts are completed back-stoping will commence to access higher levels of both vein systems. In accordance with mining safety laws, Winston Gold has also been developing a raise to be used as a secondary escapeway from its current underground workings. The raise was collared on the 4637 ft level and will break into the historic Edna workings 167 ft. (51 metres) above. The raise will be permanently timbered, and have safety landings along the ladders, in accordance with MSHA (Mine Safety and Health Administration) standards since the raise is only five degrees off the vertical. Ankündigung • Feb 03
Winston Gold Corp. announced that it expects to receive $2.43 million in funding from Palisades Goldcorp Ltd. Winston Gold Corp. (CNSX:WGC) announced a non-brokered private placement of up to 27,000,000 units at CAD 0.09 per unit, for gross proceeds of CAD 2,430,000 on February 2, 2021. The transaction was led by existing investor Palisades Goldcorp Ltd. Each unit consists of one common share and one share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share of the company at an exercise price of CAD 0.13 per share for a period of 5 years from closing of the transction. All securities issued in connection with the transaction are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Finder fees may be payable on a portion of the financing according to the policies of the CSE. In addition, the Board of Directors has granted 2,000,000 stock options to certain consultants of the company, at an exercise price of CAD 0.12, expiring in two years. Ankündigung • Jan 22
Winston Gold Corp. announced that it has received CAD 1.004775 million in funding Winston Gold Corp. (CNSX:WGC) announced a non-brokered private placement of 8,038,200 units at a price of CAD 0.125 per unit for gross proceeds of CAD 1,004,775 on January 21, 2021. Each unit consists of one common share and one share purchase warrant. Each full warrant entitles the holder to purchase one additional share for a period of five years at an exercise price of CAD 0.20 per share. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation. Ankündigung • Dec 18
Winston Gold Corp. Announces Crushing and Milling Low-Grade Material from Its Wholly- Owned Winston Gold Mine Through the Leased Paradine Mill Facility, Near Radersburg, Montana Winston Gold Corp. announced that it is now crushing and milling low-grade material from its wholly- owned Winston Gold Mine through the leased Paradine Mill Facility, near Radersburg, Montana. Approximately 90 tons of low-grade gold bearing material was crushed to a size of minus ½ inch mesh. The crusher was run at a rate of about 30 tons per hour and 50 tons of the crushed material was processed by the mill circuit. A total of 76 tons of crushed low-grade material was put through the remaining milling circuit and was processed at a rate of 3.2 tons per hour over a period of 24 hours. The moisture content was calculated to be 3.7% The company has put sampling procedures in place to test both the gravity and float concentrates as well as the head feed and tails stream material. The Paradine mill located just 35 miles (56 km) by paved road from the Company's wholly owned Winston Gold project which is situated near Helena, Montana. The Mill has a nameplate capacity of 150 tons per day and hosts a ball milling circuit as well as both a gravity and flotation circuit. A new lined settling pond has been constructed for tailings disposal with a 35,000-ton capacity and two additional ponds are also being built. Winston anticipates producing Doré bars on-site from the gravity circuit. These bars will be sent to Idaho for refining. Initial gold and silver concentrates will be sent to various companies for testing. Bureau Veritas previously performed gravity and flotation tests on selected drill core from the Parallel, Custer and Block 93 vein systems. The gravity circuit alone was able to recover 5.9% gold and 1.3% silver. Flotation of the gravity tailings recovered 86.7% gold and 85% silver and resulted in a combined gravity plus floatation recovery of 92.6% gold and 86.3% silver. Bureau Veritas stated that they believed that there was still room to improve that recovery rate. Ankündigung • Dec 06
Winston Gold Corp. announced that it has received CAD 2.223 million in funding Winston Gold Corp. (CNSX:WGC) announced a non-brokered private placement of 17,784,000 units at a price of CAD 0.125 per unit for gross proceeds of CAD 2,223,000 on December 4, 2020. Each unit consists of one common share and one share purchase warrant. Each full warrant entitles the holder to purchase one additional share for a period of five years at an exercise price of CAD 0.20 per share. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance. Recent Insider Transactions Derivative • Nov 14
President exercised options and sold CA$71k worth of stock On the 11th of November, Maxwell Polinsky exercised 2.00m options to receive shares at no cost, then sold 1.41m of them for an average price of -CA$0.05 per share and kept the remainder. Since March 2020, Maxwell's direct individual holding has increased from 2.30m shares to 2.50m. Company insiders have collectively bought CA$73k more than they sold, via options and on-market transactions, in the last 12 months. Ankündigung • Oct 18
Winston Gold Corp. announced that it expects to receive CAD 2.413351 million in funding Winston Gold Corp. (CNSX:WGC) announced a non-brokered private placement of 26,815,013 units at a price of CAD 0.09 per unit for gross proceeds of CAD 2,413,351 on October 16, 2020. Each unit consists of one common share and one share purchase warrant. Each full warrant entitles the holder to purchase one additional share for a period of five years at an exercise price of CAD 0.14 per share. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance. Ankündigung • Oct 14
Winston Gold Corp. to Provide an Update on its Continued Underground Mine Development and Current Planning of Stopes at its Winston, Montana Property Winston Gold Corp. to provide an update on its continued underground mine development and current planning of stopes at its Winston, Montana property. To date 255’ of drift has been driven on the combined Custer and Parallel veins. The development has been driven as 10 feet x 10 feet sill drifts that allow for rubber tired underground equipment to access the area for the preparation of narrow vein stope mining above the 4,637 foot level. The Custer vein has had 109 feet of sill drifting on one heading, while the Parallel vein has had 146 feet between two headings. True vein widths of Parallel and Custer have varied from just a few inches, to as much as 17 feet at one point on the Custer vein, with an average of about 4 feet. The Custer vein development has produced an estimated 1,990 tons of undiluted material, while the Parallel vein development has produced an estimated 2,200 tons of partially diluted mineralized material some of which was used for lining of the mill pads. The diluted material is due to the level being developed as a haulage way for stoping above. As the sill drift development advances stopes are being planned for Parallel Vein east and west and Custer west. In total Winston has hauled to surface 4,200 tons of mineralized rock with an average grade of 0.22 opt (7.54 gpt). This amounts to approximately 924 ounces (31, 674 grams) of gold. Silver values from the Custer vein have been elevated and are averaging 8 ounces per ton. Presently, underground development continues at a rate of 150 tons per day. Winston is waiting for the final two pieces of equipment to complete the refurbishing upgrades to the nearby Paradine Mill so it can process the gold and silver contained within the stockpiled mill feed sample material. Ankündigung • Oct 08
Winston Gold Corp. Prepares to Produce First Ounces of Gold as Paradine Mill Nears Completion Winston Gold Corp. announced that its Paradine Mill in Radersburg, Montana is nearing completion. So far 2,500 tons of mineralized rock from the company's ongoing bulk-sampling program at the Winston Gold Mine is at the Mill awaiting initial processing. The Paradine Mill is located just 35 miles (56 km) by paved road from the Company's wholly-owned Winston Gold project. The Paradine Mill is currently rated for a 150 ton-per-day operation, however there is ample room for expansion if necessary. A new lined settling pond has been constructed for tailings disposal with a 35,000-ton capacity and two additional ponds are being built. Winston gold has already stockpiled about 1,300 tons of lower-grade bulk sample material. This represents mineralized rock that has been diluted with waste rock in the process of developing access to the main gold bearing vein structures. This material was sampled and has an average grade of about 0.1 oz per ton gold (3.43 g/t). Similarly, an additional 1,200 tons of higher-grade bulk sample material is also on site. It returned an average grade of 0.2 opt (6.86 g/t) gold. This material will be used to commission the new mill and verify earlier metallurgical recovery tests. Bureau Veritas previously performed gravity and flotation tests on selected drill core from the vein systems. The gravity circuit alone was able to recover 5.9% gold and 1.3% silver. Flotation of the gravity tailings recovered 86.7% gold and 85% silver and resulted in a combined gravity plus floatation recovery of 92.6% gold and 86.3% silver. Bureau Veritas stated that they believed that there was still room to improve that recovery rate. Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the drill to the on-site sample preparation facility was continuously monitored. The samples are crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50 gram gravimetric finish. Any assay averaging more than 0.1 opt gold is sent to Bureau Veritas Minerals in Reno Nevada for checks. Blank or certified reference materials are inserted randomly. Ankündigung • Sep 18
Winston Gold Corp. Announces Winston Gold Advancing Drifts Along Parallel and Custer Vein Systems Winston Gold Corp. announced that development drifting is advancing along three vein headings; the Parallel East and West and the Custer West on its Winston Gold Project near Helena, Montana. A bulk sample is being stockpiled and will be processed at the Paradine Mill in Radersburg, Montana. The last round blasted on the Parallel Vein was a 10-by-10 ft (3-by-3 metre) round which ultimately yielded about 90 tons of rock. The face of the drift was channel sampled across its width and averaged 0.23 opt gold (7.89 g/t gold) over 9 ft. (2.7 metres) This grade was identified by a series of four channel samples. One for each of the two stringer veins and the final two for the full span of the face. All assays were done in house. The two stringer veins, each with a maximum width of 10 inches, averaged 1.257 opt gold (43.09 g/t gold) plus 10.07 opt silver (345.25 g/t silver) and 0.364 opt gold (12.48 g/t gold) and negligible silver, respectively.
Winston has also continued underground development of the Carrabba Tunnel. The 900 ft long (274 metre) access tunnel was extended an additional 35 ft (10.6 metres) on the Tunnel # 1 level (now referred to at the 4637 level) and has intersected the south western extension of the Custer Vein. Previously drilled hole, W96, cut the Custer vein about 160 ft (48.7 metres) further southwest along strike of the current drift and about 10 ft (3 metres) below the 4637 level. It intersected a 2.5 ft (0.76 metre) interval averaging 0.385 opt gold (13.2 g/t gold). Another previously drilled hole, W105, intersected the Custer vein about 55 ft (16.7 metres) further to the southwest along strike of the current Custer drift and 70 ft (21.3 metres) above the 4637 level. It intersected 2 ft (0.6 metre) averaging 0.186
opt gold (6.37 g/t gold). Since the Custer Vein is situated above (in the hanging wall) of both the Block 93 and Parallel vein systems, the current underground development work in the Custer Vein system will enable one underground drill to easily drill test all three vein systems. Ankündigung • Aug 29
Winston Gold Corp. announced that it has received CAD 3.28454 million in funding from Palisades Goldcorp Ltd. and other investors Winston Gold Corp. (CNSX:WGC) announced a non-brokered private placement of 46,922,000 units at a purchase price of CAD 0.07 per unit for gross proceeds of CAD 3,284,540 on August 28, 2020. The transaction included participation from returning investor lead order Palisades Goldcorp Ltd. and insider of the company for 500,000 units for gross proceeds of CAD 35,000. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase an additional share of the company at an exercise price of CAD 0.12 per share for a period of 5 years from the date of issuance. A finder’s fee of 572,000 common shares was paid and 572,000 finder’s warrants issued in connection with the transaction. Each finder’s warrant entitles the holder to purchase one additional share in the share capital of the company for a period of two years, at an exercise price of CAD 0.12 per share. All securities issued are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.