Ankündigung • Feb 27
Barsele Minerals Corp. (TSXV:BME) completed the acquisition of Gold Line Resources Ltd. (TSXV:GLDL) for CAD 5.93 million. Barsele Minerals Corp. (TSXV:BME) signed a letter of intent to acquire Gold Line Resources Ltd. (TSXV:GLDL) on November 9, 2023. Barsele Minerals Corp. (TSXV:BME) entered into an arrangement agreement to acquire Gold Line Resources Ltd. (TSXV:GLDL) for CAD 5.93 million on December 12, 2023. Under the terms of the transaction, Barsele will acquire all of the issued and outstanding common shares of Gold Line, and the holders of the issued and outstanding Gold Line Shares will receive 0.7382 of a Barsele Share for each Gold Line Share. Post completion, shareholders of Barsele will own 80% and Gold Line shareholders will own 20% in the resulting issuer. In connection with the Transaction, Barsele proposes to undertake the Concurrent Price Placement to raise aggregate proceeds of approximately CAD 1 million through the sale of up to 6,700,000 subscription receipts of Barsele for CAD 0.15 per Subscription Receipt. The proceeds from the private placement will be used to fund exploration programs across the combined portfolio of the Resulting Issuer, costs related to the proposed Transaction, and for working capital and general corporate purposes. In connection with the completion of the Transaction, the Gold Line Shares will be de-listed from the TSXV, and following closing, Gold Line will make an application to cease to be a reporting issuer under Canadian securities laws. Under certain circumstances, if the Arrangement Agreement is terminated, Barsele would be entitled to a termination fee of CAD 400,000. The board of directors of the Resulting Issuer will comprised of five directors, including two nominees of Gold Line and three nominees of Barsele. Taj Singh will assume the role as President, Chief Executive Officer, and Director, will lead the combined management and project team of the Resulting Issuer. Benjamin Gelber of Gold Line will assume the role of Vice President, Exploration. The Resulting Issuer Board is expected to be made up of Gold Line directors Toby Pierce (Non-executive Chair) and Taj Singh and Barsele directors Gary Cope and Ross Wilmot, as well as new incumbent Marc Legault. The transaction is subject to the approval of the Gold Line shareholders, approval of the TSX, issuance of a final order by the British Columbia Supreme Court, and completion of the Concurrent Private Placement. The board of directors of Barsele and Gold Line has unanimously approved the transaction and is expected to close in February 2024. As of February 15, 2024, the transaction has been approved by the shareholders of Gold Line and is expected to be completed on or about February 23, 2024. The hearing for the final order of the Supreme Court of British Columbia to approve the Arrangement is scheduled to take place on February 20, 2024.PI Financial Corp. is acting as a financial advisor as well as a fairness opinion provider to Gold Line. Victor Gerchikov of Stikeman Elliott LLP is acting as legal counsel to Barsele and Sam Cole of Cassels Brock & Blackwell LLP is acting as legal counsel to Gold Line. Computershare Trust Company of Canada acted as registrar and transfer agent to Gold Line. Davidson and Company LLP acted as GLDL’s auditor in the transaction. Computershare Investor Services Inc. acted as depositary to Gold Line. As of February 20, 2024, the Supreme Court of British Columbia granted a final order in respect of the proposed arrangement. Barsele Minerals Corp. (TSXV:BME) completed the acquisition of Gold Line Resources Ltd. (TSXV:GLDL) on February 26, 2024. Ankündigung • Dec 14
Barsele Minerals Corp. (TSXV:BME) entered into an arrangement agreement to acquire Gold Line Resources Ltd. (TSXV:GLDL) for CAD 6.6 million. Barsele Minerals Corp. (TSXV:BME) entered into an arrangement agreement to acquire Gold Line Resources Ltd. (TSXV:GLDL) for CAD 6.6 million on December 12, 2023. Under the terms of the transaction, Barsele will acquire all of the issued and outstanding common shares of Gold Line, and the holders of the issued and outstanding Gold Line Shares will receive 0.7382 of a Barsele Share for each Gold Line Share. Post completion, shareholders of Barsele will own 80% and Gold Line shareholders will own 20% in the resulting issuer. In connection with the Transaction, Barsele proposes to undertake the Concurrent Price Placement to raise aggregate proceeds of approximately CAD 1 million through the sale of up to 6,700,000 subscription receipts of Barsele for CAD 0.15 per Subscription Receipt. The proceeds from the private placement will be used to fund exploration programs across the combined portfolio of the Resulting Issuer, costs related to the proposed Transaction, and for working capital and general corporate purposes. In connection with the completion of the Transaction, the Gold Line Shares will be de-listed from the TSXV, and following closing, Gold Line will make an application to cease to be a reporting issuer under Canadian securities laws. Under certain circumstances, if the Arrangement Agreement is terminated, Barsele would be entitled to a termination fee of CAD 400,000.
The board of directors of the Resulting Issuer will comprised of five directors, including two nominees of Gold Line and three nominees of Barsele. Taj Singh will assume the role as President, Chief Executive Officer, and Director, will lead the combined management and project team of the Resulting Issuer. Benjamin Gelber of Gold Line will assume the role of Vice President, Exploration. The Resulting Issuer Board is expected to be made up of Gold Line directors Toby Pierce (Non-executive Chair) and Taj Singh and Barsele directors Gary Cope and Ross Wilmot, as well as new incumbent Marc Legault.
The transaction is subject to the approval of the Gold Line shareholders, approval of the TSX, issuance of a final order by the British Columbia Supreme Court, and completion of the Concurrent Private Placement. The board of directors of Barsele and Gold Line has unanimously approved the transaction and is expected to close in February 2024. PI Financial Corp. is acting as a financial advisor as well as a fairness opinion provider to Gold Line. Stikeman Elliott LLP is acting as legal counsel to Barsele and Cassels Brock & Blackwell LLP is acting as legal counsel to Gold Line. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.25m market cap, or US$3.14m). New Risk • Oct 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 76% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.49m market cap, or US$3.24m). Ankündigung • Oct 07
Gold Line Resources Ltd., Annual General Meeting, Dec 14, 2023 Gold Line Resources Ltd., Annual General Meeting, Dec 14, 2023. Ankündigung • Sep 27
Gold Line Resources Ltd Appoints Gernot Wober to Its Advisory Board Gold Line Resources Ltd. announced that Mr. Gernot Wober has been appointed to the Company's Advisory Board. Mr. Wober is a professional geologist (P. Geo.) and has over 32 years of international resource exploration experience. Mr. Wober is currently VP Exploration for Discovery Silver Corp. where he started in 2018, and in 2019 identified the Cordero silver deposit in Chihuahua, Mexico for acquisition. Previously, he served as VP Exploration, Canada, at Osisko Mining Inc. ("Osisko"), during which time he took part in several key mergers and acquisitions and led the team through the advancement of the Windfall gold deposit and the discovery of the new Lynx Zone. Other roles Mr. Wober has held include VP Exploration for Oban Mining Corporation, Director Of Site Operations for the Pebble project in Alaska with the Pebble Limited Partnership, VP Exploration for Great Basin Gold Ltd., and various exploration roles with Chevron Canada Resources Limited, Noranda Exploration Company Limited, and Taseko Mines Limited. Ankündigung • Sep 22
Gold Line Resources Ltd. announced that it expects to receive CAD 2 million in funding Gold Line Resources Ltd. announced a non-brokered private placement of up to 20,000,000 units at a price of CAD 0.10 per unit for proceeds of up to CAD 2,000,000 on September 21, 2023. Each unit will consist of one common share and one-half of one share purchase warrant. Each full warrant will entitle the holder to purchase one common share at a price of CAD 0.20 per common share for a period of twenty-four months from the date of issuance. As a part of the transaction, The company will pay a finder's fee of 6% on the gross proceeds of the transaction. All securities issued under the financing are subject to TSX Venture Exchange approval will be subject to a four month and one day hold period after the date of closing. Ankündigung • Sep 21
Gold Line Resources Ltd. Provides an Update on Exploration Activities on Its 100%-Owned Paubacken and Storjuktan Projects Located in the Gold Line Belt, Northern Sweden Gold Line Resources Ltd. provided an update on exploration activities on its 100%-owned Paubacken and Storjuktan projects located in the Gold Line Belt, northern Sweden. The summer 2023 exploration was designed to progress existing targets and identify additional targets through execution of systematic exploration programs consisting of regional till sampling and base-of-till /top of bedrock drilling. Program Overview. Paubacken: 1,181 meters ("m") in 71 BoT drill holes were completed at the Aida zone. These holes were designed to systematically test prospective structural corridors at the Aida target to define additional drill targets and increase the footprint size of anomalous 2021 and 2022 results. Logging of drill chips and assays of samples is underway. In addition, 3,050 regional B Horizon (below topsoil) till samples were collected covering 1,350 hectares ("ha") over a 12 kilometer ("km") strike length of the northern extent of the first order Gold Line Belt structural corridor and associated second-order structures within the Paubacken exploration permit. Results are pending. Storjuktan: 4,357 regional B Horizon samples covering approximately 2,000 ha over multiple untested structural corridors within the central portion of the 25,000 ha Storjuktan project area were completed to identify additional areas of hydrothermal anomalism and assess regional upside. Results are pending. BoT sampling: Two BoT samples from directly above the till bedrock interface and two bedrock samples within the top of bedrock are collected for all drill holes. All samples are screened with X-ray fluorescence ("XRF") and analysed using a multi-element suite at MSALABS in Storuman, Sweden. Glacial till geochemical sampling: All samples are collected from the glacial till-derived B Horizon soil layer and screened using handheld XRF for pathfinder elements. The sampling density was very high, every 20 m on 100 m spaced lines. Anomalous areas identified will be tested for gold ("Au") at an external laboratory in Fourth Quarter 2023. Paubacken 2023 Exploration Program. The 2023 exploration program at Aida was designed to step out on known mineralization and identify additional areas of hydrother mal alteration and mineralization along the structural corridor and develop additional targets for follow up. Follow up drilling in 2022 included 14.6 m of 2.5 g/t Au starting at 142 m depth in AID-2022-001 along the structure, 50 m down drip from the initial intercept. In addition, a regional till sampling survey was completed over the northern portion of the project area. The survey focused on the northern extension of the regional Gold Line first order structure corridor and associated second order splay structures within the Paubackan permit area. In total 3,050 regional B Horizon soil samples were collected covering 1, 350 ha over a 12 km strike length of the regional structural corridor. The objective of the program was to identify additional zones of anomalous hydrothermal alteration within the larger Paubacken project area for follow up investigation. The Paubacken Project consists of 3 licenses totaling 17,097 ha that cover the central part of an emerging district in north central Sweden known as the "Gold Line Belt". The Gold Line Belt is host to several significant gold deposits, including gold deposits, including gold and gold deposits. The Gold Line Belt is host of several significant gold deposits, including the gold deposits, including gold. Ankündigung • Sep 10
Gold Line Resources Ltd. Announces CEO Changes Gold Line Resources Ltd. announced the appointment of Mr. Taj Singh as CEO of the Company. Mr. Singh's appointment is effective immediately and will be supported by outgoing CEO Adam Cegielski who will continue to serve on the Company's Board of Directors. Mr. Singh brings over 22 years of mining and resources industry experience, including roles as founding President and CEO of publicly listed companies NOA Lithium Brines Inc. and Discovery Silver Corp. With over 22 years of global mining experience, Mr. Singh has demonstrated his capabilities in both the operational and business aspects of mining. Most recently Singh was founding President and CEO of NOA Lithium Brines Inc. ("NOA") and he still currently acts as a Strategic Advisor. During Singh's time leading NOA, it advanced significantly, with opportunistic asset acquisitions as a private company, completion of its reverse-takeover and going-public transaction, successful funding rounds, and substantial exploration success; the company rapidly emerged as a premier lithium explorer in the prolific Argentine lithium district. Prior to NOA, Singh spent five years as founding President and CEO of Mexico-focused Discovery Silver Corp. ("Discovery") leading its tremendous growth. For four years, starting at the time of its 2016 go-public, Singh also served as Director and Lead Independent Director of the board of GT Gold Corp. which was subsequently acquired by Newmont Corporation for approximately $400 million. Other roles during Mr. Singh's career include Vice-President Business Development for Mexican gold producer Timmins Gold Corp. (since acquired by Argonaut Gold Inc.), Mining Equity Research Analyst at Macquarie Capital Markets, and over 10 years working in various operations, engineering and project development roles for major diversified miners Inco Limited and Vale Limited. Mr. Singh is a Professional Engineer (P.Eng), a Chartered Professional Accountant (CPA), a Certified Management Accountant (CMA), and holds a Bachelor of Engineering degree (Metallurgy /Minerals Processing) and a Master of Engineering degree (Metallurgy). Ankündigung • Sep 09
Gold Line Resources Ltd. Announces Management Changes Gold Line Resources Ltd. announced the appointment of Mr. Taj Singh as a President and Director of the Company. Mr. Singh's appointment is effective immediately and will be supported by outgoing CEO Adam Cegielski who will continue to serve on the Company's Board of Directors. Mr. Singh brings over 22 years of mining and resources industry experience, including roles as founding President and CEO of publicly listed companies NOA Lithium Brines Inc. and Discovery Silver Corp. With over 22 years of global mining experience, Mr. Singh has demonstrated his capabilities in both the operational and business aspects of mining. Most recently Singh was founding President and CEO of NOA Lithium Brines Inc. (NOA) and he still currently acts as a Strategic Advisor. During Singh's time leading NOA, it advanced significantly, with opportunistic asset acquisitions as a private company, completion of its reverse-takeover and going-public transaction, successful funding rounds, and substantial exploration success; the company rapidly emerged as a premier lithium explorer in the prolific Argentine lithium district. Prior to NOA, Singh spent five years as founding President and CEO of Mexico-focused Discovery Silver Corp. ("Discovery") leading its tremendous growth. For four years, starting at the time of its 2016 go-public, Singh also served as Director and Lead Independent Director of the board of GT Gold Corp. which was subsequently acquired by Newmont Corporation for approximately $400 million. Other roles during Mr. Singh's career include Vice-President Business Development for Mexican gold producer Timmins Gold Corp. (since acquired by Argonaut Gold Inc.), Mining Equity Research Analyst at Macquarie Capital Markets, and over 10 years working in various operations, engineering and project development roles for major diversified miners Inco Limited and Vale Limited. Mr. Singh is a Professional Engineer (P.Eng), a Chartered Professional Accountant (CPA), a Certified Management Accountant (CMA), and holds a Bachelor of Engineering degree (Metallurgy /Minerals Processing) and a Master of Engineering degree (Metallurgy). New Risk • Sep 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.5m free cash flow). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (154% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.92m market cap, or US$2.15m). New Risk • Aug 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (154% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.56m market cap, or US$1.89m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Ankündigung • May 06
Gold Line Resources Ltd. Announces Resignation of Gregory McCunn from the Board of Directors Gold Line Resources Ltd. announced that Gregory McCunn has resigned from the board of directors of the Company effective immediately, and the Board has accepted his resignation. Ankündigung • Dec 29
Gold Line Resources Ltd. Announces Board Elections Gold Line Resources Ltd. at its AGM held on December 23, 2022 approved election of Greg McCunn, Benjamin Gelber and Robert Leckie as directors. Mr Greg McCunn is a senior mining executive with broad experience as a board member of publicly traded companies listed on both the TSX and NYSE. He has thirty years of experience in the mining industry including over thirteen years in CFO and CEO roles. In the past he has held management positions in finance, operations, corporate development and research and development. He has raised over $600 million in equity/debt from the Canadian and US capital markets and completed over $1 billion in merger and acquisition transactions for various junior mining companies in both precious and base metals. Mr. Benjamin Gelber, VP Exploration is a professional geologist with over 17 years industry experience specializing in orogenic gold systems, garnering a deep understanding of geological and structural controls on mineralization in orogenic systems at all scales, including developing and managing large and complex district to camp scale exploration programs. He was previously with Barrick Gold Corporation as Exploration Manager, Guyana. Prior to Barrick, Benjamin held the positions of Generative Exploration Manager, and Group Geology Manager with Asanko Gold Inc., now named Galiano Gold Inc. Mr. Robert Leckie is currently a Vice President of Dundee Corporation and CEO of Agrimarine Holdings. He has 15+ years of experience in the capital markets and has previously been a Vice President at Dundee Resources where he was responsible for identifying, developing, and overseeing investment opportunities. He was also a Co-Managing Director of Dundee Acquisition, the first special purpose acquisition corporation ("SPAC") created in Canada, a Founding board member Nova Royalty Corp, and a board member of Reunion Gold, Magna Terra Minerals, and Cathedra Bitcoin. Mr. Leckie is a co-founder and director of Somerset Energy Partners, Valkyrie Oil Trucking Corp., and South Viking Energy Corp. Ankündigung • Nov 25
Gold Line Resources Ltd. Announces Initial Result from Its 2022 Drill Program At Paubäcken Project in Sweden Gold Line Resources Ltd. announced initial result from its 2022 drill program at the Company's Paubäcken Project ("Paubäcken") in Sweden. The company is excited to report that its initial hole in the Phase 2 drill program. Hole 2022-AID-001 has intercepted 14.55 metres averaging 2.44 grams per tonne (g/t) gold (Au) incl. 0.85m at 9.60 g/t Au and 1.1m at 9.14 g/t Au from 142.25m depth. Hole 2022-AID-001 intercepted mineralization approximately 50 metres down dip from PAU-21-003 drilled in 2021. The Company is awaiting further drill results and expects them later this year, and in early 2023. Drilling is currently ongoing in Sweden and expected to continue until permitted by the local reindeer husbandry. This current drill program represents a continuation of Phase 1 drill program that was initiated in late 2021. The Company plans to complete up to 1,500 metres of diamond drilling at the Aida target on the Paubäcken Project using one drill rig. The program is designed to test over 800 metres of a 5 kilometer identified structural corridor coincident with anomalous top of bedrock gold and pathfinder anomalism. The program will step out on the 22.5 m @ 2.4 g/t Au intercept encountered in 2021 to understand size, geometry, and structural controls of mineralization along the Aida structural corridor. The Phase 1 program in late 2021 completed 5-hole 760 metre winter drilling program was encouraging and confirmed bedrock mineralization identified in the 2021 regional BoT/ToB drilling program. The campaign included 22.5 m of 2.4 g/t Au in PAU21003, located under approximately 20 m of glacial till cover. The 2022 diamond drilling program intends to step out on this intercept to depth and along strike to the north and south on the Aida structural corridor. In 2021 wide-spaced regional BoT/ToB drilling identified several additional anomalous Au and pathfinder anomalies at Aida coincident with sub-parallel structural corridors. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Director Joel Shacker is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Nov 12
Gold Line Resources Ltd. Announces the Resignation of Geoff Balderson from the Board of Directors Gold Line Resources Ltd. announces the resignation of Geoff Balderson from the board of directors. Ankündigung • Oct 14
Gold Line Resources Ltd., Annual General Meeting, Dec 12, 2022 Gold Line Resources Ltd., Annual General Meeting, Dec 12, 2022. Ankündigung • Oct 06
Gold Line Resources Ltd. Announces Diamond Drilling Program At the Paubäcken Project Gold Line Resources Ltd. announced commencement of a diamond drilling program at the 100% owned Paubäcken project located in the Gold Line Belt, northern Sweden. The Company plans to complete up to 1500 metres of diamond drilling at the Aida target on the Paubacken Project using one drill rig. The program is designed to test over 800 metres of identified structural corridor coincident with anomalous top of bedrock gold and pathfinder anomalism. The program will step out on the 22.5 m @ 2.4 g/t Au intercept (see Dec. 27, 2021 news release) to understand size, geometry, and structural controls of mineralization along the Aida structural corridor. Aida Target: The recently completed 5-hole 760 metre winter drilling program was encouraging and confirmed bedrock mineralization identified in the 2021 regional BoT/ToB drilling program. The campaign included 22.5 m of 2.4 g/t Au in PAU21003, located under approximately 20 m of glacial till cover. The 2022 diamond drilling program intends to step out on this intercept to depth and along strike to the north and south on the Aida structural corridor. In 2021 wide-spaced regional BoT/ToB drilling identified several additional anomalous Au and pathfinder anomalies at Aida coincident with sub-parallel structural corridors. Gold Line's Paubacken Project consists of three main target zones, Aida, Belle and Harpsund. Summer work programs continued systematic exploration of the target areas and leave the company well positioned with extensive targets in the project area. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Benjamin Gelber, M.Sc., P.Geo., a Qualified Person. Ankündigung • Sep 16
Gold Line Resources Ltd. announced that it has received CAD 1.5 million in funding On September 15, 2022, Gold Line Resources Ltd. closed the transaction. The company issued 12,500,000 units for gross proceeds of CAD 1,500,000. The company paid CAD 42,504 and issued 354,200 compensation warrants as finder's fees to certain arms-length finders. All warrants issued in the transaction are exercisable till September 14, 2024. All securities issued are subject to a four month and one day statutory hold period expiring on January 15, 2023. Two insiders of the company participated in the transaction and acquired an aggregate of 750,000 units. Ankündigung • Aug 17
Gold Line Resources Ltd. announced that it expects to receive CAD 2 million in funding Gold Line Resources Ltd. announced a non-brokered private placement to issue up to 16,666,668 units at an issue price of CAD 0.12 per unit for gross proceeds of CAD 2,000,000 on August 16, 2022. Each unit will consist of one common share and one-half of one share purchase warrant. Each full warrant will entitle the holder to purchase one common share at a price of CAD 0.25 per common share for a period of 24 months from the date of issuance. The company will pay a finder's fee of 6% on the gross proceeds of the financing from subscribers introduced by certain finders, and will issue such number of finder's warrants as is equal to 6% of the Units sold to subscribers introduced by certain finders. Each finder's warrant will entitle the holder thereof to purchase one common share of the company at a price of CAD 0.25 per finder's warrant Share for a period of 24 months from the date of issuance. All securities issued under the financing are subject to TSX Venture Exchange approval will be subject to a four month and one day hold period after the date of closing. Ankündigung • Jun 14
Gold Line Announces Maiden Mineral Resource Estimate for the Kylmäkangas Gold Deposit Located in the Oijärvi Greenstone Belt, Finland Gold Line Resources Ltd. announced its maiden Mineral Resource Estimate ("MRE") for its Kylmäkangas gold deposit, located within the Oijärvi Greenstone Belt, Northern Finland. The MRE for Kylmäkangas is based on 67 historic drill holes totaling 17,678 m, variably spaced from 35 m to 75 m in along an approximately 1.5 km strike. For the deposit, litho-structural, alteration, and 3D modelling of the mineralized zones were prepared using Leapfrog Geo. Seven (7) separate mineralized lenses were modelled using the alteration zones and a calculated gold equivalent (AuEq) value of 1 g/t. The resource block model was created using Leapfrog Edge software. The block sizes for the resource model were selected to measure 5mx10mx5m and sub-blocked to 0.5mx1mx0.5m minimum height (variable height), based on the basis of drilling density and geometry of the ore bodies. Gold grades were calculated using Inverse Distance-squared interpolation method using hard boundaries around ore zones. The mineral resources are categorized as Indicated and Inferred based on drill spacing and geological and grade continuity. A maximum distance to the closest composite of 35 m for Indicated and 70 m for Inferred was applied in all zones. The Kylmäkangas gold deposit is a shear zone hosted orogenic gold occurrence. The deposit is situated within a significant NE-SW striking shear zone along the contact of syn-kinematic altered quartz-feldspar-porphyry intrusions and a folded and altered sequence of mafic and ultramafic mafic volcanic units metamorphosed to upper greenschist facies. The rocks are strongly sheared and foliated, and breccia textures are common. Mineralization consisting of gold, silver and base metals is hosted within massive quartz veins and breccia zones within the shear corridor. Hydrothermal alteration minerals associated with the gold mineralization includes sericite, biotite, carbonate, and actinolite. Major ore minerals are chalcopyrite, pyrite, galena, tetrahedrite-tennanite, sphalerite and tellurides. The main mineralized zone is located in a dilational jog along the margin of the quartz feldspar porphyry intrusion. Oblique and extensional veins form stacked en echelon higher grade ore shoots that plunge approximately 20 degrees to the north east from the contact with the porphyry. The tectonic style is brittle-ductile shearing where dilational openings within the shear corridors have been occupied by quartz veins. A less well-defined mineralized zone parallel to the south-east of the main mineralized zone has been identified and will be a target of further exploration work. In total, seven semi-continuous but separate ore lodes have been identified and modelled along the 1.5 km strike of the mineralization to an approximate depth of 215 metres, but 80% of all contained metal is in lodes 1 and 2. The Oijärvi Greenstone Belt (OGB) is located in the North Ostrobothnia region of northern Finland, in the Ii Municipality and is one of the least studied greenstone belts in Finland. The greenstones of the OGB are situated within the western part of the Meso-to Neoarchean Pudasjärvi complex. Granitoids and gneisses of the Archean tonalite-trondhjemite-granodiorite (TTG) series surround the Oijärvi Greenstone Belt (OGB). Most of the greenstones are strongly altered and sheared. Bedrock of the OGB is dominated by late Archean greenstones forming a discontinuous belt that measures approximately 80 km in length and varies from 1 to 8 km in width, and branches westwards from the central portion of the belt for 10 km. Age dating on rocks from the OGB yield ages of 2.82-2.80 Ga (Agnico Eagle Finland internal report, 2009), broadly analogous to the age of the Kuhmo, Tipasjärvi and Ilomantsi greenstone belts. The basic and ultrabasic volcanic rocks of the OGB have been classified as Fe/Mg-tholeiites, Cr-basalts, basaltic komatiites, and komatiites. Komatiitic rocks are mainly located in the southwestern part of the belt (Kylmäkangas area). The regional metamorphic grade in the OGB is mid- to upper greenschist facies, whereas amphibolite facies are more common in the southern extent (Yli-Ii area). Both extensive and minor shear zones occur within the OGB. The most significant shear zone is the north south striking Karahka Shear Zone where intense deformation and hydrothermally alteration has occurred. Ankündigung • Jun 11
Gold Line Resources Ltd. Announces Board Changes Gold Line Resources Ltd. announced the appointment of Geoff Balderson to its board of directors. Mr. Balderson has extensive capital market experience. He has served as founder, director, and officer of many CSE and TSXV listed companies over the past 15 years. Prior to this he was formerly an Investment Advisor at Union Securities and Georgia Pacific Securities. The appointment of Mr. Balderson follows the resignation of Simon Studer as director. Ankündigung • May 28
Gold Line Resources Ltd. Announces Completion of the Phase 1 UAV Magnetic Survey over Its 100% Owned Oijärvi Gold Project in Finland Gold Line Resources Ltd. announced that it has completed Phase 1 (of 2) of an unmanned aerial vehicle magnetic survey over its 100% owned ~17,600 Hectare Oijärvi Greenstone Belt Project in northern Finland conducted by Radai Oy based in Oulu Finland. The aim of the survey is to collect data in order to map underlying geology and structural architecture over the entire greenstone belt and determine priority target areas for its 2022 exploration programs and beyond. Gold Line commissioned Radai Oy, an industry leader in UAV magnetic surveys, to conduct the survey. The Phase 1 survey consisted of 2,100 line km over the northern and western portions of the Oijärvi greenstone belt. The central portion of the belt will be flown in early fall in cooperation with local indigenous groups reindeer calving schedules. UAV aeromagnetic geophysical surveys consist of flying an unmanned drone fitted with a magnetometer measuring the intensity of the geomagnetic field over the ground that it flies to detect local magnetic variations between different geological units and structures. The Oijärvi greenstone belt has been subjected to at least two recent glaciation events, depositing extensive glacial till cover over the underlying bedrock ranging from zero in the north to >30 m in some areas of the south. The glacial till layer transports and masks the geochemical signal of bedrock hosted mineral deposits and limits direct field observation of geological and structural information. Ankündigung • May 13
Gold Line Resources Ltd. Announces Reinterpretation of Historic Geophysical Survey Data to Enhance Targeting for 2022 Exploration Program Gold Line Resources Ltd. ("Gold Line" or the "Company") reported that it has successfully concluded a reinterpretation of a 2015 helicopter airborne magnetic geophysical survey by SkyTEM Surveys ApS over the 100% owned Paubäcken project located in the Gold Line Belt, northern Sweden. The survey results have been integrated with known surface and bedrock geology, alteration, and mineralization as well as data from 141 drill holes to produce a 2D structural architecture map. The interpretation was completed by Dr. Perry Eaton, a consulting geophysicist with 35 years experience working primarily during this time for Newmont Mining Corp. The completed geophysical interpretation has identified and confirmed numerous high priority targets. The study also demonstrated that gold and pathfinder element anomalism observed in glacial till and bedrock geochemistry are coincident with high strain structural corridors interpreted from the geophysical data at all target areas on the Paubäcken project. Structural interpretation maps of the Paubäcken project area have now been created combining geophysical data with known basement and outcrop geology. The geophysical interpretation has identified the regionally significant N-S trending first order Gold Line structural corridor to which all known mineralization within the gold line belt displays a spatial relationship. At Paubäcken, this structure forms the western margin of a package of highly folded and deformed basin sedimentary, volcanic and intrusive rocks that host historic and newly identified mineralization within the belt. Of particular interest is the identification of multiple NW-SE trending second order structural corridors interpreted to be conjugate splay structures off the main structural corridor. These second order structures commonly control and host mineralization in orogenic systems and are high priority exploration targets. The study also identified several areas of apparent demagnetization coincident with first and second order structural corridors which may be associated with hydrothermal alteration footprints related to gold mineralization, and with small intrusions that can act as hosts for gold mineralization and that are also high priority exploration targets. The Paubäcken Project consists of 3 licenses (17,097 ha) that cover the central part of an emerging district in north central Sweden known as the "Gold Line Belt". The Gold Line Belt is host to several significant gold deposits, including the nearby Barsele project (operated as a joint venture between Agnico Eagle Mines Ltd. and Barsele Minerals Corp) as well as the Svartliden mine and Fäboliden development project (operated by Dragon Mining Ltd). The Svartliden mine was in production from 2005 to 2015 and a total of 3.18 million tonnes of material grading 4.1 g/t Au was processed during its operation. The Paubäcken Project is strategically positioned between Barsele and Fäboliden, is a few hundred meters northeast of the Svartliden mine, and features a regional shear zone with multiple untested gold anomalies. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Independent Director Joel Shacker is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 21
Gold Line Resources Ltd. Announces Results 2021 Drill Program at Puabäcken Property Gold Line Resources Ltd. provide further results from its base of till/top of bedrock ("BoT/ToB") drill program at its Paubäcken gold project in the Gold Line Mineral Belt in north central Sweden. 2021 BoT/ToB drilling and follow-up diamond drilling confirm structural and geophysical model and identify multiple mineralized corridors along second order structure network. Highlights – Paubäcken Target: Final 117 additional BoT/ToB holes from fall 2021 drill program at Aida, Belle and Harpsund target areas Follow up results at Aida target extended Au and pathfinder anomalism 500 metres (m) north along the shear zone, and discovered new Au and pathfinder anomaly on a sub parallel structure. Initial BoT testing of Harpsund Ionic Leach till anomaly show elevated gold and additional pathfinder indications. In total 7.7% of bedrock samples from the 2021 BoT/ToB drilling program showed anomalous Au values over 0.1 ppm and elevated pathfinder anomalism coincident with interpreted structural corridors and gold in till anomalism. Results from final 2 drillhole results from maiden 5 hole 670m diamond drilling program at Aida target (PAU21004 and PAU21005). PAU21004 intercepted the structure, alteration, geology observed in discovery hole PAU21003 and encountered two zones of broad low grade Au mineralization. PAU21005 was situated several tens of metres east of the structural trend and did not incept the targeted structural corridor. Paubäcken Property: Previous highlights from Paubacken BoT/ToB drilling included a 3-meter sample of bedrock with 3.99 grams per tonne (g/t) gold (Au) and a 1.5 metre sample with 1.425 g/t Au at the Aida target, demonstrating the presence of a blind previously unrecognized bedrock-hosted gold mineralization in the area. Gold Line Resources continued to explore several targets in the Paubäcken project area with additional BoT/ToB sampling in early fall 2021 and subsequently commenced a maiden diamond drill program at the Aida target in late fall 2021. Diamond drilling of the 1.43 g/t ToB target resulted in a 22.5 m intercept of 2.4 g/t Au including 9.5 m of 4.6 g/t Au. The mineralization is mainly hosted by calcsilicate-altered amphibolite within a large shear corridor. Previously unreleased drillholes PAU21004 and PAU21005 were drilled southeast along strike of PAU21003. Although significant mineralization was not encountered, PAU21004 intercepted similar structure, alteration, and geology. Two zones of low-grade mineralization correlate to the zone encountered in PAU21003 situated 60m along strike to the north. PAU21005 was situated 220 m southeast of PAU21004 parallel to the main structural trend and did not intercept same geology or structure. In total 670 m were drilled in 5 diamond drill holes. In addition to BoT/ToB results previously announced in Gold Line News Release November 4th, 2021, the Company has now received all BoT/ToB assay results from its 2021 campaign at the Harpsund, Belle and Aida targets: All targets occur along identified structural features identified from magnetics data and BoT geology, with the anomalism broadly related to zones of structural deformation. Harpsun Target: New BoT/ToB results show a cluster of 8 anomalous bedrock samples of >0.1 g/t Au (21% of the holes) and elevated As anomalism. The drill program was designed to test a large Ionic Leach till anomaly and large area of coincident demagnetization located in an interpreted flexure within the Harpsund structural corridor. These results correspond to a 400 m portion of a 1,900 m gold and associated pathfinder element Ionic Leach till anomaly and interpreted structural corridor. Belle Target: Approximately 500 meters to the southwest of the Harpsund target and 1km to the north of the already known Belle anomaly, the Company extended the ToB anomaly with a line of step-out holes. 20% of the holes in that extension returned samples with anomalous gold values of >0.1 g/t Au. Aida Target: Follow up results at Aida target extend Au and pathfinder anomalism 500m north along Aida shear zone and discover new Au and pathfinder anomaly on a sub parallel structure. Seven samples with anomalous gold values of >0.1 g/t Au and elevated pathfinders were reported in five holes. Drilling has confirmed gold and pathfinder anomalism along two interpreted structural trends from airborne magnetic data, including where diamond drill hole PAU21003 intersected a 53.9 gram-meter (grade-thickness) intercept. The anomalies on these structural trends are priority drill targets for 2022. In total, 201 BoT/ToB holes have been drilled at Paubacken for 2623m in 2020/2021 (170 in 2021 and 31 in 2020). Of these, 7.7% of the 402 bedrock samples collected returned with anomalous gold values of >0.1 g/t Au, all of which correspond to interpreted structural corridors. Further BoT drilling and follow up diamond drilling is planned in the 2022 exploration program to infill and extend along identified structural corridors and confirm bedrock sources of till anomalies. Ankündigung • Apr 01
Gold Line Resources Ltd. Appoints Benjamin Gelber as Vice President, Exploration Gold Line Resources Ltd. announced the appointment of Benjamin Gelber, formerly of Barrick Gold Corporation, as Vice President, Exploration. Benjamin was previously with Barrick Gold Corporation, as Exploration Manager, Guyana where he was responsible for establishing Barrick's office and local team in Guyana, as well as for the identification and assessment of high priority acquisition targets in the Guiana Shield region and negotiation of various Joint Venture, Option, Earn-in and Purchase deals with local and international land holders. Ankündigung • Jan 27
Gold Line Resources Ltd. (TSXV:GLDL) completed the acquisition of Oijärvi Extension property of EMX Royalty Corporation. Gold Line Resources Ltd. (TSXV:GLDL) signed an agreement to acquire Oijärvi Extension property of EMX Royalty Corporation for CND 0.39 million on May 10, 2021. Under the terms, Gold Line will acquire 100% of the extension property in exchange of 1.1 million shares in Gold Line. EMX will also receive an uncapped 3% NSR royalty on the Project. EMX will receive annual advance royalty (“AAR”) payments of 30 ounces of gold on the Project, commencing on the second anniversary of the closing of the transfer, with each AAR payment increasing by five ounces of gold per year up to a maximum of 75 ounces of gold per year. EMX will have an option to receive the AAR payments in gold bullion, a gold bullion cash equivalent, or a value equivalent in shares of Gold Line, subject to certain and agreed upon conditions. EMX will also remain as Gold Line's strategic exploration partner. Completion of the Transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange.
Gold Line Resources Ltd. (TSXV:GLDL) completed the acquisition of Oijärvi Extension property of EMX Royalty Corporation on January 25, 2022. Ankündigung • Dec 28
Gold Line Resources Ltd. Announces Initial Results from Its Maiden Drill Program At the Company's Paubäcken Project in Sweden Gold Line Resources Ltd. announced initial results from its maiden drill program at the Company's Paubäcken Project in Sweden. Five widely spaced reconnaissance drill holes were completed at Paubäcken for a total of 670 meters in October and November 2021. Data from three of the five holes have been certified and received, and the Company is excited to report an intercept of 22.5 m core length averaging 2.40 grams per tonne gold; including a higher grade zone of 9.5 m averaging 4.6 g/t Au beginning at 46.5 m in drillhole PAU21003 . The Company is awaiting results from the remaining drillholes, PAU21004 and PAU21005. This current drill program represents phase one of a two phase 1,500 m maiden drill program that will be completed early summer 2022. Phase I drilling of the program was completed at the end of November, and in agreement with the local reindeer husbandry, Phase II will commence once the reindeer have left the area. DH PAU 21003 targeted a gold-in-bedrock anomaly of 1.43 g/t Au, previously identified at Paubäcken's Aida target in fall 2021, as a result of a base of till/top of bedrock drilling and sampling program . This target was "blind" in the sense that all bedrock in the area is covered by a veneer of glacial till, and there is no bedrock exposure in the target area. The 22.5m intercept within DH PAU21003 is hosted by a strongly sheared amphibolite with intense biotite and calc-silicate alteration. The entire thickness of the amphibolite intersection was mineralized, which suggests there is additional exploration potential in other similar amphibolite units and structural targets. The Company is highly encouraged by the 53.9 gram-meter 1 intercept in DH21003 and plans to utilize these early exploration results to refine additional targets for Phase II of the drill program. Zones of anomalous gold were also intersected in DH PAU21002, which was drilled approximately 450 meters to the southeast of DH PAU21003. This includes a sample with 0.55 g/t Au and numerous samples in the 0.1-0.5 g/t Au range. While not as enriched as the zone of mineralization intercepted in PAU21003, the mineralized intervals in PAU21002 also showed intense biotite and calc-silicate alteration as well as narrow amphibolite zones. The mineralization in PAU21002 appears to occupy a different structural trend than the intercept seen in PAU21003. Gold Line considers these initial results to be significant due to the: lack of exposure and previous exploration in the area; this structural/geochemical trend has not been previously drill tested. shallow nature of the intercepts; DH PAU21003 was drilled at an angle of 50 degrees, which means that depths below surface are 35-55 meters . mineralization being associated with a distinctive style of alteration and hosted by a readily identifiable rock type in the area. position of the mineralized intervals along pronounced geophysical and structural trends known to contain other zones of gold mineralization. numerous comparable structural/geochemical targets identified by the recently completed BoT/ToB drilling and sampling in the area. The initial results from widely spaced reconnaissance holes underscore the potential of the Paubäcken project, with some of the strongest anomalies identified through the BoT/ToB program in the area, yet to be tested in the current drill program. The Paubäcken Project consists of three licenses that cover the central part of an emerging gold belt in north central Sweden known as the "Gold Line Belt". The Gold Line Belt is host to several significant gold deposits, including the nearby Barsele project as well as the Svartliden mine and Fäboliden development project. The Paubäcken Project is strategically positioned between Barsele and Fäboliden, and a few hundred meters north east of the Svartliden mine and features a regional shear zone with multiple untested gold anomalies. Sampling: Samples were collected in accordance with industry standard best practices. Samples were collected by Arctic Drilling AS and submitted for preparation at the MSALABS in Storuman, Sweden. Accredited control samples are inserted into the sample intervals regularly. Drill core is sawed with a semi-automatic core saw, then core samples are crushed to a 70% pass 2mm, split, and pulverized to 85% passing 75µm. Pulps are analyzed at the MSALABS in Langley, BC, Canada with a four-acid digestion and ICP-MS/AES finish as well with a 30g Fire Assay and ICP-AES finish for gold analysis. A gravimetric determination for samples above 10g/t Au is used. Ankündigung • Sep 26
Gold Line Resources Ltd. announced that it expects to receive CAD 1.3 million in funding Gold Line Resources Ltd. announced a non-brokered private placement of 10,833,334 units at a price of CAD 0.12 per unit for aggregate gross proceeds of CAD 1,300,000 on September 24, 2021. The transaction will include participation from 2 insiders of the company for 520,000 units. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of CAD 0.18 per warrant share for a period of twenty-four months from the date of issuance. The warrants are subject to an acceleration right that allows the company to give notice of an earlier expiry date if the company's closing share price on the TSX Venture Exchange is equal to or greater than CAD 0.32 for a period of ten consecutive trading days. The company will pay a finder's fee of 6% on the gross proceeds from subscribers introduced by certain finders, and will issue such number of finder's warrants as is equal to 6% of the units sold to subscribers
introduced by certain finders. Each finder's warrant will entitle the holder thereof to purchase one common share of the company at a price of CAD 0.18 per share for a period of twenty-four months from the date of issuance, subject to the acceleration right. All securities issued will be subject to a four month and one day hold period. The transaction is subject to approval from the TSX Venture Exchange. The transaction is fully subscribed. Ankündigung • Aug 12
Gold Line Resources Announces Extension of Gold Mineralization Discovered by Base of Till Drilling at Storjuktan Project, Sweden Gold Line Resources Ltd. announced successful results from the base of till/top of bedrock (BoT/ToB)) sampling program as well as completion of an Unmanned Airborne Vehicle (UAV) Magnetic Survey at the Storjuktan Project. The company successfully completed the collection of 191 of 269 BoT/ToB samples of a program which is designed to be completed over two seasons (Figure 1). The company also completed 544 line-km of UAV magnetics which covered a 24 km2 area at 50m spacing flown 35m above ground level. The goal of these surveys was to refine gold (Au) anomalies and increase precision of existing geophysics with the intention to successfully target diamond drillholes (DDH) in 2021. The program was successful and confirmed the extension of gold mineralization along strike from Långtjärn target and included results up to 1.27 grams per tonne (g/t) Au in top of bedrock (ToB) samples. These positive results expand the existing area of known gold mineralization and provide additional clarity and understanding such that the company is comfortable targeting drillholes that have a high probability of success. Previous exploration efforts identified extensive mineralization through limited historical drilling and more recently with geochemical and geophysical programs. The target contain historical drill-defined zones of mineralization which remain open at depth and along strike with intercepts including 6.9m at 3.0 g/t Au (DDH88012) and 2.1m at 4.5 g/t Au (DDH88013) at Långtjärn.1 At the Långtjärn target, it was postulated that mineralization around historic drillholes extended and even intensified to the south. This BoT/ToB program confirms this hypothesis and expands the surface area of known gold mineralization by twice its initial size. Ankündigung • Jun 25
Gold Line Resources Ltd. (TSXV:GLDL) and EMX Royalty Corporation (TSXV:EMX) completed the acquisition of Oijärvi Gold and Solvik Gold Project from Agnico Eagle Mines Limited (NYSE:AEM). Gold Line Resources Ltd. (TSXV:GLDL) and EMX Royalty Corporation (TSXV:EMX) entered into a definitive agreement to acquire Oijärvi Gold and Solvik Gold Project from Agnico Eagle Mines Limited (NYSE:AEM) for $10 million on March 17, 2021. As per the transaciton, Gold Line will purchase the 100% interest in the projects from Agnico and Agnico will retain a 2% NSR royalty on the Projects, 1% of which may be purchased at any time by EMX for $1 million. Consideration for the transaction is $10 million, comprised of $7 million in cash, $1.5 million in common shares of EMX and $1.5 million in common shares of Gold Line, which shall be paid to Agnico as follows; (a) Upon signing of the agreement - cash payment of $0.75 million, $0.375 million of EMX Shares and $0.375 million of Gold Line Shares; (b) on the first anniversary of the agreement - cash payment of $1.5 million, $5 million of EMX Shares and $5 million of Gold Line Shares; (c) on the second anniversary of the agreement - cash payment of $1.75 million, $6.25 million of EMX Shares and $6.25 million of Gold Line Shares; and (d) on the third anniversary of the agreement - cash payment of $3 million. As part of the agreement, EMX will receive cash and share payments from Gold Line, as well as the purchase right of 1% of Agnico’s 2% NSR royalty; (a) Upon signing of the agreement - $0.375 million of Gold Line Shares; (b) on the first anniversary of the agreement - cash payment of $0.25 million and $0.25 million of Gold Line Shares; and (c) on the second anniversary of the agreement - cash payment of $0.312 million and $0.313 million of Gold Line Shares.
Upon completion of the transaction, Gold Line intends to pay a fee of $0.2 million to be split evenly between two arms-length third-parties who assisted in facilitating the transaction, and to be satisfied through the issuance of common shares of Gold Line. EMX will receive additional shares in Gold Line that will increase EMX’s ownership position. All common shares issued in connection with the Transaction will be based on the volume-weighted average price for the 20 trading days prior to the date of issuance. Completion of the transaction is subject to customary closing conditions, including the approval by the TSX Venture Exchange.
Gold Line Resources Ltd. (TSXV:GLDL) and EMX Royalty Corporation (TSXV:EMX) completed the acquisition of Oijärvi Gold and Solvik Gold Project from Agnico Eagle Mines Limited (NYSE:AEM) on June 24, 2021. Ankündigung • Jun 01
Gold Line Resources Ltd. Announces Completion of Winter Base of Till Program at Storjuktan and Blåbärliden Gold Line Resources Ltd. provided an exploration update for the Storjuktan and Blåbärliden gold projects in the Gold Line mineral belt of north-central Sweden, where Base of Till ("BoT") sampling continues to delineate further gold anomalies in both projects. The Company has completed approximately 360 shallow drillholes of the planned 474 drillhole locations for the BoT program at Storjuktan and Blåbärliden that began in November of 2020 with the aim of testing geochemical anomalies generated over the previous two field seasons. The drilling was done using a percussion hammer drill rig to drill through the glacial till overburden and 3 meters into bedrock. Samples were collected through the till profile as well as in the underlying bedrock. This is intended to enable the Company to identify gold anomalies in the bedrock as well as any dispersion fans present in the glacial transported material. A key focus of the BoT programs at Storjuktan was the area south of the historic diamond drill target at Långtjärn. In the late 1970's and early 1980's the Geological Survey of Sweden conducted regional exploration for gold throughout the region and drilled 16 holes at the Långtjärn prospect. The resultant gold intercepts improved in thickness as well as grade to the south and the drill defined zone of mineralization still remains open in that direction. At Blåbärliden BoT drilling was concentrated around the extensions of the Gubbträsk Björkbäckmyran targets. Like Långtjärn, the Gubbträsk target was a focus of historical drill campaigns that delineated a near surface zone of gold mineralization. Gold mineralization was also recognized at Björkbäckmyran by historical exploration programs. Results from the 2020-2021 BoT programs are currently being compiled and synthesized. Next steps include follow-up diamond drilling later summer/fall 2021, and drilling of the remaining BoT holes and additional sampling programs in the winter months of 2021-2022. Storjuktan: Storjuktan is located at the northern extension of the Gold Line and was actively explored for gold in the late 1970s and early 1980s. Several of the historical diamond drill-holes intersected gold in what is now known as the Långtjärn prospect. The mineralisation in the historic drilling continued to improve in thickness as well as grade to the south when the historic programs were curtailed, with mineralization remaining open at depth and along the projection of the mineralized trend to the south. At Storjuktan, the Company completed 191 of the 296 planned BoT holes. The program was designed to be completed in two seasons and is focused on the southern extension of the Langtjärn prospect as well as the promising Boulder City prospect. The remaining BoT holes will be drilled in the next winter drilling season in addition to other targets. Blåbärliden: At Blåbärliden the Company completed 169 of the 182 planned surficial drillholes. The program targeted extensions of the Gubbträsk gold mineralization as well as the Björkbäckmyran prospect. The Björkbäckmyran prospect was historically explored with surface till sampling and some detailed BoT programs which yielded encouraging results that were never followed up. The Company is targeting extensions of the historical work in both target areas. Ankündigung • May 22
Gold Line Resources Ltd. (TSXV:GLDL) signed a definitive share purchase agreement to acquire Nordic Route Explorations Ltd from shareholders for SEK 18.1 million. Gold Line Resources Ltd. (TSXV:GLDL) signed a definitive share purchase agreement to acquire Nordic Route Explorations Ltd from shareholders for SEK 18.1 million on May 20, 2021. As part of the consideration Gold Line Resources will issue 7 million common shares. Completion of the transaction remains subject to the approval of the TSX Venture Exchange, as well as the completion of due diligence and cannot be completed until such approval has been received and due diligence completed. Ankündigung • May 12
Gold Line Resources Ltd. (TSXV:GLDL) signed an agreement to acquire Oijärvi Extension property of EMX Royalty Corporation for CND 0.39 million. Gold Line Resources Ltd. (TSXV:GLDL) signed an agreement to acquire Oijärvi Extension property of EMX Royalty Corporation for CND 0.39 million on May 10, 2021. Under the terms, Gold Line will acquire 100% of the extension property in exchange of 1.1 million shares in Gold Line. EMX will also receive an uncapped 3% NSR royalty on the Project. EMX will receive annual advance royalty (“AAR”) payments of 30 ounces of gold on the Project, commencing on the second anniversary of the closing of the transfer, with each AAR payment increasing by five ounces of gold per year up to a maximum of 75 ounces of gold per year. EMX will have an option to receive the AAR payments in gold bullion, a gold bullion cash equivalent, or a value equivalent in shares of Gold Line, subject to certain and agreed upon conditions. EMX will also remain as Gold Line's strategic exploration partner. Completion of the Transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange. Is New 90 Day High Low • Feb 09
New 90-day high: CA$0.50 The company is up 47% from its price of CA$0.34 on 10 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Ankündigung • Jan 22
Gold Line Resources Provides Exploration Update and Announces Base of Till Sampling Program Is Underway Gold Line Resources Ltd. provided an overview of its 2020 exploration programs undertaken on several of its 100% owned gold exploration projects, and announces that subsequent Base of Till sampling is underway. The 2020 programs covered extensive portions of the Paubäcken, Storjuktan and Blåbärliden project areas, all located on the Gold Line Mineral Belt in north central Sweden. These exploration programs consisted of extensive groundwork including detailed geologic mapping, extensive geochemical sampling and geophysical surveys. Geochemical sampling continued to be a focus of this year's work, and included rock chip, soil, glacial till and stream sediment sampling campaigns. Both ground and aerial (drone) geophysical surveys were also used to compliment geologic mapping in select areas. Ankündigung • Dec 18
Gold Line Resources Ltd. Announces Board Changes Gold Line Resources Ltd. announced the appointments of Mr. Benny Mattsson, P.Geo., and Mr. Lewis Teal as members of the Company's newly formed Technical Advisory Board. The Technical Advisory Board was established by the Board of Directors to provide added expertise and guidance to Gold Line's Management and Geolgoical teams in the development of optimal exploration strategies and programs for the Company. Benny has an extensive background leading teams in both greenfields and district-sized exploration programs, and has focused a considerable amount of his career in the prolific Skelleftea District of Sweden, where he held various exploration management positions with the country's largest mining company, Boliden. Mr. Teal has 40 year's experience in the natural resources industry, including greenfields exploration, as well as, near-mine exploration and development. Most notably, Lewis served as Exploration Manager for Newmont Mining's Yanacocha operation from 2002 to 2006, and served as Newmont's Manager and Group Executive of Exploration and Early-Stage Development for South America and the Caribbean Region (2006-2015).