Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Mike Taylor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Oct 19
MegumaGold Corp. Announces Metallurgical Testing of Core Samples from the Elmtree Project in New Brunswick MegumaGold Corp. announced that the metallurgical testing of core samples from the Elmtree Project in New Brunswick is in the final stage of completion. The metallurgical tests follow a diamond drilling program completed in December 2022 which resulted in thick core intervals ranging up to 3.46 grams/tonne ("g/t") gold over 23.28 metres including samples grading up to 12.60 g/t gold over 1.35 metres. The drilling program comprised of 7 holes drilled into the West Gabbro Zone for a total of 707 metres. After assays were completed, the samples were sent to Blue Coast Research Ltd. direct from the ALS Laboratory in Moncton, New Brunswick. The test work includes chemical and mineralogical characterization, flotation and cyanidation among others. The test work is expected to wrap up this month. The Elmtree Project is host to 2 significant gold deposits known as the West Gabbro Zone (WGZ) and the South Gold Zone (SGZ) drilled by previous workers in 1985 and 1986. They reported core intervals of pyrrhotite-pyrite-arsenopyrite mineralization grading up to 7.61 g/t over 6.4 metres (hole ME85-04) and individual core samples grading up to 16.77 g/t over 1.28 metres (hole ME86-34). The WGZ is hosted mainly within claim 7923. The South Gold Zone is entirely within claim 7923. Claim7923 is a 2-unit mineral claim covering 44 hectares. Claim 7923 is one of 20 mineral claims wholly-owned by MegumaGold and comprises the Elmtree Gold Project. The claims cover 10,779 hectares spread over an area of prospective mineral land located 20 kilometres northwest of Bathurst, New Brunswick. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Mike Taylor was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 13
MegumaGold Corp. Provides Results from its 2021 Diamond Drill Program at the Caribou Gold Project MegumaGold Corp. provided results from its 2021 diamond drill program at the Caribou Gold Project (“Caribou”) located approximately 10 kilometres north of Atlantic Gold’s Touquoy Mine and Moose River Consolidated mill site and surrounded by Atlantic Gold claim holdings in Nova Scotia, Canada. Four NQ holes totaling 620 metres were drilled near the surface extension of the historic workings that produced over 91,000 ounces of gold intermittently from 1869 to 1968 at an average grade of 13.27 grams per tonne. Hole MG21-01, designed to twin CM87-23, intersected 6 gold-bearing intervals ranging up to 37.10 g/t gold over 1.10 m at a depth of 200 m. Although planned as a twin, hole MG21-02 was actually collared on a site 18 m along strike from CM88-11 that intersected 10.86 g/t gold over 11.22 metres. Hole MG21-02 intersected 4 gold zones ranging up to 6.90 g/t gold over 4.83 m. MG21-03 and MG21-04 were planned step outs from the 2 initial holes. Selected assay results are shown in the table below. The results for hole MG21-01 are preliminary as re-assays are pending on selected samples from that hole. All four drill holes encountered stratabound (bedding parallel) quartz as well as stockwork type veining. Most of the historic gold production came from the latter type of structure. MegumaGold is planning an additional drill program to expand known gold-bearing structures and to test for potential extensions. Other targets include areas where disseminated gold occurs in sedimentary rocks not necessarily associated with quartz veining. The completion of the drilling program finalized the expenditure requirements of the option agreement with John Logan Enterprises Ltd. allowing the Company to own 100% interest on the 16 claims (total 256 hectares) Caribou property and has initiated the transfer of these claims. The Company controls the surrounding area of the historic mine site. Annonce • Apr 01
MegumaGold Corp. Drills Broad Gold Zones at Elmtree Gold Project MegumaGold Corp. announced that it has drilled thick core intervals ranging up to 3.46 grams/tonne gold over 23.28 metres, including samples grading up to 12.60 g/t gold over 1.35 metres at the Elmtree Gold Project located in New Brunswick, Canada. QA-QC Procedures: Core was secured in trays and delivered to a facility in Bathurst, New Brunswick where it was logged and marked for sampling. Sample lengths range from 0.4 to 1.5 metres and core marked for sampling was sawn in half. One half was retained in the core trays for reference and the other half placed in sample bags. Blanks and standards were inserted in the sample sequence. The sample bags were delivered to the ALS Chemex laboratory in Moncton, New Brunswick for gold analysis using ALS Chemex code Au-AA23. The previous drilling data results mentioned above in this news release are based on historical data that predates NI43-101 procedures. Conversion factor 34.286 g/t = 1 ounce per ton. The Elmtree Project: The Elmtree Project is host to two significant gold deposits known as the WGZ and the South Gold Zone drilled by previous workers in 1985 and 1986. They reported core intervals of pyrrhotite-pyrite-arsenopyrite mineralization grading up to 7.61 grams/tonne gold over 6.4 metres and individual core samples grading up to 16.77 g/t gold over 1.28 metres. The WGZ is hosted mainly within claim 7923. The SGZ is entirely within claim 7923. Claim7923 is a 2-unit mineral claim covering 44 hectares. Annonce • Dec 16
MegumaGold Corp. Launches Diamond Drilling Program on Elmtree Gold Project in New Brunswick MegumaGold Corp. announced that drilling has commenced at the Elmtree Gold Project in New Brunswick. The primary target is the West Gabbro Zone where previous workers reported composite core intervals grading up to 7.61 grams/tonne Au over 6.4 m and individual core samples grading up to 16.77 g/t over 1.28 m drilled in 1985 and 1986. The Company intends to complete up to 2,000 m of core drilling for approximately 12 holes for this program. The Elmtree Project is host to two significant gold deposits known as the West Gabbro Zone and the South Gold Zone. QA-QC Procedures. All drilling data and results are based on historical data that predates NI43-101 procedures. Conversion factor 34.286 g/t = 1 ounce per ton. Based on historical maps, The WGZ is hosted mainly within claim 7923 owned by MegumaGold but extends westward onto a claim held by another company. The South Gold Zone is entirely within the Company’s property. Claim 7923 is one of 20 mineral claims wholly-owned by MegumaGold and comprising the Elmtree Project. The claims cover 10,779 hectares spread over an area of prospective mineral land located 20 km northwest of Bathurst, New Brunswick. The resources described in this News Release are historic in nature and based on a Technical Report filed in 2008. This Technical Report would not qualify under current NI 43-101 regulations with respect to the use of drilling data that pre-dates NI43-101. The Company considers the historical drill results relevant in guiding exploration efforts and planning but will need to undertake additional drilling to meet current NI 43-101 regulations. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Sep 10
Director Fred Tejada has joined 7th company board CEO & Director Fred Tejada has been appointed to the board of Volatus Capital Corp. (CNSX:VC). Tejada now sits on a total of 7 company boards. With 7 board positions including the role of CEO at Volatus Capital Corp. (CNSX:VC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Annonce • Aug 26
MegumaGold Corp. Announces Drilling Has Been Completed At the Caribou Gold Project MegumaGold Corp. announced that drilling has been completed at the Caribou gold project. Maritime Diamond Drilling Ltd. of Brookfield, Nova Scotia has demobilized their EF-50 rig. Approximately half the drilling, in two NQ-sized diamond drillholes, twinned important historical drillholes, half were step-out and in-fill drillholes. These drillholes may also improve on the widths of quartz vein zones where previous drilling campaigns did not account for good grades within vein wall zones. A total of 4 diamond drillholes in 620 metres were completed on August 10th. The first shipment of samples were received on 17th August, with the remainder arriving soon at Activation Laboratories Ltd. Samples will be tested for gold by Fire Assay with a portion checking the presence of other elements by ICP. Annonce • Aug 11
MegumaGold Commences Drilling at Caribou Gold Project in Nova Scotia MegumaGold Corp. announced that drilling has started at the Caribou gold project ("Caribou" or the "Project"). Maritime Diamond Drilling Ltd. of Brookfield, Nova Scotia has mobilized their EF-50 rig to the property last week to begin a minimum 600m multi-hole drilling program. The Project consists of 16 contiguous mining claims (256 hectares) located 80 km northeast of Halifax, Nova Scotia and is approximately 12 kilometers on existing roads from St Barbara Minerals Moose River Consolidated operating mill. Nova Scotia government records for the Caribou Gold District indicate that the area produced slightly over 100,000 ounces of gold between 1869 and 1955. The main styles of gold mineralization currently defined is in the area of the past-producing Holman Mine. This was the large historical mine in the Caribou Gold District and was operated by Consolidated Mining and Smelting Ltd. (Cominco) between 1932 and 1947. The main source of gold production was a plunging quartz stockwork zone developed over a vertical distance of approximately 220 meters and along a length of approximately 400 meters. Subsequent exploration by Seabright Exploration Inc. in the 1980's identified additional parallel, gold-bearing stockwork zones that to date have not been fully delineated by drilling. A northwest-trending structural corridor that crosses the northeast-trending Caribou Anticline controls the location of the plunging stockwork zones. Cominco also mined several bedding-parallel quartz veins, the most notable of which was the "High Grade Vein". The reported average gold grade during Cominco's production period is ~14 g/t. Mercator Geological Services Limited of Dartmouth, Nova Scotia completed a geological modelling of the Project using a Seequent-Leapfrog® digital geological modeling program. The Project's historical drilling database, underground sampling results, and a digital model of historical mine workings were combined in a 3D geological model which aided the determination of drilling targets. Annonce • Jul 23
MegumaGold Corp. to Initiate Drilling Program At Caribou Gold Project in Nova Scotia MegumaGold Corp. announce that it anticipates to start core drilling in early August at the Company’s Caribou Gold Project (“Caribou” or the “Project”) located in Nova Scotia, Canada. The Project consists of 16 contiguous mining claims (256 hectares) located 80 km northeast of Halifax, Nova Scotia. Nova Scotia government records for the Caribou Gold District indicate that the area produced slightly over 100,000 ounces of gold between 1869 and 1955. Maritime Diamond Drilling Ltd. of Brookfield, Nova Scotia has been retained to carry out a multi-hole diamond drilling program at Caribou that will assess the main styles of gold mineralization currently defined in the area of the past-producing Holman Mine. This was the large historical mine in the Caribou Gold District and was operated by Consolidated Mining and Smelting Ltd. (Cominco) between 1932 and 1947. The main source of gold production was a plunging quartz stockwork zone developed over a vertical distance of approximately 220 meters and along a length of approximately 400 meters. Subsequent exploration by Seabright Exploration Inc. in the 1980’s identified additional parallel, gold-bearing stockwork zones that to date have not been fully delineated by drilling. A northwest-trending structural corridor that crosses the northeast-trending Caribou Anticline controls the location of the plunging stockwork zones. Cominco also mined several bedding-parallel quartz veins, the most notable of which was the “High Grade Vein”. The reported average gold grade during Cominco’s production period is 14 g/t. Annonce • Jun 22
MegumaGold Corp. Completes Geochemical Sampling on Murchyville South Project Area, Southwest of St Barbara’s Touquoy Gold Mine in Nova Scotia MegumaGold Corp. announced that it has completed an extensive soil geochemistry, till sampling and prospecting program on its Murchyville South Project Area, which consists of exploration licences optioned previously from Genius Metals Inc. Laboratory results for the program have not yet been received. The work completed is estimated to cost more than $100,000, the minimum amount of expenditure required for an initial exploration program based on the agreement executed between MegumaGold and Genius Metals Inc. This will allow the Company to earn a 49.9% interest in the property including related rights and data. The Genius Licences total 1619 hectares in surface area and are interpreted by the Company to encompass the Western Extension of the Moose River trend which hosts St. Barbara Limited’s operating Touqouy Gold Mine and its Beaver Dam and Fifteen Mile Stream development projects. In combination, these St. Barbara holdings contained Proven and Probable Mineral Reserves of 1.74 million contained gold ounces at that firm’s June 30, 2020 year end. Touquoy Gold Mine production guidance for 2021 is 100,000 to 110,000 ounces of gold at all-in-sustaining-costs between USD 738- 809/oz, making it one of the lowest cost producers in the world (Information regarding the Touquoy Gold Mine and the Beaver Dam and Fifteen Mile Stream development projects is taken from a St. Barbara Limited Corporate Presentation dated May 4, 2021 that is available on that company’s website). Previous MegumaGold field work in this area was focused on the adjoining Touquoy West Project area and was successful in defining large arsenic in soil anomalies supported by corresponding elevated gold results. These anomalies trend along the interpreted west extension of the Moose River anticline that hosts the open pit Touquoy Gold Mine. The Company believes that this structure can be traced along an aeromagnetic trend that extends from the Touquoy Gold Mine area southwesterly across St. Barbara Limited’s holdings and then across MegumaGold’s Touquoy West holdings. At that point it is interpreted to continue beyond MegumaGold’s west property boundary onto the optioned Genius property (Murchyville South Project Area). The main western soil anomaly identified by the Company’s 2019 work at Touquoy West slightly exceeds 2,000 m in strike length, has a width ranging from 100 to 700 m, and remains open along strike to the southwest, onto the Genius Licences. Annonce • Jan 08
MegumaGold Corp. (CNSX:NSAU) entered into a definitive agreement to acquire Substantially All of the Assets of Canadian GoldCamps Corp. for CAD 7.5 million. MegumaGold Corp. (CNSX:NSAU) entered into a definitive agreement to acquire Substantially All of the Assets of Canadian GoldCamps Corp. for CAD 7.5 million on January 4, 2021. All of the Assets of Canadian GoldCamps Corp will include and the associated working capital in exchange for securities of MegumaGold Corp. the sale price for Canadian GoldCamps’ assets will be comprised of 1.1 shares of MegumaGold multiplied by 75.4 million common shares as fully paid and non-assessable at an attributed price of $0.105 per payment share each one issued and outstanding share of Canadian GoldCamp as of November 16, 2020. In addition, all outstanding options and warrants of Canadian GoldCamps that have not been duly exercised prior to the closing of the transaction will be exchanged for options and warrants of MegumaGold. The Proposed Transaction will be subject to approval by a special resolution of 66 2/3% of Canadian GoldCamps shareholders. Upon the shareholders approval of the transaction, Canadian GoldCamps intends to distribute the Consideration received from MegumaGold directly to its shareholders and Canadian GoldCamps then intends to delist from the Canadian Securities Exchange. Securities which are distributed to Canadian GoldCamps shareholders will be subject to a total of a four-month and one-day hold period from the date of closing of the transaction. Annonce • Dec 23
MegumaGold Corp., Annual General Meeting, Jan 04, 2021 MegumaGold Corp., Annual General Meeting, Jan 04, 2021, at 11:30 Pacific Standard Time. Location: Suite 810 789 West Pender Street Vancouver British Columbia Canada Annonce • Jul 31
MegumaGold Corp. (CNSX:NSAU) acquired 21 exploration licenses comprised of 477 mineral claims in Nova Scotia. MegumaGold Corp. (CNSX:NSAU) acquired 21 exploration licenses comprised of 477 mineral claims in Nova Scotia on April 14, 2020. The claims were acquired at a cost approximately equal to mineral license fees paid to the Government of Nova Scotia and a 2% gross royalty was granted on the claims in connection with the purchase.
MegumaGold Corp. (CNSX:NSAU) completed the acquisition of 21 exploration licenses comprised of 477 mineral claims in Nova Scotia on April 14, 2020. Annonce • Jul 30
MegumaGold Corp. Auditor Raises 'Going Concern' Doubt MegumaGold Corp. filed its Annual on Jul 21, 2020 for the period ending Mar 31, 2020. In this report its auditor, Dale Matheson Carr-Hilton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.