Tillkännagivande • Dec 11
Goldflare Exploration Inc., Annual General Meeting, Mar 06, 2026 Goldflare Exploration Inc., Annual General Meeting, Mar 06, 2026. New Risk • Mar 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% 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 Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.44m market cap, or US$999.6k). Tillkännagivande • Mar 16
Goldflare Exploration Inc. announced that it has received CAD 0.265 million in funding On March 14, 2025, Goldflare Exploration Inc. closed the transaction. The company issued 5,888,889 units at an issue price of CAD 0.045 per unit for the gross proceeds of up to CAD 265,000. No insider participated to this placement, and no intermediary fees were engaged. The offering is subject to final approval from the TSX Venture Exchange. New Risk • Feb 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor 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 Revenue is less than US$1m. Market cap is less than US$10m (CA$1.30m market cap, or US$906.7k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Tillkännagivande • Jan 28
Goldflare Exploration Inc. announced that it expects to receive CAD 0.504 million in funding Goldflare Exploration Inc. announced a private placement that it will issue up to 11,200,000 units at an issue price of CAD 0.045 per unit for the gross proceeds of up to CAD 504,000 on January 27, 2025. Each unit consists of one common share and one warrant allowing the holder to acquire one common share at a price of CAD 0.07 per share, for a period of 12 months following the closing of the Placement. Closing is expected on February 24, 2025 or before. This private placement is subject to the finalization of formal documentation, regulatory approvals and conditional on the approval of the TSX Venture Exchange. The securities to be issued as part of the financing will be subject to a minimum holding period of four months plus one day following the closing date. Tillkännagivande • Jan 07
Goldflare Exploration Inc. Announces Drilling Program on Goldfields Property Goldflare Exploration Inc. announced that it is ready to initiate a new drilling phase on the Goldfields property, which borders the Fayolle pit operated by Iamgold. The Company has been working since 2020 to integrate drilling data and geophysical surveys that covered the property to generate a reliable exploration model. In 2023, gold results obtained over a lateral extension of 100 meters confirmed the gold potential of the Goldfields zone, including 1.3 g/t gold over 22.8 meters with an enriched interval of 5.8 g/t gold over 2.4m in drill hole AIG-23-26. A high grade of 113 g/t over 1m was obtained in drill hole AIG-23-13 along the same structure. Starting in January 2025, the company plans to undertake a program of approximately 2,500 meters of drilling distributed across 7 drill holes. The drilling targets the following three objectives: Increase the size of the Goldfields mineralized zone. The interpretation of the mineralized structure shows a general northeast orientation, which is laterally continuous over approximately 100 meters. The dip varies between 65° and 75° to the northwest. Interpreted true thicknesses vary between 3.5 and 22 meters. The drilling will test the extension of mineralization to a depth of 250 meters. Explore the periphery of the Goldfields zone. Two 400-meter holes will specifically target the extension of the Goldfields system northward between 100 and 150 meters from known mineralization. The interpretation of the structural pattern based on magnetic surveys indicates a correlation with the Fayolle deposit located approximately 700 meters to the west. Test the Paré target. The target is located in the southeast corner of the property, bordering the waste rock pile of the Fayolle pit. Previous drilling work has shown the presence of several gold anomalies associated with syenite dykes similar to those observed in the Fayolle deposit. The best mineralized interval obtained comes from drill hole AIG-20-01, which yielded a grade of 2.03 g/t over 0.5 meters at the contact between volcanic rocks of the Kinojévis Group to the north and sediments of the Kewagama Group to the south at a vertical depth of approximately 150 meters. This result has not yet been followed up by drilling. Two (2) 300-meter holes will test this target. The gold values intercepted on the Goldfields property are hosted in altered lamprophyre and syenite intrusions in fault contact between ultramafic volcanic rocks and basalts. The mineralization takes the form of free gold trapped in a network of joints and veinlets associated with minor amounts of sulfides (pyrite, chalcopyrite) and magnetite. These observations are consistent with the geology of Iamgold's Fayolle deposit located approximately 700 meters to the east. The preliminary interpretation based on magnetic surveys has clearly demonstrated that the Fayolle deposit is part of the same structural pattern as the Goldfields property. Tillkännagivande • Jul 20
Goldflare Exploration Inc. announced that it has received CAD 0.182 million in funding On July 19, 2024, Goldflare Exploration Inc. closed the transaction. The company will now issue 4,666,668 common shares at a price of CAD 0.015 per unit for the gross proceeds of CAD 70,000.02 and 5,600,000 flow-through units at a price of CAD 0.02 per FT unit for the gross proceeds of CAD 112,000, for total gross proceeds of CAD 182,000.02. No finder’s fees were incurred and three insiders participated in the unit Offering. Finder’s fees of CAD 2,820 were incurred for the financing and two insiders participated in the flow-through Offering. All the securities issued are subject to a minimum holding period of four months plus one day. These Offerings are subject to final approval from the TSX Venture Exchange. Tillkännagivande • Jun 28
Goldflare Exploration Inc. announced that it expects to receive CAD 0.2 million in funding Goldflare Exploration Inc announced a private placement offering of minimum of 3,333,333 units at an issue price of CAD 49,999.995 and maximum of 6,666,666 units at an issue price of CAD 99,999.99 and second private placement offering consists of minimum of 2,500,000 units at an issue price of CAD 0.02 for the gross proceeds of CAD 50,000 and maximum of 5,000,000 units at an issue price of CAD 0.02 per unit for the gross proceeds of CAD 100,000; aggregate gross proceeds of minimum of CAD 99,999.995 and maximum of CAD 199,999.99 on June 27, 2024. Each unit consists of one common share and one common share purchase warrant at a price of CAD 0.05 per share, for a period of 36 months following the closing of the placement and second private placement offering of one flow-through unit 1 flow-through common share and 1 common share purchase warrant the holder to acquire one common share at a price of CAD 0.05 per share, for a period of 12 months following the closing of the Placement. Closing for both placements are expected by July 12th, 2024. These private placements are subject to the finalization of formal documentation, regulatory approvals and conditional on the approval of the TSX Venture Exchange. The securities to be issued as part of the placements will be subject to a minimum holding period of four months plus one day following the closing date. Tillkännagivande • Jun 27
Goldflare Exploration Inc. Announces Chief Executive Officer Changes Goldflare Exploration Inc. announce that Mr. Michel Desjardins, currently President of the Board of Directors, has been appointed as the Chief Executive Officer (CEO) of the Company. Mr. Desjardins succeeds Mr. Ghislain Morin, who, due to significant health issues, has decided to step down from his position. However, Mr. Morin will retain his role on the board of directors. All members of the management and the board would like to thank Mr. Morin for his service since he took office in 2019. Furthermore, Ms. Sara Pedneault, a production geology engineer who currently serves on the board of directors and the audit committee of the Company, will assume the role of Chairperson of the Board of Directors. Tillkännagivande • Jun 26
Goldflare Exploration Inc., Annual General Meeting, Aug 21, 2024 Goldflare Exploration Inc., Annual General Meeting, Aug 21, 2024. Tillkännagivande • Apr 17
Goldflare Exploration Inc. Produces New Targets on Goldfields Goldflare Exploration inc. announced a follow up in the extension of the Goldfields gold zone, up to the Destorbelle historical gold showing located up to 3.5km westward along the Porcupine-Destor Break. The Company will evaluate 5 targets aided by the interpretation of historical magnetic surveys and the use of gold biogeochemistry. Goldflare determined that this approach should be preferred given the lack of outcrop and the thickness of the topsoil in targets areas. The Company is convinced that the center of significant mineralized system is probably not known. Interpretation of the Goldfields mineralized zone shows a general northeast orientation, which is continuous along strike for approximately 100 metres. The dip varies between 65° and 75° to the northwest. The interpreted true thicknesses vary between 3 and 22 meters. Gold results obtained in 2023 over a 100-metre strike length confirmed the gold potential of such structures, including 1.3 g/t gold over 22.8 metres including an enriched interval of 5.8 g/t gold over 2.4m in hole AIG-23-26. A high grade of 113 g/t over 1m was obtained in hole AIG-23-13 along the same structure. New targets identification: The objective of the upcoming exploration work is first to extend the signature of the Goldfields Zone to the southwest over a kilometre extension. Then, parallel inferred structures will be covered going westward along a 3.5km segment of the Porcupine-Destor fault controlled by Goldflare. The Goldfields mineralized north-east trend corresponds to strike slip movements along the Destor-Porcupine Fault, identified also by offsets in the magnetic pattern where there is no possibility of direct observation or interpretation from drill holes information. The magnetic data treatment leads to interpret 5 northeast-trending lineaments, including the Goldfields axis, which can be evaluated for their gold potential. Each target thus defined covers an extension varying between 0.5 and 1.5 km: At the southeast corner of the property, the interpreted structure can be extended northeast to the Fayolle pit. Two other unexplored lineaments can be defined to the west. The same exercise also covered the Destorbelle showing located 3.5km west of Goldfields. At this location, a northeast lineament corresponding to a strong mag contrast that intersects ultramafic units that serve as markers to follow the Porcupine-Destor fault. The Destorbelle showing is adjacent to this geophysical signature. Portions of the 5 lineaments will be covered by bark sampling grids at 50 to 100 metre spacing. Each target corresponds to an area of approximately 1 km by 0.5 km. This prospecting method, which uses the ability of trees to fix gold from the root system, has been successfully tested in northern Abitibi in forest areas similar to the Goldfields sector (Beh B., et al.,2021). Sampling work will begin in the spring. The gold values intercepted on the Goldfields property are hosted in altered lamprophyre and syenite intrusions in fault contact between ultramafic volcanic rocks and basalts. Mineralization takes the form of free gold trapped in a network of joints and veinlets associated with minor amounts of sulphides (pyrite, chalcopyrite) and magnetite. These observations are consistent with the geology of Iamgold's Fayolle deposit located approximately 700 metres to the east. Preliminary interpretation based on magnetic surveys has clearly demonstrated that the Fayolle deposit is part of the same structural pattern as the Goldfields property. Tillkännagivande • Apr 09
Goldflare Exploration Inc. Announces Board Changes Goldflare Exploration Inc. announced the appointment of Mr. Michel Desjardins and Mr. Pierre Alexandre to the Board of Directors of the Company, as independent directors. Mr. Desjardins replaces Mr. Yves Dufour, independent director for Goldflare since November 2019, and will also act as Chairman of the board. For his part, Mr. Pierre Alexandre replaces Mr. André Gauthier, independent director for Goldflare since March 2020. All members of management and the board of directors would like to thank Mr. Dufour and Mr. Gauthier for their services since taking office. Mr. Desjardins is a successful "serial" businessman and investor in the James Bay region for over 30 years. He participated directly and at several levels in the growth and development of the Northern Quebec region. Nicknamed the "King of Radisson", Mr. Desjardins was, among others, the owner of a mining equipment and services company, restaurants, and accommodation services. He has extensive knowledge of the entire mining sector and its needs, from contract management to sampling to strategic planning. M. Alexandre co-founded Orbit Garant Drilling in January 2007, and under his leadership the Company has grown to become one of the most prominent Canadian operators in diamond drilling. He was previously the founder, President and CEO of Orbit Drilling (1986). Mr. Alexandre has more than 36 years of experience in the diamond drilling industry with expertise in operational planning and business relationship development. From 1974 to 1983, he worked as a surface driller for various drilling companies. The entry into office of Mr. Desjardins and Mr. Alexandre is effective from April 9, 2024. Tillkännagivande • Mar 13
Goldflare Exploration Inc. Announces Board Changes Goldflare Exploration Inc. announced the resignation of Serge Roy as Vice-President, Strategy and Business as well as Chairman of the Board of the Company. Resigning for personal reasons. Furthermore, Ms. Sara Pedneault, sitting on the Board of directors as an independent director, will replace Mr. Roy as third member of the Company's audit board. For his part, Ghislain Morin will take the helm of the Board of directors. Tillkännagivande • Feb 06
Goldflare Exploration Inc. Announces New Gold Results on the Goldfields Property Which Successfully Complete the 2023 Program Goldflare Exploration Inc. announced new gold results on the Goldfields property which successfully complete the 2023 program. Drill hole AIG-23-26 intersected a continuous interval of mineralization over 22.8 meters at a grade of 1.3 grams of gold per tonne, including a higher-grade interval of 5.83 grams of gold per tonne over 2.4 meters. The Goldfields property is adjacent to Iamgold's Fayolle pit operation. A total of nine (9) holes for a total of 934 metres were completed with this program. Seven of the nine drill holes intersected the mineralized zone with grades ranging from 0.7 to 1.7 grams per tonne of gold over core lengths ranging from 4.8 metres to 22.8m for an average width of 12.7m. The drilled area is located 700 metres from the Fayolle deposit. The drill results support the model and approach developed by the company to define a mineralized zone in the vicinity of the Fayolle pit. The Goldlfields mineralization is in the Porcupine-Destor structural break, hosted in syenite and lamprophyre intrusions. At Goldfields, north-east cross-fractures zones were identified in relation with gold bearing fractured intrusions carrying minor amount of pyrite, magnetite, and chalcopyrite. Four holes were drilled from the same base as previously released holes AIG-23-18, AIG-23-19 and AIG-23-20 using southeast to east-west orientations with different dips. The objective was to intercept northeast-trending mineralized structures based on interpretation. Holes AIG-23-21, AIG-23-23 and AIG-23-24 returned mineralized intervals of 1.0 g/t over 12m, 1.7 g/t over 12.9m and 0.7 g/t over 16.3m, respectively, while hole AIG-23-22 returned an isolated result of 0.7 g/t over 0-.7m. The mineralized zone was intercepted close to the bedrock contact. Hole AIG-23-25 returned 0.8 g/t over 7.1 metres, including 1.7 g/t over 2.5 metres. The mineralized interval was obtained approximately 25 metres below bedrock surface. Hole AIG-23-26 crossed cut an altered and intensely fractured syenite sequence that averaged 1.3 g/t over 22.8 metres length. The vertical depth of interception varies between 60 and 80 meters. A higher-grade interval of 5.8 g/t over of 2.4 meters length was obtained close to the upper contact, associated with more intense pyritization. The interpretation of the mineralized structure shows a general northeasterly orientation, which was confirmed laterally by drilling for approximately 100 metres. The dip variation interpreted is between 65° and 75° to the northwest while the interpreted true thickness shows variations between 3.5 and 22 meters. Gold values obtained are hosted in altered lamprophyre and syenite intrusions in fault contact between sheared ultramafic volcanic rocks and basalts. The mineralization takes the form of free gold trapped in a network of quartz joints and veinlets. The volume of sulphides (pyrite, chalcopyrite) is minor, and magnetite can be observed in association. These observations are consistent with the geology of the Fayolle deposit as documented in an extensive literature of assessment report and based on experience as previous manager of the Fayolle property. Tillkännagivande • Nov 15
Goldflare Exploration Inc. announced that it expects to receive CAD 0.1 million in funding Goldflare Exploration Inc. announced a private placement of 4,000,000 units at a price of CAD 0.025 per unit for gross proceeds of CAD 100,000 on November 14, 2023. Each unit consists of one common share and one warrant allowing the holder to acquire one common share at a price of CAD 0.05 per share, for a period of 24 months following the closing. The transaction will include participation from eligible investors. The closing is expected on November 30, 2023. The private placement is subject to the finalization of formal documentation, regulatory approvals and conditional on the approval of the TSX Venture Exchange. The securities to be issued as part of the financing will be subject to a minimum holding period of four months plus one day following the closing date. Tillkännagivande • Nov 08
Goldflare Exploration Inc. announced that it expects to receive CAD 0.5 million in funding Goldflare Exploration Inc. announced a private placement that it will issue 2,500,000 units at a price of CAD 0.20 per unit for the gross proceeds of CAD 500,000 on November 6, 2023. Each unit consists of 2 common shares at a price of $0.02 each + 4 Flow-Through shares at a price of $0.04 each + 6 warrants, allowing the holder to acquire one common share at a price of CAD 0.04 per share, for a period of 12 months following the closing of the transaction. The transaction is expected to close on November 30, 2023. The transaction is subject to the finalization of formal documentation, regulatory approvals and conditional on the approval of the TSX Venture Exchange. The securities to be issued as part of the financing will be subject to a minimum holding period of four months plus one day following the closing date. Tillkännagivande • Nov 03
Goldflare Exploration Inc. Announces New Gold Results on the Goldfields Property Goldflare Exploration Inc. announced new gold results on the Goldfields property. The Goldfields property is adjacent to the Iamgold Fayolle open pit mining operation. Seven drill holes for a total of 640 meters have been completed to date. The best result obtained is 1.24 grams per tonne over a length of 8 meters in borehole AIG-23-21. A value of 5.27 grams per tonne over one (1) meter included in an interval of 0.65 grams per tonne over 13.7 meters was obtained in drilling AIG-23-19. The four holes, drilled from the same base with an orientation varying between south/southeast and east/southeast, all intersected the mineralized structure less than 5 meters from the surface of the bedrock. The mineralization, dipping the north-west between 65° and 75°, is correlated over a north-east strike length of 30 meters and is open laterally. The drilled lengths of mineralization are close to the interpreted true thickness which vary between 10 and 14 meters. The mineralization is hosted in altered lamprophyre and syenite intrusions in faulted contact between deformed ultramafic rocks and basalts. Mineralization takes the form of free gold trapped in a network of joints and quartz veinlets. The amount of sulfides (pyrite, chalcopyrite) are minor and magnetite can be observed. Geological modeling based on 86 historical drill holes indicates a general orientation of the mineralized structure trending to the north-east. The current drilling should first make it possible to define the mineralized contour close to surface, down to a depth of 100 meters, and then continue drilling down dip below the current coverage which rarely exceeds 200 meters depth. The drilling positions were recorded by Garmin GPS with an accuracy within 3 meters. An EZ-TRAC instrument from Reflex was used to establish the borehole layout. The examination, description and sampling are carried out on the property. The samples were delivered to Laboratoire Expert inc. from Rouyn-Noranda. The mineralized zone is analyzed by metallic sieving, pulverized and sieved to 100 mesh (149 µm). Fractions less than and greater than 100 mesh are analyzed separately by fire assay with a gravimetric finish. The final result is a weighted average of the two fractions. Mineralization walls are analyzed using a single 30-gram sample, cut from a 250-gram pulverized sample. The analyzed values ??are obtained by an aqua regia dissolution procedure and determination by atomic absorption spectrometry (AAS) for results less than 3 g/t. Results greater than 3 g/t are reanalyzed and determined gravimetrically. New Risk • Nov 02
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$1.8m 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$1.8m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.03m market cap, or US$2.19m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Tillkännagivande • Sep 21
Goldflare Exploration Inc. Provides Update on the Goldfields Drilling Program Goldflare Exploration Inc. announced an update about the exploration work on its Goldfields property. The property contains a high density of historic drilled gold showings, hosted in the extension of the Porcupine-Destor fault. The company Iamgold Corporation is currently carrying out pit development of the Fayolle zone, located approximately 700 meters east of Goldflare's drilling program. On May 31st, the Company announced a first high-grade gold result of 15.36 g/t over 7.05 meters including an interval of 103.86 g/t over 1 meter from drill hole AIG-23-13. Following the delivery of a new drilling permit, the mobilization of the team is currently underway to carry out a new phase of prospecting near the AIG-23-13 drill hole, where exceptional free gold mineralization has been discovered during the last drilling campaign. Goldflare plans to begin this new phase with several holes totaling around 1,000 meters, spaced approximately 25 meters apart, in the immediate area of ??hole AIG 23-13. Upcoming results from this new and important drilling phase of the Goldfields project will be communicated as soon as they become available and are confirmed. Tillkännagivande • Jul 01
Goldflare Exploration Inc., Annual General Meeting, Aug 31, 2023 Goldflare Exploration Inc., Annual General Meeting, Aug 31, 2023. Tillkännagivande • Jun 28
Goldflare Exploration Inc. announced that it has received CAD 0.324 million in funding Goldflare Exploration Inc. announced that it has completed a private placement and issued 4,050,000 flow-through common shares at an issue price of CAD 0.08 per common share for total gross proceeds of CAD 324,000 on June 27, 2023. No insider participated in the transaction and CAD 18,000 intermediary fees were paid. The securities to be issued will be subject to a minimum holding period of four months plus one day. The offering is subject to final approval from the TSX Venture Exchange. New Risk • Jun 22
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 (30% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.30m market cap, or US$4.79m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Tillkännagivande • Jun 01
Goldflare Exploration Inc. Obtains 15G/T over 7 Meters on the Goldfields Project Goldflare Exploration Inc. announced the results of three drill holes from a seven (7) drill hole program totaling 1,816 meters on the Goldfields property, 100% owned by the company. The property is located 35km northeast of the city of Rouyn-Noranda, Quebec. The objective of the program was to validate historical grades and to understand the geometry of known mineralization. The Goldfields property contains a high density of historic drilled gold showings, hosted along the extension of the Porcupine-Destor fault. Iamgold Corporation is currently in the pit development of the Fayolle zone, located approximately 700 meters east of Goldflare's drill program. The Company announced a first high-grade gold result of 15.36 g/t over 7.05 meters including an interval of 103.86 g/t over 1 meter from hole AIG-23-13. Here are some key elements of this drilling: Mineralization takes the form of free gold, hosted in an altered and fractured alkaline intrusion. The drilled interval is located immediately below the overburden cover, at a vertical depth of approximately 20 metres. It is located close to the southwestern limit of the historical drill coverage, central to the claim. The spatial position of the discovery leads to reconsider the geological model and to extend the exploration zone both laterally and in depth along a north-south axis. Hole AIG-23-11 was drilled to intercept a possible extension of the mineralized system to the southeast using a 12-degree drill azimuth. A first grade of 0.47 g/t over 1 meter was obtained from 104 to 105 meters associated with a high density of quartz veins with pyrite and sericite at the contact. A second grade of 1.38 g/t over 1.5 meters was obtained from 178.5 to 180 meters along the hole, in contact with a strip of lamprophyre altered and brecciated by carbonates. Drilling intersected a thick sequence of vacuolar, carbonatized basalt interspersed with bands of generally sheared ultramafic volcanic rocks and conglomerates. Past a depth of 285 meters, the mafic host is affected bystrong diffuse albitization. Finely disseminated pyrite in low percentage appeared along pluri-metric intervalsbut without however showing gold enrichment. Tillkännagivande • Feb 01
Goldflare Extends the Condor-1 Trend over 700 Metres and Continues the Drilling Program Goldflare Exploration inc. announces the first results of its second phase of drilling on the Syenite Condor property located 35 km north-east of the town of Rouyn-Noranda. Assay results from the first six holes totaling 997 meters have been received with best results of 0.97 g/t over 4.9 meters, followed by 0.7 g/t over 5.9 meters from hole CDR-22- 14. The new mineralized hole is located about 200 metres northwest from the initial Condor-1 discovery. The six holes presented show strong gold alteration developed in hematized and fractured porphyritic syenite intrusions. This particular type of rock is closely related to the gold system. This is reflected by a gold signal varying between 0.01 and 0.1 g/t developed over drill lengths varying between 5 meters and 150 meters. The company is pursuing the program with additional short holes planned to test some of the targets identified on the Clericy syenite intrusion over about four square kilometres. These targets, overburden covered, were defined using a combination soil geochemistry and IP ground survey supported by structural mapping. The drilling program initially aimed to test the lateral extension of the Condor-1 gold showing over a distance of approximately seven hundred meters (700m) using one hundred and fifty meter holes drilled at an average spacing of fifty (50m) meters. Holes CDR-22-13 to CDR-22-15 are closely related to the location of the Condor-1 showing. They are distributed within 250 meters of the initial discovery, drilled following a staggered pattern. Holes CDR-22-17 and CDR-22-18 were drilled on a geophysical anomaly located about seven hundred (700m) meters from the first holes. The mineralization identified is located on the eastern edge of the eastern Cléricy intrusion, hosted in a network of highly altered porphyritic syenite dykes that cuts the main intrusive mass. This favorable context can be traced over more than 2km by a strong magnetic contrast. The signature of the gold system identified so far in the continuity of the Condor-1 showing is approximately 200 meters. Interpretation and modeling are ongoing to determine the best possible direction for gold enrichment. Tillkännagivande • Dec 23
Goldflare Exploration Inc. announced that it has received CAD 0.45 million in funding Goldflare Exploration Inc. announced that it has completed a flow-through private placement of 5,625,000 flow-through shares at a price of CAD 0.08 per common share to eligible investors for total gross proceeds of CAD 450,000 on December 22, 2022.No insider participated to this placement and CAD 27,000 intermediary fees were engaged. The offering is subject to final approval from the TSX Venture Exchange. The securities to be issued will be subject to a minimum holding period of four months plus one day. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from three placees. Tillkännagivande • Dec 08
Goldflare Exploration Inc. Appoints Sara Pedneault to the Board of Directors Goldflare Exploration Inc. announced the appointment of Ms. Sara Pedneault to the Board of Directors of the Company, as an independent director. Ms. Pedneault thus replaces Mr. Martin Bourgoin, independent director for Goldflare since April 21, 2021, who resigned from his position for personal reasons. Currently completing a Master's in Business Administration – Strategic Project Management and holder of a Bachelor's degree in Geological Engineering, Ms. Pedneault has worked in the mining sector since 2015. She was a scholarship recipient from the Canadian Mining Foundation for 2016 to 2018 and chosen amongst a select group of 26 Canadian students to participate in the Student-Industry Miner Exploration Workshop offered by the PDAC in 2018. Fluent in four languages, she completed several major mining/geological internships from 2015 to 2018 before joining Eldorado Gold as Production Geology Engineer, the engineering consulting firm Bioptic Vision as Project Director and, as of today, Agnico Eagle as an environmental project coordinator. Tillkännagivande • Dec 01
Goldflare Concluded A Second Phase of Drilling on the Condor Project Goldflare Exploration inc. announces the second phase of drilling on its Condor property was completed with 1,639 metres drilled in ten holes. The Condor property, located at 35 km north-east of the town of Rouyn-Noranda, is centered on the Clericy syenite pluton. Following targeting, 13 blind targets were identified, coherent with a series of structures spaced 200 to 500 metres apart following general north-west orientation. Following that, 50 drilling emplacement were permitted to test 13 distinct targets covering an area of about 4 square kilometers. The current program was initiated to first test the immediate extension of the Condor-1 gold showing along a strike length of about 250 metres using five short holes parallel drilled at about 50 metres spacing following a north-east direction. A first step out was done to test a second target at about 500 metres from Condor-1 following a north-west strike. Three short holes with length between 150 and 175 metres were drilled following varied orientation to test a combination of geophysical anomalies and inferred structures. Finally, the new Gord surface showing located close to a strong geophysical signature, some 1500 metres north-west from Condor-1 was tested with two holes. All the holes explained geophysical anomalies and succeeded to intercepted magmatic structures and alteration zones that stand out strongly in the geological landscape visible at surface. To date, 8 out of the 10 holes have been logged. The sampling and assaying process is progressing. Targets intercepted are composed of an assemblage of lamprophyre and varied textures syenite. Hematite alteration is widespread in the syenite while more local fracturing is associated with carbonate-chlorite assemblage. A weak pyritization can be observed sporadically over multiple intervals. Observations made to date returned noticeable structural and alteration features that contrast strongly with the surrounding main syenite intrusion. Tillkännagivande • Nov 24
Goldflare Exploration Inc. announced that it has received CAD 0.14902 million in funding Goldflare Exploration Inc. announced that it has completed a flow-through private placement of 2,483,666 flow-through shares at a price of CAD 0.06 per common share to eligible investors for total gross proceeds of CAD 149,020 on November 23, 2022. No insider participated to this placement and CAD 4,500 finder's fees was paid by the company. The transaction is subject to final approval from the TSX Venture Exchange. The securities to be issued will be subject to a minimum holding period of four months plus one day. The transaction included participation from 10 placees. Tillkännagivande • Nov 23
Goldflare Exploration Inc. announced that it has received CAD 0.05 million in funding Goldflare Exploration Inc. announced that it has closed the private placement 1,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 50,000 on November 21, 2022. Each unit consist of one common share and one warrant. Each warrant allowing the holder to acquire one common share at a price of CAD 0.065 per share, for a period of 24 months following the closing of the transaction. No insider participated to this placement and no intermediary fees were engaged. The transaction is subject to final approval from the TSX venture exchange. The securities to be issued will be subject to a minimum holding period of four months plus one day. TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement. The transaction included participation from five placees. Board Change • Nov 16
High number of new directors Independent Director Martin Bourgoin was the last director to join the board, commencing their role in 2021. Tillkännagivande • Nov 04
Goldflare Exploration Inc. announced that it has received CAD 0.13 million in funding Goldflare Exploration Inc. announced a private placement of 2,600,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 130,000 on November 2, 2022. Each unit consists of one common share and one warrant allowing the holder to acquire one common share at a price of CAD 0.065 per share, for a period of 24 months following the closing of the placement. The transaction included participation from three insiders. No intermediary fees was engaged. The offering is subject to final approval from the TSX Venture Exchange. The securities to be issued will be subject to a minimum holding period of four months plus one day. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from four placees and total existing insider involvement for 400,000 units. Tillkännagivande • Oct 26
Goldflare Exploration Inc. announced that it has received CAD 0.368 million in funding Goldflare Exploration Inc. announced a private placement of 6,133,333 flow-through shares at a price of CAD 0.06 per common share for gross proceeds to CAD 368,000 on October 24, 2022. The transaction included participation from 3 placees. The securities to be issued will be subject to a minimum holding period of four months plus one day. No insider participated to this placement and the company paid finders fee of CAD 20,880 were engaged. The transaction is subject to final approval from the TSX Venture Exchange. The company has received acceptance of TSX Venture Exchange for filing documentation with respect to the transaction. Tillkännagivande • Oct 07
Goldflare Exploration Inc. Launches a 3000 Metres Drill Program on Condor Following Last Geophysics Survey Result Goldflare Exploration inc. has completed its drill targets assessment and ground preparation works on the Condor property. In the eyes of the Company, the conditions were met to go forward with a limited drill target on high potential targets. The Condor property, located at 35 km north-east of the town of Rouyn-Noranda, is in the heart of an active gold mining camp. This new potential is based on recent prospecting results released by the Company in 2021. The project comes from an innovative approach developed by Goldflare to assess the gold potential of the Clericy syenite intrusion, an area that was the object of no documented exploration in the past. During the last three months, the company has carried out field works to refine its drilling approach and is confident to make this program a success. Following last elements of preparation, drilling equipment will be mobilized before the end of October. Ore Vision R survey: The Company recently received results and interpretation from an electro-magnetic ground survey Ore vision TM proprietary of Abitibi Geophysics. The survey done along 5 lines totalling about 7km was used to validate areas previously identified for drill testing. Chargeability targets in high resistivity background were identified close to surface in five areas of interest distributed over about 4 square kilometers. The Company expects to correlate these anomalies with disseminated gold bearing pyrite mineralization hosted in fracture networks. This context was observed with the first drill program done on the property in early 2022, whose best results of 1 g/t over 7.2 metres is included in a wide mineralized halo giving 0.29 g/t over a drilled length of 40 metres. The Company has used of combination of exploration methods such as structural interpretation, soil geochemistry and OreVision R geophysics survey to identify blind high potential gold targets. Three main trends were interpreted over strike length of 2 km. Eleven (11) targets have been identified to be drill tested. A surface gold discovery occurred in 2021 during a first prospecting program. Following months have seen the completion of varied exploration work such as the stripping of the Condor-1 showing followed by a soil geochemistry survey doubled by a OreVision R ground survey. A first drill program made of twelve short holes succeeded to identify a 100 metres wide gold bearing structure. Tillkännagivande • Jul 28
Goldflare Exploration Inc. Initiates Exploration Works on the Condor Property Goldflare Exploration Inc. announced that it has initiated an exploration program on its two key properties located in the Abitibi Greenstone Belt, Québec. Both Condor and Agar properties are at the drilling stage. Following the completion of preparation works, Goldflare will be in position to implement drill programs on both projects. The priority will be given to the Condor project where a drill permit was recently granted from the provincial authority. The Condor project is located about 35km north-east of Rouyn-Noranda, Québec, at the eastern extension of the Porcupine-Destor Break. The property is part of a 2,910 hectares land package. A surface gold discovery occurred in 2021 during a first prospecting program. The following months have seen the completion of varied exploration work such as the stripping of the Condor-1 showing. A first drill program of twelve (12) short holes succeeded to identify a 100 metres wide gold anomaly which included a best interval 1g/t over 7.2m from holes CDR-22-10. The company has used a combination of structural interpretation and soil geochemistry to identify blind potential gold trends. Three main trends were interpreted over strike length of 2 km. Eleven (11) targets have been identified to be tested by clusters of 3 to 7 planned drill holes for a total of 55 permitted emplacement. Now, the Company considers testing first the extension of the Condor discovery to the north-west by a series of about 10 holes with length between 100 and 150 metres. The next few weeks will see the mobilization of equipment on the ground to prepare access and cut down vegetation. Tillkännagivande • Jul 01
Goldflare Exploration Inc., Annual General Meeting, Aug 30, 2022 Goldflare Exploration Inc., Annual General Meeting, Aug 30, 2022. Tillkännagivande • May 19
Goldflare Exploration Inc. Starts Geophysical Works on the Agar Property Goldflare Exploration Inc. initiates its first exploration work on the property since its acquisition. The Duplessis-Agar property is located between 60 and 70 kilometres northeast of the municipality of Lebel-sur-Quevillon, and west of Lake Pusticamica, Northern Quebec region. The property is composed of 10 titles representing 900 hectares and is easily accessible via regional roads. This decision follows the filing of a technical report NI-43-101 prepared by Geologica Inc. which confirms the gold potential of the project located in the Lamark-Wedding structural corridor. During the exercise, 111 historical diamond drill holes were located over an area covering about 1km along an east-west axis and 500 meters in a north-south axis. The best historical drilling results come from the Burge-Nord showing (5.8 g/t gold over 5.10 meters), taking the form of pyrite-rich grey quartz veins. Index No. 6 gave as best historical result 6.8 g/t gold over 4.5m. In that case, mineralization is associated with quartz-carbonate veins. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Yves Dufour is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Mar 05
Goldflare Exploration Inc. Confirms New Gold Trend on the Syenite Condor Project Goldflare Exploration Inc. announced results from a first drill program of 968 metres distributed in 12 short holes on its Syenite Condor property located about 30 km north-east of Rouyn-Noranda (Quebec). The results obtained from four holes drilled with a north-east direction returned continuous gold enrichment corresponding to 0.17 g/t of 27.7 m; 0.29 g/t over 40 m; 0.16 g/t over 27.8 m; and 0.07 g/t over 71.5 m, respectively from holes CDR–21–09, CDR–21–10, CDR–21–11 and CDR–21–12. The mineralization is taking the form of a low percentage of finely disseminated pyrite in coarse crystalline and generally porphyritic syenite intrusion swarm. These intrusions are affected by an hematite, carbonate and chlorite alteration through a tight mesh of micro-fractures. Gold enrichment was locally obtained within this program with 1.1 g/t over 3.0 m in hole CDR–22–09, 1.0 g/t over 7.2 m (including 1 m at 3.6 g/t) from hole CDR–22–10 and 1.1 g/t over 2.7 m in hole CDR–22–11. See the table for details of gold intervals. The Condor I Gold trend: The geological interpretation built to date combined with the existing magnetic surveys has confirmed a possible north to north-west trend, which remains completely covered by overburden and mostly unexplored, with the closest gold showing located about 2 km to the north-west. The current interpretation – based on drilling and available magnetic data – highlights three major elements: Based on the data, and without extrapolation, the evaluated thickness of the gold-bearing syenite intrusion swarm is above 100 metres. All syenite dykes inside this space are gold-bearing. The gold system seems to follow a strong magnetic contrast explained by mafic ultramafic rocks external to the Clericy pluton, which can be traced for over 2 km following a north to north-west orientation. The gold values – both the anomalies and 1 g/t intervals – are both present at the limits of the drill grid, making the target open laterally and down dip. QAQC: Position of drill holes were taken using a handheld GPS, which implies an uncertainty of 1 to 3 metres. Drill holes traces were established using a Reflex EZ-TRACTM instrument. Core samples are sawed in half in an on-site facility, bagged are delivered from the field to Laboratoire Expert Inc. in Rouyn-Noranda. Sampled are subjected to a standard lead collection fire assays procedure on a 30 grams pulp split assayed by Atomic Absorption Spectrometry (SAA) for results between 0.005 and 3 g/t. Results above 3 g/t area re-assayed using a gravimetric finish. About 10% of samples are part of a QC program which includes, standardized materials, preparation duplicates, samples quarter splits, and assays replicates. Tillkännagivande • Feb 02
Goldflare Exploration Inc. Announces Success of the First Drill Program on Syenite Condor Goldflare Exploration Inc. has completed a series of works to continue exploration of the Condor I discovery in late 2021. The Syenite Condor exploration project is a new exploration target associated with the Cléricy pluton located about 30 km north of the city of Rouyn-Noranda. 12 short boreholes totaling 987 meters were completed at the beginning of January immediately under the stripping area, but also in its immediate extensions to the east and north of the discovery whose results were previously published by Goldflare. The Company executed a limited drilling program to test some initial assumptions such as possible orientation of the gold-bearing units in order to establish the planning of the next phase of works. Drillholes were located at varying spacing between 15 meters and 50 meters to cover a lateral extension of about 100 meters in the east-west axis and about 100 meters in the north-south axis. OUTCROP TARGET: CDR-21-01 to CDR-21-08 drillholes, varying in length between 60 and 102 metres, were drilled from four north-south sections spaced fifteen metres apart. Drilling was planned to intercept at shallow depth the gold bearing structure identified by stripping last fall. The maximum vertical depth targeted is about 40 meters. Those drillholes revealed the following: Pyritized fractured intervals can be observed in each hole over 2 metres to 17 meters intervals. They make 20- to 60-metre-wide envelopes composed of hematized porphyritic syenite with interdigitated lamprophyre intrusions; and The geology is consistent with observations made on the stripped area where surface values of 1 to 10 g/t were obtained. STEP OUT TARGET: Holes CDR-21-09 to CDR-22-12 drilled inside 50 metres northeast of the stripped area, covering a strike length of about 100 metres. The four holes, with a length of 60 to 117 meters each, were drilled following a north-east direction to find potential extensions of gold mineralization outside the stripped area. Those drillholes revealed the following: A new syenite dyke swarm was intersected over core lengths ranging from 10 to 40 meters, to a vertical depth of 20 to 60 meters. Disseminated pyrite is hosted mainly in highly hematized and micro-fractured syenite; Down hole, a new ductile structure was identified at the contact between syenite dykes and a large magnetic gabbro unit. The identified structure is located less than 50 meters northeast of the Condor I surface showing; Preliminary interpretation of the geology indicates that the syenite-gabbro contact is roughly south-east. The apparent width of the hematite bearing syenite dykes swarm and associated pyrite bearing intervals can be evaluated, to date, at about 150 metres. Tillkännagivande • Jan 13
Goldflare Exploration Inc. Announces 2021 Surface Exploration Program Goldflare Exploration Inc. announced that the 2021 surface exploration program was successful to identify a new gold-bearing sector on its Syenite Condor project located about 30 km north-east of Rouyn-Noranda, Abitibi (Quebec). Prospecting rock sampling results received so far reach locally values between 1 and 10 g/t. The new "Condor I" discovery is located about 3.5 km west of IAMGOLD Corporation's Fayolle advance exploration project, the Syenite Condor exploration project is centred on the Cléricy pluton, an intrusive mass of about 4 km2, near the eastern extension of the Destor-Porcupine Break, in an area characterized by an array of north-west regional faults. So far, 270 prospecting results from chip samples were received and compiled. Of those, one hundred and forty-six (146) – which corresponds to 54 % – are in a main mechanically stripped area located in the Cléricy Township. The work extends for about 50 metres in both north-south and east-west strikes, exposing a swarm of mafic dykes and porphyritic syenite cross-cutting the Cléricy pluton close to its eastern margin. The exposed gold-bearing fracture zone extends over the entire length of the stripped area. The first positive results (i.e., those above 1 g/t) were obtained from heavily fractured and heavily hematized syenite rocks. From this first pass of sampling, one sample returned 10,33 g/t, and a series of twelve (12) samples returned results from 1 to 10 g/t. Those high results all come from a west-to-north-west-trending fracture network, which follows a lamprophyre dyke with the same orientation. The mineralized syenite material shows a partly recrystallized and microfractured texture, with abundant hematite, magnetite and carbonates. Disseminated pyrite is widespread in the gold-bearing samples, but it represents no more than 2 % of the volume. The apparent width of the fractures zone at the surface varies between 1 and 5 metres, along a strike length reaching 50 metres, and remaining open to the east. Tillkännagivande • Sep 15
Typhoon Exploration Inc. Identifies Gold Potential on Its Agar Project and Reveals Historical Results Typhoon Exploration Inc. announces that it has undertaken a compilation of historic works on the Duplessis-Agar property, located between 60 and 70 kilometres northeast of the municipality of Lebel-sur-Quévillon, and west of Lake Pusticamica (Northern Region of Quebec). The property is composed of 10 titles representing 900 hectares, and is easily accessible by regional roads. The property is known for a series of gold occurrences named Agar #1 to Agar #7, which are distributed over an area of about 1 kilometre along an east-west axis, and 500 metres in the north-south axis. Gold mineralization may be associated with northeast regional shear zones known for their gold potential. The ongoing compilation of historical drilling reveals that approximately 12,000 metres distributed in 75 boreholes were drilled inside the property between 1981 and 1990. The compilation of this historical information is based on reports and maps digitized by the MERN on the Examine database. At this stage of work, the Company considers that, to the best of its knowledge, no drillings have been done since then on the property. The compilation showed that 55 mineralized intervals of more than 1 g/t over 1 metre in length were identified in the historic holes for an average of 2.4 g/t over 3.7 metres. The mineralized intersections are located at a depth that varies between 20 and 150 metres. A first field visit allowed Typhoon's team to acknowledge that evidence of historical works is still visible, such as drilling casings and stripped outcrops. Typhoon will undertake further verification of this data to locate historic drilling sites accurately. Surface sampling and stripping work could be undertaken in parallel. Tillkännagivande • May 27
Typhoon Provides Drill Results on the Aiguebelle-Goldfields Project Typhoon Exploration Inc. announced new drill results on their wholly owned Aiguebelle-Goldfields (AIG) property, located 35 km north-east of Rouyn-Noranda, Abitibi (Québec) and adjacent to IAMGOLD' Fayolle project. The main objective of the program was to test two East-West gold-bearing structures approximately 400 metres apart identified as the Manneville and Aiguebelle zones. The program also focussed on delineating the possible extension of the Fayolle deposit located 250 metres east of the AIG property and currently being developed for open-pit mining by IAMGOLD. A total of 3152 metres were drilled in twelve (12) holes from December 2020 to March 2021. From this total, seven (7) holes returned mineralized intervals of 0.4 and 0.67 g/t over core lengths ranging from 2.5 metres to 12.3 metres. Some results from hole AIG-21-11 are still pending. This drilling campaign represents the first drilling executed on the property since 2011. The two sub-parallel gold-bearing structures were tested down to a vertical depth of approximately 300 metres. Given that the area is entirely covered by overburden, the drilling program was designed from interpretation and models conceived using historical drill holes and existing magnetic surveys. The wide-ranging gold results obtained are indicative of strong gold anomalies within a favourable geological context.Three drill sections were drilled about 100 metres apart from north to south to follow a contact between ultramafic volcanic rocks and sediments. A total of 2,207 metres in seven (7) holes were dedicated to this target. An iron-carbonate alteration zone ranging in widths from 40 to 60 metres was intersected along with disseminated sulphide mineralization within hematized syenite dykes. The lower portion of holes AIG-20-01 to AIG-20-03, and AIG-20-06 all intersected the folded contact between ultramafic rocks and fine-grained sediments identified as the Caste Formation. Gold mineralization is entirely hosted in sediments and associated with strong albite-carbonate-sericite alteration affecting both sediments and syenite dykes. Two sections were drilled about 50 metres apart on the eastern limit of the AIG property boundary to test for the possible extension of the Fayolle deposit. Holes were designed to intersect the intended target between vertical depths of 150 to 250 metres. Even though strong deformation and alteration were observed in drill core, no significant gold values were returned. On the other hand, anomalous gold was obtained from the collars of holes AIG-21-09, AIG-21-10, AIG-21-11 over core lengths of 8 to 10 metres. The mineralization is hosted in strongly altered and brecciated syenite dykes similar to the ones observed at the Fayolle deposit. These results were unexpected and represent a completely new target. Some results from AIG-21-11 are still pending. Tillkännagivande • Mar 17
Typhoon Exploration Inc. Updates Aiguebelle-Goldfields Property Typhoon Exploration Inc. sets things up to resume drilling on the Aiguebelle-Goldfields property, located about 35 km north-east of Rouyn-Noranda, Abitibi (Québec). Typhoon controls the exploration ground called Aiguebelle- Goldfields, which is eastern bounded with IAMgold Corporation's Fayolle project. The property's boundary is approximately 250 metres away from the Fayolle zone. And historical high-grade drill results on Aiguebelle-Goldfields (such as 3.1 grams per tonne (gpt) over 10.2 metres in hole 83-01 and 4.4 gpt over 4 metres in hole 85- 151) are located approximately 600 metres west of the Fayolle zone. Drilling equipment was mobilized on site to test the eastern extension of the Aiguebelle-Goldfields gold trend, going toward the Fayolle deposit. The target will be covered in the next few weeks using 50-meter-spaced holes collared from three permitted drill sites. To date, 1,928 metres were drilled in 7 holes. The targeted area for this first phase was located 400 to 700 metres farther to the south from the actual planning. During 2020, Typhoon has extended its influence in this part of the Abitibi Belt (corresponding to the eastern extension of the Porcupine-Destor Fault), mainly with the acquisition of the Syenite Condor claims block covering 653 ha where previous owners have identified gold-bearing glacial boulders composed of intrusive rocks. Three trenches totaling about 200 metres were performed to intercept the eastern contact zone of the Clericy syenite. A magnetic survey by drone covering 5.5 km2 was executed to help interpreting structural details and elements of the geological map at the scale of the intrusion. Two orthogonal flight paths were used at 40-metre spacing. Results of interpretation will help to plan the next exploration phases. Tillkännagivande • Dec 23
Typhoon Exploration Inc. Resumes Drilling on Aiguebelle-Goldfields Claims Block, Located About 35 Km North-East of Rouyn-Noranda, Abitibi Typhoon Exploration Inc. completed the first part of its new drill program on the Aiguebelle-Goldfields claims block, located about 35 km north-east of Rouyn-Noranda, Abitibi (Québec). The total program includes 20 holes totalling 3,000 metres and is expected to be completed in early February 2021. To this date, 7 holes, from 200 to 300 metre-deep each, and totalling 1928 metres, were completed in the southern portion of a single mining title of the project. The holes are distributed in three sections, spaced out by approximately 100 metres. The program aims at locating new gold-bearing structures in an area where sporadic previous drilling has demonstrated the presence of strong gold anomalies. The drilling is centred on the Manneville Nord Fault, where the structure is partly filled by a suite of alkaline intrusions, usually showing a red hematite alteration associated with iron carbonate and disseminated pyrite, which represents the main gold target. According to the preliminary geological description and interpretation, this structure's estimated target width of ranges between 12 and 40 metres. Typhoon controls the exploration ground called Aiguebelle-Goldfields, eastern bounded by IAMgold Corporation's Fayolle project. Aiguebelle-Goldfields' boundary is approximately 250 metres away from the Fayolle zone. Historical drilling is located at approximately 600 metres west of the Fayolle zone. The drill plan is firstly to test the possibility to find, inside this gap, additional mineralization following the same geological trend. The drill pattern will cover three stacked gold-bearing structures previously identified by historical drilling. Tillkännagivande • Oct 30
Typhoon Exploration Inc. announced that it has received $0.3465 million in funding Typhoon Exploration Inc. (TSXV:TYP) announced a private placement of 5,330,769 flow through common shares at a price of CAD 0.065 per share for an gross proceeds of CAD 346,500 on October 29, 2020. The company paid finder fees in cash aggregating CAD 16,500 and has issued 253,847 compensation options, each entitling its holder to subscribe for one common share of the company at the price of CAD 0.10 for a period of 24 months after the closing of the transaction. The securities issued as part of the transaction are subject to a four month and one day hold period. The transaction remains subject to the final approval of the TSX Venture Exchange. Tillkännagivande • Sep 19
Typhoon Exploration Inc. (TSXV:TYP) acquired 623 ha Syenite Condor property in the Clericy Township, north-east of Rouyn-Noranda Town, Québec for CAD 0.1 million. Typhoon Exploration Inc. (TSXV:TYP) acquired 623 ha Syenite Condor property in the Clericy Township, north-east of Rouyn-Noranda Town, Québec for CAD 0.1 million on September 17, 2020. As reported, Syenite Condor property was acquired through a buying agreement in exchange for 1.5 million shares of Typhoon Exploration and CAD 0.01 million at the signature of the agreement. The acquisition was subject to TSX approval.
Typhoon Exploration Inc. (TSXV:TYP) completed the acquisition of 623 ha Syenite Condor property in the Clericy Township, north-east of Rouyn-Noranda Town, Québec on September 17, 2020. Tillkännagivande • Sep 04
Typhoon Exploration Inc. (TSXV:TYP) completed the acquisition of the remaining 49% stake in Fay West Property from Agnico Eagle Mines Limited (NYSE:AEM). Typhoon Exploration Inc. (TSXV:TYP) agreed to acquire the remaining 49% stake in Fay West Property from Agnico Eagle Mines Limited (NYSE:AEM) for CAD 0.07 million on August 24, 2020. With the closing of this agreement, Typhoon will control 100% of the Fay West Property. In exchange, Typhoon will pay CAD 25,000 in cash; issue 500,000 common shares; and grant a 2% net smelter return royalty on the Fay West Property. Closing of the transaction is conditional to the TSX Venture Exchange approval.
Typhoon Exploration Inc. (TSXV:TYP) completed the acquisition of the remaining 49% stake in Fay West Property from Agnico Eagle Mines Limited (NYSE:AEM) on September 2, 2020. Tillkännagivande • Aug 25
Typhoon Exploration Inc. (TSXV:TYP) agreed to acquire the remaining 49% stake in Fay West Property from Agnico Eagle Mines Limited (NYSE:AEM) for CAD 0.07 million. Typhoon Exploration Inc. (TSXV:TYP) agreed to acquire the remaining 49% stake in Fay West Property from Agnico Eagle Mines Limited (NYSE:AEM) for CAD 0.07 million on August 24, 2020. With the closing of this agreement, Typhoon will control 100% of the Fay West Property. In exchange, Typhoon will pay CAD 25,000 in cash; issue 500,000 common shares; and grant a 2% net smelter return royalty on the Fay West Property. Closing of the transaction is conditional to the TSX Venture Exchange approval. 