New Risk • Aug 20
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$20k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$188k free cash flow). Shares are highly illiquid. Negative equity (-CA$20k). Revenue is less than US$1m. Market cap is less than US$10m (CA$732.5k market cap, or US$530.4k). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Jan 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% 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 Share price has been highly volatile over the past 3 months (45% average weekly change). Negative equity (-CA$45k). Revenue is less than US$1m. Market cap is less than US$10m (CA$845.2k market cap, or US$608.2k). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Duyuru • Jan 14
Infinico Metals Corp. announced that it has received CAD 0.165 million in funding from Plethora Private Equity and other investor. On January 13, 2026, the Infinico Metals Corp closed the transaction. Perry Ing, a director of the Company, and Plethora Private Equity, a holder of greater than 10% of the issued and outstanding Shares of the Company, are insiders of the Company and have acquired an aggregate of 16,500,000 Shares in connection with the Offering. Plethora Private Equity acquired an aggregate of 15,000,000 Shares. Prior to the Acquisition, the Acquiror and Mr. Vermeulen beneficially owned or exercised control or direction over 19,065,809 Shares, representing 28.03% of the outstanding Shares of the Company on both an undiluted and partially diluted basis. After completion of the Acquisition, the Acquiror beneficially owns or exercises control or direction over 34,065,809 Shares, representing 40.30% of the outstanding Shares of the Company on both an undiluted and partially diluted basis. New Risk • Dec 03
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$45k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$434k free cash flow). Share price has been highly volatile over the past 3 months (45% average daily change). Negative equity (-CA$45k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.02m market cap, or US$729.9k). Board Change • Jun 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Perry Ing was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 28
Infinico Metals Corp., Annual General Meeting, Aug 06, 2025 Infinico Metals Corp., Annual General Meeting, Aug 06, 2025. Location: ontario, toronto Canada New Risk • Nov 29
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$2.4m 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$2.4m free cash flow). Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.31m market cap, or US$935.9k). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Duyuru • Jul 09
Infinico Metals Corp. announced that it has received CAD 1.4 million in funding On July 8, 2024, Infinico Metals Corp. closed the transaction. The company has issued 1,333,333 hard dollar units at a price of CAD 0.075 per HD Unit for gross proceeds of up to CAD 99,999.975, 1,388,889 flow-through units at a price of CAD 0.09 per FT unit for the gross proceeds of CAD 125,000.01 and 3,957,246 charity flow-through units at a price of CAD 0.138 per unit for the gross proceeds of CAD 546,099.948, for total gross proceeds of CAD 771,099.933 in its second and final tranche closing. The company has received CAD 1,400,000 as total gross proceeds in the transaction. In connection with the Offering, the company paid to certain finders an aggregate of a cash commission of CAD 19,300 and issued 235,111 compensation warrants. Each Compensation Warrant entitles the holder thereof to acquire one Share at a price of CAD 0.15 per common share until the date that is 24 months following the closing date of the issuance. The Offering is subject to regulatory approval, including the approval of the TSX Venture Exchange and all securities issued and issuable pursuant to the Offering will have a hold period of four months and one day. New Risk • Jul 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 63% 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 Shares are highly illiquid. Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.17m market cap, or US$3.06m). Duyuru • May 03
Infinico Metals Corp. announced that it expects to receive CAD 1.4 million in funding Infinico Metals Corp announced non-brokered private placement financing of hard dollar units at a price of CAD 0.075 per HD Unit for gross proceeds of up to CAD 400,000, flow-through units at a price of CAD 0.09 per FT Unit and charity flow-through units at a price of CAD 0.145 per CFT Unit, in any combination, for gross proceeds of up to CAD 1,000,000, bringing total gross proceeds to CAD 1,400,000 on May 2, 2024. Each HD Unit shall be composed of one common share in the capital of the Company and one-half of one Share purchase warrant, with each whole Warrant exercisable by the holder for a period of 24 months from the date of issuance at a price of CAD 0.15 per Warrant. Each FT Unit and each Charity FT Unit shall be composed of one common share that qualifies as a “flow-through share” and one-half of one Warrant, with each whole Warrant exercisable by the holder for a period of 24 months from the date of issuance at a price of CAD 0.15 per Warrant. The Offering is subject to regulatory approval, including the approval of the TSX Venture Exchange, and all securities issued and issuable pursuant to the Offering will have a hold period of four months and one day. Closing of the Offering is anticipated to occur on or about May 30, 2024. Duyuru • May 01
Infinico Metals Corp., Annual General Meeting, Jul 04, 2024 Infinico Metals Corp., Annual General Meeting, Jul 04, 2024. Board Change • Dec 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Executive Chairman Tom Panoulias is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% 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 Shares are highly illiquid. Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.91m market cap, or US$3.58m). Duyuru • Oct 26
Infinico Metals Corp. announced that it expects to receive CAD 1.8 million in funding Infinico Metals Corp. announced a non-brokered private placement of up to 8,000,000 hard dollar units at a price of CAD 0.075 per unit for the gross proceeds of CAD 600,000 and 8,275,862 flow-through units at a price of CAD 0.145 per unit for the gross proceeds of CAD 1,200,000 for the aggregate gross proceeds of CAD 1,800,000 on October 24, 2023. Each HD unit shall be composed of one common share and one-half of one Share purchase warrant , with each whole Warrant exercisable by the holder for a period of 24 months from the date of issuance at a price of CAD 0.15 per warrant. Each FT unit shall be composed of one common share that qualifies as a flow-through share and one-half of one warrant, with each whole Warrant exercisable by the holder for a period of 24 months from the date of issuance at a price of CAD 0.15 per warrant. The transaction is expected to close on or about November 15, 2023. The transaction is subject to regulatory approval, including the approval of the TSX Venture Exchange, and all securities issued and issuable pursuant to the offering will have a hold period of four months and one day. Duyuru • Aug 22
Burin Gold Corp. Announces Appointment of Sam Walding as President Burin Gold Corp. announce that its Board of Directors has appointed Sam Walding as President, and Szabolcs Orban as Vice President, Exploration, effective August 18, 2023. Mr. Walding has 6 years mineral exploration experience across Europe and North America, along with 2 years in the Australian mining sector. He served 8 years in the British Armed Forces where he gained extensive operational and strategic planning experience and developed strong leadership and management skills. In the past he has played a leading role building and developing mineral exploration companies across different commodities and jurisdictions. Mr. Walding has worked on a wide range of commodities and styles of mineral deposit including magmatic nickel sulphides, epithermal and carlin-type gold, and sedimentary-hosted copper. He holds a Masters degree in Applied and Environmental Geology from Leicester University, UK. Mr. Orban holds a BSc (Hons) in geology and MSc degree in geochemistry, mineral exploration, petrology and mineralogy. He is a Qualified Person, as defined by NI 43-101 and has over 8 years of experience in the exploration sector working across Europe and North America. Mr. Orban has extensive experience planning, budgeting, and executing complex exploration programs, including multi-rig drill campaigns and regional geophysical surveys. He has worked on a variety of projects and commodities including epithermal gold, ortho-magmatic nickel, and sediment-hosted copper. Mr. Orban played a key role in the discovery of a previously unrecognized 680,000 Oz gold deposit in Serbia. New Risk • Jun 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$3.1m free cash flow). Shares are highly illiquid. Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.77m market cap, or US$1.33m). Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Board Change • May 03
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. 3 non-independent directors. Independent Director Perry Ing was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 12
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. 3 non-independent directors. Independent Director Perry Ing was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 11
Burin Gold Corp. Announces Management Changes Burin Gold Corp. announced that Tom Panoulias and Douwe van Hees have been appointed as Directors of the Company, effective as of February 9, 2023. Mr. Panoulias currently serves as the Interim Chief Executive Officer of the Company. He is a capital markets professional with over 15 years of experience. He has previously worked at Echelon Wealth Partners, Fraser Mackenzie Merchant Capital, and Dundee Capital Markets, raising over one billion dollars for issuers in the mining sector and advising senior management teams on numerous merger and acquisition transactions. Prior to entering capital markets, Mr. Panoulias held senior roles at Kinross Gold Corporation and TVX Gold Inc. in corporate development. Mr. van Hees is co-founder and fund manager of Plethora Private Equity, a Netherlands-based investment fund focused on incubating mineral exploration. Plethora incubated Burin Gold in 2018 and has funded the Company for several years while private, Plethora is the largest shareholder of Burin Gold with an equity stake of 24%. Since 2014 Mr. van Hees is also active as fund manager of the Plethora Precious Metals Fund. The Company announced that Phillip Walford and Sheryl Dunsworth have provided notice of their resignations as Directors, effective as of February 9, 2023. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Interim CEO, VP of Corporate Development & Director Tom Panoulias is the most experienced director on the board, commencing their role in 2020. Independent Director Perry Ing was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Oct 13
Burin Gold Corp. Appoints Tom Panoulias as Interim Chief Executive Officer Burin Gold Corp. announced that Tom Panoulias, Vice President of Corporate Development for Burin Gold has been appointed Interim Chief Executive Officer, effective October 12, 2022. Mr. Panoulias is a capital marketsprofessional with over 15 years of experience. He has previously worked at Echelon Wealth Partners, Fraser Mackenzie Merchant Capital, and Dundee Capital Markets, raising over one billion dollars for issuers in the mining sector and advising senior management teams on numerous merger and acquisition transactions. Prior to entering capital markets, Mr. Panoulias held senior roles at Kinross Gold Corporation and TVX Gold Inc. in corporate development. Duyuru • Sep 21
Burin Gold Corp. Drills 6.0 M of 2.15 G/T Au At Hickey's Pond and Starts Testing New Targets, Newfoundland Burin Gold Corp. announced gold assay results of 6.0 m of 2.15 g/t Au in the last hole drilled at Hickey's Pond as part of the Company's summer drill program as well as initial drill results from nine diamond drill holes at the Tower showing, both located on Burin Gold's 100%-owned Hickey's Pond - Paradise Gold Property in southeastern Newfoundland, Canada. Drill hole HP-22-030 was the final hole of the Company's summer 2022 drill program at Hickey's Pond and was planned to cross-cut hole HP-22-019 to better establish the true width of mineralisation intersected in that hole. Hole HP-22-030 intersected 7.20 m of 0.4 g/t Au from 23.30 m, 5.00 m of 0.48 g/t Au from 76.00 m, and 6.00 m of 2.15 g/t Au from 86.00 m, which included 1.00 m of 10.64 g/t Au from 88.00 m. Estimated true thickness of the intercept was 6.0 m. The Hickey's Pond system has now been tested over 600 m of strike length, and drilling has intercepted broad zones of significant gold mineralisation in many holes. Work is in-progress to compile and interpret all data collected during the 2022 drilling program, including gold and multi-element geochemistry, thin section petrography, detailed drill logs, spectral mineralogy, and structural geology. The Company will integrate these data into a comprehensive geological model for the showing to better assess and understand its resource potential and help direct future exploration plans. Mapping and geochemical sampling programs were completed on numerous undrilled prospects throughout the property. A total of 83 new rock chip samples were collected over 11 prospects, with results pending. Geological and alteration mapping was completed over the prospects and has outlined zones of advanced argillic alteration typical of high-sulphidation epithermal systems on most of these prospects. The results from this work will helpguide future exploration programs and rank existing targets for drill testing. The prospects targeted in this mapping and sampling program included Bullwinkle and Strange; two historical showings approximately 2 km apart along the regional strike. At Bullwinkle, the alteration system is at least 200 m in width and 950 m in length. Two prominent parallel ridges of advanced argillic alteration are coincident with a gold-in-soil geochemical anomaly, anomalous gold in basal till samples as well as biogeochemical anomalism. At Strange, a small outcrop sampled historically returned 3.3 g/t Au in rock chip sample. The outcrop at Strange is on strike with the alteration at Bullwinkle and no outcrop exists between the two showings. The current work program will help vector future exploration drilling at both these and the other targets under investigation. The Tower showing, located approximately 11 km to the southwest of Hickey's Pond was selected for initial drill testing because it was logistically simple to drill in the time available following the Hickey's Pond drill program. A total of 1,845 m of diamond drilling in nine holes have tested the Tower system over 850 m of strike length. Several holes intersected anomalous gold mineralisation, and the footprint of the alteration system has been confirmed to be open in all directions, however, the drilling to date has not intercept any intervals with composite grades of over 1 g/t Au. All holes have intercepted epithermal alteration consistent with current geological models for these types of epithermal systems. Quartz-alunite schists, quartz breccias and quartz-hematite breccias have been intercepted across the entire length of the system which is open along strike and to depth. NQ-sized core samples with nominal lengths of 1.0 m were sawed longitudinally in half. Half-core samples were collected for assay, and the remaining half-core returned to the core box. Appropriate geochemical standards spanning a range of gold concentrations (OREAS North America Inc.), geochemical blanks (locally sourced granite), as well as sample duplicates were introduced into the sample stream following industry best practice guidelines. Core samples were delivered by Company personnel to Eastern Analytical Ltd., Springdale NL, for gold fire assay analysis. The entire sample is crushed, an appropriate subsample pulverised, and a 30 g gold fire assay with atomic absorption instrumental finish performed. Duyuru • Jul 09
Burin Gold Continues to Drill Broad Zones of Gold Mineralisation Including 36.00 M of 1.08 G/T Au At Hickey's Pond, Newfoundland Burin Gold Corp. announced gold assay results from an additional fifteen holes on the Company's 2022 diamond drilling program at its 100%-owned Hickey's Pond Paradise Gold Property, southeastern Newfoundland, Canada. These new results, along with previously reported highlights of 16.00 m of 1.57 g/t Au in HP-22-011, 10.65 m of 1.14 g/t Au in HP-22-008, 10.50 m of 1.37 g/t Au in HP-22-013, announced on April 20th, 2022, represent the first twenty-two holes drilled at Hickey's Pond to date this year. A diamond drill was mobilised to the Tower prospect on May 23rd, 2022, located 11 km SW of Hickey's Pond. This is a large zone of high-sulphidation alteration with historical surface gold mineralisation that has never been drilled. 1,845 m over nine holes has tested the zone across a strike of 850 m, with assays pending. All holes have intercepted zones of epithermal alteration. A plan map is given, showing the drill collars and traces for all holes completed during the Company's winter 2022 program, as well as the holes completed by the Company in its scout 2020 program. Two schematic sections are selected 2022 results in the area of Hickey's Pond. Mineralisation is associated with boudinaged quartz-hematite-alunite alteration and quartz-hematite breccias hosted within a northwest-dipping shear zone. The sections show mineralisation is continuous along strike and open to depth. The Hickey's Pond system has now been tested over 600 m of strike length, and drilling has intercepted broad zones of significant gold mineralisation in many holes. Ongoing exploration drilling will continue to expand the footprint of mineralisation by extending drilling along the large 7 km geophysical anomaly that Hickey's Pond is centred over, and explore for zones of higher grade within this large mineralised system. The Company has outlined several high-priority targets on its large land package and has completed geochemical, geological, and geophysical surveys to better characterise them. Each of these targets represents a centre of epithermal activity which could represent significant mineralisation in the subsurface, and none of them have ever been drilled historically. The first of these targets to be drilled is Tower, located approximately 11 km to the southwest of Hickey's Pond, and the first target on the property to be tested outside of Hickey's Pond. A plan map showing drill collars and traces for drill holes completed at Tower to date is given. A total of 1,845 m of diamond drilling in nine holes have tested the Tower system over 850 m of strike length. All holes have intercepted epithermal alteration consistent with current geological models for these types of epithermal systems. Quartz-alunite schists, quartz breccias and quartz-hematite breccias have been intercepted across the entire length of the system which is open along strike and to depth. The Company will report assay results as soon as they are delivered and have passed internal quality control and cautions that until assay results are received it is not possible to determine whether the high-sulphidation alteration intercepted in the drill holes at Tower contain gold mineralisation or not. Duyuru • Jun 09
Burin Gold Corp. Resumes Drilling on Hickey’s Pond – Paradise Gold Project, Newfoundland Burin Gold Corp. announced that drilling operations have recommenced at its Hickey’s Pond – Paradise Gold Project (“HPP Project”) on the Burin Peninsula in southeastern Newfoundland, after a hiatus for the spring breakup. In Q1/2022, the Company completed 22 diamond drill holes on the Hickey’s Pond showing, for a total of 3,777 m of diamond. Assay results for the first seven holes received were released on April 20th, 2022 and included a highlight of 16.0 m of 1.57 g/t Au. Assays for the remainder of the drilling completed during the winter program are pending. The Company is fully funded for approximately 4,000 m of diamond drilling planned for this summer. The summer program will build on the first phase of drilling at Hickey’s Pond, with additional holes designed to further test the mineralised system, as well as drill test, for the first time, other high priority targets on the Company’s HPP Project. Summer drilling program The Company’s fully funded summer exploration program will comprise approximately 4,000 m of diamond drilling on the HPP Project. Approximately 2,000 m of drilling will be focused on development and scout drilling at and around the Hickey’s Pond showing, and another 2,000 m focused on the Tower showing. The areas marked in red (Tower and Hickey’s Pond) will be drill-tested this summer. The area marked in grey blue (Strange and Bullwinkle) has been identified for drilling next winter when ground access will be easier. The Tower showing is a large-footprint hydrothermal alteration system exposed on surface over approximately 500 m. It is open along strike in both directions: under a pond to the northeast and a glacial esker to the southwest. Work on the showing by previous explorers outlined three large boudins of epithermal quartz measuring up to 100 m in length and up to 75 m in width and a large alteration halo of quartz-sericite-pyrite schist. The Company’s own sampling on the showing has returned up to 0.9 g/t Au in grey epithermal quartz float adjacent to the hydrothermal boudins, on the edge of a showing-parallel linear bog where basal till sampling returned up to 0.125 g/t Au. The showing has never been drill tested before, despite its impressive size and width on surface, high-sulphidation epithermal alteration signature, and presence of gold-bearing mineralisation at surface. This first phase of drilling at Tower will consist of a series of drill fences at 200 m spacings along strike designed to broadly test the subsurface under the surface showing for gold mineralisation and geochemical vectors towards the potential centres of hydrothermal fluid flow. Duyuru • May 14
Burin Gold Corp., Annual General Meeting, Jul 13, 2022 Burin Gold Corp., Annual General Meeting, Jul 13, 2022. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 1 independent director (5 non-independent directors). Founder, President, CEO & Director David Clark is the most experienced director on the board, commencing their role in 2018. Independent Director Perry Ing was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Apr 21
Burin Gold Corp. Announces Gold Assay Results from an Initial Seven Holes on the company’s 2022 Program Burin Gold Corp. announce gold assay results from an initial seven holes on the Company’s 2022 program of 10,000 m of diamond drilling at its 100%-owned Hickey’s Pond – Paradise Gold Property, southeastern Newfoundland, Canada. 16.00 m of 1.57 g/t Au in HP-22-011, including 8.24 m of 2.58 g/t Au, 10.65 m of 1.14 g/t Au in HP-22-008, 10.50 m of 1.37 g/t Au in HP-22-013 Broad zones of gold mineralisation now reported in over 400 m of strike, including best result from 2020 drilling of 10.8 m of 4.43 g/t Au in HP-20-002 Large high-sulphidation epithermal gold system open along strike and to depth Assays from 2,600 m of the initial 3,777 m drilled are still pending Two drills mobilising to the property in mid-May Upgrade of ATV trail to Hickey’s Pond approved by Government of Newfoundland & Labrador Company will host a corporate update webinar on April 26th. These assay results represent the first 7 holes for which assays have been received, out of a total of 22 drill holes completed to date this year. A total of 3,777 m of diamond drilling has been completed out of the Company’s previously announced 10,000 m drill program. All holes completed have been logged and sampled, and all core samples are now at the analytical laboratory for assay. Additional results will be released as they are received. It is expected that diamond drilling activities will resume in May after the spring breakup in Newfoundland. Two diamond drill rigs will be mobilised, with one focused on resource-level drilling at Hickey’s Pond, and the other focused on testing the other priority targets on the Company’s large land package, none of which have ever seen any historical drilling. Burin Gold is also pleased to announce that the Hickey’s Pond trail upgrade project has been released from environmental review by the Government of Newfoundland & Labrador. The upgrade of this trail from an ATV access trail to a gravel dirt road is expected to begin in late April and its completion will considerably raise ease-of-access and travel safety to the drilling project at Hickey’s Pond. Gold fire assay results have been received for seven holes out of the twenty-two holes drilled so far in the Company’s 2022 program. Composited assays for gold are given below in Table 1. Collar location and orientation data are given in Table 2. Multi-element geochemistry and spectral mineralogy interpretations are pending. showing the drill collars and traces for all holes completed during the Company’s winter 2022 program, as well as the holes completed by the Company in its scout 2020 program. The sections show mineralisation is continuous along strike and open to depth. These initial holes test the mineralisation at shallow depths of up to 75 m vertical distance. Mineralisation is associated with boudined quartz-hematite-alunite alteration and quartz-hematite breccias hosted within a northwest-dipping shear zone. The Company expects that the next phase of Burin Gold’s drill program will commence in late May and will include two diamond drills. The first will continue work on the Hickey’s Pond mineralised system, drilling on systematic drill centres. The objective of this summer program will be to document the system in sufficient detail to be able to prepare a preliminary resource estimate for H1/2023. The second drill will focus on the Company’s several high-priority targets on its large land package. The Company has documented each of these targets and has completed geochemical, geological, and geophysical surveys across the large land package. Each of these targets represents a centre of epithermal activity which could represent significant mineralisation in the subsurface, and none of them have ever been drilled historically. Duyuru • Mar 04
Burin Gold Corp. Announces Management Changes Burin Gold Corp. announced that its Board of Directors has appointed Mr. Perry Ing as an independent Director to the Board of the Company and has appointed Mr. Stephen Sulis, the Company’s Chief Financial Officer, to serve as Corporate Secretary of the Company. Furthermore, the Company has granted incentive stock options to certain directors, officers, employees, and consultants of the Company. Mr. Ing has 25 years experience in the Canadian mining industry. Over the past 15 years, he has held positions as Chief Financial Officer of Mountain Province Diamonds, Kirkland Lake Gold and McEwen Mining. Prior to that he worked at Barrick Gold and Goldcorp and started his career in the mining practice at PwC. He is currently working as Chief Financial Officer with several companies listed on both the TSX Venture Exchange and Canadian Securities Exchange and has in-depth experience and knowledge of Corporate Governance at a board level. Stephen replaced Ms. Jaclyn Ruptash who resigned from the Company effective February 28, 2022. Duyuru • Mar 01
Burin Gold Completes First 2,000 M of Drilling At Hickey’s Pond, Newfoundland Burin Gold Corp. provided an update on drilling operations at its Hickey’s Pond – Paradise Gold Project in Newfoundland, Canada. As previously announced, diamond drilling operations commenced on February 3rd, 2022. As of February 27th, 2022, the Company has completed 14 holes on the project for a total of 2,158 metres of drilling. A total of 3,584 samples (including quality assurance samples) have been collected for analysis, and of that number, a total of 1,149 samples have been sawed and expedited to Eastern Analytical Ltd. (“Eastern”) in Springdale, NL for gold fire assay. The completed drill holes have been focused on the Hickey’s Pond showing. The Company’s initial objective is to document the volume and grade of mineralisation of the showing at depths amenable to open-pit mining methods with two to three drill holes per section, on 100 m-spaced sections along the strike of the system. All holes drilled in 2022 so far have intersected zones of high-sulphidation epithermal alteration consistent with the Company’s current geological model for the system. Hydrothermal alteration types which were found to be gold-bearing in the Company’s previous scout drill program in 2020 (e.g., quartz-alunite schists, quartz breccias, and quartz-hematite breccias) have been intersected in every hole. The Company will report assay results as soon as they are delivered and have passed internal quality control review and cautions that until assay results are received it is not possible to determine whether the high-sulphidation alteration intercepted in the drill holes completed to date this year contain gold mineralisation or not. Drilling operations will continue until the spring breakup, during which time drilling will be paused. Once the early summer season has begun, the Company intends to mobilise a second drill to the project and drilling should continue throughout the summer and fall. The Company plans to drill 10,000 m during 2022, focusing on Hickey’s Pond as well as testing the Company’s other high-priority targets on the property. Duyuru • Feb 04
Burin Gold Corp. Commences Drilling Operations at its Hickey’s Pond – Paradise Gold Project on Burin Peninsula in Southeastern Newfoundland Burin Gold Corp. announced that drilling operations have commenced at its Hickey’s Pond – Paradise Gold Project on the Burin Peninsula in southeastern Newfoundland. The first of two planned diamond drills has been mobilised to site and has started drilling at the Hickey’s Pond prospect. A minimum of 10,000 m of diamond drilling is planned for the property in 2022. This will include the first phase of a resource definition program at Hickey’s Pond, as well as exploration drilling of several of the other high priority, yet to be drill tested targets on the property. The program is fully funded, with approximately CAD 5.6 million currently in the Company treasury. Hickey’s Pond drilling program: Drilling has commenced on the historical Hickey’s Pond showing. The Company’s initial scout drilling in 2020 obtained a best result of 10.8 m of 4.43 g/t Au within a larger interval of 58.25 m of 1.12 g/t Au in hole HP-20-002. Overall, the footprint of the alteration system around Hickey’s Pond is over 7 km in strike length, and less than 10% of this has received even cursory drill testing. The first ten drill holes of the 2022 program will be located on the Hickey’s Pond showing, as follow-up drilling to the Company’s 2020 scout drill holes. The new holes are designed to both expand the footprint of mineralisation along strike, provide infill drilling for resource modelling, and test down-dip of the mineralised structure for continuity of mineralisation to depth. A total of 1,900 m in ten diamond drill holes are planned for the area of the historical showing, drilled on four 50 m spaced sections. Second diamond drill mobilization: A second diamond drill is planned for mobilisation in the next two weeks. The selection of drill targets for the second drill will be dependent on the long-term weather forecast for the remainder of winter on the Burin Peninsula. Along-strike drilling at Hickey’s Pond to quickly expand the footprint of alteration and mineralisation and early testing of other undrilled high priority targets are both planned; the order of drilling will proceed in the most efficient manner possible. Airborne geophysical survey update: Geotech Ltd. continue their airborne geophysical survey over the property. Survey equipment failures and bad weather have slowed production significantly. The Company expects the survey to be completed in the coming weeks. Duyuru • Jan 18
Burin Gold Announces A First Phase 10,000 M Drill Program At Hickey’s Pond Burin Gold Corp. (“Burin Gold” or the “Company”) announced that it has signed a contract with RNR Diamond Drilling to provide diamond drilling services and intends to start its first-phase 10,000 m drill program before the end of January. The Company has appointed Jeffrey Burke PGeo as Exploration Manager to manage exploration activities, including diamond drilling, on the Hickey’s Pond Gold Project. The Company’s previously announced airborne geophysics program is currently ongoing. RNR Diamond Drilling (“RNR”), of Springdale, Newfoundland, has been contracted to provide the Company with diamond drilling services for the 2022 exploration program. A 10,000 m diamond drilling program is planned for this first phase of resource-level drilling at Hickey’s Pond. Drilling will initially focus on expansion of the footprint of existing mineralisation and target higher-grade intersections around the Hickey’s Pond showing. This phase of drilling is fully permitted. The Company’s initial drilling in late 2020 demonstrated the potential for both large tonnage and higher-grade mineralisation at Hickey’s Pond, with a best result of 10.8 m of 4.43 g/t Au within a larger interval of 58.25 m of 1.12 g/t Au in hole HP-20-002. Overall, the footprint of the alteration system around Hickey’s Pond is over 7 km in strike length, and less than 10% of this has received even cursory drill testing. For Burin Gold’s upcoming drilling program, both in-fill drilling near the historical Hickey’s Pond showing as well as drill holes along the strike extension of the alteration system and deeper drill holes are planned. RNR will supply up to two diamond drill rigs to the Company. RNR personnel have already mobilised to the project and have begun access trail and site preparation. The Company anticipates that drill mobilisation and the start of drilling operations will commence before the end of the month, subject to any new COVID19-related restrictions that may be imposed by the Government of Newfoundland & Labrador. The Company has secured the necessary facilities and infrastructure for core logging and sample preparation in Swift Current, NL, located an approximately 15-minute drive from the trailhead to Hickey’s Pond. Staffing and drilling program preparation is currently underway, and the Company expects to have a strong technical team on site. Burin Gold announced that Mr. Jeffrey Burke, EP, PGeo, has joined Burin Gold as Exploration Manager. Jeff is a registered professional geoscientist (PGeo) in the province of Newfoundland & Labrador and an environmental professional (EP) with over 12 years of experience in mineral exploration and project management. He has worked extensively with various epithermal gold systems across Atlantic Canada in both technical and project management capacities. Jeff will be responsible for managing the exploration activities of the Company on its Hickey’s Pond Gold Project. Burin Gold previously announced that Geotech Ltd. had commenced an airborne geophysical survey on the Company’s property in Newfoundland. Survey activities progressed through December 2021, but progress was slowed by equipment malfunctions and weather delays, and the survey was not completed before the holiday period began. Geotech Ltd. personnel returned to Newfoundland in early January 2022, and survey activities have recommenced. The Company expects that the survey should be completed before the end of January 2022. The airborne inductively induced polarization (“AIIP”) data are expected to assist the Company in defining targets along strike of the known alteration trends on the property and help with district-scale interpretation. The Company already has AIIP data over the main Hickey’s Pond alteration system from its previous surveying. Duyuru • Dec 24
Burin Gold Corp. announced that it has received CAD 0.174997 million in funding Burin Gold Corp. announced a private placement of $138,010 (CAD 174,996.68) on December 22, 2021. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable for one additional share at CAD 0.85 per share until November 22, 2023. Duyuru • Nov 24
Burin Gold Corp. has completed an IPO in the amount of CAD 6.9174 million. Burin Gold Corp. has completed an IPO in the amount of CAD 6.9174 million.
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