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Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) announced that it has closed its previously disclosed non-brokered private placement, raising aggregate gross proceeds of $2 million. The financing was completed through the issuance of 8 million units at a price of $0.25 per unit.
Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) said on Thursday it plans to raise up to C$975,000 through a non-brokered private placement for exploration at its Guyana gold property. The offering will consist of up to 6.5 million common shares priced at C$0.15 each, the company said in a statement.
Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) announced the termination of negotiations regarding the potential acquisition of Tucano Gold Inc. The company will now redirect its efforts toward advancing its flagship Marudi Mountain gold project in southwestern Guyana.
Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) has expanded its project portfolio with the acquisition of Tucano Gold, including its Mina Tucano gold mining operation in Brazil. In conversation with Proactive, executive chairman Leo Hathaway highlighted Tucano's high-grade gold deposit and potential for both open-pit and underground mining.
Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) announced it has struck an agreement to acquire private company Tucano Gold and its gold mining operation, Mina Tucano, in Amapá, Brazil. A non-binding letter of intent (LOI) signed Tuesday outlines the preliminary terms of the all-stock deal, which is intended to strengthen Golden Shield's exploration portfolio and enhance its strategic position in the gold sector.
Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) has announced promising final results from its 2024 diamond drilling campaign at the Marudi Mountain property in Guyana. The campaign, which comprised 2,592 meters across eight holes, has delivered high-grade gold findings at both the Mazoa Hill and Pancake Creek prospects.
Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) has announced promising final results from its 2024 diamond drilling campaign at the Marudi Mountain property in Guyana. The campaign, which comprised 2,592 meters across eight holes, has delivered high-grade gold findings at both the Mazoa Hill and Pancake Creek prospects.
Golden Shield Resources (CSE:GSRI, OTCQB:GSRFF) is seeing promising signs of gold mineralization at the Pancake Creek target, one of several high-grade gold intercepts at the Mazoa Hill deposit. Highlights of the company's ongoing diamond drill program at the Guyana-based property include the discovery of a 90-meter shear zone during the drilling campaign at the Pancake Creek target.
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