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News Focus
C.GRCM | 5 hours ago VANCOUVER, BC, June 7, 2024 – Geologica Resource Corp. (CSE:GRCM, FSE:862 ) (“Geologica” or the “Company”) is pleased to announce the closing of its previously announced financing and property acquisition. The Company intends to issue 4,301,450 Units at $0.035 per unit for total proceeds of $150,550 (the “Units”) each Unit consists of a share and a whole warrant. Each warrant may be exercised for 1 (one) share for 2 (two) years from closing for $0.05. A warrant holder must exercise the Warrant, within 30 days of the shares of the Company trading at a 20 day VWAP of $0.20 or greater once the 4 month statutory hold has expired. The Company paid finders fees of $10,928 and issued 312,229 finders warrants. The warrants have the same terms as above. The proceeds of the financing will be used for exploration work and general administration. In a sperate transaction the Company issued 2,000,000 shares to complete the acquisition of the Topley West Property as announced March 28, 2024. The Company has also issued 100,000 shares at a deemed price of $0.045 to settle outstanding debt with an unrelated party. The securities issued under the financing will be subject to restrictions on resale for 4 (Four) months and a day, pursuant to applicable Canadian securities laws and the rules of the Canadian Securities Exchange. TOPLEY LANDING PROJECT TOPLEY LANDING PROJECT The claims to be explored at Topley Landing are overlapped by Lake Babine Nation (LBN) traditional territory; In consultation with the Lake Babine Nation, Geologica has been granted access to Topley for completion of an IP survey; Geochemistry has identified high priority exploration target areas and kilometer-scale VMS target areas; The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits including the on-trend past-producing Granisle and Bell copper mines; American Eagle Gold Corp. has discovered a copper deposit on trend with Topley; The property is located in central BC, is road accessible and cost effective to explore year round BC Hydro power lines transect the property and several water sources are available on the property; Rail Access to tide water is only 40km away; Porphyries contain the largest reserves of Copper and close to 50% of gold reserves in BC; Topley Property consists of 11 mineral claims totaling 4,216 Ha with six known prospects and showings. About Geologica Resource Corp. Geologica Resource Corp. is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia. Further information on Geologica Resource Corp. can be found on the Company’s website https://geologicaresource.com/ and on SEDAR at https://www.sedarplus.ca Doug Unwin President & CEO (604) 762-5355 doug.unwin@geologicaresource.com Forward-Looking Statements This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “ensuring”, “believe”, “anticipate”, “will”, “would” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, this news release contains forward-looking information pertaining to the Company’s plans and objectives with respect to the Topley Project. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, failure to obtain all necessary regulatory approvals, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws. Tags: INDUSTRIAL METALS & MINERALS 0 Related News @ the Bell: Resource stocks lift TSX 21 hours ago @ the Bell: How did markets react to the BoC rate cut? 1 day ago @ the Bell: TSX hits one-month low 2 days ago Recent U.S. Press Releases Geologica Closes Financing And Property Acquisition 5 hours ago INDUSTRIAL METALS & MINERALS ADDITION OF NEW COPPER CLAIMS AT TOPLEY PROJECT April 18, 2024 INDUSTRIAL METALS & MINERALS Xcyte Digital Corp. Purchases Assets of A+ Conferencing April 3, 2024 TECHNOLOGY More Press Releases » Featured News Links Flow Test and Laboratory Analysis Confirm a Major New HELIUM Discovery in Minnesota This Small-Cap Gold Stock Keeps Notching Up High-Grade Gold in Nevada Thematic Insights: Free Podcast Exploring Market Trends & Emerging Sectors Get the latest news and updates from Stockhouse on social media facebook twitter linkedin Follow STOCKHOUSE Today (click to learn more)
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Bullboard - Stock Discussion Forum AbraSilver Resource Corp ABBRD


Primary Symbol: V.ABRA

AbraSilver Resource Corp. is a Canada-based silver and gold exploration company. The Company is focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina. Its project includes Diablillos, La Coipita, Arcas Copper / Gold Project and Aguas Perdidas. The Diablillos is a 7,919 hectares (ha) property located in the Argentine Puna... see more

Bullboard (TSXV:ABRA)

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Post by Jonathon Brownon Jun 06, 2024 8:20am

Buzz on the Bullboards: 3 stocks breaking the silence of a quiet June

Post by ErinBrockovichon Jun 01, 2024 7:55am

Silver Had Highest Monthly Close In…

Silver Had Highest Monthly Close In… 11 years. This is a significant milestone. Banksters and PM short positions will need to shift gears. They were unsuccessful in getting the price ...more  
Post by ErinBrockovichon May 29, 2024 6:43am

Watching Silver, Watching PM Stonks

Like WPM, KNT, WHN, DEF, SSV, GSVR, FYL and ABRA. Abra and GSVR are amongst my largest holdings. WHN and KNT are gold and just starting to gain traction again  DNG if you want safety. Me, I'm ...more  
Post by ErinBrockovichon May 29, 2024 6:36am

China Silver

Price discovery always wins.  Shanghai silver futures are now around 40 USD. Shanghai silver currently at 36 dollars. Comex silver is about 32 dollars. Comex silver futures 32.50, but should ...more  
Post by ErinBrockovichon May 27, 2024 12:49pm

Got Silver?

Silver making moves towards Shanghai silver price. Comes silver up almost 5 percent. Silver currently at 31.80.
Post by ErinBrockovichon May 24, 2024 7:48am

King Silver

Comex/LME Silver is at 30.54. Shanghai silver is at 34. Delta persists. Silver futures 30.60 to 31.00. Prevailing wind pushing silver up. More and more I believe that Shanghai is acting like Silver ...more  
Post by ErinBrockovichon May 22, 2024 9:49am

Gold Ventures on Silver High

  I am thinking a spike above 40 dollar silver is likely. Higher than that? Yes, entirely possible. But I am somewhat conservative.  GV:   Getting a ...more  
Post by ErinBrockovichon May 22, 2024 8:58am

Well Said From CEO Boards

@Not2Sirius There is no downside to the consolidation. Everyone currently invested in Abra should see it as a top flight developer with a high share count from its less successful days. Share ...more  
Comment by ErinBrockovichon May 22, 2024 6:53am

RE:Silver Shazam

Correction. Shanghai silver futures touched on 39 dollars last night. Shanghai silver around 36 dollars. Comex silver is  31.75. Expecting cautious notes from FED. Rate cuts likely delayed ...more  
Post by ErinBrockovichon May 22, 2024 6:47am

Silver Shazam

Shanghai silver touched on 39 dollars last night. It's around 36 dollars now. Comex silver is  31.75. Expecting cautious notes from FED. Rate cuts likely delayed till the fall is my bet. The ...more  
Comment by theSquireon May 21, 2024 10:49am

RE:Abra Cadabra

Erin, thanks for the heads up on GSVR and APN. GSVR is up over 20% this AM on their debt repayment news. Sweet! And yes, silver is climbing rapidly, but likely to be fairly choppy for the next couple ...more  
Post by ErinBrockovichon May 21, 2024 9:58am

Shanghai Silver

Hit 36 dollars a few hours ago. Once again east and west prices are divergent. This delta should narrow. Price discovery at work. 
Post by ErinBrockovichon May 20, 2024 6:12am

Silver Silver Silver

Watching silver carefully. Silver now 32 dollars. Silver futures out to September are now 32.62. I expect volatility. I am looking for a new base price between 30 and 35 dollars. 
Post by PetroLoonie1on May 19, 2024 1:26pm

Silver Stock Watch List

https://miningcharts.substack.com/p/silver-stock-watchlist
Post by ErinBrockovichon May 19, 2024 7:01am

Silver Heading Up

https://www.mining.com/web/copper-and-gold-close-in-on-records-as-metals-mayhem-continues/
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