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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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Benz Mining Corp BENZF


Primary Symbol: V.BZ

Benz Mining Corp. is a Canada-based focused gold exploration company. The Company is involved in the acquisition, exploration and exploitation of mineral properties located in the Americas. The Company’s projects include Eastmain Gold, Ruby Hill West Lithium and Windy Mountain. The Eastmain gold project is located in the Upper Eastmain Greenstone belt, 320 kilometers (km) northwest of Chibougamau and 800 km north of Montreal. The property covers 8,000 hectares (ha), consists of 152 mineral claims and one industrial lease permit. The Ruby Hill West Lithium project is a surface occurrence of spodumene bearing pegmatite within the Ruby Hill West project, located 50 km due west of Benz Mining’s Eastmain exploration camp. The Company owns 78 claims on the Windy Mountain property, covering 4,109.7 hectares (41.10 square kilometers).


TSXV:BZ - Post by User

Comment by CrimsonTon Sep 14, 2020 6:38am
51 Views
Post# 31551279

RE:Crimson tied to his bags??

RE:Crimson tied to his bags??
Goldnboy1 wrote:

Look, I didn't insult anyone. Taking personal offence is your choice. Just as it could have been your choice to read, interpret and understand. 

You see, I never hate on an infrequent cross poster. I welcome it. I want to share more data, find more ten baggers, over and over again etc. For me to achieve this, I need help. That help can come in the form of online tools, but also communities. Communities that are getting stronger and stronger I might add.

When a new symbol I've never seen related to a market I like crosses my desk, I have two choices. 

Do I be lazy, and offended. Then proceed to waste my time yelling at the poster for attempting to disturb the tunnel vision of the board? 

Or....

Do I get down to work, DD the stock. Understand if this poster is an actor (marketer) or a pure retail just talking a lot of confidence for a stock that may be an attractive buy for whatever reason. 

I am the type who would do the second statement, not the first. You've already proven your type Crimson.

So to recap the reasoning behind his hissy fit.

I suggested once per month in January, February, and March. That Benz Mining was a "little brother" stock to the WM story. That investors would achieve a much more material return to their portfolio holding BZ, than holding WM would be capable of.

That's not spamming, that's an olive branch.

Now nearly nine months into those proclamations. Benz sits at a +760% YTD. Wallbridge sits at 27%. His hissy fit is starting to wreak of grumpy old jealousy. Jealousy of a couple kids I might add. Kids with lots of toys. ;-).

Read the technical report. This isn't a 250koz deposit. This is a 800koz+ deposit open in multiple directions with multiple early stage expansion targets. But most importantly it will show you that just 242/538 grade capped holes drilled historically were used for that resource estimate. When all holes are used, the estimate jumps to a non compliant number seen above. But they won't be non compliant much longer. Why? Just a few more zones of confirmation drilling left. Then they can be utilized and this will vault to a 1+ Million ounce M+I high grade near surface deposit. The holes missing. The Placer Dome holes. Aka The best holes!

You've been around a while right Crimson? What happens when stocks 3-4x mineral reserves in a gold bull, after just an initial stage of exploration re start. They tend to multi bag, prior to and following those types of disclosures. If incoming managers can execute this. Then that is the very bright future for this stock. Whether your shoddy dd see's it at this stage or not. Not the first, won't be the last we leave in our gold dust! 


There you go again about the rocks. For some comapanies its about the rocks and for others its about the paper. For most its about the paper until they actually find something of interest, then its about the rocks.

CT
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