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Gold79 Mines Ltd V.AUU

Alternate Symbol(s):  AUSVF

Metals & Mining Industrial Metals & Minerals
Gold79 Mines Ltd. is a Canada-based exploration stage junior mining company. The Company is focused on building ounces in the Southwest United States (U.S.). It is engaged in the identification, acquisition, evaluation and exploration of mineral properties in North America. The Company’s gold projects include the Jefferson Canyon Gold project and the Tip Top Gold project, both located in Nevada, U.S., and the Gold Chain project located in Arizona, U.S. In addition, the Company holds approximately 32.3% interest in the Greyhound Project, Nunavut, Canada under a joint venture by Agnico Eagle Mines Limited. The Tip Top Gold project is located in Esmeralda County, Nevada at the north end of the White Mountains, five miles south of Montgomery Pass, which is on United States Highway 6 between Bishop, California, and Tonopah, Nevada. The Gold Chain project consists of 15 patented claims, covering approximately 282 acres and 379 lode claims on BLM land comprising about 7,480 acres (3,027 Ha).


TSXV:AUU - Post by User

Gold79 Mines Ltd > New Press Release - Gold79 Announces Private Placement Financing of up to $1,000,000 and Share Consolidation
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Comment by Waybackjoeon Apr 11, 2024 10:44am
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Post# 35983255

RE:RE:New Press Release - Gold79 Announces Private Placement Financing of up to $1,000,000 and Share Consolidation

RE:RE:New Press Release - Gold79 Announces Private Placement Financing of up to $1,000,000 and Share ConsolidationA 25% haircut so far just on the announcement. Next comes the 1 for 10 smack job and the erosion of share value. Nobody is going to pay 25 or 35 cents for a junior stock where there is no material change other than less shares around.  Forget the gold chain... unless the permit for Jefferson shows up soon it's going to be another long wait. I suspect the reason for this move is that the permitting is once more in stall mode.
Dissapointing but I can't say that I am surprized. I was really banking on Jefferson though.

WBJ
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