kickedoffagain
4 years ago
Golden Tag Initiates Actions for Uplifting to OTCQB Market
Toronto, Ontario, October 9, 2020: Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG) is pleased to announce that the Company has initiated the process to have the Company’s common shares quoted on the OTCQB Venture Market (the “OTCQB”). The listing of the Company’s common shares on the OTCQB would be an uplift from the current OTC Pink Market and remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements.
Greg McKenzie, President and CEO commented, "Application and admission to the OTCQB is part of our long-term strategy to grow our shareholder base in the United States, a market that traditionally has a strong demand for investment in silver. We have also taken recent steps to attract investors from Markets in Asia through disseminating translated materials and participating in the GCFF Virtual Conference".
The Company anticipates that the move to the OTCQB will provide enhanced investor benefits including access to the most current information while reducing the trading limits and restrictions, greater access to analyst coverage and news services, and more comprehensive compliance requirements. The OTCQB is considered by the Securities and Exchange Commission (SEC) as an "established public market" for the purpose of determining the public market price when registering securities for resale with the SEC. The OTCQB increases transparency, management certification and compliance requirements, and the majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.
The OTCQB is a venture market designed for early-stage and developing US and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process.
Repricing of Stock Options
The pricing of 9,900,000 incentive stock options, as announced on September 3, 2020, has been repriced from $0.325 to $0.33.
About Golden Tag Resources
Golden Tag Resources Ltd. is a junior exploration company exploring for high-grade silver deposits. The Company holds a 100% interest in the San Diego property in Durango State, Mexico. The San Diego property is located within the Velardeña Mining District, the site of several mines having produced silver, zinc, lead and gold over the past century. For more information regarding the San Diego property please visit our website at www.goldentag.ca. Golden Tag has no debt and is well funded with cash balances of approximately $9.0 million.
For additional information, please contact:
Greg McKenzie, President & CEO
Email: info@goldentag.ca
www.goldentag.ca
Cautionary Statement:
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR. 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, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
canucklehead80
11 years ago
23 Mineralized Zones
Golden Tag Tops 200M Silver Oz Indicated and Inferred in Mexico
Kevin Michael Grace
Golden Tag Resources Ltd V.GOG announced February 26 an updated resource estimate of its San Diego Deposit in Durango State, Mexico, a joint venture with Golden Minerals Co T.AUM. Golden Tag is the operator and has the option to increase its ownership to 60% by funding additional exploration on the property.
Indicated resources are 16.5 million tonnes grading 60 grams per tonne silver, 0.08 g/t gold, 0.71% lead, 1.22% zinc and 0.1% copper (105 g/t silver equivalent) for 31.6 million ounces silver (55.5 million ounces AgEq). Inferred resources are 42 million tonnes grading 62 g/t silver, 0.07 g/t gold, 0.9% lead, 1.31% zinc and 0.1% copper (115 g/t AgEq) for 83.8 million ounces silver (160 million ounces AgEq).
CEO David Rigg spoke to Kevin Michael Grace February 26; read the rest of this interview here: http://resourceswire.com/2013/03/23-mineralized-zones/.
canucklehead80
12 years ago
Diorite Delight
Golden Tag’s David Rigg Talks Up His Mexico Silver-Plus Property
Kevin Michael Grace
Golden Tag Resources Ltd V.GOG) announced September 24 results from three drillholes at the San Diego Property in the Velardeña Mining District, Durango State, Mexico. San Diego comprises 92 hectares located 160 kilometres northeast of Durango and is a 50/50 joint venture between Golden Tag and Golden Minerals Co T.AUM.
Highlights include
0.04 grams per tonne gold, 58 g/t silver, 0.63% lead, 0.38% zinc, 0.04% copper (92 g/t silver equivalent) over 9.55 metres
0.04 g/t gold, 53 g/t silver, 0.48% lead, 1.34% zinc, 0.17% copper (119 g/t silver equivalent) over 232.72 metres
0.1 g/t gold, 289 g/t silver, 1.36% lead, 0.54% zinc, 0.09% copper (355 g/t silver equivalent) over 14.85 metres
0.05 g/t gold, 25 g/t silver, 0.64% lead, 0.6% zinc, 0.06% copper (66 g/t silver equivalent) over 20.8 metres
0.03 g/t gold, 43 g/t silver, 0.65% lead, 0.8% zinc, 0.06% copper (89 g/t silver equivalent) over 66.6 metres
0.28 g/t gold, 67 g/t silver, 1.6% lead, 0.96% zinc, 0.02% copper (151 g/t silver equivalent) over 18.4 metres
0.07 g/t gold, 63 g/t silver, 0.77% lead, 1.59% zinc, 0.2% copper (148 g/t silver equivalent) over 240.85 metres
0.15 g/t gold, 118 g/t silver, 1.12% lead, 9.18% zinc, 0.41% copper (434 g/t silver equivalent) over 16.8 metres
Golden Tag is the operator and may increase its share to 60% by spending $3 million on exploration. It has currently spent $1.8 million.
According to a January 2009 43-101 resource estimate, San Diego contains indicated resources of 4,000 ounces gold, 2.9 million ounces silver, 14.7 million pounds lead, 10.8 million pounds zinc (4.2 million ounces silver equivalent) and inferred resources of 93,000 ounces gold, 76.5 million ounces silver, 876.5 million pounds lead and 1.05 billion pounds zinc (214.3 million ounces silver equivalent).
Golden Tag CEO David Rigg spoke to Kevin Michael Grace September 24, read his interview on their recent results here. http://resourceswire.com/2012/09/diorite-delight/
eom7
12 years ago
San Diego Joint Venture Project:
Easily accessible and with nearby infrastructure in place, the property is only 20 minutes on a gravel road from a major 4 lane highway. A NI-43-101 Resource Estimate completed in January, 2009 resulted in an INDICATED RESOURCE of 4,250,000 ounces of silver equivalent and an INFERRED RESOURCE of 214,300,000 ounces silver equivalent. A Phase 5 drilling program was completed in October, 2011 and an updated NI-43-101 Resource Estimate is contemplated for completion in April, 2012. The project is a joint venture with Golden Tag and Golden Minerals Company, each owning a 50% interest
silver100
13 years ago
These are amazing!
Golden Tag Intersects up to 834.4 Grams Gold per Tonne Over 1.7 Metres in Drilling on Aquilon Property, James Bay, Quebec (24.3 Ounces Gold per Ton Over 5.6 feet)
http://finance.yahoo.com/news/Golden-Tag-Intersects-up-to-iw-790667692.html?x=0&.v=1
MONTREAL, QUEBEC--(Marketwire - 01/19/11) - Golden Tag Resources Ltd (TSX-V:GOG - News) is pleased to report results from recent drilling on the Aquilon Project, James Bay, Quebec. A program of 1,926 metres of surface drilling has been completed in 35 short vertical drill holes targeting the Lingo (10), Moman (14), Fleur De Lys (11) and Muscovite showings. Drilling confirms that very high grade gold mineralization typically occurs in the hinges of folded quartz veins in shallow-plunging, pencil-like mineralized shoots.
Significant results grading over 5.0 grams gold per tonne (g/T Au) are presented in Table 1. All reported assay values are uncut and true widths are estimated to be between 80-85% of the core lengths reported. Results include:
-- 834.4 g/T Au over 1.7 metres (m) (Moman Vein) including: -- 3,527.4 g/T Au over 0.40 m-- 116.48 g/T Au over 2.25 m (Moman Vein);-- 425.33g/T Au over 0.60 m (Moman Vein);-- 133.67 g/T Au over 0.82 m (Fleur de Lys Vein); and-- 26.70 g/T Au over 0.40 m (Muscovite Vein ).
Holes were spaced 3 to 4 metres apart and arrayed on sections across the plunge of the narrow pencil-like gold shoots; or, at approximately 5 to 15 meter intervals down plunge along the trend of mineralization, Drilling intersected veins at the expected targeted depths and encountered additional, previously unknown gold-bearing quartz veins in some areas, noticeably in the footwall to the Lingo Vein. Assays from the Lingo footwall include 6.72 g/T Au over 0.40 m and 7.59 g/T Au over 2.03 m
The four vein-occurrences characterize mineralization within the Wolf Lake Shear, a major shear zone up to 300 metres wide which trends ENE across the property. Up to 10 known high grade gold showings occur along a strike length of over 2 kilometers within the shear. The showings are typically folded, gold-bearing quartz veins which dip 20 to 35 degrees to the north. Native gold occurs in very tight pencil-like fold closures that have a shallow plunge to the NNE. Gold grades can be locally spectacular and be measured in percentage ranges (See Press Releases: June 26, 2008; May 6, 2009).
The property is located 450km east of Radisson, Quebec and is serviced by all weather gravel roads from the LG3 Hydro-electric Dam. The program was funded by Sirios Resources Inc. in agreements that will result in ownership of the property being held in joint venture by Golden Tag (50%) and Sirios (50%). Golden Tag will be operator and will have a casting vote in management decisions. SOQUEM will retain an NSR on the property (See News Release: November 4th, 2010).
Lingo Showing
Ten drill holes for 1,170 metres of drilling targeted the extension to depth of the high-grade gold shoot which was tested over a plunge length of 100 metres during drilling in 2009 (See Press Release: May 6, 2009). All new holes intersected the extension of the vein up to 245 metres down plunge of the surface expression of the zone and at a vertical depth of 120 metres. Moreover, additional pluricentimetric to pluridecimetric wide gold-bearing quartz veins were intersected above and below the Lingo vein, returning values varying from 8.00 g/t Au over 0.30 metres to 7.59 g/T Au over 2.03 metres, Table 1.
Moman Showing
Fourteen drill holes for 378 metres of drilling were completed on the Moman showing. No prior drilling had been undertaken in the area, however previous trenching on the showing had returned up to 287.4 g/t Au over 2.3 metres within a folded quartz vein. Eleven drill holes intersected the extension of the vein, nine of which contained visible gold. The elongated half-pipe-shaped folded vein has a cross-section of approximately 3 to 4 metres by 5 metres and plunges 30 degrees -35 degrees to the NNE. The vein was intersected for over 79 metres down plunge, to a vertical depth of 44 metres.
Fleur de Lys Showing
Eleven drill holes for 378 metres of drilling were completed on the Fleur de Lys showing, a strongly deformed quartz vein, which had previously returned values up to 110.2 g/t Au over 3.49 metres and 521 g/t Au over 1.80 metres in surface trenching. Seven of the holes intersected visible gold. The folded vein has a cross-section varying from 5.5 to 7 m with a 35 degrees degree plunge oriented NNE. It was intersected for some 40 metres down plunge to a vertical depth of 25 metres.
More detailed information on the Aquilon project is available at the Company's website at www.goldentag.ca.
Golden Tag and Sirios are developing a program of trenching and bulk sampling on the Lingo Occurrence for 2011/2012. Metallurgical test work on core from prior drilling has commenced and program planning and engineering are in progress for permitting. The program will be designed to evaluate the potential of the Lingo Showing and the contribution that the extremely high grade pods of gold mineralization may make to the overall tenor o mneraliztion.
Assay Method and Quality Control
A total of 980 half drill core samples were collected, split in half, and one half sent to a commercial laboratory for analysis and other half retained for future reference. A strict QA/QC program was followed which included mineralized standards and blanks for each batch of samples. Analytical services were provided by ALS-Chemex, Val d'Or, Quebec. Significant assay results were also duplicated at the laboratory. Samples were prepared using standard preparation procedures used by ALS-Chemex. Samples were assayed by fire assay with atomic absorption spectrometry finish on a 50 grams nominal sample weight. Samples showing visible gold were analyzed with metallic screen assays and fire assay methods with pulverization and screening on the entire sample. One sample with very significant mineralization was assayed using a gold concentrate method.
The diamond drilling program was conducted on behalf of Golden Tag Resources Ltd. under the supervision of Mr David Rigg, P.Geo and CEO. and Mr Roger Moar, Consulting Geologist, P.Geo.; Qualified Persons (QP's) under National Instrument 43-101 guidelines. The press release has been prepared and reviewed by these QP's.
Golden Tag Resources Ltd. is a junior exploration company exploring for high grade gold and silver deposits at the San Diego silver project in Durango State, Mexico; the Aquilon Gold project in James Bay, Quebec; and the McCuaig gold project in Red Lake, Ontario. Golden Tag has 39,770,958 issued and outstanding shares.
SOQUEM is a wholly-owned subsidiary of Societe generale de financement du Quebec ("SGF"). SGF, is the Quebec government's main industrial and financial development corporation. Its mission is to undertake economic development projects in the industrial sector in cooperation with partners and in compliance with the economic development policies of the Government of Quebec.
Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.
Table 1: SIGNIFICANT ASSAY RESULTS, AQUILON PROPERTY, JAMES BAY, QUEBEC - 2010 DIAMOND DRILLING
----------------------------------------------------------------------------Hole Number From (m) To (m) Length (m) g/t Au Comment----------------------------------------------------------------------------AQ-10-100 54.15 54.82 0.67 5.57 Muscovite---------------------------------------------------------------------------- and 89.28 89.58 0.30 26.55 Lingo---------------------------------------------------------------------------- and 91.28 91.68 0.40 21.80 Lingo----------------------------------------------------------------------------AQ-10-101 91.13 91.43 0.30 35.20 Lingo---------------------------------------------------------------------------- New, HW of MuscoviteAQ-10-102 12.88 13.18 0.30 8.00 Vein---------------------------------------------------------------------------- and 92.79 93.09 0.30 9.53 Lingo---------------------------------------------------------------------------- and 116.56 116.87 0.31 10.05 New, FW of Lingo vein---------------------------------------------------------------------------- and 118.72 119.02 0.30 12.40 New, FW of Lingo vein----------------------------------------------------------------------------AQ-10-103 32.60 33.00 0.40 26.70 Muscovite---------------------------------------------------------------------------- and 109.38 111.41 2.03 7.59 New, FW of Lingo vein----------------------------------------------------------------------------AQ-10-95 86.11 86.77 0.66 11.70 Lingo----------------------------------------------------------------------------AQ-10-96 86.00 86.20 0.20 66.60 Lingo---------------------------------------------------------------------------- and 104.29 104.69 0.40 6.72 New, FW of Lingo vein----------------------------------------------------------------------------AQ-10-99 115.24 115.74 0.50 6.94 New, FW of Lingo vein--------------------------------------------------------------------------------------------------------------------------------------------------------FDL-10-01 9.24 10.65 1.41 21.33------------------------------------------------------FDL-10-03 15.30 15.70 0.40 6.62------------------------------------------------------FDL-10-04 14.47 16.88 2.41 9.63------------------------------------------------------FDL-10-05 15.51 16.33 0.82 133.67------------------------------------------------------FDL-10-06 19.21 19.51 0.30 13.20------------------------------------------------------FDL-10-07 23.19 24.20 1.01 6.24------------------------------------------------------ and 24.70 25.36 0.66 5.60------------------------------------------------------FDL-10-08 19.65 19.95 0.30 15.00 Fleur de Lys Vein------------------------------------------------------ and 21.14 22.77 1.63 10.33------------------------------------------------------ and 23.27 23.72 0.45 6.65------------------------------------------------------FDL-10-09 16.00 18.85 2.85 6.10------------------------------------------------------ and 24.07 24.65 0.58 31.80------------------------------------------------------FDL-10-10 12.18 13.64 1.46 85.20------------------------------------------------------ and 22.12 22.42 0.30 7.45------------------------------------------------------ and 22.80 24.41 1.61 6.16--------------------------------------------------------------------------------------------------------------------------------------------------------MO-10-01 3.80 4.72 0.92 11.19------------------------------------------------------ and 5.46 6.00 0.54 32.50------------------------------------------------------ and 6.52 8.23 1.71 834.36------------------------------------------------------ including 6.92 7.32 0.40 3,527.40 Moman Vein------------------------------------------------------ including 7.32 8.23 0.91 5.97------------------------------------------------------MO-10-03 10.29 11.23 0.94 6.06------------------------------------------------------ and 12.20 13.64 1.44 6.72--------------------------------------------------------------------------------------------------------------------------------------------------------Hole Number From (m) To (m) Length (m) g/t Au Comment----------------------------------------------------------------------------MO-10-04 12.35 14.60 2.25 116.48------------------------------------------------------ and 16.00 17.46 1.46 18.21------------------------------------------------------MO-10-05 14.45 15.45 1.00 8.92------------------------------------------------------ and 15.85 16.35 0.50 8.24------------------------------------------------------ and 17.06 19.62 2.56 7.89------------------------------------------------------MO-10-07 20.60 21.80 1.20 25.16------------------------------------------------------ and 23.54 24.11 0.57 5.99 Moman Vein------------------------------------------------------ and 26.46 27.89 1.43 8.43------------------------------------------------------MO-10-08 32.36 36.95 4.59 8.40------------------------------------------------------ and 38.30 39.05 0.75 10.55------------------------------------------------------MO-10-09 37.85 39.31 1.46 23.87------------------------------------------------------ and 42.68 43.28 0.60 425.33------------------------------------------------------MO-10-10 3.31 4.51 1.20 15.64------------------------------------------------------MO-10-11 19.12 19.74 0.62 11.20----------------------------------------------------------------------------
All reported assay values are uncut.
True widths are estimated between 80-85% of the core lengths.
Abbreviations: FW - Footwall; HW - Hangingwall
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:Golden Tag Resources Ltd.Marc A CarrierPresident514-426-8542514-426-8543 (FAX)pres@goldentag.cawww.goldentag.ca
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