Kelowna, August 31, 2022 - South Atlantic Gold Inc. is pleased to announce further exploration results from its previously announced Phase II program . Results include recently received assays from reconnaissance RC drilling which, when combined with geophysical, geochemical sampling of soils and trenches and geological mapping data has, for the first time, informed a comprehensive target generation exercise across the [...]
South Atlantic Gold Inc. is pleased to announce that it has entered into a Memorandum of Understanding Agreement with the government of Ceará State, Brazil to support South Atlantic in the advancement and development of the Pedra Branca Project. Douglas Meirelles, CEO stated, "This signed MOU with the state government of Ceará represents a pledge to assist, promote and aid the financing for the development of Ceará's [...]
South Atlantic Gold Inc. announces the continuance of consolidation and interpretation of the geological and geophysical data at the Pedra Branca project located in Ceará State, northeastern Brazil. A new updated map illustrates an anomaly resulting from the geophysical magnetic survey alongside with the 33 top intercepts to date from Phases I and II . Douglas Meirelles, CEO stated, "The potential size and scale of the [...]
South Atlantic Gold Inc. announces another milestone for the Phase II exploration program which included a high-resolution Unmanned Airborne Vehicle magnetic survey at its 100 percent owned Pedra Branca project, located in Ceará state, northeastern Brazil. The initial results of the UAV survey define a distinct signature over areas of known mineralization that, when combined with other datasets demonstrates the potential [...]
South Atlantic Gold Inc. announces the completion of the trenching program of the Phase II exploration program at its Pedra Branca project, located in Ceará state, northeastern Brazil. The trenching program assayed over 200 mineralized intersections, including the highest grading intersection at surface identified so far with 3 meters grading 38 grams per tonne gold . The Relatório Final de Pesquisa report was submitted [...]
South Atlantic Gold Inc. announces that it has engaged Stratus Aeronautics Inc. , with headquarters in British Columbia, Canada and offices in Brazil, to perform a high-resolution drone magnetic survey over the Pedra Branca Project located in Ceará State, Brazil. Geophysical Program The drone magnetic survey will be conducted over the Pedra Branca gold resource reported in the NI 43-101 technical report and extending 1-2 [...]
South Atlantic Gold Inc. announces that the Phase II Exploration program is proceeding well and early results demonstrated a high-grade sample of 96.04 grams per tonne gold over 1 meter at the Barra Nova target. This assay result , among others highlighted below, are confirming mineralization along 40 kilometers of the regional strike length, and to the south of the initial Pedra Branca resource. Douglas Meirelles, CEO [...]
South Atlantic Gold Inc. is pleased to announce the commencement of a Phase II exploration program over its flagship 100% owned exploration project located in Ceará State, northeast Brazil. The Phase II program has been developed utilizing field observations from recent site visits by management and a comprehensive review of Phase I exploration results by the newly formed Technical Committee. Technical Committee [...]
South Atlantic Gold Inc. announces the creation of a Technical Committee, Compensation Committee and changes to the Audit Committee. Two new members will be joining the Board of Directors including Mr. Rick Brown and Mr. Bill O'Hara while Mr. Antenor Silva is resigning from the Board. The number of Directors will be changed to seven in total. Douglas Meirelles, CEO stated, "Following the successful financing we just [...]
Phoenix Gold Fund Limited of Kuala Lumpur, Malaysia, announces it has acquired an aggregate of 10,000,000 common shares at an average price of C$0.05 of South Atlantic Gold Inc. on December 17, 2021 pursuant to a non-brokered private placement . Phoenix acquired the common shares at a price of C$ 0.05 per share for a total purchase price of C$ 500,000. The Issuer's office is located at Landmark 3 #335-1632 Dickson Avenue [...]
South Atlantic Gold Inc. has completed the previously announced financing wherein the Company has issued today 35,000,000 common shares at a price of $0.05 for gross proceeds of $1,750,000 . Phoenix Gold Fund Limited of Kuala Lumpur, Malaysia, acquired 10,000,000 Shares for consideration of $500,000. Subsequent to the closing of the Offering Phoenix beneficially owns or controls 10,000,000 common shares of the Company [...]
South Atlantic Gold Inc. announces it has increased the previously announced financing wherein the Company has increased the Offering to 35,000,000 common shares of the Company at a price of $0.05 per share for gross proceeds of up to $1,750,000 placement . Proceeds will be used by the Company for exploration expenditures as well as general working capital and administrative purposes. To demonstrate continued support of [...]
