South Atlantic Gold Inc. announces it intends to complete a non-brokered private of up to 30,000,000 common shares of the Company at a price of $0.05 per share for gross proceeds of up to $1,500,000 placement . Proceeds will be used by the Company for exploration expenditures as well as general working capital and administrative purposes. Douglas Meirelles, CEO stated, "We anticipate strong support for the Offering [...]
South Atlantic Gold Inc. announces that Mr. Adam Davidson and Mr. S. Mitchel Wasel will be joining the Company's Board of Directors as a result of their election at the 2021 Annual General Meeting held October 22, 2021. Board of Directors Mr. Adam Davidson is currently Chief Executive Officer and director of Trident Royalties PLC, a diversified mining royalty and streaming company. His past experience includes Resource [...]
South Atlantic Gold Inc. is pleased to report that Pedra Branca's Maiden Resource has been completed and is presented under National Instrument 43-101 technical report standards. The resource was completed by the consolidation of historical drilling and Phase 1 Reverse Circulation drilling results with an average depth of 41.2 meters . Highlights - Completed 100% earn-in of the Pedra Branca Project from [...]
South Atlantic Gold Inc. announces that it has conducted a review of the historical data from its 100 percent owned Big Kidd Project, a copper-gold porphyry, located 25 kilometres south of Merritt, British Columbia, Canada. The initial review was conducted to perform a re-analysis of the drilling data with consideration to increased copper prices. Analysis of the historical Induced Polarization and Diamond Drill data has [...]
South Atlantic Gold Inc. is pleased to announce that it's 75 percent earn-in on the Pedra Branca Project, located 280 kilometers southwest of Fortaleza, Ceará State, Brazil has been completed. An audit of the US$1 million in exploration expenditures by South Atlantic from its Phase 1 exploration program has been completed and Jaguar has accepted the results which completes the earn-in requirements for the 75% interest [...]
South Atlantic Gold Inc. is pleased to announce it has received additional positive assay results from its Phase I exploration program at the Mirador Target, within its Pedra Branca Project area, located 280 kilometers southwest of Fortaleza, Ceará State, Brazil. Douglas Meirelles, CEO stated, "We are pleased with the results being reported today. Our Phase 1 program focused primarily on the core targets, but towards the [...]
South Atlantic Gold Inc. is pleased to announce it has completed the Phase I exploration program at its Pedra Branca Project, located 280 kilometers southwest of Fortaleza, Ceará State, Brazil. A consolidation of the entire historical and newly acquired data from the Phase I program includes a total of 122 RC and 90 Diamond Drill holes, representing 5,022 meters of RC drilling and 8,914 m of Diamond Drilling. All drill [...]
South Atlantic Gold Inc. is pleased to announce it has received additional positive assay results from numerous target areas at the Pedra Branca Project, Brazil. Near-Surface Assay Highlights: - Igrejinha Target results included: - Reverse Circulation Drill hole PBRC052 intercepted 1 meter grading 1.61 grams per tonne gold from 1 m depth - Coelho-Queimadas Target results included: - RC Drill hole PBRC037 intercepted 1 m [...]
South Atlantic Gold Inc. is pleased to announce it has received additional assay results from both the Igrejinha and Coelho-Queimadas Target areas at the Pedra Branca Project, Brazil. Assay Highlights: - Igrejinha Target results included: - Reverse Circulation Drill hole PB-RC-007 intercepted 1 meter grading 2.37 grams per tonne gold from 3 m depth - RC Drill hole PB-RC-051 intercepted 1 m grading 7.42 g/t Au, from 14 m [...]
Douglas Meirelles, President, CEO & Director, South Atlantic Gold Inc. , shares his company's story in an interview with TMX Group. The C-Suite at The Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite at The Open videos [...]
South Atlantic Gold Inc. is pleased to announce that all drill hole core sample results have been received for the historic drilling validation program. The validation of historic drilling results represents a very important milestone for the Company as these results can now be incorporated into the NI 43-101 document currently being prepared as part of the earn-in with Jaguar Mining Inc. . Highlights: - All historic [...]
South Atlantic Gold Inc. is pleased to announce the engagement of Red Cloud Financial Services Inc. and Red Cloud Securities Inc to provide the Company with capital markets advisory and marketing services . Red Cloud will provide the Company with a range of capital markets advisory services and access to its mineral industry network to increase the Company's exposure to alternative sources of capital and to generate and [...]
