Para Resources Inc. is pleased to announce that it has arranged a non-brokered private placement for total gross proceeds of up to C$5,000,000. The Private Placement will consist of up to 50,000,000 units at a price of C$0.10 per unit . Each Unit is comprised of one common share of the Company and one common share purchase warrant . Each Warrant [...]
Dore production at Gold Road over 730 ounces of gold month-to-date With reference to today's press release, Para Resources Inc. announces the termination of the contract mining agreement with Clark Construction and the transition to self-operation of the mining operations of the Gold Road Mine. The company would like to clarify that the decision to [...]
Doré production at Gold Road over 730 ounces of gold month-to-date Para Resources Inc. announces the termination of the contract mining agreement with Clark Construction and the transition to self-operation of the mining operations of the Gold Road Mine. Clark Construction consistently failed to achieve the projected staffing, equipment [...]
Para Resources Inc. is pleased to announce that on November 5, 2019, the Gold Road Project successfully smelted and poured a 380.0 ounce doré bar containing 220.8 ounces of gold. Figure 1 To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/3819/49527_figure1.jpg Ian Harris, President of Para [...]
Para Resources Also Announces Final Close of Over-Subscribed Private Placement Raising $10.8M Para Resources Inc. is pleased to announce that, in anticipation of the October 23rd start-up of the mill, the Gold Road mine shifted from focusing on extending and deepening the main accesses of the mine to stope development in 6 faces in the mine. During [...]
Para Resources Inc. is pleased to announce that it has closed $510,000 in the third tranche of the previously announced Private Placement of Units. The Company has issued 5,100,000 Common Shares and 5,100,000 share purchase warrants . This brings the total raised in the first three tranches of this Private Placement to 95,448,706 Shares and [...]
Strong Mine Production and Start of the Gold Road Mill puts the Project Back on Track Para Resources Inc. is pleased to announce the successful start of the Gold Road mill and CIL plant on October 23rd, with expected doré production to begin in early November. During an extended circuit test in Q1 of 2019, the mill and plant operated as [...]
Para Resources Inc. is pleased to announce that it has closed $1,570,000 in the second tranche of the previously announced Private Placement of Units. The Company has issued 15,700,000 Common Shares and 15,700,000 share purchase warrants . This brings the total raised in the first two tranches of this Private Placement to 90,348,706 Shares and [...]
Para Resources Inc. is pleased to announce that it has closed $7,464,870 in the first tranche of the previously announced Private Placement of Units at $0.10 per Unit. The Company has issued 74,648,706 Common Shares and 74,648,706 share purchase warrants . Each Warrant entitles the holder to acquire one common share of the Company for a period of 2 [...]
Vein width of between 0.61 m and 4.7 m at grades between 9.4 and 13.6 gpt Au Para Resources Inc. is pleased to announce the initial certified assay results of the phase 1 drilling program on the Tr-Ue vein started this summer. The Tr-Ue vein forms a part of the Gold Road claims and is approximately 1.6 kms from the Gold Road mill on a paved [...]
Para Resources Inc. is pleased to announce that it has arranged a non-brokered private placement for total gross proceeds of up to C$10,000,000. The Private Placement will consist of up to 100,000,000 units at a price of C$0.10 per unit . Each Unit is comprised of one common share of the Company and one common share purchase warrant . Each Warrant [...]
Para Resources Inc. is pleased to provide an update on operations as follows: Gold Road Gold Road has completed 245 feet of development raise and incline to complete excavation of the new secondary escape route from the lowest levels of the mine as per the Mine Safety Health Administration request. Work continues on lining and landings to finalize [...]
