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 [...]
Para Resources Inc. at the request of IIROC is issuing this news release to clarify the disclosure it included in its June 20, 2019 news release. The previous news release omitted to include cautionary language as it relates to the Company's production plans for its projects that are not supported by a preliminary feasibility or feasibility study [...]
Company Also Announces Appointment of New Mine Manager at Gold Road Mine Para Resources Inc. is pleased to provide an update on operations as follows: Gold Road Gold Road received approval from Mine Safety and Health Administration for a new secondary escape route from the lowest levels of the mine. In Q2 of F2019 development advanced 614 ft in [...]
Company Also Announces Commencement of Exploration Drilling Para Resources Inc. is pleased to announce that it has closed the Company's previously announced non-brokered private placement . Pursuant to the Offering, the Company has issued 29,591,788 units of the Company at a price of C$0.18 per Unit for gross proceeds to the Company of [...]
Para Resources Inc. announces an initial exploration plan for the Tr-Ue Vein near Oatman, Arizona and approximately 1.5 miles from the Gold Road mill and mine. The program, anticipated to begin in May, will start with the first phase of approximately 5 holes totaling 3,750 feet in conjunction with a geophysics program to orient future drilling. The [...]
Para Resources Inc. is pleased to announce the successful testing of the full CIP circuit at Gold Road Mine in Oatman, AZ, including a test pour of gold. A forty ounce doré bar was poured on March 11th, 2019 from the initial carbon strips after the entire plant was balanced. The full circuit of mining, crushing, grinding, leaching [...]
Para Resources Inc. is pleased to announce the successful re-start of the Gold Road mill and CIL plant. Low-grade inventory is being used for the initial feed in order to properly balance the system. Higher grade production from current mining faces will be fed to the plant once steady state conditions are achieved, expected within several weeks [...]
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 27,777,778 units at a price of C$0.18 per unit . Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant [...]