Pre-Tax NPV5% of USD690 million, Pre-Tax IRR of 26.35% and AISC of USD1,005/oz 2.27Moz gold production over a 14-year mine life, producing 200,000 oz per annum in the first 5 years Upon filing of the Feasibility Study on SEDAR Pasofino can deliver an Option Satisfaction Notice confirming that it has satisfied the requirements to earn its 49 [...]
Pasofino Gold Ltd. is pleased to announce that it has appointed Mr. Savas Sahin as the nominee of Eczacıbaşı Esan to the Board of Directors of the Company. He replaces Bulent Kozlu, the previous nominee director of Eczacıbaşı Esan. Mr. Sahin has had many years in the mining industry, working under operational, projects and management roles at Eurogold, Inmet Metal Mining, Newmont, Mount Isa Mines, Demir Export, AMAK Mining in Turkey, Australia, and Saudi Arabia. Mr. Sahin currently serves as the CEO of Eczacıbaşı Esan and sits on the board of Esan and AMAK Mining. Krisztian Toth, Chairman of the Board of Pasofino, commented: "On behalf of the Board, I would like to welcome Savas to Pasofino Gold. He brings extensive experience and ... [...]
Pasofino Gold Ltd. is pleased to announce positive developments from the ongoing Feasibility Study being undertaken on the Dugbe Gold Project by DRA Global Limited , the independent consultants appointed by the Company to complete the FS. Highlights; The FS is now scheduled to complete in April 2022, at that time the Company will, subject to [...]
Pasofino Gold Ltd. is pleased to announce that it has closed its non-brokered private placement of common shares at $0.70 per share for gross proceeds of approximately US$5.2 million. Approximately US$4.5 million of the Offering has been subscribed for by ESAN, a leading Turkish mining company. ESAN has been granted the right to nominate one [...]
Pasofino Gold Ltd. is pleased to announce a non-brokered private placement of common shares at $0.70 per share for gross proceeds of up to US$5.5 million . Approximately US$4.5 million of the Offering has been subscribed for by ESAN, a leading Turkish mining company. ESAN has been granted the right to nominate one director to the Board of the [...]
Pasofino Gold Ltd. is pleased to announce updates to the Mineral Resource Estimates for the Dugbe F and Tuzon deposits on the Dugbe Gold Project , in which the Company has an option to earn a 49% economic interest . Highlights Using a 1.0 g/t Au cut-off, the Measured & Indicated part of the MRE model boasts 2.88 million ounces of gold contained in [...]
Pasofino Gold Ltd. is pleased to announce that it has received results from a further 12 holes drilled at the Tuzon deposit on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . Highlights 11 of the 12 holes contain gold mineralised intervals. Results for all 12 holes are provided in table 1. 10 [...]
Pasofino Gold Ltd. is pleased to announce that it has received results for a further six holes drilled at the Tuzon deposit on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest . Highlights The results firm up on the increased lateral and strike extent of the higher-grade zone B at the 2Moz Tuzon deposit. 4 [...]
Pasofino Gold Ltd. is pleased to confirm that, pursuant to its previous news release dated July 8, 2021, the Company's common shares have been consolidated at a ratio of fourteen pre-consolidation shares to one post-consolidation share. The common shares will begin trading on a post-consolidation basis on the TSX Venture Exchange at market open on [...]
Pasofino Gold Ltd. is pleased to announce that it is proceeding with its previously announced share consolidation. The Company is targeting Thursday, July 22, 2021 as the date for the consolidation. Pursuant to a special resolution passed by shareholders on December 21, 2020, Pasofino will consolidate its common shares outstanding on a fourteen old [...]
Pasofino Gold Ltd. is pleased to announce that it has received results from a further 22 infill holes drilled at the Dugbe F deposit including promising results for the 800 m by 100 m thickened zone, first reported in June[1]. Dugbe F is one of two deposits on the Dugbe Gold Project, in which the Company is earning a 49% economic interest. Highlights [...]
Pasofino Gold Ltd. announces that on June 24, 2021, it granted 22,650,000 incentive stock options to directors and officers. The incentive stock options have an exercise price of $0.10 per share, are valid for a 5-year period from the date of grant and are subject to regulatory approval. The Company also announces that it has agreed with the [...]
