Lovitt Resources Inc. is pleased to announce that, further to its news release of February 28, 2022, it has closed its oversubscribed non-brokered private placement , of 1,884,742 units of the Company at a priceof $0.12 per Unit for gross proceeds of $226,169. Each unit consists of one common share of the Company and one common share Purchase [...]
Lovitt Resources Inc. is pleased to announce a non-brokered private placement financing of up to 1,750,000 units at a price of 12 cents per Unit to raise up to $ 210,000. A unit will consist of one common share and one common share purchase warrant . Each Warrant will entitle the holder to acquire an additional common share for $0.18 for a period [...]
Lovitt Resources Inc. reports that it intends to resume exploration for gold at its wholly owned Lovitt Gold Mine near Wenatchee. The Lovitt Gold Mine produced 420,000 oz of gold and 600,000 oz of silver at a grade of 0.40 oz/ton and 600,000 oz of silver with a small operation employing 15-25 people between 1950 and 1966. The adjoining Cannon Mine [...]
Lovitt Resources Inc. is pleased to announce a non-brokered private placement financing of up to 1,000,000 units at a price of $0.19 per Unit to raise gross proceeds of up to $190,000. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share for [...]
Lovitt Resources Inc. Dear Lovitt Shareholder, The Company owns the Lovitt Mining Company incorporated WA State in 1949. LMC owns 250 freehold acres in Wenatchee, WA which encapsulate the Lovitt Gold Mine, active from 1949 to 1985, when it produced over 400,000 oz of gold and 420,000 oz of silver with a small operation. The Asamera-Cannon Mine, a [...]
Lovitt Resources Inc. reports that its board of directors has approved the settlement of up to CAD $212,818 of debt through the issuance of common shares of the Company . Pursuant to the Debt Settlement, the Company would issue up to 1,251,871 common shares of the Company at a deemed price of $0.17 per Share to certain creditors of the Company [...]
Lovitt Resources Inc. is pleased to report that it has hired Long Point Geologic Ltd. of Kamloops, BC to enter exploration data from the Lovitt Gold Mine into the 3D geologic program Leap Frog. The data includes all drill data and sample assays from the mine production years of 1950 to 1966 and sample assays and drill logs of the exploration years [...]
The Board of Directors of Lovitt Resources is pleased to announce that its wholly owned subsidiary, the Lovitt Mining Company Inc., sold a building in Wenatchee, WA for net cash proceeds of US $424,000. The building was built for fruit storage in 1962 for US $22,000 when the company owned apple orchards in the area. About half the proceeds will be [...]
The Board of Directors of Lovitt Resources, announce that the Company has resumed sampling in the Lovitt Gold Mine in Wenatchee. Two areas of the mine are of immediate interest, designated the I-3 and the I-49 with substantial tonnage of broken rock, parts of which could be ore bearing. The I-3 is located within 250 feet, and the I-49 within 1,700 [...]
