Gold Line Resources Ltd. is pleased to announce initial result from its 2022 drill program at the Company's Paubäcken Project in Sweden. The company is excited to report that its initial hole in the Phase 2 drill program. Hole 2022-AID-001 has intercepted 14.55 metres averaging 2.44 grams per tonne gold incl. 0.85m at 9.60 g/t Au and 1.1m at 9.14 [...]
Gold Line Resources is pleased to announce commencement of a diamond drilling program at the 100% owned Paubäcken project located in the Gold Line Belt, northern Sweden. The Company plans to complete up to 1500 metres of diamond drilling at the Aida target on the Paubacken Project using one drill rig. The program is designed to test over 800 metres [...]
Gold Line Resources is pleased to announce that, further to its news release of August 16, 2022, the Company has closed its non-brokered private placement for gross proceeds of $1,500,000. In closing the Private Placement, the Company issued an aggregate of 12,500,000 Units at a price of $0.12 per unit consisting of 12,500,000 common shares and [...]
Gold Line Resources Ltd. is pleased to announce a non-brokered private placement of up to 16,666,668 shares at a price of $0.12 per unit for proceeds of up to $2,000,000 Each unit will consist of one common share and one-half of one share purchase warrant . Each full warrant will entitle the holder to purchase one common share at a price of $0.25 [...]
Gold Line Resources Ltd. announces that further to news release of June 13, 2022, the Mineral Resource Estimate National Instrument 43-101 Technical Report for Kylmäkangas gold deposit located within the Company's 17,600 hectare Oijärvi Greenstone Belt Project in Northern Finland has been filed on SEDAR. The Technical Report dated July 25, 2022 is [...]
Gold Line Resources Ltd. is pleased to announce its maiden Mineral Resource Estimate for its Kylmäkangas gold deposit, located within the Oijärvi Greenstone Belt, Northern Finland. Highlights Total maiden Indicated Resource of 159,000 Au equivalent ounces: 1.07 Mt grading 4.6 g/t AuEq. Total Inferred Resource of 152,000 AuEq ounces: 1.63 Mt grading [...]
Gold Line Resources announces that the Board of Directors of the Company has approved a consolidation of its issued and outstanding share capital on the basis of one new common share for every ten outstanding common shares. The Consolidation will be effective at the opening of the market on Wednesday, June 15, 2022. The Company will not change its [...]
Gold Line Resources Ltd. is pleased to announce that it has completed Phase 1 of an unmanned aerial vehicle magnetic survey over its 100% owned ~17,600 Hectare Oijärvi Greenstone Belt Project in northern Finland conducted by Radai Oy based in Oulu Finland. The aim of the survey is to collect data in order to map underlying geology and structural [...]
Gold Line Resources Ltd. reports that it has successfully concluded a reinterpretation of a 2015 helicopter airborne magnetic geophysical survey by SkyTEM Surveys ApS over the 100% owned Paubäcken project located in the Gold Line Belt, northern Sweden. The survey results have been integrated with known surface and bedrock geology, alteration, and [...]
Gold Line Resources Ltd. is pleased to provide further results from its base of till/top of bedrock drill program at its Paubäcken gold project in the Gold Line Mineral Belt in north central Sweden. 2021 BoT/ToB drilling and follow-up diamond drilling confirm structural and geophysical model and identify multiple mineralized corridors along second [...]
Gold Line Resources Ltd. is pleased to announce the appointment of Benjamin Gelber, formerly of Barrick Gold Corporation, as Vice President, Exploration. Mr. Gelber is a professional geologist with over 17 years industry experience specializing in orogenic gold systems, garnering a deep understanding of geological, structural, alteration and [...]
Gold Line Resources Ltd. is pleased to announce that it has made its first anniversary payment on its previously announced asset purchase transaction for 100% interest in Agnico Eagle Mines Limited's Oijärvi Gold Project located in central Finland and Solvik Gold Project located in southern Sweden. The asset purchase agreement dated March 19, 2021 [...]