Business
Aura Announces Name Change to Gold79 Mines Ltd., Continuance to British Columbia, Launches New Website and Provides Corporate Update
Ottawa, Ontario--(Newsfile Corp. - August 5, 2020) - Aura Resources Inc. (TSXV: AUU) ("Aura"...
About this update from West Point Gold Corp.
[{"type":"text","content":"Aura Announces Name Change to Gold79 Mines Ltd., Continuance to British Columbia, Launches New Website and Provides Corporate UpdateOttawa, Ontario--(Newsfile Corp. - August 5, 2020) - Aura Resources Inc. (TSXV: AUU) (\"Aura\" or the \"Company\" or \"Gold79\") is pleased to announce that pursuant to a resolution passed by its board of directors on July 28, 2020, the Company has changed its name to \"Gold79 Mines Ltd.\". There is no consolidation of capital associated with the name change. Effective at the opening on Wednesday, August 5, 2020, the common shares of Gold79 will commence trading on the TSX Venture Exchange and the common shares of Aura Resources Inc. will be delisted. The trading symbol \"AUU\" will remain unchanged.In connection with the name change and rebranding to Gold79, the Company has launched a new website accessible at www.gold79mines.com. Shareholders, investors and other interested parties are invited to visit the website for further information on Gold79 and its gold projects.New Chairman Mr. Gary R. Thompson stated, \"I am excited to take on the Chairman role and become a significant shareholder of Gold79. Our focus is to create shareholder value by growing our strong technical team and following up on previous exploration success at all three of our priority projects.\"Gold79's New Strategy The new focus for Gold79 Mines Ltd., is to acquire, explore and develop gold projects located in the Southwestern USA initially focusing on its Jefferson Canyon, Tip Top and Gold Chain projects. Gold79 plans to monetize its minority interest in the Taviche project in Oaxaca, Mexico and continues to hold a diluting interest in the Greyhound project under JV with Agnico Eagle Mines Limited located in Nunavut, Canada.Jefferson Canyon Gold-Silver ProjectExtensive Au-Ag mineralization over 1.4km by 1.8km with coincident QSP alteration and supporting geophysicsHistorical drill hole GJ81 returned 41.2m of 6.4 g/t Au and 402 g/t Ag, including 1.5m of 88.7 g/t Au and 2,021.7 g/t Ag (CR Exploration Co., 1985)A large volcanic-hosted epithermal Au-Ag system 7.5km east of Kinross' Round Mountain Mine, NevadaSame age as the Round Mountain deposit, which is a world-class low-sulfidation (LS) epithermal deposit (>17M oz. Au) https://www.kinross.com/operations/default.aspx#americas-roundmountainBoth are hosted in felsic ash-flow ...