Business
New Break Provides Exploration and Project Update
Toronto, Ontario--(Newsfile Corp. - August 21, 2025) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that it has completed a maiden diamond drilling program at its 100% owned Moray gold project ("Moray") located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. The Moray drilling program, which commenced on July 12, 2025, was completed on August 14, 2025 by Enviro North Exploration Inc....
About this update from New Break Resources Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - August 21, 2025) - New Break Resources Ltd. (CSE: NBRK) ("New Break" or the "Company") is pleased to announce that it has completed a maiden diamond drilling program at its 100% owned Moray gold project ("Moray") located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc.","length":399,"tagName":"p"},{"type":"text","content":"The Moray drilling program, which commenced on July 12, 2025, was completed on August 14, 2025 by Enviro North Exploration Inc. out of Sturgeon Falls, Ontario. In total, six drillholes were completed for a total of 1,502 metres. Assays are pending. New Break has decided to focus its current exploration efforts entirely on its Moray property and nearby mineral claims located in Ontario.","length":388,"tagName":"p"},{"type":"text","content":"Sundog Gold Project Update","length":26,"tagName":"p"},{"type":"text","content":"Effective April 30, 2025, New Break announced the sale of its Sundog gold project to Guardian Exploration Inc. (TSXV: GX) ("Guardian"). New Break shareholders remain leveraged to the Sundog gold project through New Break's option to repurchase 20% of the project at any time for $1. Guardian is responsible for funding 100% of the exploration expenditures and meeting the obligations of the mineral exploration agreement governing the Sundog project. On May 24, 2025, Guardian submitted an application to the Nunavut Planning Commission ("NPC") in respect of a planned summer 2025 exploration program at Sundog. On June 20, 2025, the NPC approved the exploration program, indicating that no additional review was required by the Nunavut Impact Review Board. New Break expects that the exploration program will be undertaken in the near future.","length":867,"tagName":"p"},{"type":"text","content":"Sale of Esker Gold Project Exploration Data","length":43,"tagName":"p"},{"type":"text","content":"Other than its option to retain a 20% interest in the Sundog gold project, New Break has no further interest in any projects or mineral claims in Nunavut. As a result, New Break is pleased to announce that it has sold certain exploration data with respect to the Esker gold project and surrounding areas in Kivalliq, Nunavut to Guardian in exchange for a cash payment o...