Slave Lake Zinc Announces Private Placement Financing Opportunity to Unlock O'Connor Lake's Multi-Metal Potential
Slave Lake Zinc Corp. (CSE: SLZ) has announced a private placement financing opportunity to accelerate exploration at its O'Connor Lake Project in the Northwest Territories. The financing aims to raise up to $500,000 through a combination of flow-through units (up to $350,000 at $0.06 per unit) and hard dollar units (up to $150,000 at $0.04 per unit). Each unit includes one share and a full warrant exercisable at $0.08 for two years.
Proceeds will fund a Phase One Ground Exploration Plan to verify historical assay results and locate additional mineralized zones. The company plans to use this data to prioritize areas for a 2025 drill program. Historic assays from the property have shown promising results, including high-grade gold, lead, zinc, and silver samples.
Slave Lake Zinc Corp. (CSE: SLZ) ha annunciato un'opportunit脿 di finanziamento tramite collocamento privato per accelerare l'esplorazione del suo progetto O'Connor Lake nei Territori del Nord-Ovest. Il finanziamento mira a raccogliere fino a 500.000 dollari attraverso una combinazione di unit脿 flow-through (fino a 350.000 dollari a 0,06 dollari per unit脿) e unit脿 in dollari hard (fino a 150.000 dollari a 0,04 dollari per unit脿). Ogni unit脿 include un'azione e un warrant completo esercitabile a 0,08 dollari per due anni.
I proventi finanzieranno un Piano di Esplorazione del Suolo Fase Uno per verificare i risultati storici delle analisi e localizzare ulteriori zone mineralizzate. L'azienda prevede di utilizzare questi dati per dare priorit脿 a aree per un programma di perforazione 2025. Le analisi storiche del sito hanno mostrato risultati promettenti, inclusi campioni di oro, piombo, zinco e argento di alta qualit脿.
Slave Lake Zinc Corp. (CSE: SLZ) ha anunciado una oportunidad de financiaci贸n a trav茅s de colocaci贸n privada para acelerar la exploraci贸n de su proyecto O'Connor Lake en los Territorios del Noroeste. La financiaci贸n tiene como objetivo recaudar hasta 500,000 d贸lares a trav茅s de una combinaci贸n de unidades flow-through (hasta 350,000 d贸lares a 0.06 d贸lares por unidad) y unidades en d贸lares duros (hasta 150,000 d贸lares a 0.04 d贸lares por unidad). Cada unidad incluye una acci贸n y una garant铆a completa que se puede ejercer a 0.08 d贸lares durante dos a帽os.
Los ingresos financiar谩n un Plan de Exploraci贸n del Suelo Fase Uno para verificar los resultados hist贸ricos de an谩lisis y localizar zonas mineralizadas adicionales. La empresa planea utilizar estos datos para priorizar 谩reas para un programa de perforaci贸n 2025. Los an谩lisis hist贸ricos de la propiedad han mostrado resultados prometedores, incluyendo muestras de oro, plomo, zinc y plata de alta calidad.
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Slave Lake Zinc Corp. (CSE: SLZ) a annonc茅 une opportunit茅 de financement par placement priv茅 pour acc茅l茅rer l'exploration de son projet O'Connor Lake dans les Territoires du Nord-Ouest. Le financement vise 脿 lever jusqu'脿 500 000 dollars par le biais d'une combinaison d'unit茅s flow-through (jusqu'脿 350 000 dollars 脿 0,06 dollar par unit茅) et d'unit茅s en chiffres durs (jusqu'脿 150 000 dollars 脿 0,04 dollar par unit茅). Chaque unit茅 comprend une action et un warrant complet exer莽able 脿 0,08 dollar pendant deux ans.
Les produits financeront un Plan d'Exploration Souterraine Phase Un visant 脿 v茅rifier les r茅sultats d'analyse historiques et 脿 localiser des zones min茅ralis茅es suppl茅mentaires. L'entreprise pr茅voit d'utiliser ces donn茅es pour prioriser les zones pour un programme de forage 2025. Les analyses historiques de la propri茅t茅 ont montr茅 des r茅sultats prometteurs, incluant des 茅chantillons d'or, de plomb, de zinc et d'argent de haute qualit茅.
Slave Lake Zinc Corp. (CSE: SLZ) hat eine Private Placement Finanzierung angek眉ndigt, um die Erkundung seines O'Connor Lake Projekts in den Nordwest-Territorien zu beschleunigen. Die Finanzierung zielt darauf ab, bis zu 500.000 Dollar durch eine Kombination aus Flow-Through-Einheiten (bis zu 350.000 Dollar zu 0,06 Dollar pro Einheit) und Hard-Dollar-Einheiten (bis zu 150.000 Dollar zu 0,04 Dollar pro Einheit) zu sammeln. Jede Einheit umfasst eine Aktie und ein volles Warrant, das f眉r zwei Jahre zu 0,08 Dollar ausge眉bt werden kann.
Die Einnahmen werden einen Phase-One-Boden-Erkundungsplan finanzieren, um historische Analyseergebnisse zu verifizieren und zus盲tzliche mineralisierte Zonen zu lokalisieren. Das Unternehmen plant, diese Daten zu nutzen, um Bereiche f眉r ein Bohrprogramm im Jahr 2025 zu priorisieren. Historische Analysen des Gel盲ndes haben vielversprechende Ergebnisse gezeigt, darunter hochgradiges Gold-, Blei-, Zink- und Silberproben.
- Private placement financing of up to $500,000 to accelerate exploration efforts
- Phase One Ground Exploration Plan to verify historical assay results and locate new mineralized zones
- Historic assays show high-grade multi-metal potential (gold, lead, zinc, silver)
- 2021 airborne magnetic survey revealed significant structural disruption in the O'Connor Lake area
- Planned 2025 drill program based on Phase One exploration data
- Historical assays mentioned are not 43-101 compliant
- Exploration-stage company with no current revenue or production
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - Slave Lake Zinc Corp. (CSE: SLZ) (the "Company") is pleased to announce a private placement financing opportunity to accelerate the Company's exploration efforts at its flagship O'Connor Lake Project in the Northwest Territories. This private placement offers investors the chance to participate in the development of a project with significant large-scale multi-base and precious metal potential.
Financing Details:
- Combination financing of up to
$500,000 :- Flow-through units: up to
$350,000 - Unit price:
$0.06 - One share and full warrant:
$0.08 exercise price, expiring 2 years after closing
- Unit price:
- Flow-through units: up to
- Hard dollar units: up to
$150,000 - Unit price:
$0.04 - One share and full warrant:
$0.08 exercise price, expiring 2 years after closing
- Unit price:
Fueling Exploration and Growth:
Proceeds from this offering will be strategically allocated to two key areas:
- Phase One Ground Exploration Plan: This program will verify historical assay results returned from structurally controlled vein systems. The 2021 airborne magnetic survey has shown tremendous structural disruption within the O'Connor Lake area which lies within the Taltson Magmatic Zone. Prospecting and geophysical ground surveying will be used to locate and document additional mineralized zones. The data will be reviewed and prioritized for a drill program in 2025.
- General Working Capital: The majority of funds will support continued exploration to help build shareholder value.
Validating Valuable Historical Discoveries:
Historic assays from the O'Connor Lake property highlight its exciting potential:
- BSM Showing (north of original head frame): 0.88 g/t gold,
4.2% lead,19.4% zinc - West of O'Connor Lake: 1952 sampling revealed 30.2 g/t gold,
21% lead,6.7% zinc, 1.2 oz/t silver - MCO Sample (1965): 11.58 oz/t silver,
0.40% lead,1.1% zinc (between Frank Lake and O'Connor Lake)
*Please note that these assays are not 43-101 compliant.
Unlocking the Potential:
Phase One exploration data will be used to pinpoint the most promising areas for a strategic drilling program.
Ritch Wigham, CEO, commented: "This financing opportunity allows investors to participate in the advancement of a highly prospective project with a long history of positive exploration results. We are confident that Phase One exploration will pave the way for a successful drilling program that unlocks the true potential of the O'Connor Lake property."
QP Statement
Gary Vivian, M.Sc., P.Geo., is a consultant to Slave Lake Zinc Corp. and a qualified person (QP) pursuant to National Instrument 43-101. Mr. Vivian has reviewed and approved the scientific and technical information contained in this news release.
On Behalf of the Board of Directors,
Slave Lake Zinc Corp.
Per:
Ritch Wigham CEO & Director
Phone: 604-396-5762
Email: [email protected]
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release
Forward Looking Statement
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in both Slave Lake Zinc's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "plan", "estimate", "expect", "intend", "potential", "should," and similar expressions, are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include, without limitation, statements regarding the progress of a definitive offtake agreement, potential development and production at the Company's O'Connor Lake project, future oriented events and other statements that are not facts. Forward-looking statements are based on a few assumptions and estimates that, while considered reasonable by management based on the business and markets in which Slave Lake Zinc operates, are inherently subject to significant operational, economic, and competitive uncertainties and contingencies. Such forward-looking statements should therefore be construed in light of such factors. Although Slave Lake Zinc has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and Slave Lake Zinc disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Slave Lake Zinc does not assume any liability for disclosure relating to any other company
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FAQ
What is the purpose of Slave Lake Zinc's (SLZNF) private placement financing?
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