Latest news with #PasofinoGold
Globe and Mail
6 days ago
- Business
- Globe and Mail
Pasofino Gold Limited to Participate in THE Mining Investment Event of the North, Canada's Only Tier I Global Mining Investment Conference
Toronto, Ontario--(Newsfile Corp. - May 30, 2025) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF), Focused on Developing the Dugbe Gold Project in Liberia, is pleased to announce that it will be participating in THE Mining Investment Event, Canada's Only Tier 1 Global Mining Investment Conference©, taking place June 3-5, 2025, at the Quebec Convention Centre, Quebec City, Canada. Pasofino Gold Limited's management will be available to meet, and hold scheduled one-on-one investor meetings throughout the three-day conference. 'We are particularly excited about the global audience that THE Event has attracted, showcasing the best of international mining in Canada. This is a unique chance to engage with industry leaders and innovators, facilitating discussions that will shape the future of our sector. We look forward to seeing many of you there and exploring the possibilities that await us at this prestigious gathering.' Information regarding THE Event, including investor registration details, a list of participating companies, panelists and keynote speakers, as well as a preliminary agenda, can be found at About Pasofino Gold Limited Pasofino Gold Limited is a Canadian-based mineral exploration company listed on the Toronto Venture Exchange under TSX.V:VEIN, and owns 100% of the Dugbe Gold Project in 2,078 km2 Dugbe Gold Project (the 'Project') is in southern Liberia and situated within the southwestern corner of the Birimian Supergroup which is host to most West African gold deposits. The Mineral Resource Estimate is dated 17 November 2021 with total Measured and Indicated of 3.3 Moz with an average grade of 1.37 g/t Au, and 0.6 Moz in Project has a bankable feasibility study completed on it (July 2022), with a Mineral Reserve of 2.7M oz Au using $1,700 Au price; and delivers stellar the gold price sensitivity table from the feasibility study, the project has a low CapEx of US$435M; high post tax NPV5 of US$1.674B @ $2,700 Au price, and an IRR @ 54.3%, 14 year mine life, AISC of US$1,055 per oz Au and an average production profile of 171,000 oz Au per year for 14 year LOM, with over 200,000 oz Au pa for the first 5 company is fully funded and focused on updating the feasibility study in H2 2025 and making a construction decision and project financing by YE 2025. A technical report for the Dugbe Gold Project was prepared in accordance with National Instrument 43-101 and filed on SEDAR+ at and on the Company's website. About: THE Mining Investment Event—Canada's Only Tier 1 Global Mining Investment Conference© is held annually in Québec City, Canada. It is independently sponsored and designed to facilitate privately arranged meetings between mining companies, international investors, and various mining government authorities. The conference provides a platform to hear from some of the most influential thought leaders in the sector. THE Event is committed to promoting diversity, equality, and sustainability in the mining industry through education and innovation through its unique Student Sponsorship and SHE-Co Initiatives.
Yahoo
10-02-2025
- Business
- Yahoo
Pasofino Gold Wins Top African Gold Project at the 2025 Mining Indaba Dealmakers Den
Toronto, Ontario--(Newsfile Corp. - February 10, 2025) - Pasofino Gold Limited (TSXV: VEIN) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it was awarded first place as the Top African Gold Project at the 2025 Mining Indaba Dealmakers Den, in Cape Town, South Africa. Chief Executive Officer, Brett A. Richards, who presented at the 2025 Mining Indaba stated: "I am very pleased that Pasofino Gold has been honoured with the award, and I think it is a testament to the many caveats which make this a truly special project. Firstly, the jurisdiction of Liberia in West Africa is one of the most under-explored mining jurisdictions in West Africa, while having the highest potential in Africa to host the next large gold mining complex. The opportunities in Liberia as a key mining jurisdiction are boundless, having a supportive and collaborative government and participative local communities. Liberia is quickly becoming a premier jurisdiction of choice to build and operate mines. Secondly, the Pasofino team has done a tremendous job bringing this project through its stages of development to its completed feasibility study and are prepared for final permitting, approvals, and social engagement. Our next steps will be to prepare a 12-month plan towards commencing a construction decision, which will include: structured project financing, site preparations, feasibility study optimizing and updating infrastructure work on roads, bridges and the Port of Greenville. Finally, I have always attested that great projects will find a way to get built in any gold price environment. Today we are fortunate to have some strong wind in our sails in an effort to unlock the potential of the Dugbe Gold Project for all stakeholders." Mining Indaba Dealmakers Den Judge Navesh Ragoonanthun of Peterhouse Capital, awards the 2025 African Mining Indaba Dealmakers Den Top Gold Project to Pasofino Gold's CEO Brett Richards. To view an enhanced version of this graphic, please visit: ABOUT THE DUGBE GOLD PROJECT The 2,078 km2 Dugbe Gold Project (the "Project") is in southern Liberia and situated within the southwestern corner of the Birimian Supergroup which is host to most West African gold deposits. To date, two deposits have been identified on the Project; Dugbe F and Tuzon discovered by Hummingbird in 2009 and 2011 respectively. The deposits are located within 4 km of the Dugbe Shear Zone which is thought to have played a role in large scale gold mineralization in the area. A significant amount of exploration in the area was conducted by Hummingbird up until 2012 including 74,497 m of diamond coring. Pasofino drilled an additional 14,584 m at Tuzon and Dugbe during 2021. These deposits have a combined Mineral Resource Estimates dated 17 November 2021 with total Measured and Indicated of 3.3 Moz with an average grade of 1.37 g/t Au, and 0.6 Moz in Inferred. Following the completion of the Definitive Feasibility Study in June 2022 a Mineral Reserve Estimate was declared, based on the open-pit mining of both deposits over a 14-year Life of Mine. A technical report for the Dugbe Gold Project was prepared in accordance with National Instrument 43-101 and filed on SEDAR+ at and on the Company's website. In addition to the existing deposits there are many gold prospects within the Project including the Bukon Jedeh area and the DSZ target on the Tuzon-Sackor trend where Pasofino has discovered a broad zone of surface gold mineralisation in trench and outcrop along strike from Tuzon. At this and several of the other prospects no drilling has been carried out to date. In 2019, Hummingbird signed a 25-year Mineral Development Agreement ("MDA") with the Government of Liberia providing the necessary long-term framework and stabilization of taxes and duties. Under the terms of the MDA, the royalty rate on gold production is 3%, the income tax rate payable is 25% (with credit given for historic exploration expenditures), the fuel duty is reduced by 50%, and the Government of Liberia is granted a free carried interest of 10% in the Project. ABOUT PASOFINO GOLD LTD. Pasofino Gold Limited is a Canadian-based mineral exploration company listed on the TSXV (VEIN). Pasofino, through its wholly owned subsidiary, owns 100% of the Dugbe Gold Project (prior to the issuance of the Government of Liberia's 10% carried interest). For further information, please visit or contact: Brett A. Richards, Chief Executive Officer and DirectorT: 905 449 1500E: brett@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "indicate", "may", "will", "should" and other similar words or statements that certain events or conditions "could" or "might" occur, and include, without limitation, statements regarding the ability to raise the funds to finance its ongoing business activities including the acquisition of mineral projects and the exploration and development of its projects. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, the ability to execute its strategic initiatives; the ability to advance the Dugbe Gold Project; the ability to apply the proceeds as intended; the ability to obtain requisite regulatory approvals, including from the TSX Venture Exchange and relevant authorities; the results of exploration and business activities; fluctuations in commodity prices; geopolitical risks; the availability and timing of external financing on acceptable terms; operational and logistical challenges; and the risks outlined in the Company's Management Discussion and Analysis as filed on SEDAR+. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. To view the source version of this press release, please visit Sign in to access your portfolio
