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Last C$0.06 CAD
Change Today 0.00 / 0.00%
Volume 10.7K
As of 3:56 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

snipgold corp (SGG) Snapshot

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01/26/15 - C$0.11
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snipgold corp (SGG) Details

SnipGold Corp., a junior mineral exploration company, engages in the identification, acquisition, exploration, and development of mineral properties in northwest British Columbia, Canada. The company explores for gold, copper, silver, molybdenum, and magnetite deposits. The company owns 100% interests in the Iskut Property that covers an area of 286 square kilometers and is located in the Golden Triangle area, northwestern British Columbia. It also has interest in the KSP property. The company was formerly known as Skyline Gold Corporation and changed its name to SnipGold Corp. in May 2012. SnipGold Corp. was incorporated in 1999 and is headquartered in Vancouver, Canada.

Founded in 1999

snipgold corp (SGG) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$63.7K
Interim Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

snipgold corp (SGG) Key Developments

SnipGold Corp. Announces the Completion of the 2015 Exploration Program on Wholly-Owned Iskut Property in Northern British Columbia

SnipGold Corp. announced the completion of the 2015 exploration program on its wholly-owned Iskut Property in Northern British Columbia. The 2015 exploration program focussed on sampling, prospecting, and a 14.7 kilometre ground-based electro-magnetic geophysical survey (the "2015 EM Survey") in the McFadden area, one of the many prospective areas of the Property. The 2015 EM Survey was completed by Superior Exploration with data processing utilizing the VLF2D-MF software package developed by Fernando Santos and Shaun Parent. The geophysical interpretation and assay results are pending. The McFadden area is highlighted by a linear trending boulder field where numerous samples have typically assayed in excess of 100 grams per tonne gold ("g/t Au"). The source of these boulders is interpreted to be covered by a narrow channel of the Johnny Mountain Glacier. Historical McFadden exploration in the 1980's and early 1990's included the delineation of a linear trend of high- grade gold-bearing boulders, trenching and 9 drill holes. This early trenching was not successful in penetrating through the till and glacial moraine and did not reach bedrock. The drill holes were typically oriented to test for mineralization parallel to the Johnny Mountain Mine trend. The majority of these holes did not reach bedrock and were abandoned in either glacial ice or till. No mineralization was intersected by the early drilling. SnipGold resumed exploration of the McFadden area in 2013 and was successful in reproducing the +100 g/t Au assays from boulders. The high-grade samples typically display a very well-developed shear fabric in a strongly altered host rock which contains 25% to 90% pyrite. SnipGold's compilation efforts included a review of a 2006 airborne survey which highlighted two weakly conductive areas in the narrow channel of the Johnny Mountain glacier which is believed to cover the bedrock source of the high-grade boulders. One of the anomalies is closely associated with a magnetic low. The conductors are interpreted as possible gold-bearing pyritic structures and the magnetic low is believed to represent an area of magnetite destruction related to alteration associated with the mineralizing fluids. Map 1 below shows the area of the 2015 EM Survey and the relative position of the two airborne conductors and the magnetic low. As seen in Map 1, the 2015 EM Survey was designed to better define one of the two airborne anomalies at McFadden as well as to test the Gold Rush and Victoria vein systems which are northeast extensions of the Johnny Mountain Mine. The 2015 EM Survey was completed within 40 metres ("m"), and to the northeast of, the historic Johnny Mountain Mine underground workings. The area immediately northeast of the Johnny Mountain Mine hosts spectacular but narrow historic trench results up to 2,178.4 oz/t (74,689 g/t Au) over 0.1 m in trench Tr-R20. This area has undergone diamond drill testing with intercepts up to 1.10 oz/t Au over 20 feet (39.9 g/t Au over 5.64 m) in hole SK85-85. Historic follow-up drilling in the area was shallow, and the area is untested below 100m from surface. (These assay data are part of SnipGold's historic exploration records and have not been verified by SnipGold's Qualified Person). The 2015 EM Survey tested the two dominant trends known to host the high-grade gold in the local area. The first trend is oriented at 120 degrees azimuth ("Az") and hosted the Snip Mine structures, and the second is at 060 Az and is coincident with the Johnny Mountain Mine trend. In addition, the 2015 EM Survey tested an area where these two trends are projected to intersect. The McFadden airborne conductors as well as the magnetic low highlighted in the 2006 airborne survey are coincident with the 120 Az trend.

SnipGold Corp., Annual General Meeting, Jul 15, 2015

SnipGold Corp., Annual General Meeting, Jul 15, 2015., at 10:00 Pacific Standard Time. Location: Suite 904. Agenda: To receive the financial statements of the Company for its fiscal period ended October 31, 2014, the report of the auditor and the related management discussion and analysis; to set the number of directors at 5; to elect directors of the Company for the ensuing year; to appoint an auditor of the Company for the ensuing year at remuneration to be fixed by the directors; to ratify and approve the continuance of the share option plan.

SnipGold Corp. Announces Resignation of Kevin Nishi as Director

SnipGold Corp. announced that it has accepted the resignation of director Kevin Nishi effective March 03, 2015 who has served on the Board since May 2014. Mr. Nishi sites newly expanded work commitments in his practice for his departure.


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