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RONNBERGET

Au
1,359.53
USD/oz
0.02
green
Data as of May 17, 2013 09:59PM UTC


Key Facts
Status: Exploration
Type of Work: Surface
Location: Sweden
                 

Commodities: Gold
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Latest Information
May 27, 2009
Gold-Ore Resources Ltd. announced that an initial diamond drill program had commenced on the Ronnberget property located 4 km east of its Bjorkdal Gold Mine, Sweden. The objective of this program was to determine the orientation of the structural controls of the gold mineralization. The initial drill holes will be strategically located to follow up on the mineralization. Based on the success of the initial program additional drilling was to be planned for later in the year.
July 11, 2008
Gold-Ore Resources closed a private placement for Can$2.38 million. A total of 3.6 million units were sold under private placement at 67 cents each. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of 90 cents per share for a period of 24 months from the closing of the financing. Proceeds from the financing together with the cash on hand and the cash flow generated from gold sales from the Bjorkdal mine will provide the necessary funds for the company to complete the underground test mining at Bjorkdal, while initiating exploration on the nearby Ronnberget property.
March 31, 2008
Began re-logging core from 96 widely spaced shallow diamond drill holes that were archived by the previous operator. The Company plans an aggressive exploration program on the property that will include geological mapping, soil geochemical sampling and diamond drilling.

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