Caldera Corporate Update on Marjan Gold-Silver Project
Montreal, Quebec Nov 21, 2010 Caldera Resources Inc. (tsx-v: CDR) reports that drilling on the Marjan Gold-Silver project, in Armenia, commenced as planned on November 10, 2010. A total of two diamond drill holes totaling 266m have been completed at the 1900m level. This initial part of the program was designed to test the projected southeastern extension of the vein system, in this lower and underexplored area of the project. Mr. Jim Steel MBA P.Geo., Caldera’s VP Exploration and Development and Qualified Person, is on site and has supervised core logging and sample preparation for shipment to Activation Laboratories, Ancaster, Ontario, for analysis. Drilling has now commenced at the 2300m level where the program is designed to twin holes from the …
Archive for ‘Press Releases 2010’
Montreal, Quebec Nov 21, 2010 Caldera Resources Inc. (tsx-v: CDR) reports that drilling on the Marjan Gold-Silver project, in Armenia, commenced as planned on November 10, 2010. A total of two diamond drill holes totaling 266m have been completed at the 1900m level.
Read MoreCaldera Resources to Drill 10,000 Meters At Marjan Gold – Silver Project in Armenia.
Shares: 49,143,369
Symbol: tsx-v: CDR
Yerevan, Armenia – November 5, 2010 – Bill Mavridis, President and CEO, of Caldera Resources is pleased to announce that the Company has entered into a agreement with a local drill contractor and will start its anticipated diamond drill program at the Marjan Gold-Silver Project, located near Sissian, Republic of Armenia, the week of November 8, 2010.
The Company will drill up to a total of 10,000 meters over the length of the contract, but will commence with a 3,000 meter program for the months of November and December, on targets defined through previous sampling and mapping, as well as historical resource blocks that form the basis for …
Read MoreYerevan, Armenia – November 5, 2010 – Bill Mavridis, President and CEO, of Caldera Resources is pleased to announce that the Company has entered into a agreement with a local drill contractor and will start its anticipated diamond drill program at the Marjan Gold-Silver Project, located near Sissian, Republic of Armenia, the week of November 8, 2010.
Read MoreCaldera Reports on Phase I Exploration on Marjan Gold and Silver Project in Armenia — Preparing for Winter Phase II Program
MONTREAL, Oct. 25, 2010 — Caldera Resources Inc. (TSX-V:CDR) ( the “Company” or “Caldera”) is pleased to announce the completion of its Phase I exploration program on the Marjan Gold and Silver Project, located in Armenia.
Bill Mavridis, President and CEO, stated that, “Our first season of exploration on the Marjan Gold and Silver project has been a real milestone for us. The work performed to date allows us to confirm the Soviet-era exploration data in areas we explored. With this phase of work completed, we will now focus on drilling identified targets to start confirming and expanding individual resource blocks.”
“We were also able to identify …
Read MoreCaldera Takes Positive Steps to Further Assert Its Rights on the Marjan Project
MONTREAL, Oct 22, 2010 – Caldera Resources Inc.((the “Company”) or “Caldera”) announced today that it has filed a request for arbitration in accordance with the terms and conditions set forth in the joint venture agreement with Global Gold Corporation directed to the Marjan Project (the “JVA”). Under section 7 of the JVA, the parties’ recourse for resolving “disputes” and “controversies” amongst themselves is limited to Arbitration.
Bill Mavridis, President and CEO, stated: “By filing for arbitration we are taking positive steps to eliminate the confusion caused by Global Gold in relation to Caldera’s rights as 55% owners of the Marjan Project under the JVA. Caldera has complied with the letter and spirit of the JVA …
Read MoreCaldera Receives TSX-V Approval of Closing and Updates JV Status
MONTREAL, Oct. 19 /CNW Telbec/ – Caldera Resources Inc. (tsx-v:CDR.v) (the”Company” or “Caldera”) announced that it received final approval from the TSX Venture Exchange for its private placement, announced on October 13, 2010.
Bill Mavridis, President and CEO of Caldera announced: “We are very pleased with the support we have received from the marketplace. The proceeds of $2,181,000 from this financing, will be used to start our drilling program, which we hope to commence by November this year. We expect to have updates on the project later this week.”
On other news, it was brought to our attention that our JV partner on the Marjan Project, Global Gold Corporation (otcbb:GBGD) issued a press release yesterday making certain erroneous …
Read MoreCaldera Private Placement Oversubscribed
MONTREAL, Oct. 13 - Caldera Resources Inc. (“Caldera” or the “Company”, tsx-v: CDR.v) announces that it has closed its private placement and has received gross proceeds of $2,181,000. A total of 21,810,000 common shares were issued in relation to this financing; warrants were not offered to subscribers. Post financing, the Company will have issued and outstanding 49,143,369 common shares. Insiders subscribed for $510,000 of the private placement. All common shares issued are subject to a 4 month hold.
Pinetree Resource Partnership LP and Sprott Asset Management LP, on behalf of certain funds and managed accounts, participated in this private placement. This is Pinetree’s third investment round in Caldera. The purchase of common shares by both institutional investors is for investment purposes only.
The proceeds …
Read MoreCaldera to Raise $ 2 Million for Drill Program in Armenia
TSXV Trading Symbol: CDR
Montreal, Oct. 4 – Caldera Resources Inc. (the “Company” or “Caldera Resources”, TSX.V: CDR) is pleased to announce that it is proceeding with a non-brokered private placement financing to raise gross proceeds of $2,000,000 (the “Private Placement”).
The proceeds will be used for a drilling program on the Marjan Gold and Silver Project, located in Armenia and for general working capital.
Insiders and 2 institutional investors have submitted subscription forms totaling $1,450,000. Additional subscriptions have also been received, with total commitments of up to $2,000,000 of subscriptions. The closing is scheduled for Friday, October 8, 2010.
The private placement is priced at $0.10 per share, for total issuance of 20,000,000 common shares. No share purchase …
Read MoreCALDERA RECEIVES CONFIRMATION THAT MARJAN MINING LICENSE IS IN ORDER AND JV IS IN FULL FORCE
Symbol: TSX-V: CDR
MONTREAL, Oct. 12 /CNW Telbec/ – On Friday, October 8th, 2010, Caldera Resources Inc. (“Caldera”) requested that the TSX-Venture Exchange (TSX-V) halt its shares pending news. Caldera was seeking clarification from our joint-venture partner, Global Gold Corporation (“GGC USA”) (OTCBB: GBGD) and the Ministry of Energy and Natural Resources of the Republic of Armenia (“MENR”), on the status of its License related to the Marjan Gold and Silver deposit (the “Marjan Project”).
On Monday morning October 11, 2010, Marjan Mining Company, LLC (“MMC Armenia”), of which Caldera has a majority interest and the operating rights, requested in writing, from the MENR, to clarify the status of the Marjan Gold …
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