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New Listing: New Target Mining Corp. (TSXV:NEW)

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The company is a new mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties.

Additional Information:

Company: New Target Mining Corp.
Stock Symbol: TSXV: NEW
Date Published: Apr 23, 2021
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

New Target Mining Corp.is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “NEW”, following its initial public offering.

The company raised gross proceeds of $450,000 from the placement of 3 million shares priced at $0.15 per share.

The shares are trading at $0.215.

The company is a new mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties.

The company has an option to acquire a 100% interest and title to the Scarlett Property located approximately 65 kilometres east of Vancouver, British Columbia.

The property consists of ten mining claims, covering approximately 1,473 hectares.

In 2009, a previous operator discovered two gold, silver and copper showings on the Property known as Jewelry Box and Boom Box veins shortly after the area was exposed during the construction of a logging road.

Rock chip samples along the exposed outcrop were collected, with one sample returning 33.60 g/t gold.

On June 13, 2020 a crew of 4 geologists from the Longford Exploration Group conducted an initial review of the Property to establish road conditions and accessibility as well as to collect due diligence rock grab samples from both the Jewelry Box and Boom Box Veins.

One sample from the Boom Box vein returned 53.63 g/t gold, 18.40 g/t silver and 4,835 ppm copper.

Under the terms of the option, the company is required to make cash payments of $127,000, issue 1,350,000 shares and incur a minimum of $800,000 in exploration expenditures over a 48-month schedule.

The company has allocated $212,000 to a Phase One program on its Scarlett Property.

For more information, please contact Todd Hanas, CEO, at 778-994-8072 or email todd@blueskycorp.ca.

I’m Cassandra Bolinski for Investmentpitch Media