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Rhyolite Resources Ltd. (RYE.V)

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  • CNW Group

    /R E P E A T -- RHYOLITE IDENTIFIES 3.5 KM OF GOLD MINERALIZED SHEAR ZONE IN THE GUIANA SHIELD GREENSTONE BELT OF SURINAME/

    Rhyolite Resources Ltd. (TSXV: RYE) ("Rhyolite" or the "Company") is pleased to announce that its inaugural 3,000-metre diamond core drilling program at the Brothers Project in Suriname has identified a gold mineralized shear zone 3.5 km in length. The shear zone is open on strike at both ends and is open down dip. Highlight assay results include 10 metres (m) of 1.8 g/t gold (Au) in hole BRDD-001, 6m of 4.6 g/t Au in hole BRDD-004, 8m of 2.4 g/t Au in hole BRDD-009, 1m of 20.5 g/t Au in hole BR

  • CNW Group

    RHYOLITE RESOURCES LTD. ANNOUNCES CLOSING OF C$18 MILLION PRIVATE PLACEMENT FINANCING

    Rhyolite Resources Ltd. (TSXV: RYE) ("Rhyolite" or the "Company") is pleased to announce that, further to its news release dated December 7, 2021, the Company has completed a "bought deal" brokered private placement of 16,000,000 common shares (the "Common Shares") of the Company at a price of C$0.88 per Common Share (the "Offering Price") for gross proceeds of approximately C$14 million (the "Bought Deal Private Placement"). BMO Capital Markets ("BMO") acted as the sole underwriter in respect o