Adam Spencer
President & CEO

Latest News

Option Agreement on 246km2 Exploration Permit in Houndé Belt, Burkina Faso

Honde Belt

Option Agreement on 246Kms Exploration Permit Vancouver, British Columbia (August 10, 2018) - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to announce that it has entered into an option agreement (the “Option Agreement”), that if exercised, will result in Progress assuming a pre-existing earn-in agreement (the “Earn-in Agreement”) on a 246km2 exploration permit located on the Houndé Belt of Burkina Faso.  Highlights:  * 246km2 exploration permit located in the Houndé greenstone belt  * Located to the northeast of Roxgold’s Yaramoko mine and Semafo’s Mana mine  * Entry into a highly prospective greenstone belt at minimal cost to Progress ...

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$10M Equity Financing

$10M EQUITY FINANCING Vancouver, British Columbia (June 12, 2018) - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to provide the following updates to its shareholders regarding financing plans and strategic initiatives underway by the Company.  Highlights:  Raising up to C$10,000,000 in a non-brokered private placement;  Strategic equity and royalty investments secured with Sandstorm Gold Royalties and another royalty party totalling C$5,000,000;  100% acquisition of the Bobosso project in Côte d’Ivoire.  Progress has commenced a non-brokered private placement of up to C$10,000,000 in gross proceeds through the sale of up to 40,000,000 common shares of the Company priced at...

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Positive Bottle-Roll Results and Continued Exploration Success on Bira Trend

Progress Minerals Inc. (“Progress”) is pleased to provide an update on exploration activities in Burkina Faso, focused on the Bira Trend.       Highlights: Bottle-Roll tests returned results of 97% or greater, providing a strong indication of leachability using conventional processing methods Power auger program (4,500 planned holes) is now more than 50% complete; results to-date have generated anomalous trends over more than 10km of strike length with strong evidence for multiple parallel structures RC drill program (5,129m, 49 holes) is now complete with all assay results received; existing mineralization extended along strike to the south “The results we have been receiving on the...

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Progress Provides Exploration Update on Bira Trend in Burkina Faso

Results

Progress Minerals Inc. (“Progress”) is pleased to provide an update on the exploration activities that have been conducted on the Bira Trend since commencement of activity in December 2017. Highlights: Bira Trend includes a 28km geochemical anomaly, 22km of which has never been drill tested Numerous occurrences of favourable geology, strong foliation, quartz-veining and active artisanal workings identified along the entire trend Progress is executing a 4,500-hole, district-scale power auger program; currently 15% complete which has identified an initial 4.5km strike length of drill targets, with anomalous results across every auger line completed so far including multiple parallel structures Progress...

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Progress Initiates 5,000 meter Reverse Circulation Drill Program on Bira Trend

Progress Minerals Inc. is pleased to announce the beginning of a 5,000 meter Reverse Circulation (“RC”) drilling program on the Bira Trend in Burkina Faso. The RC program will focus on the northern extension of the 24 kilometer long Bira gold trend over the north-west exploration permits of Bira, Kalinga, Tantiabongou and Tangagari (Figure 1). The drill program is expected to be completed by the end of March, and will drill approximately 50 holes. [caption id="attachment_733" align="aligncenter" width="1816"] Figure 1: Location map of permits in eastern Burkina Faso, showing a Bira drilling location, Bira trend and geochemical targets.[/caption]   This...

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Progress Reports Final Drill Results from 2017 RC Drill Program on Bobosso Project in Côte d’Ivoire

Results

Progress Minerals Inc. (“Progress”) is pleased to announce the receipt of final assay results from the reverse-circulation (“RC”) drill program on the Bobosso Project in Côte d’Ivoire. Drilling ended on December 20, 2017 following the completion of 45 holes and 4,244 meters of RC which tested seven targets on the Wendene permit; Area 1, Area 3, Area 4, Wendene Hill, BRC039, BRC135 and Target 7 (Figure 1). All target areas shown are located within the 7km2 gold-in-soil anomaly (with soil samples grading an average of 0.40 g/t gold), which is the focus of Progress’ exploration activities within the Wendene permit. Results have been received for the final...

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Announcement of Senior Management and Board Changes

Adam Spencer

Progress Minerals Inc. (“Progress Minerals” or “PMI”) is pleased to announce that Adam Spencer will be appointed to the role of President and CEO effective 1 March 2018. Adam will succeed founder and current President and CEO, Karl van den Brenk, who will assume the role of Executive Chairman going forward. Mr. Spencer has also been appointed as a director on the Board of Progress Minerals effective 5 February 2018. Mr. Spencer brings extensive capital markets experience in the mining industry having been involved in a wide range of financing and advisory mandates covering mining projects globally. He is currently the Senior Vice President, Corporate Development of Sandstorm...

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Solid Initial Diamond Drilling Results from Bobosso, Cote D’Ivoire

Drilling at Wendene, Bobosso

Progress Minerals Inc (“Progress” or “the Company”) is pleased to announce assay results from the Progress funded diamond drilling program at the Bobosso JV Project in Cote D’Ivoire. Drill intercepts included: 8.7m at 3.3g/t Au from 39.6m including 1.2m at 14.3g/t Au 17m at 1.47g/t Au from 41m including 2m at 6.95g/t Au 28m at 1.00 g/t Au from 0m including 16m at 1.32g/t Au 13.5m at 1.36g/t Au from 77m 9.3m at 1.72g/t Au from 0m 2m at 4.64g/t Au from 54m including 1m at 7.63g/t Au Good evidence of gold mineralisation continuity along east-west to east-north-east trending zones...

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