Adam Spencer
President & CEO

Latest News

Progress Intersects 37m at 2.54g/t Au and 18m at 3.01g/t Au at the Bobosso Gold Project in Côte d’Ivoire

Results

Progress Minerals Inc. (“Progress” or the “Company”) is pleased to announce additional assay results from the ongoing reverse-circulation (“RC”) drill program on its 100%-owned Bobosso Gold Project in Côte d’Ivoire.    HIGHLIGHTS  As at December 10, 2018, 70 RC holes for 7,232m have been completed of a 7,500m planned RC drill at the Bobosso Gold Project  Results for 15 holes have been received with the most significant results including: BOBRC089: 37m from 32m at 2.54g/t Au, including 1m at 15.37g/t Au and 5m at 5.22g/t Au;  BOBRC094: 18m from 49m at 3.01g/t Au, including 5m at 8.04g/t Au;  BOBRC095: 22m...

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Progress Adds New Permits Around Bira Trend in Burkina Faso

Burkina-Faso

 Vancouver, British Columbia (November 19, 2018) - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to announce the granting of two new permits along the Bira trend and contiguous with the Bira group permits in Burkina Faso (Figure 1). This represents the initial granting of the two permits, each good for three years with two three-year renewals available per permit. Progress’ total land position in Burkina Faso is now 1,115km2.  The Mansila permit (Arêtté No. 2018-231) is 107.2km2 and represents the western extension of the recently identified artisanal workings north-west of the Bira drilling, although little historical work has...

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Progress Intersects 17m at 2.21g/t Au and Completes 100% Acquisition at the Bobosso Gold Project in Côte d’Ivoire

Results

 Vancouver, British Columbia - November 19, 2018 - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to announce the receipt of initial assay results from the reverse-circulation (“RC”) drill program on the Bobosso Gold Project in Côte d’Ivoire. Progress is also pleased to report that the previously announced consolidation of a 100%-interest in Bobosso has now been completed (see Company news release dated June 12, 2018).  HIGHLIGHTS  As at November 15th, 41 RC holes for 4,438m have been completed of a 7,500-metre planned RC drill at the Bobosso Gold Project  Results for 22 holes have been received with the...

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Start of Drilling in Côte d’Ivoire

Vancouver, British Columbia (October 22, 2018) - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to announce the start of exploration activities for the 2018/2019 field season in Côte d’Ivoire. Progress has commenced a 7,500m reverse-circulation (“RC”) drill program on the Wendene permit within the Bobosso project located in central Côte d’Ivoire.  Drilling will follow-up on positive drill results reported from the 17 diamond drill-holes (1,537.6m) 45 RC drill-holes (4,244m) completed in 2017 (news release dated February 20, 2018).  Highlights from the 2017 diamond-drill program include: Highlights from the 2017 RC program include: In July 2018 Progress conducted a...

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Financing Update

Finance

Vancouver, British Columbia (October 9, 2018) - Progress Minerals Inc. (“Progress” or the “Company”) is pleased to announce that the Company has raised gross proceeds of C$8,690,272.75 through the sale of 34,761,091 common shares at a price of C$0.25 per common share (the “Offering”). The Offering was originally announced on June 12, 2018 and the gross proceeds raised thus far has been completed in two tranches. The Company may elect to raise additional funds under the Offering to reach total gross proceeds of up to C$10 million. The net proceeds of the Offering will be used for exploration activities in...

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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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