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Stroud Resources Ltd. (SDR.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.6000+0.0100 (+1.69%)
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Neutralpattern detected
Previous Close0.5900
Open0.5900
Bid0.5600 x N/A
Ask0.6300 x N/A
Day's Range0.5700 - 0.6000
52 Week Range0.1500 - 0.8300
Volume37,500
Avg. Volume27,585
Market Cap27.383M
Beta (5Y Monthly)3.45
PE Ratio (TTM)150.00
EPS (TTM)0.0040
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Stroud Resources makes changes to the Board of Directors
    GlobeNewswire

    Stroud Resources makes changes to the Board of Directors

    TORONTO, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Stroud Resources Ltd. (TSXV-SDR) (“Stroud” or “Company”) is pleased to announce the appointment of Mr. Jeff Kennedy to the Board of Directors (the "Board") as an independent non-executive director and Chairman of the Audit Committee. Howard Atkinson, Chairman of the Board of the Company, commented, "We are delighted to welcome Jeff Kennedy to the Stroud Board. Jeff's financial expertise and experience in the capital markets sector will undoubtably benefit the company as we advance the Santo Domingo Project."The Company also announced the acceptance of Mr. Grant Walsh's resignation as an independent director. On behalf of the Board, "I would like to thank Mr. Walsh for his many contributions to Stroud over the past 8 years and wish him success on his future endeavors." Prior to joining the board, Mr. Jeff Kennedy served as the Managing Director Equity Capital Markets and Operations at Cormark Securities Inc.  With over 30 years of experience, Mr. Kennedy also served as the CFO of Cormark Securities Inc. where he was responsible for financial oversight, controls and governance of operations. Mr. Kennedy is a Chartered Professional Accountant from the Institute of Chartered Professional Accountants of Ontario and completed his Bachelor of Commerce from McMaster University. Mr. Kennedy also serves on the Board of Jaguar Mining Inc.The Company has granted Mr. Kennedy options to purchase an aggregate of 150,000 common shares at a price of $0.55 per share for a period of up to five years in accordance with the Company’s Stock Option Plan.About Stroud Resources Ltd.Stroud Resources is a TSX-V listed company focused on the exploration and development of its Santo Domingo epithermal silver-gold project in central Mexico.For more information, please visit www.stroudsilver.comMirsad Jakubovic CFO and Director 416-888-8731Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

  • Stroud Resources Ltd. Approves Eric Sprott Placement at its Annual and Special Meeting
    GlobeNewswire

    Stroud Resources Ltd. Approves Eric Sprott Placement at its Annual and Special Meeting

    TORONTO, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Stroud Resources Ltd. (TSXV-SDR) (“Stroud” or “Company”) is pleased to announce that it held an annual and special meeting of its shareholders on November 13, 2020 (the “Meeting”) in order to, among other things, approve the private placement of July 30, 2020 where 7,500,000 Units of the Company were purchased by 2176423 Ontario Ltd., a corporation which is beneficially owned by Mr. Eric Sprott as more particularly described in the press release of the Company dated July 30, 2020 (the “Private Placement”). The issuance of the Units pursuant to the Private Placement is considered to be a “related party transaction” as defined within Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. After correspondence with the Ontario Securities Commission, the Company determined that as the Private Placement would have a value of more than 25% of the market capitalization of the Company at June 30, 2020, the Company would not be able to rely on the exemption from the minority shareholder approval. As a result, the Company sought minority shareholder approval and ratification of the Private Placement at the Meeting. The minority shareholders of the Company approved the Private Placement with 8,264,868 votes in favour the resolution being 99.97% of the votes cast at the Meeting.At the Meeting, Howard Atkinson, Grant Walsh, Scott Jobin-Bevans and Mirsad Jakubovic were all re-elected to the Board of Directors.About Stroud Resources Ltd. Stroud Resources is a TSXV listed company focused on the exploration and development of its Santo Domingo epithermal silver-gold project in central Mexico.For more information please visit www.stroudsilver.com ON BEHALF OF THE BOARD OF DIRECTORS OF STROUD RESOURCES LTD.Mirsad Jakubovic CFO and DirectorNeither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

  • Stroud Resources Ltd. Outlines Drilling Program for its Santo Domingo Silver Property, Mexico
    GlobeNewswire

    Stroud Resources Ltd. Outlines Drilling Program for its Santo Domingo Silver Property, Mexico

    Technical report Technical reportTORONTO, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Stroud Resources Ltd. (TSXV-SDR) (“Stroud” or the “Company”) is pleased to announce that its drilling permit application is in the final approval stage with the Mexican mining authority for its Santo Domingo Silver Property (the “Property”), located in Hostotipaquillo region of Jalisco, Mexico. Stroud submitted its drilling permit application in respect of its Santo Domingo Property in mid July when the Mexican government office in Guadalajara re-opened from a COVID-19 shutdown. We have been tracking the progress of the application and are pleased to note it has reached the final post-review stage. We anticipate receiving the drilling permit by the end of this year.The drilling permit covers 13 drill sites encompassing 50 drill holes across the Property, which incorporates both drilling programs that the Company has planned for early 2021. The first drilling program will use at least three of the sites and is designed to confirm the geological and mineral resource modelling of the Property which Stroud has developed. Our modelling of the Santo Domingo Property had identified additional mineralized zones running parallel to the previously announced mineral resource estimate.The current planned drilling program will also reach deeper into the ground to sample the silver-rich vein mineralization beyond where Spanish miners were active. It is our expectation that the grades of silver and gold in these zones would be higher as they have never been accessed. The second phase of the drilling program will use the remaining 10 drill sites to expand and in-fill drill the resources in order to produce a new National Instrument 43-101 (“NI 43-101”) Technical Report and a Preliminary Economic Assessment (“PEA”).The Company has been readying the camp at Santo Domingo in anticipation of the granting of the drilling permit for the drilling program. We expect to be mobilized within 10 days of receiving the permits.On November 20, 2017, the Company issued an updated NI 43-101 Mineral Resource Estimate and Technical Report on the Santo Domingo Property. This report is available online at SEDAR and on the Company’s website.Highlights from the technical report include: * Measured and indicated mineral resources increased to 25.74M silver equivalent ounces from 15.05M. * Inferred mineral resources increased to 13.39M silver equivalent ounces from 10.68M. * La Rayas vein indicates a mineralized zone that is 35 metres wide by 300 metres deep and over 700 metres along strike. * Guadalupe vein is typically 15 to 30 metres wide. * Five additional veins have been identified for future exploration, deeper into the hillside.The Report confirms Measured and Indicated, and Inferred Mineral Resources as set out in the table below:A table accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc723e18-7442-4be2-a4ac-4ec556d24374Cut-off grade was 45 grams per tonne silver equivalent over a three metre true width and a gold-silver ratio of 72:1 Continuity of mineralization was established by drilling on 50 metre centres, and using a specific gravity of 2.65The Santo Domingo Property is located in the Hostotipaquillo region of Jalisco, which is steeped in a rich mining history. The Property falls directly along structure at the Santo Domingo Vein system and is representative of a host of old mining operations that are spread throughout the region.Original workings of the Spanish miners dot the landscape throughout the Hostotipaquillo region, with numerous old workings, tunnels and adits found on the Santo Domingo property. These reach to a depth of 80 - 100 metres as the 16th century Spanish miners were limited by their technology. Investigation of these mine workings confirms how the adits were simply followed to only take the central high-grade ore.  Historical reporting from around the region details the nature of the vein exposures. The early reporting suggests that mine cut off grades were in the order of 750 g/t silver and lower grades were simply left behind as the chase for the core materials continued.Stroud’s exploration of the two main mineralized zones has drilled through many of the workings.  These zones; La Rayas and Guadalupe, are a series of banded to breccia style epithermal quartz carbonate vein systems represented with miargyrite, galena, sphalerite, argentite and native silver and gold. La Rayas is 30-35 metres wide and Guadalupe is 15-30 metres wide. Both are parallel structures with greater than a 700-metre strike length and about 300 metre depth.Stroud has drilled 44 holes on these two mineralized zones, with every hole encountering mineralization. The NI 43-101 Mineral Resource Estimate and Technical Report issued for the Property presented a resource of almost 26 million ounces of silver equivalent in the measured and indicated categories, and over 13 million silver ounces equivalent in the Inferred category. This is a significant silver-gold deposit. The La Rayas and Guadalupe zones are within 150 meters of surface, and every indication suggests open pit capability for mining the ore.The Property has not been explored very much below 100 metres from surface. A hole of 200 metres drilled by Stroud passed through the La Rayas and Guadalupe zones to encounter a third parallel zone. Further investigation of the old Spanish workings on the property have pointed toward the presence of five additional mineralized zones running parallel to La Rayas and Guadalupe, deeper into the hillside. The Qualifying Technical report summarizes the drilling over the La Rayas and the Guadalupe zones, which are close to surface and were heavily mined by the Spanish miners. The potential of this resource beyond those workings is considerable well beyond the 39 million silver equivalent ounces reported to date.Stroud management is excited by the new drilling program designed to explore beyond what the Spanish miners were able to reach. The program is designed to confirm the presence of the additional veins and verify the higher grades we anticipate are there.Dr. Derek McBride, P. Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.About Stroud Resources Ltd. Stroud Resources is a TSXV listed company focused on the exploration and development of its Santo Domingo epithermal silver-gold project in central Mexico.For more information please visit www.stroudsilver.com or contact Mirsad Jakubovic, Chief Financial Officer, Stroud Resources Ltd., Tel: (416) 888-8731, mirsad@cpamba.ca