ALL NEWS RELEASES

  • Galane Gold Ltd. releases financial and operating results for first quarter 2016

    TORONTO, May 30, 2016 /CNW/ - Galane Gold Ltd. ("Galane Gold" or the "Company") (TSX-V: GG) is pleased to announce the release of its financial results for the three months ended March 31, 2016. All amounts are in United States dollars unless otherwise indicated. A copy of the unaudited condensed consolidated interim financial statements for the three months ended March 31, 2016 prepared in accordance with International Read More

  • Royal Nickel Corporation - Beta Hunt Mine Gold Production Ramp Up Continues to Exceed Expectations; Infill Drilling and New Toll Milling Arrangement Underway

    TORONTO, May 30, 2016 /CNW/ - Royal Nickel Corporation ("RNC") (TSX: RNX) announces that Beta Hunt Mine gold production in May 2016 has reached approximately 65% of the year end mining rate target, which is ahead of the ramp up schedule contemplated in the Beta Hunt PEA technical report. At the end of Q1 2016, Beta Hunt had achieved 58% of the year end mining rate. "I Read More

  • IMPACT Silver Announces First Quarter 2016 Financial and Production Results

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2016) - IMPACT Silver Corp. (TSX VENTURE:IPT) ("IMPACT" or the "Company") is pleased to announce its financial results for the three months ended March 31, 2016. Fred Davidson, President and CEO, stated, "Despite lower average silver prices in Q1 2016 compared to Q1 2015, the Company managed to increase production by 9% and reduce its operating expenses by 6% or $0.2 million Read More

  • Potash Ridge Commences Permitting Work at Valleyfield Site With SNC Lavalin

    TORONTO, ONTARIO--(Marketwired - May 30, 2016) - Potash Ridge Corporation (the "Corporation") (TSX:PRK), a near term producer of premium fertilizer in North America is pleased to announce that SNC-Lavalin ("SNC") (TSX:SNC) has been engaged to conduct an environmental scoping study for the Corporation's wholly-owned Valleyfield Project. The study is being conducted to prepare for an application to the Quebec Government for Environmental Certification of the proposed Sulphate of Read More

  • Fission 3.0 Drill Program Focusing on Near-Surface, High-Grade Uranium and Lithium Prospects at Macusani

    KELOWNA, BRITISH COLUMBIA--(Marketwired - May 30, 2016) - Fission 3.0 Corp. (TSX VENTURE:FUU) ("Fission 3") is pleased to announce the commencement of a $0.5M summer exploration drill program at its Macusani project in Peru. The drill contract, will consist of 1200m in twelve holes of HQ diameter core drilling. The program follows compilation of mapping and prospecting work, conducted by Fission 3's award-winning technical team, and will focus Read More

  • Endeavour Silver Completes Acquisition of Oro Silver Resources Ltd.

    VANCOUVER, BC--(Marketwired - May 30, 2016) - Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) (the "Company or "Endeavour") is pleased to announce completion of the acquisition of Oro Silver Resources Ltd., a wholly-owned subsidiary of Canarc, which holds the El Compas gold-silver mine property and a five-year renewable lease on the 500 tonne per day La Plata ore processing plant in Zacatecas, Mexico. Details of the acquisition were Read More

  • Ucore Announces Increase of Shareholder Investment to $7.3 Million and Conversion of Royalty to Shares in Company

    HALIFAX, NOVA SCOTIA--(Marketwired - May 30, 2016) - Ucore Rare Metals, Inc. (TSX VENTURE:UCU) (OTCQX:UURAF) ("Ucore" or the "Company") is pleased to announce that it has taken receipt of CAD$7.3 Million and amended the terms of the royalty agreement announced on December 14, 2016 (the "Agreement"). Under the original terms of the Agreement, a foreign investment fund (the "Investor") was to pay USD $5 million in exchange for Read More

  • California Gold Intersects 8.2 M Of 4.43 G/T and 11.4 M of 2.70 G/T at its Fremont Gold Project

    Toronto, Ontario (FSCwire) - California Gold Mining Inc. (“California Gold” or the “Company”) announces new assay results from the Company’s recently completed Phase III drill program at its flagship Fremont Project (the “Project”) in Mariposa County, California. Vishal Gupta, California Gold’s President and CEO, said, “We have now released the complete set of assay results from the infill component of the Phase III drill program at Fremont. Read More

  • MGX Minerals Reports up to 99.9% SiO2 Results from Silicon Properties

    VANCOUVER, BRITISH COLUMBIA / May 30, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) is pleased to announce assay results from recent field reconnaissance at its Longworth and Wonah silica properties (collectively “the Properties”). Rock chip sampling was carried out by MGX’s Vice-President of Exploration, Andris Kikauka (P. Geo). Samples from both Properties were taken from exposed bedrock surfaces. Average assay samples from Read More

  • Era Resources Inc. Announces Yandera Project Drilling Update and Results From Pomiea Prospect

    Era Resources Inc. ("Era" or the "Company") (TSX VENTURE:ERX) is pleased to provide an update on the 2016 Infill and Proximal Drill Campaign at the Yandera Project in Papua New Guinea and to announce results of surface exploration at the Pomiea Prospect. Yandera Project Drilling Update The 2016 drilling program at the Yandera Project is well underway with two drill rigs. One of the drill rigs Read More

  • Cyprium Mining Finalizes Rehabilitation of Shaft #3 of the Potosi Silver Mine

    MONTREAL, May 30, 2016 /CNW/ - Cyprium Mining Corporation ("Cyprium" or the "Company") (TSX-V: CUG and CUG.DB) is pleased to announce that it has completed the rehabilitation of shaft #3 of the Company's Potosi silver mine located in the historic Santa Eulalia mining district in northern Mexico. The project, which began in February 2016, consisted in the rehabilitation and improvement of the extraction capability of shaft #3 Read More

  • Mundoro Files Q1-2016 Financials and Updates on 2016 Field Season on Serbian Timok Projects

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2016) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) ("Mundoro" or the "Company") announces it has filed financial results for Q1-2016 and provides an update on its plan for the 2016 field program. Details of the Company's financial results are contained in the unaudited consolidated financial statements and Management's Discussion and Analysis which are available on the Company's website at www.mundoro.com and on Read More

  • Wesdome Gold Mines announces new Annual General Meeting date and warns against attempt to derail progress at the Company

    TORONTO, May 30, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Company") announces it has set June 14, 2016 as the rescheduled date for the previously postponed Annual General Meeting of shareholders ("AGM"), and is taking action to ensure progress at the Company is not derailed by Resolute Funds Limited -- a small fund run by a single individual, Tom Stanley. Details about the Read More

  • Falco Enters Into $10 Million Loan Financing With Osisko Gold Royalties

    MONTREAL, QC--(Marketwired - May 30, 2016) - Falco Resources (TSX VENTURE: FPC) ("Falco" or the "Company) is pleased to announce the closing of a financing with Osisko Gold Royalties Ltd. (TSX: OR) ("Osisko") whereby Osisko will provide a C$10 million loan ("Loan"). The Loan will be used for the advancement of the Horne 5 Project and for general corporate purposes. Luc Lessard, President and Chief Executive Officer of Read More

  • Orvana Closes US$7.9 Million Loan Facility for Don Mario CIL Recommissioning

    TORONTO, May 30, 2016 /CNW/ - Orvana Minerals Corp. (TSX:ORV) (the "Company" or "Orvana") is pleased to announce that its wholly-owned subsidiary, EMIPA S.A. ("EMIPA"), has closed a US$7.9 million loan facility (the "Loan") with Banco BISA S.A. ("Banco BISA"), a Bolivian bank. The primary use of proceeds will be for the recommissioning of the carbon-in-leach ("CIL") circuit (the "CIL Project") at its Don Mario Mine in Read More

  • Majestic Gold Corp. Reports Second Quarter 2016 Results

    Vancouver, British Columbia (FSCwire) - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) reports its financial and operational results for the second quarter ended March 31, 2016. This release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements and associated management discussion and analysis for the same period that are available on SEDAR (www.sedar.com) and www.majesticgold.com. The following financial Read More

  • European Uranium Changes Name To Azarga Metals

    White Rock, British Columbia (FSCwire) - EUROPEAN URANIUM RESOURCES LTD. (TSX-V:EUU) (the “Company”) is pleased to announce that further to its news release dated March 1, 2016, the Company has taken the final steps to consolidate its shares on a 10 old for 1 new basis and has changed its name to Azarga Metals Corp. The common shares of the Company will commence trading on a consolidated Read More

  • Monument Reports Third Quarter Fiscal 2016 Results

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2016) - Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT:D7Q1) "Monument" or the "Company" today announced its third quarter production and financial results for the three and nine months ended March 31, 2016. All amounts are in United States dollars unless otherwise indicated (refer to www.sedar.com for full financial results). President and CEO Robert Baldock commented on third quarter fiscal 2016 financial results: "Gold production Read More

  • Belo Sun Announces AGM Results

    TORONTO, ONTARIO--(Marketwired - May 30, 2016) - Belo Sun Mining Corp. ("Belo Sun" or the "Company") (TSX:BSX) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management proxy circular dated April 20, 2016 for the 2016 Annual Meeting of shareholders of Belo Sun (the "Meeting") were elected as directors of the Company. Shareholders at the annual meeting also approved the Read More

  • Aurvista Gold Closes Previously Announced Private Placement Raising C$1,097,880

    Montreal, Quebec--(Newsfile Corp. - May 30, 2016) - Aurvista Gold Corporation (TSXV: AVA) (OTC: ARVSF) ("Aurvista" or the "Company") has closed the non-brokered private placement of C$1,097,880 (the "Closing"). The Private Placement consisted of 6,361,504 flow-through units (the "Flow-Through Units") at a price of C$ 0.08 per Flow-Through Unit for gross proceeds of C$508,920. The Company also issued 9,816,000 non flow-through units (the "Hard Units") at a price Read More

  • Rockwell's fourth quarter performance shows positive progress on the back of recent strategic and operational review and subsequent restructuring

    VANCOUVER, May 30, 2016 /CNW/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI) announces results for the three and twelve months ended February 29, 2016. Currency values are presented in Canadian dollars, unless otherwise indicated. Salient features During the quarter, Rockwell continued to implement key decisions flowing from the recent strategic and operational review. The new, de-layered reporting structure has already reduced ongoing overhead costs. Read More

  • Metanor Reports its Financial and Operational Results for the Quarter Ended March 31st, 2016

    VAL-D'OR, QUEBEC--(Marketwired - May 30, 2016) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) reports its financial results for the quarter ended March 31st, 2016 (Q3 2016). This press release should be read in conjunction with Metanor's financial statement for the quarter ended March 31st, 2016 and related Management's Discussion and Analysis (MD&A), which can be found on the Company website www.metanor.ca or on SEDAR www.sedar.com. All amounts are Read More

  • Imperial Announces Voting Results for the Election of Directors

    VANCOUVER, BC--(Marketwired - May 30, 2016) - Imperial Metals Corporation (TSX: III) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management proxy circular dated April 1, 2016 for the 2016 Annual Meeting of Shareholders (the "Meeting") were elected as directors of the Company. Results of the vote for the election of directors held at the Meeting on May 27, Read More

  • Cerro Grande Mining Corporation Announces its Second Fiscal Quarter Ended March 31, 2016 Results Compared to the Same Period in 2015 and for the Six Months Fiscal Period Ended March 31, 2016 Compared to the Same Six Months Period in 2015

    TORONTO, May 30, 2016 /CNW/ - Cerro Grande Mining Corporation (the "Company" or "CEG") (CSE:CEG) reported its unaudited results for its second fiscal quarter ended March 31, 2016 compared to the same quarter in 2015 and results for the six months fiscal period ended March 31, 2016 compared to the same six months period in 2015. These financial statements and MD&A have been filed on SEDAR and Read More

  • K92 Mining Inc. Provides Corporate and Site Update

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2016) - K92 Mining Inc. ("K92 Mining" or the "Company") (TSX VENTURE:KNT) is pleased to provide a corporate and site update. Site K92 Mining reports that the remedial work on the main mine access (Muck Bay 9) is expected to be completed by month end, allowing full access to the upper working levels. Further, the underground mining equipment required for the restart Read More

  • New Carolin Announces Addition to Board of Directors

    May 30, 2016 / TheNewswire / New Carolin Gold Corp. (the "Company" or "New Carolin") (TSXV: LAD / OTCBB: LADFF). The Company is pleased to announce the appointment of Mr. Chris Taylor, P.Geo, to the Company's Board of Directors. Mr. Taylor is a professional geologist with over 15 years of experience, including tenures with both mid-tier producer and exploration stage mining companies. Mr. Taylor has a bachelor's degree in Read More

  • Final $150,000 Cash Payment Received From Sale of Coldstream Gold Project Interest; Review of Gold Project Activities

    VANCOUVER, BC--(Marketwired - May 30, 2016) - Alto Ventures Ltd. (TSX VENTURE: ATV) is pleased to announce the receipt of $150,000 final cash payment from Canoe Mining Ventures Corp. for the Debenture discharge securing the sale of its 40% interest in the Coldstream Project, located in northwestern Ontario. Upon discharge of the Debenture, Canoe has granted Alto Ventures net smelter returns ("NSR") royalties ranging from 0.5% to 1.5% Read More

  • Foran Comments on Trading Activity

    VANCOUVER, BC--(Marketwired - May 30, 2016) - Foran Mining Corporation (TSX VENTURE: FOM) ("Foran" or the "Company") is issuing this press release in response to a request by the Investment Industry Regulatory Organization of Canada ("IIROC") to comment on recent trading activity in its stock. The Company announces that it is not aware of any material, undisclosed corporate developments and has no material change to report at this Read More

  • Gowest Gold Leveraging Latest Exploration Results Along Pipestone Structure at North Timmins Gold Project

    TORONTO, ONTARIO--(Marketwired - May 30, 2016) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to announce that its recent Induced Polarization ("IP") program has helped to reveal a distinct signature for the mineralization within its Bradshaw Gold Deposit ("Bradshaw"), part of the Company's North Timmins Gold Project ("NTGP"). The Company can now use this knowledge to help identify the best new exploration targets in Read More

  • Latin American Minerals Amends Terms of Private Placement and Metal Purchase Agreement

    TORONTO, ONTARIO--(Marketwired - May 30, 2016) - Latin American Minerals (TSX VENTURE:LAT) ("LAT" or the "Company") today announced that is has amended the terms of its previously announced private placement (the "Offering") (see press release dated April 1, 2016) and in addition has now secured an alternative metal purchase agreement with a group of private investors (see news release dated April 1, 2016). The non-binding metal purchase agreement Read More

  • Eloro Resources and Tartisan Resources Enter Into Agreement for Eloro to Acquire a 100% Interest in Tartisan's La Victoria Polymetallic Property, Ancash, Peru

    TORONTO, CANADA--(Marketwired - May 30, 2016) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro") and Tartisan Resources Corp. (CSE:TTC) ("Tartisan") are pleased to announce that they have entered into a Letter of Intent Agreement (the "Agreement") for Eloro to acquire Tartisan's 100% undivided interest in La Victoria property ("La Victoria" or the "Property"), in consideration for: i) 6 million common shares (the "Shares") and 3,000,000 non-transferable warrants ("Warrants"), ii) Read More

  • Scientific Metals Enters Into Definitive Agreement to Purchase Deep Valley Lithium Property

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2016) - Scientific Metals Corp. ("STM" or the "Company") (TSX VENTURE:STM) is pleased to announce that, further to its press release dated May 12, 2016, the Company has entered into an arm's length definitive agreement to acquire the Deep Valley Lithium Property (the "Property") which is located in the Fox Creek - Sturgeon Lake area of west-central Alberta. The Property encompasses 6,648 ha Read More

  • Belmont Receives Acceptance of Kibby Basin Property Agreement & NI 43-101 Technical Report

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2016) - Belmont Resources Inc. (TSX VENTURE:BEA)(FRANKFURT:L3L1)(OTC PINK:BEAAF) ("Belmont", or the "Company) is pleased to announce that the TSX Venture Exchange has accepted for filing the Property Purchase Agreement (the "Agreement") to acquire a 100% interest in the Kibby Basin Property (the "Property") located 65 km north of Clayton Valley, Nevada-U.S.A. The Property has potential to host lithium-bearing brines in a geologic Read More

  • Canarc Completes Sale of Oro Silver and the El Compas Mine Project to Endeavour Silver for CAD$10.5 Million in Endeavour Shares

    Vancouver, British Columbia (FSCwire) - Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces that it has closed the sale transaction under the definitive agreement announced on May 9, 2016 with Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) pursuant to which Canarc sold to Endeavour 100% of the shares of Canarc’s wholly-owned subsidiary, Oro Silver Resources Ltd., which indirectly holds a 100% interest in the El Read More

  • SouthGobi Announces Agreement With CIC for Deferral of Interest Payments

    HONG KONG, CHINA--(Marketwired - May 30, 2016) - SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the "Company" or "SouthGobi") announces the execution of a deferral agreement with China Investment Corporation ("CIC") for deferral of the sum of approximately U.S.$18.7 million, representing current and deferred cash interest obligations and associated costs payable to CIC, to June 17, 2016. As consideration for the deferral, the Company agrees to pay CIC a deferral fee Read More

  • Kerr Announces Promissory Note Amendment

    TORONTO, ONTARIO--(Marketwired - May 30, 2016) - Kerr Mines Inc. ("Kerr" or the "Company") (TSX:KER) wishes to announce that the conversion price on the previously announced CDN$1,350,000 December 17, 2015 convertible promissory note (the "December Note") has been changed to $0.05 per common share. All other terms of the December Note, as announced on March 11, 2016, remained unchanged. The terms of the notes are subject to all Read More

  • Adriana Files Financial Statements for the Quarter Ended March 31, 2016

    TORONTO, ONTARIO--(Marketwired - May 30, 2016) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE:ADI) reported it has filed its interim financial statements for the quarter ended March 31, 2016 and the related Management Discussions and Analysis. Both documents are available on SEDAR. As at May 26, 2016, Adriana had cash and cash equivalents of $29 million. Lac Otelnuk Mining Ltd. ("LOM"), a joint venture company with Read More

  • Erdene Announces $500,000 Private Placement

    HALIFAX, NOVA SCOTIA--(Marketwired - May 30, 2016) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or the "Company"), is pleased to announce it intends to issue, by way of a non-brokered private placement, 1,063,830 shares to Teck Resources Limited ("Teck") at a price of $0.47 per share for gross proceeds of $500,000 ("Private Placement"). This fulfills Teck's annual equity investment obligation pursuant to the Strategic Alliance between Erdene and Read More

  • Aben Resources Closes First Tranche of Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2016) - Aben Resources Ltd. (TSX VENTURE:ABN) (OTC PINK:ABNAF)(FRANKFURT:E2L2) (the "Company") is pleased to announce the granting of incentive stock options entitling the holders thereof to purchase up to an aggregate of 1,000,000 shares of the Company at an exercise price of $0.07 per share for a period of five (5) years. About Aben Resources: Aben Resources is a Canadian gold exploration Read More

  • Fairmont Announces Non-Brokered Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2016) - Fairmont Resources Inc. (TSX VENTURE:FMR) ("Fairmont") is pleased to announce a private placement (the "Private Placement") of 8 million units (the "Units"). Each Unit consists of one common share (a "Share") and one half Share purchase warrant (a "Warrant") at a price of $0.06 per Unit. Each full Warrant will entitle the holder to purchase one Share for a period Read More

  • Altiplano Announces Increase in Proposed Private Placement

    Edmonton, Alberta--(Newsfile Corp. - May 30, 2016) - Altiplano Minerals Ltd. (TSXV: APN) ("APN" or the "Company") further to the Company's press release dated May 3, 2016, APN announces that it has increased the non-brokered private placement (the "Offering") by 1.0 million units (the "Units"). The total Offering has therefore increased from 5.0 million units to 6.0 million units at C$0.10 per Unit to raise C$600,000 in gross Read More

  • Timberline Resources Closes First Tranche of Equity Financing

    COEUR D'ALENE, IDAHO--(Marketwired - May 30, 2016) - Timberline Resources Corporation (OTCQB:TLRS)(TSX VENTURE:TBR) ("Timberline" or the "Company") has received conditional approval from the Toronto Venture Exchange for its private placement and has closed the first tranche of the previously announced non-brokered private placement (the "Offering") by issuing 3,181,669 units for a total of USD$ 477,250. A second tranche is expected to close in early June. The Offering, which Read More

  • NIKOS Announces First Tranche Closing

    Vancouver, British Columbia--(Newsfile Corp. - May 30, 2016) - Nikos Explorations Ltd. (TSXV: NIK) ("Nikos" or the "Company") is pleased to report that it has closed the first tranche of the private placement offering announced on its news release dated May 16, 2016. The Company raised $132,000 through the sale of 1,650,000 units (the "Units"). The financing was increased in size from an initial estimated 1,250,000 units due Read More

  • Morro Bay Announces Notice of Default Provided by Riverside Resources Inc.

    Calgary, Alberta (FSCwire) - Morro Bay Resources Ltd. (“Morro Bay” or the “Company”) (TSX-V: MRB; OTCQX: MRRBF) announces that it has received a Notice of Default from Riverside Resources Inc. ("Riverside") in regard to the Joint Venture between Morro Bay and Riverside. Riverside alleges in its Notice of Default that Morro Bay has failed to incur $750,000‎ Joint Venture Expenditures at the Peñoles Joint Venture Property (the Read More

  • Durango Closes Purchase on Two Claim Blocks Adjacent to Nemaska Lithium's Whabouchi

    Vancouver, BC / TheNewswire / May 30, 2016 - Durango Resources Inc. (TSX.V-DGO), (the "Company" or "Durango") announces that further to its news release dated April 20, 2016, its additional claim blocks located adjacent to Nemaska Lithium Inc's (TSX.V-NMX) Whabouchi Property, Lac Noir and Montagne North, have been titled and the purchase for the claims has been closed. The Montagne North property is located to the northwest and is Read More

  • Athabasca Nuclear Corporation Closes $510,000 Financing

    Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“ASC” or the “Corporation”) is pleased to report that it has closed its previously announced financing (the “Private Placement”) for gross proceeds of $510,000. The Private Placement and its terms were originally announced on May 17, 2016. Securities issued under the Private Placement are subject to a four-month hold period from the date of issuance in accordance Read More

  • Orsu Metals Corporation: Notice of Annual and Special Meeting of Shareholders and Posting of Circular

    LONDON, UNITED KINGDOM--(Marketwired - May 30, 2016) - Orsu Metals Corporation (the "Corporation") (TSX:OSU), the London-based base and precious metals exploration and development company, today announces that the notice of its annual and special meeting of shareholders, a form of proxy and an accompanying management information circular of the Corporation dated May 19, 2016 (the "Information Circular") will be posted to holders of common shares of the Corporation Read More

  • Inventus Mining Grants Options

    SUDBURY, ONTARIO--(Marketwired - May 30, 2016) - Inventus Mining Corp. (TSX VENTURE:IVS) ("Inventus" or the "Company") announces that it has granted options to acquire a total of 1,625,000 common shares of the Company to employees, consultants, officers and directors at the exercise price of $0.28 per share for a period of five years. The options vest as to one-third after each of 6, 12 and 18 months from Read More

  • Gold Reserve Announces Extension of Memorandum of Understanding with Venezuela

    SPOKANE, Wash.--(BUSINESS WIRE)--Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Company”) announced today that, by mutual agreement, the Company and the Bolivarian Republic of Venezuela have extended the previously announced February 24, 2016 Memorandum of Understanding (the “MOU”) from May 27, 2016 to June 21, 2016. The MOU contemplates settlement, including payment and resolution, of the arbitral award granted in favor of the Company by the International Centre Read More

  • Cameco and Kazatomprom Sign Agreement to Restructure JV Inkai

    SASKATOON, SASKATCHEWAN--(Marketwired - May 27, 2016) - ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED) Cameco Corporation (Cameco) (TSX:CCO)(NYSE:CCJ) signed an agreement with Joint Stock Company National Atomic Company Kazatomprom (Kazatomprom) and Joint Venture Inkai LLP (JV Inkai) to restructure and enhance JV Inkai. The agreement was signed during the annual foreign investors meeting with the president and government officials in Astana, Kazakhstan at a ceremony attended by Read More

  • Luna Gold Announces Greenfields Exploration Agreement With AngloGold Ashanti

    VANCOUVER, BC--(Marketwired - May 27, 2016) - Luna Gold Corp. (TSX: LGC), ("Luna" or the "Company") is pleased to announce that it has entered into an exploration agreement with AngloGold Ashanti Limited for the Company's greenfields mineral claims that surround its past-producing Aurizona Gold Mine in northern Brazil. The terms of the agreement require AngloGold Ashanti to invest US$14 million in exploration expenditure over a four year period Read More

  • First Quantum Announces Refinancing With Improved Financial Covenants and Amortization Schedule

    TORONTO, ONTARIO--(Marketwired - May 27, 2016) - (In United States dollars, except where noted otherwise) First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) (LSE:FQM) today announced that it has completed a new Term Loan and Revolving Credit Facility (the "Facility") with its core relationship banks. This new Facility replaces the existing $3 billion facility. The new $1.815 billion Facility comprises a $907.5 million Term Loan Facility, Read More

  • Arizona Mining announces $18 million underwritten private placement

    VANCOUVER, May 26, 2016 /CNW/ - Arizona Mining Inc. (TSX: AZ) ("Arizona Mining" or the "Company") is pleased to announce that it has entered into an agreement with Scotiabank and RBC Capital Markets, on behalf of a syndicate of underwriters (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for their own account or arrange for substituted purchasers to purchase on an underwritten private placement Read More

  • Endeavour Silver Announces Annual General Meeting Results

    VANCOUVER, BC--(Marketwired - May 27, 2016) - Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces that at yesterday's Annual General Meeting in Vancouver, shareholders voted in favour of all items of business, including the re-election of each director nominee. A total of 58,802,520 million votes were submitted by proxy, representing 54.34% of the outstanding common shares as of the record date. The following is a tabulation of the Read More

  • Nevada Copper Announces Red Kite Funding Commitment and Equity Financing Terms

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or the "Company") is very pleased to announce that its senior secured lender, EXP T1 Ltd., an affiliate of Red Kite Mine Finance ("Red Kite") has agreed to certain amendments to the senior loan agreement between the Company Read More

  • First Majestic Announces Election of Directors

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - First Majestic Silver Corp. ("First Majestic" or the "Company") (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) is pleased to announce the voting results for the election of its Board of Directors at its annual general meeting held on May 26, 2016. A total of 83,286,701 shares were represented at the meeting, being 53.37% of the Company's issued and outstanding common shares. Shareholders voted in favour of Read More

  • Macarthur Minerals and Venturex Enter Into Memorandum of Understanding and Results of Heliborne Reconnaissance

    VANCOUVER, BC--(Marketwired - May 27, 2016) - Macarthur Minerals Limited (TSX VENTURE: MMS) (the "Company" or "Macarthur Minerals") is pleased to announce that: it has entered into a Memorandum of Understanding ("MOU") with Venturex Resources Limited ("VXR") to enter into a Farm-in and Joint Venture Agreement ("FJVA") for rights to lithium on VXR's Sulphur Springs Project ("Suphur Springs"), in the Pilbara region of Western Australia, which is contiguous Read More

  • Condor Resources Inc.: Community Agreement for Development at the Chavin Project

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White Rock, British Columbia (FSCwire) - Renaissance Gold Inc. (TSX: REN) (“RenGold” or the “Company”) reports financial results for the three months ended September 30, 2015.  Details of the Company’s financial results are described in the unaudited condensed consolidated interim financial statements (the “Financial Report”) and corresponding management discussion and analysis for the same period.  These and further details on each of RenGold’s projects and activities can be found on the Company’s website at www.rengold.com and on the Company’s profile on www.sedar.com.  All amounts presented are in Canadian dollars unless otherwise stated.

On November 6, 2015, the Company announced it had received final approval to list its common shares on the TSX Venture Exchange (the “TSX-V”).   RenGold’s common shares will continue to trade under the symbol “REN” and will be listed and posted for trading at the opening of the TSX-V on Monday, November 23, 2015.  The Company’s common shares will be delisted from the Toronto Stock Exchange at end of trading on Friday, November 20, 2015.  The Board of Directors of the Company feel that as the majority of the Company’s peers trade on the TSX-V it is a better fit for the Company at this stage of its development.

Selected financial data

The following selected financial data is derived from the Financial Report as prepared in accordance with International Financial Reporting Standards.

The consolidated net loss for the three months ended September 30, 2015 was $331,845 (2014 - $550,184).

Cash at September 30, 2015, was $1,557,036.  This amount includes $194,833 of cash advances received from funding partners which is disclosed as amounts due to funding partners. 

Total assets at September 30, 2015 are $2,136,788 of which $1,795,310 are current assets and $341,478 are exploration and evaluation assets, equipment, investment in private corporation and reclamation bonds.

Operations

RenGold is an exploration stage business engaged in the acquisition and exploration of mineral properties located in Nevada and Utah.  RenGold’s business model is to identify and secure mineral resource properties for which it seeks suitable joint venture partners. Once partners are found, an exploration and option to earn-in agreement is entered into on the property enabling the earn-in partner to obtain an interest by conducting and funding exploration on that property.

The level of the Company’s exploration expenditures is largely determined by the strength of the resource capital and commodity markets and its ability to obtain funding partners and investor support for its projects.  The Company anticipates there will be less capital available for exploration joint ventures in the immediate future. RenGold is therefore concentrating activities in Nevada and Utah to upgrade current projects and identify targets with significant growth potential.

Exploration and evaluation expenditures on RenGold projects for the three months ended September 30, 2015, totaled $785,148 (2014 - $624,754).   Of this amount partners funded $582,532 (2014 - $402,091) and RenGold funded the balance of $202,616 (2014 - $222,663).  In addition to the exploration and evaluation expenditures recorded in RenGold’s accounts, funding partners also conducted additional exploration programs directly on RenGold’s projects as required under the particular exploration earn-in agreements.

Overall Performance

The highlights of activity by RenGold and its funding partners on its exploration properties during the three months ended September 30, 2015 and to the date of this press release follow in alphabetical order.

Nevada properties being prepared for joint venture

Buffalo Canyon: RenGold is advancing permitting for the Everson Deposit on the Buffalo Canyon project in northern Nye County. New drilling at the Everson Deposit will test for extensions to gold mineralization intersected in 25 of 40 historical reverse circulation drill holes. The gold intersections lie within a 400 x 600 m area that is part of a pyrrhotitic halo 1.5 by 1.0 km in size that appears to be related to a complex of reduced intrusions. Most of this prospective halo remains untested. This mineralized area is expected to grow substantially by drilling parts of the halo containing robust surface rock chips and soil anomalies. The drill plan will include holes that will drill below previous holes that reached total depth in mineralization and attempt to test the carapace (margins) of an inferred source intrusion. The maximum depth of drilling to-date is only 525 feet. RenGold is in discussions with a financial group that would supply initial drilling funds for equity in the project.

Fireball Ridge: Detailed structural analysis at the Fireball Ridge property located in NW Churchill County, Nevada has resulted in an important new exploration model. The East Graben target is recognized as being controlled by a cymoid loop (as is the case at the Fire Creek and Midas gold deposits), but previous drilling did not penetrate this zone. Significant drill results in the past (up to half ounce Au) can be greatly enhanced by a drill program utilizing this new model.

Gilbert South: RenGold’s new Gilbert South property contains a large gold-bearing epithermal system located in the Monte Cristo Range west of Tonopah in Esmeralda County, Nevada. The property is located directly south of the Gilbert Property being explored by Hecla Mining and west of the Eastside Project drilled in 2015 by Columbus Gold. Shallow drilling in one area was done in the 1980's by Atlas Gold as they attempted to define a shallow open pit target. Historic data and preliminary field work has located many large multi-veined zones with historic multi-gram gold that have not been sufficiently tested.

Maggie Creek: The Maggie Creek property, acquired in August 2015, is located east of Gold Quarry on the Carlin Trend in Eureka County, Nevada. RenGold has modeled 241 historic drill holes, carried out field reconnaissance and is developing several drill targets. Much of the past drilling and mapping was completed prior to 1993, with 60 of the 241 holes drilled to less than 100 feet (30.48 meters). The overwhelming number of these shallow vertical reverse circulation holes did not penetrate primary mineralized structures which occur throughout the property.

Secret Canyon: At Secret Canyon RenGold has developed a significant re-interpretation of a high-grade epithermal target located south of Winnemucca, Nevada and west of the evolving Kinross Gold Banks Project. A large recessive zone that was discovered by regional BLEG analysis brought Renaissance into the area. Recognition of this geologic setting has led to a series of high value targets that are shallow and easy to test. The property is being prepared to be drill ready with detailed geology, geochemistry, and geophysics.

In addition to the above, work has continued on data compilation and target definition at the Company’s other projects being prepared for joint venture. These properties include the Bunce, Whistler and Wood Hills South projects.

Nevada projects with funding partners

At the date of this press release, RenGold has six properties under exploration earn-in agreements:

 
Project Funding partner
Arabia Coeur Mining, Inc.
Fourth of July Summit Mining Exploration II, Inc., a US subsidiary of Sumitomo Corporation
Golden Shears Walmer Capital Corp.
Silicon Altius Minerals Corporation
Trinity Silver Liberty Silver Corp.
Wildcat Troymet USA LLC

Arabia: The Arabia project is located in Pershing County just west of the Humboldt Range and RenGold’s Fourth of July project. Field work, completed as a follow-up to detailed aeromagnetic and gravity surveys, helped to delineate areas of interest within the project. The Arabia project is funded by Coeur Mining, Inc. and includes a minimum work commitment of US$100,000 in the first year.

Fourth of July: The Fourth of July project is located in the northern Humboldt Range of Pershing County and just north of the evolving Spring Valley gold project, which is a joint venture between Barrick and Midway. The Fourth of July project is funded by Summit Mining Exploration II, Inc., (“Summit II”) a US subsidiary of Sumitomo Corporation.

In September 2015, RenGold started a drill program that includes 8 reverse circulation holes with a budget for 1,340 meters (4,400 feet). Careful execution of this program resulted in 16 holes totaling 2075 meters (6,805 feet) being drilled. This round of drilling has tested three target areas within this target-rich project that had multiple mines and was one of the largest silver-gold producers in Nevada prior to 1940. Results are expected to be released in late November.

Golden Shears: In March 2015, RenGold entered into an exploration earn-in agreement with Walmer Capital Corp. (“Walmer”) to earn a 70% interest in the property.  In October 2015, the Company extended the date of any payments to February 1, 2016 in consideration of $10,000 to be paid on closing of a financing by Walmer.

Walmer has commissioned a technical report from Mr. R. A. Lunceford, an independent Qualified Person reporting on the extensive work done by RenGold and the results of 8 audit rock samples collected by Mr. Lunceford from targets on the property.  The 8 samples were collected from areas and exposures Mr. Lunceford deemed to be important to validate the reported mineralized material.  Mr. Lunceford collected and transported the samples in his sole custody directly to the preparation facility of ALS in Reno, Nevada.

Silicon: RenGold's Silicon property is in the Bare Mountain Mining District of southern Nevada. The property consists of unburdened claims on federal BLM ground. RenGold is advancing the Silicon property with Altius Minerals Corporation funding a $140,000 work program in exchange for a 1.5% NSR royalty. Field work has commenced and will be followed by a gravity survey. Silicon is an epithermal project in a productive district. The property has been underexplored and holds large deposit potential. The ultimate objective is to do enough geoscience work on the project to attract a partner who will enter into a standard agreement by funding exploration to earn an interest in the project.

Trinity Silver:  In fiscal 2013, Liberty Silver Corp. (“Liberty”) completed their work commitment of US$5,000,000 on the Trinity Silver project located in Pershing County, Nevada.  In addition to the US$5,000,000 work commitment, Liberty must complete a bankable feasibility study by March 29, 2017 to earn an undivided 70% interest in the property.  Metallurgical studies are continuing in preparation of a preliminary economic assessment on the oxide deposit and this will be used to generate financing for development of the oxide deposit. Liberty reports that, pending funding, it next plans to do Preliminary Economic Assessment level work on the project. 

Utah projects with funding partners

Wildcat: Wildcat lies in the Detroit Mining District, an historic gold producing region in the northern Drum Mountains of central Utah. In February 2015, the Company entered into an exploration earn-in agreement with Troymet USA LLC. Ongoing field work by RenGold, on behalf of Troymet, is producing important results that are redefining the model of the mineralization and generating new targets.  Troymet is in the process of permitting trenches, drill roads and drill pads in the Core Main Target and Southeast Target areas.

Qualified Person

All technical data, as disclosed in this MD&A, has been verified by the Company’s qualified persons Richard L. Bedell, M.Sc. and Registered Member and Eric M. Struhsacker, M.Sc. and Certified Professional Geologist.

About Renaissance Gold Inc.

Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Many of the projects are in exploration earn-in agreements with industry partners who provide exploration funding. RenGold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture.

Renaissance Gold Inc.

By: Richard L. Bedell, President and CEO

For further information, contact:

Richard L. Bedell, 775-337-1545 or This email address is being protected from spambots. You need JavaScript enabled to view it. or Eric Struhsacker, 775-337-1545 or This email address is being protected from spambots. You need JavaScript enabled to view it.

This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.  Although Renaissance Gold Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Renaissance Gold Inc’s management on the date the statements are made. Except as required by law, Renaissance Gold Inc. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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