ALL NEWS RELEASES

  • Timmins Gold Completes Caballo Blanco Transaction

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) ("Timmins" or the "Company") is pleased to announce the completion of the sale of the Caballo Blanco Gold Project in Veracruz, Mexico announced on May 11, 2016 with Candelaria Mining Inc. About Timmins GoldTimmins Gold is a Canadian gold mining company engaged in exploration, development and production exclusively in Mexico. Its principal assets include the Read More

  • Osisko Mining Inc. Decrease Equity Interest in Metals Creek Resources Corp.

    TORONTO, ONTARIO--(Marketwired - July 22, 2016) - Osisko Mining Inc. (TSX:OSK) (the "Corporation") announces that it has disposed of an aggregate of 1,295,000 common shares of Metals Creek Resources Corp. ("Metals Creek") at an average price of approximately $0.1034 per share for total consideration of $133,891.50 (the "Transaction"). Immediately prior to the Transaction, the Corporation had beneficial ownership and control of an aggregate of 4,930,000 common shares of Read More

  • Calibre Mining and Centerra Gold Continue to Advance Siuna Project; Receive Positive Metallurgical Results From Cerro Aeropuerto

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased announce the Company and Centerra Gold Inc. ("Centerra") continue to advance the Siuna Project, which includes the La Luz targets and the Northern Siuna area, located in Northeast Nicaragua. Centerra can earn a 70% interest in the 253 km2 Project area by investing a total of $9.0 million in Read More

  • Noram Encounters Large Historical Bore Hole on Its Hades Lithium Claim Group in Nevada's Clayton Valley

    VANCOUVER, BC / ACCESSWIRE / July 22, 2016 / Noram Ventures Inc. (TSX-V: NRM and Frankfurt: N7R) ("Noram" or the "Company") is pleased to report that a large previously drilled bore hole has been encountered during initial Phase I surface and sub-surface sampling on its Hades lithium/clay claim group (Photo 1). The Hades claim group is located ~5 kilometers south of Albemarle's Silver Peak Lithium Mine, which has been Read More

  • Goldrea Resources Signs Definitive to Acquire Lithium Prospect in Gaspe Peninsula, Quebec

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Goldrea Resources Corp. (CSE:GOR)(FRANKFURT:GOJ)(OTC PINK:GORAF) announces that it has signed a definitive agreement to complete the acquisition of the previously announced Gaspe Lithium property located on the Gaspe peninsula in eastern Quebec. (news release June 28,2016) The property is located approximately 75 kilometers northwest of the city of Gaspe, Quebec, in NTS map sheet 22H03 and covers historically reported elevated Read More

  • Carube Copper Announces Initial Drill Results from Bellas Gate and Above Rocks Joint Ventures

    Ottawa, Ontario--(Newsfile Corp. - July 22, 2016) - Carube Copper Corp. (TSXV: CUC) is pleased to announce recent initial drill results from the Bellas Gate and Above Rocks Joint Ventures in Jamaica. The 2016 exploration programs at both JVs are being operated by OZ Minerals Limited, a $1.9B Australian copper producer. Highlights of recent drilling: Drilling at Bellas Gate is presently focused on the Provost Prospect where initial Read More

  • Tudor Gold Closes the Acquisition of the Fairweather, Delta and High North Properties

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Tudor Gold Corp. (the "Company" or "Tudor Gold") (TSX VENTURE:TUD) further to the Company's news release dated May 24, 2016 Tudor Gold wishes to announce it has received TSX Venture Exchange approval and closed the acquisition, subject to applicable royalties, of a 100% interest in the Fairweather, Delta and High North properties all situated in the Golden Triangle area near Read More

  • Cariboo Rose Commences Exploration at the Canadian Creek Gold Project, Yukon

    Vancouver, BC / TheNewswire / July 22, 2016 - Cariboo Rose Resources Ltd. (TSX-V: CRB) ("Cariboo Rose") has initiated the 2016 exploration program on its 100% owned Canadian Creek Gold project located in the Yukon Territory. Cariboo Rose's Canadian Creek Project is located 150 km south of Dawson City and borders, to the south of, Goldcorp Inc.'s (TSX: G, NASDAQ: GG) Coffee Gold property. Goldcorp recently acquired the property Read More

  • Eco Oro Minerals announces investment by Tenor Capital

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./ VANCOUVER, July 22, 2016 /CNW/- Eco Oro Minerals Corp. ("Eco Oro" or the "Company") (TSX: EOM) is pleased to announce that it has entered into an investment agreement (the "Agreement") with Trexs Investments, LLC (the "Investor"), an entity managed Read More

  • Rockcliff Announces $1.75 Million Non-Brokered Private Placement

    TORONTO, ONTARIO--(Marketwired - July 22, 2016) - Rockcliff Copper Corporation ("Rockcliff" or the "Company") (TSX VENTURE:RCU) today announced that the Company is offering up to 25,000,000 units of the Company at a price of $0.07 per unit for up to $1,750,000 (the "Offering"). The proceeds from the Offering will be used to fund a significant drill program at the Company's two principal properties, the Talbot Property and the Read More

  • Komet Resources Signs Market Making Agreement With Questrade

    QUEBEC CITY, QUEBEC--(Marketwired - July 22, 2016) - Komet Resources Inc. (TSX VENTURE:KMT) ("Komet" or the "Company") announces that it has entered into an agreement with Questrade, Inc. to provide market making services in accordance with all applicable TSX Venture Exchange policies and securities laws and regulations. Questrade will be paid $5000 per month on a 12 month term contract, terminable upon either party giving at least 30 Read More

  • Marlin Gold Closes Non-Brokered Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Marlin Gold Mining Ltd. (TSX VENTURE:MLN) ("Marlin" or the "Company") is pleased to announce that it has completed its previously announced non-brokered private placement of common shares (the "Equity Offering"). Pursuant to the Equity Read More

  • Coral Reports Voting Results of Annual General and Special Meeting

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Coral Gold Resources Ltd. (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) ("Coral" or the "Company") is pleased to report the following voting results in accordance with Section 11.3 of NI 51-102 Continuous Disclosure Obligations. This report briefly describes the matters voted upon and the outcome of the votes at the Annual General and Special Meeting of Shareholders of the Company held on July 22, 2016: Read More

  • Equitas Resources Announces Non-Brokered Private Placement

    Vancouver, BC (FSCwire) - Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) is pleased to announce that it has arranged a non-brokered private placement. It is anticipated that insiders of the Company plan to participate for not more than 25% of the placement. The arrangement is for up to 4,500,000 units (“Units”) of the Company at a price of $0.10 per Unit Read More

  • Endurance Closes First Tranche of Private Placement

    Vancouver, British Columbia (FSCwire) - Endurance Gold Corporation (EDG – TSX.V, “Endurance”) announces that it has closed the first tranche of the non-brokered private placement (the “Offering”) announced on June 30, 2016.  The first tranche of the Offering consists of aggregate gross proceeds of $239,640.  The Company will issue 3,994,000 units (the “Unit”) at a price of $0.06 per Unit in the first tranche.  Each Unit is comprised Read More

  • Serengeti Announces Oversubscription of Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Serengeti Resources Inc. (TSX VENTURE:SIR) Further to the Company's news release of July 13, 2016 wherein it was announced that the Company had arranged a non brokered private placement to raise gross proceeds of up to CDN $500,000 (the "Offering"), the Company reports that due Read More

  • Rosita Mining Closes $850,000 Private Placement

    Toronto, Ontario / TheNewswire / July 22, 2016: Rosita Mining Corporation (RST: TSX-V) ("Rosita" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement"). Pursuant to the Private Placement, the Company issued 17,000,000 units ("Unit") at a price of $0.05 per Unit for gross proceeds of $850,000. Each Unit is comprised of one common share and one common Read More

  • Copper North Completes Private Placements and Announces Management Changes

    VANCOUVER, BC--(Marketwired - July 22, 2016) - NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE: COL) announces the completion of the non-brokered private placements, most recently announced on June 30, 2016 (the "Private Placements") and the appointment of Rebecca Moriarty, CPA, CA as Chief Financial Officer. PRIVATE PLACEMENTS On July 21, 2016, the Company Read More

  • Gold Fields Appoints Two New Directors

    JOHANNESBURG, July 22, 2016 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce the appointments of Alhassan Andani and Peter Bacchus as independent non-executive directors to the Board of Gold Fields. This brings to four the announcements of new non-executive directors to the Gold Fields Board over the past two months. The appointment of Mr Andani takes effect on 1 August 2016 Read More

  • Great Bear Resources Appoints New Directors

    July 22, 2016 / TheNewswire / Vancouver, BC, Canada. - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) is pleased to announce the appointment of Dr. David Terry, P.Geo, and Mr. Douglas Ramshaw to the Company's Board of Directors. Chris Taylor, Great Bear's President and CEO said, "Skilled people are among the most important assets a company can have, and the Great Bear family has just Read More

  • American Creek Reports That Tudor Gold Corp. Has Expanded the Electrum Property Drill Program

    CARDSTON, ALBERTA--(Marketwired - July 22, 2016) - American Creek Resources Ltd. (TSX VENTURE:AMK) ("American Creek") is pleased to report that its JV partner, Tudor Gold Corp. (TSX VENTURE:TUD) ("Tudor") is expanding the previously announced 2016 exploration program on the Electrum Property in the "Golden Triangle" of NW British Columbia 45km north of Stewart. American Creek and Tudor recently entered into a joint venture agreement with Tudor holding a Read More

  • Geomega Resources Inc.: Corporate Update

    MONTREAL, QUEBEC--(Marketwired - July 22, 2016) - In light of a large volume of inquiries submitted to the Company by shareholders in the last 48 hours concerning a press release issued by the Autorité des marchés financiers ("AMF") on July 15, 2016, Geomega Resources Inc. ("GéoMégA" or the "Company") (TSX VENTURE:GMA) would like to make the following clarifications; As mentioned in the AMF press release, GéoMégA is not Read More

  • Falcon Gold Proceeding with Share Consolidation; Private Placement

    Vancouver, British Columbia--(Newsfile Corp. - July 22, 2016) - FALCON GOLD CORP. (TSXV: FG) ("Falcon" or the "Company") announces that subsequent to receiving shareholder approval of a 5 for 1 share consolidation on January 14, 2016, management is proceeding to complete the consolidation. The Company currently has 42,185,496 common shares issued and outstanding. Subject to exchange acceptance, the resulting post consolidation shares outstanding will be 8,437,099. The exercise Read More

  • ALX Uranium Announces Lon Shaver Joins Advisory Board -Stock Options Granted

    Vancouver, B.C. (FSCwire) - ALX Uranium Corp. (“ALX” or the “Company) (TSXv: AL; FSE: 6LLN; OTCQX: ALXEF) is pleased to announce that Mr. Lon Shaver has joined the Company’s Advisory Board. Mr. Shaver has almost 20 years of experience in the Canadian mining sector, including investment banking roles with Raymond James Ltd., Merrill Lynch Canada Inc. and Midland Walwyn Capital Inc., where he completed numerous financing and Read More

  • RTG Mining Announces Issue of US$15 Million Placement Shares July 22, 2016

    Not For Distribution to United States News Wire Services or For Dissemination in the United States Subiaco, Western Australia (FSCwire) - RTG Mining Inc. (TSX: RTG, ASX: RTG) (“RTG” or the “Company”) is pleased to announce that it has successfully completed the issue of approximately 33 million shares at a price of A$0.60 per share to institutional and sophisticated investors pursuant to  the private placement announced by Read More

  • Centurion Closes $546,000 First Tranche of Private Placement

    Vancouver, British Columbia--(Newsfile Corp. - July 22, 2016) - Centurion Minerals Ltd. (TSXV: CTN) ("Centurion", or the "Company") is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement and issued 10,920,000 Units priced at $0.05 for total gross proceeds of $546,000. Each Unit consists of one common share and one 2 year common share purchase warrant. Each warrant will be Read More

  • Osisko Mining Files Early Warning Report In Respect of Bonterra Resources

    TORONTO, ONTARIO--(Marketwired - July 22, 2016) - Osisko Mining Inc. (TSX:OSK) (the "Corporation") announces that it has filed an early warning report in respect of its holdings in BonTerra Resources Inc. ("BonTerra"). On, July 7, 2016, the Corporation acquired, by way of a private placement of BonTerra (the "Private Placement"), ownership and control over 1,500,000 units of BonTerra ("Units") at a price of $0.50 per Unit for total Read More

  • Skeena Closes Third and Final Tranche of Financing

    VANCOUVER, BC--(Marketwired - July 22, 2016) - Skeena Resources Limited (TSX VENTURE: SKE) ("Skeena" or the "Company") is pleased to announce, subject to approval by the TSX-Venture Exchange, the closing of the third and final tranche of the over-subscribed, non-brokered private placement financing announced on June 9, 2016, for gross final tranche proceeds of CDN$1,638,171. Together with the first and second tranches, Skeena has raised gross proceeds of Read More

  • Wildcat Exploraiton Closes Private Placement

    Vancouver, British Columbia / TheNewswire / July 22, 2016: Wildcat Exploration Ltd, "the Company", (TSX-V: WEL) is pleased to announce that further to its news releases dated July 15, 2016 and July 22, 2016, the Company has closed its private placement offering raising gross proceeds of $1,734,995. The Company issued 31,545,363 units and paid finder's fees in the amount 3,074,536 units in connection with the private placement, subject Read More

  • Osisko Mining Decreases Equity Interest in IDM Mining

    TORONTO, ONTARIO--(Marketwired - July 22, 2016) - Osisko Mining Inc. (TSX:OSK) (the "Corporation") announces that, through a series of trades ending on July 21, 2016, it disposed of an aggregate of 6,251,500 common shares of IDM Mining Ltd. ("IDM Mining") through the facilities of the TSX Venture Exchange at an average price of approximately $0.2205 per share for total consideration of $1,378,758.50 (the "Transactions"). Immediately prior to the Read More

  • Golden Hope Mines Announces Results of the Annual General Meeting and the Passing of Theodore (Teddy) Polisuk

    Montreal, QC / TheNewswire / July 22, 2016 - Golden Hope Mines Limited is pleased to announce that all matters put forward to the shareholders for approval at its 2016 Annual General and Special Meeting ("AGM") held on July 22nd 2016 in Montreal, Quebec were passed. At the AGM, the following individuals were re-elected as the directors of the Company: Larry Hoover, Chairman, Frank Candido, President, Michael Zurowski, Roy Read More

  • Teras Announces Increase to and Closing of Unit Private Placement

    CALGARY, ALBERTA--(Marketwired - July 22, 2016) - Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE:TRA): announces that it has increased the size of its previously announced non-brokered private placement of units (each a "Unit"). In addition, Teras announces that it has completed the closing of the private placement of Units, subject to final approval of the TSX Venture Exchange. Teras issued 9,454,332 Units at a price of Read More

  • Candelaria Mining Completes Acquisition of Caballo Blanco Gold Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - NOT FOR DISTRIBUTION TO THE UNITED STATES OR TO US NEWSWIRE SERVICES Candelaria Mining Corp. (TSX VENTURE:CXX) ("Candelaria" or the "Company") is pleased to announce the completion of the acquisition of the Caballo Blanco Gold Project in Veracruz, Mexico from Molimentales Del Noroeste, SA de CV, a subsidiary of Timmins Gold Corp. Pursuant to the terms of the agreement, Candelaria Read More

  • Pretium Resources Announces Mineral Resource Estimate Update for Valley of the Kings

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2016) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report an updated Valley of the Kings Mineral Resource estimate in accordance with National Instrument 43-101 for its Brucejack Project, where construction and development continues on schedule for commissioning of the underground mine in mid-2017. Updated Mineral Resource Estimate Confirms Geological Model for Mine Production Planning The 2015-2016 Valley Read More

  • Sabina Gold & Silver Provides Update on Permitting for the Back River Gold Project, Nunavut, Canada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2016) - Sabina Gold & Silver Corp. (TSX:SBB) ("Sabina" or the "Company") provided an update today on the permitting process for the Back River Gold Project ("Back River" or the "Project") in Nunavut, Canada. Background On June 16, 2016, Sabina announced that the Nunavut Impact Review Board ("NIRB" or the "Board") in a Report, recommended to the Minister of Indigenous and Northern Read More

  • Ascot Resources Intersects 88.40 g/t Gold and 9,640.0 g/t Silver Over 1.55 Metres at Premier

    SURREY, BRITISH COLUMBIA--(Marketwired - July 21, 2016) - Ascot Resources Ltd. (TSX VENTURE:AOT) The Premier property covers more than one hundred square kilometres near the town of Stewart in northwest BC, and includes the old Premier Mine, a past producer of 2.1 MOz Au and 44.9 MOz Ag. Highlights of Release: In its latest set of results from its 2016 drill program the Company announces hole P16-1016 in Read More

  • NuLegacy Gold drills 35.1 meters of 0.52 g/t gold and 33.5 meters of 0.58 g/t gold at Iceberg oxide gold deposit

    RENO, NEVADA--(Marketwired - July 21, 2016) - NuLegacy Gold Corporation (TSX VENTURE:NUG)(OTCQX:NULGF) is pleased to report assay results for the first ten holes of the 40+ hole (10,000 meter) 2016 exploration program on its 100% owned Iceberg oxide gold deposit. The primary target is the shallow Carlin-style oxidized gold mineralization within the 3 km long and 0.5 km wide Iceberg gold deposit in the Cortez gold-trend of north-central Read More

  • International Lithium Reports Drill Results from Avalonia Project Including 2.33% Li2O over 4.62 meters

    Vancouver, British Columbia--(Newsfile Corp. - July 21, 2016) - International Lithium Corp. (TSXV: ILC.V) (the "Company" or "ILC") is pleased to announce results from the recent drill program at the Avalonia Lithium Project, Ireland. Drilling Highlights Most notable pegmatite intersection grading 2.33% Li2O over 4.62m at southern extent of Aclare pegmatite; Aclare pegmatite high-grade mineralization open along trend to the southwest and at depth; Improved understanding of mineral zonation to Read More

  • First Mining Increases Private Placement $27 Million

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES First Mining Finance Corp. ("First Mining" or the "Company") (TSX VENTURE:FF)(OTCQX:FFMGF) is pleased to announce that, due to significant interest from investors, including institutional investors, the Company has decided to increase its previously announced non-brokered private placement financing to 33,750,000 units ("Units") at a price Read More

  • Midas Gold Commences Feasibility Level Metallurgical Testwork on Its Stibnite Gold Project

    VANCOUVER, BC --(Marketwired - July 21, 2016) - Midas Gold Corp. (TSX: MAX) (OTCQX: MDRPF) ("Midas Gold" or the "Company") today announced that it has commenced feasibility level metallurgical testing, which is being conducted as a critical path item in advance of preparing a feasibility study on its Stibnite Gold Project (the "Project"). This work is expected to continue through the second quarter of 2017 and is intended Read More

  • UEX Signs Joint Venture Agreement on Christie Lake Uranium Project

    VANCOUVER, BC--(Marketwired - July 21, 2016) - UEX Corporation (TSX: UEX) ("UEX" or the "Company") is pleased to announce the Company and JCU (Canada) Exploration Company Limited ("JCU") have signed a Joint Venture Agreement ("JVA") for the Christie Lake Project (the "Project"). The Project is currently owned 10% by UEX and 90% by JCU. (the "Participants") UEX holds an option to earn up to a 70% interest in Read More

  • NexGen Energy: Assays Confirm New High Grade Discovery in the A1 Shear and the Cannon Area Returns Anomalous Uranium

    VANCOUVER, July 21, 2016 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, OTCQX:NXGEF) is pleased to report assay results for 4 holes from our recently completed winter 2016 drilling program on our 100% owned, Rook I Project, Athabasca Basin, Saskatchewan. Highlights: A1 Shear The discovery of substantial mineralization in the A1 shear has now been confirmed in two holes. AR-16-84c1 (discovery hole) intersected 28.5 m Read More

  • Alacer Gold Announces Further Exploration Results for the Copler District

    TORONTO, July 21, 2016 (GLOBE NEWSWIRE) -- Alacer Gold Corp. (“Alacer” or the “Company”) (TSX:ASR) (ASX:AQG) is pleased to announce drilling results through May 31, 2016 from the Company’s 2016 Çöpler District exploration program in Turkey. Drilling results are from an additional 17,361 meters of drilling at the Çakmaktepe North prospect (formerly known as Yakuplu North) approximately 5 km east of the Çöpler Mine. These results are Read More

  • RNC Closes Flow-Through Financing to Fund $3 Million Qiqavik 2016 Gold Exploration Program

    TORONTO, July 21, 2016 /CNW/ - Royal Nickel Corporation ("RNC" or the "Company") (TSX: RNX) has announced today that it has completed its previously announced non-brokered private placement financing, issuing a total of 3,274,000 flow-through shares of the Company (the "Flow-Through Shares") at a price of $0.51 per Flow-Through Share for gross proceeds of approximately $1.7 million (the "Offering"). The proceeds from the Offering will be used Read More

  • Harte Gold Closes Private Placement & Announces Strategic Investor

    TORONTO, ONTARIO--(Marketwired - July 21, 2016) - HARTE GOLD CORP. ("Harte Gold") (TSX:HRT)(OTC:HRTFF)(FRANKFURT:H4O) has raised gross proceeds of $4,050,000 pursuant to the closing on July 20, 2016 of a non-brokered private placement of 13,500,000 Units ("Units") priced at $0.30 per Unit. Each Unit consists of one common share and one common share purchase warrant exercisable at $0.35 for a period of two years from Closing. Finder's fees payable Read More

  • Lydian Announces Proposed C$11.39 Million Investment by the European Bank for Reconstruction and Development

    TORONTO, ONTARIO--(Marketwired - July 21, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") is pleased to announce that the Board of Directors of the Company has approved the terms of a proposed non-brokered private placement (the "Private Placement") of ordinary shares of the Company to the European Bank for Reconstruction and Development Read More

  • Carolina Capital Signs Definitive Agreement to Acquire Madison Gold Mine

    VANCOUVER, July 21, 2016 /CNW/ - Carolina Capital Corp. (CQC-TSX:V) ("Carolina" or the "Company") is pleased to announce it has entered into a definitive asset purchase agreement (the "Definitive Agreement") with Coronado Resources Ltd. ("Coronado") to acquire a 100% interest, subject to underlying royalties, in the Madison Gold and Copper Mine ("Madison Mine") located in southwestern Montana.  The purchase is subject to certain conditions and approval by Read More

  • Carube Announces Closing of Private Placement of Units

    Ottawa, Ontario--(Newsfile Corp. - July 21, 2016) - Carube Copper Corp. (TSXV: CUC) (the "Company" or "Carube") is pleased to announce that it has closed its previously announced private placement financing of 5,000,000 units ("Units") for gross proceeds of $500,000 (the "Offering"). Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and one half of one Common Share purchase warrant Read More

  • Nevada Clean Magnesium Appoints New Board Member and CFO

    Vancouver, British Columbia / TheNewswire / July 21, 2016 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (The "Company") today announced the appointment of Dennis Mee, CPA, CA to the board of directors and as Chief Financial Officer. Dennis Mee has over 35 years' experience as a senior financial and operational executive with a variety of industries. Mr. Mee currently serves on the Board of Read More

  • Avrupa Minerals Ltd.: Covas Joint Venture Update, Portugal

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2016) - Avrupa Minerals Ltd. (TSX VENTURE:AVU)(FRANKFURT:8AM) is pleased to report on joint venture progress during 2016 at the Covas Tungsten Project in northern Portugal. Blackheath Resources ("BHR") holds 75% of the JV by virtue of contributing over 1.6 million euros, to date, for exploration on the project. Avrupa holds the remaining 25% and continues as Operator of the project. For further Read More

  • K92 Mining Arranges $2 Million Financing At $1.17

    VANCOUVER, July 21, 2016 /CNW/ - K92 Mining Inc. (the "Company" or "K92", TSXV: KNT) is pleased to announce that is has arranged a further non-brokered private placement to raise approximately $2,000,000 (the "Financing") through the issuance of 1,709,402 units (the "Units") of the Company at a price of $1.17 per Unit. Each Unit will consist of one Common share (an "Offered Share") and one Common share Read More

  • Defiance Appoints Mine Developer as Chairman

    Vancouver, British Columbia--(Newsfile Corp. - July 21, 2016) - Defiance Silver Corp (TSXV: DEF) (OTC: DNCVF) ("Defiance"), is pleased to announce that Peter J. Hawley, BSc, BEng, P.Geo. has joined Defiance as a Director and Chairman of the Board. Mr. Hawley adds significant depth to the board with his 36 years of geological and mining experience spanning grassroots exploration through to development and production. Having worked extensively with Read More

  • Golden Dawn Announces the Signing of a Letter of Intent for a Metal Purchase Agreement (MPA) with RIVI Capital for the Greenwood Project

    Vancouver, British Columbia--(Newsfile Corp. - July 21, 2016) - Wolf Wiese, CEO of Golden Dawn Minerals Inc. (TSXV: GOM) (FSE: 3G8A) (the "Company" or "Golden Dawn") announces signing (LOI) Letter of Intent, for a Metal Purchase Agreement (MPA) With RIVI Capital of San Francisco. The MPA is a part of the overall financing strategy consisting of Debt, Equity, and the Metal Purchase Agreement (MPA) described below. This will fund the capital expenditures to Read More

  • K92 Mining Closes $12,500,000 Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2016) - K92 Mining Inc. (TSX VENTURE:KNT) ("K92") is pleased to announce that it has closed its non-brokered private placement of 12,500,000 units at $1.00 per unit for gross proceeds of $12,500,000. All securities issued pursuant to the private placement are subject to a four month hold expiring November 21st, 2016. Each unit issued consists of one common share and one-half common Read More

  • Asiamet Resources Feasibility Drilling Confirms High Grade Copper Mineralization

    Vancouver, British Columbia (FSCwire) - Asiamet Resources Limited ("ARS" or the “Company”) is pleased to announce that Resource infill and extension drilling being undertaken as part of the feasibility study on the Beruang Kanan Main (“BKM”) copper deposit in Central Kalimantan, Indonesia continues to intersect high grade copper mineralization in the southern part of deposit and has confirmed good continuity of higher grades previously reported within the Read More

  • Tudor Gold Corp. Extends Drill Program on Electrum Property

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2016) - Tudor Gold Corp. (TSX VENTURE:TUD) (the "Company" or "Tudor Gold") is pleased to announce that it is extending the previously announced 1,000 meter diamond drill program by 500 meters for a new total of 1,500 meters of drilling at the Electrum property. The Electrum property is situated in the Golden Triangle area, Skeena mining division of British Columbia. Tudor Gold Read More

  • Sandy Lake Gold and GPM Metals Announce Closing of Property Sale

    TORONTO, ONTARIO--(Marketwired - July 21, 2016) - Sandy Lake Gold Inc. (formerly Lago Dourado Minerals Ltd.) (TSX VENTURE:SDL) ("Sandy Lake") and GPM Metals Inc. (TSX VENTURE:GPM) ("GPM") are pleased to announce that they have completed the previously announced acquisition (the "Acquisition") by Sandy Lake from GPM of GPM's property interests in the Sandy Lake district, Northwestern Ontario. As consideration for the Acquisition, Sandy Lake issued an aggregate of Read More

  • KWG Principal Shareholders Diverge From Majority

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  • 1

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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