ALL NEWS RELEASES

  • Cameco Reports First Quarter Financial Results

    SASKATOON, SASKATCHEWAN--(Marketwired - April 29, 2016) - ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED) Results reflective of quiet market during the first quarter Maintaining annual delivery and cost of sales guidance Undertook restructuring activities to support the long-term health and sustainability of the company Continued success ramping up Cigar Lake Lower uranium production guidance due to operational changes at Rabbit Lake, US ISR and McArthur River/Key Lake Read More

  • Buenaventura Announces First Quarter 2016 Results

    LIMA, Peru--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE:BVN; Lima Stock Exchange:BUE.LM), Peru’s largest publicly-traded precious metals mining company, announced today results for the first quarter (“1Q16”) period ended March 31, 2016. All figures have been prepared in accordance with IFRS (International Financial Reporting Standards) on a non GAAP basis and are stated in U.S. dollars (US$). First Quarter 2016 Highlights: In 1Q16, Read More

  • Newmarket Gold Reports Strong First Quarter 2016 Financial Results; Essentially Debt-Free; Fosterville Delivers Record Production and Low AISC of US$723

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Newmarket Gold Inc. ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) is pleased to announce financial results for the three months ended March 31, 2016. All figures are in United States ("U.S.") dollars, unless otherwise stated. Full Financial Statements and Management Discussion & Analysis documents can be found at www.sedar.com and the Company's website, www.newmarketgoldinc.com. First Quarter 2016 Highlights Strong Financial Position: Cash Read More

  • Columbus Gold Drills 35.1 Meters of 4.1 g/t Gold, Including 19.8 Meters of 6.91 g/t Gold and 97.3 g/t Silver, at Eastside, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Columbus Gold Corp. (TSX:CGT)(OTCQX:CBGDF) ("Columbus") is pleased to report results of the first ten 2016 drill holes and of new geological work completed at its 100% owned Eastside gold project in Nevada. Highlights of the 2016 drilling include: ES-96 with 35.1 m of 4.1 g/t gold (including 19.8 m of 6.91 g/t gold and 97.3 g/t silver) ES-90 with 13.4 Read More

  • Seabridge Gold Announces Closing of C$8.7 Million Cross-Border Public Offering of Common Shares

    TORONTO, April 29, 2016 (GLOBE NEWSWIRE) -- Seabridge Gold Inc. (TSX:SEA)(NYSE:SA) (the “Company” or “Seabridge”) announced today that it has closed its previously announced cross-border public offering (the “Public Offering”) of common shares of the Company (the “Common Shares”). The Public Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and including National Bank Financial Inc. and Paradigm Capital Inc. (together, the “Underwriters”) Read More

  • Golden Minerals Reports First Quarter 2016 Results

    GOLDEN, Colo., April 29, 2016 /PRNewswire/ -- Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE MKT: AUMN and TSX: AUM) announces results for the first quarter ended March 31, 2016. First Quarter Summary Revenue of (US)$1.5 million in the first quarter 2016 compared to $2.3 million in the first quarter 2015 Loss from operations of $2.3 million compared to a loss of $5.0 million in the Read More

  • Cascabel Exploration Update - Hole 16 Results Extend Alpala Central High Grade Mineralization

    OTTAWA, ONTARIO--(Marketwired - April 29, 2016) - Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX VENTURE:CGP)(FRANKFURT:GWN)(BERLIN:GWN)(OTCBB:CTNXF) announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the Company has a 15% interest financed through to completion of a feasibility study. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project. HIGHLIGHTS: Read More

  • Boliden’s Acquisition of Kevitsa Mine Approved by Competition Authorities

    BOLIDEN, Sweden--(BUSINESS WIRE)--Relevant competition authorities have approved Boliden’s acquisition of the nickel- and copper mine Kevitsa in Finland. With the approval from the competition authorities in Sweden, Finland and Germany, all external approvals required for closing the deal have been received. Boliden continues to work on the remaining details and the plan is to close the deal around 1 June 2016. “This acquisition is in line Read More

  • Avnel Gold Receives Approval of ESIA for the Kalana Main Project

    ST. PETER PORT, GUERNSEY--(Marketwired - April 29, 2016) - Avnel Gold Mining Limited ("Avnel" or the "Company") (TSX:AVK) is pleased to announce that the Environmental and Social Impact Assessment ("ESIA") and the associated Environmental and Social Management Plan ("ESMP") for the development of the Kalana Main Project has been approved by the Malian authorities. Approval of the ESIA was the key government approval required to advance the Kalana Read More

  • Canadian Metals Announces Positive Preliminary Economic Assessment of Langis Project

    MONTRÉAL, QUÉBEC--(Marketwired - April 28, 2016) - Canadian Metals Inc. (The "Corporation") (CSE:CME) is pleased to announce the results of a positive PEA study that was completed by Viridis.iQ GmbH in collaboration with GeoLogic, GeoForbes and Biofilia, respectively responsible for metallurgy and mineral processing, resource estimate and environmental. The PEA study demonstrates that the Project has robust economics and potential to become a profitable producer of silicon metal. Read More

  • Goldcorp announces voting results from Annual Shareholders Meeting

    VANCOUVER, April 29, 2016 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp" or the "Company") announces the voting results for the election of its Board of Directors, which took place at the Company's Annual and Special Meeting held on April 28, 2016. The nominees listed in the management proxy circular dated March 14, 2016 were elected as directors of Goldcorp at the meeting. Detailed results of Read More

  • Nemaska Lithium Buys Modular Mill to Produce Lithium Concentrate from Whabouchi Bulk Sample-6% Li2O Spodumene Concentrate to Feed Phase 1 Lithium Hydroxide Plant

    QUEBEC CITY, QUEBEC--(Marketwired - April 29, 2016) - Nemaska Lithium Inc. («Nemaska Lithium» or the «Corporation») (TSX VENTURE:NMX)(OTCQX: NMKEF) announces that it has purchased a new self-contained dense media separation (DMS) portable mill to be located at the Whabouchi mine site. The portable and modular mill, with a processing capacity of 10 t/hour, will be used to process a mine-representative bulk sample of about 29,000 t from the Read More

  • Carpathian Gold Inc. Completes Restructuring

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Carpathian Gold Inc. (CSE:CPN) (the "Corporation" or "Carpathian") advises that further to the previously announced agreement by Yamana Gold Inc.'s Brio Gold division ("Brio") to purchase from Macquarie Bank Limited ("Macquarie") and the subsequent completion by Brio of such purchase of all Macquarie's rights and interest in its secured loan to the Riacho dos Machados gold project of Mineracao Riacho dos Read More

  • Galane Gold Ltd. Releases Financial And Operating Results For 2015

    TORONTO, April 29, 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 year ended December 31, 2015. All amounts are in United States dollars unless otherwise indicated. A copy of the audited consolidated financial statements for the year ended December 31, 2015 prepared in accordance with International Financial Reporting Standards and Read More

  • Eloro Resources Announces $350,000 Financing

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro" or the "Corporation") is pleased to announce that it is proceeding with a non-brokered private placement (the "Private Placement") of up to 2,058,824 units of Eloro at a price of $0.17 per unit ("Units") for proceeds of up to $350,000. Each Unit will consist of one Common Share and one half of one Common Share Read More

  • Lago Dourado Minerals Ltd. Announces Private Placement Financing

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Lago Dourado Minerals Ltd. ("Lago" or the "Company") (TSX VENTURE:LDM) is pleased to announce that it proposes to complete a non-brokered private placement (the "Offering") pursuant to which it will issue up to 12,000,000 subscription receipts ("Subscription Receipts") at a price of $0.10 per Subscription Receipt to Read More

  • Agnico Eagle Announces Election of Directors

    TORONTO, April 29, 2016 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today announced that, at the annual and special meeting of shareholders held earlier today (the "Meeting"), each of the twelve nominees listed in the management information circular dated March 11, 2016 were elected as directors of Agnico Eagle. Detailed results of the vote are set out below: Nominee Votes Read More

  • Euromax Announces Non-Brokered Private Placement to the European Bank of Reconstruction and Development and Finalisation of Funding Package With Consolidated Contractors Company

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Euromax Resources Ltd. - (TSX VENTURE:EOX): ("Euromax" or the "Company"), is pleased to announce that it has entered into a convertible loan agreement (the "Convertible Loan Agreement") with the European Bank for Reconstruction and Development (the "EBRD") for an investment of US$5 million in respect of funding of the ongoing pre-development of the Ilovica project in the FYR Macedonia. Euromax is Read More

  • Monarques Considering Various Ore Processing Scenarios for Croinor

    QUEBEC CITY, QUEBEC--(Marketwired - April 29, 2016) - MONARQUES GOLD CORP. ("Monarques" or the "Corporation") (TSX VENTURE:MQR)(FRANKFURT:MR7) is pleased to announce that given the improvement in the gold price in recent months, it is considering various options for putting the Croinor mine project into production. In view of this, Monarques is continuing to assess various processing scenarios for the ore from the future Croinor mine, including custom milling Read More

  • Harte Gold Announces Final Closing Under Private Placement

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - HARTE GOLD CORP. ("Harte Gold") (TSX:HRT)(OTC:HRTFF)(FRANKFURT:H4O) has raised gross proceeds of $2,000,000 including $200,000 pursuant to the closing today (previous closing March 31, 2016 & April 20, 2016), of a non-brokered private placement of 10,000,000 Flow-Through Units ("FT Units") priced at $0.20 for gross proceeds of $2,000,000. Harte Gold issued 1,000,000 FT Units at $0.20 per FT Unit. Each FT Unit Read More

  • GPM Metals Inc. Announces Amended Private Placement

    TORONTO, ON--(Marketwired - April 29, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. GPM Metals Inc. ("GPM" or the "Company") (TSX VENTURE: GPM) announces today that it has amended the terms of its proposed non-brokered private placement (the "Offering") that was previously announced on April 18, 2016, which will now consist of up to 25,000,000 special warrants ("Special Warrants") at Read More

  • Colibri Announces Closing of Non-Brokered Private Placement

    VANCOUVER, April 29, 2016 /CNW/ - Colibri Resource Corporation ("Colibri" or the "Company") (TSX.V-CBI) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of 1,600,000 units (each, an "Unit") for total proceeds of up to $80,000 at $0.05 per Unit. Each Unit comprises of one common share of the Company (a "Share") and one whole warrant to purchase an Read More

  • Gold and copper discoveries on Finlay's Pil Property in the Toodoggone Region, BC

    VANCOUVER, April 29, 2016 /CNW/ - Finlay Minerals Ltd. (TSXV:FYL) ("The Company") is pleased to report exploration results at its Pil Property in the Toodoggone Region of northern British Columbia. In late 2015 the Company conducted a short program of prospecting along with soil and rock sampling in the Pillar East Zone of the Company's 100% owned Pil property. Access to the property was via helicopter from Read More

  • Tsodilo Resources Limited Closes Private Placement Financing

    Toronto, Ontario (FSCwire) - Tsodilo Resources Limited (TSX Venture Exchange: TSD) (the "Tsodilo" or the "Company") is pleased to announce that it has closed the Private Placement Financing (the "Financing') previously announced on April 26, 2016, for gross proceeds to the Company of CDN $605,369. The Financing is for 1,008,948 units of the Company (the "Units"). Each Unit is comprised of one common share priced at CDN Read More

  • Platinum Group Metals Files Waterberg Project Technical Report

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group Metals" or the "Company") reports that further to its news release dated April 19, 2016 announcing an updated independent resource estimate on the Company's 58.62% interest in the Waterberg Project located in the Bushveld Igneous Complex, South Africa, it has today filed the associated National Instrument 43-101 technical report. The report is Read More

  • Redstar Gold Closes Non-Brokered Private Placement

    TheNewswire / April 29, 2016 - Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) ("Redstar" or the "Company") is pleased to announce that, further to its news release dated April 21, 2016, the Company has closed a non-brokered private placement of 19,085,200 units at a price of $0.06 per unit to raise gross proceeds of $1,145,112. Each unit consisted of one common share and one common share Read More

  • Southern Silver Announces Equity Financing for Oro Gold Project Drill Program, New Mexico

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Southern Silver Exploration Corp. ("Southern Silver") (TSX VENTURE:SSV)(FRANKFURT:SEG1)(SSE:SSVCL) plans to issue up to 10,000,000 units ("Units") in a non-brokered private placement at a price of $0.10 per Unit to raise $1,000,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years Read More

  • Northquest Ltd. Announces Postponement of Special Meeting of Shareholders Until June 22, 2016

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Northquest Ltd. (TSX VENTURE:NQ)(FRANKFURT:N3Q) ("Northquest" or "the Company") announced on January 8, 2016 that the Company had called a special meeting of shareholders of the Company (the "Meeting") to be held on May 2, 2016. The Meeting was called as a result of a requisition by Nord Gold N.V. ("Nordgold") received by the Company on December 18, 2015 whereby Nordgold requested Read More

  • Yorbeau Closes Final Tranches of Private Placements

    MONTREAL, QUEBEC--(Marketwired - April 29, 2016) - Yorbeau Resources Inc. (the "Company") (TSX:YRB.A) is pleased to announce that it has completed an additional and final tranche of its previously announced private placement (see press release dated March 11, 2016) by issuing an additional 1,428,572 units at a price of $0.07 per unit for gross proceeds of $100,000. The Company has raised total gross proceeds of $850,000 under this Read More

  • Samco Gold Releases Its Financial Statements and Management's Discussion & Analysis for the Year Ended December 31, 2015

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Samco Gold Limited (TSX VENTURE:SGA) ("Samco Gold" or the "Company") today released its Audited Consolidated Financial Statements and related Management's Discussion & Analysis ("MD&A") for the year ended December 31, 2015. These Financial Statements and MD&A are available at the Company's website and at its profile on the SEDAR website at www.sedar.com. About Samco Gold Limited Samco Gold's principal business has Read More

  • Belvedere Resources: Default Announcement Pursuant to National Policy 12-203

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Belvedere Resources Ltd. (TSX VENTURE:BEL) (the "Company") announces that it does not anticipate being in a position to file its audited annual financial statements (the "Statements"), management's discussion and analysis and related certifications for the fiscal year ended December 31, 2015 (the "Required Records") on or before April 30, 2016, as required, due to difficulties under recent prevailing market conditions Read More

  • Darnley Bay Announces Increase in Size of Private Placement and Entering Into Definitive Option Agreement

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Darnley Bay Resources Limited (TSX VENTURE:DBL) ("Darnley" or the "Company") announces an increase to the size of its previously announced non-brokered private placement in an amount of $25,000 for aggregate gross proceeds of up to $325,000 (the "Offering"). The Offering will now be up to 13,000,000 units at a price of $0.025 per unit ("Unit"). Each Unit will consist of one Read More

  • Uravan Announces Private Placement

    CALGARY, April 29, 2016 /CNW/ - Uravan Minerals Inc. ("Uravan" or the "Corporation") is pleased to announce that, subject to regulatory approvals, it intends to issue pursuant to a non-brokered private placement up to 2,000,000 units ("Units") at a price of $0.10 per Unit and up to 670,000 common shares of the Corporation issued on a "CEE flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through Read More

  • Tartisan Resources Corp. Seeks to Raise Additional Capital via Private Placement

    Toronto, Ontario (FSCwire) - Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce a proposed Private Placement. Private Placement Tartisan Resources Corp. is seeking to raise up to $CDN 200,000 via non-brokered private-placement. The Company intends to issue 4 million units at CDN $0.05 cents per unit with a full warrant at CDN $0.10 cents, expiring 24 months from date of closing of Read More

  • Royal Road Minerals Announces Resignation of Director

    Toronto, Ontario--(Newsfile Corp. - April 29, 2016) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road Minerals" or the "Company"), a gold focused mineral exploration and development company, announces with regret, that Mr Hugh Devlin has resigned from the Board of Directors due to ill-health. "Hugh Devlin was a co-founder of Royal Road Minerals and of Lydian International" stated Tim Coughlin, Royal Road Minerals' President and CEO. "Hugh Read More

  • Suparna Gold Announces Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Suparna Gold Corp. ("Suparna" or the "Company") (TSX VENTURE:SUG) announces that, subject to the approval of the TSX Venture Exchange, the Company proposes to complete a non-brokered private placement of units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of up to $300,000. Each Unit shall be comprised of one common share in the capital Read More

  • Goldstrike Announces Option Grant

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC PINK:APRAF)(FRANKFURT:KCG1) has granted incentive stock options exercisable to purchase up to an aggregate of 2,000,000 shares to directors of the Company and its subsidiary, Petro One Energy Corp., and options exercisable to purchase up to an additional 350,000 shares to consultants providing geological and accounting services. All of the options are exercisable at the price Read More

  • Wallbridge Announces Private Placement and Signing a Cooperation Agreement

    TORONTO, April 29, 2016 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge") is pleased to announce that it completed a non-brokered private placement of an aggregate of 11,700,000 units in the capital of Wallbridge (the "Units") at $0.05 (Canadian) per Unit raising aggregate proceeds of $585,000 (collectively, the "Offering"). The gross proceeds of the Units sold under the Offering will be used for general working Read More

  • Teck Reports Voting Results From Annual General Meeting

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held Wednesday April 27, 2016 in Vancouver, British Columbia. A total of 7,906,959 Class A common shares and 392,780,107 Class B subordinate voting shares were voted at the meeting, representing 78.8% of the Read More

  • UPDATED Q1 2016 Financial and Operational Results Release Date and Conference Call

    VANCOUVER, April 29, 2016 /CNW/ - Eldorado Gold Corporation will now release its Q1 2016 Financial Results after the market closes on Wednesday, May 11, 2016. Paul Wright, President and Chief Executive Officer of the Company, will host a conference call on Thursday, May 12, 2016 at 8:30 am PT (11:30 AM ET). The call will be webcast and can be accessed at Eldorado Gold's website: www.eldoradogold.com Read More

  • Wesdome closes C$17 million bought deal financing

    TORONTO, April 29, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX:WDO)("Wesdome" or the "Company") is pleased to announce that it has closed its previously announced public offering (the "Offering") of 10,465,000 common shares ("Common Shares") at a price of C$1.65 per Common Share, for total gross proceeds of C$17,267,250, including the exercise in full of the over-allotment option by the underwriters. The Common Shares were sold pursuant Read More

  • Probe Metals Acquires Ivanhoe Property, Ontario

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Probe Metals Inc. (TSX VENTURE:PRB) ("Probe" or the "Company") is pleased to announce that the Company has acquired 100% of the Ivanhoe property (the "Property") held by Larry Gervais and Glen Shalton (the "Vendors") and optioned by GTA Resources and Mining Inc. ("GTA") in April 2014. The Property represents a land package of approximately 130 square kilometres and is located proximal Read More

  • GTA Vends Ivanhoe Property to Probe Metals

    BURLINGTON, ONTARIO--(Marketwired - April 29, 2016) - THIS PRESS RELEASE IS NOT, AND IS NOT TO BE CONSTRUED IN ANY WAY AS, AN OFFER TO BUY OR SELL SECURITIES IN THE UNITED STATES. GTA Resources and Mining Inc. (TSX VENTURE:GTA) announces the sale of its entire interest in the Ivanhoe property in northern Ontario to Probe Metals Inc (TSX: "PRB"). GTA had held the property under option from Read More

  • Western Uranium Corporation Announces the Initial Closing of Non-Brokered Private Placement of Up to Cdn$500,000 With 50% Overallotment

    TORONTO, ONTARIO and NUCLA, COLORADO--(Marketwired - April 29, 2016) - Western Uranium Corporation (CSE:WUC)(OTC PINK:WSTRF) ('Western' or the 'Company') is pleased to announce that further to its news release dated April 4, 2016, it has completed an initial Closing of Cdn.$680,760 of its non-brokered private placement (the "Offering") of 400,447 units (the "Units"), subject to final approval from the Canadian Securities Exchange. The Company issued 400,447 Units at Read More

  • Eastmain Resources Announces Management Changes

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER) announced today that further to its previously announced succession process, Mr. Claude Lemasson has been appointed as President and Chief Executive Officer (Interim) effective April 28, 2016. Mr. Lemasson, a highly skilled mining professional with nearly 30 years of mine development and operational experience, is the former General Manager Projects, Canada and U.S., Read More

  • Castle Resources Announces Closing of Debt Restructuring

    TORONTO, ONTARIO--(Marketwired - April 29, 2016) - Castle Resources Inc. (CSE:CRI) ("Castle" or the "Company") is pleased to announce that it has closed the comprehensive debt restructuring proposal regarding certain outstanding indebtedness of the Company on the terms as announced on March 16, 2016. The transaction was closed with Drake Private Investments, LLC ("Drake"), a "control person" of the Company, as such term is defined in the Securities Read More

  • Purepoint Uranium Group Inc. Closes Second Tranche of Private Placement

    Toronto, Ontario--(Newsfile Corp. - April 29, 2016) - Purepoint Uranium Group Inc. (TSXV: PTU) (the "Company") is pleased to announced the closing of the second tranche of the previously announced non-brokered private placement for gross proceeds of $1,139,800. The Company issued 10,984,000 common share units at a price of $0.075 per unit and 3,717,650 flow-through units at a price of $0.085 per unit. Each common share unit consists Read More

  • Cyprium Mining Corporation announces closing of private placement and other corporate transactions

    MONTREAL, April 28, 2016 /CNW/ - Cyprium Mining Corporation (TSXV: CUG) ("Cyprium" or the "Company") is pleased to announce that it has completed a second closing of its previously announced private placement of up to 8,000,000 units (the "Units") at a price of $0.065 per Unit for gross proceeds of up to $520,000 (the "Offering"). In this closing, Cyprium issued 2,300,000 Units for gross proceeds of $149,500 Read More

  • Silver Range Resources Ltd. Announces the Granting Of an Incentive Stock Option and the Surrender for Cancellation of Certain Previously Granted Incentive Stock Options

    Vancouver, British Columbia (FSCwire) - Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) announces that it has granted an incentive stock option to its new President and Chief Executive Officer Michael Power, P. Geo., entitling him to purchase up to a total of 450,000 common shares at a price of $0.13 for a period of five years, which option will vest on a quarterly basis commencing three months Read More

  • Lupaka Gold Reports Financial Highlights for the Year Ended December 31, 2015 and Extension of Pandion Financing Mandate

    VANCOUVER, BC--(Marketwired - April 29, 2016) - Lupaka Gold Corp. ("Lupaka Gold" or "the Company") (TSX VENTURE: LPK)(FRANKFURT: LQP) reports financial results for the year ended December 31, 2015. The following is taken from the Company's audited annual consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2015, both of which are filed at www.sedar.com under the Company's profile. Notable events -- the Company's Read More

  • Margaux Resources Announces Withdrawal of Letter of Intent Regarding the Jersey Emerald Property

    CALGARY, ALBERTA--(Marketwired - April 29, 2016) - Margaux Resources Ltd. (TSX VENTURE:MRL) ("Margaux" or the "Corporation") further to the Corporation's press release of February 16, 2016, the Corporation announces that the Partner it was in discussions with in respect of the Corporation's Jersey Emerald Property ("Property") has withdrawn from the their letter of intent with Margaux and will not be proceeding with either phase of their development of Read More

  • DuSolo Closes First Tranche of Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 30, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES DuSolo Fertilizers Inc., (TSX VEMTURE:DSF) ("DuSolo" or "the Company") is pleased to announce that it has closed the first tranche of its non-brokered private placement ("the Private Placement") previously announced on April 19, 2016. "We are very encouraged by the strong support we are recieving Read More

  • Eureka closes first tranche of private placement

    VANCOUVER, April 29, 2016 /CNW/ - Eureka Resources Inc. ("Eureka" or the "Company") (TSXV: EUK) announced today that it has closed the first tranche of its non-brokered $400,000 private placement of 5,333,333 units (the "Units") at $0.075 per Unit (the "Offering"). Each Unit will consist of one common share (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase Read More

  • Meadow Bay Gold Closes Private Placement And Announces Increase In Size Of Private Placement Subject To Shareholder Approval

    Vancouver, BC / TheNewswire / April 29, 2016 Meadow Bay Gold Corporation ("Meadow Bay Gold" or the "Company") (TSX: MAY) (OTCQB: MAYGF) (Frankfurt: 20M, WKN A1C3DN) is pleased to announce the closing of a non-brokered private placement financing (the "Private Placement") consisting of the sale of 4,076,668 units ("Units") at a price of $0.06 per Unit, raising gross proceeds of $244,600.08. Each Unit consists of one common share Read More

  • King’s Bay Gold Corporation Announces Closing of Private Placement

    Vancouver, British Columbia (FSCwire) - Kings Bay Gold Corporation (TSXv: KBG) (“King’s Bay” or the “Company”) announces that it has closed a private placement of 153,834,320 shares at a price of $0.005 per share for proceeds of $771,671.60. The shares issued pursuant to the private placement are subject to a statutory hold period expiring four months and one day after August 27, 2016. Insiders of the Company Read More

  • Northern Graphite Grants Stock Options

    OTAWA, ONTARIO--(Marketwired - April 29, 2016) - Northern Graphite Corporation (TSX VENTURE:NGC) ("Northern" or the "Corporation") announces that subsequent to the recent expiration (on April 18, 2016) of stock options to purchase 2,025,000 common shares of the Corporation at a price of $0.50 per share held by certain senior officers and non-executive directors of the Corporation, it has granted stock options to purchase 3,050,000 common shares of the Read More

  • Komet Resources Inc.: Closing of the First Tranche of a Private Placement

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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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