ALL NEWS RELEASES

  • Cameco Updates Production Outlook for Cigar Lake

    SASKATOON, SASKATCHEWAN--(Marketwired - May 31, 2016) - Cameco (TSX:CCO)(NYSE:CCJ) announced today that the Canadian Nuclear Safety Commission (CNSC) has approved an application by AREVA Resources Canada Inc. (AREVA) to increase the annual licensed production capacity of the McClean Lake milling operation to 24 million pounds of uranium concentrate (U3O8). Ore from Cameco's Cigar Lake mine is milled and packaged at the McClean Lake operation which is majority owned Read More

  • Dominion Diamond Corporation Provides Update on Jay Project Feasibility Study

    YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)--Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) is pleased to provide an update on the progress of a feasibility study (“FS”) on the Jay kimberlite pipe deposit located within the Buffer Zone Joint Venture property in Canada’s Northwest Territories, in which the Company holds a majority interest. The Company has determined that it can maintain continuous production at Ekati Read More

  • Denison Reports McClean Lake Mill Obtains Regulatory Authorization to Produce Up to 24 Mlbs U3O8 Per Year

    TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to report that its 22.5% owned McClean Lake mill has obtained authorization from the Canadian Nuclear Safety Commission ("CNSC") to increase its annual production capacity of uranium ("U3O8") from 13 million to 24 million pounds per year. Located in the infrastructure rich eastern portion of the Athabasca Basin region, in Read More

  • Platinum Group Metals Ltd. Announces More High Grade, Thick Platinum and Palladium Intercepts at Waterberg - Deposit Still Open

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group Metals" or the "Company") reports new platinum, palladium and gold ("3E") assay results for recent drill intercepts completed on the Waterberg Project subsequent to the updated independent resource estimate announced on April 19, 2016. Assay results for two new drill intercepts on the Super T layer have been received as follows: Hole Read More

  • Pretium Resources Inc.: Valley of the Kings Infill Drilling Concludes With More High-Grade Gold Mineralization

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report the remaining results from the underground infill drill program at the Brucejack Project's Valley of the Kings, including six intersections grading greater than 1,000 grams per tonne gold within long intervals of significant gold mineralization. (See Table 1 below for assays.) The 2015/2016 infill drill program was successful Read More

  • ATAC Announces Positive Results of an Updated PEA at the High-Grade Tiger Gold Deposit, Rackla Gold Project, Yukon

    VANCOUVER, BC--(Marketwired - May 31, 2016) - ATAC Resources Ltd. (TSX VENTURE: ATC) is pleased to announce the completion of an updated Preliminary Economic Assessment ("PEA") for the Tiger Deposit, located at the western side of the Company's 100% owned Rackla Gold Project, Yukon. The 2016 PEA has incorporated results of geotechnical and infill drilling conducted in 2015 and metallurgical studies completed in early 2016. Key changes to Read More

  • TomaGold Acquires the Obalski Property and Consolidates its Position in the Chibougamau Mining Camp

    MONTREAL, QUEBEC--(Marketwired - May 31, 2016) - TomaGold Corporation (TSX VENTURE:LOT) ("TomaGold" or the "Corporation") is pleased to announce that it has signed an agreement to acquire the Obalski property from David Malouf and 2736-1179 Quebec Inc.. The property consists of 22 claims and one mining concession covering a total of 344.8 hectares and lies 3 km south of Chibougamau, Quebec. The Obalski property hosts seven separate mineralized Read More

  • Premier enters into US$45 million financing arrangements with Orion with opportunity for up to US$400 million in acquisition or development financing

    THUNDER BAY, ON, May 31, 2016 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) ("Premier", the "Company") is pleased to announce that it has entered into a US$45 Million financing arrangement with ORION MINE FINANCE ("Orion") with the opportunity for up to an additional US$400 Million in acquisition or development financing. The financing arrangement (the "Financing") is comprised of three components (as more fully described below) whereby Orion Read More

  • Red Eagle Mining continues to advance construction of the San Ramon Gold Mine during Q1 2016

    VANCOUVER, May 31, 2016 /CNW/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce financial results for the three months ending March 31, 2016 and business highlights to date, including advancements at Red Eagle Mining's San Ramon Gold Mine in Antioquia, Colombia. Development and Construction of the San Ramon Gold Mine and Mill The overall project is approximately 70% complete (based Read More

  • Gold Standard Begins Drilling at North Dark Star to Follow Up Last Year's Key Oxide Gold Discovery

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV) ("Gold Standard" or the "Company") today reported that drilling has begun with one reverse circulation (RC) rig and one core rig at the North Dark Star target on its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. Another two rigs are currently drilling the North Bullion lower breccia target as announced on May 18, Read More

  • Cameco Plans Summer Drilling at CanAlaska's West McArthur Project

    Vancouver, British Columbia--(Newsfile Corp. - May 31, 2016) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (Frankfurt: DH7N) ("CanAlaska or the Company") is pleased to announce that the first drill hole of Cameco's (Cameco Corporation (TSX: CCO) (NYSE: CCJ) year 1 program at West McArthur (the "Project"), WMA035, has successfully intersected the C10 south structure with strong sandstone alteration in what appears to be the hanging wall of Read More

  • Nevada Sunrise announces Neptune Lithium Project Phase 1 drilling results

    VANCOUVER, May 31, 2016 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce Phase 1 exploration results from its drilling program at the Neptune Lithium Project ("Neptune") located in the southern Clayton Valley of Nevada, USA. Nevada Sunrise completed two exploration holes at Neptune in late March 2016. Drill targets were generated from the integration of the results of: Read More

  • Pangolin Diamonds to Drill Kimberlite Targets at Motloutse Diamond Project, Botswana

    TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin") is pleased to provide an update for the Company's wholly-owned Motloutse Diamond Project ("Motloutse"), located 150 km east of the Orapa Diamond Mine in Botswana. Several aeromagnetic anomalies have been selected for follow-up with soil sampling, ground magnetic and gravity surveys to identify kimberlite drill targets. This program is nearing completion. The Read More

  • Carmax Announces Update on Activities and Start of 2016 Program for Eaglehead Property

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Carmax Mining Corp. ("Carmax") (TSX VENTURE:CXM) is pleased to announce that the 2016 field program on its 100% owned Eaglehead porphyry copper property located in northern British Columbia is expected to commence on or about June 6th, 2016. Highlights of the Phase I work completed to date are outlined below: Phase I Highlights: The drill holes and sample intervals for Read More

  • Orex Hits Silver in a Step-Out Hole 350 Metres West of the Main Zone on the Sandra Escobar Project, Durango, Mexico, Including an Intercept of 46 Metres Grading 156 g/t Silver

    VANCOUVER, May 31, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) ("Orex"), is pleased to announce that the Phase-II diamond drilling program is complete on the Sandra Escobar Project in Durango, Mexico. Assays for eight more drill holes are now available. These include holes SA-16-031 to SA-16-038 in the southeastern region of the project. The Sandra Escobar Project is being advanced by Orex under an option agreement Read More

  • Silver Standard Completes Acquisition of Claude Resources

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Silver Standard Resources Inc. (NASDAQ:SSRI)(TSX:SSO) ("Silver Standard") and Claude Resources Inc. (TSX:CRJ) ("Claude Resources") are pleased to announce that Silver Standard's acquisition of Claude Resources is complete. Paul Benson, President and CEO said, "Adding the Seabee Gold Operation together with Silver Standard's Marigold and Pirquitas mines creates a quality intermediate precious metals producer, having both scale and margin with pro Read More

  • Scientific Metals Acquires the Paradox Basin Lithium Brine Property, Utah

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Scientific Metals Corp. ("STM" or the "Company") (TSX VENTURE:STM)(FRANKFURT:26X)(OTC PINK:NRNDF) is pleased to announce it has entered into an arm's length agreement to acquire a 100 percent interest in the Paradox Basin Lithium Brine property (the "Paradox Property") located in Utah in the western United States. The Paradox Property consists of 334 mineral claims covering approximately 6,000 acres that contain Read More

  • Wallbridge Announces Further Drill Results and Initiates Permitting Process for Potential Bulk Sample on Parkin Properties

    TORONTO, May 31, 2016 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) ("Wallbridge") announces additional drilling results and the initiation of the permitting process, including an environmental baseline study, for a potential bulk sample on its flagship Parkin Properties exploration project in Sudbury, Ontario. The Parkin Properties are being explored for nickel, copper, and platinum group metal mineralization. New Drill Result Highlights*: Drill hole WMP-199 Read More

  • Gensource announces results of a PEA for its Vanguard Project

    SASKATOON, May 31, 2016 /CNW/ - Gensource Potash Corporation ("Gensource" or the "Company") (TSX.V: GSP) is pleased to announce the completion of a Preliminary Economic Assessment ("PEA") for its Vanguard Potash Project ("Vanguard", or "Project") in Saskatchewan. The Vanguard area is the subject of an Asset Purchase Agreement ("APA") with Yancoal Canada Resources and the APA is subject to closing conditions as set out in Gensource's news Read More

  • Panoro Minerals Announces Receipt of Second Early Deposit Payment from Silver Wheaton for the Cotabambas Project, Peru

    VANCOUVER, British Columbia, May 31, 2016 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) and its wholly-owned subsidiary, Panoro Trading (Cayman) Ltd. (“Panoro” or the “Company”) are pleased to announce that they have received the second US$1 million Early Deposit payment as part of the Precious Metals Purchase Agreement (the “Cotabambas Early Deposit Agreement”) with Silver Wheaton (Caymans) Ltd., a wholly owned subsidiary of Silver Wheaton Read More

  • Strongbow Announces Non-Brokered Unit Private Placement Financing Up to $5,000,000

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Strongbow Exploration Inc. (TSX VENTURE:SBW) is pleased to announce a non-brokered private placement financing which will comprise up to 40,000,000 Units at a price of $0.125 per Unit for gross proceeds of up to $5,000,000. Each Unit will consist of one common share and one whole share purchase warrant (the "Subscriber Warrant"). Each Subscriber Warrant will allow the holder to Read More

  • LeadFX Appoints New President and Chief Executive Officer

    TORONTO, ON--(Marketwired - May 31, 2016) - LeadFX Inc. (the "Company" or "LeadFX") (TSX: LFX) is pleased to announce that Robert Scargill, the current Managing Director of LeadFX, has been appointed as President and CEO of LeadFX, effective immediately. The former President and CEO, Wayne Richardson, is stepping down to focus on the development of Enirgi Group's projects, LeadFX's affiliate, but will continue to serve as a member Read More

  • North Arrow Confirms New Diamondiferous Kimberlites at Pikoo, Saskatchewan

    VANCOUVER, BC--(Marketwired - May 31, 2016) - North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to announce initial microdiamond results from the 2016 drilling program at the Pikoo Diamond Project in central eastern Saskatchewan, approximately 10 km north of the road accessible community of Deschambault Lake. These results continue to confirm that all Pikoo kimberlites tested to date are diamondiferous, including new kimberlite PK346. As reported in Read More

  • Redhill Signs Option to Acquire Lincoln Lithium Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Redhill Resources Corp., (TSX VENTURE:RHR), ("Redhill" or the "Company") wishes to announce that it has entered into a property option and assignment agreement (the "Agreement") with a vendor (the "Vendor") to acquire a 100% right, title and interest in and to the Lincoln Lithium Property in Nevada (the "Property"). The Property covers an area of 3200 acres of placer claims Read More

  • East Africa Metals Closes $1 Million Non-Brokered Private Placement

    VANCOUVER, BC--(Marketwired - May 31, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES East Africa Metals Inc. (TSX VENTURE: EAM) (the "Company") announces that it has closed the previously announced non-brokered private placement financing of 10,000,000 units at a price of $0.10 per unit, Read More

  • Lupaka Gold Reports Financial Highlights for the Period Ended March 31, 2016 and Extension of Pandion Financing Mandate

    VANCOUVER, BC--(Marketwired - May 31, 2016) - Lupaka Gold Corp. ("Lupaka Gold" or "the Company") (TSX VENTURE: LPK) (FRANKFURT: LQP) reports its financial results for the three months ended March 31, 2016. The following is taken from the Company's condensed consolidated interim Financial Statements and Management's Discussion and Analysis for the three months ended March 31, 2016, both of which are filed at www.sedar.com under the Company's profile. Read More

  • Gold Resource Corporation Continues Returning High-Grade Drill Intercepts at Switchback Including 9.50 Meters of 8.85 G/T Gold, 669 G/T Silver, 3.15 Meters of 15.79 G/T Gold, 110 G/T Silver and 13.23 Meters of 4.03 G/T Gold, 114 G/T Silver

    COLORADO SPRINGS, CO--(Marketwired - May 31, 2016) - Gold Resource Corporation (NYSE MKT: GORO) (the "Company") today announced additional Switchback drill results from its Aguila Project's Arista Mine. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders Read More

  • Millrock Closes Tranche Two of Non-Brokered Private Placement

    VANCOUVER, BC--(Marketwired - May 31, 2016) - Millrock Resources Inc. (TSX VENTURE: MRO) reports that the final portion of the non-brokered private placement announced on May 4, 2016 has closed and a total of 10,670,660 Units at a price of $0.29 per Unit were issued for gross proceeds of $3,094,491.40. The Company raised a grand total of $3,596,191.40 in this financing. Each Unit consisted of one common share Read More

  • Colorado Increases Non-Brokered Financing to $4.73m and Completes Tranche 2 of $2.09m

    WEST KELOWNA, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - COLORADO RESOURCES LTD. (TSX VENTURE:CXO) ("Colorado" or the "Company") is pleased to announce that, further to its press release of May 19, 2016, it has completed the second tranche of its non-brokered private placement (the "Offering") for aggregate gross proceeds of $2,091,425. The Offering consists of 9,274,931 (non-flow through) units of the Company (the "NFT Units") at an issue Read More

  • Endeavour Mining Announces Notice of Annual General Meeting

    George Town, Grand Cayman, United Kingdom, May 31, 2016 (GLOBE NEWSWIRE) -- Endeavour Mining Corporation (TSX:EDV)(OTCQX:EDVMF) announces that it will hold its Annual General Meeting of Shareholders on Tuesday, June 28, 2016. The Notice of Meeting and Management Information Circular relating to the meeting have been mailed to shareholders and have been filed under the Company's profile at www.sedar.com. Mr. Neil Woodyer has decided not to seek Read More

  • Aurcana Initiates PEA on Shafter Silver Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) Aurcana Corporation is pleased to announce that it has initiated a Preliminary Economic Assessment (the "PEA") in respect of the Company's 100% owned Shafter Silver Project, in Presidio County, Texas. The PEA will provide a base-case assessment for the further development of the existing mineral resource and the recommencement of mining operations Read More

  • Updated Share Capital and Voting Rights for Lundin Mining

    TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) ("Lundin Mining" or the "Company") reports the following, in accordance with the Swedish Financial Instruments Trading Act: As a result of the vesting of employee share units from May 1, 2016 to date, the number of issued and outstanding shares of the Company has increased to 719,636,857 common shares with voting rights as at May 31, 2016. Read More

  • RJK Option Agreement for High Grade Gold Property in Destor-Porcupine Fault Zone

    Kirkland Lake, Ontario--(Newsfile Corp. - May 31, 2016) - RJK Explorations Ltd. (TSXV: RJX.A), ("RJK") is pleased to announce that it has entered into a property option agreement with Globex Mining Enterprises Inc. ("GMX") to acquire a 100% beneficial interest in the mineral property referred to as the Ramp Property ("Ramp") located in the Beatty, Carr, Coulson and Wilkie Townships, Province of Ontario, comprised of 66 unpatented mining Read More

  • Freeport-McMoRan Completes Sale of 13% Interest in Morenci Mine for $1.0 Billion in Cash

    PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed its previously announced sale of a 13 percent interest in its Morenci unincorporated joint venture to Sumitomo Metal Mining Co. Ltd. (SMM) for cash consideration of $1.0 billion. The transaction has an effective date of May 31, 2016. The Morenci unincorporated joint venture is now owned 72 percent by FCX, 15 percent by Sumitomo Metal Read More

  • Cliffs Natural Resources Inc. and ArcelorMittal USA LLC Enter Into New Long-term Iron Ore Supply Agreement through 2026

    CLEVELAND, May 31, 2016 /PRNewswire/-- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it has entered into a new long-term commercial agreement with ArcelorMittal USA LLC to supply tailor-made iron ore pellets for the next ten years through 2026. The new agreement will replace two existing agreements expiring in Dec. 2016 and Jan. 2017 and fill the entirety of ArcelorMittal's pellet purchase requirements from the Read More

  • Wolfden announces closing of $357,500 non-brokered flow-through private placement

    THUNDER BAY, ON, May 31, 2016 /CNW/ - Wolfden Resources Corporation (WLF:TSX-V) ("Wolfden" or the "Company") is pleased to announce that it has completed a previously announced non-brokered private placement (the "Offering") of 3,250,000 flow-through units (the "Flow-Through Units") at a price of $0.11 per Flow-Through Unit for gross proceeds of $357,500. Each Flow-Through Unit consists of one common share of the Company that is a "flow-through Read More

  • Silver Bull to Complete Private Placement of CDN$1,000,000

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - NOT TO BE DISSEMINATED IN THE UNITED STATES Silver Bull Resources, Inc., (TSX:SVB) (OTCQB:SVBL) ("Silver Bull" or the "Company") is pleased to announce its intention to complete the second and final tranche of the non-brokered private placement (the "Private Placement") of units (the "Units") of the Company announced on May 12, 2016. The Units will be issued at a price Read More

  • Kennady Diamonds Completes 2016 Winter Drilling Program

    TORONTO, May 31, 2016 /CNW/ - Kennady Diamonds Inc. ("Kennady Diamonds", the "Company") (TSX-V: KDI) is pleased to announce that the 2016 winter drilling program has been successfully completed. A total of 10,712 meters of core drilling was completed with kimberlite intersected in each of the 74 drill holes comprising the program. Dr. Rory Moore, president and CEO of Kennady Diamonds, noted: "The 2016 winter drill program Read More

  • Rise to Acquire a Group of Gold and Base Metals Properties in British Columbia

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - 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 Rise Resources Inc. (CSE:UPP) (OTC:RYES) ("Rise" or the "Company"), is pleased to announce that it has entered into an agreement with Klondike Gold Corp., a British Columbia company with its common shares Read More

  • Kiska Provides Update on Exploration Activities, Copper Joe Drilling Program Planned for Summer 2016

    VANCOUVER, BC--(Marketwired - May 31, 2016) - Kiska Metals Corporation ("Kiska" or the "Company") (TSX VENTURE: KSK) is pleased to provide an update on recent activities. "Kiska is excited to be entering this period of renewed interest in the resource sector with over $4 million of cash and marketable securities on hand, active option agreements with top-tier companies, drill-ready projects available for option, and a growing royalty portfolio," Read More

  • Typhoon Begins a Prospecting and Channel Sampling Program on the Monexco Project, in Chibougamau

    LAVAL, QUEBEC--(Marketwired - May 31, 2016) - Typhoon Exploration Inc. (TSX VENTURE:TYP) («Typhoon») announces that it has begun exploration work on its Monexco property (100%-owned), located approximately 30 kilometers north-east of the town of Chibougamau, inside the Plan Nord territory. The Monexco property straddles a high potential gold trend over a distance of more than 5 kilometers centered on the France River shear zone. Results delivered by Typhoon Read More

  • Eagle Plains Commences Fieldwork at Vulcan

    Cranbrook, British Columbia (FSCwire) - Eagle Plains Resources Ltd. (TSX-V: “EPL”) has mobilized a field crew to commence geological fieldwork on its Vulcan project located near Kimberley, BC. The Property is owned 100% by Eagle Plains and is considered to hold significant potential to host silver-lead-zinc mineralization similar to that at the world-class Sullivan deposit, located 30km to the east. Portions of the Vulcan property were originally Read More

  • Avarone Receives Drill Permit for its Moab Lithium Brine Project

    Vancouver, B.C. / TheNewswire / MAY 31, 2016 - Avarone Metals Inc. (CSE: AVM) (Frankfurt: W2U1; WKN: A14SVX) (the "Company" or "Avarone") is pleased to announce it has received exploration permits from the Bureau of Land Management, Nevada, to complete up to 20 drill holes on its 100% owned Moab Lithium Project in the South Big Smoky Valley, Nevada. Drilling is to be conducted utilizing Vibracore electric drills, which Read More

  • Blue River Resources Announces Expanded Surface Gold Anomaly and Exploration Plans for 2016 Banlung Project, Cambodia

    Vancouver, British Columbia--(Newsfile Corp. - May 31, 2016) - Blue River Resources Ltd. (TSXV: BXR ) (OTC Pink: BRVRF) (FSE: 0BL) ("Blue River") is pleased to announce that the surface gold anomaly on the Banlung Project, Cambodia has been expanded to 4.37 km2, with a higher gold pan concentrate zone measuring 40 hectares, within the zone. Today's announcement follows a previous release of exploration results on the Banlung Project Read More

  • Nevada Clean Magnesium Extends Closing Date for Convertible Note Financing

    VANCOUVER, BRITISH COLUMBIA / TheNewswire / May 31, 2016 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (The "Company") today announced that the TSX Venture Exchange has granted a 30 day extension for the non-brokered private placement of unsecured convertible notes. The accumulated total from the two tranches has collectively raised $250,000; no finder's fees were paid in connection with the financing. About the Financing Read More

  • Pelangio Reports Annual General Meeting Voting Results and Reports Filing of First Quarter Results for 2016

    TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Pelangio Exploration Inc. (TSX VENTURE:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") announces the voting results from its Annual General Meeting of Shareholders held on May 26, 2016 (the "Meeting"). Pelangio's shareholders voted in favour of all items of business at the 2016 Annual General Meeting held on May 26, 2016. A total of 98,280,521 (42.83%) of Pelangio's common shares were represented at Read More

  • Callinex Expands the Pine Bay East Zone and Intersects 2.3m of 9.3% Zinc Equivalent

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Highlights: An 85m step-out hole from PBM-008, the initial discovery hole, intersected 2.3m of 9.3% zinc equivalent; A total of four holes have intersected mineralization along an approximate 175m strike length; and Plans to complete a deep hole testing the down-plunge extension of the Pine Bay East Zone. Callinex Mines Inc. (the "Company" or "Callinex") (TSX VENTURE:CNX)(OTCQX:CLLXF) is pleased to Read More

  • Detour Gold Provides Update on the Investigation of Employee Death at Detour Lake Mine

    TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") reports that it was charged yesterday, along with three site employees, with offences under the Occupational Health and Safety Act relating to the fatality that occurred at the Detour Lake mine site on June 3, 2015. "In light of the charge previously brought against the Company under the Criminal Code of Canada Read More

  • Viscount Private Placement Update

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF) ("Viscount" or the "Company") is pleased to announce that it has closed today the first tranche of the Brokered Private Placement previously announced in its news release of April 25, 2016, (the "Private Placement") raising gross proceeds of $1,225,000 from the issuance and sale of 2,450,000 Units at a price of $0.50 per share. Each Read More

  • Great Atlantic Resources to Acquire the Golden Promise Gold Property located in Central Newfoundland, Canada

    Vancouver, British Columbia (FSCwire) - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has entered into a letter of intent (the “LOI”) to acquire a 100% interest in the Golden Promise Gold Property, located in central Newfoundland through an option agreement (the “Transaction”). The property hosts multiple gold-bearing quartz vein zones and zones of gold-bearing float boulders, some with reported Read More

  • Margaux Resources Announces Increase in Size of Private Placement Offering and Additional Flow-Through and Debenture Offering

    CALGARY, ALBERTA--(Marketwired - May 31, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Margaux Resources Ltd. (TSX VENTURE:MRL) ("Margaux" or the "Company") is pleased to announce that, further to its press release of May 25, 2016 and subject to receipt of all required regulatory approvals, it intends to increase the size of its previously announced offering of units Read More

  • Dynasty Mining Engages a Financial Advisor to the Special Committee of the Board & Provides a Corporate Update

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2016) - Dynasty Metals & Mining Inc. ("Dynasty" or the "Company") (TSX:DMM) (OTCQX:DMMIF) wishes to announce the engagement of a formal financial advisor to the Special Committee of the Dynasty Board of Directors. Since Dynasty's announcement of the formation of this Special Committee, the committee has been reviewing options with respect to the financial requirements and strategic alternatives for the Company. The Read More

  • Centerra Gold Delivers Notice of Arbitration to Kyrgyz Republic Government

    TORONTO, ON--(Marketwired - May 30, 2016) - Centerra Gold Inc. (TSX: CG) ("Centerra" or the "Company") reports that it has delivered a notice of arbitration (the "Notice") to the Kyrgyz Republic Government in connection with certain ongoing disputes relating to the Kumtor Project. These include: (i) each of the environmental claims brought by the Kyrgyz Republic State Inspectorate Office for Environmental and Technical Safety ("SIETS") and the State Read More

  • Eagle Graphite Incorporated Announces Executive Appointment

    TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Eagle Graphite Incorporated (TSX VENTURE:EGA)(FRANKFURT:NJGP) ("Eagle Graphite" or the "Company") is pleased to announce the appointment of Mr. Alan Grujic, BASc, MBA, as Interim Chief Financial Officer ("CFO") and Corporate Secretary, effective May 31, 2016, subject to customary regulatory approvals. Mr. Grujic replaces Mr. Daryl Wood, who resigned effective May 30, 2016 to focus on the increased demands of his position Read More

  • Kombat Copper Provides Update on Mill Refurbishment

    TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Kombat Copper Inc. (TSX VENTURE:KBT) ("Kombat Copper" or the "Company") and its management team are pleased to provide its shareholders with the following update on EBM Mining Namibia's progress at the Kombat Mine site. Plant Refurbishment and Mining Update Kombat Copper previously reported that refurbishment activities have been progressing well. This status continues and EBM has reported that they have successfully Read More

  • Eastmain Resources Appoints Joe Fazzini as Chief Financial Officer & Vice President Corporate Development

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TORONTO, July 8, 2015 /CNW/ - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) announced today that it has closed the second and final tranche of its non-brokered private placement announced on June 23, 2015.  In total, Marathon issued a total of 3,175,000 flow through shares at a price of $0.30 per share and 9,725,000 units at a price of $0.25 per unit, for aggregate gross proceeds of $3,383,750.  The net proceeds from this financing will be used for exploration work on Marathon's Valentine Gold Camp, including resource expansion drilling at the recently discovered Marathon Deposit area, drill testing new targets, and general corporate purposes.  More particularly, the proceeds from the sale of flow through shares will be expended on qualifying Canadian Exploration Expenses ("CEE") on Marathon's mineral projects before December 31, 2015.

All of the shares issued pursuant to this financing will be subject to a statutory hold period of four months and one day from the closing date.

"The response to our financing has been very strong and has given us a strong treasury to move forward. The majority of the money raised will be used carefully over the remainder of 2015 in advancing the Valentine Gold Camp. The summer program of prospecting, followed by stripping and trenching of the better prospects, is underway in the Marathon and Sprite areas. The first three drill holes have been completed; two on the southwestern extension of the Marathon Deposit and an additional hole that is testing one of the drill targets to the north east of the Marathon Deposit. Both holes in the Marathon Deposit intercepted quartz pyrite tourmaline veins and are awaiting assay results. Drilling will continue to the northeast testing areas of surface gold veining before returning to the Marathon Deposit," said Phillip Walford, President and CEO of Marathon.

About Marathon Gold Corporation

Marathon is a Toronto based gold resource company focused on its 100% owned Valentine Gold Camp located in central Newfoundland. The Valentine Gold Camp currently hosts four near-surface, mainly pit-shell constrained, gold resources totaling 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.83 g/t (Inferred), (April 2015). These resources, open along strike and to depth, cover less than 6% of the total length of the highly prospective Valentine Lake Thrust Fault and associated splay faults which host the majority of the gold mineralization within the property.

Certain of Marathon's exploration expenditures at its mineral properties in Newfoundland are funded by the Government of Newfoundland and Labrador through its Junior Exploration Assistance program. For more information please visit www.marathon-gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to Marathon Gold Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "considers", "intends", "targets", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes.  By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation's public filings, which may be accessed at www.sedar.com.  Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.

SOURCE Marathon Gold Corporation

For further information: Christopher Haldane, Investor Relations Manager, Tel: 1-416-987-0714, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.; Phillip Walford, President and Chief Executive Officer, Tel: 1-416-987-0711, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

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Goldrich Mining Company

Exchange/Ticker: OTCQB: GRMC
Main Asset: Chandalar Gold District
Stage:
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Operating Region: U.S./Alaska
Profile: Goldrich Mining is a U.S. based resource company focused on developing the historic Chandalar gold district in the Ambler Schist belt of central Alaska. Goldrich controls a land package that covers over 22,000 acres of prospective targets and historic mines. The Company is building shareholder value by monetizing placer assets, generating non-dilutive funds, and conducting district-scale exploration... VIEW FULL PROFILE