• Sprott Resource Corp. Announces Agreement for $200 Million Private Placement by Long Run Exploration Ltd.

    TORONTO, Aug. 4, 2015 (GLOBE NEWSWIRE) -- Sprott Resource Corp. ("SRC" or the "Company") (TSX:SCP) announced today that Long Run Exploration Ltd. ("Long Run"), in which SRC holds a 11.9% equity interest, has entered into an agreement for a private placement of Long Run common shares to Maple Marathon Investments Limited ("Maple Marathon") for gross proceeds of approximately $200 million (the "Private Placement"). Maple Marathon is owned Read More

  • General Moly Announces Second Quarter 2015 Results

    LAKEWOOD, Colo.--(BUSINESS WIRE)--General Moly, Inc. (the "Company" or “General Moly”) (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration, and mining company, announced its unaudited financial results for the second quarter ended June 30, 2015. Net loss for the three months ended June 30, 2015 was $6.8 million ($0.07 per share), compared to a loss of $2.8 million ($0.03 per share) for the year Read More

  • Newmont Adds Profitable Gold Production with Completion of Cripple Creek & Victor Acquisition

    DENVER--(BUSINESS WIRE)--Newmont Mining Corporation (NYSE: NEM) (“Newmont” or “the Company”) has completed the acquisition of the Cripple Creek & Victor (“CC&V”) gold mine in Colorado from AngloGold Ashanti Ltd. for US$820 million, plus a 2.5 percent net smelter return royalty on potential future gold production from underground ore. "CC&V is a value accretive acquisition that adds profitable production and free cash flow while improving our portfolio Read More

  • Guyana Goldfields Inc. Pours First Gold at its Aurora Gold Mine

    TORONTO, Aug. 4, 2015 /CNW/ - Guyana Goldfields Inc. (TSX:GUY) (the "Company" or "GGI") is pleased to announce that first gold production has been achieved on-time and on-budget at its Aurora Gold Mine (the "Project") in Guyana, South America. First gold production was attained through the gravity and saprolite production circuits which allowed for earlier gold production (pre-commercial production) through the processing plant. Initial start-up gold was Read More

  • Buffalo Coal Corp. - Fall of Ground at Magdalena Mine

    TORONTO, Aug. 4, 2015 /CNW/ - Buffalo Coal Corp. (TSX:  BUF;  JSE: BUC) ("Buffalo" or "the Company") advises shareholders of a fall of ground at its Magdalena underground mine in South Africa's Kwa-Zulu Natal Province. No employees were affected by the incident, and the partial loss of raw coal production is anticipated to be less than two weeks. The fall of ground occurred in a worked out Read More

  • Banks Island Gold Suspends Operations at Yellow Giant

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Banks Island Gold Ltd. (TSX VENTURE:BOZ) (the "Company") updates status at the Company's 100% owned Yellow Giant Gold Mine ("Yellow Giant"), located on Banks Island, British Columbia and provides information for the quarter March 1st to May 31, 2015. Mining Operations Suspended: The Company announces it has suspended all operations at the Yellow Giant Mine as at July 31st 2015 Read More

  • Ivanhoe Mines and Zijin Mining Group Extend Completion Date for Zijin's Planned Investment in the Kamoa Copper Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Robert Friedland, Executive Chairman of Ivanhoe Mines Ltd. (TSX:IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that, in accordance with the terms of their existing agreement, Ivanhoe and Zijin Mining Group Co., Ltd. have agreed to extend the date for completion of Zijin's planned investment in Ivanhoe's Kamoa Copper Project in the Democratic Republic of Congo. The closing date Read More

  • Columbus Gold Files Final PEA Report on Montagne d'Or Gold Deposit, Paul Isnard Project, French Guiana

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Columbus Gold Corporation (TSX VENTURE:CGT)(OTCQX:CBGDF) ("Columbus Gold") announces further to its news release dated July 8, 2015, it has filed a final NI 43-101 technical report dated July 31, 2015 prepared by SRK Consulting (U.S.) Inc. of Denver, CO entitled "Amended NI 43-101 Technical Report, Preliminary Economic Assessment Montagne d'Or Gold Deposit, Paul Isnard Project, Commune of Saint-Laurent-du-Maroni, NW French Read More

  • Seabridge Gold Pilot Plant Successfully Treats Selenium in KSM Water

    TORONTO, Aug. 4, 2015 /CNW/ - Seabridge Gold announced today that it has successfully completed a pilot plant evaluation of a new process for the removal of selenium from waters from Seabridge's wholly-owned KSM Project located in northwestern BC.  The pilot plant was constructed and operated by BioteQ Environmental Technologies, Inc. ("BioteQ") an independent Vancouver, BC based company, using their patent-pending Selen-IXTM treatment technology. In doing so, Read More

  • Roxgold receives signed Mining Convention and provides Yaramoko development update

    TORONTO, Aug. 4, 2015 /CNW/ - Roxgold Inc. (ROG: TSX.V) ("Roxgold or the "Company") is pleased to report that it has received the signed Mining Convention confirming the previously announced Presidential Decree as issued in accordance with the 2003 Burkina Faso Mining Code. In addition, the Company provides an update of the ongoing development of the Yaramoko Gold Project. Highlights: Signed Yaramoko Mining Convention received from the Read More

  • Lake Shore Gold Acquires Significant Equity Interest in IDM Mining Ltd.

    TORONTO, ONTARIO--(Marketwired - Aug. 4, 2015) - Lake Shore Gold Corp. ("Lake Shore Gold" or the "Company") (TSX:LSG)(NYSE MKT:LSG) today announced that the Company has acquired 7,500,000 common shares of IDM Mining Ltd. ("IDM") and warrants to acquire an additional 20,000,000 common shares of IDM, representing 31.2% of the outstanding shares of IDM on a partially diluted basis. Together with IDM shares already held by Lake Shore Gold, Read More

  • Redhawk Announces Convertible Debenture Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX:RDK)(FRANKFURT:QF7) is pleased to announce that it is proceeding with a non-brokered private placement (the "Private Placement") of up to 190 convertible debentures ("Debentures") at a price of US$1,000 per Debenture to raise gross proceeds of up to Read More

  • Magellan Announces $500,000 Non-Brokered Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce the offering of a non-brokered private placement financing of 10,000,000 units (the "Units") of Magellan at a price of $0.05 per Unit, for gross proceeds of up to $500,000. Each Unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable into one additional Read More

  • Alexco to Release Second Quarter 2015 Results on August 11, 2015

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Alexco Resource Corp. (NYSE MKT:AXU)(TSX:AXR) today advises that it will release its second quarter 2015 financial results after the close of market trading on Tuesday, August 11, 2015 followed by an audio webcast conference call to review those results at 11:00 a.m. Eastern (8:00 a.m. Pacific) on Wednesday, August 12, 2015. To participate in the live call, please use one Read More

  • Hecla to Participate at the Jefferies Industrials Conference

    COEUR D’ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company’s (NYSE:HL) President and CEO, Phillips S. Baker, Jr., will present at the Jefferies Industrials Conference in New York on Wednesday, August 12, 2015, at 2:40 p.m. ET. A webcast of the presentation will be available at A webcast link and PDF of the presentation will also be available on the Company’s website at The presentation will include second Read More

  • Kerr Mines Issues Correction to July 31, 2015 Press Release

    TORONTO, ONTARIO--(Marketwired - Aug. 4, 2015) - Kerr Mines Inc. ("Kerr" or the "Company") (TSX:KER) would like to issue a correction to its news release disseminated on July 31, 2015, to provide detailed results of the vote for election of directors at the annual and special meeting of shareholders (the "Meeting") of the Company held on July 6, 2015, in compliance with Section 461.4(b) of TSX Company Manual. Read More

  • NioCorp Announces Second Preliminary Economic Assessment

    CENTENNIAL, COLORADO--(Marketwired - Aug. 4, 2015) - NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB)(OTCQX:NIOBF)(FRANKFURT:BR3), is pleased to announce that it has completed a second Preliminary Economic Assessment (PEA2) for its Elk Creek Niobium Project. The Company will hold an investor call on August 17, 2015 to discuss the preliminary details and the full report will be available for download on the Company's website within 45 days. Highlights Read More

  • Yorbeau Resumes Diamond Drilling at the Scott Lake Project

    MONTRÉAL, QUÉBEC--(Marketwired - Aug. 4, 2015) - Yorbeau Resources Inc. (TSX:YRB.A) (the "Company" or "Yorbeau") is pleased to announce that drilling at the Scott Lake Project in the Chibougamau mining camp of Quebec resumed today with one drill rig. The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, Read More

  • Yorbeau reprend ses travaux de forage à son projet Scott Lake

    MONTRÉAL, QUÉBEC--(Marketwired - 4 août 2015) - Les Ressources Yorbeau Inc. (TSX:YRB.A) (la « Société » ou « Yorbeau ») est heureuse d'annoncer que le forage au projet Scott Lake dans le camp minier Chibougamau au Québec a recommencé aujourd'hui avec une foreuse. La propriété Scott Lake, détenue à 100 % par Yorbeau, est déjà l'hôte d'un certain nombre de lentilles de sulfures massifs polymétalliques. Celles-ci représentent des ressources Read More

  • Suparna Announces Appointment of New CFO

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Suparna Gold Corp. ("Suparna") (TSX VENTURE:SUG) is pleased to announce that, subject to the approval of the TSX Venture Exchange, David Hughes has been appointed to succeed Lesia Burianyk as Chief Financial Officer of the Company, effective July 31, 2015. The Company would like to thank Ms. Burianyk for her services to the Company and wishes her the best in Read More

  • Declan Announces Appointment of New CFO

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Declan Resources Inc. ("Declan" or the "Company") (TSX VENTURE:LAN) is pleased to announce that, subject to the approval of the TSX Venture Exchange, David Hughes has been appointed to succeed Lesia Burianyk as Chief Financial Officer of the Company, effective July 31, 2015. The Company would like to thank Ms. Burianyk for her services to the Company and wishes her Read More

  • In Memoriam: Ian Bryans 1953 - 2015

    TORONTO, ONTARIO--(Marketwired - Aug. 4, 2015) - Eastmain Resources Inc. (TSX:ER) The management and directors of Eastmain Resources are greatly saddened by the sudden passing of Mr. Ian Bryans. Ian passed away peacefully, surrounded by his loving family, on August 1, 2015. We offer our sincere condolences to his wife Lynn and their sons Matt and Shane, his parents Bill and Helen and sisters Wendy and Martha, and Read More

  • TerraX Discovers New Mineralized Zones at Yellowknife City Gold Project; Assays Include 2 m @ 21.4 g/t Au in Chip Sample From Vein Near Shear 17

    YELLOWKNIFE, NORTHWEST TERRITORIES--(Marketwired - Aug. 4, 2015) - TerraX Minerals Inc. (TSX VENTURE:TXR)(FRANKFURT:TX0)(OTC PINK:TRXXF) has received initial results from an extensive summer exploration program still underway on its Yellowknife City Gold Project ("YCG"), immediately north of Yellowknife in the Northwest Territories. Specific prospecting results include: i) Chip sampling of a gold bearing vein discovered in 2014 returned 2 m @ 21.4 g/t Au near the Shear 17 structure east Read More

  • IDM Mining Announces Results of Shareholders' Meeting and Investment by Lake Shore Gold

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES IDM Mining Ltd. (TSX:IDM) ("IDM" or the "Company") is pleased to announce results of the Company's general meeting ("Meeting") of shareholders held on July 28, 2015 and the issuance of securities to Lake Shore Gold Corp ("Lake Shore") pursuant to the restructured agreement announced Read More

  • Anaconda Acquires Corkscrew Property; Doubles Land Position Along the Goldenville Trend at the Point Rousse Project

    TORONTO, Aug. 4, 2015 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) is pleased to report that, effective July 25, 2015, the Company entered into an option agreement with Seaside Realty Ltd. ("Seaside") to acquire a 100% undivided interest in the Corkscrew gold property ("Corkscrew"), consisting of a 346.4-hectare mining lease contiguous to Anaconda's Point Rousse Project on the Ming's Bight Peninsula in the Read More

  • Royal Nickel Signs MOU for EPC Proposal with Duro Felguera-Ausenco Alliance

    TORONTO, Aug. 4, 2015 /CNW/ - Royal Nickel Corporation ("RNC") (TSX: RNX) is pleased to announce that it has executed a memorandum of understanding ("MOU") with a joint venture of Duro Felguera S.A. ("DF") and its strategic alliance partner Ausenco Canada ("Ausenco"), pursuant to which DF-Ausenco will perform the work required to complete an EPC Lump Sum Turnkey Proposal ("EPC Proposal") for the Dumont Nickel Project. RNC has Read More

  • Red Eagle Mining Extends Offer to Acquire CB Gold

    VANCOUVER, August 4, 2015 /CNW/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) announces that it is extending the expiry of its share exchange takeover bid (the "Offer") to acquire all of the issued and outstanding common shares ("Shares") of CB Gold Inc. ("CB Gold") from August 5, 2015 to August 31, 2015.  This will make the Offer a 'permitted bid' under CB Gold's Read More

  • Copper North Drilling Expands Copper Mineralization at Carmacks Project, Yukon

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE:COL) has completed eight drill holes in the 2000S Zone, at Carmacks Project, to provide the additional information required to estimate new mineral resources of oxide and sulphide mineralization. Previous resource inventories have been limited to the proposed open pit area that consists of Zones 1, 4, 7 and 7a. Read More

  • Scorpio Gold Reports Results from 2015 Expansion Drilling at the Brodie Satellite Deposit, Mineral Ridge Project, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports initial results from its 2015 expansion drilling in the Brodie deposit target area at its70% owned Mineral Ridge project, located in Nevada. The 2015 expansion program at Mineral Ridge includes infill, development and exploration drilling to expand and upgrade the current mineral reserve and resource base and potentially extend Read More

  • Avino Silver & Gold Mines Ltd.: Second Quarter 2015 Financial Results to be Released on August 18, 2015

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM)(NYSE MKT:ASM)(FRANKFURT:GV6) ("Avino" or "the Company") is pleased to announce that its second quarter 2015 financial results will be released on Tuesday, August 18, 2015. Furthermore, the Company will be holding a conference call to review its financial results for the second quarter of 2015 on Wednesday, August 19, 2015 at 8 am Read More

  • Carlisle Goldfields Announces Infill Drill Results on the Farley Lake Mine Project, Including 16.4 g/t Gold Over 9.3m

    TORONTO, ONTARIO--(Marketwired - Aug. 4, 2015) - Carlisle Goldfields Limited ("Carlisle" or the "Company") (TSX:CGJ)(OTCQX:CGJCF) announces the results of a quarterly feasibility update from joint venture partner Alamos Gold Inc. (TSX:AGI)(NYSE:AGI). These include interim results from an initial 4,841.2m of drilling in 38 holes on the 2015 feasibility-level Infill drill program at the Farley Lake Mine Project (Table 1). While several holes were also dedicated to condemnation testing Read More

  • Foraco International Reports Q2 2015

    TORONTO and MARSEILLE, France, Aug. 4, 2015 /CNW/ - Foraco International SA (TSX:FAR) (the "Company" or "Foraco"), a leading global provider of mineral drilling services, today reported unaudited financial results for its second quarter 2015. All figures are reported in US Dollars (US$), unless otherwise indicated. Three months Q2 2015 Highlights Revenue Q2 2015 revenue amounted to US$ 43.8 million compared to US$ 48.4 million in Q2 Read More

  • Argex achieves short-term milestones and prepares for next steps towards commercialization

    MONTREAL, Aug. 4, 2015 /CNW Telbec/ - Argex Titanium Inc. (TSX: RGX) ("Argex" or the "Corporation"), updated all of its stakeholders today on its progress towards commercialization of its technology, as it pledged to do on a more frequent and ongoing basis five weeks ago at its Annual General Meeting ("AGM"). Consistent with the milestones set-out at the Argex AGM on June 23, 2015, management has reached Read More

  • Eurasian Minerals Options Aguila de Cobre Copper Project to Kennecott Exploration Company

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - (TSX VENTURE:EMX)(NYSE MKT:EMXX) -- Eurasian Minerals Inc. (the "Company" or "EMX") is pleased to announce the signing of an Exploration and Option to Purchase Agreement (the "Agreement"), through its wholly owned subsidiary Bronco Creek Exploration, for the Aguila de Cobre porphyry copper project (the "Project") with Kennecott Exploration Company ("Kennecott"), part of the Rio Tinto Group. The Project is located approximately Read More

  • RETRANSMISSION: Quest Awarded $5M Grant From Sustainable Development Technology Canada (SDTC)

    MONTRÉAL, QUÉBEC--(Marketwired - Aug. 4, 2015) - Quest Rare Minerals Ltd. (TSX:QRM) (Quest) is pleased to announce that it has been awarded a $5 million grant from Sustainable Development Technology Canada (SDTC) to support Quest's operation of a large pilot plant to produce mixed rare earth metal oxides. The objective of the pilot plant project is to establish and confirm the process parameters and in particular Quest's Selective Read More

  • Consolidated Woodjam Copper Arranges Loan Agreement

    August 4, 2015 / TheNewswire / Vancouver, BC - Consolidated Woodjam Copper Corp. (TSX-V: WCC) is pleased to announce that is has negotiated a private loan for the amount of $100,000 from one investor. The term of the loan agreement is for a period of three years bearing an interest rate of 10% per annum. No finder's fees, bonuses or commissions are payable with respect to the loan, and Read More

  • Continental Gold Appoints Mateo Restrepo Villegas as Executive Vice-President

    TORONTO, ONTARIO--(Marketwired - Aug. 4, 2015) - Continental Gold Inc. (TSX:CNL)(OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce the appointment of Mateo Restrepo Villegas as Executive Vice-President, effective August 12, 2015. He will be based in the Company's office in Medellín, Colombia. Mr. Restrepo has extensive Colombian experience in mining, infrastructure, banking and government relations. Most recently, Mr. Restrepo was Vice-President of Corporate Affairs at Prodeco Group Read More

  • PanTerra Provides Notice on the Option Agreement for New Polaris Gold Mine Project

    Vancouver, British Columbia (FSCwire) - August 4, 2015 – Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) announces it has received notice from PanTerra Gold (British Columbia) Limited (“PGBC”), a wholly owned subsidiary of PanTerra Gold Limited, Australia (ASX: PGI) (“PanTerra”) requesting an extension to the current option agreement on New Polaris Gold Project. PanTerra has informed Canarc that will not be able to commit to further Read More

  • Corvus Gold Files NI 43-101 Technical Report and Preliminary Economic Assessment for its North Bullfrog Project, Nevada

    VANCOUVER, Aug. 4, 2015 /CNW/ - Corvus Gold Inc. ("Corvus" or the "Company") - (TSX: KOR, OTCQX: CORVF) announces the filing of an independent NI 43-101 technical report and preliminary economic assessment ("PEA") for its 100% owned North Bullfrog Project, Nevada to support the Company's announcement on June 16, 2015 of the results of the PEA.  There are no material differences between the June 16, 2015 news release Read More

  • Atna Resources Ltd. Reports Second Quarter 2015 Results

    GOLDEN, Colo., Aug. 4, 2015 /CNW/ -- Atna Resources Ltd. ("Atna" or the "Company") (TSX:ATN / OTCQB:ATNAF) today reported financial and operating results for the second quarter ended June 30, 2015. Unless otherwise designated, all amounts are in U.S. dollars. Additional details may be found in the MD&A and Financials filed on SEDAR and EDGAR or on our website at Atna operates the Pinson Underground gold mine ("Pinson Read More

  • TVI's Philippine Affiliate JV Completes Four Shipments of Nickel Ore in July 2015 at the Agata Nickel Laterite Project

    CALGARY, Aug. 4, 2015 TVI Pacific Inc. (TSX:TVI) (OTCQB:TVIPF) ("TVI" or "the Company") and TVI's Philippine affiliate, TVI Resource Development (Phils.), Inc. ("TVIRD"), announce that Agata Mining Ventures Inc. ("AMVI"), a joint venture company in which TVIRD holds a 60% interest and is the operator, has completed four shipments of nickel ore in the month of July for gross proceeds of US$3.29 million from the Agata Read More

  • Peruvian Precious Metals Corp. Announces Shares for Debt Settlement

    Vancouver, British Columbia (FSCwire) - Peruvian Precious Metals Corp. (the "Company") is pleased to announce that it has agreed to settle US$104,000 of interest accrued on a US$800,000 convertible debenture issued on August 15, 2014. As the principal owed on the debenture has been converted to common shares pursuant to the debenture, the Company will issue a total of 13,907,693 common shares to the debentureholder at a Read More

  • Altima Increases Production at Chambers-Ferrier, Alberta

    Vancoouver, BC / TheNewswire / August 4, 2015 - Altima Resources Ltd. (TSX-V: ARH / FSE: AKC / OTC Pink: ARSLF) announces it has increased production at Chambers-Ferrier, Alberta. On July 31, 2015, the Company commenced production of the UNE Chambers 3-17-41-11 W5M well (refer to November 4, 2014 Press Release). Altima, through its joint venture with Acumen Energy Partners Inc., completed work-over and flow-testing operations of the 3-17 well in Read More

  • Continental Precious Minerals Inc. Announces Change in Chairman

    TORONTO, ONTARIO--(Marketwired - Aug. 4, 2015) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS. Continental Precious Minerals Inc. (TSX:CZQ) (the "Company", or "Continental") is pleased to announce the appointment of a new Chairperson of the Board. Dave Pryce, the heading of global government relations for D2L, assumes the position effective today. Mr. Pryce replaces Rana Vig, who relinquishes the Chairperson Read More

  • Medallion Appoints Agent to Source South-East Asian Monazite

    VANCOUVER, BC--(Marketwired - August 04, 2015) - Medallion Resources Ltd. (TSX VENTURE: MDL) (OTC PINK: MLLOF) ("Medallion" or the "Company"), today announced that it has appointed GHC Minerals Ptd. Ltd. ("GHC") of Perth, Australia to source monazite sand concentrates from suppliers in South-East Asia. GHC is now actively working on the logistical and contractual issues required for the delivery of large sample lots and later commercial-scale shipments from Read More

  • Klondex Discovers New Veins at Fire Creek; Intercepts 9.1 g/t (0.266 opt) Au over 17.1 m (56.0 ft)

    VANCOUVER, BC--(Marketwired - August 04, 2015) - Klondex Mines Ltd. (TSX: KDX)(OTCQX: KLNDF) ("Klondex" or the "Company") provides an update on recent drill results from underground and surface core drilling at its Fire Creek gold project in northern Nevada (FIGURE 1). The intent of this drilling was to increase the mineral resources by stepping out vertically and laterally on known veins to the West and follow up on Read More

  • Alliance Appoints Andrew Daniels, P. Geo as Interim President

    Vancouver, British Columbia--(Newsfile Corp. - August 4, 2015) - ALLIANCE MINING CORP (TSXV: ALM), is pleased to announce the appointment of Andrew Daniels, P. Geo as the Interim President of the Company. Mr. Daniels has over 30 years international experience in the mining industry with some of the world's leading companies. This experience includes 4.5 years in capital markets and mining finance as a consultant and later as Read More

  • Clean Power Plan to Boost Nuclear Power in USA

    GREENWOOD VILLAGE, COLORADO--(Marketwired - Aug. 4, 2015) - AZARGA URANIUM CORP. (TSX:AZZ)(OTC PINK:PWURF)(FRANKFURT:P8AA) ("Azarga" or the "Company") welcomes the recognition of the important role of nuclear in the reduction of CO2 as stated in the Clean Power Plan (the "Plan") announced on 3 August 2015 by President Obama and the Environmental Protection Agency of the USA. A core element of the Plan allows US states to take credit Read More

  • Asia Now Resources Corp. Receives Notice of Secured Loan Default

    TORONTO, ONTARIO--(Marketwired - Aug. 4, 2015) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Asia Now Resources Corp. (TSX VENTURE:NOW) ("Asia Now" or the "Company") announces that China Gold Pte. Ltd. ("China Gold") has provided Asia Now with notice of default dated July 31, 2015 (the "Notice") on its secured loan for failure to repay the aggregate amount outstanding of Read More

  • Macarthur Minerals' Notice of Annual General Meeting

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Macarthur Minerals Limited (TSX VENTURE:MMS)(OTCQX:MMSDF) (the "Company" or "Macarthur Minerals") announces that it has filed its Notice of Annual General Meeting, Management Information Circular and related proxy materials with Canadian securities regulators in preparation for the Company's Annual General Meeting on August Read More

  • Fission 3.0 Discovers Anomalous Radioactivity at Clearwater West

    KELOWNA, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - FISSION 3.0 CORP. (TSX VENTURE:FUU) ("Fission 3" or "the Company") and its Joint Venture (JV) partner, Canex Energy Corp., (TSX VENTURE:CSC), are pleased to announce results from the first three summer drill holes at their Clearwater West property, immediately adjacent and to the south of Fission Uranium Corp's ("Fission") PLS property, in the south-west region of Saskatchewan's Athabasca Basin, home Read More

  • Global Cobalt Granted Order From Supreme Court For Plan of Arrangement to Spin-Out Global Energy Metals

    VANCOUVER, BC / TheNewswire / AUGUST 4th, 2015 / GLOBAL COBALT CORP. (TSXV:GCO, OTCBB:GLBCF, FRA:3P0) ("Global Cobalt" and/or the "Company") is pleased to announce that on July 31st, 2015 the Supreme Court of British Columbia granted an interim order (the "Interim Order") authorizing and directing Global Cobalt to call, hold and conduct the Annual General and Special Meeting (the "Meeting") and to submit the plan of arrangement (the "Arrangement") Read More

  • Canadian International Minerals Inc. Announces Regulatory Decision

    Vancouver, British Columbia / TheNewswire / August 4, 2015, - Canadian International Minerals Inc. ("CIN", the "Company") (TSXV: CIN) is pleased to announce that the government of Saskatchewan has granted regulatory relief for four of the Company's diamond properties in northern Saskatchewan. The regulatory decision follows government reviews and legal submissions made by the Company with respect to the forest fire situation in Saskatchewan. The relief granted through this Read More

  • Aston Bay Holdings Commences 2015 Field Program at The Storm Property

    Vancouver, British Columbia / TheNewswire / August 4, 2015 - Aston Bay Holdings Ltd. (TSX-V: BAY) ("Aston Bay" or the "Company") today announced that it has commenced the 2015 field program at the Storm Property located on Somerset Island in Nunavut Territory. The goal of the 2015 field program is to obtain gravity data over compelling, kilometre-scale conductivity anomalies such as the SE Anomaly (see news release dated May Read More

  • Additional Surface Gold/Silver Sampling Results Announced for the Hercules Project, Nevada

    Vancouver, BC / TheNewswire / August 4, 2015 - Iconic Minerals Ltd. (the "Company" or "Iconic") ((TSX-V: ICM) (FSE: YQG) announces it has received initial outcrop rock chip channel sampling results for the Loaves and Northeast targets at its Hercules Project ("Hercules"), located approximately 17 km (10.6 miles) east-southeast of the Comstock District in Lyon County, Nevada. Like the results from the two targets released to date (see July Read More

  • Wide Kate Lens Up-dip Intercept: 34.0m @ 20.8% ZnEq

    Sydney, Australia (FSCwire) - Heron Resources Limited (“Heron” or the “Company”) is pleased to report further strong results from the second phase of diamond drilling at its wholly owned Woodlawn Project, located 50km northeast of Canberra and 250km southwest of Sydney, in New South Wales, Australia.  This drilling forms a key input into the fully funded Feasibility Study, which is expected to be completed in the first Read More

  • Gabriel Resources Ltd.: Second Quarter Report

    TORONTO, ONTARIO--(Marketwired - Aug. 3, 2015) - Gabriel Resources Ltd. (TSX:GBU) ("Gabriel" or the "Company") announces the publication of its Second Quarter Financial Statements and Management's Discussion and Analysis Report for the period ended June 30, 2015. Summary On July 21, 2015, Gabriel filed a request for arbitration against Romania before the World Bank's International Centre for Settlement of Investment Disputes ("Request for Arbitration"). This action relates to Read More

  • First Nickel Reports Incident at Lockerby Mine

    TORONTO, ONTARIO--(Marketwired - Aug. 3, 2015) - First Nickel Inc. ("First Nickel", "FNI" or the "Corporation") (TSX:FNI) announces that an explosion was experienced underground at the Lockerby mine on Sunday morning. One worker, who experienced minor injuries and smoke inhalation completed a medical assessment and is now at home. Three workers were checked for smoke inhalation and released without medical treatment. The Company is investigating the cause of Read More

  • Vior Announces the Closing of a Financing and an Exploration Update on the Foothills Rutile Project, in St-Urbain, Quebec

    QUÉBEC CITY, CANADA--(Marketwired - Aug. 3, 2015) - SOCIÉTÉ D'EXPLORATION MINIÈRE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5) - is pleased to announce the closing of a non-brokered private placement (the "Offering") of 555,555 units (the "Units") at a price of $0.09 per Unit for total gross proceeds of $50,000. Each Unit consists of one common share and one-quarter of a common share purchase warrant. Each whole warrant entitles the holder to Read More

  • Gespeg Acquires Cap-Chat Copper Project in the Gaspe Peninsula

    SASKATOON, SASKATCHEWAN--(Marketwired - Aug. 3, 2015) - GESPEG COPPER RESOURCES INC. (TSX VENTURE:GCR) (the "Company" or "Gespeg") is pleased to announce that it has entered into a purchase agreement (the "Agreement") with Mr. Daniel Lepage and Mr. Pierre Ross, both arm's length parties to the Company (together the "Vendors" and individually a "Vendor"), to acquire a 100% undivided interest to 12 mineral claims on the North portion of Read More

  • Centerra Gold Issues Statement Regarding Len Homeniuk

    TORONTO, ON--(Marketwired - August 03, 2015) - Centerra Gold Inc. (TSX: CG) has been made aware that Leonard Homeniuk, who served as President and CEO of Centerra Gold from 2004 to 2008, has been detained by the authorities in Bulgaria, apparently at the request of Kyrgyz Republic authorities.Mr. Homeniuk retired from Centerra in June 2008. Centerra has not received notice from either the Bulgarian or Kyrgyz authorities regarding Read More

  • Energy Fuels Completes Expansion of its Roca Honda Uranium Project in New Mexico

    LAKEWOOD, COLORADO--(Marketwired - Aug. 3, 2015) - Energy Fuels completes acquisition of key mineral properties adjacent to its Roca Honda Project in New Mexico. The Roca Honda Project is one of the largest and highest-grade uranium projects in the U.S., and is located adjacent to General Atomics' Mount Taylor uranium mine. The properties acquired contain significant historical uranium resources, additional exploration potential, and the availability of existing historic Read More

  • SouthGobi Resources to Announce Interim Financial Results for the Three and Six Months Ended June 30, 2015 on August 13, 2015

    HONG KONG, CHINA--(Marketwired - Aug. 3, 2015) - The board of directors of SouthGobi Resources Ltd. (TSX:SGQ) (HKSE:1878) (the "Company") will meet on Thursday, August 13, 2015 to consider and approve the interim financial results of the Company and its subsidiaries for the three and six months ended June 30, 2015. These financial results will be released before TSX market open. The Company will host a conference call Read More

  • TriStar to Extend Share Purchase Warrants

    Houston, TX / TheNewswire / August 3, 2015 - TriStar Gold Inc. (the Company) proposes to file notice with the TSX Venture Exchange to extend the expiry date of 19,782,250 share purchase warrants (the "Warrants") to December 21, 2016 from September 7, 2015. 22,079,500 Warrants entitling the holders to purchase a total of 22,079,500 shares were issued as part of a financing conducted in March 2014.The Warrants are exercisable Read More

  • SouthGobi Resources Announces Resignation of Chief Financial Officer

    HONG KONG, CHINA--(Marketwired - Aug. 2, 2015) - SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) (the "Company" or "SouthGobi") today announces that Bertrand Troiano has stepped down as Chief Financial Officer of SouthGobi following a two-year secondment from Rio Tinto which ended on July 31, 2015. Gordon Lancaster, Interim Chair, said "Bertrand did a remarkable job for SouthGobi in trying times. The Board of Directors is highly appreciative and wishes him Read More

  • 1

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

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  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.


Receive Daily Newsletter With
All Morning Press Releases

Gold Royalties LLC


MGX Minerals Inc.

Exchange/Ticker: CSE: XMG
Main Asset: Driftwood Creek
Operating Region: Canada/B.C.
Profile: MGX Minerals is a diversified Canadian mining company engaged in the development of industrial mineral deposits that offer near-term production potential, low barriers to entry and minimal capital requirements. The Company is rapidly advancing it's flagship Driftwood Creek magnesium project towards commerical production... VIEW FULL PROFILE