• Golden Queen Mining Completes C$16.1 Million Bought Deal Financing

    VANCOUVER, July 25, 2016 /CNW/ - Golden Queen Mining Co. Ltd. (TSX:GQM; OTCQX:GQMNF) (the "Company" or "Golden Queen") announces that it has closed its previously announced bought deal offering of units of the Company.  Pursuant to the offering a total of 11,120,000 units of Golden Queen were sold at a price of C$1.45 per unit, for aggregate gross proceeds of C$16,124,000.  The offering was made through a Read More

  • Klondex Mines Signs Agreement to Acquire the Hollister Mine; Announces C$100 Million Subscription Receipt Offering

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Klondex Mines Ltd. (TSX:KDX)(NYSE MKT:KLDX) ("Klondex" or the "Company") is pleased to announce that it has entered into a definitive membership interest purchase agreement (the "Purchase Agreement") with Klondex Holdings (USA) Inc., an indirect wholly-owned subsidiary of the Company ("Klondex USA"), Waterton Nevada Splitter, LLC ("Waterton Splitter") and Waterton Precious Metals Fund II Cayman, LP (together with Waterton Splitter, "Waterton") Read More

  • McEwen Mining Announces Q2 2016 Production Results, Increases Cash and Bullion to $57 Million

    TORONTO, July 25, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce that total production for the second quarter (“Q2”) was 39,555 gold equivalent ounces(1) using a gold to silver ratio of 75:1, or 27,888 gold ounces and 875,006 silver ounces. Production is on target to achieve our 2016 guidance of 144,000 gold equivalent ounces, or 99,500 gold ounces and 3,337,000 silver ounces. Read More

  • Mariana Resources Reports Increased High Grade Gold-Copper Resource and Maiden Zinc Resource at Hot Maden Project

    GUERNSEY, UK, July 25, 2016 (GLOBE NEWSWIRE) -- Mariana Resources Ltd ('Mariana' or 'the Company'), the AIM listed exploration and development company with projects in Turkey and South America, is pleased to announce the results of an Updated Mineral Resource estimate for the high grade gold-copper ('Au-Cu') Hot Maden Project ("HM"), eastern Turkey (Figure 1). The Updated Mineral Resource estimate has been prepared by independent mining consultants Read More

  • Agnico Eagle Announces Additional Investment in Belo Sun

    TORONTO, July 25, 2016 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle") announced today that, on July 22, 2016, Agnico Eagle agreed to purchase 14,922,760 common shares (the "Subject Shares") of Belo Sun Mining Corp. (TSX:BSX) ("Belo Sun") pursuant to Belo Sun's previously announced underwritten public offering of 77,320,000 common shares (the "Offering").  Agnico Eagle will pay Cdn.$0.85 per Subject Share, for total Read More

  • North Arrow Reports Microdiamond Results and Completion of Till Sampling Program at Pikoo, Saskatchewan

    VANCOUVER, BC--(Marketwired - July 25, 2016) - North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to announce additional microdiamond results from the 2016 drilling program at the Pikoo Diamond Project. The Company has also concluded a summer till sampling program at the project, which is located in central eastern Saskatchewan, approximately 10 km north of the road accessible community of Deschambault Lake. The microdiamond results confirm that Read More

  • Alacer Gold Announces Second Quarter 2016 Operating & Financial Results

    TORONTO, July 24, 2016 (GLOBE NEWSWIRE) -- Alacer Gold Corp. (“Alacer” or the “Corporation”) (TSX:ASR) (ASX:AQG) announced today that it has filed its 2016 second quarter operating, financial results and related management’s discussion and analysis (“MD&A”). The corresponding financial statements and MD&A are available on and on All currencies referenced herein are denominated in USD unless otherwise stated. Rod Antal, Alacer’s President and Chief Executive Officer, stated, “Çöpler’s Read More

  • Golden Star Reports Second Quarter 2016 Results

    TORONTO, July 25, 2016 /CNW/ - Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") reports its financial and operational results for the second quarter ended June 30, 2016. Highlights: Gold production of 42,461 ounces during the second quarter of 2016, in line with expectations Consolidated cash operating costs1 of $959 per ounce, in line with expectations, a decrease of Read More

  • Kennady Diamonds Announces Faraday 2 Mini Bulk Sample Diamond Recovery Result

    TORONTO, July 25, 2016 /CNW/ - Kennady Diamonds Inc. ("Kennady Diamonds", the "Company") (TSX-V: KDI) is pleased to announce the diamond recovery results from the 2016 Faraday 2 mini-bulk sample.  The 21.1 tonne sample was recovered from two large diameter reverse-circulation drillholes and was processed by dense media separation ('DMS') at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council ('SRC'), which is accredited to the Read More

  • Armor Minerals Closes $1,000,000 Private Placement

    VANCOUVER, July 25, 2016 /CNW/ - Armor Minerals Inc. (TSX-V: A) ("Armor" or the "Company") is pleased to announce it has closed the previously announced non-brokered private placement of 5,000,000 units at a price of $0.20 per unit for gross proceeds of $1,000,000 (the "Private Placement"). Each unit consists of one common share and one half of one common share purchase warrant. Each whole common share purchase Read More

  • Solitario Exploration & Royalty Reports Results of Annual Meeting of Shareholders

    DENVER--(BUSINESS WIRE)--Solitario Exploration & Royalty Corp. (“Solitario;” NYSE MKT: XPL; TSX: SLR) is pleased to announce the results of its annual meeting of shareholders held on June 14, 2016 in Solitario’s corporate headquarters in Wheat Ridge, Colorado. A total of 31,366,975 common shares, representing approximately 80.0% of common shares, were represented in person or by proxy at the meeting. The five director nominees proposed by management Read More

  • Otis Initiates 2016 Drill Program at Kilgore Gold Project, Idaho

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE:OOO)(OTC PINK:OGLDF) is pleased to announce that it has commenced a first phase 5,500-meter, 20-hole drill program at its flagship Kilgore Gold Project, Clark County, Idaho. This program will be funded from existing capital on hand and funds generated from the recently announced private placement (see News Release dated June 30, 2016 Read More

  • Sherritt International Announces Q2 2016 Results

    TORONTO, ON--(Marketwired - July 25, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S), the world leader in the mining and refining of nickel from lateritic ores, today reported its financial results for the three and six months ended June 30, 2016. "Our Moa JV operations performed well in the quarter Read More

  • Osisko Mining Decreases Equity Interest in ValGold Resources

    TORONTO, ONTARIO--(Marketwired - July 25, 2016) - Osisko Mining Inc. (TSX:OSK) (the "Corporation") announces that, through a series of trades on July 25, 2016, it disposed of an aggregate of 1,000,000 common shares of ValGold Resources Ltd. ("ValGold") through the facilities of the TSX Venture Exchange at an average price of approximately $0.0366 per share for total consideration of $36,000 (the "Transactions"). Immediately prior to the Transactions, the Read More

  • Perseus Mining Provides Activity Report for June 2016 Quarter

    PERTH, WESTERN AUSTRALIA--(Marketwired - July 25, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Perseus Mining Limited ("Perseus" or the "Company") (TSX:PRU)(ASX:PRU) reports on its activities for the three month period ended June 30, 2016 (the "Quarter"). An executive summary is provided below. However, full details of activities in the June Quarter, including reconciled production and all-in site cash Read More

  • Fortuna Silver Mines Reports That Goldrock Shareholders Approve Acquisition

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Fortuna Silver Mines Inc. (NYSE:FSM)(TSX:FVI) is pleased to announce that Goldrock Mines Corp. ("Goldrock") has received overwhelming shareholder approval at the special meeting held today to approve its previously announced acquisition by Fortuna by way of a plan of arrangement (the "Arrangement"). The Arrangement was approved by approximately 99.99% of the votes cast by Goldrock shareholders. On closing of the Read More

  • Bacanora Minerals Announces Board Change

    CALGARY, ALBERTA--(Marketwired - July 25, 2016) - BACANORA MINERALS LTD. ("Bacanora" or the "Company") (TSX VENTURE:BCN) (AIM:BCN) the AIM and TSX Venture Exchange listed lithium and borates company focussed on Mexico, announces that Colin Orr-Ewing is stepping down as Non-Executive Chairman of the Company due to personal reasons. Mr. Orr-Ewing will remain on the Board as a Non-Executive Director. James Leahy, an existing Non-Executive Director of the Company, Read More

  • Hecla Mining Withdraws Bid for Dolly Varden

    COEUR D’ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) today announced the withdrawal and termination of its bid for Dolly Varden Silver Corporation. “We are disappointed with Dolly Varden's expensive debt financing followed by its planned dilutive private placement that effectively acts as a poison pill, raising the cost of acquiring Dolly Varden by more than 50%. Despite withdrawing our bid, Hecla will invest to maintain our 15.7% Read More

  • Nevada Sunrise Receives Drill Permits for Clayton NE and Gemini Lithium Projects in Nevada

    VANCOUVER, July 25, 2016 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce it has received drilling permits from the U.S. Bureau of Land Management (the "BLM") to explore for lithium brines on the Clayton Northeast Project ("Clayton NE")" and the Gemini Project ("Gemini"), both located in the Esmeralda County, Nevada, USA. The BLM has approved up to 6 Read More

  • Eurasian Minerals Reports Government Approval to Advance the Malmyzh Copper-Gold Porphyry Project, Far East Russia

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Eurasian Minerals Inc. (the "Company" or "EMX") (TSX VENTURE:EMX) (NYSE MKT:EMXX) is pleased to report that IG Copper LLC ("IGC") advises that approval to advance the Malmyzh copper-gold project has been received from the Government Commission on Monitoring Foreign Investment (the "Commission") chaired by Prime Minister Dmitry Medvedev. The Malmyzh exploration and mining licenses are held by IGC (51%) and Read More

  • Dundee Precious Metals Announces Power Blackout in Namibia Results in Furnace Outage

    TORONTO, ONTARIO--(Marketwired - July 25, 2016) - Dundee Precious Metals Inc. (TSX:DPM) ("DPM" or "the Company") announced today that a regional power outage has resulted in damage to the refractory lining of the Ausmelt furnace, the repair of which is expected to take approximately three weeks. Subsequent to a power blackout in Namibia at 9:20 pm (West Africa Time) on Friday, July 22, 2016, cooling water entered the Read More

  • Mandalay Resources Provides 2016 Mid-Year Exploration Updates for Its Costerfield, Björkdal, and Cerro Bayo Mines and Its Challacollo Project

    TORONTO, July 25, 2016 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX:MND) is pleased to provide exploration updates for the first half of 2016 at all four of its properties: the three producing properties Costerfield (Australia), Björkdal (Sweden), and Cerro Bayo (Chile); plus the Challacollo (Chile) development project. Figures accompanying this release can be found in an exploration presentation posted on the Company’s website Read More

  • Panoro Minerals Announces the Discovery of a New High-Grade Skarn/Porphyry Zone of Mineralization at its 100% owned Cotabambas Cu/Au/Ag Project, Peru

    VANCOUVER, B.C., July 25, 2016 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) (“Panoro” or the “Company”) is pleased to report the discovery of a new zone of skarn mineralization known as the Chaupec zone.  Three main mineralized zones have been defined over an area of approximately 1-km by 3-km with strong copper values and located 3 to 4 km to the west of the current Read More

  • Avalon Provides Progress Report on the Separation Rapids Lithium Project, Kenora, Ontario

    TORONTO, July 25, 2016 (GLOBE NEWSWIRE) -- Avalon Advanced Materials Inc. (TSX:AVL) (OTCQX:AVLNF) (“Avalon” or the “Company”) is pleased to provide a progress report on the Separation Rapids Lithium Project (“Separation Rapids”) 2016 work program, last updated in the Company’s news release dated May 25, 2016. Avalon remains focused on the lithium chemicals process development work, along with environmental studies, a mineral resource update and the engineering Read More

  • Golden Star Announces US$30 Million Offering of Common Shares

    TORONTO, July 25, 2016 /CNW/ - Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announces that it intends to offer up to US$30.0 million of its common shares in an underwritten public offering (the "Equity Offering"). The Company expects to grant the underwriters of the Equity Offering a 30-day option to purchase additional common shares for additional gross proceeds Read More

  • Golden Star Announces US$65 Million Private Offering of Convertible Senior Notes

    TORONTO, July 25, 2016 /CNW/ - Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announces that it is offering US$65.0 million aggregate principal amount of convertible senior notes due 2021 (the "Notes") pursuant to applicable U.S. and Canadian private placement exemptions. As part of the offering, the Company has entered into exchange and purchase agreements with two holders of Read More

  • Regulus Resources Announces Appointment of Dr. Stewart Redwood as Chief Geologist for the AntaKori Copper-Gold Project, Peru

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Regulus Resources Inc. ("Regulus") (TSX VENTURE:REG) is pleased to announce that Dr. Stewart Redwood has joined the Regulus team as Chief Geologist for the AntaKori copper-gold project in Peru. Dr. Redwood has 35 years of mineral exploration experience, with a focus on copper, gold, silver and Read More

  • Western Potash Corporate Appointments Announcement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Western Potash Corp. (TSX:WPX)(FRANKFURT:AHE) ("Western", "the Company") is pleased to announce the following corporate updates. The appointments to management detailed below include the appointments to the positions of Milestone Potash Project Director, Senior Vice President of Business Development, Director of Administration in addition to a new external auditor. The Company is pleased to appoint Dr. Matthew Wood as Western's Project Read More

  • K92 Mining Closes $2,000,000 Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - K92 Mining Inc. (the "Company" or "K92") (TSX VENTURE:KNT) is pleased to announce that it has closed the non-brokered private placement announced on July 21st, 2016, consisting of the issuance of 1,709,402 units (the "Units") at $1.17 per Unit for gross proceeds of $2,000,000 (the "Financing"). All securities issued pursuant to the Financing are subject to a four month hold Read More

  • Sherritt Notes Maturity Extension Supported by Over 99% of Votes Cast

    TORONTO, ON--(Marketwired - July 25, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S) is pleased to announce that at a meeting held earlier today (the "Meeting") of holders (the "Noteholders") of Sherritt's $720 million of outstanding senior unsecured debentures (the"Notes"), Noteholders approved the previously announced proposed 3-year extension of the Read More

  • Alturas Options Huajoto project in Central Peru

    Toronto, Canada and Lima, Peru / TheNewswire / July 25, 2016 -Alturas Minerals Corp (TSXV:ALT) ("Alturas") is pleased to announce that Alturas has entered into a non-binding Letter of Intent (the "LOI") with Compania Minera Milpo S.A.A. ("Milpo"), a member of the Brazilian international Votorantim Group, to option the Alturas' 100% owned, 4,129 hectare, zinc-gold-copper-rare earth element project Huajoto property mining concessions, located 22 kilometers northwest of the Read More

  • Dunnedin Ventures Identifies New Targets Identified At Kahuna

    July 25, 2016 / TheNewswire / Vancouver, BC, Canada. - Dunnedin Ventures Inc. (the "Company" or "Dunnedin") (TSX-V: DVI) is pleased to report the identification of new diamond-bearing kimberlite targets through till sampling at the Kahuna project. Till sampling results include identification of potential for: Extensions to known diamond-bearing kimberlite dikes-New diamond-bearing kimberlite dike targets-New diamond-bearing kimberlite pipe targets-Diamond-bearing kimberlite sources in areas that historically produced nil results Dunnedin's Read More

  • Bravada Gold Reports Second-Phase Drilling Begins at Baxter Gold Property, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) (the "Company" or "Bravada") has received notice that a second-phase drilling program is underway at the Company's Baxter Low-sulfidation gold property in the Walker Lane Gold trend in Nevada. Kinross Gold U.S.A., Inc., a wholly owned subsidiary of Kinross Gold Corporation ("Kinross"), plans to drill 10 to 14 reverse-circulation (R.C.) holes for approximately 2,400 meters, Read More

  • Azimut closes $2,500,000 private placement

    LONGUEUIL, QC, July 25, 2016 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or "the Company") (TSXV: AZM) announces the closing of its private placement for $2,500,000, including $1,100,000 from five (5) Québec-based institutional funds: Capital croissance PME II, l.p. ("CCPME") ($200,000), SIDEX l.p. ("SIDEX") ($300,000), SODÉMEX II ($300,000), Fonds de solidarité des travailleurs du Québec (F.T.Q.) ("Fonds de solidarité FTQ") ($200,000) and Fonds régionaux de solidarité FTQ, l.p. ($100,000). This Read More

  • Focus Ventures Completes Credit Facility Extension

    VANCOUVER, CANADA--(Marketwired - July 25, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Focus Ventures Ltd. (TSX VENTURE:FCV)("Focus" or the "Company") reports that it has completed the extension of the US$3.5 million loan facility previously granted to the Company by lenders (the "Lenders") led by Sprott Resource Lending Partnership. The facility will now mature on September 30, 2019. In Read More

  • Kapuskasing Gold Announces Drill Program has Commenced on the Rollo Property, Ontario

    Vancouver, British Columbia (FSCwire) - Kapuskasing Gold Corp. (TSX-V: KAP) (the “Company” or “KAP”) is pleased to announce that drilling has commenced on the Rollo Property located near Foleyet, northern Ontario. A series of three to four short holes (approximately 50 metres each in length) is planned for the Racicot Gold Showing to add a third dimension to the high grade sampling announced August 6, 2015. The Read More

  • Cadillac Ventures Options Thierry Property

    TORONTO, ONTARIO - (Marketwired - July 25, 2016)- Cadillac Ventures (TSX VENTURE:CDC)(OTC:CADIF) ("Cadillac") is pleased to announce that it has entered into an option agreement for its Thierry Property located in Pickle Lake, NW Ontario. An option has been signed with Northern Fox Resources Inc. ("NFR"), an arm's length private Ontario company, whereby NFR can earn a 70% interest in the Thierry Property. Salient points of the agreement Read More

  • Cantex Provides Yukon Field Program Update

    KELOWNA, BC, July 25, 2016 /CNW/ - Cantex Mine Development Corp. (CD : TSXV) ("Cantex" or the "Company") is pleased to announce the progress of the 2016 Yukon summer exploration program.  This program focused on the 100% owned North Rackla claim block in central Yukon. Yukon Summer Program - Phase One Cantex is pleased to report that the first phase of field work for the summer program in the Read More

  • Drilling Commences on African Queen's Yellowjacket Gold Project

    Vancouver, British Columbia / TheNewswire / July 25 2016 - AFRICAN QUEEN MINES LTD. (the "Company") is pleased to announce that diamond drilling has now commenced on its Yellowjacket Gold Project 9 km east of Atlin, B.C. (the "Project"). The first phase of drilling comprises up to 2000 m of core drilling as part of the Company's 2016 exploration program at the Project. The Company now controls 41 mineral Read More

  • Eastplats Provides Update on Previously Announced Transactions

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 24, 2016) - The new board of directors and new management of Eastern Platinum Limited ("Eastplats" or the "Company") (TSX:ELR)(JSE:EPS) continue to investigate the transactions undertaken and disclosed by prior management of the Company. On June 28, 2016, prior management of the Company disclosed that Eastplats had entered into an agreement with Hebei Zhongheng Tianda Platinum Co. Limited ("HZT") pursuant to which HZT Read More

  • TriMetals Mining Subsidiary, South American Silver, Announces Conclusion of Oral Hearing in Its Arbitration Against Bolivia

    VANCOUVER, BC --(Marketwired - July 25, 2016) - TriMetals Mining Inc. (TSX: TMI) (TSX: TMI.B) (OTCQX: TMIAF) (OTCQX: TMIBF), (the "Company"), reports that the oral hearing (the "Hearing") in South American Silver Limited's international arbitration against the Plurinational State of Bolivia ("Bolivia") for the expropriation of the Malku Khota project, held at the World Bank's premises in Washington, D.C., USA under the administrative authority of the Permanent Court Read More

  • Geologix Closes $1,105,000 Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Geologix Explorations Inc. (TSX VENTURE:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUT:GF6)(MUN:GF6) ("Geologix" or "the Company") is pleased to announce the successful closing of its non-brokered private placement of 17,000,000 units at $0.065 per unit for gross proceeds of $1,105,000 (the "Offering"). Each unit issued under the Offering consisted of one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the Read More

  • Renaissance Gold Announces Management Changes

    White Rock, British Columbia (FSCwire) - Renaissance Gold Inc. (“RenGold” or the “Company”) is pleased to announce that the Board of Directors has appointed Ronald L. Parratt to the office of President and Chief Executive Officer and Richard L. Bedell as Executive Vice President. Both Ron and Richard will continue as Directors of the Company. The return of Ron Parratt to RenGold’s management team will greatly enhance Read More

  • Duran Ventures Announces First Closing of Private Placement Financing

    TORONTO, ONTARIO--(Marketwired - July 25, 2016) - Duran Ventures Inc. (TSX VENTURE:DRV)(LMA:DRV) ("Duran" or the "Company") is pleased to announce that it has completed the first tranche of its previously announced $990,000 non-brokered private placement financing (the "Offering"). The first tranche consisted of 6,718,421 units ("Units") at $0.09 per Unit for gross proceeds of $604,658. Each Unit consists of one common share of the Company ("Common Share") and Read More

  • Eureka drill permit approved by the BLM

    VANCOUVER, July 25, 2016 /CNW/ - Eureka Resources Inc. ("Eureka" or the "Company") (TSXV: EUK) is pleased to report that the Bureau of Land Management has approved the permit for drilling at the Gemini Lithium Project ("Gemini" or the "Project") located in the Lida Valley, Nevada. The Gemini Project consists of 247 placer mining claims totalling 4,940 acres (2,000 hectares). Gemini hosts two deep sub-basins that have the Read More

  • Oremex Silver Provides AGM Results and Operations Update

    Toronto, ON / TheNewswire / July 25, 2016 - Oremex Silver Inc. (TSXV: OAG) ("Oremex" or the "Company") is pleased to announce changes to its officers and directors along with an update on operations for 2016. Director and Officer Update At the Company's Annual and Special Meeting held on July 7, 2016, the Company added Mr. Carlos Espinosa and Mr. James McVicar to the Board. Mr. Carlos Espinosa, has Read More

  • Aurvista Gold Closes Previously Announced Private Placement Raising C$500,000

    Montreal, Quebec--(Newsfile Corp. - July 25, 2016) - Aurvista Gold Corporation ( TSXV: AVA) (OTC: ARVSF) (FSE: AV2) ("Aurvista" or the "Company") has closed the non-brokered private placement of C$500,000 (the "Closing"). The Private Placement consisted of 5,000,000 units at a price of C$ 0.10 per unit for gross proceeds of C$ 500,000. Pricing was based on the closing share prices on July 8th, 2016 and was approved by the Read More

  • Canadian International Minerals Closes Private Placement

    July 25, 2016 / TheNewswire / Vancouver, British Columbia - Canadian International Minerals Inc. (the "Company") (CIN - TSX Venture) is pleased to announce that it has closed its private placement of 4,100,000 at $0.05 per unit for total gross proceeds of up to $205,000. Each unit consists of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share at a price of Read More

  • California Gold Announces $2.1 Million Private Placement

    (NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.) Toronto, Ontario (FSCwire) - California Gold Mining Inc. (“California Gold” or the “Company”) announces today that it intends to carry out a non-brokered private placement of up to 3,230,769 units (“Units”) at a price of $0.65 per Unit Read More

  • Troymet Identifies New Drill Targets & Expands Prospective Area at Redhill

    NANAIMO, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the Company") is pleased to report that the program of detailed follow-up soil sampling and prospecting of 3DIP anomalies on the Alpha zone and evaluation of the gold-, copper-and zinc-in-soil anomalies on the Alpha South zone is complete. New drill targets have been identified associated with slumped/mechanically transported sulphides and the area of Read More

  • Epithermal Expert, Dr. Jeffrey Hedenquist, Issues Geological Report on Redstar

    July 25th, 2016 / TheNewswire / Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) ("Redstar" or the "Company") today announced that Dr. Jeffrey Hedenquist, an independent international consultant and one of the world's leading experts on epithermal gold systems, recently visited the Company's 100% controlled high-grade Unga Gold Project, Alaska. The results of Dr. Hedenquist's technical review are summarized in a geological report entitled "Observations on the Read More

  • X-Terra Completes Private Placement

    ROUYN-NORANDA, QC, July 25, 2016 /CNW Telbec/ - X-Terra Resources Inc. (TSXV: XTT) is pleased to announces that it has completed its previously-announced non-brokered private placement by issuing 2,333,333 units at a price of $0.15 per unit for gross proceeds to X-Terra Resources of $350,000.  Each of the 2,333,333 units is comprised of one common share and one-half of a common share purchase warrant. Each whole warrant entitles Read More

  • Millennial Appoints Iain Scarr VP of Exploration and Development

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Millennial Lithium Corp. (TSX VENTURE:ML), ("Millennial" or the "Company") is pleased to announce the appointment of Iain Scarr as VP of Exploration and Development. Mr. Scarr has worked primarily in industrial minerals exploration and commercial development since 1979. During his career with Rio Tinto, he was responsible for multiple discoveries in North and South America and Africa, and worked on Read More

  • Gespeg Announces Private Placement for Gross Proceeds of up to $1,000,000

    SASKATOON, SASKATCHEWAN--(Marketwired - July 25, 2016) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES GESPEG COPPER RESOURCES INC. (TSX VENTURE:GCR) (the "Company" or "Gespeg") announces that it intends to conduct a non-brokered private placement of up to 20,000,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 (the "Offering"). Each Read More

  • Peruvian Precious Metals Corp. Announces Further Increase to Private Placement and Closing of First Tranche

    Vancouver, British Columbia (FSCwire) - Peruvian Precious Metals Corp. (the "Company"), is pleased to announce that the non-brokered private placement previously announced on July 5, 2016 and July 18, 2016 at $0.05 per unit (“Unit”) has been further increased from 52,000,000 Units to 57,500,000 Units and that the first tranche of 32,496,000 Units for aggregate gross proceeds of $1,624,800 has closed.  Each Unit consists of a common Read More

  • Evolving Gold Announces Grants Stock Options

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Evolving Gold Corp. (CSE:EVG)(FRANKFURT:EV7)(OTC PINK:EVOGF) (the "Company") announced that it has granted 750,000 incentive stock options to certain directors, officers and consultants of the Company. The options have an exercise price of $0.50 per share, and a term of five years. About Evolving Gold Evolving Gold is focused on exploring The Lithium Lakes property in Quebec located about 10 km Read More

  • Almo to Change Name to Blackrock Gold

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  • 1

TORONTO, ONTARIO--(Marketwired - May 6, 2016) - Plateau Uranium Inc. ("Plateau Uranium" or the "Company") (TSX VENTURE:PLU)(FRANKFURT:QG1) announces that it has filed today on SEDAR a technical report to support the initial lithium and potassium resource estimate for its uranium projects located on the Macusani Plateau in the Puno District of southeastern Peru disclosed in the Company's press release of March 22, 2016. The technical report highlights the amount of lithium and potassium contained within only four of the Company's defined uranium deposits, as well as providing initial estimate interpretation that potential lithium and potassium production could add significant value to the existing low-cost uranium production potential.

Ted O'Connor, CEO of Plateau Uranium commented:

"Plateau Uranium remains a uranium-focused company, but we are nonetheless pleased with this initial lithium and potassium resource and the potential added by-product value these bring to our already strong uranium project story. Conservative pricing and process cost estimates have been used in trying to establish by-product value, with potentially excellent margins in excess of 100% (see Table 1 below).

It is important to note that we have constrained the lithium resources reported only within the uranium resources defined in the NI 43-101 Uranium Resource Estimate technical report dated June 2015 and that these resources are contained within only four of the uranium deposits considered in the PEA, representing only 66% of the Company's defined uranium resources. There is lithium present in the host rocks to all our uranium deposits, and in most of the Macusani rhyolites on the plateau, so this initial lithium resource will indeed grow.

We plan to complete additional engineering and process test work to better understand potential operating and capital costs for lithium and potassium by-product production using experts in this field like K-UTEC, and to re-sample those uranium deposits not included in this resource for lithium and multi element chemical analysis."

Ian Stalker, Chairman of Plateau Uranium commented:

"This is an exciting addition to our Company. The Macusani Plateau is without doubt a geologically well-endowed environment, as evidenced by our recent recognition of these by-product elements over and above the extensive uranium mineralization already defined. These by-products offer further positive economic potential to an already robust uranium project. We are working closely with K-UTEC, a recognised industry leader in lithium process extraction methods, and look forward to announcing our future efforts to further unlock this potential."

Details regarding the lithium resource estimate can be found in the Company's press release of March 22, 2016 and the technical report, both of which have been filed and are available for viewing and download on the Company's profile at Highlights of the lithium resource estimate, recovery work and potential value are provided below.

Highlights of Lithium Mineral Resource Estimates by Category

The consolidated mineral resource estimates, based on a 75ppm U cut-off grade, and wholly contained within the previously defined uranium resource estimates from four of the Company's uranium deposits, are as follows:

  • Indicated: 52.31 M tonnes grading 0.13% Li2O, 4.47 % K2O and 268 ppm U3O8, containing 67,000 t of Li2O, 2.34 Mt K2O and 31 M lbs U3O8
  • Inferred: 87.68 M tonnes grading 0.12% Li2O, 4.49 % K2O and 283 ppm U3O8, containing 109,000 t of Li2O, 3.93 Mt K2O and 54.8 M lbs U3O8

Lithium Recovery Highlights

Internal testwork to date has displayed Lithium recoveries of up to 86% while un-optimized external tests run at K-UTEC AG Salt Technologies (K-UTEC), a leading process engineering firm in Germany with lithium extraction expertise, displayed Lithium recoveries of up to 73% using sulphuric acid. Expected products from lithium extraction would be lithium carbonate and potassium sulphate.

Potential Impact of Lithium-Potassium Production Highlights

The Company plans to complete additional work necessary to determine potential operating costs and capital costs for lithium carbonate and potassium sulphate production to at least scoping study or PEA level. However, in assessing the "Reasonable Prospects for Economic Extraction" of lithium and potassium in the technical report, The Mineral Corporation has provided some estimate of potential operating costs and potential value of lithium and potassium production using existing producer/developer benchmarks, estimates and the K-UTEC work to date. The report concludes that the potential value of lithium carbonate and potassium sulphate produced far exceeds the estimated production costs.

The Mineral Corporation prepared a simplistic analysis of the additional cash costs which would be incurred in order to extract lithium and potassium, and precipitate lithium carbonate and potassium sulphate, compared with the additional revenue which these byproducts would generate. Table 1, below summarizes the assumptions and results of this initial analysis.

Table 1 - Estimated Financial Analysis Criteria and Results (from technical report - Tables 25 & 26)

Revenue Factors   Value   Unit reference   Source/Note
Li2CO3   $9000   $/t FOB   Market Analysis
K2SO4   $700   $/t FOB   Market Analysis
Li2CO3 grade   0.31   %   Mineral Resource model
K2SO4 grade   8.26   %   Mineral Resource model
Recovery (Li2CO3)   71   %   Plateau Uranium/K-UTEC
Recovery (K2SO4)   40   %   Plateau Uranium
Yield of Product (Li2CO3 & K2SO4)   3.52   % Product per ROM tonne   Derived from grade and recovery
Cost Factors   Value   Unit reference   Source/Note
Port and product transport   50   $/t Product   Estimate
Processing   19   $/t Treated   Estimate
Processing   539   $/t Product   Derived from $/t Treat and Yield of Li2CO3 & K2SO4
Result   Value   Unit reference   Source/Note
Total additional cost to process Li2CO3 & K2SO4   $589   $/t Product   Sum of processing and port/ transport costs
Total addition revenue   $1221   $/t Product   Weighted average price of Li2CO3 & K2SO4
Indicative margin   $632   $/t Product   -

The indicative cash cost analysis indicates that the additional operating cost of processing lithium and potassium is offset by the additional revenue derived, given the assumptions provided. An alternative interpretation of this analysis is that a lithium grade of 300ppm and a potassium grade of 2.0% is required for the additional revenue to equal the additional cost, for the given assumptions.

The Mineral Corporation is therefore of the opinion that there are Reasonable Prospects for Economic Extraction of the lithium and potassium.

Qualified Persons

Mr. Ted O'Connor, P.Geo., CEO and Director of Plateau Uranium and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this release.

About The Mineral Corporation

The Mineral Corporation is based in Bryanston, Sandton (Johannesburg) South Africa and is a leading senior advisor to the international minerals business offering a broad range of services related to mineral exploration, mine development, and mine optimization across a diverse range of commodities and geographies. The Mineral Corporation has been working with the Company, and its predecessors for over six years.

About K-UTEC AG Salt Technologies

K-UTEC AG Salt Technologies is based in Sondershausen, Germany and is a leading process design and engineering group with more than 60 years of expertise in potassium and lithium salt production industry.

About Plateau Uranium

Plateau Uranium Inc. is a Canadian uranium exploration and development company focused on the exploration of its properties on the Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru and mineral concessions that cover over 910 km2 situated near significant infrastructure. Plateau Uranium is listed on the TSX Venture Exchange under the symbol 'PLU' and quoted on the US OTC under the symbol 'PLUUF' and the Frankfurt Exchange under the symbol 'QG1'. The Company has 40,639,863 shares outstanding. For more information please visit

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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Condor Gold

Exchange/Ticker: LON: CNR
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