• Cypress Reports 95% Recovery of Lithium From Leach Test of Surface Claystones at Clayton Valley Project, Nevada Using a Weak Acid Assay Method

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) - Cypress Development Corp. (TSX VENTURE:CYP)(OTCBB:CYDVF)(FRANKFURT:C1Z1) ("Cypress" or the "Company") is pleased to announce, further to its news release of April 12th, the Company has received assay results showing the feasibility of extracting lithium directly from the surface claystones without the need for roasting or other costly and complex treatments at the Company's 1520 acre Clayton Valley Project located in Esmeralda Read More

  • Forum Acquires 100% Interest in the Wham Property North of the Key Lake Mine and Mill, Eastern Athabasca Basin

    VANCOUVER, BC--(Marketwired - May 25, 2016) - Forum Uranium Corp. ("Forum") (TSX VENTURE: FDC) announces that it has acquired a 100% interest in two claims totaling 6,530 hectares in the Russell Lake area, 20 kilometres northeast of the Cameco/AREVA Key Lake Mine and Mill in the eastern Athabasca Basin (Figure 1). Ken Wheatley, Forum's Vice President, Exploration stated, "Forum is always on the lookout for quality exploration prospects Read More

  • Tinka Increases Inferred Mineral Resources at Ayawilca; Zinc Resource Now 18.8 Million Tonnes at 8.2% Zinc Eq, Initial Tin Resource 5.4 Million Tonnes at 0.89% Tin Eq

    VANCOUVER, CANADA--(Marketwired - May 25, 2016) - Tinka Resources Limited ("Tinka" or the "Company") (TSX VENTURE:TK) (OTC PINK:TKRFF) (FRANKFURT:TLD) is pleased to announce a resource update for its 100%-owned Ayawilca zinc - indium - silver - lead sulphide deposit in Peru, which now consists of 18.8 million tonnes grading 8.2% zinc equivalent (ZnEq) at a cut-off grade of 5% ZnEq. In addition, Tinka announces its first tin - copper - silver resource consisting Read More

  • Sulliden announces updated mineral resource estimate for the Troilus gold project

    TORONTO, May 25, 2016 /CNW/ - Sulliden Mining Capital Inc. ("Sulliden" or the "Company") (TSX: SMC) is pleased to announce the completion of a mineral resource estimate for the past-producing Troilus Mine, located in the Abitibi mining region of Quebec, Canada. The mineral resource estimate, completed by Roscoe Postle Associates Inc. ("RPA"), is based on high quality historical drill data and was generated with a focus on Read More

  • Wallbridge Mining Enters Into Agreement to Acquire Fenelon Gold Project in Quebec

    TORONTO, May 25, 2016 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) ("Wallbridge") is pleased to announce that it has entered into a binding Letter of Intent ("LOI") dated May 24, 2016 (the "Agreement Date") to acquire 100% of the Fenelon Gold Property ("Fenelon Mine Property") from Balmoral Resources Ltd. (TSX:BAR; OTCQX:BALMF) ("Balmoral") for a purchase price of $3.6 M. The Fenelon Mine Property is Read More

  • Dynacor Completes Construction of its New US$ 15-Million Ore Processing Plant and Begins the Commissioning Process

    MONTREAL, QUEBEC--(Marketwired - May 25, 2016) - Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) is pleased to announce that it has completed the construction of its new 300-tpd Veta Dorada ore processing plant and has begun the commissioning process. The Veta Dorada plant is located in Chala (southern Peru) in the heart of a major gold producing region of Peru. The commissioning process will involve the Read More

  • Avalon continues to advance metallurgical work on the Separation Rapids Lithium Project, Kenora, Ontario

    Toronto, Ontario--(Newsfile Corp. - May 25, 2016) - Avalon Advance Materials Inc. (TSX: AVL) (OTCQX: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on the 2016 work program on its 100% owned Separation Rapids Lithium Project, near Kenora, Ontario. Since the last update (provided in the News Release dated April 5, 2016), the Company has initiated its lithium hydrometallurgical process development work at the facilities Read More

  • Sabina Gold & Silver Reports Encouraging Metallurgical Optimization Results at Back River Gold Project, Canada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) - Sabina Gold & Silver Corp (TSX:SBB), ("Sabina" or the "Company") is pleased to announce positive preliminary metallurgical optimization test results on its 100%-owned Back River gold project ("Back River" or the "Project") in Nunavut, Canada. After release of the Back River Initial Project Feasibility Study in September of last year, Sabina has identified several metallurgical optimization opportunities that could have Read More

  • Golden Arrow Initiates Next Phase of Drilling in Pre-Development Program at Chinchillas Silver Project, Argentina

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2015) - Golden Arrow Resources Corporation (TSX VENTURE:GRG)(FRANKFURT:GAC)(WKN:A0B6XQ), "Golden Arrow" or the "Company") is pleased to announce that it has commenced a 6,500 metre Phase VI drilling and exploration program at the Chinchillas silver project in Jujuy Province, Argentina. The drill program will focus on exploration and condemnation drill holes, as well as infill holes as necessary. The previous Phase V, 15,000 Read More

  • Purepoint Uranium Group Inc. Hook Lake JV Partners Budget for Additional Drilling

    TORONTO, ONTARIO--(Marketwired - May 25, 2016) - Purepoint Uranium Group Inc. (TSX:PTU) today announced that the Hook Lake JV partners have reallocated funds for continued drilling at the Spitfire Zone this year. The Hook Lake JV project is owned jointly by Cameco Corp. (39.5%), AREVA Resources Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%). Current uranium exploration is targeting the Patterson Lake Corridor, the same conductive trend Read More

  • Golden Predator Completes $4.32 Million Financing

    Vancouver, BC (FSCwire) - Golden Predator Mining Corp. (TSX.V: GPY) (the “Company) is pleased to announce the completion of its previously announced private placement. The private placement was fully subscribed, resulting in gross proceeds to the Company of $4,320,000 from the sale of 27,000,000 units (the “Units”) at a price of $0.16 per Unit. Each Unit consists of one common share (the “Shares”) and one share purchase Read More

  • Altair to Acquire Epic Mining Corp.

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) - ALTAIR GOLD INC. ("Altair" or the "Company") (TSX VENTURE:AVX)(FRANKFURT:90A)(ISIN:CA0213702008)(WKN:WKN A14WVP). Mr. John Huguet, Chairman of the Board, is pleased to announce the signing of a Binding Letter of Intent, with an arm's length company, to acquire 100% of Epic Mining Corp. which in turn owns 99% of Panamericana SAC. Panamericana SAC owns a resource property in Peru covering approximately 900 Read More

  • Argonaut Gold Raises C$4.5M via Private Placement of Flow-Through Common Shares and Provides Update on Planned Activities at Magino Project

    TORONTO, ONTARIO--(Marketwired - May 25, 2016) - NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Argonaut Gold Inc. (TSX:AR) (the "Company", "Argonaut Gold" or "Argonaut") today provides an update on planned activities at its 100% owned Magino property. The Company plans to drill the mineral resources expected to be mined during the first two years of mine life on 10 to 12 Read More

  • Avarone Completes Initial 20 Hole Work Program on its Moab Lithium Brine Project

    Vancouver, B.C. / TheNewswire / MAY 25, 2016 - Avarone Metals Inc. (CSE: AVM) (Frankfurt: W2U1; WKN: A14SVX) (the "Company" or "Avarone") is pleased to announce that it has successfully completed an initial subsurface short auger hole program to test brine sediments on its 100% owned Moab lithium project in the Big Smoky Valley, Nevada. The geological team conducted a sediment-sampling program, which was completed by hand to test Read More

  • Northern Vertex Announces Convertible Debenture Non-Brokered Private Placement Financing of $7.5 Million

    VANCOUVER, May 25, 2016 /CNW/ - Northern Vertex Mining Corp. (TSX.V: NEE) (the "Company") is pleased to announce a Non-Brokered Private Placement (the "Private Placement") of unsecured convertible debentures ("Debenture") for gross proceeds of up to Cdn$7,500,000. The proceeds from the Debenture issuance will be used for the advancement of the Company's Moss Mine Gold-Silver property located in Mohave County, NW Arizona, USA and general corporate purposes. Read More

  • Puma Begins Drilling Operations at Turgeon Cu-Zn VMS Project in New Brunswick, Canada

    RIMOUSKI, QUEBEC--(Marketwired - May 25, 2016) - Puma Exploration (TSX VENTURE:PUM)(SSE:PUMA) is pleased to announce the beginning of the drilling program (2,000 meters) design to test the first priority targets defined from the recent ground geophysical survey (IP) carried out on the Turgeon Cu-Zn VMS project in northern New Brunswick. The survey revealed five (5) first priority untested target anomalies along the favourable horizon and also on new Read More

  • Great Bear Announces New Strategic Advisors, Share Consolidation and Private Placement

    May 25, 2016 / TheNewswire / Vancouver, BC, Canada. - Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) is pleased to announce the appointment of Mr. John Robins, P.Geo., and Mr. Jim Paterson as Strategic Advisors to the Company. Mr. Robins, a Professional Geologist with over 30 years' experience in the mining industry, is currently the Executive Chairman of Kaminak Gold Corporation and also a director Read More

  • Continental Gold Announces Closing of $28.75 Million Bought Deal, Including Over‑Allotment Option Exercise

    TORONTO, May 25, 2016 /CNW/ - Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters co‑led by TD Securities Inc. and Clarus Securities Inc. and including BMO Nesbitt Burns Inc., GMP Securities L.P., Dundee Securities Ltd. and RBC Dominion Securities Inc. (collectively, the "Underwriters"), pursuant to which the Read More

  • Precipitate Re-Commences Field Work Over Multiple New Prospects at Juan de Herrera Project in the Dominican Republic

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) - Precipitate Gold Corporation (the "Company" or "Precipitate" or "PRG") (TSX VENTURE:PRG) is pleased to announce the commencement of follow up exploration on its Juan De Herrera Project in the Dominican Republic. The Company has initiated follow-up geochemical sampling that will cover five (5) newly identified early-stage geochemically anomalous zones hosted within favourable Tireo volcanic lithologies (see Company news release dated Read More

  • Majescor Options Montagne B Lithium Properties, Quebec

    OTTAWA, ONTARIO--(Marketwired - May 25, 2016) - Majescor Resources Inc. ("Majescor" or the "Corporation") (TSX VENTURE:MJX) has entered into an option agreement with Genius Properties Ltd. and two other vendors to purchase 100% of the Montagne B lithium properties (approximately 708 hectares), located 8 and 12 km southwest of Nemaska Lithium's World Class Whabouchi lithium deposit in central Quebec. The Montagne B properties are subject to a 2% Read More

  • Kincora consolidates the Mongolian Southern Gobi copper-gold belt

    VANCOUVER, May 25, 2016 /CNW/ - Kincora Copper Limited (the "Company", "Kincora") (TSXV:KCC) is pleased to announce it has reached agreement providing for the merger of two Kincora subsidiaries with Ibex Land Mongolia LLC and Ibex Mongolia LLC ("Ibex"), entities indirectly controlled by High Power Exploration Inc ("HPX"). The transaction will result in a consolidated landholding of over 1,500km2, the majority of the prospective exploration licenses which Read More

  • Khalkos Obtained up to 20 g/t Au on its Malartic Property (Revillard Part)

    MONTREAL, QUEBEC--(Marketwired - May 25, 2016) - KHALKOS EXPLORATION. ("Khalkos") (TSX VENTURE:KAS) - Management of Khalkos is pleased to announce results of surface sampling undertaken on its new Malartic property, Révillard part (see press release May 11, 2016). The due diligence done by Khalkos on the main stripping zone and its surrounding area indicated that the principal showing (100 m in length and 30 m in width) remains open Read More

  • Balmoral Enters Into Agreement to Receive Minimum $3.6 Million Through Sale of Non-Core Asset

    VANCOUVER, BC--(Marketwired - May 25, 2016) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX: BAR) (OTCQX: BALMF) today reported the Company has entered into a Letter of Intent (the "LOI") to sell its interest in the Discovery Zone Property (the "Property"), a 10.5 square kilometre subdivision of the current, larger Fenelon Property, to Wallbridge Mining Company Limited ("Wallbridge") (TSX: WM). The Fenelon Property forms part of Balmoral's Read More

  • Redhawk Provides Update on Copper Creek Joint Venture

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX:RDK)(FRANKFURT:QF7) is pleased to provide an update on the Copper Creek joint venture with Anglo American (the "Joint Venture"). The Joint Venture currently funded by Anglo American is approximately half way through the US$4,000,000 (CDN$5,125,000) work program for 2016. The work completed included one exploration drill hole to the northwest of the American Read More

  • Pasinex Resources Announces Non-Brokered Private Placement; Appoints John Barry as Qualified Person

    TORONTO, ONTARIO--(Marketwired - May 25, 2016) - Pasinex Resources Ltd. (CSE:PSE)(FRANKFURT:PNX) (the "Company" or "Pasinex") today announced a non-brokered private placement (the "Private Placement") of up to 6,000,000 units (the "Units") at a subscription price of $0.05 per Unit to eligible subscribers for gross proceeds of approximately $300,000. Pasinex also announced the appointment of John Barry, EurGeol & P.Geo as the Qualified Person effective immediately. Each Unit consists Read More

  • Jaguar Files NI-43-101 Technical Report for Turmalina Mine, Brazil

    TORONTO, May 25, 2016 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX-V: JAG) reports that it has filed on SEDAR (, an independent National Instrument 43-101 ("NI 43-101") "Technical Report on the Turmalina Mine, Minas Gerais State, Brazil" (the "Technical Report"). The Technical Report supports the Company's updated Mineral Reserves and Mineral Resources announced in a news release dated April 6, 2016. The Technical Report Read More

  • Rambler Metals & Mining PLC: Third Quarter FY2016 Production Results

    BAIE VERTE, NEWFOUNDLAND--(Marketwired - May 25, 2016) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM) London, England & Baie Verte, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) ('Rambler' or the 'Company'), a copper and gold producer operating in Newfoundland and Labrador, Canada, today provides an operational update for its third quarter ended 30 April 2016 ('Q3/16'). The quarter showed Read More

  • New Millennium Iron Corp. Announces Appointment of New Chair of the Board

    CALGARY, ALBERTA--(Marketwired - May 25, 2016) - New Millennium Iron Corp. ("NML" or the "Company") (TSX:NML) announced today the appointment Mr. Howard Lutley as Non-Executive Chair of the Board of Directors, effective immediately. Mr. Lutley joined NML's Board in November 2015 and succeeds Mr. Lee C. G. Nichols, a co-founder of NML, Director and Chair since August 2003. Mr. Nichols will remain as a Director while NML continues Read More

  • Integra Gold Announces Exercise of All Outstanding Warrants

    VANCOUVER, BC--(Marketwired - May 25, 2016) - Integra Gold Corp. (TSX VENTURE: ICG) (OTCQX: ICGQF), ("Integra" or the "Company") is pleased to announce that as of May 24, 2016 all outstanding warrants have been exercised. A total of 39,939,799 warrants were exercised at prices ranging from $0.26 to $0.30, representing total cash proceeds to the Company of $11,833,368. Of this total, 37,396,538 warrants, representing total cash proceeds of Read More

  • GobiMin Announces First Quarter 2016 Results

    TORONTO, May 25, 2016 /CNW/ - (TSXV: GMN) GobiMin Inc. ("GobiMin" or the "Company") reports its financial and operating results for the first quarter of 2016. The unaudited interim consolidated financial statements along with management's discussion and analysis have been filed with SEDAR ( and are also available at the website of the Company ( Financial Highlights 3 months ended March 31 12 months ended 2016 2015 Read More

  • Asiamet Strengthens Finances and Initiates BKM Feasibility Study

    Vancouver, British Columbia (FSCwire) - Asiamet Resources Limited ("ARS" or the “Company”) is pleased to announce that it has commenced a Resource definition drilling program at the Beruang Kanan Main (“BKM”) copper deposit in Central Kalimantan, Indonesia as part of the BKM Feasibility Studies. The Company plans to drill approximately 110 diamond drill holes totaling 9,000 meters to significantly enhance Resource confidence and upgrade a majority of Read More

  • Mesa Exploration Closes Green Energy Mineral Brine Transaction

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) - Mesa Exploration Corp. (TSX VENTURE:MSA)(OTC PINK:MSAJF) (the "Company") is pleased to announce that it has completed the sale of its 100% owned Green Energy Lithium property (the "Property"), located in Grand County, Utah, pursuant to a mineral property acquisition agreement entered into with Voltaic Minerals Corp. (TSX VENTURE:VLT) (formerly known as Prima Diamond Corp.) and Zimtu Capital Corp. (TSX VENTURE:ZC) Read More

  • Margaux Resources Announces Private Placement Offering, Engagement of PBG Geoscience for Lead-Zinc Exploration on Jersey-Emerald Property and Granting Of Stock Options

    CALGARY, ALBERTA--(Marketwired - May 25, 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, subject to regulatory approvals, it intends to issue up to 625,000 units ("Units") of the Company at a price of $0.20 per Unit for aggregate gross proceeds of up to $125,000 Read More

  • Great Lakes Graphite Reports Progress on Sales, Marketing and Operations

    TORONTO, ONTARIO--(Marketwired - May 25, 2016) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) today announces that the Company has recently completed end-to-end commercial transactions from order to delivery with two local customers, marking completion of a key initial step in the transition of the company towards becoming a commercial enterprise. Each of the customers has ordered and received material that will be used Read More

  • China Minerals: BC Government's Information Note Fails to Mention Mineral Rights - Amended Petition to Be Filed

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) - China Minerals Mining Corporation ("China Minerals") (TSX VENTURE:CMV)(OTC PINK:HWTHF) announces that it has instructed its legal counsel to file materials in the Supreme Court of British Columbia to amend the petition for judicial review against the Minister of Forests, Lands and Natural Resource Operations. For convenience, a reference in this news release to the "Company" refers to both China Minerals Read More

  • Morro Bay Announces Director Resignation

    Calgary, Alberta (FSCwire) - Morro Bay Resources Ltd. (“Morro Bay” or the “Company”) (TSX-V: MRB) announces that Mr. Carl von Einsiedel has resigned from the Board of Directors of Morro Bay, with the resignation taking effect as of May 24, 2016. John Zang, President and Chief Executive Officer stated "We would like to sincerely thank Carl for his time and dedication to Morro Bay. We wish him Read More

  • Athabasca Nuclear Corp. Acquires Sun Valley PGE Project

    Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) ( “ASC” or the “Company”) is pleased to report that it has acquired the Sun Valley PGE Project, a large scale platinum group element (PGE) exploration project located in Quebec, Canada. “The Sun Valley PGE Project is well situated and substantial in scale. Importantly, it provides robust exploration potential for PGE’s, which we believe have a valued role Read More

  • Ecuador Gold Announces Proposed Shares-for-Debt Agreements

    Vancouver, British Columbia--(Newsfile Corp. - May 25, 2016) - Ecuador Gold & Copper Corp. (TSXV: EGX) (the "Company") is pleased to announce that it has entered into agreements to settle an aggregate of C$424,330 in outstanding debt (the "Debt") owed to creditors in connection with C$365,581 owing for drilling, exploration, and consulting as well as up to C$58,749 owing for management's expenses and services provided to the Company. Read More

  • Nemaska Lithium Receives First $5M Tranche from Ressources Quebec Inc. for Phase 1 Lithium Hydroxide Plant

    QUÉBEC CITY, QUÉBEC--(Marketwired - May 24, 2016) - Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that it has received the first $5M tranche from Ressources Québec Inc., a subsidiary of Investissement Québec,, acting as a mandatary for the government of Québec. The private placement with Ressources Québec totalling $10M was announced on March 11, 2016 and was held in escrow until the Read More

  • Highest Grade Hole at Christie Lake Project -- 9.3% U3O8 over 9.8 m

    VANCOUVER, BC--(Marketwired - May 24, 2016) - UEX Corporation (TSX: UEX) (OTC PINK: UEXCF) (FRANKFURT: UXO) ("UEX" or the "Company") is pleased to report the chemical assay results of the first three drill holes of 2016 completed this winter on the Christie Lake Project (the "Project") (see Figure 1) where a $2.75 million drill program is scheduled to recommence in the first week of June. The Project is Read More

  • American Lithium Acquires 7,110 Acres over 2 Projects - Increases Nevada Lithium Brine Portfolio to over 20,000 Acres

    VANCOUVER, May 24, 2016 /CNW/ - American Lithium Corp. (TSXV: Li) ("American Lithium" or the "Company"), is pleased to announce that it has entered into an agreement to acquire all of the outstanding share capital of 1067323 B.C. Ltd. ("1067323"), an arm's-length privately-held British Columbia based mineral exploration company. At the closing of the acquisition, the Company's total Nevada lithium brine portfolio will increase to 20,790 acres Read More

  • AQM Copper Releases Positive Results From Preliminary Feasibility Study of the Zafranal Copper Project in Peru

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - AQM Copper Inc. (TSX VENTURE:AQM)(BVL:AQM) ("AQM" or the "Company") is pleased to announce the completion of a positive, independent Preliminary Feasibility Study ("PFS") of the Company's Zafranal Project ("Project") located in the southern Peru porphyry copper belt. The Zafranal Copper Project is owned by Compañia Minera Zafranal S.A.C. ("CMZ"), a joint venture company that is beneficially owned by AQM, Teck Read More

  • Seabridge Gold’s 2016 Drill Program Targets Further Deep Kerr Expansion

    TORONTO, May 24, 2016 (GLOBE NEWSWIRE) -- Seabridge Gold (TSX:SEA) (NYSE:SA) today outlined its 2016 exploration plans at its 100%-owned KSM Project in northwestern British Columbia. The program calls for 10,000 meters of core drilling designed to expand by as much as 800 meters the block cave shapes that confine the current resource estimate. Drilling is planned to begin by mid-June following a winter of relatively light Read More

  • Royal Gold Announces Third Quarter Dividend

    DENVER--(BUSINESS WIRE)--Royal Gold, Inc. (NASDAQ: RGLD; TSX: RGL) (“Royal Gold” or the “Company”), today announced that its Board of Directors has declared its third quarter dividend of US$0.23 per share of common stock. The dividend is payable on July 15, 2016, to shareholders of record at the close of business on July 1, 2016. Royal Gold is a precious metals royalty and stream company engaged in Read More

  • Sierra Metals Provides Exploration Update for the Esperanza Zone, Yauricocha mine Peru - Mineralized Zone Extended to the South and at Depth

    TORONTO, May 24, 2016 /CNW/ - Sierra Metals Inc. (TSX: SMT) (BVL: SMT) ("Sierra Metals" or "the Company") today announced the release of drill results for the Esperanza zone at its Yauricocha mine in Peru (drill results from January 1, 2016 to May 19, 2016). This news release is a follow-up to the initial news release dated January 28, 2016 which announced the discovery of the "Esperanza" Read More

  • Hecla Mining to Acquire Mines Management

    COEUR D’ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) (Hecla) and Mines Management, Inc. (NYSE MKT:MGN, TSX: MGT) (Mines Management) today announced a merger agreement with Hecla acquiring Mines Management. In the proposed merger, each outstanding common share1 of Mines Management will be exchanged for 0.2218 of a common share of Hecla. This represents a 41% premium to Mines Management, using both companies’ 10 day VWAP (Volume Weighted Read More

  • Kirkland Lake Gold Reports Exploration Results From Underground Drilling on the SMC and Initial Results Testing a New Zone on the '04 Break

    TORONTO, ONTARIO--(Marketwired - May 24, 2016) - Kirkland Lake Gold Inc., ("Kirkland Lake Gold" or the "Company") (TSX:KGI), an intermediate gold producer with operations in Ontario, Canada, is pleased to report results from underground exploration drilling programs on the South Mine Complex ("SMC") and the '04 Break. The SMC drilling was focused on the South Claims (formerly a part of the Queenston Mining Joint Venture property) which are Read More

  • Victoria Confirms High Grade Mineralization Between the Olive and Shamrock Zones Including 26.5m at 2.1 g/t Gold

    TORONTO, ON--(Marketwired - May 24, 2016) - Victoria Gold Corp. (TSX VENTURE: VIT) "Victoria" or the "Company" is pleased to announce the 3rd set of results from the 2016 Olive-Shamrock diamond drilling program. The results from the latest assays received confirm the continuation of gold mineralization between Olive and Shamrock and validate the exploration model currently testing the near surface, high grade material in the Olive-Shamrock Shear Zone. Read More

  • Pilot Gold - RC/Core Drill Results, Goldstrike Oxide Gold Project - Utah

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to announce additional drill results from six Reverse Circulation (RC) and one diamond core hole at the 100% controlled Goldstrike Oxide Gold Project in southwestern Utah. The primary target is Carlin-style shallow, oxide gold mineralization on the 7 km long, 2 km-wide "Historic Mine Trend", between and down-dip to Read More

  • Rio Tinto Senior management changes

    Rio Tinto has appointed Stephen McIntosh as the acting Group executive, Technology & Innovation to succeed Greg Lilleyman, who will leave the company after 25 years of service. Stephen has been with Rio Tinto for almost 30 years working on projects in more than 45 countries spanning the A-Z of minerals and metals. Most recently, he was head of Exploration, leading a 450-strong global team of Read More

  • Boliden Signs EUR 1,390 Million Credit Agreements

    BOLIDEN, Sweden--(BUSINESS WIRE)--Regulatory News: Boliden (STO:BOL) (TSX:BLS), in partnership with 11 banks, has signed a syndicated revolving credit facility agreement of EUR 770 million. The agreement comprises two facilities: one of EUR 362 million with a term of 3 years which replaces an existing facility of EUR 400 million that matures in 2017, and one of EUR 408 million with a term of 5 years which Read More

  • Sarama Resources Acquires the Bondi Gold Deposit in Burkina Faso From Orezone Gold

    VANCOUVER, BC--(Marketwired - May 24, 2016) - Sarama Resources Ltd. ("Sarama" or the "Company") (TSX VENTURE: SWA) is pleased to announce that it has signed a binding Heads of Agreement with Orezone Gold Corporation ("Orezone") for the Company to acquire the Bondi gold deposit ("Bondi"). Bondi is 100% owned by Orezone and is located immediately adjacent to Sarama's South Houndé Project in south-western Burkina Faso. The deposit has Read More

  • Erdene Continues to Intersect Significant Gold Mineralization at Bayan Khundii With 7 Metres of 4.7 g/t Gold Within a 70 Metre Zone of 1.1 g/t Gold

    HALIFAX, NOVA SCOTIA--(Marketwired - May 24, 2016) - Note to editors: There are three maps associated with this press release. Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce additional results from follow-up drilling on the recent high-grade discovery at the Company's 100%-owned Bayan Khundii Gold Project ("Bayan Khundii") in southwest Mongolia. Today's results are for the second batch of drill results (9 holes; 835 Read More

  • Scorpio Gold Reports Results from 2016 Exploration Drilling at the Paris Target Area, Mineral Ridge Project, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports results from the 2016 exploration drilling program on the Paris target at its 70% owned Mineral Ridge project, located in Nevada. The Paris target is a previously undrilled area located NNW of the Solberry deposit. It was targeted as one of several possible northwest strike extensions of the Drinkwater Read More

  • Orex Continues to Hit Silver on the Sandra Escobar Project in Durango, Mexico, Including an Intercept of 46 Metres Grading 218 g/t Silver

    VANCOUVER, May 24, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) ("Orex"), is pleased to announce that the Phase-II diamond drilling program continues to intercept silver mineralization on the Sandra Escobar Project in Durango, Mexico. Assays for eight more drill holes are now available. These include holes SA-16-023 to SA-16-030 in the southeastern region of the project. The Sandra Escobar Project is being advanced by Orex under Read More

  • Kinross Gold: Unionized Employees Strike at Tasiast Mine

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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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