• Kinross Gold Announces Operational Updates at Bald Mountain, Tasiast and Maricunga

    TORONTO, ON--(Marketwired - August 25, 2016) - Kinross Gold (TSX: K) (NYSE: KGC) announced today operational updates at its Bald Mountain mine in Nevada, Tasiast mine in Mauritania and Maricunga mine in Chile. Bald Mountain At Bald Mountain, the Company has received a record of decision from the U.S. Bureau of Land Management to allow for increased exploration activities and the mine's potential expansion. The decision allows the Read More

  • Osisko Mining Discovers Significant New Mineralization at Windfall- Drills 11.8 g/t Au Over 6.7 Metres

    MONTREAL, QUEBEC--(Marketwired - Aug. 25, 2016) - Osisko Mining Inc. (TSX:OSK) ("Osisko" or the "Corporation") is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Urban Township, Québec. The current 100,000 metre drill program combines definition drilling above the Red Dog intrusion ('Red Dog'), expansion drilling above and below Red Dog and exploration drilling on the Read More

  • Ivanhoe Mines Announces Drilling Results From Kakula Discovery- Drills 8.75 Metres of 9.84% Copper and 18.78 Metres of 5.32% Copper

    KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO--(Marketwired - Aug. 25, 2016) - Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN), and Lars-Eric Johansson, Chief Executive Officer, today announced assay results from another twelve holes of the ongoing 2016 drilling campaign at the Kakula Discovery on the company's Tier One Kamoa Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo (DRC). The Kamoa Project is a Read More

  • Marathon Gold Reports High Metallurgical Recoveries of up to 98.1% for the Marathon Deposit

    TORONTO, ON--(Marketwired - August 25, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) today announced very positive results from its 2016 metallurgical test program, which yielded high gold recoveries from the Marathon Deposit, Valentine Gold Camp using a combination of conventional gold preconcentration and leaching technologies. The costs of this program are being underwritten in part by the Research and Development Corporation of Newfoundland and Read More

  • Copper Fox Announces Corporate Update of Shaft Creek and Van Dyke Projects

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) is pleased to provide its shareholders with an update of corporate activities. Elmer B. Stewart, President and CEO of Copper Fox, stated, "In 2016 Copper Fox has exposure to approximately $2.2 million in expenditures on the Schaft Creek and Eaglehead projects located in British Columbia. Work on the Read More

  • Iconic Minerals Intercepts High Conductivity Zone at Bonnie Claire Lithium Property, Nevada

    Vancouver, British Columbia--(Newsfile Corp. - August 25, 2016) - Iconic Minerals Ltd. (TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB) (the "Company" or "Iconic") is pleased to announce that it has penetrated a higher conductivity zone believed to be the brine horizon in phase 1 drilling at the Company's Bonnie Claire Lithium Project in Nevada, U.S.A.  Drill hole BC 1601 has been completed to a depth of 1560 feet Read More

  • Canarc Options FG Gold Property in Central BC from Eureka Resources

    Vancouver, British Columbia (FSCwire) - Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, Frankfurt: CAN) (the “Company”) announces the signing of an agreement with Eureka Resources Inc. (TSX-V: EUK) (“Eureka”) which grants Canarc an exclusive option (the “Option”) to acquire up to a 75% interest in the FG Gold Property (the “Property”) located approximately 100 kilometres east of Williams Lake in central British Columbia. The Agreement The Option Read More

  • Serengeti Announces Completion of Drilling Program at Kwanika and Initiation of Resource Update

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - Serengeti Resources Inc. (TSX VENTURE:SIR) reports that the summer drilling program at its Kwanika copper-gold resource-stage project located in Quesnel Trough of British Columbia, has recently been completed. In addition, an independent resource estimate update study is underway which will focus on the higher grade copper-gold domain of the Central Zone on the property. This program is being fully funded Read More

  • Noram Ventures Completes Selection of Lithium Targets on its South Block Claims in Nevada’s Clayton Valley

    Vancouver, British Columbia (FSCwire) - Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) ("Noram" or the "Company") is pleased to announce it has selected 55 initial core drilling targets on its South Block lithium claims in Nevada’s Clayton Valley (see Figure 1). The exploration and core drilling plan has been submitted to the U.S. Department of the Interior Bureau of Land Management, Nevada State Office Division of Minerals Read More

  • Alix Resources Acquires Cross Lake Lithium Property, Manitoba

    Vancouver, British Columbia--(Newsfile Corp. - August 25, 2016) - ALIX RESOURCES CORP. (TSXV: AIX) (FSE: 37N) ("Alix" or the "Company") is pleased to announce the acquisition of a 100% interest in the Cross Lake Lithium property ("Cross Lake Property") located about 528 km north of Winnipeg, Manitoba. The Cross Lake Property comprises one Mineral Exploration Licence (MEL 1050A) encompassing 5,040 hectares and is located about 4 km southwest Read More

  • Contango ORE Announces Earnings and Updated Operations For the Year Ended June 30, 2016

    HOUSTON--(BUSINESS WIRE)--Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced today that it filed its Form 10-K for the year ended June 30, 2016 with the Securities and Exchange Commission. The Company reported a net loss of $1.2 million or $0.31 per basic and diluted share for the year ended June 30, 2016 compared to a loss of $3.6 million or $0.94 per basic and diluted share Read More

  • Flinders and Tasman Announce Closing of the Arrangement; Name Change to Leading Edge Materials

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - Tasman Metals Ltd. ("Tasman") (TSX VENTURE:TSM)(FRANKFURT:T61)(OTCQB:TASIF) and Flinders Resources Limited (TSX VENTURE:FDR) ("Flinders") announce the closing of the previously announced plan of arrangement (the "Arrangement") pursuant to which Flinders has acquired all of the issued and outstanding shares of Tasman effective on Thursday, August 25, 2016 (the "Effective Date"). The Arrangement was approved by Tasman shareholders on August 18, 2016 Read More

  • Matamec Reports JV Drill Results at Sakami Gold Property- Intersects 1.62 g/t Au Over 64.50 Metres, Including 2.21 g/t Au Over 43.30 Metres

    MONTREAL, QUEBEC--(Marketwired - Aug. 25, 2016) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) and Canada Strategic Metals ("CSM") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) are pleased to announce the results from the first of nine holes drilled in the northwest extension of zone 25 (main zone), located in the La Pointe sector of the Sakami property. Drill hole PT-16-91 intersected 1.62g/t Au over 64.50 metres including 2.21 g/t Au Read More

  • Kerr Mines Announces Additional Debt Restructuring Transactions and a C$2 Million Long Term Debt Facility

    TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) - Kerr Mines Inc. ("Kerr" or the "Company") (TSX:KER) is pleased to announce that it has entered into a series of agreements with various creditors in an effort to improve the Company's financial position. The agreements are consistent with the Company's previously disclosed strategy to enter into negotiations to reduce and restructure amounts owing and to address working capital deficiency. "With the Read More

  • Canamex Announces Financing for Gross Proceeds up to $6,000,000

    Vancouver, British Columbia--(Newsfile Corp. - August 25, 2016) - Canamex Resources Corp. (TSXV: CSQ) (OTCQX: CNMXF) (FSE: CX6) ("Canamex" or the "Company") is pleased to announce that it intends to complete two non-brokered private placements for gross proceeds of up $6,000,000 (the "Offerings") on terms described below, subject to acceptance by the TSX Venture Exchange ("TSX-V"). All figures are in Canadian dollars unless otherwise noted. Financing of Secured Read More

  • Goldsource Mines Revises 2016 Production Guidance

    VANCOUVER, Aug. 25, 2016 /CNW/ - Goldsource Mines Inc. ("Goldsource" or the "Company") today announced that throughput and production from the Eagle Mountain Gold Project ("Eagle Mountain") in Guyana have been affected in July and August, primarily as a result of weather related issues, a delay in the shipment of a 40-tonne truck to site and the low grade of available material. Processing operations were suspended on Read More

  • Northern Vertex Announces Two Key Contracts for the Construction of the Moss Mine Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - Northern Vertex Mining Corp. (TSX VENTURE:NEE) (the "Company") is pleased to announce the appointment of M3 Engineering & Technology Corp. ("M3") of Tucson, Arizona, as the Engineering, Procurement and Construction Management ("EPCM") provider for the Company's Moss Mine Project near Bullhead City, Western Arizona. M3 will be responsible for the detailed design, procurement of the necessary equipment and supplies and Read More

  • IDM Mining Files Updated NI 43-101 Preliminary Economic Assessment for the Red Mountain Gold Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - IDM Mining Ltd. (TSX VENTURE:IDM) today announced the completion and filing of the updated NI43-101 Preliminary Economic Assessment Technical Report for the Company's Red Mountain Gold Project, BC, Canada. The Independent Technical Report was prepared by JDS Energy & Mining Inc., ARSENEAU Consulting Services Ltd and Knight Piesold Ltd., following the guidelines of the Canadian Securities Administrators National Instrument 43-101 Read More

  • Nevada Energy Metals Pays Full Annual BLM Fees for Seven Nevada Lithium Projects

    VANCOUVER, British Columbia, August 25, 2016 /PRNewswire/ -- Nevada Energy Metals Inc. "the Company"  (TSX-V: BFF) (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has paid in full all annual Bureau of Land Management (BLM) maintenance fees for the Company's seven Lithium projects located in Nevada.  The annual maintenance fees, totaling USD $ 212,350 (CAD $274,550), are now paid to Sept 1st 2017.   Nevada Energy Read More

  • Lupaka Gold Realigns Its Board Members

    Vancouver, British Columbia--(Newsfile Corp. - August 25, 2016) - Lupaka Gold Corp (TSXV: LPK) (FSE: LQP) ("Lupaka Gold" or the "Company") is making changes to the composition of its Board of Directors (the "Board") to better reflect the production profile of its future mining operations. Consequently, the Company is pleased to announce the appointment of Lucio Pareja to its Board. Lucio brings to the Board his extensive experience Read More

  • Happy Creek Minerals Completes $1,191,560 Private Placement

    August 25, 2016 / TheNewswire / Vancouver, British Columbia - Happy Creek Minerals Ltd. (TSX-V:HPY, the "Company") announces the completion of its non-brokered financing announced July 13, 2016 and August 23, 2016. The Company has completed a non-brokered private placement with gross proceeds of $1,191,560 through the sale of 5,991,250 shares at a price of sixteen cents per share and 1,058,908 flow through shares at a price of twenty-two Read More

  • Bold Ventures Provides Lac Surprise Update

    TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) - Bold Ventures Inc. (TSX VENTURE:BOL)("Bold") and Northern Superior Resources Inc. (TSX VENTURE:SUP)("Northern Superior") are pleased to announce that Bold has met the second year optional commitment of spending $500,000 on exploration at the Lac Surprise Property and has made the second year payment of 100,000 shares in satisfaction of the second year earn-in requirement. Bold and Northern Superior are also pleased Read More

  • Mirasol Resources Appoints Patrick Evans Board of Directors

    VANCOUVER, Aug. 25, 2016 /CNW/ - Mirasol Resources Ltd (TSX-V: MRZ, OTCPK: MRZLF) ("Mirasol" or the "Company") is pleased to announce that Patrick Evans has been appointed to the board of directors of the Company effective August 20, 2016. Mr. Evans has over 20 years of experience in the mining industry and is the President and CEO of Mountain Province Diamonds Inc, which in conjunction with its Read More

  • CKR Acquires 100% Ownership of Montpellier Graphite Project, Quebec

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - CKR Carbon Corporation ("CKR" or the "Company") (TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce that it has renegotiated the terms of its option agreement to acquire 100% of the Montpellier graphite project in southern Quebec. The company will issue 400,000 common shares in the capital of the company (the "CKR Shares") to the optioner in lieu of the remaining work commitment Read More

  • Northern Vertex Extends Convertible Debenture Non-Brokered Private Placement Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Northern Vertex Mining Corp. (TSX VENTURE:NEE) (the "Company") announces that it has obtained TSX Venture Exchange approval to extend the closing date on its non-brokered convertible debenture private placement (the "Private Placement") up to September 30, 2016 from September 2, 2016. Please see the Company's Read More

  • Kilo Goldmines Announces Completion of Private Placement

    TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) - Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) announced today that it has completed the final tranche of its previously announced non-brokered private placement of equity units ("Units") raising additional gross proceeds of $9,070,000 (for $10.0 million in total proceeds from both tranches). An additional $2.5 million placement to the previously announced amount was added on the same terms due to Read More

  • Banyan Gold Receives Approval to Close $1.2 Million Financing

    Calgary, Alberta (FSCwire) - BANYAN GOLD CORP. (“Banyan” or “Banyan Gold” or the “Corporation”) is pleased to announce it has received TSX Venture approval to close its’ recently announced $1.2M non-brokered private placement (refer to the news releases of August 9th financing of up to $850k & August 11th    financing increased to $1.2M). Gross proceeds from the financing are $1,199,999.90 and a standard 4 month hold period Read More

  • Carube Copper Secures Promising Quebec Platinum Palladium Project

    Ottawa, Ontario--(Newsfile Corp. - August 25, 2016) - Carube Copper Corp. (TSXV: CUC), announced today that it has secured its right to acquire, subject to a 2% NSR, 100% of the Fiedmont Platinum Group Elements (PGE) Project ("Fiedmont") by making the first of four scheduled anniversary payments to the vendors. Fiedmont consists of 54 mining claims and covers 23 square kilometres. It is accessible by paved highway and Read More

  • Eureka Resources Announces Option Earn-in with Canarc on the FG Property and Private Placement

    VANCOUVER, Aug. 25, 2016 /CNW/ - Eureka Resources Inc. ("Eureka" or the "Company") (TSXV: EUK) is pleased to announce that it has entered into an option agreement dated August 24, 2016 (the "Agreement") with Canarc Resource Corp. ("Canarc") which provides Canarc the ability to earn up to a 75% interest in the Company's FG Property (the "Property"). The Agreement is subject to the approval of the TSX Venture Read More

  • Arianne Phosphate reports corporate and financial results for second quarter 2016

    SAGUENAY, QC, Aug. 25, 2016 /CNW Telbec/ - Arianne Phosphate (the "Company" or "Arianne") (TSX VENTURE: DAN; OTC: DRRSF; FRANKFURT: JE9N), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, reported its financial results for the three- and six-month periods ended June 30, 2016.  All amounts are in Canadian dollars unless noted. "The first six months of 2016 have proven to Read More

  • Nicola Mining Announces Closing of Non-Brokered Private Placement

    VANCOUVER, B.C. / TheNewswire / August 25, 2016 - Nicola Mining Inc. (the "Company") is pleased to announce that, on August 24, 2016, it completed a non-brokered private placement financing (the "Financing") as further described in its news release of August 23, 2016. In connection with the closing, the Company sold an aggregate of 18,337,665 units (each, a "Unit"), at a price of $0.12 per Unit, for gross proceeds Read More

  • Lamelee Iron Ore: Stephane Leblanc to File Early Warning Report

    MONTREAL, QUEBEC--(Marketwired - Aug. 24, 2016) - NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWSWIRE SERVICES. The Board of directors of Lamêlée Iron Ore Ltd. ("Lamêlée" or the "Company") (TSX VENTURE:LIR) today reports that Mr. Stéphane Leblanc ("Mr. Leblanc"), an insider of the Company, has acquired, during the period of August 2 to August 10, 2016, beneficial ownership of common shares Read More

  • Novo Resources To Purchase Previously-Optioned Projects From Talga Resources

    VANCOUVER, BC / TheNewswire / August 25, 2016 - Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) ("Novo" or the "Company") is pleased to announce that through its Australian subsidiary, Beatons Creek Gold Pty Ltd, it has entered into an agreement (the "Agreement") to purchase the Talga Talga, Warrawoona, and Mosquito Creek projects (each a "Talga Project" and, collectively, the "Talga Projects") from Talga Resources Ltd. ("Talga"), an Australian Stock Read More

  • Asiamet Resources Half-Year Results 2016

    White Rock, British Columbia (FSCwire) - The Asiamet Resources Limited (the "Company" or “ARS”) Financial Statements and Management Discussion & Analysis – Quarterly Highlights (“MD&A - QH”) for the six months ended June 30, 2016 are available for viewing on or The highlight of the half year to June 30, 2016 was the announcement on April 5, 2016, of the results of the independently prepared Preliminary Economic Read More

  • PJX Resources: Private Placement and Exploration Update

    Toronto, Ontario (FSCwire) - August 25, 2016 – PJX Resources Inc. (“PJX” or “the Company”) is pleased to announce that it has modified and completed a Non-Brokered Private Placement (the “Offering”).  The Company’s recently announced private placement offering of up to four million units (see July 12, 2016 press release) was oversubscribed and increased to 6,879,951 Units with gross proceeds of $1,080,215.  The Company undertook an Offering of Read More

  • Stans Energy Announces MOU for Lithium Stockpile and Mill

    Toronto, Ontario (FSCwire) - Stans Energy Corp. ("Stans" or the "Company") is pleased to announce that it has entered into a Memorandum of Understanding (the “MOU”) for an option to acquire 100% of Pervomayskiy GOK LLC (“PGOK”), a Russian limited liability corporation, the owner of a Lithium Mineralization Stockpile  (the “stockpile”), the Zabaikalsky Mill (the “mill”) and supporting infrastructure. Under the terms of the MOU, Stans and Read More

  • GB Minerals Announces Extension of Maturity Date of Convertible Promissory Note

    Vancouver, British Columbia--(Newsfile Corp. - August 25, 2016) - GB Minerals Ltd. (TSXV: GBL) (the "Company") is pleased to announce that is has entered into an agreement (the "Amendment Agreement") with A.B Aterra Resources Limited ("Aterra") to amend the terms of the convertible promissory note dated July 16, 2015 in the principal amount of C$1,000,000 (the "Principal Amount") originally payable on demand from January 31, 2017 (the "Promissory Read More

  • Glen Eagle Secures Two Additional Sources of Mineral Supplies

    MONTREAL, QUEBEC--(Marketwired - Aug. 25, 2016) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that it has secured two more sources of mineral supplies following agreements signed between Cobra Oro and two newly added groups of small miners. Cobra Oro will pay approximately 30% of the gold content delivered on site which has averaged just over 10 grams gold per Read More

  • Knick Exploration Active at Triple Lake Gold and VMS Property

    Val-d'Or, Quebec / TheNewswire / August 25, 2016, - Knick Exploration Inc. (TSX-V: KNX) is pleased to report that Knick's field crew has submitted 18 rock grab samples and 24 "B" horizon soil samples from a claim on the Triple Lake Gold and VMS property in the Timmins mining camp, Ontario. A total of 22 historical old trenches/pits were located from (circa 2 periods of exploration, 1925 and 1959). Read More

  • Oceanic Iron Ore Announces Power China International Work Program

    MONTREAL, QUEBEC--(Marketwired - Aug. 25, 2016) - Oceanic Iron Ore Corp. ("Oceanic" or the "Company") (TSX VENTURE:FEO) is pleased to announce the commencement of Power China International Group Limited's ("Power China Int'l") work program (the "Program") pursuant to the terms of the Pre Engineering Procurement and Construction ("EPC") Framework Agreement (the "Agreement"). Power China Int'l has started to mobilize its technical and management team to Quebec to complete Read More

  • Benton Resources Provides Company Update

    THUNDER BAY, ONTARIO--(Marketwired - Aug. 25, 2016) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to provide shareholders with an update on its ongoing exploration and plans. As previously announced, the Company and its joint venture partner Nordmin Engineering Ltd. ("Nordmin") have mobilized a drill to the Cape Ray project to commence a 5,000 metre drill program. The current drill program is designed to Read More

  • GobiMin Announces Second Quarter 2016 Results

    TORONTO, Aug. 25, 2016 /CNW/ - (TSXV: GMN) GobiMin Inc. ("GobiMin" or the "Company") reports its financial and operating results for the second quarter of 2016.  The unaudited condensed interim financial statements along with quarterly highlights of 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 June 30 12 months Read More

  • Canada Strategic Metals: Extension of Zone 25 to the Northwest at Sakami With Intersections of 1.62 g/t Au Over 64.50 Metres, Including 2.21 g/t Au Over 43.30 Metres and 3.46 g/t Au Over 11.50 Metres

    MONTREAL, QUEBEC--(Marketwired - Aug. 25, 2016) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF)and Matamec Explorations Inc. (TSX VENTURE:MAT)(OTCQX:MHREF) are pleased to report the results of the first of nine holes completed on the Northwest extension of Zone 25 (main zone) with an intersection of 1.62 g/t Au over 64.50 metres including 2.21 g/t Au over 43.30 metres and 3.46 g/t over 11.50 Read More

  • Samco Gold Releases Its Financial Statements and Management's Discussion & Analysis for the Three and Six Months Ended June 30, 2016

    TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) - Samco Gold Limited (TSX VENTURE:SGA) ("Samco Gold" or the "Company") today released its Unaudited Condensed Consolidated Interim Financial Statements and related Management's Discussion & Analysis ("MD&A") for the three and six months ended June 30, 2016. These Financial Statements and MD&A are available at the Company's website and at its profile on the SEDAR website at About Samco Gold Limited Read More

  • Eloro Resources Completes Financing

    TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro" or the "Corporation") is pleased to announce it has completed a previously announced non-brokered private placement (the "Private Placement") of 1,800,000 units of Eloro at a price of $0.30 per unit ("Units") for gross proceeds of $540,000. Each Unit consists of one Common Share and one half of one Common Share purchase warrant (a "Warrant"). Read More

  • Pacific Iron Ore Corporation Announces Update on Sale of Ontario Gold Properties

    CALGARY, ALBERTA--(Marketwired - Aug. 25, 2016) - Pacific Iron Ore Corporation (the "Corporation") (TSX VENTURE:POC) reports that it continues to work with the purchaser on the sale of its interests in the St. Anthony's gold project as well as its other Ontario properties. Efforts to close the transaction are ongoing and the Corporation anticipates that the transaction will close in the near future. Further announcements will be made Read More

  • Sage Gold Announces Non-Brokered Private Placement

    TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) - Private Placement - Sage Gold Inc. (the "Corporation") (TSX VENTURE:SGX) is pleased to announce that it intends to complete a non-brokered private placement (the "Offering"), subject to regulatory approval. The Offering will consist of the sale of approximately 3 million Units that include one common share of the Corporation issued on a flow through basis ("Flow - Through Share") plus one half (1/2) Read More

  • Graphite One Announces Change in Financial Year-End

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 25, 2016) - Graphite One Resources Inc. (TSX VENTURE:GPH)(OTCQX:GPHOF) ("Graphite One" or the "Company") announces that, effective in 2016, the board of directors of the Company has resolved that its financial year-end will be changed from September 30 to December 31 to be consistent with the Company's peers and align the Company's fiscal year with the mining project activities. To facilitate the change, Read More

  • Anglo Pacific Group PLC Half-Year Report: Interim Results for the Six Months Ended June 30, 2016

    LONDON, UNITED KINGDOM--(Marketwired - Aug 25, 2016) - Anglo Pacific Group PLC ("Anglo Pacific", the "Company", the "Group") (LSE: APF) (TSX: APY) is pleased to announce interim results for the six months ended June 30, 2016 which are available on both the Group's website at and on SEDAR at Click on, or paste the following link into your web browser, to view the associated PDF document. Read More

  • Pacific Booker Minerals Announces Claims in Good Standing

    Vancouver, British Columbia--(Newsfile Corp. - August 25, 2016) - Pacific Booker Minerals Inc. (TSXV: BKM) is pleased to confirm that the minerals titles held by the Company that have been in good standing until September 2016 have been updated and are now in good standing until 2021. If you would like to be added to or removed from our email newsgroup, please send your request by email to Read More

  • Wesdome Gold Mines Announces High Grade Gold Discovery at Kiena Complex in Val d'Or Quebec

    TORONTO, ON--(Marketwired - August 24, 2016) - Wesdome Gold Mines Ltd. (TSX: WDO) is pleased to announce exciting early underground drill results from the exploration program at its 100% owned Kiena Mine Complex located near Val d'Or, Quebec. HIGHLIGHTS: 94.35 grams per tonne (g/t) gold over 17.40 m uncut (18.03 g/t cut) in hole U-6124 223.12 g/t gold over 14.25 m uncut (18.59 g/t cut) in hole U-6125 Read More

  • PolyMet Submits Air Quality Permit Application to Minnesota Pollution Control Agency

    ST. PAUL, MINNESOTA--(Marketwired - Aug. 24, 2016) - PolyMet Mining Corp. (TSX:POM) (NYSE MKT:PLM) announced today that its wholly-owned subsidiary, Poly Met Mining, Inc. (together "PolyMet" or the "Company") submitted its air quality permit application to the Minnesota Pollution Control Agency, marking another step forward for the NorthMet Project. The permit is one of several major permits required to construct and operate the NorthMet copper-nickel-precious metals project located Read More

  • Skeena Releases Drill Results From Spectrum & Commences Drilling at Snip

    VANCOUVER, BC--(Marketwired - August 24, 2016) - Skeena Resources Limited (TSX VENTURE: SKE) ("Skeena" or the "Company") is pleased to announce initial drill results from the Spectrum gold-copper project ("Spectrum") and the commencement of drilling at the Snip gold project ("Snip"), both located in the Golden Triangle of northwest British Columbia. Walter Coles Jr., President & CEO of Skeena, stated, "We have two significant exploration programs underway. At Read More

  • Fission Uranium Hits >9000 cps 30m West of R840W; Drills New Area Beneath Triple R

    KELOWNA, BRITISH COLUMBIA--(Marketwired - Aug. 24, 2016) - FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce results from the summer drill program for the final 11 exploration drill holes (7 core holes and 4 Reverse Circulation (RC) holes) at its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. Three results are of particular importance: Approximately 600m west on strike Read More

  • Noront Resources Completes MacDonald Mines Acquisition and Provides Exploration Update

    TORONTO, ON--(Marketwired - August 24, 2016) - Noront Resources Ltd. ("Noront" or the "Company") (TSX VENTURE: NOT) is pleased to confirm the closing of the previously announced MacDonald Mines property acquisition, and provide an update about its ongoing exploration program. MacDonald Mines AcquisitionAs previously announced, Noront recently acquired the highly prospective Butler and Sanderson properties from Macdonald Mines increasing the Company's claim blocks in the Ring of Fire Read More

  • Pure Energy Minerals Options 1,520-acre Property in Clayton Valley from Cypress Development

    Vancouver, British Columbia--(Newsfile Corp. - August 24, 2016) - Pure Energy Minerals Limited (TSXV: PE) (FRANKFURT: A111EG) (OTCQB: PEMIF) (the "Company" or "Pure Energy") is pleased to announce that it has executed a definitive option agreement governing Cypress Development Corporation's ("Cypress") Clayton Valley Project ("Cypress Property" or "the Property"), subject to TSX Venture Exchange (the "Exchange") acceptance. The new option agreement grants Pure Energy the right to acquire Read More

  • IDM Mining Discovers High Grade Zone at Lost Valley; 33 Meter Long Trench Averages 18.7 g/t Au

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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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Goldrich Mining Company

Exchange/Ticker: OTCQB: GRMC
Main Asset: Chandalar Gold District
Operating Region: U.S./Alaska
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