• Kaizen Discovery Receives C$1.0 Million From Majority Shareholder HPX TechCo as a Partial Drawdown of Loan Facility

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2016) - Kaizen Discovery Inc. (TSX VENTURE:KZD) announced today that it has received C$1.0 million from its majority shareholder, HPX TechCo Inc., as a partial drawdown of a C$5.0 million unsecured, revolving loan facility from HPX. The C$5.0 million loan facility was established in 2013 as part of the reverse take-over transaction with HPX. On December 22, 2015, Kaizen announced that it Read More

  • Kinross Reports 2015 Fourth-Quarter and Full-Year Results

    TORONTO, ON--(Marketwired - February 10, 2016) - Kinross Gold Corporation (TSX: K) (NYSE: KGC) today announced its results for the fourth-quarter and year-end December 31, 2015. (This news release contains forward-looking information about expected future events and financial and operating performance of the Company. We refer to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on page 31 of this release. All Read More

  • Franco-Nevada to Acquire a Precious Metals Stream from Glencore for US$500 Million

    TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX:FNV)(NYSE:FNV) is pleased to announce that its wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation ("FNB") has agreed to acquire a precious metals stream with reference to production from the Antapaccay mine for US$500 million ("Glencore Stream"). The Antapaccay mine is located in Southern Peru and is wholly-owned and operated by Glencore plc and its subsidiaries ("Glencore"). "Franco-Nevada Read More

  • Agnico Eagle Reports Fourth Quarter and Full Year 2015 Results

    TORONTO, Feb. 10, 2016 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported a quarterly net loss of $15.5 million, or a net loss of $0.07 per share for the fourth quarter of 2015. This result includes a non-cash foreign currency translation loss on deferred tax liabilities of $8.6 million ($0.04 per share), various mark-to-market adjustment losses of $5.0 million Read More

  • Franco-Nevada Announces US$ 550 Million Bought Deal Financing

    TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX:FNV)(NYSE:FNV) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets, and Scotiabank, pursuant to which they have agreed to purchase, on a bought deal basis, 11,500,000 common shares of Franco-Nevada at a price of US$47.85 per common Read More

  • Coeur Reports Fourth Quarter and Full-Year 2015 Results

    CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE: CDE) reported 2015 revenue of $646.1 million, adjusted EBITDA1 of $101.2 million, adjusted net loss1 of $0.75 per share, and cash flow from operating activities of $113.5 million. The Company sold 335,882 ounces of gold and 16.5 million ounces of silver during 2015, a 38% increase and a 5% decrease compared to 2014, respectively. Adjusted all-in sustaining Read More

  • Nautilus Minerals Files Preliminary Prospectus for C$103M Rights Offering

    TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that it has today filed a preliminary short form prospectus within each province of Canada, other than Quebec, in respect of a rights offering to raise gross proceeds of up to C$103M through the issuance of rights to subscribe for an aggregate of 686,666,666 common shares at a subscription Read More

  • Primero Announces Cash Redemption of Its 6.5% Convertible Debentures at Maturity

    TORONTO, ON--(Marketwired - February 10, 2016) - (Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated.) Primero Mining Corp. ("Primero" or the "Company") (TSX: P) (NYSE: PPP) today announced it will be redeeming with cash its currently outstanding $48.1 million 6.5% senior unsecured convertible debentures due March 31, 2016 (the "Debentures"). Pursuant to the terms of the Debentures, the Read More

  • Lydian Announces Proposed US$40 Million Financing by IFC

    TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") is pleased to announce that International Finance Corporation ("IFC") has proposed to invest US$40 million in the Amulsar construction financing arrangement as announced by the Company on December 1, 2015. IFC participation may include: full or partial exercise of its preemptive right in respect of the US$80 million equity private placement to Orion Read More

  • Sherritt Announces Q4 and Year End 2015 Results

    TORONTO, ON--(Marketwired - February 10, 2016) - Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S), a world leader in the mining and refining of nickel from lateritic ores, today reported its financial results for the year ended December 31, 2015. "This has been a year of profound base metal and oil price weakness, with nickel down 40% and fuel oil down 50% in 2015. Operationally, we were Read More

  • Rio Tinto Canada Uranium Corporation Commences Drill Program on Forum's 40% Owned Henday Property, Athabasca Basin

    VANCOUVER, BC --(Marketwired - February 10, 2016) - Forum Uranium Corp. (TSX VENTURE: FDC) ("Forum") announces that Rio Tinto Canada Uranium Corporation ("RTCUC") has commenced a drill program with two diamond drill rigs at its 40% owned Henday property. Henday is strategically located north-east of the Denison/AREVA Midwest Lake deposit and RTCUC's Roughrider deposit and bordering AREVA/Denison's McClean Lake uranium mine and mill (see Figure 1). RTCUC is Read More

  • Eco Oro Minerals Responds to Communication of Colombian Constitutional Court

    VANCOUVER, Feb. 9, 2016 /CNW/ - Eco Oro Minerals Corp. ("Eco Oro" or the "Company") (TSX: EOM) announces that the Colombian Constitutional Court has issued Communication No. 4 of 2016 dated February 8, 2016 (the "Communication") (available at The Communication informs the public that certain provisions of Law 1753, 2015, known as the "National Development Plan", are unconstitutional. The National Development Plan, among other things, defines Read More

  • JOGMEC-Arena Joint Venture Discovers a Second Porphyry System

    TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Arena Minerals Inc. ("Arena" or "the Company") (TSX VENTURE:AN) is pleased to provide an exploration update for the program operated by the Company as part of the Japan Oil Gas and Mineral Exploration Company ("JOGMEC") US$17.5 million joint venture agreement. A total of 14,900 metres of primarily reverse circulation ("RC") drilling has been completed in 88 drill holes, as part of Read More

  • Hunt Mining Announces Definitive Agreement to Purchase Martha Mine

    LIBERTY LAKE, WASHINGTON--(Marketwired - Feb. 10, 2016) - Hunt Mining Corp. (the "Corporation") (TSX VENTURE:HMX) is pleased to announce that an Argentinian subsidiary of the Corporation has entered into a definitive agreement to buy the Martha Mine in Santa Cruz Province, Argentina from an Argentinian subsidiary of Coeur Mining, Inc. for total cash price of US$3.0 million. The Corporation believes the purchase paves the way for the transition Read More

  • Anaconda acquires another gold deposit and project; Expands its reach in Newfoundland

    TORONTO, Feb. 10, 2016 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) is pleased to report that on February 5, 2016 (the "Effective Date") it entered into an option agreement (the "Viking Agreement") with Spruce Ridge Resources Ltd. ("Spruce Ridge"), to acquire a 100% undivided interest in the Viking property ("Viking"), which contains the Thor-Trend Gold Deposit ("Thor Deposit"). The Thor Deposit contains a Read More

  • Select Sands Increases Silica (SiO2) Indicated Resource By 91% to 41.98 Million Tons at Sandtown Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2016) - Select Sands Corp. (TSX VENTURE:SNS)(OTC PINK:CLICF) (the "Company") is pleased to announce the completion of an updated mineral resource estimate for the Company's permitted Sandtown Project located in northeast Arkansas, USA ("Sandtown" or the "Project"). Tetra Tech of Vancouver, BC, Canada completed the update. The indicated silica sand resource of 22.0 Million Tons (20 Million Tonnes) reported in the Company's Read More

  • ATAC Resources Ltd. Announces 2016 Exploration Program at the Rackla Gold Project, Yukon

    VANCOUVER, BC --(Marketwired - February 10, 2016) - ATAC Resources Ltd. (TSX VENTURE: ATC) ("ATAC" or the "Company") announces plans for its fully-funded Phase I exploration and drilling program at its 100% owned Rackla Gold Project in east-central Yukon. ATAC is well-funded with approximately $16 million in its treasury. The proposed 2016 exploration program at the Rackla Gold Project will consist of Rotary Air Blast ("RAB") drilling at Read More

  • OZ Minerals Elects to Sole Fund Exploration to Completion of Feasibility Study at Carube Copper's Bellas Gate Joint Venture

    Ottawa, Ontario--(Newsfile Corp. - February 10, 2016) - Carube Copper Corp. (TSXV: CUC) announced today that its joint venture partner, OZ Minerals Limited, has elected to sole fund Phase 5 expenditures on the Bellas Gate Project (BGP) in Jamaica. By funding Phase 5, which includes all work to the completion of a feasibility study, OZ Minerals will earn an additional 10% interest in the project. The initial work Read More

  • TMAC Resources Makes First Draw Under US$120 Million Senior Secured Term Facility

    TORONTO, ON--(Marketwired - February 10, 2016) - TMAC Resources Inc. (TSX: TMR) ("TMAC" or the "Company") announces that it has made its first draw in the amount of US$50 million under the credit agreement (the "Credit Agreement") entered into with a syndicate of lenders including Sprott Resource Lending Partnership (as Agent) and Morgan Stanley Capital Group Inc., in July 2015 with respect to the US$120 million senior secured Read More

  • Dynacor Extends High-Grade Gold Raise-215 Vertically and Laterally at Tumipampa

    MONTREAL, QUEBEC--(Marketwired - Feb. 10, 2016) - Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) is pleased to release the final exploration results on the Manto Dorado Raise-215 and its lateral extensions at Tumipampa. Average gold, silver and copper grades found in the Raise and its extensions are reported in Table 1. Raise-215 has a total length of 83 meters an average true width of 1.18 m Read More

  • Plateau Uranium Files Technical Report for Updated PEA

    TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Plateau Uranium Inc. ("Plateau Uranium" or the "Company") (TSX VENTURE:PLU)(FRANKFURT:QG1) announced that it has filed today on SEDAR a technical report to support the updated Preliminary Economic Assessment (PEA) for its uranium projects located on the Macusani Plateau in the Puno District of southeastern Peru disclosed in the Company's press release of Janury 25, 2016. Details regarding the updated PEA can Read More

  • Katanga Mining Announces 2015 Year End and Fourth Quarter Production Results

    ZUG, SWITZERLAND, Feb. 10, 2016 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") today announces 2015 year end and fourth quarter production results. Highlights during the year ended December 31, 2015 Three months ended Twelve months ended Dec 31, Sep 30, Dec 31, Dec 31, 2015 2015 2014 2015 2014 Mining Waste mined tonnes 9,781,277 13,395,209 7,956,147 39,384,948 31,779,286 Ore mined tonnes 202,559 1,779,343 Read More

  • Explor Closes a Private Placement of Unsecured Convertible Debentures

    ROUYN-NORANDA, CANADA--(Marketwired - Feb. 10, 2016) - Explor Resources Inc. ("Explor" or the "Corporation") (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) announces that it has closed a non-brokered private placement of $300,000 (the "Placement"). The Placement consists of an amount of $300,000 in capital in unsecured convertible debentures (the "Debentures"). The Debentures bear interest at an annual rate of 8% and expire in one year from the closing of the Placement. Each holder Read More

  • Katanga Mining Announces Ore Reserves And Mineral Resources

    ZUG, SWITZERLAND, Feb.10, 2016 /CNW/ - Katanga Mining Limited (TSX: KAT) ("Katanga" or the "Company") is pleased to announce its ore reserve and mineral resource estimates as at December 31, 2015. Key Updates: Mineral Resources Overall, the measured and indicated mineral resource for Kamoto Copper Company SA ("KCC") (in which the Company has a 75% interest) decreased by 65.2 million tonnes. Change in the measured mineral resource Read More

  • Coeur Reports Year-End 2015 Mineral Reserves and Resources

    CHICAGO--(BUSINESS WIRE)--Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) announced year-end contained proven and probable mineral reserves of approximately 302.2 million silver equivalent ounces, a decrease of 88.5 million silver equivalent ounces compared to year-end 2014, primarily due to the reclassification of silver reserves at La Preciosa to resources and from the production of 35.6 million silver equivalent ounces, comprised of 15.9 million silver ounces Read More

  • Minera Alamos Inc. Provides Plans Regarding La Fortuna Gold Project

    TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Minera Alamos Inc. (TSX VENTURE:MAI) (the "Company" or "Minera Alamos") today provided additional details regarding their acquisition of the La Fortuna Gold Project located in Durango Mexico ("La Fortuna") announced in their press release dated January 18, 2016. "One of the primary factors in our decision to acquire La Fortuna is its advanced stage of development," said Chris Frostad, Minera Alamos' Read More

  • Caledonia Enters Into 6-Month Gold Price Hedge

    TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Caledonia Mining Corporation ("Caledonia") (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) advises that it has entered into a 6 month "cap and collar" hedge over 15,000 ounces of production using a "collar" value of US$1,050 per ounce and a cap value of US$1,080 per ounce. The hedge will provide Caledonia with greater certainty as to its cash flows in the period up to July 2016, by when Read More

  • American CuMo Mining Announces Silver Stream Funding and Details of Annual General Meeting

    Vancouver, British Columbia--(Newsfile Corp. - February 10, 2016) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to announce that Idaho CuMo Mining Corporation ("Idaho CuMo", a wholly-owned subsidiary of CuMoCo), has finalized an agreement with a private California-based investor for the purchase of up to twelve US$250,000 units (“Units") of the Company’s Silver Stream Debentures (see August 20, 2014 Press Read More

  • Avalon's Nechalacho Rare Earths Project to remain inactive in 2016, while the Company focuses on Lithium and Tin

    Toronto, Ontario--(Newsfile Corp. - February 10, 2016) - Avalon Rare Metals Inc. (TSX: AVL) (OTCQX: AVLNF) ("Avalon" or the "Company") provides the following update on activities on the Nechalacho Rare Earth Elements Project ("Nechalacho Project"), Thor Lake, NWT. Project work in calendar 2015 consisted mainly of concluding the ongoing metallurgical research, disposal of process waste materials and storage of bulk samples for future use. Rare Earths Markets Markets Read More

  • Cerro Grande Mining Corporation Provides Update Regarding Filing of Disclosure Documents

    TORONTO, Feb. 10, 2016 /CNW/ - Cerro Grande Mining Corporation (the "Company" or "CEG") (CSE:CEG) (OTCQB:CEGMF) is providing its first bi-weekly status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On January 27, 2016, the Company announced (the Default Announcement) that it will not be able to file its annual Financial Statements, annual MD&A and related CEO and CFO Read More

  • Melkior Plans Carscallen Timmins Drilling

    OTTAWA, ONTARIO--(Marketwired - Feb. 10, 2016) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR)(OTC PINK:MKRIF)(FRANKFURT:MEK) is pleased to announce that it has signed a Memorandum of Agreement to drill a minimum of 600 metres on its 100% owned Carscallen Township properties. Depending on availability of financing the program may be expanded. The initial program will be on the Big Marsh property. The main Carscallen property covers eight gold zones, Read More

  • Continental Gold Comments on Colombia's Constitutional Court Recently Issued Press Release

    TORONTO, ON--(Marketwired - February 10, 2016) - Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) ("Continental" or the "Company") announces that the Constitutional Court of Colombia has issued a press release in reaction to previous reports in the media, announcing that certain aspects of the National Development Plan (Law 1753) passed by congress in July 2015 are considered unconstitutional and that they intend to issue definitive rulings in this Read More

  • Puma Trenches 3.7% Cu at Turgeon Cu-Zn VMS Project in New Brunswick

    RIMOUSKI, QUEBEC--(Marketwired - Feb. 10, 2016) - Editors Note: There are two maps associated with this press release. Puma Exploration (TSX VENTURE:PUM) reports the 2015 fall exploration program at Turgeon Cu-Zn VMS project in northern New Brunswick. The Program at Turgeon was directed to locate precisely the extension of the favourable fertile mafic volcanic horizon hosting the known mineralized zones at Turgeon. The work also included the trenching Read More

  • Argex Titanium Defers Payment on its Convertible Debentures

    MONTREAL, QUEBEC--(Marketwired - Feb. 10, 2016) - Argex Titanium, Inc. (TSX:RGX) ("the Corporation" or "Argex"), an emerging producer of high-grade titanium dioxide (TiO2) used as white pigment in paint, plastic, paper, cosmetics and other applications, announced today that it had insufficient funds to meet the interest payment due on December 31, 2015 (the "December 31 Interest Payment") on the CDN$7.5 million principal amount of its 8% unsecured convertible Read More

  • Viscount Mining Announces Addition of Seasoned Business Executive to Advisory Board

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 9, 2016) - Viscount Mining Corp. (TSX VENTURE:VML) (OTCQB:VLMGF) ("Viscount" or "the Company"), is pleased to announce that business and mining executive Peter Espig has consented to join the Company's advisory board. Mr. Espig is active in the mining industry and has functioned in management roles and as a director for numerous mining companies. Mr. Espig is currently CEO and Director of Nicola Read More

  • Columbus Prepares to Resume Drilling at Eastside

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2016) - Columbus Gold Corporation (TSX:CGT) (OTCQX:CBGDF) is pleased to report that it plans to commence a follow-up drilling program at its Eastside gold project in Nevada on February 25th, 2016. Two drill rigs, a rotary rig and a core rig will be used and the preparation of access roads and drill sites is underway. The planned program includes 16,000 feet (4,850 Read More

  • North Arrow Closes Sale of Redemption Royalty Raising $800,000

    VANCOUVER, BC--(Marketwired - February 10, 2016) - North Arrow Minerals Inc. (TSX VENTURE: NAR) is pleased to announce that the transaction under which Umgeni Holdings International Limited ("Umgeni") agreed to acquire a royalty interest in North Arrow's Redemption Diamond Project for $800,000 has now closed. Umgeni is a private company of which Christopher Jennings, a director of North Arrow, is a beneficiary of the sole shareholder. The Redemption Read More

  • Callinex Discovers New Massive Sulphide Zone Near Flin Flon, Manitoba

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2016) - Callinex Mines Inc. (the "Company" or "Callinex") (TSX VENTURE:CNX)(OTCQX:CLLXF) is pleased to announce the discovery of a new Volcanogenic Massive Sulphide zone (the "VMS Zone") at the Pine Bay Project located near HudBay's 777 Mine and processing facilities in Flin Flon, Manitoba. The VMS Zone was encountered approximately 450m east of the Pine Bay deposit and historic underground workings (See Read More

  • Great Lakes Graphite Announces Commissioning of Matheson Micronization Facility

    TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) today announced that commissioning of the Matheson Micronization Facility located in Matheson, Ontario is now in progress. An electrical safety inspection was conducted this week on the recently completed work at the Matheson plant. Pursuant to the successful inspection, the Company is now enabled to begin energizing the Facility which Read More

  • Balmoral Resumes Drilling on Detour Trend Project

    VANCOUVER, BC--(Marketwired - February 10, 2016) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX: BAR) (OTCQX: BALMF) reports that drilling has resumed on the Company's Detour Trend Project in Quebec. The initial focus of drilling will be on testing a number of recent gold/base metal discoveries and targets on the Company's wholly owned Grasset and Fenelon properties. A second drill will begin turning on the Company's Martiniere Read More

  • Nevada Copper Announces Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or the "Company") is pleased to announce that it has filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada, except Québec, in connection with a fully marketed public offering (the Read More

  • TriMetals Mining Inc.: A Letter to the Shareholders

    VANCOUVER, BC--(Marketwired - February 10, 2016) - TriMetals Mining Inc. (TSX: TMI) (TSX: TMI.B) (OTCQX: TMIAF) (OTCQX: TMIBF). To The Shareholders:As we settle into the new year, there are signs for optimism, the gold price is going up and some of the other metals are starting to stabilize in price. Even iron ore prices in China seem to have started on an uptrend!Our corporate focus, the Gold Springs Read More

  • Major Production Cost Reduction Attribute Successfully Tested

    VANCOUVER, BRITISH COLUMBIA / TheNewswire / February 10, 2016 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (The "Company" or "NCM") announces that Phase 1 & 2 of the materials testing program being conducted in Norway was very successful. An effective, low cost heat transfer medium was found, that will enable efficient recovery of previously lost high grade heat from the magnesium production residue without Read More

  • Diamond Fields Announces Completion of Stage II of Offshore Marine Diamond Operations with IMDH

    Vancouver, BC / TheNewswire / February 10, 2016 - Diamond Fields International Ltd. (TSX-V: DFI) is pleased to announce that offshore marine diamond sampling operations on its Namibian concession ML-111 have been completed (see DFI press release dated Nov 16, 2015). These operations conclude the execution of Stage II of the Company's agreement with International Mining and Dredging Holding (Pty) Limited ("IMDH"), being the holding entity of the IMDH Read More

  • Nevada Sunrise Announces Private Placement

    VANCOUVER, Feb. 10, 2016 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) is pleased to announce that it has arranged a non-brokered private placement of up to 1,100,000 units (the "Units") at a price of $0.18 per Unit (the "Offering") for gross proceeds of up to $198,000. Each Unit will consist of one common share of the Company (a "Share") and one-half Read More

  • Durango Reviews Data on NMX East Property, Defines Exploration Targets

    Vancouver, BC / TheNewswire / February 10, 2016 - Durango Resources Inc. (the "Company" or "Durango") is pleased to report an update on its NMX East property, located adjacent to Nemaska Lithium Inc.'s rapidly advancing project located in the Eeyou Istchee / James Bay area of Quebec. The Company has completed an evaluation of historical data available on its NMX East claims and has defined a series of priority targets, Read More

  • Dundee Precious Metals Announces 2015 Fourth Quarter and Annual Results and 2016 Guidance

    TORONTO, ONTARIO--(Marketwired - Feb. 9, 2016) - All monetary figures are expressed in U.S. dollars unless otherwise stated) Dundee Precious Metals Inc. (TSX:DPM) - Financial and Operating Highlights: Metals production - Achieved annual record gold production including pyrites of 194,575 ounces; and copper production of 42.4 million pounds; All-in sustaining cost per ounce of gold - Averaged $620 in 2015, a decrease of 10% relative to 2014; Smelter - 196,107 tonnes of Read More

  • Declan Announces Receipt of Conditional Approval for Listing on the Canadian Securities Exchange

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 9, 2016) - Declan Resources Inc. ("Declan" or the "Company") (TSX VENTURE:LAN) announces that it has made an application to the TSX Venture Exchange ("TSXV") to voluntarily delist its common shares (the "Common Shares") from the TSXV in support of a listing of the Common Shares on the Canadian Securities Exchange ("CSE"). The Company has received conditional approval from the CSE and trading Read More

  • Gold Reach Resources Announces Positive Preliminary Economic Assessment for Ootsa Project

    VANCOUVER, Feb. 9, 2016 /CNW/ - Gold Reach Resources (TSX-V; GRV) ("Gold Reach" or the "Company") is pleased to announce the summary results of an independent Preliminary Economic Assessment ("PEA") on the Company's 100% owned copper-gold-molybdenum Ootsa Project ("Ootsa Project") in west-central British Columbia. The conceptual study demonstrates the potential to develop the Ootsa Project by means of contract mining and toll milling at low initial capital Read More

  • Ur-Energy Issues Amended Preliminary Economic Assessment for Lost Creek Property

    LITTLETON, Colo., Feb. 9, 2016 /CNW/ -- Ur-Energy Inc. (NYSE MKT: URG) (TSX: URE)(the "Company" or "Ur-Energy") announces that it has amended the Preliminary Economic Assessment of the Lost Creek Property, Sweetwater County, Wyoming (as originally filed on January 19, 2016, the "Original PEA" and as amended on February 8, 2016, the "Amended PEA"). At the request of the staff of the Ontario Securities Commission, the Amended Read More

  • Centerra Gold 2015 Year-End Reserve and Resource Update

    TORONTO, ON--(Marketwired - February 09, 2016) - Centerra Gold Inc. (TSX: CG) today issued its 2015 year-end estimates for reserves and resources. The Company has used a gold price of $1,200 per ounce as the basis for its reserve estimates. Highlights: Centerra's proven and probable reserves increased 9% to 8.4 million ounces of contained gold (112.5 Mt at 2.3 g/t gold) from 7.7 million contained ounces a year Read More

  • Richmont Increases Mineral Reserves by 187% and Island Gold Mine Increases Mineral Reserves by 206%, With a 29% Increase in Reserve Grade

    TORONTO, Feb. 9, 2016 /CNW/ - Richmont Mines Inc. (TSX - NYSE MKT: RIC) ("Richmont" or the "Corporation"), announces updated Mineral Reserves and Resources as of December 31, 2015, including a 206% increase in Mineral Reserves at the cornerstone Island Gold Mine to 561,700 gold ounces (net of depletion) at a Mineral Reserve grade of 8.26 g/t. The Beaufor Mine reported a 95% increase in Mineral Reserves to Read More

  • Excelsior Releases Updated Prefeasibility Study; Post-Tax NPV of $829 Million and Initial Capital Costs Reduced by 84% to $45.9 Million

    VANCOUVER, BC--(Marketwired - February 09, 2016) - Excelsior Mining Corp. (TSX VENTURE: MIN) (FRANKFURT: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") is pleased to announce the results of a comprehensive Updated Prefeasibility Study ("Updated PFS") on the North Star Deposit of the Gunnison Copper Project, located in Cochise County, southeastern Arizona. The project is designed as a copper in-situ recovery ("ISR") mine using solvent extraction-electrowinning ("SX-EW"). The Updated Read More

  • Platinum Group Metals Reports Completed Hot Commissioning Test for the Maseve (WBJV Project 1) Platinum Mine

    VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA--(Marketwired - Feb. 9, 2016) - Platinum Group Metals Ltd. (TSX:PTM)(NYSE MKT:PLG) ("Platinum Group" or the "Company") reports the Maseve (formerly WBJV Project 1) Platinum Mine has successfully completed its 72 hour run test during Hot Commissioning of its concentrator facility. The mine has produced its first concentrate for delivery to the Anglo Platinum Waterval smelter 40 kms to the south of Read More

  • Denison Announces Intersection of High-Grade Uranium Mineralization Near the Gryphon Deposit

    TORONTO, ONTARIO--(Marketwired - Feb. 9, 2016) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to announce the discovery of a new high-grade uranium intersection near the Gryphon deposit on Denison's 60% owned Wheeler River property in Northern Saskatchewan. Drill hole WR-633D1, located approximately 100 metres north of the Gryphon deposit, intersected approximately 11 metres of basement-hosted uranium mineralization including intervals of 5.7% eU3O8 over Read More

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VANCOUVER, Aug. 11, 2015 /CNW/ - Kootenay Silver Inc. ("Kootenay" or the "Company") (TSX Venture: KTN.V) is pleased to announce that, further to its press release dated July 16, 2015, it has closed the initial tranche of its non-brokered private placement (the "Private Placement") and issued an aggregate of 3,586,500 units (each a "Unit") at a purchase price of $0.30 per Unit raising gross proceeds to the Company of $1,075,950. The Company anticipates closing the balance of the Private Placement shortly and will provide an update in due course. 

Each Unit consists of one common share ("Common Share") and one transferable share purchase warrant ("Warrant") of Kootenay. Each Warrant entitles the holder to acquire one Common Share at an exercise price of $0.55 until August 10, 2017.   Upon approval by the TSX Venture Exchange, cash finder's fees to arm's length parties totaling $7,110 and the issuance of 96,000 finders units (the "Finders Units"), have been paid on this portion of the Private Placement.  The Finders Units consist of one Common Share and one non-transferable common share purchase Warrant. All securities issued in connection with the Private Placement are subject to a hold period which expires on December 11, 2015.

The net proceeds from the Private Placement will be used to finance additional work on Kootenay's Promontorio property, which includes the new La Negra Breccia discovery, its other properties and for general working capital.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

La Negra Silver Discovery

The La Negra Breccia prospect is situated approx. 6.5 kms north of Kootenay's Promontorio silver mineral resource property in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' Initial exploration on La Negra included a successful trenching and surface sampling program that confirmed extensive silver mineralization over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). A follow up Phase I drill program on La Negra returned significant and consistent intervals of high grade, widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery.

Results from a recent Phase II drilling program on La Negra have further confirmed the continuity of silver grades and the consistency of silver mineralization to depth within the core of the diatreme breccia. (See news releases from March 31st, April 30th and May 20th, 2015 for more details). This has set the stage for the advanced future development of La Negra and reinforces its future potential as a low-cost, open pittable silver resource. At present, drill results from the program are being compiled and collated in a 3D model showing the geologic controls and assay results. This compilation will be used to design the next drill phase, which is expected to be announced in the near future.

To view full results of the sampling and drill program on the La Negra property, visit:

The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay.


Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution.

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

Forward-Looking Statements: The information in this news release has been prepared as at August 10, 2015.  Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws.  These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Kootenay as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies.  Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made.  Except as otherwise required by law, Kootenay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Kootenay's expectations or any change in events, conditions or circumstances on which any such statement is based. More particularly, this release contains statements concerning the closing of the balance of the Private Placement and the commencement of the next phase of a drilling program on the La Negra property. Accordingly, there is a risk that the Private Placement will not be completely sold, completed within the anticipated time or at all, and that the drilling program will not be commenced or completed as currently contemplated.. 

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, the completion of the Private Placement, the proposed use of the proceeds of the Private Placement, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

This press release uses the terms "Measured", "Indicated", and "Inferred" resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.

SOURCE Kootenay Silver Inc.


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