• Turquoise Hill Announces Oyu Tolgoi Notice to Proceed and 2016 Feasibility Study Approved

    VANCOUVER, BC--(Marketwired - May 06, 2016) - Turquoise Hill Resources today announced that Oyu Tolgoi has received the formal notice to proceed approval by the boards of Turquoise Hill, Rio Tinto and Oyu Tolgoi LLC respectively, which was the final requirement for the re-start of underground development. As part of that process, the 2016 Oyu Tolgoi Feasibility Study (the "2016 Feasibility Study") has been completed. Underground construction is Read More

  • Coro Intersects Further Substantial Copper Mineralization at Marimaca Highlighted by 150m @ 1.13% Cut from Surface

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 6, 2016) - Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to announce the results of the remaining 8 holes from a recently completed 16 hole, 2680m reverse circulation (RC) drilling program at its Marimaca copper project, located 22km E of the port of Mejillones in the II Region of Chile, (Figure 1). Results for the first 8 holes were released Read More

  • Frontline Announces Acquisition of Rainy River Properties Strategically Located Adjacent to Chalice Gold's Cameron Gold Project

    Toronto, Ontario--(Newsfile Corp. - May 6, 2016) - Frontline Gold Corporation (TSXV: FGC) ("Frontline" or the "Company") is pleased to announce that it has, subject to regulatory approval, acquired a 100% interest in seven (7) gold properties in the Rainy River area of Ontario, ("Rainy River Properties") which are strategically located adjacent to Chalice Gold Mines Limited's Cameron Gold Project ("Chalice Gold's Cameron Gold Project") in the Rainy Read More

  • Stillwater Mining Company Reports First Quarter 2016 Results

    LITTLETON, Colo., May 06, 2016 (GLOBE NEWSWIRE) -- Stillwater Mining Company (NYSE:SWC) today reported financial results for the quarter ended March 31, 2016. First Quarter 2016 Highlights: All-in sustaining costs (AISC)* of $613 per mined ounce of palladium and platinum, down 19.7% from $763 per mined ounce for the first quarter of 2015 Cash and cash equivalents plus highly liquid investments of $452.4 million at quarter end Read More

  • Marathon Gold Announces Closing of C$3.0 Million Private Placement

    TORONTO, ON--(Marketwired - May 06, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) is pleased to announce the closing of its previously-announced bought deal private placement (the "Offering") underwritten by Canaccord Genuity Corp ("Canaccord" or the "Underwriter"). The Offering size was increased from the original size announced in Marathon's press Read More

  • Energy Fuels Announces Q1-2016 Results

    LAKEWOOD, CO, May 6, 2016 /CNW/ - Energy Fuels Inc. (NYSE MKT:UUUU; TSX:EFR) ("Energy Fuels" or the "Company"), today reported its financial results for the quarter ended March 31, 2016. The Company's quarterly report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission ("SEC"), and may be viewed on the Electronic Document Gathering and Retrieval System ("EDGAR") at, on the System for Read More

  • Critical Elements Corporation: Lepidico Exercised Lemare Option

    MONTREAL, QUEBEC--(Marketwired - May 6, 2016) - Critical Elements Corporation ("Critical Elements" or the "Company") (TSX VENTURE:CRE)(OTCQX:CRECF)(FRANKFURT:F12) is pleased to announce that Platypus Minerals Ltd (ASX:PLP) ("Platypus") completed its due diligence over the Lemare lithium project in Quebec, Canada, and has directed Lepidico Ltd ("Lepidico") to proceed with exercise of the Lemare Option. The Lemare lithium project is located in the James Bay region of Quebec, Canada and Read More

  • Abitibi Royalties Update on Royalties at Canadian Malartic Mine

    VAL-D'OR, QUÉBEC--(Marketwired - May 6, 2016) - Abitibi Royalties Inc. (TSX VENTURE:RZZ) ("Abitibi Royalties" or the "Company") is pleased to provide an update on the Company's net smelter royalties ("NSR") at the Canadian Malartic mine near Val-d'Or, Québec. The information contained in this news release is based on disclosure made by Yamana Gold Inc. ("Yamana") in their Q1-2016 news release (May 4, 2016) and Q1-2016 Results Conference Call Read More

  • Cyprium Mining Corporation Provides Update on Filing of 2015 Financial Statements

    MONTREAL, May 6, 2016 /CNW/ - Cyprium Mining Corporation (TSXV: CUG) ("Cyprium" or the "Company") wishes to inform its shareholders that it intends to file its audited financial statements and Management Discussion and Analysis for the fiscal year ended December 31st, 2015 on or around May 15th, 2016 which is past the statutory deadline of April 29th. Mr. Alain Lambert, Chairman and CEO of Cyprium stated: "While Read More

  • Vanstar-Nelligan Project Update

    LA PRAIRIE, QUEBEC--(Marketwired - May 6, 2016) - The management of Vanstar Resources Inc. (TSX VENTURE:VSR) provides an update of the exploration program currently underway on the Nelligan project, located in the Chapais-Chibougamau area. A campaign of 4,546 meters of diamond drilling, completed in recent days, comprising 13 holes was executed to test 1) the lateral and depth extensions of Liam and Dan mineralized zones, 2) some induced Read More

  • Bold Ventures Announces Final Closing of Non-Brokered Private Placements

    TORONTO, ONTARIO--(Marketwired - May 6, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Bold Ventures Inc. (TSX VENTURE:BOL) (the "Company" or "Bold") is pleased to announce that, further to its Press Releases of April 21, 2016 and April 22, 2016, it has closed the final tranches of its non-brokered private placements (the "Offering") with the sale of 2,900,000 flow-through units Read More

  • Oban Files Circular for Annual and Special Meeting

    TORONTO, ONTARIO--(Marketwired - May 6, 2016) - Oban Mining Corporation (TSX:OBM) (the "Corporation") is pleased to announce that it has filed a management information circular (the "Circular") and related proxy materials in advance of its annual and special meeting of shareholders ("Shareholders") to be held on June 7, 2016 (the "Meeting"). The Meeting will be held for the following purposes: to receive and consider the financial statements of Read More

  • Sarama Resources to Extend Warrants

    VANCOUVER, BC--(Marketwired - May 06, 2016) - Sarama Resources Ltd. (the "Company") announces that it intends to extend the expiry date of 10,496,183 warrants, subject to TSX Venture Exchange acceptance, that were issued in connection with its mid-2014 non-brokered private placement. The term of the warrants will be extended by one year. All other terms and conditions of the warrants will stay the same. The following warrants will Read More

  • Gensource announces closing of the first tranche of non-brokered private placement

    SASKATOON, May 6, 2016 /CNW/ - Further to its news releases dated April 21 and 23, 2016, Gensource Potash Corporation ("Gensource" or the "Company") (TSX.V: GSP) is pleased to announce that it has completed tranche one of its previously announced non-brokered private placement financing (the "Offering"). Tranche one of the Offering consisted of the sale of 24,910,285 units (the "Units") at $0.07 per Unit for aggregate gross Read More

  • Crown Mining Proposed $250,000 Non-Brokered Private Placement

    Toronto, Ontario--(Newsfile Corp. - May 6, 2016) - Crown Mining Corporation (TSXV: CWM) ("Crown" or the "Company") announces a proposed non-brokered private placement for aggregate gross proceeds of up to $250,000 comprised of up to 2,500,000 units at a price of $0.10 per unit (each such unit being comprised of one common share and one warrant) (the "Offering"). Each whole warrant will entitle the holder to purchase one Read More

  • New Carolin Engages Mr. Ron Cooper For Capital Markets Support

    Vancouver British Columbia / TheNewswire / May 6 2016 -- New Carolin Gold Corp. (the "Company" or "New Carolin") (TSXV: LAD / OTC PK: LADFF) The Company is pleased to announce that it has entered into an agreement with Mr. Ron Cooper, to assist the Company with its capital market plans. Mr. Cooper graduated from the University of Memphis with a B.Sc. in finance in 1980. After working for several Read More

  • Minfocus Exploration Announces Private Placement With Flow-Through Shares to Initiate Drilling on Its Coral Project

    TORONTO, ON--(Marketwired - May 06, 2016) - Minfocus Exploration Corp. (TSX VENTURE: MFX) ("Minfocus" or the "Company") is pleased to announce a non-brokered private placement of up to 5,000,000 units for gross proceeds of up to $250,000, which may be closed in tranches. The private placement will comprise both flow-through units and non-flow-through units. Each non-flow-through unit ("NFT Unit") will be offered at a price of $0.05 per Read More

  • Turquoise Hill Announces Financial Results and Review of Operations for the First Quarter of 2016

    VANCOUVER, BC--(Marketwired - May 05, 2016) - Turquoise Hill Resources today announced its financial results for the quarter ended March 31, 2016. All figures are in U.S. dollars unless otherwise stated. HIGHLIGHTS Oyu Tolgoi achieved an excellent safety performance with an All Injury Frequency Rate of 0.21 per 200,000 hours worked for the three months ended March 31, 2016. Oyu Tolgoi recorded revenue of $422.7 million in Q1'16, Read More

  • Sandstorm Gold Announces First Quarter Results

    VANCOUVER, May 5, 2016 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the first quarter ended March 31, 2016 (all figures in U.S. dollars). - FIRST QUARTER HIGHLIGHTS Attributable gold equivalent ounces sold1 of 11,381 ounces (Q1 2015 – 12,460 ounces); Revenue of $13.4 million (Q1 2015 - $15.3 million); Average cash cost per attributable gold equivalent ounce of Read More

  • Peregrine Announces Maiden Inferred Mineral Resource of 4.23 Million Carats in 5 Million Tonnes for the Top 240 Metres of the CH-7 Kimberlite

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (TSX:PGD) is pleased to announce a maiden Inferred Mineral Resource estimate for the CH-7 kimberlite pipe at the Company's 100 percent owned Chidliak Diamond Project, Nunavut, Canada. Key elements of the announcement are: An Inferred Mineral Resource of 4.23 million carats of diamonds in 4.99 million tonnes of CH-7 kimberlite, to a depth Read More

  • NexGen Energy Ltd. - Hole AR-16-76c1 Returns 67.5 m at 11.29% U3O8 including 9.0 m at 51.35% U3O8 and 0.5 m at 79.80% U3O8

    VANCOUVER, May 5, 2016 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSXV:NXE, OTCQX:NXGEF) is pleased to report assay results for thirteen angled holes from our highly successful winter 2016 drilling program on our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Hole AR-16-76c1 has intersected 67.5 m at 11.29% U3O8 in the higher grade A2 sub-zone (the "Sub-Zone"). The intercept includes 9.0 m at 51.35% Read More

  • Stornoway Intersects Kimberlite at Adamantin Project

    LONGUEUIL, Quebec, May 05, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corporation (TSX:SWY); (the “Corporation” or “Stornoway”) is pleased to announce the discovery of kimberlite at its 100% owned Adamantin Project located approximately 100km south of the Renard Diamond Project and 25km west of the Route 167 Extension in north central Québec. To date 11 distinct kimberlite bodies have been identified, with intersections of up to 13.7 meters Read More

  • Richmont Mines' Exploration Drilling Continues to Intersect Significant Gold Mineralization at Island Gold Both Laterally and at Depth and Intersects 9.71 g/t Over 8.00 Metres at the Kremzar Mine Regional Target

    TORONTO, May 5, 2016 /CNW/ - Richmont Mines Inc. (TSX - NYSE MKT: RIC) ("Richmont" or the "Corporation"), is providing an update on the previously announced Island Gold exploration drilling program (Figure 1), which continues to demonstrate the significant potential of the cornerstone Island Gold Mine. The exploration drilling program commenced in September 2015 and is now focused on three key priorities: 1) Testing the lateral continuity of Read More

  • Results of voting at 2016 annual general meetings of Rio Tinto plc and Rio Tinto Limited

    The annual general meetings of Rio Tinto plc and Rio Tinto Limited were held on 14 April 2016 and 5 May 2016 respectively. All resolutions were passed by poll and the results are set out below. Under Rio Tinto's dual listed companies structure established in 1995, decisions on significant matters affecting shareholders of Rio Tinto plc and Rio Tinto Limited in similar ways are taken through Read More

  • McEwen Mining Q1 2016 Operating & Financial Results

    TORONTO, May 05, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce consolidated quarterly production of 37,958 gold equivalent ounces(1) and earnings from mining operations of $19.5 million(2)(3) for the three months ended March 31, 2016 (“Q1”). The El Gallo Mine in Mexico had an outstanding quarter, producing at total cash costs and all-in sustaining costs (“AISC”) per gold equivalent ounce of $432 Read More

  • Endeavour Silver Announces At-The-Market Offering of up to US$40 Million

    VANCOUVER, BC--(Marketwired - May 05, 2016) - Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces it has entered into a sales agreement dated May 5, 2016 (the "Sales Agreement") with Cowen and Company, LLC ("Cowen"), pursuant to which the Company may, at its discretion and from time-to-time during the term of the Sales Agreement, sell, through Cowen, as agent or principal, such number of common shares of the Read More

  • Kaminak Announces 2016 Coffee Gold Project Budget of $29.0 Million and Cash Proceeds of $14.4 Million from Warrants Exercise

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Kaminak Gold Corporation (TSX VENTURE:KAM) ("Kaminak" or the "Company") today announced that the Board of Directors has approved a $29.0 million, 2016 budget in support of its development-track Coffee Gold Project located 130 km south of Dawson City in Yukon Territory, Canada. The 2016 program will consist of environmental baseline, permitting and exploration activities designed to de-risk and advance the Read More

  • Claude Generates Adjusted Net Earnings of $9.1 Million in Q1

    SASKATOON, SASKATCHEWAN--(Marketwired - May 5, 2016) - Claude Resources Inc. (TSX:CRJ)(OTCQB:CLGRF) - (All dollar amounts are in Canadian dollars unless stated otherwise) Highlights: Seabee Gold Operation awarded the John T. Ryan safety award for 2015; Gold production of 20,672 ounces, the second highest quarterly production in Company history; All-in sustaining cost per ounce of gold sold (1) of $1,328 (U.S. $967); Adjusted earnings of $9.1 million, or $0.05 per Read More

  • MGX Minerals Closes Oversubscribed Private Placement for Alberta Lithium Project

    VANCOUVER, BRITISH COLUMBIA / TheNewswire / May 5, 2016 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / FKT: 1MG) is pleased to announce it has closed the previously announced non-brokered private placement (the "Private Placement") (see press release dated April 18, 2016). Due to over-subscribed demand the Company has raised gross proceeds of CA$615,000 through the issuance of 6,150,000 Units (the "Units"). Each Unit is comprised of Read More

  • Arizona Mining Expands Taylor Deposit with Step Out Drilling Including 61.5 Feet Grading 11.7% Zinc, 17.3% Lead And 9.3 Opt Silver in HDS-338 And 57 Feet Grading 22.6% Zinc, 23.0% Lead and 8.8 Opt Silver In HDS-339

    VANCOUVER, May 5, 2016 /CNW/ - Arizona Mining Inc. (TSX: AZ) ("Arizona Mining" or the "Company") is pleased to announce the results for the first two drill holes targeting the expansion of the Taylor Zn-Pb-Ag sulfide deposit located on its Hermosa Project in Santa Cruz County, Arizona USA. The drill holes, HDS-338 and HDS-339, are significant step outs from the resource announced on February 1, 2016 (see Read More

  • Dalradian Announces New Mineral Resource Statement for Curraghinalt, Including a 109% Increase in Measured & Indicated Gold Ounces

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") announces an updated mineral resource statement on the Curraghinalt gold deposit in Northern Ireland, including a 109% increase in gold ounces contained in the Measured and Indicated categories compared with the 2014 resource. As more drilling has been done and the confidence of the resources has increased, the grade has also increased. This Read More

  • Dundee Precious Metals' Shareholders Elect All 10 Nominees to the Board of Directors and 95% Support Executive Compensation Program

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Dundee Precious Metals Inc. (TSX:DPM) (the "Company" or "DPM") held its Annual General Meeting of shareholders in Toronto today and is pleased to announce the results of voting. A total of 100,317,264 shares (approximately 71% of the outstanding common shares) were represented, in person or by proxy, demonstrating strong support for the election of its nominees as directors and for the Read More

  • Copper Lake Announces Agreement to Acquire Additional Interest in Marshall Lake Property

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Copper Lake Resources Ltd. (TSX VENTURE:CPL)(FRANKFURT:W0I) ("Copper Lake" or the "Company") is pleased to announce that it has reached an agreement to acquire the 31.25% interest in the Marshall Lake property currently held by Marshall Lake Mining Limited ("MLMP"), a privately held UK based company. This acquisition will give Copper Lake a 68.75% interest in the property. In consideration, the Company Read More

  • Quest Announces Election of Directors

    MONTRÉAL, QUÉBEC--(Marketwired - May 5, 2016) - Quest Rare Minerals Ltd. (TSX:QRM) is pleased to announce that all of the nominees listed in its management proxy circular dated March 28, 2016, were re-elected as directors at Quest's annual and special meeting of shareholders held yesterday in Montreal. According to proxies received and ballots cast at the meeting, the following individuals were re-elected as directors of Quest, with the Read More

  • Alloycorp Files First Quarter Financials and Announces Share Issuance

    TORONTO, ON--(Marketwired - May 05, 2016) - Alloycorp Mining Inc. (TSX VENTURE: AVT) ("Alloycorp" or the "Company") announced today that it has filed financial statements and related management's discussion and analysis for the first quarter of 2016. Both are available under the Company's profile on SEDAR at The Company also announces further to its news release of April 22, 2016 the consolidation of its common shares on Read More

  • North American Palladium Announces First Quarter 2016 Results

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL)(OTC PINK:PALDF) today announced financial and operational results for the three months ended March 31, 2016 from its Lac des Iles palladium mine ("LDI") in northwestern Ontario. Q1 2016 Results Summary Produced 40,216 ounces of payable palladium at an All-Inclusive Sustaining Cost(1) ("AISC") of US$ 643 per ounce compared to 45,129 ounces of Read More

  • Uranium Participation Corporation Reports Financial Results for the Year Ended February 29, 2016

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Uranium Participation Corporation (TSX:U) ("UPC" of the "Corporation") reports results for the year ended February 29, 2016. All amounts are in Canadian dollars unless otherwise noted. Total equity ("Net Asset Value") decreased by $81.6 million in the year ended February 29, 2016, mainly Read More

  • Contango ORE, Inc. Announces Earnings for the Quarter Ended March 31, 2016

    HOUSTON--(BUSINESS WIRE)--Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced today that it filed its Form 10-Q for the quarter ended March 31, 2016 with the Securities and Exchange Commission. The Company reported a net loss of $0.2 million or ($0.05) per basic and diluted share for the three months ended March 31, 2016 compared to a loss of $0.3 million or $(0.09) per basic Read More

  • Platinum Group Metals Announces US$33 Million Bought Deal Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Platinum Group Metals Ltd., (TSX:PTM)(NYSE MKT:PLG) (the "Company" or "Platinum Group Metals") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets under which the underwriters have agreed to buy on a bought deal basis 11,000,000 common shares (the "Common Shares"), at a price of US$3.00 per Common Share for Read More

  • Avrupa Minerals Announces Initial Gold Resource at Slivovo, Kosovo

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Initial NI 43-101 resource model and estimation completed 640,000 mt @ 4.8 g/t gold; 14.68 g/t silver - Indicated Mineral Resource 98,700 ounces gold and 302,000 ounces silver Partner Byrnecut International Ltd. decides to move to PFS stage Avrupa Minerals Ltd. (TSX VENTURE:AVU)(FRANKFURT:8AM) is pleased to announce that Giroux Consultants Ltd. ("Giroux") has completed an initial Indicated Mineral Resource for the main Read More

  • Yamana Gold Announces Voting Results from Annual Meeting of Shareholders

    TORONTO, ONTARIO--(Marketwired - May 5, 2016) - YAMANA GOLD INC. (TSX:YRI) (NYSE:AUY) herein announces the results of the votes held earlier today at the annual meeting of shareholders for the election of directors, the appointment of auditors and the advisory resolution on executive compensation. Detailed results of the votes are presented below. Voting results for the election of directors are as follows: Nominee Outcome of Vote Votes By Read More

  • Antioquia Announces Cisneros Project Update

    CALGARY, ALBERTA--(Marketwired - May 5, 2016) - Antioquia Gold Inc. ("Antioquia" or the "Company") (TSX VENTURE:AGD) is pleased to provide an update on the progress at its Cisneros Project in Colombia as of May 4, 2016. The following is a summary of additional milestones that have been achieved at the Guaico deposit: main tunnel development (cross section 4.5 m wide by 4 m high) continues to progress well. Read More

  • Franco-Nevada Announces Election of Directors

    TORONTO, May 5, 2016 /CNW/ - Franco-Nevada Corporation (TSX: FNV; NYSE: FNV) announced that the nominees listed in the management proxy circular for the 2016 Annual and Special Meeting of Shareholders were elected as directors of the Corporation. Detailed results of the vote for the election of directors held at the Annual Meeting yesterday in Toronto are set out below. Nominee Votes For % For Votes Withheld % Withheld Read More

  • Freegold Ventures Provides Additional Details Regarding Its Proposed Equity Financing

    VANCOUVER, May 5, 2016 /CNW/ - Freegold Ventures Limited ("Freegold" or the "Corporation") (TSX:FVL) is pleased to announce that it will file an amended and restated preliminary short form prospectus to provide additional details concerning its previously announced proposed marketed offering of units (the "Units"). The Corporation will offer a minimum of 16,666,667 (the "Minimum Offering") and a maximum of 55,555,555 Units (the "Maximum Offering") at a Read More

  • Treasury Metals Announces Exercise of Over-Allotment Option and Private Placement Increased to $4,000,000

    TORONTO, May 5, 2016 /CNW/ - Treasury Metals Inc. ("Treasury Metals" or the "Company") is pleased to announce Haywood Securities Inc., the agent for the Company's previously announced brokered private placement financing of up to 4,200,000 units of the Company ("Units") at price of C$0.48 per Unit (the "Brokered Offering"), has elected to exercise their over-allotment option in full to sell up to an additional 2,100,000 Units, Read More

  • Auryn Resources Commences Spring Mobilization and Exploration Programs at the Committee Bay Gold Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Auryn Resources Inc. (TSX VENTURE:AUG)(OTCQX:GGTCF) ("Auryn" or the "Company") is pleased to announce the initiation of the spring mobilization and exploration program at the Committee Bay gold project ("Committee Bay") located in Nunavut, Canada. The spring mobilization is well underway to stage fuel and exploration supplies in support of the upcoming belt wide summer exploration program. Shawn Wallace President and Read More

  • Solitario Announces Strategic 9.97% Equity Investment in Vendetta Mining

    DENVER--(BUSINESS WIRE)--Solitario Exploration & Royalty Corp. (“Solitario;” NYSE MKT: XPL; TSX: SLR) announces that it has made a strategic 9.97% equity investment in Vendetta Mining Corp. (“Vendetta”). Solitario purchased 7,240,000 units of Vendetta for total consideration of Cdn$362,000. Each unit consists of one common share priced at Cdn$0.05 per share and one full warrant with a two-year term and exercisable at Cdn$0.10. The strategic investment was Read More

  • Polaris Announces Q1 2016 Financial Results

    VANCOUVER, May 5, 2016 /CNW/ - Polaris Materials Corporation (TSX:PLS) (the "Company" or "Polaris") today reported the financial results for its first quarter ending March 31, 2016. All currencies are US dollars unless otherwise noted. HIGHLIGHTS Long Beach has trended ahead of our initial sales expectations, with the recent completion of the Oceanwide Plaza foundation pour and ongoing daily deliveries for several large projects contributing to Q1 Read More

  • Vendetta Mining Closes $2.5 Million Private Placement and Strategic 9.9% Equity Investment by Solitario Exploration and Royalty

    Vancouver, British Columbia--(Newsfile Corp. - May 5, 2016) - Vendetta Mining Corp. (TSXV: VTT) ("Vendetta" or the "Company") is pleased to announce that it has closed an oversubscribed private placement announced on March 3, 2016 (and revised April 18th, 2016). The Company issued a total of 50,000,000 units at a price of $0.05 per unit for gross proceeds of $2,500,000, each unit comprising one share and one share Read More

  • Visible Gold Mines provides update on its winter diamond drilling program

    ROUYN-NORANDA, QC, May 5, 2016 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) is pleased to provide an update on the previously-announced winter diamond drilling program on its 167 Project, which was completed at the end of April 2016. During this three-phase diamond drilling program, Visible Gold Mines drilled twelve diamond drill holes totaling approximately 2,493 metres. During the first phase of the program, Read More

  • Osisko Announces the Election of Its Board of Directors

    MONTRÉAL, QUÉBEC--(Marketwired - May 5, 2016) - Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (TSX:OR) announces that, at the annual meeting of shareholders held on May 4, 2016, each of the 9 nominees listed in the Management Information Circular filed on April 7, 2016 with regulatory authorities were elected as directors of the Corporation. Based on the proxies received and the votes on a show of hands, Read More

  • Kootenay Announces Sampling Results at La Soledad Zone, La Cigarra Project, Mexico

    VANCOUVER, May 5, 2016 /CNW/ - Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce positive sampling results at the La Soledad Zone ("La Soledad") on its La Cigarra silver project located in Chihuahua State, Mexico. La Soledad, situated approximately 1,000 metres south of the main La Cigarra silver deposit (Las Carolinas Zone) and 500 metres south of the Las Venadas Zone, contains Read More

  • San Marco and GlobeTrotters Sign Alliance Agreement to Generate and Acquire Mineral Targets in Northern Mexico

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - San Marco Resources Inc. (TSX VENTURE:SMN) ("San Marco") and GlobeTrotters Resource Group Inc. ("GlobeTrotters") have signed a formal Alliance Agreement respecting their initiative to generate and acquire new high potential mineral targets primarily in the state of Sonora, Mexico announced on March 7, 2016. Pursuant to the Agreement, GlobeTrotters has acquired imagery and data files for the state of Sonora Read More

  • GoldQuest Granted Additional Exploration License; Geophysical Anomalies Update

    VANCOUVER, BC--(Marketwired - May 05, 2016) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to announce that the Government of the Dominican Republic has re-granted the Loma de Cachimbo concession, to the south and adjacent to the Company's mining application over their multi-million ounce Romero gold/copper deposit (Click to see Figure 1. GoldQuest's land position). In addition, the 2016 Read More

  • Teras Appoints Mr. Kenneth Cunningham to Its Board of Directors

    Calgary, Alberta--(Newsfile Corp. - May 5, 2016) - Teras Resources Inc. (TSXV: TRA) ("Teras" or the "Company"): is pleased to announce the appointment of Mr. Kenneth Cunningham to the Company's Board of Directors. Peter Leger, President and CEO for Teras, comments "we would like to welcome Mr. Cunningham to Teras' technical team and Board of Directors. Mr. Cunningham is well respected in the mining community with many successes Read More

  • Zephyr Minerals provides update on Dawson Gold Project, Colorado, USA

    HALIFAX, May 5, 2016 /CNW/ - Zephyr Minerals Ltd. ("Zephyr" or the "Company") (TSXV: ZFR) is pleased to announce an update on the development of its Dawson Gold Project in Colorado. The following work programs required to advance the project towards the completion of a Preliminary Economic Assessment ("PEA") and submission of a Mine Permitting Application are currently underway: Drill Program - A diamond drill program comprising 10 Read More

  • American Lithium appoints Dana Brock as Vice-President

    VANCOUVER, May 5, 2016 /CNW/ - American Lithium Corp. ("American Lithium" or the "Company") (TSXV: LI) is pleased to announce the appointment of Dana Brock to the management team as Vice-President of Geosciences and Engineering. Dana Brock is a field oriented Civil Engineer, Geologist and Engineering Geologist. For over 30 years, he has performed and directed investigations, designed facilities and supported construction and remediation. His experience spans Read More

  • Golden Predator Announces $4.32 Million Financing

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  • 1

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 26, 2016) - Newmarket Gold ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) is pleased to announce that a total of 4,039,120 common share purchase warrants ("the Warrants") have been exercised at a price of C$1.63 per common share. Proceeds from the exercise of the Warrants were C$6.6M (approximately US$4.9M) and 4,039,120 common shares are to be issued from the Company's treasury. The additional cash will significantly strengthen the Company's balance sheet as it is on track to be essentially debt-free by the end of the first quarter of 2016.

Douglas Forster, President & CEO, Newmarket Gold commented: "The combination of proceeds from the warrant exercise of US$4.9 million, the cash on hand as of December 31, 2015 of US$36.5 million and the redemption of all outstanding convertible unsecured debentures by March 30, 2016, has provided Newmarket Gold with an exceptionally strong balance sheet to begin 2016."

The Warrants were issued in connection with the Company's public offering of units completed in February 2014, and were to expire on February 27, 2016. As of today, 95% of the outstanding Warrants were exercised.

The Company now has a total of 149,797,179 common shares issued and outstanding as of the close of business on February 25, 2016. In addition to the common shares issued on the exercise of the Warrants, total issued and outstanding common shares reflects the issuance of 9,388,795 common shares on the conversion of C$9.6 million in convertible debentures and the exercise of 423,660 stock options by non-insiders, since January 1, 2016.


Douglas Forster, M.Sc., P.Geo., President & Chief Executive Officer

About Newmarket Gold Inc.

Newmarket Gold is a Canadian-listed gold mining and exploration company with three 100% owned operating mines across Australia. The Company is focused on creating substantial shareholder value by maintaining a strong foundation of quality gold production, over 200,000 ounces annually, generating operating cash flow and maintaining a large resource base as it executes a clearly defined gold asset consolidation strategy. The Company is focused on sustainable operating performance, a disciplined approach to growth, and building gold reserves and resources while maintaining the high standards that the Newmarket Gold core values represent.

Cautionary Note Regarding Forward Looking Information

Certain information set forth in this news release contains "forward-looking statements", and "forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company's expectations about its business and operations, and are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "will", "expects", "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance or outcomes and undue reliance should not be placed on them. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are included in this press release or incorporated by reference herein, except in accordance with applicable securities laws.

Newmarket Gold, Inc.
Laura Lepore
Director, Investor Relations
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Newmarket Gold, Inc.
Ryan King
VP, Corporate Communications
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Golden Queen Mining Co. Ltd.

Exchange/Ticker: TSX: GQM
Main Asset: Soledad Mountain
Operating Region: U.S./California
Profile: Golden Queen Mining is producing gold and silver at the Soledad Mountain Project located just outside the town of Mojave in Kern County, California. The project is utilizing conventional open pit mining methods and cyanide heap leach and Merrill-Crowe processes to recover gold and silver from crushed, agglomerated ore. Production is projected to average 74,000 ounces of gold and 781,000 ounces of silver... VIEW FULL PROFILE