ALL NEWS RELEASES

  • TMAC Resources Inc. Announces $80 Million Bought Deal Financing

    TORONTO, ONTARIO--(Marketwired - June 27, 2016) - Not for distribution to U.S. newswire services or dissemination in the United States. TMAC Resources Inc. (TSX:TMR) ("TMAC" or the "Company") and Resource Capital Fund VI L.P. ("RCF" or the "Selling Shareholder"), have announced today that they have entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on Read More

  • Sandstorm Gold Announces Bought Deal Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT:SAND)(TSX:SSL) has entered into an agreement with a syndicate of underwriters co-led by National Bank Financial Inc. and BMO Capital Markets (the "Underwriters") pursuant to which they have agreed to purchase, on a bought deal basis, 11,236,000 common shares of Sandstorm (the "Common Shares") at a price of US$4.45 per Common Share, Read More

  • Lundin Gold Inc. Announces $82.5M Bought Deal Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX:LUG)(OMX:LUG) announces that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. (the "Underwriters"), which have agreed to purchase, on a bought deal basis, 15,000,000 common shares (the "Shares") of Read More

  • Osisko Mining Announces $25 Million Bought Deal Flow-Through Equity Financing

    MONTREAL, QUEBEC--(Marketwired - June 27, 2016) - This document corrects and replaces the press release that was sent today, June 27, 2016 at 8:03 AM. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Osisko Mining Inc. (TSX:OSK) ("Osisko" or the "Corporation") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led, by Canaccord Genuity Read More

  • Anfield Resources Inc. Reports Positive Preliminary Economic Assessment on Velvet-Wood Uranium Project in Utah

    VANCOUVER, BRITISH COLUMBIA / TheNewsire / June 27, 2016 -- Anfield Resources Inc. (TSX.V: ARY) (FRANKFURT: 0AD)("Anfield" or "the Company"), is pleased to report the results of its Preliminary Economic Assessment ("PEA") with regard to the Velvet-Wood Uranium Project ("Velvet-Wood"). The independent PEA was prepared in accordance with National Instrument 43-101 standards of disclosure for mineral properties. Velvet-Wood, as discussed herein, consists of two mine areas, located in Lisbon Read More

  • Centerra Gold Reports Kumtor Mine Receives 2016 Mine Plan Approval

    TORONTO, ON--(Marketwired - June 27, 2016) - Centerra Gold Inc. (TSX: CG) reports that its Kumtor operation, located in the Kyrgyz Republic, has received the necessary approvals of Kumtor's 2016 annual mine plan. Today, the Kyrgyz Republic State Agency for Environmental Protection and Forestry ("SAEPF") issued its official environmental expertise (approval) on Kumtor's 2016 mine plan. Together with the approvals earlier this year of the industrial safety and Read More

  • Endeavour Silver Outlines Several Prospective New Silver-Gold Veins on the Terronera Property in Jalisco State, Mexico

    VANCOUVER, BC--(Marketwired - June 27, 2016) - Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) announces that its surface exploration program has outlined several prospective new silver-gold veins on the Terronera property in Jalisco State, Mexico. To date, mapping has extended the Terronera vein system over a 7 kilometre (km) by 7 km area and identified nine additional veins in the northern half of the property (view map). Sampling Read More

  • Newmarket Gold Reports Drill Results from Underground Delineation Drilling on the Harrier South Gold System at the Fosterville Gold Mine

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Newmarket Gold ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) is pleased to report positive drill results from 57 underground holes, totaling 14,417 meters (m) from the Harrier South gold system at the Fosterville Gold Mine. Underground resource definition drilling, targeting down plunge extensions to the Harrier and Osprey gold system commenced in January, 2016. Drilling was targeted to further define previously identified Read More

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

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to announce additional drill results from 6 Reverse Circulation (RC) and 4 diamond core holes at the 100% controlled Goldstrike Oxide Gold Project in southwestern Utah. The primary target is Carlin-style shallow, oxide gold mineralization on the 7 km long, 2 km wide "Historic Mine Trend", between and down-dip Read More

  • Golden Predator Announces $7,300,000 Investment By Eric Sprott As Part Of Larger Offering

    Vancouver, B.C. (FSCwire) - Golden Predator Mining Corp. (TSX.V: GPY) (the “Company”) is pleased to announce a private placement in the Company by Eric Sprott for gross proceeds of C$7,300,000 through the issuance of 10,000,000 Non-Flow Through Units (“Non-Flow Through Unit”) at a price of $0.73 per unit. The Company also announces an additional financing of up to 6,500,000 Flow-Through Units (the “Flow Through Units” and collectively Read More

  • Guyana Goldfields Inc. Announces Increase to Previously Announced Bought Deal Financing to $130 Million Offering of Common Shares

    TORONTO, ONTARIO--(Marketwired - June 27, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Guyana Goldfields Inc. (TSX:GUY) ("GGI" or the "Company") has announced today that, due to strong demand, it has increased the size of its previously announced public offering to $130 million. The Company has entered an agreement with a syndicate of underwriters led by BMO Capital Markets, Scotiabank Read More

  • Contango ORE, Inc. Announces the 2016 Phase II Budget for its Joint Venture

    HOUSTON--(BUSINESS WIRE)--Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB:CTGO) is pleased to announce that the Management Committee of Peak Gold, LLC, (“Peak Gold”) managed by Royal Alaska, LLC, a wholly owned subsidiary of Royal Gold, Inc. (“Royal Gold”) has approved the 2016 Phase II budget of $6.8 million for the second half of the calendar year. This is in addition to the $4.2 million previously approved Read More

  • Scorpio Gold Reports Final Results from 2016 Exploration Drilling on the NW Brodie Trend, Mineral Ridge Project, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports final results from 2016 exploration drilling on the NW Brodie trend at its 70% owned Mineral Ridge project, located in Nevada. The NW Brodie trend extends over a 500 meter strike length between the Brodie and Bluelite deposits. Exploration drilling in 2014-2015 on the NW Brodie trend was based Read More

  • Orezone Announces Increase to Previously Announced Bought Deal Financing

    OTTAWA, ONTARIO--(Marketwired - June 27, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Orezone Gold Corporation (TSX VENTURE:ORE) (Orezone or the Company) is pleased to announce that, due to strong demand, the Company has increased the size of its previously announced offering to 23,000,000 common shares Read More

  • Orla Mining Announces Expected C$6 Million Non-Brokered Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE OR DISSEMINATION TO THE UNITED STATES Orla Mining Ltd. ("Orla Mining" or the "Company") (TSX VENTURE:OLA) announces a non-brokered private placement financing of up to 12,000,000 units (the "Units") at a price of $0.50 per Unit for gross proceeds of Read More

  • Chilean Metals Enter Strategic Advisory Agreement with Minotaur Exploration Limited (Australia)

    TORONTO, ON / TheNewswire / June 27, 2016 - Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSX.V:CMX, OTCQB: CMETF, SSE:CMX ). Chilean Metals Inc. ("CMX") is pleased to announce that it has entered into an advisory services agreement with Minotaur Exploration Limited ("Minotaur") a company listed on the Australian Securities Exchange (ASX) under ticker MEP. The agreement provides for Minotaur to provide technical services, in particular geophysical processing Read More

  • Dalradian Announces Results of Its 2016 Meeting of Shareholders

    TORONTO, ONTARIO--(Marketwired - June 27, 2016) - Dalradian Resources Inc. (TSX:DNA)(AIM:DALR) ("Dalradian" or the "Company") is pleased to announce the results of its 2016 annual and special meeting of shareholders (the "Meeting") held today in Toronto, Ontario. At the Meeting, all director nominees listed in the Company's management information circular dated May 13, 2016 were elected as directors of the Company. The detailed results of the vote by Read More

  • GFK Options Three Gold Properties in Chibougamau-Chapais and Urban-Barry Areas, Quebec

    UPPER TANTALLON, NOVA SCOTIA and MONTREAL, QUEBEC--(Marketwired - June 27, 2016) - GFK Resources Inc. (the "Company" or "GFK") - (TSX VENTURE:GFK), is pleased to announce that it has entered into three separate option agreements (the "Agreements") with various prospectors (collectively, the "Optionors") all dealing at arm's length with the Company and Quebec based. Pursuant to the Agreements which are summarized below, GFK has acquired an exclusive option to Read More

  • Algold Reports Impressive Assay Results Including 70.8 g/t Au in Rock Chips from Tijirit's Eleonore Zone in Mauritania

    MONTREAL, June 27, 2016 /CNW Telbec/ - ALGOLD RESOURCES LTD. (TSX-V: ALG) (the "Corporation") today announced results from geological mapping and rock chip sampling on the Tijirit property, where a 10,000-meter reverse-circulation ("RC") drilling program is currently underway. Between April and June 2016, Algold uncovered a series of quartz veins in trenches and pits on the Eleonore zone. These findings could possibly represent a large stockwork enclosed Read More

  • Lithium Extraction Expert to Lead Empire's Lithium Brine Technical Team

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Empire Rock Minerals Inc. (TSX VENTURE:EPR) is very pleased to announce the appointment of Dr. John Burba, as Lead Technical Advisor to Empire's Fox Creek Lithium Brine Project, in Alberta. Dr. Burba is a world leader in lithium extraction processes. He brings to Empire his intimate knowledge of several extraction technologies relevant to commercial production of lithium and other elements Read More

  • Unigold Resumes Exploration Drill Program Targeting High Grade Systems at the Candelones Extension Deposit

    TORONTO, ONTARIO--(Marketwired - June 27, 2016) - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to announce that exploration drilling at the Candelones Extension deposit in the Dominican Republic, will resume in July 2016 and continue through to December 2016. The Company's Board of Directors has approved an 8,000 metre drill program to follow up on the favourable results reported earlier this year: Target A (UGD Read More

  • Prosper Gold Corp. Increases Non-Brokered Private Placement

    QUESNEL, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSX VENTURE:PGX) announces it has increased its previously announced non-brokered private placement (see news release of June 13, 2016) from up to $2,000,000 to up to $2,500,000 (the "Private Placement"). The Private Placement will increase from up to 2,000,000 units to up to 4,000,000 units of the Company (the "Units") at an Read More

  • Goldcorp releases 2015 Sustainability Report

    VANCOUVER, June 27, 2016 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) has published its latest Sustainability Report, which provides a detailed insight into the company's economic, environmental, and social performance, as well as its commitment to responsible mining and sustainability excellence. The report is independently assured, and follows the requirements of the G4 Global Reporting Initiative, the United Nations Global Compact, and the International Council on Read More

  • RTG Announces Execution of Agreement to Sell its Interest in the Segilola Gold Project for up to US$8.5m

    Subiaco, Western Australia (FSCwire) - RTG Mining Inc. (“RTG”, “the Company”) (TSX Code: RTG, ASX Code: RTG) is pleased to announce that Thor Explorations Ltd (“Thor”), a TSX-V listed company, has agreed to acquire RTG's interest in the Segilola Gold Project for total consideration of up to US$8.5m, including US$3m of consideration upfront. The consideration comprises the following components: US$1.5m in cash on completion; US$1.5m worth of Read More

  • Balmoral Launches Summer 2016 Drill Program

    VANCOUVER, BC--(Marketwired - June 27, 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. Two drills are currently active on the Company's Martiniere Property where their initial focus will be the on-going delineation and near surface expansion of the southern portion of the Bug Lake Gold Trend. The winter drill program Read More

  • Diamcor Provides Final Update on Rough Diamond Tenders for First Fiscal Quarter

    KELOWNA, BC, June 27, 2016 /CNW/ - Diamcor Mining Inc. (TSX-V.DMI / OTCQX-DMIFF), (the "Company") is pleased to announce the final results of rough diamonds delivered, tendered, and sold in the Company's first fiscal quarter ending June 30, 2016 from its Krone-Endora at Venetia project in South Africa (the "Project"). As previously announced on June 2, 2016, the Company completed the tender and sales of 3,031.95 carats of Read More

  • Orex Awards a Contract for Metallurgical Testing on the Sandra Escobar Silver Project in Durango, Mexico

    VANCOUVER, June 27, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) ("Orex"), is pleased to announce that the analytical firm SGS Minerals Services has been awarded a contract to conduct the initial metallurgical testing on the Sandra Escobar Project in Durango, Mexico. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. – (TSX.V: CLZ) ("Canasil"). A flat-lying unit of strataform, Read More

  • Tinka Commences Property-Wide Airborne Geophysics at Ayawilca

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Tinka Resources Limited ("Tinka" or the "Company") (TSX VENTURE:TK)(OTC PINK:TKRFF)(FRANKFURT:TLD) is pleased to provide an update of its exploration activities at the Company's 100%-owned Ayawilca project in central Peru. A helicopter-borne magnetic geophysical survey has now commenced, to cover the full 150 km2 of contiguous mineral claims owned by Tinka, with the purpose of identifying new areas prospective for base Read More

  • Asante Gold: Ned Goodman Appointed Chairman of the Board

    VANCOUVER, British Columbia, June 27, 2016 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE) (FRANKFURT:1A9) (the "Company") is pleased to announce that Ned Goodman has been appointed as the Chairman of the Board of Directors of the Company. Mr. Goodman is a geologist and an investment manager and has been active at the leading edge of the Canadian gold exploration, development and investment sectors for many decades. He Read More

  • Flinders Permitting for Expansion and High Purity Graphite Production

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Flinders Resources Limited ("Flinders" or the "Company") (TSX VENTURE:FDR) As previously announced by the Company on 02 March 2016, battery grade spherical graphite has recently been manufactured using graphite concentrate from Flinders' Woxna project in Sweden. Due to the ongoing success of the high purity graphite research, and the widely reported anticipated increase in demand for battery grade graphite, the Read More

  • Silver Bull to Complete CDN$464,100 Third Tranche of Private Placement, for Cumulative Gross Proceeds of CDN$1,464,100

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Silver Bull Resources, Inc., (TSX:SVB)(OTCQB:SVBL) ("Silver Bull" or the "Company") is pleased to announce its intention to complete the third tranche of the non-brokered private placement (the "Private Placement") of units (the "Units") of the Company announced on May 12, 2016. The Units will be issued Read More

  • Chibougamau Independent Mines Inc. Completes $1 Million Non-Brokered Private Placement

    ROUYN-NORANDA, QUÉBEC--(Marketwired - June 27, 2016) - Chibougamau Independent Mines Inc. (TSX VENTURE:CBG) (STUT:CLL) is pleased to announce that it has completed a previously-announced non-brokered private placement in an amount of $1,034,500 by issuing 15,690,000 units at a price of $0.05 per unit for proceeds of $784,500 and 5 million "flow-through" shares at a price of $0.05 per share for proceeds of $250,000. Each of the units consists Read More

  • Lydian Strengthens Management Team for Amulsar Construction

    TORONTO, ONTARIO--(Marketwired - June 27, 2016) - Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") is pleased to announce the appointments of Joseph Phillips as Chief Operating Officer and Robert Carreau as Vice President of Sustainability, effective July 1, 2016. Mr. Phillips brings 43 years of senior experience in international mine development and operations. He was most recently the Chief Restructuring Officer for Carpathian Gold and Senior Vice Read More

  • Goldgroup Provides An Update On San José de Gracia Project

    VANCOUVER, June 27, 2016 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) has read a news article ("Article") dated June 26, 2016, published by Noroeste, a major newspaper based in the state of Sinaloa, in regards to a reported mandatory shutdown ("Shutdown") of the San José de Gracia ("SJG Project") mining operations by the State Government. While Goldgroup believes the article to Read More

  • Atlantic Gold Completes Final Tranche of Gold Price Hedging Contracts

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - All figures presented in Canadian Dollars, unless specified otherwise. Atlantic Gold Corporation (TSX VENTURE:AGB) ("Atlantic" or the "Company") is pleased to announce that pursuant to the terms of its hedging facility of up to 215,000 ounces, the Company has entered into gold price hedging contracts (the "Contracts") covering the remaining 35,000 ounces of production from the Company's Moose River Consolidated Read More

  • Coral Gold Seeks Shareholder Approval for the Sale of the Robertson Property

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Coral Gold Resources Ltd. (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) (the "Company" or "Coral"): The Company announces that the Notice and Information Circular and related proxy materials of its annual and special shareholders' meeting have been mailed to shareholders to provide them with information on the sale of the Robertson Property. On June 20, 2016, Coral entered into a purchase and sale agreement with Read More

  • Rock Tech Amends Private Placement Due to Oversubscription

    Vancouver, BC, Canada / TheNewswire / June 27, 2016 - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt: RJIB) announces that, due to higher than anticipated demand, it has amended the non-brokered private placement announced on May 16, 2016. The Company has increased the number of units on offer from 2,000,000 units to 3,940,000 units for gross proceeds of $1,182,000 (the "Offering"). The pricing, $0.30 Read More

  • ISS and Glass Lewis Recommend Voting 'FOR' Taseko AGM Resolutions

    VANCOUVER, June 27, 2016 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) ("Taseko" or the "Company") is pleased to announce that Institutional Shareholder Services ("ISS"), and Glass Lewis & Co ("Glass Lewis"), two leading independent proxy advisory firms, have both recommended that shareholders vote 'FOR' all items of business to be considered at the Company's Annual General Meeting which is scheduled for July 12, 2016. Read More

  • Great Thunder Retains Theberge to Design Nemaska Lake Lithium Exploration Program

    Victoria, B.C. (FSCwire) - Great Thunder Gold Corp. (TSXV: GTG) is pleased to announce that it has retained Mr. Donald Théberge, P.Eng., MBA of Solumines to design an exploration program for Great Thunder’s Nemaska Lake lithium property. The Nemaska Lake property is made up of four map designated cells covering 213 hectares. Geological mapping by Nemaska Lithium geologists on behalf of Tucana Lithium in 2011 revealed the Read More

  • Eureka Announces Drill Targets Identified at Gemini

    VANCOUVER, June 27, 2016 /CNW/ - Eureka Resources Inc. ("Eureka" or the "Company") (TSXV: EUK) is pleased to announce that the interpretation of recent geophysical surveys has identified conductive zones interpreted as lithium bearing brine targets at its Gemini Lithium Project ("Gemini"). Gemini is located in Esmeralda County in the western Lida Valley of south central Nevada, approximately 40 kilometres (26 miles) from North America's only producing Read More

  • Happy Creek samples 5.89% WO3 at South Grid and makes plans for Fox tungsten property

    June 27, 2016 / TheNewswire / Vancouver, British Columbia. Happy Creek Minerals Ltd. (TSXV: HPY) (the "Company") is providing an update on exploration results and plans for 2016 from its 100% owned Fox tungsten property. Between May 23-26th and May 30th-June 1st 2016 a reconnaissance and initial geological survey of the road accessible South Grid target was performed. The South Grid target was identified in late 2015 and Read More

  • Guyana Goldfields Inc. Announces C$110 Million Bought Deal Financing

    TORONTO, ONTARIO--(Marketwired - June 27, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Guyana Goldfields Inc. (TSX:GUY) ("GGI" or the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, Scotiabank and RBC Capital Markets, as joint bookrunners, under which the underwriters have agreed to buy on a bought Read More

  • Ecuador Gold Increases New Debenture Offering, Now Offering up to US$1,250,000

    Vancouver, British Columbia--(Newsfile Corp. - June 27, 2016) - Ecuador Gold & Copper Corp. (TSXV: EGX) (the "Company"), wishes to announce that further to its news release dated June 10, 2016, it is increasing its new debenture offering (the "Debenture Offering") from the previously announced US$900,000 to raise aggregate gross proceeds now of up to US$1,250,000 through the issuance of senior secured convertible debentures and other unsecured convertible Read More

  • Coronet Provides Update on White Caps Development Plan

    Vancouver, British Columbia--(Newsfile Corp. - June 27, 2016) - Coronet Metals Inc. (TSXV: CRF) (FWB: 2CM) (OTC Pink: CORMF) ("Coronet" or the Company") is pleased to provide an update on its various initiatives moving the White Caps White Caps Gold Mining Project ("White Caps" or "the Project") forward. The Manhattan Mining District is located within the southern part of the Toquima Mountain Range in south central Nevada. The Read More

  • NexGen Announces Appointment of Technical and Development Personnel

    VANCOUVER, June 27, 2016 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSXV:NXE, OTCQX:NXGEF) is pleased to announce the appointment of Troy Boisjoli as Senior Project and Operations Manager – Arrow, Rook I, Rob Maciak as Senior Projects Manager – Permitting and Development, and Matthew Batty as Senior Geologist – Arrow Resource Development. Mr. Boisjoli has mine operating experience in uranium geology in the Athabasca Basin. Most recently, Mr. Read More

  • St. Augustine Announces Results of its Annual General Meeting

    HONG KONG, June 27, 2016 /CNW/ - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") announced that shareholders have approved all resolutions brought before them at the Annual General Meeting of Shareholders held on June 24, 2016. The director nominees listed in the Company's 2016 management information circular filed on SEDAR were elected as follows: Name of Nominee Votes for Percentage Manuel Read More

  • Dominion Diamond Corporation Provides Further Update on Process Plant Fire at Ekati Diamond Mine

    YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)--Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) (the “Company” or “Dominion”) reports that the fire which occurred in the process plant at the Ekati Diamond Mine on June 23rd was successfully extinguished on the same day, all personnel were safely evacuated from the plant and no injuries have been reported. The initial assessment of the process plant confirms damages were limited to a small area, Read More

  • Durango Identifies Pegmatite Outcrops In Nemaska Whabouchi South Property and Provides Corporate Update

    Vancouver, BC / TheNewswire / June 27, 2016 - Durango Resources Inc. (TSX.V-DGO), (the "Company" or "Durango") announces that further to the news release of June 23, 2016, Mr. Donald Theberge, P.Eng., M.B.A has identified pegmatite outcrops via satellite imagery which will help to direct the upcoming work program for Durango's Nemaska Whabouchi area properties. During Mr. Theberge's compilation of information on Durango's ground adjacent to and near the Read More

  • Thor Explorations: Proposed Acquisition of Segilola Gold Project and Private Placement Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES Highlights Acquisition Transformational Acquisition - Thor to acquire 100% of Segilola Gold Project with an indicated mineral resource estimate of 555,000 ounces of gold at 3.8 g/t Considered the most advanced gold project in Nigeria Project has significant exploration upside potential and near term production potential Thor Read More

  • Canasil Reports Awarding of Metallurgical Testing Contract at the Sandra-Escobar Project in Durango State, Mexico

    VANCOUVER, June 27, 2016 /CNW/ - Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, "Canasil" or the "Company") is pleased to announce that Orex Minerals Inc. (TSX-V: REX, "Orex") has awarded to SGS Minerals Services a contract for initial metallurgical testing on composite core samples from the recent drill programs in the southeastern region of the Sandra-Escobar project in Durango State, Mexico. The project is being advanced Read More

  • Orezone Announces $20 Million Bought Deal Financing

    OTTAWA, ONTARIO--(Marketwired - June 27, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. Orezone Gold Corporation (TSX VENTURE:ORE) (Orezone or the Company) is pleased to announce that it has entered into an agreement with a syndicate of underwriters pursuant to which they have agreed to purchase, Read More

  • Zazu Annual Shareholders Meeting Voting Results

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Zazu Metals Corporation (TSX:ZAZ) ("Zazu") is pleased to announce voting results from the annual meeting of its shareholders (the "Shareholders") held today (the "Meeting") in Vancouver, British Columbia. The majority of Shareholders voted in favour of all resolutions at the Meeting as set out in Zazu's management information circular dated May 9, 2016. At the Meeting, Shareholders approved the following Read More

  • Chibougamau Independent Mines Inc. Issues Stock Options

    ROUYN-NORANDA, QUÉBEC--(Marketwired - June 27, 2016) - Chibougamau Independent Mines Inc. (TSX VENTURE:CBG) (STUT:CLL) is pleased to announce that its Board of Directors has granted stock options in respect of an aggregate of 700,000 common shares to CIM's five directors. The options were granted pursuant to CIM's 2012 Stock Option Plan. The exercise price of the options is $0.07, which is equal to the closing price of CIM's Read More

  • Carube Copper Corp. Reports on Annual Meeting

    Ottawa, Ontario--(Newsfile Corp. - June 27, 2016) - Carube Copper Corp. (TSXV: CUC) is pleased to report on its Annual General and Special Meeting ("AGM") held in Carp, Ontario, on June 23, 2016. A total of 33,708,538 shares or 52% of the outstanding shares of the Company were represented at the meeting by proxy or in person. All of the matters submitted to the shareholders for approval as Read More

  • Cava Resources Inc. Announces Financing

    Toronto, Ontario--(Newsfile Corp. - June 27, 2016) - Cava Resources Inc. (TSXV: CVA) ("Cava" or, the "Company") announces that the Company intends to close a private placement financing of up to 15,000,000 units at an issue price of $0.05 per unit for gross proceeds of up to $750,000. Each unit will be comprised of one common share and one common share purchase warrant, with each warrant exercisable into Read More

  • Silvercorp Metals Inc. - Correction on May 26, 2016 Press Release

    VANCOUVER, June 27, 2016 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM) issued a correction with respect to the consolidated All-in cost mining data for the three months ended March 31, 2016 disclosed on page 11 of its press release dated May 26, 2016. The previously cited figure, of $2.21, represented the consolidated Total Cash Cost per ounce of Silver, whereas the consolidated All-in cost Read More

  • Lomiko Closes First Tranche of Financing for $250,000 Flow-through

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  • 1

Montreal, Quebec / TheNewswire / September 18 2015 - Uragold Bay Resources Inc. ("Uragold") (TSX Venture: UBR) would like to inform its shareholders that Uragold has notified Golden Hope Mines ("GNH") that delays in the completion of the recommended work defined in the Option Agreement described in its September 4, 2015 press release were the results of GNH's inappropriate or missing data, the Government and unexpected conditions beyond the control of Uragold, which require additional work and an extension to complete the work.

The present situation emanates from GNH delays in submitting requested data to Uragold technical team, missing or incomplete data sets required to complete a 3D geological model of a surface gold shell were mining activities are supposed to be undertaken and no available data that would allow the validation by Uragold technical staff of the Whittle-optimized pit shell referred to in the GNH June 18 2012 Technical Report.

Furthermore, unexpected regulatory changes implemented after the signing of the Option Agreement have resulted in a major change in the scope and the depth of the work required by Uragold to attain the stated goal of the Agreement, as stipulated therein.

Under the terms of the Option Agreement, Uragold needed to complete a Preliminary Economic Assessment (PEA), and this in order to obtain the required mining lease to start a small scale mining operation based on the Whittle-optimized pit shell referred to in GNH June 18 2012 Technical Report. Further to the passing of Quebec's Bill 70 that amended the Mining Act, the subsequent regulations that emanated from the government now required that a NI43-101 compliant Feasibility Study (FS) be submitted before any Mining Leases can be issued.

Pursuant to this new requirement, a review and analysis of available technical data by Uragold Technical staff revealed that current Golden Hope data was insufficient to complete a NI43-101 report that would meet the minimum requirement needed to complete a FS. In fact, Uragold's attempt to build a 3D geological model revealed that the database furnished included numerous boreholes for which data is not available.

The end result of these issues is that Uragold has the right to an extension of at least 18 months to complete the required additional work needed to generate the new data.

Uragold has fully met its monetary obligation stemming from the Option Agreement, including cash payments to Golden Hope, claim renewal fees for the next two years, paid the property municipal taxes and submitted a revised work program schedule to GNH.

In its September 4, 2015 press release, Golden Hope stated that on or about October 10 2015, it intends to serve notice to Uragold that they are in breach of the terms of the Option Agreement, and that the Option will be terminated. Uragold will contest any such termination and any notice to that effect, at all levels.

About Uragold

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec's first placer mine in 50 years, the Beauce Placer Project and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

Neither the 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S un der the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271
www.uragold.com

Copyright (c) 2015 TheNewswire - All rights reserved.

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FEATURED JUNIOR

Golden Queen Mining Co. Ltd.

Exchange/Ticker: TSX: GQM
Main Asset: Soledad Mountain
Stage:
Production
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