ALL NEWS RELEASES

  • Reservoir Consolidates the Cukaru Peki Upper Zone Acquiring 55% Interest from Freeport

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)(OTC PINK:RVRLF)(BERLIN:9RE) is pleased to advise that it has exercised its Right of First Offer ("ROFO") with Freeport-McMoRan Exploration Corporation ("Freeport") to acquire Freeport's 55% interest in the Timok Project Upper Zone of the Cukaru Peki copper-gold deposit, and increase its interest in the Lower Zone, by payment of US$135 million to Read More

  • Pretivm Renews Preliminary Base Shelf Prospectus

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announced today that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Quebec, and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission (the "SEC") under the U.S. Securities Act of Read More

  • Continental Gold Mines Over 100% More Gold Than Estimated From Trial Mining Stopes

    TORONTO, ON--(Marketwired - May 03, 2016) - Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce positive final reconciled results from the trial mining program completed along the San Antonio vein in the Yaraguá vein system at the Buriticá project, Colombia. JDS Energy & Mining Inc. ("JDS") was retained to oversee the trial stope mining, processing of ore through Continental's small-scale milling Read More

  • Klondex Further Extends Main Veins at Fire Creek With Additional High Grade Intercepts

    VANCOUVER, BC--(Marketwired - May 03, 2016) - Klondex Mines Ltd. (TSX: KDX) (NYSE MKT: KLDX) ("Klondex"or the "Company") is pleased to provide an update on its first quarter underground drill program at its Fire Creek Mine located in northern Nevada, USA. The following drill results are all new information and were not included in the previous mineral resource estimate released on September 16, 2015. Fire Creek Mine Drilling Read More

  • Argonaut Gold Announces First Quarter 2016 Earnings per Share of $0.03; Cash Balance Increases to $46.6 Million

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Argonaut Gold Inc. (TSX:AR) (the "Company", "Argonaut Gold" or "Argonaut") is pleased to announce its financial and operating results for the first quarter ended March 31, 2016. All dollar amounts are expressed in United States dollars, unless otherwise specified. 1st Quarter Change 2016 2015 Financial Data (in millions except earnings per share) Revenue $35.3 $51.0 (31 %) Gross profit $8.9 $6.8 31 Read More

  • Denison Mines Announces CAD$10 Million Bought Deal Offering of Flow-Through Common Shares

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to announce that it has entered into an agreement with Dundee Securities Ltd. and TD Securities Inc. as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (together, the "Underwriters"), under which Read More

  • Scorpio Gold Reports Results from 2016 Definition Drilling at the Custer Deposit, Mineral Ridge Project, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports results from the 2016 definition drilling program on the Custer deposit at its 70% owned Mineral Ridge project, located in Nevada. The Custer deposit lies along trend of and ~500 meters southeast of the Mary LC deposit. Structurally, Custer is very similar to the Drinkwater deposit, having far less Read More

  • Altius Announces Closing of C$40 Million Bought Deal Financing

    ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - May 3, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Altius Minerals Corporation ("Altius")(TSX:ALS) is pleased to announce it has closed its previously announced bought deal common share financing. A total of 3,578,800 common shares of Altius were sold at a price of C$11.25 per common share for aggregate gross proceeds to Altius of Read More

  • Premier continues success at Hasaga Red Lake

    THUNDER BAY, ON, May 3, 2016 /CNW/ - Premier Gold Mines Limited (TSX-PG) is pleased to provide its latest update from the winter drilling program on the Company's 100%-owned Hasaga Project in the Red Lake gold mining district of Northwestern Ontario. Results continue to extend the near surface mineralization in the Hasaga Porphyry area with the holes listed below being the closest intercepts to surface (beneath the Read More

  • Cypress Reports Assay Results from Clayton Valley Lithium Project, Nevada

    VANCOUVER, British Columbia, May 03, 2016 (GLOBE NEWSWIRE) -- Cypress Development Corp. (TSX-V:CYP) (OTCBB:CYDVF) (Frankfurt:C1Z1) (“Cypress” or the “Company”) is pleased to announce, further to its news release April 5, 2016, that the Company has received lithium assays from Cypress’ ongoing Phase 2 sampling program at its 1320 acre Clayton Valley Project located in Esmeralda County, Nevada. Cypress Clayton Valley Lithium Project, Nevada claims map: Cypress' Clayton Read More

  • Pangolin Recovers Two Additional Diamonds and 210 Kimberlite Indicators Within the MTS Grid, Malatswae Diamond Project, Botswana

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Two additional diamonds recovered within the 1.5 square kilometre MTS Grid The diamonds are from samples collected less than 110 metres apart A total of three diamonds from the grid supports the presence of at least two diamond-bearing occurrences Thirteen diamonds reported from the Malatswae Diamond Project to date A total of 390 kimberlite indicators recovered to date Three zones of Read More

  • Valentine Gold Camp 2016 Summer Program Kicks Off With $3M Financing, Drilling & Continued Metallurgical Work

    TORONTO, ON--(Marketwired - May 03, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) today announced plans for its 2016 summer drill program and an update on its current bought deal private placement financing, announced previously in Marathon's press release on April 21, 2016. Marathon Gold was notified by Canaccord Genuity Corp., the underwriter of the financing, that it would exercise its over-allotment option to increase Read More

  • Aurvista Gold Arranges C$ 1,100,000 Financing

    Montreal, Quebec--(Newsfile Corp. - May 3, 2016) - Aurvista Gold Corporation (TSXV: AVA) (OTC: ARVSF) ("Aurvista" or the "Company") has arranged a non-brokered private placement of up to C$ 1,100,000. The Private Placement will consist of up to 6,250,000 flow-through units (the "Flow-Through Units") at a price of C$ 0.08 per Flow-Through Unit for gross proceeds of up to C$ 500,000. Concurrently, the Company will also be offering Read More

  • Gold Bullion Announces Results Of 2016 Annual General Meeting

    May 2, 2016 / TheNewswire / Gold Bullion Development Corp. (TSXV: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") announces the results of the 2016 Annual General Meeting of Shareholders (the "Meeting") held on Friday, April 29, 2016. The following individuals were re-elected directors of the Company: Frank J. Basa, Roger Thomas, Jacques F. Monette, and Annemette Jorgensen. Shareholders also approved the re-appointment of McGovern, Hurley, Cunningham, Chartered Read More

  • Zadar Updates Lithium Projects

    VANCOUVER, BC --(Marketwired - May 03, 2016) - Zadar Ventures Ltd. (the "Company") (TSX VENTURE: ZAD) (OTC PINK: ZADDF) (FRANKFURT: ZAV) is pleased to provide the following Corporate shareholder update. The company recently completed a $700,000 dollar financing and has met its initial obligations to purchase the 2 previously announced Lithium assets in Clayton Valley. As part of the company's plans to move the projects forward it has Read More

  • Atlantic Gold Completes 100,000 Ounces of Gold Price Hedging Contracts

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - 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 100,000 ounces of production from the Company's Moose River Consolidated Project. The Contracts were executed on a spot basis of CAD$1,619 Read More

  • Western Areas Announces Successful Completion of Share Purchase Plan

    BURLINGTON, ONTARIO--(Marketwired - May 2, 2016) - GTA Resources and Mining Inc. (TSX VENTURE:GTA) is pleased to announce that it has closed on the first tranche of its non-brokered private placement financing previously announced on April 11, 2016 and April 26, 2016. The first tranche consisted of 1,840,000 flow-through share units ("Flow-through Units") for gross proceeds of $92,000, at a price of $0.05 per Flow-through Unit, with each Read More

  • Centamin plc Results for the Quarter Ended 31 March 2016

    PERTH, AUSTRALIA--(Marketwired - May 3, 2016) - Centamin plc (LSE: CEY) (TSX: CEE) Centamin plc ("Centamin" or the "Company") (LSE: CEY; TSX:CEE) Centamin plc Results for the Quarter ended 31 March 2016 Centamin plc ("Centamin" or the "Company") (LSE: CEY; TSX: CEE) is pleased to announce its unaudited results for the three months ended 31 March 2016. Operational Highlights Gold production of 125,268 ounces was a 6% increase Read More

  • Belmont Closes 1st Tranche of Private Placement for $195,000

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Belmont Resources Inc. (TSX VENTURE:BEA)(FRANKFURT:L3L1)(OTC PINK:BEAAF) ("Belmont", or the "Company). Further to our news release of March 30, 2016 and the TSX Venture Exchange bulletin of April 28, 2016 the Company has closed the first tranche of the private placement. The Company has issued 3,900,000 units (the "Units) at a price of $0.05 per Unit for gross proceeds of $195,000. Read More

  • Galway Terminates Victorio Agreement

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Galway Metals Inc. (TSX VENTURE:GWM) (the "Company") announces that it has terminated the contract for its Victorio Molybdenum-Tungsten Project located in southwestern New Mexico. Due to unfavorable market conditions and depressed molybdenum and tungsten prices, Galway Metals will not make the US$75,000 payments due June 1st, 2016 and 2017 on the Victorio project or the final payment of US$900,000 in 2018. Read More

  • Proxy Advisory Firms, ISS and Glass Lewis Recommend Claude Shareholders Vote FOR the Plan of Arrangement with Silver Standard

    SASKATOON, SASKATCHEWAN--(Marketwired - May 3, 2016) - Claude Resources Inc. (TSX:CRJ)(OTCQB:CLGRF) ("Claude" and or the "Company") today announced that ISS Proxy Advisory Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), two leading independent proxy advisory firms, have recommended that the Company's shareholders vote FOR the Plan of Arrangement (the "Arrangement") through which Silver Standard Resources Inc. ("Silver Standard") will acquire all of the issued and outstanding common Read More

  • First Point Minerals Closes Over-Subscribed Private Placement for $630,000

    VANCOUVER, BC--(Marketwired - May 03, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES First Point Minerals Corp. (TSX: FPX) ("First Point" or the "Company") is pleased to report that it has closed its previously announced non-brokered private placement for gross proceeds of $630,000 (the "Offering"). The Company expanded the originally announced private placement from 11,400,000 shares to 12,600,000 shares Read More

  • Nautilus Minerals AGM to Be Held June 1, 2016

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") is to hold its Annual General Meeting (AGM) in Toronto, Ontario, on Wednesday, June 1, 2016. The Company has today sent to shareholders its Annual Report, which contains the audited financial statements and Management's Discussion & Analysis for the year ended December 31, 2015, together with the meeting materials, being Read More

  • First Mining to Acquire Cameron Gold Project From Chalice Gold Mines Limited

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - First Mining Finance Corp. ("First Mining") (TSX VENTURE:FF)(OTCQB:FFMGF) is pleased to announce that it has entered into a definitive share purchase agreement (the "Agreement") with Chalice Gold Mines Limited (ASX:CHN)(TSX:CXN) ("Chalice"). Under the Agreement First Mining has agreed to acquire Cameron Gold Operations Ltd., a wholly-owned subsidiary of Chalice (the "Transaction") which owns the Cameron Gold project located in Ontario Read More

  • Nevada Copper and City of Yerington Advance Solar Zoning

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or the "Company") is pleased to announce that the City of Yerington ("City") Planning Commission unanimously recommended that the majority of Nevada Copper Lands ("Nevada Copper Lands") at its 100% owned Pumpkin Hollow Copper Development Property (the "Project") be put into a newly created industrial district (M-2 - Special Industrial District) to facilitate solar development. Read More

  • Independent Advisory Firms ISS and Glass Lewis Support Argentex Plan of Arrangement With Austral Gold

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTC PINK:AGXMF) is pleased to announce that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have both recommended that Argentex shareholders vote FOR the proposed acquisition by Austral Gold of all remaining Argentex shares through a plan of arrangement. ISS and Glass Lewis are two leading independent proxy advisory Read More

  • Bold Ventures Mobilizes Drill to Amber Zone Gold Showing at the Lac Surprise Property, Chapais-Chibougamau Mining District

    TORONTO, ONTARIO--(Marketwired - May 3, 2016) - Bold Ventures Inc. (TSX VENTURE:BOL) (the "Company" or "Bold") and Northern Superior Resources Inc. (TSX VENTURE:SUP) ("Northern Superior") are pleased to announce that a diamond drill has been mobilized to the first hole location at the Lac Surprise Property, Amber Grid area and has commenced drilling. The Amber and Black Phoenix Showings were discovered as a result of a prospecting and Read More

  • Glen Eagle in Progress to Sell Authier for the Sum of Four Milion Canadian Dollars (CDN $4 000 000)

    MONTREAL, QUEBEC--(Marketwired - May 3, 2016) - Glen Eagle Resources Inc. (TSX VENTURE:GER) ("Glen Eagle" or the "Company") is pleased to announce that it has signed a Letter of Intent (LOI) with Australian Securities Exchange listed, Sayona Mining Limited ("Sayona"), to sell its Authier lithium asset for the sum of four million dollars (CDN $4 000 000). Sayona Mining specializes in sourcing, exploring and developing lithium and grapĥite Read More

  • Red Eagle Mining continues to advance construction of the San Ramon Gold Mine

    VANCOUVER, May 3, 2016 /CNW/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) is pleased to announce financial results for the year ending December 31, 2015 and business highlights to date, including advancements at Red Eagle Mining's San Ramon Gold Mine in Antioquia, Colombia. Highlights include: Completed approximately $11,250,000 private placement of common shares (news release dated April 21, 2016) Appointed Mr. Matthew Howorth, Read More

  • Golden Minerals Announces $4 Million Registered Direct Offering

    GOLDEN, Colo., May 3, 2016 /CNW/ -- Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company) today announced that it has entered into a definitive agreement with institutional investors for an offering of shares of common stock with gross proceeds of approximately $4 million. The closing of the offering is expected to take place on or about May 6, 2016, subject to the Read More

  • ISS and Glass Lewis recommend that Silver Standard shareholders vote for share issuance for acquisition of Claude Resources

    VANCOUVER, May 3, 2016 /CNW/ - Silver Standard Resources Inc. ("Silver Standard") (TSX: SSO; NASDAQ: SSRI) is pleased to announce that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have both recommended that shareholders vote FOR the resolution (the "Share Issuance Resolution") to approve the issuance of 0.185 of a common share in the capital of Silver Standard as consideration payable to shareholders of Read More

  • Chalice to sell Cameron Gold Project to First Mining Finance Corp.

    PERTH, Western Australia, May 3, 2016 /CNW/ - Chalice Gold Mines Limited (ASX: CHN) (TSX: CXN) is pleased to advise that it has entered into an agreement to sell its wholly-owned subsidiary, Cameron Gold Operations Ltd. ("the Subsidiary"), which owns the Cameron Gold Project in Ontario, Canada, to First Mining Finance Corp. ("First Mining"), a mineral property holding company listed on the TSX-V (TSX-V:FF) (the "Transaction"). The Read More

  • Pershing Gold Initiates Pre-Feasibility Level Studies and Reports on Progress at Relief Canyon

    LAKEWOOD, Colo., May 3, 2016 /CNW/ -- Pershing Gold Corporation (NASDAQ: PGLC) (FWB:7PG1) ("Pershing Gold" or the "Company"), an emerging gold producer, today provides an update on the progress to production at its Relief Canyon Mine in Pershing County, Nevada. "This second quarter is a pivotal time for Pershing Gold," stated Stephen D. Alfers, Pershing Gold President, CEO, and Executive Chairman. "For more than a year now, Read More

  • CKR Announces Closing of its Private Placement Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) - CKR Carbon Corporation. ("CKR" or the "Company") (TSX VENTURE:CKR)(FRANKFURT:CB8)(OTCBB:CBULF) is pleased to announce that, further to its news release dated April 8 2016, it has completed its private placement of 8,692,714 units (the "Units") of the Company at a price of $0.07 per Unit for gross proceeds of $608,489.96 (the "Private Placement"), brokered by First Republic Capital Corporation (the "Agent"). Read More

  • Endeavour Reports First Quarter 2016 Results; AISC Continue to Decrease Below $900/oz

    George Town, Grand Cayman, United Kingdom, May 2, 2016 (GLOBE NEWSWIRE) -- First Quarter 2016 Highlights Gold production of 132koz, on-track to meet full-year guidance with higher production expected in the upcoming quarters All-in Sustaining Cost further decreased to $900/oz ($889/oz excluding Youga which was divested end of February), in line with full-year guidance of $870 to $920/oz All-in sustaining margin up 54% over the previous quarter Read More

  • Panoro Reports Positive Preliminary Economic Assessment For Antilla Copper-Molybdenum Project

    VANCOUVER, British Columbia, May 02, 2016 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) (“Panoro”, the “Company”) is pleased to announce that it has received the results of an independent Preliminary Economic Assessment ("PEA") of the Company's 100% owned Antilla project in Peru. The Antilla project is a copper-molybdenum porphyry deposit, located 140 km south west of the city of Cuzco, in the Apurimac region in Read More

  • Gran Colombia Gold Meets Q1 2016 Gold Production Expectation; Announces Upcoming Webcast on Q1 2016 Results

    TORONTO, ON--(Marketwired - May 02, 2016) - Gran Colombia Gold Corp. (TSX: GCM) (OTC PINK: TPRFF) announced today that it met its expectation for the first quarter of 2016, producing 31,489 ounces of gold, up 4.8% from the fourth quarter of 2015 and up 31.4% from the first quarter a year ago. The Company remains on track with its production guidance for 2016 of a total of 120,000 Read More

  • McEwen Mining Buys Attractive Exploration Target Near El Gallo Mine

    TORONTO, May 02, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce the purchase of mineral properties located approximately 6 miles (10 km) from the El Gallo Mine (the “Acquired Properties”) for $250,000 plus a 2% NSR royalty retained by the seller over the Acquired Properties. “This is an attractive exploration target because of its proximity to the El Gallo Mine, and fits Read More

  • Asanko Gold Refines Scope of Phase 2 Definitive Feasibility Study

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Asanko Gold Inc. (TSX:AKG)(NYSE MKT:AKG) Highlights: Phase 1 excess plant capacity provides optionality for Phase 2 development, DFS to provide for a staged construction scenario First Stage: Phase 2A Develop Esaase pit and mine 2Mtpa oxide ores only, build overland conveyor and expand capacity of existing processing facility up to 5Mtpa Treatment of both Nkran fresh ore and Esaase oxide Read More

  • Sierra Metals announces Q1-2016 financial results at its Sociedad Minera Corona subsidiary In Peru

    TORONTO, May 2, 2016 /CNW/ - Sierra Metals Inc. (TSX:SMT, BVL:SMT) ("Sierra Metals" or the "Company") announces the filing of Sociedad Minera Corona S.A.'s ("Corona") unaudited Financial Statements and Management Discussion and Analysis ("MD&A") for the first quarter of 2016 ("Q1 2016"). The Company holds an 81.8% interest in Corona. All amounts are presented in US dollars unless otherwise stated and have not been adjusted for the Read More

  • Vista Gold Corp. Announces First Quarter 2016 Results

    DENVER, May 2, 2016 /CNW/ -- Vista Gold Corp. (the "Company," "we" or "our") (NYSE MKT: VGZ) (TSX: VGZ) today announced its unaudited financial results for the first quarter ended March 31, 2016. Management's quarterly conference call to discuss these results is scheduled for 2:30 p.m. MDT on May 3, 2016. The Company's unaudited financial statements, Management's Discussion and Analysis together with other important disclosures can be Read More

  • Santacruz Silver Reports Fourth Quarter / Year-End 2015 Financial Results

    VANCOUVER, May 2, 2016 /CNW/ - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") reports on its financial and operating results for the fourth quarter of 2015 ("Q4") and for the 2015 fiscal year. The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company's website at www.santacruzsilver.com or on SEDAR at www.sedar.com. All financial information is prepared Read More

  • New Liberty Gold Mine: Debt Repayment Deferral and Mine Plan Update

    TORONTO, May 2, 2016 /CNW/ - Aureus Mining Inc. ("Aureus" or the "Company"), the TSX and AIM listed West African gold producer, is pleased to announce that, following the announcement of 5 April 2016, the Company has received credit approval from its lender group (Nedbank Limited ("Nedbank"), Rand Merchant Bank ("RMB") and the Export Credit Insurance Corporation of South Africa Limited ("ECIC") (collectively, the "Lenders")) to further Read More

  • Copper Mountain Mining Announces Positive Q1 2016 Results

    VANCOUVER, May 2, 2016 /CNW/ - Copper Mountain Mining Corporation (TSX: CUM) (the "Company" or "Copper Mountain") announces first quarter revenues of $58.7 million after pricing adjustments and treatment charges from the sale of 22.3 million pounds of copper equivalent (including 18.1 million pounds of copper, 6,900 ounces of gold, and 61,200 ounces of silver). Total cash cost for the quarter ended March 31, 2016 was US$1.61 Read More

  • Sulliden Enters into Option Agreement with First Quantum to Acquire Past-Producing Troilus Gold Mine

    TORONTO, May 2, 2016 /CNW/ - Sulliden Mining Capital Inc. ("Sulliden" or the "Company") (TSX: SMC) has entered into an option arrangement with First Quantum Minerals Ltd. ("First Quantum") to acquire the past-producing Troilus Mine, located in the Abitibi mining region of Quebec, Canada. Justin Reid, CEO and director of Sulliden, commented, "This agreement is a step towards our strategy of building a portfolio of mining projects Read More

  • Freegold Ventures Announces Equity Financing

    VANCOUVER, May 2, 2016 /CNW/ - Freegold Ventures Limited ("Freegold" or the "Corporation") (TSX:FVL) is pleased to announce that it has filed a preliminary short form prospectus in connection with a proposed marketed offering of units (the "Units") of the Corporation for minimum gross proceeds of $3,000,000 (the "Offering"). The Offering will be conducted on a best effort basis through Paradigm Capital Inc. (the "Agent"), acting as Read More

  • Opawica Explorations Inc. Property Acquisition Update and Revised Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Opawica Explorations Inc. (the "Company") (TSX VENTURE:OPW) is pleased to announce that further to its news releases of December 22, 2015, February 25, 2016 and February 26, 2016, the Company has received conditional acceptance from the TSX Venture Exchange ("TSXV") for the purchase and sale agreement dated February 25, 2016 (the "Agreement") between the Company and Investissements Gema Inc. ("Gema"), Read More

  • Rockex Mining Signs Definitive Agreement With Diversified Innovative Marketing Enterprises Ltd. for Financing the Development of the Lake St. Joseph Project

    Rockex Mining Corporation ("Rockex" or the "Corporation") (CSE:RXM) and Diversified Innovative Marketing Enterprises Ltd. ("DIME") are pleased to announce that they have signed a definitive agreement for funding the completion of a feasibility study and environmental assessment, and subsequent development and production at its Lake St. Joseph Project, located 100 kilometres northeast of Sioux Lookout, Ontario. Subject to the terms and conditions of the definitive agreement, Read More

  • First Bauxite Corporation Completes Mining of Bulk Sample Pit at Bonasika

    TORONTO, ONTARIO--(Marketwired - May 2, 2016) - First Bauxite Corporation ("First Bauxite" or the "Company") (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) is pleased to announce that it has completed a bulk sample test pit programme at its Bonasika 7 bauxite deposit. The Company's News Release dated December 8, 2015 provided a general update on the expected use of proceeds from the US$15 million private placement of secured convertible notes to Resource Capital Read More

  • Ecuador Gold Announces Agreement for Termination of the Chinapintza Joint Venture

    Vancouver, British Columbia--(Newsfile Corp. - May 2, 2016) - Ecuador Gold & Copper Corp. (TSXV: EGX) (the "Company") announces that pursuant to an agreement (the "Termination Agreement") dated as of April 29, 2016 it has together with its subsidiary, Condormining Corporation S.A. ("Condormining") agreed to terminate the joint venture agreement (the "JV Agreement") between Condormining and Minera Guangshou Ecuador S.A. ("Guangshou") dated November 2, 2012 for the joint Read More

  • Pan American Silver Corp. - Early Warning Report

    VANCOUVER, May 2, 2016 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) ("Pan American" or the "Company") has acquired ownership of an additional 5,723,550 common shares for CAD$0.22 per common share and 1,070,000 common shares for CAD$0.275 per common share, totalling 6,793,550 common shares (the "Common Shares") of Kootenay Silver Inc. ("Kootenay"), pursuant to a subscription agreement (the "Subscription Agreement") between Pan American and Kootenay Read More

  • Buenaventura Announces Filing of 2015 Annual Report on Form 20-F with the SEC

    LIMA, Peru--(BUSINESS WIRE)--Compañía de Minas Buenaventura S.A.A. (“Buenaventura”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly traded, precious metals mining company announced today the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2015 with the U.S. Securities and Exchange Commission (“the SEC”). The 2015 Annual Report can be accessed by visiting either the SEC's website at http://www.sec.gov or Read More

  • Monument Withdraws Technical Disclosure Regarding Matala Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT:D7Q1) "Monument" or the "Company" advises that, as a result of a review by the British Columbia Securities Commission, the "NI43-101 Technical Report: Matala Gold Project" that was filed on SEDAR on March 22, 2016 does not, as currently filed, comply with the requirements of NI 43-101 Standards of Disclosure for Mineral Projects and information in Read More

  • Iconic Announces Negotiation of Equity Financing up to $3,000,000

    Vancouver, British Columbia--(Newsfile Corp. - May 2, 2016) - Iconic Minerals Ltd. (TSXV: ICM) (FSE: YQG) announces the negotiation, subject to acceptance by the TSX Venture Exchange ("TSXV"), of a private placement for gross proceeds of up to $3,000,000 (the "Financing"). Upon receipt of acceptance from the TSXV to the Financing, the Company will issue up to 15,000,000 Units at a price of $0.20 per Unit, each Unit Read More

  • Nevada Sunrise 2016 Annual General Meeting Results

    VANCOUVER, May 2, 2016 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) announced today that its shareholders voted in favour of all items of business brought before them at the Company's Annual General meeting (the "AGM") held on April 29, 2016, in Vancouver, BC. At the AGM, shareholders voted in favour of all nominations to the Board of Directors (the "Board"), with Read More

  • Zonte Metals prepares to proceed to Special Court regarding its Gramalote Target Application

    BEDFORD, NS, May 2, 2016 /CNW/ - As announced in a press release dated April 12, 2016, Zonte with a Colombian Partner (together the "Partners"), have worked through various steps required to proceed to "Special Court" to challenge the Secretaria de Minas, who have not titled an exploration application that was applied for back in July 2013. Legal counsel for the Partners is of the opinion the Read More

  • Globex Acquires Three Lithium Properties in Quebec

    ROUYN-NORANDA, QUEBEC--(Marketwired - May 2, 2016) - GLOBEX MINING ENTERPRISES INC. (TSX:GMX)(FRANKFURT:G1M)(STUTTGART:G1M)(BERLIN:G1M)(MUNICH:G1M)(XETRA:G1M)(OTCQX:GLBXF) is pleased to inform shareholders that it has acquired three lithium projects located in LaCorne and Figuery Townships, Quebec between the towns of Amos and Val D'Or. The projects called the Chubb, Bouvier and McNeely properties all have recorded spodumene (lithium mineral) occurrences in surface showings, trenches and drill holes. In all properties, multiple spodumene bearing Read More

  • Atacama Pacific Closes Non-Brokered Private Placement and Provides Corporate Update

    TORONTO, ONTARIO--(Marketwired - May 2, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Atacama Pacific Gold Corporation (TSX VENTURE:ATM) ("Atacama Pacific") is pleased to announce that it has closed a non-brokered private placement (the "Private Placement") of 1,500,000 common shares from a single investor at an issue price of C$0.30 per common share for gross proceeds of C$450,000. The Read More

  • Colonial Coal International Corp.: Proposed Private Placement and 10% Flatbed Property Interest Acquisition

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Colonial Coal International Corp. (TSX VENTURE:CAD) (the "Corporation" or "Colonial Coal") is pleased to announce that it has recently entered into a new letter agreement (the "Letter Agreement") with a certain investor group (the "Investor") which provides for the terms and conditions of each of a proposed private placement of units (the "Private Placement") of the Corporation together with the Read More

  • RTG Mining Inc. NI 43-101 Technical Report Mabilo Copper-Gold-Iron Project Camarines Norte, Philippines

    Subiaco, Western Australia (FSCwire) - The Board of RTG Mining Inc. (“RTG”, “the Company”) (TSX Code: RTG, ASX Code: RTG) announces that it has today filed a technical report (“the Report”) for the Mabilo Copper-Gold-Iron Project in the Philippines, pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Report provides detail on the disclosure contained in the Company’s news release issued on March 18, Read More

  • Red Eagle Mining comments on recent market activity

    VANCOUVER, May 2, 2016 /CNW/ - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) Red Eagle Mining wishes to confirm that its management is unaware of any material change in Red Eagle Mining's operations that would account for the recent increase in market activity. About Red Eagle Mining Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine development team. Read More

  • Xtra-Gold Announces Proposed CDN. $1,000,000 Non-Brokered Private Placement

    TORONTO, May 02, 2016 (GLOBE NEWSWIRE) -- Xtra-Gold Resources Corp. (“Xtra- Gold” or the “Company”) (TSX:XTG) (OTCQB:XTGRF) announces that it intends to conduct a non-brokered private placement financing of up to $1,000,000 through the sale of up to 2,500,000 units at $0.40 per Unit, subject to regulatory approval. Each unit consists of one common share and one-half (1/2) of a common share purchase warrant. Each whole warrant Read More

  • Barkerville Gold and Williams Creek Gold Enter Into Arrangement Agreement

    May 2, 2016 / TheNewswire / Toronto, Ontario and Vancouver, British Columbia - Barkerville Gold Mines Ltd. (TSXV: BGM) ("Barkerville") and Williams Creek Gold Limited ("Williams Creek") (TSXV: WCX) are pleased to announce that the companies have entered into a definitive arrangement agreement dated April 29, 2016 (the "Agreement"). Pursuant to the terms of the Agreement, Barkerville has agreed to issue an aggregate of 6,800,000 common shares of Barkerville Read More

  • North Arrow Sells Two Canadian Lithium Assets

    VANCOUVER, BC--(Marketwired - May 02, 2016) - North Arrow Minerals Inc. (TSX VENTURE: NAR) announces it has signed a binding letter of intent with Athabasca Nuclear Corp. (TSX VENTURE: ASC) to sell mineral claims covering two northern Canadian lithium prospects. Under terms of the letter of intent, North Arrow will sell its 100% interest in the Torp Lake, Nunavut and Phoenix, Northwest Territories mineral claims for 2,500,000 common Read More

  • Indico Announces Payment of Annual Option Payment on the Irmin Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI) is pleased to announce that the annual payment of US$2 million due in April 2016 towards the acquisition of a 100% interest in the Irmin Porphyry Copper-Gold Project has been made by our partners Aruntani SAC. Aruntani have completed dressing the road for regular use. They are now working on obtaining Read More

  • Magellan Securityholders Approve Business Combination With Anfield Nickel Corp.

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Magellan Minerals Ltd. (TSX VENTURE:MNM) (the "Company" or "Magellan") is pleased to announce that shareholders, optionholders and warrantholders of Magellan (together, the "Securityholders") have approved the previously announced business combination with Anfield Nickel Corp. ("Anfield"), to be completed by way of a plan of arrangement (the "Arrangement"), at a special meeting held on April 28, 2016. Under the terms of Read More

  • Atlantic Gold Announces Exercise of Over-Allotment Option

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Atlantic Gold Corporation (TSX VENTURE:AGB) ("Atlantic" or the "Company") is pleased to announce that the syndicate of underwriters for the Company's previously announced bought deal private placement of 20,833,400 common shares of the Company at a price of $0.60 (the "Offering Price") for total proceeds Read More

  • Commander Raises $1 million through Sale of Aston Bay Shares

    Vancouver, British Columbia--(Newsfile Corp. - May 2, 2016) - Commander Resources Ltd. (TSXV: CMD) ("Commander") has sold 3,500,000 shares of Aston Bay Holdings Ltd. ("Aston Bay") to JP Morgan Asset Management UK Limited for gross proceeds of approximately $1,000,000. Commander was aided in the sale by its strategic advisor Red Cloud Klondike Strike Inc. and by SP Angel Corporate Finance LLP. Commander retains 11 million Aston Bay shares Read More

  • Kootenay Silver Closes Pan American $1.55 Million Financing

    VANCOUVER, May 2, 2016 /CNW/ - KootenaySilver Inc. (TSXV: KTN) ("Kootenay") is pleased to announce that further to the joint press releases of Kootenay and Pan American Silver Corp. ("Pan American") dated February 16, 2016 and April 26, 2016, Kootenay has closed its non-brokered private placement with Pan American (the "Private Placement") and issued an aggregate of 6,793,550 shares for aggregate gross proceeds to Kootenay of CAD$1,553,431. Read More

  • Castle Resources Announces Debt Settlement

    TORONTO, ONTARIO--(Marketwired - May 2, 2016) - Castle Resources Inc. (CSE:CRI) ("Castle" or the "Company") is pleased to announce that is has entered into a debt conversion agreement with Drake Private Investments, LLC ("Drake"), a "control person" of the Company, as such term is defined in the Securities Act (Ontario). Pursuant to a debt facility assigned to Drake as announced on April 29, 2015, Castle owes Drake an Read More

  • 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.

GET DAILY NEWS FLOW

Receive Daily Newsletter With
All Morning Press Releases

FEATURED JUNIOR

Goldrich Mining Company

Exchange/Ticker: OTCQB: GRMC
Main Asset: Chandalar Gold District
Stage:
 Production/Exploration
Operating Region: U.S./Alaska
Profile: Goldrich Mining is a U.S. based resource company focused on developing the historic Chandalar gold district in the Ambler Schist belt of central Alaska. Goldrich controls a land package that covers over 22,000 acres of prospective targets and historic mines. The Company is building shareholder value by monetizing placer assets, generating non-dilutive funds, and conducting district-scale exploration... VIEW FULL PROFILE