ALL NEWS RELEASES

  • Gold Reserve Announces Extension of Memorandum of Understanding with Venezuela

    SPOKANE, Wash.--(BUSINESS WIRE)--Gold Reserve Inc. (TSX.V:GRZ) (OTCQB:GDRZF) (the “Company”) announced today that, by mutual agreement, the Company and the Bolivarian Republic of Venezuela have extended the previously announced February 24, 2016 Memorandum of Understanding (the “MOU”) from May 27, 2016 to June 21, 2016. The MOU contemplates settlement, including payment and resolution, of the arbitral award granted in favor of the Company by the International Centre Read More

  • Cameco and Kazatomprom Sign Agreement to Restructure JV Inkai

    SASKATOON, SASKATCHEWAN--(Marketwired - May 27, 2016) - ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED) Cameco Corporation (Cameco) (TSX:CCO)(NYSE:CCJ) signed an agreement with Joint Stock Company National Atomic Company Kazatomprom (Kazatomprom) and Joint Venture Inkai LLP (JV Inkai) to restructure and enhance JV Inkai. The agreement was signed during the annual foreign investors meeting with the president and government officials in Astana, Kazakhstan at a ceremony attended by Read More

  • Luna Gold Announces Greenfields Exploration Agreement With AngloGold Ashanti

    VANCOUVER, BC--(Marketwired - May 27, 2016) - Luna Gold Corp. (TSX: LGC), ("Luna" or the "Company") is pleased to announce that it has entered into an exploration agreement with AngloGold Ashanti Limited for the Company's greenfields mineral claims that surround its past-producing Aurizona Gold Mine in northern Brazil. The terms of the agreement require AngloGold Ashanti to invest US$14 million in exploration expenditure over a four year period Read More

  • First Quantum Announces Refinancing With Improved Financial Covenants and Amortization Schedule

    TORONTO, ONTARIO--(Marketwired - May 27, 2016) - (In United States dollars, except where noted otherwise) First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) (LSE:FQM) today announced that it has completed a new Term Loan and Revolving Credit Facility (the "Facility") with its core relationship banks. This new Facility replaces the existing $3 billion facility. The new $1.815 billion Facility comprises a $907.5 million Term Loan Facility, Read More

  • Arizona Mining announces $18 million underwritten private placement

    VANCOUVER, May 26, 2016 /CNW/ - Arizona Mining Inc. (TSX: AZ) ("Arizona Mining" or the "Company") is pleased to announce that it has entered into an agreement with Scotiabank and RBC Capital Markets, on behalf of a syndicate of underwriters (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for their own account or arrange for substituted purchasers to purchase on an underwritten private placement Read More

  • Endeavour Silver Announces Annual General Meeting Results

    VANCOUVER, BC--(Marketwired - May 27, 2016) - Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces that at yesterday's Annual General Meeting in Vancouver, shareholders voted in favour of all items of business, including the re-election of each director nominee. A total of 58,802,520 million votes were submitted by proxy, representing 54.34% of the outstanding common shares as of the record date. The following is a tabulation of the Read More

  • Nevada Copper Announces Red Kite Funding Commitment and Equity Financing Terms

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or the "Company") is very pleased to announce that its senior secured lender, EXP T1 Ltd., an affiliate of Red Kite Mine Finance ("Red Kite") has agreed to certain amendments to the senior loan agreement between the Company Read More

  • First Majestic Announces Election of Directors

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - First Majestic Silver Corp. ("First Majestic" or the "Company") (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) is pleased to announce the voting results for the election of its Board of Directors at its annual general meeting held on May 26, 2016. A total of 83,286,701 shares were represented at the meeting, being 53.37% of the Company's issued and outstanding common shares. Shareholders voted in favour of Read More

  • Macarthur Minerals and Venturex Enter Into Memorandum of Understanding and Results of Heliborne Reconnaissance

    VANCOUVER, BC--(Marketwired - May 27, 2016) - Macarthur Minerals Limited (TSX VENTURE: MMS) (the "Company" or "Macarthur Minerals") is pleased to announce that: it has entered into a Memorandum of Understanding ("MOU") with Venturex Resources Limited ("VXR") to enter into a Farm-in and Joint Venture Agreement ("FJVA") for rights to lithium on VXR's Sulphur Springs Project ("Suphur Springs"), in the Pilbara region of Western Australia, which is contiguous Read More

  • Condor Resources Inc.: Community Agreement for Development at the Chavin Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) is pleased to announce that it has concluded a long term exploration and exploitation agreement with the community near its Chavin project, located in Santa Province, Ancash Department, Peru, approximately 70 kms northwest of Barrick's Pierina mine. In November 2015 Condor signed a production royalty agreement on the Chavin project, whereby Read More

  • Atlantic Gold Completes $20M Equipment Finance Facility to Fund Mining Fleet With Cat Financial

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Atlantic Gold Corporation (TSX VENTURE:AGB) ("Atlantic" or the "Company") is pleased to announce that it, through its wholly owned subsidiary D.D.V. Gold Ltd., has executed a definitive Master Lease Agreement with Caterpillar Financial Services Limited ("Cat Financial"), in respect of the previously announced $20 million mining fleet equipment lease facility (the "Equipment Facility") to fund the Company's acquisition of Cat® Read More

  • CanAlaska Options Additional Claims for Diamond Exploration in the Northwestern Athabasca

    Vancouver, British Columbia--(Newsfile Corp. - May 27, 2016) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N), is pleased to report that it has optioned two claim groups for diamond exploration to Fjordland Exploration Inc. The two claims comprising 449 hectares and 2045 hectares respectively, were recently staked by the Company, and are located east of the claims CanAlaska optioned to De Beers Canada Inc. in the Read More

  • Reservoir Advises Mailing and Filing of the Information Circular and Proxy Materials Security Holders Are Recommended to Vote For the Transaction With Nevsun

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC)(OTC PINK:RVRLF)(BERLIN:9RE), is pleased to advise that the Management Information Circular (the "Information Circular") relating to the arrangement agreement between Reservoir and Nevsun Resources Ltd. ("Nevsun") whereby Reservoir and Nevsun will combine their respective companies (the "Arrangement") announced, on April 24th, 2016, has been mailed and filed on SEDAR. Reservoir shareholders and Read More

  • Wesdome Gold Mines Ltd. and Canoe Mining Ventures Corp. Close Agreement for Purchase and Sale of Coldstream and Hamlin Properties

    TORONTO, May 27, 2016 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Company") and Canoe Mining Ventures Corp. (TSXV: CLV) ("Canoe Mining") are pleased to announce that the parties have closed their previously announced agreement (the "Purchase Agreement") whereby Wesdome has purchased from Canoe Mining, a 100% interest in the Coldstream Project ("Coldstream") and the Hamlin-Deaty Creek Property ("Hamlin"), which are near to Wesdome's Read More

  • Energy Fuels Completes Transaction that Increases its Ownership in the Roca Honda Project to 100%

    LAKEWOOD, CO, May 27, 2016 /CNW/ - Energy Fuels Inc. (NYSE MKT:UUUU; TSX:EFR) ("Energy Fuels" or the "Company"), a leading producer of uranium in the United States, is pleased to announce that it has completed the previously announced acquisition of Sumitomo Corporation's ("Sumitomo's") 40% interest in the Roca Honda Project. The Company now owns and controls 100% of the Roca Honda Project, which is one of the Read More

  • Latin American Minerals Appoints New CFO

    TORONTO, ONTARIO--(Marketwired - May 27, 2016) - Latin American Minerals Inc. (TSX VENTURE:LAT) (the "Company" or "LAT") today announced the appointment of Tim Lallas as CFO of the Company. Mr. Lallas brings 20 years of experience in the mining industry. Having held roles in major producers with a focus on Latin America and is fluent in Spanish. His experience spans financial management and risk management in the precious Read More

  • Rambler Metals & Mining PLC: Result of General Meeting

    LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - May 27, 2016) - Rambler Metals & Mining PLC (TSX VENTURE: RAB) (LSE: RMM) 27 May 2016 Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) ('Rambler' or the 'Company') provides an update on the proposed subscription by CE Mining II Roma Limited ('CEII Roma'), 100 per cent owned by CE Mining GP II Limited on behalf of CE Mining Read More

  • Canada Carbon Closes $540,000 Flow-Through Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) announces it has closed a non-brokered private placement (the "Private Placement") which raised gross proceeds of $540,000. Specifically, the Company issued 1,350,000 flow-through shares ("Shares") at a price of $0.40 per share to two subscribers. No warrants were issued to the placees in conjunction with this private placement. Finder's fees of $32,400 were Read More

  • Goldrea Announces Property Acquisition and Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Goldrea Resources Corp. ("Goldrea" or the "Company") (CSE:GOR)(FRANKFURT:GOJ)(OTC PINK:GORAF) announces that it has entered into a letter of intent (LOI) with Ram Exploration Ltd. to acquire a package of mineral claims referred to as the Cannonball Property, comprising 1,490 hectares. The property is located approximately 15 kilometers northeast of the former Snip Mine in the Iskut River District of northwestern Read More

  • Nighthawk Gold Corp. Completes Acquisition of Superior Copper Corporation

    TORONTO, ONTARIO--(Marketwired - May 27, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. Nighthawk Gold Corp. (TSX VENTURE:NHK) ("Nighthawk") and Superior Copper Corporation (TSX VENTURE:SPC) ("Superior") are pleased to announce the successful completion of the previously announced amalgamation (the "Amalgamation") involving Superior, Nighthawk and a Read More

  • ATAC Resources Ltd. Announces AGM Results

    Vancouver, British Columbia (FSCwire) - ATAC Resources Ltd. (TSX-V: ATC) (the “Company”) announces that the following matters were approved at the May 26, 2016 Annual Meeting of Shareholders: 1.setting the number of directors at five; 2. the proposed slate of five directors; 3. the appointment of Davidson & Company, LLP as the Company’s auditors; and, 4. the renewal of the Company’s Stock Option Plan. The Company also Read More

  • Golden Arrow Files NI 43-101 Technical Report for Chinchillas Silver Project Mineral Resource Estimate

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Golden Arrow Resources Corporation (TSX VENTURE:GRG)(FRANKFURT:GAC)(WKN:A0B6XQ), ("Golden Arrow" or the "Company") is pleased to announce that it has filed on SEDAR a NI 43-101 Technical Report dated May 27th, 2016, to support the updated mineral resource estimate for the Chinchillas silver-lead-zinc project in Jujuy Province, Argentina, as announced April 12th, 2016. A copy of the Technical Report will also be Read More

  • Nevada Copper Annual Meeting Results

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or "Company") is pleased to announce the results from its 2016 Annual and Special Meeting (the "Meeting"), held on Friday, May 27th in Vancouver, B.C. Shareholders holding a total of 55,738,326 common shares of the Company attended the meeting in person or were represented by proxy, representing 69% of the total 80,501,458 common shares Read More

  • Nautilus Minerals Chairman Retires

    TORONTO, ONTARIO--(Marketwired - May 27, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that Mr. A. Geoffrey Loudon has advised the Board that he is retiring and will not stand for re-election at the upcoming Annual General Meeting on June 1, 2016 (the "AGM"). Mr. Loudon has enjoyed a long history with Nautilus, having been Chairman of the Board of Directors since Read More

  • Explor Increases Ogden Property

    ROUYN-NORANDA, QUEBEC--(Marketwired - May 27, 2016) - Explor Resources Inc. ("Explor" or "the Corporation") (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of 1 mining claim (2 mineral claim units) situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario. This claim is located in Ogden Township to the north of the Ogden Property. Highway 101 West is north of the property and provided Read More

  • Timberline Resources Announces Increase to Private Placement

    COEUR D'ALENE, IDAHO--(Marketwired - May 26, 2016) - Timberline Resources Corporation (OTCQB:TLRS)(TSX VENTURE:TBR) ("Timberline" or the "Company") announced today that due to demand, it has increased the amount of its previously announced private placement, disclosed in a press release dated May 11, 2016, from US$0.5 million to US$1.5 million (the "Increased Offering"). Under the Increased Offering, the Company may issue up to 10 million Units of the Company Read More

  • Northern Vertex Files Third Quarter Fiscal 2016 Financial Results

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Northern Vertex Mining Corp. (the "Company") (TSX VENTURE:NEE) announces that the Company's unaudited interim consolidated financial results for the third quarter fiscal 2016 ended March 31, 2016 have been filed on SEDAR. The full version of the Financial Statements and Management's Discussion & Analysis can be viewed on the Company's website at www.northernvertex.com or on SEDAR at www.sedar.com. Financial and Read More

  • Ivanhoe Mines Files NI 43-101 Technical Report on the Preliminary Economic Assessment for the Redevelopment of the Kipushi Zinc-Copper Project in the Democratic Republic of Congo

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Ivanhoe Mines (TSX:IVN) today announced that, further to its news release dated May 2, 2016, the company has filed a National Instrument 43-101 (NI 43-101) technical report on the preliminary economic assessment (PEA) for the redevelopment of the historic, high-grade, Kipushi zinc-copper-germanium-lead-silver mine. The Kipushi Project is operated by Kipushi Corporation (KICO), a joint venture between Ivanhoe Mines (68%) and Read More

  • ABE Resources Reports on Annual Meeting

    VAL-D'OR, QC, May 27, 2016 /CNW Telbec/ - ABE Resources Inc. (the "Company") (TSXV: ABE) is pleased to report on the results of its Annual General Meeting held May 27, 2016 in Val d'Or, Québec. The Company reports that Messrs. Yves Rougerie, Robert Bryce and Fred Burrows were re-elected directors of the Company. The shareholders also approved the re-appointment of Raymond Chabot Grant Thornton LLP, Chartered Accountants Read More

  • Kapuskasing Gold Announces Private Placement

    Vancouver, British Columbia (FSCwire) - KAPUSKASING GOLD CORP. (TSX-V: KAP) (the “Company” or “KAP”), announces that it intends to raise up to a total of $500,000 by way of a non-brokered private placement (the “Offering”) of Flow-Through Units (“FT Units”) at a price of $0.06 per FT Unit and Non Flow-Through Units (“NFT Units”) at a price of $0.05 per NFT Unit. The Offering The maximum Offering Read More

  • First Bauxite Corporation Announces Filing of Quarterly Financial Statements and MD&A

    TORONTO, ONTARIO--(Marketwired - May 27, 2016) - First Bauxite Corporation ("First Bauxite" or the "Company") (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) is pleased to announce that it has filed its unaudited quarterly financial statements and management's discussion and analysis for the period ended March 31, 2016. Both are available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.firstbauxite.com. About First Bauxite First Bauxite Corporation (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) Read More

  • Cartier Resources Inc. Announces AGM Election Results

    VAL-D'OR, QUEBEC--(Marketwired - May 27, 2016) - Cartier Resources Inc. (the "Company") (TSX VENTURE:ECR) announces that at its annual general meeting held on May 26th, 2016 that the following people were elected as directors of the Company: Michel Bouchard Philippe Cloutier Mario Jacob Jean-Yves Laliberté Daniel Massé The proposal to maintain the stock option plan as presented in the Management Information Circular was approved by the shareholders at Read More

  • Granite Creek Announces Changes to the Board of Directors, Proposes Shares for Debt Settlement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Granite Creek Gold Ltd. (the "Company") (TSX VENTURE:GCX) wishes to announce the appointment of J. François LALONDE, P.Eng to the board of directors of the company. Mr. Lalonde is an International Business Relations consultant and has been a member of 'Ordre des Ingénieurs du Québec' since 1985. He gained international experience by working on behalf of major engineering and construction Read More

  • Great Thunder Announces Private Placement

    VICTORIA, BC (FSCwire) - Great Thunder Gold Corp. (TSXV: GTG) reports that it is arranging a non-brokered private placement financing of up to 4,000,000 non-flow-through units at a price of $0.125 per unit and 4,000,000 flow-through shares at a price of $0.17 per share. Each non-flow-through unit will consist of one common share and one share purchase warrant. Each warrant, in turn, will entitle the holder to Read More

  • Giyani Gold Q1 Filing Default Update

    OAKVILLE, ONTARIO--(Marketwired - May 27, 2016) - Giyani Gold Corp. (TSX VENTURE:WDG) (the "Company" or "Giyani") was in technical default as a non-venture filer of the provisions of NI 51-102 requiring the Company to file its Three Months Ended March 31, 2016 Financial Statements and MD&A by May 16, 2016 being 45 days after end of the year resulting from its listing on the Johannesburg Stock Exchange ("JSE"). Read More

  • Oremex Silver Inc. Adopts Advance Notice By-Law

    Toronto, ON / TheNewswire / May 27, 2016 - Oremex Silver Inc. (TSXV:OAG) ("Oremex" or the "Company") announced today that the board of directors has adopted an advance notice by-law (the "Advance Notice By-law" or the "By-law"). The purpose of the Advance Notice By-law is to provide shareholders with a clear framework for nominating directors. The board of directors believes adoption of the By-law is in the best interests Read More

  • Duncan Park Enters Into Loan Agreement

    TORONTO, ONTARIO--(Marketwired - May 27, 2016) - Duncan Park Holdings Corporation (TSX VENTURE:DPH) announced today that it has entered into an unsecured term loan agreement with a non-arm's length party to borrow $30,000 (the "Loan"). The Loan bears an interest rate of 5% per annum, calculated annually and is due and payable on December 15, 2017. The Loan was made by Eric Salsberg, Chairman and a director of Read More

  • Lara Exploration Ltd.: Corporate Update

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - (TSX VENTURE:LRA) - Lara Exploration Ltd. ("Lara" or the "Company") is pleased to announce that all matters were successfully passed at its Annual General Meeting held on May 25, 2016. The nominated directors that were elected are Miles Thompson, Adrian Calvert, Christopher Jones, and William Steers. Lara also announces that pursuant to the Company's stock option plan, 100,000 incentive stock options Read More

  • New Millennium Iron Corp. Announces Receipt of Director Nominations

    CALGARY, ALBERTA--(Marketwired - May 27, 2016) - New Millennium Iron Corp. ("NML" or the "Company") (TSX:NML) announced today that pursuant to its advance notice bylaw adopted by the Board of Directors effective May 1, 2014 and ratified by the shareholders at the annual meeting held on June 25, 2014, it has received a notice of nomination of directors (the "Notice") from W. Scott Leckie, a shareholder of the Read More

  • West Red Lake Gold Warrant Funding

    Toronto, Ontario (FSCwire) - West Red Lake Gold Mines Inc. (“West Red Lake Gold” or the “Company”) (CSE: RLG) (FWB: HYK) (OTC: HYLKF) announces that it has received proceeds from the exercise of warrants in the amount of $481,680. All of the outstanding 4,816,800 warrants expiring June 30, 2016 have been exercised and the Company has issued a total of 4,816,800 common shares at a price of Read More

  • Antioquia Announces Suspension of Shares for Debt Transaction

    CALGARY, ALBERTA--(Marketwired - May 27, 2016) - Antioquia Gold Inc. ("Antioquia" or the "Company") (TSX VENTURE:AGD) announces further to its press release dated May 18, 2016, the Company has agreed with Infinita Prosperidad Minera SAC (formerly Desafio Minero) ("Infinita") to not proceed with the previously announced shares for debt transaction. The Company will continue to focus on the development of its core Cisneros project and the Company will Read More

  • SGX Provides Corporate Update

    TORONTO, ONTARIO--(Marketwired - May 27, 2016) - SGX Resources Inc. (TSX VENTURE:SXR) (the "Company") wishes to provide the following updates. In accordance with Policy 2.5, the Company has not met the requirements for a Tier 1 company. Therefore, effective Friday May 27, 2016, the Company's Tier classification will change from Tier 1 to Tier 2. Further to the Exchange Bulletin dated May 10, 2016, trading in the shares Read More

  • Aben Resources Closes First Tranche of Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Aben Resources Ltd. (TSX VENTURE:ABN)(OTC PINK:ABNAF)(FRANKFURT:E2L2) (the "Company") is pleased to announce the closing of the first tranche of the private placement announced on May 11, 2016. The Company has issued 2,140,000 units at $0.05 for gross proceeds of $107,000 with each unit consisting of one share and one warrant exercisable at $0.10 for a period of one year. Agents Read More

  • Condor Gold plc Announces Its Audited Results for the Year Ended 31st December 2015 and Notice of Its Annual General Meeting

    LONDON, ENGLAND--(Marketwired - May 26, 2016) - Condor Gold plc (''Condor" or "the Company") (AIM:CNR) is pleased to announce its results for the year ended 31st December 2015. Highlights: Whittle Consulting completed an Enterprise Optimisation Study analysing the Net Present Value for four production scenarios, this increased the contained gold within pit shells by 30% and gold produced by 20% to 25% per annum over four production scenarios; Read More

  • Largo announces significant increase in Maracás Project Mineral Reserves and Updated Mine Plan

    TORONTO, May 26, 2016 /CNW/ - Largo Resources Ltd. (TSX-V:LGO) (OTCQB: LGORF) ("Largo" or the "Company") is pleased to announce a 40% increase in the mineral reserves for the Campbell Pit at its Maracás Menchen Vanadium Mine in Bahia, Brazil (the "Maracás Project") and a new mine plan for the Maracás Project. The update, prepared by Whittle Consulting ("Whittle"), Micon International ("Micon") and RungePincockMinarco (Canada) Ltd. ("RPM"), Read More

  • Cordoba Minerals Drills 150 Metres of 1.15% Copper-Equivalent Mineralization at the Alacran Project

    TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Cordoba Minerals Corp. (TSX VENTURE:CDB) ("Cordoba" or the "Company") is pleased to announce that ongoing drilling within the Company's San Matias Copper Gold Project in Colombia has continued to intersect large zones of shallow, high-grade copper-gold mineralization at the Alacran copper-gold discovery. The current three drill holes of the preliminary 3,000-metre diamond drilling program all returned significant intercepts of near-surface copper Read More

  • Continental Gold Provides Update on the Colombian Government Operation to Permanently Close All Illegal Mines in Buritica

    TORONTO, ON--(Marketwired - May 26, 2016) - Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) ("Continental" or the "Company") announces that it has been informed by the Colombian Government that the major joint operation initiated on April 23, 2016 -- to permanently close all illegal mines and processing plants operating within the Company's exploitation and exploration licenses at the Buriticá project -- has thus far advanced peacefully and according to plan. Read More

  • Denison Reports Increased Grades With Receipt of Wheeler Assay Results and Announces Summer 2016 Exploration Priorities

    TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to report receipt of uranium assay results from the winter 2016 exploration drilling program on its 60% owned Wheeler River property, located in the infrastructure rich eastern portion of the Athabasca Basin region in northern Saskatchewan. In most cases, the final assay results have resulted in an increase in the Read More

  • Nautilus Upgrades and Increases CCZ Mineral Resource to over 685 Million Tonnes

    TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces its wholly owned subsidiary, Tonga Offshore Mining Limited ("TOML"), has upgraded its Mineral Resource estimate for its polymetallic nodule project to include portions in the Inferred, Indicated and Measured categories. This follows on from the successful completion of exploration campaigns in the Clarion-Clipperton Fracture Zone ("CCZ") in the Central Read More

  • Honey Badger Exploration Announces Acquisition of Wemindji Diamond Claims in Quebec

    TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("Honey Badger" or the "Company") announces that it has entered into an agreement, subject to certain terms and conditions, to acquire 29 claims located approximately 20 kilometres south-east of Wemindji, in the James Bay region of Québec. The claims totaling 1,388 hectares are located in the same fertile kimberlite area as the Company's LG Diamonds Read More

  • Imperial Files Mount Polley Mine Technical Report

    VANCOUVER, BC--(Marketwired - May 26, 2016) - Imperial Metals Corporation (the "Company") (TSX: III) has today filed on SEDAR a National Instrument 43-101 compliant 2016 Technical Report on the Mount Polley Mine (the "2016 Report"). The 2016 Report updates all exploration activities and mining plans for the Mount Polley mine to January 1, 2016. The report was prepared by Ryan Brown, P.Eng., Senior Mine Engineer, Gary Roste, P.Geo., Read More

  • Eldorado Gold Announces Election of Directors

    VANCOUVER, May 26, 2016 /CNW/ - Eldorado Gold Corporation ("Eldorado" "the Company" or "We"), in accordance with Toronto Stock Exchange requirements, announced the voting results for the election of its Board of Directors at the Company's Annual and Special Meeting of Shareholders held on May 25, 2016 in Vancouver, British Columbia. The director nominees as listed in the Management Proxy Circular dated April 5, 2016 were elected Read More

  • Midland Begins Prospecting and Stripping Program on Its Heva Gold Project Near the Cadillac Break

    MONTREAL, QUEBEC--(Marketwired - May 26, 2016) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce the beginning of an exploration program involving prospecting and stripping on its Heva gold project, wholly owned by Midland and located near the prolific Cadillac Break, about 5 kilometres northwest of the Canadian Malartic gold mine owned in joint venture by Agnico Eagle Mines Ltd and Yamana Gold Inc. which contains Read More

  • Americas Silver Corporation Announces Alex Davidson Appointed as Chairman Company Recommences Full Operations at the Nuestra Senora Mine

    TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Americas Silver Corporation (TSX:USA)(OTCQX:USAPF) (the "Company") announced today that its Board of Directors (the "Board") has elected director Alex Davidson to the role of Chairman of the Board, effective today. Peter Hawley has stepped down as Chairman but will continue to act as a Director of the Company. "Peter has been an integral part of the Company from day one as Read More

  • Rob McEwen and Greg Chamandy Make Strategic Investment in Monarques Gold Corp.: The Company Secures a $3 Million Private Placement

    MONTRÉAL, QUÉBEC--(Marketwired - May 26, 2016) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONARQUES GOLD CORPORATION ("Monarques" or the "Corporation") (TSX VENTURE:MQR)(FRANKFURT:MR7) is pleased to announce that it has entered into two subscription agreements with Evanachan Limited ("Evanachan"), a corporation controlled by Mr. Robert McEwen and Oxbridge Group Inc. ("Oxbridge") a corporation controlled by Mr. Read More

  • Teck Announces Pricing of US$1.25 Billion of 5 and 8-Year Notes

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it has priced its previously-announced offering of senior unsecured notes. Teck will issue US$1.25 billion in aggregate principal amount of senior unsecured notes, consisting of US$650 million aggregate principal amount of five-year notes and US$600 million aggregate principal amount of eight-year notes. The notes will be guaranteed on Read More

  • Silvercorp Reports Silver Production of 5.0 Million Ounces, Cash Flows From Operations of $31.9 Million, or $0.19 per Share, for Fiscal Year Ended March 31, 2016

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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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Condor Gold

Exchange/Ticker: LON: CNR
Main Asset: La India Gold District
Stage:
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