• 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 or on SEDAR at 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

  • 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

  • Nevada Exploration Inc. Stakes Additional Claims in Kelly Creek Basin and Updates Geologic Model

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Nevada Exploration Inc. ("NGE" or the "Company") (TSX VENTURE:NGE)(OTCQX:NVDEF) is pleased to announce that it has added 76 new claims covering 550 hectares (1,360 acres) to its land position in Nevada's prolific Kelly Creek Basin to secure the growing target defined by NGE`s updated 3D geologic model. The Kelly Creek Basin is located along the Battle Mountain - Eureka Gold Trend, Read More

  • U.S. Antimony Reports Antimony Price Increase and Large Zeolite Order

    THOMPSON FALLS, Mont.--(BUSINESS WIRE)--United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported the following sales for April: Product April 2016 Antimony pounds 221,145 BRZ zeolite tons 1,253 Gold from Australia ounces 60.109 Production of antimony during April was actually 349,224 pounds that had been sold but 128,079 had not been delivered. Zeolite sales were good despite bad weather conditions. Additionally, BRZ, a wholly owned subsidiary of Read More

  • Canterra Provides Update on South Slave Properties

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Canterra Minerals Corporation (TSX VENTURE:CTM) (the "Company") is pleased to provide an update on the Company's South Slave Properties in the Northwest Territories ("NT"). For additional information, please visit the Company's website: Exploration: The Company completed a till sampling program in 2015, designed to identify and further define potential drill targets. A total of 204 till samples were collected Read More

  • Ashburton Acquires Option Over Thompson Bros. Lithium Property in Wekusko Lake, Manitoba and Simultaneous Option Financing Agreement

    Vancouver, British Columbia (FSCwire) - ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT) (“Ashburton” or the "Company”) is pleased to announce that it has signed a Definitive Agreement with Strider Resources Ltd (“Strider”) to acquire an Option over the Thompson Bros. Lithium Property in Wekusko Lake, Manitoba (the “Property”), and simultaneously signed a Binding Heads of Agreement with Manitoba Minerals Pty Ltd (“MMPL”) to finance all payments and obligations relating Read More

  • Scandium International Files Environmental Impact Statement in Support Of Development of the Nyngan Scandium Project

    Reno, Nevada (FSCwire) - Scandium International Mining Corp. (TSX:SCY) (“Scandium International” or the “Company”) is pleased to announce that an Environmental Impact Statement (“EIS”) has been filed with the New South Wales Department of Planning and Environment, (the “Department”) in support of the planned development of the Nyngan Scandium Project. The EIS was prepared by R.W. Corkery & Co. Pty. Limited, on behalf of EMC Metals Australia Read More

  • UEX Places "Flow-Through" Shares and Overallotment Option; Adds "Hard Dollar" Private Placement

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - UEX Corporation (TSX:UEX) ("UEX" or the "Company") is pleased to announce that Primary Capital Inc. ("Primary") has advised that all 16,000,000 "flow-through" common shares of the Company offered at $0.25 per "flow-through" share and announced by UEX on April 28, 2016 have been placed. Primary has also advised UEX that the overallotment option of the 4,000,000 "flow-through" shares has also Read More

  • Athabasca Nuclear Corp. to Acquire High-Grade Lithium Spodumene Assets

    Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) ( “ASC” or the “Corporation”) is pleased to announce that it has entered into a binding letter of intent with North Arrow Minerals Inc. (TSX-V:NAR) (“North Arrow”) to acquire the Torp Lake and Phoenix claims which host the McAvoy, Big Bird and Curlew lithium pegmatite bodies. “Today’s announcement represents an exciting and fundamental step forward for ASC’s lithium Read More

  • Northern Sphere Mining Corp. Announces Joint Venture on Scadding Gold Property

    Toronto, Ontario--(Newsfile Corp. - May 2, 2016) - Northern Sphere Mining Corp. (CSE: NSM) ("Northern Sphere" or the "Company") is pleased to announce it has entered into a joint venture agreement with Trueclaim Exploration Inc. ("Trueclaim") (TSX-V: TRM) for a joint venture project on Trueclaim's Scadding Gold Property (the "Property"). Under the terms of the agreement, Northern Sphere has earned an 80% interest in the Property and has Read More

  • Mindoro Files Annual Audited Financial Statements

    MANILA, PHILIPPINES--(Marketwired - May 2, 2016) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) ("Mindoro" or the "Company") today announced the filing of the Company's annual audited financial results for the year ended December 31, 2015. Items in this news release should be read in conjunction with the Company's Annual Audited Financial Statements and the Management Discussion and Analysis, which are available on SEDAR at All dollar amounts Read More

  • Kaizen Discovery Announces Key Management Changes

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Kaizen Discovery Inc. (TSX VENTURE:KZD) announced today that it has appointed three experienced mining executives to Kaizen's management team. Joining the company effective immediately are Charlie Forster, as Vice President, Exploration, Mark Gibson, as Chief Operating Officer, and Sam Riggall, as Commercial Advisor. "The addition of Messrs. Forster, Gibson and Riggall is part of the transformation undertaken over the past Read More

  • Zenyatta Announces Rights Offering to Fund Ongoing Market & Business Development Programs

    THUNDER BAY, ON--(Marketwired - May 02, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE: ZEN) announces that it will be offering rights (the "Rights") to holders of its common shares (the "Common Shares") at the close of business on the Read More

  • Unigold Announces Brokered Private Placement of C$2,500,000

    TORONTO, ONTARIO--(Marketwired - May 2, 2016) - Unigold Inc. ("Unigold" or the "Company") (TSX VENTURE:UGD) is pleased to announce that it has appointed a syndicate of agents, including M Partners and Primary Capital Inc. (the "Agents") to sell by way of a private placement up to 8,333,334 units of the Company (the "Units") at a price of C$0.30 per Unit for gross proceeds of up to C$2,500,000 (the Read More

  • Fortuna to Release First Quarter Financial Results on May 9, 2016

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Fortuna Silver Mines Inc. (NYSE:FSM)(TSX:FVI) announces that it will release its financial statements and MD&A for the first quarter after the market closes on Monday, May 9, 2016. A conference call to discuss the financial and operational results will be held on Tuesday, May 10, 2016 at 9:00 a.m. Pacific / 12:00 p.m. Eastern. Hosting the call will be Jorge A. Read More

  • Eastmain Resources Announces Results of Annual and Special Meeting of Shareholders

    TORONTO, ONTARIO--(Marketwired - May 2, 2016) - Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER) announced today, in accordance with Toronto Stock Exchange requirements, the results of the voting at its annual and special meeting of shareholders (the "Meeting"), held on April 29, 2016 in Toronto, Ontario, Canada. At the Meeting, all director nominees listed in the Company's management information circular dated April 6, 2016 (the "Circular") were Read More

  • Lithium Americas Announces Appointment of Corporate Chief Technical Officer and President of Lithium Nevada Corp.

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 2, 2016) - Lithium Americas Corp. (the "Company" or "LAC") (TSX:LAC)(OTCQX:LACDF) is pleased to announce that Dr. David S. Deak has joined the Company as Chief Technical Officer ("CTO") and Senior Vice President, and President of its subsidiary Lithium Nevada Corp. ("LNC"). Dr. Deak holds a D.Phil. in Materials Science from Oxford University and is well-known within the lithium and battery materials industry. Read More

  • Durango Closes First Tranche of Financing

    Vancouver, BC / TheNewswire / May 2, 2016 - Durango Resources Inc. (TSX.V-DGO), (the "Company" or "Durango" announces that it has closed the first tranche (the "First Tranche") of its private placement financing announced in the news release dated April 12, 2016 (the "Financing"). The First Tranche consists of 1,325,000 units ("Units") at a price of $0.20 per Unit for gross proceeds of $265,000.00. Each Unit consists of one Read More

  • Crystal Peak Minerals Inc. Announces Exercise Of EMR Warrant and Additional Private Placement With EMR

    TORONTO, ONTARIO--(Marketwired - May 2, 2016) - Crystal Peak Minerals Inc. ("Crystal Peak" or the "Company") (TSX VENTURE:CPM)(OTCQX:CPMMF) is pleased to announce that EMR Capital Resources Fund 1, LP ("EMR") exercised its full contingent of 34,516,129 warrants at a price of C$0.4243 per common share for gross proceeds of C$14.65 million pursuant to its subscription agreement with the Company (dated May 29, 2015 and available on SEDAR at Read More

  • Alianza Minerals Appoints New Director

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Alianza Minerals Ltd. (TSX VENTURE:ANZ) ("Alianza" or the "Company") is pleased to announce that the Board of Directors has appointed Mr. Geoff Chater, B. Sc. Geology, as a director of the Company. Mr. Chater is the principal of Namron Advisors, a capital markets consultancy he founded in 1998 that provides advice related to corporate strategy, transaction related business development and Read More

  • Canadian Zinc Corporation - Update on research program to investigate central milling facility in central Newfoundland

    VANCOUVER, May 2, 2016 /CNW/ - Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) ("the Company" or "Canadian Zinc") is pleased to provide an update on its collaboration project with Buchans Minerals Corporation ("BMC"), a wholly owned subsidiary of Minco Plc (AIM: MIO) in which the companies have agreed to jointly undertake a research program aimed at investigating the technical viability of developing their respective central Newfoundland Zn-Pb-Cu-Ag-Au Read More

  • Equitas Resources Corp. Appoints Advisory Board and Files Updated Technical Report

    Vancouver, BC (FSCwire) - Equitas Resources Corp. (“Equitas” or the “Company”) (TSXV: EQT) (US: EQTRF) (Frankfurt: T6UN) is pleased to introduce the Company’s newly appointed advisory board. Equitas believes the combination of each advisor and their wealth of experience within their respected professions will provide significant guidance and contribution at this stage of developments. Equitas would also like to report that an updated NI 43-101 Technical Report Read More

  • West African Resources: March 2016 Quarterly Activities Report

    Perth, Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 31 March 2016.Highlights Tanlouka Gold ProjectM1 South Prospect Drilling completed over 350m of strike, open to the north west and at depth Ultra-high grade results from M1 South included: - 4m at 86.96g/t Au from 93m including Read More

  • Pacific Bay Joint Venture Sells 18.3 Tonnes of BC Jade

    Vancouver, British Columbia--(Newsfile Corp. - May 2, 2016) - David H. Brett, President and CEO, Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") reports that so far, 18.3 tonnes of the 56.7 tonnes mined by the Company's joint venture partner Dease Lake Jade Mine Ltd. ("DLJ") during the 2015 mining season. A total of 6 boulders have sold, two in Canada and four in China Read More

  • Potash Ridge Appoints Robert Cross as Corporate Advisor

    TORONTO, ONTARIO--(Marketwired - May 2, 2016) - Potash Ridge Corporation ("Potash Ridge") (TSX:PRK) (OTCQX:POTRF), a near term producer of premium fertilizer in North America, is pleased to announce the appointment of Robert ("Bob") Cross as a corporate advisor. Mr. Cross brings with him a wealth of experience in executive leadership in the natural resource sector and significant capital markets experience. Guy Bentinck, Potash Ridge's President and Chief Executive Read More

  • Noble Mineral Exploration Inc. Announces Stock Option Grants

    Toronto, Ontario / TheNewswire / May 2, 2016 - Noble Mineral Exploration Inc. (the "Company") (TSX-V:NOB, FRANKFURT:NB7, OTC.PK:NLPXF) announces the grant of 5,550,000 options to officers and directors. Each option has a term expiring on January 22, 2019 and is exercisable at $0.05 per share. The options vest immediately. About Noble Mineral Exploration Inc.: Noble Mineral Exploration Inc. is a Canadian based junior exploration company holding in excess of Read More

  • Cameco Reports First Quarter Financial Results

    SASKATOON, SASKATCHEWAN--(Marketwired - April 29, 2016) - ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED) Results reflective of quiet market during the first quarter Maintaining annual delivery and cost of sales guidance Undertook restructuring activities to support the long-term health and sustainability of the company Continued success ramping up Cigar Lake Lower uranium production guidance due to operational changes at Rabbit Lake, US ISR and McArthur River/Key Lake Read More

  • Buenaventura Announces First Quarter 2016 Results

    LIMA, Peru--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE:BVN; Lima Stock Exchange:BUE.LM), Peru’s largest publicly-traded precious metals mining company, announced today results for the first quarter (“1Q16”) period ended March 31, 2016. All figures have been prepared in accordance with IFRS (International Financial Reporting Standards) on a non GAAP basis and are stated in U.S. dollars (US$). First Quarter 2016 Highlights: In 1Q16, Read More

  • Newmarket Gold Reports Strong First Quarter 2016 Financial Results; Essentially Debt-Free; Fosterville Delivers Record Production and Low AISC of US$723

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Newmarket Gold Inc. ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) is pleased to announce financial results for the three months ended March 31, 2016. All figures are in United States ("U.S.") dollars, unless otherwise stated. Full Financial Statements and Management Discussion & Analysis documents can be found at and the Company's website, First Quarter 2016 Highlights Strong Financial Position: Cash Read More

  • Columbus Gold Drills 35.1 Meters of 4.1 g/t Gold, Including 19.8 Meters of 6.91 g/t Gold and 97.3 g/t Silver, at Eastside, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Columbus Gold Corp. (TSX:CGT)(OTCQX:CBGDF) ("Columbus") is pleased to report results of the first ten 2016 drill holes and of new geological work completed at its 100% owned Eastside gold project in Nevada. Highlights of the 2016 drilling include: ES-96 with 35.1 m of 4.1 g/t gold (including 19.8 m of 6.91 g/t gold and 97.3 g/t silver) ES-90 with 13.4 Read More

  • Seabridge Gold Announces Closing of C$8.7 Million Cross-Border Public Offering of Common Shares

    TORONTO, April 29, 2016 (GLOBE NEWSWIRE) -- Seabridge Gold Inc. (TSX:SEA)(NYSE:SA) (the “Company” or “Seabridge”) announced today that it has closed its previously announced cross-border public offering (the “Public Offering”) of common shares of the Company (the “Common Shares”). The Public Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and including National Bank Financial Inc. and Paradigm Capital Inc. (together, the “Underwriters”) Read More

  • Golden Minerals Reports First Quarter 2016 Results

    GOLDEN, Colo., April 29, 2016 /PRNewswire/ -- Golden Minerals Company ("Golden Minerals" or the "Company") (NYSE MKT: AUMN and TSX: AUM) announces results for the first quarter ended March 31, 2016. First Quarter Summary Revenue of (US)$1.5 million in the first quarter 2016 compared to $2.3 million in the first quarter 2015 Loss from operations of $2.3 million compared to a loss of $5.0 million in the Read More

  • Cascabel Exploration Update - Hole 16 Results Extend Alpala Central High Grade Mineralization

    OTTAWA, ONTARIO--(Marketwired - April 29, 2016) - Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX VENTURE:CGP)(FRANKFURT:GWN)(BERLIN:GWN)(OTCBB:CTNXF) announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the Company has a 15% interest financed through to completion of a feasibility study. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project. HIGHLIGHTS: Read More

  • Boliden’s Acquisition of Kevitsa Mine Approved by Competition Authorities

    BOLIDEN, Sweden--(BUSINESS WIRE)--Relevant competition authorities have approved Boliden’s acquisition of the nickel- and copper mine Kevitsa in Finland. With the approval from the competition authorities in Sweden, Finland and Germany, all external approvals required for closing the deal have been received. Boliden continues to work on the remaining details and the plan is to close the deal around 1 June 2016. “This acquisition is in line Read More

  • Avnel Gold Receives Approval of ESIA for the Kalana Main Project

    ST. PETER PORT, GUERNSEY--(Marketwired - April 29, 2016) - Avnel Gold Mining Limited ("Avnel" or the "Company") (TSX:AVK) is pleased to announce that the Environmental and Social Impact Assessment ("ESIA") and the associated Environmental and Social Management Plan ("ESMP") for the development of the Kalana Main Project has been approved by the Malian authorities. Approval of the ESIA was the key government approval required to advance the Kalana Read More

  • Canadian Metals Announces Positive Preliminary Economic Assessment of Langis Project

    MONTRÉAL, QUÉBEC--(Marketwired - April 28, 2016) - Canadian Metals Inc. (The "Corporation") (CSE:CME) is pleased to announce the results of a positive PEA study that was completed by Viridis.iQ GmbH in collaboration with GeoLogic, GeoForbes and Biofilia, respectively responsible for metallurgy and mineral processing, resource estimate and environmental. The PEA study demonstrates that the Project has robust economics and potential to become a profitable producer of silicon metal. Read More

  • Goldcorp announces voting results from Annual Shareholders Meeting

    VANCOUVER, April 29, 2016 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) ("Goldcorp" or the "Company") announces the voting results for the election of its Board of Directors, which took place at the Company's Annual and Special Meeting held on April 28, 2016. The nominees listed in the management proxy circular dated March 14, 2016 were elected as directors of Goldcorp at the meeting. Detailed results of Read More

  • Nemaska Lithium Buys Modular Mill to Produce Lithium Concentrate from Whabouchi Bulk Sample-6% Li2O Spodumene Concentrate to Feed Phase 1 Lithium Hydroxide Plant

    QUEBEC CITY, QUEBEC--(Marketwired - April 29, 2016) - Nemaska Lithium Inc. («Nemaska Lithium» or the «Corporation») (TSX VENTURE:NMX)(OTCQX: NMKEF) announces that it has purchased a new self-contained dense media separation (DMS) portable mill to be located at the Whabouchi mine site. The portable and modular mill, with a processing capacity of 10 t/hour, will be used to process a mine-representative bulk sample of about 29,000 t from the Read More

  • Carpathian Gold Inc. Completes Restructuring

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  • 1

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 23, 2015) - Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE:COL) is pleased to announce results from infill drilling at the Carmacks Cu-Au-Ag project, Yukon, Canada. Drill holes CN15-09 to CN15-22 were completed in Zone 13 located approximately 500 metres southeast of drilling in Zone 2000S (see September 8, 2015 news release).

The 13 drill holes, drilled over a length of 280 metres of Zone 13, have confirmed a thick near-surface zone of oxide copper, a transition zone with native copper and sulphide copper mineralization that remains open along strike and to depth. Copper North is pleased with the drill results and a resumption of definition drilling is under consideration.

Zone 13 Drilling Highlights

  • CN15-13: 31.3 metres of 0.80% Total Cu, 0.18 g/t Au, 2.57 g/t Ag
  • CN15-19: 102.1 metres of 0.37% Total Cu, 0.09 g/t Au, and 1.21 g/t Ag
  • CN15-20: 82.6 metres of 0.52% Total Cu, 0.14 g/t Au, and 1.85 g/t Ag
  • CN15 -21 119.6 metres of 0.35 % Total Cu, 0.08 g/t Au, and 0.98 g/t Ag

Carmacks Drilling

The Zone 13 area of drilling is located approximately 700 metres south-east from the edge of the proposed open-pit for Zones 1, 4, 7 and 7A. Zone 13 mineralization is not included in the Measured and Indicated resource of 11,980,000 tonnes grading 1.07 % total copper, 0.86% acid-soluble copper in Zones 1, 4, 7 and 7A (see Preliminary Economic Assessment filed on May 30, 2014). Copper North believes that it has completed sufficient definition drilling in Zone 13 to prepare a resource estimate in the drill area, potentially increasing the resources and the life of the proposed mine.

All mineralized intercepts from the 13 holes are within 120 metres of surface. Assays for oxide copper, native copper transition and sulphide copper mineralization are summarized in Table 1. Intercepted widths of over 100 metres demonstrate that Zone 13 is a wide zone of near-surface copper mineralization that has the potential to be mined with a low strip-ratio.

Estimated true widths vary but based on geological interpretation of cross-sections, true widths are estimated to be typically 80 to 90% of the intersected widths. The drill hole locations, dip angles and azimuths can be found, along with maps and cross sections on Copper North's website

Tonnage Potential

The estimated tonnage potential of mineralization along the approximate 280 metre strike length drilled in Zone 13 is between 7 and 9 million tonnes. This tonnage potential has been calculated by geometrical and 3D wireframe methods based on the volume of mineralized material interpreted between mineralized drill intercepts, using a density of 2.7 t/m3,and extending to depths of up to 150 m below surface.

Zone 13 is open to the north and south - exploratory drill holes and trenching in these areas show that near surface oxide copper mineralization is present over a total strike length of more than 700 metres, including the 280 metre section reported herein. The Company expects that with further infill drilling, the near-surface resource potential of Zone 13 could be significantly expanded.

Investors are cautioned that the tonnage potentials indicated here are not NI43-101 compliant resources or reserves. Tonnage potentials were calculated based on volumes of rock derived from the geological interpretation between drill intercepts that contain visible copper mineralization. No statement is made regarding the potential grade of the tonnage potentials.

Table 1: Drill results from Zone 13.

Hole From (m) To (m) Intercept width (m) Total Cu (%) Acid-soluble (oxide) Cu (%) Au (g/t) Ag (g/t) Style of mineralization
CN15-09 23.90 111.30 87.40 0.26 0.17 0.08 0.84 Oxide, Native
CN15-10 22.86 75.80 52.94 0.27 0.22 0.09 2.23 Oxide
CN15-11 16.00 50.50 34.50 0.28 0.23 0.21 0.79 Oxide
CN15-12 21.50 54.41 32.91 0.17 0.13 0.02 0.50 Oxide
CN15-12 63.00 96.02 33.02 0.27 0.14 0.09 0.98 Oxide, Native
CN15-13 22.00 57.53 35.53 0.35 0.27 0.08 1.32 Oxide
CN15-13 99.30 130.58 31.28 0.80 0.05 0.18 2.57 Sulphide
CN15-14 19.50 119.49 99.99 0.23 0.06 0.07 0.86 Oxide, Native, Sulphide
including 19.50 23.47 3.97 0.52 0.45 0.24 3.43 Oxide
and 81.00 86.70 5.70 0.33 0.04 0.07 1.28 Native, Sulphide
and 99.20 119.49 20.29 0.64 0.05 0.19 1.84 Native, Sulphide
CN15-15 13.80 104.12 90.32 0.29 0.08 0.07 0.81 Oxide, Native, Sulphide
including 75.76 104.12 28.36 0.61 0.06 0.16 1.73 Native, Sulphide
CN15-16 hole failed owing to poor ground conditions
CN15-17 19.81 48 28.19 0.55 0.48 0.16 2.35 Oxide
CN15-18 13.53 33.65 20.12 0.31 0.25 0.09 1.50 Oxide
CN15-19 34.00 136.1 102.10 0.37 0.14 0.09 1.21 Oxide, Native, Sulphide
including 54.00 95.64 41.64 0.57 0.25 0.14 1.77 Oxide, Native
and 126.52 136.1 9.58 0.65 0.07 0.19 2.50 Native, Sulphide
CN15-20 27.50 110.10 82.60 0.52 0.29 0.14 1.85 Oxide, Native, Sulphide
CN15-21 34.75 154.30 119.55 0.35 0.10 0.08 0.98 Oxide, Native, Sulphide
including 119.38 152.02 32.64 0.69 0.06 0.17 1.97 Sulphide
CN15-22 10.50 22.79 12.29 0.31 0.22 0.10 0.71 Oxide


Quality assurance and quality control procedures include the systematic insertion of duplicate and standard samples in to the sample stream. Drill core samples were sawn in half, labelled, placed in sealed bags and were shipped straight to the preparatory laboratory of ALS Minerals in Whitehorse. All geochemical analyses were performed by ALS Minerals in North Vancouver. Total copper assays were performed by four-acid digestion with an AAS finish. Soluble copper assays were carried out by sulphuric acid digestion with an AAS finish. Gold was analysed by a 30 g charge fire assay with an AAS finish. Silver was analyzed by four-acid digestion and ICP-AES finish.

Dr. Harlan Meade, P.Geo. is the Qualified Person responsible for the preparation of this news release.

On behalf of the Board of Directors:

Dr. Harlan Meade, President, CEO and Director

About Copper North

Copper North is a Canadian mineral exploration and development company. Copper North's assets include the Carmacks Project located in the Yukon, the Redstone Property located in the Northwest Territories, and the Thor Property in British Columbia. Copper North trades on the TSX Venture Exchange under the symbol COL.

This news release includes certain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to results from current and previous exploration on the Carmacks Project; proposed exploration plans, their timing, and results achieved from such activity; the potential for expanding the known mineral resources; development, engineering and permitting activities, and their timing; and future economic operating results. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the timing and success of current and future exploration and development activities; exploration and development risks; market prices; exploitation and exploration results; availability of capital and financing; general economic, market or business conditions; uninsured risks; regulatory changes; defects in title; availability of personnel, materials and equipment; unanticipated environmental impacts on operations; and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the current and proposed exploration and development of the Carmacks Project will proceed as planned; early exploration success will increase mineral resources; market fundamentals will result in sustained metals and mineral prices; and any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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.

Copper North Mining Corp.
Dr. Harlan Meade
President and Chief Executive Officer
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Goldrich Mining Company

Exchange/Ticker: OTCQB: GRMC
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