• Nemaska Lithium Receives First $5M Tranche from Ressources Quebec Inc. for Phase 1 Lithium Hydroxide Plant

    QUÉBEC CITY, QUÉBEC--(Marketwired - May 24, 2016) - Nemaska Lithium Inc. ("Nemaska" or the "Corporation") (TSX VENTURE:NMX)(OTCQX:NMKEF) is pleased to announce that it has received the first $5M tranche from Ressources Québec Inc., a subsidiary of Investissement Québec,, acting as a mandatary for the government of Québec. The private placement with Ressources Québec totalling $10M was announced on March 11, 2016 and was held in escrow until the Read More

  • AQM Copper Releases Positive Results From Preliminary Feasibility Study of the Zafranal Copper Project in Peru

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - AQM Copper Inc. (TSX VENTURE:AQM)(BVL:AQM) ("AQM" or the "Company") is pleased to announce the completion of a positive, independent Preliminary Feasibility Study ("PFS") of the Company's Zafranal Project ("Project") located in the southern Peru porphyry copper belt. The Zafranal Copper Project is owned by Compañia Minera Zafranal S.A.C. ("CMZ"), a joint venture company that is beneficially owned by AQM, Teck Read More

  • Seabridge Gold’s 2016 Drill Program Targets Further Deep Kerr Expansion

    TORONTO, May 24, 2016 (GLOBE NEWSWIRE) -- Seabridge Gold (TSX:SEA) (NYSE:SA) today outlined its 2016 exploration plans at its 100%-owned KSM Project in northwestern British Columbia. The program calls for 10,000 meters of core drilling designed to expand by as much as 800 meters the block cave shapes that confine the current resource estimate. Drilling is planned to begin by mid-June following a winter of relatively light Read More

  • Sierra Metals Provides Exploration Update for the Esperanza Zone, Yauricocha mine Peru - Mineralized Zone Extended to the South and at Depth

    TORONTO, May 24, 2016 /CNW/ - Sierra Metals Inc. (TSX: SMT) (BVL: SMT) ("Sierra Metals" or "the Company") today announced the release of drill results for the Esperanza zone at its Yauricocha mine in Peru (drill results from January 1, 2016 to May 19, 2016). This news release is a follow-up to the initial news release dated January 28, 2016 which announced the discovery of the "Esperanza" Read More

  • Hecla Mining to Acquire Mines Management

    COEUR D’ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (NYSE:HL) (Hecla) and Mines Management, Inc. (NYSE MKT:MGN, TSX: MGT) (Mines Management) today announced a merger agreement with Hecla acquiring Mines Management. In the proposed merger, each outstanding common share1 of Mines Management will be exchanged for 0.2218 of a common share of Hecla. This represents a 41% premium to Mines Management, using both companies’ 10 day VWAP (Volume Weighted Read More

  • Kirkland Lake Gold Reports Exploration Results From Underground Drilling on the SMC and Initial Results Testing a New Zone on the '04 Break

    TORONTO, ONTARIO--(Marketwired - May 24, 2016) - Kirkland Lake Gold Inc., ("Kirkland Lake Gold" or the "Company") (TSX:KGI), an intermediate gold producer with operations in Ontario, Canada, is pleased to report results from underground exploration drilling programs on the South Mine Complex ("SMC") and the '04 Break. The SMC drilling was focused on the South Claims (formerly a part of the Queenston Mining Joint Venture property) which are Read More

  • Victoria Confirms High Grade Mineralization Between the Olive and Shamrock Zones Including 26.5m at 2.1 g/t Gold

    TORONTO, ON--(Marketwired - May 24, 2016) - Victoria Gold Corp. (TSX VENTURE: VIT) "Victoria" or the "Company" is pleased to announce the 3rd set of results from the 2016 Olive-Shamrock diamond drilling program. The results from the latest assays received confirm the continuation of gold mineralization between Olive and Shamrock and validate the exploration model currently testing the near surface, high grade material in the Olive-Shamrock Shear Zone. Read More

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

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to announce additional drill results from six Reverse Circulation (RC) and one diamond core hole at the 100% controlled Goldstrike Oxide Gold Project in southwestern Utah. The primary target is Carlin-style shallow, oxide gold mineralization on the 7 km long, 2 km-wide "Historic Mine Trend", between and down-dip to Read More

  • Rio Tinto Senior management changes

    Rio Tinto has appointed Stephen McIntosh as the acting Group executive, Technology & Innovation to succeed Greg Lilleyman, who will leave the company after 25 years of service. Stephen has been with Rio Tinto for almost 30 years working on projects in more than 45 countries spanning the A-Z of minerals and metals. Most recently, he was head of Exploration, leading a 450-strong global team of Read More

  • Boliden Signs EUR 1,390 Million Credit Agreements

    BOLIDEN, Sweden--(BUSINESS WIRE)--Regulatory News: Boliden (STO:BOL) (TSX:BLS), in partnership with 11 banks, has signed a syndicated revolving credit facility agreement of EUR 770 million. The agreement comprises two facilities: one of EUR 362 million with a term of 3 years which replaces an existing facility of EUR 400 million that matures in 2017, and one of EUR 408 million with a term of 5 years which Read More

  • Sarama Resources Acquires the Bondi Gold Deposit in Burkina Faso From Orezone Gold

    VANCOUVER, BC--(Marketwired - May 24, 2016) - Sarama Resources Ltd. ("Sarama" or the "Company") (TSX VENTURE: SWA) is pleased to announce that it has signed a binding Heads of Agreement with Orezone Gold Corporation ("Orezone") for the Company to acquire the Bondi gold deposit ("Bondi"). Bondi is 100% owned by Orezone and is located immediately adjacent to Sarama's South Houndé Project in south-western Burkina Faso. The deposit has Read More

  • Erdene Continues to Intersect Significant Gold Mineralization at Bayan Khundii With 7 Metres of 4.7 g/t Gold Within a 70 Metre Zone of 1.1 g/t Gold

    HALIFAX, NOVA SCOTIA--(Marketwired - May 24, 2016) - Note to editors: There are three maps associated with this press release. Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce additional results from follow-up drilling on the recent high-grade discovery at the Company's 100%-owned Bayan Khundii Gold Project ("Bayan Khundii") in southwest Mongolia. Today's results are for the second batch of drill results (9 holes; 835 Read More

  • Scorpio Gold Reports Results from 2016 Exploration Drilling at the Paris Target Area, Mineral Ridge Project, Nevada

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports results from the 2016 exploration drilling program on the Paris target at its 70% owned Mineral Ridge project, located in Nevada. The Paris target is a previously undrilled area located NNW of the Solberry deposit. It was targeted as one of several possible northwest strike extensions of the Drinkwater Read More

  • Orex Continues to Hit Silver on the Sandra Escobar Project in Durango, Mexico, Including an Intercept of 46 Metres Grading 218 g/t Silver

    VANCOUVER, May 24, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) ("Orex"), is pleased to announce that the Phase-II diamond drilling program continues to intercept silver mineralization on the Sandra Escobar Project in Durango, Mexico. Assays for eight more drill holes are now available. These include holes SA-16-023 to SA-16-030 in the southeastern region of the project. The Sandra Escobar Project is being advanced by Orex under Read More

  • Kinross Gold: Unionized Employees Strike at Tasiast Mine

    TORONTO, ON--(Marketwired - May 24, 2016) - Following a strike notice by Tasiast unions previously announced on May 10, 2016, unionized employees at Kinross Gold's Tasiast mine in Mauritania have today initiated strike action. The Company remains open to re-commencing negotiations on a new collective agreement and to resolve other outstanding items with union representatives. The Company does not expect the strike to affect development of the Tasiast Read More

  • Stria Lithium's Pontax Project Achieves Initial Results of 6.3% Li2O From Spodumene Concentrate With an 85% Overall Recovery After Metallurgical Testing

    OTTAWA, ONTARIO--(Marketwired - May 24, 2016) - Stria Lithium Inc. (TSX VENTURE:SRA) ("Stria" or the "Company") is pleased to report metallurgical test results from bulk samples extracted from its wholly owned Pontax lithium project in Northern Quebec. Stria President and Chief Operating Officer Iain Todd said the testing produced a surprisingly favourable result supporting the Company's decision to continue its investigation and exploration of the Pontax property. 'These Read More

  • Saint Jean Carbon Signs Definitive Agreement on Bell Graphite Mine

    OAKVILLE, ONTARIO--(Marketwired - May 24, 2016) - Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL), a carbon science company engaged in the development of natural graphite properties and related carbon products, is pleased to announce that the Company has signed an arm's length definitive agreement to acquire the Bell hydrothermal lump/vein graphite mine. The property comprises of 13 claims for a total area of 781 Read More

  • Namibia Rare Earths Announces Results from Shareholders Meeting

    HALIFAX, May 24, 2016 /CNW/ - Namibia Rare Earths Inc. ("Namibia Rare Earths" or the "Company") (TSX: NRE) is pleased to announce that the shareholders voted in favour of all items of business before the Annual Meeting of the Shareholders held in Halifax, Nova Scotia today. Shareholders holding 70.27% of the outstanding shares of the Company were present in person or by proxy at the meeting. Election Read More

  • U.S. Silica Acquires Additional Reserves at Ottawa

    FREDERICK, Md., May 24, 2016 /PRNewswire/ -- U.S. Silica Holdings, Inc. (NYSE: SLCA) announced today that it has completed the purchase of a fully permitted, 327-acre parcel of land adjacent to its existing silica sand mine and plant in Ottawa, Illinois. The company plans to use the land for future mining operations and said it will add approximately 30 million tons of proven reserves. U.S. Silica purchased Read More

  • Ucore Separates Scandium at 99%+ Recovery via SuperLig®-One Pilot Plant

    HALIFAX, NOVA SCOTIA--(Marketwired - May 24, 2016) - Ucore Rare Metals, Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is pleased to update on the continuing performance of the SuperLig®-One rare earth element ("REE") separation pilot plant (the "Plant" or "SuperLig®-One"). Pregnant leach solution ("PLS") derived from the Company's Bokan-Dotson Ridge project in Alaska has been treated by the SuperLig®-One Molecular Recognition Technology ("MRT") Plant, at the IBC Advanced Read More

  • Americas Silver Corporation Announces Concurrent Financing

    TORONTO, ONTARIO--(Marketwired - May 24, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Americas Silver Corporation (TSX:USA)(OTCQX:USAPF) (the "Company") is pleased to announce a supplementary, concurrent private placement of subscription receipts (the "Subscription Receipts") to satisfy the residual demand for the original private placement announced on May 20, 2016. The additional proceeds will address a large component of Read More

  • Cliffs Announces Agreements with Minnesota Power

    CLEVELAND, May 24, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that through its subsidiaries it has entered into multiple agreements with Minnesota Power, a utility division of ALLETE Inc. (NYSE: ALE). Cliffs will receive $31 million dollars in cash as part of a long-term purchased power arrangement for its Northshore operation with Minnesota Power through 2031. The agreements, pending potential regulatory approval of Read More

  • Revelo Defines New Copper Target on Its Block 2 Porphyry Copper Project

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Revelo Resources Corp. ("Revelo" or the "Company") (TSX VENTURE:RVL) is pleased to announce that it has defined a new drill target ("Los Morros") with potential for a porphyry copper discovery at its 100% owned Block 2 copper project, located 45 km northwest of the giant La Escondida copper mining district in northern Chile. Revelo recently completed detailed geological and hydrothermal Read More

  • Royal Road Minerals Announces Receipt of Drilling Permissions; La Golondrina Gold Project, Narino Province, Colombia

    Toronto, Ontario--(Newsfile Corp. - May 24, 2016) - Royal Road Minerals Limited (TSXV: RYR) (the "Company"), a gold focused mineral exploration and development company, is pleased to announce that pursuant to the approved work program ("PTO", approved by Colombia's Agencia Nacional de Minería) and environmental license (see Press Release April 27) for the La Golondrina gold mine, exploration drilling is now permitted at the project. An initial scout Read More

  • Lydian Receives Updated Approval for the Amulsar Mining Right

    TORONTO, ONTARIO--(Marketwired - May 24, 2016) - Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") is pleased to announce it has received approval from the Republic of Armenia for amendments requested by the Company to the Mining Right for its 100% owned Amulsar Gold Project. This is a milestone event, re-affirming the Armenian government's support for Lydian to begin development at Amulsar this summer. The duration of the Read More

  • Fancamp Provides an Update on New Acquisitions in the Grenville Province, Quebec

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) - The Company is pleased to announce the staking of a series of claim blocks targeting possible lithium, cesium, tantalum and rare earth element occurrences in pegmatites (LCT pegmatites, after Cerny,1991), 12 km east of the Romaine River and 100 km north of Havre St. Pierre on Quebec's North Shore. These targets are located in the Read More

  • Uracan Announces $1.5 Million Private Placement of Flow through and Non-Flow through Shares

    Vancouver, British Columbia (FSCwire) - Uracan Resources Ltd. (“Uracan” or the “Company”) announces a non-brokered private placement (subject to regulatory approval) of up to 20,000,000 flow through shares at a price of $0.05 per share for gross proceeds of $1,000,000. In addition, up to 10,000,000 non-flow through shares at a price of $0.05 per unit for gross proceeds of up to $500,000. Each non-flow through unit will Read More

  • Golden Share Announces the Strategic Partnership Agreement with Northwest Mining & Exploration Group

    Toronto, Ontario--(Newsfile Corp. - May 24, 2016) - Golden Share Mining Corporation (TSXV: GSH) ("Golden Share" or the "Company") is pleased to announce a Strategic Partnership Agreement (the "Agreement") between Northwest Mining & Exploration Group ("NWME") and Golden Share Mining Corporation. NWME is a Chinese state-owned mining and exploration company focused on gold and non-ferrous metals. Golden Share will act as the exclusive broker in the USA and Read More

  • Mkango Resources Raises GBP 1 m (C$ 1.9 m) in Oversubscribed Placing, Conditional on Admission to AIM

    CALGARY, ALBERTA--(Marketwired - May 24, 2016) - THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is pleased to announce that, further to its announcement dated 18th May 2016 in relation to a proposed placing (the "Placing"), it has received commitments for over £1 million (approximately C$1.9 million) to Read More

  • Gold Standard's Geophysical Program Identifies New Targets With Key Similarities to North Dark Star Oxide Gold Discovery

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV) ("Gold Standard" or the "Company") today reported results from a controlled source audio magneto-telluric (CSAMT) survey recently completed over a significant portion of the Dark Star Corridor (DSC) which hosts the high grade North Dark Star gold discovery and the Dark Star resource on its 100%-owned/controlled Railroad-Pinion Project in Nevada's Carlin Trend. The Read More

  • Laramide Resources Provides Update on Rio Tinto Exploration Farm-in and Joint Venture and its Equity Investment in Khan Resources

    TORONTO, May 24, 2016 /CNW/ - Laramide Resources Ltd. is pleased to confirm that it has received an extension from Rio Tinto Exploration Pty Limited (RTX) to complete certain work programs and satisfy minimum expenditure obligations related to the earn-in periods on the Rio Tinto Murphy Farm-In and Joint Venture tenements in the Northern Territory of Australia ("RTX Murphy tenements"). Further, the Company plans to commence an Read More

  • AsiaBaseMetals Inc. Announces Appointment to the Advisory Board

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - AsiaBaseMetals Inc. (the "Company") (TSX VENTURE:ABZ) is pleased to announce that it has appointed Mr. Henry Park to the Advisory Board of the Company. Mr. Park, the Chief Investment Officer of Foundation Capital, was formerly a partner at Vulcan Mining, a mining private equity investment platform of Soros Fund Management. Prior to Vulcan Mining, Mr. Park held the position of Read More

  • Quaterra Releases Results of Fifth Drill Hole at Bear Copper Deposit, Yerington, Nevada

    VANCOUVER, BC--(Marketwired - May 24, 2016) - Quaterra Resources Inc. (TSX VENTURE: QTA) (OTCQX: QTRRF) ("Quaterra" or the "Company") and its subsidiary Singatse Peak Services LLC ("SPS") today announced results from Hole B-052, the fifth core hole of a drill program to explore and further define the Bear deposit, a large porphyry copper system on the Company's 52-square mile property in the historic Yerington Copper District of Nevada. Read More

  • NAMPALA: Successful Start of the New (Zadra Type) Elution System

    QUEBEC CITY, QUEBEC--(Marketwired - May 24, 2016) - The Nampala mine (Robex Resources Inc. ("Robex" and / or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that they recently completed with success the installation of the new Zadra type elution system. The commissioning has been carried out under the supervision of Soutex, an ore processing consulting firm. The system is already operational although some annexes will be integrated in Read More

  • Altair Adds Dr. Ato Taheri to Advisory Board

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - ALTAIR GOLD INC. ("Altair" or the "Company") (TSX VENTURE:AVX)(FRANKFURT:90A)(ISIN: CA0213702008; WKN: WKN A14WVP) Mr. John Huguet, Chairman of the Board, is pleased to announce the addition of Dr. Abo Taheri, PhD, Industrial Management, to our Advisory Board. Dr. Taheri is currently Managing Partner of Denna Homes, a company formed in 2005 which at present is developing the billion dollar Selynn Read More

  • Fission 3.0 Survey to Target Area with High-Grade Outcrops at Beaver River

    KELOWNA, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Fission 3.0 Corp. (TSX VENTURE:FUU) ("Fission 3") is pleased to announce that, due to a number of prospective areas identified, it will be conducting an airborne Versatile Time Domain Electromagnetic (VTEM) survey at its 100%-owned Beaver River project, located in the north-central edge of the Athabasca Basin in Saskatchewan. The property is host to numerous electro-magnetic (EM) basement conductors and Read More

  • Diamcor Provides Update on Krone-Endora at Venetia Project Progress

    KELOWNA, BC, May 24, 2016 /CNW/ - Diamcor Mining Inc. (TSX-V.DMI / OTCQX-DMIFF), (the "Company") is pleased to announce that the advancement of the Krone-Endora at Venetia project is progressing as planned with the completion of the first two, of four additional boreholes associated with the recently granted long-term Water Use License for the Company's Krone-Endora at Venetia Project (the "Project"). The Company expects to finalize the two Read More

  • Nevada Energy Metals Announces Approval for Listing in Mergent Manual and News Reports(tm)

    May 24, 2016 / TheNewswre / Vancouver, British Columbia- Nevada Energy Metals Inc. "the Company" TSX-V: BFF (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that the Company has been approved by Mergent's Editorial Board and will remain "Blue-Skyed" with a new listing in Mergent Manuals and News Reports(TM). Nevada Energy Metals' corporate profile, which includes descriptive text, data, news and financial statements, will be accessible through Mergent's Read More

  • Orezone Sells Bondi Gold Project to Sarama

    OTTAWA, ONTARIO--(Marketwired - May 24, 2016) - Orezone Gold Corporation (TSX VENTURE:ORE) is pleased to announce it has agreed to sell its Bondi Gold Project (Djarkadougou exploration permit) to Sarama Resources (TSX VENTURE:SWA) in an all share deal that will allow Sarama to further consolidate and explore the prolific Houndé Belt in Burkina Faso, West Africa. Orezone and Sarama consider Bondi to be a strategic permit within the Read More

  • Dusolo Completes $3.5M Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES DuSolo Fertilizers Inc., (TSX VENTURE:DSF) ("DuSolo" or "the Company") is pleased to announce that it has closed the second and final tranche of its non-brokered private placement ("the Private Placement") announced on April 19, 2016, bringing the gross proceeds of the Private Placement to the Read More

  • Hunt Mining Engages Mr. Donald Birak for NI 43-101 Technical Report on Martha Mine Project

    LIBERTY LAKE, WASHINGTON--(Marketwired - May 24, 2016) - Hunt Mining Corp. ("Hunt" or the "Company") (TSX VENTURE:HMX) is pleased to provide an update regarding the ongoing activities in Argentina and announces that Mr. Donald Birak has been engaged as the Qualified Person ("QP") to prepare the National Instrument 43-101 Technical Report for the Martha Mine Project ("Martha Mine"). Mr. Birak is a Registered Member of the Society for Read More

  • Canadian Zinc announces new nominees to Board of Directors

    VANCOUVER, May 24, 2016 /CNW/ - Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) ("the Company" or "Canadian Zinc") is pleased to announce four new nominees for election as directors at its forthcoming Annual Meeting to be held on June 21, 2016. The new nominees for election to the Board are: Jean-Charles Potvin, Malcolm Swallow, Ian Ward and John Warwick. "We are very pleased that these highly regarded Read More

  • Aureus Mining: New Liberty Operations Update

    TORONTO, May 24, 2016 /CNW/ - Aureus Mining Inc. ("Aureus" or the "Company"), the TSX and AIM listed West African gold producer, reports that, following the announcement of 10 May 2016 outlining the temporary suspension of processing operations, the Company has made good progress towards its objective of achieving a controlled start-up of the gold processing plant. The Company highlights the following: The Company is working towards Read More

  • NV Gold Share Consolidation Effective May 25, 2016

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - NV Gold Corporation (TSX VENTURE:NVX) (the "Company") announced today that the consolidation of its common shares on a 1(new)-for-5(old) basis will be effective before market open on May 25, 2016. Accordingly, on May 25, 2016, the common shares of the Company will begin trading on post-consolidation basis and the Company will have approximately 10,141,259 common shares issued and outstanding (subject Read More

  • Nevada Zinc Commences Drilling at Lone Mountain

    Toronto, Ontario--(Newsfile Corp. - May 24, 2016) - Nevada Zinc Corporation (TSXV: NZN) ("Nevada Zinc" or the "Company") is pleased to announce that it has commenced 2016 drilling operations on its Lone Mountain Project near Eureka, Nevada. This will be the Company's first drill program on its most recent property acquisition in the area, the historic zinc mine known as the Mountain View Mine. President and CEO, Bruce Read More

  • Golden Dawn has Filed a Preliminary Economic Assessment (PEA) Technical Report for the Greenwood Gold Project Mines and Milling Complex

    Vancouver, British Columbia--(Newsfile Corp. - May 24, 2016) - Golden Dawn Minerals Inc., (TSXV: GOM) (FSE: 3G8A) (the "Company" or "Golden Dawn") announces that on May 20th, 2016, a Preliminary Economic Assessment ("PEA") Technical Report was filed on SEDAR for its Greenwood Gold Project in south-central British Columbia, Canada. The economic data in this report was previously disclosed in the Company's news release dated April 7, 2016. The Read More

  • Intact Gold closes $200,000 non-brokered Flow Through private placement

    VANCOUVER, May 24, 2016 /CNW/ - Intact Gold Corp. (TSX-V: ITG) (FSE: 1A5) (the "Company" or "Intact Gold"), is pleased to announce that the company has closed its previously announced non-brokered Flow Through private placement (news release dated May 20, 2016). The private placement consisted of the issuance of 1.25 million units at a price of 16 cents per unit for gross proceeds of $200,000. Each unit Read More

  • Carpathian Gold Adopts Advance Notice Policy

    TORONTO, ONTARIO--(Marketwired - May 24, 2016) - Carpathian Gold Inc. ("Carpathian" or the "Company") (CSE:CPN) announces that its Board of Directors has approved an amendment to the Company's by-laws to include an advance notice policy (the "Policy"), which Policy includes a provision that requires advance notice to the Company in circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Read More

  • American Creek Resources Issues Incentive Options

    CARDSTON, ALBERTA--(Marketwired - May 24, 2016) - American Creek Resources Ltd. ("the Corporation") (TSX VENTURE:AMK) reports that it has issued incentive options under the Corporation's incentive stock option plan. The Corporation issued a total of 2,870,000 incentive options at a price of $0.075 to certain Directors, Officers, and contractors of the Corporation. The options will expire on May 19, 2026. The incentive options are subject to a statutory Read More

  • Redhawk Clarifies Technical Disclosure

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Redhawk Resources, Inc. ("Redhawk" or the "Company") (TSX:RDK)(FRANKFURT:QF7) announces that the Company is issuing the following news release to clarify its disclosure. Non-Compliant Disclosure of Mineral Resources In the Company's corporate presentation entitled, "Large Copper System, Copper Creek Arizona" (the "Corporate Presentation"), which is available on its website, the Company had provided a resource estimate, expressed as contained metal quantities, Read More

  • Mandalay Resources Corporation Announces Appointment of Director

    TORONTO, May 24, 2016 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX:MND) is pleased to announce the appointment of Amy Freedman, as independent director, to its Board of Directors (the “Board”) effective immediately. Ms. Freedman will also serve on Mandalay’s Audit Committee, where she will replace Peter R. Jones, who was serving on an interim basis. Mr. Jones will remain on the Board. Brad Read More

  • Aureus Mining Inc. - Notice of Annual General Meeting of Shareholders and Posting of Annual Accounts

    TORONTO, May 24, 2016 /CNW/ - Aureus Mining Inc. ("Aureus" or the "Company") is pleased to announce that the annual general meeting of shareholders of the Company will be held at Burleigh House, 355-359 Strand, London, WC2R 0HS, United Kingdom, on Thursday, 23 June 2016 at 10:00 a.m. (British Summer Time) and has today filed its notice of meeting, information circular and other annual general meeting materials Read More

  • Coro Announces Private Placement and Amendment to Conversion Terms of Outstanding Convertible Debentures

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - Coro Mining Corp. ("Coro" or the "Company") (TSX:COP) is pleased to announce a private placement financing of up to 100,000,000 common shares at a price of $0.10 to raise gross proceeds of up to $10,000,000 (the "Private Placement"). The Company also announces it has entered into a binding term sheet (the "Term Sheet") with its major shareholder, Greenstone Resources L.P. Read More

  • Darnley Bay Options Zinc-Lead-Silver Deposit in Yukon

    TORONTO, ONTARIO--(Marketwired - May 24, 2016) - Darnley Bay Resources Ltd. (TSX VENTURE:DBL) ("Darnley Bay" or the "Company") is pleased to announce it has entered into an option agreement to acquire a 100% interest, subject to a 2% net smelter return royalty, in the Clear Lake zinc-lead-silver deposit in the Yukon Territory from Bernie Kreft, the optionor. The Clear Lake project, consisting of 121 contiguous claims covering approximately Read More

  • Athabasca Minerals Inc. - 2016 Shareholders' Meeting

    EDMONTON, ALBERTA--(Marketwired - May 24, 2016) - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) announced the mailing of its management's information circular today for the annual and special meeting of the shareholders scheduled to be held on June 17, 2016 (the "Meeting"). At the Meeting shareholders of the Corporation will be asked to consider various items of business including the election of directors. The Corporation is Read More

  • DIOS Exploration Closes $1,150,450 Private Placements

    MONTRÉAL, QUEBEC--(Marketwired - May 24, 2016) - DIOS EXPLORATION INC. (TSX VENTURE:DOS) (the "Corporation") reports the closing of non-brokered private placements totalling $1,150,450: a non-flow-through private placement consisting of 3,738,334 units for gross proceeds of $448,600; and a flow-through private placement consisting of 4,679,000 units for gross proceeds of $701,850. Each non-flow-through unit, priced at $0.12 each, comprises one common share and one common share purchase warrant. Each Read More

  • Sama Resources Closes First Tranche of Equity Financing

    MONTREAL, QUEBEC--(Marketwired - May 24, 2016) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sama Resources Inc./Ressources Sama Inc. (TSX VENTURE:SME) ("Sama" or the "Company") is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the "Private Placement") by issuing 2,650,500 units (the "Units) at a price of Read More

  • Teck Announces Proposed Private Placement of Notes

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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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