ALL NEWS RELEASES

  • Early Warning-Gossan CEO Shareholdings Exceed 14% of Shares Outstanding

    WINNIPEG, MANITOBA--(Marketwired - Feb. 12, 2016) - Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT:GSR)(FREIVERKEHR:GSR)(XETRA:GSR) has been advised by its CEO, Douglas Reeson, that he purchased a material number of shares on February 10th, and now holds 4,667,000 common shares or 14.1% of the shares issued and outstanding. Mr. Reeson purchased these shares for investment purposes and has no present intention to acquire ownership of, or control over, additional securities of Read More

  • Rubicon Minerals et CPPIB poursuivent de manière constructive leurs discussions sur l'accord de financement

    TORONTO, ONTARIO--(Marketwired - Feb 12, 2016) - Rubicon Minerals Corporation (TSX : RMX)(OTC PINK : RBYCF) (« Rubicon » ou la « Société ») fournit une mise à jour concernant son accord de garantie de financement de 50 million USD (« Accord de financement ») avec CPPIB Credit Investments Inc. (« CPPIB »), une filiale en propriété exclusive de l'Office d'investissement du régime de pensions du Canada. Comme de coutume avec ce type d'emprunts, les conditions de l'Accord Read More

  • Rubicon Minerals and CPPIB Constructively Advance Discussions on Its Loan Agreement

    TORONTO, ONTARIO--(Marketwired - Feb. 12, 2016) - Rubicon Minerals Corporation (TSX:RMX)(OTC PINK:RBYCF) ("Rubicon" or the "Company") provides an update on its US$50 million secured loan agreement ("Loan Agreement") with CPPIB Credit Investments Inc. ("CPPIB"), a wholly-owned subsidiary of Canada Pension Plan Investment Board. As is customary in borrowings of this nature, the terms of the Loan Agreement contained multiple covenants relating to Rubicon and the Phoenix Gold Project Read More

  • Osisko Closes $50 Million Financing With Investissement Quebec

    MONTRÉAL, QUÉBEC--(Marketwired - Feb. 12, 2016) - Osisko Gold Royalties Ltd (the "Company" or "Osisko") (TSX:OR) is pleased to announce that it has closed its previously announced $50 million financing with Ressources Québec, a wholly-owned subsidiary of Investissement Québec. Under the terms of the financing, Ressources Québec subscribed to a $50 million convertible debenture which will mature in five years and will bear interest at an annual rate Read More

  • Mines Management Inc. Receives Final Record of Decision for the Montanore Silver-Copper Project

    SPOKANE, Wash., Feb. 12, 2016 (GLOBE NEWSWIRE) -- MINES MANAGEMENT, INC. (NYSE-MKT: "MGN", TSX: "MGT") (the "Company") is pleased to report that Records of Decision (ROD) approving development of the Montanore Mine Project were issued by the U.S. Forest Service (USFS) and the Montana Department of Environmental Quality (MDEQ). The agencies' decisions approve the project defined in the preferred alternative as outlined in the Joint Final Environmental Read More

  • Alderon Announces Resignation of COO

    VANCOUVER, BC--(Marketwired - February 12, 2016) - Alderon Iron Ore Corp. (TSX: ADV) ("Alderon" or the "Company") announces the resignation of Mr. Brian Penney as Chief Operating Officer ("COO") of the Company in order to pursue another opportunity. Mr. Penney has served as the Company's COO from April 2013 and previously served as COO in 2011. The Board thanks Mr. Penney for his contributions during his tenure as Read More

  • Sierra Metals Announces Favourable Federal Court Ruling on Litigation Pertaining to its Bolivar Property in Mexico

    TORONTO, Feb. 12, 2016 /CNW/ - Sierra Metals Inc. (TSX: SMT) (BVL: SMT) ("Sierra Metals" or "the Company") is pleased to report a positive outcome in the legal dispute between Polo & Ron Minerals ("P&R") and Dia Bras Exploration Inc., (the Company's previous name) and Dia Bras Mexicana a subsidiary of Sierra Metals, that holds its Bolivar and Cusi properties in Mexico. The Second Federal Collegiate Court Read More

  • Taseko Seeks Damages From Government of Canada - Files Civil Suit in BC Supreme Court

    VANCOUVER, Feb. 12, 2016 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) ("Taseko" or the "Company") announced today that it has filed a civil claim in the BC Supreme Court against the Canadian federal government. The claim seeks damages in relation to the February 25, 2014 decision concerning the New Prosperity Project, a multi-billion dollar gold-copper deposit in the Cariboo region of British Columbia, Canada. Read More

  • Roxgold Inc. Announces $20 Million Bought Deal Financing

    TORONTO, ONTARIO--(Marketwired - Feb. 12, 2016) - Roxgold Inc. (the "Company" or "Roxgold ") (TSX VENTURE:ROG) is pleased to announce that it has entered into an agreement with a syndicate of underwriters pursuant to which they have agreed to purchase, on a bought deal basis, 25,000,000 common shares (the "Shares") at a price of $0.80 per share for gross proceeds to the Company of $20 million (the "Offering"). The Read More

  • Lucara 2015 Fourth Quarter Report to Be Released February 23, 2016

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 12, 2016) - Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") is pleased to announce that it will be publishing its 2015 Fourth Quarter results on Tuesday, February 23, 2016 after the market close in North America. The Company will host a conference call to discuss the results on Wednesday, February 24, at 6:00 a.m. Pacific, 9:00 a.m. Eastern, 3:00 p.m. Read More

  • New Pacific Reports Financial Results for the Three and Six Months Ended December 31, 2015-Appoints Corporate Secretary

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 12, 2016) - New Pacific Metals Corp. (TSX:NUX) ("New Pacific" or the "Company") today announced its unaudited condensed consolidated interim financial results for the three and six months ended December 31, 2015. This earnings release should be read in conjunction with the Company's Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for the corresponding period, which have been posted on Read More

  • Newmarket Gold Announces Intent to Redeem Outstanding Convertible Debentures

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 12, 2016) - Newmarket Gold Inc. ("Newmarket Gold" or the "Company") (TSX:NMI)(OTCQX:NMKTF) today announced that on March 30, 2016 (the "Redemption Date") it intends to redeem in full all of its then outstanding convertible unsecured debentures due April 30, 2018 (the "Debentures") in accordance with the provisions of the indenture dated as of April 5, 2013, as supplemented and amended by the first Read More

  • Perseus Mining Limited Earns A$12.0 Million Profit for Half Year to December 31, 2015

    PERTH, WESTERN AUSTRALIA--(Marketwired - Feb. 12, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Perseus Mining Limited ("Perseus" or the "Company") (TSX:PRU) (ASX:PRU) is pleased to announce a profit after tax ("PAT") of A$12.0 million, or 2.3 cents per share, for the Half Year to December 31, 2015 ("HY2015"). Highlights of HY2015 results include: 5% increase in revenue FX Read More

  • Uranium Resources’ Stockholders Approve Reverse Stock Split; Company Announces 2016 Goals

    CENTENNIAL, Colo.--(BUSINESS WIRE)--Uranium Resources, Inc. (NASDAQ:URRE; ASX: URI), a leading exploration, development, and uranium production company, announced today that its stockholders have approved the charter amendment that will permit the company to conduct a reverse stock split of its issued and outstanding common stock. Of the outstanding shares entitled to vote at a special meeting of stockholders held on February 11, 2016, 93.2% were “FOR” the Read More

  • Energy Fuels Reports Production Updates for Nichols Ranch ISR Project and Positive Drill Results in Current and Near-Term Uranium Production Areas

    LAKEWOOD, CO, Feb. 12, 2016 /CNW/ - Energy Fuels Inc. (NYSE MKT:UUUU; TSX:EFR) ("Energy Fuels" or the "Company"), one of the largest producers of uranium in the United States, is pleased to announce that the Company has achieved several key licensing, development, and production milestones at its Nichols Ranch in situ recovery ("ISR") Project in Wyoming. The Company is pleased to announce that it has completed the Read More

  • Gold Standard Closes C$13.8 Million Strategic Investment With OceanaGold Corporation

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 12, 2016) - Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV) ("Gold Standard" or the "Company") is pleased to report that it has closed its previously announced private placement financing (the "Financing") with a wholly owned subsidiary of OceanaGold Corporation (TSX:OGC)(ASX:OGC)(NZX:OGC) ("OceanaGold") for 13,831,931 common shares of Gold Standard (the "Purchased Shares") at a price of C$1.00 per share for gross proceeds of C$13,831,931. Read More

  • Sandspring Resources Announces Share Purchases by Frank Giustra

    DENVER, COLORADO and VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 12, 2016) - Sandspring Resources Ltd. (TSX VENTURE:SSP) (OTCQX:SSPXF) ("Sandspring" or the "Company") has been advised that Fiore Financial Corporation, a company owned and controlled by Mr. Frank Giustra, acquired 2,615,000 common shares from the exercise of share purchase warrants at an exercise price of $0.15 per common share, and Mr. Giustra has acquired 2,000,000 common shares of Sandspring in Read More

  • Crown Mining Completes $120,000 Non-brokered Private Placement

    Toronto, Ontario--(Newsfile Corp. - February 12, 2016) - Crown Mining Corp., (TSXV: CWM) ("Crown" or the "Company") is pleased to announce that it has completed a non-brokered private placement previously announced on February 1, 2016 (the "Private Placement") for aggregate gross proceeds of $120,000. The Private Placement involved the issuance of 2,000,000 units ("Units") at a price of $0.06 per Unit for gross proceeds of $120,000. Each Unit Read More

  • Goldgroup Issuance of Common Shares to Satisfy US$200,000 Owing to Oroco Resource Corp.

    VANCOUVER, Feb. 12, 2016 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has issued 4,691,000 common shares (the "Shares") at a deemed price of $0.06 per Share to satisfy debt owing to Oroco Resource Corp. ("Oroco") in the amount of US$200,000 (being the equivalent of Cdn$281,460 calculated using the Bank of Canada Noon Exchange Rate on January 28, 2016 of Read More

  • West Red Lake Gold Mines Closes $180,000 Financing

    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 completed a non brokered private placement of common share units for aggregated gross proceeds of $180,000. The Company issued 3,600,000 common share units (the “Common Share Units”) at a price of $0.05 per Common Share Unit for aggregated gross proceeds Read More

  • NewCastle's Gold Project NOT Included in New Castle Mountain Monument

    TORONTO, ONTARIO--(Marketwired - Feb. 12, 2016) - NewCastle Gold Ltd. (TSX VENTURE:NCA) (the "Company" or "we") reports that the President of the United States, Barack Obama, today proclaimed a new Castle Mountains National Monument (the "Monument"). We are pleased to report that the Company's claim holdings, private land held by the Company and certain adjacent BLM lands are not included in the Monument. Moreover, the proclamation states that Read More

  • Skeena Identifies Five High Priority Prospects on Northern Portion of GJ Property

    VANCOUVER, BC--(Marketwired - February 12, 2016) - Skeena Resources Limited (TSX VENTURE: SKE) ("Skeena" or the "Company") has compiled historic work on high-grade gold-silver and bulk tonnage copper-gold exploration targets on its GJ property, acquired in October 2015. The GJ property totals 38,374 hectares and is adjacent to British Columbia Provincial Highway 37 and the new Iskut Extension powerline and Tatogga substation, which feed the nearby Red Chris Read More

  • First Mining to Acquire Clifton Star Resources Inc.

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 12, 2016) - First Mining Finance Corp. ("First Mining") (TSX VENTURE:FF)(OTCQB:FFMGF) and Clifton Star Resources Inc. ("Clifton Star") (TSX VENTURE:CFO) are pleased to announce that the companies have entered into a definitive arrangement agreement (the "Agreement") pursuant to which First Mining has agreed to acquire all of the issued and outstanding common shares of Clifton Star in exchange for one common share of Read More

  • GoGold Announces Financial Results for the Quarter ended December 31, 2015

    HALIFAX, Feb. 12, 2016 /CNW/ - GoGold Resources Inc. (TSX: GGD) ("GoGold", "the Company") is pleased to announce the release of financial results for the quarter ending December 31, 2015. The Company recorded revenue of $3 million from the sale of 219,292 silver equivalent ounces at a cash cost of $6.54 per silver equivalent ounce. Financial highlights for the quarter ending December 31, 2015: Revenue of $3.0 Read More

  • Maritime Closes a Portion of Financing

    Vancouver, British Columbia--(Newsfile Corp. - February 12, 2016) - Maritime Resources Corp. (TSXV: MAE) reports that a portion of the non-brokered private placement announced on November 5, 2015 has closed for gross proceeds of $195,000. The Company has issued 1,300,000 Equity Units at $0.14 per Equity Unit and 1,300,000 Royalty Units at $0.01 per Royalty Unit. Each Equity Unit consists of one common share and one half of Read More

  • Avala Announces Proposed Acquisition by Dundee Precious Metals of Minority Equity Interest

    LONGUEUIL, QUÉBEC--(Marketwired - Feb. 12, 2016) - Avala Resources Ltd. ("Avala" or the "Company") (TSX VENTURE:AVZ) wishes to announce that, on February 11, 2016, it has entered into a definitive arrangement agreement (the "Agreement") with Dundee Precious Metals Inc. ("DPM") (TSX:DPM) the controlling shareholder of Avala, whereby DPM will acquire all of the issued and outstanding common shares of Avala that it does not already own by way Read More

  • First Quantum to Release Fourth Quarter and Year 2015 Financial and Operating Results on February 18, 2016

    TORONTO, ONTARIO--(Marketwired - Feb. 12, 2016) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) will publish its fourth quarter and year 2015 financial and operating results on Thursday February 18, 2016 following the close of the TSX. The Company's President, Clive Newall, will host a conference call and webcast to discuss the results on Friday February 19, 2016. Conference call and webcast details are as Read More

  • Abitibi Royalties Update on Royalties at Canadian Malartic

    VAL-D'OR, QUÉBEC--(Marketwired - Feb. 12, 2016) - Abitibi Royalties Inc. (TSX VENTURE:RZZ) ("Abitibi Royalties" or the "Company") is pleased to provide an update on the Company's net smelter royalties ("NSR") at the Canadian Malartic Mine near Val-d'Or, Québec. The information contained in this news release is based, without any independent verification, on disclosure made by Agnico Eagle Mines Limited ("Agnico Eagle") in its fourth quarter news release (February Read More

  • Magellan Partially Closes Debt Settlement Agreement With Management

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 12, 2016) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce that following receipt of final approval from the TSX Venture Exchange, the Company has closed part of the debt settlement agreement with its management group which was previously announced on December 3, 2015 relating to the issuance of units in exchange for a significant portion of the debts owed to Read More

  • Stakeholder Gold Corp. Announces Financing

    Toronto, Ontario--(Newsfile Corp. - February 12, 2016) - Stakeholder Gold Corp. (TSXV: SRC) ("Stakeholder" or the "Company") announces a financing of up to 7.5M shares to raise proceeds of up to $750,000. The financing is comprised of shares without warrants, with shares priced at $0.10 (10 cents per share) and is eligible for hard dollar as well as flow-through investors. Funds will be applied to exploration initiatives on Read More

  • Great Panther reports on the assessment of explosives theft by the regulatory authority

    VANCOUVER, Feb. 12, 2016 /CNW/ - GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) ("Great Panther"; the "Company") announces that the Mexican regulatory authority responsible for permitting and regulating the use of explosives, has concluded its inspection regarding the previously announced theft of explosives from one of the mines at the Guanajuato Mine Complex ("GMC"). The Company was assessed a fine, which has been paid and Read More

  • Algold Announces Extension of Option on Gryphon Minerals' Mauritanian Exploration Licences

    Montreal, Canada / TheNewswire / February 12, 2016 - ALGOLD RESOURCES LTD. (ALG: TSXV - "Algold" or the "Corporation" www.algold.com) is pleased to announce that Gryphon Minerals Limited (ASX:GRY) ("Gryphon") has agreed to an extension of the option granted to Algold in October 2015 (the "Option"). Under the Option, Algold's wholly-owned subsidiary, Kanosak Barbados Inc., may acquire Gryphon's Mauritanian Tijirit and Akjoujt exploration licences (permit numbers EL447, EL1117 and EL448), Read More

  • Sentient Group Converts Debt To Golden Minerals Shares

    GOLDEN, Colo., Feb. 12, 2016 /CNW/ -- Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) ("Golden Minerals" or "the Company") is pleased to announce that The Sentient Group has elected to convert a portion of the principal plus interest due under the terms of a convertible loan into common shares, effective February 11, 2016. As previously announced, Golden Minerals received $5.0 million in a secured, one-year convertible Read More

  • Khan Files First Quarter 2016 Financial Results

    TORONTO, ONTARIO--(Marketwired - Feb. 12, 2016) - Khan Resources Inc. (CSE:KRI) ("Khan" or "the Company") announced today that it has filed its financial statements and management's discussion and analysis for the three months ended December 31, 2015 on SEDAR and has posted these documents to its website www.khanresources.com. Highlights International arbitration award - On March 2, 2015 the international arbitration tribunal rendered an award to Khan as compensation for Read More

  • Americas Silver Corporation Announces Closing of U.S. $2.9 Million Credit Facility

    TORONTO, ONTARIO--(Marketwired - Feb. 12, 2016) - Americas Silver Corporation (TSX:USA)(OTCQX:USAPF) ("Americas Silver" or the "Company") is pleased to announce that it has closed the previously announced (February 4, 2016) subordinated credit facility with its two existing lenders and equity holders for a principal amount of U.S. $2.9 million (the "New Credit Facility"). The New Credit Facility has a 12 month term with interest to accrue from closing Read More

  • Osisko Announces Filing of Preliminary Short Form Prospectus in Connection With Bought Deal Financing

    MONTRÉAL, QUÉBEC--(Marketwired - Feb. 11, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES Osisko Gold Royalties Ltd (TSX:OR) ("Osisko" or the "Corporation") announces that it has filed a preliminary short form prospectus in each of the provinces of Canada and obtained a receipt from the Autorité des marchés financiers to qualify the distribution of 9,940,000 units of Osisko ("Units"), Read More

  • Newmont Declares Quarterly Dividend of $0.025 Per Share

    DENVER--(BUSINESS WIRE)--Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced its Board of Directors declared a quarterly dividend of $0.025 per share of common stock, payable on March 24, 2016, to holders of record at the close of business on March 10, 2016. Newmont's gold price-linked dividend policy includes a quarterly dividend payable based on the average LBMA P.M. Gold Price for the preceding quarter Read More

  • Franco-Nevada Announces Increase to Previously Announced Bought Deal Financing to US$800 Million

    TORONTO, ONTARIO--(Marketwired - Feb. 11, 2016) - Franco-Nevada Corporation ("Franco-Nevada" or the "Company") (TSX:FNV)(NYSE:FNV) is pleased to announce today that, due to strong demand, the Company has increased the size of its previously announced public offering to 16,720,000 common shares (the "Common Shares"), at a price of US$47.85 per common share (the "Offering Price"), for aggregate gross proceeds to Franco-Nevada of approximately US$800 million (the "Offering"). The Offering Read More

  • First Majestic Secures $60 Million Credit Facility

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2016) - (All dollar amounts are in US dollars unless stated otherwise) FIRST MAJESTIC SILVER CORP. (NYSE:AG)(TSX:FR)(FRANKFURT:FMV)(BVM:AG) (the "Company" or "First Majestic") is pleased to announce that it has entered into an agreement with The Bank of Nova Scotia and Investec Bank PLC for a Senior Secured Credit Facility (the "Facility") consisting of a $25 million revolving credit line and a $35 Read More

  • Richmont Announces 2016 Operational Outlook

    TORONTO, Feb. 11, 2016 /CNW/ - Richmont Mines Inc. (TSX - NYSE MKT: RIC) ("Richmont" or the "Corporation"), announces 2016 estimates that include a potential increase in production of up to 22% from the cornerstone Island Gold mine that is expected to drive a decrease in All-in Sustaining Costs ("AISC"). (All amounts are in Canadian dollars unless otherwise indicated). 2016 Consolidated Operational Estimates In 2016, company-wide production includes Read More

  • Rio Tinto delivers underlying earnings of $4.5 billion and maintains 2015 full year dividend at 215 US cents per share

    Rio Tinto chief executive Sam Walsh said “Against a highly challenging environment, Rio Tinto delivered a strong performance in 2015 with underlying earnings of $4.5 billion. We continued to take decisive action to preserve cash through further cost reductions, lower capital expenditure and the release of working capital. This focus on cash resulted in operating cash flows of $9.4 billion. “At the same time, we have Read More

  • Boliden’s Profits: Strong Performance for 2015 Despite Significant Impact from Falling Q4 Metal Prices

    Boliden’s (STO:BOL) (TSX:BLS) fourth quarter revenues totalled SEK 9,699 m (9,614) and the operating profit, excluding revaluation of process inventory, was SEK 596 m (1,134). Revenues for the year as a whole totalled SEK 40,242 m (36,891) while the operating profit, excluding revaluation of process inventory, was SEK 4,010 m (2,605). “Boliden has posted a strong result for 2015 in the face of difficult market conditions, Read More

  • Red Pine Initiates Program to Update Inferred Resource and Sample 42,000 Metres of Historic Core at Its Wawa Gold Project

    TORONTO, ONTARIO--(Marketwired - Feb. 11, 2016) - Red Pine Exploration Inc. (TSX VENTURE:RPX) (the "Company" or "Red Pine") will mobilize this week to begin the process of logging/sampling over 42,000 metres (m) of historic core. The historic core library available on-site will be a key element to define additional gold resources in the Wawa Gold Corridor and will save the Company an estimated 4.2 million dollars of drilling Read More

  • Calibre and Centerra Gold Drill 71.05 Metres Grading 2.89 g/t Au at Cerro Aeropuerto and Define a New Mineralized Trend, La Luz Gold Project, Siuna, Nicaragua

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2016) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to provide an update as the Company and Centerra Gold Inc. ("Centerra") continue to advance the La Luz Project, Borosi Concessions, Northeast Nicaragua. Centerra can earn a 70% Interest in the La Luz Project by investing $7.0 million in exploration on the property before December 31, 2019. Highlights The Read More

  • Atlantic Gold Announces Signing of Crown Lease Agreement With the Province of Nova Scotia

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2016) - Atlantic Gold Corporation (TSX VENTURE:AGB) ("Atlantic" or the "Company") is pleased to announce that the Company has entered into an agreement (the "Agreement") with the Province of Nova Scotia (the "Province") in respect of the leasing of certain parcels of land owned by the Province, situated within the footprint of the Company's Moose River Consolidated Project ("MRC Project") for a Read More

  • BonTerra Commences Accelerated Drill Program with 2nd Rig Added at Gladiator Gold Project in Quebec, Canada

    Vancouver, BC / TheNewswire / February 11, 2016: BonTerra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or "BonTerra") is pleased to announce that a 2nd drill rig has been mobilized ahead of schedule to its 100% owned Gladiator Gold Project located north of Val d'Or, Quebec. A second drill was mobilized ahead of schedule and is now underway on the Gladiator Deposit as part of Read More

  • Nevada Copper Forms Strategic Alliance With NV Energy on Solar Development Opportunity

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2016) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or the "Company") is pleased to announce that it has entered into an agreement (the "Agreement") with NV Energy to conduct a study of the potential to develop a solar energy generation project on Nevada Copper's privately-owned land ("Solar Study"). This land is adjacent to the Company's proposed Pumpkin Hollow copper development project. Additional Read More

  • Kaizen Discovery Receives C$1.0 Million From Majority Shareholder HPX TechCo as a Partial Drawdown of Loan Facility

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2016) - Kaizen Discovery Inc. (TSX VENTURE:KZD) announced today that it has received C$1.0 million from its majority shareholder, HPX TechCo Inc., as a partial drawdown of a C$5.0 million unsecured, revolving loan facility from HPX. The C$5.0 million loan facility was established in 2013 as part of the reverse take-over transaction with HPX. On December 22, 2015, Kaizen announced that it Read More

  • True Gold Announces Stacking of Ore on Leach Pads at Karma

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2016) - True Gold Mining Inc. (TSX VENTURE:TGM) ("True Gold" or the "Company") (all dollar figures in US dollars) is pleased to provide an update for the Karma Gold Mine, including the stacking of ore on the leach pad. "With construction nearing completion and commissioning underway, our team is now focusing on ramping up to commercial production," stated Christian Milau, President & Read More

  • Galway Gold Comments on Press Release Issued by Colombia's Constitutional Court

    TORONTO, ONTARIO--(Marketwired - Feb. 11, 2016) - Galway Gold Inc. (TSX VENTURE:GLW) ("Galway Gold" or the "Company") announces that on February 8, 2016, the Colombian Constitutional Court issued a press release (http://www.corteconstitucional.gov.co/) stating that certain provisions of the National Development Plan (Law 1753), issued in July, 2015, are unconstitutional. The National Development Plan defines, among other things, the existence of areas that may be excluded from mining activities, Read More

  • Nevsun Outlook Provides 2016 Production and Cost Guidance

    VANCOUVER, Feb. 11, 2016 /CNW/ - Nevsun Resources Ltd. (TSX: NSU / NYSE MKT: NSU) today announces its 2016 outlook guidance which includes revenues from copper, zinc and monetization of precious metal stockpiles from the Bisha Mine in Eritrea. The Bisha Mine, operated by Nevsun's 60 percent owned subsidiary Bisha Mining Share Company (BMSC or Bisha), remains an exceptional base metal mine with a track record of resource Read More

  • Rockex Mining Signs Letter of Intent to Fund the Development of Its Lake St. Joseph Iron Project

    THUNDER BAY, ONTARIO--(Marketwired - Feb. 11, 2016) - Rockex Mining Corporation ("Rockex" or the "Corporation") (CSE:RXM) is pleased to announce that it has signed a non-binding Letter of Intent with Diversified Innovative Marketing Enterprises Ltd. ("DIME") to fund the completion of a Feasibility Study and Environmental Assessment and subsequent development and production at its Lake St. Joseph Project, located 100 kilometres northeast of Sioux Lookout, Ontario. This financing Read More

  • Metals Creek Resources Corp. Continues to Expand the Thomas Ogden Zone: Drills 11.45 g/t Gold Over 1.53 m and 1.47 g/t Gold Over 17.83 m

    TORONTO, ONTARIO--(Marketwired - Feb. 11, 2016) - Metals Creek Resources Corp. (TSX VENTURE:MEK) (the "Company") is pleased to report assay results for the remaining two holes from the three diamond drill holes that were completed before the Christmas break (see news release by the Company, December 8, 2015) on the Thomas Ogden Zone located on the Ogden Property in the Timmins Gold Camp, Ontario. The Ogden claims cover Read More

  • Alianza Minerals Outlines Plans for 2016

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2016) - Alianza Minerals Ltd. (TSX VENTURE:ANZ) ("Alianza" or the "Company") is pleased to provide an update on its exploration and prospect generation activities planned for 2016. Alianza was re-organized in mid-2015 to creating a new company well positioned to take advantage of an improving resources market with only 13.8 million common shares outstanding. Alianza follows the prospect generator business model, whereby Read More

  • Atacama Pacific Unaware of Any Material Change

    TORONTO, ONTARIO--(Marketwired - Feb. 11, 2016) - Atacama Pacific Gold Corporation (TSX VENTURE:ATM) ("Atacama Pacific" or the "Company"), responding to a request from the Investment Industry Regulatory Organization of Canada, wishes to confirm that the Company's management is unaware of any material change in the Company's activities that would account for the recent increase in market activity. About Atacama Pacific Gold Corporation Atacama Pacific's business is the acquisition, Read More

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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 www.coppernorthmining.com.

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

QA/QC

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
604.398.3451
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.coppernorthmining.com

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