Pretium Resources Inc.: Bulk Sample Surpasses Target of 4,000 Ounces of Gold; Processing Continues
Pretium Resources Inc. (PVG.TO)(PVG) ("Pretivm") is pleased to report that 4,215 ounces of gold have been produced from 8,090 dry tonnes of excavated material from the Valley of the Kings Bulk Sample Program (the "Program"). Approximately 1,815 wet tonnes remain to be processed. The preliminary mill results to date are shown in Table 1 below.
Table 1: Preliminary Mill Results from Processing (at November 20, 2013)Tonnes Milled (Dry) Gold Ounces Gravity Concentrate Gold Ounces Flotation Concentrate Gold Ounces Tailings Total Contained Gold Ounces Total Contained Silver Ounces 8,090 2,542 1,588 85 4,215 3,593
Up to 8,120 g/t Gold Returned in Grab Samples Taken at King’s Bay Gold Corporation’s Menary Gold Project Located in the Rainy River Gold Camp of Northwest Ontario
King's Bay Gold Corporation (TSX.V:KBG.V ) is pleased to report that it has received the results of a sampling and assaying program undertaken at the Menary Gold Project.
As a result of this program, the company is now moving forward with its application to the Ontario Ministry of Northern Development & Mines for a permit to take a high-grade gold bulk sample of up to 999 tonnes to commence sometime during the winter or early spring of 2014.
North Arrow Announces Canada's Newest Diamond Discovery at the Pikoo Diamond Project, Saskatchewan
North Arrow Minerals Inc. (TSX VENTURE:NAR) ("North Arrow") is pleased to announce that high microdiamond counts, demonstrating the potential for a coarse diamond size distribution, have been returned from the PK150 kimberlite at Pikoo, a new kimberlite district located in central eastern Saskatchewan that was discovered by North Arrow earlier this year. Highlights of this announcement include:A 209.7 kg sample of drill core from the PK150 kimberlite has returned 745 diamonds larger than the 0.106 mm sieve size, including 23 diamonds larger than the 0.85 mm sieve size; Total weight of the +0.85 mm diamonds recovered from the sample is 0.2815 carats;
Copper Mountain announces third quarter 2013 results
Copper Mountain Mining Corporation (TSX:CUM.TO - News) (the "Company" or "Copper Mountain") announces revenues of $67.6 million after pricing adjustments and treatment charges for the three months ended September 30, 2013.
Asanko's Esaase Gold Project Fully Funded With $150m Debt Facility
Highlights: - Definitive Loan Agreement signed with Red Kite for secured debt facility of up to $150 million - Combined with the current cash on-hand of $185 million , Esaase Gold Project fully financed - No hedging, cash sweep or limitations on the Company's growth strategy - Definitive Feasibility Study and permitting remain on track for completion during Q4 2013 - Front End Engineering and Design program to commence immediately - Steady state production of 200,000 ounces per year targeted by Q4 2015
Asanko Gold Inc. ("Asanko" or the "Company") (AKG.TO)(NYSE MKT:AKG) is pleased to announce it has entered into a Definitive Senior Facilities Agreement (the "Agreement") with a special purpose vehicle of Red Kite Mine Finance Trust I ("Red Kite") to provide a secured project debt facility for a total of $150 million (all figures United States dollars).
Agnico Eagle reports third quarter 2013 results - Strong operational performance leads to record quarterly gold production and positive revision to 2013 guidance
(All amounts expressed in United States dollars unless otherwise noted)
Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $47.3 million, or $0.27 per share for the third quarter of 2013. This result includes a non-cash foreign currency translation loss of $6.5 million ($0.04 per share), non-cash stock option expense of $5.2 million ($0.03 per share), and other non-cash and non-recurring expenses of $1.5 million ($0.01 per share). Excluding these items would result in an adjusted net income of $60.5 million, or $0.35 per share. In the third quarter of 2012, the Company reported net income of $106.3 million, or $0.62 per share.
Pretium Resources Inc.: Bulk Sample Drill Program Concludes With Additional High-Grade Gold Intersected
Pretium Resources Inc. (PVG.TO)(PVG) ("Pretivm") is pleased to report the results from the final drill fan completed as part of the Valley of the Kings Bulk Sample Program (the "Program"), and results from exploration drilling in other areas of the Valley of the Kings. Reported assays include 12 intersections grading greater than 1,000 grams per tonne gold uncut, two of which were intersected in the planned Program fan. (See Table 1 below for assays.)
Canadian Federal Government Approves Gahcho Kué Diamond Mine Development
De Beers Canada and Mountain Province Diamonds (TSX: MPV, NYSE MKT: MDM) are pleased to announce that the Minister of Aboriginal Affairs and Northern Development Canada, the Hon. Bernard Valcourt, has today approved the development of the Gahcho Kué diamond mine as recommended by the Mackenzie Valley Environmental Impact Review Board.
Tony Guthrie, Chief Executive Officer for De Beers Canada, commented: "The Minister's approval confirms that the plans for the development and operation of the Gahcho Kué diamond mine meet the highest standards. The new diamond mine will benefit the economy and residents of the Northwest Territories and enhance Canada's position as a premier diamond producer."
Almaden Infill Drilling Confirms High-Grade Ixtaca North Zone, Hits 12.40 Meters of 3.52 G/T Au, 122.4 G/T Ag (6.0 G/T Aueq) at Ixtaca, Mexico
Almaden Minerals Ltd. ("Almaden" or "the Company") (AMM.TO) (NYSE MKT:AAU) is pleased to announce the results from Almaden's ongoing 2013 Ixtaca Zone drill program at the Company's 100% owned Tuligtic project, Mexico. Almaden has commenced an infill drilling program with three of the four rigs currently drilling on the project. The infill program has been designed to upgrade resources currently in the inferred category to the higher confidence measured and indicated categories. At the same time one drill rig is focussed on step out drilling to expand the resource. The holes announced today show the continuity of high-grade gold silver veining in the east-west Northern zone defined with previous drilling. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):
Brigus Drills 40.71 gpt Gold Over 26.75 Metres at Black Fox & Reports High Grade Drilling Results at Grey Fox
Brigus Gold Corp. ("Brigus" or the "Company") (NYSE:BRD.TO - News) (TSX:BRD.TO - News) is pleased to report the deepest intersection drilled to date at Black Fox. Hole GF 454-01-W intersected 40.71 grams per tonne gold over 26.75 metres, including 103.20 grams per tonne gold over 8.35 metres. This test hole was drilled from underground and intersected Black Fox mineralization at approximately 700 metres vertical from surface, extending the west zone by an additional 300m at depth. Recently the Company engaged in a limited drilling program to test the down dip extension of the Black Fox orebody. Orebodies in the region, along the Destor Porcupine Fault, often extend to depths of more than 1,000 metres. The Black Fox orebody remains open for expansion both laterally and at depth.
Fortuna Silver corrects Measured and Indicated Resource breakdown
Fortuna Silver Mines Inc. (NYSE:FSM - News) | (TSX:FVI.TO - News) | (BVL:FVI.TO - News) | (Frankfurt:F4S.F - News) announces that its October 17, 2013 news release entitled "Fortuna Silver increases San Jose silver reserves by 22% and silver inferred resources by 39%" (the "Release") contains typographical errors in the table providing the detail of Measured and Indicated Mineral Resource estimates for the San Jose Mine located in Oaxaca, Mexico. Accordingly, the table headed "Mineral Resources - Measured and Indicated" in the Release is retracted and the following substituted in its place:
Questerre Energy Corporation (TSX: QEC): Fifth Liquids-Rich Montney Well Tests at Over 1,400 boe/d
Questerre Energy Corporation ("Questerre" or the "Company") (QEC.TO) (QEC.OL) is pleased to report on the test results from its fifth horizontal well at 05-23-63-6W6M (the "05-23 Well") in the Kakwa-Resthaven area of west central Alberta.
The 05-23 Well is approximately two miles west of the existing producing wells on its joint venture acreage and 70m to 100m deeper vertically. The well was successfully completed with a seven-stage slick water fracture stimulation in the 1400m horizontal section. The well was tested for a 170-hour period thereafter.
Bacanora Announces Filing of Technical Report on Inferred Resource Estimate of 1,486,000 Tonnes of Lithium Carbonate Equivalent on Lithium Joint Venture Lands
BACANORA MINERALS LTD. ("Bacanora" or the "Company") (TSX VENTURE:BCN) is pleased to announce the filing of a Technical Report ("Report") in respect of its Fleur and El Sauz concessions ("Concessions") that form part of the Sonora Lithium Project in northern Mexico. The Report has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and is entitled, Initial Lithium Resource Estimate - El Sauz & Fleur Concesions - Sonora Lithium Project. The lead author of the Technical Report is Carl G. Verley, P.Geo., who is a "qualified person" within the meaning of NI 43-101 and is independent of the Company. The Report has been filed on SEDAR and is also available for download on the Company's website.
Gran Colombia's production tops 80,000 ounces of gold in the first nine months of 2013
Gran Colombia Gold Corp. (TSX: GCM, OTC:TPRFF) announced today that it produced a total 9,758 ounces of gold and 13,603 ounces of silver in September 2013 from its underground mining operations at Segovia and Marmato in Colombia. This brings total gold production for the third quarter of 2013 to 29,186 ounces, up 8.4 percent over the third quarter last year. For the first nine months of 2013, the company produced a total of 80,687 ounces of gold and 118,087 ounces of silver, up 2.4 percent and 29.7 percent respectively, over the same period in 2012. Serafino Iacono, Executive Co-Chairman of Gran Colombia, commenting on the production update, said, "We continue to take actions to reduce our all-in sustaining costs while our Segovia expansion project continues on target and we remain on track to meet our 2013 production guidance of 110,000 ounces of gold."
Argex announces positive results of its feasibility study for titanium dioxide industrial project
Argex Titanium Inc. (RGX.TO) ("Argex") is pleased to report the results from the industrial feasibility study (the "Study") for its titanium dioxide (TiO2) industrial project. The Study is based on a 50,000 tonnes per year first-module production facility to be located in Salaberry-de-Valleyfield, Quebec. GENIVAR Inc. (GNV.TO) ("GENIVAR"), one of Canada's leading professional services and engineering firms, was mandated to establish the technical viability of a TiO2 production facility and to provide a development plan and capital estimate for the project. The delivery of the full report in final form is expected shortly.
The financial model for the first-module was prepared by Ernst & Young ("EY") based on information provided to them by Argex as received from GENIVAR, vendors, service providers and other third-parties in the preparation of the Study.
Rockhaven Announces BRX Zone Trench Grading 71.4 g/t Gold and 1,310 g/t Silver (97.60 g/t gold EQ) Over 2.25 m and Positive Metallurgical Results-Klaza Project, Yukon
Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce the final 2013 excavator trench assays and preliminary gravity and bulk sulphide flotation metallurgical results from the Western BRX Zone on its 100% owned Klaza gold-silver property, located in the Dawson Gold Belt of southwestern Yukon.
News Release Highlights:Excavator trenching has successfully identified high-grade gold and silver mineralization within the Western BRX Zone with new exposures returning: 87.0 g/t gold and 768 g/t silver (102.36 g/t gold EQ) over 1.15 m in TR-47
Copper Mountain Provides Third Quarter Operational Update
Copper Mountain Mining Corporation (TSX:CUM.TO ) (the "Company" or "Copper Mountain") announces production results for the third quarter of 2013 from the Copper Mountain mine located in southern British Columbia.
The mine had record copper production for the quarter and exited the quarter on a positive note with September's copper production totaling 6.8 million pounds. Production for the quarter ended September 30, 2013 totaled 17.7 million pounds of copper, 6,417 ounces of gold, and 79,290 ounces of silver.
Rio Alto Produces a Record 59,157 Ounces of Gold in Q3 2013
Rio Alto Mining Limited ("Rio Alto") (TSX:RIO)(NYSE:RIOM)(BVL:RIO)(DBFrankfurt:MS2) is pleased to announce that its La Arena Gold Mine produced and sold a quarterly record of 59,157 ounces of gold during the three months ended September 30, 2013 (143,940 ounces of gold poured for the nine months ended September 30, 2013 compared to 135,691 ounces planned for the period).
Ore and waste production from the La Arena Gold Mine for the third quarter of 2013 was:
Rockhaven Resources Ltd. Discovers New Gold-Silver Zone Grading 28.2 g/t Gold and 359 g/t Silver (35.38 g/t Gold EQ) Over 1.20 m-Klaza Project, Yukon
Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce additional results from the 2013 exploration program at the eastern portion of its 100% owned Klaza gold-silver property, located in the Dawson Gold Belt of southwestern Yukon.
News Release Highlights:A new high-grade gold discovery made at the Pearl Zone in two widely spaced trenches that returned 28.2 g/t gold and 359 g/t silver (35.38 g/t gold EQ) over 1.20 m and 19.75 g/t gold and 148 g/t silver (22.71 g/t gold EQ) over 1.25 m; and,
Latest Drill Results at Newman Todd (Including 10.0 Meters Grading 7.43 g/t Gold) Continue to Expand Very Large Gold-Bearing System
Confederation Minerals Ltd. (TSX.V:CFM; OTCQX:CNRMF): ("Confederation" or the "Company") is pleased to announce assay results from the final four holes of the 2013 summer drilling program at their Newman Todd gold project in the Red Lake District, northern Ontario. Drilling has continued to focus on the approximately 2 km-long, gold-bearing structural-alteration zone known as the Newman Todd Structure (NTS). Confederation has the right to earn a 70% interest in the project from Redstar Gold Corp. (TSXV:RGC.V - News).