Nighthawk Reports 45.3% Increase in Contained Gold Ounces and 59% Increase in Average Grade in Updated Colomac Resource Estimate
2.1 Million Ounces Gold Inferred at an Average Grade of 1.67 g/t Gold
Nighthawk Gold Corp. ("Nighthawk") (TSX VENTURE:NHK) is pleased to report an updated Inferred Mineral Resource estimate, prepared in accordance with National Instrument 43-101, ("NI 43-101"), of 39.815 million tonnes with an average grade of 1.67 grams per tonne gold for 2.101 million ounces gold using a cut-off grade of 0.6 g/t gold (see Table 1) at its 100%-owned Colomac gold property in the Northwest Territories.
HIGHLIGHTS:The average grade of the current resource increased by 59% and total contained ounces increased by 45.3% over the previous Inferred Mineral Resource estimate of 42.650 million tonnes with an average grade of 1.05 g/t gold for 1.446 million ounces gold using a cut-off grade of 0.6 g/t gold. (February 22, 2012 news release);
Soltoro's Channel Sampling Returns 3 Metres of 14.16 GPT Gold and 308 GPT Silver Including 0.7 Metres of 27.7 GPT Gold and 641 GPT Silver at Tecolote Project
Soltoro Ltd. (TSX VENTURE:SOL) has received positive gold and silver assay results from ongoing mapping and sampling at its 100% owned Tecolote Project in Jalisco, Mexico. The 3,052 hectare Tecolote Project is located less than 10 kilometres north of Soltoro's El Rayo primary silver project and 10 kilometres northeast of Grupo Mexico S.A.B. de C.V.'s El Barqueño property currently optioned to Cayden Resources Inc.
The Carmelita vein system has now been traced for over 100 metres at surface where recent sampling returned numerous high-grade gold and silver values including 27.70 g/t gold and 641 g/t silver over 0.7 metres. A recently completed ground magnetic survey over the Carmelita zone suggests the structure hosting the vein has a strike length of 550 metres. Further mapping and sampling are planned at Carmelita to establish the strike extent of the structure. Selected results from recent sampling are as follows:
Santacruz Silver Drilling Intersects 1,687 g/t Ag Over 4.58 m, Including 7,520 g/t Ag Over 0.61m at the Gavilanes Project in Mexico Phase II of Gavilanes Drilling Campaign Starts Successfully
Santacruz Silver Mining Ltd. (TSX VENTURE:SCZ) is pleased to report the first six holes totaling approximately 1,000 meters of the 16,000 meter Phase II drilling campaign on the 100% owned Gavilanes Silver project in Durango, Mexico. The 7,347 hectare Gavilanes property hosts a low sulphidation epithermal system, where seven high grade silver veins and a stockwork area have been identified to date. The Phase II drill program is designed to test the continuation of three of the seven known silver-bearing veins, each of the veins average 1-kilometer in length, and a stockwork area identified in previous drilling.
PetroFrontier Corp. announces Statoil to fully fund a US$50 million 2013/2014 exploration program in the Southern Georgina Basin
PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has agreed to amend the existing farmin agreement with Statoil Australia Oil & Gas AS ("Statoil") whereby Statoil has committed to spend the next US$50 million throughout the remainder of 2013 and 2014 to fully fund up to a 385 km 2D seismic program and the drilling and stimulation of four to six vertical test wells (the "Amended Farmin Agreement").
Petromanas updates Albanian exploration activities
Petromanas Energy Inc. ("Petromanas", or the "Company") (TSXV:PMI.V ) today provided an update on current and planned exploration initiatives onshore Albania.
Albania Blocks 2-3
The Shpirag-2 well continues to drill ahead in the target carbonate reservoir at a depth of approximately 5,500 metres. Petromanas intends to drill the well to a target depth of approximately 5,800 metres.
The Company today also announced it has received notification that the Albanian government has approved construction permits for road and lease construction at the Molisht-1 drilling location and two other drilling locations located along the Shpirag structure in Blocks 2-3.
H2O Innovation awarded $4.7 million in contracts for municipal and industrial water treatment projects - Company expands in British-Columbia
H2O Innovation Inc. ("H2O Innovation" or the "Company") announces today that it was recently awarded $4.7 million in new contracts. These new contracts bring H2O Innovation's order backlog for water treatment projects to $17.4 million as of June 5, 2013. The Company continue to expand its systems sales network by adding a new sales manager in British-Columbia.
Among the projects announced today, one of them will see H2O Innovation design, assemble, deliver and commission a membrane filtration system, combining the use of ultrafiltration (UF) and ultraviolet (UV), for a community in British-Columbia. Once installed later this fall, the system will produce 1.1 MGD (4,200 m3/d) of drinking water from a surface water source.
Temex Intersects Bonanza Gold Grades of 36.20 g/t Gold over 4.85 Metres within 23.82 g/t Gold over 7.70 Metres Near Surface on Whitney Project, Timmins, Ontario
Temex Resources Corp. (TSX-V: TME, FWB: TQ1) ("Temex" or "the Company") reports assay results from the surface diamond drilling campaign on the Whitney Project located in Timmins, Ontario. The drill program, which resumed in March, is being conducted in the past-producing Upper Hallnor Mine area and is targeting additional high grade gold resources in the Upper Hallnor and Bonetal areas, the expansion of current in-pit gold resources, as well as follow-up drilling of a significant new gold discovery reported earlier this year.
NTG Clarity Awarded $3.8 Million Contract for NTG Software Development Resources
NTG Clarity Networks Inc., (TSX VENTURE:NCI) is pleased to announce the Company received a Letter of Intent from a leading mobile operator in the Gulf region to provide software development resources. 70% of the resources are for a 6 month renewal for ongoing work and the other 30% is to work on a new project with the expected completion within 10 months. The contract value is approximately CAD $3.8 Million.
Cayden Samples 21 m of 8.3 g/t Gold at El Barqueno
Cayden Resources Inc. (TSX VENTURE:CYD) ("Cayden" or the "Company") is pleased to announce that it has received additional results from ongoing trenching programs at its El Barqueño property located in Jalisco State, Mexico. Highlights include: 21 meters of 8.3 g/t Au, including 4 meters of 20.3 g/t Au; 54 meters of 1.1 g/t Au; and 13 meters of 2.4 g/t Au.
The trenches were taken from the Azteca target area where two parallel fault zones contained abundant vein and stockwork-controlled mineralization. The Azteca target area is one of the many areas on the property where wide zones of hydrothermal alteration and networked quartz veins occur at surface. The strike length of mineralization revealed by the assayed trenches is 1.4 kilometers and the system is open in both directions. Assay results continue to reveal that gold occurs in the veins and wall rock, indicating the strong potential for a bulk mineable epithermal deposit. (See Figure 1 below or visit our website to see the map.)
Zephyr expands gold mineralization on its Dawson property in Colorado: Drills 14.3 meters of 6.2 G/T gold
Zephyr Minerals Ltd. ("Zephyr") (TSXV: ZFR) is pleased to announce results for the first 7 holes of a 13 hole diamond drill program on the Windy Gulch zone of the Dawson gold project in Colorado, U.S.A. These initial results confirm and expand on historic drilling and surface channel sampling results which identified an at surface and near surface gold zone with very attractive grades. Drill holes of particular note include WG-13-08 and WG-13-14 which intercepted 7.2 meters grading 7.9 grams per tonne (g/t) gold and 7.3 metres grading 9.7 g/t gold respectively. Channel sampling of a newly established roadcut located approximately 50 metres east of the historic easterly roadcut and directly above drill holes WG-13-08 to WG-13-10, assayed 7.6 g/t gold over a width of 11.9 metres. This zone remains open to the east and at depth. Selected results for the first 7 holes are presented in the table below:
Georgetown Capital Corp. Announces Changes to the Company's Management
Georgetown Capital Corp. (TSX VENTURE:GET) ("Georgetown" or the "Company"), is pleased to announce that effective May 23, 2013, Shawn Wallace, has been appointed President and Chief Executive Officer replacing Tony Ricci who resigned effective the same day. Mr. Ricci will continue to serve on the board of directors of the Company. Mr. Wallace has over 24 years experience in the acquisition, financing and operation of mineral exploration and development projects worldwide, his experience and expertise will be invaluable in sourcing out and financing quality projects for the company going forward. Georgetown is currently undertaking a thorough search for quality large scale precious metals projects worldwide.
Shawn Wallace commented "We plan to capitalize on an environment where quality assets are becoming available in a way that we have not seen in over ten years."
On Behalf of the Board,
Shawn Wallace, President and CEO
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.
Contact Information: Georgetown Capital Corp. Shawn Wallace President and CEO 778-729-0600
Alpha Minerals Hits 20.5m of 8.57% U3O8, including 9.4m of 17.78% U3O8 at R00E Zone, Patterson Lake South, Athabasca Basin
Alpha Minerals Inc. (TSX VENTURE:AMW)(FRNAKFURT:E2GA) ("Alpha" or "the Company") and its 50% Joint Venture partner Fission Uranium Corp. (formerly Fission Energy Corp.) are pleased to report assay results from three drill holes within zone R00E at their Patterson Lake South ("PLS") property, and two drill holes on regional targets.
Results confirm and extend near surface, high-grade mineralization at the R00E zone. Drill hole PLS13-059 returned 20.5m at 8.57% U3O8, including 9.5m @ 17.78% U3O8. With a Grade x Thickness (GT) value of 175.7 for this interval, this is now the R00E zone's best mineralized hole to date, surpassing hole PLS13-043 which intersected 22.0m at 4.8% U3O8 (see news release dated May 16, 2013).
Bayfield Drills 16.0m of 10.47 g/t Gold and 34.68 g/t Silver on Intrepid Zone in Rainy River, NW Ontario
Bayfield Ventures Corp. (TSX VENTURE:BYV)(PINKSHEETS:BYVVF)(FRANKFURT:B4N) is pleased to announce additional assays from the continuing exploration of its 100% owned Burns Block gold-silver project located in the Rainy River District of north-western Ontario. The Company's Burns Block property is ideally situated adjacent to the east of Rainy River Resources' main multi-million ounce gold-silver deposit and to the west of their expanding Intrepid gold-silver zone.
Rainy River District Gold Zones:
PNG Gold Corporation-51.21 g/tonne Gold and 124.50 g/tonne Silver Over 2.50 Metres, Imwauna Main Structure, Papua New Guinea
PNG Gold Corporation ("PNG Gold" or the "Company") (TSX VENTURE:PGK) is pleased to announce gold and silver assay results from 11 diamond drill holes from Imwauna Main Structure. Several holes in Table #2 were previously announced on March 12, 2013 some of which contained only partial gold and silver assay results.
Table #1 highlights the assay results from hole IMH-272 which contain highly prospective gold grades, typical of low sulphidation epithermal deposits and known to occur along the Imwauna Main Structure from previous drilling programs. Since January 2013 the company has drilled 45 diamond drill holes for a total of 14,038.75 metres on the Imwauna Main Structure. Final assay results have been received for all of the holes noted in Table #2.
Proposed Offer for Afferro Mining Inc.
The boards of Afferro Mining Inc. ("Afferro") and International Mining & Infrastructure Corporation plc ("IMIC") are pleased to announce that they have agreed terms in-principle, for the proposed acquisition of Afferro by IMIC, which Afferro's Board intends to recommend to its shareholders, subject to the completion of relevant documentation including satisfactory final financing arrangements, and the receipt of a fairness opinion from its financial adviser as to its terms of the proposed offer.
Under the agreed terms, IMIC will offer for each share of Afferro:80p in cash, plus a 2-year convertible loan note of with principal value of 40p.
Solvista Gold Reports Continued Drilling Success at Caramanta: New Results Include 456.3 Metres at 1.40 g/t Gold Equivalent and 323.4 Metres at 1.74 g/t Gold Equivalent
Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE:SVV)(OTCQX:SVVZF) is pleased to announce the completion of its 8,000 metre, Phase 1 drill program on three separate targets within the Caramanta Porphyry Cluster at its Caramanta Project. The Company is also pleased to release the results of seven additional drill holes on its El Retén gold-copper discovery (the first of the three targets drilled within the Caramanta Porphyry Cluster) completed as part of the Phase 1 drill program. These results further support the Company's model that the Caramanta Porphyry Cluster represents a cluster of related mineralized bodies and as such, has the potential to host significant new gold-copper porphyry discoveries in the Middle Cauca Belt of Colombia.
Alpha Minerals Discovery Zone (R00E) Returns 22.0m of 4.8%, Including 4.0m of 20.73% U3O8 at Patterson Lake South, Athabasca Basin
Alpha Minerals Inc. (TSX VENTURE:AMW)(FRANKFURT:E2GA) ("Alpha" or "the Company") and its Joint Venture partner Fission Uranium Corp. (formerly Fission Energy Corp.) are pleased to report assay results from another nine holes from the R00E zone at its Patterson Lake South ("PLS") Property. The assays show a continuous area of broad uranium mineralization at shallow depth. Of particular note is hole PLS13-043 which returned an interval of 22.0m at 4.8% U3O8. With a Grade x Thickness (GT) product value of 105.6, representing the best GT interval to date from the R00E Zone.Hole PLS13-043 (line 045W) intersected: 22.0m of 4.8% U3O8, including 4.0m of 20.73%U3O8
Orefinders Intersects 14.50 m @ 8.10 g/t Au Including 5.90 m @ 32.5(i) g/t Au (uncut) at Mirado Gold Project, Kirkland Lake
Orefinders Resources Inc. (TSX VENTURE:ORX) reports additional high grade gold results from six more drill holes (1,866 m) from its phase II diamond drilling program at the Mirado Gold Project in Kirkland Lake, Ontario. Highlights include hole MD13-19 which intersected32.54* g/t Au (uncut) over 5.90 meters of consistent bonanza grade mineralization (see Table 1) within an interval of 14.50 meters at an average cut grade of 8.10 g/t Au. These latest results demonstrate good continuity of near surface high grade gold mineralization over broad widths in the South Zone, where recent drill results included 9.50m @ 59.2* g/t Au (Hole MD13-07) and 4.30 m @ 17.2* g/t Au (uncut) in hole MD13-06.
Pangolin Diamonds Discovers Its First Kimberlite in Botswana
- Kimberlite discovered at Tsabong North Project has a +20 hectare aeromagnetic anomaly associated with it - Two additional diamond drill core holes will be completed to intersect a minimum of 100 meters of kimberlite - Additional undrilled kimberlite targets in the project area have the same magnetic signature
Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin") is pleased to announce it has discovered its first kimberlite at its 100% owned Tsabong North Project in Botswana. Core logging identified crater facies sediments and underlying reworked volcaniclastic kimberlite ("RVK") breccias in drill hole "Magi-01/1".
Africa Oil Announces Etuko-1 Well Spuds in Kenya
Africa Oil Corp. (TSX VENTURE:AOI)(NASDAQ OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that Tullow Oil Plc, the operator of Block 10BB in Kenya, has commenced drilling at the Etuko (formerly Kamba) prospect. This well will target a new play area in the Lockichar Basin where a working petroleum system has been confirmed by recent discoveries at Ngamia and Twiga. The well will focus on the 'eastern flank play' where oil was discovered in 1992 by Shell at the Loperot-1 well. The primary objectives will be the Lower Lokhone and Auwerwer sands, both of which have been shown to be high quality reservoirs containing oil in existing wells. The gross best estimate of prospective resources for the prospect are 231 million barrels of oil based on a third-party Competent Person's Report*. The well is expected to take approximately 60 days to drill and evaluate.