RIMOUSKI, QUEBEC — (Marketwire) — 10/18/12 — Puma Exploration (TSX VENTURE: PUM) has started a two phase drilling program at Nicholas-Denys property, New Brunswick. The first phase of approximately 1,000 meters focuses on the Henry East lens, located along the western end of the Rocky-Brook-Millstream fault. The second phase, of an additional 1,000 meters, will test the skarn horizon and the Nicholas-Denys porphyry.Drilling program in progress on Henry East lensThe first phase of the drilli
TORONTO, ONTARIO — (Marketwire) — 10/18/12 — Advanced Explorations Inc. (TSX VENTURE: AXI)(FRANKFURT: AE6) (the "Company or "AEI") is pleased to announce that it has completed an exploration program to further evaluate the direct ship ore ("DSO") potential within the area of the Tuktu 2 magnetic anomaly, approximately 5km east of AEI-s Tuktu 1 Magnetite Iron Deposit (Inferred Resource – 465MT @ 31.1% Total Iron; see press release November 28, 2011).The exploration p
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/18/12 — True North Gems Inc. (the "Company") (TSX VENTURE: TGX) is pleased to announce the appointment of Mr. W. Graham Nicholls as Executive Vice President. Reporting directly to the President and CEO, Mr. Nicholls will concentrate on finalizing the exploitation permit and the rapid commissioning of the Aappaluttoq Ruby Mine in SW Greenland.Mr. Nicholls has over 25 years of management experience in the resource sector. He is a speci
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/18/12 — Argentum Silver Corp. (TSX VENTURE: ASL) has received assay results from the first 3 diamond drill holes of the 17-hole Phase II step-out program at its Coyote silver property located in Jalisco, Mexico. To date, the El Tajo high-grade silver vein system has been tested over a 600 metre strike length. The results reported below targeted the El Tajo vein on a 50 metre drill center pattern. The El Tajo vein was intercepted at depths rang
QUEBEC CITY, QUEBEC — (Marketwire) — 10/18/12 — Monarques Resources Inc. ("Monarques" or the "Corporation") (TSX VENTURE: MQR) is pleased to announce the discovery of new gold zones on its 100% owned Lemare property, located in the region of Nemaska, in the Lower James Bay Region of Quebec.Exploration work done during summer 2012 led to the discovery of a gold structure located less than 2 kilometres west of Lac de la Sillimanite showing (4.7 g/t Au). Best results of thi
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/18/12 — Rio Alto Mining Limited ("Rio Alto") (TSX: RIO)(LMA: RIO)(OTCQX: RIOAF)(DBFrankfurt: MS2) is pleased to announce that its La Arena Gold Mine poured 47,010 ounces of gold during the three months ended September 30, 2012 (161,064 ounces of gold poured for the nine months ended September 30, 2012). Sales in the third quarter of 45,098 ounces of gold at an average price of $1,600 per ounce generated cash sales proceeds of $72.2 m
COLORADO SPRINGS, CO — (Marketwire) — 10/18/12 — Gold Resource Corporation (NYSE MKT: GORO) today announced that Mr. Jesus Rivera has been appointed General Manager of the Oaxaca Mining Unit, which is responsible for the Company-s El Aguila Project in Oaxaca, Mexico. Mr. Rivera is replacing Mr. Juan Manuel Flores, who has decided to pursue other interests. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico. The Company has returned over $63 million to sh
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/18/12 — Pretium Resources Inc. (TSX: PVG)(NYSE: PVG) ("Pretivm") is pleased to report the final assays from its high-grade Brucejack Project in northern British Columbia. Results continue to confirm the projection and continuity of high-grade gold, including more intervals grading over 1 kilogram per tonne gold. (See Table 1 below for assays.)Selected highlights from the Valley of the Kings include:The bonanza-grade gold intercept no
PERTH, WESTERN AUSTRALIA — (Marketwire) — 10/18/12 — Medusa Mining Limited ("Medusa" or the "Company")(ASX: MML)(LSE: MML), through its Philippines operating company Philsaga Mining Corporation is pleased to advise that the Baguio Shaft was re-commissioned last week, with an increased haulage capacity of 350 tonnes per day (up previously from 250 tonnes per day).The Saga Shaft reached its target depth of 350 metres in the first week of September. With the plat cut and pr
PERTH, WESTERN AUSTRALIA — (Marketwire) — 10/18/12 — Medusa Mining Limited (ASX: MML)(LSE: MML) wishes to advise that its Philippines operating company, Philsaga Mining Corporation has been granted the Environmental Clearance Certificate ("ECC") for the new Co-O Mill, which permits it to process 2,500 tonnes per day of ore.Construction of the new Co-O Mill remains on schedule for commencement of operation in mid-CY 2013.DISCLAIMERThis announcement may contain certain forward-looki
