VAL-D-OR, QUEBEC — (Marketwire) — 06/15/12 — Golden Valley Mines Ltd. ("Golden Valley" or the "Company")(TSX VENTURE: GZZ) announces that it has granted an option (the "Option") to Sirios Resources Ltd. ("Sirios") to acquire the Company-s 60% interest in and to the Sharks and Cheechoo prospects (the "Properties") located in the James Bay area of Northern Quebec and in which Sirios currently holds a 40% interest.In order for Sirios to acquire
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/15/12 — Pinecrest Resources Ltd. (TSX VENTURE: PCR) ("Pinecrest" or the "Company) and Kootenay Silver Inc. (TSX VENTURE: KTN) ("Kootenay") report initial Phase 1 drill results from the Espiritu polymetallic vein/breccia project, Sonora, Mexico. Five diamond drill holes totaling 409 metres were completed on two of seven known silver-rich mineralized areas outlined to date. Two holes tested the Road Show Zone and three t
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/15/12 — Douglas B. Forster, Chairman of the Board of Calibre Mining Corp. (TSX VENTURE: CXB) (the "Company" or "Calibre") is very pleased to announce that Mr. Greg Smith, P.Geo. has been appointed President, Chief Executive Officer and Director of the Company effective immediately.Mr. Smith is an exploration geologist with more than 25 years of experience. He has worked for both junior and senior mining companies in various
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/15/12 — Galaxy Graphite Corp. (TSX VENTURE: GXY) (the "Company" or "Galaxy") is pleased to announce that it has commenced field work on its SUN graphite property, located approximately 125 km NW of Baie-Comeau, Quebec.This Phase 1 work program will consist of prospecting, mapping and sampling, and will be completed by early July, 2012. The work will be performed by Consul-Teck Exploration Inc of Val d-Or, QC.This work will
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/15/12 — Starcore International Mines Ltd. (the "Company") (TSX: SAM) has filed the results for the quarter and nine months ended April 30, 2012, for the Company and its mining operations. Over the third quarter ended April 30, 2012, the Company is pleased to report revenues of $14.0 million, earnings from mining operations of $5.0 million and earnings for the period of $4.17 million, which includes a net $1.93 million gain in financi
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/15/12 — Kola Mining Corp. ("Kola Mining" or "the Company") (TSX VENTURE: KM)(FRANKFURT: C8M) – Mr. Sergei Dubovik, President & CEO of the Company, announces a debt settlement with Petesteri Enterprises Limited ("Petesteri"). The Company owed to Petesteri US$1,800,000 (one million and eight hundred thousand US dollars) as the principal debt and the interest accrued thereon (the "Debt"). The Company ha
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/15/12 — Cortez Gold Corp. (TSX VENTURE: CUT) ("Cortez" or the "Company") is pleased to report that it has commenced construction to complete the gold-silver processing plant situated in Matehuala, Mexico. The Company recently closed the transaction to acquire 100% of the issued and outstanding shares of Altiplano Goldsilver S.A. de C.V. of Mexico ("Altiplano Goldsilver") by issuing 6,000,000 shares of Cortez to th
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/15/12 — War Eagle Mining Company Inc. (TSX VENTURE: WAR) ("War Eagle" or the "Company") provides an update on its corporate activities and business development strategy.Private PlacementAs previously disclosed, the Company planned to raise gross proceeds of $194,250 by way of a non-brokered private placement offering of the Company-s common shares in which Mr. Danny Wettreich would be the sole subscriber subject to his appo
WELLINGTON, NEW ZEALAND — (Marketwire) — 06/15/12 — Glass Earth Gold Limited (TSX VENTURE: GEL)(NZAX: GEL) ("Glass Earth") announced today that it is undertaking a non-brokered private placement financing for gross proceeds of up to C$2,200,000.The proceeds of this private placement will primarily be used to finance the purchase of 50% of the placer gold operations announced on March 15, 2012, bringing Glass Earth Gold-s ownership to 100%. This allows for improved planning and coo
MELBOURNE, AUSTRALIA — (Marketwire) — 06/14/12 — Ivanhoe Australia Limited (TSX: IVA)(ASX: IVA), is pleased to announce the first shipment of copper-gold concentrate from the Osborne Copper-Gold Project in north-western Queensland. The 10,600 wet metric tonne shipment of concentrate has been loaded and is expected to leave Townsville on 15 June 2012.The shipment of concentrate to an Asian smelter contains copper valued at approximately A$15 million and gold valued at approximately A$5 milli
