TORONTO, ONTARIO — (Marketwired) — 06/10/13 — Kinross Gold Corporation (TSX: K)(NYSE: KGC) announced today that the Company will not proceed with further development of the Fruta del Norte (FDN) project in Ecuador. The Company also informed the Government of Ecuador of this decision, and requested its cooperation in ensuring an orderly transition that respects the interests of both parties.After more than two years of negotiations on exploitation and investment protection agreements for the
TORONTO, ONTARIO — (Marketwired) — 06/10/13 — Red Pine Exploration Inc. (TSX VENTURE: RPX) has entered into two Mineral Property Acquisition Agreements to sell the Saracourt and Mortimer gold target properties. These property sales are a result of Red Pine-s continued efforts to divest of certain properties in order to raise capital to fund exploration programs for its more advanced properties. The company believes both these properties have very good potential for gold discovery but will r
TORONTO, ONTARIO — (Marketwired) — 06/10/13 — Virgin Metals Inc. (TSX VENTURE: VGM) ("Virgin" or the "Company") is pleased to announce that it is currently reviewing several strategic transactions, better positioning the Company to take advantage of current market conditions. These transactions involve a number of alternatives focused on providing necessary funding as well as opportunities to increase the asset base of the Company. To ensure proper oversight, the Board h
HIGHLIGHTS – Conventional analytical results returned from recent drilling at the Company-s Rainy River District Properties. – Highly anomalous nature of the Conqueror Anomaly confirmed, with considerable gold present in both bottom-of-hole bedrock samples and silt samples. – High-order, coherent base metal anomalism also confirmed at the Charybdis and Bellepheron Anomalies. – Follow-up work programs currently being formulated for all three targets.
Highlights — 13 holes completed for 1,444m from the resource drilling at Gecomines (40% complete) — Tin mineralization defined over 350m (visual cassiterite and previous results) — Strong cassiterite (Tin oxide) mineralisation intersected in veins up to 600mm thick — Results expected in June 2013 — Metallurgical samples sent to SGS Laboratories in Johannesburg for deportment study
LAVAL, CANADA — (Marketwired) — 06/10/13 — TYPHOON EXPLORATION INC. ("Typhoon") (TSX VENTURE: TYP) announces the execution of an amendment to its Option Agreement dated May 17, 2010 (the "Option Agreement") with Aurizon Mines Ltd. ("Aurizon") in order to postpone from June 9, 2013 to June 18, 2013 the deadline for Aurizon to make the last tranche of subscriptions for common shares of Typhoon for an amount of CAD$500,000. Aurizon became a wholly-owned subsidiary
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/10/13 — Lion One Metals Limited (TSX VENTURE: LIO) (OTCQX: LOMLF) (FRANKFURT: LY1) (ASX: LLO) ("Lion One" or the "Company") is pleased to announce the approval of the merger by Scheme of Arrangement (the "Merger") announced on December 2012, and amended March 25, 2013, by which Lion One will acquire all of the outstanding shares of Avocet Resources Limited ("Avocet"), of Perth, Western Australia.On May
TORONTO, ONTARIO — (Marketwired) — 06/10/13 — Martina Minerals (TSX VENTURE: MTN) the Board of Martina Minerals ("Martina") is disappointed to announce that they have ceased negotiations with Blue Creek Management with regard to the Boston and San Miguel tribal areas in Eastern Mindanao, Philippines following a breakdown in the relationship between the parties.The Company is working on a significant capital raising at the present time and further information will be released in du
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/10/13 — Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV)(OTCQX: TREVF)(BVL: TV)(FRANKFURT: 4TI) announces that crushing of mill feed has commenced at its Santander Mine zinc-lead-silver operations (Figure 1) in Peru.With the main crusher now operational, the Company has commenced initial processing of the mill feed at Santander that has been stockpiled during the ongoing underground development activities.
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/10/13 — Gold Reach Resources Ltd. (TSX VENTURE: GRV) (Gold Reach and/or the Company) is pleased to announce that assay results for the first three holes drilled into the Ox porphyry during the 2013 drill program have been received. The Ox porphyry is located 4 kilometres north-northeast of the Company-s West Seel discovery, and both deposits occur on the Company-s 100% owned Ootsa Property located adjacent to the producing Huckleberry Mine so
