TORONTO, ONTARIO — (Marketwired) — 06/06/13 — NORTHERN GOLD MINING INC. (TSX VENTURE: NGM) ("Northern Gold" or the "Company") announces that effective May 17, 2013 the Board of Directors accepted Mr. Greg Gibson-s resignation as President and Chief Executive Officer and selected Mr. Martin Shefsky as his replacement on an interim basis.As one of the founders of the Company Mr. Shefsky is uniquely qualified to ensure a smooth transition of management and to maintain focus
Highlights: – Very aggressive regional exploration for additional massive sulfide occurrences has commenced testing numerous high quality HTEM targets. – A new prospect has been discovered 18 km southwest of Samapleu Deposits with surface showings grading up to 1.39% nickel and 2.26% copper. – Detailed geological area mapping of the new surface discovery is underway and drilling to commence shortly.
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/06/13 — Rugby Mining Limited ("Rugby" or the "Company") (TSX VENTURE: RUG) is pleased to announce that it has acquired the Cobrasco copper-gold-molybdenum porphyry property in Colombia. The project is situated next to Rugby-s Comita project in the Western Cordillera porphyry copper belt (Figure 1), 100 kilometers west of the City of Medellin.The Cobrasco concession covers 3,000 hectares within two blocks immediately to the
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/06/13 — Pretium Resources Inc. (TSX: PVG)(NYSE: PVG) ("Pretivm") is pleased to report that initial underground drilling as part of the Valley of the Kings bulk sample program intersected visible gold, and continues to confirm the projection of high-grade gold mineralized domains. (See Table 1 below for assays from the seven holes drilled on section 426600.)Selected highlights from hole VU-02 include:Hole VU-02 was drilled on section
Including 26 Metres Averaging 1.8 g/t Gold Equivalent (1.0 g/t Gold and 45 g/t Silver) from a New Portion of the Jumbo Trend
THUNDER BAY, ONTARIO — (Marketwired) — 06/05/13 — QRS Capital Corp. ("QRS" or the "Company") (TSX VENTURE: QRS) is pleased to announce that it has closed the first tranche of its private placement previously announced on April 11, 2013. The Company has raised $240,000 through the issuance of 2,400,000 Units (the "Units") at a price of $0.10 per Unit.Each Unit consists of one common share and one half of one common share purchase warrant (each whole warrant, a &
ULAANBAATAR, MONGOLIA — (Marketwired) — 06/05/13 — Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (CNSX: UTM) is pleased to announce it has reached a definitive agreement to subscribe for 75,950 common shares representing 5.05% of Anya-2 Sarl ("Anya"), a private Luxembourg company for a total consideration of US$125,000. Under this agreement, UTM shall be entitled to subscribe for additional shares of Anya, so that its aggregate shareholding in Anya may re
CALGARY, ALBERTA — (Marketwired) — 06/05/13 — Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA) (OTCQX: TRARF) Teras announced that it has completed a closing on its previously announced private placement of common shares for gross proceeds of $640,000. The Company issued 1,280,000 common shares at a price of $0.50 per share.The common shares issued in connection with the offering will be subject to a four month and 1 day hold period that expires on Octo
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/05/13 — Rift Basin Resources Corp. (TSX VENTURE: RIF) (the "Company" or "Rift Basin") is pleased to announce the execution of a Memorandum of Understanding ("MOU") with PT Sinergi Wijaya Kusumah ("PT Sinergi") which supersedes the trilateral arrangements previously announced in its news release of May 3, 2013.PT Sinergy holds the exclusive rights to exploit an onshore multi-reservoir oil field known as
VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/05/13 — Mining for Miracles, BC-s mining community-s longstanding fundraising campaign for BC Children-s Hospital, presented a cheque for over $1.6 million to BC Children-s Hospital Foundation at the 26th annual Miracle Weekend held on June 1 and 2.Mining for Miracles- success depends on the generosity of individuals and corporations throughout the province. In particular, the hundreds of mining, exploration and development companies, service
