Long Term Off-Take Contract With A US$200M Prepayment
CALGARY, ALBERTA — (Marketwire) — 01/31/13 — MGold Resources Inc. (TSX VENTURE: MNI) ("MGold" or the "Corporation") announced today its intention to complete a non-brokered private placement offering of 10% unsecured convertible debentures in the principal amount of up to $3,000,000. The debentures will bear interest at the rate of ten percent (10%) per annum, payable semi-annually and will mature on the date that is three years from the closing date. The debentures will
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/31/13 — Alpha Minerals Inc. (TSX VENTURE: AMW) ("Alpha" or "the Company") is pleased to announce that drilling is underway at the Patterson Lake South (PLS) property, a 50% Joint Venture with Fission Energy Corp (TSX-V: FIS), located in the southwest part of Saskatchewan-s Athabasca Basin. Field preparations began in early January, upon formal approval of the program and budget (see Alpha news release January 15, 2013).The
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/31/13 — Pistol Bay Mining Inc. (TSX VENTURE: PST) reports that, subject to regulatory approval, it has entered into a Letter Agreement (LOI) with Actus Minerals Corp. ("Actus") whereby Actus has an option to acquire a 51% interest in the mineral claim known as the C3 claim block (#S-111223, comprising 274 hectares) located in the Athabasca Basin, in the Wheeler River area, Saskatchewan (the "Property").Under the terms of th
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/31/13 — Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU)(NYSE MKT: CDY)(FRANKFURT: CR5) announces that the previously disclosed investigation by the Royal Canadian Mounted Police ("RCMP") with respect to the Company-s activities regarding the Sheini Project in Ghana has been closed and that no further action will be taken by the RCMP. The Company has also filed its audited financial statements and as
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/31/13 — Actus Minerals Corp. (TSX VENTURE: AAC) (the "Company" or "Actus") is pleased to announce that, subject to regulatory approval, it has entered into a Letter Agreement (LOI) with Pistol Bay Mining Inc., ("Pistol") whereby Pistol has granted the Company an option to acquire a 51% interest in the mineral claim known as the C3 claim block (#S-111223, comprising 274 hectares) located in the Athabasca Basin, in
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/31/13 — Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM)(NYSE: SVM) is pleased to report the results from its underground diamond drilling program for the second half of 2012 at the LM Mine West ("LM West"), Ying Mining District, Henan Province, China. A total of 43,709 metres ("m") of drilling in 123 holes was completed from January 1, 2012 to December 31, 2012 at LM West.Highlights of
Three Months ended 31 December 2012
BOCA RATON, FL — (Marketwire) — 01/31/13 — Andes Gold Corporation (PINKSHEETS: AGCZ), a gold and silver mining company with existing operations in Ecuador and Peru, today released its financial results for the year ended December 31, 2012. The financial report was filed and is available on the Pink Sheets.The financial statements for the year ending December 31, 2012 show revenue of $6,732,311 versus $4,447,521 for the same period last year. This represents an increase of $2,284,790 or 51.3%
TORONTO, ONTARIO — (Marketwire) — 01/31/13 — Nighthawk Gold Corp. ("Nighthawk") (TSX VENTURE: NHK) reports assay results from the final 7 of 20 holes (Figure 1) drilled by Royal Oak in 1997 on Nighthawk-s 100%-owned Colomac Gold Property ("Colomac Gold Project") in the Northwest Territories ("NWT"). The 20 historic holes (7,470 metres) are now eligible to be included in an updated resource estimate. These results have collectively confirmed the higher grade cha
