MONTREAL, QUEBEC — (Marketwire) — 08/04/11 — KWG Resources Inc. (TSX VENTURE: KWG) has completed the sale of net smelter royalty interests ("NSR") in the Black Thor, Black Label and Big Daddy chromite deposits to Anglo Pacific Group PLC (TSX: APY)(LSE: APF) for US$18 million.Half of the purchase price has been received by KWG and the remaining 50% has been received by an escrow agent to be held in escrow for a period of three months as security for KWG-s indemnification obligation
TORONTO, ONTARIO — (Marketwire) — 08/04/11 — Auriga Gold Corp. (TSX VENTURE: AIA) ("Auriga Gold" or the "Company")is pleased to report an initial NI43-101 resource estimate for the former producing Puffy Lake Gold deposit at the Maverick Gold Project, located 65 km Northeast of FlinFlon, Manitoba. Drilling to May 2011, has resulted in optimized in-pit and underground Indicated Resources totalling 174,000 ounces gold and Inferred Resources totalling 558,000 ounces gold. T
MIDDLEFIELD, CT — (Marketwire) — 08/04/11 — Zygo Corporation (NASDAQ: ZIGO) fiscal 2011 fourth-quarter financial results will be distributed at 4 p.m. Eastern Time on Thursday, August 18, 2011. A conference call reviewing these results has been scheduled for 5 p.m. Eastern Time that same evening. The dial-in number for this call is 800-268-5851. The call will be webcast at for 30 days following the call.Zygo Corporation is a worldwide supplier of optical metrology instruments, precision op
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 08/04/11 — Aldrin Resource Corp. ("Aldrin") (TSX VENTURE: ALN) is pleased to announce that it has commenced diamond core drilling on its 100% owned IND project located 38 kilometres south of Dawson in the heart of the prolific Klondike mining district of the Yukon Territory. The 27 square kilometre property is proximal to numerous placer operations including the Indian River placers and 14 kilometres southwest of the famous Bonanza Cree
TUCSON, ARIZONA — (Marketwire) — 08/04/11 — Axiom Gold and Silver Corp. (OTCQB: AXIO)(BERLIN: 0X0) is pleased to provide a new update on its Aurora Project located in Sonora State, Mexico.Axiom Gold and Silver Corp., through its wholly owned subsidiary Axiom Minerals de Mexico, S.A. de C.V., received analytical results from Acme Analytical Laboratory Ltd. in Vancouver, B.C. for the first two sets of rock samples (70 samples total) from the systematic sampling program ongoing at the Aurora p
TORONTO, ONTARIO — (Marketwire) — 08/04/11 — Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX: NWI) () today announced the closing of two tranches of a non-brokered private placement financing of 7,391,365 flow-through units at a subscription price of $0.15 per flow-through unit. The Company raised gross proceeds of $1,108,704.75. The two tranches occurred on July 29, 2011 and on August 3, 2011.Each flow-through unit (each, a "Unit") consists of one
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 08/04/11 — Bearing Resources Ltd. ("Bearing", or the "Company") (TSX VENTURE: BRZ) is pleased to announce that the Company has commenced its summer exploration program at the 12,113 hectare Zymo copper-gold project ("Zymo"), located 45 kilometres west of Smithers, British Columbia. Exploration work carried out to date at Zymo, including surface sampling, geophysical testing and core drilling, has identified a large c
SOUTH LAKE TAHOE, CA — (Marketwire) — 08/04/11 — Siga Resources Inc. (OTCBB: SGAE) () President and CEO, Edwin Morrow, is pleased to announce that Bentley Fairview Resources Co. Ltd., of Ontario, Canada, the Joint Venture Partner for the Big Bear Mining Claims located in San Bernardino County, California, has advanced the initial payment for the initiation of a work program on the Big Bear Mining Claims.This is the initial payment of a $10,000,000 Joint Venture entered by the two companies
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 08/04/11 — Bravo Gold Corp. (TSX VENTURE: BVG)(FRANKFURT: B6I) reported today that diamond drilling has started on the Homestake Ridge Project, located in north-western British Columbia. A program of surface IP geophysics is currently being conducted on the property to assist drill targeting.Drilling will initially focus on the 215 target, a zone of silver-enriched silicification located 150 metres to the northeast of the Homestake Silver deposit
SPARKS, NV — (Marketwire) — 08/04/11 — Golden Phoenix Minerals, Inc. (the "Company") (OTCBB: GPXM) is pleased to announce it has closed a $1 million bridge loan facility from Waterton Global Value, L.P. ("Waterton") to complete its phase two, 45-day due diligence period in furtherance of acquiring an interest in the Santa Rosa gold mine in Panama ("Santa Rosa Project"), and signed a Term Sheet ("Term Sheet") with Waterton to obtain a $15.5 million gold
