74.4% of Inferred gold ounces converted to Indicated category; gold grade increased by 42.2%
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/28/13 — Serengeti Resources Inc. (TSX VENTURE: SIR)(FRANKFURT: 34S) and Fjordland Exploration Inc. (TSX VENTURE: FEX) are pleased to announce that they have consolidated their adjoining Mil (SIR-65%/FEX-35%) and Milligan South (100% FEX) properties into a single project (50%/50% JV), "Milligan West", (the "Property"), via an amendment to the previous QUEST Joint Venture agreement, dated February 21, 2008 between Serengeti a
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/28/13 — Northern Lion Gold Corp. (the "Company") (TSX VENTURE: NL)(FRANKFURT: N3E) announces that it has entered into a non-binding letter of intent (the "LOI") with a subsidiary of Centerra Gold Inc. ("Centerra") with respect to an option/joint venture transaction.Pursuant to the LOI, Centerra can earn up to 70% interest in several of the Company-s exploration permits (the "Option Properties") located i
ROUYN-NORANDA, CANADA — (Marketwire) — 02/28/13 — Explor Resources Inc. (the "Corporation" or "Explor")(TSX VENTURE: EXS)(OTCQX: EXSFF)(FRANKFURT: E1H)(BERLIN: E1H) is pleased to announce the acquisition 75 contiguous mineral units totalling 1650 hectares (4150 acres), situated in Northumberland County, province of New Brunswick, known locally as the Chester Property.Explor will pay $150,000 CDN and issue 6,500,000 common shares over a three year period for an Option to
TORONTO, ONTARIO — (Marketwire) — 02/28/13 — Carpathian Gold Inc. (TSX: CPN) (the "Corporation" or "Carpathian") is pleased to provide an update on its wholly owned Riacho dos Machados Gold Project ("RDM" or "Project") located in the state of Minas Gerais, Brazil.Project Construction and DevelopmentExploration UpdateAs previously reported (January 16, 2013) an initial 5,720 metre exploration-drilling program was completed to evaluate on-strike near su
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/28/13 — North Arrow Minerals Inc. (TSX VENTURE: NAR) ("North Arrow" or the "Company") announces that at its extraordinary general meeting held on February 13, 2013, shareholders approved the consolidation of the Company-s issued and outstanding common shares at a ratio of ten old shares for one new share.Effective as of the opening of trading on February 28, 2013, the Company-s share capital will be trading on a post-consol
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/28/13 — CAVAN VENTURES INC. (TSX VENTURE: CVN) ("Cavan" or "the Company") is pleased to announce that the Company is now planning its first drilling program on its Pythonga Lake Rare Earth Element project.The Pythonga Lake property is located at approximately fifteen (15) kilometres west of the town of Maniwaki, Quebec. It consists of 110 map staked claims covering an area of approximately 6,523 hectares. Those claims are d
CALGARY, ALBERTA — (Marketwire) — 02/28/13 — Teras Resources Inc. ("Teras" or the "Company") (TSX VENTURE: TRA)(OTCQX: TRARF): Teras is pleased to report new analysis of historical geophysical surveys that were conducted by Kennecott Exploration in 1995 at the Cahuilla gold/silver project in Imperial County, California. The study indicates that subsurface precious metal mineralization and different styles of hydrothermal alteration can be identified via geophysical techn
MOUNT PEARL, NEWFOUNDLAND — (Marketwire) — 02/28/13 — Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE: CGP) (FRANKFURT: GWN) (BERLIN: GWN) (OTCBB: CTNXF) today announced it has issued 4,000,000 common shares at $0.05 per share for proceeds of $200,000 to SolGold Plc, as previously announced in its February 19, 2013 news release outlining the terms of the re-negotiated option agreement on Cornerstone-s 5,000 hectare Cascabel gold-copper-silver property in northern Ec
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/28/13 — CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") (TSX VENTURE: CKR)(FRANKFURT: CB8) is pleased to announce the addition of Michel Boily M.Sc. Ph.D. P.Geo to its advisory board. Dr. Boily is an expert geochemist and metallogenist specializing in the interpretation of precious and rare metal deposits of Precambrian volcano-plutonic terranes. He also conducted exploration and technical evaluation of gold and ba
