TORONTO, ONTARIO — (Marketwire) — 05/11/12 — CHAMPION MINERALS INC. (TSX: CHM)(FRANKFURT: P02) ("Champion") and FANCAMP EXPLORATION LTD. (TSX VENTURE: FNC) ("Fancamp") announce an update to the structure of the proposed acquisition by Champion of Fancamp-s joint venture interest in the Fermont Properties previously announced on May 9, 2012. Fancamp will pay $2.0 million for the permanent waiver by Champion of its right to buy-down one-third (representing a 0.5% royalty i
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 05/11/12 — HELLIX VENTURES INC. (TSX VENTURE: HEL)(OTCBB: HLLXF) – Frank Underhill, President, announces check assay results received from an independent assay laboratory on Hole HVM12-05 from the drill program completed this year on its Margarita gold project in southern Arizona. Initial results on all twelve holes were received from Skyline Laboratories in Tucson, Arizona and announced on April 18, 2012.The check assays were prompted by doubts
ATHENS, GREECE — (Marketwire) — 05/11/12 — S&B announces (S&B) (ATHEX: ARBA), First Quarter 2012 Financial Results.S&B Industrial Minerals First Quarter 2012 Financial Results (IFRS) Press Release: (Please click on the link below to view full press release)"In the first quarter of 2012, we once again delivered an improved financial performance. These results have been driven by sustained high operating leverage in our business, contributing to improved margins and to the tr
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 05/11/12 — Oceanic Iron Ore Corp. (TSX VENTURE: FEO)(OTCQX: FEOVF) (the "Company") announces that the Hon. Lawrence Cannon P.C. has resigned from the Board of Directors of the Company, effective May 10, 2012 as he has accepted an appointment as Canada-s ambassador to France. Mr. Cannon joined the Company-s Board of Directors in 2011.Mr. Steven Dean, Chairman and CEO of the Company, said, "On behalf of the Company, I would like to s
TORONTO, ONTARIO — (Marketwire) — 05/11/12 — Calvista Gold Corporation (the "Company" or "Calvista") (TSX: CVZ) is pleased to announce today that it intends to proceed with a normal course issuer bid ("NCIB") to purchase up to 2,442,501 common shares of the Company ("Common Shares").The Company is commencing the NCIB because it believes that the current market price of its Common Shares may not fully reflect the underlying value of the Company-s busin
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 05/11/12 — International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX: ITH)(NYSE Amex: THM)(FRANKFURT: IW9) has filed its unaudited first quarter financial statements and associated management discussion and analysis for the three-month period ended March 31, 2012 on May 10, 2012. These documents will be available for viewing on SEDAR and EDGAR and on the Company-s website on Friday, May 11, 2012.Shareholders can obtain
MONTREAL, QUEBEC — (Marketwire) — 05/11/12 — Velan Inc. (TSX: VLN) today announced that on Thursday, May 17, 2012, it will release fourth quarter year-end results ended February 29, 2012.The company will hold an analyst call on Thursday, May 17, 2012 at 4:30 p.m. (Eastern Daylight Time) to discuss the results. The call may be accessed by dialing 888-628-4143, and quoting the reservation number 21591591. There will be a PostView available for 7 days following this conference call. The number
LAVAL, QUEBEC — (Marketwire) — 05/11/12 — Typhoon Exploration Inc. (TSX VENTURE: TYP) is pleased to announce that the aggressive systematic exploration drilling campaign has generated several discoveries, stretching over 2.5 km, in the northern part of the Fayolle Property.The year 2012 will be under the sign of the interpretation and analysis of all results obtained with the drilling campaigns since 2010. In the first quarter of 2012, definition drillings were carried out in order to valid
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 05/11/12 — CaNickel Mining Ltd. ("CaNickel" or the "Company") (TSX: CML) is pleased to report that the Company achieved positive EBITDA(1) (earnings before interest, income taxes and amortization) of $0.4 million for the first quarter of 2012 ended March 31, 2012 ("Q1 2012").Highlights of the operation results in Q1 2012 are summarized as follows:(1) Non-GAAP Performance MeasuresThe Company uses certain non-GAAP perf
In an Exclusive Interview With CEOinsiderTV.com, Gold and Gemstone Mining, Inc. (GGSM.OB) Executive Tim Cocker Discusses the Company-s Operation and Development Plans for Current Diamond and Gold Concessions in Sierra Leone and the Strategic Direction the Company Believes Will Deliver Additional Profitable Mining Projects for Years to Come
