VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 08/04/11 — Southern Arc Minerals (TSX VENTURE: SA) ("Southern Arc") is pleased to announce that it has commenced drilling at its Mencanggah prospect in Indonesia. One diamond drill rig started drilling on July 24th and two more rigs began drilling today. A further two rigs have been mobilized for Mencanggah from Jakarta and will bring the fleet on site at Mencanggah to five by mid August.The Mencanggah Prospect comprises a large cluster
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 08/04/11 — High Desert Gold Corporation (TSX VENTURE: HDG)(PINK SHEETS: HDGCF) ("HDG" or the "Company") is pleased to announce that the Company has identified two new areas of high-grade gold/silver and base metal mineralization, and a third area of skarn mineralization, at its wholly-owned San Antonio Project in Sonora, Mexico.One of the new areas of mineralization which is located 2 km to the northeast of the recent drilling
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
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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
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
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
