– Smooth transition completed for move to owner-operator mining by Banro – One of several measures to further reduce cash costs
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/18/12 — Baja Mining Corp. ("Baja") (TSX: BAJ)(OTCQX: BAJFF) announced today that Louis Dreyfus Commodities Metals Suisse, S.A. ("Dreyfus") has commenced litigation against it in the Supreme Court of British Columbia.Dreyfus is seeking an independent investigation of the cost overruns to the Boleo Project and Baja-s disclosure thereof, as well as the removal of officers and directors which it says share responsibility for Ba
TORONTO, ONTARIO — (Marketwire) — 06/18/12 — Nautilus Minerals Inc. ("Company" or "Nautilus") (TSX: NUS)(OTCQX: NUSMF)(AIM: NUS) announces that a number of meetings have taken place with the Independent State of Papua New Guinea (the State) over the last two weeks aimed at resolving the parties- dispute relating to the Company-s Solwara 1 project and discussions will continue until a conclusion is reached.On June 1, 2012 the Company initiated the dispute resolution proce
How ultra-smooth crucibles save on production costs.
TORONTO, ONTARIO — (Marketwire) — 06/18/12 — Crystallex International Corporation (OTCBB: CRYFQ) ("Crystallex" or the "Company") announced today that it has obtained a court order which allows it to delay holding its annual meeting pending a further order of the Court. Crystallex filed for creditor protection in Canada on December 23, 2011.In lieu of issuing a management information circular in respect of its 2011 fiscal year at this time, Crystallex will prepare and fil
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/18/12 — Fortunate Sun Mining Company Ltd. ("Fortunate Sun" or the "Company") (TSX VENTURE: FSM) is pleased to announce that the Company has completed a diamond drilling program on its Golconda gold project located in Southern Sonora State, Mexico. Fortunate Sun may earn a 100% interest in Golconda from Minera Coplau, S.A. de C.V. by spending $2,500,000 in exploration and making cash and share payments to Minera Coplau over
TORONTO, CANADA — (Marketwire) — 06/18/12 — Seabridge Gold Inc. (TSX: SEA)(NYSE: SA) of Toronto, Ontario, announced today that it has acquired ownership and control of 4,000,000 common shares (the "BOZ Shares") of Banks Island Gold Ltd. (TSX VENTURE: BOZ) ("Banks Island") by private issuance upon entering into an Option Agreement with Banks Island in respect of Seabridge Gold-s Red Mountain Project. The BOZ Shares held by Seabridge Gold represent approximately 15.4% of t
MONTREAL, QUEBEC — (Marketwire) — 06/18/12 — The Board of Directors of Sirios Resources Inc. (TSX VENTURE: SOI) has granted today 1,400,000 stock options under its Stock Option Incentive Plan to directors, officers and employees at an exercise price of $0.10 per share. The options expire five (5) years from the date of grant, are vested quarterly over an 18-month period and are subject to the required four month hold period following the grant.Neither the TSX Venture Exchange nor its Regula
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/18/12 — Galaxy Graphite Corp. (TSX VENTURE: GXY) (the "Company" or "Galaxy") is pleased to announce that it has commenced field work on its Laurier graphite property, located approximately 40 km SE of North Bay, Ontario.Initial work will include line cutting and ground geophysics (VLF/Mag). This work will be carried out by Meegwich Inc of Temagami, ON. This will be followed by a prospecting, mapping and sampling program. Th
CARSON CITY, NEVADA — (Marketwire) — 06/18/12 — Gryphon Gold Corp. (TSX: GGN)(OTCBB: GYPH), a gold exploration, development and production company focused on its Borealis Oxide Heap Leach Project ("Borealis Project") in Nevada, announced today that it will release its fiscal year end 2012 financial results after the close of financial markets on Thursday, June 28, 2012.A conference call and webcast will be held at 11:30 a.m. Eastern Time on Friday, June 29, 2012, in which manageme
