True Gold Mining Inc. ("True Gold" or the "Company") (all dollar figures in US dollars) is pleased to provide an update for the Karma Gold Mine, including the stacking of ore on the leach pad.
Metals Creek Resources Corp. (the "Company") is pleased to report assay results for the remaining two holes from the three diamond drill holes that were completed before the Christmas break (see news release by the Company, December 8, 2015) on the Thomas Ogden Zone located on the Ogden Property in the Timmins Gold Camp, Ontario.
Melkior Resources Inc. ("Melkior") is pleased to announce that it has signed a Memorandum of Agreement to drill a minimum of 600 metres on its 100% owned Carscallen Township properties. Depending on availability of financing the program may be expanded. The initial program will be on the Big Marsh property.
Columbus Gold Corporation is pleased to report that it plans to commence a follow-up drilling program at its Eastside gold project in Nevada on February 25th, 2016. Two drill rigs, a rotary rig and a core rig will be used and the preparation of access roads and drill sites is underway.
ATAC Resources Ltd. ("ATAC" or the "Company") announces plans for its fully-funded Phase I exploration and drilling program at its 100% owned Rackla Gold Project in east-central Yukon. ATAC is well-funded with approximately $16 million in its treasury.
Balmoral Resources Ltd. ("Balmoral" or the "Company") reports that drilling has resumed on the Company's Detour Trend Project in Quebec. The initial focus of drilling will be on testing a number of recent gold/base metal discoveries and targets on the Company's wholly owned Grasset and Fenelon properties. A second drill will begin turning on the Company's Martiniere Property, home to the Martiniere West and Bug Lake Gold Trends, as soon as weather conditions and staffing permit.
Management of SIRIOS announces a new geological gold unit has been intersected in the Cheechoo property, Eeyoun Istchee James Bay. This unit was intersected in hole #40 at a depth of 296 m. It is an altered and mineralized biotite schist with 1 to 3% of pyrrhotite and arsenopyrite disseminated on total thickness of the 36 metres unit. (True thickness unknown).
TerraX Minerals Inc. has completed its planned drill program on the Mispickel Target on the Walsh Lake property, Yellowknife City Gold project ("YCG"). Drilling totaled 383 meters in 4 holes on two parallel sections approximately 50 meters apart.
Revelo Resources Corp. ("Revelo" or the "Company") is pleased to announce that it has signed an Option and Sale Agreement (the "Agreement") with Guanaco Cia. Minera SpA, a wholly owned Chilean subsidiary of Austral Gold Limited ("Austral"), whereby Austral will have the sole and exclusive option and right to acquire a 100% undivided interest in Revelo's 12,500 hectare San Guillermo project (the "Project"), located in Northern Chile, by paying Revelo a total of US$2.65 million over three years (out of which US$ 2 million is the optional payment in year 3 to fully acquire the Project) plus spending US$ 3 million on exploration over the same time frame of three years. Revelo will also retain a royalty on any future production from the project.
Monument Mining Limited ("Monument" or the "Company") announces that it has entered into an "Earn-In and Shareholders Agreement" (the "JV Agreement" with Afrimines Resources S.A.R.L ("Afrimines") and its wholly owned subsidiary, Regal Sud Kivu S.A.R.L ("Regal") to earn up to 90% joint venture interest in the Matala Gold Project ("Matala Project" or "Matala"). Afrimines and Regal are both incorporated and operated in the Democratic Republic of Congo ("DRC"), where Regal holds a 100% interest in the Matala.
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