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.
Sage Gold Inc. (the "Company") continues to have discussions with third parties concerning the potential joint venture, production financing and/or sale of the Clavos gold deposit in Timmins, Ontario. The permitted Clavos deposit was the subject of a Preliminary Economic Assessment (PEA) released March 1st 2013 (see details on the Sage Gold website, www.sagegoldinc.com).
DynaResource, Inc. ("DynaUSA", and "the Company") is pleased to announce that Mineras de DynaResource S.A. de C.V. ("DynaMineras"), the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México ("SJG"), is reporting the delivery for sale on February 5, 2016, of an approximate 400 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).
Otterburn Resources Corp. ("Otterburn") is pleased to announce that K92 Holdings International Limited ("K92") has entered into financing agreements with CRH Funding II Pte. Ltd. ("CRH"), an affiliate of Cartesian Royalty Holdings and Cartesian Capital Group, consisting of a gold prepayment investment and an equity investment (the "Financing"). Upon signing, K92 drew down the first tranche under the gold prepayment agreement (the "GPA").
Eastmain Resources Inc. ("Eastmain" or the "Company") is pleased to provide an update on final assay results from the 2015 exploration program completed at its wholly-owned Clearwater Project, located in James Bay, Quebec.
Adventure Gold Inc. is pleased to announce the start of a new diamond drilling program on its Detour Quebec North project (the "Project") located 140 kilometers north of the town of La Sarre, in the Abitibi region of Quebec. The main objective of the program is to test three high-priority helicopter-borne electromagnetic VTEM-type geophysical anomalies previously identified by Adventure Gold along the Detour Gold Trend (DGT).
Gowest Gold Ltd. is pleased to provide an update on its development plans for the Company's North Timmins Gold Project, including plans to build the next new gold mine in the Timmins gold camp on the Frankfield Property at the Bradshaw Gold Deposit.
Kirkland Lake Gold Inc., this week poured it's one millionth ounce from the Macassa Mine Complex since operations commenced in 2003. This marks a historic milestone for the Company, adding to the historical production of this camp, which has now produced over 26 million ounces of gold.
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