Vista Gold Corp. is pleased to announce that, subject to regulatory approval, it intends to undertake a private placement financing to raise gross proceeds of up to US$15.0 million from the sale of up to 5,000,000 units (the "Units") at an offering price of US$3.00 per Unit (the "Offering"). Each Unit will be comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share at a price of US$3.60 per share and will be exercisable for a period of 24 months from the closing date of the Offering.
Strongbow Exploration Inc. is pleased to announce it has completed initial sonic drilling programs at the Midway and Ridgeway gold projects, South Carolina. This work included an initial test of the Lloyd zone at Ridgeway where hole SDH-RS12-02 returned 28.96 m grading 0.97 g/t Au, 8.4 g/t Ag, and 1,840 ppm Mo, including 4.57 m grading 3.3 g/t Au, 42.0 g/t Ag and 6,960 ppm Mo.
Hondo Minerals Corporation today announced an updated report as it commences commercial scale production at its Old Tennessee Mine in Chloride, Arizona. The Company has completed initial construction of its first commercial scale extraction plant that will be used to process the estimated one million tons of tailings and dumps at the mine site. The Company intends to extract gold, silver, zinc, lead, and other metals that it believes to be present from the pile.
The Graystone Company announced today that its retail division www.Graystonegold.com has sold nearly 100 ounces of gold and silver to date this year. Graystonegold.com was launched in January 2012.
Alexandria Minerals Corporation reported today that three shallow holes intersected a new, potentially significant gold zone on the Company's 100%-owned Akasaba Gold project in Val d'Or, Quebec. The three holes intersected the target horizon some 500 meters west of the previous westernmost holes, increasing the length of the Main Mine Horizon to 1,600 m.
Parlane Resource, a junior exploration company, has declared that work has begun at the Big Bear property over the regions, which were targeted during the 2011 exploration drilling program.
Guyana Goldfields Inc. is pleased to report an updated mineral resource statement for its 100%-owned Aurora Gold Project in Guyana, South America. This new estimate includes all drilling data obtained up to the end of April 30, 2012. The estimate was prepared by SRK Consulting (Canada), Inc. ("SRK") of Toronto, Canada in accordance with National Instrument 43-101 ("NI 43-101") and provides an update to the previous estimate released on September 9, 2011. The Bankable Feasibility Study is scheduled for completion at the end of the calendar fourth quarter of this year and will be based on the measured and indicated categories of this revised resource estimate.
Daulton Capital Corp. a gold and precious metals exploration company, is pleased to announce that it has entered into a $105 million forward Gold sales contract with Salam International Limited. Salam International Ltd is a Dubai gold trading company which procures gold and sells to large Gold refineries in Dubai & Abu Dhabi, United Arab Emirates.
Primero Mining has reported that a fresh high-grade vein, named the Alexa vein, has been discovered in the West Block. Five high-grade intercepts are included in the new discovery.
DIOS EXPLORATION has announced that it has planned to commence prospecting and mapping the tonalitic stage of the Erasme Lake pluton, on the porphyry-type 33 CARATS gold project situated on the northwest part of the Eastmain gold mine, Chibougamau.
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