AUC LLC ("AUC") is pleased to report that the Wyoming Department of Environmental Quality (the "WDEQ"), Water Quality Division, has issued AUC an Underground Injection Control Permit to drill, complete, and operate up to four Class I Deep Disposal Wells (the "DDW Permit") to manage wastewater from its proposed Reno Creek Uranium ISR Facility near Wright, Wyoming. This DDW Permit is the first major permit received by AUC since it commenced its environmental process in 2010.
Mindoro Resources Ltd. ("Mindoro" or the "Company") today announced that Agata Mining Ventures Inc. ("AMVI"), a joint venture company in which Mindoro holds a 40% direct and beneficial interest and TVI Resource Development (Phils.), Inc. ("TVIRD") holds a 60% interest and is the operator, has completed one shipment of higher nickel grade saprolite ore during June 2015 for gross proceeds of USUS$1.83 million from the Agata nickel laterite project located in northern Mindanao, the Philippines. No shipments were made through the month of May due to currently reduced demand for lower grade limonite ore.
Borneo Resource Investments Ltd., announced today that it has commenced discussions on the possible acquisition of a sizeable existing gold mining operation in the Philippine Province of Viscayas. The property, comprising 52 mining claim blocks, is characterized by quartz vein and pyrite type gold deposits mineable down to a depth of over 500 metres. A geological report on the property, completed in 2012, has estimated remaining proven au (gold) reserves of 87,000oz and inferred reserves of 1.7 million oz.
Excalibur Resources Ltd. ("Excalibur" or the "Company') is pleased to announce its first purchase of high grade 16.8% copper ore of 70 tons. This material has already been milled, bagged and delivered to Lima so the turnaround time for payment is expected to be only 10 days at an estimated gross margin of 30%, less than a comparable purchase from local miners at mine site.
Midlands Minerals Corporation ("Midlands") and Alder Resources Ltd. ("Alder") issued a press release on May 28, 2015 announcing that Midlands proposes to acquire all of the outstanding shares of Alder pursuant to a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement").
Imperial Metals Corporation ("Imperial") reports the British Columbia Ministry of Energy and Mines and the Ministry of Environment have issued permit amendments that allow recommencement of operations at the Mount Polley mine. The permits allow a modified operation plan to process a maximum of 4 million tonnes of ore over one year (approximately 50% of capacity of the processing plant at Mount Polley).
Eastmain Resources Inc. is pleased to announce that it has awarded the contract to complete an independent Preliminary Economic Assessment ("PEA") of its wholly-owned, high-grade Eau Claire gold deposit (Clearwater Project), located in the James Bay Mining District of Quebec, to G Mining Services Inc. ("GMS"). Work on the PEA is scheduled to begin immediately, with completion targeted for the second quarter of 2016.
Millrock Resources Inc. ("Millrock") announces that it has entered into an Option to Joint Venture Agreement ("Option Agreement") on the Alaska Peninsula copper-gold project with First Quantum Minerals Ltd. ("FQM"). The Option Agreement follows on from a Binding Letter Agreement in which Millrock granted the exclusive right to enter this new agreement. By virtue of the new Option Agreement, FQM may earn up to an 80% interest in the project.
Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the Company has a 15% interest financed through to completion of a feasibility study.
Kivalliq Energy Corporation ("Kivalliq") today commenced exploration at the Company's Angilak Property in Nunavut Territory, Canada. The focus of the program will be drill testing the high priority Dipole target and advancing multiple uranium targets in the Dipole-RIB Trend through geochemical surveying.
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