Millrock Resources Inc. is pleased to report it has completed geophysical surveying on its Alaska Peninsula Project, Alaska. The survey saw a total of 1,140 line kilometers of high-resolution airborne magnetic and radiometric data collected over three prospects of interest: Bee Creek, Mallard Duck Bay, and Kawisgag. Precision Geosurveys Inc. was contracted to carry out the helicopter-borne surveys.
Northern Lion Gold Corp. (the "Company") has commenced a 1,500 metre diamond drill program with project partner, Centerra Gold (KB) Inc., a subsidiary of Centerra Gold Inc. (collectively "Centerra"). The drill program will follow-up on the 2013 discovery of volcanogenic-hosted-massive-sulphide-(VHMS)-related mineralization at the Mavroyi project area.
QMX Gold Corporation ("QMX" or the "Company") and Northern Sun Mining Corp. ("Northern Sun") have agreed to an extension of the closing of the proposed acquisition by Northern Sun of the Snow Lake property, detailed in the press release dated October 2, 2013. The closing is now expected to occur on or before September 30, 2014.
Carpathian Gold Inc. (the "Corporation" or "Carpathian") advises that it has concluded a further extended forbearance and amendment agreement (the "Agreement") with Macquarie Bank Limited ("Macquarie").
Seafield Resources Ltd. ("Seafield" or "the Company") is pleased to announce that it is continuing with the "Strategic Alternative" process as announced in November 2013 (see press release dated November 21, 2013) and expects to have additional news on this in the near future.
Tyhee Gold Corp. ("Tyhee" or the "Company") is pleased to report that the Company has entered into an agreement (the "Implementation Agreement") with RMB Australia Holdings Limited ("RMB") and Sutter Gold Mining Inc. ("Sutter") whereby, subject to certain conditions, Tyhee will acquire: all of the issued and outstanding shares of Sutter currently held by RMB and/or its affiliates; all of the issued and outstanding shares of Sutter that are to be issued to RMB by Sutter upon the proposed conversion of US$8 million of RMB's current debt exposure to Sutter; and approximately US$17 million of RMB's additional debt exposure to Sutter (the "Transaction".) Upon completion of the Transaction, Tyhee will hold approximately 73% of Sutter's issued and outstanding shares, on a non-fully-diluted basis.
RT Minerals Corp. ("RTM"/ the "Company") announces that the Company has secured the exclusive exploration rights to the Tiger River, Konawaruk and Demerara River gold properties, Guyana, South America.
MagIndustries Corp. ("MagIndustries" or the "Company") today announced that it has filed an update to its National Instrument 43-101 Technical Report entitled Update of the NI 43-101 Technical Report for MagMineral's Mengo Permit Area, Kouilou Region, Republic of Congo (the "Technical Report") in respect of the property owned by its 90% owned subsidiary MagMinerals Potasses Congo SA. ("MPC"), previously described in the Company's press release of November 14, 2013.
Mahdia Gold Corp. (the "Company") is pleased to announce 118.5 ounces of gold were produced in its joint venture operations this month, to net approximately 40 ounces, all from the existing equipment. An additional 75 ton per day wash plant has been added this past week and gone through a testing phase.
Revett Mining Company, Inc. is pleased to provide an update on development at its Troy Mine and permitting for the Rock Creek project in northwest Montana.
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