Barkerville Gold arrange a $20 million financing

   Barkerville Gold Mines Ltd. {TSX.V: BGM}

Has entered into an agreement with a syndicate of underwriters led by Haywood Securities Inc., pursuant to which the underwriters have agreed to purchase, on a bought deal private placement basis, 55,556,000 common shares of the corporation at a price of 36 cents per common share, for total gross proceeds of $20,000,160. Continue reading

Enviroleach confirms Phase 2 development is well underway at their Surrey based facility

   EnviroLeach Technologies Inc. {CSE: ETI}

Updated the market on the Surrey based E-Waste processing facility.

The development of the chemical treatment (hydrometallurgical) plant, (Phase 2) of the E-Waste facility is now well underway with the design and engineering completed and long lead items already ordered. This is designed to selectively extract precious metals from the mechanically separated fractions from Ph 1 using EnviroLeach’s proprietary inorganic formulas. Continue reading

Far Resources to spin out gold and silver assets to focus on lithium

   Far Resources Ltd {CSE: FAT}

Updated regarding its high-grade Winston Gold-Silver Project, located in Sierra County, New Mexico, USA, and the previously-announced spin-out of these assets..

The Winston Project comprises the Little Granite Mine and the Ivanhoe-Emporia Mine, both of which are past-producing silver-gold mines. Management believes that these assets  are not currently valued within the existing corporate structure. Continue reading

Tyranna assessing the path to production at Eureka

   Tyranna Resources {ASX: TYX}

Reported good progress on its core Eureka Gold Project in Western Australia. Eureka is located 30 miles from Kalgoorlie in western Australia, a prolific gold mining district.

Tyranna is now focussing on assessing the most cost effective path to production via toll milling their ore in third party mills, of which there are a few in the immediate vicinity. Continue reading

Kootenay Silver announces high grade sampling results from their Mecatona Project, in Chihuahua, Mexico

   Kootenay Silver Inc. {TSX.V: KTN}

Announced recent mapping and sampling results from the ongoing surface exploration at its 100% owned Mecatona Property, located in the Parral Silver Mining District and southeast of the Company’s flagship La Cigarra Project in Chihuahua State, Mexico.  Continue reading

Radisson Resources selected for coverage by Jay Taylor

   Radisson Resources {TSX.V: RDS}

The esteemed American newsletter writer Jay Taylor has selected Radisson Resources as one of his stocks to follow.

The note issued yesterday caused a significant rise in price and volume on the day, proving that selections by Jay Taylor are read widely within the mining investment community. The note can be read  Continue reading

Neometals complete the sale of their Mt. Marion stake

   Neometals {ASX: NMT}

Announced the completion of the AUD$104 million sale of their 13.8% stake in Mt. Marion. Neometals cash balance at ~AUD$131 million plus ~AUD$7 million in listed investments.

Core strategy remains to de-risk and develop long life projects with strong partners and integrate down the value chain to increase margins and return value to shareholders. Continue reading

Kootenay Silver – Positive metallurgical results from their Cervantes Gold , optioned to Aztec Minerals

   Kootenay Silver Inc. {TSV.V: KTN}

Partner Aztec Minerals Corp. has released positive bottle roll gold recoveries from metallurgical testwork conducted by Bureau Veritas on the California porphyry gold-copper drill core from the Cervantes property in Sonora, Mexico.

Kootenay Silver met test yields up to 94.3% recovery. Continue reading

Tyranna Resources announced the completion of their Eureka drill program

   Tyranna Resources Limited (ASX: TYX)

Announced that the successful completion of the recent drilling program at its 100% owned Eureka Gold Project has enabled an update of the Project’s Mineral Resource Estimate.

In addition, an Exploration Target has been delineated through the increased geological knowledge gained from the drilling program and the recently completed tribute mining. Continue reading