Cabral Gold Drills 3m @ 13.2 g/t Au at Hamilton

Cabral Gold Inc. (TSX.V: CBR)

Provided assay results from follow-up RC holes at the Hamilton Novo target south of the  Machichie zone, as well as additional diamond drill results from infill drilling at the MG gold deposit, within the Cuiú Cuiú gold district in northern Brazil.

Highlights included Hole RC-63 drilled at Hamilton Novo returned 3m @ 13.2 g/t gold including 1m @ 36.7 g/t gold. Hamilton Novo is one of six recently identified NE trending veins. Continue reading

Ascot Resources closes Yamana $20.6 m financing

Ascot Resources Ltd. (TSX: AOT)

Announced that it has closed its previously announced private placement, issuing a total of 24,000,000 common shares of the Company at a price of $0.86 per Share for gross proceeds of $20,640,000.

Yamana Gold Inc. now holds approximately 6.4% of the Company’s issued and outstanding common shares on a non-diluted basis. Continue reading