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Barkerville Intersects 13.03 G/T Au Over 9.10 Metres At Island Mountain And Provides Corporate Update

Barkerville Gold Mines Ltd. ({TSX.V: BGM} is pleased to announce final results from the 2016 Phase I Island Mountain and Barkerville Mountain KL Zone exploration drilling programs and first results from the new 2017 drilling at the Company’s flagship Cariboo Gold Project.

All outstanding 2016 drill results have now been received. Continue reading

Zenyatta’s Albany high-purity graphite material shows a consistent and desirable particle size

Zenyatta Ventures Ltd. {TSXV : ZEN} provided results from classification tests performed by Hosokawa Micron Powder Systems Labs on graphite material taken from both the East and West pipes of the Albany deposit. 

Classification testing by Hosokawa on a larger batch of high-purity graphite material shows a consistent and desirable particle size distribution. Continue reading

Colonial Coal closes the final tranche of their financing, cancels Flatbed sale

Colonial Coal International Corp., {TSX.V: CAD} further to their news release of Feb. 6, 2017, has now completed the balance of its non-brokered private placement, pursuant to which the corporation has now issued an aggregate of 51,952,661 units of the corporation, at a subscription price of 15 cents per unit, raising aggregate gross proceeds to the corporation of $7,792,900

CAD has also cancelled the partial sale of the Flatbed property. Continue reading

Kootenay announces all seven drill holes on La Soledad intercept silver mineralisation at La Cigarra

Kootenay Silver Inc.  {TSX.V: KTN}  announced results from the seven remaining drill holes of its 3000 metre, phase I exploration drill program on mineralised targets proximal to its La Cigarra silver deposit in Chihuahua State, Mexico.

All seven holes intercepted significant widths of veining and varying grades of silver mineralisation confirming the presence of a large mineralised structure. Continue reading

Colonial Coal closes initial tranche of CAD $7.7 million financing

Colonial Coal International Corp. {TSX.V: CAD} announced the initial closing of its previously announced (January 17, 2017) non-brokered private placement pursuant to which the Corporation has now issued an aggregate of 48,335,998 units of the Corporation (each, a “Unit“), at a subscription price of $0.15 per Unit.

The balance of the Private Placement is expected to complete today for an additional 3,616,663 Units, resulting in aggregate gross proceeds to the Corporation of $7,792,900 in the Private Placement. Continue reading

Condor Gold releases drill results from Cacao prospect at La India

Condor Gold {AIM: CNR}  announced further to the announcement of 15 December 2016, the scout drilling results for four drill holes totalling 719.6 m on the Cacao Prospect at the La India Project.

This drilling is designed to test targets with the potential to contribute to La India’s high grade mineral resource of 18 Mt at 4.0 g/t for 2.31 M oz gold. Continue reading

Chinese Bitcoin trading dries up after 0.2% government transaction tax introduced.

Bitcoin – China, the world’s largest bitcoin market, saw a steep fall in trading volumes on the first day their bitcoin exchanges began charging trading fees, at a flat 0.2 percent.

In a one hour trading period after bitcoin exchanges introduced the trading fees, trading volume at BTC China fell by over 80%. Continue reading

Komet Resources – Constant increase in gold production throughout 2016

Komet Resources Inc. {TSX.V: KMT}  announced that its Guiro mine in Burkina Faso has maintained an increase in production and sales of gold in Q4 2016.
Raw gold (average of 91%) production at the Guiro mine for the quarter was recorded at 26.6 kilos, an increase of 13% compared to the previous quarter which was  23.5 kilos. Continue reading