Posts by Marketwire - Mining and Metals:

SouthGobi sets new coal shipment record of 441,665 tonnes of coal in August

HONG KONG, CHINA--(Marketwire - Sept. 6, 2011) - Alexander Molyneux, President and CEO of SouthGobi Resources Ltd. (TSX:SGQ)(SEHK:1878) is pleased to announce today that the company has set a new monthly record of 441,665 tonnes of coal shipped in August, representing a substantial increase over shipping levels in the second quarter of 2011. "We have seen a continual increase this quarter in capacity being allocated by customers to collect our coal", said Mr. Molyneux. "We are pleased to see our shipping rate reach a level of approximately 5.3 million tonnes of coal per year on an annualized basis so soon, which is on track to meet our targets."

Sandstorm Gold announces US$6 million payment to Metanor Resources and provides update on the Bachelor Lake project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2011) - Sandstorm Gold Ltd. ("Sandstorm") (TSX VENTURE:SSL) has remitted the US$6 million final payment to Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) in accordance with the gold purchase agreement announced January 17, 2011. Under the terms of the agreement, Sandstorm is entitled to purchase 20% of the life of mine gold produced from the Bachelor Lake project ("Bachelor Lake") at a per ounce price equal to the lesser of US$500 and the then prevailing market price of gold.

Update on proposed merger of US Gold and Minera Andes

TORONTO, ONTARIO--(Marketwire - Sept. 2, 2011) - US Gold Corporation (NYSE:UXG)(TSX:UXG) and Minera Andes Inc. (TSX:MAI)(OTCBB:MNEAF) are pleased to provide an update on the proposed merger of US Gold and Minera Andes. Following the June 14, 2011 announcement of Rob McEwen's proposal to merge US Gold and Minera Andes, each of the companies' boards of directors established an independent special committee to consider the proposed merger and each of the companies has been conducting due diligence on the other. Each of the special committee of Minera Andes and US Gold has retained independent financial advisors and legal counsel and has been considering the transaction, with input from those advisors.

High River provides an update on the bankruptcy procedures of Prognoz Silver LLC

TORONTO, ONTARIO--(Marketwire - Sept. 2, 2011) - High River Gold Mines Ltd. (TSX:HRG) ("High River" or the "Company") was informed that the Arbitration Court of the City of Moscow terminated the official bankruptcy proceedings for Prognoz Silver LLC ("Prognoz Silver") in connection with the application of Prognoz Silver claiming that the criteria of bankruptcy are no longer in place. As previously disclosed, the application to put Prognoz Silver into bankruptcy was initially filed by Prognoz Silver itself. High River holds a 50% indirect interest in Prognoz Silver, which operates the Prognoz silver project in the Republic of Sakha (Yakutia), Russia.

Minera IRL Files NI43-101 Technical Report on Ollachea Pre-Feasibility Study

LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwire - Sept. 2, 2011) - Minera IRL Limited ("Minera IRL" or the "Company"), (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) the Latin American gold mining company, announces that it has filed on SEDAR on the 1 September, 2011, National Instrument 43-101 of the Canadian Securities Administrators compliant report ("the Technical Report"). The Technical Report entitled "Ollachea Gold Project, Puno Region, Peru, NI 43-101 Technical Report on a Pre-feasibility Study" was compiled by AMEC (Peru) S.A. with the participation and contribution of Coffey Mining Pty Ltd.

Excelsior Files Technical Report for Indicated Resource of 3.2 Billion Pounds Oxide Copper at North Star

Excelsior Mining Corp. (TSX VENTURE:MIN)(OTCQX:EXMGF)(PINK SHEETS:EXMGF)(FRANKFURT:3XS) ("Excelsior") is pleased to announce that today it has filed a National Instrument (NI) 43-101 Technical Report dated August 31, 2011 on SEDAR at www.sedar.com. The Report is with respect to Excelsior's resource estimate on the North Star Deposit, announced in a July 19, 2011 press release.

Aura Silver Closes $1.6 Million First Tranche of Brokered Private Placement Financing

Aura Silver Resources Inc. (TSX VENTURE:AUU) ("Aura Silver" or the "Company") announces that it has closed the first tranche of its brokered private placement financing issuing 7,670,587 flow-through units (the "FT Units") for gross proceeds of $1,304,000 and 2,156,667 units (the "Units") for gross proceeds of $323,500. Union Securities Ltd. ("Union") acted as agent for this financing.

Cartier cuts 1.5 % copper and 100 g/t silver over 19 metres on Cadillac extension

VAL-D'OR, QUEBEC--(Marketwire - Sept. 1, 2011) - Cartier Resources Inc. (TSX VENTURE:ECR) ("Cartier") is pleased to announce that additional results from channel samples returned 1.5 % copper and 100 g/t silver over 19 meters and 629 g/t silver, 1.2 % copper and 1.4 g/t gold over 2 meters within a broader interval grading 1.0 % copper and 80 g/t silver over 32 meters on the Cadillac Extension project located 115 kilometers east of Val-d'Or in the province of Quebec. Other results returned 2.7 % copper, 1.1 % zinc and 67 g/t silver over 3 meters within a wider interval grading 0.7 % copper and 27 g/t silver over 20 meters. One section returned 6.6 g/t gold and 237 g/t silver over 1 meter. These are the latest results from trenching conducted on the Langlade polymetalic zone, 45 samples are pending for final results.

Petaquilla Minerals Ltd. highlights results for 4th quarter of fiscal 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2011) - Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX:PTQ)(OTCBB:PTQMF)(FRANKFURT:P7Z) announces that its fourth quarter results of fiscal year 2011 show significant improvements. As a result of improved operational performance and rising gold prices, a net profit of US$5.4 million was generated during the fourth quarter. This second consecutive profitable quarter confirms the Company's improved profitability profile. Petaquilla's accumulated net income of US$7.5 million in the last two quarters of fiscal year 2011 reflects a positive trend in net results and the Company forecasts a positive net income for fiscal year 2012.