Posts by Marketwire:

Peregrine Diamonds acquires Botswana-based explorer

Lucara Diamond Corp.: development of AK6 diamond mine passes half way point and remains on time and within budget

Lucara Diamond provided an update on the development of its 100% owned AK6 diamond project in Botswana. The AK6 mine, to be commissioned by year end, will ramp up to full production in early 2012 to deliver over 400,000 carats of high quality diamonds in its first year of operation. As at the end of May there were over 400 construction crew members on site and a total of 326,000 hours worked. With the overall project execution at 64% the project remains on target for process plant commissioning to commence in the Q4 of this year. Engineering is now 91% complete; procurement is at 81%; fabrication and delivery at 55%; and construction at 39% complete.
Marketwire | June 27, 2011 | 3:32 pm

Silver Quest announces 4.0 metres averaging 165.4 g/t Au in step-out drilling at Davidson gold oroject, BC

Silver Quest Resources reported drill results from 22 holes (BW 149 through BW 170) received from the ongoing 20,000 metre drill campaign to expand the resources on the Davidson Gold Project, a joint venture with New Gold Inc., which is the operator of the joint venture. Silver Quest has a 25% interest in the joint venture. The project is approximately 110 kilometres southwest of Vanderhoof, BC.
Marketwire | June 27, 2011 | 3:20 pm

Minera Andes reports drill results and development update for the Los Azules copper project

Minera Andes announced drill assay results from the January – May 2011 drill program and a development update for the 100% owned Los Azules Copper Project, in San Juan Province, Argentina. Highlights from the recent drilling include a step-out drill hole, located approximately 250 meters west of the resource that returned 0.50% copper over 269 meters, including 0.95% copper over 45 meters. Infill drilling was generally in line with expectations, for example intersecting 0.66% copper over 395 meters and 0.63% copper over 237 meters.
Marketwire | June 27, 2011 | 3:08 pm

Calibre drills 9.31 g/t gold and 336.06 g/t silver over 3.90 metres at the Riscos De Oro gold-silver property

Calibre Mining announced final assay results for the completed 9 hole, 2500 metre diamond drill program at its 100% owned Riscos de Oro gold-silver property in north east Nicaragua. The results are highlighted by hole RD11-016 that intersected 3.61g/t gold and 518.44g/t silver over 3.68 metres (14.41 g/t AuEq1,2) and hole RD11-017 that intersected 9.31 g/t gold and 336.06 g/t silver over 3.90 metres (16.31 g/t AuEq1,2). Read the full news release here. Photo is from Calibre Mining.
Marketwire | June 27, 2011 | 3:03 pm

Iberian Minerals announces closing of $76 million financing

Iberian Minerals Corp. today announced that it has closed its previously announced underwritten offering of 84,444,500 registered shares at a price of $0.90 per share for gross proceeds of $76,000,050. The shares sold today included the exercise in full of a 15% over-allotment option previously granted to the underwriters.
Marketwire | June 24, 2011 | 11:08 pm

Diamonds North announces flow-through financing

Diamonds North Resources announced a non-brokered private placement to raise up to $750,000 through the sale of flow-through shares at a price of $0.16 per share, subject to TSX Venture Exchange approval. Finders' fees of 5% may be payable on a portion of the placement. The proceeds from the private placement will be used to finance work on the company's exploration projects in Northern Canada.
Marketwire | June 24, 2011 | 9:14 pm

Western Copper announces intention to spin out assets to shareholders

Western Copper Corporation announced that its Board of Directors has unanimously approved a proposal to undertake a spin-out transaction that would reorganize the business and capital structure of the Company into three separate public companies to allow Western Copper to focus on the development of its flagship Casino copper/gold/silver/molybdenum project.
Marketwire | June 24, 2011 | 9:11 pm

Prophecy coal releases Q1-2011 results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2011) - Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) has filed today its interim financial results for the first quarter ended March 31, 2011. The interim condensed financial statements and accompanying Management's Discussion and Analysis ("MD&A") are available on the Company's website at www.prophecycoal.com and on SEDAR at www.sedar.com.
Marketwire | June 24, 2011 | 6:08 pm

Dynacor Gold Mines has best month of production in company’s history

Dynacor Gold Mines Inc. (TSX:DNG) is pleased to provide a second quarter operations update. In the month of May, Dynacor produced from its custom milling plant a historic best of 4,183 ounces of gold (representing more than 50,000 ounces on an annualized rate). Furthermore, during Q1-2011 the company, using cash directly generated from operations, optimized the plant's yield at the current capacity of 180 tpd (tonnes per day). The expansion program, which included installation of an additional cyanidation tank and a 90 tpd ball mill, will facilitate a capacity increase from 180 tpd to just over 200 tpd during the 2nd part of 2011.
Marketwire | June 24, 2011 | 6:14 am

Western Copper to spin out assets into three public companies

Western Copper Corporation (TSX:WRN)(NYSE Amex:WRN) announced that its Board of Directors has unanimously approved a proposal to undertake a spin-out transaction that would reorganize the business and capital structure of the company into three separate public companies to allow Western Copper to focus on the development of its flagship Casino copper/gold/silver/molybdenum project.
Marketwire | June 24, 2011 | 6:06 am