"The Cortez Trend contains a major gold endowment that exceeds 40 million ounces total gold produced, reserves and resources."

The company highlights an after-tax NPV $192 million and IRR 37%.

"We are extremely encouraged by these early drilling results, as they appear to confirm our original geologic interpretation of the significant iron mineral resource potential at Lac Virot."

The new $1.0 billion term loan, a three-year term loan that will mature on August 10, 2015, has no mandatory amortization payments.

In June, Shanghai Richstone provided $2 million, representing the initial portion of the Financing to the Company, in exchange for 5,405,405 common shares in the capital of Sunridge.

For the three months ended June 30, 2012, it has recorded a net loss US$13,610,824 or US$0.09 per share compared to a net loss of US$7,568 or US$0.00 per share for the same period in 2011.

A total of 11.8 million warrants, the original exercise price of which was $0.35, have been re-priced at $0.15 per share and been given a 12 month extension.

The company announced today its pilot program geared at establishing the feasibility of a 250 ton per hour commercial mining operation at the Nick Mine is underway.

Announced that it has increased the size of its previously announced public offering, on a bought deal basis, to $90 million.

Orvana Minerals announced today that Mr. Ronald Simkus is resigning from Orvana's board of directors effective August 17, 2012.

Average gold recoveries of nearly 80% in static columns show there is good potential to use heap leach cyanidation to process Rojo Grande mineralization.

Revenue increased by 20% from $128.4 million in the six months ended June 30, 2011 to $154.1 million in the six months ended June 30, 2012.