Cascadero has entered into an option agreement with OZ Minerals, the agreement enables OZ to earn up to a 75% interest in Cascadero's Centenarito claims
The agreement gives Sand Gold an 80% undivided interest in all precious metals produced by Canadian Arrow's properties which includes silver and gold, but excludes platinum and palladium.
The company, in regards to its Colombian mine, expects to meet production rates a year early and projects that it will require an aditional $400,000 in funding.
Altius Minerals reported a net loss attributable to common shareholders of $4.6 million for the year. Altius previous year's earnings included the sale of an iron ore project to Alderon Iron Ore Corp.
In hopes of holding $120 million in cash by December 31, 2012, Sabina has announced a bought deal financing of 10,345,000 flow-through common shares at $2.90 per share.
The company poured and shipped 1,464 gold ounces in the month of May achieving more than half of its monthly target production rate within the first two full months of production.
