Excellon Resources Inc. (TSX:EXN ; "Excellon" or the "Company") and Lateegra Gold Corp. (TSX VENTURE:LRG ; "Lateegra") are pleased to announce that they have entered into an arrangement agreement (the "Agreement") pursuant to which Excellon will acquire all of the outstanding common shares (the "Lateegra Shares") of Lateegra (the "Transaction"). Highlights of the Transaction include:
Extorre Gold Mines Limited (TSX: XG)(NYSE Amex: XG)(FRANKFURT: E1R) ("Extorre" or the "Company") is pleased to announce high grade to bonanza grade gold-silver results from the first 3 of 21 diamond drill holes completed to date on a discovery named Zoe at Cerro Moro, Santa Cruz Province, Argentina. Visual inspection of the core, without the benefit of assays, suggests that drilling has just entered the mineralized zone and that mineralization continues at depth.
Assay highlights include:
MD1204 intersected 4.84 metres ("m") at 64.6 grams per tonne ("g/t") gold + 7,530 g/t silver (190.1 g/t gold equivalent(i)), including 1.36 m at 227.3 g/t gold + 25,428 g/t silver (651.1 g/t gold equivalent(i)).
Typhoon Exploration Inc. (TSX VENTURE:TYP) announces the addition of a 4th drill on the Fayolle Project, explored in partnership with Aurizon Mines Ltd.
Two drills are mobilized for definition drilling on the Fayolle Deposit in order to confirm its size and geometry. Two other drills have been allocated for the systematic exploration drilling program covering the Fayolle Property in order to test different targets and geophysical anomalies along a favourable corridor measuring 2.5 km long by 1.0 km wide, all while being open at depth.
David Mc Donald, President and CEO points out that 28 of the 29 drill holes completed in 2010 intersected significant gold values, making this campaign a true success.
Tahoe Resources Inc. ("Tahoe" or the "Company") (TSX: THO) is pleased to report today that the Company has closed its previously announced bought deal financing of 24,959,692 common shares (which includes the exercise in full of the over-allotment option of 3,255,612 common shares) at a price of C$14.10 per common share for aggregate gross proceeds to the company of C$351,931,657.
The common shares were sold pursuant to an underwriting agreement with a syndicate of underwriters led by GMP Securities L.P., and including BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc., Merrill Lynch Canada Inc., RBC Capital Markets, Dundee Securities Corporation and TD Securities Inc.
Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) ('Kirkland Lake Gold' or the 'Company'), an operating and exploration gold mining company located in Ontario, Canada, announces its second quarter fiscal 2011 results for the three months ended October 31, 2010. All amounts are in Canadian dollars, unless otherwise noted.
Mr. Harry Dobson, Chairman, commented:
"The second quarter demonstrated record gold production, earnings, and cash flow from operations as we increased the number of ore mining faces from the higher grade South Mine Complex. After meeting all operational costs, spending $15.5 million on capital costs and $1.8 million on exploration, total cash increased by $2.9 million in the quarter to $51.5 million."
