Wide Zone of High Grade Mineralization Intercepted in Deep Underdog Zone

 

TORONTO, ONTARIO--(July 19, 2017) - Osisko Mining Inc. (TSX:OSK) ("Osisko" or the "Corporation") is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Québec. The current 400,000 metre drill program combines definition drilling above the Red Dog intrusion ("Red Dog"), expansion drilling above and below Red Dog, and expansion/definition drilling in the Lynx deposit located immediately to the NE of Windfall. Significant new assays from twenty-eight intercepts in thirteen drill holes focused on infill and expansion drilling in the Underdog Zone of the Windfall deposit are reported in the table below.

MONTREAL, QUEBEC--(July 17, 2017) - Beaufield Resources Inc. ("Beaufield") (TSX VENTURE:BFD) is pleased to announce that Melkior Resources Inc. (TSX VENTURE:MKR) has agreed to sell and transfer to Beaufield an undivided 50% interest in the Launay gold property (the "Property"), so that Beaufield will have thereafter an undivided 100% interest in the Property.

 

Under the terms of the purchase agreement, Beaufield has purchased a 50% interest in the Property for $125,000 in cash and the issuance of 2,500,000 of its common shares subject to a four month hold period. Melkior also retains a 1.5% net smelter royalty ("NSR") on the Property with a buyback provision for half of such royalty (i.e. 0.75%) by Beaufield for $750,000. The transaction is subject to approval by the TSX Venture Exchange.

 

The Property is located in Launay township, in the Abitibi Greenstone Belt in Quebec. Several gold zones have been defined by historical work over a 3 kilometre trend on the property. In 2013, a drill program on one of these zones identified wide intersections of gold mineralization located near surface:

 

3.92 g/t gold over 13.40 metres in hole LAY-15-2013 (January 13th, 2014 Melkior's news release) 

6.20 g/t Gold over 10.50 metres in hole LAY-20-2013 (February 18th, 2014 Melkior's news release) 

4.04 g/t gold over 15.52 metres in hole LAY-21-2013 (March 18th, 2014 Melkior's news release).

VANCOUVER, BRITISH COLUMBIA--(July 17, 2017) - Editors Note: There is a photo associated with this press release.

 

Auryn Resources Inc. (TSX:AUG)(NYSE MKT:AUG) ("Auryn" or the "Company") is pleased to announce it has initiated a 15,000 meter exploration drill program on the Homestake Ridge gold project located within the Golden Triangle in northwestern, British Columbia. 

 

Shawn Wallace, Auryn's CEO, commented, "With the commencement of this drill program, Auryn now has two discovery drill programs running simultaneously. These programs further increase the potential for major discoveries in some of the most prolific high grade gold regions within Canada.

 

Mr Wallace further stated, "Surface exploration programs are ongoing in Peru and drilling is anticipated to commence in Q4, once the Canadian drilling is complete."

VANCOUVER, BC--(July 13, 2017) - GoldQuest Mining Corp. (TSX VENTURE: GQC)(FRANKFURT: M1W)(BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to report assay results from the latest 4-hole batch of drill holes from its ongoing Tireo exploration drill program. The program is focused on identifying new gold systems and defining the extents of the mineralization at the recent Cachimbo Volcanogenic Massive Sulphide (VMS) Discovery. All drilling occurs within the Company's 100% owned Tireo Concessions, which hosts the multi-million ounce Romero Project in the Dominican Republic.

 

Highlights:

TIR-17-32 intersected 31.6 metres of 3.89 g/t AuEq, 3.16 g/t gold with higher grade sections including: