Santacruz Silver Announces US$28.4M Silver Prepay Agreement

VANCOUVER, Sept. 18, 2014 - Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (TSX.V:SCZ.V - News) is pleased to announce that it has entered into a US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC  to sell 4,635,000 ounces of silver through August 2019, subject to certain adjustments relating to metal prices.  In addition to US$ 28.4 million that will be paid to the Company up front upon satisfaction of certain conditions, at the time of each delivery the Company will receive an amount per ounce of silver equal to the market price at the time, less a fixed discount. It is anticipated that the upfront payment will be advanced within the next two weeks.  Under the agreement, the Company maintains the upside on the silver price.

Read more: Santacruz Silver Mining Ltd ( SCZ )

TerraX Drills 2.85 m @ 33.60 g/t Au, 3.07 m @ 13.84 g/t Au and 5.10 m @ 7.01 g/t Au Near Surface at Crestaurum, Yellowknife City Gold Project

YELLOWKNIFE, NORTHWEST TERRITORIES ( Sep 15, 2014) - TerraX Minerals Inc. (TSX VENTURE:TXR)(TX0.F)(OTC PINK:TRXXF) has received assay results from nine holes (810.5 m) drilled during the recently completed summer drill program on the Crestaurum deposit, one of numerous gold occurrences on the Northbelt Property, Yellowknife City Gold Project. High-grade gold was intercepted near surface in several holes, with mineralized intersections encountered from as little as 5 metres to no more than 70 metres vertically below surface. Highlights include:

  • 2.85 m @ 33.60 g/t Au in hole TNB14-019,
  • 3.07 m @ 13.84 g/t Au in hole TNB14-015; and
  • 5.10 m @ 7.01 g/t Au in hole TNB14-022
Read more: TerraX Minerals Inc ( TXR )

Wesdome Gold Mines Ltd. - New 7 Zone opens up at depth drill hole EU-756 intersects 89.94 gAu/tonne over 2.32 metres true width

TORONTO , Sept 15, 2014 - Wesdome Gold Mines Ltd. (WDO.TO) is pleased to announce promising drill results from the new 7 Zone located 200 metres north and parallel to the main producing 8 Zone structure at its100%-owned Eagle River Mine, located 50 km due west of Wawa, Ontario .

Highlights include the following consecutive holes:

  • EU-753       30.54 gAu/tonne over 1.42 metres true width
  • EU-754       28.33 gAu/tonne over 3.13 metres true width
  • EU-755       16.48 gAu/tonne over 2.19 metres true width
Read more: Wesdome Gold Mines Ltd ( WDO )

Decade Resources Ltd. - 39.43 g/t gold over 12.66 m intersected in second discovery zone

STEWART, BC, Sept. 11, 2014 - Decade Resources Ltd. ("Decade") reports that it is has received assays for the second diamond drill hole completed in 2014 on the Bow Property. To date the Company has completed 6 drill holes in this year's program. Highlights of assays for the second hole include the following:

Drill Hole
#

Azimuth
(degrees)

Dip
(degrees)

From (m)

To (m)

Width (m)

Au g/t

DDH-14-
Bow-2

270

- 45

31.55

44.21

12.66

39.43

including

   

37.96

44.21

6.25

69.65

Read more: Decade Resources Ltd ( DEC )

Roxgold Intercepts 39.6 Grams Per Tonne Gold Over 4.54 Metres and Discovers New Structure in Drilling at Bagassi South

Infill and Expansion Drilling Confirms High Grade Gold Mineralization at QV1 Target, extends strike length of QV Prime target to over 100 metres and intersects new hanging wall structure

TORONTO, Sept. 8, 2014- Roxgold Inc. (ROG:TSX.V) ("Roxgold" or the "Company") is pleased to announce the results of its recently completed exploration program at Yaramoko's prospective Bagassi South Zone, where it has continued to intersect high grade gold mineralization.  Results of this regional exploration program also include diamond drilling at the 109 Zone and Reverse Circulation ("RC") drill results from the Boni Shear and Haho areas where broad anomalous gold values were encountered in first pass drilling.

Read more: Roxgold Inc ( ROG )