Maya Gold & Silver Announces First Silver Pour at Zgounder Silver Mine

BLAINVILLE, QUEBEC--( Aug 28, 2014) - Maya Gold & Silver Inc. ("Maya" or the "Corporation") (TSX VENTURE:MYA) is pleased to announce its successful first silver pour at the Zgounder Silver Mine. Zgounder Millenium Silver Mining ("ZMSM"), the 85% owned joint venture with l'Office National des Hydrocarbures et des Mines ("ONHYM") of the Kingdom of Morocco (15%) produced 234.5 kilos of silver from 20 ingots grading between 90-97% Ag. The ingots were poured on August 25 at the Zgounder Silver Mine in Morocco during the ramp-up period.

Highlights :

  • The pouring is the result of 17 days of operation of which 10 days were dedicated to mechanical testing with low grade mineralized material averaging approximately 50 g/T Ag and 7 days of operation with mineralized material from "ancient stockpiles" on hand.
Read more: Maya Gold & Silver Inc ( MYA )

Asanko Gold Eliminates 2% NSR Royalty

VANCOUVER, BRITISH COLUMBIA--(Aug 26, 2014) - Asanko Gold Inc. ("Asanko" or the "Company") (AKG.TO)(NYSE MKT:AKG) announces that it has entered into a settlement agreement ("Agreement") with a private Ghanaian company, Goknet Mining Company ("Goknet"), to eliminate Goknet's claim for a 2% net smelter return ("NSR") royalty on Phase 1 of the Company's flagship Asanko Gold Mine Project ("AGM" or the "Project").

The only material royalty now applicable to Phase 1 of the Project is the Government of Ghana's 5% NSR royalty.

The financial terms of the Agreement are confidential, however they are not considered material to Asanko. The settlement involves cash, one million Asanko shares and the transfer to Goknet of two non-material exploration projects, Kubi and Diaso. Included in the agreement the Company will retain a right to match any future offer made to Goknet with respect to a disposal of the Diaso Project concessions.

Read more: Asanko Gold Inc ( AKG )

TerraX Drills 22.42 m @ 6.35 g/t Au, Inclusive of 5.16 m @ 18.40 g/t Au, at Barney Shear Zone, Yellowknife City Gold Project

YELLOWKNIFE, NORTHWEST TERRITORIES--(Aug 25, 2014) - TerraX Minerals Inc. (TSX VENTURE:TXR)(TX0.F)(TRXXF) has received assay results from the first five of the 14 holes drilled this summer on the Northbelt Property, Yellowknife City Gold Project ("YCGP"). These five holes (1,172 m) were drilled at the Barney Shear target, up dip of mineralized zones intersected in 1995/96 drill programs conducted by Nebex Resources Ltd. and reported by TerraX on August 14 and November 14, 2013. This drilling intercepted and extended the previously reported mineralized zones up dip; highlights include:

  • 22.42 m @ 6.35 g/t Au, inclusive of 5.16 m @ 18.40 g/t Au, in hole NB95-16W1 and
  • 45.71 m @ 1.56 g/t Au, inclusive of 15.73 m @ 3.73 g/t Au, in hole NB96-16W3
Read more: TerraX Minerals Inc ( TXR )

Argonaut Gold Announces San Agustin Resource of 845,000 Gold Ounces and 28.3 Million Silver Ounces (1,280,000 Gold Equivalent Ounces)

TORONTO, ONTARIO--(Aug 22, 2014) - Argonaut Gold Inc. ("Argonaut", "Argonaut Gold" or the "Company") (AR.TO) announced today that the Company has a resource estimate resulting from the first phase of a multiple phase drill program at its 100% owned San Agustín project located 10 kilometres from Argonaut's El Castillo Mine ("El Castillo") located in Durango, Mexico.

The San Agustín pit constrained indicated resource now stands at 845,000 gold ounces and 28,263,000 silver ounces contained in 82.2 million tonnes of material at a grade of 0.32 grams per tonne ("g/t") gold and 10.7 g/t silver, for a total of 1,280,000 gold equivalent ounces.

Read more: Argonaut Gold Inc ( AR )

Argentex Increases Pingüino Silver-Gold Project Mineral Resource Estimate to 26.7 Million Ounces Ag Eq. @ 132.3 g/t Ag Eq. Indicated and 7.0 Million Ounces Ag Eq. @ 98.0 g/t Ag Eq. Inferred.

VANCOUVER, BRITISH COLUMBIA--( Aug. 21, 2014) - Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(AGXMF) is pleased to announce the results of the updated National Instrument ("NI") 43-101 compliant Mineral Resource Estimate (the Report) undertaken by Mine Development Associates ("MDA") of Reno, Nevada. This Report incorporates drilling and trenching results from 2013 on the Company's 100%-owned Pingüino Silver-Gold Project, located in Santa Cruz province, Argentina.

Highlights:

  • Increase in indicated category Ag eq. ounces by 13% (3.0 million additional Ag Eq. ounces to a total of 26.7 Million Ounces Ag Eq. @ 132.3 g/t Ag Eq)
Read more: Argentex Mining Corporation ( ATX )