Lake Shore Gold Produces 44,600 Ounces in First Quarter 2014

Lake Shore Gold Corp. (LSG.TO)(NYSE MKT:LSG) -

• Gold production for the first quarter of 2014 of 44,600 ounces, almost double the 23,200 ounces produced in the first quarter of 2013
• Total mill throughput of 283,800 tonnes, a 44% increase from the same quarter in 2013
• Average grade of 5.1 grams per tonne, ahead of target levels and 34% higher than in the first quarter of 2013
• Company on track for full-year 2014 production of 160,000 to 180,000 ounces of gold
• Company repays approximately $3.7 million of debt in first quarter 2014 and makes $3.2 million interest payment on convertible debentures at end of March
• Cash and bullion of approximately $41.0 million at April 3, 2014.

Pilot Gold Raises $20,000,160 Through Bought Deal Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Pilot Gold Inc. (PLG.TO) ("Pilot Gold" or the "Company") is pleased to announce that it has completed its previously announced bought deal financing for aggregate gross proceeds of C$20,000,160 (the "Offering").

Lead underwriters National Bank Financial Inc. and Scotiabank, along with Haywood Securities Inc., BMO Capital Markets, Canaccord Genuity Corp., CIBC World Markets Inc., Cormark Securities Inc., and Macquarie Capital Markets Canada Ltd. purchased, on a bought deal basis, 13,072,000 common shares of the Company ("Common Shares") at a price of C$1.53 per Common Share the ("Issue Price").

Cayden drills 20m of 1.7 g/t Au at Azteca and adds second drill to the Peña de Oro gold target

Cayden Resources Inc. (CYD.V) (CDKNF) ("Cayden" or the "Company") is pleased to announce that it has received the final drill results from its initial phase of drilling at Azteca and has added a second drill rig to its Peña de Oro drilling program.

Hole 41, the last hole drilled at Azteca, intersected 20 meters averaging 1.70 g/t Au and each of the last 4 holes intersected the targeted mineralized structures. Throughout the Azteca drilling, the structures appeared to have increasing copper grades at depth associated with chalcopyrite mineralization. Please see the plan map at www.caydenresources.com for drill hole locations.

Bob Moriarty
Archives
Mar 25, 2014

I first wrote about Cayden Resources (CYD-V) in May of 2013. The full report can be found here. CYD was $.72 a share then and it went higher to $1.80 by September. Then it got caught up in the general crash of resource shares and dropped to $.96 in mid-December. I talked about the company again in a piece I wrote at the end of November. The price of Cayden was $1.10 when I wrote, dropped slightly and as I predicted began a major advance to $1.99 last week. In either case, if you listened to me and made an investment, you have had a wonderful opportunity to profit.

[ Read The Whole Article ]