GoGold Closes US$35,000,000 Financing With Orion Mine Finance

GoGold Resources Inc. ( TSX:GGD.TO ) ("GoGold") is pleased to announce the closing of the US$35 million equity and debt financing with Orion Mine Finance, the details of which were previously announced in news releases dated July 12, 2013 and September 18, 2013.

On closing, the credit agreement and the off-take agreement both became effective. Orion Mine Finance has funded the first tranche under the credit agreement in the amount of US$15 million and has also acquired 4,693,563 common shares of GoGold ("Common Shares") and 2,000,000 Common Share purchase warrants on the terms previously announced.

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Colombian Mines Drills More High Grade Mineralization With Multiple Intercepts To 14.23 g/T Gold Equivalent Over 3.3 Meters, Extends Mineralization 100 Meters Down Dip With No Limits On Extension

Colombian Mines Corporation (TSX VENTURE:CMJ)(X6C.F) ("Colombian Mines" or the "Company") is pleased to report drilling has intersected mineralization grading to 14.23 g/T Au Eq. over 3.25 meters within broader zones of mineralization grading to 2.09 g/T Au Eq. over 45.8 meters in hole D13-07 at the Company's El Dovio project. Holes D13-06 and D13-08 also intersected similar mineralization as reported below. Importantly, this drilling confirms the down dip continuity and extension of high grade gold, silver, copper mineralization in the Sabana Blanca zone down dip at least 100 meters below outcrop and shows the mineralization remains open to extension both along strike and at depth. 

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Endeavour Silver Raises 2013 Production Guidance to 6.0 Million oz Silver and 68,000 oz Gold or 10.0 Million oz Silver Equivalents, No Change in Cash Cost Guidance

Endeavour Silver Corp. (EXK)(EDR.TO) today announced updated production guidance for 2013. Endeavour is a mid-cap silver mining company that owns and operates three underground silver-gold mines in Mexico, the Guanaceví mine in Durango state and the Bolañitos and El Cubo mines in Guanajuato state.

Endeavour's silver production in 2013 is now forecast to total 6.0 million ounces (oz), up 20% from previous guidance of 5.0-5.3 million oz, and a 34% increase over 2012. Silver production for H1, 2013 was approximately 3.0 million ounces.

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Ascot Resources Intersects 10 Meters of 33.66 Grams Per Tonne Gold at Premier

Ascot Resources Ltd. (TSX VENTURE:AOT) -

Highlights of Release:

  • Drilling continues to expand and confirm property potential for bulk tonnage and higher grade underground gold/silver targets.
  • Results reported for first 26 holes of the 2013 drilling campaign.
  • Drilling will continue with three drill rigs until the end of the season.
  • Company receives $1,189,500 from the exercise of warrants.

Ascot Resources Ltd. (the "Company) is pleased to announce that wide zones of gold and silver mineralization continue to be encountered in all target areas of the Premier and Dilworth properties.

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Teuton Resources Corp.: Remaining Interest in Tennyson Property Sold to Brigade for $7 Million

Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO)(TFE.F)(TEUTF) is pleased to announce the sale of its remaining interest in the Tennyson property to Brigade Holdings Ltd. ("Brigade") for $7 million, being $500,000 plus $6.5 million in subscription receipt units (shares and warrants) of Brigade. The agreement closed yesterday, September 9, 2013, and both cash and subscription rights have been received.

Brigade will own 100% of the Tennyson property plus the neighbouring Tide property. Teuton will have a 29% interest in Brigade, being the largest of several shareholdings in the company.

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