Eagle Mountain Gold Corp. Acquires 100% of Eagle Mountain Property

Eagle Mountain Gold Corp. ("Eagle Mountain" or the "Company") (TSX-V:Z) (E9X.F) (SDMTD) disclosed today that Omai Gold Mines Ltd. ("OGML"), a 95% owned subsidiary of IAMGOLD Corp., has acquired 3,236,246 shares of the Company, increasing its total ownership to 14.93%.

The transaction follows the exercise of an option held by Eagle Mountain to acquire from OGML the remaining 50% interest in the advance-stage Eagle Mountain gold property in Guyana, which hosts a near-surface gold deposit of 188,000 indicated and 792,000 inferred gold ounces with considerable potential for expansion.

Published: 11 February 2013
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Metanor Produces 2,236 oz of Gold in January at its Bachelor Project

Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to release an update regarding the current development of its Bachelor project.

Metanor produced 2,236 oz. of gold in January, compared to 1,718 oz. in December, bringing the total production since July 2012 to 10,111 oz. of gold. The ounces produced in January come from 13,871 tonnes of ore grading 5.18 grams per tonne recovered at 96.8%. This 30% increase of ounces in one month is related to the start up of more production stopes in January. The average monthly grade was lower than December because of the mining of one stope at a lower grade. The average monthly grade in February is expected to be higher than January.

Published: 07 February 2013
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Seafield Drills 57.3 m at 1.29 g/t Au and 1.69 g/t Ag, Including 15.5 m at 2.63 g/t Au and 2.61 g/t Ag

Seafield Resources Ltd. ("Seafield" or "the Company") (TSX VENTURE:SFF) is pleased to announce assay results from 5 drill holes carried out as part of the ongoing 6,800-metre infill diamond drilling program at the Company's Miraflores Deposit in the Quinchía District, Department of Risaralda, Colombia.

Highlights:

  • Drill hole QM-DH-47 intersected 57.3 m of 1.29 g/t Au and 1.69 g/t Ag, including 15.5 m of 2.63g/t Au and 2.61 g/t Ag;

Cayden Resources Sells a Fraction of its Morelos Sur Gold Concession for $15.7 million

Cayden Resources Inc. (TSX VENTURE:CYD) ("Cayden" or the "Company") is pleased to announce the sale by Cayden's Mexican subsidiary LC Mines, S.A. de C.V. ("LCM") of two blocks of the eastern portion (15%) of its Morelos Sur Concession "Morelos East Concession" to Desarrollos Mineros San Luis, S.A. de C.V. ("DMSL"), Goldcorp's subsidiary which owns and operates the adjacent Los Filos mine in Guerrero State, Mexico.

The sale represents a total of 2,492 hectares of Cayden's 17,076 hectare concession for a total cash consideration of $15,744,000 USD plus a royalty to Cayden, of which 50% of the cash will be paid on or before February 28, 2013 and the balance to be paid once the subdivided titles of the Morelos East Concession are registered in the name of DMSL.

Published: 01 February 2013
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Endeavour Silver Forecasts Ninth Consecutive Year of Production Growth, El Cubo Mine Capital Projects Well Underway for Completion in Q2, 2013

Endeavour Silver Corp. (TSX:EDR)(NYSE:EXK)(FRANKFURT:EJD) announces that it is forecasting its ninth consecutive year of production growth for 2013. The Company owns and operates three underground, silver-gold mines in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State.

Production Outlook

Endeavour's silver production in 2013 is forecast to rise 12-18% to 5.0-5.3 million ounces (oz) and gold production is anticipated to increase 19-27% to 46,000-49,000 oz as shown in the table below. Silver equivalent production is expected to climb 14-22% to 7.3-7.8 million oz (at a silver:gold ratio of 50:1).

Published: 30 January 2013
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