Keegan Welcomes Highland Park Group as Strategic Investor and Recruits Highly Experienced Management Team for Development of Esaase Gold Project

 
Highlights:
--  Strategic alliance and financing with Highland Park raises an initial
    $32.5 million, with $37.8 million further investment potential.
    Significantly adds to Keegan's existing $186 million treasury. 
--  Appointment of experienced mine builders: Mr. Peter Breese as President
    and Chief Executive Officer ("CEO") and Mr. Tony Devlin as Chief
    Operating Officer ("COO"). Mr. Breese and Mr. Devlin's extensive record
    of mine development in Africa significantly de-risks the successful
    construction and operation of an efficient modern gold mine.

Keegan Resources Inc. (TSX:KGN)(NYSE MKT:KGN)(NYSE Amex:KGN) ("Keegan" or the "Company") is pleased to announce that it has arranged a private placement with Highland Park S.A. ("Highland Park") of Johannesburg, South Africa and some other investors.

Read more: Keegan Resources Inc ( KGN )

Argentex Intersects 5 m @ 355.2 g/t Ag and 18.66 g/t Au at Pinguino

 
Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCQB:AGXMF) is pleased to announce results from the remaining 32 holes (2,751 m) of the Phase VIII reverse-circulation ("RC") drill program conducted at its 100%-owned silver-gold and polymetallic Pingüino Project, located in Santa Cruz province, Argentina. With this release, all holes from the 93-hole (8,410 m) RC drill program, completed in June 2012, have been announced.

Drill Hole Highlights from Final 32 holes:

Savary Vein: Hole: PR224-12: 30 m @ 192.5 g/t Ag and 3.65 g/t Au
  Including: 3 m @ 1,156.3 g/t Ag and 3.63 g/t Au
  and 5 m @ 355.2 g/t Ag and 18.66 g/t Au
Marta Sur: Hole PR177-12: 19 m @ 272.5 g/t Ag and 0.41 g/t Au
  Including: 5 m @ 767.2 g/t Ag and 0.57 g/t Au

 

Read more: Argentex Mining Corporation ( ATX )

Fortuna reports record production of 1,027,741 ounces of silver and 5,348 ounces of gold for the third quarter 2012

Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F) announces production figures for the third quarter of 2012 from its two 100% owned operating underground mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru.

For the third quarter of 2012, the company produced 1,027,741 ounces of silver and 5,348 ounces of gold plus significant base metal by-product. Silver and gold productions for the first nine months of the year totaled 2,977,025 ounces and 16,331 ounces respectively; reflecting 80% and 94% of the company's 2012 annual production guidance (see Fortuna news release dated January 26, 2012). At this rate of production, Fortuna is on track to exceed its 2012 forecast of 3.7 million ounces of silver and 17,400 ounces of gold.

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Volta Resources intersects 55.85m @ 4.29g/t gold (uncut) at its Kiaka Gold Project in Burkina Faso and confirms strike and depth extent

Photo_Asset_1
Figure 1 - Kiaka Project Central Area Volta Resources Inc.

- also 128.0 meters at 1.43g/t gold, including 27.0 meters at 2.42g/t gold AND -
47.15 meters at 3.07g/t gold, including 15.0 meters at 8.19g/t gold

Volta Resources Inc. ("Volta Resources" or the "Company") (VTR.TO) announces additional results from the ongoing 2012 drilling program (Phase 4) on the Central Area at its Kiaka Gold Project in Burkina Faso .

Read more: Volta Resources Inc ( VTR )

Bayfield Ventures Corp. (TSX VENTURE:BYV) (OTCBB:BYVVF) (FRANKFURT:B4N) (the "Company") is pleased to announce additional high grade assay results from the continuing exploration of the east side of the Burns Block. The Company's 100% owned Burns Block gold-silver project is located in the Rainy River District of north-western Ontario and is situated adjacent to the east and on strike to Rainy River Resources' multi-million ounce gold-silver deposit.

Rainy River District Gold Zones: http://www.bayfieldventures.com/i/pdf/RR-Gold-Zones.pdf

Read more: Bayfield Drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at East Burns Block in the Rainy River...