Tower Drills 28.2 Metres of 2.72 Grams per Tonne Gold and Identifies New Style of Gold Mineralization Below Finn Zone at JD

Tower Resources Ltd. is pleased to report the results of three additional diamond drill holes from phase one drilling at its 100% controlled JD property in north central British Columbia.

Selected diamond drill highlights:

-Tower continues to demonstrate the near surface gold and silver mineralization characteristic of the Finn Zone at the JD property

-JD-12-009 intersected from surface; 18.0 metres of 1.74 grams per tonne (g/t) gold (Au) in a step out hole collared in the footwall to the Finn zone

Published: 19 September 2012
Written by Editor
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Read more: Tower Resources Ltd ( TWR )

Pilot Gold Reports 5.94 g/t Gold, 12.6 g/t Silver and 0.53% Copper Over 137.1 Metres at TV Tower

 
Pilot Gold Inc. (TSX:PLG) is pleased to report that the first two drill holes of the 2012 program at the Kucukdag (KCD) target at the TV Tower project in Turkey have returned long intervals of high grade gold, silver and copper. Highlighted is drill hole KCD-39, which returned 5.94 grams per tonne gold, 12.6 g/t silver and 0.53% copper over 137.1 metres, which extends the high-grade gold/silver/copper breccia zone in discovery hole KCD-02 over 50 metres to the south. Pilot Gold assumed operatorship of the project in July, 2012 (see press release dated June 21, 2012).
Published: 19 September 2012
Written by Editor
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Read more: Pilot Gold Inc ( PLG )

B2Gold Corp. and CGA Mining Limited Sign Merger Implementation Agreement for Business Combination

The Creation of a Growth-Oriented Mid Tier Gold Producer on a Global Scale

 B2Gold Corp. (TSX:BTO)(OTCQX:BGLPF)(PINKSHEETS:BGLPF)(NAMIBIAN:B2G) ("B2Gold") and CGA Mining Limited (TSX:CGA)(ASX:CGX) ("CGA") are pleased to announce that they have entered into a definitive Merger Implementation Agreement ("Merger Agreement") to combine the two companies at the agreed exchange ratio of 0.74 B2Gold common shares for each CGA share held, which represents a purchase price of approximately C$3.18 per CGA share and a premium of 22% using the 20 day volume weighted average share price of each respective company, and a 26% premium over the CGA closing share price on September 17, 2012 based on the closing price for the B2Gold shares as of such date. The transaction is valued at approximately C$1.1 billion.

Published: 19 September 2012
Written by Editor
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Read more: CGA Mining Limited ( CGA )

Sandstorm Gold Agrees to Purchase Precious Metals From Colossus Minerals

Sandstorm Gold Ltd. ("Sandstorm Gold" or the "Company") (TSX VENTURE:SSL)(NYSE MKT:SAND)(NYSE Amex:SAND) is pleased to announce that it has entered into a precious metals purchase agreement with Colossus Minerals Inc. ("Colossus") (CSI.TO) to purchase an amount of gold and platinum from the Serra Pelada Mine ("Serra Pelada") located in Para, Brazil.

Sandstorm Gold has agreed to purchase an amount equal to 1.5% of the gold and 35% of the platinum produced from Serra Pelada (the "Precious Metals Purchase Agreement"). Pursuant to this agreement, Sandstorm Gold will pay an upfront cash deposit to Colossus of US$60 million and ongoing per ounce payments equal to the lesser of US$400 per ounce of gold and the prevailing market price of gold, and the lesser of US$200 per ounce of platinum and the prevailing market price of platinum.

Published: 19 September 2012
Written by Editor
TSX Venture   Mining   Project Updates   Up on News   Interesting News  
Read more: Sandstorm Gold Ltd ( SSL )

Probe Mines Announces Additional Assay Results for Its Borden Lake Gold Project and Continued Expansion of Gold Mineralized Zones Including Up to 17 Metres of 3.0 g/t Au

Highlights:

  1. Endeavour Silver Corp ( EDR )
  2. ATAC Resources Ltd ( ATC )
  3. Riverstone Resources Inc ( RVS )
  4. Solvista Gold Corporation ( SVV )
  5. Waymar Resources Ltd ( WYM )
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