Galway intersects 19.0 meters of 18.9 g/t gold at new California south extension; infill hole returns 42.0 meters of 6.8 g/t gold

Galway Resources Ltd. (GWY: TSX-V) announced today assay results from 18 drill holes on the new Machuca extension at the Company's California gold-silver property in Colombia, and also provided results for the infill drilling of 42 drill holes. The property is located adjacent to, and on strike with, the La Bodega/La Mascota deposit (acquired for $1.5 billion by AUX Canada), and also includes a land parcel that is 360 meters-long and appears to be directly within AUX's La Mascota mineralized structure. Given the successful results seen at Machuca, Galway has deferred completing its initial resource estimate in order to incorporate the Machuca results into the estimate.

Published: 09 May 2012

Written by Editor

Results Received from Core Drilling at Belk Project, South Carolina Include 29.1 Meters of 2.35 g/MT Gold from Surface

Firebird Resources Inc. (FIX) is pleased to announce that results have been received from four core holes totalling 718 meters completed at the Belk Project in Lancaster County, South Carolina in the Fall of 2011. Analysis of the drill core supports a structural control to mineralization with gold associated with steeply dipping structures. Gold mineralization is commonly present in the apparent total absence of veins or fracture coatings and may be associated with higher pyrite content, although there is not an overall correlation between pyrite and mineralization. There are some thin quartz veins, in some mineralized intervals and where present these contain sulfides. These quartz veins appear to be related to the gold mineralization. Other thin quartz veinlets at depth are not typically mineralized, but contain anomalous As, Mo, Pb, Ag, and Sb. It is unlikely that the mineralization is confined to a very narrow, near surface, zone because gold is present over a broad area as indicated by drill and soil sample results.

Published: 09 May 2012

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TSX Venture Mining Drill Results Up on News Interesting News

Endeavour Silver Reports Record Adjusted Earnings for Q1, 2012, Up 35% to $19.6 Million Compared to Q1, 2011; Revenues Up 39% to $49.0 Million, Cash Flow Up 96% to $28.8 Million

The Company reported record adjusted earnings (a non-IFRS measure) of $19.6 million ($0.22 per share) in the First Quarter, 2012. Net earnings (an IFRS measure) were $19.8 million and operating cash-flow was $30.0 million from revenues totaling $49.0 million. Silver sales averaged $33.10 per ounce (oz) and the cash costs of production were $6.26 per oz net of gold credits, generating a gross margin of $26.84 per oz of silver produced in Q1, 2012.

Published: 08 May 2012

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TSX Mining Financial Results Up on News Interesting News

Richmont Intercepts 6.40 g/t Au Over 52.8 Metres in Wasamac Main Zone, and Announces Five Focus Areas to Improve Project Economics

Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC), ("Richmont" or the "Corporation") is pleased to announce results from more than 10,000 metres of drilling on its Wasamac property (the "Property") and 4,000 metres on the adjacent Globex option.

Greg Chamandy, Executive Chairman of Richmont Mines, commented: "We are very pleased to report that drilling at Wasamac continues to yield very promising results, reinforcing our belief that the Wasamac property has great future potential for Richmont and its shareholders. We look forward to improving the economics of the project by means of five key focus areas, and maintain our belief that Wasamac has the potential to catapult Richmont into the intermediate producer category.

Published: 08 May 2012

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TSX Mining Drill Results Down on News Interesting News

Almaden Hits 29.45 Meters of 3.21 g/t Gold and 136.3 g/t Silver (5.9 g/t AuEq) on Main Ixtaca Zone

Almaden Minerals Ltd. ("Almaden" or "the Company") (AMM.TO - News)(AAU - News) is pleased to announce further results from the on-going 4 drill exploration program on the Company's 100% owned Tuligtic project, Mexico with holes TU-12-96, TU-12-98 and TU-12-106 to 125. Holes TU-12-98, 109, 113 and 116 were drilled on the Northeast Extension Zone. Holes TU-12-110, 114, 118,119 and 122 were drilled into the Ixtaca North Zone. The remainder of the holes reported in this release were drilled into the Main Ixtaca Zone with holes TU-120, 123 and 124 from infill sections spaced at 25 meters from previous 50 meter spaced sections. Holes TU-12-108, 111, 117 and 121 on sections 10750 and 10800 demonstrate continuity of the Main Ixtaca Zone up-dip and along strike to the northeast. Highlights from the current group of assays include the following intercepts (a more complete list of intercepts is shown in the table below):

Published: 07 May 2012

Written by Editor

TSX Mining Drill Results Down on News Interesting News

Galway Resources Ltd ( GWY )

Galway intersects 19.0 meters of 18.9 g/t gold at new California south extension; infill hole returns 42.0 meters of 6.8 g/t gold

Firebird Resources Inc ( FIX )

Results Received from Core Drilling at Belk Project, South Carolina Include 29.1 Meters of 2.35 g/MT Gold from Surface

Endeavour Silver Corp ( EDR )

Endeavour Silver Reports Record Adjusted Earnings for Q1, 2012, Up 35% to $19.6 Million Compared to Q1, 2011; Revenues Up 39% to $49.0 Million, Cash Flow Up 96% to $28.8 Million

Richmont Mines Inc ( RIC )

Richmont Intercepts 6.40 g/t Au Over 52.8 Metres in Wasamac Main Zone, and Announces Five Focus Areas to Improve Project Economics

Almaden Minerals Ltd ( AMM )

Almaden Hits 29.45 Meters of 3.21 g/t Gold and 136.3 g/t Silver (5.9 g/t AuEq) on Main Ixtaca Zone