Stratton Resources Closes Previously Announced Private Placement

VANCOUVER, BRITISH COLUMBIA--(Feb. 27, 2017) -Stratton Resources Inc. (TSX VENTURE:SI) ("Stratton" or the "Company"), is pleased to announce that it has closed its previously announced non-brokered private placement of 20.3 million common shares at a price of CAD$0.65 per share (the "Offering"). Gross proceeds under the Offering were CAD$13,195,000. 
 
The Company intends to use the net proceeds for precious metal exploration on its projects in Newfoundland, further mineral property acquisitions and general corporate purposes.
 
The shares under the Offering will be subject to a four-month hold period and will not be registered in the United States. A 5% commission was paid on certain amounts placed by brokers totalling $377,042.
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Auryn trenches 53m at 1.75g/t Au at the Sombrero Project, Peru

VANCOUVER, BRITISH COLUMBIA--(Feb. 24, 2017) -Auryn Resources Inc. (TSX:AUG)(OTCQX:GGTCF) ("Auryn" or the "Company") is pleased to provide an exploration update from its Sombrero skarn-porhyry gold-copper oxide project located in southern Peru. Trenching results include 53 meters of 1.75g/t Au (including 14 meters of 5.23g/t Au) of oxide mineralization at the margin of a newly discovered 2.3 kilometer by 500 meter gold in soils anomaly (see Figure 1). True widths of these intervals have not yet been determined. In addition, the mineralized footprint of the Sombrero project was significantly expanded with selective grab samples returning up to 7.54g/t gold and 16.0 % copper in areas that have not been sampled historically (see Figure 2 and 3).
 
Chief Geologist and COO, Michael Henrichsen commented, "The results of our brief two week sampling campaign has expanded the known footprint of gold-copper mineralization to 4.5 kilometers by 4.2 kilometers which has increased the potential scalability of the mineralized system at Sombrero considerably. The discovery of high grade trench intercepts, cohesive gold in soil anomalies and newly identified mineralized skarn bodies within a limited area in the southern part of the project is an excellent start to our property wide exploration program planned for Q2, 2017."
Read more: Auryn Resources Inc ( AUG )

Asanko Gold Updated Resource and Reserve Statement

VANCOUVER, BRITISH COLUMBIA--(Feb. 24, 2017) - Highlights:
 
Measured and Indicated Resources of 7.34 million ounces at 1.44 g/t Au and Inferred Resources of 1.43 million ounces at 1.43 g/t Au, as at December 31, 2016
Mineral Resource Estimate includes updated constraining parameters, in line with best practice
Proven and Probable Mineral Reserves of 4.82 million ounces at 1.57 g/t Au, post Nkran mining depletion of 270,471 ounces, representing no material change to the global reserve inventory.
Increased exploration program in highly prospective belt expected to add additional ounces in 2017
 
Asanko Gold Inc. ("Asanko" or the "Company") (TSX:AKG)(NYSE MKT:AKG) today publishes updated Mineral Resource and Reserve Estimates, as at 31 December 2016, for the Asanko Gold Mine ("AGM"), located in Ghana, West Africa, as part of its annual filings. A technical presentation is also available on the Asanko website at: www.asanko.com.
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Durango Receives Offers On Windfall Gold Camp Property

Vancouver, BC / TheNewswire / February 24, 2017 - Durango Resources Inc. (TSX.V-DGO), (the " Company " or " Durango ") announces for disclosure purposes that it has received two offers this week on its Trove Property located in the Windfall Lake (Urban Barry) district of northern Quebec.
 
Durango 's 100% wholly owned Trove Property adjoins Osisko Mining (TSX-OSK) in the Windfall-Urban gold camp where Osisko is drilling a 400,000 metre program. The Trove also adjoins Beaufield Resources (TSX.V-BFD) which holds multiple projects in the area and cu rrently have drill programs underway.
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Auryn acquires second Greenstone belt with excellent gold exploration potential in Nunavut, Canada

VANCOUVER, BRITISH COLUMBIA--(Feb. 15, 2017) -Auryn Resources Inc. (TSX:AUG)(OTCQX:GGTCF) ("Auryn" or the "Company") is pleased to announce the acquisition of 19 prospecting permits along the Gibsons MacQuoid greenstone belt located in Nunavut, Canada. These permits are located between the Meliadine deposit and Meadowbank mine (Figure 1). The 19 prospecting permits encompass approximately 120 km of strike length of the prospective greenstone belt and total 329,000 hectares collectively (Figure 2). The acquisition of the prospecting permits cost approximately CAD$100,000 and provides Auryn exploration rights over the area for a total of three years with the exclusive right to stake minerals claims within the area.
Read more: Auryn Resources ( AUG )

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