VANCOUVER, British Columbia, Aug. 11, 2017  -- Novo Resources Corp. (TSX-V:NVO) (OTCQX:NSRPF) (“Novo” or the “Company”) is pleased to announce that Novo and one of its Australian subsidiaries have entered into an option agreement (the “Agreement”) with an arm’s length party (the “Optionor”) for the option to acquire the Optionor’s interest in certain tenements (the “Option”) in the Karratha region of Western Australia (the “Pipeline Project”). The Pipeline Project consists of seven prospecting licences, five exploration licences, six prospecting licence applications, three exploration licence applications and a miscellaneous licence application. The Option is conditional upon various statutory and contractual approvals and consents including, but not limited to, the receipt of approval of the TSX Venture Exchange.

 

An option fee payment of 500,000 Novo common shares (the “Initial Shares”) will be made upon receipt of TSX Venture Exchange approval. The Initial Shares will be subject to a statutory hold period expiring four months from the date of issuance.

Toronto, Ontario--(Newsfile Corp. - August 8, 2017) - Bison Gold Resources Inc. (TSXV: BGE) ("Bison" or the "Company") announces that it has entered into a definitive arrangement agreement with Klondex Mines Ltd. ("Klondex") effective August 7th, 2017 (the "Arrangement Agreement") whereby Klondex has agreed to acquire, by way of a court-approved plan of arrangement in accordance with the Business Corporations Act (Ontario), all of the issued and outstanding common shares of Bison ("Bison Shares") in exchange for cash or common shares in the capital of Klondex (the "Klondex Shares"), or a combination of cash and Klondex Shares, as further described below (the "Transaction").

 

The Transaction will be completed by way of a Plan of Arrangement (the "Arrangement") whereby Bison shareholders will exchange all of their issued and outstanding Bison Shares for, at the election of Klondex: (i) cash; (ii) Klondex Shares; or (iii) a combination of cash and Klondex Shares, all in accordance with the following options (the "Arrangement Consideration"):

TORONTO, July 24, 2017  -- Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ) (ASX:TGZ) is pleased to announce that early-stage drilling continues to yield high-grade, near-surface oxide and deeper fresh-rock gold mineralization at its Golden Hill property in Burkina Faso, West Africa. 

 

These most recent results comprise Phase 2 drill results at Ma and Nahiri, two new discoveries reported by the Company in April, as well as initial drilling results from two new targets, Peksou and Jackhammer Hill.  All four prospects are located approximately 5 kilometres within a central point (see Figure 1 in Appendix 1).  In addition to these results, assays are pending for 11 core holes from Ma and a total of 63 reverse circulation holes; 20 at Ma, 20 at Nahiri and 23 from a variety of targets in the Pourey-Peksou area. 

 

Drilling returned excellent grades and widths at Ma, Nahiri and Peksou, including:

9 m @ 4.04 g/t Au including 3 m @ 9.44 g/t Au (GHDD-040) at Ma

34 m @ 6.08 g/t Au including 14 m @ 12.38 g/t Au (GHDD-026) at Nahiri

VANCOUVER, BRITISH COLUMBIA--(July 25, 2017) -GT Gold Corp. ("GT Gold" or the "Company") (TSX VENTURE:GTT) - GT Gold is very pleased to report a significant new gold discovery at its Saddle South prospect, located on the Tatogga property in northwestern British Columbia, Canada. Ongoing drilling has cut a steeply dipping, east-west trending, high-grade gold+/-silver quartz-carbonate base metal sulphide vein system displaying strong down-hole widths and good continuity. The gold-bearing system has been intercepted in 20 reverse circulation ("RC") drill holes (reported herein), and in all ten diamond drill holes completed to date (sampling underway, assays pending). The intercepts are from drill setups spanning roughly 200 metres in an east-west direction, and are as deep as 213 metres (hole TTD010) from surface. The Saddle South gold discovery remains open both to depth and laterally, and diamond drilling is continuing. Assay results from the core drilling will be released as they are received, and a second drill may be added to the program.