TomaGold reports that IAMGOLD intersected 121.67 g/t Au over 3.1 metres on Monster Lake

IAMGOLD expands Monster Lake's gold potential
 
MONTREAL, QUEBEC--(May 11, 2017) -TOMAGOLD CORPORATION (TSX VENTURE:LOT) ("TomaGold" or the "Corporation") is pleased to report that IAMGOLD Corporation ("IAMGOLD") today provided an update on the ongoing exploration program at its Monster Lake joint venture project (IAMGOLD: 50%; TomaGold: 45%) located 50 kilometres southwest of Chibougamau, Quebec, Canada. IAMGOLD reported assay results from the first eleven drill holes, totaling just over 5,100 metres, from a total of 24 diamond drill holes, totaling 10,657 metres, completed this past winter.
 
The assay results are provided in Table 1 below and include the following highlights: (A drill hole plan map and longitudinal sections are attached to this news release.)
Read more: Tomagold Corporation ( LOT )

Continental Gold Announces Strategic Investment by Newmont Mining and Investment by RK Mine Finance

TORONTO, ON--(May 11, 2017) - Continental Gold Inc. (TSX: CNL)(OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce that Newmont Mining Corporation ("Newmont") has agreed to purchase 37.38 million common shares of the Company at a price of C$4.00 per share for a total investment of US$109 million in a non-brokered private placement (the "Newmont Private Placement"). Concurrently with Newmont's investment in Continental, RK Mine Finance Master Fund I Limited ("Red Kite") has also agreed to purchase 8.59 million common shares of the Company on a private placement basis at a price of C$4.00 per share for a total investment of US$25 million, as contemplated in Continental's secured project credit facility (the "Credit Facility") with Red Kite. After giving effect to the private equity placements, Newmont and Red Kite will own approximately 19.9% and 4.6%, respectively, of the issued and outstanding common shares of Continental on a non-diluted basis. The private placements will not close before May 18, 2017 post receipt of regulatory approvals, including by the Toronto Stock Exchange.
Read more: Continental Gold Inc ( CNL )

Asanko Gold Reports Q1 2017 Results

VANCOUVER, BRITISH COLUMBIA--(May 4, 2017) -Asanko Gold Inc. ("Asanko" or the "Company") (TSX:AKG)(NYSE MKT:AKG) reports its first quarter ("Q1") 2017 operating and financial results. The Company released its production and revenue results for Q1 on April 18, 2017. All amounts are in US dollars unless otherwise stated. Management will host a conference call and webcast today at 9am Eastern Time, further details below.
 
Q1 2017 Highlights:
One lost time injury in the quarter maintaining industry leading safety statistic of 0.21 per million man hours worked. 
Record gold production of 58,187 ounces in line with 2017 production guidance of 230,000 - 240,000 ounces. 
Gold sales of 57,812 ounces, generating $69.3 million in gross gold revenue at an average realized price of $1,199/oz. 
Earned net income of $7.8 million ($0.04/share). 
Read more: Asanko Gold Inc ( AKG )

Toachi Mining Inc. Intersects 6.28 m grading 7.12 g/t Au, 24 g/t Ag, 8.84% Cu, 1.61% Zn and 0.36% Pb at the Gold-Rich La Plata VMS Project in Ecuador. Mineralization extended 40-m south from CMLP-17-56

Toronto, Ontario / TheNewswire / May 2, 2017 - Toachi Mining Inc ., ("Toachi" or the "Company") (TSX-V: TIM) is pleased to announce resul ts from on-going drilling at its La Plata gold-rich volcanogenic massive sulphide ("VMS") project in Ecuador.
 
Program Highlights
-Hole CMLP-17-49 intersected 6.28 metres (m) of massive and disseminated sulphide mineralization grading 7.12 grams per tonne (g/t) gold, 24 g/t silver, 8.84% copper, 1.61% zinc and 0.36% lead from 62.26 m in the La Mina North zone of the La Mina deposit.
 
-The intersection above is within a wider 12.20-m intercept grading 4.07 g/t gold, 27 g/t silver, 5.79% copper, 1.80% zinc and 0.29% lead from 62.26 m.
Read more: Toachi Mining Inc ( TIM )

Balmoral Intersects 54.89 Metres Grading 2.29 g/t Gold, Including 13.68 Metres Grading 6.87 g/t Gold, as Bug South/Bug North Deposits Continue to Expand

VANCOUVER, British Columbia, May 03, 2017  -- Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX:BAR) (OTCQX:BALMF) today announced additional high grade gold results from its Detour Gold Trend Project in Quebec. On-going testing of the Bug South gold deposit on the Company’s wholly owned Martiniere Property continues to both confirm the presence of broad zones of high-grade gold mineralization within the core of the deposit and to expand the deposit down-plunge. Mid-level drilling has now begun to intersect significant high-grade gold mineralized intervals in the Lower Bug Zone of the Bug South deposit, similar to those observed in the core of the Bug North deposit located 400 metres to the north.
 
Results from the Bug South deposit (see Table 1 below) were highlighted by intercepts of 54.89 metres grading 2.29 g/t gold, including 13.68 metres grading 6.87 g/t gold, in near-surface infill drilling, 9.16 metres grading 3.27 g/t gold, including 2.86 metres grading 7.40 g/t gold, from down-plunge expansion drilling of the Upper Bug Zone and 12.91 metres grading 2.84 g/t gold, including 4.89 metres grading 5.67 g/t gold from the emerging Mid-Level Lower Bug Zone.
Read more: Balmoral Resources Ltd ( BAR )

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