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.)

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.

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). 

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.