TORONTO, ONTARIO--( Aug 3, 2016) - Galway Metals Inc. (TSX VENTURE:GWM) (the "Company" or "Galway") is pleased to announce that it has entered into an Option Agreement to acquire a 100% undivided interest in Wolfden Resources Corporation's Clarence Stream property located 70 kilometres (km) south-southwest of Fredericton in south-western New Brunswick, Canada. In conjunction with this acquisition, Galway has also acquired Jubilee Gold Exploration Ltd.'s Birneys Lake property, which is adjacent on the south side of Wolfden's Clarence Stream property, and the Company has staked a significant number of additional claims both to the east and west of Clarence Stream. The consolidated land position comprises 45 km of strike length of the Sawyer Brook Fault System and straddles several intrusives, which are believed to have created the conditions necessary for gold deposition at Clarence Stream (Figure 1 and for more information please review Galway's presentation).

VANCOUVER, BRITISH COLUMBIA--(Jul 20, 2016) - Asanko Gold Inc. (TSX:AKG)(NYSE MKT:AKG) ("Asanko" or the "Company") is pleased to announce production results for the second quarter 2016 from Phase 1 of the Asanko Gold Mine, located in Ghana, West Africa. A conference call and webcast will be held today at 9am Eastern Standard Time, see the end of this release for details. All amounts are in US dollars, unless otherwise stated.

 

Q2 2016 Highlights:

Commercial gold production declared April 1, 2016, a quarter ahead of schedule

Steady-state production achieved by the end of Q2; now mining the main ore zones in the Nkran pit and mill feed grades in-line with the Mineral Reserve grades

Gold production of 36,337 ounces, in-line with guidance of 35-40,000 ounces for the quarter

Gold sales of 35,074 ounces at an average realized price of $1,231 per ounce for gross revenue of $43.2 million

TORONTO, July 18, 2016 Galane Gold Ltd. ("Galane Gold" or the "Company") (TSX-V:GG.V - News) is pleased to announce that the board of directors of the Company has approved a US$2.0 million capital expenditure program required for the first phase of the recommencement of production at the Company's Galaxy Gold mine in South Africa, up to a target of 60,000 ounces per annum.(1) The Company anticipates that the first phase will take six months to complete and it will be funded from internal cash flows primarily from the Company's core operation in Botswana.(1) 

 

The first phase of the capital project will commence in July 2016and is designed to refurbish existing infrastructure and upgrade the processing facility to take production to 18,000 ounces per annum. (1)  The first phase covers the following steps:-

The refurbishment of the existing 15,000 tonnes per month processing plant which will include the installation of a new crusher, remedial work to the float section, a new gravity separation section and re-establishment of the elution plant.

The construction of a new 25,000 tonnes per month carbon in leach tailings retreatment plant within the current footprint of the existing processing plant.

VANCOUVER, BRITISH COLUMBIA--(Jul 13, 2016) - Auryn Resources Inc. (TSX VENTURE:AUG) (GGTCF) ("Auryn") and Alturas Minerals Corp (TSX VENTURE:ALT) ("Alturas") are pleased to announce that Auryn has entered into an option agreement (the "Agreement") on Alturas' 100% owned, 3,800 hectare, copper-gold Sombrero property mining concessions located 340 kilometers SE of Lima in southern Peru.

 

The Sombrero property is hosted in the Andahuaylas-Yauri belt and is interpreted to be on the north-western margins of this Eocene-Oligocene aged copper-gold porphyry and skarn belt that hosts the Las Bambas, Haquira, Los Chancas, Cotambambas, Constancia, Antapaccay and Tintaya deposits (figure 1). The principal target at Sombrero is copper-gold skarn mineralization that Auryn feels have similarities to the Tintaya and Las Bambas mines in terms of their geological setting. The project is characterized by a strong structural control and significant copper and gold values from historical surface samples. Importantly there has been no drilling that has occurred on the project to date.