Guyana Goldfields Inc. Produces 35,901 Ounces of Gold in 2015, Achieving Commercial Production Effective January 1, 2016

TORONTO, Jan. 5, 2016 - Guyana Goldfields Inc. (TSX:GUY.TO ) (the "Company" or "GGI") is pleased to announce that gold production for 2015 mining operations totalled 35,901 ounces at its Aurora Gold Mine ("Aurora") in Guyana, South America.

From October 1, 2015 to December 31, 2015, the Company produced 35,723 ounces of gold, of which, 28,850 ounces were sold at an average realized price of $1,079 per ounce generating approximately US$31.1 million ("M") in pre-tax revenue.  

During the month of December, the mill processed an average of 4,758 tonnes of ore per day, of which in excess of 50% of the ore processed was composed of hard rock, at an average head grade of 3.24 grams per tonne gold ("g/t Au") (above average) and gold recoveries averaged 90.4%.

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Asanko Gold Mine Commissioning Underway

VANCOUVER, BRITISH COLUMBIA--(Dec 21, 2015) -

Highlights:

  • Ore commissioning of the metallurgical process facilities now underway.
  • On track for first gold in January 2016, a month ahead of schedule.
  • Mining main ore zones in the Nkran pit under direction of RC grade control drilling.
  • 1.2Mt of ore delineated in pit by grade control drilling - comparing well with the Mineral Reserve Estimate.
  • Tailings storage facility approved by the EPA and ready to accept tailings.
  • Balance sheet strengthened with approximately US$134 million in cash and US$72 million remaining to be spent on the project, as at November 30, 2015.

Asanko Gold Inc. ("Asanko" or the "Company") (AKG.TO)(NYSE MKT:AKG) is pleased to announce that commissioning of Phase 1 of the Asanko Gold Mine ("AGM" or the "Project") in Ghana has commenced and first gold is expected in January 2016.

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Ascot Resources Intersects 572.00 g/t Gold Over 1.00 Meter at Premier

VANCOUVER, BRITISH COLUMBIA--(Dec 18, 2015) - Ascot Resources Ltd. (TSX VENTURE:AOT) - The Premier property covers more than one hundred square kilometres near the town of Stewart in northwest BC, and includes the old Premier Mine, a past producer of 2.1 MOz Au and 44.9 MOz Ag.

Highlights of Release:

  • Hole P15-924, in the "Lunchroom subzone" intersected an uncut average of 53.21 g/t gold over a core length of 13.00 meters. The highest value in this intersection was a 1.00 meter interval which graded 572.00 g/t gold. Hole P15-932 approximately 50 meters southeast of P15-924 intersected an uncut interval of 98.80 g/t gold over a 1.76 meter interval.
  • The "Obscene subzone" located 400 meters northeast of the "Lunchroom subzone" also continues to encounter high grade gold intersections. Hole P15-920 intersected an uncut average of 15.62 g/t gold over a core length of 8.00 meters. The highest value in this intersection was a 1.00 meter interval which graded 111.50 g/t gold.
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Arena Minerals Inc.: Jogmec-Arena Joint Venture Discovers a Porphyry System - Further 241 Drill Holes to Be Permitted

TORONTO, ONTARIO--(Dec 16, 2015) - Arena Minerals Inc. ("Arena" or "the Company") (TSX VENTURE:AN) is pleased to provide an exploration update for the program operated by the Company as part of the Japan Oil Gas and Mineral Exploration Company ("JOGMEC") US$17.5 million joint venture agreement. A total of 14,900 metres of primarily reverse circulation ("RC") drilling has been completed in 88 drill holes, as part of the Phase 1 program that covers all of the areas under the JOGMEC agreement. Results have been received for the first 40 drill holes, including assay and alteration analysis results. Drill hole PU-RC-39, drilled in the north western portion of the Pampa Union block, has intersected a lithocap, alteration and pyrite shell characteristic of a porphyry system down to a total depth of 441 metres below surface.

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Guyana Goldfields Inc. Produces 17,345 Ounces of Gold in November Achieving Positive Cash Flow

TORONTO, Dec. 2, 2015  - Guyana Goldfields Inc. (TSX:GUY.TO) (the "Company" or "GGI") is pleased to provide an update on gold production activities at its Aurora Gold Mine in Guyana, South America.

Aurora Gold Mine Ramp-up Update

From October 1, 2015 to November 30, 2015 the Company produced 21,093 ounces of gold of which 14,091 ounces were sold at an average realized price of $1,084 per ounce generating approximately US$15.3 million in pre-tax revenue and achieving positive cash flow. 

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