North Country Receives Final Court Approval for Arrangement With Auryn Resources Inc.

EDMONTON, ALBERTA--(Sept. 22, 2015) - North Country Gold Corp. (TSX VENTURE:NCG) ("North Country") is pleased to announce that North Country has obtained a final order from the Court of Queen's Bench of Alberta approving its previously announced plan of arrangement (the "Arrangement") with Auryn Resources Inc. ("Auryn") pursuant to which Auryn will acquire all of the issued and outstanding common shares of North Country ("North Country Shares"). Receipt of the final order follows North Country's special meeting of shareholders held on September 18, 2015, where the special resolution approving the Arrangement was approved by approximately 99.85% of the votes cast by North Country shareholders. A total of 49,345,323 North Country Shares were voted at the meeting, representing 33.34% of the votes attached to all outstanding North Country Shares.

Read more: Auryn Resources Inc ( AUG )

Banro Reports High Grade Drill Results at Namoya and Provides Corporate Update

TORONTO, ONTARIO--(Sep 18, 2015) -

  • Drilling at Namoya intersects significant mineralization including 16.00 metres grading 5.35 g/t Au, 15.00 metres grading 5.00 g/t Au and 24.00 metres grading 2.77 g/t Au
  • Banro closes US$16 million in financing consisting of a gold forward sale to provide working capital for Namoya ramp up, and a local bank refinance

Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(BAA.TO) is pleased to announce the intersection of significant mineralization from on-going near mine exploration activities at its wholly-owned Namoya project, located on the Twangiza-Namoya gold belt in the Maniema Province of the Democratic Republic of the Congo (the "DRC").

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Endeavour Mining Announces Strategic, Long-term African Gold Partnership with Naguib Sawiris and La Mancha

VANCOUVER, Sept. 21, 2015 - Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV.TO ) (ASX:EVR.AX ) (OTCQX:EDVMF ) is pleased to announce that it has entered into a long term strategic partnership with La Mancha Holding S.àr.l., a privately-held gold investment company controlled by the Sawiris Family ("La Mancha"). 

As part of the transaction, Endeavour will acquire La Mancha's indirect 55% interest in Société des Mines d'Ity S.A. ("SMI"), which operates the Ity Gold Mine in Côte d'Ivoire, plus various regional exploration properties, and La Mancha will contribute US$63 million cash1 into the acquired businesses. La Mancha has also expressed an in-principle commitment to invest up to US$75 million in additional funds to support Endeavour's growth. Upon completion of the transaction, La Mancha will be issued approximately 177.1 million Endeavour ordinary shares representing 30.0% of the enlarged share capital.  On a pro forma basis, Endeavour will have an annual gold production rate of 580,000 ounces from five operations across West Africa, a strengthened balance sheet and further growth opportunities in Africa. Among other conditions, this transaction is subject to approval from Endeavour's current shareholders. 

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Acquisition by Auryn Resources Approved by Shareholders of North Country

EDMONTON, ALBERTA--(Sep 18, 2015) - North Country Gold Corp. (TSX VENTURE:NCG) ("North Country") and Auryn Resources Inc. (TSX VENTURE:AUG)(GGTCF) ("Auryn") are pleased to announce that the plan of arrangement (the "Arrangement"), pursuant to which Auryn will acquire all of the issued and outstanding common shares of North Country ("North Country Shares"), was approved by North Country shareholders at the special meeting of North Country shareholders held on September 18, 2015. At the meeting, approximately 99.85% of the votes cast by North Country shareholders were voted in favour of the Arrangement. A total of 49,345,323 North Country Shares were voted at the meeting, representing approximately 33.34% of the votes attached to all outstanding North Country Shares.

Read more: Auryn Resources Inc ( AUG )

Alexco Drills 5 Meters (True Width) of 7,462 Grams per Tonne Silver (240 Ounces per Tonne) at Bermingham, Along With Other Significant Silver Intercepts

VANCOUVER, BRITISH COLUMBIA--( Sep 17, 2015) - Alexco Resource Corp. (AXR.TO)(NYSE MKT:AXU) today announced results from its 2015 drilling program at the Bermingham deposit in the Keno Hill Silver District in Canada's Yukon Territory.

Significant true width intercepts include 4.98 meters grading 7,462 grams per tonne ("g/t") (240.0 ounces per ton ("oz/t")) silver, 4.76 meters grading 2,357 g/t (75.8 oz/t) silver, 2.35 meters of 3,774 g/t (121.3 oz/t) silver and ranging down to 1.81 meters grading 794 g/t (25.5 oz/t) silver were returned from drill holes in the 2015 program.

Read more: Alexco Resource Corp ( AXR )