Asanko Gold Mine Construction Update

VANCOUVER, BRITISH COLUMBIA--(Sep 16, 2015)

Highlights:

  • Phase 1 Project is 75% complete and slightly ahead of schedule for first gold in early Q1 2016.
  • Mine operations running at long-term, steady state capacity with drilling, blasting and grade control fully operational.
  • Nkran pit pre-stripping over 60% complete and proceeding according to plan.
  • Placement of major equipment completed including crusher, SAG mill & ball mill.
  • Tailings storage facility 95% complete.
  • Dedicated power supply to the mine to be operational in November.
  • Partial relocation of Nkran village completed and formally handed over to local community.
  • Procurement complete, Project on budget with US$180 million of the US$295 million capital cost spent.
    Read more: Asanko Gold Inc ( AKG )

Auryn Resources Inc. Increases Private Placement to $5.8 Million

VANCOUVER, BRITISH COLUMBIA--(Sep 14, 2015) - Auryn Resources Inc. (TSX VENTURE:AUG)(GGTCF) ("Auryn" or the "Company"), is pleased to announce that it has increased the private placement announced on August 12, 2015 from $4.8 million to $5.8 million as a result of increased demand. The placement will now consist of 4,835,000 units of the Company at a price of $1.20 per unit (the "Offering").

Each unit will consist of one common share and one common share purchase warrant. Each purchase warrant is exercisable into a common share of the Company at a price of $1.70 per share for a period of 24 months (the "Warrant"). In the event that the Company's common shares trade at a closing price on the TSX Venture Exchange of equal or greater than $2.40 per share for a period of 20 consecutive trading days at any time after four months after the Closing Date, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.

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Goldstrike Drills 13.25 Grams per Tonne Gold Over 17.5 Metres True Width Including 35.28 Grams per Tonne (1.03 Ounces per Ton) Over 5.7 Metres

VANCOUVER, BRITISH COLUMBIA--(Sept. 9, 2015) - Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC PINK:APRAF)(KCG1.F) is pleased to report that 2015 drilling intersected 13.25 grams per tonne gold over 17.5 metres true width, including 35.28 grams per tonne (1.03 ounces per tonne) over 5.7 metres true width at Goldstack. Metallic fire assays have confirmed the high grade mineralized drill intersections containing visible gold that were reported in the Company's July 1, 2015 News Release.

GOLDSTACK RESULTS

Three shallow holes were drilled at Goldstack. The first hole (PSGS15-01) stepped out 30 metres southeast of the 7 metre wide discovery outcrop that contains abundant free native gold, and intersected 13.25 grams per tonne gold over 17.5 metres, including 20.42 grams per tonne gold over 11.20 metres, including 35.28 grams per tonne (1.03 ounces per tonne) over 5.7 metres, including 62.68 grams per tonne (1.83 ounces per tonne) over 3.0 metres, and remains open.

Read more: Goldstrike Resources Ltd ( GSR )

TerraX Discovers New High Grade Gold Zones at Yellowknife City Gold; Channel Samples 6.0 m @ 10.26 g/t Au Across Strike on Hebert-Brent Shear

YELLOWKNIFE, NORTHWEST TERRITORIES--(Sep 8, 2015) - TerraX Minerals Inc. (TSX VENTURE:TXR)(TX0.F)(OTC PINK:TRXXF) has received results from channel sampling of additional new zones of mineralization on the Hebert-Brent Shear (11.0 m @ 7.55 g/t Au reported August 11, 2015) at Yellowknife City Gold ("YCG"), immediately north of Yellowknife in the Northwest Territories. Assays from cut channel sampling across the strike of two zones returned:

  • 6.0 m @ 10.26 g/t Au ("Hebert-Brent South") and
  • 15.3 m @ 2.23 g/t Au, including 6.00m @ 4.05 g/t Au ("Hebert-Brent East").

These result are highly significant, indicating high grade zones of mineralization across a sheared area approximately 80 metres wide in the Hebert-Brent Shear area which is 1 km south and on strike with the Barney Zone drilled in 2014 (22.42 m @ 6.35 g/t Au in hole NB95-16W1 - see our news release of August 25, 2014), all within the newly mapped deformation zone called the Barney Deformation Corridor ("BDC").

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AuRico Metals Announces Acquisition of Royalties on Hemlo and Eagle River Mines

TORONTO, Sept. 8, 2015  - AuRico Metals Inc. (AMI.TO), ("AuRico" or the "Company") is pleased to announce the acquisition of Mineral Streams Inc. ("Mineral Streams"), a private company owning a 0.25% NSR royalty on the Williams mine at Barrick Gold Corporation's ("Barrick") Hemlo complex, a 0.5% NSR royalty on Wesdome Gold Mines Ltd.'s ("Wesdome") Eagle River mine, and a 1.5% NSR royalty on Barrick's David Bell property, which also forms part of the Hemlo complex.

Pursuant to the share purchase agreement between AuRico and each shareholder of Mineral Streams, AuRico will pay C$6,850,000 for all of the outstanding shares of Mineral Streams at closing. Net of Mineral Streams' positive working capital of about C$1 million, AuRico's acquisition cost is approximately C$5.9 million. Consideration will consist of 50% cash (for a total of C$3,425,000) and 4,753,951 AuRico Metals shares.

Read more: AuRico Metals Inc ( AMI )