New Gold to Acquire Bayfield Ventures

Bayfield Ventures Corp. (TSX-V: BYV) (OTC Pink: BYVVF) (Frankfurt: B4N) ("Bayfield" or "the Company") announced today that it has entered into a definitive arrangement agreement with New Gold Inc. (TSX:NGD.TO - News) (NYSE MKT: NGD) ("New Gold"), pursuant to which New Gold will acquire 100% of the outstanding common shares of Bayfield by way of plan of arrangement (the "Arrangement").

Under the terms of the Arrangement, Bayfield shareholders will receive 0.0477 of a New Gold common share (the "Share Consideration") for each Bayfield share held. The Share Consideration represents a premium of 47% per Bayfield share based on the 20-day volume-weighted average trading price ("VWAP") of Bayfield shares on the TSX Venture Exchange and the VWAP of New Gold shares on the Toronto Stock Exchange as of Nov. 7, 2014, and a 50% premium to the companies' respective closing prices on such Exchanges on Nov. 7, 2014, the last day of trading prior to this announcement. The offer values Bayfield at approximately $16.6 million.

Published: 10 November 2014
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Asanko Gold Mine Construction Update

Highlights: - Phase 1 construction project 12% complete overall and on track for first gold in Q1 2016 - Contractor activity ramping up with approximately 375 contractors on site - First concrete poured in October with bulk earthworks and civil work continuing - Mining contract to be awarded in November, pre-stripping the Nkran pit to commence in January 2015 - Procurement 47% complete and US$85 million committed out of a US$295 million capital cost - Phase 1 optimised mine plan and associated operating costs are being compiled into a "Definitive Project Plan" (DPP) to be released on November 13, 2014 with a conference call hosted by management (see details at end of release)

VANCOUVER, BRITISH COLUMBIA--( Nov 6, 2014) - Asanko Gold Inc. ("Asanko" or the "Company") (AKG.TO)(NYSE MKT:AKG) is pleased to provide a construction update on its fully funded and permitted Phase 1 project of the Asanko Gold Mine ("AGM" or the "Project") in Ghana. Phase 1 is expected to produce 200,000 ounces of gold per annum at steady state starting in Q2 2016, with the first gold pour planned during Q1 2016.

Published: 06 November 2014
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Detour Gold Reports Third Quarter 2014 Results

TORONTO, ONTARIO--(Marketwired - Nov 3, 2014) - Detour Gold Corporation (DGC.TO) ("Detour Gold" or the "Company") reports its operational and financial results for the third quarter of 2014. This release should be read in conjunction with the Company's third quarter 2014 financial statements and MD&A report on the Company's website or on SEDAR. All amounts are in U.S. dollars unless otherwise indicated.

Q3 2014 Highlights

  • Gold production of 115,344 ounces
  • Mill throughput rates averaged above design capacity of 55,000 tonnes per day for 44 consecutive days from August 18 to September 30
  • Revenues of $135.9 million on gold sales of 106,334 ounces
  • Total cash costs of $941 per gold ounce sold1
Published: 04 November 2014
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Scorpio Gold Announces Discovery - Intersects 31.79 g/t Gold Over 4.57 Meters at Physik Target, Mineral Ridge Project, Nevada

VANCOUVER, BRITISH COLUMBIA--(Nov 3, 2014) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) is pleased to announce the discovery of gold mineralization at the Physik target, at its 70% owned Mineral Ridge project, located in Nevada.

The Physik target is situated approximately 300 meters southwest of the producing Mary LC pit. This is an entirely new target area on the Mineral Ridge property discovered by Scorpio Gold's exploration team using a combination of remote sensing, geophysics and structural interpretation.

Published: 03 November 2014
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Brixton Metals Establishes an Inferred Resource of 21.5 Million Ounce Silver Equivalent on Limited Drilling

VANCOUVER, BRITISH COLUMBIA--(Oct 29, 2014) - Brixton Metals Corporation (TSX VENTURE:BBB) (the "Company" or "Brixton") is pleased to announce its independent maiden resource estimate of 21.5 million ounces of silver equivalent as an inferred resource at its 100% owned Thorn project located in northwestern B.C. SRK Consulting (Canada) Inc. (SRK), has prepared the inferred resource estimate in a National Instrument 43-101 ("NI 43-101") technical report (that will be filed on SEDAR within 45 days) based on approximately 15,160 metres of drilling. The resource estimate combines three mineralized zones; Oban, Talisker and Glenfiddich.

Published: 29 October 2014
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  1. Columbus Gold Corporation ( CGT )
  2. Corvus Gold Inc ( KOR )
  3. Alacer Gold Corp ( ASR )
  4. True Gold Mining Inc ( TGM )
  5. Gold Resource Corporation ( GORO )