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Note to editors: An image is included with this press release on Marketwired's website. HPQ Silicon Resources Inc ("HPQ") (TSX VENTURE:HPQ)(FRANKFURT:UGE)(OTC PINK:URAGF) is pleased to announce that the geophysical study along St-Gustave road on the company's Beauce Gold property located in St-Simon-Les-Mines announced last year (HPQ Press release March 22, 2016) was completed and has identified a major fault beneath the former placer gold mining operation of the 1960s Beauce Placer Company. Patrick Levasseur, President and COO of HPQ Silicon stated, "This is an important discovery that narrows our search to find the hard rock source of the St-Simon-Les-Mines gold placers." Mr. Levasseur also stated "We're also very excited by the potential for discovery of another massive sulphide deposit within the Bellechasse Gold Belt. This is the same gold belt that hosts Golden Hope Mines Bellechasse - Timmins gold deposit as well as the Champagne massive sulphide deposit. As part of a research grant from the Fonds de recherche du Québec - Nature et technologies (FRQNT) in partnership with the Quebec Ministry of Energy and Natural Resources and HPQ Silicon Resources, the INRS-Center Eau Terre et Environnement of Québec conducted a multidisciplinary geophysical study to document the deep geological context of the Magog Group and, more specifically, the Beauceville Formation (Bellechasse gold belt) under the St-Simon-les-Mines gold placer. PRESENCE OF A MAJOR FAULT LINE IN THIS SECTOR IS UNPRECEDENTED The work, carried out under the supervision of Professor Marc Richer-LaFlèche, Ph.D., geo, consists of audio-magnetotelluric, gravimetric, magnetometric and electromagnetic surveys. The latter were carried out along a 5.6 km section along the St-Gustave road. The results of the study suggest the presence of a large fault (Figure 1) rising on the edge of the former placer gold mining operation of the 1960s Beauce Placer Company. Gravity data also shows a contrast between the southern and northern blocks of the fault. This new information is relevant to explain the possible source of gold contained in the St-Simon-les-Mines site and along the Gilbert River. The presence of a major fault in this sector was previously not identified, as government maps indicate simple folded structures in the area. In addition, the projection of the fault at the surface corresponds to a high electrical chargeability domain (Richer-LaFlèche, 2014) suggesting the presence of disseminated sulphides in the volcaniclastic rocks of the Beauceville Formation. This area borders the northern limit of the St-Simon-les-Mines gold placer. In addition to specifying the structural context of the St-Simon-les-Mines gold sector, the geophysical work of 2016 was extended north to document the deep geology of the northern part of the Beauceville Formation. This area is characterized by a greater proportion of volcanoclastic and volcanic rocks and a geological context similar to that of the Champagne deposit in the St-Magloire area (Bellechasse gold belt). The audio-magnetotelluric data of the St-Gustave road section suggest the presence of a large conductor (conductor IV) with an estimated thickness of about 50 m and vertical extension in the order of 400 m (Fig. 1). This structure could correspond to a massive polymetallic sulphides mineralization. Additional work is planned to specify the geometry of this conductor. IMPLICATIONS FOR MINERAL EXPLORATION IN THE BELLECHASSE GOLD BELT The use of multiple geophysical methods including deep penetration AMT makes it possible to improve the geological understanding of the St-Simon-les-Mines sector by highlighting the presence of a fault in the vicinity of the gold placer. The rocks in the area affected by the presumed structure show local high electrical chargeability values suggesting the presence of disseminated sulphides in the volcanoclastic rocks of the Beauceville Formation. Additional geophysical and geological work will be carried out to clarify the geometry of the fault and to document the presence of bedrock mineralization under the placer and in the northern part of the Beauce Gold property. Marc Richer-LaFlèche PhD, P. Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this press release. In addition to the original 5 Uragold claims and the 32 claims acquired from Fancamp, the Company has acquired through map staking an additional 108 claims for a total of 145 claims covering a total area of 4,472 hectares over the newly discovered zones. HPQ Silicon Resources Inc is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Silicon Metal (99.9+% Si), and Solar Grade Silicon Metal (99.999+% Si) producer. Beauce Gold Fields (BGF) is a wholly own subsidiary of HPQ Silicon. HPQ is in the process of "Spinning Out" Beauce Gold Fields into a new publicly trading junior gold company. Shareholders of record of HPQ will receive shares in the new company. The Beauce Gold property will become the property of merit of BGF. The Beauce Gold project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 145 claims 100 per cent owned by HPQ, the project area hosts a six-kilometre-long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). The gold in saprolite indicates a close proximity to a bedrock source of gold, providing possible further exploration discoveries. This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the image accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/1094454_HPQ_Beauce_Fault.jpg


WHITE ROCK, BC / ACCESSWIRE / May 18, 2017 / Orsu Metals Corporation (TSX-V: OSU) ("Orsu" or the "Company") is pleased to announce that it has closed the purchase of the initial 30% interest in Sibzoloto Investments Limited ("Sibzoloto"), the indirect holder of the Sergeevskoe gold project in Russia on the terms as amended and announced on March 23, 2017. On May 18, 2017, the Company issued a total of 165,591,520 common shares to the four arm's length selling shareholders (the "Sellers") of Sibzoloto in exchange for 30% of the shares of Sibzoloto. Concurrent with closing, Sergei Stefanovich was appointed a director and to the newly created office of Managing Director and Vladimir Pakhomov was appointed as a non-executive director of the Company. Dr Sergey V. Kurzin continues in his role as a director and Executive Chairman and Mark Corra and David Rhodes as non-executive directors. Alexander Yakubchuk stepped down as a Board Member and was appointed Director of Exploration. Sergei Stefanovich is a lawyer by initial training and received an MBA from IMD (Institute for Management Development), Lausanne, Switzerland. He has over 16 years of corporate finance, strategy & business development experience principally focused on Russia and larger FSU area. He has managed a public equity mining fund that invested into junior mining companies and was Director (Strategy and M&A) for Norilsk Nickel and a past Board member of Gold Fields Limited. He served as a legal counsel for Sputnik private equity funds, AT&T & McKenna & Co. He resides in Moscow and is fluent in Russian and English. Vladimir Pakhomov is a Managing Partner of Olympia Capital, an asset management and merchant banking firm specializing in investment opportunities primarily in Russia and CIS (2011 - present). He was the Investment Director with Onexim Group (2007 - 2010). He graduated Moscow Institute of International Relations and is CFA Charterholder. Mr. Pakhomov resides in Moscow and is fluent in Russian and English. The Sergeevskoe Project is owned by Sibzoloto, a Cyprus registered company, which in turn is the sole owner of both LLC GK Alexandrovskoe, holder of the Sergeevskoe license, and LLC Invest Realty, the owner of a work camp and infrastructure to support the nearby Sergeevskoe Project. As announced on March 23, 2017, the initial payment of US$180,000 at closing will be deferred and will bear interest at the rate of 8% per annum until paid with payment due the earlier of Orsu being funded by equity or the sale of the Karchiga Project in Kazakhstan. Orsu has agreed to fund a US$1,500,000 (US$460,000 already funded) exploration program on the Sergeevskoe Project before the first anniversary of closing. If the sale of Karchiga completes prior to September 30, 2017, then within 10 days, the Sellers will sell and Orsu will purchase the remaining 700 (70%) of the shares of Sibzoloto for consideration of €700 and US$420,000 cash. In the event the sale of Karchiga does not close before September 30, 2017, Orsu and the Sellers will own a 30% and 70% participating interest in Sibzoloto respectively. Orsu and the Sellers will negotiate the terms of a shareholder's agreement at that time to govern the operations of Sibzoloto and to provide for an option for Orsu to acquire or earn, and the Sellers to sell or transfer, the remaining 70% of the shares of Sibzoloto. The prior approval of the Exchange will be obtained in the event the parties determine that the consideration for the second sale shares will be paid and settled in shares of the Issuer. Orsu announced on March 15, 2017 the filing of the report titled "NI 43-101 Technical Report for the Sergeevskoe Property, Zabaikalskiy Krai, Russian Federation" dated March 10, 2017 with an effective date of November 18, 2016, on the Company's profile on www.sedar.com. Orsu has been conducting, and funding, an exploration program on the Sergeevskoe Project since receiving the necessary government approvals in mid-November 2016. The program was funded by Orsu. The Phase 1 program will include an environmental baseline study, a ground magnetic survey, a 1314 m trenching programme and an initial 800 m confirmation drilling program in 3 holes. The environmental base line report was completed in mid-February 2017 by the Laboratory of Environmental Problems ("LEP"). LEP concluded that the surface waters chemical and physical properties are similar to natural concentrations with some soil and stream bed samples containing elevated concentrations of copper, zinc, arsenic and sulphur due to an influence of the historical mining works. In November-December 2016, Geoekspert completed a ground magnetic survey. The entire license area was covered by north-south traverses spacing 50 m. Orsu then contracted Reid Geophysics, a UK based geophysical company, to undertake all necessary processing, which required significant levelling of the sampling noise possibly accumulated due to data collection at cold temperatures. A set of acceptable magnetic maps was then generated. These maps (Figure 1) will be used during the ongoing exploration works. To view the graphic, please click here Orsu completed all trenching works, which comprised 1,314 m in 9 trenches. This consisted of four long trenches across Zone 23, two long trenches across Kozie, one short trench at Kozie and two short trenches (K-1042 and K-1025) near the eastern boundary of the Sergeevskoe license. This completes our winter trenching programme. To view the graphic, please click here The assays for the trenching are undergoing QAQC before any results can be relied upon and announced. Orsu is working through the QAQC protocols with the SGS assay laboratory in Chita, Russia. This release and the technical data reported has been reviewed and approved by Alexander Yakubchuk, Director of Exploration of the Company, also a Qualified Person as defined in NI 43-101. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate," "suggest," "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the timing of, the sale of Karchiga. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. For further information, please contact: WHITE ROCK, BC / ACCESSWIRE / May 18, 2017 / Orsu Metals Corporation (TSX-V: OSU) ("Orsu" or the "Company") is pleased to announce that it has closed the purchase of the initial 30% interest in Sibzoloto Investments Limited ("Sibzoloto"), the indirect holder of the Sergeevskoe gold project in Russia on the terms as amended and announced on March 23, 2017. On May 18, 2017, the Company issued a total of 165,591,520 common shares to the four arm's length selling shareholders (the "Sellers") of Sibzoloto in exchange for 30% of the shares of Sibzoloto. Concurrent with closing, Sergei Stefanovich was appointed a director and to the newly created office of Managing Director and Vladimir Pakhomov was appointed as a non-executive director of the Company. Dr Sergey V. Kurzin continues in his role as a director and Executive Chairman and Mark Corra and David Rhodes as non-executive directors. Alexander Yakubchuk stepped down as a Board Member and was appointed Director of Exploration. Sergei Stefanovich is a lawyer by initial training and received an MBA from IMD (Institute for Management Development), Lausanne, Switzerland. He has over 16 years of corporate finance, strategy & business development experience principally focused on Russia and larger FSU area. He has managed a public equity mining fund that invested into junior mining companies and was Director (Strategy and M&A) for Norilsk Nickel and a past Board member of Gold Fields Limited. He served as a legal counsel for Sputnik private equity funds, AT&T & McKenna & Co. He resides in Moscow and is fluent in Russian and English. Vladimir Pakhomov is a Managing Partner of Olympia Capital, an asset management and merchant banking firm specializing in investment opportunities primarily in Russia and CIS (2011 - present). He was the Investment Director with Onexim Group (2007 - 2010). He graduated Moscow Institute of International Relations and is CFA Charterholder. Mr. Pakhomov resides in Moscow and is fluent in Russian and English. The Sergeevskoe Project is owned by Sibzoloto, a Cyprus registered company, which in turn is the sole owner of both LLC GK Alexandrovskoe, holder of the Sergeevskoe license, and LLC Invest Realty, the owner of a work camp and infrastructure to support the nearby Sergeevskoe Project. As announced on March 23, 2017, the initial payment of US$180,000 at closing will be deferred and will bear interest at the rate of 8% per annum until paid with payment due the earlier of Orsu being funded by equity or the sale of the Karchiga Project in Kazakhstan. Orsu has agreed to fund a US$1,500,000 (US$460,000 already funded) exploration program on the Sergeevskoe Project before the first anniversary of closing. If the sale of Karchiga completes prior to September 30, 2017, then within 10 days, the Sellers will sell and Orsu will purchase the remaining 700 (70%) of the shares of Sibzoloto for consideration of €700 and US$420,000 cash. In the event the sale of Karchiga does not close before September 30, 2017, Orsu and the Sellers will own a 30% and 70% participating interest in Sibzoloto respectively. Orsu and the Sellers will negotiate the terms of a shareholder's agreement at that time to govern the operations of Sibzoloto and to provide for an option for Orsu to acquire or earn, and the Sellers to sell or transfer, the remaining 70% of the shares of Sibzoloto. The prior approval of the Exchange will be obtained in the event the parties determine that the consideration for the second sale shares will be paid and settled in shares of the Issuer. Orsu announced on March 15, 2017 the filing of the report titled "NI 43-101 Technical Report for the Sergeevskoe Property, Zabaikalskiy Krai, Russian Federation" dated March 10, 2017 with an effective date of November 18, 2016, on the Company's profile on www.sedar.com. Orsu has been conducting, and funding, an exploration program on the Sergeevskoe Project since receiving the necessary government approvals in mid-November 2016. The program was funded by Orsu. The Phase 1 program will include an environmental baseline study, a ground magnetic survey, a 1314 m trenching programme and an initial 800 m confirmation drilling program in 3 holes. The environmental base line report was completed in mid-February 2017 by the Laboratory of Environmental Problems ("LEP"). LEP concluded that the surface waters chemical and physical properties are similar to natural concentrations with some soil and stream bed samples containing elevated concentrations of copper, zinc, arsenic and sulphur due to an influence of the historical mining works. In November-December 2016, Geoekspert completed a ground magnetic survey. The entire license area was covered by north-south traverses spacing 50 m. Orsu then contracted Reid Geophysics, a UK based geophysical company, to undertake all necessary processing, which required significant levelling of the sampling noise possibly accumulated due to data collection at cold temperatures. A set of acceptable magnetic maps was then generated. These maps (Figure 1) will be used during the ongoing exploration works. To view the graphic, please click here Orsu completed all trenching works, which comprised 1,314 m in 9 trenches. This consisted of four long trenches across Zone 23, two long trenches across Kozie, one short trench at Kozie and two short trenches (K-1042 and K-1025) near the eastern boundary of the Sergeevskoe license. This completes our winter trenching programme. To view the graphic, please click here The assays for the trenching are undergoing QAQC before any results can be relied upon and announced. Orsu is working through the QAQC protocols with the SGS assay laboratory in Chita, Russia. This release and the technical data reported has been reviewed and approved by Alexander Yakubchuk, Director of Exploration of the Company, also a Qualified Person as defined in NI 43-101. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate," "suggest," "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the timing of, the sale of Karchiga. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. For further information, please contact:


TORONTO, ONTARIO--(Marketwired - May 17, 2017) - Cordoba Minerals Corp. (TSX VENTURE:CDB)(OTCQX:CDBMF) ("Cordoba" or the "Company") and its joint venture partner, High Power Exploration Inc. ("HPX"), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland's Ivanhoe Industries, LLC, are pleased to announce that ongoing drilling at the Alacran Project in Colombia, has continued to encounter high grade copper-gold mineralization. Recent drill holes have recorded mineralized intercepts of up to 184 metres, many with gold and copper mineralization that are significantly higher than the grades used in the preliminary Inferred Mineral Resource statement with the potential to expand the resource envelope. Drilling also has resulted in an enhanced understanding of the structural controls to the mineralization, providing good targets for future drilling. In addition, drilling has confirmed additional intersections of the carbonate base metals (CBM) veins, which host the bonanza-grade gold mineralization previously intersected in hole ACD036 (see January 23, 2017 news release). Mario Stifano, President and CEO of Cordoba, commented: "Drilling at Alacran continues to identify near surface high grade copper-gold mineralization with additional CBM veins intersected in multiple holes over a 400 metre structural trend, indicating potential to identify additional bonanza grade zones and veins. Our geological understanding of the multiple mineralizing events and structural interpretation at Alacran is improving with visible gold recently intersected in drill hole ACD063, with assays pending. With strong community support, the Company is now positioned to drill deep holes around the artisanal mine workings to identify the source of the higher-grade gold and copper mineralization and target additional CBM veins at Alacran." Gold-rich zones at the Alacran project are associated with CBM (carbonate base-metal) style veining that has a zinc-gold association and is interpreted to be a later event overprinting the copper-gold mineralization. Recent drilling analysis has shown that a north-south striking, steeply west-dipping, diorite dyke has been noted in a number of holes. This dyke appears to have a very strong correlation with high grade Cu-Au replacement mineralization and also appears to have a close affinity with high grade gold, such as the bonanza gold grade reported previously in ACD036 (0.90 meters @ 4,440 g/t gold, 10.25% copper, 24.70% zinc and 347 g/t silver). A direct magmatic-related association between high-grade copper-gold, and potentially the gold-zinc CBM veining, adds additional potential high-grade drill targets over a considerable strike length of the Alacran known mineralization. The relationship of this dyke to mineralization is outlined in Figure 2, where additional high-grade gold has been intersected in ACD041 (2 metres @ 9.82 g/t gold, 1.57% copper), in ACD050 (2 metres @ 11.15 g/t gold, 1.3% copper and 2 metres @ 7.36 g/t gold, 1.56% copper) and ACD58 (2 metres @ 3.4 g/t gold, 8.89% copper). There is potential to follow this body down dip to the west for additional replacement-style mineralization. Another primary control on late high-grade gold mineralization at Alacran is a NNE striking fault corridor which appears to control a series of en-echelon CBM style veins (as seen in ACD036). The gold in these veins is coarse and highly "nuggety", but values typically return in excess of 5 g/t gold. Diamond drilling, aided through detailed structural interpretation of previously intersected CBM style mineralization, will target these zones in the ongoing drill program at the Alacran project. Twenty-two drillholes have been completed at the Alacran project that focused on lateral extensions and continuity of copper-gold mineralization related to higher-grade zones between drill sections that to date, are drilled on approximately 100 metre spaced drill fences. Drilling was concentrated on the northern parts of the known copper-gold mineralization, some of the key results are discussed below. On Section 855825mN one drillhole was collared to test obliquely to the south the continuity of copper-gold mineralization between sections. Section 855570mN, six drillholes were collared; some to test the up-dip extensions to the orebody on section and some drilled oblique to section, both north and south, to better determine the short distance variation in both copper and gold grades. The copper-gold mineralization remains open down-dip on section. On Section 855440mN, three drillholes were collared to test the up-dip extensions of copper-gold mineralization to the east, copper-gold mineralization between drillholes ACD034 and ASA001 and an oblique drillhole to the north to test for continuity of copper-gold mineralization between sections. Section 855350mN was the southern-most section tested and where the most significant results were located, adding prospectivity for further advances to the south within the Alacran orebody. Three drillholes were collared to test for up-dip extensions of the copper-gold mineralization to the east, infill drilling between drillholes ASA002 and ACD023 and an oblique hole directed to the north-east to test for continuity of copper-gold mineralization between sections. The Alacran Copper-Gold project is located within the Company's San Matias Copper-Gold Project in the Department of Cordoba, Colombia. The Alacran project is located on a topographic high in gently rolling topography, optimal for potential open-pit mining. Access and infrastructure are considered favourable. The Alacran initial, pit-constrained, Inferred Mineral Resource is 53.52 million tonnes at 0.70% copper and 0.37 g/t gold, or 0.95% copper equivalent (CuEq), including 7.37 million tonnes at 2.14% copper and 0.41 g/t gold above 1% copper (Cu) cut off (see news release dated January 5, 2017. Alacran is approximately two kilometres southwest of the Company's Montiel porphyry copper-gold discovery, where drilling intersected 101 metres of 1.0% copper and 0.65 g/t gold, and two kilometres northwest of the Costa Azul porphyry copper-gold discovery, where drilling intersected 87 metres of 0.62% copper and 0.51 g/t gold. The copper-gold mineralization at Alacran is associated with stratabound replacement of a marine volcano-sedimentary sequence in the core of a faulted antiformal fold structure. The deposit comprises moderately to steeply-dipping stratigraphy that is mineralized as a series of sub-parallel replacement-style or skarn zones and associated disseminations. The copper-gold mineralization is composed of multiple overprinting hydrothermal events with the main ore phase comprised of chalcopyrite-pyrrhotite-pyrite that appears to overprint a large-scale early magnetite metasomatic event. The San Matias Copper-Gold Project comprises a 20,000-hectare land package on the inferred northern extension of the richly endowed Mid-Cauca Belt in Colombia. The project contains several known areas of porphyry copper-gold mineralization, copper-gold skarn mineralization and vein-hosted, gold-copper mineralization. Porphyry mineralization at the San Matias Project incorporates high-grade zones of copper-gold mineralization hosted by diorite porphyries containing secondary biotite alteration and various orientations of sheeted and stockwork quartz-magnetite veins with chalcopyrite and bornite. The copper-gold skarn mineralization at Alacran is associated with stratabound replacement of a marine volcano-sedimentary sequence. The nature of mineralization encountered at San Matias is similar to other large high-grade copper-gold deposits. The technical information has been reviewed, verified and compiled by Christian J. Grainger, Ph.D., a Qualified Person for the purpose of NI 43-101. Dr. Grainger is a geologist with over 15 years in the minerals mining, consulting, exploration and research industries. Dr. Grainger is a Member of the Australian Institute of Geoscientists (AIG) and Australian Institute of Mining and Metallurgy (AusIMM). Copper-equivalent values have been calculated using a US$1,300 per ounce gold price and US$2.50 per pound copper price. All samples have been prepared and assayed at ALS laboratory in Medellin, Colombia with gold assays being carried out as 50-gram Fire-Assays with AAS finish and all trace elements and base metals being assayed using four Acid Digest with ICP-MS finish. Copper-equivalent values have been calculated using a US$1,350 per ounce gold price and US$2.20 per pound copper price. The company utilizes an industry-standard QA/QC program. HQ and NQ diamond drill-core is sawn in half with one-half shipped to a sample preparation lab. The remainder of the core is stored in a secured storage facility for future assay verification. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance and a portion of the samples are periodically checked for assayed result quality. The Alacran preliminary Inferred Mineral Resource estimate was completed by Mining Associates Limited and reported by the Company on January 5, 2017, and is in accordance with National Instrument 43-101 and the 2014 Canadian Institute of Mining (CIM) definition standards. Inferred Mineral Resources are considered to be too speculative geologically to have the economic considerations applied to them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The San Matias Project is a joint venture between Cordoba and HPX, a private mineral exploration company founded by mining entrepreneur Robert Friedland. HPX has entered Phase Three of the Joint Venture Agreement, whereby HPX can earn a 65% interest in the San Matias Project by completing a feasibility study. HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate mineral prospects. The HPX technology cluster comprises systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Co-Chairman and Chief Executive Officer Robert Friedland, President Eric Finlayson, a former head of exploration at Rio Tinto, and co-chaired by Ian Cockerill, a former Chief Executive Officer of Gold Fields Ltd. For further information, please visit www.hpxploration.com. Cordoba Minerals Corp. is a Toronto-based mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba has a joint venture with High Power Exploration on the highly prospective, district-scale San Matias Copper-Gold Project located at sea level with excellent infrastructure and near operating open-pit mines in the Department of Cordoba. For further information, please visit www.cordobaminerals.com. ON BEHALF OF THE COMPANY, Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this news release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. To view Figure 1: Project Location and licenses on magnetics, please visit: http://media3.marketwire.com/docs/1095003f1.jpg. To view Figure 2 - Inclined level plan illustrating high grade intersections aligned on north-south trend, please visit: http://media3.marketwire.com/docs/1095003f2.jpg. To view Figure 3: Labelled drill collars' results are the subject of this release, please visit: http://media3.marketwire.com/docs/1095003f3.jpg.


WHITE ROCK, BC / ACCESSWIRE / May 18, 2017 / Orsu Metals Corporation (TSX-V: OSU) ("Orsu" or the "Company") is pleased to announce that it has closed the purchase of the initial 30% interest in Sibzoloto Investments Limited ("Sibzoloto"), the indirect holder of the Sergeevskoe gold project in Russia on the terms as amended and announced on March 23, 2017. On May 18, 2017, the Company issued a total of 165,591,520 common shares to the four arm's length selling shareholders (the "Sellers") of Sibzoloto in exchange for 30% of the shares of Sibzoloto. Concurrent with closing, Sergei Stefanovich was appointed a director and to the newly created office of Managing Director and Vladimir Pakhomov was appointed as a non-executive director of the Company. Dr Sergey V. Kurzin continues in his role as a director and Executive Chairman and Mark Corra and David Rhodes as non-executive directors. Alexander Yakubchuk stepped down as a Board Member and was appointed Director of Exploration. Sergei Stefanovich is a lawyer by initial training and received an MBA from IMD (Institute for Management Development), Lausanne, Switzerland. He has over 16 years of corporate finance, strategy & business development experience principally focused on Russia and larger FSU area. He has managed a public equity mining fund that invested into junior mining companies and was Director (Strategy and M&A) for Norilsk Nickel and a past Board member of Gold Fields Limited. He served as a legal counsel for Sputnik private equity funds, AT&T & McKenna & Co. He resides in Moscow and is fluent in Russian and English. Vladimir Pakhomov is a Managing Partner of Olympia Capital, an asset management and merchant banking firm specializing in investment opportunities primarily in Russia and CIS (2011 - present). He was the Investment Director with Onexim Group (2007 - 2010). He graduated Moscow Institute of International Relations and is CFA Charterholder. Mr. Pakhomov resides in Moscow and is fluent in Russian and English. The Sergeevskoe Project is owned by Sibzoloto, a Cyprus registered company, which in turn is the sole owner of both LLC GK Alexandrovskoe, holder of the Sergeevskoe license, and LLC Invest Realty, the owner of a work camp and infrastructure to support the nearby Sergeevskoe Project. As announced on March 23, 2017, the initial payment of US$180,000 at closing will be deferred and will bear interest at the rate of 8% per annum until paid with payment due the earlier of Orsu being funded by equity or the sale of the Karchiga Project in Kazakhstan. Orsu has agreed to fund a US$1,500,000 (US$460,000 already funded) exploration program on the Sergeevskoe Project before the first anniversary of closing. If the sale of Karchiga completes prior to September 30, 2017, then within 10 days, the Sellers will sell and Orsu will purchase the remaining 700 (70%) of the shares of Sibzoloto for consideration of €700 and US$420,000 cash. In the event the sale of Karchiga does not close before September 30, 2017, Orsu and the Sellers will own a 30% and 70% participating interest in Sibzoloto respectively. Orsu and the Sellers will negotiate the terms of a shareholder's agreement at that time to govern the operations of Sibzoloto and to provide for an option for Orsu to acquire or earn, and the Sellers to sell or transfer, the remaining 70% of the shares of Sibzoloto. The prior approval of the Exchange will be obtained in the event the parties determine that the consideration for the second sale shares will be paid and settled in shares of the Issuer. Orsu announced on March 15, 2017 the filing of the report titled "NI 43-101 Technical Report for the Sergeevskoe Property, Zabaikalskiy Krai, Russian Federation" dated March 10, 2017 with an effective date of November 18, 2016, on the Company's profile on www.sedar.com. Orsu has been conducting, and funding, an exploration program on the Sergeevskoe Project since receiving the necessary government approvals in mid-November 2016. The program was funded by Orsu. The Phase 1 program will include an environmental baseline study, a ground magnetic survey, a 1314 m trenching programme and an initial 800 m confirmation drilling program in 3 holes. To view the graphic, please click here To view the graphic, please click here The assays for the trenching are undergoing QAQC before any results can be relied upon and announced. Orsu is working through the QAQC protocols with the SGS assay laboratory in Chita, Russia. This release and the technical data reported has been reviewed and approved by Alexander Yakubchuk, Director of Exploration of the Company, also a Qualified Person as defined in NI 43-101. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate," "suggest," "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the timing of, the sale of Karchiga. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. For further information, please contact:


News Article | May 17, 2017
Site: www.mining-journal.com

Coal and power hopeful GCM Resources (LN:GCM) rose 32.5% to top this week’s list of London and Johannesburg-listed market risers in the afterglow of World Bank funding to improve Bangladesh’s power system. GCM is repositioning its planned Phulbari coal and power project in Bangladesh to be “in line with the objectives of the Bangladesh government”, according to the company’s half-yearly report. GCM said the government continued to prioritise the development of coal-fired power plants as part of its broader plan to dramatically increase power generation. Investors must have been buoyed by the late April news that the World Bank had approved US$59 million in financing to improve the reliability and efficiency of Bangladesh’s power system. Galileo Resources (LN:GLR) has continued its strong run, up 817% over 12 months and 30.7% for the week as it announced it had found visible copper in its maiden drilling programme at the Concordia copper project in South Africa. The company had originally planned to drill six RC holes but was able to drill 14 and said it eagerly awaited the analytical results from the samples. Galileo has earned a 51% interest in the company that owns Concordia and now has 30 days to decide whether to earn a greater stake. Gold Fields (JSE:GFI) was the sole Johannesburg-listed company to make this week’s list with a gain of 12.5%, taking it to equal ninth place with Kemin Resources (LN:KEM). Gold Fields was no doubt boosted by the rising gold price, which rose to US$1,243 an ounce earlier today on the spot market amid rising concerns over US president Donald Trump’s administration. Commodities have also been boosted by China’s planned infrastructure spending to boost economic ties, announced in the Belt and Road Initiative launch on the weekend.


News Article | May 15, 2017
Site: www.prnewswire.com

Investors are also closely watching indicators that affect the Federal Reserve's decision on the interest rate next month. Gold is highly sensitive to the changes in U.S. interest rates as they increase the opportunity cost of holding non-yielding bullion. The consumer price index rose by 0.2 percent in April and increased by 2.2 percent over the past 12 months. This pace is slower than economists' expectation of a 2.3 percent advance. The Federal Reserve has an inflation target of approximately 2 percent, with an increase of the borrowing cost by 25 base points in March. Investors are expecting two more rate hikes this year. Kenadyr Mining Holdings Corp. (OTC: KNDYF) (TSX-V: KEN) announced today that, "Drilling has commenced on the South Zone of Kenadyr's 100% owned Borubai License, Kyrgyz Republic... The South Zone is open in three directions and to depth and drilling in this zone has the potential to see increased grade of the mineralization (from historic numbers) as a result of increased core recovery (core recovery during Soviet drilling averaged only 60% recovery) and the use of Fire Assay versus ICP analysis techniques (which were predominately used during Soviet assaying). Kenadyr is in a strong position to embark on this upcoming program, having a strong balance sheet, no debt nor significant payments owing, a strong institutional shareholder base and a management team with extensive in-country operational experience, and merger and acquisition expertise." Dr. Alexander Becker, Kenadyr Chief Executive Officer, states, "Drilling has now commenced, ahead of schedule and this is a testament to the team's strong efforts in the field along with the efficiency of QED, the drill contractor. The South Zone is a high priority area for Kenadyr with excellent underlying geology. It is open and strongly mineralized at the extent of drilling, according to historical results, and we look forward to retesting this area, to confirm the high grade results reported from previous drilling." Kenadyr's Borubai project comprises a 100-percent-owned exploration licence covering a contiguous 164-square-kilometre land package that encircles the Zijin/Kyrgyz/Altyn newly constructed and operational TBL mine, in northern Kyrgyz Republic. Golden Star Resources Ltd. (NYSE: GSS) on April 3rd announced a project update for its Prestea Underground Gold Mine, Mampon deposit and Wassa Underground Gold Mine in Ghana. The Company also announces that it is hosting a site visit for analysts, investors and journalists at its two mines. "Golden Star continues to reach its key milestones, on time and on budget. Exciting progress is being made at Prestea Underground and I look forward to blasting the first stoping ore later this quarter. At Mampon, commencing mining within the expected time frame is testament to the hard work of our team in Ghana and their strong relationship with local communities. Finally, operations at Wassa Underground are progressing as planned and it is pleasing that we have now begun accessing the B Shoot, which is the main target of the Wassa Underground development. Our transformation into a low cost, high grade, mid-tier producer remains well on track," commented Sam Coetzer, President and Chief Executive Officer of Golden Star. Gold Fields Limited (NYSE: GFI) on March 2nd revealed that it was the nation's largest corporate taxpayer in 2016, according to the Ghana Revenue Authority (GRA). The GRA recognised Gold Fields at an awards function held a couple of weeks ago. Gold Fields contributed GHS355m (US$75m) directly through royalty and corporate income tax payments, and an additional GHS146m (US$31m) through employees' Pay As You Earn (PAYE), as well as tax payments on behalf of its local contractors and suppliers. During 2015, GFGL was the country's second largest taxpayer. GRA commended the company for its performance. "Gold Fields is not only one of the biggest contributors to our tax revenue, but one of the most compliant companies with payments and filing of taxes. You have consistently been part of the top taxpayers in Ghana and your contribution to national development in general is significant," the GRA said. Asanko Gold Inc. (NYSE: AKG) provided an update on April 27th, in which the Mineral Resource and Reserve Estimate for the Akwasiso deposit, part of the Asanko Gold Mine located in Ghana, West Africa, following the successful completion of the infill drilling campaign to upgrade previously reported Inferred Resources into the Indicated category. Compared to the December 31, 2016 Mineral Resource Estimate ("MRE"), the updated Akwasiso MRE has increased Indicated Resources by 79% to 6.72 million tonnes at 1.49 g/t for 322,500 contained gold ounces (refer to Table 1). The Resource grades have improved significantly by 24% from 1.20 g/t to 1.49 g/t. The updated MRE has been signed off by CSA Global (UK) Ltd. NovaGold Resources Inc. (NYSE: NG) earlier in February released its first quarter financial results and updates for its flagship 50%-owned Donlin Gold project in Alaska and its 50%-owned Galore Creek copper-gold-silver project in British Columbia. NOVAGOLD will focus on five primary goals in 2017: advance the Donlin Gold project toward a construction/production decision; continue to enhance the value of the Galore Creek project; maintain a healthy balance sheet; maintain an effective corporate social responsibility program; and evaluate opportunities to monetize the value of Galore Creek. Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News" Subscribe Now! 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News Article | May 16, 2017
Site: www.mining-journal.com

The latest drilling results at YAM14 are shoring up greater potential for Gold Road Resources (AU:GOR) and its 50% joint venture partner Gold Fields Ltd (SJ:GFI) at their Gruyere gold project under development in Western Australia’s eastern goldfields. The above intercept also included 28m at 6.5g/t Au from 79m and 8m at 19.16g/t Au from 90m, and Gold Road exploration executive director Justin Osborne said it was one of the best RC intersections the company had seen at Yamarna. Another hole reported a shallower intercept of 22m at 1.81g/t Au from 57m, including 14m at 2.63g/t. “Following this drilling, we now have over 1km of gold mineralisation at shallow depths in very close trucking distance [8km] to the Gruyere mill site,” Osborne said. Construction work began in January at Gruyere, which has a 3.5 million ounce reserve and an expected 13-year minelife, and production is expected to begin early next year. Gold Road is planning infill and extensional drilling at YAM14, which will help form a maiden mineral resource in the second half of this year. RBC Capital Markets analyst Paul Hissey said the results could provide another source of mill feed for Gruyere and improve its project economics. “We continue to have a preference for GOR in the Australian small cap gold space due to its strong cash position, exploration upside around the Yamarna belt, and the de-risked Gruyere project following the JV with Gold Fields,” he said, putting a price target of A$0.90 per share (US$0.67/share) on the stock. Shares in Gold Road closed at $0.67/share after the announcement, $0.01/share down on the previous day.


News Article | May 4, 2017
Site: www.mining-journal.com

Flagships, as the name implies, are meant to be the best of their breed, which is what Henry VIII thought was the case with his flagship, the Mary Rose, and what shareholders of Gold Fields (SJ:GFI) and Newcrest Mining (AU:NCM) believe is the case with the South Deep and Cadia goldmines.


News Article | February 23, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 23, 2017) - Cordoba Minerals Corp. (TSX VENTURE:CDB)(OTCQX:CDBMF) ("Cordoba" or the "Company") and its joint-venture partner, High Power Exploration Inc. ("HPX"), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland's Ivanhoe Industries, LLC, are pleased announce that Cordoba has been named to the 2017 TSX Venture 50, a ranking of top performers on the TSX Venture Exchange over the last year. Each year, the ranking showcases TSXV-listed companies that have shown notable results in key measures of market performance. The companies included in the 2017 TSX Venture 50 were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. Mario Stifano, President and CEO of Cordoba, commented: "Being named to the TSX Venture 50 is a reflection of the outstanding work by our team of explorationists whose efforts during the past year contributed to a series of notable copper and gold discoveries at our San Matias Project in Colombia. We are aggressively following up on last year's exploration successes at San Matias with three drill rigs testing new high-priority targets." A video produced by the TSX Venture Exchange to mark Cordoba's achievement is available to view at www.tsxventure50.com. Cordoba also was named to the 2017 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market in 2016. HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Co-Chairman and Chief Executive Officer Robert Friedland, President Eric Finlayson, a former head of exploration at Rio Tinto, and co-chaired by Ian Cockerill, a former Chief Executive Officer of Gold Fields Ltd. For further information, please visit www.hpxploration.com. Cordoba Minerals Corp. is a Toronto-based mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba has a joint venture with High Power Exploration on the highly prospective, district-scale San Matias Copper-Gold Project located at sea level with excellent infrastructure and near operating open-pit mines in the Department of Cordoba. For further information, please visit www.cordobaminerals.com. ON BEHALF OF THE COMPANY Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.


News Article | February 15, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 10, 2017) - First Cobalt Corp. (the "Company") (TSX VENTURE:FCC) is pleased to announce that effective immediately Ross Phillips has been appointed as a director of the Company, and Ian Stalker has been appointed as an advisor to the board of directors. Kevin Ma, Interim Chief Executive Officer of the Company, noted that, "The addition of Ross and Ian will be instrumental as the Company continues to evaluate additional international asset acquisitions." Mr. Phillips has over a decade of experience in the resource and energy sectors, much of which has involved working on large-scale capital projects with Sherritt International Corporation. From 2009 to 2011, Mr. Phillips was Senior Manager, Financial Analytics and later Director of Business Development at Capital Power Corporation, one of Canada's largest power generation companies. Prior to that time, from 2003 to 2009, Mr. Phillips held various senior roles at Sherritt International Corporation, a diversified resource company that produces thermal coal, nickel, cobalt, oil and electricity. Mr. Phillips currently serves as Chief Operating Officer and Chief Financial Officer of Potash Ridge Corporation. Mr. Stalker is an international mining executive with 40 years of experience in mine development and operations in Europe, Africa and Australia. Mr. Stalker was the Chief Executive Officer of UraMin Inc., a London-listed and Toronto-listed uranium company, from July, 2005, until its $2.5 billion acquisition by Areva in August, 2007. Mr. Stalker was a vice-president of Gold Fields Ltd., the world's fourth-largest gold producer, where he spent considerable time on the ground on its international operations. Mr. Stalker has held executive positions in some of the largest mining companies in the world and has successfully managed eight mining projects through feasibility study, development and construction phases. Mr. Stalker has significant cobalt experience gained during his time on the Zambian Copperbelt from 1973 to 1987. Mr. Stalker operated the country's only dedicated cobalt process plant and was involved in the design and construction of the plant, which is still in operation. Additionally, he was the Chief Executive Officer of the Luanshya Mine from 1999-2000, after its 1997 privatization, where the bulk of the cobalt production from the Copperbelt was centered. Mr. Stalker is currently the Chief Executive Officer of K92 Mining Inc., a gold producer with assets in Papua New Guinea. The Company is focused on developing its existing portfolio of mineral properties and concurrently growing shareholder value through the acquisition of assets in the strategic metals sector, with a particular focus on cobalt projects. On behalf of the Board, Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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