Mining Company

Taiyuan, China

Mining Company

Taiyuan, China

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News Article | May 11, 2017
Site: marketersmedia.com

The starting members of the Advisory Board are Henk Van Alphen and William Pincus. Mr. Van Alphen has had a long and successful career in the mining industry and has delivered exceptional value to the shareholders of his companies. Currently, Henk is CEO and Director of Wealth Minerals, a lithium exploration and development company with a large asset portfolio in Chile. Wealth has a substantial position in the Atacama Salar, developing a lithium project near to two operations that are the highest grade, lowest cost lithium producers globally and which account for 1/3 of global lithium production. Wealth was ranked #3 in Mining for the 2017 TSX Venture 50® Awards. Mr. Van Alphen was also a key player in such companies as Corriente Resources, Cardero Resources, Trevali Mining, Balmoral Resources, and International Tower Hill. During his career Van Alphen has raised and helped raise over $1bn in various financings. Mr. Pincus has over 40 years of industry experience. Most recently, Mr. Pincus was Chairman of Global Minerals Ltd., a company developing the Strieborna silver deposit in Slovakia. Prior to that he was Chairman of Esperanza Resources, which was acquired by Alamos Gold for a total value of $85M in 2013. His experience includes: Vice President of Sunshine Mining Company, overseeing the development of the 155-million-ounce Pirquitas silver deposit and Executive Vice President of the mining consulting firm, Pincock, Allen and Holt. Additionally, Mr. Pincus was a key player at FMC Gold (acquired by Meridian Gold) and Atlas Corporation where he was involved in the successful exploration and acquisition of various precious metal projects. He graduated from the University of Colorado with a B.A. in geology in 1975 and received an M.Sc. in geology and an M.Sc. in mineral economics in 1981 and 1986, respectively, from the Colorado School of Mines. He is a Certified Professional Geologist. Ashanti's CEO Tim McCutcheon said "We are very excited to have Mr. Van Alphen and Mr. Pincus join our advisory board. I take it as a vote of confidence in the quality of our projects and our approach to gold exploration. Drawing on these close relationships and their wealth of experience will be vital to Ashanti's aggressive advancement of our world-class assets." Ashanti is a gold-focused, exploration and development company with projects in the northern Ashanti Belt of Ghana and the Kenieba Belt of Mali. The Company targets projects where it has a competitive advantage due to past work experience of the team and specific project know-how. On Behalf of the Board of Directors of ASHANTI GOLD CORP. For further information, please contact: Ashanti Gold Corp. 2300 - 1177 West Hastings Street Vancouver BC, V6E 2K3 Phone: 604-638-3847 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 press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, timing and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.


TORONTO, ON / ACCESSWIRE / May 10, 2017 / Geodex Minerals Ltd. (TSXV: GXM) ("Geodex" or the "Company") is pleased to announce the following board changes and provide an update on the Company's corporate re-structuring initiative and Goldway SRL acquisition. The Company would like to welcome Mr. John Anderson to the board. Mr. Anderson brings over 20 years of capital markets and experience on national and international exchanges such as the TSX, NYSE, NASDAQ, London AIM and Swiss Stock Exchange. He also has significant and relevant corporate experience in developing and financing start-up companies in the resource sector. He was a founder of Deep 6 PLC, American Eagle Oil and Gas as well a founding general partner in Aquastone Capital LLC, a New York based gold fund. Mr. Anderson is currently CEO of Triumph Gold (formerly Northern Freegold) where he has re-organized the company and raised more than $35 million. Prior thereto, he worked in Investor Relations at Bema Gold and corporate Development at Manulife Financial in commercial real estate. Mr. Mark Fields has resigned as a director of the Company effective immediately. The board of directors and management would like to thank Mr. Fields for his contribution to the Company over the years and wish him every success in his future endeavours. The Company started its re-structuring process almost 2 years ago to position itself as a self-sustaining, cash flow generating company, providing high leverage to gold and other commodity prices. As part of that effort the Company entered into an agreement to acquire a licensed gold trading company (Goldway SRL), restructured its debt and initiated a C$2 million financing to fund the acquisition and working capital announced in the Company's news release dated January 6,2017. The Company currently has 2,779,827 common shares issued and outstanding and upon closing its planned financing, acquisition and debt settlements the Company will have approximately 14,880,420 common shares outstanding and will have moved toward advancing its planned re-structuring efforts in support of generating sustainable revenue and cash flow. Closing of the financing, acquisition and debt settlements are subject to receipt of all necessary approvals, including that of the TSX Venture Exchange. The Company would like to thank its existing shareholders and new investors as it continues to carry out and execute its business plan to build a Next Generation Metals and Mining Company. Geodex is focused on transforming itself to become a Next Generation Metals and Mining Company. The Company has been structured to provide not only high leverage to commodity prices and exploration and development success but also above average growth and a high return on invested capital for our stakeholders. We believe our active involvement in the physical commodities market provides us with insights in global primary supply and demand trends that in turn create a strategic and competitive advantage on new mine development and expansion opportunities on a global basis. GXM management and board have over 75 years collective expertise in exploration, development, operations, mining finance and capital markets to acquire and possibly make direct investments in projects and/or provide merchant banking advisory services to the benefit of our shareholders and client alike. ON BEHALF OF THE BOARD OF DIRECTORS GEODEX MINERALS LTD. For further information, please contact Investor Relations at 647-985-2785 or [email protected] Visit our website at www.geodexminerals.com This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be 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.


Reno, NV, May 22, 2017 (GLOBE NEWSWIRE) -- Dakota Territory Resource Corp (DTRC) ("Dakota Territory" or the "Company") is pleased to announce that  the Company's research of historic data has identified high grade gold mineralization under Dakota Territory’s recently acquired property at Maitland.   In the 1960’s, Homestake Mining Company collared diamond drill hole # 6091A at the western fringe of the Maitland Mine and drilled at a -50 degree angle to the southwest across Dakota Territory’s recent land acquisition.  The hole was drilled to a total depth of 137.5 meters, including an 11.3 meter-long intercept from 111.2 meters to 122.5 meters down hole containing 5.18 grams per tonne gold.  The gold intercept in diamond drill hole #6091A was in the Precambrian Poorman – Homestake – Ellison stratigraphic sequence that hosted the 40 million ounce Homestake gold deposit located just over 4 km to the south. Dakota Territory acquired the historic Homestake diamond drill data through a commercial use agreement with the Homestake Adams Research and Cultural Center at Deadwood, SD.  The Homestake Adams Research and Cultural Center maintains the 125-year record of Homestake’s mining activities in the Northern Black Hills of South Dakota, including data sets and technical reports for the Homestake Mine and other properties. Richard Bachman, Certified Professional Geologist, has reviewed the technical disclosure contained in this news release and is a Qualified Person of the Company. Dakota Territory Resource Corp. is a Nevada Corporation with offices located at Reno, Nevada. Dakota Territory is committed to creating shareholder value through the acquisition and responsible exploration and development of high caliber gold properties in the Black Hills of South Dakota. In terms of total historic US gold production, the Black Hills ranks second only to the Carlin District of northeast Nevada, with the gold production of the Black Hills concentrated in a 100 square mile area known as the Homestake District. Dakota Territory maintains 100% ownership of three mineral properties including the Blind Gold, City Creek and Homestake Paleoplacer Properties, all of which are located in the heart of the Homestake District and cover a total of approximately 3,341 acres. The Blind Gold Property is located approximately 4 miles northwest and on structural trend with the historic Homestake Gold Mine. Through its 125 year production history, the Homestake Gold Mine produced approximately 40 million ounces of gold and is the largest iron-formation-hosted gold deposit in the world In the 1980's and 1990's Homestake Mining Company undertook a $70 million exploration program managed by Richard Bachman, president and chief executive officer of Dakota Territory that was focused primarily on the search for a repeat of the Homestake Mine. This program successfully discovered significant new gold mineralization beyond the confines of the producing mine, demonstrating repeatability and the potential for additional gold deposits in the Homestake iron-formation host. This program also proved the continuous extension of the Homestake iron-formation to a distance of approximately 4 miles from the producing mine and under the Blind Gold Property. Dakota Territory Resource Corp is uniquely positioned to leverage Management's extensive exploration and mining experience in the Black Hills of South Dakota with Homestake Mining Company. For more information on Dakota Territory, please visit the Company's website at http://DakotaTRC.com/. Investor Relations Contact: For more information, please contact Dakota Territory Resource Corp (775) 747-0667 The United States Securities and Exchange Commission ("SEC") limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. Our property currently does not contain any known proven or probable ore reserves under SEC reporting standards. Our reference above to the various formations and mineralization believed to exist in our property as compared to historical results and estimates from other property in the district is illustrative only for comparative purposes and is no indication that similar results will be obtained with respect to our property. U.S. investors are urged to consider closely the disclosure in our latest reports filed with the SEC. You can review and obtain copies of these filings at http://www.sec.gov/edgar.shtml. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov.


Reno, NV, May 22, 2017 (GLOBE NEWSWIRE) -- Dakota Territory Resource Corp (DTRC) ("Dakota Territory" or the "Company") is pleased to announce that  the Company's research of historic data has identified high grade gold mineralization under Dakota Territory’s recently acquired property at Maitland.   In the 1960’s, Homestake Mining Company collared diamond drill hole # 6091A at the western fringe of the Maitland Mine and drilled at a -50 degree angle to the southwest across Dakota Territory’s recent land acquisition.  The hole was drilled to a total depth of 137.5 meters, including an 11.3 meter-long intercept from 111.2 meters to 122.5 meters down hole containing 5.18 grams per tonne gold.  The gold intercept in diamond drill hole #6091A was in the Precambrian Poorman – Homestake – Ellison stratigraphic sequence that hosted the 40 million ounce Homestake gold deposit located just over 4 km to the south. Dakota Territory acquired the historic Homestake diamond drill data through a commercial use agreement with the Homestake Adams Research and Cultural Center at Deadwood, SD.  The Homestake Adams Research and Cultural Center maintains the 125-year record of Homestake’s mining activities in the Northern Black Hills of South Dakota, including data sets and technical reports for the Homestake Mine and other properties. Richard Bachman, Certified Professional Geologist, has reviewed the technical disclosure contained in this news release and is a Qualified Person of the Company. Dakota Territory Resource Corp. is a Nevada Corporation with offices located at Reno, Nevada. Dakota Territory is committed to creating shareholder value through the acquisition and responsible exploration and development of high caliber gold properties in the Black Hills of South Dakota. In terms of total historic US gold production, the Black Hills ranks second only to the Carlin District of northeast Nevada, with the gold production of the Black Hills concentrated in a 100 square mile area known as the Homestake District. Dakota Territory maintains 100% ownership of three mineral properties including the Blind Gold, City Creek and Homestake Paleoplacer Properties, all of which are located in the heart of the Homestake District and cover a total of approximately 3,341 acres. The Blind Gold Property is located approximately 4 miles northwest and on structural trend with the historic Homestake Gold Mine. Through its 125 year production history, the Homestake Gold Mine produced approximately 40 million ounces of gold and is the largest iron-formation-hosted gold deposit in the world In the 1980's and 1990's Homestake Mining Company undertook a $70 million exploration program managed by Richard Bachman, president and chief executive officer of Dakota Territory that was focused primarily on the search for a repeat of the Homestake Mine. This program successfully discovered significant new gold mineralization beyond the confines of the producing mine, demonstrating repeatability and the potential for additional gold deposits in the Homestake iron-formation host. This program also proved the continuous extension of the Homestake iron-formation to a distance of approximately 4 miles from the producing mine and under the Blind Gold Property. Dakota Territory Resource Corp is uniquely positioned to leverage Management's extensive exploration and mining experience in the Black Hills of South Dakota with Homestake Mining Company. For more information on Dakota Territory, please visit the Company's website at http://DakotaTRC.com/. Investor Relations Contact: For more information, please contact Dakota Territory Resource Corp (775) 747-0667 The United States Securities and Exchange Commission ("SEC") limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. Our property currently does not contain any known proven or probable ore reserves under SEC reporting standards. Our reference above to the various formations and mineralization believed to exist in our property as compared to historical results and estimates from other property in the district is illustrative only for comparative purposes and is no indication that similar results will be obtained with respect to our property. U.S. investors are urged to consider closely the disclosure in our latest reports filed with the SEC. You can review and obtain copies of these filings at http://www.sec.gov/edgar.shtml. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov.


Reno, NV, May 22, 2017 (GLOBE NEWSWIRE) -- Dakota Territory Resource Corp (DTRC) ("Dakota Territory" or the "Company") is pleased to announce that  the Company's research of historic data has identified high grade gold mineralization under Dakota Territory’s recently acquired property at Maitland.   In the 1960’s, Homestake Mining Company collared diamond drill hole # 6091A at the western fringe of the Maitland Mine and drilled at a -50 degree angle to the southwest across Dakota Territory’s recent land acquisition.  The hole was drilled to a total depth of 137.5 meters, including an 11.3 meter-long intercept from 111.2 meters to 122.5 meters down hole containing 5.18 grams per tonne gold.  The gold intercept in diamond drill hole #6091A was in the Precambrian Poorman – Homestake – Ellison stratigraphic sequence that hosted the 40 million ounce Homestake gold deposit located just over 4 km to the south. Dakota Territory acquired the historic Homestake diamond drill data through a commercial use agreement with the Homestake Adams Research and Cultural Center at Deadwood, SD.  The Homestake Adams Research and Cultural Center maintains the 125-year record of Homestake’s mining activities in the Northern Black Hills of South Dakota, including data sets and technical reports for the Homestake Mine and other properties. Richard Bachman, Certified Professional Geologist, has reviewed the technical disclosure contained in this news release and is a Qualified Person of the Company. Dakota Territory Resource Corp. is a Nevada Corporation with offices located at Reno, Nevada. Dakota Territory is committed to creating shareholder value through the acquisition and responsible exploration and development of high caliber gold properties in the Black Hills of South Dakota. In terms of total historic US gold production, the Black Hills ranks second only to the Carlin District of northeast Nevada, with the gold production of the Black Hills concentrated in a 100 square mile area known as the Homestake District. Dakota Territory maintains 100% ownership of three mineral properties including the Blind Gold, City Creek and Homestake Paleoplacer Properties, all of which are located in the heart of the Homestake District and cover a total of approximately 3,341 acres. The Blind Gold Property is located approximately 4 miles northwest and on structural trend with the historic Homestake Gold Mine. Through its 125 year production history, the Homestake Gold Mine produced approximately 40 million ounces of gold and is the largest iron-formation-hosted gold deposit in the world In the 1980's and 1990's Homestake Mining Company undertook a $70 million exploration program managed by Richard Bachman, president and chief executive officer of Dakota Territory that was focused primarily on the search for a repeat of the Homestake Mine. This program successfully discovered significant new gold mineralization beyond the confines of the producing mine, demonstrating repeatability and the potential for additional gold deposits in the Homestake iron-formation host. This program also proved the continuous extension of the Homestake iron-formation to a distance of approximately 4 miles from the producing mine and under the Blind Gold Property. Dakota Territory Resource Corp is uniquely positioned to leverage Management's extensive exploration and mining experience in the Black Hills of South Dakota with Homestake Mining Company. For more information on Dakota Territory, please visit the Company's website at http://DakotaTRC.com/. Investor Relations Contact: For more information, please contact Dakota Territory Resource Corp (775) 747-0667 The United States Securities and Exchange Commission ("SEC") limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. Our property currently does not contain any known proven or probable ore reserves under SEC reporting standards. Our reference above to the various formations and mineralization believed to exist in our property as compared to historical results and estimates from other property in the district is illustrative only for comparative purposes and is no indication that similar results will be obtained with respect to our property. U.S. investors are urged to consider closely the disclosure in our latest reports filed with the SEC. You can review and obtain copies of these filings at http://www.sec.gov/edgar.shtml. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov.


News Article | May 24, 2017
Site: globenewswire.com

Solidium Oy has acquired 3.0 per cent of the shares in Konecranes Plc for EUR 93.0 million.Konecranes is a world-leading group of Lifting Businesses(TM), serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. The Group has 17,000 employees at 600 locations in 50 countries. "Konecranes fits perfectly into Solidium's portfolio. The appealing factors for us are the company's strong market position combined with supreme technological expertise in the engineering industry value chain. Konecranes is a very interesting investment target and provides us with an opportunity for value creation. As Terex has now sold down its stake in Konecranes, the investment done by Solidium strengthens and stabilizes Finnish ownership in the company", says Solidium's Managing Director Antti Mäkinen.Further information: Managing Director Antti Mäkinen, tel. +358 (0) 10 830 8905 Solidium is a limited company wholly owned by the State of Finland. Its mission is to strengthen and stabilize Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The basis and core objective of Solidium's strategy is proper, value-enhancing asset management of its current holdings. Through its stakes, Solidium is a minority owner in twelve listed companies: Elisa, Kemira, Metso, Outokumpu, Outotec, Sampo, SSAB, Stora Enso, Talvivaara Mining Company, Telia Company, Tieto and Valmet.The market value of Solidium's equity holdings was approximately 8.2 billion euros as of 23 May 2017.Further information: www.solidium.fi/en


News Article | May 24, 2017
Site: globenewswire.com

Solidium Oy has acquired 3.0 per cent of the shares in Konecranes Plc for EUR 93.0 million.Konecranes is a world-leading group of Lifting Businesses(TM), serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. The Group has 17,000 employees at 600 locations in 50 countries. "Konecranes fits perfectly into Solidium's portfolio. The appealing factors for us are the company's strong market position combined with supreme technological expertise in the engineering industry value chain. Konecranes is a very interesting investment target and provides us with an opportunity for value creation. As Terex has now sold down its stake in Konecranes, the investment done by Solidium strengthens and stabilizes Finnish ownership in the company", says Solidium's Managing Director Antti Mäkinen.Further information: Managing Director Antti Mäkinen, tel. +358 (0) 10 830 8905 Solidium is a limited company wholly owned by the State of Finland. Its mission is to strengthen and stabilize Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The basis and core objective of Solidium's strategy is proper, value-enhancing asset management of its current holdings. Through its stakes, Solidium is a minority owner in twelve listed companies: Elisa, Kemira, Metso, Outokumpu, Outotec, Sampo, SSAB, Stora Enso, Talvivaara Mining Company, Telia Company, Tieto and Valmet.The market value of Solidium's equity holdings was approximately 8.2 billion euros as of 23 May 2017.Further information: www.solidium.fi/en


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES US$1,850,000 in advance funding from Corcoran spinoff transaction received to date of the US$2,000,000 total Preparation for gold production continues on track at Dufferin mine and mill; test milling of low grade materials yielded 87% recovery of gold in gravity concentrates; high grade materials yielded 96% recovery Resource Capital Gold Corp. (TSX VENTURE: RCG) ("RCG" or the "Company") is pleased to announce that the Board of Directors has appointed Mr. Greg Gibson, currently the President and CEO of Sprott Mining Company, to its Board of Directors. Mr. Gibson will replace Dr. Michael G. Nelson, who will join the Company's Advisory Board. The Company would like to thank Dr. Nelson for his service on the Board of Directors and looks forward to his continued assistance in an advisory capacity. In addition to serving as a member of the Board of Directors, Mr. Gibson will also chair the Company's Technical Committee and will assist the Company in its imminent start up operations at the Dufferin Mine and in the activities of ramping up the operations to full capacity. Mr. Gibson is President and CEO of Sprott Mining and Jerritt Canyon Gold LLC. He has more than 30 years' experience in the mining industry as a miner, mine manager, director, CEO and President. Greg's experience has focused on gold and copper mines primarily in Canada, US, and Australia. He successfully led Trelawney Mining and Exploration as President, CEO and director from an early explorer to the $608 million sale to IAMGOLD in 2012. Greg is Chairman and Interim CEO of Metanor Resources Inc. A director of Ascot Resources, Sprott Mining Inc., and Jerritt Canyon Canada. "We are very pleased to welcome Greg Gibson to our Board of Directors, who will bring us tremendous mine development experience to add to our existing staff experience," said George S. Young, CEO of RCG. "While the final preparations at Dufferin for the commencement of operations have been substantially completed, Greg will be instrumental in the smooth ramp up from the initial operating level toward full production rates at the mine and the mill. Once we have completed that ramp up, we will be in an excellent position to immediately commence development at the Forest Hill and Tangier properties with the experience gained at Dufferin. Preliminary Economic Assessments on those projects are already underway." RCG is also pleased to announce that it has received a total to date of US$1,850,000 in advance funding toward the total cash amount of US$2,000,000 for the sale of the Corcoran project. With the receipt of these funds and the recent receipt of the mining lease for the Dufferin project from the Nova Scotia Department of Natural Resources, preparations for commencement of full operations at its Dufferin Gold Mine and Mill ("Dufferin Project") continue on track.1 Test milling operations of both low grade and high grade materials have been successfully carried out at Dufferin. Gold recoveries from the low grade materials of 87% were generated following initial testing and adjustments in the mill circuits. Recoveries of 96% of contained gold were generated from test milling of the high grade materials. Final adjustments are being made to the mill, in particular to the gravity table and in the processes for cleaning of the gravity concentrations prior to the pouring of gold bars for sale. About Resource Capital Gold and the Dufferin Project Resource Capital Gold Corp. is developing the high-grade Dufferin Gold Mine and mill in Nova Scotia, with initial gold production from test milling achieved in March 2017. The Dufferin project covers 1,684 hectares in 104 mineral claims which contain more than 14 east-west trending "saddle reef" quartz vein gold-bearing structures, each with free-milling gold. The stacked gold reefs are open at depth and extend along trend for over 4.7 kilometers. The Company is also advancing the Tangier and Forest Hill gold projects and is preparing preliminary economic assessments ("PEA's") on both. Forest Hill is an advanced gold project with a drilled gold resource. Gold was discovered in 1893, followed by production, which up to 1916 produced 26,792 ounces at an overall recovered grade of 16.6 g/t Au. In the 1980s, a 230-m shaft was sunk and approximately 94,000 tonnes of ore mined. A total of 10 km of underground workings exist on the project, along with 249 surface drill holes totaling 34,413 m and 127 underground drill holes totaling 7,267 m. The project comprises 1,840 hectares in 115 exploration claims. Steeply dipping stratabound quartz veins on the south limb of the east-west trending Forest Hill anticline contain free-milling gold. Numerous veins have been encountered on the property, and they have been tracked for over 600 m along strike and 250 m down dip with excellent continuity demonstrated by drilling and mine workings. The project shows very good grades, and bulk sampling during the 1980s returned grades between 9.2 g/t Au and 13.8 g/t Au for diluted ore, with 94.9% overall recovery, of which 74.2% recovery was attained by gravity methods alone. The expansion potential at Forest Hill is very good, with mineralization open at depth along the entire mineralized system. Tangier was the site of the first gold discovery in Nova Scotia in 1860. Total historic gold production up to 1919 is estimated at 29,000 ounces at a recovered grade of 17.5 g/t Au. The property saw several phases of bulk sampling during the 1980s and 1990s, the best of which was 2,578 tonnes with a recovered grade of approximately 16 g/t Au. A total of 211 surface and underground drill holes have been completed on the property. Past mining activities have developed 3,300 m of underground workings. The mine sits on a project area of 1,904 hectares in 119 exploration claims. The Tangier gold deposit is situated along the east-west trending Tangier anticline, a structure that has been traced for 7.3 km. Within this anticline, two sections totaling 1.4 km have been explored with drilling and past mining, which demonstrate good continuity of gold-bearing quartz veins to depths of 300 m. Gold-bearing quartz veins have been identified over a total strike length of 3.4 km on the property. This work has identified 70 or more gold-bearing quartz veins, demonstrating an extensive mineralized system. Mineralization at Tangier consists of coarse flake gold and nuggets in generally stratabound quartz veins up to 1.5 meters thick containing calcite and up to 5% sulfide minerals, including pyrite, pyrrhotite, arsenopyrite, sphalerite, and galena. The characteristics of the mineralization indicate that the deposit is an orogenic gold deposit, similar to the Dufferin Mine and others in Nova Scotia's Meguma Terrane. The scientific and technical data contained in this news release was reviewed and approved by Michael P. Gross, M.Sc., P.Geo., who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. On behalf of the Board of Directors of Resource Capital Gold Corp. 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 information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about the Company's plans to conclude the sale of the Corcoran project including the share dividend (there is no assurance that AUSAG will successfully complete an initial public offering in Australia or list on the ASX or become a reporting issuer in Canada and dual list on a Canada stock exchange), and the Company's plans for Dufferin. and the respective timing for completion of any activities to further such plans, the results of the PEA and the ability of the Company to achieve those results, including capital and operating costs, mine life, anticipated internal rate of return and net present value, payback period, ramp-up periods, production costs, production parameters, recovery rates, assumptions on which the PEA is based including metal prices and exchange rates, and the Company's prospects for growth and the ability to attain such growth. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history, uncertainty as to the ability to achieve the results described in the PEA as the PEA is preliminary in nature and may have a wide variance from actual results, risks from making a production decision without any feasibility study completed on the Company's properties, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving drilling programs and the Company's ability to expand and upgrade existing resource estimates, any applicable regulatory processes and actions, risks applicable to mining operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. 1 The Company is not basing its production decision on a feasibility study of mineral reserves demonstrating economic and technical viability; as a result there is increased uncertainty and economic and technical risks of failure associated with its production decision.


VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 23, 2017) - Ivanhoe Mines (TSX:IVN)(OTCQX:IVPAF) announced today that it has received the fifth and final installment of US$41.2 million owing from a subsidiary of Zijin Mining Group Co., Ltd. as part of a strategic co-development agreement under which Zijin acquired 49.5% of Ivanhoe's majority stake in Kamoa Holding Limited. Kamoa Holding has an indirect 80% interest in the tier one Kamoa-Kakula Copper Project, in the Democratic Republic of Congo, now being jointly developed by Ivanhoe and Zijin. Zijin − through its subsidiary, Gold Mountains (H.K.) International Mining Company Limited - agreed to pay US$412 million for a 49.5% interest in Kamoa Holding Limited. Zijin paid an initial US$206 million at closing in December 2015, followed by the payment of the first four scheduled US$41.2 million installments in March, July and October of last year and February of this year. Following the signing of a partnership agreement with the DRC government in November 2016, Ivanhoe and Zijin Mining now each hold an indirect 39.6% interest in the Kamoa-Kakula Project, Crystal River Global Limited holds an indirect 0.8% interest and the DRC government holds a direct 20% interest. After the receipt of the fifth installment from Zijin, Ivanhoe's consolidated working capital is approximately US$325 million (C$440 million). Ivanhoe Mines is advancing its three principal projects in Sub-Saharan Africa: 1) Mine development at the Platreef platinum-palladium-gold-nickel-copper discovery on the Northern Limb of South Africa's Bushveld Complex; 2) mine development and exploration at the Kamoa-Kakula Copper Project on the Central African Copperbelt in the DRC; and 3) upgrading at the historic, high-grade Kipushi zinc-copper-lead-germanium mine, also on the DRC's Copperbelt. For details, visit www.ivanhoemines.com.


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

TORONTO, ONTARIO--(Marketwired - May 23, 2017) - Liberty Silver Corp. ("Liberty" or the "Company") (CSE:LSL) is pleased to announce that, following discussions with Placer Mining Corp. ("Placer" or the "Vendor"), the current owner of the Bunker Hill Mine, that have occurred over the last several days, Placer and Liberty have elected to undertake several modifications to the Letter of Intent that exists between the Parties. Pursuant to these amendments, the parties have agreed, among other things, that, in consideration of the use of the Russell Tunnel, Liberty will indemnify the vendor and its officers, agents and employees from any liabilities arising out of Liberty's repair and use of the Russell Tunnel, the connected ramp system and access to the Newgard area and other tunnels connected to the Russell Tunnel that will be accessed by Liberty's due diligence programs. Liberty also agrees to provide certain evidence of insurance coverage and workmen's compensation insurance compliance from its principal contractor, who is currently working at the Russell Tunnel. Also, in consideration of Liberty's continuing to make public news releases and public filings regarding agreements, progress and timelines with respect to due diligence and progress toward closing the Bunker Hill Mine purchase, Liberty agrees to indemnify the Vendor and its officers, agents and employees from any liabilities arising out of the filing or dissemination of news releases, reports and other market information with respect to the Bunker Hill proposed transaction, including any alleged negligence of the vendor with respect to dissemination of information. In this regard, Liberty agrees to notify Placer of any future news releases to enable Placer to provide comments. The closing date for the sale is extended to July 28, 2017 to enable the parties to complete necessary agreements and plans with applicable United States government agencies. Additionally, either party can request a further extension of 30 days if requested. Liberty agrees to make a partial payment of US$100,000 to be credited toward the purchase price (and an additional US$100,000 if closing is extended for an additional 30 days) and Placer agrees to provide, within a defined period, certain financial and corporate information specified by the terms of the Letter of Intent. The Vendor also agrees to provide its comments and proposed changes to the definitive purchase agreement by June 10, 2017 with both parties acknowledging that further changes to the definitive agreement may result from due diligence, discovery, and results of upcoming meetings with applicable United States governmental agencies. Finally, the vendor has retracted certain notices of default that have been addressed by the recent amendments. On completion of the sale, the acquisition of the Bunker Hill Mine Complex will include all current and historic data relating to the Bunker Hill Mine Complex (such as drill logs, reports, maps and similar information located at the mine site or at any other location); all mining rights and claims, surface rights, easements, existing infrastructure at Milo Gulch; all equipment and infrastructure located anywhere underground at the Bunker Hill Mine Complex; and the majority of machinery and buildings at the Kellogg Tunnel portal level excluding the machine shop building and milling equipment located within the building. Also excluded are the historic Caledonia Mine (East Hanging Wall area), the Crystal Vug Stope, and a group of patented mining claims located east of the Bunker Hill, all of which will remain the property of Placer Mining Corp. Initial discovery and development of the property began in 1885, and from that time until the mine closed in 1981 it produced over 35.8 million tons of ore at an average mined grade of 8.76% lead, 4.52 ounces per ton silver, and 3.67% zinc (Bunker Limited Partnership,1985). Throughout the long history of the mine, there were over 40 different orebodies discovered and mined, primarily consisting of Zinc-Lead-Silver mineralization. The Bunker Hill and Sullivan Mining Company had a strong history of regular dividend payments to shareholders from the time the Company went public in 1905 until it was acquired in a hostile takeover by Gulf Resources in 1968. When the mine first closed in 1981, it was estimated to still contain significant resources (Bunker Limited Partnership, 1985). The Mine and Smelter Complex were closed in 1981 when Gulf Resources was not able to continue to comply with new regulatory structures brought on by the passage of environmental statutes and as then enforced by the Environmental Protection Agency (EPA). The Bunker Hill Lead Smelter, Electrolytic Zinc Plant and historic milling facilities were demolished about 25 years ago, and the area became part of the "National Priority List" for cleanup under EPA regulations, thereby pausing development of the Bunker Hill Mine. The Company has been in contact with government officials who have expressed strong support and cooperation for the Company efforts. The acquisition price, as described in the Letter of Intent, is a total of US$30,000,000. The initial US$15,000,000 of the total acquisition price will be paid annually over the course of 5 years from the closing date, of which US$150,000 has been paid to date pursuant to the Letter of Intent; US$3,350,000 will become due by the closing date; US$3,500,000 is due on the first anniversary of the closing date; US$3,000,000 on the second anniversary; US$2,000,000 on the third and fourth anniversaries; and US$1,000,000 on the fifth anniversary. The balance of US$15,000,000 will become due in 15 equal installments beginning upon the anniversary of the closing date in 2023 and on each anniversary of the closing date thereafter. The Letter of Intent provides for conditions under which the fifteen equal payments may be accelerated and paid partly in shares based on prevailing market prices and share volumes. In addition, a net smelter return royalty with an aggregate maximum capped payment of US$60,000,000 will be granted at a rate of 2% for the first US$15,000,000; 1% for the next US$15,000,000; and 0.5% for the remaining US$30,000,000. The Company has, to date, made payments totalling US$280,000 with respect to certain property carrying costs and which are not counted toward the purchase price. Additionally, for two years after the closing, the Company will hire three members of Placer's current staff. Further announcements will be made from time to time on the status of the acquisition of the Bunker Hill Mine Complex. Technical information in this press release was reviewed and approved by James Baughman, P.Geo., a consultant to Liberty, and a Qualified Person under National Instrument 43-101. Liberty has the right to earn a joint venture interest in the 10,020-acre Trinity Silver Project pursuant to the terms of an earn-in agreement with Renaissance Exploration Inc. The Trinity Silver Project, located in Pershing County, Nevada, is Liberty's flagship project. Liberty has entered into the Letter of Intent to Acquire the Bunker Hill Mine Complex which is subject to due diligence and definitive documentation. Information about Liberty is available on its website, www.libertysilvercorp.com, or in the SEDAR and EDGAR databases. Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase 'forward-looking information' in the Canadian Securities Administrators' National Instrument 51-102 - Continuous Disclosure Obligations. The forward looking statements made herein are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations or assumptions with respect to, among other things, the ability of Liberty to successfully complete due diligence on the Bunker Hill Mine Complex, settle a definitive agreement on the terms as provided in the Letter of Intent or other satisfactory terms or at all, and fund the initial purchase payment for which Liberty does not have funds at this time, the ability of Liberty to preserve its interests in the Trinity Silver Project which is dependent on the completion of a feasibility study, the Company's present and future financial condition, the Company's ability to secure financing, the Company's ability to secure a public market for its securities, and the state of financial markets. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan", and may include statements regarding, among other things, the terms of the Letter of Intent to acquire the Bunker Hill Mine Complex, completion of the necessary due diligence and funding of the acquisition. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: the inability of Liberty to successfully complete due diligence on the Bunker Hill Mine Complex, settle a definitive agreement on the terms as provided in the Letter of Intent or other satisfactory terms or at all, and fund the initial purchase payment for which Liberty does not have funds at this time; the inability of Liberty to complete a feasibility study pursuant to the terms of the Trinity Silver Project earn-in agreement; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing; the inability of the Company to secure a public market for its securities and whether an active public market can be developed or sustained; development of changes in general economic conditions and conditions in the financial markets; changes in demand and prices for precious metals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors made in public disclosures and filings by the Company should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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