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Globex Options Second Labrador Trough Iron Project

ROUYN-NORANDA, QUEBEC -- (Marketwire) -- 07/25/11 -- GLOBEX MINING ENTERPRISES INC. (TSX: GMX) (FRANKFURT: G1M) (OTCQX: GLBXF) is pleased to announce that it has signed an Option Agreement with Titan Iron Ore Corp (OTCBB: TFER) wherein Titan may earn 100% interest in a Globex, Labrador trough area iron exploration property in Northern Quebec.The property consists of 200 claims totalling approximately 9,160 ha (22,635 acres) and covers a 32 kilometre (19.9 miles) long magnetic anomaly which coincides with known showings of magnetite, an ore of iron.The agreement has a 90 day due diligence pro ...


Gold Standard Announces Expansion of Railroad Drill Program

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/26/11 -- Gold Standard Ventures Corp. ("Gold Standard") (TSX VENTURE: GV)(OTCQX: GDVXF) announced today that it has expanded its exploration program on its 100% controlled, 22 square mile, Railroad Project located on the Carlin Gold Trend in north-central Nevada.Two core rigs and 1 RC rig are now testing two of the three main target zones on the property. The RC rig and a core drill are testing the North Bullion target zone where significant mineralization was discovered by Gold Standard late in 2010. The other core drill is testin ...


North Bay Resources Inc. (NBRI) Issues Ruby Gold Project Update

SKIPPACK, PA -- (Marketwire) -- 07/26/11 -- North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to inform shareholders of additional plans underway to prepare for the start of operations at the Ruby Mine in Sierra County, California.A program of general inspection has now commenced, with the objective being the repair and maintenance of the underground workings in preparation for the start-up of operations.The Company is presently soliciting bids from qualified mining contractors to restore proper ventilation to the Ruby Mine underground worki ...


Typhoon Exploration Inc. Continues Exploration on the Fayolle Property

LAVAL, QUEBEC -- (Marketwire) -- 07/26/11 -- Typhoon Exploration Inc. (TSX VENTURE: TYP) wishes to inform its shareholders and the financial community about the progress of its exploration program on the 100% owned Fayolle property. The campaign was planned by Typhoon Exploration Inc. and Aurizon Mines Ltd. as part of a partnership agreement.To date, nearly 30,000 meters of diamond drilling were completed in the 2011 campaign, planned for 50,000 meters. More than 42 exploration holes have been completed and several more are planned. Finally, 58 holes were drilled on the Fayolle Deposit and m ...


Source Awards 5,000 Metre Drilling Contract and Adds Second Drill at Las Minas Gold-Silver-Copper Project, Veracruz, Mexico

TORONTO, ONTARIO -- (Marketwire) -- 07/26/11 -- SOURCE EXPLORATION CORP. (the "Corporation" or "Source") (TSX VENTURE: SOP) announces the awarding of an additional 5,000 metre drilling contract to Groupo Drilcor, S.A. De C.V. and mobilization of a second drill to its Las Minas gold - silver - copper project at Las Minas, Veracruz, Mexico. The expanded drilling program will focus on extending the significant skarn mineralization delineated by recent drilling as well as exploratory drilling at the historical Changaro mine to test extensions identified by the company's ...


Luna Gold Announces the Closing of a US $30 Million Senior Secured Credit Facility

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/26/11 -- Luna Gold Corp. (TSX VENTURE: LGC)(BVLAC: LGC) ("Luna Gold" or the "Company") is pleased to announce the closing of a US$ 30 million senior secured credit facility (the "Facility") with WestLB AG. This Facility is comprised of a US$ 20 million senior secured term loan (the "Term Loan") and a US$ 10 million (Brazilian Real equivalent) senior secured revolving loan (the "Revolving Facility"). The purpose of the Facility is to refinance the Company's existing debt with RMB Resources ...


Fission Energy Corp.: Waterbury Lake Winter 2011 Drill Assays Delineate J Zone Increase over 300% Strike Length from 2010

KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 07/26/11 -- FISSION ENERGY CORP. ("Fission" or the "Company") (TSX VENTURE: FIS)(OTCQX: FSSIF) and its Limited Partner, the Korea Waterbury Uranium Limited Partnership ("the Waterbury Consortium"), announce the final assay results from their Waterbury Lake 2011 winter program. A total of 26,305m were completed in eighty-two holes, of which fifty-three holes were completed in the high grade J Zone uranium deposit. Ten holes were drilled at PKB, two at J East and nine regional exploration holes in the Discovery Bay Corr ...


East Asia Minerals Announces Management Change

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/26/11 -- East Asia Minerals Corporation (TSX VENTURE: EAS) announces changes to its management structure, effective immediately. Michael Hawkins has resigned as CEO-President-Director of East Asia, and is replaced by Dr. Darryl Clark and Mr. Alex Granger. The Company also announces the recent acceptance by Edward Rochette as the Chairman of the Board of Directors of East Asia Minerals. These changes come at a time when the Miwah Gold Project is about to move from an exploration stage towards feasibility, and Mr. Hawkins and the BoD of East As ...


MDN Inc.: Tulawaka had a 49% Increase in Gold Production During the First Half of the Year

MONTREAL, QUEBEC -- (Marketwire) -- 07/26/11 -- MDN Inc. ("MDN") (TSX: MDN) reports to its shareholders that African Barrick Gold plc (ABG), the project operator at the in Tanzania, in which MDN has a 30% participating interest, announced second quarter and first half operational results.Gold production at Tulawaka (100 %) for the first half was 41,131 ounces, an increase of 49% compared to the same period last year. The increase in production was driven by higher grade underground zones being mined, as well as a greater proportion of the ore milled in the process plant coming from ...


Trueclaim Exploration Discovers Potential New Zone at Scadding

LONDON, ONTARIO -- (Marketwire) -- 07/26/11 -- Trueclaim Exploration Inc. (TSX VENTURE: TRM)(OTCQX: TRMNF) ("Trueclaim") is pleased to announce that it intersected a previously unknown area of gold mineralization in its Phase II drilling Program. TRM-11-48 from 98m to 103m contains an interval of 5m assayed at 4.54g/t gold. Below this interval was a section of 10.25m from 128.75m to 139m grading 1.37g/t gold. True width is assumed because structural analysis has determined the orientation of auriferous chlorite banding on the Scadding Mine site and this hole was drilled perpendicul ...


Eagle Hill Reports Up To 97 Percent Gold Recovery at Windfall Lake

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/26/11 -- (TSX VENTURE: EAG) Eagle Hill Exploration Corporation ("Eagle Hill" or the "Company") announces today that results from initial metallurgical test work from the Windfall Lake Property (the "Property" or the "Windfall Lake Property") in Quebec demonstrate gold recoveries up to 97%.The initial metallurgical testing indicates that gold recovery can be achieved by conventional processing. A total of 17% of the gold was recovered through gravity and an additional 80% was recovered in gold bearing su ...


US Gold Appoints William Faust Chief Operating Officer

TORONTO, ONTARIO -- (Marketwire) -- 07/27/11 -- US GOLD CORPORATION (NYSE: UXG)(TSX: UXG) is pleased to announce the appointment of William Faust as Chief Operating Officer, effective August 1, 2011. Mr. Faust will direct US Gold's mining operations in Mexico and Nevada, including the development, construction and operation of the El Gallo and Gold Bar projects. Mr. Faust has over 30 years of engineering and management experience, particularly in open pit mining in Mexico and the Western United States.Mr. Faust most recently served as Senior Vice President and Chief Operating Officer of ...


Cadillac Obtains 0.36% Copper Over 430 Feet

TORONTO, ONTARIO -- (Marketwire) -- 07/27/11 -- Cadillac Ventures Inc. (TSX VENTURE: CDC) ("Cadillac" or the "Company") announces results of four holes drilled on the K1-1 deposit located 3 kms east of the Thierry Mine deposit, on the wholly owned Thierry Project property outside of Pickle Lake, Ontario. Each of these holes successfully intersected widespread shallow mineralization, including K-11-04 which intersected a weighted average of 0.36% Cu over 430 feet, between 150 and 580 feet down the hole.Commencing in March 2011 Cadillac has drilled a total of 16 holes into ...


Superior Mining Announces a Renewed Focus on South Africa, Mangalisa Project and Refines New Zealand Property Portfolio

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/27/11 -- Superior Mining International Corporation (the "Company" or "Superior") (TSX VENTURE: SUI) announced today that Brent Butler, the newly appointed President and CEO, has conducted a review of all of Superiors' properties to ascertain their exploration merit.Based on this review, the Company has decided to concentrate its resources on advancing its 87% owned Mangalisa gold reef property in the Free State of South Africa, where two phases of drilling have intersected a conglomerate reef with anomalous gold and u ...


Victoria Strengthens Its Board and Management Team With the Nomination of Two New Directors and the Appointment of a New Officer

TORONTO, ONTARIO -- (Marketwire) -- 07/27/11 -- Victoria Gold Corp.(TSX VENTURE: VIT) ("Victoria" or the "Company") is pleased to announce that two highly qualified individuals, Mr. Edward Dowling and Mr. Christopher Hill, have been nominated to serve on the Company's Board of Directors. Additionally, T. Sean Harvey, Hugh Agro, Leendert Krol, Michael McInnis and John McConnell are to stand for re-election to the company's Board of Directors. The election will take place at the Company's annual general meeting being held on August 18, 2011 in Whitehorse, Yuk ...


Andover Reports 16.5 Meter Intercept of 6.6 % Copper Equivalent in Initial Results From The 2011 Drill Program at Sun Property Alaska

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/27/11 -- Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE: AOX)(OTCBB: AOVTF)(FRANKFURT: R2X), is pleased to announce the assay results from the first two drill holes of its 2011 drill program on the Sun Property located in the Ambler Mining District, Northwest, Alaska. Drill holes Sun11-23A and Sun11-24 were completed in June 2011 at depths of 316.4 and 157.3 meters, respectively.The 2011 drill core was split on site by Company staff and sent for assay at ALS Minerals located in Vancouver, British Columbia, ...


Mesa Exploration Commences Potash Exploration

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/27/11 -- Mesa Exploration Corp. (TSX VENTURE: MSA)(PINK SHEETS: MSAJF) ("Mesa") is pleased to announce that the company has commenced an exploration program on the Blawn Mountain and White Mountain potash projects in western Utah.The exploration program will involve a detailed, systematic ground geophysical survey, geological mapping and reconnaissance, with rock sampling at elevated radiometric readings and mineralization. The projects will be radiometrically surveyed as potash (potassium) emits a distinct signature sufficient for ...


Augen Gold's Board Unanimously Recommends Shareholders Reject Trelawney's Unsolicited Offer

TORONTO, ONTARIO -- (Marketwire) -- 07/27/11 -- Augen Gold Corp. ("Augen Gold" or the "Company") (TSX VENTURE: GLD) today announced that its Board of Directors unanimously recommends that shareholders reject the unsolicited offer by Trelawney Mining and Exploration Inc. ("Trelawney") to acquire the common shares of Augen Gold. The Board determined that the Trelawney offer fails to provide full value for Augen Gold shares and is an attempt by Trelawney to acquire Augen Gold without offering adequate consideration to Augen Gold shareholders. Accordingly, the Board ...


Bonanza Goldfields Names Advisory Board Member

PHOENIX, AZ -- (Marketwire) -- 07/27/11 -- Bonanza Goldfields Corp. (PINKSHEETS: BONZ) ("Bonanza" or the "Company") is pleased to announce the appointment of Mr. Peng-Mun (PM) Foo to the Advisory Board.Mr. PM Foo has over 17 years experience investing in and building businesses in Asia. PM holds a Singapore Fund Management Representative's license, and is a licensed Private Equity Fund Manager. He has served as Director, Asia Pacific with International Alliance Associates LLC, a cross border strategic advisory entity. PM was also a Deputy General Manager of London As ...


Woulfe Mining Announces Revised Capital Cost for Sangdong

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/27/11 -- Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE: WOF)(OTCQX: WFEMF) is pleased to provide an updated capital cost estimate for the development of the Sangdong tungsten-molybdenum project in South Korea. The new capital cost estimate is US$135 million for construction of a 1.2 million tonne per annum ("Mta") operation. Woulfe is fast tracking the Sangdong project as previously announced. In order to understand the costs associated with building the project for valuation and funding purposes, ...


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