Wednesday 26th October 2016

Resource Clips

July, 2012

Pretium reports BC Assays up to 2,393 g/t Gold, 1,605 g/t Silver over 10.7m

July 31st, 2012

Resource Clips - essential news on junior gold mining and junior silver miningPretium Resources Inc TSX:PVG announced assays from the Valley of the Kings and Gossan Hill Zones of its Brucejack Project in northwest BC. Results include

37.3 grams per tonne gold, 2,600 g/t silver over 1.79 metres
244.5 g/t gold, 157 g/t silver over 1 metre
1,140 g/t gold, 665 g/t silver over 0.5 metres
240.66 g/t gold, 108.72 g/t silver over 12.74 metres
(including 5,242 g/t gold, 2,120 g/t silver over 0.57 metres)
880.78 g/t gold, 427.12 g/t silver over 2.26 metres
(including 3,660 g/t gold, 1,750 g/t silver over 0.54 metres)
2,393 g/t gold, 1,605 g/t silver over 10.71 metres
(including 41,582 g/t gold, 27,725 g/t silver over 0.5 metres)
43.36 g/t gold, 30.7 g/t silver over 10.94 metres
(including 873 g/t gold, 474 g/t silver over 0.5 metres)
17.84 g/t gold, 29.25 g/t silver over 14.34 metres
(including 276 g/t gold, 338 g/t silver over 0.5 metres)
24.06 g/t gold, 102.82 g/t silver over 8 metres (Gossan Hill)
(including 243 g/t gold and 475 g/t silver over 0.6 metres) (Gossan Hill)

The Valley of the Kings Zone has an April 2012 indicated resource estimate of 8.9 million tonnes grading 17.3 g/t gold and 14.5 g/t silver for 4.9 million ounces gold and 4.1 million ounces silver. The inferred category shows 12.7 million tonnes grading 25.5 g/t gold and 11.6 g/t silver for 10.4 million ounces gold and 4.7 million ounces silver. The estimate uses a cutoff of 0.5 g/t gold equivalent.

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Robert Quartermain

or Michelle Romero
Corporate Relations Director

Read an interview with President/CEO Robert Quartermain

Read a feature story about Pretium Resources

by Kevin Michael Grace

GoldQuest reports Dominican Rep Assay: 4.47 g/t Gold, 1.27% Copper over 258m

July 31st, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGoldQuest Mining Corp TSXV:GQC announced July 31 an up to $15-million bought-deal private placement to fund its Dominican Republic gold-copper projects and working capital. On July 30, it reported assays from Hole LTP 93 of the Romero discovery on its 100%-owned Las Tres Palmas Project in central Dominican Republic. Highlights include

1.25 grams per tonne gold, 0.03% copper over 55.42 metres
4.47 g/t gold, 1.27% copper over 258.03 metres
(including 26.39 g/t gold, 1.59% copper over 12 metres)
(including 10.86 g/t gold, 1.55% copper over 8 metres)
(including 34.69 g/t gold, 2.06 % copper over 16.08 metres)
(including 74.11 g/t gold, 2.28% copper over 6.17 metres)

GoldQuest CEO Julio Espaillat commented, “Hole LTP 93 is considered to contain the most mineralization seen in the holes drilled to date and further adds to our understanding of the Romero mineralization. The hole will likely be our deepest, until a larger drill rig, with deeper drilling capability, arrives on site, which is expected to occur around the end of August. While the complete mineralization from top to bottom (using 0.15 g/t bottom cutoff, where grades lower than 0.15 g/t are considered zero and a nominal 50 g/t top cutoff) is 388 metres grading 2.46 g/t gold and 0.88 % copper, and the various horizons seem to be part of the same mineralizing system, the company considers it prudent to focus on reporting separately the copper poor section above and the copper enhanced section below.”

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Julio Espaillat

or Sebastian de Kloet
Investor Relations

by Kevin Michael Grace

El Niño reports NB Assays up to 55.5 g/t Silver, 1.14 g/t Gold, 2.42% Zinc over 89.1m

July 30th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningEl Niño Ventures Inc TSXV:ELN announced results from the Murray Brook Deposit in the Bathurst Mining Camp in New Brunswick. Results include

46.5 grams per tonne silver, 0.324 g/t gold, 0.53% copper, 0.98% lead and 3.45% zinc over 79.5 metres
49.2 g/t silver, 0.45 g/t gold, 0.16% copper, 1.33% lead and 3.83% zinc over 146 metres
51.9 g/t silver, 0.525 g/t gold, 0.1% copper, 1.63% lead and 4.12% zinc over 15.5 metres
22.4 g/t silver, 0.211 g/t gold, 0.59% copper, 0.24% lead and 1.55% zinc over 52 metres
42.8 g/t silver, 0.906 g/t gold, 0.35% copper, 0.81% lead and 1.63% zinc over 66.6 metres
69.8 g/t silver, 0.521 g/t gold, 0.15% copper, 1.82% lead and 4.62% zinc over 84.6 metres
(including 126 g/t silver, 1.396 g/t gold, 0.29% copper, 4.11% lead and 10.34% zinc over 13 metres)
12 g/t silver, 0.115 g/t gold, 4.11% copper, 0.03% lead and 0.12 % zinc over 19 metres
18.5 g/t silver, 0.122 g/t gold, 3.4% copper, 0.08% lead and 0.51% zinc over 15 metres
55.5 g/t silver, 1.141 g/t gold, 0.43% copper, 1.12% lead and 2.42% zinc over 89.1 metres

Votorantim Metals Canada Inc is the operator of the Murray Brook Project. Under Votorantim’s option and joint-venture agreement with Murray Brook Minerals and Murray Brook Resources, both privately held companies, Votorantim would earn a 50% interest in the properties by funding $2,250,000 in exploration expenditures and making payments totalling $300,000 over a three-year period that commenced November 1, 2010. Votorantim can earn an additional 20% interest in the properties by funding an additional $2,250,000 in exploration expenditures over an additional two-year period. El Niño has elected to enter into a participation agreement wherein it can earn 50% of Votorantim’s interest by paying 50% of the costs incurred by Votorantim in the option and joint-venture agreement. On May 10, 2012 El Niño announced that Murray Brook Minerals Inc has been given formal notice by El Niño and Votorantim of a 50% earned interest in the Murray Brook Project. Murray Brook Minerals has also been provided with a valid notice that El Niño and Votorantim are exercising their option to acquire and become owner of an additional 20% (for a total of 70%) interest in the Murray Brook claims.

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El Niño Ventures Inc

by Kevin Michael Grace

Aurizon reports Quebec Gold Assays up to 6.7 g/t over 25.4m, 10.1 g/t over 13.9m

July 30th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining Aurizon Mines Ltd TSX:ARZ announced gold assays from its Casa Berardi Gold Mine in northwest Quebec. Highlights include

6.7 grams per tonne gold over 25.4 metres
10.3 g/t over 2.7 metres
6.7 g/t over 10.8 metres
10.1 g/t over 13.9 metres
5.6 g/t over 14.3 metres
11.5 g/t over 8.3 metres
7.3 g/t over 7.1 metres
8.5 g/t over 5.9 metres
8.2 g/t over 3.7 metres
17.9 g/t over 2.4 metres
16.1 g/t over 6.4 metres
5.8 g/t over 9.5 metres
31 g/t over 2.5 metres

Principal Exploration Geologist Gilles Carrier commented, “The drill results confirming new mineralized lenses in the vicinity of Zone 123 has added to our geological understanding of the different mineralization styles, thereby increasing our knowledge of the ore depositional mechanism and thereby increasing the potential to identify additional clusters of lenses within this structure.”

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George Paspalas
604.687.6600 or tollfree 1.800.411.4653

Investor Relations

by Kevin Michael Grace

Seafield reports Colombia Gold Assays up to 3.23 g/t over 161.1m, 2.11 g/t over 22.9m

July 30th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSeafield Resources Ltd TSXV:SFF reported gold assays from its Miraflores Deposit in Quinchía District, Colombia. Highlights include

3.23 grams per tonne gold over 161.15 metres
(including 5.48 g/t gold over 60 metres)
0.38 g/t gold over 13 metres
0.32 g/t gold over 15.6 metres
0.95 g/t gold over 28.9 metres
3.89 g/t gold over 16 metres
2.11 g/t gold over 22.85 metres

President/CEO Cesar Lopez commented, “We are extremely pleased with the results of drill-hole QM-DH-34. This confirms the merit of the underground drill program that we are planning to initiate in 1Q 2013. The next phase of drilling will be a key component in the process of moving Miraflores towards feasibility level.”

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David MacMillan
Investor Relations
416.361.3434 x 202

by Kevin Michael Grace

Agnico-Eagle CEO Sean Boyd on 2Q Results

July 29th, 2012

…Read More

Agnico-Eagle reports $43.3M 2Q Profit

July 29th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningAgnico-Eagle Mines Ltd TSX:AEM announced its financial results for the three and six months ended June 30, 2012. Net income of $43.3 million or $0.25 per share was reported for 2Q, compared to $68.8 million net income or $0.41 per share for 2Q 2011. For the first six months of 2012, net income was $121.8 million or $0.71 per share, compared to $114.1 million or $0.68 per share for the first six months of 2011. Revenues for the first six months of 2012 were $390.6 million, compared to $337.6 million for the same period in 2011.

Gold production for 2Q was 265,350 ounces at $660 per ounce, compared to 239,328 ounces at $565 per ounce for 2Q 2011. Production guidance for 2012, previously estimated at between 875,000 to 950,000 gold ounces, is now forecast to be approximately 975,000 ounces at a cash cost of the lower end of the previously estimated range of $690 to $750 per ounce. As of June 30, 2012, cash and cash equivalents were $289.1 million, up from $199.1 million March 31. Capital expenditures for 2Q were $104.4 million and are expected to total approximately $452 million for 2012, up $34 million from previous guidance.

Meadowbank has demonstrated a capacity to run at high volumes, not only process high volumes but mine high volumes. That has driven record production in the quarter at good costs and with good cash generation. There is the potential to add a few years to the mine life, which is currently at about six years, and so we’re also looking at that right now—Sean Boyd

Agnico’s share price rose 10% in the two days after the release of the quarterly report. President/CEO Sean Boyd tells, “We’ve been an outperformer all year, so that’s a continuation of the outperformance and reflects two successive quality quarters from an operational cashflow-generation standpoint.

“It’s a tough business; we had our challenges last year. But we’ve been around for 55 years and a steady performer for many years with good returns, until we ran into a few hiccups last year. We were fortunate that we were able to address our issues quickly. Our employees were able to come up with plans to deal with the issues and were successful.”

Boyd elaborates on some of these ‘hiccups’: “Meadowbank is our Nunavut mine, and we put that into production in 2010. We had an extremely difficult year last year with a tough winter. We had a fire in our kitchen, and our costs were higher than anticipated. We then had to redo the mine plan as a result of those challenges and put out a revised mine plan earlier this year. That mine plan reduced the requirement to move waste rock. It removed marginal ounces from the mine plan. It shrank the pit and outlines the open pits. It shortened the mine life, but it was really driven to maximize cashflow. That has worked well, and we had record output in 2Q out of that mine. We’ve had sharp reduction in our cash costs in 2Q from that mine, and so that plan worked well.

“The other issue we had last year was a stability issue underground at our Goldex Mine in Quebec. We were forced to shut the mine down and forced to suspend production from the mining area indefinitely. That is still the case. We continue to maintain the suspension of operations in that main area, but we’ve been able to identify satellite zones of mineralization that we’ll be able to develop over the next 1.5 years, so we can restart production in the newer areas at a lower rate at higher costs.”

Boyd’s says of Agnico’s Meadowbank Mine in Nunavut, “It has demonstrated a capacity to run at high volumes, not only process high volumes but mine high volumes. That has driven record production in the quarter at good costs and with good cash generation. There is the potential to add a few years to the mine life, which is currently at about six years, and so we’re also looking at that right now.”

As for the future of Nunavut mining, given its infrastructural challenges, Boyd comments, “It’s going to take time. There is a lot of resource potential. This is a multidecade proposition, and we’re the biggest game in town in terms of mine development and operations. There aren’t many companies with our skillset that are doing business there. We like it there. It is a pro-mining region, but it is a high-cost part of the world in which to do business. So we take the longterm view. We’ve been in Quebec for almost 50 years, and we like to be in places where we can see ourselves being there over many decades”

Boyd says of Agnico’s Pinos Altos gold-silver mine in Mexico, “It’s a great mine with great returns and the potential to generate about $300 million in profit this year on an asset we bought for $80 million and spent about $400 million to build. The payback is fast; it’s lower risk; and we’ve got a new project there that we’re focused on laying out a development plan for. So it’s a growing business for us and a business that is generating increasing cashflow.”

Boyd concludes with a forecast of Agnico in two years’ time, “We’ll be producing more gold. We laid out a growth plan earlier this year that saw our production rising about 24% from where it was last year. So we’ll be producing more gold and generating more cashflow. We’ll be building and likely working on construction of a couple of new mines in our portfolio.”

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Investor Relations

Read a feature about the future of Nunavut mining

by Kevin Michael Grace

Silver Standard reports Argentina Assays up to 1,763.73 g/t Silver, 4.91% Zinc over 23.8m

July 27th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningSilver Standard Resources Inc TSX:SSO announced results from the Cortaderas target at its Pirquitas Mine in Jujuy, Argentina. Assays include

30.32 grams per tonne silver, 2.18% zinc over 167.35 metres
118.38 g/t silver, 6.22% zinc over 33 metres
77.04 g/t silver, 5.32 % zinc over 160.25 metres
1,763.73 g/t silver, 4.91% zinc over 23.76 metres
798.29 g/t silver, 15.6% zinc over 54.08 metres
66.46 g/t silver, 3.37% zinc over 52.4 metres
369.43 g/t silver, 4.48% zinc over 12.2 metres
425.36 g/t silver, 4.4% zinc over 24.85 metres
324.22 g/t silver, 5.76 % zinc over 69.33 metres

VP Exploration Ron Burk commented, “These drill results again highlight the growing potential of the resources discovered last year in the Cortaderas target area, situated approximately 300 meters north of the open pit. The eight reported drill holes tested for and confirmed the lateral continuation of the Cortaderas breccia resource. Based on the results of these drill holes, we are confident the Cortaderas breccia body will be extended by 50 meters to the west, east and south, with the east and west margins remaining open.”

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Steve Hards
Director, Investor Relations
604.689.3846 or tollfree 1.888.338.0046

by Kevin Michael Grace

Golden Predator reports Yukon Gold Assays up to 1.97 g/t over 18m, 1.71 g/t over 23.1m

July 27th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining

Golden Predator Corp TSX:GPD announced the first assays from the West Big Rock Zone of its Brewery Creek Project in Yukon Territory. Results include

1.03 grams per tonne gold over 19.6 metres
(including 6.27 g/t gold over 1.6 metres)
1.46 g/t gold over 11.4 metres
(including 3.7 g/t gold over 2.2 metres)
1.97 g/t gold over 18 metres
(including 5.88 g/t gold over 4.4 metres)
1.71 g/t gold over 23.1 metres
(including 7.01 g/t gold over 2.8 metres)
1.64 g/t gold over 23.2 metres
0.78 g/t gold over 23.9 metres
0.79 g/t gold over 20.1 metres
1.4 g/t gold over 11.4 metres
2.08 g/t gold over 14.5 metres
1.55 g/t gold over 25.5 metres

Brewery Creek is located on 187 square kilometres 55 kilometres east of Dawson City and is accessible by paved and gravel roads. It produced 278,484 gold ounces from 1996 to 2002. A June 2012 43-101 technical report estimated an indicated resource of 20.4 million tonnes grading 0.89 g/t gold for 581,000 ounces gold and an inferred resource of 13 million tonnes grading 0.83 g/t gold for 346,000 ounces gold, at cutoff grades of 0.2 g/t for oxides and 0.7 g/t for sulfides.

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William M Sheriff

by Kevin Michael Grace

Latin American reports Paraguay Gold Assays up to 4.09 g/t over 25.5m

July 24th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningLatin American Minerals Inc TSXV:LAT announced results from Tacurú target of its X-Mile Gold Trend near the town of Paso Yobai, Paraguay. Assays include

4.09 grams per tonne gold over 25.5 metres
(including 16.19 g/t gold over 4.6 metres)
3.35 g/t gold over 16.2 metres
1.68 g/t gold over 14.4 metres
4.2 g/t gold over 26.86 metres
11.24 g/t gold over 6.95 metres
1 g/t gold over 10 metres
6.48 g/t gold over 3.66 metres

President/CEO Miles Rideout stated, “The Tacurú target is now validated as a major epithermal system with significant gold occurrences identified in several geological rock types. These results are impressive both for the high grades and that we continue to intersect gold mineralization from surface to 115 metres true depth. Expanded and deeper drilling will be required to fully evaluate this target.”

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Miles Rideout

by Kevin Michael Grace