Copper Fox Metals Inc. is pleased to report the final results of the 2016 rock sampling program on its 100% owned Mineral Mountain property, a Laramide age copper-molybdenum-gold project, located in central Arizona.

Elmer B. Stewart, President and CEO of Copper Fox, stated, "The final results from the sampling program has expanded the interpreted dimensions of the mineralized area to 1,100m by 900m. The increase in average copper concentration from that stated in our last news release on Mineral Mountain is due to a significant number of the samples from the final results containing copper assays in excess of 1% and up to 6.6% copper. The next step will be to compile and interpret the results of the work completed on this project over the past two years."


a. The distribution of the additional sample results have expanded the area of mineralization from 800m by 600m to 1,100m by 900m. The mineralized area remains open in two directions.
b. The copper content in the 35 samples that assayed over 1% copper is due to the presence of chalcocite.
c. The mineralized area is located within the previously reported historical chargeability anomaly. The shape of the mineralized area and that of the chargeability anomaly are similar.

Mineral Mountain Project:
The Mineral Mountain project is located in a northeast trending structural lineament that hosts the porphyry copper deposits at Casa Grande, Resolution and in the Miami-Globe district in Arizona.

2016 Sampling Results:

The copper-molybdenite-gold mineralization occurs in quartz veins, quartz veinlets, sheeted quartz veins, and in potassic altered Laramide age granodiorite that has been intruded by a series of northeast trending hornblende diorite dikes and north-south trending aplite dikes. The vein-controlled mineralization exhibits three prominent trends being 10W to 015 NE (gold rich), 045NE to 060NE, and 070NE to 080NE.

The mineralization is hosted in steeply dipping classical "A" veins with potassic +/- chlorite +/- hematite envelopes and exhibits a rhenium-tellurium-bismuth geochemical association, features typical of a porphyry copper system.

The main copper minerals are chalcocite and chrysocolla along with rare chalcopyrite and covellite. Gangue minerals observed are goethite after pyrite (forming boxwork texture) and jarosite. The range of analytical values for the samples located within the mineralized area are shown in the following table:

The average gold value for this zone is influenced by the sample that contained 2.640 g/t gold. Assigning a zero value to this sample, the average gold content of the zone is reduced by 28% to 0.112 g/t.

About Copper Fox:

Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange focused on copper exploration and development in Canada and the United States. Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc. hold the assets listed below:

1. 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia.

2. 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona.
3. 65.4% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northwestern British Columbia.
4. 100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona.
5. 100% ownership of the Mineral Mountain copper project located east of Florence, Arizona.

Copper Fox Metals Inc.
Lynn Ball

The Saudi Arabia National Automotive Manufacturing Co. recently signed an agreement with the Saudi Arabian Mining Company to increase the aluminium content in vehicles produced in Saudi Arabia.

During a signing ceremony in Riyadh, Khaled S. Alohali, Ma’aden Vice President of Strategy and Aluminium said, “Ma’aden and SANAM are united in our goal of increasing the use of aluminium in the automotive industry as an alternative to iron. Ma’aden operates one of the world’s largest fully integrated aluminium complexes and we are currently supplying Jaguar Land Rover with high quality auto sheet product from our world class rolling mill facility.”

Ma’aden Aluminium, a multi-billion dollar joint venture between Ma’aden and global aluminium leader Alcoa Corporation, is already producing high quality aluminium products for global customers. The joint venture has brought best in class aluminum production technology and expertise to the Kingdom and is ready to support the Saudi automotive industry in its goal to build a modern auto industry in Saudi Arabia.

Dr. Fahd S. Al-Dohish, President and CEO of SNAM, said, “We are excited about launching a world class factory for the manufacturing of automobiles and automotive parts within the industrial city of Jubail. We are working now to develop joint ventures with local and international companies in order to attract the expertise required to build integrated, sustainable and high tech automotive manufacturing facilities over a dedicated area in Jubail covering one million square metres. In the next few years, we plan to put Saudi Arabia on the global map of automotive manufacturing, in direct support of the goals identified in Saudi Vision 2030.

For further information please contact:

Mr. Bander M. Al-Aida
Section Head, Media Relations
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GoldMining Inc. is pleased to announce it has been named to the 2017 TSX Venture 50, an annual ranking of top-performing companies on the TSX Venture Exchange over the last year.

The Company was ranked second overall in the mining sector.
Each year, the TSX Venture 50 ranking showcases 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.

Amir Adnani, Chairman, stated: "We are pleased to report that GoldMining Inc. placed in the top two mining companies selected for the 2017 TSX Venture 50. As announced earlier this month, the Company was also among the top four companies included in the 2017 OTCQX® Best 50, a ranking of top-performing equities traded on the US OTCQX market in 2016. These recognitions serve to validate the Company’s strategic execution in 2016.

We anticipate extending that same strategy into 2017 by targeting and acquiring additional gold projects of merit, where we see potential for substantial resource growth. With $20 million in cash and strong institutional backing, we will strive to earn the same results over the year ahead.”

About GoldMining Inc.
GoldMining is a public company with a focus on the acquisition, exploration and development of projects in Brazil, Colombia, the United States and Canada. The Company is advancing its São Jorge and Cachoeira Gold Projects in Brazil, Titiribi Gold-Copper Project in Colombia, Whistler Gold-Copper Project in Alaska and its Rea Uranium Project in the western Athabasca Basin in Canada.

For additional information, please contact:
GoldMining Inc.
Amir Adnani, Chairman Patrick Obara,
Chief Financial Officer
Telephone: (855) 630-1001

ALGOLD RESOURCES LTD. is pleased to announce that the Mauritanian Ministry of Environment and Sustainable Development has provided a conclusive acceptance and opinion regarding the Environmental Feasibility of the Tijirit Gold Mine Project, a key step in Algold's strategy for 2017.
The acceptance and opinion, represents a significant first step towards the application of a mining lease for Algold's Tijirit Gold Project. Algold CEO Francois Auclair commented, "We thank the Government of Mauritania for helping us quickly advance this project, and look forward to additional collaboration in 2017."

This press release has been reviewed for accuracy and compliance under National Instrument 43-101 by André Ciesielski, DSc., PGeo., Algold Resources Ltd. Lead Consulting Geologist and Qualified Person, as defined by NI 43−101 Standards of Disclosure for Mineral Projects. André Ciesielski has further approved the scientific and technical disclosure in the news release.


Algold Resources Ltd. is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa.

François Auclair M.Sc., PGeo,
President & CEO,
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+1 (514) 889-5089;

Alex Ball, MBA,
Executive VP Finance & Corporate Development,
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+1 (416) 919-222

Northern Vertex Mining Corp is pleased to provide an update on its Mine Optimization Plan at the company’s 100% owned Moss Mine gold-silver project (“Moss Mine”), located in the historic Oatman Mining district in North West Arizona.

The Moss Mine, which is scheduled to commence commercial gold-silver production in Q4 2017, has a capital cost estimated at US$33 million, and is expected to generate an average annual production of 42,000 oz gold Eqv. with an all-in sustaining costs of US$662/oz gold and an after-tax IRR of 48% (based on US$1,250/oz gold and US$20/oz silver).

Highlights of the Northern Vertex Optimization Plan:

  • Powerline to Mine Site
  • Sale and distribution of Aggregate
  • Upgrade and maintain the Silver Creek and Moss Mine Access Road
  • Reduction of fossil fuel emissions
  • Job creation in Local Communities and the State of Arizona
  • US$16M in savings in first 5yrs; significant impact to current 48% IRR

Northern Vertex President and CEO, Kenneth Berry stated “We are very pleased to implement a detailed optimization plan that will significantly enhance the overall economics of the Moss Mine in addition to positively impacting the local community. The energy cost savings, road improvements and reduction of fossil fuels derived from the program further supports our mandate to adhere to the highest level of operational efficiency and social and environmental responsibility.”

Powerline to Mine Site

The Moss Mine Feasibility Study and construction plans have factored in the use of diesel generators for the operation of the Mine Site. The installation of a powerline directly to site to deliver utility power will result in an estimated operational savings of US$16 million in the first 5 years of operation and will make a significant positive impact to the project’s after-tax IRR that is currently estimated at 48%.

The sale and distribution of Aggregate and Rip Rap within the Region

The Moss Mine is a potential source of aggregate for numerous applications including road construction, rip rap, concrete and asphalt. Northern Vertex is currently negotiating with a local aggregate company for the sale and distribution of its barren rock as a source of aggregate and rip rap for the surrounding region.

Upgrade and maintain the Silver Creek Road

The negotiation of an Aggregate Agreement is contemplated to include the upgrade and maintenance of the Silver Creek Road and the tertiary County Mine Access Road, resulting in a safer road. Discussions of potential road upgrades include a crushed rock/gravel base and removal of numerous protruding cobbles and boulders, the direct benefits to Northern Vertex include a reduction in maintenance costs to operational vehicles and those of our suppliers and local community. Following initial discussions, both City and County officials and Engineering personnel have indicated their full support for the road “Improvement Plan”.

Reduction of fossil fuel emissions

The Moss Mine Feasibility Study; Plan of Operations and Air Quality Permit state the electric power source proposed for all mine and process operations as on-site generators powered by Tier IV diesel engines (the most environmentally advanced engines available today). However, the installation of a direct powerline, would eliminate the need for the diesel gen-sets, resulting in improved air quality by decreasing emissions, and reducing operating costs significantly.

Job creation in Local Communities and the State of Arizona

The mining, processing and aggregate activities are expected to create 100+ direct jobs for the local region and the State of Arizona.

In addition, ancillary benefits from processing the waste rock include the provision of a lower cost aggregate for both civic and private construction projects in the Bullhead City Region.


In addition to the County’s permission, the construction of the powerline requires the issuance of a Right of Way (“ROW”) Permit from the Bureau of Land Management. Upgrading of the County’s tertiary Mine Access Road to eliminate safety hazards will involve disturbance beyond the existing footprint of the road and will also require a ROW permit. Engineering design, an integral part of the ROW permit applications is underway. Fieldwork for the requisite Cultural and Biological Surveys were recently completed.

Qualified Person:

The foregoing technical information contained in this news release has also been reviewed and verified by Mr. Joseph Bardswich, P.Eng., General Manager - Moss Project, and a Qualified Person (“QP”) for the purpose of National Instrument 43-101 (Disclosure Standards for Mineral Projects).

About Northern Vertex

Northern Vertex Mining Corp. is an exploration and mining company focused on the reactivation of its 100% owned Moss Mine Gold/Silver Project located in NW Arizona, USA. The Company’s management comprises an experienced management team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.


“Kenneth Berry “
President & CEO

For further information, please visit

contact Investor Relations at: 604-601-3656 or at 1-855-633-8798.


Alpha Natural Resources Holdings, Inc. and ANR, Inc., announce the divestment of substantially all of their affiliated mining assets in Harlan County, Kentucky, to JRL Coal LLC of Marietta, Georgia.                 

The Coalgood assets include a permitted surface mine operation that has been idle since 2012 and nearly 12- million tons of high quality thermal coal reserves, and JRL has indicated its plan to operate the assets.

Alpha CEO David Stetson said, “The divestiture of the Coalgood mining complex represents our ongoing dedication to our strategic plan regarding idled assets, which has been to identify non-strategic properties for divestiture, thereby allowing Alpha to reduce its footprint. In this case, we will transfer six permits, reduce bonding by $6 million and also reduce our ARO in future years by a significant amount.”

Stetson adds that the divestiture of non-strategic properties will also allow Alpha to reduce the ongoing maintenance and holding costs associated with non-operating mining complexes. Coalgood was one of the few remaining Kentucky assets in the Alpha portfolio, all currently idled.

About Alpha Natural Resources Holdings, Inc. and ANR, Inc. Alpha Natural Resources Holdings, Inc. and ANR, Inc. have affiliate mining operations in West Virginia and Kentucky, and supplies metallurgical coal to the steel industry and thermal coal to generate power. Alpha has offices in Kingsport, Tennessee, and Julian, West Virginia, which support 19 active mining operations. Alpha is committed to being a leader in mine safety and an environmental steward in the communities where its affiliates operate. For more information, visit Alpha’s website (

Media Contact
Steve Hawkins
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Vedanta’s A.Narrain Mines in Karnataka was awarded the 5 Star rating at the 'Second National Conclave on Mines & Minerals’ held at New Delhi yesterday. Mr. Krishna Reddy – Head Iron Ore Karnataka and Mr. Vikas Peeru-Head Technical Services received the award from Mr.Piyush Goyal, Hon'ble Minister of State for Mines, Coal, Power, New & Renewable Energy and Mr. Balvinder Kumar- Union Mines Secretary, Ministry of Mines.

Receiving the award Mr.K Reddy said, “We are most humbled and pleased to receive this award as it recognizes our best practices and sustainability measures. Vedanta is always committed to mining in a responsible manner aimed at socio economic development and welfare of the communities.”

Last year, Vedanta Limited Codli and Bicholim Mines were recipients of the prestigious award. This is a part of the Star Rating Scheme implementation of the Sustainable Development Framework (SDF) that has been formulated and finalized by the Ministry of Mines. The mines are assessed after a thorough inspection by IBM officials on various parameters that include

• The management of impact by carrying out scientific and efficient mining
• Addressing social impacts of our resettlement and rehabilitation requirements for taking up mining activities
• Local community engagements and welfare programmes
• Steps taken for progressive and final mine enclosure
• Adoption of international standards

The eligibility criteria was for all major mineral mines, which have been operational for more than 180 days in the reporting year 2015-16.

The National Conclave on Mines and Minerals is essential not only to disseminate the various developments in the mining policies and activities, but also to gather solidarity in approach for addressing the issues in the mining sector.

About Vedanta Limited (Formerly Sesa Sterlite Limited.)

Vedanta Limited is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia and Ireland.

Vedanta Limited is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. The company is conferred with the Confederation of Indian Industry (CII) ‘Sustainable Plus Platinum label’, ranking among the top 10 most sustainable companies in India. To access the Vedanta Sustainable Development Report 2016, please visit Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

For more information please visit

For further information, please contact:

Sangeetha R Chakravarthy
Head – Corporate Communications, Sesa Goa Iron Ore Division
Tel: +91 832 2460613
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Boucette D’Souza e Misquita

Associate Manager – Communications, Sesa Goa Iron Ore Division
Tel: +91 832 2460611
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McEwen Mining and Lexam VG Gold Inc , have entered into an agreement pursuant to which McEwen Mining would acquire all of the issued and outstanding securities of Lexam by way of plan of arrangement and Lexam would become a wholly-owned subsidiary of McEwen Mining. The proposed arrangement is subject to approval by the shareholders of Lexam.

Pursuant to the Arrangement, each Lexam common share (a “Lexam Share”) would entitle the holder to receive 0.056 of a McEwen Mining share (the "Exchange Ratio"). Lexam shareholders would receive a premium of 30% to the 30-day volume weighted average price (VWAP) of the Lexam Shares.

“Lexam’s assets include multiple advanced exploration projects located in the prolific gold camp of Timmins, Ontario. Lexam’s primary projects are past producers with defined resources and excellent infrastructure. The proposed transaction would give the Lexam shareholders access to McEwen Mining’s technical and financial resources enabling the projects to be advanced towards production. Lexam shareholders will also gain exposure to a growing gold and silver producer, with a diversified portfolio of projects throughout the Americas,” commented Rob McEwen, Chief owner of both McEwen Mining and Lexam.

Benefits of the Transaction for Lexam Shareholders:

Ability to fund development and construction of the Timmins Properties with McEwen Mining’s existing financial resources;
Access to McEwen Mining’s experienced and disciplined management team with an accomplished history in gold exploration, open-pit and underground mining, and mine development;

Exposure to McEwen Mining’s diversified portfolio of producing operations and development projects; and

Lexam shareholders receive an attractive premium of approximately 30% to the 30-day VWAP of the Lexam Shares and greatly enhanced liquidity of dual stock exchanges within the US and Canada.

Benefits of the Transaction for McEwen Mining Shareholders:

  • Adds Measured and Indicated gold resources of 1,468,500 ounces and Inferred gold resources of 954,000 ounces to McEwen Mining’s resource base in a premier geopolitically stable mining jurisdiction;
  • Enhances McEwen Mining’s development and production pipeline with the potential to commence production of the Timmins properties within 24 months; and Substantial exploration potential.

McEwen Mining has an ambitious goal of qualifying for inclusion in the S&P 500 Index by creating a high growth gold and silver producer focused in the Americas. McEwen Mining's principal assets consist of the San José Mine in Santa Cruz, Argentina (49% interest), the El Gallo Mine and El Gallo Silver project in Sinaloa, Mexico, the Gold Bar project in Nevada, USA, and the Los Azules copper project in San Juan, Argentina.

McEwen Mining has a total of 300 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 25% of the Company.

Mihaela Iancu

Investor Relations
(647) 258-0395 ext 320
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Christina McCarthy
Director of Corporate Development
(647) 258-0395 ext 390
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Highland Copper Company Inc is pleased to announce the commencement of a drilling program at its 100%-owned Copperwood project in the Upper Peninsula of Michigan, U.S.A.                               

This program is designed to upgrade the current inferred resources at the eastern section of the Copperwood copper-silver deposit, obtain metallurgical samples and carry out further geotechnical studies to refine a mining plan.

Highland Copper plans to drill up to thirty five confirmatory holes totalling about 6,800 meters of core. Twelve of the thirty five planned drill holes are located in Section 5 of Gogebic County, at the westernmost edge of the Porcupine Mountain Wilderness Park west of County Road 519 (see attached map). The Company expects to complete these twelve holes by the end of March.

For the twelve holes currently being drilled in Section 5, the Company applied for and the Michigan Department of Natural Resources ("MDNR") issued a use permit allowing the Company to conduct exploration drilling under strict conditions. The Company has worked closely and cooperatively with the MDNR, making every change to the Company's drilling plan as requested. To insure minimum impact to the land surface during the drilling program and to provide protections to natural resources to the greatest extent possible, several operating provisions have been put in action, including operating only on frozen ground, using tracked drill rigs on existing roads for access to drill hole locations and avoid cutting trees when feasible.

The Company has in place a full remedial plan, which will be executed when drilling is complete. The vast majority of the Park, including the Presque Isle River watershed, will remain unaffected by this exploration program. The Company's employees and drill contractors are working with the MDNR Parks and Recreation Division to monitor activities and insure compliance with the permit.

Quality Assurance/Quality Control

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for drill programs at the Company's projects covers the complete chain of custody of samples, including verification of drill hole locations, core handling procedures and analytical-related work, including duplicate sampling, check analyses at other laboratories and the insertion of standard and blank materials. The QA/QC program also includes data verification procedures.

The technical information contained in this news release has been approved by Carlos H. Bertoni, P. Geo., Highland's Executive Vice President, Project Development. Mr. Bertoni is a qualified person as defined in NI 43-101.

About Highland
Highland Copper Company Inc. is a Canadian exploration company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. The Company has 189,198,483 common shares issued and outstanding. More information about the Company is available on the Company's website


GOLDCORP INC is pleased to announce that the Company has entered into a binding agreement with New Gold Inc. pursuant to which it has agreed to purchase New Gold's 4% gold stream on the El Morro deposit for cash consideration of $65 million.

The El Morro deposit is part of NuevaUnión, a 50/50 joint venture with Teck Resources that 
combines the Relincho and El Morro deposits.


"The purchase of the stream from New Gold is consistent with our strategy of optimizing our portfolio to drive increasing net asset value per share,"  said David Garofalo, President and Chief Executive Officer. "El Morro is a world-class deposit, located in one of the best mining jurisdictions in the  Americas. This stream unlocks further upside potential for our shareholders over the long-term. NuevaUnión is a unique project combining the  expertise of two large-scale mining companies to jointly develop what is expected to be a low-cost, long-life asset. It is also working to set a standard  for community engagement, environmental responsibility and value creation."


About Goldcorp

Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines.


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