Eldorado Gold Corporation is pleased to announce that it has entered into a definitive agreement with Integra Gold Corp. pursuant to which Eldorado has agreed to acquire all of the issued and outstanding common shares of Integra that it does not currently own, by way of a plan of arrangement under the Business Corporations Act (British Columbia).

Under the Arrangement, shareholders of Integra will be entitled to receive, at their option, for each Integra share they own either (i) 0.24250 Eldorado shares, (ii) C$1.21250 in cash, in both (i) and (ii) subject to pro ration, or (iii) 0.18188 of an Eldorado share and C$0.30313 in cash. The maximum number of shares issuable by Eldorado under the Arrangement will be approximately 77 million (based on the number of Integra shares outstanding less Integra shares currently owned by Eldorado). The maximum amount of cash payable by Eldorado under the Arrangement will be approximately C$129 million equal to 25% of the total consideration. The total transaction value is approximately C$590 million, inclusive of Integra shares held by Eldorado.

Eldorado's offer represents:
A value of C$1.21250 for each Integra common share based on the May 12, 2017 closing price of Eldorado common shares on the Toronto Stock Exchange


A premium of approximately 52% to Integra's May 12, 2017 closing price and a premium of 46% based on the volume weighted average prices ("VWAP") of both companies on the Toronto Stock Exchange for the 20 day period ending May 12, 2017
Upon completion of the transaction and based on the maximum number of shares issuable under the Arrangement, current Eldorado and Integra shareholders would hold approximately 90% and 10% of the combined Company, respectively.

Integra's principal asset is the Lamaque project near Val-d'Or, Quebec. Lamaque hosts an NI 43-101 indicated resource of 5.1 million tonnes at a grade of 9.13 g/t gold and an inferred resource of 3.5 million tonnes at a grade of 7.94 g/t gold (5.0 g/t gold cut-off)1. A preliminary economic assessment was completed in February 2017 that envisions a high-grade underground operation producing 123,000 ounces of gold per year at all-in sustaining costs of US$634 per ounce over 10 years2. Integra is currently in the process of advancing underground ramp development to facilitate underground exploration and completion of a bulk sample.

George Burns, President and Chief Executive Officer of Eldorado Gold, stated, "The Company has been following Integra's progress at Lamaque over the last 18 months and commend their team for the accomplishments to date. From previous experience of building and operating gold mines in Canada, I am excited about Eldorado's entry into the Eastern Abitibi region of Canada. With our current balance sheet strength post the sale of our Chinese assets, this acquisition represents a use of the proceeds complementing our existing portfolio of high quality, low cost assets."

About Eldorado Eldorado is a leading low cost gold producer with mining, development and exploration operations in Turkey, Greece, Serbia, Romania and Brazil. The Company's success to date is based on a low cost strategy, a highly skilled and dedicated workforce, safe and responsible operations, and long-term partnerships with the communities where it operates. Eldorado's common shares trade on the Toronto Stock Exchange and the New York Stock Exchange

Contact:
Krista Muhr,
Vice President Investor Relations & Corporate Communications 
Eldorado Gold Corporation
604 551 3250 or 1 888 353 8166
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.eldoradogold.com

Media
Louise Burgess

Director, Communications & Government Relations
Eldorado Gold Corporation
604 616 2296 or 1 888 353 8166
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IAMGOLD Corporation provided an update on the ongoing exploration program at its Monster Lake joint venture project located 50 kilometres southwest of Chibougamau, Quebec, Canada.


The company is reporting assay results from the first eleven drill holes, totaling just over 5,100 metres, from a total of 24 diamond drill holes, totaling 10,657 metres, completed this past winter.


The assay results are provided in Table 1 below and include the following highlights: (A drill hole plan map and longitudinal sections are attached to this news release.) Monster Lake Shear Zone, Megane Zone and Annie Shear Zone:

Drill hole ML17-190: 4.4 metres grading 5.21 g/t gold

Includes: 1.3 metres grading 15.99 g/t gold and 1.9 metres grading 9.82 g/t gold

Includes: 0.6 metres grading 25.10 g/t gold and 0.6 metres grading 36.90 g/t gold

Drill hole ML17-194: 3.1 metres grading 121.67 g/t gold, Includes: 1.1 metres grading 316.89 g/t gold


The 2017 winter drilling program was designed to target high potential areas along the 3-kilometre trend of the Monster Lake Structural Corridor (“MLSC”) and associated shear zones to improve confidence and expand known zones of mineralization, including the recently discovered second zone located 200 to 400 metres to the north of the Megane Zone, as well as mineralization in a parallel lower shear zone. Structural patterns suggest the potential for additional mineralized shoots along this major corridor.


The results from hole ML17-190 drilled in the new zone to the north of the Megane Zone confirm previous results in hole ML15-147 that intersected multiple mineralized shears and may indicate an extension of the zone. Two areas of mineralization were also intersected in the Lower Monster Lake Shear Zone in drill holes ML17-184 and 191 which will require further testing. Infill drilling in the Megane Zone positively demonstrated continuity of the very high grade nature of this lens where tested. Further results from this drilling program are pending and will be assessed when they are received, validated and compiled.

Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “Assays from this winter drilling program continue to return encouraging results, including those from a new zone along the main hosting structure, as well as from a lower parallel shear zone. The potential for the discovery of additional mineralized shoots is considered favourable.”

Next Steps Once the remaining assay results are in hand, they will be assessed and may lead to an estimation of an initial mineral resource by yearend. Further drilling will be required to evaluate the potential of the new mineralized areas, the timing of which will be dependent on ground conditions to allow the access of drilling equipment.

About the Monster Lake Project The Monster Lake project is underlain by Archean volcanic rocks of the Obatogamau Formation and is traversed by an important deformation corridor and associated gold-bearing mineralized structures. Historical drilling and exploration by TomaGold Corporation (“TomaGold’) have identified a four-kilometre long structural corridor, along which most of the known gold occurrences discovered to date on the property are associated, including the Megane Zone.

IAMGOLD holds a 50% interest in the Monster Lake project. Pursuant to an earn-in option agreement with TomaGold amended on October 30, 2015, IAMGOLD holds an option to earn a further 25% undivided interest, for a total 75% undivided interest in the project, should it spend a further C$10.0 million on the project within a seven-year period, beginning January 1, 2015. Should a development decision be made by the joint venture, or should the joint venture declare commercial production, TomaGold would be entitled to a further C$1.0 million payment. IAMGOLD has completed its first year commitment under the terms of the amended option earn in agreement.

Technical Information and Quality Control Notes The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").

The "Qualified Person" responsible for the supervision of the preparation and review of this information is Marie-France Bugnon, P. Geo., General Manager Exploration. Marie-France is considered a "Qualified Person" for the purposes of National Instrument 43-101 with respect to the technical information being reported on. The technical information has been included herein with the consent and prior review of the above noted Qualified Person. The Qualified person has verified the data disclosed, and data underlying the information or opinions contained herein.

The sampling of, and assay data from, drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program designed to follow industry best practice. Drill core (NQ size) samples are selected by the IAMGOLD geologists and sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from half a metre to one and a half metres in length depending on the geological observations.


Samples are transported in sealed bags to ALS Minerals Laboratory located in Val-d’Or, Québec. Samples are coarse crushed to a -10 mesh and then a 1000 gram split is pulverized to 95% passing -150 mesh. ALS Minerals processes analytical pulps directly at their facilities located in Val-d’Or which is ISO / IEC 17025 certified by the Standards Council of Canada. Samples are analyzed using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another pulp is taken and fire assayed with a gravimetric finish. Core samples showing visible gold or samples which have returned values greater than 10.0 g/t are re-analyzed by pulp metallic analysis. IAMGOLD inserts blanks and certified reference standard in the sample sequence for quality control.

About IAMGOLD IAMGOLD (www.iamgold.com) is a mid-tier mining company with four operating gold mines on three continents. A solid base of strategic assets in North and South America and West Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities. IAMGOLD is in a strong financial position with extensive management and operational expertise.

For further information please contact:
Ken Chernin
VP Investor Relations
IAMGOLD Corporation
Tel: (416) 360-4743
Mobile: (416) 388-6883


Laura Young

Director, Investor Relations
IAMGOLD Corporation
Tel: (416) 933-4952
Mobile: (416) 670-3815


Shae Frosst

Investor Relations Associate
Tel: (416) 933-4738
Mobile: (647) 967-9942
Toll-free: 1-888-464-9999
This email address is being protected from spambots. You need JavaScript enabled to view it.

Change management skills will be in high demand in the coming decade,according to General Manager of Operations Services at Newmont Asia Pacific Lara Bruhns.

Speaking ahead of her presentation at Austmine 2017: Mining’s Innovation Imperative, Ms Bruhns said turning invention into innovation was a specialised skill in itself.

“We need people with pragmatism in process development as well as change management skills to ensure innovations gain acceptance,” Ms Bruhns said.


“There are lots of innovations that can be applied to our processes, but it’s the people who can find a way to successfully get innovations into the company’s systems - both human and technological - that are going to have a place in the mines of the future.”

Ms Bruhns also said Newmont is dedicated to leveraging innovation in ways that enhance its performance in safety, rofitability and responsibility.

“Newmont is interested in innovating to create value for the company, not necessarily for the sake of innovation,” she said.Ms Bruhns calls it a ‘targeted’ approach to mining innovation.


“It comes from an acknowledgement that Newmont can’t look at everything that’s being invented all the time,” she said.

“We look at bottlenecks in our processes and lever points to target where innovations can be implemented that will have the most leverage for our business.


“It’s an acknowledgement that having focus matters, and accepting that you will often have more opportunities for innovation than resources to implement them, and you therefore need to prioritise them.”


Ms Bruhns’ presentation, Using Targeted Innovations to Achieve Operational Excellence, is part of Austmine 2017’s The Productive Mine: Striving for Operational Excellence session.


Other mining executives speaking in the session will be: Peter Bradford, Managing Director and CEO of Independence Group with Shaping World Class Mines through a Focus on Productivity; and Peter Johnson, Managing Director of Maptek with The Well Connected Mine.


Ms Bruhns said she was impressed by advances in 3D visualisation technology that make it easier to explain complex data, allowing Newmont’s investment arm to make better informed decisions.


“We can take highly detailed information about complex geological structures and visualise them relatively easily, making it much easier to understand for people who don’t necessarily hold advanced degrees in geological sciences,” she said.


The Austmine 2017:
Mining’s Innovation Imperative conference will be held from 22-24 May at the Perth Conference and Exhibition Centre.
The event is Australia’s premier conference for showcasing the best technological innovations in the resource industries.


Ms. Bruhns’ interview is available here
For further information and to purchase conference passes, visit austmineconference.com.au


For further information contact:

Sean Hourigan,
BBS Communications Group,
(O) +61 7 3221 6711,
(M) +61 403 024 378

Teranga Gold Corporation is pleased to announce two new gold discoveries from its exploration program at Golden Hill, its joint venture with Boss Resources Limited , in Burkina Faso, West Africa.

The Company's new discoveries are located within the Ma and Nahiri prospects, representing the first two of the ten drill ready targets that have been identified to date at Golden Hill. All ten targets are within close proximity to each other.

 

"The assay results for Ma and Nahiri are very encouraging for an early stage exploration program," said David Mallo, Teranga's Vice President, Exploration. "They display good grades, widths, continuity and strike length in each prospect, and the mineralized zones occur from surface with good oxide depth developed."


Additionally, the next two targets - Jackhammer Hill and Pourey-Peksou - were also drilled during the first quarter. The Company can report that, while these assay results are pending, drilling intersected the expected alteration and structures at each of these targets.


Mr. Mallo added, "Overall, we are excited by these positive results, especially given their close proximity to one another. Based on the success of this first phase, a multi-drill second phase program on these targets has begun."


The Golden Hill property is located within the highly mineralized Houndé Greenstone Belt in Burkina Faso. This belt hosts a number of high-grade gold discoveries, including the recently discovered Siou, Yaramoko and Houndé deposits, the latter property being contiguous with Golden Hill. To the south of Golden Hill is another large land position where active exploration programs are well underway.


HIGHLIGHTS

Initial assays from the Company's initial drilling evaluation at the Ma prospect intersected favorable results over the minimum 1,300-metre strike extent drilled to date. Highlight results include:


6.5 m @ 2.67 g/t Au and 3 m @ 8.86 g/t Au in GHDD-010

9.8 m @ 1.92 g/t Au including 5.3 m @ 2.62 g/t Au in GHDD-011
7.9 m @ 2.71 g/t Au in GHDD-015
5.2 m @ 5.15 g/t Au in GHDD-017
4.9 m @ 3.64 g/t Au in GHDD-020


The initial drilling evaluation at the Nahiri prospect intersected broad, highly anomalous intersections within which highlight intervals include:

14 m @ 2.85 g/t Au including 5 m @ 6.56 g/t Au and 18 m of 1.46 g/t Au including 4 m @ 2.38 g/t Au in GHRC-011
13 m @ 1.56 g/t Au including 6 m @ 2.23 g/t Au in GHRC-010
12 m @ 1.25 g/t Au including 3 m @ 2.28 g/t Au in GHRC-001
12 m @ 1.06 g/t Au and 1 m @ 11.00 g/t Au in GHRC-015

About the Golden Hill Property Joint Venture

The Golden Hill property is comprised of three adjacent exploration permits covering 468km2 located in southwest Burkina Faso in the central part of the Houndé Greenstone Belt. Teranga, through the acquisition of Gryphon Minerals Ltd, has an earn-in agreement with Boss pursuant to which Teranga, as the operator, can earn an 80 percent interest in the joint venture upon delivery of a feasibility study and the payment of AUD2.5 million.


About Teranga

Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the exploration of more than 5,000km2 of land located on prospective gold belts.

Since its initial public offering in 2010, Teranga has produced more than 1.2 million ounces of gold from its operations in Senegal. Following its recent acquisition of Gryphon Minerals, the Company is fast-tracking the completion of a feasibility study for the Banfora Project. Concurrent with its production and development activities, exploration programs are underway to seek to increase the Company's reserve base through resource conversion and making new discoveries. Teranga has a strong balance sheet and the financial flexibility to continue to grow its business.

Steadfast in its commitment to set the benchmark for responsible mining, Teranga operates in accordance with the highest international standards and aims to act as a catalyst for sustainable economic, environmental, and community development as it strives to create value for all of its stakeholders. Teranga is a member of the United Nations Global Compact and a leading member of the multi-stakeholder group responsible for the submission of the first Senegalese Extractive Industries Transparency Initiative revenue report. The Company's 2015 responsibility report, which is available at

www.terangagold.com/2015responsibilityreport
, is prepared in accordance with its commitments under the United Nations Global Compact and in alignment with the Global Reporting Initiative guidelines.

 

Canada-based precious metals producer Silver Standard Resources has signed an option agreement with Eskay Mining to acquire up to a 60% undivided interest in the SIB project in British Columbia, Canada. 


Spread over a land package of 4,400ha, the SIB project contains 30 mining claims.

Silver Standard chief geologist Carl Edmunds said: "The SIB project is a very exciting exploration target in Northern Canada due to it's higher grade drill results, the fact that these types of PME-VMS deposits often occur in clusters, and this property is 4km along strike from the prolific Eskay Creek mine, which produced over three million ounces of gold and nearly 160 million ounces of silver between 1994 and 2008.”


Earlier work from the 1990s discovered PME-VMS at the Lulu zone, on SIB, near-surface, and later attempts for further exploration faced obstacles due to the presence of a fault potentially displacing the extension to mineralisation.


Subsequent work by Eskay Mining indicated the extension of the Lulu and Eskay Creek host felsic volcanic rocks underneath this fault, opening a large area for exploration by drilling.


"This property is 4km along strike from the prolific Eskay Creek mine, which produced over three million ounces of gold and nearly 160 million ounces of silver between 1994 and 2008."


Edmunds added: “At Silver Standard, we remain disciplined with our greenfields exploration activities and this agreement demonstrates we are ready to act when an extraordinary opportunity arises."


Under the agreement, Silver Standard will explore the SIB project during a three-year option period.
Silver Standard can earn a 51% undivided interest in the SIB project from Eskay Mining, provided it satisfies certain conditions including completing a $300,000 private placement in Eskay Mining, and incurring a total expenditure of $11.7m on exploration over the three-year period.


SIB property is jointly controlled by Eskay Mining and St Andrew Goldfields, a fully owned subsidiary of Kirkland Lake Gold.

Eskay Mining and St Andrew Goldfields hold an 80% and 20% undivided interest respectively.


Upon earning a 51% undivided interest, Silver Standard can choose to form a joint venture with Eskay Mining and St Andrew Goldfields, otherwise, it can exercise a second option to increase its undivided interest by a further 9% by either undertaking a preliminary economic assessment or carrying out 23,000m of diamond drilling on the SIB project.

Hardware Tools Middle East looks ahead to a successful 2017 edition, with interest from hardware and tools manufacturers continuing, as market sentiments begin to stabilise across the region.                                                 

Despite signs of slowing demand in other regions, the market for hardware and tools in the wider Middle East remains robust, the chief factor bringing in inquiries about participation in Hardware+Tools Middle East 2017, from tools and hardware manufacturers around the world.

As the sole dedicated trade event for hardware, tools, material and machinery with a footprint spanning the wider Middle East, Central Asia, North and East Africa, the 18th edition of Hardware+Tools Middle East, is expected to feature even wider participation than the previous edition. Last year, the show featured 185 exhibitors representing over 250 brands and drew in 2,874 trade visitors from as many as 67 countries.


“Being the only representative trade show for this vital sector, which is being driven by continued economic expansion and steady growth in construction and infrastructure creation, Hardware+Tools Middle East remains the natural choice for manufacturers and suppliers to reach a vast and varied market,” said Ahmed Pauwels, CEO of Messe Frankfurt Middle East, the organiser of Hardware+Tools Middle East.


“With a majority of the trade visitors to the show being actively involved in the purchase and decision making process, Hardware+Tools Middle East places exhibitors in a position of advantage by bringing them in direct contact with actual buyers from across the region.”


The current market for tools and machinery in the UAE has been estimated at over AED 10 billion and this is trending even higher, which makes the region a coveted prize for global hardware and tools brands.


The previous edition of Hardware+Tools Middle East attracted nearly 3,000trade buyers from across the Middle East and North Africa, including distributors, retailers, exporters, importers, contractors, fabricators, consultants and industry professionals involved in the booming regional construction sector.


“The show is great, we are more than happy with what the organisers have done by putting this wonderful show together,” said R. Sasi Kumar, Business Development Manager of Uken Tools. “The Expert Zone is a very good idea. The exhibition is the right place not only for us but all the participating exhibitors to showcase their products in the growing Middle East market. The UAE is a fast-developing market with lots of construction happening and safety is its priority so we know that being here would be a two way approach for us to grow and well as be best of this growing market.”


Italian manufacturer of warehouse applications, Vipa was looking to expand their international presence through their participation at Hardware+Tools Middle East. “Our presence in this exhibition is to find distributors and agents in the Middle East. These products can be used everywhere where there is a need to store anything. Hardware+Tools exhibition attracts the right visitors to help us serve the purpose for which we came here,” said Laura Pasquini, Marketing & Communication, Vipa.


“Extremely happy with the show and are extremely excited to be here as it has been busy for us throughout,” were the words of Sumit Kumar Chordia, Managing Director of WIHA - another exhibitor extremely satisfied with the outcome of participation in the 2016 edition. “We had great opportunities to meet with our customers and distributors so it was great to build on our relationship with them. Not only existing customers, but we have also built new contacts and look forward to doing more business.


“The show is very niche and focused yet the response we received at the show has been very surprising. The visitors are well-focused and are the right people that we need at our stand and for us to extend our market in the Middle East,” said Steve Park, President, Dukshin who were also among the satisfied exhibitors taking part in Hardware+Tools Middle East 2016.


Hardware+Tools Middle East 2017, which will run from May 22-24, 2017 at the Dubai International Convention and Exhibition Centre is expected to draw in over 200 exhibitors from 11 countries and a wide spectrum of trade buyers from across the region, keen to interact with and sign deals with leading international manufacturers and suppliers. Popular features such as the Expert Zone will also make a return this edition.


Hardware+Tools is the Middle East’s only dedicated event for tools, hardware materials and machinery. Industry professionals involved in the supply of equipment to or the design, construction, build or specification of commercial or residential developments understand the importance of keeping up to date with new products, services and technology in the field. 


Hardware+Tools Middle East is the perfect platform to meet new contacts, discuss new trends and technological developments, keep up to date with industry knowledge and source new products and solutions. The next edition will take place from 22-24 May 2017 at the Dubai International Convention and Exhibition Centre. Show website: www.hardwaretoolsme.com

 

Background information on Messe Frankfurt
Messe Frankfurt is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With some 2,400 employees at 30 locations, the company generates annual sales of over €640 million. The Messe Frankfurt Group has a global network of 30 subsidiaries and 55 international sales partners, allowing it to serve its customers on location in 175 countries. Messe Frankfurt events take place at approx. 50 locations around the globe. In 2016, a total of 138 trade fairs were held under the Messe Frankfurt umbrella, of which more than half took place outside Germany. Thanks to its far-reaching ties with the relevant sectors and to its international sales network, the Group looks after the business interests of its customers effectively. A comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).For more information, please visit our website at: www.messefrankfurt.com

 

About Messe Frankfurt Middle East GmbH
The portfolio of events for Messe Frankfurt Middle East includes Automechanika Dubai, Automechanika Jeddah, Automechanika Riyadh, Beautyworld Middle East, Hardware+Tools Middle East, Intersec, Intersec Saudi Arabia, Leatherworld Middle East, Light Middle East, Materials Handling Middle East, Materials Handling Saudi Arabia, Paperworld Middle East, and Prolight + Sound Middle East. The subsidiary also organises a series of conferences and seminars including the BOHS Worker Health Protection Conference, the Business in Beauty Summit, the Light Middle East Conference, Smart Traffic Middle East, and Future Mobility. For more information, please visit our website at www.messefrankfurtme.com

 

The UAE’s finest tool operatorswill have a live platform to showcase their skills, as they lay down the gauntlet in acompetition dedicated tothe hard working men behind the country’s iconic landmarks.                                                

The Tool It! Challenge is the Middle East’s first competition inviting contracting and fit-out firms, construction companies, or workshop owners, to nominate their most skilled technicians for an intensive test of will, as they grind, drill, and cut their way to glory among industry peers.

The three-day competition will take place at Hardware + Tools Middle East 2017, the region’s premier trade fair for building materials and construction machinery, which runs from 22-24 May at Dubai International Convention and Exhibition Centre.


It will comprise three categories: Woodwork Routing and Screw Driving; Plumbing; and Metalworking, with leading professional tool manufacturers Bosch, 3M, RIDGID, and Nitto Kohkion board as category sponsors.
Contestants will be given a set of electric power tools provided by the sponsors and made to perform similar activities over a given time frame. They will be evaluated by a jury panel, and adjudicated on fixed parameters such as aesthetics, safety, and efficiency.


The Prize? All participants will be awarded certificates by organiser Messe Frankfurt Middle East, while the winners will be the proud owners of the latest cutting-edge power tool sets provided by sponsoring brands.
“The Tool It! Challenge recognises and rewards the hard working men that are a crucial component of any successful project, regardless of the industry,” said Ahmed Pauwels, CEO of Messe Frankfurt Middle East.


“These are the men that work tirelessly behind the scenes in building some of the UAE’s most loved landmarks, using skills and techniques needed to perform in the most extreme conditions.The competition also underlines the importance of having top quality dependable tools in order to ensure the safety of the worker and the workplace,” he added.


The Tool It! Challenge is open to contractors, sub-contractors, woodworking and other workshop personnel, tool technicians, operators, metalworkers, drillers, cutters and grinders operating across the UAE. Nominations close by the end of April 2017.


Hardware+Tools Middle East is a magnet for trade buyers from across the Middle East and North Africa, including distributors, retailers, exporters, importers, contractors, fabricators, consultants and industry professionals involved in the construction and industrial sectors.


The 18th edition will feature Country Pavilions from China, Thailand and Taiwan, and will host more than 185 exhibitors from 12 countries representing over 250 brands. The exhibition will also include the Expert Zone, a dedicated section featuring the most innovative products and solutions from leading manufacturers. More information is available at www.hardwaretoolsme.com

 

About Hardware+Tools
Hardware+Tools is the Middle East’s only dedicated event for tools, hardware materials and machinery. Industry professionals involved in the supply of equipment to or the design, construction, build or specification of commercial or residential developments understand the importance of keeping up to date with new products, services and technology in the field.Hardware+Tools Middle East is the perfect platform to meet new contacts, discuss new trends and technological developments, keep up to date with industry knowledge and source new products and solutions. The next edition will take place from 22-24 May 2017 at the Dubai International Convention and Exhibition Centre. Show website: www.hardwaretoolsme.com

 

Background information on Messe Frankfurt
Messe Frankfurt is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With some 2,400 employees at 30 locations, the company generates annual sales of over €640 million. The Messe Frankfurt Group has a global network of 30 subsidiaries and 55 international sales partners, allowing it to serve its customers on location in 175 countries. Messe Frankfurt events take place at approx. 50 locations around the globe. In 2016, a total of 138 trade fairs were held under the Messe Frankfurt umbrella, of which more than half took place outside Germany.

Thanks to its far-reaching ties with the relevant sectors and to its international sales network, the Group looks after the business interests of its customers effectively. A comprehensive range of services – both onsite and online ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).For more information, please visit our website at: www.messefrankfurt.com


About Messe Frankfurt Middle East GmbH

The portfolio of events for Messe Frankfurt Middle East includes Automechanika Dubai, Automechanika Jeddah, Automechanika Riyadh, Beautyworld Middle East, Hardware+Tools Middle East, Intersec, Intersec Saudi Arabia, Leatherworld Middle East, Light Middle East, Materials Handling Middle East, Materials Handling Saudi Arabia, Paperworld Middle East, and Prolight + Sound Middle East. The subsidiary also organises a series of conferences and seminars including the BOHS Worker Health Protection Conference, the Business in Beauty Summit, the Light Middle East Conference, Smart Traffic Middle East, and Future Mobility. For more information, please visit our website at www.messefrankfurtme.com

 

For more information, please contact:

Gareth Wright, Samah Mousa
Dubai, UAE
Tel: +971 4 3894 573
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.

Goldrich Mining Company is pleased to provide shareholders with the 2017 estimated production forecast, as provided by our joint-venture partner NyacAU, LLC and also announce a 122-hole sonic drill program at its Chandalar placer mine in Alaska.

The Chandalar mine is owned by Goldrich NyacAU Placer, LLC , a joint venture between Goldrich and NyacAU, to mine the various placer deposits that occur throughout Goldrich’s 23,000-acre Chandalar gold project in Alaska. NyacAU acts as project manager.


2017 Production Forecast

GNP forecasts total 2017 production will be approximately 14,100 ounces of fine gold at a cost of approximately US$700 per ounce. This compares to actual production of 3,857 and 8,227 ounces of fine gold in 2015 and 2016, respectively, and a 2016 cost of approximately US$960 per ounce. Final numbers for the 2017 forecast and the 2016 costs may change as Goldrich and NyacAU are currently in discussions concerning certain accounting items.


The 2017 forecast assumes 120 days of plant operation, 19 hours a day, with a processing rate of 308 bank cubic yards (“bcy”) per hour. In 2016 the plant operated approximately 15 hours a day at a processing rate of 183 bcy per hour.

GNP is making modifications to the plant to increase efficiency and plans to complete upgrades by the end of May. Total plant capacity after modifications is expected to increase approximately 119% to 400 bcy per hour.


Drill Program

Beginning in June, GNP plans to conduct a 122-hole sonic drill program. Drill hole footage is expected to total 7,700 feet with an average hole depth of 63 feet. The drill plan is designed to further define mineralized placer material between Line 8.6 to Line 12 as well as test for potential mineralized material from Lines 13 to 17.5. Each Line is approximately 500 feet apart and drill lines will be spaced roughly 250 feet apart.


Goldrich previously completed a reverse circulation drill program that delineated approximately 10.5 million cubic yards of mineralized material at an average grade of 0.025 ounces (0.78 grams) gold per cubic yard containing an estimated 250,000 ounces of gold(1). In 2016 GNP surveyed the area beyond Line 11 and received a permit to mine Lines 11 to 18 in addition to permits already received to mine from Line 1 to Line 11. GNP work indicates the gold mineralization extends further along strike beyond Line 11 for grades at least at the mineralized grades potentially increasing the contained gold.

(1) This mineralized material is not a mineral reserve as defined in SEC Industry Guide 7.

Comstock Mining Inc announced , that along with its subsidiary, Comstock Industrial LLC, it received the Nevada Certified Site accreditation from the NNNDA on its strategically situated, 98-acre industrial property in Silver Springs, Nevada, in immediate proximity of the super-routed USA Parkway and Highway 50 intersection.

The site is located in the direct vicinity of the expanding Tahoe Reno Industrial (“TRI”) Center, the Silver Springs Airport and the USA Parkway—which enables the most efficient throughways to Fallon, Yerington, Carson City, Las Vegas, Phoenix, and Los Angeles, and beyond. This site is only the second site to achieve this Northern Nevada certification and is the first certified in Lyon County.


The Nevada Certified Site Program is designed to provide critical decision-making information to business owners, developers and site selectors to allow informed, expedited decisions. The Nevada Certified Site designation serves as a pre-qualification for buyers, indicating that a property’s title is clear, appropriately zoned, possesses sufficient utilities, adequate transportation access and other critical infrastructure for industrial and commercial uses. It also includes a confirmation that a positive, Phase One environmental assessment has been completed, among many other criteria. The designation ensures that a company’s expansion plans will not be held back by costly delays in permitting and approvals.


NNDA also cited several positive factors for locating a business in Nevada
Nevada consistently ranks as one of the top ten states to do business based on taxation & regulation, workforce quality, and living environment;

Northern Nevada’s centralized location can reach 11 western states within one to two transport days;

Nevada’s favorable tax structure does not have a Corporate Income Tax, Personal Income Tax, Inventory Tax, Unitary Tax, Estate Tax, Gift Tax, Franchise Tax, Inheritance Tax or Special Intangible Tax; and Nevada has one of the lowest costs to incorporate in the U.S.


“The commercial and industrial real estate market in the Sierra Region is growing dramatically,” said NNDA Executive Director Robert Hooper. “Industrial vacancy rates are down and, in many cases, current buildings are not meeting the market’s needs. Building a new facility to meet the specialized needs of today’s market is ideal but can take too long to get through the due diligence and approval processes. The Nevada Certified Site program solves the problem and helps buyers, sellers and developers accelerate their economic goals by doing and certifying the heavy administrative work up front.”

To become certified, the owners of a property must prove that their land meets 35 different requirements and benchmarks designed to speed up the due diligence period most buyers go through. The program is designed to support businesses that are looking to construct their own building, but don’t have the time to wait while all of the preliminary assessments are done on the property.


Corrado De Gasperis, President & CEO of Comstock Mining Inc. said, “We are pleased to receive this advantageous site certification from NNDA. The NNDA process was incredibly thorough and collaborative, especially working with Lyon County officials and local utilities. The certification required us to meet more than 30 different prerequisites and benchmarks, all designed to expedite the development process most buyers go through. Essentially, this site is ‘shovel ready’, saving everyone time and money.”


The 98-acre Comstock Industrial site in Silver Springs, Nevada, is also located adjacent to the Silver Springs Airport, multiple, expansive parcels of commercial and industrial properties and immediately within the municipal water and sewer service area, serviceable by electrical power, natural gas, and communications. The Company also owns over 256 acre-feet of the most senior water rights in the basin. NNDA has uploaded the certified site information packet at this link:

http://www.nevadacertifiedsites.com/service/98-acre-commercialindustrial-site/

The property is ideally situated with excellent logistics in immediate proximity to where USA Parkway (State Route 439) connects with US 50 from Interstate 80, through the TRI Center, also known as the largest industrial park in the world. The Company plans to sell certain, non-mining related lands, buildings and water rights, including the Certified Site, for expected net cash proceeds of more than $14 million during the next 12 to 18 months. The Nevada Department of Transportation has an animated flythrough of USA Parkway (SR 439) that can be viewed at this link:
http://www.nevadadot.com/projects-programs/road-projects/usa-parkway

 

About Comstock Mining Inc.

Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.


Corrado De Gasperis
President & CEO
Tel (775) 847-4755
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Zach Spencer
Investor Relations
Tel (775) 847-5272 ext. 151
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Graphite One Resources Inc. notes that its Graphite Creek development project located near Nome, Alaska was included among the infrastructure projects introduced into testimony to the U.S. Senate Energy and Natural Resources Committee, at its March 30, 2017 hearing, entitled "The potential for infrastructure improvements to create jobs and reduce the cost of living through all-of-the-above energy and mineral production in Alaska."

In written testimony to the Senate Energy and Natural Resources oversight hearing, Alaska's State Geologist, Steve Masterman, listed the Graphite Creek Project among the state's "significant potential development and infrastructure projects." Mr. Masterman noted:

"The Graphite Creek Project Located on the Seward Peninsula, approximately 50 miles from Nome, this is the largest graphite deposit in the United States and could supply the nation's graphite needs for decades. Natural graphite is a "Supply Critical Mineral", and currently there is no domestic production. Infrastructure needed for the project is anticipated to include a 16-mile, all-season access road and a power generating facility. In addition, the project is exploring opportunities to locate their graphite reprocessing facility in Alaska, which, with infrastructure and financing support, would be an additional boost for local employment and economics."


Joy Baker, Port of Nome director, testified that her agency includes the Graphite One project among its infrastructure priorities:


"The world-class Graphite Creek prospect near Nome has attracted significant interest and it has been characterized as the largest and highest grade large flake graphite deposit in the U.S. Its development is very close and the Port of Nome will play a key role in both in supporting its development, and exporting the raw material for refining in Alaska or in the Lower 48."

"We are pleased to see Alaska state officials include our project in their infrastructure plans as outlined to the U.S. Senate," said Anthony Huston, CEO of Graphite One. "Graphite Creek has the potential to provide a secure U.S. source of a material critical to high-tech, green-tech and national security applications."

The Senate hearing and written testimony can be found at: https://www.energy.senate.gov/public/index.cfm/hearings-and-business-meetings?ID=0293C1AE-DB44-42B1-8EFB-B14AEFAD57E1


ABOUT GRAPHITE ONE RESOURCES INC.
GRAPHITE ONE RESOURCES INC. continues to develop its Graphite One Project (the "Project"), whereby the Company could potentially become the dominant American producer of high grade Coated Spherical Graphite ("CSG") that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the lithium-ion electric vehicle battery market. As set forth in the Company's Preliminary Economic Assessment, potential graphite mineralization mined from the Company's Graphite Creek Property, is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. CSG and other value-added graphite products, would likely be manufactured from the concentrate at the Company's proposed graphite product manufacturing facility, the location of which is the subject of further study and analysis. The Company intends to make a production decision on the Project once a feasibility study is completed.


CONTACT INFORMATION
Anthony Huston
CEO, President & Director
(604) 697-2862
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Investor Relations Contact
1-604-684-6730
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