Skeena Releases Drill Results from Spectrum & Commences Drilling at Snip

Aug 24, 2016

Vancouver, BC (August 24, 2016) Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce initial drill results from the Spectrum gold-copper project (“Spectrum”) and the commencement of drilling at the Snip gold project (“Snip”), both located in the Golden Triangle of northwest British Columbia. Walter Coles Jr., President & CEO of Skeena, stated, “We have two significant exploration programs underway. At Snip, assays for high-grade gold...

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West High Yield Resources planning magnesium mine

Aug 24, 2016

Junior exploration company, West High Yield Resources Ltd. [WHY-TSXV], is aiming to take its Record Ridge magnesium project into production. Discovered in 2007, the project is 7.5 km west-southwest of Rossland, southern British Columbia. Frank Marasco, President and CEO, said, “We are in a pro-mining town, with full infrastructure in place. It will be an open pit [operation] and we are very happy with this discovery.” WHY retains 100% of the mineral rights at Record Ridge, and are in the...

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Nexus Gold completes $1.25-million private placement

Aug 24, 2016

NEXUS GOLD CLOSES $1.25 MILLION PRIVATE PLACEMENT Nexus Gold Corp. has completed a non-brokered private placement of 25.1 million units in the capital of the company at a price of five cents per unit for gross proceeds of $1,255,000. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of 7.5 cents for a period of 24 months. “With a...

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