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CORAL SPRINGS, Florida, June 25, 2014 /PRNewswire/ --
Mining report for news happenings, corporate updates, advancements and events for Gold Miners: Intertech Solutions Inc. (OTC: ITEC), Sandstorm Gold Ltd. (NYSE: SAND), Goldcorp Inc. (NYSE: GG), Kinross Gold Corporation (NYSE: KGC) and Allied Nevada Gold Corp. (NYSE: ANV)
Intertech Solutions Inc. (OTC Pink: ITEC) today is very pleased to report that the Company has received the final gold sample assays for a complete set of results from the previously announced Phase 2 trenching and sampling program at its WPE #1 and #2 gold claims located in Quartzite, AZ. The Company received certified assays as high as 193.872 grams per ton (5.757 ounces per ton) from excavated trench ore piles. Additionally, other multi-ounce assays include 163.354 g/t (4.852 opt), 109.428 g/t (3.250 opt), 79.697 g/t (2.367 opt) and 75.118 g/t (2.231 opt).
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These high grade results reflect and confirm the presence of coarse gold nuggets and gold flakes in the ore as seen visually in samples and at the laboratory. The Company therefore has calculated two grades of the project from over 100 chip and muck samples acquired in the Phase 2 program, one cutting all samples that exceed one ounce per ton, to a value of one ounce, and an uncut grade. These samples have given two weighted average grades of 4.556 grams per ton (0.135 opt) cut to one ounce, and 9.974 grams per ton (0.296 opt) uncut.
Sandstorm Gold Ltd. (NYSE: SAND) recently announced the closing of the previously announced plan of arrangement (the "Arrangement") pursuant to which the Company has acquired 100% of the outstanding common shares of Sandstorm Metals & Energy Ltd. ("Sandstorm Metals"). Shareholders of Sandstorm Metals voted in favour of the resolution approving the Arrangement at a Sandstorm Metals annual and special meeting held on May 27, 2014. A final order approving the Acquisition was granted by the Supreme Court of British Columbia on May 28, 2014. With the acquisition of Sandstorm Metals, the Company has a portfolio of 9 streams and 28 royalties, of which 13 of the underlying mines are producing gold.
Goldcorp Inc. (NYSE: GG) will release second quarter results prior to market open on Thursday, July 31, 2014. A conference call will be held Thursday, July 31, 2014, at 10:00 a.m. (PDT) to discuss the results. Participants may join the call by dialling toll free 800-355-4959 or 416-695-6617 for calls outside Canada and the U.S. A recorded playback of the call will be available until August 31, 2014 by dialling 800-408-3053 or 905-694-9451 for calls outside Canada and the US. Conference ID#: 5331726. A live and archived webcast will also be available at http://www.goldcorp.com. Goldcorp is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
Kinross Gold Corporation (NYSE: KGC) together with its subsidiaries, is engaged in mining and processing gold and silver ores. It is involved in the exploration, acquisition, development, and operation of gold bearing properties. The company has operations in Canada, the United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana, and Mauritania. As of December 31, 2013, its proven and probable mineral reserves included 42.8 million ounces of gold, 44.8 million ounces of silver, and 1.4 billion pounds of copper. On Tuesday, KGC closed down 3.92% on over 11.8 million share traded.
Allied Nevada Gold Corp. (NYSE: ANV) recently reported that the temporary repairs to the secondary and tertiary crushers have been completed and the crushing system is back in operation. With these repairs completed, we expect to be able to achieve our planned crushing rates of approximately one million tons per month for the heap leach operation. A permanent solution, bringing the crushing capacity to that required for the mill operations, is being engineered and is expected to be installed in the next year, well ahead of when it is required for the mill expansion. As stated previously, we do not anticipate any negative impact to our full year production guidance due to the delay in bringing the crusher online. The manufacturer has accepted responsibility for the costs of the temporary and permanent repairs.
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DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated one thousand seven hundred dollars for news coverage of the current press release issued by Intertech Solutions Inc. by the company.
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