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Resource World - Feb-Mar 2016 - Vol 14 Iss 2

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f e b r u a r y / m a r c h 2 0 1 6 www.resourceworld.com 13 Canadian Malartic's auspices. Adventure Gold inc. [AGE-TSXV] is an explo- ration company focused on the Abitibi region. On November 24, it closed a private placement for just over $725,000. This was followed by another pri- vate placement on December 8 for $200,000. On October 7, the company announced an agreement with SOQUEM Inc., which can acquire a 50% stake in its central and western Detour gold properties in Québec by spending $4 million over four years. Agnico-eagle mines ltd. [AEM-TSX, NYSE] wholly-owns the LaRonde, Goldex and Lapa mines in Québec, and holds a 50% interest in the Canadian Malartic Mine. yamana Gold corp. [YRI-TSX] holds the remainder. Agnico-Eagle reported payable gold production of 441,124 ounces for Q3, which compared with 349,273 ounces recorded for Q3 2014. On a by-product basis, it achieved an all-in sustaining cost of $759/ oz. Canadian Malartic recorded 153,206 ounces gold on a joint a 100% basis. Alexandria minerals corp. [AZX-TSXV; ALXDF-OTC; A9D-FSE] owns or has rights to acquire 21 properties along the Cadillac Break. It completed the second tranche of a non-bro- kered private placement and royalty package for $875,500 on November 5. The first tranche for $1 million closed October 22. In June 2015, the company reported encouraging drill results just northeast of its Orenada gold project. Drill hole OAX-15-056 intersected 0.45 g/t gold, 0.59% cop- per and 8.35 g/t silver from 157.50-180.60 metres. Balmoral resources ltd. [BAR-TSX] recently reported encouraging results from its Bug Lake composite sample taken from the Martiniere prop- erty in Québec. Gold recoveries of 91.4% and silver recoveries of 80.2% were achieved in pre- liminary metallurgical testing. On November 16, it announced drill results for work at its Grasset Nickel-Cu-PGE discovery. Highlights included hole GR-15-97, which returned an intersect of 10.50% nickel 0.74% copper, 1.87 g/t platinum and 4.87 g/t palladium from 460.13-467.63 metres. Beaufield resources inc. [BFD-TSXV] announced results from a 15-hole exploration campaign at its Urban property on December 8. Highlights included hole BU-15-07, which had an intercept of 7.86 g/t gold and 1.3 g/t silver from 33-39 metres, and hole BU-15-06, which returned 1.08 g/t gold and 1.8 g/t silver from 60-62 metres. The company also reported encouraging sampling results from Urban on October 22, with several new areas of interest identified. Bonterra resources inc. [BTR-TSXV; BONXF- OTC; 9BR-FSE] recently completed a positive Phase I, four-hole drill program on its 100%- Construction of the portal is under way at Integra Gold's Lamaque South gold project east of Val d'Or, Quebec. Photo courtesy Integra Gold Corp.

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