Vulture In Review

Thursday, April 17, 2014

COT Release on Good Friday

According to the release schedule on the CFTC web site, data for the COT week ending Tuesday, April 15, will be released tomorrow, Good Friday, April 18. See Release Schedule: http://www.cftc.gov/MarketReports/CommitmentsofTraders/ReleaseSchedule/index.htm Accordingly we will have our usual DCOT report tomorrow, but probably not at the usual time. Watch for it. Happy holidays.

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Wolfpack Gold Corp. and Timberline Resources Corporation Revise Merger

Reno, Nevada, April 17, 2014:Wolfpack Gold Corp.(TSX.V: WFP) (the Company)announced today that it has restructured its proposed merger with Timberline Resources Corporation (NYSE MKT: TLR; TSX-V: TBR)(“Timberline”)originally announced March 13, 2014.The transaction is now expected to be structured such that Timberline will acquire all of the outstanding shares of a Wolfpack subsidiary, which will hold all of Wolfpack’s current assets, other than its uranium holdings, in exchange for shares of common stock in the capital of Timberline at a ratio equal to 0.75 of a Timberline share for each outstanding share of Wolfpack. Wolfpack will distribute the Timberline shares to Wolfpack shareholders at

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Kaminak Reports Heap Leach Oxide Gold Recoveries of Greater than 85% on 6 inch Crushed Material from Coffee

Vancouver, B.C. – Kaminak Gold Corporation (KAM: TSX-V) wishes to announce additional, encouraging, column leach metallurgical results from bulk, course crush, surface oxide samples collected in 2013 at the Coffee Gold Project, 130 km south of Dawson City, Yukon. Gold recoveries between 85-88% were returned within a 100-150 day leach period from 6” crush samples collected from surface trenches at both Supremo and Latte. Corresponding samples crushed to 1” returned gold recoveries of 92% over the same period. No agglomeration was required. The 2013 metallurgical program is now complete and final results are being incorporated into a Preliminary Economic Analysis (“PEA”), which is

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Timberline Amends Agreement to Acquire Assets of Wolfpack Gold

COEUR DALENE, IDAHO--(Marketwired - April 17, 2014) - Timberline Resources Corporation (NYSE MKT:TLR)(TSX VENTURE:TBR) (Timberline or the Company) announced today that it has restructured its proposed acquisition of Wolfpack Gold Corp. (TSX VENTURE:WFP) (Wolfpack) and has executed an Amended Letter of Intent (LOI) reflecting the revised terms. Timberlines acquisition of Wolfpack is expected to create a Nevada-focused gold exploration company with a substantial portfolio of quality assets in a world-class jurisdiction. Pursuant to the amended structure, Timberline intends to acquire all of the outstanding shares of a Wolfpack subsidiary which will hold all of Wolfpacks current assets other than its uranium holdings in

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Wednesday, April 16, 2014

Millrock Stakes Lisburne Zinc Project, Alaska

VANCOUVER, BRITISH COLUMBIA, March 16, 2014 - Millrock Resources Inc. (TSX-V: MRO) (Millrock or the Company) announces today that through staking it has acquired a large claim group in northwest Alaska that is prospective for large-scale zinc (+lead and silver) deposits.The claim blocks cover age-equivalent rock strata that are known to host the Red Dog district zinc-lead-silver deposits approximately 140 km to the southeast. Stream sediment samples collected by the United States Geological Survey indicate strong zinc and barium anomalies on the claims.

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Yamana Gold and Agnico Eagle Announce a Friendly Acquisition Agreement With Osisko Mining Corporation

C$8.15 per share offer provides superior shareholder value TORONTO, ONTARIO--(Marketwired - April 16, 2014) - YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) (Yamana), Agnico Eagle Mines Limited (NYSE:AEM)(TSX:AEM) (Agnico Eagle) and Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) (Osisko) are pleased to announce that they have entered into an agreement (the Agreement) pursuant to which Yamana and Agnico Eagle will jointly acquire 100% of Osiskos issued and outstanding common shares for a total consideration of approximately C$3.9 billion or C$8.15 per share. The total offer consists of approximately C$1.0 billion in cash, approximately C$2.33 billion in Yamana and Agnico Eagle shares, and shares of a new company (Spinco) with

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Constantine to Acquire Major Land Package Surrounding the Palmer Copper-Zinc-Silver-Gold Project, Southeast Alaska

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 16, 2014) - Constantine Metal Resources Ltd. (TSX VENTURE:CEM) (Constantine or the Company) is pleased to announce the Company has been awarded the right to lease a 99,257 acre package of land (the Haines Block) for mineral exploration and development. The Haines Block is contiguous with and surrounds the Federal and State mining claims that make up the approximately 16,000 acre Palmer Property (Figure 1). Garfield MacVeigh, President and CEO states, We are very pleased with the opportunity to secure this large, prospective and strategic land package. The Haines Block further consolidates Constantines district-scale property position and provides

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Pretium Resources Inc.: Brucejack Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 16, 2014) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) (Pretivm) is pleased to announce the following update on its activities underway and planned for 2014 at its high-grade gold Brucejack Project.

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Tuesday, April 15, 2014

Endeavour Silver Extends New High Grade Silver-Gold Mineralization in Villalpando-Asuncion Vein at El Cubo Mine Over 800 Metre Length

VANCOUVER, BRITISH COLUMBIA, Apr 15, 2014 (Marketwired via COMTEX) -- Endeavour Silver Corp.EXK-3.85%CA:EDR+2.11%announces that exploration drilling at the El Cubo mine in Guanajuato State, Mexico has extended the recently discovered high grade, silver-gold mineralized zone in the Asuncion area of the Villalpando vein system (V-Asuncion) to over 800 metres long, still open at depth and to the southeast for expansion.

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GoldQuest: 3,285 KM ZTEM Airborne Survey Completed for Tireo Project, Dominican Republic, Surrounding the Gold/Copper Romero Project

VANCOUVER, BC--(Marketwired - April 15, 2014) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) (GoldQuest or the Company) is pleased to announce that the Company has completed an airborne ZTEM geophysical survey covering its 100% owned Tireo Project, and has initiated its 2014 exploration program. Geotech Limited of Canada has flown 3,285 kilometers of flight lines, with investigation depths reaching 1.6 kilometers, allowing the Company to quickly and effectively evaluate the geological and mineral potential of the Tireo Project.

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ATAC Resources Ltd. Announces 2014 Exploration Program at the Rackla Gold Project, Yukon

April 15, 2014 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) (ATAC or the Company) is pleased to provide an overview of its multiphase 2014 exploration and drilling program at its 100% owned Rackla Gold Project in east-central Yukon. ATACs Rackla Gold Project covers an area of 1,700 sq/km and hosts Canadas first Carlin-type gold discoveries. The project area is divided into two distinct trends: (i) the 50 km long Nadaleen Trend which hosts drill-confirmed Carlin-type mineralization at the Conrad, Osiris, Isis East, Sunrise and Anubis Zones: and (ii) the 20 km long Rau Trend which hosts the Tiger Gold Deposit and the

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Ivanhoe Mines' drilling program extends depths of rich zinc and copper zones at the Kipushi Mine in D.R. Congo

Review of previous drill holes indicates that tonnage and grade of the Big Zinc Discovery were understated in historical estimate. LUBUMBASHI, THE DEMOCRATIC REPUBLIC OF CONGO – Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that early results from the companys underground diamond-drilling program at the Kipushi copper-zinc-germanium-lead and precious-metals mine have established significant down-dip extensions of the unmined high-grade Big Zinc Discovery. Ivanhoes drilling has extended the Big Zinc mineralization to a depth of approximately 1,700 metres below surface, which is an additional 200 metres deeper than the previous lowest level of the

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Monday, April 14, 2014

Accumulating Smaller Issuers 3

This is installment 3, picking up where installment 2 left off. This is the “sleeper installment.” The installment that contains our best guesses for the super sleepers looking ahead. And let’s start with one that is still snoozing even though it has put a lot of gold on the table. Columbus Gold (CGT.V), who is developing the Paul Isnard project in French Guiana having delivered a 43-101 compliant 5.3 million ounces of gold in 117 million tonnes of material. We are merely calling attention to the company, knowing that the pros among you will be doing careful and thorough due diligence on any

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Denison Mines Corp. Announces Definitive Agreement for Acquisition of International Enexco Limited

TORONTO, ONTARIO--(Marketwired - April 14, 2014) - Denison Mines Corp. (Denison or the Company) (TSX:DML)(NYSE MKT:DNN) is pleased to announce the signing of a definitive arrangement agreement (the Arrangement Agreement) with International Enexco Limited (IEC), pursuant to which Denison will acquire all of the issued and outstanding common shares of IEC (the IEC Shares) by way of a plan of arrangement (the Arrangement). The terms of Denisons acquisition are unchanged from those that were announced on March 19, 2014.

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Fortuna reports record production of 1.5 million ounces of silver and 8,150 ounces of gold for first quarter 2014

Vancouver, April 14, 2014 - Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) (BVL: FVI) (Frankfurt: F4S.F) is pleased to announce first quarter 2014 production figures from its two operating mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. The company produced 1.5 million ounces of silver, 8,150 ounces of gold plus base metal by-products. Fortuna is on schedule to produce 6 million ounces of silver and 32,300 ounces of gold or 7.9 million Ag Eq* ounces in 2014. Jorge A. Ganoza, President and CEO, commented: I am very pleased with the strong production figures for

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Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

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