Riverside’s President & CEO, John-Mark Staude : “We are pleased to work closely with BHP’s geoscientists and their exploration group as the porphyry copper targets we have identified continue to progress towards drilling.”

Canasil Resources Inc. announces that the newly designed website covering the Company’s Silver-Gold-Copper discovery program in Mexico and British Columbia, Canada, is now on line.

“The end of Q2 marked a major milestone for the Magna Gold team. We achieved commercial production on schedule and had our highest production total in the month of June. We are seeing production ramp up every day and look to end the year producing ~7,500 oz Au per month.

The net proceeds from the Offering will be used for development activities at the Camino Rojo Oxide Gold Project and at the Cerro Quema Oxide Gold Project, exploration activities, technical studies on the Camino Rojo Sulphide Project, and for general corporate purposes, as further detailed in the prospectus supplement.

“While we are still very committed to and enthusiastic about our gold projects in Mexico, we couldn’t pass up the opportunity to acquire such an exciting gold exploration play in Newfoundland where recent exploration successes have already defined two new gold deposits and several discoveries,” stated Joanne Freeze, President and CEO of Xali Gold.

“I am pleased to report that mining of ore has resumed ahead of schedule in the Urucum Central South pit as the conditions affecting the stability of the west wall have improved significantly,” stated Robert Henderson, President and CEO.