GOLD – Kaminak Gold Corp. April 17 reported encouraging, column leach metallurgical results from bulk, course crush, surface oxide samples collected in 2013 at the Coffee Gold Project, located 130 kilometers (81 miles) south of Dawson City, Yukon. Gold recoveries between 85-88 percent were returned within a 100- to 150-day leach period from six-inch crush samples collected from surface trenches at both Supremo and Latte. Corresponding samples crushed to 1 inch returned gold recoveries of 92 percent 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, which is underway and scheduled for completion in the second quarter of 2014. Fred Lightner, Kaminak’s director of mine development, said, “The metallurgical testing results continue to illustrate the amenability of the Coffee deposits to heap leaching. Once again, the excellent recovery at the one-inch crush size of over 90 percent has been demonstrated. The high recoveries 85-88 percent at the six-inch crush size provide potential for treating lower grade ores by very coarse crushing, and even perhaps run-of-mine leaching. These final results of our 2013 Metallurgical program will provide valuable input for the preliminary economic assessment, currently in progress.” Other highlights of the results include: Column leach test work for the one-inch samples was conducted under simulated cold climate conditions. The six-inch crush columns were too large to be contained in the refrigerator and were leached at ambient temperature. Previous work has shown only a minor (minus 1 percent) gold-recovery difference between ambient and cold climate leaching, and bottle roll gold recoveries were not substantially increased compared to the column leach tests, which is consistent with previous results, indicating that heap leaching is a more attractive option than agitation leaching at this stage of the project.

ROYALTY/REORGANIZATION – Americas Bullion Royalty Corp. said it has received the final US$13.95 million payment from the sale of 18 royalties to Orion Royalty Company LLC as previously announced Nov. 26. The company reported the successful completion of the previously announced arrangement. In November, Americas Bullion entered into an amendment to the senior secured facility agreement with MF Investment, pursuant to which a nominee of MF Investment was granted an option to purchase 18 royalties from Nevada Royalty Corp., a wholly owned subsidiary of Americas Bullion. The option was exercised on Nov. 26, and NRC entered into an agreement of purchase and sale with Orion Royalty Company LLC pursuant to which NRC completed the sale of the royalties to Orion for a total of US$34 million, including retirement of the debt facility, subject to post-closing deliveries being satisfied. Americas Bullion also updated shareholders and confirmed that the reorganization transaction of the company pursuant to the arrangement received the approval of the Supreme Court of British Columbia. Further, the TSX Venture Exchange has conditionally accepted the listing of the restricted voting shares of Till Capital Ltd. that shareholders of Americas Bullion will receive under the arrangement. As a result of the Arrangement, the common shares of AMB will cease to be listed on the Toronto Stock Exchange and the Till Shares will become listed for trading on the TSX-V. As part of this transition, Americas Bullion’s shares will continue to be traded on the TSX for 3 business days. The AMB shares are expected to cease to be listed for trading on the TSX on or about the close of business on April 23. The Till shares will become listed for trading on the TSX-V on or about April 24. The company intends to apply to the relevant securities regulatory authorities to cease to be a reporting issuer in the applicable jurisdictions in Canada. On March 28, Americas Bullion’s shareholders voted in support of the arrangement with Till. Upon completion of the arrangement, which is subject to certain customary conditions, the general nature of the assets of Till will include more than C$35 million in cash and securities; about 55 separate royalty interests, including deeded and option royalties; ownership of all of the issued and outstanding shares of Resource Re Ltd., which holds a Class 3A insurance license in Bermuda and substantial ownership stakes in Silver Predator Corp. (75 million shares or roughly 64 percent interest), and Golden Predator Mining Corp. (formerly Northern Tiger Resources (15 million shares or about 54 percent interest), which both own assets in Yukon Territory, various assets in Nevada and Oregon and roughly 160 ounces of gold bullion.

GOLD – Atac Resources Ltd. April 15 provided an overview of its multiphase 2014 exploration and drilling program at the Rackla Gold Project in east-central Yukon Territory. ATAC’s Rackla Gold Project covers an area of 1,700 square kilometers (656 square miles) and hosts Canada’s first Carlin-type gold discoveries. The project area is divided into two distinct trends – the 50-kilometer (31 miles) long Nadaleen Trend, which hosts drill-confirmed Carlin-type mineralization at the Conrad, Osiris, Isis East, Sunrise and Anubis zones and the 20-kilometer (12.4 miles) long Rau Trend which hosts the Tiger Gold Deposit and the Ocelot silver-lead-zinc-tin discovery. The majority of the 2014 exploration program will focus on the Carlin-type gold discoveries within the Nadaleen Trend. 2014 phase 1 exploration objectives include continuing to expand the western end of the Sunrise Zone toward the high-grade Osiris anticline. Step out drilling will resume westward from the final 2013 holes that returned19.81 meters of 5.54 grams per metric ton gold (OS-13-214) and 16.76 meters of 6.76 g/t gold (OS-13-217). Atac will further prepare the Anubis-area targets for a second phase drill program with extensive excavator trenching and pitting. Exploration work will be carried out at the Anubis discovery where hole AN-12-001 intersected 8.51 meters of 19.85 g/t gold, on eight nearby 2012-2013 surface showings and on eight priority Carlin-type gold and/or pathfinder element soil anomalies over a 12-square-kilometer (4.6 square miles) area. Diamond drilling will be conducted at the Anubis zone in 2014. “Exploration in 2013 was very successful in identifying a new region of Carlin-type gold targets within a geochemical anomaly comparable in size to the Osiris cluster. We are very excited to return to these virtually untested priority targets. The planned Sunrise Zone expansion drilling and Anubis area trenching programs will continue to prove the resource and district potential of the Rackla Gold Project,” said Atac CEO Graham Downs. “With the first-phase Nadaleen Trend exploration program budgeted at approximately C$5 million, Atac will be in a very strong financial position with about C20 million remaining to conduct an aggressive second-phase program based on initial results.” The Sunrise zone is centered within the 3,000- by 4,000-meter Osiris cluster of five distinct Carlin-type gold occurrences that also includes the Conrad, Osiris, Isis East and Isis zones. Mineralization at Sunrise was first discovered in 2012 in hole OS-12-173 which collared in mineralization and returned 14.86 meters of 10.54 g/t gold. Subsequent drilling in 2013 west of hole OS-12-173 intersected high-grade gold mineralization hosted in intensely decalcified limestone adjacent to a steeply dipping fault. The mineralization is open to depth and along strike to the west toward the higher grade core of the Osiris zone. Initial drilling at Sunrise will step out westward from holes OS-13-214 and OS-13-217. A drill-hole plan map of the proposed 2014 Sunrise Zone expansion drilling area can be viewed on Atac’s website. The Anubis area was discovered in 2012, 10 kilometers (six miles) to the west of the Osiris cluster. It is characterized by a northwest trending 12-square-kilometer (4.6 square miles) gold and pathfinder element geochemical anomaly comparable in size and intensity to the Osiris area anomaly. Initial drilling beneath the Anubis discovery outcrop intersected 8.51 meters of 19.85 g/t gold in discovery hole AN-12-001. Follow-up soil geochemistry, prospecting and excavator pitting surrounding the Anubis zone in 2013 added six new gold/silver occurrences (Corona, Columba, Dorado, Draco, Zodiac and Lyra), to the 2012 discoveries at Anubis, Ana and Hydra. These nine priority showings and eight untested geochemical anomalies will all receive extensive excavator trenching in 2014. Phase 2 diamond drilling will be guided by the results of phase 1 trenching and prospecting. Highlights of the Anubis area include hole AN-12-003, which returned 16.76 meters of 9.08 g/t gold (69.19 meters to 85.95meters) which bottomed in mineralization that graded 4.54 g/t gold over 1.52 meters (153.01 meters to 154.53 meters). The Anubis Zone remains untested along strike and at depth. 2013 sampling at the Dorado gold target, located two kilometers (1.24 miles) northwest of the Anubis 2012 drill discovery, returned assays of 4.64, 3.98, 3.54, 2.63 and 2.62 g/t gold from hand pit grab samples. Hand pit grab samples from the Ana target returned 5.59, 3.54, 2.45 and 2.01 g/t gold. Silver values from the Zodiac and Corona showings include 900 g/t (26.25 ounces per short ton) silver and 2,910 g/t (84.88 oz/ton) silver, respectively. Grab samples taken from test pits at the Zodiac, Corona and Draco gold targets returned assay results greater than 1 g/t gold. And eight untested gold and/or pathfinder element soil anomalies were identified along the same structures as the nine previously discovered gold/silver showings. True widths for all highlighted drill-holes within the Osiris and Anubis discovery areas are estimated to be 60-100 percent of intersected widths. Within the Tiger Deposit, the oxide gold resource remains a significant asset to the company because it is high grade, at surface and only 12 kilometers (4.6 miles) from the fully permitted Wind River Winter Trail. The company continues to undertake internal evaluations that may lead to further scoping level studies to examine options for advancing the oxide-only indicated resource of 337,500 ounces of gold (2.47 million metric tons with an average grade of 4.25 g/t gold) and oxide-only inferred resource of 17,400 ounces of gold (180,000 metric tons with an average grade of 3.00 g/t gold), both calculated using a 1.60 g/t gold cut-off grade.