GOLD – Banks Island Gold Ltd. July 14 reported significant progress towards completion and commissioning of the grinding and flotation sections of the mineral process plant at its Yellow Giant gold property on Banks Island, B. C. The company said major equipment is now in place and company crews are now completing piping, pumps, and electrical work. Commissioning of the grinding and flotation sections are scheduled for late-July and production of flotation concentrate is expected to start in early August 2014. Design and construction of additional improvements will continue after commissioning. A gold room is planned to be commissioned in late August for upgrading gravity recoverable gold into a direct smelting gold product. An onsite assay laboratory facility is planned to be constructed and commissioned in September. Design and construction of all facilities are being handled by company employees.

FINANCE – Westhaven Ventures Inc. July 14 said it has closed the final tranche of its non-brokered private placement previously disclosed by the company on June 23. The final tranche raised gross proceeds of C$109,800. The company issued 260,000 share units of the company with each share unit consisting of one common share and one common share purchase warrant, at a purchase price of C10 cents per share unit. Each warrant is exercisable into shares at a price of C15 cents per share, expiring in two years from the date of issue. In addition, the Company issued 644,615 flow-through-share units, each FT-share unit consisting of one flow-through common share and one non-flow-through common share purchase warrant, at a purchase price of C13 cents per FT-share unit. Each NFT-Warrant is exercisable into shares at a price of C18 cents per share, expiring in two years from the date of issue. In connection with this private placement, the company paid finder’s fees of C$1,736. The securities issued in connection with this financing are subject to a hold period of four months and one day from the date of issue and shall not trade before Nov. 12, 2014. In aggregate, the company issued 1,460,000 share units and 2,144,615 FT-share units for gross proceeds of C$424,800 and paid C$10,616 in finder’s fees. Insiders subscribed to a portion of the private placement. The private placement is subject to final approval by the TSX Venture Exchange. The net proceeds from the private placement will be used for working capital and advancing exploration on the Shovelnose, Ben and Ben South projects in north-central British Columbia.

DELISTING REVIEW – The Toronto Stock Exchange July 14 announced a review of the common shares of Chieftain Metals Corp. with respect to meeting the continued listing requirements. Chieftain Metals has been granted 120 days in which to regain compliance with these requirements, pursuant to the remedial review process.

NICKEL – Westhaven Ventures Inc. July 9 said drilling has commenced on its Ben property, located midway between the Mount Polley and Gibraltar Mines, 50 kilometers north of Williams Lake, B.C. A recently completed geophysical program identified multiple drill targets related to the 2013 drill hole BN13-03 that intersected 70.6 meters of 0.31 percent nickel and 0.012 percent cobalt, mineralization starting from bedrock surface. A total of 10.5 line kilometers of induced polarization and ground magnetic surveys expanded the chargeability/magnetic targets associated with hole BN13-03. In Westhaven’s 2014 drill program, some 1,000 meters of diamond drilling will test nickel mineralization within the vicinity of drill hole BN13-03, which tested a chargeability target delineated from an IP program completed in 2012. Drilling intersected highly serpentinized ultramafic rocks from bedrock surface to 87 meters depth. Limited analytical, petrographic and microprobe work to date suggest a significant proportion of the nickel occurs as sulphides. The recently completed IP survey delineated multiple high chargeability anomalies over an area extending 1.7 kilometers. Two geophysical trends were outlined, one coincident high IP chargeability – high magnetics trending northwest over 1.4 kilometers and a second parallel IP chargeability – low magnetics situated 600 meters to the east. Four targets have been selected for immediate drill testing with the intent of finding near surface nickel mineralization. View the latest geophysical results at http://westhavenventures.com/projects/ben_property/

FINANCE – Dolly Varden Silver Corp. July 9 said it will pursue a non-brokered private placement of up to 50.0 million flow-through shares at a price of 12 cents per share for gross proceeds of C$6 million. Dolly Varden may pay finder’s fees on a portion of the financing in accordance with TSX Venture Exchange guidelines. Proceeds from the offering will be used for advanced exploration and drilling on the company’s Dolly Varden property. Dolly Varden President George Heard said, “These funds will be used to further drilling on the Dolly Varden silver property with the goal of testing several well-defined Eskay-Creek style targets and to expand areas of known high-grade mineralization.” Completion of the offering is subject to receipt of all regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a statutory four-month hold period.