FINANCE – Seabridge Gold Inc. July 22 reported the closing of a C$13.8 million bought deal financing consisting of 1.15 million flow-through common shares at a price of C$12.00 per share – a 23.5 percent premium to Seabridge’s closing price on the Toronto Stock Exchange the day the financing was announce. The proceeds from the offering will be used to fund an increased exploration program at the company's KSM copper-gold project in northwestern British Columbia. “This financing enables us to commit the necessary resources for an expanded 2014 program at KSM. We have been refining the targeting data obtained from the geophysical surveys completed this spring. This work has helped us to establish additional high-priority opportunities that we would like to test this year if possible. This financing will enable us to increase the number of rigs in the program,” said Seabridge Chairman and CEO Rudi Fronk. “As with all our exploration spending, we expect to generate additional gold and copper resources which will more than offset the share dilution involved. Growing gold ownership per share continues to be a key objective for Seabridge.” The offering was made by way of private placement in Canada and the shares are subject to a four month hold period expiring on Nov. 23.

GOLD/COPPER/SILVER – Romios Gold Resources Inc. July 22 reported the start of a mapping and sampling program on various showings and will be evaluating mineralized occurrences at its Newmont Lake gold-copper-silver property in northwestern British Columbia. The program follow up on the work completed to-date and new information obtained from a September 2013 airborne ZTEM and magnetic geophysical survey carried out by Geotech Ltd. Last year's Burgundy Ridge discovery and the possible extensions of the on-strike mineralized occurrences of the Telena and '72 Zones will be tested. Romios said more than seventeen discrete magnetic anomalies have been outlined in the Geotech survey of which nine currently appear to be unexplained geologically and could represent significant exploration targets.

FINANCE – SnipGold Corp. July 21 reported that its C$150,000 non‐brokered flow-through private placement was oversubscribed and has been increased to C$165,465. Insider participation in the placement accounted for just over 40 percent of the proceeds. SnipGold issued 1,654,650 units at a price of C10 cents per unit. Each unit consists of one flow-through common share and one-half of one non‐transferable warrant. One full warrant will entitle the holder to purchase one non-flow-through common share of the company at C12 cents per share for a period of 18 months. SnipGold said it may pay up to 7 percent cash finders’ fees in connection with the private placement. Funds from this financing will be used to carry out a small verification field program this season; to complete pre-existing field commitments; and for the continuation of the compilation of historical data and interpretive work. A field program to be carried out their Iskut Property is expected to be held in conjunction with Colorado Resources Ltd.'s first exploration program on the adjacent KSP Property. Colorado's 2014 KSP exploration marks the first phase of field work in connection with an earn-in agreement between Colorado and SnipGold.

GOLD/SILVER/FINANCE – Homestake Resource Corp. July 21 reported the start of drilling at its Homestake Ridge gold-silver property in northwestern BC. The 2014 exploration program, being conducted by Agnico Eagle Mines Ltd., is expected to include at least 7,500 meters of core drilling budgeted at a cost of C$3 million. Agnico Eagle has assumed project management under an option agreement to fund exploration and development costs of C$25.3 million before the end of 2017 to earn a 65 percent interest in the property. Agnico Eagle is in the third year of the six year option. Drilling is underway the Slide target, a mineralized zone identified in 2013 and located southeast of the Homestake Silver deposit. An initial six-hole drill program is planned for the Slide target. Homestake President Joe Kizis said, “We look forward to an aggressive drilling campaign at Homestake Ridge this field season. It follows up on a new mineralized zone discovered last year, as well as includes significant step-outs from our known deposits that could potentially add to the current NI 43-101-compliant resource. Having a strategic partner like Agnico Eagle in these difficult times allows the company to aggressively advance our project to create additional shareholder value.” The Homestake Ridge project is being advanced as a potential high-grade underground mining operation.