First Tidal Acquisition Corp T.AAA

RE:RE:RE:RE:RE:RE:RE: It now!

[oceaneleven]

oh for sure reggieman.....TECK has Chinese Connection......

 

True Gold Submits Final Mine Permit Applications and Obtains Financing to Advance Karma Project in Q2 2013August 29, 2013

VANCOUVER, B.C. – True Gold Mining Inc. (TSX-V; TGM) (“True Gold” or the “Company”) is pleased to announce financial results for the second quarter ended June 30, 2013 and business highlights to date, including mine permitting milestones, exploration success and significant new funding intended to drive advancement at the Karma Gold Project (the “Karma Project”) in Burkina Faso, West Africa1.

Second-quarter 2013 highlights and significant subsequent events include:

• Raised an aggregate $33.5 million for advancement and exploration of the Karma Project, exploration at the Liguidi Project (“Liguidi”) and for working capital purposes through agreements with Teck Resources Limited (“Teck”) and Liberty Metals & Mining Holdings, LLC (“Liberty”)².
• Submitted Karma (Goulagou I, Goulagou II, and Rambo deposits) exploitation permit application and Kao exploitation permit application to regulatory authorities in Burkina Faso, West Africa in July 2013. The exploitation permits (equivalent to mining permits) are the final permits required before mining can begin at the four deposits. The process from filing of application until granting of the exploitation permit typically takes four to six months.
• Met significant milestones related to Karma Project advancement, including Burkina Faso government committee approval and community endorsement for the Karma Project relocation plan, and finalization of the related land compensation agreements³.
• Substantially constructed the first phase of a fresh water reservoir, providing water for community use and exploration purposes.
• Reported drill results at priority targets (North Kao, Rambo West and Watinoma) that demonstrate continuity of gold mineralization and highlight the potential to add near-surface oxide material within close proximity and potential trucking distance of the proposed infrastructure site of the Karma Project^1,4.
• Identified widespread near-surface gold mineralization and expanded Liguidi's main gold-in-soil anomaly to 17 kilometres in length⁵.

“True Gold has generated strong momentum for the Karma Project in key areas such as mine permitting, community relations, project funding and exploration,” said Dwayne Melrose, President & CEO, True Gold. “We remain on track to deliver a feasibility study for the Karma Project in Q4-2013.”

¹ The Company has not made a production decision and the Company’s strategic plan to develop a stand-alone heap leach operation is subject to the results of its feasibility study, which is currently underway. Further, if and when the Company makes any production decision, it will disclose the basis of such decision in accordance with the requirements of NI 43-101.