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Terrace Resources Signs LOI to Buy 87.5% Working Interest in Los Patos Gas Unit

The directors of Terrace Resources Inc. (TSX VENTURE:TZR.P) has announced that the Company has entered into a letter of intent dated January 31, 2011 to acquire an 87.5% working interest and 65.1875% net revenue interest in certain oil gas leases referred to as the "Los Patos Gas Unit" from Eagle Energy and Development Company, a private company incorporated in Texas which is at arm's length to Terrace.

5 Feb 2011

Woulfe Mining to Execute Drilling of 520 Meter Exploration Hole at Muguk Prospect

Woulfe Mining Corp. (TSX VENTURE:WOF) will execute the drilling of a 520m exploration hole to investigate the possible extension of the Vein 2 lode at the Muguk Prospect.

From Woulfe Mining Corp. 5 Feb 2011

Sunset Cove Mining Announces Underground Sampling Results from Carolay Property in Peru

Lorne Woods, President of Sunset Cove Mining reports the following results from underground samples taken on its silver- polymetallic Carolay Property in the province of La Libertad in Peru.

5 Feb 2011

Wildcat Exploration Reports Initial Assay Results from Jeep and Mike Power Gold Projects

Wildcat Exploration Ltd. (TSX VENTURE:WEL) today announced the initial assay results from drill programs on the Jeep and Mike Power gold projects in the Rice Lake greenstone belt near Bissett, Manitoba. Based on these results the Company plans additional drilling on both projects.

5 Feb 2011

Newmont Mining Agrees to Buy Fronteer Gold and Long Canyon Project, Nevada

Columbus Gold Corporation (TSX VENTURE:CGT) announces that its Summit gold project is adjacent to where Newmont Mining Corp. announced February 3rd that it has agreed to acquire Fronteer Gold Inc., and its Long Canyon Project for approximately $2.3 billion.

From Columbus Gold Corporation 5 Feb 2011

Frontline Gold Receives TSX-V Approval for Stewart Gold Camp Property Expansion

Walter Henry, President and CEO of Frontline Gold Corporation (TSX VENTURE:FGC) announces that the property expansion of the Poly Au-Cu Project located in the Stewart Gold Camp has received TSX-V approval.

5 Feb 2011

Desafio Minero Completes Subscription for Additional Shares of Antioquia Gold

Desafio Minero S.A.C. announced that on February 3, 2011, it completed its subscription for 19,455,495 common shares of Antioquia Gold Inc. at a price per Common Share of $0.40.

From Antioquia Gold Inc. 5 Feb 2011

Explor Resources Completes 2010 Eastford Lake Exploration Program

Explor Resources Inc. (TSX VENTURE:EXS) has announced the completion of the 2010 Eastford Lake Exploration Program.

From Explor Resources Inc. 5 Feb 2011

Xmet Uses Private Placement Proceedings for Potential Acquisitions

Xmet Inc. (TSXV-XME) has announced a proposed non-brokered private placement offering of up to 6 million units at a price of $0.25 per Unit, for aggregate gross proceeds of $1.5 million.

5 Feb 2011

Commerce Resources Submits NI 43-101 Technical Report for Blue River Project

Commerce Resources Corp. (TSXv: CCE; FSE: D7H; OTCQX: CMRZF) announces that, further to its news release of February 2, 2011, it has filed its National Instrument 43-101 Technical Report entitled "Blue River Ta-Nb Project, Blue River, British Columbia" dated January 31, 2011, on SEDAR.

From Commerce Resources Corp. 5 Feb 2011

Beaufield Resources Announces Assay Results from Troilus Property in Québec

Beaufield Resources Inc. (TSX VENTURE:BFD) has reported results from the first four holes from a 10,000 metre drill program at Tortigny, located on it's 100% owned Troilus property, 100 kilometres north of Chibougamau, Québec.

From Beaufield Resources Inc. 5 Feb 2011

Adamus Resources Emerges as Ghana's Next Significant Gold Producer

Adamus Resources Limited poured its first gold bar at the Nzema Gold Project on 17 January 2011, confirming its emergence as Ghana's next significant gold producer.

4 Feb 2011

Newmont Mining Signs Agreement to Purchase All Common Shares of Fronteer Gold

Newmont Mining Corporation (NYSE:NEM) and Fronteer Gold Inc. (TSX:FRG)(NYSE Amex:FRG) today announced that they have entered into an agreement pursuant to which Newmont will acquire all of the outstanding common shares of Fronteer Gold by way of a Plan of Arrangement.

From Newmont Mining Corporation 4 Feb 2011

Scorpio Gold Begins 13,167 Meter Drill Program at Mineral Ridge Gold Project in Nevada

Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) has announced its joint venture partner, Scorpio Gold has begun a 43,200 foot three-phase drill program on the Mineral Ridge gold project in Nevada, in which the Company maintains a thirty percent interest via its membership interest in Mineral Ridge Gold, LLC; the joint venture entity that owns and operates the Mineral Ridge property with Scorpio.

From Golden Phoenix Minerals, Inc 4 Feb 2011

Columbus Gold Plans to Begin Drilling Program at Summit Gold Project

Columbus Gold Corporation (TSX VENTURE:CGT) has announced that a drilling program is planned to commence in the first half of this year on its Summit gold project where immediately to the south, Fronteer Gold Inc., has updated the gold resource estimate at its Long Canyon project to 1.4 million oz. measured & indicated (18.4M tonnes at 2.36 g/t) and 800,000 oz. inferred (11.2M tonnes at 2.24 g/t).

From Columbus Gold Corporation 4 Feb 2011