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AM Gold Commences Exploration Program at Pinaya Gold-Copper Project in Peru

AM Gold Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) has announced the commencement of the Company's 2011 exploration program at its 100% owned Pinaya Gold-Copper Project in southern Peru.

7 Feb 2011

Asia Now Resources Encounters High-Grade Mineralization at Beiya North

Asia Now Resources Corp. (TSX VENTURE:NOW) has announced that the Company now has 11 rigs drilling at Beiya North adjacent to the open-pit Beiya Gold Mine, the largest gold mine in Yunnan Province of China, whose production capacity has been increased to 200,000 ounces of gold annually.

7 Feb 2011

China Sees Record Gold Production

In China its not just coal and iron ore that are being produced and consumed in large quantities. In 2010 the country has also seen record gold production with 340 tons of gold being extracted. China holds extensive gold reserves as a risk protection against the global financial markets.

7 Feb 2011

Marathon Gold Announces $3.5 Million Bought Deal Financing

Marathon Gold Corporation (TSX:MOZ) announces that it has entered into an agreement with a syndicate of underwriters, led by Stonecap Securities Inc. and including Octagon Capital Corporation, whereby the Underwriters have agreed to purchase, on a bought deal basis, 1,945,000 flow-through common shares of the Company at a price of $1.80 per Flow-Through Common Share for gross proceeds of $3,501,000.

7 Feb 2011

Luiri Gold Receives One Year Licence Extension

Luiri Gold Limited (TSX VENTURE:LGL)(ASX:LGM) has announced that the Attorney General of Zambia has informed the Ministry of Mines and Development that it has no objections to them entering into discussions with Luiri in order to find an amicable settlement on the issue of the cancelation of the Mining Licence LML48.

7 Feb 2011

Antioquia Gold Uses Private Placement Funds to Explore Gold Bearings at Guayabito and La Manuela Structures

Antioquia Gold Inc. (TSX VENTURE:AGD) has announced that further to the January 21, 2011 news release it has closed a non-brokered private placement for 19,455,495 common shares of Antioquia at a price of Cdn$0.40 per common share for gross proceeds to Antioquia of Cdn$7,782,198. All of the securities are subject to a four month hold period from the date of closing.

From Antioquia Gold Inc. 7 Feb 2011

Adamus Resources Intersects 5.98 G/T Gold over 7 Meters at Salman

Exploration drilling at Salman South and Salman Central has intersected extensions to the sulphide ore zones below the oxide pits.

7 Feb 2011

Great Basin Gold Looks to Raise $75 Million for South African Mine

Great Basin Gold Limited is a Vancouver based company that is hunting for funds in Canada to develop its South African gold project. The company needs $75 million capital to move its Burnstone gold mine to full production capacity.

6 Feb 2011

Newmont Mining to Acquire Fronteer Gold for $2.3 Billion

Fronteer Gold shareholders will see the world’s second largest gold producing company, Newmont Mining Corporation, take over the company in a Canadian $2.3 billion deal. This will result in a new company called Pilot Gold.

From Newmont Mining Corporation 6 Feb 2011

North Atlantic Resources to Begin 10,000 Metre Drilling at Lankafla Property

North Atlantic Resources Ltd. (TSX VENTURE:NAC) has reported that its wholly-owned subsidiary company in the Republic of Mali, North Atlantic Resources SARL, has completed the Convention d'Etablissement for a new 100% owned, convention called Lankafla.

5 Feb 2011