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New World Resource Commences Geophysical Survey on Lipeña Project

New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) has announced the commencement of an Induced Polarization geophysical survey over the Lipeña project and over a portion of the surrounding Bonete concession.

From New World Resource Corp. 16 Dec 2010

Kalahari Resources Buys Bourlamaque Property in Quebec

Kalahari Resources Inc. (TSX VENTURE:KLA) has announced, subject to regulatory approval, the acquisition of a 100% interest in the Bourlamaque property consisting of two claims located in Bourlamaque Township, Quebec, adjacent to the Company's flagship Lamaque property.

16 Dec 2010

First Gold Exploration to Buy Seven Rare Earth Element Properties in BC

First Gold Exploration Inc. (TSX VENTURE:EFG)(FRANKFURT:F12)(OTCQX:FGEXF) has announced that the Company has signed an agreement with Zimtu Capital Corp., Cathro Resources Corp. and Cazador Resources Ltd. to acquire a 100% interest in seven rare earth element and niobium properties in southeastern British Columbia.

16 Dec 2010

Adventure Gold, Mazorro Resources Sign Option to Earn 70% Interest in 26 Claims of Lapaska Property

Adventure Gold Inc. (TSX VENTURE:AGE) and Mazorro Resources Inc. (TSX-V: MZO; Frankfurt: JAM), has announced that they have signed a letter of agreement pursuant to which Mazorro has acquired an exclusive option to earn up to 70-per-cent interest in 26 claims covering an area of approximately 352 hectares of the Company's Lapaska Gold property in Val d'Or East area, by spending $7.7M in exploration expenditures, issuing 3,000,000 shares of Mazorro, paying $250,000 in cash payment and paying $2,000,000 over the next 6 years.

From Adventure Gold Inc. 16 Dec 2010

Gold Canyon Resources Intersects 45 G/T Gold over 1 Meter at Springpole Project, Canada

Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) has announced that hole SP10-026 has intersected 353 meters at 1.17 grams per tonne gold including 66 meters at 2.38 grams per tonne gold in the Portage Zone.

16 Dec 2010

Columbus Gold Reports 2010 Exploration Summary from its Nevada Gold Projects

Columbus Gold Corporation (TSX VENTURE:CGT) has provided the following exploration summary with respect to its Nevada projects for 2010 and upcoming plans for 2011.

From Columbus Gold Corporation 16 Dec 2010

Cortez Gold Updates on Petlacala Gold-Silver Project in Mexico

Cortez Gold Corp. (TSX VENTURE:CUT) has provided an update on its Petlacala Gold-Silver Project in Mexico.

15 Dec 2010

Fortuna Silver Mines Identifies Two New High-Grade Silver Ore Shoots at Caylloma Mine

Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) Mr. Jorge Ganoza, President & CEO, has announced the discovery and confirmation of two new high-grade silver ore shoots in the Bateas Vein, located in the central portion of the Caylloma Mine District.

From Fortuna Silver Mines Inc. 15 Dec 2010

Auryx Gold Encounters Three Gold Mineralization at Otjikoto Deposit

Auryx Gold Corp. (TSX: AYX) has announced that RC hole OTR 267 intercepted three zones of mineralization within 106m from surface; the best zone being 10m of 6.19 g/t Au starting at a depth of 60m.

15 Dec 2010

Balmoral Resources to Begin Drilling at Fenelon And Martiniere Gold Projects

Balmoral Resources Ltd. (TSX VENTURE:BAR) announced today that it has entered into an initial 13,000 metre diamond drill contract and will begin drill testing of its high-grade Fenelon and Martiniere gold projects in central Quebec on or about January 10, 2011.

15 Dec 2010

Augen Gold Seeks Option from Sanatana Diamonds to Acquire Mineral Claims in Ontario

Augen Gold Corp. (TSX VENTURE:GLD) announced today that it has entered into a letter of intent effective December 14, 2010, with Vancouver-based Sanatana Diamonds Inc. (TSX VENTURE:STA) a well-managed emerging resource company, for a proposed Option and Joint Venture Agreement to acquire up to 51% undivided interest in the rights to certain mineral claims in Chester, Yeo, Neville, and Benneweis townships in Ontario.

15 Dec 2010

Platinum Group Metal Approve $100m Mine Project

Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE:AMEX) (“Platinum Group” or the “Company”) is pleased to announce that it has approved a budget for $100m for the construction of the WBJV Project 1 Platinum Mine.

From Platinum Group Metals Ltd 15 Dec 2010

Tuffnell Receives Private Placement Financing for Little Butte Gold Property

Tuffnell Ltd. (OTC Bulletin Board: TUFF) has announced that it has secured private placement financing, pursuant to Regulation S of the Securities Act of 1933, in the amount of $100,000.

15 Dec 2010

Vantex Resources Intercepts 1.88 G/T Gold over 16.50 Metres at Hendrick Zone

Vantex Resources Ltd. has announced an intersection of 1.04 g/t Au over 45 metres in drill hole VPE10-15, located on the Hendrick zone, along the hole, including 16.50 metres at 1.88 g/t Au. This drill hole is located 600 metres south-west of the GP zone.

15 Dec 2010

Montoro Resources Receives Approval for Buying 12 Mineral Claims for Rare Earth Elements

International Montoro Resources Inc. (TSX VENTURE:IMT)(PINK SHEETS:IMTFF)(FRANKFURT:O4T) has received TSX Venture Exchange acceptance of the acquisition of a 100% interest in 12 mineral claims prospective for Rare Earth Elements, in 2 separate claim blocks covering approximately 11,500 acres, located northwest of the "Wicheeda" rare earth element discovery in the new Tacheeda Lake camp and the "Carbo" area of northeastern British Columbia.

From Marvel Discovery Corp. 15 Dec 2010