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Astur Gold Announces Preliminary Economic Assessment Results from Salave Gold Project

Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) has announced positive Preliminary Economic Assessment results for its 100% owned Salave Gold Project in Asturias, Spain.

16 Feb 2011

Alexco Resource Receives Core Drilling Results from Flame + Moth Property, Yukon

Alexco Resource Corp. (TSX:AXR)(NYSE Amex:AXU) has announced results from 2010 core drilling at its Flame & Moth property, within the Keno Hill Silver District in Canada's Yukon Territory.

From Hecla Mining Company 16 Feb 2011

Gold Bullion Development Reports Assay Results from Granada Gold Property, Quebec

Gold Bullion Development Corp. (TSXV:GBB) (OTCPINK:GBBFF) has received assay results for 56 diamond drill holes on its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec.

16 Feb 2011

Colt Resources Announces NI 43-101 Technical Report for Santa Margarida Do Sado Concession

Colt Resources Inc. has announced that it has received an independent NI 43-101 compliant technical report on its large base metals concession, Santa Margarida do Sado, located within the prolific Iberian Pyrite Belt in southern Portugal.

16 Feb 2011

Northland Resources, Metso Enter Agreement for Kaunisvaara Iron Ore Project

Northland Resources S.A. (TSX:NAU)(FRANKFURT:NPK)(OSLO:NAUR) has announced that today, an agreement between Northland and Metso AB was signed for the long-lead items for the Tapuli process line and basic engineering for the Process Plant System for the Kaunisvaara Project.

16 Feb 2011

Redhill Resources Completes Scoping Study for Development of Deflector Deposit in Gullewa Project

Redhill Resources Corp., (TSX VENTURE:RHR), announces that Mutiny Gold Ltd. (ASX:MYG), operator and optionee of Redhill's wholly owned Gullewa Copper-Gold Project, has informed Redhill that it recently completed a scoping study for development of the Deflector deposit, located within the Gullewa Project area in the South Murchison region of Western Australia.

16 Feb 2011

Selwyn Resources Reports In-Fill Drilling Results from XY Central Deposit

Selwyn Resources Ltd. (TSX VENTURE:SWN) has updated investors with the release of assay results from the drilling of the 98/99-lenses of the XY Central deposit at Selwyn Project, Yukon Territory that is being conducted by Selwyn Chihong Mining Ltd., the joint venture company equally owned by Selwyn and Chihong Canada Ltd.

16 Feb 2011

Typhoon Exploration Commences Drilling at Aiguebelle-Goldfields Property

Typhoon Exploration Inc. (TSX VENTURE:TYP) announces that a drilling campaign on the Aiguebelle-Goldfields Property has begun.

16 Feb 2011

Virgin Metals Completes Resource Estimate for Los Verdes Copper-Molybdenum Deposit in Mexico

Virgin Metals Inc. (TSX VENTURE:VGM) has announced the completion of a resource estimate prepared by Golder Associates Ltd. for the 100% owned Los Verdes Copper-Molybdenum deposit in Sonora Mexico.

16 Feb 2011

Yale Resources Intersects 698.6 G/T Silver over 2 Metres at Los Amoles Property

Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) has reported that field work at the Los Amoles Property continues to expand the main mineralized zone and has defined a vein system that has been traced on surface for approximately 800 metres along strike.

16 Feb 2011

Klondex Mines Continues to Discover High-Grade Gold Veins at Fire Creek Property, Nevada

Klondex Mines Ltd. (TSX: KDX) announced new high-grade gold intercepts from its exploration-drilling program at its Fire Creek property in North Central Nevada.

16 Feb 2011

Paramount Gold and Silver Returns Encouraging Results from Sleeper Gold Mine Project in Nevada

Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) announced today assay results from the first four core holes drilled on the West Wood target at its 100% owned Sleeper Gold Mine Project in Nevada have returned gold values consistent with past production from the project and confirmed the resource model developed by the previous owner. Assay results from a further 14 holes completed at the Sleeper project are expected shortly.

16 Feb 2011

Black Hawk Exploration Announces Start-Up Plans for First Drill Program

Black Hawk Exploration (OTCM :BHWX), a diversified Oil and Gas, Gold, Silver, Lithium, and Potash exploration company, has announced start-up plans on the first of its 2011 well drill program which will commence Wednesday, February 16th.

16 Feb 2011

First Mexican Gold Identifies High Grade Mineralized Targets at Karen Zone, Mexico

First Mexican Gold Corp. (TSX VENTURE:FMG) has completed the planned drilling program originally announced on Jan 10, 2011 on the Guadalupe property package which is contiguous to Corex Gold Corp.(TSX VENTURE:CGE) Santana Property where consistent exploration results have been demonstrated.

16 Feb 2011

GoGold Resources Seeks to Buy All Outstanding Securities of Mexico Gold Holdings

Terry Coughlan, President and CEO of GoGold Resources Inc., announces that the Company today has signed a binding letter of intent to acquire all of the issued and outstanding securities of Mexican Gold Holdings Corporation Incorporated, a Canadian company, by way of security exchange.

16 Feb 2011

Mining News

Astur Gold Announces Preliminary Economic Assessment Results from Salave Gold Project

Alexco Resource Receives Core Drilling Results from Flame + Moth Property, Yukon

Gold Bullion Development Reports Assay Results from Granada Gold Property, Quebec

Colt Resources Announces NI 43-101 Technical Report for Santa Margarida Do Sado Concession

Northland Resources, Metso Enter Agreement for Kaunisvaara Iron Ore Project

Redhill Resources Completes Scoping Study for Development of Deflector Deposit in Gullewa Project

Selwyn Resources Reports In-Fill Drilling Results from XY Central Deposit

Typhoon Exploration Commences Drilling at Aiguebelle-Goldfields Property

Virgin Metals Completes Resource Estimate for Los Verdes Copper-Molybdenum Deposit in Mexico

Yale Resources Intersects 698.6 G/T Silver over 2 Metres at Los Amoles Property

Klondex Mines Continues to Discover High-Grade Gold Veins at Fire Creek Property, Nevada

Paramount Gold and Silver Returns Encouraging Results from Sleeper Gold Mine Project in Nevada

Black Hawk Exploration Announces Start-Up Plans for First Drill Program

First Mexican Gold Identifies High Grade Mineralized Targets at Karen Zone, Mexico

GoGold Resources Seeks to Buy All Outstanding Securities of Mexico Gold Holdings

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