Wednesday 13th December 2017

Resource Clips


November, 2010

Rainy River reports Ontario Gold Assays up to 2.18 g/t over 298.1m

November 30th, 2010

Rainy River Resources Ltd RR:CA announced results from its Rainy River Gold Project in northwestern Ontario. Assays include 0.94 g/t gold over 118.2 metres, 1.51 g/t over 101.6 metres, 2.06 g/t over 21.5 metres, 1.72 g/t over 146.5 metres, 2.12 g/t over 39.3 metres, 2.18 g/t over 298.1 metres, 3.66 g/t over 18.2 metres, 42.5 g/t over 1.5 metres, 37.39 g/t over 1.5 metres and 227.36 g/t over 0.5 metres.

President/CEO Raymond Threlkeld commented, “This phase of the infill program was very successful in showing improved grade continuity within the ODM zone and discovered high grade gold in areas that we had never directly tested. Our knowledge of the deposit controls has increased dramatically over the last year. Approximately 71,000 metres of drilling conducted in 2010 will be reflected in the new NI 43-101 resource update which will be filed in the first quarter of 2011.”

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Contact:
Liz Caridi
Director, Investor Relations and Corporate Governance
604.639.4497

by Ted Niles

Alexis Minerals President/CEO David Rigg on assays of 2.99 g/t gold over 15.1 m

November 30th, 2010

“We acquired the property at the beginning of this year—we also have very substantial assets in Quebec—and we’ve completed some engineering studies on it and the assessment and feasability study, all with the objective of bringing the mine back into production. The infrastructure of the mine is all in place. In association with that we’re doing exploration around the property. These are additional results from an area we were drilling to the east of the principal mine, and we feel that we’ve identified an additional area of mineralization which is an extention of the mine. We’ll be testing that down plunge. The old bodies at the mine can be very substantial lenses, and this appears to be potentially the top of a third lens. Which is very significant.

“Our objective is to continue exploration—we have 4 diamond drills on the property right now—as we believe there’s a lot of untested potential there. We are also looking to advance our feasibility study and get the financing completed for the Snow Lake Mine so we can bring it back into production, with a production rate of about 80,000 ounces a year. That will take about 18 months after we start. I would hope that we’ve started that work in the next 6 to 12 months.”

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Lydian reports Armenia Gold Assays up to 1.9 g/t over 89m

November 30th, 2010

Lydian International Limited LYD:CA announced assays from its Amulsar Gold Discovery in Armenia. Highlights include 1 g/t gold over 19 metres, 1 g/t over 6 metres, 1.1 g/t over 12 metres, 1.2 g/t over 52 metres, 1.2 g/t over 46.5 metres and 1.9 g/t over 89 metres (including 5.9 g/t over 11 metres and 3.7 g/t over 14 metres).

President/CEO Tim Coughlin said, “These results will be incorporated in the modeling and resource update work that is currently underway. There is a concentrated and concerted technical effort underway with the aim being to complete and release the resource update by the end of February next year.”

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Contact:
Steve Smith
Investor Relations Manager
+44 (0)1534 715472

by Ted Niles

Queenston reports Ontario Gold Assays up to 10.43 g/t over 17.3 m

November 30th, 2010

Queenston Mining Inc QMI:CA announced drill results from its Upper Canada Property in Gauthier Township, Kirkland Lake, Ontario. Assays include 10.43 g/t gold over 17.3 metres, 4.01 g/t over 19.2 metres, 2.37 gt/ over 68 metres, 1.65 g/t over 60.4 metres, 2.03 g/t over 17.3 metres, 1.29 g/t over 55.6 metres, 1.16 g/t over 32.9 metres and 1.04 g/t over 27.4 metres.

President/CEO Charles Page commented, “The recent phase of drilling at Upper Canada continues to produce positive results in the eastern and central portions of the deposit and has begun to extend the potential for open-pit mineralization further west and north. Along the South Branch of the Upper Canada Break significant gold mineralization has now been intersected over a length of two kilometres and remains open. The program continues with three drills and the Company will be adding more rigs in 2011 to provide the necessary information required to complete an initial mineral resource.”

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Contact:
Charles E. Page
President/CEO
416.364.0001 x 224

or Hugh D. Harbinson
Chairman
416.364.0001 x 225

Read more about Queenston Mining Inc

by Ted Niles

Belo Sun reports Brazil Gold Assays up to 1.31 g/t over 283.8m

November 30th, 2010

Belo Sun Mining Corp BSX:CA announced assay results from its Volta Grande Gold Project in Para State, Brazil. Highlights include 1.03 g/t gold over 19.2 metres, 3.1 g/t over 34.1 metres (including 5.86 g/t over 12.9 metres), 2.15 g/t over 21.4 metres, 1.21 g/t over 24 metres, 1.11 g/t over 18.4 metres, 2.68 g/t over 15.1 metres, 2.5 g/t over 100.8 metres (including 5 g/t over 41 metres) and 1.31 g/t over 283.8 metres.

VP Exploration Helio Diniz said, “The drill results from section 525 NW at Ouro Verde provides support for management’s view that the Property has the geological characteristics and the proper scale to host a large gold deposit. Hole VVGD 034 is one of the best ever drilled at the project and certainly reinforces our observation that there is excellent potential to upgrade the resource at Volta Grande in terms of both size and grade relative to the existing resource estimate.”

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Contact:
Mark Eaton
President/CEO
416.309.2137

by Ted Niles

Int’l Tower Hill reports Alaska Gold Assays as high as 2.63 g/t over 112.8m

November 30th, 2010

International Tower Hill Mines Ltd ITH:CA announced assays from its Livengood Deposit in Alaska. Results include 1.26 g/t gold over 68.6 metres (including 2.58 g/t over 13.7 metres), 1.88 g/t over 9.1 metres, 1.12 g/t over 85.3 metres (including 3.85 g/t over 9.2 metres), 0.96 g/t over 189 metres (including 3.3 g/t over 9.2 metres), 1.14 g/t over 12.2 metres, 1.01 g/t over 108.2 metres (including 3.66 g/t over 6.1 metres) and 2.63 g/t over 112.8 metres (including 3.4 g/t over 64 metres).

The Livengood Deposit has a mineral resource estimate of 15.7 million ounces gold indicated, 4.9 million ounces inferred at a 0.3 g/t gold cut-off.

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Contact:
Quentin Mai
VP Corporate Communications
888.770.7488

or Shirley Zhou
Manager, Corporate Communications
604.638.3246

by Ted Niles

Volta reports Burkina Faso Gold Assays up to 2.15 g/t over 73.2m

November 30th, 2010

Volta Resources Inc VTR:CA announced results from the Central Area of its Kiaka Gold Project in Burkina Faso. Assay highlights include 2.68 g/t gold over 63.6 metres (including 5.79 g/t over 21.5 metres), 1.06 g/t over 115 metres, 0.98 g/t over 79 metres, 1.56 g/t over 84 metres, 1.93 g/t over 33.5 metres, 1.35 g/t over 75.3 metres and 2.15 g/t over 72.3 metres.

President/CEO Kevin Bullock commented, “With the infill holes confirming the excellent results consistently seen from our first drill program, along with the deeper holes hitting the mineralization down to a 300 meter depth, we are pleased about the resource growth potential at the Kiaka Gold Project.”

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Contact:
Kevin Bullock
President/CEO
647.388.1842

or Andreas Curkovic
Investor Relations
416.577.9927

by Ted Niles

Rubicon issues Ontario Gold Inferred Resource Estimate: 6.2Mt at 20.1 g/t

November 29th, 2010

Rubicon Minerals Corporation RMX:CA announced an NI 43-101 compliant inferred mineral resource for the F2 Gold System of its Phoenix Gold Project in the Red Lake Gold District, Ontario. At a 5 g/t cut-off, the F2 system has a total inferred resource of 6.2 million tonnes at 20.1 g/t gold, i.e. 4 million ounces gold.

President/CEO David Adamson commented, “We are very pleased with these initial results. They demonstrate that the F2 Gold System is already a significant sized gold deposit. Importantly, the gold grade of 20.1 g/t gold is high compared to most major gold deposits around the world and is consistent with the overall Red Lake camp average grade, which is Red Lake’s key advantage. Our objective now, through our ongoing delineation program is to upgrade part of this large inferred resource, move towards development and to continue to expand the gold system. Underground development on the project has already cross-cut mineralized zones at the 305 metre level and delineation drilling is underway.”

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Contact:
Bill Cavalluzzo
VP Investor Relations
866.365.4706

by Ted Niles

Kimber reports Mexico Assays of 1.32 g/t Gold, 329 g/t Silver over 6.4m

November 29th, 2010

Kimber Resources Inc KBR:CA announced assays from the Carmen Deposit of its Monterde Project in Mexico. Results include 2.12 g/t gold and 126 g/t silver over 5.8 metres, 0.87 g/t gold and 130 g/t silver over 7.5 metres, 1.2 g/t gold and 193 g/t silver over 2.6 metres, 2.23 g/t gold and 196 g/t silver over 7 metres, 2.36 g/t gold and 82 g/t silver over 3.1 metres, 1.32 g/t gold and 329 g/t silver over 6.4 metres and 1.26 g/t gold and 200 g/t silver over 9 metres.

President/CEO Gordon Cummings said, “We are very encouraged by these assay results which returned high grade gold-silver grades from a surface trenching program at the Carmen deposit on our Monterde Project. These high grade results support and enhance our understanding of the high grade gold-silver model at Carmen and should benefit future mineral resource estimates by increasing both the confidence level and total quantity of the mineral resource.”

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Contact:
Gordon Cummings
President/CEO
604.669.2251

or Matthew Hamilton
Manager, Investor Relations
866.824.1100

by Ted Niles

Luna reports Brazil Gold Assays up to 3.17 g/t over 8.1m

November 29th, 2010

Luna Gold Corp LGC:CA announced results from its Cachoeira Gold Project in northeast Para state, Brazil. Assays include 3.17 g/t gold over 8.1 metres (including 17.01 g/t over 1 metre), 4.42 g/t over 5.1 metres, 3.24 g/t over 10.8 metres (including 7.68 g/t over 4 metres), 11.64 g/t over 2 metres, 5.4 g/t over 4.7 metres, 4.77 g/t over 7 metres (including 23 g/t over 1 metre) and 21.83 g/t over 6.6 metres (including 88.28 g/t over 1.6 metres).

President/CEO John Blake commented, “These ongoing results continue to unlock upside potential and increased confidence in the Cachoeira deposit. These results combined with those previously drilled, are being incorporated into a maiden NI 43-101 mineral resource estimate to be released in December 2010 for the Cachoeira Gold Project. Luna Gold will continue with exploration at Cachoeira and at Aurizona to pursue further resource development in the Company’s highly prospective landholding in this mining friendly region of Brazil.”

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Contact:
Investor Relations
604.689.7317
or 866.689.7317

by Ted Niles