Arctic Oil & Gas Corp. (AOAG) Alaska Gold Mines Financing Developments

Arctic Oil & Gas Corp., a resources development company, is pleased to announce the Company's precious metals division is securing updated ore reserves reports on its Alaska gold projects and finalizing summer 2009 mining development plans.

The company is preparing a hybrid private Gold Mine Finance Offering for qualified banks and institutions.

AOAG plans to offer qualified partners, a potentially more profitable mechanism than gold exchanges for securing large quantities of gold bullion, with an effective projected net cost approximately 30% below the current spot gold price. [read more]

Source: Arctic Oil & Gas Corp.

Finning Announces Truck Sale and Extension of Support Services Contract With Barrick's Veladero Gold Mine for a Total Value of C$70 Million

Finning International Inc. today announced that its South American mining division has secured a sale of six 793 mining trucks to Minera Argentina Gold, a subsidiary of Barrick Gold Corporation and operator of the Veladero gold mine in Argentina. Finning also secured a one year extension on its Maintenance and Repair Contract (MARC) with Minera Argentina Gold that covers 28 existing 793 mining trucks and 18 pieces of support equipment. The combined value of these deals is approximately C$70 million.

The new trucks will be delivered in the first quarter of 2009 and used in the existing operations at the Veladero mine. The Veladero mine is located approximately 320 kilometers northwest of the city of San Juan in Argentina, close to the Chilean border. [read more]

Source: Finning International Inc.

Dynasty Plans to Commission Gold Plant By the End of March 2009

Dynasty Metals & Mining Inc. has nearly completed plant construction at its Zaruma Gold Project in Ecuador.

Company President, Rob Washer, commented: "President Correa and other senior Mining Ministry representatives continue to express publicly and privately their support for "large scale environmentally responsible" mining in Ecuador. After months of direct consultation with government and industry officials regarding the Mining Mandate and draft amendments to the Mining Act, we concluded we should complete construction so that we may commission the gold plant at Zaruma as soon as practicable. We are presently planning for the end of March 2009. [read more]

Source: Dynasty Metals & Mining Inc.

Update by Radisson Mining Resources Regarding its Drill Program on THE O'BRIEN/KEWAGAMA GOLD PROJECT

Radisson Mining Resources is pleased to provide an exploration update on its 100% owned O'Brien/Kewagama Gold Project located near Cadillac, Quebec. The O'Brien-Kewagama Property contains the former O'Brien Mine, which was known for its high gold grades and was considered to be the most important gold producer in the Cadillac Mining Camp in Quebec when it was in operation from the early 1930s to the mid 1950s.

Infill Drill Program 36 East Zone

In late 2007, Radisson commenced an infill surface drill program on the 36 East Zone in an attempt to define, between surface and the 500 foot level, the resource blocks identified in the NI 43-101 Resource Report on the 36 East Zone prepared by Luke Evans, Scott Wilson Roscoe Postle Associates Inc., in 2007. The NI 43-101 Report estimated Indicated Resources on the 36 East Zone, using a 0.17 oz/ton gold cutoff grade, at 270,000 tons at an average uncut grade of 0.56 oz/ton and an average cut grade of 0.36 oz/ton, representing 97,200ounces of gold. The Inferred Resources are estimated at 182,000 tons at an average uncut grade of 0.37 per ton and an average cut grade of 0.29 oz/ton for a gold content of 53,700 ounces. [read more]

Source: Radisson Mining Resources Inc.

Gold Reserve Receives Unsolicited Offer from Rusoro Mining Ltd and Engages Financial and Legal Advisors

Gold Reserve Inc. announced today that Rusoro Mining Ltd. has commenced an unsolicited offer (the “Offer”) to acquire all of the outstanding shares and equity units of Gold Reserve in consideration for three shares of Rusoro for each Gold Reserve share or equity unit.

Gold Reserve has retained RBC Capital Markets and JP Morgan as financial advisors, and Fasken Martineau DuMoulin LLP and Baker & MacKenzie LLP as legal advisors in connection with the Offer. The Board together with its financial advisors and legal advisors will review the full terms of the Offer when they are received, and following that review the Board will make a recommendation that is in the best interests of shareholders. Gold Reserve urges shareholders to wait for its Board to make its recommendation to shareholders before making a decision with respect to the Offer. [read more]

Source: Gold Reserve Inc

Northern Gold Mining Inc. Files Technical Report for Its Frederick House Lake Property

Northern Gold Mining Inc. is pleased to announce that it has received and filed on SEDAR a National Instrument 43-101 report entitled "TECHNICAL REPORT ON THE FREDERICK HOUSE PROPERTY, PORCUPINE MINING DIVISION, NORTHEASTERN ONTARIO". The report was prepared by Mr. Gary Lohman, B.Sc, P.Geo., Mr. Lohman is a Qualified Person as defined by NI 43-101 and has over 27 years Canadian and International experience in gold, silver, base, and specialty metal exploration.

Northern Gold's. Frederick House Lake property is located approximately 35 kilometers northeast of Timmins, Ontario. The property consists of 18 claims comprising 333 units covering greater than 80% of the areal extent of Frederick House Lake, a shallow lake created by flooding related to downstream hydroelectric facilities. read more

Source: Northern Gold Mining Inc.

NAL Oil & Gas Trust Announces December Distribution, Provides an Operational Update and Sets 2009 Guidance Date

NAL Oil & Gas Trust will pay a distribution of $0.16 per unit on January 15, 2009, to Unitholders of record on December 22, 2008. The units will begin trading on an ex-distribution basis on December 18, 2008.

Trailing cash distributions for the past 12 months total $1.92 per unit, representing a 29.8% cash-on-cash yield based on the December 9, 2008 closing unit price of $6.44. read more

Source: NAL Oil & Gas Trust

New Green Energy Plans Would Create 120 Green Tons of Wood Demand

RISI today through its Wood Biomass Market Report, indicated that woodfiber will play a major role in any new green energy spending plans in the U.S. The Report stated that as of Dec. 12, estimates from the ever-expanding federal stimulus package suggest the green component (wood, wind, solar, etc.) will be a whopping US$50 billion over two years. If 20% falls to wood energy, that near term spending of US$10 billion would spur formidable growth, providing tens of thousands of new jobs -- and wood demand of perhaps 120 million green tons, long-term. Compared to an estimated 215 green tons of consumption currently by the nation's pulp & paper industry, this new demand will be significant, and could create a US$3 billion per year wood energy market at current prices. The Report also projects that a good bit of this expansion is already underway, with current projects topping 32 million tons. Wood-derived fuels already account for a full third of the nation's renewable energy, 50% if hydroelectricity were excluded. RISI projects that this increased demand will occur most in the U.S. South, followed by the U.S. West, and then the U.S. North. read more

Source: RISI

Focus on the China Industrial Biotechnology

Reportlinker.com announces that a new market research report related to the Biotechnologies and Genetics industry is available in its catalogue.

China Industrial Biotechnology provides an in-depth look at China’s explosive growth in research and commercialization of white biotech. This report is essential for understanding China’s industrial biotech players, trends, government actions, research & development, and markets. read more

Source: ReportLinker

Axial Vector Energy Corp. Summarizes Highlights of Investor Conference Call

Axial Vector Energy Corporation today announced a summary and digitized replay access of an investor conference call held yesterday, December 8, 2008 at 4:15 pm EST.

Sanjai Chhaunker, President and CEO, exclaimed: "We were very pleased to be given the opportunity to speak with the investor community and we feel that the call was a tremendous success. AVEC has made many advances in its technology and business strategy, we invite anyone who was unable to attend the call to please listen to the playback." read more

Source: Axial Vector Energy Corporation

Nasdaq Grants Wave Extension Until February to Comply With Market Value Rule; Wave to Be Transferred to Nasdaq Capital Market

Wave Systems Corp. announced today that it received notification from the Nasdaq Hearings Panel that shares of the company's common stock will be transferred from the NASDAQ Global Market to the NASDAQ Capital Market, effective with the opening of trading tomorrow, Wednesday, December 10, 2008. Wave's common stock will continue to trade under the ticker symbol "WAVX."

As previously announced, the company has not been in compliance with the Market Value Rule requiring a minimum $50 million market value of listed securities for continued inclusion on the NASDAQ Global Market. If the company cannot demonstrate compliance with all of the required continued listing requirements of the NASDAQ Capital Market, including the $35 million market value of listed securities requirement by February 17, 2009, Wave's shares of common stock will be subject to delisting. read more

Source: Wave Systems Corp

XL Capital Ltd Issues Statement in Response to Market Rumors

While it is generally not XL Capital Ltd's policy to comment on market rumors, the Company believes in the current circumstances it is appropriate to do so.

The Company remains focused on operating its business and meeting the needs of its customers and is committed to taking actions as necessary to maximize value for its shareholders. In that regard, as can be expected in the current environment, the Company is continuing to explore value-enhancing opportunities available to it and is being assisted in that effort by one of its long-standing financial advisors, Goldman, Sachs & Co. read more

Source: XL Capital Ltd

Gold Resource Corporation Conference Call

Gold Resource Corporation (GRC) will host a conference call with CEO William W. Reid on Thursday, December 11th at 2:00 P.M. EST. Discussions will include Hochschild Mining's strategic investment in GRC and updates on the Aguila Project's construction and exploration. read more

Source: Gold Resource Corporation

Orsu Metals Corporation Completes 6,334m Infill Diamond Drilling at the Taldybulak Copper-Gold Project, Kyrgyzstan

Orsu Metals Corporation is pleased to provide an update of on-going work at the Talas copper-gold exploration licence area, north west Kyrgyzstan. Geochemical and geophysical surveying has been completed at all four licences (Taldybulak, Barkol, Kentash and Korgontash) within the Talas licence area.

By the end of November 2008, and prior to the completion of Orsu's previously announced joint venture agreement with Gold Fields Orogen Holdings BVI Limited ("Gold Fields"), the Company completed a planned programme of 6,334m of infill diamond drilling at the Taldybulak-Talas copper-gold porphyry project. To date 4,434 samples have been delivered for analysis to the Alex Stewart Laboratory in Bishkek, Kyrgyzstan. Orsu has received 3,014 assay results, or 68% of submitted samples. read more

Source: Orsu Metals Corporation

Azteca Gold Corp. Updates Two Mile Project Drilling and Announces $1.25m Financing

Matthew Russell, President of Azteca Gold Corp. announces that the Company is undertaking a non-brokered private placement of CAD $1,250,000, subject to regulatory approval. 25,000,000 units will be issued at CAD $0.05 per unit. Each unit consists of one common share and one half of a warrant. Each whole warrant entitles the holder to subscribe for an additional common share for CAD $0.25 for a period of 2 years from closing. Management expects to participate in this placement in an amount of up to CAD $500,000.

The funds will be used for drilling and assaying expenses at the Company's 50% owned Two Mile Project, as well as for general corporate purposes. read more

Source: Azteca Gold Corp.

Gold Resource Corporation and Hochschild Mining plc Form Strategic Alliance; $5 Million Private Placement

Gold Resource Corporation (GRC) is pleased to announce that it has formed a strategic alliance with Hochschild Mining plc (Hochschild) through a $5 million private placement of 1.67 million shares of GRC's restricted common stock at $3.00 per share (no warrants). Hochschild is a world leading precious metals producer listed on the London Stock Exchange. Based in Lima, Peru, Hochschild is a mid-tier gold producer and the world's 4th largest primary silver producer with mining projects in five countries in the Americas including Mexico. read more

source : Gold Resource Corporation

Houston Lake Mining Intersects 1.5 Metres Grading 15.98 G/mt Gold at Dogpaw

Houston Lake Mining Inc. an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to provide assay results from a 3,209 metre (10,526 foot) drill program carried out on its Dogpaw Lake property. Dogpaw is one of eight contiguous properties forming the Company's West Cedartree Gold Project near Kenora.

"Fully 76% of the holes we drilled in the Dogpaw 2007/2008 program intersected gold values of 3 g/mt gold or higher," said Grayme Anthony, President and Chief Executive Officer of Houston Lake Mining. "This is a truly exceptional set of results. Despite the intensity of our exploration efforts there remains much to uncover. Prospecting this fall has identified a number of other targets of merit on Dogpaw. Meanwhile we are building on last Winter's drill success at the neighbouring Dubenski gold zone with a 2,000 metre program." read more

source : Distributed by Filing Services Canada and retransmitted by Marketwire

NioGold Mining Corporation: Marban West Extension Drilling Returns Up to 28.80 g/t Gold

NioGold Mining Corporation is pleased to report on the 2008 diamond drilling program on the Marban Block property located in the Malartic Gold Camp, Abitibi region, Quebec, where the Company has completed 61 holes for 20,900 metres (MB-08-32 to MB-08-92) in 2008 over the former Marban Mine sector. Results for holes MB-08-32 to MB-08-57 and MB-08-069 to MB-08-075 were previously released.

Assay results were received for 9 holes (MB-08-061 to MB-08-68 and MB-08-76), completed on drill sections 50W, 200W, 250W and 300W, that tested the West Extension of the former Marban Mine gold zones. read more

source : NioGold Mining Corporation

Capstone Reports Final Drill Intercepts of Near Surface Copper-Gold at Minto Mine

Capstone Mining Corp. today announced results for the final 28 drill holes from its 2008 exploration program at the high grade Minto copper-gold mine in the Yukon.

Highlights from this latest batch of results are tabulated below and include multiple, thick intercepts of near surface, good grade copper-gold mineralization at Ridgetop, included in which are significant sub-intervals of much higher grades. read more

source :CAPSTONE MINING CORPORATION

Appalaches Buys a Gold Producer in Nova Scotia

Ressources Appalaches has just signed an agreement to acquire the gold producer Dufferin Resources, located in Nova Scotia. The transaction comprises the acquisition of the ramp-access Dufferin Mine, together with its processing plant (mill), mining lease, environmental permits, and all the other infrastructure required for production. read more..

Source: Ressources Appalaches Inc.

Hidalgo Mining International Inc. is pleased to announce a joint-venture for the development of North Bay's Gold Hill Project.

Hidalgo Mining International Inc. is pleased to announce that it has signed a Letter of Intent with North Bay Resources Inc. to enter into a joint-venture for the development of North Bay's Gold Hill Project. Terms of the agreement will be announced once a formal contract has been executed.

The Gold Hill Project covers 5,887 acres near the village of Salmo in southeastern British Columbia. The property includes the former Gold Hill mine, and the area surrounding the Silver Dollar-Lucky Boy mines. The Gold Hill mine's past production averaged over 29.47 grams (0.95 ounces) per tonne gold and 54.11 grams (1.74 ounces) per tonne silver, while production figures from the Silver Dollar and the Lucky Boy workings averaged 9.39 grams per tonne gold and 335 grams (10.78 ounces) per tonne silver. read more..

Source: Hidalgo Mining International Inc.

The Gold Basin Mine has in excess of 500,000 oz. of total gold reserves valued at over $400,000,000.00 with anticipated margins of approximately 50%

Western Sierra Mining Corp. confirmed today that it has begun production at the Gold Basin Mine. The Gold Basin Mine has in excess of 500,000 oz. of total gold reserves valued at over $400,000,000.00 with anticipated margins of approximately 50%. While initial yearly cash flow of Phase I Production at this mine alone is targeted at $2,000,000.00, Western hopes to leverage production and increase this level to $4,000,000.00 in less than 12 months.

Michael Chaffee, CEO & President of Western Sierra Mining, commented, “We started our initial production runs yesterday utilizing the equipment we have been installing over the past eight weeks. Initial production results correspond well to historical data, and we will release results as they become available.” read more..

source : Western Sierra Mining Corp.