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.