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