Wednesday, September 22, 2010

Uranium Stock News; Uranium Resources, Inc. (NASDAQ: URRE) Completes Drilling in Ambrosia Lake

LEWISVILLE, Texas--( http://www.investorideas.com/ gold and mining stocks blog ) -Uranium Resources, Inc. (NASDAQ: URRE) (“URI”) announced today that the Company has completed drilling at its Section 13 property in Ambrosia Lake in McKinley County, New Mexico, approximately 10 miles northeast of Grants.
Three holes, totaling more than 2,600 feet, were drilled on the property. A total of 95 feet were cored and 75 feet of three inch core were recovered. Gamma ray and Prompt Fission Neutron (PFN) logging tools were used to evaluate the sub-surface environment. The core has been quartered by URI and the core samples will be shipped to a laboratory which will evaluate the suitability of the property for in-situ recovery (“ISR”) mining, a process that is expected to be completed in December 2010.

“The drilling at Ambrosia Lake is part of our strategy to determine the suitability of our Section 13 property for profitable ISR production in order to prioritize our efforts as we continue to advance toward production in New Mexico. As we await the results of the core evaluation, we will maintain our dialogue with the communities and government agencies regarding the safety and suitability of ISR mining and similarly intend to continue to reach out to the local residents who stand to benefit from a potential return of uranium mining to the state,” said Don Ewigleben, President and Chief Executive Officer of URI.
URI received a permit for drilling the property from the New Mexico Mining and Minerals Division in November 2008. The permit, which was renewed in July 2010, allows URI to drill up to ten holes for the purpose of extracting core samples until November 2011.
URI has over 100 million pounds of in-place, mineralized uranium material in New Mexico and approximately 2.4 million pounds in the Ambrosia Lake area. Stewart Brothers of Milan, NM conducted the drilling as part of URI’s continued commitment to the local New Mexico economy.

About Uranium Resources, Inc.
Uranium Resources Inc. explores for, develops and mines uranium. Since its incorporation in 1977, URI has produced over 8 million pounds of uranium by in-situ recovery (ISR) methods in the state of Texas where the Company currently has ISR mining projects. URI also has 183,000 acres of uranium mineral holdings and 101.4 million pounds of in-place mineralized uranium material in New Mexico and a NRC license to produce up to 1 million pounds of uranium per year. The Company acquired these properties over the past 20 years along with an extensive information database of historic mining logs and analysis. None of URI’s properties is currently in production.
URI’s strategy is to fully exploit its resource base in New Mexico and Texas, expand its asset base both within and outside of New Mexico and Texas, partner with larger mining companies that have undeveloped uranium or with junior mining companies that do not have the mining experience of URI, as well as provide restoration expertise to those that require the capability or lack the proficiency.
Uranium Resources routinely posts news and other information about the Company on its web site at http://www.uraniumresources.com/.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing operating performance, events, or developments that the Company expects or anticipates will occur in the future, including but not limited to statements relating to the Company’s mineralized uranium materials, timing of receipt of mining permits, production capacity of mining operations planned for properties in South Texas and New Mexico, planned dates for commencement of production at such properties, revenue, cash generation and profits are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, the spot price and long-term contract price of uranium, weather conditions, operating conditions at the Company’s mining projects, government regulation of the mining industry and the nuclear power industry, world-wide uranium supply and demand, availability of capital, timely receipt of mining and other permits from regulatory agents and other factors which are more fully described in the Company’s documents filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.

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TSX Mining Stocks News; Kenai Resources (TSX.V:KAI) Starts Drilling at Hope Butte and Albisu Secures Key Gold Project in Brazil

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - - Kenai Resources Ltd (TSX VENTURE:KAI) ("Kenai") announces that drilling at its Hope Butte, Oregon gold project located just west of the Idaho border is scheduled to commence around the end of September. Kenai's immediate drilling program of approximately 3,000 metres is designed to replicate the results and the mining potential recorded at Hope Butte in the 1996 to 2000 period by Chevron Resources and its joint venturers, and to advance Hope Butte to NI 43-101 status. To this end, four initial holes are being drilled by twinning Chevron's prior results, including several very high grade intercepts. Assay results from the initial drilling at Hope Butte will be released as soon as available.

Kenai also advises that, following the completion of the initial drilling at Hope Butte, the rig will be remobilised for a planned 1,000 metre drilling program at the Albisu farm-in exploration project in northern Nevada. This program is currently anticipated to commence during November. The Albisu gold project was drilled by Chevron Resources in 1979 and 1981 and Western Energy Development Corp. ("WEDC") followed up with four core holes in 2008 to twin Chevron's AL-14 drill hole that reportedly intercepted 6.5 meters at 6.2 gram per tonne ("gpt"). The WEDC holes confirmed the gold zone by intercepting 1.6 meters of 12.46 gpt and 8 meters of 1.94 gpt. To date WEDC has drilled a total of 3,729 meters of core at Albisu in 2008 and 2009. That drill program defined a mineralized stockwork sulphide-quartz-calcite zone that is up to 73 m thick. Gold values range from 14.6 gpt over 1.8 meters to intervals between 3 and 32 meters of 0.2 to 0.5 gpt.

Kenai Entry to Brazil via Strategic Joint Venture with Gold Anomaly on its Sao Chico Gold Project

Kenai has executed an Option Agreement with Gold Anomaly Limited (ASX:GOA) for Kenai to acquire 50% of the Sao Chico gold project in Brazil, by funding project exploration ahead of a possible decision to acquire equity in the project, with key terms as under:

Kenai has an 18 months option to acquire 50% of Sao Chico following an advance to GOA of A$1m and committing to provide A$2m project funding, these funds will be in the form of a loan from Kenai to GOA until exercise of the option. If Kenai does not exercise the option, the loan funds advanced will be repaid to Kenai by GOA.
Kenai has a further option to acquire further 25% by payment to GOA of A$1m and committing to provide A$1m project funding.
GOA has right to continuing participation at 25% level or can sell 25% to Kenai based on US$30/oz for attributable CIM Mineral Resources gold ounces plus US$60/oz for attributable CIM Mineral Reserves gold ounces at that time.
Kenai to pay a 10% Net Profits Interest (NPI) for 5 years to GOA over Kenai's attributable interest, whether at 50% or 75%.

Kenai's objectives in this transaction are to undertake local and regional exploration and development, over the tenement area covering 1,416 hectares, initially targeting one million gold ounces in the 56 hectare core area, the site of extensive prior garimpeiro surface workings. Kenai's project funding is to generate the necessary data to accelerate a Mining Lease application.
Kenai will assume the role of project manager, utilizing existing GOA personnel as well as its own personnel. The focus is on fast tracking initial gold production and defining a NI 43-101 compliant mineral resource. GOA has been planning the commencement of production by the end of 2010 at the rate of 20,000 gold ounces per annum. Production is planned from an expected high grade gold deposit using a minimal capital cost, low operating cost gravity recovery operation. On exercise of the Option, Kenai's participation will be as an incorporated joint venture with GOA, covering GOA's rights under contract with the local garimpeiro landowner. This landowner has recently been granted a 12 month trial mining permit or GUIA, with a possible 12 month extension to the permit, during which time a feasibility study for a full scale project is planned to be completed. As Greg Starr, President of Kenai is also a Director of Gold Anomaly; the intended transaction may be determined by the TSX Exchange as a non-arms length acquisition.
About the Sao Chico Gold Project, Pará State, Brazil:
The Sao Chico project is located 340 kilometres south-east of the major city of Manaus. It lies within a prominent north-west to south-east trend in Brazil's Tapajós Mineral Field, exploited over only the past 30 years by a gold rush of some 500,000 garimpeiros, ie artisanal alluvial miners, for the production of unofficially estimated 20 to 30 million ounces of gold. With little underground mining expertise, the garimpeiros were urged by government to consolidate their claims and joint venture with established mining companies. The field has had little modern exploration undertaken.
San Chico is in cleared low grade farming land adjacent to the Transgarimpeiro Highway, at a road distance of about 350 kilometres or 8 hours' drive from the regional city of Itaituba, to the north-east. Light aircraft from Itaituba service Sao Chico via two local airstrips.
Extensive surface mining has been undertaken by garimpeiros at Sao Chico for over 20 years, with minor underground workings in primary rock which occurs at less than 20 metres depth. There are several sub-parallel gold-bearing coarse grained quartz/sulphide veins, with a strike length so far known of 1000 metres.
Investigations by GOA to date have determined the following:

Veins weathered up to around 10 metres depth, free dig by excavator to the depth of oxidation.
Underground sampling by GOA along about 70 metres of drives from a 20 metre deep shaft in free-standing primary rock, with average gold grades of 15 g/t, from over 100 samples.
Good metallurgical recoveries, both by gravity and cyanidation methods.

Current plans are for delivery during October of a 100 tonnes per day capacity, integrated gravity processing plant, which will allow commencement of the GUIA trial mining at the permit rate of 50,000 tonnes per annum by year end. There are abundant local water supplies and ample tailings dam capacity.
From its due diligence investigations, Kenai considers there is excellent potential at Sao Chico for delineation of NI 43-101 mineral resources of sufficient tonnage and grade to support a substantial gold project operation. An independent NI 43-101 report is currently being prepared for the project.
The Tapajós gold region is situated in the south-central part of the vast Amazon Craton, which is divided into two, the Guyana Shield north of the Amazon River and the Brazilian Shield, with its nucleus as the Archaean greenstone-granitoid terrane, south of the Amazon. As shown in the appended regional geology plan (http://media3.marketwire.com/docs/k921c.pdf), Sao Chico is in the same geological unit, the intrusive Parauari Suite, as the Tocantinzinho (TZ), Palito and Sao Domingo projects. TZ is a major gold project acquired for CAD$122 million in July 2010 by Eldorado Gold (TSX:ELD, ASX:EAU). In June 2010, ELD acquired 26.8% equity in Serabi Mining plc, the AIM-listed company which owns 100% of the Palito underground mine. From Sao Chico, the TZ project is 54 kilometres north-west and Palito is 23 kilometres east north-east.
Kenai Chairman Daniel Kunz said today, "Kenai is pleased to be joint venturing with Gold Anomaly on the Sao Chico project. We are committed to bringing the project into production in the short term and have expectations of defining a significant resource at Sao Chico leading to a long term mining project. Kenai has negotiated a deal structure that overall is low-risk in terms of financial exposure in the event that our positive expectations for Sao Chico are not realised during the Option Agreement period."
GOA Non Executive Director Tom Fermanis said today, "We believe our shareholders will view this agreement as favourable. The agreement with Kenai injects funds into the Sao Chico project, fast tracking production and exploration, and should a JORC or CIM NI 43-101 compliant resource be developed at Sao Chico, both GOA and Kenai will share in the upside. Kenai are targeting a potential million ounce deposit, potentially enabling GOA to benefit from a strong cash flow from the project. The agreement with Kenai will enable GOA management to fully focus on developing its flagship Crater Mountain project in PNG".
About Kenai Resources:
Kenai is a Canadian company focussed on precious mineral project exploration and development, towards early significant gold production. In addition to the Albisu, Nevada, advanced gold exploration project, Kenai's principal project assets are the wholly-owned Quartz Mountain and Hope Butte gold projects in South-Eastern Oregon, both located in Malheur County, close to the Oregon border with Idaho. All three of these projects are epithermal gold projects.
Kenai's current gold resources from the two Oregon projects, aggregating approximately 500,000 contained gold ounces, are summarized as follows:

Project	Tonnes	Grade	Ounces Au	Status/Classification
Quartz Mountain	15,050,200	0.80 g/t Au	352,667	Indicated Resources, NI 43-101 compliant
Hope Butte	5,000,000	0.91 g/t Au	146,300	Historical, not NI 43-101 compliant

Footnotes:

For Quartz Mountain, resources above a 0.34 g/t cutoff with silver converted to gold equivalent using a ratio of 49.5:1 silver to gold. Metallurgical recoveries were not considered. Indicated resources are as reported in an independent November 2006 NI 43-101 report, posted on SEDAR at that time.
The Hope Butte resources are considered historic in nature, do not comply with current NI 43-101 standards, have not been verified by the Company and therefore should not be relied upon. It is uncertain if further exploration will result in the discovery of an economic mineral resource.

Shares Outstanding: 31,231,734
On behalf of the Board of Kenai Resources Limited
Daniel Kunz, Chairman
Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed and elsewhere in the company's periodic filings with Canadian securities regulators. The economic viabilities of the resources estimates discussed in the release have not been established and may not be. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact

Kenai Resources Ltd.
604-669-5753
604-688-9895 (FAX)
info@kenairesources.com
www.kenairesources.com

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Mining News; Douglas Lake (OTCBB:DLKM) Acquires 100% Interest in 4 New Properties Bordering Canaco in the Handeni District

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) Sept. 22, 2010 - Douglas Lake Minerals Inc. (OTCBB:DLKM)(FRANKFURT:D60) is very pleased to announce that the Company has recently received approval from its Board of Directors to both enter into and immediately close upon the terms and conditions of a certain Mineral Property Acquisition Agreement (the "Acquisition Agreement"), with IPP Gold Ltd. ("IPP Gold"), to acquire a 100% interest in four prospecting licences (the "PLs"), totaling approximately 800 square kilometres, located in the Handeni District of Tanzania and which are owned or controlled by IPP Gold and its affiliates.
Harp Sangha, CEO of the Company, stated: "This new Acquisition Agreement with IPP Gold represents a significant step forward for the Company. Along with our new partners at IPP Gold, we will map out our new strategy and course of action over the coming weeks and months. The Handeni District has become alive with activity since the extraordinary drilling results from Canaco Resources have placed this region on the world stage. We plan to focus our energy and resources on the exploration and potential development of this new acquisition. Our aim is to direct Douglas Lake down a path towards success."
On September 13, 2010 Canaco announced significant new exploration developments including the identification of important new parallel trends of gold mineralization and discovery of a new mineralized zone five kilometres W/NW of the Magambazi Gold Discovery. Early results from the regional exploration on the Handeni Gold Trend indicate the work program has already made significant progress in identifying new gold targets and upgrading the potential of previously identified gold zones. Over the past month, the regional program has included over 3000 metres of Reverse Circulation ("RC") drilling, approximately 10,000 metres of reconnaissance Rotary Air Blast ("RAB") drilling, a detailed airborne survey, detailed mapping of some of the key target areas defined to date and geochemical interpretation. The Handeni Gold trend is now recognized as consisting of two, parallel gold trends with a combined strike length of over 15 kilometres (Source: Canaco Resources).
In April 2010, TD Newcrest, A Division of TD Securities, initiated coverage of Canaco Resources and announced a speculative buy recommendation with a $1.25 target price. They now believe that $175/oz is an appropriate resource multiple given the forecast high grade/low cost nature of the ounces discovered to date by Canaco. They have revised their target price to $6 per share and maintain their speculative buy rating.
The closing of the Acquisition Agreement
In accordance with the closing today of the Acquisition Agreement IPP Gold has now become a major stakeholder in the Company. Pursuant to the terms of the Acquisition Agreement the Company has now issued 133,333,333 restricted shares of common stock to IPP Gold in exchange for 100% interest in the four PLs of the new Handeni Project, with no further payments in shares or cash required. This acquisition of these four PLs as a whole represents the largest land position in the Handeni District, and the boundary area is geologically contiguous to Canaco's Magambazi gold project.
In addition, and accordance with the closing of the Acquisition Agreement, the Board of Directors of the Company has also accepted the consent to act as both a director and as the Chairman of the Company from Reginald Mengi, together with the consents to act as directors of the Company from each of Reyno Scheepers and Douglas Boateng. Mr. Mengi will replace the Honorable Joseph Rugumyamheto as the Company's Chairman and Mr. Rugumyamheto will continue to serve as a director of the Company.
The Company's new directors
About Reginald Mengi
Mr. Reginald Mengi is the Chairman and owner of IPP Resources. He also chairs IPP Ltd., one of the largest private sector holding companies in Tanzania. Mr. Mengi commenced IPP Ltd.'s business in the mid 1980's manufacturing ball point pens. Today the IPP group of companies is engaged in various areas including bottling of Coca Cola products, drinking water, manufacturing and bottling of drinks and spirits, mining of minerals and gemstones, gemstone cutting, lapidary and media.
Until 1985, Mr. Mengi also worked as a Chartered Accountant for Coopers & Lybrand Tanzania where he served in the role as Chairman and Managing Partner and led auditing and consultancy teams and participated in the establishment of companies and institutions.
About Reyno Scheepers
Dr. Reyno Scheepers' involvement with the mining industry stretches for a period of 22 years. He started off as a researcher at the Fuel Research Institute (CSIR) of South Africa where he gained experience in the composition and characteristics of various South African coal fields. This was followed by a two year period as a geologist at a South African gold mine where he gained experience in underground geology, underground and surface exploration and gold exploration project planning. He then joined the University of Stellenbosch where he became a professor in petrology/mineralogy in 1999.
Since 1995 Dr. Scheepers directed his efforts towards the investigation of gemstone deposits covering alluvial and kimberlitic diamond deposits in South Africa, the DRC and in Tanzania. One of his major achievements in Tanzania was the investigation of the geology and technical aspects of the Merelani tanzanite deposit which eventually led to the successful listing of the first colored gemstone company on the JSE.
Professor Scheepers is also closely involved in the application and development of geochemical analytical techniques and was in charge of the running of an XRF laboratory, an ICP-AES laboratory and a micro thermometric laboratory. He participated in the development of international geochemical reference standards and completed numerous challenging analytical problems for the industry over the years.
Dr. Scheepers' interest in providing small scale miners with the necessary skills to conduct safe and effective mining led to the establishment of the Gemstone Research Centre at Stellenbosch University and currently the Unit for Gemstone Geology ("UGG"). The UGG is a collaborative training and research unit between Free State and Dar es Salaam Universities through which research on gemstone deposits is currently conducted.
Dr. Scheepers received his B.Sc. (Hons), Cum Laude in 1979, his M.Sc, Cum Laude in 1982 and his PhD in 1990 from the University of Stellenbosch.
About Douglas Boateng
Dr. Douglas Boateng has over 18 years of extensive multi-sector international experience. His career includes positions as a CEO, director and senior level consulting in Technology (ICT), Chemicals/Pharma-chemical, Pharmaceutical and Biotechnology, Aviation, Engineering, Business management, Mergers and Acquisitions, Strategic alliance and partnerships, Logistics and Supply Chain Management, Media, Consulting, Corporate and Strategic Business Development, Corporate Governance and Advisory services to selected Government ministries. Dr. Boateng has also successfully worked and consulted for some of the world's leading corporation's in Europe, USA and Africa.
Prior to joining IPP Resources, Dr. Boateng founded PanAvest International, an organization with a vision to assist companies profitably extend their market reach through the application of innovative Business Development Logistics and Supply Chain Management solutions. He has acted as an independent advisor and consultant to one of Scandinavia's largest generic pharmaceutical companies on logistics, supply chain and business development and strategies and one of Africa's leading healthcare distributors.
Dr. Boateng is also a post graduate visiting professor on logistics and supply chain management and a Masters and Doctoral project supervisor at one of Africa's largest and most respected business schools. He current sits on the editorial board of Smart Procurement, the largest supply chain related portal in Africa and the Middle East.
Dr. Boateng holds a Graduate Diploma in Company Direction from the Institute of Directors, a Doctorate in Engineering Business Management from the University of Warwick-UK, a MSc in Industrial Logistics from the University of Central England-UK and a post graduate diploma in transport and logistics from Cranfield Institute of Technology, UK.
As a consequence of the appointments of each of Mr. Mengi, Dr. Scheepers and Dr. Boateng with the closing of the Acquisition Agreement, the Board of Directors and Executive Officers of the Company are now comprised of the following:

Name	Position
Harpreet Singh Sangha	President, Chief Executive Officer and a director
Reginald Mengi	Chairman of the Board and a director
Honorable Joseph Rugumyamheto	Director
Wenqin Zhang	Director
Revno Scheepers	Director
Douglas Boateng	Director
Herminder Rai	Chief Financial Officer, Secretary, and Treasurer

About Douglas Lake
The Company is an emerging mineral exploration company focused on exploring and potential development of mining opportunities in Tanzania. For further information please contact Douglas Lake at (604) 575-3552 or go to http://www.douglaslakeminerals.com/.
Safe Harbor Statements
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.
Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the "SEC") (available at http://www.sec.gov/) and with Canadian securities administrators (available at http://www.sedar.com/). Such risks and uncertainties may include, but are not limited to, the risks and uncertainties set forth in the Company's filings with the SEC, such as the ability to obtain additional financing, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

For more information, please contact
Douglas Lake Minerals Inc.
(604) 575-3552
(604) 575-3559 (FAX)

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Gold Stocks; Ironwood Gold (OTCBB: IROG) Announces Investment by Callinan Mines

SCOTTSDALE, AZ--(http://www.investorideas.com/ gold and mining stocks blog ) - September 22, 2010 - Ironwood Gold Corp. (OTCBB: IROG) is pleased to announce that Canadian mining company Callinan Mines Limited ("Callinan") has entered into a Securities Purchase Agreement dated August 27, 2010. The agreement has been represented as a preliminary investment in exchange for certain shares and warrants exercisable over the next two years.

Callinan Mines is a base metals exploration company dedicated to continuing a tradition of successful exploration that began in 1927. The company derives significant, and increasing, revenue from an historic royalty interest in two producing mines in Manitoba, Canada. This income allows the company to keep dilution low as they develop additional high potential exploration properties located in Manitoba and British Columbia.

In addition to their Canadian exploration programs, Callinan is focused on expanding shareholder value through accretive acquisitions of both base and precious metals properties. The global economy has priced many in-ground assets far below their actual value, given the current metals environment. By virtue of the company's cash reserves and income, Callinan is able to compete for the most valuable available assets in both the base and precious metals sector.
The properties that Callinan selects for exploration have been chosen because they have the potential to host large, world class deposits.
Additional details regarding Ironwood Gold and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: http://www.ironwoodgold.com/.
ABOUT IRONWOOD GOLD CORP. (OTCBB: IROG)
Ironwood Gold Corp. is a mineral exploration and development company building a portfolio of prospective properties containing known deposits of strategic precious metals in politically stable, mining-friendly North American districts with recognized production histories.
Notice Regarding Forward-Looking StatementsThis news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Ironwood Gold Corp.-----------------------------
Behzad Shayanfar, CEO

Investor Information:Red Oak Communications, Inc.
Phone: 1-888-356-4942
Web: http://www.ironwoodgold.com/

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Mining Stocks; Far West Mining (TSX:FWM) Announces Increase in Private Placement

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog) - Sept. 22, 2010 - Far West Mining Ltd. (the "Company") (TSX:FWM) announced yesterday a $10 million private placement financing ("Financing") with the Pacific Road Resources Funds. The Company advises that Quadra FNX Mining Ltd. has exercised its anti-dilution right to participate in the Financing, which right was granted under its 2009 subscription agreement with the Company, and will purchase 207,835 units ("Units") at a price of $4.10 per Unit for proceeds of $852,123.

As a result of the exercise of this right and the increase in the size of the financing, the Company will now issue at closing an aggregate of 2,646,860 Units for total proceeds of $10,852,126 (the "Offering").
The Offering is scheduled to close on or about October 15, 2010, subject to customary closing conditions, including acceptance by the Toronto Stock Exchange.

Far West Mining Ltd. is an international mineral exploration company engaged in the evaluation, acquisition, exploration and development of mining properties in Chile and Australia. For further information, investors should review the Company's filings that are available at www.farwestmining.com and www.sedar.com or contact Rick Zimmer, President & CEO or Iain MacPhail, CFO at (604) 602-9144.
FAR WEST MINING LTD.
Richard N. Zimmer, P.Eng., President & C.E.O.
This news release contains statements that constitute "forward-looking statements" within the meaning of applicable Canadian provincial securities legislation (collectively, "forward-looking statements"). Forward-looking statements often, but not always, are identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeting" and "intend" and statements that an event or result "may", "will", "should", "could", or "might" occur or be achieved and other similar expressions.
Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact
Far West Mining Ltd.
Rick Zimmer
President & CEO
(604) 602-9144
or
Far West Mining Ltd.
Iain MacPhail
CFO
(604) 602-9144
www.farwestmining.com

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Gold Stocks; Sonora (TSX. V:SOC) Announces: Second Gold Property in Tanzania, Private Placement, Appointment of New Director, Grant of Options

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog) - Sept. 22, 2010) - Sonora Gold & Silver Corp. (TSX VENTURE:SOC) is pleased to announce an agreement for the option to purchase (the "Option Agreement") through the Company's wholly-owned Tanzania subsidiary, 100% of the 10 square km Negese Mining Permit (the "Negese Property"). The Negese Property is located in the Kilindi District of Northeastern Tanzania and is being optioned from an arms' length private Tanzanian corporation (the "Vendor"). The Negese Property was selected on the basis of growing artisanal mining activity in the area, including processing of alluvial, colluvial and bedrock gold mineralized material including pits and underground workings to a depth of 30 meters. The geological setting is notably similar to the rapidly developing Magambazi discovery by Canaco Resources (TSXV: CAN).

Gold mineralized zones in the form of discrete high grade lodes and a broad zone of disseminated sulphides hosted by garnet-silica altered amphibolite in a corridor defined by artisanal workings and outcropping mineralized material are known to exist along a minimum of 1600 meters of strike and across from 300 to 500 meters. The host envelope and the mineralized zones dip at 15 to 25 degrees and the true width of the target zone is approximately 200 to 250 meters. The area is traversed by gravel roads and the topography is moderate. The project can be advanced rapidly without significant infrastructure enhancements.
Reconnaissance mapping over the area shows structural repeats and additional strike extensions which will be evaluated as part of the forthcoming work program. The Company completed an orientation sampling of the target zones in a field review and results from the rock samples are pending. On the basis of this work, and the analytical results, the Company is planning a sequenced exploration program including geological mapping, soil and rock geochemistry and drilling.

The terms of the option on the Negese Property consist of:

US$5,000 due on signing, US$25,000 due within 30 days;
The issue of 300,000 shares of the Company to the Vendor upon completion of due diligence review and final TSX Venture Exchange approval;
Monthly payment to the Vendor of US$2,000 increasing to $5,000 over time to maintain the option up to a maximum of four years;
A lump sum payment of US$1,300,000, payable at any time to exercise the Option in full for 100% ownership of the Negese Property, subject to a 2% Net Smelter Return Royalty.

Further to the announcement of the Negese Option Agreement, the Company will conduct a non-brokered private placement of units, priced at $0.25 per unit, consisting of 5,000,000 units, each unit consisting of one common share and one-half (1/2) of one share purchase warrant for gross proceeds of CDN$1,250,000. Each whole warrant will be exercisable at a price of $0.50 for a period of two years from the date of closing. The proceeds of the private placement will be allocated towards transaction costs for the acquisition and for the exploration and development of the Negese Project as well as for general working capital. This financing is integral to and forms part and parcel of the acquisition of the Negese property.
The Company is also very pleased to announce the appointment of Mr. Paul Matysek to the Board of Directors. Mr. Matysek is currently the President and Chief Executive Officer of Potash One Inc. where he is leading the company to feasibility stage on its Legacy Project in Saskatchewan. He was a founder and CEO of Energy Metals Corporation, which he helped grow from a market capitalization of $10 million to acquisition by a larger uranium producer for $1.8 billion. Since 1999, he has been involved in obtaining over $200 million of exploration and development financing for a number of significant precious metal and base-metal properties. Mr. Matysek is a geologist/geochemist and has served in an Executive or Director capacity, for several exploration and development companies including: First Quantum Minerals Ltd., First Majestic Resource Corp., Energy Metals Corp. and Lithium One Inc. He brings to the Company a wealth of technical and financial experience as well as over 35 years of exploration and development experience. "We are very honored to have a man of Mr. Matysek's caliber join Sonora," states company President, Ken Churchill.
The Company has also granted a total of 900,000 incentive stock options at a price of $0.25 per share, to certain directors and officers of the Company. The options are exercisable for up to three years from the date of grant.
The technical details of this announcement and the field sampling, pertaining to the Negese Property, were completed under the supervision of David Bending, M.Sc., P.Geo., an independent Qualified Person pursuant to the standards of National Instrument 43-101.
On behalf of the Board of Directors.
Sonora Gold & Silver Corp.
Ken Churchill, President, Chief Executive Officer and Director

For more information, please contact
Sonora Gold & Silver Corp.
Ken Churchill
President, Chief Executive Officer and Director
604-780-8708
www.sonoragoldcorp.com

Mining Stocks ; Aurus Corporation (OTCPK:AURC) Latest Developments

NEW YORK, NY--(http://www.investorideas.com/ gold and mining stocks blog ) - September 22, 2010 - AURUS CORPORATION (PINKSHEETS: AURC) had the obligations to assets in the Shatura Region near Moscow. Obligations were to undertake construction over the next two years to create a complex for processing technogenic dumps.

Aurus Corporation was ready to issue corporate bonds but due to the financial crisis the issuance of the bonds and attempts to create investment resources has become impossible. Since June of this year the Shatura region asset isn't the property of Aurus Corporation anymore.

The main focus for the future economic success of Aurus Corporation is completing the merger.
In the very near future all documents will be prepared for the implementation of the merger with the gold mining company Mayskaya. All investors/shareholders will be timely informed about the change in the Corporate/Ownership structure of the company.

Aurus Corporation Management

Contact:
Slava Kouznetsov
Secretary
slavakuz@gmail.com
magadan-krong@mail.ru

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Mining Stocks; Moly Mines Limited (TSX:MOL) Update: Iron Ore Project Execution on Track for First Ore Shipment in December 2010

Mining Stocks; Moly Mines Limited Update: Iron Ore Project Execution on Track for First Ore Shipment in December 2010

Extension to deadline for molybdenum project finance facility to 31 January 2011

TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog ) - Sept. 22, 2010 - Moly Mines Limited (TSX:MOL)(ASX:MOL) provides the following update on development activities at the Spinifex Ridge Iron Ore Project and the status of the US$500 million project financing for the Spinifex Ridge Molybdenum Project.

SPINIFEX RIDGE IRON ORE PROJECT – ON TRACK FOR FIRST SHIPMENT DECEMBER 2010
The major milestone of the successful wet commissioning of the new Utah Point shiploader and berth at Port Hedland over this last weekend gives the Company confidence that it is on track to meet its target of first shipment of iron ore in early December. Approximately 70,000 tonnes of Atlas Iron's ore was shipped on the bulk panamax vessel, the Bergen Max.
Dr Derek Fisher CEO of Moly Mines commented; "This is a significant event for the new iron ore miners of the Pilbara and for Western Australia. The Port Hedland Port Authority, Atlas Iron, and POAGS Bulk Logistics are to be congratulated on this important achievement".
Moly Mines is also pleased to announce that it has awarded the final significant operations contract for the 1 million tonne per annum Spinifex Ridge Iron Ore Project. The ore haulage contract has been awarded to local Pilbara operator Bullbuck Pty Ltd ("Bullbuck") for the transport of the iron ore product from the mine site to the Utah Point port facilities at Port Hedland.
Bullbuck has been operating in the Port Hedland region for more than 13 years providing road haulage services to remote mining locations in the wider Pilbara region. They currently provide haulage services to Consolidated Minerals and Aditya Birla Minerals.
In recent weeks, Moly Mines has announced the award of the mining contract to BGC Contracting Pty Ltd, crushing services to Rapid Crushing Pty Ltd, camp facilities management to the Compass Group / Pantarlangu JV and now the ore haulage agreement. This completes the major contract awards for the operation of the Spinifex Ridge Iron Ore mine.
The primary crusher has been delivered to site while the secondary crushers, screens and slewing stockpile conveyor will be completed by the second week in October for commissioning and production by the end of October.
Mining equipment began arriving on site early in September and mining operations will commence by the end of this month.
Ore haulage to Moly Mines' stockpile area at the Utah Point facility will commence on or around 6 November 2010. The stockpile will be built up over the course of November for first shipment of Spinifex Ridge ore in early December. Sales contracts will be concluded in the near term.
SPINIFEX RIDGE MOLYBDENUM PROJECT - US$500 MILLION PROJECT FINANCING FACILITY
The Subscription Agreement dated 19 October 2009 between Moly Mines and Hanlong Mining Investment Pty Ltd ("Hanlong") requires Hanlong to use best endeavours to procure a US$500 million Project Finance Facility ("Project Finance Facility") for the Spinifex Ridge Molybdenum Project ("Molybdenum Project") on or before 30 September 2010 ("Cut-off date"). Hanlong's parent entity Sichuan Hanlong (Group) Co Ltd agreed to provide, from itself or a related body corporate, a guarantee in favour of the proposed financiers.
Financing Status
Strong progress has been made toward completing the Project Finance Facility. Hanlong are actively engaged with the proposed financiers and regulatory authorities both at the Sichuan provincial and at the state level in Beijing. They have strong finance teams dedicated to the process in their Sydney, Chengdu and Beijing offices.
China Development Bank and China Exim Bank have participated in Perth office and Spinifex Ridge site due diligence over the last 8 weeks. In July, a comprehensive engineering study was completed by a major Chinese engineering group as part of the banking process for the 10 million tonne per annum Molybdenum Project.
In August the Sichuan branch of the National Development Reform Commission ("NDRC") concluded that the Molybdenum Project complied with overseas investment policies and the project has now been submitted to the Beijing office of the NDRC.
The proposed financiers have requested the completion of an Engineering Procurement and Construction ("EPC") contract that describes the scope, cost and schedule for construction of the Molybdenum Project as a core condition precedent to the financing. Moly Mines is currently preparing these arrangements with suitable contractors.
In addition, the proposed financiers have asked Hanlong and its related companies to provide additional asset security for the Molybdenum Project.
Hanlong has advised the Company that they anticipate finalizing term sheets for the Project Finance Facility in mid October 2010 with full loan documents expected to be executed during the period December 2010 to January 2011, subject to the completion of the EPC arrangements and iron ore and molybdenum marketing agreements with Hanlong that will be put to minority Moly Mines shareholders for approval before the end of 2010.
Although significant progress on the Project Finance Facility has been made, terms and conditions for the Project Finance Facility are still being negotiated with the proposed Chinese financers and the level of interest and feedback gives Moly Mines confidence that the funding will be forthcoming. Moly Mines acknowledges the continuing high level of support and commitment of Hanlong to complete this process in the shortest possible timeframe.
New Agreements
In consideration for the additional security, beyond the parent company guarantees, being offered by Hanlong that will strengthen the terms of the Project Finance Facility, Moly Mines has agreed to grant Hanlong additional time to procure the Project Finance Facility by amending the cut-off date in relation to the Financial Penalty to 31 January 2011. The Financial Penalty described in the Subscription Agreement will now apply on this new date. That is, if the Project Financing Facility is not available in accordance with the Subscription Agreement by 31 January 2011 approximately US$45 million of the Shareholder Loan will be forgiven and US$15 million will become immediately repayable.
Further Moly Mines will, subject to shareholder approval being received at the November 2010 Annual General Meeting, issue Hanlong 35.5 million Project Finance Options ("New Options") to replace the options issued under the Subscription Agreement which will lapse on 30 September 2010. The New Options will have the following terms and conditions:

The New Options will be exercisable at C$1.00 per share.
The New Options will only vest if full binding documents for the Project Finance Facility are executed by 31 January 2011. If full binding documents for the Project Finance Facility are not executed by 31 January 2011, the New Options will be cancelled.
If the New Options vest by 31 January 2011, but conditions precedent to the initial drawdown of the Project Finance Facility are not met or waived and initial drawdown is not achieved by 31 December 2011, the New Options will be cancelled.

This news release includes "forward-looking statements" as that term within the meaning of securities laws of applicable jurisdictions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond Moly Mines' control. These forward- looking statements include, but are not limited to, all statements other than statements of historical facts contained in this news release, including, without limitation, those regarding Moly Mines' future expectations. Readers can identify forward-looking statements by terminology such as "aim," "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "predict," "project," "risk," "should," "will" or "would" and other similar expressions. Risks, uncertainties and other factors may cause Moly Mines' actual results, performance, production or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results, performance or achievements). These factors include the failure to complete and commission the mine facilities, processing plant and related infrastructure in the time frame and within estimated costs currently planned; variations in global demand and price for molybdenum and copper; fluctuations in exchange rates between the U.S. dollar and the Australian dollar; failure to recover the resource and reserve estimates of the Project; the failure of Moly Mines' suppliers and service providers to fulfill their obligations under construction, supply and tolling agreements; unforeseen geological, physical or meteorological conditions, natural disasters or cyclones; changes in the regulatory environment, industrial disputes, labor shortages, political and other factors; the inability to obtain additional financing, if required, on commercially suitable terms; and global and regional economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. We assume no obligation to update such information

For more information, please contact
Moly Mines Limited
Natalie Frame
Investor Relations
+1 416 777 1801 or +1 416 371 7541
or
Moly Mines Limited
Derek Fisher
Managing Director
+61 8 94293300
www.molymines.com

Mining Stocks; Vanstar Starts Drilling on the Lac Fortune West Gold Project in the Rouyn-Noranda Mining Camp, Quebec

LA PRAIRIE, QUEBEC--(http://www.investorideas.com/ gold and mining stocks blog) - Sept. 22, 2010 - Vanstar Mining Resources Inc. ("Vanstar")(TSX VENTURE:VSR) wishes to announce that it will start an initial diamond drilling program for a maximum of 2,000 m. This program will be launched within the next two weeks and will test the lateral extensions of the known gold zones on the property.

The property is strategically located on the Cadillac fault, 25 km west of Rouyn Noranda. It is easily accessible by national road 117 which passes just south of the property.

Lac Fortune hosts many auriferous structures, notably the South King Zone and the Main Zone. These gold zones are trending east-west and are known by drilling, over a strike length of 700 m and are located south of the Francoeur-Wasa shear zone. The South King zone displays several geological similarities with the Francoeur-Wasa shear zone orebodies, notably mineralization hosted at an andesite - gabbro lithological contact in close spatial association with an hematite - altered felsic intrusive showing some local breccia textures.
Diamond drilling by previous operators yielded high grade intercepts as well as mineralization over broad intervals as demonstrated by the following historical intercepts:
South King Zone

855.58 g/t Au over 0.35 m from 29.83 to 30.18 m
60.43 g/t Au over 0.27 m from 69.18 to 69.45 m
1.83 g/t Au over 10.94 m from 72.50 to 83.44 m (including 11.42 g/t Au over 1.50 m)
1.21 g/t Au over 11.37 m from 52.73 to 64.10 m
10.30 g/t Au over 2.75 m from 57.10 to 59.85 m
1.13 g/t Au over 12.40 m from 44.40 to 56.80 m

Main Zone

9.91 g/t Au on 2,30 m
7.30 g/t Au on 6,50 m
6.75 g/t Au on 1,45 m

Important exploration and development work is being executed in the immediate proximity of the property. Vantex Resources is advancing the Pitchvein Galloway zone to the west of the property where it is aiming to develop an Osisko type orebody. Recent drilling intersected values of 0,78 g/t Au over 160.5 m, including 1,01 g/t Au over 55,5m, 0.67 g/t Au over 73,65 m, 1,042 g/t Au over 36 m.
Situated directly to the northeast of Lac Fortune, the Francoeur gold mine owned by Richmont Mines ("Richmont") is part of a group of 11 similar deposits located within the Francoeur-Wasa shear zone, a very important east-north-east trending regional gold bearing structure which transects the northeast corner of the property. The principal deposits located in the Francoeur-Wasa shear zone have produced over 500,000 ounces of gold from approximately 2.6 million tonnes of ore with a recovered grade of 6.07 g/t of gold (Richmont Mines Inc. press release dated August 7^th 2009). In the light of the recent strength in the gold price near $1,000 per ounce, Richmont has announced its intention to restart production at the underground Francoeur gold mine in 2011.
This campaign will be under the supervision of MM. Daniel Kelly and Gilles Laverdière, Qualified Persons as defined in NI 43-101. Mr. Gilles Laverdière read and approved this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
Gilles Laverdiere
President
514-830-8236
vanstar@videotron.ca

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Mining Stocks; North American Gem (TSX.V:NAG) Closes First Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - Sept. 22, 2010 - North American Gem Inc. (NAG) (TSX VENTURE:NAG) would like to announce that the first tranche of the non-brokered private placement originally announced on August 4^th, 2010 and reprised on September 8^th 2010 has been conditionally accepted by the TSX Venture Exchange. The Company raised $792,086.24 at a price of $0.08 per unit in the first tranche.

A total of 9,901,078 units were issued as non-flow-through units consisting of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at a price of 10 cents per share for the first year, 12 cents per share on the second year and 15 cents per shares until expiration on the third year.

Shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period expiring January 21, 2011. The proceeds of the private placement will be used for exploration of the company's mineral properties and general working capital.
The following insider and pros participated in the private placement;
Insider: Charles Desjardins 200,000 shares
Pro group: Ivano Veschini 250,000 shares, Kerry Chow 400,000 shares, Roberto Chu 100,000 shares, and Paul Wann 150,000 shares.
Finders' fees: $38,100 cash and 476,250 warrants (same terms as private placement above) payable to PI Financial Corp. $7,200 cash and 90,000 warrants (same terms as above) payable to Bolder Investment Partners.
North American Gem Inc. (TSX VENTURE:NAG) is a junior resource company in Western Canada. The company's major focus is expanding its coal mining operations at its flagship properties in Kentucky. In addition, the company has interests in coal, copper, molybdenum, and other base metals in Canada.

On Behalf of the Board of Directors
NORTH AMERICAN GEM INC.
Charles Desjardins, President and Director

Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

For more information, please contact
North American Gem Inc.
Charles Desjardins
President and Director
604-683-5445
604-687-9631 (FAX)
info@northamericangem.com
www.northamericangem.com

Mining Stocks News; AM Gold Inc. Announces Red Mountain Property Purchase Agreement/Shares for Debt Settlement with Solitaire Minerals Corp.

Addition to Board of Directors and Appointment of CEO/Setting of Options

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ Gold and Mining stocks blog) - Sept. 22, 2010 - AM Gold Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) ("AM Gold" or the "Company") is pleased to announce that it has received TSX Venture Exchange approval of its purchase agreement for 100% ownership of its Red Mountain property as announced by press release on August 23, 2010.

The Company further wishes to announce that it has received TSX Venture Exchange approval of its shares for debt settlement with Solitaire Minerals Corp. ("Solitaire") as announced in its August 31, 2010 press release, and has issued 571,428 common shares issued at $0.35 per share to Solitaire in settlement of $200,000 worth of debt thereby extinguishing the Company's debt with Solitaire in full.

The Company is also pleased to announce that Mr. John Fiorino has been appointed to the Company's Board of Directors increasing the size of the Board of Directors to 8. The Company further announces that Mr. Fiorino has been appointed as CEO.
Mr. Fiorino currently sits on the board of several private companies and is currently the President/CEO of Infinite Merchant Solutions Inc. As a financier, businessman, investor and consultant with over 15 years experience in assisting private and public companies with corporate operations, capital development, financing and strategic advisory services, he has concluded mining transactions involving gold and other commodities in Africa and North and South America. Mr. Fiorino has been instrumental in the restructuring and recapitalization of AM Gold.

Mr. Aberle remains with the Company as a Director and Chief Operating Officer.
In addition, the Company further wishes to announce that it will grant up to 500,000 common shares pursuant to incentive stock options for granting to certain of its directors and employees under the Company's Rolling Stock Option Plan, which Plan received shareholder approval at the Company's last Annual General Meeting held September 21, 2010. The options will be granted at the exercise price of $0.47 per share for a five year period, subject to TSX Venture Exchange approval.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:
Michael C. Scholz, Chairman and Director
AM GOLD INC.
This news release has been prepared by management. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbor.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact
Progressive IR Consultants Corporation
David Yeager
604-689-2881
david@amgold.ca
www.amgold.ca

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Mining Stocks News; Constitution Mining (CMIN.OB) Appoints VP Corporate Communications

LIMA, PERU--(http://www.investorideas.com/ gold and mining stocks blog) - September 22, 2010 - Constitution Mining / Constitution Mining Appoints VP Corporate Communications processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

Constitution Mining Corp. (CMIN.OB) announces the appointment of Mr. David Smith as the Company's VP of Corporate Communications.

Mr. Smith, based in Washington State, is a long-time writer and editor on issues of freedom and hard-money investing, and is a dedicated gold and silver investor. He is the author of numerous articles for honest-money oriented investment publications. Mr. Smith serves as a consultant to resource sector companies and is a workshop/convention hall presenter at investment conferences. He previously served as Vice-President of Corporate Communications for Constitution Mining Corp (2007 - 08). He is a contributor to the self-help text, Personal Responsibility: The Power of You, as well as an experienced online education instructor at the college and university levels. He has extensive experience in visiting, researching and writing about mining sector companies in the Americas and in Asia.

Constitution Mining Corp. Investors can contact Mr. David Smith at:
North America Toll Free : 800-215-0811
Direct Dial: 360-339-7309

Email: Info@ConstitutionMining.com

About Constitution Mining Corp. (CMIN.OB)
The Company's goal is to locate large-scale commercially viable gold deposits and continuously increase the amount of gold underlying its outstanding shares. The Company is interested primarily in geographical areas that are home to several significant proven gold deposits, including highly prospective districts likely to hold further large deposits.

Peru
The first and most active project is in the Gold Sands region of Peru where the Company holds options on 461 square kilometers (178 square miles) of mining property, the largest such block in the district. These Gold Sands were laid down by eons of alluvial erosion. For millions of years, the waters of the Santiago and the Maranon rivers have been carving their way through the gold-rich mountain canyons of the Andes, carrying off vast amounts of gold and depositing it in the loose gravels and sands - Gold Sands - in the area the Company now controls.

Results from test holes drilled during CMIN's 26-hole Phase I exploratory drill program indicate the presence of significant alluvial gold. The Company is now actively engaged in conducting a Phase II drill program focused on grid drilling a 2.5 square kilometer region. While the results from the Phase I drill program and the initial results of the Phase II, 100-hole drill program are highly favorable, further results are needed to determine the full feasibility of the project.

The full implementation of these programs will require the Company to secure additional financing.
Further information about Constitution Mining Corp may be found at:
http://www.ConstitutionMining.com.

On behalf of the Board:
Dr. Michael Stocker - CEO
Constitution Mining Corp.

Investor Inquiries:
North America Toll Free : 800-215-0811
Direct Dial: 360-339-7309
Email: Info@ConstitutionMining.com

Disclaimer
This release contains forward-looking statements that are based on beliefs of Constitution Mining Corp. management and reflect Constitution Mining Corp's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words , or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Constitution Mining Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance , or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Constitution Mining Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission.

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Mining Stocks News; Archean Star Resources Inc.: Kent Re-Prices Archean Star Plan of Arrangement Financing

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) Sept. 22, 2010 - Kent Exploration Inc. (the "Company" or "Kent") reports that it has reduced the non-brokered private placement required to implement the Archean Star Resources Inc ("Archean") Plan of Arrangement (the "Arrangement") Financing from the planned up to 10,000,000 Units at $0.25 cents per Unit, to 7,000,000 Units at $0.15 cents per Unit for gross proceeds of $1,050,000. The original financing announced in the Company's news release KEX2010-13 was delayed due to market conditions caused primarily by the Australian Government's proposal to introduce a Super Profits Tax on the Australian mining industry in early May 2010. This proposal was subsequently rescinded and replaced by a Resource Rental Tax, which applies only to the coal and iron ore industries, and does not affect the Australian gold exploration and mining industry.

Upon receipt of the funds from the financing, and the Arrangement taking effect, Archean intends to commence a second phase diamond drilling program on the Gnaweeda Gold Project, where, as announced in the Company's news releases, KEX2010-14 and KEX2010-22, a discovery hole at Bunarra intersected 18 meters of 12.34 g/t Au from 115 m to 133 m, including a one meter intersection averaging 110 g/t Au. The discovery is open along strike and to depth.
The 17,000 ha (42,000 acre) Gnaweeda Gold Project, which lies approximately 640 km (400 miles) northeast of Perth and 35 km (22 miles) northeast of Meekatharra, comprises a package of two exploration licenses over a strike length of 28 km (17.5 miles) of the Gnaweeda Greenstone Belt. It consists of several gold prospects, including Turnberry in the north, which has an identified gold-bearing zone approximately 2.5 km (1.65 miles) along strike and 750 meters (0.46 miles) in width, St. Anne's, and Bunarra in the south, as well as other known gold-bearing prospects. Eleven additional targets have been identified based upon geophysical data.

Archean has entered into an Option Agreement (the "Agreement") with Teck Australia Pty Ltd ("Teck"), as announced in its news release KEX2009-28, to earn 100% of Teck's interest in the joint venture between Chalice Gold Mines Ltd (30%) and Teck (70%), on the Gnaweeda Gold Project.

The non-brokered financing, consisting of Subscription receipts, is being undertaken by 0877072 BC Ltd (a corporation which will amalgamate with Archean under the Arrangement) in order to provide sufficient working capital for Archean's business plan and a listing on the TSX Venture Exchange (the "Exchange").
Subscription funds will be held in trust pending completion of the Arrangement, at which time the funds shall be released and each subscription receipt shall automatically convert, for no additional consideration, into Units of Archean at $0.15 per Unit. Each Unit will consist of one common share and one common share purchase warrant exercisable at $0.25 cents for 12 months.

The Plan of Arrangement was approved by the shareholders of the Company on April 30, 2010, and the BC Supreme Court on May 6, 2010, and Archean will become a separately listed company from Kent and hold the Gnaweeda Gold Project in the Murchison District of West Australia, while Kent will retain the existing properties currently held. The Arrangement will not take effect until the financing has been completed, at which time the Company shall issue a news release providing advance notice of the effective date ("Effective Date").

As of the Effective Date, there will be approximately 25,000,000 common shares of Archean issued. Approximately 13,000,000 common shares of Archean will be issued to holders of common shares of Kent held on the Effective Date, on the basis of one (1) common share of Archean for every four (4) common shares of Kent and approximately 5,000,000 common shares, or approximately 21% of Archean, will be issued to Kent, with 7,000,000 common shares being held by the subscribers to the financing.
The Company proposes to submit the listing application to the TSX Venture Exchange immediately after the effective date, expected to be on or about November 1, 2010, in order to list Archean on that exchange.
Kent Exploration Inc is a junior exploration company that has an Option Agreement to earn 100% of Teck Australia Pty Ltd's interest in the Gnaweeda Gold Project in West Australia and has acquired the Alexander River, Paparoa and Lyell gold projects in the highly prolific Reefton gold field in New Zealand.

The Company has an option to earn a 100% interest in the Silver Hills property, a silver/lead/zinc prospect in south-eastern British Columbia, and has a 100% interest in the Courtney Lake property, a silver/lead/zinc prospect in north-east Saskatchewan. The Company has a 100% interest in Coal Prospecting Permits covering approximately 92,000 ha in east-central Saskatchewan, a 100% interest in a mining lease option on the Flagstaff Mountain property, a permitted barite mine in eastern Washington state, a 100% interest in the mining lease option on the Ivanhoe Creek property, a Midas-style gold/silver target in Nevada's Carlin Trend, and 50% of a 100% interest in the Ivanhoe Creek placer claims covering a bentonite deposit.
This News Release has been prepared on behalf of the Kent Exploration Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Marvin A. Mitchell, a Qualified Person and defined by National Instrument NI 43-101.

ON BEHALF OF THE BOARD
Graeme O'Neill, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please contact
Archean Star Reosurces Inc.
Graeme O'Neill
President
604-684-3394 or Toll Free: 1-866-399-6539
1-888-282-7763 (FAX)
www.archeanstar.com

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Gold Stocks and Mining Stocks News, Investing and Trading Ideas

Wednesday, September 22, 2010

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Mining Stocks ; Aurus Corporation (OTCPK:AURC) Latest Developments

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Mining Stocks; Vanstar Starts Drilling on the Lac Fortune West Gold Project in the Rouyn-Noranda Mining Camp, Quebec

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Mining Stocks News; AM Gold Inc. Announces Red Mountain Property Purchase Agreement/Shares for Debt Settlement with Solitaire Minerals Corp.

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Addition to Board of Directors and Appointment of CEO/Setting of Options

Mining Stocks News; Constitution Mining (CMIN.OB) Appoints VP Corporate Communications

Mining Stocks News; Constitution Mining (CMIN.OB) Appoints VP Corporate Communications

Mining Stocks News; Archean Star Resources Inc.: Kent Re-Prices Archean Star Plan of Arrangement Financing

Mining Stocks News; Archean Star Resources Inc.: Kent Re-Prices Archean Star Plan of Arrangement Financing

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