(TSX VENTURE:VHV) News; $14 Million Phase Three Drill Program Commences At Valley High's Cordero Silver-Gold Project In Mexico

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 30, 2010) - Valley High Ventures Ltd. ("Valley High") (TSX VENTURE:VHV) is pleased to announce the commencement of a phase three drill program at the Cordero silver, gold, zinc and lead project located 35 kilometres northeast of Hidalgo Del Parral, Chihuahua, Mexico. The phase three program is budgeted at $14,000,000 and will include approximately 59,000 metres of core drilling, initial metallurgical / engineering studies and continued surface exploration. The property comprises wholly-owned claims and consolidated land agreements that total approximately 20,000 hectares and is being explored in a Joint Venture with Levon Resources Ltd. (51% and operator). Valley High is a 49% contributing partner to the project.
A 59,000 metres drill program is expected to begin October 1^st; initially with two drill rigs that are currently on site and then expanding with additional rigs in the coming months. Drilling will be divided into three components; 1) continued definition and step-out drilling of the discoveries at the Pozo De Plata and Porphyry Zones, 2) initial step-out drilling from intersections encountered in phase one and phase two drilling, particularly at the Josefina zone and Dos Mil Diez zones, and 3) drill testing of targets outlined by phase one and phase two exploration surveys that included soil geochemistry, geophysics and geological mapping.
The Pozo De Plata Zone was first drilled in October 2009 with 3 out of 4 holes, returning important values in silver, gold, zinc and lead including exceptional values in discovery hole C09-5. Phase 2 drilling commenced in January, 2010 and focused on 50 metre grid drilling surrounding hole C09-5 and some larger step-outs to the southwest towards holes C09-1 and C09-2. Drilling to date has outlined an area of mineralization, some 465 metres long by 200 metres wide and with mineralized diatreme-hosted intervals at depths up to 300 metres. The zone may connect with holes C09-1 and C09-2 farther south for an additional 290 metres of potential strike length. Pozo De Plata is a tabular mineralized diatreme breccia with mineralized rhyolite and dacite dike swarms. Sulfide minerals, sphalerite, galena and possible silver sulphosalts occur as diatreme clasts, disseminated grains and massive accumulations in the diatreme breccia matrix and veins of massive sulfide and high grade replacement mineralization after large limestone clasts within the diatreme.
The Porphyry Zone, located on the east side of the Cordero Dome approximately 1,300 metres northeast of the Pozo De Plata zone comprises a series of nested, altered and mineralized igneous intrusive bodies (stocks) within the eastern contact zone of the Cordero Felsic Dome Complex. It has been tested by 8 holes over a distance of 1200 metres with encouraging results being previously reported from several holes including hole C010-41.
Initial Metallurgical / Engineering Studies
Engineering studies in Phase three will include preliminary metallurgical test work on the Pozo De Plata and Porphyry Zones, initiation of work preparatory to the completion of an initial 43-101 resource estimate and other related engineering studies including infrastructure and environmental base line studies.
Continued Surface Exploration
The majority of the large Cordero property has not been explored. The phase three program will continue surface exploration work including geological mapping, geochemistry and geophysics (3D IP and gravity surveys). Initially work will focus on two areas, the La Ceniza target, immediately northeast of the Porphyry zone and diatremes in the Molino de Viento Caldera Diatreme Complex located 7 km southwest of the Dos Mil Diez zone.
Robert Cameron, PGeo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
About Valley High Ventures Ltd.:
Valley High is a Canadian based precious and base metal exploration company with projects located in Mexico, British Columbia and Yukon. The Cordero project in Mexico (49% interest) is being evaluated for large bulk mineable silver, gold, zinc and lead deposits. The Mount Polley project is located in British Columbia adjacent to Imperial Metals Corporation's ("Imperial") Mt. Polley copper-gold mine and includes a production royalty on the Boundary Property, with Imperial. In the Yukon, Valley High has an option to acquire a 100% interest in the Flume gold property which is located within the newly recognized White Gold District. Valdez Gold Inc. has been granted a right to earn up to 75% interest in Valley High's interest in the Flume property.
VALLEY HIGH VENTURES LTD.
Robert Cameron, Chief Executive Officer
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Valley High to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in documents filed from time to time with the securities regulators in the applicable Provinces of British Columbia and Alberta.

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
Valley High Ventures Ltd.
Geoff Chater
(604) 614 7830
www.valleyhighventures.com
or
Renmark Financial Communications Inc.
Barry Mire
(514) 939-3989 or (416) 644-2020
bmire@renmarkfinancial.com
or
Renmark Financial Communications Inc.
Barbara Komorowski
(514) 939-3989 or (416) 644-2020
bkomorowski@renmarkfinancial.com
www.renmarkfinancial.com

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(TSX VENTURE:CVB)  News ; Compass Gold Exploration Program Results and Option Exercise

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 30, 2010) - Compass Gold Corporation (TSX VENTURE:CVB) ("Compass" or the "Corporation") provides the following update regarding its exploration activities in Mali, West Africa, pursuant to three exploration gold research permits held by Africa Mining SARL ("Africa Mining"). Africa Mining granted Compass the option to acquire 51% of the issues shares of Africa Mining in December 2009.
Highlights

• Phase 1 exploration program completed on gold exploration licenses in Mali, West Africa.
• Exploration results exceeded expectations having highlighted twelve significant gold anomalies. Ten of the twelve anomalies coincide with high-level potassic values, often associated with gold mineralization.
• Exploration results on the Yanfolila license include:
  • Solona Prospect: Four gold anomalies defined with strike lengths ranging from 1,600m to 4,000m
  • Yanfolila East Prospect: Three gold in soil anomalies defined with strike lengths ranging from 2,600m to 4,000m
  • Yanfolila Prospect: Existing artisanal mining site extended by a 50m x 10m area and a further gold in soil anomaly identified with a strike length of 2000m
  • Guendibi Prospect: Two gold in soil anomalies defined with strike lengths ranging from 1,000m to 3,000m
  • Noumourila Prospect: One gold in soil anomaly identified with a strike length of 1,800m

Second phase exploration program proposed to include the following key activities:

• Yanfolila license: Collation of all available data (geology, geochemistry, geophysics) associated with structural interpretation in order to advance Solona and Yanfolila prospects to drilling stage.
• Kolondieba License: Advance defined targets by trenching and regional and semi-regional exploration of the remainder of the license area.
• Dandoko License: Regional geochemical exploration and detail mapping of all artisanal mining sites.

Initial Exploration Program – Work Completed
In February 2010, Africa Mining commenced an initial $500,000 exploration program. This focused on the Yanfolila License located in south west Mali. Africa Mining holds three exploration licenses. These licenses are all located in key gold producing regions in Mali. A summary of the exploration work completed is set out below:
Yanfolila
The majority of the Company's exploration work was focused on the Yanfolila License in accordance with a 43-101 report completed by Watt Griffis & McOuat Limited dated January 2010 ("43-101 Report") entitled "A Technical Review of the Yanfolila Gold Concession, Mali West Africa" which recommended focusing exploration efforts on the identified Solona target. In addition, Africa Mining conducted additional exploration work on a regional and semi-regional scale with the objective of assessing the potential of the whole license. Exploration work consisted of:

• Geological mapping at the scale of 1:20,000 of the whole license (250km²), with additional mapping completed at the scales of 1:10,000 and 1:1,000 on the Solona target;
• Geochemical survey over five defined targets: 8,446 soil samples and 733 termite mould samples collected using a grid of 200m by 40m over the 4 target areas;
• 55 artisanal mining pits cleaned and 257 channel samples collected;
• 70 auger holes, 21m each, drilled using a truck mounted drill rig. 240 samples (1.5m composite samples) collected;
• 150m hand dug trench with the collection of 150 samples;
• A 12 sq km ground magnetic survey completed over the Solona target; and
• A topographic survey completed over the Solona artisanal working area.

Soil geochemical survey at the grid of 200m by 40m has been completed over the 4 target areas with the objective of extending the strike length of each anomaly from the existing 300m to more than 1 km.
A total of 10,251 samples (of the type set out above) were collected and submitted to ALS Chemex laboratory in Bamako and gold assayed for gold. ALS Chemex in Bamako is ISO 17025 accredited. The testing procedures including sample size and analysis completed for the samples assayed followed the procedures as set out in the 43-101 Report, which can be found under Compass' profile at www.sedar.com.
Dr. Madani Diallo the Qualified Person for the purpose of this news release is the principal of M-Consulting, which conducted the work programs described in this news release. Dr Diallo supervised all work completed through all stages including sample planning, implementation and quality assurance.
The results of the work program included the following:

• Geological Mapping

As a result of the mapping, five large target areas covering 31% of the license were selected for semi-detailed soil geochemical sampling. Known and new anomalies were identified and extended. The target areas were defined based on geology, geomorphology or the presence of old or current artisanal workings.

• Geochemical soil survey

The soil geochemical survey was completed over the four target areas and resulted in 8,644 samples have been collected. The interpretation of the assays has both increased the size of known anomalies and identified several new large gold-in soil anomalies as follows:

• Solona: the original strike length of the gold anomaly was increased from 300m to 1,200m. Three new significant gold anomalies, with respective strike lengths of 1,600m, 2,000m and 4,000m have been defined.
• Yanfolila East: three new anomalies with respective strike lengths of 2,600m, 3,000m and 4,000m have been defined
• Yanfolila: the existing artisanal mining site has been extended to 50m by 10m area and a new gold in soil anomaly has been identified with a strike length of 2,000m.
• Guendibi: Two new anomalies were defined with strike lengths of 1,000m and 3,000m.
• Noumourila: a new anomaly with a strike length of 1,800m was identified.

Ten of the twelve gold anomalies are coincident with high-level potassic anomalies. This is encouraging as potassic anomalies are a sign of potassic alteration, which is often associated with gold mineralization.
A short description of the size of discovered anomalies is set out in the table below.

Zones	Dimension(m)	Au range (ppb)
Solona anomaly	2200 x 700	16 to 2000
Solona south east anomaly	1600 x 1000	16 to 158
Solona north east anomaly	2200 x 500	16 to 2450
Solona north anomaly	4000 x 600	16 to 43300
Noumourila 2 anomaly	1800 X 1000	16 t0 99
Yanfolila anomaly	2000 X 600	16 to 210
Yanfolila South anomaly	1000 X 400	16 to 152
Yanfolila West anomaly	2800 X 1500	16 to 622
Guendibi anomaly	3000 X 1500	16 to 403
Guendibi north anomaly	1000 X 600	16 to 152
Anomaly A	3000 X 600	16 to 1220
Anomaly B	4000 X 2200	16 to 788
Anomaly C	2600 X 600	16 to 238

• Detailed work – Solona

At the Solona artisanal mining site, trenching, pitting and auger drilling have extended the known gold mineralisation from 300m to a potential 1200m strike length.
Of the 288 artisanal mining pits dug by miners over the years, 55 pits have been selected and channel sampled. 70 auger holes, each to the depth of 21 m have been drilled using a truck mounted drill rig. Best auger holes intersections are 2.45 g/t over 7.5m (true thickness) and 1.49 g/t over 10.5m (true thickness) using 1.5m composite samples.
A 150m trench has been hand dug in order to intersect mineralization to the south of the artisanal mining area. As a result of this work, a 100m wide mineralized corridor has been defined, with values ranging from 0.2 g/t to 5g/t.
The Solona gold mineralisation is also coincident with a very strong potassic anomaly which is a positive indicator of gold mineralization.

• Detailed work – Yanfolila

At the Yanfolila target, channel sampling and auger drilling was completed over the artisanal open pit area. The artisanal open pit is some 50 m long by 10 m wide on the flank of a small lateritic plateau.
Results from channel sampling of the walls of the pits as well as results from the five drilled auger holes show grades up to 3 g/t. Best auger holes intersections were 12m @ 1.04 g/t (true thickness) and 4.5m @ 3.28 g/t (true thickness)
Based on visual observation it appears that the mineralization is related to an intrusive body, and indicates a potential for a pervasive mineralized rock with a bulk tonnage.
Kolondieba
Exploration activities focused on a desk study of previous work on the license in order to allow the definition of a prospective target area for the completion of some ground geophysics.
The completed ground geophysics works included:

• Ground magnetic survey over 7.5 sq km target area defined by field mapping; and
• 0.62 sq. km induced polarization survey, within the same 7.5 sq km target area, with the intent of defining a mineralized zone.

A preliminary interpretation of data suggests that the mineralization area might be related to the contact zone between the sediments and the granitic intrusion. Africa Mining proposes to undertake additional mapping and some pitting activities in the indicated areas.
Dandoko
The Dandoko license was granted in May 2010, toward the end of the field season. Field work will start on the license in November, after the end of the rainy season. It is proposed that geological mapping of the license will be completed by end of the year, with the objective of defining targets for more detail work in 2011.
Second Phase Exploration Program
The second phase of the exploration program will have three main objectives:

• Bring the Solona and Yanfolila gold occurrence on the Yanfolila license to a drilling stage and commence drilling during the second quarter 2011.
• Conduct detailed work on the discovered gold anomalies on the Yanfolila license to bring them to a drilling stage toward the end of 2011
• Conduct regional and semi-regional work on the Kolondieba and Dandoko licenses in order to define targets that can be drilled in early 2012.

The second exploration phase will include geological mapping and geochemical surveys at different scale, reinterpretation of all available data and its integration with newly collected and to be collected data, trenching and drilling. It is anticipated that a budget of C$4m to C$5m will be necessary to define the mineral resources on the best targets.
Exercise of Option by Compass
Based on the results of the exploration program, the Board of Compass has exercised its initial option to acquire a 20% shareholding in Africa Mining.
The Company will now proceed to earn a further 31% shareholding in Africa Mining by Compass:
(1) paying C$500,000 (in cash or securities) to Africa Mining; and
(2) funding a further $1,500,000 exploration program for Africa Mining to acquire a total 51% interest in Africa Mining.
Compass expects the funding for the C$1,500,000 exploration program to come from the combination of the exercise of existing warrants as well as a future private placement.
Compass will update the market when the formalities associated with the exercise of the option are completed.
Dr. Madani Diallo, a Qualified Person pursuant to National Instrument 43-101, takes responsibility for the technical information contained in this release.
About Compass Gold Corporation
Compass Gold Corporation is a Tier 2 mining issuer listed on the TSX Venture Exchange and focused on gold exploration in Mali, Africa's 3rd largest producer of gold. Compass holds an exclusive option to acquire a 51% interest in Africa Mining, which holds an interest in three gold exploration permits (Yanfolila, Dandoko and Kolondieba) covering 634 sq km's (156,664 acres) in key gold producing regions in south west Mali, West Africa. Further information is available at www.compassgoldcorp.com.
COMPASS GOLD CORPORATION
James Henderson, President
This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Compass Gold Corporation. Statements regarding expectations of results, including defining strike lengths on old mineralization at the Solona, Yanfolila and Guendibi targets and the definition of the Solona gold mineralized body are subject to all of the risks and uncertainties normally incident with undertaking mineral exploration in Africa, including but are not limited to technical, operational and environmental risks associated with gold exploration including but not limited to final sampling results and accuracy of technical evaluation and cannot be relied upon until final verified independent results are reviewed by Compass. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Compass Gold Corporation does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
Compass Gold Corporation
James Henderson
President
(604) 638-8067
(604) 648-8105 (FAX)
info@compassgoldcorp.com
www.compassgoldcorp.com

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(TSX:IMN) News ; Inmet Announces Extension of Subscription Receipt Exchange Deadline with Wholly-Owned Subsidiary of Temasek Holdings

TORONTO, CANADA--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 29, 2010) - Inmet Mining Corporation ("Inmet") (TSX:IMN) announced today that it and Ellington Investments Pte. Ltd. ("Ellington"), an indirect wholly-owned subsidiary of Temasek Holdings (Private) Limited, have agreed to extend to December 31, 2010 from September 30, 2010 the date by which 9,258,419 previously issued subscription receipts can be exchanged on a one-for-one basis for Inmet common shares. The exchange of the subscription receipts for Inmet common shares remains subject to the satisfaction of certain conditions, including the coming into effect of legislation passed by the legislative assembly of the Republic of Panama amending Panama's Mineral Resources Code (the "Code") to permit entities in which foreign governmental bodies or authorities have an interest to hold direct or indirect interests in mining concessions in Panama.]

On April 23, 2010, Ellington purchased 9,258,419 subscription receipts at a price of $54.0049 each for total proceeds to Inmet of $500 million. These proceeds will remain in escrow with CIBC Mellon Trust Company, as subscription receipt agent, pending exchange of the subscription receipts for common shares. On completion of the exchange, the escrowed funds will be released to Inmet and the proceeds will be used by Inmet for the development of its Cobre Panama project and for general corporate purposes.
If the Code amendment described above is not in effect by December 31, 2010 (or such later date as may be agreed), the subscription receipts shall be automatically terminated and cancelled and the escrowed funds plus accrued interest will be returned to Ellington.
Forward looking information
Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains forward-looking information. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, expect, anticipate, and believe or other similar words. Capital and operating cost estimates are forward-looking statements, and are based on assumptions that we believe to be reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our respective business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements.
About Inmet
Inmet is a Canadian-based global mining company that produces copper, zinc and gold. We have interests in four mining operations in locations around the world: Cayeli, Las Cruces, Pyhasalmi, and Ok Tedi. We also have a 100 percent interest in Cobre Panama, a development property in Panama.
About Temasek Holdings
Incorporated in 1974, Temasek Holdings is an Asia investment company headquartered in Singapore. Supported by 12 affiliates and offices in Asia and Latin America, Temasek owns a diversified S$172 billion (US$119 billion) portfolio as of 31 July 2009, concentrated principally in Singapore, Asia and the emerging economies. Its portfolio covers a broad spectrum of industries: financial services; telecommunications & media; transportation & logistics; real estate; infrastructure, industrial & engineering; energy & resources; life sciences, consumer & lifestyle; and technology.
For further information on Temasek, please visit www.temasek.com.sg
This press release is also available at www.inmetmining.com.

For more information, please contact
Inmet Mining Corporation
Jochen Tilk
President and Chief Executive Officer
(416) 860-3972
www.inmetmining.com

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Mining Stocks;  Yankee Hat (TSX VENTURE:KHT) Closes Second Tranche of Financing for $694,883

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog)   - Sept. 29, 2010) - Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX VENTURE:KHT) has closed the second tranche of its previously announced private placement, for a total of $694,883 in gross proceeds.


"In total, Yankee Hat has now raised $1,597,208 through this financing," stated David Matousek, President. "These funds will allow Yankee Hat to focus on the upcoming drill program on the Fran property at Mount Milligan in British Columbia."
Yankee Hat has issued 11,052,270 shares at a price of $0.05 per non-flow-through unit, and 1,896,934 shares at a price of $0.075 per flow-through unit.
The Pro-Group participants in this second tranche are Peter Brown ($100,000) and Michael Winiker ($10,000) and the insider participating is Tarbo Resources ($33,500).
In connection with the offering, the company has paid the following finder's fees:

• Raymond James Ltd., 408,024 warrants at an exercise price of 10 cents for a period of one year and a cash commission of $20,401;
• PI Financial Corp., 18,000 warrants at an exercise price of 10 cents for a period of one year and a cash commission of $900; and
• D & D Securities Inc., 90,000 warrants at an exercise price of 10 cents for a period of one year and a cash commission of $4,500.

The proceeds from the offering will be used for the fall drill program on the company's Fran property and for general working capital purposes.
All transactions remain subject to regulatory and corporate approval.
About Yankee Hat Minerals Ltd.Yankee Hat Minerals Ltd. is a publicly held resource company that utilizes its management's expertise in mineral exploration and evaluation, and financial acumen, to identify, acquire, and develop mineral prospects in mining friendly jurisdictions with the potential to host large-scale discoveries. The company strategically focuses on commodities that have strong underlying price fundamentals such as gold and precious metals, rare earth elements and tungsten. The Company's website at www.yankeehatminerals.com and public filings at www.sedar.com provide additional information on its projects and other information with respect to its management and operations.



ON BEHALF OF THE BOARD
"Brad Kitchen"
P. Bradley Kitchen, Chief Executive Officer

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
Yankee Hat Minerals Ltd.
David Matousek
President
604.638.8072
604.688.9620 (FAX)
info@yankeehatminerals.com
www.yankeehatminerals.com
or
Investor Cubed Inc.
Neil Simon
647.258.3310 or Toll Free: 1.888.258.3323
nsimon@investor3.ca
www.investor3.ca

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Investor News; TSX Venture Exchange Closing Summary - Most Active by Volume ; (TSX: ADD,NPE,LME, TMM)

Investor News; TSX Venture Exchange Closing Summary for September 29, 2010

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) 
  
The following report is available on tsx.com at the following web page:
http://www.tsx.com/en/news_events/media_kit.html

Trading was very heavy on a volume of 358.0 million shares worth 187.1 million dollars.
There were 438 advances, 437 declines and 575 issues unchanged.
The S&P/TSX Venture Composite Index closed up 8.48 at 1703.11

Most Active Issues by Volume
Volume	Name	Symbol	Close	Change
11,810,600	Arctic Star Diamond Corp.	ADD	$0.055	$0.010
8,778,650	North Peace Energy Corp	NPE	$0.215	$0.065
5,640,700	Laurion Mineral Exploration Inc	LME	$0.120	$0.035
5,438,670	Timmins Gold Corp.	TMM	$2.190	$0.310
5,379,900	Journey Resources Corp	JNY	$0.030	-$0.005
5,184,700	Northern Star Mining Corp.	NSM	$0.015	-$0.005
4,499,149	Victoria Gold Corp	VIT	$1.200	$0.150
4,174,255	AM Gold Inc	AMG	$0.540	$0.000
3,659,000	Seaway Energy Services Inc.	SEW	$0.030	$0.000
3,567,393	Northern Gold Mining Inc	NGM	$0.415	$0.025

Most Active Securities by Value
Value	Security Name	Symbol	Close	Change
$11,228,014	Timmins Gold Corp.	TMM	$2.190	$0.310
$7,670,822	Canaco Resources Inc.	CAN	$3.350	-$0.090
$6,597,546	Rare Element Resources Ltd.	RES	$8.600	-$0.450
$6,039,623	San Gold Corporation	SGR	$3.450	-$0.070
$5,053,705	Victoria Gold Corp	VIT	$1.200	$0.150
$4,740,727	ATAC Resources Ltd.	ATC	$6.280	$0.280
$4,571,597	Bear Creek Mining Corporation	BCM	$6.000	$0.100
$3,479,352	Rainy River Resources Ltd.	RR	$8.610	-$0.090
$2,949,777	Quest Rare Minerals Ltd	QRM	$5.110	-$0.280
$2,938,199	Coastal Energy Company	CEN	$4.000	-$0.050

NEX Closing Summary for September 28, 2010
Trading was moderate on a volume of 1.72 million shares worth 0.38 million dollars.
There were 5 advances, 5 declines and 25 issues unchanged.

Most Active Issues by Volume
Volume	Name	Symbol	Close	Change
472,740	East West Petroleum Corp	EW.H	$0.570	$0.030
343,000	Zaruma Resources Inc	ZMR.H	$0.055	-$0.005
270,500	Canamex Silver Corp	CSQ.H	$0.045	-$0.005
110,000	Cheetah Ventures Ltd	CHV.H	$0.275	-$0.015
100,158	First Metals Inc	FMA.H	$0.005
85,000	Duncan Park Holdings Corporation	DPH.H	$0.070	$0.005
80,000	Atlantis Systems Corp	AIQ.H	$0.025	$0.005
33,500	Coalcorp Mining Inc	CCJ.H	$0.090	$0.000
30,000	Ballyliffin Capital Corp.	BLL.H	$0.150	-$0.005
28,500	Afrasia Mineral Fields Inc.	AFS.H	$0.155	-$0.005

Most Active Securities by Value
Value	Security Name	Symbol	Close	Change
$272,850	East West Petroleum Corp	EW.H	$0.570	$0.030
$29,805	Cheetah Ventures Ltd	CHV.H	$0.275	-$0.015
$18,620	Zaruma Resources Inc	ZMR.H	$0.055	-$0.005
$12,173	Canamex Silver Corp	CSQ.H	$0.045	-$0.005
$6,240	X-Tal Minerals Corp.	XMT.H	$0.650	$0.000
$5,950	Duncan Park Holdings Corporation	DPH.H	$0.070	$0.005
$5,000	Mira Resources Corp	MRP.H	$0.250	$0.000
$4,600	Ballyliffin Capital Corp.	BLL.H	$0.150	-$0.005
$4,418	Afrasia Mineral Fields Inc.	AFS.H	$0.155	-$0.005
$3,300	Brookwater Ventures Inc.	BW.H	$0.330	$0.075

NOTE: This document is for information purposes only and is not an invitation to purchase any securities listed on TSX Venture Exchange and/or NEX. While the information herein is collected and compiled with care, neither TSX Venture Exchange Inc., TSX Inc. nor any of their respective affiliated companies represents, warrants or guarantees the accuracy or the completeness of the information. This information is provided with the express condition, to which by purchasing or making use thereof you expressly consent, that no liability shall be incurred by TSX Venture Exchange Inc., TSX Inc. and/or any of its affiliates as a result of any use or reliance upon this information.




"S&P" is a trade-mark of The McGraw-Hill Companies, Inc. and is used under licence by TSX Inc. and "TSX" is a trade-mark of TSX Inc.

For more information, please contact
TSX Venture Exchange - Closing Market Report
TSX Datalinx
(416) 947-4452
Email: marketdata@tsxdatalinx.com

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Mining Stocks;  JOURDAN Commences Exploration at the Pivert-Stairs Rare Metals Property Contiguous to and Within First Gold Exploration's Pivert/Rose Rare Metals Property, James Bay Mining District (Quebec)

MONTREAL, QUEBEC--(http://www.investorideas.com/ gold and mining stocks blog ) - Sept. 29, 2010) - JOURDAN RESOURCES INC. (TSX VENTURE:JRN) ("JOURDAN" or the "Company") is pleased to announce the start of the 2010 exploration campaign at the Company's 93 claims / 49.5 km² Pivert-Stairs Rare Metals Property (the "Property"). The Property is contiguous to and within First Gold Exploration's Pivert/Rose Rare Metals Property where recent work outlined significant quantities of the Rare Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium and Gallium, in the James Bay Mining District, located due south of the community of La Grande (Quebec).

The exploration campaign will initially consist of compiling and synthesizing the historic and current work on the Property and surroundings that will include incorporating regional airborne and ground geophysical surveys to better identify the 12+ km long Pivert Rare Metals Corridor, and surface prospecting to identify surface Lithium and other Rare Metals mineralization. If the results are favourable, diamond drilling will follow to delineate the potential size of the Rare Metals mineralization.
JOURDAN's Pivert-Stairs Rare Metals Property and the Pivert Rare Metals Corridor
JOURDAN holds 93 claims for 4,948 hectares or 49.5 km² covering 12+ km in length of the prospective Pivert Rare Metals Corridor (refer to the appended location map). The Property sits less than 5 km from the Eastmain-1 Hydroelectric facility where substantial infrastructure exists. There is an access road to within 500 m of the Lac Pivert East #1 and #2 and Lac Pivert West Claim Blocks. A north-south hydro line straddles the Lac Pivert West Claim Block.

The Property consist of the Pivert East #2 Claim Block (12 claims; 636 hectares for 6.4 km²) immediately contiguous and less than 1 kilometre to the northeast of the First Gold Exploration (TSX-V: EFG) ("First Gold") Lac Pivert Lithium Showing on First Gold's Pivert/Rose Rare Metals Property; the Lac Pivert West Claim Block (2 claims; 106 hectares for 1.1 km²) between First Gold's Lac Pivert Lithium and 2.5 kilometres from their new Rose Lithium-Rubidium Discovery; the Stairs Claim Block (43 claims; 2,282 hectares for 22.8 km²) immediately contiguous to the southwest of First Gold's Rose Lithium-Rubidium Discovery; and the Pivert East #1 Claim Block (36 claims; 1,924 hectares for 19.2 km²) immediately contiguous to and northeast of the Pivert East #2 Claim Block. The Property is easily accessible via an extensive road and trail network.
First Gold previously announced surface sampling and diamond drilling results (on adjacent claims) with significant quantities of the Rare Metals Lithium, Rubidium, Tantalum, Beryllium, Niobium, Cesium and Gallium. Surface grab sampling yielded 4.6% Li₂O, 390 g/t Rubidium, 1.4 g/t Tantalum, 67.7 g/t Niobium, 106.5 g/t Gallium, 90 g/t Beryllium (#430917); and in drilling up to 21.45 m (true width) yielding 1.22% Li₂O, 2,983 g/r Rubidium, 206 g/t Ta₂O₅, 139 g/t Beryllium, 117 g/t Cesium and 78 g/t Gallium (LR-10-75). Mineralization occurs at surface in near horizontal spodumene-bearing intrusives. The company recently announced the discovery of additional showings and is slated to release compliant Mineral Resources for their property by year end (www.firstgoldexploration.com).


Earlier work by the Ministère des ressources naturelles et de la faune Québec (Boisvert, 1989) describes the Property area as containing irregular but generally continuous lenses of pegmatites within the host biotite schists. Individual pegmatites can attain up to 60 m in width and more than 100 m in length, collectively forming part of a much larger bodies having kilometric lengths and widths up to 300 m. Additional work uncovered a number of Lithium showings in the region with a similar metallogenic context to Lithium One's Cyr Lithium Property and First Gold's Pivert/Rose Rare Metals Property, where irregular but generally continuous spodumene (a lithium bearing aluminum silicate) bearing pegmatites occur.
Historical work on Cyr Lithium Property has demonstrated significant Lithium potential, identifying a resource potential* of 12 million tonnes (45,000 m² by 100 m deep) grading 1.7% Li₂O (www.lithium1.com). A resource potential estimate should not be relied on and is not considered National Instrument ("NI") 43-101 compliant. A Qualified Person has not reviewed and evaluated the resource potential to outline NI 43-101 Mineral Resources. It is uncertain that any future exploration and development work will result in any of the resource potential to be considered as NI 43-101 Mineral Resources. A resource potential estimate should only be considered as an indication of mineralization.
About Jourdan Resources
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JRN on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, development and if, as the case may be, the operation of mining properties in strategic Uranium and Rare Metals or High Technology Metals ("HTM's") sectors of eastern Canada. The Company's properties are currently at the exploration stage along the Lower North Shore, the Mauricie and now the James Bay regions of Quebec.
The technical information in this news release was approved by Mr. Jean Lafleur, M. Sc., P. Geo., Technical Advisor to the President and CEO of JOURDAN, and a Qualified Person under NI 43-101 regulations.
Please visit the Company's website at www.jourdan.ca, and you can also download Jourdan's Corporate Summary at www.jourdan.ca/jrn.pdf.
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. Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.
To view the location map of JOURDAN Resources Inc.'s Pivert-Stairs Rare Metals Property in the James Bay Mining District of northern Quebec, please visit the following link:

For more information, please contact
Emilien Seguin
President and CEO, Director
450-670-5224
514-787-1457 (FAX)
or
Guy Girard
VP Finance, Director
514-798-1290
514-787-1457 (FAX)
info.jourdan.ca

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(TSX:IRD) News ; IRD Announces New Contract Awarded in Mongolia Valued at CDN $769,000

(TSX:IRD)  News ;  IRD Announces New Contract Awarded in Mongolia Valued at CDN $769,000

SASKATOON, SASKATCHEWAN--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 29, 2010) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today that it has been awarded a new contract in Mongolia by MCS Electronics valued at CAD $769,000. The project involves the supply and installation of IRD's Weigh-in-Motion and toll collection systems along the Tavan Tolgoi – Gashuun Sukhait toll road, a crucial route being used to enhance mining development and expansion in the Gobi region bordering China. The toll road is built to transport coal to China from the Ukhaa Khudag (UHG) coal deposit, a high quality coal deposit in Mongolia.
The contract involves the supply of a toll system at 4 plazas as well as 4 pre-selection slow speed Weigh-in-Motion sorting systems to keep overloaded trucks off the road. Further, the contract involves the use of RFID tags and readers to collect tolls from the trucks using the toll way. All over-weight trucks will be prevented from using the toll road. MCS Electronics will act as the contractor for this project which is scheduled to be commissioned in early 2011.
"We are extremely pleased to be extending our presence in Asia with this important new contract," commented Terry Bergan, President and Chief Executive Officer of IRD. "Our installed solution will ensure proper asset management of the toll road and provide suitable monitoring and screening to assist with proper operations and management of this important transportation link between Mongolia and China."
About IRD
IRD is a highway traffic management technology company specializing in supplying products and systems to the global Intelligent Transportation Systems (ITS) industry. IRD is a North American company based in Saskatoon, Saskatchewan Canada with sales and service offices throughout the United States and overseas. Private corporations, transportation agencies and highway authorities around the world use IRD's products and advanced systems to manage and protect their highway infrastructures.
About MCS Electronics
MCS Electronics is a leading Systems Integrator Company that owns the largest market share in Mongolia's ICT industry and has implemented several long term and large scale ICT and industrial automation projects in the region over the past thirteen years.
The Company's shares trade on the Toronto Stock Exchange under the symbol IRD.
IRD is listed on the TSX - trading symbol - IRD

For more information, please contact

International Road Dynamics Inc.
Terry Bergan
President & CEO
(306) 653-6600 or U.S. (303) 355-5998
or
International Road Dynamics Inc.
Francine Senecal-Lepage
Investor Relations
(306) 653-6603
(306) 653-6609 (FAX)
irdir@irdinc.com
www.irdinc.com

 

 

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(TSX VENTURE:TUF)  News; Honey Badger Exploration and Entree Gold Provide Exploration Update

TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 29, 2010) - Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("Honey Badger" or the "Company") announces that Entrée Gold, the operator for Honey Badger's Blackjack Property, has provided an update on the on-going exploration program in the Yerington district of Nevada. The exploration to date has confirmed the presence of copper mineralization on the Blackjack Property.


In 2009, Honey Badger entered into an option agreement with Entrée Gold Inc. (TSX:ETG)(NYSE Amex:EGI)(FRANKFURT:EKA)  ("Entrée") for the Blackjack property, a large property immediately contiguous to PacMag's Ann Mason project, and the Roulette Property (an option agreement property between Bronco Creek Exploration Inc., and Entrée) in the developing Yerington copper camp of western Nevada.
The Blackjack property lies immediately to the west of Ann Mason and to the north of the Roulette. Drilling commenced in June to test several anomalies first outlined by a GeoTech AirMT geophysical survey completed in 2009, as well as recent IP results and anomalous copper geochemistry interpreted to represent the continuation of the Blue Hill oxide copper zone across the property boundary from Ann Mason. Seven holes totaling 2,820 metres have been completed. One of the holes (EG-B-10-001), sited to test an AirMt target and coincident IP anomaly, intersected stringers of chalcopyrite in rocks below a shallow-dipping fault. The presence of copper mineralization associated with this IP anomaly is an important development. Although offset by faulting, the IP anomaly extends 5 kilometres west and southwest from EG-B-10-001. Five of the Blackjack holes were sited on the possible westward extension of the Blue Hill zone of mineralization; the upper portions of all five holes are strongly oxidized and iron-rich, with occasional oxide copper minerals noted. Full assay results are pending.
The Ann Mason property was acquired by Entrée through a recent merger with PacMag Metals. The property hosts a major inferred sulphide copper resource of 810 million tonnes grading 0.40% Cu (7+ billion pounds of contained copper) in the Ann Mason deposit. Compilation of previous drilling done over Ann Mason suggests there is room to expand the current resource to the west (towards and onto the Blackjack Property) and northwest. Further information about the Ann Mason deposit can be found in the company's technical report on www.sedar.com.



In addition, potential exists for shallow oxide copper resources and additional sulphide mineralization in separate zones at Blue Hill. Reverse circulation drilling is currently underway by Entrée at Blue Hill (on the PacMag property), with 14 of the planned 20 holes totaling 2,364 metres completed to date. Initial assay results confirm the presence of a near surface zone of oxide copper mineralization, which will be better defined by the current drill program. Visual identification of copper sulphide mineralization at the bottom of several drill holes indicates the Blue Hill sulphide zone, first discovered in PacMag holes BH08001 and BH08003 can, with additional core drilling, be extended 600 metres or more southwest of the two discovery holes. The Blue Hill sulphide mineralization remains open to the northeast, southeast and at depth.
With the following results, the copper mineralization defined to date confirms the Company's belief that Yerington has the potential for additional undiscovered copper deposits.
About Honey Badger Exploration Inc.
Honey Badger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's current exploration projects are focused in the mining-friendly State of Nevada. The "Yerington Project" is a copper porphyry and skarn property near the town of Yerington, and positions the Company for new exploration in prolific copper districts. The Company's common shares trade on the TSX Venture Exchange under the symbol "TUF".
For more information, please visit our website at http://www.honeybadgerexp.com.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

For more information, please contact
Honey Badger Exploration Inc.
Brent Nykoliation
Vice President of Business Development
(416) 364-7029
(416) 364-2753 (FAX)
bnykoliation@HoneyBadgerexp.com
or
Honey Badger Exploration Inc.
Kirk McKinnon
President & CEO
(416) 364-7029
or
Honey Badger Exploration Inc.
Richard Schler
Chief Operating Officer & CEO
(416) 364-7029

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(TSX:VG)(FRANKFURT:VN3)(OTCQX:VGGCF) News; VG Gold and Lexam Explorations to Combine

Rob McEwen to Invest Additional $5 Million in New Company
Timmins Focused, Excellent Projects and Strong Treasury

TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog _  - Sept. 29, 2010 - VG GOLD CORP. (TSX:VG)(FRANKFURT:VN3)(OTCQX:VGGCF) and LEXAM EXPLORATIONS INC. (TSX VENTURE:LEX) are pleased to announce that they have reached an agreement in principle to combine the two companies to create a well funded exploration company focused on the Timmins mining camp in Northern Ontario. The combination would be effected through a Plan of Arrangement under which common shareholders of VG Gold would receive one common share of the combined company for every common share of VG Gold currently held, and common shareholders of Lexam would receive 2.1 common shares of the combined company for every common share of Lexam currently held. Under the proposed transaction, Rob McEwen, the current Chairman and CEO of Lexam, would acquire a major stake in the combined company through a private placement of $5 million and his current 49% percent ownership interest in Lexam. Rob McEwen will become the Chairman of the combined company and Tom Meredith, the current President and CEO of VG Gold, will hold those positions in the combined company.
Highlights of the combined company would include:

• Strategic land position: Well positioned around Goldcorp's Dome Mine that has produced 17 million ounces of gold.
• Growing resource base with initial Paymaster West estimate due at year-end.
• Aggressive exploration: $10.0 million exploration program over next twelve months.
• Strong treasury: Approximately $15.0 million in cash and no debt.
• Attractive valuation versus Timmins peer group.
• Combined company to be named "Lexam VG Gold Inc."

"Northern Ontario is an area that has been particularly kind to me and I am a firm believer that there remains a lot more gold to be found. By combining VG Gold and Lexam we are creating a vehicle that has excellent properties and a strong treasury, enabling the company to aggressively explore for the next major gold discovery," stated Rob McEwen, Chairman and CEO of Lexam.
"The combination of VG Gold and Lexam creates a compelling opportunity for shareholders of both companies! The addition of Rob McEwen as Lexam VG Gold's Chairman is a testament to the value enhancing opportunities that exist before the combined company," stated Tom Meredith, President and CEO of VG Gold.
The share ratio under the proposed transaction represents an approximate share value equal to $1.01 per Lexam common share based on VG Gold's closing market price on September 28, 2010. This amount represents an approximate 10% premium over Lexam's Net Asset Value. The calculation of Lexam's Net Asset Value excludes the company's Baca Oil and Gas and Otish Uranium projects.
The transaction is subject to board approval of a definitive agreement between VG Gold and Lexam, the satisfactory completion of due diligence investigations and the receipt of an opinion by each company's financial advisors that the consideration offered under the offer is fair, from a financial point of view, to its shareholders. In addition, an independent valuation for the benefit of VG Gold shareholders will be completed. VG Gold and Lexam have agreed to negotiate exclusively with each other for 21 days.
Under the terms of the agreement in principle, Rob McEwen will invest $5 million in the combined company by way of private placement of 10,416,667 common shares at $0.48 per share plus, for each common share purchased in the private placement, a two-year half-warrant, with each full warrant exercise price of $1.00. After completion of the Plan of Arrangement and private placement, Mr. McEwen will personally own approximately 28% of the combined company's outstanding shares and 30% on a partially diluted basis assuming exercise of the warrants.
The following table illustrates on a pro-forma basis, the share structure of the combined company after giving effect to the proposed transaction and Mr. McEwen's private placement:

VG Gold common shares outstanding	180,378,727
Shares issuable in exchange for Lexam common shares (+)	101,848,503
Shares of VG Gold owned by Lexam to be cancelled (-)	(75,000,000)
Shares issued to Rob McEwen in $5 million private placement (+)	10,416,667
Pro-forma common shares outstanding	217,643,897
VG Gold warrants outstanding	5,340,750
VG Gold options outstanding	4,325,000
VG Gold warrants to Rob McEwen in $5 million private placement	5,208,333
Lexam options converted into VG Gold options	525,000
Pro-Forma fully diluted shares	233,042,980

SHAREHOLDER AND REGULATORY APPROVALS
If a definitive agreement is reached, the transaction will be conditional on VG Gold obtaining majority of minority shareholder approval for VG Gold, meaning approval of more than 50% of the shares voted, excluding shares held by Lexam, its insiders and other parties related to Lexam. The transaction is also conditional upon Lexam obtaining 66-2/3% approval from shareholders and other customary conditions. In addition, both companies would be entitled to a termination fee of $1.25 million upon the occurrence of customary termination fee events, including the termination of the definitive agreement by either company in order to enter into a superior proposal with a third party.
The transaction is also subject to all applicable regulatory approvals, including stock exchange approval.
Boards of both companies have established committees of independent directors to evaluate the combination and make a recommendation to their respective full board of directors.


CAUTIONARY STATEMENT
Some of the statements contained in this release are "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: ability to raise financing for further exploration and development activities; risks as to business integration; risks relating to estimates of reserves, deposits and production costs; extraction and development risks; the risk of commodity price fluctuations; political, regulatory and environmental risks; and other risks and uncertainties in the reports and disclosure documents filed by VG Gold and Lexam from time-to-time with Canadian securities regulatory authorities. The companies disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX nor the TSX-Venture has reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

For more information, please contact
VG Gold Corp.
Tom Meredith
President & CEO
(416) 368-0099
(416) 368-1539 (FAX)
vgir@vggoldcorp.com
www.vggoldcorp.com
or
Lexam Explorations Inc.
Daniela Ozersky
Manager, Investor Relations
(647) 258-0395 or Toll Free: (866) 441-0690
(647) 258-0408 (FAX)
info@lexamexplorations.com
www.lexamexplorations.com

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