Mining Stocks; YALE (TSX-V: YLL) Provides Update on Exploration Activities

Mining Stocks; YALE (TSX-V: YLL) Provides Update on Exploration Activities

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October 6, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to provide an update on the Company's latest exploration activities and the status of projects. The Company has recently finished working on multiple properties in advance of the upcoming drill program on the Guadalupe Property.

Tenoriba:

The initial work program at the recently acquired Tenoriba Project has been completed with the goal of following up on the Company's evaluation visit of the property. Company staff visited a total of six areas but concentrated on the La Verde and Moreno targets, which are the most advanced but have yet to be drilled.

In addition, the drill pads of each of the previous 15 drill holes drilled by the previous operator were visited with the goal of trying to understand the rational for their locations. It is now apparent that several holes were either drilled parallel to or away from surface exposures of mineralization.

Another of the primary goals of this initial work program was to confirm the presence of ‘vuggy silica' that had been mentioned in previous work. Vuggy silica is often an important texture in epithermal systems and can be associated with the higher grade core of these styles of mineralization. Vuggy silica has been confirmed in three target areas including the La Verde and Moreno targets (previously sampled on surface but not drilled). The third location with vuggy silica was tested with drill hole DH-07, which returned 45.90 grams per tonne gold over 1.9 metres at a down hole depth of 62.8 m (see news release dated July 27, 2010).

Samples have been submitted to the lab for analysis and results are anticipated in two to three weeks.

Dos Naciones:

38 samples from a recently completed field program at Dos Naciones have now been submitted to the lab for analysis. The samples are from a work program that concentrated on the La Josefina silver/lead target in the approximate centre of the property. Fieldwork was successful in identifying multiple new exposures of veins as well as a historic working that was previously unknown. The Josefina Target now consists of a series of at least six sub-parallel veins with the core of the silver/lead system having been traced along surface for approximately 600 metres along strike and over 250 metres wide.

This work was completed on behalf our partner Del Toro Silver Corp. who must spend a total of US $400,000 on the project before July 7, 2011. It is anticipated that additional work will be completed at Dos Naciones in the coming months.

Urique:

The Company has terminated the option agreement with American Sierra Gold Corp. for the Urique Property for failure to fulfill certain financial obligations as outlined in the agreement.

During the length of the agreement there were approximately US$ 350,000 spent as Expenditures related to the property and Yale received approximately US$ 110,000 in cash. In addition, Yale was able to purchase a 100% interest in the property as well as discover a significant new gold-rich zone within the El Rosario target utilizing funds provided by our partner.

The Urique Property is 100% owned and controlled by Yale and the Company will now be seeking another partner to advance the project further.

About Yale Resources:

Yale Resources is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non-optioned properties as well as reviewing new projects with a focus on gold.

Samples from the Guadalupe property were prepared and analyzed by Stewart Labs in their facilities in Mexico and Kamloops, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.

Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Guadalupe property. The Guadalupe property is an early stage project with no reported resources that requires additional sampling and geological mapping to fully determine the project's potential.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
President

For additional information on Yale Resources please call the Company at 604-678-2531.

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. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Contact:

Yale Resources
Cary Martin, 604-678-2531 ext. 223.

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Copper-molybdenum Stocks; Redhawk (TSX VENTURE:RDK) Intersects Significant Mineralization in New Targets at Copper Creek

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog)- Oct. 5, 2010) - Redhawk Resources, Inc. (TSX VENTURE:RDK)(FRANKFURT:QF7) -

• Drill Hole REX 10-046 intersected 13.5 feet of 0.85% Cu and 4 feet of 1.59% Cu
• Three additional rotary pre collar holes are complete
• Diamond drilling has started on the second hole
• Targets are 1 to 2 km away from the known porphyry style resources

Redhawk Resources, Inc. ("Redhawk" or the "Company") is pleased to announce that is has successfully intersected significant mineralization in its first district exploration drill hole designed to test new target areas and concepts in areas with no previous drilling. The first hole encountering this mineralization is over one kilometer from the nearest defined resource on the Copper Creek property, indicating the potential for significant expansion within the district. The mineralization is of particular importance as it is contained in mafic host rocks that in many well known porphyry systems such as Resolution and Sierra Gorda have been shown to have resource grades substantially higher than the main intrusive body.
Copper Creek covers approximately seven square miles. Almost all drilling to date has been focused on approximately 20% of the property and has resulted in a substantial resource hosted in intrusive rocks. As announced in May 2010, the Company is undertaking a five hole drill program on previously untested areas in the Copper Creek District with potential to host higher grade mineralization in mafic host rocks, such as andesite, diabase and gabbro in addition to the intrusive. All new areas being explored are well removed from the current resources and historical district exploration holes. The intent of the program is to show the upside potential for larger and additional resources in the entire district as well as higher grade resources in different host rocks.
The first hole of the five hole program is hole REX-10-046 which was drilled in the SW portion of the property approximately 3200 feet (~1000 meters) from the nearest resources and 1700 feet (~520 meters) from the nearest historical drill hole. Based on still incomplete assays from this hole, the better drill intercepts are listed below.

Hole ID	From feet	To feet	Interval feet	Cu%	Mo%	Ag opt
REX-10-046	3174	3197	23	0.32	0.001	0.05
	3562	3567	5	0.62	0.005	0.08
	3580.5	3594	13.5	0.85	0.001	0.14
Including	3590	3594	4	1.59	0.001	0.24
	3715	3722	7	0.58	0.033	0.11

REX-10-046 was drilled vertically with rotary from 0 to 953 feet and core from 953 to the total depth of 3956.5 feet (1206 meters). True thicknesses have not been determined. The first two intercepts shown above are contained in andesitic volcanics and confirm the potential for the mafic rocks in the district to host significant and possibly economic mineralization. Redhawk believes this first drill hole has demonstrated a vastly increased area within the district, outside current resource areas, with excellent exploration potential and which to date has had little or no historical drilling.
Joe Sandberg, President of Redhawk stated: "We have successfully achieved one of the primary goals of this drilling program in that the first hole of our five hole program has proven our concept of mineralization in higher grade host rocks and in different formations than our existing resources. The magnitude of the potential at Copper Creek increases dramatically when you consider that this first hole is over 1,000 meters from our current 43-101 resource which is contained in an area measuring approximately 1,275 by 750 meters. The remaining four holes on this exploratory expansion program have the same focus but are in different areas well away from the historically explored portion of Copper Creek."
Three additional exploration holes have been pre-collared with rotary drilling and a fourth is in progress. One rotary pre-collar hole is currently being deepened with core drilling and the others are scheduled for deepening with core drilling.
R. Joe Sandberg, CPG, Redhawk's President, CEO and a Qualified Person under the meaning of NI 43-101, is responsible for the technical content of this news release.
All core samples are picked up on site by Redhawk geologists or delivered by the drillers to Redhawk personnel. All samples are delivered by Redhawk personnel to ALS Laboratory Group ISO 9001:2000 & ISO 17025 in Elko, NV or Reno, NV for assay or to Jacobs Assay Office Registered Assayers in Tucson, AZ for sample preparation to pulps and shipped by Jacobs using UPS to ALS in Reno, NV. Check assay standards are submitted with assay jobs, and reviewed for accuracy.
About Redhawk
Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona.
The 100% owned Copper Creek property consists of approximately seven square miles of almost totally contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about 15 miles east of San Manuel. The property is in the prolific southwest US porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo/San Manuel copper smelter and mine and within 30 miles of an existing operating copper smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure.
ON BEHALF OF THE BOARD
"R. Joe Sandberg"
R. Joe Sandberg, President & CEO
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Redhawk does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Redhawk to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
Redhawk Resources, Inc.
J. Stephen Barley
Managing Director
604.633.5088
inquiries@redhawkresources.com
www.redhawkresources.com
or
Redhawk Resources, Inc.
Tasso Baras
Investor Relations
604-738-3882 or Toll Free: 1-877-738-3882

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Mining Stocks; Avrupa Minerals (TSX VENTURE:AVU)Commences Work at Covas Tungsten Project in Portugal

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog )  - Oct. 5, 2010) - Avrupa Minerals Ltd. (TSX VENTURE:AVU) is pleased to announce the commencement of fieldwork to upgrade their Covas tungsten project in northern Portugal, near the border town of Caminha. The work plan consists of collecting and geochemically analyzing 250-300 soil samples located in a 3.5 x 2.0 kilometer grid covering the project area.
The Covas project consists of a ring of wolframite- and scheelite-bearing skarn deposits surrounding an uplifted complex of multiple granitic intrusive bodies covered by metamorphosed sedimentary rocks. Known high grade skarn mineralization is located in a specific limey stratigraphic horizon that surrounds the intrusion complex, known as the Covas Dome. The source of tungsten skarn mineralization is probably related to emplacement of one or more of the intrusive bodies. Two intersecting, regional structural features, one trending north-northwest and one trending northwest, control the emplacement of the intrusions, and thus, along with favorable host rocks, the location of skarn mineralization.
Previously, from 1951 to 1974, the skarn deposits were partially exploited by two separate mining companies in the form of two small open pits and one underground working. Records indicate that 366,170 metric tonnes, at a grade of 0.61% WO₃, were mined during this period. Scattered, non-systematic exploration by numerous companies and government organizations was performed in the skarn district from the 1920's until 1982. Various companies, particularly Union Carbide, completed 329 drill holes, totaling 26,403 meters, in the skarn zone, but tested less than 40% of the skarn target area. Due to difficult access and dense vegetation, virtually no exploration has been completed in the Covas Dome area, where the potential for discovery of large tonnage, bulk-mineable tungsten mineralization is good.
In a 1980 report, Union Carbide estimated the total "reserve of indicated and inferred ore" at Covas in eight separate skarn bodies, including dilution, to be 1,001,900 mt @ 0.67% WO₃, with a 2:1 scheelite to wolframite ratio. However, this is historical information and is not a NI-43-101 compliant resource, though the company estimate of indicated and inferred mineral resources was supported by an outside, independent evaluation at the time of the report.
Prior to purchase of the Covas property by Avrupa Minerals, the previous operator, Metallica Mining, using geological mapping, structural analysis, rock/soil/stream geochemistry, and ground magnetometry, identified up to 13 potential drilling targets in the skarn ring zone and accessible parts of the Dome area. The present work by Avrupa is directed towards the discovery of bulk-mineable tungsten mineralization in the Covas Dome. The soil grid will cover the entire dome and much of the skarn ring target area. Multi-element analyses for tungsten and other related elements will be completed by an accredited laboratory in Canada. Completion of the sample collection portion of the program is expected by late October, with results returning towards the end of November.
Avrupa Minerals is actively seeking a mining partner to help further the program and fully develop the potential of the property. Rising tungsten prices and short supply of the metal in Europe make the Covas tungsten project attractive for potential joint venture. The price of tungsten has increased by some 30% since mid-2009, and the European Union has recently published a report which describes tungsten as one of 14 critical raw materials due to their high relative economic importance and high relative supply risk.
Paul W. Kuhn, MSc, PGeo in the State of Washington, USA, President and CEO of Avrupa Minerals Ltd., and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this announcement.
Avrupa Minerals Ltd. is a growth-oriented junior exploration and development company focused on aggressive exploration, using a prospect generator model, for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal and Kosovo.
Avrupa has an exciting portfolio of exploration projects consisting of:

• Copper and Zinc in Portugal at Marateca, Alvalade, Canal Caveira, and Ferreira do Alentejo in the Iberian Pyrite Belt, where Europe's richest active copper mine is located;
• Tungsten in Portugal at the Covas prospect;
• Silver, Lead and Zinc in Kosovo at the Glavej and Kamenica properties in the Trepca Mineral Belt of the Vardar Zone, historically, Europe's most productive district for lead and zinc.

On behalf of the Board,
"Paul W. Kuhn"
Paul W. Kuhn, President & Director

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
Avrupa Minerals Ltd.
Paul W. Kuhn
President & Director
604-687-3520
604-688-3392 (FAX)

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Gold Stocks;AMI Resources Inc. (TSX.V:AMU) - New gold targets identified

Gold Stocks; AMI Resources Inc. (TSX.V:AMU) - New gold targets identified

Vancouver, B.C. - October 5, 2010 (Investorideas.com Mining Stocks Newswire) - The Company (AMI Resources Inc. - TSX-V Symbol AMU) has received from Newmont Ghana Gold Limited, a subsidiary of Newmont Mining Corporation (NYSE:NEM) an update on exploration activities with respect to Newmont’s option to earn into AMI’s Anuoro license in Ghana, West Africa.

A total of 715 soil samples were collected in the month of September to conclude the initial phase of soil sampling. A new parallel soil anomaly with maximum Au in soil value of 410 ppb and measuring, at least 1.6 km long by 0.3 km wide has been identified on the license. Infill soil lines are planned. A number of blocks of ground IP/Resistivity surveys will be conducted over both the old and new soil anomalies. This should contribute in mapping out potential mineralized structures and also better define drill targets.
Newmont has also completed 25 Reverse Circulation drill holes totaling 2,300m over untested soil anomalies which lie outside of the NI43-101 compliant 100,000 ounce Mineral Resource identified by AMI on the Anuoro North Prospect. Significant drill results from these recent holes drilled by Newmont are as follows:
Hole_Id  From  To  Width meters  Grade g/t Au
ANRC017  54.0  64.0  10.0 1.14
ANRC017  69.0  89.0  20.0 1.60
ANRC019  18.0  22.0  4.0 3.50
ANRC021  46.0  48.0 2.0 7.20
ANRC022  38.0  40.0 2.0 2.80
ANRC024  38.0  54.0 16.0 0.70
The results from this initial drill program look promising. Gold mineralization appears to be associated with pinkish feldspar and sericite alteration plus disseminated pyrites within granodioritic rocks as well as quartz veining in the Tarkwaian/Birimian sediment contact.
The Anuoro License covers 126 sq km on the Ashanti Shear and is approximately 25 km to the northwest Newmont’s Akyem gold deposit (7.7 million ounces in reserves as of the end of 2009). Newmont has the option to earn up to a 75% interest in the Anuoro license by spending US$4 million in exploration expenditures and property payments.
Simon Meadows-Smith, SEMS Exploration Services Ltd. a consulting geologist to AMI is a qualified person within the meaning of NI43-101 and has reviewed the scientific and technical information contained in this press release.
We seek safe harbour.
Contact: Dustin Elford, President (604) 669-2901
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Mining Stocks; Goldcliff Resource Corporation (TSX VENTURE:GCN) : Copper Mountain Exploration in Progress

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog - Oct. 4, 2010) - George W. Sanders, President of Goldcliff Resource Corporation (TSX VENTURE:GCN), reports that exploration work on the Copper Mountain-Tulameen project is in progress. On the Goldcliff holdings, three porphyry exploration targets have been identified that contain copper and gold mineralization similar to the Copper Mountain ore deposits. These targets require detailed ground exploration to establish drill target priority. The exploration work in progress will determine which target will be ready to drill for the next copper-gold porphyry deposit in the Princeton Copper-Gold mining district.
Goldcliff's field work is focused on the Whipsaw, Lamont and 15 Mile target areas. The Whipsaw target contains three copper showings. The Lamont target contains five copper showings and one copper-gold showing. The 15 Mile target contains silica-carbonate alteration areas associated with strongly anomalous stream sediment gold and silver values. The historic data has been geo-referenced to the geographic coordinate system (UTM-GPS) and the copper showings are being investigated for ground-truthing.
The Princeton Copper-Gold mining district hosts the historic Copper Mountain mine, which contains copper-gold porphyry-type ore. Copper Mountain Mining Corporation is restarting the mine and is currently in the construction phase. The historical production from the ore was 1.7 billion pounds of copper, 8.4 million ounces of silver and 0.62 million ounces of gold. Current measured and indicated resources are 518.6 million tons of 0.31% Cu containing 3.2 billion pounds of copper with gold-silver credits. The project is 75 per cent-owned by Copper Mountain Mining Corporation and 25 per cent-owned by Mitsubishi Materials Corporation.
The Goldcliff multi-sensor airborne geophysical survey indicates that the intrusive suite hosting the Copper Mountain deposits extend to the southwest through the Goldcliff claim block. Recent mapping by BC Geological Survey confirms that the prospective geology extends onto the Company holdings. This geologic mapping, together with the historical data, provides strong evidence of structural settings that are similar to Copper Mountain ore deposition. The Airborne geophysical signatures also indicate conductivity and alteration patterns consistent with porphyry-style mineralization at Copper Mountain.
The Goldcliff Copper Mountain-Tulameen project is a contiguous block of 56 mineral claims totalling 25,387 hectares. The claims were acquired by staking and are 100 per cent-owned by Goldcliff. The project area has established infrastructure, with the town of Princeton, British Columbia, Canada, as the centre of commercial activity. The project is situated west of Highway 3, a major route in the province of British Columbia, and contains abundant access roads. The project also has water and access to electrical power.
Leonard W. Saleken, PGeo (geologist), is the qualified person as defined by National Instrument 43-101 who supervised the preparation and verification of the technical information in this release.
GOLDCLIFF RESOURCE CORPORATION
George W. Sanders, President, Director

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release, gcnnews201011

For more information, please contact
Goldcliff Resource Corporation
George W. Sanders
President
250-764-8879 or Toll Free: 1-866-769-4802
250-764-8879 (FAX)
sanders@goldcliff.com or info@goldcliff.com
http://www.goldcliff.com/

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Gold Stocks; BCGold Corp. (TSX VENTURE:BCG) Expands Land Position at Engineer Gold Mine Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog) - Oct. 4, 2010) - BCGold Corp. (TSX VENTURE:BCG) (the "Company") is pleased to announce that it has signed an option agreement with Guardsmen Resources Inc. ("Guardsmen"), a private company registered in British Columbia, to acquire a 100% interest in Guardsmen's Gold Hill Property.
The Gold Hill Property partially surrounds BCGold Corp.'s historic Engineer Mine Property, situated 32 kilometres west of Atlin, B.C., and consists of 5 mineral claims (2,104 hectares), which include the Happy Sullivan high-grade gold epithermal prospect and a 2.2 kilometre long segment of the highly prospective Shear Zone "B" structure. (See Figure 1 attached)
This agreement, subject to TSX Venture Exchange (the "Exchange") approval, gives BCGold Corp. the option to earn a 100% interest in the Gold Hill Property over 4 years by issuing 100,000 BCGold Corp. common shares to Guardsmen within 5 days of Exchange approval, making $100,000 in staged cash payments to Guardsmen, and incurring $500,000 in exploration work the Gold Hill Property. Guardsmen retains a 2.5% net smelter return on the Gold Hill Property, which can be reduced to 0.5% by BCGold Corp. for a price of $1.5 million.
BCGold Corp. intends to conduct a property-wide soil geochemical survey on the Gold Hill Property in 2011 to target narrow-vein and bulk tonnage, shear-related gold mineralization.
High-grade and Bulk Tonnage Gold Potential
The Gold Hill Property overlays a north trending silicified shear zone (Shear Zone "B"), which measures up to 24 metres wide and extends from the northern portion of the Gold Hill Property (Happy Sullivan claim) and 3 kilometres southward, on to BCGold Corp.'s Engineer Mine Property.
The Company considers Shear Zone "B" and associated splays and fault intersections to offer excellent high-grade and bulk tonnage gold exploration potential.
"The Gold Hill Property acquisition exemplifies BCGold Corp.'s commitment to the Engineer Mine Camp", stated Brian P. Fowler, P. Geo., President and Chief Executive Officer of BCGold Corp. "The Company can now take a much broader view of the Engineer Mine gold mineralizing system and better explore its outer reaches and depth extent."
Previous Exploration Results at Gold Hill/Happy Sullivan
The Happy Sullivan prospect was explored for high-grade gold in the early 1930's by two adits and several trenches. A grab sample from a nearby quartz dump reportedly assayed 323.6 grams/tonne gold and 226.2 grams/tonne silver (British Columbia Minister of Mines Annual Report 1933, p. 81).
In Guardsmen's 2006 Prospecting and Geochemical Survey Report on the Happy Sullivan Property (http://guardsmenresources.com/TEXT/Property_Text/Engineer/Happy%20Sullivan%202007%20Assessment%20Report.pdf) the following is reported:

• Shear Zone "B" contains abundant vuggy quartz veins up to one metre wide with up to 10% disseminated arsenopyrite, pyrite, electrum and gold. 

• A 2001 trench sample from the Happy Sullivan prospect averaged 1.8 grams/tonne gold across 15 metres. 
• A number of other high-grade veins and gold showings, including the historic Sweepstake vein which measures up to 7.6 metres wide, occur peripheral to Shear Zone "B".

About the Engineer Mine Property
BCGold Corp. has an option to earn 100% interest in the Engineer Mine Property.
Engineer Mine was a high-grade gold producer that peaked in the mid-1920s and ceased production in the early 1930s, primarily due to water ingress issues. More than 560 kilograms of gold and 278 kilograms of silver were officially produced at realized grades exceeding 39 g/t gold and 20 g/t silver, respectively, from high-grade epithermal quartz-carbonate veins on six mine levels. The presence of visible gold was the primary method of identifying and following ore shoots in the veins.
Phase II Underground Drilling at Engineer Mine
BCGold Corp. is currently conducting a second phase of underground drilling at the Company's historic high-grade gold Engineer Mine. Phase II drilling is directed at further defining the geometry of high-grade gold shoots in the Engineer and Double Decker veins and upgrading and increasing the current potential mineral target at Engineer Mine to an National Instrument 43-101 compliant mineral resource estimate.
About BCGold Corp.
BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company focused on copper and gold exploration in under-explored, historic and emerging mining districts in British Columbia and Yukon. BCGold Corp. acquires and develops conceptual, early and mid-stage exploration opportunities and advances them towards resource development by using internal expertise, engaging preferred joint venture partners and creating strategic alliances with major exploration and mining companies.
Bruce Coates, P.Geo., geological consultant and a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the information of a scientific or technical nature contained in this news release.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo., President & CEO
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future payments, expenditures and unit issuances and exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing of future payments, expenditures and unit issuances and the timing and success of future exploration, development and production activities.

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
BCGold Corp.
Investor Relations
604-646-1589
info@bcgoldcorp.com
www.BCGoldcorp.com

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Gold Stocks; North Country Gold (TSX VENTURE:NCG) Grants Stock Options

Gold Stocks; North Country Gold  (TSX VENTURE:NCG) Grants Stock Options


EDMONTON, ALBERTA--(http://www.investorideas.com/ gold and mining stocks blog )  - Oct. 1, 2010) - North Country Gold Corp. (TSX VENTURE:NCG) ("North Country" and the "Company") today announced that the Company's Board of Directors has granted stock options to acquire up to an aggregate 5,750,000 common shares of North Country under the Company's stock option plan, of which 4,550,000 were granted to officers and directors. The stock options are exercisable at a price of $0.47 per common share.
About North Country Gold Corp.
North Country Gold Corp. controls one of the largest under explored greenstone belts within Canada, and has numerous drill ready high grade gold targets, in addition to those at Three Bluffs. The gold-rich Committee Bay Greenstone Belt is located approximately 300 kilometers north of Baker Lake within Nunavut Territory, Canada. North Country Gold Corp. is currently the 100% beneficial owner of the mineral rights to approximately 557,323 acres (225,569 hectares) of land comprising 216 active mineral claims and 14 mineral leases.

The Three Bluffs Gold Project currently hosts an indicated resource of 508,000 ounces (2,700,000 tonnes at 5.85 g/t Au) and an additional inferred resource of 244,000 ounces (1,270,000 tonnes at 5.98 g/t Au) at the Three Bluffs Deposit which remains open to the west and to depth. The deposit occurs at the eastern end of a package of auriferous iron formation bearing supracrustral rocks (Walker Lake Trend) that has been traced at least five kilometers west which the 2010 drilling indicates may be continuously mineralized. North Country Gold Corp. believes that significant potential exists along the Walker Lake trend and has developed a strategy to indentify additional near surface open-pittable gold resources along the strike length of the trend, which will incrementally add to the existing high grade resource inventory underpinned by the Three Bluffs Deposit.
North Country Gold Corp. is a member of the Discovery Group of companies, for more information on the group visit http://www.discoveryexp.com/.
On behalf of the Board
North Country Gold Corp.
 /s/"John Williamson"
For more information on North Country Gold, please visit the company's website: http://www.northcountrygold.com/.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at http://www.sedar.com/.

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 Country Gold Corp.
Brian Budd
Director of Corp. Development
604-646-4525
brianb@northcountrygold.com
http://www.northcountrygold.com/


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Uranium and Rare Earth Elements  Stocks; Pele Mountain (TSX VENTURE:GEM)Announces Closing of Private Placement Offering

TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog) - Oct. 1, 2010) - Pele Mountain Resources Inc. (TSX VENTURE:GEM) ("Pele" or the "Company") is pleased to announce that it has closed the second tranche of a non-brokered private placement offering (the "Offering") comprised of 3,026,664 flow-through units (the "Units") at a purchase price of $0.18 per Unit for gross proceeds of $544,800. Each Unit consists of one common share and one-half of one common share purchase warrant (a "Warrant"), with each Warrant exercisable for one common share of Pele at $0.25 until April 1, 2012. Pele announced the closing of the first tranche on September 30, 2010.
In connection with the Offering, the Company paid eligible persons (the "Finders") a cash fee of 7% of the gross proceeds raised through each Finder and also issued compensation warrants equal to 7% of the total number of Units (the "Compensation Warrants") issued through each Finder under the Offering. Each Compensation Warrant is exercisable for one common share of Pele at $0.25 until April 1, 2012. On closing, the Company paid an aggregate amount of $15,820 in cash fees to the Finders and issued an aggregate of 87,889 Compensation Warrants.



The securities issued pursuant to the Offering will all be subject to a four (4) month statutory hold commencing from the date of issuance. The Offering is subject to TSX Venture Exchange acceptance of requisite regulatory filings.
All proceeds raised from the sale of Units will be used by Pele to finance qualified Canadian exploration and development expenditures on its Canadian resource properties.
About Pele
Pele Mountain Resources is focused on the sustainable development of its Eco Ridge Mine Uranium and Rare Earth Elements ("REE") project, located in the Elliot Lake mining camp of Northern Ontario. Pele's expert team of technical personnel, advisors, and consultants is working to optimize mining, processing, and waste management techniques at Eco Ridge. With well-understood geology, excellent regional infrastructure, and strong local support, Eco Ridge provides an ideal location for a safe, secure, and reliable long-term supply of Uranium and REE. Additionally, Pele has, or is actively seeking, qualified strategic partners to advance its other high-potential exploration projects, including high-grade gold properties at Highland and Ardeen. Pele's shares are listed on the TSX Venture Exchange under the symbol "GEM".


Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.
Common Shares Outstanding: 116,672,572

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
Pele Mountain Resources Inc.
Al Shefsky
President
(800) 315-7353
www.pelemountain.com

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TSX Venture Exchange Closing Summary October 1, 2010: Most active by Volume includes Beaufield Resources (BFD) and Gran Colombia Gold Corp. wt

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 369.8 million shares worth 213.4 million dollars.

There were 530 advances, 328 declines and 483 issues unchanged.

The S&P/TSX Venture Composite Index closed up 36.53 at 1744.79

Most Active Issues by Volume

Volume       Name                                     Symbol   Close  Change

22,746,986   Beaufield Resources Inc. (Ressources Be     BFD  $0.450 -$0.230
15,088,800   Gran Colombia Gold Corp. wt ex 24aug     GCM.WT  $0.140  $0.005
7,679,633    Gastem Inc.                                 GMR  $0.220 -$0.080
7,089,677    Woulfe Mining Corp.                         WOF  $0.115  $0.010
6,152,394    Ithaca Energy Inc.                          IAE  $2.070  $0.220
5,389,340    Canacol Energy Ltd.                         CNE  $1.370  $0.070
5,199,920    Alange Energy Corp.                         ALE  $0.465  $0.040
5,136,450    Habanero Resources Inc.                     HAO  $0.115  $0.010
4,843,296    Terrane Metals Corp.                        TRX  $1.480  $0.000
4,776,395    Adventure Gold Inc.                         AGE  $0.340  $0.080


Most Active Securities by Value

Value        Security Name                            Symbol   Close  Change

$12,256,438  Ithaca Energy Inc.                          IAE  $2.070  $0.220
$11,564,824  CanElson Drilling Inc.                      CDI  $2.850  $0.150
$11,010,263  Beaufield Resources Inc. (Ressources Be     BFD  $0.450 -$0.230
$8,693,948   San Gold Corporation                        SGR  $3.350  $0.080
$7,490,682   GASFRAC Energy Services Inc.                GFS  $6.880  $0.730
$7,297,444   Canacol Energy Ltd.                         CNE  $1.370  $0.070
$7,077,465   Terrane Metals Corp.                        TRX  $1.480  $0.000
$3,926,066   Arcan Resources Ltd.                        ARN  $5.010  $0.310
$3,696,845   Pan Orient Energy Corp.                     POE  $7.810  $0.340
$3,451,602   Coastal Energy Company                      CEN  $4.100  $0.100

NEX Closing Summary for October 1, 2010

Trading was moderate on a volume of 2.37 million shares worth 0.23 million dollars.

There were 8 advances, 4 declines and 14 issues unchanged.

Most Active Issues by Volume

Volume       Name                                     Symbol   Close  Change

645,950      First Metals Inc.                         FMA.H  $0.005 -$0.005
407,700      Sphere Resources Inc.                     SPH.H  $0.015 -$0.005
392,000      Canamex Silver Corp.                      CSQ.H  $0.075  $0.020
274,800      Cheetah Ventures Ltd.                     CHV.H  $0.310  $0.020
177,846      Mira Resources Corp.                      MRP.H  $0.300  $0.040
103,000      Ballyliffin Capital Corp.                 BLL.H  $0.145 -$0.005
60,900       Zaruma Resources Inc.                     ZMR.H  $0.065  $0.010
60,386       Regency Gold Corp.                        RAU.H  $0.145  $0.000
45,000       Voice Mobility International, Inc.        VMY.H  $0.040 -$0.005
33,500       Mazarin Inc.                              MAZ.H  $0.035  $0.015


Most Active Securities by Value

Value        Security Name                            Symbol   Close  Change

$83,023      Cheetah Ventures Ltd.                     CHV.H  $0.310  $0.020
$51,628      Mira Resources Corp.                      MRP.H  $0.300  $0.040
$27,845      Canamex Silver Corp.                      CSQ.H  $0.075  $0.020
$15,475      Ballyliffin Capital Corp.                 BLL.H  $0.145 -$0.005
$8,756       Regency Gold Corp.                        RAU.H  $0.145  $0.000
$6,141       Sphere Resources Inc.                     SPH.H  $0.015 -$0.005
$5,650       Chantrell Ventures Corp.                   CV.H  $0.400  $0.085
$5,070       First Metals Inc.                         FMA.H  $0.005 -$0.005
$4,290       Match Capital Resources Corporation       MHC.H  $0.330 -$0.020
$3,750       Citadel Gold Mines Inc.                   CGM.H  $0.125  $0.000

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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(TSX VENTURE:CED) News; Cedar Mountain Exploration Attracts Alaskan Expert

(TSX VENTURE:CED) News; Cedar Mountain Exploration Attracts Alaskan Expert

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

(http://www.investorideas.com/  gold and mining stocks blog ) Mountain Exploration Inc. ("Cedar") (TSX VENTURE:CED) is pleased to welcome Travis Hudson, Ph.D. to its technical team as senior geoscientist for the Kelly Creek Project in Alaska.
Cedar's Chairman, CEO and President, Charles Chebry, stated, "Dr. Hudson is the foremost authority on the geology of our project area. He has been an important part of our project team to date and his agreement to join our group is an important significant strategic step in the advancement of the Kelly Creek Project. The addition of Dr. Hudson coincides with the departure of our interim Vice President of Exploration, David Clarke who ran the field program this year. We would like to thank David for his contribution and wish him well in his future endeavors."
Travis L. Hudson received his Ph.D. in geology from Stanford University in 1976. His work in Alaska has included 24 field seasons investigating regional geology, active tectonics, mineral deposits, and petroleum systems. Mineral deposit studies have included prospect evaluation, generative exploration project development and management, mineral resource assessment, and marketing of prospects and exploration programs. Dr. Hudson is a member of the Society of Economic Geologists, the American Association of Petroleum Geologists, and a fellow of the Geological Society of America. He is a registered geologist in the state of Washington.


The Property
The Kelly Creek Property located on the Seward Peninsula in Alaska's prolific Nome mining district. Kelly Creek is a drill-permitted early-stage gold exploration property comprising 32,640 acres (13,209 hectares). Historic results indicate the presence of a sediment-hosted gold deposit within a mining district that has historically recorded placer gold production of 5 million ounces.


Cedar is a member of the Discovery Group of Companies: http://www.discoveryexp.com/
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at http://www.sedar.com/

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
Cedar Mountain Exploration Inc.
Charles Chebry, B.Sc., CMA
Chief Executive Officer
(403) 283-0001
charles@chebry.com
http://www.cedarmountainexp.com/



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Gold Stocks on the Move: OTC Trading Alert ($0.50-$1.00): (OTCBB: BULM, SILA, PRWP, PTSEF)

Gold Stocks on the Move: OTC Trading Alert ($0.50-$1.00): (OTCBB: BULM, SILA, PRWP, PTSEF)

Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS


Point Roberts, WA (Investorideas.com Newswire) - OTC VOLUME LEADERS (http://www.otcvolumeleaders.com/ ) reports on the most active trading stocks on the OTCBB for interested small cap investors. OTC Volume leaders ($0.50-$1.00) include Bullion Monarch Mining, Inc (OTCBB: BULM), Gold American Mining Corp. (OTCBB: SILA), Pro-Pharmaceuticals Inc. (OTCBB: PRWP), and Points International Ltd. (OTCBB: PTSEF).
  


Sign up at OTC Volume leaders and get access to info on hundreds of the most active OTCBB companies by clicking the sign up link below
http://bit.ly/otcvolumeleaders



OTC/Market Commentary:
One of the OTCBB volume leader reports; Recent News; "Bullion Monarch Mining Inc. announces that the directors have recently received an unsolicited offer from Eurasian Minerals Inc., a Toronto Venture Exchange listed company, to acquire all of the outstanding securities of Bullion Monarch in exchange for shares of Eurasian Minerals at a significant premium to Bullion Monarch's current market price."
Full Article: http://finance.yahoo.com/news/Bullion-Monarch-Mining-iw-3621432435.html?x=0&.v=1

(OTCBB: AQUM)Market Snapshot: (at time of release)
Dow 10,818.06 +30.01 +0.28%
Nasdaq 2,366.61 -2.01 -0.08%
S&P 500 1,144.42 +3.22 +0.28%
10 Yr Bond(%) 2.5380% +0.2100
Oil 81.07 +1.10 +1.38%
Gold 1,316.00 +8.20 +0.63%



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Supatcha Resources (OTC Bulletin Board: SAEI.OB)  Signs Definitive Agreement and Acquires Maiskoe Gold Mine

DENVER, Sept. 29 /(http://www.investorideas.com/ gold and mining stocks blog )  -- Supatcha Resources Inc. (OTC Bulletin Board: SAEI.OB) ("Supatcha" or the "Company") announces today it has signed a definitive agreement to acquire a 98% interest in the Maiskoe Gold licenses in Odessa Oblast, Savaransky District, Southern Ukraine.

Supatcha will pay the owners of the property a total of US$3,500,000 and will own 98% of the mine (including all of the capital equipment) and the mineral concessions. Supatcha has also agreed to invest a further US$2,800,000 in expanding the current operation over the next year. Prior to the acquisition, the Company already had several preliminary funding commitments based on the strong merits and history of the concessions.



The property was explored previously by a number of companies and previous drilling indicated geology finds that are favorable for a potential large Gold deposit. The initial drilling done in 1999 indicated gold mineralization in a number of drill holes. Further in 2001, a magnetic/electromagnetic geophysical airborne survey was also conducted over the property and identified several major mineralization areas of interest. Supatcha management has carefully procured significant relationships in the property area, over the last several years, to bring the necessary parties together to successfully continue the development of this high potential gold property and facility. Additionally, the property development plan completed on the Maiskoe as part of the due diligence process has recommended that a drill program for a total of 2000 meters be undertaken. Supatcha has committed to complete the recommended drill program and is currently in discussions to confirm equipment mobilization and drilling dates.




About Supatcha Resources Inc. (OTCBB: SAEI.OB)

Supatcha Resources Inc. is a gold exploration company focused on acquiring and developing mineral properties in Ukraine. Supatcha is in the final stages of acquiring two additional gold mining projects, with world-class potential, in southwestern Ukraine.

Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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. 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 mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. 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 the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that 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-KSB for the last reported fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.




SOURCE Supatcha Resources Inc.


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Creso Exploration (TSX VENTURE:CXT) (FRANKFURT:C3X)  Closes $1.5 Million Private Placement Financing With Franco-Nevada

MONTREAL, QUEBEC--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 30, 2010) - Creso Exploration Inc. ("Creso" or the "Corporation") (TSX VENTURE:CXT) (FRANKFURT:C3X) reports that it has closed the previously announced non-brokered private placement by Franco-Nevada Corporation ("Franco") (TSX: FNV). Creso issued 1,415,094 common shares at a price of $1.06 for an amount of $1,500,000. The purchase price was set at a 15% premium over the 20-day volume weighted-average market price prior to the announcement of the private placement on September 21, 2010. See press release issued on that date.


As part of the private placement, Franco is granted an option ("Option") to purchase a perpetual 2% Net Smelter Return royalty on gold and other minerals produced from the Property. The Option may be exercised within sixty days following the date on which (i) a decision is made to construct a mine by Creso and (ii) the planned mine is fully financed either with cash on hand or a firm commitment of bank financing. The exercise price of the Option is determined to be equal to the after-tax net present value of the royalty revenue calculated using a 6.5% discount rate applied to the base case model assumptions in the feasibility study used to make the decision to construct and finance the mine.


Creso also announces that the TSX Venture Exchange has approved the re-repurchase by the Corporation of the right of first refusal ("Right of First Refusal") previously granted to Anglo Pacific Group plc ("APG") (LSE: APF.L and TSX: APY), in respect of the grant by the Corporation of any royalties on certain properties in consideration for the issuance to APG of 500,000 common shares of Creso.
All securities issued to Franco and APG are subject to a four month hold period.

About Creso

The Corporation's principal mining exploration holdings are located in the Shining Tree mining camp of Northern Ontario within 100 km of the Timmins and Kirkland mining camps, and additional interests are held in base metal properties in Guatemala. 

About Franco-Nevada Corporation
Franco-Nevada Corporation (TSX: FNV.TO) is a gold-focused royalty company with additional interests in platinum group metals, oil and gas, and other assets. Its portfolio of high-margin cash flow producing assets is located principally in the United States, Canada, and Mexico. The Company also holds a pipeline of potential future cash flowing assets that are being developed, permitted or explored.

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
Creso Exploration Inc.
Robert Casaceli
President and CEO
514-866-6001 # 239
514-866-6193 (FAX)
scarrasco@creso.ca
or
Creso Exploration Inc.
Douglas Murray
Investor Relations
613-882-7295
613-882-7467 (FAX)
douglas2418@gmail.com
www.creso.ca

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Levon (TSX VENTURE:LVN)(BERLIN:LO9)(FRANKFURT:LO9) Begins $14M, 59,000 Metre Phase 3 Drill Program at Cordero, Chihuahua, Mexico

VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 30, 2010) - Levon Resource Ltd. ("Levon") (TSX VENTURE:LVN)(BERLIN:LO9)(FRANKFURT:LO9) is pleased to announce the start of Phase 3 drilling and exploration at the Cordero project located 35 km northeast of the town of Hildalgo Del Parral, Chihuahua, Mexico. Phase 3 addresses the expansion and exploration potential for bulk tonnage Ag, Au, Zn, Pb deposits in the Cordero Porphyry Belt covered by the property. Six mineralized intrusive centers are aligned northeast in the Belt, which has a strike length of 15 km and widths of from 3 to 5 km. Phase 1 drilling in 2009 yielded discovery holes in the Pozo de Plata Diatreme and Cordero Porphyry Target. Phase 2 offset grid drilling in 2010 expanded the discovery zones which remain open in all directions and at depth (news release of September 21, 2010).
Phase 3 drilling is designed to expand the discoveries and provide initial tests of six, outlying mine-scale targets identified in Phase 2. Mapping, sampling and geophysics will be aimed at identifying additional outlying, mine-scale targets within the Belt. Phase 3 is a $14M planned program, which includes 59,000 metres of core drilling.
Goals of the Phase 3 program are:

1. Continued definition and delineation drilling of the Pozo de Plata Diatreme and the Cordero Porphyry discoveries;
2. Completion of initial metallurgical testing, resource estimates and preliminary engineering studies on the Pozo de Plata Diatreme and Cordero Porphyry mineralization;
3. Initiate the Cordero property engineering infrastructure and base line studies;
4. Drill test the six outlying, mine-scale targets defined by Phase 2 exploration. Define and test any diatreme type targets the newly recognized Molina de Viento Caldera Diatreme Complex at the southwest end of the belt.

Core drilling is scheduled to begin on October 1, 2010 with two drills that are currently on site. A third drill is scheduled to begin by the end of October. HD Drilling, Mazatlan, Mexico has been selected as the drill contractor based on their past Cordero work. Drill hole categories include: 1) Offset definition (56 holes, 32,700 metres) 2) Deposit delineation (35 holes, 17,400 metres) and 3) Outlying exploration drill holes (16 holes, 8,800 metres).
Six Mine Scale Drill Targets
Six mine-scale drill targets have been defined on the basis of correlative geologic, soil and rock chip sample results, airborne magnetics, eletromagnetics, radiometrics and gravity anomalies. The targets are analogous with the Pozo de Plata diatreme zone, the Cordero Porphyry zone or high grade replacement deposits mined in the past in the Cordero district. The targets are within the western Pozo de Plata diatreme, the Dos Mil Diez diatreme, extensions of the Cordero Porphyry zone, and in the La Ceniza stock (target area maps and summaries are posted on the Levon website www.levon.com). Phase 3 drill holes will provide initial tests of each target.
Outlying Areas
The diatremes in the Molino de Viento Caldera Diatreme Complex were recognized in March, 2010 and the area has yet to be completely traversed. Molino de Viento is located 7 km southwest of the Dos Mil Diez Diatreme Complex and covers a circular area 5 km in diameter. Molino de Viento requires complete mapping, sampling and additional follow up geophysical surveys (3D IP and gravity) to define any drill targets. This Phase 3 field work is scheduled to start in mid-October, 2010.
"We are pleased with the current exploration and drill results at Cordero. We believe we are on track in the discovery of a major new mining district in Mexico. We have always tried to match the rate of the Cordero program with exploration results and accelerate the project accordingly. Phase 3 is aimed at defining quality Ag, Au, Zn, Pb bulk tonnage resources and resolving the Cordero upside discovery potential as soon as possible," comments Ron Tremblay, President and CEO, Levon Resources Ltd.
Corporate
Levon and Valley High Ventures, Ltd. have signed the definitive Cordero Joint Venture Agreement as of April 01, 2010 with the terms of the original letter of intent signed February 11, 2009.
Levon has set up a wholly owned Mexican subsidiary, Administración de Proyectos Levon en México, S.A. de C.V. (Levon en Mexico) to conduct Cordero and other exploration activities in Mexico. Levon en Mexico is headquartered in Durango, Mexico with its main Cordero Project field office in the historical mining town of Hildalgo Del Parral.
The Cordero project is a joint venture between Levon Resources, Ltd (51% owner and operator) and Valley High Resources, Ltd (49% contributing interest) to explore for bulk tonnage Ag, Au, Zn, Pb deposits in the historical Cordero Mining District.
Levon is a junior gold and precious metals exploration company exploring the Cordero silver, gold, zinc and lead project near Hidalgo Del Parral, Chihuahua, Mexico. The Norma Sass and Ruf claims located near the Pipeline gold deposit, which is being mined and explored by Barrick Gold Corporation in the heart of the Cortez Gold Trend in Lander County, Nevada, USA. The Company also holds key land positions at Congress, BRX, and Wayside in the productive Bralorne Gold camp of British Columbia, Canada.
LEVON RESOURCES LTD.
Ron Tremblay, President and CEO
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. 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 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
Levon Resources Ltd.
(604) 682-3701
(604) 682-3600 (FAX)
www.levon.com

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