Tuesday, September 28, 2010

Olympus' (TSX:OYM)(OTCBB:OLYMF) Stake of the Bau Gold Field to Increase to 93.55%

Olympus' (TSX:OYM)(OTCBB:OLYMF) Stake of the Bau Gold Field to Increase to 93.55%


TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 28, 2010 - Olympus Pacific Minerals Inc. ("Olympus" or the "Company") (TSX:OYM)(OTCBB:OLYMF)(ASX:OYM)(FRANKFURT:OP6). The Chairman and Chief Executive Officer David Seton is pleased to announce the Company has reached an agreement to move to 93.5% control of the Bau Gold Project, Sarawak, Malaysia purchasing an additional 43.5% of the Joint Venture Company, North Borneo Gold Sdn Bhd.


BACKGROUND
The Bau Gold Project (800 sq. km) was acquired by Olympus in late 2009 (see Olympus press release dated November 10, 2009).
The Bau Gold Property has been independently assessed as having NI 43-101 gold resources of: 0.56M oz measured + indicated and 1.89M oz inferred (See Olympus Press Release, dated June 23, 2010 ). This resource includes several different mineralization styles, in multiple deposits that have to date been drilled only to shallow depth and remain open to further expansion through continuing exploration.
Recent reprocessing of airborne DIGHEM geophysical data within a central area of the goldfield has shown several exceptionally strong conductivity anomalies at depth. These are interpreted as the expression of large, mineralized quartz vein systems extending down to more than 700m below surface. Exploration of these compelling targets commenced in early September with an initial contract for 3,000 metres of HQ diamond drilling. The 12 month program is for 7,000m of drilling in approximately 45 holes, . to explore mineralization within a deeper volcanic terrain that underlies the predominantly sedimentary surface formations.
See hyperlink - Targeted Taiton A conductivity anomaly
http://olympuspacific.com/pdf/presentations/taiton_a_anomaly.pdf
As part of a mining feasibility study, an additional drilling program will also be conducted to upgrade the bulk of the existing resource to Measured and Indicated categories and to test deeper and lateral resource extensions.
OWNERSHIP HIGHLIGHTS
  • Competitive acquisition price for additional ownership of Bau
  • Sarawak Mining Ordinance has zero royalty rate on gold
  • The Company has Pioneer status with low taxation entitlement for the first five years of production (5%)
  • Exploration upside; multiple large-scale mineralization zones under advanced exploration
  • Bau Project now in full feasibility
AGREEMENT
The principal terms of the agreement, whereby Olympus is to pay a total consideration of USD 35 million to acquire a further 43.5% interest in the operating Joint Venture Company, North Borneo Gold Sdn Bhd ("NBG"), from its local Joint Venture partners over a two-year period, are as follows:
  • Tranche 1: USD7,500,000 to be paid by 30 September 2010 to acquire 12.5% of the ordinary shares and preference shares in NGB;
  • Tranche 2: USD7,500,000 to be paid by 30 October 2010 to acquire a further 12.5% of the ordinary shares and preference shares in NBG;
  • Tranche 3: USD11,000,000 to be paid by 30 November 2011 to acquire a further 10% of the ordinary shares and preference shares in NBG;
  • Tranche 4: USD 9,000,000 to be paid by 30 September 2012 to acquire a further 8.5% of the ordinary shares and preference shares in NBG.
The $7.5M payment of the first tranche will be funded directly from Olympus' treasury, and the majority of the balance can be funded through internally generated cash flow from current operations. Payment scheduling outlined in the terms of agreement allows the Company to purchase the additional interest in the Joint Venture Company with minimal dilution to shareholders. Upon completion of the transaction, Olympus will hold 93.55% of NBG.
The local partners shall remain active participants in the exploration and all facets of the project's development.
The 93.55% majority stake in the Bau Gold Project allows Olympus to confidently move forward with completion of feasibility through to production. The Company will continue with an aggressive drilling program on the large new targets knowing it controls most of the upside in the project. The previous arrangement had been a drawback to committing capital when Olympus was funding 100% for 51% of the returns.
Chairman David Seton believes the addition of 1.06m oz at $33 per oz is a major value add to the company and the control of a developing goldfield in a region with zero gold royalty rates, and low taxes will continue to add significant value in the years ahead.
Olympus is positioned to expand gold production in Southeast Asia from its core properties and has established a production time line that increases the Company's annualized production to 80,000 ounces gold by early 2011 and a production pipeline capable of further expansion to some 300,000 oz by 2014. The diversified gold production Company expects to further expand its Reserve and Resource Estimates in East Malaysia and Vietnam through continued exploration in 2010.
OLYMPUS PACIFIC MINERALS INC.
David A. Seton, Chairman and Chief Executive Officer
The material in this announcement has been prepared under the supervision of Rod Murfitt, who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and a Competent Person, as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserve" (the JORC Code) and Canadian Instrument 43-101. Mr Murfitt consents to the inclusion in this report of the Information, in the form and context in which it appears.
OLYMPUS FOFI DISCLAIMER
Certain of the statements made and information contained herein is "Forward-looking information" within the meaning of the Ontario Securities Act, including statements concerning our plans at our Vietnamese mineral projects, which involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is the subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, failure to establish estimated resources or to convert resources to mineable reserves; the grade and recovery of ore which is mined varying from estimates; capital and operating costs varying significantly from estimates; delays in obtaining or failure to obtain required governmental, environmental, or other project approvals; changes in national and local government legislation or regulations regarding environmental factors, royalties, taxation or foreign investment; political or economic instability; terrorism; inflation; changes in currency exchange rates; fluctuations in commodity prices; delays in the development of projects; shortage of personnel with the requisite knowledge and skills to design and execute exploration and development programs; difficulties in arranging contracts for drilling and other exploration and development services; dependency on equity market financings to fund programs and maintain and develop mineral properties; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims and other risks and uncertainties, including those described in each management discussion and analysis. In addition, forward- looking information is based on various assumptions including, without limitation, the expectations and beliefs of management; the assumed long-term price of gold; the availability of permits and surface rights; access to financing, equipment and labour and that the political environment within Vietnam will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information.


For more information, please contact
Olympus Pacific Minerals Inc.
James W. Hamilton
Vice-President Investor Relations
(416) 572-2525 or TF: 1-888-902-5522
(416) 572-4202 (FAX)
info@olympuspacific.com
www.olympuspacific.com


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Lake Victoria (OTCBB:LVCA) Intersects Suspected Visible Gold in Three Target Areas, at the Singida-Londoni Gold Project, Tanzania

Lake Victoria (OTCBB:LVCA) Intersects Suspected Visible Gold in Three Target Areas, at the Singida-Londoni Gold Project, Tanzania


GOLDEN, COLORADO--(http://www.investorideas.com/ gold and mining stocks blog ) - Sept. 28, 2010 - Lake Victoria (OTCBB:LVCA) is pleased to provide a further update on the Reverse Circulation (RC) drilling program at the Singida-Londoni gold project in Tanzania. To date, drilling has successfully intersected possible visible gold and the metallic minerals pyrite and arsenopyrite. These metallic sulfide minerals are often associated with gold and gold deposits and were present in three target areas, Sambaru 3, 4 and 5. Assay results are expected shortly of the first consignment of 820 drill samples sent to SGS Laboratory, Mwanza, which will determine the level of gold present.


Drilling at Sambaru 5, a site of abundant artisanal surface workings located near the northwest end of the license area, was successfully completed. A total of six holes were drilled on two sections spaced 80 meters apart. Four narrow, but apparently continuous zones of sulfide mineralization, previously reported in the news release of the 20th September 2010, appear to be present.
The drill rig, recently completed three boreholes to test the area immediately north of the main artisanal mines in the central part of the Sambaru 4 target. Two zones of increased sulfide minerals were intersected at down hole distances of about 19 meters and 70 meters. The zones have a length of about 10 and 23 meters respectively. The upper zone is believed to represent a new mineralized zone. The lower zone, previously intersected in an adjacent hole, is believed to represent the main zone that the artisanal miners worked at a more shallow depth. Drilling indicates the lower zone now extends to at least 70 meters below the surface. Occasional grains of possible gold are present in panned drill hole samples from the upper zone; with more abundant possible gold grains appear to be present in panned samples from the deeper zone. The drill is currently testing a 120 meter long zone of artisanal mining in the southeastern part of Sambaru 4; following this drilling, the drill moves to the Sambaru 2 target near the central part of the five kilometer long license area.
Roger Newell said: " These preliminary drill results are very encouraging and the presence of the metallic sulfide minerals of pyrite and arsenopyrite, which are often associated with gold, underscores the importance of what appears to be visible gold in our drill samples. We look forward to providing drill hole assay results in the near future."
About the Company
Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania is Africa's third largest gold producer, behind South Africa and Ghana, but also has reserves of uranium, nickel and coal. Gold exports alone earned it $1.076 billion in 2009, up from $932.4 million the previous year. Lake Victoria holds eleven prospective gold projects and five uranium projects within its Tanzania property portfolio. Additional information regarding the Company is available on the corporate website at: http://www.lakevictoriaminingcompany.com/ or by contacting:
Disclaimer
This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact
Lake Victoria Mining Company Inc.
Dr. Roger A. Newell
303-586-1390




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Mining News ; F.D.G. Mining Inc. Raises $1.3 Million on Oversubscribed Private Placement

Mining News ; F.D.G. Mining Inc. Raises $1.3 Million on Oversubscribed Private Placement


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - Sept. 28, 2010) - F.D.G. Mining Inc. ("FDG" or the "Company"), a private mineral exploration company based in Vancouver, Canada is pleased to announce the completion of a non-brokered private placement of 10,428,000 common shares at a price of $0.125 per share for gross proceeds of $1,303,500 (the "Private Placement") which was over-subscribed due to greater than anticipated investor interest in the Company and its projects. A finder's fee of $130,350 was paid in connection with the Private Placement resulting in net proceeds of $1,173,150 to be used for, inter alia, exploration activities on the Company's newly optioned Topacio Concession in Nicaragua and general corporate and working capital purposes in preparation for a planned initial public offering in Q4 2010. Currently, the Company has approximately 24 million shares issued and outstanding.

On April 30th 2010, FDG concluded an option agreement with Inversiones Mineras S.A. ("IMISA") of Nicaragua to purchase the 9300 hectare Topacio, S.A. gold concession in Eastern Nicaragua. The definitive agreement calls for bi-annual payments of US$60,000 until such time as the Company pays the full US$3,000,000 purchase price within the 3-year term of the agreement. Upon completion, FDG will own 100% of the mining concession subject to a 3% NSR to IMISA and its affiliated companies. The concession covers all of the known past-producing veins in a low sulphidation epithermal gold district and surrounding exploration targets that have been identified by previous work on the property. An NI 43-101 Technical Report was commissioned by FDG and has now been completed and posted on the Company's web site at www.fdgmining.com. The report compiles much of the previous work and data on the property including drilling, trenching and historic resource estimates up until 1996 when a previous operator completed approximately US$3,000,000 of exploration over a 2-year period.
FDG has completed and submitted an Environmental Impact Study (EIS) at Topacio and is expecting approval from Nicaraguan authorities by the middle of October to begin working on the property.
A Land Use Permit from the local municipality was required to complete the EIS and FDG personnel took the opportunity to meet the local mayor (Alcalde) and councilors to obtain the document and to make a presentation introducing the company, the project and outlining work plans and schedules. The Company is very pleased to announce that it signed an accord on the same day ("Convenio de Colaboración") with the Alcaldía Muelle de los Bueyes pledging cooperation and sharing of resources to improve roads and infrastructure in the area. FDG has agreed to share all new surveys and relevant company information within the property area and re-iterated its intention to work in an environmentally responsible manner while exploring and developing the property. The Alcaldia has pledged in return to cooperate with FDG and share municipal resources and equipment to improve access to the property and to facilitate good relations with local land owners. A copy of the Convenio in Spanish is available on the FDG web site. In a ceremony at the Mayor's office on July 7 2010, FDG signed the Convenio de Colaboración and donated US$10,000 to the municipality to be used for community projects in the area.
FDG also has property interests in five other gold prospects in Nicaragua, two of which are adjacent to B2Gold's Orosi Mine property.
On behalf of the Board of F.D.G. Mining Inc.,
Mit Tilkov, President & CEO
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.


For more information, please contact
F.D.G. Mining Inc.
Mit Tilkov
President & CEO
604-684-2213
info@fdgmining.com
www.fdgmining.com


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Mining Stocks News; St. Elias Mines Ltd. -- Strawberry Flats Gold Project, B.C.

Mining Stocks News; St. Elias Mines Ltd. -- Strawberry Flats Gold Project, B.C.

VANCOUVER, BC--(http://www.investorideas.com/ mining and gold stocks blog )  - September 28, 2010) -  Lori McClenahan, President of St. Elias Mines Ltd. (TSX-V: SLI) (FRANKFURT: EKL) (US Clearing Symbol: SELSF) ("St. Elias"), is pleased to announce the following update received from Dorex Minerals Inc. ("Dorex") with respect to the Strawberry Flats Gold Project (the "Property") located in southern British Columbia approximately 20 kilometers northwest of the historic Rossland Mining Camp. Dorex has options to acquire up to an 80% interest, subject to a 1.5% NSR, in the Property from St. Elias.


Dorex has completed the Phase I rock, silt and soil geochemical sampling program on the Property. Over 1,200 soil samples, 28 rock samples and eight (8) silt samples were collected by Dorex employees and contractors during the 10 day, on-the-ground program in late summer 2010. The Phase I exploration program was designed to confirm, infill and expand the historic gold-in-soil geochemical anomalies reported by previous workers as well as to ground truth the surface and underground workings on the Strawberry Flats Gold Property.


The bulk of the Phase I program consisted of a large geochemical grid covering an area of approximately 1.8 km by 1 km with 50 m spaced lines sampled on 25 m to 50 m centres. This grid was focused on expanding the historic geochemical grids to the north towards Astral Mining Corp's contiguous Jumping Josephine Project. In addition, one detailed geochemical grid was established near the known anomalies on the Strawberry Flats Gold Project during this program. This detailed grid covered an area of approximately 120 m by 140 m with 20 m spaced lines and sampled on 10 m centres.
All collected samples were shipped to ACME Analytical Laboratories in Vancouver, B.C. where they were sent for analysis by Group 1EX ICP-MS for 41 elements and a 30 gram Fire Assay Finish (Group 3B01) on all samples.
Assay results are expected to be received shortly, and once compiled, these results will be used to define and prioritize targets for a Phase II follow-up mechanized trenching program planned for later this fall. Phase II will also concentrate on additional sampling from the historic anomalies as well as any newly generated geochemical anomalies from the Phase I program.
Dorex's 2010 exploration programs are primarily designed towards delineation of future drill targets for a Phase III diamond drilling program by confirming and expanding on the historical work from the Property including a trenching program completed by Cameco in 1989-1990.
The 1989-1990 programs were conducted to follow up on a potential bedrock source of gold-in-soil anomalies within the Strawberry Flats Gold Project. Cameco's "Trench No. 5" averaged 7.04 g/t Au (from continuous one-metre-long chip samples) over its 12 metre length and exposed a 7 metre wide fault zone with heavily silicified and pyrite chalcopyrite-galena-sphalerite-iron carbonate veined sections, with the a single 2 metre section reported to average 39.16 g/t Au and 6.55 g/t Ag.
Cameco's report indicated that the seven-metre-wide, west-northwest-trending mineralized structure exposed in Trench No. 5 is of sufficient grade to warrant follow-up along strike in both directions and at depth.
The Strawberry Flats Gold Project adjoins the Jumping Josephine gold project owned by Astral Mining Corp. and Kootenay Gold Inc. Drilling results from Astral on the Jumping Josephine main zone have included 10 metres of 9.95 g/t Au and 8 metres of 8.31 g/t gold.
Technical details contained in this news release have been reviewed by Paul D. Gray, P.Geo., Company Director and a qualified person as defined in National Instrument 43-101.
For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada) or contact:
ST. ELIAS MINES LTD.
(signed "Lori McClenahan")
Lori McClenahan,
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.
This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement.
European Investor Relations
Nicholas Fuller
Nick Fuller & Associates
Tel: 011-44-207-256-5204
Email: nick@fullerir.com

U.S. Investor Relations
Herbert Haft
The Haft Group, Inc.
Tel: (212) 759-8865
Email: herbhaft@haftgroupinc.com
herbhaft@aol.com



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Klondike Gold Corp (TSX VENTURE:KG) Follow Up Drill Program on Clubine Gold-Silver Property

Klondike Gold Corp (TSX VENTURE:KG) Follow Up Drill Program on Clubine Gold-Silver Property

- Completed 5 Drill Holes for A Total of 600m to Follow Up 19.44 g/t Gold Over 3.45 Meters (0.63 Opt Gold/11.3 Feet) on Clubine Property. Results Are Pending.
- Drilling was Successful in Demonstrating Down-Dip and Strike Extensions of the Mineralized Structure Drilled in Fall 2009.


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog  - Sept. 28, 2010) - Klondike Gold Corp. (TSX VENTURE:KG) (the "Company") drilled five holes, totaling 600 meters, on the Clubine gold-base metal deposit in the Salmo area of southeastern B.C.
The fall 2009 drill program indicated the presence of "Bonanza grade" 148.41 g/t gold (4.8 ounces of gold / tonne) and 203 g/t Ag across 0.2 m within a wider zone of 19.44 g/t gold over 3.45 m ( 0.63opt / 11.3 feet). Six of the nine holes drilled in 2009 successfully intersected the target gold/silver/ copper zone, proving that the zone is continuous along strike and to depth.
The mineralization at Clubine is hosted in a shear zone containing lenses of quartz and quartz-carbonate, and gold-silver-base metal veins. It is small past producer that recovered 123,293 of gold and 239,463 grams of silver from 3676 tonnes mined in the late 1930s. Exploration work at that time consisted of several exploration and production drifts that followed the shear-vein structure, from surface, through strike lengths of up to approximately 90 meters
The Clubine project is in a district with several important past producing camps: the Rossland gold-copper camp, which produced 2.76 million ounces of gold, is located 40 kilometers to the west, the Ymir silver camp is 8 km to the northeast, the Sheep Creek gold camp, 15 km to the east and the Silver King camp, 20 km to the north (refer to the Nelson Mining Camp map for the locations of these camps). http://klondikegoldcorp.com/i/pdf/GSC_Nelson_Past_Producers.pdf
The follow-up to the 2009 fall drill program, initially consisting of 5 holes totaling 600 meters, was intended to extend both the strike, down dip extension and continuity of the veins intersected in the fall. The company is waiting for the complete logs and assays of the drill holes. Results of drill logs and chemical analyses are pending.
Drill holes were targeted to intersect the northern extension of the known gold-bearing structure, and also to intersect the down dip extension of the main gold-bearing veins discovered in fall 2009 drilling (CB09-1,2,3). Both the lode structure and several thin mineralized quartz veins were intersected in the recent drilling - results pending. Based on the encouraging results from this program, step out drilling to the north is warranted. As well, drilling down dip, below the levels of known mineralization, is also recommended in an attempt to define controlling down plunge rakes of the mineralization (ore shoots within the structure).
The qualified person for the purpose of National Instrument 43-101 is Dr. Trygve Hoy, P.Eng., who has read and agreed with the technical information in this news release.
About Klondike Gold Corp
Klondike Gold is a large landholder in southeastern British Columbia as well as in the Klondike District of Yukon Territory, an area which produced between six and twelve million ounces of gold during its historic gold rush. The Company also holds a 50% interest with partner Chalice Diamond Corp in approximately 78,000 acres of diamond properties located in the Chapleau-Wawa region of Ontario and a number of properties in southeastern British Columbia.
Please visit the Company's website: www.klondikegoldcorp.com for more information on the diamond properties in Ontario, our holdings in the Klondike and our properties in southeastern BC.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.


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

For more information, please contact
Hughes Exploration Group
Alan Campbell or Kevin Hull
Investor Relations
(604) 685-2222
info@klondikegoldcorp.com



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Gold Stocks; Plato Gold and Globex Mining Announce Amendment to Option Agreement on Val d'Or Property

Gold Stocks; Plato Gold and Globex Mining Announce Amendment to Option Agreement on Val d'Or Property


TORONTO, ONTARIO--(http://www.investorideas.com/ mining and gold stocks blog )   - Sept. 28, 2010) -
NOT FOR DISTRIBUTION IN THE UNITED STATES.

Plato Gold Corp. (TSX VENTURE:PGC) ("Plato" or the "Company"), an exploration company with a portfolio of properties in significant gold mining camps in Northern Ontario, Northern Quebec, and Santa Cruz, Argentina, is pleased to announce an amendment of the original August 8, 2006 Option Agreement (the "Option Agreement") with Globex Mining Enterprises Inc.("Globex") (TSX: GMX) on the Nordeau Bateman properties in Val d'Or, Quebec.


The Option Agreement has been amended to allow funding and completion of exploration expenditures due December 30, 2010 to April 30, 2011. All other conditions of the original Option Agreement and subsequent Amendments remain the same. This extension is subject to approval by the TSX Venture Exchange.

"With gold passing through $1,300 per oz, these are exciting times for the gold sector," said Anthony Cohen, President and CEO. "Our Nordeau West site which reported on March 12, 2009 a NI 43-101 compliant resource (see details below) is well located in an area with strong mining infrastructure. We intend to continue our work in the area with further drilling in the months ahead."
"Plato is concurrently working on two other active gold projects in Timmins, Ontario and in Santa Cruz, Argentina. The success of neighbouring projects in Timmins and in Argentina makes Plato an attractive and well positioned exploration company," said Cohen.
For full details, please visit us at www.platogold.com.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian junior gold exploration company listed on the TSX Venture Exchange with exploration projects in Northern Ontario, Northern Quebec and the Lolita Property in the province of Santa Cruz, Argentina.
The Northern Ontario project includes 5 properties: Guibord, Harker, Harker-Garrison, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario.
The Northern Quebec project includes 6 properties: Nordeau Bateman, Vauquelin, Vauquelin Pershing, Vauquelin Horseshoe, Pershing Denain, and Hop O'My Thumb. All 6 properties are located near Val d'Or, Quebec.
Plato is in the advanced exploration stage on the Nordeau West site with a NI 43-101 compliant gold resource reported on March 12, 2009. Highlights of the Nordeau West mineral resource update include:
indicated resources of 30,212 oz Au on average grade of 4.17 g/t and 225,342 tonnes; and
inferred resources of 146,315 oz Au on average grade of 4.09 g/t and 1,112,321 tonnes.
In Argentina, the Lolita Property is comprised of 3 contiguous concessions and initial work has been started on this property. For additional company information, please visit: www.platogold.com.


Forward Looking Statements
This news release contains "forward-looking statements", within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the,potential mineralization and resources, exploration results, and future plans and objectives. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, use of proceeds, level of activity, performance or achievements of Plato to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: risks related to exploration; actual resource viability, and other risks of the mining industry . Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.


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
Plato Gold Corp.
Anthony Cohen
President and CEO
416-968-0608
416-968-3339 (FAX)
info@platogold.com
www.platogold.com




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Copper Stocks; Toro Resources Corp (CNSX:TRK) : Positive Independent Consultant Report for the Morgan Peak Copper Project

Copper Stocks; Toro Resources Corp (CNSX:TRK) : Positive Independent Consultant Report for the Morgan Peak Copper Project


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 28, 2010) - Toro Resources Corp. (CNSX:TRK) (the "Company") is pleased to announce completion of initial mapping and an aerial survey at its Morgan Peak Copper Project. The project is located within the World Class Globe-Miami Mining District in central Arizona, close to major copper mines, such as the recently opened Carlota (Quadra/FNX), and major new discoveries such as Resolution (Rio Tinto/BHP Billiton).
The Company implemented an evaluation and mapping program by Dr. Warren Pratt. Dr. Pratt examined Morgan Peak over a 10-day period in July. In his executive summary, Dr. Pratt confirms the presence of significant copper mineralization across an area of roughly 3 km x 0.8 km. He also emphasizes potential for other mineralized zones in previously ignored areas and considers many of the targets as "virtually drill ready". Dr. Pratt's discovery of the Birthday Zone, an untested target with great promise, highlights the need for detailed mapping of the entire project. His work provides an excellent starting point for remapping.
"We are excited by the positive report from Dr. Pratt and the new targets he has generated," said Bill Galine, president of Toro Resources. "We are fortunate that Dr. Pratt could assess the property. As well as confirming known copper mineralization, probably leachable, in the West part of the area, he agrees that the Morgan Peak project has significant exploration potential. His new drill targets reinforce our view that additional mineralization will be found elsewhere on the large claim block."
Geologic mapping, sampling and drilling are scheduled for later in the year, depending on permitting. A recent aerial survey over approximately 1550 hectares at Morgan Peak will produce air photos, a topographic map with 1 m contours, and an orthophoto map of the claim at a scale of 1:1000. All will be used for detailed geologic mapping in the near future. A field survey program will provide detailed surface information including sampling, outcrop and contact locations, as well as accurate historic drill hole locations with elevations.
Toro's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Bernie Stannus P.Eng, Toro's vice-president of exploration, who serves as a qualified person under the definition of National Instrument 43-101. Toro Resources recently launched its website which includes the company's new corporate presentation and fact sheet. Please visit www.tororesources.com. Toro Resources Corp. (CNSX:TRK) is a publicly held Canadian exploration company focused on acquiring, exploring and developing mineral properties located in favourable geo-political areas. The Company is led by a highly skilled and experienced board and has a management team that has had significant success in managing early stage mineral exploration companies.
ON BEHALF OF THE BOARD:
(signed) "William Galine"President & Director
This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, uncertainties of resource and reserve estimations, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. Fluctuations in metals prices, availability of financing, and general business conditions are all factors that could cause actual results to vary materially from forward-looking statements.
Issued Share Capital:  17,898,636


The Canadian National Stock Exchange has neither approved nor disapproved the contents of this press release.

For more information, please contact
Toro Resources Corp.
William Galine
President and Director
(604) 662-5383
(604) 662-3904 (FAX)
bgaline@tororesources.com
www.tororesources.com


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Silver Stocks; Wildcat Updates Preliminary Economic Assessment on Hardshell; 6 Million Ounces Per Year Silver Production, NPV of $357 Million; Announces $5 Million Private Placement

Silver Stocks; Wildcat Updates Preliminary Economic Assessment on Hardshell; 6 Million Ounces Per Year Silver Production, NPV of $357 Million; Announces $5 Million Private Placement


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 28, 2010) - Wildcat Silver Corporation (TSX VENTURE:WS) ("Wildcat" or "the Company") is pleased to announce the results of an updated scoping study on its 80%-owned Hardshell project in Santa Cruz County, Arizona. The Company also announces it has negotiated a private placement to raise up to $5 million to fund the continued development of the project.
The updated preliminary economic assessment (PEA) demonstrates a net present value of US$357 million (7.5%), with an internal rate of return of 19% on an after-tax basis. Silver production is expected to average approximately 6 million ounces for the first five years, with cash costs for producing silver estimated to be negative $0.40 per ounce for the first five years, net of by-products and taxes. The initial capital cost is estimated to be US$337 million, and will include an open pit and underground operation lasting 18 years. The PEA assumed metal prices of $16.78 per ounce silver, $8.13 per dry metric ton (DMTU) manganese or $0.41 per pound contained manganese, $0.91 per pound zinc, and $3.07 per pound copper.
"The Hardshell project continues to demonstrate robust economics, low risk and a very low cost silver production capacity in a mining friendly location," says Chris Jones, President and CEO of Wildcat Silver Corporation. "This, coupled with the potential benefits for southern Arizona in terms of jobs and tax proceeds, makes Hardshell a great project. Further, the $5 million private placement will fund the significant exploration program we have planned."
Financial Highlights
The Cases:
Price Scenario60/40 Prices (Base Case)Recent Prices
NPV @ 7.5%$357M$423M
IRR19%21%
Silver Price $/oz16.7818.42
Manganese Price $/lb0.410.42
Zinc Price $/lb0.910.95
Copper Price $/lb3.073.33
M3 Engineering and Technology ("M3") of Tucson, Arizona prepared the PEA and NI 43-101 technical reports, which will be filed on SEDAR within 45 days. The M3 study concludes that the project has potential to be feasible and should progress to pre-feasibility engineering, and that there are further opportunities to improve and optimize the project's economics.
M3 used 60/40 base pricing for NI 43-101 reporting purposes, reflecting 60% historical and 40% forward market prices. This represents our base case pricing. A forward market is not available for manganese, thus the long term price is estimated to be $8.13 per DMTU, or $0.41 per pound contained manganese. The three-year trailing average for manganese is $9.53 per DMTU, or $0.43 per pound contained manganese.
Recent pricing represents recent cash prices as reported by the London Metals Exchange, or in the case of manganese, in Ryan's Notes during August 2010.
Mineral Resource Estimate
The mineral resource at Hardshell has been previously reported in the April 20, 2010 press release, and is included here for reference:
Mineral Resource Estimate ($55/ton cutoff)
Indicated OxideTonnes (000s)Silver (g/t)Manganese (%)Zinc (%)Copper (%)
6,004187.86.831.030.10
Inferred OxideTonnes (000s)Silver (g/t)Manganese (%)Zinc (%)Copper (%)
39,26861.07.661.550.06
Inferred Sulfide6,99935.05.772.250.10
Production Estimate
The mining process at Hardshell will initially be an open pit, with underground operations beginning four years after start-up. Current plans call for producing 3,630 tonnes of ore per day. The processing facility will use an SO2 leach followed by copper precipitation, zinc SXEW, as well as manganese and silver recovery circuits. The Hardshell project is expected to produce, over its 18 year life, an annual average of:
  • 4.1 million ounces of silver
  • 233,000 tonnes of manganese carbonate
  • 20,187 tonnes of zinc cathode
  • 960 tonnes of copper
Manganese
Manganese is the fourth largest metal market in terms of tonnage after iron, aluminum and copper, with 2008 production totalling 46 million tonnes of ore. Manganese has numerous common applications and plays a vital role in the smelting of iron ore into steel, as well as an alloy for various high-wear and other steels. U.S. Domestic demand for manganese is 4 million tonnes per year.
The Hardshell project is expected to produce an average of 233,000 tonnes of manganese carbonate per year. Prices for manganese ores have averaged over $9.50 per dry metric tonne unit (three year trailing average), or approximately $0.43 per pound manganese, so there is considerable additional value to be realized. The Company has also been in recent discussions with various parties as potential purchasers for the metal. However, Wildcat intends to retain its interest in manganese as it believes considerable upside remains.
Private Placement
Wildcat also announces it has arranged for a non-brokered private placement of up to ten million units at a price of $0.50 per unit, for gross proceeds of up to $5 million. Each unit is comprised of one common share and one half of one non-transferable share purchase warrant entitling the holder to purchase one common share at a price of $0.75 per common share for a period of one year following the closing of the private placement.
Proceeds from the financing will be used to execute a 12,500 ft (4,000 meter) exploration drilling program designed to explore high value targets around the existing mineral resource. Metallurgical drilling will also be undertaken to provide material for studies designed to reduce forecasted processing costs. Wildcat also plans to operate a pilot plant with this material to further define the metallurgical operating characteristics and provide detailed design inputs for the Hardshell processing plant.
Qualified Person
The PEA and NI 43-101 technical reports were prepared by an integrated team led by M3 Engineering and Technology Corporation ("M3") of Tucson, Arizona as the primary author of the technical report. The technical report was conducted under the overall review of Timothy S. Oliver, P.E. of M3, and independent Qualified Person under the standards set forth under NI 43-101. Timothy S. Oliver has reviewed and confirmed the technical information contained within this press release.
About M3 Engineering and Technology Corporation
M3 Engineering and Technology Corporation is a full service architecture, engineering and construction management firm based in Tucson, Arizona. Since 1986, M3 has provided professional EPCM services to the hard rock mining industry since its founding in 1986. Successful projects include major efforts for Goldcorp, Newmont, Freeport McMoRan and Pan American Silver, among many others. Historically, M3 has provided design for some 7500 projects and is now recognized as an industry leader in feasibility studies and associated 43-101s. For the Hardshell project, Timothy S. Oliver, P.E. is principal author. Mr. Oliver is an environmental engineer with over 30 years of experience with operating mining companies and as a consulting engineer.
About Wildcat
Wildcat is a Canadian mineral exploration company focused on development of the Hardshell project in Santa Cruz County, Arizona. The Hardshell property is held by Arizona Minerals Inc., of which Wildcat is an 80% owner. Wildcat trades on the TSX Venture Exchange under the symbol WS.
FORWARD LOOKING STATEMENTS
The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Wildcat's latest annual report and management discussion and analysis. Wildcat assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
CAUTIONARY NOTE CONCERNING INFERRED MINERAL RESOURCES
A preliminary economic assessment is preliminary in nature and includes inferred mineral resources. Inferred mineral resources have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that an inferred mineral resource will have the economic consideration applied that would enable it to be categorized in the mineral reserve category, and there is no certainty that the preliminary assessment will be realized.
On behalf of the Board of Directors:
Richard W. Warke, Chairman


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
Wildcat Silver Corporation
Chris Jones
President & Chief Executive Officer
303 300 6890
cjones@wildcatsilver.com
www.wildcatsilver.com



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Maya Gold & Silver (TSX VENTURE:MYA) Welcomes Mackenzie I. Watson to its Advisory Board

Maya Gold & Silver (TSX VENTURE:MYA) Welcomes Mackenzie I. Watson to its Advisory Board


MONTREAL, QUEBEC--(http://www.investorideas.com/ gold and mining stocks blog ) - Sept. 28, 2010) - Maya Gold & Silver Inc. ("Maya" or the "Company") (TSX VENTURE:MYA) is pleased to announce that Mr. Mackenzie I. Watson, former director of the Company, has accepted Maya's invitation to become the first appointment to its Advisory Board.


Réjean Gosselin, Maya Chairman said: "We are delighted to have Mr. Watson join the Advisory Board of the Company. His extensive knowledge of the mining business will be a major asset to orientate future developments of the Company".


Mr. Watson has 50 years of exploration experience and has been involved in the discovery of numerous coal, base metals, and gold deposits in Canada. He was awarded Canada's Prospector of the Year Award in 1991 for his participation in the discovery of a number of deposits in Canada, including the Harker Holloway gold mine (Ontario), the Icon Sullivan copper mine (Québec), the Long Lac zinc mine (Ontario), the Ellison gold deposit (Québec) and the Hébecourt copper deposit (Québec). He was also awarded the Québec Prospector of the Year Award in 1992 for his contribution in the discovery of the Pusticamica and Verneuil gold deposits in Québec. Mr. Watson is a past President and an ex-director of Freewest Resources Canada Inc., recently acquired by Cliffs Natural Resources Inc.
In 2010, Mr. Watson was a co-recipient of the Bill Dennis Award for a Canadian discovery for prospecting success by the Prospectors and Developers Association at its annual convention held in Toronto, Ontario.
ABOUT MAYA
Maya Gold & Silver Inc. is a Canadian Mining Company, listed on the TSX Venture, which focuses on the exploration and development of gold and silver deposits. The Company is committed to developing and adding value to its primary property, Amizmiz gold and silver project in Morocco.
Forward-looking statements
Except for statements of historical fact, all statements in this news release, without limitation regarding new project acquisitions future plans and objectives are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.


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
Maya Gold & Silver Inc.
Guy Goulet
President and Chief Executive Officer
450-435-0700 ext. 204
ggoulet@mayagoldsilver.com
www.mayagoldandsilver.com


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Monday, September 27, 2010

Gold Stocks; West Kirkland Mining (TSX VENTURE:WKM) Commences Drilling at Kirkland Lake

Gold Stocks; West Kirkland Mining (TSX VENTURE:WKM) Commences Drilling at Kirkland Lake


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 27, 2010) - West Kirkland Mining Inc. (TSX VENTURE:WKM) ("West Kirkland" or the "Company") is pleased to announce the start of a planned $1 million dollar drill program in the prolific Kirkland Lake Belt. Drilling by the Company will initially focus on geophysical and geochemical targets and will then follow up on historic drill intercepts.


West Kirkland will be drilling on its properties located along the Larder Lake – Cadillac Break between Kirkland Lake and Matachewan. Historically over 40 million ounces of gold production has taken place in Kirkland Lake just past the east end of the Company's property package. To the west, at the Young Davidson Mine in Matachewan, a decision has been taken to place a new resource of 2.8 million ounces of gold under construction for production.


West Kirkland's Vice President of Exploration, Michael Allen, said, "We're pleased to now be drilling in the prolific Kirkland Lake Belt after weeks of preparation. The number of quality targets on our properties and the potential for discovery should make for an exciting drill program."
West Kirkland's President, R. Michael Jones said, "The recent announcement to begin construction of the Young Davidson mine demonstrates the potential of this district farther west than previously understood. Our land position is in the heart of this belt and we look forward to exploring this very exciting property position. The project follows our successful model of large scale exploration along the exact regional trend of known mines nearby."
Qualified Person, Verification, Quality Control and Assurance
R. Michael Jones, P.Eng is the non-independent qualified person for this news release. He has relevant experience in gold exploration and development in Ontario over the past 25 years.

About West Kirkland Mining
West Kirkland Mining was formed in 2010 and is focused on gold exploration along major trends in North America. The Company has consolidated significant mineral rights positions in the Kirkland Lake area of Canada and along the Carlin trend of Nevada – two of North America's Premier Gold camps. The founders and Board of West Kirkland Mining have successful gold discovery, development and mine operations experience in both Ontario and Nevada over the past 40 years.
For further information, please see the Company's website at www.wkmining.com.
Disclaimer for Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding proposed exploration activities. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for gold or other minerals that may be produced generally, recent market volatility; variations in the nature ,quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's Filing Statement dated March 31, 2010 for a more complete discussion of such risk factors and their potential effects, a copy of which may be accessed through the Company's page on SEDAR at 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
West Kirkland Mining Inc.
R. Michael Jones
(604) 685-8311
or
West Kirkland Mining Inc.
Michael Allen
(604) 685-8311
(604) 484-4710 (FAX)
info@wkmining.com
www.wkmining.com
or
Sequoia Partners
Don Graham
778-558-4310
don@sequoiapartners.ca
or
Sequoia Partners
James Beesley
778-389-7715
james@sequoiapartners.ca



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Soldi Ventures (TSX VENTURE:SOV) Acquires Significant Land Position in the Rainy River Gold Belt

Soldi Ventures (TSX VENTURE:SOV) Acquires Significant Land Position in the Rainy River Gold Belt


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ mining and gold stocks blog )  - Sept. 27, 2010) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) has acquired 14,000 contiguous acres (350 units) of prospective gold property in the Rainy River greenstone belt where Rainy River Resources Ltd. and several other Companies have aggressively staked up to Soldi's newly acquired property and beyond the Cameron Lake deposit placing Soldi in a strategically central location. This recent staking follows the northeast southwest trending Rainy River greenstone belt which has the potential of hosting volcanogenic massive sulphide (VMS) deposits in addition to other types of gold deposit models. To view the location of Soldi's latest acquisition please visit the map at the following link:
http://www.soldiventuresinc.com/pdf/map/soldi_ventures_rainy_river.pdf.
This newly acquired gold property is located northwest of Soldi's recently acquired Rainy River Block "A" property which consists of 3 contiguous claims covering a total of 1,120 acres (28 claim units) immediately south of the Rainy River Gold Project in the Kenora Mining District of Western Ontario. Rainy River Resources Ltd. has stated that its resource estimate has increased to 2.37 Moz gold in the indicated category and 2.66 Moz gold in the inferred category after their 2009 drilling program. Bayfield Ventures Corp. has also experienced drilling success in the area with results as high as 35.93 g/t gold over 10.0m within 13.28 g/t gold over 28.0m (Refer to the Bayfield September 7th 2010 release) among other significant intercepts.
Mike Magrum, P.Eng., a qualified person under National Instrument 43-101, has approved the technical content of this news release.
Soldi Ventures Inc. (TSX VENTURE:SOV) is a Canadian Exploration Company focused on discovering world class gold deposits in politically safe jurisdictions. In light of the Rainy River gold discovery and others in the area, the Rainy River gold belt will be a high priority for the Company's exploration efforts.
On Behalf of the Board of Soldi Ventures Inc.
Charles Desjardins, President, CEO, CFO, Secretary and Director
Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.


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

For more information, please contact
Soldi Ventures Inc.
Charles Desjardins
President, CEO, CFO, Secretary and Director
604-683-5445
604-687-9631 (FAX)
info@soldiventuresinc.com
www.soldiventuresinc.com



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Vanstar (TSX VENTURE:VSR) Acquires 2 Gold Properties in Abitibi

Vanstar (TSX VENTURE:VSR) Acquires 2 Gold Properties in Abitibi


LA PRAIRIE, QUEBEC--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 27, 2010) - The management of Vanstar Mining Resources Inc («Vanstar»)(TSX VENTURE:VSR) is pleased to announce the acquisition of 2 gold properties in Abitibi, Quebec.
The Nelligan property comprises 92 cells covering an area of 4,968 hectares and is located near Chapais in Abitibi.
Geological description of the Nelligan project
Nelligan showing
The central part of the property hosts a volcano-sedimentary sequence between 1 to 2 km in length, trending ENE that is associated with the Obatogamau Formation. This mineralization is located near a large EW to ENE deformation corridor within the Guercheville-Fancamp system. The geological and structural environment is favorable to the presence of Archean mesothermal gold mineralization of vein and replacement types. This is the same context as the Joe Mann mine (3.35M t at 9.1g/t), the Phillibert deposit (1.5Mt at 5.4g/t) and the Chevrier deposit (1.8Mt at 5.1g/t).
Historical drilling shows grades of 2.17 g/t Au and 3.5 g/t Au (drill holes 94-13 and 95-01) on respective widths of 4.4 and 10 metres.
Phillibert showing
The Phillibert 1 showing is hosted in an amphibolitized and lightly epidotized gabbro. The gold mineralization is linked to a white to smoky quartz vein with tourmaline, carbonate and is lightly mineralized with pyrite. Gold seems more abundant where the quartz vein contains tourmaline and/or pyrite. The historical data mentions grades of 31.06 g/t Au and 2.54 g/t Ag on 1.22 m, 22.66 g/t on 1 m and another one with 6.0 g/t Au on 1 m in channel sampling. Drill hole 973-02 returned grades of 18.86 g/t Au on 0.60 metre.
Vanstar will own 100 % of this property in exchange of a $4,160 cash payment and the issuing of 225,000 common shares of Vanstar to the sellers of the property. The sellers are keeping a 2% NSR which 1 % can be purchased for $1,000,000.
The Destor property comprises 72 cells covering an area of 3,888 hectares and is located 30 km north of Rouyn-Noranda.
Description of the Destor project
Two blocks of claims composes the Destor project. They are located within the favorable geological environment of the Destor-Porcupine Fault where many gold deposits can be found, notably the former Beattie mine ( Clifton Star- Osisko ), the Fayolle deposit and the Duquesne mine. Many Megatem anomalies can be found on the north block while many metal base and input showings show up on the south block.
Vanstar will own 100 % of this property in exchange of a cash payment of $3,354 and the issuing of 500,000 common shares of Vanstar to the seller of the property. The seller is keeping a 0.5 % NSR.
These new acquisitions are part of Vanstar's strategy to progressively acquire high potential properties in various geological environments within the province of Quebec. A geological compilation will follow the acquisition of these new properties.
This press release was read and approved by Mr. Gilles Laverdière, geologist and Qualified Person as defined in NI 43-101.


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
Vanstar Resources Ltd.
Gilles Laverdiere
CEO
514-830-8236
vanstar@videotron.ca


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Mining Stocks ; Vior (TSX VENTURE:VIO) Completes a Private Placement With Aurvista Gold Corporation

Mining Stocks ; Vior  (TSX VENTURE:VIO)  Completes a Private Placement With Aurvista Gold Corporation


QUÉBEC, CANADA--(http://www.investorideas.com/ gold and mining stocks blog ) - Sept. 27, 2010) - SOCIÉTÉ D'EXPLORATION MINIÈRE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5) – Vior is pleased to announce completion of a private placement totalling $432,000 with Aurvista Gold Corporation ("Aurvista"), Vior's partner on the Douay property. The private placement was completed by issuing 5,400,000 common shares of Vior at a price of $0.08 per share and 4,320,000 share purchase warrants entitling Aurvista to purchase one common share at a price of $0.10 until March 24, 2012.
In connection with the private placement, Vior paid a finder's fee of $30,240 and issued 302,400 non-transferable warrants to purchase same number of common shares at a price of $0.10 per share until September 24, 2013. The securities issued in connection with the private placement are subject to a four-month holding period expiring on January 25, 2011.
The company intends to use the proceeds of the placement for working capital purposes.
Profile
Vior is a growing mining company focused on developing its properties. The company owns 75% of the Douay gold project and other mineral properties.


The TSX Venture Exchange (TSX Venture) does not accept responsibility for the adequacy or accuracy of this Press Release.

For more information, please contact
Vior inc.
Claude St-Jacques - President
418-692-2678
cstjacques@vior.ca
www.vior.ca
SEDAR: Société d'exploration minière Vior inc.

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Gold Stocks; Dynacor Gold (TSX:DNG): Gold Sales of USD 7.9 Million in the First Two Months of Q3, 2010

Gold Stocks; Dynacor Gold (TSX:DNG): Gold Sales of USD 7.9 Million in the First Two Months of Q3, 2010


MONTREAL, QUEBEC--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 27, 2010) - Dynacor Gold Mines Inc. ("Dynacor" or "the Company")(TSX:DNG) is pleased to announce an operations update. In the first two months of the third quarter, 2010, the Company produced 6,239 ounces of gold from its gold custom-milling Plant in Peru and had sales of USD 7.9 million.
The average selling price of gold per ounce for the first two months of the third quarter was CAD 1,259 (USD 1,208). Management expects to achieve the high end of the third quarter production outlook of 7,000 - 9,000 ounces of gold since 6,239 ounces of gold have been produced in the first two months of the quarter.
The company began the year with a milling rate of 110 tonnes/day and has progressively increased the rate to reach 150 tonnes/day at the end of the month of August, an increase of 36%. Gold production is expected to continue to increase through the balance of 2010 and into 2011 as the Dynacor's Mill ramps up to its full capacity of 180 tonnes/day or between 45,000 to 50,000 ounces of gold per year.
Mr. Jean Martineau, President and CEO of Dynacor Gold, stated: "I am very pleased as gold production have increased substantially following the 1 million dollar financing closed in June 2010. The increased cash flow will allow Dynacor to fast track its exploration campaign at Tumipampa. Dynacor is on track to attain gold sales of 30,000 ounces of gold in 2010".
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold exploration and mining company active in Peru through its subsidiaries since 1996. The Company's assets include the Acari, Casaden and Tumipampa exploration properties. The Acari mill produces gold by custom milling. Dynacor's strength and competitive advantage comes with the experience and knowledge the Company has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.
FORWARD LOOKING INFORMATION
Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.


For more information, please contact
Dynacor Gold Mines Inc.
Jean Martineau
President & CEO
514-288-3224
or
Dynacor Gold Mines Inc.
Dale Nejmeldeen
Investor Relations
514-288-3224
778-574-2806
nejmeldeen@dynacor.com


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Velocity Minerals (TSX:VLC) Announces Staking of Idaho Gold Prospect

Velocity Minerals  (TSX:VLC) Announces Staking of Idaho Gold Prospect


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 27, 2010) - Velocity Minerals Ltd. (TSX:VLC) is pleased to announce that it has staked 60 claims (A1 to A60) in the Orogrande mining district in Idaho county, Idaho State using the professional services of Idaho registered surveyors. The 60 contiguous claims cover an area of approximately 1240 acres in the historic Orogrande Mining Division in central Idaho near an area known for past gold production.
The ground staked by Velocity has received relatively little recent exploration. The district, however, is known to contain multiple gold occurrences with some grades running as high as 0.8 ounce per ton. The claims completely surround two patented claims that contain the Homestake Mine, which is located in the Crooked River watershed, southeast of Grangeville, Idaho.
The A claims are also adjacent to and south of Premium Exploration Inc.'s Friday-Petsite project. Premium has an active 10,000 meter diamond drilling program underway on the Friday-Petsite approximately 3 kilometers north of the northern boundary of Velocity's claims. In a press release on August 10, 2010, Premium announced assay results for holes PFR2010-4, PFR2010-5, and PFR2010-6 of that program. Premium indicated that these holes advance the development of its new Lower Block, continuing resource growth and the establishment of at least 100 meters of mineralized width at depth, which remains open along strike and at depth.
Highlights of that release (dated August 10, 2010) include:
PFR2010-4 1.5 g/t gold over 150.0 meters including
  2.5 g/t gold over 36.9 meters including
  8.3 g/t gold over 4.9 meters
   
PFR2010-5 0.9 g/t gold over 267.0 meters including
  1.5 g/t gold over 72.2 meters including
  3.4 g/t gold over 11.0 meters
   
PFR2010-6 0.5 g/t gold over 226.0 meters including
  2.5 g/t gold over 16.4 meters
In a further press release on September 20, 2010, Premium announced assay results for the next six holes of the ongoing drill program at the Friday-Petsite project. Premium indicated in that release that these six holes, in addition to the six previously released, have successfully doubled the down-dip extension of the resource from 150 meters to 300 meters of depth and have developed 300 meters of the lower block mineralization along strike. Premium also said that in maximizing drill footage, all six holes did not fully cross-cut the zone and, hence, terminated in mineralization allowing Premium to achieve its goal of resource growth while simultaneously revealing the potential at depth.
Highlights of that release include:
PFR2010-8 0.7 g/t gold over 162.4 meters including
  2.0 g/t gold over 19.5 meters including
  3.1 g/t gold over 9.1 meters
   
PFR2010-11 0.8 g/t gold over 107.9 meters including
  1.1  g/t gold over 42.1 meters
   
PFR2010-13 0.7 g/t gold over 222.2 meters including
  1.1  g/t gold over 41.2 meters including
  2.3 g/t gold over 11.9 meters
HISTORICAL PRODUCTION
According to National Gold, Inc., a company registered in the state of Delaware and the holder of the patented claims on which the Homestake mine is situated:
"Gold exploration in the region dates back to 1861 when placer gold deposits were found on Newsome Creek near Elk City, 10 miles east of the Homestake Mine.
At least ten lode gold mines were in production in the Orogrande Mining District from the late 1890's to the late 1930's. Large scale placer mining using hydraulic mining and dredges began in the early 1900's and resulted in a huge increase in gold production. Placer mines outnumbered lode mines until World War II put a temporary stop to gold mining.
Five adits are located on the Homestake Mine but the exact time of development is unknown.
According to the previous owners, all five adits were being worked in the 1930's and 1940's until World War II interrupted all mining activity. Considerable evidence remains on the site from that period. Many old buildings used to support the working crews are still standing, although they are now unsuitable for any use due to advanced deterioration. In addition, the remains of an old crusher are evident.
Extensive work has been done on the Homestake. At 6,464 feet a vein has been exploited to a depth of 30 feet. There is another mine at 6,393 feet which has been dug to 150 feet. At 6,192 feet there is a mine that goes 1,150 feet into the mountain. And at 6,192 feet there is a mine that extends 880 feet."
The technical data in this News Release has been reviewed and approved by Trygve Höy, P.Eng., Ph.D., a Qualified Person (as defined in NI 43-101). However, the specific data referred to herein was obtained from government files, other historical sources and third party news releases, all of which are believed to be reliable but which have not and cannot be verified.
Velocity Minerals Ltd. is a public company dedicated to the acquisition, exploration and development of molybdenum, gold and other mineral resources. In addition to the Company's two Cassiar, B.C. area properties, its Southeastern B.C. gold prospect and its Idaho claims, several other opportunities in the mining industry in North America and elsewhere are actively being pursued.
On behalf of the Board of Directors,
Kenneth R. Holmes, Chairman


The TSX has neither approved nor disapproved of the information contained herein.

For more information, please contact
Velocity Minerals Ltd.
Jeremy Yaseniuk
Investor Relations
(604) 689-7411 or Toll Free: (866) 920-0567
info@velocityminerals.com
www.velocityminerals.com

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