Fire River Drills 5.35 Metres Grading 53.98 g/t Gold at Nixon Fork

Fire River Gold Corp. (TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the "Company" or "Fire River") is pleased to announce results from its November and December 2012 underground diamond drilling program (Figure 1 and 2) at its wholly owned Nixon Fork Gold Project in Alaska.  Fire River completed 27 underground diamond drill holes totalling 1422 metres targeting the 3550 ore zone in the Crystal Mine. Drilling has delineated thick intervals of high-grade gold mineralization as well as substantial zones of very high grade gold.

Published: 28 February 2013
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Atico Drills 119 Meters of 6.9% Copper and 6.3 g/t Gold; Discovers New Massive Sulfide Body at El Roble Mine in Colombia

Atico Mining Corporation (TSX VENTURE:ATY) announces that ongoing underground drilling at its El Roble mine project in Colombia has discovered a significant new massive sulfide body at the north end of known mineralization, which now extends 360 meters along strike and 250 meters below level 2000, the lowest production level at the mine. The company also reports results of seven new diamond drill core holes (ATDHR-20 through ATDHR-26), which included 119 meters of 6.9% copper and 6.3 g/t gold.

Fernando E. Ganoza, CEO, commented, "Drilling continues to discover new and extend high-grade massive sulfide copper and gold bodies in the immediate vicinity of the El Roble mine.

Published: 24 January 2013
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Tres Cruces Mineral Resource Estimate Updated: 2.6 Million Oz. of Gold, Measured and Indicated

New Oroperu Resources Inc. (the "Company" or "Oroperu") (TSX VENTURE:ORO) is pleased to announce the completion of a National Instrument 43-101 ("NI 43-101" or the "Instrument") compliant technical report on its Tres Cruces Project ("Tres Cruces") located in North Central Peru. The report, prepared by Peter A. Lacroix, P.Eng. of Lacroix & Associates ("L&A"), a Qualified Person as defined by the Instrument, updates mineral resource estimates for Tres Cruces based on all available information to date and has been filed for public viewing on SEDAR.com.

Published: 16 October 2012
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Commerce Resources Corp. Reports Robust Economics from Preliminary Economic Assessment for the Ashram Rare Earth Element Deposit, Northern Quebec

Highlights

  • Study results show a strongly positive cash flow from a 4,000 tonne per day open-pit operation at Ashram with a 25-year mine life, a pre-tax and pre-finance Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44% and a pre-tax/pre-finance payback period of 2.25 years.
  • SGS's economic evaluation was based on the March 6, 2012 resource estimate which used a base case geologic cut-off grade of 1.25% TREO and provided 29.3 million tonnes (Mt) of measured and indicated resource, as well as 219.8 Mt of inferred resource averaging 1.88% TREO.
    Published: 24 May 2012
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Pebble to challenge borough ordinance in Alaska Superior Court

State of Alaska: "If enacted, the initiative would be preempted by state law"

By a narrow 280 - 246 (53 - 47%) margin, voters in Southwest Alaska's Lake & Peninsula Borough have supported a ballot measure that, if upheld by the courts, would restrict future development that affects more than one square mile of land within the 31,000 square mile borough. The Pebble Limited Partnership (the "Pebble Partnership" or "PLP") and the State of Alaska view the initiative sponsored by anti-Pebble activists as unconstitutional and unenforceable because it seeks to restrict development of state-owned resources on state lands through a municipal ordinance, and will challenge it in Alaska's Superior Court.

Published: 18 October 2011
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  1. Avion Gold Corporation ( AVR )
  2. Timmins Gold Corp ( TMM )
  3. Castillian Resources Corporation ( CT )
  4. Duluth Metals Limited ( DM )
  5. Calibre Mining Corp ( CXB )