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AndeanGold Receives Approval for Drilling at Urumalqui Project in Peru

AndeanGold Ltd. (TSX VENTURE:AAU) has announced that Peru's Ministry of Energy and Mines has issued the approval voucher of the Company's Declaration of Environmental Impact Study application for its advanced-stage Urumalqui Au-Ag exploration project in Peru.

17 Feb 2011

Obama Proposes Hard Rock Mining Royalties

President Obama has submitted a new budget proposal to Congress that will charge royalties to mine some hard rock minerals. The budget proposes that new royalties on silver, gold and copper hard rock mining be levied. Then the states getting paid mineral revenues would need to pay back some of it to manage the costs of handling mineral releases.

16 Feb 2011

Azimut Exploration and Aurizon Mines Encounter High Tungsten Grades at Rex South Property

Azimut Exploration Inc. and Aurizon Mines Ltd. announce that high tungsten grades, up to 4.62% W, have been received for check analyses performed on 37 tungsten-bearing grab samples collected during the 2010 field program on the Rex South property, Nunavik, Quebec.

From Azimut Exploration Inc. 16 Feb 2011

Northgate Minerals Reports Updated NI 43-101 Resource Estimate for Kemess Underground Project

Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) has reported an updated NI 43-101 compliant resource estimate for the Kemess Underground Project, located five kilometres north of the Kemess South mine and milling complex in north-central British Columbia.

16 Feb 2011

Abcourt Mines Reports Additional Drilling Results from Abcourt-Barvue Silver-Zinc Property

Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI) (BERLIN:ABI) (FRANKFURT:ABI) has announced the results of six holes drilled on sections 5100E to 5190E at depths ranging from 150 to 200 m from surface at the west end of the Abcourt-Barvue ore zone.

From Abcourt Mines Inc. 16 Feb 2011

Eagle Plains Resources Completes Additional Drill Holes at Iron Range Project

Eagle Plains Resources Ltd. (EPL:TSX-V) and Providence Resources Corp. (TSX-V:PV) have completed 5 additional diamond drill holes since the re-commencement of drilling on the Iron Range project in January 2011, for a total of 15 drill holes and 7,165m of drilling to date.

From Eagle Plains Resources Ltd. 16 Feb 2011

Alexco Resource Receives Core Drilling Results from Flame + Moth Property, Yukon

Alexco Resource Corp. (TSX:AXR)(NYSE Amex:AXU) has announced results from 2010 core drilling at its Flame & Moth property, within the Keno Hill Silver District in Canada's Yukon Territory.

From Hecla Mining Company 16 Feb 2011

Redhill Resources Completes Scoping Study for Development of Deflector Deposit in Gullewa Project

Redhill Resources Corp., (TSX VENTURE:RHR), announces that Mutiny Gold Ltd. (ASX:MYG), operator and optionee of Redhill's wholly owned Gullewa Copper-Gold Project, has informed Redhill that it recently completed a scoping study for development of the Deflector deposit, located within the Gullewa Project area in the South Murchison region of Western Australia.

16 Feb 2011

Virgin Metals Completes Resource Estimate for Los Verdes Copper-Molybdenum Deposit in Mexico

Virgin Metals Inc. (TSX VENTURE:VGM) has announced the completion of a resource estimate prepared by Golder Associates Ltd. for the 100% owned Los Verdes Copper-Molybdenum deposit in Sonora Mexico.

16 Feb 2011

Yale Resources Intersects 698.6 G/T Silver over 2 Metres at Los Amoles Property

Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) has reported that field work at the Los Amoles Property continues to expand the main mineralized zone and has defined a vein system that has been traced on surface for approximately 800 metres along strike.

16 Feb 2011