Alaska Freegold-Alaska and Canada Mining News

Community response to coal theft at food bank is overwhelming

2009-03-28T20:32:00.000-07:00

The Fairbanks Community Food Bank lost 1,000 pounds of coal to a thief, but has more than made up for it, thanks to local donations.

The community food bank has been fielding phone calls from local residents and businesses donating money to cover the theft of $55 worth of coal.

The donations are equal to 10 tons of coal.

Full Story

Norton Sound and Onshore Alaska Placer Gold Project JV

2008-12-18T18:41:00.000-08:00

LAS VEGAS, NV, Dec 15, 2008 (MARKET WIRE via COMTEX) -- Arctic Oil & Gas Corp. (PINKSHEETS: AOAG), a resources development company, is pleased to announce the Company's precious metals division is progressing joint venture its plans for two new mine developments in 2009. The JV partners intend to finance and develop two or more large-scale placer mines starting on the various granted State leases, with gold production in commencing in 2009.
Denali Placer Gold Mine Expansion: The mine has a 1 million yards per year mining-processing plant already on site. The Company plans to upgrade the existing mine production equipment to a 60,000 ounces per year mining operation commencing in 2009, with estimated Gold production costs of $300/ounce. Tenements are fully permitted Claims with 500,000 ounce drill indicated placer resources.
Norton Sound Alaska Oceanic Placer Gold Mine: The company is finalizing plans to construct new large-scale suction-cutter gold dredges to produce 250,000 ounces in the next summer season. Norton Sound offshore placer gold grades are approximately 0.50 grams/M3 ($13.40/M3 at $835/oz; estimated from over 3,000 drill samples), which should result in Gold production costs of less than $200/ounce. The tenements are OCS 720 square mile Leases Application and 2,000 acre Granted State Waters Leases, with 1.5-10 million ounce placer Gold resource potential.
Ocean Going Gold Dredges:
The Company is receiving strong institutional investor interest in its planned Non-dilutive, private LLC offering for institutional investors to fund these two mines and others under consideration. The interest stems in large part from the increasing shortage of physical gold bullion supplies to satisfy both rapidly increasing central and regional bank reserves needs, as well as increasing bullion demands from large institutional groups and individual fleeing paper assets.
The Company plans to bring all corporate filings up to date in the first quarter, 2009.
OIL-GAS: The Company and partners have speculative Claims and lease applications over four areas with proven and potential oil and or gas reserves. The Company believes that in the future the oil price will rise to levels which will justify their development.
Please visit www.arcticoag.com and www.strategicnine.com
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Actual results may differ from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks associated with oil & gas exploration risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect AOAG's financial results is included in its filings with the Securities and Exchange Commission.

Contact:
Peter Sterling
323-356-7777
Email Contact

SOURCE: Arctic Oil & Gas Corp.

St Andrew Grants Option on Nixon Fork Alaska Property

2008-12-18T18:29:00.000-08:00

St Andrew Goldfields Ltd. (TSX:SAS) ("St Andrew" or the "Company") announces that it has granted to Pacific North West Capital Corp. ("PFN") an option to acquire the outstanding shares of Mystery Creek Resources, Inc. ("MCR"), the Company's wholly owned subsidiary which owns the Nixon Fork gold property located 56 kilometers northeast of McGrath, Alaska. Under the terms of the option, which is exercisable until February 15, 2009, PFN may acquire the shares of MCR by paying the Company US $500,000, of which US $100,000 has been paid, US $100,000 is payable on closing of the transaction of purchase and sale and the balance is payable in three equal installments due May 1, July 1 and September 1, 2009. PFN has indicated that exercise of the option is subject to satisfactory completion of due diligence and receipt of regulatory approvals.

"The decision to sell Nixon Fork reflects our strategy to continue to focus our efforts and resources on bringing our Holloway Holt property into production as soon as possible", said Jacques Perron, President and CEO of St Andrew.

About St Andrew

St Andrew is a gold mining and exploration company with operations in Timmins, Ontario and Alaska. St Andrew controls a very large land position in the Timmins Mining Camp, an extensive land position at Eskay Creek in northern British Columbia and land positions around Nixon Fork Gold Mine in the Kuskokwim-Tintina Mining Camp in Alaska.

FORWARD LOOKING STATEMENTS

This news release may contain forward-looking information under applicable securities laws, concerning St Andrew's business, operations, financial performance, condition and prospects, as well as management's objectives, strategies, beliefs and intentions. Forward looking information are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "intend" and similar words referring to future events and results, including completion of the sale of MCR. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information as actual results may differ materially from those expressed or implied in the forward looking information. St Andrew does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

International Tower Hill Mines Ltd.: Livengood Gold Deposit Expands in all Directions

2008-12-12T14:05:00.001-08:00

400 metre step-out intersects 126.5 metres at 1.23 g/t Gold MK-RC-0078 - 134.1 metres @ 1.03 g/t Gold MK-RC-0098 - 62.49 metres @ 1.09 g/t Gold MK-RC-0099 - 53.34 metres @ 1.10 g/t Gold

Last update: 1:13 p.m. EST Dec. 10, 2008
VANCOUVER, BRITISH COLUMBIA, Dec 10, 2008 (MARKET WIRE via COMTEX) -- International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX VENTURE: ITH)(NYSE-A: THM)(FRANKFURT: IW9) is pleased to announce the latest drill results from its 2008 resource expansion drilling program at its bulk tonnage Livengood gold project near Fairbanks, Alaska (see Table 1). These results, many from the edges of the 2008 Core Zone drill pattern or significant step outs, demonstrate the significant expansion potential of the deposit. Of the 13 new holes announced in this release, seven have ended in higher grade mineralization, punctuating the excellent depth potential of the deposit.
The new assays demonstrates the continuity of higher grades to the edges and beyond the currently defined Core Zone drill area: to the south (MK-RC-0099 with 53.3 metres @ 1.1 g/t gold, 35.1 metres @ 1.3 g/t gold & 12.2 metres @ 1.2 g/t gold), to the southwest (MK-RC-0098 with 62.5 metres @ 1.1 g/t gold) and to the northeast (MK-RC-0095 with 13.7 metres @ 1.0 g/t gold & 126.5 metres @ 1.2 g/t gold) (see Figures 1 and 2). Hole MK-RC-0095 represents a major 400 metre step out to the east-northeast from the Core Zone and is extremely encouraging for the intervening area, which is one of the key targets of the winter drilling program to be started in February 2009. The results continue to expand the mineralization beyond the boundaries of the current resource, all of which will be included in the updated 43-101 resource estimate scheduled for February, 2009 following the return of assays for the remaining 15 2008 drill holes (see Figure 1).
These new results, particularly MK-RC-0095, continue to support the concept of an overall northeast-southwest trend to the zone of mineralization above and beyond the Core Zone as currently defined. They also highlight a number of high priority targets for expanding the higher grade zone of the deposit. In 2009 the Company will carry out a two stage drill program, including a 5,000 metre winter program and a 6,500 metre summer program, both of which will focus on the higher grade target areas.

Table 1: New Drill Result Highlights, Livengood Project, Alaska
Significant intercepts calculated using 0.25 g/t gold cut-off
From To Length Gold
Hole ID (metre) (metre) (metres) (g/t)
---------------------------------------------------------------
---------------------------------------------------------------
MK-RC-0078 134.11 144.78 10.67 0.58
150.88 153.92 3.04 13.85
164.59 298.70 134.11 1.03
MK-RC-0083 176.78 227.08 50.30 0.84
includes 184.40 193.55 9.15 2.20
252.98 262.13 9.15 0.70
277.37 288.04 10.67 0.69
MK-RC-0092 245.36 257.56 12.20 0.48
MK-RC-0093 140.21 182.88 42.67 0.62
188.98 214.88 25.90 0.63
231.65 262.13 30.48 1.07
268.22 291.08 22.86 1.38
includes 281.94 291.08 9.14 2.40
295.66 304.80 9.14 0.93
309.37 315.47 6.10 1.74
MK-RC-0095 1.52 19.81 18.29 0.63
47.24 60.96 13.72 1.02
67.06 129.54 62.48 0.92
141.73 268.22 126.49 1.23
includes 167.64 178.31 10.67 4.59
MK-RC-0096 60.96 67.06 6.10 4.93
137.16 140.21 3.05 5.19
150.88 173.74 22.86 1.70
includes 155.45 167.64 12.19 2.94
178.31 188.98 10.67 1.17
MK-RC-0098 156.97 219.46 62.49 1.09
MK-RC-0099 89.82 108.20 18.28 0.82
121.92 175.26 53.34 1.10
204.22 239.27 35.05 1.31
246.89 259.08 12.19 1.21
MK-RC-0100 164.59 182.88 18.29 0.72
includes 173.74 178.31 4.57 2.02
188.98 198.12 9.14 0.58
201.17 213.36 12.19 0.75
224.03 252.98 28.95 0.86
262.13 274.32 12.19 0.72
MK-RC-0102 117.35 141.73 24.38 1.90
163.07 169.16 6.09 0.91
211.84 274.32 62.48 0.84
MK-RC-0104 Hole lost at 128m
MK-RC-0105 Re-drill of hole 104 - No significant results
MK-RC-0106 115.82 124.97 9.15 1.83
128.02 153.92 25.90 0.90
179.83 190.50 10.67 1.59
193.55 208.79 15.24 0.72
210.31 281.94 71.63 0.83
309.37 335.28 25.91 1.70

To view Figure 1 and Figure 2 please click on the following link: http://media3.marketwire.com/docs/ITH%20FIGURES.pdf
Qualified Person
Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Pontius is not independent, as he is the President and CEO of ITH and holds common shares and incentive stock options.
The work program at Livengood was designed and is supervised by Dr. Russell Myers, Vice President, Exploration, and Chris Puchner, Chief Geologist (CPG 07048), of the Company, who are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project photograph the core from each individual borehole prior to preparing the split core. Duplicate reverse circulation drill samples are collected with one split sent for analysis. Representative chips are retained for geological logging. All sample shipments are sealed and shipped to ALS Chemex in Fairbanks, Alaska for preparation and then on to ALS Chemex in Vancouver, B.C. for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to advanced gold and base metal discoveries. The Company's 100% owned Livengood deposit is an advanced bulk tonnage resource expansion project that is the current focus of its Alaskan program. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.
On behalf of INTERNATIONAL TOWER HILL MINES LTD.
Jeffrey A. Pontius, President and Chief Executive Officer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the anticipated preparation and timing of an updated 43-101 resource estimate at Livengood, the potential for a significant expansion of the estimated Livengood resources, business and financing plans and business trends. Information concerning mineral resource estimates also may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, should and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the inability of the Company to obtain assay results in a timely manner due to laboratory workload, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, including those detailed above, and other risks identified in the Company's most recent Management Discussion and Analysis and Form 20F annual report. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its US disclosure filings at www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release and other information released by the Company uses the terms "resources", "inferred resources" and "indicated resources". United States investors are advised that, while such terms are recognized and required by Canadian securities laws, the SEC does not recognize them. Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Mineral resources that are not mineral reserves do not have demonstrated economic viability. United States investors are cautioned not to assume that all or any part of inferred or indicated resources will ever be converted into reserves. Inferred resources, in particular, have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred or indicated resources will ever be upgraded to reserves. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred or indicated resources exist, or that they can be mined legally or economically.
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all resource estimates contained in this press release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resource and Mineral Reserves, adopted by the CIM Council on November 14, 2004 (the "CIM Standards") as they may be amended from time to time by the CIM. United States shareholders are cautioned that the requirements and terminology of NI 43-101 and the CIM Standards differ significantly from the requirements and terminology of the SEC set forth Industry Guide 7. Accordingly, the Company's disclosures regarding mineralization may not be comparable to similar information disclosed by companies subject to the SEC's Industry Guide 7.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
NR08-27
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

Contacts:
International Tower Hill Mines Ltd.
Quentin Mai
Vice-President - Corporate Communications
(604)683-6332 or Toll Free: 1-888-770-7488
(604) 408-7499 (FAX)
Email: qmai@internationaltowerhill.com
Website: www.internationaltowerhill.com

SOURCE: International Tower Hill Mines Ltd.

ITH Discovers New High-grade Gold Mineralization on West Pogo Project, Alaska

2008-12-12T14:00:00.000-08:00

International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX VENTURE: ITH)(NYSE-A: THM)(FRANKFURT: IW9) is pleased to announce the discovery of high-grade gold mineralization at its West Pogo Project in Alaska. The Company's 2008 West Pogo exploration program has discovered a new area of high-grade gold mineralization to the east of earlier discoveries. Six of the 24 rock samples taken from this new zone returned greater than 1 g/t gold, ranging in grade from 1.2 to 118.5 g/t gold from sericitically altered granite and quartz vein material. This zone falls within an overall east-west trend of high-grade gold occurrences extending for some 25 kilometres within the Pogo Gold District (Figure 1).

To view Figure 1, please click on the following link: http://media3.marketwire.com/docs/Figure1ITH.jpg

Results

Previous exploration at West Pogo focused on the area on the western side of the property where historical sampling had encountered weakly anomalous rocks and soils. The 2008 program focused its effort on the eastern side of the property within a recently burned area which enhanced rock exposures. A train of mineralized granite float was encountered 150 metres northeast of the 2003 AngloGold Ashanti (U.S.A.) Exploration Inc. ("AngloGold") drill site with visible gold found in several pieces of float. Additional mineralized rocks and anomalous soils were found over an area extending over 700 metres to the east of the visible gold discovery. The mineralization consists of vuggy quartz veins and breccias in granite with strong sericitic and local tourmaline alteration. The mineralization has modest arsenic values and low bismuth values (Table 1).

Table 1: 2008 West Pogo Rock Samples with greater than 1 g/t Gold(i)
Gold Silver As Sb Bi Te
Sample ID Lithology (g/t) (g/t) (ppm) (ppm) (ppm) (ppm)
-----------------------------------------------------------------------
RK808448 vein 118.5 437.0 741 252 0.8 0.025
RK808440 granite 7.1 0.5 96 37 0.8 0.050
RK808452 granite 5.7 1.7 2910 108 0.6 0.090
RK808314 vein 2.1 1.6 438 48 0.2 0.050
RK803899 breccia-tectonic 1.9 8.5 128 233 1.7 0.025
RK808438 breccia-tectonic 1.2 0.6 213 49 0.3 0.025
(i) A total of 24 rock samples were taken from the new zone, ranging in
grade from nil to 118.5 g/t gold and averaging 5.54 g/t gold. Of
these samples, 54% exceeded 0.5 g/t gold and 25% exceeded 1 g/t gold.

The controls on mineralization are not well understood at the moment, however, the distribution of mineralized rocks and soils suggest the high-grade gold mineralization is related to an east-northeast structural zone along the margin of a granitic intrusive. This newly discovered high-grade mineralization is exciting in that it lies along a generalized east-west trend of district-scale gold occurrences that extend both east and west of the Pogo Mine. The Company plans to follow up on these highly encouraging results as time and resources become available.

West Pogo Project Summary

The West Pogo Project consists of a 20 square kilometre block of State of Alaska mining claims owned 100% by the Company and located 5 kilometres west of the Pogo Gold Mine. The bedrock geology consists of Paleozoic metamorphic rocks which have been intruded by younger, probably Cretaceous, granites. Gold mineralization was first discovered in the area in 1998 with the property being acquired by AngloGold in 2001. In 2003 a single hole was drilled by AngloGold which encountered wide zones of sericitic alteration and multiple zones of low-grade gold mineralization.

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pontius is the President and CEO of ITH.

The 2008 work program at West Pogo was designed and supervised by Dr. Russell Myers, Vice President of Exploration, Talon Gold (US) LLC (a wholly owned subsidiary of ITH responsible for carrying out the Company's exploration programs), who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project photograph all sample shipments which are then sealed and shipped to ALS Chemex in Fairbanks, Alaska for preparation and on to Vancouver, B.C. for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to advanced gold and base metal discoveries. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.

On behalf of INTERNATIONAL TOWER HILL MINES LTD.

Jeffrey A. Pontius, President and Chief Executive Officer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are 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 statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, including those detailed above, and other risks identified in the Company's most recent Management Discussion and Analysis and Form 20F annual report. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its US disclosure filings at www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR08-26

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

Contacts:
International Tower Hill Mines Ltd.
Quentin Mai
Vice-President - Corporate Communications
Toll Free: 1-888-770-7488 or (604) 683-6332
(604) 408-7499 (FAX)
Email: qmai@internationaltowerhill.com
Website: www.internationaltowerhill.com

Arctic Oil & Gas Corp. (AOAG): Norton Sound and Onshore Alaska Placer Gold Project JV

2008-12-12T13:58:00.001-08:00

LAS VEGAS, NV, Dec 08, 2008 (MARKET WIRE via COMTEX) -- Arctic Oil & Gas Corp. (PINKSHEETS: AOAG) (360 million shares issued), a resources development company, is pleased to announce the Company's precious metals division has secured agreements to pool its Nome offshore OCS lease Application with Shell Trust Dredge Engineers, holders of options over adjacent granted State Waters leases with drill indicated gold reserves of approximately 500,000 ounces or more, and additional onshore placer resources property carrying additional 500,000 ounces gold resources, both of which could be producing in 2009-2010.
AOAG is pooling its Norton Sound OCS applications of which it is an 80% equity partner into the new 50%-50% profit-sharing joint venture with the R.E Shell Trust, a long-established gold dredging-engineering group, whose principals have produced millions of ounces of gold utilizing suction-cutter dredges of their own design. Some of these dredges were ocean-going in size. Shell owns proprietary drill sample results of Nome offshore placer deposits extending into AOAG's lease application areas, from ship-based sampling campaigns they conducted.
The JV partners intend to finance and develop two or more large-scale placer mines starting on the JV granted State leases, commencing gold production in 2009-2010.
JV PLACER GOLD; 2009-2010 PRODUCTION PROJECTS.

1) Norton Sound Alaska Oceanic Placer Gold Project; OCS 720 square mile
Leases Application and 2,000 acre Granted State Waters Leases. With
1.5-10 million ounce Gold placer resource potential at
250,000 - 500,000+ ounces per year production rate.
2) Denali Placer Gold Project; Alaska Onshore fully permitted Claims with
500,000 ounce drill indicated reserves and mining equipment already on
site. With plans to upgrade production equipment to a 60,000 ounces per
year operation in 2009. Estimated Gold production costs $300/ounce.

Ocean-Going Gold Dredges: The Shell-designed high-capacity suction cutter dredges transformed the American gold dredging industry and dramatically lowered large-scale mining costs to less than $0.50/M3. The deployment of new large-scale dredging equipment, coupled to Shell's proven vibrating-gravity gold recovery plant should make the Nome offshore placers profitable today.
Using Shell-designed dredges, mining costs could halve AOAG's previously estimated $4.00/M3 costs, with targeted recoverable Norton Sound grades of approximately 0.50 grams/M3 ($12.00/M3) resulting in Gold production costs of less than $200/ounce.
The JV is preparing a Non-AOAG-stock-dilutive, private LLC offering memorandum for institutional investors to fund these two mines and also build additional plants on other leases under investigation. There is no guarantee that the various Leases and Claims will be secured by the JV until sufficient financing has been secured.
OIL-GAS: The Company and partners have speculative Claims and lease applications over four areas with proven and potential oil and or gas reserves. The Company believes that in the future the oil price will rise to levels which will justify their development.
Please visit www.arcticoag.com and www.strategicnine.com
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Actual results may differ from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks associated with oil & gas exploration risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, government regulation and taxation. More information about factors that potentially could affect AOAG's financial results is included in its filings with the Securities and Exchange Commission.

Contact:
Peter Sterling
323-356-7777
Email Contact

SOURCE: Arctic Oil & Gas Corp.

Walter Industries Inc reports addition of 46m tons of premium hard coking coal reserves

2008-12-12T13:56:00.000-08:00

Dec 12, 2008 (M2 EQUITYBITES via COMTEX) -- WLT | Quote | Chart | News | PowerRating -- Walter Industries Inc (NYSE: WLT), a producer and exporter of metallurgical coal, declared on 11 December that Jim Walter Resources has leased approximately 46 million tons of additional high-quality Blue Creek Coal reserves contiguous to its Mine No. 4 and Mine No. 7 operations near Brookwood, Alaska.

The terms of the leases, including royalty rates, are consistent with its existing lease agreements.

According to Jim Walter Resources' chief executive officer, George R. Richmond, the 46m tons of premium hard coking coal reserves are an excellent strategic addition to its existing Blue Creek Coal reserves. The coal is of a similar quality to its other metallurgical coals.

The reserves are adjacent to Jim Walter Resources' current mining operation, which has the potential to expand its production capacity efficiently in the future.

Hastings named top Republican on resources committee

2008-12-12T13:54:00.000-08:00

By LES BLUMENTHAL
McClatchy Newspapers

WASHINGTON -- Washington Rep. Doc Hastings on Thursday was named the top Republican on the House Natural Resources Committee, a panel that has jurisdiction over everything from endangered species to federal irrigation projects, from the Bonneville Power Administration to the nation's parks and forests.

The Republican Steering Committee selected Hastings, who served on the committee during his first term in Congress but was required to take a leave of absence when he was appointed to the House Rules Committee. Even so, Hastings' seniority on the Natural Resources Committee continued to accrue.

Hastings ranked fourth in seniority on the resources committee.

"This post offers an opportunity to make a real difference for families and communities across the West and throughout rural America," Hastings said in a statement. "As ranking member, I will work to strike a responsible balance between protecting our nation's many natural treasures and spurring economic recovery through wise use of energy, water, minerals and timber resources."

The position became vacant when Alaska Rep. Don Young stepped aside Wednesday under pressure from Republican leadership.

Full Story/Source

Swiss may have to print money to stave off deflation

2008-12-12T13:48:00.000-08:00

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 11, 2008

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3710374/...

The Swiss National Bank has cut interest rates to 0.5 percent and opened the door for emergency stimulus, becoming the first country in Europe to flirt with zero policy rates.

South Korea cut to 3 percent and Taiwan cut to 2 percent, the lowest in 30 years. Both countries are facing a collapse in exports to China and traditional markets in the West.

Thomas Jordan, a board member of the SNB, said the bank was mulling extreme measures to stabilise the financial system and cushion the economy as it falls into recession next year.

"We could engage in quantitative easing and we could intervene in foreign exchange markets or we could buy up bonds and try to influence long-term interest rates. All these options are open and we're not limited in any way in choosing from among these instruments," he said.

Quantitative easing is the tool pioneered by the Bank of Japan to stave off deflation. It is tantamount to printing money.

David Bloom, currency chief at HSBC, said the shift in policy was breathtaking. "The SNB are the hard men of central banking; they are even harder than European Central Bank. What they are saying is that inflation is no longer a problem, it's the solution. They want stimulus any way they can get it."

The banking sector makes up 20 percent of Swiss GDP, leaving the country extremely exposed to the credit crisis. The liabilities of Credit Suisse and UBS are equal to seven times national GDP. This has echoes of the situation in Iceland before the country collapsed, although Swiss banks have a much better mix of assets.

"The crucial difference is that the Swiss own half a trillion dollars of external assets. They have a current account surplus of 16 percent of GDP. This is their ace in the hole. If push ever comes to shove, the Swiss taxpayers have the money to pay," said Mr Bloom.

Switzerland, Sweden, Britain, and Canada are all now following the US Federal Reserve in taking revolutionary action to head off a slump next year, while the ECB has moved with much greater caution. It is unclear whether this reflects a rift in doctrinal policy, or whether the ECB is less able to respond to crises because of its treaty-bound institutional structure. The ECB's chief theorist, Lorenzo Bini-Smaghi, said it was hazardous for central banks to cut rates too low and risk using up ammunition.

New higher limit Zimbabwe currency issued

2008-12-12T13:46:00.000-08:00

HARARE, Zimbabwe, Dec. 12 (UPI) -- The Reserve Bank of Zimbabwe introduced new $200 million and $500 million notes in Harare on Friday.

The RBZ says the new notes should pave way for the increase in withdrawal limits to $500 million a week.

A week ago, the RBZ unveiled $10 million, $50 million and $100 million notes.

Officials say the 500 million Zimbabwean dollar note is worth about $8 in U.S. currency, enough to buy eight loaves of bread, in the southern African country's latest sign of spiraling hyperinflation.

Underworld Continues to Expand Golden Saddle Discovery, White Gold Property, Yukon

2008-11-26T13:04:00.000-08:00

Underworld Resources Inc. (TSX VENTURE:UW) is pleased to announce further assay results from the final drill holes of its 2008 drilling program at the 100% owned White Gold Property, Yukon Territory, Canada. To date, Underworld has discovered two separate near surface mineralizing gold systems at the Golden Saddle and Arc Zones. Both areas of mineralization are open to expansion and are potentially amenable to open-pit mining methods.

Full Story

NovaGold forced to suspend operation of Rock Creek mine

2008-11-26T12:58:00.000-08:00

Gold production at the new Rock Creek mine near Nome has been suspended indefinitely while its Canadian owner struggles to overcome mounting debts and other major setbacks.

NovaGold Resources Inc. announced the open-pit mine has suffered from unexpected mechanical problems, including an electrical failure that shut down its mill. The company said it was concerned that the mine might not meet all of the environmental conditions imposed by state and federal regulators for it to continue operating.

"Though this has been a difficult decision with Rock Creek, based on the current economic conditions, and the challenges associated with meeting environmental requirements compounded by working through the arctic winter, we believe these actions are in the best interest of the company at this time," said Rick Van Nieuwenhuyse, NovaGold's president.

He did not elaborate on several key issues, including: how many employees would be laid off; how it planned to manage the gold mine during the suspension; and how long it expected the suspension to last.

Full Story at ADN

Northern Dynasty Minerals Ltd. - Pebble Deposit Drilling Results Update

2008-11-22T13:37:00.000-08:00

VANCOUVER, Nov. 20 /CNW/ - Northern Dynasty Minerals Ltd. ("Northern
Dynasty" or the "Company") (TSX: NDM; AMEX: NAK) reports that core drilling
activities at the Pebble Limited Partnership's ("PLP", "Pebble Partnership" or
the "Partnership") project site in southwest Alaska continue to intersect long
intervals of higher grade mineralization, and demonstrate a very high level of
continuity within the Pebble deposit.
The focus of the Partnership's 2008 drill program is to upgrade the
classification for a large portion of the mineral resource in the Pebble East
area and to delineate the deposit's extent and overall geometry in order to
facilitate comprehensive mine planning. To early November 2008, PLP crews had
completed 123,000 feet of drilling in 27 infill and step-out holes. Results
have been received for 18 holes (numbered 8401 through 8416, 8419 and 8421),
and assays are pending for seven other holes. Drilling is ongoing with six
rigs working on new holes.
"The primary goal of the 2008 drill program is to allow the Partnership
to finalize a Prefeasibility Study next year," said Northern Dynasty President
& CEO Ron Thiessen. "The results we are releasing today are fully consistent
with that goal. Not only do they confirm the consistency and tenor of the
Pebble deposit, but also the potential to expand the mineral resource in
future."
Thiessen said a revised mineral resource estimate for the Pebble deposit
will be complete before year end, and is expected to move a significant
proportion of the mineralization in the Pebble East area from an inferred to
an indicated category. He added that Northern Dynasty plans to cease reporting
on the Pebble West and Pebble East zones separately, and publish a single
mineral resource estimate for the overall Pebble Deposit.
A Table of 2008 Pebble Deposit Assay Results is included with this news
release and a Drill Hole Location Plan Map is posted on Northern Dynasty's
website www.northerndynastyminerals.com/ndm/NewsReleases.asp.

<<
Highlights include:

- Hole 8405 intersected 2,460 feet grading 1.20% copper equivalent
(CuEQ(1)) (0.78% Cu, 0.25 g/t Au, 0.046% Mo). Included in this
intersection is a 386 foot interval grading 1.87% CuEQ (1.40% Cu,
0.16 g/t Au, 0.066% Mo).
- Hole 8410 intersected 1,525 feet grading 1.21% CuEQ (0.80% Cu, 0.44
g/t Au, and 0.023% Mo). Included in this intersection is a 730 foot
interval grading 1.44% CuEQ (0.92% Cu, 0.57 g/t Au, 0.027% Mo).
- Hole 8412 intersected 1,301 feet grading 1.76% CuEQ (1.11% Cu, 0.69
g/t Au, and 0.038% Mo). Included in this intersection is a 649 foot
interval grading 1.96% CuEQ (1.34% Cu, 0.65 g/t Au, 0.036% Mo).
- Hole 8413 intersected 2,469 feet grading 1.15% CuEQ (0.80% Cu, 0.20
g/t Au, and 0.040% Mo). Included in this intersection is a 1789 foot
interval grading 1.32% CuEQ (0.96% Cu, 0.23 g/t Au, 0.036% Mo).
- Hole 8414 intersected 1,224 feet grading 1.27% CuEQ (0.60% Cu, 0.80
g/t Au, and 0.027% Mo). Included in this intersection is a 796 foot
interval grading 1.42% CuEQ (0.59% Cu, 1.06 g/t Au, 0.024% Mo).
- Hole 8515 intersected 2009 feet grading 1.15% CuEQ (0.64% Cu, 0.54
g/t Au and 0.029% Mo). Included in this intersection is a 1060 feet
interval grading 1.52% CuEQ (0.81% Cu, 0.84 g/t Au and 0.028% Mo).
>>

Of particular note, hole 8413 (2,469 feet grading 1.15% CuEQ)
demonstrates the strength of the mineralizing system in the central part of
Pebble East. Holes 8410, 8412, 8414 and 8415 drilled in the southeast, holes
8408, 8411 and 8419 drilled in the northwest, and hole 8404 drilled in the
south, tested for the extent of the deposit. The positive results from these
holes confirm the open-ended potential in these areas.
The 2008 drilling program has also contributed significantly to the
geological and structural understanding of the Pebble deposit which will
assist with the Prefeasibility Study work.
"Pebble continues to distinguish itself as one of the world's great
mineral deposits, with the potential to support a modern, long-life mine that
delivers substantial benefits to shareholders, local communities and the State
of Alaska," Thiessen said. "Based on the positive drill results released
today, and ongoing progress made by the project's engineering, environmental
and stakeholder relations teams, the Pebble Partnership remains on track to
finalize a Prefeasibility Study in the latter half of 2009 and commence
project permitting in early 2010."
Mark Rebagliati, P.Eng., a Qualified Person who is supervising the
exploration and drilling programs for the Pebble Project on behalf of Northern
Dynasty, has reviewed this release.

Review Canadian public filings at www.sedar.com and US public filings at
www.sec.gov.

<<
On behalf of the Board of Directors
Ronald W. Thiessen
President & CEO

-------------------------------------------------------------------------
Core logging and sampling are completed in PLP's secure facility at
Iliamna, Alaska. The NQ-size core is sawn and samples are transported to
the ALS Chemex laboratory in Fairbanks for drying, weighing and crushing.
Samples are shipped by airfreight to the main ALS Chemex laboratory,
North Vancouver, Canada (an ISO 9003 certified laboratory) for final
preparation and analysis. Gold is determined by 30 g Fire Assay (FA)
fusion with an Atomic Absorption Spectroscopy (AAS) finish. Copper,
molybdenum and 23 other elements are assayed by four acid digestion with
an Inductively Coupled Plasma-Emission Spectroscopy (ICP-ES) finish. PLP
includes standards, duplicates and blanks in addition to the laboratory's
internal quality control work. Duplicate samples are analyzed by Acme
Analytical Laboratories of Vancouver, Canada.
-------------------------------------------------------------------------

Sole Responsibility

No regulatory authority accepts responsibility for the accuracy
of this release.
Northern Dynasty is solely and entirely responsible
for the contents of this news release. No other party,
including any parties which have an interest in the project,
are in any way responsible for the contents hereof.

Comments on Forward Looking Information, Estimates and other
Cautionary Factors
>>

This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, especially those that address estimated
resource quantities, grades and contained metals, are forward-looking
statements because they are generally made on the basis of estimation and
extrapolation from a limited number of drill holes and metallurgical studies.
Although diamond drill hole core provides valuable information about the size,
shape and geology of an exploration project, there will always remain a
significant degree of uncertainty in connection with these valuation factors
until a deposit has been extensively drilled on closely spaced centers which
has occurred only in specific areas on the Pebble Project. Although the
Company believes the expectations expressed in its forward-looking statements
are based on reasonable assumptions, such statements should not be in any way
construed as guarantees of the ultimate size, quality or commercial
feasibility of the Pebble Project or of the Company's future performance.
Subsequent results and developments may differ materially from those
postulated in the estimates and forward-looking statements. Other factors that
could cause the Company's actual results and performance to differ materially
from those in forward-looking statements include adverse market prices for
metals, the conclusions of detailed feasibility and technical analyses, lower
than expected grades and quantities of resources, mining rates and metal
recovery rates and the fact that necessary capital may not be available to the
Company on terms acceptable to it or at all. The need for compliance with
extensive environmental and socio-economic rules and practices and the
requirement for the Company to obtain government permitting can cause a delay
or even abandonment of a mineral project. The Company is subject to the
specific risks inherent in the mining business as well as general economic and
business conditions. For more information on the Company, Investors should
review the Company's annual Form 20-F filing with the United States Securities
and Exchange Commission and its home jurisdiction filings that are available
at www.sedar.com.

<<
Information about CuEQ
>>

Copper equivalency or "CuEQ" is a manner of expressing poly-metallic
deposits as a grade of the principal mineralization (by value). As used
herein, gold and molybdenum values have been expressed as part of the copper
grade. CuEQ as calculated herein is based on assumed metal prices of
US$1.80/lb for copper, US$800/oz for gold, and US$10.00/lb for molybdenum.
Copper equivalent has not been adjusted for metallurgical recoveries.
Adjustment factors to account for differences in relative metallurgical
recoveries for gold, copper and molybdenum depend upon the completion of
definitive metallurgical testing. Significant shifts in the relative values of
these metals can significantly change the CuEQ. CuEQ is provided for
illustrative purposes only.

<<
Information Concerning Estimates of Measured, Indicated
and Inferred Resources
>>

This news release uses the terms "measured resources", "indicated
resources" and "inferred resources". Northern Dynasty Minerals Ltd. advises
investors that although these terms are recognized and required by Canadian
regulations (under National Instrument 43-101 Standards of Disclosure for
Mineral Projects), the U.S. Securities and Exchange Commission does not
recognize them. Investors are cautioned not to assume that any part or all of
the mineral deposits in these categories will ever be converted into reserves.
In addition, "inferred resources" have a great amount of uncertainty as to
their existence, and economic and legal feasibility. It cannot be assumed that
all or any part of an Inferred Mineral Resource will ever be upgraded to a
higher category. Under Canadian rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or pre-feasibility studies, or economic
studies except for Preliminary Assessment as defined under 43-101. Investors
are cautioned not to assume that part or all of an inferred resource exists,
or is economically or legally mineable.

<<
PEBBLE DEPOSIT - 2008 ASSAY RESULTS

-------------------------------------------------------------------------
Verti-
cal
Depth Hole
to Di-
Drill Cret- Hole rec- Inter-
Hole ace- Dip tion cept Inter-
Num- ous (degr- (degr- (met From To cept Cu Au(2) Mo CuEQ(1)
ber (feet) ees) ees) res)(feet)(feet)(feet) % g/t % %
-------------------------------------------------------------------------
8401 1115 -90 0 506.9 1768 3431 1663 0.53 0.37 0.026 0.91
-------------------------------------------------------------------------
8401 1115 -90 0 incl. 81.1 1768 2034 266 0.85 0.85 0.024 1.53
-------------------------------------------------------------------------
8402 1376 -90 0 339.9 2433 3548 1115 0.84 0.11 0.019 1.02
-------------------------------------------------------------------------
8402 1376 -90 0 incl. 176.8 2938 3518 580 0.99 0.12 0.028 1.22
-------------------------------------------------------------------------
8403 1091 -90 0 719.9 1091 3453 2362 0.40 0.47 0.027 0.86
-------------------------------------------------------------------------
8403 1091 -90 0 incl. 27.4 1091 1181 90 0.80 0.69 0.019 1.36
-------------------------------------------------------------------------
8403 1091 -90 0 incl. 92.7 2035 2339 304 0.64 0.68 0.025 1.22
-------------------------------------------------------------------------
8404 1099 -90 333 280.7 1206 2127 921 0.64 0.48 0.035 1.14
-------------------------------------------------------------------------
8404 1099 -90 333 incl. 135.3 1683 2127 444 0.74 0.55 0.039 1.32
-------------------------------------------------------------------------
8405 1988 -74 237 749.8 2288 4758 2460 0.78 0.25 0.046 1.20
-------------------------------------------------------------------------
8405 1988 -74 237 incl. 442.6 2528 3990 1452 1.00 0.23 0.050 1.43
-------------------------------------------------------------------------
8405 1988 -74 237 and 117.7 2944 3330 386 1.40 0.16 0.066 1.87
-------------------------------------------------------------------------
8406 1282 -80 70 85.7 3567 3848 281 1.35 0.06 0.014 1.46
-------------------------------------------------------------------------
8407 4360+ -90 0 Lost - No assays
-------------------------------------------------------------------------
8408 989 -90 0 118.9 989 1379 390 0.40 0.67 0.024 0.97
-------------------------------------------------------------------------
8409 1616 -80 270 291.7 1626 2583 957 0.65 0.55 0.038 1.22
-------------------------------------------------------------------------
8409 1616 -80 270 incl. 124.1 1626 2033 407 0.96 0.80 0.051 1.76
-------------------------------------------------------------------------
8410 2426 -68 270 464.8 2617 4142 1525 0.80 0.44 0.023 1.21
-------------------------------------------------------------------------
8410 2426 -68 270 incl. 397.8 2617 3922 1305 0.88 0.47 0.021 1.30
-------------------------------------------------------------------------
8410 2426 -68 270 and 222.5 3192 3922 730 0.92 0.57 0.027 1.44
-------------------------------------------------------------------------
8410 2426 -68 270 and 88.4 3192 3482 290 1.12 0.79 0.023 1.76
-------------------------------------------------------------------------
8411 972 -85 20 686.4 986 3238 2252 0.32 0.34 0.026 0.68
-------------------------------------------------------------------------
8411 972 -85 20 incl. 45.7 986 1136 150 0.61 0.67 0.018 1.14
-------------------------------------------------------------------------
8411 972 -85 20 incl. 45.7 1898 2048 150 0.53 0.40 0.026 0.94
-------------------------------------------------------------------------
8411 972 -85 20 incl. 114.9 2861 3238 377 0.29 0.49 0.048 0.87
-------------------------------------------------------------------------
8412 2684 -73 325 396.5 2807 4108 1301 1.11 0.69 0.038 1.76
-------------------------------------------------------------------------
8412 2684 -73 325 incl. 197.8 2886 3535 649 1.34 0.65 0.036 1.96
-------------------------------------------------------------------------
8413 1618 -90 0 752.4 1619 4087 2469 0.80 0.20 0.040 1.15
-------------------------------------------------------------------------
8413 1618 -90 0 incl. 545.1 1619 3407 1789 0.96 0.23 0.036 1.32
-------------------------------------------------------------------------
8413 1618 -90 0 and 212.9 1619 2317 699 1.21 0.13 0.036 1.49
-------------------------------------------------------------------------
8413 1618 -90 0 and 225.6 2587 3327 740 0.83 0.35 0.040 1.28
-------------------------------------------------------------------------
8413 1618 -90 0 and 51.8 3157 3327 170 0.52 0.96 0.072 1.54
-------------------------------------------------------------------------
8414 2422 -75 318 373.1 2547 3779 1224 0.60 0.80 0.027 1.27
-------------------------------------------------------------------------
8414 2422 -75 318 incl. 242.6 2627 3423 796 0.59 1.06 0.024 1.42
-------------------------------------------------------------------------
8414 2422 -75 318 and 76.8 2942 3194 252 0.71 1.46 0.022 1.78
-------------------------------------------------------------------------
8414 2422 -75 318 and 45.4 3274 3423 149 0.77 1.24 0.035 1.77
-------------------------------------------------------------------------
8415 2634 -77 312 612.3 2703 4712 2009 0.64 0.54 0.029 1.15
-------------------------------------------------------------------------
8415 2634 -77 312 incl. 323.1 2703 3763 1060 0.81 0.84 0.028 1.52
-------------------------------------------------------------------------
8415 2634 -77 312 and 51.8 3183 3353 170 1.04 1.43 0.032 2.15
-------------------------------------------------------------------------
8416 623 -90 0 1009.2 623 3934 3311 0.14 0.16 0.015 0.33
-------------------------------------------------------------------------
8419 1078 -90 0 218.5 3283 4000 717 0.35 0.53 0.003 0.71
-------------------------------------------------------------------------
8419 1078 -90 0 incl. 48.8 3520 3680 160 0.64 0.43 0.007 0.96
-------------------------------------------------------------------------
8421 1690 -73 325 873.6 2212 5078 2866 0.19 0.11 0.003 0.27
-------------------------------------------------------------------------

(1) Copper equivalent calculations use metal prices of US$1.80/lb for
copper, US$800/oz for gold and US$10.00/lb for molybdenum.
Metallurgical recoveries and net smelter returns are assumed to be
100%. CuEQ = Cu % + (Au g/t x 25.72/39.68) + (Mo % x
220.46/39.68).
(2) Au values of greater than 5.0 g/t are capped at 5.0 g/t.
>>

For further information: on Northern Dynasty please visit the Company's
website at www.northerndynasty.com or contact Investor Services at (604)
684-6365 or within North America at 1-800-667-2114

MAX intersects 22 metres of 0.78 g/t gold at Howell

2008-11-22T13:34:00.000-08:00

VANCOUVER, Nov. 21 /CNW/ - MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF;
Frankfurt: M1D) has now received the results from the Howell gold project, the
first of four drill programs completed by MAX during 2008. The Howell project
is located in south-eastern B.C., approximately 40 kilometres southeast of the
city of Fernie.
Twelve holes totaling 1,312 metres of NQ core were completed and two new
soil grids established. Two distinct styles of mineralization were targeted;
the first being carbonate hosted gold and the second being carbonate
replacement mineralization (commonly referred to as "CRD").

<<
The highlights of the 2008 drilling are as follows:

-------------------------------------------------------------------------
Hole From (m) To (m) Width (m) Gold g/t
-------------------------------------------------------------------------
HW-08-06 ext 23.7 204.0 180.7 0.26
-------------------------------------------------------------------------
Including 23.7 74.0 50.7 0.47
-------------------------------------------------------------------------
HW-08-07 88.1 92.0 3.9 0.65
-------------------------------------------------------------------------
and 132.0 138.0 6.0 0.53
-------------------------------------------------------------------------
HW-08-09 8.5 129.0 120.5 0.30
-------------------------------------------------------------------------
including 8.5 30.5 22.0 0.78
-------------------------------------------------------------------------
HW-08-10 8.0 10.0 2.0 0.79
-------------------------------------------------------------------------
HW-08-15 23.3 68.0 44.7 0.41
-------------------------------------------------------------------------
including 23.3 44.0 20.7 0.53
-------------------------------------------------------------------------
>>

At Howell, disseminated gold mineralization occurs in limestone and as
quartz stockworks in limestone and syenite intrusives. Prior drilling included
1.23 g/t gold over 58 metres, 0.95 g/t gold over 39 metres, 0.65 g/t gold over
82 metres, and 0.57 g/t gold over 149 metres.
No CRD mineralization was identified in drill core although one of the
soil grids (the southeastern grid) is believed to indicate such mineralization
with a number of samples collected in 2008 returning very anomalous values in
gold, silver, zinc and lead including values to 130 g/t silver and 1.4% lead
in soil. Holes HW-08-12 and HW-08-13 were drilled during the current program
to test for CRD mineralization in the area where reverse circulation hole
HRC-15, drilled by Placer Dome in 1988, had intersected 7.6 metres of apparent
CRD mineralized dolomite grading 1.5% zinc, 1.4% lead, and 53.2 g/t silver.
Holes HW-08-12 and HW-08-13 were lost at 35 and 86 metres respectively, which
was well short of the target depth, due to drilling difficulties.
A number of additional targets exist at Howell including a stockwork
quartz system in limestone that has returned up to 3 grams gold in previous
sampling and will be considered for further work in 2009. Of the 119 samples
collected in 2008 on the southeastern grid, which is 1.5 kilometres to the
south of the 2008 CRD drill targets, 16 exceeded 100 ppm gold (maximum 714
ppb), 27 exceeded 500 ppm zinc (maximum 9,527 ppm) and 9 exceeded 400 ppm lead
(maximum 14,000 ppm). The southeastern grid was established in 2008 to fill in
an area to the north of manto style zinc, lead, silver mineralization which
was identified during reverse circulation drilling completed by Placer Dome in
1988 (HRC-2 with 7.5 metres grading 2.4% Zn, 0.40% Pb and 15.3 g/t Ag).
Reconnaissance prospecting in this area, completed by Eastfield in 1999,
sampled a 300 metre northeast trending syenite intrusive that returned a value
of 2.75 grams gold from the single sample collected. Review of a subsequent
airborne geophysical survey completed in 2004 highlighted this feature.
This news release has been reviewed by Mr. Clancy J. Wendt, P. Geo, a
qualified person as that term is defined under National Instrument 43-101.
Howell is one of two exploration projects in British Columbia optioned
earlier this year from Eastfield Resources Ltd. (TSX.V:ETF), as announced in
our news release of June 9, 2008.

<<
About MAX Resource Corp.
------------------------
>>
MAX Resource Corp. is a well-financed Canadian based exploration company
with a diversified portfolio of mineral exploration projects in Canada and the
Western United States. Our properties include Uranium projects in the south
western U.S. and northern Canada, Molybdenum in Alaska and Nevada, and Gold in
Nevada and British Columbia.
For more information, please visit our web site at www.maxresource.com.

On behalf of the Board of Directors of
MAX Resource Corp.

"STUART ROGERS"

Stuart Rogers
President

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

This News Release includes certain "forward looking statements". Without
limitation, statements regarding potential mineralization and resources,
exploration results, and future plans and objectives of the Company are
forward looking statements that involve various degrees of risk. The following
are important factors that could cause MAX's actual results to differ
materially from those expressed or implied by such forward looking statements:
changes in the world wide price of mineral commodities, general market
conditions, risks inherent in mineral exploration, risks associated with
development, construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital.

For further information: Leonard MacMillan, Corporate Communication,
Telephone: (800) 248-1872 or (604) 637-2140, info@maxresource.com,
www.maxresource.com

Pacific North West Capital and Stillwater Mining Complete Exploration Program - Goodnews Bay Platinum Project, Alaska

2008-11-22T13:30:00.000-08:00

Pacific North West Capital Corp. ('PFN') (CA:PFN: news, chart, profile) (PAWEF:
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, , ) announces the termination of the exploration agreement with Stillwater Mining Company ('Stillwater') (SWC:
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, , ) and Calista Corporation on the Goodnews Bay Platinum property. The Goodnews Bay property is located on the southwest coast of Alaska, approximately 550 air miles south-southwest of Anchorage, Alaska.
On April 12th 2006, PFN announced that it had signed an option to acquire up to 100% interest in a long-term exploration and mining lease from Calista Corporation, which encompassed an area of 82 square miles in the Goodnews Bay area. Previous placer operations in the streams draining the project area produced approximately 650,000 troy ounces of platinum. PFN began an exploration program on the Goodnews Bay property with the goal of identifying the lode source of the placer deposits.
In a second agreement dated February 26, 2007, Pacific North West Capital Corp. and Calista Corporation had entered into an option/joint venture agreement with Stillwater Mining Company, granting them the right to acquire up to 60% of its interest in the property.
The exploration programs conducted on the Goodnews Bay project culminated with the completion of a seven-hole, 1706 meter drill program completed over the summer field season of 2008. The drill program targeted platinum mineralization at the Last Chance showing, and at the Susie West soil geochemical anomaly. No significant platinum-palladium mineralization was identified during the program.
Based on the 2008 exploration results, Stillwater Mining Company and Pacific North West Capital Corp. have decided to terminate the exploration joint venture and have given proper notice to Calista Corporation.
Pacific North West Capital Corp. would like to thank both Calista Corporation and Stillwater Mining Company for their participation in the exploration of Goodnews Bay and look forward to potential business relationships with both parties in the future.
About Pacific North West Capital Corp.
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J.F) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Xstrata Nickel, Benton Resources, First Nickel and SOQUEM.
Pacific North West Capital Corp. has approximately $8.3 million in working capital and securities.

The Qualified Person for this release is Curt Freeman, M.Sc. P.Geo.

On behalf of the Board of Directors

(signed)
Harry Barr
President & C.E.O.

Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
SOURCE Pacific North West Capital Corp.

Hecla Reports Third Quarter Results, Increases Silver Production by 88%

2008-11-19T19:34:00.000-08:00

COEUR D'ALENE, Idaho, Nov 04, 2008 (BUSINESS WIRE) -- HL | Quote | Chart | News | PowerRating -- Hecla Mining Company (NYSE:HL) today reported a net loss of $3.8million for the third quarter of 2008 compared to net income of $13 million for the same period of 2007. Hecla reported a loss applicable to common shareholders of $7.2 million, or 5c per share, for the third quarter of 2008, compared to income applicable to common shareholders of $12.3 million, or 10c per share, for the third quarter of 2007. Third quarter 2008 results were impacted by higher cash costs per ounce due to increased smelter costs and diesel fuel prices, provisional price adjustments due to decreased metals prices, and increased interest expense resulting from Hecla's acquisition earlier this year of the remaining 70.27% of the Greens Creek joint venture in Alaska. Hecla has $161 million in debt remaining after completing the $750 million purchase of Greens Creek. The company remains on track to meet the estimate of approximately 9 million ounces of silver production in 2008, at an average total cash cost in the range of $3.50 per ounce.

Full Story

Geoinformatics Announces New Discovery At Its Whistler Project in Alaska

2008-11-19T19:32:00.000-08:00

TORONTO, Nov. 4 /CNW/ - Geoinformatics Exploration Inc. (TSX-V: GXL)
("Geoinformatics", "GXL" or the "Company") is pleased to announce that it has
intersected widespread mineralization in the first hole drilled on a regional
prospect called Raintree West, located approximately 1.5 km east of the
Whistler Zone which hosts a NI 43-101 compliant mineral resource estimate.

<<
Highlights

- First hole ever drilled at Raintree West intersected:

- 160 metres grading 0.59 g/t gold, 6.02 g/t silver, 0.10% copper,
0.20% lead, 0.46% zinc (or 1.26 g/t gold equivalent) including:
- 24 metres grading 1.37 g/t gold, 6.32 g/t silver, 0.13% copper,
0.36% lead, 0.80% zinc (or 2.42 g/t gold equivalent).
>>

Raintree West is one of several regional concealed targets drilled by
Geoinformatics during the 2008 summer field season. Assays are pending on
three remaining regional prospects and two holes from the Whistler Zone
itself.
"We are extremely pleased with the discovery of a new mineralized system
on the Whistler Project as it confirms the exploration potential and validates
the Company's innovative exploration techniques," said Mr. Darren Holden,
Chief Operating Officer of Geoinformatics. "We have long suspected that the
mineralization defined at the Whistler Zone is one of many related porphyry
systems on the project. This discovery of widespread porphyry hosted gold
mineralization at Raintree, with comparable grades to those of Whistler's Main
Zone, confirms this theory and bodes well for other similar discoveries to
further enhance the value of the overall Whistler Project."

Raintree West Prospect

The Raintree West prospect lies in a cluster of prospects identified by
the Company using proprietary targeting techniques. Raintree West exhibits a
comparable magnetic signature to that of the Whistler Zone with a coincident
induced polarization (IP) anomaly that extends over 800 metres in length.
Raintree West is a blind target, concealed by a thin veneer (5 metres) of
gravels in relatively flat ground.
Drill hole RN-08-06 was angled west to east and intersected diorite
porphyry rocks immediately below gravel overburden. The first 22 metres of the
diorite porphyry contained low-grade mineralization, below which visible
alteration and veining increased and was accompanied by visible copper, lead
and zinc sulphides over the next 190 metres. The hole remained in diorite
porphyry to the total depth of the hole at 300 metres.

Comment on Metal Ratios and Base Metal Content

Statistical analysis of the assay results shows that the gold in RN-08-06
is directly associated with copper mineralization, as is the case at Whistler.
However, Raintree West's assays exhibit a higher gold to copper ratio of
approximately 5:1 overall. Whistler's Main Zone shows gold to copper ratio of
4:1 compared with 3:1 for the overall Whistler Zone. This, in tandem with the
fact that Raintree West also contains lead and zinc mineralization, suggests
that this intercept may represent the periphery of a gold-copper porphyry
system.

<<
Table 1. Drill hole intercept calculations.
-------------------------------------------------------------------------
Gold
Equi-
From To Width Gold Copper Silver Lead Zinc valent
Hole (metres)(metres)(metres)(g/t) (%) (g/t) (%) (%) (g/t)(1)
-------------------------------------------------------------------------
RN-08-06 27 217 190 0.51 0.09 5.47 0.18 0.41 1.11
-------------------------------------------------------------------------
Including ((*)) 27 187 160 0.59 0.10 6.02 0.20 0.46 1.26
-------------------------------------------------------------------------
Including ((xx)) 106 130 24 1.37 0.13 6.32 0.36 0.80 2.42
-------------------------------------------------------------------------
Including ((xx)) 158 184 26 0.67 0.09 13.55 0.32 0.68 1.66
-------------------------------------------------------------------------

Intercepts calculated using a 0.3 g/t 'gold-equivalent cut-off' on a
minimum 10 metre width and maximum 20 metre internal dilution unless
otherwise noted. Gold-equivalent cut-off is based on the assumptions of
75% recovery of gold and silver and 85% recovery of copper, lead and zinc
and metal prices of US$550 per oz. gold, US$8 per oz. silver, US$1.50 per
lb. copper (as used in the Whistler Resource Estimation and filed on
www.sedar.com) and $0.60 per lb. lead and $0.45 per lb zinc representing
approximately 90% of London Metal Exchange prices on 30th October, 2008.
Gold Equivalent Grade (as opposed to gold-equivalent cut-off) is
presented on the basis of contained metal values assuming the above metal
prices without metallurgical recoveries taken into account and is done in
order to make a direct comparison to the gold value represented in the
gold assay grades.

((*)) Calculated using a 0.7 g/t gold-equivalent cut-off.
((xx)) Calculated using a 1.5 g/t gold equivalent cut-off.

All assays taken on average 2 metre samples of half sawn core and assayed
at Alaska Assay Laboratory located in Fairbanks, Alaska using Fire Assay
for gold and ICP for silver and base-metals. Standards and blanks were
inserted into the sample stream to monitor laboratory performance.
>>

Qualified Person

The technical content of this release was compiled by Darren Holden
(MAusIMM) - Chief Operating Officer of Geoinformatics. Mr. Holden is a
Qualified Person as defined under NI 43-101 guidelines.

About Whistler Project

The Whistler Project is located approximately 160 km. northwest of
Anchorage, Alaska. Whistler is one of the largest groups of contiguous mineral
claim blocks held by a single company in Alaska, outside of existing mines and
mine development projects.
The Whistler Zone hosts a NI 43-101 compliant Indicated resource of
30 million tonnes grading 0.87 g/t gold, 2.46 g/t silver and 0.24% copper and
an Inferred resource of 134 million tonnes grading 0.64 g/t gold, 2.18 g/t
silver and 0.20% copper. In addition, there is considerable mineralization in
the Whistler Zone that has been identified by drilling and reported in the
43-101 resource technical report filed on SEDAR (www.sedar.com), but has not
yet been categorized as a mineral resource.
The Whistler Zone is just one of a cluster of targets and prospects
within the 440 sq. km. block of 732 State of Alaska mining claims that make up
the Whistler Project. Most of these targets are covered by shallow alluvial
sediments and do not have the significant outcrop of the Whistler Zone, but do
have comparable geophysical, geological and/or geochemical signatures.

This news release includes certain forward-looking statements concerning
the future performance of Geoinformatics' business, operations and financial
performance and condition, as well as management's objectives, strategies,
beliefs and intentions. Forward-looking statements are frequently identified
by such words as "may", "will", "plan", "expect", "anticipate", "estimate",
"intend" and similar words referring to future events and results.
Forward-looking statements are based on the current opinions and expectations
of management. All forward-looking information is inherently uncertain and
subject to a variety of assumptions, risks and uncertainties, including the
speculative nature of mineral exploration and development, fluctuating
commodity prices, competitive risks and the availability of financing, as
described in more detail in Geoinformatics' securities filings available at
www.sedar.com. Actual events or results may differ materially from those
projected in the forward-looking statements and the reader is cautioned
against placing undue reliance thereon. We assume no obligation to revise or
update these forward-looking statements.

<<
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
>>
%SEDAR: 00007774E

For further information: Ms. Petra Decher, President & CFO, Tel: (416)
861-1300 x225, Email: petrad@geoinformex.com, Geoinformatics Exploration Inc.,
80 Richmond St West, Suite 303, Toronto, Ontario, M5H 2A4; Mr. Darren Holden,
Chief Operating Officer, Tel: (604) 605-3073 x105, Email:
darrenh@geoinformex.com, Geoinformatics Exploration Inc., 700 West Pender
Street, Suite 304, Vancouver, British Columbia, V6C 1G8, www.geoinformex.com

Kinross Announces Record Quarterly Production and Revenue

2008-11-19T19:27:00.000-08:00

Kinross Gold Corporation (CA:K: news, chart, profile) (KGC:
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, , ) ("Kinross" or the "Company") today announced its unaudited results for the three and nine months ended September 30, 2008.
(This news release contains forward-looking information that is subject to the risks and assumptions set out in our Cautionary Statement on Forward-Looking Information located on page 14 of this news release. All dollar amounts in this news release are expressed in U.S. dollars, unless otherwise noted.)
- Gold equivalent production(1) was 551,510 gold equivalent ounces in the third quarter of 2008, an increase of 47% over the third quarter of 2007 and 36% over the second quarter of 2008, representing a new quarterly record for Kinross. Consistent with previously stated guidance, the Company remains on track to produce approximately 1.8-1.9 million gold equivalent ounces in 2008.
- Revenue was $503.7 million in the third quarter, an increase of 83% over the same period last year, also representing a new quarterly record for Kinross. Revenue was $1.13 billion for the nine months ended September 30, a year-over-year increase of 40%. The average realized gold price was $857 per ounce sold, compared with an average realized gold price of $686 per ounce in the third quarter of 2007, an increase of 25%.
- Cost of sales per gold equivalent ounce(2) was $406 in the third quarter, compared to $383 per ounce in the third quarter of 2007, and was $60 per ounce, or 13%, lower than the second quarter of 2008. Cost of sales per gold equivalent ounce is expected to be approximately $425-445 for the full year 2008, consistent with previously stated guidance.
- Kinross' margin per ounce sold was $451 in the third quarter of 2008, compared with $303 for the third quarter of 2007, an increase of 49%.

Full Story

St Andrew Reports 2008 Q3 Financial Results

2008-11-19T19:24:00.000-08:00

St Andrew Goldfields Ltd. (CA:SAS: news, chart, profile) ("St Andrew" or the "Company") reports for the three months ended September 30, 2008, it had a net loss of $5,273,355 or $0.02 per share as compared to a loss of $24,036,610 or $0.13 per share for the same period in 2007. Net loss for the nine months ended September 30, 2008 was $3,432,580 or $0.01 per share as compared to a loss of $62,154,948 or $0.45 per share for the nine months ended September 30, 2007.

Full Story

Emerging Metal Miners Attractive to Value Investors

2008-11-19T19:21:00.000-08:00

There appears to be an enhanced investment opportunity for long-term value investors in emerging producers selling near cost of investment or book value. We see the mining sector gaining in interest for value investors as they screen for companies selling at 52-week lows, below book value, and with potential to expand margins and earnings. Wholesale redemptions by investors, along with tax loss selling in both the U.S. and Canada, are creating opportunities for value investors looking to acquire companies with both real assets and the potential for increasing production.

Reduced global lending and investment, which caused a shortage of liquidity, has resulted in a deflationary environment unfavorable to commodities, including precious and base metal prices. Recent actions by governments and central banks are largely inflationary, which should lead to higher gold and silver prices as banks begin to lend and invest. A reduction in credit risk should spur a resumption of global growth, increasing demand for commodities and leading to higher base metal prices. While this cycle appears inevitable to long-term investors, this scenario may be delayed by credit markets or anti-growth policies including protectionism, higher taxes, and increased regulation.

Full Story

Full Metal and Highbury Drill 5.5m of 4.28 g/t Au at Moore Creek Gold Project

2008-11-19T19:17:00.000-08:00

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 11, 2008) - Full Metal Minerals (TSX VENTURE:FMM) ("Full Metal") and Highbury Projects Inc. (TSX VENTURE:HPI) ("Highbury") are pleased to announce that assay results have been received from a thirteen-hole, 1,878-meter drilling program at their Moore Creek gold project, located in the Kuskokwim region of West Central Alaska.

The 2008 drilling program followed up on the "Spring" and "Troy" zone discoveries made during the 2007 mechanical trenching program (see FMM 2007 NR #29, November 6, 2007). Both zones consist of northeast trending, steeply dipping, sheeted quartz veins ranging from one to ten centimeters thick with coarse gold and disseminated sulfides, and are hosted within pervasively silicified and tourmaline-altered monzonite of the early Tertiary Moore Creek pluton. Alteration intensity and grade appears to increase to the south, towards the Iditarod-Nixon Fork Fault. Channel samples from the Spring Zone assayed up to 8.86 g/t Au over 11.0m and from the Troy Zone assayed up to 88.5 g/t Au over 0.2m.

The discoveries occur at the headwaters of significant placer gold producing streams; State of Alaska Records (2005) report that Moore Creek has produced over 60,000 ounces of placer gold, often of an exceptionally coarse nature and noted for attached quartz vein rock. Mineralization is located adjacent to the Iditarod-Nixon Fork fault zone, which is also associated with NovaGold/Barrick's Donlin Creek gold deposit (M+I: 29.38M oz; Inf: 17.1M oz; NovaGold News Release Feb 7, 2008) located 90 km to the southwest of the Property.

Holes MC08-01 to MC08-05 and MC08-09 to MC08-12 tested the Spring Zone and Holes MC08-06 to MC08-08 and MC08-13 tested the Troy Zone. Strong alteration was encountered with zones of silicified and tourmaline-altered monzonite with stockwork quartz veins (up to 79 cm wide) and disseminated-massive arsenopyrite, chalcopyrite, pyrite, and rare pyrrohtite intersected in the majority of the holes. Results are as follows:

Full Story

/C O R R E C T I O N from Source -- Silverado Gold Mines Ltd./

2008-11-19T19:12:00.000-08:00

<<
In c9053 transmitted today at 05:00e, incorrect figures appeared in the
table summarizing updated mineral resource estimates for the Workman's
Bench deposit. Other errors occurred throughout the body of the release.
Full corrected and updated copy follows:

Silverado Announces Updated Mineral Resource Estimates for Workman's
Bench Gold and Antimony Deposit at Nolan Creek
>>

VANCOUVER, Nov. 17 /CNW/ - Silverado Gold Mines Ltd. (the "Company" or
"Silverado") SLGLF OTCBB, SLGL Frankfurt, www.silverado.com, is pleased to
announce that it has received updated antimony and gold mineral resource
estimates for its Workman's Bench gold and antimony deposit. The updated
mineral resource estimates have been prepared by Thomas K. Bundtzen
("Bundtzen") of Pacific Rim Geological Consulting Inc., the independent mining
consultant commissioned by the Company to conduct a preliminary feasibility
study on the Nolan Creek property. A NI 43-101 Technical Report in respect of
the updated resource estimates and disclosing the results of the preliminary
feasibility study will be completed and filed within 45 days of this news
release and will be available on SEDAR at www.sedar.com, EDGAR at
www.sec.gov/edgar.shtml and on the Company's website at www.silverado.com. The
updated mineral resource estimates incorporate Silverado's 2007 and 2008 drill
results (available at www.silverado.com under the heading "News Releases", and
on SEDAR), and were calculated using the polygonal block method.
Workman's Bench is the Company's prime exploration target for a lode gold
and antimony deposit in the southwestern part of the Solomon Shear Zone, which
is located on the Company's Nolan Creek Property in Alaska.
Bundtzen has confirmed the presence of three veins ('A', 'B' and 'West')
in the seventy (70) ft. wide mineralized zone of Workman's Bench. The
indicated resource represents a portion of a mineralized zone that is open
along strike and at depth. Additional drilling is planned with respect to this
zone, beginning in Spring, 2009.
The following table summarizes the updated mineral resource estimates for
the Workman's Bench gold-antimony deposit, effective November 3, 2008.

<<
-------------------------------------------------------------------------
Cut-Off
Grade Quantity Grade Metal Grade Metal
Category (% Sb) (ton) (% Sb) (ton Sb) (oz/ton Au) (oz Au)
-------------------------------------------------------------------------
'A' Vein -
Indicated 4.0 28,452 31.52 8,970 0.405 11,520
-------------------------------------------------------------------------
'B' Vein -
Indicated 4.0 8,756 25.63 2,240 0.480 4,210
-------------------------------------------------------------------------
'West' Vein -
Indicated 4.0 5,204 12.80 665 0.302 1,570
-------------------------------------------------------------------------
Average
Grades 4.0 28.00 0.408
-------------------------------------------------------------------------
Totals 42,412 11,875 17,300
-------------------------------------------------------------------------

Notes:

- Indicated Mineral Resources which are not mineral reserves do not
have demonstrated economic viability. The estimate of mineral
resources may be materially affected by environmental, permitting,
legal, title, taxation, socio-political, marketing, or other relevant
issues. A total of 124 mineralized intervals were examined and
provide sufficient exploration data to define these indicated mineral
resources.
- Rounding may result in some discrepancies.
- No process recovery factors have been applied to these resource
figures.
- The unit ton refers to short tons.

Assumptions and Methods

Bundtzen included the following steps during calculation of the indicated
resources at Workman's Bench:

- personal inspection of Workman's Bench lode style gold property
during 2007-2008;
- database compilation and data validation;
- geological interpretation and modeling;
- compositing assay intervals to a common length;
- determination of average material density for lode properties;
- analysis of grade variability;
- polygonal estimation of grade by compositing of sample assay
information taken within designated widths and lengths of mineralized
zones;
- assignment of appropriate cut off grades, the lowest grade that can
be mined economically;
- classification of confidence in the estimates with respect to CIM
(2005) guidelines, and;
- mineral resource tabulation and validation of the resource estimate.
>>

Data Verification

During numerous personal inspections of the Nolan Creek properties (2007
to 2008) the QP has observed sample collection and sample preparation
practices for lode-style deposits.
On June 13 and 14 and September 28 and 29, 2008, the QP visited Nolan
Camp and examined all significantly mineralized core intervals acquired from
the 2007 and 2008 exploration of the Workman's Bench property. A total of
124 mineralized intervals were examined. The analytical data was compared with
each of the mineralized zones to confirm the elevated antimony and gold values
in the sampled intervals.
Drill core intervals were checked through re-assay and inspection. The QP
is satisfied that the sampling and analysis of drill core was carried out in a
sound manner.
Selected field duplicates of sampled intervals, two from underground
channels, and one from a trench, were submitted by the QP to an umpire
laboratory (Alaska Assay Laboratories LLC) to check analytical results from
ALS Chemex. In as much that the samples are collected by different individuals
at different times and analyzed by different labs, the QP judges that results
from this limited comparison indicate acceptable levels of bias and accuracy
for gold and antimony values and confirm the existence of mineralization.

Note to News Release

Please consider the following information in connection with our resource
estimates for Workman's Bench, which we are disclosing in accordance with
applicable SEC standards and regulations:

<<
- Assumed Prices of US $750/oz for gold and US $1.65/lb for antimony.
- Process Recovery Rates of 99% for antimony and 98% for gold (as
provided by Hazen Research following a flotation test on an
underground bulk sample from the D tunnel of the Workman's Bench
A vein).
- Estimated Operating Costs of US $553/ton, based on operation of a
200 ton per day underground mine.
>>

A cutoff grade of 4% antimony was used in our analysis. A 4% cutoff grade
should be regarded as 4.0% antimony equivalent. No cutoff grade was used for
gold as antimony was the primary commodity being examined, and none of the
resource polygons contained less than 0.05 oz/ton gold.

U.S. investors are cautioned that the term "indicated resources" as used
herein, is recognized by NI 43-101 under Canadian regulations, but is not
recognized by the SEC. US investors are advised that NI 43-101 standards and
the SEC's Industry Guide 7 standards are substantially different, and that
many of the terms and concepts set out in and required to be disclosed by
NI 43-101 as information material to the Company are neither recognized by the
SEC nor included in or compliant with Industry Guide 7 standards. U.S.
Investors are also cautioned not to assume that any part of mineral deposits
in the "indicated resource" categories will ever be converted into reserves.

Qualified Person

The mineral resource estimates contained in this news release were
prepared by Thomas K. Bundtzen, P.Geo, BS, MS, CPG-10912, ABSLN No. 279639,
President of Pacific Rim Geological Consulting, Inc. of Fairbanks, Alaska, who
is independent of the Company as defined by NI 43-101. Bundtzen is a Certified
Professional Geologist with the American Institute of Professional Geologists.
Bundtzen is a "Qualified Person" as defined by NI 43-101 and also qualifies
under the rules stated by the U.S. Securities and Exchange Commission ("SEC"),
and has verified the data contained in this news release for accuracy.

About the Company

The Company is an exploration stage company focused on the exploration of
gold properties, with some past production, and the development of new
environmentally friendly low-rank coal water fuel technology. The Company has
gold properties located throughout Alaska, which include a 100% interest in
numerous mining claims located on the Nolan Creek property. Please visit
www.silverado.com.
The Company is developing low-rank coal water fuel that is designed to be
produced from low-rank coal and processed into an environmentally friendly oil
substitute. Silverado Green Fuel Inc. is a wholly owned subsidiary of its
publicly traded parent, Silverado Gold Mines Ltd. For more information about
Silverado Green Fuel Inc., please visit http://www.silveradogreenfuel.com/.

Forward-Looking Statements

This news release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Statements in this news release that are forward-looking
statements are based on the current expectations, beliefs, assumptions,
estimates and forecasts about the Company's business and the industry and
markets in which it operates. Such forward-looking statements involve risks
and uncertainties regarding the market price of gold, availability of funds,
government regulations, common share prices, operating costs, capital costs,
outcomes of test mining activities and other factors. Forward-looking
statements are made, without limitation, in relation to operating plans,
property exploration activities, including test mining activities,
availability of funds, environmental reclamation, operating costs and permit
acquisition. Any statements contained herein that are not statements of
historical facts may be deemed to be forward-looking statements. In some
cases, you can identify forward-looking statements by terminology such as
"may", "will", "should", "expect", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential", or "continue", and the negative of such
terms or other comparable terminology. Actual events or results may differ
materially. In evaluating these statements, you should consider various
factors, including the risks detailed in the Company's filings with the
Canadian Securities Authorities and the US SEC. These factors may cause the
Company's actual results to differ materially from any forward-looking
statement. Except as required by applicable securities laws, the Company
disclaims any obligation to publicly update these statements, or disclose any
difference between its actual results and those reflected in these statements.
Given these uncertainties, readers are cautioned not to place undue reliance
on such forward-looking statements.

For further information: Contact Information - Silverado Gold Mines
Ltd.: Mailing Address, Suite 1820 - 1111, West Georgia St, Vancouver, British
Columbia, Canada, V6E 4M3; Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL;
Telephone: (604) 689-1535, Facsimile: (604) 682-3519, Toll Free:
1-800-665-4646 (Canada and USA only); Investor Relations: E-mail:
ir@silverado.com; Public Relations: E-mail: pr@silverado.com; Media Relations:
E-mail: jay@silverado.com

Tonogold Resources, Inc. Sells Lease Interest in Nyac, Alaska Gold Project

2008-11-19T19:10:00.000-08:00

Tonogold Resources, Inc. (Pink Sheets: TNGL) announces the sale of its Alaska assets and leasehold interest in the Nyac, Alaska Gold Project to Nyac Gold LLC.

The terms of the sale include cash and future consulting fees valued at approximately $563,420. Also, Tonogold has a retained a one-half percent net smelter royalty.

The Nyac Gold Project consists of 57,600 acres leased from Calista Corporation. Tonogold conducted exploration programs at Nyac in 2005 and 2006.

The lease assignment is subject to the approval of Calista Corporation.

Tonogold Resources, Inc. is a minerals exploration company based in La Jolla, California. The company also has a project office in Carson City, Nevada. For more information on the Company visit their website http://www.tonogold.com.

Safe Harbor Statement Under the
Private Securities Litigation Reform Act of 1995

This press release contains certain forward-looking information about Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)", "feel(s)", "believe(s)", "will", "may", "anticipate(s)", and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history, our need for additional capital to pursue our business strategy, the grade and quantity of minerals in our projects may not be economic, we do not have fee title to our properties, but derive our rights through leases and the Mining Law, we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission, we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities, mining is subject to extensive environmental regulations and can create substantial environmental liabilities, gold and silver are commodities which have substantial price fluctuations, a drop in gold and/or silver prices could adversely affect future profitability and/or capital raising efforts, and mining can be dangerous and present operational hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE Tonogold Resources, Inc.

Company Codes: OTC-PINK:TNGL

Google Patent Search

2008-11-19T19:03:00.000-08:00

Here's the link to search through patents using google: http://www.google.com/patents

ITH Doubles Gold Resource at Livengood Project, Alaska 1.86M Ounces Gold Indicated and 2.17M Ounces Gold Inferred

2008-11-17T14:23:00.000-08:00

International Tower Hill Mines Ltd. ("ITH" or "the Company") (TSX VENTURE: ITH)(NYSE-A: THM)(FRANKFURT: IW9) is pleased to announce the results of its independently prepared mid-year mineral resource estimate for the Money Knob deposit at its Livengood gold project near Fairbanks, Alaska. The independent study incorporates approximately half the drilling that has been completed on the property in 2008. The Company anticipates a further major expansion of the open-ended resource when the results from the outstanding drilling are returned and an 'end-of-program' resource estimate is completed in mid-first quarter 2009. In addition, the Company is very pleased to see such a large percentage of the estimated resources upgraded to the indicated category (approximately 45% indicated resources and 55% inferred resources), noting that the average grade of the previous 2007 inferred resource increased significantly in the 2008 indicated resource (a 17% increase in grade), see Table 1.

Table 1
Comparison of Livengood Resources from 2007 and 2008 (at 0.50 g/t gold
cutoff)
---------------------------------------------------------------------------
Au Cutoff Tonnes Au Million
Year Classification (g/t) (millions) (g/t) Ozs Au
---------------------------------------------------------------------------
2007 Inferred 0.50 82.88 0.71 1.889
---------------------------------------------------------------------------
2008 Indicated 0.50 69.53 0.83 1.860
---------------------------------------------------------------------------
Inferred 0.50 87.88 0.77 2.170
---------------------------------------------------------------------------

This new data confirms the Company's belief that the Livengood Deposit has an excellent possibility to become one of North America's largest new gold discoveries. The pre-eminent gold endowment of the system is strongly illustrated by a 95% increase in the overall gold ounces when calculated at a 0.30 g/t cutoff (Table 2) and a 160% increase in the overall gold ounces when calculated at a 0.7 g/t gold cutoff. This increase dramatically highlights the overall grade increase of the estimated resource in the deposit (Table 3).

Table 2
Comparison of Livengood Resource from 2007 and 2008 (at 0.30 g/t gold
cutoff)
---------------------------------------------------------------------------
Au Cutoff Tonnes Au Million
Year Classification (g/t) (millions) (g/t) Ozs Au
---------------------------------------------------------------------------
2007 Inferred 0.30 188.01 0.54 3.269
---------------------------------------------------------------------------
2008 Indicated 0.30 138.54 0.61 2.730
---------------------------------------------------------------------------
Inferred 0.30 205.78 0.55 3.640
---------------------------------------------------------------------------
Table 3
Comparison of Livengood Resource from 2007 and 2008 (at 0.70 g/t gold
cutoff)
---------------------------------------------------------------------------
Au Cutoff Tonnes Au Million
Year Classification (g/t) (millions) (g/t) Ozs Au
---------------------------------------------------------------------------
2007 Inferred 0.70 33.23 0.93 0.985
---------------------------------------------------------------------------
2008 Indicated 0.70 36.37 1.06 1.240
---------------------------------------------------------------------------
Inferred 0.70 42.78 0.96 1.320
---------------------------------------------------------------------------

Livengood Project Highlights
- Independent study notes that the Livengood Deposit has significant expansion potential beyond its current 1.86M ounce indicated and 2.17M ounce inferred gold resource estimate (at 0.5 g/t gold cutoff), with assay results still pending for many drill holes and the deposit remaining open in all directions.
- New deep and eastern step out drill holes to the Core Zone have intersected thick alteration zones, highlighting the potential for significant near-term expansions of the deposit.
- Preliminary metallurgical information shows favourable cyanide solubility for possible heap leaching with increasing recoveries at finer crush sizes offering milling potential of the higher grade areas.
- The project has a favourable logistical location and no major permitting hurdles have been identified to date.
These highly encouraging results have resulted in a decision by the Company to implement a major winter drilling project, now planned to commence in February 2009, which will test immediate high-grade Core Zone expansion targets directly to the east of the main body mineralization (for example, one hole along southern margin of the winter target area - MK-RC-0050 - returned 79.3 metres @ 1.16 g/t gold).
In addition, a drilling program is planned for summer 2009 to continue with the expansion of the deposit in the newly discovered Deep and Far East zones as well as the deposit in general. Modeling of the existing drill data with surface geochemistry has identified a new target area to the south-west of the Core Zone that will be tested in February, 2009. If these new large areas of surface gold return positive results it could double the area of mineralization currently outlined in the existing resource estimate. Following the anticipated completion of the winter drilling in the second quarter of 2009 the Company plans to complete an updated 2009 resource estimate that will be used in a preliminary economic assessment of the deposit currently planned for mid-2009. A budget of approximately CAD $6M has been planned for the winter and summer programs in 2009.
To view Figure 1 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/ith1029.jpg
The Company wishes to emphasize that the Livengood project has a very favourable logistical location, being situated 110 road kilometres north of Fairbanks, Alaska along the paved all weather Elliot Highway and the Trans Alaska pipeline corridor and approximately 55 kilometres north of the Alaska State power grid and along the proposed Alaska natural gas pipeline route.
The Company is currently engaged in the cyanide extraction analysis of numerous samples from both the oxide and non-oxide mineralized zones and, although this data is still preliminary, it indicates that both types of mineralization have the potential for heap leach extraction and that significant increases in recovery may be obtained with finer crushing (thus suggesting that milling of the higher grade areas of the deposit would be beneficial).
Currently, the Company estimates that less than 30% of the known shallow mineralized zone (down to 200 metres) has been effectively drill tested. The Livengood target is open in all directions as well as at depth, with many of the recent deeper holes intersecting mineralization in the underlying lower sedimentary package (such as MK-RC-0023 with 57.9 metres @ 2.51 g/t gold and MK-RC-0060 with 82.3 metres @ 1.07 g/t gold). A 3D image of the most recently released Livengood drill information can be viewed at: http://www.corebox.net/properties/livengood.
As a comparison, the Fort Knox mine, one of North America's larger gold mines located 80 kilometres to the southeast of Livengood, reported in their March 30, 2007 43-101 technical report a proven and probable resource estimate of 159Mt at an average grade of 0.53 g/t gold (the current mid-year Livengood resource significantly exceeds Fort Knox at this time). The Fort Knox mine has announced that they are currently commissioning a large run of mine heap leach facility to augment their current milling operations, and estimates an average heap leach recovery of 61%. The Fort Knox mine reported 2007 gold production of 338,459 ounces at a life of mine cash cost of approximately $390/ounce. However, the Company cautions that this information with respect to the Fort Knox property and operations could not be verified by the Company and is not necessarily indicative of the mineralization on the Livengood Property or the potential production from, or cost of, any future mining of the Livengood Property.
Project Background
ITH controls 100% of its 44 square kilometre Livengood land package, which is primarily made up of leased land from the Alaska Mental Health Trust and a number of smaller private mineral lessors. The Company and its predecessor, AngloGold Ashanti (U.S.A.) Exploration Inc., have been exploring the Livengood area since 2003, with the project's first indicated resource estimate being announced in early 2008. The 2008 drilling program marks the first grid drilling resource definition campaign for the project and is only the initial step in what the Company envisions as a major long-term exploration program to define what it anticipates is one of the world's largest new gold deposits.
Results of the Geologic Review and Resource Estimate
Geological Review
On October 28, 2008 Giroux Consultants Ltd. and Mineral Resource Services Inc. delivered the final draft of their technical report on the Livengood project (the "Report"), which includes information regarding the mineral resource estimate and 2008 surface exploration completed to the date of the Report. The information describes gold mineralization in the deposit and possible ore controls. Primary ore controls appear to be the intersection of favourable host lithologies with major structural zones which are interpreted to have acted as conduits for intrusion-related gold bearing fluids. The volcanic, sedimentary and mafic rocks are favourable host rocks and are persistently mineralized. Mineralization in the Money Knob deposit occurs at surface and forms stratabound and cross-cutting bodies in a large thrust faulted and recumbently folded sedimentary and volcanic sequence. The main body of mineralization lies within a general 2 kilometre wide, 6 kilometre long northeast trending belt, with the current Core Zone focused along a northwest trending surface geochemical anomaly that is at least 1.6 kilometres long and 800 meters wide. This large structural zone has localized a series of 90 million year old (Fort Knox age) dikes, sills and plugs that are believed to be related to the gold mineralization. The configuration and thickness of the mineralized zones suggest a near-surface, low strip, bulk-mining scenario.
Resource Estimate
The indicated and inferred mineral resource estimate for the Livengood deposit covers an area of approximately 3.6 square kilometres and is based on 116 drill holes which have an average length of 217 meters and 11 trenches with an average length of 45 metres.
Approximately one third of the total estimated area (1.1 square kilometres) contains 98 of the drillholes and, in this area, the geology has been modeled to represent the volumes of the different stratigraphic units on the property. Outside of the modeled area all the data was grouped together because there was insufficient geological control for more detailed analysis. Statistically, each of the geological volumes was treated independently with individual capping grades applied. However, the populations were not sufficiently different to be kriged independently.
Variogram modeling was done using 5 metre composites, the variography showed excellent continuity downdip and across dip with lesser continuity along strike. Bulk density was estimated on the basis of individual density measurements made on core samples and reverse circulation drill chips from each stratigraphic unit. In total, 95 measurements were used. Based on the general geology, a bulk density of 2.68 was used for the area outside the modeled volume. In the model, blocks with dimensions of 20 x 20 metres horizontal and 5 metres vertical were estimated by ordinary kriging.
The geology of the holes which still have assays pending suggests that the favourable host stratigraphy and alteration remain open laterally and at depth, thus indicating that the system could potentially be much larger than the current estimate.
Qualified Person and Quality Control/Quality Assurance
The work program at Livengood was designed and is supervised by Dr. Russell Myers, Vice President of Exploration, and Chris Puchner, Chief Geologist (CPG 07048) for ITH who are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project log and track all samples prior to sealing and shipped to ALS Chemex for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.
Dr. Paul D. Klipfel, Ph.D., AIPG, a consulting economic geologist employed by Mineral Resource Services Inc., has acted as the Qualified Person, as defined in NI 43-101, for the exploration data and supervised the preparation of the technical exploration information on which some of this news release is based. Dr. Klipfel has a Ph.D. in economic geology and more than 28 years of relevant experience as a mineral exploration geologist. He is a Certified Professional Geologist (CPG 10821) by the American Institute of Professional Geologists. Both Dr. Klipfel and Mineral Resource Services Inc. are independent of the Company under NI 43-101.
Mr. Gary Giroux, MASc., P. Eng (B.C.), a consulting geological engineer employed by Giroux Consultants Ltd., has acted as the Qualified Person, as defined in NI 43-101, for the Giroux Consultants Ltd. mineral resource estimate. He has over 30 years of experience in all stages of mineral exploration, development and production. Mr. Giroux specializes in computer applications in ore reserve estimation, and has consulted both nationally and internationally in this field. He has authored many papers on geostatistics and ore reserve estimation and has practiced as a Geological Engineer since 1970 and provided geostatistical services to the industry since 1976. Both Mr. Giroux and Giroux Consultants Ltd. are independent of the Company under NI 43-101.
The Report will be finalized and filed on SEDAR within 45 days of the date of this news release.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to the advanced multimillion ounce gold discovery at Livengood. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its key holdings, thereby giving its shareholders the maximum value for their investment.
On behalf of INTERNATIONAL TOWER HILL MINES LTD.
Jeffrey A. Pontius, President and Chief Executive Officer
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans and business trends, are forward-looking statements. Information concerning mineral resource estimates also may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are 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 statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
Cautionary Note Concerning Reserve and Resource Estimates
This press release and other information released by the Company uses the terms "resources", "inferred resources" and "indicated resources". United States investors are advised that, while such terms are recognized and required by Canadian securities laws, the SEC does not recognize them. Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Mineral resources that are not mineral reserves do not have demonstrated economic viability. United States investors are cautioned not to assume that all or any part of inferred or indicated resources will ever be converted into reserves. Inferred resources, in particular, have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred or indicated resources will ever be upgraded to reserves. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred or indicated resources exist, or that they can be mined legally or economically.
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all resource estimates contained in this press release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resource and Mineral Reserves, adopted by the CIM Council on November 14, 2004 (the "CIM Standards") as they may be amended from time to time by the CIM. United States shareholders are cautioned that the requirements and terminology of NI 43-101 and the CIM Standards differ significantly from the requirements and terminology of the SEC set forth Industry Guide 7. Accordingly, the Company's disclosures regarding mineralization may not be comparable to similar information disclosed by companies subject to the SEC's Industry Guide 7. Cautionary Note Regarding Similar Mineral Property References
This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
NR08-22
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

Contacts:
International Tower Hill Mines Ltd.
Quentin Mai
Vice-President - Corporate Communications
Toll Free: 1-888-770-7488 or (604) 683-6332
(604) 408-7499 (FAX)
Email: qmai@internationaltowerhill.com
Website: www.internationaltowerhill.com

SOURCE: International Tower Hill Mines Ltd.

Millrock drills two Seward Peninsula gold prospects in 2008

2008-11-17T14:21:00.000-08:00

wo longtime mineral prospectors known in Alaska mining have joined forces in a start-up junior exploration company that focused in 2008 on the Seward Peninsula.

Millrock Resources Inc. drilled two separate gold prospects on the Seward Peninsula this summer, spending just over $2 million on the company's 2008 exploration efforts.

Leading the exploration effort for Millrock is Gregory Beischer, president and chief executive officer, who most recently worked for Bristol Bay Native Corp., after spending 20 years with mining giant Inco.

Joining him is Phil St. George, another exploration geologist with substantial work experience with mining giant Cominco. St. George also worked for NovaGold Resources during its formative years and is credited with discovery of the initial Pebble copper-gold-molybdenum deposit in Southwest Alaska in the late 1980s.

"When we started up the business, it came on the market at 38 cents (a share) and things were great the first few months, but it's been a bit of a struggle lately," Beischer said. "Phil and I are a great teamewe have great people working for us and the company is in reasonably good shape even though our share price has declined substantially over the last three months in particular."

Venture capital financing for junior exploration companies has dried up, he said, since Millrock closed a financing arrangement in May, providing the company with funds for this year's work.

"We didn't spend it all, although it was tempting, because we were having good success, but we stuck to our guns," Beischer said. "We've got enough to hold on and survive and if it's not too protracted of a downturn, we'll still be in business next year."

The two geologists oversaw work this summer on several prospects throughout Alaska, including reconnaissance work on a high-grade gold prospect in the Alaska Range, called Estelle, and the 40-Mile prospect in eastern Interior Alaska.

But it was two separate gold projects on the Seward Peninsula that commanded the bulk of the company's exploration spending for 2008. As of mid-October, the company was still waiting for final assay reports from drilling work completed in August on both the Divide and Bluff properties, Beischer said.

Both gold prospects are located close enough to Rock Creek, in Nome, to potentially become satellite mines if geologists find enough mineralization in high-enough grades to cover trucking costs.

Divide is located north of Rock Creek, about 20 miles straight-line distance from the recently commissioned hard-rock mill, Beischer said. This summer, Millrock completed 23 exploration trenches at Divide, followed up by 10,000 feet of reverse circulation drilling in 23 holes.

"Our goal here is to find a large, multi-million-ounce deposit. The work this year will determine whether a deposit of this scope is present or not," he said.

Millrock is earning a 50 percent interest in Divide from Alix Resources Corp., paying half of the property's exploration costs and issuing 500,000 shares to Alix. Millrock was the operator for this summer's program.

Bluff is located 75 miles southeast of Nome, on the Bering Sea coast, part of a land package that Millrock Resources has optioned from the Alaska Native landowner, Bering Straits Native Corp.

According to an April 2008 announcement, Millrock and Golden Glacier Inc., a Bering Straits subsidiary, signed an exploration agreement covering approximately 153 square miles of Native-owned land highly prospective for gold exploration.

In that press release, Matt Ganley, Bering Straits' vice president of lands and resources, said the landowners "eare confident that this exploration agreement will expand our knowledge of the area's resources while enhancing the long-term economic base of the local communities."

The five-year exploration agreement between Bering Straits and Millrock calls for total spending of $4 million, with a first year work commitment of $300,000, for which Millrock receives exclusive rights to explore and develop mineral deposits on that acreage.

Annual option payments to the Native corporation will total $550,000 over the five years and Millrock will also contribute a total of $40,000 to the Bering Straits Foundation Scholarship Fund. Millrock will also issue up to 1 million shares of its corporate stock over the five-year period to the corporation.

A contracting preference is given to BSNC subsidiary companies that could provide service to Millrock, and shareholders of the Native corporation will also be given employment preference, according to the agreement.

Three prospects part of the agreement with Bering Straits include Council, Ungalik and Bluff, a coastal gold property that was previously drilled by mining giant BHP in the 1980s. BHP reported in 1991 that there was potential for a minimum 3 million tons at the Daniel's Creek prospect.

"They made some great discoveries there of gold mineralization," Beischer said.

This summer, Millrock drilled five diamond core drill holes, Beischer said. "The good news is that on a visual basis, every hole hit the altered mineralized zone that we were targeting," he said.

Northern Dynasty Minerals Ltd. - Successful 2008 Study Program Continues At Alaska's Pebble Project

2008-11-17T14:19:00.000-08:00

Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") (CA:NDM: news, chart, profile) (NAK:
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, , ) reports that core drilling and other study activities at the Pebble Limited Partnership's ("PLP", "Pebble Partnership" or the "Partnership") project site in southwest Alaska continue to advance. The Pebble Project remains on track to complete a Prefeasibility Study in the second half of 2009.
"The Pebble Partnership continues to make sizable investments across a broad range of technical, environmental and social disciplines to move the project forward efficiently toward the completion of a proposed development plan and the onset of permitting," said Northern Dynasty President & CEO Ron Thiessen. "The tremendous amount of work undertaken this year by geological and geotechnical drilling crews, environmental and socioeconomic consultants, as well as the site personnel that support them, has moved us that much closer to reaching our program goals."
To the end of September 2008, PLP crews had completed 141,000 feet of drilling in 215 holes. This includes 109,800 feet of drilling in 24 holes to: increase the information base about known mineralization in the Pebble East deposit; continue to delineate the Pebble East deposit; and provide detailed geotechnical information for mine planning purposes. Crews also completed 31,160 feet of drilling in 191 dedicated environmental, geotechnical and metallurgical holes. Drilling at Pebble will continue through December 2008. Following a 6 to 8-week hiatus, site activities will begin again in February 2009.
Thiessen said the Pebble Partnership, with the assistance of co-owners Northern Dynasty and Anglo American plc, has assembled a world-class mine development team to design, permit, construct and operate a modern, long-life mine at Pebble. A dedicated team of approximately 20 engineers and technical specialists (many seconded from Anglo American), as well as 58 engineering firms and other consultancies, is currently preparing a Prefeasibility Study for the project.
"While the high-grade copper-gold-molybdenum mineralization within the Pebble East zone remains open to expansion, the 2008 drill program will delineate sufficient volume and grades to allow us to finalize a Prefeasibility Study next year," Thiessen confirmed. "Similarly, the excellent progress being made by our engineering design team, our environmental study team and stakeholder outreach personnel means Pebble is on schedule to finalize a proposed development plan in 2009 and, following input from project stakeholders, apply for permits in early 2010."
Thiessen said the Pebble Partnership and Northern Dynasty expect to publish a revised mineral resource estimate for the Pebble deposit based on 2008 drilling results later this year. A significant proportion of the known mineralization at Pebble East is expected to move from an inferred to an indicated category.
While drilling continues at Pebble, other 2008 site activities are largely complete. Some 26 environmental and socioeconomic study teams visited the project site this year as part of the fifth consecutive year of comprehensive environmental baseline studies.
Northern Dynasty and subsequently the Pebble Partnership have invested more than $100 million in environmental and socioeconomic studies over the past five years, including $25 million planned for 2008. The Partnership is currently assembling an Environmental Baseline Document for Pebble, which will be submitted as part of the project's permit applications.
"The Pebble Partnership has undertaken the most expansive and comprehensive pre-permitting environmental study program in the history of mine development in Alaska, if not North America," said Northern Dynasty Chairman Robert Dickinson. "These investments will hold the project in very good stead as it prepares to enter the federal and state permitting process."
Other statistics from a busy 2008 study program at Pebble include:

- a total of 10 helicopters have flown more than 9,000 hours, moving
crew and equipment from the operations base in Iliamna to various
project locations;
- approximately 800 individuals have worked about 40,000 person-days,
with the total number of people at site peaking at 232 in August;
- approximately 3,420 fixed wing aircraft flights have brought people
and supplies into and out of Iliamna in 2008, including more than
50 groups visiting to tour the Pebble Project;
- site expenditures to the end of September total approximately
$50 million, excluding environmental study costs; and
- some 90% of 2008 site expenditures (or approximately $45 million)
have accrued to Alaskan firms.

"Whether you're looking at investment, jobs, supply and service contracts or revenues to government, we believe Pebble has the potential to be the next great development project in Alaska - on the scale of a Prudhoe Bay or Alyeska Pipeline," Dickinson said. "But Pebble is also making a significant contribution to the regional and state economy today, in part because of the Partnership's efforts to diligently apply local hiring and local contracting policies."
The Pebble Limited Partnership was established in July 2007 as a 50:50 partnership between a wholly-owned affiliate of Northern Dynasty and a wholly-owned subsidiary of Anglo American plc. Under the terms of the agreement, Anglo American will fund $1.425 billion of project costs to acquire its 50% interest - including budgeted expenditures of US$140 million in 2008 and US$40 million in 2007.
Study activities and program expenditures at Pebble in 2009 will be finalized in December, and are expected to be similar to those in 2008. Northern Dynasty continues to hold US$36 million in cash and has no immediate funding commitments for the Pebble Project.
Mark Rebagliati, P.Eng., has reviewed the information on the site program and Stephen Hodgson, P.Eng., has reviewed the information on the engineering programs. Both are qualified persons who monitor Northern Dynasty's programs.

Ronald Thiessen
President and CEO

No regulatory authority accepts responsibility for the adequacy or
accuracy of this release.

Northern Dynasty is solely and entirely responsible for the contents of
this news release. No other party, including any parties which have an
interest in the project, are in any way responsible for the contents
hereof.

Comments on Forward-Looking Information, Estimates and other
Cautionary Factors

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, especially those that address estimated resource quantities, grades and contained metals, are forward-looking statements because they are generally made on the basis of estimation and extrapolation from a limited number of drill holes and metallurgical studies. Although diamond drill hole core provides valuable information about the size, shape and geology of an exploration project, there will always remain a significant degree of uncertainty in connection with these valuation factors until a deposit has been extensively drilled on closely spaced centers, which has occurred only in specific areas on the Pebble Project. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Company's future performance. The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, completion of prefeasibility and final feasibility studies, preparation of all necessary engineering for underground workings and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.
SOURCE Northern Dynasty Minerals Ltd.

Mining industry returns to prominence in Alaska

2008-11-17T14:16:00.000-08:00

Petroleum gets most of the attention when Americans, and even Alaskans, think about valuable materials pulled from our state’s ground, but last year Alaska entered the big leagues on another important production front.

Among the states, Alaska is now the fifth-largest producer, measured in dollars, of nonfuel minerals. Alaska’s miners produced $3.37 billion worth of minerals, mostly metals, in 2007. It was an all-time record.

Full Story

Apprehension, caution among Alaska miners at meeting

2008-11-17T13:53:00.000-08:00

There was an air of apprehension among the 600-plus Alaska miners who gathered Nov. 5 in Anchorage for the Alaska Miners Association's annual convention.

The state's minerals industry is at a high plateau - production revenues and development and exploration spending surpassed $4 billion last year, a record - but there are new worries that the world financial crises will cause this to unravel by cutting funds for development and new exploration.

Full Story

Summary Box: Further stress in Canada oil sands

2008-11-17T13:47:00.000-08:00

TORONTO - WHAT HAPPENED: Petro-Canada and its partners Teck Cominco Ltd. and UTS Energy Corp. became the latest companies to postpone expansion of an oil sands project by delaying a decision on further investment in a $19.5 billion oil sands project in northern Alberta. They also shelved plans to building an upgrade refinery.

Full Story

Mine may mean millions for Juneau

2008-11-17T13:43:00.000-08:00

JUNEAU -- The developer of the Tulsequah Chief Mine near Juneau says the Alaska capital could see an economic impact of $24 million annually when the mine begins operations.

Developer Redfern Resources hopes to begin production in the British Columbia mine in one year.

Salina Landstad of Redfern made a presentation on the mine Thursday to the Juneau Chamber of Commerce.

Full Story

State refuses to let Exxon build ice road

2008-11-17T13:41:00.001-08:00

The state has rejected a request by Exxon Mobil Corp. to build an ice road in a North Slope natural gas field whose lease ownership is in dispute.

The state has tried to strip Exxon and partners of leases held by Exxon since 1977, saying the area known as Point Thomson was never developed.

"Despite the fact that the leases expired in August 2008, (Exxon Mobil) applied for permission to construct an ice road to transport a drilling rig onto the expired lease to drill for oil and gas," the Alaska Department of Natural Resources said in a statement released Friday.

Full Story

State refuses to let Exxon build ice road

2008-11-17T13:41:00.000-08:00

Forget Bretton Woods II – we need a gold standard

2008-11-17T13:39:00.000-08:00

Chagrin Falls, Ohio - Too much credit and easy money. Those were the biggest culprits behind this financial crisis. Yet, apallingly, the government's rescue attempt is built on more credit and even easier money. That's like giving a procrastinator a deadline extension. By choosing this course, Washington has steered us on to the "road to Weimar" – the road to runaway inflation.

It didn't have to come to this. And it still doesn't. But the proper remedy will take tremendous political courage: Bring back the gold standard. That, more than any byzantine regulations that emerge from the Bretton Woods II conference this weekend, would provide stability and safety for nations and individuals around the world.

Full Story

AAMS Comments on Dropped Appeal of CW1 Initiative

2008-05-16T17:51:00.000-07:00

(ANCHORAGE) – “Alaskans Against the Mining Shutdown (AAMS) welcomes the news that the proponents of the anti-mining initiative have dropped their Supreme Court legal appeal on CW1 and are now trying to remove their proposal from the ballot,” said Willis Lyford, campaign director. “Our coalition of concerned Alaskans has maintained all along that this measure was drastic, deceptive and would have had devastating consequences on the mining industry in Alaska.

“It is troubling that the anti-mining proponents have wasted the time and resources of the courts and Alaska citizens while the proponents gradually come to recognize the mistakes and dangerous consequences of one of their many proposals. At first, they claimed their proposal didn’t attempt to shutdown the industry. Then they ran advertising attacking existing mines. Now, they are backing away from their own proposal.

“We do hope the proponents of the remaining initiative, CW3, will not resort to the same misleading and irresponsible tactics as they embraced in advocating for CW1.

“We anticipate that the Supreme Court appeals slated for June will help give clarity on the remaining initiative so the voters of Alaska can make informed choices in August,” said Lyford.

AAMS is a statewide coalition of thousands of concerned citizens and bipartisan organizations who oppose the anti-mining initiatives. To learn more about AAMS, visit our website at www.againsttheshutdown.com.

Ni-Cu-PGE mineralization discovered on PFN's Tonsina Property

2008-05-13T14:27:00.000-07:00

VANCOUVER, May 5, 2008 /PRNewswire-FirstCall via COMTEX News Network/ ----Pacific North West Capital Corp. is pleased to announce the results from the 2007 exploration program conducted at its 100% controlled Tonsina Property located in Southcentral Alaska. Outcrop sampling and mapping completed in September has defined a drill ready nickel, copper, and platinum group element target.

Highlights from the 2007 exploration program include:
- Chromite bearing outcrop grab samples contain up to 2.3g/t platinum and 1.6g/t palladium - Chip channel samples of chromite
and sulfide bearing outcrop contain up to 0.86g/t platinum and 1.1g/t, palladium over a 2 meter interval - Sulfide bearing
outcrop grab samples contain up to 0.97% nickel and 0.58% copper - Chip channel samples of sulfide bearing outcrop contain
up to 0.75% nickel over a 2 meter interval

The 7,360 acre Tonsina Property is centered on Sheep Hill in the northeastern Chugach Mountains only 8 km east of the paved Richardson Highway and approximately 80 road miles north east of the all-weather port of Valdez.

To view image click on the link:

http://www.pfncapital.com/i/misc/050508image.jpg

This photo displays typical Sheep Hill nickel, copper, platinum group element mineralization which consists of sulfides (brassy color blebs) and chromite hosted in partially serpentinized ultramafic rocks (charcoal colored foreground). Two samples collected from this outcrop returned values of 0.39% Ni, 0.19% Cu, 616ppb Pt, 856ppb Pd, and 0.49% Ni, 0.25% Cu, 574ppb Pt, 856ppb Pd.

Nickel, copper, and platinum group element mineralization is hosted in dunite and lherzolite within the Tonsina Ultramafic Complex. The mineralized rock units comprise a north dipping magmatic layer. Sulfide and chromite mineralization within this layer define a distinct horizon (reef) up to 30 meters thick that has been mapped and sampled over a strike distance of 900 meters. The mineralized unit extends under cover to the north and west and is truncated to the east by a high angle fault with unknown displacement. This exploration success illustrates the potential for reef style nickel, copper and platinum group element mineralization in other magmatic layers of the Tonsina Ultramafic Complex.

A continuous chip channel sampling program was designed to cross the mineralized horizon and test the vertical extent of the exposed mineralization. Results indicate that copper and nickel correlate with sulfur, and that platinum group elements correlate with chromium. High grade metal anomalies extend over several meter intervals: 44-50 meters - 6 meter interval grading 0.8g/t platinum and 1g/t palladium, and 62-74 meters - 12 meter interval grading 0.59% nickel. The apparent dip of the sulfide horizon at TOC0717 is 67.35degrees, the slope at TOC0717 is 33.69degrees, therefore the true thickness of the 2 m samples is 1.975 m.

------------------------------------------------------------------------
From_m To_m LabNum Pt_ppb Pd_ppb Cu_ppm Ni_ppm S_perc Cr_ppm 36 38 490155 171 114 1215 3230 0.20 2510 38 40 490156 192 202
1635 4210 0.46 2260 40 42 490157 250 371 1390 4530 0.47 2200 42 44 490158 93 122 1405 5810 0.53 2230 44 46 490159 798 1120
557 3110 0.22 2760 46 48 461551 750 839 496 2490 0.10 6290 48 50 461552 864 1095 781 2570 0.25 7200 50 52 461553 341 418 442
1830 0.14 2650 52 54 461554 116 164 2620 4570 0.70 2090 54 56 461555 131 151 1205 4250 0.66 996 56 58 461556 17 22 1340 3580
0.75 393 58 60 461557 31 53 1175 3650 0.73 831 60 62 461558 113 133 1195 3690 0.43 3860 62 64 461559 333 481 1935 4230 0.55
4760 64 66 461548 33 42 2930 7540 0.76 1360 66 68 487001 28 35 2040 6820 0.75 697 68 70 487002 36 43 1775 5120 0.66 1460 70
72 487003 28 55 2500 6470 0.69 1500 72 74 487004 50 88 2220 5450 0.72 1350 74 76 487005 108 149 1260 3300 0.37 1810 -------------------------------------------------------------------------
Table 1 Selected geochemistry from Chip Channel TOC0717

Examination of thin sections from selected mineralized samples at the University of Alaska petrography lab confirms the presence of widespread pentlandite together with millerite and lesser covellite.

The Tonsina project was part of the reconnaissance agreement with Stillwater Mining Company which was terminated in March 2008. This summer PFN's exploration plans are to continue outcrop sampling and mapping in an effort to expand on the currently identified sulfide and chromite horizon and identify possible mineralized horizons in the alternating magmatic layers. An IP survey is also planned to trace the north dipping mineralized horizon under cover to the west, and north.

About Pacific North West Capital Corp.

Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on platinum group metals (PGMs) and base metals. Management's exploration philosophy is to generate new projects and advance them to the point where they can be joint ventured to major mining companies and funded through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel, SOQUEM, First Nickel and Benton Resources.

The Company currently has over $11 million in working capital and securities.

The Qualified Person for this news release is Curtis Freeman, MS., P. Geo On
behalf of the Board of Directors "Harry Barr" Harry Barr, President & CEO

Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.

CONTACT: Tel: (604) 685-1870, Fax: (604) 685-8045, Email: info@pfncapital.com, or visit www.pfncapital.com; 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3

SOURCE Pacific North West Capital Corp.

Gold Crest Mines, Inc. Forms Three Joint Ventures With Newmont

2008-05-13T14:22:00.000-07:00

SPOKANE, Wash., May 12 /PRNewswire-FirstCall/ -- Gold Crest Mines, Inc.
(OTC Bulletin Board: GCMN) is pleased to announce that on May 8, 2008, its
wholly owned subsidiary Kisa Gold Mining, Inc. ("Kisa"), signed three
separate joint venture agreements with Newmont North America Exploration
Limited, a subsidiary of Newmont Mining Corporation (NYSE: NEM). These
agreements call for Newmont to explore for gold deposits on Kisa's AKO and
Luna claim groups covering approximately 15,200 acres located in the
Kuskokwim region of southwestern Alaska approximately 120 miles south of
the Donlin Creek deposit. Newmont has additionally signed a third joint
venture agreement on Kisa's Chilly claim group covering approximately 7,040
acres located in the Buckstock mountains approximately 75 miles northeast
of the AKO and Luna claim groups.

Under the terms of the joint venture agreements, in the Phase-I
Earn-In, Newmont can earn a 51% interest in Kisa's properties by completing
the following on each property:

-- Spending $3,000,000 in Qualifying Work Expenditures on or before
December 31, 2011.
-- Completing a minimum of 3,000 meters of drilling on or before December
31, 2011.
-- Make cash payments to Kisa of $25,000 on or before January 15, 2009
and $50,000 on or before January 15, 2010.
-- Make all annual rents and work assessments necessary to keep the
claims in good standing with the state of Alaska.
-- Newmont will be the operator of the proposed joint ventures.

Newmont has the option to increase its interest to 70% in the Phase-II
Earn-In by completing the following on each property:

-- Spending an additional $6,000,000 in Qualifying Work Expenditures on
or before December 31, 2015.
-- Completing a minimum of an additional 3,000 meters of drilling on or
before December 31, 2015.

In the event a decision is made to build a mine on any property, either
company may elect to have Newmont provide all the financing for the mine in
return for Newmont receiving an additional 10% interest in that property.
Kisa would repay Newmont with interest from Kisa's share of future profits
from that mine.

Tom Parker, President and CEO for GCMN, commented, "We are pleased that
one of the world's largest gold producers has recognized the potential on
our claim groups. Newmont's entry into our projects validates GCMN's grass
roots exploration approach in this prospective region. We look forward with
anticipation to the results of the exploration program to be conducted by
Newmont and to a successful exploration season."

Gold Crest Mines, Inc. is a junior gold exploration company with
properties in Alaska and Idaho, and is a reporting company under the
Securities and Exchange Act of 1934. GCMN is listed on the NASDAQ
Electronic Bulletin Board (OTCBB) under the symbol "GCMN."

Further information about Gold Crest Mines, Inc. and its properties can
be found at the Company's website at http://www.goldcrestminesinc.com.

"Safe Harbor" Statement under Private Securities Litigation Reform Act
of 1995:

Certain statements contained herein constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. Information contained herein contains "forward-looking
statements" which can be identified by the use of forward-looking
terminology such as "believe," "expect," "may," "should," "up to,"
"approximately," "likely," or "anticipates" or the negative thereof or
given that the future results covered by such forward-looking statements
will be achieved. Such forward-looking statements involve a number of known
and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. For example, there is no
assurance that past mining activities on the Company's leases are
indicative that any proven or probable reserves exist on the claims.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only for the date the statement was made. Investors
should carefully consider the preceding information as well as information
contained in any news release before making any investment in the shares of
the company. Gold Crest Mines, Inc. undertakes no obligation to update any
forward-looking statements.

SOURCE Gold Crest Mines, Inc.

ITH Outlines Large Geophysical Anomalies Associated With High Copper-Gold-Silver Mineralization on BMP Project, Alaska

2008-05-13T14:16:00.000-07:00

VANCOUVER, BRITISH COLUMBIA, May 13, 2008 (MARKET WIRE via COMTEX News Network) ----International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX VENTURE: ITH)(AMEX: THM)(FRANKFURT: IW9) is pleased to announce the results from a recent high resolution airborne magnetic and EM survey completed over key mineralized areas of the Company's BMP project, Alaska. In the spring of 2008, Fugro, the Company's contractor, completed an airborne magnetic and electromagnetic survey of the core target area covering an area of 30 square kilometres in two blocks with a nominal line spacing of 50 metres. The results have outlined several large geophysical anomalies spatially associated with the outcropping polymetallic (copper-gold-silver) skarn deposits that were discovered in 2007 (to see Figure 1 please click on: http://media3.marketwire.com/docs/ith513a.jpg).

The largest anomaly is associated with the 6120 target area and covers approximately 1 square kilometre forming at an important structural intersection on the south side of the core intrusive. Twenty rock samples collected from a 150 metre diameter area of outcropping skarn at the 6120 target averaged 2.3% copper, 3.4 g/t gold, 33 g/t silver, 0.16% nickel and 0.07% cobalt (to see Figure 2 please click on: http://media3.marketwire.com/docs/ith513b.jpg). In addition, similar skarn type mineralization was found 2 kilometres to the north at the 6920 prospect.

The Dall and Little Bird prospects, located on the northern target block (approximately 5 kilometres north), also appear to be associated with skarn and distal skarn type mineral systems. The Dall target was drilled by Anaconda Mining Company in the 1980's with two diamond drill holes, each of which intersected very significant high-grade mineralization (4.0% copper, 11.8 oz (370 g/t) silver, 1.0% zinc and 0.3% lead over a true thickness of 3.5 metres and 0.9% copper, 6.0% zinc, 5.7oz (177 g/t) silver and 1.0% lead over a true thickness of 5.5 metres). The size and dynamic range of the anomalies suggest that they are related to a large base and precious metal bearing hydrothermal system which warrants aggressive follow-up exploration.

BMP Project Summary

The BMP property is located approximately 40 kilometres north of the Company's Terra project. The property covers approximately 13,193 hectares and is comprised of 108 Alaska State mining claims staked in October 2006 and owned 100% by the Company (approximately 6,993 hectares) and approximately 6,200 hectares of fee simple lands held under the exploration agreement with option to lease from Cook Inlet Region, Inc. (an Alaska Native Corporation) (See NR08-07).

The property is underlain by Paleozoic sediments which have been intruded by dikes and plugs of early Tertiary age. Exploration by the Company in 2007 confirmed a number of mineralized zones with numerous high-grade copper, silver, zinc and gold values being returned. This work linked much of the mineralization to a prolific skarn-type mineralizing environment and highlighted the potential of the belt. At the 6120 and 6920 prospects calcareous horizons have been extensively replaced by skarn mineralization, including massive pyrrhotite with chalcopyrite and sphalerite. High gold values are present at both of these prospects with grades of several grams in specific samples. Both prospects occur on the flank of a Tertiary intrusive body. The focus of the Company's 2008 BMP program is to define drill targets to test the size and continuity of these large skarn systems.

Qualified Person

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation and/or review of the scientific and technical information that forms the basis for this news release. Mr. Pontius is the President and CEO of ITH.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to advanced gold and base metal discoveries. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.

On behalf of INTERNATIONAL TOWER HILL MINES LTD.

Jeffrey A. Pontius, President and Chief Executive Officer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are 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 statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its US disclosure filings at www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR08-12

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

Contacts:
International Tower Hill Mines Ltd. Quentin Mai Vice-President - Corporate Communications Toll Free: 1-888-770-7488 or (604)
683-6332 (604) 408-7499 (FAX) Email: qmai@internationaltowerhill.com Website: www.ITHmines.com

SOURCE: International Tower Hill Mines Ltd.

mailto:qmai@internationaltowerhill.com http://www.ITHmines.com

Little Squaw Progressing on All Fronts

2008-05-05T11:17:00.000-07:00

May 2, 2008. Vancouver, Canada. Little Squaw Gold Mining (OTCBB:LITS) is advancing its shareholders’ interests on four fronts, all of which are shaping up to be lucrative investments for the company.

The Chandalar project is the company’s flagship exploration and development property, and a recent scoping study commissioned by the company confirmed the economic viability of production on the placer gravels overlying the hard rock mineralization present throughout the property.

The study concludes gold-bearing gravels contain a minimum of 231,000 ounces of recoverable gold that could be extracted at a cash cost of $442 per ounce. The gravel contains about 0.025 ounces of gold per cubic yard – that is much higher grade than the big Fort Knox gold mine near Fairbanks.

Little Squaw management believes the deposit can be substantially expanded through additional drilling and that an increase in its size would significantly increase profitable mine life and lower unit costs. Alaska has a streamlined permitting process for placer mines that could allow for very rapid development of the orebody.

Richard Walters, President of the Company, said, “It is my opinion that we have discovered a commercially viable, industrial-scale alluvial gold deposit that is geologically unique to Alaska but is similar to the big alluvial gold deposits being mined in neighboring Siberia.”

Robert Pate, Chief Operating Officer of the Company, confirmed, “We have defined more than 8 million cubic yards of near-surface pay gravels where we can gain the economies of scale in a surface bulk-mining operation. This amount could double as drilling progresses.”

Also underway presently is drilling on a property the company has leased in Mexico.

The Marisol gold property located near the U.S. border south of Tucson in the State of Sonora, Mexico. The property exhibits discovery potential for “Carlin-type,” bulk-tonnage gold mineralization that may be suitable for open-pit and heap-leaching mining operations. The Company has launched a diamond core drilling program using two drills to test a gold zone more than a kilometer long. Drilling has encountered broad zones of hydrothermal alteration and quartz veinlets within a formation of Jurassic sedimentary rocks. Core assays are expected to be released in May.

The favorable geological environments in Mexico, and Sonora State, in particular, provide many precious-metals exploration opportunities. Marisol lies in the Cucurpe Mining District where some 2 million ounces of gold have been produced primarily from epithermal-type deposits. Current gold resources for the district are now thought to exceed 3 million ounces.

"Marisol is another example of our commitment to building value for our investors by focusing on highly prospective gold exploration assets concurrently with our diversification across politically supportive jurisdictions in the Americas," said Little Squaw President, Richard Walters. "Specifically, Mexico combines favorable geology with stable political, social, and economic factors. The ability to work year-round in Mexico will counterbalance the seasonal campaigns on our Alaska property," he added.

In Nevada, Little Squaw’s Broken Hills West property is located near Gabbs and the Paradise Peak gold mine in the Walker Lane Trend. Early stage exploration is progressing and the Company is planning a geophysical survey prior to drilling.

Broken Hills was acquired from a private prospector, and covers 440 acres.

Meanwhile, the company is gearing up for an aggressive exploration program on its 100% owned Pedra de Fogo project in Brazil.

Little Squaw acquired the Pedra de Fogo (Rock of Fire) gold property in Goias State, southeastern Brazil in March 2007. The property covers approximately 115 square kilometers of highly prospective geologic terrain within the Crixas Greenstone Belt. The Crixas Greenstone Belt has yielded over 3 million ounces of gold. Located near the town of Reisopolis, the property access is excellent with roads passing through most areas of interests.

Little Squaw has confirmed stream-sediment gold anomalies to occur tightly clustered within a 32–square-kilometer area covered by its mining rights. The anomalies are delineated by geochemical analysis, measured weight of gold in panned concentrates, counts of gold grains per pan, and assays of the panned concentrate. Geochemical analyses of the fine fraction of the stream silts are as high as 2.2 parts per million (ppm) gold.

Little Squaw intends to undertake an aggressive exploration program of detailed mapping, sampling, and geophysics to specifically identify the source(s) of the stream geochemical gold anomalies, which are believed to be concealed by the red lateritic soils of the subtropical terrain.

Pedra de Fogo gold is an early stage exploration property having an attractive combination of highly prospective geology and geochemistry, a solid technical database, and excellent access located in an established and politically friendly mining region.

$41,200,000 of inferred in-place antimony resource calculated in one small segment of the Nolan Property

2008-05-05T11:13:00.000-07:00

$41,200,000 of inferred in-place antimony resource calculated in one small segment of the Nolan Property

Additional gold value due shortly in final Bundzten report

VANCOUVER, May 5 /PRNewswire-FirstCall/ - Silverado Gold Mines Ltd.,
and its wholly owned subsidiary, Silverado Green Fuel Inc. (Trading
Symbols, OTC BB - SLGLF, FRANKFURT - SLGL).

News from Silverado's Mine Manager at Workman's Bench, Nolan Creek
Site:

-----------------------------------------------------------------------
-

With a late winter thaw in Alaska, Silverado has assembled its team,
and readied all of its equipment and supplies for an anticipated season of
exploration and development. The first target zone, as defined by drilling,
tunnelling, surface mapping and sampling, contains multiple, thin, steeply
dipping, quartz-sulfide veins and veinlets over an overall true width
ranging from 95-105 feet. Within that mineralized zone, one vein contains a
0.4-to-1.1 foot thick (average=0.6 foot) band of stibnite (antimony
sulphide) that contains appreciable gold.

News from Tom Bundtzen, Mining Consultant:

------------------------------------------

Thomas K. Bundtzen is President of Pacific Rim Geological Consulting,
Inc., of Fairbanks, Alaska, USA. Mr. Bundtzen is a well-known placer and
lode-mining consultant active in North America and Eastern Russia. During
April, Bundtzen supervised the collection of 30 chip-channel samples and a
large bulk sample from the quartz-sulfide vein stockwork and from a massive
stibnite-bearing vein-fault system, respectively. Bundtzen's preliminary
'Draft Field Report' (April 22, 2008) contains exploration maps and
operational photos, as well as photos of stibnite veins and semi massive
quartz-stibnite-gold veins, and confirms the high gold and antimony content
assay results reported by first phase, independent laboratory testing.

In an effort to better quantify the mineral discoveries at Nolan Creek,
specifically within a 500 foot long by 225 foot (vertical) area of the
Workman's Bench, part of the Solomon Shear, Silverado has contracted Thomas
K. Bundtzen to prepare a preliminary resource estimate. The resource
estimate will be based on: 1) underground chip and channel sampling
conducted by Bundtzen; 2) on assayed mineralized zones within drill hole
intercepts; 3) on evaluation of polished thin sections from mineralized
zones; and 4) on microprobe determinations. Silverado assay sample data
will also be incorporated into the estimate. A bulk sample from the
mineralized stibnite zone is being prepared for shipment to a metallurgical
test facility outside of Alaska.

Please see Bundtzen's preliminary 'Draft Field Report' (dated April 22,
2008)http://www.silverado.com/BulkSamplingandresourceEvaluationProgram04220
8.pdf, and a semi-massive stibnite vein mineralization photo at
http://www.silverado.com/i/pdf/photo001V2.pdf.

The April 22, 2208 draft report will be followed shortly by a
resource/mineralization valuation, also to be prepared by Pacific Rim
Geological Consulting, Inc. (PRGCI), which provides third party reports and
assessments, in conformity with professional and NI 43-101 guidelines, with
consulting fees paid by the company.

Antimony News from Silverado Management:

----------------------------------------

The initial report of Thomas K. Bundtzen received on April 22nd, 2008
confirms Silverado's observations in the Workman's Bench system. The tunnel
on the 80 foot level has identified a stibnite-quartz vein that contains 80
percent stibnite and 20 percent quartz. Both surface and subsurface data
indicates that the mineralized zone on Workman's Bench can be traced for
500 feet along strike and to a minimum depth of about 225 feet. Hence 500
ft X 225 ft X 0.6 ft = 16,875 tons of inferred stibnite resources with a
calculated unit worth of $41.2 million USD ($1.22/lb for massive stibnite
ore) of in-place, inferred antimony resource. The in-place antimony
resource estimate presented above includes only a single vein system in
that portion of Workman's Bench that has been explored by surface and
underground exploration techniques. There are three additional zones of
semi-massive, stibnite-bearing veins in the Workman's Bench mineralized
zone. Additional drilling, inferring logical extensions to Pringle Bench to
the Northeast could add to this in-place, antimony resource estimate.

Gold News from Silverado Management:

------------------------------------

Massive stibnite contains up to 35 grams/tonne (1.13 oz/ton) gold;
however, an inferred gold resource is not calculated here, but will be
estimated when final gold assay results are received from the submitted
samples collected in April, 2008.

Please see semi-massive stibnite vein mineralization photo from Tom
Bundzten's Preliminary Field Report of April 22, 2008, at
http://www.silverado.com/i/pdf/photo001V2.pdf.

This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements are based on
management's expectations and beliefs, and involve risks and uncertainties.
These statements may involve known and unknown risks and uncertainties and
other factors that may cause the actual results to be materially different
from the results implied herein. Readers are cautioned not to place undue
reliance on the forward-looking statements made in this Press Release.

This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements are based on
management's expectations and beliefs, and involve risks and uncertainties.
These statements may involve known and unknown risks and uncertainties and
other factors that may cause the actual results to be materially different
from the results implied herein. Readers are cautioned not to place undue
reliance on the forward-looking statements made in this Press Release.

Full Metal and Highbury Commence Drilling at Moore Creek Gold Project

2008-05-05T11:09:00.000-07:00

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - Full Metal Minerals (TSX VENTURE:FMM) ("Full Metal") and Highbury Projects Inc. (TSX VENTURE:HPI) ("Highbury") are pleased to announce that drilling has commenced at their Moore Creek gold discovery, located in the Kuskokwim region of West Central Alaska.

During the 2007 field season, the Companies announced new gold discoveries during the trenching programs at Moore Creek (see FMM 2007 NR# -29, November 6, 2007). Full Metal and Highbury are commencing an initial 3,000 meter core drilling program, targeting a 300 meter by 400 meter open-ended area of gold mineralization. This program will test the potential for both a bulk tonnage gold system and high grade vein hosted gold deposit.

The discoveries occur at the headwaters to significant placer gold producing streams - State of Alaska Records (2005) report that Moore Creek has produced over 60,000 ounces of placer gold, often of an exceptionally coarse nature and noted for attached quartz vein rock. Mineralization is located adjacent to a major fault zone, which is also associated with NovaGold/Barrick's Donlin Creek gold deposit (M+I: 29.38M oz; Inf: 17.1M oz; NovaGold News Release Feb 7, 2008) located 90 km to the southwest of the Property.

Gold mineralization is hosted within the Moore Creek pluton, an early Tertiary age monzonite intrusive. The grade and width of gold mineralization as well as alteration intensity identified through trenching increases towards the south. At the Spring Zone, mechanical trenching revealed a 'blind discovery' of sheeted quartz-tourmaline veins with coarse gold and disseminated sulphides. Seven trenches were completed spanning 300 meters of strike length, all of which contained gold mineralization across the full length of the trenches. Highlights include:

- 8.86 g/t Au over 11.0 meters in Trench 20

- 3.36 g/t Au over 4.0 meters in Trench 23

- 2.99 g/t Au over 11.9 meters in Trench 17

- 2.17 g/t Au over 9.3 meters in Trench 18

Mineralization continues below the deeper overburden across strike to the north and south. The Spring Zone is open for expansion to the east, west and south. Steeply dipping sheeted quartz veins range from one to ten centimeters thick, and are hosted within pervasively tourmaline altered and silicified monzonite intrusive rock. A total of 40 samples, the majority of which were channel samples, were taken from the Spring Zone (with grades ranging from 30.15 g/t Au to 0.005 g/t Au, and averaging 2.38 g/t Au).

The Troy Zone is located immediately north of the Spring zone; mineralization has been traced for over 200 meters along strike and is typified by quartz veins with strong coarse gold mineralization within a broad, lower grade zone. One quartz vein has been traced for 50 meters of strike length through trenching. The vein was sampled in three locations. Grades include 88.5 g/t Au over 0.2 meters and 36.0 g/t Au over 0.2 meters within a 3.0 meter channel that averaged 7.6 g/t Au. Wide zones of gold mineralization occur in the Troy zone, including Trench 16 which hosts 33.5 meters averaging 0.62 g/t Au along the full trench length. This trench is the westernmost completed to date.

A total of 177 samples of bedrock and colluvium were taken from a 200 by 200 meter area of the Troy Zone (the majority of which are channel samples). Samples range from 88.53 g/t Au to 0.05 g/t Au, with an average of 0.77 g/t Au. A total of 16 samples assayed over 1 g/t Au, averaging 9.89 g/t Au. Mineralization is open for expansion to the west and east.

Full Metal and Highbury recently completed additional staking, expanding the Property to 24,800 hectares. The Property is located in the historic Iditarod placer mining district, approximately 80 km southwest of McGrath, Alaska. Moore Creek had received minimal modern exploration, and has never been drill tested. An active placer mine is in operation on the property, along with a recreational mining business where large gold/quartz/tourmaline specimens are found with metal detectors. Photos of these specimens and the Moore Creek property can be seen at the site. Full Metal and Highbury are also planning on additional mapping, sampling, trenching and auger drilling to test multiple other targets on the Property.

Exploration at the Moore Creek Property will be supervised by David Hedderly-Smith, Ph.D., PG, Consultant for Highbury Projects, and Robert McLeod, P.Geo., VP of Exploration and CEO for Full Metal Minerals. Both are Qualified Persons as defined by NI 43-101. Drill cores will be cut in half using a diamond saw, with one half placed in sealed bags, and delivered to Alaska Assay Labs facilities in Fairbanks, Alaska. A sample quality control/quality assurance program is planned. Contents of this release were reviewed and approved for release by Mr. McLeod and Dr. Hedderly-Smith.

Full Metal is a generative exploration Company with multiple Projects in Alaska and the Yukon. Drilling recently commenced at the 40 Mile Zinc-Silver-Lead Project. Other 2008 drill programs include: CJ Property, Lucky Shot Property, Mt. Andrew Property, Pebble South Property, and OG Property. The Company also has Joint Venture Agreements with Kinross Gold, Freeport McMoRan, BHP Billiton, Metallica Resources, Altair Ventures and Triex Minerals.

ON BEHALF OF THE BOARD OF DIRECTORS

Full Metal Minerals Ltd.

Michael Williams, President and Director

Highbury Projects Inc.

Anish Sunderji, CEO and Director

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

For more information, please contact
Full Metal Minerals Ltd.
Jeff Sundar
(604) 484-7855
(604) 484-7155 (FAX)
Email: info@fullmetalminerals.com
Website: www.fullmetalminerals.com

Ni-Cu-PGE mineralization discovered on PFN's Tonsina Property

2008-05-05T11:03:00.000-07:00

VANCOUVER, May 5 /CNW/ - Pacific North West Capital Corp. is pleased to
announce the results from the 2007 exploration program conducted at its 100%
controlled Tonsina Property located in Southcentral Alaska. Outcrop sampling
and mapping completed in September has defined a drill ready nickel, copper,
and platinum group element target.

Highlights from the 2007 exploration program include:

<<
- Chromite bearing outcrop grab samples contain up to 2.3g/t platinum
and 1.6g/t palladium

- Chip channel samples of chromite and sulfide bearing outcrop contain
up to 0.86g/t platinum and 1.1g/t, palladium over a 2 meter interval

- Sulfide bearing outcrop grab samples contain up to 0.97% nickel and
0.58% copper

- Chip channel samples of sulfide bearing outcrop contain up to 0.75%
nickel over a 2 meter interval
>>

The 7,360 acre Tonsina Property is centered on Sheep Hill in the
northeastern Chugach Mountains only 8 km east of the paved Richardson Highway
and approximately 80 road miles north east of the all-weather port of Valdez.

To view image click on the link:
http://www.pfncapital.com/i/misc/050508image.jpg

This photo displays typical Sheep Hill nickel, copper, platinum group
element mineralization which consists of sulfides (brassy color blebs) and
chromite hosted in partially serpentinized ultramafic rocks (charcoal colored
foreground). Two samples collected from this outcrop returned values of 0.39%
Ni, 0.19% Cu, 616ppb Pt, 856ppb Pd, and 0.49% Ni, 0.25% Cu, 574ppb Pt, 856ppb
Pd.
Nickel, copper, and platinum group element mineralization is hosted in
dunite and lherzolite within the Tonsina Ultramafic Complex. The mineralized
rock units comprise a north dipping magmatic layer. Sulfide and chromite
mineralization within this layer define a distinct horizon (reef) up to
30 meters thick that has been mapped and sampled over a strike distance of
900 meters. The mineralized unit extends under cover to the north and west and
is truncated to the east by a high angle fault with unknown displacement. This
exploration success illustrates the potential for reef style nickel, copper
and platinum group element mineralization in other magmatic layers of the
Tonsina Ultramafic Complex.
A continuous chip channel sampling program was designed to cross the
mineralized horizon and test the vertical extent of the exposed
mineralization. Results indicate that copper and nickel correlate with sulfur,
and that platinum group elements correlate with chromium. High grade metal
anomalies extend over several meter intervals: 44-50 meters - 6 meter interval
grading 0.8g/t platinum and 1g/t palladium, and 62-74 meters - 12 meter
interval grading 0.59% nickel. The apparent dip of the sulfide horizon at
TOC0717 is 67.35degrees, the slope at TOC0717 is 33.69degrees, therefore the
true thickness of the 2 m samples is 1.975 m.

<<
------------------------------------------------------------------------
From_m To_m LabNum Pt_ppb Pd_ppb Cu_ppm Ni_ppm S_perc Cr_ppm
36 38 490155 171 114 1215 3230 0.20 2510
38 40 490156 192 202 1635 4210 0.46 2260
40 42 490157 250 371 1390 4530 0.47 2200
42 44 490158 93 122 1405 5810 0.53 2230
44 46 490159 798 1120 557 3110 0.22 2760
46 48 461551 750 839 496 2490 0.10 6290
48 50 461552 864 1095 781 2570 0.25 7200
50 52 461553 341 418 442 1830 0.14 2650
52 54 461554 116 164 2620 4570 0.70 2090
54 56 461555 131 151 1205 4250 0.66 996
56 58 461556 17 22 1340 3580 0.75 393
58 60 461557 31 53 1175 3650 0.73 831
60 62 461558 113 133 1195 3690 0.43 3860
62 64 461559 333 481 1935 4230 0.55 4760
64 66 461548 33 42 2930 7540 0.76 1360
66 68 487001 28 35 2040 6820 0.75 697
68 70 487002 36 43 1775 5120 0.66 1460
70 72 487003 28 55 2500 6470 0.69 1500
72 74 487004 50 88 2220 5450 0.72 1350
74 76 487005 108 149 1260 3300 0.37 1810
-------------------------------------------------------------------------
>>

Table 1 Selected geochemistry from Chip Channel TOC0717

Examination of thin sections from selected mineralized samples at the
University of Alaska petrography lab confirms the presence of widespread
pentlandite together with millerite and lesser covellite.
The Tonsina project was part of the reconnaissance agreement with
Stillwater Mining Company which was terminated in March 2008. This summer
PFN's exploration plans are to continue outcrop sampling and mapping in an
effort to expand on the currently identified sulfide and chromite horizon and
identify possible mineralized horizons in the alternating magmatic layers. An
IP survey is also planned to trace the north dipping mineralized horizon under
cover to the west, and north.

About Pacific North West Capital Corp.

Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a
mineral exploration company focused on platinum group metals (PGMs) and base
metals. Management's exploration philosophy is to generate new projects and
advance them to the point where they can be joint ventured to major mining
companies and funded through to production. To that end, Pacific North West
Capital's current option/joint ventures agreements are with Anglo Platinum,
Stillwater Mining Company, Xstrata Nickel, SOQUEM, First Nickel and Benton
Resources.
The Company currently has over $11 million in working capital and
securities.
The Qualified Person for this news release is Curtis Freeman, MS., P. Geo

On behalf of the Board of Directors

"Harry Barr"
Harry Barr, President & CEO

Disclaimer: This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than statements of
historical fact, included herein are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the
Company's expectations are disclosed in the Company's documents filed from
time to time with The Toronto Stock Exchange, British Columbia Securities
Commission and the United States Securities & Exchange Commission.

For further information: Tel: (604) 685-1870, Fax: (604) 685-8045,
Email: info@pfncapital.com, or visit www.pfncapital.com; 2303 West 41st
Avenue, Vancouver, B.C., Canada, V6M 2A3

Mining’s influence Industry continues to help build Alaska

2008-03-22T10:03:00.000-07:00

The biennial gathering of miners and mining industry movers and shakers for the Fairbanks Alaska Mining Conference provides a consistent reminder for the people of this region about the importance of an activity that sometimes is taken for granted.

Fairbanks is a town built on gold, located in a state transformed and continually fueled by mineral exploration and resource development. Call it an obvious statement from a newspaper with “miner” in its name, but in the recent political climate it feels worthy to note that miners are welcome and appreciated here.

The mining industry in our state annually pumps billions of dollars into local economies and continually holds the promise of job creation and economic development in the most remote areas of our state. Few other economic engines — if any — hold as much potential. Consider Pogo Mine development and the community of Delta Junction or Usibelli Coal Mine and Healy as perfect examples.

This is not all about the largest corporations and biggest mines, however.

Full Article

Little Squaw's Chandalar Gold Deposit Indicated as Economically Viable

2008-03-19T18:32:00.000-07:00

Little Squaw Gold Mining Company (OTCBB: LITS) ($0.69) ("Little Squaw" or "the Company") has received draft results of an independent economic scoping study on its alluvial gold deposit discovery in the Little Squaw Creek drainage located on the Company's wholly owned Chandalar, Alaska, mining property. The study concludes gold-bearing gravels contain a minimum of 231,000 ounces of recoverable gold that could be extracted at a cash cost of $442 per ounce and a full cost of $711 per ounce. The Company believes the deposit can be substantially expanded through additional drilling and that an increase in its size would significantly increase profitable mine life and lower unit costs.

The scoping study examines an open-pit mine plan that would begin with production at 30,000 ounces of gold per year and yield an average of 21,000 ounces of gold per year over an 11-year mine life. Required start-up capital is estimated at $17.9 million with life-of-mine capital costs at $30.6 million. Cash flow analyses run at $900-per-ounce gold show a 33 percent internal rate of return on capital investment with a 3.6-year payback. Cumulative net revenues are projected to total $204 million (after transport cost deduction and refining losses), net cash flow projection totals $44 million and the net present value of cash flow projection totals $12 million using a 15 percent discount rate. The scoping study was done by a consulting licensed mining engineer experienced in the operation of alluvial gold mines.

Richard Walters, President of the Company, said, "It is my opinion that we have discovered a commercially viable, industrial-scale alluvial gold deposit that is geologically unique to Alaska but is similar to the big alluvial gold deposits being mined in neighboring Siberia."

Robert Pate, Chief Operating Officer of the Company, confirmed, "We have defined more than 8 million cubic yards of near-surface pay gravels where we can gain the economies of scale in a surface bulk-mining operation. This amount could double as drilling progresses."

Chief Financial Officer of the Company, Ted Sharp, added, "We believe that when investors apply even simple arithmetic, they will see Little Squaw as the great value-buy opportunity we think our stock represents."

The Company does not purport to have a U.S. Securities and Exchange Industry Guide 7 compliant mineral resource. It does, however, believe that the quantity of mineralized material as defined in the scoping study falls within the definition of resource classifications by the Canadian Institute of Mining.

The Company is proceeding with more in-depth engineering studies as it prepares for an aggressive summer drilling program which will be financed by a private placement offering. The Company believes its Chandalar alluvial gold deposit can be streamlined into production because it does not require the use and permitting of milling, chemicals and tailings ponds in the gold recovery process.

Richard Walters, President of Little Squaw, wrote this news release; the Company is responsible for its contents. For additional information regarding Little Squaw, contact Susan Schenk, Manager of Investor Relations: telephone (509) 535-6156; e-mail ir@littlesquawgold.com. Little Squaw maintains a comprehensive Web site at www.littlesquawgold.com.

Little Squaw Gold Mining is engaged in the business of precious-metals discovery. This endeavor carries certain risks that are commensurate with the potential rewards of such efforts. These risks cannot be quantified and should not be taken lightly. All statements made here regarding the firm's investment potential should be considered "forward-looking statements" as defined by prevailing regulatory guidelines. As forward-looking statements, these items represent the measured professional judgment of management. They do not, however, represent guarantees, and unforeseen and/or unforeseeable future developments that may render them either incomplete or incorrect. Actual results, plans, programs, and financial performance may differ materially from express or implied forward-looking statements.

For additional information regarding Little Squaw, contact:
Susan Schenk
Manager of Investor Relations
telephone (509) 535-6156
e-mail ir@littlesquawgold.com

Linux Gold Corp. Receives New Technical Report on the Granite Mountain Property in Western Alaska

2008-03-17T20:37:00.000-07:00

VANCOUVER - (Business Wire) Linux Gold Corp. (OTCBB:LNXGF) John Robertson, President of Linux Gold Corp., is pleased to announce that a new 43-101 technical report, for the Granite Mountain Property in western Alaska, and the consent of the author of the report, was filed February 7, 2008 on SEDAR (www.sedar.com).

The Granite Mountain property consists of 276 State of Alaska MTRSC quarter-section mining claims (160 acres each), within seven contiguous claim blocks, recorded in the Cape Nome Recording District. These claims cover approximately 179sqkm. The property is located in western, Alaska, at the east edge of the Seward Peninsula, approximately 240km east-northeast of Nome, and approximately 640 km west of Fairbanks.

The report’s author proposes that further exploration on the Property be conducted in two phases. These phases include a surface exploration program (Phase 1, estimated $504,064 CAN$), and, contingent on encouraging results, a follow-up exploration drilling program (Phase 2, estimated 325,238 CAN$). The total estimated cost of the proposed programs is $829,302 (CAN$).

Phase 1

Surface exploration program which includes rock sampling and geologic mapping of the known prospects, grid base auger drilling, soil sampling, trenching and rock chip sampling, airborne geophysical survey and additional ground geophysical surveys.

Phase 2

Conduct a 6 hole diamond drill program of 3,600 ft (1,097 meters) to test several known mineralized areas and newly discovered drill targets from the Phase 1 surface exploration program.

The full 43-101 technical report can be viewed at:

http://www.linuxgoldcorp.com/gm0643101feb2008.pdf

It is also available on the Company’s website at www.linuxgoldcorp.com.

Mineralization:

Polymetallic mineralization within the Granite Mountain property occurs at numerous locations on the property and in several distinct styles. Extremely limited outcrop exposures have made it difficult to assess the surface extent of mineralization at these locations. Most significant lode and placer occurrences known to date are located on the western portion of the Granite Mountain property, within a broad north-northwest trending mineralization-alteration zone known as the “Kiwalik trend”. In the late 1960’s, USGS geologists first recognized this zone as being spatially associated with the Quartz Creek Pluton and several northwest trending fault structures. Alteration which defines this zone includes widespread propylitic alteration of volcanic rocks and local intense quartz-sericite, carbonate and tourmaline alteration. Polymetallic mineralization, found on the eastern portion of the Granite Mountain property, associated with the Peace River Stock, has a slightly different style and geochemical signature.

The report’s author, Mr. David Adams, is a Qualified Person as defined by National Instrument 43-101. He is a Certified Professional Geologist (American Institute of Professional Geologists #7586), and a member of the Society of Economic Geologists, the Association for Mineral Exploration in B.C, the Alaska Miners Association and the Geological Society of America.

ABOUT LINUX GOLD CORP:

Linux Gold Corp. is involved in exploration of mineral properties. Our current plans are to joint venture and explore our mineral properties in Northern B.C., Alaska and China. Linux Gold Corp. owns 284 State of Alaska mining claims at several locations near Granite Mountain on the eastern Seward Peninsula of Alaska. The Company has acquired a 100% interest in the TY and ORO properties in B.C. Linux Gold Corp. also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. Linux Gold Corp. optioned a 50% interest in the Fish Creek claims to Teryl Resources Corp. (TRC-V), retaining a 5% net smelter return or may convert into a 25% working interest. Linux has also staked mineral exploration claims covering 6,400 acres in the Livengood-Tolovana Mining District, in the State of Alaska.

For more information please visit www.linuxgoldcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"John Robertson"
President

READER ADVISORY

This news release may contain certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements.

Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated; the accuracy of reserve and resource estimates, if any, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; changes in laws, rules and regulations applicable to Linux, and changes in how they are interpreted and enforced, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada, and the United States, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange, stock market volatility and market valuations of companies with respect to announced transactions. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com, and the Company’s 20-F annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom.

Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Linux Gold Corp.
John Robertson, 800-665-4616

Bravo Venture Group Inc.: Woewodski Program Update

2008-03-17T20:33:00.000-07:00

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today the company has acquired 100% interest in the Woewodski Island VMS project in southeast Alaska following successful re-negotiation of certain terms in an underlying agreement with the vendors of the property. The company also reported results of the company's 2007 exploration program.

Bravo's ownership is subject to a 3% NSR royalty on all metals, of which 1% can be purchased for US$1MM any time prior to production and another 1% can be purchased at any time for US$1.5MM. The property would be subject to a total of 1% NSR if both reductions are purchased. No further cash payments are due, but there is a work commitment of US$250,000 in 2008.

The company reported that it completed detailed gravity and 3D IP geophysical surveys and two core holes totaling 432.6 metres at the East Lake target, where previous drilling encountered mineralized boulders of massive sphalerite (hole EL04-01) and several horizons of semi-massive pyrite and fine grained black to grey argillite. Both holes (WW07-034 and -035) contained +16m thick downhole intervals of anomalous Ag (greater than 1ppm) and Zn (greater than 0.1%) with associated anomalous, but less continuous, Ba and Au values, indicating that a long-lived and widespread plume of VMS-style mineralization was active during deposition of the sedimentary and volcaniclastic sequence.

Significantly, intervals of black argillite occur within the mineralized horizons and elsewhere throughout the stratigraphy of the East Lake basin which are interpreted as equivalent to the "Mine Argillite", which hosts Hecla's Greens Creek deposit (current reserves - Hecla Mining Company: 7.68 million tons grading 14opt Ag, 0.11opt Au, 10.4% Zn, and 4% Pb), located 145 kilometres to the north. The majority of the planned 2008 work program will consist of shallow "Winkie" core holes that will provide data for metal zoning and basin reconstruction within the "Mine Argillite" at Woewodski.

Much of the 2007 exploration program focused on several gold prospects along the western and southern margins of Woewodski Island where 33 relatively short core holes were drilled for a total of 2,541 metres. Drilling targeted gold-quartz veins which occur within broad, up to 10 metre thick, strongly carbonate altered shears. Quartz veins were intersected in many of these holes. Higher grade results include: 1.13 metres grading 4.0g/t Au, and 0.73 metres grading 7.2 g/t Au; however, the high gold grades obtained in surface samples were not obtained in drill core(1). No further work is planned on these veins at this time.

Woewodski Island

The VMS Woewodski Island Project includes 501 Federal claims and three State claims covering 3,260 hectares in southeast Alaska. This "deep-water, tide-water" accessible property is located approximately 30km SSW of Petersburg with multiple targets hosted within the same volcanic-sedimentary rocks that host the Green's Creek, Alaska and Windy Craggy, British Columbia VMS deposits.

About Bravo Venture Group Inc.

Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada, Alaska, and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada. The Homestake Ridge and Silver Basin projects in British Columbia are gold-rich epithermal/VMS-related vein systems within Eskay Creek/Silbak-Premier stratigraphy.

(1) Downhole mineralized intervals are reported. True thicknesses of the horizons are estimated to be greater than 90% of the downhole thickness.

Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.

On behalf of the Board of Directors

Joseph Kizis Jr. Director, President, Bravo Venture Group Inc.

We seek safe harbor.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

For more information, please contact
Bravo Venture Group Inc.
Jay Oness
1-888-456-1112 or (604) 684-9384
Email: corpdev@mnxltd.com
Website: www.bravoventuregroup.com

Residents suing over proposed Chuitna coal mine

2008-03-17T20:28:00.000-07:00

by Rebecca Palsha
Monday, March 17, 2008

ANCHORAGE, Alaska -- Chuitna River residents are going to court to fight a coal mine being built in their area.

Residents filed an appeal with the Alaska Superior Court Monday.

The suit challenges Natural Resources Commissioner Tom Irwin's refusal to consider a petition designating land within the Chuitna River watershed as unsuitable for surface coal mining.

Delaware-based Packrim Coal wants to develop the area on the west side of Cook Inlet, about 45 miles from Anchorage.

Full Story

Clean Water Initiatives approved but court battle looms

2008-03-12T13:06:00.000-07:00

The state announced this afternoon that the two versions of the Clean Water initiatives have received enough valid signatures from Alaska voters to qualify for the statewide election ballot in August.
The intiatives are an effort to set new rules for large metallic mines, banning them from discharging anything toxic into salmon streams or drinking water sources.
Ordinarily, getting enough signatures means that the initiatives will get on the ballot.
But the initiatives are embroiled in a legal battle over their constitutionality.
The initiative sponsors and their adversaries in the mining industry say they plan to take that battle to the state Supreme Court.

ADN Mining Blog

Little Squaw’s Big Gold Potential

2008-03-12T13:02:00.000-07:00

By Eric Pratt
Mar, 12th

Its not often one discovers an OTC-listed mining company that has a board of directors and management team with the caliber and pedigree of Little Squaw Gold Mining Company (OTCBB:LITS).

The president, Richard Walters, besides being a certified professional geologist with the American Institute of Professional Geologists and a Qualified Person as defined in National Instrument 43-101, was also a founder, director, president and chief operating officer of Yamana Resources Inc. the forerunner to Yamana Gold Inc., (TSX:YRI) between December 1994 and March 2000. He also serves as a director and executive vice-president of Marifil Mines Ltd. (TSX.V:MFM).

Rodney Blakestad, the vice-president of exploration, has in his thirty years as a geologist worked with Columbia Metals Corp. (TSX.V:COL), Nevada Star (now Pure Nickel - TSX:NIC), and Robex Resources (now Robex Gold – TSX.V:RBX). He is credited in part with the discovery of the 4 million ounce Fort Knox Gold Mine, now owned by Kinross Gold Corporation (TSX:KGC).

Robert Pate, the company’s vice-president of operations, is also a 30 year veteran of mine operation and mineral exploration having served with Yamana Resources, Freeport Copper (a division of Freeport McMoran – NYSE: FCX) , Coeur d’Alene Mines (NYSE:CDE), and Atlas Precious Metals were he was the chief geologist at the Gold Bar Mine in Nevada. At Freeport, he was a senior supervisor of the huge Grassberg Indonesia copper/ gold mine.

Full Article

Linux Gold Corp. Announces Drilling Program to Commence on its Fish Creek Property in Alaska

2008-03-12T13:00:00.000-07:00

VANCOUVER, British Columbia--(BUSINESS WIRE)--Linux Gold Corp. (OTCBB:LNXGF) wishes to announce that our joint venture partner Teryl Resources Corp. (TSX Venture Exchange: TRC, Pink Sheet Symbol: TRYLF) is currently arranging a drill program on the Fish Creek claims in Alaska to test several gold geophysical anomalies and placer targets. The geophysical survey was completed by Fugro Airborne Survey, Inc. under contract to Fairbanks Gold Mining/Kinross Gold, which has identified six main gold targets on the Fish Creek prospect. The Fish Creek claims are adjacent to Teryl’s Gil joint venture claims with Kinross Gold Corp. The Gil joint venture claims are located near the Fort Knox mill, which is the largest producing gold mine in Alaska. Teryl is anticipating an exploration program this year on the Gil joint venture subject to an approved budget. The Fish Creek claims are joint ventured with Linux Gold Corp. wherein Teryl can earn a 50% interest by expending $500,000. Linux Gold Corp. can back-in for a 25% interest in the Fish Creek property after the expenditures of $500,000 are made by Teryl Resources Corp.

Source: Press Release

USGS Announces Minerals Research Grant Recipients

2008-01-24T14:44:00.000-08:00

The U.S. Geological Survey (USGS) announced today three grant award recipients for the 2008 Mineral Resources External Research Program, which encourages minerals research.

The Mineral Resources External Research Program invited research proposals that will help ensure a sustainable supply of minerals for the nation's future; understand the relationship between minerals, the environment and public health; provide information to make informed land-use decisions; and deliver mineral information critical to national security. Proposals were accepted from academia, state agencies, industry, and other private sector organizations and scientists.

Following are the proposals and principal investigators awarded grants for the 2008 Mineral Resources External Research Program.

Comparing Old and New Deposits

Mark Barton, Lukas Zürcher and Eric Seedorff of the University of Arizona will study the formation of mineral systems in the Basin and Range Province of Arizona and Nevada. Older mineral systems will be compared and contrasted with younger systems to provide a new perspective on deposit characteristics and mineral potential in the region. The results of this study are expected to improve the ability to assess undiscovered mineral resources in the western United States and northern Mexico.

Formation of Gold Deposits

Jean Cline and Haroldo Lledo of the University of Nevada, Las Vegas, will investigate whether there is a relationship between the intrusion of magma and the formation of overlying gold deposits in the Searchlight mining district in Nevada. Because the system has been tilted on its side, allowing for the examination of very deep magmatic roots, this district provides a unique opportunity to study a mineralized system with extensive gold deposits. This research is expected to advance our understanding of how these types of mineral systems relate to intrusive and volcanic processes and improve our ability to assess undiscovered resources associated with them.

Copper Faulting and Uplift

Paul O'Sullivan and Raymond Donelick of Apatite to Zircon, Inc., Viola, Idaho, will conduct research on the Pebble copper deposit in southwest Alaska, potentially one of the largest copper deposits of its type in the world. This work will attempt to document the timing of the deposit's faulting and uplift movement both before and after mineral deposit formation. Because the deposit is completely covered by younger rocks and surficial material, results of this research are expected to provide context for exploring and assessing similar concealed mineral resources in frontier regions of Alaska.

For more information on the USGS Mineral Resources Program, visit the Minerals Resources Program website.

Mine accident report faults training

2008-01-17T12:23:00.000-08:00

ANCHORAGE, Alaska (AP) - Two workers killed in a construction accident at a gold mine last year were not properly trained to use the machine that toppled over and pitched them to the ground, according to a federal report.

The manlift at the Rock Creek Mine in Nome was not positioned on solid, level ground and it was being operated incorrectly because the workers had not been given adequate training, says a report issued Wednesday by the Mine Safety and Health Administration.

The accident occurred July 19, 2007, during the construction of the mine's mill building.

Tyler Kahle, 19, of Tomahawk, Wis., and Craig Bagley, 27, of Anchorage -- fishing buddies when not working -- were descending in a basket with the boom extended when the manlift tipped over.

The two were working for Alaska Mechanical Inc., a contractor building the mine and milling facilities operated by Alaska Gold Co., a NovaGold Resources Inc. (AMEX:NG) subsidiary.

Full Story

Pacific North West Capital And Stillwater Mining Agree On Terms Of JV

2008-01-17T12:18:00.000-08:00

1/16/2008 12:29:16 PM Pacific North West Capital (PFN.TO), a mineral exploration company, said Wednesday it finalized a joint venture agreement on the Goodnews Bay Platinum Project with the Billings, Montana-based Stillwater Mining Co. (SWC).

Under the terms of the agreement, Stillwater by spending $4 million is entitled to earn a 50% interest in the project by December 31, 2010.

Stillwater has the option to increase its interest in the project to 60% by incurring an additional $8 million in exploration expenditures within an additional two-year period or upon completion of a Feasibility Study, whichever occurs first.

Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.

PFN and Stillwater are exploring the Goodnews Bay Platinum Project. The sampling program was completed in 2006 and 2007 and resulted in definition of drilling targets at both Red Mountain and Susie Mountain.

The Vancouver, Canada-based Pacific North West Capital disclosed that a $1 million exploration budget has been approved for 2008 with the objective to drill one or more established targets and to define additional new platinum mineralization.

PFN and Stillwater are currently engaged in two distinct platinum group metal projects in Alaska. In addition, PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America.

PFN.TO is trading at $0.3650 on a volume of 5,000 shares.

NovaGold Resources Inc.: New Management Team Appointed to Lead Galore Creek Project

2008-01-17T12:16:00.000-08:00

NovaGold Resources Inc. (TSX: NG)(AMEX: NG) and Teck Cominco Limited (TSX: TCK.A)(TSX: TCK.B)(NYSE: TCK) today announced the appointment of a highly experienced senior management team to lead the Galore Creek project through the next phase of evaluation and optimization. NovaGold and Teck Cominco have appointed Mr. Pol Guzman as President & General Manager and Mr. Gary Ward as Project Director of the Galore Creek Mining Corporation.

Mr. Guzman and Mr. Ward have joined the Galore Creek team to lead an aggressive review of Galore Creek's development with the objective of producing a modified construction approach and execution plan that will deliver enhanced financial returns. This work will begin immediately.

Mr. Guzman is an internationally recognized senior project executive with in-depth experience in several complex and large-scale mine development projects. A mechanical engineer by training, Mr. Guzman brings with him decades of experience in the optimization, design and execution of mining projects, including the Escondida and Antamina mines in Latin America, where he served as Project Director during construction.

Mr. Ward brings over 40 years of project execution experience to the Galore Creek project. Mr. Ward has managed feasibility study updates, value improvement exercises and construction coordination, often in multicultural environments, and most recently as Project Director for the expansion of the Paracatu project in Brazil.

"I am very optimistic that this outstanding leadership team will be able to view the project with a fresh perspective and draw on their extensive experience to identify a path forward that will deliver clear value for both partners," said Rick Van Nieuwenhuyse, President & CEO of NovaGold.

"The appointment of two professionals with the breadth of experience that Pol and Gary bring to Galore Creek demonstrates clearly that both NovaGold and Teck Cominco remain fully committed to unlocking the potential of the Galore Creek resource as rapidly as possible," said Don Lindsay, President & CEO of Teck Cominco.

NovaGold and Teck Cominco would like to thank Doug Brown for his exceptional efforts in leading the Galore Creek project since the formation of the partnership in mid-2007. The project was operated to the highest environmental and safety standards and achieved significant progress under Mr. Brown's leadership. As the Galore Creek project moves into this phase of optimization and re-engineering, Mr. Brown will return to his role as Vice President Business Development for NovaGold but will remain actively involved in Galore Creek through its management committees.

Substantial value was added to the project during the 2007 construction season, including clearing 80% of the 135-kilometer road right-of-way, completing 66 kilometers of pioneer road, installing a number of key bridges and initiating work on the road access tunnel into the Galore Creek Valley. During the construction suspension and optimization period, the partners will maintain the existing infrastructure to ensure the project can be restarted quickly and efficiently as soon as a modified construction approach is defined and approved.

As a result of the decision to reassess the feasibility study and project economics, all of Galore Creek's proven and probable reserves have been reclassified as measured and indicated resources (see NovaGold's resource table at www.novagold.net). As a result, NovaGold expects to be filing a National Instrument 43-101 report prior to January 31, 2008. In the interim, the information contained in the Galore Creek Feasibility Study completed by Hatch Ltd. in October 2006 should not be relied upon.

About NovaGold

NovaGold is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. Production is scheduled for 2008 at the 100%-owned Nome Operations in Alaska, which includes the Rock Creek, Big Hurrah and Nome Gold deposits. NovaGold owns 50% of the Donlin Creek gold project in Alaska, one of the world's largest gold deposits, with Barrick Gold (50%). The Company also owns 50% of the Galore Creek copper-gold-silver project in British Columbia with Teck Cominco (50%). Also in Alaska, NovaGold is earning a 51% interest as manager of the high-grade Ambler copper-zinc-silver-gold project in partnership with Rio Tinto. NovaGold has one of the largest resource bases of any exploration or development-stage precious metals company. NovaGold trades on the TSX and AMEX under the symbol NG.

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation; anticipated dates for receipt of permits and approvals, construction and production, and other milestones; anticipated results of drilling programs, feasibility studies and other analyses; estimated timing and amounts of future expenditures, and NovaGold's future production, operating and capital costs, operating or financial performance, are forward-looking statements. Information concerning mineral resource estimates also may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from NovaGold's expectations include fluctuations in gold and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in NovaGold's Annual Information Form for the year ended November 30, 2006, filed with the Canadian securities regulatory authorities, NovaGold's annual report on Form 40-F filed with the United States Securities and Exchange Commission, and other information released by NovaGold and filed with the appropriate regulatory agencies.

Cautionary Note Concerning Reserve and Resource Estimates

This press release and other information released by NovaGold uses the terms "resources", "measured resources", "indicated resources" and "inferred resources". United States investors are advised that, while such terms are recognized and required by Canadian securities laws, the United States Securities and Exchange Commission (the "SEC") does not recognize them. Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Mineral resources that are not mineral reserves do not have demonstrated economic viability. United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. Inferred resources are in addition to measured and indicated resources. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher category. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred resources exist, or that they can be mined legally or economically.

National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all reserve and resource estimates contained in this press release or released by NovaGold in the future, have been or will be prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. The requirements of NI 43-101 are not the same as those of the SEC, and reserves reported by NovaGold in compliance with NI 43-101 may not qualify as reserves under the SEC's standards.

Contacts:
NovaGold Resources Inc.
Greg Johnson, Vice President,
Corporate Communications and Strategic Development
(604) 669-6227 or 1-866-669-6227
NovaGold Resources Inc.
Rhylin Bailie
Manager, Corporate & Investor Relations
(604) 669-6227 or 1-866-669-6227
Email: info@novagold.net
Website: www.novagold.net

Andover Provides Compilation of 2007 Results from SUN Property, Alaska

2008-01-16T10:20:00.000-08:00

Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE:AOX)(FRANKFURT:R2X) wishes to provide a synopsis of the 2007 drilling results previously announced by the Company October 11, October 31st, December 4th and December 12th, 2007 from the Company's flagship property, SUN, a volcanogenic massive sulfide (VMS) deposit located in the Ambler Mining District in the Brooks Range in Northwestern Alaska.

To recap 2007 work/drill program undertaken by the Company, conducted at the SUN deposit:

- New 20-man permanent camp.

- 1,500 foot permanent airstrip.

- Geochemical sampling along the strike.

- Two Boart-Longyear LF 70s drilled 4,496 meters (14,750 feet) of NQ2 core in 20 holes.

- Nineteen of the twenty holes encountered mineralized zones ranging from an estimated 1.20 to 37.01 meters (3.9 to 121.42 feet) thick. The 2007 drill program tested along 1,400 meters strike.

- Seven of the holes encountered two mineralized horizons.

- Two drill holes encountered three mineralized zones.

- Thirty total intersections were encountered and average over 6 meters (20 feet) thick of massive and semi-massive mineralization.

- Discovered/identified a new thickened zone.

- Extended the strike length by 300 meters North.

- Discovered lower "Hot" zone, up to 30.0 meters thick, open in both directions.

Copper, Lead, Zinc, Silver and Gold analysis for the mineralized intercepts received are included in the table below:

--------------------------------------------------------------------------
thick-
from to ness Cu Pb Zn Ag Au
Hole No. (m) (m) (m) (%) (%) (%) (g/t) (g/t)
--------------------------------------------------------------------------
Sun 07-01 84.50 88.55 4.05 0.70 2.60 6.00 133.0 0.273
--------------------------------------------------------------------------
Sun 07-02 136.70 139.70 3.00 7.40 2.50 7.40 182.9 0.241
--------------------------------------------------------------------------
Sun 07-03 140.00 145.00 5.00 0.30 0.03 5.00 265.0 0.462
--------------------------------------------------------------------------
Sun 07-04 171.00 173.74 2.74 0.14 0.27 1.02 6.2 0.059
--------------------------------------------------------------------------
Sun 07-05 165.00 167.00 2.00 0.93 0.49 1.08 29.5 0.124
--------------------------------------------------------------------------
Sun 07-06 93.35 96.35 3.00 0.15 3.59 5.92 148.0 0.217
--------------------------------------------------------------------------
Sun 07-07 FAULTED HOLE ASSAYS BELOW
--------------------------------------------------------------------------
Sun 07-07 89.20 89.45 0.25 0.37 1.24 2.91 75.0 0.174
--------------------------------------------------------------------------
Sun 07-09 106.30 111.40 5.10 3.1 0.68 3.85 206.9 0.929
--------------------------------------------------------------------------
Sun 07-10 83.80 94.74 10.94 2.34 0.77 5.98 68.1 0.266
--------------------------------------------------------------------------
And 128.57 133.65 5.08 4.34 0.58 2.76 99.1 0.199
--------------------------------------------------------------------------
Sun 07-11 108.80 110.80 2.00 1.17 0.04 0.22 4.9 0.251
--------------------------------------------------------------------------
And 168.70 173.40 4.70 0.66 1.87 8.85 64.4 0.163
--------------------------------------------------------------------------
Sun 07-12 114.55 146.97 32.42 1.04 0.80 2.83 81.2 0.261
--------------------------------------------------------------------------
Includes 114.55 119.80 5.25 1.94 1.91 6.52 194.0 0.391
--------------------------------------------------------------------------
Includes 123.53 124.17 0.64 1.10 6.54 9.30 628.6 2.360
--------------------------------------------------------------------------
Includes 133.00 146.97 13.97 1.61 0.90 3.65 82.4 0.317
--------------------------------------------------------------------------
Sun 07-13 71.44 108.45 37.01 1.17 1.85 7.26 44.0 0.179
--------------------------------------------------------------------------
Includes 72.10 84.00 11.90 1.07 5.38 16.54 86.6 0.210
--------------------------------------------------------------------------
Includes 84.00 94.40 10.40 2.11 0.31 6.28 41.9 0.322
--------------------------------------------------------------------------
Includes 104.9 108.45 3.55 0.98 0.08 0.52 9.9 0.660
--------------------------------------------------------------------------
And 139.33 141.00 1.67 1.41 1.59 5.93 73.8 0.162
--------------------------------------------------------------------------
Sun 07-14 38.43 40.64 2.21 3.53 0.50 1.48 47.7 0.138
--------------------------------------------------------------------------
And 52.00 82.20 30.20 1.06 0.69 2.03 43.0 0.344
--------------------------------------------------------------------------
Includes 52.00 59.20 7.20 1.68 2.64 5.53 156.5 1.188
--------------------------------------------------------------------------
Includes 67.70 74.00 6.30 0.99 0.12 1.86 10.4 0.115
--------------------------------------------------------------------------
Includes 78.64 82.20 3.56 2.61 0.19 2.34 25.1 0.153
--------------------------------------------------------------------------
Sun 07-8a 85.34 93.60 8.26 0.80 0.50 1.00 105.0 0.294
--------------------------------------------------------------------------
Includes 85.34 88.80 3.46 1.20 5.00 10.20 226.0 0.482
--------------------------------------------------------------------------
And 107.06 112.00 4.94 1.50 0.00 0.00 5.7 0.099
--------------------------------------------------------------------------
And 119.00 123.85 4.85 1.50 0.20 0.90 26.0 0.136
--------------------------------------------------------------------------
Sun 07-15 46.65 52.00 5.35 4.00 0.20 2.50 27.8 0.331
--------------------------------------------------------------------------
And 99.80 100.70 0.90 3.70 0.40 3.20 76.3 1.232
--------------------------------------------------------------------------
And 106.35 110.20 3.85 0.60 0.30 2.00 20.3 1.494
--------------------------------------------------------------------------
Sun 07-16 128.10 159.50 31.40 0.90 0.40 1.50 15.8 0.060
--------------------------------------------------------------------------
Includes 128.10 134.25 6.15 0.50 0.20 1.00 17.3 0.116
--------------------------------------------------------------------------
Includes 145.25 159.50 14.25 1.70 0.80 2.70 34.8 0.066
--------------------------------------------------------------------------
Includes 148.25 151.60 3.35 4.10 1.30 3.80 70.8 0.123
--------------------------------------------------------------------------
Sun 07-17 59.00 61.00 2.00 1.10 0.00 0.10 5.0 0.083
--------------------------------------------------------------------------
And 81.00 82.00 1.00 0.40 1.30 4.60 35.5 0.192
--------------------------------------------------------------------------
And 93.75 95.00 1.25 1.10 0.80 6.00 28.4 0.058
--------------------------------------------------------------------------
And 126.10 134.70 8.60 0.80 0.60 2.60 33.7 0.363
--------------------------------------------------------------------------
And 168.40 170.40 2.00 3.00 0.10 0.80 16.3 0.272
--------------------------------------------------------------------------
Sun 07-20 151.28 161.30 10.02 1.20 1.50 7.50 61.7 0.203
--------------------------------------------------------------------------
Includes 153.00 157.96 4.96 1.00 2.70 13.60 93.1 0.198
--------------------------------------------------------------------------
And 183.50 192.80 8.70 2.70 0.30 1.70 34.6 0.131
--------------------------------------------------------------------------
Sun 07-21 197.82 210.31 12.49 1.70 0.70 3.30 81.0 0.227
--------------------------------------------------------------------------
Sun 07-22 166.00 197.50 31.50 0.80 0.80 3.00 35.5 0.121
--------------------------------------------------------------------------
Includes 166.00 177.50 11.50 1.40 2.10 7.80 89.5 0.298
--------------------------------------------------------------------------
Includes 191.10 197.95 6.85 0.90 0.20 0.80 10.4 0.043
--------------------------------------------------------------------------
And 203.60 205.40 1.80 1.50 0.10 0.30 31.0 1.107
--------------------------------------------------------------------------

All drilling conducted at SUN was within 30 degrees of being perpendicular to bedding; hence thicknesses should all be close to true thickness.

The core samples were sawed and half the core was sent to Alaska Assay Labs in Fairbanks Alaska for a 30 element ICP-AA analysis with gold and silver fire assayed with an AA finish. Base metal overlimits were wet assayed. Check assays have been done at ALS Chemex labs in Vancouver, British Columbia. Blanks and standards were inserted with each sample shipment.

These results have outlined a new 500 meter long 50-100 meter wide thickened zone which averages 35.5 meters (116.5 ft) thick. This highly prospective thickened zone is open to the south for at least a further 150 meters (492 ft) towards a fault that currently bounds the main SUN mineralized zone. In 2007 AOX intercepted six (6) fold thickened intercepts over the 500 meters, which average 35.5 meters thick hosting an average grade of 1.05% Cu, 0.81% Pb, 3.26% Zn, 42.9 gm/t Ag and 0.176 gm/t Au.

This prospective large volumetric addition and thickened zone was not considered in the Main SUN resource calculation completed in January 2007.

In 2007 Andover has extended the Main SUN deposit 300 meters to the Northeast and has discovered a new lower "HOT" zone ranging, 8.6 meters to 30.0 meters thick. This new lower "HOT" zone is open in both directions and was not included in the January 2007 Main SUN resources calculation.

Andover encountered 39 separate massive sulfide zones during the 2007 season which average 6.82 meters (22.4 ft) thick over a strike length of 1,400 meters (4593 ft) to a depth of 250 meters (820 ft). Average grade was 1.5% Cu, 1.0% Pb, 3.85% Zn, 63.1 gm/t Ag and 0.266 gm/t Au.

ON BEHALF OF THE BOARD

Robert Gardner, Chairman of the Board

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Full Metal Identifies Significant Geochemical and Geophysical Anomalies at OG Zn-Pb-Ag Property

2008-01-15T13:40:00.001-08:00

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - Full Metal Minerals Ltd. (TSX VENTURE:FMM) is pleased to announce the results of an extensive surface mapping, sampling and gravity geophysical program from the 100% owned OG Zinc-Lead-Silver Property, Yukon.

The OG Property is a carbonate-replacement style deposit (CRD) located approximately 40 kilometers north of Dawson City, Yukon. Full Metal is planning a minimum 3,000 meter Phase I drilling program to commence in the spring of 2008.

Work completed during 2007 outlined the Raider Zone, a significant new 1.0 square kilometer multi-element soil anomaly (greater than 500 ppm Pb, greater than 1000 ppm Zn, greater than 2 g/t Ag). The Raider Zone is located 750 meters north of the Yankee Zone, which was expanded from 1.4 to 1.7 square kilometers (greater than 500 ppm Pb, greater than 1000 ppm Zn, greater than 2 g/t Ag). Sample spacing ranges from 50 meters by 50 meters to 50 meters by 200 meters at both Zones. The Yankee and Raider anomalies are open for expansion to the east. Multiple other anomalous areas were identified north of the Raider Zone. From July through September 2007, 1,380 samples were collected at the OG Property; soil samples range from 6.8 to 39,200 ppm Pb, average 327 ppm Pb; 27 to 11,100 ppm Zn, average 560 ppm Zn, and 0.2 to 154 g/t Ag, average 0.9 g/t Ag.

Additionally, a ground-based gravity geophysical survey was completed over only the western third of the Yankee Zone soil anomaly. The survey outlined a 1.1 to 1.6 mGal anomaly, measuring approximately 600 by 600 meters. Gravity geophysical surveys identify denser rock, with the intent of identifying massive sulphide mineralization.

The OG Property was drill tested by 12 core holes in 1975 and 76 by Hudson's Bay Mining. Assay results are known for only six holes, which were filed under mandatory Yukon Territory assessment report requirements. Limited exploration work was performed on the Property prior to the 2007 Exploration Program.

Surface mapping identified CRD style mineralization consisting of coarse grained pyrite, sphalerite and galena with local chalcopyrite within a sequence of platformal Proterozoic limestones, commonly altered to dolomite. Mineralization occurs within the footwall to a regional thrust fault, with capping fine grained siliciclastic overlying the mineralization. The Raider and Yankee zones are separated by a window of the upper plate sediments.

Full Metal's 2007 exploration program was supervised by Robert McLeod, P.Geo., Vice President Exploration, for Full Metal Minerals Ltd., a Qualified Person as defined by NI 43-101, who has prepared and approved the information contained in this release. Soil samples were collected by experienced technicians, and placed in sealed bags for shipment to the ALS-Chemex Labs facility in Vancouver, B.C. for analysis. A sample quality control/quality assurance program was implemented.

Full Metal is a generative exploration company with twelve active projects in Alaska and one in the Yukon Territory. Final assay results from the 2007 drilling program at the 40 Mile Property are expected shortly. Drilling Programs will be completed during 2008 at the 40 Mile, Lucky Shot, Mt. Andrew, Moore Creek, CJ, Pebble South, Chignik, Boulder Creek and OG Properties. The Company has Joint Venture Agreements with Freeport McMoRan, BHP Billiton, Metallica Resources, Triex Minerals, Altair Ventures, Millrock Resources Highbury Projects, and Andover Ventures.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. 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 without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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

For more information, please contact
Full Metal Minerals Ltd.
Jeff Sundar
Manager, Investor Relations
(604) 484-7855
(604) 484-7155 (FAX)
Email: info@fullmetalminerals.com
Website: www.fullmetalminerals.com

MAX provides exploration update and plans for 2008

2008-01-15T13:37:00.000-08:00

VANCOUVER, Jan. 15 /PRNewswire-FirstCall/ - MAX Resource Corp. is pleased to provide an update and an outline of plans to follow up on drilling success achieved during exploration initiatives in 2007.

Aggressive drill programs are planned for its Gold Hill molybdenum discovery in Alaska and on the C de Baca uranium project in New Mexico. Drill campaigns and exploration programs are also contemplated on several highly prospective exploration properties acquired during 2007 in Nevada (Molybdenum) and Arizona (Uranium).

MAX has over $7.8 million in working capital as at December 31, 2007 and has the resources to move our exploration portfolio forward through successful exploration.
Planned exploration activities for 2008 include:

Gold Hill molybdenum project, Alaska (90% MAX)

Full Story

Niblack Mining Corp.: Underground Exploration at Niblack Resumes

2008-01-15T13:36:00.000-08:00

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2008) - Niblack Mining Corp. (TSX VENTURE:NIB) (the "Company") is pleased to announce that underground exploration on the Niblack gold-silver-copper-zinc (VMS) property in southeast Alaska has resumed. Drill crews have also mobilized back to the property to continue the 9,000 metre (30,000 foot) phase one underground drill program.

The underground drill program is designed to test approximately 1,500 metres (5,000 feet) of unexplored stratigraphy between the Mammoth and Lookout zones (now known as the 'North Limb') and to test approximately 600 metres (2,000 feet) of depth extension at the Lookout zone. Drilling to date has partially tested the Mammoth area given its proximity to the portal entrance. Three holes have been completed, and a further eight are planned to test the down dip extension of base and precious metal mineralization encountered in surface drilling in 2006. Massive sulphide lenses commonly exhibit strong zoning, from base-metal rich cores to pyrite dominant, base-metal poor margins, and potential for discovery of higher grade mineralization at Mammoth is considered high. Assay results will be released as they are received.

As the main cross cut advances, drilling will continue to test the North Limb and the depth extension of the Lookout zone. Some of the deeper drill intercepts from surface based exploration at the Lookout zone include hole LO-129 that grades 3.26 g/t gold, 98 g/t silver, 4.52% copper and 16.38% zinc over 4.5 metres (14.8 feet) and LO-181 grading 4.68 g/t gold, 126 g/t silver, 5.83% copper and 6.23% zinc over 14.94 metres (49 feet).

Underground Program Update

The underground tunnelling has advanced 208 metres (688 feet) in from the portal entrance and crews have increased progress to 4.8 metres (16 feet) per day. Construction of drill stations and a muck bay at the Mammoth crosscut area are also complete. Ground conditions continue to be very good with limited rock bolting required. The underground program will consist of up to 1,800 metres (6,000 feet) of tunnel development providing access to areas beneath gold-rich base metal mineralization defined at the Lookout zone, and for discovery of new massive sulphide lenses along the North Limb. Underground access to the Trio Zone could also be achieved by extending one of the exploration drifts currently under construction at the Lookout Zone by 360 metres (1,200 feet). Drilling along the North Limb is now underway and will be followed by drilling at the Lookout Zone in the spring of 2008.

About the Company

Niblack Mining Corp. is a mineral exploration company engaged in advanced stage exploration of the gold, silver, copper, zinc Niblack volcanogenic massive sulphide (VMS) property located on Prince of Wales Island in southeast Alaska. The Company is carrying out underground and surface exploration programs that are designed to expand the Lookout zone at depth. The Niblack property has excellent exploration potential and is particularly attractive due to its high precious metals content and year round tidewater access. Niblack is well capitalized with over $7 million in working capital to fund the current underground program.

To find out more about Niblack Mining Corp. (TSX VENTURE:NIB), visit our website at www.niblackmining.com.

On Behalf of the Board

NIBLACK MINING CORP.

Paddy Nicol, MBA, President

Forward-Looking Information

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 events or developments that Niblack Mining Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, 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. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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

For more information, please contact
Niblack Mining Corp.
Corporate Inquiries
Fraser Adams
(604) 484-5045 or Toll Free: 1-888-784-5045

or

Niblack Mining Corp.
Corporate Inquiries
Bill Gillies
(604) 484-5045 or Toll Free: 1-888-784-5045
(604) 684-0279 (FAX)
Email: info@niblackmining.com
Website: www.niblackmining.com

Anti-Pebble campaign turns in 60,000-plus signatures

2008-01-15T13:34:00.000-08:00

The sponsors of two Alaska Clean Water initiatives turned over booklets containing more than 60,000 signatures to state officials on Monday to try to get their anti-Pebble campaign on the statewide election ballot this year.

The initiatives are an attempt to block water pollution discharges from large, metal-producing mines -- in particular, the giant Pebble copper and gold prospect in Southwest Alaska, which lies in the headwaters of two of the rivers that feed Bristol Bay's world-class fisheries.

The first -- and strictest -- version of the Clean Water initiative would prevent large metal mines from discharging any quantity of toxic pollutants into salmon streams or drinking water supplies. It also would ban mines from storing or disposing of any waste -- such as tailings -- that could generate toxic compounds.

This initiative would make it difficult or impossible to grant state approval to any future mine -- like Pebble -- or to an existing mine when it needs to get new permits, according to the Alaska Department of Natural Resources.

The second Clean Water initiative only would prohibit discharges in harmful amounts and wouldn't differ much from current laws, according to the DNR.

Full Story

Gold Dips as Volatility Widens; Oil Rallies & Tokyo Stocks Hit 26-Month Low

2008-01-15T13:31:00.000-08:00

Spot Gold Prices fell $6 from an overnight rally to $911 per ounce just before the London open on Tuesday, continuing the wide volatility seen late Monday as Asian stocks fell and the US Dollar held at 7-week lows vs. the Euro and Japanese Yen.

Japan's Nikkei fell 1 percent, finishing below 14,000 for the first time since November 2005 after Bank of Japan chief Toshihiko Fukui said Japan's economic growth will "slow for some time."

The US Dollar held near to Monday's seven-week lows vs. both the Japanese Yen and the Euro ahead of on Tuesday on concern that weak U.S. bank earnings will push the economy closer to recession, fuelling expectations for more Federal Reserve interest rate cuts.

Full Story

Selkirk Metals Corp.: Ruddock Creek Underground Development Program Advancing

2008-01-15T13:28:00.000-08:00

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2008) - Selkirk Metals Corp. ("Selkirk" or the "Company") (TSX VENTURE:SLK) is pleased to announce that underground mining is progressing as planned at the Ruddock Creek Property, located 100 km north-northwest of Revelstoke in the Kamloops and Revelstoke Mining Divisions, British Columbia.

Underground operations commenced in late September with the collaring of the portal and full 24 hour mining cycle on the decline starting at the end of November once the camp construction was completed. The decline has been advanced 200m from the collar of the portal, not including re-mucks, safety bays and water sumps. As expected based on the drilling and geological information, the ground conditions have been excellent. Procon Mining and Tunnelling Ltd. is continuing as the contractor on site with support from Selkirk personnel.

Full Story

Gold Hits Record $900 an Ounce

2008-01-11T10:21:00.000-08:00

NEW YORK (AP) — Gold futures briefly rose above $900 an ounce Friday for the first time as high oil prices, a weak dollar and fears of a U.S. recession led uneasy investors to keep buying the precious metal.

An ounce of gold for February delivery on the New York Mercantile Exchange jumped $6.50 to $900.10 in morning trading, an all-time high and a psychologically important milestone. Gold later slipped to $898.70 an ounce on profit-taking but remained in record territory.

"It's a reflection of market sentiment: Gold is a hedge against uncertainty and right now it's the best bet," said Carlos Sanchez, a precious metals analyst at CPM Group in New York. "None of the other investment options look that great and gold does."

Full Article

ITH Defines New Surface Gold Targets and Progresses Toward First Resource Calculation on LMS Project, Alaska

2008-01-10T14:14:00.000-08:00

VANCOUVER, BRITISH COLUMBIA, Jan 8, 2008 (Marketwire via COMTEX) -- International Tower Hill Mines Ltd. ("ITH" or "the Company") (TSX VENTURE:ITH)(AMEX:THM)(FRANKFURT:IW9) is pleased to announce the results of its summer exploration program at the LMS prospect. The Company also reports that it is on schedule to complete an initial NI 43-101 resource calculation for the Camp Zone area, one of several targets on the property, during the first quarter of 2008.

During the 2007 field season, an extensive, deep auger drill soil sampling program was completed across LMS property, and has defined two previously unknown areas of mineralization (at Liscum and NW Camp) and better defined the known NW and South Ridge anomalies. The results highlight the extensive nature of the mineral system at LMS and the number of gold targets that remain untested in this large 59 square kilometre land package. The development of the new targets has confirmed the large untested potential of this logistically favourable project, which is located along the Pogo Mine winter road.

To view, Figure 1: Gold in soils at the LMS Project, please click on the following link: http://www.ccnmatthews.com/docs/0108ith.jpg.

The legend refers to the size of the material analyzed from soil pits, except in the case of track auger samples where the whole sample is treated as a rock sample. Numbers in brackets are the number of samples returning results within the particular range of values noted.

Project Background

The LMS project is located in Alaska, 40 kilometres south of the Pogo Gold Mine, along the winter access road and within 14 kilometres of the Richardson Highway. ITH is earning a 60% interest in the LMS project from AngloGold Ashanti (USA) Exploration Inc. ("AngloGold") (see press release of August 4, 2006 for details).

LMS was discovered in 2004 by AngloGold as part of a regional sampling program. The initial surface discovery of the outcropping Camp Zone deposit focused AngloGold's exploration drilling, resulting in the definition of the open-ended Camp Zone gold deposit. In 2006, ITH optioned the property from AngloGold, under an agreement pursuant to which it can earn a 60% interest. In 2007, ITH has focused on evaluating the remainder of the large LMS property for additional gold deposits (see other targets below).

Camp Zone

Gold mineralization within the Camp Zone is associated with a siliceous breccia horizon within a metamorphic schist unit. This siliceous breccia and surrounding gneiss units host both broad, lower grade, gold-silver mineralization and later high-grade gold veins. The mineralized breccia zone is shallowly dipping and remains open along strike and at depth. The Camp Zone has been drilled over a strike length of 300 metres and down dip approximately 500 metres by a total of 36 core and RC holes. The Company anticipates completing a NI 43-101 compliant technical report on the Camp Zone, including an initial resource calculation, in the first quarter of 2008.

Other Targets

The 2007 exploration program collected a total of 1,735 samples at the LMS property, including traditional pit soil samples, deep auger drill soil samples and MMI soil samples. This work has outlined 5 other high priority target areas, in addition to the Camp Zone, which warrant further exploration and drill testing. The Company anticipates focusing its future exploration on the expansion of the Camp Zone toward the NW Camp and South Ridge targets, as well as initial drilling of the Liscum target. The Company is currently planning its 2008 exploration program and will announce its 2008 exploration program in due course.

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pontius is the President and CEO of ITH.

The work program at LMS was designed and is supervised by Dr. Russell Myers, Vice President of Exploration, Talon Gold (US) LLC (a wholly owned subsidiary of ITH responsible for carrying out the Company's exploration programs), who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project photograph the core from each individual borehole prior to preparing the split core, which is then sealed and shipped to ALS Chemex for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to advanced gold discoveries. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.

On behalf of INTERNATIONAL TOWER HILL MINES LTD.

Jeffrey A. Pontius, President and Chief Executive Officer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are 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 statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

SOURCE: International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd.
Quentin Mai
Vice-President - Corporate Communications
(604) 683-6332 or Toll Free: 1-888-770-7488
(604) 408-7499 (FAX)
Email: qmai@internationaltowerhill.com
Website: ITHmines.com

Whistler Resource Estimate Confirms an Indicated Resource of 840,000 Ounces Gold and an Inferred Resource of 2.74 Million Ounces Gold

2008-01-10T14:12:00.000-08:00

TORONTO, ONTARIO, Jan 9, 2008 (Marketwire via COMTEX) -- Geoinformatics Exploration Inc. (TSX VENTURE:GXL) ("Geoinformatics" or the "Company") is pleased to announce it has received the initial independent mineral resource estimate on the Whistler and Main Zones at its Whistler Project in Alaska. The report states that the greater Whistler Zone holds an Indicated Resource of 840,000 ounces of gold plus an Inferred Resource of 2.74 million ounces of gold. Consideration of the silver and copper mineralization associated with the gold, produces a gold equivalent resource of 1.31 million ounces in the Indicated category and 4.44 million ounces in the Inferred category.

The independent resource estimate was compiled by SRK Consulting (Canada) Inc. ("SRK") and complies with National Instrument (NI) 43-101 and Canadian Institute of Mining (CIM) guidelines for reporting mineral resources.

Highlights

SRK's Mineral Resource Statement confirms:

- An Indicated Resource containing 840,000 ounces of gold, 2.37 million ounces (Moz) of silver and 159 million pounds (Mlbs) of copper (which equates to 1.31 Moz in a gold equivalent resource);

- An Inferred Resource containing 2.74 Moz of gold, 9.44 Moz of silver and 573 Mlbs of copper (which equates to 4.44 Moz in a gold equivalent resource); and

- The Indicated category contains 30 million tonnes grading 0.87 grams per tonne ("g/t") gold, 2.46 g/t silver and 0.24% copper and the Inferred category contains 134 million tonnes grading 0.64 g/t gold, 2.18 g/t silver and 0.20% copper.

The resource estimation process has also highlighted several untested areas of the Whistler Zone that have the potential to increase the mineral resource significantly, which will be evaluated with follow-up drilling in 2008.

"The initial 43-101 compliant resource estimate on the Whistler Zone is a watershed milestone for Geoinformatics, as it quantifies a large gold resource that can be used as a valuation benchmark for the Company and continues to highlight the merits of our important alliance with Kennecott Exploration Company," commented Kevin L. Snook, Chairman of Geoinformatics. "The results of SRK's resource estimate clearly position Geoinformatics as holding one of the prime North American advanced exploration gold properties, and we will continue to work aggressively to enhance the project and increase its value to our shareholders."

Resource Estimate Summary

The total Indicated and Inferred Mineral Resources are presented in Table 1 below and encompass both the Whistler and Main Zones. The higher grade Main Zone is hosted within the broader mineralized envelope represented by the Whistler Zone.

SRK calculated the resource estimate based on a conceptually modeled and optimized open-pit design (described below) in which 93% of the current total tonnage is extractable through an open pit operation (cut-off grade of 0.3 g/t gold equivalent) and the remaining 7% (cut-off grade of 1.1 g/t gold equivalent) is potentially extractable by bulk underground mining methods following development of the open pit.

Table 1. Mineral Resource Statement(i) for the Whistler Gold Deposit,
Alaska, Prepared by SRK Consulting (Canada) Inc.

---------------------------------------------------------------------------
Tonnage and Grades Total Contained Metal
---------------------------------------------------------------------------
Resource Tonnage Gold Silver Copper Gold Gold Silver Copper Gold
Category (Mt) (g/t) (g/t) (%) Eq(3) (Moz) (Moz) (Mlb) Eq(3)
(g/t) (Moz)
---------------------------------------------------------------------------
Indicated
(open-
pit(1)) 30 0.87 2.46 0.24 1.35 0.84 2.37 159 1.31
---------------------------------------------------------------------------
Total
Indicated 30 0.87 2.46 0.24 1.35 0.84 2.37 159 1.31
---------------------------------------------------------------------------
Inferred
(open-
pit(1)) 123 0.59 2.07 0.19 0.98 2.33 8.19 515 3.86
---------------------------------------------------------------------------
Inferred
(under-
ground(2)) 11 1.16 3.55 0.24 1.66 0.41 1.26 58 0.59
---------------------------------------------------------------------------
Total
Inferred(4) 134 0.64 2.18 0.20 1.05 2.74 9.44 573 4.44
---------------------------------------------------------------------------
---------------------------------------------------------------------------

1. Reported within a conceptual pit shell and based on a cut-off grade of
0.3 g/t gold equivalent adjusted for metallurgical recovery (see
methodology below).

2. Reported based on an underground bulk mining method using a cut-off
grade of 1.1 g/t gold equivalent adjusted for metallurgical recovery.

3. Total grade and Total Contained Metal gold equivalent grade and ounces
estimated based on 100% recovery, $550 per ounce gold, $8 per ounce silver
and $1.50 per pound of copper.

4. Totals may vary due to rounding.

(i) Notes: Mineral resources, which are not reserves, do not yet have
demonstrated economic viability.

SRK is unaware of any environmental, permitting, legal, title,
taxation, socio-political, marketing or other relevant issues
that may materially affect this resource estimate

"We believe that the SRK resource estimate is just the beginning of the development of the Whistler area as a new porphyry province," stated Dr. Nick Archibald, Chief Executive Officer of Geoinformatics. "The Whistler Zone itself remains open in several directions and at depth, and numerous high-quality exploration targets with similar geophysical signatures have been identified in close proximity. We intend to drill test the Whistler Zone targets which have the potential to significantly increase the resource estimate."

Next Steps

Geoinformatics plans to aggressively advance the Whistler Zone through further definition drilling of mineralized zones in both the high-grade Main Zone, as well as the extended mineralized envelope. The objective of the program will be to move resources in the Indicated and Inferred categories, respectively, into higher categories as part of a plan to complete a feasibility study on the deposit as soon as possible.

In addition, the resource estimation process has highlighted several areas in the immediate vicinity of prior drilling that are currently untested and which have the potential to significantly increase the reported mineral resource estimate. Geoinformatics intends to conduct a comprehensive exploration program on these high-priority targets in 2008.

The third component for this year's strategy will be the drilling of currently-identified high-priority regional targets as successful identification of other regional mineralized zones could positively impact the economics of the Whistler Zone.

SRK Qualifications and Methodology

SRK is a worldwide independent engineering, environmental and geological consulting company with over 700 engineers and scientists and a reputation for excellence in the estimation of mineral resources. In August 2007, Geoinformatics engaged SRK to audit the Whistler Project and to prepare an initial independent technical report on it, compliant with NI 43-101 guidelines, which was filed on SEDAR (www.sedar.com) on November 8, 2007. The scope of work was expanded, as announced in November 2007, to include completing an independent estimate of the mineral resources in the Whistler Gold Deposit. The updated NI 43-101 report will be filed on SEDAR within 45 days.

The resource estimate prepared by SRK was based on a three-dimensional (3-D) geologic and mineralization model that integrated over 7,250 meters of drilling in 31 holes and included a block model. This drilling has been audited and validated by SRK in accordance with CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines and with National Instrument 43-101 guidelines.

Metal grades were estimated and incorporated into a block model that was constructed using capped composites and ordinary "kriging". A density factor of 2.72 tonnes per cubic metre was used to convert volumes into tonnage, based on 21 core specific gravity samples as determined by ALS Chemex Laboratory in Vancouver, Canada. Kriging is a geo-statistical technique commonly used in mineral resource estimates.

The near surface Whistler mineral resource has been modeled within a conceptual pit shell generated using Whittle Pit Optimization software. The Whistler in-pit mineral resource is based on a 0.30 g/t recovered gold equivalent in-pit cut-off grade assuming a 75% recovery for gold and silver and a 85% recovery for copper and using metals prices of US$550/oz for gold, US$1.50/lb for copper and US$8/oz for silver. Mining parameters used in the Whittle pit optimization were based on those from similar projects and include 2.5% pit mining losses, 35% pit slope angle, average mining cost of US$1.50/t rock and processing cost of US $7.50/t rock. Items such as refinery costs or concentrate shipping charges were not included in the calculation. Mineral resources are not reserves and do not have demonstrated economic viability.

About the Whistler Project

The Whistler Project was acquired as a target-of-merit from Kennecott in June 2007 (see "Kennecott - Geoinformatics Alliance Agreement" below), and encompasses approximately 440 contiguous sq. km. in relatively flat topography at the northeastern end of the prospective Southern Alaskan Range. This range hosts the giant Pebble copper-gold-molybdenum-silver deposit further to the southwest. The large property is located approximately 160 km. northwest of Anchorage, Alaska, and consists of 732 mining claims on state land designated for mineral exploration and development.

The Whistler Zone outcrops on a broad, relatively flat ridge with very little vegetation cover at an elevation of approximately 800 metres. The deposit has been interpreted from extensive drilling as a large gold-copper-silver porphyry system.

The Whistler Project also includes a significant number of regional exploration targets. These regional targets have largely been identified directly from geophysical "signatures" similar to that of the Whistler Zone or from Geoinformatics' proprietary auto-intrusion detection technology. Though the Whistler Zone is the only target found to-date which comes to surface, a number of regional targets have mineralized geochemistry samples, and several reconnaissance drill holes have intersected mineralization, including the Rainmaker Prospect with an intercept of 184 metres grading 0.44 g/t gold and 0.19% copper.

To view a map of "Figure 1. Whistler Project Location", please visit the link below:

http://www.ccnmatthews.com/docs/whistlerprojectlocation.pdf

Kennecott - Geoinformatics Alliance Agreement

All Whistler prospects and properties mentioned in this press release fall under the Kennecott-Geoinformatics Master Strategic Alliance Agreement (the "Alliance Agreement"). The Company entered into the Alliance Agreement effective March 2006 under which it is using its proprietary geo-science and technology platform (the "Geoinformatics Process") to identify, prioritize and drill more than 30 exploration drill targets over the initial two years of the Agreement. The Whistler Project was acquired by Geoinformatics as a target-of-merit under the Alliance Agreement in June 2007, and Kennecott retains a back-in right to acquire either a 51% or 60% interest in the Whistler Project under certain circumstances. Please refer to Geoinformatics' press-release dated August 14, 2006, for further information.

Qualified Persons

The technical content of this release has been reviewed by Darren Holden, MAusIMM, Executive Vice President - Operations of Geoinformatics. The resource estimate and technical report for the project was completed by George Wahl, an Associate Principal Resource Geologist with SRK and was reviewed by Dr. Jean-Francois Couture, P.Geo, of SRK. By virtue of their academic backgrounds and professional experience, Mr. Holden, Mr. Wahl and Dr. Couture are all "qualified persons" as defined by NI 43-101.

About Geoinformatics

The Geoinformatics Process integrates large-scale data aggregation, data mining and three-dimensional modeling, and has been designed to assist in understanding and quantifying risk at a much earlier stage of the exploration cycle than has traditionally been available. The Company's objective is to advance its properties to the stage of commercial development by applying faster, less expensive and more reliable analytical methods to resource exploration.

In addition to the Whistler Project, Geoinformatics is continuing to advance several exploration projects located in Utah (Stockton), the Battle Mountain Trend region of Nevada (Colorback), and the State of Sinaloa, Mexico (La Noria/Azulitas) to the resource estimate stage as quickly as possible. Fourteen Company-owned properties in the State of Sonora, Mexico, fall under a joint venture in which Azure Minerals Limited is earning a 51% interest by spending US$4 million. Geoinformatics also has an extensive portfolio of other direct and indirect property interests, joint ventures, and royalties covering a wide range of minerals in Mexico, Australia and New Zealand and North America.

This news release includes certain forward-looking statements concerning the future performance of Geoinformatics' business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in Geoinformatics' securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.

SOURCE: Geoinformatics Exploration Inc.

Geoinformatics Exploration Inc.
Dr. Nick Archibald
Executive Vice-Chairman and CEO
(416) 861-1300 x224
Email: nicka@geoinformex.com
Geoinformatics Exploration Inc.
Mr. Darren Holden
Executive Vice President - Operations
(604) 605-3073 x101
Email: darrenh@geoinformex.com
Website: www.geoinformex.com

20 Things You Didn’t Know About... Gold

2008-01-09T16:04:00.000-08:00

Anti-inflammatory, protector of astronaut eyes, and excrement of the gods

by LeeAundra Temescu

1 Gold was probably the first metal worked by prehistoric man. Decorative gold objects found in Bulgaria date back to 4,000 B.C., so the gold age actually overlaps with the Stone Age.

2 In the 7th century B.C., dentists in Italy used gold wire to attach fake teeth, and gold fillings were recommended for cavities as far back as the 16th century.

Full Article

Diamonds From Outer Space

2008-01-09T15:56:00.000-08:00

Pumicelike, dark, and exotic, carbonado diamonds don’t look like the gemstones on engagement rings. That’s because they may have been created by an exploding star and delivered to Earth by an asteroid billions of years ago.

From Canada to Australia, most diamonds were formed at torturously high temperatures and pressures deep within Earth before being carried to the surface by explosive volcanoes. But the frothy texture of carbonados—found only in Brazil and the Central African Republic—is too full of bubbles to cut and polish into a gem. They are “just totally incompatible with a deep-earth origin,” says Stephen Haggerty, a geologist at Florida International University.

Haggerty and his colleagues analyzed the chemical composition of the diamonds by bouncing infrared light off polished slivers. The resulting spectra, reported in The Astrophysical Journal Letters in December 2006, don’t match signatures for terrestrial hydrogen and nitrogen but instead mimic those found in interstellar space. The findings, Haggerty says, boosted the theory of carbonados’ extraterrestrial origin from 4 to 9 out of 10 on the credibility scale.

Full Story

Gold hits all time high in Tuesday trading

2008-01-08T14:36:00.000-08:00

The price of gold hit an all-time high Tuesday, with futures for the precious metal surpassing US$875 an ounce.

On the New York Mercantile Exchange, an ounce of gold for February delivery peaked at US$879.40.

Prices later dropped slightly to $877.20, but still marked an increase of $15.20 during morning trading.

The previous record was set in 1980 when gold hit $875 an ounce, The Canadian Press reports.

Full Story

Little Squaw Examines Alaska's Livengood Bench Placer Gold Deposit

2008-01-07T23:58:00.000-08:00

Little Squaw Gold Mining Company (OTCBB: LITS) ($0.85) ("Little Squaw" or "the Company") announces that it has entered into an Exclusivity Agreement ("the Agreement") on the Livengood Bench placer gold deposit in Alaska. The exclusivity fee is $100,000. The Agreement affords the Company the exclusive right to conduct a comprehensive analysis of the property and make commercial viability studies over the next two months. After completing due diligence and mining studies, Little Squaw will have the right to enter into a definitive agreement, prior to March 5, 2008, to purchase the property. The purchase terms are $8.35 million in three annual payments, each consisting of nearly equal values of cash and the Company's common shares. Should Little Squaw decide to proceed with the purchase, it will pay out $4.45 million in cash and roughly 4.33 million shares over the next three years, assuming a 90-cent stock price.

"Acquisition of this production-ready property is another example of our commitment to build value for our shareholders by focusing on highly prospective gold assets," said Little Squaw President, Richard Walters. "If the property is purchased, our Company will be making a rapid transition from explorer to gold producer over the next twelve months," he added.

The Livengood Bench property is located 75 miles north of Fairbanks and has paved-road access via the all-weather Alaska pipeline highway. The property consists of unpatented and patented federal mining claims, along with some State of Alaska mining claims. The claim block comprises approximately 3,800 acres. The principal mining area consists of 747 acres of fee simple (patented claims) land.

Livengood Bench is among Alaska's most historically productive placer gold deposits, having produced over 400,000 ounces of gold since 1914. This mine was placed on care and maintenance in 2000 due to low gold prices. The existing database includes 2,370 drill holes, which outline 12.8 million cubic yards of gold-bearing alluvium (gravel). This mineralized material is believed to contain about 355,000 ounces of recoverable gold. All major state and federal mining permits necessary for the commencement of mining are in place.

Richard Walters, President of Little Squaw Gold Mining Company, is responsible for this news release. For additional information regarding Little Squaw Gold Mining, contact Susan Schenk, Manager of Investor Relations, by telephone at (509) 535-6156, or by e-mail at ir@littlesquawgold.com. Little Squaw maintains a comprehensive Web site at www.littlesquawgold.com.

Little Squaw Gold Mining is engaged in the business of precious-metals discovery. This endeavor carries certain risks that are commensurate with the potential rewards of such efforts. These risks cannot be quantified and should not be taken lightly. All statements made here regarding the firm's investment potential should be considered "forward-looking statements" as defined by prevailing regulatory guidelines. As forward-looking statements, these items represent the measured professional judgment of management. They do not, however, represent guarantees, and unforeseen and/or unforeseeable future developments that may render them either incomplete or incorrect. Actual results, plans, programs, and financial performance may differ materially from express or implied forward-looking statements.

Contact:
Susan Schenk
Manager of Investor Relations
(509) 535-6156
ir@littlesquawgold.com

NovaGold sees commercial production at Rock Creek by the end of the quarter

2008-01-03T14:37:00.000-08:00

VANCOUVER - A U.S. appeal court has upheld a decision by the U.S. Army Corps of Engineers to grant a permit to allow a subsidiary of NovaGold Resources Inc. (TSX:NG) to go ahead with its Rock Creek project in Alaska.

The U.S. Court of Appeals for the Ninth Circuit ruled Thursday a lower court was right in denying an environmental group's application for a temporary restraining order and preliminary injunction against the project.

"The decisions of the Corps relating to the Rock Creek mining project were not arbitrary and capricious," Judge Ronald Gould wrote in the 29-page judgment.

Full Story

Louis James on Why the Big Gold and Silver Spike Will Be Even Bigger This Time

2008-01-02T19:48:00.000-08:00

Part I of a two-part interview with Louis James, Senior Editor with Casey Research. James talks about the gold and silver markets, and shares his views on several interesting companies. In Part II, to be published next week, Louis discusses five more gold and silver companies he likes and why.

TGR: Where do you think gold is headed over the next 12 months?

JAMES: There are two different ways of looking at the gold market. One has to do with the fundamentals of supply and demand. The other has to do with the speculative value of gold. Regarding the first view, the supply side is easier to grasp. And right now, there are very clear signs of difficulties ahead on the supply side. Newmont Mining Corp. (NYSE: NEM) has already announced that production is going to decline by many millions of ounces. Demand is a little trickier to forecast. Silver and the base metals have industrial uses, so industry drives demand. However, the value of gold is based largely on perception — what people feel and what they fear, as opposed to what manufacturers need.

Full Story

2008 will be pivotal year for Alaska in Congress

2008-01-02T19:46:00.000-08:00

In November, the House approved revisions to the 1872 mining law that would require hard-rock miners to pay royalties for mining on federal lands. The administration objects to increased environmental requirements, as well as other provisions in the bill. The Senate is expected to draft a new version of the bill early next year.

Full Story

State economists predict continued growth in '08

2008-01-02T19:43:00.000-08:00

ANCHORAGE, Alaska -- For 20 years Alaska's economy has been holding its own. So what should the state expect next year?

One state labor economist says, hopefully, we'll see more of the same.

Looking ahead to 2008, industry can expect growth in some areas while others may experience a slow down.

"You step back and look at 2007 and it's sort of an extension of the last 20 years," says Neil Fried, a labor economist for the state. "2007 is going to sort of end on an upbeat note."

Alaska has seen uninterrupted economic growth since the 1980s, the longest period in the state's history, according to Fried.

But with some economists predicting a recession on the national front, can the growth trend continue?

Full Story

Clean water initiatives aimed at Pebble could reach far beyond

2008-01-02T19:39:00.000-08:00

Supporters of a handful of mining-related ballot initiatives are traveling the state in a race to gather the signatures they need to put the measures to a vote.

With a pair of “Alaska Clean Water” initiatives and two others, they aim to stop or at least slow the development of a mine at Pebble, the giant deposit of copper, gold and molybdenum near Lake Iliamna in southwest Alaska. They say the state’s environmental laws aren’t strong enough to protect the local salmon streams against a massive mine and argue Alaskans will have to choose which they value more — mining or fish.

Full Story

Top 10 Dinosaur and Fossil Finds of 2007

2007-12-26T16:31:00.000-08:00

A "mummified" dinosaur unearthed in North Dakota, a baby mammoth found frozen in Russia, or remains of penguins the size of people excavated in Peru: which discovery was the biggest hit with National Geographic News readers in 2007? Find out for yourself with this rundown of our most popular paleontology stories over the past year.

Full Story

Full Metal signs pact on 6 sites

2007-12-24T13:46:00.000-08:00

सुब्मित्तेद बी अनों:

"

Full Metal Minerals recently announced that it signed an option agreement with the world's largest mining company, BHP Billiton, allowing the larger firm to obtain up to an 80 percent interest in Full Metal's six copper-gold-molybdenum exploration sites in Alaska. Billiton can earn an initial 60 percent interest in the properties by spending $2.5 million over three years, and can earn an additional 20 percent by spending $3.5 million in the next three years. In 2008, Full Metal and Billiton will complete mapping and sampling programs as well as airborne and ground geophysics to identify potential drill targets.

Canada-based Full Metal is an exploration company with 12 projects in Alaska and one in the Yukon Territory. In November, it signed an agreement with Freeport-McMoRan Exploration Corp. in which FME can earn up to 80 percent in Full Metal's mining claims that border three sides of the Pebble Partnership's mining claims in Southwest Alaska."

Little Squaw Trenching Confirms Extensive Gold System at Chandalar

2007-12-24T13:41:00.001-08:00

SPOKANE, WA, Dec 20, 2007 (MARKET WIRE via COMTEX) -- Little Squaw Gold Mining Company (OTCBB: LITS) ($0.73) ("Little Squaw" or "the Company") reports that assay results from additional hard rock trenching continue to show significant widespread gold mineralization within multiple geologic structures on the Company's wholly owned Chandalar, Alaska, mining property. The findings of the 2007 excavator trenching program have solidified several diamond drilling targets for 2008 and confirm that the Company is dealing with a strong and substantially underexplored system of gold mineralization.

Previously announced excavator trench intercepts for the Pallasgreen, Pioneer, and Summit prospects reported widths of 20 to 30 feet of 0.309 to 0.333 ounces gold per short ton (6 to 9 meters at 10.58 to 11.40 grams gold per tonne). Additional assay results for rock-chip channel samples taken in trenches dug on the Chandalar, Bonanza, Kiska, and Mikado prospects are shown in the table below. This trenching cut several structures that assay 0.015 to 0.039 ounces gold per short ton (3 to 12 meters at 0.50 to 1.35 grams gold per tonne) over widths of 10 to 40 feet. These values are based on assay results with a cutoff of 10 feet at 0.015 ounces gold per short ton. The rock surrounding the structures is hydrothermally altered and contains trace amounts of gold.

Trenching at the Mikado prospect yielded the most interesting results. A small mine on this prospect is known to have produced about 6,800 tons of ore averaging about 1.5 ounces gold per short ton (46.65 grams gold per tonne) from an open-ended ore shoot. The controlling structure is a major, 8-mile-long fault that contains quartz veins. A series of trenches across a portion of this structure traced the mineralization continuously over 2,500 feet of strike length. The average mineralized trench intercept is 24 feet at 0.023 ounces gold per short ton (7.3 meters at 0.79 grams gold per tonne). The persistent gold mineralization with association of hydrothermal alteration and the magnitude of its controlling structure make the Mikado prospect a prime target for drill testing.

The Company's 24-square-mile property covers most of the Chandalar mining district. The district's prospects are mostly aligned along a series of 10 subparallel northwest-southeast structural belts, each several miles long and spaced thousands of feet apart. Sections of these structural belts contain gold mineralization within quartz veins. These are mesothermal veins and fall into a category of gold deposits often called "lode gold" or 'greenstone gold," which are responsible for about a quarter of the world's total gold production.

The Company believes it has identified promising gold showings within a favorable geologic setting at Chandalar. Continued systematic exploration of this system of gold mineralization could result in the discovery of a commercial gold deposit.

Richard Walters, President of Little Squaw Gold Mining Company, is responsible for this news release. For additional information regarding Little Squaw Gold Mining, contact Susan Schenk, Manager of Investor Relations, by telephone at (509) 535-6156, or by e-mail at ir@littlesquawgold.com. Little Squaw maintains a comprehensive Web site at www.littlesquawgold.com.

Little Squaw Gold Mining is engaged in the business of precious-metals discovery. This endeavor carries certain risks that are commensurate with the potential rewards of such efforts. These risks cannot be quantified and should not be taken lightly. All statements made here regarding the firm's investment potential shouldbe considered "forward-looking statements" as defined by prevailing regulatory guidelines. As forward-looking statements, these items represent the measured professional judgment of management. They do not, however, represent guarantees, and unforeseen and/or unforeseeable future developments may render them either incomplete or incorrect. Actual results, plans, programs, and financial performance may differ materially from express or implied forward-looking statements.

                         CHANDALAR TRENCH ASSAYS
       For the Chandalar, Bonanza, Kiska and Mikado prospects
Minimum reported interval is 10 feet at 0.015 ounces gold per short ton
               (3 meters at 0.50 grams gold per tonne)
TRENCH                  Interval                Gold                 Gold
#       Prospect        Feet      Footage     oz/st     Meters     g/t
------    ---------   -----------   -------     -----     ------     ----
1       Chandalar      0 - 10        10       0.028       3.0      0.95
------    ---------   -----------   -------     -----     ------     ----
------    ---------   -----------   -------     -----     ------     ----
6       Bonanza        0 - 17        17       0.056       5.2      1.93
------    ---------   -----------   -------     -----     ------     ----
------    ---------   -----------   -------     -----     ------     ----
17      Kiska         50 - 60        10       0.022       3.0      0.77
------    ---------   -----------   -------     -----     ------     ----
18      Kiska        5.5 - 42       36.5      0.015      11.1      0.51
------    ---------   -----------   -------     -----     ------     ----
------    ---------   -----------   -------     -----     ------     ----
19      Mikado       108 - 118       10       0.057       3.0      1.95
------    ---------   -----------   -------     -----     ------     ----
                     168 - 205       37       0.017      11.3      0.58
------    ---------   -----------   -------     -----     ------     ----
20      Mikado        53 - 88        35       0.015      10.7      0.52
------    ---------   -----------   -------     -----     ------     ----
                     161 - 214       53       0.015      16.2      0.52
------    ---------   -----------   -------     -----     ------     ----
                     300 - 310       10       0.034       3.0      1.18
------    ---------   -----------   -------     -----     ------     ----
                     435 - 470       35       0.036      10.7      1.22
------    ---------   -----------   -------     -----     ------     ----
21      Mikado      81.5 - 112      30.5      0.016       9.3      0.55
------    ---------   -----------   -------     -----     ------     ----
22      Mikado         2 - 32        30       0.015       9.1      0.53
------    ---------   -----------   -------     -----     ------     ----
23      Mikado         0 - 25        25       0.019       7.6      0.64
------    ---------   -----------   -------     -----     ------     ----
                     143 - 155       12       0.023       3.7      0.78
------    ---------   -----------   -------     -----     ------     ----
40      Mikado       165 - 180       15       0.023       4.6      0.79
------    ---------   -----------   -------     -----     ------     ----
                     225 - 235       10       0.018       3.0      0.63
------    ---------   -----------   -------     -----     ------     ----
41      Mikado        86 - 112       26       0.016       7.9      0.55
------    ---------   -----------   -------     -----     ------     ----
                     477 - 487       10       0.015       3.0      0.50
------    ---------   -----------   -------     -----     ------     ----
                     557 - 567       10       0.043       3.0      1.46
------    ---------   -----------   -------     -----     ------     ----
2E      Mikado        70 - 110       40       0.039      12.2      1.35
------    ---------   -----------   -------     -----     ------     ----
                     130 - 150       30       0.018       9.1      0.63
------    ---------   -----------   -------     -----     ------     ----
4E      Mikado         0 - 10        10       0.040       3.0      1.36
------    ---------   -----------   -------     -----     ------     ----

Contact:
Susan Schenk
Manager of Investor Relations
(509) 535-6156
ir@littlesquawgold.com

SOURCE: Little Squaw Gold Mining Company

mailto:ir@littlesquawgold.com

Metals prices further brighten mining outlook

2007-12-24T13:36:00.000-08:00

Roughly 1,800 people attended the Northwest Mining Association's annual convention here this month and "there wasn't an unhappy face in the joint," says Laura Skaer, the group's executive director.

"It was very, very upbeat," Skaer says. "Prices are up and are expected to stay up next year."

Gold has been selling for about $790 a troy ounce recently, compared with $630 an ounce at this time last year and $525 in late 2005. Silver is selling for about $14 an ounce, up modestly from a year ago, but markedly higher than in late 2005. Other metals prices also remain strong.

Demand for metals continues to grow, due in part to the fast-developing economies of China and India, says Vicki Veltkamp, the mining association's current president and vice president for investor relations at Coeur d'Alene-based Hecla Mining Co. The supply side, meanwhile, "hasn't changed that much," Veltkamp says, adding that it takes years to bring new production on line.

"The mining industry has been rejuvenated by the increase in metals prices overall," she says. "There's increased activity. A lot of excitement."

Full Story

Lessons from our mistakes can guide us in new year

2007-12-24T13:33:00.000-08:00

From ADN: "

On the brighter side, the diversification of our state's economy is something to be happy about. We're developing a strong mining industry with five large mines, another soon to start, and one almost built and with a path through some legal obstacles. Another large mine is at an advanced stage of development, and another really big one -- yes, it's Pebble -- in an advanced stage of exploration.

Mines employ a lot of people from local communities and that's a big deal in rural Alaska. The big Red Dog lead-zinc mine in Northwest Alaska has lifted that region out of its previous economically-distressed condition. The big Donlin Creek gold mine near the Kuskokwim River, which could be in construction soon, would do the same for cash-strapped Yukon-Kuskokwim communities.

Although the Pebble project has prompted objections, let's remember that the mine would create an economic base for small nearby communities that now face a bleak future.

An important consideration is that many of these mines are on private land owned by Alaskans -- Native corporations in fact -- which means these mines not only create good jobs but that part of the profits stay home."

Full Story

Roundhouse to be unveiled as a museum

2007-12-24T13:30:00.000-08:00

"The upper level is being turned into a museum to celebrate the local gold-mining heritage, the Girdwood area's unique location in the transition zone where the world's farthest north rainforests give way to boreal stands of timber, and -- of course --Alyeska's outdoor recreation legacy."

Full Story

SUPPLEMENTAL NOTICE REGARDING PROPOSED CHANGES IN THE REGULATIONS OF THE DEPARTMENT OF NATURAL RESOURCES

2007-12-21T13:51:00.001-08:00

SUPPLEMENTAL NOTICE REGARDING PROPOSED CHANGES IN THE REGULATIONS OF THE DEPARTMENT OF NATURAL RESOURCES

This is a supplement to the public notice issued on November 30, 2007 by the Department of Natural Resources (DNR) regarding its proposal to add new regulations and revise others concerning the use of state lands for the commercial harvest of non-timber forest products (NTFPs). DNR proposes to adopt regulation changes in Title 11 of the Alaska Administrative Code, specifically 11 AAC 96.030 dealing with Applications for a land use permit. The Department of Natural Resources also proposes to adopt new regulations in Title 11 of the Alaska Administrative Code, specifically 11 AAC 05.010(a) and (e) dealing with the Fees, 11 AAC 96.035 dealing with the Commercial Harvest of non-timber forest products and 11 AAC 96.250 dealing with definitions. EXTENSION OF COMMENT PERIOD The original comment deadline for these proposed regulations was 5:00 p.m., Friday January 4, 2008. To facilitate a request of the Lake and Peninsula Borough for additional time to comment, DNR is extending the deadline for public comments to 5:00 p.m., February 8, 2008. No changes have been made to the proposed regulations. You may comment on the proposed regulations, including the potential costs to private persons of complying with the proposed action, by submitting written comments by mail to the Division of Mining, Land and Water, 550 W. 7th Avenue, Suite 1070, Anchorage, AK 99501-3579 or by e-mail to to dnrmlw@dnr.state.ak.us or by fax to 907-269-8904. The comments must be received no later than 5:00p.m., Friday, February 8, 2008 . If you are a person with a disability who needs a special accommodation in order to participate in this process, please contact Joseph Joyner at 269-8511 no later than January 25, 2008, to ensure that any necessary accommodations can be provided. For more information or a copy of the proposed regulation changes, go to http://www.dnr.state.ak.us/mlw/hottopics/ , or write to the Director's Office, Division of Mining, Land and Water, Department of Natural Resources, Attention Joseph Joyner, 550 W. 7th Avenue, Suite 1070, Anchorage, Alaska 99501-3579; or call 907-269-8511. After the public comment period ends, the Department of Natural Resources will either adopt these or other proposals dealing with the same subject, without further notice, or decide to take no action on them. The language of the final regulations may be different from that of the proposed regulations. YOU MUST COMMENT DURING THE TIME ALLOWED IF YOUR INTERESTS COULD BE AFFECTED. Date: December 21, 2007 Dick Mylius, Director Division of Mining Land and Water Department of Natural Resources 550 W. 7th Ave., Suite 1070 Anchorage, Alaska 99501 AO DMLW 08-089 Published: December 21, 2007

High-Grade Gold Veins on Coffee Dome Project, Alaska

2007-12-19T05:25:00.001-08:00

International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX VENTURE: ITH)(AMEX: THM)(FRANKFURT: IW9) is pleased to announce that trenching carried out as part of its 2007 exploration program at the Coffee Dome Project, Alaska, has intersected high-grade gold veins.

2007 Exploration Program Results

The target at Coffee Dome is gold-arsenic-bismuth-tellurium vein-style mineralization (see NR07-04). During the 2007 exploration program, trenching over the Main Target area exposed veins with grades of up to 168 g/t gold in outcrop (72 samples ranging from 0 to 168 g/t gold) (Tables 1 and 2) and soil surveys defined two large gold anomalies interpreted to reflect part of a significant gold system over 3 kilometres long and 1 kilometre wide (including all three target areas) (Figure 1).

The trench results provided insights into the structural controls on the high-grade gold mineralization at Coffee Dome, which appear to be best developed in low-angle vein zones, macroscopically similar in character to the veins at the +5M ounce Pogo Deposit. In addition, the large gold in soil anomaly may reflect the presence of a large bulk tonnage deposit similar to Alaska's largest gold mine, the multi-million ounce Fort Knox deposit located only 15 kilometres to the west. Future work at Coffee Dome (which is road accessible) would involve drill testing both the high-grade low angle gold veins and the large bulk tonnage targets. The Company believes that the Coffee Dome project represents an excellent opportunity for a major world class gold discovery in the shadow of Alaska's largest gold mine.

Implications

Following up on the discovery of high-grade vein float, 530 metres of trenching was carried out in the Main Target area. This trenching resulted in the discovery of a number of highly mineralized fault zones containing narrow high-grade gold veins (Tables 1 and 2). These narrow veins contain pathfinder trace element geochemical signatures (strong gold-arsenic-bismuth-tellurium association) similar to vein hosted mineralization at the world class Pogo gold deposit located in a similar geologic environment 120 kilometres to the southeast. Two main mineralized fault trends exist on the Coffee Dome property, being a steeply dipping north-northeast trend and a low angle (20-30 degrees) east-northeast trend, which together form the general north-northeast overall trend of the larger target area.

The large gold in soil anomaly, anomalous pathfinder trace element signature and complex array of mineralized structures suggest that the Coffee Dome gold system is large and may represent the surface expression of an intrusive related system at depth similar to that at the Fort Knox deposit located 15 kilometres to the west. Poor exposure of the main target area has limited the geologic understanding from surface mapping but airborne geophysics supports the strong northeast trend to the overall mineralized zone.

The key targets for drill testing in 2008 are:

- Testing the potential for a stacked low angle high-grade gold vein system at depth similar to the Pogo deposit.

- Testing the overall large NE trending target for both high-grade and large bulk tonnage deposits.

To view, Figure 1. Gold in soil and trench locations at Coffee Dome project (Trenches are numbered by elevation, and the red dashed line is outline of overall gold system target area), please click on the following link: http://www.ccnmatthews.com/docs/1129ith.jpg

Table 1: Mineralized fault zones from Coffee Dome Trenches
----------------------------------------------------------
Trench From (m) To (m) Width (m) Gold (g/t)
----------------------------------------------------------
620 65.6 67.2 1.6 1.11
----------------------------------------------------------
550 25.0 37.5 12.5 0.87
----------------------------------------------------------
520 22.8 23.1 0.3 9.82
----------------------------------------------------------
Table 2: Fault-hosted veins from Coffee Dome Trenches
--------------------------------------------------------------------------
Distance Width Gold Silver Arsenic Antimony Bismuth Tellurium
Trench (m) (m) (g/t) (g/t) (ppm) (ppm) (ppm) (ppm)
--------------------------------------------------------------------------
520 22.5 0.02 167.5 27.0 2970 9.1 443 33
----------------------------------------------------------------
23.3 0.02 137.5 32.2 2790 8.9 365 32
----------------------------------------------------------------
29.0 0.02 0.3 0.4 1400 3.5 23 12
--------------------------------------------------------------------------
550 34.5 0.06 11.4 5.7 5120 11.0 37 12
----------------------------------------------------------------
35.0 0.06 5.6 2.8 822 4.1 40 8
----------------------------------------------------------------
37.0 0.50 0.8 0.6 2380 5.6 7 3
----------------------------------------------------------------
37.3 0.04 7.0 4.6 4810 11.1 29 5
----------------------------------------------------------------
38.3 0.40 3.0 5.1 4690 13.6 33 8
----------------------------------------------------------------
134.0 0.05 2.6 2.5 5430 13.2 11 2
--------------------------------------------------------------------------
590 37.2 0.10 0.0 0.1 1730 1.8 0.3 0.03
--------------------------------------------------------------------------
620 66.5 0.08 6.2 4.3 6730 24.0 38 10
--------------------------------------------------------------------------

ITH Retains Kodiak International, LLC for European Investor Relations

The Company is pleased to announce that it has retained Kodiak International LLC ("Kodiak") to provide investor relations services throughout Europe on a non-exclusive basis for an initial term of twelve months, commencing November 1, 2007, subject to extension for a further twelve months 12 months by agreement.

Kodiak will represent the Company in Germany and other European countries, disseminating investor relations' information and creating awareness of the Company. This service package includes media coverage in financial magazines, road shows, interviews and meetings in Europe, establishing and maintaining a German language website, and the translation into German of the Company's news releases. Kodiak will be paid a fee of CAD 190,000, to be paid immediately upon the acceptance for filing of agreement with Kodiak by the TSX Venture.

Kodiak is a privately owned investor relations firm based in Toronto, Canada. It specializes in representing resource sector companies that wish to obtain investor exposure and develop a shareholder following in the European financial markets with a special focus on the German, Austrian and Swiss financial communities. Kodiak does not presently hold any securities of the Company, nor does it have any rights or options to acquire any such securities.

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Pontius is the President and CEO of International Tower Hill Mines Ltd.

The work program at the Coffee Dome project was designed and is supervised by Dr. Russell Myers, Vice President of Exploration of Talon Gold (US) LLC (a wholly owned subsidiary of ITH responsible for carrying out the exploration programs on ITH's Alaskan properties), who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then sealed and shipped to ALS Chemex for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. is a resource exploration company focused in Alaska that controls a number of exploration projects representing a spectrum of early stage to advanced gold discoveries. ITH is committed to building share holder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.

On behalf of INTERNATIONAL TOWER HILL MINES LTD.

Jeffrey A. Pontius, President and Chief Executive Officer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated commencement, cost and content of future exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for the discovery of a large bulk tonnage gold deposit at Coffee Dome, the potential for a major world class gold discovery at Coffee Dome, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, suggest and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, 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, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its U.S. public disclosure filings at www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

Contacts:
International Tower Hill Mines Ltd.
Quentin Mai
Vice-President - Corporate Communications
(604) 683-6332 or Toll Free: 1-888-770-7488
(604) 408-7499 (FAX)
Email: qmai@internationaltowerhill.com
Website: www.ITHmines.com

State offers 'Mining 101'

2007-12-19T05:22:00.000-08:00

The Alaska Department of Natural Resources made an effort to make large mine permitting more transparent to the general public Nov. 13, with the first of three statewide November workshops.

The reason for the workshops, ordered by DNR Commissioner Tom Irwin, was to provide information on how state and federal agencies evaluate mine projects in Alaska before permitting them to proceed.

"We are holding these workshops due to the heightened interest in large mining activity in Alaska," said Tom Crafford, large mine project manager for the state Department of Natural Resources.

"OK, let's not beat around the bush; this is really all about Pebble mine," he added.

Full Story

Linux Bats in the Major Leagues in Alaska’s Historic Gold Camps

2007-12-19T05:21:00.001-08:00

Linux Gold Corp. (OTCBB:LNXGF) has stepped up to the plate as it further expands its presence in Alaska’s historic gold camps. The company has recently acquired an option to purchase a 100% interest in 26 mining claims close to the historic Ester Dome mining camp near Fairbanks, Alaska for US$10.3 million in cash and shares over a two-year period. As per its October 18th press release, “on September 9, 2007, a major gold/silver discovery was located on the claims, with a potential strike length of 6,500’, width of 100’ and minimum depth of 100’ of high grade gold and silver values based on the sampling and trenching program completed this year. The area has been re-sampled and results are pending.” Placer gold has been mined around Ester Creek and its drainage for decades.

This latest acquisition adds considerable lustre to Linux’s position in Alaska, as it also owns the Granite Mountain gold-polymetallic-platinum Project– located approximately 80 miles east of Nome, on the eastern part of Alaska's Seward Peninsula. The company staked a 37 square mile area at the ‘epicentre’ of some of the world’s greatest deposits– surrounded by Teck Cominco’s Red Dog, (the world's largest zinc deposit) located 180 miles north, Nova Gold’s Rock Creek and Big Hurrah gold mines 75 miles west, their Khotol Silver project 60 miles east, and finally, Northern Dynasty’s massive gold-copper-molybdenum porphyry deposit (the Pebble Project) to the southeast. Red Dog is has over US$20 billion worth of zinc reserves and is producing 500,000 tons of ore annually. Indicated deposits for Rock Creek and Big Hurrah total 670,000 ounces of gold with an estimated Inferred Resource of 100,000 ounces of gold. Northern Dynasty has an inferred mineral resource of approximately 28 million ounces gold and 16.4 billion pounds of copper – certainly one of the world’s finest mineral deposits.

In early 2005, Linux acquired a 100% interest in the property by staking 148 State of Alaska 160-acre mining claims at several locations near Granite Mountain. Work done in the 1960s suggests that the property deserves additional exploration. To date, mapping and geochemical sampling has enabled the company to outline a two-mile mineralized zone with favorable discovery potential. The company’s consulting geologist for the project, Robert B. Murray, is currently completing a NI 43-101 report on the property. In September 2006, a drilling program on the property was completed, testing four separate mineralized zones. Further exploration work to confirm gold and silver values on the property is planned pending additional financing.

The USGS’ fact sheet entitled Regional Geologic, Geochemical, Geophysical, and Mineral Deposit Data for Economic Development in Alaska in the 21st Century confirms the immense base-metal resources of the Seward Peninsula: “Since the gold rush of the late 19th century, it has been recognized that the mineral endowment of the Seward Peninsula, Alaska, is considerable. The well-known placer gold operations have had significant historic production and continue operating to this day. Lode gold production has also occurred. The potential for base-metal deposits (Pb, Zn, Cu) has attracted exploration to the peninsula for decades, but the extent of that resource is unknown. Scattered across the Seward Peninsula, in an area 150 x 200 km, are numerous prospects and occurrences of stratiform massive sulfides.”

Linux also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. The claims are located only six miles from Kinross’ Fort Knox mill. Linux has a 50/50 joint-venture with Teryl Resources Corp. (TSX.V:TRC) in the Fish Creek claims, in which Linux will spend US$500,000 on the project over three years. Linux Gold Corp. retains a 5% net smelter return or may convert into a 25% working interest. The Fish Creek claims are part of Teryl’s Alaskan holdings, which also include the Gil Project, the Stepovich claims, and the West Ridge property – all in the Fairbanks Mining District. Teryl is one of the main landowners in the district, with holdings contiguous to Kinross’ Fort Knox Project. According to Kinross’ Fort Knox Mine technical report, “the Fairbanks mining district is a celebrated placer gold camp with production in excess of 8.0 million ounces of gold since 1902. Although a significant mining district in terms of total production, it had only limited lode production until the discovery and development of the Fort Knox deposit in the late 1990s.” Fort Knox is the largest producing gold mine in Alaska, with a 4,000,000 oz Au ore reserve.

Linux and Teryl share something else – their president, CEO and chairman of the board, John Robertson, who brings an extensive business, mining and marketing background to both companies.

Management has diligently set about acquiring strategic properties near some of the world’s major producers in an area known for its world-class reserves and its mining-friendly political environment. This approach has yielded some great results so far, given the fact that it has been able to forge close ties with Kinross at Fish Creek.

The company is remarkably well-diversified in terms of its property portfolio, with projects near major former and current producers in Alaska, Arizona, China and Canada. Its accessible price point and Bulletin Board status make it especially attractive to American investors who wish to position themselves early on in the drilling stage in order to maximize their chances of seeing major-league near- and mid-term appreciation. With some good drill results we could well see Linux hit a grand slam.

This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.

MAX Resource reports at Alaska Molybdenum Project

2007-12-19T05:19:00.000-08:00

VANCOUVER, Nov. 19 /PRNewswire-FirstCall/ - MAX Resource Corp has received assays from the final two diamond drill holes on the Gold Hill Molybdenum Property in Alaska. Drill hole DH-07-05 returned 0.0466% MoS(2) over a core length of 822 feet, which included a higher grade intercept of 352 feet of .0706% MoS(2).

Drill hole DH-07-05 was an angled drill hole designed to test across the mineralization that was intersected in drill holes 02 and 03 and reported in press releases dated October 17, 2007. The drill hole did not cut the entire interval and mineralization was visibly increasing at the bottom of the drill hole as it neared the projection of the main zone. This hole will be continued next drill season. Anomalous and dispersed values in copper were also reported. Copper mineralization occurs in core as chalcopyrite. These intervals are located at various depths throughout the drill hole (see table below).

Drill Hole DH-07-04 was a vertical hole. This hole reports good molybdenum values over the entire core length of 1000 feet, which included a 250 foot interval of 0.0603% MoS(2). This hole also reported better copper values. This is a typical zoning pattern usually found in many porphyry style systems.

Depth Interval
Drill Hole (feet) (feet) Mineralization
-------------------------------------------------------------------------

Molybdenum Results
------------------
DH-07-05 15-837 822 feet 0.0466% MoS(2) (0.0279% Mo)
-------- 15-465 450 feet 0.0284% MoS(2) (0.0170% Mo)
485-837 352 feet 0.0706% MoS(2) (0.0423% Mo)
Includes 560-630 70 feet 0.0855% MoS(2) (0.0512% Mo)
780-837 57 feet 0.0912% MoS(2) (0.0546% Mo)

Copper Results Pending
----------------------

Molybdenum Results
------------------
DH 07-04 0-1000 1000 feet 0.0408% MoS(2) (0.0244% Mo)
Including 450-700 250 feet 0.0603% MoS(2) (0.0362% Mo)
Including 900-1000 100 feet 0.0533% MoS(2) (0.0334% Mo)

Copper Results
----------------

0-1000 1000 feet 0.0416% Cu
including 0-200 200 feet 0.0809% Cu

Mr. Clancy Wendt, P.Geo., VP Exploration for MAX states, "We now have all the results from the drill program at Gold Hill. We have begun to assess the data and to plan our drill program for next year at Gold Hill. We have four holes carrying strong molybdenum mineralization over long widths and often ending in mineralization. The results from Hole DH0-07-05, combined with those from Hole DH-07-03 (0.058% MoS(2) over 1,000 feet) and DH-07-01, which intersected 0.048% MoS(2) over the entire core length of 965 feet and ended in molybdenum mineralization, continue to indicate that a molybdenum porphyry system is present at Gold Hill." A drill hole map will be available on our web site shortly.

These results are the final assays to be reported from a recently completed five hole drill program. The drill campaign was designed to test a broad Molybdenum/Copper/Gold geochemistry and geophysical magnetic anomaly covering a 700m by 800m area. Mineralization has also been found to the east of this anomaly in sediments. It opens up the potential for a skarn type system that is to be tested next spring. This anomalous area was identified from historic work and assay results carried out by the New Alaskan Syndicate (Cities Services Minerals and Dome Mines) in the 1970s.

(x) QA / QC (Quality Control and Quality Assurance) QP (Qualified Person)

About Molybdenum
----------------
From: International Molybdenum Association, www.moly.imoa.info
Mining:
Molybdenum has been found in various minerals. Only molybdenite (MoS(2))
is suitable for the industrial production of marketable molybdenum
products.
Viable Grades and Mining Techniques:
- The Mo content of viable ore bodies ranges between 0.01 and
0.25%.
- Open pit, bulk mine-able.
- Underground block caving.

Molybdenum (or moly) is utilized by the steel industry primarily as an alloying agent. Molybdenum enhances steel strength, corrosion resistance and high-temperature characteristics and is a necessary component in the production of most high-quality stainless and strength-enhanced steels.

About Gold Hill

---------------

The Gold Hill property comprises 8,520 acres located approximately 212 miles north, northeast of Anchorage, Alaska and is accessible to within five miles of the property by the all-weather unpaved Denali Highway (State Highway 8).

The Claims were explored for base metals during the early 1970's by the New Alaska Syndicate (Cities Services Minerals and Dome Mines Ltd). Numerous holes were drilled over the then 4,960 acre property. The drill holes tested various soil anomalies on the southwest side of Gold Hill where significant molybdenum mineralization was first intersected. Hole DDH 77-2, intersected a quartz-molybdenum (with minor copper) zone grading 0.048% MoS(2) from surface to 536 feet with a higher grade interval from 350-500 (150 feet) of 0.094% MoS(2). This area has never seen modern exploration techniques applied. The immediate area contains a significant magnetic anomaly that coincides with the known mineralization. Previous drilling never tested this magnetic feature nor the surrounding sedimentary rocks. This area is best described as having strong skarn and silicification development and coincident mineralization. This area was the primary target of the recent exploration program. For more information on the Gold Hill project, please visit our web site at www.maxresource.com.

A National Instrument 43-101 Geological Report was completed on the Gold Hill project in July 2004 and can be viewed on SEDAR or at www.maxresource.com.

About MAX Resource Corp.

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MAX Resource is a Canadian based exploration company with a diversified portfolio of mineral holdings in western Canada and the Western United States. Our properties include Uranium projects in the south west US and northern Canada, Gold in Nevada and Molybdenum in Alaska and Nevada. The diversified nature of our property holdings exposes us to the unprecedented global demand for natural resources in today's market place. We want to become one of the most successful exploration companies in the mineral business.

On behalf of the Board of Directors of

MAX Resource Corp.

"STUART ROGERS"

Stuart Rogers
President

(x) QA / QC (Quality Control and Quality Assurance): Core material was collected at the drill site and placed in core boxes under the supervision of an experienced geologist. It was logged for rock type, alteration, structure, and recorded with detailed descriptions. Core was split using a hydraulic core splitter and one-half was sent to the Alaska Assay Laboratories. The other half is kept at MAX's core storage facility in Anchorage. Drill holes were sampled at five foot sample intervals. Samples were delivered in sealed bags to the Alaska Assay Labs facility in Fairbanks, Alaska for sample preparation. Alaska Labs is using a 2 acid digestion and a 30 Element AES ICP Scan.

Sample Preparation quality control at Alaska Assay Labs includes strict chain of custody documentation, careful logging of samples documentation, careful cleaning of all equipment documentation, and careful monitoring of crush and grind particle size documentation, and careful protocol documentation following ISO9002/17025 guidelines.

(x) QP (Qualified Person): Max's exploration program was supervised by Clancy J. Wendt, P.Geo., who is a qualified person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this news release.

THE CONTENTS OF THIS NEWS RELEASE HAVE NEITHER BEEN APPROVED

NORDISAPPROVED BY THE TSX VENTURE EXCHANGE.

This News Release includes certain "forward looking statements". Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause MAX's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

CONTACT: Leonard MacMillan, Corporate Communications, Telephone: (800) 248-1872, or (604) 637-2140, info@maxresource.com; www.maxresource.com

In Petersburg, it takes an entire town to build a gold mining company

2007-12-19T05:16:00.000-08:00

The folks at Petersburg, Alaska, may be the living incarnation of the "grassroots" exploration project.

In a presentation to the Northwest Mining Association, Steve Beardslee spoke of the 70 townspeople, including the local hospital foundation, invested their hard-earned cash, rolling up their sleeves, and putting in a lot of sweat equity to attract mining to their southeastern Alaska town of 2,900 people.

In a region that fostered such mining notables as Kensington, Greens Creek and Eskay Creek, the future hot prospect on everyone's lips may someday be Woewodski Island.

Community involvement was of critical importance to the future precious metals prospects of Woewodski Island. Fishermen, dentists, schoolteachers, and politicians become vital stakeholders and active participants in the venture.

Full Story

Kisaralik Lake exploration to resume despite protests

2007-12-19T05:14:00.000-08:00

Last summer, a small crew of geologists drilled a half-dozen holes into the rock near Kisaralik Lake in a hunt for gold.

What did they find?

"Encouraging results," says Chris Dail, who plans exploration for Kisa Gold Mining.

That means the controversial exploration work will begin again next summer on the company's mining claims in the Kuskokwim Mountains. Kisa Gold staked mining claims on 8,000 acres of state land seven miles west of the Kisaralik Lake claims.

He says the company drilled holes as deep as 860 feet with one drilling rig and plans a similar exploration program next summer.

The so-called Kisa property is one of the company's eight projects in Alaska, where it spent $3.7 million searching for gold. The Kisaralik camp had a staff of as many as 15, with about a half-dozen employees it hired in Bethel.

Full Story

Ahead of the Bell: Hecla Mining

2007-12-19T05:12:00.001-08:00

A CIBC World Markets Corp. analyst upgraded Hecla Mining Co. Friday, saying the gold and silver miner's shares are reasonably priced after a recent decline.

Analyst Brad Humphrey upgraded the stock to "Sector Performer" from "Sector Underperformer," saying in a client note that shares lost about 25 percent since the end of November.

The stock was previously overpriced given expectations of flat production ahead, he wrote.

Shares ended at $9.38 Thursday, and the analyst has a 12-to-18 month target price of $11.75 on shares.

Humphrey believes Hecla is gearing up to bid for full control of Juneau, Alaska-based Greens Creek mine. Hecla already owns 30 percent of the mine, while diversified miner Rio Tinto PLC, which has said it plans to divest some assets, owns 70 percent.

Hecla earlier in the week said it will offer 1.75 million shares of its convertible preferred stock for $100 per share.

The analyst thinks Hecla is trying to raise money to make a bid through the offering. Full ownership of the mine would be good for Hecla, since it would improve production and would bring down costs, he wrote.