Gryphon Gold Sells Blue Mountain Project to Nevada Geothermal   VANCOUVER, BC – Gryphon Gold Corporation reported that its wholly owned subsidiary, Nevada Eagle Resources (NER), has sold its Blue Mountain project to Nevada Geothermal Power Company (TSX VENTURE:NGP -…

New Jersey Mining Updates Golden Chest Progress KELLOGG, ID – New Jersey Mining Company reported on ts recent progress at the Golden Chest mine and its plans for future development, gold production and exploration. During the fourth quarter of 2008,…

Drilling Significantly Increased Resource and Produces Improved Mine Plan   VANCOUVER, BC – Copper Mountain Mining Corporation reported that it continues to advance the Copper Mountain Project towards production by mid 2011. Discussions with Mitsubishi Materials Corporation ("Mitsubishi") continue, long…

Pele Reactivates Highland Gold Project TORONTO – Pele Mountain Resources Inc. reported that it has reactivated its Highland Gold Project in response to a robust gold market. The Company initiated detailed data compilation, supported by field work during the fall…

Rimfire and Inmet Commence Drilling in the Lachlan Fold Belt VANCOUVER, BC – Rimfire Minerals Corporation reported that crews have been mobilized for the 2009 drilling program at the Barmedman project in New South Wales, Australia. The program will consist…

Arch Coal To Acquire Rio Tinto’s Jacobs Ranch Operation ST. LOUIS, MO – Arch Coal, Inc. reported that it has agreed to purchase Rio Tinto’s Jacobs Ranch mine in the Powder River Basin of Wyoming for $761 million. In 2008,…

Fortune Minerals NICO Environmental Assessment update LONDON, ON – Fortune Minerals Limited reported an update of the Environmental Assessment ("EA") process currently underway for its 100% owned NICO gold-cobalt-bismuth-copper project in the Northwest Territories. Building on successful completion of test…

Wesdome Earns $9.4 Million In 2008 TORONTO, ON – Wesdome Gold Mines Ltd reported results from its Canadian operations for the year ended December 31, 2008. All figures are in Canadian dollars unless otherwise specified. The Company owns the Eagle…

General Moly Reports Further Cash Conservation LAKEWOOD, CO – General Moly reported plans to further conserve cash while retaining the ability to start construction at the Company’s 80% owned Mt. Hope project pending improvements in the molybdenum and capital markets…

Quri Resources To Acquire Oatman Mine Fields ECUADOR – Quri Resources, Inc. informed G&G Mining that it will exercise its option to acquire the Oatman Gold Mine in Oatman, Arizona. Quri Resources entered into a Letter of Intent in January…