Gold: Bravo Acquires Nevada Project in Cortez district from Agnico-Eagle BVG.v, AEM, GDL, GDX, HUI, XAU, ABX, GG, TLT, NEM, FCX, UXG

February 4, 2010
Bravo Acquires Nevada Project in Cortez district from Agnico-Eagle

Bravo Venture Group Inc. (BVG - TSX Venture) (the "Company" or "Bravo") reports today that its wholly owned US subsidiary, Bravo Alaska, Inc., has signed an agreement with Agnico-Eagle (USA) Limited (“Agnico”), a subsidiary of Agnico-Eagle Mines Limited, to acquire their NSR property, located in the western portion of the Cortez Mining district. “The Cortez district hosts a major percentage of the gold discovered to date along the prolific Battle Mountain-Eureka Gold trend in central Nevada, and we are pleased to add such a significant property position within this important district to our existing portfolio of twelve properties along the trend. We plan to use this property position as a starting point to further expand our involvement in this exciting district,” commented President Joe Kizis. The property consists of 161 lode mining claims (approximately 1,300 hectares) as two irregular blocks, with adjacent ground generally being either private or claims held by others.Data provided by Agnico includes soil and rock geochemistry, geophysical surveys, historic drill data, and geology and geochemistry for five reverse-circulation holes drilled by Agnico. Limited surface rock-chip sampling by Bravo’s consultants confirms that anomalous gold exists up to +1g/t, with typical Carlin-style pathfinder geochemistry. Historic drilling indicates that several areas contain accumulations of strongly anomalous gold; however, historic drilling cannot be confirmed to have been conducted to NI-43-101 standards and cannot be relied upon to define any possible resource. Mineralization and alteration occur in Paleozoic-age ‘Upper Plate’ rocks and Eocene intrusions, but more-attractive ‘Lower Plate’ host-rocks have not been encountered yet at the property. In addition, most of the shallow, historic holes that were intended to test near-surface gold mineralization were drilled vertically, even though mineralization in ‘Upper Plate’ rocks is often predominately hosted by vertical structures, which may have been missed by those holes. Compilation of existing data, 3D geologic modeling, and additional geophysical surveys are expected to identify several attractive drill targets.Bravo can earn 100% interest by paying Agnico 300,000 common shares of the Company upon signing and exchange approval and by spending US$2.0 million over a maximum of six years. The agreement includes the immediate transfer of ownership of a logistical base in nearby Crescent valley, which includes a work-shop and a double-wide trailer for personnel. The base will be used for this and nearby Company properties. After Bravo completes earn-in, Agnico has 60 days to either accept a 2% NSR, of which 1% NSR can be purchased for $1.0 million, or elect to earn back 60% interest by spending $4.0 million over a four-year period, with a minimum expenditure of $1.0 million annually, and producing a bankable-quality feasibility document. Agnico can earn a further 10%, for a total of 70%, by loaning or arranging for financing of the Company’s share of capital required for mine development and construction cost, at Bravo’s option.Agnico-Eagle Mines Limited is a gold producer with mining operations located in Canada, Finland, and Mexico and exploration activities in Canada, Finland, Mexico and the United States.About Bravo Venture Group Inc. Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak-Premier stratigraphy. Pursuant to the recently announced “Plan of Arrangement”, Bravada Gold Corp. will focus on exploring Bravo’s extensive Carlin-type gold holdings, strategically located within the Battle Mountain/Eureka “Cortez” gold trend in Nevada.
Joseph Anthony Kizis, Jr. (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
“Joseph A. Kizis, Jr.” Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

Bravo Venture Group Inc. is committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop gold/silver properties within North America that exhibit potential for discovery.
Bravo Venture Group Inc. is committed to increasing shareholder value with an experienced management team that has successfully demonstrated the ability to identify, explore and develop precious metal properties within North America that exhibit the potential for discovery.
Bravo’s exploration activities are focused in N.W. British Columbia and Nevada. The company’s 100% owned VMS/Epithermal Homestake Ridge gold/silver Project in British Columbia is rapidly advancing with excellent drill results. The company has completed an NI 43-101 compliant technical evaluation which reported an inferred resource of 903,231 ounces of gold and 5,745,746 ounces of silver contained within 11.9 tonnes with an average cut-off grade of 0.5 g/ton gold. (1)
Bravo also has the 100% owned Silver Basin Project which is located 14km southeast of Bravo’s Homestake Ridge project. The Silver Basin project consists of a single amalgamated claim of 760 hectares, Hazelton volcanic and sedimentary rocks underlie the project, which is the same package of rocks that host the bonanza-grade Eskay Creek mine farther north.
In addition, the company has acquired a substantial land package consisting of twelve properties located in the Battle Mountain/Eureka gold trend, Nevada that is being spun-out in a Plan of Arrangement to a newly formed company called “Bravada”.

Gold in Africa: Nevsun Resources Ltd.: $117 MILLION PRIVATE PLACEMENT BISHA FINANCE OVERHANG REMOVED NSU.to, SGC.v, NGQ.to, HUI, XAU, CDNX, GDL, GDX,

"We have mentioned before about Gold Sell signal and suggested that there will be a time to accumulate Juniors, which will provide more upside opportunities with another Leg Up in the gold market."

It is a very encouraging news for Eritrea - after UN sanctions all Juniors involved in the counter were under pressure. In a long perspective it will be very positive development for Sunridge Gold SGC.v and new parent company of former Sanu Resources SNU.v - Lukas Lunding global exploration play NGeX Resources NGQ.to which is now trading below recent financing, when Lukas Lundin has increased his holding in the company.

February 04, 2010

Private Placement

VANCOUVER, BRITISH COLUMBIA -- Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) -
Highlights
$117 MILLION PRIVATE PLACEMENT (US$110 MILLION)
BISHA FINANCE OVERHANG REMOVED
Nevsun Resources Ltd. ("Nevsun") is pleased to advise that it has arranged a non-brokered private placement financing of 52,000,000 common shares at Cdn $2.25 per share for Cdn$117 million (US$110 million). The private placement is scheduled to close on or before February 19, 2010 and is subject to certain conditions, including the receipt of all necessary regulatory approvals. The net proceeds from the offering will be used for Bisha mine development and general working capital purposes.
The Company is confident the funds from this private placement, together with its existing cash and the ongoing one-third contribution by the State of Eritrea to Bisha will be sufficient to see the Bisha project through to cash positive operations. The funding arrangements are in excess of estimated costs to complete so as to provide a reasonable cushion in the event of unforeseen events.The Eritrean National Mining Corporation (ENAMCO) has reliably provided its one-third contributing share of financing to Bisha as the project has progressed. In addition the State continues to provide overall support for a responsible mining industry that is in the early stages of development within the country.
The change in approach to the funding of the Bisha project is to ensure the project continues on schedule. While Bisha had already completed project debt agreements with European and South African lenders, these debt facilities have not yet been drawn because the European lenders required the German government's support via its UFK scheme (effectively a partial guarantee to European lenders). The Company regrets that the European lenders and German government have been unable to follow through within our time requirements. The South African lender recently reconfirmed the availability of project debt (refer to Nevsun news release dated January 14, 2010) however it became apparent very recently that access to the debt in our time frame was uncertain. The Company and ENAMCO have concluded that the debt facilities are sufficiently unreliable and inconclusive for our project.
The Company has taken a prudent business approach to secure funding needed to complete the Bisha project on schedule and has no practical alternative but to proceed without the debt providers. While the Company would have preferred to stay with a leveraged project, the higher priority is to get the project built and producing cash. Due to the very robust nature of the project and assuming recent metals prices, the payback to the Company is now expected to be under one year.
As advised in news releases during January, the project is very well advanced (approaching 50% complete) and costs are re-estimated to be approximately $260 million, close to the original budget of approximately $250 million.
The securities being offered in the non-brokered private placement have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act"), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act or an exemption therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States.
Forward Looking Statements: Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: the closing date of the announced private placement, the total value of the private placement, the adequacy of funding for development of the Bisha project and the continuing availability of funding from the State of Eritrea. Forward-looking statements in this release include statements regarding future dates, plans for proceeds, expected costs to complete, percentage of completion and pay-back period using recent metals prices. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
NEVSUN RESOURCES LTD.Cliff T. DavisPresident & Chief Executive Officer"

TNR Provides Update on Los Azules Copper Project TNR.v, CZX.v, MAI.to, ABX, NG.to, LUN.to, FCX, BHP, AUY, BVN, RTP, TCK, NEM, LAM.to,

Some people have money and some have only debt, some places grow and others don't: there is always bull market somewhere.

FT:

"China is set to gain access to sizeable copper deposits in Ecuador following an agreed C$679m (US$652m) cash bid for Vancouver-based Corriente Resources.
The move – by China Railway Construction and Tongling Nonferrous Metals – is the latest in a string of Chinese acquisitions of Canadian resource companies and part of a drive to expand access to metals, oil and other commodities in various parts of the world.
China Railway, the biggest railway builder in China, and Tongling, a large copper miner and processor, said their bid for Corriente was in line with their long-term strategies. China Railway said it had “added development of mineral resources as one of its principal operations”.

We were jealous recently with agressive attitude of Premier Gold to the exploration, now Rob McEwen puts three rigs to drill Los Azules. Objective is to define high grade core in order to further improve economics and step out drilling to increase the deposit size. When you are drilling holes in the the swiss cheese, hopefully you will find cheese. We have a good odds that deposit will be increased further in size and we will have a higher definition of its resource. TNR Gold ("The Company) fully intends on exercising its back-in right to the properties at the appropriate time." - it means that stakes are growing with the Copper price and further drilling results. Deals like Tongling with China Railway Construction Corporation acquaring copper assets in Ecuador will bring Los Azules under the spotlight. Tonling is a shareholder in Canada Zinc Metals and CZX.v is a shareholder of TNR Gold. Boardroom games around this prize promise to be interesting.

TNR Provides Update on Los Azules Copper Project

Press Release Source: TNR Gold Corp. On Wednesday January 13, 2010, 9:50 am EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 13, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) is pleased to provide the following update on the status of its Los Azules project located in the San Juan Province of western central Argentina.
Minera Andes Inc. ("MAI") announced yesterday that they commenced a diamond drill program of approximately 8,800 metres at the Los Azules project. Please refer to MAI's news release dated January 12, 2010 for further details on the exploration program.
The Los Azules project is an advanced exploration project currently reporting a National Instrument 43-101 compliant Inferred Resource. TNR retains a 25 per-cent back-in right to certain of the properties, the terms of which are currently the subject of a legal dispute with Xstrata, which assigned its interest to MAI. A court date is set for the fall of 2010. The Company fully intends on exercising its back-in right to the properties at the appropriate time. In the legal dispute with Xstrata, TNR is also seeking confirmation of its ownership of the Escorpio IV property, which is located adjacent to the Project, and a declaration that the Escorpio IV property is excluded from the Exploration and Option Agreement.
ABOUT TNR GOLD CORP.
TNR is a diversified metals exploration company focused on exploring existing properties and identifying new prospective projects globally. TNR has a portfolio of 18 active projects, of which 9 will be included in the proposed spin-off of International Lithium Corp. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://us.lrd.yahoo.com/_ylt=Ao6p1RVZhGydNz8qFwG3FZatcq9_;_ylu=X3oDMTE2NjRmOGl1BHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cHd3d2ludGVy/SIG=11907bp0b/**http%3A//www.internationallithium.com/.
The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the company's commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the Board,
Gary Schellenberg - President

Minera Andes Exploration Update
January 12, 2010: 03:31 PM ET

Minera Andes Inc. (the "Corporation" or "Minera Andes") (TSX: MAI)(OTCBB: MNEAF) is pleased to provide an exploration update on its activities in Argentina. Two diamond drills arrived at Los Azules in December and initiated drilling. A third diamond drill arrived the first week of January. Drilling will continue until the field season closes in mid-to late-April.
The objective of the drilling program is to expand the known limits of the mineralization, look for extensions of high-grade mineralization, and to increase the confidence level of the current inferred resource. The Company plans to drill approximately 8,800 meters of diamond drilling during the field season. More geological mapping and geophysical work will be conducted during the field season to target possible extensions of the mineralization.
Los Azules is a large copper porphyry system located in western San Juan province in a belt of porphyry copper deposits that straddles the border between Chile and Argentina. This belt contains some of the world's largest copper deposits, including Codelco's El Teniente and Andina mines, Anglo American's Los Bronces mine, Antofagasta PLC's Los Pelambres mine and Xstrata's El Pachon project, among others. The San Juan province is one of the most mining-friendly regions in Argentina.
Los Azules has an inferred mineral resource of 922 million tonnes grading 0.55 percent copper and containing 11.2 billion pounds of copper at a cutoff grade of 0.35 percent copper. There is high-grade, near-surface core of 161 million tonnes grading 0.87 percent copper and containing 3.1 billion pounds of copper at a cutoff grade of 0.70 percent copper. The known resource covers an area approximately 3.7 kilometers by 1 kilometer in size and is open at depth and laterally.

Now Los Azules is a Top Project for Rob McEwen according to Minera Andes presentation:

Los Azules in Minera Andes presentation

More on the Canaccord valuation of Los Azules:

Gold and Copper in Argentina: Rob McEwen, Los Azules and TNR Gold.

"Rob McEwen CEO of Minera Andes was marketing Los Azules in San Francisco with the following:
"Los Azules Copper Discovery
Inferred resource containing over 11 billion pounds of copper.
Larger than 83% of the world's copper deposit.
Open at depth and to the north for over 2 miles.
High Grade Core: Approximately 105 million tons of 1% copper near-surface!
Los Azules Preliminary Assessment
NPV (USD 3.0/lb, 8% discount rate) - $4 Billion
IRR - 25%
Initial Capital Expenditure - 2.7 Billion
Mine Life - 23.6 years.

"TNR has George K. Macintosh, Q.C.- one of the best lawyers in Canada working on the case. It will be interesting to see how law suit with Xstrata will go on and weather Rob McEwen will be open to a deal with a junior in order to clear the title of Los Azules and be able to market Los Azules project on the market. Canada Zinc Metals CZX.v stays as a wild card in the game with Chinese Tongling owning 13%. With recent activity in share price of CZX.v, we will not be surprised that Canaccord is right and company will be taken out at one stage. In this case Chinese Tongling as a shareholders in TNR Gold will add spice to the game around this huge Copper and gold mine in Argentina.

We are long standing shareholders in Canada Zinc Metals, TNR Gold and Minera Andes: we are biased and do not take anything as an investment advise as usual, please."

Canaccord highlighted recently Los Azules story in the mass media in Canada:
"BNN speaks to Wendell Zerb, vice president and senior mining analyst, Canaccord Adams, who explains why there's reason to be optimistic about the small cap mining sector this year."

BNN Video

"Top picks on the tube. Canaccord Adams Senior Mining Analyst Wendell Zerb was interviewed on BNN Tuesday, discussing the junior mining sector and what to expect in 2010. The three top picks Zerb highlighted were: Copper Mountain , Minera Andes and Exeter Resources. Copper Mountain 's primary asset is the Similco open pit copper mine (previously producing) in southern British Columbia . The current mine plan, as detailed in a July 2008 Feasibility study conducted by Hatch Ltd. (reserves and mine life were updated in April 2009), is based on a conventional open pit mine with a 35,000 tonne-per-day mill, producing a LOM average of approximately 83 million pounds of copper per year with gold and silver credits over an 18-yearmine life. Production is scheduled to commence in mid-2011. The Proven and Probable mineral reserve (0.15% Cu cut-off) totals 211.2 million tonnes averaging 0.36% Cu containing 1.68 billion pounds of copper. Zerb believes the Similco mine would be good fit as a bolt-on acquisition for a small- to mid-sized, North American based copper producer.
Minera Andes is a small cap silver/gold producer with a portfolio of additional exploration/development projects. The company has a 49% interest (Hochschild Mining 51%) in the San Jose silver/gold mine in southern Argentina . A second focus is on the Los Azules copper porphyry prospect (100%) in San Juan province, Argentina . Zerb forecasts Minera Andes ’ annual attributable productionramping up to over 100,000 oz AuEq at total cash costs of approximately US$300/oz AuEq within 12 months. He expects the valuation gap that currently exists between Minera Andes and many of its junior gold producer peers to partially close during this time frame. Zerb also views favourably Minera Andes ’ 100% interest in the promising Los Azules copper development asset."

Goldstone Resources Inc: Premier provides 2010 exploration update - 5 major drill programs totalling 100,000 metres drilling PG.to, GRC.to

"With Gold signalling a Short term Buy now, US Dollar Christmas party could be over and Job report has brought Hangover. Winter blues will take the green fellow over. There is only one medication left from economic malaise: print new money, buy its own debt and let's pray that some of it will go for the right cause and not only to Wall Street bonus payments."

We are interested in Hardrock property shaping into a gold deposit with very impressive intersections. We wish our Lithium plays have a partner like Premier Gold. 43-101 resource estimation was promised before by the end 2009, now we have another indication of Q1 2010. We are expecting deposit to be larger then 2 mil OZ Gold inferred resources. Any surprise to the upside will provide further revaluation in Goldstone Resources Inc. GRC.to holding 30% of the property.

"This Canadian Gold play - one of our Top Picks for 2009, is getting better and better with new high grade intersections. Roxmark Mines became a part of the new company Goldstone Resources GRC.to after merger with Ontex Resources. We have considered it as Canadian Gold M&A Play with premier buying out 30% of Hardrock project at some point."

Premier provides 2010 exploration update - 5 major drill programs totalling approximately 100,000 metres drilling

THUNDER BAY, ON, Jan. 12 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG - News) provided today an update of the Company's major 2010 exploration plans for its Northwestern Ontario projects. Drill programs are planned for the Hardrock, Rahill-Bonanza, Lennie, East Bay and PQ-North Properties. Highlights for the upcoming year include:
- Actively drilling on 5 properties (Q1), establishing Premier as one
of Canada's most active gold explorers
- Some 100,000 metres of diamond drilling.
- NI43-101 resource estimate for Hardrock to be released during Q1
- Red Lake underground initiative will open up huge exploration
potential
- Follow-up drilling at PQ North gold discovery zones

MAP

Ewan Downie, President and CEO of Premier said, "Premier had spectacular exploration success during 2009. Multiple new high-grade gold discoveries demand aggressive follow-up, resulting in what will be one of the industry's largest exploration and development budgets in 2010. In particular, our success at the Hardrock Project has led to the delineation of what is possibly one of Canada's most exciting new gold projects."
Hardrock Project - Building on 2009 Successes
---------------------------------------------
The Hardrock Project, operated under a joint venture with Goldstone Resources Inc. (TSX:GRC - News; Premier holds a 70% interest), will remain the Company's most active project with more than 70,000 metres of drilling planned. In 2009, more than 90,000 metres of drilling was completed at Hardrock, successfully identifying multiple open pit and underground style gold zones with the following highlights:
- Discovery of the High Grade North Zone: 1,141.5 g/t Au across
2.0 metres (33.3 oz/ton across 6.6 feet).
- The EP (open pit) Zone was defined over a strike length of more than
1 kilometre and remains open for expansion.
- Discovery of the NN Zone (open pit) along strike from EP - recent
drill intersections that define this zone include 6.91 g/t Au across
18.7 m (0.20 oz/ton across 61.3 feet), 5.69 g/t Au across 24.2 m
(0.17 oz/ton across 79.4 feet) and 52.90 g/t Au across 7.9 m
(1.54 oz/ton across 25.9 feet).
- Late in 2009, initial drilling in a new target area returned
high-grade results including 121.00 g/t Au across 1.5 m (3.53 oz/ton
across 4.9 feet).
The Hardrock Project is host to several past-producing mines which collectively produced more than 3.0 million ounces of gold, primarily from shallow depths within 2,000 feet (600 metres) of surface. The mined zones remained wide open at depth at the time mining ceased and resources were left in place within the existing mine workings.
In 2009, drilling focused on confirming both open pit and underground mineralization with the goal of identifying a potentially multi-million ounce gold resource that can be moved quickly towards development. The Project offers development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the centre of the property. Significant potential for developing resources has been identified in several areas including: 1) Open pit-style mineralization proximal to the main zones previously mined by underground methods; 2) Discoveries including bonanza-style gold zones; 3) Down-plunge of historically mined zones including the SP and North Zones; and, 4) Mineralization along strike from historically mined zones in the NN and North Zone areas."

Gold in Canada: Bravo Reports Gold Recoveries from 87% to 92% in Metallurgical Test Work at Homestake Ridge BVG.v, GG, NEM, ABX, GDX, GRC.to, RR.v, PG

Bravo Ventures is moving up from low band channel with signal Buy on Volume and all other indicators in neutral to positive (Slow STO). We have another important piece in this developing Gold deposit in Canada today - positive metallurgy. Last financing and dilution has brought a speed bump for this play, rising gold price and coming new encouraging drilling results will overcome it with a new highs this season.

"We are in agreement that it is time to rotate into Junior mining sector. After this consolidation, once investment public will realise that Gold will stay above 1000 USD/oz and it was not a final blip, money will go into Juniors, which still lack as a sector previous excitement of Bull Legs Up. Silver moves will be more dramatic, as usual, with double drivers of Inflation and Commodity High Tech Recovery play.
Economy is not rosy at all, but it is our ticket to the Growth. There is always Bull market somewhere. Debts could be only inflated away, do not bet on the Green Fellow - that this counter rally is for real. Orderly decline for Us Dollar is the name of the game.
Gold recent top coincided with Chinese calling for a Gold Bubble - they will be the buyers and keep it above 1000 USD/oz in a few months from now. Central banks become a Buyers in the Gold market with China, India and Russia now increasing positions. It will be the new driver."

Bravo Reports Gold Recoveries from 87% to 92% in Metallurgical Test Work at Homestake Ridge

Press Release Source: Bravo Venture Group Inc. On Monday January 11, 2010, 1:31 pm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 01/11/10) - Bravo Venture Group Inc. (TSX-V:BVG - News)(Frankfurt:B6I - News) announced today that calculated gold recoveries ranging from 87% to 92% were returned from initial metallurgical testing on composite samples from its Homestake Ridge Project, NW British Columbia.
The company reported that the test work, which was conducted on a blend of composites from three different areas in the Main Homestake deposit, involved combinations of gravity separation, flotation, whole ore cyanidation and concentrate cyanidation to derive four separate process flowsheets. These resulted in calculated recoveries of 87% to 92% for gold and 59% to 70% for silver.
Gravity recovered 35% of the gold and 20% of the silver into a gravity concentrate. Lock-cycle flotation tests on gravity tails yielded gold, silver and copper recoveries of 85%, 84% and 95%, respectively, while direct cyanidation of gravity tails yielded gold and silver extractions of 87% and 49%, respectively.
Rougher flotation of gravity tails yielded 92% gold and silver recoveries into a rougher flotation concentrate. Cyanidation of reground rougher flotation concentrate yielded gold and silver extractions of 88% and 60%, respectively.
Metallurgical work is being conducted at SGS Lakefield Research Limited under the supervision of Melis Engineering Ltd. of Saskatoon, Saskatchewan.
President Joe Kizis comments, "We are pleased that our initial metallurgical test work has verified our belief that metal recovery should be quite attractive. Further optimization is necessary, of course, but several acceptable recovery options are available. Metallurgical test work continues, particularly on the Hangingwall Silver horizon portion of the Main Homestake deposit, and we are planning to initiate test work on our new discovery, the Homestake Silver deposit."
Detailed Discussion of Results
Composite 'HR'
Test work was conducted on Composite 'HR', a blend of three sub-composites from the Main Homestake deposit, which was chosen to test both significant head-grade and to approximate the average mineralogical properties of much of the Main Homestake deposit. The sub-composites, which sampled over 235 metres of mineralized interval, represented higher-grade sulphide-rich mineralization from two different areas of the deposit and shallow, lower-grade siliceous mineralization from a third area of the deposit. The analyzed head grade for Composite HR was 6.24 g/t gold 12.7 g/t silver and 0.14% copper.
Mineralogical work on samples from Composite HR, which included Scanning Electron Microscopy, revealed that the samples consists mainly of potassium feldspar (35.2%), quartz (27.5%), and moderate amounts of calcite/dolomite (7.8%), sulphides (less than 8.0%), clays (3.2%), chlorite (2.4%), and other minor components. Chalcopyrite, which accounts for most of the copper in the sample, is a minor component at 0.5%. Trace amounts of other sulphides, such as sphalerite, galena, arsenopyrite and pyrrhotite, are also present. Pyrite makes up 92.3% of the sulphides.
Gold is present as free particles, and attached or locked in particles of pyrite and silicate minerals. Numerous gold grains, some as large as 100 to 150 microns, were observed.
Silver is present as native silver, electrum, krustelite, hessite, silver tetrahedrite, acanthite, pyrargyrite, and as an alloy with antimony.
Process Options
The test work considered four process flowsheets, all incorporating gravity recovery at the front end of the circuit. These included:
�
-- Option 1 - gravity recovery then flotation of gravity tails to produce a
gold/silver concentrate with low copper values for sale to a smelter
-- Option 2 - gravity recovery then on-site dore smelting of gravity
concentrate and flotation of gravity tails to produce a gold/silver
concentrate with low copper values for sale to a smelter,
-- Option 3 - gravity then whole-ore cyanidation and dore production on
site,
-- Option 4 - gravity then flotation of rougher concentrate and cyanidation
of gravity and rougher concentrate and Dore production on site.
Metallurgical Efficiencies
Gravity recovery yielded 35% of the gold and 20% of the silver into a gravity concentrate representing approximately 0.05% of the feed weight. Gravity tails thus contained 65% of the gold and 80% of the silver.
Lock-cycle flotation tests on gravity tails yielded gold, silver and copper unit recoveries of 85%, 84% and 95%, respectively, into a concentrate representing 4.5% of the feed weight. The overall gross recovery of a gravity/flotation circuit was thus estimated at 90% for gold, 87% for silver and 95% for copper.
Direct cyanidation of gravity tails yielded gold and silver extractions of 87% and 49%, respectively, representing overall gross recoveries of 92% for gold and 59% for silver for a gravity/cyanidation circuit.
Rougher flotation of gravity tails yielded 92% gold and silver recoveries into a rougher flotation concentrate representing 20% of the feed weight. Cyanidation of reground rougher flotation concentrate yielded gold and silver extractions of 88% and 60%, respectively, representing gross overall recovery values of 88% for gold and 64% for silver for a gravity/flotation/cyanidation circuit.
Flowsheet Comparison
Based on the metallurgical test results and a composite head grade of 6.24 g/t gold, 12.7 g/t silver and 0.14% copper, the estimated recoveries for each of the four process options are summarized as follows. Note that recoveries listed in Options 1 and 2 assume that the concentrate is marketable (an assessment of potential smelters will form part of the on-going work for the project) and include deductions for typical copper concentrate smelter payment terms to make the values comparable to recoveries from cyanidation.
�
--------------------------------------------------
Table 1
Bravo Venture Group Inc. - Homestake Ridge Project
Estimated Recoveries for Different Process Options
--------------------------------------------------
% Recovery Estimate
------------------------------
Process Option Au Ag Cu
--------------------------------------------------
1 87 69 60
--------------------------------------------------
2 88 70 60
--------------------------------------------------
3 92 59 0
--------------------------------------------------
4 88 64 0
--------------------------------------------------
Option 1 - Recoveries listed include deductions for typical copper concentrate smelter payment terms for gold, silver and copper assuming the combined concentrate is saleable, based on a combined concentrate representing 4.5% of the feed weight and a calculated concentrate grade of 125 g/t gold, 245 g/t silver and 3.0% copper. These recovery values do not include any deduction for concentrate treatment charges, penalty charges or transportation costs.
Option 2 - Recoveries listed include deductions for typical copper concentrate smelter payment terms for gold, silver and copper assuming the flotation concentrate is saleable, based on a flotation concentrate representing 4.5% of the feed weight and a calculated concentrate grade of 70 g/t gold, 175 g/t silver and 3.0% copper. These recovery values do not include any deduction for concentrate treatment charges, penalty charges or transportation costs.
Test work Composite HR is essentially complete except for some tailings analyses and a detailed concentrate analysis, which is due in early 2010.
Composite 'SZ'
Test work was also begun on Composite 'SZ', a fourth and mineralogically distinct sub-composite of samples from the Hangingwall Silver horizon of the Main Homestake deposit, and will be completed in early 2010. It will include lock-cycle testing to quantify flotation recoveries under conditions approaching steady state, and mineralogical examination of the composite to determine the mode of occurrence of silver and gold. The assay for this composite is 12.4 g/t gold, 1,366 g/t silver, 0.07% copper, 0.4% lead and 0.91% zinc.
The mineralogy of Composite SZ is similar to mineralization identified in the newly discovered Homestake Silver deposit, which is located approximately 700 metres to the southeast of the Main Homestake deposit and was the focus of recent drilling by Bravo at the Homestake Ridge Project.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak- Premier stratigraphy. Pursuant to the recently announced "Plan of Arrangement", Bravada Gold Corp. will focus on exploring Bravo's extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
Joseph A. 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."

Gold in Canada: Bravo Drills 12.1g/t Au Over 24.4 Metres, Expanding Homestake Silver Deposit BVG.v, GG, NEM, ABX, HUI, XAU, GDX, FCX, RGLD, AUY,

"Macro View on Micro Caps

Here we should talk about one Macro Event, which will be crucial for all our Micro Caps, we are writing here about: Burst of the Treasury Bubble. Governments, Institutions and people are holding them now exactly for the wrong reason: To Be Safe. It was important last year, when everybody moved into Treasuries for safety to eliminate Agency problem with collapsing banks, now when all governments back stop banking system Elvis moment for Treasuries is gone.
According to Jim Puplava next year U.S. Treasury will have to roll out 2 Trillion dollars of debt in maturity and finance another estimated 2 Trillion dollars of budget deficit in 2010. When more and more paper is coming into the market, prices are going down. Puru Saxena talks with Jim Puplava this week about FED buying 82-85% of all newly issued treasuries - we do not know, but will not be surprised. Once Treasury market Bubble will start bursting, where all these money will go?
Inflation is a function of printing press, credit expansion. Higher prices will come as a result of created money chasing the same amount of goods. Here is our Gold and Silver play as a store of value."

It is getting serious: with this kind of intersections and recent increase of the landholding at Homestake - exploration target is getting more important and deposit is shaping up with its potential high grade Gold core.

"• Homestake Ridge, British Columbia

- $8.6 million financing closing- Multi-rig, +40-hole, 8,500 metre drill program expanded by 2,000 metres

- New gold zone discovered at the Homestake Silver Zone

- Initial mine and metallurgical studies as well as preliminary baseline studies underway

- 2008 Bonanza drill results (73 m averaging 20.99 g/t Au, incl. 7.65 m of 181.58 g/t Au.)

- Nevada Projects to be spun-out re Plan of Arrangement to Bravada Gold Corp."

Bravo Drills 12.1g/t Au Over 24.4 Metres, Expanding Homestake Silver Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 01/06/10) - Bravo Venture Group Inc. (TSX-V:BVG - News)(Frankfurt:B6I - News) reported today that high-grade gold intercepts from two major 100 metre step-out drill holes continue to expand the width and lateral dimensions of the mineralization in the Homestake Silver deposit on its 100 percent owned Homestake Ridge Project, located in NW British Columbia. Homestake Silver is believed to be a separate, second deposit on the Homestake Ridge property, located approximately 700 metres to the southeast of the Main Homestake deposit.
The Company reported multiple high-grade gold intercepts of significant thickness in drill hole HR09-165. Highlights of three of these intercepts, all estimated true thicknesses, include:
- a 24.4 metre interval averaging 12.1g/t gold and 6.8g/t silver, which included a higher-grade 2.4 metre interval averaging 87.0g/t gold and 22.1g/t silver.
- a 14.5 metre interval averaging 4.8g/t gold and 2.1g/t silver, which included a higher-grade 2.5 metre interval averaging 10.4g/t gold and 3.3g/t silver.
- and a 2.7 metre interval averaging 10.0g/t gold and 134.3g/t silver.
The Company also reported that newly received assays have expanded a second mineralized zone in drill hole HR09-164 from a previously reported 0.4 metre interval averaging 7.1g/t gold and 148.0g/t silver to 33.2 metres averaging 1.5g/t gold and 5.1g/t silver, which included a 3.6 metre interval averaging 7.9g/t gold and 37.5g/t silver.
To view Figure 1, please click on the following link: http://us.lrd.yahoo.com/_ylt=AjqSyroAQUW.bMQyDWeWONqtcq9_;_ylu=X3oDMTE2OWh2ZWsxBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDaHR0cG1lZGlhM21h/SIG=11lstengp/**http%3A//media3.marketwire.com/docs/BVGfig1106.jpg
Results were also received from drill hole HR09-163 and included a 3.5 metre interval averaging 2.9g/t gold and 155.7g/t silver within a 40.4 metre interval averaging 0.3g/t gold and 49.8g/t silver. Anomalous, but generally lower grade silver values were returned from several holes that tested the southeastern extension of the mineralized zone. All intervals are reported as estimated true thickness.
Thick intervals of high-grade gold mineralization in drill holes HR09-164 and HR09-165 have significantly increased both the thickness and lateral extent of this gold-enriched portion of the Homestake Silver zone. Both holes are significant step outs of at least 100 metres from prior mineralized intercepts and are entirely open along strike to the northwest and at depth. Drilling at the Homestake Silver deposit from 2007 to 2009 has identified high-grade silver and gold mineralization, sometimes in multiple horizons, over +500 metres of strike and 400 metres of dip. Mineralization remains open down-dip along this full strike-length.

Table.

Homestake Ridge Project
Bravo has completed drilling for the season at the Homestake Ridge Project and crews are in the process of demobilization. A total of 48 holes have been cored on the property for 13,436 metres during this year's program. Assays from 5 drill holes are pending.
Twenty-two holes have been drilled in Homestake Silver deposit (two lost), 22 holes in the Main Homestake deposit (four lost), and six holes tested other targets on the claim group (one lost). An updated long section of the 2009 drill plan and a full compilation of the 2009 assay summaries are available on Bravo's website at bravoventuregroup.com.
About Bravo Venture Group Inc.
Bravo Venture Group Inc. is focused on exploring its precious and base metal-rich Homestake Ridge project in British Columbia, a gold-rich epithermal/VMS-related system within Eskay Creek/Silbak-Premier stratigraphy. Pursuant to the recently announced "Plan of Arrangement", Bravada Gold Corp. will focus on exploring Bravo's extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada.
Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On behalf of the Board of Directors
Joseph A. Kizis Jr., Director, President
Bravo Venture Group Inc.
We seek safe harbor."

Gold and Silver: Kootenay Drill Programs Expected to Add Significant Shareholder Value in 2010 KTN.v, SSRI, SLW, HUI, XAU, TNR.v, ASM.v, EPZ.v, NEM,

"Macro View on Micro Caps.

Debt of the United States has surpassed Twelve Trillion a few days ago - it is time to put a few lines about destiny of US Dollar, Gold and pockets of Growth. This debt, which is so dangerously close to be a 100% of GDP is a small shadow of U.S. total obligations which could be as high as 114 Trillion dollars.
Recently we gave a Signal:
"We promised to give you an update on Gold Big Picture. First of all we will refer to the Chart above and will tell you that we see a Sell signal short term in the making."
Gold is in a healthy correction now: our Sell signal is confirmed. Things are not rising parabolically, if it is not the last phase of the Gold Bull. We do not think so and now it is time to buy and accumulate positions again. Gold could retest strong support of previous consolidation pattern at around 1000 USD/oz to throw you the number, but do not trade it if you do not have to.
Jim Puplava is talking this week about Gold doubling from here and Mr Gold Corp - Rob McEwen still throws his 5000 figure and makes a Junior Gold mining index. We are in agreement that it is time to rotate into Junior mining sector. After this consolidation, once investment public will realise that Gold will stay above 1000 USD/oz and it was not a final blip, money will go into Juniors, which still lack as a sector previous excitement of Bull Legs Up. Silver moves will be more dramatic, as usual, with double drivers of Inflation and Commodity High Tech Recovery play."

Time is is for Juniors in Gold and Silver to play, look for strong aggressive teams, good assets and solid financial positions - the rest will be done by The Gold Bull.

Kootenay Drill Programs Expected to Add Significant Shareholder Value in 2010

VANCOUVER, Jan. 6 /CNW/ - Kootenay Gold Inc. ("Kootenay") (KTN: TSX.V) is pleased to announce exploration has accelerated on its gold and silver properties. Seven drill programs in Mexico and Canada provide multiple opportunities for discovery and added shareholder value in 2010. During the first two quarters of 2010, drill results are expected for the following properties:
- Promontorio, Mexico Drilling Underway
- Espiritu, Mexico Drilling Underway
- Rosetta Stone, Canada Drilling Complete Results Pending
- Connor Creek, Canada Drilling Complete Results Pending
- Santa Lucia, Mexico Drilling Scheduled
- Jumping Josephine, Canada Drilling Scheduled
- Deer Park, Canada Drilling Scheduled
James McDonald, CEO of Kootenay Gold commented, "Drilling and development at the Promontorio Silver/Gold Project continues to be our primary focus while Joint Venture partnerships maximize the potential for new discoveries. We are presently in a healthy financial situation with ~$10 million in the treasury and ~37 million shares outstanding."
GEOLOGICAL PROPERTY Information
Promontorio, Mexico
Phase I & II Promontorio Drill Results reported 950 grams per tonne ("g/t") over 18.4 meters ("m"), 162 g/t Silver eqv. over 151m & 386.64m of 70.8 g/t Silver eqv (for full assay results see News Release dated Feb 05, 2009). Drilling continues at Promontorio. The program is designed to drill untested targets; expand on mineralization discovered at the Pit Discovery; and step-out across the 2km Dorotea Trend. The current program focuses on targets identified by systematic exploration (3D IP Geophysical Survey; Mapping; Sampling; EM Airborne Study; Trenching; Drilling) across this large silver-lead-zinc-gold mineral system; The program is being expanded and is to be followed with detailed drilling of the strongest mineralized zones.
Espiritu, Mexico - Joint Venture
The Espiritu is an exciting project that has the potential to be a 'Company Maker'. It has the text book characteristics of a large scale porphyry system. Erosion of the Leach Cap has exposed the enriched Supergene of a Gold Copper system. Mineralization and alterations are hosted along a 5km east northeast trending structure that measures between 1 and 2km in width. Two hundred and sixty-one samples have been collected, with 169 from the northwest porphyry setting. This drill phase is the first look at the system to determine grade and width potential of the supergene and hypogene mineralization (see News Release dated Dec 03, 2009).
Rosetta Stone, Canada - Joint Venture
The drill program is a first test on two newly discovered gold showings named the Road and Rosetta Stone showings. The road showing which is 94m long and 4 to 6m wide and can be projected for another 450m along strike; and the Rosetta Stone showing which is exposed for 40m of strike over 2 to 4m wide before disappearing into overburden on both ends. Grab samples from the Rosetta Stone showing range from background to 21.1 g/t, 11.4 g/t, 7.7 g/t, 16.6 g/t, 7.1 g/t and 3.8 g/t, with 11 of 29 samples grading more than 1.0 g/t gold. Grab samples from the Road showing ranged from background to a high of 17.0 g/t gold (see News Release dated Oct 14, 2009).
Connor Creek, Canada - Joint Venture
Gold-bearing shear zones, massive sulphide gold-copper veins, polymetallic veins and skarn occur on the property. The massive sulphide veins are similar in many respects to the veins that host the copper-gold deposits of the historic Rossland camp. Although hillsides are steep, little outcrop has been found away from roads and some creeks. A soil geochemical survey over about one-quarter of the property has located several unexplained zones of strongly anomalous values for gold (up to 1554 parts per billion) and other metals. These zones measure up to 1500m long and 500m wide. Drilling in 2007 of newly discovered gold-bearing shears at the CC gold zone at the north end of a 550 meter-long gold soil anomaly returned the following drill intercepts (see News Release dated Nov 13, 2009):
Hole No. 9 -- 16.2 g/t gold over 0.80m;
Hole No. 10 -- 4.75 g/t Au over 3m; 3.29 g/t Au over 1.76m; 1.09 g/t
Au over 4m.
Santa Lucia, Mexico - Joint Venture
During the last several years, Kootenay has conducted extensive exploration on the Santa Lucia Property which includes prospecting, mapping, sampling, airborne mag and EM work. In addition, a complete historic data package was purchased in 2009. The data contains information from more than US$1 million of exploration expenditures conducted in the 1990's. Based on Kootenay's exploration and drill intercepts contained within the data package, several compelling Drill Targets have been identified. Planning and permitting is now underway for a comprehensive diamond drilling program at Santa Lucia (see News Release dated Dec 10, 2009).
Jumping Josephine, Canada - Joint Venture
Gold encountered over a strike length of 900m and to vertical depths of up to 240m below surface and remains open on strike and at depth. Visible gold is often observed within the stockwork quartz veins and individual meter-wide samples range up to 61.8 g/t gold (hole 048 58-59m). The presence of coarse gold was noted early during exploration and all samples from the stockwork zone were analyzed by metallic screen fire assays.
Planning and permitting is now underway for a focused and comprehensive trenching and diamond drilling program on the Jumping Josephine Project for the spring 2010, as well as the previously-announced bulk sampling at the JJ Main zone. This work will continue to evaluate the 2km JJ Main structure, as well as testing a number of other high-priority targets (see News Release dated Nov 18, 2008).
Deer Park, Canada - Joint Venture
The Deer Park property comprises approximately 420 hectares. Several styles of mineralization have been recognized. Gold occurs within north trending shear zones in quartz veins, veinlets and irregular fracture zones, commonly with minor copper or other base metal sulphides; within a mapped and projected strike length of nearly 3km. Higher concentrations and better grades appear to be associated with small east-trending, crosscutting fractures or faults, with hand sample values containing up to 23 g/t. These gold zones have been the focus of most of Kootenay Gold's recent exploration including an airborne geophysical survey, geological mapping, soil geochemistry and trenching. Lead-zinc-silver veins occur in the southwestern part of the Deer Park property. Selected grab samples from numerous historical trench piles returned values of several percent combined lead and zinc and up to 68 g/t silver (see News Release dated Dec 11, 2009).
About Kootenay
Kootenay is an emerging exploration Company actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. The Company's top priority remains the ongoing development of its Promontorio Silver project in Sonora State, northwest Mexico, which encompasses the former producing Promontorio Silver Mine.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
For further information: James McDonald, CEO and President at (403) 238-6986 or Ken Berry, Chairman at (604) 601-5652, 1-888-601-5650, http://www.kootenaygold.ca/"

Gold: Goldstone Resources Inc. Deep drilling at Hardrock intersects high grade gold including 10.05g/t (0.29 oz/ton) gold over 24.2m(79.4 feet) GRC.to

"Goldstone Resources Inc. is a major force in gold exploration and development, combining significant historic and newly discovered resources and exploration potential in the Beardmore-Geraldton Camp in Northwestern Ontario.
Formed late in 2009 by the merger of Ontex Resources Ltd. and Roxmark Mines Ltd, the company benefits from extensive existing infrastructure above and below ground including an upgraded, fully-permitted mill. In addition to gold resources and exploration targets on its 100% owned properties, Goldstone enjoys a 30% carried interest in The Hardrock Project, a joint venture with Premier Gold Mines Limited as operator.
Goldstone’s Brookbank and Northern Empire Mine properties both have NI 43-101 compliant resource estimates, containing a combined total of indicated and inferred resource in excess of one million ounces of gold. Overall, the ten formerly productive mines on Goldstone lands — including the Leitch Mine, at one time, Canada’s richest — produced in excess of 4 million ounces of gold, remained open at depth, and offer major untapped potential through extensions and parallel occurrences.
Goldstone is currently planning an aggressive, multi-rig drilling program for 2010 and awaiting a NI 43-101 report to be issued early in the year by Premier Gold Mines, summarizing results of the exploration and drilling efforts on The Hardrock Project.
Goldstone Resources Inc trades on the Toronto Stock Exchange under the symbol GRC
Learn more about Ontex Resources Ltd.
Learn more about Roxmark Mines Ltd."

This Canadian Gold play - one of our Top Picks for 2009, is getting better and better with new high grade intersections. Roxmark Mines became a part of the new company Goldstone Resources GRC.to after merger with Ontex Resources. We have considered it as Canadian Gold M@A Play with premier buying out 30% of Hardrock project at some point.

Management of Roxmark was not very active, to put it mildly, before Premier moved into the Hardrock. All success later came as a result of a very aggressive exploration by Premier Gold and Hardrock is shaping up into a multi million Oz gold deposit now.

We will still have to see whether this merger was an attempt for the Roxmark management to hide from Premier acquisition and termination into the corner office or Ontex team will be able to bring a new dimension to the combined assets apart from Hardrock, including mill and former producing gold properties in Greenstone Belt.

Recent consolidation has given us a good opportunity to reenter the Play below 0.2CAD in Roxmark after taking initial profit in 2009.

We will revisit our Top Picks for performance for 2009 and will review Top Picks for 2010 later.

Premier Gold - Deep drilling at Hardrock intersects high grade gold including 10.05g/t (0.29 oz/ton) gold over 24.2m (79.4 feet)

Shares Issued: 84,452,179

THUNDER BAY, ON, Jan. 5 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) announced today that multiple deep drill holes have intersected broad zones of high-grade gold mineralization below the bottom level of the historically mined North Zone at the Hardrock Project in Northwestern Ontario. Highlights include intercepts of 10.05 grams per tonne gold (g/t Au) across 24.2 metres (m) or 0.29 oz/ton across 79.4 feet; and 8.41 g/t Au across 22.9 m, or 0.25 oz/ton across 75.1 feet. This drilling confirms that the North Zone deposit is wide open at depth.

    North Zone Deeps     ---------------- 

All holes drilled to test the down-dip potential of the mine have intersected multiple zones of gold mineralization to 100 metres below the mined portion of the North Zone. Significant intercepts include:

    -   39.20 g/t Au across 4.8 m (1.14 oz/ton gold across 15.7 feet) in         MM050      -   18.86 g/t Au  across 3.3m (0.55 oz/ton across 10.8 feet) in MM050A      -   21.90 g/t Au across 1.5m (0.64 oz/ton across 4.9 feet) in MM079      -   8.41 g/t Au across 22.9m (0.25 oz/ton across 75.1 feet) including         15.95 g/t Au across 8.1m (0.47 oz/ton across 26.6 feet) in MM079A      -   10.05 g/t Au across 24.2m (0.29 oz/ton across 79.4 feet) including         20.76 g/t Au across 5.4 m (0.61 oz/ton across 17.7 feet) in MM079B 

Stephen McGibbon, Premier's Executive VP and COO, said, "Hardrock continues to exceed even our optimistic expectations. These solid results bode well for our forthcoming resource estimate and our ongoing aggressive drilling program. During 2010 we are eager to continue to further outline both the open pit and underground potential of Hardrock."

Table 1 below provides a full summary of significant results from the deep drill program received to date. Ongoing drilling will continue to step out down-plunge to the west in an effort to further define the potential of the North Zone deposit.

The longitudinal section in Figure 1 profiles the location of the new deep drill intersections in relation to the bottom (2000 foot) level of the mine. The North Zone was previously mined to a depth of 610 metres (2,000 feet) with production of 2.97 million tons at a recovered grade of 0.22 oz/ton (7.54g/t Au). This drilling demonstrates that this zone remains wide open for expansion at depth.

A full presentation detailing the location of this deep drilling is available at the Company's website http://www.premiergoldmines.com/."