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Exploration hot spot: some of the most richly-endowed terrain in British Columbia

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NioGold discovers two important mineralized structures in Malartic Camp

NioGold Mining Corporation (TSX-V: NOX) is pleased to report on the on-going exploration drilling program within the southern portion of company's wholly-owned Malartic Block property, located in the Malartic gold camp, Abitibi region of Quebec. The first three holes of the program intersected two important altered, veined and sulphide mineralised shear zones cutting sedimentary rocks.

Independent technical report confirms IAMGOLD’s niobium mine potential with a 691% increase in M&I resources and a net asset value up to $2 billion

IAMGOLD Corporation (TSX:IMG)(NYSE:IAG) today announced the results of an independently prepared NI 43-101 compliant preliminary economic assessment ("PEA") on the company's wholly-owned Niobec niobium mine in the province of Quebec, Canada. The PEA shows a significant increase in the measured, indicated and inferred mineral resource estimates at Niobec with the potential for a significant production expansion. The PEA examined the impact of changing the existing underground mine to an alternative bulk mining method. IAMGOLD technical personnel then compared the economics of the open pit scenario and a block caving scenario. The work done on the PEA and the study will be advanced in a 2011 pre-feasibility study to confirm the potential upside of Niobec.

Lake Shore Gold announces first quarter 2011 production results, company targeting 125,000 ounces in 2011

Lake Shore Gold Corp. (TSX:LSG) today released production results for the first quarter of 2011. Ore processed in the quarter amounted to 148,400 tonnes at a grade of 4.89 grams per tonne ("gpt") at a recovery rate 95.8% for recovered gold of 22,300 ounces. Gold poured related to mill production totaled 25,900 ounces. Total gold sold during the first quarter of 2011 was 34,000 ounces at an average gold price of US$1,387 per ounce. Image by Lake Shore Gold

Record drill hole intersection at Kirkland Lake; Drill Hole 53-1685 asays 8.16 ounces of gold per ton over 46.7 feet true width

Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI), an operating and exploration gold company, is pleased to announce a record drill hole intersection from one of the underground exploration programs on the company's 100% owned Macassa property. This particular drill hole, which was targeting the east `08 Break Zone from the 5300 foot level of the Macassa Mine, intersected the New South Zone within a previously defined resource area of the South Mine Complex (SMC). Image by Kirkland Lake Gold Inc.

Serengeti brings Freeport onboard to hunt copper-gold near Mt. Milligan

Small B.C.-based junior Serengeti Resources (TSX-V: SIR) signed on a sizeable partner to explore territory thick in prospective copper-gold porphyries. Mining giant Freeport McMoRan Copper & Gold (NYSE: FCX) inked an exploration agreement with Serengeti Resources that could see a 51-49-percent joint venture in Freeport's favour formed on Serengeti's Choo and Tchentlo properties, not far from Thompson Creek Metals' Mt. Milligan copper-gold project.

Richfield drills 226 m at 0.92 g/t gold. New Gold waits in the wings

Five drillholes plugged some wide gaps for Richfield Ventures (TSX-V: RVC) at its Blackwater deposit, showing impressive continuity of deep gold mineralization at its flagship project 100-kilometers south of Vanderhoof, B.C. New Gold (TSX: NGD) will likely be pleased, as in early April it announced an all share takeover of Richfield worth C$550 million and plans on bringing Blackwater into production if the takeover succeeds. Ongoing drilling is part of an aggressive campaign to flesh out and expand Richfield's growing resources.

Coalspur completes C$44.4 million public offering

Coalspur Mines Limited (ASX: CPL, TSX:CPT) is pleased to announce that it has successfully completed its public offering of 24 million ordinary shares of the company at an issue price of C$1.85 per ordinary share for gross proceeds of C$44.4 million. This was announced to the market on April 13, 2011. In addition to the public offering, the previously announced private placement of 6 million ordinary shares at C$1.85 each to raise a further C$11.1 million, before costs , is expected to be completed in June 2011. The private placement is being made to the Highland Park Group, a strategic shareholder of the company.