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Orofino Gold Corp.(ORFG.PK) is working with two locations that Geologists believe have more than 1,000,000 ounces of gold on the property.

Orofino Gold is a precious metals acquisition, exploration, and development company. Orofino acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end Orofino has signed an option agreement to acquire several properties in Colombia.

Orofino recently reported that as result of the recent site visit and meetings with Colombian Geologists who are well informed on this area, it has been determined that current estimates for the area are that each of the areas of lode mines may prove to contain more than 1,000,000 ounces of Gold with a Silver credit (as seen in recent assay results).

While this model is of great interest to the company, the current development program is targeting a very large, multi million ounce bulk minable porphyry Copper-Gold deposit which may prove to contain estimates exceeding 5 million ounces in precious metals with associated base metals.

With investors taking a hard look at gold and advisors telling us to buy gold, this find could be significant.

VHGI Holdings Inc.’s (VHGI.OB) wholly-owned operating subsidiary VHGI Gold LLC, is pleased to report that after their recent onsite trips to the current Gold projects, it is now structuring each of the mining projects into their own operating subsidiaries.

The names of the subsidiaries will be TGP LLC, for the Treasure Gulch Property, Sun Gold Mining, LLC for the Sun Gold Mining project, and Granite County Placer LLC for the Gold Creek Project.

Comprised of multiple leases, the Gold Creek Placer Mine is a contiguous lease portfolio controlling approximately 1,060 acres of federal land and is credited with being the location of the first verified gold strike in Montana. As previously announced, according to GeoTerra Resources, this mine appears to contain approximately 1.8 million cubic yards of gold bearing material that is inferred to contain in excess of 100,000 ounces of placer gold with an expected average working grade of 0.04 - 0.06 ounces of placer gold per cubic yard.

“We recently had our team on the ground to conduct due diligence and are working toward completion of this transaction with GeoTerra,” stated VHGI Gold’s President Mr. Jim Renfro, adding, “We are currently exploring various financing alternatives including financing for company subsidiaries to operate the mines as well as a potential transaction that will retain a royalty interest in certain mines.”

Entrée Gold Inc. (NYSE AMEX:EGI) has received a mining licence covering its Nomkhon Bohr coal discovery, outlined through exploration efforts in 2008-2009. The new mining licence comprises approximately 14,030 hectares and covers the northwest corner of the former Togoot exploration licence. The portion of the property included in the mining licence is mainly underlain by Permian sediments which are known to host rich coal deposits in this part of the Gobi Desert.

“We have worked closely with our Mongolian resource consultants and the Minerals Council over the last several months to meet the criteria for a mining licence over our Nomkhon Bohr coal discovery. Our 100%-ownership of the property and 30 year initial term of the licence gives us many strategic options,” said Greg Crowe, President and CEO of Entrée.

The Nomkhon Bohr thermal coal occurrences lie within Permian sedimentary rocks thought to be of similar age to those hosting the multi-billion tonne Tavan Tolgoi thermal and metallurgical coal deposits. Tavan Tolgoi is located approximately 80 kilometres to the northwest. Two groups are currently mining and trucking coal to China along an improved dirt road that passes immediately north of Nomkhon Bohr. This road is in the process of being paved. A railway, which will follow a similar route to the current road, is planned to service both Tavan Tolgoi and Oyu Tolgoi and provide greater access to markets in China.

Entrée Gold Inc. is a Canadian mineral exploration company focused on the worldwide exploration and development of copper and gold prospects. The Company’s flagship Lookout Hill property in Mongolia completely surrounds the 8,500-hectare Oyu Tolgoi project of Ivanhoe Mines. A portion of the Lookout Hill property is subject to a joint venture with Ivanhoe Mines, through its subsidiary Oyu Tolgoi LLC. The joint venture property hosts the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit. Excellent exploration potential remains on the joint venture property for the discovery of additional mineralized zones.

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Tags: coal mining, Entree Gold, gold mining, mining stocks, NYSE:EGI, orfg.pk, Orofino Gold, VHGI Gold, VHGI Holdings, VHGI.OB

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