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Mercer Gold Corporation (MRGP.OB) reports initial results from the Company’s gold exploration program at the Guayabales Gold Project, located in the Marmato Gold District of Colombia. Initial work has potentially identified two new areas of gold mineralization and alteration, similar in style of alteration and structure to the three primary areas of interest identified in earlier work and described in the Company’s previously released technical report. Based on the limited sampling, additional work is necessary to confirm the presence of the two new zones.

Work to date has also included geologic mapping, underground sampling of new advances in tunnels created by local miners, underground sampling of previously unsampled tunnels, and surface sampling of areas of interest related to the ongoing mapping of geology, alteration and structure, and a soil orientation sampling program.

“These results are preliminary and although more work is needed to confirm the presence of the new zones, it begins to show that this property has potential in areas previously unexplored. We have since started a systematic approach to understand the geology across the entire property and I look forward to learning about its true potential in due course,” says Rahim Jivraj, President of Mercer Gold Corp.

Mercer Gold Corporation is focused on gold exploration and resource definition in Colombia. The Company acquired the prospective Guayabales Project, located in the Marmato Gold District, Department of Caldas, earlier in 2010. Mercer is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.

Goldcorp (NYSE:GG) is the lowest-cost and fastest growing senior gold producer with operations and development projects situated in low political risk countries throughout the Americas.

A Canadian company headquartered in Vancouver, Canada, Goldcorp employs more than 10,000 people worldwide.

Goldcorp is committed to responsible mining and is well-positioned to deliver sustained, industry leading growth and performance.

Goldcorp Inc. reported increased gold production of 609,500 ounces for the second quarter which combined with higher realized gold prices to drive record operating cash flow of $382.6 million. Reported net earnings attributable to shareholders of Goldcorp in the quarter were $828.3 million compared to a net loss of $231.6 million in the second quarter of 2009. Adjusted net earnings1 were $198.8 million, or $0.27 per share, compared to $99.2 million, or $0.14 per share, in the second quarter of 2009.

Nevsun Resources Ltd. (AMEX:NSU) recently provided a brief update on the Bisha project in Eritrea.

The project continues to be on schedule and on budget. Bisha is advancing well towards plant commissioning phase late this year. After a relatively short commissioning process (60 days) and after reaching commercial production during Q1 2011, the Company expects to produce in excess of 100,000 ounces of gold each quarter at a cost of less than $250 per ounce. With over 95% of procurement completed, project management are comfortable the actual capital cost will be within the budget of approximately $260 million.

With these low operating costs, Bisha is anticipated to have much higher than average industry profitability and cash flow. Estimated Bisha Project cash flow under various metals price assumptions is included in the annual MD&A and posted on the Nevsun web site.

The Company’s cash position at June 30 was approximately US$83 million. This cash, plus the normal contributions by the Eritrean National Mining Corporation is enough to satisfy all construction cash requirements. Q2 financial results will be released on or about August 12, 2010.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer ) . Rule 17B requires disclosure of payment for investor relations.Crown Equity Holdings, Inc. (CRWE.OB) has received ten thousand dollars in cash from a third party (Stock Group AG) for (1) day of advertising for Mercer Gold Corporation, (MRGP.OB)

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Orofino Gold Corp.(OTC: PK. ORFG) is an International gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia. The company has reviewed several bulk minable properties and has signed an option to acquire properties in the Sur de Bolivar Department of Colombia South America

Orofino is a new high growth gold company whose mandate is to acquire, explore and develop to compliant proven reserves major gold targets in historically rich gold bearing jurisdictions of Mexico and Colombia two of the most significant gold producing countries in the world. To this end Orofino has signed an option agreement to acquire several properties in Colombia.

Orofino’s competitive advantages are the close long term relationships to Mexico and Colombia with their numerous high quality low cost gold opportunities. Orofino has a Spanish speaking team with geological leadership with over 30 years in Mexico and 28 years in Colombia. The company has performed due diligence on many prospective properties and has categorized three as good to high priority, high return opportunities for immediate investment. These properties are in areas of known gold reserves, low production costs and multi million ounce potential.

Orofino will open field offices in both Mexico and Colombia to take advantage of the local knowledge and cost effective talent pool.

Goldcorp (NYSE:GG) is the lowest-cost and fastest growing senior gold producer with operations and development projects situated in low political risk countries throughout the Americas.

A Canadian company headquartered in Vancouver, Canada, Goldcorp employs more than 10,000 people worldwide.

Goldcorp is committed to responsible mining and is well-positioned to deliver sustained, industry leading growth and performance.

Goldcorp Inc. reported increased gold production of 609,500 ounces for the second quarter which combined with higher realized gold prices to drive record operating cash flow of $382.6 million. Reported net earnings attributable to shareholders of Goldcorp in the quarter were $828.3 million compared to a net loss of $231.6 million in the second quarter of 2009. Adjusted net earnings1 were $198.8 million, or $0.27 per share, compared to $99.2 million, or $0.14 per share, in the second quarter of 2009.

Midway Gold Corp. (NYSE:MDW) is pleased to report the results of the Preliminary Economic Assessment (“PEA”) for the Company’s 100% owned Pan project located in White Pine County, Nevada. The PEA, prepared by Gustavson Associates, is based on the July 1, 2009 resource estimate for the Pan project. This PEA demonstrates the robust economics and technical favorability of the Pan project. Midway expects that drilling planned in 2010 and 2011 may improve the grade and expand the mineral resource.

Midway Gold Corp. is a precious metals company with a vision to design, build, and operate mines in a manner accountable to all stakeholders while producing an acceptable return to its shareholders. Midway controls over 65 square miles of mineral rights in the western United States, including four advanced exploration projects: Spring Valley, Pan, Golden Eagle, and Midway, as well as two early stage exploration targets: Gold Rock and Burnt Canyon.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer ) . Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising services.

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Gold American Mining Corp. (OTC.BB:SILA) is pleased to provide an update on the Guadalupe property.

“We are very satisfied with the work progress on our properties as we continue to evaluate other interesting exploration properties with a view to add them to our portfolio,” said Johannes Petersen, President of Gold American. “The results to date at our Guadalupe property are in line with what we expected to find. The values at surface, the historical information acquired and the recent identification of the geophysics anomalies, all suggest that the vein systems in the property have the potential to continue to much greater depths. We are confident that we will soon be in a position to start drilling operations in the property to test this concept,” added Mr. Petersen.

Gold American Mining Corp. recently furnished an update on the financing activities of the Company.

As announced in May 11, 2010, the Company entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures. Gold American Mining is pleased to announce that up to date they have received funds in the amount of $300,000 in virtue of this agreement and that Gold American still has a balance of $7.2 million that they could call upon to fund their exploration and acquisition strategy. During 2010, Gold American has received total equity subscription proceeds of $500,000.

The funding will be utilized by Gold American in its ongoing acquisition strategy and specifically in the further exploration and development of its existing Keeno Strike Property in Nevada, which could potentially contain ~1.1 million ounces of gold and ~69.0 million ounces of silver accessible via open-pit bulk handling methods, and its Guadalupe Property in Mexico, which is located approximately 5 miles north of the world’s richest underground silver mine, operated by the +$10 billion London Stock Exchange-traded company, Fresnillo plc.

GOLDCORP INC. (NYSE: GG) agreed recently to support the proposed transaction whereby Thompson Creek Metals Inc. will acquire all of the outstanding common and preferred shares of Terrane Metals Corp.

Goldcorp controls 58% of the outstanding shares of Terrane through its ownership of 240 million preferred shares and 27.3 million common shares. In conjunction with the Thompson Creek acquisition of Terrane, Goldcorp has agreed to vote its securities in support of the Thompson Creek acquisition. Upon completion of the transaction,

Goldcorp will receive proceeds of C$240.5 million in cash and 13.9 million Thompson Creek common shares representing approximately 8% of the outstanding shares.

“Mt. Milligan is a high quality copper-gold project that is ready to move into construction,” said Chuck Jeannes, President and Chief Executive Officer. “The Terrane team has done a great job advancing the project. Thompson Creek provides the financial strength and management to build and operate the mine, bringing benefits to British Columbia and shareholders of both companies. We look forward to being a significant shareholder of Thompson Creek. Goldcorp will deploy the cash proceeds toward the continued development of its industry-leading suite of core gold projects.”

BMO Capital Markets acted for Goldcorp as financial advisor and Osler, Hoskin & Harcourt LLP as legal advisor.

Goldcorp is North America’s fastest growing senior gold producer. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.

Songzai International Holding Group, Inc. (OTC.BB:SGZH), a leader in coal production and exploration in the People’s Republic of China previously reported that the Company has entered into an Asset Purchase Agreement to acquire the Erdos City Dongsheng District Liujiaqu Coal Mine located in the Inner Mongolia region of the PRC.

The Liujiaqu Coal Mine is a new mine encompassing about 8.87 square kilometers. Total estimated resources of the mine are approximately 143 million metric tons. The Company anticipates that the acquisition will be consummated with the completion of industrial and commercial registration for the change of ownership within 3 months from the date the seller receives the cash portion of the consideration and that production at the Liujiaqu Coal Mine will begin in the third quarter of 2010. The annual production capacity of the mine is expected to be 1.2 million metric tons in 2011 with continuous growth thereafter. The extracted coal is to be sold on a raw product basis as thermal coal for power generation, cement rotary kilns and other industrial and home heating uses.

Songzai International Holding Group, Inc. is engaged in coal production and sales by exploring, assembling, assessing, permitting, developing and mining coal properties in the People’s Republic of China (”PRC”).

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer ) . Rule 17B requires disclosure of payment for investor relations.Crown Equity Holdings, Inc. (CRWE.OB) has received eight thousand dollars in cash from a third party (Winning Media) for (7) days of advertising for Gold American Mining Corp (SILA.OB)