DrStockPick Update On Precious Metals Mining Companies MRGP, NGD and AUY.
Sunday, August 8th, 2010**************************************************************
Mercer Gold Corporation (MRGP.OB) has recently reported results from 63 surface samples taken in the course of 1:5000 scale mapping of the surface at the Guayabales Gold Project.
All 4 of these samples locations lie between 500 and 1000 meters west of and well outside the previously defined areas of interest on the east side of the property. The extreme lack of outcrop due to soil cover makes it impossible to determine the extent of mineralized zones indicated by these samples. Systematic soil sampling, now in progress, is expected to provide additional information in these areas lacking bedrock outcrops.
A soil sampling program covering the entire property at sample spacing of 100 x 100 meters is underway at the Guayabales Gold Project. The sample collection program is more than 50% complete. 125 samples have been delivered to the laboratory and the remaining samples will be delivered at the completion of the program.
In the coming weeks, activities will include detailed geological mapping, and follow-up rock chip and channel sampling and the channel sampling within the identified areas of interest within the property. Mercer Gold plans to commence a 5,000-meter drill program at the Guayabales project in mid-October.
Mercer’s geochemical samples were collected in accordance with accepted industry standards and procedures. The samples were submitted to the ISO 9001:2000 accredited SGS Laboratories in Medellin, Colombia for analysis: gold was analyzed by fire assay with an AAS finish, and multi-element analyses were determined by ICP MS/AAS techniques. Mercer conducts routine QA/QC analyses and analysis of all assay results, including the systematic utilization of internal duplicate samples, blanks samples and certified reference materials.
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 in 2010. Mercer is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.

New Gold Inc. (AMEX:NGD) recently reported an update on the second quarter performance of the company’s three operating assets, with 2010 second quarter gold sales of 82,402 ounces at a total cash cost(1) of $490 per ounce, net of by-product sales. The preliminary production, sales and total cash cost information provided are approximate figures and may differ slightly from the second quarter earnings results.
New Gold is an intermediate gold mining company with the Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia. The company is expected to produce between 330,000 and 360,000 ounces of gold in 2010, growing to over 400,000 ounces in 2012. In addition, New Gold has a strong portfolio of development and exploration assets in North and South America.
Yamana Gold, Inc.(NYSE:AUY) is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina, Chile, Mexico and Colombia.
Yamana Gold plans to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the advancement of its exploration properties and by targeting other gold consolidation opportunities with a primary focus in the Americas.
Yamana Gold reported that it has further increased its dividend. All dollar amounts are expressed in United States dollars unless otherwise specified.
Yamana Gold’s Board of Directors has approved an increase in Yamana’s dividend to an annualized $0.08 per share, or $0.02 per share per quarter. This represents a 100 percent increase over the 2009 annualized dividend of $0.04 per share, or $0.01 per share per quarter and a 33 percent increase over the annualized dividend increase to $0.06 per share, or $0.015 per share per quarter announced last quarter.
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