Covenant Resources Signs Definitive Agreement for Acquisition of 41,500 acres in the Alberta Basin, Montana

Covenant Resources Signs Definitive Agreement for Acquisition of 41,500 acres in the Alberta Basin, Montana

Covenant Resources Ltd. (CVA - CNSX), ("Covenant" or the "Company") wishes to announce the signing of a Definitive Agreement with Damont Energy Inc. ("Damont") for the acquisition of oil and gas leases in Montana.

Pursuant to the Letter of Intent announced on August 11, 2010, the Definitive Agreement has been executed by the parties for Covenant to acquire Damont's right, title and interest in 41,500 net acres of oil and gas leases in "The SweetGrass Arch" Prospect located in Toole and Pondera Counties, Montana. The SweetGrass Arch (Alberta Basin) prospect has significant gas potential as well as Bakken oil potential.

Read more...

Bayfield Correction Increases Drill Hole from 2.70 g/t gold to 5.08 g/t gold over 81m in Rainy River, NW Ontario

Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") is issuing a correction to it's news release dated September 7(th) reporting an additional high grade gold discovery on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated immediately to the east and on strike to Rainy River Resources' (TSX-V: RR) gold project.

Rainy River gold properties claims map: http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

Bayfield incorrectly reported yesterday that drill hole RR10-18, from 488 metres to 569 metres, returned 2.70 g/t gold over 81 metres when the news release should have stated 5.08 g/t gold over 81 metres.

Read more...

Fronteer Gold Intersects 33 Metres of 5.96 g/t Gold and Begins Decline Work at Northumberland

Fronteer Gold (TSX: FRG)(NYSE Amex: FRG) announces today that core drilling continues to define a second high-grade, gold-silver zone and that site preparation for the decline portal has commenced at its wholly owned Northumberland project in Nevada.

Holes NUG05 and FNU38 are located 75 metres north and 105 metres south-west, respectively, of previously reported FNU035 (see August 3, 2010, press release). Both new holes returned high-grade gold and silver values. Mineralization now extends for an average strike length of 260 metres within the currently outlined second high-grade zone.

Read more...

Keegan Discovers New Zone at Esaase Gold Project, Southwest Ghana

Keegan Resources Inc. (TSX: KGN)(Amex: KGN) ("Keegan") is pleased to announce new assay results from its Esaase Project drilling program in southwest Ghana. Keegan received assays from 12 drill holes, revealing a new near surface zone 200 m NW from the existing Esaase resources. Intercepts include 9 meters at 5.65 g/t Au, 18 meters of 1.16 g/t Au, and 6 meters of 3.3 g/t Au. The zone is open in both strike directions and at depth. Please see a drillhole location map at www.keeganresources.com.

Table 1: Recent results from step out drilling from Keegan's Esaase Project. Only intercepts with grade-widths of greater than 10 g/t meter Au are shown. Intercepts with grade-widths of approximately 20 g/t meter Au or higher are show in bold text. Widths are given as measured down hole and grades are reported in g/t Au. All holes are drilled at an azimuth of approximately 110 degrees at a dip of 45 degrees so depth from surface is approximately 70% of drill hole depths.

Read more...

Ventana Reports Additional La Bodega Project Drill Results Including 21 m of 11.9 gpt Gold in La Mascota Zone and 15 Metres of 7.8 gpt Gold in La Bodega Extension

Ventana Gold Corp. (TSX: VEN) ("Ventana" or the "Company") is pleased to announce drill results from 19 additional holes at the La Bodega gold project in Colombia. Results from 15 of these holes are reported here and a complete listing of drill intercepts is available on the Company's website at www.ventanagold.com.

Five of the new holes reported here (254, 262, 268, 274 and 280) are infill holes in the La Mascota zone; three of the new holes (259, 267, 276) are southwest infill holes on the El Cuatro mineral tenement; six holes (263, 264, 266, 271, 277 and 279) are extensions of the La Bodega zone toward the La Mascota zone; and one hole (283) is located on the newly discovered Aserradero zone southeast of La Mascota. Refer to the attached map and cross sections for details: http://media3.marketwire.com/docs/ven97c.pdf

Read more...