GOLD – Aldrin Resource Corp. Aug. 18 reported the start of core drilling on its Longline gold project, located in the Dawson mining district of the Yukon about 60-kilometres west of Kinross’ White Gold Project. Aldrin’s initial focus will be on drilling a northeastern structure that showed gold values in quartz vein material of up to 2.04 g/t gold. The company recently added 67 quartz claims to the Longline project, bringing the entire property holdings to 263 quartz mining claims.

Aldrin President and CEO Johnathan More said, “Aldrin is optimistic about the potential for discovery on its Longline project given the occurrence of an extensive gold in soil anomaly containing gold-bearing quartz veins. Furthermore, the Longline project is proximal to some of the richest gold placer deposits in the Yukon.”

Aldrin holds an option to acquire a 100 percent interest in the Longline property from Ryanwood Exploration Inc. Three gold-in-soil anomalies (North, Central and South) have been identified on the Longline property. The anomalies are up to 1.8 kilometers long by up to 500 meters wide. The zone containing the three anomalies is nearly 12 kilometers in length in a north-south alignment. The property is situated 30 miles from the Alaska-Canada Highway and has winter road accessibility. There is an airstrip within 3 kilometers of the property. Prior to beginning this field season’s drilling program, a soil sampling and reconnaissance geological mapping program was completed and about 300 samples were collected from shallow prospect pits and float material. The shallow pits were excavated within the North and South anomalies, previously defined by Ryanwood Exploration, and are coincident with a magnetic geophysical anomaly. Soil samples from a close-spaced grid are being collected at this time from the Central anomaly. Outcrop is non-existent on the Longline property. The terrain is essentially flat and unglaciated and the quartz boulder material is either in-situ or has not been transported any significant distance. Quartz vein float material was discovered during this season’s exploration work that appears to be derived from a northeast-trending structure. The structure is about 30-metres wide by 500-metres in length. Trenching in the vicinity of a large block of the quartz boulder material suggests that the structure is shallow-dipping and two samples collected from float material returned values of 1.85 and 2.04 g/t gold with arsenic in the 6,000 parts-per-million range. The first drill holes will be aligned to test this structure.

Host rock in the Longline property appears to be a multi-phase intrusive complex of medium-grained, equigranular hornblende-biotite granodiorite cut by younger felsic and mafic dikes and quartz veins. Mineralization includes sulfides and iron oxides which occur in narrow laminae within the quartz boulders and intrusive host rock. Concentrations of sulfides vary from trace amounts to greater than 10 percent within the quartz boulders. Disseminated sulfides also occur in the wall rocks adjacent to the veining. The Longline property is located in a very prospective area and is proximal to some of the richest gold placer deposits in Yukon. Numerous active placer mines occur down slope from the Longline claim block, both in Yukon and on the Alaska side of the border. Some of these placer mines have been in continuous operation for more than 25-years. Located up drainage from producing placer deposits and coupled with the occurrence of an extensive gold in soil anomaly containing gold-bearing quartz veins, Aldrin is optimistic about the potential for discovery on its Longline project.

GOLD – Aldrin Resource Corp. Aug. 17 said it completed a 2000-metre drill program on the company’s Keystone gold project located in the Mayo district of Yukon Territory. Twelve core holes were drilled to test a 3-kilometers-long by 1-kilometer-wide, or 1.86-mile-long gold by .62-mile-wide, in-soil anomaly. Assay results have been received from all 12 holes. Previous exploration work on the Keystone property had identified an anomalous gold/arsenic/antimony mineralized trend that measured about 3.2 kilometers, or 2 miles, long by as much as 1.5 kilometers, or 1 mile, wide that contained several parallel structures. Anomalous gold values of up to 2.6 g/t were reported in soils. These anomalous gold values coincided with high arsenic (up to 10,000 ppm) and antimony (up to 2,000 ppm) values. The program demonstrated that a strongly silicified structural corridor is present. The structure is characterized by highly anomalous arsenic values and occasionally contains anomalous gold. Overall the results indicate that the structures and surrounding host rock contain several continuous zones of low grade (less than 1 gram per metric ton) gold mineralization.

Several hundred outcrop samples were collected from exposures scattered within the anomaly and a geological mapping program also was completed. Aldrin enlarged the existing soil sample grid during the late summer and when results are received, the company will evaluate future plans and the overall economic potential of the Keystone Project. “Although we have recovered lower-grade gold assay results, we have positively discovered a gold system. More work will be required to fully understand the nature of the system we are dealing with. We also have substantially increased the size of our gold-arsenic-antimony mineralized trend. We are well financed and are looking forward to drilling our other projects this summer,” said Aldrin President and CEO Johnathan More. The company has four advanced stage gold exploration projects located in the Yukon and three are within the White Gold district. The Keystone project is the only project that the company controls that is not in the White Gold, Dawson mining district.

COPPER/GOLD/SILVER – Capstone Mining Corp. Aug. 17 reported assay results for three holes drilled in the newly discovered copper-gold Wildfire Zone at its Minto Mine in west-central Yukon Territory. Follow-up drilling continues with two drills on Wildfire and the 2010 exploration budget has been increased by a further C$1.5 million to allow systematic drill testing of this prospective discovery and other targets generated from a deep penetrating IP survey completed in 2010. Highlights of intercepts in the recent drilling at Wildfire include hole 10SWC-639 started at 76.7 meters that averaged 1.6 percent copper, 0.72 g/t gold and 5.0 g/t silver over 17 meters and 10SWC-642 started at 105.5 meters that averaged 2.49 percent copper, 1.88 g/t gold and 10.4 g/t silver over 9.8 meters (including 5.2 meters grading 2.99 percent copper, 1.98 g/t gold and 13.6 g/t silver). “The high-grade Wildfire copper-gold discovery at Minto continues to spread,” said Capstone President Stephen Quin. “With an additional C$1.5 million in exploration funds, we are positioned to systematically drill test the entire anomaly, as well as begin the evaluation of a number of other prospective targets identified during the recent geophysical survey.” As reported July 15, Capstone started construction of a network of drill roads over the Wildfire-Copper Keel area in order to facilitate the evaluation of the Wildfire Titan-24 chargeability anomaly that measures more than 900 meters north-south by more than 250 meters east-west. With drill roads now established, two drills are systematically drilling on four east-west orientated sections across the Wildfire-Copper Keel chargeability anomaly, with each section line spaced about 80 meters apart (north-south). The objective of this program is to establish the geographic extent of the Wildfire mineralization and to attempt to link the Wildfire mineralization to that at Copper Keel, to the northwest. To date 23 holes have been completed and results released for four holes. The third drill continues delineation drilling at Minto East, but is expected to complete this work within two weeks, and will then move on to testing other targets. Also, as reported June 23, Capstone undertook a property-wide Titan-24 deep penetrating induced polarization survey. Due to the discovery of, and the subsequent expanded testing at Wildfire, funds that were intended to drill test these other Titan-24 anomalies were diverted to evaluating the Wildfire discovery. In order to ensure that Capstone can still drill test several other new and untested anomalies identified in the survey, an additional C$1.5 million dollars in exploration spending has been approved, the second increase this year. This brings the total exploration commitment to C$7 million, the highest annual exploration commitment for the Minto Mine and a reflection of the company’s belief that significant opportunities exist for continued increases of mineral resources and mineral reserves, Capstone said. The company is awaiting a final report on inversion modeling of the Titan-24 data and intends to make it available shortly.

FINANCE – Golden Predator Corp. Aug. 17 reported the closing of a non-brokered private placement of 6,184,000 units at a price of US50 cents per unit, for gross proceeds to the company of nearly C$3.1 million. Each unit consists of one common share of the company and one half of one share purchase warrant. Each full Warrant entitles the holder to purchase one additional share at a price of C80 cents until Aug. 16, 2011. In connection with the private placement, William M. Sheriff, chairman and CEO of the company, participated in a “gypsy swap” transaction in which he sold 1.424 million common shares in pre-arranged trades through the facilities of the Toronto Stock Exchange, and thereafter purchased 1.424 million units in the private placement. The 712,000 warrants issued to Sheriff may not be exercised until approved by the shareholders of the company, in accordance with the rules of the TSX. Proceeds of the private placement will be used for general working capital purposes. Golden Predator has an extensive Yukon property position with an industry-leading seven advanced exploration gold projects comprising more than 800 square kilometers, or 308.8 square miles. Drill programs have begun on the Clear Creek, Gold Dome, Brewery Creek, Eureka and Antimony projects, and drilling is planned to soon start at the Cynthia project.