MANAGEMENT/FINANCE – Bearing Resources Ltd. Dec. 19 reported the appointment of Paul Reinhart as manager of corporate relations. Reinhart will be responsible for raising the profile of the company and managing corporate communications to external stakeholders. A former National Hockey League player, Reinhart retired in 1990 to focus full time on his business interests. He has been primarily an entrepreneur/investor and has also acted as a capital markets advisor primarily focused in the mineral exploration and medical devices industries. In addition to investing in several successful early stage development companies, Reinhart has been a founding director and/or officer in various companies including Angiotech Pharmaceuticals, Kokanee Explorations, Chapleau Resources (now Magellan Minerals) and Far West Mining (recently acquired by Capstone Mining Corp. for about C$700 million). In connection with this appointment, the company announced a non-brokered private placement of up to 428,572 units. Each unit will be comprised of one common share of the company and one half of a purchase warrant. The units will be offered at a price of C42 cents per unit for proceeds of up to C$180,000. Each whole warrant will be exercisable for one share of the company for 12 months from the closing date of the offering at an exercise price of C60 cents. Prior to this financing, expected to close in early January, Reinhart did not hold an equity position in Bearing. All securities issued pursuant to the private placements will be subject to a four-month hold period. The proceeds from the financing will be used to fund the company’s planned exploration programs in the Yukon, British Columbia, Mexico and for general working capital. Bearing has granted to employees of the company an aggregate of 220,000 incentive stock options at an exercise price of C38 cents per option. The options will vest over a two-year period from the date of grant. The grant of the options is subject to the final approval of the TSX Venture Exchange.

GOLD – Klondike Gold Corp. Dec. 16 reported that its associated company, Lonestar Gold Inc., has completed an NI 43-101-compliant geology and summary report of the Lone Star Claim Group. The report was authored by T. Liverton, Ph.D., C. Geol, FGS. The Lone Star Crown Grant (7) and 699 quartz claim block under option to Lonestar covers the region from El Dorado Creek to Bonanza Creek and north to Boulder Creek, much of the historical placer gold field. Nineteenth century prospecting resulted in the discovery of quartz-vein associated gold on the ridges containing the Lone Star and Violet lodes. This resulted in the development of underground and open cut workings on these two properties. The report summarizes the exploration program to date and provides an introduction to the setting of gold mineralization within the Lone Star property. Lonestar operates the Lone Star property under an option from Klondike Gold Corp.and Klondike Star Mineral Corp., where it can earn up to a 100 percent interest in stages. Klondike Gold recently offered shareholders of Lonestar Gold shares of Klondike Gold at a ratio of three Klondike Gold shares for one share of Lonestar Gold.

FINANCE – Goldstrike Resources Ltd. Dec. 17 said Aberdeen Gould Capital Markets Ltd. has arranged a financing for the company by way of non-brokered private placement with subscriptions to raise C$1,450,800 from the sale of 2,418,000 common shares at the price of C60 cents per share, of which 2,318,000 shares will be flow-through shares for the purposes of the Income Tax Act (Canada) and the remaining 100,000 shares will be non-flow-through shares. Goldstrike plans to use net proceeds from the flow-through portion of the offering for exploration of its Yukon mineral properties and proceeds from the non-flow-through portion of the offering for general working capital.

MANAGEMENT – Goldstrike Resources Ltd. Dec. 16 said has adopted a shareholder protection rights plan adopted after the unanimous approval of its shareholders at the company’s annual general and special meeting on Dec. 15. Goldstrike shareholders also re-elected Reimar Koch, Lawrence (Larry) Dick and Yilu (Lucy) Zhang to its board of directors and elected Terrence (Terry) King as a new director to replace Ian Adam, who will remain with the company in an advisory capacity. At a post-AGM meeting of directors, King was appointed CEO and chairman of the board. King is a principal of the Vancouver law firm Holmes & King, and has a background in corporate finance and securities. He has served as director and/or officer of, and advisor to, numerous public companies carrying on mineral and oil and gas exploration activities over the past 25 years, and is currently CEO and a director of Petro One Energy Corp.

GOLD – Kestrel Gold Inc. Dec. 16 said results now compiled from trench sampling at the King Solomon Dome property south of Dawson City confirm the existence of high-grade gold mineralization on the known Sheba-Mitchell vein trend and beyond. King Solomon Dome is one of several properties that Kestrel has optioned in the White Gold mining district. The explorer said a 2011 soil geochemistry program on the property combined with pre-2011 geochemical results revealed a large gold anomaly more than 1,600 meters in strike length and almost 1,000 meters wide. Twenty-three samples (including field twins) obtained from Kestrel’s 1,000-meter 2011 trenching program (consisting of 22 trenches), returned gold values above 2 grams per metric ton gold (several with silver values above 50 g/t silver) and are well distributed over a large area. The highest gold value obtained was 17.1 g/t gold (chip sample over 0.19 meters) in Trench 2-U about 135 meters southeast of the Mitchell Shaft. Based on the 2011 trench sampling alone, the estimated strike length of the structurally controlled discordant quartz vein system thought to be responsible for the presence of this high grade gold, is more than 1,700 meters long with a width of at least 400 meters. This width is measured from gold mineralization in Trench 12-D south of the Sheba workings to a newly defined “Sheba West” zone crossed in part by Trenches 11-V and 9-W. North-northwest trending brittle “D4” structures that cut through existing structural fabrics of the Klondike Schist host rocks, are believed to be the dominant gold-bearing conduits and can be traced from trench 16-L (north of the Mitchell shaft where a select sample of 8.19 g/t gold was obtained) a distance of 1,700 meters south-south east, to trench 12-D.. In the 2011 trenches, the ‘D4’ veins are up to 1 meter in thickness and are generally vertical to moderately dipping to the east. Kestrel said the results from the 2011 program are particularly encouraging as the orogenic gold model that is being applied is consistent with the size and continuity of what has been discovered to date on the ground. The model incorporates the reasoning that analogous orogenic gold deposits in other parts of the world often have sizable depth and strike lengths. These results do not preclude this possibility at King Solomon Dome, the company added.

GOLD – Kestrel Gold Inc. Dec. 13 reported results complied for its 2011 soil geochemistry program on the Gulf property, south of Dawson City. The sampling focused on regional coverage of claims in the northern and eastern parts of the property and on extending a 1,000-meter-long northwest trending discontinuous yet persistent soil geochemical gold anomaly that includes five soil values exceeding 100 parts per billion gold (up to 965 ppb). Rocks also were sampled from hand dug pits above Scribner Creek to check the validity of previously sampled high-grade localized gold areas along this trend. This was achieved with 11 selective grab samples collected in a locality near where a 51.2 g/t gold selective grab sample was previously reported. Scribner Creek has past placer workings downstream of this area. Four of the 2011 rock samples returned values greater than 1 gram per metric ton gold with a maximum of 5.2 g/t gold from localized rusty quartz vein material hosted in chlorite-sericite-iron oxide altered mixed schists and meta- granites. In the soil geochemical survey, the highest gold value was 190 ppb gold in a spot high near a tributary branch of Scribner Creek - effectively extending the zone of greater than 100 ppb gold soil anomalies another 200 meters to the northwest. The linear gold anomaly now spans distance of 1,200 meters on the northeast side of and parallel to Scribner Creek. An arsenic anomaly extends out from the 190 ppb sample at least 100 meters further along the Scribner Creek drainage with additional spot highs in the head waters of the creek (arsenic anomalies in soil also occur in the northwest trending anomalous gold zone). Further north east in the head waters of the Scribner Creek drainage, are broader moderate lead, copper and zinc anomalies. It is not clear at this stage what the cause of these might be. The exploration program also found two spot anomalies of 75 ppb gold and 100 ppb gold at the northern end of the property and while the focus of continuing exploration will be on the Scribner gold anomaly, the corporation believes that these areas warrant follow up work as well. A geophysical IP survey has been conducted across part of the Scribner gold anomaly and results are being compiled along with those on Kestrel’s three other Yukon properties, and it is anticipated that the results will be released shortly.