MANAGEMENT – Skyline Gold Corp. Jan. 20 said Susan P. Craig, M.Sc., P.Geo., has joined the company as vice-president of corporate development. Craig is a professional geologist with more than 20 years of experience in exploration and mine development in North America. She was president and founder of Northern Freegold Resources Ltd., a company which outlined multiple NI 43-101-compliant gold resources at the Freegold Mountain Project in Yukon Territory. Prior to Northern Freegold, Susan was land and environmental manager at NovaGold Resources Inc. where she was instrumental in the environmental assessment and permitting of the Galore Creek Project in northwestern British Columbia. During the work at Galore Creek, Craig was part of a team that won an award from the Association of Mining Exploration BC for excellence in social and environmental responsibility. Craig takes an active interest in the associations and groups within the mining industry in British Columbia and the Yukon. Some of her key roles include chairwoman of the Mineral Exploration Roundup Conference, member of the Yukon Mineral Advisory Board and a director of the Yukon Chamber of Mines. “I am extremely pleased that Ms. Craig has agreed to join the management team at Skyline and take on the role of VP Corporate Development. Her skills and abilities will be valuable assets as the company focuses on searching for high-grade gold mineralization similar to the Snip Gold Mine on the company’s Iskut Property in northwest British Columbia,” said Skyline CEO John Zbeetnoff. Craig’s duties will include marketing, investor introductions, establishing relationships with communities and First Nations, advice on baseline environmental work, advice on permit applications and liaison with regulators as well as establishing relationships at political and association levels. In conjunction with her appointment, Craig has been granted 525,000 stock options at an exercise price of C20.5 cents each (C2 cents above the close of market on Jan. 19) and which will have a term of five years; 25 percent will vest immediately and the remainder will vest annually in 25 percent increments over the next three years.

GOLD/SILVER – Colorado Resources Ltd. Jan. 19 said it has received results from the 2011 exploration program completed on its 11,324-hectare (27,982 acres) Hit Property located about 27 kilometers north of Princeton, B.C. The 2011 program consisted of a detailed compilation of all the historic and recent work completed on the Property, followed by a trenching program at the Hit Main Zone. The compilation work indicates that the property covers more than 19 previous Minfile occurrences and has high potential for copper-gold porphyry style mineralization in a geologically similar setting to the Copper Mountain Mine to the south and the Afton Mine to the north. At the Hit Main Zone, gold mineralization occurs in mesothermal quartz veins that are hosted in a 40-meter wide shear zone as demonstrated by previous trenching. The 2011 trenching program exposed a 120 meters by 25 meters portion of the main zone and was channel sampled across its entire width with the channels at 2-4 meters spacing. In total 736 channel samples were collected. A 26-meter section in the southern part of the exposed system was dominated by well mineralized multi-episodic quartz veins that at a cut-off grade of 2.4 grams per metric tons gold averaged 5.58 g/t gold and 56.8 g/t silver over an average horizontal width of 1.4 meters (estimated true width of 1.1 meters). The best interval from this section returned 10.6 g/t gold and 98 g/t silver over an estimated true width of 1.0 meter. A select sample quartz vein material from this interval returned 55.8 g/t gold and 577 g/t silver. The focus of the compilation program was to bring together and analyze all of the historic geophysical data and the geophysical data collected by the company in 2010. The results of this compilation demonstrate that the shear zone that hosts the quartz veins at the Hit Main zone is clearly defined as a linear conductive feature containing several discreet zones of lower magnetic intensity. This feature, called the Hit Shear Zone, is at least 2.5 kilometers in length, extending from south of the Hit showing northwest to the property boundary. Except at the trenched area at the Hit Showing, the Hit Shear zone is covered by glacial till and has never been tested by trenching or drilling. Colorado President and CEO Adam Travis said, “We are encouraged that our trenching program demonstrated the continuity of gold mineralization at the Hit Main Zone and are excited that our geophysical data demonstrates that the known mineralization occurs within a much larger potentially mineralized system.” The company is planning a program of trenching and diamond drilling to test for potentially larger gold mineralized quartz veins along the 2.5-kilometer extent of the Hit Shear zone.

OPTION/GOLD – Eagle Plains Resources and Clemson Resources Corp. Jan. 19 said they have entered into a formal option agreement whereby Clemson may earn an undivided 60 percent interest in Eagle Plains’ Kalum Property located about 35 kilometers (22 miles) northwest of Terrace, B.C. in the Skeena Mining Division. Under terms of the agreement, Clemson will complete exploration expenditures of C$3 million, make cash payments of C$250,000 and issue 1.1 million common shares to EPL over a four-year period. The road-accessible, 21,000-hectare (81 square miles) property is centered upon a large Cretaceous-age granodioritic stock of the Coast Crystalline Complex that has intruded Jurassic to Cretaceous-age sedimentary rocks of the Bowser Lake Group. A number of high-grade, vein-type gold occurrences are associated with the contact zone and magnetic signature of the intrusive stock. These occurrences have been explored by various operators and to various degrees over the past 80 years. All previous exploration efforts have been directed toward the discovery of high-grade stand-alone mineralization. The current Eagle Plains tenure package represents the first time that gold occurrences related to the intrusive stock have been consolidated by a single company. Eagle Plains acquired the property in 2003 and completed significant exploration programs on the property in 2003 and 2004, including a 19-hole diamond drill program. The best drill hole KRC04001, drilled at the Rico showing, which returned 35 grams per metric ton gold over 2.5 meters from 101.8 meters; including a 0.5-meter interval that assayed 107 g/t gold. In addition, historical occurrences on the property were located, sampled and surveyed. All work to date continues to support the interpreted potential for the Kalum property to host both high-grade gold-silver deposits and lower-grade bulk-tonnage type gold mineralization.

GOLD – BCGold Corp. Jan. 18 reported the vesting of an additional 15 percent interest in the Engineer Gold Mine property to the company, bringing its ownership in the property to 75 percent. Under terms of an amended option agreement to acquire the property located 32 kilometers (20 miles) west of Atlin in northwestern British Columbia from Engineer Mining Corp., BCGold has issued 2,105,263 common shares and 100,000 common share purchase warrants to EMC in exchange for the additional interest. The common shares issued are subject to a four-month hold period as imposed by the TSX Venture Exchange. Each warrant will be exercisable to purchase one BCGold common share at a price of C12 cents for up to two years from date of issue. BCGold holds the option to earn a 100 percent interest in the property by electing to either make cash payment of C$400,000, or to issue C$400,000 worth of common shares and 100,000 warrants to EMC prior to Jan. 16, 2013. In 2011, Vancouver-based BCGold continued to advance the Engineer Gold Mine Property and the adjacent Gold Hill property by undertaking C$1.06 million in exploration and development work. The company successfully mined 350 metric tons of bulk sample material from underground workings and an additional 50 metric tons from surface trenching. About 246 metric tons of this material was processed on site using a gravity separation mill, which yielded about one metric ton of gold-rich concentrate as three separate products. The 815 kilograms of table concentrate returned a weighted average grade of 2,140.1 grams per metric ton gold (62.4 ounces per ton), with one subset bulk sample returning 6,485.8 g/t gold (189.2 oz/ton). Assay results are pending for 190 kilograms of sluice and 5 kilograms of high-grade gold stream concentrates. Upon receipt of the remaining assay results, a diluted mining head grade will be calculated for the 246-metric-ton composite bulk sample. Management is highly encouraged by the 2011 program results and is currently planning a similar, considerably larger program with a significant diamond drilling component in 2012. Engineer Mine was a high-grade gold producer that came to peak production in the mid-1920s and ceased operation in the early 1930s with more than 560 kilograms of gold and 278 kilograms of silver officially produced at realized grades exceeding 39 g/t gold and 20 g/t silver, from high-grade epithermal quartz-carbonate veins on six of eight mine levels. There are more than 25 known veins on the property and only four have undergone limited production and exploration to date. All veins remain open at depth and little exploration has been conducted deeper than 200 meters below surface. BCGold consolidated its land position around Engineer Mine in 2010 by signing an option agreement to acquire a 100 percent interest in the adjacent 2,100-hectare (5,189 acres) Gold Hill property. BCGold’s 2011 exploration and bulk sampling program was phase 1 of a two-phase, three-year, C$10.2 million exploration and development program recommended by Snowden Mining Industry Consultants Ltd. in its April 2011 NI 43-101 technical report for the Engineer Gold Project.