Gold Seeker Closing Report: Gold and Silver End Slightly Lower While Stocks Plunge To New Lows

	Close	Gain/Loss
Gold	$938.60	-$3.00
Silver	$13.05	-$0.06
XAU	110.03	-7.63%
HUI	268.22	-7.46%
GDM	851.57	-6.97%
JSE Gold	2714.45	+47.28
USD	88.88	+0.82
Euro	125.70	-1.01
Yen	102.75	+0.25
Oil	$40.15	-$4.61
10-Year	2.919%	-0.122
T-Bond	126.015625	+1.40625
Dow	6763.29	-4.24%
Nasdaq	1322.85	-3.99%
S&P	700.82	-4.66%

Gold and silver rose $16.40 and $0.27 to as high as $958.00 and $13.38 by late trade in Asia before they fell back off in London to see losses of $11.05 and $0.403 at as low as $930.55 and $12.707 by about 10-11AM EST in New York, but they then rallied back higher in the last few hours of trade and gold ended with a loss of just 0.32% while silver ended with a loss of 0.46%.

Euro gold rose to about €746, platinum lost $8.50 to $1066.50, and copper lost a couple of cents to about $1.51.

Gold and silver equities fell over 7% by late morning before they rebounded a bit heading into the afternoon and traded only about 3% lower midday, but they then fell back off into the close and ended near their earlier lows with roughly 7% losses.

Report	For	Reading	Expected	Previous
Personal Income	Jan	0.4%	-0.2%	-0.2%
Personal Spending	Jan	0.6%	0.4%	-1.0%
Core PCE	Jan	0.1%	0.1%	0.0%
Construction Spending	Jan	-3.3%	-1.5%	-2.4%
ISM Index	Feb	35.8	33.8	35.6

Tomorrow at 10AM EST is the Pending Home Sales report for January expected at -3.5%.

Oil fell over 10%, treasuries climbed, and the U.S. dollar index rose to its highest in almost three years while the Dow and S&P plunged over 4% further to their lowest levels since 1997 on increased worries over the economy and the banking system as AIG required and received yet another bailout from the government after reporting the worst loss of any U.S. company, ever. Increased worries started overnight in Europe as HSBC “reported a 70 percent drop in 2008 net profit and said it would raise $17.7 billion in new capital through a share issue, while cutting 6,100 jobs as it shutters consumer loan businesses in the U.S.”

Among the big names making news in the market today were HSBC, AIG, Freddie Mac, International Paper, Goldman Sachs, JPMorgan, Genentech, GM, and Chrysler.

“As bad news continues to rattle global confidence in its financial system, we see two repeating facets of the decay. First the announcement of the next phase of bad news send markets lurching lower and sidelines investors as they absorb the consequences. Second, the natural optimism gets used to the news assumes that it is now at its worst and looks on the bright side, unready for the next shockwave. Then the process is repeated. Over time investors turn to gold and silver even more as a safe place to go as uncertainty grips even harder. When the bad news hits all markets, including gold and silver fall initially because as long-term investors pause in their purchases, traders read the market as ready to fall and move in to take prices down. But long-term investors are not sellers at this point.

As investors factor in the bad news support grows for safe-haven investments and investments re-emerge taking prices either consolidative or higher. Volatility becomes the hallmark of all markets. As fear breeds fear, so volatility breeds volatility.

Whereas the picture of a decaying U.S. has dominated the investment world, the focus is now turning to the Eurozone. The € was treated last year as a counter to a weak $, but as potentially far worse news for the € threatens the very monetary unity of Eurozone, we see Europeans turning to gold as never before. Now the weakness of the € joins the weakness of the $ in pointing to a globally deflating world. In jerks and lurches the global economic crisis decays, but gold after pausing and becoming as volatile as other markets, will turn upwards as a counter to currencies.”- Julian D.W. Phillips, www.goldforecaster.com

Talk about a roller coaster ride in the gold market – up strongly overnight, down during the early New York session and then back up again after noon in New York before settling slightly lower on the day. Gold was caught in a crossfire between safe haven buying and a huge, and I do mean HUGE, dumping of commodities across the board. The only commodity that I could see that was up was natural gas and that was mainly due to the cold weather snap currently hitting the Northeast – everything else was smacked and smacked hard as funds unloaded everything as the US equity markets imploded.

The gold shares as indicated by the HUI and the XAU were down 20 points and 10 points respectively at one point early in the session before both indices cut their losses in half by late in the morning. They are currently weaker but well off their early lows as I write this.

Bonds once again received the usual lemming like response to plunging stocks after going through a brief period last week in which they were moving lower alongside of equities. It seems as if old habits die hard. Those buying bonds are going to be taught a painful lesson as the upcoming massive supply surge will continue to weigh on Treasuries, particularly the long end. For today however, the bond bulls are in charge as they squeeze out all the shorts and produce a sharp, short-covering rally.

The equities are now trading at 12 year lows after violating key support levels in the overnight trading in the futures pit. That brought in more selling during the course of normal trading hours which utterly mauled them. Investors are reacting to the news surrounding AIG and the inept manner in which the feds are handling this entire financial debacle. I have said it before and will say it again - the market has lost all confidence in the new administration as the policies they are following are a recipe for economic disaster. Soaring, out of control, indeed, wild-eyed spending, talk of elimination of home mortgage interest deductions, daily bashing of producers and achievers, tax hikes, confusing statements from various policy makers and officials, all have led to an attitude that looks to be approaching total despair. I know of several small business owners who have told me categorically that there is no way in hell that they are going to hire anyone new because they do not trust what the feds are going to do next. You are talking about the chief source of new job creation in this nation and those folks have had enough already of this new administration after not even being in power for two months! Hold onto your hats – it is just going to get worse if the past month is any indication of what we can expect.

Remember, markets attempt to put emotions aside when evaluating policy and act accordingly and they have voted with their feet. As such, I can easily see a breach of major support in the S&P of 700 and a fast plunge in the Dow to near 6,000 at the current rate of selling. What has to wonder exactly what news might arise that can stem the loss of confidence and arrest the growing attitude of despair. I should also note one thing – shares of a certain handgun manufacturer are trading strongly higher. Looks to me like many Americans are “getting it”.

Back to gold since it has been affected by the movement in the equity markets and will continue to be for the foreseeable future. The selling originated from fund sources whose computer selling programs indiscriminately dumped a wide basket of commodities across the board. That selling is quite large as can be seen by the extent of the price moves in other commodity markets. Sugar was slammed alongside of crude oil which then hit corn which spread to the bean pit. Wheat was crushed by the rally in the dollar which looks to be embarking on a bull run if it can push through very strong resistance that lies up near the 92 level on the USDX. The Dollar rally will not last but for now, it is wining the safe haven flow race merely by default because it is so bad everywhere else. I find it ironic that the source of this economic contagion, most notably the US, is not somehow perceived to be the best place to shelter one’s wealth. Scary isn’t it?

While not exactly anything to get excited about, I view gold’s ability to withstand the commodity-wide selling onslaught as impressive. It is hard to understate the extent of the selling that hit these markets today. To see buyers be able to absorb all that selling and push the market high enough to actually get it into positive territory is a notable achievement even if the bulls failed to secure a positive pit session close. Buyers of physical gold take note – if you want to acquire the physical metal do it when prices are down.” - Dan Norcini, More at JSMineset.com

“April Gold closed down 2.5 at 940. This was 7.5 up from the low and 12 off the high.

March Silver finished down 0.035 at 13.05, equal to the high and equal to the low.

The gold market apparently took a pause from its flight to quality status as the stock market was under severe duress and yet gold was unable to hold up. With a low to high range on Monday of roughly $28 an ounce in April gold it seemed like the fear of severe slowing and or a sharply higher US Dollar was serving to push some longs out of gold. With oil prices down sharply and a host of physical commodity markets under pressure it is possible that gold was seeing some profit taking by longs that were fearful of an October/November style deflationary washout. In fact, despite the obvious threat of massive safe haven interest in gold, there would also seem to be a portion of the market fearful of too much slowing.

After showing early signs of strength the silver market gave up the early gains and actually managed a fresh new low for the move. The market seemed to garner some support from the $13.00 level on the charts but there also appeared to be some spillover selling pressure from the reversal in the gold market and the overt weakness in the equity market. It also seemed as if weakness in a host of physical commodity markets added to the liquidation effort in the silver market at the start of the new week.”- The Hightower Report, Futures Analysis and Forecasting

Note: Change in Total Tonnes from yesterday’s data: The LSE subtracted 0.16 tonnes and NASDAQ Dubai opened up with their addition of 0.16 tonnes.

Note: Change in Total Tonnes from yesterday’s data: 122.67 tonnes were removed from the trust.

Ivanhoe’s (IVN) mine financing, Jaguar’s (JAG) closed offering, Midway’s (MDW) updated mineral resource estimate, Claude’s (CGR) production and costs guidance, Rubicon’s (RBY) permits, Minco’s (MGH) assay results, US Gold’s (UXG) drill results, Banro’s (BAA) 43-101 report, Imperial’s (III.TO) drill results, ITH’s (THM) drill results, Keegan’s (KGN) assay results, Royal Gold’s (RGLD) and Goldcorp’s (GG) dividends, Aura Silver’s (AUU.V) drill results, Mines Management’s (MGN) Environmental Impact Statement, and SNS Silver’s (SNS.V) LOIs for the Sunshine mine and for two Central Idaho Gold Projects were among the big stories in the gold and silver mining industry making headlines today.

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

Royal Gold Announces Second Quarter Dividend - "ROYAL GOLD, INC. (Nasdaq: RGLD - News; TSX: RGL - News), the leading precious metals royalty company, today announced that its Board of Directors has declared its second quarter dividend of $0.08 per share of common stock. The dividend is payable on April 17, 2009 to shareholders of record at the close of business on April 3, 2009. The Company has paid dividends since 2000." More
- March 02, 2009 | Item | E-mail

Encouraging Silver-Gold Results from Drilling at Mirasol's Joaquin Project - More
- March 02, 2009 | Item | E-mail

Pediment Gold Corp. Lists on TSX - More
- March 02, 2009 | Item | E-mail

Ivanhoe Mines CEO optimistic on mine financing - "Ivanhoe Mines' (IVN.TO) chief executive said on Monday that financing for its Oyu Tolgoi copper and gold project in Mongolia should not be a problem, despite tight credit conditions and a cost-cutting campaign at strategic partner Rio Tinto (RIO.L)." More
- March 02, 2009 | Item | E-mail

SNS Silver Enters LOI for Central Idaho Gold Projects - "SNS Silver Corp. (CDNX:SNS.V - News) is pleased to announce that it has entered two Letters of Intent with Premium Exploration (CDNX:PEM.V - News) ("PEM"), to jointly develop and explore two Central Idaho Gold Projects, Buffalo Gulch and Friday/Petsite." More
- March 02, 2009 | Item | E-mail

Gowest Confirms Additional Gold Mineralization at Frankfield Deposit - More
- March 02, 2009 | Item | E-mail

Goldcorp Declares Third Monthly Dividend Payment for 2009 - "GOLDCORP INC. (Toronto:G.TO - News)(NYSE:GG - News) is pleased to declare its third monthly dividend payment for 2009 of $0.015 per share. Shareholders of record at the close of business on Thursday, March 12, 2009 will be entitled to receive payment of this dividend on Friday, March 20, 2009. Goldcorp has paid a monthly dividend to its shareholders since 2003." More
- March 02, 2009 | Item | E-mail

Inspiration Intersects 0.445% Ni Over 119.69m or 392.68ft Containing 1.462% Ni Over 5.14m or 16.86ft and 1.389% Ni Over 3.21m or 10.53ft (True Width) - More
- March 02, 2009 | Item | E-mail

Terra Ventures Inc.: Hathor Drills 15 Metres of 12% U3O8 at Roughrider Zone - More
- March 02, 2009 | Item | E-mail

Solex to buy remaining stake in uranium project in Peru - More
- March 02, 2009 | Item | E-mail

Zazu's Remaining Assays From the 2008 Program - More
- March 02, 2009 | Item | E-mail

American Bonanza Gold Corp.: Highest Grades Drilled to Date at Copperstone - More
- March 02, 2009 | Item | E-mail

Cogitore Resources' Scott Lake Property: InfiniTEM Survey Reveals Impressive Discovery At 450 m Deep - More
- March 02, 2009 | Item | E-mail

Jaguar Mining Closes Cdn.$86,273,000 Offering - "Jaguar Mining Inc. ("Jaguar" or "the Company") (JAG: TSX/NYSE Arca, JAG.NT: TSX) has closed its previously announced public offering of common shares. The offering was underwritten by a syndicate of underwriters led by RBC Capital Markets and Blackmont Capital Inc. and included TD Securities Inc. and M Partners Inc. Pursuant to the offering, Jaguar issued 13,915,000 common shares (which includes 1,815,000 shares issued pursuant to the exercise in full of the over-allotment option granted to the underwriters) at a price of Cdn.$6.20 per share for gross proceeds of Cdn.$86,273,000." More
- March 02, 2009 | Item | E-mail

Aurora Reports 2008 Annual Results - More
- March 02, 2009 | Item | E-mail

Gold Discovery Announced Within Soltoro's Quila Claim Currently Optioned to Southern Silver - More
- March 02, 2009 | Item | E-mail

Canada Lithium Corp. Advances Lithium Carbonate Metallurgical Process - More
- March 02, 2009 | Item | E-mail

Vena Resources Receives Environmental Permit for Azulcocha Mine - More
- March 02, 2009 | Item | E-mail

Sulliden Exploration Inc. - Shahuindo Dispute Settled - More
- March 02, 2009 | Item | E-mail

Silvore Fox Minerals Corp. Announces Property transaction - More
- March 02, 2009 | Item | E-mail

Cloudbreak Initiates Drill Project Planning - More
- March 02, 2009 | Item | E-mail

Silvore Fox Minerals Corp. Announces Option and Joint Venture Agreements - More
- March 02, 2009 | Item | E-mail

Silvore Fox Minerals Corp.: Announces Purchase of Net Smelter Royalty Percentage - More
- March 02, 2009 | Item | E-mail

Timmins Gold Announces $10 Million Financing - More
- March 02, 2009 | Item | E-mail

Manicouagan Announces Project and Corporate Update - More
- March 02, 2009 | Item | E-mail

Geodex Announces Completion of an Updated Preliminary Economic Assessment Report on Its Sisson Brook Tungsten-Molybdenum Deposit, New Brunswick - More
- March 02, 2009 | Item | E-mail

Santa Fe Gold Corp Dual Lists on the Frankfurt Stock Exchange - More
- March 02, 2009 | Item | E-mail

Castle Gold M&A Committee Update and Shareholder Rights Plan - More
- March 02, 2009 | Item | E-mail

Aurora Announces Results of 2008 Baker Lake Basin Exploration Program - More
- March 02, 2009 | Item | E-mail

Quaterra Announces Initial Resource Estimate for the Nieves Silver Deposit - More
- March 02, 2009 | Item | E-mail

Cypress & Skyharbour Drilling Encounter Finn Zone on Broulan Reef Gold Project, Bruce Channel / Red Lake, NW Ontario - More
- March 02, 2009 | Item | E-mail

Victoria Gold Advancing the Helen Zone: Growth Plans Defined - More
- March 02, 2009 | Item | E-mail

Premier adds second drill at PQ-North - intersects mineralized zones - More
- March 02, 2009 | Item | E-mail

Helio intersects widest zones of mineralisation to date from the Porcupine Target, SMP Gold Project, Tanzania - More
- March 02, 2009 | Item | E-mail

Horsehead Holding Corp. Announces Fourth Quarter 2008 Earnings - More
- March 02, 2009 | Item | E-mail

Augusta Appoints Gordon Jang as Vice President and Controller - More
- March 02, 2009 | Item | E-mail

Inter-Citic Reports on First Stage Metallurgical Results From Its Dachang Gold Project - More
- March 02, 2009 | Item | E-mail

Semafo: Update on Last 2008 Deep Drilling Program Over Wona Extension - Gold Values Include 60 Meters at 3.92 g/t Au - More
- March 02, 2009 | Item | E-mail

Medallion Arranges $2 Million Private Placement with Jordan Capital Markets - More
- March 02, 2009 | Item | E-mail

Brazauro Converts 85% of the Resources at Tocantinzinho into Indicated and Measured Categories - More
- March 02, 2009 | Item | E-mail

First Gold Finalizes Croinor JV Agreement With X-Ore - More
- March 02, 2009 | Item | E-mail

Big Red Diamond Corporation: The completion of a 43-101 for its Bristol Project - More
- March 02, 2009 | Item | E-mail

Andina Minerals Strengthens Management Team - More
- March 02, 2009 | Item | E-mail

Ventura Gold Reports Financial Results and Update for the Third Quarter Ended December 31, 2008 - More
- March 02, 2009 | Item | E-mail

Wallbridge Intersects Copper, Nickel and Precious Metals in 8,600 Metre Parkin Drill Program - More
- March 02, 2009 | Item | E-mail

Tournigan Completes Sale of U.S. Uranium Properties - More
- March 02, 2009 | Item | E-mail

Platinex Retains Blackstone Canada for Public Relations and Media Support - More
- March 02, 2009 | Item | E-mail

Gossan Conducting Magnesium Testwork at Process Research ORTECH - More
- March 02, 2009 | Item | E-mail

Gemini Explorations, Inc. Announces Near Term Goals and Updates Tentative Production Estimates for Its La Tapata Gold Mine Project - More
- March 02, 2009 | Item | E-mail

Moto Goldmines Limited-Moto Gold Project-Optimised Feasibility Study Completed - More
- March 02, 2009 | Item | E-mail

Aquila Announces New Gold Intercepts at Back Forty - More
- March 02, 2009 | Item | E-mail

Castle Gold Commences Drill Program to Test Gold Resource Expansion Potential at El Castillo Mine - More
- March 02, 2009 | Item | E-mail

Mustang Completing Drilling at Manitoba Nickel Project - More
- March 02, 2009 | Item | E-mail

Colorado Goldfields Inc. Announces Pride of the West Mill LIVES! - More
- March 02, 2009 | Item | E-mail

Malaga Inc. announces the execution of an agreement for the sale of its tungsten ore concentrates and of a term sheet for a US$3.8 million financing - More
- March 02, 2009 | Item | E-mail

Kria Resources Announces Resource Estimate for Stratmat Property - More
- March 02, 2009 | Item | E-mail

Fischer-Watt Completes U.S. Uranium Asset Acquisition - More
- March 02, 2009 | Item | E-mail

Solex Resources Signs Letter of Intent with Eldorado Gold - More
- March 02, 2009 | Item | E-mail

Robex Announces Closing of Private Placement of $1,000,000 - More
- March 02, 2009 | Item | E-mail

Starfield Resources Announces Final Core Assay Results From 2008 Exploration Program - More
- March 02, 2009 | Item | E-mail

Telifonda (Cayman) Ltd. Completes Acquisition of Bolsa Resources, Inc. & Hill Copper-Zinc Project - More
- March 02, 2009 | Item | E-mail

GobiMin receives Final Payment on the Sale of its Nickel Properties - More
- March 02, 2009 | Item | E-mail

TTM Chu Molybdenum Project Updated Resource Estimate and Drill Results - More
- March 02, 2009 | Item | E-mail

Equinox CEO says Lumwana on pace, acquisitions eyed - More
- March 02, 2009 | Item | E-mail

Metallum Resources Inc. Announces Proposed Business Combination with Solfotara Mining Corporation - More
- March 02, 2009 | Item | E-mail

Eagle Plains/Prize Mining Execute Letter of Intent to Form Joint-Venture to Produce Gold at Yellowjacket - More
- March 02, 2009 | Item | E-mail

Initial Drill Results From Gossan-Marathon's Bird River Project - More
- March 02, 2009 | Item | E-mail

Erdene Concludes Reverse Takeover of Beta Minerals Inc. - More
- March 02, 2009 | Item | E-mail

Redcorp Announces Arctic Litigation - More
- March 02, 2009 | Item | E-mail

Oromin Explorations Ltd.: Resource Update at Sabodala Adds 860,000 Inferred Gold Ounces - More
- March 02, 2009 | Item | E-mail

Golden Phoenix to Sell 100% of Its Interest in the Ashdown Project LLC to Win-Eldrich Mines Limited - More
- March 02, 2009 | Item | E-mail

Zincore Announces Annual General Meeting - More
- March 02, 2009 | Item | E-mail

Tiomin Summarizes Kivu's Exploration Activities - More
- March 02, 2009 | Item | E-mail

Midway Gold Announces 1.8 Million Ounce Gold Resource at Spring Valley Project, Nevada - "Midway Gold Corp. ("Midway") (CDNX:MDW.V - News)(AMEX:MDW - News) is pleased to announce an updated mineral resource estimate for the Spring Valley Project, Nevada of 87.75 million tons grading 0.021 ounce per ton (opt) gold containing 1,835,615 ounces of gold. This updated estimate represents an 85% increase in contained gold at Spring Valley and includes drill holes completed and assay data received after the last resource estimate by AMEC E&C Services, Inc. (AMEC) as at December 15, 2007." More
- March 02, 2009 | Item | E-mail

Claude Resources Inc. Provides Production and Costs Guidance - "Claude Resources Inc. (CRJ-TSX ; CGR-AMEX) reported on January 7, 2009 gold production results of 45,466 ounces including 13,551 ounces in the fourth quarter and 25,513 ounces in the second half. This is a production increase of 28% from the first half of 2008. Unaudited cash operating costs for the fourth quarter are estimated to be about $565 US per oz." More
- March 02, 2009 | Item | E-mail

Rubicon Receives Permits for Underground Advanced Exploration Program, Phoenix Gold Project, Red Lake Ontario - "Rubicon Minerals Corporation (RMX.TSX: RBY.NYSE-Amex) is pleased to announce that pursuant to the Closure Plan approved by the Ministry of Northern Development and Mines, it has received the necessary permits to allow it to commence the planned underground advanced exploration program. The previously approved shaft dewatering and shaft rehabilitation is currently underway and is expected to be completed by the end of March. Once completed, Rubicon will deepen the existing shaft from its current depth of 143 metres to 350 metres below surface where an exploration drift of 200-250 metres with drill stations, will be completed." More
- March 02, 2009 | Item | E-mail

Minco Gold Releases Final Assay Results From 2008 Drill Program at Changkeng Gold - "Minco Gold significantly advanced the Changkeng Gold project during 2008. The comprehensive exploration program included approximately 12,000 metres of diamond drilling in 61 holes and a hydrological & geotechnical assessment on the project yielding promising results. The 2008 drill program was very successful in extending the mineralization along strike for approximately 300 metres to the north-east from the main Changkeng deposit area. All these encouraging drill results will be included in the upcoming NI 43-101 compliant resource estimate currently in progress." More
- March 02, 2009 | Item | E-mail

US Gold Corporation: El Gallo Delivers Exceptional High-Grade Core Drill Results From Surface! - "Core drilling has intersected the highest silver values and thickest intersection to date! A step out hole located 165.0 ft (50.0 m) west of previous drilling returns 31.6 opt silver (1,082.4 gpt silver) over 104.0 ft (31.7 m), including 176.3 opt silver (6,046.1 gpt silver) over 14.9 ft (4.6 m) and including 305.1 opt silver (10,461.0 gpt silver) over 3.9 ft (1.2m). Mineralization starts from surface!" More
- March 02, 2009 | Item | E-mail

Banro files NI 43-101 Technical Report on Twangiza Feasibility Study and announces executive appointment - "The current exploration at Twangiza commenced in October 2005. A Preliminary Assessment Study of Twangiza was completed in July 2007 and advanced to a Pre-Feasibility Study in July 2008. With the filing of the Feasibility Study technical report, the Company plans to further enhance project economics by completing additional metallurgical test work, reassessing input costs in light of the global economic slowdown and further expanding the oxide and transitional resources. Banro will actively seek a strategic partner to assist with the development of the Twangiza open pit project." More
- March 02, 2009 | Item | E-mail

Aura Silver Targets Silver-Gold Rich, High Tonnage Potential at Taviche (Mexico) - "Aura Silver Resources Inc. (TSX VENTURE:AUU - News; "Aura Silver" or the "Company") is pleased to present the results from exploration conducted at its Higo Blanco project located in the southern Taviche district of Oaxaca, Mexico following an aggressive integrated program of surface geochemistry, trenching, geologic mapping (see Aura Silver Press Release August 27, 2008) and the recent completion of IP/Resistivity and magnetic intensity surveys." More
- March 02, 2009 | Item | E-mail

Imperial Reports High Grade Results From Three Zones at Mount Polley - "Imperial Metals Corporation (Toronto:III.TO - News) reports exploration results from the Boundary, Southeast and Northeast zones at its Mount Polley mine property. Drilling at all three areas returned significant intervals of high grade copper/gold mineralization." More
- March 02, 2009 | Item | E-mail

International Tower Hill Announces First Two Holes of 2009 Winter Drill Program, Livengood Project, Alaska - "International Tower Hill Mines Ltd. ("ITH" or the "Company") - (CDNX:ITH.V - News)(AMEX:THM - News)(Frankfurt:IW9.F - News) is pleased to announce the results from the initial two holes of its 2009 resource expansion winter drilling program on its Livengood Gold Project, Alaska. Hole MK-RC-0110 returned 206 metres of 1.40 g/t gold (including 38.1 metres of 3.08 g/t gold), thereby confirming the thickness and higher grade nature of the Core Zone." More
- March 02, 2009 | Item | E-mail

Mines Management Announces Release of Draft Environmental Impact Statement for the Montanore Silver-Copper Project - “Completion of the draft EIS represents the culmination of more than four years of work by the Company and its consultants, the U.S. Forest Service and the Montana Department of Environmental Quality. This entirely new assessment of the impacts of the Montanore Project takes into account refinements in mining methods and project design, and a progressive approach to minimizing the project’s impact to the environment. We expect that the Montanore Project will set the standard by which responsible mining will be conducted in the region. We appreciate the hard work that all parties have contributed thus far in the process, and look forward to completing the final phase of the re-permitting process.” More
- March 02, 2009 | Item | E-mail

Keegan Reports Positive Results of Screen Fire Assay Test From Esaase Gold Deposit - "As part of its metallurgical studies on the Esaase deposit, Keegan (Toronto:KGN.TO - News)(AMEX:KGN - News) has performed Screen Fire Assay (SCA) Tests on representative ore intercepts as a supplementary test of the standard 50 g fire assay (FA) technique currently employed in resource estimation. The results indicate that the SCA results average 28% higher than the FA used in the recent resource calculation released February 27, 2009, suggesting that the FA likely provides a conservative, minimum estimate of the gold grade of the deposit (Table 1)." More
- March 02, 2009 | Item | E-mail

SNS Silver Signs LOI on Historic Sunshine Mine - "SNS Silver Corp. (CDNX:SNS.V - News) and the owner of the Sunshine silver mine late Saturday signed a letter of intent whereby SNS will continue providing care, maintenance and development of the Sunshine Mine during the final stages of the lease negotiations." More
- March 02, 2009 | Item | E-mail

- Would you like to receive the Free Daily Gold Seeker Report in your e-mail? Click here

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.