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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Message: News 4-11-09

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News 4-11-09

posted on Nov 12, 09 10:18AM

LAVAL, QUEBEC--(Marketwire - Nov. 4, 2009) - First Gold Exploration Inc. (TSX VENTURE:EFG - News; FRANKFURT:F12 - News) is pleased to announce that for the last 4 months, (50-50 JV partners) First Gold Exploration and X-Ore Resources (TSX:XOR - News) have been working with engineering firms in order to complete the required reports in view of the underground permitting applications for the Croinor Project. We are confident that the permitting will be delivered by the first quarter of 2010.

Based on the scoping study done by Golder Associates, the economics of the project has improved in line with the higher gold prices (see release of May 26, 2009).

At today's gold price, the net cash flow over 2.3 years would be approximately $31,000,000 which is an increase of $10,000,000 over the base case scenario which does not take into account the increase in resources resulting from the recent 43-101 resource study released in August (see release of August 11, 2009).

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