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PennyGovernance.com Gold Market Report on ORFG, NGD, VGZOrofino Gold Corp. (PINK SHEETS: ORFG) Colombia’s Mining began in the 1500s. Precious metal and stone mining was still carried out in the late 1980s. Gold was the most important metal in terms of short-term revenues. With the discovery and exploitation of large coal and natural gas reserves, the role of mining in the national economy expanded in the late 1980s. Mining and energy related investments have grown because of higher oil prices, increased demand and improved output. Other important metals in Colombia include platinum and silver, as well as been a major producer of emeralds. Colombia’s impressive gold endowment and high exploration potential is widely recognized, with historic production believed to exceed 120 million ounces. Recent government-led improvements in security, infrastructure, and mining law reform are providing an ever improving environment for foreign investment in mineral exploration and development. Orofino Gold is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end OROFINO has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG. Orofino recently announce that as result of the recent site visit and meetings with Colombian Geologists who are well informed on this area, it has been determined that current estimates for the area are that each of the areas of lode mines may prove to contain more than 1,000,000 ounces of Gold with a Silver credit (as seen in the recent assay results). New Gold Inc. (NYSE:NGD) recently announced it has received notification that following the semi-annual review of the FTSE Gold Mines Index ("Index"), the FTSE Gold Mines Index Committee announced inclusion of New Gold in the Index, which became effective on June 21, 2010. "This is another important milestone in the advancement of New Gold and reflects our growing gold production, market capitalization and trading volumes," stated Randall Oliphant, Executive Chairman. The FTSE Gold Mines Index is designed to reflect the performance of the world-wide market in the shares of companies whose principal activity is the mining of gold. Eligibility is based on the quantity of gold production. All Index values are denominated in US dollars. Vista Gold Corp. (NYSE: VGZ) announced the discovery of a new exploration target located on its Exploration Tenements held together with the Mining Leases at the Company's Mt. Todd gold project in Northern Territory ("NT"), Australia. Vista also provided updates on the progress of a drilling program at the Batman deposit and announced that the Pre-Feasibility Study for the Mt. Todd gold project is nearing completion. Vista controls a large land package (160,878 hectares) of Exploration Tenements surrounding the Mt. Todd gold project. As part of a comprehensive exploration effort based on results from an airborne magnetic survey and geochemical soil sampling by the Company, Vista's geologists have identified four new gold bearing zones for potential follow up with additional sampling and testing. Sign up for free stock alerts at http://pennygovernance.com/signup *************************************** THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyGovernance.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyGovernance.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising. As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |