CRWE NewsWire

US GOLD CORPORATION (AMEX:UXG) is pleased to announce that options on the company started trading on July 9, 2010 on the Chicago Board of Options Exchange (CBOE) under the symbol UXG.

One of management’s objectives is to continue to increase market visibility and liquidity. In addition to the CBOE, US Gold is part of the following indices and ETF’s: Russell 3000 Index, S&P/TSX Global Gold Index and S&P/TSX Global Mining Index, Van Eck’s Junior Gold Miner’s ETF and BMO Junior Gold Index ETF. US Gold’s goal is to qualify for inclusion in the S&P 500 within 5 years.

Orofino Gold Corp (Pinksheets: ORFG.PK) has acquired a 55% interest in the Mina Azul/La Estrella property with the rights to acquire up to 80%. By acquiring its interest in an established operating mine, Orofino has established itself as a serious participant in the effort to revitalize the Senderos de Oro mining scene.

Furthermore, the local technical team from the Mina Azul/La Estrella Mine will assist the Company in its exploration and development efforts. This assistance will be particularly useful for the current properties under option to Orofino.

The Company’s shareholder representatives and key consultants have met with Colombian government officials to review their approach to the development of these properties. President Uribe (now to be President Santos) encouraged Artisanal miners to organize into co-operatives that will have legal status and will allow Orofino to partner with them on a long term basis.

Fronteer Gold (AMEX:FRG) announces that drilling to the northeast of the current resource area at Long Canyon continues to return broad intervals of high-grade oxide gold. The Nevada gold deposit is now 2.7-km long and remains open for expansion.

Long Canyon’s work-program is focused on resource definition and resource expansion, primarily in the northern half of the deposit. Five drill rigs are currently operating on the property and more than 30,000 metres of the year’s planned 45,000 metres have been drilled to date, with the majority of holes pending release. Fronteer Gold also plans to complete in 2010 the required metallurgical, engineering, and environmental work necessary to move Long Canyon to pre-feasibility stage.

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