SOURCE:; BacTech Mining Corporation; Gold Resource Corporation; Peak Gold Ltd.; Probe Mines Limited

September 13, 2007 09:00 ET

Gold Hits a 16-Month High as US Dollar Falls Setting the Stage for Upcoming Online Mining and Resource Conference Adds BacTech Mining Corporation (TSX.V: BM), Gold Resource Corporation (OTCBB: GORO), Peak Gold Ltd. (TSX.V: PIK) and Probe Mines Limited (TSX.V: PRB) to the Growing List of Participants

POINT ROBERTS, WA and DELTA, BC--(Marketwire - September 13, 2007) - and its mining portals announce new additions to its list of participants in the upcoming online mining & resource conference. With BacTech Mining Corporation (TSX-V: BM), Gold Resource Corporation (OTCBB: GORO), Peak Gold Ltd. (TSX-V: PIK) and Probe Mines Limited (TSX-V: PRB) participating, the audio event has now grown its list of presenters to 12 public mining and resource companies and 7 industry experts. Investor Ideas is building upon the success of its spring event which hosted 28 public companies and 6 top experts in one of the year's biggest online events for the sector.

The resource sector has been in the spotlight as gold reached a 16-month high of $714.40 USD per ounce driving more investors into the sector. Prices are expected to remain at high levels as the US dollar continues to weaken with a Fed rate cut likely to occur and oil prices creep closer to breaking the $80 per barrel mark.

The upcoming 'Mining for Money' conference, which offers free registration to attend, is expected to provide investors with key insight into the mining and resource sector looking at activity and opportunities within gold, uranium, copper, mining technology and more.

The format for the online conference will consist of audio and visual presentations averaging 15-20 minutes in length. Investors can register at:

Recent Additions Include:

--  BacTech Mining Corporation (TSX-V: BM) has developed and patented
    bacterial oxidation technology for the treatment of refractory ores and
    concentrates to enhance the recovery of gold, silver and base metals.
    BacTech has successfully commissioned three bioleach plants for gold and
    demonstrated its technology in the selective recovery of base metals from
    complex sulphide concentrates in a joint project with Industrias Penoles de
    C.V. of Mexico. The Company's focus is the acquisition of equity positions
    in projects amenable to bioleaching. Recently, the Company expanded its
    focus through the establishment of a uranium Joint Venture with Quinto
    Mining Corporation in Quebec.
--  Gold Resource Corporation (OTCBB: GORO) is an emerging gold producer
    focused on exploration of a series of high-grade gold and silver deposits
    in Mexico's southern state of Oaxaca. The Company's projects have been
    selected based on projected low operating costs and potential for
    significant returns on capital. GRC's initial exploration efforts have been
    focused on the El Aguila project, a deposit featuring high-grade gold and
    silver mineralization. An independent Scoping Study estimated production
    costs of approximately $100 per ounce of gold, and an annual return-on-
    capital of greater than 100%, indicating a capital payback of less than one
--  Peak Gold Ltd. (TSX-V: PIK) is a new intermediate gold producer with
    two operating assets, Amapari in Brazil and Peak Mines in Australia. After
    raising an initial CDN$326 million in equity, Peak Gold paid US$200 million
    in cash and US$100 million in shares to acquire the two assets from
    Goldcorp. Both operations are steady producers, forecasting 220,000 ounces
    of gold production in 2007 at a cash cost of US$340 per ounce and with good
    operating cash flow. With a strong foundation for growth and a commitment
    to value, Peak Gold is positioned to more than double production by 2008
    through both acquisitions and organic growth. Peak Gold does not hedge or
    sell forward its gold production.
--  Probe Mines Limited (TSX-V: PRB) is a Canadian base and precious metal
    explorer led by an experienced management team. The Company has assembled a
    portfolio of quality projects and is currently focusing on the McFauld's
    Lake area where the company owns over 856 claims (13,696 hectares). This
    includes a 100% interest in 12 claims (192 hectares) that lie less than 600
    metres from the site of Noront's significant new nickel-copper discovery
    and represents the closest property to the discovery. Other interests
    include the Bristol Township gold project in the Timmins West camp and a 5%
    NSR gold production royalty on a portion of Agnico-Eagle's Goldex project
    in Val d'Or, Quebec, which is scheduled to commence production in 2008 and
    represents a potential revenue stream for the company.

Industry Experts Include: Peter Grandich, Founder, Grandich Publications, LLC; Eric Coffin, HRA (Hard Rock Analyst) Advisories; Adrian Day, President, Adrian Day Asset Management; Jon Nadler, Senior Analyst, Kitco Inc.; Lawrence Roulston, Resource Opportunities; Martha Buckwalter-Davis, Research Associate, Mining & Energy, Fundamental Research Corp.; Nigel Heath, Mining Analyst, eResearch.

Additional Presenting Companies: Nayarit Gold Inc.; Uranium North Resource Corp.; ICS Copper Systems Ltd.; BacTech Mining Corporation; Bayswater Uranium Corp.; Callinan Mines Limited; Eastfield Resources; Uranerz Energy Corporation; Canstar Resources Inc.

Conference Sponsor: Resource World Magazine -- reports on the business of Mining, Oil & Gas and Alternative Energy.

Media Sponsors: -- a leading provider of business news, financial information and analytical tools on the uranium market; The Small-Cap Conference Series -- designed to present investors with real companies generating real earnings.

For full details on conference participants visit:

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Contact Information

  • For Additional Information on Participating in this Upcoming Online
    Conference Please Contact:

    Dawn Van Zant
    Email Contact

    Ann-Marie Fleming
    Email Contact