Blue Note Mining Benefits from First Gold's Significant Share Price Increase
MONTREAL, Jan. 22 /CNW Telbec/ - Blue Note Mining Inc. ("Blue Note") (BNT:TSXV) reports that its shareholding in First Gold Exploration (EFG:TSXV) has appreciated substantially in recent days and has a current value of approximately $2.5 million. (See First Gold news releases dated January 19 and 21, 2010)
Blue Note holds 4,376,000 shares of First Gold and the two companies are 50-50 joint venture partners in the Croinor gold mine in Val-D'Or, Quebec that is slated to reopen later this year.
"We are delighted to see this shareholding performing so well," said Michael Judson, Blue Note's Chief Executive Officer. "We wish First Gold continued success".
About Blue Note Mining
Blue Note Mining is a mineral exploration and mining company headquartered in Montreal with properties located in known gold regions of Mexico and Canada, including the prolific Sierra Madre Gold Belt, the Val-d'Or region of Quebec and northern New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BNT.
