Working in a marketplace with long lead times and large capital expenditures requires patience and fortitude. Capital seems to flow like water with very little return coming from it. If, however, an investor is willing to stick out the long lead times, or happens to time the development cycle correctly, large veins of profit are likely.

Capital Gold Corp., a gold production and exploration company, works to extract gold from its El Chanate gold property in northern Mexico. Positive recent news has found that a former partner company has decided not to exercise its one-time “back-in option” for this mining property - allowing Capital Gold to move forward with future plans.

The company appears to have a fairly stable operation running with its El Chanate gold property. An average monthly output of 4,200 oz. has enabled the company to assess its position and make plans. Organic growth is the key element of

High Ridge Resources Inc. (TSX-V: HRR // FRANKFURT: HR2) has announced that the drilling program at its Chanape project in the San Mateo area, 90 km east of Lima, Peru has begun. Gary Anderson, president and CEO of High Ridge Resources Inc., commented: “We are very excited that the drilling program is getting underway at Chanape. I am pleased at the way the High Ridge team and our consultants have managed the numerous challenges we have faced over the last nine months in Peru and in Canada. We are looking forward to having the Chanape targets finally tested.”

The drilling program will involve an initial 3,000-5,000 meters from up to 9 platforms and will test both the known mineralized targets (exposed on surface polymetallic veins and intrusive breccias) and larger high chargeability-low resistivity (IP) anomalies. The priority targets cover an area of approximately four square kilometers and