05:07 PM EST - Vangold Resources Ltd. : announced that further to the positive results received from the 3-D induced polarization survey at Mt Penck, the Company has signed a services agreement with New Guinea Gold Corp and Coppermoly Ltd. for an extensive exploration program planned on Vangold's three advanced gold properties Mt Penck, Fergussen and Allematta. Due to the clear demonstration of the presence of a large and extensive sulphide system or systems at Mt Penck, Vangold will initiate with a $1,000,000 drill program at Mt Penck. Vangold Resources Ltd.
shares V.VAN are trading up $.02 at $0.23.
