Nayarit Gold, Inc. reported unaudited consolidated earnings for the three months ended December 31, 2009. For the quarter, the company reported loss before other items of CAD 596,228 and net loss and comprehensive loss of CAD 593,697 or CAD 0.01 per basic and diluted share compared to loss before other items of CAD 763,368 and net loss and comprehensive loss of CAD 725,147 or CAD 0.01 per basic and diluted share reported a year ago. Net cash used in operating activities was CAD 557,013 compared to CAD 319,615 for the same period a year ago. The company reported purchase of property, plant and equipment of CAD 1,182 compared to CAD 525 reported a year ago.

Nayarit Gold, Inc. Presents at BMO Capital Markets 2010 Global Metals & Mining Conference, Feb-28-2010 through Mar-03-2010. Venue: Westin Diplomat Resort & Spa, Hollywood, Florida, United States. Speakers: Colin P. Sutherland, Chief Executive Officer, President and Director.

Nayarit Gold Inc. announced positive metallurgical results from its Orion District. SGS Mineral Services ('SGS') of Durango, Mexico was retained by the Company to complete a preliminary metallurgical investigation on the Del Norte Deposit to determine the amenability of the ore to direct cyanidation, gravity concentration and flotation. The Company has been working with SRK Consulting who are is in the process of finalizing the NI 43-101 resource calculation with an estimated release date scheduled for next week. The ore at Orion responded very well to straight bottle roll leaching. Leaching of the flotation products also recorded high recoveries. The company is examining optimization of these processes to determine the best economics including increasing recoveries and reducing reagent consumption. The recoveries obtained in the bottle roll test for the low-grade sample were higher than anticipated allowing the company to evaluate more of the open-pit potential at Orion. Recoveries obtained by bottle roll leaching ranged between 96.4% and 85.3% for gold (average 92%) and between 87.6% and 81.5% and for silver (average 85.2%). Recoveries obtained by flotation and subsequent leaching of the flotation concentrate and tails returned overall recoveries between 88.7% and 88.2% and for gold (average 88.5%) and between 82.1% and 71.1% and for silver (average 76%). Recoveries obtained by flotation and subsequent leaching of the flotation concentrate and tails returned overall recoveries between 88.7% and 88.2% and for gold (average 88.5%) and between 82.1% and 71.1% and for silver (average 76%). SGS also carried out gravity tests using the Knelson Concentrator. The results from these tests showed about two times increase in grade of the concentrate over the head ore, generally in about 30% of the feed mass. The results did indicate the ore does not have a nugget issue.

Capital Gold Corporation and Nayarit Gold Inc. Enter into Business Combination Agreement

Quote: 11 /PRNewswire-FirstCall/ -- Capital Gold Corporation (NYSE Amex: CGC / TSX: CGC) ("Capital Gold") and Nayarit Gold Inc. (TSX: NYG) ("Nayarit") today jointly announced that they have entered into an agreement (the "Agreement") with respect to a proposed business combination in an all-share transaction subject to the completion of satisfactory due diligence, receipt of Nayarit and Capital Gold shareholder approval, receipt by Nayarit of a fairness opinion, regulatory approvals and the satisfactio...
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