Goldrich Mining Company (OTCBB: GRMC) to announce that it has approved plans to start commercial gold production in 2010 at the its Chandalar property which is situated 200 miles north of Fairbanks, Alaska.

The press release is quoted as saying:

The decision to begin commercial production follows the recent completion of the Company's alluvial gold mining test on Little Squaw Creek (see news release dated October 6, 2009). The Company plans to expand operations by adding a second gold recovery plant, similar to but larger than the one constructed for test mining, and acquiring larger earth-moving equipment necessary to run both plants. Capital costs are estimated to be approximately $5,000,000.

Click here to access the entire press release ^[1]

Click here to access Goldrich Mining Limited Corporate Site ^[2]