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Rohstoffthread (Archiv)
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na mal sehen was die Candis anstellen........... 
werde Long versuchen bei PTQ! wenn ich alles so betrachte ist das Risiko als gering einzustufen.
alleine das Aktienpaket an PTC hat jetzt einen Wert von ca. 44 Mill. CAD, die MK von PTQ ist ca. 95 Mio Cad.............und dieses Jahr soll die Produktion starten
Die Übernahme ist jetzt im Preis enthalten, über den Kauf von Petaquilla Minerals (News) kann man aber noch indirekt profitieren. Minerals hält gut 22 Mio. Aktien an Copper, würde also einen Barzufluß von gut 44 Mio. CAD erhalten. Die Summe wäre zur Fertigstellung der Molejon Goldmine und Anlage sehr willkommen und würde eine weitere Aufnahme von Fremdmitteln (mit hohen Zinsen) vermeiden. Nach dem drastischen Absturz ist Petaquilla Minerals jetzt wieder ein Kauf!
© Rohstoff-Spiegel
Jun 04, 2008 10:04 ET
eResearch Issues Initiating Report on Petaquilla Minerals Ltd.
TORONTO, ONTARIO--(Marketwire - June 4, 2008) - Petaquilla Minerals Ltd. is a Canadian junior mining company focused on bringing its 100%-owned Molejon gold project in Panama into production in 2008. The Company also holds a 13% interest in Petaquilla Copper Ltd. worth approximately $0.27 per share. (It is Petaquilla Copper, not Petaquilla Minerals, that is embroiled in a dispute with Teck Cominco in Panama on a vast adjacent copper project.)
Highlights from the report include the following:
- The Molejon Project is expected to be in production in late 2008 at an initial 100,000 ounces of gold annually.
- The property has a Measured + Indicated resource estimate of 911,023 ounces of gold.
- There is a further Inferred resource estimate of 458,502 ounces of gold.
- Throughput is estimated initially to be at 2,200 tonnes per day, rising to 5,000 tonnes per day when the total resource estimate exceeds 1.5 million ounces.
- The property has rapidly developing infrastructure, including a link road capable of handling 70-tonne trucks, which connects the mine site to the national highway system and port facilities.
- The Molejon gold project will be able to share infrastructure with the associated copper projects of its sister company.
- Recommendation is Speculative Buy and the shares are suitable for higher-risk investors.
- Our one-year Target Price is $3.15 and our three-year price objective is $4.95.
This Press Release was prepared by eResearch and was not vetted by Petaquilla Minerals Ltd. Further, the Recommendation and Target Prices contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Petaquilla Minerals Ltd.
eResearch is Canada's primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network.
Petaquilla Minerals Ltd. paid eResearch a fee of $20,000 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.
For FREE access to all eResearch reports and articles, go to www.eresearch.ca
alleine das Aktienpaket an PTC hat jetzt einen Wert von ca. 44 Mill. CAD, die MK von PTQ ist ca. 95 Mio Cad.............und dieses Jahr soll die Produktion starten
Die Übernahme ist jetzt im Preis enthalten, über den Kauf von Petaquilla Minerals (News) kann man aber noch indirekt profitieren. Minerals hält gut 22 Mio. Aktien an Copper, würde also einen Barzufluß von gut 44 Mio. CAD erhalten. Die Summe wäre zur Fertigstellung der Molejon Goldmine und Anlage sehr willkommen und würde eine weitere Aufnahme von Fremdmitteln (mit hohen Zinsen) vermeiden. Nach dem drastischen Absturz ist Petaquilla Minerals jetzt wieder ein Kauf!
© Rohstoff-Spiegel
Jun 04, 2008 10:04 ET
eResearch Issues Initiating Report on Petaquilla Minerals Ltd.
TORONTO, ONTARIO--(Marketwire - June 4, 2008) - Petaquilla Minerals Ltd. is a Canadian junior mining company focused on bringing its 100%-owned Molejon gold project in Panama into production in 2008. The Company also holds a 13% interest in Petaquilla Copper Ltd. worth approximately $0.27 per share. (It is Petaquilla Copper, not Petaquilla Minerals, that is embroiled in a dispute with Teck Cominco in Panama on a vast adjacent copper project.)
Highlights from the report include the following:
- The Molejon Project is expected to be in production in late 2008 at an initial 100,000 ounces of gold annually.
- The property has a Measured + Indicated resource estimate of 911,023 ounces of gold.
- There is a further Inferred resource estimate of 458,502 ounces of gold.
- Throughput is estimated initially to be at 2,200 tonnes per day, rising to 5,000 tonnes per day when the total resource estimate exceeds 1.5 million ounces.
- The property has rapidly developing infrastructure, including a link road capable of handling 70-tonne trucks, which connects the mine site to the national highway system and port facilities.
- The Molejon gold project will be able to share infrastructure with the associated copper projects of its sister company.
- Recommendation is Speculative Buy and the shares are suitable for higher-risk investors.
- Our one-year Target Price is $3.15 and our three-year price objective is $4.95.
This Press Release was prepared by eResearch and was not vetted by Petaquilla Minerals Ltd. Further, the Recommendation and Target Prices contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Petaquilla Minerals Ltd.
eResearch is Canada's primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network.
Petaquilla Minerals Ltd. paid eResearch a fee of $20,000 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.
For FREE access to all eResearch reports and articles, go to www.eresearch.ca
Rohstoffe-Go - Stuttgart Eine Einschätzung zum Industriemetallmarkt von Sven Streitmayer, bw-Bank.
Kupferpreis markiert neues Allzeithoch
Der scheinbar ungebremste Rekordlauf des Ölpreises bestimmt zurzeit klar die Schlagzeilen an den Rohstoffmärkten. Doch während Rohstoffhändler, Analysten und Medien in der vergangenen Woche gespannt auf den Fall der 150 USD-Marke im Öl warteten, ging ein weiteres historisches Hoch beinahe unter. Nach einem Preissprung von über 300 USD binnen drei Tagen markierte Kupfer am Mittwoch beim Stand von 8.983 USD je Tonne (Kasse) ein neues nominales Allzeithoch. Damit hat sich das rote Metall seit dem kurzen Ausflug unter die 8.000er-Marke Anfang Juni (siehe Abb. rechts) bereits wieder um rund 13 % verteuert. Treiber der jüngsten Kupferpreishausse ist der inzwischen fast schon notorische Mix aus Dollarschwäche, Produktionsunterbrechungen (der landesweite Streik peruanischer Minenarbeiter wurde am Wochenende beigelegt) und Zuflüssen von Anlagekapital. Letztere haben nach den massiven Kursverlusten an den Aktienmärkten in den vergangenen Wochen wieder deutlich zugenommen. Ähnlich wie am Ölmarkt, ist auch bei Kupfer das Momentum derzeit klar auf Seiten der "Bullen". Ein neuerlicher Angriff auf die aus Marktsicht wichtige 9.000er-Marke bleibt daher nicht auszuschließen. Aus der fundamentalen Perspektive mangelt es hierfür jedoch an Argumenten.
Kupferpreis markiert neues Allzeithoch
Der scheinbar ungebremste Rekordlauf des Ölpreises bestimmt zurzeit klar die Schlagzeilen an den Rohstoffmärkten. Doch während Rohstoffhändler, Analysten und Medien in der vergangenen Woche gespannt auf den Fall der 150 USD-Marke im Öl warteten, ging ein weiteres historisches Hoch beinahe unter. Nach einem Preissprung von über 300 USD binnen drei Tagen markierte Kupfer am Mittwoch beim Stand von 8.983 USD je Tonne (Kasse) ein neues nominales Allzeithoch. Damit hat sich das rote Metall seit dem kurzen Ausflug unter die 8.000er-Marke Anfang Juni (siehe Abb. rechts) bereits wieder um rund 13 % verteuert. Treiber der jüngsten Kupferpreishausse ist der inzwischen fast schon notorische Mix aus Dollarschwäche, Produktionsunterbrechungen (der landesweite Streik peruanischer Minenarbeiter wurde am Wochenende beigelegt) und Zuflüssen von Anlagekapital. Letztere haben nach den massiven Kursverlusten an den Aktienmärkten in den vergangenen Wochen wieder deutlich zugenommen. Ähnlich wie am Ölmarkt, ist auch bei Kupfer das Momentum derzeit klar auf Seiten der "Bullen". Ein neuerlicher Angriff auf die aus Marktsicht wichtige 9.000er-Marke bleibt daher nicht auszuschließen. Aus der fundamentalen Perspektive mangelt es hierfür jedoch an Argumenten.
-CMI- Crowflight Minerals
Extrem anhaltende Insti-Käufe seit Monaten!!!!
Institutional Holders Summary
Crowflight Minerals Inc (TSX Venture Exchange)
Sector: Basic Materials . Industry: Mining & Metals - Specialty · View CML on other exchanges
As of 6 Jul 20080.48CAD Price Change+0.00 Percent Change+0.00% Analyst Recommendations
% Shares Owned: 46.97% # New Positions: 11
# of Holders: 18 # Closed Positions: 0
Total Shares Held: 118,034,633 # Increased Positions: 12
3 Mo. Net Change: 70,587,525 # Reduced Positions: 3
# Net Buyers: 9
Find out more about CML.V
Quelle: http://www.reuters.com/finance/stocks/institutionalHolders?symbol=CML.V
Extrem anhaltende Insti-Käufe seit Monaten!!!!
Institutional Holders Summary
Crowflight Minerals Inc (TSX Venture Exchange)
Sector: Basic Materials . Industry: Mining & Metals - Specialty · View CML on other exchanges
As of 6 Jul 20080.48CAD Price Change+0.00 Percent Change+0.00% Analyst Recommendations
% Shares Owned: 46.97% # New Positions: 11
# of Holders: 18 # Closed Positions: 0
Total Shares Held: 118,034,633 # Increased Positions: 12
3 Mo. Net Change: 70,587,525 # Reduced Positions: 3
# Net Buyers: 9
Find out more about CML.V
Quelle: http://www.reuters.com/finance/stocks/institutionalHolders?symbol=CML.V
Rohstoffe-Go - Stuttgart Obwohl die beiden Minengiganten BHP Billiton und Rio Tinto bzgl. einer Fusion beider Konzerne unterschiedlicher Meinung sind, herrscht doch eine Einigkeit im Hinblick auf die Entwicklung der Eisenerzpreise.
Sowohl der australisch-britische Rohstoffkonzern BHP Billiton Ltd. (ISIN GB0000566504, WKN BLT) als auch der Wettbewerber Rio Tinto (ISIN GB0007188757, WKN 852147) konnten in den letzten Wochen deutliche Preiserhöhungen für Eisenerz bei ihren asiatischen Kunden durchsetzen.
So erreichte BHP am letzten Freitag ein Abkommen mit Baosteel aus China, wonach die Chinesen für Eisenerz fast doppelt soviel bezahlen müssen wie noch im Jahr zuvor. Damit erreichte BHP dieselbe Preiserhöhung mit demselben Kunden wie zuvor auch Rio Tinto. Zumindest hier sind sich die beiden Minenkonzerne einig.
Auffallend hierbei ist, dass die Preiserhöhungen deutlich höher ausfielen als die Ergebnisse der Verhandlungen des brasilianischen Vale-Konzerns mit den Asiaten. Vale, der größte Eisenerzproduzent der Welt, setzte im Februar 2008 Preissteigerungen von "nur" 65 % durch.
Im Jahr zuvor lag die Preiserhöhung noch bei moderaten 9,5 % im Vergleich zum Vorjahr. Das Management von Vale versprach den Asiaten nun, seine Produktionskapazitäten bis zum Jahr 2012 auf bis zu 450 Mio. Tonnen zu erhöhen.
BHP und Rio Tinto sprechen als Begründung für ihre höheren Preise von einem Frachtaufschlag, da die Transportkosten für Vale viel niedriger ausfallen, was die Asiaten schließlich auch akzeptierten. Die jetzigen Preiserhöhungen resultieren aus langen und zähen Verhandlungen der Minenkonzerne mit ihren Kunden. Die chinesischen Stahlhersteller haben nun bereits das sechste Jahr in Folge hohe Preissteigerungen in Kauf nehmen müssen.
Ein wichtiger Grund für den Anstieg ist sicherlich die stark gestiegene Nachfrage nach Stahl, die im letzten Jahr um rund 10 % nach oben kletterte. Dieser Nachfrageschub konnte nicht mit einer Ausweitung der Produktionskapazitäten beim Eisenerz kompensiert werden.
China importierte zwischen 2003 und 2007 1,34 Milliarden Tonnen an Eisenerz, 42 % der weltweiten Lieferungen in diesem Zeitraum. Das Land ist gleichzeitig der größte Hersteller und Konsument von Stahl. BHP, das gerade einer Untersuchung der Europäischen Kommission im Hinblick der geplanten feindlichen Übernahme von Rio Tinto ausgesetzt ist, zeigt sich sehr zufrieden mit den jüngsten Abschlüssen.
Marcus Randolph, Leiter der Eisenerz- und Kohlebereiche, sieht die Beziehungen zu den Kunden positiv und stark wie eh und je. In den nächsten Wochen soll es nun zu Abschlüssen mit den verbleibenden Kunden in China, Japan und Europa kommen.
Werner Rehmet - Rohstoffe-Go.de
Sowohl der australisch-britische Rohstoffkonzern BHP Billiton Ltd. (ISIN GB0000566504, WKN BLT) als auch der Wettbewerber Rio Tinto (ISIN GB0007188757, WKN 852147) konnten in den letzten Wochen deutliche Preiserhöhungen für Eisenerz bei ihren asiatischen Kunden durchsetzen.
So erreichte BHP am letzten Freitag ein Abkommen mit Baosteel aus China, wonach die Chinesen für Eisenerz fast doppelt soviel bezahlen müssen wie noch im Jahr zuvor. Damit erreichte BHP dieselbe Preiserhöhung mit demselben Kunden wie zuvor auch Rio Tinto. Zumindest hier sind sich die beiden Minenkonzerne einig.
Auffallend hierbei ist, dass die Preiserhöhungen deutlich höher ausfielen als die Ergebnisse der Verhandlungen des brasilianischen Vale-Konzerns mit den Asiaten. Vale, der größte Eisenerzproduzent der Welt, setzte im Februar 2008 Preissteigerungen von "nur" 65 % durch.
Im Jahr zuvor lag die Preiserhöhung noch bei moderaten 9,5 % im Vergleich zum Vorjahr. Das Management von Vale versprach den Asiaten nun, seine Produktionskapazitäten bis zum Jahr 2012 auf bis zu 450 Mio. Tonnen zu erhöhen.
BHP und Rio Tinto sprechen als Begründung für ihre höheren Preise von einem Frachtaufschlag, da die Transportkosten für Vale viel niedriger ausfallen, was die Asiaten schließlich auch akzeptierten. Die jetzigen Preiserhöhungen resultieren aus langen und zähen Verhandlungen der Minenkonzerne mit ihren Kunden. Die chinesischen Stahlhersteller haben nun bereits das sechste Jahr in Folge hohe Preissteigerungen in Kauf nehmen müssen.
Ein wichtiger Grund für den Anstieg ist sicherlich die stark gestiegene Nachfrage nach Stahl, die im letzten Jahr um rund 10 % nach oben kletterte. Dieser Nachfrageschub konnte nicht mit einer Ausweitung der Produktionskapazitäten beim Eisenerz kompensiert werden.
China importierte zwischen 2003 und 2007 1,34 Milliarden Tonnen an Eisenerz, 42 % der weltweiten Lieferungen in diesem Zeitraum. Das Land ist gleichzeitig der größte Hersteller und Konsument von Stahl. BHP, das gerade einer Untersuchung der Europäischen Kommission im Hinblick der geplanten feindlichen Übernahme von Rio Tinto ausgesetzt ist, zeigt sich sehr zufrieden mit den jüngsten Abschlüssen.
Marcus Randolph, Leiter der Eisenerz- und Kohlebereiche, sieht die Beziehungen zu den Kunden positiv und stark wie eh und je. In den nächsten Wochen soll es nun zu Abschlüssen mit den verbleibenden Kunden in China, Japan und Europa kommen.
Werner Rehmet - Rohstoffe-Go.de
[url=http://peketec.de/trading/viewtopic.php?p=438064#438064 schrieb:Ollinho schrieb am 08.07.2008, 13:57 Uhr[/url]"]-CMI- Crowflight Minerals
Extrem anhaltende Insti-Käufe seit Monaten!!!!
Institutional Holders Summary
Crowflight Minerals Inc (TSX Venture Exchange)
Sector: Basic Materials . Industry: Mining & Metals - Specialty · View CML on other exchanges
As of 6 Jul 20080.48CAD Price Change+0.00 Percent Change+0.00% Analyst Recommendations
% Shares Owned: 46.97% # New Positions: 11
# of Holders: 18 # Closed Positions: 0
Total Shares Held: 118,034,633 # Increased Positions: 12
3 Mo. Net Change: 70,587,525 # Reduced Positions: 3
# Net Buyers: 9
Find out more about CML.V
Quelle: http://www.reuters.com/finance/stocks/institutionalHolders?symbol=CML.V
Wenn der mal dreht gehts rund!!
Jul 08, 2008 08:00 ET
Potash North NI 43-101 Report Filed
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - Potash North Resource Corporation ("Potash North" or the "Company") (TSX VENTURE:PON) is pleased to announce it has received a Technical Report compliant with NI 43-101 for its KP 416, KP 417 permit areas located in south eastern, Saskatchewan. Dr. Michael Hardy of Agapito Associates Inc. of Colorado, USA and Steve Halabura of North Rim Exploration of Saskatoon, Saskatchewan authored the report.
The Permit Area is in close proximity to existing rail, road, and electrical grids and is located immediately north of existing commercial potash mines operated by Mosaic Potash and the Potash Corporation of Saskatchewan. The Permit Area is located approximately 35 kilometers (km) northeast of the town of Esterhazy and approximately 20 km northeast of the operating Esterhazy, K1, and K2 underground potash mines owned by Mosaic Potash Esterhazy. The southernmost boundary of the KP 416 permit area is located some 45 km from the Potash Corporation of Saskatchewan's Rocanville Mine.
Four cored and assayed holes that have commercial-grade potash intersections are available and have been inspected by Dr. Michael Hardy and Mr. Steve Halabura. The length-weighted average grade for the Belle Plaine and Esterhazy intersections from those four holes is listed in Table 1. Three other holes were cored within the Permit Area but did not intersect potash mineralization because they were either not deep enough to penetrate the potash bearing zones or show evidence of leaching of the potash mineralization.
Table 1. Length-Weighted Average Assay Results
---------------------------------------------------------------------------------------------------------------------------------------------------- % Carn- allite Depth Thick- (KCl. % WaterGeologic Interval ness MgCl2. Insol-Unit Drill Hole (m) (m) % K2O % KCl 6H2O) ubles--------------------------------------------------------------------------Belle DH12 Southwest 820.5- 1.8 25.8 40.8 0.3 2.1Plaine Potash Corp. 822.3Member DH14 Southwest 833.0- 3.4 18.3 29.0 3.8 4.6 Potash Corp. 836.4-------------------------------------------------------------------------- DH01 Canberra 791.2- 3.3 21.5 34.1 9.7 0.9 Langenburg 794.5Esterhazy DH03 Canberra 837.6- 3.6 21.6 34.1 11.8 0.7Member Langenburg 841.2 DH14 Southwest 857.6- 15.7 9.2 14.5 8.9 1.0 Potash Corp. 873.3----------------------------------------------------------------------------------------------------------------------------------------------------
Historical data suggests that the northern limit of the Belle Plaine Member intersects the western portion of the Permit Area and that the Esterhazy Member is truncated through the Permit Area. The exact positions of the truncation lines are presently unknown; nonetheless, drill-hole data indicates that there is significant area within the Permit Area that is underlain by potentially mineable potash in the Esterhazy Member.
This historical drill hole data is reported for information purposes only since the drilling data was collected prior the development of the NI 43-101 reporting standards. This drilling information has not been verified by Potash North and therefore should be considered unreliable until further work confirms such results. Currently there is no measured, indicated or inferred resource in the Permit Areas.
Mineralization:
The potash mineralization identified in the Permit Area from drill-hole data consists of two principal members: the Belle Plaine and Esterhazy. These members were identified by Mr. Halabura based on assays, cores, core descriptions and gamma ray logs, all available from the Saskatchewan Ministry of Energy and Resources located in Regina. Seven of the fourteen drill holes identified in the immediate proximity of the Permit Area penetrate the potash-bearing beds. Of these, four (DH01, DH03, DH12, and DH14) have sufficient assayed core to allow the calculation of potash mineralization thickness and grade, and all four are located within the Permit Area. Of the remaining three holes (DH02, DH05, and DH10) that cored through the Prairie Evaporite Formation, no assay data is available because they are interpreted to be "leach" anomalies. The remainder of the historical holes were not drilled deep enough to penetrate the potash bearing zone.
The average thickness and weighted-average potash grade expressed as "percent potassium oxide" or "% K2O" and the insolubles based on the averages for four cored locations, two for each member sited in the northwestern corner of KP 417 for Belle Plaine Member (DH12 and DH14) and southeastern corner of KP 416 for the Esterhazy Member (DH01 and DH03) are listed below:
Belle Plaine Member: 2.70 meters averaging 21.89% K2O, 3.40% insolubles and 2.13% carnallite
Esterhazy Member: 3.45 meters averaging 21.55% K2O, 0.80% insolubles, and 10.80% carnallite
Risks:
Additional work is required to further investigate three areas of risk:
1. Continuity risk: This risk is the uncertainty concerning the continuity of potash mineralization. The distribution of core holes with potash mineralization intermixed with core holes without significant potash intersections suggests a complex depositional and post-depositional history. The barren holes are interpreted to be due to collapse anomalies and leached zones which may be localized in extent. Two- and three-dimensional seismic surveys are necessary to establish the continuity of potash mineralization in the Permit Area and to determine the northern limit of mineralization.
2. Quality risk: This risk is the uncertainty concerning the quality of potash mineralization and the distribution of carnallite, particularly in the Esterhazy Member. This risk can be mitigated with additional core analysis of future holes and evaluation of the impact of carnallite on mining and processing.
3. The thickness and continuity of the salt back: The thickness of the salt interval between the top of the selected mining horizon to the top of the Prairie Evaporite Formation, commonly referred to as the "salt back", is an important parameter in safe mine design and operation. The salt back controls the need for ground support and the acceptable mining roof span and typically a salt back thickness from 6 to 10 m is required for safe and efficient mining using conventional underground mining techniques as in use at Mosaic's Esterhazy Mine and PCS's Rocanville Mine. This risk can be mitigated by gaining a better appreciation for overall thickness and distribution of the Esterhazy Member, and rock mechanical studies to determine a reasonable salt back thickness.
Recommendations:
In order to estimate the potash potential of the Permit Area, the Technical Report recommends conducting a 2D seismic survey followed by local 3D seismic surveys and selected drilling to establish the continuity of the mineralization by identifying portions of the ground that may contain anomalies that affect potash mineralization.
A three-phase exploration is recommended for advancement of Potash North's property in the KP-416 and KP-147 Permit Areas. The exploration program includes engineering studies as the project matures from a prospect to a commercial mine plan. The three phases outlined below take the project through Preliminary Feasibility, should each preceding phase bear a favorable recommendation to proceed. The plan outlined below does not consider activities specifically required for permitting and compliance with environmental regulations.
Phase I
Design and implement an extensive 2D Seismic Survey of the Permit Areas - estimated cost $1.5 to $2.5 million depending upon final design of line layouts;
Phase II
Drill three to five core holes to intersect and sample the potash Members. The location of the holes would be selected after the 2D seismic survey has been completed and interpreted. The holes would be located to establish and confirm a potential reportable resource in compliance with NI 43-101 standards and would include at least one hole close to an existing core hole for verification of the historical core-hole data. Estimated Cost: $3 to $5 million;
Complete a Preliminary Assessment in compliance with NI 43-101. This includes development of a geologic model, a proposed mine, process, and marketing plan, and preliminary capital and operating costs for the project. The Technical Report may identify NI 43-101 compliant Resource. Estimated Cost: $500,000;
Phase III
Complete a 3D seismic survey in the areas of highest potential for commercial mining. Estimated Cost: $3 million.
Drill additional holes as necessary to confirm the extent of potash and anomalies in the area of the mine plan and provide preliminary input for shaft design and groundwater control. Estimated Cost: $3 to $6 million.
Complete a Preliminary Feasibility Study to establish project costs and define Reserves in compliance with NI 43-101 standards. Estimated Cost: $3 million.
The complete Technical Report has been filed on SEDAR and the Company's web site.
Potash North is currently negotiating service contracts and will commence the recommended Phase I program as soon as practicable.
The technical content in this news release has been read and approved by Stephen P. Halabura P. Geo., a consultant to Potash North and Principal Geologist and Owner of North Rim Exploration Ltd., a Professional Geologist licensed in Saskatchewan and a Qualified Person as defined by NI 43-101. Mr. Halabura is independent of Potash North.
ON BEHALF OF THE BOARD
Craig A. Angus, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Potash North NI 43-101 Report Filed
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - Potash North Resource Corporation ("Potash North" or the "Company") (TSX VENTURE:PON) is pleased to announce it has received a Technical Report compliant with NI 43-101 for its KP 416, KP 417 permit areas located in south eastern, Saskatchewan. Dr. Michael Hardy of Agapito Associates Inc. of Colorado, USA and Steve Halabura of North Rim Exploration of Saskatoon, Saskatchewan authored the report.
The Permit Area is in close proximity to existing rail, road, and electrical grids and is located immediately north of existing commercial potash mines operated by Mosaic Potash and the Potash Corporation of Saskatchewan. The Permit Area is located approximately 35 kilometers (km) northeast of the town of Esterhazy and approximately 20 km northeast of the operating Esterhazy, K1, and K2 underground potash mines owned by Mosaic Potash Esterhazy. The southernmost boundary of the KP 416 permit area is located some 45 km from the Potash Corporation of Saskatchewan's Rocanville Mine.
Four cored and assayed holes that have commercial-grade potash intersections are available and have been inspected by Dr. Michael Hardy and Mr. Steve Halabura. The length-weighted average grade for the Belle Plaine and Esterhazy intersections from those four holes is listed in Table 1. Three other holes were cored within the Permit Area but did not intersect potash mineralization because they were either not deep enough to penetrate the potash bearing zones or show evidence of leaching of the potash mineralization.
Table 1. Length-Weighted Average Assay Results
---------------------------------------------------------------------------------------------------------------------------------------------------- % Carn- allite Depth Thick- (KCl. % WaterGeologic Interval ness MgCl2. Insol-Unit Drill Hole (m) (m) % K2O % KCl 6H2O) ubles--------------------------------------------------------------------------Belle DH12 Southwest 820.5- 1.8 25.8 40.8 0.3 2.1Plaine Potash Corp. 822.3Member DH14 Southwest 833.0- 3.4 18.3 29.0 3.8 4.6 Potash Corp. 836.4-------------------------------------------------------------------------- DH01 Canberra 791.2- 3.3 21.5 34.1 9.7 0.9 Langenburg 794.5Esterhazy DH03 Canberra 837.6- 3.6 21.6 34.1 11.8 0.7Member Langenburg 841.2 DH14 Southwest 857.6- 15.7 9.2 14.5 8.9 1.0 Potash Corp. 873.3----------------------------------------------------------------------------------------------------------------------------------------------------
Historical data suggests that the northern limit of the Belle Plaine Member intersects the western portion of the Permit Area and that the Esterhazy Member is truncated through the Permit Area. The exact positions of the truncation lines are presently unknown; nonetheless, drill-hole data indicates that there is significant area within the Permit Area that is underlain by potentially mineable potash in the Esterhazy Member.
This historical drill hole data is reported for information purposes only since the drilling data was collected prior the development of the NI 43-101 reporting standards. This drilling information has not been verified by Potash North and therefore should be considered unreliable until further work confirms such results. Currently there is no measured, indicated or inferred resource in the Permit Areas.
Mineralization:
The potash mineralization identified in the Permit Area from drill-hole data consists of two principal members: the Belle Plaine and Esterhazy. These members were identified by Mr. Halabura based on assays, cores, core descriptions and gamma ray logs, all available from the Saskatchewan Ministry of Energy and Resources located in Regina. Seven of the fourteen drill holes identified in the immediate proximity of the Permit Area penetrate the potash-bearing beds. Of these, four (DH01, DH03, DH12, and DH14) have sufficient assayed core to allow the calculation of potash mineralization thickness and grade, and all four are located within the Permit Area. Of the remaining three holes (DH02, DH05, and DH10) that cored through the Prairie Evaporite Formation, no assay data is available because they are interpreted to be "leach" anomalies. The remainder of the historical holes were not drilled deep enough to penetrate the potash bearing zone.
The average thickness and weighted-average potash grade expressed as "percent potassium oxide" or "% K2O" and the insolubles based on the averages for four cored locations, two for each member sited in the northwestern corner of KP 417 for Belle Plaine Member (DH12 and DH14) and southeastern corner of KP 416 for the Esterhazy Member (DH01 and DH03) are listed below:
Belle Plaine Member: 2.70 meters averaging 21.89% K2O, 3.40% insolubles and 2.13% carnallite
Esterhazy Member: 3.45 meters averaging 21.55% K2O, 0.80% insolubles, and 10.80% carnallite
Risks:
Additional work is required to further investigate three areas of risk:
1. Continuity risk: This risk is the uncertainty concerning the continuity of potash mineralization. The distribution of core holes with potash mineralization intermixed with core holes without significant potash intersections suggests a complex depositional and post-depositional history. The barren holes are interpreted to be due to collapse anomalies and leached zones which may be localized in extent. Two- and three-dimensional seismic surveys are necessary to establish the continuity of potash mineralization in the Permit Area and to determine the northern limit of mineralization.
2. Quality risk: This risk is the uncertainty concerning the quality of potash mineralization and the distribution of carnallite, particularly in the Esterhazy Member. This risk can be mitigated with additional core analysis of future holes and evaluation of the impact of carnallite on mining and processing.
3. The thickness and continuity of the salt back: The thickness of the salt interval between the top of the selected mining horizon to the top of the Prairie Evaporite Formation, commonly referred to as the "salt back", is an important parameter in safe mine design and operation. The salt back controls the need for ground support and the acceptable mining roof span and typically a salt back thickness from 6 to 10 m is required for safe and efficient mining using conventional underground mining techniques as in use at Mosaic's Esterhazy Mine and PCS's Rocanville Mine. This risk can be mitigated by gaining a better appreciation for overall thickness and distribution of the Esterhazy Member, and rock mechanical studies to determine a reasonable salt back thickness.
Recommendations:
In order to estimate the potash potential of the Permit Area, the Technical Report recommends conducting a 2D seismic survey followed by local 3D seismic surveys and selected drilling to establish the continuity of the mineralization by identifying portions of the ground that may contain anomalies that affect potash mineralization.
A three-phase exploration is recommended for advancement of Potash North's property in the KP-416 and KP-147 Permit Areas. The exploration program includes engineering studies as the project matures from a prospect to a commercial mine plan. The three phases outlined below take the project through Preliminary Feasibility, should each preceding phase bear a favorable recommendation to proceed. The plan outlined below does not consider activities specifically required for permitting and compliance with environmental regulations.
Phase I
Design and implement an extensive 2D Seismic Survey of the Permit Areas - estimated cost $1.5 to $2.5 million depending upon final design of line layouts;
Phase II
Drill three to five core holes to intersect and sample the potash Members. The location of the holes would be selected after the 2D seismic survey has been completed and interpreted. The holes would be located to establish and confirm a potential reportable resource in compliance with NI 43-101 standards and would include at least one hole close to an existing core hole for verification of the historical core-hole data. Estimated Cost: $3 to $5 million;
Complete a Preliminary Assessment in compliance with NI 43-101. This includes development of a geologic model, a proposed mine, process, and marketing plan, and preliminary capital and operating costs for the project. The Technical Report may identify NI 43-101 compliant Resource. Estimated Cost: $500,000;
Phase III
Complete a 3D seismic survey in the areas of highest potential for commercial mining. Estimated Cost: $3 million.
Drill additional holes as necessary to confirm the extent of potash and anomalies in the area of the mine plan and provide preliminary input for shaft design and groundwater control. Estimated Cost: $3 to $6 million.
Complete a Preliminary Feasibility Study to establish project costs and define Reserves in compliance with NI 43-101 standards. Estimated Cost: $3 million.
The complete Technical Report has been filed on SEDAR and the Company's web site.
Potash North is currently negotiating service contracts and will commence the recommended Phase I program as soon as practicable.
The technical content in this news release has been read and approved by Stephen P. Halabura P. Geo., a consultant to Potash North and Principal Geologist and Owner of North Rim Exploration Ltd., a Professional Geologist licensed in Saskatchewan and a Qualified Person as defined by NI 43-101. Mr. Halabura is independent of Potash North.
ON BEHALF OF THE BOARD
Craig A. Angus, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Rüschdüsch!!!
Ist ganz klar der aktuelle Belastungsfaktor! Denke, dass schon bei ersten Erholungstendenzen CMI enorm anspringen wird. Die würden bei einem Nickelpreis von 8 $ noch sehr profitabel produzieren!
Ist ganz klar der aktuelle Belastungsfaktor! Denke, dass schon bei ersten Erholungstendenzen CMI enorm anspringen wird. Die würden bei einem Nickelpreis von 8 $ noch sehr profitabel produzieren!
[url=http://peketec.de/trading/viewtopic.php?p=438068#438068 schrieb:dukezero schrieb am 08.07.2008, 14:00 Uhr[/url]"][url=http://peketec.de/trading/viewtopic.php?p=438064#438064 schrieb:Ollinho schrieb am 08.07.2008, 13:57 Uhr[/url]"]-CMI- Crowflight Minerals
Extrem anhaltende Insti-Käufe seit Monaten!!!!
Institutional Holders Summary
Crowflight Minerals Inc (TSX Venture Exchange)
Sector: Basic Materials . Industry: Mining & Metals - Specialty · View CML on other exchanges
As of 6 Jul 20080.48CAD Price Change+0.00 Percent Change+0.00% Analyst Recommendations
% Shares Owned: 46.97% # New Positions: 11
# of Holders: 18 # Closed Positions: 0
Total Shares Held: 118,034,633 # Increased Positions: 12
3 Mo. Net Change: 70,587,525 # Reduced Positions: 3
# Net Buyers: 9
Find out more about CML.V
Quelle: http://www.reuters.com/finance/stocks/institutionalHolders?symbol=CML.V
» zur Grafik
Wenn der mal dreht gehts rund!!
Sehr Gut! 
Jul 08, 2008 08:30 ET
Tenajon Announces High Grade Near Surface Results From Moly Brook, Newfoundland
Results Include 213.47 Metres Averaging 0.100% Molybdenum
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company" or "Tenajon") today announced that it has received the results for Holes MB-08-15 to MB-08-19 and the remainder of Hole MB-08-14 from it's Moly Brook Molybdenum Property, located on the south coast of Newfoundland.
Holes MB-08-15 to MB-08-19 were part of an initial 6100 metre Phase 1 drill program designed to test the along strike and dip extensions of the molybdenum mineralization outside of the central core of molybdenum mineralization previously identified. Due to the favorable results in the Phase 1 drill program the Company has commenced and is currently completing a 3050 metre Phase 2 drill program.
Holes MB-08-15, MB-08-17 and MB-08-19 were drilled to define the western limits of the Moly Brook Zone. Holes MB-08-14, MB-08-16 and MB-08-18 were completed to test the eastern third of the zone at depths of up to 300 metres below surface. All of the holes intersected widespread molybdenum values.
Hole MB-08-15 intersected a 360.37 metre section, commencing from surface, averaging 0.074% molybdenum. Within the intercept there is a 213.47 metre high grade section averaging 0.100% molybdenum, which correlates with a 222.50 metre intercept averaging 0.076% molybdenum located in Hole MB-08-13, 80 metres to the south. Hole MB-08-17, drilled to test the continuity of the high grade intercept in Hole MB-08-15, 80 to 130 metres up dip, intersected a 109.76 metre section averaging 0.054% molybdenum. Within the intercept, there are high grade sections of 15.25 and 18.3 metres respectively averaging 0.091% and 0.100% molybdenum. Hole MB-08-19, located 80 metres north of Hole MB-08-17 was drilled to test the along strike extension of the mineralization observed in Hole MB-08-17 and the up dip extension to the western half of Hole MB-07-2 (205metres averaging 0.078% molybdenum). Anomalous molybdenum values were encountered throughout the length of the hole, with the hole intersecting a 286.51 metre section averaging 0.044% molybdenum. Within the hole there are higher grade intercepts including a 67.05 metre section averaging 0.071% molybdenum that correlates well with a high grade intercept of 109.73 metres averaging 0.097% molybdenum located in hole MB-07-02.
"The Moly Brook property continues to deliver high grade, near surface results from this year's drill program," said Bruce McLeod, President & CEO of Tenajon. Mr. McLeod adds, "We have consistently seen wide intercepts of near surface molybdenum mineralization over a broad area. The Moly Brook deposit is demonstrating all the key ingredients of a potential bulk tonnage and open pittable deposit."
Hole MB-08-16 and MB-08-19 respectively tested at depth the eastern third of the Moly Brook Zone 100 and 180 metres along strike from Hole MB-08-14. Hole MB-08-14 intersected a 262.22 metre intercept averaging 0.074% molybdenum including a 76.49 metre high grade intercept averaging 0.131% molybdenum. Both holes intersected extensive zones of anomalous values up to 300 metres below surface. Hole MB-08-18 intersected a 246.98 metre section averaging 0.048% molybdenum. Within the intercept there are higher grade intersections including a 57.9 metre section averaging 0.061% molybdenum. Hole MB-08-16 intersected sections of 54.88 and 60.97 metres respectively averaging 0.065% and 0.053% molybdenum at depths of up to 300 metres below surface. The results for Holes MB-08-13 to MB-08-19 along with that from Hole MB-08-14 are reported at the end of this press release. For current drill hole locations along with detailed cross sections please view the accompanying maps:
http://www.tenajon.com/i/maps/MolyBrook/2008-07-08DHLocationMap.jpg
http://www.tenajon.com/i/maps/MolyBrook/2008-07-08Section.jpg
The Moly Brook Property is located 2.5 km from the hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord. The community is serviced daily by provincial ferries. For the duration of the program the crew is operating out of a recently established 25 person camp, centrally located on the property. Drill moves are completed using tracked equipment.
The Moly Brook Zone is located at the north end of a 2.5 km long trend of sheeted quartz veining, stockwork and fracturing in which molybdenum occurs. At the Moly Brook Zone drilling has intersected molybdenum within sheeted quartz veins, in quartz vein stockwork and along fracture faces. Drilling has traced the zone along strike for 750 metres depths to over 300 metres below surface. The zone is open to the north and south. Assuming a general sub vertical orientation to the zone the width is variable to 500 metres.
The drill program at Moly Brook is being completed by Geoscott Consultants under the supervision of Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101.
At Moly Brook, drill core is sawn into halves with on half being sent for analysis and the other kept for future reference. All samples are prepared at Accurassay Labs' prep facility in Gambo, Newfoundland using a 600 gram split with the resultant pulp being analyzed at Accurassay Labs, Thunder Bay, Ontario using a 4 acid digestion with analysis by Induced Couple Polarization (ICP). A stringent program of check, blank and duplicate sampling is employed.
On Behalf of the Board of Directors
TENAJON RESOURCES CORP.
D. Bruce McLeod, President
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements.
Forward looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
Table of Results for Moly Brook Property Holes MB-08-13 to MB-08-19
--------------------------------------------------------------------- Length From To Interval Mo MoS2 HOLE (m) (m) (m) (m) (m) (m)---------------------------------------------------------------------MB-08-13 410.67 1.53 410.67 409.14 0.061 0.102 --------------------------------------------------------------------- or 108.81 349.6 240.79 0.074 0.123 --------------------------------------------------------------------- inc 127.15 157.58 30.48 0.119 0.198 --------------------------------------------------------------------- inc 215.49 270.43 54.94 0.094 0.157 --------------------------------------------------------------------- inc 307.01 322.17 15.16 0.092 0.153 --------------------------------------------------------------------- inc 340.64 349.6 8.61 0.099 0.165 --------------------------------------------------------------------- 386.28 404.57 18.29 0.071 0.118 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-14 401.4 87.48 349 262.22 0.069 0.115 --------------------------------------------------------------------- inc 87.43 114.91 27.43 0.073 0.122 --------------------------------------------------------------------- or 200.03 337.5 137.47 0.092 0.153 --------------------------------------------------------------------- inc 200.03 276.52 76.52 0.131 0.218 --------------------------------------------------------------------- and 316.16 337.5 21.34 0.08 0.133 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-15 1.5 361.89 360.37 0.074 0.123 --------------------------------------------------------------------- 130.18 343.6 213.47 0.1 0.167 --------------------------------------------------------------------- or 151.52 239.94 88.42 0.118 0.197 --------------------------------------------------------------------- and 291.77 343.6 51.83 0.107 0.178 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-16 215.55 276.52 60.97 0.053 0.088 --------------------------------------------------------------------- 355.79 438.11 82.32 0.052 0.087 --------------------------------------------------------------------- inc 377.13 432.01 54.88 0.065 0.108 --------------------------------------------------------------------- or 377.13 386.28 9.15 0.156 0.26 --------------------------------------------------------------------- and 419.82 432.01 12.4 0.07 0.117 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-17 72.56 182.32 109.76 0.054 0.09 --------------------------------------------------------------------- or 96.95 182.32 85.47 0.062 0.103 --------------------------------------------------------------------- inc 96.95 112.2 15.25 0.092 0.153 --------------------------------------------------------------------- and 139.63 182.32 42.59 0.074 0.123 --------------------------------------------------------------------- inc 139.63 157.93 18.3 0.1 0.167 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-18 133.2 380.18 246.98 0.049 0.082 --------------------------------------------------------------------- inc 133.2 188.06 48.75 0.065 0.108 --------------------------------------------------------------------- 212.45 264.33 51.88 0.056 0.093 --------------------------------------------------------------------- 313.11 331.4 18.39 0.063 0.105 --------------------------------------------------------------------- 355.79 380.18 24.4 0.065 0.108 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-19 81.99 368.5 286.5 0.044 0.073 --------------------------------------------------------------------- inc 109.43 176.48 87.05 0.071 0.118 --------------------------------------------------------------------- or 109.43 124.66 15.23 0.1 0.167 --------------------------------------------------------------------- 161.24 176.48 15.23 0.099 0.165 --------------------------------------------------------------------- 280.11 301.45 21.34 0.065 0.108 ---------------------------------------------------------------------
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Jul 08, 2008 08:30 ET
Tenajon Announces High Grade Near Surface Results From Moly Brook, Newfoundland
Results Include 213.47 Metres Averaging 0.100% Molybdenum
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company" or "Tenajon") today announced that it has received the results for Holes MB-08-15 to MB-08-19 and the remainder of Hole MB-08-14 from it's Moly Brook Molybdenum Property, located on the south coast of Newfoundland.
Holes MB-08-15 to MB-08-19 were part of an initial 6100 metre Phase 1 drill program designed to test the along strike and dip extensions of the molybdenum mineralization outside of the central core of molybdenum mineralization previously identified. Due to the favorable results in the Phase 1 drill program the Company has commenced and is currently completing a 3050 metre Phase 2 drill program.
Holes MB-08-15, MB-08-17 and MB-08-19 were drilled to define the western limits of the Moly Brook Zone. Holes MB-08-14, MB-08-16 and MB-08-18 were completed to test the eastern third of the zone at depths of up to 300 metres below surface. All of the holes intersected widespread molybdenum values.
Hole MB-08-15 intersected a 360.37 metre section, commencing from surface, averaging 0.074% molybdenum. Within the intercept there is a 213.47 metre high grade section averaging 0.100% molybdenum, which correlates with a 222.50 metre intercept averaging 0.076% molybdenum located in Hole MB-08-13, 80 metres to the south. Hole MB-08-17, drilled to test the continuity of the high grade intercept in Hole MB-08-15, 80 to 130 metres up dip, intersected a 109.76 metre section averaging 0.054% molybdenum. Within the intercept, there are high grade sections of 15.25 and 18.3 metres respectively averaging 0.091% and 0.100% molybdenum. Hole MB-08-19, located 80 metres north of Hole MB-08-17 was drilled to test the along strike extension of the mineralization observed in Hole MB-08-17 and the up dip extension to the western half of Hole MB-07-2 (205metres averaging 0.078% molybdenum). Anomalous molybdenum values were encountered throughout the length of the hole, with the hole intersecting a 286.51 metre section averaging 0.044% molybdenum. Within the hole there are higher grade intercepts including a 67.05 metre section averaging 0.071% molybdenum that correlates well with a high grade intercept of 109.73 metres averaging 0.097% molybdenum located in hole MB-07-02.
"The Moly Brook property continues to deliver high grade, near surface results from this year's drill program," said Bruce McLeod, President & CEO of Tenajon. Mr. McLeod adds, "We have consistently seen wide intercepts of near surface molybdenum mineralization over a broad area. The Moly Brook deposit is demonstrating all the key ingredients of a potential bulk tonnage and open pittable deposit."
Hole MB-08-16 and MB-08-19 respectively tested at depth the eastern third of the Moly Brook Zone 100 and 180 metres along strike from Hole MB-08-14. Hole MB-08-14 intersected a 262.22 metre intercept averaging 0.074% molybdenum including a 76.49 metre high grade intercept averaging 0.131% molybdenum. Both holes intersected extensive zones of anomalous values up to 300 metres below surface. Hole MB-08-18 intersected a 246.98 metre section averaging 0.048% molybdenum. Within the intercept there are higher grade intersections including a 57.9 metre section averaging 0.061% molybdenum. Hole MB-08-16 intersected sections of 54.88 and 60.97 metres respectively averaging 0.065% and 0.053% molybdenum at depths of up to 300 metres below surface. The results for Holes MB-08-13 to MB-08-19 along with that from Hole MB-08-14 are reported at the end of this press release. For current drill hole locations along with detailed cross sections please view the accompanying maps:
http://www.tenajon.com/i/maps/MolyBrook/2008-07-08DHLocationMap.jpg
http://www.tenajon.com/i/maps/MolyBrook/2008-07-08Section.jpg
The Moly Brook Property is located 2.5 km from the hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord. The community is serviced daily by provincial ferries. For the duration of the program the crew is operating out of a recently established 25 person camp, centrally located on the property. Drill moves are completed using tracked equipment.
The Moly Brook Zone is located at the north end of a 2.5 km long trend of sheeted quartz veining, stockwork and fracturing in which molybdenum occurs. At the Moly Brook Zone drilling has intersected molybdenum within sheeted quartz veins, in quartz vein stockwork and along fracture faces. Drilling has traced the zone along strike for 750 metres depths to over 300 metres below surface. The zone is open to the north and south. Assuming a general sub vertical orientation to the zone the width is variable to 500 metres.
The drill program at Moly Brook is being completed by Geoscott Consultants under the supervision of Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101.
At Moly Brook, drill core is sawn into halves with on half being sent for analysis and the other kept for future reference. All samples are prepared at Accurassay Labs' prep facility in Gambo, Newfoundland using a 600 gram split with the resultant pulp being analyzed at Accurassay Labs, Thunder Bay, Ontario using a 4 acid digestion with analysis by Induced Couple Polarization (ICP). A stringent program of check, blank and duplicate sampling is employed.
On Behalf of the Board of Directors
TENAJON RESOURCES CORP.
D. Bruce McLeod, President
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements.
Forward looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.
Table of Results for Moly Brook Property Holes MB-08-13 to MB-08-19
--------------------------------------------------------------------- Length From To Interval Mo MoS2 HOLE (m) (m) (m) (m) (m) (m)---------------------------------------------------------------------MB-08-13 410.67 1.53 410.67 409.14 0.061 0.102 --------------------------------------------------------------------- or 108.81 349.6 240.79 0.074 0.123 --------------------------------------------------------------------- inc 127.15 157.58 30.48 0.119 0.198 --------------------------------------------------------------------- inc 215.49 270.43 54.94 0.094 0.157 --------------------------------------------------------------------- inc 307.01 322.17 15.16 0.092 0.153 --------------------------------------------------------------------- inc 340.64 349.6 8.61 0.099 0.165 --------------------------------------------------------------------- 386.28 404.57 18.29 0.071 0.118 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-14 401.4 87.48 349 262.22 0.069 0.115 --------------------------------------------------------------------- inc 87.43 114.91 27.43 0.073 0.122 --------------------------------------------------------------------- or 200.03 337.5 137.47 0.092 0.153 --------------------------------------------------------------------- inc 200.03 276.52 76.52 0.131 0.218 --------------------------------------------------------------------- and 316.16 337.5 21.34 0.08 0.133 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-15 1.5 361.89 360.37 0.074 0.123 --------------------------------------------------------------------- 130.18 343.6 213.47 0.1 0.167 --------------------------------------------------------------------- or 151.52 239.94 88.42 0.118 0.197 --------------------------------------------------------------------- and 291.77 343.6 51.83 0.107 0.178 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-16 215.55 276.52 60.97 0.053 0.088 --------------------------------------------------------------------- 355.79 438.11 82.32 0.052 0.087 --------------------------------------------------------------------- inc 377.13 432.01 54.88 0.065 0.108 --------------------------------------------------------------------- or 377.13 386.28 9.15 0.156 0.26 --------------------------------------------------------------------- and 419.82 432.01 12.4 0.07 0.117 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-17 72.56 182.32 109.76 0.054 0.09 --------------------------------------------------------------------- or 96.95 182.32 85.47 0.062 0.103 --------------------------------------------------------------------- inc 96.95 112.2 15.25 0.092 0.153 --------------------------------------------------------------------- and 139.63 182.32 42.59 0.074 0.123 --------------------------------------------------------------------- inc 139.63 157.93 18.3 0.1 0.167 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-18 133.2 380.18 246.98 0.049 0.082 --------------------------------------------------------------------- inc 133.2 188.06 48.75 0.065 0.108 --------------------------------------------------------------------- 212.45 264.33 51.88 0.056 0.093 --------------------------------------------------------------------- 313.11 331.4 18.39 0.063 0.105 --------------------------------------------------------------------- 355.79 380.18 24.4 0.065 0.108 ---------------------------------------------------------------------
---------------------------------------------------------------------MB-08-19 81.99 368.5 286.5 0.044 0.073 --------------------------------------------------------------------- inc 109.43 176.48 87.05 0.071 0.118 --------------------------------------------------------------------- or 109.43 124.66 15.23 0.1 0.167 --------------------------------------------------------------------- 161.24 176.48 15.23 0.099 0.165 --------------------------------------------------------------------- 280.11 301.45 21.34 0.065 0.108 ---------------------------------------------------------------------
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Advanced Explorations Inc. Intersects 45.6 % Fe
ADVANCED EXPLORATIONS INC AXI
7/8/2008 8:52:23 AM
TORONTO, Jul 8, 2008 (Canada NewsWire via COMTEX News Network) --
Advanced Explorations Inc. (the "Company or AEI") is pleased to announce new results from Zone C1 drilling on its Roche Bay iron project in Nunavut. To date the company has completed over 5,500 metres of sampling in 2008 that includes 706 metres from previous drilling. Hole RB-07-16 has returned a 12 metre interval averaging 45.56% Fe within a broader interval of 85 metres that averaged 29.91% Fe. The high grade intersection occurs in an area that was thought to be predominantly lower grade material ((less than)26% Fe). High grade intersections such as this indicate the potential to increase the high grade zone intersected in the northern portion of C1.
The Company currently has 4 drills turning with production now close to 1500 metres in the last week. AEI has completed over 6,980 metres of drilling (32 holes) to date this year which includes a number of geotech holes drilled in support of the pre-feasibility study plant site locations. Work to date has focused on the C Zone in support of the MAN Ferrostaal study. While much of the drilling has been in-fill (delineation), AEI has extended the C Zone another 600 metres further along strike to the north. The Company has now drill tested 5000 metres of the over 6000 metres of inferred strike. A total of 25 holes are awaiting assay results.
John Gingerich, President and CEO of AEI, commented;
"We are very encouraged by the results of this year's drilling. Results
are as expected, but we are seeing the possibility of increasing the
extent of the high grade mineralization, as well as, additional zones
within the footwall. Getting turnaround of assay results remains a
challenge. However, we are working on solutions with SGS Lakefield."
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
Analysis: All the recent drill core analysis reported in this release was performed by SGS Lakefield Research. At SGS samples are analyzed for total Fe using XRF techniques. SGS also undertakes Satmagan analysis to estimate the portion of magnetic iron. The company augments the laboratory QA/QC procedures by selectively adding additional control samples. Core sample intervals for 2007 were 1 metre and increased to 2 metres except where intervals cross geologic boundaries in which case the sample length is adjusted accordingly.
New Grid: The Company has redefined the exploration grid as part of the engineering studies. The line coordinates (east-west) remain the same but the line sections have been transformed to eliminate a grid south reference. All previous grid lines have been increased by 14,400 metres. (e.g. previous line 2800S now 11600N)
<<
Summary of results
-------------------------------------------------------------------------
Hole Plan Line Dip Iron Iron Interval % Fe Comment
N Fm Fm (m)
(from) (to)
m m
-------------------------------------------------------------------------
RB-07-16 RBC07-9V 11800 -70 88.0 173 85 29.91 C1
degrees W
-------------------------------------------------------------------------
95.0 107.0 12 45.56 includes
-------------------------------------------------------------------------
173.0 268.0 95 22.66 Footwall
-------------------------------------------------------------------------
316.0 341.0 25 27.7 Footwall
-------------------------------------------------------------------------
RB-07-12 RBC07-7W 12200 -60 42.0 147.0 105 27.87
degrees W
-------------------------------------------------------------------------
RB-07-15V RBC07-21V 10200 -90 36.26 169.0 132.74 24.56 C1
degrees W
-------------------------------------------------------------------------
172.0 252.38 80.38 29.35 C1
-------------------------------------------------------------------------
326.35 379.52 53.17 32.67 Footwall
-------------------------------------------------------------------------
RB-08-40 RBC-08-40 11600 -45 49.41 217.49 168.08 26.21 C1
degrees W
-------------------------------------------------------------------------
>>
Gary Williams P. Geo and VP of Advanced Explorations Inc. is the QP within the meaning of 43-101 and has reviewed and approved the content of this release.
ABOUT Advanced Explorations Inc.
AEI, based in Toronto, Canada, is exclusively focused on developing high quality iron ore opportunities. In early 2007 the Company expanded its capabilities in iron ore exploration and development with the acquisition of strategic management personnel. AEI has the management, technical and exploration expertise and experience to rapidly advance the Roche Bay magnetite project which was acquired in June, 2007, as well as develop new opportunities in the area and globally. The Roche Bay magnetite project located proximal to a natural harbour makes it potentially one of the world's premier iron ore opportunities. Shares of the company trade on the TSX Venture Exchange under the symbol AXI. For more information please visit www.Advanced-Exploration.com.
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE
CONTENTS HEREIN.
This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
SOURCE: Advanced Explorations Inc.
John Gingerich, President & CEO, Tel: (416) 203-0057
ADVANCED EXPLORATIONS INC AXI
7/8/2008 8:52:23 AM
TORONTO, Jul 8, 2008 (Canada NewsWire via COMTEX News Network) --
Advanced Explorations Inc. (the "Company or AEI") is pleased to announce new results from Zone C1 drilling on its Roche Bay iron project in Nunavut. To date the company has completed over 5,500 metres of sampling in 2008 that includes 706 metres from previous drilling. Hole RB-07-16 has returned a 12 metre interval averaging 45.56% Fe within a broader interval of 85 metres that averaged 29.91% Fe. The high grade intersection occurs in an area that was thought to be predominantly lower grade material ((less than)26% Fe). High grade intersections such as this indicate the potential to increase the high grade zone intersected in the northern portion of C1.
The Company currently has 4 drills turning with production now close to 1500 metres in the last week. AEI has completed over 6,980 metres of drilling (32 holes) to date this year which includes a number of geotech holes drilled in support of the pre-feasibility study plant site locations. Work to date has focused on the C Zone in support of the MAN Ferrostaal study. While much of the drilling has been in-fill (delineation), AEI has extended the C Zone another 600 metres further along strike to the north. The Company has now drill tested 5000 metres of the over 6000 metres of inferred strike. A total of 25 holes are awaiting assay results.
John Gingerich, President and CEO of AEI, commented;
"We are very encouraged by the results of this year's drilling. Results
are as expected, but we are seeing the possibility of increasing the
extent of the high grade mineralization, as well as, additional zones
within the footwall. Getting turnaround of assay results remains a
challenge. However, we are working on solutions with SGS Lakefield."
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
Analysis: All the recent drill core analysis reported in this release was performed by SGS Lakefield Research. At SGS samples are analyzed for total Fe using XRF techniques. SGS also undertakes Satmagan analysis to estimate the portion of magnetic iron. The company augments the laboratory QA/QC procedures by selectively adding additional control samples. Core sample intervals for 2007 were 1 metre and increased to 2 metres except where intervals cross geologic boundaries in which case the sample length is adjusted accordingly.
New Grid: The Company has redefined the exploration grid as part of the engineering studies. The line coordinates (east-west) remain the same but the line sections have been transformed to eliminate a grid south reference. All previous grid lines have been increased by 14,400 metres. (e.g. previous line 2800S now 11600N)
<<
Summary of results
-------------------------------------------------------------------------
Hole Plan Line Dip Iron Iron Interval % Fe Comment
N Fm Fm (m)
(from) (to)
m m
-------------------------------------------------------------------------
RB-07-16 RBC07-9V 11800 -70 88.0 173 85 29.91 C1
degrees W
-------------------------------------------------------------------------
95.0 107.0 12 45.56 includes
-------------------------------------------------------------------------
173.0 268.0 95 22.66 Footwall
-------------------------------------------------------------------------
316.0 341.0 25 27.7 Footwall
-------------------------------------------------------------------------
RB-07-12 RBC07-7W 12200 -60 42.0 147.0 105 27.87
degrees W
-------------------------------------------------------------------------
RB-07-15V RBC07-21V 10200 -90 36.26 169.0 132.74 24.56 C1
degrees W
-------------------------------------------------------------------------
172.0 252.38 80.38 29.35 C1
-------------------------------------------------------------------------
326.35 379.52 53.17 32.67 Footwall
-------------------------------------------------------------------------
RB-08-40 RBC-08-40 11600 -45 49.41 217.49 168.08 26.21 C1
degrees W
-------------------------------------------------------------------------
>>
Gary Williams P. Geo and VP of Advanced Explorations Inc. is the QP within the meaning of 43-101 and has reviewed and approved the content of this release.
ABOUT Advanced Explorations Inc.
AEI, based in Toronto, Canada, is exclusively focused on developing high quality iron ore opportunities. In early 2007 the Company expanded its capabilities in iron ore exploration and development with the acquisition of strategic management personnel. AEI has the management, technical and exploration expertise and experience to rapidly advance the Roche Bay magnetite project which was acquired in June, 2007, as well as develop new opportunities in the area and globally. The Roche Bay magnetite project located proximal to a natural harbour makes it potentially one of the world's premier iron ore opportunities. Shares of the company trade on the TSX Venture Exchange under the symbol AXI. For more information please visit www.Advanced-Exploration.com.
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE
CONTENTS HEREIN.
This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
SOURCE: Advanced Explorations Inc.
John Gingerich, President & CEO, Tel: (416) 203-0057
Jul 08, 2008 09:00 ET
Petaquilla Copper Ltd. Responds to Announcement by Inmet Mining Corporation
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - Petaquilla Copper Ltd. ("Petaquilla Copper" or the "Company") (TSX:PTC) notes the announcement by Inmet Mining Corporation ("Inmet") (TSX:IMN) of Inmet's intention to acquire 100% of the outstanding shares of Petaquilla Copper. The offer is subject to a minimum 50.1% tender on a fully-diluted basis.
The Board of Directors of Petaquilla Copper will make its recommendation to the Company's shareholders once it has reviewed the full details of the offer. Until the Company completes its review, it will not comment further or speculate as to any future course of action it might take.
Genuity Capital Markets is acting as financial advisor to the Company and Blake, Cassels & Graydon LLP is acting as legal counsel.
About Petaquilla Copper Ltd. - Petaquilla Copper Ltd. is a resource development company headquartered in Vancouver, Canada. Its shares are listed on the Toronto Stock Exchange under the symbol PTC.
On behalf of the Board of Directors of PETAQUILLA COPPER LTD.
John Cook, President and Director
No Stock Exchange has approved or disapproved the information contained herein
Petaquilla Copper Ltd. Responds to Announcement by Inmet Mining Corporation
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - Petaquilla Copper Ltd. ("Petaquilla Copper" or the "Company") (TSX:PTC) notes the announcement by Inmet Mining Corporation ("Inmet") (TSX:IMN) of Inmet's intention to acquire 100% of the outstanding shares of Petaquilla Copper. The offer is subject to a minimum 50.1% tender on a fully-diluted basis.
The Board of Directors of Petaquilla Copper will make its recommendation to the Company's shareholders once it has reviewed the full details of the offer. Until the Company completes its review, it will not comment further or speculate as to any future course of action it might take.
Genuity Capital Markets is acting as financial advisor to the Company and Blake, Cassels & Graydon LLP is acting as legal counsel.
About Petaquilla Copper Ltd. - Petaquilla Copper Ltd. is a resource development company headquartered in Vancouver, Canada. Its shares are listed on the Toronto Stock Exchange under the symbol PTC.
On behalf of the Board of Directors of PETAQUILLA COPPER LTD.
John Cook, President and Director
No Stock Exchange has approved or disapproved the information contained herein
Gold Wheaton completes CDN$260 million private placement financing
Kadywood Capital Corp KDC.H
7/8/2008 9:30:49 AM
VANCOUVER, Jul 8, 2008 (Canada NewsWire via COMTEX News Network) --
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES/
Geld gibt es genug!!
Kadywood Capital Corp KDC.H
7/8/2008 9:30:49 AM
VANCOUVER, Jul 8, 2008 (Canada NewsWire via COMTEX News Network) --
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES/
Geld gibt es genug!!
Jul 08, 2008 10:00 ET
Southern Arc Minerals Inc. Makes Strategic Investment in Canada Nickel Corporation, Operationally Remains Focused on Advancement of Indonesian Properties
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc" or the "Company") is pleased to announce a strategic investment in Canada Nickel Corp. ("Canada Nickel"), a new private company. Southern Arc has purchased 15.3 million common shares for $5.355 million.
Southern Arc remains committed to its Indonesian properties and anticipates having a first review of the fifteen porphyry prospects at Selodong completed by July 31, 2008. Drill results from holes 21 to 23 will be released on July 10, 2008. Southern Arc operations will remain focused on Indonesia.
Subsequent to the investment in Canada Nickel and Southern Arc completing its 2008 Indonesian work program, the Company estimates that at December 31, 2008 it will still hold a minimum of $2.5 million in working capital.
Benefits of the Investment in Canada Nickel to Southern Arc Shareholders
- This investment in Canada Nickel is an unique opportunity for Southern Arc shareholders to participate in an emerging exploration district with a number of recent significant discoveries
- Canada Nickel has first-mover advantage in a previously undiscovered greenstone belt located in the James Bay Lowlands (northern Ontario, Canada)
- The James Bay Lowlands Nickel Project which is comprised of three non-contiguous blocks of mineral claims, the north block (Area 1), the east block (Area 2) and the south block (Area 3) see Figure 1, has an established operator in Diamondex Resources Ltd. ("Diamondex"), including a team of accomplished geologists and geophysicists with extensive experience in the region
- Diversification of Southern Arc assets with respect to projects, regions and commodities
- Reduction of the risk profile of the Company by participating in a project in Canada, and
- Creation of liquidity and funding options
Canada Nickel Corp.
Canada Nickel is a private company that is completing a non-brokered private placement consisting of up to 28 million shares at $0.35 per share for gross proceeds of up to $9.8 million. Southern Arc has subscribed for 15.3 million non-flow-through shares in consideration for $5.355 million. Canada Nickel is issuing the balance of up to 13.7 million shares to strategic arm's-length investors. Upon completion of the financing, Canada Nickel will have a maximum of 38 million common shares issued and outstanding.
The proceeds from Canada Nickel's private placement will be used toward meeting its obligations to earn a 51% interest in the James Bay Lowlands Nickel Project (the "Property"), pursuant to an option (the "Option") from Diamondex, a company listed on the TSX Venture Exchange. Canada Nickel can earn a 51% interest in the Property by:
(a) paying Diamondex $5 million on July 7, 2008 to reimburse Diamondex for prior exploration expenditures (which earns Canada Nickel a 10% interest). Canada Nickel has used the proceeds of the private placement to make this payment to Diamondex; and
(b) making $5 million in exploration expenditures in year 1 (which earns Canada Nickel a further 12% interest in the Property). Canada Nickel will use the proceeds of the private placement to immediately fund $1.1 million of the year 1 budget; and
(c) making a further $7 million in exploration expenditures in year 2 (which earns Canada Nickel a further 14% interest in the Property); and
(d) making a further $8 million in exploration expenditures in year 3 (which earns Canada Nickel a further 15% interest, for a total interest of 51%).
James Bay Lowlands Nickel Project
The Property was originally staked by Diamondex on the basis of regional aeromagnetic data, with support from recent and historic government interpretations of geology from magnetic data. The property includes key positive magnetic anomalies, typical of mafic and ultramafic lithologies and prospective for nickel mineralization, along the entire 250 km length of the newly interpreted greenstone belt. A few drill holes in the public domain corroborate the presence of the volcanic belt. There are few known rock outcrops in the staked area. Consequently, accurate interpretation of geophysical surveys has been used to identify viable drill targets. A 5,105 line-km Variable Time-delayed Electro-Magnetic (VTEM) survey was recently completed over approximately one-third of the Property (Area 2). Initial results indicate the presence of numerous high quality conductors with strong coincident magnetic anomalies. Interpreted strike lengths of thirty-five late-time conductors range from 300 metres to 1,600 metres. The basement conductors on this property have been interpreted by independent consultants to be excellent targets for magmatic sulphide exploration. The Property, at 407,400 acres (approximately 165,000 hectares), represents the largest land position in the district.
The Property is located in the "Ring of Fire" area (Figure 1), portions of which are within 12 kilometres of both the Double Eagle Nickel deposit (Ni 7.9%, Cu 3.4%, PGE (platinum group elements) 18.3 g/t over of 35 metres - hole 27, Jan 28, 2008, Noront Resources news release) and the McFauld's Lake VMS (volcanogenic massive sulphide) deposit (Cu 8.02% over a width of 18.8 metres - hole McF-04-57, Nov 4, 2004, Spider Resources news release). The property is approximately 65 kilometres southwest of De Beers' Victor Diamond Mine. The district has clear and demonstrated nickel, PGE and VMS (e.g., copper, zinc, lead, silver) potential.
Canada Nickel - Diamondex Exploration Program
Geotech Ltd. has been contracted to fly VTEM over the remaining parcels of the Property (Areas 1 and 3). The 8,000 line km survey is expected to get underway in the near term. During the summer season, Diamondex and Canada Nickel will follow-up selected high-priority airborne anomalies with detailed ground geophysical surveys to further assist conductor characterization and ranking (including width, dip, depth, and ultra-low frequency EM response). These efforts will aid in the target selection for the initial diamond drill test program, which is expected to get underway during Q4 of 2008 and be completed during Q1, 2009. It is expected that approximately 16 targets will be tested over this period.
Related Party Transaction
Southern Arc's investment in Canada Nickel was unanimously approved by the independent directors of the Company, who were advised by independent legal counsel that this transaction is a related-party transaction which does not require the Company to prepare a valuation or to seek shareholder approval under the policies of the TSX Venture Exchange or Multilateral Instrument 61-101. This investment in Canada Nickel represents less than 25% of Southern Arc's market capitalization, permitting the Company to rely upon the exemptions from the valuation and shareholder approval requirements contained in section 5.5 (a) and 5.7 (a) of MI 61-101. One item of primary consideration for the independent directors was the financial status of Southern Arc. Subsequent to the investment in Canada Nickel and Southern Arc completing its 2008 Indonesian work program, the Company estimates that at December 31, 2008 it will still hold a minimum of $2.5 million in working capital.
On closing of the private placement, John Proust, a director and President of Southern Arc, will own directly or indirectly 9.2 million common shares of Canada Nickel, for which he will have paid aggregate consideration of $348,800. These shares are comprised of 8.8 million founders shares purchased for consideration of $208,800. The founders shares will be escrowed if Canada Nickel seeks a public listing. These shares were issued to John Proust for founding the company and advancing $1.1 million in risk capital in order to permit Canada Nickel to secure the Option with Diamondex. In addition, John Proust purchased 400,000 shares of Canada Nickel at $0.35 for consideration of $140,000.
The subscription agreement with Canada Nickel gives Southern Arc a right of first refusal to participate in future financings of Canada Nickel, in order to maintain its proportionate ownership stake. In addition, John Proust has entered into a voting trust with Southern Arc pursuant to which he has agreed to vote his shares in favor of Southern Arc's slate of directors for the board of Canada Nickel. The voting trust and right of first refusal will expire on the earlier of 18 months or the date on which Southern Arc's shares in Canada Nickel represents less than 30% of the issued and outstanding shares of Canada Nickel.
Striving for the highest standards of corporate governance, although not required by law or regulation, the Company will call a special meeting at which Southern Arc will recommend that disinterested shareholders ratify and confirm the investment decision of the board of directors. Southern Arc will call the meeting immediately and mail out an information circular after receipt of a report on the Property, prepared in accordance with National Instrument 43-101. If the shareholders do not ratify this investment decision, Southern Arc may recover its investment by giving Canada Nickel notice of the shareholder vote, after which Canada Nickel will have 90 days to purchase Southern Arc's shares or find a third party purchaser. In either case, Southern Arc would be repaid its investment in Canada Nickel.
The current board of directors of Canada Nickel is comprised of:
John Proust
Mr. Proust has advised public and private companies with respect to debt and equity financing, mergers and acquisitions, and corporate restructuring since 1986. Mr. Proust has served on numerous boards and in several senior operating positions for private companies and TSX Venture Exchange listed companies, including as current President, Chief Executive Officer and a Director of Southern Arc Minerals Inc., Chairman and a Director of Canada Energy Partners Inc., President, Chief Executive Officer and a Director of Superior Mining International Corporation, and as a Director of Western Uranium Corporation and Pamodzi Gold Limited.
Mr. Proust has extensive experience in corporate governance and is a graduate of The Directors College, De Groote School of Business at McMaster University and holds the designation of Chartered Director (C.Dir.).
Bruce Durham
Mr. Durham is currently Executive Chairman of Temex Resources Corp. Prior to joining Temex, Mr. Durham served as Vice President Exploration (2001 to 2007) and Vice President Business Development for Canadian Royalties Inc. (2006-2007); he was also President of Canadian Royalties from 2003-2006. He continues to serve as a Director of Canadian Royalties, a position he has held since 1998, and is also a Director of East West Corporation.
A graduate of the University of Western Ontario, Mr. Durham has worked in mineral exploration for more than 30 years in various positions with junior mining companies exploring primarily for precious and base metal deposits in Ontario and Quebec, but also with companies exploring across Canada, in the USA, and in Africa. Mr. Durham has been an integral member or leader of various exploration teams credited with the discovery or definition of several significant mineral deposits including: the David Bell Mine (Hemlo), the Golden Giant Mine (Hemlo), the Redstone Nickel Mine (Timmins), the Bell Creek Mine (Timmins) and several nickel-copper deposits on the Raglan South Project of Canadian Royalties that are being evaluated for their economic viability.
Peter Snucins
Mr. Snucins is the Chairman and Founder of Fallingbrook Management Inc., a private investment company engaged in the business of investing in significant minority or controlling positions in both public and private companies. Mr. Snucins began his business career in 1978 at which time he helped create Canadian Corporate Funding Limited ("CCFL") as a founding shareholder and Director. From 1988 to 1993, Mr. Snucins was President, Chief Operating Officer and Director of Clairvest Group Inc., a Canadian merchant bank listed on the Toronto Stock Exchange. Mr. Snucins was formerly: the President and a Director of Atlas Cromwell Ltd. (May 1998 to October 2003); Chief Financial Officer and Director of Binscarth PVC Ventures Inc. (March 2004 to June 2005), both TSX Venture Exchange companies; Director of NHC Communications Inc. (August 1998 to December 2003), a Toronto Stock Exchange company; and President and Director of Avanti Mining Inc. (February 2006 to June 2007), a CNQ company. Mr. Snucins has been involved in the management and direction of numerous public and private companies, including Masonite (formerly Premdor Inc.), ANZ Bank Canada, Prestolite Batteries Inc., Unitron Industries Inc. and IBEX Technologies Inc.
Joseph Giuffre
Mr. Giuffre, B.A. (Economics/Business), LLB., has over twenty five years of combined experience in business and legal matters, and has a transaction-based practice in the areas of corporate finance, securities and corporate and commercial, project finance, and mergers and acquisitions. He acts for a wide range of Canadian and foreign corporations, public and private, and those who finance them such as underwriters, investment dealers, financial institutions and venture capitalists.
Mr. Giuffre has extensive experience acting for Canadian public companies, many of which have progressed from private start-up companies to publicly-listed emerging companies trading on the TSX Venture Exchange, The Toronto Stock Exchange, American Stock Exchange or NASDAQ. Mr. Giuffre advises on securities and stock exchange regulatory matters, public offerings, joint venture transactions, debt and equity financing structures and agreements, mergers and corporate reorganizations, purchase and sale arrangements, corporate governance matters, licence agreements, and various other commercial agreements. Mr. Giuffre has also acted for various clients involved in cross-border transactions which involve complex commercial structures and Canadian and U.S. securities law issues. Mr. Giuffre also conducts seminars on securities law and regulatory matters, corporate governance and commercial transactions.
On Behalf of the Board of Southern Arc Minerals Inc.
John Proust, President and CEO
The securities described in this press release will not be or have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
NOTE: To view the map associated with this release, please click the following link: http://media3.marketwire.com/docs/sa0708.pdf
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Southern Arc Minerals Inc. Makes Strategic Investment in Canada Nickel Corporation, Operationally Remains Focused on Advancement of Indonesian Properties
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Southern Arc Minerals Inc. (TSX VENTURE:SA) ("Southern Arc" or the "Company") is pleased to announce a strategic investment in Canada Nickel Corp. ("Canada Nickel"), a new private company. Southern Arc has purchased 15.3 million common shares for $5.355 million.
Southern Arc remains committed to its Indonesian properties and anticipates having a first review of the fifteen porphyry prospects at Selodong completed by July 31, 2008. Drill results from holes 21 to 23 will be released on July 10, 2008. Southern Arc operations will remain focused on Indonesia.
Subsequent to the investment in Canada Nickel and Southern Arc completing its 2008 Indonesian work program, the Company estimates that at December 31, 2008 it will still hold a minimum of $2.5 million in working capital.
Benefits of the Investment in Canada Nickel to Southern Arc Shareholders
- This investment in Canada Nickel is an unique opportunity for Southern Arc shareholders to participate in an emerging exploration district with a number of recent significant discoveries
- Canada Nickel has first-mover advantage in a previously undiscovered greenstone belt located in the James Bay Lowlands (northern Ontario, Canada)
- The James Bay Lowlands Nickel Project which is comprised of three non-contiguous blocks of mineral claims, the north block (Area 1), the east block (Area 2) and the south block (Area 3) see Figure 1, has an established operator in Diamondex Resources Ltd. ("Diamondex"), including a team of accomplished geologists and geophysicists with extensive experience in the region
- Diversification of Southern Arc assets with respect to projects, regions and commodities
- Reduction of the risk profile of the Company by participating in a project in Canada, and
- Creation of liquidity and funding options
Canada Nickel Corp.
Canada Nickel is a private company that is completing a non-brokered private placement consisting of up to 28 million shares at $0.35 per share for gross proceeds of up to $9.8 million. Southern Arc has subscribed for 15.3 million non-flow-through shares in consideration for $5.355 million. Canada Nickel is issuing the balance of up to 13.7 million shares to strategic arm's-length investors. Upon completion of the financing, Canada Nickel will have a maximum of 38 million common shares issued and outstanding.
The proceeds from Canada Nickel's private placement will be used toward meeting its obligations to earn a 51% interest in the James Bay Lowlands Nickel Project (the "Property"), pursuant to an option (the "Option") from Diamondex, a company listed on the TSX Venture Exchange. Canada Nickel can earn a 51% interest in the Property by:
(a) paying Diamondex $5 million on July 7, 2008 to reimburse Diamondex for prior exploration expenditures (which earns Canada Nickel a 10% interest). Canada Nickel has used the proceeds of the private placement to make this payment to Diamondex; and
(b) making $5 million in exploration expenditures in year 1 (which earns Canada Nickel a further 12% interest in the Property). Canada Nickel will use the proceeds of the private placement to immediately fund $1.1 million of the year 1 budget; and
(c) making a further $7 million in exploration expenditures in year 2 (which earns Canada Nickel a further 14% interest in the Property); and
(d) making a further $8 million in exploration expenditures in year 3 (which earns Canada Nickel a further 15% interest, for a total interest of 51%).
James Bay Lowlands Nickel Project
The Property was originally staked by Diamondex on the basis of regional aeromagnetic data, with support from recent and historic government interpretations of geology from magnetic data. The property includes key positive magnetic anomalies, typical of mafic and ultramafic lithologies and prospective for nickel mineralization, along the entire 250 km length of the newly interpreted greenstone belt. A few drill holes in the public domain corroborate the presence of the volcanic belt. There are few known rock outcrops in the staked area. Consequently, accurate interpretation of geophysical surveys has been used to identify viable drill targets. A 5,105 line-km Variable Time-delayed Electro-Magnetic (VTEM) survey was recently completed over approximately one-third of the Property (Area 2). Initial results indicate the presence of numerous high quality conductors with strong coincident magnetic anomalies. Interpreted strike lengths of thirty-five late-time conductors range from 300 metres to 1,600 metres. The basement conductors on this property have been interpreted by independent consultants to be excellent targets for magmatic sulphide exploration. The Property, at 407,400 acres (approximately 165,000 hectares), represents the largest land position in the district.
The Property is located in the "Ring of Fire" area (Figure 1), portions of which are within 12 kilometres of both the Double Eagle Nickel deposit (Ni 7.9%, Cu 3.4%, PGE (platinum group elements) 18.3 g/t over of 35 metres - hole 27, Jan 28, 2008, Noront Resources news release) and the McFauld's Lake VMS (volcanogenic massive sulphide) deposit (Cu 8.02% over a width of 18.8 metres - hole McF-04-57, Nov 4, 2004, Spider Resources news release). The property is approximately 65 kilometres southwest of De Beers' Victor Diamond Mine. The district has clear and demonstrated nickel, PGE and VMS (e.g., copper, zinc, lead, silver) potential.
Canada Nickel - Diamondex Exploration Program
Geotech Ltd. has been contracted to fly VTEM over the remaining parcels of the Property (Areas 1 and 3). The 8,000 line km survey is expected to get underway in the near term. During the summer season, Diamondex and Canada Nickel will follow-up selected high-priority airborne anomalies with detailed ground geophysical surveys to further assist conductor characterization and ranking (including width, dip, depth, and ultra-low frequency EM response). These efforts will aid in the target selection for the initial diamond drill test program, which is expected to get underway during Q4 of 2008 and be completed during Q1, 2009. It is expected that approximately 16 targets will be tested over this period.
Related Party Transaction
Southern Arc's investment in Canada Nickel was unanimously approved by the independent directors of the Company, who were advised by independent legal counsel that this transaction is a related-party transaction which does not require the Company to prepare a valuation or to seek shareholder approval under the policies of the TSX Venture Exchange or Multilateral Instrument 61-101. This investment in Canada Nickel represents less than 25% of Southern Arc's market capitalization, permitting the Company to rely upon the exemptions from the valuation and shareholder approval requirements contained in section 5.5 (a) and 5.7 (a) of MI 61-101. One item of primary consideration for the independent directors was the financial status of Southern Arc. Subsequent to the investment in Canada Nickel and Southern Arc completing its 2008 Indonesian work program, the Company estimates that at December 31, 2008 it will still hold a minimum of $2.5 million in working capital.
On closing of the private placement, John Proust, a director and President of Southern Arc, will own directly or indirectly 9.2 million common shares of Canada Nickel, for which he will have paid aggregate consideration of $348,800. These shares are comprised of 8.8 million founders shares purchased for consideration of $208,800. The founders shares will be escrowed if Canada Nickel seeks a public listing. These shares were issued to John Proust for founding the company and advancing $1.1 million in risk capital in order to permit Canada Nickel to secure the Option with Diamondex. In addition, John Proust purchased 400,000 shares of Canada Nickel at $0.35 for consideration of $140,000.
The subscription agreement with Canada Nickel gives Southern Arc a right of first refusal to participate in future financings of Canada Nickel, in order to maintain its proportionate ownership stake. In addition, John Proust has entered into a voting trust with Southern Arc pursuant to which he has agreed to vote his shares in favor of Southern Arc's slate of directors for the board of Canada Nickel. The voting trust and right of first refusal will expire on the earlier of 18 months or the date on which Southern Arc's shares in Canada Nickel represents less than 30% of the issued and outstanding shares of Canada Nickel.
Striving for the highest standards of corporate governance, although not required by law or regulation, the Company will call a special meeting at which Southern Arc will recommend that disinterested shareholders ratify and confirm the investment decision of the board of directors. Southern Arc will call the meeting immediately and mail out an information circular after receipt of a report on the Property, prepared in accordance with National Instrument 43-101. If the shareholders do not ratify this investment decision, Southern Arc may recover its investment by giving Canada Nickel notice of the shareholder vote, after which Canada Nickel will have 90 days to purchase Southern Arc's shares or find a third party purchaser. In either case, Southern Arc would be repaid its investment in Canada Nickel.
The current board of directors of Canada Nickel is comprised of:
John Proust
Mr. Proust has advised public and private companies with respect to debt and equity financing, mergers and acquisitions, and corporate restructuring since 1986. Mr. Proust has served on numerous boards and in several senior operating positions for private companies and TSX Venture Exchange listed companies, including as current President, Chief Executive Officer and a Director of Southern Arc Minerals Inc., Chairman and a Director of Canada Energy Partners Inc., President, Chief Executive Officer and a Director of Superior Mining International Corporation, and as a Director of Western Uranium Corporation and Pamodzi Gold Limited.
Mr. Proust has extensive experience in corporate governance and is a graduate of The Directors College, De Groote School of Business at McMaster University and holds the designation of Chartered Director (C.Dir.).
Bruce Durham
Mr. Durham is currently Executive Chairman of Temex Resources Corp. Prior to joining Temex, Mr. Durham served as Vice President Exploration (2001 to 2007) and Vice President Business Development for Canadian Royalties Inc. (2006-2007); he was also President of Canadian Royalties from 2003-2006. He continues to serve as a Director of Canadian Royalties, a position he has held since 1998, and is also a Director of East West Corporation.
A graduate of the University of Western Ontario, Mr. Durham has worked in mineral exploration for more than 30 years in various positions with junior mining companies exploring primarily for precious and base metal deposits in Ontario and Quebec, but also with companies exploring across Canada, in the USA, and in Africa. Mr. Durham has been an integral member or leader of various exploration teams credited with the discovery or definition of several significant mineral deposits including: the David Bell Mine (Hemlo), the Golden Giant Mine (Hemlo), the Redstone Nickel Mine (Timmins), the Bell Creek Mine (Timmins) and several nickel-copper deposits on the Raglan South Project of Canadian Royalties that are being evaluated for their economic viability.
Peter Snucins
Mr. Snucins is the Chairman and Founder of Fallingbrook Management Inc., a private investment company engaged in the business of investing in significant minority or controlling positions in both public and private companies. Mr. Snucins began his business career in 1978 at which time he helped create Canadian Corporate Funding Limited ("CCFL") as a founding shareholder and Director. From 1988 to 1993, Mr. Snucins was President, Chief Operating Officer and Director of Clairvest Group Inc., a Canadian merchant bank listed on the Toronto Stock Exchange. Mr. Snucins was formerly: the President and a Director of Atlas Cromwell Ltd. (May 1998 to October 2003); Chief Financial Officer and Director of Binscarth PVC Ventures Inc. (March 2004 to June 2005), both TSX Venture Exchange companies; Director of NHC Communications Inc. (August 1998 to December 2003), a Toronto Stock Exchange company; and President and Director of Avanti Mining Inc. (February 2006 to June 2007), a CNQ company. Mr. Snucins has been involved in the management and direction of numerous public and private companies, including Masonite (formerly Premdor Inc.), ANZ Bank Canada, Prestolite Batteries Inc., Unitron Industries Inc. and IBEX Technologies Inc.
Joseph Giuffre
Mr. Giuffre, B.A. (Economics/Business), LLB., has over twenty five years of combined experience in business and legal matters, and has a transaction-based practice in the areas of corporate finance, securities and corporate and commercial, project finance, and mergers and acquisitions. He acts for a wide range of Canadian and foreign corporations, public and private, and those who finance them such as underwriters, investment dealers, financial institutions and venture capitalists.
Mr. Giuffre has extensive experience acting for Canadian public companies, many of which have progressed from private start-up companies to publicly-listed emerging companies trading on the TSX Venture Exchange, The Toronto Stock Exchange, American Stock Exchange or NASDAQ. Mr. Giuffre advises on securities and stock exchange regulatory matters, public offerings, joint venture transactions, debt and equity financing structures and agreements, mergers and corporate reorganizations, purchase and sale arrangements, corporate governance matters, licence agreements, and various other commercial agreements. Mr. Giuffre has also acted for various clients involved in cross-border transactions which involve complex commercial structures and Canadian and U.S. securities law issues. Mr. Giuffre also conducts seminars on securities law and regulatory matters, corporate governance and commercial transactions.
On Behalf of the Board of Southern Arc Minerals Inc.
John Proust, President and CEO
The securities described in this press release will not be or have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
NOTE: To view the map associated with this release, please click the following link: http://media3.marketwire.com/docs/sa0708.pdf
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Rohstoffe-Go - Stuttgart Barrick Gold ist immer noch die Gesellschaft mit den größten nachgewiesenen Reserven. Auch ist Barrick in sehr guter, wirtschaftlicher Verfassung. Da Barrick auf Hedgingaktivitäten verzichtet, ist Barrick der Entwicklung des Spotmarktpreises mehr ausgesetzt als früher. Dies hat eine höhere Volatilität der Aktie zur Folge. Dass der Goldpreis hoch bleibt bzw. noch weiter nach oben gehen wird, wird nach Ansicht der Analysten eine Folge der stark steigenden Inflation und der USD-Schwäche sein. Die Aktien der Goldminen sollten also davon profitieren.
Pleite, oder was 
Hi,
bin mal ne Posi U.S.Silver (TSX-v: USA, FFM:QE2) Long..........unglaublich was die da machen wegen des Managmentwechsels
sollte entweder schon heute oder die Tage drehen!
wahrscheinlich noch gleich ein paar SL´s mit abgefischt
hier noch ne kleine Faktenzusammenfassung:
U.S.Silver hat erfolgreich die Galenamine Ende letzten Jahres in Betrieb gebracht
-hat im 4.Quartal 355k Unzen Silber produziert!
-hat im 1.Quartal 145k Unzen produtziert + 1 Mio $ Gewinn gemacht
-die Produktionsrate auf 640 Tonnen/Tag gesteigert
-im Mai sogar schon auf über 700 Tonnen / Tag
-werden im 2.Quartal ca. 435k Unzen Silber produzieren
-bis Jahresende soll die Monatsproduktion auf 250k Unzen gesteigert werden !!!! (Umsatz von 4 Mio$/Monat bei einem Silberpreis von 16$)
-im Moment 19 Mio $ Cash - jetzt schon eher mehr.......MK gerademal 48 Mio$!!!!!
-es wird weiter exploriert um die Resserven auszuweiten
-kein politisches Riskio
bin mal ne Posi U.S.Silver (TSX-v: USA, FFM:QE2) Long..........unglaublich was die da machen wegen des Managmentwechsels
sollte entweder schon heute oder die Tage drehen!
wahrscheinlich noch gleich ein paar SL´s mit abgefischt
hier noch ne kleine Faktenzusammenfassung:
U.S.Silver hat erfolgreich die Galenamine Ende letzten Jahres in Betrieb gebracht
-hat im 4.Quartal 355k Unzen Silber produziert!
-hat im 1.Quartal 145k Unzen produtziert + 1 Mio $ Gewinn gemacht
-die Produktionsrate auf 640 Tonnen/Tag gesteigert
-im Mai sogar schon auf über 700 Tonnen / Tag
-werden im 2.Quartal ca. 435k Unzen Silber produzieren
-bis Jahresende soll die Monatsproduktion auf 250k Unzen gesteigert werden !!!! (Umsatz von 4 Mio$/Monat bei einem Silberpreis von 16$)
-im Moment 19 Mio $ Cash - jetzt schon eher mehr.......MK gerademal 48 Mio$!!!!!
-es wird weiter exploriert um die Resserven auszuweiten
-kein politisches Riskio
Takara Resources was long TSX-V:TKK
die wollte ich neulich schon mal ins Depot nehmen, haben in Suedafrika mit einem JV Partner Bewerbungen auf 26 Kohleeplorationslizenzen eingereicht, davon werden 5 weiter durch die erteilenden Behoerden beruecksichtigt.
Hatten vorher hauptsaechlich Uran-Lizenzen in USA.
Nun gehen die mit Grizzly Diamonds (auch keine Hype-Bude) ein JV auf einem Grizzly Potash Gebiet ein:
http://www.marketwire.com/press-release/Takara-Resources-Inc-TSX-VENTURE-TKK-876735.html
Uran in USA
Kohle in Suedafrika
Potash in Kanada
Hoert sich auf den ersten Eindruck hin an wie die anderen Hype-Buden aber bei der Butze gibt es einen Aspekt, der mich vorsichtig optimistisch stimmt.
Guckt mal aufs Management http://www.takararesources.com/company/management.html
Bis auf eine executive position alles Frauen und die auch noch allesamt mit einem sehr ordentlichen track record!
die wollte ich neulich schon mal ins Depot nehmen, haben in Suedafrika mit einem JV Partner Bewerbungen auf 26 Kohleeplorationslizenzen eingereicht, davon werden 5 weiter durch die erteilenden Behoerden beruecksichtigt.
Hatten vorher hauptsaechlich Uran-Lizenzen in USA.
Nun gehen die mit Grizzly Diamonds (auch keine Hype-Bude) ein JV auf einem Grizzly Potash Gebiet ein:
http://www.marketwire.com/press-release/Takara-Resources-Inc-TSX-VENTURE-TKK-876735.html
Uran in USA
Kohle in Suedafrika
Potash in Kanada
Hoert sich auf den ersten Eindruck hin an wie die anderen Hype-Buden aber bei der Butze gibt es einen Aspekt, der mich vorsichtig optimistisch stimmt.
Guckt mal aufs Management http://www.takararesources.com/company/management.html
Bis auf eine executive position alles Frauen und die auch noch allesamt mit einem sehr ordentlichen track record!
fd 32,7 mio shares
Last Updated: 07 Jul 2008
Rolling 52 Week High 0.550
Rolling 52 Week Low 0.075
Total Number of Shares 25,755,050
Shares in Escrow 10,628,333
Net Shares Outstanding 15,126,717
Float Quoted Market Value 2,193,374
Last Updated: 07 Jul 2008
Rolling 52 Week High 0.550
Rolling 52 Week Low 0.075
Total Number of Shares 25,755,050
Shares in Escrow 10,628,333
Net Shares Outstanding 15,126,717
Float Quoted Market Value 2,193,374
[url=http://peketec.de/trading/viewtopic.php?p=438458#438458 schrieb:
Jul 08, 2008 11:43 ET
Kinbauri Gold Corp.: Drilling at El Valle Intersects 19.5m of 13g Au/t, 124g Ag/t and 5.6% Cu Including 8.8m of 25g Au/t, 208g Ag/t and 10.7% Cu
OTTAWA, ONTARIO--(Marketwire - July 8, 2008) - Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased to announce further results from its on-going 23,000m underground in-fill drill program at El Valle (over 85% complete). Highlight of assay results from Black Skarn North ("BSN") and Area 107 ("107") include:
- 19.5m grading 13.0g Au/t, 123.7g Ag/t and 5.63% Cu in DDH 08KV1128, including 8.8m grading 25.3g Au/t, 208.4 Ag/t and 10.69% Cu.
- 2.6m grading 116.1g Au/t, 4.5g Ag/t and 0.26% Cu, and 1.5m grading 15.6g Au/t and 0.3g Ag/t in DDH 08KV1126.
- 30.7m grading 2.7g Au/t, 19.1g Ag/t and 0.63% Cu in DDH 08KV1124, including 3.0m grading 5.5g Au/t, 45.5g Ag/t and 1.10% Cu.
- 5.5m grading 4.7g Au/t, 17.3g Ag/t and 0.12% Cu in DDH 08KV1122, including 1.3m grading 11.0g Au/t, 11.0g Ag/t and 0.23% Cu.
- 8.6m grading 3.1g Au/t, 16.5g Ag/t and 0.54% Cu in DDH 08KV1121, including 2.7m grading 5.9g Au/t, 41.0g Ag/t and 0.13% Cu.
The high gold, silver and copper values found in 08KV1128 appear to result from the Charnela structure intersecting BSN in combination with supergene enrichment. Similar metal enrichment can also be observed in 08KV1120, 25m to the east, where Charnela is again superimposed on BSN: here 9.1m of 12.1g Au/t, 47g Ag/t and 2.69% Cu was intersected (see press release of June 20th, 2008). The full extent of the enriched mineralization along the Charnela structure has not been established.
In-fill DDHs 08KV1122, 08KV1123 and 08KV1125 within the West Area of BSN and DDHs 08KV1124 and 08KV1129 within the East Area of BSN confirm the continuity of Au-Ag-Cu mineralization in those areas (see table below for summary of assays).
DDHs 08KV1121, 08KV1126 and 08KV1127 are in-fill holes within 107. DDH 08KV1126 shows high gold values, 116.1g Au/t, and lesser silver and copper values, 4.55g Ag/t and 0.26% Cu, over 2.6m, typical of the epithermal mineralization that characterizes 107. 08KV1127 lies near the northwest edge of 107 in the vicinity of sections 1 through 3 where it was previously noted that mineralization was waning.
Assays from the latest nine diamond drill holes are summarized as follows:
---------------------------------------------------------------------------HOLE From To Interval Au Ag Cu Zone/(DDH)(1) (m) (m) (m) %(2) (g/t) (g/t) (%) Section (3)---------------------------------------------------------------------------08KV1129 52.5 70 17.5 39 4.49 5.6 0.41 107/9.5 Including1 52.50 54.15 1.65 " 5.43 5.2 0.13 Including2 60.75 70.00 9.25 " 7.05 8.8 0.71 including2.1 65.00 70.00 5.00 " 11.08 10.5 0.65--------------------------------------------------------------------------- BSN: 08KV1128 64.45 70.45 6.00 88 2.09 2.7 0.01 CH/95008KV1128 84.40 103.85 19.45 " 13.04 123.7 5.63 Including 84.40 93.15 8.75 " 25.31 208.4 10.69---------------------------------------------------------------------------08KV1127 158.50 159.50 1.00 77 1.08 4.8 0.52 107/1100---------------------------------------------------------------------------08KV1126 174.80 177.40 2.60 93 116.13 4.5 0.26 107/908KV1126 209.40 210.85 1.45 " 15.55 0.3 0.01---------------------------------------------------------------------------08KV1125 73.15 74.55 1.40 44 5.36 38.0 0.06 BSN/95008KV1125 106.30 108.00 1.70 " 3.16 6.0 0.19---------------------------------------------------------------------------08KV1124 139.05 140.55 1.50 32 1.68 12.0 0.76 BSN/1208KV1124 149.65 156.70 7.05 " 1.62 10.3 0.3008KV1124 185.00 215.70 30.70 " 2.67 19.1 0.63 Including 185.00 187.00 2.00 " 6.87 33.5 1.02 Including 197.50 200.50 3.00 " 5.45 45.5 1.10 Including 202.70 203.55 0.85 " 14.07 167 6.3408KV1124 223.10 233.65 10.55 " 1.41 18.7 0.56 Including 232.20 233.65 1.45 " 3.80 44.4 1.15---------------------------------------------------------------------------08KV1123 98.55 100.70 2.15 " 5.45 17.1 1.20 Including 99.60 100.70 1.10 " 7.35 23.0 2.0308KV1123 104.50 126.55 22.05 " 1.52 10.3 0.3208KV1123 131.60 133.40 1.80 " 2.49 15.0 0.40---------------------------------------------------------------------------08KV1122 93.50 97.95 4.45 29 1.88 7.0 0.19 BSN/900 Including 97.20 97.95 0.75 7.38 12.0 0.3808KV1122 104.40 109.90 5.50 " 4.66 17.3 0.12 Including 107.40 108.65 1.25 " 11.00 11.0 0.23--------------------------------------------------------------------------- A107/08KV1121 144.10 152.70 8.60 99 3.07 16.5 0.54 1100 Including 148.50 151.20 2.70 " 5.87 41.0 0.13---------------------------------------------------------------------------
(1) See Schedules A and B for Location. (2) Percentage estimate of True Thicknesses. (3) BSN - Black Skarn North, 107 - Area 107, CH - Charnela Projection
The underground drill program at El Valle and Carles is being supervised by Mr. Santiago Gonzalez-Nistal, Kinbauri Espana's senior geologist, with quality control being provided by Dr. C. F. Gleeson, P. Eng., Kinbauri's Vice-President of Exploration: both are qualified persons as defined by N.I. 43-101. Details of Kinbauri's Assay and Quality Assurance Programs are reported in a press release of February 27th, 2008. This press release was prepared by Drs V. N. Rampton, P. Eng and C. F. Gleeson, P. Eng. in their capacity as qualified persons. Dr. Rampton will be recording a "Beyond the Press Release" webcast concerning assay results obtained from El Valle and Kinbauri's mine development plans on Kinbauri's official Investor Relations Site at http://www.agoracom.com/IR/kinbauri on or after July 8th, 2008.
Kinbauri Gold Corp.: Drilling at El Valle Intersects 19.5m of 13g Au/t, 124g Ag/t and 5.6% Cu Including 8.8m of 25g Au/t, 208g Ag/t and 10.7% Cu
OTTAWA, ONTARIO--(Marketwire - July 8, 2008) - Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased to announce further results from its on-going 23,000m underground in-fill drill program at El Valle (over 85% complete). Highlight of assay results from Black Skarn North ("BSN") and Area 107 ("107") include:
- 19.5m grading 13.0g Au/t, 123.7g Ag/t and 5.63% Cu in DDH 08KV1128, including 8.8m grading 25.3g Au/t, 208.4 Ag/t and 10.69% Cu.
- 2.6m grading 116.1g Au/t, 4.5g Ag/t and 0.26% Cu, and 1.5m grading 15.6g Au/t and 0.3g Ag/t in DDH 08KV1126.
- 30.7m grading 2.7g Au/t, 19.1g Ag/t and 0.63% Cu in DDH 08KV1124, including 3.0m grading 5.5g Au/t, 45.5g Ag/t and 1.10% Cu.
- 5.5m grading 4.7g Au/t, 17.3g Ag/t and 0.12% Cu in DDH 08KV1122, including 1.3m grading 11.0g Au/t, 11.0g Ag/t and 0.23% Cu.
- 8.6m grading 3.1g Au/t, 16.5g Ag/t and 0.54% Cu in DDH 08KV1121, including 2.7m grading 5.9g Au/t, 41.0g Ag/t and 0.13% Cu.
The high gold, silver and copper values found in 08KV1128 appear to result from the Charnela structure intersecting BSN in combination with supergene enrichment. Similar metal enrichment can also be observed in 08KV1120, 25m to the east, where Charnela is again superimposed on BSN: here 9.1m of 12.1g Au/t, 47g Ag/t and 2.69% Cu was intersected (see press release of June 20th, 2008). The full extent of the enriched mineralization along the Charnela structure has not been established.
In-fill DDHs 08KV1122, 08KV1123 and 08KV1125 within the West Area of BSN and DDHs 08KV1124 and 08KV1129 within the East Area of BSN confirm the continuity of Au-Ag-Cu mineralization in those areas (see table below for summary of assays).
DDHs 08KV1121, 08KV1126 and 08KV1127 are in-fill holes within 107. DDH 08KV1126 shows high gold values, 116.1g Au/t, and lesser silver and copper values, 4.55g Ag/t and 0.26% Cu, over 2.6m, typical of the epithermal mineralization that characterizes 107. 08KV1127 lies near the northwest edge of 107 in the vicinity of sections 1 through 3 where it was previously noted that mineralization was waning.
Assays from the latest nine diamond drill holes are summarized as follows:
---------------------------------------------------------------------------HOLE From To Interval Au Ag Cu Zone/(DDH)(1) (m) (m) (m) %(2) (g/t) (g/t) (%) Section (3)---------------------------------------------------------------------------08KV1129 52.5 70 17.5 39 4.49 5.6 0.41 107/9.5 Including1 52.50 54.15 1.65 " 5.43 5.2 0.13 Including2 60.75 70.00 9.25 " 7.05 8.8 0.71 including2.1 65.00 70.00 5.00 " 11.08 10.5 0.65--------------------------------------------------------------------------- BSN: 08KV1128 64.45 70.45 6.00 88 2.09 2.7 0.01 CH/95008KV1128 84.40 103.85 19.45 " 13.04 123.7 5.63 Including 84.40 93.15 8.75 " 25.31 208.4 10.69---------------------------------------------------------------------------08KV1127 158.50 159.50 1.00 77 1.08 4.8 0.52 107/1100---------------------------------------------------------------------------08KV1126 174.80 177.40 2.60 93 116.13 4.5 0.26 107/908KV1126 209.40 210.85 1.45 " 15.55 0.3 0.01---------------------------------------------------------------------------08KV1125 73.15 74.55 1.40 44 5.36 38.0 0.06 BSN/95008KV1125 106.30 108.00 1.70 " 3.16 6.0 0.19---------------------------------------------------------------------------08KV1124 139.05 140.55 1.50 32 1.68 12.0 0.76 BSN/1208KV1124 149.65 156.70 7.05 " 1.62 10.3 0.3008KV1124 185.00 215.70 30.70 " 2.67 19.1 0.63 Including 185.00 187.00 2.00 " 6.87 33.5 1.02 Including 197.50 200.50 3.00 " 5.45 45.5 1.10 Including 202.70 203.55 0.85 " 14.07 167 6.3408KV1124 223.10 233.65 10.55 " 1.41 18.7 0.56 Including 232.20 233.65 1.45 " 3.80 44.4 1.15---------------------------------------------------------------------------08KV1123 98.55 100.70 2.15 " 5.45 17.1 1.20 Including 99.60 100.70 1.10 " 7.35 23.0 2.0308KV1123 104.50 126.55 22.05 " 1.52 10.3 0.3208KV1123 131.60 133.40 1.80 " 2.49 15.0 0.40---------------------------------------------------------------------------08KV1122 93.50 97.95 4.45 29 1.88 7.0 0.19 BSN/900 Including 97.20 97.95 0.75 7.38 12.0 0.3808KV1122 104.40 109.90 5.50 " 4.66 17.3 0.12 Including 107.40 108.65 1.25 " 11.00 11.0 0.23--------------------------------------------------------------------------- A107/08KV1121 144.10 152.70 8.60 99 3.07 16.5 0.54 1100 Including 148.50 151.20 2.70 " 5.87 41.0 0.13---------------------------------------------------------------------------
(1) See Schedules A and B for Location. (2) Percentage estimate of True Thicknesses. (3) BSN - Black Skarn North, 107 - Area 107, CH - Charnela Projection
The underground drill program at El Valle and Carles is being supervised by Mr. Santiago Gonzalez-Nistal, Kinbauri Espana's senior geologist, with quality control being provided by Dr. C. F. Gleeson, P. Eng., Kinbauri's Vice-President of Exploration: both are qualified persons as defined by N.I. 43-101. Details of Kinbauri's Assay and Quality Assurance Programs are reported in a press release of February 27th, 2008. This press release was prepared by Drs V. N. Rampton, P. Eng and C. F. Gleeson, P. Eng. in their capacity as qualified persons. Dr. Rampton will be recording a "Beyond the Press Release" webcast concerning assay results obtained from El Valle and Kinbauri's mine development plans on Kinbauri's official Investor Relations Site at http://www.agoracom.com/IR/kinbauri on or after July 8th, 2008.
oder es steigen die die man nicht hat ,bzw, auf der Watchliste........ 
wenn ich mir nur Scorpio oder meine heutige Posi U.S.Silver anschaue.......kannste schluchzen
sind waschechte proitable Butzen ....... naja , irgendwann muß dat och mal wieder drehen!
wenn ich mir nur Scorpio oder meine heutige Posi U.S.Silver anschaue.......kannste schluchzen
sind waschechte proitable Butzen ....... naja , irgendwann muß dat och mal wieder drehen!
Largo Provides Project Updates
LARGO RESOURCES LTD LGO
7/8/2008 3:05:17 PM
- Maracas (Brazil) Feasibility Study is on track with results expected to be released during the month of August, four PGM exploration drill holes completed
TORONTO, ONTARIO, Jul 08, 2008 (MARKET WIRE via COMTEX News Network) --
Largo Resources Ltd. (TSX VENTURE: LGO) is pleased to provide an update to shareholders on both the Maracas Vanadium-PGM project in Brazil and the Northern Dancer Tungsten-Molybdenum project (Yukon).
Maracas
As announced on June 2, 2008, a drill rig has been mobilized on the Maracas property to undertake a minimum 5,000-metre exploration drill program to test a number of high priority PGM targets. A total of 20 to 25 holes will be drilled. These holes were targeted based on the magnetic and Spectral Induced Polarization (IP) surveys completed in late 2007, lithogeochemical results from drill core sampling done across the property and some modeling and lithological and petrographic studies done by Dr. Reid Keays, an expert in platinum group element (PGE) deposits. To date, Largo's team at Maracas has completed four holes comprising 1,100 metres drilled.
The Maracas feasibility study, which is being led by Aker Solutions is on track with results expected to be released during the month of August 2008.
Northern Dancer
As announced on June 24, 2008, three drill rigs have been mobilized to undertake a diamond drill program on the Company's 1,500 hectare Northern Dancer Tungsten-Molybdenum project, which straddles the Yukon-British Columbia border 290 kilometres east of Whitehorse. The minimum 55-hole diamond drill program is intended to further define the extent of the higher-grade tungsten and molybdenum zones intersected in the 2006 and 2007 programs. The program is expected to take four to six months to complete and is progressing well. As of the week ending July 5, 2008, nine holes had been completed with over 3,300 metres drilled.
Snowden Mining Industry Consultants Inc. (Snowden) has informed Largo that completion of the Northern Dancer Scoping Study will be delayed until August 2008 so that a more thorough investigation of alternative tailings disposal sites compared to that originally planned can be undertaken. A site visit has been scheduled for July now that the potential sites are accessible. Local staff is staying in close contact with the Snowden team to ensure that necessary preparations and logistics are in place to support the site visit.
About Largo
Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. The company is listed on the TSX Venture Exchange under the symbol LGO.
For more information please refer to Largo's website: www.largoresources.com.
Andy Campbell, the Vice President Exploration of Largo and a Qualified Person under National Instrument 43-101, has reviewed the scientific and technical information in this press release.
LARGO RESOURCES LTD LGO
7/8/2008 3:05:17 PM
- Maracas (Brazil) Feasibility Study is on track with results expected to be released during the month of August, four PGM exploration drill holes completed
TORONTO, ONTARIO, Jul 08, 2008 (MARKET WIRE via COMTEX News Network) --
Largo Resources Ltd. (TSX VENTURE: LGO) is pleased to provide an update to shareholders on both the Maracas Vanadium-PGM project in Brazil and the Northern Dancer Tungsten-Molybdenum project (Yukon).
Maracas
As announced on June 2, 2008, a drill rig has been mobilized on the Maracas property to undertake a minimum 5,000-metre exploration drill program to test a number of high priority PGM targets. A total of 20 to 25 holes will be drilled. These holes were targeted based on the magnetic and Spectral Induced Polarization (IP) surveys completed in late 2007, lithogeochemical results from drill core sampling done across the property and some modeling and lithological and petrographic studies done by Dr. Reid Keays, an expert in platinum group element (PGE) deposits. To date, Largo's team at Maracas has completed four holes comprising 1,100 metres drilled.
The Maracas feasibility study, which is being led by Aker Solutions is on track with results expected to be released during the month of August 2008.
Northern Dancer
As announced on June 24, 2008, three drill rigs have been mobilized to undertake a diamond drill program on the Company's 1,500 hectare Northern Dancer Tungsten-Molybdenum project, which straddles the Yukon-British Columbia border 290 kilometres east of Whitehorse. The minimum 55-hole diamond drill program is intended to further define the extent of the higher-grade tungsten and molybdenum zones intersected in the 2006 and 2007 programs. The program is expected to take four to six months to complete and is progressing well. As of the week ending July 5, 2008, nine holes had been completed with over 3,300 metres drilled.
Snowden Mining Industry Consultants Inc. (Snowden) has informed Largo that completion of the Northern Dancer Scoping Study will be delayed until August 2008 so that a more thorough investigation of alternative tailings disposal sites compared to that originally planned can be undertaken. A site visit has been scheduled for July now that the potential sites are accessible. Local staff is staying in close contact with the Snowden team to ensure that necessary preparations and logistics are in place to support the site visit.
About Largo
Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. The company is listed on the TSX Venture Exchange under the symbol LGO.
For more information please refer to Largo's website: www.largoresources.com.
Andy Campbell, the Vice President Exploration of Largo and a Qualified Person under National Instrument 43-101, has reviewed the scientific and technical information in this press release.
- Status
