Rohstoffthread (Archiv)

[dukezero]

http://www.rohstoffe-go.de/metalle/rohstoffnews/beitrag/id/Gestiegene_Nachfrage_nach_physischem_Gold_und_Silber_ID72980.html

 

[dukezero]

USA stoppt Goldmünzenverkauf
Von Michael Mross
Freitag, 15. August 2008

Das US-Münzamt suspendiert den Goldmünzenverkauf mit sofortiger Wirkung!

Die USA haben den Verkauf von Goldmünzen des „American Eagle“ mit sofortiger Wirkung suspendiert und nehmen keine Aufträge mehr von Händlern an.
Nach Ansicht einiger Händler kann die Prägeanstalt wegen der hohen Nachfrage nicht mehr mithalten. Der Stopp des Goldmünzenverkaufs folgt einer Rationierung des Verkaufs von „Silver Eagle Münzen“, die bereits seit Mai in Kraft trat.
Der Silver Eagle darf nur noch von 13 amtlich autorisierten Händlern abgeben werden.
Nach Ansicht von GATA (Gold Anti-Trust Action Committee) ist die Suspendierung des Goldmünzenverkaufs in den USA ein klarer Hinweis darauf, dass die Preise am Futures Markt nicht stimmen können, da die physische Nachfrage nach wie vor sehr hoch sei. Es gebe auch keine Anzeichen, dass die Nachfrage nach Goldmünzen nachlasse, oder dass Goldbesitzer ihre Bestände wegen fallender Kurse verkauften.
@mmnews.de

 

[greenhorn]

leider am Freitag zum Börsenhandel USA + CAN online gewesen - hätte man schöne Schnäppchen machen können für´s Longdepot 8)

 

[dukezero]

Wirtschaftsnews - von heute 09:03
Stahlproduzent ArcelorMittal plant forcierten Einstieg ins Minengeschäft
Stuttgart (www.rohstoffe-go.de) Der weltgrösste Stahlproduzent ArcelorMittal möchte aufgrund der hohen Eisenerzpreise die Abhängigkeit von BHP, Rio Tinto und Vale reduzieren und deren Marktmacht brechen. Für diese strategische Neuausrichtung stehen in einem ersten Schritt 6 Milliarden USD zur verfügung. Geplant sind Investitionen in afrikanischen Ländern wie Mauretanien und Senegal und insbesondere die Wiederinbetriebnahme der 1992 aufgrund der Bürgerkriegswirren geschlossenen Nimba-Eisenerzmine in Liberia.
BHP, Rio Tinto und Vale kontrollieren 80 % des Eisenerzmarktes und konnten aufgrund der ansteigenden Nachfrage aus China jüngst Preissteigerungen von über 80 % durchsetzen. ArcelorMittal produziert zum gegenwärtigem Zeitpunkt 45 % des benötigten Eisenerz selber und will im nächsten Jahrzenht auf einen Eigenanteil von 80 % kommen. Der Preis für eine Tonne Stahl steht derzeit bei 1.068 USD pro Tonne.

 

[dukezero]

Advanced Explorations Inc Intersects 144m of 29% Fe
ADVANCED EXPLORATIONS INC AXI
8/18/2008 9:38:25 AM
TORONTO, Aug. 18, 2008 (Canada NewsWire via COMTEX News Network) --

Advanced Explorations Inc. (the "Company or AEI") is pleased to announce new results from drilling on its Roche Bay iron project in Nunavut. To date, 48 NQ-sized drill holes, totaling over 14,500 metres, have been collared along almost five kilometres of strike length of the Banded Iron Formation (BIF) C-Zone.


<<
John Gingerich, President & CEO of AEI, commented;

The Company continues to intersect zones of high grade iron
mineralization over the entire strike of the C Zone as indicated by the
interval of 34% Fe over 54 metres in hole RB-08-55. The resource
statement and preliminary economic assessment is expected to be
completed in the near future. We are pleased with the results obtained
to date, and we anticipate to further define the resource potential of
the property as drilling is to commence shortly on the A and B zones.
>>

The 2008 drill campaign has been successful in delineating the massive mineralized body with additional holes targeting the broadest high-grade areas first drilled and reported in 2007, filling-in through vast stretches of un-drilled and un-tested ground and proving the BIF continues to depth.

Current drill production is about 1500 metres per week. The drill core is being logged on site by a group of six geologists, photographed, sampled and sawn in half by core technicians. Assays published to date represent only a small fraction of what will be released over the next few months as SGS Lakefield catches up to the current back log of samples.

The Company also wishes to announce that it has entered into amended finder's fee agreements (the "Amended Finder's Fee Agreements") with two finders (the "Finders") in connection with the Roche Bay Option Agreement which was originally announced on February 12, 2007 as summarized below.


<<
ON BEHALF OF THE BOARD

John Gingerich, President and CEO

Drilling Summary:

Drill results have been returned from holes RBC-08-50 TO RBC-08-58, as
presented in the table below. Highlights of the results include:

-------------------------------------------------------------------------
Hole Line Coordinate Dip From To Interval % Fe
-------------------------------------------------------------------------
Number (N) (W) (m) (m) (m)
-------------------------------------------------------------------------
RBC-08-50 11200 950 -60 64.3 208.7 144.4 29.00%
-------------------------------------------------------------------------
including 64.3 166.7 102.4 29.37%
-------------------------------------------------------------------------
including 186.7 208.7 22.0 32.02%
-------------------------------------------------------------------------
RBC-08-51 13800 900 -45 NO SIGNIFICANT INTERSECTIONS
-------------------------------------------------------------------------
RBC-08-52 10400 950 -55 84.79 113.3 28.5 29.44%
-------------------------------------------------------------------------
138.8 401.6 262.8 27.61%
-------------------------------------------------------------------------
including 138.8 212.4 73.6 31.63%
-------------------------------------------------------------------------
including 212.4 345 132.6 20.98%
-------------------------------------------------------------------------
including 345 401.6 56.6 31.42%
-------------------------------------------------------------------------
RBC-08-53 11200 850 -55 3.46 91.46 88.0 28.93%
-------------------------------------------------------------------------
RBC-08-54 13800 1000 -45 46.35 73.03 26.7 23.49%
-------------------------------------------------------------------------
191 218.5 27.5 27.27%
-------------------------------------------------------------------------
RBC-08-55 10400 900 -75 49.87 82.81 32.9 24.15%
-------------------------------------------------------------------------
82.81 142.2 59.4 30.38%
-------------------------------------------------------------------------
337.4 392.3 54.9 34.15%
-------------------------------------------------------------------------
RBC-08-56 10400 900 -75 15.51 38.61 23.1 29.12%
-------------------------------------------------------------------------
77 104.8 27.8 27.65%
-------------------------------------------------------------------------
RBC-08-57 9600 675 -45 4.3 50.57 46.3 26.05%
-------------------------------------------------------------------------
RBC-08-58 9600 675 -65 8 112 104.0 27.18%
-------------------------------------------------------------------------
>>

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.

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.

Finder's Fee Agreement:

The Finders were paid an original finder's fee based on a percentage of the exploration expenditures to be made by the Company under the Roche Bay Option Agreement which was estimated to be $5,775,800. The Amended Finder's Fee Agreements allow for payment of a further finder's fee (the "Further Finder's Fee") on as a percentage of the exploration expenditures in excess of $5,775,800 (the "Excess Expenditures").

Further Finder's Fees of 2% and 1% will be payable to the two parties respectively as follows:


<<
a) for Excess Expenditures incurred from June 4, 2007 to June 30th,
2008, the Further Finder's Fee shall be payable within five business
days of the approval by the TSX Venture Exchange (the "Exchange"). If
the Company elects to pay such Further Finder's Fee in shares of the
Company, the deemed price per share shall be equal to the closing
price of the shares on the date of this announcement;

b) for Excess Expenditures incurred from July 1st, 2008 to December
31st, 2008, the Further Finder's Fee shall be payable within five
business days after March 31st, 2009 and for Excess Expenditures
incurred in 2009 and every calendar year thereafter, the Further
Finder's Fee shall be payable within five business days after March
31st of each subsequent year. The Company may elect to pay such fees
in shares of the Company.
>>

Approval of the Exchange is a condition precedent of the amended finder's fee agreements. Once the agreements are approved, each share issuance made pursuant to the agreements will require Exchange approval.

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 is located proximal to a natural harbour which 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.

(416) 203-0057 x226
Copyright (C) 2008 CNW Group. All rights reserved.

 

[greenhorn]

gute Ergebnisse bei AXI - nur leider scheint es keinen zu interssieren............

was geht denn bei Largo ab??? sind die Preise im Keller oder will/muß da einer unbedingt raus....

 

[dukezero]

About Nevada Copper

Nevada Copper is an emerging copper company, responsibly developing its advanced stage Pumpkin Hollow copper-iron property into Nevada's next copper mine.

Nevada Copper announced robust economic results from an NI43-101 compliant Preliminary Economic Assessment ("PEA") in March, 2008. The PEA evaluates an integrated underground and open pit mining operation with a standard milling and floatation plant that will produce high-grade copper concentrates. Annual production will average 95,000 tons of copper per year over a mine life exceeding 20 years. Highlights from the PEA at copper prices from $1.75 to $3.00 per lb. copper are as follows:




- Net present Value $765 Million to $1.9 Billion with an 8% discount rate;- Internal Rate of Return 20.5% to 29.3%;- Operating Cost $0.57/lb of copper, direct and $1.02/lb total, net of by-product credits;- Capital Cost Estimate $665 Million before contingencies and working capital, $780 Million inclusive;- Project payback from start of construction 3.1 to 4.8 years



In November 2007, Nevada Copper updated its National Instrument 43-101 compliant resource estimate. At a 0.2% copper cutoff grade, the measured and indicated copper resource is 3.96 billion pounds of copper, contained in 343 million tons grading 0.58% copper and 635 thousand ounces of gold and 26.6 million ounces of silver. An inferred copper resource of 3.91 billion pounds of copper is contained in 438 million tons grading 0.45% copper and 647 thousand ounces of gold and 30.1 million ounces of silver. Additionally, there are also potentially open-pittable iron resources of 144 million tons of contained iron in 656 million tons at an average grade of 22 per cent iron at an iron cut-off of 10 per cent.

Within these large resources is a significant high grade copper resource in the East and E2 deposits. Using a 0.75% copper cutoff grade, the measured and indicated resources contain 1.2 billion pounds of copper in 41.6 million tons of material grading 1.46% copper and, in addition, the inferred resource contains 635 million pounds of copper within 25.3 million tons grading 1.25% copper.

Nevada Copper has embarked on a systematic fast-track program to develop its advanced stage Pumpkin Hollow Property with the resource delineation drilling program, metallurgical, geotechnical, hydrological, condemnation data and environmental baseline data for purposes of a feasibility study planned to commence in 2008.

The Pumpkin Hollow project is under the supervision of Gregory French, CPG #10708, a Qualified Person as defined in Canadian National Instrument 43-101, who is responsible for the preparation of the technical information in this news release. All assaying and whole rock geochemistry is processed at the American Assay Laboratories (AAL) in Reno, Nevada. Samples are delivered from the project core logging facility to AAL by Nevada Copper or AAL personnel. A Quality Assurance and Quality Control Assay Protocol have been implemented whereby blanks and standards are inserted into the assay stream and check samples are sent to Chemex-Reno and Inspectorate-Reno laboratories.

Nevada Copper has 39.9 million shares outstanding and is well financed with no debt. For additional information about Nevada Copper please visit our website at www.nevadacopper.com.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

 

[greenhorn]

wo der Chavez nun wieder am Rad dreht - gibts noch Explorer in Venezuela ? - sollte man short gehen................

 

[greenhorn]

2008-08-18 18:01 ET - News Release

Mr. Brian Thurston reports

RAYTEC METALS CORP. ANNOUNCES FORMATION OF ADVISORY BOARD

Raytec Metals Corp. has formed an advisory board whose mandate is to provide professional guidance, and make recommendations for the successful exploitation and commercialization of the company's potash deposits in Saskatchewan. The advisory board, comprising a number of highly qualified individuals with specialized fertilizer industry experience.

Dr. Howard Cummer, PhD

Dr. Cummer was born in Gravelbourg, Sask., and earned degrees from the University of Saskatchewan (bachelor of commerce) and the University of Western Ontario (master of arts in economics) as well as pursuing postgraduate studies at the London School of Economics. From 1969 to 1979 he was with the Canadian Trade Commissioner Service and served in Kuala Lumpur, Malaysia, Los Angeles, Hong Kong and Beijing. While in Beijing he assisted Canpotex Ltd. in the sale of Saskatchewan potash to China. In 1979 Dr. Cummer joined Canpotex as director of sales for Southeast Asia and in 1984 he opened the Canpotex office in Saskatchewan. Over the next nine years he held various positions, including market development and China sales, culminating with him becoming vice-president of Canpotex. In 1993 Dr. Cummer moved to Hong Kong to open the Hong Kong office as vice-president and managing director of Canpotex Hong Kong Ltd., where for 13 years, he successfully marketed Canadian potash to China and Taiwan. He retired from Canpotex in 2006 and continues to live in Hong Kong.

Dr. Jim Beaton, PhD

Dr. Beaton was born in Vancouver, B.C., and obtained bachelor of science and master of science degrees in soil science at the University of British Columbia and a PhD in the same discipline at Utah State University. Following a career of over seven years in academia at the University of British Columbia and the research branch of Agriculture Canada, Dr. Beaton had a challenging and successful 34-year career in the fertilizer industry with research and market development related responsibilities. With his time divided between Cominco Ltd. (now Agrium), the Sulphur Institute and finally as president of the Potash & Phosphate Institute of Canada (now IPNI) Dr. Beaton administered over 150 projects in 22 countries including the most important overseas potash importing countries China, Brazil, Malaysia/Indonesia and India. He is the co-author of the fourth to seventh editions of the widely used university textbook Soil Fertilty & Fertilizers, and has published extensively in scientific and technical journals. Dr. Beaton was a founding partner in a liquid fertilizer plant in Standard, Alta., and has served as consultant to many fertilizer and agribusiness companies since retirement in 1994.

Dr. Eric Pedersen, PhD

Dr. Pedersen holds a bachelor of science (honours) from the University of Victoria (1982-1986) and a master of science and Ph.D. degrees in plant pathology from the University of Saskatchewan (1986-1993). Dr. Pedersen has more than 12 years experience in technology/product development and project management in the fertilizer industry, and has significant experience in fertilizer formulation and granulation. He is currently the executive vice-president, and director of technology and product development for Sulphur Solutions Inc., and has held the following professional positions: director of operations and product development, Agronomic Growth Industries Ltd.; senior scientist and project manager, Eco Soil Systems Inc.; research scientist and project leader, Agrium Inc.; and research associate, National Research Council.

Dr. Jeff Schoenau, PhD

Dr. Schoenau is a senior research scientist and adjunct professor in the department of soil science, College of Agriculture and Bioresourses at the University of Saskatchewan in Saskatoon. He holds the Saskatchewan Agriculture Chair in soil nutrient management. He received his bachelor and PhD degrees from the University of Saskatchewan, and conducts research, teaching and extension in the fields of soil fertility, nutrient cycling, and soil conservation and management.

Barry Mutlow

Mr. Mutlow is a graduate of the University of Saskatchewan with a bachelor of science in agriculture in economics. He has spent 32 years in the agricultural industry, primarily within the fertilizer industry. Mr. Mutlow worked for seven years in feed, chemical and fertilizer retail sales, advancing to area manager farm service for Saskatchewan Wheat Pool, followed by 25 years with the Potash Corp. of Saskatchewan in various sales capacities. During his career he was very active and served on various committees with the Western Canada Fertilizer Association, the Canadian Association of Agri-Retailers, and the Canadian Fertilizer Institute. Mr. Mutlow is a director and member of the compensation committee for Big Quill Resources, the largest potassium sulphate producer in Canada and sits on the board of directors for Lake Bend Corp. He is currently retired from full-time employment but continues to do consulting work.

Rick Knoll, a recently appointed director of the company, comments, "I have worked closely with four of the members of Raytec's newly formed advisory board and I have experienced the value that such a board can offer, particularly in the early stages of commercialization. I expect that the valuable advice and guidance of this board will position Raytec to capture the greatest value from both its existing and expanded potash resources."

The advisory board is anticipated to meet quarterly and to be available to advise the company's board of directors upon request.

The company announces that it has granted stock options to the members of the advisory board and to one director under its stock option plan, for the purchase of up to 850,000 common shares of the company for a period of two years. The options to be granted will be 200,000 common shares of the company at a price of 55 cents per share, 250,000 common shares of the company at a price of 80 cents per share and 400,000 common shares of the company at a price of $1.20 per share.

We seek Safe Harbor.

dukezero schrieb am 14.08.2008, 16:17 Uhr[/url]"]

greenhorn schrieb am 14.08.2008, 10:07 Uhr[/url]"]

dukezero schrieb am 13.08.2008, 18:43 Uhr[/url]"]Raytec zieht gut an!

» zur Grafik

Läuft weiter nach oben!

 

[dukezero]

Goldsource Completes Initial Drill Program Border Property, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 19, 2008) - Goldsource Mines Inc. (the "Company") (TSX VENTURE:GXS) is pleased to announce that it has completed offset hole BD08-06A, hole BD08-08 and hole BD08-09 (see attached drill plan, available at: http://media3.marketwire.com/docs/gxs819map.pdf) which are the last of this series of holes to be completed in the initial exploration drilling program at the Border Property near Hudson Bay, Saskatchewan.




- BD08-06A 41.1 metre coal seam with 23.0 metres of continuous coal
with minor partings.
- BD08-08 no coal intercepted.
- BD08-09 6.7 metre coal seam with minor mudstone/sandstone partings.





Hole BD08-06A was drilled approximately 100 metres west of discovery hole BD08-06. This hole was drilled to a depth of 117.0 where it was abandoned due to down hole problems. The hole encountered a coal intercept of 41.1 metres including partings between 70.5 metres and 111.6 metres. A continuous coal interval of 23.0 metres was encountered from 70.5 - 93.5 metres with minor partings and the remaining 18.1 metres being mixed coal and highly carbonaceous, sandy siltstones with two predominantly coal intervals from 100.0 - 101.8 metres and 109.3 - 111.6 metres. The overall coal interval is approximately 6.9 metres greater in this hole than in BD08-06 due mainly to the increased thickness of the coal with partings at the base of the continuous coal interval.

The hole was drilled as an offset to discovery hole BD08-06, which intercepted 34.2 metres of coal including 24.0 metres of continuous coal. The purpose of the hole was to obtain additional samples for analyses and a down-hole geophysical log of the stratigraphic section at this point. The coal in BD08-06A is black, hard and dull to bright with few visible partings and appears comparable in most respects to that of the intercept of discovery hole BD08-06 which was ranked as sub-bituminous to bituminous.

Hole BD08-08 was drilled approximately 2.8 kilometres to the northwest of BD08-05. This location was to test an area that exhibited an airborne geophysical signature that was somewhat different than that of the major coal intercepts encountered in the discovery holes and holes BD08-02 and BD08-05 and was believed to be within a broader depositional basin. The hole was drilled to a depth of 132.3 metres and intercepted inter-bedded mudstones, siltstones and sand before entering Devonian limestones at a depth of 121.5 metres. There was no coal intercepted in this hole.

Hole BD08-09 was drilled approximately 1.0 kilometre west of hole BD08-04 and 3.8 kilometres southwest of hole BD08-03. The hole was drilled to a depth of 84.0 metres and encountered 6.7 metres of coal with minor mudstone partings from 45.8 - 52.5 metres. The hole was drilled to test a geophysical anomaly that had a slightly different set of parameters than previous holes that encountered broad intercepts of coal. Both the coal and the Devonian limestones were encountered at higher elevations than in the discovery holes. The coal interval was thicker with fewer minor partings than hole BD08-04 to the east suggesting that BD08-09 is more towards the central axis of a basin. The coal in BD08-09 is black, hard and dull to bright with some visible partings and appears comparable in most respects to that of the intercepts of discovery holes which were ranked as sub-bituminous to bituminous.

The Company cautions against placing undue reliance on the visual observations of the coal until the results of the analytical work have been announced.

J. Scott Drever, President stated; "The completion of this program has given us important information about the nature of this coal deposit. As an early stage exploration program, the information obtained has helped us understand some of the geological and geophysical indicators of where the coal occurs and as importantly, where it does not occur. We will use data acquired from this limited initial program to plan the next steps for the delineation of the coal encountered to date and identification of possible additional coal basins on the property. We expect to compile the data, including sample analyses, over the next several weeks to develop a working geological model that will enable us to plan for detailed drilling of the known occurrences as well as to test additional areas of potential. The permitting process for a major drill program commencing after freeze-up is well underway. Pending commencement of the winter program, we will refine the interpretations of the airborne geophysics and explore other possible methods to define the potential geological basins and the presence of coal within those basins."

N. Eric Fier, CPG, P.Eng. and Qualified Person for this news release has reviewed and approved its contents.

 

[dukezero]

Pelangio Advised by Detour Gold of Filing of Technical Report

TORONTO, ONTARIO--(Marketwire - Aug. 19, 2008) - Pelangio Mines Inc. (TSX:PLG)("Pelangio") has been advised by Detour Gold Corporation ("Detour Gold") that it has filed today a Technical Report for the updated National Instrument 43-101 compliant mineral resource estimate for its Detour Lake gold project in northern Ontario announced on July 2, 2008. Detour has provided additional information in the Technical Report, which includes cut-off grade sensitivities ranging from 0.30 to 0.90 g/t gold for the Base Case US$700/oz engineered pit design, a preliminary mining schedule and improvements of the pit slopes. Pelangio also expects to file its technical report today.

Pelangio has a 44.6% equity interest in Detour Gold (20 million shares). Detour Gold issued a press release today, the verbatim text of which follows:

"Detour Gold Files Technical Report for Mineral Resource Update at Detour Lake and Provides Cut-off Grades Sensitivities, Preliminary Mining Schedule and Improvements in Pit Slopes

Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to report that it has filed today a Technical Report for the updated National Instrument 43-101 compliant mineral resource estimate for its Detour Lake gold project in northern Ontario announced on July 2, 2008. The Company has provided additional information in the Technical Report, which includes cut-off grade sensitivities ranging from 0.30 to 0.90 g/t gold for the Base Case US$700/oz engineered pit design, a preliminary mining schedule and improvements of the pit slopes. The result of this work is described below.

Gerald Panneton, President and CEO of Detour Gold commented: "We are continuing to advance Detour Lake towards development and production. The project is remarkably strong at US$700/oz gold price with nearly 10 million ounces grading 1.91 g/t at a cut-off grade as high as 0.90 g/t and up to 15 million ounces grading 1.02 g/t at a cut-off grade as low as 0.30 g/t. This will provide Detour Gold with flexibility during production depending on the gold price environment and will help secure our profitability. The preliminary mining schedule, which supports our expansion from 30,000 tpd to 60,000 tpd in Year 3, shows that Detour Lake will be the largest gold operation in North America. There is potential to further increase the resource base especially to the west of the Calcite Zone and below the former open pit. We are awaiting results for 40% of our Phase II program and our Phase III program of 30,000 metres is underway. We expect to deliver a positive feasibility study as we proceed with a final pit design and reserve estimates, possibly by year-end. It is our goal to make Detour Gold the next premium intermediate gold producer."

Cut-off Grade Sensitivities on the Base Case US$700/oz Engineered Pit Design

In the press release issued on July 2, 2008, the Company provided sensitivities to gold price for the Base Case (0.50 g/t cut-off grade). The Company has now run sensitivities on a range of cut-off grades for the Base Case. The results clearly indicate that even at a cut-off grade of 0.90 g/t, the deposit still contains a measured and indicated resource of 8.4 million ounces of gold at a grade of 1.95 g/t with an additional 1.7 million ounces at a grade of 1.75 g/t in the inferred category.

 

[dukezero]

dukezero schrieb am 19.08.2008, 15:11 Uhr[/url]"]Goldsource Completes Initial Drill Program Border Property, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 19, 2008) - Goldsource Mines Inc. (the "Company") (TSX VENTURE:GXS) is pleased to announce that it has completed offset hole BD08-06A, hole BD08-08 and hole BD08-09 (see attached drill plan, available at: http://media3.marketwire.com/docs/gxs819map.pdf) which are the last of this series of holes to be completed in the initial exploration drilling program at the Border Property near Hudson Bay, Saskatchewan.

Bitterroot könnte hier fett dabeisein!!

Nordöstlich von der Karte.

 

[greenhorn]

war das nicht Fischi´s "Frauenfirma"?

Aug 19, 2008 12:46 ET
Takara Acquires Properties in British Columbia: Epithermal Gold and Lead-Zinc-Silver Sedimentary Potential
TORONTO, ONTARIO--(Marketwire - Aug. 19, 2008) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Takara Resources Inc. (TSX VENTURE:TKK) ("Takara" or the "Company") announces that it has signed an option agreement with a British Columbia prospector to acquire 100% mineral interest in the Big Bar, Baez, Ospika Projects and five additional prospective geochemical target properties located in the Central Interior of British Columbia. The Properties have potential to host either epithermal gold-silver mineralization and/or sedimentary exhalative Pb-Ag-Zn mineralization. Takara has mobilized a preliminary field crew to complete initial prospecting, mapping and sampling.

Big Bar and Baez Gold-Silver Projects

The Big Bar and Baez Projects are located -200km south of Williams Lake and -200 km to the northwest of Williams Lake respectively, both properties are easily accessed by logging roads, together covering an area of -3500 ha. The target type in both areas is epithermal-style gold and silver mineralization. The Central Interior is underlain by an extensive package of Tertiary age bi-modal volcanic rock sequences that share many similarities to similar age rocks throughout the western USA and Mexico. These rock sequences host, or are associated with, low- and high-sulphidation epithermal Au-Ag deposits including the World-Class Coeur D'Alene (Washington: 1.8 Moz Au, 10 Moz Ag), Comstock (Nevada: 8.5 Moz Au, 191 Moz Ag), Guanajuato (Mexico: 4.7 Moz Au, 31 Moz Ag) and Pachuca (Mexico: 7.5 Moz Au, 1.6 Moz Ag) mines.

These Tertiary volcanic sequences extend along the western edge of North America from Mexico to Canada, related by the same strike-slip and extensional tectonic regime that characterizes the entire western North American Cordillera. Within the Central Interior itself, there are several notable epithermal precious metal deposits (Goodall, 2002) such as the Equity Silver Mine (33.8 Mt at 64.9 g/t Ag, 0.46 g/t Au), the Blackdome Mine (305,614 tonnes at 20.6 g/t Au, 82.3 g/t Ag), the Wolf and Capoose deposit (28 Mt at 36 g/t Ag, 0.3 g/t Au) and the 3T's deposit (0.48 Mt at 8.7 g/t Au, 82.3 g/t Ag).

Historically, companies such as Phelps Dodge, Teck Cominco, Minnova, Kennecott and Rio Algom have been active in the Central Interior of British; where between 1987 and 1997, 23 epithermal gold prospects were discovered in the region.

Ospika Project

The Ospika property is prospective for sedimentary exhalative ("SEDEX") Pb-Zn-Ag type deposits located along the southernmost extension of the Selwyn Basin, which is one of the most prolific sedimentary basins in the world, (Goodfellow and Lydon, 2007). This property is comprised of Cambrian to Silurian sedimentary sequences including the Gunsteel Formation, which is known to host numerous SEDEX Pb-Zn deposits such as the Cirque (43 Mt with 2.2% Pb, 8.1% Zn, 50 g/t Ag), Akie (12 Mt with 1.5% Pb, 8.6% Zn, and 17 g/t Ag) and Driftpile (18 Mt with 2.3% Pb/Zn) deposits.

Geochemical Targets

An additional five grass roots properties were also optioned that were acquired predominantly on the basis of anomalous Cu and Au stream sediment geochemistry. The showings and deposit models for each of these properties must be assessed. In addition to epithermal-style precious metal mineralization, there is potential for porphyry-style mineralization. Together, these geochemical targets cover 2,400 ha. They are all located in the Central Interior, northwest of Williams Lake, and are easily accessible by helicopter from major highways and logging roads.

Subject to the receipt of approval by the TSX-Venture Exchange, Takara has agreed to enter into an option with an arms length vendor to acquire a 100% interest in the eight properties under the following terms: (i) payment of $15,000 and issuance of 250,000 shares upon signing; (ii) work commitments totalling $250,000, $325,000, $400,000 and $525,000 by the first, second, third and fourth anniversaries, respectively; (iii) payment of $25,000, $30,000 and $40,000 by the first, second and third anniversaries respectively; and, (iv) issuance of 300,000, 300,000 and 350,000 shares by the first, second and third anniversaries respectively. The vendor will retain a 2% Net Smelter Royalty on each of the properties, with the first 1% purchasable for $1 million and the final 1% on a right of first refusal.

Resource estimates for deposits in this news release were taken from the British Columbia MinFile database.

Dr. Scott Jobin-Bevans, P. Geo., Vice-President, Exploration, is a "Qualified Person" as defined in National Instrument 43-101 and has reviewed the technical information presented in this news release.

 

[greenhorn]

das die Leut bei GXS

vielleicht von den KohleBE´s leicht enttäuscht waren erklärt den Verlauf, aber bei Pelangio/Dertour.......?

 

[greenhorn]

heut ne Posi Osisko genommen als sie bei 3,4 war und der Goldpreis anzog........denke das die mehr als überverkauft iss, und es wird seit Tagen immer mit KLeinstorder (100 Stck.) der Kurs gedrückt......jedenfalls dachte ich heut mal SK im Grünen

Pustekuchen......... - aber der Tag kommt!!!!

 

[Ollinho]

Könnte auch wieder Phantasie für CRR und AE6 wecken....


Aug 20, 2008 04:00 ET

Adriana Partners With ArcelorMittal
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2008) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE:ADI) is pleased to announce that it has reached an agreement (the "Port Agreement") with ArcelorMittal, the world's leading steel company, on the principal terms for the development of an iron ore port facility in the State of Rio de Janeiro, Brazil (the "Port"). The Port will be constructed on lands acquired by Adriana in January 2008 (the "Joint Venture").

Highlights

Adriana will partner with ArcelorMittal to advance an iron ore strategy to become a fully integrated iron ore producer. The Joint Venture will include the following material elements:

- Through a series of transactions, ArcelorMittal will acquire 80% of the Port for total consideration of approximately $40.5 million USD with Adriana holding the remaining 20%;

- ArcelorMittal has agreed to acquire up to 19.9% of the Company's common shares which represents up to $25 million CDN (or up to approximately 24,900,000 common shares) in two private placements and will also be granted a seat on Adriana's Board of Directors;

- The parties will each fund their pro rata portion of the Port development costs estimated to total approximately $250 million USD for the 10 million tonne per annum ("Mtpa") port;

- ArcelorMittal will assist Adriana in sourcing funding for Adriana's portion of the Port development costs ("Port Debt");

- The parties will share in the capacity of the Port, in proportion to their ownership and Adriana expects to have a minimum of 2 million tonnes iron ore throughput with the planned development of the Port to 10Mtpa;

- ArcelorMittal and Adriana have agreed to investigate future strategic and mutually beneficial world-wide opportunities; and

- Upon closing the Port Agreement and related financings, Adriana expects to have over $65 million CDN in working capital inclusive of the above referenced private placements with ArcelorMittal.

Michael Beley, President and CEO of the Company stated, "Three years ago, Adriana recognized the surging mineral super cycle and through strategic partnerships with Athena and WorldLink, quickly identified the need for a new iron ore port facility in Brazil that would create an export opportunity to deliver iron ore to the "End User". Today we have partnered with the leading steel corporation in the world to export iron ore from Brazil. Partnering with ArcelorMittal is a significant milestone in the advancement of our Brazilian iron ore strategy. ArcelorMittal brings the global expertise in mining, ports, seaborne shipping logistics and the ability to finance large infrastructure and mining projects through to operation."

Aditya Mittal, Chief Financial Officer and Member of ArcelorMittal's Group Management Board, stated, "The planned port facility at Sepetiba Bay in Brazil is the ideal captive solution to deliver access to the export market for ore from the Iron Quadrangle region."

Background to the Port Development

The acquisition of the Port lands was disclosed in the Company's news release dated January 10, 2008. In summary, the Company purchased a total of 771,818 square meters of land on the coast of Brazil (Bay of Sepetiba) for the development of an iron ore port facility. The purchase of an additional 85,757 square meters is expected to be completed during the third or fourth quarter of 2008. Since January 2008, the Company has been developing key strategic relationships and establishing a team of mining, port engineering, shipping and iron ore trading professionals to assist in advancing the Company's iron ore strategy.

Prior to the Port Agreement, the Company had commenced the engineering and permitting required to develop a port facility capable of handling 5 - 10Mtpa of iron ore at inception and increasing to a potential 50 million tonnes by year five through the accelerated development of a deep water port facility. The Port Agreement is the culmination of the Company's strategy in Brazil to develop the port facility with an end-user of iron ore. Given the capital-intensive nature of the project, the Company expects that the Port Agreement will establish the required funding, technical and regional expertise, and industry recognition to move the project through to completion and revenue generation.

Pursuant to the terms of the Port Agreement, ArcelorMittal has agreed to jointly develop the Port with the Company and acquire 80% of the Port for a lump-sum payment of approximately $40.5 million USD. The Company will retain the remaining 20% of the Port with pre-emptive rights until the Port reaches a capacity of 20Mtpa.

ArcelorMittal will use reasonable endeavours to assist Adriana in obtaining its portion of the Port Debt. Each party undertakes that it will be responsible for servicing and repaying its respective share of the Port Debt, consistent with its percentage ownership. The Company believes this support will substantially minimize dilution to the Company's common shareholders. In addition, ArcelorMittal will own 80% of the proposed port capacity while the remaining 20% will be retained by the Company. Port capacity in excess of 20Mtpa will be subject to further negotiation and may result in the Company increasing its utilization rights.

The two companies also agreed to co-operate to explore future strategic and mutually beneficial world-wide opportunities, although neither party is obliged to enter into any agreements.

Pursuant to the terms of the Port Agreement, the Company has agreed to acquire all of the third party owned interests in Brazore Holdings Ltd. ("Brazore Barbados"), of which the Company currently beneficially owns 60% of the outstanding issued share capital. The acquisition cost for the minority interest, held by Athena Resources L.L.C. ("Athena"), will be $19.6 million USD. The Company and Athena have agreed that up to $19.6 million USD of the purchase price will be paid in shares of the Company at a deemed price of $1.10 CDN. In 2006, Athena brought the Port opportunity to Adriana based on Adriana management's previous successful track record within Brazil and ability to advance projects on a global scale. Adriana and Athena continue to work closely together to review other opportunities within Brazil.

In addition to the consolidation of the minority interest in Brazore Barbados, the Company has agreed to acquire the minority interests of its Brazilian subsidiary for consideration of approximately $3.5 million USD. The Company and the minority interest holders have agreed that up to $1 million USD of the purchase price may be paid in shares of the Company at a deemed price of $1.10 CDN.

The Company's agreement with the WorldLink Group in respect of port utilisation has been amended to match the Company's Port off-take capacity of 20%. No further obligations are contemplated in connection with the WorldLink agreement.

The Port Agreement is subject to applicable regulatory and corporate approvals and the negotiation and execution of a definitive agreement by the parties which is anticipated to be concluded by September 30, 2008 (the "Definitive Agreement").

Upon completion of the proposed transactions Adriana will move forward with three strategic alliances: ArcelorMittal, WorldLink Group and Athena Resources L.L.C. Such partnerships and supported iron ore strategy will allow minimal dilution for shareholders for future project financings.

Private Placements

In connection with the transaction, ArcelorMittal has agreed to participate in a non-brokered private placement for proceeds of $6.45 million CDN (the "Debenture"). The Debenture will have a three-year term and will bear interest at 7% per annum. The principal amount of the Debenture is convertible into common shares of the Company at a conversion price of $0.90 if exercised in the first two years of the Debenture and at a price of $0.99 if exercised in the third and final year of the Debenture. Interest on the Debenture will be convertible at the market price of the Company's shares on such conversion date. Up to 7,166,667 common shares of the Company will be reserved for listing on the TSX Venture Exchange (the "TSX-V") as the maximum number of securities issuable to ArcelorMittal upon conversion for the principal of the Debenture (or approximately 10% of the current issued and outstanding common shares of the Company). Additional common shares of the Company will be reserved for listing on the TSX-V to satisfy the conversion related to the interest on the Debenture. The Debenture is subject to regulatory approval and the Debenture and Common Shares issuable upon conversion of the Debenture will be subject to applicable statutory hold periods from the date the Debenture is issued.

The Company expects that it will issue additional debentures to other parties on the same terms as above (together the "Debentures") bringing the intended gross proceeds of the debt offering of up to $9 million CDN. Proceeds from the issue and sale of the Debentures will be utilized for the Company's ongoing commitments in Brazil and Canada, as well as the acquisition of the minority interests in Brazore Barbados and Brazore Brazil as described above.

Upon completion of the Definitive Agreement, ArcelorMittal has agreed to invest additional capital into the Company by way of a non-brokered private placement of common shares (the "Share Placement") and intends to acquire up to 19.9% of the Company's common shares after taking into account potential shares issued upon the conversion of its Debentures and the Share Placement. It is anticipated that the gross proceeds of the proposed Share Placement will be up to $18 million CDN at $1.10 per common share (representing approximately 18,000,000 common shares) and will be utilized for funding the Company's proportionate share of development costs in connection with the port facility and for additional working capital.

The acquisition of the minority interests in Brazore Barbados and Brazore Brazil, the Debenture financing and the proposed Share Placement all remain subject to regulatory approval and all securities issued in connection with the proposed transaction will be subject to a hold period of not less than 4 months from the date of issue of the securities.

About ArcelorMittal

ArcelorMittal is the world's leading steel company, with over 320,000 employees in more than 60 countries.

ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.

Through its core values of sustainability, quality and leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge: it takes a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change.

In 2007 ArcelorMittal had revenues of 105.2 billion USD and crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal visit: www.arcelormittal.com or to obtain a copy of the Early Warning Report filed by ArcelorMittal pursuant to applicable securities laws, please contact:




Haroon HassanGeneral Manager, Corporate CommunicationsHead of Media Relations7th Floor, Berkeley Square HouseBerkeley SquareLondon, W1J 6DAUnited KingdomTel: +44 (0)20 3214 2847



About Adriana Resources Inc.

Adriana's goal is to become a fully integrated iron ore producer through strategic partnerships, acquisitions and development projects. The continued development of its iron ore port facility in Brazil, jointly owned by ArcelorMittal, will be a significant milestone in advancing that goal with Adriana having access to a minimum of 2 million tonnes of iron ore capacity that will grow as the Port develops in size. Adriana is committed to the acquisition of iron ore assets in South East Brazil that are strategically located and able to access the Port. The Company is continuing development of its 100% owned Lac Otelnuk, December Lake and Bedford iron properties in Quebec and Labrador & Newfoundland, respectively and actively pursuing iron ore acquisitions around the world and through its partnerships with ArcelorMittal, WorldLink Group and Athena. Adriana's management and technical team continue to review other opportunities to further enhance the Company's position as "The New Player in Iron Ore".

ON BEHALF OF ADRIANA RESOURCES INC.

Michael J. Beley, President

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

Adriana Resources Inc.
Robert Ferguson
(604) 629-0250 or Toll Free: 1-877-629-0150

or

Adriana Resources Inc.
Ali Sinawi
(604) 629-0250 or Toll Free: 1-877-629-0150
(604) 629-0923 (FAX)
Website: www.adrianaresources.com

 

[greenhorn]

Aug 20, 2008 04:00 ET
Adriana Partners With ArcelorMittal
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2008) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE:ADI) is pleased to announce that it has reached an agreement (the "Port Agreement") with ArcelorMittal, the world's leading steel company, on the principal terms for the development of an iron ore port facility in the State of Rio de Janeiro, Brazil (the "Port"). The Port will be constructed on lands acquired by Adriana in January 2008 (the "Joint Venture").

Highlights

Adriana will partner with ArcelorMittal to advance an iron ore strategy to become a fully integrated iron ore producer. The Joint Venture will include the following material elements:

- Through a series of transactions, ArcelorMittal will acquire 80% of the Port for total consideration of approximately $40.5 million USD with Adriana holding the remaining 20%;

- ArcelorMittal has agreed to acquire up to 19.9% of the Company's common shares which represents up to $25 million CDN (or up to approximately 24,900,000 common shares) in two private placements and will also be granted a seat on Adriana's Board of Directors;

- The parties will each fund their pro rata portion of the Port development costs estimated to total approximately $250 million USD for the 10 million tonne per annum ("Mtpa") port;

- ArcelorMittal will assist Adriana in sourcing funding for Adriana's portion of the Port development costs ("Port Debt");

- The parties will share in the capacity of the Port, in proportion to their ownership and Adriana expects to have a minimum of 2 million tonnes iron ore throughput with the planned development of the Port to 10Mtpa;

- ArcelorMittal and Adriana have agreed to investigate future strategic and mutually beneficial world-wide opportunities; and

- Upon closing the Port Agreement and related financings, Adriana expects to have over $65 million CDN in working capital inclusive of the above referenced private placements with ArcelorMittal.

Michael Beley, President and CEO of the Company stated, "Three years ago, Adriana recognized the surging mineral super cycle and through strategic partnerships with Athena and WorldLink, quickly identified the need for a new iron ore port facility in Brazil that would create an export opportunity to deliver iron ore to the "End User". Today we have partnered with the leading steel corporation in the world to export iron ore from Brazil. Partnering with ArcelorMittal is a significant milestone in the advancement of our Brazilian iron ore strategy. ArcelorMittal brings the global expertise in mining, ports, seaborne shipping logistics and the ability to finance large infrastructure and mining projects through to operation."

Aditya Mittal, Chief Financial Officer and Member of ArcelorMittal's Group Management Board, stated, "The planned port facility at Sepetiba Bay in Brazil is the ideal captive solution to deliver access to the export market for ore from the Iron Quadrangle region."

 

[Ollinho]

:P

 

[greenhorn]

du flinker Pursche , du

Ollinho schrieb am 20.08.2008, 10:21 Uhr[/url]"]:P

 

[dukezero]

Cuervo,AE6, und Cardero sind die interessantesten Longplays aus steuerlicher Sicht, da der Eisenerzpreis von den Big Playern verhandelt wird!

 

[greenhorn]

Capstones Beteiligung.............haben noch ein Aktienrückkaufprogramm gestern gestartet.....

Aug 19, 2008 17:18 ET
Silverstone Reports Earnings of US$3.7 Million and Record Operating Cash Flows of US$3.8 Million for the Second Quarter
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 19, 2008) - Silverstone Resources Corp. ("Silverstone") (TSX VENTURE:SST) announces its financial results for the second quarter ending June 30, 2008. For the three months ended June 30, 2008, Silverstone recorded net earnings of US$3.7 million and record operating cash flows of US$3.8 million or US$0.03 per share.

Overview and Highlights

- Silver sales of US$8.3 million recorded during the quarter from the sale of 459,000 ounces.

- Net earnings of US$3.7 million or US$0.03 per share.

- Record operating cash flows of US$3.8 million or US$0.03 per share.

- Total cash costs of US$3.97 per ounce of silver.

- Cash at June 30, 2008 of US$24.2 million (March 31, 2008 - US$21.3 million) with no bank debt.

- Working capital of US$31.5 million (March 31, 2008 - US$25.3 million).

- On July 22, 2008 the Company announced an initial mineral resource estimate of 15.6 million silver equivalent ounces in all resource categories for its Copala silver project in Mexico.

The information in this news release should be read in conjunction with the Interim Consolidated Financial Statements and Management Discussion and Analysis for the three months ended June 30, 2008, which will be available at Silverstone's website at www.silverstonecorp.com and at www.sedar.com.

 

[dukezero]

Greenie fremdelt ja immer im Tradingthread mit seinen Pushs! :P

greenhorn schrieb am 20.08.2008, 10:23 Uhr[/url]"]du flinker Pursche , du

Ollinho schrieb am 20.08.2008, 10:21 Uhr[/url]"]:P

 

[greenhorn]

irgendwie muß man ja die Wartezeit rumbekommen - und die tut bei manchen Longposi schon ein bissl weh..........

dukezero schrieb am 20.08.2008, 10:26 Uhr[/url]"]Greenie fremdelt ja immer im Tradingthread mit seinen Pushs! :P

greenhorn schrieb am 20.08.2008, 10:23 Uhr[/url]"]du flinker Pursche , du

Ollinho schrieb am 20.08.2008, 10:21 Uhr[/url]"]:P

 

[dukezero]

Man muss das wirklich unter steuerlichen Aspekten sehen. Ist doch schön, wenn ein guter,
sauber finanzierter Rohstoffwert sich in 3-5 Jahren vervielfacht, man gemütlich den Stopp nachzieht
und dann kasse macht!

Da haben wir einige!!!!!

 

[Fischlaender]

YEP! 8)

greenhorn schrieb am 19.08.2008, 20:38 Uhr[/url]"]war das nicht Fischi´s "Frauenfirma"?

Aug 19, 2008 12:46 ET
Takara Acquires Properties in British Columbia: Epithermal Gold and Lead-Zinc-Silver Sedimentary Potential
TORONTO, ONTARIO--(Marketwire - Aug. 19, 2008) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Takara Resources Inc. (TSX VENTURE:TKK) ("Takara" or the "Company") announces that it has signed an option agreement with a British Columbia prospector to acquire 100% mineral interest in the Big Bar, Baez, Ospika Projects and five additional prospective geochemical target properties located in the Central Interior of British Columbia. The Properties have potential to host either epithermal gold-silver mineralization and/or sedimentary exhalative Pb-Ag-Zn mineralization. Takara has mobilized a preliminary field crew to complete initial prospecting, mapping and sampling.

Big Bar and Baez Gold-Silver Projects

The Big Bar and Baez Projects are located -200km south of Williams Lake and -200 km to the northwest of Williams Lake respectively, both properties are easily accessed by logging roads, together covering an area of -3500 ha. The target type in both areas is epithermal-style gold and silver mineralization. The Central Interior is underlain by an extensive package of Tertiary age bi-modal volcanic rock sequences that share many similarities to similar age rocks throughout the western USA and Mexico. These rock sequences host, or are associated with, low- and high-sulphidation epithermal Au-Ag deposits including the World-Class Coeur D'Alene (Washington: 1.8 Moz Au, 10 Moz Ag), Comstock (Nevada: 8.5 Moz Au, 191 Moz Ag), Guanajuato (Mexico: 4.7 Moz Au, 31 Moz Ag) and Pachuca (Mexico: 7.5 Moz Au, 1.6 Moz Ag) mines.

These Tertiary volcanic sequences extend along the western edge of North America from Mexico to Canada, related by the same strike-slip and extensional tectonic regime that characterizes the entire western North American Cordillera. Within the Central Interior itself, there are several notable epithermal precious metal deposits (Goodall, 2002) such as the Equity Silver Mine (33.8 Mt at 64.9 g/t Ag, 0.46 g/t Au), the Blackdome Mine (305,614 tonnes at 20.6 g/t Au, 82.3 g/t Ag), the Wolf and Capoose deposit (28 Mt at 36 g/t Ag, 0.3 g/t Au) and the 3T's deposit (0.48 Mt at 8.7 g/t Au, 82.3 g/t Ag).

Historically, companies such as Phelps Dodge, Teck Cominco, Minnova, Kennecott and Rio Algom have been active in the Central Interior of British; where between 1987 and 1997, 23 epithermal gold prospects were discovered in the region.

Ospika Project

The Ospika property is prospective for sedimentary exhalative ("SEDEX") Pb-Zn-Ag type deposits located along the southernmost extension of the Selwyn Basin, which is one of the most prolific sedimentary basins in the world, (Goodfellow and Lydon, 2007). This property is comprised of Cambrian to Silurian sedimentary sequences including the Gunsteel Formation, which is known to host numerous SEDEX Pb-Zn deposits such as the Cirque (43 Mt with 2.2% Pb, 8.1% Zn, 50 g/t Ag), Akie (12 Mt with 1.5% Pb, 8.6% Zn, and 17 g/t Ag) and Driftpile (18 Mt with 2.3% Pb/Zn) deposits.

Geochemical Targets

An additional five grass roots properties were also optioned that were acquired predominantly on the basis of anomalous Cu and Au stream sediment geochemistry. The showings and deposit models for each of these properties must be assessed. In addition to epithermal-style precious metal mineralization, there is potential for porphyry-style mineralization. Together, these geochemical targets cover 2,400 ha. They are all located in the Central Interior, northwest of Williams Lake, and are easily accessible by helicopter from major highways and logging roads.

Subject to the receipt of approval by the TSX-Venture Exchange, Takara has agreed to enter into an option with an arms length vendor to acquire a 100% interest in the eight properties under the following terms: (i) payment of $15,000 and issuance of 250,000 shares upon signing; (ii) work commitments totalling $250,000, $325,000, $400,000 and $525,000 by the first, second, third and fourth anniversaries, respectively; (iii) payment of $25,000, $30,000 and $40,000 by the first, second and third anniversaries respectively; and, (iv) issuance of 300,000, 300,000 and 350,000 shares by the first, second and third anniversaries respectively. The vendor will retain a 2% Net Smelter Royalty on each of the properties, with the first 1% purchasable for $1 million and the final 1% on a right of first refusal.

Resource estimates for deposits in this news release were taken from the British Columbia MinFile database.

Dr. Scott Jobin-Bevans, P. Geo., Vice-President, Exploration, is a "Qualified Person" as defined in National Instrument 43-101 and has reviewed the technical information presented in this news release.

 

[greenhorn]

AKTIEN-FLASH: K+S sehr fest - Streiks bei Potash Corp. verknappen Pottasche
FRANKFURT (dpa-AFX Broker) - K+S haben am Mittwoch 3,05 Prozent
auf 75,90 Euro gewonnen. Händler verwiesen auf Medienberichte, denen zufolge
Streiks in Kanada beim Wettbewerber Potash Corporation of Saskatchewan
die Gewinnung industrieller Pottasche unterbrochen hätten. Zudem gebe es keinen
Termin für neue Verhandlungen mit den im Ausstand befindlichen Arbeitern. Das
sorge für Fantasie hinsichtlich noch deutlicher steigender Pottasche-Preise, so
die Börsianer. Potash-Aktien hatten tags zuvor im US-Handel 2,51 Prozent
gewonnen, Mosaic als weiterer Sektorvertreter hatten um 1,90 Prozent
zugelegt. Darüber hinaus habe Israel Chemicals wegen der Preisentwicklung bei
Pottasche sehr gute Zahlen vorgelegt und die Papiere seien entsprechend im
israelischen Handel angesprungen./ag/ck

könnte RAY und WPX mal wieder beflügeln............

 

[dukezero]

dukezero schrieb am 19.08.2008, 17:24 Uhr[/url]"]

dukezero schrieb am 19.08.2008, 15:11 Uhr[/url]"]Goldsource Completes Initial Drill Program Border Property, Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 19, 2008) - Goldsource Mines Inc. (the "Company") (TSX VENTURE:GXS) is pleased to announce that it has completed offset hole BD08-06A, hole BD08-08 and hole BD08-09 (see attached drill plan, available at: http://media3.marketwire.com/docs/gxs819map.pdf) which are the last of this series of holes to be completed in the initial exploration drilling program at the Border Property near Hudson Bay, Saskatchewan.

Bitterroot könnte hier fett dabeisein!!

Nordöstlich von der Karte.

http://saturnminerals.com/images/Corp_webs.pdf

 

[dukezero]

Habe bei Cardero zu 1,14€ zugekauft. War ein gutes Timing.

 

[dukezero]

dukezero schrieb am 20.08.2008, 17:28 Uhr[/url]"]Habe bei Cardero zu 1,14€ zugekauft. War ein gutes Timing.

Canada 1,90Cad.

 

[dukezero]

Norsemont Mining Advances Constancia Feasibility Study
NORSEMONT MINING INC NOM
8/20/2008 12:19:28 PM
TORONTO and LIMA, Peru, Aug. 20, 2008 (Canada NewsWire via COMTEX News Network) --

<< Shares Issued and Outstanding: 53,829,578 TSX: NOM BVL: NOM Production for first 5 years boosted to 60,000 tonnes per day Potential for mine life to exceed 15 years >>

Norsemont Mining Inc. (the "Company") (TSX and BVL: NOM) today provided an update on the ongoing Definitive Feasibility Study for the Constancia copper-molybdenum-silver project in southern Peru.


<<
Highlights

- Milling rate for the first 5 years of production boosted to
60,000 tonnes per day due to softer supergene ore.
- Hypogene milling rate during the next 10 years expected to be
50,000 tonnes per day.
- Production during the first five years expected to exceed
90,000 tonnes per annum of copper in concentrate.
- Mine life expected to exceed 15 years.
- Twenty five tonne pilot plant metallurgical test to be conducted to
optimise copper flotation and concentrate production.
- Molybdenum concentrate will be extracted from pilot plant test to
confirm design criteria for the molybdenum circuit.
- Updated resource estimate expected by early Q1 2009
- Definitive Feasibility Study scheduled for completion during second
quarter of 2009.
>>

Robert Baxter, Norsemont's President and Chief Operating Officer said: "Progress with the Constancia Feasibility study has been very encouraging. This has been complimented by the successful infill drilling at Constancia, which will be completed after a 25 tonne bulk metallurgical sample has been taken by drilling. Based on our latest projections we believe the potential exists for a material increase in the Constancia resource, which will contribute to an extension of the projected mine life beyond fifteen years".

Constancia Feasibility Team

The Constancia feasibility team includes GRD Minproc (resource modeling, mining, processing and metallurgy), Knight Piesold (tailing and waste management, water management and geotechnical), CESEL (power) and SIGT (access road). Management of the definitive feasibility study falls under Sean Spraggett, Norsemont's General Manager based in Lima, Peru.


<<
Resource estimate and mining study

- Geotechnical drilling in and around the planned Constancia - San
Jose open pit is nearing completion
- Ultimate pit and stage designs completed and individual pit stage
inventories are under review.
- An initial mining and processing schedule has been prepared with an
integral cash flow model.
- Annual mining rates and grades for the supergene, skarn and hypogene
ores have been completed.
- Alternative plant site selection and haulage distance calculations
are under review.
- Major mining equipment shipping dimensions and weights, capital
expenditure and operating cost data have been compiled.
- Initial mining cost estimates, mine scheduling and owner cost
schedules have been prepared.

Metallurgy

- Process design of the grinding circuit nearing completion.
- The proposed circuit consists of a 38 ft. diameter by 22 ft. long
SAG mill with wrap-around motor. Installed power will be 19.4 MW. A
pebble crusher and two ball mills 24 ft. diameter by 40 ft. long,
each with 13 MW motors, will be installed. Total grinding power will
be 50 MW.
- Grind optimisation tests for flotation have been completed.
- Twenty-five tonnes of ore will be campaigned through a third-party
pilot plant. The focus of testing will be on optimising copper
flotation and production of sufficient concentrate to obtain design
data on regrinding, filtration and thickening. Sufficient copper
concentrate will be floated to allow laboratory-scale test work to
produce molybdenum concentrate and confirm the design criteria for
the molybdenum circuit.
- Plant copper recovery of 89% is consistent with ongoing test work
results.

Infrastructure

- Two alternative site locations for the mill processing facilities
have been sterilised and cleared for geotechnical investigations.
- Preliminary camp layout based on accommodation for 400 people
currently under review.
- Geometric road design completed for the Livitaca - Constancia
section. Design of the Yauri -Livitaca section underway.
- Identification of suitable quarries for road construction materials
underway.
- Preliminary design checks of existing bridges commenced.
- Road traffic and hydrology studies completed.
- Design of the power transmission line route from Tintaya underway
and a topographical survey of the transmission route completed.
>>

Commenting, Norsemont's CEO Patrick Evans said: "In addition to the impressive progress with the definitive feasibility study, Norsemont has completed the acquisition of the surface rights over four commercial farms at Constancia. This is of significant strategic benefit to the Company as it provides us flexibility in relation to the location of the surface infrastructure. Although we enjoy good relations with the two communities in the vicinity of Constancia, ownership of the private surface rights enables us to minimize the impact on these communities".

Mr. Evans added: "We have also been successful in increasing our mineral property position at Constancia from the original 5,140 hectares to over 20,000 hectares. As we have completed infill drilling at Constancia we have now relocated a number of our drill rigs to a newly discovered anomaly to the south east of Constancia where drilling is currently underway. Based on recent exploration success we believe the potential exists to increase the Constancia copper resource to between 600 million and 800 million tonnes, which would significantly increase the Constancia mine life."

About Norsemont Mining

Norsemont Mining is a Canadian mineral exploration and development company focused on the 100%-controlled Constancia Cu-Mo-Ag-Au deposit in southern Peru. The Constancia Project currently has a 43-101 compliant indicated resource of 256.3M tonnes at 0.50% Cu (2.85 Billion lbs Cu) and an inferred resource of 156.5M tonnes at 0.33% Cu (1.15 Billion lbs Cu). Mineral resources that are not mineral reserves do not have demonstrated economic viability.

A 43-101 compliant scoping study titled "Preliminary Assessment of the Constancia Project, Department of Cusco, Peru" and dated December 11, 2007 using the previous resource block model anticipates a project producing in excess of 90,000 tonnes of copper annually. That study indicated the project has a net present value of up to $530 million and an internal rate of return of 25.3 percent, both including a 25% contingency. The following long-term commodity price assumptions used in the study: copper $1.80 per pound, molybdenum $12 per pound and silver $11 per ounce. If a revised price deck of copper $2.00 per pound, molybdenum $15 per pound and silver $10.50 per ounce is used in the same Discounted Cash Flow Model the net present value increases to $746 million and an internal rate of return of 31% (including a 25% contingency) based on the 55,000 tpd production case. The full study, dated December 11, 2007, and is available for viewing on SEDAR.

The technical information provided in this press release was reviewed and approved by Robert. W. Baxter (MAusIMM), the President and a director of the Company and a qualified person for the purposes of National Instrument 43-101.

SOURCE: Norsemont Mining Inc.

Patrick Evans, CEO, Phone: (416) 670-5114, Fax: (416) 408-4077, E-Mail: investors@norsemont.com, Web Site: www.norsemont.com
Copyright (C) 2008 CNW Group. All rights reserved.