Rohstoffthread (Archiv)

[dukezero]

Scorpio Provides Operations Update on Nuestra Senora Project, Mexico
SCORPIO MINING CORP SPM
9/3/2008 8:00:28 AM
VANCOUVER, Sep. 3, 2008 (Canada NewsWire via COMTEX News Network) --

TSX: SPM

Scorpio Mining Corporation (TSX:SPM) is very pleased to provide an operations update from its 100% owned Nuestra Senora project, Sinaloa State, Mexico.

Peter J. Hawley, Chairman, CEO reports, "To date the Company has met every goal it has set, from the construction of the mill facility in record time, to the mill start up on time, to the production of concentrates on time. Shipment of concentrates commenced in August and the first smelter and off-take payments are expected this month. During September, the Company will be aggressively executing programs to increase the mill thoughput, improve recoveries and increase the amount of concentrates produced, as well as continue development of the higher-grade stopes in the Santa Teresa and the North West Zones. These measures, plus reducing operating costs, are the progressional steps the Company has implemented to continue to work towards positive cash flow during the six month start-up period. In addition, underground drilling continues to be successful with discovering new bodies and defining high-grade zones previously announced."


<<
Update

- The current surface stockpile consists of 109,309 tonnes of mill
tune-up development ore in two stockpiles. Stock pile 1 contains
54,944 tonnes grading 69 g/t Ag, 2.55% Zn, 1.42% Pb, 0.25% Cu and
0.08 g/t Au and stockpile 2 contains 54,446 tonnes grading 86 g/t Ag,
2.53% Zn, 1.56% Pb, 0.18% Cu and 0.07 g/t Au.
- During the month of August, the mill facility processed 23,570 tonnes
of material.
- The August monthly average mill rate for the 31 days was 760 tonnes
per day (TPD).
- During the last 13 days of August the mill rate averaged 971 TPD.
- During August the Company produced 310.4 tonnes of lead concentrate
with an average grade of 56.38% lead and 2,927 g/t silver (175
contained tonnes of lead).
- During August the Company shipped 276 tonnes of lead concentrate to
the Penoles smelter facility in Torreon, Mexico.
- On September 15, 2008, the Company expects to receive its first
payment from Penoles for the August shipment.
- During August the Company produced 428.7 tonnes of zinc concentrate
with an average grade of 53.75% zinc and 233 g/t silver (230 contained
tonnes of zinc).
- The current zinc concentrate inventory is in excess of 600 tonnes.
- As of September 2, 2008, the Company is shipping a minimum of 70
tonnes of zinc concentrate to the storage facility in Manzanillo,
Mexico on a daily basis (Monday through Friday) for future shipment to
the Asian markets.
- On or before September 15, 2008, the Company expects to have delivered
the first 1,000-tonne lot of zinc concentrate to the warehouse
facility, which will trigger an immediate payment from the Company's
concentrate brokers, Ocean Partners.
- The Company has been pursuing a number of options for reducing
operating costs without affecting performance, in order to be more
aggressive in attaining positive cash flow.
>>

Further information on the Company and the Nuestra Senora project and photos of the first concentrate shipment are available on the Scorpio Mining web site at: www.scorpiomining.com.

President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified Person for the Nuestra Senora project. Mr. Scammell is responsible for the current exploration and development programs and has reviewed the content of this release.

<< ON BEHALF OF SCORPIO MINING CORPORATION Peter J. Hawley Chairman & CEO >>

This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to planned shipments of concentrates and receipt of smelter payments, and Scorpio Mining Corporation's commitment to, and plans for developing the Nuestra Senora Project. Generally, these forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Scorpio Mining Corporation to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development and construction of the Nuestra Senora Project, risks related to international operations, construction and mill commissioning delays and cost overruns, the actual results of current exploration, development and construction activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of silver, zinc, copper, lead and gold, as well as those factors discussed in the sections relating to risk factors of our business filed in Scorpio Mining Corporation's required securities filings on SEDAR, including its Annual Information Form dated March 26, 2008. Although Scorpio Mining Corporation has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.

There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Scorpio Mining Corporation does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

SOURCE: Scorpio Mining Corporation

Glenn Little, Jackson Little Holdings Ltd: (604) 930-4375, 1-888-930-4375, Email: jlconsulting@telus.net; Rich Kaiser, YES International: 1-800-631-8127, 001-757-306-6090 (outside North America), Email: yes@yesinternational.com
Copyright (C) 2008 CNW Group. All rights reserved.

 

[greenhorn]

Sep 03, 2008 08:49 ET
NioGold Mining Corporation: Drilling at Marban Delineates Near-Surface Wedge Zone
VAL-D'OR, QUEBEC--(Marketwire - Sept. 3, 2008) - NioGold Mining Corporation (TSX VENTURE:NOX)(FRANKFURT:NG1) ("NioGold") reports on the 2008 diamond drilling program on the Marban Block property located in the Malartic Gold Camp, Abitibi region, Quebec, where the Company has completed 53 holes (18,008 metres) to date in 2008 on the Marban West Extension target and Wedge Zone.

Assay results were received for 9 holes (MB-08-049 to MB-08-57) drilled on the Wedge Zone where definition drilling is being conducted at 50-metre hole spacing. The results are typical of the Wedge Zone characterised by thick sections of low grade mineralisation that include higher grade intervals. Best results include:




- MB-08-051: 9.84 g/t Au over 3.1 metres included in 3.10 g/t Au over 14.8 metres; 6.65 g/t Au over 1.2 metre; 6.41 g/t Au over 1.2 metre.
- MB-08-052: 8.56 g/t Au over 1.2 metre; 5.62 g/t Au over 2.0 metres; 17.9 g/t Au over 1.1 metre included in 5.53 g/t Au over 4.3 metres; 12.9 g/t Au over 1.2 metre; 13.4 g/t Au over 1.2 metre.
- MB-08-053: 8.34 g/t Au over 1.3 metre included in 2.47 g/t Au over 12.1 metres.
- MB-08-054: 6.99 g/t Au over 1.2 metre.
- MB-08-055: 7.40 g/t Au over 1.8 metre; 6.28 g/t Au over 1.2 metre.
- MB-08-056: 12.70 g/t Au over 1.2 metre included in 1.60 g/t Au over 22.8 metres;
- MB-08-057: 16.70 g/t Au over 1.2 metre.



The Company is very pleased with the drill results that confirm the continuity of the main Wedge Zone gold mineralised structure (Upper Wedge) over a strike extent of 550 metres. A second gold mineralised structure (Lower Wedge) has also been identified.

The Wedge Zone was discovered in late 2006 by hole MB-06-001 (3.62 g/t Au over 26.4 m including 10.78 g/t Au over 4.0 m) and is developed near surface, above and to the north of the mine out gold ores of the former Marban Mine (1961-74). The Wedge Zone has been traced from lines 0W to 550E. To the west, it appears to merge with several gold mineralised structures identified over the West Extension target (see News Release dated August 12, 2008).

Results for holes MB-08-049 to MB-08-057 are tabled below. Reported intervals are in core lengths but are inferred to be close to true width as the holes were drilled perpendicular to the general structural trend. Readers are invited to review the Marban drilling surface plan and schematic cross-section available at www.niogold.com/marban.

 

[dukezero]

Aurelian Resources Investor Community on AGORACOM Revolts Against Kinross Gold Bid. Registers 1,122,000 Page Views

TORONTO, ONTARIO--(Marketwire - Sept. 3, 2008) - AGORACOM (http://www.agoracom.com), Canada's largest small-cap investment community and only provider of monitored online communities to public companies, today announced that the Aurelian Resources Inc. Community on AGORACOM ("Aurelian AGORACOM Community") has registered over 1,122,000 page views since July 24 from shareholders that overwhelmingly will not tender their shares to the offer made by Kinross Gold Corporation.

"MOST SUCCESSFUL CANADIAN ONLINE SHAREHOLDER ACTIVISM CAMPAIGN"

George Tsiolis, Founder of AGORACOM stated "This is by far the most successful Canadian online shareholder activism campaign I have ever seen. In addition to building a massive and highly informed online community, this well orchestrated campaign attracted major business media and blog coverage, took top spot on Yahoo! Buzz (Business) on its first day, and even extended to YouTube. All that remains now is the result. If you are a shareholder of Aurelian Resources Inc., I urge you to read the comments of this group and watch their very compelling YouTube Video. For your convenience, we have provided links to them below."

COMMUNITY SEES MAJOR DEFICIENCIES WITH KINROSS BID

Amongst the many concerns expressed by the Aurelian AGORACOM Community, the following are most prevalent:

1) Valuation Of The Bid (All Figures In Canadian Dollars)

Kinross Gold has offered to acquire shares of Aurelian Resources that it does not already own on the basis of 0.317 of a Kinross common share and 0.1429 of a Kinross warrant for each Aurelian share to holders of Aurelian shares and holders of options of Aurelian.

As of the offer announcement on July 24, 2008, the implied value of the offer was $8.20 per share, based on a 20-day volume weighted average price of each company, representing a 63% premium to Aurelian's 20-day volume weighted average price of $5.02. This attributes a value of $0.92 per Aurelian Share to the 0.1429 of a Kinross Warrant payable as partial consideration for each Aurelian Share under the terms of the Offer.

Unfortunately, Kinross shares have fallen by approximately 23.2% to $16.00 as of September 2, 2008.

At this price, the Kinross offer values Aurelian shares at approximately $5.62 ($16.00 x .317 equals $5.08) + ($0.544 per Aurelian share to the .1429 of a Kinross Warrant(i)), representing only an 11.95% premium over Aurelian's 20-day volume weighted average price of $5.02 on July 23, 2008.

(i) Investors Are Asked To Confirm This Figure With Their Investment Advisors As The Kinross Warrants Do Not Currently Trade On The TSX or Any Exchange. Kinross has only applied to the TSX to list the Kinross Warrants to be issued to Shareholders in connection with the Offer. As such, an exact figure can not be truly ascertained.

Moreover, given the fact the Kinross warrants have an exercise price of $32.00 per Kinross common share, well above its September 2nd closing price of $16.00, the Aurelian AGORACOM Community believes this component of the consideration to be virtually worthless, thereby valuing the actual bid at just $5.08 ($16.00 x .317 equals $5.08), representing a mere 1% premium over Aurelian's 20-day volume weighted average price of $5.02 on July 23, 2008.

In either circumstance, the Aurelian AGORACOM Community is significantly concerned with the value of the Kinross offer, does not believe it even remotely reflects the true value of Aurelian Resources and, therefore, does not believe it sufficiently warrants tendering of their shares to the Kinross offer.

2) Timing Of The Bid and Expiry Date

The Board of Directors of Aurelian Resources accepted the Kinross offer on July 24th, as well as, an expiry date of September 3rd. The Aurelian AGORACOM Community is concerned as to why the Board would agree to an offer during the busiest vacation period of the year, as well as, an expiry date shortly after Labour Day, thereby significantly reducing the possibility of a competing proposal.

For example, on August 24, 2008, Q9 Networks Inc. announced an acquisition by CDC Acquisition Corp. at a 38% premium to its 30-trading day volume weighted average closing price. That transaction has also been approved unanimously by the Board of Directors of Q9. However, the Agreement contains a "go-shop" provision pursuant to which Q9 has the right to solicit and engage in discussions and negotiations with respect to potential competing proposals through the go-shop period, which ends on October 3, 2008.

The Aurelian AGORACOM Community questions why the Aurelian Board did not insist on a later expiry date and/or a "go shop" clause for the purpose of soliciting a competing bid.

3) Granting Of Stock Options To Board Members Days Before JV Discussions With Kinross

The Aurelian AGORACOM Community is concerned as to why the Board granted more than 2.4 million options to Board members shortly before commencing Joint Venture discussions with Kinross. The Aurelian Community believes this creates, at the very least, the appearance of impropriety and the strong possibility of a conflict of interest contrary to those of shareholders.

COMMUNITY ASKS FELLOW SHAREHOLDERS TO NOT TENDER SHARES

As a result of these and other unresolved major concerns, the Aurelian AGORCOM Community is asking fellow investors to not tender their shares to the current Kinross offer.

RELEVANT LINKS

Aurelian AGORACOM Community:

http://agoracom.com/ir/Aurelian

Aurelian AGORACOM Community Video On YouTube:

www.youtube.com/watch?v=-VPX6b3mnC0

Aurelian AGORACOM Community Coverage Archive

blog.agoracom.com/?s=aurelian

About AGORACOM - No Profanity, No Spam, No Stock Bashing, No Stock Hyping

AGORACOM (http://www.agoracom.com) is Canada's largest small-cap investment community and the pioneer of monitored online communities to public companies. Over 1,000,000 investors have visited AGORACOM in the past year and read over 90,000,000 pages of information.

AGORACOM is also the official content provider of small-cap and micro-cap content to Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet.

AGORACOM Investor Relations http://agoracom.com/services is North America's largest small-cap investor relations firm, with more than 85 companies relying on AGORACOM to provide search engine marketing, customized communities, webcasting, podcasting, blogging and other Web 2.0 communications tools.

 

[greenhorn]

Sep 03, 2008 09:15 ET
Buffalo Gold Receives Resource Estimate for Furtei Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2008) - Brian McEwen, President and CEO of Buffalo Gold Ltd. (TSX VENTURE:BUF)(OTCBB:BYBUF)(FRANKFURT:B4K) is pleased to announce the first NI 43-101 compliant resource estimate at the Furtei gold mine in Sardinia, Italy. The resource estimate includes Measured and Indicated sulphide resources of 425,800 ounces gold, including 5.73 million tonnes at 2.3 g/t gold, 0.24% copper and 3.06 g/t silver at a 1 g/t gold cut-off.

The resource estimate was completed by Wardrop Engineering Inc. in compliance with NI 43-101, and will be included in a Technical Report to be filed on SEDAR shortly. The resource estimate is based on 1,568 drill holes and 1,034 sample trenches that were completed during the period 1990 to 2004. The programs identified 11 distinct ore deposits on the property. Details of the resource estimate are contained in Table 2 below. The majority of the resource comes from the gold-copper and gold-pyrite sulphide mineralization. Buffalo recently announced an arrangement with MRI Trading AG ("MRI") of Zug, Switzerland for the sale of all sulphide concentrates produced for the life of the Furtei mine (see Buffalo Gold news release dated July 9th, 2008).

"We are pleased to have this completed as it forms the basis for the feasibility study we have undertaken," commented Mr. McEwen. "This estimate confirms our internal calculations of the current resources and we anticipate delineating additional resources as we explore on the property."

Buffalo, with help from Wardrop, has commenced a feasibility study at Furtei, expected to be completed by the fourth quarter of 2008. The study will incorporate this resource estimate, and include an updated mine plan as well as capital and operating costs of the project. As part of the feasibility work Buffalo is drilling holes for metallurgical testing of the ore bodies. The first of these holes drilled through the Su Coru ore body returned assay results of 74 metres of 7.07 g/t gold and 1.6% copper. This is significantly higher in grade than the average from the resource estimate at Su Coru of 3.77 g/t gold and 1.05% copper, and indicates a possible opportunity to increase resources at that deposit.




Table 1. Results of Metallurgical Drilling at Su Coru-------------------------------------------------------------------------- From (m) To (m) Interval (m) Au (g/t) Cu (%)--------------------------------------------------------------------------CODM001 73 147 74 7.07 1.6--------------------------------------------------------------------------Including 93 95 2 11.97 2.4--------------------------------------------------------------------------And 106 109 8 44.27 7.0--------------------------------------------------------------------------And 114 115 1 42.20 5.6--------------------------------------------------------------------------And 137 144 7 10.57 2.4--------------------------------------------------------------------------



Samples were analysed by four labs in Sardinia, Tuscany, France and Ireland. Samples were analysed using a 50g fire assay with AA finish for gold and an aqua regia digestion, ICP-OES finish for copper.

In addition to the feasibility study, Buffalo has an exploration drill program underway, as detailed in the news release of March 19th, 2008. Buffalo has so far completed 1,608 m of diamond and 651 m of RC drilling. First results are expected to be available in the next month.

Resource Estimate Methodologies

This resource estimate was completed by Wardrop Engineering Inc. in compliance with National Instrument 43-101 (NI 43-101), and is based on historic data at Furtei - no current drilling has been completed or incorporated in this resource estimate. Wardrop reviewed and updated the geological model for each of the deposits. A NI 43-101 compliant Technical Report is underway and will be posted on SEDAR upon completion.

The drillholes were coded based on the geological interpretation. A capping strategy was developed based on these selected drillholes to minimize the metal at risk. Wardrop capped assays before compositing. The composite length was 1.25 meters. A minimum of three composites were used for grade estimation along with a maximum of eight composites. A maximum of two composites were used from each drillhole.

Wardrop Engineering Inc. reported resources using a cut-off grade of 1.00 g/t Au. The grade interpolation was based on Inverse Distance Weighting Squared. Validation models were also completed using Inverse Distance Weighting Cubed and Nearest Neighbour interpolation methods. A bulk density of 2.00 g/cc was used for the Oxide resources and 2.48 g/cc for the Sulphide resources.

The classification was based on the drill spacing: Indicated Resources used a minimum of two drillholes with the nearest composite within 30 meters. The remaining blocks were classified as Inferred Resources. Inferred Resource blocks were also based on a minimum of two drillholes used for grade estimation.



Table 2. Sulphide Resources for Furtei Mine (August 11th, 2008)
-----------------------------------------------------------Measured and Indicated Resources at 1.00 g/t Au Cap cut-off-------------------------------------------------------------------------- Tonnes Grade Au In Situ Grade Grade Grade (000 t) (g/t) (000 oz) (%) (%) (g/t)--------------------------------------------------------------------------Au-Cu ore 2,673.5 2.717 233.5 0.52 0.12 3.89--------------------------------------------------------------------------Au-Py ore 3,054.9 1.957 192.2 - - 2.33--------------------------------------------------------------------------TOTALS 5,728.4 2.312 425.8 0.24 0.06 3.06--------------------------------------------------------------------------
---------------------------------------------Inferred Resources at 1.00 g/t Au Cap cut-off-------------------------------------------------------------------------- Tonnes Grade Au In Situ Grade Grade Grade (000 t) (g/t) (000 oz) (%) (%) (g/t)--------------------------------------------------------------------------Au-Cu ore 65.9 3.151 6.7 0.48 0.20 7.80--------------------------------------------------------------------------Au-Py ore 284.8 1.771 16.2 - - 1.83--------------------------------------------------------------------------TOTALS 350.7 2.030 22.9 0.22 0.09 4.61--------------------------------------------------------------------------
The following capping levels were used in the resource calculations:------------------------------------------------------ Au (g/t) Cu (%) As (%) Ag (g/t)------------------------------------------------------Au-Cu Deposits 70 20 6 190------------------------------------------------------Py-Au Deposits 25 - - 40------------------------------------------------------



Tim Maunula, P.Geo., was the Qualified Person responsible for the grade estimation on the Is Concas, Su Coru, Nord, Est, S'Arruga, Cima, Cima West, Su Masoni, Sa Perrima, Coronas Arrubias and Bruncu Murdegu deposits.

About Buffalo Gold

Buffalo's vision is to build shareholder value by growing a gold mining company through a combination of exploration and acquisition. The Company became a gold producer in November 2007 with the acquisition of the Furtei mine, and is exploring projects in Sardinia, PNG and Australia.

To find out more about Buffalo Gold Ltd. (TSX VENTURE:BUF), please visit the company website at www.buffalogold.ca.

Brian McEwen is the Qualified Person for Buffalo and has read and approved the contents of this news release.

On behalf of the Board of Directors of BUFFALO GOLD LTD.

Brian McEwen, President and CEO

 

[dukezero]

Sep 03, 2008 12:08 ET
Sabina Silver Announces Q2 Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2008) - Sabina Silver Corporation (the "Company") (TSX VENTURE:SBB) announced today the financial results for the period ended June 30, 2008. The Company ended the first half of 2008 with cash and security investment resources of $44,598,201.

"Although the first half of 2008 was a challenging one for Sabina," said Tony Walsh, President and CEO, "the Company is now poised to deliver on its commitments to create further shareholder wealth. A strategic plan has been created that both pushes the large Hackett River Project forward, while at the same time looking for opportunities to provide solid share performance and create further value during the interim."

Hackett River is the Company's flag ship project in Nunavut Canada. Not only is it one of the largest undeveloped silver projects around, but it is in one of the world's most appealing mining jurisdictions. As announced earlier this month, the Company has added some key team members; is focusing on preserving cash; has completed this year's required work to push Hackett River forward; and is evaluating other projects and companies for merger and acquisition opportunities.

"We believe all these things are adding value to the Company, and put us in a great position with a great message when we start our major marketing campaign this month," said Mr. Walsh, "I have no doubt that Sabina has the elements of an attractive investment and that we will be able to communicate that to the investment community."

Financial Results

For the three months ended June 30, 2008, the Company reported a net loss of $6,778 as compared to net earnings of $4,543,187 for the same period in 2007. The earnings in fiscal 2007 were a result of sales of securities during that period. The Company's earnings are primarily derived from the interest, sales and changes in fair value on investments held for trading and sale. Expenses in the period were nearly offset by earnings in the same period.

The Company had cash and security investment resources of $44,598,201 at June 30, 2008 as compared with $50,632,747 at December 31, 2007. All security investment resources are held in guaranteed investment certificates at Canadian banks and in marketable Canadian securities. The decrease in cash and investment resources is primarily due to exploration expenditures of $8,936,422 in the six month period which was partially offset by an increase in fair market value of marketable Canadian securities held for resale. The Company is fully financed to reach its feasibility and permitting objectives on the Hackett River Project.

Subsequent to the end of the quarter, Mr. John Wakeford and Ms. Elaine Bennett were appointed Senior Vice-President, Corporate Development and Vice-President, Finance & Chief Financial Officer respectively (see News release dated August 20, 2008 on the Company's website).

Mr. Wakeford has been granted 700,000 stock options exercisable at a price of $0.99 per share for a period of five years; Ms. Bennett has been granted 500,000 stock options exercisable at a price of $0.90 per share for a period of five years.

For the full June 30, 2008 financial statements and Management's Discussion and Analysis, please see the Company website at www.sabinasilver.com.

SABINA SILVER CORPORATION is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in the Canadian Arctic, the Del Norte project in the Stewart-Eskay Creek Mining District and several projects in the Red Lake gold camp.

Forward Looking Statements

Statements relating to permitting, feasibility and exploration work at the Hackett River project and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the estimation of metal reserves and resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2007.

Forward-looking statements are based on the beliefs, estimates and opinions of Sabina's management on the date the statements are made. Sabina undertakes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors, should change.

This news release has been authorized by the undersigned on behalf of Sabina Silver Corporation.

Tony Walsh, President and CEO

 

[dukezero]

 

[dukezero]

Es riecht förmlich nach News bei unserem schlafenden Rostlauben Giganten. Canada hat fett gekauft!!

 

[dukezero]

Following letter from Dusty Nicol

Dear Shareholder,

I was appointed President and CEO of Tournigan Energy in July 2008.
Having had some time now to review the company's assets, I am writing
this letter to present to you my plan to regain and increase
shareholder value.

As our name states, our primary focus is energy. Our most significant
properties are located in Slovakia, a member of the European Union and
a country which has made a long-term commitment to nuclear energy. Our
most advanced property is Kuriskova, a large, high-grade uranium
deposit on which we recently completed a resource recalculation,
resulting in a significant upgrade to the resource. Our other
significant uranium properties in Slovakia include Novoveska Huta,
which was the subject of a great deal of historical exploration work
and on which we are conducting a resource recalculation, and a large
area of prospective exploration ground on which our reconnaissance work
(including airborne radiometric surveys) has demonstrated tremendous
potential for discovering additional uranium mineralization.

Currently we are drilling with two rigs at Kuriskova. This drilling is
expected to further upgrade the resource, moving more pounds of uranium
from the inferred to the measured and indicated categories, as well as
to add to the resource both along strike and at depth. We continue our
baseline environmental sampling and geotechnical data collection on the
property as well as continuing the dialogue with communities and
government at all levels in Slovakia about the project and its
potential social, environmental and economic impacts. We are
evaluating options that will optimize value to Tournigan shareholders
as Kuriskova heads toward feasibility and an expected production
decision.

At Novoveska Huta, we have one rig drilling at present and plan to add
a second shortly. Drilling there is so far confirming the results of
historic drilling; recent drilling also appears to have extended the
strike length of mineralization and has intersected higher grade
mineralization than reported in the historic resource. We hope that
continued drilling will add to the deposit's size as well as increase
its grade. Our objective is to complete a resource recalculation there
near the end of 2008 or early in 2009 and advance Novoveska Huta so
that it is also ready for a feasibility study and expected production
decision.

On our Slovakian exploration properties, we are continuing to follow up
on the anomalies generated by our airborne radiometric survey. Work to
date has identified 25 individual targets worthy of follow up. We will
be prioritizing these targets and aggressively advancing exploration on
them.

In addition to our Slovakian uranium assets, we have several
early-stage uranium exploration properties in the western United
States. These are lower priority to us and will not be the focus of a
significant amount of activity by Tournigan. We are evaluating options
for selling or joint venturing these in a way that maintains some
participation for our shareholders in any long-term potential upside.

In addition to its uranium assets, Tournigan Energy has two significant
gold assets: Curraghinalt in Northern Ireland and Kremnica in Slovakia.
Curraghinalt is a high-grade vein deposit with significant potential
to expand both laterally and at depth. Kremnica, which has produced
over 1.7 million ounces of gold since medieval times, has a defined
resource near historic workings. However, we feel that the real
potential at Kremnica lies within the extensive mineralized area in the
southern part of the exploration license, where relatively little
exploration has been conducted to date.

As most of you know, Tournigan gave serious consideration recently to
splitting its gold assets into a separate company by means of a
so-called "butterfly split". Market conditions since then have not
been favorable for this and these plans have been shelved for the
present. We are evaluating options for realizing value for these gold
assets.

I accepted this job because I felt that Tournigan Energy has a
world-class combination of assets that represented an ideal springboard
for realizing growth. During my first two months, we have made major
reductions in head office staff and costs and our resulting scaled back
management team has the skills and experience that we need. We have
focused our efforts on those assets which have the potential to add
real shareholder value and will continue to focus our efforts in these
directions. While we will always be aggressive in following
opportunities as we identify them, we will not allow ourselves to be
distracted from our objective: to become a premier mid-tier explorer,
developer and producer of uranium. Our strategy will be to advance
Tournigan projects through exploration and development; where
appropriate, we will bring in senior joint venture partners to provide
capital and share the risk in construction and operation. Initially
our focus will remain in Slovakia where we already have world-class
uranium assets, but we will expand into other areas as we identify
opportunities that make commercial sense and fit into our strategy and
objective.

The next few years promise to very exciting for Tournigan Energy. I
thank you all for your continued support and I certainly welcome any of
your questions. If you have questions, please contact Knox Henderson,
our Manager of Investor Relations, or email info@tournigan.com.

Sincerely,
"Dusty Nicol"

Dorian L. (Dusty) Nicol
President and Chief Executive Officer

 

[dukezero]

Sep 04, 2008 03:01 ET
Canasia Industries Corporation: Core Samples Being Sent for Analysis From Clone Gold Prospect

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2008) - Canasia Industries Corp., (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) ("Canasia") has been notified by the operator on the Clone Gold Prospect that the first nine drill holes have been completed and six have been sent for assay. The 2008 drill program consists of four holes to test the H zone, four holes to test the S zone and two holes to test a newly discovered copper-bearing vein, with drilling continuing on the second hole on the copper-bearing vein. That will be the last hole of the 2008 drill program, which has covered approximately 3,000 feet of drilling.

Management will be presenting at the Hard Assets Conference in Las Vegas, NV on September 9-10 at Mandalay Bay Convention Center, booth number 407. Management encourages shareholders and potential shareholders to attend the conference and meet management in person.

If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com.

Graeme Sewell, Director

Canasia Industries Corporation

Disclaimer for Forward-Looking Information

Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) inability to obtain all necessary environmental and regulatory approvals, (9) an increase in the number of competitors with larger resources, (10) other factors beyond the Company's control); and (11) the ability of the Company to acquire the services of contract trades to perform work programs in a timely manner. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian security regulators.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

 

[dukezero]

Iron ore price negotiations - Vale denies reports of 20% rise (steelguru.com)

In response to a request from the Brazilian securities regulator Comissão de Valores Mobiliários Companhia Vale do Rio Doce informs that it does not confirm rumors circulating in the market today regarding a price adjustment of 20% for iron ore.

It said that “Vale hereby reinforces that as part of its ongoing business, it is constantly dialoguing with clients aiming to reach satisfactory mutual conditions for commercial contracts, involving among other factors, quality, volumes and time for delivery.”

It added that “Vale also reinforces its commitment with its customers, investing a substantial amount of resources in increasing production capacity. Currently, we are developing projects to add new capacity of high quality iron ore to meet our client needs, to reach a production capacity of 450 million metric tonne per year by the end of 2012, which will require substantial investment in new mines and the enlargement of our railroad and port infrastructure.”

Steel Business Briefing reported that Vale has issued Chinese steel customers with a contract addendum, raising the 2008 benchmark iron ore prices it originally negotiated in February by around 20%. The report said that the price of Vale’s South System iron ore fines has now increased 86.4% on the 2007 contract price, while the price of Carajás fines is up 92.4%. This compares to increases of 71% and 65% respectively that Vale agreed with Chinese mills back in February.

 

[dukezero]

http://www.denvergold.org/i4a/pages/index.cfm?pageid=3285

 

[dukezero]

AE6!

 

[greenhorn]

lesen die mit? gestern noch gemosert.............sehr schöne Werte, der Makler in FF´M will allerdings wohl keine Geschäfte machen bei dem Spread!

Sep 04, 2008 06:30 ET
VMS Ventures Inc.: RD-08-51 Intersects 97.21 Metres of 2.08% Copper at Discovery Zone, Snow Lake, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2008) - VMS Ventures Inc. (TSX VENTURE:VMS) (the "Company") is pleased to report assay results from drill holes RD-08-51 and RD-08-52 at its Reed Lake Discovery Zone near Snow Lake, Manitoba.

Drillhole RD-08-51 intersected two zones of mineralization: from 223.25 to 320.46 metres and 367.81 to 370.16 metres. The upper zone contains 97.21 metres of 2.08% Cu and the lower zone contains 5.14 metres of 1.14% Cu. Hole RD-08-51 is on the same cross-section as holes RD-08-59, RD-08-70 and RD-08-71, whereas hole RD-08-52 is on the same section as holes RD-08-11, RD-08-53 and RD-08-55.

Highlights:

- RD-08-51: 97.21 m (318.93 ft) of 2.08% Cu, 0.07% Zn

Including: 10.77 m (35.33 ft) of 6.86% Cu, 0.23% Zn

- RD-08-52: 5.14 m (16.86 ft) of 1.14% Cu, 0.02% Zn




TABLE IASSAYS FOR DRILLHOLESRD-08-51 and RD-08-52
---------------------------------------------------------------------DRILL FROM TO INT(i) Cu Zn Ag AuHOLE (m) (m) (m) % % g/t g/t---------------------------------------------------------------------RD-08-51 223.25 320.46 97.21 2.08 0.07 Pending Pending---------------------------------------------------------------------Inc 223.25 234.02 10.77 6.86 0.23 Pending Pending---------------------------------------------------------------------Inc 240.05 286.31 47.14 2.28 0.06 Pending Pending---------------------------------------------------------------------And 367.81 370.16 2.35 2.53 0.05 Pending Pending---------------------------------------------------------------------RD-08-52 120.67 125.58 5.14 1.14 0.02 Pending Pending---------------------------------------------------------------------(i) True Thickness unknown



Dr. George Gale, VP Exploration states, "The intersection in RD-08-51 consists predominantly of sulphide veinlets similar to the mineralization in RD-08-38. To achieve a grade in excess of 2% copper over such a long interval is very encouraging and suggests that we may have the beginnings of a second zone of mineralization as it appears to be different than the pyrite-magnetite zone."

New Property Acquisition

VMS Ventures Inc. has entered into an Option Agreement with Mr. William Kuran and Mr. Warren Heidman to acquire a 100% interest in the Mort Claims which are located 27 km west of the mining community of Snow Lake and 21 km north of the Company's Reed Lake Property. The Mort Claims comprise a contiguous block of 12 claims covering an area of 23.18 sq km and are considered prospective for copper-zinc deposits.

In order to earn a 100% interest in the claims, VMS Ventures Inc. will issue 75,000 common shares of the Company to each of the two property vendors of the property upon receipt of the acceptance of the TSX Venture Exchange. Also, a onetime payment of $25,000 will be made. The property is subject to a Net Smelter Royalty ("NSR") of 2%, one half of which may be purchased by VMS Ventures Inc. for $500,000.

VMS Ventures Inc. employs a rigorous quality assurance and quality control program that includes secure storage and shipping of assay samples combined with standards, blanks, duplicates and replicate assays. All the samples reported in this release were prepared and assayed at Activation Laboratories Ltd. in Ancaster, Ontario.

All technical information in this release has been reviewed by Dr. George Gale, P.Geo, Vice President, VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest land package considered prospective for nickel-copper mineralization at Lynn Lake, which is to date Canada's third largest nickel producing camp. The Company's project portfolio consists of the Snow Lake VMS project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project, the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite Complex, Specialty Metals property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal B.Sc., President & Director


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

For more information, please contact

VMS Ventures Inc.
Keith Patey
Director of Communications
(604) 986-2020 or Toll Free: 1-866-816-0118
(604) 986-2021 (FAX)
Website: www.vmsventures.com

or

Coal Harbor Communications
Dale Paruk
(604) 662-4505 or Toll Free: 1-877-345-3399 Click here to see all recent news from this company Privacy Statement | Terms of Service | Sitemap |© 2008 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

 

[dukezero]

Ich hab auch 100m 100% Kupfer in meiner Wohnung!

VMS Ventures Inc. has entered into an Option Agreement with Mr. William Kuran and Mr. Warren Heidman to acquire a 100% interest in the Mort Claims which are located 27 km west of the mining community of Snow Lake and 21 km north of the Company's Reed Lake Property. The Mort Claims comprise a contiguous block of 12 claims covering an area of 23.18 sq km and are considered prospective for copper-zinc deposits.

 

[greenhorn]

müßten wir nur als "Bohrergebniss" veröffentlichen...................

 

[dukezero]

September 03, 2008
Cypress & Skyharbour Enter Balmer Assemblage on their Bruce Channel / Red Lake Drill Program



Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (FWB: C1Z) and Skyharbour Resources Ltd. (TSX-V: SYH) are pleased provides an update from the field regarding its ongoing drill program on their Cypress (80%) Skyharbour (20%) owned Broulan Reef property in Red Lake, Northwestern Ontario. The Broulan Reef property is situated along the prolific Red Lake trend, west of Goldcorp Inc’s operating Red Lake and Campbell Mines, and immediately southwest of the Gold Eagle Mines recent major gold discovery in the Bruce Channel zone.

Bruce Channel Red Lake, Ontario Map


Cypress and Skyharbour’s drilling indicates they have encountered mafic / ultra mafic units that are found in the Balmer Assemblage series of rocks at approximately 1450 metres. Sulphides are seen to be pervasive throughout the Balmer Assemblage, consisting of mainly phyrrotite, chalcopyrite, pyrite, and arsenopyrite is also present.

Drilling of the main hole has now been competed to 1752 metres and drilling continues with an anticipated depth of this mother hole to approximately 2200 to 2400 metres. Drilling proceeds at a cautious but steady pace. This will ensure that the main hole maintains stability to allow Cypress and Skyharbour to establish a series of wedge off holes from the main hole to properly explore the rocks of the Balmer Assemblage that are now known to host a major gold deposit in the Bruce Channel zone. The companies are pleased with the progress of the drilling over the last several weeks and look to continue with the rate of footage being attained at this time.

In common with Goldcorp's Red Lake mine, Campbell mine, and Cochenour-Willans mine, and the recently announced Gold Eagle Mines major discovery, the Broulan Reef property lies within the Balmer Assemblage. The structural and mineralogical characteristics are similar to the aforementioned mines. Gold can be found in both its native form, as well as within sulphide rich zones.

The plan for this drill program is to explore the southern extension of the Bruce Channel deposit which is being developed by Gold Eagle Mines. The Bruce Channel zone is inferred to extend on strike onto the Cypress and Skyharbour owned Broulan Reef property.

The past year has seen an extensive amount of activity focused on the Bruce Channel. Gold Eagle Mines has continued to drill and expand the discovery zone to the south southwest toward the Broulan Reef property. Goldcorp continues to drill on the north boundary of the Bruce Channel discovery zone near Goldcorp’s past-producing Cochenour-Willans mine. Cypress and Skyharbour continue to drill on the southern boundary of the Bruce Channel discovery zone.

New Red Lake Gold Deposits Map

On July 31st, Mr. Kevin McArthur, President of Goldcorp, reported that Goldcorp Inc. and Gold Eagle Mines Ltd. have signed an agreement whereby Goldcorp will acquire, through a friendly plan of arrangement, all outstanding shares of Gold Eagle Mines.

Cypress Development’s and Skyharbour Resources’ Broulan Reef property is now the only property along the productive Bruce Channel trend that is not now controlled by Goldcorp.

David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations, is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this News Release.

About Cypress Development Corp.:
Cypress Development Corp. is a diversified precious and base metal exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A.

To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.

About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE and RAINY RIVER districts of northwestern Ontario, Canada.

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH), visit the Company’s website at www.skyharbourltd.com.

ON BEHALF OF THE BOARD OF DIRECTORS
“Don Huston”



--------------------------------------------------------------------------------


DONALD C. HUSTON
President

 

[dukezero]

Sep 04, 2008 08:01 ET
International Tower Hill Mines Ltd.: Livengood Deposit Significantly Expands High Grade Core Zones
MK-RC-0031 161.6 metres @ 1.02 g/t Au and 15.2 metres @ 2.0 g/t Au


Wurde hier am Montag angekündigt!!
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2008) - International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX VENTURE:ITH)(AMEX:THM)(FRANKFURT:IW9) is pleased to announce the latest drill results from the ongoing 2008 resource expansion program at its bulk tonnage Livengood gold project in Alaska. The ongoing results continue to significantly expand the open ended, higher-grade Core Zone of the deposit, which has now been intersected for approximately 1000 metres along strike, across widths of 300-500 metres and is mineralized over an average thickness of approximately 100 metres. The Company has received results from 21 additional drill holes with another 32 holes completed but assays pending. To date the Company has completed a total of 75 holes of its planned 150 hole resource expansion drilling program (Figure 1). To date the 2008 drill pattern has tripled the size of the area previously drilled and used in the February 2008 resource statement which returned 87.8Mt containing 2 million ounces at an average grade of 0.71 g/t using a 0.5 g/t Au cutoff. The currently defined orebody at Livengood is a relatively flat lying tabular zone which outcrops at surface and appears amenable to low cost bulk mining. Notable intersections from the different parts of the Core Zone are:

Southern Extension

- MK-RC-0031: 161.6 m @ 1.02 g/t Au (including 3.05 m @ 7.07 g/t Au) and 15.2 m @ 2.0 g/t Au

- MK-RC-0034: 39.6 m @ 1.94 g/t Au (including 4.57 m @ 8.33 g/t Au), 30.5 m @ 1.13 g/t and 12.2 m @ 1.29 g/t Au

- MK-RC-0033: 38.1 m @ 1.33 g/t Au

Western Extension

- MK-RC-0024: 50.3 m @ 1.38 g/t Au (including 6.1 m @ 6.52 g/t Au)

Eastern Extension

- MK-RC-0037: 29 m @ 1.32 g/t Au

Central

- MK-DD-08-30: 55.89 m @ 1.05 g/t Au, 13.4m @ 2.31 g/t Au and 9.1 m @ 3.53 g/t Au

These holes along with early geochemical arsenic 'gold-pathfinder' results indicate the Core Zone is extensive and remains fully open along strike, to the east and at depth. Mineralization from the south end has extended into all units and is interpreted to indicate that the system is growing in strength and grade in this direction (Table 1). The favourable sedimentary and volcanic package as well as the overlying thrust appears to be flattening as the drilling follows the Core Zone to the south, bring the ore zone closer to the surface.

To view Figure 1 and Section 428925 please click on the following link: http://media3.marketwire.com/docs/ith94.pdf

The bulk of the 2008 drilling will be focused on expanding the higher grade Core Zone, which has consistently returned thicker and higher grade intercepts. The Company is planning to have the new drilling modeled in October of this year with a new NI 43-101 resource statement due in late October. This new resource statement should better characterize the size and grade of the newly discovered Core Zone and set the stage for further expansions as the other half of the 2008 drilling is completed this fall.

In addition to the encouraging results from the Core Zone two scout core holes were drilled 500 metres to the east in the phase II target area which returned encouraging intercepts including MK-08-27: 15.6 m @ 1.06 g/t Au and MK-08-28: 14.5 m @ 0.95 g/t Au and 17.3 m @ 0.67 g/t Au. Each of these holes also encountered numerous other mineralized intersections which indicate that the Livengood gold deposit extends in this direction offering significant expansion potential.

The Company has submitted 23 additional metallurgical characterization samples to Hazen labs to further assess the leachability of the Livengood ore. These samples are an extension of the existing study which found gold to be occurring as native gold and electrum and extractable with cyanide leaching (see NR NR08-06).

The Company continues to operate two reverse circulation drills and one diamond drill on the property and anticipates completing its 2008 drilling program by November. The Company is currently planning a February start-up for the 2009 drilling program. The Company has adequate funds in its treasury to complete its currently planned 2009 drilling program for Livengood.




Table 1
New Drill Result Highlights, Livengood Project, Alaska
Significant intercepts calculated using 0.25 g/t gold cut-off.


Hole Number From (m) To (m) Length (m) g/t Gold
---------------------------------------------------------------------
---------------------------------------------------------------------
Reverse Circulation Holes
-------------------------


MK-RC-0019 1.52 15.24 13.72 0.37
MK-RC-0022 243.84 269.75 25.91 0.52
MK-RC-0024 102.11 152.40 50.29 1.38
includes 138.68 144.78 6.10 6.52
MK-RC-0025 201.17 213.36 12.19 0.66
MK-RC-0026 50.29 70.10 19.81 1.03
MK-RC-0027 0.00 9.14 9.14 1.07
79.25 100.58 21.33 0.72
MK-RC-0028 3.05 7.62 4.57 1.11
41.15 48.77 7.62 0.73
MK-RC-0029 assays pending
MK-RC-0030 89.92 126.49 36.57 0.73
132.59 202.69 70.10 0.83
MK-RC-0031 0.00 15.24 15.24 2.00
includes 9.14 15.24 6.10 3.38
42.67 204.22 161.55 1.02
includes 170.69 173.74 3.05 7.07
MK-RC-0032 33.53 57.91 24.38 0.3
MK-RC-0033 137.16 225.55 88.39 0.63
249.94 288.04 38.10 1.33
MK-RC-0034 199.64 230.12 30.48 1.13
245.36 284.99 39.63 1.94
includes 272.80 277.37 4.57 8.33
291.08 303.28 12.20 1.29
MK-RC-0035 201.17 265.18 64.01 0.81
MK-RC-0036 91.44 112.78 21.34 0.78
MK-RC-0037 202.69 231.65 28.96 1.32
MK-RC-0038 86.87 99.06 12.19 0.38
MK-RC-0039 assays pending
MK-RC-0040 249.94 310.90 60.96 0.80
MK-RC-0041 assays pending
MK-RC-0042 57.91 74.68 16.77 0.92
MK-RC-0043 assays pending
MK-RC-0044 97.54 124.97 27.43 0.84
Core Holes
----------
MK-08-28 100.25 117.53 17.28 0.67
188.26 202.80 14.54 0.95
MK-08-29 assays pending
MK-08-30 52.73 61.87 9.14 3.53
68.77 82.19 13.42 2.31
127.90 183.79 55.89 1.05





Qualified Person

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Pontius is the President and CEO of ITH.

The work program at Livengood was designed and is supervised by Dr. Russell Myers, Vice President, Exploration of ITH, and Chris Puchner, Chief Geologist (CPG 07048), who are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project photograph the core from each individual borehole prior to preparing the split core. Duplicate reverse circulation drill samples are collected with one split sent for analysis. Representative chips are retained for geological logging. All sample shipments are sealed and shipped to ALS Chemex in Fairbanks Alaska for preparation and on to Vancouver, B.C. for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to advanced gold and base metal discoveries. The Company's 100% Livengood deposit is an advanced bulk tonnage resource expansion project that is the current focus of its Alaskan program. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.

On behalf of INTERNATIONAL TOWER HILL MINES LTD.

Jeffrey A. Pontius, President and Chief Executive Officer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the anticipated preparation and timing of an updated 43-101 resource estimate at Livengood, the potential for a significant expansion of the estimated Livengood resources, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the inability of the Company to obtain assay results in a timely manner due to laboratory workload, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, including those detailed above, and other risks identified in the Company's most recent Management Discussion and Analysis and Form 20F annual report. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its US disclosure filings at www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR08-19

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

 

[dukezero]

dukezero schrieb am 02.09.2008, 19:02 Uhr[/url]"]Sep 02, 2008 12:59 ET
ITH Announces Initial Resource Estimate for Mayflower Deposit at North Bullfrog Project, Nevada




Es kommt noch was!! Nur zum Vorglühen.

 

[dukezero]

Sep 04, 2008 08:10 ET
East Asia Minerals Drills 103.15 Metres of 1.81 g/t Gold at Bawone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) reports that recent drilling at Bawone, located one kilometre south of Binebase, on Sangihe Island, Sulawesi, Indonesia, has encountered a thick interval of primary sulphide mineralization, including 103.15 metres of 1.81 g/t gold and 0.20% copper, in the northwestern end of the prospect area. The mineralized zone remains open along strike both to the northwest and the southeast.

Bawone Drilling Update

Diamond core drilling by EAS has recommenced at Bawone with the arrival of a second diamond drill rig on site. The first hole completed in this campaign (BOD-42) returned an impressive thick interval of 103.15 metres of 1.81 g/t gold and 0.20% copper in sulphide mineralization, including a higher grade, near-surface zone of 25.50 metres of 3.39 g/t gold and 0.35% copper. Gold grade distribution is remarkably even throughout the mineralized interval apart from one high-grade interval of 3.45 metres of 12.67 g/t starting at 20.50 metres.

Hole BOD-42 was drilled to the northwest between and perpendicular to holes BOD-01 and BOD-03 to test the strike extension of gold mineralization encountered in 2007 by EAS in BOD-01 (95.0 metres of 2.15 g/t gold starting at 30.0 metres) and BOD-03 (125.0 metres of 1.67 g/t gold starting at 19.0 metres).

Holes BOD-47 and BOD-50 have been drilled 40 and 80 metres respectively southeast of BOD-02 across the projected strike of the known gold mineralized zone. Assays for these holes are pending.




--------------------------------------------------------------------------
Mineral-
Hole From To Interval Gold Silver Copper ization
Number (m) (m) (m) (g/t) (g/t) (%) Type
--------------------------------------------------------------------------
BOD-42 20.50 123.65 103.15 1.81 4.47 0.20 Sulphide
--------------------------------------------------------------------------
Including 20.50 46.00 25.50 3.39 6.04 0.35 sulphide
--------------------------------------------------------------------------





This recent drilling has extended the northwest trending sulphide zone at Bawone to over 200 metres long by 75 metres wide by 100 metres deep (map at www.EAminerals.com). Better gold mineralization appears to form around the margins of breccia bodies and is flanked outwards by andesite dykes and domes. There appears to be good scope to increase the size of the gold-bearing zone, which remains open in most directions.

Samples reported were assayed at PT SGS Indoassay (SGS Group) in Balikpapan. David Royle, B.Sc. (Hons), FAusIMM, CP, the designated QP within the meaning of 43-101, has reviewed and approves the content of this release.

About East Asia Minerals Corporation

East Asia Minerals is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects are being drilled to define NI43-101 compliant resources. The Company owns ten uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. East Asia currently has 55,645,372 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

Forward Looking Statements - This News Release contains forward looking information within the meaning of the British Columbia Securities Act, the Ontario Securities Act and the Alberta Securities Act, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with our expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including uranium, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of the Company. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

To receive or stop receiving EAS news via email, please email Info@EAminerals.com and state your preference in the subject line.

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

 

[greenhorn]

:D einfach Klasse!

dukezero schrieb am 04.09.2008, 14:09 Uhr[/url]"]

dukezero schrieb am 02.09.2008, 19:02 Uhr[/url]"]Sep 02, 2008 12:59 ET
ITH Announces Initial Resource Estimate for Mayflower Deposit at North Bullfrog Project, Nevada




Es kommt noch was!! Nur zum Vorglühen.

 

[dukezero]

Das sind konservativ 4-5 Mill unzen Gold,open pit!

Wenn ich meine Minenbücher richtig verinnerlicht habe! Plus Kleinkram.


http://media3.marketwire.com/docs/ith94.pdf

Das Gelände ist nach allen Seiten offen.

 

[dukezero]

Sep 04, 2008 09:01 ET
Exeter Resource Corporation: Drilling Continues to Expand the High Grade Escondida System at Cerro Moro

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2008) - Exeter Resource Corporation (TSX VENTURE:XRC)(AMEX:XRA)(FRANKFURT:EXB) ("Exeter" or the "Company") reports that diamond drilling continues to significantly expand the high grade Escondida vein system at its Cerro Moro project in Santa Cruz Province, Argentina.

Silver results for previously reported diamond drill hole, MD373, which is located approximately 400 metres ("m") (1,312 feet ("ft")) southeast of a previously known high grade gold-silver mineralization, follow. In addition, new down hole assay results for MD373 returned grades greater than 1 gram per tonne ("g/t") gold increasing the previously reported length of the intersection of 3.55 m to 5.55 m and includes the following significant results:

- 5.55 m (18.2 ft) at a grade of 302.4 grams per tonne ("g/t") gold (8.8 oz/ton) and 6,623 g/t silver (192.1 oz/ton), for a gold equivalent grade(i) of 412.7 g/t (12.0 oz/ton), from a down hole depth of 150.45 m (493.6 ft), including

- 1.20 m (3.9 ft) at a grade of 841.4 g/t gold (24.4 oz/ton) and 13,317 g/t silver (386.2 oz/ton), for a gold equivalent grade(i) of 1,063 g/t (30.8 oz/ton), from a down hole depth of 150.75 m (494.6 ft).

The bonanza intersection quoted above most likely represents a hangingwall splay of the main Escondida structure, which in turn has returned anomalous gold and silver values further down the hole as follows:

- 1.10 m (3.6 ft) at a grade of 9.2 g/t gold (0.3 oz/ton) and 15.8 g/t silver (0.5 oz/ton), for a gold equivalent grade(i) of 9.5 g/t (0.3 oz/ton), from a down hole depth of 172.00 m (564.3 ft).

Significant results from new diamond drill holes MD270 and MD311, which have extended mineralization at depth at the Escondida Central zone, include the following:

- 1.60 m (5.2 ft) at a grade of 19.7 g/t gold (0.6 oz/ton) and 2,046 g/t silver (59.3 oz/ton), for a gold equivalent grade(i) of 53.8 g/t (1.6 oz/ton), from a down hole depth of 90.15 m (295.8 ft), in hole MD311; and

- 0.36 m (1.2 ft) at a grade of 34.8 g/t gold (1.0 oz/ton) and 1,305 g/t silver (37.8 oz/ton), for a gold equivalent grade(i) of 56.5 g/t (1.6 oz/ton), from a down hole depth of 251.67 m (825.7 ft), in hole MD270.

(i) Note: Gold equivalent grade is calculated by dividing the silver assay result by 60, adding it to the gold value and assuming 100% metallurgical recovery. All intervals calculated at a 1.0 g/t gold cut-off.

Exeter's Chief Operating Officer, Paul Cholakos, commented: "Results from MD270 are significant in that they have demonstrated that significant gold and silver grades exist at a depth of approximately 140 m (459 ft) below previous known mineralization.

"MD373, where 50 m by 50 m (164 ft by 164 ft) step-back and step-out drilling is currently in progress, has opened up the eastern two kilometres (1.24 miles) of the Escondida vein which is thought to have potential similar to that of the western two kilometres (1.24 miles) where results from MD270 and MD311 indicate excellent grades extending to depth.

"We believe that the structural setting at Escondida has a significant impact on the positioning of bonanza high grade gold-silver zones along the four kilometre Escondida vein and an expert structural geologist has been contracted to assist in better defining those controls.

"Drilling continues on the Gabriela silver-gold vein and significant results from a number of holes will be released following validation and compilation. Exploration drilling continues to identify numerous veins under cover with encouraging gold results which require more detailed follow-up drilling.

"Following broad spaced discovery drilling at Escondida, and at other major veins such as Esperanza and Gabriela, we now intend to reduce drill spacing so that we can commence resource estimates at year end and expect to release an initial independent 43-101 resource estimate for Cerro Moro in Q2, next year.

"We will concurrently scope the project and expect to be able to release a Scoping Study in the second half of 2009 with the intention to fast track project development. I believe that we can continue to expand the resource base and that a plant can be constructed so that it can be readily expanded as resources expand."

To view attached map please click on the following link: http://media3.marketwire.com/docs/xrc94.jpg

Quality Control and Assurance

 

[dukezero]

Waratah Announces Completion of Stage 1 Infill Development Drilling Program at South Alpha
WARATAH COAL INC WCI
9/4/2008 9:01:00 AM
BRISBANE, AUSTRALIA, Sep 4, 2008 (Marketwire via COMTEX News Network) --

Waratah Coal (TSX VENTURE:WCI) is pleased to announce that it has completed Stage 1 of a major infill drilling program designed to convert approximately 500 million tonnes of Inferred Resource to a Measured and Indicated status at its South Alpha Project (EPC 1040 and EPC 1079).

Waratah Coal's South Alpha Project has recently been announced as a "Significant Project" by the Queensland State Government. Waratah proposes to develop a large scale coal mine, a 490km standard gauge railway and a new port capable of delivering 50 mtpa to export markets.

This major drilling surge represents part of the pre-feasibility study involved in the project development.

The South Alpha Project currently boasts an Inferred Resource to 3.38 Billion tonnes. The drilling program is contained wholly within the one freehold tenement (Kia Ora Station) which contains not only the bulk of the Inferred Resource but also that which appears most amenable to opencut mining.

The program consists of boreholes of 500 metre spacing with coring, seam analysis and downhole geophysics being sufficient to raise the potentially opencut areas to measured status. Upon verification these areas will have preliminary mine designs applied and reserves will be converted to proven and probable status. It is expected that this program on the C-D seams and B seams potential opencut areas will yield up to the first 10 years initial production should development of a mine proceed.

Waratah has negotiated a staged approach within the Kia Ora property which is designed to correspond to large grazing boundaries. This allows grazing to rotate as drilling proceeds. Stage 1 sees the completion of some 41 chip and partly cored boreholes which complement those which already define the Inferred Resource.

Cores have already been delivered to the Australian Coal Industry Research Laboratory for analysis. Borelogs and downhole geophysics are currently being entered into the database for modelling.

To view the figure showing the location Staged Infill Drilling Plan - Kia Ora, view this announcement on the Waratah Coal website www.waratahcoal.com

To view the figure: Kia Ora - Staged Infill Drilling Plan directly on this release, please visit the following link: http://media3.marketwire.com/docs/WCI0904_FIG1.pdf.

Stage 1 represents approximately half of the strike length for the C and D seams in the targeted opencut area. Additionally, the Inferred Resources considered too deep for opencut mining will be upgraded to Indicated status by coring at 1,000 metre spacing. If successful, this will give additional confidence for large scale underground longwall potential.

The entire program will consist of approximately 180 cored and chipped holes for a total meterage in excess of 22,000 m. Over 400 coal samples will be provided to local certified laboratories for analysis. In addition several overburden and roof and floor samples will be collected for geotechnical analysis. Two (2) top drive rigs with additional air circulation capacity are expected to complete the project by February 2009.

Waratah will also deploy a further three (3) drill rigs in the south and west of the project area with a view to extending the entire project.

An additional three (3) drill rigs are deployed in the northern tenements.

At Alpha North (EPC 1053 and EPC 1039) Waratah Coal has already identified Inferred Resources of 0.975 Billion tonnes.

Waratah's 100%-owned Galilee licenses and applications now cover more than 15,000 km2, extending over 240km along strike to the north and south adjacent to the historical deposit as well as adjacent and down dip, to the west. EPC 1040 and EPC 1079 are just two of twenty EPCs and EPC applications held by Waratah Coal in the Galilee Basin.

To view the chart showing the Australian Thermal Coal Spot Price Ex-Newcastle, view this announcement on the Waratah Coal website www.waratahcoal.com

To view the chart: Australian Thermal Coal Spot Price Ex-Newcastle directly on this release, please visit the following link: http://media3.marketwire.com/docs/WCI0904_FIG2.pdf.

Coincidently thermal coal prices have remained firm with the Barlow Jonkers Thermal Coal Index at US$162.15 last week.

All coal Inferred Resources and targets mentioned are CIM and JORC compliant.

 

[dukezero]

 

[greenhorn]

das die News soo ngativ gesehen würde hätt ich nich gedacht - zum Glück zum 2/3 beim letzten Hoch raus.........

dukezero schrieb am 04.09.2008, 15:40 Uhr[/url]"]» zur Grafik

 

[dukezero]

Ich hab die auf der Watch. Hier gehts wohl um die Finanzierung!

 

[greenhorn]

wollte ich vorhin schon reinstellen..............Wandelanleihe.....die sind sich wahrscheinlich alle unsicher was die ausgestaltung angeht
Homeland Energy plans debenture offering


2008-09-03 17:47 ET - News Release

Ms. Naomi Nemeth reports

HOMELAND ENERGY ANNOUNCES PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES

Homeland Energy Group Ltd. proposes a private placement of convertible senior unsecured debentures. The offering is being made by a syndicate of agents led by TD Securities Inc.

The final size and details of the offering, including the interest rate of the debentures, the maturity date of the debentures and the terms at which the debentures will be convertible into common shares of the company, will be determined after completion of marketing activities and is subject to prevailing market conditions.

The net proceeds from the offering will be used to purchase the operating assets of Appolo Fuels, Inc. and Diversified Energy, Inc. as described in Stockwatch news on Aug. 27, 2008.

dukezero schrieb am 04.09.2008, 16:00 Uhr[/url]"]Ich hab die auf der Watch. Hier gehts wohl um die Finanzierung!

 

[greenhorn]

hat Largo die Krätze oder wat? unglaublich...........

 

[golden_times]

Guten Abend miteinander,

bin seit Monaten stiller Mitleser in den peketec-Threads, vorallem hier lese ich sehr gerne.
Möchte mich an erster Stelle für die hervorragenden Vorraussetzungen und Begebenheiten hier bedanken:
sachliche, qualitativ hochwertige Postings, sehr informative Berichte und News, respektable und konstruktive Diskussionsformen in einem sehr angenehmen Umfeld.
Dies hat mich dazu animiert aktiv an den Diskussionen hier Teil zu nehmen.

Gruß und ein dickes Lob an alle mitwirkende Mods & User



Topic: LGO

Long zu 0,25&#8364;, Top Longstory, Aktie ist massiv überkauft..

 

[dukezero]

Willkommen!