Rohstoffthread (Archiv)

[dukezero]

 

[greenhorn]

May 12, 2008 19:50 ET
East Asia Minerals Signs Heads of Agreement With Austindo Resources for Majority Interest in Cibaliung Gold Project, Indonesia
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to announce it has signed a Heads of Agreement to earn-in a 71.8% equity interest in PT Cibaliung Sumberdaya (the "Transaction") from Austindo Resources Corporation N.L. ("ARX"). PT Cibaliung Sumberdaya is currently owned 89.75% by ARX and 10.25% by PT Antam TBK ("Antam") and owns a 100% equity interest in the Cibaliung Joint Venture (the "CSD JV"). The main asset of the CSD JV is the Cibaliung Gold Project, a soon-to-be-commissioned gold mine located in Banten Province, Java, Indonesia.

To earn-in a 71.8% equity interest, EAS has agreed to spend US$35 million on the Cibaliung Gold Project. It is currently anticipated that US$33 million is required to complete the construction and commissioning of the plant (currently 80% complete) and the underground development of the mine and to provide working capital through to positive cash flow. Anticipated first gold production is currently scheduled for the second half of 2008. Another US$2 million is earmarked for exploration on prospective targets within the CSD JV. The earn-in is expected to occur over 3 tranches:

- US$5 million on execution of a definitive agreement (the "Definitive Agreement") (anticipated for the end of May 2008);

- US$20 million upon completion of the Transaction (anticipated for end of June 2008);

- US$10 million on an as needed basis but no later than December 31, 2008.

It is anticipated that the Definitive Agreement will be entered into between EAS and ARX during the month of May with completion of the Transaction occurring approximately 45 days later. EAS will be deemed to have earned-in its 71.8% equity interest in the CSD JV upon completion of the Transaction, and having completed the first two tranches of the earn-in and committed to the third tranche. Completion of the Transaction is subject to certain conditions including EAS Board approval, ARX shareholder approval, stock exchange approvals (TSX Venture Exchange and Australian Stock Exchange), Indonesian regulatory approvals, waiver or expiry of Antam's pre-emptive rights in the CSD JV and restructuring of current CSD JV debt facilities and hedge contracts.

"The successful acquisition of a 71.8% equity interest in the Cibaliung Gold Project provides an excellent step in the rapid growth of our company in a region where the Company has an established and respected presence as a premier explorer. The project provides immediate value to our shareholders, and near-term access to cash flow with high potential for long mine life," stated Michael Hawkins, President and CEO of East Asia Minerals. "The previous operators of the project had some cost and time over-runs due primarily to ground condition problems in the development decline, and these have been recently resolved. EAS benefits from the learning curve of the previous operator, and now has the opportunity to participate in the project at great discount and at the right point on the risk curve. Furthermore, Cibaliung is significantly under-explored and when compared with the discovery histories of similar epithermal gold fields, the likelihood for substantial increases in resources and reserves during the life of the mine are considered very high. This project also provides a good addition to the existing strong gold portfolio where we are progressing well towards defining National Instrument 43-101 ("NI 43-101") compliant resource estimates at the Binebase-Bawone gold project in North Sulawesi, and Abong gold project in North Sumatra."

About the Cibaliung Gold Project and the CSD JV

The Cibaliung Gold Project is located 150 kilometres southwest of Jakarta (Indonesia's capital) within the Banten Province near the western tip of Java Island, Indonesia. The project site is accessible by sealed all-weather road from Jakarta and local infrastructure (power, water and labour) is already all in place for completion of project development.

A Bankable Feasibility Study ("BFS") on the Cibaliung Gold Project was completed in 2004 and has been updated on two occasions in September 2005 and March 2007. ARX, as the project manager, engaged Mining One to complete the latest update of the BFS in March 2007. Key development and production parameters for the Cibaliung Gold Project are:

- Two shoot epithermal vein-gold deposit;

- Initial mine life of 6 years under JORC Code, including initial mine life of approximately 4.5 years on measured and proven reserves and a production rate of 240,000 tonnes per annum(FN1);

- Recovery of gold and silver by a conventional CIL process plant;

- Mining by conventional underground cut and fill stoping with decline access;

- Recoveries are expected to be 92% for gold and 81% for silver;

- Annual production of approximately 70,000 ounces of gold equivalent;

- Operating costs estimated at US$123 per tonne of ore (cash operating costs of approximately US$415 per ounce pre-silver credits and US$340 per ounce net of silver credit)(FN2).

ARX reports that the Cibaliung Gold Project contains JORC Code compliant measured and indicated resources of 386,000 ounces of gold and 3.1 million ounces of silver. Within the measured and indicated resource estimate, ARX reports reserves of 341,000 ounces of gold and 2.9 million ounces of silver. In addition, ARX reports inferred resources of 94,000 ounces of gold and 0.9 million ounces of silver. The following table summarizes the Cibaliung Gold Project's resources and reserves estimates as reported by ARX(1,2,3,4):




Au Ag Tonnes Au Ag Ounces Ounces (000's) g/t g/t (000's) (000's)--------------------------------------------------------------------------Total Resources- Measured 497 12.1 87 194 1,396- Indicated 646 9.2 84 192 1,746 ---------------------------------------Total Measured and Indicated Resource 1,143 10.5 85 386 3,142
- Inferred 374 7.8 77 94 923 ---------------------------------------
Ore Reserves (included in above Resources)- Proven 494 11.2 83 178 1,325- Probable 571 8.9 86 163 1,577 ---------------------------------------Total Reserves 1,065 10.0 85 341 2,902--------------------------------------------------------------------------



1. The reserve and resource estimates shown in the above table are derived from the 2007 Annual Report of Austindo Resources Corporation N.L.

2. The resource and reserve estimates were determined under the Australasian Code for Reporting of Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientist and Mineral Council of Australia, as amended (the "JORC Code").

3. Resources have been reported at a 3 g/t Au cut-off grade. The estimate uses information from 25,140m of diamond drilling in 108 drill holes. Drill hole information in the database has been validated by AMC Consultants Pty Limited ("AMC") by testing against original information sources. Assay quality control data has been evaluated and AMC has concluded that the data are suitable for use in resource estimation. The geological resources estimate is based on ordinary kriging with a top cut applied to gold assays. The information in this table that relates to mineral resources is based on information compiled by Mr. Dean Carville who is a full-time employee of AMC and a Member of the Australasian Institute of Mining and Metallurgy. Mr. Carville has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as defined in the 2004 Edition of the JORC Code.

4. The cut-off grade used for ore reserve estimation is 4.9 g/t based on an operating cost of US$123/tonne. The information in this report that relates to the ore reserves is based on information compiled by Mr. Phil Bremner who is a member of The Australasian Institute of Mining and Metallurgy and an employee of Mining One Pty Ltd. Mr. Bremner has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the estimation process undertaken to qualify as a Competent Person.

The mineral resource estimate and the positive economics supporting the reserves were verified internally by Michael Hawkins, M.Sc., MAusIMM, and Lionel Martin, P.Geo of the Company, both QPs as defined in NI 43-101. The reserves are in the process of being independently verified.

Development of the Cibaliung Gold Project began in July 2005 and, as of February 29, 2008, total development expenditure (excluding project exploration and development prior to July 2005) stood at approximately US$72.5 million. It is currently anticipated that an additional US$33 million is required to bring the project to positive cash flow status. The gold processing plant is currently 80% complete and is expected to be commissioned during the second half of 2008. Development of the ore body is now being undertaken on two headings to enable a greater volume of ore to be extracted. The remaining distance to the ore body is less than 65 meters on one heading and 96 meters on the other. It is envisaged that stockpiling of ore will commence during the summer of 2008 and the CSD JV is targeting a stockpile in the order of 10,000 tonnes prior to commencing gold production.

There is significant exploration potential within the CSD JV concession. Given the characteristics of the Cibaliung Gold Project are similar to other high-grade, epithermal gold-silver vein districts in Indonesia (e.g. Pongkor and Gosowong) and elsewhere on the Pacific Rim (e.g. Hishikari, Japan; Pajingo, Australia and Cracow, Australia), the potential for incremental increases in resources during the mine life through "brown fields" exploration is considered very high.

EAS intends to begin an aggressive US$2 million exploration program upon completion of the Transaction. Key exploration targets include:

- The Cibaliung Fault - host to the two known ore-shoots, which is a major structure mapped over 6 kilometres strike-length in windows of altered volcanic rock within widespread cover rocks. Less than 20% of this feature has been previously drill tested and it is the highest ranked exploration target.

- Fault splays and en echelon faults - related to the Cibaliung Fault, lying partly beneath cover rocks immediately east of the Cibaliung mine area. These were identified from a previous detailed ground magnetic survey.

- Earlier vein targets (Rorah Kadal and Ramada) identified 0.7 to 1.5 kilometres south and southwest of the Cibaliung mine area. Previous scout drilling returned significantly mineralized intersections, including 2.6 metres (true-width) at 21.5 g/t gold and 197 g/t silver at Rorah Kadal.

Any additional ounces discovered would likely result in a possible extension of the life of the mine and/or expansion of the throughput of the plant. The current throughput is forecast to be 240,000 tonnes per annum, although the plant as currently being built will have significantly greater capacity.

The CSD JV currently has a US$15 million project financing facility with the Australian and New Zealand Banking Group Limited ("ANZ") and has a hedge facility of approximately 158,000 ounces of gold at an average exercise price of US$654 per ounce. Both the project financing facility and the hedge facility will be restructured with ANZ prior to completion of the Transaction so to match the revised production profile of the Cibaliung Gold Project. It is anticipated that EAS will be responsible for 100% of the project financing facility and its relative equity interest in the hedge facility following the completion of the Transaction.

CIBC World Markets and Haywood Securities Inc. acted as financial advisors to East Asia; and Kelly & Co. Lawyers, and Fang and Associates Barristers & Solicitors were the

 

[greenhorn]

May 12, 2008 19:29 ET
CanArgo Energy Corporation: Q1 Results
GUERNSEY, BRITISH ISLES--(Marketwire - May 12, 2008) - CanArgo Energy Corporation ("CanArgo" or the "Company") (AMEX:CNR) (OSLO:CNR):




CANARGO ENERGY CORPORATION AND SUBSIDIARIES
Selected Financial InformationConsolidated Condensed Statements of OperationsExpressed in United States dollars
Unaudited ------------------------------ Three Months Ended March 31, March 31, 2008 2007 ------------------------------ (Expressed in United States dollars)
Operating Revenues from Continuing Operations: Oil and gas sales $ 2,590,762 $ 446,847 ------------------------------ 2,590,762 446,847 ------------------------------Operating Expenses: Field operating expenses 364,936 230,551 Direct project costs 249,973 176,646 Selling, general and administrative 1,456,595 1,728,802 Depreciation, depletion and amortization 747,259 265,711 ------------------------------ 2,818,763 2,401,710 ------------------------------
Operating Loss from Continuing Operations (228,001) (1,954,863) ------------------------------
Other Income (Expense): Interest income 28,814 109,887 Interest and amortization of debt discount and expense (859,484) (2,227,994) Foreign exchange gains (losses) (90,004) (19,917) Other (36,412) 1,485 ------------------------------Total Other Expense (957,086) (2,136,539) ------------------------------
Loss from Continuing Operations Before Taxes (1,185,087) (4,091,402)
Income taxes - - ------------------------------
Loss from Continuing Operations (1,185,087) (4,091,402)
Net Loss from Discontinued Operations, net of taxes and minority interest (19,794) (1,840,401) ------------------------------
Net Loss $ (1,204,881) $ (5,931,803) ------------------------------ ------------------------------
Weighted average number of common shares outstanding - Basic 242,120,974 238,100,918 ------------------------------ - Diluted 242,120,974 238,100,918 ------------------------------

 

[greenhorn]

Mindoro's American Tunnels holds high-grade Cu


2008-05-12 12:34 ET - News Release

Ms. Penny Gould reports

ARTISANAL MINERS EXPOSE HIGH-GRADE, PORPHYRY-RELATED COPPER MINERALIZATION AT MINDORO'S AMERICAN TUNNELS PROSPECT

Five areas of high-grade copper mineralization have been discovered recently by artisanal miners at the American Tunnels porphyry copper-gold prospect on Mindoro Resources Ltd.'s Agata project. These are being actively mined from six shafts and tunnels. The high-grade copper mineralization occurs in intrusive dikes and sills that exhibit porphyry and skarn-related alteration and occur in proximity to strong and untested IP chargeability anomalies. Given the strength of copper mineralization observed and extent and nature of alteration, the intrusive-related copper mineralization is taken as strong evidence of a significant porphyry copper-gold source nearby, probably related to the adjacent IP anomalies. Detailed evaluations are in progress.

Artisanal miners have been mining epithermal gold in the American Tunnels area for several decades (to see accompanying map please visit Mindoro's website). The phenomenon of the artisanal miners now mining high-grade copper ore is the result of both the discovery of the high-grade copper mineralization and high copper prices, which can support this small-scale mining and transportation of raw ore to China for processing.

Mindoro, working with the Philippine Mines and Geosciences Bureau, encourages local miners to profit from legitimate small-scale mining of shallow ores, providing that this is done in an environmentally and socially acceptable manner. The company is working in several areas to assist in the formation of small-scale mining co-operatives to assist this process. Mindoro sees this as a mutually beneficial operation; with the artisanal miners earning a living and at the same time providing useful information on the potential for large-scale associated deposits at depth. The relatively small loss of ore at these shallow levels is not considered a detriment to potential large-scale mining operations by Mindoro.

There are now six tunnels/shafts in operation over an area of 150 metres by 50 m. A further 11 workings are being actively mined for epithermal gold (an overprinting shallower event). The copper ore is being mined by manual methods; ore grading 5 per cent to 15 per cent copper is loaded into 40-kilogram sacks and sold to local buyers to be sent to China for processing. Mindoro sampled one of the more easily accessible shafts, obtaining the following results from channel samples:


1.1 m vertical channel sample across exposed part of dike at 7.91 per cent copper, 0.23 gram per tonne (g/t) gold and 35.70 g/t silver;
1.0 m horizontal channel sample across floor of shaft at 4.89 per cent copper, 0.15 g/t gold and 16.80 g/t silver;
1.9 m vertical channel sample across exposed part of dike at 7.37 per cent copper, 0.13 g/t gold and 27.80 g/t silver;
1.05 m vertical channel sample across exposed part of dike at 2.02 per cent copper, 0.07 g/t gold and 7.70 g/t silver.

Mapping by Mindoro and petrology work by an independent petrologist indicate mineralization is associated with multiphase syenite, quartz monzonite, monzodiorite and diorite intrusives. These occur as dikes, sills and small stocks of intruding ultramafic rocks. Petrographic studies indicate early potassic alteration (secondary biotite, actinolite), plus the copper minerals chalcopyrite, covellite and bornite. This is overprinted by later phyllic (sericite and/or calcite and/or actinolite and/or epidote) and skarn alteration/mineralization. These features are indicative of a porphyry copper setting. A younger epithermal gold mineralization event cuts the earlier porphyry-related alteration.

The American Tunnels prospect is characterized by a strong IP chargeability anomaly, extending over 800 m by 300 m, is capped by a resistivity anomaly and coincident with a magnetic anomaly. Extensive copper, gold and zinc soil anomalies are associated. The IP chargeability anomaly is part of a string of strong chargeability anomalies extending over at least six kilometres of strike through the Agata project, which are associated with intersections of splays of the Philippine fault and crosscutting faults. In a remarkable geological coincidence, extensive nickel laterite mineralization is juxtaposed in close proximity to the porphyry copper-gold prospects, and is itself the subject of intensive economic evaluation and predevelopment work by Mindoro.

The American Tunnels is an as yet untested high-priority drill target for both epithermal gold and especially, for porphyry copper-gold mineralization. The extent of alteration, abundance and strength of copper-gold showings, and of the associated IP anomalies, indicate a source of considerable potential interest.

About the Agata project

Epithermal gold and porphyry copper-gold

The Agata project is situated in the Surigao gold district, northern Mindanao, Philippines. The Surigao gold district is not only a current and historical gold producing district, but with the recent discovery of a cluster of porphyry copper-gold deposits by two Anglo-American joint ventures, it also has high potential to become a major copper-gold mining camp. Mindoro has multiple gold and copper-gold targets in the Surigao district at varying stages of drill evaluation. Agata itself has a cluster of porphyry copper-gold prospects and two epithermal gold prospects which are being advanced by Mindoro.

During 1999, seven of eight drill holes completed by Mindoro on Agata's Assmicor prospect intersected better than 0.5 g/t gold near surface in oxidized intrusives and dikes. The two best holes were 1.1 g/t gold over 19 metres and 1.4 g/t gold over 24 metres. The mineralization is open to the north and east. Porphyry-related alteration, accompanied by grey quartz-magnetite veins with copper and gold mineralization, characteristic of the margins of a porphyry copper-gold system, was intersected associated with east-dipping dikes and intrusions. At the nearby Limestone prospect, two 1999 drill holes encountered 2.7 g/t gold and 2.2 g/t gold over seven and eight metres respectively, at shallow depths; mineralization resembles important limestone-hosted gold deposits in Nevada, United States.

Extensive IP geophysical surveys, subsequently carried out in 2004 to 2005, defined strong and semi-continuous chargeability with resistivity and magnetic anomalies, extending over at least six kilometres at Agata. Abundant gold and copper-gold showings are associated with this trend, as well as extensive alteration and soil geochemistry anomalies. The major porphyry targets defined are the American Tunnels and the North and South porphyry prospects.

The North porphyry prospect is a large and strong chargeability anomaly of greater than 28 metres per second covering 1.2 kilometres by 500 metres. It is coincident with soil copper and gold anomalies, and alteration of ultramafic rocks (pyrite and magnetite disseminations and silica veining). Several copper showings and intrusive dikes have been found in the area. A 2005 drill program experienced considerable operational difficulties in the intensely fractured broken and gougy ultramafic cap rock and three holes were lost at shallow depths. This degree of structural preparation is consistent with that seen associated with porphyry copper-gold systems. Mindoro is developing a strategy it believes will overcome the drill-operational difficulties.

The South porphyry prospect is also a large, 1.5 kilometres by 500 metres, and strong chargeability anomaly of greater than 28 metres per second, with a flanking high resistivity anomaly. Geology consists of limestone, greenschist and ultramafics intruded by small dikes or stocks of altered intrusive, likely the top of a much larger intrusive complex, exhibiting phyllic alteration in places. There are continuing artisanal gold mining operations in the area. Soil geochemical surveys defined gold, zinc and copper anomalies. Evidence strongly points to a porphyry copper-gold system at depth. In 2006 a single hole was drilled on the South target, which also encountered operational difficulties and was terminated before target depth. However, in this case it is believed that the target can be drilled from the western side and the difficult ultramafic cap rock circumvented.

Agata nickel laterite

The Surigao region is now emerging as a major nickel-producing district and there are at least eight nickel laterite deposits either in production or being developed, providing direct shipping ore (DSO) to markets and processing plants in China, Japan, Korea and Australia. These include the SR Metals mine, immediately adjacent to Mindoro's Agata nickel laterite project. At Agata, significant drill results have previously been reported by Mindoro (see releases on Mindoro website). Agata has strong competitive advantages, with good grades, just two to three kilometres from tide water, with corresponding low haul distance and costs, and only two days shipping from China.

In Stockwatch on April 30, 2008, Mindoro reported an initial National Instrument 43-101 resource estimate from the Agata North nickel laterite project. The estimate for combined measured and indicated resources is 4.40 million wet metric tonnes (WMT) grading 1.25 per cent nickel, 0.063 per cent cobalt and 23 per cent iron, at a cut-off grade of 0.80 per cent nickel. In addition, the inferred resource estimate is 2.45 million WMT grading 1.23 per cent nickel, 0.062 per cent cobalt and 22 per cent iron, also at a cut-off grade of 0.80 per cent nickel. The resource estimate represents just 15 per cent of mapped area of nickel laterite at Agata North. Drilling is continuing and updated resource figures will be released as they come to hand.

Exploration target for Agata North is:


Combined ferruginous overburden, limonite and saprolite horizons: 40 to 60 million wet metric tonnes (WMT) at a grade of 0.9 to 1.5 per cent nickel and 18 to 28 per cent iron.

In Stockwatch on Aug. 23, 2007, Mindoro announced that it had reached agreement with Delta Earthmoving Inc., an experienced nickel laterite mining contractor, to explore and advance to production if warranted, the Agata South nickel laterite project. The agreement does not cover Agata North. A total of 186 drill holes and 2,248 metres have been drilled, covering 50 hectares, near the southern boundary. Assays have not yet been reported by Delta.

Enhanced value, on-site processing alternatives

While much of the Surigao district nickel laterite production has been as DSO to processing plants in Japan, Australia and China, several attractive alternatives are emerging for local processing, which include; at the low technology end of the spectrum, ferronickel smelting, heap-leaching for which pilot testing on another Philippine laterite deposit has produced promising results, and a new generation of high-pressure acid leach (HPAL) plants. HPAL technology is currently being used with great success by Sumitomo on its Philippine Coral Bay operation, and show considerable promise for the local processing of Surigao ores. In fact, Sumitomo recently announced plans to proceed with permitting to construct an HPAL plant in the Surigao district. This HPAL technology has a proven record, in contrast to several HPAL operations previously attempted in Australia.

Construction of a local processing plant, rather than simply shipping out raw product, would greatly increase the returns to all stakeholders; including Mindoro, its Philippine partner, the local people, local government units, and to the Philippines itself. Mindoro considers a tonnage threshold of 50 million WMT to be of potential interest for this scenario.

Programs are carried out under the supervision of Tony Climie, PGeol, president of Mindoro, who is a qualified person as defined by National Instrument 43-101. Sample preparation and assaying are performed by McPhar Laboratory of Manila, an ISO 9001/2000 accredited laboratory. Gold assays were by 50-gram fire assay fusion; where gold assays greater than three parts per million (ppm) were by gravimetric finish and by AAS where the gold values were less than that threshold. Silver was determined by AAS after an HCl-HNO3-HClO4 digest. Normal quality control and quality assurance procedures are being carried out, using a system of duplicate samples. MRL has also conducted assays verification by using standard samples and reassaying of field, coarse and pulp duplicates.

The potential quantity and grade of the exploration target described above is conceptual in nature. There has been insufficient exploration to define mineral resources other than those disclosed in this release, and it is uncertain if further exploration will result in the targets delineating additional mineral resources or that these resources, if delineated, will be economic or sufficient to support a commercial mining operation. Until a feasibility study has been completed there is no certainty that the company's projections will be economically viable.

We seek Safe Harbor.

 

[dukezero]

Tja,gestern hat Canada ja unaufgeregt reagiert. hmm

dukezero schrieb am 12.05.2008, 11:29 Uhr[/url]"]Transportstudie positiv,NI Resourcenschätzung 2 Q 2008,Chef kauft,Börsenplatz sollte auch gewechselt werden.

greenhorn schrieb am 12.05.2008, 11:24 Uhr[/url]"]Möglichkeit das niemand Geld geben will? iss sicherlich nicht so schlüßig da das Projekt ja sehr gut iss
was mich bei Cuervo ein wenig "stört" ist der Börsenplatz.....so schlecht nachzuvollziehen!

dukezero schrieb am 12.05.2008, 11:22 Uhr[/url]"]

greenhorn schrieb am 12.05.2008, 11:19 Uhr[/url]"]dachte immer das ein abgesagtes PP nich janz soooo jut iss?!

Im Prinzip ja, nur es gibt keine News, die das ausser Taktik begründen. PP Preis 1,50 CAD plus Warrant.

 

[dukezero]

dukezero schrieb am 12.05.2008, 18:10 Uhr[/url]"]» zur Grafik

ITH Commences 42,000 Metre Resource Drilling Program at the Livengood Gold Project, Alaska

VANCOUVER, BRITISHCOLUMBIA--(Marketwire - May 12, 2008) - International Tower Hill MinesLtd. ("ITH" or the "Company") - (TSXVENTURE:ITH)(AMEX:THM)(FRANKFURT:IW9) is pleased to announce the startof resource expansion drilling at the Livengood Gold Project. TheCompany plans to drill approximately 42,000 metres in 150-175 holeswithin the core target area, which covers an area of approximately 1.5square kilometres. The resource expansion program will focus on thehigher-grade Lillian Zone of the deposit and is designed to double thesize of the 2.0M ounce inferred gold resource (87.8 Mt at a grade of0.71 g/t using a 0.50 g/t gold cutoff) (See NR-08-06) which iscontained within the global inferred resource of 3.3 M ounces of gold(188 Mt at a grade of 0.54 g/t gold using a 0.30 g/t gold cutoff)(Figure 1). The Lillian Zone has returned a number of higher gradeintervals such as 8.8 metres of 9.95 g/t gold, 8.5 metres of 9.64 g/tgold and 3.5 metres @ 7.33 g/t gold contained within thick (greaterthan 50 metre) intervals averaging above 1 g/t gold.


Der Wert könnte sich locker vervielfachen.

 

[dukezero]

So mal nach vorne geholt!

dukezero schrieb am 02.08.2007, 18:56 Uhr[/url]"]Das 10 kleine Negerlein Basket von Fischi! Mit Potenzial zum Vervielfacher!


Gold
Southern Arc Minerals http://www.southernarcminerals.com/s/Home.asp
nächste Bre-Ex oder nächste Lihir (tippe auf Lihir), multi-mio Oz Potential in Indonesien, Partner von Newmont
Alexandria Minerals http://www.azx.ca/
Top aufgestellter Junior in Kanada, so viel Gelände, dass da mind. eine 1 mio Oz Mine bei rumkommt!

Gold/Moly/Diamanten
Mexivada Mining http://www.mexivada.com/s/Home.asp
halten ev. den weltweit letzten unerforschten Greenstone Belt, Potential 15-20mio Oz Au in der Rep. Kongo (nicht Zaire!!!), zudem etliche potentielle multi-mio Oz Gelände in Nevada neben den Majors

Moly/Cu/Rhenium
Int. PBX http://www.internationalpbx.com/
haben in Chile das wahrscheinlich das größte Moly Vorkommen der Welt, zudem ausgezeichnete Rhenium Werte, das fast so teuer ist wie Gold

Moly/Vanadium/Tungsten
Largo Minerals http://www.largoresources.com/
haben in Canada das größte unerschlossene Moly-Tungsten Depot der Welt, allle drei seltenen Metalle sind in der Stahlindustrie von strategischem Interesse als Härter/Veredeler, Zusatzpotential durch Platin und Palladium in Brasilien

Öl&Gas/Gold/Nickel
Vangold Resources http://vangold.ca/
halten über 40.000 km2 Öl-Explorations/Produktionsanteils-Lizenzen in Burundi, Kenya, Armenien, ev. Nickel Player in Uganda, multi mio Oz Au Potential in PNG, zwei Spin-offs in Arbeit

Uran
Bluerock Resources http://www.bluerockresources.com/s/Home.asp
Uran Micro-Cap, haben etliche ex-Minen in den USA mit bestehenden Produktionslizenzen(!!!) aufgesammelt
Purepoint Uranium http://www.purepoint.ca/
bevorzugter Explorer für Cameco, die alle verfügbaren Resourcen auf die Wiederherstellung der Cigar Lake Mine verwenden müssen, Purepoint wird imho in 2-3 Jahren von Cameco übernommen

Uranextrahierung/Gold
Sparton Resources www.spartonres.ca
Gold in China mit Regierungsbeteiligung, Gold in Nevada, Urangebiete, die eigentliche Phantasie steckt in dem Uranextrahierungsverfahren aus Kohleasche

Gold/Uran/Nickel
Cornerstone Capital http://www.cornerstoneresources.com/s/Home.asp
Beteiligung und JVs an an die 50 Geländen und Projekten in Canada und Ecuador mit Top-Partnern

dukezero schrieb am 07.08.2007, 21:51 Uhr[/url]"]Das Canada Basket im charttechnischen Überblick. Anlagezeitraum 2 Jahre plus x! Reihenfolge wie
im Thread.

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» zur Grafik» zur Grafik
» zur Grafik» zur Grafik

 

[dukezero]

Cuervo Stakes Additional 10,000 Hectares in Perú;

Company Shares Now RSP Eligible


May 13, 2008 – Toronto, ON

Cuervo Resources Inc. (CNQ-IRON; FWB-CRR; “Cuervo” or the “Company”) is pleased to report that it has staked an additional 10,000 hectares of prospective iron ore properties in Perú, bringing its total wholly-owned property holdings to over 25,000 hectares. This represents a 67% increase in the company’s land position since last reported in February this year, and compares with holdings of just over 7,000 hectares at the time of Cuervo’s initial public offering (“IPO”) in May 2007.

The Cerro Ccopane Property, located south of Cuzco in southern Perú, is the focus of current exploration activity. It now comprises 13,000 ha of contiguous mining concessions, compared with 3,300 ha at the time of the IPO. Cuervo also holds 4,100 ha in nine (9) additional concessions in the vicinity of the Cerro Ccopane Property. Diamond drilling continues on the main Cerro Ccopane Property. A total of over 12,500 m of drilling has been completed to date averaging 53.3% Fe with the current focus on only 1,500 ha of the total property area. Further drill results will be forthcoming from the Company in the near future.

Elsewhere in Perú, Cuervo holds 8,664 ha in 22 mining concessions covering potential targets for iron ore in the Apurimac/Andahuaylas, Marcona, Olmos, Trujillo, Chimbote and Aija areas. The Company is the process of evaluating these properties prior to further detailed exploration, as well as examining other prospective areas for iron mineralization.

Separately, the company also reports that it has been advised by Canada Revenue Agency that Cuervo’s election to become a public company for tax purposes has been accepted. As a consequence, Cuervo common shares are now eligible for Registered Retirement Savings Plans.

Cuervo common shares are listed on the Canadian Trading and Quotation System Inc. (CNQ), and also trade on the Frankfurt Stock Exchange (FWB). Currently, there are 26,629,750 shares outstanding (33,566,000 fully diluted).

For further information, please contact Mr. John Siriunas, a director and President of Cuervo, at (416) 203-3957 x 701 or Mr. Tom Berner, Investor Relations, at (416) 203-3957 x 202. Additional information about Cuervo can be found at the Company’s website at www.cuervoresources.com

The Canadian Trading and Quotation System Inc. has neither approved nor disapproved of the contents of this press release.

 

[Ollinho]

Bin gespannt was da noch kommt!

Ein Börsenplatz-Wechsel dürfte auch nicht mehr lange auf sich warten lassen.

Laut News sind weitere Drill Results unterwegs. Zudem kann nun täglich der NI Bericht zu Cero kommen! Die PP-Absage macht mir keine Sorgen, im Gegenteil!

Bleibt spannend....

dukezero schrieb am 13.05.2008, 14:12 Uhr[/url]"]Cuervo Stakes Additional 10,000 Hectares in Perú;

Company Shares Now RSP Eligible


May 13, 2008 – Toronto, ON

Cuervo Resources Inc. (CNQ-IRON; FWB-CRR; “Cuervo” or the “Company”) is pleased to report that it has staked an additional 10,000 hectares of prospective iron ore properties in Perú, bringing its total wholly-owned property holdings to over 25,000 hectares. This represents a 67% increase in the company’s land position since last reported in February this year, and compares with holdings of just over 7,000 hectares at the time of Cuervo’s initial public offering (“IPO”) in May 2007.

The Cerro Ccopane Property, located south of Cuzco in southern Perú, is the focus of current exploration activity. It now comprises 13,000 ha of contiguous mining concessions, compared with 3,300 ha at the time of the IPO. Cuervo also holds 4,100 ha in nine (9) additional concessions in the vicinity of the Cerro Ccopane Property. Diamond drilling continues on the main Cerro Ccopane Property. A total of over 12,500 m of drilling has been completed to date averaging 53.3% Fe with the current focus on only 1,500 ha of the total property area. Further drill results will be forthcoming from the Company in the near future.

Elsewhere in Perú, Cuervo holds 8,664 ha in 22 mining concessions covering potential targets for iron ore in the Apurimac/Andahuaylas, Marcona, Olmos, Trujillo, Chimbote and Aija areas. The Company is the process of evaluating these properties prior to further detailed exploration, as well as examining other prospective areas for iron mineralization.

Separately, the company also reports that it has been advised by Canada Revenue Agency that Cuervo’s election to become a public company for tax purposes has been accepted. As a consequence, Cuervo common shares are now eligible for Registered Retirement Savings Plans.

Cuervo common shares are listed on the Canadian Trading and Quotation System Inc. (CNQ), and also trade on the Frankfurt Stock Exchange (FWB). Currently, there are 26,629,750 shares outstanding (33,566,000 fully diluted).

For further information, please contact Mr. John Siriunas, a director and President of Cuervo, at (416) 203-3957 x 701 or Mr. Tom Berner, Investor Relations, at (416) 203-3957 x 202. Additional information about Cuervo can be found at the Company’s website at www.cuervoresources.com

The Canadian Trading and Quotation System Inc. has neither approved nor disapproved of the contents of this press release.

 

[greenhorn]

May 13, 2008 09:01 ET
ITH Outlines Large Geophysical Anomalies Associated With High Copper-Gold-Silver Mineralization on BMP Project, Alaska
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2008) - International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX VENTURE:ITH)(AMEX:THM)(FRANKFURT:IW9) is pleased to announce the results from a recent high resolution airborne magnetic and EM survey completed over key mineralized areas of the Company's BMP project, Alaska. In the spring of 2008, Fugro, the Company's contractor, completed an airborne magnetic and electromagnetic survey of the core target area covering an area of 30 square kilometres in two blocks with a nominal line spacing of 50 metres. The results have outlined several large geophysical anomalies spatially associated with the outcropping polymetallic (copper-gold-silver) skarn deposits that were discovered in 2007 (to see Figure 1 please click on: http://media3.marketwire.com/docs/ith513a.jpg).

The largest anomaly is associated with the 6120 target area and covers approximately 1 square kilometre forming at an important structural intersection on the south side of the core intrusive. Twenty rock samples collected from a 150 metre diameter area of outcropping skarn at the 6120 target averaged 2.3% copper, 3.4 g/t gold, 33 g/t silver, 0.16% nickel and 0.07% cobalt (to see Figure 2 please click on: http://media3.marketwire.com/docs/ith513b.jpg). In addition, similar skarn type mineralization was found 2 kilometres to the north at the 6920 prospect.

The Dall and Little Bird prospects, located on the northern target block (approximately 5 kilometres north), also appear to be associated with skarn and distal skarn type mineral systems. The Dall target was drilled by Anaconda Mining Company in the 1980's with two diamond drill holes, each of which intersected very significant high-grade mineralization (4.0% copper, 11.8 oz (370 g/t) silver, 1.0% zinc and 0.3% lead over a true thickness of 3.5 metres and 0.9% copper, 6.0% zinc, 5.7oz (177 g/t) silver and 1.0% lead over a true thickness of 5.5 metres). The size and dynamic range of the anomalies suggest that they are related to a large base and precious metal bearing hydrothermal system which warrants aggressive follow-up exploration.

BMP Project Summary

The BMP property is located approximately 40 kilometres north of the Company's Terra project. The property covers approximately 13,193 hectares and is comprised of 108 Alaska State mining claims staked in October 2006 and owned 100% by the Company (approximately 6,993 hectares) and approximately 6,200 hectares of fee simple lands held under the exploration agreement with option to lease from Cook Inlet Region, Inc. (an Alaska Native Corporation) (See NR08-07).

The property is underlain by Paleozoic sediments which have been intruded by dikes and plugs of early Tertiary age. Exploration by the Company in 2007 confirmed a number of mineralized zones with numerous high-grade copper, silver, zinc and gold values being returned. This work linked much of the mineralization to a prolific skarn-type mineralizing environment and highlighted the potential of the belt. At the 6120 and 6920 prospects calcareous horizons have been extensively replaced by skarn mineralization, including massive pyrrhotite with chalcopyrite and sphalerite. High gold values are present at both of these prospects with grades of several grams in specific samples. Both prospects occur on the flank of a Tertiary intrusive body. The focus of the Company's 2008 BMP program is to define drill targets to test the size and continuity of these large skarn systems.

Qualified Person

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

 

[greenhorn]

May 13, 2008 08:42 ET
NioGold Mining Corporation: West Extension Target at Marban Returns 9.45 g/t Gold Over 2.3 Metres, 7.63 g/t Gold Over 4.0 Metres, and 23.40 g/t Gold Over 1.1 Metres
VAL-D'OR, QUEBEC--(Marketwire - May 13, 2008) - NioGold Mining Corporation (TSX VENTURE:NOX)(FRANKFURT:NG1) ("NioGold") is pleased to announce that on-going drilling on the Marban Block property is proving up the presence of a large gold mineralised system to the west of the former Marban Mine.

Assay results were received for 3 drill holes (MB-08-037 to MB-08-039) completed on line 100W aimed at testing the west strike extent of the favourable units hosting the former Marban Mine gold ores (Mine Sequence). To date, NioGold has completed 21 holes up to a distance of 600 metres to the west of the mine shaft. Initial testing of the West Extension target is being conducted at 100-metre drill section spacing, presently covering lines 100W to 600W.

Best gold mineralised intervals from holes MB-08-037 to MB-08-039 include:

Mine Zone:
- MB-08-037: 9.45 g/t Au over 2.3 m
- MB-08-039: 5.66 g/t Au over 2.8 m

Footwall Zone:
- MB-08-037: 5.55 g/t Au over 1.1 m within 0.69 g/t Au over 20.4 m
- MB-08-038: 7.63 g/t Au over 4.0 m within 0.88 g/t Au over 67.8 m
- MB-08-039: 23.40 g/t Au over 1.1 m within 0.94 g/t Au over 69.7 m

Results from holes MB-08-037 to MB-08-039 bolster the previously released results of hole MB-08-035 on line 300W (see News Release dated April 1, 2008) that returned a notable gold mineralised interval averaging 6.46 g/t Au over 7.0 metres. Holes MB-08-037 and MB-08-039 returned gold mineralised intervals within the heart of the Mine Sequence that correlate with the updip and strike projection of the Mine Zone. The Mine Zone, where most of the past production was carried out during 1961 to 1974, is located between -150 and -250 metres vertical depth at a fold of the upper contact of the Mine Sequence. The Footwall Zone, a major fault localised at the lower contact of the Mine Sequence, is proving to be a very promising target, returning thick low grade gold mineralised sections that include higher grade intervals.

Drilling to date was successful in extending sulphide mineralised zones typical of the former Marban Mine ores up to 600 metres west of the mine shaft. Results are pending for 11 of the 21 holes completed to date over the target.

Wedge Zone
A second drill rig was mobilised in late March to the Marban Mine area for definition drilling of the promising Wedge Zone discovered in late 2006. The Wedge Zone is located near surface, above the mined out orebodies. The Wedge Zone is planned to be initially defined at 50-metre drill hole spacing between lines 0W and 600E in order to conduct a first resource estimate. Results are pending for the 10 holes completed since late March on the target.

Best results for holes MB-08-037 to MB-08-039 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 previously reported results for holes MB-06-001 to MB-08-036 at Marban as well as the drilling surface plan and schematic cross-section available at www.niogold.com/marban.

MARBAN MINE AREA - DRILLING RESULTS-------------------------------------------------------------------------- Core Grade Line Station Depth Zone / From To Length (g/tHole # (m) (m) Az Dip (m) Unit (m) (m) (m) Au)--------------------------------------------------------------------------MB-08 1+00W 0+00N 180 -45 249.0 MS 135.4 137.7 2.3 9.45-037 deg- deg- FWZ 169.7 190.1 20.4 0.69 rees rees including 183.7 184.8 1.1 5.55--------------------------------------------------------------------------MB-08 1+00W 1+50N 180 -45 368.0 MS 228.6 229.5 0.9 6.17-038 deg- deg- MS 262.4 267.7 5.3 1.57 rees rees Footwall zone 280.4 348.2 67.8 0.88 including 293.3 297.3 4.0 7.63 including 332.2 333.2 1.0 4.54--------------------------------------------------------------------------MB-08 1+00W 1+50N 180 -63 435.0 MS 76.0 77.2 1.2 4.02-039 deg- deg- MS 237.8 256.6 18.8 1.48 rees rees including 249.4 252.2 2.8 5.66 FWZ 302.8 372.5 69.7 0.94 including 345.9 347.0 1.1 23.40--------------------------------------------------------------------------Note: Mineralisation within the Marban Mine area is divided into severalrecognised structural zones or units; MS equals Mine Sequence (undeterminedzone), MZ equals Mine Zone, HWZ equals Hangingwall Zone, HWUM equalsHangingwall Ultramafic Units, FWZ equals Footwall Zone, GD equalsGranodiorite.

Quality Assurance / Quality Control and Qualified Persons

Diamond drill holes were drilled with NQ-size core in order to obtain larger sample volumes for the mineralised zones. The core was delivered by the drilling contractor to NioGold's facilities located at the Norlartic Mine site. The core was photographed for reference, logged and mineralised sections were sawed in half. Sample lengths varied between 0.5 to 1.5 metres. The half core samples were bagged, sealed and trucked to Activation Laboratories Limited ("Actlabs") in Ancaster, Ontario, an accredited laboratory. Samples were assayed by the fire-assay method using an atomic absorption finish on a 50-gram pulp split.

A quality assurance and quality control program (QA/QC) was implemented by NioGold and the laboratory to insure the precision and reproducibility of the analytical method and results. The QA/QC program includes the insertion of standards and blanks in the sample batches sent to the laboratory and a systematic re-assaying of samples retuning values above 2 g/t Au. As well, 10% of the pulps are sent to Bourlamaque Assay Laboratories Ltd. in Val-d'Or for check assaying.

This news release was prepared by Rock Lefrancois, P.Geo. (OGQ), the Company's Vice-President and Qualified Person as defined by National Instrument 43-101. The drilling is being conducted under the supervision of Yan Ducharme, M.Sc., P.Geo. (OGQ), also a Qualified Person as defined by National Instrument 43-101.

 

[greenhorn]

May 13, 2008 16:20 ET
East Asia Minerals Announces Private Placement of up to C$37.5 Million by Way of Subscription Receipts
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2008) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

East Asia Minerals Corporation (TSX VENTURE:EAS) (the "Company" or "East Asia") is pleased to announce that it has entered into an agreement with a syndicate of agents led by RBC Capital Markets and including Haywood Securities Inc and PI Financial Corporation to act as agents on a best efforts agency basis to sell, on a private placement basis, up to $37.5 million of subscription receipts (the "Offering") of the Company (the "Subscription Receipts"). It is anticipated that the Subscription Receipts will entitle the holders thereof to acquire, for no additional consideration, one common share of the Company and one-half of one common share purchase warrant (a "Warrant") upon the satisfaction of certain conditions precedent (the "Release Conditions") which includes the closing of the Acquisition (as defined below). The definitive pricing of the Offering and terms of the Warrants will be determined in the context of the market. It is expected that the proceeds of the Offering (less certain fees) will be held in escrow pending the satisfaction or waiver of the Release Conditions. All securities issued in connection with the Offering will be subject to a 4 month hold period.

On May 12, 2008, East Asia announced that it had signed a Heads of Agreement to earn-in a 71.8% equity interest in PT Cibaliung Sumberdaya (the "Acquisition") from Austindo Resources Corporation N.L. ("ARX"). PT Cibaliung Sumberdaya is currently owned 89.75% by ARX and 10.25% by PT Antam TBK ("Antam") and owns a 100% equity interest in the Cibaliung Joint Venture (the "CSD JV"). The main asset of the CSD JV is the Cibaliung Gold Project, gold mine located in Banten Province, Java, Indonesia which is expected to be commissioned in 2008. East Asia can complete its earn-in by making staged payments into the CSD JV totalling US$35 million.

The net proceeds of the Offering will be used to fund the staged payments required for East Asia to earn-in a 71.8% equity interest in PT Cibaliung Sumberdaya. The earn-in is expected to occur over 3 tranches as follows and all funds are to be used for the project completion and working capital:

- US$5 million on execution of a definitive agreement in respect of the Acquisition (anticipated for the end of May 2008);

- US$20 million upon completion of the Acquisition (anticipated for end of June 2008);

- US$10 million on an as needed basis but no later than December 31 2008.

 

[greenhorn]

Scorpio ups measured, indicated resources at Nuestra


2008-05-13 08:19 ET - News Release

Mr. Peter Hawley reports

SCORPIO MINING CORPORATION RECEIVES NEW RESOURCE ESTIMATE AND SUBSTANTIALLY INCREASES MEASURED/INDICATED MINERAL RESOURCES ON THE NUESTRA SENORA PROJECT

Scorpio Mining Corp. has completed a new mineral resource estimate for the 100-per-cent-owned Nuestra Senora project in Mexico, which has been audited by independent geological and engineering consultant Watts, Griffis and McOuat Limited (WGM) of Toronto. The new estimate was undertaken in order to support an internal mineral reserve estimate and mine plan being prepared for the first two years of mining, and establish the next priority areas for definition drilling.

Peter J. Hawley, chairman and chief executive officer, comments: "The new mineral resource estimate was completed using criteria that are closer to current market conditions and is based on expected mining methods and costs over the next two years. Although metal prices were increased in the estimate to be closer to current prices, new conservative measures include increasing the cut-off grade to $100 from $80 per tonne utilized in the 2007 mineral resource estimate and allowing for significantly more mining dilution in areas where low-cost, long-hole mining will be undertaken. In addition, this estimate utilizes only the company's drill hole data and omits all of the historic Asarco data to ensure sample integrity and reliability. The company has also been conservative in estimating mineral resources from the upper levels of the mine (we have used only 50 per cent of the Main zone resource above level 8) where previous Asarco stopes have not yet been surveyed to our satisfaction.

"The significant increase in mineral resources in the measured and indicated categories in less than one year shows that our resource base remains very strong and confirms the success of the aggressive definition and exploration drilling program completed in 2007. Our production team will now focus on establishing a new mineral reserve estimate and mine plan for the next two years of production. The stringent application of mining and economic criteria and the associated dilution factors for this mineral resource estimate supports our expectation that mineral reserves will be substantially increased and confidence levels enhanced once the mining plan is completed. The recently reported successes from our definition and exploration drilling since February, 2008, are not included in this mineral resource estimate and are expected to further increase the mineral resources and ultimately extend the estimated mine life."



ESTIMATED MINERAL RESOURCES

Tonnes Silver Gold Zinc Lead Copper
Category (metric) (g/t) (g/t) (%) (%) (%)

Measured 2,689,369 126 0.12 2.69 1.33 0.36
Indicated 1,522,232 137 0.16 2.72 1.25 0.36
Measured and
indicated 4,211,601 130 0.13 2.70 1.29 0.36
Inferred
resources 867,799 168 0.22 3.06 1.39 0.27

Note 1: The cut-off in situ value used to estimate the above mineral
resources was $100 (U.S.) per tonne.

Note 2: Mining recovery was set at 75 per cent above level 8 and 85 per
cent below level 8. Only 50 per cent of the Main zone mineral resource
was used above level 8 to account for historical, unsurveyed
Asarco stopes.

Note 3: Historical Asarco drill hole data were removed from the database
to ensure data quality and reliability.

Note 4: Treated under dilution guidelines for resource category thus
mining dilution at zero grade of 15 per cent was applied to all zones
located above level 8 and 10 per cent to all zones below level 8.

Note 5: The effective date of the mineral resource estimate presented
is Feb. 24, 2008.


This new mineral resource estimate can be compared with the mineral resource and reserve estimate in the prefeasibility study dated June 8, 2007, prepared by Genivar Limited Partnership, from which a preliminary mine plan was completed.


PREVIOUSLY REPORTED MINERAL RESERVE AND RESOURCE ESTIMATE

Tonnes Silver Gold Zinc Lead Copper
Category (metric) (g/t) (g/t) (%) (%) (%)

Probable reserves 1,886,769 127 - 2.97 1.42 0.42
Remaining measured
resources 369,352 325 - 4.93 2.21 0.90
Remaining indicated
resources 361,441 315 - 5.04 2.33 0.80
Inferred resources 816,851 194 - 3.28 1.75 0.49

Note 1: The cut-off in situ value used to estimate the mineral reserves
and resources above was $80 (U.S.) per tonne.

Note 2: The mineral reserves were estimated after allowing for the
following factors: dilution -- 10 per cent for the Main zone and 15 per cent
for the Hoag/Sept. 9 zones; ore recovery -- 75 per cent for the Main zone,
85 per cent for the Hoag and 95 per cent for the Sept. 9 zone, and this
recovery takes into account the pillars left in place.

Note 3: Average ore densities were estimated at 3.15 tonnes per cubic
metre.

Note 4: Estimated remaining mineral resources did not include dilution
factors.

Note 5: The effective date of the mineral reserve and resource estimate
described above is April 22, 2007.


Estimation methodology

In the Feb. 24, 2008, mineral resource estimate, more stringent mining and economic parameters have been applied than those used in previous estimates in order to facilitate straightforward conversion to mineral reserves for mine planning purposes. These include:


Metal values used were $16.50 (U.S.) per ounce for silver, $880 (U.S.) per ounce for gold, $1.00 (U.S.) per pound for zinc, $1.15 (U.S.) for lead and $3.25 (U.S.) for copper.
All calculations were made using Vulcan software and verified with GEMS software.
Capping grade factors were applied and a cut-off grade of $100 (U.S.) per tonne was used.
A block model with cell sizes of two times two times five metres was interpolated using the inverse of the square of the distance using samples in the research ellipsoids. Blocks with composite assay values within a range of 10 metres were classified as measured; those with the closest composite within 10 and 20 metres were classified as indicated; and blocks with samples within 20 to 30 metres were classified as inferred.
A specific gravity was also interpolated for each block based on measurements taken on drill core for that area. The average specific gravity for the total mineral resource is 2.99 tonnes per cubic metre.
All known underground excavation openings were subtracted from the gross estimated mineral resource.
All historical Asarco drill data were removed from the estimation to ensure sample integrity and reliability.
Following the mineral resource estimate, an engineering review was completed in order to demonstrate that the estimated mineral resource has a reasonable prospect of becoming economically viable. This included typical mining and internal dilution factors totalling 10 per cent below level 8 and 15 per cent above level 8.
Only 50 per cent of the Main zone mineral resources was included above level 8 in order to account for historical, unsurveyed Asarco stopes and potential problems with mining around those stopes. All Santo Domingo zone mineralization was removed from the estimated mineral resource due to its proximity to surface. A more detailed study is required to establish economic viability of this mineralization.

The resource estimate was completed by Scorpio's technical team and audited by WGM qualified person, Kurt Breede, PEng. It was prepared using data available up to Feb. 24, 2008. As of Feb. 24, 2008, a total of 847 drill holes (102,015 metres) had been completed on the property (excluding all Asarco drilling). Since Feb. 24, 2008, a further 8,387 metres of diamond drilling has been completed. A new technical report will be available within 45 days of the current release.

President, 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 program and has reviewed the content of this release.

We seek Safe Harbor.

 

[dukezero]

Greenie rund um die Uhr am posten.

Trink mal ein paar Flaschen Bier in der Nacht!!

 

[greenhorn]

ja - wer den Schaden hat...............der Kleine rief mich zweimal an sein Bettchen und verlangte (nicht die Absolution) zu trinken..........war die Tage fiebrig, Magen+Darm, die ganze "nette" Palette
und wenn Papa schon mal wach iss, kann er so schlecht wieder einschlafen - dacht ick mir guck mal wat hier noch so los war...............und ich muß feststellen, es waren ja viele Damenoberbekleidungsstücke los!

 

[greenhorn]

International PBX starts drilling on Tabaco


2008-05-13 19:50 ET - News Release

Mr. George Sookochoff reports

DRILLING BEGINS ON TABACO COPPER PROPERTY

International PBX Ventures Ltd.'s drill program is under way on its Tabaco copper property. The drill program will test for mineralization of a three-dimensional induced polarization chargeability anomaly discovered recently.

This anomaly is considered highly prospective because exceptionally strong copper mineralization (1.29 per cent copper over 44 metres as coarse chalcopyrite) was encountered in a shallow 2003 drill hole precisely where the IP anomaly nears the surface. "I am very excited that we will finally be testing the 3-D IP anomaly, especially with the recent Teck Cominco acquisition of our neighbour Global Copper," commented George Sookochoff.

The Tabaco property is located on the same trend as Global Copper's Relincho copper-molybdenum porphyry property located 10 kilometres to the north. The company believes it may have located a similar porphyry system at Tabaco that has not been unroofed, and that the shallow copper resource developed to date merely represents related manto-skarn leakage mineralization.

Please visit the company's website to view images of the 3-D IP anomaly.

We seek Safe Harbor.

 

[greenhorn]

@Duke - SK bei ITH glatte 2,00 CAD $

 

[dukezero]

greenhorn schrieb am 14.05.2008, 12:22 Uhr[/url]"]@Duke - SK bei ITH glatte 2,00 CAD $

Dabei bleibt festzuhalten das Fischi, ITH mit Detour verglichen hat. Bei dem Bohrprogramm wird der Wert in einem Jahr ganz woanders sein!!!!

 

[Ollinho]

Cuervo drills average of 52.55% Fe over 776.05 m


Cuervo Resources Inc (C:IRON)
Shares Issued 26,568,750
Last Close 5/13/2008 $1.09
Wednesday May 14 2008 - News Release

Mr. John Siriunas reports

CUERVO REPORTS OUTLINE OF ORCOPURA ZONE NEAR COMPLETE; 11 NEW HOLES AVERAGE 52.55 FE; NI 43-101 RESOURCE STUDY EXPECTED IN JUNE

With Cuervo Resources Inc.'s results from eleven new holes the outline of the Orcopura zone of the Cerro Ccopane iron ore project in southern Peruis is near complete.. These latest results have a weighted average iron content of 52.55% Fe over 776.05 m of sampling and include intersections of 54.21% Fe over 118.90 m in ODH - 63 (including 62.07% Fe over 49.50 m) and 53.32% Fe over 150.20 m in ODH - 66. These results, along with those from the 58 holes previously reported on, provide further confirmation of the consistent high values of iron mineralization in the Orcopura zone and indicate that mineralization persists over a strike length of at least 750 meters. The Orcopura zone, has been the initial focus of drilling activity and is one of five zones identified on the wholly owned Cerro Ccopane property. An NI 43-101 compliant resource study on the Orcopura zone of mineralization is expected to be completed in June of 2008.

TECHNICAL RESULTS

Three diamond drills are operating on the property. Previous results were announced in press releases dated October 22nd, October 30th, November 1st, November 15th and December 6th 2007 and January 15th, February 5th , February 12th and March 18th 2008 and included intersections of up to 57.31% Fe over 131.25 m (ODH - 01).

All drill holes were logged and sampled at the property campsite on the property under the direction of Minera Cuervo's senior geologist, ing. Abraham Castillo Ll. A nominal sampling interval of 1.5 m is currently being used within sections of typical iron mineralization. Analyses were performed by SGS Minerals Services at their laboratory facilities in Lima (Callao), Peru. The reported Iron (Fe) analyses were determined by titration methods, sulphur (S) was carried out with a LECO furnace. All other reported analyses, which include phosphorus (P), manganese (Mn) and copper (Cu), were by performed ICP-AES after a multi-acid ("total") digestion. Laboratory check analyses were performed on approximately 10% of the samples submitted while field duplicate samples are submitted on a rate of approximately 5% of the total samples sent to the laboratory. The Company is satisfied with the reproducibility of analyses for the elements reported. A sample preparation facility is also under construction at the Company's exploration camp at Orcopura. The following table presents a list of the significant intersections that were sampled during the recent work program:

-***-



DRILL HOLE INTERSECTION(m) LENGTH(m) TVD(m)* Fe(%) S(%) P(%) Mn(%) Cu(%)



ODH - 60 2.30 - 95.25 92.95 59.10 0.41 0.04 0.05 0.06

ODH - 62 15.60 - 92.70 77.10 54 44.70 1.38 0.07 0.04 0.09

Incl. 15.60 - 31.45 15.85 62.38 0.08 0.04 0.03 0.08

Incl. 38.50 - 57.10 18.60 62.10 1.52 0.04 0.02 0.08

Incl. 82.90 - 92.70 9.80 49.39 3.05 0.01 0.05 0.10

ODH - 63 1.60 - 120.50 118.90 103 54.21 0.21 0.05 0.04 0.05

Incl. 1.60 - 6.30 4.70 62.50 0.03 0.03 0.04 0.03

Incl. 8.20 - 24.70 18.40 60.15 0.12 0.06 0.03 0.05

Incl. 30.70 - 38.70 8.00 60.20 0.13 0.04 0.02 0.10

Incl. 55.20 - 104.70 49.50 62.07 0.03 0.04 0.04 0.04

Incl. 114.60 - 118.35 3.75 58.49 2.64 0.03 0.06 0.01

ODH - 64 30.65 - 75.90 45.25 45 52.49 3.61 0.07 0.09 0.09

Incl. 30.65 - 34.95 4.30 53.29 4.22 0.09 0.10 0.08

Incl. 36.75 - 52.90 16.15 59.94 4.15 0.08 0.09 0.11

Incl. 59.55 - 75.90 16.35 57.32 4.01 0.07 0.10 0.10

ODH - 65 14.50 - 159.00 144.50 82 53.01 2.15 0.04 0.06 0.18

Incl. 21.00 - 25.20 4.20 63.36 0.03 0.05 0.06 0.03

Incl. 40.80 - 54.00 13.20 57.82 1.94 0.04 0.06 0.15

Incl. 57.90 - 66.30 8.40 59.20 0.54 0.01 0.06 0.09

Incl. 79.30 - 102.05 22.75 59.87 3.68 0.03 0.06 0.27

Incl. 105.50 - 129.00 23.50 60.43 3.33 0.02 0.06 0.34

Incl. 129.70 - 159.00 29.30 59.73 2.17 0.06 0.07 0.12

Other 181.40 - 185.90 4.50 3 49.77 3.45 0.01 0.14 0.17

ODH - 66 42.50 - 192.70 150.20 130 53.32 3.50 0.04 0.09 0.10

Incl. 47.00 - 63.50 16.50 58.48 4.01 0.03 0.07 0.11

Incl. 69.50 - 85.35 15.85 56.12 1.48 0.05 0.12 0.05

Incl. 86.65 - 97.95 11.30 50.93 4.01 0.04 0.11 0.11

Incl. 98.75 - 112.80 14.05 55.01 3.57 0.03 0.10 0.10

Incl. 115.15 - 155.00 39.85 57.83 3.70 0.03 0.07 0.11

Incl. 158.50 - 167.30 8.80 54.43 4.32 0.04 0.07 0.11

Incl. 169.30 - 192.70 23.40 56.00 3.93 0.03 0.07 0.11

ODH - 67 22.30 - 49.80 27.50 27 59.75 3.14 0.08 0.08 0.09

Other 80.35 - 195.50 115.15 115 47.63 4.40 0.04 0.06 0.13

Incl. 80.35 - 105.80 25.45 54 53.41 4.18 0.05 0.04 0.12

Incl. 139.60 - 155.70 16.10 54.35 3.99 0.03 0.06 0.13

Incl. 171.00 - 189.20 18.20 19 52.75 4.11 0.03 0.09 0.12



* TVD - approximate total vertical depth from top to bottom of intersection



The following list describes the general descriptions of the drill holes being reported on in this release:

ODH - 59 drilled to a depth of 214.45 m did not intersect mineralization;

ODH - 60, ODH - 62, ODH - 63, and ODH - 65 were all drilled from the same platform, ODH - 60 to a depth of 147.85 m, ODH - 62 to a depth of 123.05 m, ODH - 63 to a depth of 128.25 m and ODH - 65 to a depth of 187.75 m;

ODH - 61, ODH - 66 and ODH - 69 were all drilled from the same platform. ODH - 61, drilled to a depth of 212.8 m, and ODH - 69, drilled to a depth of 183.00 m, did not intersect mineralization. ODH - 70, which did contain iron mineralization, was also drilled from this platform - analytical results are pending for ODH - 70. ODH - 66 was drilled to a depth of 207.85 m;

ODH - 64 was a vertical hole drilled to a depth of 114.90 m;

ODH - 67 was a vertical hole drilled to a depth of 246.50 m; and

ODH - 68 was a vertical hole drilled to a depth of 350.40 m to test the Orcopura "B". This hole did not intersect mineralization. This suggests that the zone may be too deep to warrant further exploration at this time. The Company has suspended further drilling of this zone at the present time and is re-evaluating the geophysical results (gravity) relating to this zone. This was the only current target zone with no surface expression of mineralization.

Location maps for all drill holes can be found at www.cuervoresources.com.

Most intersections of iron mineralization (magnetite +/- hematite) continue to report relatively high sulphur and copper values. The Company has carried out preliminary low-intensity magnetic separation (Davis Tube) testing on selected samples from the early stages of the exploration program. The preliminary Davis Tube results indicate that most of the contained sulphur-bearing minerals as well as the copper can be removed with limited processing while producing a very high-grade iron ore concentrate. Silica values were also found to be within acceptable limits by analyses carried out as part of this testing. Cuervo plans an ongoing program of metallurgical testing.

Exploration work and content of this release has been carried out under the supervision of Mr. John M. Siriunas, P.Eng., the designated qualified person for Cuervo under the definition of NI 43-101.

© 2008 Canjex Publishing Ltd.

 

[greenhorn]

CRR - :D

 

[greenhorn]

May 14, 2008 08:30 ET
East Asia Encounters 6.29 g/t Gold Over 11.0 Metres, Contributing to Upcoming Resource Estimate at Abong Prospect
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to report that its diamond drilling at the shallow dipping, near-surface Abong Jasperoid Prospect, Aceh Province, Indonesia, continues to contribute gold-bearing intercepts for the year-end resource estimate. Assays have been received for diamond drill holes ABD-26 to ABD-32, and are highlighted by the highest grade intercept to date (ABD-32 with 6.29 g/t gold over 11.0 metres) and the thickest intercept to date (ABD-31 with 1.26 g/t gold over 18.0 metres, including 1.62 g/t gold over 10.0 metres). The drill rig continues to make good progress.

ABD-31 was collared to test the newly identified Koro Sesuk NE trending structure that was identified from drill holes ABD-06, ABD-18 and ABD-19. ABD-31 intersected the thickest intersection of gold mineralized jasperiodal silica-sulphide breccia with quartz-sulphide overprint to date.

ABD-32 was collared 50 metres northwest of ABD-01 (10 metres at 2.81 g/t gold) to test for width extension of the Sinkhole Lode. This hole intersected multiphase silica-sulphide (jasperiodal silica) and minor crustiform-colloform quartz-sulphide overprint alteration.

Resource stage exploration drilling remains focused along the 3 x 1.5 kilometre Abong Corridor, where epithermal gold mineralization is controlled by late-stage open space infilling within an extensive outcropping / sub-cropping jasperoid "blanket". The mineralized jasperoid has been outlined for greater than 1,500 metres strike and up to 750 metres width, and is typically 10 to 15 metres thick. It remains open along the northwest-southeast strike direction, and across strike in the southwest-northeast direction (view map at www.EAminerals.com). Continuing surface work has outlined the potential for an additional 1,500 metres strike potential.




Abong drill assays to date;-------------------------------------------------------------Drill Hole From (m) To (m) Interval (m) Gold (g/t)-------------------------------------------------------------ABD-1 21.0 31.0 10.0 2.81-------------------------------------------------------------ABD-2 63.0 73.0 10.0 1.78-------------------------------------------------------------ABD-3 14.0 23.0 9.0 4.84-------------------------------------------------------------ABD-4 1.0 8.0 7.0 0.23-------------------------------------------------------------ABD-5 1.0 9.0 8.0 2.32-------------------------------------------------------------ABD-6 21.0 38.0 17.0 1.02-------------------------------------------------------------Including 22.0 32.0 10.0 1.42-------------------------------------------------------------ABD-7 0.0 12.0 12.0 2.24-------------------------------------------------------------ABD-8 3.0 14.0 11.0 1.77-------------------------------------------------------------Including 3.0 12.0 9.0 2.10-------------------------------------------------------------ABD-9 0.0 24.0 24.0 1.00-------------------------------------------------------------Including 0.0 12.0 12.0 1.56-------------------------------------------------------------ABD-10 0.0 12.0 12.0 1.72-------------------------------------------------------------And 19.0 32.0 13.0 1.17-------------------------------------------------------------ABD-11 2.0 12.0 10.0 0.29-------------------------------------------------------------ABD-12 27.00 30.00 3.0 0.03-------------------------------------------------------------ABD-13 6.0 16.0 10.0 1.07-------------------------------------------------------------ABD-14 -- -- -- none significant-------------------------------------------------------------ABD-15 11.0 22.0 11.0 0.85-------------------------------------------------------------Including 12.0 17.0 5.0 1.32-------------------------------------------------------------ABD-16 27.0 36.0 9.0 1.67-------------------------------------------------------------Including 27.0 34.0 7.0 2.10-------------------------------------------------------------ABD-17 1.0 34.0 33.0 0.32-------------------------------------------------------------ABD-18 1.0 17.0 16.0 1.03-------------------------------------------------------------Including 2.0 12.0 10.0 1.54-------------------------------------------------------------ABD-19 1.0 15.0 14.0 1.44-------------------------------------------------------------Including 1.0 7.0 6.0 2.94-------------------------------------------------------------ABD-20 50.0 57.0 7.0 0.44-------------------------------------------------------------ABD-21 -- -- -- none significant-------------------------------------------------------------ABD-22 22.0 33.6 11.6 0.71-------------------------------------------------------------Including 25.0 32.0 7.0 1.03-------------------------------------------------------------ABD-23 20.0 37.0 17.0 2.80-------------------------------------------------------------Including 21.0 32.0 11.0 4.14-------------------------------------------------------------ABD-24 35.0 44.0 9.0 1.08-------------------------------------------------------------And 48.0 50.0 2.0 1.19-------------------------------------------------------------ABD-25 54.0 66.0 12.0 3.08-------------------------------------------------------------Including 56.0 60.0 4.0 7.97-------------------------------------------------------------ABD-26 -- -- -- none significant-------------------------------------------------------------ABD-27 1.0 10.0 9.0 1.95-------------------------------------------------------------ABD-28 1.0 12.0 11.0 1.08-------------------------------------------------------------ABD-29 -- -- -- none significant-------------------------------------------------------------ABD-30 28.0 30.0 2.0 0.96-------------------------------------------------------------ABD-31 7.0 25.0 18.0 1.26-------------------------------------------------------------Including 9.0 19.0 10.0 1.62-------------------------------------------------------------ABD-32 41.0 52.0 11.0 6.29-------------------------------------------------------------



Samples reported were assayed at Intertek Laboratories in Jakarta. Michael Hawkins, M.Sc., MAusIMM, the designated QP within the meaning of NI43-101 has reviewed and approves the content of this release.

 

[dukezero]

greenhorn schrieb am 14.05.2008, 14:34 Uhr[/url]"]CRR - :D

An NI 43-101 compliant resource study on the Orcopura zone of mineralization is expected to be completed in June of 2008.

 

[greenhorn]

ja - diese Info gibt den beiden News (gestern+heute) noch den richtigen Pfeffer, binum die 0,70 reingerutscht die Tage und ich denke es sind durchaus 50-100% drin.......gerade wenn man sieht woher Cuervo kommt!

 

[greenhorn]

May 14, 2008 09:17 ET
Largo Resources and Glencore International Enter Into Off-Take Agreement for the Maracas Vanadium Project (Brazil)

- Glencore is one of the worlds largest participants in the vanadium market

- Off-take agreement for all vanadium products produced at Maracas for the first 6 years of commercial production with a renewable option for a further 6 years

- Partnership represents significant milestone and validation of the exciting potential of the Maracas Vanadium project
TORONTO, ONTARIO--(Marketwire - May 14, 2008) - Largo Resources Ltd. (TSX VENTURE:LGO) is pleased to announce that it has entered into an off-take agreement with Glencore International AG ("Glencore") for all vanadium products produced at the Maracas vanadium project (the "Project") in Bahia, Brazil.

The agreement shall remain in effect for a six year evergreen period commencing from commercial production, and shall be renewable for a further six years.

Mark Brennan, Largo President and CEO commented: "We are happy to have been able to enter into this off-take with Glencore as they are a significant player in the global vanadium market. This marks the beginning of what we hope will be a mutually beneficial and increasingly collaborative long-term relationship with Glencore."

Based on a scoping study by Micon International in December 2007, the Measured and Indicated Mineral Resource at Maracas (Gulcari "A" Deposit) at $5.00/lb vanadium pentoxide consistent with a cut-off grade of 0.46 g/t was estimated to be 22.5 million tonnes grading 1.27% vanadium pentoxide, including a high-grade zone of 8.7 million tonnes grading 2.0% vanadium pentoxide - expected to support the first 10 years of production. Largo anticipates the production of 5,000 tonnes of Ferro Vanadium per year. The open pit mine design was based on a pit shell reflecting a $5.00/lb long-term price forecast for vanadium pentoxide that was commissioned from CRU of London, England. The base case view of the CRU forecast at the time of commissioning was that the long-term price of vanadium pentoxide would stabilise at approximately $5.00 per lb (and $23.08/kg for ferro vanadium) through 2017. Current prices for vanadium pentoxide and ferro vanadium are approximately $14.00/lb and $62/kg respectively. Largo's expected costs are anticipated to be less than $10/kg for Ferro Vanadium.

Based on the aforementioned resource estimate, Gulcari "A" has 624 million pounds of contained vanadium pentoxide and 406 million pounds of potentially recoverable ferro vanadium. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Projected revenues from the Maracas vanadium deposit are expected to be comprised of the sale of ferrovanadium alloy as the primary product and by-product revenue from the sale of leached concentrate pellets as feedstock for iron and steel production.

As announced on December 12, 2007, the feasibility study for the project is being undertaken by a team led by Aker Kvaerner of Toronto, Ontario. Largo would like to report at this time that the feasibility study is progressing well and that the targeted completion date continues to be June 30, 2008.

This press release was reviewed by Andy Campbell, P.Geo, Largo's VP of Exploration, who is a Qualified Person under NI 43-101.

About Glencore

Glencore International AG is one of the world's largest suppliers of a wide range of commodities and raw materials to industrial consumers.

Headquartered in Baar, Switzerland, Glencore International AG employs over 2,000 people worldwide in some 50 offices in over 40 countries whilst our industrial operations employs over 50,000 people in 19 plants spread over 12 countries.

About Largo

Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. The company is listed on the TSX Venture Exchange under the symbol LGO.

For more information please refer to Largo's website: www.largoresources.com.

 

[greenhorn]

Largo - auch saugut!!!!!!!!!

 

[Ollinho]

-CRR- mit gigantischen Bohr-News und NI im Ausblick!

-LR8- auch klasse News!

Heute rappelts aber......

greenhorn schrieb am 14.05.2008, 15:24 Uhr[/url]"] Largo - auch saugut!!!!!!!!!

 

[dukezero]

Nächstes Ziel, die 1,60€.

 

[dukezero]

 

[greenhorn]

zu Largo-News von gestern noch was ergänzendes!

Die Glencore International AG ist eine im Rohstoffhandel weltweit tätige Unternehmensgruppe mit Hauptsitz in Baar in der Schweiz. Der Konzern befindet sich vollständig im Privatbesitz des Managements und Mitarbeitern in Schlüsselpositionen. Glencore ist das umsatzstärkste Unternehmen der Schweiz und erwirtschaftete 2007 einen Rekordumsatz von USD 142,3 Milliarden. Laut eigenen Angaben beschäftigt Glencore direkt oder indirekt 52'000 Mitarbeiter. Die Marketing-Aktivitäten werden von den weltweit mehr als 2'000 Mitarbeitern in über 40 Ländern ausgeführt, die industriellen Aktivitäten von den weltweit mehr als 50'000 Mitarbeitern in den auf 12 Ländern verteilten 19 Anlagen.

Heute zählt Glencore zu den weltweit führenden Rohstoffkonzernen und umfasst unter anderem die Produktion, Verarbeitung und Handel mit Aluminium, Aluminiumoxid, Bauxit, Eisenlegierungen, Nickel, Zink, Kupfer, Blei, Kohle und Öl, sowie Agrarprodukten (Getreide bzw. Reis, Ölsaaten, verzehrbare Pflanzenöle, Zucker, Biodiesel, u.a.).

Was auch noch interessant ist:
Mit einem Anteil von 34.45% ist Glencore zudem auch grösster Aktionär des Bergbauunternehmen Xstrata

Ollinho schrieb am 14.05.2008, 15:28 Uhr[/url]"]-CRR- mit gigantischen Bohr-News und NI im Ausblick!

-LR8- auch klasse News!

Heute rappelts aber......

greenhorn schrieb am 14.05.2008, 15:24 Uhr[/url]"] Largo - auch saugut!!!!!!!!!

 

[greenhorn]

May 15, 2008 09:15 ET
International Beryllium Corporation Closes Acquisition of Rare Earths Limited, LLC
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - International Beryllium Corporation (TSX VENTURE:IB) ("IBC" or the "Company") is pleased to announce that it has successfully closed the acquisition of Rare Earths Limited, LLC ("REL"), a private Colorado-based mining and mineral exploration company.

This transaction is further to the Company's news release dated January 17, 2008, which announced the signing of a binding letter of intent to acquire REL. Pursuant to the letter agreement, IBC paid an aggregate of US$40,000 and issued one million common shares (the "IBC Shares") with a deemed value of US$0.50 per share and now holds all the issued and outstanding shares of REL. The IBC Shares are subject to a hold period which expires on September 10, 2008.

REL owns a comprehensive reference library detailing beryllium mines, deposits and occurrences worldwide; complemented by extensive geologic, topographic, and bathymetric databases and a world class library of satellite imagery.

"The REL acquisition is an important and strategically significant building block for IBC as we expand our footprint across the global beryllium mine to market value chain," said Anthony Dutton, President and CEO of IBC. "The principals of REL have unmatched geological and geotechnical experience and familiarity with virtually all known areas of beryllium mineralization around the world and are integral to our ongoing mineral asset acquisition program. We are very happy to have the benefit of their unrivalled experience and expertise as we continue to evaluate additional global mineral opportunities."

This acquisition was approved by the TSX Venture Exchange ("TSX-V") on February 28, 2008.

This news release was prepared by management of IBC, which takes full responsibility for its contents.