Rohstoffthread (Archiv)

[Fischlaender]

Steines schrieb am 10.06.2008, 21:06 Uhr[/url]"]respekt fischländer

Dank' schön, der Herr

 

[dukezero]

 

[greenhorn]

Lateegra ! echt Suuuuuuper!

das BUF alles verkauft hat iss gut für Kinbauri - aber auch für BUF!

Fischlaender schrieb am 10.06.2008, 20:59 Uhr[/url]"]Buffalo hat meines Wissens ALLES verkauft, sogar die Warrants! Ev. hat das den Kurs unten gehalten.

greenhorn schrieb am 10.06.2008, 17:52 Uhr[/url]"]- KNB - Kinbauri
sie macht sich auf den Weg, sie macht sich auf den Weg....

» zur Grafik

greenhorn schrieb am 09.06.2008, 22:47 Uhr[/url]"] wat denn dat fürn Brocken an Einzelumsatz - das iss dann wohl ne klare Ansage! wenn Kinbauri über nen 1 CAD geht, erfolgreiches Verlassen des Seitwärtstrendes......

greenhorn schrieb am 04.06.2008, 17:37 Uhr[/url]"]» zur Grafik

wir auch langsam was handefestes...........

 

[Fischlaender]

seh ich genauso, bei KNB ist die Bremse raus und BUF kann das Geld einsetzen, um Furtei auf Vordermann zu bringen!

greenhorn schrieb am 10.06.2008, 21:36 Uhr[/url]"]Lateegra ! echt Suuuuuuper!

das BUF alles verkauft hat iss gut für Kinbauri - aber auch für BUF!

Fischlaender schrieb am 10.06.2008, 20:59 Uhr[/url]"]Buffalo hat meines Wissens ALLES verkauft, sogar die Warrants! Ev. hat das den Kurs unten gehalten.

greenhorn schrieb am 10.06.2008, 17:52 Uhr[/url]"]- KNB - Kinbauri
sie macht sich auf den Weg, sie macht sich auf den Weg....

» zur Grafik

greenhorn schrieb am 09.06.2008, 22:47 Uhr[/url]"] wat denn dat fürn Brocken an Einzelumsatz - das iss dann wohl ne klare Ansage! wenn Kinbauri über nen 1 CAD geht, erfolgreiches Verlassen des Seitwärtstrendes......

greenhorn schrieb am 04.06.2008, 17:37 Uhr[/url]"]» zur Grafik

wir auch langsam was handefestes...........

 

[Ollinho]

N´abend Jungs!

Largo ist echt der Hammer!

Kinbauri entwickelt sich schön! Gut investiert greenhorn

Bei BUF bin ich auf den NI zu Furtei gespannt, der jetzt fast täglich kommen könnte.

Canasia -45C- lässt heute etwas Federn, event. morgen mal nen Abstauber setzen....

 

[Ollinho]

-T5Q- Tenajon Resources wird auch noch kommen.

Da ist die Entwicklung eben noch nicht soweit. Aber wenn Largo sich weiter so entwickelt bin ich sicher, dass man sich in Tenajon lieber früher als zu spät positioniert

 

[dukezero]

Mustang Drills New Nickel Horizon with 487.2 Meters at 0.24% Nickel Drillhole Intercepts 3.8% Nickel
MUSTANG MINERALS CORP MUM
6/11/2008 1:00:44 AM
TORONTO, ONTARIO, Jun 11, 2008 (MARKET WIRE via COMTEX News Network) --

Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) today announced a significant new drill intercept at the Maskwa Nickel Project. Drillhole MM08-128 was drilled in a new exploration horizon (the Southern Horizon) near the proposed Maskwa pit shell. Within a mineralized envelope of 487.2 meters assaying 0.24% nickel and 115 ppb pgm the interval contained multiple zones of nickel mineralization. Notably, the exploration hole intersected 29.7 meters (97.4 feet) at 0.30% nickel, 283 ppb pgm, and 0.02% cobalt near surface and 0.83 meters (2.7 feet) grading 3.88% nickel, 1000 ppb pgm and 0.19% cobalt from 348.3 meters downhole. Numerous zones of nickel and PGM mineralization were encountered throughout the entire length of the drill hole, as well as smaller high grade sections.

The results have positive implications for

1) significant expansion of the proposed open pit resources at Maskwa and

2) the potential delineation of high grade nickel sulfide resource at the project.


MM08-128 was collared to the south at 45 degrees. Results are as follows:
-------------------------------------------------------------
Drill
Hole From To Interval Nickel (Pt-Pd-Au) Cobalt
MM08-128 (m) (m) (m) % ppb %
-------------------------------------------------------------
17.83 505.05 487.22 0.24 115 0.013
-------------------------------------------------------------
Subintervals are:
-------------------------------------------------------------
17.83 47.55 29.72 0.30 283 0.02
-------------------------------------------------------------
Including 33.77 35.97 2.20 0.62 718 0.03
-------------------------------------------------------------
And 50.90 69.19 18.29 0.21 300 0.01
-------------------------------------------------------------
And 74.98 81.38 6.40 0.43 185 0.03
-------------------------------------------------------------
Including 75.62 75.83 0.21 3.38 86 0.02
-------------------------------------------------------------
And 84.43 91.14 6.71 0.34 223 0.02
-------------------------------------------------------------
And 99.67 127.10 27.43 0.28 178 0.02
-------------------------------------------------------------
Including 113.39 119.48 6.09 0.32 208 0.02
-------------------------------------------------------------
And 133.2 156.06 22.86 0.28 214 0.02
-------------------------------------------------------------
Including 146.3 148.44 2.14 0.38 306 0.02
-------------------------------------------------------------
And 159.11 171.05 11.94 0.24 181 0.01
-------------------------------------------------------------
And 175.56 181.66 6.10 0.27 206 0.01
-------------------------------------------------------------
And 184.25 200.25 16.00 0.26 152 0.01
-------------------------------------------------------------
And 203.30 245.97 42.67 0.25 75 0.01
-------------------------------------------------------------
Including 225.67 225.95 0.28 0.90 110 0.06
-------------------------------------------------------------
Including 228.72 229.00 0.28 1.88 340 0.15
-------------------------------------------------------------
And 348.29 352.04 3.75 1.14 281 0.06
-------------------------------------------------------------
Including 348.29 349.12 0.83 3.88 1000 0.19
-------------------------------------------------------------
Intervals are apparent width. m equals meter ppb equals parts per billion

MM08-128 was drilled 500 meters to the east of the proposed Maskwa open pit defined in the recent National Instrument 43-101 prefeasibility study. It tested a broad flat lying ground loop EM conductor from a survey completed in 1998 by a previous company. The conductor has an interpreted strike length of over two kilometers. The horizon has not been previously drill tested by Mustang. MM08-129 was drilled 200 meters to the east and further south of MM08-128. It was angled 45 degrees to the south and intersected several zones of mineralization starting at surface. It is interpreted that MM08-129 may have been drilled too far to the south to intersect the entire zone noted in MM08-128.

Following are the results from MM08-129:


------------------------------------------------------------
Drill
Hole From To Interval Nickel (Pt-Pd-Au) Cobalt
MM08-129 (m) (m) (m) % ppb %
------------------------------------------------------------
17.5 180.4 162.9 0.23 113 0.01
------------------------------------------------------------
Subintervals are:
------------------------------------------------------------
Including 17.5 20.4 2.9 0.35 405 0.02
------------------------------------------------------------
And 23.1 46.0 22.9 0.25 176 0.02
------------------------------------------------------------
And 57.0 61.6 4.6 0.28 199 0.02
------------------------------------------------------------
And 73.8 87.4 13.6 0.27 159 0.01
------------------------------------------------------------
And 96.1 122.2 26.1 0.24 53 0.01
------------------------------------------------------------
Intervals are apparent width. m equals meter ppb equals parts per billion

The stratigraphy and mineralization encountered are similar to recent Mustang hole MM08-112 drilled 1.5 km to the west (see Mustang press release dated April 22, 2008). Assay results from several additional holes recently drilled by Mustang to test the Southern Horizon west of the Maskwa are pending. A map of the recently drilled holes is posted at http://www.mustangminerals.com/newmap.html.

Field mapping by Mustang geological crews have identified the horizon further to the east, as noted in historical assessment reports. The Southern Horizon is hosted by the Bird River sill and has been mapped intermittently for 7 kilometers on Mustang Minerals property. Historical exploration work on the Southern Horizon was primarily focused on chrome - pgm as opposed to nickel.

"We are looking for additional resource to add to our Proven and Probable open pit reserve of 7.11 million tonnes grading 0.64% nickel and other credits" said Robin Dunbar, President of Mustang. We are encouraged by these new exploration results at Maskwa in close proximity to our proposed open pit project" he added. " The Southern Horizon in the area of MM08-128 is now a high priority for follow up drilling. The Maskwa Property is now demonstrating potential for significantly larger tonnage open pit nickel-pgm sulfide resource and zones of higher grade mineralization." "It is also important to note that the project is located in an area of excellent infrastructure and low cost power."

Drill Program Update

In addition to exploration drill results from the Southern Horizon additional assays are pending from drilling in other areas of the Maskwa Property. These include:

1) Resource drilling to the east of Maskwa targeting an eastern extension of the pit resource (MM08-119 to MM08-123)

2) Resource drilling to further define the hangingwall at Maskwa and to the main resource to depth (MM08-130 to MM08-135)

3) Additional drill holes into the Southern Horizon (MM08-124, 126,127, 108)

4) Remaining exploration holes drilled to test the West Maskwa Horizon.

Results are also pending from an exploration phase drill program at the East Bull Lake Property west of Sudbury, Ontario.

QA/QC

The drill core from the drill program was processed and assayed at TSL Labs in Saskatoon, Saskatchewan. The core was split at the Maskwa site and a split of all the samples were retained as the other half was sent to the laboratory. Mustang Minerals carries out a QA/QC program on all its drill holes including the insertion of standards and blanks.

Carey Galeschuk P.Geo. is the Qualified Person for Mustang Minerals Corp. for the purposes of National Instrument 43-101.

To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our website at www.mustangminerals.com.

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects in Manitoba, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parametres as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the year ended December 31, 2007 and thereafter and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com. Shares Outstanding: 72,407,427

 

[greenhorn]

Jun 10, 2008 17:48 ET
Pelangio Advised of Drill Results from Detour Gold's Drilling Program at Detour Lake, Ontario (1.85 g/t Over 113.5 metres and 1.37 g/t Over 71 metres)
TORONTO, ONTARIO--(Marketwire - June 10, 2008) - Pelangio Mines Inc. (TSX:PLG) ("Pelangio") has been advised by Detour Gold Corporation ("Detour Gold") that it has released drill results of 27 holes from the Calcite and Gap Zones of its Phase II drilling program at the Detour Lake property in northern Ontario. Detour Gold started Phase II drilling in July 2007 and thus far has completed 302 holes totaling 119,002 metres (including 19 holes abandoned for 1,624 metres). Detour Gold has now reported 187 holes totaling 68,428 metres (including 15 holes abandoned for 1,290 metres). There are four (4) active drill rigs on site.

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




"Detour Gold Reports Wide Gold Intersections in the Calcite Zone of its Detour Lake Project in Northern Ontario (1.85 g/t over 113.5 metres and 1.37 g/t over 71 metres)



Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to report the drill results of 27 holes from the Calcite and Gap Zones of its Phase II drilling program at the Detour Lake property in northern Ontario. The Company started Phase II drilling in July 2007 and thus far has completed 302 holes totaling 119,002 metres (including 19 holes abandoned for 1,624 metres). The Company has now reported 187 holes totaling 68,428 metres (including 15 holes abandoned for 1,290 metres).

Detour Gold has been very successful in drilling the Calcite Zone, which will have a positive impact on the upcoming resource update. Results from 22 holes in the Calcite Zone are indicating additional gold mineralization outside the US$575 pit shell and within the US$700 pit shell. Of importance, near-surface mineralization was encountered in holes DG-07-267 with 1.83 g/t (cut) over 113.5 metres and DG-07-265 with 1.37 g/t (cut) over 71 metres. Several significant mineralized zones were intersected at the contact of the SLDZ and massive flow below the US$700 pit shell (DG-08-309 on section 17,900E and DG-07-251 on section 18,220E).

Gold mineralization was encountered in all five (5) holes drilled in the Gap Zone. Of importance, hole DG-08-301 intersected 0.93 g/t over 70.0 metres near-surface at approximately 400 metres northward in the hanging wall and DG-08-294, located 40 metres to the east, intersected the same zone with 1.05 g/t over 47.0 metres.

The best mineralized (uncut) intervals encountered are shown below.



Calcite Zone----------------------------------------------------------------------------DG-07-251 DG-07-265 DG-07-267 DG-07-271------------ ------------ ------------- -------------1.38 g/t 1.37 g/t 1.85 g/t 1.15 g/t over 47.0 m over 71.0 m over 113.5 m over 28.0 m1.30 g/t 4.57 g/t 1.76 g/t over 26.0 m over 7.0 m over 31.0 m 1.64 g/t over 26.0 m
DG-07-275 DG-07-276 DG-07-281 DG-07-282------------ ------------ ------------- -------------1.68 g/t 2.67 g/t 7.01 g/t 12.29 g/t over 45.0 m over 29.0 m over 16.0 m over 7.0 m2.35 g/t 1.45 g/t over 15.0 m over 27.0 mDG-08-295 DG-08-303------------ ------------3.29 g/t 5.85 g/t over 21.5 m over 10.0 m
Gap Zone----------------------------------------------------------------------------DG-08-294 DG-08-299 DG-08-301 DG-08-307------------ ------------ ------------- --------------1.05 g/t 7.36 g/t 0.93 g/t 3.40 g/t over 47.0 m over 10.0 m over 70.0 m over 17.0 m5.34 g/t 2.06 g/t 1.03 g/t 2.37 g/t over 11.0 m over 20.0 m over 33.0 m over 25.0 m 4.11 g/t over 10.0 m



The Company is extremely confident in meeting its objectives of outlining a mineral resource of over 10 million ounces of gold at Detour Lake. The Company expects to release its mineral resource update on July 2 at 5:00 PM ET followed by a conference call on July 3 at 10:00 AM ET. The base case will be using a gold price of US$700 per ounce (equivalent to 0.5 g/t cut-off grade) and a US$ exchange rate of 1.10. The resource update will be based on a fully designed and engineered open pit based on a 30,000 tpd operation for the first few years and increasing to 60,000 tpd thereafter. This scenario will serve as the basis of our 2008 feasibility study to be completed by year-end.

The Phase II drill program (135,000 metres) is expected to be completed by mid-2008. Approximately half of that program, along with Phase I, will be included in the new resource update. The Company will be planning a Phase III drill program in the coming months to complete the feasibility study and further test the western extension of the Detour Lake deposit.

Complete tables of results, surface and longitudinal plans and cross-sections for the Detour Lake deposit are posted on the Company's website www.detourgold.com /Projects/Detour Lake or http://www.detourgold.com/s/LatestDrillResults.asp or on the home page "Explore Detour Lake".

Detour Gold's exploration program is being managed by Project Manager, Mr. Roger Aubertin, P.Eng., a Qualified Person within the meaning of National Instrument 43-101. Mr. Aubertin has verified and approved the data disclosed in this release, including the sampling, analytical and test data underlying the information. Details on the current mineral resource are available in the January 2008 Technical Report, which is posted on the Company's website or on SEDAR (www.sedar.com).

Samples are prepared and assayed at SGS Minerals Services in Don Mills, Ontario, Canada. Analysis for gold is done on sawn half core samples using fire assay (AA finish). Samples with higher grade gold (greater than 5 g/t) are re-assayed using the pulp and metallics procedures. Standard reference materials, blank and field duplicate samples are inserted prior to shipment from site to monitor the quality control of the assay data. For additional information on Quality Assurance and Quality Control ("QA/QC"), refer to the press release dated April 11, 2007.



For further information, please contact:
Gerald Panneton, Laurie Gaborit, President and CEO Director Investor Relations Tel: (416) 304.0800 Tel: (416) 304.0581
Detour Gold Corporation, Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2040, Toronto, Ontario M5J 2J1

Detour Lake Project - Highlights of Drill Results
----------------------------------------------------------------------------Hole No. Section From (m) To (m) Length Au Au Host Rock Unit No. (m) Uncut Cut (g/t) to 20 g/t (g/t) ----------------------------------------------------------------------------DG-07-246 18,340E 80.0 88.0 8.0 0.85 0.85(Calcite ---------------------------------------------------------- Zone) 207.0 217.0 10.0 1.26 1.26 ---------------------------------------------------------- 251.0 269.0 18.0 2.41 2.41 Lower Pillow Flow ---------------------------------------------------------- 295.0 317.0 22.0 0.79 0.79----------------------------------------------------------------------------DG-07-251 18,220E 159.0 185.0 26.0 1.30 1.30 Upper Pillow Flow(Calcite ---------------------------------------------------------- Zone) 234.0 241.0 7.0 2.18 2.18 ---------------------------------------------------------- 271.0 281.0 10.0 1.52 1.52 ---------------------------------------------------------- 568.0 615.0 47.0 1.41 1.41 Lower MF/CMH----------------------------------------------------------------------------DG-07-255 18,140E 215.0 234.0 19.0 1.16 1.16(Calcite ---------------------------------------------------------- Zone) 325.0 346.0 21.0 2.03 2.03 Lower Pillow Flow ---------------------------------------------------------- 400.0 410.0 10.0 2.30 2.11 ---------------------------------------------------------- Inc. 407.0 408.0 1.0 21.85 20.00 ----------------------------------------------------------DG-07-265 18,500E 77.0 148.0 71.0 1.37 1.37 Lower Pillow Flow(Calcite ---------------------------------------------------------- Zone) 174.0 184.0 10.0 0.88 0.88 ---------------------------------------------------------- 241.0 248.0 7.0 2.56 2.56 ---------------------------------------------------------- 312.0 319.0 7.0 1.45 1.45----------------------------------------------------------------------------DG-07-267 18,580E 55.5 169.0 113.5 1.85 1.83 Lower PF/Upper MF(Calcite ---------------------------------------------------------- Zone) Inc. 76.0 77.0 1.0 22.20 20.00 ---------------------------------------------------------- 309.0 316.0 7.0 4.57 2.13 Lower Massive Flow ---------------------------------------------------------- Inc. 310.0 310.5 0.5 54.06 20.00 ---------------------------------------------------------- 332.0 343.0 11.0 1.73 1.73 ---------------------------------------------------------- 357.0 365.0 8.0 2.21 2.21 ---------------------------------------------------------- 381.0 391.0 10.0 1.25 1.25----------------------------------------------------------------------------DG-07-271 18,460E 163.0 191.0 28.0 1.15 1.15 Upper Pillow Flow(Calcite ---------------------------------------------------------- Zone) 280.0 294.0 14.0 1.71 1.71 ---------------------------------------------------------- 318.0 349.0 31.0 1.76 1.76 Lower Pillow Flow ---------------------------------------------------------- 409.0 435.0 26.0 1.64 1.03 Lower Massive Flow ---------------------------------------------------------- Inc. 432.5 433.0 0.5 51.86 20.00----------------------------------------------------------------------------DG-07-275 18,340E 93.0 107.0 14.0 1.64 1.64(Calcite ---------------------------------------------------------- Zone) 122.0 167.0 45.0 1.68 1.68 Lower PF/Upper MF ---------------------------------------------------------- 194.0 202.0 8.0 2.68 2.68 ---------------------------------------------------------- 253.0 260.0 7.0 1.40 1.40 ---------------------------------------------------------- 286.0 301.0 15.0 2.35 1.98 Lower Massive Flow ---------------------------------------------------------- Inc. 300.0 301.0 1.0 25.50 20.00 ---------------------------------------------------------- 350.0 366.0 16.0 1.52 1.52----------------------------------------------------------------------------DG-07-276 18,340E 60.0 89.0 29.0 2.67 2.67 Upper MF/Lower PF(Calcite ---------------------------------------------------------- Zone) 106.0 113.0 7.0 1.75 1.75 ---------------------------------------------------------- 170.0 177.0 7.0 1.68 1.68 ---------------------------------------------------------- 245.0 258.0 13.0 1.28 1.28----------------------------------------------------------------------------DG-07-277 18,300E 54.0 62.0 8.0 2.61 2.61(Calcite ---------------------------------------------------------- Zone) 127.0 176.0 49.0 0.85 0.85 Lower PF/ Upper MF ---------------------------------------------------------- 249.0 256.0 7.0 1.35 1.35 ---------------------------------------------------------- 393.3 401.0 7.7 2.13 2.13 ---------------------------------------------------------- 432.0 439.0 7.0 2.02 2.02----------------------------------------------------------------------------DG-07-279 18,300E 252.0 261.5 9.5 1.16 1.16(Calcite ---------------------------------------------------------- Zone) 301.0 308.0 7.0 1.62 1.62 ---------------------------------------------------------- 374.0 381.0 7.0 1.63 1.63 ---------------------------------------------------------- 398.0 405.0 7.0 1.38 1.38 ---------------------------------------------------------- 451.5 465.0 13.5 1.19 1.19 ---------------------------------------------------------- 519.5 543.0 23.5 0.77 0.77----------------------------------------------------------------------------DG-07-280 18,100E 180.0 189.0 9.0 1.08 1.08(Calcite ---------------------------------------------------------- Zone)----------------------------------------------------------------------------DG-07-281 18,340E 19.0 27.0 8.0 1.51 1.51 (Calcite ---------------------------------------------------------- Zone) 79.0 95.0 16.0 7.01 2.58 Lower Massive Flow ---------------------------------------------------------- Inc. 81.5 82.0 0.5 37.20 20.00 ---------------------------------------------------------- Inc. 85.0 86.0 1.0 82.30 20.00----------------------------------------------------------------------------DG-07-282 18,540E 199.0 223.0 24.0 0.90 0.90(Calcite ---------------------------------------------------------- Zone) 237.0 248.0 11.0 1.26 1.26 ---------------------------------------------------------- 286.0 297.0 11.0 1.00 1.00 ---------------------------------------------------------- 330.0 357.0 27.0 1.45 1.45 Upper Massive Flow ---------------------------------------------------------- 542.0 565.0 23.0 1.48 1.48 Lower Mafic Flow ---------------------------------------------------------- 573.0 580.0 7.0 12.29 2.72 Lower Mafic Flow ---------------------------------------------------------- Inc. 579.0 579.5 0.5 154.00 20.00----------------------------------------------------------------------------DG-07-284 18,380E Hole abandoned at 21 m. Not sampled.(Calcite ---------------------------------------------------------- Zone)----------------------------------------------------------------------------DG-07-284A 18,380E Hole lost at 123 m. No significant results.(Calcite ---------------------------------------------------------- Zone)----------------------------------------------------------------------------DG-08-284B 18,380E 394.0 408.0 14.0 1.08 1.08(Calcite ---------------------------------------------------------- Zone) 419.0 433.0 14.0 0.95 0.95 ---------------------------------------------------------- 472.0 502.8 30.8 0.95 0.95 Upper Pillow Flow ---------------------------------------------------------- 520.0 527.5 7.5 1.25 1.25 ---------------------------------------------------------- 573.0 589.0 16.0 1.74 1.74 Upper Pillow Flow ---------------------------------------------------------- 602.0 630.0 28.0 1.20 1.20 Upper PF/Lower MF----------------------------------------------------------------------------DG-08-287 18,060E 154.0 176.0 22.0 1.27 1.27 Upper Pillow Flow(Calcite ---------------------------------------------------------- Zone) 251.0 258.0 7.0 5.53 2.91 Lower Pillow Flow ---------------------------------------------------------- Inc. 256.0 257.0 1.0 38.30 20.00 ---------------------------------------------------------- 269.5 287.0 17.5 0.66 0.66 ---------------------------------------------------------- 311.0 322.0 11.0 1.45 1.45----------------------------------------------------------------------------DG-08-288 19,240E 42.0 50.0 8.0 2.93 2.90(Gap ---------------------------------------------------------- Zone) Inc. 44.0 45.0 1.0 20.20 20.00 ---------------------------------------------------------- 62.0 73.0 11.0 1.90 1.90 ---------------------------------------------------------- 127.0 147.0 20.0 1.61 1.61 Lower Massive Flow ---------------------------------------------------------- 182.0 189.0 7.0 1.33 1.33 ---------------------------------------------------------- 236.0 262.0 26.0 1.25 1.25 Lower MF/CMH----------------------------------------------------------------------------DG-08-294 19,160E 62.0 109.0 47.0 1.05 1.05 Lower Pillow Flow(Gap ---------------------------------------------------------- Zone) 162.0 174.0 12.0 0.86 0.86 ---------------------------------------------------------- 252.0 261.0 9.0 2.07 2.07 ---------------------------------------------------------- 272.0 284.0 12.0 0.95 0.95 ---------------------------------------------------------- 323.8 336.0 12.2 1.49 1.49 ---------------------------------------------------------- 362.0 373.0 11.0 5.34 3.09 Lower Pillow Flow ---------------------------------------------------------- Inc. 362.0 363.0 1.0 44.80 20.00 ---------------------------------------------------------- 443.0 450.5 7.5 4.06 2.08 Lower Massive Flow ---------------------------------------------------------- Inc. 450.0 450.5 0.5 49.80 20.00 ---------------------------------------------------------- 469.5 483.0 13.5 0.95 0.95 ---------------------------------------------------------- 519.0 526.0 7.0 1.22 1.22----------------------------------------------------------------------------DG-08-295 18,060E 89.0 100.0 11.0 1.04 1.04(Calcite ---------------------------------------------------------- Zone) 112.0 133.0 21.0 1.10 1.10 ---------------------------------------------------------- 165.0 172.0 7.0 2.06 2.06 ---------------------------------------------------------- 184.0 201.0 17.0 1.36 1.36 ---------------------------------------------------------- 248.0 255.0 7.0 2.84 2.84 ---------------------------------------------------------- 409.0 416.0 7.0 1.30 1.30 ---------------------------------------------------------- 434.5 456.0 21.5 3.29 2.72 Lower Massive Flow ---------------------------------------------------------- Inc. 436.0 436.5 0.5 36.47 20.00 ---------------------------------------------------------- Inc. 436.5 437.0 0.5 28.00 20.00 ---------------------------------------------------------- 467.0 474.0 7.0 1.57 1.57----------------------------------------------------------------------------DG-08-299 19,080E 42.0 66.0 24.0 0.96 0.96(Gap ---------------------------------------------------------- Zone) 375.0 385.0 10.0 7.36 1.56 Lower Pillow Flow ---------------------------------------------------------- Inc. 379.5 380.0 0.5 136.00 20.00 ---------------------------------------------------------- 399.0 406.0 7.0 1.29 1.29 ---------------------------------------------------------- 480.0 500.0 20.0 2.06 2.06 Lower Massive Flow ---------------------------------------------------------- 545.0 560.0 15.0 1.94 1.94 CMH----------------------------------------------------------------------------DG-08-301 19,120E 43.0 113.0 70.0 0.93 0.93 Lower Pillow Flow(Gap ---------------------------------------------------------- Zone) 125.0 147.0 22.0 0.78 0.78 ---------------------------------------------------------- 168.0 201.0 33.0 1.03 1.03 Lower Pillow Flow ---------------------------------------------------------- 374.0 384.0 10.0 4.11 4.11 Lower Pillow Flow ---------------------------------------------------------- 393.0 400.0 7.0 1.97 1.97 ---------------------------------------------------------- 441.0 449.0 8.0 1.81 1.81 ---------------------------------------------------------- 484.0 504.0 20.0 1.19 1.19 ---------------------------------------------------------- 527.0 534.0 7.0 2.70 2.70----------------------------------------------------------------------------DG-08-303 18,100E 87.0 97.0 10.0 5.85 4.21 Upper Pillow Flow(Calcite ---------------------------------------------------------- Zone) Inc. 93.0 94.0 1.0 36.40 20.00 ---------------------------------------------------------- 114.0 146.0 32.0 0.81 0.81 Upper Pillow Flow ---------------------------------------------------------- 183.0 209.0 26.0 0.85 0.85 ---------------------------------------------------------- 252.0 277.0 25.0 1.13 1.13 Lower Pillow Flow ---------------------------------------------------------- 305.0 312.0 7.0 1.87 1.87----------------------------------------------------------------------------DG-08-306 18,100E 217.0 229.0 12.0 1.17 1.17(Calcite ---------------------------------------------------------- Zone) 286.0 303.0 17.0 0.65 0.65 ---------------------------------------------------------- 481.0 489.0 8.0 1.79 1.79----------------------------------------------------------------------------DG-08-307 19,120E 121.0 136.0 15.0 1.40 1.40(Gap ---------------------------------------------------------- Zone) 233.0 244.0 11.0 1.03 1.03 ---------------------------------------------------------- 301.0 308.0 7.0 1.79 1.79 ---------------------------------------------------------- 327.0 344.0 17.0 3.40 3.40 Lower Pillow Flow ---------------------------------------------------------- Inc. 328.0 329.0 1.0 20.00 20.00 ---------------------------------------------------------- 464.0 489.0 25.0 2.37 1.47 Lower MF/CMH ---------------------------------------------------------- Inc. 481.7 482.2 0.5 65.20 20.00----------------------------------------------------------------------------DG-08-309 17,900E 37.5 45.0 7.5 1.20 1.20(Calcite ---------------------------------------------------------- Zone) 100.0 108.0 8.0 2.09 2.09 ---------------------------------------------------------- 326.0 358.0 32.0 0.91 0.91 Lower Mafic Flow ---------------------------------------------------------- 386.0 396.0 10.0 1.04 1.04----------------------------------------------------------------------------DG-08-316 18,180E 92.0 120.0 28.0 0.90 0.85 Upper Mafic Flow(Calcite ---------------------------------------------------------- Zone) Inc. 119.5 120.0 0.5 22.8 20.0 ---------------------------------------------------------- 246.0 267.0 21.0 1.26 1.26 Mafic Flow ---------------------------------------------------------- 377.0 384.0 7.0 2.72 2.72----------------------------------------------------------------------------Note: All values above 20 g/t in the composite are reported in the table. True width is estimated to be 65 to 75% of the drilled length.



Forward-Looking Information

This press release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Specifically, this press release includes forward-looking statements regarding: the Company's planned drilling program and estimate of the quantity and quality of its mineral resources. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. These risks, uncertainties and other factors include, but are not limited to, the uncertainties involved in interpreting geological data and other risks involved in the gold exploration and development industry as well as those risk factors listed in the Company's Annual Information Form (AIF), Item 4.4 - "Description of Business - Risk Factors" filed on SEDAR. Readers are cautioned that the list of factors included in the AIF is not exhaustive of the factors that may affect the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Such statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to, the following assumptions: the Company's exploration and development activities on the Detour Lake Property will proceed in accordance with the Company's current timetables; and the Company's resource estimates, geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral resources) and operational and price assumptions on which the resource estimates are based, are accurate. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.

Information Concerning Estimates of Mineral Resources

This news release uses the terms 'measured', 'indicated' and 'inferred' resources. Detour Gold advises investors that although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable."

 

[dukezero]

Rohstoffe-Go - Stuttgart Eine Einschätzung zum Edelmetallmarkt von Thorsten Proettel, BW-Bank.

Schwäche der Aktien macht Gold stark

Die von vielen Marktteilnehmern fast schon zu den Akten gelegte Immobilien- und Kreditkrise hat ihren Weg wieder in das Bewusstsein der Investoren gefunden. Der erste Auslöser hierfür war die Gewinnwarnung der britischen Hypothekenbank Bradford & Bingley letzte Woche. Obwohl das Kreditinstitut für den Kontinent weniger bedeutend ist, ließ die Meldung auch hier insbesondere Bankaktien einbrechen und verdeutlichte, dass die Probleme noch keineswegs ausgestanden sind. Die Flucht aus den Dividendentiteln bescherte nicht nur den Aktienindizes in Europa und Übersee deutliche Verluste. Spiegelbildlich legte der Goldpreis zu und bestätigte damit die seit Oktober letzten Jahres beobachtbare negative Korrelation zwischen dem Edelmetall und Aktien.

EZB hilft Gold über die 900-Dollar-Marke



Ein weiterer Preisschub für Gold & Co. bedeuteten die Äußerungen von EZB-Chef Jean-Claude Trichet zu einer möglichen Leitzinserhöhung im nächsten Monat. Die Folgen waren ein deutlich schwächerer US-Dollar und möglicherweise indirekt auch der Ölpreisanstieg. Tendenziell profitiert der Goldpreis von beiden Faktoren, auch wenn der Zusammenhang seit März schwächer ausgeprägt ist. Sollte sich die unter Konjunkturperspektiven negative Nachrichtenflut in den nächsten Wochen fortsetzen, dann könnte die 1.000-Dollar-Marke für Gold schon bald wieder in greifbare Nähe rücken.

Platin bietet gute fundamentale Basis

Losgelöst von Währungs-, Inflations- und Konjunktursorgen zeigt sich seit Januar der Platinpreis. Der kräftige Anstieg infolge der Elektrizitätsknappheit im

wichtigsten Förderland Südafrika wurde zwar durch einen Preisrückgang teilweise wieder aufgezehrt. Dennoch hat sich das weiße Edelmetall seit Anfang des Jahres im Vergleich zu Gold um mehr als 25 % besser entwickelt. Der hohe Preis dämpft insbesondere in China die Nachfrage nach Platinschmuck. Branchenvertreter haben jüngst die Befürchtung geäußert, die Absatzzahlen im Reich der Mitte würden die Werte des Vorjahres nicht erreichen. Grundsätzlich ist diese Nachricht für den Preis jedoch nicht negativ zu werten. Die Juweliere sind neben den Investoren die einzige Nachfragegruppe, die sensibel auf Preisänderungen reagiert. Da das Platinangebot durch die Förderausfälle in Südafrika in diesem Jahr ohnehin geringer ausfällt, ist die Verdrängung der Schmuckkäufer über den Preis eine logische Konsequenz zur Aufrechterhaltung des Marktgleichgewichtes. Erst bei einem signifikanten Nachfrageausfall ergibt sich ein anderes Bild. Danach sieht es aber momentan jedoch nicht aus.

Thorsten Proettel

 

[dukezero]

http://www.handelsblatt.com/news/_pv/_p/203855/_t/ft/_b/1427079/default.aspx/index.html

http://www.handelsblatt.com/News/Boerse/Rohstoffe-Devisen/_pv/doc_page/2/_p/203855/_t/ft/_b/1421929/default.aspx/brasiliens-eisenerzbranche-im-kaufrausch.html

Thema Eisenerz!

 

[dukezero]

 

[dukezero]

http://www.handelsblatt.com/News/Bo....um-die-bodenschaetze.html

 

[greenhorn]

bin auch mal ne kleine Posi neben CAJ,WPX in dieser Raytec Long - steckt sehr viel Phantasie für im Vergleich zu den anderen MK drin:

"...In summary, the report estimates a total Indicated resource of 148.02 million metric tonnes ("MMT") grading 23.44% K2O and an additional Inferred resource of 229.16 MMT grading 20.40% K2O..."

macht Inf+Ind = 377 Mio t - und das auf 17% dem aktuell angefangenen Gebiet; bzw. 5% der Gesamtliegenschaft von Raytec...........
keine schlechten Aussichten!

dukezero schrieb am 11.06.2008, 09:52 Uhr[/url]"]» zur Grafik

 

[dukezero]

 

[dukezero]

aus WO von gruenni22: Palladon

Das ist keine Sache, die einfach so entschieden wurde. Das war das Ziel von Don schon seit 6-12 Monaten. Und er hat es mit diesem Deal hoffentlich geschafft. Ich habe Don schon vor Monaten gesagt, das das ein guter Deal wäre. Sicherlich ist vielleicht nicht alles perfekt an dem Deal. Man sollte nicht vergessen, das Luxor auch über die letzten 3 Jahre Geld in das Projekt investiert hat. Ich denke das sollten sicherlich so 7-10 Mio gewesen sein. Luxor ist der Grund wieso wir noch immer noch nicht in Produktion sind. Mit dem Deal werden wir zu unserem eigenen Chef...

Ich habe vor 1-2 Monaten Don vorgeschlagen Luxor eine Royality vorzuschlagen.
Ich denke Palladon wird das Konzentrator Szenario so schnell wie möglich in die Tat umsetzen. Man sollte nicht vergessen, das sie durch das PP etwas mehr Cash in die Kasse bekommen als sie benötigen....

Wir bekommen ca 56,5 Mio $ in die Kasse durch das PP. 40 Mio gehen an Luxor. Das heisst wir haben noch 16,5 Mio in der Kasse. Ich gehe derzeit von einem Cash Stand von 2,5 Mio aus. DAs heisst wir hätten 19 Mio. Davon werden 5-7 Mio für den Ausbau der Mine benötigt. Das heisst wir haben 11(10 mio ist einfacher zu rechnen) Mio noch in der Kasse. Davon würde man vermutlich direkt die Geräte wie eine 2. Ball Mill etc. ordern, da die Lieferzeiten hierfür ja etwas länger sind...

die 2 Rate von Luxor besteht aus 35 Mio $
Gehen wir mal davon aus, das wir in den ersten 12 Monaten einen Cash Flow von 50 Mio generieren. Das wäre die untere von Palladon angegebene Grenze.
Das heisst in den nächsten 12 Monaten hätten wir weitere 15 Mio Cash für den Ausbau der Mine zur Verfügung.

Das heisst in den nächsten 12 Monaten hätten wir 25 Mio zur Verfügung für den Ausbau der Mine.

Dazu kommen:
21.5 Mio aus den Warrants zu 1 $
8-9 Mio aus den übrigen Warrants
______
30 Mio

Das heisst wir könnten wenn alles positiv läuft über die nächsten 12 Monate 50-55 Mio Cash in die Kasse von Palladon bekommen.
Wir brauchen 76 Mio um 4 Mio Tonnen Concentrat zu produzieren. Also würden uns hier ca 20 Mio fehlen. Ich denke eine Finanzierung hierfür zu finden, wäre nicht das Problem.

Was springt aber bei den ganzen Szenarien für Palladon dabei raus:

2 Mio Tonnen Run of mine : 50-60 Mio
4 Mio Tonnen Run of mine : 100-120 Mio
2 Mio Tonnen Concentrat: 100-120 Mio
4 Mio Tonnen Concentrar: 200-240 Mio

Wir könnten innerhalb von 1,5 Jahren 4 Mio Tonnen Concentrat liefern mit einem Gewinn von 200-240 Mio
Bei einem Faktor von 5-10 könnt ihr euch selbst ausrechnen, was eine faire Bewertung hierfür wäre.

Derzeit haben wir fd
95,280,000 Aktien derzeit
85,106,383 PP
21,500,000 Warrants
___________
201,886,383

Also ich denke wir werden am Ende so 205 Mio Aktien haben.


Die nächsten Schritte sollten sein:
1. PP schließen
2. Update zum derzeitgen Stand des Projektes
3. Zeitplan für Update der Mine plus Bestellungen der Zeitkritischen Teile
4. Erster Zug rollt

Ich hoffe Palladon würde von dem Cash Flow einen Teil auch in die argentinischen Properties fließen lassen. Denn dort ist sicherlich auch einiges an Potential vorhanden. Und das bischen Geld(3-5 Mio) würde Palladon bald nicht mehr weh tun.

Mit dem Deal wird Palladon auch als Übernahmekandidat interessant.
Ich denke sobald das PP geschlossen ist und wir ein Update zum Projekt erfahren werden, wird der Kurs sich in der Range von 80-1,20 einpendeln.

 

[dukezero]

Rohstoffe-Go - Stuttgart Der brasilianische Minengigant Vale plant Gerüchten zufolge Aufkäufe von Minengesellschaften. Zur Verfügung steht eine Kriegskasse von 30 Milliarden USD. Als Ziele für eine mögliche Übernahme kursieren die Unternehmen Anglo American, Freeport-McMoran Copper and Gold und Alcoa Inc..

Um die Übernahme zu finanzieren sollen weitere Aktien ausgegeben werden. Die Übernahme von Xstrata war im März diesen Jahres endgültig gescheitert, trotz Rekord-Übernahmeofferten von bis zu 90 Milliarden USD.

 

[dukezero]

Barrick Gold und Novagold führen auf dem Donlin Creek Projekt in Alaska eine Machbarkeitsstudie durch. Die Produktion dürfte 1,5 Millionen Unzen pro Jahr betragen, die Errichtung der Mine wird mit 2012 anvisiert.

 

[greenhorn]

mal wieder was in meinem "berüchtigtem" Format...............

Das Unternehmen
Raytec i
ist ein breit aufgestelltes
kanadisches Explorationsunternehmen.
Im Fokus befinden sich
derzeit drei Projekte. Dazu zählen
verschiedene Eisenerz-Projekte in
der kanadischen Provinz Ontario.
Beim El Sol und Gunflint-Projekt
liegen dabei sogar historische Ressourcenschätzungen
vor. Zudem
gibt es noch das Uran-Projekt im
Athabasca Becken in Kanada. Bei
diesen Projekten sollen in der nahen
Zukunft die Explorationsaktivitäten
vorangetrieben werden. Doch
steht das Kalium-Projekt bei Raytec
Metals zunächst im Fokus.

Das Projekt

Das Hauptprojekt der kanadischen
Firma ist ohne Frage das
Kaliumprojekt mit dem sperrigen
Namen KP441. Diese Fläche ist insgesamt
198.720 acres (also 80.400
ha ) groß. Es befindet sich mitten
im wichtigsten Abbaugebiet für
Kalium in Nordamerika, in der kanadischen
Provinz Saskatchewan.
In dieser Region gibt es schon seit
langer Zeit produzierende Minen,
aber in den vergangenen Jahren
auch vermehrt Explorationsaktivitäten.
Das hat dazu geführt, dass alle
verfügbaren Explorationslizenzen
für Kalium in dieser Provinz mittlerweile
vergeben sind. Für dieses..................................das hat sich geändert!
Gebiet gibt es noch keine NI-43-
101-konforme Ressourcenschätzung.
Was jedoch vorliegt, sind
einige historische Bohrergebnisse.
In dieser Region hatte im Jahr 1969
Canadian Explorations zwei Probelöcher
gebohrt.
Diese legen nahe, dass die in diesem
Claim abgesteckten Bereiche
ein Teil der großen Kalium-Vorkommen
Patient Lake und Belle Plain
sein könnten. Allerdings haben sich
seit dieser Zeit die Standards sehr
stark verändert. Daher weist das
Unternehmen ausdrücklich darauf
hin, dass die vorliegenden Ergebnisse
von bis zu 28,77% K2O nur
als historischer Anhaltspunkt zu
verstehen sind. Um aber hier mehr
Klarheit zu erlangen, hat Raytec
ein Bohrprogramm auf den Weg
gebracht. Das erste Ergebnis soll
dann eine NI-43-101-konforme
Ressourcenschätzung sein.

Raytec Metals

Das Management

Brian Thurston, President: Von
seinen 15 Jahren in der Minenindustrie
hat Brian Thurston rund 12
Jahre in Lateinamerika verbracht.
Einen sehr guten Ruf hat er sich
dabei in Ecuador erarbeitet, wo er
die ersten Explorationsaktivitäten
auf dem jetzigen Gelände von Aurelian
Resources vorangetrieben hat.
In den Jahren 2004 und 2005 war
er der verantwortliche Manager bei
Aurelian Resources für alle Liegenschaften
in Ecuador. Zuletzt war
er als Projekt-Manager für Pacific
Ridge Exploration tätig und war dabei
maßgeblich an der Entdeckung
des Lucky7-Uranvorkommens in
Kanada beteiligt.
J. Casey Forward (CFO & Director):
Der Finanzfachmann ist schon
seit 1985 im Geschäft. Seit dieser
Zeit hat er für zahlreiche Firmen
– auch aus dem Minensektor –
gearbeitet. Zudem ist er noch als
Direktor für andere Rohstofffirmen
tätig. Daher ist sein Wissen und
seine Erfahrung ein wichtiger Faktor
für die Arbeit bei Raytec.

Die Finanzierung

Erst Mitte April hat Raytec Metals
erfolgreich eine Finanzierungsrunde
abgeschlossen, die am 13. Februar
2008 angekündigt worden war. In
der ersten Tranche dieser Finanzierung
hat Raytec 3,83 Mio. CAD
erhalten. Diese Summe hat sich aus
der Ausgabe von insgesamt 8,63
Mio. Einheiten zu einem Preis von
0,45 CAD pro Einheit ergeben. Dabei
setzte sich eine Einheit aus einer
Aktie und einem halben Warrant
mit einem Ausübungspreis von 0,75
CAD und einer Laufzeit bis zum 25.
März 2010 zusammen.
Als Ergebnis der zweiten Tranche
hat das Unternehmen 581.500
CAD erhalten. Diese Summe wurde
durch die Ausgabe von 1,29 Mio.
Einheiten zu einem Preis von 0,45
CAD pro Einheit erzielt. Eine Einheit
sind in diesem Fall eine Aktie des
Unternehmens und ein halber Warrant
mit einem Ausübungspreis von
0,75 CAD und einer Laufzeit bis
zum 11.April 2010.
Fazit
Mit dem gerade aufgenommenen
frischen Kapital von 4,41 Mio. CAD
hat Raytec Metals genügend Liquidität,
um die Explorationsaktivitäten
beim Kalium-Projekt KP441voranzutreiben.
Auch wenn die historischen
Schätzungen offiziell nicht
mehr als Maßstab herangezogen
werden dürfen, so machen sie doch
eins klar: In dieser Gegend gibt es
Kalium. Die Aufgabe von Raytec
Metals ist es nun, herauszufinden
wie groß die Ressource einerseits
ist und ob es sich tatsächlich lohnt,
dieses Vorkommen abschließend zu
erschließen und dann in Produktion
zu bringen. Raytec bietet aber ohne
Frage eine interessante Chance in
diesem Wachstumssegment schon
frühzeitig auf einen neuen Explorer
in der wichtigsten kanadischen
Kalium-Provinz Saskatchewan zu setzten......................

 

[Steines]

jemand ne ahnung was beim fieldex-play visible gold mines los ist?
über 30% gestern in kanada

 

[greenhorn]

werden wohl News in der Pipeline sein................

Steines schrieb am 11.06.2008, 12:43 Uhr[/url]"]jemand ne ahnung was beim fieldex-play visible gold mines los ist?
über 30% gestern in kanada

 

[dukezero]

11.06.2008 13:17
IRW-News: First Majestic Silver

IRW-PRESS: First Majestic Silver: First Majestic Silver Corp. (News) : Bedeutende Erweiterung für die Silbermine La Encantada begonnen

First Majestic Silver Corp.: Bedeutende Erweiterung für die Silbermine La Encantada begonnen

First Majestic Silver Corporation meldet, dass die Erdarbeiten und Bauarbeiten für die neue Cyanidanlage mit einer Kapazität von 3.500 t pro Tag für die Silbermine La Encantada im mexikanischen Coahuila nächste Woche beginnen sollen. Die endgültige Genehmigung durch die mexikanischen Behörden ging letzte Woche ein, so dass die Erweiterung sofort beginnen kann.

Die Bauarbeiten für die neue Cyanidanlage sollen bis Februar 2009 abgeschlossen sein. Das Gesamtbudget für diese erhebliche Erweiterung der Anlage beläuft sich auf 21,6 Mio. US$ und hat, ausgehend von einer Rückzahlungsdauer von 14 Monaten und einem Silberpreis von 15,00 US$ pro Unze eine nicht diskontierte interne Rendite (IRR) von 80 %. In der Vergangenheit verfügte die Anlage bei La Encantada über eine Kapazität von 800 t pro Tag und verarbeitete Oxiderze aus der Mine in einer Flotationsanlage, die ein Blei-Silber-Konzentrat produzierte. Mit der Errichtung der neuen Cyanidanlage für 3.500 t pro Tag kann das Unternehmen mehr Silber gewinnen und als Fertigprodukt anstelle von Konzentrat Doré-Barren produzieren. Aufgrund der in den letzten 30 Jahren niedrigen Silberextraktion durch Flotation bei La Encantada sammelten sich enorme Ressourcen in den Rückständen der Erzaufbereitung, die mit einem Ressourcenbericht entsprechend der nationalen Vorschrift NI 43-101 vom 19. März 2008 durch das Unternehmen definiert wurden. Nach diesem Bericht gemäß der Vorschrift NI 43-101 existieren aus der Erzaufbereitung 4.916.085 t Rückstände mit einem durchschnittlichen Silbergehalt von 150 g/t. Ab 1. Quartal 2009 soll Silber sowohl durch die Erzförderung aus der Mine als auch durch Verarbeitung der bisherigen Rückstände der Erzaufbereitung gewonnen werden. Durch diese Erweiterung kann die Produktion auf 3.500.000 Unzen Silber im Jahr 2009 und 4.000.000 Unzen Silber im Jahr 2010 gesteigert werden. Produziert werden sollen dann Doré-Silberbarren anstelle von Konzentraten, so dass die Kosten für Transport, Raffininierung und Verhüttung des Fertigprodukts deutlich sinken und sich die Profitabilität der Mine La Encantada erhöht.

Die metallurgischen Prüfungen des Cyanidprozesses wurden durch das SGS Metallurgical Laboratory im mexikanischen Durango durchgeführt. Dazu wurden die verschiedenen Erze und die zu verarbeitenden Rückstände der bisherigen Erzaufbereitung analysiert. Die metallurgischen Tests bestätigten von der Fa. Peñoles bereits 1985 durchgeführte Analysen.

Nach dem Erweiterungsplan des Unternehmens sollen 700 t Roherz aus der Mine mit einem durchschnittlichen Silbergehalt von 350 g/t und einer Gewinnung von 78 % sowie 2800 t Rückstände der bisherigen Erzaufbereitung durch Flotation mit einem durchschnittlichen Silbergehalt von 150 g/t und einem Gewinnungsgrad von 50 % gemeinsam verarbeitet werden, so dass insgesamt 60 % des Silbers gewonnen werden. Dieses Erweiterungsprojekt zeigt, dass First Majestic seine aggressiven Pläne für weiteres Wachstum bei jedem seiner Geschäftsbereiche umsetzt, von denen nach Meinung des Managements die Aktionäre des Unternehmens deutlich profitieren werden. Die Mine La Encantada soll die Silberproduktion im kommenden Jahr verdoppeln und das Silber zu 100 % in Form von Doré-Barren produzieren, so dass die Frachtkosten sowie die Kosten für die Verhüttung sinken und das Unternehmen bei diesem wichtigen Metall eine höhere Wertschöpfung erreicht.

Das laufende aggressive Erschließungs- und Explorationsprogramm des Unternehmens bei La Encantada wird fortgesetzt, um die Vorkommen an Oxid- und Sulfiderzen in der Mine zu erweitern. Zusätzlich zur Erweiterung der Erzmühle sollen 2008 insgesamt 8.160 m unter Tage erschlossen werden. Zurzeit arbeiten drei Bohranlagen unter Tage, die im Jahr 2008 7.600 m bohren sollen. Ergänzend zu diesem Erschließungs- und Explorationsprogramm arbeitet zurzeit ein Geophysikerteam am Standort La Encantada an einem regionalen geophysikalischen Vermessungsprogramm für 46 km.

Das Explorationspotenzial auf der insgesamt 2.900 Hektar großen Liegenschaft La Encantada ist sehr hoch, da sich die Förderung aus der Mine und die derzeitigen Ressourcen und Reserven nur auf einen kleinen Teil der Liegenschaft mit einer Fläche von gerade einmal 100 Hektar beschränken. Das aktuelle Erschließungs- und Explorationsprogramm des Unternehmens konzentriert sich darauf, bekannte Gebiete zu definieren sowie neue Bohrziele zu sondieren und dürfte deutlich höhere Reserven und Ressourcen ergeben. Das Unternehmen geht davon aus, dass der nächste aktualisierte Bericht gemäß der Vorschrift NI 43-101 für die Silbermine La Encantada Ende 2008 fertiggestellt sein wird.

First Majestic ist ein produzierender Silberförderer, der sich auf Mexiko konzentriert und aggressiv sein Ziel verfolgt, durch Entwicklung seiner vorhandenen Vermögenswerte und den Erwerb weiterer Projekte, die zu den Wachstumszielen des Unternehmens passen, zu einem führenden Silberproduzenten zu werden.

Weitere Informationen erhalten Sie von info@firstmajestic.com, oder auf unserer Website unter www.firstmajestic.com oder unter unserer gebührenfreien Rufnummer +1.866.529.2807.

FIRST MAJESTIC SILVER CORP.

 

[dukezero]

 

[Fischlaender]

bei Raytec ist uebrigens auch der Lateegra Direktor Verrico an Bord, wenn der LRG auf eine aehnliche MK bringt, dann waer ich nicht boese

Verrico war u.a. auch bei Candentes Boersengang instrumental

 

[greenhorn]

hast du eigentlich ne Datenbank? - bin immer wieder erstaunt wen du von wo kennst!

Fischlaender schrieb am 11.06.2008, 13:39 Uhr[/url]"]bei Raytec ist uebrigens auch der Lateegra Direktor Verrico an Bord, wenn der LRG auf eine aehnliche MK bringt, dann waer ich nicht boese

Verrico war u.a. auch bei Candentes Boersengang instrumental

 

[Global_Investor]

Trade Winds muss mal wieder nach oben

 

[dukezero]

Jun 11, 2008 08:01 ET
Triangle Petroleum Announces Results for the First Quarter of Fiscal Year 2009

CALGARY, ALBERTA--(Marketwire - June 11, 2008) - Triangle Petroleum Corporation (the "Company" or "Triangle") (OTCBB:TPLM) today reported financial and operational results for its first quarter of the fiscal year ended January 31, 2009.

Financial Summary

The Company incurred a net loss of $1.8 million ($0.04 net loss per diluted share) for the first quarter of fiscal 2009 compared to a net loss of $3.4 million ($0.11 net loss per diluted share), for the first quarter of fiscal 2008. A primary contributor to the decrease in the loss was a significant reduction in stock based compensation expense, which is a component of general and administrative expenses. Revenue for the first quarter of fiscal 2009 totaled $0.2 million which was derived from producing wells in the Company's Barnett and Alberta Deep Basin projects compared to approximately $0.1 million in the first quarter of fiscal 2008.

In the first quarter of fiscal 2009, the Company spent $2.4 million on investing activities mainly related to shale gas exploration in the Maritimes Basin of Eastern Canada for completion and testing of two vertical test wells which were drilled in the third quarter of fiscal 2008. In the same quarter of fiscal 2008, the Company invested $2.6 million.

At April 30, 2008, cash and cash equivalents totaled $1.2 million. On June 4, 2008, Triangle announced that it raised $25.5 million through the private placement of 18,257,500 units priced at $1.40 per unit. Each unit consists of one share of common stock and one-half of a warrant. One full warrant can be exercised into one share of common stock for a period of two years at a price of $2.25 per share. The net proceeds of $23.6 million have been used to repay $4 million of secured convertible debentures and will be used to fund a portion of the drilling program in the Maritimes Basin and for general working capital. Canaccord Adams Inc. acted as placement agent for this offering.

Mark G. Gustafson, Triangle's Chairman, President and CEO, commented, "Our recently completed funding provides us with the working capital and strong balance sheet we need to focus our attention on the development of our Maritimes Basin shale gas project. We are reviewing that project with several potential joint venture partners and look forward to selecting one in the near future and to move forward aggressively with our drilling plans. Our capital investment program for the balance of this year will be directed almost exclusively to that area.

Operations Summary - Maritimes Basin (Nova Scotia)

During the first quarter, Triangle announced that its independent reserves evaluation engineering firm, Ryder Scott Company Petroleum Consultants ("Ryder Scott") had estimated the resource potential for the Company's Horton Bluff Shale in the Windsor Block of Nova Scotia to be 69 trillion cubic feet ("TCF") of original gas-in-place. Ryder Scott calculated gas-in-place at the Kennetcook ("KC") #1 well using the Company's extensive database of log and core data for the well, mapped the rock volume within Triangle's seismic survey, correlated the well to the seismic, and then determined the resource potential of the seismically-delineated area. A 3-D seismic survey of 16,200 acres (25 square miles), which contains the two test wells drilled to date, is encompassed within the overall 2-D seismic area. Within this subset land block, Ryder Scott estimates a resource potential of 3 TCF, which is included in the 69 TCF total. Triangle's 2-D seismic database consists of 142 linear miles of recently-shot, high quality data. This resource assessment covers only 40% of the Company's land block that is delineated by seismic.

Both Ryder Scott and Triangle do not purport to classify any of the resource potential as reserves, under any definition of reserve category. For a complete copy of the Ryder Scott Resource Assessment Report, please visit www.trianglepetroleum.com.

Triangle is preparing to conclude its follow up work on the KC #2 vertical test well. This vertical test well has flowed up to 60 thousand cubic feet of gas per day. Following the installation of an electric submersible pump, all frac water and a small amount of formation water have been recovered from the well. The formation water appears to be limited in volume and the Company believes the water source has been substantially depleted and does not appear to significantly impede gas flow. The Company will complete a pressure buildup test to further enhance its understanding of reservoir properties and frac effectiveness. No material new information is expected to be gathered from this test.

Howard Anderson, Triangle's Vice-President of Engineering and Chief Operating Officer, stated, "We continue to be pleased with the results of our two initial test wells in the Windsor Block along with all the analyses that have been done on these wells. Both the KC #1 and KC #2 vertical test wells have fulfilled their purpose by contributing valuable geological information, which led to the Ryder Scott Resource Potential report. Our work on both wells is effectively complete and we will now use the data collected from them and our extensive seismic database to move forward with our plans to drill and complete a multi-well program before the end of calendar 2008."

Conference Call Information

Triangle has scheduled a conference call to review first quarter fiscal 2009 results today at 11:00 a.m. eastern time. To participate in the conference call, callers in the United States and Canada can dial (866) 845-8624 and international callers can dial (706) 634-0487. The Conference I.D. for all callers is 51403049.

The call will be available for replay beginning two hours after the call is completed through midnight of June 15, 2008. For callers in the United States and Canada, the toll-free number for the replay is (800) 642-1687. For international callers the number is (706) 645-9291. The Conference I.D. for all callers to access the replay is 51403049.

About Triangle Petroleum Corporation

Triangle is an exploration company focused on emerging Canadian shale gas projects covering 584,000 gross acres in the Maritimes Basin in Nova Scotia and New Brunswick. An experienced team comprising technical and business skills has been formed to optimize the Company's opportunities through its operating subsidiaries, Triangle USA Petroleum Corporation in the United States and Elmworth Energy Corporation in Canada.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable, possible and potential, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-KSB, File No. 0-51321, available from us at Suite 1250, 521-3rd Avenue SW Calgary, Alberta, Canada, T2P 3T3. You can also obtain this form from the SEC by calling 1-800-SEC-0330.

Examples of such disclosures would be statements regarding "probable," "possible," or "recoverable" reserves among others.

 

[dukezero]

SOURCE: Tournigan Energy Ltd.
Jun 11, 2008 08:30 ET
Tournigan Discovers New High Grade Uranium, Confirms Historical Data at Novoveska Huta, Slovakia

VANCOUVER, BC--(Marketwire - June 11, 2008) - Tournigan Energy Ltd. (TSX-V: TVC) (FRANKFURT: TGP) today reported drill results taken from 12 diamond drill holes totaling 5,540 metres on its Novoveska Huta uranium deposit in Eastern Slovakia. The holes, drilled to depths of between 200 to 657 metres, were designed to twin historical holes as well as explore the deposit to the east and provide structural analysis of the deposit.

The company continues to intercept significant thicknesses and uranium grades on the deposit which confirms historical data and extends the resource. Notably, new high grade material, including 7.6 metres of 0.399 %eU308, was discovered in hole LH-NH-4, approximately 600 metres east of the historical underground workings. Additional mineralization was also intersected in LH-NH-11 a further 175 metres east of LH-NH-4.

Highlights from the downhole radiometric logging include:

--------------------------------------------
Hole From To Length eU3O8%
--------------------------------------------
LH-NH-4 494.2 501.8 7.6 0.399
--------------------------------------------
including 494.3 497.3 3.0 0.791
--------------------------------------------
LH-NH-13 287.4 326.1 38.7 0.132
--------------------------------------------
including 289.9 294.4 4.5 0.241
--------------------------------------------
including 296.9 305.3 8.4 0.220
--------------------------------------------
LH-NH-11 605.3 618.5 13.2 0.158
--------------------------------------------
including 605.3 614.3 9.0 0.194
--------------------------------------------
including 609.6 611.7 2.1 0.299
--------------------------------------------
LH-NH-8 359.9 371.1 11.2 0.107
--------------------------------------------
including 362.4 366.3 3.9 0.201
--------------------------------------------
LH-NH-1 360.3 365.2 4.9 0.115
--------------------------------------------
LH-NH-1 374.9 380.5 5.6 0.161
--------------------------------------------
LH-NH-9 386.1 395.4 9.3 0.103

Details of the 12-hole program are listed in Appendix A or may be viewed on Tournigan's web site: http://www.tournigan.com/i/pdf/2008-06-11_NR-Appendix-A.pdf. A plan map detailing hole locations and previous underground workings may be viewed from the link below: http://www.tournigan.com/i/maps/2008-06-11_NRM.jpg.

"This drill campaign has confirmed and in many cases improved upon the results from historic drilling," said Tournigan President, James Walchuck. "We are especially encouraged by the new higher grade mineralization found further to the east of the historical deposit."

Previous work on the property included 5.5 km of underground development and test workings on five vertical levels and 43 deep-drill holes which were the source for a historical estimate by Uranpres s.r.o. in 2005. The historical resource estimate at Novoveska Huta reported 19,970,000 pounds of uranium contained in 12 million tonnes at an average grade of 0.075% U3O8 (cutoff grade 0.015% U308). *

Tournigan will analyze the data from 662 chip samples, the historic drill holes and its own drill campaign to build an updated resource model on the deposit, which will provide the basis for a NI 43-101 estimate by fourth quarter, 2008.

The drill results reported are from one hole drilled in 2006, nine drilled in 2007 and two in 2008. Two holes did not encounter significant mineralization. Hole LH-NH-5 was drilled to verify mineralization in the tectonic zone and Hole LH-NH-6 was drilled to verify continuity of deposit to the west. Tournigan is now focusing on exploring the deposit to the east of the previous workings.

The uranium grades referred to above are reported as equivalent uranium (eU3O8) as determined by downhole radiometric logging equipment. The logging was performed by Koral, s.r.o. of Slovakia. Quality control and quality assurance is being provided by Ravi Sharma, Tournigan's Manager Resources and Reserves.

Joseph Ringwald PEng., Tournigan's VP Sustainable Development, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained herein.

On behalf of the Board of Directors of
TOURNIGAN ENERGY LTD.

"James Walchuck"
James Walchuck, President and CEO

* The Company has reviewed the above historical resource estimates and views them relevant. The Company believes that the historical resource estimates are reliable based on the historic exploitation of Slovak deposits in general and metallurgical test records acquired with the Company's deposits in particular. The above Slovak Resource Category is a combination of P and Z-3, which is roughly analogous to the Canadian Institute of Mining, Metallurgy and Petroleum's definition for Inferred Resources. The Company has not, however, done the work necessary to verify the classification of the resources and the resources are not classified according to CIM's Standards on Mineral Resources and Reserves Definitions. Investors are cautioned not to rely upon these estimates. Uranium metal (U) grades were converted to uranium oxide (U3O8) grades using a factor of 1.17924.

Forward-looking statements: Certain of the statements made herein, including any information as to the Corporation's future financial or operating performance, may be forward-looking and subject to important risk factors and uncertainties, many of which are beyond the Corporation's ability to control or predict. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to update publicly or release any revisions to forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "measured," "indicated," and "inferred," "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 40-F which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.

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

 

[greenhorn]

Jun 11, 2008 08:30 ET
Tenajon Intersects 76.52 Metres Averaging 0.131% Molybdenum at Moly Brook, Newfoundland
Drilling Expands the Moly Brook Deposit to the West and to Depth
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2008) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") today announced the completion of the first phase 2008 exploration drill program at its Moly Brook property, located on the south coast of Newfoundland. Complete assay results have been received for one hole, while partial results were received for another.

"We are very pleased with the first set of assay results. The Moly Brook zone is proving to be not only wider and deeper than what was shown in the 2007 drill program, but it is also demonstrating excellent down dip continuity," said Bruce McLeod, President & CEO of Tenajon. Mr. McLeod adds, "Molybdenum mineralization extends to surface and we are witnessing consistent grades in excess of 0.08% molybdenum over significant widths. The Moly Brook deposit is demonstrating all the key ingredients of a potential bulk tonnage and open pittable deposit. Based on these positive results, we will keep the drills at site and continue on with a Phase 2 drill program."

In the Phase 1 drill program, approximately 6,100 meters of drilling was completed in fourteen drill holes. Due to the favourable assay results in the first two holes and visual estimations of the remaining twelve holes, the Company has commenced a 3,050 metre Phase 2 drill program. Drill results received to date indicate that the Moly Brook zone continues at depth, is open to the west of previous drilling, demonstrates excellent down dip continuity, and molybdenum mineralization extends to surface.

Holes MB08-13 and 14 were drilled to test the continuity of the mineralization intersected in Hole MB07-05 on Section 10720 N. MB08-13 tested the zone up dip and to the west of what was interpreted to be the western boundary of the zone while MB08-14 tested the zone from 100 to 170 metres down dip. MB08-13 intersected a 409.14 metre section, commencing from surface, averaging 0.061% molybdenum (0.102 MoS2). Within the intercept there are several high grade intersections including a 30.48 metre section averaging 0.119% molybdenum (0.198 MoS2) and a 54.94 metre intercept averaging 0.094% molybdenum (0.157 MoS2). MB-08-14 intersected a 250.50 metre section averaging 0.072% molybdenum (0.120 MoS2) including a 76.52 metre section averaging 0.131% molybdenum (0.218 MoS2). The results for MB08-14 have been received to 337.50 metres and assay results for the remainder of the hole are pending. The results of MB07-5 along with that of Holes MB08-13 and part of 14 are reported at the end of this press release. For current drill hole locations along with a detailed cross section, please view the accompanying maps:

To view drill hole location map please click on: http://media3.marketwire.com/docs/tjs0611a.jpg

To view cross section please click on: http://media3.marketwire.com/docs/tjs0611b.jpg

Tenajon has also received the results of a 1960's soil sample program from the south end of the property showing widespread anomalous molybdenum values. The anomaly was partially drilled in 1964 with both holes intersecting anomalous molybdenum values including a 27.43 metre intercept averaging 0.057% molybdenum. The location of this potential zone is approximately 1.8 kilometres south of the Moly Brook Deposit along a trend of anomalous molybdenum in soil and rock referred to as the Moly Brook Trend. Historic data was collected before the implementation of NI 43-101 and is presented only for information purposes. The Company has no way of verifying the results. Investors are cautioned that recent independent verification has not been completed and the historical results should not be relied upon.

The Moly Brook property is located 2.5 km from the hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free navigable fjord. The community is serviced daily by provincial ferries. For the duration of the program the crew will operate out of a recently established 25 person camp centrally located on the property. Drill moves are completed using tracked equipment.

Assuming a subvertical orientation, the results show the zone on Section 10720 N to be in excess of 450 metres wide and open to the west. Vertically the zone has been traced 250 metres and is open at depth.

Tenajon has received from the Newfoundland Government a molybdenum in soil traverse map documenting the results of a soil survey completed in the 1960's by Buchans Mining at the south end of the property. The map shows anomalous molybdenum to occur over a 200 x 300 metre area. Within the zone molybdenum values reportedly range from less than 25 to in excess of 1000 ppm. In 1964 two packsack drill holes tested portions of the zone. Both holes intersected anomalous molybdenum values. Results included a 27.43 metre section averaging 0.057% molybdenum with the final 7.61 metres averaging 0.118% molybdenum. Historic data was collected before the implementation of NI 43-101 and is presented only for information purposes. The Company has no way of verifying the results. Investors are cautioned that recent independent verification has not been completed and the historical results should not be relied upon.

At Moly Brook molybdenite occurs primarily along the rims of a series of north trending, subvertical, sheeted quartz veins and fracture faces along a 2 km long trend. Drilling at the north end of the trend has traced the main zone for 750 metres along strike with the zone being open along strike and dip. Width is variable to 450 metres with the ultimate width of the zone not determined as several of the holes ended in significant mineralization.

The drill program at Moly Brook is being completed by Geoscott Consultants under the supervision of Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101.

At Moly Brook, drill core is sawn into halves with one half being sent for analysis and the other kept for future reference. All samples are prepared at Accurassay Labs, Gambo, Newfoundland using a 600 gram split with the resultant pulp being analyzed at Accurassay Labs, Thunder Bay, Ontario using a 4 acid digestion with analysis by Induced Couple Polarization (ICP). A stringent program of check, blank and duplicate sampling is employed throughout with duplicates, standards and blanks being entered into the sample stream at regular intervals.

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

D. Bruce McLeod, President

Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.




2008 Moly Brook Drill ResultsTo accompany Tenajon Resources News Release Dated June 11, 2008
-------------------------------------------------------------------- Length From To Interval Mo MoS2Hole (m) (m) (m) (m) (%) (%)--------------------------------------------------------------------MB-08-13 410.67 1.53 410.67 409.14 0.061 0.102-------------------------------------------------------------------- or 108.81 349.60 240.79 0.074 0.123-------------------------------------------------------------------- inc. 127.15 157.58 30.48 0.119 0.198-------------------------------------------------------------------- inc. 215.49 270.43 54.94 0.094 0.157-------------------------------------------------------------------- inc. 307.01 322.17 15.16 0.092 0.153-------------------------------------------------------------------- inc. 340.64 349.60 8.61 0.099 0.165-------------------------------------------------------------------- 386.28 404.57 18.29 0.071 0.118--------------------------------------------------------------------
--------------------------------------------------------------------MB08-14 401.4 87.48 337.50 250.50 0.072 0.120-------------------------------------------------------------------- inc. 87.43 114.91 27.43 0.073 0.122-------------------------------------------------------------------- or 200.03 337.50 137.47 0.092 0.153-------------------------------------------------------------------- inc. 200.03 276.52 76.52 0.131 0.218-------------------------------------------------------------------- and 316.16 337.50 21.34 0.080 0.133--------------------------------------------------------------------
--------------------------------------------------------------------MB07-5 317.91 31.39 317.91 285.52 0.074 0.123-------------------------------------------------------------------- inc. 31.39 37.49 6.05 0.137 0.228-------------------------------------------------------------------- and 55.78 83.21 27.43 0.095 0.158-------------------------------------------------------------------- and 128.93 152.10 23.17 0.099 0.165-------------------------------------------------------------------- and 208.18 317.91 109.8 0.085 0.142-------------------------------------------------------------------- and 296.57 317.91 21.34 0.088 0.147--------------------------------------------------------------------




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

For more information, please contact

Tenajon Resources Corp.
Bruce McLeod
Investor Contact
(604) 687-7545

or

Tenajon Resources Corp.
Brad Kopp
Investor Contact
(604) 687-7545
(604) 689-5041 (FAX)
Website: www.tenajon.com

 

[dukezero]

 

[dukezero]

Jun 11, 2008 08:31 ET
Halo Expands Land Position in West Red Lake

TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Lynda Bloom, President and CEO of Halo Resources Ltd. (TSX:HLO)(FRANKFURT:HRL) is pleased to announce that a Letter of Intent ("LOI") has been signed with Tribute Minerals Corporation ("Tribute") to acquire up to a 75% interest in 9 claim units (144 hectares) situated in Ball Township, Red Lake Mining Division (the "Property") and adjacent to the Red Lake Gold Mines-Halo West Red Lake ("WRL") joint venture property currently being explored by Halo Resources Ltd. ("Halo", "the Company").

There are several known gold occurrences on the Property which has seen intermittent exploration since the 1930s. Gold mineralization is hosted in quartz veins that crosscut iron formation and cherty dolomite. In 1963, Cochenour Mines reported assays for channel samples up to 22.9 g/t gold over 4.8 m and up to 26.7 g/t over 0.66 m in a subsequent drill program. Redbird Gold Corporation collected 111 channel samples from trenches on the property of which 32 samples returned values greater than 0.5 g/t gold and eight samples assaying between 15.6 and 42.3 g/t gold. Tribute's follow up 2002 drill campaign of 939m confirmed the presence of encouraging gold mineralization associated with a zone of quartz-carbonate veining , which occupies a northerly trending structurally controlled feature.

The northeast corner of the Property is adjacent to the Bridget Lake North Shore showing (see Halo press release January 30, 2008) where trench samples reported up to 59.8 g/t gold, 137 g/t silver and 1.1% copper.

"The WRL joint venture property hosts high-grade mineralization, such as the Bridget Lake North Shore showing, on the east boundary of the Tribute claims. To the west, as far as Pancake Bay there are additional known gold occurrences and we now have the opportunity to explore the full 3,000m strike length of this highly prospective iron formation," says Lynda Bloom.

Pursuant to the LOI, Halo will have an option to earn a 65% interest by making payments of $25,000 and issuance of 50,000 common shares on signing and on the first anniversary of the agreement, and issuance of a further 300,000 shares on exercising the option or no later than the second anniversary of the agreement. Halo shall during the Due Diligence Period seek regulatory and stock exchange conditional approval to the issuance and delivery of the Option Shares. In the event Halo exercises the option, the two companies will form a joint venture in which all future expenditures shall be made on a pro rata basis, with standard dilution formulas applied if either party elects not to participate in funding further exploration expenses. Halo will fund exploration and development to the point of completion of a Bankable Feasibility Study and in consideration of doing so shall acquire from Tribute an additional 10% interest in the property. In the event either party is diluted to a joint venture interest of 10% or less, that interest shall be automatically converted to a 1% net smelter return royalty ("NSR") with the right of the other party to purchase a 0.5% interest in the NSR for $500,000.

The property is subject to a 2% NSR in favour of Perry English of which one half can be purchased for $1 million.

About Halo Resources Ltd.

Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; West Red Lake, which is a gold exploration project, and the Sherridon project that is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects.