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Rohstoffthread (Archiv)
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Jun 24, 2008 10:26 ET
West Hawk Plans Coal Exploration in Canada
DENVER, COLORADO--(Marketwire - June 24, 2008) - West Hawk Development Corp. (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to provide this update on the Company's Canadian Exploration Projects: Groundhog in British Columbia, Tulita in Northwest Territories, and Ellesmere Island, Nunavut. The primary objective of the upcoming work programs will be to define potential coal resources on all three coal prospects in Canada. A qualified person has been hired from WEIR International Inc. ("WEIR") to perform sufficient work to classify the historical estimates as current mineral resources or mineral reserves. Tom A. Tveten, Chief Geologist of WEIR is an Independent Qualified Person (the "Qualified Person") as defined in NI 43-101 Standards of Disclosure for Mineral Projects for all 3 projects and is the author behind all 3 reports.
Work Summary of the past 14 months
- NI 43-101 Technical Reports prepared by WEIR have been filed for each project
- Coal Sampling and testing by Sasol for gasification; results show coal is suitable for gasification
- Talks with potential partners for new opportunities and partnerships
- Traditional Knowledge Study in NWT
- Preliminary Environmental assessment
- Discussions for offtake/future sales agreements
Groundhog (British Columbia)
West Hawk has an option to acquire a 100% interest of the Groundhog Coal Property and holds coal exploration licenses for 8,887 hectares in British Columbia, Canada. The coal quality ranges from low volatile bituminous to anthracite coal. The potential exploration target estimate within West Hawk's coal exploration licenses is 275-300 million in-place tonnes. The Groundhog Coalfields have been explored by Coastal Coal, National Joint Venture, B.C. Hydro, L.G. Scott, Groundhog Coal, Suncor, and Gulf beginning in the early 1960s and continuing until the mid 1980s. National Joint Venture and Imperial drilled a total of 12 holes, totaling approximately 2,051 metres, in the Discovery Creek and Evans Creek areas. In 1970 National Joint Venture drilled six holes, totaling approximately 1,034 metres, and in 1981 Imperial drilled six holes, totaling approximately 1,017 metres.
The NI 43-101 technical report can be seen online at http://www.westhawkdevelopment.com/doc/report/pdf/43101_groundhog.pdf
About Tulita (Northwest Territories)
The Company has 100% interest in exploration licenses covering 229,150 acres. The Tulita Report reveals that the Tulita Prospect contains approximately 1.544 billion in-place tonnes of historical resources with quality ranging from lignite to sub-bituminous coal. The coal samples have been successfully tested by Sasol-Lurgi for gasification. There are three prospect areas within the exploration licenses, referenced as Fort Norman, Seagull Island and Tate Lake. The Tate Lake Prospect Area is divided into three blocks; Northeast, Central and Plateau. The Seagull Island Prospect Area is divided into the North and South Blocks. Majority of the coal samples sent and tested by Sasol-Lurgi were taken from the Tate Lake Prospect area.
A two phase exploration program is proposed. Phase One of the drilling program would be conducted in the Seagull Island Prospect Area North Block, Seagull Island Prospect Area South Block and Tate Lake Prospect Area Northeast Block. Phase Two of the drilling program would be conducted in the Tate Lake Prospect Area Central and Plateau blocks.
The NI 43-101 technical report can be seen online at http://www.westhawkdevelopment.com/doc/report/pdf/43101_tulita.pdf
Ellesmere Island (Nunavut)
The Company acquired 100% of the right, title and interest in coal exploration licenses for areas located southeast of Eureka, Nunavut Territory. The licenses contain a total of 245,915 acres (99,518.26 hectares). Based on the Company's exploration licenses encompassing approximately 55 percent of Gulf's exploration licenses, the Nunavut Report reveals that the Nunavut Prospect contains a potential exploration target of approximately 3.025 to 3.162 billion in-place tonnes, with quality ranking from sub-bituminous B to lignite.
Eureka, the nearest community is located along Slidre Fiord, eight kilometers northwest of the coal prospect. The Nunavut Prospect consists of two properties, the North Fosheim Peninsula Property located on the east side of Eureka Sound on Ellesmere Island and the May Point Property located on the west side of Eureka Sound on Axel Heiberg Island.
The NI 43-101 technical report can be seen online at http://www.westhawkdevelopment.com/doc/report/pdf/43101_nunavut.pdf
Currently, all exploration potential is conceptual in nature including quantity and grade. Insufficient exploration work has been done on the properties and all estimates are historical. It is uncertain if further exploration will result in discovery of a mineral resource.
Financing Update
West Hawk has finalized a fiscal agency agreement ("Agreement") with Union, to help the Company finance its growth plans in Canada and internationally.
Under the terms of the Agreement, Union will help the Company review corporate finance options and provide guidance with respect to proposed public and private debt or equity financings and act as a sponsor, should the Company apply for listing on the Toronto Stock Exchange (TSX). Union has committed to helping the Company maximize assets value through numerous methods. Furthermore, Union will assist the Company using its extensive contacts in the coal sector to bring expertise where required.
Clarification of May 15th, 2008 News Release
"West Hawk also announced today that its May 15, 2008 news release announcing an aggregate 4,250,000 options granted to directors and officers inadvertently stated the expiry date of the options as March 18, 2010. The correct expiry date of the options is March 18, 2013. There are no changes to the number of options granted or the exercise price."
On behalf of the Board of Directors,
Wm. Mark Hart, President and Chief Executive Officer
About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Groundhog coal property located in northwest British Columbia; the Tulita coal property located in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary Note: This news release contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specially noted, are considered speculative. The Company has filed a National Instrument 51-101 Report on the Figure Four property. The Company has filed National Instrument 43-101 Reports for each of the Groundhog coal property in British Columbia, the Tulita coal property in the Northwest Territories, and the Nunavut coal property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration and development activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.
West Hawk Plans Coal Exploration in Canada
DENVER, COLORADO--(Marketwire - June 24, 2008) - West Hawk Development Corp. (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to provide this update on the Company's Canadian Exploration Projects: Groundhog in British Columbia, Tulita in Northwest Territories, and Ellesmere Island, Nunavut. The primary objective of the upcoming work programs will be to define potential coal resources on all three coal prospects in Canada. A qualified person has been hired from WEIR International Inc. ("WEIR") to perform sufficient work to classify the historical estimates as current mineral resources or mineral reserves. Tom A. Tveten, Chief Geologist of WEIR is an Independent Qualified Person (the "Qualified Person") as defined in NI 43-101 Standards of Disclosure for Mineral Projects for all 3 projects and is the author behind all 3 reports.
Work Summary of the past 14 months
- NI 43-101 Technical Reports prepared by WEIR have been filed for each project
- Coal Sampling and testing by Sasol for gasification; results show coal is suitable for gasification
- Talks with potential partners for new opportunities and partnerships
- Traditional Knowledge Study in NWT
- Preliminary Environmental assessment
- Discussions for offtake/future sales agreements
Groundhog (British Columbia)
West Hawk has an option to acquire a 100% interest of the Groundhog Coal Property and holds coal exploration licenses for 8,887 hectares in British Columbia, Canada. The coal quality ranges from low volatile bituminous to anthracite coal. The potential exploration target estimate within West Hawk's coal exploration licenses is 275-300 million in-place tonnes. The Groundhog Coalfields have been explored by Coastal Coal, National Joint Venture, B.C. Hydro, L.G. Scott, Groundhog Coal, Suncor, and Gulf beginning in the early 1960s and continuing until the mid 1980s. National Joint Venture and Imperial drilled a total of 12 holes, totaling approximately 2,051 metres, in the Discovery Creek and Evans Creek areas. In 1970 National Joint Venture drilled six holes, totaling approximately 1,034 metres, and in 1981 Imperial drilled six holes, totaling approximately 1,017 metres.
The NI 43-101 technical report can be seen online at http://www.westhawkdevelopment.com/doc/report/pdf/43101_groundhog.pdf
About Tulita (Northwest Territories)
The Company has 100% interest in exploration licenses covering 229,150 acres. The Tulita Report reveals that the Tulita Prospect contains approximately 1.544 billion in-place tonnes of historical resources with quality ranging from lignite to sub-bituminous coal. The coal samples have been successfully tested by Sasol-Lurgi for gasification. There are three prospect areas within the exploration licenses, referenced as Fort Norman, Seagull Island and Tate Lake. The Tate Lake Prospect Area is divided into three blocks; Northeast, Central and Plateau. The Seagull Island Prospect Area is divided into the North and South Blocks. Majority of the coal samples sent and tested by Sasol-Lurgi were taken from the Tate Lake Prospect area.
A two phase exploration program is proposed. Phase One of the drilling program would be conducted in the Seagull Island Prospect Area North Block, Seagull Island Prospect Area South Block and Tate Lake Prospect Area Northeast Block. Phase Two of the drilling program would be conducted in the Tate Lake Prospect Area Central and Plateau blocks.
The NI 43-101 technical report can be seen online at http://www.westhawkdevelopment.com/doc/report/pdf/43101_tulita.pdf
Ellesmere Island (Nunavut)
The Company acquired 100% of the right, title and interest in coal exploration licenses for areas located southeast of Eureka, Nunavut Territory. The licenses contain a total of 245,915 acres (99,518.26 hectares). Based on the Company's exploration licenses encompassing approximately 55 percent of Gulf's exploration licenses, the Nunavut Report reveals that the Nunavut Prospect contains a potential exploration target of approximately 3.025 to 3.162 billion in-place tonnes, with quality ranking from sub-bituminous B to lignite.
Eureka, the nearest community is located along Slidre Fiord, eight kilometers northwest of the coal prospect. The Nunavut Prospect consists of two properties, the North Fosheim Peninsula Property located on the east side of Eureka Sound on Ellesmere Island and the May Point Property located on the west side of Eureka Sound on Axel Heiberg Island.
The NI 43-101 technical report can be seen online at http://www.westhawkdevelopment.com/doc/report/pdf/43101_nunavut.pdf
Currently, all exploration potential is conceptual in nature including quantity and grade. Insufficient exploration work has been done on the properties and all estimates are historical. It is uncertain if further exploration will result in discovery of a mineral resource.
Financing Update
West Hawk has finalized a fiscal agency agreement ("Agreement") with Union, to help the Company finance its growth plans in Canada and internationally.
Under the terms of the Agreement, Union will help the Company review corporate finance options and provide guidance with respect to proposed public and private debt or equity financings and act as a sponsor, should the Company apply for listing on the Toronto Stock Exchange (TSX). Union has committed to helping the Company maximize assets value through numerous methods. Furthermore, Union will assist the Company using its extensive contacts in the coal sector to bring expertise where required.
Clarification of May 15th, 2008 News Release
"West Hawk also announced today that its May 15, 2008 news release announcing an aggregate 4,250,000 options granted to directors and officers inadvertently stated the expiry date of the options as March 18, 2010. The correct expiry date of the options is March 18, 2013. There are no changes to the number of options granted or the exercise price."
On behalf of the Board of Directors,
Wm. Mark Hart, President and Chief Executive Officer
About the Company: West Hawk Development Corp. is focused on providing valuable, high-demand energy products from a variety of sources. Assets include the Figure Four natural gas property located in the Piceance Basin, Colorado, being developed under a drilling and development agreement; the Groundhog coal property located in northwest British Columbia; the Tulita coal property located in the Northwest Territories; and the Ellesmere Island, Nunavut Territory coal property.
Cautionary Note: This news release contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specially noted, are considered speculative. The Company has filed a National Instrument 51-101 Report on the Figure Four property. The Company has filed National Instrument 43-101 Reports for each of the Groundhog coal property in British Columbia, the Tulita coal property in the Northwest Territories, and the Nunavut coal property. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration and development activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.
June 24, 2008 - Potash Update
Back up the Truck?
Many Potash stocks are looking increasingly oversold at these levels. While it is true that these Juniors have had a tremeandous runs this year, it is equally true that the demand for the product they are exploring for isn't going away....and not one Junior has started to drill yet.
Many Potash ivestors were also Uranium investors. Those who remember what key event caused Uranium equities to go balistic will point to Water, or flooding of Cameco's Cigar Lake mine as being the major catalyst for a huge surge in both equity pricing as well as the commodity pricing.
I wonder if water will again be a major catalyst, this time for the Potash juniors? Last night, the Globe published in their Blog Area (I guess we're not at a point yet in North America where food shortages are worthy of front page news) a piece entitled; After the flood: A fertiliser boom by David Berman [ref: http://www.theglobeandmail.com/servlet/story/RTGAM.20080623.WBmarkets20080623143718/WBStory/WBmarkets]
I highly recommend anyone who has any sort of ag/fert stocks should carefully read this, as the author points out some very near-term facts and potential happenings which may impact for portfolio.
Quick Hits:
- Paul Matysek President nd CEO of PotashOne [KCL.T] (Current leader of our Potash Pack) will speak on BNN this AM.
- US Potash Corp. [TEL.V] yesterday closed its $5 million private placement.
Best CDN & US Potash plays
KCL.T MADE THE JUMP TO TSX. Consider them the leader in the Junior space for which others should follow
PON.V Potash targets in the Saskatchewan potash Basin. Friedland - Lundin factor. Backed by Billionaires - Lundin and Friedland. The momentum appears to be unstoppable!
TEL.V It turns out that their acquisition of US Potash corp didn't just land them the best Potash prospective properties in the United States; they also got THE TOP Potash Exploration Geologist in the US (top 2 or 3 in the world), and the President of the American Landman Association. Top properties + Rock Star Geologist + #1 Landman = 100% Winner. As a side note, they have 3 million lbs of Uranium as well
RAY.V Located in the prolific Saskatchewan Potash district. Just put out a 43-101 on their potential billion dollar resource!
Long KCL - Canadian Potash Exploration play
Long PON - Canadian Potash Exploration play
Long RAY - Canadian Potash Exploration play
Long TEL - American Potash Exploration play
What Bubble???
With prices set on a yearly basis (not real time, not daily, not weekly, or even monthly...YES YEARLY!), there is literally nothing that can bring the current high Potash prices down for the next 11 months! In fact, last week, CIBC put out a report which forecast the price of Potash to double again next year. Potash currently trades at $450 a tonne. Before potash was discovered in New Mexico, Germany was the world's only supplier. In December 1915, when World War I cut trade between the United States and Germany, potash prices jumped from $35 per tonne to more than $500. In today's money, that's the equivalent of more than $10,571 per tonne!
Back up the Truck?
Many Potash stocks are looking increasingly oversold at these levels. While it is true that these Juniors have had a tremeandous runs this year, it is equally true that the demand for the product they are exploring for isn't going away....and not one Junior has started to drill yet.
Many Potash ivestors were also Uranium investors. Those who remember what key event caused Uranium equities to go balistic will point to Water, or flooding of Cameco's Cigar Lake mine as being the major catalyst for a huge surge in both equity pricing as well as the commodity pricing.
I wonder if water will again be a major catalyst, this time for the Potash juniors? Last night, the Globe published in their Blog Area (I guess we're not at a point yet in North America where food shortages are worthy of front page news) a piece entitled; After the flood: A fertiliser boom by David Berman [ref: http://www.theglobeandmail.com/servlet/story/RTGAM.20080623.WBmarkets20080623143718/WBStory/WBmarkets]
I highly recommend anyone who has any sort of ag/fert stocks should carefully read this, as the author points out some very near-term facts and potential happenings which may impact for portfolio.
Quick Hits:
- Paul Matysek President nd CEO of PotashOne [KCL.T] (Current leader of our Potash Pack) will speak on BNN this AM.
- US Potash Corp. [TEL.V] yesterday closed its $5 million private placement.
Best CDN & US Potash plays
KCL.T MADE THE JUMP TO TSX. Consider them the leader in the Junior space for which others should follow
PON.V Potash targets in the Saskatchewan potash Basin. Friedland - Lundin factor. Backed by Billionaires - Lundin and Friedland. The momentum appears to be unstoppable!
TEL.V It turns out that their acquisition of US Potash corp didn't just land them the best Potash prospective properties in the United States; they also got THE TOP Potash Exploration Geologist in the US (top 2 or 3 in the world), and the President of the American Landman Association. Top properties + Rock Star Geologist + #1 Landman = 100% Winner. As a side note, they have 3 million lbs of Uranium as well
RAY.V Located in the prolific Saskatchewan Potash district. Just put out a 43-101 on their potential billion dollar resource!
Long KCL - Canadian Potash Exploration play
Long PON - Canadian Potash Exploration play
Long RAY - Canadian Potash Exploration play
Long TEL - American Potash Exploration play
What Bubble???
With prices set on a yearly basis (not real time, not daily, not weekly, or even monthly...YES YEARLY!), there is literally nothing that can bring the current high Potash prices down for the next 11 months! In fact, last week, CIBC put out a report which forecast the price of Potash to double again next year. Potash currently trades at $450 a tonne. Before potash was discovered in New Mexico, Germany was the world's only supplier. In December 1915, when World War I cut trade between the United States and Germany, potash prices jumped from $35 per tonne to more than $500. In today's money, that's the equivalent of more than $10,571 per tonne!
ich mag deine kurzen knackigen Kommentare! 
- mancheiner würde nervös werden - du sagst einfach: Holt Schwung!
und wie sooft wirst du einfach Recht behalten..........
obwohl ich gestehen muß das ich spätestens heute mit nem fetten Aufschlag gerechnet habe
- mancheiner würde nervös werden - du sagst einfach: Holt Schwung!und wie sooft wirst du einfach Recht behalten..........
obwohl ich gestehen muß das ich spätestens heute mit nem fetten Aufschlag gerechnet habe
[url=http://peketec.de/trading/viewtopic.php?p=428661#428661 schrieb:
Die Vola wird jetzt so langsam bei diesen Plays abnehmen bis zu den Permits und Bohrungen, die ja anfangen bzw.am laufen sind.
Man kann an den Kerzen sehen was Marktteilnehmer denken. Darauf fusst mechanisches Computergesteuertes Trading. Ich habe mir beim Traden mit Rohstoffen dieses Wissen zunutze gemacht. Ist eigentlich ganz einfach! Gessner hat da gute Ansätze etc.... Joe Ross ebenfalls!
Man kann an den Kerzen sehen was Marktteilnehmer denken. Darauf fusst mechanisches Computergesteuertes Trading. Ich habe mir beim Traden mit Rohstoffen dieses Wissen zunutze gemacht. Ist eigentlich ganz einfach! Gessner hat da gute Ansätze etc.... Joe Ross ebenfalls!
Cloudbreak hat sich ja innerhalb von 3 Wochen verdreifacht, die muss mal durchkonseln!!
Ich kaufe bei einzelnen Posies wie hier dosiert ein. Wenn eine Newskommt, will ich dabei sein
und nicht durch hochtaxen ausgebremst werden. Der Preis für Kohle wird wie Öl weiter steigen.
Alles andere ist Unsinn.
Ich kaufe bei einzelnen Posies wie hier dosiert ein. Wenn eine Newskommt, will ich dabei sein
und nicht durch hochtaxen ausgebremst werden. Der Preis für Kohle wird wie Öl weiter steigen.
Alles andere ist Unsinn.
PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF
GREENCASTLE RESOURCES LTD.
TORONTO, Canada (June 24, 2008) Pinetree Capital Ltd. (TSX: PNP), announces that, through a series of
transactions ending on June 23, 2008, it acquired ownership of 1,000,000 common shares (“Common Shares”)
of Greencastle Resources Ltd. (“Greencastle”) through the facilities of the TSX Venture Exchange representing
approximately 2.3% of the total issued and outstanding common shares of Greencastle as of June 23, 2008. As
a result of this transaction, Pinetree held, as at June 23, 2008, an aggregate of 3,750,000 common shares of
Greencastle and rights to acquire an additional 1,000,000 common shares of Greencastle upon the exercise of
convertible securities (collectively, the “Convertible Securities”). In the event that the Convertible Securities are
fully exercised, the holdings of Pinetree represent a total of 4,750,000 common shares of Greencastle, or
approximately 10.9% of all issued and outstanding common shares as at June 23, 2008, calculated on a partially
diluted basis assuming the exercise of the Convertible Securities only.
These transactions were made for investment purposes and Pinetree could increase or decrease its investments
in Greencastle depending on market conditions or any other relevant factor.
GREENCASTLE RESOURCES LTD.
TORONTO, Canada (June 24, 2008) Pinetree Capital Ltd. (TSX: PNP), announces that, through a series of
transactions ending on June 23, 2008, it acquired ownership of 1,000,000 common shares (“Common Shares”)
of Greencastle Resources Ltd. (“Greencastle”) through the facilities of the TSX Venture Exchange representing
approximately 2.3% of the total issued and outstanding common shares of Greencastle as of June 23, 2008. As
a result of this transaction, Pinetree held, as at June 23, 2008, an aggregate of 3,750,000 common shares of
Greencastle and rights to acquire an additional 1,000,000 common shares of Greencastle upon the exercise of
convertible securities (collectively, the “Convertible Securities”). In the event that the Convertible Securities are
fully exercised, the holdings of Pinetree represent a total of 4,750,000 common shares of Greencastle, or
approximately 10.9% of all issued and outstanding common shares as at June 23, 2008, calculated on a partially
diluted basis assuming the exercise of the Convertible Securities only.
These transactions were made for investment purposes and Pinetree could increase or decrease its investments
in Greencastle depending on market conditions or any other relevant factor.
Jun 24, 2008 18:36 ET
Dorex Intersects 92.6 Meters of 5.2% Iron Mineralization and 1.9 Meters of 1.4 % Copper, 0.42 g/t Gold, 3.3 g/t Silver on Its Carmelita IOCG Project, Chile
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2008) - Dorex Minerals Inc. (TSX VENTURE:DOX) -
The company is pleased to report analytical results from the remaining of the seven widely spaced (11 sq km) diamond drill core holes (DDH) from its 100% owned Carmelita property. The property is located within the Chilean "Iron Belt" at the south end of the Atacama Desert, Chile.
Peter Walton President & CEO states "The Company is encouraged by the intersection of calcite veins with silver in the holes which suggests that the holes could be drilled into the upper part of a large classic Iron Oxide Copper Gold (IOCG) style mineralization."
Highlights are as follows.
CA-02: Hydrothermal and Propylitic altered (epidote) volcanics that are intermittently recrystalized from the surface to the end of the hole to a depth of 182.9 meters. This hole intersected magnetite (Fe2 O4), both disseminated, in bands and quartz veins, from 18.5 meters to 182.6 meters for a total length of 174.1 meters. The interval from 89.7 to 182.3 meters had a weighted average of 5.2% iron. A notable 1.9 meters quartz vein with copper sulphides and magnetite at 167.3 meters had a weighted average of 1.4% copper, 0.42 g/t gold and 3.3 g/t silver.
CA-03: The hole was drilled 2.4 kilometers to the northeast of CA-02 and intersected Propylitic altered (epidote) and silicified (chalcedony) volcanics that are intermittently recrystalized from the surface to the end of the hole to a depth of 93.3 meters. The hole intersected hematite in bands with quartz plus or minus calcite vein, as well as quartz veins with copper oxide (malachite). Below 80 meters the volcanics contain fine disseminated sulphides. The interval from 21.6 to 64.8 meters had a weighted average of 4.5% iron. A notable 2.3 meters quartz vein with oxide copper mineralization at 60.5 meters had a weighted average of 0.4% copper, 0.05 g/t gold and 29.3 g/t silver.
CA-04: Drilled to a depth of 150 meters; The hole was drilled 1.5 km to the northeast of the CA-03 and intersected Propylitic altered volcanics (epidote and chlorite) from 100.9 to 130.6 meters with a weighted average of 5.4% iron. Higher grade copper mineralization was intersected from 104.9 to 111.5 meters for a total of 6.6 meters with weighted average of 0.42% copper.
CA-06: The hole was drilled in the southeastern part of the 11 square kilometer area tested during this drilling. It intersected Hydrothermally and Propylitic altered (epidote) volcanics with local silicification (chalcedony) and recrystalization from the collar to the end of hole totaling 199.9 meters. It has intermittent disseminated magnetite (Fe2 O4) with grades up to 5.5% iron, and copper oxides with anomalous copper values.
CA-07: The hole was drilled 0.5 km to the southeast of CA-06 and intersected Hydrothermally and Propylitic altered (epidote) volcanics with local Potassic metasomatism (adularia) and recrystalization from the collar to the end of hole totaling 140.0 meters. The interval from 100 to 140 meters had a weighted average of 4.0% iron.
A summary of sample preparation, QA/QC and method of analysis is described in the Company's June 16, 2008 news release.
SUMMARY:
The 7 diamond drill holes intersected IOCG style alteration and mineralization with up to 18.9% iron and 0.7% copper over 6.8 meters.
FUTURE PLANS:
Dorex Minerals will be commissioning Guarachi Ingenieros of Santiago, a reputable Chilean consulting Engineering group, to perform bench scale testing on core sample splits for concentration and extraction of magnetite by magnetic-gravity and magnetic-pneumatic floatation to establish an approximate grade for a high grade iron concentrate.
The Company is planning to investigate the economic parameters to determine the preliminary economic assessment of commercial extraction of magnetite. The Company estimates that both studies can be completed in the 3rd Quarter of 2008.
A follow up drilling program will be designed from the conclusion and recommendations of the bench testing and preliminary economic assessment studies.
ABOUT CARMELITA PROPERTY:
The Carmelita Iron Oxide (magnetite) project located in the "Iron Belt" of Chile, a segment of the Atacama Fault System within the Chilean coastal belt.
The Chilean Iron Belt is host to significant copper and iron mines over a 350 kilometers length. The Candelaria and Manto Verde copper mines which produce high grade iron ore concentrate as bi-products by processing the copper concentrate tailings through low cost technology are located in the northern end of the belt. Farther to the south and closer to the Carmelita project there are significant iron producers like El Tofo, El Pelito and El Romeral.
All these deposits are classified as IOCG deposits. More recent IOCG discoveries include Cerro Negro.
Dorex Minerals recently completed diamond drill program (7 holes for 1,050 meters) tested high magnetic anomalies, areas with copper-gold mineralization and areas with abundant iron oxides, mainly magnetite.
The Carmelita project has good infrastructure situated next to the national railway, adjacent to the national electrical grid and with access to water.
The railway connects the property to the port of Coquimbo 85 kilometers to the south where Compania Acereo del Pacifico ship iron ore from their 44,000 tonnes per day El Romeral mine near La Serena. To feed its pelletizing plant in Huachipato, Compania Acereo del Pacifico is buying iron ore from adjacent mines like El Tofo.
The information contained in this news release has been reviewed and approved by Tor Bruland, P. Geo., a qualified person under the definitions established by the National Instrument 43-101.
For further information please visit the company's website www.dorex.ca.
For further updates please send in your email address to info@dorex.com or call 604-633-9992. We will send out regular updates and news releases to everyone who requests them.
About Dorex Minerals Inc:
Dorex Minerals Inc. is a base and precious metals exploration and development company focusing on its 100% interest Carmelita property located within the prolific mining region of Coastal Belt of the Andean Cordillera of Chile.
ON BEHALF OF THE BOARD OF DIRECTORS OF DOREX MINERALS INC.
Peter Walton, President / CEO
Dorex Intersects 92.6 Meters of 5.2% Iron Mineralization and 1.9 Meters of 1.4 % Copper, 0.42 g/t Gold, 3.3 g/t Silver on Its Carmelita IOCG Project, Chile
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2008) - Dorex Minerals Inc. (TSX VENTURE:DOX) -
The company is pleased to report analytical results from the remaining of the seven widely spaced (11 sq km) diamond drill core holes (DDH) from its 100% owned Carmelita property. The property is located within the Chilean "Iron Belt" at the south end of the Atacama Desert, Chile.
Peter Walton President & CEO states "The Company is encouraged by the intersection of calcite veins with silver in the holes which suggests that the holes could be drilled into the upper part of a large classic Iron Oxide Copper Gold (IOCG) style mineralization."
Highlights are as follows.
CA-02: Hydrothermal and Propylitic altered (epidote) volcanics that are intermittently recrystalized from the surface to the end of the hole to a depth of 182.9 meters. This hole intersected magnetite (Fe2 O4), both disseminated, in bands and quartz veins, from 18.5 meters to 182.6 meters for a total length of 174.1 meters. The interval from 89.7 to 182.3 meters had a weighted average of 5.2% iron. A notable 1.9 meters quartz vein with copper sulphides and magnetite at 167.3 meters had a weighted average of 1.4% copper, 0.42 g/t gold and 3.3 g/t silver.
CA-03: The hole was drilled 2.4 kilometers to the northeast of CA-02 and intersected Propylitic altered (epidote) and silicified (chalcedony) volcanics that are intermittently recrystalized from the surface to the end of the hole to a depth of 93.3 meters. The hole intersected hematite in bands with quartz plus or minus calcite vein, as well as quartz veins with copper oxide (malachite). Below 80 meters the volcanics contain fine disseminated sulphides. The interval from 21.6 to 64.8 meters had a weighted average of 4.5% iron. A notable 2.3 meters quartz vein with oxide copper mineralization at 60.5 meters had a weighted average of 0.4% copper, 0.05 g/t gold and 29.3 g/t silver.
CA-04: Drilled to a depth of 150 meters; The hole was drilled 1.5 km to the northeast of the CA-03 and intersected Propylitic altered volcanics (epidote and chlorite) from 100.9 to 130.6 meters with a weighted average of 5.4% iron. Higher grade copper mineralization was intersected from 104.9 to 111.5 meters for a total of 6.6 meters with weighted average of 0.42% copper.
CA-06: The hole was drilled in the southeastern part of the 11 square kilometer area tested during this drilling. It intersected Hydrothermally and Propylitic altered (epidote) volcanics with local silicification (chalcedony) and recrystalization from the collar to the end of hole totaling 199.9 meters. It has intermittent disseminated magnetite (Fe2 O4) with grades up to 5.5% iron, and copper oxides with anomalous copper values.
CA-07: The hole was drilled 0.5 km to the southeast of CA-06 and intersected Hydrothermally and Propylitic altered (epidote) volcanics with local Potassic metasomatism (adularia) and recrystalization from the collar to the end of hole totaling 140.0 meters. The interval from 100 to 140 meters had a weighted average of 4.0% iron.
A summary of sample preparation, QA/QC and method of analysis is described in the Company's June 16, 2008 news release.
SUMMARY:
The 7 diamond drill holes intersected IOCG style alteration and mineralization with up to 18.9% iron and 0.7% copper over 6.8 meters.
FUTURE PLANS:
Dorex Minerals will be commissioning Guarachi Ingenieros of Santiago, a reputable Chilean consulting Engineering group, to perform bench scale testing on core sample splits for concentration and extraction of magnetite by magnetic-gravity and magnetic-pneumatic floatation to establish an approximate grade for a high grade iron concentrate.
The Company is planning to investigate the economic parameters to determine the preliminary economic assessment of commercial extraction of magnetite. The Company estimates that both studies can be completed in the 3rd Quarter of 2008.
A follow up drilling program will be designed from the conclusion and recommendations of the bench testing and preliminary economic assessment studies.
ABOUT CARMELITA PROPERTY:
The Carmelita Iron Oxide (magnetite) project located in the "Iron Belt" of Chile, a segment of the Atacama Fault System within the Chilean coastal belt.
The Chilean Iron Belt is host to significant copper and iron mines over a 350 kilometers length. The Candelaria and Manto Verde copper mines which produce high grade iron ore concentrate as bi-products by processing the copper concentrate tailings through low cost technology are located in the northern end of the belt. Farther to the south and closer to the Carmelita project there are significant iron producers like El Tofo, El Pelito and El Romeral.
All these deposits are classified as IOCG deposits. More recent IOCG discoveries include Cerro Negro.
Dorex Minerals recently completed diamond drill program (7 holes for 1,050 meters) tested high magnetic anomalies, areas with copper-gold mineralization and areas with abundant iron oxides, mainly magnetite.
The Carmelita project has good infrastructure situated next to the national railway, adjacent to the national electrical grid and with access to water.
The railway connects the property to the port of Coquimbo 85 kilometers to the south where Compania Acereo del Pacifico ship iron ore from their 44,000 tonnes per day El Romeral mine near La Serena. To feed its pelletizing plant in Huachipato, Compania Acereo del Pacifico is buying iron ore from adjacent mines like El Tofo.
The information contained in this news release has been reviewed and approved by Tor Bruland, P. Geo., a qualified person under the definitions established by the National Instrument 43-101.
For further information please visit the company's website www.dorex.ca.
For further updates please send in your email address to info@dorex.com or call 604-633-9992. We will send out regular updates and news releases to everyone who requests them.
About Dorex Minerals Inc:
Dorex Minerals Inc. is a base and precious metals exploration and development company focusing on its 100% interest Carmelita property located within the prolific mining region of Coastal Belt of the Andean Cordillera of Chile.
ON BEHALF OF THE BOARD OF DIRECTORS OF DOREX MINERALS INC.
Peter Walton, President / CEO
Rohstoffe-Go - Stuttgart Die Investmentbank Goldman Sachs und der weltweit drittgrößte Bergbaukonzern Rio Tinto Group. gehen davon aus, dass der Uranpreis auf 90 Dollar je Pound steigen wird. Aktuell liegt das Pound Uran bei 59 Dollar. Das sind 57 Prozent weniger als im Rekordmonat Juni 2007. In China und Indien werden immer mehr Atomkraftwerke
gebaut, das wird zwangsläufig die Nachfrage nach Uran erhöhen und damit, so die Experten, auch den Preis. Interessant: Weltgrößter Uran-Lieferant Cameco musste im ersten Quartal 2008 rund 45 Kanada-Dollar einsetzen, um ein Pound Uran zu fördern. Der Preisrückgang beim Uran macht also den Herstellern zu schaffen.
gebaut, das wird zwangsläufig die Nachfrage nach Uran erhöhen und damit, so die Experten, auch den Preis. Interessant: Weltgrößter Uran-Lieferant Cameco musste im ersten Quartal 2008 rund 45 Kanada-Dollar einsetzen, um ein Pound Uran zu fördern. Der Preisrückgang beim Uran macht also den Herstellern zu schaffen.
International PBX Ventures Ltd.: Tabaco Project Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) - George Sookochoff, CEO of International PBX Ventures Ltd. (TSX VENTURE:PBX) announced today the completion of a short drill program on its Tabaco copper property in Chile.
Drill hole 84-08 was completed to a depth of 497 metres. The drill hole tested one of three 3D induced polarization (IP) chargeability anomalies located on the property. Preliminary observations show the hole encountered manto-style copper mineralization. However porphyry copper mineralization was not encountered in this hole and the geophysical anomaly is believed to be caused by lithological variation in the host volcanic package.
Observations of the drill core indicate mineralized intercepts were encountered within the metasediments in the upper part of the hole. From 61.0 to 65.0 meters and from 81.0 to 107.0 meters disseminated chalcopyrite was observed whilst from 129.0 to 215.6 meters occasional small zones of covellite coating pyrite were noted. Drill samples have been sent to ALS Laboratories in La Serena, Chile, for analysis.
PBX has added an additional 3,800 hectares to its original 2,500 hectare Tabaco land package. "With Teck Cominco's recent offer to acquire the adjacent Global Copper Relincho copper deposit for $415 million, we felt it important to take advantage of the Tabaco copper property's favourable location and expand PBX's land position in what is becoming an exciting exploration area of Chile." said Mr. Sookochoff.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) - George Sookochoff, CEO of International PBX Ventures Ltd. (TSX VENTURE:PBX) announced today the completion of a short drill program on its Tabaco copper property in Chile.
Drill hole 84-08 was completed to a depth of 497 metres. The drill hole tested one of three 3D induced polarization (IP) chargeability anomalies located on the property. Preliminary observations show the hole encountered manto-style copper mineralization. However porphyry copper mineralization was not encountered in this hole and the geophysical anomaly is believed to be caused by lithological variation in the host volcanic package.
Observations of the drill core indicate mineralized intercepts were encountered within the metasediments in the upper part of the hole. From 61.0 to 65.0 meters and from 81.0 to 107.0 meters disseminated chalcopyrite was observed whilst from 129.0 to 215.6 meters occasional small zones of covellite coating pyrite were noted. Drill samples have been sent to ALS Laboratories in La Serena, Chile, for analysis.
PBX has added an additional 3,800 hectares to its original 2,500 hectare Tabaco land package. "With Teck Cominco's recent offer to acquire the adjacent Global Copper Relincho copper deposit for $415 million, we felt it important to take advantage of the Tabaco copper property's favourable location and expand PBX's land position in what is becoming an exciting exploration area of Chile." said Mr. Sookochoff.
Moly Mines signs offtake deal for Spinifex production
2008-06-24 09:51 ET - News Release
Dr. Derek Fisher reports
MOLY MINES FINALISES OFFTAKE AGREEMENT FOR 100% OF SPINIFEX RIDGE PRODUCTION
Moly Mines Ltd. has signed a 10-year offtake agreement with ThyssenKrupp Metallurgie GmbH (TKMet) of Germany for all of the molybdenum production from the Spinifex Ridge molybdenum project.
Moly Mines' chief executive officer Dr. Derek Fisher, commenting on the agreement, said, "This offtake agreement cements a close alliance with TKMet and the ThyssenKrupp group, one of the world's largest steel and technology groups, and sends a powerful message to the international financial community."
Under the offtake agreement TKMet will take delivery and purchase 100 per cent of Moly Metals Australia's interest (currently 100 per cent) in molybdenum product from Spinifex Ridge as oxide and ferro-molybdenum after it has been toll processed under the company's tolling agreement with partner, the Chilean metallurgical group Molymet.
Pricing will be determined with reference to the prevailing market prices and conditions at the time of sale, therefore maintaining full exposure to molybdenum price.
"This agreement is a keystone to the project financing," Dr. Fisher said. "Investors will take note that we have successfully preserved shareholder value by ensuring our sales agreement provides maximum exposure to molybdenum price. We have resisted the temptation of floor-priced contracts with price participation mechanisms that transfer value away from shareholders."
TKMet has also agreed to participate in the equity financing component for the Spinifex Ridge molybdenum project, subject to final ThyssenKrupp board approvals.
Molybdenum concentrates produced from the Spinifex Ridge molybdenum project will be shipped to Molymet's plant in Santiago, Chile, for conversion to molybdenum oxide and/or ferro-molybdenum under the tolling agreement signed in December, 2007.
Moly Metals Australia Pty. Ltd. is a 100-per-cent-owned subsidiary of Moly Mines Limited and the 100-per-cent owner of the Spinifex Ridge molybdenum project, located in the Pilbara region of Western Australia. The project is on track for construction completion and commissioning in the second half of 2009.
ThyssenKrupp AG is one of the largest industrial groups and steel producers in Europe with a combined turnover of over 50 billion euros in 2007 across its business units and over 190,000 employees worldwide in 2,500 locations in 70 countries. They are amongst the world's largest producers of high-quality and stainless flat steel products and have major expansion programs in Brazil and the United States.
We seek Safe Harbor.
2008-06-24 09:51 ET - News Release
Dr. Derek Fisher reports
MOLY MINES FINALISES OFFTAKE AGREEMENT FOR 100% OF SPINIFEX RIDGE PRODUCTION
Moly Mines Ltd. has signed a 10-year offtake agreement with ThyssenKrupp Metallurgie GmbH (TKMet) of Germany for all of the molybdenum production from the Spinifex Ridge molybdenum project.
Moly Mines' chief executive officer Dr. Derek Fisher, commenting on the agreement, said, "This offtake agreement cements a close alliance with TKMet and the ThyssenKrupp group, one of the world's largest steel and technology groups, and sends a powerful message to the international financial community."
Under the offtake agreement TKMet will take delivery and purchase 100 per cent of Moly Metals Australia's interest (currently 100 per cent) in molybdenum product from Spinifex Ridge as oxide and ferro-molybdenum after it has been toll processed under the company's tolling agreement with partner, the Chilean metallurgical group Molymet.
Pricing will be determined with reference to the prevailing market prices and conditions at the time of sale, therefore maintaining full exposure to molybdenum price.
"This agreement is a keystone to the project financing," Dr. Fisher said. "Investors will take note that we have successfully preserved shareholder value by ensuring our sales agreement provides maximum exposure to molybdenum price. We have resisted the temptation of floor-priced contracts with price participation mechanisms that transfer value away from shareholders."
TKMet has also agreed to participate in the equity financing component for the Spinifex Ridge molybdenum project, subject to final ThyssenKrupp board approvals.
Molybdenum concentrates produced from the Spinifex Ridge molybdenum project will be shipped to Molymet's plant in Santiago, Chile, for conversion to molybdenum oxide and/or ferro-molybdenum under the tolling agreement signed in December, 2007.
Moly Metals Australia Pty. Ltd. is a 100-per-cent-owned subsidiary of Moly Mines Limited and the 100-per-cent owner of the Spinifex Ridge molybdenum project, located in the Pilbara region of Western Australia. The project is on track for construction completion and commissioning in the second half of 2009.
ThyssenKrupp AG is one of the largest industrial groups and steel producers in Europe with a combined turnover of over 50 billion euros in 2007 across its business units and over 190,000 employees worldwide in 2,500 locations in 70 countries. They are amongst the world's largest producers of high-quality and stainless flat steel products and have major expansion programs in Brazil and the United States.
We seek Safe Harbor.
HANDELSBLATT, Mittwoch, 25. Juni 2008, 09:09 Uhr
Rohstoffe
Erz-Feinde
Von John Foley, breakingviews.com
Es glitzert nicht richtig und es ist ganz sicher auch kein Gold. Aber Eisenerz ist immer noch entsetzlich teuer. Baosteel, ein führender chinesischer Stahlproduzent, hat gerade eine Einjahresvereinbarung unterzeichnet, Erz von der Minengesellschaft Rio Tinto für fast das Doppelte des letztjährigen Preises zu kaufen. Dieser Abschluss wird zum Richtwert werden, auch was andere Lieferungen aus Australien nach China angeht. Die Verhandlungen waren ungewöhnlich langwierig und hart im Ton. Sie bereiten die Bühne für noch erbitterter geführte politische Streitigkeiten.
Der neue Deal mit China zeigt, wie stark das Gleichgewicht der Kräfte die Lieferanten von im Bergbau gewonnenen Rohstoffen begünstigt. So haben etwa Rio und ihre Konkurrentin BHP Billiton die chinesischen Stahlhersteller nun endlich doch zu der Einsicht gebracht, dass Australien näher bei China liegt als Brasilien. Zum ersten Mal seit den achtziger Jahren werden die Chinesen nun mehr für australisches Erz zahlen, als für Erz, das die brasilianische Bergwerksgesellschaft Vale bereitstellt.
Die chinesischen Stahlunternehmen können sich das leisten, weil sie höhere Kosten an ihre Kunden weiterreichen können. BHP geht davon aus, dass die Kosten für die Rohmaterialien der Stahlproduzenten, als prozentualer Anteil an den Verkaufspreisen, seit drei Jahren mehr oder weniger stagniert haben. In China ist der Kunde, der hohe Preise zu zahlen bereit ist, oft die Regierung, die große Investitionen in die Eisenbahn- und U-Bahnnetze in etwa 60 wichtigen Städten plant, für die große Mengen an Stahl benötigt werden.
Man kann fast sicher davon ausgehen, dass die chinesischen Bürokraten die 50prozentigen Betriebsgewinnspannen der Bergwerksgesellschaften bei Eisenerz beobachten und sich überlegen, wie man diese Kosten für das Rohmaterial drücken könnte. Die wahrscheinlichste Antwort darauf ist, das Erz zu kaufen, solange es sich noch im Boden befindet. Sinosteel hat in diesem Jahr eine unerwünschte Offerte für die australische Midwest vorgelegt. Baosteel könnte früher oder später Aktien ihres australischen Partners Fortescue erwerben.
Bisher haben die Politiker außerhalb des Reichs der Mitte gelassen auf diese kleinen Übernahmen reagiert. Aber an größeren Übernahmezielen könnte sich der nationalistisch-protektionistische Eifer entzünden. In Australien, zum Beispiel, steuert die Rohstoffindustrie mehr als ein Drittel des Bruttoinlandsprodukts bei. Ein Angriff auf die Aktien von Rio Tinto durch Chinalco, ein undurchsichtiges chinesisches Staatsunternehmen, hat „down under“ das politische Klima schon aufgeheizt. Das Thema Eisenerz wird dieses Feuer zusätzlich anfachen.
Rohstoffe
Erz-Feinde
Von John Foley, breakingviews.com
Es glitzert nicht richtig und es ist ganz sicher auch kein Gold. Aber Eisenerz ist immer noch entsetzlich teuer. Baosteel, ein führender chinesischer Stahlproduzent, hat gerade eine Einjahresvereinbarung unterzeichnet, Erz von der Minengesellschaft Rio Tinto für fast das Doppelte des letztjährigen Preises zu kaufen. Dieser Abschluss wird zum Richtwert werden, auch was andere Lieferungen aus Australien nach China angeht. Die Verhandlungen waren ungewöhnlich langwierig und hart im Ton. Sie bereiten die Bühne für noch erbitterter geführte politische Streitigkeiten.
Der neue Deal mit China zeigt, wie stark das Gleichgewicht der Kräfte die Lieferanten von im Bergbau gewonnenen Rohstoffen begünstigt. So haben etwa Rio und ihre Konkurrentin BHP Billiton die chinesischen Stahlhersteller nun endlich doch zu der Einsicht gebracht, dass Australien näher bei China liegt als Brasilien. Zum ersten Mal seit den achtziger Jahren werden die Chinesen nun mehr für australisches Erz zahlen, als für Erz, das die brasilianische Bergwerksgesellschaft Vale bereitstellt.
Die chinesischen Stahlunternehmen können sich das leisten, weil sie höhere Kosten an ihre Kunden weiterreichen können. BHP geht davon aus, dass die Kosten für die Rohmaterialien der Stahlproduzenten, als prozentualer Anteil an den Verkaufspreisen, seit drei Jahren mehr oder weniger stagniert haben. In China ist der Kunde, der hohe Preise zu zahlen bereit ist, oft die Regierung, die große Investitionen in die Eisenbahn- und U-Bahnnetze in etwa 60 wichtigen Städten plant, für die große Mengen an Stahl benötigt werden.
Man kann fast sicher davon ausgehen, dass die chinesischen Bürokraten die 50prozentigen Betriebsgewinnspannen der Bergwerksgesellschaften bei Eisenerz beobachten und sich überlegen, wie man diese Kosten für das Rohmaterial drücken könnte. Die wahrscheinlichste Antwort darauf ist, das Erz zu kaufen, solange es sich noch im Boden befindet. Sinosteel hat in diesem Jahr eine unerwünschte Offerte für die australische Midwest vorgelegt. Baosteel könnte früher oder später Aktien ihres australischen Partners Fortescue erwerben.
Bisher haben die Politiker außerhalb des Reichs der Mitte gelassen auf diese kleinen Übernahmen reagiert. Aber an größeren Übernahmezielen könnte sich der nationalistisch-protektionistische Eifer entzünden. In Australien, zum Beispiel, steuert die Rohstoffindustrie mehr als ein Drittel des Bruttoinlandsprodukts bei. Ein Angriff auf die Aktien von Rio Tinto durch Chinalco, ein undurchsichtiges chinesisches Staatsunternehmen, hat „down under“ das politische Klima schon aufgeheizt. Das Thema Eisenerz wird dieses Feuer zusätzlich anfachen.
A positive outlook for molybdenum [moly] combined with more in-house production bodes well for Thompson Creek Metals Company Inc. (TC), according to new coverage from Deutsche Bank analyst Jorge Beristain.
Mr. Beristain initiated Thompson Creek, one of the largest listed pure play moly companies, with a "buy" rating and $32 price target, telling clients in a note that strong moly demand is underpinned by expectations of strong global steel production and shifting industry cost structure.
The analyst also said Thompson Creek can expect a boost in earnings growth through 2010 thanks to a production ramp up and a shift in sales mix toward greater in-house produced molybdenum.
He added that lower moly prices, as well as an appreciating Canadian dollar, and participation in future M&A activity could all undermine is recommendation.
On Monday, Thompson Creek shares closed up $0.24 to $20.
Mr. Beristain initiated Thompson Creek, one of the largest listed pure play moly companies, with a "buy" rating and $32 price target, telling clients in a note that strong moly demand is underpinned by expectations of strong global steel production and shifting industry cost structure.
The analyst also said Thompson Creek can expect a boost in earnings growth through 2010 thanks to a production ramp up and a shift in sales mix toward greater in-house produced molybdenum.
He added that lower moly prices, as well as an appreciating Canadian dollar, and participation in future M&A activity could all undermine is recommendation.
On Monday, Thompson Creek shares closed up $0.24 to $20.
man munkelt, es kommen gute News...ein Trade wert?
Danke im voraus!
Transaction Date Insider Name Nature of Transaction Holdings Change * Shares / Units Price
Jun 10/08 Forget, Pierre Acquisition carried out privately 10.6% 35,000 0.286
Jun 10/08 Leboeuf, Eric Acquisition carried out privately 8.4% 105,000 0.286
May 14/08 Leboeuf, Eric Acquisition in the public market 1.6% 20,000 0.300
May 14/08 Leboeuf, Eric Acquisition in the public market 1.3% 16,000 0.295
May 08/08 Leboeuf, Eric Acquisition in the public market 1.1% 13,000 0.300
Apr 09/08 Leboeuf, Eric Acquisition in the public market 3.7% 43,000 0.260
Apr 07/08 Leboeuf, Eric Acquisition in the public market 0.2% 2,000 0.250
Apr 02/08 Leboeuf, Eric Acquisition in the public market 0.7% 8,000 0.280
Apr 01/08 Leboeuf, Eric Acquisition in the public market 0.2% 2,000 0.270
Mar 25/08 Leboeuf, Eric Acquisition in the public market 5.5% 60,000 0.300
Mar 25/08 Simoneau, Denis Acquisition in the public market 22.0% 22,500 0.320
Mar 20/08 Simoneau, Denis Acquisition in the public market 2.5% 2,500 0.280
Mar 18/08 Leboeuf, Eric Acquisition in the public market 0.4% 4,500 0.265
Mar 17/08 Leboeuf, Eric Acquisition in the public market 1.9% 20,500 0.265
Mar 04/08 Leboeuf, Eric Acquisition in the public market 2.2% 22,500 0.257
Feb 27/08 Leboeuf, Eric Acquisition in the public market 2.5% 25,000 0.220
Feb 21/08 Leboeuf, Eric Acquisition in the public market 2.0% 20,000 0.200
Feb 19/08 Leboeuf, Eric Acquisition in the public market 11.4% 102,000 0.200
Feb 11/08 Leboeuf, Eric Acquisition in the public market 0.9% 8,000 0.180
Feb 04/08 Leboeuf, Eric Acquisition in the public market 1.5% 13,000 0.210
Jan 31/08 Leboeuf, Eric Acquisition in the public market 2.9% 24,500 0.195
Jan 31/08 Leboeuf, Eric Acquisition in the public market 6.3% 50,000 0.190
Jan 25/08 Leboeuf, Eric Acquisition in the public market 11.1% 80,000 0.166
Jan 24/08 Leboeuf, Eric Acquisition in the public market 1.4% 10,000 0.165
Nov 16/07 Forget, Pierre Acquisition in the public market 4.8% 15,000 0.220
Nov 16/07 Forget, Pierre Acquisition in the public market 5.0% 15,000 0.190
Jun 10/08 Forget, Pierre Acquisition carried out privately 10.6% 35,000 0.286
Jun 10/08 Leboeuf, Eric Acquisition carried out privately 8.4% 105,000 0.286
May 14/08 Leboeuf, Eric Acquisition in the public market 1.6% 20,000 0.300
May 14/08 Leboeuf, Eric Acquisition in the public market 1.3% 16,000 0.295
May 08/08 Leboeuf, Eric Acquisition in the public market 1.1% 13,000 0.300
Apr 09/08 Leboeuf, Eric Acquisition in the public market 3.7% 43,000 0.260
Apr 07/08 Leboeuf, Eric Acquisition in the public market 0.2% 2,000 0.250
Apr 02/08 Leboeuf, Eric Acquisition in the public market 0.7% 8,000 0.280
Apr 01/08 Leboeuf, Eric Acquisition in the public market 0.2% 2,000 0.270
Mar 25/08 Leboeuf, Eric Acquisition in the public market 5.5% 60,000 0.300
Mar 25/08 Simoneau, Denis Acquisition in the public market 22.0% 22,500 0.320
Mar 20/08 Simoneau, Denis Acquisition in the public market 2.5% 2,500 0.280
Mar 18/08 Leboeuf, Eric Acquisition in the public market 0.4% 4,500 0.265
Mar 17/08 Leboeuf, Eric Acquisition in the public market 1.9% 20,500 0.265
Mar 04/08 Leboeuf, Eric Acquisition in the public market 2.2% 22,500 0.257
Feb 27/08 Leboeuf, Eric Acquisition in the public market 2.5% 25,000 0.220
Feb 21/08 Leboeuf, Eric Acquisition in the public market 2.0% 20,000 0.200
Feb 19/08 Leboeuf, Eric Acquisition in the public market 11.4% 102,000 0.200
Feb 11/08 Leboeuf, Eric Acquisition in the public market 0.9% 8,000 0.180
Feb 04/08 Leboeuf, Eric Acquisition in the public market 1.5% 13,000 0.210
Jan 31/08 Leboeuf, Eric Acquisition in the public market 2.9% 24,500 0.195
Jan 31/08 Leboeuf, Eric Acquisition in the public market 6.3% 50,000 0.190
Jan 25/08 Leboeuf, Eric Acquisition in the public market 11.1% 80,000 0.166
Jan 24/08 Leboeuf, Eric Acquisition in the public market 1.4% 10,000 0.165
Nov 16/07 Forget, Pierre Acquisition in the public market 4.8% 15,000 0.220
Nov 16/07 Forget, Pierre Acquisition in the public market 5.0% 15,000 0.190
Danke für die Einschätzung. mich wundert, dass heute in frankfurt auch erste kleine Umsätze sind:
Times & SalesZeit Kurs Volumen
11:06:47 0,195 20000
10:30:42 0,195 20000
10:15:27 0,190 21000
09:02:13 0,175 0
Times & SalesZeit Kurs Volumen
11:06:47 0,195 20000
10:30:42 0,195 20000
10:15:27 0,190 21000
09:02:13 0,175 0
kam das nun nachbörslich oder nicht?
N.A. Gem's first-priority applications at 900,000 acres
2008-06-24 19:03 ET - News Release
Mr. Charles Desjardins reports
NORTH AMERICAN GEM INC. RECEIVES ADDITIONAL "COMFORT LETTERS" FOR COAL PROSPECTING PERMITS BRINGING THE TOTAL TO APPROXIMATELY 900,000 ACRES OF FIRST PRIORITY APPLICATIONS NORTH OF HUDSON BAY AND EAST OF PRINCE ALBERT, SASKATCHEWAN
North American Gem Inc. has received first-priority comfort letters for an additional 444,078 acres from Saskatchewan Energy and Resources, bringing the new total of first-priority coal permit applications to approximately 900,000 acres.
North American Gem has also received first-priority comfort letters on its coal permit applications bordering the east and west of the Weststar Resources Corp. potential position. North American Gem has been advised that it has second priority on Weststar's potential position.
The company is currently awaiting its coal prospecting permit approval for the Adamas property which would allow exploration to commence. North American Gem has first-priority status on the township that holds the Adamas discovery. Despite the likelihood of some grade loss, the samples graded subbituminous A (43-101-compliant) quality over five metres. This is highly encouraging as the coal would have likely deteriorated to some degree and suggests that the sample may be of better quality in an unoxidized state.
The company has filed and fully paid for 786 coal disposition applications to date. All of the ground that has been applied for has been done so in accordance with all the rules and regulations set forth by the government of Saskatchewan's permitting office. As with all other companies applying for coal dispositions in Saskatchewan, North American Gem has its applications and coal prospecting permits subject to the Saskatchewan government's approval process. The standard issue comfort letter states, "The extent to which the land described in these applications can be issued has not been investigated, and therefore this letter should not be construed as an indication that any land will be issued, as a full review is still to be completed."
Overview
In 2007, Adamas was exploring a magnetic anomaly thought to be a kimberlite target in proximity to the most recent discovery by Goldsource Mines in western Saskatchewan. During this exploration program Adamas discovered a coal seam in the Cretaceous rock (Mannville group rocks) sequence containing coal similar to Goldsource, confirming the regional potential for coal deposits.
Adamas has collected proprietary aeromagnetics data for the area of interest that have been made available to North American Gem to be used to further evaluate the area for coal deposits and other minerals that may be found therein. Historical data and reports suggest that coal is present to the north edge of the Cretaceous rock sequence along the shores of Wapawekka Lake to the north of the Adamas discovery. These reports further suggest that the Wapawekka outcrop is likely associated with a larger deposit to the south. The Adamas intercept is directly south of Wapawekka Lake along the low-lying basin adjacent to the southeast of the Narrow Hills uplands.
Goldsource also made a significant coal discovery while drilling for kimberlites in a low-lying basin southeast of the adjacent uplands at Pasquia Hills to the southeast of the Narrow Hills intercept. The occurrence at Pasquia is roughly 80 to 100 kilometres southeast of the Narrow Hills. Both have similar topographical features and are in the same Cretaceous rock sequence.
The recent coal discovery by Goldsource Mines of bituminous coal in two drill holes 1,600 metres apart suggests the potential for a much larger coal system. Goldsource believes the coal it encountered is from the Mannville/Swan River group of Creataceous age (see Goldsource's news in Stockwatch dated May 5, 2008). Coal structures of the Creataceous age are generally stratigraphic and can encompass several thousand square kilometres.
North American Gem anticipates being a major landholder in this new coal region of Saskatchewan. The company will commit to aggressive exploration and is currently assembling an outstanding board of advisers with expertise in the area of coal exploration. The company plans to first twin the Adamas discovery hole to get a true grade of the quality of the coal at that location, and further exploration holes in the area of the discovery.
Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.
North American Gem
AGM update
North American Gem held its annual general meeting on June 20, 2008. All agenda items, as outlined in the circular, were approved, all company directors were re-elected and the shareholder rights plan reported in Stockwatch news dated May 22, 2008, received shareholder approval.
We seek Safe Harbor.
N.A. Gem's first-priority applications at 900,000 acres
2008-06-24 19:03 ET - News Release
Mr. Charles Desjardins reports
NORTH AMERICAN GEM INC. RECEIVES ADDITIONAL "COMFORT LETTERS" FOR COAL PROSPECTING PERMITS BRINGING THE TOTAL TO APPROXIMATELY 900,000 ACRES OF FIRST PRIORITY APPLICATIONS NORTH OF HUDSON BAY AND EAST OF PRINCE ALBERT, SASKATCHEWAN
North American Gem Inc. has received first-priority comfort letters for an additional 444,078 acres from Saskatchewan Energy and Resources, bringing the new total of first-priority coal permit applications to approximately 900,000 acres.
North American Gem has also received first-priority comfort letters on its coal permit applications bordering the east and west of the Weststar Resources Corp. potential position. North American Gem has been advised that it has second priority on Weststar's potential position.
The company is currently awaiting its coal prospecting permit approval for the Adamas property which would allow exploration to commence. North American Gem has first-priority status on the township that holds the Adamas discovery. Despite the likelihood of some grade loss, the samples graded subbituminous A (43-101-compliant) quality over five metres. This is highly encouraging as the coal would have likely deteriorated to some degree and suggests that the sample may be of better quality in an unoxidized state.
The company has filed and fully paid for 786 coal disposition applications to date. All of the ground that has been applied for has been done so in accordance with all the rules and regulations set forth by the government of Saskatchewan's permitting office. As with all other companies applying for coal dispositions in Saskatchewan, North American Gem has its applications and coal prospecting permits subject to the Saskatchewan government's approval process. The standard issue comfort letter states, "The extent to which the land described in these applications can be issued has not been investigated, and therefore this letter should not be construed as an indication that any land will be issued, as a full review is still to be completed."
Overview
In 2007, Adamas was exploring a magnetic anomaly thought to be a kimberlite target in proximity to the most recent discovery by Goldsource Mines in western Saskatchewan. During this exploration program Adamas discovered a coal seam in the Cretaceous rock (Mannville group rocks) sequence containing coal similar to Goldsource, confirming the regional potential for coal deposits.
Adamas has collected proprietary aeromagnetics data for the area of interest that have been made available to North American Gem to be used to further evaluate the area for coal deposits and other minerals that may be found therein. Historical data and reports suggest that coal is present to the north edge of the Cretaceous rock sequence along the shores of Wapawekka Lake to the north of the Adamas discovery. These reports further suggest that the Wapawekka outcrop is likely associated with a larger deposit to the south. The Adamas intercept is directly south of Wapawekka Lake along the low-lying basin adjacent to the southeast of the Narrow Hills uplands.
Goldsource also made a significant coal discovery while drilling for kimberlites in a low-lying basin southeast of the adjacent uplands at Pasquia Hills to the southeast of the Narrow Hills intercept. The occurrence at Pasquia is roughly 80 to 100 kilometres southeast of the Narrow Hills. Both have similar topographical features and are in the same Cretaceous rock sequence.
The recent coal discovery by Goldsource Mines of bituminous coal in two drill holes 1,600 metres apart suggests the potential for a much larger coal system. Goldsource believes the coal it encountered is from the Mannville/Swan River group of Creataceous age (see Goldsource's news in Stockwatch dated May 5, 2008). Coal structures of the Creataceous age are generally stratigraphic and can encompass several thousand square kilometres.
North American Gem anticipates being a major landholder in this new coal region of Saskatchewan. The company will commit to aggressive exploration and is currently assembling an outstanding board of advisers with expertise in the area of coal exploration. The company plans to first twin the Adamas discovery hole to get a true grade of the quality of the coal at that location, and further exploration holes in the area of the discovery.
Mike Magrum, PEng, a qualified person under National Instrument 43-101, has approved the technical content of this news release.
North American Gem
AGM update
North American Gem held its annual general meeting on June 20, 2008. All agenda items, as outlined in the circular, were approved, all company directors were re-elected and the shareholder rights plan reported in Stockwatch news dated May 22, 2008, received shareholder approval.
We seek Safe Harbor.
mir iss so als wenn er mal schrieb das er sie(NAG) auf WL hatte und nur zuschaut anstatt zu handeln......oder war es jemans anderes?
[url=http://peketec.de/trading/viewtopic.php?p=429380#429380 schrieb:dukezero schrieb am 25.06.2008, 12:43 Uhr[/url]"][url=http://peketec.de/trading/viewtopic.php?p=429379#429379 schrieb:greenhorn schrieb am 25.06.2008, 12:39 Uhr[/url]"]hatte die nich auch Fischi auf der Watch?
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