Rohstoffthread (Archiv)

[greenhorn]

Jul 11, 2008 20:41 ET
Ringbolt Ventures Ltd.: Clarification
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2008) - Ringbolt Ventures Ltd. (TSX VENTURE:RBV)(FRANKFURT:3OZ) -

As a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure.

The Company wishes to retract its press release dated June 4, 2008 on the basis that the public might infer that the Company has a potash resource on its Utah property. The Company wants to clarify that it does not have a 43-101 resource or a historic resource.

The potential quantity and grade, of the potash on the Companies' property in the Paradox Basin, is conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as a mineral resource.

A review of oil and gas wells drilled in the Paradox Basin has found 20 drill holes which are summarized below.

The following potash analyses predate NI 43-101 standards and must be viewed as historical in nature.




DRILL HOLE SUMMARY
--------------------------------------------------------------------------- Thick- Thick- Depth ness K20% Depth ness K20% to Of For to Of ForWell Bed 5 Bed 5 Bed Bed 9 Bed 9 BedNumber Township (feet)(feet) 5 (feet)(feet) 9 Method used---------------------------------------------------------------------------P- USA-1 SEC 33-29S-24E 4323 8 15.90% 4968 10 10.00% RADIOMETRIC---------------------------------------------------------------------------P- A-1 SEC 2-30S-24E 3599 13 18.00% RADIOMETRIC---------------------------------------------------------------------------P- C-3 SEC 3-30S-24E 4466 7 8.30% 5151 10 19.70% RADIOMETRIC---------------------------------------------------------------------------P- A-2 SEC 10-30S-24E 5544 18 21.60% RADIOMETRIC---------------------------------------------------------------------------P- B-1 SEC 14-30S-24E 4634 3 6.40% 5790 75 Trace RADIOMETRIC---------------------------------------------------------------------------P- B-2 SEC 14-30S-24E 4571 9 22.20% RADIOMETRIC---------------------------------------------------------------------------P- D-2 SEC 13-30S-24E 3551 6.5 16.70% 4357 17 19.20% RADIOMETRIC---------------------------------------------------------------------------P- D-1 SEC 24-30S-24E 3887 8 17.10% RADIOMETRIC---------------------------------------------------------------------------P- C-2 SEC 3-30S-24E 5520 5 21.60% RADIOMETRIC---------------------------------------------------------------------------P- A-814 SEC 14-30S-24E 4514 3 11.40% 5460 13 27.90% RADIOMETRIC---------------------------------------------------------------------------S- 47-17P SEC 17-30S-25E 2706 10 33.40% CORE---------------------------------------------------------------------------S- 88-21P SEC 21-30S-25E 2380 4 28.00% CORE---------------------------------------------------------------------------S- 73-19P SEC 19-30S-25E 3740 3 13.30% CORE---------------------------------------------------------------------------S- 75-12P SEC 12-30S-24E 2538 10 22.50% 3404 6 23.70% CORE---------------------------------------------------------------------------S- 63-29P SEC 29-30S-25E 2633 4.4 15.90% CORE---------------------------------------------------------------------------S- 37-1P SEC 1-30S-24E 2930 6.8 24.50% CORE---------------------------------------------------------------------------S- 77-35P SEC 35-29 2826 ? 3771 19 31.09% CORE 1/2S-34E---------------------------------------------------------------------------S- 77-1P SEC 1-30S-24E 2900 3.86 29.60% CORE---------------------------------------------------------------------------S- 36-29P SEC 29-30S-25E 3854 3.94 14.80% CORE---------------------------------------------------------------------------S- 41-7P SEC 7-30S-25E 2928 4.78 33.06% CORE---------------------------------------------------------------------------



A map showing drill hole locations has been put on the Company's website at: www.ringboltventures.com.

The nature of the potash mineralization, according to the Hite report(The Geology of the Lisbon Valley Potash Deposits, San Juan County, Utah by Robert J. Hite, United States Department of the Interior-Geological Survey, Open-File Report 78-148, 1978), is sylvanite (a mixture of halite and sylvite) with minor carnallite and no other potash minerals identified. His identification is based on analysis of drill core.

The potash beds are contained within the Paradox Evaporate Basin, which has as much as 6,000 feet of salt (halite) contained in 29 separate cycles of salt/clastic material. Eighteen of the cycles contain beds of potash, of which two beds, the no. 5 and no. 9 appear to be the most prospective.

The potash mineralization identified by the 20 wells occurs in the potash beds on the southwest flank of the northwest-trending Lisbon Valley anticline. The dip of the beds is approximately flat in the northwest direction, and is up to 16% in the northeast direction. Published reports indicate that the area is not subjected to the structural complications found on the crest of the Lisbon Valley anticline and on the Cane Creek anticline.

In the 10 wells drilled on the exploration license, potash beds no. 5 and no. 9 were cored and analysis for K2O. The data must be regarded as historical in nature, because it predates 43-101 requirements. Radioimetric logs are also available for these holes; the radiometric data correlates well with the chemical data. The 10 wells on the prospecting permits were logged radiometrically.

The Hite report indicate that the wells were drilled using saturated brine drilling fluid, to minimize solution cavitation. The wells should be re-entered and re-logged, or else re-drilled.

The grade and apparent thickness of the mineralization in the individual holes is shown on the map on the Company website. The true thickness of the mineralized zones is expected to be very close to the apparent thickness, because of the relatively flat nature of the Basin and of the mineralization.

The Company has distributed a research report published on June 4, 2008 by Howlett Research which included a resource estimate for the Paradox Basin. The Company has caused the reference to be deleted from the research report to avoid any confusion.

Stuart Havenstrite, CPG, and Mike Magrum, PEng, both qualified persons under NI 43-101, have approved the technical content of this news release.

RINGBOLT VENTURES LTD.

 

[dukezero]

 

[dukezero]

 

[dukezero]

Rohstoffe-Go - Stuttgart Analysiert man die Marktkapitalisierung der 300 höchstbewerteten Unternehmen der Welt, so zeigt sich, dass Finanzunternehmen verlieren, die Rohstoff-und Energieunternehmen die Gewinner sind. Steigender Bedarf an Rohstoffen und Energie, teurer Ölpreis, das sind die Gründe. Das am höchsten bewertete Unternehmen weltweit ist Exxon Mobil, am zweiten Platz liegt Petrochina, dann kommt Gazprom. Von den 100 teuersten Unternehmen gehören rund ein Drittel dem Rohstoff- und Energiesektor an.

 

[dukezero]

http://www.kitco.com/ind/GoldReport/jul112008.html

 

[dukezero]

Sonntag, 13. Juli 2008
Stahl wird deutlich teurer
ThyssenKrupp macht Druck

ThyssenKrupp-Chef Ekkehard Schulz will höhere Stahlpreise durchsetzen. Kunden, die einen Jahresvertrag mit fest vereinbarten Preisen für dieses Jahr haben, könnten auf der Einhaltung bestehen, aber sie müssten sich "dann darauf einstellen, dass die Preise für das Jahr 2009 deutlich stärker steigen", sagte Schulz dem "Spiegel".

Außerdem könne diesen Kunden nicht garantiert werden, dass sie im Jahr 2009 die gewünschte Menge Stahl von dem Düsseldorfer Konzern erhielten. "Denn unser Qualitätsstahl ist knapp", sagte Schulz dem Magazin. Als Alternative bot er den Unternehmen an, jetzt über eine "neue Vertragslaufzeit beispielsweise vom 1. Juli 2008 bis zum 30. Juni 2009" zu verhandeln.

Kritik der Industrie an den drastisch gestiegenen Stahlpreisen seines Unternehmens wies Schulz zurück. "Wir sind nicht Treiber dieser Entwicklung, sondern Getriebene", sagte er. ThyssenKrupp selber müsse stark gestiegene Preise für Eisenerz und Kohle zahlen und könne nur versuchen, die höheren Kosten wieder hereinzuholen. "Rohstoffe, Brennstoffe und Energie machen 70 bis 80 Prozent der Gesamtkosten pro Tonne Stahl aus."
@n-tv



......die Eisenerzlieferanten sind in einer extrem guten Position gegenüber den Stahlunternehmen (was die massive Preisrunde 2008 zeigte) und diese wiederum scheinen in der Lage zu sein, diesen Druck weitergeben zu können (wenn man sich leisten kann, die Abnehmer "auszusuchen") - perfekte Zeiten für Firmen mit Eisenerz-Deposits Lächeln

 

[dukezero]

Holt Luft nach oben,neben Cardero der fetteste Play. Cuervo braucht nach den Top high grades erstmal eine Resourcenschätzung!

 

[Ollinho]

Hey duke!

-CR5- Cadero Resources

>>> derzeit (in Kürze) interessant für nen Swing (siehe Swingthread)

-AE6- Advanced Explorations

>>> ebenfalls charttechnisch langsam wieder interessant (meine Kaufzone wäre der Bereich um 1,30 Can $ / 0,81-0,82 Euro)


-CRR- Cuervo Resources

>>> heißt es warten auf den ersten NI 43-101 Bericht. Das Warten sollte sich lohnen

dukezero schrieb am 14.07.2008, 10:58 Uhr[/url]"]» zur Grafik

Holt Luft nach oben,neben Cardero der fetteste Play. Cuervo braucht nach den Top high grades erstmal eine Resourcenschätzung!

 

[dukezero]

Bei Cadero ist die nahe Hafenanbindung (2 Eisenerzprojekte)interessant.Bald wird noch ein PP fällig!
Hier kann man gemütlich einkaufen! 8)

 

[dukezero]

Bei AE6 stehen fette News an wie der Chart zu erkennen gibt! In Canada weiss man schon mehr!!

 

[Ollinho]

Steht da nicht auch ein NI Bericht aus? Bzw. mit welchen (event.) News rechnest Du?

dukezero schrieb am 14.07.2008, 12:02 Uhr[/url]"]Bei AE6 stehen fette News an wie der Chart zu erkennen gibt! In Canada weiss man schon mehr!!

 

[Ollinho]

Meine mich erinnern zu können, dass laut AE6-IR "Mitte des Jahres" mit nem NI 43-101 Bericht gerechnet wird...

Ollinho schrieb am 14.07.2008, 12:04 Uhr[/url]"]Steht da nicht auch ein NI Bericht aus? Bzw. mit welchen (event.) News rechnest Du?

dukezero schrieb am 14.07.2008, 12:02 Uhr[/url]"]Bei AE6 stehen fette News an wie der Chart zu erkennen gibt! In Canada weiss man schon mehr!!

 

[dukezero]

AE6 weitere Bohrergebnisse,Ni Resourcenschätzung und Abschluss der Finanzierung Roche Bay!

 

[dukezero]

Bob Moriarty
Archives
Feb 18, 2008

I spent an exciting two weeks in South America recently where I saw some of the best projects I have seen in a long time. First I visited Lima where I toured a silver-zinc-lead project that blew my socks off and I think it will interest you.

Astute readers (are there any others visiting 321gold?) may well remember that I have been warning of a slowdown in base metals for almost a year. But if that's what I believe, why am I in love with a silver-zinc-lead project?

I'm a contrarian. It's my job to measure the temperature of the herd as best I can and figure out where the next stampede is headed. Too many people were in love with zinc, the price rocketed to $2.10 in December of 2006. Soon thereafter, lead shot up to $1.80 by October of 2007. I've been to China several times in the last couple of years. I know what importance they are putting into their Coming of Age Party, the Olympics. You can backtrack and figure that they pretty much bought every ounce of lead and zinc a year in advance. So a slowdown in Chinese production wasn't brain surgery.

We've had our slowdown; zinc dropped to $.98 a couple of weeks ago and lead dropped to $1.10 in December. I was uncomfortable with zinc above $2 and with lead nearby but I'm comfortable at these prices with both. Now is a wonderful time to be buying a near-term producer.

The Santander silver-lead-zinc mine began production some 50 years ago under St Joseph Minerals. The company started production on a silver-lead-zinc carbonate hosted replacement system about 200 kilometers Northeast of Lima, Peru in the high Andes. The project is located at 4600 meters or 15,200 feet.

Peru used to have some silly assed rules about business. St Jo mined the property for a few years then sold it to the contractors. In 50 years, some 8 million tons of about 10% combined lead-zinc with 2 ounce silver ore was mined. But the country required the company to sell the product internationally and to remit the funds to the government. If the product sold for 3 soles, the government would credit them 1.5 soles or a NSR of 50%. It doesn't matter how rich a mine is, you can't make money when the government is literally stealing 50% of what you sell for. And their expenses were all in the higher 3 soles exchange rate. The mine was never profitable. As a result, short cuts were taken on maintenance and it shows.

15 years ago, the project, now under local ownership, went into bankruptcy. There is an existing 1000 TPD mill and facilities for 1000 workers. A stupid-wild-assed-guess would put the value of the plant and equipment at maybe $100 million. Best of all, the project comes with it's own hydroelectric power plant located some 17 KM away. I figure that's easily worth $20 million. It produces 2 MW now but management has plans to upgrade the facility to 8 MW in order to sell 3 MW and use 5 MW in an upgraded 4000 TPD mill planned down the road.

Trevali Resources (CNQ:ZINC) announced the assumption of the project [pdf] a couple of months ago. Terms are fairly simple. They issued 2 million shares and agreed to pay the debts of the bankrupt company and are paying $100,000 in a lease payment monthly for a 50 year lease with an automatic 50 year extension and payment of a 3.5% NSR. So far they have spent about $5 million buying down 91% of the debt. It's a great deal for both companies, the bankrupt company and for ZINC.

Carlos Ballon, also director and VP of Cardero Resources, is Chairman and CEO of Trevali. Mark Cruise, Cardero Resources VP of Exploration, is the President. For now, each is actually operating one level lower than his pay grade. I drove to the power plant with Carlos at 2600 meters elevation where we spent the night. The next day we continued to 4600 meters to the plant and mine.

The nicest thing I can say about Carlos is that he is a slave driver cracking the whip over his entire crew. Everyone involved is 1st class and is hustling. Mark Cruise is supervising a massive drill program to define a major ore body. As the project comes on stream, they will revert to a more managerial role but for now I fully approve. Crack the whip.

The plan is for Mark to outline 5-6 million tons of maybe 13% combined lead-zinc, with maybe 4 ounce silver ready for immediate production. The goal is maybe 10 million tons in total in a year. The system is a carbonate replacement system. These systems typically occur in clusters.

Carlos wants the plant in production in June. The refurb cost to bring the mill to professional standards at 1000 TPD is $3 million. It's very ambitious but all of the people I saw at Santander were motivated. Carlos is setting a very high bar right from the gitgo. Everyone wears and uses safety equipment and undergoes a physical examination to make sure they can take the 15,000-foot elevation before they are allowed on site. He makes it clear that safety is paramount. I was impressed.

The immediate plan is to begin processing the tailings that grade about 3% lead-zinc and 15-gram silver. I've put a chart below to give readers an idea of the gross metal value of such rock. Remember, this stuff has already been crushed and ground so he can be processing and still upgrading his crushing circuit. The rock is worth about $87 per ton today. That doesn't mean they will recover $87, the real figure will be much less. But they are expecting $8 to $10 cost of production per ton so even from the first; cash flow is going to be nice.

As Carlos is getting the plant ready, Mark is working on the mining side with Les Oldham. They have an aggressive drill program in progress. I saw core from the Magistral Norte area, one of four already identified drill targets. The intercepts are very high grade and quite wide. Trevali has finished 18 holes; mineralization appears to be increasing with depth. A back of the envelope calculation showed me they have already identified over 3 million tons of high-grade ore. As the crushing circuit is brought to speed, ZINC will begin to add high-grade ore to the tailings ore. A glance at the chart below shows what's going to happen to cash flow as the plant comes up to full speed.

http://www.321gold.com/editorials/moriarty/moriarty021808/1081.jpg

We can only guess where prices will be for metals a year from now when Carlos and Mark believe they will be in full production at 1000 TPD but my rough figures show $60 million a year in cash flow. If I am right on my prediction of where metals prices are headed and what Bernanke is going to do to the dollar, at 4000 TPD, the figures go off the charts. This is going to be a big deal and a profitable deal.

Carlos doesn't have a firm date on the 4000 TPD production target. Much of it depends on how fast Mark and Les can define ore. They are presently drilling only the first of four very significant high-grade bodies that come right to the surface. Given that the old Santander pipe was mined to 500 meters depth and remains open to depth, it's clear that the project has tremendous upside exploration potential. Two diamond core drill rigs are on site turning and a third will be added by the time you read this. They have also completed a detailed geophysical survey of the 4455-hectare property and have identified 6 additional look-alike anomalies. Odds are that some will turn into ore bodies, remember, carbonate replacement systems come in clusters. The total cost to get it up to 4000 TPD looks to be in the $4.5 to $5.5 million-dollar area. That's not a problem; the company has over $8 million in the bank today.

In any business, managers always seek to create some kind of competitive advantage. You have to be better than the competition at something or they will control your business. Part of this project that I think is ultra-important is the power station. It's located at an elevation of 8500 feet or 2600 meters. The river there runs 12 months a year. The drop is steep so the water is fast. Previous operators put in a Pelton Wheel driven power station now capable of delivering 2MW. The plant is located some 17km from the mine. Trevali will have to increase the flow of water to the station, install more Pelton Wheels and generators and upgrade the line going to the mine. When that is complete, they will not just have free power, it will have a negative cost as they will be selling about 40% of what they generate and the income will pay all of the expense of power generation.

I don't want anyone believing this is going to simply be another Silvercorp [TSX-SVM], rocketing from $.30 to $10 in three years. No, not at all. Silvercorp has about 1.25 million tons of high-grade ore averaging 45-ounce silver and 35% combined lead-zinc. Silvercorp has 7 times the silver grade and almost three times the lead-zinc grade. No, Silvercorp has far better ore. Of course it looks as if ZINC has 8 times the total amount of rock and that number could easily grow. This is going to be a lot better than Silvercorp.

Silvercorp wants to quadruple output to 3000 tons per day in a year when Trevali could be producing 4000 tpd soon thereafter. There may well be a period where Trevali produces more metal than Silvercorp. Today SVM has a $1.4 billion dollar market cap and ZINC has about a $50 million dollar market cap.

Carlos had a consultant do a research study on the value of similar Peruvian mining companies. I think the numbers were a little biased against the local companies because a Canadian listed company is going to get a higher capitalization than a Lima listed company. The results showed that companies got between $800 and $900 per ton of zinc equalivant. If Mark Cruise and Les Oldham can scratch up 10 million tons of ore grading 13% zinc and 6 ounce silver, that would be similar to 17% zinc. 10 million metric tons at $900 a ton of zinc at 17% would be a market cap of $1.5 billion. It's perfectly reasonable.

There are a number of companies loosely associated in the Cardero-Henk Van Alphen fold. Athlone Energy (ATH-V), Wealth Minerals (WML-V), International Tower Hill (ITH-V) and of course Cardero Resources (CDU-V). Each of these companies have great projects and just can't seem to raise traction. A good part of the problem is communication and I have spent a lot of time beating their IR people over the head in an effort to get them to do a better job of communication.

I suspect that with all the activity at Santander, Carlos Ballon and Mark Cruise are going to force the rest of the crew into increasing their speed of action. It takes a high energy level to put a mine and mill back into production and you not only need to act now, you need to communicate now. For example, ATH is producing 630 barrels of oil a day. That should be worth $50,000 in market cap per barrel. The price of oil says ATH should be worth $31.5 million. But the market only values ATH at $15 million. A large part of the reason is because they refuse to communicate. Basically if you don't communicate your story, you don't have a story.

Cardero is doing a long overdue scoping study on their Pampa de Pongo Iron Deposit in Peru. Iron ore should be worth about $2 a ton in market cap. PDP has a 953 million ton resource. That implies a $1.8 billion dollar cap for Cardero if the market understood what they have. The market does not and the current market cap is about $55 million.

By getting Santander into production in record time, the management team of Trevali is not only going to lift their market value, they are going to focus very positive attention on the rest of the stable. And I suspect this is going to be one of the big market hits where a lot of people make a lot of money.

http://www.321gold.com/editorials/moriarty/moriarty021808/1091.jpg

If Carlos needs someone to polish his bull whip or iron it or do whatever you do with a bull whip in between beatings, I'll be happy to do it. I want to see the entire group do what I have believed all along they could do.

As you can reasonably surmise, I am a shareholder in ZINC. They are soon to be an advertiser and I am as biased as I can be. They have a lot of work ahead of them to accomplish their goals but it's all reasonable and possible. As negative as I am on the future of the economy in the US, I am positive for the rest of the world. There will be demand for silver as money and for lead-zinc as commodities. If the American consumer is tapped out, I'm sure some of those wonderful 1.3 billion Chinese who save almost 50% of their incomes will step in and do some consumption of their own.

Trevali Resources Corp
CNQ:ZINC $2.40 Canadian (Feb 15, 2008)
OTCBB:TREVF
28.8 million shares
Trevali Resources Corp website

###

Feb 18, 2008
Bob Moriarty
President: 321gold
Archives



http://www.trevaliresources.com/s/Home.asp

 

[Ollinho]

dukezero schrieb am 14.07.2008, 12:08 Uhr[/url]"]AE6 weitere Bohrergebnisse,Ni Resourcenschätzung und Abschluss der Finanzierung Roche Bay!

Stimmt!! Die Finanzierung ist ja in mehreren Tranchen am laufen (mit guten Konditionen )

Ok thx. Chart sieht verräterisch aus Da scheint man sich zu positionieren.


Bei Cuervo Resources ist der NI nun echt überfällig . Wie immer: ...Geduld

 

[dukezero]

Ollinho schrieb am 14.07.2008, 12:13 Uhr[/url]"]

dukezero schrieb am 14.07.2008, 12:08 Uhr[/url]"]AE6 weitere Bohrergebnisse,Ni Resourcenschätzung und Abschluss der Finanzierung Roche Bay!

Stimmt!! Die Finanzierung ist ja in mehreren Tranchen am laufen (mit guten Konditionen )

Ok thx. Chart sieht verräterisch aus Da scheint man sich zu positionieren.


Bei Cuervo Resources ist der NI nun echt überfällig . Wie immer: ...Geduld

Ich vermute, dass aktuelle Bohrergebnisse einfliessen, darüberhinaus stehen in Canada alle Schlange!!!!!

 

[dukezero]

dukezero schrieb am 14.07.2008, 12:01 Uhr[/url]"]Bei Cadero ist die nahe Hafenanbindung (2 Eisenerzprojekte)interessant.Bald wird noch ein PP fällig!
Hier kann man gemütlich einkaufen! 8)

Pampa de Pongo:
- 953mio Tonnen Eisenerz mit ~45%FE nach NI 43-101
- Erweiterungspotenzial bis zu 1,5 Milliarden Tonnen (konservativ)

 

[dukezero]

Ich gehe davon aus,dass versucht werden wird AE6 und Cardero zu übernehmen.
Die Big Player haben für die Eisenerzverarbeiter zuviel Macht!!

 

[Ollinho]

dukezero schrieb am 14.07.2008, 12:25 Uhr[/url]"]Ich gehe davon aus,dass versucht werden wird AE6 und Cardero zu übernehmen.
Die Big Player haben für die Eisenerzverarbeiter zuviel Macht!!

Der Eisenerzsektor hat "Hype-Potential"! Die exorbitanten Eisenerzpreis-Entwicklungen der letzten Wochen und Monate haben sich im Sektor bzw. in den Aktienkursen noch nicht signifikant niedergeschlagen. Man denke nur mal an den Kohlehype der am laufen ist (+Potash).

Die Eisenerzpreise sind regelrecht explodiert! Wie du sagst werden die Big Player handeln und sich top Projekte einverleiben. Wann das sein wird bleibt abzuwarten, nur ewig sollte dies nicht mehr dauern.

Cuervo wird bei erfolgreichem NI in den Club der Übernahmekandidaten aufsteigen wie ich hoffe!

 

[dukezero]

http://www.goldseiten.de/content/diverses/artikel.php?storyid=7758


Silberchart! 8)

 

[dukezero]

 

[greenhorn]

Jul 14, 2008 08:00 ET
Goldsource Commences Border Coal Drill Program
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2008) - Goldsource Mines Inc. (the "Company") (TSX VENTURE:GXS) is pleased to announce that it has commenced drilling the first of seven additional core holes on its coal permits of the Border Property near Hudson Bay, Saskatchewan. The Company intends to re-drill the two discovery holes, the results of which were announced previously. The first hole to be drilled in this sequence is BD08-1 (see attached drill plan, available at: http://media3.marketwire.com/docs/goldmap.JPG).

This drill program has been designed to:

- Establish the continuity and the thicknesses of the Durango coal seam (see attached cross section, available at: http://media3.marketwire.com/docs/goldmap.JPG);

- provide broader and better information on coal quality;

- give insight into the orientation of the coal basin(s); and

- provide the optimum hole spacing for an initial inferred resource estimate.

Independent qualified persons from Norwest Corporation ("Norwest") will be present for initial drilling to inspect coal intercepts, establish coal sampling and handling protocols, quality assurance and control and set up a standardized coal logging system. Samples will be shipped to Loring Labs in Calgary for analysis based on Norwest's recommendations.

Upon successful completion of this initial drill program, the Company plans to complete a NI 43-101 Technical Report including initial resource estimates. Also, based on the success of drilling, a Preliminary Assessment to quantify potential markets, transportation, preliminary capital and operating costs will be considered. Permitting of a major drill program for the winter of 2008-2009 is currently underway.

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

 

[dukezero]

Temex intersects high grade gold on Timmins Gold Project
TEMEX RESOURCES CORP TME
7/14/2008 8:24:48 AM
TORONTO, Jul 14, 2008 (Canada NewsWire via COMTEX News Network) --

TSX Venture Exchange:TME, Frankfurt Exchange:TQ1

Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or the "Company") announces assay results from the recently completed 3,325 metre diamond drilling program on the Broulan Reef Mine portion of the Whitney Township Property in the world-class Timmins gold camp where gold production to date exceeds 65 million ounces. A $2.0 million budget has been allocated for exploration on the Property which encompasses several former gold producers including the former Broulan Reef and Hallnor Mines, the latter of which was one of the highest grade gold mines in the Timmins gold camp. Historical production totalled more than 1.65 million ounces of gold at an average grade of 0.40 opt (13.71 g/t).


<<
Highlights
- Significant and high grade gold values intersected near surface with
visible gold observed in quartz vein systems in 10 of 12 holes within
the C Zone area and former Broulan Reef mine crown pillar, hanging
wall and foot wall zones.
- TW08-67 intersected 33.46 g/t gold over 5.40 metres including 62.99
g/t gold over 2.80 metres, and a second lower interval of 2.29 g/t
gold over 7.10 metres.
- TW08-69 intersected 3.58 g/t gold over 6.60 metres including 8.33 g/t
gold over 0.80 metres.
- Additional drilling being planned on near surface targets.
- 15,000 metre diamond drilling program in progress with the former
Hallnor Mine boundary as the primary target.
>>

A 19-hole 3,325 metre shallow level diamond drilling program was recently completed on the Broulan Reef portion of the Whitney Township Property to test for near surface gold mineralization which could be extracted either by open pit mining methods or by utilizing the existing underground mine workings.

Eight holes (TW08-66 to 73) were drilled in the crown pillar, hanging wall and foot wall areas and immediately west of the former Broulan Reef Mine workings to explore for additional near surface flat vein zones outside areas where remaining historical, non compliant with National Instrument 43-101 resource blocks exist. These lower grade flat vein zones have historically had very erratic gold mineralization but were successfully bulk mined from underground with significantly higher grades being obtained than indicated by drilling. Seven of these eight holes had visible gold within the quartz-carbonate vein and stringer zones with encouraging intercepts coming from the crown pillar/foot wall area where the drilling expanded on the foot wall mineralization (0.046 opt gold over 68.4 feet including 0.104 opt gold over 20.5 feet) found in historical hole BR89-09. The best intercepts obtained from the current program are from hole TW08-67 which intersected 33.46 g/t gold over 5.40 metres, including 62.99 g/t gold over 2.80 metres, and a second lower interval of 2.29 g/t gold over 7.10 metres. TW08-69 intersected 3.58 g/t gold over 6.60 metres including 8.33 g/t gold over 0.80 metres, TW08-71 intersected 30.13 g/t gold over 0.90 metres, and TW08-73 intersected 49.37 g/t gold over 0.80 metres.

Four holes (TW08-62 to 65) were drilled east and west of the C Zone to explore for additional low grade, near surface gold mineralization. Significant gold values were obtained in several quartz veined zones with visible gold observed in three of the four holes. The best values obtained were 2.35 g/t gold over 7.30 metres, 5.60 g/t gold over 1.80 metres and 2.23 g/t gold over 4.40 metres.

Also as part of this program, several shallow holes were drilled on the northwestern Variolitic Hyaloclastite horizon. Seven holes (TW08-55 to 61) were drilled to test the Variolitic Hyaloclastite horizon, previous drill intercepts, various basal till gold anomalies and related geological targets in the northwestern portion of the Property. No significant results were obtained and the source of the basal till anomalies remains unexplained.

Commented Ian Campbell, President and CEO, "We are very encouraged by the results of this drilling program, particularly when they are considered with the near surface gold mineralization previously intersected by our drilling campaigns in 2005 and 2006 immediately west of the mine workings. As a result, additional drilling to further define and expand on these near surface mineralized zones is currently being done, while at the same time we have just begun a 15,000 metre deep diamond drilling program mainly targeting the former Hallnor Mine west boundary area. The presence of significant high grade historical drill intersections outside of the Lower Hallnor Mine workings are an indication of the excellent potential to build further resources on this very exciting property, and these include an extremely high grade interval grading 40.84 opt gold over 9.5 feet and also intersections such as 0.65 opt gold over 15 feet."

The Whitney Township Property is owned by Porcupine Gold Mines (a joint venture between Goldcorp Inc. and Goldcorp Canada Ltd.). Temex has the option to earn a 60% interest in the entire Broulan Reef portion of the Property and below the 1,000 foot level on the contiguous Hallnor Mine Property by making expenditures of $4.0 million over 4 years. As of May 26, 2008, Temex has completed $2.0 million of exploration expenditures as required prior to the third anniversary of the Agreement. The Whitney Township Property is a significant asset to Temex and management believes there is excellent potential to identify mineral resources in and around the former high grade mining operations.

Henry Hutteri, P. Geo., is the designated qualified person responsible for the preparation of this news release. Temex is a well-funded Canadian exploration company advancing its precious metal, nickel, diamond, and uranium projects in Ontario. Investors are invited to visit the Temex IR Hub at http://www.agoracom.com/ir/Temex where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to TME@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell

President and CEO

*The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this news release*

 

[greenhorn]

Jul 14, 2008 09:00 ET
SearchGold Completes a $500,000 Financing.
MONTREAL, QUEBEC--(Marketwire - July 14, 2008) - SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) is pleased to announce the closing of a non-brokered financing for an amount of $500,000. The Corporation will issue 500 units, each unit including 10,000 common shares of the Corporation at a price of $0.10 per share and 10,000 common share purchase warrants of the Corporation. Each Warrant entitles its holder to purchase one common share of the Corporation at the purchase price of $0.15 per common share at any time before July 11, 2009. These new shares are subject to a 4-month minimum hold period. 2 officers participated to this financing.

In connection with this financing, a 9 % cash finder's fee will be paid out to the following participants. The Corporation will also grant the following participants, finder's warrants to acquire the number of units equal to 10 % of the units subscribed for by the participant's investors. Each finder's warrant shall be exercisable into 1 unit at a price of $0.10 per unit valid until July 11, 2009.




----------------------------------------------------Participants Finder's Fee Finder's Warrants----------------------------------------------------Lightyear Capital Inc. $13,500.00 150,000----------------------------------------------------Jennings Capital Inc. $10,620.00 118,000----------------------------------------------------Wolverton Securities Ltd. $9 450.00 105,000----------------------------------------------------Loeb Aron & Company Ltd. (UK) $2,250.00 25,000----------------------------------------------------Brant Securities Ltd. $1,800.00 20,000----------------------------------------------------Research Capital Corporation $1 350.00 15,000----------------------------------------------------Union Securities Ltd. $900.00 10,000----------------------------------------------------



This financing is subject to the approval of the TSX Venture Exchange.

About SearchGold Resources Inc.

SearchGold Resources is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Africa. The expansion strategy executed in 2006 has set the stage for the Company's development in 2007 through increased activity on the advanced projects, a new acquisition and the segmentation of its activities to unlock value for its shareholders. SearchGold's diamond assets were re-organized along with Mano River Resources Inc., to create an integrated diamond company called Stellar Diamonds Limited of which SearchGold holds 2.7 million shares. SearchGold's Canadian gold assets were also re-organized through the creation of Golden Share Mining Corporation (GSH-TSXV), a dynamic junior exploration company focused on gold exploration in Canada.

If you would like to receive press releases via e-mail please contact: info@searchgold.ca


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

 

[dukezero]

Rohstoffe-Go - Stuttgart Die chinesischen Hüttenbetriebe wollen ihre Produktion herunterfahren. Die Herstellung von Aluminium benötigt viel Energie. Ein Drittel der Kosten müssen für Energie aufgewendet werden. So reagiert der Preis für Aluminium bei der aktuellen Energiekrise sehr empfindlich. Seit Jahresanfang ist der Preis für Aluminium um 37 Prozent angestiegen. Aufgrund des Strommangels könnte es vielleicht passieren, dass die geplanten Produktionserweiterungen nicht stattfinden können. Im Moment gibt es noch einen Marktüberschuss von etwa 800.000 Tonnen, so Macquarie, das könnte sich jedoch bald ändern.

 

[Ollinho]

AE6 Halted!!!! :D

 

[greenhorn]

Ollinho schrieb am 14.07.2008, 15:07 Uhr[/url]"]AE6 Halted!!!! :D

 

[dukezero]

dukezero schrieb am 14.07.2008, 10:58 Uhr[/url]"]» zur Grafik

Holt Luft nach oben,neben Cardero der fetteste Play. Cuervo braucht nach den Top high grades erstmal eine Resourcenschätzung!

 

[dukezero]

Die Rostlauben machen sich schick für eine baldige Übernahme!

 

[Ollinho]

Heute Morgen noch drüber geredet @ duke

dukezero schrieb am 14.07.2008, 15:15 Uhr[/url]"]Die Rostlauben machen sich schick für eine baldige Übernahme!