Rohstoffthread (Archiv)

[greenhorn]

http://www.marketwire.com/press-release/Searchgold-Resources-Inc-TSX-VENTURE-RSG-889076.html
Aug 13, 2008 09:00 ET
SearchGold Reports an Open Pit Gold Reserve of 150,000 Ounces of Gold Included in a New Resource Estimate of 230,000 Ounces of Gold for Bakoudou-Magnima Pro
MONTREAL, QUEBEC--(Marketwire - Aug. 13, 2008) - SearchGold Resources Inc. (TSXV:RSG)(FRANKFURT:S1O)("SearchGold") is pleased to announce it has received an independent, 43-101 compliant, Mineral Resource and Mineral Reserve estimate for Zone A on its Bakoudou-Magnima Gold Project located in Gabon, Africa. The estimates were prepared as part of the bankable feasibility study completed by Managem, SearchGold's majority partner on the project.

The Bakoudou's Zone A mining project foresees the construction of an open pit gold mine with a projected mine life of 3.5 years. It will produce approximately 40,000 ounces of gold per year over the life of the project from a gravity concentrating plant processing near surface saprolite gold mineralization.

According to the feasibility study, Bakoudou's Zone A holds a Measured and Indicated Resource of 230,000 ounces of gold including a Proven and Probable Reserve of 150,000 ounces of gold. These reported figures represent total reserves and resources contained in Zone A owned by Ressources Golden Gram Gabon SARL ("REG"). As of today, SearchGold owns 36% of REG and as part of the Managem-SearchGold Joint Venture Agreement, SearchGold's ownership of REG will stand at 27% once regulatory documentation following the acceptance the bankable feasibility study is completed.

The Mineral Reserve estimate was prepared by Reminex, an independent Moroccan Engineering Firm, and is based on a Mineral Resource estimate audited by Systemes Geostat International Inc. ("Geostat") of Montreal, Quebec, Canada.

Highlights of the Managem Feasibility Study




Mineral Reserve Estimate:- Proven Mineral Reserve: - 0.58 million tonnes grading 2.54 g/t gold (47,600 ounces)- Probable Mineral Reserve: - 1.12 million tonnes grading 2.98 g/t gold (107,100 ounces)
Mineral Resource Estimate :- Measured Mineral Resource: - 0.53 million tonnes grading 2.84 g/t gold (48,400 ounces)- Indicated Mineral Resource: - 1.87 million tonnes grading 3.06 g/t gold (184,000 ounces)

 

[greenhorn]

Aug 13, 2008 09:01 ET

Exeter Resource Corporation: Cerro Moro Metallurgy Indicates +90% Recoveries for Both Gold and Silver From High-Grade Mineralization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2008) - Exeter Resource Corporation (TSX VENTURE:XRC)(AMEX:XRA)(FRANKFURT:EXB) ("Exeter" or the "Company") reports that metallurgical recoveries averaging 99% for gold and 92% for silver have been obtained from recent testwork. The testwork was conducted on representative composite samples taken from four of the most important high grade mineralized zones at its Cerro Moro project in Santa Cruz Province, Argentina.

In September 2007, Exeter reported good gold recoveries and acceptable, but variable, silver recoveries from selected assay reject samples in preliminary metallurgical testwork. The recent metallurgical program, which targeted in particular improved silver recoveries, was carried out on representative diamond drill core intersections and included simulated gravity concentration and flash flotation stages within a milling circuit followed by conventional leaching.

Detailed Test Results:

Metallurgical flowsheet development is being carried out on eight composites comprised of drill core intersections from separate mineralized zones at Cerro Moro. The first phase of the current testwork program was designed to be carried out on the four zones where most holes have been drilled to date, thereby providing a larger amount of material for initial metallurgical investigation. The four zones tested were Escondida Central - Oxide, Escondida Central - Fresh, Escondida East and Gabriela.

Test results are summarized in the following table and figures:




-------------------------------------------------------------------------- Gold Silver ------------------- ------------------- Head Head Silver: Grade Recovery Tail Grade Recovery Tail GoldZone g/t % g/t g/t % g/t Ratio--------------------------------------------------------------------------Gabriela 0.83 97.7 0.02 129 93.3 9 155--------------------------------------------------------------------------Escondida East 9.49 99.6 0.04 129 91.2 12 14--------------------------------------------------------------------------Escondida Central - Oxide 19.7 99.5 0.11 686 90.1 73 35--------------------------------------------------------------------------Escondida Central - Fresh 19.4 99.7 0.06 558 92.3 46 29--------------------------------------------------------------------------



To view figures, please click on the following link: http://media3.marketwire.com/docs/XRC0813_Graphs.jpg

With overall precious metal recoveries high, it is significant to note the role of each of the three recovery processes is contributing differently, but effectively, to the total recovery in each composite tested. The results also demonstrate the value of conventional leaching as a scavenger process in achieving high recoveries of both metals.

Jerry Perkins, metallurgist and Exeter's VP of Development, commented: "High silver recoveries will be extremely important at Cerro Moro, as drilling results to date suggest that silver may contribute some 40% of revenue from potential production from the gold-rich Escondida vein where silver/gold ratios appear to increase with depth, a trend that may be similar at other gold-rich veins.

"The ability to recover +90% of both the gold and silver will have a very positive impact on the economics of the project particularly with silver potentially comprising 80% of the future metal value in some veins, such as Gabriela.

"These new results suggest that the selected flowsheet will be effective in dealing with the different high grade zones and the variable styles of mineralization found at Cerro Moro. It is a simple flowsheet that has so far demonstrated the potential to provide high recoveries irrespective of grade or location.

"The second phase of the current testwork program, now well advanced, is testing the flowsheet on composites from Esperanza (Central and East), Loma Escondida and the Escondida West zones. As discoveries such as the Escondida South zone (announced recently) are made, we will add new composites to the testwork series.

"We expect to complete resource estimates in the second quarter of 2009, which will be followed by a scoping study using the metallurgical and other infrastructure studies that we currently have underway. We plan to expedite the various development studies to allow for a development decision later in 2009."

Quality Control and Assurance

Jerry Perkins, a "Qualified Person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has supervised the preparation of the technical information contained in this report.

About Exeter

Exeter Resource Corporation is a Canadian mineral exploration company focused on the discovery and development of gold and silver properties in South America. The Company currently has $30 million in its treasury.

The Company has secured rigs for a planned +40,000 m (+125,000 ft) drilling program on its Caspiche Gold-Copper Project in Chile (option over 100%), expected to commence in the first week of October, 2008 (weather permitting). The project is located between the Refugio mine (Kinross Gold Corp.) and the giant Cerro Casale gold-copper project (Barrick Gold Corp. and Kinross Gold Corp.). Details of the planned program will be reported in September.

The Cerro Moro Gold-Silver Project (100% owned by Exeter) in Santa Cruz Province, Argentina, is generating high grade to 'bonanza grade' drilling results within an extensive epithermal vein system. Exeter is currently working through a back-log of some 8,000 samples being assayed and expects it to clear over the next two months. Important results will be released as they are received. Drilling is continuing utilizing three drill rigs with our focus being to establish a high grade gold-silver resource amenable to open pit mining by the second quarter of 2009.

As a result of anti-mining legislation passed in 2007 in Mendoza Province, Argentina, the further development of the advanced Don Sixto Gold Project has been put on hold. The Company has filed suit in the Mendoza Courts to challenge the constitutionality of the new legislation, which has the effect of banning conventional gold mining in the province. The Company will continue to work with authorities in Mendoza, and with representatives of other mining companies, to effect legislative amendment.

The Company has a broad foothold in the Patagonia region through separate strategic alliances with Cerro Vanguardia S.A. (an AngloGold Ashanti subsidiary), and Rio Tinto Mining and Exploration Chile.

You are invited to visit the Exeter web site at www.exeterresource.com.

EXETER RESOURCE CORPORATION

Bryce Roxburgh, President and CEO

 

[greenhorn]

Aug 13, 2008 10:17 ET
Vena Acquires 100% of Coal Company in Peru and Provides Development Plans for Peruvian Anthracite Coal Market
TORONTO, ONTARIO--(Marketwire - Aug. 13, 2008) - Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R) announces it has now acquired 100% of Sudamericana de Carbon (SDC), a Peruvian company focused on the exploration, development and mining of anthracite coal. As previously announced on February 26, 2008, Vena had entered into an agreement with SDC whereby Vena could earn a 70% interest in SDC by spending US$2.5 million in exploration costs. To acquire 100% of SDC, Vena has agreed to issue 750,000 common shares in lieu of the US$2.5 million investment. In addition, the Company has agreed to issue 200,000 options to each of the three founders of SDC with each option being exercisable at $0.60. The acquisition is subject to regulatory approval.

"This acquisition further expands and strengthens Vena's anthracite coal position in Peru," said Juan Vegarra, Chairman and CEO of Vena Resources. "Vena is now positioned to capitalize on the growing demand for clean energy in Peru and neighboring countries."

According to 2006 report by the USGS, the most extensive and potentially most productive coal producing areas in Peru are the "Northern Anthracite Field" in northern Peru, which includes the Alto Chicama and the Santa basins. Further, a government study (INGEMMET) published in October 2000 estimated coal resources in Peru to be 1,054 million tones, with approximately 52% of those anthracite/meta-anthracite resources estimated to exist in the Alto Chicama region. This tonnage is historical and non 43-101 compliant.

Field investigations are underway in both the Alto Chicama and the Santa basins (located in the Ancash and La Libertad departments) to significantly increase SDC's portfolio of producing assets. All properties being evaluated are located in well known anthracite producing areas. Currently, there are no large scale commercial anthracite operations in Peru and local producers have been incapable of satisfying Peruvian market participants that have a growing demand in excess of 500,000 tonnes per annum.

Field assessments of these properties by SDC geologists has confirmed excellent mining potential of anthracite seams that outcrop over hundreds of metres and vary in thickness from 0.9 to 2.0 metres. Sampling shows excellent coal quality as highlighted in the table below:




---------------------------------------------------------------------------Ash Content less than 8% Volatiles less than 8%---------------------------------------------------------------------------Sulphur less than 0.70% High Fixed Carbon Content greater than 83%---------------------------------------------------------------------------



SDC's immediate commercial plans include the purchase of an additional briquetting plant to meet the needs of several clients including local steel producers. During the first half of 2008, SDC supplied a local mill with anthractice from a small pilot mining operation in Alto Chicama. The average quality of the mined anthracite was: 81% FC, 4% VM, 15% ash and 0.7% sulphur.

SDC's experienced team of coal experts include: Carlos Soldi, Roberto Obradovich, Luis Moran and Rolando Carrascal. Carlos Soldi is a Civil and Mining Engineer with 30 years experience in mining and environmental engineering. He is a founder of SDC and currently acts as General Manager. Prior to joining SDC he was Director of Procarbon, Peru's national coal agency a position he held during his academic career as Head of the Mining Engineering Department of the Catholic University for 23 years. Roberto Obradovich has a BA degree and more than 30 years experience in the mining industry both locally in Peru and internationally as well. He is also a founder and currently responsible for business development for SDC. Prior to joining SDC, Mr. Obradovich was an independent businessman involved in the export of phosphate. Luis Moran is a Chemical Engineer with many years in the Peruvian mining industry in senior positions both in the private and public sectors. He too is a founder of SDC and focuses on technical aspects of SDC's portfolio. Rolando Carrascal holds a PhD in Geology and has 25 years of experience in coal and mineral exploration. Mr. Carrascal is a consultant to SDC and is well known in the Peruvian coal exploration industry and is a co-author of a comprehensive technical assessment book on Peruvian coal resources. This experienced team coupled with Rod Ogilvie, Vena's Vice President of Engineering who has previous experience with Fording Coal, Denison Mines, and CVRD Mongolia, makes a strong technical team to advance the anthracite exploration, development and mining in Peru.

About Vena Resources

Vena Resources Inc. is a Canadian mining company focused on the exploration and development of Peru's mineral potential. Employing a model of diversification across metals and regions in Peru to mitigate investment risk, the Company consists of four divisions: Mining, Energy, Precious Metals and Base Metals. Vena's zinc project, Azulcocha, with an initial NI 43-101 resource estimate of almost 200 million pounds is scheduled to commence production in fall 2008. Together with the Company's strategic partners, Cameco and Glencore, Vena will advance its significant portfolio of almost 100,000 hectares this year. Through its board of directors, Vena Resources possesses a unique quality of skills and experience in management, mining and finance relating to Peru and Canada.

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Shares Outstanding: 71,659,073

Fully-Diluted: 92,660,644


The TSX does not accept the responsibility for the adequacy or accuracy

 

[dukezero]

Advanced Explorations Engages Miller Mathis & Co.
ADVANCED EXPLORATIONS INC AXI
8/13/2008 10:27:53 AM
TORONTO, Aug. 13, 2008 (Canada NewsWire via COMTEX News Network) --

Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce it has engaged Miller Mathis & Co. LLC ("Miller Mathis" or "the Advisor") for the purpose of assisting the Company in finding strategic and/or financial partners to further its Roche Bay Project in Nunavut, Canada. As the Company expects to release its preliminary economic assessment in the near future, it is looking for a partner with the capability, depth and experience that will enhance the development of the Company's Roche Bay Project.


<<
John Gingerich, President and CEO of AEI, commented;

"Introducing a financial or strategic partner to our project is the
next important step supporting our efforts to advance the Roche Bay
Project to a development stage. We are pleased to be able to engage a
reputable organization such as Miller Mathis in assisting us with
this process."

Robert M. Miller, Senior Managing Director of Miller Mathis, said:

"We are delighted to assist the company in finding a
strategic/financial partner to develop the Roche Bay project. We
believe that the company and the project have a number of compelling
attributes that will make it desirable to the investment and mining
community."
>>

The Company also wishes to announce that in furtherance to the press releases dated June 13, 2008 and July 17, 2008, the Company will not proceed with the Melville Capital Corporation debenture and equity financing. AEI is looking forward to the new opportunities that the Miller Mathis team can bring forward.

ON BEHALF OF THE BOARD

John Gingerich, President & CEO

ABOUT Advanced Explorations Inc.

AEI, based in Toronto, Canada, is exclusively focused on developing high quality iron ore opportunities. In early 2007 the Company expanded its capabilities in iron ore exploration and development with the acquisition of strategic management personnel. AEI has the management, technical and exploration expertise and experience to rapidly advance the Roche Bay magnetite project, which was acquired in June 2007, as well as, to develop new opportunities in the area and globally. The Roche Bay magnetite project is located proximal to a natural harbour which makes it potentially one of the world's premier iron ore opportunities. Shares of the company trade on the TSX Venture Exchange under the symbol AXI. For more information please visit www.Advanced-Exploration.com.

ABOUT Miller Mathis & Co. LLC

Miller Mathis is an affiliate of Rodman & Renshaw, a U.S.-based broker dealer (NASDAQ: RODM). Miller Mathis is widely recognized as the No. 1 independent investment bank to the global steel, metals and mining sector. The company specializes in strategic advice and mergers and acquisitions, with particular experience in finding strategic or financial partners and buyers for development stage projects and companies. Robert M. Miller, the Senior Managing Director of Miller Mathis, is an internationally renowned expert in steel, metals and mining.

<< THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN. >>

This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: Advanced Explorations Inc.

(416) 203-0057 x226
Copyright (C) 2008 CNW Group. All rights reserved.

 

[greenhorn]

Largo,Largo....................was soll das?

 

[Ollinho]

greenhorn schrieb am 13.08.2008, 16:57 Uhr[/url]"]Largo,Largo....................was soll das?
» zur Grafik

Im Moment geht nix aber auch garnix im Sektor..... abartiger Markt!

Longposi bleibt eh drin bis 2010/2011 aber ist schon heftig mitanzusehen, dass jegliche Bewertungsansätze über Board geworfen werden und nur noch Panik herrscht.

 

[dukezero]

Bei Ae6 wird noch eine weitere News erwartet!

 

[dukezero]

Ich gehe davon aus, dass 2009 ein grotten Jahr wird. Mich hat vor mehreren Tagen ein
Statement von der Commerzbank hellhörig gemacht. dass auch sogenannte Asset Papers guter
Bonität in den Fokus rücken!

Mein Augenmerk richte ich auf Eisenerz, da die Preise von BHP,Rio Tinto und Vale bestimmt werden!
Gute Chancen auch bei Kali und Kohle!!

 

[Ollinho]

dukezero schrieb am 13.08.2008, 17:36 Uhr[/url]"]Ich gehe davon aus, dass 2009 ein grotten Jahr wird. Mich hat vor mehreren Tagen ein
Statement von der Commerzbank hellhörig gemacht. dass auch sogenannte Asset Papers guter
Bonität in den Fokus rücken!

ABS oder allgemeine Asset Papers?

In Bezug auf was grotte? Gesamtmärkte oder speziell die Rohstoffmärkte?

 

[dukezero]

Ollinho schrieb am 13.08.2008, 17:39 Uhr[/url]"]

dukezero schrieb am 13.08.2008, 17:36 Uhr[/url]"]Ich gehe davon aus, dass 2009 ein grotten Jahr wird. Mich hat vor mehreren Tagen ein
Statement von der Commerzbank hellhörig gemacht. dass auch sogenannte Asset Papers guter
Bonität in den Fokus rücken!

ABS oder allgemeine Asset Papers?

In Bezug auf was grotte? Gesamtmärkte oder speziell die Rohstoffmärkte?

Ich denke die Gesamtmärkte.Rezesionsgefahr im Euroraum. Ich bin schon gespannt auf die Q3 Zahlen des deutschen Mittelstandes.

Rohstoffe parziell werden wieder ein bisschen anlaufen. Kohle,Kali,Eisenerz,Solar aber es wird schwer.

Ich denke man sollte verstärkt zu unseren Rohstoffwerten einen guten Kontakt zum Management pflegen. Macht sich ja durchaus gut, wie man sieht!

Im Hauptthread wurde diese News von der Commerzbank vor 2-3 Tagen gepostet!

 

[dukezero]

Gut gefällt mir ITH,Cardero,Arise,Cuervo,Raytec,Sabina ,Largo wird auch kommen.....

 

[greenhorn]

stimme dir zu - und natürlichen unsere anderen Leckerli´s..........

heute erholen sich sogar ein paar von den Produzenten............. wurde auch Zeit und ich hoffe das hält an!!!!!

 

[greenhorn]

die Sabine haste jetzt aber noch reingeschoben...........

 

[Ollinho]

Ich bleibe ebenso bullish für Molybdän! Hab da gute Kontakte zum Management eines Maschinenbauers der mich da immer mit dem Zuschlag für die Legierungen auf dem Laufenden hält und die gehen klar von einem Nachfrageüberhang aus. Selbst bei Nickel sehen die jetzt nur ne Delle und dann wieder langsam ansteigende Notierungen wie bei weiteren Industriemetallen auch.

Zeitversetzt rechnen die mit rezessiven Auswirkungen Ende 2009 und 2010 bei uns augehend von der Automobilbranche und dem gesamten Zulieferbereich! Aber nat. alles ohne Gewähr und reiner interner Unternehmensausblick in Bezug auf die Märkte. Eine tiefgreifende Rezession oder gar Depression wird nicht vermutet sondern eher partielle Nackenschläge die dann eher eine Art Stagnation hervorrufen sollten.

Neben Moly, Wolfram, Eisenerz, Düngemittel sollte man sich auch Niob und Tantal auf die Agenda schreiben. Beide mit sehr guter Preisentwicklung und 2009 soll ne neue Preisrunde mit deutlichen Aufschlägen kommen.

dukezero schrieb am 13.08.2008, 17:44 Uhr[/url]"]

Ollinho schrieb am 13.08.2008, 17:39 Uhr[/url]"]

dukezero schrieb am 13.08.2008, 17:36 Uhr[/url]"]Ich gehe davon aus, dass 2009 ein grotten Jahr wird. Mich hat vor mehreren Tagen ein
Statement von der Commerzbank hellhörig gemacht. dass auch sogenannte Asset Papers guter
Bonität in den Fokus rücken!

ABS oder allgemeine Asset Papers?

In Bezug auf was grotte? Gesamtmärkte oder speziell die Rohstoffmärkte?

Ich denke die Gesamtmärkte.Rezesionsgefahr im Euroraum. Ich bin schon gespannt auf die Q3 Zahlen des deutschen Mittelstandes.

Rohstoffe parziell werden wieder ein bisschen anlaufen. Kohle,Kali,Eisenerz,Solar aber es wird schwer.

Ich denke man sollte verstärkt zu unseren Rohstoffwerten einen guten Kontakt zum Management pflegen. Macht sich ja durchaus gut, wie man sieht!

Im Hauptthread wurde diese News von der Commerzbank vor 2-3 Tagen gepostet!

 

[dukezero]

greenhorn schrieb am 13.08.2008, 18:02 Uhr[/url]"]die Sabine haste jetzt aber noch reingeschoben...........

Weil die auch richtig gut Cash haben. 45 Mio Cad

 

[dukezero]

Raytec zieht gut an!

 

[greenhorn]

dukezero schrieb am 13.08.2008, 18:43 Uhr[/url]"]Raytec zieht gut an!

 

[dukezero]

greenhorn schrieb am 14.08.2008, 10:07 Uhr[/url]"]

dukezero schrieb am 13.08.2008, 18:43 Uhr[/url]"]Raytec zieht gut an!

» zur Grafik

Wenn da jetzt was kommt,aber hallo.

 

[greenhorn]

gefällt.............

greenhorn schrieb am 13.08.2008, 12:58 Uhr[/url]"]aah - ist sogar im Musterdepot! - KGV von 5 , mit der neuen Mühle und der erwarteten Outputsteigerung sogar noch weniger.................
wird eine ähnliche Cashcow wie Capstone - muß nur der Markt begreifen................

greenhorn schrieb am 13.08.2008, 10:28 Uhr[/url]"]Hi, gestern kam dann das Ergebniss zu Semafo - theoretisch müßte sich auch SmallCapInvestor melden, denn J.Brunner ist ein kleiner Fan von denen


Semafo earns $11.68-million (U.S.) in Q2


2008-08-12 16:38 ET - News Release

.

 

[greenhorn]

Capstone auch gestern mit guter Erholung:

 

[greenhorn]

Aug 13, 2008 17:18 ET
Silverstone to Release Second Quarter Results on Tuesday August 19, 2008
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2008) - Silverstone Resources Corp. ("Silverstone") (TSX VENTURE:SST) will release second quarter results on Tuesday August 19, 2008 after market close and will host a conference call on Wednesday August 20, 2008 at 8:30am PST (11:30am EST) to discuss these results. The conference call may be accessed by dialing 1.866.365.1119 in North America and 1.416.849.7329 Internationally. Please ask for the Silverstone Resources Corp. conference call.

The conference call will be archived for later playback until Wednesday, August 27, 2008 and can be accessed by dialing 1.866.501.5559 and the passcode is 21280798#.

ABOUT SILVERSTONE

Silverstone is a Canadian based public silver mining company with 100% of its revenue from silver production. More information is available online at: www.silverstonecorp.com.

- an denen hält Capstone knapp 30%....................

greenhorn schrieb am 14.08.2008, 10:15 Uhr[/url]"]Capstone auch gestern mit guter Erholung:

» zur Grafik

 

[greenhorn]

noch von gestern..........

Aug 13, 2008 14:01 ET
Western Potash Corp. Completes Second Potash Exploration Well and Confirms Presence of Potash Mineralization
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2008) - Western Potash Corp. (the "Company") (TSX VENTURE:WPX)(FRANKFURT:AHE) is pleased to announce that it has completed its second potash exploration well within the Russell-Miniota Exploration Permits in Manitoba. These Permits comprise 555 square kilometers, are adjacent to BHP Billiton's Potash Lease and Agrium's Exploration Permits along the Manitoba border, and lie within 13km of Saskatchewan Potash Corp.'s Rocanville Potash Mine.

The second hole, targeting the Prairie Evaporite and drilled vertically, was completed at a total depth of 932m and is located approximately 3km SSE of the first hole. Coring commenced at a depth of 865m and intersected the Prairie Evaporite Formation at a depth of 874m. The main potash mineralized zone, representing the Esterhazy Member currently being mined at the Rocanville Mine, was intersected from 880m to 883m. Samples from the main potash zone will now be submitted for analysis at the Saskatchewan Research Council laboratory (SRC) in Saskatoon, Saskatchewan. Results from SRC are estimated to be available within 6 to 8 weeks. Samples from the Company's first hole are currently being processed at the laboratory.

Construction of the next drill site has been completed and mobilization of the drill is underway. The Company initially plans to complete five potash exploration wells with an option to extend the program by an additional ten wells as results warrant.

Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company is well funded with over forty million in cash and intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.

The in-house qualified person for the purposes of NI 43-101 guidelines is Dean Pekeski, P. Geo, who has reviewed and approved the contents of this news release.

For more information on the Western Potash Corp.'s projects, please visit the Company's website at: www.westernpotash.com.

ON BEHALF OF THE BOARD OF DIRECTORS

J. Patricio Varas, President and CEO

 

[greenhorn]

nich schlecht...............Upsidepotential

Platin hat zwar von 2000 auf 1500 abgeben, trotzdem verdienen sie knapp 1000$ pro Unze!

Aug 14, 2008 08:21 ET
Eastern Platinum Reports Record Earnings for the Quarter Ended June 30, 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2008) - Mr. Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats") (TSX:ELR)(AIM:ELR)(JSE:EPS) is pleased to report on financial results for the quarter ended June 30, 2008.

Highlights for the quarter ended June 30, 2008 ("Q2 2008")

Eastplats recorded net earnings of $12,705,000 ($0.02 per share) compared to a net loss of $4,693,000 ($0.01 loss per share) in the second quarter of 2007 ("Q2 2007"). The Company's results improved over Q2 2007 primarily due to a significant increase in revenues and PGM production.

- Production at the Crocodile River Mine ("CRM") increased by 21% to 30,311 PGM ounces, from 25,111 PGM ounces in Q2 2007.

- Revenues from CRM increased by 125% to $50,143,000 compared to $22,324,000 in Q2 2007.

- The average sales price per PGM ounce increased by 49% to $1,657 compared to $1,113 in Q2 2007.

- EBITDA increased by 538% to $29,085,000 from $5,033,000 in Q2 2007.

- Operating cash costs decreased by 1% to $696 per ounce, compared to $702 per ounce in Q2 2007.

- Recovery rates improved to 73%, compared to 69% in Q2 2007, following planned improvements to the concentrator circuit at the Crocodile River Mine.

- Grades improved to 4.03 grams per tonne (5PGE+Au) compared to 3.97 grams per tonne (5PGE+Au) in Q2 2007.

- Stoping units for the quarter increased by 25% to a record 44,277 square meters, compared to 35,315 square meters in Q2 2007.

- Total underground development increased by 16% to 5,575 meters during the quarter (4,807 meters in Q2 2007) as the Company continues to make substantial progress in the development of the ore reserve at CRM.

- The average mining rate increased by 25% to 101,711 tonnes per month during Q2 2008 from 81,425 tonnes per month in Q2 2007.

- At June 30, 2008, the Company had a cash position (including cash and cash equivalents and short term investments) of $195,387,000 (December 31, 2007 - $189,856,000).

"We are pleased to report that production, mining rates, and underground development rates have increased compared to the first quarter of this year," said Mr. Rozier. "Our primary objectives are to increase our current rate of production at the Crocodile River Mine while maintaining a steady cost structure, and to develop and bring CRM's Crocette Section and our Spitzkop project into production as quickly as possible. With our current management team and financial resources, we are confident that we can achieve these objectives."

Financial Information

 

[dukezero]

greenhorn schrieb am 14.08.2008, 10:07 Uhr[/url]"]

dukezero schrieb am 13.08.2008, 18:43 Uhr[/url]"]Raytec zieht gut an!

» zur Grafik

Läuft weiter nach oben!

 

[greenhorn]

GRAN TIERRA ENERGY ANNOUNCES GAS-CONDENSATE DISCOVERY; COMBINED TEST RATE OF 8.5 MILLION CUBIC FEET OF GAS PER DAY AND 236 BARRELS OF OIL AND CONDENSATE PER DAY

Popa-2 Results Confirms New Exploration Play in Rio Magdalena Block, Colombia

CALGARY, Alberta, August 14, 2008, Gran Tierra Energy Inc. (AMEX: GTE; TSX: GTE), a company focused on oil exploration and production in South America, today announced that it had successfully tested the Popa-2 exploration well in the Rio Magdalena Block in central Colombia at a combined rate of 8.5 million cubic feet of gas per day and 236 barrels of oil and condensate per day. The well is being suspended for additional testing and evaluation prior to production completion.

Gran Tierra Energy initiated drilling of the Popa-2 exploration well in the Rio Magdalena Block in the Middle Magdalena Basin, on May 8, 2008, and reached total measured depth of 8,646 feet in basement on June 21, 2008. Electric log interpretations together with mud log and the shows encountered during drilling indicated potential hydrocarbon pay in the Guaduas Formation, the Monserrate Formation, and Basement. A drill-stem test (DST) program was initiated on July 4 and a total of seven DST's were conducted; the test program was completed on August 8, 2008.

DST-1 and DST-2 tested Basement and the lower Monserrate Formation, and recovered 58 barrels of water per day and 259 barrels of water per day respectively by swabbing.

DST-3 in the Monserrate Formation at 7,770 to 7,790 feet, tested 1.400 million standard cubic feet of gas per day with 85 barrels of 39.9 degree API oil per day and 370 barrels of water per day, by natural flow from a 16/64" choke.

DST-4 in the Monserrate Formation at 7,730 to 7,760 feet, tested 3.186 million standard cubic feet of gas per day with 77 barrels of 61.3 degree API condensate per day and only a trace of water, by natural flow from a 64/64" choke.

DST-5 in the upper Monserrate Formation at 7,624 to 7,630 feet, 7,640 to 7,646 feet, and 7,662 to 7,666 feet, tested 3.953 million standard cubic feet of gas per day with 74 barrels of 61.7 degree API condensate per day and only a trace of water, by natural flow from a 48/64" choke.

DST-6 in the Guaduas Formation recovered 989 barrels of water per day by natural flow and DST-7 in the Guaduas Formation recovered 15 barrels of water per day by swabbing.

The Popa-2 well bore will be suspended for further testing and evaluation prior to production completion.

Popa-2 was drilled to the same reservoirs at a shallower depth and 2,035 meters away from a non-commercial oil discovery made by Gran Tierra Energy in 2006 at Popa-1, which tested approximately 160 barrels of oil per day. Gran Tierra Energy acquired a new 89 kilometer 2-D seismic program after the initial discovery, and used it to pick the location of Popa-2.

Gran Tierra Energy, with a 100% working interest, is the operator of the 144,670 acre Rio Magdalena Block. Under the terms of a recently completed farm-in agreement, Omega Energy Colombia will earn a 60% share of the company's interest by paying 100% of the costs associated with drilling, testing and completing the Popa-2 well. In the event of a commercial discovery, Ecopetrol S.A. has a right to back in for a 30% working interest, to be split proportionally between Gran Tierra Energy and Omega Energy Colombia.

Commenting on progress, Dana Coffield, President and Chief Executive Officer of Gran Tierra Energy Inc., stated, "These initial test results from Popa-2 are exciting, confirming a new exploration play initially identified on our lands in 2006. The Rio Magdalena block is a large block near existing infrastructure with numerous leads and prospects for further testing as our confidence in this new exploration play continues to mature."

About Gran Tierra Energy Inc.:
Gran Tierra Energy Inc. is an international oil and gas exploration and production company operating in South America, headquartered in Calgary, Canada, incorporated in the United States, and trading on the American Stock Exchange (GTE) and the Toronto Stock Exchange (GTE). The company holds interests in producing and prospective properties in Argentina, Colombia and Peru. The company has a strategy that focuses on growing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a base for future growth. Additional information concerning Gran Tierra Energy is available at www.grantierra.com. Investor inquiries may be directed to info@grantierra.com or 1-800-916-GTRE (4873).


Cameron Associates
1370 Avenue of the Americas, Ste 902
New York, NY 10019

 

[greenhorn]

schade, wieder abgekippt gestern - allerdings iss der MACD gedreht, der RSI ist auch im Keller.......
was ist bloss mit den Edelmetallen los................ :shock:
passt nicht in´s Erwartungsbild

dukezero schrieb am 14.08.2008, 16:17 Uhr[/url]"]

greenhorn schrieb am 14.08.2008, 10:07 Uhr[/url]"]

dukezero schrieb am 13.08.2008, 18:43 Uhr[/url]"]Raytec zieht gut an!

» zur Grafik

Läuft weiter nach oben!

 

[dukezero]

Stuttgart Der Leiter der Mining und Metals Abteilung von Ernst & Young, Dr. Tim Williams, äusserte sich auf der "Mining in Africa" Konferenz in Johannesburg kritisch zu den Erfolgsaussichten von Goldexplorern.

Williams geht davon aus, dass die Hälfte des weltweit zur Exploration bereit stehendes Geldes in die Goldexploration fliesst. Allerdings werden immer weniger bedeutende Goldvorkommen gefunden. Hinzu kommt, das zahlreiche Explorationsunternehmen in Folge der globalen Kreditkrise schwerwiegende Schwierigkeiten haben, sich Kapital zu beschaffen. So geht Williams von einer weiteren Konsolidierung auf dem Explorationssektor aus. Er rechnet damit, dass von den 190 an der Aim der London Stock Exchange gelisteten Explorationsunternehmen bis Ende des Jahres sich ungefähr 40 Unternehmen verabschieden werden. Bezeichnend ist in diesem Zusammenhang, dass im ersten Quartal des laufenden Jahres es nur ein IPO an der Aim gegeben hat.

Anders wird die Lage bezüglich der Unternehmen eingeschätzt, die bereits den Produktionsstart erfolgreich hinter sich bringen konnten. Diese Junior-Produzenten haben in der Regel keine Probleme, die weitere Expansion zu finanzieren.

 

[dukezero]

Aug 15, 2008 09:01 ET
First Majestic Silver Corp.: Second Quarter Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2008) - FIRST MAJESTIC SILVER CORP. (the "Company") (TSX:FR)(PINK SHEETS:FRMSF)(FRANKFURT:FMV) (WKN:A0LHKJ) is pleased to announce the unaudited financial results for the Company's second quarter ending June 30, 2008. The full version of the financial statements can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com.




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2nd Quarter Highlights
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Gross Revenue $15,905,718
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Net Revenue $11,436,889
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Mine Operating Earnings $2,180,671
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Cash Cost per ounce US$4.84
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Silver Equivalent Production 1,271,141
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Silver Equivalent Oz. Sold 892,406
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FINANCIAL HIGHLIGHTS

- Sales revenues for the quarter (after smelting charges) were $11.4 million; an increase of 6% compared to $10.8 million for the quarter ended June 30, 2007. Gross revenues for the quarter, prior to smelting charges were $15.9 million.

- A marked improvement to direct cash costs per ounce of silver produced during the quarter ended June 30, 2008 was achieved primarily due to the improvements underway at the San Martin Silver Mine which amounted to US$4.84 per ounce compared to the previous quarter ended March 31, 2008 of US$6.51.

- Mine operating earnings for the quarter amounted to $2.2 million, compared to $1.1 million for the quarter ended June 30, 2007.

- Smelting charges for the quarter increased significantly to $4.47 million as a result of a new agreement signed with Penoles. The most impacted mine was the La Encantada as 100% of its production is in the form of concentrates. The present expansion program underway at La Encantada is converting the mill from concentrate production to dore production which will come into effect in early 2009. As a result of higher charges affecting all mining companies in Mexico who sell their concentrates to Penoles, management is reviewing its alternatives to mitigate the smelting charges going forward. The adoption of new technologies which may affect the amounts and qualities of concentrates produced are being investigated as well as establishing new buyers for concentrate production.

- Total quarterly production consisted of 1,271,141 ounces of silver equivalents, including 1,109,821 ounces of silver, 482 ounces of gold, and 1,987,551 pounds of lead. The Company shipped 892,406 payable ounces of silver equivalent in the quarter resulting in an increase of 11% over the 801,324 payable ounces of silver equivalent sold in the quarter ended June 30, 2007. The remaining silver produced in the quarter was in inventory at the end of the period.

- The Company realized a price of US$17.38 (CDN$17.82) per ounce of silver sold in the quarter which is higher than the average trading price of US$17.17 per ounce.

- The Company generated an operating loss of $0.6 million for the quarter, compared to an operating loss of $1.5 million for the quarter ended June 30, 2007.

- The Company generated a net loss of $0.3 million for the quarter ended June 30, 2008, compared to a loss of $0.7 million for the quarter ended June 30, 2007. The net income for this quarter was after deducting a non-cash stock-based compensation expense of $670,616 (2007 - $ 775,532).

- The Company has been extracting ore from the Del Toro Silver Mine (formerly referred to as the Chalchihuites Group of Properties) over the past two quarters. As a result of the material volumes being extracted during this quarter and as is anticipated going forward, Del Toro is now considered to be in the early stage of production. The ore extracted is being shipped, processed and blended at the La Parrilla mill. For the second quarter ending June 30, 2008, 15,261 tonnes were extracted from Del Toro, resulting in production of 117,120 ounces of silver equivalents, and allowing quarterly production to increase at La Parrilla to 72,650 tonnes (95% of capacity). Production and the resulting costs associated with mining activity at Del Toro are included in La Parrilla's costs and operating results.

- The Company currently has more than $46 million in its treasury, is generating significant cash flows from operations, and has sufficient capital to support its operating and current requirements and current expansion plans.

- During the quarter, the Company invested $12,096,777 in capital expenditures on mill expansions, mine development, exploration and equipment throughout its operations and projects.

OPERATIONAL HIGHLIGHTS

The Company continues to focus its efforts on production growth, Resource and Reserve growth and reducing costs in order to improve profitability. Mill expansions are presently underway at each operation with the largest expansion program taking place at the La Encantada Silver Mine. Management is very much focused on executing its business plan by continuing the ongoing improvements at each mine, and achieving production and resource targets going forward. In addition to increasing production and improving profitability, continued increases in NI 43-101 compliant silver Resources is a key goal. As at the latest NI 43-101 Reports, the Company has defined a global Resource of 184 million ounces of Silver equivalents. Twenty two drill rigs are presently focused on further Resource development. Each of the Company's NI 43-101 Reports will be updated by year end and are expected to show substantial increases. The Company's primary focus is to build long term sustainable and profitable mining operations.

La Parrilla Silver Mine

As part of the ongoing improvements at the La Parrilla, during the quarter within the mill, two new filter presses were delivered and installed. Also, construction of two new leaching tanks and one additional thickener tank commenced. Recoveries and capacity are expected to improve once these new tanks come online in the third quarter. At the mine, preparation of the lower levels within the Rosarios area and the addition of a long hole drilling machine is now allowing for an increase in production and improved grades from the sulphides area. Seven drill rigs are presently active which are focusing on drilling out NI 43-101 compliant Resources. A new updated NI 43-101 report is expected to be released prior to year end.

San Martin Silver Mine

At San Martin during the quarter the primary focus was a change in mining methods that has resulted in productivity improvements and reduction in costs. The changes have allowed for a reduction of development and improvement in the use of the underground fleet of equipment. In addition, a new portable screen was installed at the mine in order to take advantage of some of the backfill and dumps left from previous years of operation. Another focus has been; in order to achieve certification as a "clean industry" at the mill, reinforcement of older leaching tanks is in process, construction of a complete spillage control system was completed, a new dust collector within the crushing area was installed and a fumes control system was installed within the smelter area. Also, the flotation circuit continues to be expanded and improved with the installation of the two new thickeners and filters. Once completed, it is anticipated that a higher quality concentrate will be produced. Nine drill rigs are presently exploring and developing Resources at San Martin. An updated NI 43-101 is expected to be released prior to year end.

La Encantada Silver Mine

Construction of the new 3500tpd cyanidation mill is going well at the La Encantada. Three flat bed trucks of equipment have arrived since construction commenced and 17 trailers are presently waiting at the US border. In addition to this major construction project, several additional pieces of underground equipment were added to the operations and improvements in the underground electric installations were completed. Three drill rigs commenced drilling during the quarter from underground and are showing good signs of early successes. In addition to exploration successes during the quarter, development has been going well with several new areas within the mine being opened for production. Within the mill, the replacement of the secondary crusher was completed and an upgrade to the flotation cells has allowed a better quality of the lead concentrate production which has helped to compensate the increase the increase in smelting costs. An updated NI 43-101 is expected to be released prior to year end.

In Summary

Equally as important to increasing production is costs savings. 2008 still represents a year of high expenses as a result of the present growth underway. In addition, the Company was negatively impacted from higher smelting costs during the quarter. Management is pleased by the many improvements in costs which can be seen in the second quarter, however, further improvements in profitability can be made and are expected going forward as smelting costs are reduced and expenses come down. It's important to note that one of the primary drivers of costs savings is the use of new equipment. The Company is now in the third year of a major fleet expansion and replacement program with Sandvik. In order to increase mining efficiencies and tonnages, 21 pieces of underground equipment were ordered for 2008. Nine pieces have been received of which three were delivered in this quarter. These new pieces of equipment include scoop-trams, underground trucks and jumbos. These same efficiencies can be seen in mill operations as new components replace older components.

Other developments that are either underway or in the planning stage, include: an extensive regional geophysics program was completed at the La Encantada during the 2nd quarter; expansion of the crushing area within the San Martin mill is in the final planning stage; the Del Toro Silver Mine (previously referred to as Chalchihuites) is undergoing an extensive underground development program including diamond drilling in order to release the first NI 43-101 compliant Resource estimate in the third quarter; also, at the Cuitaboca project the exploration and development program is continuing which is also anticipated to result in the release of a NI 43-101 Report.

First Majestic is a producing silver company focused in Mexico and is aggressively pursuing its business plan to become a senior silver producer through the development of its existing assets and the pursuit through acquisition of additional assets that contribute to achieving its corporate growth objectives.

FIRST MAJESTIC SILVER CORP.

Keith Neumeyer, President & CEO

 

[Fischlaender]

hier mal was nettes:

Bodenschaetze in Deutschland

http://wiwo.circ-it.de/infografiken/bodenschaetze/index.html

 

[dukezero]

Hongkong / Peking 18.08.08 Um die angespannte Lage in der Koksbereitstellung innerhalb des Landes in den Griff zu bekommen, hat das chinesische Finanzministerium beschlossen, die Ausfuhrsteuer zu erhöhen.

Mit Wirkung vom 20 August, wird die Steuer auf Export von Kokskohle von bisher 5 Prozent auf 10 Prozent verdoppelt. Ähnlich sieht es bei Koks aus. Hier erhöht das Ministerium die bisherige Steuer von 25 auf 40 Prozent.

Aber auch beim Export von Aluminium-Legierungen wird eine Steuer erhoben, welche bei 15 Prozent liegen soll.

Diese Ankündigung drückt auf die Kurse der betroffenen Unternehmen. So verliert die China Shenhua Energy um 2,5 Prozent, China Coal um 3,5 Prozent, Yanzhou Coal um 4,5 Prozent und Hidili um 3,7 Prozent.

Bei der Aluminum Corp of China (Chalco) geht es um über 6 Prozent nach unten.