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Rohstoffthread (Archiv)
- Ersteller Maack
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CDU
August 27, 2012
Cardero Announces Positive Initial Results from Ferricrete Reverse Circulation Drilling, Sheini Hills Iron Project, Ghana
Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-MKT: CDY, Frankfurt: CR5) announces receipt of initial reverse circulation drill results from Phase I Ferricrete (detrital iron) drilling at the Company's Sheini Hills Iron Project, in northeastern Ghana.
In addition to the drilling of haematite ironstones, surface Ferricrete/Detrital Deposits have been tested with 127 short drill holes (1,923 metres) of reverse circulation drilling. Cardero has received assay results from 33 reverse circulation holes located in 3 of the 8 Ferricrete fields drill-tested (Figure 1, Table 1). The ferricrete in these 3 fields ranges from 1m to 18m in thickness.
Detrital iron deposits are found where weathering has eroded bedded ironstones and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types are found peripheral to the Sheini Hills ironstone ridges. When rock units break down under the weathering process they are often affected by circulating groundwater and under appropriate conditions typically form hard indurated zones such as ferricrete and laterite.
The quality of the potential iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes. By definition, all of the ferricrete deposits occur at surface with no overburden providing a zero strip ratio if future mining is considered feasible.
Figure 1: Maps showing Sheini Property (left) and the Phase I drill program focused in north-central area (right). The drill program focused on diamond drilling of ironstone ridges as well as reverse circulation drilling of surface iron / ferricrete. Locations of Ferricrete Fields 1, 2 and 3 are labeled.
RESOURCE ESTIMATE
SRK Consulting has been retained to complete an initial resource estimate. Now that Phase 1 exploration is complete this is underway with the maiden resource reporting anticipated for Q4 2012.
QUALIFIED PERSON
EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.
QA/QC
The work program at Sheini is supervised by Christopher White (Cardero Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation, and onward to OMAC Laboratories (an ALS Group company), Ireland, for analysis. OMAC's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.
ABOUT CARDERO RESOURCE CORP.
The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov .
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Michael Hunter" (signed)
Michael Hunter, CEO and President
Contact Information:
Nancy Curry, Corporate Communications
Direct Tel: 604 638-3287
General Contact:
Email: info@cardero.com
Toll Free: 1-888-770-7488
Tel: 604 408-7488
Fax: 604 408-7499
http://www.cardero.com/s/news_releases.asp?ReportID=543789
August 27, 2012
Cardero Announces Positive Initial Results from Ferricrete Reverse Circulation Drilling, Sheini Hills Iron Project, Ghana
- Best intersections include:
RC Hole 22; 6 metres from surface, grading 48.93% Iron
RC Hole 23; 7 metres from surface, grading 46.02% Iron
RC Hole 24; 6 metres from surface, grading 40.73% Iron
RC Hole 19; 3 metres from surface, grading 40.68% Iron
RC Hole 17; 4 metres from surface, grading 40.05% Iron
Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-MKT: CDY, Frankfurt: CR5) announces receipt of initial reverse circulation drill results from Phase I Ferricrete (detrital iron) drilling at the Company's Sheini Hills Iron Project, in northeastern Ghana.
In addition to the drilling of haematite ironstones, surface Ferricrete/Detrital Deposits have been tested with 127 short drill holes (1,923 metres) of reverse circulation drilling. Cardero has received assay results from 33 reverse circulation holes located in 3 of the 8 Ferricrete fields drill-tested (Figure 1, Table 1). The ferricrete in these 3 fields ranges from 1m to 18m in thickness.
Detrital iron deposits are found where weathering has eroded bedded ironstones and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types are found peripheral to the Sheini Hills ironstone ridges. When rock units break down under the weathering process they are often affected by circulating groundwater and under appropriate conditions typically form hard indurated zones such as ferricrete and laterite.
The quality of the potential iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes. By definition, all of the ferricrete deposits occur at surface with no overburden providing a zero strip ratio if future mining is considered feasible.
Figure 1: Maps showing Sheini Property (left) and the Phase I drill program focused in north-central area (right). The drill program focused on diamond drilling of ironstone ridges as well as reverse circulation drilling of surface iron / ferricrete. Locations of Ferricrete Fields 1, 2 and 3 are labeled.
RESOURCE ESTIMATE
SRK Consulting has been retained to complete an initial resource estimate. Now that Phase 1 exploration is complete this is underway with the maiden resource reporting anticipated for Q4 2012.
QUALIFIED PERSON
EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.
QA/QC
The work program at Sheini is supervised by Christopher White (Cardero Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation, and onward to OMAC Laboratories (an ALS Group company), Ireland, for analysis. OMAC's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.
ABOUT CARDERO RESOURCE CORP.
The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov .
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Michael Hunter" (signed)
Michael Hunter, CEO and President
Contact Information:
Nancy Curry, Corporate Communications
Direct Tel: 604 638-3287
General Contact:
Email: info@cardero.com
Toll Free: 1-888-770-7488
Tel: 604 408-7488
Fax: 604 408-7499
http://www.cardero.com/s/news_releases.asp?ReportID=543789
[url=http://peketec.de/trading/viewtopic.php?p=1291585#1291585 schrieb:
SPA
Spanish Mountain Gold Provides Project Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) - Spanish Mountain Gold Ltd. (TSX VENTURE:SPA) ("the Company") provides the following update on its Spanish Mountain Gold Project (the "Project") located in central British Columbia, Canada.
The Board of Directors and management of the Company have reviewed conceptual development plans for the Project and have determined that the potential viability of the mineral resources may benefit from certain changes in a possible production scenario and other parameters that include the following:
- The Company has been evaluating a possible production scenario of 25,000 tonnes per day (tpd) of mill feed followed by an expansion after three years of operation to 40,000 tpd. The new production scenario under consideration is to operate from the outset at 40,000 tpd, the same level contemplated in the Preliminary Economic Assessment completed for the Project during 2010.
- A possible extension of the project life from 10 years to 14 years at 40,000 tpd through revision of the proposed mine plan.
- A review of waste storage alternatives to minimize waste storage around the site.
- A review of the location of project infrastructure, including the process plant, to minimize haulage distances from the open pit.
- More detailed consideration of power line alternatives to provide adequate power for the 40,000 tpd operation.
The Company is considering these changes in conjunction with a timely update in the form of a Preliminary Economic Assessment ("PEA").
It is anticipated that the PEA will be completed in October, 2012.
Morris Beattie, P.Eng., the Company's Chief Operating Officer and the qualified person as defined under National Instrument 43-101, has reviewed and approved the contents of this news release.
Acquisition of Mineral Claims
The Company has completed the acquisition of certain mineral claims (the "Property") from Acrex Ventures Ltd. The transaction was previously announced on a news release dated July 31, 2012.
Under the terms of the Mineral Claims Purchase Agreement, the Company paid $500,000 cash and issued 2,000,000 common shares. The Company also granted a royalty and assumed a third-party royalty with the result that the Property shall be subject to a 4% net smelter return royalty ("NSR"). The Company may reduce the NSR to 2.0% by paying $2,000,000 at any time after commencement of commercial production.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has no debt and owns 100% of four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com .
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Brian Groves, President and CEO
http://tmx.quotemedia.com/article.php?newsid=53804997&qm_symbol=SPA
Spanish Mountain Gold Provides Project Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) - Spanish Mountain Gold Ltd. (TSX VENTURE:SPA) ("the Company") provides the following update on its Spanish Mountain Gold Project (the "Project") located in central British Columbia, Canada.
The Board of Directors and management of the Company have reviewed conceptual development plans for the Project and have determined that the potential viability of the mineral resources may benefit from certain changes in a possible production scenario and other parameters that include the following:
- The Company has been evaluating a possible production scenario of 25,000 tonnes per day (tpd) of mill feed followed by an expansion after three years of operation to 40,000 tpd. The new production scenario under consideration is to operate from the outset at 40,000 tpd, the same level contemplated in the Preliminary Economic Assessment completed for the Project during 2010.
- A possible extension of the project life from 10 years to 14 years at 40,000 tpd through revision of the proposed mine plan.
- A review of waste storage alternatives to minimize waste storage around the site.
- A review of the location of project infrastructure, including the process plant, to minimize haulage distances from the open pit.
- More detailed consideration of power line alternatives to provide adequate power for the 40,000 tpd operation.
The Company is considering these changes in conjunction with a timely update in the form of a Preliminary Economic Assessment ("PEA").
It is anticipated that the PEA will be completed in October, 2012.
Morris Beattie, P.Eng., the Company's Chief Operating Officer and the qualified person as defined under National Instrument 43-101, has reviewed and approved the contents of this news release.
Acquisition of Mineral Claims
The Company has completed the acquisition of certain mineral claims (the "Property") from Acrex Ventures Ltd. The transaction was previously announced on a news release dated July 31, 2012.
Under the terms of the Mineral Claims Purchase Agreement, the Company paid $500,000 cash and issued 2,000,000 common shares. The Company also granted a royalty and assumed a third-party royalty with the result that the Property shall be subject to a 4% net smelter return royalty ("NSR"). The Company may reduce the NSR to 2.0% by paying $2,000,000 at any time after commencement of commercial production.
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has no debt and owns 100% of four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com .
On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD.
Brian Groves, President and CEO
http://tmx.quotemedia.com/article.php?newsid=53804997&qm_symbol=SPA
[url=http://peketec.de/trading/viewtopic.php?p=1287110#1287110 schrieb:
SPA
27.08.2012
Grandich Client Spanish Mountain Gold
Spanish Mountain Gold has just released an update on the development of its flagship property in BC. It appears that the on-going evaluation process has identified a number of significant changes to the project’s production and other technical parameters including such things as mill throughput, mine plan, tailing facilities, and infrastructure and power line alternatives. At first glance, each of these items could potentially impact the project economics in a positive way. Obviously SPA feels that they are significant enough to consider these changes through a formal process which will lead to a Preliminary Economic Assessment.
Throughout a project evaluation cycle, these kinds of changes are common and form part of this supposedly thoughtful process that must not leave every stone unturned so as to maximize the project’s value. What I like most about this update is investors apparently won’t have to wait long to see the results as SPA has committed to a timely update by putting out the PEA in October, a month or so from now.
The fact that SPA didn’t announce a delay in the overall time line led me to optimistically think the latest study should not derail the company’s march toward production. I suspect when SPA puts out the PEA results a month from now, they should have all these parameters sorted out.
http://www.grandich.com/
27.08.2012
Grandich Client Spanish Mountain Gold
Spanish Mountain Gold has just released an update on the development of its flagship property in BC. It appears that the on-going evaluation process has identified a number of significant changes to the project’s production and other technical parameters including such things as mill throughput, mine plan, tailing facilities, and infrastructure and power line alternatives. At first glance, each of these items could potentially impact the project economics in a positive way. Obviously SPA feels that they are significant enough to consider these changes through a formal process which will lead to a Preliminary Economic Assessment.
Throughout a project evaluation cycle, these kinds of changes are common and form part of this supposedly thoughtful process that must not leave every stone unturned so as to maximize the project’s value. What I like most about this update is investors apparently won’t have to wait long to see the results as SPA has committed to a timely update by putting out the PEA in October, a month or so from now.
The fact that SPA didn’t announce a delay in the overall time line led me to optimistically think the latest study should not derail the company’s march toward production. I suspect when SPA puts out the PEA results a month from now, they should have all these parameters sorted out.
http://www.grandich.com/
[url=http://peketec.de/trading/viewtopic.php?p=1292159#1292159 schrieb:
Eco Oro Minerals Receives Decision of National Mining Agency
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) - Eco Oro Minerals Corp. (the "Company" or "Eco Oro") (TSX:EOM) announces that the Company has received a decision of Colombia's national mining agency (Agencia Nacional de Mineria or "ANM"), contained in Resolution VSC 002 dated August 8, 2012 (the "Resolution"), regarding the Company's application for an extension of the exploration phase of the Company's principal mining title, concession contract 3452 (the "Concession"). In the Resolution, the ANM indicates that approximately 54% of the Concession is located in what they regard as Santurban páramo based on the cartographic information contained in the National Mining Registry prepared by the Von Humboldt Institute (Instituto Alexander Von Humboldt or "IAVH")) and, on that basis, have extended only the remaining 46% of the Concession for 2 years, until August 8, 2014. In addition, the ANM is requiring that the Company revise the technical report detailing the Company´s current and proposed exploration activities on the Concession, which was submitted with the Company's May 4, 2012 application for the extension, such that the Company's activities on the Concession are limited to the areas of the Concession that are the subject of extension. The Resolution also provides that the Resolution should be forwarded, once it becomes final, to the area of the ANM responsible for the mining contracts and titles to take appropriate measures to have the areas of the Concession not subject to the extension returned. The portion of the Concession that was not extended and that is to be returned, pursuant to the Resolution, contains approximately 70% of the Company's Angostura deposit.
Under Colombian law, the ANM had until August 8, 2012 to provide the Company with a response to the Company's application for an extension of the exploration phase of the Concession, failing which, the ANM's "positive administrative silence" acted as tacit approval of the Company's request and the exploration phase (for the entire Concession) was extended to August 8, 2014. On August 14, 2012, the company filed a request before the ANM to register this extension in the National Mining Registry, which registration is pending.
In the opinion of the Company, as the ANM failed to notify the Company of the Resolution on or before August 8, 2012, it had no authority to issue the Resolution or to decide any matters relating to the Company extension application. Furthermore, the ANM´s position, as stated in the Resolution, as to areas constituting páramo, is inconsistent with Colombian law and the position of the relevant Governmental ministries, including the Ministry of Mines and Energy, as understood by the Company, which understanding is summarized below.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2012) - Eco Oro Minerals Corp. (the "Company" or "Eco Oro") (TSX:EOM) announces that the Company has received a decision of Colombia's national mining agency (Agencia Nacional de Mineria or "ANM"), contained in Resolution VSC 002 dated August 8, 2012 (the "Resolution"), regarding the Company's application for an extension of the exploration phase of the Company's principal mining title, concession contract 3452 (the "Concession"). In the Resolution, the ANM indicates that approximately 54% of the Concession is located in what they regard as Santurban páramo based on the cartographic information contained in the National Mining Registry prepared by the Von Humboldt Institute (Instituto Alexander Von Humboldt or "IAVH")) and, on that basis, have extended only the remaining 46% of the Concession for 2 years, until August 8, 2014. In addition, the ANM is requiring that the Company revise the technical report detailing the Company´s current and proposed exploration activities on the Concession, which was submitted with the Company's May 4, 2012 application for the extension, such that the Company's activities on the Concession are limited to the areas of the Concession that are the subject of extension. The Resolution also provides that the Resolution should be forwarded, once it becomes final, to the area of the ANM responsible for the mining contracts and titles to take appropriate measures to have the areas of the Concession not subject to the extension returned. The portion of the Concession that was not extended and that is to be returned, pursuant to the Resolution, contains approximately 70% of the Company's Angostura deposit.
Under Colombian law, the ANM had until August 8, 2012 to provide the Company with a response to the Company's application for an extension of the exploration phase of the Concession, failing which, the ANM's "positive administrative silence" acted as tacit approval of the Company's request and the exploration phase (for the entire Concession) was extended to August 8, 2014. On August 14, 2012, the company filed a request before the ANM to register this extension in the National Mining Registry, which registration is pending.
In the opinion of the Company, as the ANM failed to notify the Company of the Resolution on or before August 8, 2012, it had no authority to issue the Resolution or to decide any matters relating to the Company extension application. Furthermore, the ANM´s position, as stated in the Resolution, as to areas constituting páramo, is inconsistent with Colombian law and the position of the relevant Governmental ministries, including the Ministry of Mines and Energy, as understood by the Company, which understanding is summarized below.
Hey Frechdax,
recht haste...schade drum...verstehe die Rohstoffler auch nicht so richtig,
könnten doch hier ihr Können zeigen,
das Rohstoffforum von peketec.de mit mehr Leben füllen
und auch neue Abonnementen für das CCG gewinnen.
Also Jungs auf gehts
LG aus Hamburg
ixilon
recht haste...schade drum...verstehe die Rohstoffler auch nicht so richtig,
könnten doch hier ihr Können zeigen,
das Rohstoffforum von peketec.de mit mehr Leben füllen
und auch neue Abonnementen für das CCG gewinnen.
Also Jungs auf gehts
LG aus Hamburg
ixilon
[url=http://peketec.de/trading/viewtopic.php?p=1292685#1292685 schrieb:Frechdax schrieb am 28.08.2012, 23:04 Uhr[/url]"]Hi @ixilon,
Du bist ja noch immer Alleinunterhalter hier.............
Ohne Dich wär der Thread wohl schon tot.
Die ehemaligen "Big Boys" hier, sind einfach nicht multitaskingfähig...........
KZX
Neuer Eisenerz-Explorer...könnte neuer Teil der CDU-Group werden/sein
Homepage jetzt mit Inhalt: http://www.kazaxmineralsinc.com/s/home.asp
Cardero Group auf der PDAC 2012:
NEWS - Aug. 28, 2012
KazaX Minerals Inc. Update From Annual General Meeting and Announces Appointment of New Director
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2012) - KazaX Minerals Inc. ("KazaX" or the "Company") (TSX VENTURE:KZX) wishes to provide an update on the results from its annual general meeting of shareholders held on Tuesday, August 14, 2012. At the meeting, the shareholders elected five new members to the Company's board of directors. The shareholders also re-appointed the current auditors, Manning Elliott LLP, Chartered Accountants.
Election of Directors
At the meeting, the KazaX shareholders elected seven directors, including the following five new directors:
Carlos Ballon
Mr. Ballon is a graduate of Colorado School of Mines and a very experienced mining engineer who managed the Santander Mine in Peru from 1985 to 1993. More recently he was Vice-President South America for Corriente Resources Ltd. and a director of Thiess South America (Australia's largest contract miner) where he managed major engineering works in Peru. Mr. Ballon is currently a director of Dorato Resources Inc., a mineral exploration company listed on the TSX Venture Exchange. He is also a director of Stonehouse Construction, a private international multi-disciplined project delivery company headquartered in Kuala Lumpur, focusing on projects in Malaysia and Kazakhstan.
Tarek Damerji
Mr. Damerji graduated from McGill University in Montreal, Canada, and worked in Commercial then Corporate Finance for the Toronto Dominion Bank. In 1999, Mr. Damerji returned to the Middle East and co-founded Bayt.com, one of the Middle East's leading online recruiter companies with over 150 employees operating in six different countries. In 2008, Mr. Damerji sold his interest in Bayt to a leading US based Private Equity firm, and founded Wajehat, a company that specialized in the design, engineering and project management of Facades for buildings, utilizing an innovative outsourcing model for the fabrication and installation of advanced skins for buildings. Mr. Damerji is currently the Special Projects Director for the Al Habtoor Leighton Group, a large multi-disciplinary contracting group in the Middle East, with projects in Civil, Infrastructure, Power, Oil and Gas. He is also on the Board of Directors for Stonehouse Construction, a contracting company based out of Singapore targeting Mining, Civil, Infrastructure and Oil and Gas projects.
Oleg Demidkin
Mr. Demidkin has over 23 years of experience in the steel and iron ore industry. He is a founding member of Safin Handels G.m.b.H. and is currently the President of the Safin Group, a steel trading and distribution company operating in 45 countries with a head office and financial department in Vienna, Austria. Safin also represents the interests of Otto Wolff Handelsgesellschaft m.b.H. (ThyssenKrupp) in Russia, which supplies industrial and mining equipment. Mr. Demidkin graduated from the Moscow State University, Faculty of Law, in 1993.
Anton Drescher
Mr. Drescher has been a Certified Management Accountant since 1981. He is currently a director of International Tower Hill Mines Ltd., a mineral exploration and development company listed on the TSX and NYSE-AMEX (since 1991), a director of Trevali Mining Corporation, a natural resource company listed on the TSX (since 2007) and a director of Corvus Gold Inc., an exploration and development company listed on the TSX (since 2010). Mr. Drescher also currently serves as a director and/or officer of several companies listed on the TSX Venture Exchange and is President and a director of Ravencrest Resources Inc., a company trading on the CNSX (since 2010). He is also President of Westpoint Management Consultants Limited, a private company engaged in tax and accounting consulting for business reorganizations and President of Harbour Pacific Capital Corp., a private British Columbia company involved in regulatory filings for businesses in Canada.
Paul Larkin
Mr. Larkin brings in excess of 37 years of experience in corporate finance and capital markets to the Company. Mr. Larkin is currently President of New Dawn Holdings Ltd., an independent consulting firm providing administration and financial advisory services to a number of private and public companies. Mr. Larkin is also the CEO and President of Tyner Resources Ltd., a director of Westbridge Energy Corporation, and a director and audit committee member of LNG Energy Ltd., U.S. Geothermal Inc. and Condor Resources Inc., all public resource companies. From 1972 to 1984, Mr. Larkin held various corporate finance positions in the Canadian Banking system. Mr. Larkin has also served as an audit, compensation and executive committee member for a number of other public companies.
The five new directors join KazaX's President, David Savage and current director Mohamad Chafic, both of whom were re-elected to the Board. These directors will all hold office until the next KazaX annual meeting. The five new directors replaced Jonathan Younie, Ian McKinnon and Michael Larkin. Mr. Savage would like to thank Messrs. Younie, McKinnon and Larkin for their help and assistance during the year as the Company transitioned from Newbridge Capital Inc. to KazaX Minerals Inc.
Appointment of Director
KazaX is pleased to announce the appointment of Daniel Kunz to its Board.
Mr. Kunz is an international mining executive with more than 35 years of mining experience in exploration, development, and operations. Mr. Kunz holds an MBA, a B.Sc. in Engineering, and an associate accounting degree. He has significant public company governance, finance and management experience. Mr. Kunz is a founding director of Chesapeake Gold Corp. (TSX.V), currently developing the advanced stage Metates gold and silver project located in Mexico, with 20 million ounces of gold, 540 million ounces of silver and 4.3 billion pounds zinc. From 1997 to 2004, He served as Director, President and Chief Operating Officer of Ivanhoe Mines Ltd. and was part of the team that discovered Oyu Tolgoi, in Mongolia, one of the largest copper-gold deposits in the world. As Director, President and CEO, Mr. Kunz directed the IPO on the NASDAQ of MK Gold Company in 1993, a producing gold company with worldwide operations he co-founded. For more than 17 years, Mr. Kunz served as a senior executive of the international mining and construction giant Morrison Knudsen Corporation, now URS Corporation (NYSE), including as Vice President & Controller, and CFO to the Mining Group.
"We are very pleased to welcome six outstanding new directors to the KazaX Board," said David Savage, President of KazaX. "Their unique and extensive backgrounds will help guide the Company as it moves forward in the development of its Lomonosovskoye project."
Company Website
KazaX is pleased to announce the completion of its new corporate website found at www.kazaxmineralsinc.com . The site includes information for investors and prospective investors regarding KazaX's directors, management team and an overview of its first iron ore bearing property, the Lomonosovskoye deposit located in Kostanay, Kazakhstan.
About KazaX Minerals Inc.
Kazax Minerals Inc. is a mining exploration and development company focusing on iron ore. Other world-wide target acquisitions are being sought. Kazax aims to be a significant mid-tier international mine exploration and development company in the iron ore sector.
On behalf of KazaX Minerals Inc.
David Savage, President and Director
http://tmx.quotemedia.com/article.php?newsid=53842506&qm_symbol=KZX
1 Jahreschart
Neuer Eisenerz-Explorer...könnte neuer Teil der CDU-Group werden/sein
Homepage jetzt mit Inhalt: http://www.kazaxmineralsinc.com/s/home.asp
Cardero Group auf der PDAC 2012:
NEWS - Aug. 28, 2012
KazaX Minerals Inc. Update From Annual General Meeting and Announces Appointment of New Director
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2012) - KazaX Minerals Inc. ("KazaX" or the "Company") (TSX VENTURE:KZX) wishes to provide an update on the results from its annual general meeting of shareholders held on Tuesday, August 14, 2012. At the meeting, the shareholders elected five new members to the Company's board of directors. The shareholders also re-appointed the current auditors, Manning Elliott LLP, Chartered Accountants.
Election of Directors
At the meeting, the KazaX shareholders elected seven directors, including the following five new directors:
Carlos Ballon
Mr. Ballon is a graduate of Colorado School of Mines and a very experienced mining engineer who managed the Santander Mine in Peru from 1985 to 1993. More recently he was Vice-President South America for Corriente Resources Ltd. and a director of Thiess South America (Australia's largest contract miner) where he managed major engineering works in Peru. Mr. Ballon is currently a director of Dorato Resources Inc., a mineral exploration company listed on the TSX Venture Exchange. He is also a director of Stonehouse Construction, a private international multi-disciplined project delivery company headquartered in Kuala Lumpur, focusing on projects in Malaysia and Kazakhstan.
Tarek Damerji
Mr. Damerji graduated from McGill University in Montreal, Canada, and worked in Commercial then Corporate Finance for the Toronto Dominion Bank. In 1999, Mr. Damerji returned to the Middle East and co-founded Bayt.com, one of the Middle East's leading online recruiter companies with over 150 employees operating in six different countries. In 2008, Mr. Damerji sold his interest in Bayt to a leading US based Private Equity firm, and founded Wajehat, a company that specialized in the design, engineering and project management of Facades for buildings, utilizing an innovative outsourcing model for the fabrication and installation of advanced skins for buildings. Mr. Damerji is currently the Special Projects Director for the Al Habtoor Leighton Group, a large multi-disciplinary contracting group in the Middle East, with projects in Civil, Infrastructure, Power, Oil and Gas. He is also on the Board of Directors for Stonehouse Construction, a contracting company based out of Singapore targeting Mining, Civil, Infrastructure and Oil and Gas projects.
Oleg Demidkin
Mr. Demidkin has over 23 years of experience in the steel and iron ore industry. He is a founding member of Safin Handels G.m.b.H. and is currently the President of the Safin Group, a steel trading and distribution company operating in 45 countries with a head office and financial department in Vienna, Austria. Safin also represents the interests of Otto Wolff Handelsgesellschaft m.b.H. (ThyssenKrupp) in Russia, which supplies industrial and mining equipment. Mr. Demidkin graduated from the Moscow State University, Faculty of Law, in 1993.
Anton Drescher
Mr. Drescher has been a Certified Management Accountant since 1981. He is currently a director of International Tower Hill Mines Ltd., a mineral exploration and development company listed on the TSX and NYSE-AMEX (since 1991), a director of Trevali Mining Corporation, a natural resource company listed on the TSX (since 2007) and a director of Corvus Gold Inc., an exploration and development company listed on the TSX (since 2010). Mr. Drescher also currently serves as a director and/or officer of several companies listed on the TSX Venture Exchange and is President and a director of Ravencrest Resources Inc., a company trading on the CNSX (since 2010). He is also President of Westpoint Management Consultants Limited, a private company engaged in tax and accounting consulting for business reorganizations and President of Harbour Pacific Capital Corp., a private British Columbia company involved in regulatory filings for businesses in Canada.
Paul Larkin
Mr. Larkin brings in excess of 37 years of experience in corporate finance and capital markets to the Company. Mr. Larkin is currently President of New Dawn Holdings Ltd., an independent consulting firm providing administration and financial advisory services to a number of private and public companies. Mr. Larkin is also the CEO and President of Tyner Resources Ltd., a director of Westbridge Energy Corporation, and a director and audit committee member of LNG Energy Ltd., U.S. Geothermal Inc. and Condor Resources Inc., all public resource companies. From 1972 to 1984, Mr. Larkin held various corporate finance positions in the Canadian Banking system. Mr. Larkin has also served as an audit, compensation and executive committee member for a number of other public companies.
The five new directors join KazaX's President, David Savage and current director Mohamad Chafic, both of whom were re-elected to the Board. These directors will all hold office until the next KazaX annual meeting. The five new directors replaced Jonathan Younie, Ian McKinnon and Michael Larkin. Mr. Savage would like to thank Messrs. Younie, McKinnon and Larkin for their help and assistance during the year as the Company transitioned from Newbridge Capital Inc. to KazaX Minerals Inc.
Appointment of Director
KazaX is pleased to announce the appointment of Daniel Kunz to its Board.
Mr. Kunz is an international mining executive with more than 35 years of mining experience in exploration, development, and operations. Mr. Kunz holds an MBA, a B.Sc. in Engineering, and an associate accounting degree. He has significant public company governance, finance and management experience. Mr. Kunz is a founding director of Chesapeake Gold Corp. (TSX.V), currently developing the advanced stage Metates gold and silver project located in Mexico, with 20 million ounces of gold, 540 million ounces of silver and 4.3 billion pounds zinc. From 1997 to 2004, He served as Director, President and Chief Operating Officer of Ivanhoe Mines Ltd. and was part of the team that discovered Oyu Tolgoi, in Mongolia, one of the largest copper-gold deposits in the world. As Director, President and CEO, Mr. Kunz directed the IPO on the NASDAQ of MK Gold Company in 1993, a producing gold company with worldwide operations he co-founded. For more than 17 years, Mr. Kunz served as a senior executive of the international mining and construction giant Morrison Knudsen Corporation, now URS Corporation (NYSE), including as Vice President & Controller, and CFO to the Mining Group.
"We are very pleased to welcome six outstanding new directors to the KazaX Board," said David Savage, President of KazaX. "Their unique and extensive backgrounds will help guide the Company as it moves forward in the development of its Lomonosovskoye project."
Company Website
KazaX is pleased to announce the completion of its new corporate website found at www.kazaxmineralsinc.com . The site includes information for investors and prospective investors regarding KazaX's directors, management team and an overview of its first iron ore bearing property, the Lomonosovskoye deposit located in Kostanay, Kazakhstan.
About KazaX Minerals Inc.
Kazax Minerals Inc. is a mining exploration and development company focusing on iron ore. Other world-wide target acquisitions are being sought. Kazax aims to be a significant mid-tier international mine exploration and development company in the iron ore sector.
On behalf of KazaX Minerals Inc.
David Savage, President and Director
http://tmx.quotemedia.com/article.php?newsid=53842506&qm_symbol=KZX
1 Jahreschart
29. August 2012
Jackson Hole naht: Das Hoffen auf steigende Goldkurse
Wenn der FED-Chef redet, hören Experten auf jede Nuance. Besonders aufmerksam werden die Worte von Ben Bernanke am kommenden Freitag unter die Lupe genommen werden. Denn sie können weitreichende Folgen haben.
...
http://bjoernjunker.wordpress.com/2012/08/29/jackson-hole-naht-das-hoffen-auf-steigende-goldkurse/
Jackson Hole naht: Das Hoffen auf steigende Goldkurse
Wenn der FED-Chef redet, hören Experten auf jede Nuance. Besonders aufmerksam werden die Worte von Ben Bernanke am kommenden Freitag unter die Lupe genommen werden. Denn sie können weitreichende Folgen haben.
...
http://bjoernjunker.wordpress.com/2012/08/29/jackson-hole-naht-das-hoffen-auf-steigende-goldkurse/
29.08.2012
Lukrativer Edelmetallhandel
Deutschland stopft goldene Steuerlücke
"Goldfinger" werden sie in den Finanzämtern genannt: Gutverdiener, die im Nebenerwerb eine Goldhandelsfirma im Ausland betreiben - um ihre Steuerbelastung zu drücken. Der Trick ist ganz legal. Noch.
von Daniel Schönwitz, Düsseldorf
...
http://www.ftd.de/karriere-management/recht-steuern/:lukrativer-edelmetallhandel-deutschland-stopft-goldene-steuerluecke/70082813.html?google_editors_picks=true
Lukrativer Edelmetallhandel
Deutschland stopft goldene Steuerlücke
"Goldfinger" werden sie in den Finanzämtern genannt: Gutverdiener, die im Nebenerwerb eine Goldhandelsfirma im Ausland betreiben - um ihre Steuerbelastung zu drücken. Der Trick ist ganz legal. Noch.
von Daniel Schönwitz, Düsseldorf
...
http://www.ftd.de/karriere-management/recht-steuern/:lukrativer-edelmetallhandel-deutschland-stopft-goldene-steuerluecke/70082813.html?google_editors_picks=true
BAR
Balmoral Discovers Three More Broad Areas of Gold Mineralization on Martiniere Property, Quebec
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2012) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR)(OTCQX:BALMF) reported today that exploration drilling on its Martiniere Property in Central Quebec, conducted well outside the previously known extent of the Martiniere Gold System, has intersected three new, broad areas of gold mineralization. The new discoveries materially expand the scale and potential of the gold mineralized system on the Property. In addition to the three new gold discoveries, the Company also intersected a wide interval of anomalous zinc mineralization while testing a new VMS target on the Property. The Martiniere Property, centered approximately 45 kilometres east of the Detour Lake gold deposit, is centrally located within Balmoral's 82 kilometre long Detour Trend Gold Project in Quebec, Canada.
The three new discoveries returned anomalous gold mineralization over down hole intervals of 82.00, 25.97 and 11.00 metres (see table below). The new discoveries are located 440 metres southwest, 1,200 metres west and 2,050 metres southwest of the Company's recently announced bonanza grade gold discovery in hole MDE-12-29 which returned 273 g/t gold over 3.88 metres (see NR12-19; August 16, 2012).
"Today's discoveries, in three previously untested areas of the Martiniere Property, continue to demonstrate just how regionally extensive this gold bearing system is and the tremendous opportunity it represents for the Company," said Darin Wagner, President and CEO of Balmoral Resources.
Details
Drill hole MDX-12-01 was collared approximately 450 metres southeast of, and in the footwall to, the Martiniere West Zone to test an airborne EM anomaly. The hole intersected graphitic, pyrite bearing mudstone above the West Gabbro contact. Within the marginal phase of the West Gabbro, an 82 metre wide interval of silica veining, weak to moderate alteration, sulphide mineralization and anomalous gold values was intersected. The zone of anomalous gold mineralization bears strong similarities to the peripheral areas surrounding the high grade Martiniere West Zone.
MDX-12-02, collared 230 metres west-northwest of the current westernmost intercept in the West Zone targeted an interpreted shear structure cutting the West Gabbro. This hole intersected a 25.97 metre wide interval of weak alteration and quartz-carbonate veining which returned anomalous gold mineralization and may indicate the presence of a new gold mineralized structure in this area which has not been tested by any historic drilling. Hole MDX-12-04, located approximately 600 metres further south also intersected a wide interval of shearing, porphyry dyking and alteration.
Hole MDX-12-03 targeted one of a series of EM conductors located on the eastern half of the Property approximately 5.8 kilometres east of the West Zone. The hole intersected, at a relatively low angle to core axis, a 25.80 metre wide interval of massive to semi-massive pyrite, pyrrhotite and graphitic mudstone associated with strongly anomalous zinc and elevated copper, lead and cadmium values. A number of airborne EM conductors in this same area remain untested.
Drill hole MDX-12-05 successfully intersected a zone of anomalous gold mineralization associated with quartz-carbonate veining at the contact between sheared sedimentary and mafic intrusive lithologies. Hole MDX-12-06, drilled approximately 300 metres to the south of hole MDX-12-05, collared and remained in the sedimentary sequence intersecting narrow intervals of anomalous gold mineralization.
Detour East
The Company also reported the results of 8 drill holes, (DTE-12-08 to -15) totaling approximately 2,650 metres, completed on the Detour East Property, which also forms part of the Detour Trend Gold Project. The Detour East program was successful in identifying and/or confirming the presence of several strong shear/deformation corridors on the property with 6 of 8 holes intersecting significant shear zones. Several weakly anomalous gold zones were intersected with individual assay values ranging from below detection to a high of 3.06 g/t gold over 0.60 metres in hole DTE-12-08 (285.40 to 286.00 metres). With this information now in hand the Company can begin targeting potentially productive sites along these structures on the Property during the next phase of drilling. A program of geochemical sampling is currently underway on the Detour East Property to assist with the next phase of drill targeting.
Guidance
Analytical results from an additional 38 drill holes completed on the Martiniere Property remain pending at this time. The Company anticipates that results from a series of five holes targeting extensions of the high-grade West Zone will be the next series of holes available for release. These holes were designed to test the continuity of the West Zone to a vertical depth of approximately 350 metres, or approximately 100 metres (30%) deeper than the previous deepest intercepts on the Zone.
Additional results from testing of the Bug Lake Zone, ME-16 Area, Footwall discovery and a number of the high-grade vein systems in the Martiniere East area will be released as they become available over the next 6-8 weeks.
Drilling has now been temporarily suspended on the Martiniere Property to allow the large back log of assay data to clear. The Company currently anticipates that drilling will resume in September and continue into the fall as conditions permit before a brief hiatus during freeze-up.
Quality Control
Mr. Darin Wagner (P.Geo.), President and CEO of the Company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Wagner has supervised the work programs on the Martiniere and Detour East Properties, visited the properties on multiple occasions, examined the drill core from the holes summarized in this release and reviewed the available analytical and quality control results.
Balmoral has implemented a quality control program for all of its drill programs, to ensure best practice in the sampling and analysis of the drill core, which includes the insertion of blind blanks, duplicates and certified standards into sample stream. NQ sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization and alteration. The remaining half of the core is stored on-site at the Company's Martiniere field camp in Central Quebec. Drill core samples are transported in sealed bags to ALS Minerals Val d'Or, Quebec analytical facilities. Gold analyses are obtained via industry standard fire assay with atomic absorption finish using 30 g aliquots. For samples returning greater than 5.00 g/t gold follow-up fire assay analysis with a gravimetric finish is completed. The Company has also requested that any samples returning greater than 10.00 g/t gold undergo screen metallic fire assay. Following receipt of assays visual analysis of mineralized intercepts is conducted and additional analysis may be requested to ensure the accurate representation of mineralized zones. ALS Minerals is ISO 9001:2008 certified and the Val d'Or facilities are ISO 17025 certified for gold analysis.
About Balmoral Resources Ltd. - www.balmoralresources.com
Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery.
On behalf of the board of directors of BALMORAL RESOURCES LTD.
Darin Wagner, President and CEO
http://tmx.quotemedia.com/article.php?newsid=53871724&qm_symbol=BAR
Balmoral Discovers Three More Broad Areas of Gold Mineralization on Martiniere Property, Quebec
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2012) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR)(OTCQX:BALMF) reported today that exploration drilling on its Martiniere Property in Central Quebec, conducted well outside the previously known extent of the Martiniere Gold System, has intersected three new, broad areas of gold mineralization. The new discoveries materially expand the scale and potential of the gold mineralized system on the Property. In addition to the three new gold discoveries, the Company also intersected a wide interval of anomalous zinc mineralization while testing a new VMS target on the Property. The Martiniere Property, centered approximately 45 kilometres east of the Detour Lake gold deposit, is centrally located within Balmoral's 82 kilometre long Detour Trend Gold Project in Quebec, Canada.
The three new discoveries returned anomalous gold mineralization over down hole intervals of 82.00, 25.97 and 11.00 metres (see table below). The new discoveries are located 440 metres southwest, 1,200 metres west and 2,050 metres southwest of the Company's recently announced bonanza grade gold discovery in hole MDE-12-29 which returned 273 g/t gold over 3.88 metres (see NR12-19; August 16, 2012).
"Today's discoveries, in three previously untested areas of the Martiniere Property, continue to demonstrate just how regionally extensive this gold bearing system is and the tremendous opportunity it represents for the Company," said Darin Wagner, President and CEO of Balmoral Resources.
Details
Drill hole MDX-12-01 was collared approximately 450 metres southeast of, and in the footwall to, the Martiniere West Zone to test an airborne EM anomaly. The hole intersected graphitic, pyrite bearing mudstone above the West Gabbro contact. Within the marginal phase of the West Gabbro, an 82 metre wide interval of silica veining, weak to moderate alteration, sulphide mineralization and anomalous gold values was intersected. The zone of anomalous gold mineralization bears strong similarities to the peripheral areas surrounding the high grade Martiniere West Zone.
MDX-12-02, collared 230 metres west-northwest of the current westernmost intercept in the West Zone targeted an interpreted shear structure cutting the West Gabbro. This hole intersected a 25.97 metre wide interval of weak alteration and quartz-carbonate veining which returned anomalous gold mineralization and may indicate the presence of a new gold mineralized structure in this area which has not been tested by any historic drilling. Hole MDX-12-04, located approximately 600 metres further south also intersected a wide interval of shearing, porphyry dyking and alteration.
Hole MDX-12-03 targeted one of a series of EM conductors located on the eastern half of the Property approximately 5.8 kilometres east of the West Zone. The hole intersected, at a relatively low angle to core axis, a 25.80 metre wide interval of massive to semi-massive pyrite, pyrrhotite and graphitic mudstone associated with strongly anomalous zinc and elevated copper, lead and cadmium values. A number of airborne EM conductors in this same area remain untested.
Drill hole MDX-12-05 successfully intersected a zone of anomalous gold mineralization associated with quartz-carbonate veining at the contact between sheared sedimentary and mafic intrusive lithologies. Hole MDX-12-06, drilled approximately 300 metres to the south of hole MDX-12-05, collared and remained in the sedimentary sequence intersecting narrow intervals of anomalous gold mineralization.
Detour East
The Company also reported the results of 8 drill holes, (DTE-12-08 to -15) totaling approximately 2,650 metres, completed on the Detour East Property, which also forms part of the Detour Trend Gold Project. The Detour East program was successful in identifying and/or confirming the presence of several strong shear/deformation corridors on the property with 6 of 8 holes intersecting significant shear zones. Several weakly anomalous gold zones were intersected with individual assay values ranging from below detection to a high of 3.06 g/t gold over 0.60 metres in hole DTE-12-08 (285.40 to 286.00 metres). With this information now in hand the Company can begin targeting potentially productive sites along these structures on the Property during the next phase of drilling. A program of geochemical sampling is currently underway on the Detour East Property to assist with the next phase of drill targeting.
Guidance
Analytical results from an additional 38 drill holes completed on the Martiniere Property remain pending at this time. The Company anticipates that results from a series of five holes targeting extensions of the high-grade West Zone will be the next series of holes available for release. These holes were designed to test the continuity of the West Zone to a vertical depth of approximately 350 metres, or approximately 100 metres (30%) deeper than the previous deepest intercepts on the Zone.
Additional results from testing of the Bug Lake Zone, ME-16 Area, Footwall discovery and a number of the high-grade vein systems in the Martiniere East area will be released as they become available over the next 6-8 weeks.
Drilling has now been temporarily suspended on the Martiniere Property to allow the large back log of assay data to clear. The Company currently anticipates that drilling will resume in September and continue into the fall as conditions permit before a brief hiatus during freeze-up.
Quality Control
Mr. Darin Wagner (P.Geo.), President and CEO of the Company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Wagner has supervised the work programs on the Martiniere and Detour East Properties, visited the properties on multiple occasions, examined the drill core from the holes summarized in this release and reviewed the available analytical and quality control results.
Balmoral has implemented a quality control program for all of its drill programs, to ensure best practice in the sampling and analysis of the drill core, which includes the insertion of blind blanks, duplicates and certified standards into sample stream. NQ sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization and alteration. The remaining half of the core is stored on-site at the Company's Martiniere field camp in Central Quebec. Drill core samples are transported in sealed bags to ALS Minerals Val d'Or, Quebec analytical facilities. Gold analyses are obtained via industry standard fire assay with atomic absorption finish using 30 g aliquots. For samples returning greater than 5.00 g/t gold follow-up fire assay analysis with a gravimetric finish is completed. The Company has also requested that any samples returning greater than 10.00 g/t gold undergo screen metallic fire assay. Following receipt of assays visual analysis of mineralized intercepts is conducted and additional analysis may be requested to ensure the accurate representation of mineralized zones. ALS Minerals is ISO 9001:2008 certified and the Val d'Or facilities are ISO 17025 certified for gold analysis.
About Balmoral Resources Ltd. - www.balmoralresources.com
Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery.
On behalf of the board of directors of BALMORAL RESOURCES LTD.
Darin Wagner, President and CEO
http://tmx.quotemedia.com/article.php?newsid=53871724&qm_symbol=BAR
[url=http://peketec.de/trading/viewtopic.php?p=1289221#1289221 schrieb:
CDU
August 30, 2012
Cardero Announces Further Positive Results from Ferricrete Reverse Circulation Drilling, Sheini Hills Iron Project, Ghana
Best intersections include:</B>
Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-MKT: CDY, Frankfurt: CR5) announces receipt of further reverse circulation drill results from Phase I Ferricrete (detrital iron) drilling at the Company's Sheini Hills Iron Project, in northeastern Ghana.
In addition to the drilling of haematite ironstones, surface Ferricrete/Detrital Deposits have been tested with 127 short drill holes (1,923 metres) of reverse circulation drilling. Cardero has received assay results from an additional 52 reverse circulation holes located in 7 of the 8 Ferricrete fields drill-tested (Figure 1, Table 1). The ferricrete in these holes ranges from 1 metre to 18 metres in thickness.
RESOURCE ESTIMATE UNDERWAY
Now that the Phase I exploration program at Sheini Hills has been completed, SRK Consulting has been retained to complete a maiden resource estimate report in accordance with NI 43-101. Cardero anticipates dissemination of the report in Q4 2012.
Detrital iron deposits are found where weathering has eroded bedded ironstones and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types have been found peripheral to the Sheini Hills ironstone ridges. When rock units break down under the weathering process they are often affected by circulating groundwater and under appropriate conditions typically form hard indurated zones such as ferricrete and laterite.
The quality of the potential iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini Hills, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes. By definition, all of the ferricrete deposits occur at surface with no overburden providing a zero strip ratio if future mining is considered feasible.
QUALIFIED PERSON
EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.
QA/QC
The work program at Sheini is supervised by Christopher White (Cardero Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation, and onward to OMAC Laboratories (an ALS Group company), Ireland, for analysis. OMAC's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.
Figure 1: Maps showing Sheini Property (left) and the Phase I drill program focused in north-central area (right). The drill program focused on diamond drilling of ironstone ridges as well as reverse circulation drilling of surface iron / ferricrete. Ferricrete Fields 1- 8 are labeled; this release includes data from all fields, excluding Field 6.
ABOUT CARDERO RESOURCE CORP.
The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site ( www.cardero.com ), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov .
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Michael Hunter" (signed)
Michael Hunter, CEO and President
Contact Information:
Nancy Curry, Corporate Communications
Direct Tel: 604 638-3287
General Contact:
Email: info@cardero.com
Toll Free: 1-888-770-7488
Tel: 604 408-7488
Fax: 604 408-7499
http://www.cardero.com/s/news_releases.asp?ReportID=544709
August 30, 2012
Cardero Announces Further Positive Results from Ferricrete Reverse Circulation Drilling, Sheini Hills Iron Project, Ghana
Best intersections include:</B>
- RC Hole 50; 11 metres from surface, grading 43.80% Iron
RC Hole 52; 9 metres from surface, grading 40.68% Iron
RC Hole 53; 8 metres from surface, grading 43.21% Iron
RC Hole 57; 8 metres from surface, grading 42.36% Iron
Vancouver, British Columbia...Cardero Resource Corp. ("Cardero" or the "Company") (TSX: CDU, NYSE-MKT: CDY, Frankfurt: CR5) announces receipt of further reverse circulation drill results from Phase I Ferricrete (detrital iron) drilling at the Company's Sheini Hills Iron Project, in northeastern Ghana.
In addition to the drilling of haematite ironstones, surface Ferricrete/Detrital Deposits have been tested with 127 short drill holes (1,923 metres) of reverse circulation drilling. Cardero has received assay results from an additional 52 reverse circulation holes located in 7 of the 8 Ferricrete fields drill-tested (Figure 1, Table 1). The ferricrete in these holes ranges from 1 metre to 18 metres in thickness.
RESOURCE ESTIMATE UNDERWAY
Now that the Phase I exploration program at Sheini Hills has been completed, SRK Consulting has been retained to complete a maiden resource estimate report in accordance with NI 43-101. Cardero anticipates dissemination of the report in Q4 2012.
Detrital iron deposits are found where weathering has eroded bedded ironstones and deposited ironstone fragments in natural traps formed by topography. Some deposits are loose gravels while others are naturally cemented (hematite conglomerate) and both types have been found peripheral to the Sheini Hills ironstone ridges. When rock units break down under the weathering process they are often affected by circulating groundwater and under appropriate conditions typically form hard indurated zones such as ferricrete and laterite.
The quality of the potential iron ore in these deposits depends on the grade and quality of the iron particles making up the clasts in the conglomerate. At Sheini Hills, the ferricrete tends to be composed primarily of the higher-grade, banded-type ironstone, rather than the lower-grade diamictite, which is easily broken down by weathering processes. By definition, all of the ferricrete deposits occur at surface with no overburden providing a zero strip ratio if future mining is considered feasible.
QUALIFIED PERSON
EurGeol Keith Henderson, PGeo, Cardero's Executive Vice President and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an officer and shareholder.
QA/QC
The work program at Sheini is supervised by Christopher White (Cardero Resource Corp.) and Dr. Karel Maly (Aurum Exploration Limited), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Laboratories, Kumasi, Ghana, for sample preparation, and onward to OMAC Laboratories (an ALS Group company), Ireland, for analysis. OMAC's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence in order to independently assess analytical accuracy.
Figure 1: Maps showing Sheini Property (left) and the Phase I drill program focused in north-central area (right). The drill program focused on diamond drilling of ironstone ridges as well as reverse circulation drilling of surface iron / ferricrete. Ferricrete Fields 1- 8 are labeled; this release includes data from all fields, excluding Field 6.
ABOUT CARDERO RESOURCE CORP.
The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-MKT (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site ( www.cardero.com ), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov .
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Michael Hunter" (signed)
Michael Hunter, CEO and President
Contact Information:
Nancy Curry, Corporate Communications
Direct Tel: 604 638-3287
General Contact:
Email: info@cardero.com
Toll Free: 1-888-770-7488
Tel: 604 408-7488
Fax: 604 408-7499
http://www.cardero.com/s/news_releases.asp?ReportID=544709
[url=http://peketec.de/trading/viewtopic.php?p=1292087#1292087 schrieb:
Galway Resources Ltd. ("Galway") (TSXV: GWY) is pleased to announce that it has successfully negotiated to obtain title to nine mining concessions located in the municipality of California in Santander, Colombia, where the vast majority of drilling has taken place to date. Galway has received confirmation from the Colombian Mining Ministry that mining titles for 100% of six concessions were successfully transferred and registered to Galway Resources, including the "fractions" that appear to be directly within AUX's La Mascota mineralized structure. The three remaining mining titles are anticipated to be transferred in the next several weeks.
Pursuant to the terms of the various agreements, Galway has made payments of approximately US$6.6 million in cash, which includes an advance payment on estimated gold resources, and $7.8 million in share payments will be made upon approval by the TSX Venture Exchange. Pro rata payments will be made on additional NI 43-101 compliant measured and indicated gold resources established until June 15, 2013, payable in both cash and shares. The initial gold resource estimate on Galway's California concessions is anticipated to be released in early September.
After assessing drill results of our geological targets, Galway did not renew the option on the Tronadora concession 0204-68, which is located 2.5 km southwest of Galway's main California concessions, as well as concession 107-68.
Pursuant to the terms of the various agreements, Galway has made payments of approximately US$6.6 million in cash, which includes an advance payment on estimated gold resources, and $7.8 million in share payments will be made upon approval by the TSX Venture Exchange. Pro rata payments will be made on additional NI 43-101 compliant measured and indicated gold resources established until June 15, 2013, payable in both cash and shares. The initial gold resource estimate on Galway's California concessions is anticipated to be released in early September.
After assessing drill results of our geological targets, Galway did not renew the option on the Tronadora concession 0204-68, which is located 2.5 km southwest of Galway's main California concessions, as well as concession 107-68.
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