Rohstoffthread (Archiv)

[Ollinho]

Na das sind doch ordentliche News! Meinungen?

Scheint ja erhebliche Verspätungen mit der Auswertung zu geben. Aber auch kein Wunder bei der Überlastung der Labors.

LARGO RESOURCES LTD
Largo Intersects 53.6 Metres Grading 0.32% Tungsten at Northern Dancer Tungsten-Molybdenum Project, Yukon
11/13/2007
- LT07-73 intersects 339.90 metres grading 0.15% Tungsten (WO3) and 0.03% Molybdenum (Mo) including 53.60 metres grading 0.32% WO3 and 0.02% Mo

TORONTO, ONTARIO, Nov 13, 2007 (MARKET WIRE via COMTEX News Network) --

Largo Resources Ltd. (TSX VENTURE: LGO) announces that it has received results for three (3) drill holes totalling 486 samples which is part of the recently completed drill program of 26 holes totalling 8,494 metres at the Company's 1,500 hectare Northern Dancer Tungsten-Molybdenum property which straddles the Yukon-British Colombia border 290 kilometres east of Whitehorse. The drill program focussed on upgrading and expanding the mineral resource reported in the April 2, 2007 press release as well as further defining the higher grade tungsten and molybdenum zones. Preliminary pit modelling was done in order to help maximize the effectiveness of the drill program.

Observations from logging of drill core indicate that numerous quartz veins and veinlets were intersected containing varying amounts of scheelite and molybdenite. As of November 9th 2007, 2442 samples had been sent to Acme Analytical Laboratories Ltd. in Vancouver. This includes samples from the first 13 drill holes. Largo is experiencing delays in receiving assay results as Acme's laboratory is extremely backed up. Largo has received results for only 486 samples at this time. Assays are pending on the remaining 1956 samples. Core logging has been completed on 15 holes with 10 holes remaining to be logged. The remaining 12 holes are being cut and sampled.

Results from the first three holes received from Acme Labs are summarized in Table 1 below.

The Northern Dancer property hosts widespread tungsten-molybdenum porphyry style mineralization, the core of which has been partially delineated by 68 diamond drill holes and 496 metres of underground workings. This work was done by AMAX Minerals Exploration from 1977 to 1980 and by Largo Resources which completed a 17-hole diamond drill program in 2006. On April 2, 2007, Largo announced a NI 43-101 compliant inferred mineral resource of 242.0 million tonnes grading 0.10% WO3 and 0.047% MoS2 containing 508.1 million lbs. tungsten (WO3) and 151.0 million lbs. molybdenum (Mo) confirming Northern Dancer as one of the largest undeveloped tungsten-molybdenum deposits in the world. This resource includes a higher grade Mo zone of 36.8 million tonnes of 0.085% MoS2; more drilling is required to define a higher grade tungsten resource.

Andy Campbell, Vice President, Exploration commented: "We are very encouraged with the initial results as the focus of the 2007 drill program has been to define the extent of the higher-grade tungsten and molybdenum zones intersected in the 2006 program. Largo has completed a series of angled drill hole fences across the deposit to fully test the higher-grade zones." He continued, "historical drill holes were vertical to subvertical and hence did not adequately test the typically steeply dipping quartz-scheelite veins within which higher tungsten grades are associated. Our work indicates that major structures may have controlled the distribution of mineralization, especially tungsten, more than previously thought and these structures have been tested in the current drill program."

The Northern Dancer deposit is one of the world's largest known tungsten-molybdenum porphyry systems. The mineralization is hosted in fractures and veins associated with a northeast-trending sheeted vein system in calc-silicate (skarn) rocks and spatially related to a felsic intrusion (quartz-feldspar porphyry). The deposit, which has been tested by drilling of 750 metres along strike, 500 metres vertically and 600 metres in width, remains open along strike to both the northeast and southwest as well as at depth.

Tungsten and molybdenum mineralization are concentrated in two zones which partially overlap. In the core of the deposit, there is a higher-grade molybdenum zone where molybdenite occurs within and adjacent to the felsic intrusion. Surrounding and partially overlapping the molybdenum zone is a much more extensive tungsten zone where scheelite occurs in northeast-trending sheeted quartz veins in skarn.

Analytical work is being carried out at Acme Analytical Laboratories Ltd. in Vancouver, British Columbia, an ISO 9001-2000 certified laboratory. The samples are crushed to 70% passing 10 mesh, split to 250 g and pulverized to 95% passing 150 mesh. A 5-gram split is analyzed for Mo and W using a phosphoric acid leach followed by ICP-emission spectrometry. Then a second 5-gram split is analyzed for 36 elements by ICP-mass spectrometry using a hot (95 degrees centigrade) aqua regia leach. Routine check assays are performed at SGS Minerals in Lakefield, Ontario on sample rejects. Largo employs a systematic QA/QC program including standards, duplicates and blanks. Andy Campbell, P. Geo., Largo's Vice President of Exploration, is the Qualified Person responsible for the scientific and technical work for the program as defined under National Instrument 43-101 and has reviewed this press release.

About Largo

Largo Resources is a Canadian natural resource development and exploration company with two advanced stage projects: the Northern Dancer Tungsten-Molybdenum deposit in the Yukon and the Maracas Vanadium-PGM deposit in Brazil. Largo also has a large (60,000 hectare) land position and prospective gold exploration properties in Ecuador. The company is listed on the TSX Venture Exchange under the symbol LGO.

For more information please refer to Largo's website: www.largoresources.com

Disclaimer

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding the company's plan of business operations, production levels and costs, estimates regarding mineral resources, projections regarding mineral prices anticipated revenues and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.


Table 1: Summary of Significant Assay Results - Northern Dancer Property,
Yukon
---------------------------------------------------------------------------
Hole Number From To WO3% Mo% Interval (metres)
---------------------------------------------------------------------------
LT07-73 0.00 339.90 0.15 0.03 339.90
including 9.60 22.90 0.20 0.02 13.30
including 99.00 162.00 0.18 0.03 63.00
including 234.40 288.00 0.32 0.02 53.60
---------------------------------------------------------------------------
LT07-74 176.00 202.20 0.08 0.01 26.20
and 248.00 266.00 0.09 0.03 18.00
---------------------------------------------------------------------------
LT07-78 75.00 139.00 0.12 0.02 64.00
including 93.00 108.00 0.17 0.02 15.00
---------------------------------------------------------------------------
Please note that management believes that the intervals provided in the
table above closely approximate true widths.
Drill hole Information - Northern Dancer Property, Yukon
---------------------------------------------------------------------------
Hole Number Northing Easting Elevation Azimuth Dip
---------------------------------------------------------------------------
LT07-73 6,654,970 354,600 1527 135 -45
LT07-74 6,654,588 354,507 1720 315 -45
LT07-78 6,654,740 354,296 1697 135 -50
---------------------------------------------------------------------------

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts: Largo Resources Ltd. Mark Brennan President & CEO (416) 861-5886 Email: mbrennan@largoresources.com Largo Resources Ltd. Tony LaMantia VP, Corporate Development (416) 861-5882 Email: tlamantia@largoresources.com Website: www.largoresources.com

SOURCE: Largo Resources Ltd.

mailto:mbrennan@largoresources.com mailto:tlamantia@largoresources.com http://www.largoresources.com
Copyright 2007 Market Wire, All rights reserved.

 

[dukezero]

 

[dukezero]

CANDENTE RESOURCES CORP
Candente Resources Corp.: SRK Consulting (Canada) Inc. Joins Canariaco Norte Feasibility Team
11/14/2007
VANCOUVER, BRITISH COLUMBIA, Nov 14, 2007 (Marketwire via COMTEX News Network) --

Candente Resource Corp. (TSX:DNT)(BVL:DNT)(WKN:GW4) ("Candente") is pleased to report that SRK Consulting (Canada) Inc. ("SRK") has been selected to join the Canariaco feasibility team. SRK will initially focus on resource modelling, starter pit optimizations, geotechnical studies and mine planning. SRK will also carry out a new resource estimate for Canariaco Norte once sufficient drilling is completed to fully delineate deeper mineralization recently intersected in five holes to depths of up to 767 meters below surface.

The five deeper holes indicate a significant expansion to the deposit size since the March 2007 resource was based on 82 holes (26,019 meters) with average depths of 300 to 400 metres (m). To date more than 50,000 m have been drilled in 182 holes both as infill and expansion of the Canariaco Norte deposit. Three drills owned and operated by Energold Drilling Corp. are currently active at Canariaco Norte. One of the rigs is currently testing a potential southern extension 350 m southeast of the previously known deposit margin.

SRK joins Tetra Tech, Inc., Hydrometal LLC (Joe Schlitt), Merit International Consultants and AMEC Plc on the Canariaco feasibility study team lead by Samuel Engineering, Inc., of Denver, Colorado. Amec is responsible for the Environmental and Social Impact Assessment, which has been underway since January 2007. Joe Schlitt of Hydrometal LLC, is overseeing the metallurgical testing program, which has been underway since June 2007 along with SGS Lakefield in Santiago, Chile. Other discipline-specific studies associated with the Canariaco feasibility study have been underway since May 2007.

Candente's Canariaco copper project in the Department of Lambayeque, Northern Peru continues to set itself apart from many other current copper development projects due to the increasing size of resource, higher grade starter pit, large percentage of chalcocite, low stripping ratio and good infrastructure in the form of existing, accessible grid power, roads and water.

Feasibility is focused on a higher grade pit with a low strip ratio of 1.3 to 1 (the "Starter Pit") which is expected to allow for a shorter pay-back period. After payback, expansions to the operation may be financed from cash flow. As part of the Canariaco feasibility, trade-off studies are underway to examine three scalable scenarios for Candente to develop the deposit.

- Scenario 1: Stage I Leaching SX-EW operation with Stage II increased production also SX-EW;

- Scenario 2: Stage I Leaching SX-EW with a Stage II Milling operation; and

- Scenario 3: Stage I Milling with Stage II increased production also Milling.

Key components of the trade-off studies are capital expenditures operating costs, recoveries and time to production and saleable copper. While initial capital expenditures would be higher for the milling scenario (Scenario 3), the increased copper recovery may justify the additional capital.

About SRK Consulting (Canada) Inc.

SRK is an independent, international consulting group, employing leading specialists in environmental science and mineral engineering. Its seamless integration of services, and global base, has made the company a significant international practice in due diligence, feasibility studies and confidential internal reviews. SRK's global experience and reputation for excellence is widely recognized among the major financial institutions and we are repeatedly called upon to advise on and evaluate projects for all types of market transactions. Formed in 1974, SRK employs more than 600 professionals internationally in 31 permanent offices on 6 continents.

About Canariaco Norte

On March 4, 2007, an updated independent mineral resource estimate was completed on the Canariaco Norte Zone (see News Release 202, March 4th, 2007). The Measured resource was estimated as 255 million tonnes (MT) averaging 0.45% Cu and the Indicated resource was estimated as 388 million tonnes (MT) averaging 0.45% Cu, both used a cut-off grade of 0.3% Cu. Together the Measured and Indicated resource was 643 million tonnes (MT) containing 6.35 billion (B) pounds (lbs) of copper. The Inferred resource was estimated as 177 MT averaging 0.45% Cu at a cut-off grade of 0.3% Cu and containing 1.75 B lbs of Cu. Within the larger resource, a Starter Pit of 104 MT (Measured 65 MT and Indicated 39 MT) grading 0.60% Cu at a cut-off of 0.28% Cu was delineated.

Complete results, maps, cross-sections and all reports can be viewed at: http://www.candente.com/s/PeruProjects_Canariaco.asp

Sampling and analytical procedures conform to NI 43-101 standards and are detailed in the April 26th, 2007 Minefill report which can be found on the Candente Website shown above. All samples were submitted to Actlabs in Lima, Peru. Robert van Egmond, P.Geo., Manager Exploration Peru is the Qualified Person as defined by NI 43-101 for the project discussed above and he has read and approved the contents of this release.

About Candente Resource Corp.

Candente is a diversified exploration company with copper, gold, silver, and zinc projects in Peru and Mexico. Candente subscribes to principles, which ensure that its exploration and development activities are beneficial to the local communities.

NR 229

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation protection for forward-looking statements.

CAUTIONARY NOTE TO U.S. INVESTORS

We advise U.S. investors that this news release uses terms which are not recognized by the United States Securities and Exchange Commission ("SEC"), including "mineral resources", "measured resources", "indicated resources" and "inferred resources". The estimation of measured and indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that mineral resources in these categories will be converted to reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically mineable, or will be upgraded into measured or indicated mineral resources. U.S. investors are cautioned not to assume that mineral resources in any of these categories will be converted into reserves.

SOURCE: Candente Resource Corp.

Candente Resource Corp. Mr. Johnny DeCooman (917) 402-9416 Candente Resource Corp. Mr. Neil Currie (604) 689-1957 or Toll Free: 1-877-689-1964 Email: communications@candente.com Website: www.candente.com
Copyright (C) 2007 Marketwire. All rights reserved.

 

[greenhorn]

 

[greenhorn]

Nov 14, 2007 07:00 ET
Castillian Intersects 27.20 Meters Grading 0.66% Nickel, 0.39% Copper Including 8.94 Meters Grading 0.92% Nickel, 0.53% Copper and Significant PGM at Marifil's Las Aguilas Project in Argentina
SPOKANE, WASHINGTON--(Marketwire - Nov. 14, 2007) - MARIFIL MINES LTD. (TSX VENTURE:MFM) ("Marifil" or "the Company") announces that its partner, Castillian Resources Corporation (TSX VENTURE:CT) has reported a third round of assay results from its ongoing drill campaign at Marifil's Las Aguilas Ni-Cu-PGE deposit, San Luis Province, central Argentina. Las Aguilas is located 40 km NE of the city of San Luis and about 200 km east of City of Mendoza (see Figure 1) and is an option - joint venture with (Marifil.)" (See Marifil press releases dated May 17 and June 6, 2007).

According to Castillian: "Assays for eight holes are listed in Table 1 below, including hole LA07-021 which intersected 27.2 meters grading 0.66% Ni, 0.39% copper, 0.03% cobalt including 8.94 meters grading 0.92% Nickel, 0.53% Copper and 0.04% Cobalt.

Notes Castillian: The ongoing drill program is designed to confirm and expand the Las Aguilas Ni-Cu deposit and provide data required to complete a NI-43-101 compliant resource estimate that includes assays for platinum group elements (PGE) which were not systematically analysed by previous explorers. The occurrence of significant platinum, palladium and gold values in holes LA07-21, 19 and 24 provides evidence that precious metals could provide a significant contribution to the value of the deposit. Hole LA07-021 extends the deposit to the south and at depth and it remains open in those directions. Both the Las Aguilas East Deposit and West deposit remain open at depth at this time.

John Hite notes that, "this news release continues to confirm the validity of our joint venture model. Marifil retains a 40% interest in this project, and, at Marifil's option, we can be fully carried through to production and still retain a 35% interest without further dilution to our shareholders. We are highly encouraged that there is a good possibility Castillian will be able to increase the size of this deposit. The Company is very pleased by the high quality and professionalism displayed by Castillian and its staff in carrying out this project. We certainly chose the right partner."

The Las Aguilas Deposit contains a historical resource of 2.2 million tonnes grading 0.52 % Ni, 0.51 % Cu and 0.04 % Co at a 0.3% Ni cut-off grade. The resource occurs in two sulfide deposits (Las Aguilas East and West Deposits), as defined by Fabricaciones Militares in 1986, which intermittently carried out various geological, geophysical and surface drilling exploration campaigns from 1972 until 1986. This resource estimate has not been confirmed by Castillian and predates the establishment of NI 43-101 standards and is provided for information only.

Project Status:

Since the program started in early July a total of 56 drill holes totalling 8,755 meters of drilling have been completed, of which assay results have only been received for 24 drill holes. Thirty two (32) drill holes have assays pending and these will be reported on a continual basis as the data is received. The project is on track and it is expected that an initial, independent, NI 43-101 compliant resource estimate will be completed by year-end. Turn around time for assay results has been much longer than expected due to high volumes at the laboratories, so it is possible completion of the resource estimate could be delayed for several weeks due to pending assay results. It is possible that the deposit will not be closed off at the end of this drill campaign.

Quality Control

 

[greenhorn]

Nov 14, 2007 08:43 ET
Osisko Annouces Exercise of Underwriters' Option for C$50,050,000
MONTREAL, QUEBEC--(Marketwire - Nov. 14, 2007) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Osisko Exploration Ltd. (TSX VENTURE:OSK) is pleased to announce that, further to the "bought deal" private placement announced on October 29, 2007, the syndicate of underwriters led by Westwind Partners Inc. (the "Underwriters"), and including National Bank Financial Inc., RBC Capital Markets, BMO Capital Markets, Paradigm Capital Inc. and Pacific International Securities Inc., exercised their option to purchase an additional 7,700,000 special warrants at the issue price for additional gross proceeds of C$50,050,000.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.


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

 

[greenhorn]

Nov 14, 2007 09:00 ET
Tyler Drills New High Grade Discovery in Mexico, Including 12.6 Meters Grading 8.4% Zinc
CALGARY, ALBERTA--(Marketwire - Nov. 14, 2007) - Tyler Resources Inc. (TSX VENTURE:TYS) ("Tyler" or the "Company") today announced initial drill results from the Cerro Prieto area, a new, near-surface high-grade polymetallic discovery approximately 5 kilometres away from the Main Zone at Tyler's 100% owned Bahuerachi project, Mexico.

Jean-Pierre Jutras, President, CEO and a director of Tyler, said, "This new discovery supports Tyler's long-held view that strong potential exists to expand the resource base and discover additional mineral deposits in this previously unexplored district. Today's announcement underscores our position that the hostile bid for Tyler by Mercator Minerals Ltd. significantly undervalues Tyler. Shareholders should reject Mercator's attempt to acquire Tyler as the full value of the Bahuerachi project will grow with success as we advance closer to feasibility, development and production and continue testing the district."

Tyler completed seven reverse-circulation ("RC") drill holes to test strongly mineralized outcrops exposed at surface during mechanized trenching earlier in the year. All of the holes are in the Cerro Prieto area but only two are called Cerro Prieto holes. The other five, called Silica Hill holes, are 350 metres from the Cerro Prieto holes along a continuous limestone/marble band. General locations of drill holes are shown on the attached property plan map. (http://www.ccnmatthews.com/docs/1114tys.pdf)

The Company is now planning a 20 to 30 hole follow-up drill program for Cerro Prieto, to expand the new discovery and begin delineating a new high-grade near-surface resource base. Tyler expects this program to begin in early 2008, as soon as the required ongoing geotechnical, metallurgical and resource expansion drilling programs can be completed on the Main Zone.

This initial drilling at Cerro Prieto confirms that district scale targets can deliver substantial discoveries in the form of near-surface, high grade mineralized zones with excellent size and expansion potential. Based on the outcome of further drilling, these targets may provide potential mill feed to a Main Zone milling complex as outlined in the November 2007 Scoping Study, or as additional stand-alone deposits.

Significant intervals from the initial testing program include:




----------------------------------------------------------------------------Hole From To Interval Zinc Silver Copper Lead Commentsnumber (m) (m) (m) % g/t % %----------------------------------------------------------------------------SilicaHill----------------------------------------------------------------------------RC-90 0 6.08 6.08 5.48 5.95 0.24 0.19 Lst/skarn----------------------------------------------------------------------------And 18.24 28.88 10.64 3.81 3.74 0.08 Trace Lst/skarn----------------------------------------------------------------------------Within 0 28.88 28.88 2.80 3.27 trace Trace Lst/skarn----------------------------------------------------------------------------and 79.04 82.08 3.04 2.03 3.76 trace 0.14 Lst/skarn----------------------------------------------------------------------------and 115.22 127.68 12.16 8.42 6.21 trace 0.26 Lost recovery with last sample grading 7.15% Zn. No recovery from 127.68 meters to 153.52 meters. Skarn. This target was a drilling discovery and did not outcrop at surface.----------------------------------------------------------------------------Within 104.88 127.68 22.8 5.15 4.92 trace 0.25 Lst/skarn----------------------------------------------------------------------------
----------------------------------------------------------------------------RC-91 16.72 25.84 9.12 1.55 2.17 0.12 trace No recovery 25.84 to 39.52 meters----------------------------------------------------------------------------and 41.04 47.12 6.08 1.92 1.76 trace trace Skarn----------------------------------------------------------------------------SilicaHill----------------------------------------------------------------------------RC-92 0 4.56 4.56 2.20 6.77 trace 0.13 Skarn----------------------------------------------------------------------------
----------------------------------------------------------------------------RC-95 0 4.56 4.56 0.97 0.77 trace Trace Sediments----------------------------------------------------------------------------
----------------------------------------------------------------------------RC-96(1) 0 25.84 21.28 3.02 5.69 0.12 0.17 Skarn (1)----------------------------------------------------------------------------Cerro 350 meters north ofPrieto Silica Hill----------------------------------------------------------------------------RC-93 9.12 25.84 16.72 0.98 3.25 0.13 0.40 Skarn----------------------------------------------------------------------------within 6.08 47.12 41.04 0.91 4.00 trace 0.27 Skarn----------------------------------------------------------------------------
----------------------------------------------------------------------------RC-94 0 4.56 4.56 4.77 9.23 0.46 Trace Skarn----------------------------------------------------------------------------and 18.24 24.32 6.08 4.27 6.2 0.21 0.62 Skarn----------------------------------------------------------------------------within 0 30.4 30.4 2.38 5.79 0.17 0.31 Skarn/Marble----------------------------------------------------------------------------- Excludes 4.56 metes of no recovery- (1) As per the current understanding of the mineralized zone, all drill holes are expected to represent 70-90% true widths except RC-94 where true width is expected to be around 60% of the intervals.



The drilling confirms that mineralization in the Cerro Prieto area occurs over a widespread area at the base of extensive limestone/marble units, and in close proximity to a large, coarse grained series of intrusive bodies. Tyler's interpretation is that the marble/limestone unit that is mineralized at Cerro Prieto is the same unit which hosts high-grade skarns at the Main Zone.

Tyler is now conducting additional surface mapping and sampling at Cerro Prieto to better define the distribution of the limestones and marbles within a roughly 2 kilometre by 1 kilometre area to outline the extent of the target units for the upcoming follow-up drill program. Of note is the strong potential to discover additional mineralization below surface in this area, such as the 12.6 metres grading 8.5% Zinc in RC-90 which did not correspond to a known surface outcrop and represents a blind mineralized skarn.

Tyler notes that due to the highly fractured and altered nature of the mineralized zones, and the use of reverse circulation drilling, there are numerous areas within the skarn and mineralized rocks in which sufficient sample could not be recovered to create a representative sample for assay. These intervals of poor-to-no-recovery are noted in the table above, and indicate clear potential for wider zones of mineralization to be delineated by core drilling. In the Main Zone core drilling has a much better track record for recovering mineralized skarn zones than RC drilling, and the Company expects that there is room to increase both recoveries and overall width of the mineralized zones at the Cerro Prieto targets with the use of core rigs. The follow up drill program being planned for Cerro Prieto will consist of core drilling.

Reject the hostile Mercator bid for Tyler

Tyler's Board of Directors, based on the advice and recommendations of its Special Committee of independent directors, continues to unanimously recommend that Tyler shareholders REJECT the Mercator unsolicited takeover bid and NOT tender their shares to the offer.

About Tyler Resources Inc.

Tyler Resources Inc. is a well-funded Canadian junior exploration company focused on base and precious metals exploration in Mexico. Tyler's primary project is the Bahuerachi property, which hosts Mexico's fourth largest mineralized porphyry deposit. As part of its ongoing drill program, the Company has now drilled in excess of 52,000 meters of combined diamond and reverse circulation drilling since 2004, making it one of the most active Canadian junior exploration companies operating in Mexico. For more information, visit www.tylerresources.com.

All assay work was performed by ICP at ALS-Chemex labs of Vancouver, with gold done using standard fire assay methods. All samples sent to the lab are sealed with security tags for delivery to ALS-Chemex. Duplicate samples as well as standards and blanks are inserted in each batch of samples delivered to the laboratory and then checked to ensure proper quality assurance and quality control (QA/QC).

The Qualified Person responsible for the design and implementation of the Field Program as well as the preparation of this news release was J. P. Jutras, P.Geol., President and CEO of the Company. The work program is being carried out with the participation of Dr. Shane William Ebert, Ph.D, P.Geo, Vice President and Director, Grant Couture, M.Sc Geology, Paul Turnbull, B.Sc, P.Geol, Cornell McDowell, B.Sc Geology and Charla Boyer, B.Sc Geology, consultants to the Company.

Cautionary language: Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates", "will" and similar expressions, are forward-looking information that represents management of Tyler's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Tyler. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Tyler's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Tyler's filings with the Canadian securities authorities. Accordingly, holders of Tyler shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Tyler disclaims any responsibility to update these forward-looking statements.


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

 

[greenhorn]

hatte die nich Ollhino mal angesprochen?

Nov 14, 2007 09:19 ET
Silver Eagle Mines Developing and Stockpiling +500 g/t Ag Eq(1) Vein Material
TORONTO, ONTARIO--(Marketwire - Nov. 14, 2007) - Silver Eagle Mines Inc. (TSX:SEG) ("Silver Eagle" or the "Company") is pleased to report on the progress at its Miguel Auza Mine in Zacatecas, Mexico. As at October 31, 1,156 tonnes of bulk concentrate has been produced by treating material that has been recovered from the oxide vein material mined from the upper levels of the mine as part of our bulk sample/test mining program. This concentrate has been treated and sold pursuant to our sales agreement with the Penoles smelter in Torreon, resulting in net revenue in excess of US$900,000. Advancement of the ramp has now accessed the Calvario Vein System at depths to 140 vertical metres below surface, well below the water table. In this area of the mine, the veins are comprised entirely of silver, lead and zinc sulphides, with minor gold values. Development of the veins and ramps to depth is ongoing, with mined material, which is now entirely sulphide material being stockpiled on surface awaiting processing through the mill once it has been converted to a sulphide circuit. This change over, which will allow the production of both lead and zinc concentrates, is scheduled to be completed early in the New Year.

Development of the sulphide veins, as part of our ongoing test mining, has resulted in a surface stockpile of 11,500 tonnes of material averaging 0.40 g/t Au, 304 g/t Ag, 2.22% Pb and 2.77% Zn, for a silver equivalent grade of 527 g/t(1).

Mining crews are continuing to advance development on three underground levels on the main Calvario A vein: levels 117, 126, 136; the Calvario C vein on level 140 and have just accessed the Calvario B vein from the 117 m level. Where intersected near its western extremity, the Calvario B vein measured 0.3m wide and averaged 0.39 g/t Au, 255 g/t Ag, 4.98% Pb and 4.63% Zn. The vein continues for at least 300 m to the east. The nearest drill hole, 2007-116, located 60 metres further east in the Calvario B vein at the same 117 metre level , intersected the vein over a true width of 6.6 m. Both the Calvario B and C veins are parallel to the main Calvario A vein and separated from it by 25 and 50 metres, respectively.




The following table shows the in-situ channel sample assay results achievedover 406 metres of sulphide vein development to date:
-------------------------------------------------------------------------- Ag Drift Ave. Au Ag Pb Zn Eq.(1)Vein Level length Width g/t g/t % % g/t--------------------------------------------------------------------------Calvario A 117W 78.6 1.43 0.58 354 6.43 3.56 770Calvario A 117E 125.8 1.47 0.51 353 2.05 2.31 552Calvario A 117E 37.9 0.79 0.22 111 2.16 2.17 297Calvario A 123W 21.3 1.33 0.27 189 1.37 1.41 313Calvario A 126E 66.3 1.34 0.85 580 3.33 5.42 982Calvario A 136E 21 1.35 0.35 321 4.32 4.40 692Calvario C 140E 55 0.83 0.33 305 5.59 5.86 789--------------------------------------------------------------------------All veins, all levels 406m 1.28m 0.53 363 3.62 3.48 674--------------------------------------------------------------------------



(1). Silver equivalents were calculated using US$600/oz Au; US$11.00/oz Ag; US$0.65/lb Pb; US$1.00/lb Zn. Based on the above metal prices, plant recoveries and smelter terms.

(2). Dr. C. Hodgson, P.Eng., is the Qualified Person (as defined in National Instrument 43-101) who, unless otherwise indicated, supervised the preparation of the scientific and technical information reflected in this press release. Preparation of the above reported assay samples was carried out by the Company's onsite laboratory with systematic check assays performed by ALS Laboratories Ltd. at their facility in Guanajuato, Mexico, and at their laboratory in North Vancouver, British Columbia.

The Company has recently retained Golder Associates Ltd. to develop the Miguel Auza Mine's future Tailings Management Plans. The Golder team will be led by Mr. Irwin Wislesky, P.Eng., a principal of and tailings management expert with Golder.

Silver Eagle Mines Inc., will also be attending The Hard Assets Investment Conference being held at the San Francisco Marriot, 55 Fourth Street, San Francisco, CA, on November 18 and 19, 2007. Please visit us at booth #720.

 

[gerf]

hatte die nich Ollhino mal angesprochen?

Nov 14, 2007 09:19 ET
Silver Eagle Mines Developing and Stockpiling +500 g/t Ag Eq(1) Vein Material
TORONTO, ONTARIO--(Marketwire - Nov. 14, 2007) - Silver Eagle Mines Inc. (TSX:SEG) ("Silver Eagle" or the "Company") is pleased to report on the progress at its Miguel Auza Mine in Zacatecas, Mexico. As at October 31, 1,156 tonnes of bulk concentrate has been produced by treating material that has been recovered from the oxide vein material mined from the upper levels of the mine as part of our bulk sample/test mining program. This concentrate has been treated and sold pursuant to our sales agreement with the Penoles smelter in Torreon, resulting in net revenue in excess of US$900,000. Advancement of the ramp has now accessed the Calvario Vein System at depths to 140 vertical metres below surface, well below the water table. In this area of the mine, the veins are comprised entirely of silver, lead and zinc sulphides, with minor gold values. Development of the veins and ramps to depth is ongoing, with mined material, which is now entirely sulphide material being stockpiled on surface awaiting processing through the mill once it has been converted to a sulphide circuit. This change over, which will allow the production of both lead and zinc concentrates, is scheduled to be completed early in the New Year.

Development of the sulphide veins, as part of our ongoing test mining, has resulted in a surface stockpile of 11,500 tonnes of material averaging 0.40 g/t Au, 304 g/t Ag, 2.22% Pb and 2.77% Zn, for a silver equivalent grade of 527 g/t(1).

Mining crews are continuing to advance development on three underground levels on the main Calvario A vein: levels 117, 126, 136; the Calvario C vein on level 140 and have just accessed the Calvario B vein from the 117 m level. Where intersected near its western extremity, the Calvario B vein measured 0.3m wide and averaged 0.39 g/t Au, 255 g/t Ag, 4.98% Pb and 4.63% Zn. The vein continues for at least 300 m to the east. The nearest drill hole, 2007-116, located 60 metres further east in the Calvario B vein at the same 117 metre level , intersected the vein over a true width of 6.6 m. Both the Calvario B and C veins are parallel to the main Calvario A vein and separated from it by 25 and 50 metres, respectively.




The following table shows the in-situ channel sample assay results achievedover 406 metres of sulphide vein development to date:
-------------------------------------------------------------------------- Ag Drift Ave. Au Ag Pb Zn Eq.(1)Vein Level length Width g/t g/t % % g/t--------------------------------------------------------------------------Calvario A 117W 78.6 1.43 0.58 354 6.43 3.56 770Calvario A 117E 125.8 1.47 0.51 353 2.05 2.31 552Calvario A 117E 37.9 0.79 0.22 111 2.16 2.17 297Calvario A 123W 21.3 1.33 0.27 189 1.37 1.41 313Calvario A 126E 66.3 1.34 0.85 580 3.33 5.42 982Calvario A 136E 21 1.35 0.35 321 4.32 4.40 692Calvario C 140E 55 0.83 0.33 305 5.59 5.86 789--------------------------------------------------------------------------All veins, all levels 406m 1.28m 0.53 363 3.62 3.48 674--------------------------------------------------------------------------



(1). Silver equivalents were calculated using US$600/oz Au; US$11.00/oz Ag; US$0.65/lb Pb; US$1.00/lb Zn. Based on the above metal prices, plant recoveries and smelter terms.

(2). Dr. C. Hodgson, P.Eng., is the Qualified Person (as defined in National Instrument 43-101) who, unless otherwise indicated, supervised the preparation of the scientific and technical information reflected in this press release. Preparation of the above reported assay samples was carried out by the Company's onsite laboratory with systematic check assays performed by ALS Laboratories Ltd. at their facility in Guanajuato, Mexico, and at their laboratory in North Vancouver, British Columbia.

The Company has recently retained Golder Associates Ltd. to develop the Miguel Auza Mine's future Tailings Management Plans. The Golder team will be led by Mr. Irwin Wislesky, P.Eng., a principal of and tailings management expert with Golder.

Silver Eagle Mines Inc., will also be attending The Hard Assets Investment Conference being held at the San Francisco Marriot, 55 Fourth Street, San Francisco, CA, on November 18 and 19, 2007. Please visit us at booth #720.

Nein, ich war das ... ist ein Depot-Wert von mir!

 

[Fischlaender]

 

[greenhorn]

Sorry gerf!
so, noch was:
Nov 14, 2007 09:30 ET
Millstream Outlines Geophysical Results and Future Plans at Potter Property
TORONTO, ONTARIO--(Marketwire - Nov. 14, 2007) - Millstream Mines Ltd. (TSX VENTURE:MLM)(FRANKFURT:NJD) is pleased to report that its downhole geophysical Electrical Continuity (E.C.) survey conducted in selected drill holes at its Potter Property has been completed. The report interpreting the results establishes that certain massive sulphide intervals from hole to hole are connected while others are not. A follow-up downhole geophysical E.M. survey will be conducted and it is anticipated that this in conjunction with the E.C. survey will help to identify further drill targets and assist in the preparation of a resource estimate as per NI 43-101.

Also of importance, the Company has initiated the investigation of obtaining a permit for advanced exploration consisting of dewatering the shaft and mine workings in order to allow for underground access. This will enable the Company to conduct diamond drilling to further define and delineate the previously known and newly discovered mineralized zones both horizontally along strike and vertically to depth. Previously drilled holes in 1999 established that the mineralized structure continues to depth below 914.35 metres or 3000 ft. (see DDH S99-01A in PR June 14, 2007).

Millstream's drilling program continues to expand the "stacked" mineralized massive sulphide zones located at the Potter Property. Assays on several holes drilled remain pending. The past producing property is found in the highly prolific Abitibi Greenstone Belt in the Kidd-Munro Assemblage near the town of Matheson in north eastern Ontario, Canada. The Potter volcanogenic massive sulphide (VMS) type deposit is located midway between the Kidd Creek VMS deposit and the historic Horne VMS deposit with their respective smelter complexes.

Dave Gamble, P.Geo. and Edward Bettiol, P. Eng, both consultants of Millstream, are the Qualified Persons as described in National Instrument 43-101 for the Potter Mine Project. They have reviewed this report and press release with company management.

 

[dukezero]

Pelangio nimmt auch wieder Fahrt auf!!

 

[greenhorn]

haste Tyler gesehen - nich schlecht die ersten Minuten 150k Umsatz

Pelangio nimmt auch wieder Fahrt auf!!

 

[dukezero]

 

[dukezero]

Die habe ich auch auf dem Pick nach gutem Verkauf!

haste Tyler gesehen - nich schlecht die ersten Minuten 150k Umsatz

Pelangio nimmt auch wieder Fahrt auf!!

 

[gerf]

Sorry gerf!

Kein Thema

Ich finde diese News ja wieder einmal hervorragen - nur der Chart (weiter unten) zeigt ja, dass leider nur die fundamentale Entwicklung stimmt, der Kurs allerdings total underperformed!

Ich bin aber nach wie vor davon überzeugt, dass sich dieses "Gap" bald schließen wird!

 

[gerf]

Sorry gerf!

Kein Thema

Ich finde diese News ja wieder einmal hervorragen - nur der Chart (weiter unten) zeigt ja, dass leider nur die fundamentale Entwicklung stimmt, der Kurs allerdings total underperformed!

Ich bin aber nach wie vor davon überzeugt, dass sich dieses "Gap" bald schließen wird!

Wie ich finde, eine hochinteressante Analyse zu Silver Eagle Mines aus dem Stockhouse:

The latest 43-101 dropped the average grade to about 10 oz / tonne silver equivalent:

http://silvereaglemines.com/pdf/p_release/2007_10_17.pdf

The former 43-101 indicated was 17 oz / ton:

http://silvereaglemines.com/pdf/presentation/corppresweb.pdf

10 oz per tonne is only about 1/5 oz gold equivalent per tonne. And this 10 oz is over 50% base metals. Base metal projects only get roughly 70% total (mill + smelter) recovery, especially lower grade ones. Whereas pure gold & silver projects then to get 85 - 95% total (mill + smelter) recovery.

If you look around, the better companies are doing between 1/3 to 1/2 oz per ton gold equivalent. I am not interested in investing in a primarily base metals company with a small mill economies-of-scale. These things just don't work out well.

However, the financial position of SEG is very favorable. The warrants & options are worth nearly double the current share price, and company has about C$20 million in cash. So if we subtract cash and future warrants cash from the FD mcap, we get an effective mcap of some where around C$20 - C$25 million. That is ridiculously cheap for what they can produce with the existing 150 - 200 TPD capability. Figure 50,000 tons per annum at 10 oz per ton AgEq, so 0.5 million oz AgEq per year. That is $150 per tonne in value, figure a $50 per tonne operating cost, and 70% net total recovery, so $70 per tonne in net revenue. So $3.5 million in revenue. So it is trading now at about 6 to 7 forward P/E. A silver miner should get about 10 - 15 P/E at least, so this looks like a clear double as the production and feasibility becomes clear.

However, the problems is they are not primarily silver miner. They are primarily a base metals miner for now. And base metals miners, especially small ones with low production, small mcap, and low grade and economies of scale, do not get very high P/E ratios.

The big unknown factor, and what attracted me to take a small position in SEG at this low price, is the 3.8 million inferred silver oz in the North section at a 21 oz per tonne grade! I do not know how narrow that vein widths are? So I do not know what will be the mining dilution, operating costs, and thus economics. But assuming they could continue to prove up significant amounts of that higher-grade ore, and effectively mix that into their mill to achieve better economics, then we could be looking at higher cash flow and high P/E target and thus a higher share price.

I have tried to get in contract with:

Terrence H. Byberg, President & CEO
tbyberg@silvereaglemines.com
(416) 361-1101

And he has not returned my call. Can anyone relay this analysis to him and get his reaction? I am trying to decide whether to take a larger position in this company or sell my recent purchase.

I am the author of Miningpedia.com, and I am trying to get a handle on the economics of SEG.TO, so I can see where it might rank in the forward annual production comparison columns.

 

[dukezero]

Sorry gerf!

Kein Thema

Ich finde diese News ja wieder einmal hervorragen - nur der Chart (weiter unten) zeigt ja, dass leider nur die fundamentale Entwicklung stimmt, der Kurs allerdings total underperformed!

Ich bin aber nach wie vor davon überzeugt, dass sich dieses "Gap" bald schließen wird!

Silver eagle hatte schon mehrere gute News. Die kommt ans laufen!!!

 

[dukezero]

14.11.2007 18:14
IRW-News: First Majestic Silver

IRW-PRESS: First Majestic Silver: First Majestic Silver Corp.: Update zum Silberprojekt Cuitaboca

First Majestic Silver Corp.: Update zum Silberprojekt Cuitaboca

FIRST MAJESTIC SILVER CORP. (FR-V) (das Unternehmen) meldet, dass die erste Explorationsphase für das Silberprojekt Cuitaboca des Unternehmens ein System mit mindestens sechs bekannten, parallel verlaufenden Erzgängen definiert habe, die reich an Silber, Blei und Zink sind.

Der Distrikt mit dem Silberprojekt Cuitaboca liegt im mexikanischen Bundesstaat Sinaloa am Westrand der metallreichen Provinz Sierra Madre Occidental, einem ausgedehnten geologischen Gebiet, in dem viele der besten bekannten Fördergebiete für Gold, Silber und Basismetalle liegen, beispielsweise San Jose de Gracia, Alamos, Guanacevi, Tayoltita, Bacís, La Cienega, Pinos Altos und andere.

Das Projekt Cuitaboca wurde von First Silver Reserve Inc. im vergangenen Jahr zusammen mit der Silbermine San Martin übernommen und umfasst eine Fläche von 5.134 Hektar mit mindestens sechs gut bekannten Erzgängen einer Sulfidmineralisierung mit hohem Silbergehalt. Die Erzgänge auf dem Projektgelände sind unter den Namen La Lupita, Los Sapos, Chapotal, Colateral-Jesus Maria, Mojardina und Santa Eduwiges bekannt.

Während der ersten beiden Quartale dieses Jahres wurden insgesamt 26 km Straße neu gebaut, um das Projekt besser zu erschließen, sodass jetzt zwei der Erzgänge in dem System (Colateral Jesus Maria und Mojardina) erreichbar sind. Um Zugang zu dem Erzgang Colateral zu erhalten, wurden ein Geländeschnitt von 100 m und bisher 110 Meter Stollen entlang des Erzgangs angelegt. Die im Folgenden angegebenen Ergebnisse stammen von Proben, die im Abstand von drei Metern entlang des Erzgangs Colateral entnommen wurden, in dem auf einer Länge von 110 Metern im Schnitt 425 g/t Silber, 0,42 g/t Gold, 1,65 % Blei und 2,15 % Zink festgestellt wurden.

-------------------------------------------------------------------- ------ Linie Mächtig- keit Au Ag Ag Pb Pb Zn Zn Ag Nummer Meter g/t g/t Unzen % lb/t % lb/t Äqu. Unzen(i) -------------------------------------------------------------------- ------ Linie 1 NW 2,30 0,12 251 8,07 0,85 18,76 4,98 109,46 19,30 -------------------------------------------------------------------- ------ Linie 2 NW 1,60 0,18 464 14,92 1,64 36,02 1,78 39,25 22,45 -------------------------------------------------------------------- ------ Linie 3 NW 1,50 0,24 480 15,44 0,74 16,33 1,44 31,68 20,26 -------------------------------------------------------------------- ------ Linie 4 NW 1,10 0,29 169 5,45 1,08 23,72 1,54 33,80 11,35 -------------------------------------------------------------------- ------ Linie 5 NW 1,15 0,20 870 27,98 4,05 89,07 3,82 84,06 45,12 -------------------------------------------------------------------- ------ Linie 6 NW 0,50 1,47 202 6,50 0,53 11,59 0,78 17,20 11,75 -------------------------------------------------------------------- ------ Linie 7 NW 1,10 1,38 1.359 43,69 6,76 148,70 3,68 81,04 69,29 -------------------------------------------------------------------- ------ Linie 8 NW 1,50 1,41 1.240 39,87 3,55 78,11 4,03 88,72 58,28 -------------------------------------------------------------------- ------ Linie 9 NW 2,10 1,28 395 12,70 2,56 56,33 2,93 64,49 26,47 -------------------------------------------------------------------- ------ Linie 10 NW 2,30 0,93 741 23,82 5,30 116,59 3,03 66,73 43,89 -------------------------------------------------------------------- ------ Linie 11 NW 1,35 1,49 756 24,30 1,66 36,55 2,05 45,17 34,65 -------------------------------------------------------------------- ------

Linie 12 NW 1,70 0,25 77 2,49 1,06 23,42 0,79 17,40 6,96 -------------------------------------------------------------------- ------ Linie 13 NW 1,60 0,68 291 9,35 3,34 73,52 1,84 40,37 22,02 -------------------------------------------------------------------- ------ Linie 1 SE 2,00 0,05 216 6,95 0,75 16,60 1,10 24,20 10,85 -------------------------------------------------------------------- ------ Linie 2 SE 2,00 0,08 722 23,22 0,84 18,51 2,13 46,86 29,23 -------------------------------------------------------------------- ------ Linie 3 SE 1,70 0,05 652 20,96 0,83 18,34 2,25 49,50 27,14 -------------------------------------------------------------------- ------ Linie 4 SE 1,50 0,18 718 23,09 1,05 23,10 1,28 28,16 28,27 -------------------------------------------------------------------- ------ Linie 5 SE 1,70 0,51 823 26,46 0,80 17,69 2,08 45,82 33,05 -------------------------------------------------------------------- ------ Linie 6 SE 1,80 1,01 637 20,48 1,50 33,11 3,39 74,56 32,00 -------------------------------------------------------------------- ------ Linie 7 SE 2,20 0,39 413 13,28 0,55 12,06 1,08 23,80 17,24 -------------------------------------------------------------------- ------ Linie 8 SE 1,50 0,41 677 21,77 1,84 40,48 3,98 87,56 34,13 -------------------------------------------------------------------- ------ Linie 9 SE 1,50 0,27 53 1,70 0,65 14,32 0,39 8,67 4,49 -------------------------------------------------------------------- ------ Linie 10 SE 1,20 0,12 37 1,19 0,59 13,04 0,42 9,24 3,60 -------------------------------------------------------------------- ------ Linie 11 SE 1,00 0,04 276 8,87 0,38 8,46 0,64 14,05 11,04 -------------------------------------------------------------------- ------ Linie 12 SE 1,00 0,01 2 0,06 0,04 0,94 0,08 1,79 0,32 -------------------------------------------------------------------- ------ Linie 13 SE 0,70 0,01 6 0,18 0,09 1,91 0,15 3,29 0,67 -------------------------------------------------------------------- ------ Linie 14 SE 1,00 0,01 20 0,64 0,07 1,56 0,12 2,64 1,04 -------------------------------------------------------------------- ------ Linie 15 SE 1,15 0,01 3 0,10 0,03 0,67 0,04 0,85 0,26 -------------------------------------------------------------------- ------ Linie 16 SE 0,60 0,01 4 0,14 0,07 1,45 0,18 4,05 0,64 -------------------------------------------------------------------- ------ Linie 17 SE 0,50 0,04 12 0,37 0,17 3,78 0,45 9,90 1,67 -------------------------------------------------------------------- ------ Linie 18 SE 1,05 0,03 9 0,29 0,20 4,49 0,30 6,66 1,39 -------------------------------------------------------------------- ------ Linie 19 SE 1,70 0,08 72 2,33 2,72 59,77 6,05 133,05 19,98 -------------------------------------------------------------------- ------ Linie 20 SE 1,40 0,01 29 0,93 3,39 74,55 3,18 70,04 14,97 -------------------------------------------------------------------- ------ Mittelwert über 110 m 1,42 0,42 425 13,66 1,65 36,39 2,15 47,23 22,31 -------------------------------------------------------------------- ------ *Kitco, 6. November 2007, Metallpreise (Au: 821,50 USD/Unzen, Ag: 15,22 USD/Unzen, Pb: 1,70 USD/lb, Zn: 1,24 USD/lb. Die Nettoförderabgabe und die Ausbeute wurden nicht berücksichtigt.)

Zu den herausragenden Ergebnissen der ersten 40 Meter an der Nordwestseite des Stollens gehört ein definierter Block mit einem mittleren Silbergehalt von 547 g/t, einem Goldgehalt von 0,72 g/t, 2,60 % Blei und 2,69 % Zink.

-------------------------------------------------------------------- ------ Linie Mächtig- keit Au Ag Ag Pb Pb Zn Zn (i)Ag Nummer Meter g/t g/t Unzen % lb/t % lb/t Äqu. Unzen -------------------------------------------------------------------- ------ Linie 1 NW 2,30 0,12 251 8,07 0,85 18,76 4,98 109,46 19,30 -------------------------------------------------------------------- ------ Linie 2 NW 1,60 0,18 464 14,92 1,64 36,02 1,78 39,25 22,45 -------------------------------------------------------------------- ------ Linie 3 NW 1,50 0,24 480 15,44 0,74 16,33 1,44 31,68 20,26 -------------------------------------------------------------------- ------ Linie 4 NW 1,10 0,29 169 5,45 1,08 23,72 1,54 33,80 11,35 -------------------------------------------------------------------- ------ Linie 5 NW 1,15 0,20 870 27,98 4,05 89,07 3,82 84,06 45,12 -------------------------------------------------------------------- ------ Linie 6 NW 0,50 1,47 202 6,50 0,53 11,59 0,78 17,20 11,75 -------------------------------------------------------------------- ------ Linie 7 NW 1,10 1,38 1.359 43,69 6,76 148,70 3,68 81,04 69,29 -------------------------------------------------------------------- ------ Linie 8 NW 1,50 1,41 1.240 39,87 3,55 78,11 4,03 88,72 58,28 -------------------------------------------------------------------- ------ Linie 9 NW 2,10 1,28 395 12,70 2,56 56,33 2,93 64,49 26,47 -------------------------------------------------------------------- ------ Linie 10 NW 2,30 0,93 741 23,82 5,30 116,59 3,03 66,73 43,89 -------------------------------------------------------------------- ------ Linie 11 NW 1,35 1,49 756 24,30 1,66 36,55 2,05 45,17 34,65 -------------------------------------------------------------------- ------ Linie 12 NW 1,70 0,25 77 2,49 1,06 23,42 0,79 17,40 6,96 -------------------------------------------------------------------- ------ Linie 13 NW 1,60 0,68 291 9,35 3,34 73,52 1,84 40,37 22,02 -------------------------------------------------------------------- ------ Mittelwert 1,52 0,72 547 17,59 2,60 57,25 2,69 59,13 30,05 über 40 m -------------------------------------------------------------------- ------ -------------------------------------------------------------------- ------ *Kitco, 6. November 2007, Metallpreise (Au: 821,50 USD/Unze, Ag: 15,22 USD/Unze, Pb: 1,70 USD/lb, Zn: 1,24 USD/lb. Ausbeute und Nettoförderabgabe nicht berücksichtigt).

Zu den herausragenden Ergebnissen der ersten 33 Meter auf der Südostseite des Stollens gehört ein definierter Block mit einem mittleren Silbergehalt von 493 g/t, einem Goldgehalt von 0,29 g/t, 0,90 % Blei und 1,76 % Zink.

-------------------------------------------------------------------- ---- Linie Mächtig- keit Au Ag Ag Pb Pb Zn Zn (i)Ag Nummer Meter g/t g/t Unzen % lb/t % lb/t Äqu. Unzen -------------------------------------------------------------------- ---- Linie 1 SE 2,00 0,05 216 6,95 0,75 16,60 1,10 24,20 10,85 -------------------------------------------------------------------- ---- Linie 2 SE 2,00 0,08 722 23,22 0,84 18,51 2,13 46,86 29,23 -------------------------------------------------------------------- ---- Linie 3 SE 1,70 0,05 652 20,96 0,83 18,34 2,25 49,50 27,14 -------------------------------------------------------------------- ---- Linie 4 SE 1,50 0,18 718 23,09 1,05 23,10 1,28 28,16 28,27 -------------------------------------------------------------------- ---- Linie 5 SE 1,70 0,51 823 26,46 0,80 17,69 2,08 45,82 33,05 -------------------------------------------------------------------- ---- Linie 6 SE 1,80 1,01 637 20,48 1,50 33,11 3,39 74,56 32,00 -------------------------------------------------------------------- ---- Linie 7 SE 2,20 0,39 413 13,28 0,55 12,06 1,08 23,80 17,24 -------------------------------------------------------------------- ---- Linie 8 SE 1,50 0,41 677 21,77 1,84 40,48 3,98 87,56 34,13 -------------------------------------------------------------------- ---- Linie 9 SE 1,50 0,27 53 1,70 0,65 14,32 0,39 8,67 4,49 -------------------------------------------------------------------- ---- Linie 10 SE 1,20 0,12 37 1,19 0,59 13,04 0,42 9,24 3,60 -------------------------------------------------------------------- ---- Linie 11 SE 1,00 0,04 276 8,87 0,38 8,46 0,64 14,05 11,04 -------------------------------------------------------------------- ---- Mittelwert 1,65 0,29 493 15,86 0,90 19,81 1,76 38,81 21,75 über 33 m -------------------------------------------------------------------- ---- *Kitco, 6. November 2007, Metallpreise (Au: 821,50 USD/Unzen, Ag: 15,22 USD/Unzen, Pb: 1,70 USD/lb, Zn: 1,24 USD/lb. Ausbeute und Nettoförderabgabe nicht berücksichtigt).

Aufgrund der erfolgreichen Erschließung des Erzgangs Colateral, der sowohl in der Tiefe als auch entlang der Streichlänge offen ist, will das Unternehmen das aktuelle Explorationsprogramm weiterführen und die Bemühungen zur Erschließung und Exploration intensivieren; dazu sollen entlang des Erzgangs 2000 m Stollen angelegt und ein Diamantbohrprogramm sowohl für den Erzgang Colateral als auch für Mojardina begonnen werden. Der Straßenbau wird fortgesetzt, um auch Zugang zu den Erzgängen La Lupita, Los Sapos, Chapotal und Santa Eduwiges zu erhalten, an denen weitere Explorationsarbeiten durchgeführt werden sollen.

Die Proben wurden an das Vorbereitungslabor Inspectorate im mexikanischen Durango gesendet, dort getrocknet, gebrochen und gemahlen. Inspectorate Mexico sendet die Schlämme dann per Luftfracht an Inspectorate America Corporation in Sparks, Nevada zur Analyse. Die Genauigkeit und Wiederholbarkeit wird mit einem System von Standardproben und Leerproben sichergestellt; die Analysen werden regelmäßig von der Inspectorate America Corporation überprüft.

Baltazar Solano-Rico, M.Sc., President von Behre Dolbear de Mexico, S.A. de C.V. ist der qualifizierte Sachverständige des Unternehmens für das Silberprojekt Cuitaboca entsprechend der nationalen Vorschrift NI 43-101 und hat den Inhalt dieser Pressemitteilung geprüft.

First Majestic ist ein Silberproduzent, der sich auf Mexiko konzentriert und seine Businesspläne aggressiv umsetzt. Das Unternehmen möchte durch Erschließung seiner eigenen Vorkommen sowie Erwerb weiterer Vorkommen, die zu den Unternehmenszielen passen, zum wichtigsten Silberproduzenten werden.

FÜR ZUSÄTZLICHE INFORMATIONEN schreiben Sie bitte an info@firstmajestic.com; besuchen Sie unsere Website unter www.firstmajestic.com oder setzen Sie sich kostenlos mit uns unter der Rufnummer 1.866.529.2807 telefonisch in Verbindung.

FIRST MAJESTIC RESOURCE CORP.

unterzeichnet

Keith Neumeyer, President & CEO

Diese Presseveröffentlichung beinhaltet gewisse vorhersagende Aussagen in Zusammenhang mit der Auslegung gemäß Abschnitt 21E des modifizierten amerikanischen Wertpapiergesetztes von 1934. Alle hierin beinhalteten Stellungnahmen, außer denen die historische Tatsachen darstellen, wie z.B. Stellungnahmen hinsichtlich potenzieller Mineralisierung und Reserven, Erforschungsergebnisse und zukünftige Pläne und Ziele der First Majestic Resource Corp. (Nachrichten) sind zukunftsorientierte Aussagen, die gewissen Risiken und Unsicherheiten unterliegen. Es gibt keine Garantie, dass diese Angaben richtig sind. Die tatsächlichen Ergebnisse und zukünftige Ereignisse können wesentlich von denen in diesen Angaben in Aussicht gestellten Ergebnissen abweichen.

Die TSX Venture Exchange übernimmt keine Haftung für die Richtigkeit oder Angemessenheit dieser Presseveröffentlichung.

Für die Richtigkeit der Übersetzung wird keine Haftung übernommen! Bitte englische Originalmeldung beachten!

ISIN CA32076V1031

AXC0296 2007-11-14/18:09

 

[dukezero]

November 14, 2007 Trading Symbol: TSX.V – HNC
Hard Creek Nickel Turnagain Project Update
(Vancouver, B.C.) – Mark Jarvis, President and CEO of Hard Creek Nickel Corporation is
pleased to provide an update on its 100% owned Turnagain Project, located 70 km east of
Dease Lake in British Columbia.
Drilling Update
The largest drilling program in the Company’s history has come to an end for 2007. The
camp is winterized and shut down for the season. The four drilling rigs will remain on site
over the winter. I would like to acknowledge the dedication and hard work of our
exploration team led by Tony Hitchins and Chris Baldys in advancing our project to its’
current state.
During the 2007 field season the Company has drilled 75 holes for a total of 24,600 metres
(80,700 feet). This includes the collection of approximately 4,275 kg (9,425 lbs) of PQsized
(2.5 inch diameter) drill core for a variety of crushing, grinding and abrasion
testwork.
The focus of the 2007 drilling program has been to:
• Determine the spatial limits of the Horsetrail deposit with stepout drill holes,
• Upgrade the confidence in the inferred portion of the Horsetrail deposit,
• Collect large diameter drill core samples for further detailed metallurgical testwork,
• Further explore the extent of the PGE mineralization in the DJ and DB areas, and
• Drill test three exploration target areas; the Mandible, Central and the Cliff Areas.
Assay results have been received for only 19 of the 75 complete drill holes. Given the
excellent opportunity for mining in British Columbia and the flurry of drilling activity in
the province the local analytical laboratories are overwhelmed with samples coming in at
record levels (a near 80% increase in sample volumes). As a result they are approximately
12 weeks behind in delivery times. Analytical results from our program will be released as
they become available.
#1060 – 1090 W. Georgia Street Vancouver, BC V6E 3V7 Tel (604) 681-2300 Fax (604) 681-2310
info@hardcreek.com www.hardcreeknickel.com
Metallurgical Testwork
The next phase of testwork will be primarily directed towards refining the parameters
necessary for projecting actual mill performance. This testwork will be directed by John
Hoffert, P.Eng. and carried out by Xstrata Process Support (XPS) in Falconbridge, Ontario
and at SGS in Lakefield Ontario.
The XPS testwork will be developed in two phases. The first phase consists of quantitative
mineralogy, mineral processing flotation testing including QEMSCAN and Microprobe
analyses, one rougher and one cleaner test for mineralogy and metallurgical alignment.
This work will be completed by the end of February 2008.
The second phase of XPS testwork includes locked cycle, open cycle testing followed by
Mini Pilot Plant testing. The Mini Pilot Plant is unique XPS technology (1 such unit in
North America) and is able to operate in continuous mode with roughing, regrinding and
column flotation at a feed rate of only 10 kg/hr.
The SGS testwork will be focused on completing a variety of crushing, grinding and
abrasion testwork. This work will also be completed by the end of February 2008.
Additional hydrometallurgical testwork is also being completed at SGS under the
supervision of Dr. David Dreisinger. More work will follow in 2008.
Updated Resource Estimate and Preliminary Assessment
AMEC Americas Limited of Vancouver, B.C. will audit and update the Turnagain Nickel
Project resource estimate (see news release February 12, 2007) as part of the updated
Preliminary Assessment (PA). This will be done prior to the receipt of all the 2007 drilling
results. It will include all of the drill hole results reported to date; 19 drill holes for a total
of 7,595 metres (24, 918 feet), (see news releases for August 13, 2007 and September 25,
2007). All of these holes are located in the proximity of the previously proposed “starter
pit area” as identified in the previous 2006 PA. The updated PA is expected by the end of
November.
The Turnagain Nickel Project resource has been estimated in early 2007 (see February 12,
2007 News Release for details) with the measured and indicated resource at 428.5 million
tonnes grading 0.23% total nickel (0.17% nickel in sulfide) and 0.011% cobalt and an
additional inferred resource of 742.9 million tonnes grading 0.23% total nickel (0.17%
nickel in sulfide) and 0.011% cobalt. Nickel in sulfide grades are based on ammonium
citrate-hydrogen peroxide leach analyses. Ammonium citrate-hydrogen peroxide leach
analyses for nickel provide a good estimate of nickel grades present in sulfide form and
#1060 – 1090 W. Georgia Street Vancouver, BC V6E 3V7 Tel (604) 681-2300 Fax (604) 681-2310
info@hardcreek.com www.hardcreeknickel.com
display excellent correlation with recoveries in metallurgical testwork. When compared
with conventional analyses for nickel, the ammonium citrate-hydrogen peroxide leach
results range from 60% to 90% of total nickel values. Nickel sulfides are expected to be
recoverable by froth flotation. Mineral resources that are not mineral reserves do not have
demonstrated economic viability.
This news release has been reviewed and approved by Neil Froc, P.Eng., a qualified person consistent with
NI 43-101.
On behalf of the Board of Directors of Hard Creek Nickel Corporation
“MARK JARVIS”
MARK JARVIS, President

 

[greenhorn]

das iss fett!

Nov 15, 2007 08:00 ET
SilverCrest Announces Resource Increase: Indicated Resources at 57.5 Million Ounces, Inferred Resources at 29.9 Million Ounces Silver & Silver Equivalent
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2007) - SilverCrest Mines Inc. (the "Company") (TSX VENTURE:SVL) is pleased to announce the results of an updated silver and gold resource estimation for the Santa Elena project and a new silver resource estimate for its Cruz de Mayo project. Both projects are located in Sonora, Mexico and are easily accessible from Hermosillo, Mexico. The following is a summary of SilverCrest's NI 43-101 compliant silver and gold resources.

SANTA ELENA:

Indicated Resources are now estimated at 7.4 million tonnes grading 1.81 gpt Au and 74.2 gpt Ag and contain 428,700 ounces of gold and 17.6 million ounces of silver based on a 0.5 gpt gold equivalent cut-off grade.

Inferred Resources are estimated at 2.6 million tonnes grading 1.37 gpt Au and 73.06 gpt Ag and contain 114,800 ounces of gold and 6.1 million ounces of silver.

CRUZ DE MAYO:

Indicated Resources are estimated at 1.1 million tonnes grading 64.15.0 gpt Ag and contain 2.3 million ounces of silver based on a 30 gpt silver cut-off grade.

Inferred Resources are estimated at 6.0 million tonnes grading 66.5 gpt Ag, and contain 12.9 million ounces of silver. The gold resource estimate is still pending. The average uncut gold grade is approximately 0.1 gpt Au.

With the addition of these new resources, the Company's total Indicated Silver Equivalent Resources now stand at 57.5 million ounces, representing an increase of 117%, up from 26.4 million ounces. Total Inferred Silver Equivalent Resources now are estimated to be 29.9 million ounces of silver representing an increase of 34.1%, up from 22.3 million ounces. Conversion of gold to silver equivalents is based on a 60:1 silver to gold ratio and assumes 100% metal recovery. Alternatively, if the same conversion ratio is applied to the silver resources then indicated gold and gold equivalents would be 958,200 ounces gold and inferred gold and gold equivalents would be 498,900 ounces.




-----------------------------------------------------------------SilverCrest Silver and Gold Resources----------------------------------------------------------------- Resource Ag AuProperty Category(1) Tonnes gpt gpt Tons-----------------------------------------------------------------Santa Elena(2) Indicated 7,378,300 74.20 1.81 8,133,200 Inferred 2,608,000 73.06 1.37 2,874,800-----------------------------------------------------------------Cruz de Mayo(2) Indicated 1,141,000 64.15 RP 1,257,700 Inferred 6,065,000 66.50 RP 6,685,500-----------------------------------------------------------------El Zapote(2) Indicated 1,925,200 177.70 0.19 2,122,200 Inferred 1,086,400 101.60 0.18 1,197,500-----------------------------------------------------------------
--------------------------------------------------------------------- Contained Contained Contained Silver & Ag Au Silver Gold Silver Equiv.Property opt opt Ounces Ounces Ounces(3)---------------------------------------------------------------------Santa Elena(2) 2.16 0.053 17,600,900 428,700 43,327,100 2.13 0.040 6,125,700 114,800 13,016,700---------------------------------------------------------------------Cruz de Mayo(2) 1.87 RP 2,353,400 RP 2,353,400 1.94 RP 12,967,100 RP 12,967,100---------------------------------------------------------------------El Zapote(2) 5.20 0.006 11,036,000 13,000 11,816,000 3.00 0.005 3,593,000 6,000 3,953,000--------------------------------------------------------------------- Total Indicated Resources 30,990,400 441,700 57,496,500 Total Inferred Resources 22,685,800 120,800 29,936,800---------------------------------------------------------------------
(1) Conforms to NI 43-101, 43101CP and current CIM definitions for resources. All numbers are rounded. Measured resources included in Indicated.(2) Cutoff grade for Santa Elena and El Zapote is 30 gpt Ag equivalent (0.5 gpt Au equivalent). Cutoff for Cruz de Mayo is 30 gpt Ag.(3) Conversion of gold to silver based on 60:1 silver to gold ratio, Assumes 100% metal recovery. This does not include zinc resource at El Zapote. RP equals results pending



J. Scott Drever, President stated; "We have been patiently and methodically building our silver and gold resources and working towards establishing our first mining operation. The Santa Elena project is beginning to reveal its true size potential and Cruz de Mayo is demonstrating the potential to continue to add to our resource base. The significant increase in the Company's resource base that can be attributed to these two properties is another important milestone in the drive to become a major silver asset - based company and significant precious metals producer. Our silver and gold asset base is currently about 60% silver and 40% gold, so whether we are viewed as silver or a gold company, we are truly positioned to win."

SANTA ELENA:

The resource statements for Santa Elena are based on recent and historical information collected by SilverCrest Mines and previous operators between 2002 to present. The most significant components of the data are the compiled results from 40 drill holes (5,852 metres) as well as analyses of 71 surface trenching and underground channel samples. Detailed results for the drilling, surface and underground sampling can be found in numerous press releases filed on SEDAR (sedar.com) or on the Company's web site (silvercrestmines.com).



-----------------------------------------------------------------Santa Elena Silver and Gold Resources ----------------------------------------------------------------- Resource Ag Au Property Category(1) Tonnes gpt gpt Tons-----------------------------------------------------------------Santa Elena(2) Indicated 7,378,300 74.20 1.81 8,133,200 Inferred 2,608,000 73.06 1.37 2,874,800-----------------------------------------------------------------
--------------------------------------------------------------------- Contained Contained Contained Silver & Ag Au Silver Gold Silver Equiv.Property opt opt Ounces Ounces Ounces(3)---------------------------------------------------------------------Santa Elena(2) 2.16 0.053 17,600,900 428,700 43,327,100 2.13 0.040 6,125,700 114,800 13,016,700---------------------------------------------------------------------
(1) Conforms to NI 43-101, 43101CP and current CIM definitions for resources. All numbers are rounded. Measured resources included in Indicated.(2) Cutoff grade for Santa Elena is 30 gpt Ag equivalent (0.5 gpt Au equivalent).(3) Conversion of gold to silver based on 60:1 silver to gold ratio, Assumes 100% metal recovery.



The initial resource estimate for Santa Elena (filed on Sedar October 13, 2006) was completed by N. Eric Fier, CPG, P.Eng and reviewed by C. Stewart Wallis, P.Geo., independent qualified person (QP) from Scott Wilson Roscoe Postle and Associates (Scot Wilson RPA) of Toronto, Ontario. N. Eric Fier will complete a Technical Report including the announced revised resource, adhering to the disclosure requirements of NI 43-101. Mr. Fier is the Chief Operating Officer and QP for the Company. The Technical Report will be filed on SEDAR within 45 days of the date of this release.

The updated Santa Elena resource estimate is based on the following key assumptions; a cutoff of 30 gpt Ag equivalent (0.5 gpt Au equivalent); silver grades exceeding 300 gpt were cut to 300 gpt based on log probability; gold grades exceeding 20 gpt were cut to 20 gpt based on log probability; raw data was composited to statistical relevant lengths of 3 metres; a 10 metre by 10 metre by 5 metre block size was used based on geological constraints and potential future mining method; variography and ordinary kriging was used to create both gold and silver block models; block models were classified into Indicated and Inferred Resources according to appropriate criteria based on sample sets and search radii; parameters used for resource estimation are approximately 35 metres for Indicated Resources and 150 metres for Inferred Resources; a minimum of three sample points were required to interpolate grade; and a specific gravity of 2.67 was used based on test work. These are the criteria used by Scott Wilson RPA for the initial resource estimation. Details of these criteria will be presented in the upcoming Technical Report.

The reported resources for Santa Elena are found within approximately 800 metres of a known strike length of the Main Zone of more that 1200 metres. An on going work program at Santa Elena for further expansion of the current resource with additional drilling is currently underway. Significant potential for resource expansion exists along the eastern strike of the main mineralized zone and the footwall of the main mineralized zone where surface sampling has indicted high grade silver mineralization. Induced Polarization and magnetic geophysical surveys are underway and are expected to detail the Main Zone and its possible extensions as well as identify additional targets with similar geophysical signatures.

A comprehensive pre-feasibility study is nearing completion and it is expected that a production decision for the Santa Elena project will be made before the end of the year. Capital and operating cost estimates are in hand and column percolation leach tests to determine metallurgical recovery of gold and silver are nearing completion. The deposit is potentially amenable to open pit mining and standard heap leach processing.

CRUZ DE MAYO:

The resource statements for Cruz de Mayo are based on recent information collected by SilverCrest Mines in 2006 and 2007. The most significant components of the data are the compiled results from 50 drill holes (5,096.3 metres), the detailed results of which may be found in numerous press releases filed on SEDAR (sedar.com) or on the Company's web site (silvercrestmines.com).



-----------------------------------------------------------------Cruz de Mayo Silver Resources ----------------------------------------------------------------- Resource Ag Au Property Category(1) Tonnes gpt gpt Tons-----------------------------------------------------------------Cruz de Mayo(2) Indicated 1,141,000 64.15 RP 1,257,700 Inferred 6,065,000 66.50 RP 6,685,500-----------------------------------------------------------------
--------------------------------------------------------------------- Contained Contained Contained Silver & Ag Au Silver Gold Silver Equiv.Property opt opt Ounces Ounces Ounces(3)---------------------------------------------------------------------Cruz de Mayo(2) 1.87 RP 2,353,400 RP 2,353,400 1.94 RP 12,967,100 RP 12,967,100---------------------------------------------------------------------
(1) Conforms to NI 43-101, 43101CP and current CIM definitions for resources. All numbers are rounded. Measured resources included in Indicated.(2) Cutoff for Cruz de Mayo is 30gpt Ag. RP equals Results Pending(3) Conversion of gold to silver based on 60:1 silver to gold ratio, Assumes 100% metal recovery.



The resource estimate for Cruz de Mayo was completed N. Eric Fier, CPG, P.Eng and reviewed by C. Stewart Wallis, P.Geo., independent qualified person (QP) from Scott Wilson Roscoe Postle and Associates of Toronto, Ontario. A Technical Report adhering to the disclosure requirements of NI 43-101 will be filed on SEDAR within 45 days of this release. Mr. Fier is the Chief Operating Officer and QP for the Company.

The Cruz de Mayo resource estimate is based on the following key assumptions; a cut-off of 30 gpt silver, silver grades exceeding 300 gpt were cut to 300 gpt based on log probability; raw data was composited to statistical relevant lengths of 2 metres; a 10 metre by 10 metre by 5 metre block size was used based on geological constraints and potential future mining method; variography and ordinary kriging was used to create both gold and silver block models; the interpolation method was Ordinary Kriging, performed in two passes: one using a search ellipsoid matching the variogram model and the second at a range of 90 x 90 x 50m. The first pass was constrained to a minimum of 2 and maximum of 12 composites per block, with a maximum of 3 allowed from any one drill hole. The second pass, carried out at the larger search distance, was allowed to estimate blocks with a minimum of 1 composite, with all other search constraints kept the same; block models were classified into Indicated Resources using blocks from the first pass with a minimum of six composites and a distance to the nearest composite of 35 metres, into Inferred Resources using all blocks estimated in the second pass plus all first pass blocks not captured in the Indicated category, and a specific gravity of 2.54 based on test work. Details of these criteria will be presented in the upcoming Technical Report.

This resource estimate represents approximately 1.5 kilometres of the approximately 2.7 kilometre known strike length of the deposit. A work program at Cruz de Mayo for further expansion of the current resource with additional drilling is planned in 2008. The deposit is potentially amenable to open pit mining and standard heap leach processing. Significant potential for resource expansion exists along of the main mineralized zone and down dip.

The Qualified Persons for this news release are C. Stewart Wallis, P.Geo. of Scott Wilson RPA and N. Eric Fier, CPG, P.Eng. and Chief Operating Officer for SilverCrest Mines Inc. They have reviewed and approved the contents of this news release.

SilverCrest Mines Inc. is a "Silver Focused" exploration and development company with a portfolio of high grade silver deposits and exploration properties located in Mexico and El Salvador. This property portfolio, which includes reported indicated and inferred silver resources and substantial exploration potential, provides an important base from which SilverCrest can develop its corporate objective of becoming a significant silver asset based company. The Company's immediate initiative is to acquire and develop substantial silver resources and ultimately to operate high grade silver mines throughout North, Central and South America.

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

On Behalf of the Board of Directors of SilverCrest Mines Inc.

J. Scott Drever, President



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

 

[greenhorn]

das aber auch!

Nov 15, 2007 08:00 ET
Aquiline Resources Inc.: Navidad Measured and Indicated Mineral Resource Up 52% to 453 Million Oz Silver-Conference Call Scheduled Thursday, Nov. 15 at 4:00 PM ET-TORONTO, ONTARIO--(Marketwire - Nov. 15, 2007) - Aquiline Resources Inc. ("Aquiline" or the "Company") (TSX:AQI) is pleased to report an updated Mineral Resource estimate ("Current Resource Estimate") for the Navidad Project completed by Snowden Mining Industry Consultants Inc. ("Snowden"). The Current Resource Estimate comprises 453 million ounces of silver and 3 billion pounds of lead in the Measured and Indicated categories plus 153 million ounces of silver and 546 million pounds of lead in the Inferred category (see table below). John Chulick, Vice President of Exploration commented "This confirms Navidad as one of the largest undeveloped silver resources in the world". A Technical Report detailing the update will be filed on SEDAR and published on the Aquiline website within the next two weeks.




--------------------------------------------------------------------- November 2007 Mineral Resource (50 g/t AgEQ grade cut-off)--------------------------------------------------------------------- Tonnes AgEQ Ag Pb Ag PbCLASSIFICATION (Mt) (g/t) (g/t) (%) (Moz) (Mlb)---------------------------------------------------------------------Measured 15.8 226 150 1.57---------------------------------------------------------------------Indicated 111.9 152 105 0.99---------------------------------------------------------------------Measured + Indicated 127.7 161 110 1.06 453 2,988---------------------------------------------------------------------Inferred 49.0 121 97 0.50 153 546---------------------------------------------------------------------
Note:
The most likely cut-off grade for this deposit is not known at this time and must be confirmed by the appropriate economic studies. Silver equivalent grade values are calculated without consideration of variable metal recoveries for silver and lead. Three year rolling average metals prices of US$10.00/oz and lead price of US$0.70/lb was used to derive an equivalence formula of AgEQ equals Ag + (Pb x 10,000 / 208). The estimated metal content does not include any consideration of mining, mineral processing, or metallurgical recoveries. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.-----------------------------------------------------------------------



The previous Mineral Resource estimates, also completed by Snowden, for IMA Exploration Inc. ("IMA") in May and September 2006 are shown below for comparison with the Current Resource Estimate. The silver equivalence values in this table use different silver and lead metal prices than the previous table; this reflects changes in metal price in the intervening year.



----------------------------------------------------------------------- May and September 2006 Mineral Resources (50 g/t AgEQ grade cut-off)----------------------------------------------------------------------- Tonnes AgEQ Ag Pb Ag PbCLASSIFICATION (Mt) (g/t) (g/t) (%) (Moz) (Mlb)-----------------------------------------------------------------------Measured 4.2 253 123 3.25-----------------------------------------------------------------------Indicated 89.4 149 98 1.28-----------------------------------------------------------------------Measured + Indicated 93.6 154 99 1.37 299 2,822-----------------------------------------------------------------------Inferred 10.9 98 66 0.79 23 190-----------------------------------------------------------------------
Note:
The most likely cut-off grade for this deposit is not known at this time and must be confirmed by the appropriate economic studies. Silver equivalent grade values are calculated without consideration of variable metal recoveries for silver and lead. A silver price of US$6.00/oz and lead price of US$0.35/lb was used to derive an equivalence formula of AgEQ equals Ag +(Pb x 10,000 / 250). Silver and lead prices are based on a three-year rolling average. The estimated metal content does not include any consideration of mining, mineral processing, or metallurgical recoveries. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.-----------------------------------------------------------------------



The September 2006 Mineral Resource estimate was never filed on SEDAR by IMA, as it was received during the ownership transition period to Aquiline, which was completed in October 2006. The last publicly filed Mineral Resource estimate was the May 2006 amendment, filed on SEDAR by IMA in June 2006. The May and September 2006 Mineral Resource estimates incorporated 254 drillholes distributed over the five zones, Calcite Hill NW, Calcite Hill, Navidad Hill, Connector Zone, and Galena Hill. The Current Resource Estimate incorporates 265 additional drillholes (see appended map) and more importantly, establishes two new zones, Barite Hill and Loma de La Plata. Loma de La Plata is mainly Inferred, with 9.1 million tonnes grading 225 g/t Ag (Indicated) and 17.3 million tonnes grading 159 g/t Ag (Inferred), or 66 million silver ounces (Indicated) and a further 89 million ounces (Inferred), all at above a 50 g/t AgEQ cut-off.

John Chulick commented "The new resource estimate meets or exceeds our expectations on most levels. The Loma de La Plata zone contains the highest silver grades and is second only to Galena Hill in overall size. At the time of the original resource estimate, roughly 57% of the resource was contained in Galena Hill. The overall resource has expanded to the point where Galena Hill comprises 42.4% and Loma comprises 14.6% in the Measured and Indicated class, and the conversion factor from Inferred to Indicated at Loma de La Plata is expected to be favourable upon further drilling. This has broad implications for the overall mine planning, as the mineralization is close to surface and contains very little lead. Two composite samples have been submitted for preliminary metallurgical tests, with results expected by the end of December 2007, and we are continuing our program of step-out drilling."

Aquiline will hold an open conference call today, Thursday November 15 at 4:00 pm ET to discuss the results and to answer questions from shareholders. Conference call details are as follows:

Local / International: 416-640-3405

North American Toll-Free: 1-866-322-2356

Additional tables will be posted to the website at www.aquiline.com prior to the commencement of the conference call. The conference call will be recorded, and an audio recording will be available on the website following conclusion of the call. A Spanish transcription will be produced, and will be posted to the website.

ASSUMPTIONS AND METHODS

The Current Resource Estimate was prepared by Snowden in the following steps:

- personal inspection of the Navidad Project site

- data validation

- data preparation

- geological interpretation and modelling of lithological and mineralisation domains

- coding of drillhole data within mineralised domains

- compositing of assay intervals to a common length

- analysis of extreme values and determination of appropriate top cuts

- exploratory data analysis of silver and lead assay grades within mineralised domains

- variogram analysis and modeling

- creation of block models and application of density values to the block model

- interpolation of silver and lead grades into blocks using multiple indicator kriging ("MIK")

- validation of estimated block silver and lead grades

- confidence classification of estimates with respect to CIM (2005) guidelines

- Mineral Resource tabulation

DATA VERIFICATION

In conducting the Current Resource Estimate, Snowden verified a representative portion of the available drilling assay data against corresponding assay certificates supplied directly by the analytical laboratory. Snowden verified a portion of geological logging data against original logging data. Snowden also independently sampled drillhole core while on site and submitted samples for independent laboratory analysis.

Snowden was not able to verify the methods of drilling, sampling, and sample security and custody for the majority of the data used in the Mineral Resource estimate as Snowden was not present during these historical operations.

QUALIFIED PERSONS

The Current Resource Estimate was completed by Ms. Pamela De Mark, a Senior Consultant with Snowden, and was reviewed by a suitably experienced Snowden consultant. Ms. De Mark is a Qualified Person in accordance with NI 43-101 and is independent of Aquiline. Ms. De Mark has reviewed the contents of this news release related to the Mineral Resource estimate for accuracy. Mr. John J. Chulick, a registered geologist in the State of California, is the Qualified Person for the Navidad Project in accordance with NI 43-101. Mr. Chulick has read and approved the contents of this news release.

FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking statements". All statements, expressed or implied, regarding mineralization contained on the Navidad Project and Aquiline's ultimate success in the litigation with IMA Exploration Inc. are forward-looking statements that involve various risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Aquiline documents filed from time to time with applicable regulatory authorities. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

To view the map of Navidad Project, please visit the following link: http://www.ccnmatthews.com/docs/AQ1115_FIGURE.pdf.



SNOWDEN------------------------------------------------------------------------
------------------------------------------------------------------------ November 2007 Mineral Resources (50 g/t AgEQ grade cut-off, US$ 6.00/oz and US$0.35/lb)------------------------------------------------------------------------
Tonnes AgEQ Ag Pb Ag PbDeposit CLASSIFICATION (Mt) (g/t) (g/t) (%) (MOz) (Mlb)------------------------------------------------------------------------Calcite Hill NW Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 13.5 107 84 0.57 37 169------------------------------------------------------------------------ Meas. + Ind. 13.5 107 84 0.57 37 169------------------------------------------------------------------------ Inferred 9.3 74 43 0.77 13 158------------------------------------------------------------------------Calcite Hill Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 14.9 129 101 0.72 48 237------------------------------------------------------------------------ Meas. + Ind. 14.9 129 101 0.72 48 237------------------------------------------------------------------------ Inferred 3.9 89 76 0.31 10 27------------------------------------------------------------------------Navidad Hill Measured 8.4 139 119 0.51 32 95------------------------------------------------------------------------ Indicated 5.7 96 87 0.24 16 30------------------------------------------------------------------------ Meas. + Ind. 14.1 122 106 0.40 48 124------------------------------------------------------------------------ Inferred 2.6 94 79 0.36 7 21------------------------------------------------------------------------Connector Zone Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 7.9 111 95 0.40 24 69------------------------------------------------------------------------ Meas. + Ind. 7.9 111 95 0.40 24 69------------------------------------------------------------------------ Inferred 3.4 114 100 0.34 11 26------------------------------------------------------------------------Galena Hill Measured 7.2 304 190 2.84 44 450------------------------------------------------------------------------ Indicated 48.7 159 93 1.66 146 1,784------------------------------------------------------------------------ Meas. + Ind. 55.9 178 106 1.81 190 2,234------------------------------------------------------------------------ Inferred 8.1 125 80 1.12 21 201------------------------------------------------------------------------Barite Hill Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 6.4 194 179 0.37 37 53------------------------------------------------------------------------ Meas. + Ind. 6.4 194 179 0.37 37 53------------------------------------------------------------------------ Inferred 0.4 95 44 1.28 1 11------------------------------------------------------------------------Loma de la Plata Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 9.1 229 226 0.09 66 18------------------------------------------------------------------------ Meas. + Ind. 9.1 229 226 0.09 66 18------------------------------------------------------------------------ Inferred 17.3 163 159 0.11 89 43------------------------------------------------------------------------Total Measured 15.6 215 152 1.59 76 544------------------------------------------------------------------------ Indicated 106.2 149 109 1.01 373 2,359------------------------------------------------------------------------ Meas. + Ind. 121.8 158 115 1.08 449 2,904------------------------------------------------------------------------ Inferred 45.0 123 104 0.49 150 486------------------------------------------------------------------------
Note:
The most likely cut-off grade for this deposit is not known at this time and must be confirmed by the appropriate economic studies. Silver equivalent grade values are calculated without consideration of variable metal recoveries for silver and lead. Three year rolling average metals prices of US$6.00/oz and lead price of US$0.35/lb was used to derive an equivalence formula of AgEQ equals Ag + (Pb x 10,000 / 250). The estimated metal content does not include any consideration of mining, mineral processing, or metallurgical recoveries. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
SNOWDEN------------------------------------------------------------------------
------------------------------------------------------------------------ November 2007 Mineral Resources (50 g/t AgEQ grade cut-off, US$ 10.00/oz and US$0.70/lb)------------------------------------------------------------------------ Tonnes AgEQ Ag Pb Ag PbDeposit CLASSIFICATION (Mt) (g/t) (g/t) (%) (MOz) (Mlb)------------------------------------------------------------------------Calcite Hill NW Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 14.6 107 80 0.57 37 182------------------------------------------------------------------------ Meas. + Ind. 14.6 107 80 0.57 37 182------------------------------------------------------------------------ Inferred 11.0 76 40 0.75 14 181------------------------------------------------------------------------Calcite Hill Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 15.4 133 98 0.71 49 242------------------------------------------------------------------------ Meas. + Ind. 15.4 133 98 0.71 49 242------------------------------------------------------------------------ Inferred 4.0 91 76 0.31 10 27------------------------------------------------------------------------Navidad Hill Measured 8.5 142 117 0.51 32 96------------------------------------------------------------------------ Indicated 5.9 96 85 0.24 16 31------------------------------------------------------------------------ Meas. + Ind. 14.4 123 104 0.40 48 127------------------------------------------------------------------------ Inferred 2.7 96 79 0.36 7 21------------------------------------------------------------------------Connector Zone Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 8.1 112 93 0.40 24 71------------------------------------------------------------------------ Meas. + Ind. 8.1 112 93 0.40 24 71------------------------------------------------------------------------ Inferred 3.5 114 98 0.34 11 27------------------------------------------------------------------------Galena Hill Measured 7.3 323 188 2.81 44 451------------------------------------------------------------------------ Indicated 52.3 165 88 1.60 148 1,842------------------------------------------------------------------------ Meas. + Ind. 59.6 184 100 1.74 192 2,293------------------------------------------------------------------------ Inferred 10.1 118 67 1.05 22 235------------------------------------------------------------------------Barite Hill Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 6.5 194 176 0.38 37 54------------------------------------------------------------------------ Meas. + Ind. 6.5 194 176 0.38 37 54------------------------------------------------------------------------ Inferred 0.4 104 44 1.26 1 12------------------------------------------------------------------------Loma de la Plata Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 9.1 229 225 0.09 66 19------------------------------------------------------------------------ Meas. + Ind. 9.1 229 225 0.09 66 19------------------------------------------------------------------------ Inferred 17.3 164 159 0.11 89 43------------------------------------------------------------------------Total Measured 15.8 226 150 1.57 76 547------------------------------------------------------------------------ Indicated 111.9 152 105 0.99 377 2,440------------------------------------------------------------------------ Meas. + Ind. 127.7 161 110 1.06 453 2,988------------------------------------------------------------------------ Inferred 49.0 121 97 0.50 153 546------------------------------------------------------------------------
Note:
The most likely cut-off grade for this deposit is not known at this time and must be confirmed by the appropriate economic studies. Silver equivalent grade values are calculated without consideration of variable metal recoveries for silver and lead. Three year rolling average metals prices of US$10.00/oz and lead price of US$0.70/lb was used to derive an equivalence formula of AgEQ equals Ag + (Pb x 10,000 / 208). The estimated metal content does not include any consideration of mining, mineral processing, or metallurgical recoveries. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
SNOWDEN------------------------------------------------------------------------
------------------------------------------------------------------------ May & September 2006 Mineral Resources (50 g/t AgEQ grade cut-off, US$ 6.00/oz and US$0.35/lb)------------------------------------------------------------------------ Tonnes AgEQ Ag Pb Ag PbDeposit CLASSIFICATION (Mt) (g/t) (g/t) (%) (MOz) (Mlb)------------------------------------------------------------------------Calcite Hill NW Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 6.2 92 72 0.52 14 71------------------------------------------------------------------------ Meas. + Ind. 6.2 92 72 0.52 14 71------------------------------------------------------------------------ Inferred 5.3 96 70 0.64 12 75------------------------------------------------------------------------Calcite Hill Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 13.1 126 99 0.68 42 196------------------------------------------------------------------------ Meas. + Ind. 13.1 126 99 0.68 42 196------------------------------------------------------------------------ Inferred 0.4 107 93 0.35 1 3------------------------------------------------------------------------Navidad Hill Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 12.8 137 119 0.45 49 127------------------------------------------------------------------------ Meas. + Ind. 12.8 137 119 0.45 49 127------------------------------------------------------------------------ Inferred 1.3 110 87 0.59 4 17------------------------------------------------------------------------Connector Zone Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 5.6 105 89 0.40 16 49------------------------------------------------------------------------ Meas. + Ind. 5.6 105 89 0.40 16 49------------------------------------------------------------------------ Inferred 1.2 95 84 0.28 3 7------------------------------------------------------------------------Galena Hill Measured 4.2 253 123 3.25 17 301------------------------------------------------------------------------ Indicated 51.7 170 97 1.83 161 2,086------------------------------------------------------------------------ Meas. + Ind. 55.9 177 99 1.93 178 2,379------------------------------------------------------------------------ Inferred 2.7 95 36 1.47 3 88------------------------------------------------------------------------Barite Hill Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 0 0 0 0 0 0------------------------------------------------------------------------ Meas. + Ind. 0 0 0 0 0 0------------------------------------------------------------------------ Inferred 0 0 0 0 0 0------------------------------------------------------------------------Loma de la Plata Measured 0 0 0 0 0 0------------------------------------------------------------------------ Indicated 0 0 0 0 0 0------------------------------------------------------------------------ Meas. + Ind. 0 0 0 0 0 0------------------------------------------------------------------------ Inferred 0 0 0 0 0 0------------------------------------------------------------------------Total Measured 4.2 253 123 3.25 17 301------------------------------------------------------------------------ Indicated 89.4 149 98 1.28 282 2,530------------------------------------------------------------------------ Meas. + Ind. 93.6 154 99 1.37 299 2,822------------------------------------------------------------------------ Inferred 10.9 98 66 0.79 23 190------------------------------------------------------------------------
Note:
The most likely cut-off grade for this deposit is not known at this time and must be confirmed by the appropriate economic studies. Silver equivalent grade values are calculated without consideration of variable metal recoveries for silver and lead. A silver price of US$6.00/oz and lead price of US$0.35/lb was used to derive an equivalence formula of AgEQ equals Ag + (Pb x 10,000 / 250). Silver and lead prices are based on a three-year rolling average. The estimated metal content does not include any consideration of mining, mineral processing, or metallurgical recoveries. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

 

[greenhorn]

Nov 15, 2007 10:21 ET
Crowflight Partners With Pure Nickel to Explore Past Producing Manibridge Mine
TORONTO, ONTARIO--(Marketwire - Nov. 15, 2007) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) is pleased to announce that it has entered into a 50-50 Joint Venture Agreement with Pure Nickel Inc. to explore for and develop nickel deposits on properties controlled by both parties proximal to the past producing Manibridge Nickel Mine, approximately 20 kilometres south of the town of Wabowden, Manitoba. In a separate but related transaction, Crowflight has concluded an option agreement with Hudson Bay Exploration and Development Ltd. (HBED) to acquire a 100% interest in two claims within the area of interest of the Pure Nickel Joint Venture.

Pursuant to the terms of the agreement with Pure Nickel, each party will contribute property to the Joint Venture and make an initial aggregate contribution of $6 million over a three year period to fund preliminary exploration activities within the joint venture area and perform further detailed technical studies as necessary to evaluate the potential for development and mining on the properties. Crowflight will be the operator of the joint venture. In addition, Pure Nickel will have an option to earn a 50% interest from Crowflight in the Pure Nickel Option Area (see Figure 1) surrounding the JV area by spending $1.5 million over a three year period.

Mike Hoffman, Crowflight's President and CEO commented: "We are very excited about this joint venture with a solid partner such as Pure Nickel. We feel that enormous potential remains in this area, and given that we will soon have an operational mill nearby, it is in Crowflight's best interest to continue exploration work in an area that has been a proven mineral producer in the past."

Jay Jaski, Pure Nickel's Chairman and CEO commented: "This transaction will enable Pure Nickel to leverage the potential at Manibridge by exploring not only the areas surrounding the mine but the historical mineralization along strike that are evident in exploratory drill holes from the 1960s and 1970s. By partnering with Crowflight not only we do team up with a strong management and exploration team, it is a company that is committed to the highly prospective Thompson Nickel Belt properties and discovery of additional sources of mill feed for its Bucko operation."

Properties contributed by Pure Nickel to the joint venture contain the claims and tailings deposition area of the past producing Manibridge Mine and are subject to rights held by Xstrata Nickel, a business unit of Xstrata Canada Corporation ("Xstrata") pursuant to an exploration property purchase agreement entered into between Xstrata and Pure Nickel on August 2, 2007. Specifically, Xstrata will, among other things (i) retain an off-take option to purchase all or any portion of concentrates and other mineral and other mineral products produced from the affected properties; and (ii) be entitled to a 2% net smelter return (NSR) royalty with respect to the Pure Nickel claims.

Properties contributed by Crowflight are shown on the attached map Figure 1.

Under to the terms of the HBED Agreement on the NIM Claims, Crowflight must make cash payments of $250,000 and fund a total of $750,000 in exploration expenditures by 2011 to earn a 100% interest in the property subject to a back in clause, right of offer for off-take, and a 2% NSR.

Execution of the JV Agreement is anticipated to occur on or around November 15, 2007 and is subject to applicable approvals.

Qualified Person Comments/Quality Control Procedures

The technical content of this press release has been prepared and approved by Mr. Greg Collins, P. Geo., Crowflight's Vice President of Exploration, a Qualified Person under the NI 43-101 guidelines.

Crowflight Minerals - Canada's Next Nickel Producer

Crowflight Minerals Inc. is a Canadian junior mining exploration and development company focused on nickel, copper and Platinum Group Mineral ("PGM") projects in the Thompson Nickel Belt ("TNB") and Sudbury Basin. The Company currently owns and/or has under option approximately 800 square kilometres of exploration and development properties in Manitoba and Ontario.

Crowflight's priority is to bring the Bucko Nickel deposit located near Wabowden, Manitoba into production by mid-2008.

 

[dukezero]

war klar!

 

[greenhorn]

Sorry, nächstes Mal warte ich

war klar!

 

[dukezero]

SEARCHGOLD RESOURCES INC
SearchGold Provides Drilling Update on Bakoudou, Gabon
11/15/2007
MONTREAL, QUEBEC, Nov 15, 2007 (MARKET WIRE via COMTEX News Network) --

SearchGold Resources Inc. (TSX VENTURE: RSG)(FRANKFURT: S1O) is pleased to provide an update on its Bakoudou-Magnima Gold Project located in Gabon, Africa.

Exploration activities are on-going on Bakoudou as well as at the regional level on the Magnima greenstone belt and on the Moyabi gold anomaly. Work has however been most intense on the Bakoudou gold trend and Zone A as the partners are in the final stages of the resource calculation.

Highlights of the recent work include :

- Positive results on down dip extension of Zone A on section 200S,

- Identification of Zone A's extension on section 225S,

- Positive results from in-fill drilling on Zone A,

- Preliminary drilling results on the north part of the Bakoudou gold trend.

Down dip extension of Zone A on section 200S

Results have been obtained for holes BA-06-37 and 38 and demonstrate the down dip extension of the mineralization recognized in hole BA-06-36. Results are presented below.


-----------------------------------------------------------------------
---
Drill hole Mineralization
number depth azimuth dip section from to interval grade
(m) (m) (m) (m) (g/t
Au)
--------------------------------------------------------------------------
BA-06-37 233.50 137 75 150S 130.30 160.50 30.2 1.53
degrees degrees
--------------------------------------------------------------------------
BA-06-38 212.80 227 70 200S 151.60 176.00 24.4 1.54
degrees degrees
191.55 197.00 5.45 2.52
208.60 212.00 3.40 1.28
--------------------------------------------------------------------------

The main mineralized zone shows good continuity in its thickness and it is worth noting that hole BA-06-38 ended in mineralization. The results of hole BA-06-39 drilled on section 200S to further test the extension of the mineralization are pending.

South-east extension of Zone A on section 225S

Hole BA-06-41 was drilled at the level of hole BA-06-36, 25 m to the south-east, on section 225S. This hole intersected a mineralized zone which is so far visually reported over 13.90 m from 132.85 m to 146.75 m and consists in deformed quartz hosted in altered gneiss containing pyrite and chalcopyrite; one grain of visible gold has also been observed.

In-fill drilling on Zone A

Results have been obtained for additional in-fill holes executed between sections 125S and 175S; they are presented below.


-----------------------------------------------------------------------
---
Drill hole Mineralization
number depth azimuth dip section from to interval grade
(m) (m) (m) (m) (g/t
Au)
--------------------------------------------------------------------------
BA-06-25T 81.00 227 70 125S 30.50 56.00 25.50 2.73
degrees degrees
69.80 75.00 5.20 0.83
--------------------------------------------------------------------------
BA-06-32 114.50 227 70 150S 70.00 98.20 28.20 1.15
degrees degrees
110.50 111.50 1.00 1.52
--------------------------------------------------------------------------
BA-06-33 132.50 227 70 150S 96.80 106.40 9.60 1.23
degrees degrees
--------------------------------------------------------------------------
BA-06-31 98.00 47 70 175S 68.00 96.70 28.70 3.42
degrees degrees
--------------------------------------------------------------------------

These holes confirm the continuity of the mineralization within Zone A and will be integrated in the upcoming resource calculation.

Preliminary drilling results on the north part of the Bakoudou gold trend

Two sections of the Bakoudou gold trend have been investigated by drilling so far.

- 11 holes have been drilled at the northern extremity of the trend (BA07-C04 - BA07-C14),

- 4 holes have been drilled in the central part of the trend (BA07-C15 - BA07-C18).

Preliminary highlights of this drilling includes the following :


-----------------------------------------------------------------------
---
Drill hole Mineralization
number depth azimuth dip section from to interval grade
(m) (m) (m) (m) (g/t
Au)
--------------------------------------------------------------------------
BA07-C05 81.00 256 50 4400N 8.50 9.50 1.00 0.73
degrees degrees
22.88 24.00 1.12 0.51
31.00 32.28 1.28 0.82
--------------------------------------------------------------------------
BA07-C06 79.00 257 50 4400N 7.60 13.70 6.10 2.48
degrees degrees
--------------------------------------------------------------------------
BA07-C13 82.50 256 60 4500N 17.50 18.80 1.30 6.12
degrees degrees
--------------------------------------------------------------------------

Additional assays are pending.

Please refer to the attached two figures for the exact location of the drill holes: http://www.ccnmatthews.com/docs/North.JPG and http://www.ccnmatthews.com/docs/surfacemap.JPG

Philippe Giaro, President and CEO, stated "We are active on all fronts on the Bakoudou Project with the priority remaining the drilling on Zone A to finalize the resource calculation and take a production decision. Given the recently discovered southern extension on Zone A and the important number of new targets generated, a third drill is being shipped on the project and a fourth drill has been ordered for Gabon by the drilling contractor. We are very happy with all recent developments and remain more confident than ever in the project's bright future."

No cut-off grade was applied in the calculation of the above intersections as an exact cut-off grade will be determined from final project statistical evaluations. Moreover, even though the drilling is performed at high angle to the mineralized structures, the above intersections do not represent perfect true widths. Such true widths will be computed and integrated in the final stages of the project modeling.

Individual samples weighting 3kg on average are taken from sawn half core at +/- 1 meter intervals in the mineralized zones with consideration of the geological contacts. A rigorous QA/QC program involves the random inclusion of 10% standards, duplicates and blanks at the sample collection and preparation stage. The samples are flown to the ALS laboratory in Mali for analysis by fire assay on 50g pulp samples. The sample preparation procedure involves the crushing of the entire 3kg sample followed by quartering to obtain a representative 500g sample which is entirely pulverized and out of which a 50g sample is isolated for analysis by fire assay.

The program is being executed by Managem, and all drill core is logged and sampled under the supervision of Mr. Benyounes Maamar, P. Geol. Philippe Giaro, P.Geol., President and CEO of SearchGold Resources Inc. and Qualified Person for SearchGold, has reviewed and approved the content of this release.

In July 2005, SearchGold signed a strategic $4,200,000 joint venture agreement on the Bakoudou-Magnima Gold Project with Managem, a successful, established African-based mining company (www.managem-ona.com). Through its subsidiaries, Managem operates 6 mines in Morocco and was also involved in the development of two gold mines in West Africa.

In June 2007, SearchGold announced the appointment of SRK Consulting (Canada) Inc. ("SRK") for an engineering mandate concerning the assistance for the development of the on-going feasibility study on Zone A. A first site visit by SRK and SearchGold's management was executed in early June 2007 in Gabon and Morocco.

About SearchGold Resources Inc.

SearchGold Resources is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Africa. The expansion strategy executed in 2006 has set the stage for the Company's development in 2007 as this new year will see increased activity on the new blue-sky properties and the advanced projects as well as some potential acquisitions.

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


So jetzt aber ich!

 

[greenhorn]

Silver Eagle! wow

 

[dukezero]

Silver Eagle! wow

Wurde auch Zeit, die letzten News waren ja wirklich fett! Die Ergebnisse bei Search gold sind allerdings mittelprächtig!

 

[dukezero]

Silver Eagle! wow

Wurde auch Zeit, die letzten News waren ja wirklich fett! Die Ergebnisse bei Search gold sind allerdings mittelprächtig!

 

[greenhorn]

hoffe das es bei Silvercrest ähnlich läuft - sind zwar schon gut gegangen, aber die News von heute war auch sehr fett!
searchgold teile ich deine Meinung

Silver Eagle! wow

Wurde auch Zeit, die letzten News waren ja wirklich fett! Die Ergebnisse bei Search gold sind allerdings mittelprächtig!