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Crowflight Minerals Inc.
TSX VENTURE: CML
Jun 28, 2007 07:30 ET
Crowflight's Scoping Study on Expanded Throughput Scenario at Bucko Nickel Mine Boosts Annual Cash Flow to $78 Million
TORONTO, ONTARIO--(Marketwire - June 28, 2007) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) is pleased to announce that it has completed a scoping study to determine the parameters of an expanded throughput scenario at the Bucko Lake Nickel Deposit, currently under construction. The scoping study considered ramping-up production to up to 1,500 tonnes per day (tpd) commencing Q3-2009 (a 50% increase from the base case Bankable Feasibility Study (BFS) level of production) and utilizing much of the same infrastructure and equipment as was considered in the 1,000 tpd scenario (this equipment was purposely oversized to provide capacity to process up to 1,500 tpd throughput), thereby accommodating such an expansion.
The additional capital cost to achieve this expansion is estimated at $8.5 million and assuming US$8.00 per pound nickel price (less than one-third the average price of nickel during 2007), average annual cash flow from the mine is boosted to $78 million (a 42% increase) as compared to the base case BFS level of $55.1 million (refer to press release issued April 24, 2007). The average annual cash flow sensitivity to different nickel prices is illustrated in Table 1.
Paul Keller, Vice President Operations of Crowflight, commented on the scoping study, stating: "The Crowflight technical team was always confident that the Bucko Deposit could be grown to accommodate higher throughput than originally considered in earlier feasibility studies. The 53% increase in estimates of Indicated Mineral Resources, a result of resource expansion drilling over the past 18 months, has demonstrated this potential. Major equipment, such as the hoist, headframe and concentrator was purchased that would accommodate up to a 50% expansion of feasibility throughput to up to 1,500 tonnes per day. The scoping study identifies costs of additional equipment and design parameters to accommodate this expansion and illustrates the compelling rationale to proceed with this investment based on significantly more robust annual cash flow and a rapid pay-back of the cost of this expansion."
Table 1.
Cash Flow Sensitivities to Nickel Price - Base Case BFS and 1,500 tpd Scenarios
-------------------------------------------------------------------------------------------------------------- Annual AnnualNI Cash Flow Cash FlowPrice (Base Case BFS) (1,500 tpd)----- -------------- -----------(US$/pound) (CDN$ million) (CDN$ million)
$6.00 $32.4 $45.3
$8.00 $55.1 $78.0
$10.00 $77.7 $110.6
$12.00 $100.4 $142.7
$14.00 $123.4 $174.4--------------------------------------------------------------------------------------------------------------
Note: Includes assumptions of 1,000 tpd BFS, including US$:C$ exchange rate, reserves and operating costs. At this stage of the study, operating cost savings associated with efficiencies related to this higher throughput were not incorporated in the cash flow numbers. Every C$0.01 increase in the C$:US$ exchange rate results in an approximate C$1.5 million change in average annual cash flow under either scenario.
Thomas Atkins, President and CEO of Crowflight, expanded on Mr. Keller's comments, stating: Our objective is that towards the end of the third quarter 2007, we will have firmed-up the costs and timing of the expansion such that we would be in a position to decide on whether to invest in the expansion and possibly begin some of the activities associated with this opportunity. We're confident that the combination of cash on hand, in-the-money warrants and capital available through a project loan facility will provide adequate financial resources to invest in a ramp-up to as much as a 50% increase to 1,500 tonnes per day production in 2009."
The base case Bankable Feasibility Study (BFS) announced on April 24, 2007 envisioned an underground mine utilizing the rehabilitated, historic three-compartment shaft available on the property plus an internal ramp system for primarily long-hole stoping, contractor mining of a 2.3 million tonne Proven and Probable Reserve grading 1.84% nickel. Shaft hoisted ore was to be processed in a surface concentrator at the rate of 1,000 tonne per day. The concentrator is expected to recover approximately 81% of the contained nickel to produce on average 12.5 million pounds of contained nickel in concentrate per year over an 8 year mine life. Capital cost of project development is estimated to total $66 million and includes all engineering, procurement, construction, management and contingencies. Production is scheduled to commence in the second quarter 2008 with production concluding in 2015 under the mineral reserve estimates considered in the BFS.
The cost of additional equipment and design parameters that will accommodate the expanded throughput scenario of up to 1,500 tpd are estimated through this scoping work to total $8.5 million. This estimate is based on the cost of new equipment and Crowflight believes that used equipment may be available at reduced cost. At this stage of the study, operating cost savings associated with efficiencies related to this higher throughput have not yet been factored into the resultant economics of the expansion. Additional equipment and design parameters include:
- Decline ramp from surface to connect with the internal underground ramp system and which will facilitate transportation of miners, service, equipment, waste and shallow lying ore to and from surface thereby freeing-up the shaft for hoisting of additionally mined ore from the 1,000 Level.
- Installation of a paste backfill plant (compared to the hydraulic back-fill plant envisaged in the BFS) which will facilitate more efficient back-filling and which may result in the deposition of additional tailings in back-fill than was originally envisaged under the base case BFS scenario.
- Additional mine support infrastructure, including ventilation, pumping and backfill related infrastructure to accommodate the greater throughput.
The scoping study utilized the same 2.5 million tonne Measured and Indicated Resource grading 2.01% nickel (at a 1.4% nickel cut-off grade) and a 2.3 million tonne Probable Reserve grading 1.84% nickel as was used in the April 2007 BFS. At a 1,500 tpd rate of throughput, the life of the mine is reduced from an approximate 8 year mine life to an approximate 6 year mine life. The viability of the expanded through-put scenario is not dependant on the mine life, however Crowflight technical personnel believe there is potential to extend the mine life under the expanded throughput scenario through a combination of methods, including:
- A reduction of the cut-off grade used to determine the Resources and Reserves within the Deposit. Based on the Resource sensitivity table presented in the press release on Resources within the deposit (dated December 7, 2006), for a 0.2% reduction in the cut-off grade used to calculate the Measured and Indicated Resource (from 1.4% nickel to 1.2% nickel), or a 14% reduction in cut-off grade, there is a 37% increase in pounds of contained nickel within the Deposit, albeit at a 13% lower grade - 1.75% nickel.
- Increases in Resources and Reserves through additional in-fill drilling.
Crowflight plans to commence drilling from underground workings during the third quarter 2007, commensurate with it having gained access to the rehabilitated underground workings (shaft rehabilitation work began in May 2007). The purpose of this initial drilling is for detailed stope planning purposes with the objective of having delineated sufficient resources for the first 18 months of production. Following this work, the Company will shift part of the focus of this underground drilling program to resource expansion drilling, initially from the 1000 Level to the 2000 Level of the mine. The resource expansion drill program is expected to commence towards the end of 2007.
Once the Company has sufficiently advanced drilling for stope planning purposes, it will be in a better position to accurately create a revised mine plan at a reduced cut-off grade and evaluate the opportunities to extend the mine life at the 1,500 tpd rate of throughput through a reduction in the cut-off grade. It is planned that during the third quarter 2008, commensurate with the ramp-up of mine production to the initial 1,000 tpd, information will exist upon which to assess the opportunity to extend the mine life through a reduction in the cut-off grade and/or additional resources from the underground in-fill drill program. This timing should provide ample opportunity to optimize mine scheduling for the ramp-up of throughput envisioned through the first half of 2009 and a mine life predicated on either or both scenarios of expanded resources through in-fill drilling and the potential lowering of the cut-off grade.
Option Grant
In addition, the Company has issued 2,965,000 options to purchase common shares at an exercise price of $0.94 per option exercised to officers, directors, employees and consultants of the Company, subject to regulatory approval. The options shall vest in equal amounts over the next eight quarters and shall be subject to a statutory four month hold period.
Crowflight Minerals - Canada's Next Nickel Producer
Crowflight Minerals Inc. is a Canadian junior mining exploration and development company listed on the TSX Venture Exchange. The Company is focused on nickel, copper and Platinum Group Mineral ("PGM") projects and currently owns or has under option approximately 600 square kilometres of exploration and development properties in the Thompson Nickel Belt ("TNB") in the province of Manitoba and Sudbury Basin in Ontario.
In the Thompson Nickel Belt, Manitoba, these properties include: (1) the Bucko Lake Nickel Deposit; (2) an earn-in option with Xstrata Nickel on 400 square kilometres in 11 highly prospective properties within the TNB South Project Area (located within 30 kilometres of the Bucko Deposit) and the TNB North Project Area (immediately adjacent to CVRD-Inco's nickel operations at Thompson, Manitoba); and (3) a 100% interest in the Clarke Lake property comprising approximately 100 square kilometres of recently staked ground south and adjacent to the TNB South Project Area that surround the formerly producing Manibridge Mine.
In the Sudbury Basin, Ontario these properties include: (1) the 100% owned AER Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes grading 1.5% nickel, 2.0% copper and 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property, being explored under a joint venture agreement with Wallbridge Mining Co. Ltd.; and (3) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 kilometres south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes grading 1.7% nickel, 3.5% copper and 4.1 g/t PGM's).
Further information is available on the Company's web site at www.crowflight.com.
Statements in this news release that are not historical statements of fact may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are 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, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates and the related assumptions, 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 reserve and resource estimates, equipment and supply risks, 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.
Total Shares Outstanding: 241.9million
Fully Diluted: 275.7 million
52-Week Trading Range: C$0.21 - $1.35
For more information, please contact
Crowflight Minerals Inc.
Thomas Atkins
President and CEO
(416) 861-5900
(416) 861-8165 (FAX)
Crowflight Minerals Inc.
Heather Colpitts
Manager Investor & Public Relations
(416) 861-5803
Website: www.crowflight.com
Hier sollte heute was gehen!
TSX VENTURE: CML
Jun 28, 2007 07:30 ET
Crowflight's Scoping Study on Expanded Throughput Scenario at Bucko Nickel Mine Boosts Annual Cash Flow to $78 Million
TORONTO, ONTARIO--(Marketwire - June 28, 2007) - CROWFLIGHT MINERALS INC. (Crowflight, the Company) (TSX VENTURE:CML) is pleased to announce that it has completed a scoping study to determine the parameters of an expanded throughput scenario at the Bucko Lake Nickel Deposit, currently under construction. The scoping study considered ramping-up production to up to 1,500 tonnes per day (tpd) commencing Q3-2009 (a 50% increase from the base case Bankable Feasibility Study (BFS) level of production) and utilizing much of the same infrastructure and equipment as was considered in the 1,000 tpd scenario (this equipment was purposely oversized to provide capacity to process up to 1,500 tpd throughput), thereby accommodating such an expansion.
The additional capital cost to achieve this expansion is estimated at $8.5 million and assuming US$8.00 per pound nickel price (less than one-third the average price of nickel during 2007), average annual cash flow from the mine is boosted to $78 million (a 42% increase) as compared to the base case BFS level of $55.1 million (refer to press release issued April 24, 2007). The average annual cash flow sensitivity to different nickel prices is illustrated in Table 1.
Paul Keller, Vice President Operations of Crowflight, commented on the scoping study, stating: "The Crowflight technical team was always confident that the Bucko Deposit could be grown to accommodate higher throughput than originally considered in earlier feasibility studies. The 53% increase in estimates of Indicated Mineral Resources, a result of resource expansion drilling over the past 18 months, has demonstrated this potential. Major equipment, such as the hoist, headframe and concentrator was purchased that would accommodate up to a 50% expansion of feasibility throughput to up to 1,500 tonnes per day. The scoping study identifies costs of additional equipment and design parameters to accommodate this expansion and illustrates the compelling rationale to proceed with this investment based on significantly more robust annual cash flow and a rapid pay-back of the cost of this expansion."
Table 1.
Cash Flow Sensitivities to Nickel Price - Base Case BFS and 1,500 tpd Scenarios
-------------------------------------------------------------------------------------------------------------- Annual AnnualNI Cash Flow Cash FlowPrice (Base Case BFS) (1,500 tpd)----- -------------- -----------(US$/pound) (CDN$ million) (CDN$ million)
$6.00 $32.4 $45.3
$8.00 $55.1 $78.0
$10.00 $77.7 $110.6
$12.00 $100.4 $142.7
$14.00 $123.4 $174.4--------------------------------------------------------------------------------------------------------------
Note: Includes assumptions of 1,000 tpd BFS, including US$:C$ exchange rate, reserves and operating costs. At this stage of the study, operating cost savings associated with efficiencies related to this higher throughput were not incorporated in the cash flow numbers. Every C$0.01 increase in the C$:US$ exchange rate results in an approximate C$1.5 million change in average annual cash flow under either scenario.
Thomas Atkins, President and CEO of Crowflight, expanded on Mr. Keller's comments, stating: Our objective is that towards the end of the third quarter 2007, we will have firmed-up the costs and timing of the expansion such that we would be in a position to decide on whether to invest in the expansion and possibly begin some of the activities associated with this opportunity. We're confident that the combination of cash on hand, in-the-money warrants and capital available through a project loan facility will provide adequate financial resources to invest in a ramp-up to as much as a 50% increase to 1,500 tonnes per day production in 2009."
The base case Bankable Feasibility Study (BFS) announced on April 24, 2007 envisioned an underground mine utilizing the rehabilitated, historic three-compartment shaft available on the property plus an internal ramp system for primarily long-hole stoping, contractor mining of a 2.3 million tonne Proven and Probable Reserve grading 1.84% nickel. Shaft hoisted ore was to be processed in a surface concentrator at the rate of 1,000 tonne per day. The concentrator is expected to recover approximately 81% of the contained nickel to produce on average 12.5 million pounds of contained nickel in concentrate per year over an 8 year mine life. Capital cost of project development is estimated to total $66 million and includes all engineering, procurement, construction, management and contingencies. Production is scheduled to commence in the second quarter 2008 with production concluding in 2015 under the mineral reserve estimates considered in the BFS.
The cost of additional equipment and design parameters that will accommodate the expanded throughput scenario of up to 1,500 tpd are estimated through this scoping work to total $8.5 million. This estimate is based on the cost of new equipment and Crowflight believes that used equipment may be available at reduced cost. At this stage of the study, operating cost savings associated with efficiencies related to this higher throughput have not yet been factored into the resultant economics of the expansion. Additional equipment and design parameters include:
- Decline ramp from surface to connect with the internal underground ramp system and which will facilitate transportation of miners, service, equipment, waste and shallow lying ore to and from surface thereby freeing-up the shaft for hoisting of additionally mined ore from the 1,000 Level.
- Installation of a paste backfill plant (compared to the hydraulic back-fill plant envisaged in the BFS) which will facilitate more efficient back-filling and which may result in the deposition of additional tailings in back-fill than was originally envisaged under the base case BFS scenario.
- Additional mine support infrastructure, including ventilation, pumping and backfill related infrastructure to accommodate the greater throughput.
The scoping study utilized the same 2.5 million tonne Measured and Indicated Resource grading 2.01% nickel (at a 1.4% nickel cut-off grade) and a 2.3 million tonne Probable Reserve grading 1.84% nickel as was used in the April 2007 BFS. At a 1,500 tpd rate of throughput, the life of the mine is reduced from an approximate 8 year mine life to an approximate 6 year mine life. The viability of the expanded through-put scenario is not dependant on the mine life, however Crowflight technical personnel believe there is potential to extend the mine life under the expanded throughput scenario through a combination of methods, including:
- A reduction of the cut-off grade used to determine the Resources and Reserves within the Deposit. Based on the Resource sensitivity table presented in the press release on Resources within the deposit (dated December 7, 2006), for a 0.2% reduction in the cut-off grade used to calculate the Measured and Indicated Resource (from 1.4% nickel to 1.2% nickel), or a 14% reduction in cut-off grade, there is a 37% increase in pounds of contained nickel within the Deposit, albeit at a 13% lower grade - 1.75% nickel.
- Increases in Resources and Reserves through additional in-fill drilling.
Crowflight plans to commence drilling from underground workings during the third quarter 2007, commensurate with it having gained access to the rehabilitated underground workings (shaft rehabilitation work began in May 2007). The purpose of this initial drilling is for detailed stope planning purposes with the objective of having delineated sufficient resources for the first 18 months of production. Following this work, the Company will shift part of the focus of this underground drilling program to resource expansion drilling, initially from the 1000 Level to the 2000 Level of the mine. The resource expansion drill program is expected to commence towards the end of 2007.
Once the Company has sufficiently advanced drilling for stope planning purposes, it will be in a better position to accurately create a revised mine plan at a reduced cut-off grade and evaluate the opportunities to extend the mine life at the 1,500 tpd rate of throughput through a reduction in the cut-off grade. It is planned that during the third quarter 2008, commensurate with the ramp-up of mine production to the initial 1,000 tpd, information will exist upon which to assess the opportunity to extend the mine life through a reduction in the cut-off grade and/or additional resources from the underground in-fill drill program. This timing should provide ample opportunity to optimize mine scheduling for the ramp-up of throughput envisioned through the first half of 2009 and a mine life predicated on either or both scenarios of expanded resources through in-fill drilling and the potential lowering of the cut-off grade.
Option Grant
In addition, the Company has issued 2,965,000 options to purchase common shares at an exercise price of $0.94 per option exercised to officers, directors, employees and consultants of the Company, subject to regulatory approval. The options shall vest in equal amounts over the next eight quarters and shall be subject to a statutory four month hold period.
Crowflight Minerals - Canada's Next Nickel Producer
Crowflight Minerals Inc. is a Canadian junior mining exploration and development company listed on the TSX Venture Exchange. The Company is focused on nickel, copper and Platinum Group Mineral ("PGM") projects and currently owns or has under option approximately 600 square kilometres of exploration and development properties in the Thompson Nickel Belt ("TNB") in the province of Manitoba and Sudbury Basin in Ontario.
In the Thompson Nickel Belt, Manitoba, these properties include: (1) the Bucko Lake Nickel Deposit; (2) an earn-in option with Xstrata Nickel on 400 square kilometres in 11 highly prospective properties within the TNB South Project Area (located within 30 kilometres of the Bucko Deposit) and the TNB North Project Area (immediately adjacent to CVRD-Inco's nickel operations at Thompson, Manitoba); and (3) a 100% interest in the Clarke Lake property comprising approximately 100 square kilometres of recently staked ground south and adjacent to the TNB South Project Area that surround the formerly producing Manibridge Mine.
In the Sudbury Basin, Ontario these properties include: (1) the 100% owned AER Kidd Project adjacent to Inco's Totten Deposit (10.1 million tonnes grading 1.5% nickel, 2.0% copper and 4.8 g/t PGM's); (2) the 100% owned Peter's Roost Property, being explored under a joint venture agreement with Wallbridge Mining Co. Ltd.; and (3) the Airport Property (a 50/50 joint venture with Millstream Mines Ltd.) located 4 kilometres south, and on-strike, with Falconbridge's Nickel Rim South Deposit (13.2 million tonnes grading 1.7% nickel, 3.5% copper and 4.1 g/t PGM's).
Further information is available on the Company's web site at www.crowflight.com.
Statements in this news release that are not historical statements of fact may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information are 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, potential contractual arrangements and the delivery of equipment, receipt of working capital, anticipated revenues, mineral reserve and mineral resource estimates and the related assumptions, 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 reserve and resource estimates, equipment and supply risks, 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.
Total Shares Outstanding: 241.9million
Fully Diluted: 275.7 million
52-Week Trading Range: C$0.21 - $1.35
For more information, please contact
Crowflight Minerals Inc.
Thomas Atkins
President and CEO
(416) 861-5900
(416) 861-8165 (FAX)
Crowflight Minerals Inc.
Heather Colpitts
Manager Investor & Public Relations
(416) 861-5803
Website: www.crowflight.com
Hier sollte heute was gehen!
SOURCE: Trade Winds Ventures Inc.
Jun 28, 2007 08:00 ET
Trade Winds Drills 10.66 g/t Gold Over 5.0 Metres Within 86 Metres of Surface at Block A, Detour Lake, Ontario
TIMMINS, ON--(Marketwire - June 28, 2007) - Trade Winds Ventures (TSX VENTURE: TWD) (FRANKFURT: TVR) is pleased to announce additional results from its 13,000-metre 2007 winter diamond drill program on Block A at Detour Lake, Ontario. Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase.
The Company has received further encouraging results from four more holes, TWDDH-203 and TWDDH-205 on Section 15580E, and TWDDH-207 and TWDDH-209 on Section 15620E. These four holes are within two of twelve step-out sections, drilled near surface, to determine the continuity of the M Zone structural corridor. Management continues to be pleased with the results of this program, as it continues to define the near surface M Zone. The M Zone is believed to extend up to the surface to bedrock with the amount of overburden ranging from 9 to 20 metres in these sections. The gold bearing M Zone structural corridor has a strike length of over four kilometers, continuing west onto the 100% owned Gowest property.
On Section 15580E, diamond drill hole TWDDH-203 returned 85.30 grams/tonne over 1.00 metre and 3.36 grams/tonne gold over 3.00 metres.
Diamond drill hole TWDDH-205 returned 1.51 grams/tonne over 8.00 metres at a depth of 33 metres from surface.
Details of significant fire assay results received for holes completed on Section 15580E are as follows:
-------------------------------------------------------------------------
HOLE NAME FROM TO Depth LENGTH ASSAY COMPOSITE
(m.) (m.) Vertical(m.) (m.) (g/tonne gold) (g/tonne gold)
-------------------------------------------------------------------------
TWDDH-203 46 47 37 1.00 85.30 85.30
105 108 86 3.00 3.36
Including 106 107 1.00 6.47
173 176 141 3.00 2.55
Including 175 176 1.00 5.77
238.1 239 195 0.9 5.04
TWDDH-205 41 49 33 8.00 1.51
63 64 51 1.00 6.06
114 116 93 2.00 1.84
------------------------------------------------------------------------
On Section 15620E, diamond drill hole TWDDH-207 returned 10.66 grams/tonne over 5.00 metres, including 37.70 grams/tonne over 1.0 metre.
Diamond drill hole TWDDH-209 returned 6.42 grams/tonne over 3.00 metres, 10.15 grams/tonne over 1.00 metre, and 4.05 grams/tonne over 3.20 metres.
Previously reported 2005 drilling, intersecting the M Zone some 125 metres deeper on this section, also returned encouraging results as follows:
Diamond drill hole TWDDH-045 returned 9.66 grams/tonne over 6.24 metres, including 46.70 grams/tonne over 1.00 metre and 14.70 grams/tonne over 0.52 metres.
Diamond drill hole TWDDH-046 returned 6.89 grams/tonne over 2.40 metres, including 45.30 grams/tonne over 0.35 metres.
Details of significant fire assay results received for recent holes completed on Section 15620E are as follows:
-------------------------------------------------------------------------
HOLE NAME FROM TO Depth LENGTH ASSAY COMPOSITE
(m.) (m.) Vertical(m.) (m.) (g/tonne gold) (g/tonne gold)
-------------------------------------------------------------------------
TWDDH-207 101 106 86 5.00 10.66
Including 101 102 1.00 10.90
Including 103 104 1.00 37.70
194 198 159 4.00 2.33
Including 197 198 1.00 7.95
241 245 197 4.00 2.39
Including 242 243 1.00 5.35
TWDDH-209 55 62 50 7.00 1.695 1.83
Including 56 57 1.00 4.04
Including 60 61 1.00 3.20
82 85 67 3.00 6.42
Including 82 82.6 0.60 8.98
Including 82.6 83.2 0.60 10.65
Including 83.2 84.2 1.00 6.35
115 116 94 1.00 10.15
125.8 129 103 3.20 4.05
Including 125.8 126.4 0.60 11.90
Including 126.4 127 0.60 3.99
189 190 156 1.00 2.38
201 202 165 1.00 3.62
-------------------------------------------------------------------------
True Width is estimated to be between 65-75% of core length. Trade Winds has now reported on the first 26 of 53 diamond drill holes completed from this winter's near surface M Zone drilling program. Drawings for Sections 15620E and 15580E are available on the Company's website www.tradewindsventures.com
Diamond drill hole location and final depths for the M Zone diamond drill program are as follows:
------------------------------------------------------------------------
Section Hole# Northing Easting Azimuth Dip Length(m.)
------------------------------------------------------------------------
15620E TWDDH-207 20529.33 15620.56 180 -55 294.0
TWDDH-209 20486.76 15620.83 180 -55 216.0
15580E TWDDH-203 20524.41 15579.72 180 -55 258.0
TWDDH-205 20488.87 15579.96 180 -55 225.0
------------------------------------------------------------------------
The objective of Phase 1 2007 winter drilling program was to explore the mineralization of this new zone discovered in 2006 along a 480-metre strike length between Sections 15380E and 15860E at 40-metre intervals, while Phase 2 focused on in-fill drilling of the near surface M Zone mineralization from Sections 15900E to 16740E. Drilled on a 40 meter by 40 meter spacing, both vertically and horizontally, these new holes are part of the drilling done to the west of the area encompassing the previously published NI 43-101 indicated resource. The 2007 drill program was designed to potentially add new gold ounces to the resource estimate, and upgrade the near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.
In October 2006, Trade Winds reported an indicated resource of 14,158,000 tonnes grading 1.77 grams Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold, using a cut-off of 1.0 gram/tonne. The Technical Report prepared by Golder Associates Ltd. was filed on SEDAR on behalf of Trade Winds.
Management is looking to increase shareholder value by working towards the completion of the spin-off of its Tuole Gold/Copper and the Silu Zinc/Lead projects, located in the Peoples Republic of China, to a wholly owned subsidiary. Western China Mining ("WCH") proposes to list on a Canadian stock exchange following an Initial Public Offering (IPO) to raise up to a maximum of $7,500,000 to fund the development programs for these projects. It is expected that Trade Winds would own approximately 60% of WCH prior to the distribution to shareholders.
Trade Winds has indicated that it will look at similar spin-out strategies for its other Canadian projects, which include a 60% option in the Birch Lake, Ontario gold project and its 100% interests in the Turner Lake, Nunavut project and its Treasure Mountain and Dardanelles gold properties in B.C. These spin-out strategies are being designed to improve the identification and valuation of each specific Trade Winds property and to enable Trade Winds to separately finance and develop its various assets, selectively reducing stock dilution.
Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds' projects at Detour Lake and has reviewed the information contained herein. Trade Winds, as operator of the projects, has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. All fire assay results are being provided by ALS Chemex.
WARNING: The Company relies upon litigation protection for "forward-looking" statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
Suite 300, 1620 West 8th Ave.
Vancouver, BC V6J 1V4
117 Kent Avenue
Timmins, ON P4N 3B9
FOR FURTHER INFORMATION PLEASE CONTACT:
Ian D. Lambert
CEO/President
(604) 742-2522
Terry McGee
Investor Relations
Toll Free (877) 811-4518 ext 228
(604) 742-2531
Email: Email Contact
Visit our Website at www.tradewindsventures.com
Jun 28, 2007 08:00 ET
Trade Winds Drills 10.66 g/t Gold Over 5.0 Metres Within 86 Metres of Surface at Block A, Detour Lake, Ontario
TIMMINS, ON--(Marketwire - June 28, 2007) - Trade Winds Ventures (TSX VENTURE: TWD) (FRANKFURT: TVR) is pleased to announce additional results from its 13,000-metre 2007 winter diamond drill program on Block A at Detour Lake, Ontario. Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase.
The Company has received further encouraging results from four more holes, TWDDH-203 and TWDDH-205 on Section 15580E, and TWDDH-207 and TWDDH-209 on Section 15620E. These four holes are within two of twelve step-out sections, drilled near surface, to determine the continuity of the M Zone structural corridor. Management continues to be pleased with the results of this program, as it continues to define the near surface M Zone. The M Zone is believed to extend up to the surface to bedrock with the amount of overburden ranging from 9 to 20 metres in these sections. The gold bearing M Zone structural corridor has a strike length of over four kilometers, continuing west onto the 100% owned Gowest property.
On Section 15580E, diamond drill hole TWDDH-203 returned 85.30 grams/tonne over 1.00 metre and 3.36 grams/tonne gold over 3.00 metres.
Diamond drill hole TWDDH-205 returned 1.51 grams/tonne over 8.00 metres at a depth of 33 metres from surface.
Details of significant fire assay results received for holes completed on Section 15580E are as follows:
-------------------------------------------------------------------------
HOLE NAME FROM TO Depth LENGTH ASSAY COMPOSITE
(m.) (m.) Vertical(m.) (m.) (g/tonne gold) (g/tonne gold)
-------------------------------------------------------------------------
TWDDH-203 46 47 37 1.00 85.30 85.30
105 108 86 3.00 3.36
Including 106 107 1.00 6.47
173 176 141 3.00 2.55
Including 175 176 1.00 5.77
238.1 239 195 0.9 5.04
TWDDH-205 41 49 33 8.00 1.51
63 64 51 1.00 6.06
114 116 93 2.00 1.84
------------------------------------------------------------------------
On Section 15620E, diamond drill hole TWDDH-207 returned 10.66 grams/tonne over 5.00 metres, including 37.70 grams/tonne over 1.0 metre.
Diamond drill hole TWDDH-209 returned 6.42 grams/tonne over 3.00 metres, 10.15 grams/tonne over 1.00 metre, and 4.05 grams/tonne over 3.20 metres.
Previously reported 2005 drilling, intersecting the M Zone some 125 metres deeper on this section, also returned encouraging results as follows:
Diamond drill hole TWDDH-045 returned 9.66 grams/tonne over 6.24 metres, including 46.70 grams/tonne over 1.00 metre and 14.70 grams/tonne over 0.52 metres.
Diamond drill hole TWDDH-046 returned 6.89 grams/tonne over 2.40 metres, including 45.30 grams/tonne over 0.35 metres.
Details of significant fire assay results received for recent holes completed on Section 15620E are as follows:
-------------------------------------------------------------------------
HOLE NAME FROM TO Depth LENGTH ASSAY COMPOSITE
(m.) (m.) Vertical(m.) (m.) (g/tonne gold) (g/tonne gold)
-------------------------------------------------------------------------
TWDDH-207 101 106 86 5.00 10.66
Including 101 102 1.00 10.90
Including 103 104 1.00 37.70
194 198 159 4.00 2.33
Including 197 198 1.00 7.95
241 245 197 4.00 2.39
Including 242 243 1.00 5.35
TWDDH-209 55 62 50 7.00 1.695 1.83
Including 56 57 1.00 4.04
Including 60 61 1.00 3.20
82 85 67 3.00 6.42
Including 82 82.6 0.60 8.98
Including 82.6 83.2 0.60 10.65
Including 83.2 84.2 1.00 6.35
115 116 94 1.00 10.15
125.8 129 103 3.20 4.05
Including 125.8 126.4 0.60 11.90
Including 126.4 127 0.60 3.99
189 190 156 1.00 2.38
201 202 165 1.00 3.62
-------------------------------------------------------------------------
True Width is estimated to be between 65-75% of core length. Trade Winds has now reported on the first 26 of 53 diamond drill holes completed from this winter's near surface M Zone drilling program. Drawings for Sections 15620E and 15580E are available on the Company's website www.tradewindsventures.com
Diamond drill hole location and final depths for the M Zone diamond drill program are as follows:
------------------------------------------------------------------------
Section Hole# Northing Easting Azimuth Dip Length(m.)
------------------------------------------------------------------------
15620E TWDDH-207 20529.33 15620.56 180 -55 294.0
TWDDH-209 20486.76 15620.83 180 -55 216.0
15580E TWDDH-203 20524.41 15579.72 180 -55 258.0
TWDDH-205 20488.87 15579.96 180 -55 225.0
------------------------------------------------------------------------
The objective of Phase 1 2007 winter drilling program was to explore the mineralization of this new zone discovered in 2006 along a 480-metre strike length between Sections 15380E and 15860E at 40-metre intervals, while Phase 2 focused on in-fill drilling of the near surface M Zone mineralization from Sections 15900E to 16740E. Drilled on a 40 meter by 40 meter spacing, both vertically and horizontally, these new holes are part of the drilling done to the west of the area encompassing the previously published NI 43-101 indicated resource. The 2007 drill program was designed to potentially add new gold ounces to the resource estimate, and upgrade the near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.
In October 2006, Trade Winds reported an indicated resource of 14,158,000 tonnes grading 1.77 grams Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold, using a cut-off of 1.0 gram/tonne. The Technical Report prepared by Golder Associates Ltd. was filed on SEDAR on behalf of Trade Winds.
Management is looking to increase shareholder value by working towards the completion of the spin-off of its Tuole Gold/Copper and the Silu Zinc/Lead projects, located in the Peoples Republic of China, to a wholly owned subsidiary. Western China Mining ("WCH") proposes to list on a Canadian stock exchange following an Initial Public Offering (IPO) to raise up to a maximum of $7,500,000 to fund the development programs for these projects. It is expected that Trade Winds would own approximately 60% of WCH prior to the distribution to shareholders.
Trade Winds has indicated that it will look at similar spin-out strategies for its other Canadian projects, which include a 60% option in the Birch Lake, Ontario gold project and its 100% interests in the Turner Lake, Nunavut project and its Treasure Mountain and Dardanelles gold properties in B.C. These spin-out strategies are being designed to improve the identification and valuation of each specific Trade Winds property and to enable Trade Winds to separately finance and develop its various assets, selectively reducing stock dilution.
Mr. Alex Burton, P. Eng., P. Geo., is the qualified person for Trade Winds' projects at Detour Lake and has reviewed the information contained herein. Trade Winds, as operator of the projects, has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. All fire assay results are being provided by ALS Chemex.
WARNING: The Company relies upon litigation protection for "forward-looking" statements.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
Suite 300, 1620 West 8th Ave.
Vancouver, BC V6J 1V4
117 Kent Avenue
Timmins, ON P4N 3B9
FOR FURTHER INFORMATION PLEASE CONTACT:
Ian D. Lambert
CEO/President
(604) 742-2522
Terry McGee
Investor Relations
Toll Free (877) 811-4518 ext 228
(604) 742-2531
Email: Email Contact
Visit our Website at www.tradewindsventures.com
Southern Arc Minerals Inc.
TSX VENTURE: SA
Jun 28, 2007 08:30 ET
Southern Arc Drills 363.50 Metre Intercept Grading 0.30% Cu and 0.51 g/t Au From Hole MB003 at Selodong Cu-Au Porphyries
VANCOUVER, BRITISH COLUMBIA--(June 28, 2007) - Southern Arc Minerals Inc. (TSX VENTURE:SA) is pleased to announce that the third diamond drill hole (MB003) at its Montong Botek porphyry Cu-Au target has intersected further encouraging copper-gold mineralization. The Montong Botek porphyry forms part of the Selodong Intrusive Complex (SIC), which is situated at the southeast end of a 13 km long, northwest trending structural corridor of mineralization and alteration along which also lie the Pelangan Gold Prospect and the Mencanggah Epithermal/Porphyry District, all within SA's Lombok Property.
Drill hole MB003 was completed at a total depth of 643.5 metres. Following the first 33.3 metres, which was not mineralized, drilling intersected:
363.50m at 0.30% Cu and 0.51 g/t Au from 33.30 to 396.80m
(including 250.10m at 0.35% Cu and 0.64 g/t Au from 33.30 to 283.40m)
(and 57.15m at 0.39% Cu and 1.00 g/t Au from 33.30 to 90.45m)
These intersections prove continuity of high-grade porphyry mineralization below previous Newmont drill holes (PSG004, 032 & 15B) within the central and eastern parts of the porphyry and extends southward, high-grade Cu-Au mineralization from drill holes MB001 and MB002 which returned:
MB001: 442.2m at 0.28% Cu and 0.42 g/t Au from 33.8 to 476.0m
(including 105.0m at 0.60% Cu and 1.04 g/t Au from 33.8m to 138.8m)
MB002: 384.65m at 0.30% Cu and 0.40 g/t Au from 18.1 to 402.75m
(including 117.2m at 0.56% Cu and 0.80 g/t Au from 118.7 to 235.90m)
Results from drill holes MB001 and MB002 were previously reported in SA news releases 07-13 (May 10, 2007), 07-14 (May 11, 2007) and 07-15 (May 30, 2007) respectively.
Drill hole MB003 was drilled eastward at an inclination of -60 degrees targeting the eastern and southern extensions of Cu-Au mineralization intersected in MB001 and MB002 (Figure 1).
The upper half of MB003 to a depth of 288.4m intersected chalcopyrite and locally bornite mineralized porphyry stockworks hosted in a series of quartz diorite intrusives, which were later cut by hornblende diorite dykes. From 288.4 to 497.2m a polymictic diatreme breccia intersected in both MB001 and MB002 was logged. The breccia contains variable amounts of mineralized diorite clasts which have been stoped out of the enclosed porphyry stock and contribute to elevated Cu-Au grades. A slice of basement metasediments and associated garnet-epidote skarns was logged from 497.2 to 526.4m, whilst feldspar to diorite porphyry intrusives often displaying high temperature alteration assemblages was encountered for remainder of the hole.
The drill rig has been moved to the Blongas II Porphyry target (Figure 1), located 600m north of Montong Botek. Coring of the first of three planned holes commenced on June 23, 2007 and is expected to be completed by mid July.
Qualified Person and Quality Control and Assurance
The information in this release has been compiled under the supervision of Southern Arc's Vice President of Exploration Hamish Campbell B.Sc.Geology, MAusIMM. Mr. Campbell has over 23 years of international mineral exploration experience including 21 years in Indonesia during which he has held such positions as Exploration Manager, Senior Geologist and Consulting Geologist. Mr. Campbell has sufficient experience relevant to the style of mineralization under consideration and qualifies as a Qualified Person as defined in terms of NI 43-101.
All assaying of samples was undertaken by the ITS laboratory in Jakarta. ITS is one of the world's largest product and commodity testing, inspection and certification organizations. The Jakarta laboratory is ISO 17025 accredited and employs a Laboratory Information Management System (LIMS) for sample tracking, quality control and reporting. In addition to the laboratory's quality assurance program, the Company employs its own comprehensive quality assurance/control program including blanks and standards.
On behalf of the Board of Southern Arc Minerals Inc.
John Proust, President and CEO
To view Figure 1 please click on the following link: http://www.ccnmatthews.com/docs/SA_Map.pdf
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Southern Arc Minerals Inc.
John Proust
President and CEO
(604) 676-5241
(604) 676-5246 (FAX)
Website: www.southernarcminerals.com
TSX VENTURE: SA
Jun 28, 2007 08:30 ET
Southern Arc Drills 363.50 Metre Intercept Grading 0.30% Cu and 0.51 g/t Au From Hole MB003 at Selodong Cu-Au Porphyries
VANCOUVER, BRITISH COLUMBIA--(June 28, 2007) - Southern Arc Minerals Inc. (TSX VENTURE:SA) is pleased to announce that the third diamond drill hole (MB003) at its Montong Botek porphyry Cu-Au target has intersected further encouraging copper-gold mineralization. The Montong Botek porphyry forms part of the Selodong Intrusive Complex (SIC), which is situated at the southeast end of a 13 km long, northwest trending structural corridor of mineralization and alteration along which also lie the Pelangan Gold Prospect and the Mencanggah Epithermal/Porphyry District, all within SA's Lombok Property.
Drill hole MB003 was completed at a total depth of 643.5 metres. Following the first 33.3 metres, which was not mineralized, drilling intersected:
363.50m at 0.30% Cu and 0.51 g/t Au from 33.30 to 396.80m
(including 250.10m at 0.35% Cu and 0.64 g/t Au from 33.30 to 283.40m)
(and 57.15m at 0.39% Cu and 1.00 g/t Au from 33.30 to 90.45m)
These intersections prove continuity of high-grade porphyry mineralization below previous Newmont drill holes (PSG004, 032 & 15B) within the central and eastern parts of the porphyry and extends southward, high-grade Cu-Au mineralization from drill holes MB001 and MB002 which returned:
MB001: 442.2m at 0.28% Cu and 0.42 g/t Au from 33.8 to 476.0m
(including 105.0m at 0.60% Cu and 1.04 g/t Au from 33.8m to 138.8m)
MB002: 384.65m at 0.30% Cu and 0.40 g/t Au from 18.1 to 402.75m
(including 117.2m at 0.56% Cu and 0.80 g/t Au from 118.7 to 235.90m)
Results from drill holes MB001 and MB002 were previously reported in SA news releases 07-13 (May 10, 2007), 07-14 (May 11, 2007) and 07-15 (May 30, 2007) respectively.
Drill hole MB003 was drilled eastward at an inclination of -60 degrees targeting the eastern and southern extensions of Cu-Au mineralization intersected in MB001 and MB002 (Figure 1).
The upper half of MB003 to a depth of 288.4m intersected chalcopyrite and locally bornite mineralized porphyry stockworks hosted in a series of quartz diorite intrusives, which were later cut by hornblende diorite dykes. From 288.4 to 497.2m a polymictic diatreme breccia intersected in both MB001 and MB002 was logged. The breccia contains variable amounts of mineralized diorite clasts which have been stoped out of the enclosed porphyry stock and contribute to elevated Cu-Au grades. A slice of basement metasediments and associated garnet-epidote skarns was logged from 497.2 to 526.4m, whilst feldspar to diorite porphyry intrusives often displaying high temperature alteration assemblages was encountered for remainder of the hole.
The drill rig has been moved to the Blongas II Porphyry target (Figure 1), located 600m north of Montong Botek. Coring of the first of three planned holes commenced on June 23, 2007 and is expected to be completed by mid July.
Qualified Person and Quality Control and Assurance
The information in this release has been compiled under the supervision of Southern Arc's Vice President of Exploration Hamish Campbell B.Sc.Geology, MAusIMM. Mr. Campbell has over 23 years of international mineral exploration experience including 21 years in Indonesia during which he has held such positions as Exploration Manager, Senior Geologist and Consulting Geologist. Mr. Campbell has sufficient experience relevant to the style of mineralization under consideration and qualifies as a Qualified Person as defined in terms of NI 43-101.
All assaying of samples was undertaken by the ITS laboratory in Jakarta. ITS is one of the world's largest product and commodity testing, inspection and certification organizations. The Jakarta laboratory is ISO 17025 accredited and employs a Laboratory Information Management System (LIMS) for sample tracking, quality control and reporting. In addition to the laboratory's quality assurance program, the Company employs its own comprehensive quality assurance/control program including blanks and standards.
On behalf of the Board of Southern Arc Minerals Inc.
John Proust, President and CEO
To view Figure 1 please click on the following link: http://www.ccnmatthews.com/docs/SA_Map.pdf
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Southern Arc Minerals Inc.
John Proust
President and CEO
(604) 676-5241
(604) 676-5246 (FAX)
Website: www.southernarcminerals.com
Zu Zaruma ZMR:Stockhouse
Hello and good morning,
as I see here trading ranges at 1,70 I can only smile. I did a very very long DD, I was in Mexico at Zaruma i often spoke with the Ceo and many other people, so maybe i am allowed to give an idea of a pricerange.
But first one commet on the missing 3 Million... you forgot the outstanding warrants which have nearby a value of 3 million. So I guess that is VERY positive and the financing will be fine.
Calculating ONLY the actual resources in copper at Luz Del Cobre and an average copperprice of 2.55 Dollars, the NPV in worst case is 0,35 € Eurocents. That is a little above 0.50 CAD. This is a worst case calculation and I looked at many bad things which can happen.
In this calculation I did not insert ANY GOLD or future upgraded Copper resources.
And THIS is for me the most important point. There are a lot of opportunities and future drillings coming up.
The Trion area and the open Pit which is open to the south brings a lot of fantasy in ZMR.
I will not sell any of my shares until we have not reached these 0.5 CAD, why should I ??? I am in for long, I have BIG BIG profit already and it will be more every month which brings us nearer to production.
Would like to have some comments on that to have some discussions
Hello and good morning,
as I see here trading ranges at 1,70 I can only smile. I did a very very long DD, I was in Mexico at Zaruma i often spoke with the Ceo and many other people, so maybe i am allowed to give an idea of a pricerange.
But first one commet on the missing 3 Million... you forgot the outstanding warrants which have nearby a value of 3 million. So I guess that is VERY positive and the financing will be fine.
Calculating ONLY the actual resources in copper at Luz Del Cobre and an average copperprice of 2.55 Dollars, the NPV in worst case is 0,35 € Eurocents. That is a little above 0.50 CAD. This is a worst case calculation and I looked at many bad things which can happen.
In this calculation I did not insert ANY GOLD or future upgraded Copper resources.
And THIS is for me the most important point. There are a lot of opportunities and future drillings coming up.
The Trion area and the open Pit which is open to the south brings a lot of fantasy in ZMR.
I will not sell any of my shares until we have not reached these 0.5 CAD, why should I ??? I am in for long, I have BIG BIG profit already and it will be more every month which brings us nearer to production.
Would like to have some comments on that to have some discussions
NioGold Releases First Gold Resource Estimates on the Marban Block
VAL-D'OR, QUEBEC, Jun 28, 2007 (CCNMatthews via COMTEX News Network) --
NioGold Mining Corporation (TSX VENTURE:NOX)(FRANKFURT:NG1) ("NioGold") is very pleased to announce National Instrument 43-101 ("NI 43-101") compliant resource estimates for the adjacent Norlartic and Kierens deposits, two of the six gold zones being evaluated by NioGold on the Marban Block property, located in the Malartic Gold Camp, Quebec. Mine Development Associates has estimated indicated resources of 845,000 tonnes at an average grade of 2.66 g/t Au (72,000 ounces gold) and inferred resources of 3,092,000 tonnes at an average grade of 2.72 g/t Au (270,000 ounces gold).
The undiluted gold resources were estimated using two unique gold grade cut-offs. A 1 g/t Au cut-off grade was applied to mineralisation located in the upper 200 metres (above an elevation of 100 metres), which can reasonably be considered available for potential open-pit extraction. A 2.5 g/t Au cut-off was applied to deeper mineralisation lying below 200 metres vertical depth from surface that would reasonably require underground extractive methods.
The Norlartic and Kierens gold resources are shown below at various cut-off grades:
Indicated Resources
------------------------------------------------------------------------
Cut-off (g/t Au)
-------------------------
Above 100 m Below 100 m Tonnes Grade (g/t Au) Ounces gold
------------------------------------------------------------------------
1 2.5 845,000 2.66 72,000
2.5 2.5 392,000 3.96 50,000
3 3 263,000 4.57 39,000
4 4 108,000 6.21 22,000
5 5 50,000 8.33 13,000
------------------------------------------------------------------------
Inferred Resources
------------------------------------------------------------------------
Cut-off (g/t Au)
-------------------------
Above 100 m Below 100 m Tonnes Grade (g/t Au) Ounces gold
------------------------------------------------------------------------
1 2.5 3,092,000 2.72 270,000
2.5 2.5 1,506,000 3.96 192,000
3 3 992,000 4.60 147,000
4 4 407,000 6.29 82,000
5 5 198,000 8.24 52,000
------------------------------------------------------------------------
The gold resources are classified predominantly as inferred due to the sectional-modelling approach (see discussion below). However the drill density is sufficient to classify large portions of the inferred resources at higher categories if a more complete resource-modelling technique is applied.
Michael Iverson, President and CEO, states: "We are very pleased with the first resource estimates on the Marban Block property, which provides the Company with a solid base to build on. Much of the strike and depth extension of the Norlartic-Kierens gold system has not been investigated and a drill program is being planned to expand the resources. Our initial phase of the 35,000-metre 2007 drilling program on the Marban Block property is targeting the historic Marban mine area, located 1.5 kilometres to the southeast of the Norlartic deposit. A second drill rig will be mobilized to test other targets, including the Norlartic and Kierens extensions."
Other Historic Resources
Outside of the Norlartic and Kierens deposits and within an area of 2 kilometres by 1 kilometres, the Marban Block holds historical resources of over 170,000 ounces of gold that NioGold is also evaluating. As previously disclosed in Press Releases dated January 24, 2006 and February 23, 2006, Aur Resources had estimated in 1989:
- 136,080 tonnes @ 6.86 g/t Au (30,000 ounces gold) at the North Zone;
- 254,016 tonnes @ 8.57 g/t Au (70,000 ounces gold) in Gold Hawk Veins #1 and #2; and
- 754,386 tonnes @ 2.85 g/t Au (70,000 ounces gold) at the North-North Zone.
These estimates are historical in nature, are not compliant with NI 43-101, and should not be relied upon.
In 2006, NioGold completed 29 confirmation and extension drill holes on the North-North Zone and plans to conduct a NI 43-101 compliant resource estimate in 2007. The North-North Zone is an intrusive hosted gold-bearing vein stockwork outlined from surface to a vertical depth of -150 metres that has potential for open pit extraction.
Technical Information on Resource Estimate and Qualified Person
The Norlartic and Kierens gold deposits are localized within an important northwest-southeast trending and moderately to steeply northeast dipping deformation zone named the Norbenite Shear. Gold mineralisation is closely associated with altered and pyrite mineralised intermediate intrusions cutting sheared mafic and ultramafic volcanics. The mineral resources are localized in proximity to Norlartic and Kierens underground mine workings, which have collectively produced over 260,000 ounces of gold. A void model of these underground workings was incorporated into the resource modelling, and all mineralisation within the void model is excluded from the mineral resources.
The mineral resource estimates were prepared by independent consultants Mine Development Associates of Reno, Nevada, under the supervision of Michael M. Gustin, Ph.D., RG, in accordance with NI 43-101 Standards of Disclosure for Mineral Projects.
Gold resources at Norlartic and Kierens were modelled and estimated by:
- evaluating the drill data statistically;
- constructing geologic and mineral domains on a total of 53 vertical cross-sections spaced at 15-metre intervals throughout the extent of the structures comprising the mineralisation included in the Norlartic and Kierens resource estimates;
- carrying out geostatistical analyses to establish estimation parameters; and
- estimating gold grades into a three-dimensional block model comprised of 2-metre (perpendicular to strike) by 5-metre (along strike) by 2-metre (vertical) blocks.
All modelling of the resource was performed using Surpac(R) mining software. Drill hole data was sufficient to apply block modelling to a maximum of -645 metres vertical depth at Kierens and -420 metres at Norlartic. Grade interpolation was by inverse-distance-cubed into constrained mineral domains, which are coded to the block model by projecting the cross-sectional interpretations and mine workings, half the distance to the neighbouring sections (7.5 metres). A density of 2.75 g/cm3 was assigned to all model blocks. Interpolation results were checked by nearest-neighbour estimation, as well as by visual inspection and statistical methods.
The Norlartic and Kierens gold resources are classified predominantly as inferred due to the simplistic sectional modelling approach. This technique, in which sectional mineral-domain interpretations are projected half the distance to neighbouring sections, yields representative resource tonnes and grades. Inaccuracies in the location of the mineralisation, however, can increase as distance from the controlling cross sections increases. Indicated resources were therefore restricted to model blocks that lie directly on the interpreted cross sections.
The complete NI 43-101 compliant report will be filed on SEDAR as soon as it is made available to NioGold by Mine Development Associates.
This press release was prepared by Rock Lefrancois, P. Geo. (OGQ), the Company's Vice-President and Qualified Person as defined by National Instrument 43-101.
NioGold Mining Corporation - "The Golden Highway Runs Through NioGold"
NioGold Mining Corporation is a junior exploration company primarily focused on GOLD. The Company's main projects are the Camflo West and the Marban Block located in the Malartic and Val-d'Or Mining Camps, with an historic production of 25 million ounces of gold. The camps presently encompass several active advanced exploration and mine development projects such as Canadian Malartic (Osisko Exploration), Kiena (Wesdome), Midway (Northern Star Mining), Goldex (Agnico-Eagle) and Lac Herbin (Alexis Minerals). The Marban Block encompasses three former gold producers, namely the Kierens (First Canadian), Norlartic and Marban mines that collectively produced 592,265 ounces of gold.
NioGold's experienced and qualified technical team will ensure the successful advancement of the Company's projects towards the highest quality mineral resources. NioGold invites you to visit the company website at www.niogold.com.
This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.
SOURCE: Niogold Mining Corp.
NioGold Mining Corporation Michael A. Iverson President & CEO (604) 856-9887 Email: miverson@niogold.com NioGold Mining Corporation Rock Lefrancois, P.Geo. Vice-President (819) 825-7400 Email: rocklefrancois@niogold.com Website: www.niogold.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
VAL-D'OR, QUEBEC, Jun 28, 2007 (CCNMatthews via COMTEX News Network) --
NioGold Mining Corporation (TSX VENTURE:NOX)(FRANKFURT:NG1) ("NioGold") is very pleased to announce National Instrument 43-101 ("NI 43-101") compliant resource estimates for the adjacent Norlartic and Kierens deposits, two of the six gold zones being evaluated by NioGold on the Marban Block property, located in the Malartic Gold Camp, Quebec. Mine Development Associates has estimated indicated resources of 845,000 tonnes at an average grade of 2.66 g/t Au (72,000 ounces gold) and inferred resources of 3,092,000 tonnes at an average grade of 2.72 g/t Au (270,000 ounces gold).
The undiluted gold resources were estimated using two unique gold grade cut-offs. A 1 g/t Au cut-off grade was applied to mineralisation located in the upper 200 metres (above an elevation of 100 metres), which can reasonably be considered available for potential open-pit extraction. A 2.5 g/t Au cut-off was applied to deeper mineralisation lying below 200 metres vertical depth from surface that would reasonably require underground extractive methods.
The Norlartic and Kierens gold resources are shown below at various cut-off grades:
Indicated Resources
------------------------------------------------------------------------
Cut-off (g/t Au)
-------------------------
Above 100 m Below 100 m Tonnes Grade (g/t Au) Ounces gold
------------------------------------------------------------------------
1 2.5 845,000 2.66 72,000
2.5 2.5 392,000 3.96 50,000
3 3 263,000 4.57 39,000
4 4 108,000 6.21 22,000
5 5 50,000 8.33 13,000
------------------------------------------------------------------------
Inferred Resources
------------------------------------------------------------------------
Cut-off (g/t Au)
-------------------------
Above 100 m Below 100 m Tonnes Grade (g/t Au) Ounces gold
------------------------------------------------------------------------
1 2.5 3,092,000 2.72 270,000
2.5 2.5 1,506,000 3.96 192,000
3 3 992,000 4.60 147,000
4 4 407,000 6.29 82,000
5 5 198,000 8.24 52,000
------------------------------------------------------------------------
The gold resources are classified predominantly as inferred due to the sectional-modelling approach (see discussion below). However the drill density is sufficient to classify large portions of the inferred resources at higher categories if a more complete resource-modelling technique is applied.
Michael Iverson, President and CEO, states: "We are very pleased with the first resource estimates on the Marban Block property, which provides the Company with a solid base to build on. Much of the strike and depth extension of the Norlartic-Kierens gold system has not been investigated and a drill program is being planned to expand the resources. Our initial phase of the 35,000-metre 2007 drilling program on the Marban Block property is targeting the historic Marban mine area, located 1.5 kilometres to the southeast of the Norlartic deposit. A second drill rig will be mobilized to test other targets, including the Norlartic and Kierens extensions."
Other Historic Resources
Outside of the Norlartic and Kierens deposits and within an area of 2 kilometres by 1 kilometres, the Marban Block holds historical resources of over 170,000 ounces of gold that NioGold is also evaluating. As previously disclosed in Press Releases dated January 24, 2006 and February 23, 2006, Aur Resources had estimated in 1989:
- 136,080 tonnes @ 6.86 g/t Au (30,000 ounces gold) at the North Zone;
- 254,016 tonnes @ 8.57 g/t Au (70,000 ounces gold) in Gold Hawk Veins #1 and #2; and
- 754,386 tonnes @ 2.85 g/t Au (70,000 ounces gold) at the North-North Zone.
These estimates are historical in nature, are not compliant with NI 43-101, and should not be relied upon.
In 2006, NioGold completed 29 confirmation and extension drill holes on the North-North Zone and plans to conduct a NI 43-101 compliant resource estimate in 2007. The North-North Zone is an intrusive hosted gold-bearing vein stockwork outlined from surface to a vertical depth of -150 metres that has potential for open pit extraction.
Technical Information on Resource Estimate and Qualified Person
The Norlartic and Kierens gold deposits are localized within an important northwest-southeast trending and moderately to steeply northeast dipping deformation zone named the Norbenite Shear. Gold mineralisation is closely associated with altered and pyrite mineralised intermediate intrusions cutting sheared mafic and ultramafic volcanics. The mineral resources are localized in proximity to Norlartic and Kierens underground mine workings, which have collectively produced over 260,000 ounces of gold. A void model of these underground workings was incorporated into the resource modelling, and all mineralisation within the void model is excluded from the mineral resources.
The mineral resource estimates were prepared by independent consultants Mine Development Associates of Reno, Nevada, under the supervision of Michael M. Gustin, Ph.D., RG, in accordance with NI 43-101 Standards of Disclosure for Mineral Projects.
Gold resources at Norlartic and Kierens were modelled and estimated by:
- evaluating the drill data statistically;
- constructing geologic and mineral domains on a total of 53 vertical cross-sections spaced at 15-metre intervals throughout the extent of the structures comprising the mineralisation included in the Norlartic and Kierens resource estimates;
- carrying out geostatistical analyses to establish estimation parameters; and
- estimating gold grades into a three-dimensional block model comprised of 2-metre (perpendicular to strike) by 5-metre (along strike) by 2-metre (vertical) blocks.
All modelling of the resource was performed using Surpac(R) mining software. Drill hole data was sufficient to apply block modelling to a maximum of -645 metres vertical depth at Kierens and -420 metres at Norlartic. Grade interpolation was by inverse-distance-cubed into constrained mineral domains, which are coded to the block model by projecting the cross-sectional interpretations and mine workings, half the distance to the neighbouring sections (7.5 metres). A density of 2.75 g/cm3 was assigned to all model blocks. Interpolation results were checked by nearest-neighbour estimation, as well as by visual inspection and statistical methods.
The Norlartic and Kierens gold resources are classified predominantly as inferred due to the simplistic sectional modelling approach. This technique, in which sectional mineral-domain interpretations are projected half the distance to neighbouring sections, yields representative resource tonnes and grades. Inaccuracies in the location of the mineralisation, however, can increase as distance from the controlling cross sections increases. Indicated resources were therefore restricted to model blocks that lie directly on the interpreted cross sections.
The complete NI 43-101 compliant report will be filed on SEDAR as soon as it is made available to NioGold by Mine Development Associates.
This press release was prepared by Rock Lefrancois, P. Geo. (OGQ), the Company's Vice-President and Qualified Person as defined by National Instrument 43-101.
NioGold Mining Corporation - "The Golden Highway Runs Through NioGold"
NioGold Mining Corporation is a junior exploration company primarily focused on GOLD. The Company's main projects are the Camflo West and the Marban Block located in the Malartic and Val-d'Or Mining Camps, with an historic production of 25 million ounces of gold. The camps presently encompass several active advanced exploration and mine development projects such as Canadian Malartic (Osisko Exploration), Kiena (Wesdome), Midway (Northern Star Mining), Goldex (Agnico-Eagle) and Lac Herbin (Alexis Minerals). The Marban Block encompasses three former gold producers, namely the Kierens (First Canadian), Norlartic and Marban mines that collectively produced 592,265 ounces of gold.
NioGold's experienced and qualified technical team will ensure the successful advancement of the Company's projects towards the highest quality mineral resources. NioGold invites you to visit the company website at www.niogold.com.
This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.
SOURCE: Niogold Mining Corp.
NioGold Mining Corporation Michael A. Iverson President & CEO (604) 856-9887 Email: miverson@niogold.com NioGold Mining Corporation Rock Lefrancois, P.Geo. Vice-President (819) 825-7400 Email: rocklefrancois@niogold.com Website: www.niogold.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
Jun 28, 2007 09:24 ET
Sparton Grants Additional Options
TORONTO, ONTARIO--(Marketwire - June 28, 2007) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") announced today that it has extended an agreement with an investor relations firm to enhance investor awareness about Sparton's portfolio of energy and precious metals projects, and as a consequence, pursuant to the Company's news release dated March 20, 2007, has granted further options to the firm Bay Street Connect ("BSC") to purchase 100,000 common shares of Sparton at a price of $0.375 per share. These options will vest in increments of 25,000 shares quarterly in arrears. All vested options will expire if not exercised within 30 days of termination of the service agreement with BSC. Otherwise, the options reported here will expire on June 28, 2009.
Quelle: Bullboards
Sparton Grants Additional Options
TORONTO, ONTARIO--(Marketwire - June 28, 2007) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") announced today that it has extended an agreement with an investor relations firm to enhance investor awareness about Sparton's portfolio of energy and precious metals projects, and as a consequence, pursuant to the Company's news release dated March 20, 2007, has granted further options to the firm Bay Street Connect ("BSC") to purchase 100,000 common shares of Sparton at a price of $0.375 per share. These options will vest in increments of 25,000 shares quarterly in arrears. All vested options will expire if not exercised within 30 days of termination of the service agreement with BSC. Otherwise, the options reported here will expire on June 28, 2009.
Quelle: Bullboards
TRADE WINDS VENTURES INC
www.streetinvesting.com: Global Market Perspective Review For Trade Winds Ventures
6/29/2007
Jun 29, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Streetinvesting.com is the leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge.
Please visit www.Streetinvesting.com for the full report, additional research and related articles on the company mentioned herein.
Wall Street giggled over the prospect that the Federal Reserve would keep their perspective unchanged regarding interest rate. Even if investors was more inclined to see rate cut, news that the 5.25 % benchmark will still be on the board might relieve heightened tension that have be predominating on the market lately. Looking at the economy as a whole, the Feds have had to consider two main factors, namely unemployment level and the struggling housing sector, before settling for an unmoved rate level. According to the final first-quarter reports from the Commerce department, economic growth raised vaguely to an unexpected level for the 1st quarter. However, the report also gave readings on inflation level, showing the pressure on the economy has been slightly pushed up. Trade Winds Ventures (TSX-V: TWD) (FRANKFURT: TVR) closed at $ 0.35 with a trading volume of 160,221 on the Toronto Venture this Thursday.
The law of the jungle seems more appropriate to describe the trend the market has been taking lately, and our investigation team had been on a research safari within the realm of Canadian Juniors, eager to catch the most promising prospects therein. Trade Winds Ventures would be amongst those we have been reviewing as their press release caught our attention; hence we would like to present it to you.
On Thursday June 28th 2007, Trade Winds Ventures made a press release announcement. Trade Winds Ventures published additional results from its 13,000-metre 2007 winter diamond drill program on Block A at Detour Lake, Ontario. Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase.
The Company has received further encouraging results from four more holes, TWDDH-203 and TWDDH-205 on Section 15580E, and TWDDH-207 and TWDDH-209 on Section 15620E. These four holes are within two of twelve step-out sections, drilled near surface, to determine the continuity of the M Zone structural corridor. Management continues to be pleased with the results of this program, as it continues to define the near surface M Zone. The M Zone is believed to extend up to the surface to bedrock with the amount of overburden ranging from 9 to 20 metres in these sections. The gold bearing M Zone structural corridor has a strike length of over four kilometers, continuing west onto the 100% owned Gowest property.
The objective of Phase 1 2007 winter drilling program was to explore the mineralization of this new zone discovered in 2006 along a 480-metre strike length between Sections 15380E and 15860E at 40-metre intervals, while Phase 2 focused on in-fill drilling of the near surface M Zone mineralization from Sections 15900E to 16740E. Drilled on a 40 meter by 40 meter spacing, both vertically and horizontally, these new holes are part of the drilling done to the west of the area encompassing the previously published NI 43-101 indicated resource. The 2007 drill program was designed to potentially add new gold ounces to the resource estimate, and upgrade the near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.
In October 2006, Trade Winds reported an indicated resource of 14,158,000 tonnes grading 1.77 grams Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold, using a cut-off of 1.0 gram/tonne. The Technical Report prepared by Golder Associates Ltd. was filed on SEDAR on behalf of Trade Winds.
Management is looking to increase shareholder value by working towards the completion of the spin-off of its Tuole Gold/Copper and the Silu Zinc/Lead projects, located in the Peoples Republic of China, to a wholly owned subsidiary. Western China Mining ("WCH") proposes to list on a Canadian stock exchange following an Initial Public Offering (IPO) to raise up to a maximum of $7,500,000 to fund the development programs for these projects. It is expected that Trade Winds would own approximately 60% of WCH prior to the distribution to shareholders.
Trade Winds has indicated that it will look at similar spin-out strategies for its other Canadian projects, which include a 60% option in the Birch Lake, Ontario gold project and its 100% interests in the Turner Lake, Nunavut project and its Treasure Mountain and Dardanelles gold properties in B.C. These spin-out strategies are being designed to improve the identification and valuation of each specific Trade Winds property and to enable Trade Winds to separately finance and develop its various assets, selectively reducing stock dilution.
Trade Winds Ventures is a well funded Canadian based exploration company with a primary focus to enhance shareholder value by identifying, exploring and developing world class gold projects in Canada. Trade Winds primary properties lie in Ontario Canada in both the Detour Lake and Red Lake/Birch Lake mining districts, which host some of Canada's largest and most profitable mines. The company also owns a 100% interest in the following properties: Dardanelle; Treasure Mountain; and Nunavut. In addition, Trade Winds owns 80% interest through its Chinese Subsidiary, in the Tuole in China.
To conclude, the gross domestic product had the weakest reading for over 4 years with an annual growth rate of 0.7 % in the first quarter of this year, mainly triggered by businesses selling off inventories as compared to a strong consumers' spending. The Street is set to have a revolution this week, whether the latest readings will justify a bearish assault or the return of the bull would be decided at the end of the Feds meeting. We will be keeping focus on Trade Winds Ventures as they move forward within their respective exchange. Our aim is to provide you fresh news as they are thrown to the media or other official sources. In the meantime, we invite you to visit our website, www.streetinvesting.com, and take full benefit of our free membership to access future information about Trade Winds Ventures.
Please visit www.streetinvesting.com for a complimentary subscription to access this issuance and other related in-depth articles. Please note that membership does not require credit card information nor does it require a commitment to our service.
We have initiated this news release as a tool to keep investors informed about the market. The information contained herein comes from an unbiased perspective and we do not have a vested interest in the companies mentioned in this release. Becoming a member to www.streetinvesting.com will give you access to all the on-going information and investment news that we come across.
Investors wishing to seek a different approach to their investment theories and concepts and to be informed of unique investment opportunities should also visit www.streetinvesting.com for a free membership.
About Street Investing
Streetinvesting.com has now become a leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge. More information can be found on our website at www.streetinvesting.com If you have been brought here under false pretense, please let our staff know by emailing us at support@streetinvesting.com. Please feel free to visit our site for more information and a free membership.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
All material herein was prepared by Streetinvesting.com (Street Investing) based upon information believed to be reliable. The information contained herein is not guaranteed by Streetinvesting.com to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Streetinvesting.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Streetinvesting.com may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Streetinvesting.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Streetinvesting.com undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD
www.streetinvesting.com: Global Market Perspective Review For Trade Winds Ventures
6/29/2007
Jun 29, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Streetinvesting.com is the leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge.
Please visit www.Streetinvesting.com for the full report, additional research and related articles on the company mentioned herein.
Wall Street giggled over the prospect that the Federal Reserve would keep their perspective unchanged regarding interest rate. Even if investors was more inclined to see rate cut, news that the 5.25 % benchmark will still be on the board might relieve heightened tension that have be predominating on the market lately. Looking at the economy as a whole, the Feds have had to consider two main factors, namely unemployment level and the struggling housing sector, before settling for an unmoved rate level. According to the final first-quarter reports from the Commerce department, economic growth raised vaguely to an unexpected level for the 1st quarter. However, the report also gave readings on inflation level, showing the pressure on the economy has been slightly pushed up. Trade Winds Ventures (TSX-V: TWD) (FRANKFURT: TVR) closed at $ 0.35 with a trading volume of 160,221 on the Toronto Venture this Thursday.
The law of the jungle seems more appropriate to describe the trend the market has been taking lately, and our investigation team had been on a research safari within the realm of Canadian Juniors, eager to catch the most promising prospects therein. Trade Winds Ventures would be amongst those we have been reviewing as their press release caught our attention; hence we would like to present it to you.
On Thursday June 28th 2007, Trade Winds Ventures made a press release announcement. Trade Winds Ventures published additional results from its 13,000-metre 2007 winter diamond drill program on Block A at Detour Lake, Ontario. Block A is being explored as a 50/50 Joint Venture between Detour Gold Corporation (TSX: DGC) (50%) and Trade Winds (50%), the operator during the exploration phase.
The Company has received further encouraging results from four more holes, TWDDH-203 and TWDDH-205 on Section 15580E, and TWDDH-207 and TWDDH-209 on Section 15620E. These four holes are within two of twelve step-out sections, drilled near surface, to determine the continuity of the M Zone structural corridor. Management continues to be pleased with the results of this program, as it continues to define the near surface M Zone. The M Zone is believed to extend up to the surface to bedrock with the amount of overburden ranging from 9 to 20 metres in these sections. The gold bearing M Zone structural corridor has a strike length of over four kilometers, continuing west onto the 100% owned Gowest property.
The objective of Phase 1 2007 winter drilling program was to explore the mineralization of this new zone discovered in 2006 along a 480-metre strike length between Sections 15380E and 15860E at 40-metre intervals, while Phase 2 focused on in-fill drilling of the near surface M Zone mineralization from Sections 15900E to 16740E. Drilled on a 40 meter by 40 meter spacing, both vertically and horizontally, these new holes are part of the drilling done to the west of the area encompassing the previously published NI 43-101 indicated resource. The 2007 drill program was designed to potentially add new gold ounces to the resource estimate, and upgrade the near surface inferred gold ounces, already included in the current resource estimate, to the indicated category.
In October 2006, Trade Winds reported an indicated resource of 14,158,000 tonnes grading 1.77 grams Au/t containing 804,321 ounces of gold and an inferred mineral resource of 24,796,000 tonnes grading 1.88 g Au/t containing 1,499,552 ounces of gold, using a cut-off of 1.0 gram/tonne. The Technical Report prepared by Golder Associates Ltd. was filed on SEDAR on behalf of Trade Winds.
Management is looking to increase shareholder value by working towards the completion of the spin-off of its Tuole Gold/Copper and the Silu Zinc/Lead projects, located in the Peoples Republic of China, to a wholly owned subsidiary. Western China Mining ("WCH") proposes to list on a Canadian stock exchange following an Initial Public Offering (IPO) to raise up to a maximum of $7,500,000 to fund the development programs for these projects. It is expected that Trade Winds would own approximately 60% of WCH prior to the distribution to shareholders.
Trade Winds has indicated that it will look at similar spin-out strategies for its other Canadian projects, which include a 60% option in the Birch Lake, Ontario gold project and its 100% interests in the Turner Lake, Nunavut project and its Treasure Mountain and Dardanelles gold properties in B.C. These spin-out strategies are being designed to improve the identification and valuation of each specific Trade Winds property and to enable Trade Winds to separately finance and develop its various assets, selectively reducing stock dilution.
Trade Winds Ventures is a well funded Canadian based exploration company with a primary focus to enhance shareholder value by identifying, exploring and developing world class gold projects in Canada. Trade Winds primary properties lie in Ontario Canada in both the Detour Lake and Red Lake/Birch Lake mining districts, which host some of Canada's largest and most profitable mines. The company also owns a 100% interest in the following properties: Dardanelle; Treasure Mountain; and Nunavut. In addition, Trade Winds owns 80% interest through its Chinese Subsidiary, in the Tuole in China.
To conclude, the gross domestic product had the weakest reading for over 4 years with an annual growth rate of 0.7 % in the first quarter of this year, mainly triggered by businesses selling off inventories as compared to a strong consumers' spending. The Street is set to have a revolution this week, whether the latest readings will justify a bearish assault or the return of the bull would be decided at the end of the Feds meeting. We will be keeping focus on Trade Winds Ventures as they move forward within their respective exchange. Our aim is to provide you fresh news as they are thrown to the media or other official sources. In the meantime, we invite you to visit our website, www.streetinvesting.com, and take full benefit of our free membership to access future information about Trade Winds Ventures.
Please visit www.streetinvesting.com for a complimentary subscription to access this issuance and other related in-depth articles. Please note that membership does not require credit card information nor does it require a commitment to our service.
We have initiated this news release as a tool to keep investors informed about the market. The information contained herein comes from an unbiased perspective and we do not have a vested interest in the companies mentioned in this release. Becoming a member to www.streetinvesting.com will give you access to all the on-going information and investment news that we come across.
Investors wishing to seek a different approach to their investment theories and concepts and to be informed of unique investment opportunities should also visit www.streetinvesting.com for a free membership.
About Street Investing
Streetinvesting.com has now become a leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge. More information can be found on our website at www.streetinvesting.com If you have been brought here under false pretense, please let our staff know by emailing us at support@streetinvesting.com. Please feel free to visit our site for more information and a free membership.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
All material herein was prepared by Streetinvesting.com (Street Investing) based upon information believed to be reliable. The information contained herein is not guaranteed by Streetinvesting.com to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Streetinvesting.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Streetinvesting.com may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Streetinvesting.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Streetinvesting.com undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD
Zu Kobex aus WO von Neono:
Deshalb liegen bei 2 20k von mir. Sommer is Shoppingtime und nicht zum verkaufen geeignet. Das wird der deutsche Börsenbrieflemming auch noch kapieren. Nachdem er mindestens einmal pleite war. Wie diese Schmierfinken diesen schönen Markt verändert haben....
Jede Firma die nicht jede Woche 2 News hat taugt nix. Da muss riesiges Volumen her, um 50% hochzugehen, aber keiner fragt, wo wie geplant plötzlich die Verkäufe herkommen. Der Präsident von NFX hat ca. 5mio Stücke in die Pusherei verkauft und hier hat sich keiner dran gestört.
Herr, was haben wir für eine Börsenkultur hier bekommen?
Mount Emmons ist und bleibt das beste Molyprojekt der Welt. Wer bis heute noch nicht realisiert hat, das Kobex aktuell rein gar nix ausser sein Cash besitzt, der mag sich auch morgen noch fragen, warum keiner agressiv kauft - im Sommer wohlgemerkt, wo überall tote Hose ist.
KBX hat derzeit eine Marketcap von rund 70mio Dollar, bei 30mio Dollar Cash. Mit dem Management wäre sie auch ohne Mount Emmons unterbewertet mit diesen Zahlen. Am Ende werden sie 65mio Stücke outstanding haben, 100% an Mount Emmons besitzen und für mehr (hängt vom Molypreis ab) als eine Milliarde übernommen .
Im September wird das Permitt ( Anmerk: Zulassung)eingereicht und die Bohrungen werden dann auch beginnen. 2 Monate einzusammeln und 2 Monate eher in die Steuerfreiheit. Spätestens mit den ersten Bohrergebnissen fliegt sie .
Deshalb liegen bei 2 20k von mir. Sommer is Shoppingtime und nicht zum verkaufen geeignet. Das wird der deutsche Börsenbrieflemming auch noch kapieren. Nachdem er mindestens einmal pleite war. Wie diese Schmierfinken diesen schönen Markt verändert haben....
Jede Firma die nicht jede Woche 2 News hat taugt nix. Da muss riesiges Volumen her, um 50% hochzugehen, aber keiner fragt, wo wie geplant plötzlich die Verkäufe herkommen. Der Präsident von NFX hat ca. 5mio Stücke in die Pusherei verkauft und hier hat sich keiner dran gestört.
Herr, was haben wir für eine Börsenkultur hier bekommen?
Mount Emmons ist und bleibt das beste Molyprojekt der Welt. Wer bis heute noch nicht realisiert hat, das Kobex aktuell rein gar nix ausser sein Cash besitzt, der mag sich auch morgen noch fragen, warum keiner agressiv kauft - im Sommer wohlgemerkt, wo überall tote Hose ist.
KBX hat derzeit eine Marketcap von rund 70mio Dollar, bei 30mio Dollar Cash. Mit dem Management wäre sie auch ohne Mount Emmons unterbewertet mit diesen Zahlen. Am Ende werden sie 65mio Stücke outstanding haben, 100% an Mount Emmons besitzen und für mehr (hängt vom Molypreis ab) als eine Milliarde übernommen .
Im September wird das Permitt ( Anmerk: Zulassung)eingereicht und die Bohrungen werden dann auch beginnen. 2 Monate einzusammeln und 2 Monate eher in die Steuerfreiheit. Spätestens mit den ersten Bohrergebnissen fliegt sie .
Ganz herlichen Dank für die Infos, duke!!!
Noch ne Ergänzung zu Kobex,- wurde von mir auch schon gepostet! von Neono WO
Der letzte Versuch der Minengegner wurde vom Gericht erst gar nicht zur Klage zugelassen. Damit gehören die Claims rechtmässig und unwiderruflich U.S. Energy und damit Kobex. Ein patented Claim ist ein verbrieftes Recht zum Abbau der Bodenschätze. Und wie es um die Permitts bestellt ist, konntest Du neulich hier lesen. "So schnell als möglich", sollen diese eingereicht und bearbeitet werden.
Am Ende siegt das Geld, wie immer und das Geld bringt vor allem diese Mine nach Crestle Butt.
Danke Bömbchen !
Der letzte Versuch der Minengegner wurde vom Gericht erst gar nicht zur Klage zugelassen. Damit gehören die Claims rechtmässig und unwiderruflich U.S. Energy und damit Kobex. Ein patented Claim ist ein verbrieftes Recht zum Abbau der Bodenschätze. Und wie es um die Permitts bestellt ist, konntest Du neulich hier lesen. "So schnell als möglich", sollen diese eingereicht und bearbeitet werden.
Am Ende siegt das Geld, wie immer und das Geld bringt vor allem diese Mine nach Crestle Butt.
Danke Bömbchen !
'Moly' nearing two-year high
Jonathan Ratner, Financial Post
Published: Friday, June 29, 2007
The mysterious metal that is molybdenum, or "moly" for short, could rise above record prices last seen in June, 2005, if reports that China may cut export quotas on moly products by roughly 50% prove correct.
Moly, primarily a by-product from copper mining, but also mined on its own, has risen from less than US$5 per pound in early 2003 to around US$35 these days.
Blackmont Capital analyst George Topping thinks average prices will reach US$50 per pound in 2008 due to tight demand that he says is only exacerbated by investment funds. He thinks prices will continue to fall after that, eventually averaging US$10 in 2012 and beyond.
While there appears to be a lack of public information available about element number 42 on the periodic table (symbol Mo), which is typically used to strengthen iron and steel, "most of the easily attainable moly production from existing operations has already been accessed and in some cases is now declining," Mr. Topping said in a research note. Meanwhile, he said it takes roughly two years to add a moly plant to existing copper projects that are not equipped to capture the moly they mine.
This is one symptom of what he calls a "lack of faith" in the moly rally and a market characterized by indifference.
Nonetheless, Mr. Topping expects demand to remain strong in coming years due to demand and the limited number of advanced deposits.
Sprott Asset Management's new molybdenum participation fund, which will buy and sell physical moly much like its does with its uranium fund, will also likely tighten the market suddenly, he said, adding that this could catch the market off guard.
Jonathan Ratner, Financial Post
Published: Friday, June 29, 2007
The mysterious metal that is molybdenum, or "moly" for short, could rise above record prices last seen in June, 2005, if reports that China may cut export quotas on moly products by roughly 50% prove correct.
Moly, primarily a by-product from copper mining, but also mined on its own, has risen from less than US$5 per pound in early 2003 to around US$35 these days.
Blackmont Capital analyst George Topping thinks average prices will reach US$50 per pound in 2008 due to tight demand that he says is only exacerbated by investment funds. He thinks prices will continue to fall after that, eventually averaging US$10 in 2012 and beyond.
While there appears to be a lack of public information available about element number 42 on the periodic table (symbol Mo), which is typically used to strengthen iron and steel, "most of the easily attainable moly production from existing operations has already been accessed and in some cases is now declining," Mr. Topping said in a research note. Meanwhile, he said it takes roughly two years to add a moly plant to existing copper projects that are not equipped to capture the moly they mine.
This is one symptom of what he calls a "lack of faith" in the moly rally and a market characterized by indifference.
Nonetheless, Mr. Topping expects demand to remain strong in coming years due to demand and the limited number of advanced deposits.
Sprott Asset Management's new molybdenum participation fund, which will buy and sell physical moly much like its does with its uranium fund, will also likely tighten the market suddenly, he said, adding that this could catch the market off guard.
Verfasst von Manfred Gburek am 01.07.2007 um 9:21 Uhr
Von reichen Leuten und armen Notenbankern
Seitwärtsbewegungen sind nicht gerade das, wovon Börsianer träumen. Die aktuelle mittelfristige beim Gold und, wenngleich unter etwas stärkeren Schwankungen, eigentlich auch beim Silber gehen folglich vielen Anlegern auf die Nerven. Ihnen rufe ich den Eingangssatz meines hier veröffentlichten Beitrags vom 11. Mai in Erinnerung: "Wer Geld in Edelmetallen angelegt hat, wird zurzeit auf eine harte Geduldsprobe gestellt." Bleiben Sie weiter geduldig, denn Ihre Geduld wird sich auszahlen!
Warum? Außer den sattsam bekannten Gründen (Goldnachfrage höher als Goldangebot, internationale Geldschwemme, Misstrauen in Papierwährungen, latente Gefahr für Aktien, dto. für US-Immobilien, Derivateblase u.a.) rückt einer wieder mehr in den Vordergrund, der den Anstieg der Edelmetallpreise seit 2001 begleitet und der in den nächsten Monaten, ja Jahren sogar Ausschlag gebend sein könnte: Der wahre Edelmetallanteil in großen diversifizierten Portfolios der so genannten Ultra High Net Worth Individuals (UHNWI, Modebegriff für Superreiche) ist mit weniger als 5% nach wie vor superniedrig. Ursache Nr. 1: der seit 2003 im Vergleich zu den Edelmetallpreisen stärkere Anstieg der Aktienkurse. Ursache Nr. 2: die Spekulation mit Immobilien (man denke nur an die irren Preise in London). Ursache Nr. 3: der Erfolg von Hedgefonds, Private Equity, Zertifikaten und Exchange Traded Funds (ETF). Ursache Nr. 4: das Faible der Superreichen für Kunst. Ursache Nr. 5: extrem niedrige Gewinnspannen der Banken beim direkten Edelmetallhandel.
Vier von diesen fünf Ursachen haben zwar nichts direkt mit den Edelmetallen, speziell Gold, zu tun, wirken sich aber indirekt auf deren Preise aus. Denn falls die Nachfrage aus großen diversifizierten Portfolios mehr auf ein Penthouse in London, einen Hedgefonds mit riesigem Fremdkapitalhebel oder ein Gemälde von Picasso gerichtet ist, kann sie nicht gleichzeitig dem Gold zugute kommen. Insofern hat die Seitwärtsbewegung des Goldes sogar etwas Positives, das heißt, auf der Nachfrageseite muss es - zusätzlich zur dominanten Schmuckindustrie - Kräfte geben, die um 650 Dollar je Unze pendelnde Notierungen für Kaufpreise halten. Dass es sich hierbei um UHNWI handelt, ist wegen der großen Diskretion in diesen Kreisen und den sie betreuenden Banken nur schwer zu belegen. Gleichwohl sprechen einige Indizien dafür. An erster Stelle: Die Verluste mit Anleihen, die gerade auch die Superreichen in diesem Jahr erlitten haben. Wobei diese sich, wie in einzelnen Fällen von ihnen zu hören ist, nun fragen: Wenn schon Anleihen kein sicherer Hafen mehr sind, welche Anlage ist es dann? Eine plausible Antwort heißt: Gold.
In diesem Kontext ist die ganzheitliche Betrachtung wichtig, die auch alternative Überlegungen einbezieht. Eine davon lautet: Kommt es, ausgehend von einer immer schwächer werdenden US-Konjunktur, auch zur wirtschaftlichen Abkühlung in Europa, müsste die zwischenzeitlich auf fast 4,7% hochgeschossene Rendite zehnjähriger Bundesanleihen analog zur Rendite amerikanischer T-Bonds wieder fallen. Ergebnis: Kursgewinne mit Anleihen, und nach einer gewissen Übergangszeit würden Anleihen wieder die Funktion des sicheren Hafens haben.
Wie realistisch ist diese Überlegung? Wenden wir uns zur Beantwortung kurz von den UHNWI ab und den Systemen der Altersversorgung zu, denen summa summarum noch viel mehr Geld zur Verfügung steht. Sie verwalten es zu einem großen Teil, indem sie Anleihen kaufen und lange Zeit halten. Typisches Beispiel: die deutschen Lebensversicherer. Haben deren Portfolioverwalter sich etwa geärgert, als die Rendite der Bundesanleihen auf 4,7% hochschoss? Nein, im Gegenteil, sie haben gejubelt und den Champagner in Strömen fließen lassen. Warum, liegt auf der Hand: Dank Renditeanstieg können sie Ende dieses Jahres, wenn sie die Überschussdeklarationen für 2008 bekannt geben, ihren Kunden nach Jahren der Zinsdürre endlich wieder mehr Geld versprechen. Und was machen sie mit den Verlusten aus Anleihen? Die ziehen sie einfach bis zu deren Endfälligkeit zum Nominalwert durch.
Hier muss man sich die Frage stellen, wer überhaupt noch ernsthaft ein Interesse an fallenden Zinsen hat. Gewiss die hoch fremdfinanzierten Hedgefonds und Private Equity-Firmen; letztere fahren ihre Schulden allerdings zum Teil schon erheblich zurück. Gewiss auch alle hoch verschuldeten Unternehmen; doch sie sind im Vergleich zu den gut finanzierten in der Minderheit. Der Vergleich ist auch auf Konsumenten übertragbar. Die US-Notenbank Fed hat für den Fall, dass die Konjunktur sich drüben erheblich abzuschwächen droht, natürlich ebenfalls Interesse an fallenden Zinsen; doch dieser Fall lässt auf sich warten. Und für die US-Regierung kommt es in Anbetracht der gigantischen Staatsverschuldung auf ein Mehr oder Weniger an kurzfristigen Leitzinssätzen offenbar nicht mehr an.
Je länger die Zinsen hüben wie drüben oben bleiben, desto mehr spiegelt sich in ihnen etwas wider, was viel mit Geldpsychologie zu tun hat: die Erwartung steigender Inflationsraten. Verbreitet sich diese Erwartung immer weiter, ist sie, wie vor allem die 70er Jahre gezeigt haben, nicht mit fallenden Zinsen aus der Welt zu schaffen, mit weiter steigenden schon gar nicht. Kurzum, die Notenbanker sitzen in der Falle. Das, was sie jetzt am wenigsten brauchen können, ist ein steigender Goldpreis, der die Erwartung höherer Inflationsraten nicht nur verstärken, sondern geradezu heraufbeschwören würde. Am liebsten würden sie ihn mit allen Mitteln drücken. Doch die Tatsache, dass er seitwärts tendiert, spricht dagegen, dass sie solche Mittel überhaupt noch besitzen. So spannend können Seitwärtsbewegungen sein.
© Manfred Gburek
www.gburek.eu
Herr Gburek ist u.a. Moderator auf der "Edelmetall- &
Rohstoffmesse" am 2.+3.11.2007 in München und Buchautor. Seine letzten Werke waren: "Das Goldbuch" (2005) und das Wörterbuch "Geld und Gold klipp und klar von A bis Z" (2007)
Von reichen Leuten und armen Notenbankern
Seitwärtsbewegungen sind nicht gerade das, wovon Börsianer träumen. Die aktuelle mittelfristige beim Gold und, wenngleich unter etwas stärkeren Schwankungen, eigentlich auch beim Silber gehen folglich vielen Anlegern auf die Nerven. Ihnen rufe ich den Eingangssatz meines hier veröffentlichten Beitrags vom 11. Mai in Erinnerung: "Wer Geld in Edelmetallen angelegt hat, wird zurzeit auf eine harte Geduldsprobe gestellt." Bleiben Sie weiter geduldig, denn Ihre Geduld wird sich auszahlen!
Warum? Außer den sattsam bekannten Gründen (Goldnachfrage höher als Goldangebot, internationale Geldschwemme, Misstrauen in Papierwährungen, latente Gefahr für Aktien, dto. für US-Immobilien, Derivateblase u.a.) rückt einer wieder mehr in den Vordergrund, der den Anstieg der Edelmetallpreise seit 2001 begleitet und der in den nächsten Monaten, ja Jahren sogar Ausschlag gebend sein könnte: Der wahre Edelmetallanteil in großen diversifizierten Portfolios der so genannten Ultra High Net Worth Individuals (UHNWI, Modebegriff für Superreiche) ist mit weniger als 5% nach wie vor superniedrig. Ursache Nr. 1: der seit 2003 im Vergleich zu den Edelmetallpreisen stärkere Anstieg der Aktienkurse. Ursache Nr. 2: die Spekulation mit Immobilien (man denke nur an die irren Preise in London). Ursache Nr. 3: der Erfolg von Hedgefonds, Private Equity, Zertifikaten und Exchange Traded Funds (ETF). Ursache Nr. 4: das Faible der Superreichen für Kunst. Ursache Nr. 5: extrem niedrige Gewinnspannen der Banken beim direkten Edelmetallhandel.
Vier von diesen fünf Ursachen haben zwar nichts direkt mit den Edelmetallen, speziell Gold, zu tun, wirken sich aber indirekt auf deren Preise aus. Denn falls die Nachfrage aus großen diversifizierten Portfolios mehr auf ein Penthouse in London, einen Hedgefonds mit riesigem Fremdkapitalhebel oder ein Gemälde von Picasso gerichtet ist, kann sie nicht gleichzeitig dem Gold zugute kommen. Insofern hat die Seitwärtsbewegung des Goldes sogar etwas Positives, das heißt, auf der Nachfrageseite muss es - zusätzlich zur dominanten Schmuckindustrie - Kräfte geben, die um 650 Dollar je Unze pendelnde Notierungen für Kaufpreise halten. Dass es sich hierbei um UHNWI handelt, ist wegen der großen Diskretion in diesen Kreisen und den sie betreuenden Banken nur schwer zu belegen. Gleichwohl sprechen einige Indizien dafür. An erster Stelle: Die Verluste mit Anleihen, die gerade auch die Superreichen in diesem Jahr erlitten haben. Wobei diese sich, wie in einzelnen Fällen von ihnen zu hören ist, nun fragen: Wenn schon Anleihen kein sicherer Hafen mehr sind, welche Anlage ist es dann? Eine plausible Antwort heißt: Gold.
In diesem Kontext ist die ganzheitliche Betrachtung wichtig, die auch alternative Überlegungen einbezieht. Eine davon lautet: Kommt es, ausgehend von einer immer schwächer werdenden US-Konjunktur, auch zur wirtschaftlichen Abkühlung in Europa, müsste die zwischenzeitlich auf fast 4,7% hochgeschossene Rendite zehnjähriger Bundesanleihen analog zur Rendite amerikanischer T-Bonds wieder fallen. Ergebnis: Kursgewinne mit Anleihen, und nach einer gewissen Übergangszeit würden Anleihen wieder die Funktion des sicheren Hafens haben.
Wie realistisch ist diese Überlegung? Wenden wir uns zur Beantwortung kurz von den UHNWI ab und den Systemen der Altersversorgung zu, denen summa summarum noch viel mehr Geld zur Verfügung steht. Sie verwalten es zu einem großen Teil, indem sie Anleihen kaufen und lange Zeit halten. Typisches Beispiel: die deutschen Lebensversicherer. Haben deren Portfolioverwalter sich etwa geärgert, als die Rendite der Bundesanleihen auf 4,7% hochschoss? Nein, im Gegenteil, sie haben gejubelt und den Champagner in Strömen fließen lassen. Warum, liegt auf der Hand: Dank Renditeanstieg können sie Ende dieses Jahres, wenn sie die Überschussdeklarationen für 2008 bekannt geben, ihren Kunden nach Jahren der Zinsdürre endlich wieder mehr Geld versprechen. Und was machen sie mit den Verlusten aus Anleihen? Die ziehen sie einfach bis zu deren Endfälligkeit zum Nominalwert durch.
Hier muss man sich die Frage stellen, wer überhaupt noch ernsthaft ein Interesse an fallenden Zinsen hat. Gewiss die hoch fremdfinanzierten Hedgefonds und Private Equity-Firmen; letztere fahren ihre Schulden allerdings zum Teil schon erheblich zurück. Gewiss auch alle hoch verschuldeten Unternehmen; doch sie sind im Vergleich zu den gut finanzierten in der Minderheit. Der Vergleich ist auch auf Konsumenten übertragbar. Die US-Notenbank Fed hat für den Fall, dass die Konjunktur sich drüben erheblich abzuschwächen droht, natürlich ebenfalls Interesse an fallenden Zinsen; doch dieser Fall lässt auf sich warten. Und für die US-Regierung kommt es in Anbetracht der gigantischen Staatsverschuldung auf ein Mehr oder Weniger an kurzfristigen Leitzinssätzen offenbar nicht mehr an.
Je länger die Zinsen hüben wie drüben oben bleiben, desto mehr spiegelt sich in ihnen etwas wider, was viel mit Geldpsychologie zu tun hat: die Erwartung steigender Inflationsraten. Verbreitet sich diese Erwartung immer weiter, ist sie, wie vor allem die 70er Jahre gezeigt haben, nicht mit fallenden Zinsen aus der Welt zu schaffen, mit weiter steigenden schon gar nicht. Kurzum, die Notenbanker sitzen in der Falle. Das, was sie jetzt am wenigsten brauchen können, ist ein steigender Goldpreis, der die Erwartung höherer Inflationsraten nicht nur verstärken, sondern geradezu heraufbeschwören würde. Am liebsten würden sie ihn mit allen Mitteln drücken. Doch die Tatsache, dass er seitwärts tendiert, spricht dagegen, dass sie solche Mittel überhaupt noch besitzen. So spannend können Seitwärtsbewegungen sein.
© Manfred Gburek
www.gburek.eu
Herr Gburek ist u.a. Moderator auf der "Edelmetall- &
Rohstoffmesse" am 2.+3.11.2007 in München und Buchautor. Seine letzten Werke waren: "Das Goldbuch" (2005) und das Wörterbuch "Geld und Gold klipp und klar von A bis Z" (2007)
NIOGOLD MINING CORP - WKN A0JKQ5 - sehr interessanter Goldwert mit viel Potenzial
Die Analysten vom tradersreport würden eine erste Kaufposition in den Aktien der NIOGOLD MINING CORP (WKN: A0JKQ5 / ISIN: CA6544851018) bis 0,38 € aufbauen.
Die NIOGOLD MINING CORP hat in der letzten Woche einen sehr erfreulichen Report über eines ihrer Explorergebiete herausgegeben. Demnach haben die Properties einen hervorragenden Goldgehalt. Des Weiteren finden es die Analysten vom tradersreport absolut interessant, dass evtl. noch die Chance besteht, dass das Goldprojekt "nur" eine Zugabe ist, da sie mit einer baldigen Meldung über evtl. anderen Resourcenfunde rechnen.
Das Management von NIOGOLD MINING CORP kann sich wirklich sehen lassen. Es hat bereits bei anderen Explorern exzellente Arbeit getan und wenn sich dies bei der NIOGOLD MINING CORP wiederholen sollte, steckt einiges an Kurspotenzial in den Aktien.
Das Unternehmen ist zur Zeit der Bewertung Schuldenfrei gewesen. Frisches Kapital wurde in den letzten Wochen/ Monaten durch einige Private Placements hereingeholt. Diese Private Placements wurden zudem auf dem hiesigen Marktniveau oder mit Optionen wesentlich über dem hiesigen Marktniveau getätigt.
Aktuell ist das Unternehmen mit lediglich 16 Mio. € bewertet. Die Hochrechnungen der Analysten vom tradersreport gehen aber bei der beginnenden Exploration mit ca. 55 Mio. CAN $ aus. Das wäre eine Marktkapitalisierung von ca. 38 Mio. € aus oder einem Kurs von ca. 0.75 €.
Auch die Charttechnik hat aus der Sicht der Analysten vom tradersreport am Freitag ein Kaufsignal generiert. Sie rechnen mit einem baldigen brechen der alten Höchstkurse um 0,70 CAN $ in den nächsten Wochen. Danach sollte eine weitere Kurssteigerung bei weiter positiven Nachrichten von Seiten des Unternehmen in den nächsten Monaten auf das avisierte Kursniveau von 0,75 € führen.
geht schon gut ab, aktuell 0,36 Euro (+16%)
8) 8) versteht ihr das Spiel bei Trade Winds - liefern schöne News am Band und der Kurs kommt nicht aus der Hüfte?
dukezero schrieb am 29.06.2007, 14:44 TRADE WINDS VENTURES INC
www.streetinvesting.com: Global Market Perspective Review For Trade Winds Ventures
6/29/2007
Jun 29, 2007 (M2 PRESSWIRE via COMTEX News Network) --.......
dukezero schrieb am 29.06.2007, 14:44 TRADE WINDS VENTURES INC
www.streetinvesting.com: Global Market Perspective Review For Trade Winds Ventures
6/29/2007
Jun 29, 2007 (M2 PRESSWIRE via COMTEX News Network) --.......
zu Kobex: KBX
Der Permittingprozess (Zulassungen) wird die nächsten Wochen eingeleitet. Damit einher geht der Bohrbeginn auf Mount Emmons.
Upon receiving TSX Venture Exchange approval of the transaction, U.S. Energy Corp. and Kobex plan to issue a comprehensive project update.
"We are pleased to have signed an operating agreement that will govern the further exploration, development and ultimate operations of the Lucky Jack molybdenum property with Kobex," stated Mark Larsen, President of U.S. Energy Corp. He added, "Kobex has been a tremendous partner to work with since signing our Amended Letter Agreement in December 2006. We look forward to continuing our work hand in hand with them and the local communities well into the future and to providing the market with a comprehensive update on the project in the near future."
Der Permittingprozess (Zulassungen) wird die nächsten Wochen eingeleitet. Damit einher geht der Bohrbeginn auf Mount Emmons.
Upon receiving TSX Venture Exchange approval of the transaction, U.S. Energy Corp. and Kobex plan to issue a comprehensive project update.
"We are pleased to have signed an operating agreement that will govern the further exploration, development and ultimate operations of the Lucky Jack molybdenum property with Kobex," stated Mark Larsen, President of U.S. Energy Corp. He added, "Kobex has been a tremendous partner to work with since signing our Amended Letter Agreement in December 2006. We look forward to continuing our work hand in hand with them and the local communities well into the future and to providing the market with a comprehensive update on the project in the near future."
Die kommt schon noch! Schon krass unterbewertet mit diesen Top News! Im Sommer kaufen im Dezember ernten!
Zu Zaruma ZMR unter Vorbehalt! von WO
Habe Gestern Nachmittag Herrn Utter eine EMAIL geschickt, was denn nun mit der Unterschrift von GLENCORE los sei....
Ein paar Stunden später hat Herr Utter mir folgendes aus Mexiko geschrieben:
Sehr geehrter Herr XXXX
Danke fuer Ihr e mail. Damit ich keine nicht veroeffentlichte InsiderInformation preis gebe, bitte ich Sie auf eine konkrete Antwort kurzfristig zu warten.
Mit Gruss
Thomas Utter
z.Z. Mexico
June 20 - Zaruma Resources Inc., (TSX-ZMR) is pleased to announce that in recent discussions with Glencore International AG, Glencore confirmed its intent to provide US $22 million as debt financing for the capital requirements of the Luz del Cobre copper project, and also confirmed its interest in participating in the proposed copper exploration program on the 9,764 hectare property, which includes the Trion area, 1000 metres to the west of Luz del Cobre, where a previously undefined oxide copper target zone has been delineated. In consideration of Glencore's provision of the loan, and financing the exploration and development of Trion, Glencore shall have the right to offtake 100 per cent of all base metal production from Luz del Cobre and Trion, based on London Metal Exchange market prices.
Habe Gestern Nachmittag Herrn Utter eine EMAIL geschickt, was denn nun mit der Unterschrift von GLENCORE los sei....
Ein paar Stunden später hat Herr Utter mir folgendes aus Mexiko geschrieben:
Sehr geehrter Herr XXXX
Danke fuer Ihr e mail. Damit ich keine nicht veroeffentlichte InsiderInformation preis gebe, bitte ich Sie auf eine konkrete Antwort kurzfristig zu warten.
Mit Gruss
Thomas Utter
z.Z. Mexico
June 20 - Zaruma Resources Inc., (TSX-ZMR) is pleased to announce that in recent discussions with Glencore International AG, Glencore confirmed its intent to provide US $22 million as debt financing for the capital requirements of the Luz del Cobre copper project, and also confirmed its interest in participating in the proposed copper exploration program on the 9,764 hectare property, which includes the Trion area, 1000 metres to the west of Luz del Cobre, where a previously undefined oxide copper target zone has been delineated. In consideration of Glencore's provision of the loan, and financing the exploration and development of Trion, Glencore shall have the right to offtake 100 per cent of all base metal production from Luz del Cobre and Trion, based on London Metal Exchange market prices.
Nachricht vom 02.07.2007
Spottbilliger Explorer!
Das aussichtsreichste und derzeit am stärksten vorangetriebene Projekt von Sacre-Coeur Minerals (WKN A0JKHQ) ist das Million-Mountain-Gold-Projekt, welches sich im regionalen Block Lower Puruni befindet, und ein Gebiet von rund 34 Quadratmeilen umfasst.
Dass dieses Projekt sich in einer äußerst vielversprechenden Gegend befindet, beweist die unmittelbare Nachbarschaft zu Guyana Goldfields. Dieser Goldexplorer hat in der Nachbarschaft exzellente Ergebnisse vermeldet und ist mit rund dem Zehnfachen(!) von Sacre-Coeur Minerals an der Börse bewertet. Daraus lässt sich das immense Kurspotential der Aktie erkennen. Die Resultate der letzten Bohrungen erhärten die Vermutung, dass Sacre-Coeur Minerals direkt auf einem oberflächennahen Goldvorkommen sitzt.
Die Geologen gehen davon aus, dass die Bohrungen einen 500m langen, 400m breiten und 80-100m tiefen Erzkörper bestätigen werden, der in drei Richtungen offen ist. Der Goldgehalt lag hier im Durchschnitt bei 1,05 Gramm je Tonne, also wirtschaftlich abbaubar. In der Spitze wurden sogar hochgradige Mineralisierungen von bis zu 15 Gramm(!) pro Tonne nachgewiesen.
(Einmaliger) Produktionsvorteil
Durch die Oberflächennähe der Lagerstädte dürfte Sacre-Coeur Minerals das Gold im Tagebauverfahren abbauen können. Dieser Produktionsvorteil stellt einen zusätzlichen Hebel auf den Aktienkurs dar, denn es muss nur wenig Material bewegt werden, um direkt in goldhaltige Schichten vorzudringen. Damit kann der Explorer auf schnellstem Wege in den Produzentenstatus wechseln. Weitere Bohrungen zur genaueren Bestimmung der Ausmaße des Erzkörpers laufen. Finanziell stellt die Fortsetzung des Bohrprogramms für Sacre-Coeur Minerals kein Problem dar, denn die Unternehmenskasse ist mit rund 7,4 Mio. CAD prall gefüllt!
Interessante Einstiegsgelegenheit!
Charttechnisch gesehen bietet sich bei Sacre-Coeur Minerals derzeit eine günstige Gelegenheit. Von August 2006 bis Mitte April 2007 befand sich die Aktie in einem stabilen Aufwärtstrend, der in der Spitze zu einem Kurs von 2,38 Euro führte. Die sehr gute Kursentwicklung wurde von einer Reihe alter Anteilseigner dazu genutzt, bestehende Optionen auszuüben. Schnell wurden wichtige Stopp-Loss-Marken unterschritten. Heute hat sich die Aktie auf rund 1,25 Euro verbilligt
Aufgrund der großen Erfolge im Million-Mountain-Gold-Projekt rechnen wir in den nächsten Wochen wieder mit deutlich anziehenden Notierungen. Es existieren nur wenige Explorer mit einer so aussichtsreichen Liegenschaft auf dem Markt. Darüber hinaus ist der Explorationsstart bei zwei weiteren regionalen Blöcken geplant. Im ersten Schritt sollte die Aktie die 1,80 Euro-Marke zurückerobern.
Für uns ist Sacre-Coeur Minerals bei Kursen unter 1,50 Euro ein klarer Kauf.
Ist vor 6 Wochen nach dem fetten Anstieg durch das Ausüben von Warrants nach unten gerauscht!
Spottbilliger Explorer!
Das aussichtsreichste und derzeit am stärksten vorangetriebene Projekt von Sacre-Coeur Minerals (WKN A0JKHQ) ist das Million-Mountain-Gold-Projekt, welches sich im regionalen Block Lower Puruni befindet, und ein Gebiet von rund 34 Quadratmeilen umfasst.
Dass dieses Projekt sich in einer äußerst vielversprechenden Gegend befindet, beweist die unmittelbare Nachbarschaft zu Guyana Goldfields. Dieser Goldexplorer hat in der Nachbarschaft exzellente Ergebnisse vermeldet und ist mit rund dem Zehnfachen(!) von Sacre-Coeur Minerals an der Börse bewertet. Daraus lässt sich das immense Kurspotential der Aktie erkennen. Die Resultate der letzten Bohrungen erhärten die Vermutung, dass Sacre-Coeur Minerals direkt auf einem oberflächennahen Goldvorkommen sitzt.
Die Geologen gehen davon aus, dass die Bohrungen einen 500m langen, 400m breiten und 80-100m tiefen Erzkörper bestätigen werden, der in drei Richtungen offen ist. Der Goldgehalt lag hier im Durchschnitt bei 1,05 Gramm je Tonne, also wirtschaftlich abbaubar. In der Spitze wurden sogar hochgradige Mineralisierungen von bis zu 15 Gramm(!) pro Tonne nachgewiesen.
(Einmaliger) Produktionsvorteil
Durch die Oberflächennähe der Lagerstädte dürfte Sacre-Coeur Minerals das Gold im Tagebauverfahren abbauen können. Dieser Produktionsvorteil stellt einen zusätzlichen Hebel auf den Aktienkurs dar, denn es muss nur wenig Material bewegt werden, um direkt in goldhaltige Schichten vorzudringen. Damit kann der Explorer auf schnellstem Wege in den Produzentenstatus wechseln. Weitere Bohrungen zur genaueren Bestimmung der Ausmaße des Erzkörpers laufen. Finanziell stellt die Fortsetzung des Bohrprogramms für Sacre-Coeur Minerals kein Problem dar, denn die Unternehmenskasse ist mit rund 7,4 Mio. CAD prall gefüllt!
Interessante Einstiegsgelegenheit!
Charttechnisch gesehen bietet sich bei Sacre-Coeur Minerals derzeit eine günstige Gelegenheit. Von August 2006 bis Mitte April 2007 befand sich die Aktie in einem stabilen Aufwärtstrend, der in der Spitze zu einem Kurs von 2,38 Euro führte. Die sehr gute Kursentwicklung wurde von einer Reihe alter Anteilseigner dazu genutzt, bestehende Optionen auszuüben. Schnell wurden wichtige Stopp-Loss-Marken unterschritten. Heute hat sich die Aktie auf rund 1,25 Euro verbilligt
Aufgrund der großen Erfolge im Million-Mountain-Gold-Projekt rechnen wir in den nächsten Wochen wieder mit deutlich anziehenden Notierungen. Es existieren nur wenige Explorer mit einer so aussichtsreichen Liegenschaft auf dem Markt. Darüber hinaus ist der Explorationsstart bei zwei weiteren regionalen Blöcken geplant. Im ersten Schritt sollte die Aktie die 1,80 Euro-Marke zurückerobern.
Für uns ist Sacre-Coeur Minerals bei Kursen unter 1,50 Euro ein klarer Kauf.
Ist vor 6 Wochen nach dem fetten Anstieg durch das Ausüben von Warrants nach unten gerauscht!
Fischländers Basket: Das sogenannte 10 kleine Negerlein Basket mal wieder nach vorne geholt!
Gold
Southern Arc Minerals http://www.southernarcminerals.com/s/Home.asp
nächste Bre-Ex oder nächste Lihir (tippe auf Lihir ), multi-mio Oz Potential in Indonesien, Partner von Newmont
Alexandria Minerals http://www.azx.ca/
Top aufgestellter Junior in Kanada, so viel Gelände, dass da mind. eine 1 mio Oz Mine bei rumkommt!
Gold/Moly/Diamanten
Mexivada Mining http://www.mexivada.com/s/Home.asp
halten ev. den weltweit letzten unerforschten Greenstone Belt, Potential 15-20mio Oz Au in der Rep. Kongo (nicht Zaire!!!), zudem etliche potentielle multi-mio Oz Gelände in Nevada neben den Majors
Moly/Cu/Rhenium
Int. PBX http://www.internationalpbx.com/
haben in Chile das wahrscheinlich das größte Moly Vorkommen der Welt, zudem ausgezeichnete Rhenium Werte, das fast so teuer ist wie Gold
Moly/Vanadium/Tungsten
Largo Minerals http://www.largoresources.com/
haben in Canada das größte unerschlossene Moly-Tungsten Depot der Welt, allle drei seltenen Metalle sind in der Stahlindustrie von strategischem Interesse als Härter/Veredeler, Zusatzpotential durch Platin und Palladium in Brasilien
Öl&Gas/Gold/Nickel
Vangold Resources http://vangold.ca/
halten über 40.000 km2 Öl-Explorations/Produktionsanteils-Lizenzen in Burundi, Kenya, Armenien, ev. Nickel Player in Uganda, multi mio Oz Au Potential in PNG, zwei Spin-offs in Arbeit
Uran
Bluerock Resources http://www.bluerockresources.com/s/Home.asp
Uran Micro-Cap, haben etliche ex-Minen in den USA mit bestehenden Produktionslizenzen(!!!) aufgesammelt
Purepoint Uranium http://www.purepoint.ca/
bevorzugter Explorer für Cameco, die alle verfügbaren Resourcen auf die Wiederherstellung der Cigar Lake Mine verwenden müssen, Purepoint wird imho in 2-3 Jahren von Cameco übernommen
Uranextrahierung/Gold
Sparton Resources www.spartonres.ca
Gold in China mit Regierungsbeteiligung, Gold in Nevada, Urangebiete, die eigentliche Phantasie steckt in dem Uranextrahierungsverfahren aus Kohleasche
Gold/Uran/Nickel
Cornerstone Capital http://www.cornerstoneresources.com/s/Home.asp
Beteiligung und JVs an an die 50 Geländen und Projekten in Canada und Ecuador mit Top-Partnern
Gold
Southern Arc Minerals http://www.southernarcminerals.com/s/Home.asp
nächste Bre-Ex oder nächste Lihir (tippe auf Lihir ), multi-mio Oz Potential in Indonesien, Partner von Newmont
Alexandria Minerals http://www.azx.ca/
Top aufgestellter Junior in Kanada, so viel Gelände, dass da mind. eine 1 mio Oz Mine bei rumkommt!
Gold/Moly/Diamanten
Mexivada Mining http://www.mexivada.com/s/Home.asp
halten ev. den weltweit letzten unerforschten Greenstone Belt, Potential 15-20mio Oz Au in der Rep. Kongo (nicht Zaire!!!), zudem etliche potentielle multi-mio Oz Gelände in Nevada neben den Majors
Moly/Cu/Rhenium
Int. PBX http://www.internationalpbx.com/
haben in Chile das wahrscheinlich das größte Moly Vorkommen der Welt, zudem ausgezeichnete Rhenium Werte, das fast so teuer ist wie Gold
Moly/Vanadium/Tungsten
Largo Minerals http://www.largoresources.com/
haben in Canada das größte unerschlossene Moly-Tungsten Depot der Welt, allle drei seltenen Metalle sind in der Stahlindustrie von strategischem Interesse als Härter/Veredeler, Zusatzpotential durch Platin und Palladium in Brasilien
Öl&Gas/Gold/Nickel
Vangold Resources http://vangold.ca/
halten über 40.000 km2 Öl-Explorations/Produktionsanteils-Lizenzen in Burundi, Kenya, Armenien, ev. Nickel Player in Uganda, multi mio Oz Au Potential in PNG, zwei Spin-offs in Arbeit
Uran
Bluerock Resources http://www.bluerockresources.com/s/Home.asp
Uran Micro-Cap, haben etliche ex-Minen in den USA mit bestehenden Produktionslizenzen(!!!) aufgesammelt
Purepoint Uranium http://www.purepoint.ca/
bevorzugter Explorer für Cameco, die alle verfügbaren Resourcen auf die Wiederherstellung der Cigar Lake Mine verwenden müssen, Purepoint wird imho in 2-3 Jahren von Cameco übernommen
Uranextrahierung/Gold
Sparton Resources www.spartonres.ca
Gold in China mit Regierungsbeteiligung, Gold in Nevada, Urangebiete, die eigentliche Phantasie steckt in dem Uranextrahierungsverfahren aus Kohleasche
Gold/Uran/Nickel
Cornerstone Capital http://www.cornerstoneresources.com/s/Home.asp
Beteiligung und JVs an an die 50 Geländen und Projekten in Canada und Ecuador mit Top-Partnern
Merci @Duke!
Was haltet ihr fundamental von Forsys?
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