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[greenhorn]

herzlich Willkommen!!!

 

[golden_times]

Adrian Day: Long-Term Fundamentals Still Good For Gold


The Gold Report
www.theaureport.com


A pioneer in global investing, with a reputation for discovering big winners, Adrian Day gives us his insight on whether he thinks gold has hit the bottom, and what it's going to take to get the juniors going again. He also tells us which juniors he thinks are positioned to weather the slowdown.



Day is President of Adrian Day Asset Management, which manages portfolios in resource and global equities, and the editor of "Adrian Day's Global Analyst."



The Gold Report: So what's your take on where we are with the markets. . .you think we’ll see a change soon?

Adrian Day: People are still very, very concerned about the dollar and inflation, and rightly so. The core CPI numbers were up .7% in one month. That’s a high number and the precise number may be a monthly anomaly, but it’s very clear that the trend in prices is up.

We are seeing a pickup in inflation, not just in the United States— and this is what’s important — but all around the world. I realize, of course, that rising prices are not the same as inflation. But we are seeing rising prices in pretty much all areas of the world, and they are going up faster than the central banks themselves have targeted. With all the credit problems we’ve seen over the last 18 months and all the money that’s been put into the system, I don’t think that’s going to change in the near term. So that’s a bullish sign for gold. Inflation is a factor we haven’t had in the gold market for quite some time.

The dollar is even more important, certainly for the next six to twelve months. And, again, in terms of the long-term fundamentals, I don’t see that anything has changed. All we’re seeing in the dollar is a very overdue correction to the long-term trend.

To me it’s much more a correction in the strength of the Euro than a correction in the weakness of the dollar. I don’t think anyone’s rushing into the dollar because they think our economy is strong and getting stronger. They are perhaps cautious on some of the foreign currencies, which have simply moved too far, too fast. It was an overdue correction, which came a lot later than I thought it would. And it would be a mistake to expect it to turn around after just a couple of weeks.

But if we look at the long-term fundamentals, the U.S. economy is still fundamentally weak and it seems like with every passing week there’s more bad news that’s worse than the news before. We are a long way from the bottom in both the economic decline and the credit crisis in the U.S., and there’s no particular end in sight.

The dollar has to go down over the next 12 months and that’s going to be positive for gold, no question. The low interest rates and the higher inflation numbers mean that at the short end we have negative rates right now. There might be a bit of a lag, but negative rates are always bullish for gold.

TGR: September is here. The Canadians are going to be returning from summer holiday. Do you think this year is going to be similar to past cycles, where in the fall we see increases in gold purchases and the juniors, or do you think there’s going to be a disconnect this time?

AD: That’s a good question and a bit imponderable. Usually it’s very strong in the fall, and we should have already bottomed. What’s happened this time that’s different is we’ve got the dollar correction and, a correction in the strong Canadian dollar as well.

And that’s come at the time when you would otherwise expect gold and gold stocks to be seasonally strong. Canada has housing problems and credit problems like the U.S., although not to the same extent. There might be a different mood this time and there’s no evidence so far that we’re seeing buying returning to the junior sector. And, remember, it’s not as though the juniors were strong before the summer started, so I’m a bit concerned that we may not see that increase in the junior market.

With gold itself, the weaker dollar does actually have one huge benefit — an obvious one — which is that it makes physical buying of gold actually cheaper. The Indian market especially tends to be fairly price sensitive. When gold went over the $950 level on the way to over $1,000, there was very strong evidence that the Indians started holding back purchasing. Now that gold has fallen under $850 again in the last few weeks, there’s evidence that the Indians have started buying again in heavy numbers. So a stronger dollar will actually help the gold market, but it may not help the gold stocks.

TGR: So you’re saying the stronger dollar would help ETFs, coins or actual bullion?

AD: It would help those because of foreign buying. I don’t know about gold coins, but it would certainly help the ETF, of course, which simply reflects physical gold.

TGR: Do you own, in your portfolios, any ETFs?

AD: The one we buy is streetTracks Gold ETF (GLD) which is the largest and most liquid. We also own Central Fund of Canada (CEF), which is not an ETF, of course, but it’s similar. Not in huge amounts, but we do. It depends on the client and it also depends on the time. We are buying.

TGR: So we've got political crises, major deficits, and central banks printing money. You would think gold would be at an all-time high. What type of event has to occur to change this? It seems like we’re in a perfect storm.

AD: It's important to give it some historical perspective. There have been a lot of graphs appearing recently showing how gold broke through its 50-day moving-average, then its 100-day moving, and finally its 200-day moving-average. I looked back to the middle of 2000, however, and what really stood out on that graph was that for four or five years gold moved up and down, but very close to a basic straight line, a trend line that was moving steadily upward.

And then at the end of ’05, it started moving above that trend line, until in the middle fall of ’07, it just shot up. What is happening right now is reversion to the mean. Gold simply overshot – it wasn’t necessarily completely clear to all of us in the gold market, watching it day-by-day, week-by-week, month-by-month.

Taking a longer-term look, it becomes abundantly clear the gold way overshot and went parabolic. Now it’s simply coming back to that long-term trend line. So I’m not overly concerned about gold.

The seasonal thing has thrown all this for a loop. If this had all happened three or four months ago, I’d have been firmer in what I was saying. I don’t think we can necessarily expect it to turn around suddenly after the kind of damage that has been done. I don’t think a particular event’s going to do it.

Going back to the long-term graph, if gold just does some time between, say, $750 and $870 or so, whether it’s three to five weeks or maybe two or three months, gold will be ready to move back up again because all the fundamentals favor gold. The bigger concern for us is the gold stocks. And you have to look at the seniors separately than the juniors.

It’s a little easier to see all the reasons why the senior gold stocks as a group, with some exceptions, of course, have not really kept up with gold. The gold miners have not had such an easy time of it of late.

It’s been more difficult to raise money and get permits. Permits have been delayed, mines have been expropriated. Mining is a much more difficult business than it was and it’s much more costly. So as gold moved up, so too did all of the input costs; primarily, energy, which is the number one input, and number two, the costs in local currencies: the Australian dollar, Brazilian Real, Canadian dollar — all of those are very strong currencies in big gold mining countries. So the margins were not expanding the way that you would think they were.

And that’s only talking about the cash cost of producing an ounce of gold out of a producing mine. There's also keeping a sustaining business going, finding a new deposit, etc.

The juniors are the more problematic because, in most cases, there simply isn't volume in these stocks. The occasional stock will do well based on some particular exciting prospect, but they are becoming increasingly few and far between.

As we all know, the irony is that sometimes companies will release relatively good news and the stock goes down. It just reminds people that they own the thing. And then there are other companies, of course, that don’t have particularly good news to put out. There just isn't any volume; the only volume I see are in stocks that are going down.

So the question really is when that is going to change and what we do about it. Certainly, if gold goes back over $950 or $900 and stays there, we’ll see more interest, especially if everything else is still relatively weak. Typically, people are attracted to the gold stocks when gold is strong and other things are not so strong. But if the tech stocks are strong and the Dow is strong, people tend not to invest in junior gold stocks to the same extent. Similarly, if gold is strong, but everything else is very weak and people are worried about the overall environment and looking for liquidity, you can’t expect the junior gold stocks to get that liquidity. That’s fairly obvious.

The other thing that’s going to happen increasingly is larger companies taking over juniors and explorers. We know they are looking; they need the reserves and many of the explorers are very inexpensive. A few takeovers in rapid succession will likely bring interest back to the sector.

The good thing is that investors can buy truly good quality juniors at remarkably cheap prices. If you can focus on companies that you know don’t have to raise money and they’re cheap and you’re patient, you're going to do very, very well indeed. Look at Virginia Gold Mines [TSX: VGQ], with a $116.5 million market cap. Its market cap is more than covered by its cash and its royalty on Éléonore, which is an advanced royalty, so it doesn’t depend on Goldcorp putting Éléonore into production. It’s trading at less than the market cap of those two things and Virginia never has to raise another penny. I just can’t see how you have a lot of fundamental risk in that.

Rimfire Minerals Corp. [TSX.V: RFM] would be another one. Look at Rimfire, $19 million market cap today, $9 million in cash. Again, difficult to know how a year from now that’s not going to be higher… or at least it’s not going to be significantly lower. And there’s more like that.

TGR: The company that looks exciting to me is Franco Nevada Corp. [FNV:CA], which is involved with two areas that are the future, gold and energy. What would you say about Franco Nevada?

AD: I agree with you completely. They’ve got a very strong balance sheet. Equally importantly, they have access to capital. They can raise more money if they need to without heavy dilution and, of course, you’ve got some of the smartest people in the business running it.

On their last investor conference call they were talking about how this environment is going to prove good for them. A lot of companies are knocking on their door asking for them to create royalties as financing mechanisms. There are two basic forms of royalties. One is pre-existing royalties, where a company like Franco or Royal Gold might buy a royalty that already exists. But the second way of getting a royalty is to actually create a royalty from a junior that’s looking for financing. And for the junior, selling a royalty can be a less dilutive way of getting financing for a project.

Franco said they are not actually in any hurry, and are looking for the very good deals that are going to come along over the next few months. The point I’m making is that these are really first-class value investors and they’re prepared to be patient; they’re going to make very good decisions when they make them. I like Franco a lot. Its price is only 1.2 times book, which is really quite cheap for a gold company and particularly cheap for such a good quality one. We were buying it today, I should disclose.

What I’m looking for in this market are companies where one can have very high level of confidence and the absolute risk of the company is low regardless of what the potential upside might be. That confidence comes from a strong balance sheet as well as good management and a diversity of assets. Franco Nevada fits the bill to a T.

TGR: A company you haven’t talked about before, but I know it’s one that you also like is Cartier Resources [TSX-V: ECR].

AD: One of the reasons I haven’t mentioned it is because they’re so thinly traded and I’d like to buy everything I want to buy before I talk about it to other people. We bought more Cartier today. It a $6.5 million market cap; it’s very, very thin.

I like Cartier. It’s got a very strong business model, which is the joint venture prospect generator model. It’s got a strong balance sheet. It focuses not exclusively on Quebec, but on Quebec and on the eastern part of Toronto. . .so good jurisdictions, good mining camps. The main Kinojevis is a fairly long property with gold mines on either side of it and it looks as though it’s a long trend. They own 100% of it, but they’re considering partnering parts of the property. Another one that’s similar in many ways is Midland Exploration [TSX.V:MD], which we also own. It has a $12 million market cap, and again, on a 60-cent share, we’re not talking about a lot of volume.

It’s all in Quebec. It’s diversified — not just gold, but gold-based metals and uranium. They have a gold project with Agnico-Eagle (AEM); base metals with Breakwater. They have a good balance sheet. Midland is in the position where on their current business plan they would never have to raise another penny. Their overhead’s been covered by joint venture payments and they’re doing the work at the moment, but they will never have to raise anymore money unless they want to, which is a very good position to be in.

TGR: Switching gears, switching to gems, Motapa Diamonds [TSX:MTP]. This stock has been going the opposite way of the market lately. It’s had a nice little move since June.

AD: Motapa’s clearly speculative. All diamonds are highly speculative because you’re looking for a few big stones. Motapa also has a joint venture model on their properties throughout Africa with large companies and small. They have a project called Mothae, which is near the big diamond deposit near Lesotho. The Mothae deposit is a joint venture with Lucara Diamond Corp. [TSX-V: LUC]. Lucara is basically a Lundin company and it has nothing else in it and there’s been a lot of speculation recently that Lundin might simply take over Motapa. Certainly on a risk-reward basis and certainly if Motapa were to ever find economic diamonds, it is just remarkably cheap. As I say, the risk tends to be high in these things, but the potential is also high.

TGR: Going to Nevada, can you talk about Allied Nevada Gold Corp. [TSX:ANV], which was a spinoff from Vista? What’s the attraction there? Not having to raise money?

AD: They certainly don’t have to raise money. They’ve got something like $51 million right now. They did do a financing earlier in the year, which was largely to raise more money for the Hycroft Mine that they’re putting into production. The idea is that Hycroft will be put into production by the end of the year and will generate enough cash flow to basically pay for some of the rest of their exploration of the sulphides at Hycroft, and elsewhere.

They’ve got one of the largest land packages in Nevada. It was a merger of all of Vista’s Nevada properties and a private land package put together by Carl Pescio. The key is that Hycroft is going to enable them to have the cash flow to do all this without more capital raisings unless, again, there’s a particular reason for it. So they have good people, good money, a lot of property. I think they’re going to succeed and Hycroft should be quite a good cash flow generator. So I like Allied a lot.

One more I like… it’s almost an embarrassment of riches. It’s just a question of when they are going to move. I still like Miranda Gold Corp. [MAD:TSX-V]. It’s awfully cheap, very thinly traded again, but it’s a $21 million market cap. It’s got about $12 million in cash, and several joint ventures. They follow the prospect joint venture model. They don’t have to raise any more money, unless they have a particular purpose.

They had a string of bad luck last year with some of their joint venture partners deciding not to renew their joint ventures and a few disappointing results on some of their projects. But, you know, in the last six months, even though the market was going against them, they’ve tied down joint ventures on pretty much all of their properties, most of which are in Nevada, and several of them are drilling.

There are four of them that are going to be drilled for sure before the end of the year. It’s difficult to see how you can go seriously wrong from here. And with various partners, a lot of properties, the odds of them being successful at some point are, let’s say, much higher than for most.

TGR: Adrian, this has been great per usual. We appreciate it.

 

[dukezero]

Advanced Explorations Inc. Intersects 48 metres of 30.6% Iron
ADVANCED EXPLORATIONS INC AXI
9/4/2008 10:33:02 AM
TORONTO, Sep. 4, 2008 (Canada NewsWire via COMTEX News Network) --

Advanced Explorations Inc. (the "Company or AEI") is pleased to announce new assay results from drilling on its Roche Bay project in Nunavut, Canada. During the 2008 drill program over 16,000 metres of NQ sized (45 mm) diamond drilling has been completed along nearly 5 kilometres of strike length on the C Zone Banded Iron Formation ("BIF") structure.

Drill hole RBC-08-62, drilled on section 10400N, has intersected 48 metres of 30.6% iron within a broader interval of 326 metres of BIF that assayed 25.31% iron. The drill hole marks the deepest BIF intercept on the property to date and confirms iron mineralization to depths greater than 550 metres below surface. See the attached table for current drilling details.


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

With drill results beginning to come in more consistently we are
continuing to verify the potential of the property. The C Zone banded
iron formation has now been tested along 5,000 of its 6,000 metres of
strike and locally to depths in excess of 500 metres. Previous
drilling on the A and B zones adds to this potential.
>>

Additionally, partial assays received to date indicate that drill hole RBC-08-60, drilled on section 11200N, has reported 173 metres of a 273 metre intersect of BIF. The 173 metre section reported averaged 26.72% iron.

ON BEHALF OF THE BOARD

John Gingerich, President and CEO


<<
-------------------------------------------------------------------------
Hole Line Coordinate Azimuth Dip From To Interval Iron
Number (N) (E) (m) (m) (m) (% Fe)
-------------------------------------------------------------------------
RBC-08-59 14000 857 305 -45 115.6 133.7 18.1 25.39
-------------------------------------------------------------------------
RBC-08-60 11200 1032 305 -65 254.1 427.6 173.6 26.72
-------------------------------------------------------------------------
* * including 305 * 296.0 322.0 26.0 29.41
-------------------------------------------------------------------------
* * including 305 * 400.0 423.0 23.0 29.55
-------------------------------------------------------------------------
RBC-08-61 9600 800 305 -50 79.9 231.4 151.5 26.39
-------------------------------------------------------------------------
* * including 305 * 103.0 133.0 30.0 28.93
-------------------------------------------------------------------------
* * including 305 * 151.0 191.0 40.0 31.08
-------------------------------------------------------------------------
RBC-08-62 10400 1000 305 -75 246.0 572.0 326.0 25.31
-------------------------------------------------------------------------
* * including 305 * 282.0 330.0 48.0 30.62
-------------------------------------------------------------------------
* * Including 305 * 378.0 412.0 34.0 29.52
-------------------------------------------------------------------------
* * including 305 * 550.0 564.0 14.0 32.97
-------------------------------------------------------------------------
RBC-08-63 13600 900 305 -45 64.1 138.5 74.4 25.85
-------------------------------------------------------------------------
RBC-08-64 9400 625 305 -45 15.7 39.3 23.6 23.53
-------------------------------------------------------------------------
* * and 305 * 66.9 99.0 32.1 27.45
-------------------------------------------------------------------------
RBC-08-65 13600 900 305 -70 98.1 157.2 59.1 25.08
-------------------------------------------------------------------------
>>

Gary Williams P. Geo and VP of Advanced Explorations Inc. is the QP within the meaning of 43-101 and has reviewed and approved the content of this release.

Analysis: All the recent drill core analysis reported in this release was performed by SGS Lakefield Research. At SGS samples are analyzed for total iron using XRF techniques. SGS also undertakes Satmagan analysis to estimate the portion of magnetic iron. The company augments the laboratory QA/QC procedures by selectively adding additional control samples. Core sample intervals for 2007 were 1 metre and increased to 2 metres except where intervals cross geologic boundaries in which case the sample length is adjusted accordingly.

ABOUT Advanced Explorations Inc.

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

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

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

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

SOURCE: Advanced Explorations Inc.

 

[Ollinho]

Willkommen!!!!

Und viel Erfolg hier bei uns!!

golden_times schrieb am 04.09.2008, 16:30 Uhr[/url]"]Guten Abend miteinander,

bin seit Monaten stiller Mitleser in den peketec-Threads, vorallem hier lese ich sehr gerne.
Möchte mich an erster Stelle für die hervorragenden Vorraussetzungen und Begebenheiten hier bedanken:
sachliche, qualitativ hochwertige Postings, sehr informative Berichte und News, respektable und konstruktive Diskussionsformen in einem sehr angenehmen Umfeld.
Dies hat mich dazu animiert aktiv an den Diskussionen hier Teil zu nehmen.

Gruß und ein dickes Lob an alle mitwirkende Mods & User



Topic: LGO

Long zu 0,25€, Top Longstory, Aktie ist massiv überkauft..

 

[greenhorn]

von Largo noch nen Posi gegönnt.............. 8)
steht unterhalb der Kurse bevor Largo überhaupt entdeckt wurde..............

 

[golden_times]

Danke euch

Ollinho schrieb am 04.09.2008, 16:37 Uhr[/url]"]Willkommen!!!!

Und viel Erfolg hier bei uns!!

golden_times schrieb am 04.09.2008, 16:30 Uhr[/url]"]Guten Abend miteinander,

bin seit Monaten stiller Mitleser in den peketec-Threads, vorallem hier lese ich sehr gerne.
Möchte mich an erster Stelle für die hervorragenden Vorraussetzungen und Begebenheiten hier bedanken:
sachliche, qualitativ hochwertige Postings, sehr informative Berichte und News, respektable und konstruktive Diskussionsformen in einem sehr angenehmen Umfeld.
Dies hat mich dazu animiert aktiv an den Diskussionen hier Teil zu nehmen.

Gruß und ein dickes Lob an alle mitwirkende Mods & User



Topic: LGO

Long zu 0,25&#8364;, Top Longstory, Aktie ist massiv überkauft..

 

[golden_times]

Explorer im Red Lake Dc nach der Goldeagle-Übernahme sehr interessant.
Aussichtsreich sind neben den fortgeschrittenen Explorern wie RBY und PG auch dieJuniorexplorer wie HYLK, CYP oder SYH. Diese beginnen die letzten Monate mit Tiefenbohrungen, in denen die profitabelsten Adern vermutet werden. HYLK konnte beispeilsweise den Red Lake Trend schon erfolgreich bestätigen und fokusiert nun die Bohrungen in der Tiefe. Die Mikro-Mks dieser Explorer bieten langfristig lukrative Einstiegsmöglichkeiten.

Ist hier jemand im Red Lake Dc investiert?

dukezero schrieb am 04.09.2008, 13:53 Uhr[/url]"]September 03, 2008
Cypress & Skyharbour Enter Balmer Assemblage on their Bruce Channel / Red Lake Drill Program



Vancouver, BC - Cypress Development Corp. (TSX-V: CYP) (FWB: C1Z) and Skyharbour Resources Ltd. (TSX-V: SYH) are pleased provides an update from the field regarding its ongoing drill program on their Cypress (80%) Skyharbour (20%) owned Broulan Reef property in Red Lake, Northwestern Ontario. The Broulan Reef property is situated along the prolific Red Lake trend, west of Goldcorp Inc&#8217;s operating Red Lake and Campbell Mines, and immediately southwest of the Gold Eagle Mines recent major gold discovery in the Bruce Channel zone.

Bruce Channel Red Lake, Ontario Map

Cypress and Skyharbour&#8217;s drilling indicates they have encountered mafic / ultra mafic units that are found in the Balmer Assemblage series of rocks at approximately 1450 metres. Sulphides are seen to be pervasive throughout the Balmer Assemblage, consisting of mainly phyrrotite, chalcopyrite, pyrite, and arsenopyrite is also present.

Drilling of the main hole has now been competed to 1752 metres and drilling continues with an anticipated depth of this mother hole to approximately 2200 to 2400 metres. Drilling proceeds at a cautious but steady pace. This will ensure that the main hole maintains stability to allow Cypress and Skyharbour to establish a series of wedge off holes from the main hole to properly explore the rocks of the Balmer Assemblage that are now known to host a major gold deposit in the Bruce Channel zone. The companies are pleased with the progress of the drilling over the last several weeks and look to continue with the rate of footage being attained at this time.

In common with Goldcorp's Red Lake mine, Campbell mine, and Cochenour-Willans mine, and the recently announced Gold Eagle Mines major discovery, the Broulan Reef property lies within the Balmer Assemblage. The structural and mineralogical characteristics are similar to the aforementioned mines. Gold can be found in both its native form, as well as within sulphide rich zones.

The plan for this drill program is to explore the southern extension of the Bruce Channel deposit which is being developed by Gold Eagle Mines. The Bruce Channel zone is inferred to extend on strike onto the Cypress and Skyharbour owned Broulan Reef property.

The past year has seen an extensive amount of activity focused on the Bruce Channel. Gold Eagle Mines has continued to drill and expand the discovery zone to the south southwest toward the Broulan Reef property. Goldcorp continues to drill on the north boundary of the Bruce Channel discovery zone near Goldcorp&#8217;s past-producing Cochenour-Willans mine. Cypress and Skyharbour continue to drill on the southern boundary of the Bruce Channel discovery zone.

New Red Lake Gold Deposits Map

On July 31st, Mr. Kevin McArthur, President of Goldcorp, reported that Goldcorp Inc. and Gold Eagle Mines Ltd. have signed an agreement whereby Goldcorp will acquire, through a friendly plan of arrangement, all outstanding shares of Gold Eagle Mines.

Cypress Development&#8217;s and Skyharbour Resources&#8217; Broulan Reef property is now the only property along the productive Bruce Channel trend that is not now controlled by Goldcorp.

David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations, is the qualified person under the meaning of National Instrument 43-101 and has reviewed the data in this News Release.

About Cypress Development Corp.:
Cypress Development Corp. is a diversified precious and base metal exploration and development company with properties in Red Lake, Ontario, Canada, and in Nevada, U.S.A.

To find out more about Cypress Development Corp. (TSX-V: CYP), visit our website at www.cypressdevelopmentcorp.com.

About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE and RAINY RIVER districts of northwestern Ontario, Canada.

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH), visit the Company&#8217;s website at www.skyharbourltd.com.

ON BEHALF OF THE BOARD OF DIRECTORS
&#8220;Don Huston&#8221;



--------------------------------------------------------------------------------


DONALD C. HUSTON
President

 

[dukezero]

greenhorn schrieb am 04.09.2008, 16:43 Uhr[/url]"]von Largo noch nen Posi gegönnt.............. 8)
steht unterhalb der Kurse bevor Largo überhaupt entdeckt wurde..............

» zur Grafik

bei Stockhouse hatte ein Illuminat behauptet,Largo gehörte zu den Abverkäufen des geplatzten Heghefund.

Bei Red Lake schaue ich noch zu.

 

[greenhorn]

das würde allerdings ganz gut in´s Bild passen - nur der Fond müßte ja mal balde fertisch sein

dukezero schrieb am 04.09.2008, 17:01 Uhr[/url]"]

greenhorn schrieb am 04.09.2008, 16:43 Uhr[/url]"]von Largo noch nen Posi gegönnt.............. 8)
steht unterhalb der Kurse bevor Largo überhaupt entdeckt wurde..............

» zur Grafik

bei Stockhouse hatte ein Illuminat behauptet,Largo gehörte zu den Abverkäufen des geplatzten Heghefund.

Bei Red Lake schaue ich noch zu.

 

[dukezero]

Sind alles Aussi Buden!

 

[golden_times]

Stockhouse-Post sorgt für Verwirrung


Quelle: http://www.stockhouse.com/Bullboards/MessageDetail.aspxs=LGO&t=LIST&m=23700012&l=0&pd=2&r=0

"Hi All,

http://www.iht.com/articles/2008/09/03/business/hedge.php

this link shows the holdings of the Ospraie Fund and LGO IS NOT SHOWN THERE:
- Alcoa
- Arch Coal
- Australian Resources Companies -> Ospraie Portfolio
- Great Southern
- Consolidated Rutile
- Iluka Resources
- Emeco Holding
- Mineral Deposits

If someone else has another source, which shows that they had hold or sold LGO pls post the link.

I guess some people tell fairytails to get either
a) your shares cheep or
b) to have a save shorting position.....

Have a nice day
P."

greenhorn schrieb am 04.09.2008, 17:03 Uhr[/url]"]das würde allerdings ganz gut in´s Bild passen - nur der Fond müßte ja mal balde fertisch sein

dukezero schrieb am 04.09.2008, 17:01 Uhr[/url]"]

greenhorn schrieb am 04.09.2008, 16:43 Uhr[/url]"]von Largo noch nen Posi gegönnt.............. 8)
steht unterhalb der Kurse bevor Largo überhaupt entdeckt wurde..............

» zur Grafik

bei Stockhouse hatte ein Illuminat behauptet,Largo gehörte zu den Abverkäufen des geplatzten Heghefund.

Bei Red Lake schaue ich noch zu.

 

[Ollinho]

Was für ein Markt.... -Kopfschüttel-!!!

-ZYT- Nevada Copper

Die Resourcen sprechen für sich! Aber beim aktuellen Umfeld sind nachgewiesen Resourcen kein Kriterium.....

Ansonsten ist die Aktie ein guter Longplay!

greenhorn schrieb am 04.09.2008, 16:43 Uhr[/url]"]von Largo noch nen Posi gegönnt.............. 8)
steht unterhalb der Kurse bevor Largo überhaupt entdeckt wurde..............

» zur Grafik

 

[greenhorn]

reicht mir schon wenn ich meine Produzenten anschaue......................

Ollinho schrieb am 04.09.2008, 17:10 Uhr[/url]"]Was für ein Markt.... -Kopfschüttel-!!!

-ZYT- Nevada Copper

Die Resourcen sprechen für sich! Aber beim aktuellen Umfeld sind nachgewiesen Resourcen kein Kriterium.....

Ansonsten ist die Aktie ein guter Longplay!

greenhorn schrieb am 04.09.2008, 16:43 Uhr[/url]"]von Largo noch nen Posi gegönnt.............. 8)
steht unterhalb der Kurse bevor Largo überhaupt entdeckt wurde..............

» zur Grafik

 

[golden_times]

Platin gegen den Trend stark.
Produzenten können aufgrund des GM nicht profitieren..

 

[dukezero]

dukezero schrieb am 04.09.2008, 16:36 Uhr[/url]"]Advanced Explorations Inc. Intersects 48 metres of 30.6% Iron
ADVANCED EXPLORATIONS INC AXI
9/4/2008 10:33:02 AM
TORONTO, Sep. 4, 2008 (Canada NewsWire via COMTEX News Network) --

Advanced Explorations Inc. (the "Company or AEI") is pleased to announce new assay results from drilling on its Roche Bay project in Nunavut, Canada. During the 2008 drill program over 16,000 metres of NQ sized (45 mm) diamond drilling has been completed along nearly 5 kilometres of strike length on the C Zone Banded Iron Formation ("BIF") structure.Banded Iron Formations (BIF, gebänderte Eisenerze)

Drill hole RBC-08-62, drilled on section 10400N, has intersected 48 metres of 30.6% iron within a broader interval of 326 metres of BIF that assayed 25.31% iron.

Wer die Minenbücher gelesen hat weiss mehr!

 

[Fischlaender]

Hallo @golden_times

ich halte sowohl CYP als auch SYH

golden_times schrieb am 04.09.2008, 16:56 Uhr[/url]"]Explorer im Red Lake Dc nach der Goldeagle-Übernahme sehr interessant.
Aussichtsreich sind neben den fortgeschrittenen Explorern wie RBY und PG auch dieJuniorexplorer wie HYLK, CYP oder SYH. Diese beginnen die letzten Monate mit Tiefenbohrungen, in denen die profitabelsten Adern vermutet werden. HYLK konnte beispeilsweise den Red Lake Trend schon erfolgreich bestätigen und fokusiert nun die Bohrungen in der Tiefe. Die Mikro-Mks dieser Explorer bieten langfristig lukrative Einstiegsmöglichkeiten.

Ist hier jemand im Red Lake Dc investiert?

dukezero schrieb am 04.09.2008, 13:53 Uhr[/url]"]September 03, 2008
Cypress & Skyharbour Enter Balmer Assemblage on their Bruce Channel / Red Lake Drill Program


...

DONALD C. HUSTON
President

 

[golden_times]

Guten Abend

Äußerst interessante Player. Seit wann bist du dabei?
Bin in GC, RBY und HYLK im Red Lake involviert.

Fischlaender schrieb am 04.09.2008, 17:20 Uhr[/url]"]Hallo @golden_times

ich halte sowohl CYP als auch SYH

golden_times schrieb am 04.09.2008, 16:56 Uhr[/url]"]Explorer im Red Lake Dc nach der Goldeagle-Übernahme sehr interessant.
Aussichtsreich sind neben den fortgeschrittenen Explorern wie RBY und PG auch dieJuniorexplorer wie HYLK, CYP oder SYH. Diese beginnen die letzten Monate mit Tiefenbohrungen, in denen die profitabelsten Adern vermutet werden. HYLK konnte beispeilsweise den Red Lake Trend schon erfolgreich bestätigen und fokusiert nun die Bohrungen in der Tiefe. Die Mikro-Mks dieser Explorer bieten langfristig lukrative Einstiegsmöglichkeiten.

Ist hier jemand im Red Lake Dc investiert?

dukezero schrieb am 04.09.2008, 13:53 Uhr[/url]"]September 03, 2008
Cypress & Skyharbour Enter Balmer Assemblage on their Bruce Channel / Red Lake Drill Program


...

DONALD C. HUSTON
President

 

[golden_times]

Dollarstärke reißt Edelmetalle nach unten..

 

[Ollinho]

Ja echt abartig was für eine Verunsicherung und teilweise Panik im Sektor herrscht.....

Da müssen wir jetzt durch....

greenhorn schrieb am 04.09.2008, 17:11 Uhr[/url]"]reicht mir schon wenn ich meine Produzenten anschaue......................

Ollinho schrieb am 04.09.2008, 17:10 Uhr[/url]"]Was für ein Markt.... -Kopfschüttel-!!!

-ZYT- Nevada Copper

Die Resourcen sprechen für sich! Aber beim aktuellen Umfeld sind nachgewiesen Resourcen kein Kriterium.....

Ansonsten ist die Aktie ein guter Longplay!

greenhorn schrieb am 04.09.2008, 16:43 Uhr[/url]"]von Largo noch nen Posi gegönnt.............. 8)
steht unterhalb der Kurse bevor Largo überhaupt entdeckt wurde..............

» zur Grafik

 

[Kesso]

Ich heisse dich auch herzlich willkommen golden_times
Viel Spaß und Erfolg

 

[golden_times]

Danke

Angevol schrieb am 04.09.2008, 17:39 Uhr[/url]"]Ich heisse dich auch herzlich willkommen golden_times
Viel Spaß und Erfolg

 

[greenhorn]

wenn dein Name Programm ist , dann wird allet juuuuuuuut!

golden_times schrieb am 04.09.2008, 17:44 Uhr[/url]"]Danke

Angevol schrieb am 04.09.2008, 17:39 Uhr[/url]"]Ich heisse dich auch herzlich willkommen golden_times
Viel Spaß und Erfolg

 

[golden_times]

Werde mir größte Mühe geben

greenhorn schrieb am 04.09.2008, 17:51 Uhr[/url]"]wenn dein Name Programm ist , dann wird allet juuuuuuuut!

golden_times schrieb am 04.09.2008, 17:44 Uhr[/url]"]Danke

Angevol schrieb am 04.09.2008, 17:39 Uhr[/url]"]Ich heisse dich auch herzlich willkommen golden_times
Viel Spaß und Erfolg

 

[dukezero]

Wenn Dein Name Program ist,-

greenhorn schrieb am 04.09.2008, 17:51 Uhr[/url]"]wenn dein Name Programm ist , dann wird allet juuuuuuuut!

golden_times schrieb am 04.09.2008, 17:44 Uhr[/url]"]Danke

Angevol schrieb am 04.09.2008, 17:39 Uhr[/url]"]Ich heisse dich auch herzlich willkommen golden_times
Viel Spaß und Erfolg

 

[golden_times]

Auf goldene Zeiten

dukezero schrieb am 04.09.2008, 18:01 Uhr[/url]"]Wenn Dein Name Program ist,- » zur Grafik

greenhorn schrieb am 04.09.2008, 17:51 Uhr[/url]"]wenn dein Name Programm ist , dann wird allet juuuuuuuut!

golden_times schrieb am 04.09.2008, 17:44 Uhr[/url]"]Danke

Angevol schrieb am 04.09.2008, 17:39 Uhr[/url]"]Ich heisse dich auch herzlich willkommen golden_times
Viel Spaß und Erfolg

 

[dukezero]

Gutes Team hier!

 

[golden_times]

Press Release Source: Alhambra Resources Ltd.

Positive Diamond Drill Results From Uzboy Gold Deposit

Thursday September 4, 6:00 am ET

CALGARY, Sept. 4 /CNW/ - Alhambra Resources Ltd. ("Alhambra" or the "Corporation") is pleased to announce the results for 11 diamond drill holes ("DDH") from the West and East zones of the Uzboy gold deposit located in north central Kazakhstan.

Mr. John Komarnicki, President and CEO of Alhambra stated, "We are very pleased to announce that our diamond drill results at Uzboy continue to be successful in intersecting significant gold mineralization. Our latest drill results have extended the limits of the gold mineralization and we have encountered several holes in the East zone which have intersected a significant number of gold mineralized intervals. In addition, the Preliminary Economic Assessment ("Scoping Study") expected by the end of September, will not include any of the 2008 diamond drill results."

Diamond Drilling Results

The results for 11 additional DDH (2,553 metres ("m")) completed on the Uzboy gold deposit are being announced. The analytical results and collar locations of the 11 DDH are set out in Table 1 and shown in Figure 1. The weighted average gold grades of the mineralized intervals shown in Table 1, range from 0.21 grams per tonne ("g/t") in the oxide mineralization to 9.82 g/t in the primary mineralization, and are based on atomic absorption analysis and a 0.20 g/t gold cutoff.

a) West Zone

The objective of the diamond drilling was to test the strike extension of previously reported mineralized intervals on Profiles 69 and 73. The diamond drilling completed on these Profiles intersected multiple intervals of lower-grade gold mineralization in sheared and altered andesitic volcanics. Each mineralized interval contained at least one sample with higher grade gold mineralization. The zone of gold mineralization on these profiles has been extended to 375 m below surface and is open at depth. DDH 104 was drilled at the north end of the West zone and is interpreted to have drilled over the top of the mineralization.

b) East Zone

The diamond drilling on the East zone confirmed the continuity of the gold mineralization along strike and down dip in the southwest portion of the East zone. Due to the shallow nature of the drilling program, these drill holes intersected multiple intervals of oxide and several intervals of transitional and primary gold mineralization. The zone of mineralization intersected on Profiles 14, 18 and 22 is open at depth. Several of the DDH intersected multiple intervals of gold mineralization which to date, has not been characteristic of the mineralization in the East zone. Of particular interest is DDH 184 which intersected six intervals of gold mineralization with a cumulative total of 54 m of mineralization.

Scoping Study

Over the last two years, an extensive amount of diamond drilling has been completed on the Uzboy gold deposit. This drilling has been successful in extending the zones of gold mineralization in the West and East zones along strike and depth. The drilling results reported in 2006 and 2007 were incorporated into an updated current mineral resource estimate with an effective date of December 31, 2007. The current resource estimate is the basis for the Scoping Study currently being completed by ACA Howe International Ltd., the Corporation's independent geological consultants. Alhambra anticipates that the Scoping Study will be completed before the end of September 2008.

The purpose of the Scoping Study is to assess the economic potential of the gold resources contained in the Measured and Indicated resource categories of the Uzboy gold deposit. The results of a positive Scoping Study are expected to identify the additional work necessary to complete a pre-feasibility study on the Uzboy gold deposit.

Table 1 - Uzboy Gold Deposit Drilling Results

-------------------------------------------------------------------------
Grade Mineral-
Sec- DDH Azi- From To Interval Au ization
Zone tion No. Length muth Dip (m) (m) (m) (g/t) Type
-------------------------------------------------------------------------
West 10 104 150.00 315 -60 No Significant Mineralization
-------------------------------------------------------------------------
69 694A 476.00 135 -60 331.00 339.00 8.00 2.22 PRIMARY
-------------------------------------------------------------------------
411.00 422.00 11.00 1.11 PRIMARY
-------------------------------------------------------------------------
incl-
uding 421.00 422.00 1.00 8.00 PRIMARY
-------------------------------------------------------------------------
73 733 530.00 135 -60 422.00 445.00 23.00 1.62 PRIMARY
-------------------------------------------------------------------------
incl-
uding 431.00 439.00 8.00 3.82 PRIMARY
-------------------------------------------------------------------------
73 732 500.00 134 -60 351.00 381.00 30.00 0.67 PRIMARY
-------------------------------------------------------------------------
incl-
uding 366.00 367.00 1.00 4.10 PRIMARY
-------------------------------------------------------------------------
incl-
uding 372.00 374.00 2.00 2.30 PRIMARY
-------------------------------------------------------------------------
408.00 413.00 5.00 3.53 PRIMARY
-------------------------------------------------------------------------
incl-
uding 408.00 409.00 1.00 8.70 PRIMARY
-------------------------------------------------------------------------

East 14 142 105.20 313 -60 0.00 36.00 36.00 0.59 OXIDE
-------------------------------------------------------------------------
incl-
uding 0.00 16.00 16.00 1.06 OXIDE
-------------------------------------------------------------------------
77.00 105.20 28.20 0.82 TRAN-
SITION/
PRIMARY
-------------------------------------------------------------------------
14 144 100.10 312 -60 5.00 20.00 15.00 0.25 OXIDE
-------------------------------------------------------------------------
42.00 58.00 16.00 0.72 OXIDE
-------------------------------------------------------------------------
14 146 111.00 315 -60 38.00 50.00 12.00 0.21 OXIDE
-------------------------------------------------------------------------
56.00 82.00 26.00 0.69 OXIDE/
TRAN-
SITION
-------------------------------------------------------------------------
incl-
uding 68.00 70.00 2.00 5.22 OXIDE/
TRAN-
SITION
-------------------------------------------------------------------------
18 184 130.20 315 -60 0.00 3.00 3.00 0.40 OXIDE
-------------------------------------------------------------------------
9.00 29.00 20.00 0.60 OXIDE
-------------------------------------------------------------------------
incl-
uding 13.00 23.00 10.00 0.97 OXIDE
-------------------------------------------------------------------------
40.00 46.00 6.00 2.03 OXIDE
-------------------------------------------------------------------------
incl-
uding 42.00 43.00 1.00 9.82 OXIDE
-------------------------------------------------------------------------
73.00 79.00 6.00 0.95 OXIDE
-------------------------------------------------------------------------
incl-
uding 77.00 78.00 1.00 4.80 OXIDE
-------------------------------------------------------------------------
98.00 111.00 13.00 0.37 OXIDE/
TRAN-
SITION
-------------------------------------------------------------------------
120.80 127.00 6.20 1.36 PRIMARY
-------------------------------------------------------------------------
18 185 190.00 315 -60 24.00 31.00 7.00 0.74 OXIDE
-------------------------------------------------------------------------
93.00 96.00 3.00 3.17 OXIDE/
TRAN-
SITION
-------------------------------------------------------------------------
116.00 122.70 6.70 0.82 PRIMARY
-------------------------------------------------------------------------
152.00 157.00 5.00 0.50 PRIMARY
-------------------------------------------------------------------------
22 224 100.00 314 -60 0.00 20.00 20.00 0.64 OXIDE
-------------------------------------------------------------------------
incl-
uding 16.00 18.00 2.00 3.13 OXIDE
-------------------------------------------------------------------------
47.00 51.00 4.00 1.00 OXIDE
-------------------------------------------------------------------------
81.00 86.00 5.00 1.13 TRAN-
SITION/
PRIMARY
-------------------------------------------------------------------------
95.00 98.00 3.00 2.53 PRIMARY
-------------------------------------------------------------------------
22 225 160.00 314 -60 54.80 60.00 5.20 0.84 OXIDE/
TRAN-
SITION
-------------------------------------------------------------------------
109.00 111.00 2.00 0.55 PRIMARY
-------------------------------------------------------------------------

Note: True thickness of the mineralized interval cannot be determined at
this time.

Figure 1 - Uzboy Gold Deposit: Diamond Drill Hole Location Map (see map
at the following link: http://files.newswire.ca/483/UGold_Deposit.doc)

Diamond Drilling and Sampling Procedures

Diamond drilling is completed using a 76 mm diameter core barrel. Core recovery is estimated to be greater than 97%. After cutting with a diamond saw, one half of the core is collected for sample preparation and analysis and the other half is retained for future reference. Sample intervals were selected based on lithologies and intensity of alteration. The sample interval and sample weight averaged one-meter and 2.0 kilograms respectively. Sample preparation was completed by Chemical and Analytical Laboratory Quartz LLP located in Stepnogorsk, Kazakhstan using the following procedure: core samples were pulverized in a jaw crusher to minus 1 mm, mixed and split into two 0.75 kilogram sub-samples. One sub-sample is ground to - 200 mesh and the other sub-sample is retained for reference purposes. A 10 gram sample of the -200 mesh material is used for atomic absorption analysis and the balance is retained for fire assaying and reference purposes. Chemical and Analytical Laboratory Quartz is independent of Alhambra and is certified in the Republic of Kazakhstan but does not have an International Standard Organization ("ISO") rating.

Quality Control

Alhambra follows a rigorous Quality Assurance/Quality Control program consisting of inserting standards, blanks and duplicates into the sample stream submitted to the laboratory for analysis.

Elmer B. Stewart, MSc. P. Geol., a director of Alhambra and a technical consultant, is the Corporation's nominated Qualified Person. Mr. Stewart has reviewed and verified the technical information contained in this news release.

About Alhambra

Alhambra is a Canadian based gold exploration and production corporation engaged in the exploration of and production from its 100% owned Uzboy Project. Alhambra is currently celebrating its seventh year of operations in the Republic of Kazakhstan.

Alhambra shares trade in Canada on The TSX Venture Exchange under the symbol ALH and in Germany on the Frankfurt Open Market under the symbol A4Y. The Corporation's website can be accessed at www.alhambraresources.com

The TSX Venture Exchange Inc. has neither approved nor disapproved the
information contained herein. For further information please contact:

This news release contains forward - looking information including but not limited to comments regarding the timing and content of upcoming work programs and geological interpretations. Forward - looking information includes disclosure regarding possible future events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. For any forward looking information given, management has assumed that the analytical results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. For such statements, we claim the safe harbor for future.

For further information
Ihor P. Wasylkiw, Chief Information Officer, (403) 508-4953
Jim Clarke, Investor Relations, (888) 290-1335 (Toll Free)

 

[Ollinho]

Was wird hier bei uns im kleinen Kreis erst für ne Stimmung herrschen wenn der Sektor wieder outperformt ??? :D .......

dukezero schrieb am 04.09.2008, 18:18 Uhr[/url]"]Gutes Team hier!

 

[golden_times]

Aurelian Shareholders Tender to Kinross Gold

By Canadian Press
04 Sep 2008 at 11:18 AM GMT-04:00

Shareholders of miner Aurelian Resources Inc. (ARU) have tended their shares to Kinross Gold Corp.'s (K) $1.2 billion bid.
TORONTO (CP) -- Kinross said 108.5 million shares were tendered to the bid, giving it a 74.8% stake in Aurelian. That figure will rise to 80.8% when all options are exercised.

Kinross has also extended its offer for the remaining shareholders to Sept. 15.

The all-stock transaction is expected to expand Kinross' development properties, adding a major project in Ecuador &#8212; in particular the Fruta del Norte deposit, which contains an estimated 13.7 million ounces of contained gold and 22.4 million ounces of silver.

On the TSX Thursday, Kinross shares traded down 17 cents or one per cent at $15.40. Aurelian stock fell four cents to $5.29.

© Canadian Press

 

[Ollinho]

Wie gesagt keine schlechten Ergebnisse....


Sep 04, 2008 08:30 ETNevada Copper Reports Significant Project Developments
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2008) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper") announces significant developments and progress at its Pumpkin Hollow Copper Property located in Western Nevada including:

- 17,000 meters of drilling completed to date, including 3,000 meters of hydrological and geotechnical drilling;

- Third drill rig added;

- Iron deposit metallurgical test-work underway;

- 16,000 meters of historic core being assayed for gold, silver and molybdenum; and,

- Permits submitted

Infill and Step-out Drilling Program

In excess of 40,000 meters of drilling is scheduled to be completed in 2008 on the Pumpkin Hollow Copper Property. Initial drilling this spring focused primarily on metallurgical, geotechnical and hydrological drilling to support project design and permitting. To date, 17,000 meters has been drilled including 14,000 meters of infill and step-out drilling on the copper deposits and 3,000 meters of hydrological and geotechnical drilling to support mine design. The current work program including an additional 23,000 meters of drilling this fall will be incorporated into an updated resource estimate followed by the commencement of a Definitive Feasibility Study ("Feasibility Study") by the 4th quarter of 2008.

A total of 14,000 meters of resource drilling has been completed in 37 holes to date. A third drill rig has been recently added this month to support the mineral resource drilling program. The program is designed to convert inferred mineable resources to measured and indicated in advance of the Feasibility Study in addition to ongoing step-out drilling on the copper deposits. Results from 8 holes have been reported with the balance either being processed or awaiting assaying. Further drill results will be released as they become available throughout the remainder of 2008.

Geotechnical drilling totaled 1,600 meters and was directed towards optimizing the shaft location for the exploration and development of the high grade underground East and E2 deposits. Hydrological drilling of 1,400 meters included the installation of an additional four monitor holes strategically located up and down gradient for collection of baseline data for overall project permitting and design.

Iron Deposit Metallurgical Testwork

Nevada Copper's Pumpkin Hollow Deposit contains a significant open pittable NI 43-101 compliant iron resource of 255 million ton at a grade of 35% Fe. Metallurgical drilling took place on the magnetite rich zones of the South Deposit to provide confirmatory iron beneficiation data to augment the detailed metallurgical testwork done on the copper deposit in 2007.

Over 25 tons of high magnetite mineralization was collected for bulk pilot scale testing. The drilling also confirmed the grade, thickness, and continuity of mineralization. Currently samples are undergoing bench scale testing at the University of Minnesota's Coleraine Minerals Research Laboratory in order to optimize design parameters for the pilot scale test planned for later this fall.

Drill results announced here represent true thicknesses.




SOUTH DEPOSIT IRON DEPOSIT METALLURGICAL DRILLING - Iron greaterthan 20% Fe---------------------------------------------------------------------Drill Hole From To Length Length Copper Gold Silver Iron# (m) (m) (m) (ft) (%) (g/t) (g/t) (%)---------------------------------------------------------------------NC08-17 85.3 237.7 152.4 500 0.14 0.025 1.0 50.1---------------------------------------------------------------------NC08-21 201.1 208.7 7.6 25 0.008 0.017 1.2 40.2--------------------------------------------------------------------- 222.5 277.4 52.9 180 0.010 0.043 1.1 38.6---------------------------------------------------------------------NC08-26 67.1 272.8 205.7 675 0.11 0.010 0.9 55.1---------------------------------------------------------------------



An additional 14 tons of sample material was collected for iron metallurgical testing, should it be necessary from historic core reject secured and stored at a Provo, Utah warehouse.

Re-Assay Program

Sampling of historic core holes continued, with over 4,100 core reject samples collected from 94 holes for a total of 16,000 meters of drilling. The recent sampling represents cost savings of approximately $4 million to the Company when compared to current core drilling costs. These particular samples were stored in a U.S. Steel warehouse located in Provo. The drill samples were boxed, cataloged, and stored since the 1960's and 1970's. This program focused on ore intervals that lacked gold, silver, and molybdenum assays. Much of the initial historic drilling only assayed for iron and copper. The samples were collected by personnel from North American Exploration of Kaysville, Utah under the supervision of Nevada Copper staff. The samples are being delivered to American Assay Laboratories of Reno for analysis.

Permitting

Nevada Copper has prepared and submitted permit applications to regulatory authorities for its advanced exploration/development program which includes the installation of shaft access to the East and E-2 underground deposits. Shaft and facility design is currently in progress. Approval for the advanced/development permit is anticipated by the fourth quarter of 2008.

About Nevada Copper

Nevada Copper is an emerging copper company, responsibly developing its advanced stage Pumpkin Hollow copper-iron property into Nevada's next copper mine.

Nevada Copper announced robust economic results from an NI 43-101 compliant Preliminary Economic Assessment ("PEA") in March, 2008. The PEA evaluates an integrated underground and open pit mining operation with a standard milling and floatation plant that will produce high-grade copper concentrates. Annual production will average 95,000 tons of copper per year over a mine life exceeding 20 years. Highlights from the PEA at copper prices from $1.75 to $3.00 per lb. copper are as follows:

- Net present Value: $765 Million to $1.9 Billion with an 8% discount rate;

- Internal Rate of Return: 20.5% to 29.3%;

- Operating Cost: $0.57/lb of copper, direct and $1.02/lb total, net of by-product credits;

- Capital Cost Estimate: $665 Million before contingencies and working capital, $780 inclusive;

- Project payback from start of construction: 3.1 to 4.8 years

The designed mining operation would have a 60,000 ton per day concentrator throughput. Metallurgical recoveries are estimated at 89% for copper, 70% for gold and 68% for silver.

In November 2007, Nevada Copper updated its National Instrument 43-101 compliant resource estimate. At a 0.2% copper cutoff grade, the measured and indicated copper resource is 3.96 billion pounds of copper, contained in 343 million tons grading 0.58% copper and 635 thousand ounces of gold and 26.6 million ounces of silver. An inferred copper resource of 3.91 billion pounds of copper is contained in 438 million tons grading 0.45% copper and 647 thousand ounces of gold and 30.1 million ounces of silver. Additionally, there are also potentially open-pittable iron resources of 144 million tons of contained iron in 656 million tons at an average grade of 22 per cent iron at an iron cut-off of 10 per cent.

Within these large resources is a significant high grade copper resource in the East and E2 deposits. Using a 0.75% copper cutoff grade, the measured and indicated resources contain 1.2 billion pounds of copper in 41.6 million tons of material grading 1.46% copper and, in addition, the inferred resource contains 635 million pounds of copper within 25.3 million tons grading 1.25% copper.

Nevada Copper continues its systematic fast-track program to develop its advanced stage Pumpkin Hollow Property with the resource delineation drilling program, metallurgical, geotechnical, hydrological, condemnation data and environmental baseline data for purposes of a Feasibility Study planned to commence in 2008.

The Pumpkin Hollow project is under the supervision of Gregory French, CPG #10708, a Qualified Person as defined in Canadian National Instrument 43-101, who is responsible for the preparation of the technical information in this news release. All assaying and whole rock geochemistry is processed at the American Assay Laboratories (AAL) in Reno, Nevada. Samples are delivered from the project core logging facility to AAL by Nevada Copper or AAL personnel. A Quality Assurance and Quality Control Assay Protocol have been implemented whereby blanks and standards are inserted into the assay stream and check samples are sent to Chemex-Reno and Inspectorate-Reno laboratories.

Nevada Copper has 40.6 million shares outstanding and is well financed with no debt. For additional information about Nevada Copper please visit our website at www.nevadacopper.com.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.




For more information, please contact

Nevada Copper Corp.
Eugene Toffolo
Corporate Communications
(604) 681-5755 or Toll Free: 1-877-687-5755

or

Nevada Copper Corp.
Giulio T. Bonifacio
President & CEO
(604) 699-0023
Email: info@nevadacopper.com
Website: www.nevadacopper.com Click here to see all recent news from this company

Ollinho schrieb am 04.09.2008, 17:10 Uhr[/url]"]Was für ein Markt.... -Kopfschüttel-!!!

-ZYT- Nevada Copper

Die Resourcen sprechen für sich! Aber beim aktuellen Umfeld sind nachgewiesen Resourcen kein Kriterium.....

Ansonsten ist die Aktie ein guter Longplay!

greenhorn schrieb am 04.09.2008, 16:43 Uhr[/url]"]von Largo noch nen Posi gegönnt.............. 8)
steht unterhalb der Kurse bevor Largo überhaupt entdeckt wurde..............

» zur Grafik