Rohstoffthread / CCG-Hauptthread

[dukezero]

Genau, mit der Harfe gedroht!!

greenhorn schrieb am 05.12.2011, 10:26 Uhr[/url]"]bin gespannt - Anfahrt war mir ein wenig zu weit, ansonsten wäre ich persönlich aufgekreuzt

k8003 schrieb am 05.12.2011, 10:08 Uhr[/url]"]Guten Morgen

Ein konkretes Datum steht noch nicht fest. Nur die üblichen Vermutungen auf SH.
Dachte nur, da ja heute Aktionärsversammlung ist, könnte etwas bekannt gegeben werden.

greenhorn schrieb am 05.12.2011, 09:18 Uhr[/url]"] Guten Morgen!

steht eine Wiederaufnahme des Handels schon irgenwie fest`?

k8003 schrieb am 03.12.2011, 13:12 Uhr[/url]"]CFO

NOTICE is hereby given that the Annual and Special Meeting (the “Meeting”) of the holders of common
shares (the “Common Shares”) of CLIFTON STAR RESOURCES INC. (the “Corporation”) will be held on
Monday, December 5, 2011 at 9:00 a.m. (Vancouver Time) in the Computershare Boardroom located at510 Burrard Street, 3rd Floor, Vancouver, British Columbia for the following purposes:
...
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=2518444

Bin gespannt, ob etwas zum weiteren Verlauf des TH bekannt gegeben wird. Wie schätzt ihr die Entwicklung des Aktienkurses nach Handelsstart ein?
Die Geduld und das Vertrauen der Shareholder wurde mM nach doch ziemlich ausgereizt. (Homepage offline, keine verlässlichen Informationen,...)

 

[Ollinho]

Sektor - Seltene Erden

KORES buys into South African REE project

The state-run firm has reached a definitive agreement with Frontier Rare Earths to secure a 10% interest in the Zandkopsdrift rare earth element mining project in South Africa.
Posted: Monday , 05 Dec 2011

SEOUL (REUTERS) -
South Korea's state-run Korea Resources Corporation (KORES) has reached a definitive agreement to take part in a large-scale rare earth element development project in South Africa owned by Frontier Rare Earths Ltd.

Under the agreement, signed with the Toronto, Ontario-based miner in Johannesburg on Thursday, KORES said it would secure a 10 percent interest in the Zandkopsdrift rare earth element mining project in South Africa's western Namaqualand region.
China accounts for more than 95 percent of the world's output of the 17 rare earth metals, which are crucial for global electronic gadget production and the defence and renewable-energy industries.
The hunt for rare earths hit a high point at the end of last year when China threatened to reduce its yearly export quota.

As prices for the rare earth elements started to rise, so did interest in reviving mines outside of China that closed years ago when they no longer were cost-effective to operate.
The KORES statement said the agreement included an optional condition allowing KORES to acquire a stake of up to 30 percent in the Zandkopsdrift project once production starts as scheduled in 2016.
KORES expects an annual production of 20,000 tonnes of rare earth materials from the mine. Commercial reserves in the mine were estimated at about 39 million tonnes, according to KORES.
"The agreement has now wrapped up a long-discussed deal on the Zandkopsdrift project," a KORES spokesman said. He declined to give further details, including financial details.
In July, KORES and Frontier signed a non-binding agreement on the Korean party's participation in the South African project.

KORES also said it had signed a memorandum of understanding with five other domestic companies -- Hyundai Motor Co, Samsung C&T Corp, GS Caltex Corp, Daewoo Shipbuilding & Marine Engineering Co Ltd and Aju Corp - to take part in the project.
© Thomson Reuters 2011 All rights reserved

 

[Ollinho]

Peru declares state of emergency to end mining protests

After talks to solve the impasse over Newmont Mining's proposed Conga mine failed, Peru's President declared a state of emergency late Sunday to quell ongoing protests.
Author: By Terry Wade and Teresa Cespedes (Reuters)
Posted: Monday , 05 Dec 2011

>>> http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=140946&sn=Detail&pid=102055

 

[greenhorn]

manchmal helfen eben nur harte Drohungen!

dukezero schrieb am 05.12.2011, 11:00 Uhr[/url]"]Genau, mit der Harfe gedroht!!

greenhorn schrieb am 05.12.2011, 10:26 Uhr[/url]"]bin gespannt - Anfahrt war mir ein wenig zu weit, ansonsten wäre ich persönlich aufgekreuzt

k8003 schrieb am 05.12.2011, 10:08 Uhr[/url]"]Guten Morgen

Ein konkretes Datum steht noch nicht fest. Nur die üblichen Vermutungen auf SH.
Dachte nur, da ja heute Aktionärsversammlung ist, könnte etwas bekannt gegeben werden.

greenhorn schrieb am 05.12.2011, 09:18 Uhr[/url]"] Guten Morgen!

steht eine Wiederaufnahme des Handels schon irgenwie fest`?

k8003 schrieb am 03.12.2011, 13:12 Uhr[/url]"]CFO

NOTICE is hereby given that the Annual and Special Meeting (the “Meeting”) of the holders of common
shares (the “Common Shares”) of CLIFTON STAR RESOURCES INC. (the “Corporation”) will be held on
Monday, December 5, 2011 at 9:00 a.m. (Vancouver Time) in the Computershare Boardroom located at510 Burrard Street, 3rd Floor, Vancouver, British Columbia for the following purposes:
...
http://www.stockwatch.com/nocomp/newsit/newsit_sedardoc.aspx?docid=2518444

Bin gespannt, ob etwas zum weiteren Verlauf des TH bekannt gegeben wird. Wie schätzt ihr die Entwicklung des Aktienkurses nach Handelsstart ein?
Die Geduld und das Vertrauen der Shareholder wurde mM nach doch ziemlich ausgereizt. (Homepage offline, keine verlässlichen Informationen,...)

 

[Ollinho]

The reason why Commercials are the “Smart Money”, is that – unlike the millions of small investors who burn their hands by buying high and selling low – they tend to “Buy” low (reduce short positions as price declines) and “Sell” high (increase short positions as price rises).
This can be seen in the following chart. There seems to be a very high correlation between the Sentiment charts of Sentimentrader.com and the Net Short Positions of Commercials:

 

[Ollinho]

As Sentiment (or Commercials Net Short Positions) climbes into the orange area, it’s time to become cautious. It sure can rise (substantially) higher, but cautiousness is the first step in detecting tops. The second step is to look at perspective. Sentimentrader indicators are overlaid with standard deviation bands that show you how extreme the current reading is compared to its recent history. So if sentiment rises above the red standard deviation band, we know that this is an unsustainable situation, and that sentiment has to reverse (decline) over time.
On the other hand, when sentiment drops below the green standard deviation band, we know that this is also an unsustainable situation, and that sentiment has to reverse (rise) over time.

The red circles on the chart below show that good Exit points occured when sentiment was above the red standard deviation bands.

The green circles on the chart below shows that good Entry points occured when sentiment was below the green standard deviation bands. However, the best entry point of the last 5 years was in 2008. This was a time when both Sentiment and Commercials Net Short positions reached extreme lows. Currently, we are in a similar situation, which could mean that silver is at or at least very close to a bottom, and that it could take off pretty soon…

 

[Ollinho]

As price declined in 2008, the Accumulation/Distribution index declined as well.
Unlike 2008, the Accumulation/Distribution index has made brand new highs recently, despite the fact that Silver is off about 35% from its all-time high…
Another bullish factor now is that, as price declined, volume declined as well, which was not the case in 2008.

It looks like the massive drop a couple of weeks ago – which took silver down to $26 – was the “perfect” entry point, price wise.
However, in my opinion there are “better” entry points at levels slightly higher than today. Let me explain why.
If you would have bought when silver hit $26, you would have done an AMAZING Job. Congratulations to those who did.

However, if you did, you were catching a falling knife. There was a huge risk that silver would drop even lower, maybe as low as $20, which is about the breakout point of the autumn of 2010.
I personally always look at Risk to Potential Reward. At $26, the risk of Silver dropping another $6.5 was too high for the potential $6.5 I could make. That’s a 1-1 ratio, since you can loose just as much in case you are wrong as you can gain in case you are right.
I like better those kind of situations where you get a risk-reward ratio of 2 -3 (you can gain twice or 3 times as much as you can loose), and I don’t have to think twice when I get a situation that gives me a Risk-Reward ratio of 5.
Look at 2008. As long as price was below the 50EMA, you shouldn’t have bought. The best time to buy in my opinion was early December 2008, when price broke above this 50EMA and both the RSI and MACD broke out above the red resistance lines.
At that point you had a BUY point. You wouldn’t have bought at the extreme lows, but taking this 50EMA as a stoploss, would have minimized your losses, while you could have let your profits run. In fact, this 50EMA was at that point at the same level as the horizontal resistance line underneath the lows of 2006 and September 2008. A breakout above that level was extremely important going forward.

We are currently in a similar position, as there is resistance at $34 which acted as support in the first half of 2011.
The 50EMA is now at the same level as this red resistance line, and both the MACD and RSI look set to brake out above their red resistance lines…
Combine that with the severely depressed sentiment in Silver and the low Net Short Positions of Commercials, and we have the ideal cocktail for a nice rally in silver prices…

 

[dukezero]

Italien ist auf der richtigen Spur! - US-Arbeitsmarktbericht grundsätzlich positiv!

Der Euro eröffnet heute (07.50 Uhr) bei 1.3415, nachdem im Verlauf der letzten 24 Handelsstunden Tiefstkurse im US-Handel bei 1.3364 markiert wurden. Der USD stellt sich gegenüber dem JPY auf 77.95. In der Folge notiert EUR-JPY bei 104.65, während EUR-CHF bei 1.2360 oszilliert.

Die EU-Kommission hat das 30 Mrd. Euro umfassende Sparpaket der italienischen Regierung begrüßt. Olli Rehn spricht von einem ambitionierten Programm.

Dem ist umfassend zuzustimmen. Mit den Einsparungen und Steuererhöhungen (Luxussteuer, UST + 2%, Grundsteuer, 12-13 Mrd. Einsparungen, sukzessive Erhöhung Rentenalter auf 66 bis 2018) sei ein ausgeglichener Haushalt bis 2013 möglich. Was für ein Unterschied zu den USA. Japan und Großbritannien!

Neben den Sparmaßnahmen wird aber auch das Wachstum unterstützt. Dafür wird ein Programm in Höhe von 10 Mrd. Euro aufgelegt. Hier stimmt damit die Balance. Der griechische Fehler wird voraussichtlich nicht wiederholt. Gleichwohl sind die Prognosen für das BIP Italiens gesenkt worden. Als Konsequenz wird per 2012 leichte Kontraktion und per 2013 ein unverändertes Wachstum unterstellt. Diese Prognose erscheinen sehr hanseatisch auszufallen.

Die Entwicklung in der Eurozone bleibt von Dynamik geprägt.

Brüssel/Helsinki, 04. Dez (Reuters) - Die Bundesregierung ist in der Schuldenkrise bei der umstrittenen Beteiligung privater Gläubiger an dem permanenten Euro-Rettungsschirm ESM nach Angaben aus Kreisen zu Zugeständnissen bereit. Deutschland sei im Tausch gegen deutlich schärfere Haushaltsregeln dazu bereit, die Formulierung zur Beteiligung von Banken und Versicherern an möglichen Anleihe-Ausfällen abzuschwächen, sagten vier Personen der Nachrichtenagentur Reuters am Sonntag. Damit werde jedoch die Möglichkeit nicht ganz entfernt, dass die privaten Gläubiger in Zukunft mögliche Ausfälle von Staatsanleihen mittragen müssten. Die neue Formulierung werde die Statute des ESM näher an die Regeln des IWF angleichen, hieß es.

Nachdem die "freiwillige" Beteiligung des privaten Finanzgewerbes als ein Bruch der Versprechen der europäischen Politik gewertet wurde und sich auf Europas Finanzmärkte belastend auswirkte, ergibt sich hier eine Möglichkeit verlorenes Vertrauen der Finanzmärkte in Teilen zurückzugewinnen.

Ein ranghoher Vertreter der Euro-Zone sagte, die Änderung werde davon abhängen, ob sich die 17 Staaten der Währungsgemeinschaft auf strengere Haushaltsregeln einigen können. Ein ranghoher EU-Vertreter erklärte: "Wir hoffen, die Beteiligung privater Gläubiger voll auf eine Linie mit internationalen Praktiken und den Regeln des IWF zu bringen."

EU-Währungskommissar Olli Rehn forderte die Euro-Staaten dazu auf, zur Lösung der Krise den Start des ESM von 2013 auf 2012 vorzuziehen. Dies wäre ein deutliches Signal dafür, das die Euro-Zone Entscheidungen zur Stärkung der wirtschaftlichen Stabilität treffen könne, sagte Rehn am Sonntag in Helsinki. Wir stimmen umfänglich zu.

Fakt ist, dass Europa sich nachhaltig und dynamisch in der Reformpolitik bewegt. Märkte mögen das weiter ignorieren - Fakten sprechen aber letztendlich für sich. Eine dauerhafte Verweigerung von Märkten ist im hohen Maße unwahrscheinlich! Übrigens liegt die Defizitprognose der Eurozone per 2012 bei 2,9% ... Noch Fragen Kienzle? Nein Hauser ….

Die Erzeugerpreise der Eurozone stellte sich per Oktober 2011 im Jahresvergleich auf +5,5% nach zuvor 5,8%. Im Monatsvergleich kam es zu einem den Erwartungen entsprechenden Anstieg um 0,1%.


http://www.goldseiten.de/content/diverses/artikel.php?storyid=18080

 

[dukezero]

Eurozone: Einzelhandelsumsätze steigen überraschend stark
von Christian Zoller
Montag 05.12.2011, 12:28 Uhr
- +

Luxemburg (BoerseGo.de) – Die Einzelhandelsumsätze sind in der Eurozone im Oktober überraschend deutlich gestiegen. Im Vergleich zum Vormonat September erhöhten sich die Einzelhandelsumsätze um 0,4 Prozent, wie die europäische Statistikbehörde Eurostat am heutigen Montag in Luxemburg mitteilte. Ökonomen hatten im Vorfeld der Daten lediglich einen kleinen Anstieg von 0,1 Prozent gesehen. Im Vormonat September sanken die Umsätze um revidiert 0,6 Prozent (nach: minus 0,7 Prozent). In der gesamten Europäischen Union (EU) wurde ein Rückgang von 0,3 Prozent verzeichnet.

Im Vergleich zum Vorjahresmonat gingen die Einzelhandelsumsätze im Oktober aber um 0,4 Prozent zurück. Doch auch hier war die Prognose der Ökonomen pessimistischer. Sie hatten mit einem Rückgang um 0,8 Prozent gerechnet. Im Vormonat September gaben die Einzelhandelsumsätze im Jahresvergleich um revidiert 1,4 Prozent ab, nachdem in einer früheren Schätzung noch ein Rückgang in Höhe von 1,5 Prozent gesehen wurde. Der größte Umsatzrückgang wurde im Jahresvergleich in Portugal mit minus 9,7 Prozent notiert. Spanien und Dänemark folgten mit minus 6,8 Prozent und minus 5,9 Prozent.

Im Monatsvergleich konnte die europäische Konjunkturlokomotive Deutschland einen Umsatzanstieg von 0,7 Prozent im Vergleich zum September verbuchen. Den prozentual stärksten Anstieg hatte Malta mit plus 3,7 Prozent. Rumänien folgte mit plus 2,0 Prozent und Polen mit 1,4 Prozent. Am Schwächsten entwickelte sich der Einzelhandelsumsatz in Portugal mit minus 3,7 Prozent im Vergleich zum September. Lettland musste einen Rückgang von 2,9 Prozent und Dänemark von 2,0 Prozent hinnehmen.

Für die beiden unter Druck stehenden Euroländer Italien und Griechenland waren keine Daten verfügbar. Auch für das osteuropäische EU-Mitglied Ungarn (Nicht Mitglied der Eurozone) wurden keine Daten veröffentlicht.

 

[dukezero]

12:34. Frankreich, Belgien und Luxemburg einigen sich auf staatlichen Garantien für die Großbank Dexia in Höhe von €45 Mrd.

 

[greenhorn]

December 05, 2011 06:00 ET

Canaco Reports Additional Drill Results at Magambazi, Including 8.3 Metres at 8.84 Grams per Tonne Gold on the Western Lodes and 23.8 Metres at 2.8 Grams per Tonne at Magambazi North

http://www.marketwire.com/press-rel...res-884-grams-per-tsx-venture-can-1594375.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2011) - Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco" or the "Company") is pleased to announce new assay results from diamond drilling at the Magambazi gold discovery. Drilling continues to infill and extend identified mineralized zones. A potential new zone of mineralization has been identified in the upper gneiss at the north end of Magambazi South (Central Gneiss Lode), and additional assays will be prioritized for this location.

New results from the Cave Lode, east of Magambazi Main Lode in hole MGZD307, intersected 13 metres grading 4.78 grams per tonne gold starting 30 metres below surface. A new infill intercept at Magambazi North in hole MGZD337, which returned 23.8 metres grading 2.8 grams per tonne, is a strong indication of continuity for this area of mineralization.

Results have been received for 20 diamond drill holes. Highlights include:

 

[greenhorn]

December 05, 2011 07:00 ET

Avion's Kofi C Zone Returns 7.52 g/t Au Over 40.8 Metres and 11.61 g/t Au Over 21.6 Metres, Mali, West Africa

New Zone Returns 4.6 g/t Au Over 12.0 Metres

http://www.marketwire.com/press-rel...t-au-over-216-metres-mali-tsx-avr-1594416.htm
TORONTO, ONTARIO--(Marketwire - Dec. 5, 2011) - Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the 'Company') is pleased to announce the results from the final 94 drill holes totaling 13,936 metres completed over the Kofi Project in 2011. Drilling was focused in and proximal to the Kofi C zone which contains an historic National Instrument 43-101 ("NI 43-101") estimated indicated mineral resource of 873,000 tonnes grading 3.6 g/t Au totaling 99,000 ounces of gold and an inferred mineral resource of 913,000 tonnes at 3.7 g/t Au totaling 109,000 ounces gold (Roberts1, 2008, NI 43-101 compliant resource report, available under the SEDAR profile of AXMIN Inc.). Note that a qualified person has not carried out the work required to classify the historical estimate as current mineral resources for Avion and therefore Avion is not treating the historical estimate as current mineral resources. Avion intends to update the mineral resources for the Kofi project in late Q4, 2011.

Significant results include the following:

Kofi C Zone

7.52 g/t Au over 40.8 metres
4.85 g/t Au over 5.7 metres
8.37 g/t Au over 14.0 metres
11.61 g/t Au over 21.3 metres
12.92 g/t Au over 6.0 metres
22.84 g/t Au over 2.0 metres
10.03 g/t Au over 3.0 metres
6.42 g/t Au over 15.0 metres

Bassindi Zone

4.60 g/t Au over 12.0 metres

Holes in the Kofi C zone area continue to return excellent grades and widths (see Figure 2). Hole C-11-18 extended the near surface portion of the Kofi C zone approximately 25 metres to the north with an intercept of 7.52 g/t Au over 40.5 metres; this high grade zone is open to the north. Additionally, the current holes have traced the Kofi C West zone (2010 intercept of 3.58 g/t Au over 83.7 metres) for 125 metres along strike with intercepts in holes C-11-18 of 4.85 g/t Au over 5.1 metres, C-11-20 of 8.37 g/t Au over 14.0 metres, C-11-21 of 7.57 g/t Au over 2.0 metres and 11.61 g/t Au over 19.2 metres. This zone is also open to the north.

 

[dukezero]

December 05, 2011 07:01 ET
Colossus Minerals Updates Development Progress at Serra Pelada

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2011) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI) (CUSIP:91681L109) is pleased to provide an update on the development activities at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP Joint Venture located in Para, Brazil.

HIGHLIGHTS

Approximately 675 metres of decline development completed; total advance, including secondary development, of approximately 775 metres
First underground drill bay has been commissioned and underground drilling is underway
Surface infrastructure construction continues, ahead of schedule, with a number of auxiliary buildings now complete
Agreement to build a dedicated electrical transmission line has been reached
Approximately ninety percent of all underground mining equipment is on site; ordering of process plant equipment has commenced
Metallurgical test-work confirms Gravity Recoverable Gold (GRG) values of between 76% and 88%
PGM flotation program ongoing to optimize the efficiency of the flow-sheet to extract platinum and palladium

Claudio Mancuso, President & Chief Executive Officer of Colossus commented, "We are very pleased with the progress of development at Serra Pelada. We continue to strengthen our on-site management team with the addition of a number of experienced mining professionals. The pace of decline development has progressively and methodically increased over the past six months and we are now approaching our target of five metres of development per day. The next twelve months will be very exciting as we continue de-risking the project and work towards our goal of producing gold in 2013."


http://www.marketwire.com/press-release/colossus-minerals-updates-development-progress-at-serra-pelada-tsx-csi-1594424.htm

 

[greenhorn]

und das nur für eine Bank......
wegen der 8 Mrd für Griescheland riesen Aufriß, Eurobonds und Rettungschirmchen inklusive - aber da alles geräuschlos.......
denke von den spanischen Banken wird noch das ein oder andere "Weihnachtsgeschenk" kommen - deren Probleme mit ihren Immofinazierungen sind noch sehr sehrkräftig am köcheln
und solange die Arbeitslosigkeit dort weiter hoch bleibt wird es immer schlimmer.......

CCG-Redaktion schrieb am 05.12.2011, 12:51 Uhr[/url]"]12:34. Frankreich, Belgien und Luxemburg einigen sich auf staatlichen Garantien für die Großbank Dexia in Höhe von €45 Mrd.

 

[dukezero]

dukezero schrieb am 02.12.2011, 16:20 Uhr[/url]"]Rohstoffbude TKA Thyssen Krupp mal long!

Sollte was werden!! Und schon geht sie ab!

JPMorgan senkt Kursziel für Thyssenkrupp von €30 auf €29. Overweight

Warburg Research senkt Kursziel für ThyssenKrupp von €30 auf €25. Buy.

 

[metahase]

Geologix Explorations Inc.: Tepal Drilling Extends Tizate Zone at Depth and Encounters Multiple Higher Grade Gold Intervals Including 0.32 g/t Gold Over 232 Metres
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/05/11 -- Geologix Explorations Inc. (TSX: GIX)(FRANKFURT: GF6)(BERLIN: GF6)(MUN: GF6)(STUT: GF6) (the "Company") is pleased to announce additional assay results from the Company's resource expansion and infill drilling program completed at its 100% owned Tepal gold-copper project in the state of Michoacan, Mexico.

Initial assay results from the project's Tizate Zone have achieved the program's three main objectives:

1. Several holes have identified substantial intervals of gold and copper
mineralization at depth extensions beyond the previous resource outline
(see news release dated April 11, 2011);
2. Multiple intersections of gold and copper grades above the Tizate Zone's
resource average; and
3. Infill drill holes encountering grades and width expected to upgrade a
proposed new resource to a higher mineral category as part of a
subsequent pre-feasibility study.

Initial results from the first 29 holes, totaling 6,514 metres (m) from the Tizate Zone are highlighted by intersections including hole TIZ-11-065 which encountered 232.85 m grading 0.32 grams per tonne (g/t) gold and 0.14 percent (%) copper extending the depth of mineralization 125 m deeper than the previous resource outline and remains open at depth, and TIZ-11-062 which encountered 226.05 m grading 0.32 g/t gold and 0.15% copper extending the depth of mineralization 75 m deeper than the previous resource outline, and ending in mineralization (to view the "2011 Tizate Section 2116575N" and "2011 Tizate Zone Drilling" maps, please click the following link: http://media3.marketwire.com/docs/1205gix_Tizate_Section_Drill_Zone.pdf). Results from these, and other depth extension holes, not only extend the depth of mineralization well beyond the previous resource outline, but also represent gold grades above the Tizate Zone resource average of 0.21 g/t gold (and 0.18% copper) used in the April 2011 PEA mine plan. Highlight results from the first Tizate Zone drilling include:

----------------------------------------------------------------------------
Interval
Hole ID Zone From To (m) Au g/t Cu % Ag g/t AuEq g/t(i)
----------------------------------------------------------------------------
TIZ-11-050 Tizate 0.00 85.00 85.00 0.34 0.18 1.7 0.71
----------------------------------------------------------------------------
Significance: Gold grades higher than Tizate resource average over sizable
interval. Mineralized from surface
----------------------------------------------------------------------------
TIZ-11-056 Tizate 0.00 92.15 92.15 0.21 0.31 1.8 0.82
----------------------------------------------------------------------------
Significance: Copper grades higher than Tizate resource average over sizable
interval. Mineralized from surface.
----------------------------------------------------------------------------
TIZ-11-057 Tizate 0.00 107.90 107.90 0.21 0.17 2.5 0.57
----------------------------------------------------------------------------
Significance: Substantial intersection of grades consistent with prior
Tizate results. Mineralized from surface
----------------------------------------------------------------------------
TIZ-11-061 Tizate 0.00 140.65 140.65 0.26 0.19 1.9 0.65
----------------------------------------------------------------------------
Significance: Substantial intersection of grades consistent with prior
Tizate results. Mineralized from surface
----------------------------------------------------------------------------
TIZ-11-062 Tizate 4.00 230.05 226.05 0.32 0.15 1.0 0.61
----------------------------------------------------------------------------
Significance: Extends mineralization 20 m above and 75 m deeper than
previous resource outline and remains open at depth. Gold grades higher
than Tizate resource average.
----------------------------------------------------------------------------
TIZ-11-063 Tizate 52.20 193.60 141.40 0.19 0.21 2.0 0.62
----------------------------------------------------------------------------
Significance: Extends mineralization above, and 30 m deeper than previous
resource outline at grades consistent with prior Tizate results
----------------------------------------------------------------------------
TIZ-11-065 Tizate 5.15 238.00 232.85 0.32 0.14 1.2 0.60
----------------------------------------------------------------------------
Significance: Extends mineralization 125 m deeper than previous resource
outline and remains open at depth. Gold grades higher than Tizate resource
average.
----------------------------------------------------------------------------
Au = gold, Cu = copper, Ag = silver, (i) AuEq g/t = gold equivalent based on
metal prices of $1,000 Au, $2.75 Cu, and $16 Ag.

A complete table of assay results received to date from the 29 holes drilled at Tizate in this program, as well as a plan map and drill section, can be found on the Tepal Project page of the Company's website (www.geologix.ca). Remaining assay results from the balance of the Tepal drilling will be reported as they become available.

Dunham Craig, President & CEO, stated, "We are pleased with the first results from the Tizate Zone drilling as once again drill results from this important program are meeting our main objective to achieve the necessary drill density to upgrade the resource category in an updated resource estimation for a pre-feasibility study. We are equally pleased to see several intersections of elevated gold grades within the central portion of Tizate. We're also encouraged by depth extension results from holes TIZ-11-062, TIZ-11-063, TIZ-11-065, that appear to be expanding the mineralization at depth with higher than average grades. These latest results combined with the 37 resource expansion holes drilled at Tizate earlier in the year (subsequent to the April 2011 PEA and reported in news release dated July 20, 2011) give us encouragement for the potential to expand Tizate."

Geologix's Resource Geologist, Andrew Hamilton, B.Sc., P. Geo., a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties of the Canadian Securities Administrators, has verified the data (including sampling and analytical data) and prepared the information contained in this news release. All samples were collected from the project by ALS-Chemex, and taken to their sample preparation facility in Guadalajara, Jalisco State, Mexico, with the analytical work being completed at their North Vancouver, B.C. laboratory. A QA/QC program has been implemented to ensure all core and sample handling procedures are in accordance with the best possible practices. The assay protocol includes the insertion of standards, blanks and duplicates into the sample stream.

Geologix Explorations Inc. is a mineral exploration company focused on acquiring, exploring and developing mineral resource opportunities with the potential to host world class mineral deposits. The Company's primary focus is the Tepal Gold-Copper Porphyry Project in Michoacan State, Mexico, where the Company has completed a Preliminary Economic Assessment study ("PEA") of the existing resource and is continuing to aggressively explore for additional gold and copper mineralization in an effort to expand the size of the resource and scale of the possible future mining operation.

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

Contacts:
Geologix Explorations Inc.
Dunham Craig
President & CEO
604.694.1742 or 1.888.694.1742
dcraig@geologix.ca

Geologix Explorations Inc.
Jeffrey Wilson
VP Corporate Communications
604.694.1742 or 1.888.694.1742
jwilson@geologix.ca
www.geologix.ca

© 2011 MarketWire

CCG-Redaktion schrieb am 04.12.2011, 14:07 Uhr[/url]"]Geologix Completes 1,151 Line Kilometre Airborne Survey and Property-Wide Sampling and Mapping Programs at Tepal

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2011) - Geologix Explorations Inc. (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUTTGART:GF6) (the "Company") is pleased to announce the completion of an airborne geophysical survey over the entire Tepal project area. A total of 1,551 line kilometres were flown, at flight line spacings of 150 metres, over the entire 172 square kilometre Tepal project mineral concessions (1,421 line kilometre). A more detailed survey over the 19 square kilometre (130 line kilometres) core resource area was flown at 75 metre spacings.

The survey was completed by Aeroquest Limited and utilized the AeroTEM IV system for electromagnetic and magnetic data collection. The survey also included the Aeroquest AGRS spectrometry system to collect radiometric data over the property.

Results from the survey will enable the Company to characterize the various geophysical signatures found over the immediate resource areas (North Zone, South Zone, and Tizate) within the core group of claims and apply these signatures to locate and define additional exploration target areas on the remaining and yet unexplored property holdings. Processing of the data is underway and results are expected for early 2012.

The airborne survey results will be merged and reviewed in conjunction with other, previously collected data, including an Induced Polarization survey, a property-wide silt survey conducted in 2011 (201 silt samples), a detailed soil sample survey east and northeast of Tizate (531 soil samples), as well as property wide geological mapping and rock sampling.

Geologix Explorations Inc. is a mineral exploration company focused on acquiring, exploring and developing mineral resource opportunities with the potential to host world class mineral deposits. The Company's primary focus is the Tepal Gold-Copper Porphyry Project in Michoacán State, Mexico, where the Company has completed a Preliminary Economic Assessment study ("PEA") of the existing resource and is continuing to aggressively explore for additional gold and copper mineralization in an effort to expand the size of the resource and scale of the possible future mining operation.

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


Source: Marketwire Canada (December 2, 2011 - 10:02 AM EST)

 

[dukezero]

UPDATE2: ANLEIHE-AUKTION/Deutschland zahlt fast keine Zinsen mehr

Kategorie: Anleihe-News | Marktberichte (Dow Jones) | Uhrzeit: 13:40


(NEU: Weitere Details)

-- Renditen deutscher und niederländicher Schatzanweisungen nahe Null
-- Starke Nachfrage bei beiden Auktionen
-- Französische Renditen deutlicher in positivem Terrain erwartet

FRANKFURT (Dow Jones) - Am Status deutscher Bundesanleihen als sicherer Hafen hat sich trotz der enttäuschenden Nachfrage bei der Auktion 10-jähriger Papiere am 23. November offenbar nichts geändert. Deutschland und die Niederlande müssen für kurz laufende Schulden von bis zu sechs Monaten fast keine Zinsen mehr zahlen. Bei der Auktion deutscher sechsmonatiger Schatzanweisungen am Montag fiel die Rendite auf 0,0005% und damit das niedrigste jemals gesehene Niveau im Rahmen einer Auktion. Zudem waren die Papiere deutlich überzeichnet. Das Schreckgespenst, dass selbst deutsche Anleihen kaum mehr Nachfrager finden, ist damit fürs erste verschwunden.

Rückblick: Am 23. November waren 10-jährige deutsche Anleihen noch zu Ladenhütern mutiert. Während seinerzeit die Angst vor einem Auseinanderbrechen der Eurozone die Anleger davon abgehalten hatte, Deutschland langfristig Geld zu leihen, sorgte nun der weit verbreitete Optimismus auf brauchbare Lösungsansätze beim Ende der Woche anstehenden EU-Gipfel zur Schuldenkrise für Nachfrage nach den deutlich kürzer laufenden Papieren mit der höchsten Bonitätsnote in der Eurozone.

Stimmungsmäßig geholfen haben dürften bei der Nachfrage auch die Sparbeschlüsse in Italien, wo sich das Kabinett des neuen Ministerpräsidenten Monti am Sonntag auf Einsparungen von 20 Mrd EUR bis 2013 verständigt hat. Der Markt wartet nun gespannt auf das im Tagesverlauf stattfindende vorbereitende Treffen von Bundeskanzlerin Merkel und Frankreichs Staatspräsident Sarkozy.

Die leichte Entspannung in der Schuldenkrise hatte bereits in der Vorwoche nach der überraschenden konzertierten Aktion internationaler Notenbanken zur Erhöhung der Dollarliquidität für wieder deutlicher sinkende Renditen von Anleihen aus Ländern der Euro-Peripherie gesorgt.

Einem Angebot von 3 Mrd EUR stand am Berichtstag nun eine Nachfrage im Volumen von 10,254 Mrd EUR nach den deutschen Kurzläufern gegenüber. Am 23. November hatten einem Emissionsvolumen von 6 Mrd EUR lediglich Gebote von 3,889 Mrd EUR gegenübergestanden.

Das Ergebnis der Auktion belege die hohe Nachfrage nach Papieren des Emittenten Bund. Das Marktumfeld sei unverändert sehr nervös. Die starke Suche nach Qualität unterstreiche den Benchmarkcharakter von Bundesanleihen, kommentierte die Bundesfinanzagentur das Ergebnis der Auktion.

Problemlos über die Bühne gingen auch Auktionen 3- und 6-monatiger niederländischer Papiere im Volumen von 2,1 Mrd EUR. Hier lagen die Zeichnungsquoten über 7 bzw über 3.

Bei der im späteren Tagesverlauf noch anstehenden Auktion französischer Schuldenpapiere mit Laufzeiten von 12, 27 und 49 Wochen dürften die Renditen trotz der guten Ergebnisse der Nachbarländer deutlicher in positivem Terrain liegen, betonen die Experten der WestLB. Grund für die höheren französischen Renditen sei die weiter an den Märkten schwelende Sorge, vor einer Bonitätsabstufung des derzeit noch mit "AAA" bewerteten Landes, so ein Marktteilnehmer.

Im folgenden die detaillierten deutschen und niederländischen Auktionsergebnisse. In Klammern die Resultate der vorangegangenen Versteigerung gleicher Papiere am 7. November:

===
Emission 6-monatige deutsche Schatzanweisungen (Bubill)
Laufzeit 13. Juni 2012
Volumen 3 Mrd EUR
Bietungsvolumen 10,254 Mrd EUR
Zuteilungsbetrag 2,675 Mrd EUR
Bid-to-cover-Ratio 3,8 (2,2)
Durchschnittsrend. 0,0005 (0,0800%)
Maximalrendite 0,0005 (0,0800%)

Emission 3-monatige niederländische Papiere (DTC)
Laufzeit 29. Februar 2012
Volumen 1 Mrd - 2 Mrd EUR
Bietungsvolumen 7,210 Mrd EUR
Zuteilungsbetrag 1,000 Mrd EUR
Bid-to-cover-Ratio 7,21

Emission 6-monatige niederländische Papiere (DTC)
Laufzeit 31. Mai 2012
Volumen 1 Mrd - 2 Mrd EUR
Bietungsvolumen 3,640 Mrd EUR
Zuteilungsbetrag 1,100 Mrd EUR
Bid-to-cover-Ratio 3,31
===
-Von Steffen Gosenheimer, Dow Jones Newswires;
+49 69 29 725 200, steffen.gosenheimer@dowjones.com
DJG/DJN/gos/raz

Copyright (c) 2011 Dow Jones & Company, Inc.

 

[amun71]

Silver Bear Intersects 354 g/t Ag Over 3.4 Meters and 1090 g/t Ag Over 1 Meter :shock:

http://www.marketwire.com/press-release/silver-bear-intersects-354-g-t-ag-over-34-meters-and-1090-g-t-ag-over-1-meter-tsx-sbr-1594434.htm

sollte was gehen heute

 

[Ollinho]

RPM halted!

 

[Ollinho]

 

[Ollinho]

NovaGold Passes Key Milestone on Path to Becoming Premier North American Gold Producer <NG.TO>

VANCOUVER, BRITISH COLUMBIA, Dec 05 (MARKET WIRE) --


All figures are in US dollars except where noted and shown on a 100%
Project basis, of which NovaGold and Barrick each hold a 50% interest.

NovaGold Resources Inc. ("NovaGold" or the "Company") (TSX:NG)(NYSE
Amex:NG) is pleased to announce the positive conclusion of the second
Feasibility Study update ("Study") completed for the Donlin Gold Project
("Donlin Gold" or the "Project") located in southwestern Alaska. The
Study revises the feasibility study completed in April 2009 with updated
mineral reserves and resources, capital cost and operating cost
estimates. The Study was compiled by AMEC Americas Ltd. ("AMEC"). The
Project is held by Donlin Gold LLC which is owned equally by wholly-owned
subsidiaries of NovaGold and Barrick Gold Corporation ("Barrick").

Donlin Gold, if put into production in accordance with the Study, would
be among the world's most significant low-operating-cost and long-lived
gold mines, averaging 1.5 million ounces of gold per year in its first
five years of operation at an average cash cost of $409/oz, which is
expected to accelerate project payback, and an average of 1.1 million
ounces of gold per year at average cash cost of $585/oz over its
projected 27-year mine life. Exploration upside is believed to be
excellent with the potential to expand the current open pit resources
along strike and at depth. With proven and probable mineral reserves
estimated at 33.8 million ounces established along only three kilometers
of a well-established mineralized corridor in excess of eight kilometers
long, NovaGold is confident that further discoveries will be made.
Prospects exist to both increase mine life and/or justify future
production expansions.

Significantly, the Study confirms the attractiveness of a
prior-referenced option for power generation utilizing natural gas rather
than the original diesel option. Natural gas would be delivered to site
via a 500-kilometer-long pipeline. The change to utilizing natural gas is
an important modification that is believed to materially improve numerous
project parameters including lowering operating costs; improving
environmental management and social infrastructure; providing flexibility
for future operational modifications; and facilitating potential
increases in the scale of operations in this geologically prospective
district.

The capital cost estimated at $6.7 billion includes the natural gas
pipeline and nearly $1.0 billion in contingencies. It should be noted
that this capital cost is approximately $300 million lower than the
guidance provided in NovaGold's press release dated September 7, 2011.

The Project provides tremendous leverage to gold prices. The resultant
after-tax Net Present Value ("NPV") using the base case three-year
trailing average of $1,200 per ounce gold displays a positive $547
million using a 5% discount rate. Importantly, the resultant NPV
sensitivity analysis shows a more than eight-fold expansion to $4.6
billion at $1,700-per-ounce gold, and then a nearly 50% increase again to
$6.7 billion at $2,000-per-ounce gold. Additionally, NovaGold has opening
tax pools of approximately $102 million that can be applied against its
share of income from the Project which would increase NovaGold's pro-rata
share of Project NPV. Based on the results of this Study, NovaGold
anticipates Donlin Gold commencing formal project permitting in early
2012.

Rick Van Nieuwenhuyse, President and CEO of NovaGold, commented, "The
Donlin Gold technical optimization phase is now complete and, once Board
approval is obtained, NovaGold anticipates moving forward with permitting
as the next step towards making this world-class mine a reality.
Completion of this Study is a significant milestone for NovaGold,
joint-owner Barrick, the Project and our Alaska Native partners. With
Greg Lang, a proven mine builder, assuming the leadership of NovaGold and
Barrick bringing best practices to permitting, developing and operating
large-scale open-pit gold mines, Donlin Gold has all of the necessary
components to be developed into one of the largest, most efficient,
environmentally sound and valuable gold producers in the world."

Thomas Kaplan, the Company's newly appointed Chairman of the Board,
added, "Donlin Gold is a uniquely attractive asset. In size, it ranks
among the top 1% of gold deposits in the world and its grade, long
mine-life and exploration potential are exceptional. In addition, Donlin
Gold is located in the right place: the United States. At a time when the
oft-used mining expression 'world-class' is losing its meaning, as
resource nationalism has meant that great assets are often in political
or economic jurisdictions that are simply becoming un-investable,
fiduciaries are now being forced to begin their analysis not with size
and cost, but jurisdictional safety. Within this overall context, which
is likely to get worse over time rather than better, truly great assets
such as Donlin Gold, which 'have it all,' are becoming 'category killers'
that we expect will enjoy premium ratings. For all of these combined
relative advantages, we believe that NovaGold particularly - a
well-managed company transforming itself into a pure-play gold developer
with extraordinary exploration potential and exceptional leverage to the
price of gold - is set to emerge as one of the select few
jurisdictionally safe, institutional-quality development-stage gold
equities."

Highlights (100% Project Basis)


-- Proven and Probable Mineral Reserves estimated at 33.8 million ounces of
gold, representing a 16% increase compared to the April 2009 Feasibility
Study

-- 27-year mine life assessed on the basis of 53,500 tonne-per-day
throughput, an increase of six years compared to the April 2009
Feasibility Study

-- First full five years:
-- 1.46 million ounces of annual gold production
-- Cash costs of $409/oz(1)

-- Life of mine:
-- 1.13 million ounces of annual gold production
-- Cash costs of $585/oz(1)

-- Estimated start-up capital costs of $6.7 billion including $834 million
for the natural gas pipeline and $984 million of contingencies; capital
costs are approximately $300 million lower than shown in preliminary
guidance provided in NovaGold's Press Release dated September 7, 2011

>>> http://www.stockhouse.com/financialtools/sn_newsreleases.aspx?qm_symbol=T.NG&newsid=8378163

 

[greenhorn]

PP? oder was gutes?

CCG-Redaktion schrieb am 05.12.2011, 13:54 Uhr[/url]"]RPM halted!

 

[Ollinho]

Hab die nicht aufm Radar.... und kann demnach keine Einschätzung geben.

greenhorn schrieb am 05.12.2011, 14:23 Uhr[/url]"]PP? oder was gutes?

CCG-Redaktion schrieb am 05.12.2011, 13:54 Uhr[/url]"]RPM halted!

 

[Ollinho]

Eisenerzbörse wird im Dezember eröffnet

>>> http://german.china.org.cn/business/txt/2011-11/25/content_24006060.htm

 

[dukezero]

Peking 05.12.2011 (http://www.emfis.de) Nach Angaben der China Association of Automobile Manufacturers (CAAM) sei es sehr wahrscheinlich, dass Chinas Autoexporte in diesem Jahr auf einen Rekordwert ansteigen werden.Dass Chinas Autobauer ihren Fokus zunehmend auf die Auslandsmärkte richten, war bereits seit mehreren Monaten absehbar. Während der Absatz im Reich der Mitte zuletzt schwächelte, legten die Exporte im Jahresvergleich überdurchschnittlich zu.In diesem Jahr werden voraussichtlich mehr als 800.000 Fahrzeuge im Ausland abgesetzt. Dies entspräche einem annualisierten Zuwachs von 38 Prozent. Im letzten Jahr wurden 580.000 Einheiten exportiert.

 

[Ollinho]

Mercator Minerals Closes $20 Million Financing <ML.TO>


Marketwire

Mercator Minerals Ltd.

December 5, 2011 - 08:30:00 AM

Mercator Minerals Closes $20 Million Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

Mercator Minerals Ltd. (TSX:ML) ("Mercator" or the "Company") is pleased to
announce that it has closed its previously announced private placement (the
"Offering") of 11,428,572 units ("Unit") to raise gross proceeds of C$20
million. Each Unit was comprised of one common share (the "Common Shares") and
one-quarter of one common share purchase warrant (the "Warrants"). Each
Warrant entitles the holder to purchase one additional Common Share of the
Company at a price of C$2.50 per share until December 2, 2014. A finder's fee
of C$0.54 million was paid in connection with the financing.

The Company intends to use the proceeds received from the sale of Units
primarily to optimize and compress the construction schedule for the
development of the El Pilar project. This will include commencement of the
detailed engineering work, payment of the Change of Land Use ("CUS") permit
fees, payment for land and right of way costs and to allow for the delivery of
a "construction ready" project. These activities will allow for a quicker
start-up when construction financing for the El Pilar project is available.
The proceeds may also be used for general corporate and working capital
purposes.

Bruce McLeod, President and CEO, stated, "The optimization work to be
conducted on the El Pilar project will include revising our mineral reserves
and mine plan to capture the benefits of reducing the lift height on the leach
pads to three meters. This opportunity could increase the net present value
(discounted at 8%) of an already robust and attractive project by US$100
million to over US$435 million."

The El Pilar feasibility study can be found on SEDAR and on the Company's
website (see November 9, 2011 press release).

The securities offered have not been registered under the U.S. Securities Act
of 1933, as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.

About Mercator Minerals Ltd.

Mercator Minerals Ltd., a TSX listed Canadian mining company with one of the
fastest growing base metal profiles in its peer group, is a leading copper,
molybdenum and silver producer with a diversified portfolio of high quality
operations and projects in the USA and Mexico. Mercator provides investors
exposure to current copper, molybdenum and silver production from the large
tonnage long life Mineral Park Mine in Arizona, as well as mid-term exposure
to copper at the El Pilar deposit in Sonora in northern Mexico and longer term
exposure of molybdenum and copper through the development of the El Creston
deposit also in Sonora in northern Mexico.

For further information please visit www.mercatorminerals.com.

On Behalf of the Board of Directors

MERCATOR MINERALS LTD.

D. Bruce McLeod, P.Eng, President and CEO

 

[dukezero]

http://www.goldreporter.de/gold-verkauf-in-deutschland-bestes-quartal-seit-ende-2008/gold/16481/


Gold Verkauf an Privat!

 

[greenhorn]

diese Meldung könnte auch für viele LithiumExplorer eine Signalwirkung haben!!! 8)

December 05, 2011 08:36 ET

Talison Lithium Concludes First Sales Contracts for 2012 With 15% Price Increase

http://www.marketwire.com/press-rel...12-with-15-price-increase-tsx-tlh-1594517.htm

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 5, 2011) - Talison Lithium Limited ("Talison" or the "Company") (TSX:TLH) today announced that it has achieved 15% price increases for the first contracts concluded for calendar 2012 sales. The Company also provided an update on its Greenbushes Lithium Operations and proposed lithium minerals conversion plant.

Price Increases

Talison is currently engaging in discussions with its customers with regards to prices for calendar 2012 sales. A number of contracts have been concluded and price increases of 15% have been achieved for sales to customers in China, Europe, US and Japan across a range of lithium concentrate products.

The price increases reflect current lithium market dynamics and are consistent with Talison's previously stated objective of pursuing prices that enable existing producers to justify the capital expenditure necessary to maintain a secure and growing supply of lithium in the future. Talison is optimistic it will achieve similar price increases in the remaining sales contracts it is negotiating for calendar 2012.

 

[Ollinho]

Mein nicht vorhandenes Holzbein erahnt News heute oder morgen bei CCE.....

 

[greenhorn]

December 05, 2011 09:35 ET

Barkerville Announces $20,000,000 Equity Financing

http://www.marketwire.com/press-rel...-equity-financing-tsx-venture-bgm-1594623.htm
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2011) - Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) (the "Company") has entered into an agreement with D&D Securities Inc. acting as lead agent and bookrunner together with M Partners Inc. as co-lead agent (together the "Agents") in connection with a private placement offering to issue up to 20,000,000 units at $1.00 per unit for gross proceeds of up to $20 million. Each Unit will consist of one common share and one-half of one common share purchase warrant with each whole warrant exercisable for a period of 18 months from Closing at a price of $1.25 per share. In addition, there will be an over-allotment provision or "greenshoe" for up to an additional 5,000,000 units. The Company will issue to the Agents that number of common shares equal to 7% of the gross proceeds raised and issue broker's warrants to purchase common shares in an amount equal to 10% of the aggregate number of shares issued, exercisable for a period of 18 months from Closing at $1.00 per share. The financing is to be completed on a best efforts basis, subject to the customary conditions including TSX-V approval. The proceeds will be used to fund further drilling, repay outstanding debt and for general corporate purposes. In conjunction with the private placement, insiders may purchase a portion of the Equity Financing.