Rohstoffthread / CCG-Hauptthread

[spiderwilli]

meinst du im daytradingthread, kann auch hier nichts sehen

dukezero schrieb am 22.12.2011, 09:28 Uhr[/url]"]Im öffentlichen lassen sich jetzt die Big Charts darstellen!

Ollinho schrieb am 22.12.2011, 09:12 Uhr[/url]"]Moin

Jep Problem mit den Darstellungen hält an. Boardleitung wurde informiert.

greenhorn schrieb am 22.12.2011, 08:55 Uhr[/url]"] scheint nen Problem zu geben...........

 

[Ollinho]

Moin Willi...

Ja das ist eine Möglichkeit erlittene Verluste im Veranlagungsjahr gelten zu machen. Man verkauft demnach im laufenden Jahr seine Verlustposition um die Verluste "geltend" machen zu können und kauft nach einer Frist (30 Tage) edit duke den gleichen Wert wieder ins Depot (oder auch nicht).

>>> http://www.miningmarkets.ca/news/tis-the-season-for-tax-loss-selling/1000718327/

spiderwilli schrieb am 22.12.2011, 09:33 Uhr[/url]"]was bedeutet Tax loss selling
eine art von verluste im alten jahr zu generieren.

Ollinho schrieb am 22.12.2011, 09:26 Uhr[/url]"]Jep...morgen Abend hat der Spuck zumindest ein Ende!

Cadrach schrieb am 22.12.2011, 09:22 Uhr[/url]"]Morgen endet doch das Tax loss selling , richtig ? (Sprich morgen ist der letzte Tag)

 

[Ollinho]

Ganz seltsame Geschichte...ich kann teilweise den "obersten/letzten geposteten" Big Chart sehen aber alle anderen auf einer Seite nicht....

dukezero schrieb am 22.12.2011, 09:28 Uhr[/url]"]Im öffentlichen lassen sich jetzt die Big Charts darstellen!

Ollinho schrieb am 22.12.2011, 09:12 Uhr[/url]"]Moin

Jep Problem mit den Darstellungen hält an. Boardleitung wurde informiert.

greenhorn schrieb am 22.12.2011, 08:55 Uhr[/url]"] scheint nen Problem zu geben...........

 

[dukezero]

Es liegt wohl an Big Charts, die bei der Menge der Charts hier uns kapazitätsmässig blockieren!

 

[spiderwilli]

fast so vermutet. wie lange geht das bei uns. denke mal bis jahresende.
habe vorgestern einen neue gekauften goldcall verkauft um verlust zu verrechnen.
kann ich diesen schein ohne bedenken nach kurzer zeit wieder ins depot kaufen?

Ollinho schrieb am 22.12.2011, 09:39 Uhr[/url]"]Moin Willi...

Ja das ist eine Möglichkeit erlittene Verluste im Veranlagungsjahr gelten zu machen. Man verkauft demnach im laufenden Jahr seine Verlustposition um die Verluste "geltend" machen zu können und kauft nach einer Frist den gleichen Wert wieder ins Depot (oder auch nicht).

>>> http://www.miningmarkets.ca/news/tis-the-season-for-tax-loss-selling/1000718327/

spiderwilli schrieb am 22.12.2011, 09:33 Uhr[/url]"]was bedeutet Tax loss selling
eine art von verluste im alten jahr zu generieren.

Ollinho schrieb am 22.12.2011, 09:26 Uhr[/url]"]Jep...morgen Abend hat der Spuck zumindest ein Ende!

Cadrach schrieb am 22.12.2011, 09:22 Uhr[/url]"]Morgen endet doch das Tax loss selling , richtig ? (Sprich morgen ist der letzte Tag)

 

[Cadrach]

Also bei uns gibt es keine Frist, bzgl. des Neukaufs des gleichen Scheins.
Unser System ist da ja etwas anders.
Wenn Du Verluste im KJ generiert hast gibt es einen "Verlusttopf" gegen den die Gewinne erstmal gerechnet werden, bis dieser aufgebraucht ist. Wenn Du Gewinn generiert hast und später Verluste machst werden diese dann gegen den Gewinn gerechnet, den Du innerhalb des Jahres gemacht hast.
Verlusttopf wird grds. je Bank geführt. Falls es sinnvoll ist kannst Du diesen auch festellen lassen von deiner Bank, sonst wird der weiter ins nächste Jahr geschleppt.

spiderwilli schrieb am 22.12.2011, 09:45 Uhr[/url]"]fast so vermutet. wie lange geht das bei uns. denke mal bis jahresende.
habe vorgestern einen neue gekauften goldcall verkauft um verlust zu verrechnen.
kann ich diesen schein ohne bedenken nach kurzer zeit wieder ins depot kaufen?

Ollinho schrieb am 22.12.2011, 09:39 Uhr[/url]"]Moin Willi...

Ja das ist eine Möglichkeit erlittene Verluste im Veranlagungsjahr gelten zu machen. Man verkauft demnach im laufenden Jahr seine Verlustposition um die Verluste "geltend" machen zu können und kauft nach einer Frist den gleichen Wert wieder ins Depot (oder auch nicht).

>>> http://www.miningmarkets.ca/news/tis-the-season-for-tax-loss-selling/1000718327/

spiderwilli schrieb am 22.12.2011, 09:33 Uhr[/url]"]was bedeutet Tax loss selling
eine art von verluste im alten jahr zu generieren.

Ollinho schrieb am 22.12.2011, 09:26 Uhr[/url]"]Jep...morgen Abend hat der Spuck zumindest ein Ende!

Cadrach schrieb am 22.12.2011, 09:22 Uhr[/url]"]Morgen endet doch das Tax loss selling , richtig ? (Sprich morgen ist der letzte Tag)

 

[greenhorn]

Wildcat Silver drills 35.1 m of 160.4 g/t Ag at Hermosa
2011-12-21 17:21 ET - News Release
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WS-1913489&symbol=WS&region=C

Mr. Don Taylor reports

WILDCAT ANNOUNCES PROJECT UPDATE AND DRILL RESULTS

Wildcat Silver Corp. has released the results for eight additional holes completed on the company's Hermosa property located in Santa Cruz county, Arizona. Results continue to support the expansion and upgrading of the current Hermosa resource. The company is also announcing that it now expects to issue its updated resource estimate and preliminary economic assessment for the Hermosa project in early 2012.

- das könnt u.a. auch der Grund für die momentane Schwäche sein, das Update der PEA und die neue Resourcenschätzung kommen nun doch erst Anfang des Jahres.....


Highlights

HDS-214, located in the east-central portion of the Hermosa orebody, demonstrates significant silver and manganese mineralization. This hole encountered three intervals, with the upper interval returning 9.1 metres of 395.2 grams per tonne silver, 8.46 per cent manganese, 0.15 per cent zinc, 2.96 per cent lead and 0.22 per cent copper.

HDS-216, also located in the east-central portion of the Hermosa orebody, returned 10.7 metres of 310 g/t silver, 10.81 per cent manganese, 0.17 per cent zinc, 4.36 per cent lead and 0.19 per cent copper.

HDS-203, located in the northeast-central portion of the Hermosa orebody, encountered three intervals of mineralization. The middle zone returned an extensive interval of 35.1 metres of 160.4 g/t silver, 12.45 per cent manganese, 4.52 per cent zinc, 2.79 per cent lead and 0.26 per cent copper.

The company continues to drill on the Hermosa property, and remains focused on expanding the size and upgrading the quality of the current resource. Wildcat's current cash position remains strong and the company expects it will be sufficient to finance its planned activities through 2012.

A summary of the drill results is provided in the attached table.

................

greenhorn schrieb am 21.12.2011, 10:45 Uhr[/url]"]WS - Wildcat wird zum Jahresende nochmal sehr spannend!

frische Präsentation:

http://www.wildcatsilver.com/Theme/Wildcat/files/WS Investor Presentation December 2011 Web - KA.pdf

Hermosa's resource includes an indicated resource of 36 million ounces of silver in addition to an inferred resource of 85 million ounces of silver. Wildcat believes there is significant potential to considerably increase the existing resource and is currently focusing its exploration efforts on expanding this resource

- bis Jahresende will WS ein Resourcenupdate rausbringen, mit dem klaren Ziel die aktuelle Resource zu verdoppeln!
- außerdem erwartet WS zum Jahresende auch die aktualisierte PEA für Hermosa!

schon mit den aktuellen Zahlen wird WS ein hochprofitabler Silberproduzent mit negativen Cashcosts/Únze Silber!

» zur Grafik

 

[Ollinho]

Die "tax loss selling rules" beziehen sich auf den nordamerik. Raum!

Bei uns greifen ja eh die Regeln der Abgeltungssteuer. Du hast dabei die Wahl ob du etwaige Verluste per Verlustbescheinigung im Veranlagungsjahr geltend machen willst oder die erlittenen Verluste bei deiner Bank/Broker ins Folgejahr übertragen werden und dann mit neuen Gewinnen verrechnet werden.
>>> http://www.jblaustein.de/finanzen/abgeltungsteuer/abgeltungsteuer_verrechnung.html

Grundsätzlich kann man nach neuester Rechtsprechung Positionen drehen. In der Vergangenheit gab es dazu aber unterschiedliche Rechtsprechungen. Es gab Gerichte, die bei einem identischen Verkauf+Kaufkurs einen sog. "Gestaltungsmissbrauch" festgestellt haben.

Grundsätzlich gilt nach meinem Kenntnisstand folgendes:

Das Urteil des BFH
Werden Wertpapiere innerhalb der Spekulationsfrist veräußert und am selben Tag in gleicher Art und Anzahl, aber zu unterschiedlichen Kursen wieder gekauft, so liegt hierin nach Auffassung des Bundesfinanzhofs kein Gestaltungsmissbrauch im Sinne des § 42 der Abgabenordnung vor. Der Tatbestand des § 23 EStG umfasst nämlich nur zwei Akte, den Ankauf von Wertpapieren und deren Verkauf innerhalb der Jahresfrist. Dies gilt unabhängig vom nachfolgenden Wiederkauf, denn hierdurch wird eventuell ein neuer Steuertatbestand in Gang gesetzt. Es entspricht gerade dem Zweck des § 23 EStG, derart kurzfristige Handelserfolge – sowohl positiv als auch negativ – zu erfassen. Angesichts der Schwankungsbreite börsennotierter Wertpapiere und dem daraus resultierenden Risiko sei der Verkauf unabhängig von dem folgenden Wiederkauf zu würdigen.

Der Haken
Anders als das Finanzgericht hält der Bundesfinanzhof eine Gesamtbeurteilung von Verkauf und Rückkauf nach dem Missbrauchsparaphen 42 AO aber durchaus für möglich. Dies könnte wohl der Fall sein, wenn der Rückkaufkurs genau dem Verkaufkurs der Wertpapiere entspricht oder der Anleger besondere Anstrengungen unternimmt, um seine Position ohne Kursrisiko zu „drehen“. [IX R 60/07]

Muss dazu sagen, dass ich rechtlich nicht mehr ganz up to date bin.... also zur Absicherung Broker/Bank anrufen.

spiderwilli schrieb am 22.12.2011, 09:45 Uhr[/url]"]fast so vermutet. wie lange geht das bei uns. denke mal bis jahresende.
habe vorgestern einen neue gekauften goldcall verkauft um verlust zu verrechnen.
kann ich diesen schein ohne bedenken nach kurzer zeit wieder ins depot kaufen?

Ollinho schrieb am 22.12.2011, 09:39 Uhr[/url]"]Moin Willi...

Ja das ist eine Möglichkeit erlittene Verluste im Veranlagungsjahr gelten zu machen. Man verkauft demnach im laufenden Jahr seine Verlustposition um die Verluste "geltend" machen zu können und kauft nach einer Frist den gleichen Wert wieder ins Depot (oder auch nicht).

>>> http://www.miningmarkets.ca/news/tis-the-season-for-tax-loss-selling/1000718327/

spiderwilli schrieb am 22.12.2011, 09:33 Uhr[/url]"]was bedeutet Tax loss selling
eine art von verluste im alten jahr zu generieren.

Ollinho schrieb am 22.12.2011, 09:26 Uhr[/url]"]Jep...morgen Abend hat der Spuck zumindest ein Ende!

Cadrach schrieb am 22.12.2011, 09:22 Uhr[/url]"]Morgen endet doch das Tax loss selling , richtig ? (Sprich morgen ist der letzte Tag)

 

[spiderwilli]

bin gespannt, wie es beim gold die nächsten tage weitergeht.
anstieg wurde gestern sofort wieder abverkauft. denke nicht, dass noch viel passiert vor
den feiertagen. evtl wird erst in neuen jahr der weitere trend (hoffentlich nach oben) fortgesetzt.

 

[Cadrach]

Also bisher gibt es da noch keine neuen Urteile. (Schaue mir die aber noch mal gerne an)
Von einem Gestaltungsmissbrauchsfall habe ich bisher noch nichts gelesen.

Ollinho schrieb am 22.12.2011, 10:06 Uhr[/url]"]Die "tax loss selling rules" beziehen sich auf den nordamerik. Raum!

Bei uns greifen ja eh die Regeln der Abgeltungssteuer. Du hast dabei die Wahl ob du etwaige Verluste per Verlustbescheinigung im Veranlagungsjahr geltend machen willst oder die erlittenen Verluste bei deiner Bank/Broker ins Folgejahr übertragen werden und dann mit neuen Gewinnen verrechnet werden.
>>> http://www.jblaustein.de/finanzen/abgeltungsteuer/abgeltungsteuer_verrechnung.html

Grundsätzlich kann man nach neuester Rechtsprechung Positionen drehen. In der Vergangenheit gab es dazu aber unterschiedliche Rechtsprechungen. Es gab Gerichte, die bei einem identischen Verkauf+Kaufkurs einen sog. "Gestaltungsmissbrauch" festgestellt haben.

Grundsätzlich gilt nach meinem Kenntnisstand folgendes:

Das Urteil des BFH
Werden Wertpapiere innerhalb der Spekulationsfrist veräußert und am selben Tag in gleicher Art und Anzahl, aber zu unterschiedlichen Kursen wieder gekauft, so liegt hierin nach Auffassung des Bundesfinanzhofs kein Gestaltungsmissbrauch im Sinne des § 42 der Abgabenordnung vor. Der Tatbestand des § 23 EStG umfasst nämlich nur zwei Akte, den Ankauf von Wertpapieren und deren Verkauf innerhalb der Jahresfrist. Dies gilt unabhängig vom nachfolgenden Wiederkauf, denn hierdurch wird eventuell ein neuer Steuertatbestand in Gang gesetzt. Es entspricht gerade dem Zweck des § 23 EStG, derart kurzfristige Handelserfolge – sowohl positiv als auch negativ – zu erfassen. Angesichts der Schwankungsbreite börsennotierter Wertpapiere und dem daraus resultierenden Risiko sei der Verkauf unabhängig von dem folgenden Wiederkauf zu würdigen.

Der Haken
Anders als das Finanzgericht hält der Bundesfinanzhof eine Gesamtbeurteilung von Verkauf und Rückkauf nach dem Missbrauchsparaphen 42 AO aber durchaus für möglich. Dies könnte wohl der Fall sein, wenn der Rückkaufkurs genau dem Verkaufkurs der Wertpapiere entspricht oder der Anleger besondere Anstrengungen unternimmt, um seine Position ohne Kursrisiko zu „drehen“. [IX R 60/07]

Muss dazu sagen, dass ich rechtlich nicht mehr ganz up to date bin.... also zur Absicherung Broker/Bank anrufen.

spiderwilli schrieb am 22.12.2011, 09:45 Uhr[/url]"]fast so vermutet. wie lange geht das bei uns. denke mal bis jahresende.
habe vorgestern einen neue gekauften goldcall verkauft um verlust zu verrechnen.
kann ich diesen schein ohne bedenken nach kurzer zeit wieder ins depot kaufen?

Ollinho schrieb am 22.12.2011, 09:39 Uhr[/url]"]Moin Willi...

Ja das ist eine Möglichkeit erlittene Verluste im Veranlagungsjahr gelten zu machen. Man verkauft demnach im laufenden Jahr seine Verlustposition um die Verluste "geltend" machen zu können und kauft nach einer Frist den gleichen Wert wieder ins Depot (oder auch nicht).

>>> http://www.miningmarkets.ca/news/tis-the-season-for-tax-loss-selling/1000718327/

spiderwilli schrieb am 22.12.2011, 09:33 Uhr[/url]"]was bedeutet Tax loss selling
eine art von verluste im alten jahr zu generieren.

Ollinho schrieb am 22.12.2011, 09:26 Uhr[/url]"]Jep...morgen Abend hat der Spuck zumindest ein Ende!

Cadrach schrieb am 22.12.2011, 09:22 Uhr[/url]"]Morgen endet doch das Tax loss selling , richtig ? (Sprich morgen ist der letzte Tag)

 

[Ollinho]

Jo wie gesagt ich weiß definitiv, dass es da einige umkämpfte Urteile gab die genau um den sog. Gestaltungsmissbrauch entschieden wurden.

Nur als Beispiel, dass die Finanzämter oft genau darauf abzielen bzw. ihre Verfahrensgrundlage aufbauen dieser Fall: http://lexetius.com/2009,2964

FA verlangt Revision wegen Gestaltungsmissbrauch, der aber wie erwähnt in der neuesten Rechtsprechung nicht mehr die Relevanz hat und die Urteile zugunsten des Aktienverkäufers ausfallen. Es gab früher aber einige Fälle bei denen der Gestaltungsmissbrauch zu deutlich ausgeführt wurde. Dann wurde es gelockert um den Sachverhalt, dass An- und Verkäufe zu unterschiedlichen Kursen keinen Gestaltungsmissbrauch mehr darstellen und die letzten mir bekannten Urteile ca. ab 2005 gingen alle in die Richtung, dass auch kein Missbrauch vorliegt wenn die Kurse identisch sind. Die Abgeltungssteuer-Einführung tat ihr übriges.

Nur ich bin nicht mehr wirklich "up to date" und deshalb nat. alles mit Vorbehalt da es Wissen von vor einigen Jahren ist. Im Recht + Steuersystem sind ein paar Jahre ja teilweise Welten

Cadrach schrieb am 22.12.2011, 10:48 Uhr[/url]"]Also bisher gibt es da noch keine neuen Urteile. (Schaue mir die aber noch mal gerne an)
Von einem Gestaltungsmissbrauchsfall habe ich bisher noch nichts gelesen.

Ollinho schrieb am 22.12.2011, 10:06 Uhr[/url]"]Die "tax loss selling rules" beziehen sich auf den nordamerik. Raum!

Bei uns greifen ja eh die Regeln der Abgeltungssteuer. Du hast dabei die Wahl ob du etwaige Verluste per Verlustbescheinigung im Veranlagungsjahr geltend machen willst oder die erlittenen Verluste bei deiner Bank/Broker ins Folgejahr übertragen werden und dann mit neuen Gewinnen verrechnet werden.
>>> http://www.jblaustein.de/finanzen/abgeltungsteuer/abgeltungsteuer_verrechnung.html

Grundsätzlich kann man nach neuester Rechtsprechung Positionen drehen. In der Vergangenheit gab es dazu aber unterschiedliche Rechtsprechungen. Es gab Gerichte, die bei einem identischen Verkauf+Kaufkurs einen sog. "Gestaltungsmissbrauch" festgestellt haben.

Grundsätzlich gilt nach meinem Kenntnisstand folgendes:

Das Urteil des BFH
Werden Wertpapiere innerhalb der Spekulationsfrist veräußert und am selben Tag in gleicher Art und Anzahl, aber zu unterschiedlichen Kursen wieder gekauft, so liegt hierin nach Auffassung des Bundesfinanzhofs kein Gestaltungsmissbrauch im Sinne des § 42 der Abgabenordnung vor. Der Tatbestand des § 23 EStG umfasst nämlich nur zwei Akte, den Ankauf von Wertpapieren und deren Verkauf innerhalb der Jahresfrist. Dies gilt unabhängig vom nachfolgenden Wiederkauf, denn hierdurch wird eventuell ein neuer Steuertatbestand in Gang gesetzt. Es entspricht gerade dem Zweck des § 23 EStG, derart kurzfristige Handelserfolge – sowohl positiv als auch negativ – zu erfassen. Angesichts der Schwankungsbreite börsennotierter Wertpapiere und dem daraus resultierenden Risiko sei der Verkauf unabhängig von dem folgenden Wiederkauf zu würdigen.

Der Haken
Anders als das Finanzgericht hält der Bundesfinanzhof eine Gesamtbeurteilung von Verkauf und Rückkauf nach dem Missbrauchsparaphen 42 AO aber durchaus für möglich. Dies könnte wohl der Fall sein, wenn der Rückkaufkurs genau dem Verkaufkurs der Wertpapiere entspricht oder der Anleger besondere Anstrengungen unternimmt, um seine Position ohne Kursrisiko zu „drehen“. [IX R 60/07]

Muss dazu sagen, dass ich rechtlich nicht mehr ganz up to date bin.... also zur Absicherung Broker/Bank anrufen.

spiderwilli schrieb am 22.12.2011, 09:45 Uhr[/url]"]fast so vermutet. wie lange geht das bei uns. denke mal bis jahresende.
habe vorgestern einen neue gekauften goldcall verkauft um verlust zu verrechnen.
kann ich diesen schein ohne bedenken nach kurzer zeit wieder ins depot kaufen?

Ollinho schrieb am 22.12.2011, 09:39 Uhr[/url]"]Moin Willi...

Ja das ist eine Möglichkeit erlittene Verluste im Veranlagungsjahr gelten zu machen. Man verkauft demnach im laufenden Jahr seine Verlustposition um die Verluste "geltend" machen zu können und kauft nach einer Frist den gleichen Wert wieder ins Depot (oder auch nicht).

>>> http://www.miningmarkets.ca/news/tis-the-season-for-tax-loss-selling/1000718327/

spiderwilli schrieb am 22.12.2011, 09:33 Uhr[/url]"]was bedeutet Tax loss selling
eine art von verluste im alten jahr zu generieren.

Ollinho schrieb am 22.12.2011, 09:26 Uhr[/url]"]Jep...morgen Abend hat der Spuck zumindest ein Ende!

Cadrach schrieb am 22.12.2011, 09:22 Uhr[/url]"]Morgen endet doch das Tax loss selling , richtig ? (Sprich morgen ist der letzte Tag)

 

[spiderwilli]

ist greenie noch da ?

 

[greenhorn]

ja!

spiderwilli schrieb am 22.12.2011, 11:10 Uhr[/url]"]ist greenie noch da ?

 

[spiderwilli]

greenhorn schrieb am 22.12.2011, 11:29 Uhr[/url]"] ja!

spiderwilli schrieb am 22.12.2011, 11:10 Uhr[/url]"]ist greenie noch da ?

danke, konnte nicht mehr länger warte

 

[dukezero]

A segment of today's Mining Scoop out of Scotia below, that shows the house is still bullish on the outlook for copper. Your humble scribe credits them for being persistent, obstinate or perhaps even deluded. But most of all because we agree with the Scotia call and 2012 will be a good one for copper...and what could possibly go wrong? Here's the excerpt (no link, it's an e-mail thingy):
Copper Cancelled Warrants Up in Asia +7300t Overnight. Yesterday we noted that copper inventories in Asia (particularly LME Asia) are nearing 5 year lows and the boost to cancelled warrants indicates LME Asia inventories are heading even lower. Note there is only 36,825t in LME Asia at present. Copper Premiums in China continue to hold up ($110 to $135/t) despite we are on the forefront of a long Holiday period. China always slows down before the Chinese New Year and in 2012 it is the earliest it has been/or will be for the next decade. So the slowness you would normally see in January is happening this year around now. Very interesting to see Copper fundamentals hold up despite this - Scotia Mining Sales thinks February will prove to be a key month that should translate to a pick-up in seasonal copper demand and given the low inventories - a looming supply squeeze should translate to higher copper prices.

 

[dukezero]

 

[dukezero]

 

[Moritz]

Nickel kommt wieder- noch vieeel Luft

 

[dukezero]

December 22, 2011 08:30 ET
First Bauxite Corporation Announces Signing Letter of Intent to Enter Into Its First Sintered Bauxite Supply Off-Take Agreement

TORONTO, ONTARIO--(Marketwire - Dec. 22, 2011) - First Bauxite Corporation (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) ("First Bauxite" or the "Company") is pleased to announce that it has signed a Letter of Intent ("LOI") to enter into its first Sintered Bauxite Supply Off-Take Agreement ("Off-Take Agreement") with a global refractory products manufacturer (the "Customer"). The LOI commits both the Company and the Customer to conclude a multi-year Off-Take Agreement within six months from the date of signing based on terms which have been set out in the LOI. The LOI reflects the recognition by the Customer that FBX is in the process of securing "Bankable" Off-Take Agreements to underpin the debt component of its project financing plan.

"The Customer is a leading producer of shaped and monolithic refractories and a significant purchaser of refractory bauxite," stated Hilbert N. Shields, President and CEO. "The Customer's strategic interest in becoming First Bauxite's inaugural consumer is gratifying in that it further validates the high quality of First Bauxite's expected Guysin® product from a prominent end-user of refractory bauxite."

First Bauxite has received feedback from a number of potential customers on all continents who are end users of the Company's Guysin® product and to whom "lab-scale" manufactured Guysin® samples were distributed for qualifying in their own test facilities. The responses have been very positive and have generated requests for larger samples that can be integrated and "works tested" in their benchmarked product lines.

Mr. Ioannis (Yannis) Tsitos, Interim Chairman, commented, "The execution of this first LOI represents an important step towards securing project financing to bring the Bonasika refractory bauxite mine into production. Along with the recently announced Bankable Feasibility Study Update, receipt of the Environmental Permit, and the signing of the Mineral Agreement in Guyana, the conversion of market interest in Guysin® into a Sintered Bauxite Supply Off-Take Agreements is a significant milestone in enabling First Bauxite to develop this world-class project."

About First Bauxite

First Bauxite Corporation (TSX VENTURE:FBX) is a Canadian natural resource company engaged in the exploration and development of bauxite deposits in Guyana, South America. The Company has its head office in Toronto and is managed by experienced geoscientists and business development professionals with worldwide experience in the exploration and mining business across a number of mineral commodities. The mission of First Bauxite is to become a near term, medium size producer and supplier of high quality refractory grade sintered (calcined) bauxite. First Bauxite controls a large land package in Guyana's historical coastal bauxite belt, including the Bonasika Mining License, the Waratilla-Cartwright Prospecting License, and the Essequibo PGGS Prospecting Permit. The Company also holds the Tarakuli and contiguous Tarakuli North-West Prospecting Licenses in Northeast Guyana. The Company's Bankable Feasibility Study Update defines and confirms the economic viability of an operation based on sequential mining of the two (2) bauxite deposits (Bonasika 6 and Bonasika 7), and the construction of a washing plant facility, a sintering plant, and load out facilities, at Sand Hills. The Bonasika 1, 2 and 5 deposits are additional value and would increase the mine of life from 36 years to 44.5 years. For further information on First Bauxite Corporation, please visit our corporate website at www.firstbauxite.com.

 

[NewAccount]

Riva Gold Provides Corporate Update

VANCOUVER, Dec. 21, 2011 /PRNewswire/ - Riva Gold Corporation (TSX-V: RIV) ("Riva" or "the Company") announces that the Board of Directors has approved the sale of the Company's subsidiaries, assets and properties thereby concluding its focus on mineral exploration in Guyana.

Subsequent to the completion of several exploration programs and evaluation of the data collected on certain of the Company's mineral properties in Guyana, Riva has concluded that there remain no obvious drill targets. The Board has therefore decided that it would no longer be prudent to continue active exploration on these mineral properties following the Company's staged exploration approach. The Company's current objective is to minimize cash outflow as it is aware that there are other exploration opportunities in other jurisdictions which could be a better use of Company resources.

Riva's four subsidiaries have been sold to the Pereira Group for US$50,000. In addition, the Company has identified opportunities to sell certain of its assets and properties locally in Guyana for approximately US$445,000, of which US$360,000 has been received with the majority of the remaining expected to be received by year end. Riva forecasts its cash position to be approximately C$8.8 million at December 31, 2011.

"Our decision is consistent with our strategy to take a staged approach in our actions," commented Richard Warke, Riva Gold's chairman and CEO. "We have a healthy cash balance and we are currently carefully evaluating other potential alternatives in the market place. Our current objective is to minimize cash outflow and remain flexible as opportunities arise."

 

[NewAccount]

Almaden Provides Exploration Update

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/21/11 -- Almaden Minerals Ltd. (TSX:AMM)(NYSE Amex:AAU) ("Almaden" or "the Company") is pleased to report results from exploration programs, regional and project specific, carried out by the Company outside of our 100% owned Tuligtic project. In 2011 the Company was primarily focussed on an expanded drill program at the Ixtaca gold-silver zone of the Tuligtic project where 86 holes were drilled for a total of 31,016.64 meters. Despite the focus at Tuligtic the Company continues to prospect for new projects and has also been advancing other projects already in Almaden's large property portfolio.

J.D. Poliquin, chairman of Almaden commented, "Our prospecting and project generation programs continue to yield results. We maintain our search for new opportunities through grassroots exploration which exploits our proprietary database and proven technical abilities. We look forward to adding to our portfolio of projects and planning future drill programs based on the results of this property scale work."

NEVADA EXPLORATION

BP Project, Nevada

The 100% owned BP project is covers an area Carlin type mineralisation including areas of jasperoid and clay alteration developed in an exposed debris flow in lower plate rocks, the geologic succession that hosts many of the important gold deposits in northern Nevada. The alteration and host rocks are typical of that of major Carlin type deposits in Nevada and the prospect is located roughly 30 miles from the Carlin district along the Carlin trend. In 2011 Almaden conducted a surface soil sampling program at the BP project. The results are characteristic of a Carlin system and areas of anomalous Tl, As, Sb, Au and Ag were defined. A total of 671 soils were collected returning gold values which ranged from less than detection to 34.9 ppb gold and averaging 2.6 ppb gold. These results are considered to be very encouraging and Almaden plans further surface work in 2012 to better define targets for a future drill program.

Paradise Valley, Nevada

This early stage 100% owned project located near the historic Paradise Peak gold mine in central Nevada covers an area of acid sulphate alteration interpreted to represent a high sulphidation system and was acquired by staking. A surface rock sampling program planned for 2011 will be conducted in 2012.

Willow, Nevada

The Willow project covers an area of hydrothermal alteration interpreted to represent the lithocap to a large preserved porphyry copper-gold system. Geologic and alteration mapping has outlined a roughly 2 by 2 kilometer area of intense hydrothermal alteration characterized by silicification, brecciation and alunite, kaolinite and dickite alteration, all features typical of a high sulphidation system overlying a porphyry intrusion at depth. Supporting fluid inclusion analysis confirms the presence of a porphyry system. Soil stream sediment and rock samples have returned anomalous values of copper, gold, molybdenum, silver and trace elements typical of this geologic environment. In 2011 Almaden conducted a Titan 24 Deep Earth Imaging survey on the project. The Titan survey results outlined several large areas of high chargeability, both near to surface and at depth. Also in 2011 Almaden and Westhaven Ventures Inc. (TSX VENTURE:WHN) ("Westhaven") agreed to terms whereby Westhaven could have acquired a 60% interest in the Willow project. Almaden and Westhaven have mutually agreed to cancel this agreement. Almaden now plans a drill program for 2012.

MEXICAN EXPLORATION

El Cobre, Mexico

In December 2011 Almaden completed a Titan 24 Deep Earth Imaging survey on this 100% owned copper-gold porphyry project located in Veracruz State. While final results are awaited and will be reported in January, preliminary results confirm a large area of high chargeability interpreted to represent high concentrations of sulphides. Past drilling at El Cobre, conducted by Almaden and past partners, has clearly only tested shallow and largely peripheral portions of the high chargeability zones and confirms that the sulphide development represents a large porphyry system which Almaden intends to test with a drill program in 2012.

Lajas, Mexico

A surface rock chip sampling program was conducted on this 100% owned Almaden project from which results are pending. The claim covers quartz-carbonate veins exhibiting classic epithermal textures. The Company will plan further work based upon the results of the 2011 program.

Terrerillos, Mexico

A surface rock chip sampling program was conducted on this 100% owned Almaden project from which results are pending. The claim covers a large area of high level clay alteration interpreted to be similar to the barren alteration that caps the Company's Ixtaca zone of epithermal gold-silver veining and the Company believes that this alteration may similarly cover epithermal veining. Further work will be planned based upon the results of the 2011 program.

Regional Exploration, Mexico

In 2011 Almaden conducted a regional prospecting program in Eastern Mexico focused on the discovery of targets similar to the company's gold-silver Ixtaca zone at its wholly owned Tuligtic project in Puebla State. Results are pending from this prospecting and will be reported once received however based on geologic evidence the Company is currently filing for mineral title in several areas.

Yago, Mexico

In 2011 Almaden agreed to terms with G4G Resources Ltd. (TSX VENTURE:GXG) ("G4G") whereby G4G could have acquired a 70% interest in Almaden's 100% owned Yago gold-silver project located in Nayarit State Mexico. Almaden and G4G have mutually agreed to cancel this agreement. Almaden plans a surface sampling and geophysical program in 2012 to follow-up past exploration results which have identified several areas of epithermal veining interpreted to represent a high level environment located above potential ore zones.

 

[spiderwilli]

gold müsste gleich die 1600 testen

 

[NewAccount]

Castillian Resources Corp. Joins OTCQX

NEW YORK, Dec. 22, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Castillian Resources Corp. (OTCQX: CTIIF; TSX.V: CT), a Canadian mineral exploration company, is now trading on the highest tier of the OTC market, OTCQX®.

Castillian Resources began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

"OTCQX provides services to companies which enable them to communicate with and engage their investors, while providing them with transparent trading and easy access to company information," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Castillian Resources to OTCQX."

Hodgson Russ LLP will serve as Castillian Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

 

[NewAccount]

Osisko and DIOS Discover New Gold Showings on the AU33 WEST Project

MONTREAL, QUEBEC -- (Marketwire) -- 12/22/11 -- Osisko Mining Corporation (the "Company" or "Osisko") (TSX:OSK)(FRANKFURT:EWX) and Dios Exploration Ltd ("Dios")(TSX VENTURE:DOS) are pleased to announce the results of the 2011 sampling program on the AU33 WEST property, situated south of Eastmain River in the James Bay region of Quebec. The work revealed outcropping gold showings in a felsic (tonalite-granodiorite) intrusive complex, with 34 of the mineralized outcrops concentrated in an 18-km2 area. All the showings yielded values above 100 ppb gold (0.1 g/t Au), and seven yielded between 1.58 g/t and 23.6 g/t Au. These anomalous values represent 13% of the 260 samples collected from this part of the property.

A two-month prospecting program was carried out on the AU33 WEST property in 2011, targeting the felsic (tonalite-granodiorite) igneous complex, the diorites and the volcanic belts found up-ice of gold-bearing till dispersal trains and boulders defined by DIOS' earlier work. In all, 807 outcrops from across the property were described, sampled and analyzed for gold.

The outcropping auriferous mineralization comprises 1-2% pyrite as disseminations and fracture fillings, locally accompanied by minor chalcopyrite and malachite, and is associated with potassic alteration. The gold-bearing outcrops were found up-ice of a NE-to-SW glacial dispersal train using historical data and DIOS' data for auriferous till and boulders.

The gold values are associated with silver grades and generally copper as well, in addition to bismuth and molybdenite, suggesting a porphyry-type deposit. The individual outcrops remain open laterally and at depth, and future work will focus on detailed prospecting, stripping, channelling and drilling to better define the nature and extent of the mineralization.

The style of mineralization (disseminated, not vein-hosted) and metal association suggest potential for a low-grade bulk tonnage porphyry gold deposit on the property.

Osisko has the option to acquire a 51% undivided interest in the AU33 WEST property by incurring $5,000,000 in exploration expenditures and making cash payments of $700,000 during a five-year period. Osisko has the option to acquire an additional 9% participating interest in exchange for $9,000,000 of additional exploration expenditures during an additional five-year period, each million dollars ($1,000,000) of additional expenditures increasing Osisko's interest by 1%. And finally, Osisko also has the option to acquire an additional 10% interest by solely funding a feasibility study pertaining to the AU33 WEST property within a time period equal to the lesser of: (i) the remaining time before expiry of the second option period, and (ii) a period of two years. Osisko will be Project Manager during the option period.

Osisko follows strict QA-QC protocol measures in keeping with industry standards and regulatory reporting requirements. All assays reported above were obtained by standard 50-g fire assay with AA or gravimetric finish (method Au-AA24) and a multi-element package applied to selected samples (method ME-ICP 41) at the ALS Chemex laboratories in Val-d'Or, Quebec. This news release was prepared by J. Berge, Jr. Eng., and approved by Louis Caron, P.Geo., the Qualified Person (43-101).

 

[Cadrach]

Hoffe das die 1600 hält...

spiderwilli schrieb am 22.12.2011, 14:41 Uhr[/url]"]gold müsste gleich die 1600 testen

 

[greenhorn]

sehr schön!

CCG-Redaktion schrieb am 22.12.2011, 14:35 Uhr[/url]"]December 22, 2011 08:30 ET
First Bauxite Corporation Announces Signing Letter of Intent to Enter Into Its First Sintered Bauxite Supply Off-Take Agreement

TORONTO, ONTARIO--(Marketwire - Dec. 22, 2011) - First Bauxite Corporation (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) ("First Bauxite" or the "Company") is pleased to announce that it has signed a Letter of Intent ("LOI") to enter into its first Sintered Bauxite Supply Off-Take Agreement ("Off-Take Agreement") with a global refractory products manufacturer (the "Customer"). The LOI commits both the Company and the Customer to conclude a multi-year Off-Take Agreement within six months from the date of signing based on terms which have been set out in the LOI. The LOI reflects the recognition by the Customer that FBX is in the process of securing "Bankable" Off-Take Agreements to underpin the debt component of its project financing plan.

"The Customer is a leading producer of shaped and monolithic refractories and a significant purchaser of refractory bauxite," stated Hilbert N. Shields, President and CEO. "The Customer's strategic interest in becoming First Bauxite's inaugural consumer is gratifying in that it further validates the high quality of First Bauxite's expected Guysin® product from a prominent end-user of refractory bauxite."

First Bauxite has received feedback from a number of potential customers on all continents who are end users of the Company's Guysin® product and to whom "lab-scale" manufactured Guysin® samples were distributed for qualifying in their own test facilities. The responses have been very positive and have generated requests for larger samples that can be integrated and "works tested" in their benchmarked product lines.

Mr. Ioannis (Yannis) Tsitos, Interim Chairman, commented, "The execution of this first LOI represents an important step towards securing project financing to bring the Bonasika refractory bauxite mine into production. Along with the recently announced Bankable Feasibility Study Update, receipt of the Environmental Permit, and the signing of the Mineral Agreement in Guyana, the conversion of market interest in Guysin® into a Sintered Bauxite Supply Off-Take Agreements is a significant milestone in enabling First Bauxite to develop this world-class project."

About First Bauxite

First Bauxite Corporation (TSX VENTURE:FBX) is a Canadian natural resource company engaged in the exploration and development of bauxite deposits in Guyana, South America. The Company has its head office in Toronto and is managed by experienced geoscientists and business development professionals with worldwide experience in the exploration and mining business across a number of mineral commodities. The mission of First Bauxite is to become a near term, medium size producer and supplier of high quality refractory grade sintered (calcined) bauxite. First Bauxite controls a large land package in Guyana's historical coastal bauxite belt, including the Bonasika Mining License, the Waratilla-Cartwright Prospecting License, and the Essequibo PGGS Prospecting Permit. The Company also holds the Tarakuli and contiguous Tarakuli North-West Prospecting Licenses in Northeast Guyana. The Company's Bankable Feasibility Study Update defines and confirms the economic viability of an operation based on sequential mining of the two (2) bauxite deposits (Bonasika 6 and Bonasika 7), and the construction of a washing plant facility, a sintering plant, and load out facilities, at Sand Hills. The Bonasika 1, 2 and 5 deposits are additional value and would increase the mine of life from 36 years to 44.5 years. For further information on First Bauxite Corporation, please visit our corporate website at www.firstbauxite.com.

 

[greenhorn]

8) also wird das "Zeug" wohl doch gebraucht..............

December 22, 2011 08:23 ET

Talison Lithium Concludes Negotiations for H1 CY12 Sales and Achieves a 15% Price Increase for All Products

http://www.marketwire.com/press-rel...ves-15-price-increase-all-tsx-tlh-1601422.htm

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 22, 2011) -

First Half Calendar 2012 Sales

Talison Lithium Limited ("Talison" or the "Company") (TSX:TLH) advises that it has concluded negotiations with its customers with regards to first half calendar 2012 sales. A price increase of 15% has been agreed with customers across Talison's entire product range. Approximately 75% of sales for the period have been contracted with the balance to be sold to other customers who typically contract on a shipment by shipment basis.

Bunbury Port Congestion

Due to berth closures and unplanned Port outages there is currently significant congestion at the Port of Bunbury impacting all Port users. This may result in approximately 38,000 tonnes of Talison's lithium concentrate sales that were ready at the Port for shipment earlier this month being delayed into early January 2012. A delay would reduce sales for the December quarter but is not expected to affect sales for the 2012 fiscal year.

1 Year Injury Free

Talison has recently passed an important milestone of one year lost time injury (LTI) free days at its Greenbushes Lithium Operations. This was achieved through the commitment of all employees and contractors towards safety. The milestone is especially notable as it was achieved during the presence of a large additional workforce on site as part of the current expansion of the Greenbushes Lithium Operations.

About Talison

Talison is a leading global producer of lithium. Talison has been producing lithium concentrate for a global customer network from the Greenbushes Lithium Operations in Western Australia for over 25 years. In addition, Talison explores for lithium at the Salares 7 lithium project made up of seven salars located in Region III, Chile.

greenhorn schrieb am 08.12.2011, 08:57 Uhr[/url]"]December 08, 2011 01:30 ET

Talison Lithium and Sojitz Sign Memorandum of Understanding
http://www.marketwire.com/press-rel...morandum-of-understanding-tsx-tlh-1596094.htm

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 8, 2011) - Talison Lithium Limited ("Talison") (TSX:TLH) and Sojitz Corporation ("Sojitz") announced today that they have signed a Memorandum of Understanding ("MOU") to discuss on a non-exclusive basis collaborative marketing and distribution opportunities in Japan for lithium carbonate produced by Talison.

Responding to growing global demand for an additional secure supply of lithium chemicals, particularly from electric vehicle battery manufacturers, Talison is aggressively pursuing its proposed plant to convert lithium minerals into lithium carbonate ("Minerals Conversion Plant"). The Minerals Conversion Plant is to be located in Western Australia with an initial capacity of 20,000 tonnes per annum lithium carbonate. Talison is targeting commissioning of the plant in its 2015 financial year.

Sojitz is a leading Japanese trading firm with extensive involvement in the battery material market and more than 30 years' experience in distributing lithium chemicals to customers in Japan. Sojitz is interested in accessing an additional supply of lithium chemicals to support its customers in the rapidly growing lithium-ion battery market in Japan.

Talison and Sojitz foresee the potential for mutual benefit in collaborative marketing and distribution of lithium chemicals to customers located in Japan, and ensuring the sustainable growth of the lithium-ion battery market. The Memorandum of Understanding provides a framework for Talison and Sojitz to discuss collaboration opportunities on a non-binding basis and is valid for an initial period of 12 months.

Talison Chief Executive Officer Mr Peter Oliver said: "This MOU is the next step in the development of Talison's Mineral Conversion Plant as it will enable Talison to accelerate the formation of customer relationships in Japan - one of the world's largest markets for lithium carbonate."

Senior Vice President Mr Yoshihiro Tamura of Sojitz commented: "Talison owns one of the largest lithium resources in the world and has already been producing lithium concentrate for many years. Sojitz is excited about Talison's plan to produce lithium carbonate and foresees a unique opportunity for two of the leading participants in the global lithium market to work together to develop a stable secure supply of lithium for new energy markets in Japan."

greenhorn schrieb am 05.12.2011, 15:15 Uhr[/url]"]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.

 

[greenhorn]

December 22, 2011 08:30 ET

Luna Gold Announces Proposed Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2011) - Luna Gold Corp. (TSX VENTURE:LGC)(LMA:LGC) ("Luna Gold" or the "Company") announces today a proposed consolidation (the "Share Consolidation") of its share capital on the basis of up to five (5) existing common shares for one (1) new common share. Currently, a total of 522,550,895 common shares in the capital of the Company are issued and outstanding. Accordingly, if put into effect on the basis of five (5) existing common shares for one (1) new common share, a total of 104,510,179 common shares in the capital of the Company would be issued and outstanding following the Share Consolidation, assuming no other change in the issued capital.

The Share Consolidation will affect all of the Company's stock options and warrants issued and outstanding at the effective date. At the time of the Share Consolidation, the number, exchange basis or exercise price of all stock options and warrants issued and outstanding will be adjusted to reflect the one-for-five Share Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.

The Board of Directors of the Company will ask the shareholders of the Company to approve the Share Consolidation at a Special Meeting of shareholders to be held on Tuesday, February 14, 2012. The Share Consolidation is subject to shareholder approval and acceptance of the TSX Venture Exchange.

 

[greenhorn]

December 22, 2011 - 5:39 AM EST

Perseus Mining Limited - RESOURCE UPGRADE - Edikan Gold Mine, Ghana

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:PRU-1913635&symbol=PRU&region=C
PERTH, Western Australia, Dec. 22, 2011 /CNW/ - Perseus Mining Limited ("Perseus" or the "Company") (TSX & ASX: PRU) ("Perseus") is pleased to release an updated resource estimate for the Edikan Gold Mine ("EGM") in Ghana, West Africa.

Highlights

954,000oz increase in Measured and Indicated ("M&I") mineral resources at EGM
M&I mineral resources at EGM now 143.9Mt, containing 5.3Moz of gold
Perseus's total M&I mineral resources increased to 184.5Mt containing 6.7Moz of gold
Perseus's total Inferred mineral resources increased 76,000oz to 76.9Mt containing 2.3Moz of gold.
A maiden Resource estimate has been declared for the Bokitsi deposit
Drilling is continuing on deposits the subject of the upgrade, assays results for 50 holes pending
Revised reserve estimate based on the new resource models expected to be completed in March 2012. Perseus's current Reserve base stands at 3.9Moz of gold.
Esuajah North resource upgrade will be completed in March 2012 following completion of a large drilling program.
Further resource upgrades at EGM planned for 2012
Upcoming resource upgrade at Company's Côte d'Ivoire projects planned for June Quarter 2012
Mark Calderwood, Managing Director's Comments
"We achieved another significant increase in Measured and Indicated resources at EGM even though assay results from 50 drill holes within the current resource upgrade areas are pending. The historic high conversion rate for Inferred resources augurs well for future upgrades to Measured and Indicated resources."

"The Esuajah North resource upgrade will be completed in March 2012 following completion of a large drilling program. Thirteen holes remain to be drilled and assays for an additional 52 holes are pending."

"The Company continues its excellent track record of growing its Measured & Indicated resources organically at an average rate of 1.4Moz per annum over the past four years, and strong upside potential remains."

"The Company plans to ramp up exploration drilling on a number of new targets at EGM and elsewhere in Ghana and Côte d'Ivoire during 2012."

 

[NewAccount]

Benton Releases Final Drilling Results at Abernethy

THUNDER BAY, ONTARIO -- (Marketwire) -- 12/22/11 -- Benton Resources Corp. (TSX VENTURE:BTC) ("Benton" or "the Company") is pleased to announce that the Company has now received all assay results from its recently completed diamond drilling program on its 100% owned Abernethy gold project located 10km southwest of Kenora, Ontario. The drill program has confirmed the potential to outline a significant gold resource on the property. A total of nine holes were drilled with seven of the holes testing the main horizon and the other two testing areas north and south of the main horizon. The main horizon known as the "Mingold Zone" has been traced for approximately 550m in strike length and up to 77m core length in width and is open in all directions. The Mingold Zone was discovered by a single hole drilled by Hudbay minerals in 1965 (17.8 gpt gold over 1.52 metres) and subsequently three more holes drilled by MinGold in 1989 which returned up to 6.30 gpt gold over 6.1 metres (see Benton's PR dated April 18, 2011).

Benton's drill campaign was successful in confirming and expanding the mineralization in strike length and at shallow depths. The gold mineralization warrants further drilling to test the full extent, grade and potential of this new discovery. Based on the limited shallow diamond drilling completed to date the mineralization appears to be a large gold system with multiple parallel zones. A location map can be viewed on the company's web site and a table of significant results from all drill holes is listed below:


----------------------------------------------------------------------------
Hole ID From To Core length (m) Grade (g/t Au)
----------------------------------------------------------------------------
ABE11-01 102.4 103 0.6 4.48
----------------------------------------------------------------------------
and 121.15 127 5.85 2.63
----------------------------------------------------------------------------
includes 125.5 127 1.5 7.78
----------------------------------------------------------------------------
and 151.7 153.2 1.5 1.69
----------------------------------------------------------------------------
ABE11-03 46.5 49.5 3 0.98
----------------------------------------------------------------------------
ABE11-04 94.4 96.1 1.7 1.85
----------------------------------------------------------------------------
and 110.8 115.2 4.4 2.56
----------------------------------------------------------------------------
includes 110.8 112.3 1.5 6.96
----------------------------------------------------------------------------
and 133.5 134.05 .55 1.22
----------------------------------------------------------------------------
ABE11-05 70.9 73.4 2.5 0.34
----------------------------------------------------------------------------
ABE11-06 117.75 130.7 12.95 0.45
----------------------------------------------------------------------------
includes 117.75 119.7 1.95 1.46
----------------------------------------------------------------------------
and 128.1 130.7 2.6 0.78
----------------------------------------------------------------------------
ABE11-07 (i) 123.5 216 92.5 0.46
----------------------------------------------------------------------------
includes 156.5 164 7.5 2.24
----------------------------------------------------------------------------
ABE11-08 4.9 10.45 5.55 0.48
----------------------------------------------------------------------------
and 66.25 67.75 1.5 1.22
----------------------------------------------------------------------------
ABE11-09 39.25 41.7 2.45 0.82
----------------------------------------------------------------------------
and 75.5 76.4 1.32 0.9
----------------------------------------------------------------------------
and 127.75 131.5 3.75 0.48
----------------------------------------------------------------------------
(i) Previously reported on, see Benton's PR dated November 15, 2011 for more
details of this intersection


In addition, Benton is pleased to announce that Mineral Mountain Resources (TSX VENTURE:MMV) has made its final share payment under its agreement with Benton to purchase the Golden Harp Copper Hill option (see Benton's PR dated October 26, 2010). Benton now holds approximately 8.47 million shares of Mineral Mountain's issued and outstanding shares.