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Rohstoffthread / CCG-Hauptthread
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DJ DEVISEN/Goldpreis markiert bei 1.640,80 USD neues Allzeithoch
Dow Jones
LONDON (Dow Jones)--Wachsende Konjunktursorgen und weiter schwelende Ängste hinsichtlich der europäischen Schuldenkrise lassen den Goldpreis weiter steigen. Im Handel ist aber auch von Goldkäufen durch diverse Zentralbanken die Rede. Am Dienstagnachmittag markierte der Preis für das Edelmetall ein weiteres Allzeithoch, in London erreichte der Goldpreis in der Spitze 1.640,80 USD je Feinunze. Die Einigung im US-Schuldenstreit scheint das Interesse an der "Krisenwährung" Gold nicht zu schmälern.
DJG/DJN/flf
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August 02, 2011 09:21 ET (13:21 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.
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Dow Jones
LONDON (Dow Jones)--Wachsende Konjunktursorgen und weiter schwelende Ängste hinsichtlich der europäischen Schuldenkrise lassen den Goldpreis weiter steigen. Im Handel ist aber auch von Goldkäufen durch diverse Zentralbanken die Rede. Am Dienstagnachmittag markierte der Preis für das Edelmetall ein weiteres Allzeithoch, in London erreichte der Goldpreis in der Spitze 1.640,80 USD je Feinunze. Die Einigung im US-Schuldenstreit scheint das Interesse an der "Krisenwährung" Gold nicht zu schmälern.
DJG/DJN/flf
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Copyright (c) 2011 Dow Jones & Company, Inc.
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Galway Provides Update on Personnel for its Ongoing Gold Initiative in Colombia
TORONTO, Aug. 2, 2011 /CNW/ - Galway Resources Ltd. (GWY: TSX-V) is pleased to provide an update of its personnel and technical team involved with the Company's gold exploration initiative in Colombia. Our primary projects are the California and Vetas gold projects, located in northeast Colombia, with drill programs occurring at both. There are 3 drill rigs operating at the California property, located adjacent to and along strike with the La Bodega/La Mascota deposit (acquired for $1.5 billion in cash by AUX Canada). Galway also owns a 360 meter-long fractional land position that appears to be directly within the La Mascota mineralized structure. Drilling at Vetas began in the second quarter, with 2 rigs operating at the high-grade El Volcan gold-silver mine, which is located 8 km southeast of California and is the largest gold producer in the region.
"We are extremely pleased to add depth to our personnel as we advance our gold projects. As can be seen in the following headlines from our most recent two press releases on California drill results, and the first ever release of drill results from the Vetas gold-silver project, results from both projects have been very encouraging. We look forward to continued success as we advance what we believe to be highly prospective gold projects in Colombia," states Robert Hinchcliffe, President and CEO of Galway Resources.
Galway's best gold intersect yet: 26 m of 129 g/t and 21.5 m of 8.5 g/t in one hole, and 92.5 m of 2.9 g/t and 114 m of 1.1 g/t in another from California gold project in Colombia (July 21, 2011)
Galway intersects 97.0 m of 3.0 g/t gold, 86.0 m of 2.7 g/t gold and 13.0 m of 9.0 g/t gold from California gold project in Colombia (July 14, 2011)
Galway intersects 21.9 g/t gold over 6.7 m, 82.4 g/t gold over 2.7 m and 9.7 g/t gold over 9.4 m from Vetas gold-silver project in Colombia (June 22 , 2011)
Personnel and Technical Team Update
Galway is pleased to announce that Mr. Alfonso Gómez Rengifo has agreed to join its Board of Directors. Mr. Gómez has over 30 years experience working in the resource sector, holding various positions with prominent international mining companies in Colombia. Mr. Gómez has been with the Company since 2006 and is currently the Colombia Country Manager, in charge of the Company's efforts in Colombia regarding financial, legal, permitting, environmental and community affairs among other areas. Before joining Galway, Mr. Gómez was Vice President of Operations for Prodeco and Vice President of Public Affairs for Carbones del Cerrejon, Latin America's largest coal producer and owner of one of the largest open pit coal mines in the world, producing 35 million tons per year. Mr. Gómez has a Bachelor of Arts, Economics, from El Rosario University, Bogota, Colombia, and a Master of Arts, International Commerce, from I.C.E. Instituto per il Commercio Estero, Rome, Italy. Mr. Gómez is also an honorary member of the board of the National Federation of Colombian Coal Producers - Fenalcarbon. In addition to speaking Spanish, Mr. Gómez is fluent in both English and Italian.
In May of 2011, Galway opened an office in Bucaramanga and hired Mr. Carlos Andrés Palacios as Environmental, Health and Safety Manager (HSE). Prior to joining Galway, Mr. Palacios acted as contractor and environmental engineer for the CDMB (governmental environmental agency) and was responsible for all environmental matters concerning the handling of water. Mr. Palacios is also an expert on environmental licensing - evaluation and management of waste materials across industries. Mr. Palacios has a Bachelor of Science, Environmental Engineering, from Pontificia Bolivariana University, Santander, Colombia.
Galway is also pleased to announce that Mr. Mark Pfau has joined its Gold Advisory Committee. Mr. Pfau is an international geologist specializing in designing and managing exploration programs with a specialty on designing work programs aimed at resource optimization. Mr. Pfau has more than 25 years experience working with both senior and junior exploration companies throughout the world. He is a Registered Professional Geologist and Qualified Person under the guidelines set out in NI 43-101. Mr. Pfau has a Master of Science, Geology, from the University of Idaho, a Bachelor of Science, Geology, from the University of Montana, and a Bachelor of Arts, Geography, from the University of Montana, and is fluent in Spanish.
Mr. Alex Cruz has been promoted to Project Manager for the Vetas gold-silver project. Mr. Cruz is an experienced Exploration Geologist with over 20 years of field experience with junior Canadian mining companies in Latin America. He has conducted exploration programs on the principal metallogenic belts in Colombia, Ecuador and Mexico. Of note, Mr. Cruz held the position of Vice President of Exploration and Mine Development with Oromonte Resources Inc. where he designed and implemented the exploration programs that led to the discoveries of the Tundaya Cu-Mo-Ag-Au porphyry, and the Chimbutza Au-Ag hydrothermal breccia systems, both located in Ecuador. He also worked as Senior Geologist with Aurelian Resources in the discovery of the world-class Fruta del Norte epithermal gold-silver deposit in 2004-2005, and in 2006 was Sr. Project Geologist with Cornerstone Resources responsible for the Shyry diatreme gold project. Mr. Cruz has a Bachelor of Science, Geology, from Universidad Central, Quito, Ecuador.
Mr. Dale Schultz, of Buscore Consulting Ltd. has been providing support as consulting geologist for the Vetas project for the past thirteen months, and has agreed to a 1-year contract extension that Galway recently completed with his firm. Mr. Schultz has over 20 years of experience and Buscore Consulting Ltd. has helped to discover and develop multiple precious and base metals prospects throughout the Americas. Over the past decade, Buscore's highly experienced team of exploration specialists from Canada, U.S.A., Britain, Belgium, Germany and South Africa have managed a series of mineral exploration and development projects in Latin America, most notably throughout Ecuador and Peru, as well as in Paraguay, Bolivia, Colombia, Nicaragua, Honduras and Mexico. Mr. Schultz has a Bachelor of Science, Advanced Geology, and a Master of Science, Geology, from the University of Saskatchewan, Saskatoon.
About The Company
Galway Resources is a well-capitalized company, primarily focused on the exploration of gold and coal Colombia. The core focus of the Company is gold exploration in northeast Colombia, with drill programs occurring at the California and Vetas gold projects. The Company also has the Victorio molybdenum-tungsten project, with excellent infrastructure, in southwestern New Mexico. A positive scoping study was completed by SRK in 2008. The recent surge in tungsten pricing, coupled with a steady molybdenum price, has prompted management to reassess strategic alternatives to advance the Victorio project.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TORONTO, Aug. 2, 2011 /CNW/ - Galway Resources Ltd. (GWY: TSX-V) is pleased to provide an update of its personnel and technical team involved with the Company's gold exploration initiative in Colombia. Our primary projects are the California and Vetas gold projects, located in northeast Colombia, with drill programs occurring at both. There are 3 drill rigs operating at the California property, located adjacent to and along strike with the La Bodega/La Mascota deposit (acquired for $1.5 billion in cash by AUX Canada). Galway also owns a 360 meter-long fractional land position that appears to be directly within the La Mascota mineralized structure. Drilling at Vetas began in the second quarter, with 2 rigs operating at the high-grade El Volcan gold-silver mine, which is located 8 km southeast of California and is the largest gold producer in the region.
"We are extremely pleased to add depth to our personnel as we advance our gold projects. As can be seen in the following headlines from our most recent two press releases on California drill results, and the first ever release of drill results from the Vetas gold-silver project, results from both projects have been very encouraging. We look forward to continued success as we advance what we believe to be highly prospective gold projects in Colombia," states Robert Hinchcliffe, President and CEO of Galway Resources.
Galway's best gold intersect yet: 26 m of 129 g/t and 21.5 m of 8.5 g/t in one hole, and 92.5 m of 2.9 g/t and 114 m of 1.1 g/t in another from California gold project in Colombia (July 21, 2011)
Galway intersects 97.0 m of 3.0 g/t gold, 86.0 m of 2.7 g/t gold and 13.0 m of 9.0 g/t gold from California gold project in Colombia (July 14, 2011)
Galway intersects 21.9 g/t gold over 6.7 m, 82.4 g/t gold over 2.7 m and 9.7 g/t gold over 9.4 m from Vetas gold-silver project in Colombia (June 22 , 2011)
Personnel and Technical Team Update
Galway is pleased to announce that Mr. Alfonso Gómez Rengifo has agreed to join its Board of Directors. Mr. Gómez has over 30 years experience working in the resource sector, holding various positions with prominent international mining companies in Colombia. Mr. Gómez has been with the Company since 2006 and is currently the Colombia Country Manager, in charge of the Company's efforts in Colombia regarding financial, legal, permitting, environmental and community affairs among other areas. Before joining Galway, Mr. Gómez was Vice President of Operations for Prodeco and Vice President of Public Affairs for Carbones del Cerrejon, Latin America's largest coal producer and owner of one of the largest open pit coal mines in the world, producing 35 million tons per year. Mr. Gómez has a Bachelor of Arts, Economics, from El Rosario University, Bogota, Colombia, and a Master of Arts, International Commerce, from I.C.E. Instituto per il Commercio Estero, Rome, Italy. Mr. Gómez is also an honorary member of the board of the National Federation of Colombian Coal Producers - Fenalcarbon. In addition to speaking Spanish, Mr. Gómez is fluent in both English and Italian.
In May of 2011, Galway opened an office in Bucaramanga and hired Mr. Carlos Andrés Palacios as Environmental, Health and Safety Manager (HSE). Prior to joining Galway, Mr. Palacios acted as contractor and environmental engineer for the CDMB (governmental environmental agency) and was responsible for all environmental matters concerning the handling of water. Mr. Palacios is also an expert on environmental licensing - evaluation and management of waste materials across industries. Mr. Palacios has a Bachelor of Science, Environmental Engineering, from Pontificia Bolivariana University, Santander, Colombia.
Galway is also pleased to announce that Mr. Mark Pfau has joined its Gold Advisory Committee. Mr. Pfau is an international geologist specializing in designing and managing exploration programs with a specialty on designing work programs aimed at resource optimization. Mr. Pfau has more than 25 years experience working with both senior and junior exploration companies throughout the world. He is a Registered Professional Geologist and Qualified Person under the guidelines set out in NI 43-101. Mr. Pfau has a Master of Science, Geology, from the University of Idaho, a Bachelor of Science, Geology, from the University of Montana, and a Bachelor of Arts, Geography, from the University of Montana, and is fluent in Spanish.
Mr. Alex Cruz has been promoted to Project Manager for the Vetas gold-silver project. Mr. Cruz is an experienced Exploration Geologist with over 20 years of field experience with junior Canadian mining companies in Latin America. He has conducted exploration programs on the principal metallogenic belts in Colombia, Ecuador and Mexico. Of note, Mr. Cruz held the position of Vice President of Exploration and Mine Development with Oromonte Resources Inc. where he designed and implemented the exploration programs that led to the discoveries of the Tundaya Cu-Mo-Ag-Au porphyry, and the Chimbutza Au-Ag hydrothermal breccia systems, both located in Ecuador. He also worked as Senior Geologist with Aurelian Resources in the discovery of the world-class Fruta del Norte epithermal gold-silver deposit in 2004-2005, and in 2006 was Sr. Project Geologist with Cornerstone Resources responsible for the Shyry diatreme gold project. Mr. Cruz has a Bachelor of Science, Geology, from Universidad Central, Quito, Ecuador.
Mr. Dale Schultz, of Buscore Consulting Ltd. has been providing support as consulting geologist for the Vetas project for the past thirteen months, and has agreed to a 1-year contract extension that Galway recently completed with his firm. Mr. Schultz has over 20 years of experience and Buscore Consulting Ltd. has helped to discover and develop multiple precious and base metals prospects throughout the Americas. Over the past decade, Buscore's highly experienced team of exploration specialists from Canada, U.S.A., Britain, Belgium, Germany and South Africa have managed a series of mineral exploration and development projects in Latin America, most notably throughout Ecuador and Peru, as well as in Paraguay, Bolivia, Colombia, Nicaragua, Honduras and Mexico. Mr. Schultz has a Bachelor of Science, Advanced Geology, and a Master of Science, Geology, from the University of Saskatchewan, Saskatoon.
About The Company
Galway Resources is a well-capitalized company, primarily focused on the exploration of gold and coal Colombia. The core focus of the Company is gold exploration in northeast Colombia, with drill programs occurring at the California and Vetas gold projects. The Company also has the Victorio molybdenum-tungsten project, with excellent infrastructure, in southwestern New Mexico. A positive scoping study was completed by SRK in 2008. The recent surge in tungsten pricing, coupled with a steady molybdenum price, has prompted management to reassess strategic alternatives to advance the Victorio project.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
V.GWY
Smarte Aufnahmen, die das kompetente Management zu einem weltklasse Board ausbauen,
u.a. nehmen sie einen ehemaligen, verantwortlichen Geologen von der einzigartigen 10+ MOz
Au Discovery Fruta del Norte (ehemals Aurelian Resources, jetzt Kinross Gold) auf.
Sehr interessant ist weiter die Aufnahme einer Größe aus dem kolumbianischen Kohle-Sektor.
Sie würden keinen weiteren Spezialisten in das Board aufnehmen, wenn sie Galca kein Potential
und die Möglichkeit eines kommenden Verkaufs an die Tochter von Glencore in Co zuschreiben
würden.
Weitere Spezialisten sollen die Projektentwicklung auf Vetas und California tatkräftig unterstützen.
Aktie nach der news heute im Akkumulationsmodus
Smarte Aufnahmen, die das kompetente Management zu einem weltklasse Board ausbauen,
u.a. nehmen sie einen ehemaligen, verantwortlichen Geologen von der einzigartigen 10+ MOz
Au Discovery Fruta del Norte (ehemals Aurelian Resources, jetzt Kinross Gold) auf.
Sehr interessant ist weiter die Aufnahme einer Größe aus dem kolumbianischen Kohle-Sektor.
Sie würden keinen weiteren Spezialisten in das Board aufnehmen, wenn sie Galca kein Potential
und die Möglichkeit eines kommenden Verkaufs an die Tochter von Glencore in Co zuschreiben
würden.
Weitere Spezialisten sollen die Projektentwicklung auf Vetas und California tatkräftig unterstützen.
Aktie nach der news heute im Akkumulationsmodus
[url=http://peketec.de/trading/viewtopic.php?p=1114116#1114116 schrieb:
Im Tradingdepot ist ITH ja vertreten. Ab September beginnen die starken Monate.
Im August updated PEA und Drill results!! Da gerade 12% des Geländes erbohrt wurden
sorgt das district wide exploration program für besondere Phantasie!!
Wir gehen davon aus, dass die step out drillings so gut gewählt sind, dass die Resource durch ansehnliche Treffer,wenn sie denn eintreffen, entsprechend erweitert wird!
http://www.ithmines.com/_resources/....sentation_July_4_2011.pdf
Seite: 5 Property Package!! und 8
http://finance.yahoo.com/news/Inter....6652450.html?x=0&.v=1
The Company has begun preparing the updated NI 43-101 technical report required in connection with the filing of its 2011 Annual Information Form in August, 2011. The technical report will contain an updated Preliminary Economic Assessment ("PEA") that will incorporate the latest project information in the new gold price environment of approximately USD 1,500/oz.
Die alte Pea basierte auf einem Goldpreis von 950$.
International Tower Hill Mines Provides Project Update at the Livengood Gold Project, Alaska
International Tower Hill Mines Ltd New ITH
6/29/2011 9:19:02 AM
VANCOUVER, BRITISH COLUMBIA, Jun 29, 2011 (MARKETWIRE via COMTEX News Network) --
International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) is pleased to provide an update of its activities at the Livengood Project near Fairbanks, Alaska. In addition to advancing its Pre-Feasibility Study towards expected completion in the fourth quarter of calendar year 2011, the Company has commenced work on an updated Preliminary Economic Assessment as well as a district-wide exploration program.
Im August updated PEA und Drill results!! Da gerade 12% des Geländes erbohrt wurden
sorgt das district wide exploration program für besondere Phantasie!!
Wir gehen davon aus, dass die step out drillings so gut gewählt sind, dass die Resource durch ansehnliche Treffer,wenn sie denn eintreffen, entsprechend erweitert wird!
http://www.ithmines.com/_resources/....sentation_July_4_2011.pdf
Seite: 5 Property Package!! und 8
http://finance.yahoo.com/news/Inter....6652450.html?x=0&.v=1
The Company has begun preparing the updated NI 43-101 technical report required in connection with the filing of its 2011 Annual Information Form in August, 2011. The technical report will contain an updated Preliminary Economic Assessment ("PEA") that will incorporate the latest project information in the new gold price environment of approximately USD 1,500/oz.
Die alte Pea basierte auf einem Goldpreis von 950$.
International Tower Hill Mines Provides Project Update at the Livengood Gold Project, Alaska
International Tower Hill Mines Ltd New ITH
6/29/2011 9:19:02 AM
VANCOUVER, BRITISH COLUMBIA, Jun 29, 2011 (MARKETWIRE via COMTEX News Network) --
International Tower Hill Mines Ltd. ("ITH" or the "Company") - (TSX:ITH)(NYSE Amex:THM)(FRANKFURT:IW9) is pleased to provide an update of its activities at the Livengood Project near Fairbanks, Alaska. In addition to advancing its Pre-Feasibility Study towards expected completion in the fourth quarter of calendar year 2011, the Company has commenced work on an updated Preliminary Economic Assessment as well as a district-wide exploration program.
Gibt es eine klare Zuständigkeit für die PNs an die CCG-Redaktion? Liegen bei mir relativ lange im Postausgang 
[url=http://peketec.de/trading/viewtopic.php?p=1114541#1114541 schrieb:Medusabombe schrieb am 03.08.2011, 11:38 Uhr[/url]"]Gibt es eine klare Zuständigkeit für die PNs an die CCG-Redaktion? Liegen bei mir relativ lange im Postausgang
Danke für den Hinweis. Da sollten wir uns noch eine Verbesserung überlegen!
Die Einzelcharts zu den Depotwerten werden ab sofort immer oben als letztes Posting
in den Threads eingeordnet!
Nouriel Roubini brings us today's market lesson
Posted: 02 Aug 2011 06:50 AM PDT
And that lesson is: Economists are really bad at calling the market. Here's what he said back in November 2009:Nov. 4 (Bloomberg) -- Nouriel Roubini, the economist who predicted the global economic crisis, said a forecast by investor Jim Rogers that gold will double to at least $2,000 an ounce is “utter nonsense.”
There is no inflation or “near-depression” to drive gold prices that high, Roubini said today at the Inside Commodities Conference in New York. If a severe depression came to pass, with investors buying canned goods and hiding out in log cabins, “maybe you want some gold in that scenario,” Roubini said.
“Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense,” Roubini said. Gold rose to a record $1,098.50 today in New York on speculation that central banks and investors will purchase the metal to hedge against a declining dollar.
So Guruguy, how's that hope-y, change-y stuff workin' out for you?
Posted: 02 Aug 2011 06:50 AM PDT
And that lesson is: Economists are really bad at calling the market. Here's what he said back in November 2009:Nov. 4 (Bloomberg) -- Nouriel Roubini, the economist who predicted the global economic crisis, said a forecast by investor Jim Rogers that gold will double to at least $2,000 an ounce is “utter nonsense.”
There is no inflation or “near-depression” to drive gold prices that high, Roubini said today at the Inside Commodities Conference in New York. If a severe depression came to pass, with investors buying canned goods and hiding out in log cabins, “maybe you want some gold in that scenario,” Roubini said.
“Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense,” Roubini said. Gold rose to a record $1,098.50 today in New York on speculation that central banks and investors will purchase the metal to hedge against a declining dollar.
So Guruguy, how's that hope-y, change-y stuff workin' out for you?
August 03, 2011 07:30 ET
Champion Minerals' Drilling at Fire Lake North Nears Completion and Continues to Delineate High-Grade Zones of Coarse-Grained, Specular Hematite-Rich Mineralization
TORONTO, ONTARIO--(Marketwire - Aug. 3, 2011) - CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02) ("Champion", or the "Company") is pleased to announce assay results recently received for diamond-drill holes completed at the Fire Lake North Project. Highlights of assay results from nineteen new holes are detailed in Table 1, including eight holes drilled in the proposed East Pit area ("East Area"), five holes drilled in the proposed West Pit area ("West Area"), and six holes drilled in the Don Lake area ("Don Lake").
The definition drilling at both the East and West designed pit areas continues to intersect wide intervals of iron formation containing distinct zones of high-grade, coarse-grained, specular hematite-rich mineralization.
Drilling at the East Area is complete with 27 holes added since the last Mineral Resource Estimate and Preliminary Economic Assessment (PEA) Report, published in 2010. Drillhole FLN11-61 intersected 262.8 m grading 32.4% Total Iron (FeT) and is interpreted to have been drilled partially down-dip into the upper (western) limb, and subsequently passed through the thickened fold hinge, of a westward dipping, overturned synform, cored by iron formation. Further south, Drillhole FLN11-57 intersected 65.5 m grading 26.3% FeT in the upper (western) limb of the same synform. Drillhole FLN11-56, located on the same section, intersected 52.0 m grading 32.1% FeT in the lower (eastern) limb of the overturned synform. Geological modelling of the East Area has commenced, with assay results pending for three remaining drill holes in this area.
At the West Area, the latest phase of drilling is nearing completion, with 4 drill rigs completing their current holes. Drillhole FLN11-60 intersected 120.70 m grading 26.3% FeT, including an interval of 87.8 m grading 34.6% FeT, in the eastern limb of the synform. Geological logging of drill hole FL11-76, completed on the same section, intersected both the upper (eastern) and lower (western) limbs indicating that the synform is overturned to the east. Sampling and assay results are pending for drillhole FL11-76.
Drilling at Don Lake is complete, with 16 holes drilled during 2011. Geological modelling of the Don Lake zone is complete and resource modelling has commenced. The drilling at Don Lake was designed to outline additional iron resources with the objective of establishing a third potential open pit on the Fire Lake North Property.
The re-interpreted fold geometry and additional potential resources generated from the results of the 2010-11 definition drilling at the East and West Areas are expected to produce significantly differing pit shells and final pit designs from the 2010 model. The new pit designs will likely contain increased in-pit resources and reduced strip ratios, which in turn will positively impact the Project Economics that are expected in the forthcoming PEA update, scheduled for completion by the end of Q3-2011.
http://www.marketwire.com/press-release/champion-minerals-drilling-fire-lake-north-nears-completion-continues-delineate-high-tsx-chm-1545235.htm
Champion Minerals' Drilling at Fire Lake North Nears Completion and Continues to Delineate High-Grade Zones of Coarse-Grained, Specular Hematite-Rich Mineralization
TORONTO, ONTARIO--(Marketwire - Aug. 3, 2011) - CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02) ("Champion", or the "Company") is pleased to announce assay results recently received for diamond-drill holes completed at the Fire Lake North Project. Highlights of assay results from nineteen new holes are detailed in Table 1, including eight holes drilled in the proposed East Pit area ("East Area"), five holes drilled in the proposed West Pit area ("West Area"), and six holes drilled in the Don Lake area ("Don Lake").
The definition drilling at both the East and West designed pit areas continues to intersect wide intervals of iron formation containing distinct zones of high-grade, coarse-grained, specular hematite-rich mineralization.
Drilling at the East Area is complete with 27 holes added since the last Mineral Resource Estimate and Preliminary Economic Assessment (PEA) Report, published in 2010. Drillhole FLN11-61 intersected 262.8 m grading 32.4% Total Iron (FeT) and is interpreted to have been drilled partially down-dip into the upper (western) limb, and subsequently passed through the thickened fold hinge, of a westward dipping, overturned synform, cored by iron formation. Further south, Drillhole FLN11-57 intersected 65.5 m grading 26.3% FeT in the upper (western) limb of the same synform. Drillhole FLN11-56, located on the same section, intersected 52.0 m grading 32.1% FeT in the lower (eastern) limb of the overturned synform. Geological modelling of the East Area has commenced, with assay results pending for three remaining drill holes in this area.
At the West Area, the latest phase of drilling is nearing completion, with 4 drill rigs completing their current holes. Drillhole FLN11-60 intersected 120.70 m grading 26.3% FeT, including an interval of 87.8 m grading 34.6% FeT, in the eastern limb of the synform. Geological logging of drill hole FL11-76, completed on the same section, intersected both the upper (eastern) and lower (western) limbs indicating that the synform is overturned to the east. Sampling and assay results are pending for drillhole FL11-76.
Drilling at Don Lake is complete, with 16 holes drilled during 2011. Geological modelling of the Don Lake zone is complete and resource modelling has commenced. The drilling at Don Lake was designed to outline additional iron resources with the objective of establishing a third potential open pit on the Fire Lake North Property.
The re-interpreted fold geometry and additional potential resources generated from the results of the 2010-11 definition drilling at the East and West Areas are expected to produce significantly differing pit shells and final pit designs from the 2010 model. The new pit designs will likely contain increased in-pit resources and reduced strip ratios, which in turn will positively impact the Project Economics that are expected in the forthcoming PEA update, scheduled for completion by the end of Q3-2011.
http://www.marketwire.com/press-release/champion-minerals-drilling-fire-lake-north-nears-completion-continues-delineate-high-tsx-chm-1545235.htm
August 03, 2011 07:48 ET
Open Pittable 1.1 Billion Tonnes at 9.36% K2O Added to Cerrado Verde Potash Project, Brazil
TORONTO, ONTARIO--(Marketwire - Aug. 3, 2011) - Verde Potash (TSX VENTURE:NPK) ("Verde" or the "Company") is pleased to announce that the Company has received an independent resource estimate for the Cerrado Verde Potash Project located in Minas Gerais State, Brazil ("Cerrado Verde"). The estimate comprises an indicated resource of 74 million tonnes of K2O with an average grade of 9.22% K2O and an inferred resource of 1.07 billion tonnes of K2O with an average grade of 9.37% K2O (applying a 7.5% K2O cut-off). Potash mineralization is found from surface to a maximum depth of 80 metres, rendering the resource amenable to open pit mining.The new resource was estimated for five out of 13 of Cerrado Verde's targets, in which 8,950m of drilling was performed in 143 holes with a collar spacing ranging from 400m by 400m to 200m by 200m. However, an additional eight targets have been tested, but are not included in this release, thus completing the 26,000m drill program. The additional resource calculation will be reported during Q4/2011.
Commenting, President & CEO, Cristiano Veloso, said: "We are encouraged by these numbers, they reinforce our belief in the impressive scope of Cerrado Verde. It is evident that we have a long life asset that could supply Brazil's potash needs well into the future providing our development program succeeds."
Brazil's annual K2O consumption is approximately 4 million tonnes. The new resource represents over 90 million tonnes of K2O.
http://www.marketwire.com/press-release/open-pittable-11-billion-tonnes-936-k2o-added-cerrado-verde-potash-project-brazil-tsx-venture-npk-1545241.htm
Open Pittable 1.1 Billion Tonnes at 9.36% K2O Added to Cerrado Verde Potash Project, Brazil
TORONTO, ONTARIO--(Marketwire - Aug. 3, 2011) - Verde Potash (TSX VENTURE:NPK) ("Verde" or the "Company") is pleased to announce that the Company has received an independent resource estimate for the Cerrado Verde Potash Project located in Minas Gerais State, Brazil ("Cerrado Verde"). The estimate comprises an indicated resource of 74 million tonnes of K2O with an average grade of 9.22% K2O and an inferred resource of 1.07 billion tonnes of K2O with an average grade of 9.37% K2O (applying a 7.5% K2O cut-off). Potash mineralization is found from surface to a maximum depth of 80 metres, rendering the resource amenable to open pit mining.The new resource was estimated for five out of 13 of Cerrado Verde's targets, in which 8,950m of drilling was performed in 143 holes with a collar spacing ranging from 400m by 400m to 200m by 200m. However, an additional eight targets have been tested, but are not included in this release, thus completing the 26,000m drill program. The additional resource calculation will be reported during Q4/2011.
Commenting, President & CEO, Cristiano Veloso, said: "We are encouraged by these numbers, they reinforce our belief in the impressive scope of Cerrado Verde. It is evident that we have a long life asset that could supply Brazil's potash needs well into the future providing our development program succeeds."
Brazil's annual K2O consumption is approximately 4 million tonnes. The new resource represents over 90 million tonnes of K2O.
http://www.marketwire.com/press-release/open-pittable-11-billion-tonnes-936-k2o-added-cerrado-verde-potash-project-brazil-tsx-venture-npk-1545241.htm
PetroFrontier Corp. commences drilling operations in the Georgina Basin, Australia
PetroFrontier Corp PFC
8/3/2011 9:22:00 AM
CALGARY, Aug. 3, 2011, 2011 (Canada NewsWire via COMTEX News Network) --
(TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has spudded its first well, "Baldwin-2", in the Southern Georgina Basin in the Northern Territory, Australia.
PetroFrontier began drilling Baldwin-2 on the morning of Wednesday August 3, 2011, Australian Central Standard Time.
Baldwin-2 is located in the southwestern part of EP 103 in the Southern Georgina Basin. PetroFrontier has a 100% working interest in EP 103 and is the operator. The primary target in Baldwin-2 is the unconventional Basal Arthur Creek "hot" shale, with conventional secondary targets being the Hagen Member and Dolomitic Shoal above the Basal Arthur Creek "hot" shale and the Thorntonia located just below. Management believes that the Arthur Creek "hot" shale is potentially analogous to the Bakken play found in Saskatchewan, Canada and North Dakota, USA. PetroFrontier has re-evaluated existing wellbores on its lands and believes the unconventional Basal Arthur Creek "hot" shale is prospective for hydrocarbons over most of its land holdings. PetroFrontier's capital program for 2011 continues to focus on exploratory drilling opportunities around these existing wellbores.
Baldwin-2 will be air drilled vertically to an estimated depth of 900 meters to test the Thorntonia formation for prospective hydrocarbon shows. The well will then be extensively logged, plugged back and deviated horizontally for approximately 1,000 meters into the Basal Arthur Creek shale. This is expected to take approximately three weeks, at which time PetroFrontier will suspend the well temporarily and move to drill the MacIntyre-2 well, located in the northeastern corner of EP 127. Once it is drilled, MacIntyre-2 will be frac'd and completed using multi-stage open hole techniques. The rig and frac crew will subsequently return to Baldwin-2 to conduct a similar completion program on that well.
According to a report (the "Ryder Scott Resource Report") prepared by Ryder Scott Company Canada (independent oil and natural gas reservoir engineers), dated November 1, 2010, the unrisked, undiscovered, prospective (recoverable) resource, based on a best (P50) scenario, for the unconventional Basal Arthur Creek shale zone in EP 103 and EP 127 may contain approximately 13.2 billion barrels and 2.7 billion barrels (gross) of oil respectively.
The Ryder Scott Resource Report on the resource potential of the Southern Georgina Basin describes the prospective (recoverable) portion of "Undiscovered Resources", as defined by the Canadian Oil and Gas Evaluation Handbook and does not represent an estimate of reserves. The Ryder Scott Resource Report is compliant with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective resources are presented as unrisked prospective oil resources. The term unrisked means that no geological risk (play risk) has been incorporated in the hydrocarbon volume estimates.
Additional information on the prospective resources can be found at www.sedar.com, in the Information Circular dated December 1, 2010 filed under the profile of Pendulum Capital Corporation.
PetroFrontier has engaged Majors Drilling Pty Ltd., an independent drilling contractor, to provide drilling and support services for the wells to be drilled in EP 103, EP 104 and EP 127.
Unless a material event occurs in the interim, PetroFrontier expects to issue its next drilling update report once Baldwin-2 has completed its horizontal leg and the rig is being mobilized to the MacIntyre-2 well site.
About PetroFrontier Corp.
PetroFrontier is an international oil and gas company engaged in the exploration, acquisition and development of both conventional and unconventional petroleum assets in Australia's Southern Georgina Basin. PetroFrontier's common shares are listed on the TSX Venture Exchange under the symbol "PFC". Founded in 2009, PetroFrontier is one of the first companies to undertake exploration in the Southern Georgina Basin in Australia's Northern Territory. PetroFrontier's head office is based in Calgary, Alberta and operations office is in Adelaide, South Australia.
Forward-Looking Statements
This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of PetroFrontier, including, without limitation, statements pertaining to management's future plans and operations. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in PetroFrontier's disclosure documents on the SEDAR website at www.sedar.com. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, PetroFrontier does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Image with caption: "PETROFRONTIER CORP. GEORGINA BASIN CROSS SECTION FOCUS MAP (CNW Group/PetroFrontier Corp.)". Image available at: http://photos.newswire.ca/images/download/20110803_C9004_PHOTO_EN_1858.jpg
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/03/c9004.html
SOURCE: PetroFrontier Corp.
Susan Showers, Manager, Investor Relations PetroFrontier Corp. Suite 320, 715 5 Ave. SW, Calgary, Alberta, Canada T2P 2X6 Telephone: (403) 718-0366 Toll Free: (877) 822-7280 Fax: (403) 718-3888 Email:info@petrofrontier.com Website:www.petrofrontier.com
Copyright (C) 2011 CNW Group. All rights reserved.
PetroFrontier Corp PFC
8/3/2011 9:22:00 AM
CALGARY, Aug. 3, 2011, 2011 (Canada NewsWire via COMTEX News Network) --
(TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has spudded its first well, "Baldwin-2", in the Southern Georgina Basin in the Northern Territory, Australia.
PetroFrontier began drilling Baldwin-2 on the morning of Wednesday August 3, 2011, Australian Central Standard Time.
Baldwin-2 is located in the southwestern part of EP 103 in the Southern Georgina Basin. PetroFrontier has a 100% working interest in EP 103 and is the operator. The primary target in Baldwin-2 is the unconventional Basal Arthur Creek "hot" shale, with conventional secondary targets being the Hagen Member and Dolomitic Shoal above the Basal Arthur Creek "hot" shale and the Thorntonia located just below. Management believes that the Arthur Creek "hot" shale is potentially analogous to the Bakken play found in Saskatchewan, Canada and North Dakota, USA. PetroFrontier has re-evaluated existing wellbores on its lands and believes the unconventional Basal Arthur Creek "hot" shale is prospective for hydrocarbons over most of its land holdings. PetroFrontier's capital program for 2011 continues to focus on exploratory drilling opportunities around these existing wellbores.
Baldwin-2 will be air drilled vertically to an estimated depth of 900 meters to test the Thorntonia formation for prospective hydrocarbon shows. The well will then be extensively logged, plugged back and deviated horizontally for approximately 1,000 meters into the Basal Arthur Creek shale. This is expected to take approximately three weeks, at which time PetroFrontier will suspend the well temporarily and move to drill the MacIntyre-2 well, located in the northeastern corner of EP 127. Once it is drilled, MacIntyre-2 will be frac'd and completed using multi-stage open hole techniques. The rig and frac crew will subsequently return to Baldwin-2 to conduct a similar completion program on that well.
According to a report (the "Ryder Scott Resource Report") prepared by Ryder Scott Company Canada (independent oil and natural gas reservoir engineers), dated November 1, 2010, the unrisked, undiscovered, prospective (recoverable) resource, based on a best (P50) scenario, for the unconventional Basal Arthur Creek shale zone in EP 103 and EP 127 may contain approximately 13.2 billion barrels and 2.7 billion barrels (gross) of oil respectively.
The Ryder Scott Resource Report on the resource potential of the Southern Georgina Basin describes the prospective (recoverable) portion of "Undiscovered Resources", as defined by the Canadian Oil and Gas Evaluation Handbook and does not represent an estimate of reserves. The Ryder Scott Resource Report is compliant with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.
Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective resources are presented as unrisked prospective oil resources. The term unrisked means that no geological risk (play risk) has been incorporated in the hydrocarbon volume estimates.
Additional information on the prospective resources can be found at www.sedar.com, in the Information Circular dated December 1, 2010 filed under the profile of Pendulum Capital Corporation.
PetroFrontier has engaged Majors Drilling Pty Ltd., an independent drilling contractor, to provide drilling and support services for the wells to be drilled in EP 103, EP 104 and EP 127.
Unless a material event occurs in the interim, PetroFrontier expects to issue its next drilling update report once Baldwin-2 has completed its horizontal leg and the rig is being mobilized to the MacIntyre-2 well site.
About PetroFrontier Corp.
PetroFrontier is an international oil and gas company engaged in the exploration, acquisition and development of both conventional and unconventional petroleum assets in Australia's Southern Georgina Basin. PetroFrontier's common shares are listed on the TSX Venture Exchange under the symbol "PFC". Founded in 2009, PetroFrontier is one of the first companies to undertake exploration in the Southern Georgina Basin in Australia's Northern Territory. PetroFrontier's head office is based in Calgary, Alberta and operations office is in Adelaide, South Australia.
Forward-Looking Statements
This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of PetroFrontier, including, without limitation, statements pertaining to management's future plans and operations. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in PetroFrontier's disclosure documents on the SEDAR website at www.sedar.com. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, PetroFrontier does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Image with caption: "PETROFRONTIER CORP. GEORGINA BASIN CROSS SECTION FOCUS MAP (CNW Group/PetroFrontier Corp.)". Image available at: http://photos.newswire.ca/images/download/20110803_C9004_PHOTO_EN_1858.jpg
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/03/c9004.html
SOURCE: PetroFrontier Corp.
Susan Showers, Manager, Investor Relations PetroFrontier Corp. Suite 320, 715 5 Ave. SW, Calgary, Alberta, Canada T2P 2X6 Telephone: (403) 718-0366 Toll Free: (877) 822-7280 Fax: (403) 718-3888 Email:info@petrofrontier.com Website:www.petrofrontier.com
Copyright (C) 2011 CNW Group. All rights reserved.
V.WS
Near Term Catalysts
• Q3-Q4: Further drill results at Hermosa, 4 active rigs, drill program expansion to approximately
30,000 metres through to the third quarter of 2011 (!)
• Q3/11: Upgrade to TSX from the TSX.V, which could attract a much wider investment base.
The company is also exploring listing on the AMEX exchange in the US.
• Q4/11: A new resource estimate is expected by year-end. The company envisions a doubling
of the current 121mm oz resource.
• Q4/11: In conjunction with an updated resource, the company is expected to provide a new PEA –
The company may study a material change in milling scale with the expected increased resource.
• Q4/12: Full feasibility study expected by year-end 2012
Near Term Catalysts
• Q3-Q4: Further drill results at Hermosa, 4 active rigs, drill program expansion to approximately
30,000 metres through to the third quarter of 2011 (!)
• Q3/11: Upgrade to TSX from the TSX.V, which could attract a much wider investment base.
The company is also exploring listing on the AMEX exchange in the US.
• Q4/11: A new resource estimate is expected by year-end. The company envisions a doubling
of the current 121mm oz resource.
• Q4/11: In conjunction with an updated resource, the company is expected to provide a new PEA –
The company may study a material change in milling scale with the expected increased resource.
• Q4/12: Full feasibility study expected by year-end 2012
Allgemein moechten wir mal darauf hinweisen, wie hervorragend sich die meisten Juniors in der momentanen Marktsituation halten.
Waehrend noch von Anfang des Jahres bis ca. Anfang Juli trotz steigenden Gesamtmarktes und steigender Goldpreise ein heftiger Abverkauf bei den Juniors stattfand, so sehen wir momentan kaum Bewegungen nach unten und das bei minimalen Umsaetzen, die noch vor wenigen Wochen heftige Kursabschlaege produziert hatten. Fuer uns ein Indiz, dass sich die kurzfristig orientierten Anleger (fast) alle aus unserem Segment verabschiedet haben und die Stuecke mehr und mehr bei den mid/long term Value Investoren liegen.
Waehrend noch von Anfang des Jahres bis ca. Anfang Juli trotz steigenden Gesamtmarktes und steigender Goldpreise ein heftiger Abverkauf bei den Juniors stattfand, so sehen wir momentan kaum Bewegungen nach unten und das bei minimalen Umsaetzen, die noch vor wenigen Wochen heftige Kursabschlaege produziert hatten. Fuer uns ein Indiz, dass sich die kurzfristig orientierten Anleger (fast) alle aus unserem Segment verabschiedet haben und die Stuecke mehr und mehr bei den mid/long term Value Investoren liegen.
Thailand adds nearly 19 tonnes to it’s gold reserves
http://cnbusinessnews.com/thailand-adds-nearly-19-tonnes-to-its-gold-reserves/
http://cnbusinessnews.com/thailand-adds-nearly-19-tonnes-to-its-gold-reserves/
Brent Cook @ the Agora Conference
http://agorafinancial.com/vancouver2011/
Brent Cook’s a 30-year veteran geologist, long-time advisor to fundsand institutions on matters
metamorphic, and the author of thesuccessful Exploration Insights newsletter on select mining
investment opportunities.
In a nutshell, Brent’s saying that the longest bull run in history(basically, from now ‘til the end of
time) is beginning right now, inmetals.
“Metal supply, as a function of time, can no longer keep up withmetal demand...” says the soft-
spoken, silver haired rock jock. “...Itis not physically possible to bring new mines into production
as fast aswe’re using up metals.”
Think about that for a minute...
It seems intuitive in this age of scarcity, but it’s really quiteunique. When have you seen or heard
of an analyst call the precise“reversal point” in a major commodity class before? The exact
momentwhen global demand for a specific thing eclipses the world’s ability toproduce the desired
quantities of it?
It’s novel to my ears. And if what Brent’s saying is true (and he’sone of the most seasoned and
connected geologists on the planet), thatmeans only one thing...
The metals he’s talking about are only going to get more expensive as time goes on. It’s simple
supply and demand. Econ 101.
Why is this “reversal point” happening right now?
There’s a bottleneck in the production mechanism for metals mining.
According to Cook, there are around 400 metals mining projects in theworld right now where
enough data has been gathering to determineeconomically viability to a certain degree of
confidence.
But because of limitations in engineering, equipment, parts,manpower, and other real-world
concerns, a maximum of 20 of these can bebrought online in any given year. Take copper,
as an example...
“The growth rate of copper production is about .9% per year,” Cookexplains, directing us to just
one of his many detailed charts. “Yetdemand growth is about 4%, so we’re falling behind.”
It’s not just copper, either...
Gold and silver are in a similar pickle.
And it’s not only supplies that are dwindling — it’s also the qualityof the minerals being extracted.
Take gold, for example. On paper, goldmining seems to keep pace with demand, as has even
seemingly increasedin just the last year or so...
But that’s NOT due to new discoveries coming online, according toCook. It’s because a lot of gold
mines are extracting far lower-gradore.
“The average grade of product coming out of gold mines has dropped 25% in the last few years,”
Brent adds.
Again, this portends well for the gold and metals bulls...
http://agorafinancial.com/vancouver2011/
Brent Cook’s a 30-year veteran geologist, long-time advisor to fundsand institutions on matters
metamorphic, and the author of thesuccessful Exploration Insights newsletter on select mining
investment opportunities.
In a nutshell, Brent’s saying that the longest bull run in history(basically, from now ‘til the end of
time) is beginning right now, inmetals.
“Metal supply, as a function of time, can no longer keep up withmetal demand...” says the soft-
spoken, silver haired rock jock. “...Itis not physically possible to bring new mines into production
as fast aswe’re using up metals.”
Think about that for a minute...
It seems intuitive in this age of scarcity, but it’s really quiteunique. When have you seen or heard
of an analyst call the precise“reversal point” in a major commodity class before? The exact
momentwhen global demand for a specific thing eclipses the world’s ability toproduce the desired
quantities of it?
It’s novel to my ears. And if what Brent’s saying is true (and he’sone of the most seasoned and
connected geologists on the planet), thatmeans only one thing...
The metals he’s talking about are only going to get more expensive as time goes on. It’s simple
supply and demand. Econ 101.
Why is this “reversal point” happening right now?
There’s a bottleneck in the production mechanism for metals mining.
According to Cook, there are around 400 metals mining projects in theworld right now where
enough data has been gathering to determineeconomically viability to a certain degree of
confidence.
But because of limitations in engineering, equipment, parts,manpower, and other real-world
concerns, a maximum of 20 of these can bebrought online in any given year. Take copper,
as an example...
“The growth rate of copper production is about .9% per year,” Cookexplains, directing us to just
one of his many detailed charts. “Yetdemand growth is about 4%, so we’re falling behind.”
It’s not just copper, either...
Gold and silver are in a similar pickle.
And it’s not only supplies that are dwindling — it’s also the qualityof the minerals being extracted.
Take gold, for example. On paper, goldmining seems to keep pace with demand, as has even
seemingly increasedin just the last year or so...
But that’s NOT due to new discoveries coming online, according toCook. It’s because a lot of gold
mines are extracting far lower-gradore.
“The average grade of product coming out of gold mines has dropped 25% in the last few years,”
Brent adds.
Again, this portends well for the gold and metals bulls...
[url=http://peketec.de/trading/viewtopic.php?p=1113938#1113938 schrieb:CCG-Redaktion schrieb am 02.08.2011, 14:23 Uhr[/url]"][url=http://peketec.de/trading/viewtopic.php?p=1113896#1113896 schrieb:
Watchlist!
August 04, 2011 07:00 ET
Avion Intersects Significant Gold Mineralization at Betea Zone, Kofi Property, Mali Including 3.50 g/t Au Over 57.0 Metres and 1.85 g/t Au Over 48.0 Metres
TORONTO, ONTARIO--(Marketwire - Aug. 4, 2011) - Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the 'Company') is pleased to announce the results from ten reverse circulation drill holes totaling approximately 1,589 metres completed over a 500 metre strike of the Betea Central zone's interpreted strike length of approximately 1,000 metres.
The Betea Central zone contains a historic National Instrument 43-101 compliant estimated indicated mineral resource of 1,154,000 tonnes grading 2.30 g/t Au totaling 111,000 ounces and an inferred mineral resource 981,000 tonnes grading 1.60 g/t Au totaling 52,000 ounces (Roberts, 20081). Note that a qualified person has not carried out the work required to classify the historical estimate as current mineral resources or mineral reserves for Avion and therefore Avion is not treating the historical estimate as current mineral resources or mineral reserves.
Significant new results include the following:
2.99 g/t Au over 40.0 metres
1.85 g/t Au over 48.0 metres
3.50 g/t Au over 57.0 metres
2.16 g/t Au over 12.0 metres
2.49 g/t Au over 14.0 metres
2.70 g/t Au over 6.0 metres
9.25 g/t Au over 4.0 metres
30.64 g/t Au over 2.0 metres
.
.
.
http://www.marketwire.com/press-release/avion-intersects-significant-gold-mineralization-betea-zone-kofi-property-mali-including-tsx-avr-1545868.htm
