Dax © 24.290 -0,33%
Dow Jones 44.326 0
S&P 500 6.297 -0,01%
Dow Jones 44.326 0
S&P 500 6.297 -0,01%
Nasdaq 23.055 +0,00%
Nikkei 39.690 +0,00%
Hang Seng 24.826 +1,33%
Nikkei 39.690 +0,00%
Hang Seng 24.826 +1,33%
EUR/USD 1,16259 +0,27%
BTC/USD 118.260 +0,22%
ETH/USD 3.560 +0,33%
BTC/USD 118.260 +0,22%
ETH/USD 3.560 +0,33%
Rohstoffthread / CCG-Hauptthread
- Ersteller dukezero
- Erstellt am
- Tagged users Kein(e)
Silver Wheaton Declares Third Quarterly Dividend Payment For 2011
TSX:SLW
NYSE:SLW
VANCOUVER, Aug. 8, 2011 /PRNewswire/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW)(NYSE:SLW) is pleased to announce that its Board of Directors has declared its third quarterly cash dividend payment for 2011 of US$0.03 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on September 20, 2011, and will be distributed on or about September 30, 2011.
The Company's dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.
TSX:SLW
NYSE:SLW
VANCOUVER, Aug. 8, 2011 /PRNewswire/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW)(NYSE:SLW) is pleased to announce that its Board of Directors has declared its third quarterly cash dividend payment for 2011 of US$0.03 per common share. The quarterly dividend will be paid to holders of record of its common shares as of the close of business on September 20, 2011, and will be distributed on or about September 30, 2011.
The Company's dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.
[url=http://peketec.de/trading/viewtopic.php?p=1117957#1117957 schrieb:
Silver Wheaton Revenues More Than Double
VANCOUVER, August 8, 2011 /PRNewswire/ --
TSX: SLW
NYSE: SLW
Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW)(NYSE:SLW) is pleased to announce its unaudited results for the second quarter ended June 30, 2011.
SECOND QUARTER HIGHLIGHTS
Attributable silver equivalent production increased 5% compared with Q2 2010, to 6.2 million ounces (5.9 million ounces of silver and 6,500 ounces of gold).
Revenue more than doubled compared with Q2 2010, to a record US$194.8 million, on silver equivalent sales of 5.1 million ounces (4.9 million ounces of silver and 5,700 ounces of gold).
Net earnings almost tripled compared with Q2 2010 (on an adjusted basis[1]), to a record US$148.1 million (US$0.42 per share).
Operating cash flows increased 151% compared with Q2 2010, to a record US$168.3 million (US$0.48 per share[1]).
Cash operating margin[1] increased 137% compared with Q2 2010, to a record US$34.21 per silver equivalent ounce, demonstrating Silver Wheaton's significant leverage to increasing silver prices.
Average cash costs of US$4.14[1] per silver equivalent ounce.
Quarter-end cash balance of US$701.4 million, with a net cash position of US$608.5 million.
Randy Smallwood, the President and one of the founders of Silver Wheaton, was appointed Chief Executive Officer, replacing Peter Barnes who resigned effective April 11, 2011. Since 2004, Mr. Smallwood has been instrumental in building Silver Wheaton into the second largest silver company in the world.
"Silver Wheaton delivered another quarter of record financial results in Q2 2011," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "Though quarterly silver sales have lagged production over the past year, primarily due to a build-up of concentrate inventories at Glencore's Yauliyacu mine in Peru and Goldcorp's Peñasquito mine in Mexico, we have now had five consecutive quarters of increasing operating cash flows. With silver production rates forecast to grow by 80% over the next five years, and ongoing global economic and political uncertainties supporting robust silver prices, our shareholders should continue benefiting from strong free cash flow generation in the years ahead."
"Quarterly production was impacted by operational challenges at some of our partners' mines, including lower quarterly throughput than anticipated at the Peñasquito mine in Mexico, which continues to ramp up production levels; and a one month mill workers' strike at the San Dimas Mine in Mexico, which is now resolved. As previously reported, Silver Wheaton has reduced its 2011 attributable silver equivalent production guidance, primarily due to decreased annual production guidance at the Peñasquito mine, which is now anticipated to reach full production capacity in early 2012. Our long-term 2015 attributable production guidance remains unchanged at approximately 43 million silver equivalent ounces, including 35,000 ounces of gold, which is one of the strongest growth profiles in the entire precious metals industry."
"The mining industry once again finds itself facing significant inflationary pressures, resulting in accelerating operating and capital costs. The benefits to Silver Wheaton in this environment are twofold. First, Silver Wheaton is immune from inflationary cost pressures as our unique business model guarantees essentially fixed operating costs of approximately US$4/oz. Fixed costs provide our investors with significant margin expansion as silver prices climb. Second, as mining companies' capital commitments continue to materially increase, and cash needs arise, Silver Wheaton can offer a very attractive source of funds compared to other forms such as debt and equity. When combined with one of the strongest growth profiles in the precious metals industry and a dividend yield with the potential to grow over time, we believe that Silver Wheaton continues to be the premier investment vehicle for investors desiring silver exposure."
Financial Review
Revenues
Revenue was US$194.8 million in the second quarter of 2011, on silver equivalent sales of 5.1 million ounces (4.9 million ounces of silver and 5,700 ounces of gold). This represents a 105% increase from the US$95 million in revenue generated in the second quarter of 2010, due primarily to increases in the average realized selling price of silver and gold of 108% and 24%, respectively.
Costs and Expenses
Average cash costs in the second quarter of 2011 were US$4.14[1] per silver equivalent ounce, compared with US$4.03[1] during the comparable period of 2010. This resulted in cash operating margins[1]of US$34.21 per silver equivalent ounce, a 137% increase compared with the second quarter of 2010, demonstrating Silver Wheaton's leverage to increasing silver prices.
Second quarter net earnings included several non-cash expenses. These included a US$3.0 million expense, classified as 'Other', primarily in relation to a US$2.7 million non-cash, fair value loss recorded on the Company's share purchase warrants held. In addition, the Company recorded a non-cash deferred income tax expense of US$2.2 million, primarily in relation to income from Canadian operations.
Earnings and Operating Cash Flow
Net earnings in the second quarter of 2011 were US$148.1 million (US$0.42 per share), compared with adjusted net earnings[1] of US$52.7 million (US$0.15 per share) for the same period in 2010, an increase of 181%. Cash flow from operations in the second quarter of 2011 were US$168.3 million (US$0.48 per share[1]), compared with US$67.0 million (US$0.20 per share[1]) for the same period in 2010, an increase of 151%. The increase in net earnings and operating cash flow is primarily attributable to increased selling prices of silver and gold.
Balance Sheet
At the end of the second quarter, the Company had approximately US$701 million of cash on hand and US$400 million of available credit under its revolving bank debt facility. The cash and available credit, together with strong operating cash flows, position the Company well to execute on its growth strategy of acquiring additional accretive silver stream interests.
Operations Highlights
Attributable silver equivalent production was 6.2 million ounces (5.9 million ounces of silver and 6,500 ounces of gold) in the second quarter of 2011, a 5% increase compared to the second quarter of 2010.
At Goldcorp's world-class Peñasquito mine, silver grades and recoveries continued to meet or exceed expectations; however, processing rates were less than anticipated in the quarter. This was due to lower than forecast pebble feed from the SAG mills to the high pressure grinding roll circuit, and slower-than-expected progress on the raising of the tailings dam embankment resulting in insufficient water for full operation of the milling circuit. Goldcorp is undertaking measures to remedy these issues and full production capacity of 130,000 tonnes-per-day is anticipated to be achieved by the end of the first quarter of 2012.
Primero's San Dimas mine experienced a 31-day mill workers' strike, beginning on March 30, 2011, resulting in reduced mill throughput levels during the second quarter. The strike was resolved on May 2, 2011. As the San Dimas mill has been running below its nameplate capacity of 2,100 tonnes-per-day, Primero expects that the ore stock-piled during the stoppage can be processed in addition to regular daily production, and anticipates meeting its annual forecast silver production.
Barrick Gold Corporation's world-class gold-silver Pascua-Lama project remains on track to commence production in the first half of 2013. Over 40% of the pre-production capital budget of $4.7 to $5.0 billion has been committed with the engineering design approximately 90% complete. In Chile, earthworks are more than 80% complete, with significant infrastructure development in Argentina also advancing. Preparations are underway to commence pre-strip mining in Q4 2011. Once in production, Pascua-Lama is forecast to be one of the largest and lowest cost gold mines in the world with an expected mine life in excess of 25 years. In its first full five years of operation, Silver Wheaton's attributable silver production is expected to average nine million ounces annually.
Payable silver equivalent ounces produced but not yet delivered by our partners increased by over 500,000 ounces in the second quarter, resulting in a total of approximately 3.5 million payable ounces at June 30, 2011. This was primarily the result of a continued build-up in concentrate inventories at the Peñasquito mine as it ramps up production levels, as well as at the Yauliyacu mine which continues to experience an irregular concentrate shipment schedule.
Since mid-2009, concentrate shipments from the Yauliyacu mine have been affected by the shut-down of the Doe Run Peru smelter, the largest buyer of the concentrate produced at the mine. Since that time, Glencore has had to make alternative smelting arrangements for its stockpiled bulk concentrates at Yauliyacu. This has led to an inconsistent delivery schedule and a corresponding increase in the cumulative payable silver equivalent ounces produced but not yet delivered to Silver Wheaton.
In the second quarter of 2011, Glencore began producing separate, and more marketable, copper and lead concentrates, replacing the bulk concentrate. The consistency and quantity of these new concentrates are expected to increase in future quarters, and we anticipate more consistent silver deliveries to Silver Wheaton as this occurs.
As at June 30, 2011, approximately 1.3 million ounces of cumulative payable silver equivalent ounces have been produced at Yauliyacu but not yet delivered to Silver Wheaton. Approximately 900,000 ounces are attributable to the bulk concentrate, while 400,000 ounces are attributable to the new copper and lead concentrates.
Detailed mine by mine production and sales figures can be found in the Appendix of the press release or in Silver Wheaton's MD&A in the 'Results of Operations and Operational Review' section.
Operational highlights do not include material updates at mines with which Silver Wheaton has a silver purchase agreement but our partners have yet to report their quarterly results.
This earnings release should be read in conjunction with Silver Wheaton's unaudited MD&A and Financial Statements, which are available on the Company's website at http://www.silverwheaton.com and have also been posted on SEDAR at http://www.sedar.com.
Webcast and Conference Call Details
A conference call will be held Monday, August 8, 2011, starting at 11:00
am (Eastern Time) to discuss these results. To participate in the live
call use one of the following methods:
Dial toll free from Canada or the US: 1-888-231-8191
Dial from outside Canada or the US: 1-647-427-7450
Pass code: 80457512
Live audio webcast: http://www.silverwheaton.com
Participants should dial in five to ten minutes before the call.
The conference call will be recorded and you can listen to an archiv e of
the call by one of the following methods:
Dial toll free from Canada or the US: 1-800-642-1687
Dial from outside Canada or the US: 1-416-849-0833
Pass code: 80457512
Archived audio webcast: http://www.silverwheaton.com
ÜBERBLICK/Konjunktur, Zentralbanken - 13.30 Uhr-Fassung
08.08.2011
13:30
DJN
EZB kauft italienische und spanische Staatsanleihen - Händler
Die Europäische Zentralbank (EZB) hat am Montag nach Angaben von drei
Händlern zum ersten Mal italienische und spanische Staatsanleihen gekauft. Die
Käufe hätten einen signifikanten Umfang gehabt, sagte ein Händler. Die Renditen
für italienische und spanische Staatsanleihen gaben deutlich nach, der Spread
gegenüber Bundesanleihen engte sich ein. Angesichts der anhaltenden
Schuldenkrise im Euroraum hatte die EZB angekündigt, weitere Staatsanleihen
aufkaufen. Die EZB wolle ihr Programm zum Ankauf von Staatsanleihen der
Eurozone "aktiv umsetzen", hatte die Zentralbank am Sonntagabend erklärt.
Nutzung der EZB-Einlagenfazilität steigt deutlich
Die Nutzung der Einlagenfazilität der Europäischen Zentralbank (EZB) hat per
7. August 2011 deutlich zugelegt. Wie die EZB mitteilte, deponierten Banken in
der mit 0,75% verzinsten Fazilität 134,825 (zuvor: 117,763) Mrd EUR.
DIW warnt vor neuen Märkteschocks durch Notenbankpleiten - HB
Das Deutsche Institut für Wirtschaftsforschung (DIW) warnt nach der
Herabstufung des US-Ratings vor einer "Risiko-Krisenspirale", in der selbst
große Notenbanken an den Rand der Pleite gedrängt werden könnten. "Schaut man
sich die immer schlechtere Qualität und den stark gestiegenen Umfang der
Notenbankbilanzen an, wird schnell deutlich, dass auch Notenbanken bankrott
gehen können", sagte der Forschungsdirektor für Internationale Makroökonomie am
DIW, Ansgar Belke, zu "Handelsblatt Online" (HB).
OECD-Frühindikator deutet im Juni auf schwächeres Wachstum
Der von der Organisation für wirtschaftliche Zusammenarbeit und Entwicklung
(OECD) berechnete Frühindikator zeigt im Juni weiterhin einen Dynamikverlust in
den meisten Volkswirtschaften an. Der Indikator fiel gegenüber dem Vormonat um
0,3 auf 102,2 Punkte, wie es in einer Mitteilung der Organisation heißt.
Allerdings lag der Index immer noch um 0,6 Zähler über dem Stand des Vorjahres.
Die OECD verwies darauf, dass es nun stärkere Anzeichen für einen Umkehrpunkt
im Wachstumszyklus der USA, Japan und Russland gebe.
Banque de France sieht schwächeres Wachstum im dritten Quartal
Die französische Notenbank erwartet im dritten Quartal weiter eine
Abschwächung der Wachstumsdynamik. Das Bruttoinlandsprodukt (BIP) dürfte um
0,2% wachsen, erklärte die Banque des France de France in ihrem Monatsbericht
und bestätigte damit ihre bisherige Prognose. Im ersten Quartal hatte das BIP
um 0,9% zugelegt, gefolgt von einem Plus von 0,2% im zweiten Quartal.
Bank of Japan hebt Einschätzung der Wirtschaftslage leicht an
Die Bank of Japan (BoJ) hat in ihrem jüngsten Monatsbericht die Einschätzung
der Wirtschaftlage leicht erhöht. Die Erholung der Wirtschaft "schreite stetig"
voran, erklärte die Notenbank in ihrem Bericht. Die Natur- und Atomkatastrope
vom 11. März hatte viele Produktionsstätten eingeschränkt und Lieferketten der
exportlastigen Volkswirtschaft unterbrochen.
Deutsche Stahlproduktion lässt im Juli etwas nach
Die Produktion der deutschen Stahlhersteller hat im Juli erneut nachgelassen.
Im abgelaufenen Monat sei mit rund 3,7 Mio Tonnen Rohstahl die Menge des
Vormonats nicht ganz erreicht worden, teilte die Wirtschaftsvereinigung Stahl
mit. Bei Bekanntgabe des hohen Produktionsniveaus des Monats Mai hatte der
Stahlverband bereits eine Beruhigung in den kommenden Monaten vorhergesagt.
DJG/apo
(END) Dow Jones Newswires
August 08, 2011 07:30 ET (11:30 GMT)
Dow Jones & Company, Inc.2011
08.08.2011
13:30
DJN
EZB kauft italienische und spanische Staatsanleihen - Händler
Die Europäische Zentralbank (EZB) hat am Montag nach Angaben von drei
Händlern zum ersten Mal italienische und spanische Staatsanleihen gekauft. Die
Käufe hätten einen signifikanten Umfang gehabt, sagte ein Händler. Die Renditen
für italienische und spanische Staatsanleihen gaben deutlich nach, der Spread
gegenüber Bundesanleihen engte sich ein. Angesichts der anhaltenden
Schuldenkrise im Euroraum hatte die EZB angekündigt, weitere Staatsanleihen
aufkaufen. Die EZB wolle ihr Programm zum Ankauf von Staatsanleihen der
Eurozone "aktiv umsetzen", hatte die Zentralbank am Sonntagabend erklärt.
Nutzung der EZB-Einlagenfazilität steigt deutlich
Die Nutzung der Einlagenfazilität der Europäischen Zentralbank (EZB) hat per
7. August 2011 deutlich zugelegt. Wie die EZB mitteilte, deponierten Banken in
der mit 0,75% verzinsten Fazilität 134,825 (zuvor: 117,763) Mrd EUR.
DIW warnt vor neuen Märkteschocks durch Notenbankpleiten - HB
Das Deutsche Institut für Wirtschaftsforschung (DIW) warnt nach der
Herabstufung des US-Ratings vor einer "Risiko-Krisenspirale", in der selbst
große Notenbanken an den Rand der Pleite gedrängt werden könnten. "Schaut man
sich die immer schlechtere Qualität und den stark gestiegenen Umfang der
Notenbankbilanzen an, wird schnell deutlich, dass auch Notenbanken bankrott
gehen können", sagte der Forschungsdirektor für Internationale Makroökonomie am
DIW, Ansgar Belke, zu "Handelsblatt Online" (HB).
OECD-Frühindikator deutet im Juni auf schwächeres Wachstum
Der von der Organisation für wirtschaftliche Zusammenarbeit und Entwicklung
(OECD) berechnete Frühindikator zeigt im Juni weiterhin einen Dynamikverlust in
den meisten Volkswirtschaften an. Der Indikator fiel gegenüber dem Vormonat um
0,3 auf 102,2 Punkte, wie es in einer Mitteilung der Organisation heißt.
Allerdings lag der Index immer noch um 0,6 Zähler über dem Stand des Vorjahres.
Die OECD verwies darauf, dass es nun stärkere Anzeichen für einen Umkehrpunkt
im Wachstumszyklus der USA, Japan und Russland gebe.
Banque de France sieht schwächeres Wachstum im dritten Quartal
Die französische Notenbank erwartet im dritten Quartal weiter eine
Abschwächung der Wachstumsdynamik. Das Bruttoinlandsprodukt (BIP) dürfte um
0,2% wachsen, erklärte die Banque des France de France in ihrem Monatsbericht
und bestätigte damit ihre bisherige Prognose. Im ersten Quartal hatte das BIP
um 0,9% zugelegt, gefolgt von einem Plus von 0,2% im zweiten Quartal.
Bank of Japan hebt Einschätzung der Wirtschaftslage leicht an
Die Bank of Japan (BoJ) hat in ihrem jüngsten Monatsbericht die Einschätzung
der Wirtschaftlage leicht erhöht. Die Erholung der Wirtschaft "schreite stetig"
voran, erklärte die Notenbank in ihrem Bericht. Die Natur- und Atomkatastrope
vom 11. März hatte viele Produktionsstätten eingeschränkt und Lieferketten der
exportlastigen Volkswirtschaft unterbrochen.
Deutsche Stahlproduktion lässt im Juli etwas nach
Die Produktion der deutschen Stahlhersteller hat im Juli erneut nachgelassen.
Im abgelaufenen Monat sei mit rund 3,7 Mio Tonnen Rohstahl die Menge des
Vormonats nicht ganz erreicht worden, teilte die Wirtschaftsvereinigung Stahl
mit. Bei Bekanntgabe des hohen Produktionsniveaus des Monats Mai hatte der
Stahlverband bereits eine Beruhigung in den kommenden Monaten vorhergesagt.
DJG/apo
(END) Dow Jones Newswires
August 08, 2011 07:30 ET (11:30 GMT)
Dow Jones & Company, Inc.2011
wer ruft denn heute mal die ccg-redaktions-pn ab? 
danke für den hinweiss, ist noch ein kleines problem. sollte die nächsten tage gelöst sein.[url=http://peketec.de/trading/viewtopic.php?p=1118044#1118044 schrieb:Medusabombe schrieb am 08.08.2011, 15:26 Uhr[/url]"]wer ruft denn heute mal die ccg-redaktions-pn ab?
Es werden in diesen Phasen wieder alle Assetklassen abverkauft!
Die größeren Basis + Industriemetall-Unternehmen fallen aber etwas stärker als die des Edelmetallsektors... bin gespannt ob es jemals zu einer völligen Abkopplung kommen wird.
Die größeren Basis + Industriemetall-Unternehmen fallen aber etwas stärker als die des Edelmetallsektors... bin gespannt ob es jemals zu einer völligen Abkopplung kommen wird.
[url=http://peketec.de/trading/viewtopic.php?p=1118043#1118043 schrieb:CCG-Redaktion schrieb am 08.08.2011, 15:24 Uhr[/url]"]Also langsam sollten die fetten Hennen anfangen zu laufen!
Einige User haben uns netterweise darauf aufmerksam gemacht, dass bei den versendeten Emails
Darstellungsfehler sind. Es wird daran gearbeitet, die Fehler treten aber nicht bei allen auf!
Darstellungsfehler sind. Es wird daran gearbeitet, die Fehler treten aber nicht bei allen auf!
Newstrike President Richard Whittall on Mexico assays of 4.6 g/t gold over 120m
Newstrike Capital Inc TSXV:NES announced results from its Ana Paula Project in Guerrero State, Mexico. Highlights include 4.6 g/t gold and 3.96 g/t silver over 120 metres (including 8.89 g/t gold and 6.3 g/t silver over 50 metres), 0.81 g/t gold and 6.4 g/t silver over 108 metres (including 1.39 g/t gold and 11.1 g/t silver over 48 metres), 0.43 g/t gold and 6.6 g/t silver over 155.8 metres (including 0.73 g/t gold and 3.9 g/t silver over 10.3 metres) and 0.67 g/t gold and 3.7 g/t silver over 68.3 metres (including 0.97 g/t gold and 6.9 g/t silver over 22 metres).
President/CEO Richard Whittall tells ResourceClips.com, “We acquired Ana Paula a year ago from Goldcorp, and we started drilling in October of last year. We’ve put in about 24,000 metres of drilling on an exploratory program. We initially acquired the property from Goldcorp because they had put in 11 holes and we analysed the assays from those and thought it might be what we call a classic GGB—or Guerrero Gold Belt style of mineralization. Low grade and shallow. These are porphyry-gold, porphyry-skarn deposits. We ended up achieving results that were very predictable in terms of low grade, with some high-grade gold-skarn kicks. Then we punched some holes in the southern part of the project and hit a very high-grade breccia zone. It has been probably the most robust mineralizing system we have seen in 15 years in Guerrero. But Ana Paula has a lot more to tell us.
“The drill program is continuing. Normally what you do is just step out 100 metres at a time until you fall off the edges of the mineralizing system. To date, it’s still open in every direction and at depth. So it’s a pretty significant gold discovery. And, it turns out, it has some pretty interesting silver values as well.”
Whittall continues, “It’s a guess at this point, because we’ll be drilling till the end of this year, but at that point we’ll make a decision on whether we bring in a group to help us do a resource estimate and a 43-101. But, at the moment, we’re still not even a year into this.
“We’re not production people. Our business model is to partner or sell the company. Which is pretty common among 3,000 other junior companies. We have a track record in Guerrero. Our team was responsible for discovering the deposit next door, Torex‘s Morelos project. We sold another deposit back in 2003 [i.e. the Los Filos deposit]—we were partners with Teck Resources—and Goldcorp bought that, and it’s now the largest gold mine in Mexico until Penasquito gets up and running. We’re exploration people, and it’s pretty likely that we’re just going to continue on that path.
“The infrastructure is terrific. The community is just excellent. We have water and power and, topographically, it’s easy to get to and easy to navigate around. Like most places in Guerrero, it has ravines that are quite shallow. I’m not an engineer, but this is shaping up to be a shallow, robust discovery—potentially an open pit. I would say we’ll finish the year with about 35,000 metres of drilling. Eventually, I think it’ll make a beautiful deposit for someone. But, again, I can’t emphasize how early it is, and we’ve been spectacularly lucky by hitting a very high-grade area early on.
“[These results] give a huge boost to our confidence about the scope and scale of this breccia area. Furthermore, in the lower-grade mineralization it confirms another large bulk area of mineralization that’s holding together. Our confidence, with every set of assays, is increasing in the scope and scale of this project.” Whittall concludes, “I can’t say it’s world class because we haven’t put enough holes in it. But it is, without question, one of the richest gold discoveries in Mexico. A very significant discovery.”
by Greg Klein and Ted Niles
This article was posted by Ted Niles on Sunday, August 7th, 2011 at 8:50 pm.
Quelle: http://resourceclips.com/2011/08/07/newstrike-president-richard-whittall-on-mexico-assays-of-4-6-gt-gold-over-120m/
Newstrike Capital Inc TSXV:NES announced results from its Ana Paula Project in Guerrero State, Mexico. Highlights include 4.6 g/t gold and 3.96 g/t silver over 120 metres (including 8.89 g/t gold and 6.3 g/t silver over 50 metres), 0.81 g/t gold and 6.4 g/t silver over 108 metres (including 1.39 g/t gold and 11.1 g/t silver over 48 metres), 0.43 g/t gold and 6.6 g/t silver over 155.8 metres (including 0.73 g/t gold and 3.9 g/t silver over 10.3 metres) and 0.67 g/t gold and 3.7 g/t silver over 68.3 metres (including 0.97 g/t gold and 6.9 g/t silver over 22 metres).
President/CEO Richard Whittall tells ResourceClips.com, “We acquired Ana Paula a year ago from Goldcorp, and we started drilling in October of last year. We’ve put in about 24,000 metres of drilling on an exploratory program. We initially acquired the property from Goldcorp because they had put in 11 holes and we analysed the assays from those and thought it might be what we call a classic GGB—or Guerrero Gold Belt style of mineralization. Low grade and shallow. These are porphyry-gold, porphyry-skarn deposits. We ended up achieving results that were very predictable in terms of low grade, with some high-grade gold-skarn kicks. Then we punched some holes in the southern part of the project and hit a very high-grade breccia zone. It has been probably the most robust mineralizing system we have seen in 15 years in Guerrero. But Ana Paula has a lot more to tell us.
“The drill program is continuing. Normally what you do is just step out 100 metres at a time until you fall off the edges of the mineralizing system. To date, it’s still open in every direction and at depth. So it’s a pretty significant gold discovery. And, it turns out, it has some pretty interesting silver values as well.”
Whittall continues, “It’s a guess at this point, because we’ll be drilling till the end of this year, but at that point we’ll make a decision on whether we bring in a group to help us do a resource estimate and a 43-101. But, at the moment, we’re still not even a year into this.
“We’re not production people. Our business model is to partner or sell the company. Which is pretty common among 3,000 other junior companies. We have a track record in Guerrero. Our team was responsible for discovering the deposit next door, Torex‘s Morelos project. We sold another deposit back in 2003 [i.e. the Los Filos deposit]—we were partners with Teck Resources—and Goldcorp bought that, and it’s now the largest gold mine in Mexico until Penasquito gets up and running. We’re exploration people, and it’s pretty likely that we’re just going to continue on that path.
“The infrastructure is terrific. The community is just excellent. We have water and power and, topographically, it’s easy to get to and easy to navigate around. Like most places in Guerrero, it has ravines that are quite shallow. I’m not an engineer, but this is shaping up to be a shallow, robust discovery—potentially an open pit. I would say we’ll finish the year with about 35,000 metres of drilling. Eventually, I think it’ll make a beautiful deposit for someone. But, again, I can’t emphasize how early it is, and we’ve been spectacularly lucky by hitting a very high-grade area early on.
“[These results] give a huge boost to our confidence about the scope and scale of this breccia area. Furthermore, in the lower-grade mineralization it confirms another large bulk area of mineralization that’s holding together. Our confidence, with every set of assays, is increasing in the scope and scale of this project.” Whittall concludes, “I can’t say it’s world class because we haven’t put enough holes in it. But it is, without question, one of the richest gold discoveries in Mexico. A very significant discovery.”
by Greg Klein and Ted Niles
This article was posted by Ted Niles on Sunday, August 7th, 2011 at 8:50 pm.
Quelle: http://resourceclips.com/2011/08/07/newstrike-president-richard-whittall-on-mexico-assays-of-4-6-gt-gold-over-120m/
GEM hat das Gap nun zugemacht...fast 50% down vom Juli-Hoch...
[url=http://peketec.de/trading/viewtopic.php?p=1100032#1100032 schrieb:greenhorn schrieb am 06.07.2011, 15:55 Uhr[/url]"]so, Rest auch erstmal raus - mal sehen ob das GAP geschlossen wird die Tage
KK im Schnitt ,15 - VK im Schnitt 0,19/0,20 Euro
» zur Grafik
[url=http://peketec.de/trading/viewtopic.php?p=1099064#1099064 schrieb:greenhorn schrieb am 05.07.2011, 15:43 Uhr[/url]"]Halbe Posi raus
[url=http://peketec.de/trading/viewtopic.php?p=1098761#1098761 schrieb:greenhorn schrieb am 05.07.2011, 10:09 Uhr[/url]"]8) starke PEA; MK bei winzigen 27 Mio CAD
Nachtrag - die verunglückten Trades in FFM war ich.......also kleine Posi vorab Long - viel fallen geht eigentlich nicht, eine positive Reaktion auf die News wahrscheinlich, zumal EcoRidge mehr seltene Erden als Uran in der Produktion haben wird....
rein spekulativ.........
July 5, 2011 - 4:00 AM EDT
Pele Mountain Announces Preliminary Economic Assessment for Eco Ridge Mine Rare Earths and Uranium Project with $1.31-Billion Pre-Tax Cash Flow, $662-Million NPV (at 7.5% Discount Rate), 47% IRR
TORONTO, Jul. 5, 2011 (PR Newswire Europe) -- v>
[url=http://peketec.de/trading/viewtopic.php?p=717166#717166 schrieb:dukezero schrieb am 15.09.2009, 19:51 Uhr[/url]"]Goldman Sachs hat am 1.9.09 Goldaktien zum Verkauf empfohlen.
Seitdem ist der HUI um 19,23 % gestiegen.
[url=http://peketec.de/trading/viewtopic.php?p=1059764#1059764 schrieb:golden_times schrieb am 12.04.2011, 18:35 Uhr[/url]"]COMMODITIES-Goldman says sell commodities, markets ask how low?
http://af.reuters.com/article/metalsNews/idAFL3E7FC06Z20110412
http://www.finanzen100.de/index/amex-gold-bugs-hui-_H458541632_8318884/chart.html
Goldman sucks! Blind chickens!!
[url=http://peketec.de/trading/viewtopic.php?p=1118213#1118213 schrieb:Kerberos schrieb am 08.08.2011, 17:06 Uhr[/url]"]Liegt da jemand schief...!
[url=http://peketec.de/trading/viewtopic.php?p=1118192#1118192 schrieb:Der_Dude schrieb am 08.08.2011, 16:57 Uhr[/url]"]
Market talk that Goldman Sachs is recommending clients to exit Gold and Silver positions
HUI kommt und mit ITH, die sich nach oben arbeitet!
http://finance.yahoo.com/echarts?s=^HUI+Interactive#chart1:symbol=^hui;range=1d;indicator=ema%28200%29+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
http://finance.yahoo.com/echarts?s=^HUI+Interactive#chart1:symbol=^hui;range=1d;indicator=ema%28200%29+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
ITH wurde bei mir letzte woche nicht ausgeführt, gottseidank, jetzt wäre der kurs noch günstiger.[url=http://peketec.de/trading/viewtopic.php?p=1118290#1118290 schrieb:
keine ahnung, was ich machen soll
jetzt gehts schon wieder kräftig hoch.
Na da bin ich mal gespannt ob es so kommt....
Edelmetalle: "Korrekturgefahr beim Gold"
08.08.2011 | 14:28 Uhr | DAF
Manche Goldfans werden sich erinnern: Im Umfeld der Lehmanpleite gab es heftige Korrekturen beim Goldpreis. Wiederholt sich dasß Die Charttechnik sendet Warnsignale.
Klaus Deppermann, Technischer Analyst im Private Banking der BHF-Bank sieht Gefahren: "Der Platinpreis fällt kräftig?" und der ist ein Vorläufer?. Ein weiteres Argument: "Goldpreis und Goldminenkurse fallen immer stärker auseinander". Eugen Weinberg, Leiter der Rohstoffanalyse der Commerzbank, erinnert sich an die heftigen Korrekturen des Goldpreises während der Lehman-Pleite, als viele Investoren Gold liquidieren mussten um Verluste an anderen Stellen zu kompensieren. "Damals fiel der Preis um die 30 Prozent, das kann wieder passieren", gesteht er zu.
Für ihn ist das nur vorrübergehend: "Gold wäre dann eine Kaufgelegenheit, denn der Preis wird wegen des Bedürfnis nach Sicherheit weitersteigen2. Außerdem würden sich dann bei einem solchen Rückgang sofort die Notenbanken eindecken. Die Entwicklung bei Platin überrascht ihn nicht: "Platin ist eher ein Industriemetall, das unter den Rezessionsgefahren leidet". Auch Charttechniker Deppermann konzidiert dem Goldpreis große Trendstärke, ist aber nach seiner Analyse überzeugt: "Ein Korrektur von mindestens 20 Prozent steht bevor."
Video zu dem Beitrag:
>>> http://www.daf.fm/video/edelmetalle-korrekturgefahr-beim-gold-50146659-XC0009655157.html
Edelmetalle: "Korrekturgefahr beim Gold"
08.08.2011 | 14:28 Uhr | DAF
Manche Goldfans werden sich erinnern: Im Umfeld der Lehmanpleite gab es heftige Korrekturen beim Goldpreis. Wiederholt sich dasß Die Charttechnik sendet Warnsignale.
Klaus Deppermann, Technischer Analyst im Private Banking der BHF-Bank sieht Gefahren: "Der Platinpreis fällt kräftig?" und der ist ein Vorläufer?. Ein weiteres Argument: "Goldpreis und Goldminenkurse fallen immer stärker auseinander". Eugen Weinberg, Leiter der Rohstoffanalyse der Commerzbank, erinnert sich an die heftigen Korrekturen des Goldpreises während der Lehman-Pleite, als viele Investoren Gold liquidieren mussten um Verluste an anderen Stellen zu kompensieren. "Damals fiel der Preis um die 30 Prozent, das kann wieder passieren", gesteht er zu.
Für ihn ist das nur vorrübergehend: "Gold wäre dann eine Kaufgelegenheit, denn der Preis wird wegen des Bedürfnis nach Sicherheit weitersteigen2. Außerdem würden sich dann bei einem solchen Rückgang sofort die Notenbanken eindecken. Die Entwicklung bei Platin überrascht ihn nicht: "Platin ist eher ein Industriemetall, das unter den Rezessionsgefahren leidet". Auch Charttechniker Deppermann konzidiert dem Goldpreis große Trendstärke, ist aber nach seiner Analyse überzeugt: "Ein Korrektur von mindestens 20 Prozent steht bevor."
Video zu dem Beitrag:
>>> http://www.daf.fm/video/edelmetalle-korrekturgefahr-beim-gold-50146659-XC0009655157.html
Commerce President Dave Hodge on Quebec rare earth assays of 2.06% over 344.5m
Commerce Resources Corp TSXV:CCE announced assays from its Eldor Property in northern Quebec. Results include 2.06% total rare earth oxides over 344.5 metres (including 2.35% over 38.8 metres), 1.99% over 243.5 metres (including 2.83% over 37.2 metres), 1.67% over 237 metres (including 1.99% over 117.8 metres), 0.73% over 295.2 metres and 1.38% over 10 metres.
President/Director Dave Hodge tells ResourceClips.com, “In terms of rare earth results, these are truly spectacular. The grade is in the plus-2% category, and there’s a substantial amount of heavy rare earth as well as large amounts of neodymium. When you add these results onto the resource calculation that we released last April, which showed 117 million tonnes grading 1.74%, it’s going to add to the tonnage considerably and probably increase the overall grade. These are very, very exciting results.
“The project is moving straight ahead. We have people out in the field—right as we speak, right at this moment—who are discovering new potential drill targets in parts of the carbonatite complex that have never been drill-tested,” he says.
“Today’s news comes from the last four holes of the winter drill program. Three of them were in the Ashram Zone, and they will increase the size and grade. The fourth hole went into a whole new rare earth showing. It hit significant rare earth and certainly suggests we need to keep drilling. The grades in that new zone are not quite as fantastic as the Ashram results, but that’s just one drill hole and certainly there’ll be more excitement there.
“We can keep drilling into October. Then we can come back in January and start selecting targets that are off the ice.
“Next we will be doing a resource calculation, and we’ll be doing some metallurgical work. We’re essentially in a strong financial position, and with the situation in the rare earth market today, we will moving this project forward as fast as we possibly can,” Hodge says.
“We’re building the development team on our Blue River Project here in British Columbia. That project is in scoping study at the moment, which will be released relatively shortly. But another advantage to Blue River is that it’s increasing our expertise on the development side, so we will have the capabilities to go into production. But considering the shortages in the world today, and the fact that this will undoubtedly be one of the finest and largest rare earth deposits globally, I’m not sure our little company’s going to be able to hang onto it. But we’re moving it straight ahead,” Hodge says. He adds, however, “Yes! We intend to take it into production.”
Asked how an Eldor Mine would affect the world rare earths market, Hodge replies, “That whole possibility is a ways off, and that’s a very interesting question. But it would depend on who else was successful at getting into production and at what cost or what price they could sell. But clearly the demand for rare earths, for critical elements, will do nothing but go up and up and up. Even considering that the Ashram Deposit is huge, it is only going to be able to handle a percentage of global demand. But Commerce Resources will be part of that.”
Hodge continues, “Quebec is certainly one of the most favourable jurisdictions to work in. The Quebec government is looking at road and rail construction all up through that corridor of opportunity, right up to the little town of Kuujjuaq, which is where we’re mobilizing out of. That is going to provide opportunities not just for the Eldor carbonatite complex, but it will help a number of very large iron ore deposits go into production. The whole mining sector in northern Quebec is going to do very well for Quebeckers and, for that matter, for all Canadians.
“Don’t ask me ask me about infrastructure,” he laughs. “There is none. It’s a little tough, that aspect. But the one thing that gets around infrastructure problems is size—and Eldor certainly has the size. I mean it’s a very, very large deposit. When that deposit is finally mined in an open-pit manner, you’ll be able to see the Eldor Mine from the moon!”
by Greg Klein
This article was posted by Ted Niles on Monday, August 8th, 2011 at 9:42 am
Quelle: http://resourceclips.com/2011/08/08/commerce-president-dave-hodge-on-quebec-rare-earth-assays-of-2-06-over-344-5m/
Commerce Resources Corp TSXV:CCE announced assays from its Eldor Property in northern Quebec. Results include 2.06% total rare earth oxides over 344.5 metres (including 2.35% over 38.8 metres), 1.99% over 243.5 metres (including 2.83% over 37.2 metres), 1.67% over 237 metres (including 1.99% over 117.8 metres), 0.73% over 295.2 metres and 1.38% over 10 metres.
President/Director Dave Hodge tells ResourceClips.com, “In terms of rare earth results, these are truly spectacular. The grade is in the plus-2% category, and there’s a substantial amount of heavy rare earth as well as large amounts of neodymium. When you add these results onto the resource calculation that we released last April, which showed 117 million tonnes grading 1.74%, it’s going to add to the tonnage considerably and probably increase the overall grade. These are very, very exciting results.
“The project is moving straight ahead. We have people out in the field—right as we speak, right at this moment—who are discovering new potential drill targets in parts of the carbonatite complex that have never been drill-tested,” he says.
“Today’s news comes from the last four holes of the winter drill program. Three of them were in the Ashram Zone, and they will increase the size and grade. The fourth hole went into a whole new rare earth showing. It hit significant rare earth and certainly suggests we need to keep drilling. The grades in that new zone are not quite as fantastic as the Ashram results, but that’s just one drill hole and certainly there’ll be more excitement there.
“We can keep drilling into October. Then we can come back in January and start selecting targets that are off the ice.
“Next we will be doing a resource calculation, and we’ll be doing some metallurgical work. We’re essentially in a strong financial position, and with the situation in the rare earth market today, we will moving this project forward as fast as we possibly can,” Hodge says.
“We’re building the development team on our Blue River Project here in British Columbia. That project is in scoping study at the moment, which will be released relatively shortly. But another advantage to Blue River is that it’s increasing our expertise on the development side, so we will have the capabilities to go into production. But considering the shortages in the world today, and the fact that this will undoubtedly be one of the finest and largest rare earth deposits globally, I’m not sure our little company’s going to be able to hang onto it. But we’re moving it straight ahead,” Hodge says. He adds, however, “Yes! We intend to take it into production.”
Asked how an Eldor Mine would affect the world rare earths market, Hodge replies, “That whole possibility is a ways off, and that’s a very interesting question. But it would depend on who else was successful at getting into production and at what cost or what price they could sell. But clearly the demand for rare earths, for critical elements, will do nothing but go up and up and up. Even considering that the Ashram Deposit is huge, it is only going to be able to handle a percentage of global demand. But Commerce Resources will be part of that.”
Hodge continues, “Quebec is certainly one of the most favourable jurisdictions to work in. The Quebec government is looking at road and rail construction all up through that corridor of opportunity, right up to the little town of Kuujjuaq, which is where we’re mobilizing out of. That is going to provide opportunities not just for the Eldor carbonatite complex, but it will help a number of very large iron ore deposits go into production. The whole mining sector in northern Quebec is going to do very well for Quebeckers and, for that matter, for all Canadians.
“Don’t ask me ask me about infrastructure,” he laughs. “There is none. It’s a little tough, that aspect. But the one thing that gets around infrastructure problems is size—and Eldor certainly has the size. I mean it’s a very, very large deposit. When that deposit is finally mined in an open-pit manner, you’ll be able to see the Eldor Mine from the moon!”
by Greg Klein
This article was posted by Ted Niles on Monday, August 8th, 2011 at 9:42 am
Quelle: http://resourceclips.com/2011/08/08/commerce-president-dave-hodge-on-quebec-rare-earth-assays-of-2-06-over-344-5m/
Cariboo Gold Rush Revisited
Spanish Mountain Moves Toward Prefeasibility
By Greg Klein
As BC’s 1858 Fraser Valley Gold Rush waned, some prospectors struck it rich in the Cariboo, sparking an even bigger stampede. Once again, the region is thriving with mining activity, from the humblest diggers to producing mines. “We have active placer operations right close by our Spanish Mountain Project,” says Spanish Mountain President/CEO Brian Groves. “It’s interesting to see evidence of the Cariboo Gold Rush and the placer operation still going today, which speaks to the vitality of the industry, I guess—and the price of gold.”
Ah yes, the price of gold. It’s been good news indeed for explorers like Spanish Mountain. As Groves and his team guide the project, located 70 kilometres north-east of Williams Lake, toward a September 2011 prefeasibility study, their projections grow more optimistic.
“Currently we’ve completed all the drilling in the Main Zone, which is the main deposit area of the Spanish Mountain Gold Project, and we’ve just started drilling one of the peripheral targets approximately three kilometres away. It’s a gold-in-soil geochemical anomaly which had not been previously tested by the owners of the piece of property which we acquired in mid-2010. It’s basically contiguous with our Spanish Mountain Project. We have two drills turning on that target at the present time. We need to outline that before we actually move too aggressively into the prefeasibility phase, but at the current time we know that the Main Zone at Spanish Mountain can support quite a nice operation with quite good net present value and payback and so on.”
Assays released July 28 show 0.65 grams per tonne gold over 321.6 metres (including 1.03 g/t over 50 metres), 0.5 g/t over 284.5 metres (including 1.35 g/t over 66.5 metres), 0.55 g/t over 214.3 metres (including 16.9 g/t over 1.5 metres) and 0.91 g/t over 123 metres (including 106 g/t over 0.75 metres).
June 2 assays include 0.46 g/t over 204.3 metres (including 1.26 g/t over 20.4 metres), 0.64 g/t over 62.5 metres (including 1.14 g/t over 15 metres), 0.51 g/t over 127 metres (including 1.06 g/t over 9.8 metres) and 0.38 g/t over 210 metres (including 0.53 g/t over 58 metres).
Groves comments on the July 28 results, “I think these are some of the longest intercepts we’ve seen on the property, and there are a lot of market watchers who are becoming very, very bullish on the future gold price. Even at the current level around about $1,600, we see a lot of upside on the overall pit design. Our PEA used a fairly conservative $950 US gold price for the pit design.”
Based on that price, the company’s December 2010 PEA included a resource estimate showing 1.37 million ounces measured and indicated, and 611,100 ounces inferred.
Groves explains, “Even without the drilling that we just completed, we know that if we were to design a $1,100 gold pit, we would have probably somewhere in the range of 2.8 million recoverable ounces. Again, that’s before the infill drilling.”
Gold’s increasing value will cut operating costs, he emphasizes. “We won’t be moving as much waste as we had originally planned. That’s because we now see more mineralized material in those areas, and again we think that with a $1,100 gold-price assumption, which some people think is still fairly conservative, we think the cut-off grade will probably fall to about 0.2 grams per tonne or less.”
Groves adds, “I suspect that when we come to update the resource model some time in the fall, once we have all the assay results from the Main Zone drilling, we’ll have achieved our goal of moving a lot of ounces into the M and I categories, as well as potentially expanding the resource.” He expects to have the full feasibility study complete by the end of 2012.
Local infrastructure includes a road, high-voltage power and proximity to a mill capable of “maybe 40,000 to 50,000 tonnes a day,” Groves says. “Infrastructure is a crucial point because we’ve seen all these big projects blow up on the CAPEX side—Barrick and NovaGold especially.”
Earlier this month, Spanish Mountain entered the pre-application phase with the provincial and federal environmental agencies. “We’ve spent a lot of time dealing with communities and First Nations, so we’re quite advanced in our community relations, and that’s a pretty positive aspect, for any project in BC, especially,” Groves says.
The company plans to go into production itself, but Groves admits, “We’re practical guys, and we realize that if someone does come along and wants to partner with us, it’ll be the board that ultimately decides what happens, and we’ll put it to the shareholders.”
Spanish Mountain owns three early stage projects: Prince George and Manson Creek in northwestern BC and Thunder Ridge in the Cariboo. The company is also exploring a gold-and-copper target in the Cedar Creek area of the Spanish Mountain Project.
“At the moment we have that nice balance between a development story and exploration upside, which I think is something that a lot of people might be looking for,” Groves says.
At press time Spanish Mountain had 164.9 million shares outstanding at $0.60 a share for a market cap of 98.9 million. As of July 2011 the company had $20 million cash on hand.
Quelle: http://resourceclips.com/2011/08/08/cariboo-gold-rush-revisited/
Spanish Mountain Moves Toward Prefeasibility
By Greg Klein
As BC’s 1858 Fraser Valley Gold Rush waned, some prospectors struck it rich in the Cariboo, sparking an even bigger stampede. Once again, the region is thriving with mining activity, from the humblest diggers to producing mines. “We have active placer operations right close by our Spanish Mountain Project,” says Spanish Mountain President/CEO Brian Groves. “It’s interesting to see evidence of the Cariboo Gold Rush and the placer operation still going today, which speaks to the vitality of the industry, I guess—and the price of gold.”
Ah yes, the price of gold. It’s been good news indeed for explorers like Spanish Mountain. As Groves and his team guide the project, located 70 kilometres north-east of Williams Lake, toward a September 2011 prefeasibility study, their projections grow more optimistic.
“Currently we’ve completed all the drilling in the Main Zone, which is the main deposit area of the Spanish Mountain Gold Project, and we’ve just started drilling one of the peripheral targets approximately three kilometres away. It’s a gold-in-soil geochemical anomaly which had not been previously tested by the owners of the piece of property which we acquired in mid-2010. It’s basically contiguous with our Spanish Mountain Project. We have two drills turning on that target at the present time. We need to outline that before we actually move too aggressively into the prefeasibility phase, but at the current time we know that the Main Zone at Spanish Mountain can support quite a nice operation with quite good net present value and payback and so on.”
Assays released July 28 show 0.65 grams per tonne gold over 321.6 metres (including 1.03 g/t over 50 metres), 0.5 g/t over 284.5 metres (including 1.35 g/t over 66.5 metres), 0.55 g/t over 214.3 metres (including 16.9 g/t over 1.5 metres) and 0.91 g/t over 123 metres (including 106 g/t over 0.75 metres).
June 2 assays include 0.46 g/t over 204.3 metres (including 1.26 g/t over 20.4 metres), 0.64 g/t over 62.5 metres (including 1.14 g/t over 15 metres), 0.51 g/t over 127 metres (including 1.06 g/t over 9.8 metres) and 0.38 g/t over 210 metres (including 0.53 g/t over 58 metres).
Groves comments on the July 28 results, “I think these are some of the longest intercepts we’ve seen on the property, and there are a lot of market watchers who are becoming very, very bullish on the future gold price. Even at the current level around about $1,600, we see a lot of upside on the overall pit design. Our PEA used a fairly conservative $950 US gold price for the pit design.”
Based on that price, the company’s December 2010 PEA included a resource estimate showing 1.37 million ounces measured and indicated, and 611,100 ounces inferred.
Groves explains, “Even without the drilling that we just completed, we know that if we were to design a $1,100 gold pit, we would have probably somewhere in the range of 2.8 million recoverable ounces. Again, that’s before the infill drilling.”
Gold’s increasing value will cut operating costs, he emphasizes. “We won’t be moving as much waste as we had originally planned. That’s because we now see more mineralized material in those areas, and again we think that with a $1,100 gold-price assumption, which some people think is still fairly conservative, we think the cut-off grade will probably fall to about 0.2 grams per tonne or less.”
Groves adds, “I suspect that when we come to update the resource model some time in the fall, once we have all the assay results from the Main Zone drilling, we’ll have achieved our goal of moving a lot of ounces into the M and I categories, as well as potentially expanding the resource.” He expects to have the full feasibility study complete by the end of 2012.
Local infrastructure includes a road, high-voltage power and proximity to a mill capable of “maybe 40,000 to 50,000 tonnes a day,” Groves says. “Infrastructure is a crucial point because we’ve seen all these big projects blow up on the CAPEX side—Barrick and NovaGold especially.”
Earlier this month, Spanish Mountain entered the pre-application phase with the provincial and federal environmental agencies. “We’ve spent a lot of time dealing with communities and First Nations, so we’re quite advanced in our community relations, and that’s a pretty positive aspect, for any project in BC, especially,” Groves says.
The company plans to go into production itself, but Groves admits, “We’re practical guys, and we realize that if someone does come along and wants to partner with us, it’ll be the board that ultimately decides what happens, and we’ll put it to the shareholders.”
Spanish Mountain owns three early stage projects: Prince George and Manson Creek in northwestern BC and Thunder Ridge in the Cariboo. The company is also exploring a gold-and-copper target in the Cedar Creek area of the Spanish Mountain Project.
“At the moment we have that nice balance between a development story and exploration upside, which I think is something that a lot of people might be looking for,” Groves says.
At press time Spanish Mountain had 164.9 million shares outstanding at $0.60 a share for a market cap of 98.9 million. As of July 2011 the company had $20 million cash on hand.
Quelle: http://resourceclips.com/2011/08/08/cariboo-gold-rush-revisited/
August 08, 2011 13:55 ET
Orezone Expands Bombore Gold Project Area 60% With New Permit
New Permit Captures Possible Extension of Bombore Mineralization to Southwest
OTTAWA, ONTARIO--(Marketwire - Aug. 8, 2011) - Orezone Gold Corporation (TSX:ORE) is pleased to announce it has been granted exploration rights to an additional 63 km2 of prospective ground adjacent to its Bomboré gold project in Burkina Faso. The Toéyoko permit (see map: http://www.orezone.com/sites/default/files/Orezone%20Permits%20-%20Bombore%20%2B%20Toeyoko%20Permits%20%2B%20Soil%20Geochemistry.JPG) extends the project footprint to the south and southwest by 60%. The Bomboré resource model and mineralization currently spans a 14 km distance where regional gold-in-soil geochemistry and auger drilling results indicate there's potential for mineralization to extend from Bomboré onto the new Toéyoko permit.
"With recent drilling in the southern half of the Bomboré deposit delivering higher grades and better continuity, the Toéyoko permit is an attractive target for future exploration," said Ron Little, CEO of Orezone. "The auger drilling and gold-in-soil geochemical anomalies adjacent to the new permit are positive indications that what we are currently investigating on Bomboré could extend onto the Toéyoko permit."
A 12,146 m 2,547-hole auger drilling program was completed on the Bomboré permit between February and July 2011, including some fences along the boundary with the new Toéyoko permit. The program was undertaken on a line spacing of 200 m, with holes drilled at 25 m intervals to depths of up to 15 m but averaging 5 m. About 10% of the results are still pending, but significant anomalies warranting reverse circulation (RC) follow-up drilling have been identified in several areas. The best results are in the Maga-CFU area, along a structure on the western limit of the current P8P9 resources that could represent the northern extension of the 3.7 km long Siga W-Siga South shear zone, and in the southwestern corner of the Bomboré permit.
The auger drilling has confirmed the results of some soil geochemistry anomalies that were previously identified by other operators, and defined priority areas for RC drilling. This drilling will be completed concurrent with the planned resource expansion RC program in the areas that are accessible during the rainy season. The target adjacent to the Toéyoko permit will be drilled after the rainy season when the area will become accessible again. Full results of the auger drilling are expected in August. Additional auger drilling will be completed to determine whether gold mineralization extends onto the Toéyoko permit.
Pascal Marquis, SVP Exploration for Orezone, is a Qualified Person under National Instrument 43-101 and has approved the technical information in this release.
Orezone Expands Bombore Gold Project Area 60% With New Permit
New Permit Captures Possible Extension of Bombore Mineralization to Southwest
OTTAWA, ONTARIO--(Marketwire - Aug. 8, 2011) - Orezone Gold Corporation (TSX:ORE) is pleased to announce it has been granted exploration rights to an additional 63 km2 of prospective ground adjacent to its Bomboré gold project in Burkina Faso. The Toéyoko permit (see map: http://www.orezone.com/sites/default/files/Orezone%20Permits%20-%20Bombore%20%2B%20Toeyoko%20Permits%20%2B%20Soil%20Geochemistry.JPG) extends the project footprint to the south and southwest by 60%. The Bomboré resource model and mineralization currently spans a 14 km distance where regional gold-in-soil geochemistry and auger drilling results indicate there's potential for mineralization to extend from Bomboré onto the new Toéyoko permit.
"With recent drilling in the southern half of the Bomboré deposit delivering higher grades and better continuity, the Toéyoko permit is an attractive target for future exploration," said Ron Little, CEO of Orezone. "The auger drilling and gold-in-soil geochemical anomalies adjacent to the new permit are positive indications that what we are currently investigating on Bomboré could extend onto the Toéyoko permit."
A 12,146 m 2,547-hole auger drilling program was completed on the Bomboré permit between February and July 2011, including some fences along the boundary with the new Toéyoko permit. The program was undertaken on a line spacing of 200 m, with holes drilled at 25 m intervals to depths of up to 15 m but averaging 5 m. About 10% of the results are still pending, but significant anomalies warranting reverse circulation (RC) follow-up drilling have been identified in several areas. The best results are in the Maga-CFU area, along a structure on the western limit of the current P8P9 resources that could represent the northern extension of the 3.7 km long Siga W-Siga South shear zone, and in the southwestern corner of the Bomboré permit.
The auger drilling has confirmed the results of some soil geochemistry anomalies that were previously identified by other operators, and defined priority areas for RC drilling. This drilling will be completed concurrent with the planned resource expansion RC program in the areas that are accessible during the rainy season. The target adjacent to the Toéyoko permit will be drilled after the rainy season when the area will become accessible again. Full results of the auger drilling are expected in August. Additional auger drilling will be completed to determine whether gold mineralization extends onto the Toéyoko permit.
Pascal Marquis, SVP Exploration for Orezone, is a Qualified Person under National Instrument 43-101 and has approved the technical information in this release.
Kostolanys Erbe
RohstoffExperte
Ort:
Im schönsten Bundesland zwischen Nord- und Ostsee.
Beiträge:
11.152
Trades:
4
[url=http://peketec.de/trading/viewtopic.php?p=1118493#1118493 schrieb:
Markt ist völlig ausgebombt. Alle Angsthasen draussen... [url=http://peketec.de/trading/viewtopic.php?p=1118551#1118551 schrieb:Kostolanys Erbe schrieb am 08.08.2011, 20:48 Uhr[/url]"][url=http://peketec.de/trading/viewtopic.php?p=1118493#1118493 schrieb:
Ich trau dem Braten noch nicht. Der Dax ist völlig überverkauft. Die Wirtschaft ist erheblich stärker als die der USA! Hier werden nur Gelder der USA abgezogen!
Das Standbein ist der hoch innovative Mittelstand, der trotz Exportabhängigkeit wesentlich flexibler ist!
Das gibt es nirgendwo auf diesem Globus!!
