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Wednesday, April 25, 2012

Gold Stocks; Gold Bullion (TSX-V: GBB) Closes First Tranche of Private Placement

VANCOUVER - April 25, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce that it has closed the first tranche of a non-brokered private placement announced on April 13, 2012, by the issuance of 8,133,227 units at a price of $0.15 per unit to raise gross proceeds of $1,219,984.05. Each unit consists of one flow-through common share in the capital of the Company and one-half of a non-transferable share purchase warrant, each whole warrant entitling the holder to purchase one additional non-flow-through common share in the capital of the Company on or before April 23, 2013, at a purchase price of $0.175 per share.

In connection with certain subscriptions of the private placement, the Company paid finders' fees to Meadowbank Asset Management Inc. consisting of $87,998.72 in cash and non-transferable share purchase warrants to purchase 586,658 non-flow-through common shares in the capital of the Company, exercisable on or before April 23, 2013 at a purchase price of $0.175 per share. The cash commission was paid from unallocated working capital of Gold Bullion and not from the proceeds from the sale of the Units.
All securities issued by the Company pursuant to the private placement are subject to a hold period of four months and one day and cannot be resold until August 25, 2012.
Proceeds of the Private Placement will be used to incur expenditures on the Company's Granada Gold Mine which qualify as Canadian exploration expenses.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
For further information contact:
Frank J. Basa, P.Eng.
President and Chief Executive Officer
Progressive Investor Relations (Canada) at (604) 689-2881 or via email: info@progressive-ir.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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Thursday, April 19, 2012

Mining Stocks; YALE (TSX-V: YLL) and Overlord Finalize Orofino Option – Work to Commence Shortly

VANCOUVER, British Columbia - April 19, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that it has received $50,000 and 50,000 common shares from Overlord Capital Ltd. as the initial commitment for the recently finalized option of an up to 70% interest in Yale's wholly owned Orofino Property located in Sonora State, Mexico. The transaction is Overlord's "Qualifying Transaction". Yale will be the initial operator and will manage the exploration on the property.
Under the terms of the Option Agreement, Overlord may earn up to a 70% interest in the property by paying Yale $100,000 ($50,000 received), issue to Yale 1,300,000 shares in Overlord (50,000 received), and incur a total of $2,100,000 in exploration expenditures on the Property over a four year period.
The first year's requirement will be $200,000 in exploration expenditures followed by a further $400,000 in the following year, $750,000 in the third year and $750,000 in the final year of the Option Agreement. Subsequent share issuances of 500,000, 150,000, 350,000 and 250,000 shares on the first, second, third, and fourth year anniversaries will also be due in order to keep the Option Agreement in good standing.
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has eight projects in its portfolio of which four are optioned with commitments totalling approximately $1.0M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither 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.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
400 - 409 Granville St.,
Vancouver, BC, Canada V6C 1T2
News Release #12-4
Ian Foreman
604-678-2531
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Wednesday, April 11, 2012

Mining Stocks; YALE (TSX-V: YLL) Reports On AGM

VANCOUVER, British Columbia - April 11, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that all resolutions were passed at its Annual General Meeting held on April 10, 2012. The Board of Directors and management would like to thank all shareholders for their support and confidence.
"In these difficult markets it is reassuring to have the support of a core group of shareholders who understand that Yale's business model has shown considerable growth over last year and that we have the potential to significantly advance at least three of our projects in the coming 6 to 8 months with projected expenditures by our optionees to be approximately $1,000,000", stated Ian Foreman, P.Geo., president of Yale.
The Board of Directors and Officers for the upcoming year will consist of:
  • Ian Foreman, P.Geo. - President, Director and Audit Committee Member
  • Lindsay Bottomer, P.Geo - Director
  • David Hall - Director and Audit Committee Chair
  • Edmundo Uribe - Director and Audit Committee Member
  • Ezra Jimenez, LLM, MBA - Vice President - Operations and CFO
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither 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.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
400 - 409 Granville St.,
Vancouver, BC, Canada V6C 1T2
News Release #12-4
Ian Foreman
604-678-2531
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Gold Stocks; Gold Bullion Development Corp. (TSX-V: GBB) - Shareholder Gold Royalty Program

VANCOUVER - April 11, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to provide an update with respect to its proposed Shareholder Gold Royalty Program.
The Shareholder Gold Royalty is being developed so that Gold Bullion shareholders can participate in the security of gold ownership. The proposed Shareholder Gold Royalty is intended to allow Gold Bullion shareholders to receive a dividend payable in gold on a pro rata basis, based on the number of Gold Bullion shares held on the dividend record date. Shareholders who do not have a gold metal account or for other reason may not be able to receive the physical metal will be able to receive their dividend in Canadian dollars.
Gold Bullion intends to implement the Shareholder Gold Royalty if and when the Granada Gold Mine enters into production. The Shareholder Gold Royalty will be for the life of the Granada Gold Mine for all current resources, and for other resources that may be discovered through further exploration. Gold Bullion cannot guarantee that the Granada Gold Mine will enter into production or that the proposed Shareholder Gold Royalty will be implemented. The proposed Shareholder Gold Royalty replaces the Shareholder Gold Purchase Program outlined in Gold Bullion's news release dated June 4 th, 2008, and is part of Gold Bullion's forward-looking policy of ensuring shareholder value. Gold Bullion will inform shareholders of the details of the Shareholder Gold Royalty as the program is developed.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"
Frank J. Basa, P.Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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Disclosure, Disclaimer/ GBB is a paid advertising client on Investorideas.com and our mining portals.
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Monday, April 09, 2012

Mining Stock Investor Video: Company Update from Yale Resource (TSX.V: YLL) at the 2012 PDAC in Toronto

New York, NY - April 9, 2012 - (Investorideas.com Mining Newswire) - www.InvestorIdeas.com, a global investor research portal for independent investors, including gold and mining stocks issues a recent corporate update and video featuring Ian Foreman, P.Geo, .President of Yale Resources Ltd. (TSX-V - YLL, OTCBB - YRLLF, and FSE - YAB).
The Video features a Company update from Yale Resources at the 2012 PDAC in Toronto. President, Ian Foreman, P.Geo., is interviewed by Mike Niehuser of Beacon Rock Research at the PDAC . Ian expands upon what Yale is currently working on and expectations for the coming months.
Watch this video:
Mike Niehuser Inteviews Ian Foreman President of Yale Resources at the 2012 PDAC
More info onYale Resources Ltd. (TSX-V - YLL. OTCBB - YRLLF and Frankfurt - YAB)
Visit the Yale Profile on Investorideas.com
http://www.investorideas.com/CO/YLL/
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http://www.investorideas.com/ Resources/Newsletter.asp
About Yale Resources: (TSX-V - YLL, OTCBB - YRLLF, and FSE - YAB) (Pink Sheets: YRLLF)
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has eight projects in its portfolio of which six are optioned out with commitments totalling approximately $1.5 M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
Contact

Ian Foreman
info@yaleresources.com
www.yaleresources.com Investorideas.com Free Investor Tools;
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Coal Stocks Alert; TurkPower (OTCBB:TRKP) Reports Proposed Name Change to SibMet Coal Corporation

NEW YORK, NY - April 9, 2012 (Investorideas.com Mining stocks newswire) TurkPower Corporation (OTC.BB: TRKP) (the "Company") announced today that the Company plans to change its name to SibMet Coal Corporation. The name change reflects the Company's expanding focus on the booming metallurgical coking coal industry and the Company's projects in Siberia.
TurkPower recently announced the acquisition of the Zavyalov Square of the Toguchino Coal Field ("Zavyalov") located in the Toguchino District of Novosibirsk Region, Russia. Zavyalov decrees over 100 million tonnes of forecasted extractable quantity of coking coal. As part of the transaction the Company received inventory of coking coal worth in excess of $20 million, which the Company expects to sell in the second quarter of 2012.
The Company will inform about its revised business plan and forecasts, the status of the purchase of Zavyalov, additions to management and board of directors as well as the formation of its audit and compensation committees shortly.
About Zavyalov
The Zavyalov Square of the Toguchino Coal Field ("Zavyalov") located in the Toguchino District of Novosibirsk Region, Russia. Zavyalov decrees over 100M tonnes of forecasted extractable quantity of high-grade hard coking coal. Coal at Zavyalov is typically humic with relative low moisture (max 6%), volatile matters (avg. 20%) and GCV of 7990 - 8680 Kcal/kg. The grades of coal are fit for processing into metallurgical coking coal, which is in perpetual short supply and which trades at a high premium to "regular" coal.
About TurkPower Corporation
TurkPower Corporation (OTC.BB: TRKP.OB) is an American junior mining company in the process of acquiring 100% ownership of the Zavyalov Square of the Toguchino Coal Field, a privately owned coal field in Russia . TurkPower also owns a minority interest in an operational iron ore mine in Turkey . TurkPower is currently in the process of evaluating its options and defining its strategy regarding its asset in Turkey , and intends to inform its investors in the near future.
Forward-Looking Statements
Certain statements in this news release are forward-looking statements. Words such as "expects", "intends", "plans", "proposes", "may", "could", "should", "anticipates", "estimates", "likely", "possible", "potential", "believes" and words of similar import may identify forward-looking statements. Such statements are based on management's current expectations, estimates and projections about the companies' businesses, are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors beyond the control of either of the companies, including, but not limited to, the successful completion of the merger; the combined company's ability to raise the required additional capital to develop its mining assets and to identify other acquisition and/or joint venture opportunities in the mining sector, and to establish the technical and managerial infrastructure necessary to take advantage of, and successfully participate in, such opportunities; future economic conditions; demand for manganese and other minerals or metals the company may seek to extract; political stability; and changes in governmental regulations. Additional information on risks and other factors that may affect the business and financial results of TurkPower and the combined company can be found in filings of TurkPower with the U.S. Securities and Exchange Commission.
Contact:
TurkPower Corporation
100 Park Avenue
New York, New York 10017
T 212-984-0628
F 212-880-6499
Published at the Investorideas.com newswire
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Tuesday, April 03, 2012

Gold Stocks; Gold Bullion (TSX-V: GBB) Provides Mineral Resource Estimate for Granada

VANCOUVER - April 2, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to provide an independent NI 43-101 compliant gold mineral resource estimate on its Granada Gold Property, located along the prolific Cadillac trend in North-western Quebec, 5 km south of the city of Rouyn-Noranda.
Highlights include the following:
  • The in situ measured resource is 97,700 ounces (3.02 million tonnes grading 1.01 g/t), indicated resource is 543,400 ounces (17.04 million tonnes grading 0.99 g/t), inferred resource is 846,600 ounces gold (23.93 million tonnes grading 1.10 g/t Au) using a cut-off grade of 0.40g/t.
  • The selected base case in-pit measured resource is 95,300 ounces (2.9 million tonnes grading 1.02 g/t), indicated resource is 435,600 ounces (12.49 million tonnes grading 1.08 g/t), inferred resource is 135,600 ounces gold (3.4 million tonnes grading 1.24 g/t Au) using a cut-off grade of 0.40g/t based on a Whittle-optimized pit shell simulation using estimated operating costs, a gold price of CAN$1300 per ounce and a corresponding lower cut-off grade of 0.4 grams per tonne gold.
  • Remaining underground resources under the selected base case in-pit surface above a cut-off grade of 2.0 g/t is 273,200 ounces (2.32 million tonnes grading 3.66 g/t).
  • Previous small open pits have been taken into account and are starting surfaces of optimization while the historical production of 51,476 ounces (181,744 sT @ 0.28 oz/sT) from 1930 to 1935 are included in the resource statement (cannot physically remove from measured, indicated or inferred).
  • The mineralized system is still open at depth and laterally.
SGS Canada Inc, (SGS Geostat office of Blainville, Qu�bec, "SGS") are the independent resource estimate consultants for the Granada project who have authorized the release of the following estimates.
The table below summarizes the SGS Geostat block model estimates using variable cut-off grades:
Granada Gold Deposit In Situ Resource Estimates
Investorideas.com Newswire SGS also estimated an in-pit resource within a Whittle-optimized pit shell using a base case gold price of CAN$1300 per ounce. The table below summarizes the in-pit resources with the selected base case in Whittle optimizations:
Investorideas.com Newswire The in-pit estimate is based on a mining cost of CAN$2.00 per tonne and a processing cost of CAN$16.00 per tonne (including general fees and administration costs), assuming gravity cyanidation treatment of the mineralized material, giving base cost of CAN$29.30 per tonne including stripping. Other assumptions include 94.1% recovery of gold and pit wall slope angle of 45 degrees in the south footwall and 50 degrees in the north hanging wall.
Details on the parameters of the resource estimates are as follows:
  • The database used for Granada comprised a total of 57,803 metres of drilling obtained from the 2009-2010-2011 Gold Bullion Development Corporation drill programs, now 326 of the 404 holes drilled to date.
  • Most NQ assays reported by Gold Bullion were obtained by standard 50 g fire assaying-AA finish or gravimetric finish and another fraction by screen metallics at various laboratories ALS Chemex laboratories in Val d'Or, Quebec , Accurassay, Lab Expert and Swastika. As additional QA/QC, SGS Geostat has carried an extensive independent sampling program with total gold testing, pulp reassays from various laboratories in addition to half witness core complete re assay program in order to get confidence and enable preparation of a NI 43-101 compliant estimate of resources.
  • The SGS database made of Gold Bullion validated data also comprised a total of 57,689 assays.
  • The estimates were done using Inverse Distance Square (ID2) as the interpolation method based on 1.5 metre analytical composites.
  • Composites calculations are based on original samples value and were afterward capped at 20 g/t.
  • All estimates are based on a Parent Cell dimension of 5 metres E, 5 metres N and 5 metres height with search ellipsoid and estimation parameters determined for the mineralized zone geometry. The block model grid extends from UTM 646,200E to 647,650E and 5,337,600N to 5,338,850N from (350m) to -250m above sea level site surface elevation around 320m.
  • Geological interpretation for the deposit identified one main structurally-controlled mineralized domain including higher grades within the envelope hosted by conglomerates of the Timiskaming group. The estimation of the mineralized domain was done in 3 runs where the first required a minimum of 4 holes using a maximum of 3 composite per hole within a search ellipsoid of 50m by 30m by 5m dipping 47 degrees north, while the second run used a minimum of 3 holes within a search ellipsoid of 100m by 60m by 10m dipping 47 degrees north, and the last run one hole within the domain minimum 3 composites in a 150m by 100m by 15m dipping 47 degrees north.
  • For the classification 4 holes with 3 composites within a 30m by 20m by 5m ellipsoid for measured, 3 holes with 3 composites within a 60m by 40m by 10m ellipsoid for indicated, the rest being inferred.
  • Underground voids (shaft & drifts) were modeled from historical mine plans and adjusted according to positions of drill intersections in stopes and drifts. The stopes could not be placed in space with accuracy. Historical production from underground needs to be subtracted from the resource estimate.
  • Tonnage estimates are based on rock densities of 2.70 tonnes/cubic metre.
  • The resource estimates using the lower cut-off of 0.4 g/t Au is emphasized for reporting purposes as this is the in-pit cut-off estimated for the CAN$1300 Whittle shell, which represents the reasonable potential of economic extraction in SGS QP's opinion.
  • Additional details will be provided in the technical report to be issued within the next 45 days.
Mr. Claude Duplessis , Ing. of SGS is the Qualified Persons who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"
Frank J. Basa, P.Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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