Investorideas.com newswire, commentary for mining sector

Friday, December 21, 2012

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Additional La Joya High Grade Intercepts 80m of 78.8 gpt Ag, 0.31 gpt Au, 0.5% Cu (137 gpt Ag Eq(i))

VANCOUVER, BRITISH COLUMBIA - December 21, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) (the "Company") is pleased to announce the results of an additional 15 holes (LJ DD12-90 to LJ DD12-104) of the Phase II drill program at its La Joya Property in Durango, Mexico. These are the final results for the Phase II drilling program. Phase II drilling results reported to date have extended the Main Mineralized Trend ("Trend") beyond the area containing the current Inferred Resource of 101.9 million ounces Ag Eq.* (see News releases dated March 20 and May 7, 2012 and attached Figures: http://media3.marketwire.com/docs/svl1221_F1-2.pdf). Drilling and surface sampling has extended the Trend to approximately 2.5 kilometres with an average width of approximately 700 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.

Eight of the 15 holes reported in the tables and text below continued to test the southern extension of the Trend with the remaining 7 holes focused on the delineation of the Coloradito and Santo Nino Targets (Targets). Silver values in this series of core holes along the Trend and Targets range from 1.9 gpt to 176.0 gpt. Silver equivalent based values range from 14.1 gpt to 411.5 gpt Ag Eq.* (0.41 oz/ton to 12.0 oz/ton Ag Eq.). Mineralized intervals range from 7.1 metres to 251.0 metres. True thicknesses of mineralized intercepts can be approximated from cross sections of previously announced drill holes in the respective areas. Intercepts in holes drilled at a 45� angle are at vertical depths considerably less than implied by the core length measurements making many of the intercepts near to surface. Intercepts in holes L J12- 92, 95, 98, 100, and 103, presented below, are examples of near surface, higher grade mineralization that will be considered as part of a potential starter pit. The most significant assay results for this series of holes are shown in the following tables:
Main Mineralized Trend (Ag, Au, Cu)
Investorideas.com Newswire Investorideas.com Newswire
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum, tin and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. All numbers are rounded. Silver Equivalent grades may be converted to ounces per ton by dividing the Ag Eq values by 34.285.
All sample analyses presented in this news release were completed by ALS Chemex in Zacatecas, Mexico and North Vancouver, BC, Canada. Holes L J DD12-90, 93, and 99 showed no significant mineralization.
Coloradito Target (W, Mo, Cu, Au, Ag)
Four additional holes were drilled on the near-surface portion of the Coloradito Target which is located approximately one kilometre west of the Trend. The Coloradito Target mineralization consists of skarning with stockwork veining and occurs adjacent to intrusive stock and dykes which are exposed at surface. Holes intercepting the Coloradito Target also contain anomalous Pb (lead), Zn (zinc), and Sn (tin).
Partial drilling of the Coloradito Target shows consistent intercepts of wide-spread tungsten (W03), molybdenum (Mo), gold (Au), and silver (Ag) mineralization from near surface to depths up to approximately 250 metres vertically. Drilling to date has identified an area of approximately 600 metre long, 200 metres wide and at least 250 metres deep starting at surface. A detail model of the Coloradito Target is being developed from drill data to provide a guide for further definition of this target which is considered a "potential large bulk tonnage tungsten-molybdenum target" and will be segregated as part of the next resource estimation. The summary of the resource revision is expected to be announced in the next several weeks with the subsequent NI 43-101 Technical Report to follow within 45 days.
Coloradito and Santo Nino Targets (W, Mo, Cu, Au, Ag)
Investorideas.com Newswire
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum, tin and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. All numbers are rounded. All sample analyses were completed by ALS Chemex in Zacatecas, Mexico and North Vancouver, BC, Canada.
Santo Nino Target (W, Mo, Cu, Au, Ag)
Holes L J DD12-97 and 99 were drilled to further test the Santo Nino Target approximately 1 kilometre east of the Trend''s eastern boundary. Hole 97 intercepted 27.2 metres of semi-massive sulphides grading 5.9 gpt Ag, 0.07 gpt Au, 0.48% Cu and 0.066% WO3. This hole encountered an extension of the massive sulphide mineralization (Santo Nino) reported in the discovery Hole L J DD12-74 which intercepted 35.2 metres grading 52.2 gpt Ag, 0.05 gpt Au, 1.6% Cu and 0.037% WO3. The mineralization is believed to be associated with a substantial east-west structure that cross cuts the width of the Trend mineralization to the west. Holes L J DD12-99 was located near the Santo Nino target but was off the target and intercepted no significant values.
The Phase II drill program was designed to test approximately 2.5 kilometres of the Trend which includes at least 8 near-vertical structures/stockwork zones, 14 near-horizontal, stacked mantos plus the Contact Zone which is adjacent to the underlying intrusive. Drilling on the southern extension of the Trend and Contact Zone has been completed and two of the three core drill rigs have been released. A reverse circulation drill is expected to commence drilling on exploratory targets in the area in January 2013. Based on Company surface mapping, sampling and historic drill hole results, the southern area is still believed to be potentially the highest grade area along the Trend. The Company is currently examining the potential for a potential near-surface, higher grade, low strip open pit as a conceptual "starter pit" that will be evaluated in a Preliminary Economic Assessment in 2013.
Phase III drill program has begun with core samples for holes L J DD12-105 to L J DD12-107 currently being logged, sampled or are in the laboratory for analyzes. This program has approximately 30 core holes and will include the 20 RVC holes uncompleted in Phase II. The next phase, planned for the first half of 2013, will further expand resources, in-fill higher grade defined areas, and test geophysical anomalies within the Company''s concessions. Several holes contain anomalous molybdenum, tungsten, tin, lead and zinc values over significant widths in the skarn. Extensive metallurgical test work is underway to examine the amenability and potential metallurgical recoveries of Ag, Au, Cu, W, Mo, Sn, Zn and Pb. Metallurgical test work results will be presented in the NI 43-101 Technical Report in early 2013.
The La Joya Deposit (Main Mineralized Trend) currently has estimated Inferred Resources of:
Investorideas.com Newswire
* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed.
** Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources.
*** Mineralization boundaries used in the interpretation of the geological model and resource estimates are based on cutoff grades of 15 gpt Ag Eq and 30 gpt Ag Eq using the metal price ratios described above.
Please refer to the January 4, 2012 news release and to the La Joya NI 43-101 Technical Report dated February 20, 2012 for further details of the Inferred Resource estimate.
The target size of the La Joya mineralization and the potential subsequent estimated resources based on the current geologic model, drilling and sampling from the Phase II 2012 program suggests the possibility of target resources that may be 50 to 100% greater than the current resources. This potential increase in quantity of resources is conceptual in nature and insufficient exploration has been completed to define with certainty a mineral resource of this size. It is uncertain that further exploration will result in the target being delineated as a mineral resource.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Monday, December 17, 2012

Investing in Junior Gold and Silver Mining Stocks; Q&A Interview with Andrew Portmann, Asset Manager and Director of THE TIMELESS PRECIOUS METAL FUND

New York, NY, Point Roberts, WA - December 17, 2012 (Investorideas.com Mining stocks newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors including mining stocks features an exclusive Q&A interview with Andrew Portmann, Asset Manager and Director of THE TIMELESS PRECIOUS METAL FUND.

Q: Investorideas.com
Your fund invests in the juniors in the mining sector, which differentiates it from many of the larger funds; can you tell investors why your fund has chosen to focus on this particular group of stocks?
A: Andrew Portmann, Asset Manager and Director
Our focus is directed to the juniors in the gold and silver mining sector. Peter Zihlmannn, who launched the fund in 2004, had prior to that date managed discretionary accounts in this sector. Consequently we have a wealth of knowledge and many years of experience. Therefore we know a huge range of people and projects in the junior precious mining space. This is a great advantage while filtering and analyzing the huge number of junior miners out there.
We believe that exploration companies making the transition to producers create the most value to investors. Now clearly the selection of companies is the most difficult task, knowing that many explorers never make it. It is here where our mentioned expertise helps us avoiding the black sheep in the industry.
We invest in junior miners all over the world. Having a Malta based investment fund allows us to buy attractive companies at any global stock exchange, being Australia, UK or Canada.
Q: Investorideas.com
Can you give investors some insight as to the performance of juniors in relationship to actual gold and silver prices and if you think this trend will continue? And in that light can you give examples of the performance of some of the companies in your fund?
A: Andrew Portmann, Asset Manager and Director
This year has not been great for investors in precious metals, nor the mining stocks. Generally speaking the miners have slightly underperformed bullion. Looking at the gold miners in more detail one sees huge variance in the stock performance. Companies with good progress, growth in resources, production and cash-flow have been rewarded. Good examples would be First Majestic Corp. and SilverCrest Mines ( TSX.V: SVL ) ( NYSE MKT: SVLC ) in the silver space and Beadell Resources and Rio Alto Mining in gold. All four companies have been successful in turning projects into production within a couple of years.
The underperformance of gold and silver mining equity in relation to metal prices since 2007 is substantial. The equity / gold ratio has never over the past 30 years been so low. Valuations of the junior gold and silver mines in regards to their resources and future production are – based on current precious metals prices – on a historical low level. Senior mining companies are increasingly looking at takeovers at these bargain prices. We are convinced that M&A activities will increase over the next couple of months. A recent example is the merger of Keegan Resources with PMI Gold or First Majestic buying Orko Silver.
Q: Investorideas.com
What are your thoughts on gold and silver prices moving into the New Year?
A: Andrew Portmann, Asset Manager and Director
The US fiscal cliff has been the dominating theme lately. The worry is that about $600 billion worth of tax and spending cuts will start hitting the US economy in 2013 and could send the US economy into recession. This issue will be solved, as we do not believe the new government and the president will allow the economy to slide back into recession. Gold will profit as well, as the Fed will support the financial markets, the government and the economy with ample liquidity. So, in the end it is the ongoing macro-economic issues supporting the gold and silver price. While the Fed, the ECB and the BOJ are gradually printing more and more money and devaluing their currencies, gold will appreciate. We have no doubt that silver will follow gold's path up.
In the wake of higher gold prices the mining stocks should outperform both global equity markets as well as gold bullion.
Q: Investorideas.com
Can you tell investors some of the top factors in your research/decision making process when evaluating a junior mining company?
A: Andrew Portmann, Asset Manager and Director
In the junior mining sector it is important to be a stock picker. For us this means looking very precisely at the project/s and the management of the company. Having a quality management team in place is the basis for a successful company. The question for us is, can they advance the project toward a mine and will they be able to raise the needed capital to get there? Juniors currently are having a very difficult time getting funding for exploration and early stage projects. Consequently selecting companies with sufficient cash in the bank is essential. Everyone will tell you: “Grade is king.” But as we can see from mines in Nevada this is only half of the truth. It is the relationship between grade, tons, depth and more that show us, if the metal can be extracted economically. We see ourselves as value investors, which mean we are looking for the best value available. If we believe a resource can be turned into production within four years and you pay $50 for ounce; well then this value proposition.
<Q: Investorideas.com
Typically what kind of investors is attracted to your fund and what are the process/criteria for an interested new investor?
<A: Andrew Portmann, Asset Manager and Director
We offer a product that invests in junior precious metals mining companies only. There are not too many around like us that can choose from the most promising juniors on global bases. Investors believe that the historical low valuations provide a good opportunity to invest in gold equities and that the junior offer superior return to junior companies in the next price move. Subscription of our Malta based SICAV fund can be done through your bank or directly, with no extra charge, at the fund's custodian bank. The fund offers weekly liquidity with no waiting period.
THE TIMELESS PRECIOUS METAL FUND (http://www.timeless-funds.com/en/timeless-precious-metal-invest-philosophy) invests in listed mining companies of medium or small market capitalisation which have to fulfill the following criteria:
  • Companies that are in production on the one hand, and have a high potential of substituting exhausted resource bases, and at the same time, of adding new reserves.
  • Companies that are set to go into production and that have considerable exploration prospects
  • Companies that concentrate on the exploration for precious metals in commodity rich regions that already have a substantial resource.
  • We consider the experience and integrity of the mining company's management as another important investment criterion.
We believe that medium sized mining companies offer more growth potential in the long-term than major mining companies as it is easier for them to grow their resource base.
Shares of medium sized mining companies are more volatile than big cap mining stocks and are best suited for long-term investors. We also believe that mining companies are extremely undervalued at this time in relation to gold and silver and that, for this very reason, they offer an outstanding capital gain potential.
<Andrew Portmann, Asset Manager and Director Bio and contact info
Director, domiciled in Zurich, Switzerland
Over 15 years of experience in the banking and finance industry. He holds a BBA and is a certified international investment analyst (CIIA). Before joining Peter Zihlmann he was co-manager of two precious metals hedge funds at Incentive
Asset Management.
Email contact: andrew.portmann@pzim.ch
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Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SVL is a showcase company on Investorideas.com http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Source Investorideas.com 800 665 0411

Wednesday, December 05, 2012

Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA - December 5, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) (the "Company") announces the grant of stock options to directors, officers, employees and consultants to purchase an aggregate of 1,760,000 common shares of the Company at an exercise price of $2.60 per share for a term of 5 years. One quarter of these options vest on the date of grant and a further one-quarter will vest every six months thereafter.

SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: SilverCrest Mines has compensated Investorideas.com for the distribution and publishing of this news release (annual news publication 9700) http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

Tuesday, December 04, 2012

Colombian Coal Stock Alert: VSUS Technologies (OTCQB:VSUT) Announces Retirement of Debt and Board Resignations

BOGOTA - December 4, 2012 (Investorideas.com Mining stocks newswire) VSUS Technologies Inc. (OTCQB: VSUT) ("VSUS" or the "Company") announced today it has retired significant company debt. The Company is also announcing the resignation of two officers.

Kyle Gotshalk and Cherish Adams have resigned as officers of VSUS Technologies Inc. Their resignations were part of a debt settlement agreement and not due to any disagreements or conflicts with the company or its management. VSUS Technologies has entered into a debt settlement agreement with Ararat LLC that will reduce the company's liabilities by approximately $ 500,000. The Company has also paid in full two convertible promissory notes with Asher Enterprises totaling approximately $ 80,000 in principal, interest, and premium. The Company still has a third note with Asher it intends to pay in full next month. The retirement of this debt not only significantly reduces company liabilities but also the expense associated with carrying that debt.
The two resigning directors have returned approximately 7.75 Million shares to the company which currently has 75,938,476 shares outstanding. According to our transfer agent, as of December 3, 2012, there are 20,713,000 shares with CEDE & Co., nominee for the Depository Trust Corporation (DTC).
"We have made considerable progress with our studies and land surveys in Colombia; we expect to submit both our environmental impact assessment and works program to the proper agencies in the coming weeks. We will begin to interview operators and execute land purchase agreements in the next quarter," commented John Campo, President.
VSUS Technologies is building a strong team of geologists and engineers on the ground in Colombia and will be adding new board members at the appropriate time. The company will be rebuilding their website in 10 languages to engage social media and showcase their projects and studies to interested investors around the world. The company will establish a new corporate identity committed to keeping investors more informed going forward.
Get News Alerts & Updates for VSUS Technologies, Inc. delivered directly to your Mobile Phone. Text VSUT to 54545 or visit http://vsus.mobi (News alerts are free; however standard message & data rates may apply. Check with your carrier for more details.)
About VSUS Technologies Inc.
VSUS Technologies is a growing company that is acquiring coal concessions in Colombia in order to satisfy the world market demand for coal. Once a concession is acquired and the necessary financing is obtained, the Company will begin all the required environmental and geological studies to get them into production as efficiently as possible. The Company plans to have three revenue producing business units in Colombia: coal mining, coking oven facilities, and docks and river transportation along the Magdalena River. For more information on our company visit our website at www.vsustechnologies.com
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. VSUS Technologies, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Company Contact:
VSUS Technologies Inc.
Mr. John Campo
President
(1)-410-236-8200 USA
(57) 318-657-0918 Colombia
jcampo@vsustechnologies.com
VSUS Colombia
Cra. 16 # 79-31 Suite 703a
Bogota, Colombia
www.vsustechnologies.com
Published at Investorideas.com newswire
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Investorideas.com was compensated five hundred for the publishing of this release . http://www.investorideas.com/About/Disclaimer.asp
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Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Updates Santa Elena Resource Infill and Expansion Drilling

VANCOUVER, BRITISH COLUMBIA - December 4, 2012 (Investorideas.com Mining Stocks Newswire) SilverCrest Mines Inc. (TSX.V:SVL) ( NYSE MKT: SVLC) (CW5.F) (the "Company") is pleased to announce results of further drilling at the Santa Elena Mine in Sonora, Mexico. Seventy nine holes of a planned 100 holes have been completed to re-categorize Indicated and Inferred Resources to Probable Reserves and expand current underground Resources (see attached Figures - http://media3.marketwire.com/docs/svl1204-F1-2.pdf). To date, this drill program has been successful and will assist with resource confirmation and conversion which will be included in the upcoming Pre-Feasibility Study for the Santa Elena Expansion Project.
Assay values in this series of holes range from 0.22 gpt to 4.92 gpt gold and 28.0 to 277.4 gpt silver. Mineralized intervals range from 1.0 metres to 38.9 metres. All mineralized drill intercepts are near true thicknesses. The most significant intercepts are 30.7 metres grading 1.61 gpt Au and 169.6 gpt Ag (Hole SE-12-54) and 16 metres grading 2.15 gpt Au and 166.9 gpt Ag (Hole SERC-12-36). The most significant assay results in this series of holes are shown in the following table;
Investorideas.com Newswire * Silver Equivalency based on a Ag:Au ratio of 50:1. All numbers are uncut and rounded.
** The SERC holes were drilled to intercept the Main Mineralized Zone utilizing reverse circulation drilling at the top of the hole and core through the mineralized interval.
All sample analyses were completed by ALS Chemex in Hermosillo, Mexico and North Vancouver, BC.

Assays are pending for Holes SE-12-49 and SE-12-53, in the above sequence. "GT" numbered holes are geotechnical holes that are being used for underground mine design for the Expansion Pre-Feasibility Study. Holes SERC-12-23, 25 and 26 had significant downhole deviations and were subsequently abandoned.
The Santa Elena deposit (Main Mineralized Zone) is open along strike and depth. Core holes SE-12-72 and SE-12-73 have been completed as part of a 15 hole program to test for the possible expansion of resources along strike to the east and to depth. Mineralized intercepts in these two holes are 5 to 10 metres wide with banded quartz and argentite mixed with breccia and disseminated argentite. These intercepts are approximately 100 to 150 metres beyond the boundary of current resource estimates. Approximately 13 additional holes are planned in this area as steps outs along strike and to depth. The Company is awaiting assay results for holes 72 and 73 to determine the extent of expansion potential.
Seventy nine holes totaling 25,512 metres of drilling have been completed to date in the underground resource conversion to reserves and resource expansion program. Results for the next series of holes will be released once compilation of results is complete. Three drills are currently on site to complete the program by the end of 2012. Revised Santa Elena Resources and Reserves, along with the results of Pre-Feasibility Study for the Expansion Plan are expected in Q1 2013.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1
Published at Investorideas.com Newswire
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

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