TSX Morning Top Trader; Petaquilla Minerals (TSX: PTQ) Spikes on Reports of Additional Reserves and Possible Inmet Mining Takeover

New York, New York - September 6, 2012 (Investorideas.com Newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on the top volume trader on the TSX for September 6th. Petaquilla Minerals Ltd. (TSX: PTQ.TO) leads the TSX as the top trading, currently at $0.55, up 0.20 or 57.14% as of 1:12PM EDT on over 19 Million shares.

The shares jumped following rumblings of Inmet Mining Corp. (IMN) proposed C$112 million takeover. The Company then followed with a statement “Inmet has not made a formal offer and no action is required by Petaquilla shareholders at this time.”
esterday the Company reported that a resource and reserve estimate has been completed by Behre Dolbear & Company (USA) Inc. ("Behre Dolbear") for the Botija Abajo deposit, associated with its Molejon gold operations. A summary of Behre Dolbear's report is shown below. A complete National Instrument 43-101 compliant report on the Botija Abajo mineral resource and reserve estimate will be filed on the System for Electronic Document Analysis and Retrieval (SEDAR) shortly.
Petaquilla Minerals is an established gold mining company that operates a producing gold mine in Panama. The 100 percent owned Molejon gold mine reached commercial production in January 2010 and currently operates at the rate of approximately 3,000 tonnes per day. http://www.petaquilla.com/
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