VG Gold Corp.: Impressive Gold Grades Intersected at Paymaster West in Timmins, Ontario
TORONTO, ONTARIO-- 10/19/09 - VG Gold Corp., (TSX:VG )(Frankfurt:VN3 ), is pleased to announce that new core drilling from its Paymaster West Project in Timmins, Ontario has successfully intersected high-grade, near surface gold mineralization, including 1,390.0 grams of gold per tonne (gpt) over 0.9 meters (m), or 40.54 ounces of gold (opt) per ton over 3.0 feet (ft). VG Gold has the option to earn a 60% interest in Paymaster West Project from Goldcorp. The project is situated next to Goldcorp's Dome Mine, which has produced 17 million ounces of gold (Figures 1 & 4).
DRILL RESULT HIGHLIGHTS
----------------------------------------------------------------------------Hole Number Gold Grade Interval Gold Grade Interval---------------------------------------------------------------------------- (gpt) (m) (opt) (ft)----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-20 1,390.00 0.9 40.54 3.0----------------------------------------------------------------------------VGP-09-19 11.6 2.0 0.338 6.6----------------------------------------------------------------------------
These positive results followed the initial drill hole results released on September 8, 2009, which returned 41.67 gpt over 1.8 m (1.22 opt over 5.9 ft). Drilling at Paymaster has confirmed the presence of near surface, widespread gold mineralization hosted within altered Quartz Feldspar Porphyry, which is a favorable geological environment for the large gold deposits in Timmins.
The six drill holes reported in this release, shown in the table below, targeted gold mineralization between 150 m and 300 m (500 ft and 1000 ft) below surface (Figure 3).
Gold mineralization at the Paymaster West Project is hosted within strongly altered and well mineralized quartz feldspar porphyry. Alteration consists of pervasive ankerite and sericite alteration with local tourmaline, both disseminated and in veins. Pyrite mineralization is disseminated throughout, with local concentrations to 20%. Visible Gold (VG) was noted in hole VGP-09-20 (Figure 2).
Based on the successful drill results to date, VG Gold is planning to expand its current 6,000 meters (19,685 feet) drill program. Drilling will continue to target porphyry hosted high-grade mineralization located between 150 m and 300 m (500 ft and 1,000 ft) below surface (Figure 3). Two core drill rigs are currently operating at Paymaster.
PAYMASTER PROJECT HISTORICAL SUMMARY
The Paymaster West Property is located in the center of the historic Timmins mining camp (70 million ounces of gold produced). The property is adjacent to the Goldcorp owned Dome Mine, which has produced 17 million oz of gold to date. The mines in the Timmims Gold Camp have produced gold to depths exceeding 2,000 m (6,560 ft).
Production and exploration on the Paymaster West Project occurred between 1910 and 1928 to an approximate depth of 245 m (800 ft). During the 1940's and 1950's a series of core holes successfully intersected high-grade gold mineralization over good widths at depth. This drilling occurred at depths at 460 m (1,500 ft) and at 760 m (2,500 ft) below surface and demonstrated the excellent exploration potential of the Paymaster West Project. For historic drill results, please use the link: http://www.vggoldcorp.com/downloads/Drill_Hole_Table_Paymaster.pdf
VG GOLD.....WE ARE GOLD
QUALIFIED PERSON
All exploration work was conducted under Kenneth Guy, P. Geo., designated Qualified Person for VG Gold, who has reviewed this press release. Gold analysis of samples collected by VG Gold was assayed by ALS Chemex. Analysis consisted of a fire assay of a 30-gram sample with an atomic absorption finish. Samples assaying over 10.0 gram per tonne Au are re-assayed with gravimetric finish. Samples noted to contain visible gold are analyzed via total metallic assay method. A rigorous Quality Control and Assurance program (QA/QC) is in place, using control samples such as Blanks and duplicate checks. In addition, duplicate analyses of 10% of the samples are corroborated by check assays performed at a third party Laboratory.
To learn more about VG Gold (TSX:VG - News), visit our website: www.vggoldcorp.com.
----------------------------------------------------------------------------Hole # East North length length dip az from to width Au (ft) (m) (m) (m) (m) (gpt)----------------------------------------------------------------------------VGP-09-16 6181 9144 1355 413.0 -50 172 176.4 177.4 1.0 6.06 ---------------------------- 259.9 282.9 23.0 1.40 ---------------------------- 294.5 296.1 1.6 2.26 ----------------------------
----------------------------------------------------------------------------VGP-09-17 6181 9144 1169.6 356.5 -68 174 107.5 109.3 1.8 2.37----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-18 5997 9091 1000.7 305.0 -50 180 39.6 41.1 1.5 1.39 ---------------------------- 186.5 188.1 1.5 1.03 ---------------------------- 236.1 237.7 1.6 1.19 ---------------------------- 284.4 285.9 1.5 1.03----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-19 5997 9091 1335.3 407.0 -69 180 114.6 116.6 2.0 11.60 ---------------------------- 208.5 210.0 1.5 3.07 ---------------------------- 383.4 385.4 2.0 3.56----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-20 5797 8848 675.9 206.0 -50 165 41.5 42.4 0.9 1,390.00 ---------------------------- 155.0 156.5 1.5 1.66----------------------------------------------------------------------------
----------------------------------------------------------------------------VGP-09-21 5797 8848 764.4 233.0 -70 165 158.5 162.3 3.8 1.20 ---------------------------- 177.9 181.7 3.9 1.66----------------------------------------------------------------------------
----------------------------------------------------------------------------6 holes 1,920.5 m----------------------------------------------------------------------------
Notes: - Lengths reported are core intersection lengths and do not represent true widths. - It is anticipated that true width estimates will be made possible after additional drilling.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact: Contacts:VG Gold Corp.Tom MeredithPresident 416 368 0099
Source: VG Gold Corp.
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Monday, October 19, 2009
Barrick (NYSE:ABX)(TSX:ABX ) Completes Organization Review
Barrick (NYSE:ABX)(TSX:ABX ) Completes Organization Review
TORONTO, ONTARIO - 10/19/09- All amounts expressed in US dollars unless otherwise indicatedBarrick Gold Corporation (NYSE:ABX)(TSX:ABX ) announced today that it has completed an internal organization review and is making improvements to its organizational structure.
The purpose of this review was to ensure clear alignment within the company on key priorities, appropriate resources are in place to support these priorities and clarity around roles and responsibilities. An additional goal was to identify ways to simplify work practices and reduce our overall general and administrative (G & A) cost structure. An internal team of senior executives worked with colleagues throughout the company to determine their recommendations, without using outside consultants.
Many of the recommendations will result in changes in work practices and in particular improving the level of communication and coordination throughout the company. Areas of overlap have been identified and will be eliminated. More responsibility and accountability will be held by the regional business units. As a result, there will be a net reduction of about 80 positions, primarily in Toronto. These positions will be largely phased out over the next six months. A non-recurring charge of approximately $30 million will be split between the third and fourth quarters of this year. Corporate and regional pre-tax savings of at least $50 million are expected to be realized on an annualized basis once fully implemented.
"This organizational review was initiated to look for ways in which we could improve how we are managing the company and better position us to maximize the value of our asset base and secure growth opportunities. When these decisions are fully implemented, we expect to achieve significant savings and our decision making and execution capabilities will be meaningfully enhanced," said Aaron Regent, Barrick President and Chief Executive Officer. "Our review team did an excellent job and I have been impressed with the thoroughness and professionalism that they brought to this project."
Barrick Gold Corporation's vision is to become the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this Press Release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue', "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Certain of these factors are discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact: Contacts:INVESTOR CONTACT: Deni NicoskiVice President, Investor Relations(416) 307-7410Email: dnicoski@barrick.comMEDIA CONTACT: Vincent BorgExecutive Vice President, Corporate Communications(416) 307-7477Email: vborg@barrick.com
Source: Barrick Gold Corporation
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TORONTO, ONTARIO - 10/19/09- All amounts expressed in US dollars unless otherwise indicatedBarrick Gold Corporation (NYSE:ABX)(TSX:ABX ) announced today that it has completed an internal organization review and is making improvements to its organizational structure.
The purpose of this review was to ensure clear alignment within the company on key priorities, appropriate resources are in place to support these priorities and clarity around roles and responsibilities. An additional goal was to identify ways to simplify work practices and reduce our overall general and administrative (G & A) cost structure. An internal team of senior executives worked with colleagues throughout the company to determine their recommendations, without using outside consultants.
Many of the recommendations will result in changes in work practices and in particular improving the level of communication and coordination throughout the company. Areas of overlap have been identified and will be eliminated. More responsibility and accountability will be held by the regional business units. As a result, there will be a net reduction of about 80 positions, primarily in Toronto. These positions will be largely phased out over the next six months. A non-recurring charge of approximately $30 million will be split between the third and fourth quarters of this year. Corporate and regional pre-tax savings of at least $50 million are expected to be realized on an annualized basis once fully implemented.
"This organizational review was initiated to look for ways in which we could improve how we are managing the company and better position us to maximize the value of our asset base and secure growth opportunities. When these decisions are fully implemented, we expect to achieve significant savings and our decision making and execution capabilities will be meaningfully enhanced," said Aaron Regent, Barrick President and Chief Executive Officer. "Our review team did an excellent job and I have been impressed with the thoroughness and professionalism that they brought to this project."
Barrick Gold Corporation's vision is to become the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this Press Release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue', "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Certain of these factors are discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
Contact: Contacts:INVESTOR CONTACT: Deni NicoskiVice President, Investor Relations(416) 307-7410Email: dnicoski@barrick.comMEDIA CONTACT: Vincent BorgExecutive Vice President, Corporate Communications(416) 307-7477Email: vborg@barrick.com
Source: Barrick Gold Corporation
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Mining stock news - Commerce Resources Corp. Appoints Ian Graham to Board of Directors
Mining stock news - Commerce Resources Corp. Appoints Ian Graham to Board of Directors
October 19, 2009 - Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (the "Company" or "Commerce") is pleased to announce the appointment of Ian Graham to the Board of Directors. Mr. Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with the major mining companies Rio Tinto and Anglo American.
Formerly Chief Geologist with the Project Generation Group at Rio Tinto, Mr. Graham has been involved with evaluation and pre-development work on several projects in Canada and abroad including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution Copper (Arizona, USA), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Prior to his work with Rio Tinto, Ian held exploration geologist roles with Anglo American.
Mr. Graham is currently President of Discovery Harbour Resources Corp., a private company focused on identifying mining project opportunities that require both the raising of financial capital and management to move forward and succeed. Mr. Graham resides in Vancouver and is the former chair of the University of British Columbia's Mineral Deposit Research Unit.
David Hodge, President stated, "We are very excited and pleased to have attracted Mr. Graham to our team. He is a well-respected and experienced development geologist and has a track record of successfully moving projects through the exploration process on into production. He will be a key part of our team as we move the Blue River Project through the development process and continue to advance our Eldor Project."
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604.484.2700
For more information, contact Investor Relations:
Tel: 604.484.2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com
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 document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our property; that we may not complete environmental programs in a timely manner or at all; market prices for tantalum & niobium may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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October 19, 2009 - Commerce Resources Corp. (TSXv: CCE) (FSE: D7H) (the "Company" or "Commerce") is pleased to announce the appointment of Ian Graham to the Board of Directors. Mr. Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with the major mining companies Rio Tinto and Anglo American.
Formerly Chief Geologist with the Project Generation Group at Rio Tinto, Mr. Graham has been involved with evaluation and pre-development work on several projects in Canada and abroad including the Diavik Diamond Mine (Northwest Territories, Canada), Resolution Copper (Arizona, USA), Eagle Nickel (Michigan, USA), Lakeview Nickel (Minnesota, USA) and Bunder Diamonds (India). Prior to his work with Rio Tinto, Ian held exploration geologist roles with Anglo American.
Mr. Graham is currently President of Discovery Harbour Resources Corp., a private company focused on identifying mining project opportunities that require both the raising of financial capital and management to move forward and succeed. Mr. Graham resides in Vancouver and is the former chair of the University of British Columbia's Mineral Deposit Research Unit.
David Hodge, President stated, "We are very excited and pleased to have attracted Mr. Graham to our team. He is a well-respected and experienced development geologist and has a track record of successfully moving projects through the exploration process on into production. He will be a key part of our team as we move the Blue River Project through the development process and continue to advance our Eldor Project."
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604.484.2700
For more information, contact Investor Relations:
Tel: 604.484.2700
TF: 866.484.2700
Email: info@commerceresources.com
Web: http://www.commerceresources.com
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 document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our property; that we may not complete environmental programs in a timely manner or at all; market prices for tantalum & niobium may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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Sunday, October 18, 2009
Mining Stocks and Gold Stocks Directory for Investors, over 900 Mining Stocks to Review; Coming this week to Investor Ideas Members
Mining Stocks and Gold Stocks Directory for Investors, over 900 Mining Stocks to Review; Coming this week to Investor Ideas Members
POINT ROBERTS, WA and DELTA, BC – October 19, 2009, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com , www.MiningSectorStocks.com, provides investors following gold and mining stocks a preview of the new mining stocks directory, that currently has over 900 stocks in the full directory. The full directory will be made available to Investor Ideas members this week as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
The directory will also be sold separately in a PDF format for avid mining investors for a one time fee of $29.95.
The complete mining stocks directory is currently being updated and will be available by login and purchase this week at Investorideas.com.
Investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
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Abacus Mining & Exploration (TSX:AME.V) is a mineral exploration and development company with advanced-stage projects located in the prolific Afton Mining Camp near Kamloops, British Columbia (copper and gold).
Abcourt Mines (TSX:ABI.V; OTCPK:ABMBF) is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment has been purchased.
Aberdeen International (OTCPK:AABVF) is a publicly-traded global resource investment and merchant banking company focused on small cap companies in the Resource sector. We have a highly Experienced Management Team with a Global network to generate deal flow. Our Team has raised and financed over $1 Billion in the last five years in the Mining and Resource sector
Abitex Resources Inc. (TSX:ABE.V) is an exploration company based in Val d'Or, Quebec which has a diverse portfolio of uranium, gold and base metal exploration projects in Eastern Canada, three of which have historical resources. The Company is focused on advancing its uranium projects but is also evaluating new opportunities in order to enhance shareholder value
Acadian Mining Corporation (TSX:ADA.TO) is a Halifax, Nova Scotia, Canada based mining company that owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance, and is exploring and developing gold, zinc-lead, and barite properties in Atlantic Canada. Acadian holds a 29.18% interest in Royal Roads Corp. (TSX:RRO.V), which is actively exploring in Newfoundland and Labrador with a current focus on the historic Buchans Camp.
Acclaim Exploration NL (ASX:AEX.AX) is a publicly listed mineral exploration company based in Perth, Western Australia. Acclaim Exploration's primary focus is the Dalton Uranium / Gold Project in South Africa.
Acero-Martin Exploration Inc (TSX:ASD.V; Frankfurt:AMX.F) is a publicly held resource company based in Vancouver, Canada. The Company is listed on the Toronto Venture Exchange under the symbol ASD and the Frankfurt Exchange under the symbol AMX. Acero-Martin is rapidly building a leading gold and copper exploration company with a focus on Peru. The Company’s key project, Pinaya, is located approximately 775 kilometres southeast of the city of Lima. Pinaya, wholly owned by the Company, is one of Peru’s premier gold and copper exploration prospects.
Active Control Technology Inc. (TSX:ACT.V) is a mining services company specializing in advanced wireless productivity and safety systems. The company's MSHA-approved ActiveMine system provides two-way wireless voice communication, real-time tracking of personnel and assets, and high bandwidth data applications such as streaming video and operational data from mining machinery, over a robust wireless Wi-Fi network. Located in Burlington, Ontario, Canada, Active Control trades publicly on the TSX Venture Exchange under the symbol ACT.
Adamus Resources Limited (TSX:ADU.V; ASX:ADU.AX) is an exploration company, whose main focus is on realising the economic potential of the 90% owned Southern Ashanti Gold Project in Ghana, West Africa. The Project comprises a Greenfield development of open pit mining operations, a processing facility and associated infrastructure to mine and process ore from defined resources in concessions including Salman-Akanko and Anwia-Bokazo deposits. Current estimates show the Project to have a minimum life of 10 years and produce on average 100,000oz of gold per year.
Adanac Moly Corporation (TSX:AUA.TO; Frankfurt:A9N.F) is listed on the TSX and Frankfurt exchanges and owns the Ruby Creek Project in northern British Columbia. The Company has advanced the project through feasibility studies, a production decision and has previously ordered long-lead equipment, completed permitting for construction, constructed a road to the site and secured US$80 million in bridge financing
Adriana Resources Inc. (TSX:ADI.V) Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Quebec, Canada.
Adroit Resources Inc. (TSX:ADT.V) is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Central Italy and diamonds, precious and base metals in the Temagami and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects and oil and gas prospects to add to its expanding portfolio. The Company's issued and outstanding share capital is 51,834,037 common shares.
Afrasia Mineral Fields Inc (TSX:AFS-H.V) Afrasia is a publicly listed company actively seeking a project of merit.
Afri-Can Marine Minerals Corporation (TSX:AFA.V) is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. Afri-Can's creative and scientific approach targets large marine diamond deposits in unexplored prospective territories.
African Copper PLC (LSE:ACU.L) The Company's wholly-owned subsidiary Messina holds the Dukwe Project comprising exploration licence PL 33/2005, with an area of 139.6 km2, and within the exploration licence a mining licence 2006/53L of 32.7 km2 valid until end 2031 .To the north of PL 33/2005 an additional licence was applied for and awarded during 2008; this licence 180/2008 covers an area of 114.4 km2. The Dukwe Project with its associated licences encompasses the Mowana Mine and all current estimated mineral resources and reserves associated with the mine; together with north and south extensions of mineralization that lie outside of the Mowana Mine licence area. Open pit proven (10.82 million tonnes at 1% copper) and probable (3.98 million tonnes at 1.4% copper) reserves have been estimated for a total of 14.8 million tonnes grading 1.11 per cent. Copper. The Company's wholly-owned subsidiary Matsitama holds the Matsitama Project, which is comprised of the Matsitama Licences. In the Matsitama Project area African Copper holds five prospecting licences which are contiguous with the Mowana Mine deposit. All the licences are valid and contain prospective areas of mineralization.
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POINT ROBERTS, WA and DELTA, BC – October 19, 2009, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com , www.MiningSectorStocks.com, provides investors following gold and mining stocks a preview of the new mining stocks directory, that currently has over 900 stocks in the full directory. The full directory will be made available to Investor Ideas members this week as part of the annual membership that currently features an additional 8 stock directories and investor newsletter.
The directory will also be sold separately in a PDF format for avid mining investors for a one time fee of $29.95.
The complete mining stocks directory is currently being updated and will be available by login and purchase this week at Investorideas.com.
Investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
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Abacus Mining & Exploration (TSX:AME.V) is a mineral exploration and development company with advanced-stage projects located in the prolific Afton Mining Camp near Kamloops, British Columbia (copper and gold).
Abcourt Mines (TSX:ABI.V; OTCPK:ABMBF) is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment has been purchased.
Aberdeen International (OTCPK:AABVF) is a publicly-traded global resource investment and merchant banking company focused on small cap companies in the Resource sector. We have a highly Experienced Management Team with a Global network to generate deal flow. Our Team has raised and financed over $1 Billion in the last five years in the Mining and Resource sector
Abitex Resources Inc. (TSX:ABE.V) is an exploration company based in Val d'Or, Quebec which has a diverse portfolio of uranium, gold and base metal exploration projects in Eastern Canada, three of which have historical resources. The Company is focused on advancing its uranium projects but is also evaluating new opportunities in order to enhance shareholder value
Acadian Mining Corporation (TSX:ADA.TO) is a Halifax, Nova Scotia, Canada based mining company that owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance, and is exploring and developing gold, zinc-lead, and barite properties in Atlantic Canada. Acadian holds a 29.18% interest in Royal Roads Corp. (TSX:RRO.V), which is actively exploring in Newfoundland and Labrador with a current focus on the historic Buchans Camp.
Acclaim Exploration NL (ASX:AEX.AX) is a publicly listed mineral exploration company based in Perth, Western Australia. Acclaim Exploration's primary focus is the Dalton Uranium / Gold Project in South Africa.
Acero-Martin Exploration Inc (TSX:ASD.V; Frankfurt:AMX.F) is a publicly held resource company based in Vancouver, Canada. The Company is listed on the Toronto Venture Exchange under the symbol ASD and the Frankfurt Exchange under the symbol AMX. Acero-Martin is rapidly building a leading gold and copper exploration company with a focus on Peru. The Company’s key project, Pinaya, is located approximately 775 kilometres southeast of the city of Lima. Pinaya, wholly owned by the Company, is one of Peru’s premier gold and copper exploration prospects.
Active Control Technology Inc. (TSX:ACT.V) is a mining services company specializing in advanced wireless productivity and safety systems. The company's MSHA-approved ActiveMine system provides two-way wireless voice communication, real-time tracking of personnel and assets, and high bandwidth data applications such as streaming video and operational data from mining machinery, over a robust wireless Wi-Fi network. Located in Burlington, Ontario, Canada, Active Control trades publicly on the TSX Venture Exchange under the symbol ACT.
Adamus Resources Limited (TSX:ADU.V; ASX:ADU.AX) is an exploration company, whose main focus is on realising the economic potential of the 90% owned Southern Ashanti Gold Project in Ghana, West Africa. The Project comprises a Greenfield development of open pit mining operations, a processing facility and associated infrastructure to mine and process ore from defined resources in concessions including Salman-Akanko and Anwia-Bokazo deposits. Current estimates show the Project to have a minimum life of 10 years and produce on average 100,000oz of gold per year.
Adanac Moly Corporation (TSX:AUA.TO; Frankfurt:A9N.F) is listed on the TSX and Frankfurt exchanges and owns the Ruby Creek Project in northern British Columbia. The Company has advanced the project through feasibility studies, a production decision and has previously ordered long-lead equipment, completed permitting for construction, constructed a road to the site and secured US$80 million in bridge financing
Adriana Resources Inc. (TSX:ADI.V) Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Quebec, Canada.
Adroit Resources Inc. (TSX:ADT.V) is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Central Italy and diamonds, precious and base metals in the Temagami and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects and oil and gas prospects to add to its expanding portfolio. The Company's issued and outstanding share capital is 51,834,037 common shares.
Afrasia Mineral Fields Inc (TSX:AFS-H.V) Afrasia is a publicly listed company actively seeking a project of merit.
Afri-Can Marine Minerals Corporation (TSX:AFA.V) is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. Afri-Can's creative and scientific approach targets large marine diamond deposits in unexplored prospective territories.
African Copper PLC (LSE:ACU.L) The Company's wholly-owned subsidiary Messina holds the Dukwe Project comprising exploration licence PL 33/2005, with an area of 139.6 km2, and within the exploration licence a mining licence 2006/53L of 32.7 km2 valid until end 2031 .To the north of PL 33/2005 an additional licence was applied for and awarded during 2008; this licence 180/2008 covers an area of 114.4 km2. The Dukwe Project with its associated licences encompasses the Mowana Mine and all current estimated mineral resources and reserves associated with the mine; together with north and south extensions of mineralization that lie outside of the Mowana Mine licence area. Open pit proven (10.82 million tonnes at 1% copper) and probable (3.98 million tonnes at 1.4% copper) reserves have been estimated for a total of 14.8 million tonnes grading 1.11 per cent. Copper. The Company's wholly-owned subsidiary Matsitama holds the Matsitama Project, which is comprised of the Matsitama Licences. In the Matsitama Project area African Copper holds five prospecting licences which are contiguous with the Mowana Mine deposit. All the licences are valid and contain prospective areas of mineralization.
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Resource and energy investors: The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX. The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. Coming soon – mining stocks directory!
Disclaimer: 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. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
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Friday, October 16, 2009
Most recent gold news and gold stock news at Investorideas.com
Barrick (NYSE:ABX)(TSX:ABX) Completes Sale of $1.25 Billion of Debt Securities
October 16, 2009, 6:00:00 AM
TORONTO, ONTARIO - October 16, 2009 - Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) and its wholly-owned subsidiary, Barrick (PD) Australia Finance Pty Ltd
Kitcommentary from Kitco Metals Inc. - "Palladium? Yes, Vee Hev None."
October 16, 2009, 6:00:00 AM
A second day of falling prices in gold was brought to you courtesy of a strengthening dollar. Initial support at $1048 was once again breached early this morning, precipitated by a gain of - .026 in the USD on the index (now at 75.70) and a slip in crude oil (off 50 cents near $77.10 pbbl).
October 16, 2009, 6:00:00 AM
TORONTO, ONTARIO - October 16, 2009 - Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) and its wholly-owned subsidiary, Barrick (PD) Australia Finance Pty Ltd
Kitcommentary from Kitco Metals Inc. - "Palladium? Yes, Vee Hev None."
October 16, 2009, 6:00:00 AM
A second day of falling prices in gold was brought to you courtesy of a strengthening dollar. Initial support at $1048 was once again breached early this morning, precipitated by a gain of - .026 in the USD on the index (now at 75.70) and a slip in crude oil (off 50 cents near $77.10 pbbl).
Thursday, October 15, 2009
New Mining Stocks and Gold Stocks RSS News Feed at Investorideas.com
New Mining Stocks and Gold Stocks RSS News Feed at Investorideas.com
Publicly Traded Mining Companies can Publish News to Syndicated News Feed for Investors following mining stocks
POINT ROBERTS, WA and DELTA, BC – October 15, 2009, www.InvestorIdeas.com, and its mining stocks portals http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/, announce the new mining stocks RSS news feed for investors following news and developments in the sector. News and commentary from well known industry experts including Kitco and Doug Casey are featured in addition to news releases from publicly traded mining companies on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Gold & Mining Stocks News at Investorideas.com
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Mining Stocks Directory: Research mining stocks and gold stocks:
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Disclaimer: 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. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
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Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
Publicly Traded Mining Companies can Publish News to Syndicated News Feed for Investors following mining stocks
POINT ROBERTS, WA and DELTA, BC – October 15, 2009, www.InvestorIdeas.com, and its mining stocks portals http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/, announce the new mining stocks RSS news feed for investors following news and developments in the sector. News and commentary from well known industry experts including Kitco and Doug Casey are featured in addition to news releases from publicly traded mining companies on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Gold & Mining Stocks News at Investorideas.com
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Mining Stocks Directory: Research mining stocks and gold stocks:
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InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member- Get 8 stock directories and investor newsletter for just $99 year
Learn more: http://www.investorideas.com/membership/ Resource and energy investors: The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX. The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. Coming soon – mining stocks directory!
Disclaimer: 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. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
For more information contact:
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Wednesday, October 14, 2009
Gold stocks and mining stocks in top 10 investor searches
This weeks top 10 inbound investor searches at www.investorideas.com-
Visit our home page each Wednesday to see the top 10 list
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www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
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Visit our home page each Wednesday to see the top 10 list
1. Natural gas stocks
2. Natural gas news
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10. Homeland Security Stocks
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Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
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Become an Investorideas.com Member- Get 8 stock directories and investor newsletter for just $99 year
Learn more: http://www.investorideas.com/membership/ Resource and energy investors: The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX. The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE.
Tuesday, October 13, 2009
Gold Stock News- Exeter ( TSX-V:XRC) reports on 25 new drill holes at Cerro Moro
Exeter reports on 25 new drill holes at Cerro Moro
VANCOUVER, Oct. 13 - Exeter Resource Corporation (AMEX:XRA, TSX-V:XRC, Frankfurt: EXB ) is pleased to further report on progress from its in-fill drilling program on the high grade Escondida gold-silver vein at Cerro Moro in Santa Cruz Province, Argentina.
Results have been received from an additional 25 diamond drill holes from the Escondida West, Central, and Far West sectors. Of 21 drill holes returning significant results, 9 returned bonanza gold and silver grades, including drill hole MD601 with 4.36 metres ("m") (14.3 feet) at 177.5 grams per tonne ("g/t") (5.15 oz/ton) gold equivalent*. All bonanza grade holes are from the Far West and Central sectors and are displayed in the following table.
Selected bonanza drilling results using a 1 g/t gold equivalent*
cut-off grade:
-------------------------------------------------------------------------
Gold Gold
Drill Hole From To Width Gold Silver Equivalents* Equivalents*
(m) (m) (m) (g/t) (g/t) (g/t) (oz/ton)
-------------------------------------------------------------------------
MD582 23.00 24.00 1.00 8.3 61 9.3 0.27
-------------------------------------------------------------------------
and 32.00 33.88 1.88 108.3 1,171 127.8 3.71
-------------------------------------------------------------------------
including 32.50 33.10 0.60 333.8 3,306 388.9 11.28
-------------------------------------------------------------------------
MD584 20.50 25.18 4.68 34.4 1,251 55.3 1.60
-------------------------------------------------------------------------
including 23.88 24.88 1.00 156.5 5,255 244.1 7.08
-------------------------------------------------------------------------
MD589 37.91 44.52 6.61 88.0 3,483 146.0 4.23
-------------------------------------------------------------------------
including 40.10 42.13 2.03 239.7 7,805 369.8 10.72
-------------------------------------------------------------------------
and 41.00 41.60 0.60 521.6 14,068 756.1 21.93
-------------------------------------------------------------------------
MD592 163.00 170.40 7.40 5.9 380 12.2 0.35
-------------------------------------------------------------------------
including 168.79 169.70 0.91 40.4 2,452 81.3 2.36
-------------------------------------------------------------------------
MD596 124.88 128.00 3.12 43.1 2,948 92.3 2.68
-------------------------------------------------------------------------
including 126.50 127.34 0.84 150.8 10,125 319.6 9.27
-------------------------------------------------------------------------
including 96.25 97.12 0.87 54.5 3,300 109.5 3.18
-------------------------------------------------------------------------
MD598 91.92 94.77 2.85 38.7 3,493 97.0 2.81
-------------------------------------------------------------------------
including 91.92 92.38 0.46 81.7 9,537 240.7 6.98
-------------------------------------------------------------------------
MD601 126.00 130.36 4.36 86.3 5,473 177.5 5.15
-------------------------------------------------------------------------
including 128.00 128.48 0.48 158.5 4,586 234.9 6.81
-------------------------------------------------------------------------
and 128.78 129.25 0.47 433.4 29,451 924.3 26.80
-------------------------------------------------------------------------
MD605 128.62 129.50 0.88 6.3 92 7.8 0.23
-------------------------------------------------------------------------
including 128.62 129.00 0.38 13.7 178 16.7 0.48
-------------------------------------------------------------------------
and 156.12 159.00 2.88 27.1 1,077 45.1 1.31
-------------------------------------------------------------------------
including 156.12 156.45 0.33 88.0 3,397 144.6 4.19
-------------------------------------------------------------------------
and 156.85 157.20 0.35 87.0 3,052 137.9 4.00
-------------------------------------------------------------------------
MD607 103.30 109.15 5.85 31.9 2,520 73.9 2.14
-------------------------------------------------------------------------
including 107.53 107.83 0.30 107.2 7,637 234.5 6.80
-------------------------------------------------------------------------
and 108.50 108.81 0.31 177.3 18,660 488.3 14.16
-------------------------------------------------------------------------
* Gold equivalent grade is calculated by dividing the silver assay
result by 60, adding it to the gold value and assuming 100%
metallurgical recovery.
Click Here for the Table Showing all 21 Significant Holes:
http://www.exeterresource.com/images/gallery/plans/Table_86.pdf
The remaining 4 diamond drill holes returned narrow and/or low grade intersections. All 25 drill holes are represented on the following long sections and plans.
Click Here for the Diagrams Showing the Sections and Plans:
http://www.exeterresource.com/images/gallery/plans/plans_87.pdf
An additional 27 infill diamond drill holes have been drilled at the Escondida Far West sector. These holes bring the total Escondida infill drilling program to 165 diamond drill holes for marginally over 15,000 m of core (as at the end of September).
Exeter Chairman, Yale Simpson stated "The Far West zone defines the western portion of the previously announced NI43-101 compliant inferred resource on the Escondida vein. Diamond drilling is currently in progress immediately to the west on the Escondida-Fomicruz property. Exeter is earning an 80% interest in the property in a joint venture with Fomento Minera de Santa Cruz Sociedad del Estado the provincial mining company owned by the government of Santa Cruz Province.
"Since its news release dated September 22, 2009, Exeter has completed 6 diamond drill holes at Escondida-Fomicruz. Exeter decided to start systematic diamond drilling on the property based on our interpretation that the "boiling zone" within which gold-silver precipitates, would be immediately below drill hole MRC600. Results will be announced later in October."
Progress on the Escondida-Fomicruz Property
Eight diamond and eleven reverse circulation drill holes have been completed to date for 3,180 m. Should assay data confirm preliminary geological interpretations, diamond drilling will continue to "drill off" the new zone.
Quality Control and Assurance
Drill widths presented above are drill intersection widths and may not represent the true widths of mineralization.
Gold assay results presented above are preliminary and have been calculated using a 1.0 g/t gold equivalent cut-off grade, with no cutting of high grades. All diamond drill core samples are split on regular metre intervals or on geological contacts and represent sawn half HQ-size core. Samples were prepared at the Acme Analytical Laboratories ("AcmeLabs") preparation facility in Mendoza, Argentina and assayed by fire assay (50 gram charge) at the AcmeLabs laboratory in Chile, both ISO-9001:2000 certified laboratories.
Check assaying of all samples assaying greater than 1.0 g/t gold is completed by AcmeLabs. Samples returning greater than 10 g/t gold and/or greater than 100 g/t silver are assayed using gravimetric analyses. Standard and blank samples are used throughout the sample sequence as checks for the diamond drilling reported in this release. Standard, blank and duplicate samples are used throughout the sample sequence as checks for the RC percussion drilling.
Assaying by the screen fire assay method has been implemented in conjunction with standard 50 gram fire assaying, for diamond drill cores that contain visible gold. The procedure for screen fire assaying involves crushing and sieving of a nominal 1,000 gram sample to a particle size of 100 microns. All material which does not pass through the 100 micron sieve is then assayed. Two fire assays are undertaken on the undersize material as a check on homogeneity. The total gold content is then calculated.
Matthew Williams, Exeter's Exploration Manager and a "qualified person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has supervised the preparation of the technical information contained in this news release.
About Exeter
Exeter Resource Corporation is a Canadian mineral exploration company focused on the discovery and development of gold and silver properties in South America. The Company has C$30 million in its treasury.
On the Caspiche Project in Chile, Exeter recently announced an inferred mineral resource estimate of 1,117 Mt (million metric tons) at a grade of 0.55 g/t gold (grams per metric ton) and 1,017 Mt at a grade of 0.22% copper. This equates to in-situ inferred resources of 19.6 million ounces of gold and 4.84 billion pounds of copper. Drilling to expand and upgrade the resource estimate is scheduled to commence in October 2009. (See news release dated September 14, 2009)
On the Cerro Moro Project in Argentina, Exeter recently announced an initial inferred mineral resource estimate of 646,000 ounces gold equivalent** at a grade of 18 g/t gold equivalent**. Exeter has drilled 165 infill holes on the Escondida vein structure to upgrade the inferred resource to an indicated resource category. This area will be given priority in the scheduled 2010 scoping study. Drilling will continue through 2009, as will engineering, environmental and infrastructure studies.
No site work is planned on the Don Sixto gold-silver project in Argentina over the next quarter. The Company will continue to work with provincial authorities and with representatives of other mining companies, to effect amendment to the 2007 legislation that banned the use of cyanide in mining operations in Mendoza Province.
** Inferred mineral resource estimate of 1,098,000 metric tons
containing 371,000 ounces gold at a grade of 10.5 g/t and
19.2 million ounces silver at a grade of 545 g/t for 646,000 ounces
gold equivalent at a grade of 18 g/t gold equivalent. Gold
equivalent is calculated by dividing the silver assay result by 70,
adding it to the gold value and assuming 100% metallurgical recovery
(see news release NR 9-14 dated July 8, 2009).
You are invited to visit the Exeter web site at www.exeterresource.com. To view the video version of this press release along with many others click here "Watch Video News": http://www.youtube.com/ExeterResourceCorp
EXETER RESOURCE CORPORATION
Bryce Roxburgh
President and CEO
Safe Harbour Statement - This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the Company's belief as to the extent and timing of its drilling programs, various studies including engineering, environmental, infrastructure and other studies, and exploration results, budgets for its exploration programs, the potential tonnage, grades and content of deposits, timing, establishment and extent of resources estimates, potential for financing its activities, potential production from and viability of its properties and expected cash reserves. These forward-looking statements are made as of the date of this news release. Users of forward-looking statements are cautioned that actual results may vary from the forward-looking statements contained herein. While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee of the Company's future performance and are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors and assumptions include, amongst others, the effects of general economic conditions, the price of gold, silver and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgements in the course of preparing forward-looking information. In addition, there are also known and unknown risk factors which could cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters of the Company with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the Company's common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties, including those described in the Company's Annual Information Form for the financial year ended December 31, 2008, dated March 27, 2009 filed with the Canadian Securities Administrators and available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
SOURCE Exeter Resource Corporation
About our Mining Portals:
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VANCOUVER, Oct. 13 - Exeter Resource Corporation (AMEX:XRA, TSX-V:XRC, Frankfurt: EXB ) is pleased to further report on progress from its in-fill drilling program on the high grade Escondida gold-silver vein at Cerro Moro in Santa Cruz Province, Argentina.
Results have been received from an additional 25 diamond drill holes from the Escondida West, Central, and Far West sectors. Of 21 drill holes returning significant results, 9 returned bonanza gold and silver grades, including drill hole MD601 with 4.36 metres ("m") (14.3 feet) at 177.5 grams per tonne ("g/t") (5.15 oz/ton) gold equivalent*. All bonanza grade holes are from the Far West and Central sectors and are displayed in the following table.
Selected bonanza drilling results using a 1 g/t gold equivalent*
cut-off grade:
-------------------------------------------------------------------------
Gold Gold
Drill Hole From To Width Gold Silver Equivalents* Equivalents*
(m) (m) (m) (g/t) (g/t) (g/t) (oz/ton)
-------------------------------------------------------------------------
MD582 23.00 24.00 1.00 8.3 61 9.3 0.27
-------------------------------------------------------------------------
and 32.00 33.88 1.88 108.3 1,171 127.8 3.71
-------------------------------------------------------------------------
including 32.50 33.10 0.60 333.8 3,306 388.9 11.28
-------------------------------------------------------------------------
MD584 20.50 25.18 4.68 34.4 1,251 55.3 1.60
-------------------------------------------------------------------------
including 23.88 24.88 1.00 156.5 5,255 244.1 7.08
-------------------------------------------------------------------------
MD589 37.91 44.52 6.61 88.0 3,483 146.0 4.23
-------------------------------------------------------------------------
including 40.10 42.13 2.03 239.7 7,805 369.8 10.72
-------------------------------------------------------------------------
and 41.00 41.60 0.60 521.6 14,068 756.1 21.93
-------------------------------------------------------------------------
MD592 163.00 170.40 7.40 5.9 380 12.2 0.35
-------------------------------------------------------------------------
including 168.79 169.70 0.91 40.4 2,452 81.3 2.36
-------------------------------------------------------------------------
MD596 124.88 128.00 3.12 43.1 2,948 92.3 2.68
-------------------------------------------------------------------------
including 126.50 127.34 0.84 150.8 10,125 319.6 9.27
-------------------------------------------------------------------------
including 96.25 97.12 0.87 54.5 3,300 109.5 3.18
-------------------------------------------------------------------------
MD598 91.92 94.77 2.85 38.7 3,493 97.0 2.81
-------------------------------------------------------------------------
including 91.92 92.38 0.46 81.7 9,537 240.7 6.98
-------------------------------------------------------------------------
MD601 126.00 130.36 4.36 86.3 5,473 177.5 5.15
-------------------------------------------------------------------------
including 128.00 128.48 0.48 158.5 4,586 234.9 6.81
-------------------------------------------------------------------------
and 128.78 129.25 0.47 433.4 29,451 924.3 26.80
-------------------------------------------------------------------------
MD605 128.62 129.50 0.88 6.3 92 7.8 0.23
-------------------------------------------------------------------------
including 128.62 129.00 0.38 13.7 178 16.7 0.48
-------------------------------------------------------------------------
and 156.12 159.00 2.88 27.1 1,077 45.1 1.31
-------------------------------------------------------------------------
including 156.12 156.45 0.33 88.0 3,397 144.6 4.19
-------------------------------------------------------------------------
and 156.85 157.20 0.35 87.0 3,052 137.9 4.00
-------------------------------------------------------------------------
MD607 103.30 109.15 5.85 31.9 2,520 73.9 2.14
-------------------------------------------------------------------------
including 107.53 107.83 0.30 107.2 7,637 234.5 6.80
-------------------------------------------------------------------------
and 108.50 108.81 0.31 177.3 18,660 488.3 14.16
-------------------------------------------------------------------------
* Gold equivalent grade is calculated by dividing the silver assay
result by 60, adding it to the gold value and assuming 100%
metallurgical recovery.
Click Here for the Table Showing all 21 Significant Holes:
http://www.exeterresource.com/images/gallery/plans/Table_86.pdf
The remaining 4 diamond drill holes returned narrow and/or low grade intersections. All 25 drill holes are represented on the following long sections and plans.
Click Here for the Diagrams Showing the Sections and Plans:
http://www.exeterresource.com/images/gallery/plans/plans_87.pdf
An additional 27 infill diamond drill holes have been drilled at the Escondida Far West sector. These holes bring the total Escondida infill drilling program to 165 diamond drill holes for marginally over 15,000 m of core (as at the end of September).
Exeter Chairman, Yale Simpson stated "The Far West zone defines the western portion of the previously announced NI43-101 compliant inferred resource on the Escondida vein. Diamond drilling is currently in progress immediately to the west on the Escondida-Fomicruz property. Exeter is earning an 80% interest in the property in a joint venture with Fomento Minera de Santa Cruz Sociedad del Estado the provincial mining company owned by the government of Santa Cruz Province.
"Since its news release dated September 22, 2009, Exeter has completed 6 diamond drill holes at Escondida-Fomicruz. Exeter decided to start systematic diamond drilling on the property based on our interpretation that the "boiling zone" within which gold-silver precipitates, would be immediately below drill hole MRC600. Results will be announced later in October."
Progress on the Escondida-Fomicruz Property
Eight diamond and eleven reverse circulation drill holes have been completed to date for 3,180 m. Should assay data confirm preliminary geological interpretations, diamond drilling will continue to "drill off" the new zone.
Quality Control and Assurance
Drill widths presented above are drill intersection widths and may not represent the true widths of mineralization.
Gold assay results presented above are preliminary and have been calculated using a 1.0 g/t gold equivalent cut-off grade, with no cutting of high grades. All diamond drill core samples are split on regular metre intervals or on geological contacts and represent sawn half HQ-size core. Samples were prepared at the Acme Analytical Laboratories ("AcmeLabs") preparation facility in Mendoza, Argentina and assayed by fire assay (50 gram charge) at the AcmeLabs laboratory in Chile, both ISO-9001:2000 certified laboratories.
Check assaying of all samples assaying greater than 1.0 g/t gold is completed by AcmeLabs. Samples returning greater than 10 g/t gold and/or greater than 100 g/t silver are assayed using gravimetric analyses. Standard and blank samples are used throughout the sample sequence as checks for the diamond drilling reported in this release. Standard, blank and duplicate samples are used throughout the sample sequence as checks for the RC percussion drilling.
Assaying by the screen fire assay method has been implemented in conjunction with standard 50 gram fire assaying, for diamond drill cores that contain visible gold. The procedure for screen fire assaying involves crushing and sieving of a nominal 1,000 gram sample to a particle size of 100 microns. All material which does not pass through the 100 micron sieve is then assayed. Two fire assays are undertaken on the undersize material as a check on homogeneity. The total gold content is then calculated.
Matthew Williams, Exeter's Exploration Manager and a "qualified person" within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has supervised the preparation of the technical information contained in this news release.
About Exeter
Exeter Resource Corporation is a Canadian mineral exploration company focused on the discovery and development of gold and silver properties in South America. The Company has C$30 million in its treasury.
On the Caspiche Project in Chile, Exeter recently announced an inferred mineral resource estimate of 1,117 Mt (million metric tons) at a grade of 0.55 g/t gold (grams per metric ton) and 1,017 Mt at a grade of 0.22% copper. This equates to in-situ inferred resources of 19.6 million ounces of gold and 4.84 billion pounds of copper. Drilling to expand and upgrade the resource estimate is scheduled to commence in October 2009. (See news release dated September 14, 2009)
On the Cerro Moro Project in Argentina, Exeter recently announced an initial inferred mineral resource estimate of 646,000 ounces gold equivalent** at a grade of 18 g/t gold equivalent**. Exeter has drilled 165 infill holes on the Escondida vein structure to upgrade the inferred resource to an indicated resource category. This area will be given priority in the scheduled 2010 scoping study. Drilling will continue through 2009, as will engineering, environmental and infrastructure studies.
No site work is planned on the Don Sixto gold-silver project in Argentina over the next quarter. The Company will continue to work with provincial authorities and with representatives of other mining companies, to effect amendment to the 2007 legislation that banned the use of cyanide in mining operations in Mendoza Province.
** Inferred mineral resource estimate of 1,098,000 metric tons
containing 371,000 ounces gold at a grade of 10.5 g/t and
19.2 million ounces silver at a grade of 545 g/t for 646,000 ounces
gold equivalent at a grade of 18 g/t gold equivalent. Gold
equivalent is calculated by dividing the silver assay result by 70,
adding it to the gold value and assuming 100% metallurgical recovery
(see news release NR 9-14 dated July 8, 2009).
You are invited to visit the Exeter web site at www.exeterresource.com. To view the video version of this press release along with many others click here "Watch Video News": http://www.youtube.com/ExeterResourceCorp
EXETER RESOURCE CORPORATION
Bryce Roxburgh
President and CEO
Safe Harbour Statement - This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the Company's belief as to the extent and timing of its drilling programs, various studies including engineering, environmental, infrastructure and other studies, and exploration results, budgets for its exploration programs, the potential tonnage, grades and content of deposits, timing, establishment and extent of resources estimates, potential for financing its activities, potential production from and viability of its properties and expected cash reserves. These forward-looking statements are made as of the date of this news release. Users of forward-looking statements are cautioned that actual results may vary from the forward-looking statements contained herein. While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee of the Company's future performance and are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors and assumptions include, amongst others, the effects of general economic conditions, the price of gold, silver and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgements in the course of preparing forward-looking information. In addition, there are also known and unknown risk factors which could cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters of the Company with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the Company's common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties, including those described in the Company's Annual Information Form for the financial year ended December 31, 2008, dated March 27, 2009 filed with the Canadian Securities Administrators and available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
SOURCE Exeter Resource Corporation
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
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Wednesday, October 07, 2009
Gold Stocks and Mining Stocks Enter Top 10 Searches as Gold Reaches New Highs
Investorideas.com Top 10 Investor Searches : Natural Gas Stocks, Renewable Energy Stocks, Water Stocks, Gold Stocks
Gold Stocks and Mining Stocks Enter Top 10 Searches as Gold Reaches New Highs
POINT ROBERTS, Wash., Delta, B.C.–October 7, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors. Natural Gas Stocks, Renewable Energy Stocks, Water Stocks, Gold Stocks and Gold Mining Stocks were some of the top inbound investor search phrases this week.
Gold stocks and gold mining stocks entered the top 10 as investors searched for investment opportunities as gold traded at new highs .
Investorideas.com attracts a daily global audience averaging 12,000- 15,000 visitors a day, using the site’s investor educational and research tools to research leading sectors.
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated each Wednesday for investors to review.
1. Natural gas stocks - Visit the Natural Gas Stocks Directory: Research Natural Gas stocks
2. Renewable energy stocks – Visit the Renewable Energy Stocks Directory- Research Green Stocks
3. Natural gas news
4. Water stocks – Visit the Water Stocks Directory- Research Water Stocks
5. Gold stocks – Visit the stocks Mining Stocks Directory – Research global mining stocks on TSX, ASX, OTC, NASDAQ and more
6. Natural gas producers
7. Stock market - India
8. Gold mining stocks
9. Natural gas companies
10. Renewable energy companies
See our complete list of stock directories by sector at Investor Ideas and research stocks in each sector.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
-Public companies please contact us with updates, corrections and additions
Energy Investors and Traders:
The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX.
Green Energy investors can also research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Investorideas.com Members- access to our best stock directories in leading sectors: renewable energy stocks, water stocks, fuel cell stocks, natural gas stocks, defense stocks, biotech stocks and coming soon – oil and gas stocks .
As an added bonus, members can access the Insiders Corner by Michael Brush.
“The Insiders Corner “http://www.investorideas.com/insiderscorner/ By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Join Today – Become an Investor Ideas Member
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Investor Ideas is a global financial media online destination specialized in sector investing content. Investor Ideas (and portals within the hub) was one of the first online investing and business resources providing in-depth information, news and stock directories in renewable energy, homeland security and water sectors. InvestorIdeas.com features over twenty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
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Source – Investorideas.com
Gold Stocks and Mining Stocks Enter Top 10 Searches as Gold Reaches New Highs
POINT ROBERTS, Wash., Delta, B.C.–October 7, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors. Natural Gas Stocks, Renewable Energy Stocks, Water Stocks, Gold Stocks and Gold Mining Stocks were some of the top inbound investor search phrases this week.
Gold stocks and gold mining stocks entered the top 10 as investors searched for investment opportunities as gold traded at new highs .
Investorideas.com attracts a daily global audience averaging 12,000- 15,000 visitors a day, using the site’s investor educational and research tools to research leading sectors.
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated each Wednesday for investors to review.
1. Natural gas stocks - Visit the Natural Gas Stocks Directory: Research Natural Gas stocks
2. Renewable energy stocks – Visit the Renewable Energy Stocks Directory- Research Green Stocks
3. Natural gas news
4. Water stocks – Visit the Water Stocks Directory- Research Water Stocks
5. Gold stocks – Visit the stocks Mining Stocks Directory – Research global mining stocks on TSX, ASX, OTC, NASDAQ and more
6. Natural gas producers
7. Stock market - India
8. Gold mining stocks
9. Natural gas companies
10. Renewable energy companies
See our complete list of stock directories by sector at Investor Ideas and research stocks in each sector.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
-Public companies please contact us with updates, corrections and additions
Energy Investors and Traders:
The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX.
Green Energy investors can also research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Investorideas.com Members- access to our best stock directories in leading sectors: renewable energy stocks, water stocks, fuel cell stocks, natural gas stocks, defense stocks, biotech stocks and coming soon – oil and gas stocks .
As an added bonus, members can access the Insiders Corner by Michael Brush.
“The Insiders Corner “http://www.investorideas.com/insiderscorner/ By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Join Today – Become an Investor Ideas Member
About InvestorIdeas.com:
Investor Ideas is a global financial media online destination specialized in sector investing content. Investor Ideas (and portals within the hub) was one of the first online investing and business resources providing in-depth information, news and stock directories in renewable energy, homeland security and water sectors. InvestorIdeas.com features over twenty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Tuesday, October 06, 2009
www.Gold-MiningStocks.com ; Gold Stocks on the Run; (NYSE: AEM), (NYSE: AU),( AMEX: EGO), (NYSE: ABX), (NYSE: KGC)
www.Gold-MiningStocks.com ; Gold Stocks on the Run; (NYSE: AEM), (NYSE: AU),( AMEX: EGO), (NYSE: ABX), (NYSE: KGC)
Mining Stocks and Gold Stocks Directory Updated for Investors as Gold Spikes to over $1040
POINT ROBERTS, WA and DELTA, BC – October 6 , 2009, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com , www.MiningSectorStocks.com, update investors following gold and mining stocks with a preview of the new mining stocks directory and a sector close-up of some of the leading gold stocks.
The complete mining stocks directory is currently being updated and will be available by login very soon to Investor Ideas Members.
Gold/Mining Stocks Sector Close – Up Trading October 6th
AGNICO EAGLE MINES (NYSE: AEM) trading at $71.24, up $4.69 (7.05%) 11:17am ET
ANGLOGOLD ASHANTI LT (NYSE: AU) trading at $43.8, up $ 2.61 (6.33%) 11:19am ET
BARRICK GOLD CP (NYSE: ABX) trading at $39.10, up $ 2.19 (5.93%) 11:20am ET
ELDORADO GOLD CORP (AMEX: EGO) trading at $ 12.14, up $ 1.21 (11.07%) 11:21am ET
GOLDCORP INC (NYSE: GG) trading up at $41.86, up $2.54 (6.46%) 11:22am ET
KINROSS GOLD CP (NYSE: KGC) trading at$ 22.72, up $ 1.64 (7.78%) 11:23am ET
NEW GOLD INC (AMEX: NGD) trading at $4.22, up $ 0.34 (8.76%) 11:23am ET
NEWMONT MIN CP (NYSE: NEM) trading at $46.11, up $ 2.91 (6.74%) 11:26AM ET
Investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
-Public companies please contact us with updates, corrections and additions.
Abacus Mining & Exploration (TSX:AME.V) is a mineral exploration and development company with advanced-stage projects located in the prolific Afton Mining Camp near Kamloops, British Columbia (copper and gold).
Abcourt Mines (TSX:ABI.V; OTCPK:ABMBF) is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment has been purchased.
Aberdeen International (OTCPK:AABVF) is a publicly-traded global resource investment and merchant banking company focused on small cap companies in the Resource sector. We have a highly Experienced Management Team with a Global network to generate deal flow. Our Team has raised and financed over $1 Billion in the last five years in the Mining and Resource sector
Abitex Resources Inc. (TSX:ABE.V) is an exploration company based in Val d'Or, Quebec which has a diverse portfolio of uranium, gold and base metal exploration projects in Eastern Canada, three of which have historical resources. The Company is focused on advancing its uranium projects but is also evaluating new opportunities in order to enhance shareholder value
Acadian Mining Corporation (TSX:ADA.TO) is a Halifax, Nova Scotia, Canada based mining company that owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance, and is exploring and developing gold, zinc-lead, and barite properties in Atlantic Canada. Acadian holds a 29.18% interest in Royal Roads Corp. (TSX:RRO.V), which is actively exploring in Newfoundland and Labrador with a current focus on the historic Buchans Camp.
Acclaim Exploration NL (ASX:AEX.AX) is a publicly listed mineral exploration company based in Perth, Western Australia. Acclaim Exploration's primary focus is the Dalton Uranium / Gold Project in South Africa.
Acero-Martin Exploration Inc (TSX:ASD.V; Frankfurt:AMX.F) is a publicly held resource company based in Vancouver, Canada. The Company is listed on the Toronto Venture Exchange under the symbol ASD and the Frankfurt Exchange under the symbol AMX. Acero-Martin is rapidly building a leading gold and copper exploration company with a focus on Peru. The Company’s key project, Pinaya, is located approximately 775 kilometres southeast of the city of Lima. Pinaya, wholly owned by the Company, is one of Peru’s premier gold and copper exploration prospects.
Active Control Technology Inc. (TSX:ACT.V) is a mining services company specializing in advanced wireless productivity and safety systems. The company's MSHA-approved ActiveMine system provides two-way wireless voice communication, real-time tracking of personnel and assets, and high bandwidth data applications such as streaming video and operational data from mining machinery, over a robust wireless Wi-Fi network. Located in Burlington, Ontario, Canada, Active Control trades publicly on the TSX Venture Exchange under the symbol ACT.
Adamus Resources Limited (TSX:ADU.V; ASX:ADU.AX) is an exploration company, whose main focus is on realising the economic potential of the 90% owned Southern Ashanti Gold Project in Ghana, West Africa. The Project comprises a Greenfield development of open pit mining operations, a processing facility and associated infrastructure to mine and process ore from defined resources in concessions including Salman-Akanko and Anwia-Bokazo deposits. Current estimates show the Project to have a minimum life of 10 years and produce on average 100,000oz of gold per year.
Adanac Moly Corporation (TSX:AUA.TO; Frankfurt:A9N.F) is listed on the TSX and Frankfurt exchanges and owns the Ruby Creek Project in northern British Columbia. The Company has advanced the project through feasibility studies, a production decision and has previously ordered long-lead equipment, completed permitting for construction, constructed a road to the site and secured US$80 million in bridge financing
Adriana Resources Inc. (TSX:ADI.V) Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Quebec, Canada.
Adroit Resources Inc. (TSX:ADT.V) is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Central Italy and diamonds, precious and base metals in the Temagami and Bancroft areas of Ontario, Canada and oil and gas in Texas, USA. In addition, Adroit is seeking new precious and base metal projects and oil and gas prospects to add to its expanding portfolio. The Company's issued and outstanding share capital is 51,834,037 common shares.
Afrasia Mineral Fields Inc (TSX:AFS-H.V) Afrasia is a publicly listed company actively seeking a project of merit.
Afri-Can Marine Minerals Corporation (TSX:AFA.V) is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. Afri-Can's creative and scientific approach targets large marine diamond deposits in unexplored prospective territories.
African Copper PLC (LSE:ACU.L) The Company's wholly-owned subsidiary Messina holds the Dukwe Project comprising exploration licence PL 33/2005, with an area of 139.6 km2, and within the exploration licence a mining licence 2006/53L of 32.7 km2 valid until end 2031 .To the north of PL 33/2005 an additional licence was applied for and awarded during 2008; this licence 180/2008 covers an area of 114.4 km2. The Dukwe Project with its associated licences encompasses the Mowana Mine and all current estimated mineral resources and reserves associated with the mine; together with north and south extensions of mineralization that lie outside of the Mowana Mine licence area. Open pit proven (10.82 million tonnes at 1% copper) and probable (3.98 million tonnes at 1.4% copper) reserves have been estimated for a total of 14.8 million tonnes grading 1.11 per cent. Copper. The Company's wholly-owned subsidiary Matsitama holds the Matsitama Project, which is comprised of the Matsitama Licences. In the Matsitama Project area African Copper holds five prospecting licences which are contiguous with the Mowana Mine deposit. All the licences are valid and contain prospective areas of mineralization.
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Monday, September 21, 2009
Investors and Traders - Publish Your Best Gold Stock Picks and Stock Profiles On Investorideas.com
Investors and Traders - Publish Your Best Gold Stock Picks and Stock Profiles On Investorideas.com
“Big Ideas for the Small Cap Investor "; Sharing Trading Ideas and Investor Ideas
Delta B.C., September 21, 2009 - www.InvestorIdeas.com, a leading investor research portal specialized in sector investing announces a new content submission service for investors and traders to publish and share their stock picks and stock profiles. True to the Investor Ideas theme and logo- “Big Ideas for the Small Cap Investor”, the new content submission gives investors direct access to other investors on the site.
The Stock profiles and stock picks include the company’s name, symbol, exchange, sector, current stock price and a profile written by investors. Investorideas.com covers multiple sectors from renewable energy, to water, to mining and tech.
The new content, entitled, "Your Best Investor Ideas at Investorideas.com" Stock Picks from Investors. The free content publishing service for investors gives investors a platform to showcase their stock picking expertise and share results with other online traders and investors .
Publish Your Stock Profile – Tell other investors about your best stock pick!
http://www.investorideas.com/membership/investor-ideas-stocks-submission.asp
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Visit the Investorideas.com Green Investor Portals: www.RenewableEnergyStocks.com ®, www.FuelCellCarNews.com ®, www.EnvironmentStocks.com, www.Water-Stocks.com and www.GreentechInvestor.com all within the Investorideas.com hub.
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Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: Investorideas is compensated by featured companies, news submissions and online advertising.
Disclosure - www.InvestorIdeas.com/About/Disclaimer.asp, http://www.investorideas.com/About/News/Clientspecifics.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com or Cali at cvanzant@investorideas.com
“Big Ideas for the Small Cap Investor "; Sharing Trading Ideas and Investor Ideas
Delta B.C., September 21, 2009 - www.InvestorIdeas.com, a leading investor research portal specialized in sector investing announces a new content submission service for investors and traders to publish and share their stock picks and stock profiles. True to the Investor Ideas theme and logo- “Big Ideas for the Small Cap Investor”, the new content submission gives investors direct access to other investors on the site.
The Stock profiles and stock picks include the company’s name, symbol, exchange, sector, current stock price and a profile written by investors. Investorideas.com covers multiple sectors from renewable energy, to water, to mining and tech.
The new content, entitled, "Your Best Investor Ideas at Investorideas.com" Stock Picks from Investors. The free content publishing service for investors gives investors a platform to showcase their stock picking expertise and share results with other online traders and investors .
Publish Your Stock Profile – Tell other investors about your best stock pick!
http://www.investorideas.com/membership/investor-ideas-stocks-submission.asp
Terms and Conditions of Use: Please review the following terms and conditions before submitting.
*For Investors use only - no PR, IR Firms or Company IR
*Stocks must trade at a minimum of $0.15
*No Pink Sheet Stocks
Investorideas.com Additional Publishing Services:
News Release Submission – Publish your news release on our site and news RSS feeds – have your news read by thousand of investors each day! http://www1.investorideas.com/NewsUploader/Default.aspx
Company Profile Submission – Publish your company profile by industry sector
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Article Submission - Submit articles and research reports online
http://www1.investorideas.com/NewsUploader/Submit_Article/Default.aspx
Investorideas.com Membership- Research Green Stocks Directory, Energy Stocks, Investors Newsletter and more…
Helping find your best stock pick with our stock directories -
Get Members only Restricted Content including the complete renewable energy stocks directory, water stocks directory, natural gas, oil and gas, biotech, defense and more coming soon. Members get access to 8 stock directories and the well known investor newsletter, the Insiders Corner. Coming soon – gold stocks directory.
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About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
Visit the Investorideas.com Green Investor Portals: www.RenewableEnergyStocks.com ®, www.FuelCellCarNews.com ®, www.EnvironmentStocks.com, www.Water-Stocks.com and www.GreentechInvestor.com all within the Investorideas.com hub.
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: Investorideas is compensated by featured companies, news submissions and online advertising.
Disclosure - www.InvestorIdeas.com/About/Disclaimer.asp, http://www.investorideas.com/About/News/Clientspecifics.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com or Cali at cvanzant@investorideas.com
Wednesday, September 09, 2009
Top 10 Investor Searches Include Natural Gas Stocks, Renewable Energy Stocks, Water Stocks, Gold–Mining Stocks
Investorideas.com Top 10 Investor Searches Include Natural Gas Stocks, Renewable Energy Stocks, Water Stocks, Gold–Mining Stocks
Gold and Mining Stocks in Top 10 as Gold Reaches $1000
POINT ROBERTS, Wash., Delta, B.C.–September 9, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors. Natural Gas Stocks, Renewable Energy Stocks, Water Stocks, Gold –Mining Stocks were some of the leading inbound investor search phrases this week.
Gold and mining stocks entered the top 10 as investors searched for investment opportunities as gold traded at $1000.
Investorideas.com attracts a daily global audience averaging 12,000 visitors a day, using the site’s investor educational and research tools to research leading sectors.
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated each Wednesday for investors to review.
1. Natural gas stocks Natural Gas Stocks Directory: Research Natural Gas stocks 2. Natural gas news 3. Natural gas companies 4. Renewable energy stocks Renewable Energy Stocks Directory- Research Green Stocks
5. Natural gas producers
6. Gold mining stocks Mining Stocks Directory – Research global mining stocks on TSX, ASX, OTC, NASDAQ and more
7. Water stocks Water Stocks Directory- Research Water Stocks
8. India Stock Market 9. Renewable energy companies
10. Canadian Natural gas companies
See our complete list of stock directories by sector at Investor Ideas and research stocks in each sector.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
-Public companies please contact us with updates, corrections and additions
Energy Investors and Traders:
The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX.
Green Energy investors can also research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Investorideas.com Members- access to our best stock directories in leading sectors: renewable energy stocks, water stocks, fuel cell stocks, natural gas stocks, defense stocks, biotech stocks and coming soon – oil and gas stocks .
As an added bonus, members can access the Insiders Corner by Michael Brush.
“The Insiders Corner “http://www.investorideas.com/insiderscorner/ By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Join Today – Become an Investor Ideas Member
About InvestorIdeas.com:
Investor Ideas is a global financial media online destination specialized in sector investing content. Investor Ideas (and portals within the hub) was one of the first online investing and business resources providing in-depth information, news and stock directories in renewable energy, homeland security and water sectors. InvestorIdeas.com features over twenty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Gold and Mining Stocks in Top 10 as Gold Reaches $1000
POINT ROBERTS, Wash., Delta, B.C.–September 9, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors. Natural Gas Stocks, Renewable Energy Stocks, Water Stocks, Gold –Mining Stocks were some of the leading inbound investor search phrases this week.
Gold and mining stocks entered the top 10 as investors searched for investment opportunities as gold traded at $1000.
Investorideas.com attracts a daily global audience averaging 12,000 visitors a day, using the site’s investor educational and research tools to research leading sectors.
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated each Wednesday for investors to review.
1. Natural gas stocks Natural Gas Stocks Directory: Research Natural Gas stocks 2. Natural gas news 3. Natural gas companies 4. Renewable energy stocks Renewable Energy Stocks Directory- Research Green Stocks
5. Natural gas producers
6. Gold mining stocks Mining Stocks Directory – Research global mining stocks on TSX, ASX, OTC, NASDAQ and more
7. Water stocks Water Stocks Directory- Research Water Stocks
8. India Stock Market 9. Renewable energy companies
10. Canadian Natural gas companies
See our complete list of stock directories by sector at Investor Ideas and research stocks in each sector.
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
-Public companies please contact us with updates, corrections and additions
Energy Investors and Traders:
The comprehensive the Natural Gas Stocks Directory gives investors a list of stocks on the TSX, ASX, OTC, NASDAQ and NYSE. The oil and gas stocks directory currently has over 500 publicly traded stocks from multiple global stock exchanges including TSX and ASX.
Green Energy investors can also research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Investorideas.com Members- access to our best stock directories in leading sectors: renewable energy stocks, water stocks, fuel cell stocks, natural gas stocks, defense stocks, biotech stocks and coming soon – oil and gas stocks .
As an added bonus, members can access the Insiders Corner by Michael Brush.
“The Insiders Corner “http://www.investorideas.com/insiderscorner/ By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Join Today – Become an Investor Ideas Member
About InvestorIdeas.com:
Investor Ideas is a global financial media online destination specialized in sector investing content. Investor Ideas (and portals within the hub) was one of the first online investing and business resources providing in-depth information, news and stock directories in renewable energy, homeland security and water sectors. InvestorIdeas.com features over twenty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Tuesday, September 08, 2009
Gold Prices Top $1,000 Reaching Highest Point Since February
Gold Prices Top $1,000 Reaching Highest Point Since February
Gold Analyst Says This is Just the Beginning; Gold Could Reach $5,000 in Three Years
Boca Raton, Fla., September 8, 2009 – The price of gold broke the $1,000 mark this morning, making it the highest price for the glittering metal so far this year. James DiGeorgia of the Gold and Energy Advisor (www.goldandenergyadvisor.com) has been predicting this for years though, and he says this is just the beginning.
“We could very easily see $1,200 gold by the end of the year, and I believe $2,500 gold could be here in the next 18 to 36 months, followed by $5,000 gold in three to five years time,” says James Digeorgia, editor of the Gold and Energy Advisor.
DiGeorgia points out that the treasury continues to print more money at alarming rates, bringing down the value of the U.S. dollar and increasing the value of commodities like gold and silver.
“We’re going to see a monetary panic of unprecedented size. Physical gold is the best insurance available for the stupidity of politicians. I believe everyone should have at least 20% of physical gold, not ETFs, but physical gold in their personal portfolio,” says Digeorgia.
China, the nation with more than $2 trillion in foreign reserves is stocking up on its gold supply. In addition, Chinese government officials are planning to abandon the depreciating dollar, creating a strong competing currency—one that doesn’t come with an $11 trillion debt attached.
This will force Washington to inflate the dollar even further, making the case for gold even more promising.
DiGeorgia points out that there is a shortage developing in physical gold. The U.S. Mint has stopped selling gold several times in the last few months. Dealer inventories are very low for all forms of the metal. Physical bullion and coins are getting scarce across the entire industry.
“Now is the time to get in on what will become the next big gold rush. If only one percent of current Wall Street investors cross over into gold, the gold market will expand to multiples of its current size. And if the public overall moves in, it will be breathtaking,” says DiGeorgia.
About The Gold and Energy Advisor
The Gold and Energy Advisor is a monthly newsletter that covers the precious metals, and energy markets with the single goal of delivering money making recommendations to its subscribers. It also provides frequent updates and special reports about investing. The Gold and Energy Advisor is edited by James DiGeorgia, who has extensive experience in precious metals and the energy markets, and is considered one of the world's foremost authorities in both areas.
###
MEDIA CONTACT:
Bruce Serbin
Reeves Laverdure PR
bserbin@reeespr.com
(561) 391-8717
Published at Investorideas.com and our mining portals - www.Gold-MiningStocks.com and www.MiningSectorStocks.com
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
-Public companies please contact us with updates, corrections and additions.
Mining Stocks – Reach investors following mining stocks at Investorideas.com:
Submit Mining and Gold Stock News: Have your news read by thousands of mining investors
Visit our Mining Stocks Investor Awareness Programs: Be in front of thousands of investors each day
Gold Analyst Says This is Just the Beginning; Gold Could Reach $5,000 in Three Years
Boca Raton, Fla., September 8, 2009 – The price of gold broke the $1,000 mark this morning, making it the highest price for the glittering metal so far this year. James DiGeorgia of the Gold and Energy Advisor (www.goldandenergyadvisor.com) has been predicting this for years though, and he says this is just the beginning.
“We could very easily see $1,200 gold by the end of the year, and I believe $2,500 gold could be here in the next 18 to 36 months, followed by $5,000 gold in three to five years time,” says James Digeorgia, editor of the Gold and Energy Advisor.
DiGeorgia points out that the treasury continues to print more money at alarming rates, bringing down the value of the U.S. dollar and increasing the value of commodities like gold and silver.
“We’re going to see a monetary panic of unprecedented size. Physical gold is the best insurance available for the stupidity of politicians. I believe everyone should have at least 20% of physical gold, not ETFs, but physical gold in their personal portfolio,” says Digeorgia.
China, the nation with more than $2 trillion in foreign reserves is stocking up on its gold supply. In addition, Chinese government officials are planning to abandon the depreciating dollar, creating a strong competing currency—one that doesn’t come with an $11 trillion debt attached.
This will force Washington to inflate the dollar even further, making the case for gold even more promising.
DiGeorgia points out that there is a shortage developing in physical gold. The U.S. Mint has stopped selling gold several times in the last few months. Dealer inventories are very low for all forms of the metal. Physical bullion and coins are getting scarce across the entire industry.
“Now is the time to get in on what will become the next big gold rush. If only one percent of current Wall Street investors cross over into gold, the gold market will expand to multiples of its current size. And if the public overall moves in, it will be breathtaking,” says DiGeorgia.
About The Gold and Energy Advisor
The Gold and Energy Advisor is a monthly newsletter that covers the precious metals, and energy markets with the single goal of delivering money making recommendations to its subscribers. It also provides frequent updates and special reports about investing. The Gold and Energy Advisor is edited by James DiGeorgia, who has extensive experience in precious metals and the energy markets, and is considered one of the world's foremost authorities in both areas.
###
MEDIA CONTACT:
Bruce Serbin
Reeves Laverdure PR
bserbin@reeespr.com
(561) 391-8717
Published at Investorideas.com and our mining portals - www.Gold-MiningStocks.com and www.MiningSectorStocks.com
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges
-Public companies please contact us with updates, corrections and additions.
Mining Stocks – Reach investors following mining stocks at Investorideas.com:
Submit Mining and Gold Stock News: Have your news read by thousands of mining investors
Visit our Mining Stocks Investor Awareness Programs: Be in front of thousands of investors each day
Monday, September 07, 2009
Sunridge Gold (TSX-V:SGC) Announces US$10,000,000 Exploration Funding Agreement and Strategic Alliance Financing With New Partner Antofagasta Minera
Sunridge Gold (TSX-V:SGC) Announces US$10,000,000 Exploration Funding Agreement and Strategic Alliance Financing With New Partner Antofagasta Minerals S.A.
VANCOUVER, BRITISH COLUMBIA-- 09/04/09- Sunridge Gold Corp. (TSX-V:SGC) is pleased to announce that it has signed a memorandum of understanding ("MOU") to enter into a strategic partnership with Antofagasta Minerals S.A. ("Antofagasta") whereby Antofagasta will fund US$10,000,000 of exploration work over a 5-year period to earn a 60% interest in part of the Company's Asmara Project in Eritrea, now known as the Exploration Areas, and will purchase common shares of Sunridge in a non-brokered private placement for proceeds of US$5 million. Antofagasta will become Sunridge's largest shareholder owning an approximate 18% interest in Sunridge. Michael Hopley, President and CEO of Sunridge, stated: "We are very happy to be forming this strategic alliance with one of the leading copper producers in the world. Having concluded site visits, it is obvious that Antofagasta shares our belief that the Asmara Project has the potential for the discovery of other large base metal deposits - larger even than the Emba Derho deposit. This funding of the work on the Exploration Areas will allow us to drill many of the best targets in those areas. In addition, the corporate financing by Antofagasta will permit us to continue further exploration and development of the four existing deposits, particularly Emba Derho, towards final feasibility and eventual production."
HIGHLIGHTS:
- The exploration agreement with Antofagasta excludes the current existing Development Areas and the four defined deposits outlined to date and will therefore focus on other areas of the Asmara Project, known as the Exploration Areas, which are considered to have the potential for large new discoveries. On the Development Areas, which will remain owned 100% by Sunridge, the Company will commence its own drilling programs with the objective to expand and further develop these resources.
- The combination of the exploration funding agreement and the corporate funding by Antofagasta will allow Sunridge to conduct parallel exploration programs on the Exploration Areas and on the existing deposits within the remaining Development Areas (see map below).
- Combined with its existing cash of approximately $4.5 million, Sunridge will have a stronger cash position of approximately $10.0 million upon closing of the private placement. This will allow Sunridge to aggressively conduct exploration and development programs and advance deposits toward final feasibility studies on the existing resources on the Asmara Project as well as commencing exploration on the Besakoa project in Madagascar.
- Sunridge still retains a 100% interest in the four defined deposits outlined to date on the Asmara Project.
- The alliance between Sunridge and one of the premier copper producers in the world should bring strong benefits to the exploration and potential development of the Asmara Project.
EXPLORATION AGREEMENT:
The MOU states that under the exploration agreement to be finalized in October 2009, Antofagasta will have an option to earn a 60% interest in the Asmara Project Exploration Areas (see map below) by spending US$10,000,000 over a maximum 5-year period. The Exploration Areas cover approximately 585 hectares within the Asmara Project, but specifically excludes the four deposits already defined by Sunridge; the large Emba Derho copper-zinc-gold VMS deposit, the Adi Nefas zinc-gold-copper VMS deposit, the Debarwa copper-zinc-gold deposit and the Gupo gold deposit. The Exploration Areas includes many high priority drill targets defined by Sunridge over the past several years through geological mapping and sampling as well as various geophysical methods. The targets of particular interest are Dario Paulus, Kodadu, Adi Rassi, Adi Musa and Adi Lamza. Sunridge believes that these areas have strong potential for new base metals and possibly gold discoveries.
Sunridge will be the operator of the exploration program until a total of US$7,000,000 has been funded by Antofagasta at which time Antofagasta can become operator. The following are the minimum exploration commitments to maintain the option: Year 1: US$1,500,000; Year 2: US$2,000,000; Year 3: US$2,000,000; Year 4: US$2,000,000; Year 5: US$2,500,000. Antofagasta is obligated to spend a minimum of US $2 million in the first two years or pay Sunridge any shortfall. Antofagasta has the right to accelerate the funding.
Upon completion of US$10,000,000 in exploration expenditures, Antofagasta will be entitled to acquire a 60% interest in the Exploration Areas and will have the right to complete a feasibility study on any project on the Exploration Areas to earn an additional 15% for a total of 75% interest in the Exploration Areas.
PRIVATE PLACEMENT:
Under a financing arrangement with Sunridge, Antofagasta will purchase shares in Sunridge equal to US$5.0 million. Antofagasta will subscribe, by way of a non-brokered private placement, for approximately 14,000,000 shares of Sunridge at a price of $0.40 per share for gross proceeds of US$5 million (CDN$5.6 million). Upon completion of the private placement, Antofagasta will own an approximate 18% interest in Sunridge. As part of the financing and exploration agreement, Antofagasta will be entitled to appoint one member to the Sunridge Board of Directors and will have certain rights to participate in future financings to maintain their interest.
The proceeds from the private placement will be for further exploration and development on the four existing deposits within the Asmara Project, for initial exploration work on the Company's projects in Madagascar and for general corporate purposes.
The transaction remains subject to Antofagasta completing its due diligence, completion of formal documentation and regulatory approvals. Closing is expected in October, 2009.
ANTOFAGASTA MINERALS S.A.:
Antofagasta is a wholly owned subsidiary of Antofagasta plc, which is listed on the London Stock Exchange (symbol - ANTO) and is a constituent of the FTSE-100 index, with interests in mining, transport and water distribution. Its Chilean mining operations, which comprise Los Pelambres, El Tesoro and Michilla, are expected to produce approximately 447,000 tonnes of copper in concentrate and cathode and 7,200 tonnes of molybdenum in concentrate in 2009. It is currently carrying out a brownfield expansion at Los Pelambres and developing the greenfield Esperanza project in Chile, which, when operational, are expected to increase total Group copper production to nearly 700,000 tonnes per year from 2011. Antofagasta also has exploration or feasibility programs in Chile, Pakistan, Zambia and Mexico. At 30 June 2009, Antofagasta plc had net cash of US$1.8 billion and it currently has a market capitalization of US$11.3 billion.
ABOUT SUNRIDGE
Sunridge Gold Corp. is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea. Recently the Company published a positive Preliminary Economic Assessment Study on the Emba Derho copper-zinc-gold deposit. Prior to the completion of the above private placement, the Company has 62.6 million shares outstanding and approximately $4.5 million in cash. Sunridge Gold Corp. trades on the TSX Venture Exchange under the symbol SGC.
For additional information on the company and its projects please view the slide show on our website at www.sunridgegold.com or call Don Halliday or Greg Davis at the numbers listed below.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer
This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include resource estimates. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact: Contacts:Sunridge Gold Corp.Don HallidayExecutive Vice President 604-899-1505 604-899-1505 (direct)donh@sunridgegold.comSunridge Gold Corp.Greg DavisVP Business Development 604-688-1263 604-688-1263 (direct)greg@sunridgegold.comwww.sunridgegold.com
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VANCOUVER, BRITISH COLUMBIA-- 09/04/09- Sunridge Gold Corp. (TSX-V:SGC) is pleased to announce that it has signed a memorandum of understanding ("MOU") to enter into a strategic partnership with Antofagasta Minerals S.A. ("Antofagasta") whereby Antofagasta will fund US$10,000,000 of exploration work over a 5-year period to earn a 60% interest in part of the Company's Asmara Project in Eritrea, now known as the Exploration Areas, and will purchase common shares of Sunridge in a non-brokered private placement for proceeds of US$5 million. Antofagasta will become Sunridge's largest shareholder owning an approximate 18% interest in Sunridge. Michael Hopley, President and CEO of Sunridge, stated: "We are very happy to be forming this strategic alliance with one of the leading copper producers in the world. Having concluded site visits, it is obvious that Antofagasta shares our belief that the Asmara Project has the potential for the discovery of other large base metal deposits - larger even than the Emba Derho deposit. This funding of the work on the Exploration Areas will allow us to drill many of the best targets in those areas. In addition, the corporate financing by Antofagasta will permit us to continue further exploration and development of the four existing deposits, particularly Emba Derho, towards final feasibility and eventual production."
HIGHLIGHTS:
- The exploration agreement with Antofagasta excludes the current existing Development Areas and the four defined deposits outlined to date and will therefore focus on other areas of the Asmara Project, known as the Exploration Areas, which are considered to have the potential for large new discoveries. On the Development Areas, which will remain owned 100% by Sunridge, the Company will commence its own drilling programs with the objective to expand and further develop these resources.
- The combination of the exploration funding agreement and the corporate funding by Antofagasta will allow Sunridge to conduct parallel exploration programs on the Exploration Areas and on the existing deposits within the remaining Development Areas (see map below).
- Combined with its existing cash of approximately $4.5 million, Sunridge will have a stronger cash position of approximately $10.0 million upon closing of the private placement. This will allow Sunridge to aggressively conduct exploration and development programs and advance deposits toward final feasibility studies on the existing resources on the Asmara Project as well as commencing exploration on the Besakoa project in Madagascar.
- Sunridge still retains a 100% interest in the four defined deposits outlined to date on the Asmara Project.
- The alliance between Sunridge and one of the premier copper producers in the world should bring strong benefits to the exploration and potential development of the Asmara Project.
EXPLORATION AGREEMENT:
The MOU states that under the exploration agreement to be finalized in October 2009, Antofagasta will have an option to earn a 60% interest in the Asmara Project Exploration Areas (see map below) by spending US$10,000,000 over a maximum 5-year period. The Exploration Areas cover approximately 585 hectares within the Asmara Project, but specifically excludes the four deposits already defined by Sunridge; the large Emba Derho copper-zinc-gold VMS deposit, the Adi Nefas zinc-gold-copper VMS deposit, the Debarwa copper-zinc-gold deposit and the Gupo gold deposit. The Exploration Areas includes many high priority drill targets defined by Sunridge over the past several years through geological mapping and sampling as well as various geophysical methods. The targets of particular interest are Dario Paulus, Kodadu, Adi Rassi, Adi Musa and Adi Lamza. Sunridge believes that these areas have strong potential for new base metals and possibly gold discoveries.
Sunridge will be the operator of the exploration program until a total of US$7,000,000 has been funded by Antofagasta at which time Antofagasta can become operator. The following are the minimum exploration commitments to maintain the option: Year 1: US$1,500,000; Year 2: US$2,000,000; Year 3: US$2,000,000; Year 4: US$2,000,000; Year 5: US$2,500,000. Antofagasta is obligated to spend a minimum of US $2 million in the first two years or pay Sunridge any shortfall. Antofagasta has the right to accelerate the funding.
Upon completion of US$10,000,000 in exploration expenditures, Antofagasta will be entitled to acquire a 60% interest in the Exploration Areas and will have the right to complete a feasibility study on any project on the Exploration Areas to earn an additional 15% for a total of 75% interest in the Exploration Areas.
PRIVATE PLACEMENT:
Under a financing arrangement with Sunridge, Antofagasta will purchase shares in Sunridge equal to US$5.0 million. Antofagasta will subscribe, by way of a non-brokered private placement, for approximately 14,000,000 shares of Sunridge at a price of $0.40 per share for gross proceeds of US$5 million (CDN$5.6 million). Upon completion of the private placement, Antofagasta will own an approximate 18% interest in Sunridge. As part of the financing and exploration agreement, Antofagasta will be entitled to appoint one member to the Sunridge Board of Directors and will have certain rights to participate in future financings to maintain their interest.
The proceeds from the private placement will be for further exploration and development on the four existing deposits within the Asmara Project, for initial exploration work on the Company's projects in Madagascar and for general corporate purposes.
The transaction remains subject to Antofagasta completing its due diligence, completion of formal documentation and regulatory approvals. Closing is expected in October, 2009.
ANTOFAGASTA MINERALS S.A.:
Antofagasta is a wholly owned subsidiary of Antofagasta plc, which is listed on the London Stock Exchange (symbol - ANTO) and is a constituent of the FTSE-100 index, with interests in mining, transport and water distribution. Its Chilean mining operations, which comprise Los Pelambres, El Tesoro and Michilla, are expected to produce approximately 447,000 tonnes of copper in concentrate and cathode and 7,200 tonnes of molybdenum in concentrate in 2009. It is currently carrying out a brownfield expansion at Los Pelambres and developing the greenfield Esperanza project in Chile, which, when operational, are expected to increase total Group copper production to nearly 700,000 tonnes per year from 2011. Antofagasta also has exploration or feasibility programs in Chile, Pakistan, Zambia and Mexico. At 30 June 2009, Antofagasta plc had net cash of US$1.8 billion and it currently has a market capitalization of US$11.3 billion.
ABOUT SUNRIDGE
Sunridge Gold Corp. is a mineral exploration and development company focused on the acquisition, exploration, discovery and development of base and precious metal projects on the Asmara Project in Eritrea. Recently the Company published a positive Preliminary Economic Assessment Study on the Emba Derho copper-zinc-gold deposit. Prior to the completion of the above private placement, the Company has 62.6 million shares outstanding and approximately $4.5 million in cash. Sunridge Gold Corp. trades on the TSX Venture Exchange under the symbol SGC.
For additional information on the company and its projects please view the slide show on our website at www.sunridgegold.com or call Don Halliday or Greg Davis at the numbers listed below.
SUNRIDGE GOLD CORP.
Michael Hopley, President and Chief Executive Officer
This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include resource estimates. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact: Contacts:Sunridge Gold Corp.Don HallidayExecutive Vice President 604-899-1505 604-899-1505 (direct)donh@sunridgegold.comSunridge Gold Corp.Greg DavisVP Business Development 604-688-1263 604-688-1263 (direct)greg@sunridgegold.comwww.sunridgegold.com
Published at Investorideas.com and our mining portals - www.Gold-MiningStocks.com and www.MiningSectorStocks.com
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