Investorideas.com - TAG Oil (TSX-V: TAO) Acquires Condensate-Rich Deep Gas Discovery, Taranaki Basin, New Zealand
Vancouver, B.C. – September 16, 2010 (Investorideas.com Newswire) – Canadian-listed, New Zealand oil and gas producer, TAG Oil Ltd. (TSX-V: TAO), reports that the Company has acquired 100%-interest in Petroleum Mining Permit 38156-D, which contains the Cardiff gas/condensate discoveries located onshore in the Taranaki Basin, New Zealand. This interest was acquired from the receivers and liquidators of the previous operator of PMP 38156-D, and its joint-venture partner, the New Zealand state-owned utility.
The Cardiff structure has been identified as a large anticlinal trap, some 12 km long by 3 km wide, with a number of potential pay zones within the Kapuni Sands Formation. The Cardiff gas/condensate discovery has the potential to become a substantial onshore resource, situated on trend and among several sizable deep gas/condensate discoveries in the Taranaki Basin, including the nearby landmark Kapuni Field, New Zealand's first major onshore discovery, and the prolific Mangahewa and Pohokura gas fields.
Gas with rich condensates was discovered at Cardiff within the upper Kapuni zone, which encountered 12m of net pay and flowed at over 3 million cubic feet and 100 barrels of condensate (light oil) per day with improving rates observed on long-term testing. This zone can be identified on 3D seismic to be a prospective target across the span of the Cardiff structure. Furthermore, even greater resource potential exists in the deeper K1A and K3E zones, where strong gas shows were encountered over a gross 600m interval. This will be a primary target in future Cardiff wells.
View New Zealand's gas supply/demand.
Access to market for Cardiff gas is relatively straightforward, being situated just 3-km from a tie-in to TAG-owned gas infrastructure. This tie-in provides a link to the high-capacity LTS gas pipeline and the thriving North Island gas market. This acquisition comes at a time of strong demand, tightening supply and record-high contract gas prices in New Zealand, providing a number of commercial opportunities for developing Cardiff gas.
TAG plans to recommence development of Cardiff targeting the various gas/condensate zones with rapidly advancing horizontal-drilling and multi-stage fracturing technologies developed specifically for these types of tight-sand gas reservoirs. Porosities and permeabilities found within the multiple Kapuni Sands Formation zones encountered in the Cardiff-1 (5050m total depth), Cardiff-2 and Cardiff-2A sidetrack (4931m total depth) wells are analogous to prolific tight-sand formations found in Germany, Holland, the North Sea and numerous basins in the U.S. and Canada, where these technologies have been successful in achieving dramatic increases to flow rates and overall reserve recovery.
See a larger map on our website.
Permit PMP 38156-D resides within the same permit boundary as TAG's Petroleum Mining Permit 38156-S, where TAG is currently producing oil and gas and developing discoveries in shallower formations. This acquisition effectively ends the previous split of the permit and TAG now controls 100% of all prospective formations within Petroleum Mining License 38156.
Mr. Garth Johnson, CEO of TAG commented, "This acquisition not only positions TAG with a prime onshore gas and condensate development opportunity in close proximity to our own infrastructure, it secures 100%-control over title to the PMP 38156 production license. TAG is building its near-term cash flow through development of the shallow discoveries, and can now apply our highly efficient business model to exploiting the extensive multiple-zone hydrocarbon potential within this Taranaki Basin permit."
TAG Oil Ltd.
TAG Oil Ltd. is a Canadian-based company with international operations in New Zealand. The Company holds a drill-ready prospect inventory that covers more than 3,500 sections of land in the Taranaki and East Coast basins, including a 100% interest in the producing Cheal oil and gas discoveries now under appraisal and development.
In the East Coast Basin, TAG is planning a drilling campaign to further investigate the major unconventional resource potential that has been demonstrated in the Waipawa and Whangai fractured shale source-rock formations that are widespread across the Company's acreage. The geological characteristics of these formations compare favourably to oil-rich shale formations such as the Bakken Shale in the Williston Basin and Liassic Shale in the Paris Basin.
Contact:
Dan Brown or Garth JohnsonTAG Oil Ltd. 1-604-682-6496Website: http://www.tagoil.com/
Cautionary Note Regarding Anticipated Results and Forward-Looking Statements
Statements contained in this news release that are not historical facts are anticipated results and forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. Actual results may vary materially from the information provided in this release. As a result, there is no representation by TAG Oil that actual results realized in the future would be the same in whole or in part as those presented herein. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance.
TAG Oil is involved in the exploration for, and production of, hydrocarbons, and all of its current property holdings, with the exception of the Cheal Oil Field, are in the grassroots or primary exploration stage. Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. There is no certainty that the expenditures incurred on TAG Oil's exploration properties will result in discoveries of commercial quantities of hydrocarbons. TAG Oil's future success in exploiting and increasing its current reserve base will depend on TAG Oil's ability to develop its current properties and on its ability to discover and acquire properties or prospects that are producing. But, there is no assurance that TAG Oil's future exploration and development efforts will result in the discovery or development of additional commercial accumulations of oil and natural gas.
Other factors that could cause actual results to differ from those contained in the anticipated results and forward-looking statements are set forth in, but are not limited to, filings that the Company and its independent evaluator have made, including the Company's most recent reports in Canada under National Instrument 51-102.
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.
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Thursday, September 16, 2010
Mining Stocks; North Arrow (TSX-V: NAR) Receives Drill Permit for Lac De Gras Diamond Project
Mining Stocks; North Arrow (TSX-V: NAR) Receives Drill Permit for Lac De Gras Diamond Project
Vancouver, British Columbia CANADA - September 16, 2010 (Investorideas.com Mining stocks Newswire, http://www.gold-miningstocks.com/ ) North Arrow Minerals Inc. (NAR: TSXV), ("North Arrow" or the "Company") is providing an update on its Canadian exploration properties. The Company reports it has received a land use permit from the Mackenzie Valley Land and Water Board for its 81,000 acre Lac de Gras diamond property, which adjoins the Diavik Diamond Mine in the Lac de Gras area of the Northwest Territories. Receipt of the permit allows the Company to commence planning for a drilling program, which has been re-scheduled for April and May of 2011 due to lateness of the season. As previously announced, a program of anomaly checking and ground geophysical surveys is scheduled to begin this week. The Lac de Gras property covers numerous geophysical targets selected by Dr. Chris Jennings using a proprietary geophysical technique that has successfully identified kimberlites in the Lac de Gras area. The project is a 50:50 joint venture between the Company and Dr. Jennings.
Ground geophysical surveys have now been completed at the Company's Hammer kimberlite located in the Coronation area of Nunavut. The surveys were conducted to cover a 1 hectare topographic low from which a 6.6 kg sample of kimberlite collected in 2009 returned a diamond on the 0.106 mm square mesh screen, confirming that the kimberlite body is diamondiferous. The property is subject to a joint venture arrangement between North Arrow (25%) and Stornoway Diamond Corporation (75%). Results of the survey will be announced after data processing and review.
The Company also reports the completion of an initial exploration program at the recently acquired Cal (1,446 acres) and Dotty (620 acres) properties situated in north-central Yukon Territory. The gold prospect claims were staked to cover anomalous government stream silt geochemical results in an area having bedrock stratigraphy similar to ATAC Resources Ltd.'s Rau Gold Project. During the program a total of 40 rock samples, 90 stream silt samples and 43 soil samples were collected and results are pending. The Company has issued 25,000 shares to Cathro Resources Corp. and 25,000 shares to Cazador Resources Ltd. as required under the terms of the previously disclosed option agreement whereby the Company can earn a 100% interest in the properties (please see North Arrow news release #10-11 dated August 3rd 2010).
North Arrow's exploration programs are conducted under the supervision of Gordon Clarke, P.Geol (NT&NU), Vice President, Exploration for North Arrow and a qualified person under NI 43-101.
North Arrow Minerals Inc.
/s/ "D. Grenville Thomas"
D. Grenville Thomas
President and CEO
D. Grenville Thomas
President and CEO
For further information, please contact:
D. Grenville Thomas
President and CEO
Tel: 604-668-8355
President and CEO
Tel: 604-668-8355
Gordon Clarke
Vice President, Exploration
Tel: 867-873-8483
Vice President, Exploration
Tel: 867-873-8483
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release.
North Arrow Minerals Inc. Suite 860 - 625 Howe Street, Vancouver, BC, Canada V6C 2T6
Source: North Arrow Minerals Inc. (NAR: TSXV) info@northarrowminerals.com Maximum News Dissemination by Filing Services Canada Inc. * http://www.usetdas.com/
Disclosure, Disclaimer/ NAR is a paid advertising client on Investorideas.com and our mining portals( five hundred)
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Wednesday, September 15, 2010
Investorideas.com - Gold Stocks Trading September 15th; Gold Rush is on for KINROSS (NYSE: KGC) (TSX: K)
Investorideas.com - Gold Stocks Trading September 15th; Gold Rush is on for KINROSS (NYSE: KGC) (TSX: K)
September 15, 2010 (Investorideas.com Mining stocks newswire) www.InvestorIdeas.com, and its mining stocks portals update investors following gold and mining stocks with a sector close-up for gold stocks for September 15th following gold reaching new all- time highs in yesterday’s trading.
Several of the leading gold stocks were down in morning trading, taking a pause from yesterday’s gold fever, while Kinross was up on news shareholders had approved the Red Back deal.
Kinross (TSX: K) (NYSE:KGC) News;(TSX: K)(NYSE:KGC) Shareholders Approve Red Back Combination
Red Back transaction creates new leader in gold growth with US$19-billion market capitalization
Read Full News: http://www.investorideas.com/news/mining/9155.asp
Gold/Mining Stocks Sector Close-up; Trading September 15 2010
AGNICO EAGLE MINES (NYSE: AEM) trading at $ 67.01, down USD 0.12 (0.18%)
ANGLOGOLD ASHANTI LT (NYSE: AU) trading at $ 44.78 USD down 1.94 (4.15%)
BARRICK GOLD CP (NYSE: ABX) trading at $ 45.15 USD, .down 0.07 (0.15%)
ELDORADO GOLD CORP (AMEX: EGO) trading at $19.7481 USD, down 0.1019 (0.51%)
GOLDCORP INC (NYSE: GG) trading at $ 42.65 USD, down 0.29 (0.69%)
KINROSS GOLD CP (NYSE: KGC) (TSX: K) trading at $ 17.60 USD, up 0.54 (3.17%)
NEW GOLD INC (AMEX: NGD) trading at $ 5.96 USD, down 0.09 (1.49%)
N EWMONT MINING CP (NYSE: NEM) trading at $ 62.35 USD, down 0.50 (0.80%)
Investorideas.com Showcase Mining Stocks: Trading mid-morning
AMI Resources Inc. (TSX.V: AMU) trading at $0.14 on 100,00 shares
Gold Bullion Development Corp. (TSX-V: GBB) trading at 0.61 CAD on over 800,000 shares
North Arrow Minerals Inc. (TSX-V: NAR) trading at 0.155 CAD
Soltera Mining Corp. (OTCPK: SLTA.; FRANKFURT: SN7) trading at 0.11 USD
Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF) trading at 0.07 CAD on over 197,000
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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 gold and mining companies in this article , news submissions and online advertising.
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September 15, 2010 (Investorideas.com Mining stocks newswire) www.InvestorIdeas.com, and its mining stocks portals update investors following gold and mining stocks with a sector close-up for gold stocks for September 15th following gold reaching new all- time highs in yesterday’s trading.
Several of the leading gold stocks were down in morning trading, taking a pause from yesterday’s gold fever, while Kinross was up on news shareholders had approved the Red Back deal.
Kinross (TSX: K) (NYSE:KGC) News;(TSX: K)(NYSE:KGC) Shareholders Approve Red Back Combination
Red Back transaction creates new leader in gold growth with US$19-billion market capitalization
Read Full News: http://www.investorideas.com/news/mining/9155.asp
Gold/Mining Stocks Sector Close-up; Trading September 15 2010
AGNICO EAGLE MINES (NYSE: AEM) trading at $ 67.01, down USD 0.12 (0.18%)
ANGLOGOLD ASHANTI LT (NYSE: AU) trading at $ 44.78 USD down 1.94 (4.15%)
BARRICK GOLD CP (NYSE: ABX) trading at $ 45.15 USD, .down 0.07 (0.15%)
ELDORADO GOLD CORP (AMEX: EGO) trading at $19.7481 USD, down 0.1019 (0.51%)
GOLDCORP INC (NYSE: GG) trading at $ 42.65 USD, down 0.29 (0.69%)
KINROSS GOLD CP (NYSE: KGC) (TSX: K) trading at $ 17.60 USD, up 0.54 (3.17%)
NEW GOLD INC (AMEX: NGD) trading at $ 5.96 USD, down 0.09 (1.49%)
N EWMONT MINING CP (NYSE: NEM) trading at $ 62.35 USD, down 0.50 (0.80%)
Investorideas.com Showcase Mining Stocks: Trading mid-morning
AMI Resources Inc. (TSX.V: AMU) trading at $0.14 on 100,00 shares
Gold Bullion Development Corp. (TSX-V: GBB) trading at 0.61 CAD on over 800,000 shares
North Arrow Minerals Inc. (TSX-V: NAR) trading at 0.155 CAD
Soltera Mining Corp. (OTCPK: SLTA.; FRANKFURT: SN7) trading at 0.11 USD
Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF) trading at 0.07 CAD on over 197,000
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Visit the news feed - Gold & Mining Stocks News at Investorideas.com
News and commentary from well known industry experts including Kitco and Doug Casey are featured in addition to news releases and press releases from publicly traded mining companies on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
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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 gold and mining companies in this article , news submissions and online advertising.
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Investorideas.com - Gold Stocks; Kinross (TSX:K)(NYSE:KGC) Shareholders Approve Red Back Combination
Investorideas.com - Gold Stocks; Kinross (TSX:K)(NYSE:KGC) Shareholders Approve Red Back Combination
Red Back transaction creates new leader in gold growth with US$19-billion market capitalization
TORONTO, ONTARIO - September 15, 2010 (Investorideas.com Mining stocks newswire, www.gold-miningstocks.com ) - Kinross Gold Corporation (TSX:K )(NYSE:KGC ) today announced that its shareholders have approved an ordinary resolution authorizing the issuance of Kinross common shares and common share purchase warrants (the "Shareholder Resolution") in connection with the previously announced arrangement involving Red Back Mining Inc. under the Canada Business Corporations Act (the "Arrangement").
The Shareholder Resolution was approved by approximately 66% of the votes cast by Kinross shareholders present in person or represented by proxy at the Kinross special meeting. The total votes cast represented approximately 70% of the Kinross' total issued and outstanding common shares. At a special meeting of Red Back shareholders also held today, the friendly combination with Kinross was approved by approximately 99% of the votes cast by Red Back shareholders present in person or represented by proxy.
"We are pleased by this strong vote of confidence from shareholders on the friendly combination with Red Back, which adds significantly to Kinross' production profile and creates a new leader in growth among senior gold producers," said President and CEO Tye Burt. Following closing of the Arrangement, Kinross will have a balanced portfolio of ten mines and five high quality growth projects, approximately 7,000 employees, and a market capitalization of approximately $19 billion(1). The addition of the Tasiast mine in Mauritania is expected to give Kinross one of the fastest-growing rates of production among senior gold producers between now and 2015.
Pursuant to the Arrangement, Kinross will acquire all of the issued and outstanding common shares of Red Back, other than those common shares currently held by Kinross and other than those common shares held by Red Back shareholders who properly exercise their dissent rights. Each Red Back common share will be acquired in exchange for 1.778 Kinross common shares plus 0.11 of a Kinross common share purchase warrant. Each whole warrant is exercisable for a period of four years following the completion of the Arrangement at an exercise price of US$21.30 per Kinross common share. The Kinross common shares and warrants issued in connection with the Arrangement are expected to be listed on the Toronto Stock Exchange within a week after closing.
Completion of the Arrangement remains subject to, among other things, the final approval of the Superior Court of British Columbia, which approval is expected on September 16, 2010. The closing date of the Arrangement is expected to occur on or about September 17, 2010, provided that all of the conditions of the Arrangement are satisfied or waived.
About Kinross Gold Corporation
Kinross is a Canadian-based gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Ecuador and Russia, and employs approximately 5,500 people worldwide.
Kinross' strategic focus is to maximize net asset value and cash flow per share through a four-point plan built on: delivering mine and financial performance; attracting and retaining the best people in the industry; achieving operating excellence through the "Kinross Way"; and delivering future value through profitable growth opportunities.
Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained or incorporated by reference in this news release, including any information as to the future performance of Kinross, constitute "forward-looking statements" within the meaning of applicable securities laws, including the provisions of the Securities Act (Ontario) and the provisions for "safe harbour" under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, without limitation, possible events, opportunities, statements with respect to possible events or opportunities, estimates and the realization of such estimates, and future development, mining activities and production. The words "plans", "expects", "subject to", "budget", "scheduled", "estimates", "forecasts", "opportunity", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "can", "could", "would", "should", "might", "will be taken", "become", "create", "occur", or "be achieved", 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 Kinross as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of Kinross underlying the forward-looking statements in this news release which may prove to be incorrect include, but are not limited to, the various assumptions set forth in the "Statements Regarding Forward-Looking Information" section of our Management Information Circular dated August 16, 2010 mailed to Kinross shareholders in connection with the Arrangement (as amended and supplemented, the "Circular"), as well as: (1) that Kinross will complete the Arrangement and the accuracy of management's assessment of the effects thereof; (2) the accuracy of Kinross' and Red Back's mineral reserve and mineral resource estimates; and (3) the viability of the Tasiast and Chirano mines, and the development and expansion of Tasiast and Chirano mines on a basis consistent with Kinross current expectations. Many of these uncertainties and contingencies can affect, and could cause, Kinross' actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Kinross. 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. All of the forward-looking statements made in this news release are qualified by these cautionary statements, and those made in our filings with the securities regulators of Canada and the U.S., including but not limited to those cautionary statements made in the "Risk Factors" section of our most recently filed Annual Information Form", and the "Statements Regarding Forward-Looking Information" and "Risk Factors" sections of the Circular, to which readers are referred and which are incorporated by reference in this news release, all of which qualify any and all forward-looking statements made in this news release. These factors are not intended to represent a complete list of the factors that could affect Kinross or the Arrangement or the resulting combined company. Kinross disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Other information
Where we say "we", "us", "our", the "Company", or "Kinross" in this news release, we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries, as may be applicable.
(1) Following closing of the arrangement, based on Kinross' closing share price on the NYSE on September 14, 2010.
www.kinross.com
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Red Back transaction creates new leader in gold growth with US$19-billion market capitalization
TORONTO, ONTARIO - September 15, 2010 (Investorideas.com Mining stocks newswire, www.gold-miningstocks.com ) - Kinross Gold Corporation (TSX:K )(NYSE:KGC ) today announced that its shareholders have approved an ordinary resolution authorizing the issuance of Kinross common shares and common share purchase warrants (the "Shareholder Resolution") in connection with the previously announced arrangement involving Red Back Mining Inc. under the Canada Business Corporations Act (the "Arrangement").
The Shareholder Resolution was approved by approximately 66% of the votes cast by Kinross shareholders present in person or represented by proxy at the Kinross special meeting. The total votes cast represented approximately 70% of the Kinross' total issued and outstanding common shares. At a special meeting of Red Back shareholders also held today, the friendly combination with Kinross was approved by approximately 99% of the votes cast by Red Back shareholders present in person or represented by proxy.
"We are pleased by this strong vote of confidence from shareholders on the friendly combination with Red Back, which adds significantly to Kinross' production profile and creates a new leader in growth among senior gold producers," said President and CEO Tye Burt. Following closing of the Arrangement, Kinross will have a balanced portfolio of ten mines and five high quality growth projects, approximately 7,000 employees, and a market capitalization of approximately $19 billion(1). The addition of the Tasiast mine in Mauritania is expected to give Kinross one of the fastest-growing rates of production among senior gold producers between now and 2015.
Pursuant to the Arrangement, Kinross will acquire all of the issued and outstanding common shares of Red Back, other than those common shares currently held by Kinross and other than those common shares held by Red Back shareholders who properly exercise their dissent rights. Each Red Back common share will be acquired in exchange for 1.778 Kinross common shares plus 0.11 of a Kinross common share purchase warrant. Each whole warrant is exercisable for a period of four years following the completion of the Arrangement at an exercise price of US$21.30 per Kinross common share. The Kinross common shares and warrants issued in connection with the Arrangement are expected to be listed on the Toronto Stock Exchange within a week after closing.
Completion of the Arrangement remains subject to, among other things, the final approval of the Superior Court of British Columbia, which approval is expected on September 16, 2010. The closing date of the Arrangement is expected to occur on or about September 17, 2010, provided that all of the conditions of the Arrangement are satisfied or waived.
About Kinross Gold Corporation
Kinross is a Canadian-based gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Ecuador and Russia, and employs approximately 5,500 people worldwide.
Kinross' strategic focus is to maximize net asset value and cash flow per share through a four-point plan built on: delivering mine and financial performance; attracting and retaining the best people in the industry; achieving operating excellence through the "Kinross Way"; and delivering future value through profitable growth opportunities.
Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained or incorporated by reference in this news release, including any information as to the future performance of Kinross, constitute "forward-looking statements" within the meaning of applicable securities laws, including the provisions of the Securities Act (Ontario) and the provisions for "safe harbour" under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, without limitation, possible events, opportunities, statements with respect to possible events or opportunities, estimates and the realization of such estimates, and future development, mining activities and production. The words "plans", "expects", "subject to", "budget", "scheduled", "estimates", "forecasts", "opportunity", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "can", "could", "would", "should", "might", "will be taken", "become", "create", "occur", or "be achieved", 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 Kinross as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The estimates and assumptions of Kinross underlying the forward-looking statements in this news release which may prove to be incorrect include, but are not limited to, the various assumptions set forth in the "Statements Regarding Forward-Looking Information" section of our Management Information Circular dated August 16, 2010 mailed to Kinross shareholders in connection with the Arrangement (as amended and supplemented, the "Circular"), as well as: (1) that Kinross will complete the Arrangement and the accuracy of management's assessment of the effects thereof; (2) the accuracy of Kinross' and Red Back's mineral reserve and mineral resource estimates; and (3) the viability of the Tasiast and Chirano mines, and the development and expansion of Tasiast and Chirano mines on a basis consistent with Kinross current expectations. Many of these uncertainties and contingencies can affect, and could cause, Kinross' actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Kinross. 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. All of the forward-looking statements made in this news release are qualified by these cautionary statements, and those made in our filings with the securities regulators of Canada and the U.S., including but not limited to those cautionary statements made in the "Risk Factors" section of our most recently filed Annual Information Form", and the "Statements Regarding Forward-Looking Information" and "Risk Factors" sections of the Circular, to which readers are referred and which are incorporated by reference in this news release, all of which qualify any and all forward-looking statements made in this news release. These factors are not intended to represent a complete list of the factors that could affect Kinross or the Arrangement or the resulting combined company. Kinross disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
Other information
Where we say "we", "us", "our", the "Company", or "Kinross" in this news release, we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries, as may be applicable.
(1) Following closing of the arrangement, based on Kinross' closing share price on the NYSE on September 14, 2010.
www.kinross.com
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Tuesday, September 14, 2010
Investorideas.com - Mining Stocks; Monument (TSX-V: MMY and FSE: D7Q1) Closes Famehub Exploration Land Acquisition in Malaysia
Investorideas.com - Mining Stocks; Monument (TSX-V: MMY and FSE: D7Q1) Closes Famehub Exploration Land Acquisition in Malaysia
Vancouver, B.C. - September 14, 2010 (www.Investorideas.com Mining stocks newswire) - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) "Monument" or the "Company" reports that following acceptance from TSX Venture Exchange and Board approval, it has closed the previously announced acquisition (the "Famehub Acquisition") of prospective exploration lands adjacent to its Selinsing Gold Mine (the "Famehub Property") and a corresponding data package.
Through its wholly owned subsidiary Damar Consolidated Exploration Sdn Bhd, the exploration arm of Monument's Malaysian group of companies, the Company acquired the Famehub Property by purchasing 100% of the issued and outstanding shares of Famehub Venture Sdn Bhd ("Famehub"), a company incorporated in Malaysia. Famehub has rights to approximately 32,000 acres of prospective exploration land to the north of Buffalo Reef along trend and east of the Selinsing gold mine. Famehub also owns a package of technical information and exploration database in respect to the subject property. The full purchase price for the Famehub Acquisition is $1.5 million in cash and 14 million common shares of the Company. The Company has started preparation to implement its exploration programs, targeting the consolidation of its Selinsing and Buffalo Reef properties together with t he Famehub Property around the newly constructed producing Selinsing gold mine in order to extend the life of the mine with increased resources nearby.
Snowden Consulting Group (Australia) has completed an independent technical report on Famehub Property. It is engaged in advising and reviewing the exploration programs of Damar as well as undertaking all of the QA/QC work on the programs. Snowden is also retained to produce an updated NI 43-101 report by the end of Calendar 2010.
Robert F. Baldock, President and CEOMonument Mining LimitedSuite 490- 688 West Hastings StreetVancouver B.C. Canada V6B 1P1
For further information contact:
Monument Mining Limited
Richard CushingInvestor Relations(Tel) +1 604 638 1661 ext. 102(Fax) +1 604 638 1663
rcushing@monumentmining.comwww.monumentmining.com
CHF Investor RelationsRobin CookSenior Account Manager(Tel) 1-416-868-1079 ext. 228
(Fax) 1-416-868-6198robin@chfir.comwww.chfir.com
Anne RobertAccount Manager(Tel) 1-514-880-0184(Fax) 1-416-868-6198anne@chfir.comwww.chfir.com
Axino AGWolfgang SeyboldPresident and CEO(Tel) +49 711 25 35 92 40(Fax) +49 711 25 35 92 55wolfgang.seybold@axino.dewww.axino.de
"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."
Forward-Looking Statement
This news release contains forward-looking statements about Monument Mining Limited ("Monument"), its business and future plans. Forward-looking statements are statements that are not historical facts and include the timing of the proposed programs and events. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to different materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation, uncertainty to the actual cost of the gravity circuit and the estimated cash flows which may be generated from the gravity circuit, the risk that the Selinsing Project will not be completed successfully or in a timely manner, general economic factors and other factors that may be beyond the control of Monument. Forward-looking statements are based upon the beliefs, opinions and expectations of the management of Monument at the time they are made and Monument does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations or circumstances should change.
More Info:
Published at www.Investorideas.com - Global research by sectors
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Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Vancouver, B.C. - September 14, 2010 (www.Investorideas.com Mining stocks newswire) - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) "Monument" or the "Company" reports that following acceptance from TSX Venture Exchange and Board approval, it has closed the previously announced acquisition (the "Famehub Acquisition") of prospective exploration lands adjacent to its Selinsing Gold Mine (the "Famehub Property") and a corresponding data package.
Through its wholly owned subsidiary Damar Consolidated Exploration Sdn Bhd, the exploration arm of Monument's Malaysian group of companies, the Company acquired the Famehub Property by purchasing 100% of the issued and outstanding shares of Famehub Venture Sdn Bhd ("Famehub"), a company incorporated in Malaysia. Famehub has rights to approximately 32,000 acres of prospective exploration land to the north of Buffalo Reef along trend and east of the Selinsing gold mine. Famehub also owns a package of technical information and exploration database in respect to the subject property. The full purchase price for the Famehub Acquisition is $1.5 million in cash and 14 million common shares of the Company. The Company has started preparation to implement its exploration programs, targeting the consolidation of its Selinsing and Buffalo Reef properties together with t he Famehub Property around the newly constructed producing Selinsing gold mine in order to extend the life of the mine with increased resources nearby.
Snowden Consulting Group (Australia) has completed an independent technical report on Famehub Property. It is engaged in advising and reviewing the exploration programs of Damar as well as undertaking all of the QA/QC work on the programs. Snowden is also retained to produce an updated NI 43-101 report by the end of Calendar 2010.
Robert F. Baldock, President and CEOMonument Mining LimitedSuite 490- 688 West Hastings StreetVancouver B.C. Canada V6B 1P1
For further information contact:
Monument Mining Limited
Richard CushingInvestor Relations(Tel) +1 604 638 1661 ext. 102(Fax) +1 604 638 1663
rcushing@monumentmining.comwww.monumentmining.com
CHF Investor RelationsRobin CookSenior Account Manager(Tel) 1-416-868-1079 ext. 228
(Fax) 1-416-868-6198robin@chfir.comwww.chfir.com
Anne RobertAccount Manager(Tel) 1-514-880-0184(Fax) 1-416-868-6198anne@chfir.comwww.chfir.com
Axino AGWolfgang SeyboldPresident and CEO(Tel) +49 711 25 35 92 40(Fax) +49 711 25 35 92 55wolfgang.seybold@axino.dewww.axino.de
"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."
Forward-Looking Statement
This news release contains forward-looking statements about Monument Mining Limited ("Monument"), its business and future plans. Forward-looking statements are statements that are not historical facts and include the timing of the proposed programs and events. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to different materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation, uncertainty to the actual cost of the gravity circuit and the estimated cash flows which may be generated from the gravity circuit, the risk that the Selinsing Project will not be completed successfully or in a timely manner, general economic factors and other factors that may be beyond the control of Monument. Forward-looking statements are based upon the beliefs, opinions and expectations of the management of Monument at the time they are made and Monument does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations or circumstances should change.
More Info:
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Monday, September 13, 2010
Investorideas.com - Kitcommentary from Kitco Metals Inc. - "Basel Rules. In More Ways Than One."
Investorideas.com - Kitcommentary from Kitco Metals Inc. - "Basel Rules. In More Ways Than One."
(Investorideas.com Mining stocks newswire, www.gold-miningstocks.com ) The Basel III accord struck a chord with investors during the late weekend hours and as the new trading week got underway this morning. Risk appetite was on the mend in Asian markets on Monday following the Basel Committee's announcement that new capital rules-albeit requiring more than double the level of minimum equity levels for institutions-were neither as stringent as anticipated, nor likely to be a reality across the board for some seven or eight years.
Under the new rules, the minimum capital requirements would jump from 2% to 4.5% and the total equity ratio would rise to 7% from its current 4%. The decision basically implies that many an Asian bank has nothing to worry about, and that many an Aussie bank has much more capital than will be required. Take ANZ for example, with a ratio of more than 11%, or Commonwealth Bank with a 10% ratio. Cheers, mates.
For those observers who are still writing dissertations intended to frighten people into mass hysteria about the future of global banking, ECB chief Jean-Claude Trichet had the following summation to deliver at the end of the Basel summit: "The agreements reached today are a fundamental strengthening of global capital standards. Their contribution to long-term financial stability and growth will be substantial. The transition arrangements will enable banks to meet the new standards while supporting the economic recovery." What do you want to bet that so-called ‘fiat currencies' are here to stay, along with the global banking system? Faites Vos Jeux accordingly. By the way, Mr. T is also confident that the Basel rules will be implemented in the US banking industry as well
The other item of import that drove risk appetite out of the cave of fear it went into, but not much out, of last week, was the weekend report that showed China's economy growing at 13.9% (!) in August. On top of that rate of growth, the country reported strong retail sales and an inflation rate of 3.5%; perhaps not enough to trigger a pre-emptive rate move on the part of local financial authorities.
Meanwhile, in Greece, no less of an authority than the Prime Minister promised more efforts to neutralize the threat of the country's default and assured his country's denizens that the imposition of fresh Spartan flavored belt-tightening measures might not be required if Greece ‘stays the course,' fiscally speaking.
The expected consequence of such gains in risk appetite also became manifest as the new week's New York metals trading sessions opened for business; gold took a safe-haven-on-the-wane-flavored price dip while industrial metals remained well-bid (with silver less so than platinum and palladium).
The opening signal had the yellow metal down $2.60 an ounce, at $1,244.10 and then slipping lower, to $1,240.10 per ounce in the first twenty minutes of action. The Kitco Gold Index was showing the precious metal turning less precious by $12.20 per ounce on account of predominant physical selling by funds, while the much weaker US dollar (which also fell victim to easing risk aversion) –trading at 82.24 on the index- was lending a $9.60-sized hand of support to prices.
Platinum remained relatively firm, showing a $9 gain at $1,549.00 while palladium also rose, adding $2 to start the session off at $520.00 the ounce. The noble metals continue to receive price support from the estimated loss of circa 1,000 ounces of platinum in daily output by the strike unfolding at producer Northam in South Africa.
Silver opened with a gain of one nickel, quoted at $19.93 but later turned to unchanged-to-down a penny (at $19.87) as the selling pressure from the gold pits spilled over into the white metal. Underscoring once again that the entrée of speculative funds has yielded mushrooming precious metals ETFs –and given rise to new risks in the marketplace- was the finding that the iShares Silver Trust outperformed its golden cousin (the GLD) by a factor of almost three, in August.
However, Ms. Catherine Raw, a portfolio manager at BlackRock Inc. opines that while it has become quite clear that the advent of such funds has lent a tremendous hand of support to silver prices, the same phenomenon poses a rising risk to same; precisely in the manner that the situation in the gold niche has morphed into. "Physically backed metals ETFs are a source of demand in the marketplace now," she noted. They could become a source of supply in the future."
Add to that, the observation by Morningstar ETF strategist Paul Justice that "it should be noted that silver isn't a foolproof inflation hedge," he wrote. "Unlike gold, silver has industrial applications, which means it's more likely to fluctuate with economic ups and downs."
Highlighting the similar, ETF-engendered paradigm in gold bullion, Waverly Advisors, in a September 3rd strategy note advised caution if gold prices rise to new highs and later show signs of weakness. "There will be many trapped bulls, and with the public increasingly involved in this market through ETFs such as SPDR Gold Shares, there could be a dramatic stampede for the exits," the investment firm said. We brought to your attention last week the fact that DailyFX strategists had found that a whopping 89% of the variance in the spot gold price is explained by variance in the holdings of the SPDR Goldshares ETF.'
Perhaps some of the above has led to a recent assessment of prices by the Economist Intelligence Unit (EIU) suggests that "predicting [gold] prices in the period ahead can be tricky business." According to the EIU report, expert sources in the international gold industry are exercising more than a hint of caution about future gold prices. The report says that "Phillip Gibb, manager of the 600 million pound Jupiter Absolute Return Fund, recently sold out his position in gold." One Seeking Alpha analyst tendered the assessment that "gold looks expensive relative to stocks and to agricultural commodities on a historical basis."
Expensive or not, history also however shows that keeping a core allocation in the yellow metal for a just-in-case eventuality is not only prudent, but perhaps absolutely essential. Not wearing a (golden) helmet while riding the wild investments bucking bronco has its risks as well, obviously. It just does not mean that the helmet has to be as large, or larger, than the rider, or –in some cases-the stallion.
Happy galloping over to the Kitco eConference this morning! Giddy up!
Jon NadlerSenior AnalystKitco Metals Inc.North AmericaUS & Canada Toll Free: 1 (877) 839-8036Websites: www.kitco.com and www.kitco.cnBlog: http://www.kitco.com/ind/index.html#nadlerE-mail: jnadler@kitco.com
More Info:
Published at www.Investorideas.com - Global research by sectors and www.gold-miningstocks.com
If you have any questions regarding information in this press release please contact the company listed in the press release.
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Disclaimer: The following news is published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
(Investorideas.com Mining stocks newswire, www.gold-miningstocks.com ) The Basel III accord struck a chord with investors during the late weekend hours and as the new trading week got underway this morning. Risk appetite was on the mend in Asian markets on Monday following the Basel Committee's announcement that new capital rules-albeit requiring more than double the level of minimum equity levels for institutions-were neither as stringent as anticipated, nor likely to be a reality across the board for some seven or eight years.
Under the new rules, the minimum capital requirements would jump from 2% to 4.5% and the total equity ratio would rise to 7% from its current 4%. The decision basically implies that many an Asian bank has nothing to worry about, and that many an Aussie bank has much more capital than will be required. Take ANZ for example, with a ratio of more than 11%, or Commonwealth Bank with a 10% ratio. Cheers, mates.
For those observers who are still writing dissertations intended to frighten people into mass hysteria about the future of global banking, ECB chief Jean-Claude Trichet had the following summation to deliver at the end of the Basel summit: "The agreements reached today are a fundamental strengthening of global capital standards. Their contribution to long-term financial stability and growth will be substantial. The transition arrangements will enable banks to meet the new standards while supporting the economic recovery." What do you want to bet that so-called ‘fiat currencies' are here to stay, along with the global banking system? Faites Vos Jeux accordingly. By the way, Mr. T is also confident that the Basel rules will be implemented in the US banking industry as well
The other item of import that drove risk appetite out of the cave of fear it went into, but not much out, of last week, was the weekend report that showed China's economy growing at 13.9% (!) in August. On top of that rate of growth, the country reported strong retail sales and an inflation rate of 3.5%; perhaps not enough to trigger a pre-emptive rate move on the part of local financial authorities.
Meanwhile, in Greece, no less of an authority than the Prime Minister promised more efforts to neutralize the threat of the country's default and assured his country's denizens that the imposition of fresh Spartan flavored belt-tightening measures might not be required if Greece ‘stays the course,' fiscally speaking.
The expected consequence of such gains in risk appetite also became manifest as the new week's New York metals trading sessions opened for business; gold took a safe-haven-on-the-wane-flavored price dip while industrial metals remained well-bid (with silver less so than platinum and palladium).
The opening signal had the yellow metal down $2.60 an ounce, at $1,244.10 and then slipping lower, to $1,240.10 per ounce in the first twenty minutes of action. The Kitco Gold Index was showing the precious metal turning less precious by $12.20 per ounce on account of predominant physical selling by funds, while the much weaker US dollar (which also fell victim to easing risk aversion) –trading at 82.24 on the index- was lending a $9.60-sized hand of support to prices.
Platinum remained relatively firm, showing a $9 gain at $1,549.00 while palladium also rose, adding $2 to start the session off at $520.00 the ounce. The noble metals continue to receive price support from the estimated loss of circa 1,000 ounces of platinum in daily output by the strike unfolding at producer Northam in South Africa.
Silver opened with a gain of one nickel, quoted at $19.93 but later turned to unchanged-to-down a penny (at $19.87) as the selling pressure from the gold pits spilled over into the white metal. Underscoring once again that the entrée of speculative funds has yielded mushrooming precious metals ETFs –and given rise to new risks in the marketplace- was the finding that the iShares Silver Trust outperformed its golden cousin (the GLD) by a factor of almost three, in August.
However, Ms. Catherine Raw, a portfolio manager at BlackRock Inc. opines that while it has become quite clear that the advent of such funds has lent a tremendous hand of support to silver prices, the same phenomenon poses a rising risk to same; precisely in the manner that the situation in the gold niche has morphed into. "Physically backed metals ETFs are a source of demand in the marketplace now," she noted. They could become a source of supply in the future."
Add to that, the observation by Morningstar ETF strategist Paul Justice that "it should be noted that silver isn't a foolproof inflation hedge," he wrote. "Unlike gold, silver has industrial applications, which means it's more likely to fluctuate with economic ups and downs."
Highlighting the similar, ETF-engendered paradigm in gold bullion, Waverly Advisors, in a September 3rd strategy note advised caution if gold prices rise to new highs and later show signs of weakness. "There will be many trapped bulls, and with the public increasingly involved in this market through ETFs such as SPDR Gold Shares, there could be a dramatic stampede for the exits," the investment firm said. We brought to your attention last week the fact that DailyFX strategists had found that a whopping 89% of the variance in the spot gold price is explained by variance in the holdings of the SPDR Goldshares ETF.'
Perhaps some of the above has led to a recent assessment of prices by the Economist Intelligence Unit (EIU) suggests that "predicting [gold] prices in the period ahead can be tricky business." According to the EIU report, expert sources in the international gold industry are exercising more than a hint of caution about future gold prices. The report says that "Phillip Gibb, manager of the 600 million pound Jupiter Absolute Return Fund, recently sold out his position in gold." One Seeking Alpha analyst tendered the assessment that "gold looks expensive relative to stocks and to agricultural commodities on a historical basis."
Expensive or not, history also however shows that keeping a core allocation in the yellow metal for a just-in-case eventuality is not only prudent, but perhaps absolutely essential. Not wearing a (golden) helmet while riding the wild investments bucking bronco has its risks as well, obviously. It just does not mean that the helmet has to be as large, or larger, than the rider, or –in some cases-the stallion.
Happy galloping over to the Kitco eConference this morning! Giddy up!
Jon NadlerSenior AnalystKitco Metals Inc.North AmericaUS & Canada Toll Free: 1 (877) 839-8036Websites: www.kitco.com and www.kitco.cnBlog: http://www.kitco.com/ind/index.html#nadlerE-mail: jnadler@kitco.com
More Info:
Published at www.Investorideas.com - Global research by sectors and www.gold-miningstocks.com
If you have any questions regarding information in this press release please contact the company listed in the press release.
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Disclaimer: The following news is published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Investorideas.com - Gold and Mining Stocks; Most Active OTCBB Traded Stocks ($0.50-$1.00): (ESPH, SILA, CMIN, TUFF)
Investorideas.com - Gold and Mining Stocks; Most Active OTCBB Traded Stocks ($0.50-$1.00): (ESPH, SILA, CMIN, TUFF)
Point Roberts, WA (Investorideas.com Newswire) September 13, 2010 - OTC VOLUME LEADERS reports on the most active trading stocks on the OTCBB. OTC Volume leaders ($0.50-$1.00) Ecosphere Technologies, Inc. (OTCBB: ESPH), Gold American Mining Corp. (OTCBB: SILA), Constitution Mining Corp. (OTCBB: CMIN), and Tuffnell Ltd. (OTCBB: TUFF).
OTC/Market Commentary:
One of the OTCBB volume leader reports; Recent News; "Tuffnell Ltd. (Tuffnell or "the Company") is pleased to announce that its corporate web site has been updated to reflect details of its High-Grade Gold and Copper intercepts at its little Butte Gold Project in Arizona. The project section now includes maps and documents setting out drill hole locations together with a cross section of drill hole LB1010. LB1010 contains 15 feet averaging 0.25 oz/ton gold between 20 and 35 feet and an additional 50 feet averaging 0.10 oz/ton between 45 and 95 feet. The gold intercepts include 5 feet averaging 0.59 oz/ton. In addition the hole contains 95 feet averaging 1.13% copper between 10 and 105 feet depth including 15 feet averaging 4.41% copper. The mineralization in LB1010 appears strong as evidenced by gold values up to 0.59 oz/ton over 5 feet and copper values as high as 7.63% over 5 feet."
Full Article: http://finance.yahoo.com/news/Tuffnell-Ltd-Announces-prnews-2910871253.html?x=0&.v=1
Market Snapshot: (at time of release)
Dow 10,516.99 +54.22 +0.52%
Nasdaq 2,277.85 +35.37 +1.58%
S&P 500 1,119.34 +9.79 +0.88%
10 Yr Bond(%) 2.7520% -0.4300
Oil 77.03 +0.58 +0.76%
Gold 1,246.00 +0.50 +0.04%
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Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Point Roberts, WA (Investorideas.com Newswire) September 13, 2010 - OTC VOLUME LEADERS reports on the most active trading stocks on the OTCBB. OTC Volume leaders ($0.50-$1.00) Ecosphere Technologies, Inc. (OTCBB: ESPH), Gold American Mining Corp. (OTCBB: SILA), Constitution Mining Corp. (OTCBB: CMIN), and Tuffnell Ltd. (OTCBB: TUFF).
OTC/Market Commentary:
One of the OTCBB volume leader reports; Recent News; "Tuffnell Ltd. (Tuffnell or "the Company") is pleased to announce that its corporate web site has been updated to reflect details of its High-Grade Gold and Copper intercepts at its little Butte Gold Project in Arizona. The project section now includes maps and documents setting out drill hole locations together with a cross section of drill hole LB1010. LB1010 contains 15 feet averaging 0.25 oz/ton gold between 20 and 35 feet and an additional 50 feet averaging 0.10 oz/ton between 45 and 95 feet. The gold intercepts include 5 feet averaging 0.59 oz/ton. In addition the hole contains 95 feet averaging 1.13% copper between 10 and 105 feet depth including 15 feet averaging 4.41% copper. The mineralization in LB1010 appears strong as evidenced by gold values up to 0.59 oz/ton over 5 feet and copper values as high as 7.63% over 5 feet."
Full Article: http://finance.yahoo.com/news/Tuffnell-Ltd-Announces-prnews-2910871253.html?x=0&.v=1
Market Snapshot: (at time of release)
Dow 10,516.99 +54.22 +0.52%
Nasdaq 2,277.85 +35.37 +1.58%
S&P 500 1,119.34 +9.79 +0.88%
10 Yr Bond(%) 2.7520% -0.4300
Oil 77.03 +0.58 +0.76%
Gold 1,246.00 +0.50 +0.04%
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Saturday, September 11, 2010
Gold and Mining Stocks Directory Update for September ; 1200 Listed Mining stocks on TSX, OTC, ASX, NASDAQ, NYSE and more
September 11, 2010 - www.InvestorIdeas.com, and its mining stocks portals http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/, update the mining stocks directory for September. The directory now includes over 1200 mining stocks listed on the TSX, OTC, ASX, NASDAQ, NYSE and other stock exchanges .
Directory Preeview :
A-Cap Resources (ASX:ACB.AX) is an exploration and mining company with focus on exploring its uranium prospects in Northern Botswana.
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).
Abbastar Resources Corp. (TSX:ABA.V) is an aggressive junior exploration company focused on identifying high potential gold deposits in politically stable, mining friendly districts. Abbastar's present focus is its high-grade Talbot Lake project, located within the world-renowned gold producing region, the Uchi Subprovince of North Western Ontario, Canada.
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.
Learn more about the directory
About our Mining Portals:
http://www.gold-miningstocks.com/ and http://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.
About InvestorIdeas.com:
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.
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research 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. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Directory Preeview :
A-Cap Resources (ASX:ACB.AX) is an exploration and mining company with focus on exploring its uranium prospects in Northern Botswana.
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).
Abbastar Resources Corp. (TSX:ABA.V) is an aggressive junior exploration company focused on identifying high potential gold deposits in politically stable, mining friendly districts. Abbastar's present focus is its high-grade Talbot Lake project, located within the world-renowned gold producing region, the Uchi Subprovince of North Western Ontario, Canada.
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.
Learn more about the directory
About our Mining Portals:
http://www.gold-miningstocks.com/ and http://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.
About InvestorIdeas.com:
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.
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research 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. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Friday, September 10, 2010
Investorideas.com - Gold Stocks; GOLD BULLION (TSX-V: GBB) GEOLOGICAL INTERPRETATION OF GRANADA GOLD PROPERTY
Investorideas.com - Gold Stocks; GOLD BULLION (TSX-V: GBB) GEOLOGICAL INTERPRETATION OF GRANADA GOLD PROPERTY
Vancouver - September 10 , 2010 (Investorideas.com Mining stocks Newswire) - Mr. Frank Basa reports: Gold Bullion Development Corp. (TSX-V: GBB) (the "Company" or "Gold Bullion") is very pleased to report that Phase 2 drilling at its Granada Gold Property has delivered the best near-surface assay result yet. In addition, the geological interpretation of the LONG Bars Zone - in particular the growing Eastern Extension where visible gold has been intersected within porphyry in numerous holes - is evolving after 18,000 metres of drilling the past four months. Gold Bullion is aggressively exploring Granada, located five kilometres south of Rouyn-Noranda in northwestern Quebec, as a potential open-pit deposit along the prolific "Cadillac Trend" where numerous multi-million ounce deposits have been discovered and developed.
GR-10-53, collared 88 metres southeast of recently reported GR-10-41 and near Pit #2 East, has intersected 68.3 metres of 2.16 g/t Au, including a high grade section of 4.60 g/t Au over 26 metres, within a wider near-surface interval of 110.5 metres (3.5 metres to 114 metres) grading 1.34 g/t Au. This hole was drilled perpendicular to Vein #2 and is believed to closely approximate true width. Alteration dominated by strong sericitization and silicification was encountered in this hole along with quartz veining and abundant pyrite. GR-10-53 is inside the LONG Bars Zone Preliminary Block Model which was outlined in detail in Gold Bullion's April 22, 2010, news release.
"We're elated with the way this major project is coming together and we're eagerly anticipating additional results," explains Gold Bullion President and CEO Frank Basa. "We're still in the early stages, strategically drilling for structure, and each and every hole is hitting mineralization and giving our geological team the critical information it needs in order to better understand the dynamics of this potentially large gold bearing system. We've already completed a large bulk sample which was extremely important in terms of quantifying grade. We've also now launched a Baseline Environmental Study and we're already examining the most efficient ways to potentially process Granada ore. We're on track to achieve our goal of building shareholder value by taking a fresh approach to this former producer and developing a potential world class open-pit deposit. Granada is surrounded by excellent infrastructure in one of the best jurisdictions there is for mining and exploration."
Granada is a sediment-hosted, structurally controlled vein-type deposit (quartz veins, veinlets, stockworks, breccias) that has been intruded by a series of syenite feldspar porphyry sills and dykes mineralized with finely disseminated pyrite and/or arsenopyrite. It is underlain by conglomerates and greywackes of the Archean Timiskaming group sediments and intruded by later syenite. These rocks appear to be intensely hydrothermally altered. The Cadillac Fault traverses the northern portion of the property and multiple spatially-related secondary faults have become areas of intense interest - GENIVAR, Gold Bullion's geological consultant, hypothesizes that these faults may have acted as permeable conduits for mineralizing fluids as higher grades at Granada appear to be concentrated in close proximity to these structures.
While results in the southern half of the Preliminary Block Model, near former producing Pits #2 West and #2 East, have been very encouraging to date, the northern half from the waste pile (immediately east of Pit #1) to the eastern boundary of the Preliminary Block Model has received only limited historical attention. A total of 15 holes (not including GR 10-33 and GR-10-41 which straddle the north-south boundary) have now been drilled east of the waste pile over the northern half of the Preliminary Block Model - a section that was not tested in Phase 1 drilling. Assay results are still pending on 14 of these holes but GR-10-47, one of the deepest holes drilled so far within the Preliminary Block Model, confirmed the presence of a northeasterly trending fault and returned 1.68 g/t Au over 28 metres (from 122 to 150 metres) within a wider envelope of 182 metres grading 0.44 g/t Au.
A large amount of rock is being removed from the 34,000 square metre waste pile which will allow for drilling of important targets there. GENIVAR reports that large porphyry intrusions cover much of the northern part of the waste pile. Northeasterly trending fault structures are also interpreted to run through the waste pile.
Assay results for three other holes within the Preliminary Block Model have been received. The best intercepts included 1.31 g/t Au over 11 metres in GR-10-32 and 1.16 g/t Au over 9.2 metres in GR-10-35.
Meanwhile, the LONG Bars Zone Eastern Extension, outside the Preliminary Block Model area, continues to grow and is of extreme interest. The total surface area drilled so far in the Eastern Extension is 450 metres north-south and 500 metres east-west. GENIVAR reports that visible gold and disseminated sulphides, along with large alteration zones, have been observed within the porphyry in numerous holes drilled since July in all directions (north, south, east and west) surrounding Phase 1 discovery hole GR-10-17. Assay results are still pending for these holes where mineralization was encountered near-surface and at depth. The fact that feldspar porphyry is hosting gold is an interesting development historically for Granada as a 2006 Technical Report on the Property stated that all economic mineralization at Granada was related to quartz veining.
Assay results are pending for seven holes drilled northwest of GR-10-17 in close proximity to a possible northeasterly trending fault. There were also very encouraging visual observations in a series of holes (assays pending) drilled east and southeast of GR-10-17. GENIVAR confirmed an extension to the LONG Bars Zone geological structure east of GR-10-17 after drilling was completed in GR-10-63, GR-10-65 and GR-10-73. GR-10-73 (collared 155 metres east of GR-10-17) and GR-10-78 (collared 250 metres east of GR-10-17) are the deepest holes drilled so far in the Eastern Extension as they each went to a vertical depth of 350 metres and encountered visible gold.
Of significant new interest is the southernmost hole drilled to date in the LONG Bars Zone, GR-10-86, which has intersected strong alteration and intrusive zones along with visible gold in two sections (in a brecciated quartz vein and also in feldspar porphyry) at different depths. Assays are pending on this hole which is interpreted to be a possible extension of Vein #2, 250 metres to the west-northwest. GENIVAR is plotting additional targets in the vicinity of GR-10-86.
Initial assay results from early Phase 2 drilling in June in the Eastern Extension have been received and confirm more near-surface mineralization.
GR-10-44, collared 100 metres southwest of GR-10-17, showed consistent mineralization throughout the length of the hole with the best intercept being 1.20 g/t Au over 41.5 metres (from 91.5 to 132.65 metres). GR-10-44 assayed 0.287 g/t Au over 237 metres.
GR-10-42, collared 50 metres west of GR-10-17, returned intersections of 1.45 g/t Au over 19 metres and 0.53 g/t Au over 96 metres (from 17 to 113.5 metres) within an overall interval of 249.6 metres grading 0.315 g/t Au. Highlights of five other holes included 1.97 g/t Au over 9 metres in GR-10-56 (from 23.74 to 32.74 metres) and 0.58 g/t Au over 20.9 metres in GR-10-46.
An updated drill map and assay results for all 18 Phase 2 holes drilled at Granada and received so far are available in the Phase 2 drilling section of the Company's web site, www.GoldBullionDevelopmentCorp.com.
All core is being logged and split on-site, and the Company has just recently contracted a third assay lab (ALS Chemex Labs in Val d'Or, Quebec) to expedite delivery of additional results. A total of 88 holes have been drilled in Phase 2 through September 8, with 2,000 metres remaining, so less than 20% of the assay results from this program have been received.
Gold Bullion is also very pleased to announce that it has just received a Testwork Study Report from Gekko Systems Ltd. of Victoria, Australia, regarding extensive metallurgical testing on Granada ore samples taken from the LONG Bars Zone Eastern Extension last May. The Company is reviewing this report and will release details shortly. Gekko Systems is an internationally recognized company that specializes in the design, development and distribution of innovative mineral processing equipment and systems with a particular focus on gravity separation.
Mineralization remains open in all directions at the nearly 5,000 hectare Granada Gold Property.
The NQ drill program and drill core sampling, including the quality assurance/quality control program, are supervised by GENIVAR, Gold Bullion's geological consultant. Assay results referred to in this news release are length-weighted average values and are believed by GENIVAR to closely approximate true widths. Core was sent to Laboratoire Expert in Rouyn-Noranda, Quebec and Swastika Laboratories in Swastika, Ontario for analysis. Gold and silver were assayed by fire assay with additional metallics analysis done on samples where visible gold was identified. Analytical accuracy and precision are monitored by the analysis of reagent blanks and reference materials at both labs. Quality control is further assured by the insertion of blind certified standard reference material and blanks into the sample stream at regular intervals by Gold Bullion and GENIVAR personnel in order to independently assess analytical accuracy.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX-V: GBB, OTC PK: GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
"Frank J. Basa"
Frank J. Basa, P.Eng.President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO: 1-416-625-2342Roger Thomas, Director: 1-613-292-2438
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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Vancouver - September 10 , 2010 (Investorideas.com Mining stocks Newswire) - Mr. Frank Basa reports: Gold Bullion Development Corp. (TSX-V: GBB) (the "Company" or "Gold Bullion") is very pleased to report that Phase 2 drilling at its Granada Gold Property has delivered the best near-surface assay result yet. In addition, the geological interpretation of the LONG Bars Zone - in particular the growing Eastern Extension where visible gold has been intersected within porphyry in numerous holes - is evolving after 18,000 metres of drilling the past four months. Gold Bullion is aggressively exploring Granada, located five kilometres south of Rouyn-Noranda in northwestern Quebec, as a potential open-pit deposit along the prolific "Cadillac Trend" where numerous multi-million ounce deposits have been discovered and developed.
GR-10-53, collared 88 metres southeast of recently reported GR-10-41 and near Pit #2 East, has intersected 68.3 metres of 2.16 g/t Au, including a high grade section of 4.60 g/t Au over 26 metres, within a wider near-surface interval of 110.5 metres (3.5 metres to 114 metres) grading 1.34 g/t Au. This hole was drilled perpendicular to Vein #2 and is believed to closely approximate true width. Alteration dominated by strong sericitization and silicification was encountered in this hole along with quartz veining and abundant pyrite. GR-10-53 is inside the LONG Bars Zone Preliminary Block Model which was outlined in detail in Gold Bullion's April 22, 2010, news release.
"We're elated with the way this major project is coming together and we're eagerly anticipating additional results," explains Gold Bullion President and CEO Frank Basa. "We're still in the early stages, strategically drilling for structure, and each and every hole is hitting mineralization and giving our geological team the critical information it needs in order to better understand the dynamics of this potentially large gold bearing system. We've already completed a large bulk sample which was extremely important in terms of quantifying grade. We've also now launched a Baseline Environmental Study and we're already examining the most efficient ways to potentially process Granada ore. We're on track to achieve our goal of building shareholder value by taking a fresh approach to this former producer and developing a potential world class open-pit deposit. Granada is surrounded by excellent infrastructure in one of the best jurisdictions there is for mining and exploration."
Granada is a sediment-hosted, structurally controlled vein-type deposit (quartz veins, veinlets, stockworks, breccias) that has been intruded by a series of syenite feldspar porphyry sills and dykes mineralized with finely disseminated pyrite and/or arsenopyrite. It is underlain by conglomerates and greywackes of the Archean Timiskaming group sediments and intruded by later syenite. These rocks appear to be intensely hydrothermally altered. The Cadillac Fault traverses the northern portion of the property and multiple spatially-related secondary faults have become areas of intense interest - GENIVAR, Gold Bullion's geological consultant, hypothesizes that these faults may have acted as permeable conduits for mineralizing fluids as higher grades at Granada appear to be concentrated in close proximity to these structures.
While results in the southern half of the Preliminary Block Model, near former producing Pits #2 West and #2 East, have been very encouraging to date, the northern half from the waste pile (immediately east of Pit #1) to the eastern boundary of the Preliminary Block Model has received only limited historical attention. A total of 15 holes (not including GR 10-33 and GR-10-41 which straddle the north-south boundary) have now been drilled east of the waste pile over the northern half of the Preliminary Block Model - a section that was not tested in Phase 1 drilling. Assay results are still pending on 14 of these holes but GR-10-47, one of the deepest holes drilled so far within the Preliminary Block Model, confirmed the presence of a northeasterly trending fault and returned 1.68 g/t Au over 28 metres (from 122 to 150 metres) within a wider envelope of 182 metres grading 0.44 g/t Au.
A large amount of rock is being removed from the 34,000 square metre waste pile which will allow for drilling of important targets there. GENIVAR reports that large porphyry intrusions cover much of the northern part of the waste pile. Northeasterly trending fault structures are also interpreted to run through the waste pile.
Assay results for three other holes within the Preliminary Block Model have been received. The best intercepts included 1.31 g/t Au over 11 metres in GR-10-32 and 1.16 g/t Au over 9.2 metres in GR-10-35.
Meanwhile, the LONG Bars Zone Eastern Extension, outside the Preliminary Block Model area, continues to grow and is of extreme interest. The total surface area drilled so far in the Eastern Extension is 450 metres north-south and 500 metres east-west. GENIVAR reports that visible gold and disseminated sulphides, along with large alteration zones, have been observed within the porphyry in numerous holes drilled since July in all directions (north, south, east and west) surrounding Phase 1 discovery hole GR-10-17. Assay results are still pending for these holes where mineralization was encountered near-surface and at depth. The fact that feldspar porphyry is hosting gold is an interesting development historically for Granada as a 2006 Technical Report on the Property stated that all economic mineralization at Granada was related to quartz veining.
Assay results are pending for seven holes drilled northwest of GR-10-17 in close proximity to a possible northeasterly trending fault. There were also very encouraging visual observations in a series of holes (assays pending) drilled east and southeast of GR-10-17. GENIVAR confirmed an extension to the LONG Bars Zone geological structure east of GR-10-17 after drilling was completed in GR-10-63, GR-10-65 and GR-10-73. GR-10-73 (collared 155 metres east of GR-10-17) and GR-10-78 (collared 250 metres east of GR-10-17) are the deepest holes drilled so far in the Eastern Extension as they each went to a vertical depth of 350 metres and encountered visible gold.
Of significant new interest is the southernmost hole drilled to date in the LONG Bars Zone, GR-10-86, which has intersected strong alteration and intrusive zones along with visible gold in two sections (in a brecciated quartz vein and also in feldspar porphyry) at different depths. Assays are pending on this hole which is interpreted to be a possible extension of Vein #2, 250 metres to the west-northwest. GENIVAR is plotting additional targets in the vicinity of GR-10-86.
Initial assay results from early Phase 2 drilling in June in the Eastern Extension have been received and confirm more near-surface mineralization.
GR-10-44, collared 100 metres southwest of GR-10-17, showed consistent mineralization throughout the length of the hole with the best intercept being 1.20 g/t Au over 41.5 metres (from 91.5 to 132.65 metres). GR-10-44 assayed 0.287 g/t Au over 237 metres.
GR-10-42, collared 50 metres west of GR-10-17, returned intersections of 1.45 g/t Au over 19 metres and 0.53 g/t Au over 96 metres (from 17 to 113.5 metres) within an overall interval of 249.6 metres grading 0.315 g/t Au. Highlights of five other holes included 1.97 g/t Au over 9 metres in GR-10-56 (from 23.74 to 32.74 metres) and 0.58 g/t Au over 20.9 metres in GR-10-46.
An updated drill map and assay results for all 18 Phase 2 holes drilled at Granada and received so far are available in the Phase 2 drilling section of the Company's web site, www.GoldBullionDevelopmentCorp.com.
All core is being logged and split on-site, and the Company has just recently contracted a third assay lab (ALS Chemex Labs in Val d'Or, Quebec) to expedite delivery of additional results. A total of 88 holes have been drilled in Phase 2 through September 8, with 2,000 metres remaining, so less than 20% of the assay results from this program have been received.
Gold Bullion is also very pleased to announce that it has just received a Testwork Study Report from Gekko Systems Ltd. of Victoria, Australia, regarding extensive metallurgical testing on Granada ore samples taken from the LONG Bars Zone Eastern Extension last May. The Company is reviewing this report and will release details shortly. Gekko Systems is an internationally recognized company that specializes in the design, development and distribution of innovative mineral processing equipment and systems with a particular focus on gravity separation.
Mineralization remains open in all directions at the nearly 5,000 hectare Granada Gold Property.
The NQ drill program and drill core sampling, including the quality assurance/quality control program, are supervised by GENIVAR, Gold Bullion's geological consultant. Assay results referred to in this news release are length-weighted average values and are believed by GENIVAR to closely approximate true widths. Core was sent to Laboratoire Expert in Rouyn-Noranda, Quebec and Swastika Laboratories in Swastika, Ontario for analysis. Gold and silver were assayed by fire assay with additional metallics analysis done on samples where visible gold was identified. Analytical accuracy and precision are monitored by the analysis of reagent blanks and reference materials at both labs. Quality control is further assured by the insertion of blind certified standard reference material and blanks into the sample stream at regular intervals by Gold Bullion and GENIVAR personnel in order to independently assess analytical accuracy.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX-V: GBB, OTC PK: GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
"Frank J. Basa"
Frank J. Basa, P.Eng.President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO: 1-416-625-2342Roger Thomas, Director: 1-613-292-2438
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Visit the GBB showcase profile at Investorideas.com Request News and Info on GBB Disclosure, Disclaimer/
GBB is a paid advertising client on Investorideas.com and our mining portals( five hundred)
If you have any questions regarding information in this press release please contact the company listed in the press release.
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. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Wednesday, September 08, 2010
Investorideas.com Reports on the Pulse of Investor Relations; Is there a Pulse?
Investorideas.com Reports on the Pulse of Investor Relations; Is there a Pulse?
Does anyone answer their phone?
September 8, 2010 (Investorideas.com Newswire) Investor Ideas, an investment research portal specialized in sector research, has recently reported on the pulse of the economy from the perspective of a small business owner in the financial markets.
Investorideas.com specializes in sector research and creates a meeting place for investors, public companies and industry leaders. As a result, the site provides direct feedback within sectors and industry participants.
“We collect a lot of our data online from site feedback – but we also reach out to the industry by phone on an ongoing basis. What we find in terms of productivity – in terms of public companies it is really rare for the Investor Relations contacts to actually answer phones. We mostly get voice mails if we call out. When investor confidence is at all time lows – is that really a way to inspire confidence? And this is not just the small cap companies – in fact the larger the company the less likely you are to get human contact” notes Investorideas.com President Dawn Van Zant.
“Our site builds on the online presence for companies within their sector, but there is no replacement for actually speaking to a person, and in particular – one who is knowledgeable about the company. Today I called twenty companies and only got a hold of one person who was actually the CEO of a small mining company. “
To quote my favorite musical artist- BRUCE SPRINGSTEEN and his hit song, "Radio Nowhere"
“I was spinnin' 'round a dead dial
Just another lost number in a file
Dancin' down a dark hole
Just searchin' for a world with some soul
This is radio nowhere, is there anybody alive out there?
This is radio nowhere, is there anybody alive out there?
Is there anybody alive out there? “
“If the market is to thrive and the economy, productivity is key – but so is the ultimate of social networking – human contact. I suggest we start talking to each other again to get things done.”
Investorideas.com covers over twenty leading investment sectors including mining and gold stocks and was one of the first investor research portals covering water, renewable energy and Homeland Security.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing, covering leading industry sectors including mining and gold stocks, in addition to global markets including China, India, the Middle East and Australia. Investorideas.com is known for its comprehensive stock directories in each sector and sector specific newswires.
Sign up for free investor newsletters and stock alerts at Investorideas.com
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
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/
and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research 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. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Does anyone answer their phone?
September 8, 2010 (Investorideas.com Newswire) Investor Ideas, an investment research portal specialized in sector research, has recently reported on the pulse of the economy from the perspective of a small business owner in the financial markets.
Investorideas.com specializes in sector research and creates a meeting place for investors, public companies and industry leaders. As a result, the site provides direct feedback within sectors and industry participants.
“We collect a lot of our data online from site feedback – but we also reach out to the industry by phone on an ongoing basis. What we find in terms of productivity – in terms of public companies it is really rare for the Investor Relations contacts to actually answer phones. We mostly get voice mails if we call out. When investor confidence is at all time lows – is that really a way to inspire confidence? And this is not just the small cap companies – in fact the larger the company the less likely you are to get human contact” notes Investorideas.com President Dawn Van Zant.
“Our site builds on the online presence for companies within their sector, but there is no replacement for actually speaking to a person, and in particular – one who is knowledgeable about the company. Today I called twenty companies and only got a hold of one person who was actually the CEO of a small mining company. “
To quote my favorite musical artist- BRUCE SPRINGSTEEN and his hit song, "Radio Nowhere"
“I was spinnin' 'round a dead dial
Just another lost number in a file
Dancin' down a dark hole
Just searchin' for a world with some soul
This is radio nowhere, is there anybody alive out there?
This is radio nowhere, is there anybody alive out there?
Is there anybody alive out there? “
“If the market is to thrive and the economy, productivity is key – but so is the ultimate of social networking – human contact. I suggest we start talking to each other again to get things done.”
Investorideas.com covers over twenty leading investment sectors including mining and gold stocks and was one of the first investor research portals covering water, renewable energy and Homeland Security.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing, covering leading industry sectors including mining and gold stocks, in addition to global markets including China, India, the Middle East and Australia. Investorideas.com is known for its comprehensive stock directories in each sector and sector specific newswires.
Sign up for free investor newsletters and stock alerts at Investorideas.com
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
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/
and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research 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. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investorideas.com - Mining Stocks; OTCVolumeLeaders.com; ($0.14-$0.25): (OTCBB: LBSR), (OTCBB: SFMI), (OTCBB: HDVY), (OTCBB: BKBO)
Investorideas.com - Mining Stocks; OTCVolumeLeaders.com; ($0.14-$0.25): (OTCBB: LBSR), (OTCBB: SFMI), (OTCBB: HDVY), (OTCBB: BKBO)
www.otcvolumeleaders.com
Point Roberts, WA (Investorideas.com Newswire) September 8, 2010 - OTC VOLUME LEADERS reports on the most active trading stocks on the OTCBB. OTC Volume leaders ($0.14-$0.25) include Liberty Star Uranium & Metals Corp. (OTCBB: LBSR), Silver Falcon Mining, Inc. (OTCBB: SFMI), Health Discovery Corp. (OTCBB: HDVY), and Bakbone Software Inc. (OTCBB: BKBO).
OTC/Market Commentary:
Sectors include Mining Stocks
One of the OTCBB volume leaders; Liberty Star Uranium & Metals Corp. (OTCBB: LBSR); "Liberty Star Uranium & Metals Corp. engages in the acquisition and exploration of mineral properties in Arizona and Alaska. It holds interests in North Pipes Super Project with 1,757 Federal lode mining claims in northern Arizona on the Arizona Strip; Big Chunk Super Project with 707 mineral claims in the Iliamna region of southwestern Alaska; and Bonanza Hills Project with 56 mineral claims in the Iliamna region of southwestern Alaska. The company focuses on the exploration of uranium, copper, gold, molybdenum, silver, and zinc properties. Liberty Star Uranium & Metals Corp. was founded in 2001 and is based in Tucson, Arizona."
Market Snapshot: (at time of release)
Dow 10,414.33 +73.64 +0.71%
Nasdaq 2,235.14 +26.25 +1.19%
S&P 500 1,101.60 +9.76 +0.89%
10 Yr Bond(%) 2.6680% +0.5900
Oil 74.97 +0.88 +1.19%
Gold 1,257.00 -0.30 -0.02%
OTCBB Investors: Take the few minutes to register with us at To sign up for free Newsletter http://bit.ly/otcvolumeleaders and get access to info on hundreds of the most active OTCBB companies and keep up to date with developments of the companies.
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OTC VOLUME LEADERS provides investors with daily market updates showcasing the most actively traded OTCBB Companies. We strive to provide you with the most up-to-date market information and activity by searching through hundreds of OTCBB companies in order to provide you information on the best of these companies. The goal is to continually find tomorrow’s market leading companies, today!
OTCVolumeleaders.com has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks.
Please view the full disclaimer: http://www.otcvolumeleaders.com/Source http://www.otcvolumeleaders.com/
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Visit the OTC showcase profile at Investorideas.com Request News and Info on OTC Disclosure, Disclaimer/ OTC is a paid advertising client on Investorideas.com.
More Info:
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
www.otcvolumeleaders.com
Point Roberts, WA (Investorideas.com Newswire) September 8, 2010 - OTC VOLUME LEADERS reports on the most active trading stocks on the OTCBB. OTC Volume leaders ($0.14-$0.25) include Liberty Star Uranium & Metals Corp. (OTCBB: LBSR), Silver Falcon Mining, Inc. (OTCBB: SFMI), Health Discovery Corp. (OTCBB: HDVY), and Bakbone Software Inc. (OTCBB: BKBO).
OTC/Market Commentary:
Sectors include Mining Stocks
One of the OTCBB volume leaders; Liberty Star Uranium & Metals Corp. (OTCBB: LBSR); "Liberty Star Uranium & Metals Corp. engages in the acquisition and exploration of mineral properties in Arizona and Alaska. It holds interests in North Pipes Super Project with 1,757 Federal lode mining claims in northern Arizona on the Arizona Strip; Big Chunk Super Project with 707 mineral claims in the Iliamna region of southwestern Alaska; and Bonanza Hills Project with 56 mineral claims in the Iliamna region of southwestern Alaska. The company focuses on the exploration of uranium, copper, gold, molybdenum, silver, and zinc properties. Liberty Star Uranium & Metals Corp. was founded in 2001 and is based in Tucson, Arizona."
Market Snapshot: (at time of release)
Dow 10,414.33 +73.64 +0.71%
Nasdaq 2,235.14 +26.25 +1.19%
S&P 500 1,101.60 +9.76 +0.89%
10 Yr Bond(%) 2.6680% +0.5900
Oil 74.97 +0.88 +1.19%
Gold 1,257.00 -0.30 -0.02%
OTCBB Investors: Take the few minutes to register with us at To sign up for free Newsletter http://bit.ly/otcvolumeleaders and get access to info on hundreds of the most active OTCBB companies and keep up to date with developments of the companies.
Sign up for Tomorrows Hot OTC Market Leaders Today!http://bit.ly/otcvolumeleaders
OTC VOLUME LEADERS provides investors with daily market updates showcasing the most actively traded OTCBB Companies. We strive to provide you with the most up-to-date market information and activity by searching through hundreds of OTCBB companies in order to provide you information on the best of these companies. The goal is to continually find tomorrow’s market leading companies, today!
OTCVolumeleaders.com has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks.
Please view the full disclaimer: http://www.otcvolumeleaders.com/Source http://www.otcvolumeleaders.com/
Follow OTC Volume Leaders on Twitter.com http://twitter.com/OTCVolumeLeader
Visit the OTC showcase profile at Investorideas.com Request News and Info on OTC Disclosure, Disclaimer/ OTC is a paid advertising client on Investorideas.com.
More Info:
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Investorideas.com - Gold Stocks; GOLD BULLION (TSX-V: GBB) LAUNCHES BASELINE ENVIRONMENTAL STUDY FOR GRANADA GOLD PROPERTY
Investorideas.com - Gold Stocks; GOLD BULLION (TSX-V: GBB) LAUNCHES BASELINE ENVIRONMENTAL STUDY FOR GRANADA GOLD PROPERTY
Vancouver - September 8 , 2010 (Investorideas.com Mining stocks Newswire) - Mr. Frank Basa reports: Gold Bullion Development Corp. (TSX-V: GBB) (the "Company" or "Gold Bullion") is pleased to report that GENIVAR, its geological consultant and a leading Canadian engineering firm with operations worldwide, has commenced a Baseline Environmental Study for the Granada Gold Property. Gold Bullion, which will be releasing a LONG Bars Zone exploration update and additional drill results this week, is aggressively exploring Granada, located five kilometers south of Rouyn-Noranda in northwestern Quebec, as a potential near-surface deposit along the prolific "Cadillac Trend" where numerous multi-million ounce deposits have been discovered and developed.
Visit this company: www.goldbulliondevelopmentcorp.com
GENIVAR has assembled a field crew of one environmental expert and two technicians specializing in biology for the Baseline Environmental Study. Their work in the LONG Bars Zone begins shortly, within the next two weeks, and is expected to conclude by early December. They will be joined by two hydrogeological experts who will be producing a separate hydrogeological study. Both reports are expected to be completed by the spring of next year.
"We're moving the Granada project forward at all levels and this is another milestone for our Company as it represents the first step before potentially proceeding with a full Environmental Impact Study," states Frank Basa, Gold Bullion's President and CEO. "We are strategically advancing our core asset and aggressively and systematically moving toward our goal of defining an open-pit deposit at Granada. We are actively engaged in planning an exciting future for this Company to maximize shareholder value."
As part of the Closure Plan for the former Granada Mine operations, Gold Bullion has asked the Quebec Ministry of Durable Development, Environment and Parks (MDDEP) to withdraw the previous Certificate of Mining for Granada as the Company expects to apply for a new Certificate of Mining in accordance with its larger scale development plans for the property. Gold Bullion's total Granada land package, 100% controlled by the Company, comprises 4,893 hectares including two mining leases.
With 4,500 employees and projects in more than 35 countries, GENIVAR is a leading Canadian engineering consulting company with 50 years' experience providing private and public sector clients with a complete line of professional services during all project phases, including planning, design, construction and maintenance.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX-V: GBB, OTC PK: GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
"Frank J. Basa"
Frank J. Basa, P.Eng.President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO: 1-416-625-2342Roger Thomas, Director: 1-613-292-2438
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Visit the GBB showcase profile at Investorideas.com Request News and Info on GBB Disclosure, Disclaimer/ GBB is a paid advertising client on Investorideas.com and our mining portals.
More Info:
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Vancouver - September 8 , 2010 (Investorideas.com Mining stocks Newswire) - Mr. Frank Basa reports: Gold Bullion Development Corp. (TSX-V: GBB) (the "Company" or "Gold Bullion") is pleased to report that GENIVAR, its geological consultant and a leading Canadian engineering firm with operations worldwide, has commenced a Baseline Environmental Study for the Granada Gold Property. Gold Bullion, which will be releasing a LONG Bars Zone exploration update and additional drill results this week, is aggressively exploring Granada, located five kilometers south of Rouyn-Noranda in northwestern Quebec, as a potential near-surface deposit along the prolific "Cadillac Trend" where numerous multi-million ounce deposits have been discovered and developed.
Visit this company: www.goldbulliondevelopmentcorp.com
GENIVAR has assembled a field crew of one environmental expert and two technicians specializing in biology for the Baseline Environmental Study. Their work in the LONG Bars Zone begins shortly, within the next two weeks, and is expected to conclude by early December. They will be joined by two hydrogeological experts who will be producing a separate hydrogeological study. Both reports are expected to be completed by the spring of next year.
"We're moving the Granada project forward at all levels and this is another milestone for our Company as it represents the first step before potentially proceeding with a full Environmental Impact Study," states Frank Basa, Gold Bullion's President and CEO. "We are strategically advancing our core asset and aggressively and systematically moving toward our goal of defining an open-pit deposit at Granada. We are actively engaged in planning an exciting future for this Company to maximize shareholder value."
As part of the Closure Plan for the former Granada Mine operations, Gold Bullion has asked the Quebec Ministry of Durable Development, Environment and Parks (MDDEP) to withdraw the previous Certificate of Mining for Granada as the Company expects to apply for a new Certificate of Mining in accordance with its larger scale development plans for the property. Gold Bullion's total Granada land package, 100% controlled by the Company, comprises 4,893 hectares including two mining leases.
With 4,500 employees and projects in more than 35 countries, GENIVAR is a leading Canadian engineering consulting company with 50 years' experience providing private and public sector clients with a complete line of professional services during all project phases, including planning, design, construction and maintenance.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX-V: GBB, OTC PK: GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
"Frank J. Basa"
Frank J. Basa, P.Eng.President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO: 1-416-625-2342Roger Thomas, Director: 1-613-292-2438
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Visit the GBB showcase profile at Investorideas.com Request News and Info on GBB Disclosure, Disclaimer/ GBB is a paid advertising client on Investorideas.com and our mining portals.
More Info:
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Tuesday, September 07, 2010
Investorideas.com - Gold/Mining Stocks; OTCVolumeLeaders.com Most active OTCBB Stocks ($0.50-$1.00): (SWKH, RMCP, MNEAF, SILA)
Investorideas.com - Gold/Mining Stocks; OTCVolumeLeaders.com Most active OTCBB Stocks ($0.50-$1.00): (SWKH, RMCP, MNEAF, SILA)
Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) September 7, 2010 - OTC VOLUME LEADERS reports on the most active trading stocks on the OTCBB. OTC Volume leaders ($0.50-$1.00) include SWK Holdings Corporation (OTCBB: SWKH), Revolutions Medical Corporation (OTCBB: RMCP), Minera Andes Inc. (OTCBB: MNEAF), and Gold American Mining Corp. (OTCBB: SILA).
Sign up for Tomorrows Hot OTC Market Leaders Today!http://bit.ly/otcvolumeleaders
OTC/Market Commentary: Gold Stocks
One of the OTCBB volume leader reports; Recent News; "Gold American Mining Corp. ("Gold American" and/or "the Company") is pleased to report that its Board of Directors has approved the initiation of the first phase of field operations at its La Escondida Project in Sonora State, Mexico.
Gold American has completed the initial evaluation of all historical data on the La Escondida property and has decided to move forwards with its first phase of exploration. This phase will consist of detailed sampling within the mineralized zones, mapping, and a structural evaluation of the area. Subject to the results of this phase, the Company will decide to proceed with the second phase, which would consist of a comprehensive geophysics program of the property."
Market Snapshot: (at time of release)
Dow 10,362.33 -85.60 -0.82%
Nasdaq 2,213.57 -20.18 -0.90%
S&P 500 1,094.79 -9.72 -0.88%
10 Yr Bond(%) 2.6390% -0.6700
Oil 73.56 -1.04 -1.39%
Gold 1,249.20 0.00 0.00%
OTCBB Investors: Take the few minutes to register with us at To sign up for free Newsletter http://bit.ly/otcvolumeleaders and get access to info on hundreds of the most active OTCBB companies and keep up to date with developments of the companies.
OTC VOLUME LEADERS provides investors with daily market updates showcasing the most actively traded OTCBB Companies. We strive to provide you with the most up-to-date market information and activity by searching through hundreds of OTCBB companies in order to provide you information on the best of these companies. The goal is to continually find tomorrow’s market leading companies, today!
Sign up at OTC Volume leaders and get access to info on hundreds of the most active OTCBB companies by clicking the sign up link belowhttp://bit.ly/otcvolumeleaders
OTCVolumeleaders.com has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks.
Please view the full disclaimer: http://www.otcvolumeleaders.com/Source http://www.otcvolumeleaders.com/
Follow OTC Volume Leaders on Twitter.com http://twitter.com/OTCVolumeLeader
Visit the OTC showcase profile at Investorideas.com Request News and Info on OTC Disclosure, Disclaimer/ OTC is a paid advertising client on Investorideas.com.
More Info:
Published at www.Investorideas.com - Global research by sectors
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Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) September 7, 2010 - OTC VOLUME LEADERS reports on the most active trading stocks on the OTCBB. OTC Volume leaders ($0.50-$1.00) include SWK Holdings Corporation (OTCBB: SWKH), Revolutions Medical Corporation (OTCBB: RMCP), Minera Andes Inc. (OTCBB: MNEAF), and Gold American Mining Corp. (OTCBB: SILA).
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OTC/Market Commentary: Gold Stocks
One of the OTCBB volume leader reports; Recent News; "Gold American Mining Corp. ("Gold American" and/or "the Company") is pleased to report that its Board of Directors has approved the initiation of the first phase of field operations at its La Escondida Project in Sonora State, Mexico.
Gold American has completed the initial evaluation of all historical data on the La Escondida property and has decided to move forwards with its first phase of exploration. This phase will consist of detailed sampling within the mineralized zones, mapping, and a structural evaluation of the area. Subject to the results of this phase, the Company will decide to proceed with the second phase, which would consist of a comprehensive geophysics program of the property."
Market Snapshot: (at time of release)
Dow 10,362.33 -85.60 -0.82%
Nasdaq 2,213.57 -20.18 -0.90%
S&P 500 1,094.79 -9.72 -0.88%
10 Yr Bond(%) 2.6390% -0.6700
Oil 73.56 -1.04 -1.39%
Gold 1,249.20 0.00 0.00%
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Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
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