Wednesday, September 22, 2010

Mining Stocks News; AM Gold Inc. Announces Red Mountain Property Purchase Agreement/Shares for Debt Settlement with Solitaire Minerals Corp.

Mining Stocks News; AM Gold Inc. Announces Red Mountain Property Purchase Agreement/Shares for Debt Settlement with Solitaire Minerals Corp.

Addition to Board of Directors and Appointment of CEO/Setting of Options


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/  Gold and Mining stocks blog) - Sept. 22, 2010 - AM Gold Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) ("AM Gold" or the "Company") is pleased to announce that it has received TSX Venture Exchange approval of its purchase agreement for 100% ownership of its Red Mountain property as announced by press release on August 23, 2010.


The Company further wishes to announce that it has received TSX Venture Exchange approval of its shares for debt settlement with Solitaire Minerals Corp. ("Solitaire") as announced in its August 31, 2010 press release, and has issued 571,428 common shares issued at $0.35 per share to Solitaire in settlement of $200,000 worth of debt thereby extinguishing the Company's debt with Solitaire in full.


The Company is also pleased to announce that Mr. John Fiorino has been appointed to the Company's Board of Directors increasing the size of the Board of Directors to 8. The Company further announces that Mr. Fiorino has been appointed as CEO.
Mr. Fiorino currently sits on the board of several private companies and is currently the President/CEO of Infinite Merchant Solutions Inc. As a financier, businessman, investor and consultant with over 15 years experience in assisting private and public companies with corporate operations, capital development, financing and strategic advisory services, he has concluded mining transactions involving gold and other commodities in Africa and North and South America. Mr. Fiorino has been instrumental in the restructuring and recapitalization of AM Gold.


Mr. Aberle remains with the Company as a Director and Chief Operating Officer.
In addition, the Company further wishes to announce that it will grant up to 500,000 common shares pursuant to incentive stock options for granting to certain of its directors and employees under the Company's Rolling Stock Option Plan, which Plan received shareholder approval at the Company's last Annual General Meeting held September 21, 2010. The options will be granted at the exercise price of $0.47 per share for a five year period, subject to TSX Venture Exchange approval.
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.


On behalf of the Board:
Michael C. Scholz, Chairman and Director
AM GOLD INC.
This news release has been prepared by management. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbor.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact
Progressive IR Consultants Corporation
David Yeager
604-689-2881
david@amgold.ca
www.amgold.ca


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Mining Stocks News; Constitution Mining (CMIN.OB) Appoints VP Corporate Communications

Mining Stocks News; Constitution Mining (CMIN.OB) Appoints VP Corporate Communications

LIMA, PERU--(http://www.investorideas.com/ gold and mining stocks blog)  - September 22, 2010 - Constitution Mining / Constitution Mining Appoints VP Corporate Communications processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
 
Constitution Mining Corp. (CMIN.OB) announces the appointment of Mr. David Smith as the Company's VP of Corporate Communications.

Mr. Smith, based in Washington State, is a long-time writer and editor on issues of freedom and hard-money investing, and is a dedicated gold and silver investor. He is the author of numerous articles for honest-money oriented investment publications. Mr. Smith serves as a consultant to resource sector companies and is a workshop/convention hall presenter at investment conferences. He previously served as Vice-President of Corporate Communications for Constitution Mining Corp (2007 - 08). He is a contributor to the self-help text, Personal Responsibility: The Power of You, as well as an experienced online education instructor at the college and university levels. He has extensive experience in visiting, researching and writing about mining sector companies in the Americas and in Asia.
 
 
Constitution Mining Corp. Investors can contact Mr. David Smith at:
North America Toll Free : 800-215-0811
Direct Dial: 360-339-7309


Email: Info@ConstitutionMining.com


About Constitution Mining Corp. (CMIN.OB)
The Company's goal is to locate large-scale commercially viable gold deposits and continuously increase the amount of gold underlying its outstanding shares. The Company is interested primarily in geographical areas that are home to several significant proven gold deposits, including highly prospective districts likely to hold further large deposits.


Peru
The first and most active project is in the Gold Sands region of Peru where the Company holds options on 461 square kilometers (178 square miles) of mining property, the largest such block in the district. These Gold Sands were laid down by eons of alluvial erosion. For millions of years, the waters of the Santiago and the Maranon rivers have been carving their way through the gold-rich mountain canyons of the Andes, carrying off vast amounts of gold and depositing it in the loose gravels and sands - Gold Sands - in the area the Company now controls.

Results from test holes drilled during CMIN's 26-hole Phase I exploratory drill program indicate the presence of significant alluvial gold. The Company is now actively engaged in conducting a Phase II drill program focused on grid drilling a 2.5 square kilometer region. While the results from the Phase I drill program and the initial results of the Phase II, 100-hole drill program are highly favorable, further results are needed to determine the full feasibility of the project.


The full implementation of these programs will require the Company to secure additional financing.
Further information about Constitution Mining Corp may be found at:
http://www.ConstitutionMining.com.


On behalf of the Board:
Dr. Michael Stocker - CEO
Constitution Mining Corp.


Investor Inquiries:
North America Toll Free : 800-215-0811
Direct Dial: 360-339-7309
Email: Info@ConstitutionMining.com


Disclaimer
This release contains forward-looking statements that are based on beliefs of Constitution Mining Corp. management and reflect Constitution Mining Corp's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words , or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Constitution Mining Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance , or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Constitution Mining Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission.


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Mining Stocks News; Archean Star Resources Inc.: Kent Re-Prices Archean Star Plan of Arrangement Financing

Mining Stocks News;  Archean Star Resources Inc.: Kent Re-Prices Archean Star Plan of Arrangement Financing


VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) Sept. 22, 2010 - Kent Exploration Inc. (the "Company" or "Kent") reports that it has reduced the non-brokered private placement required to implement the Archean Star Resources Inc ("Archean") Plan of Arrangement (the "Arrangement") Financing from the planned up to 10,000,000 Units at $0.25 cents per Unit, to 7,000,000 Units at $0.15 cents per Unit for gross proceeds of $1,050,000. The original financing announced in the Company's news release KEX2010-13 was delayed due to market conditions caused primarily by the Australian Government's proposal to introduce a Super Profits Tax on the Australian mining industry in early May 2010. This proposal was subsequently rescinded and replaced by a Resource Rental Tax, which applies only to the coal and iron ore industries, and does not affect the Australian gold exploration and mining industry.


Upon receipt of the funds from the financing, and the Arrangement taking effect, Archean intends to commence a second phase diamond drilling program on the Gnaweeda Gold Project, where, as announced in the Company's news releases, KEX2010-14 and KEX2010-22, a discovery hole at Bunarra intersected 18 meters of 12.34 g/t Au from 115 m to 133 m, including a one meter intersection averaging 110 g/t Au. The discovery is open along strike and to depth.
The 17,000 ha (42,000 acre) Gnaweeda Gold Project, which lies approximately 640 km (400 miles) northeast of Perth and 35 km (22 miles) northeast of Meekatharra, comprises a package of two exploration licenses over a strike length of 28 km (17.5 miles) of the Gnaweeda Greenstone Belt. It consists of several gold prospects, including Turnberry in the north, which has an identified gold-bearing zone approximately 2.5 km (1.65 miles) along strike and 750 meters (0.46 miles) in width, St. Anne's, and Bunarra in the south, as well as other known gold-bearing prospects. Eleven additional targets have been identified based upon geophysical data.


Archean has entered into an Option Agreement (the "Agreement") with Teck Australia Pty Ltd ("Teck"), as announced in its news release KEX2009-28, to earn 100% of Teck's interest in the joint venture between Chalice Gold Mines Ltd (30%) and Teck (70%), on the Gnaweeda Gold Project.


The non-brokered financing, consisting of Subscription receipts, is being undertaken by 0877072 BC Ltd (a corporation which will amalgamate with Archean under the Arrangement) in order to provide sufficient working capital for Archean's business plan and a listing on the TSX Venture Exchange (the "Exchange").
Subscription funds will be held in trust pending completion of the Arrangement, at which time the funds shall be released and each subscription receipt shall automatically convert, for no additional consideration, into Units of Archean at $0.15 per Unit. Each Unit will consist of one common share and one common share purchase warrant exercisable at $0.25 cents for 12 months.


The Plan of Arrangement was approved by the shareholders of the Company on April 30, 2010, and the BC Supreme Court on May 6, 2010, and Archean will become a separately listed company from Kent and hold the Gnaweeda Gold Project in the Murchison District of West Australia, while Kent will retain the existing properties currently held. The Arrangement will not take effect until the financing has been completed, at which time the Company shall issue a news release providing advance notice of the effective date ("Effective Date").


As of the Effective Date, there will be approximately 25,000,000 common shares of Archean issued. Approximately 13,000,000 common shares of Archean will be issued to holders of common shares of Kent held on the Effective Date, on the basis of one (1) common share of Archean for every four (4) common shares of Kent and approximately 5,000,000 common shares, or approximately 21% of Archean, will be issued to Kent, with 7,000,000 common shares being held by the subscribers to the financing.
The Company proposes to submit the listing application to the TSX Venture Exchange immediately after the effective date, expected to be on or about November 1, 2010, in order to list Archean on that exchange.
Kent Exploration Inc is a junior exploration company that has an Option Agreement to earn 100% of Teck Australia Pty Ltd's interest in the Gnaweeda Gold Project in West Australia and has acquired the Alexander River, Paparoa and Lyell gold projects in the highly prolific Reefton gold field in New Zealand.


The Company has an option to earn a 100% interest in the Silver Hills property, a silver/lead/zinc prospect in south-eastern British Columbia, and has a 100% interest in the Courtney Lake property, a silver/lead/zinc prospect in north-east Saskatchewan. The Company has a 100% interest in Coal Prospecting Permits covering approximately 92,000 ha in east-central Saskatchewan, a 100% interest in a mining lease option on the Flagstaff Mountain property, a permitted barite mine in eastern Washington state, a 100% interest in the mining lease option on the Ivanhoe Creek property, a Midas-style gold/silver target in Nevada's Carlin Trend, and 50% of a 100% interest in the Ivanhoe Creek placer claims covering a bentonite deposit.
This News Release has been prepared on behalf of the Kent Exploration Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Marvin A. Mitchell, a Qualified Person and defined by National Instrument NI 43-101.


ON BEHALF OF THE BOARD
Graeme O'Neill, President


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

For more information, please contact
Archean Star Reosurces Inc.
Graeme O'Neill
President
604-684-3394 or Toll Free: 1-866-399-6539
1-888-282-7763 (FAX)
www.archeanstar.com





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TSX Investor News; TSX Venture Exchange Closing Summary for September 22, 2010

 TSX Investor News; TSX Venture Exchange Closing Summary for September 22, 2010


Published at the Investorideas.com gold and mining stocks blog;

The following report is available on tsx.com at the following web page:
http://www.tsx.com/en/news_events/media_kit.html
Trading was very heavy on a volume of 324.3 million shares worth 223.2 million dollars.
There were 467 advances, 389 declines and 589 issues unchanged.
The S&P/TSX Venture Composite Index closed up 11.62 at 1661.96
Most Active Issues by Volume
VolumeNameSymbolCloseChange
     
13,459,311Continental Minerals CorporationKMK$2.580$0.280
7,309,416Klondike Silver CorpKS$0.055-$0.010
5,799,613Rodinia Lithium IncRM$0.345$0.065
4,192,653Channel Resources LtdCHU$0.235$0.030
4,179,806Romarco Minerals Inc.R$2.300$0.010
3,778,096Avion Gold CorporationAVR$0.680-$0.030
3,299,432Diamond Frank Exploration IncDOD$0.295$0.030
3,190,035Allana Potash CorpAAA$0.480-$0.020
3,174,925Brookemont Capital IncBKT$0.195-$0.015
3,059,003Star Navigation Systems Group LtdSNA$0.175-$0.050
Most Active Securities by Value
ValueSecurity NameSymbolCloseChange
     
$34,879,355Continental Minerals CorporationKMK$2.580$0.280
$20,194,124Rainy River Resources Ltd.RR$8.650-$0.100
$10,713,274ATAC Resources Ltd.ATC$6.600$0.120
$9,899,726Romarco Minerals Inc.R$2.300$0.010
$9,523,669Canaco Resources Inc.CAN$3.980$0.150
$6,026,529GASFRAC  Energy Services IncGFS$5.020$0.100
$4,208,965San Gold CorporationSGR$3.550$0.000
$3,877,528Antares Minerals Inc.ANM$4.170$0.360
$3,088,042Clifton Star Resources Inc.CFO$4.520$0.020
$2,714,644Avion Gold CorporationAVR$0.680-$0.030
NEX Closing Summary for September 17, 2010
Trading was heavy on a volume of 2.66 million shares worth 0.47 million dollars.
There were 8 advances, 4 declines and 25 issues unchanged.
Most Active Issues by Volume
VolumeNameSymbolCloseChange
     
669,000Champlain Resources IncCPL.H$0.140$0.020
492,000Medicure Inc.MPH.H$0.015$0.005
319,000Coalcorp Mining IncCCJ.H$0.095$0.005
234,575Mira Resources CorpMRP.H$0.290$0.015
216,000Cheetah Ventures LtdCHV.H$0.310-$0.020
139,500East West Petroleum CorpEW.H$0.430$0.020
100,000Troy Energy CorpTEG.H$0.320$0.010
85,518Regency Gold CorpRAU.H$0.140-$0.010
73,000X-Tal Minerals Corp.XMT.H$0.700$0.090
70,000Pan Terra Industries Inc.PNT.H$0.200$0.000
Most Active Securities by Value
ValueSecurity NameSymbolCloseChange
     
$94,640Champlain Resources IncCPL.H$0.140$0.020
$66,876Mira Resources CorpMRP.H$0.290$0.015
$65,100Cheetah Ventures LtdCHV.H$0.310-$0.020
$59,955East West Petroleum CorpEW.H$0.430$0.020
$47,740X-Tal Minerals Corp.XMT.H$0.700$0.090
$32,000Troy Energy CorpTEG.H$0.320$0.010
$30,305Coalcorp Mining IncCCJ.H$0.095$0.005
$12,000Pan Terra Industries Inc.PNT.H$0.200$0.000
$11,876Regency Gold CorpRAU.H$0.140-$0.010
$8,000Medicure Inc.MPH.H$0.015$0.005

NOTE: This document is for information purposes only and is not an invitation to purchase any securities listed on TSX Venture Exchange and/or NEX. While the information herein is collected and compiled with care, neither TSX Venture Exchange Inc., TSX Inc. nor any of their respective affiliated companies represents, warrants or guarantees the accuracy or the completeness of the information. This information is provided with the express condition, to which by purchasing or making use thereof you expressly consent, that no liability shall be incurred by TSX Venture Exchange Inc., TSX Inc. and/or any of its affiliates as a result of any use or reliance upon this information.


"S&P" is a trade-mark of The McGraw-Hill Companies, Inc. and is used under licence by TSX Inc. and "TSX" is a trade-mark of TSX Inc.



For more information, please contact
TSX Venture Exchange - Closing Market Report
TSX Datalinx
(416) 947-4452
Email: marketdata@tsxdatalinx.com


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Investorideas.com - Resource/Mining Stocks; Volume Leader OTCBB Stocks ($1.00-$2.00): (MNEAF, SRCH, ALME, CDXC)

Investorideas.com - Resource/Mining Stocks; Volume Leader OTCBB Stocks ($1.00-$2.00): (MNEAF, SRCH, ALME, CDXC)


Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS, www.otcvolumeleaders.com


Point Roberts, WA (Investorideas.com Mining stocks Newswire) September 22, 2010 - OTC VOLUME LEADERS reports on the most active trading stocks on the OTCBB for investors following small cap and microcap stocks . OTC Volume leaders ($1.00-$2.00) include Minera Andes Inc. (OTCBB: MNEAF), Searchlight Minerals Corp. (OTCBB: SRCH), Alamo Energy Corp. (OTCBB: ALME), and ChromaDex Corp. (OTCBB: CDXC). Top trading leaders included minings stocks (OTCBB: MNEAF) and (OTCBB: SRCH).


OTC/Market Commentary:
OTC Mining Stock snapshot :
OTCBB volume leader; Searchlight Minerals Corp. (OTCBB: SRCH): "Searchlight Minerals Corp. is an exploration stage company engaged in the acquisition and exploration of mineral properties and slag reprocessing projects. The Company holds interests in two mineral projects: (i) the Clarkdale Slag Project, located in Clarkdale, Arizona, which is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona; and (ii) the Searchlight Gold Project, which involves exploration for precious metals on mining claims near Searchlight, Nevada. The Clarkdale Slag Project is the more advanced of two ongoing projects that the Company is pursuing. The Searchlight Gold Project is an early-stage gold exploration endeavor on 3,200 acres located approximately 50 miles south of Las Vegas, Nevada."


Market Snapshot: (at time of release)
Dow 10,747.37 -13.66 -0.13%
Nasdaq 2,332.87 -16.48 -0.70%
S&P 500 1,135.16 -4.62 -0.41%
10 Yr Bond(%) 2.5480% -0.4600
Oil 74.72 -0.25 -0.33%
Gold 1,290.00 +17.60 +1.38%


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Monday, September 20, 2010

Investorideas.com - Mining and Resource Stocks Trading Alert; Actively Trading OTC Stocks ($1.00-$2.00): (MNEAF, SRCH, ROHI, CDXC)

Investorideas.com - Mining and Resource Stocks Trading Alert; Actively Trading OTC Stocks ($1.00-$2.00): (MNEAF, SRCH, ROHI, CDXC)


Point Roberts, WA (Investorideas.com Newswire) September 20, 2010 - OTC VOLUME LEADERS reports on the most active trading stocks on the OTCBB. OTC Volume leaders ($1.00-$2.00) include Minera Andes Inc. (OTCBB: MNEAF), Searchlight Minerals Corp. (OTCBB: SRCH), Rotech Healthcare Inc. (OTCBB: ROHI), and ChromaDex Corp. (OTCBB: CDXC).


OTC/Market Commentary:
Trading Alert: (at time of release)Searchlight Minerals Corp. (OTCBB: SRCH); trading at $ 1.34 USD, up 0.32 (31.37%)
One of the OTCBB volume leaders; Searchlight Minerals Corp. (OTCBB: SRCH): "Searchlight Minerals Corp. is an exploration stage company engaged in the acquisition and exploration of mineral properties and slag reprocessing projects. The Company holds interests in two mineral projects: (i) the Clarkdale Slag Project, located in Clarkdale, Arizona, which is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona; and (ii) the Searchlight Gold Project, which involves exploration for precious metals on mining claims near Searchlight, Nevada. The Clarkdale Slag Project is the more advanced of two ongoing projects that the Company is pursuing. The Searchlight Gold Project is an early-stage gold exploration endeavor on 3,200 acres located approximately 50 miles south of Las Vegas, Nevada."

Market Snapshot: (at time of release)
Dow 10,707.72 +99.87 +0.94%
Nasdaq 2,338.53 +22.92 +0.99%
S&P 500 1,136.56 +10.97 +0.97%
10 Yr Bond(%) 2.7230% -0.2300
Oil 75.13 +1.47 +2.00%
Gold 1,282.00 +6.40 +0.50%



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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!
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Friday, September 17, 2010

Investorideas.com - Mining and Lithium Stocks; Actively Trading OTC Stocks; ($0.14-$0.25): (OTCBB: KBLB), (OTCBB: CPTC), (OTCBB: LIEG), (OTCBB: SDRG)

Investorideas.com - Mining and Lithium Stocks; Actively Trading OTC Stocks; ($0.14-$0.25): (OTCBB: KBLB), (OTCBB: CPTC), (OTCBB: LIEG), (OTCBB: SDRG)


Point Roberts, WA (Investorideas.com Newswire) September 17, 2010 - OTC VOLUME LEADERS reports on the most active trading stocks on the OTCBB. OTC Volume leaders ($0.14-$0.25) include Kraig Biocraft Laboratories, Inc. (OTCBB: KBLB), Composite Technology Corporation (OTCBB: CPTC), Li3 Energy, Inc. (OTCBB: LIEG), and Silver Dragon Resources Inc. (OTCBB: SDRG).



OTC/Market Commentary:
Sectors include Lithium Stocks
One of the OTCBB volume leader reports; Li3 Energy, Inc. (OTCBB: LIEG): "Li3 Energy, Inc. is an early stage, U.S. public company pursuing a strategy in the lithium mining and energy sector in the Americas, with a focus on identifying and acquiring opportunities in Peru, Argentina and Chile. Li3 Energy's goal is to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production in order to meet growing market demand and to support the clean energy and green energy initiatives."


Market Snapshot: (at time of release)
Dow 10,598.16 +3.33 +0.03%
Nasdaq 2,312.35 +9.10 +0.40%
S&P 500 1,125.15 +0.49 +0.04%
10 Yr Bond(%) 2.7370% -0.2200
Oil 73.33 -1.26 -1.69%
Gold 1,276.80 +4.90 +0.39%


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Thursday, September 16, 2010

Investorideas.com - TAG Oil (TSX-V: TAO) Acquires Condensate-Rich Deep Gas Discovery, Taranaki Basin, New Zealand

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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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
For further information, please contact:
D. Grenville Thomas
President and CEO
Tel: 604-668-8355
Gordon Clarke
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/

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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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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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