Friday, February 04, 2011

Mining Stocks News; Newmont (NYSE:NEM) Expands Nevada Growth Potential With Acquisition of Fronteer Gold (TSX, NYSE Amex: FRG)

 .DENVER, Feb. 3, 2011 ( Investorideas.com mining stocks newswire ) -- Newmont Mining Corporation (NYSE:NEM) ("Newmont" or "the Company") and Fronteer Gold Inc. (TSX, NYSE Amex: FRG) ("Fronteer Gold") today announced that they have entered into an agreement pursuant to which Newmont will acquire all of the outstanding common shares of Fronteer Gold by way of a Plan of Arrangement.

Under the Plan of Arrangement, shareholders of Fronteer Gold will receive Cdn$14.00 in cash and one common share in a new company ("Pilot Gold"), which will own certain exploration assets of Fronteer Gold, for each common share of Fronteer Gold.  The cash consideration represents a premium of approximately 37% to the closing price of the common shares of Fronteer Gold on the TSX as of February 2, 2011 and equates to a value of approximately Cdn$2.3 billion for Fronteer Gold (excluding Pilot Gold). 

Fronteer Gold owns a 100% interest in the development-stage Long Canyon project, which is located approximately one hundred miles from Newmont's existing infrastructure in Nevada.  The proximity of Long Canyon to Newmont's Nevada operations provides the potential for significant development and operating synergies.  Fronteer Gold also owns a 100% interest in the Northumberland project and a joint venture interest with Newmont in the Sandman project in Nevada, among other assets.  Fronteer Gold has total attributable Measured and Indicated gold resources of 4.2 million ounces and Inferred resources of 1.7 million ounces at Long Canyon, Northumberland and Sandman.(1)

Pilot Gold will own a portfolio of Fronteer Gold's exploration properties in Nevada, Turkey, and Peru (see Exhibit A for a list of Pilot Gold's assets) and will be capitalized at closing with Cdn$10 million of cash.  Upon closing of the transaction, Fronteer Gold shareholders will hold an aggregate 80.1% interest in Pilot Gold, and Newmont will hold the remaining 19.9% interest.  As part of the Plan of Arrangement, the Pilot Gold common shares will be consolidated on a one-for-four basis.

"The acquisition of Fronteer Gold will contribute significantly to our anticipated growth profile in North America," stated Richard O'Brien, Newmont's President and CEO.  "The Long Canyon project, with its Carlin trend-like metallurgical and geological characteristics, complements our existing project pipeline in Nevada. This combination of assets will allow Newmont to leverage our expertise and extensive infrastructure in the region.  Based on the work conducted to date by Fronteer Gold, as well as our own due diligence, we believe that Long Canyon holds the potential to grow beyond 3 to 4 times Fronteer Gold's current stated resource estimate, with an attractive average gold grade of approximately 2.3 grams per tonne. Additionally, we believe that Fronteer Gold's wider portfolio of assets offers further upside potential for our portfolio."  

In January 2011, Fronteer Gold released an interim resource estimate for Long Canyon, which reported Measured and Indicated resources of approximately 1.4 million gold ounces and an additional Inferred resource of approximately 0.8 million gold ounces.(1) 

Fronteer Gold President and CEO, Mark O'Dea, stated: "This transaction delivers an immediate and attractive premium to our shareholders.  It not only recognizes the current value of our key Nevada gold projects, but rewards shareholders for their future growth.  The team at Fronteer Gold has done an exceptional job of creating value and we are proud of the high quality project pipeline that we have built in Nevada.  Newmont shares our view that Long Canyon, our flagship project, is a 'best-in-class' asset with excellent production attributes and significant growth potential.  Importantly, this transaction continues to expose Fronteer Gold shareholders to our ongoing exploration and development success through Pilot Gold.  Pilot Gold will have an ideal new company structure, an experienced Board of Directors and management team, and sufficient financial resources to immediately undertake active exploration programs in both Turkey and Nevada.  We welcome Newmont as our largest shareholder in Pilot Gold and we look forward to creating ongoing value for shareholders in the near-term."

Newmont in Nevada:

Newmont's land position in Nevada extends over 2 million acres.  From its regional base in Elko, the Company currently operates six open pit mines, five underground mines, and nine process facilities.  In addition, Newmont's project pipeline in Nevada includes Greater Leeville-Turf, Phoenix Copper Leach, Greater Gold Quarry, and our 'Sleeping Giants' (Mike, Fiberline, Greater Phoenix and Copper Basin).  In 2010, Nevada operations produced 1.7 million attributable gold ounces, which was approximately 32% of the Company's total attributable gold production for the year.  Nevada represents growth for Newmont, as evidenced by a 2011 exploration and development budget of approximately $285 million for near-mine activities.  The Company plans to advance exploration activity in early and advanced stage projects such as Greater Leeville-Turf, Mike, Fiberline, Copper Basin and Greater Phoenix. 

Transaction Details:

The transaction will be carried out by way of a Plan of Arrangement, the implementation of which will be subject to approval by at least 66 2/3% of the votes cast at a special meeting of Fronteer Gold shareholders that is expected to be held in early April 2011 followed by the approval of the Ontario Superior Court of Justice.  Pursuant to the terms of the arrangement agreement between Newmont and Fronteer Gold, the transaction is also subject to applicable regulatory approvals and the satisfaction of certain closing conditions customary in transactions of this nature. The arrangement agreement also provides for, among other things, customary board support and non-solicitation covenants (subject to the fiduciary obligations of the Fronteer Gold Board and a Newmont "right to match") as well as the payment to Newmont of a break fee equal to Cdn$85 million if the proposed transaction is not completed in certain specified circumstances.

The Board of Directors of Fronteer Gold after consultation with its financial and legal advisors, has unanimously determined that the proposed transaction is in the best interests of Fronteer Gold and is fair to Fronteer Gold's shareholders and will recommend that Fronteer Gold's shareholders vote in favor of the transaction.  RBC Capital Markets, acting as financial advisor to Fronteer Gold and its Board of Directors, has provided an opinion that the consideration to be received by Fronteer Gold's shareholders is fair, from a financial point of view, to Fronteer Gold shareholders.  All of the directors and senior officers have entered into customary support agreements pursuant to which, among other things, they have agreed to vote their common shares in favor of the transaction.

The terms and conditions of the proposed transaction will be summarized in Fronteer Gold's management information circular, which will be filed and mailed to Fronteer Gold shareholders in March 2011.  It is anticipated that the transaction, if approved by Fronteer Gold's shareholders, will be completed in the second quarter of 2011.

Copies of the Plan of Arrangement agreement and certain related documents will be filed with Canadian securities regulators and with the U.S. Securities and Exchange Commission (the "SEC") and will be available on the Canadian SEDAR website at www.sedar.com and on the SEC's website at www.sec.gov. The management information circular will also be available as part of Fronteer Gold's public filings at www.sedar.com and www.sec.gov.

Advisors and Counsel:

Newmont's financial advisor is BMO Capital Markets, and its legal counsel are Goodmans LLP and Wachtell, Lipton, Rosen & Katz.  Fronteer Gold's financial advisor is RBC Capital Markets, and its legal counsel is Davies Ward Phillips & Vineberg LLP.

Conference Call:

The Company will hold a conference call on Thursday, February 3, 2011 beginning at 12:00 p.m. Eastern Time (10:00 a.m. Mountain Time). 

To participate:


Dial-In Number
 888-566-1822
 
Intl Dial-In Number
 1-312-470-7119
 
Leader
 John Seaberg
 
Passcode
 Newmont
 
Replay Number
 866-434-5261
 
Intl Replay Number
 203-369-1004
 
Replay Passcode
 2011
 

The conference call will be simultaneously carried on our web site at www.newmont.com under Investor Relations and will be archived there for a limited time.

Exhibit A: List of Pilot Gold's Assets
 
Nevada

 
 Anchor
 

 Baxter Spring
 

 Brik
 

 Buckskin North
 

 Cold Springs
 

 Easter
 

 Gold Springs 2
 

 New Boston
 

 Regent
 

 Stateline
 

 Viper
 


 
Turkey

 

 Halilaga
 

 TV Tower
 
Peru 

 Rae Wallace Rights

Cautionary Statements:

This release contains "forward-looking statements" within the meaning of applicable securities laws that are intended to be covered by the safe harbors created by those laws, including statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology.  Such forward-looking statements may include, without limitation, statements regarding the completion of the proposed transaction and other statements that are not historical facts.  While such forward-looking statements are expressed by Newmont or by Fronteer Gold, as stated in this release, in good faith and believed by the applicable party to have a reasonable basis, they are subject to important risks and uncertainties including, without limitation, approval of applicable governmental authorities, required Fronteer Gold shareholder approval and necessary court approvals the satisfaction or waiver of certain other conditions contemplated by the arrangement agreement, the inability to realize expected synergies or cost savings, errors in estimates of reserves or future production, parts, equipment, labor or power shortages or other increases in costs, mining accidents or other adverse events, changes in applicable laws or regulations, competition from other mining companies, and the other risks disclosed in Newmont's and Fronteer Gold's public filings, any or all of  which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements.  As a result of these risks and uncertainties, the proposed transaction could be modified, restructured or not be completed, and the results or events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. Neither Newmont nor Fronteer Gold is affirming or adopting any statements attributed to the other in this release or made by the other party outside of this release.  Neither Newmont nor Fronteer Gold undertakes any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws, or to comment on expectations of, or statements made by the other party or third parties in respect of the proposed transaction. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk.

Cautionary Note to U.S. Investors:  Certain statements of Fronteer Gold in this release use the terms "Measured resources", "Indicated resources" and "Inferred resources". We advise U.S. investors that while these terms are recognized and required by Canadian regulations, these terms are not defined terms under the SEC's Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC.  U.S. Investors are cautioned not to assume that any part or all of mineral deposits in the "Measured resources" and "Indicated resources" categories will ever be converted into SEC Industry Guide 7 reserves.  Additionally, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility.  It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.  Under Canadian rules, estimates of Inferred resources may not form the basis of a feasibility study or prefeasibility studies, except in rare cases. Accordingly, U.S. Investors are cautioned not to assume that any part or all of an Inferred resource exists or is economically or legally minable.

Christopher Lee, P. Geo, Chief Geoscientist for Fronteer Gold, is Fronteer Gold's designated Qualified Person for the Fronteer Gold resource estimates contained in this news release and has reviewed and validated that the scientific and technical information contained in the release is accurate. Fronteer Gold has filed technical reports for each of Sandman and Northumberland that includes additional information about the respective resource estimates which are available on Fronteer Gold's profile on SEDAR.  Details of the Long Canyon resource estimate will be published in an updated technical report which will be posted on SEDAR no later than February 26, 2011. See also January 12, 2011 Fronteer Gold press release posted on SEDAR.

(1) At Long Canyon resources are: Measured resources of 762,000 tonnes grading 2.91 grams per tonne gold, Indicated resources of 17,609,000 tonnes grading 2.34 grams per tonne gold and Inferred resources of 11,170,000 tonnes grading 2.24 grams per tonne gold, all at a cut-off grade of 0.2 grams per tonne gold.  At Sandman resources are: Measured resources of 1,550,000 tonnes grading 1.65 grams per tonne gold, Indicated resources of 5,736,000 tonnes grading 1.03 grams per tonne gold and Inferred resources of 1,287,000 tonnes grading 0.92 grams per tonne gold, all at a cut-off grade of 0.34 or 0.69 grams per tonne gold depending on elevation.  At Northumberland, resources are:  Indicated resources of 36,518,000 tonnes grading 1.92 grams per tonne gold and inferred resources of 6,926,000 tonnes grading 3.49 grams per tonne gold, all at a cost-based cut-off grade.

Thursday, February 03, 2011

Mining Stocks; YALE ANNOUNCES WARRANT EXERCISE AND EXPLORATION UPDATE

February 3, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report that it has received gross proceeds of $562,450 from the exercise of 5,624,500 warrants at a price of $0.10 per warrant into common stock of the Company from its last private placement, which closed in three tranches. The remaining unexercised warrants have now been cancelled.
The Company intends to use its cash on hand as general working capital and to continue with exploration activities on its wholly owned Mexican projects.
Exploration Update on the Apache Property:
The first field program at the wholly owned Apache property has recently been completed. A total of 62 samples were taken during the program, which also included prospecting and geological mapping. Samples have been submitted to the lab and results are expected in approximately three weeks.
The Apache Property contains three areas of mineralization: the Peña Blanca, El Apache, and La Parida zones. During its first inspection of the property, the Company had only sampled the El Apache zone. The recent program has now sampled each of the three target areas following up on historic sampling by the Mexican Government that returned the following results:
Sample #ProspectAg (g/t)Au (g/t)Cu (%)
SP-089La Parida59.00.050.43
SP-090La Parida110.00.131.92
SP-091 La Parida401.00.474.23
SP-092La Parida190.00.112.28
SP-093La Parida130.00.063.96
SP-094 La Parida70.00.130.72
SP-095La Parida192.00.231.35
SP-096La Parida186.00.133.11
SP-097La Parida64.00.100.58
SP-100Peña Blanca9.00.120.01
SP-101Peña Blanca12.00.020.03
SP-102Peña Blanca11.00.020.02
SP-238El Apache127.0N.D.1.34
SP-239El Apache91.0N.D.0.71
SP-240El Apache107.0N.D.1.35
SP-241El Apache47.00.161.39
SP-242El Apache131.00.054.30
SP-243El Apache60.00.044.50
SP-244El Apache64.00.023.14
SP-245El Apache9.00.012.75
SP-246El Apache59.00.022.02
**Please note that widths of samples were not provided and the reader is cautioned that the widths of the samples reported here are unknown.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
604-678-2531
Visit the YLL showcase profile at Investorideas.com
Request News and Info on YLL
Disclosure, Disclaimer/ YLL is a paid advertising client on Investorideas.com and our mining portals.

Mining Stocks; NORTH ARROW OPTIONS HOPE BAY ORO GOLD PROJECT TO CHELSEA MINERALS INC.

February 3, 2011 (Investorideas.com Mining stocks newswire) North Arrow Minerals Inc. (NAR: TSXV) is pleased to announce an option agreement with Chelsea Minerals Inc., (NEX:CCC.H) allowing Chelsea the right to earn a 60% interest in North Arrow's Hope Bay Oro gold project in Nunavut. The Oro project consists of five leases covering an area of over 10,000 acres that adjoins the new Hope Bay Gold Mine. Under the terms of the agreement, Chelsea may earn up to a 60% interest in the project by making an initial cash payment of $50,000 and spending $5 million over a five year period. A minimum expenditure of $500,000 is required in the first year.
In conjunction with entering into the Option Agreement, Chelsea has entered into a Letter of Intent with Sennen Resources Ltd ("Sennen") (TSXV: SN), which contemplates that Sennen will acquire all of the issued and outstanding shares of Chelsea by way of a share exchange, whereby, pursuant to a Plan of Arrangement, shareholders of Chelsea would receive one share of Sennen for every two and one half common shares of Chelsea held by them. Sennen has over $15 million in its treasury and can fund the exploration obligations for the Hope Bay project without the need to raise any further capital.
North Arrow's Oro project directly adjoins the Doris North mine being brought into production by Hope Bay Mining Ltd (a wholly owned subsidiary of Newmont Mining Corporation). Hope Bay Mining's project includes the Doris, Boston and Madrid deposits that contain an estimated 9 million ounces of gold and collectively represent one of the largest undeveloped gold deposits in Canada. The deposits are located within an 80 km long Archean greenstone belt, the northern 10 km of which is covered by North Arrow's mining leases. Hope Bay Mining is continuing aggressive exploration in parallel with mine development which confirms their expectations of making further discoveries.
The Oro project hosts numerous gold showings and potentially gold bearing structures which have been evaluated by only minimal exploration. Several high grade native silver deposits, mined in the 1970's, are also located on the property and the potential exists to find larger hidden silver deposits associated with structures since identified across the property.
Exploration work on the Oro project will be focused on two mineralized zones; the Ida Point prospect at the northern end of the property and the Wombat zone at the southern end. Exploration at Ida Point will be centred on the 600 m long Elu shear zone, where surface trenching over a 400 m strike length has returned significant gold values including 11.6 grams per tonne gold (g/t Au) over 1.9 m and 24.7 g/t Au over 5 m. A four hole diamond drill program in 1998 returned downhole intersections of 14.3 g/t Au over 2 m and 5.5 g/t Au over 6 m. Wombat is a gold bearing shear zone which has been traced for more than 1,000 m near the property's southern boundary. A number of short holes were previously drilled at Wombat with one returning 40.3 g/t Au over 2.7 m.
The location of the Oro project, situated along strike from Hope Bay Mining's multi-million ounce gold deposits, represents a significant opportunity for North Arrow and will supplement the Company's diamond exploration activities in northern Canada. The exploration program for the Oro project will be managed by North Arrow and the permitting process is underway with plans to commence drilling and surface exploration as early as possible in 2011. Access to the property is enhanced by its proximity to Hope Bay Mining's Roberts Bay port facility and airstrip, located two kilometres and three kilometres to the southwest, respectively.
Completion of the Option Agreement with Chelsea and its Plan of Arrangement with Sennen remains subject to completion of a satisfactory due diligence review and receipt of all necessary regulatory and shareholder approvals, including but not limited to acceptance of the transaction by the NEX and, if required, the TSX Venture Exchange.
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.

Tuesday, February 01, 2011

Coal Stocks News; Lucky Strike Resources; UPDATE ON FINANCING AND ACQUISITIONS

Vancouver, British Columbia, Canada - February 1, 2011 (Investorideas.com Newswire)- Lucky Strike Resources Ltd. (TSX.V: LKY), (the "Company") wishes to provide an update on its private placement announced on December 7, 2010 and on its proposed acquisition of the Changyun Coal mine as announced on August 10, 2010.
The Company wishes to clarify the intended use of the proceeds from the proposed non-brokered private placement to raise aggregate gross proceeds to the Company of $2,400,000 by the issuance of units of the Company, as previously announced on December 7, 2010. The net proceeds of the private placement will be used for general working capital purposes and to identify, evaluate and secure potential acquisitions of mineral properties and mineral interests in China and internationally. The proceeds of the private placement are not specifically designated for any particular project at this time. The closing of the private placement is expected to occur on or before February 4, 2011.
On August 10, 2010 and October 29, 2010, the Company announced that it had entered into a letter of intent (the "Letter of Intent") with Cheung Wan (Groups) Energy Development Limited for the proposed acquisition (the "Acquisition") by the Company of up to an 80% interest in the Changyun Coal project (the "Changyun Coal Project") in Guizhou Province, China. The Acquisition is subject to a number of conditions including due diligence and the negotiation and preparation of a definitive agreement. The Company continues to conduct due diligence on the Changyun Coal Project and the vendors, and is attempting to address all of the issues in its negotiations. The Letter of Intent was subsequently amended on October 26, 2010 and based on the Company"s due diligence, the structure and material terms of the Acquisition continue to be subject to ongoing discussions and negotiations. It is uncertain if or when the parties will be able to reach agreement on the material ! terms or structure of a transaction regarding the Changyun Coal Project or if a transaction will be completed at all. The Company will provide further updates when warranted.
The Company is concurrently continuing to investigate other potential property acquisitions and will provide further updates as and when the Company enters into any agreements with respect to same.
About Lucky Strike:
Lucky Strike Resources Ltd. is a Canada-based exploration stage company. The Company is engaged in the process of exploring and/or developing coal properties in Guizhou province in China. The Company also has property in Yreka, British Columbia, Canada. The Changyun coal project is a former past producing mine and is located some 25 km northeast of Bijie City in Guizhou province, approximately two hours north by air from Hong Kong. The permitted mine covers a total area of 2.0954 sq. km and is surrounded by approximately 20 sq. km of highly prospective exploration area, where available geological data supports the potential presence of significant coal resources of high quality Anthracite coal within the area. The local area has well established infrastructure for the Changyun project to resume production and coal buyers to pick up coal FOB at the mine site.
On behalf of Management
Lucky Strike Resources Ltd.
"Cathy Fong"
Cathy Fong, CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
Twitter: www.twitter.com/luckystrikepr

Thursday, January 27, 2011

Mining News; Running Fox Resource (TSX VENTURE:RUN) (PINK SHEETS:RFXRF) (FRANKFURT:C8Q) to Acquire 100% of High Grade Brett Gold Project

VANCOUVER, BRITISH COLUMBIA - January 27, 2011 (Investorideas.com Mining stocks newswire) - Steven Schurman, P. Geol (US), CEO, Director, reports:
Running Fox (TSX VENTURE:RUN) (PINK SHEETS:RFXRF) (FRANKFURT:C8Q) is pleased to report that it has entered into an agreement, subject to regulatory acceptance, to acquire the remaining 50% of the Brett Gold Project from Mosquito Consolidated Gold Mines.
This will result in Running Fox owning 100 % of the Brett Gold Project.
Key terms include one million dollars cash and three million common shares, with a closing date of 30 days after regulatory acceptance, and MSQ has reserved a sliding scale net smelter royalty of between 2 % to 8%, tied to the price of gold, which in the current price range of between $1,000 to $1,500 US per ounce, the royalty would be 5%. Also, there is a legacy royalty of 2% on two of the claims, and Running Fox has granted MSQ the same sliding scale royalty as above on two of its solely owned claims adjacent to the north.
Running Fox retains the right to purchase one-half of the royalty for one million dollars per percentage point at any time up till one year after commercial production commences.
Running Fox also has a Right of First Refusal on any sale of all or part of the royalty to a third party.
Following the above share issuance, Running Fox will have approx. 49 million shares outstanding. The Company has recurring cash flow and after recent progress, very little debt.
Brett Property Geology
The Brett property has been interpreted to be a classic epithermal, high grade gold vein system with gold and silver mineralization occurring in northwest and northeast trending shear zones. The geology of the Brett property appears to be similar to gold deposits that occur in volcanic rocks found to the south in the Republic Mining District of Washington State.
Gold and Silver:
While the Brett Gold Project is best known for high grade gold, it also has silver potential.
Most of the silver drill grades, while significant, were not reported as the price of silver was low. The silver component however can be illustrated by the results of a previous bulk tonnage sample.
The Project 's 291 ton bulk sample was processed by Teck Cominco's smelter facility in Trail, BC from simple surface excavated pits.
The Teck Cominco smelter receipts for the whole bulk sample proved ore averaged 28 grams per tonne gold plus 64 grams per tonne silver.
The drill intercepts in this news release include the gold only.
Between 1985 and 2004 core and reverse circulation drill holes tested the high grade gold mineralization identified as the "Main Shear Zone".
A key drill intercept included:
- RC93-19 which intercepted 16.76 meters that graded 35.79 grams gold per tonne. This intercept included two splits of 3.01 meters grading 57.88 grams gold per tonne and 4.57 meters grading 107.88 grams gold per tonne.
The 2004 drilling program intersected significant gold bearing intersections in 15 of the 17 holes drilled including:
DDH# 04-01 intersected 10.2 meters grading 5.28 grams per ton including 1.6 meters grading 29.6 grams per ton gold, and,
DDH# 04-02 intersected 11.6 meters grading 10.39 grams gold per ton including 3.1 meters grading 34.02 grams per ton gold; and,
DDH# 04-12 intercepted 1.3 feet meters grading 176 grams per ton gold in a new shear zone.
This new zone, located on a tuffaceous bed, is located 53 metres east of the main shear zone and represents a totally new zone as none of the previous drill holes went as far east as this hole. The zone is cut off by several postmineral dikes in the core, possibly indicating the presence of a second parallel shear structure. If so, this would be the first confirmation of bonanza high-grade gold values (greater than one ounce per ton gold) on a parallel shear structure, opening the possibility that similar high-grade zones may be present, along the numerous other shears identified during surface work. The entire strike length of the new shear structure is unexplored as none of the previous drill holes were near its projection.
Trenching:
Numerous trenches have returned very high gold grades, some are selected below that have been noted as locations for follow-up and further trenching or diamond drilling:
Trench #From (meters)To (meters)Length (meters)Gold grams/t
TR93-77005.565.5612.67 grams
And 93-TR9575.667.531.8723.84 grams
87-TR41.953.351.4 63.01 grams
87-TR210 2.42.470.27 grams
Some significant Brett drill intercepts include
(* Note: gold grades reported only, see comment above re silver):
Drill HoleFrom (meters)To (meters)Length (meters)Gold grams/t
DDH04-12 148.9 150.2 1.3176.28
R88-11 41.15 50.30 9.15156.99
 57.90 65.50 7.65 169.59
R93-12 35.05 36.58 1.5263.01
R93-17 38.10 41.15 3.05 56.16
89-92 130.15 131.29 1.14 54.45
89-91 134.51 135.76 1.25 43.01
R93-19 30.48 47.24 16.76 35.79
87-29 45.65 54.27 8.62 25.24
DDH04-01 45.6 47.2 1.60 21.96
DDH04-02 63.5 75.1 11.60 10.39
DDH04-16 34.5 36.0 1.50 9.74
R88-17 16.76 24.38 7.62 7.67
See Top 40 Gold Intercepts on website
The 2004 a soil geochemical survey identified numerous and as yet untested gold in soil anomalies as much as 2,000 meters north of the Main Shear Zone drilling which appear to trend in the same northeast and northwest direction as the gold mineralization found in the shear zones around the Main Shear Zone. Gold mineralization found in a road cut 3,000 meters north of the Main Shear Zone drilling assayed 9.5 grams per ton gold. Running Fox believes that these untested soil anomalies represent significant exploration targets that are similar in geology and grade of gold mineralization to that found around the Main Shear Zone.
Running Fox will be planning a 2011 exploration campaign at the Brett property that will also include drilling and trenching of soil anomalies, as the prior program opened up large areas for exploration and the development of additional gold bearing zones.
Complete maps, geochem, and drilling history are available for review/download on the Running Fox website.
The project has significant early stage block calculations on a small portion of one shear zone-- and there are many shear zones, running under large undrilled geochem zones with good gold values over large areas, (see Geochem in Assessment Report).
Following further drilling a new 43-101 Technical Report will be requested that will include all drilling and a qualifying resource calculation.
See the Early Block Model on the website, as well as the brief 3D Geological and drillhole movie on website www.foxgold.ca
Steven Schurman, CEO, Professional Geologist (US), is the named Qualified Person for the technical contents of this news release.
* Note: Source for all drill intercepts are 43-101 Technical Report, and Brett Gold Assessment Report available at www.foxgold.ca and on SEDAR.
On behalf of the Board of Directors: Steven Schurman, P. Geol (US), CEO, Director
The Company relies on legislation applicable to forward looking statements, seeking safe harbour
For more information, please contact
Running Fox Resource Corp.
Steven Schurman
CEO, Director
1 303 619 5234
www.foxgold.ca
Disclaimer/ Disclosure: The following is a paid featured news story on Investorideas.com ($500 to be the top news story of the day)

Wednesday, January 26, 2011

CURRIE ROSE (TSX.V:CUI) PARTNERS WITH AUSTRALIAN-BASED COMPANY TO DEVELOP JUBILEE REEF PROJECT IN TANZANIA

January 25, 2011 (InvestorIdeas.com mining stocks newswire) - Mr. Harold Smith reports: Currie Rose Resources (TSX.V - CUI) is pleased to announce it has entered into a joint venture agreement with Australian-based Liontown Resources Limited (ASX - LTR) to develop Currie Rose�s Jubilee Reef Gold Project in northwest Tanzania. Jubilee Reef is located along the same Archaean greenstone-granite terrain that hosts a number of world class gold deposits.
The agreement allows Liontown Resources to earn as much as a 75% interest in the project by completing a definitive feasibility study. Liontown can first earn a 51% interest by drilling a minimum of 5,000 metres at Jubilee this year (scheduled to commence in the second quarter) and an additional 10,000 metres by no later than December 31, 2013. Liontown must spend a minimum $50,000 on a four-month data review for drill target definition.
Previous exploration including soil sampling and shallow drilling has defined several gold anomalies at Jubilee Reef that are open along strike and effectively untested at depth. The more advanced of these anomalies include:
  • Shangaza-Panapeneza prospect -- a one-kilometre-long gold anomaly defined by 12 rotary air blast (RAB) drill holes with an average depth of 46 metres. The RAB drilling intersected up to 19 metres at 3.6 grams per tonne gold from 26 metres depth while limited and deeper reverse-circulation (RC) drilling intersected up to 20 metres at 1.5 g/t Au from 123 metres depth.
  • Chela prospect -- a more-than-one-kilometre-long gold anomaly defined by five wide-spaced RAB/aircore drill holes with an average depth of 32 metres. Better near-surface intersections include four metres at 3.6 g/t Au and eight metres at 1.3 g/t Au. The mineralized trend is open along strike and remains untested at depth.
  • Masibi Hill prospect -- an over-500-metre-long gold anomaly defined by four wide-spaced RAB/aircore drill holes with an average depth of 26 metres. Numerous holes bottomed in anomalous gold and limited deeper RC drilling intersected 14 metres grading 1.0 g/t Au from 62 metres depth. Masibi is open along strike and is largely untested at depth.
Upon a successful further review of Jubilee Reef geological data, which includes airborne aeromagnetic and VTEM surveys, Liontown will proceed with a minimum 5,000-metre phase I drill program. The company holds the right to withdraw from the agreement after its initial data review and target definition expenditure of at least $50,000.
"This win-win joint venture with Liontown allows us to maintain our focus on two major and very exciting projects, Sekenke and Mabale Hills, while at the same time developing another important asset in the area through a strategic partnership," stated Harold Smith, Currie Rose president and chief executive officer. "Added to the minimum 10,000 metres of drilling we've already committed to at Sekenke and Mabale Hills, and the 8,000 metres now under way at our Scadding gold property near Sudbury through our partner Trueclaim Exploration, 5,000 metres at Jubilee would give Currie Rose at least 23,000 metres of drilling on its properties in 2011. This will be our most aggressive year ever for exploration. We're looking forward to the advancement of each of these projects."
Currie Rose continues its efforts to define the highest-priority targets for its first ever drill program at Sekenke, a nearly 300-square-kilometre land package that runs in between and surrounds two past-producing historic high-grade mines. In addition, new and historical data for the Mabale Hills project are being reviewed in preparation for a major drill program there.
BY ORDER OF THE BOARD OF DIRECTORS OF
CURRIE ROSE RESOURCES INC.
"Harold Smith"
Harold Smith
President
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Monday, January 24, 2011

Mining Stocks; YALE (TSX-V: YLL) SUMMARIZES A SUCCESSFUL 2010

January 24, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to provide its shareholders with a recap of a very successful 2010 and the Company's plans for moving forward and continued growth in 2011.
Yale's business model of being a Project Generator showed its value to Yale's shareholders in 2010 by providing Yale with sufficient working capital to continue working on it's wholly owned projects and expand its portfolio of projects without diluting the Company by undertaking a financing. Yale added four properties to its comprehensive portfolio of projects in 2010. The Company was then successful in optioning out two of those properties - Guadalupe and Los Amoles.
Funding provided by Yale's partners in 2010 was approximately double that of 2009 � showing considerable growth in the Company's business plan. These expenditures were highlighted by the discovery of a previously unrecognized portion of the Marcos de Oro Vein within our wholly owned Guadalupe property. The intersection of 11.5 m averaging 2.03 g/t gold and 382.6 g/t silver (see news release dated Dec. 15, 2010) assures that additional work will be performed on the property. In addition, Yale's cash proceeds from its partners in 2010 was more than double that in 2009.
"For Yale to have raised that amount of money in 2010 we would have had to issue upwards of 18 million shares. By having partners help with the exploration of our projects we have kept dilution to a minimum", stated Ian Foreman, P.Geo., president of Yale.
Also during the year the Urique Project was returned to the Company. The option proved very successful in that a new high grade gold clavo was discovered within the El Rosario workings, with highlight samples grading: 9.74 g/t gold and 356.7 g/t silver over 1.68 m, 2.16 g/t gold and 92.5 g/t silver over 2.93 m, and 3.60 g/t gold and 108.2 g/t silver over 1.87 (see news release dated November 17, 2009). With the recent addition to the San Pedro target, Yale anticipates that it will be able to find a new partner for the property.
The projection for 2011 is for continued growth of Yale through the optioning of additional projects as well as increased exploration commitments on our current portfolio of optioned properties. In conjunction with working with our partners, Yale will continue to advance our wholly owned projects.
Yale anticipates that at least two projects will be drilled by partners in 2011 and that the Company will be able to drill at least one of its wholly owned projects.
Results are pending on the recent work program at Los Amoles completed on behalf of our partner Nature's Call and field work is anticipated to start shortly on the Company's newest property, Apache.
Stock Options:
The Company has granted 1,500,000 stock options to management, officers, directors and consultants of the Company at a value of $0.10 that will expire on January 24, 2014.
Samples from the Guadalupe property were prepared and analyzed by Stewart Labs in their facilities in Mexico and Kamloops, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 1% copper, lead and/or zinc are re-analyzed using their ore grade analysis. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.
Samples for the Urique Project were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 1 g/t gold were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Guadalupe property and the Urique Project. The Guadalupe property and the Urique Project are early stage projects with no reported resources that requires additional sampling and geological mapping to fully determine the project's potential.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
604-678-2531
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Friday, January 21, 2011

Gold Stocks; GOLD BULLION (TSX-V: GBB) INTERSECTS NEW MINERALIZED STRUCTURES IN LONG BARS ZONE; PREPARATIONS UNDERWAY FOR DRILL PROGRAM AT CASTLE SILVER MINE

Vancouver, British Columbia - January 21, 2011 (Investorideas.com Mining stocks Newswire) - Mr. Frank J. Basa reports: Gold Bullion Development Corp. (GBB, TSX.V) (the "Company" or "Gold Bullion") is pleased to report that Phase 2 drilling and nearly 11,000 metres of Phase 3 drilling at its 100% owned Granada Gold Property have intersected new mineralized structures throughout the LONG Bars Zone in both the Preliminary Block Model area and the Eastern Extension. Mineralization remains open in all directions and the Company expects to issue an overall exploration update on this large project, including a series of new assay results, in the very near future. The 50,000 metre program continues with two Landdrill International Inc. drill rigs. 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.
Meanwhile, the Company is also pleased to announce that a 6,000 metre Phase 1 drill program will commence by early next month at its Castle Silver Mine Property near Gowganda in northeastern Ontario.
The Castle Silver Mine, an historical producer of silver and cobalt, is within a basin shaped Nipissing diabase intrusive nearly 300 metres thick. Native silver mineralization is associated with vertical cobalt-nickel arsenide veins. The property covers 564 hectares.
The Phase 1 drill program at Castle has a three-fold purpose: 1) Historical workings will be tested for additional cobalt and silver mineralization; 2) Drilling below the historical horizon will attempt to intersect potential new silver mineralization associated with cobalt; and 3) Structures outside the areas of historical production will be tested for silver, cobalt and nickel potential. The program will be directed by Mr. Doug Robinson, P. Eng., and GENIVAR which is also managing the Company's exploration program at Granada.
Historical production at the Castle Silver Mine was taken from the upper half of the Nipissing diabase. Silver and cobalt deposits in and around the Cobalt Silver Mining Camp in northeastern Ontario are typically found below the center of the diabase.
"As we continue to develop our flagship asset at Granada, the drill program at the Castle Silver Mine will allow us to better evaluate our strategic options with regard to Castle so we can unlock maximum shareholder value for it," stated Frank J. Basa, Gold Bullion Development's President and CEO.
Gold Bullion will be exhibiting at Booth 1009 at the Vancouver Resource Investment Conference, January 23-24, 2011 at the Vancouver Convention Centre - West, 1055 Canada Place, Vancouver, British Columbia.
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 near 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
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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Thursday, January 20, 2011

Coal Stocks; Lucky Strike (TSX.V-LKY) Appoints New Director Kevin Ernst

VANCOUVER, BRITISH COLUMBIA, CANADA - January 20, 2011 (InvestorIdeas.com Newswire) - Lucky Strike Resources Ltd. (TSX.V-LKY), is pleased to announce that Mr. Kevin Ernst has joined its Board of Directors.
Mr. Ernst is the former Managing Director of Global Sale for the American Stock Exchange. He has over 22 years of high net worth services and investment management consulting experience with the financial industry's leading organizations including Merrill Lynch, UBS, NYSE Amex and NYSE Euronext China.
Mr. Ernst earned both his Bachelor's Degree and MBA in Finance from Rutgers University. He also earned a Certified Investment Management Analyst (CIMA) designation through the Wharton School of the University of Pennsylvania and holds both his Series 7 and 66 registrations with FINRA.
Mr. Ernst currently serves as managing partner at Ernst Capital Partners, Inc., a boutique financial advisory firm with broad experience in mining and oil and gas companies in the U.S, and Canada and the People's Republic of China.
Most recently,
Mr. Ernst served as Managing Partner at Grandview Capital Inc; where he specialized in executing capital market transactions for both private and public companies, including reverse mergers, PIPE financings, private placements and structuring transactions in Prior to joining Grandview Capital, Mr. Ernst spent 8 years serving as Managing Director for the NYSE Euronext/NYSE Amex where he directed and advised the U.S. senior exchange listings for hundreds of companies based in Canada, China, Australia and the U.S.
Prior to joining NYSE AMEX in 2000, Mr. Ernst was a Director for UBS's Investment Consulting Services Group where he managed a 17 person institutional sales team. Prior to UBS, Mr. Ernst worked in Merrill Lynch's Private Client Division for 12 years.
For Lucky Strike, Mr. Ernst will focus on sourcing additional opportunities for the company.
About Lucky Strike:
Lucky Strike Resources Ltd. is a Canada-based exploration stage company. The Company is engaged in the process of exploring and/or developing coal properties in Guizhou province in China. The Company also has property in Yreka, British Columbia, Canada. The Changyun coal project is a former past producing mine and is located some 25 km northeast of Bijie City in Guizhou province, approximately two hours north by air from Hong Kong. The permitted mine covers a total area of 2.0954 sq. km and is surrounded by approximately 20 sq. km of highly prospective exploration area, where available geological data supports the potential presence of significant coal resources of high quality Anthracite coal within the area. The local area has well established infrastructure for the Changyun project to resume production and coal buyers to pick up coal FOB at the mine site.
The Changyun coal project is a former past producing mine and is located some 25 km northeast of Bijie City in Guizhou province, approximately two hours north by air from Hong Kong. The permitted mine covers a total area of 2.0954 sq. km and is surrounded by approximately 20 sq. km of highly prospective exploration area, where available geological data supports the potential presence of significant coal resources of high quality Anthracite coal within the area. The local area has well established infrastructure for the Changyun project to resume production and coal buyers to pick up coal FOB at the mine site.
On behalf of Management
Lucky Strike Resources Ltd.
"Cathy Fong"
Cathy Fong, Chairman & CEO, Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange C! ommission.

Wednesday, January 19, 2011

Mining Stocks; YALE (TSX-V: YLL) Adds Second Drill Ready Target to Urique Project

January 19, 2011 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report the addition, by staking, of a key 180 hectare parcel of land in the core of the San Pedro Target of its Urique Project. Yale now controls all the ground covering the entire San Pedro Target, which was previously identified as one of the two most significant areas of alteration and mineralization within the wholly owned 281 sq km Urique Project, located in western Chihuahua State, Mexico.
San Pedro is host to multiple variably oriented veins that create a large scale stockwork. Local high grade results are highlighted by the following previously unreleased samples from the newly acquired ground:
  • 137.5 g/t gold and 133.0 g/t silver over 0.25 metres;
  • 28.30 g/t gold and 315.0 g/t silver from a panel sample measuring 2.0 by 3.0 metres;
  • 30.80 g/t gold and 450.0 g/t silver over 0.70 metres;
In addition to covering the continuation of the Sangre de Cristo deposit - an important historical gold mine - the San Pedro Target has discrete high grade gold veins and disseminated mineralization within the host rocks suggesting that the area has the potential to contain a bulk tonnage gold deposit. The strong argillic alteration of the host rocks has been interpreted to represent the upper portions of a high sulfidation deposit.
Yale has taken in excess of 200 samples within the greater San Pedro area dating back to 2007, which lead to the Company to making this a priority acquisition.
Highlight samples from the newly acquired ground are:
InvestorIdeas.com Newswire Sampling previously announced by Yale (see news release dated April 24, 2007) from the San Pedro Target area includes:
InvestorIdeas.com Newswire About the Urique Property:
The Urique Project is wholly owned by Yale's Mexican subsidiary, Minera Alta Vista S.A. de C.V. and covers approximately 280 square kilometres of land that stretches over 40 km from the northern boundary of Goldcorp's El Sauzal property � host to the El Sauzaul gold mine � to the southern boundary of Kimber Resources Monterde property � host to an estimated resource in excess of 800,000 ounces gold and 30,000,000 ounces silver. The Urique Project contains 9 known gold and silver targets may represent one of the largest under explored packages of land in the central Sierra Madre Precious Metal Belt.
Samples from the San Pedro Target were prepared and analyzed by ALS Chemex at their labs in Mexico and Vancouver and generally consisted of 1-3 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish; samples with more than 10 g/t gold (over limit) were analyzed using gravimetric methods. Silver was analyzed as part of a multi-element ICP package using an aqua regia digestion; samples with more than 100 g/t silver (over limit) were analyzed by AA.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Urique property. The Urique property is an early stage project with no reported resources that requires additional sampling, geological mapping and drilling to fully determine the project's potential.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Statements in this press release, other than purely historical information, including statements relating to the Company�s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
604-678-2531
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Tuesday, January 18, 2011

Investor Podcast Series; Hear Interviews with CEO's of Mining Stocks, Energy Stocks

Investor Podcast Series;  Hear Interviews with CEO's of  Mining Stocks, Energy Stocks 

POINT ROBERTS, Wash., January 18, 2011 - www.InvestorIdeas.com, a global investor research portal, specializing in sector research, reports it will be re-launching its investor audio series of podcasts for 2011.

Investor ideas investor podcasts feature interviews with management of publicly traded companies in leading sectors including energy stocks, mining stocks, cleantech and more.

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Mining and Gold Stocks Directory - Global Mining and Gold Stocks Directory in PDF format lists over 1100 publicly traded mining companies. Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. directory features hyperlinks to stocks symbol(s), company’s URL and company’s description.

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Biotech Stocks Directory - Global Directory of Publicly Traded Biotech,Pharma and Life Sciences Stocks ,on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading global Stock Exchanges . The directory covers all sub sectors of biotech including nanotech, biodefense and stem cell stocks. The directory includes small cap, micro cap as well as large cap NYSE listed stocks for investors The comprehensive global directory in PDF format provides a great research tool for biotechnology investors with hyperlinks to stocks symbol(s), company's URL and company's description.

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Nanotechnology Stocks Directory - Investorideas.com global stock directory of publicly traded nanotech stocks on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM, Hong Kong and China and other leading Stock Exchanges. Directory includes nanotech- biotech companies, nanotech water and renewable energy companies and more. Directory features company description, stock symbol and hyperlink to recent quote and info, link to website and more.

Investorideas.com Members currently have 24/7 online access to the  exclusive subscriber-only eleven stock directories in leading sectors including renewable energy, water, mining, defense, biotech, nanotech and energy stocks.

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Friday, January 14, 2011

Mining Stocks; AMI RESOURCES (TSX.V:AMU) ENGAGES CONTACT FINANCIAL FOR INVESTOR RELATION SERVICES

Vancouver, B.C. - January 14, 2011 (Investorideas.com Mining Stocks Newswire) - The Company (AMI Resources Inc. - TSX-V Symbol AMU) has engaged Contact Financial Corp. to develop and execute a comprehensive marketing and investor communications program to help raise awareness of the company over a three month renewable term, subject to TSX approval.
Contact Financial is a privately owned strategic marketing and communications firm, based in Vancouver, B.C. that will increase AMI Resources exposure throughout the global investment community. Contact Financial will be responsible for providing advice to the company with respect to corporate development, producing and distributing effective marketing communications tools and increasing awareness with private investors, analysts, brokers, money managers and other financial professionals. For more information about Contact Financial Corp. please visit their website at www.contactfinancial.com
Contact Financial is at arm's length to AMI Resources, and, to the company's knowledge, neither Contact Financial nor its principals presently have any interest, direct or indirect in AMI Resources or its securities, however they have the right to acquire such an interest.
Under the renewable agreement, Contact Financial will receive an upfront fee of $25,000 for an initial term of three months, and $6,000 per month, on a month-to-month basis, thereafter. Contact Financial will also receive 300,000 incentive stock options, with a life of 3 years from the date of signing to purchase common shares of the company a strike price of $0.20 per share. Such options will vest in quarters over a 12-month period with vesting restrictions in accordance with TSX Venture Exchange policies. Any vested but unexercised options will expire within 30 days of the date that Contact Financial ceases to provide services to the company. Any Options, which are not vested, will expire immediately upon Contact Financial ceasing to provide services to the company.
We seek safe harbour.
"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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Argentina Gold Stock, Soltera Mining Corp. (OTCPK: SLTA) Trades Up 7.41%

Point Roberts, WA - January 14th 2011 - www.InvestorIdeas.com, a leader in investor research in multiple sectors including gold and mining stocks issue a technical trading alert and stock chart for showcase gold mining stock Soltera Mining Corp. (OTCPK:SLTA, FRANKFURT: SN7). The stock closed at $0.29, up 0.02 (7.41%) January 13th.
InvestorIdeas Mining Newswire Investors can view the company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Soltera Mining Corp. (OTCPK: SLTA) is a gold exploration company concentrating on its large-scale El Torno Gold Project in the Province of Jujuy in north-west Argentina. Soltera is an unusual exploration company in the sense that it is following two distinct lines of action: the first is to explore potentially large vein and dispersed gold deposits that occur within the 78 km2 title area; while the second is to develop the easily exploited and substantial surficial gold deposits that have formed by weathering of the underlying gold-bearing bed rocks.
Portfolio Highlights:
Major gold exploration project at El Torno in Argentina with large-scale potential for both underground and open-pit mining.
Near-term small-scale gold production being developed from gold-bearing surficial deposits found in several parts of the area.
Visit the company website at http://www.solteramining.com/
Properties Page:http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
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Thursday, January 13, 2011

Coal Stocks; Lucky Strike (TSX.V-LKY) Appoints Vice President Of Project Development

VANCOUVER, BRITISH COLUMBIA, CANADA - January 13, 2011 (InvestorIdeas.com Newswire) - Lucky Strike Resources Ltd. (TSX.V-LKY), is pleased to announce the appointment of Xin Ping Qin as the Vice President of Project Development of the Company.
Mr. Qin with more than 20 years of underground coal mining engineering was the president of the Guangxi Industrial Design Institute. He is a leader in technical skills, mine plan and project management having overseen more than 200 mining professionals. Mr. Qin is a graduate of the Jiaozuo Mining Institute in underground coal mining engineering in 1982. Mr. Qin is an expert in troubleshooting mining problems and design of underground mines. His duties will include project evaluation for acquisitions and strategic initiatives in growing Lucky Strike Resources.
Mr. Qin is multilingual in Chinese (Mandarin & Cantonese) and English. He resides in Canada and will be based part-time in China. He has excellent interpersonal skills and great understanding of the Chinese culture, which will assist the Company in achieving its vision in playing a significant role in China's coal production growth.
About Lucky Strike:
Lucky Strike Resources Ltd. is a Canada-based exploration stage company. The Company is engaged in the process of exploring and/or developing coal properties in Guizhou province in China. The Company also has property in Yreka, British Columbia, Canada. The Changyun coal project is a former past producing mine and is located some 25 km northeast of Bijie City in Guizhou province, approximately two hours north by air from Hong Kong. The permitted mine covers a total area of 2.0954 sq. km and is surrounded by approximately 20 sq. km of highly prospective exploration area, where available geological data supports the potential presence of significant coal resources of high quality Anthracite coal within the area. The local area has well established infrastructure for the Changyun project to resume production and coal buyers to pick up coal FOB at the mine site.
On behalf of Management
Lucky Strike Resources Ltd.
"Cathy Fong"
Cathy Fong, Chairman & CEO, Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange C! ommission.

Tuesday, January 11, 2011

CURRIE ROSE (TSX.V- CUI) ADVANCES TANZANIAN PROJECTS DRILL PROGRAM COMMENCES AT SCADDING GOLD PROPERTY

January 11, 2011 (Investorideas.com Mining stocks newswire) Mr. Harold Smith reports: Currie Rose Resources (TSX.V- CUI) is very pleased to provide the following exploration and corporate update:
Mabale Hills Gold Project
Currie Rose has intersected near-surface gold mineralization along a strike length of 300 metres in its first-ever drill program at Sisu River, one of several prospective properties at its 260-square kilometre Mabale Hills Project in the prolific Lake Victoria Greenstone Belt of northwest Tanzania.
Drill hole MBMR-01 returned three metres grading 9.89 g/t Au (including one metre of 28.25 g/t Au) while MBMR-013 intersected 11 g/t Au over three metres (including one metre of 21.25 g/t Au). Six holes in the 2,587-metre reverse circulation (RC) drill program encountered significant gold mineralization while an additional 12 holes also intersected mineralization (low grade). Based on these results, the company has contracted Layne Drilling Tanzania for a major follow-up drill program this spring utilizing a multi-purpose rig (diamond drilling and RC). Currie Rose is also immediately proceeding with a satellite imagery analysis of the Sisu River anomaly which will include a potassium alteration interpretation. A deep penetrating IP survey will also be conducted as soon as weather conditions permit.
"We have outlined a significant near-surface expression at Sisu River with a zone that is open both to the north and the south and at depth," states Michael Griffiths, Currie Rose's consulting geologist. "We've also discovered at least two parallel zones of low grade material suggesting multiple shear zones. Most of the 26 holes were drilled to vertical depths of only 85 to 95 metres. Our goal in Phase 2 will be to drill underneath the encouraging intercepts we found in Phase 1 for the potential of wider zones and higher grade material at vertical depths between 100 and 150 metres. We're optimistic because other deposits in Tanzania show similar near-surface expressions."
Sisu River is approximately six kilometres northeast of Currie Rose's Mwamazengo Property where over 6,000 metres of drilling by the Company has confirmed the presence of a mineralized zone that is continuous for 240 metres along strike and down dip from the surface to approximately 200 metres and remains open at depth. Notable high-grade intercepts from different holes include 12 metres grading 9.11 g/t Au, 31 metres grading 5.97 g/t Au, 34 metres grading 3.60 g/t Au, and 63 metres grading 2.59 g/t Au. The Company is reviewing all of its exploration data regarding Mwamazengo and will be utilizing enhanced geophysical techniques in order to gain a better understanding of this robust mineralized system in preparation for a new drill program this spring.
Only a small portion of the large Mabale Hills Project has been systematically explored. The Company believes the area has strong exploration upside and expects to define a series of promising new regional targets in the near future. Mabale Hills has similar geological characteristics to the multi-million ounce Geita Gold Mine, approximately 65 kilometres to the northeast, where gold is found in shear zones within banded iron formations.
Sekenke Gold Project
The Sekenke Gold Project, approximately 200 kilometres from Mabale Hills at the southeastern end of the Lake Victoria Greenstone Belt, will be a major focus of Currie Rose's exploration efforts this year. A 5,000 metre Phase 1 drill program will commence this spring at Sekenke, a land package that covers nearly 300 square kilometres and surrounds and runs in between two past producing historic high-grade mines. The Phase 1 drill program, using a multi-purpose rig, will test the highest priority targets derived from an extensive ground-based and airborne geophysical program as well as satellite imagery.
Currie Rose has already identified a highly prospective structure (12 km x 800 metres) within a shear zone on the margins of a large granite intrusion that hosts numerous quartz reefs of the same type and even larger than those that developed at the nearby historic mines.
Scadding Gold Property
The Company is pleased to report that an 8,000 metre Phase 2 drill program is scheduled to commence tomorrow, January 11, at its Scadding Gold Mine Property near Sudbury, Ontario. Trueclaim Exploration (TSX.V � TRM), the operator, is absorbing the entire cost of this program as part of its option to earn a 51% interest in the Scadding Project. A promising Phase 1 drill program produced multiple high-grade gold intercepts across significant lengths in holes throughout the five zones identified to date at this former producing mine, including 12.9 g/t Au over 19 metres in TRM-10-07.
Phase 2 drilling at Scadding will target areas of chlorite breccia, the host rock for the gold mineralization, and is designed to confirm zone to zone continuity of mineralization. In addition, previous underground workings where high grades were recovered will be explored to test the potential for a significant extension of this mineralized system at depth.
Corporate Developments
Due to the exercising of warrants, Currie Rose's working capital has increased to $2 million. This provides the company with ample resources to complete a major exploration program in Tanzania over the coming months which is warranted due to the very encouraging early stage results to date at the Mabale Hills and Sekenke Projects.
"We hold a very large and strategic land position in the Lake Victoria Greenstone Belt, a proven gold producing region with several significant deposits and operating mines in close proximity to our properties," explains Harold Smith, Currie Rose President and CEO. "2011 is going to be our busiest year ever for exploration as we will be working vigorously to unlock the value of our projects. We are in a prolific area of Tanzania where of course there are also additional opportunities and potential synergies that we are examining. In that regard our focus is on advanced situations and if they have the potential to enhance shareholder value, we will pursue them."
Drill result highlights from Sisu River and detailed geological information concerning its
Tanzanian and Scadding gold properties are available at the company's web site, www.CurrieRose.com.
BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.
"Harold Smith"
Harold Smith
President
Notes:
  1. All Assay values are uncut.
  2. As there is insufficient data to calculated true widths, drill intercept lengths only are reported.
  3. A Quality Assurance/Quality Control program is part of the drilling program on the Mabale Hills Project. This program includes chain of custody protocol as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling.
  4. A description of the geology, sampling procedures, and the Company's laboratory Quality Assurance / Quality Control procedures are as described in the Company's National Instrument 43-101 Technical Report filed on March 21, 2005. This report is available at www.sedar.com.
  5. Samples are prepared and analysed at ALS Laboratories � Mwanza, Tanzania.
The Qualified Person for the release of this exploration information is Michael Griffiths AusIMM, Director of Currie Rose Resources Inc. and Executive Director of Chalice Gold Mines Limited.
"This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the and properties and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation."

ANTIMONY EXPLORATION � RESOURCE CALCULATION DRILLING PLANNED

Vancouver, Canada - January 11, 2011 (Investorideas.com Mining stocks newswire) - Adroit Resources Inc. (TSXV: ADT & FSE: A7V) Management is pleased to report that field work resumed in November 2010 on its wholly owned antimony permits in Grosseto Province, Italy. The on-going program comprises soil and rock sampling, ground geophysical surveying, geological mapping and drilling. Drilling is planned to start in the second quarter of 2011 with the objective of producing compliant resource calculations contained within the Company's exploration permits.
The antimony project covers four permits in the Manciano region (some 50km South of Grosseto, the capital of the Province of Grosseto), by world standards, a historical significant producer of antimony with several deposits mined over the past century. Production in the area ceased in the late 1980s with the closure of the Tafone Mine. Between 1966 and 1986 the area produced repordetly 950,000t of ore yielding over 16,500t of antimony metal.
The programme follows-up on extensive data compilation and interpretation as well as on reconnaissance surveying carried out since the renewal of the permits (see News Release of March 26, 2010). The current programme aims at confirming historical resource data and at testing the extent of the antimony mineralization in all of the four permits to produce compliant resource calculations.
Exploration and resource evaluation, carried out prior to the mine closures, indicated the presence of considerable historic antimony resources in the district and, more particularly, within the Company's 100% owned permits. Work carried out in the 1980s on the Faggio Scritto prospect, astride the Poggio Pietricci and Faggio Scritto tenements, indicated the presence of over 2.8Mt of ore grading 0.77% Sb, yielding over 21,000t of antimony metal, including a higher-grade zone of about 465,000t grading 1.58% Sb. The mineralization, which was never mined, occurs near surface, and remains open in several directions (See News Releases of June 13, 2007 and February 4, 2008). It occurs in close vicinity to the former Macchia Casella mine which reportedly produced over 1,100 tons of Sb metal from high-grade ore (>10%) between 1939 and 1953. Historical workings carried out on the company's other antimony prospects estimated resources of respectively 25,000t grading 1.3% Sb at Poggio Monticchio and 31,500 tonnes at 1.5% antimony on the I Salaioli prospect. These resources remain open in several directions.
The above resource estimates and the historical data are non-conformable with National Instrument 43-101, �Standards of Disclosure for Mineral Deposits�. These historical reports have not yet been independently verified by the Company and the Company is not relying upon them.
The antimony mineralization occurs in close spatial and genetic relation with the gold mineralization, recognized in the area (see, amongst others, News Release of 22 December 2006). Both occur preferentially in Mesozoic carbonate-evaporitic formations, are associated with regional structural features and are related to recent igneous activity. The idealized prototype of a southern Tuscan antimony deposit can be described as an irregular mineralization situated in the upper part of a highly porous limestone unit, usually the Calcare Cavernoso (�vuggy limestone�), overlain by an impermeable unit, normally a flysch-type rock. The deposits are bound to the edge of horst positions and also to areas of elevated geothermal gradient and resulting hydrothermal activity.
Antimony has many diversified and indispensable uses both for commercial and military applications. Antimony prices recently soared as global demand surges and output considerably declined as Hunan province, China's largest producing region, curbs output to comply with central government restrictions. China reportedly contributes around 90 percent of world output.
Mr. Franceschi, a Qualified Person under the guidelines of National Instrument 43-101, has reviewed and approved the geological information contained in this news release.
Adroit Resources Inc. is a mineral exploration company that is currently exploring for Gold, Silver and Antimony in Groseto Province, Italy and diamonds, precious and base metals in the Timmins/Shining Tree/Temagami/Cobalt and Bancroft areas of Ontario, Canada. In addition, Adroit is seeking new precious and base metal projects to add to its expanding portfolio. The Company's issued and outstanding share capital is 97,950,049.
On behalf of the Board of Directors
Graeme Rowland
Chairman and President
Adroit Resources Inc. 510 � 1190 Melville Street, Vancouver, B.C., V6E 3W1
(604) 688-3304
info@adroitresources.ca
web site: www.adroitresources.ca
Blackwell (Corporate Advisor)
(416) 364-3123
blackwell@tcn.net
Note: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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