New York, NY - February 28, 2012 - www.InvestorIdeas.com, a global investor research portal, specializing in sector research for independent investors, issues releases the following trading and news snapshot for silver stock, SilverCrest Mines Inc. ( TSX-V:SVL, OTCQX: STVZF). The stock is trading up at $2.95, up 0.24 (8.86%) 1:07PM EST on over 400,000 shares, with a day's high of $2.97.
The Company announced on February 21st it filed the NI43-101 Technical Report and initial resource estimation for its La Joya Property in Durango, Mexico. Inferred Resources previously announced in a news release dated January 5, 2012 are estimated at 57.9 million tonnes grading 28 gpt silver, 0.18 gpt gold, and 0.21% copper.
SilverCrest Mines Inc. (TSX-V: SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
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Tuesday, February 28, 2012
Thursday, February 23, 2012
Mining Stocks; YALE (TSX-V: YLL) Expands Gold Mineralized Zones at San Pedro, Urique
VANCOUVER, British Columbia - February 23, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that a comprehensive work program is now underway at the Urique Project, located in Chihuahua State, Mexico, immediately north of Goldcorp's El Sauzal gold mine and immediately south of Kimber Resources' Monterde Property. Work at Urique is being performed on behalf of optionee Mammoth Resources Ltd. (MTH � TSX.V).
The initial results from sampling at the San Pedro Target has identified multiple new zones of gold mineralization and confirmed the strong potential of previously known zones. Gold and silver mineralization at San Pedro is interpreted to be low to intermediate sulfidation and occurs as widely spaced quartz vein/stockwork zones and shear zones associated with felsic dykes hosted in strongly altered volcanic rocks.
Important gold values (greater than 0.3 g/t Au) now have been identified throughout an area measuring approximately 1,400 metres by 1,000 metres. In this initial phase, 121 rock chip samples were taken from quartz veins/stockwork zones and their immediate wall rock near or at the entrance of small mine workings. Highlights from this first widespread sampling are listed below:
To date only a combined 50.6 linear meters of trenches have been sampled. A number of trenches are open and need to be extended to fully define the following results (see table above for detail):
The Company currently has four geologists dedicated to the project based out of two camps that are used as the bases of operations to cover the northern portion of the property � Urique North and the southern portion of the property � Urique South.
Work in Urique North will be concentration on the San Pedro target before moving on to the Cuiteco Target and other anomalies whereas the field program in Urique South Ongoing work will continue to develop a geological database and understanding of the Urique Target Area, which contains greater than 20 historic producing mines, as well as investigate numerous other targets and prospects located in the southern portion of the property that borders Goldcorp's El Sauzal property. The goal of this work is to advance the primary target areas to the drill-ready stage as rapidly as possible.
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has nine projects in its portfolio of which five are optioned out with commitments totalling approximately $1.3 M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
Ian Foreman, P.Geo, is Yale's Qualified Person, according to National Instrument 43-101, for the Dos Naciones properties and is responsible for any technical data mentioned in this news release.
Samples from Dos Naciones 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 analyses were performed by 30 gram fire assay with an AA finish. Silver, copper, lead and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits.
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.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531
The initial results from sampling at the San Pedro Target has identified multiple new zones of gold mineralization and confirmed the strong potential of previously known zones. Gold and silver mineralization at San Pedro is interpreted to be low to intermediate sulfidation and occurs as widely spaced quartz vein/stockwork zones and shear zones associated with felsic dykes hosted in strongly altered volcanic rocks.
Important gold values (greater than 0.3 g/t Au) now have been identified throughout an area measuring approximately 1,400 metres by 1,000 metres. In this initial phase, 121 rock chip samples were taken from quartz veins/stockwork zones and their immediate wall rock near or at the entrance of small mine workings. Highlights from this first widespread sampling are listed below:
To date only a combined 50.6 linear meters of trenches have been sampled. A number of trenches are open and need to be extended to fully define the following results (see table above for detail):
- Trench 2 - first sample returned 1.55 g/t gold
- Trench 4 - first sample returned 3.77 g/t gold
- Trench 6 - first sample returned 18.78 g/t gold and the last sample returned 1.63 g/t gold
- Trench 7 - first sample returned 0.53 g/t gold and the last sample returned 4.07 g/t gold
The Company currently has four geologists dedicated to the project based out of two camps that are used as the bases of operations to cover the northern portion of the property � Urique North and the southern portion of the property � Urique South.
Work in Urique North will be concentration on the San Pedro target before moving on to the Cuiteco Target and other anomalies whereas the field program in Urique South Ongoing work will continue to develop a geological database and understanding of the Urique Target Area, which contains greater than 20 historic producing mines, as well as investigate numerous other targets and prospects located in the southern portion of the property that borders Goldcorp's El Sauzal property. The goal of this work is to advance the primary target areas to the drill-ready stage as rapidly as possible.
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has nine projects in its portfolio of which five are optioned out with commitments totalling approximately $1.3 M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
Ian Foreman, P.Geo, is Yale's Qualified Person, according to National Instrument 43-101, for the Dos Naciones properties and is responsible for any technical data mentioned in this news release.
Samples from Dos Naciones 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 analyses were performed by 30 gram fire assay with an AA finish. Silver, copper, lead and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits.
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.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531
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Friday, February 17, 2012
Gold and Mining Stocks; Gold Bullion (TSX-V: GBB) Enters Into Option Agreement to Acquire Beaver and Violet Silver Properties, Postpones Castle Silver Mines IPO
VANCOUVER - February 15, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) is pleased to announce that it has entered into an option agreement with Ansil Resources Ltd. that gives Gold Bullion the option to acquire 100% ownership of both the Beaver and Violet silver properties located in the township of Coleman, Ontario.
To acquire ownership of both properties, Gold Bullion paid $10,000 to Ansil Resources and over the next seven years must incur an aggregate of $100,000 in expenditures on the properties. Gold Bullion is also required to make annual payments to Ansil Resources for a period of five years in an aggregate amount of $60,000 for pre-payment of a 3% net smelter return royalty held by Ansil Resources. Gold Bullion retains the right to purchase the 3% NSR royalty by paying $1.5 million to Ansil Resources for each percentage point of the NSR royalty.
The Beaver property consists of a single 20-acre claim; the N part, NW1/4, N1/2 Lot 1, Concession III is located in Coleman Township near the town of Cobalt, roughly 80 kilometres southeast of Gold Bullion's Castle Silver Mine near Gowganda, Ontario.
Beaver Consolidated Mines Ltd. produced 221.7 tonnes silver (7,127,858 ounces) from the Beaver Property between 1907 and 1940. The silver was mined from near-vertical Ag-Co-Ni veins near the upper contact of a shallow Nipissing diabase intrusive. This intrusive crosscuts Archean age sedimentary and volcanic rocks.
Production from the mines adjoining the Beaver Mine directly to the South and West were: Temiskaming Mine, 376.9 tonnes silver (12,118,796 ounces), Brady Lake Mine, 96.4 tonnes silver (3,100,000 ounces), Cobalt Load, 139.8 tonnes silver (4,493,725 ounces) and the Christopher Mine, 127.5 tonnes silver (4,100,000 ounces), also in close proximity to the upper contact area of the same Nipissing diabase intrusive.
Between 1977 and 1989 Agnico Eagle Mines produced 124 tonnes silver (3,986,761 ounces) broken down as follows: 122.96 tonnes silver (3,953,319 ounces) from the Cobalt Lode and Duchess claims south of the Beaver property, 0.929 tonnes silver (29,878 ounces) from the Beaver property and 0.111 tonnes silver (3,564 ounces) from the Brady Lake claims. All production was from the lower contact area of the Nipissing diabase. The properties were accessed from the 1,600 foot (487.68 metre) level of the Beaver Shaft and later from a cross cut driven from the Temiskaming Shaft.
Gold Bullion believes that diamond drilling of the lower contact area of the Beaver property is warranted to test a near flat fault known to exist in the Beaver property. A similar flat fault in the Duchess and Cobalt load appears to have been a controlling feature in the ore mined by Agnico Eagle.
Gold Bullion also announces that it has decided to postpone, for market reasons, the previously-announced initial public offering by Castle Silver Mines Inc., and a secondary offering to the shareholders of Gold Bullion of shares of Castle Silver Mines by way of dividend in kind, as set out in Castle Silver Mines' final prospectus dated November 10, 2011.
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 Property near Rouyn-Noranda, Quebec.
For more information on Gold Bullion Development Corp. (TSXV:GBB.V) (OTCPINK:GBBFF), visit our web site: : www.GoldBullionDevelopmentCorp.com
The 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.
For further information contact:
Frank J. Basa, P.Eng., President and Chief Executive Officer, Tel: (514) 397-4000
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email info@progressive-ir.com
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.
To acquire ownership of both properties, Gold Bullion paid $10,000 to Ansil Resources and over the next seven years must incur an aggregate of $100,000 in expenditures on the properties. Gold Bullion is also required to make annual payments to Ansil Resources for a period of five years in an aggregate amount of $60,000 for pre-payment of a 3% net smelter return royalty held by Ansil Resources. Gold Bullion retains the right to purchase the 3% NSR royalty by paying $1.5 million to Ansil Resources for each percentage point of the NSR royalty.
The Beaver property consists of a single 20-acre claim; the N part, NW1/4, N1/2 Lot 1, Concession III is located in Coleman Township near the town of Cobalt, roughly 80 kilometres southeast of Gold Bullion's Castle Silver Mine near Gowganda, Ontario.
Beaver Consolidated Mines Ltd. produced 221.7 tonnes silver (7,127,858 ounces) from the Beaver Property between 1907 and 1940. The silver was mined from near-vertical Ag-Co-Ni veins near the upper contact of a shallow Nipissing diabase intrusive. This intrusive crosscuts Archean age sedimentary and volcanic rocks.
Production from the mines adjoining the Beaver Mine directly to the South and West were: Temiskaming Mine, 376.9 tonnes silver (12,118,796 ounces), Brady Lake Mine, 96.4 tonnes silver (3,100,000 ounces), Cobalt Load, 139.8 tonnes silver (4,493,725 ounces) and the Christopher Mine, 127.5 tonnes silver (4,100,000 ounces), also in close proximity to the upper contact area of the same Nipissing diabase intrusive.
Between 1977 and 1989 Agnico Eagle Mines produced 124 tonnes silver (3,986,761 ounces) broken down as follows: 122.96 tonnes silver (3,953,319 ounces) from the Cobalt Lode and Duchess claims south of the Beaver property, 0.929 tonnes silver (29,878 ounces) from the Beaver property and 0.111 tonnes silver (3,564 ounces) from the Brady Lake claims. All production was from the lower contact area of the Nipissing diabase. The properties were accessed from the 1,600 foot (487.68 metre) level of the Beaver Shaft and later from a cross cut driven from the Temiskaming Shaft.
Gold Bullion believes that diamond drilling of the lower contact area of the Beaver property is warranted to test a near flat fault known to exist in the Beaver property. A similar flat fault in the Duchess and Cobalt load appears to have been a controlling feature in the ore mined by Agnico Eagle.
Gold Bullion also announces that it has decided to postpone, for market reasons, the previously-announced initial public offering by Castle Silver Mines Inc., and a secondary offering to the shareholders of Gold Bullion of shares of Castle Silver Mines by way of dividend in kind, as set out in Castle Silver Mines' final prospectus dated November 10, 2011.
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 Property near Rouyn-Noranda, Quebec.
For more information on Gold Bullion Development Corp. (TSXV:GBB.V) (OTCPINK:GBBFF), visit our web site: : www.GoldBullionDevelopmentCorp.com
The 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.
For further information contact:
Frank J. Basa, P.Eng., President and Chief Executive Officer, Tel: (514) 397-4000
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email info@progressive-ir.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Visit the GBB showcase profile at Investorideas.com
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Disclosure, Disclaimer/ GBB is a paid advertising client on Investorideas.com and our mining portals.
Disclosure, Disclaimer/ Investorideas.com is paid by GBB to publish news and distribute content through Investordeas.com Newswire and its syndicated partners and blogs (five hundred per month)
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Disclosure, Disclaimer/ GBB is a paid advertising client on Investorideas.com and our mining portals.
Tuesday, February 07, 2012
Gold Stocks; Gold Bullion (TSX-V: GBB) Adopts Shareholder Rights Plan
VANCOUVER - February 7, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) ("Gold Bullion" or the "Company") is pleased to announce that it has adopted a shareholder rights plan (the "Rights Plan") designed to encourage the fair treatment of its shareholders in the event of an unsolicited take-over bid for shares of the Company. The Rights Plan is designed to give the Company's shareholders sufficient time to properly assess a take-over bid without undue pressure and to give the Company's Board of Directors time to consider alternatives that allow the Company's shareholders to receive full and fair value for their common shares.
Pursuant to the Rights Plan, each holder of record of the outstanding common shares of the Company on February 1, 2012 will be issued one right per common share. The rights will trade with the common shares and be represented by the certificates representing common shares. Although the Rights Plan is effective immediately, it is subject to TSX Venture Exchange approval and must be ratified by the shareholders of the Company within six (6) months of its adoption. The Rights Plan will be submitted to the shareholders of the Company for ratification at the Annual General and Special Meeting of Shareholders to be held April 12, 2012.
A copy of the Rights Plan is posted and available for viewing on http://sedar.com/.
The Rights Plan is similar to shareholder rights plans adopted by numerous other Canadian corporations. Neither the Board nor senior management of the Company is aware of any current, pending or threatened take-over bid for the Company.
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 Property near Rouyn-Noranda, Quebec.
For more information on Gold Bullion Development Corp. (TSXV:GBB.V) (OTCPINK:GBBFF), visit our web site: : www.GoldBullionDevelopmentCorp.com
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.
For further information contact:
Frank J. Basa, P.Eng., President and Chief Executive Officer, Tel: (514) 397-4000
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email info@progressive-ir.com
Pursuant to the Rights Plan, each holder of record of the outstanding common shares of the Company on February 1, 2012 will be issued one right per common share. The rights will trade with the common shares and be represented by the certificates representing common shares. Although the Rights Plan is effective immediately, it is subject to TSX Venture Exchange approval and must be ratified by the shareholders of the Company within six (6) months of its adoption. The Rights Plan will be submitted to the shareholders of the Company for ratification at the Annual General and Special Meeting of Shareholders to be held April 12, 2012.
A copy of the Rights Plan is posted and available for viewing on http://sedar.com/.
The Rights Plan is similar to shareholder rights plans adopted by numerous other Canadian corporations. Neither the Board nor senior management of the Company is aware of any current, pending or threatened take-over bid for the Company.
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 Property near Rouyn-Noranda, Quebec.
For more information on Gold Bullion Development Corp. (TSXV:GBB.V) (OTCPINK:GBBFF), visit our web site: : www.GoldBullionDevelopmentCorp.com
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.
For further information contact:
Frank J. Basa, P.Eng., President and Chief Executive Officer, Tel: (514) 397-4000
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email info@progressive-ir.com
Visit the GBB showcase profile at Investorideas.com
Request News and Info on GBB
Disclosure, Disclaimer/ GBB is a paid advertising client on Investorideas.com and our mining portals.
Request News and Info on GBB
Disclosure, Disclaimer/ GBB is a paid advertising client on Investorideas.com and our mining portals.
Mining Stocks; YALE (TSX-V: YLL) DRILLS 10.5 m AVERAGING 1.04 % COPPER AT DOS NACIONES
VANCOUVER - February 7, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that it has received results for the three holes, drilled on behalf of its optionee Del Toro Silver Corp. (DTOR � OTCBB), at the Dos Naciones property, located in Sonora State, Mexico.
Drilling at Dos Naciones was successful in confirming the presence of multiple outcropping skarn targets. Drilling in the strongly altered and fractured ground proved very difficult and each of the three holes was terminated before reaching the target depth due to technical reasons.
The table below summarizes the results received:
Drill holes D2N-01 and D2N-02 were drilled into and beside, respectively, the La Espanola skarn target, a prominent ridge that is host to numerous historic workings. In addition to the average of 1.04 % copper and 33.3 g/t silver, drill hole D2N-01 intersected an average of 20.7 % iron (using a top cut of 25%) over 10.5 metres from surface. A second zone of mineralization grading 1.5 g/t gold and 88.3 g/t silver over 0.75 m was intersected at a depth of 29.70 m, indicating the potential for additional targets at depth. Drill hole D2N-02 was collared in strongly altered andesitic volcanics with 1 to 3 percent disseminated sulphides but was lost at 12 m before intersecting the target at depth.
Drill hole D2N-03 was drilled into the Dos Naciones Este target, located approximately 2.5 km southwest of drill holes D2N-01 and 02. Hole D2N-03 was collared in an outcrop of skarn and intersected 10.0 m of skarn mineralization averaging 0.76 % copper and 9.3 g/t silver from a depth of 4.5 metres below a zone of very poor recovery.
The size of these targets has yet to be fully tested and as a result Yale is recommending additional drilling at Dos Naciones. Del Toro must spend a total of $800,000 at Dos Naciones prior to July 7, 2013 to earn a 70% interest in the property.
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has nine projects in its portfolio of which five are optioned out with commitments totalling approximately $1.3 M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
Ian Foreman, P.Geo, is Yale�s Qualified Person, according to National Instrument 43-101, for the Dos Naciones properties and is responsible for any technical data mentioned in this news release.
Samples from Dos Naciones 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 analyses were performed by 30 gram fire assay with an AA finish. Silver, copper, lead and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits.
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.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531
Drilling at Dos Naciones was successful in confirming the presence of multiple outcropping skarn targets. Drilling in the strongly altered and fractured ground proved very difficult and each of the three holes was terminated before reaching the target depth due to technical reasons.
The table below summarizes the results received:
Drill holes D2N-01 and D2N-02 were drilled into and beside, respectively, the La Espanola skarn target, a prominent ridge that is host to numerous historic workings. In addition to the average of 1.04 % copper and 33.3 g/t silver, drill hole D2N-01 intersected an average of 20.7 % iron (using a top cut of 25%) over 10.5 metres from surface. A second zone of mineralization grading 1.5 g/t gold and 88.3 g/t silver over 0.75 m was intersected at a depth of 29.70 m, indicating the potential for additional targets at depth. Drill hole D2N-02 was collared in strongly altered andesitic volcanics with 1 to 3 percent disseminated sulphides but was lost at 12 m before intersecting the target at depth.
Drill hole D2N-03 was drilled into the Dos Naciones Este target, located approximately 2.5 km southwest of drill holes D2N-01 and 02. Hole D2N-03 was collared in an outcrop of skarn and intersected 10.0 m of skarn mineralization averaging 0.76 % copper and 9.3 g/t silver from a depth of 4.5 metres below a zone of very poor recovery.
The size of these targets has yet to be fully tested and as a result Yale is recommending additional drilling at Dos Naciones. Del Toro must spend a total of $800,000 at Dos Naciones prior to July 7, 2013 to earn a 70% interest in the property.
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has nine projects in its portfolio of which five are optioned out with commitments totalling approximately $1.3 M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
Ian Foreman, P.Geo, is Yale�s Qualified Person, according to National Instrument 43-101, for the Dos Naciones properties and is responsible for any technical data mentioned in this news release.
Samples from Dos Naciones 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 analyses were performed by 30 gram fire assay with an AA finish. Silver, copper, lead and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits.
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.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531
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Tuesday, January 31, 2012
Junior Gold Stocks Alert; SRC (OTCBB: SELR.OB) Announces New Acquisition: Executes LOI to Acquire Billali Gold and Silver Mine
CAMERON PARK, Calif. - January 31, 2012 (Investorideas.com Mining stocks newswire) Steele Resources Corporation (the "Company," "SRC") (OTCBB: SELR.OB) announced today that it has executed a Letter of Intent to purchase the privately owned Billali Gold and Silver Mine, a near term production gold and silver mine located in the Steeple Rock district in New Mexico. The district has several historic mines in the area, and from 1880 to 1991 an estimated 151,000 ounces of gold, 1,200,000 pounds of copper, 5,000,000 pounds of lead, and 4,000,000 pounds of zinc was mined from the district.
The Billali Gold and Silver Mine has 28 completed diamond core drill holes and a complete NI 43-101 Technical Report. The technical report, authored by Dr. Jan Rasmussen, a 40 year industry veteran states, "based on the historical drilling� the Billali mine could produce over 219,000 tons of ore averaging 12.8 ounces of silver per ton and 0.244 ounces of gold per ton."
CEO Scott Dockter stated, "SRC is an aggressive, growth oriented company and this gold and silver mine fits SRC's acquisition model perfectly. It is too small for major precious metals companies to consider it, yet offers significant potential gold and silver deposits, and is to a stage where it can be put into production this calendar year depending on financing availability."
The Billali Gold and Silver Mine is adjacent to the Summit Mine (owned by Santa Fe Gold Corp) which reports its "diluted Probable Reserve" is "618,070 tons grading 0.143 ounces of gold per ton and 10.78 ounces of silver per ton." According to the Technical Report, "Three quartz veins carrying silver and gold mineralization run the length of the Billali patented lode mining claim. The same quartz vein that is currently being mined for silver and gold at the adjacent Summit Mine continues into the Billali patented claim. These mineralized quartz structures are the target of the Billali mine plan."
Additional information, including the NI 43-101 Technical Report for the Billali Gold and Silver Mine, can be found at www.steeleresources.com.
About Steele Resources
Steele Resources Corporation is a precious metals exploration and development company that is working to become an active gold producer through the development of the 1800 acre Mineral Hill Gold Project and recently announced its intent to acquire the Billali Gold and Silver Mine in New Mexico.
Safe Harbor Statement
The matters discussed in this release do not comply with various SEC guides and regulations including SEC Guide 7 and contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Steele Resources Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Steele Resources Corp. cautions investors that any forward-looking statements made by Steele Resources Corp. are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Steele Resources Corp.'s exploration properties, the unproven nature of and potential changes to Steele Resources Corp.'s business model, the risk that the capital and other resources that Steele Resources Corp. will need to exploit its business model will not be available, and the risks discussed in Steele Resources Corp.'s filings with the Securities and Exchange Commission.
Contact:
Join us on Facebook and Twitter (@SteeleResources)
Newsletter signup and website: www.steeleresources.com
Email: info@steeleresources.com
Scott Dockter Phone: 530.672.6225
Investorideas.com is a third party publisher of news and research. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. If you have any questions regarding information in this press release please contact the company listed in the press release.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
The Billali Gold and Silver Mine has 28 completed diamond core drill holes and a complete NI 43-101 Technical Report. The technical report, authored by Dr. Jan Rasmussen, a 40 year industry veteran states, "based on the historical drilling� the Billali mine could produce over 219,000 tons of ore averaging 12.8 ounces of silver per ton and 0.244 ounces of gold per ton."
CEO Scott Dockter stated, "SRC is an aggressive, growth oriented company and this gold and silver mine fits SRC's acquisition model perfectly. It is too small for major precious metals companies to consider it, yet offers significant potential gold and silver deposits, and is to a stage where it can be put into production this calendar year depending on financing availability."
The Billali Gold and Silver Mine is adjacent to the Summit Mine (owned by Santa Fe Gold Corp) which reports its "diluted Probable Reserve" is "618,070 tons grading 0.143 ounces of gold per ton and 10.78 ounces of silver per ton." According to the Technical Report, "Three quartz veins carrying silver and gold mineralization run the length of the Billali patented lode mining claim. The same quartz vein that is currently being mined for silver and gold at the adjacent Summit Mine continues into the Billali patented claim. These mineralized quartz structures are the target of the Billali mine plan."
Additional information, including the NI 43-101 Technical Report for the Billali Gold and Silver Mine, can be found at www.steeleresources.com.
About Steele Resources
Steele Resources Corporation is a precious metals exploration and development company that is working to become an active gold producer through the development of the 1800 acre Mineral Hill Gold Project and recently announced its intent to acquire the Billali Gold and Silver Mine in New Mexico.
Safe Harbor Statement
The matters discussed in this release do not comply with various SEC guides and regulations including SEC Guide 7 and contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Steele Resources Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Steele Resources Corp. cautions investors that any forward-looking statements made by Steele Resources Corp. are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Steele Resources Corp.'s exploration properties, the unproven nature of and potential changes to Steele Resources Corp.'s business model, the risk that the capital and other resources that Steele Resources Corp. will need to exploit its business model will not be available, and the risks discussed in Steele Resources Corp.'s filings with the Securities and Exchange Commission.
Contact:
Join us on Facebook and Twitter (@SteeleResources)
Newsletter signup and website: www.steeleresources.com
Email: info@steeleresources.com
Scott Dockter Phone: 530.672.6225
More Info:
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Monday, January 30, 2012
Gold Bullion Development Corp. (TSX-V: GBB) Launches New Website
January 30, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) is pleased to announce the launch of their new website. The new site is user friendly and easy to navigate. Investors will find slide presentations highlighting the property's geology including photos of core samples as well as related company information.
The site also features a version entirely in French and has a link to press releases translated into German. Gold Bullion management is considering the addition of other language versions of press releases and will announce such in due course. We invite you to visit the new site at www.GoldBullionDevelopmentCorp.com.
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 Property near Rouyn-Noranda, Quebec.
For more information on Gold Bullion Development Corp. (TSXV:GBB.V) (OTCPINK:GBBFF), visit our web site: : www.GoldBullionDevelopmentCorp.com
For further information contact:
Frank J. Basa, P.Eng., President and Chief Executive Officer, Tel: (514) 397-4000
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email info@progressive-ir.com
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.
The site also features a version entirely in French and has a link to press releases translated into German. Gold Bullion management is considering the addition of other language versions of press releases and will announce such in due course. We invite you to visit the new site at www.GoldBullionDevelopmentCorp.com.
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 Property near Rouyn-Noranda, Quebec.
For more information on Gold Bullion Development Corp. (TSXV:GBB.V) (OTCPINK:GBBFF), visit our web site: : www.GoldBullionDevelopmentCorp.com
For further information contact:
Frank J. Basa, P.Eng., President and Chief Executive Officer, Tel: (514) 397-4000
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email info@progressive-ir.com
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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Friday, January 27, 2012
Resource Investor Alert: Casey Research Identifies Next Generation of Resource Industry Titans with "Casey's NexTen"
Stowe, VT - January 27, 2012 (Investorideas.com Mining Stocks Newswire) Casey Research, a leading provider of investment research with over 30 years of history specializing in metals, mining, and energy investing, has released its 2012 Casey NexTen list*. This annual list showcases the top rising stars of the resource industry � the names investors should be following over the next ten years. Despite their young ages, these individuals are already demonstrating a strong track record in innovation, exploration, and financing.
Casey Research has long recognized that the most successful resource companies invariably have one thing in common - talented people. For years, Casey Research has helped its subscribers succeed by closely following the careers of the most serially successful explorers and entrepreneurs in the industry. It is that top 4% of resource experts who continue to generate 64% of the wins which have, in some cases, generated up to 1,000% or more in returns for those who have invested with them.
"We continue to uncover successful investment opportunities for our subscribers in an industry where only a small percentage yield profitable results. We can do this because as an independent research firm we have the flexibility to look everywhere for the smartest and most innovative up-and-coming talent who are running great businesses, " said Marin Katusa, Casey Research's Chief Energy Investment Strategist. " This year ' s inductees have already demonstrated incredible aptitude for discovering great opportunities and navigating politically charged waters to find success. "
This year ' s inductees to the Casey NexTen list include:
*NexTen candidates are selected based on over 30 years of Casey Research experience and industry judgment in the mining and exploration sector. As a fiercely independent investment research firm, Casey Research receives no fees or compensation for its selections.
About Casey Research
Casey Research is a leading independent provider of investment research with over three decades of heritage. With specialized expertise in energy, metals and mining, commodities and technology, Casey Research provides clients with in-depth analysis of investment opportunities in high-growth areas. Founded by legendary investor Doug Casey, the company carries on his tradition of unbiased research, hands-on analysis, deep industry expertise, and a talent for uncovering uniquely profitable investment opportunities. Casey Research ' s team of seasoned investors, economists, geologists, and analysts are dedicated to uncovering important market trends and providing the guidance and recommendations to profit from them. Find out more at www.caseyresearch.com.
Contact:
Donna Cox-Davies
D2 Solutions, LLC
732-997-0131
dcox-davies@d2solutionsllc.com
Published at Investorideas.com Mining Newswire
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Investorideas.com was compensated $150 to publish this news and distribute through its syndicated partners and email subscribers
This is no way an endorsement from Investorideas.com for products or services .
www.InvestorIdeas.com/About/Disclaimer.asp
Casey Research has long recognized that the most successful resource companies invariably have one thing in common - talented people. For years, Casey Research has helped its subscribers succeed by closely following the careers of the most serially successful explorers and entrepreneurs in the industry. It is that top 4% of resource experts who continue to generate 64% of the wins which have, in some cases, generated up to 1,000% or more in returns for those who have invested with them.
"We continue to uncover successful investment opportunities for our subscribers in an industry where only a small percentage yield profitable results. We can do this because as an independent research firm we have the flexibility to look everywhere for the smartest and most innovative up-and-coming talent who are running great businesses, " said Marin Katusa, Casey Research's Chief Energy Investment Strategist. " This year ' s inductees have already demonstrated incredible aptitude for discovering great opportunities and navigating politically charged waters to find success. "
This year ' s inductees to the Casey NexTen list include:
- Marcel de Groot: Founder and President, Pathway Capital Limited; Director, Keegan Resources (T.KGN); and Chairman, Luna Gold (V.LGC). Marcel and the firm he founded in 2004, Pathway Capital, invest in and provide strategic support to early-stage private and public companies. To read more about his track record go to: www.caseyresearch.com/marcel-de-groot
- Ari Sussman: President, CEO, and Chairman of the Board, Colossus Minerals (T.CSI); President, CEO, and Director, Continental Gold (T.CNL); and Director, Dalradian Resources (T.DNA). Ari has an eye for identifying high-quality mineral assets. To read more about Ari go to: www.caseyresearch.com/ari-sussman
- David Forest: Chief Operating Officer, Sunward Resources (V.SWD); Managing Director, Notela Group; Phillip O'Neill: Chief Executive Officer, Sunward Resources (V.SWD); Managing Director, Notela Group. To read about how David and Phillip identify specific projects go to: www.caseyresearch.com/david-forest-philip-o-neill
*NexTen candidates are selected based on over 30 years of Casey Research experience and industry judgment in the mining and exploration sector. As a fiercely independent investment research firm, Casey Research receives no fees or compensation for its selections.
About Casey Research
Casey Research is a leading independent provider of investment research with over three decades of heritage. With specialized expertise in energy, metals and mining, commodities and technology, Casey Research provides clients with in-depth analysis of investment opportunities in high-growth areas. Founded by legendary investor Doug Casey, the company carries on his tradition of unbiased research, hands-on analysis, deep industry expertise, and a talent for uncovering uniquely profitable investment opportunities. Casey Research ' s team of seasoned investors, economists, geologists, and analysts are dedicated to uncovering important market trends and providing the guidance and recommendations to profit from them. Find out more at www.caseyresearch.com.
Contact:
Donna Cox-Davies
D2 Solutions, LLC
732-997-0131
dcox-davies@d2solutionsllc.com
Published at Investorideas.com Mining Newswire
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Investorideas.com was compensated $150 to publish this news and distribute through its syndicated partners and email subscribers
This is no way an endorsement from Investorideas.com for products or services .
www.InvestorIdeas.com/About/Disclaimer.asp
Wednesday, January 25, 2012
Silver Stock News Alert; TSX Junior SilverCrest (TSX-V: SVL) Trades Up on Mineral Resources News
New York, NY - January 25, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors issues releases the following trading and news snapshot for silver stock,SilverCrest Mines Inc. (TSX-V: SVL, OTCQX: STVZF). ON Monday, the Company provided an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico.
On Monday, following the news, the stock traded up on over 700,000 shares and continues its gains this week. Silver is trading up at $33.06, up 1.09 at the time of this release.
News release: http://finance.yahoo.com/news/ SilverCrest-Updates- Corporate-iw-1685022249.html?x=0
Ellis Martin Report with SilverCrest Mines on YouTube.com
http://www.youtube.com/watch?v=qaMmPs0y1DY
In this segment Ellis Martin interviews Scott Drever, President of SilverCrest Mines (TSX-V: SVL) (OTCQX: STVZF) regarding stage two drilling at the La Joya Project and the outlook for that project and the Santa Elena Project for 2012.
More Info on SilverCrest Mines Inc. (TSX-V: SVL)
Powerpoint link:
http://www.silvercrestmines.com/uploadedFiles/images/SVLJanuary2012Final.pdf
Corporate report:
http://silvercrestmines.com/uploadedFiles/images/SVL_Brochure_WEB_Jan12.pdf
SilverCrest Mines Inc. (TSX-V: SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
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Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
More info: www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
On Monday, following the news, the stock traded up on over 700,000 shares and continues its gains this week. Silver is trading up at $33.06, up 1.09 at the time of this release.
News release: http://finance.yahoo.com/news/ SilverCrest-Updates- Corporate-iw-1685022249.html?x=0
Ellis Martin Report with SilverCrest Mines on YouTube.com
http://www.youtube.com/watch?v=qaMmPs0y1DY
In this segment Ellis Martin interviews Scott Drever, President of SilverCrest Mines (TSX-V: SVL) (OTCQX: STVZF) regarding stage two drilling at the La Joya Project and the outlook for that project and the Santa Elena Project for 2012.
More Info on SilverCrest Mines Inc. (TSX-V: SVL)
Powerpoint link:
http://www.silvercrestmines.com/uploadedFiles/images/SVLJanuary2012Final.pdf
Corporate report:
http://silvercrestmines.com/uploadedFiles/images/SVL_Brochure_WEB_Jan12.pdf
SilverCrest Mines Inc. (TSX-V: SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
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Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
TSX Silver Stock Update; SilverCrest (TSX-V: SVL) Reports Silver Equivalent Inferred Resources Increase of 424%
VANCOUVER, B.C. � January 25, 2012 - Silver stock update from SilverCrest Mines Inc. (TSX-V:SVL, OTCQX:STVZF) (Investorideas.com Mining stocks newswire) SilverCrest Mines Inc. ( TSX-V:SVL, OTCQX: STVZF) provides an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico (see table below).
The addition of the initial La Joya Inferred Resources of 101.9 million ounces silver equivalent resulted in corporate Inferred Resources increasing by 424% from 24.0 million to 126.0 million silver equivalent ounces. The Company's combined Probable and Indicated Resources (based on US$18 per ounce silver, US$1000 per ounce gold, and Ag:Au at 55:1) declined by 14.7% from 36.2 million to 30.9 million silver equivalent ounces as a result of production at the Santa Elena Mine in 2010 and 2011.
N. Eric Fier, CPG, P.Eng. and COO for SilverCrest stated; "This significant increase in the Company's resource base is another important milestone in its goal of becoming a major silver and gold asset - based company. SilverCrest's immediate initiatives are to continue to diligently operate its flagship Santa Elena silver and gold mine, aggressively explore the discovery at La Joya and to further acquire and develop substantial silver-gold resources."
SilverCrest Resource Summary - January 2012
Drilling is currently underway at Cruz de Mayo where 30 holes have been completed with approximately 15 to 20 holes remaining. A Pre-Feasibility Study with further metallurgical work is underway to determine the amenability of processing Cruz de Mayo material at the conventional mill proposed for the Santa Elena mine site.
La Joya Resource Summary (Phase I)
On January 5, 2012, the Company announced the initial resource estimate for its La Joya property located in Durango Mexico. The Inferred Resource of 101.9 million ounces silver equivalent was based on 27 initial Company drill holes plus 8 verified Luismin historical drill holes. The initial resource covers only a portion of the 2.5 kilometre Main Mineralized Trend and is open latterly in all directions. The resource estimations for the 15 and 30 gpt Ag Eq.* cutoff scenarios are illustrated on the attached surface plan and cross sections and presented in the following table.
The Company has completed 8 holes of a planned Phase II, 80 hole drilling program that will entail approximately 15,000 metres of additional drilling which will further expand and define the current resource and test three separate targets adjacent to the Main Mineralized Trend. Assay results are pending. The Phase II drilling, sampling, and metallurgical test work to determine flotation characteristics will be completed in 2012.
The Company believes the deposit is potentially amenable to open pit mining with standard conventional flotation processing similar to the nearby Sabinas Mine (Penoles) which is currently operating at an estimated 4,000 tpd and shipping concentrate overseas. Significant potential for resource expansion exists along the strike length of the Main Mineralized Trend and adjacent additional targets where historic data has indicated the presence of significant Ag-Au-Cu mineralization (see New Release dated Nov. 14, 2011).
Selective areas of lead, zinc, tungsten and molybdenum are also being evaluated for resource estimation. These metals are considered potential by-products of any Ag-Au-Cu mineralization production. Resource estimations for these metals will be reported when completed and will be incorporated in the Technical Report with the initial resources estimate to be filed on SEDAR.
The La Joya Property is located approximately 75 kilometres southeast of the city of Durango, Mexico. The property is located in a productive mineralized region which currently supports several large scale mining operations including Grupo Mexico's San Martin Mine, Industrias Peñoles' Sabinas Mine, Pan American Silver's La Colorada Mine and First Majestic Silver's La Parrilla Silver Mine. Please reference our website at www.silvercrestmines.com for more information, photos, a video and figures on La Joya.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
More Info on SilverCrest Mines Inc. ( TSX-V: SVL)
Ellis Martin Report with SilverCrest Mines
http://www.youtube.com/watch?v=qaMmPs0y1DY
In this segment Ellis Martin interviews Scott Drever, President of SilverCrest Mines (TSX-V:SVL)(OTCQX:STVZF) regarding stage two drilling at the La Joya Project and the outlook for that project and the Santa Elena Project for 2012.
Powerpoint link:
http://www.silvercrestmines.com/uploadedFiles/images/SVLJanuary2012Final.pdf
Corporate report:
http://silvercrestmines.com/uploadedFiles/images/SVL_Brochure_WEB_Jan12.pdf
SilverCrest Mines Inc. ( TSX-V: SVL ) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Mining newswire and syndicated blogs
Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
More info: www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
The addition of the initial La Joya Inferred Resources of 101.9 million ounces silver equivalent resulted in corporate Inferred Resources increasing by 424% from 24.0 million to 126.0 million silver equivalent ounces. The Company's combined Probable and Indicated Resources (based on US$18 per ounce silver, US$1000 per ounce gold, and Ag:Au at 55:1) declined by 14.7% from 36.2 million to 30.9 million silver equivalent ounces as a result of production at the Santa Elena Mine in 2010 and 2011.
N. Eric Fier, CPG, P.Eng. and COO for SilverCrest stated; "This significant increase in the Company's resource base is another important milestone in its goal of becoming a major silver and gold asset - based company. SilverCrest's immediate initiatives are to continue to diligently operate its flagship Santa Elena silver and gold mine, aggressively explore the discovery at La Joya and to further acquire and develop substantial silver-gold resources."
SilverCrest Resource Summary - January 2012
*based on $1,000/oz of gold and $18/oz of silver, cut-off grade of 0.38 gpt gold equivalent with applied metallurgical recoveries. Ag:Au is 55:1.
Estimated 1,336,000 ore tonnes were mined at Santa Elena in 2010 and 2011 grading 1.41 gpt Au and 46.51 gpt Ag and subtracted from Probable Reserves.
All numbers are rounded. Excludes potential metal inventory for leach pad re- treatment during Expansion.
**based on $1,000/oz of gold and $18/oz of silver, cut-off grade is 1.77 gpt gold equivalent with applied metallurgical recoveries. Ag:Au is 55:1.
***based on a silver cut-off grade of 30 gpt, 100% metallurgical recovery is assumed. Ag:Au is 55:1. Refer 2007 to Fier and Wallis Technical Report on Cruz de Mayo.
**** Based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1.
The Company plans an additional 6 core holes on the Santa Elena underground deposit beginning in Q1 2012. This drilling will further assist in delineating the existing underground resources and potentially expand the resources. The decline ramp to explore and develop the resources below the current open pit has been commenced and advancement is expected to continue throughout 2012.Estimated 1,336,000 ore tonnes were mined at Santa Elena in 2010 and 2011 grading 1.41 gpt Au and 46.51 gpt Ag and subtracted from Probable Reserves.
All numbers are rounded. Excludes potential metal inventory for leach pad re- treatment during Expansion.
**based on $1,000/oz of gold and $18/oz of silver, cut-off grade is 1.77 gpt gold equivalent with applied metallurgical recoveries. Ag:Au is 55:1.
***based on a silver cut-off grade of 30 gpt, 100% metallurgical recovery is assumed. Ag:Au is 55:1. Refer 2007 to Fier and Wallis Technical Report on Cruz de Mayo.
**** Based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1.
Drilling is currently underway at Cruz de Mayo where 30 holes have been completed with approximately 15 to 20 holes remaining. A Pre-Feasibility Study with further metallurgical work is underway to determine the amenability of processing Cruz de Mayo material at the conventional mill proposed for the Santa Elena mine site.
La Joya Resource Summary (Phase I)
On January 5, 2012, the Company announced the initial resource estimate for its La Joya property located in Durango Mexico. The Inferred Resource of 101.9 million ounces silver equivalent was based on 27 initial Company drill holes plus 8 verified Luismin historical drill holes. The initial resource covers only a portion of the 2.5 kilometre Main Mineralized Trend and is open latterly in all directions. The resource estimations for the 15 and 30 gpt Ag Eq.* cutoff scenarios are illustrated on the attached surface plan and cross sections and presented in the following table.
*Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed.
** Conforms to NI 43-101, 43-101CP, and current CIM definitions for resources. Resource estimation summary presented by EBA, a Tetra Tech Company on January 5, 2012 with a pending NI43-101 Technical Report. All numbers are rounded.
The attached figures show a 3D schematic of La Joya with the currently defined resource area and longitudinal sections of the resource model through the Main Mineralized Trend. The model shows the predominance of at least 9 near-surface sulfide mineralized vertical structurally-controlled stockwork zones up to 50 metres wide and the presences of at least 14 near horizontal mantos (disseminated sulfide mineralization) up to 30 metres thick. In many instances the open areas shown on the figures are due to a lack of information rather than an established absence of mineralization. The deposit remains open latterly in all directions. The previous defined "Contact Zone" requires further drilling before potential resources are applied. The two section examples show the current computer-generated model using 15 gpt and 30 gpt Ag Eq.* cutoffs. Doubling the cutoff grade reduces the contained Ag equivalent ounces by only 15.2% which implies that higher grade material is available if required for the potential economic viability of the deposit.** Conforms to NI 43-101, 43-101CP, and current CIM definitions for resources. Resource estimation summary presented by EBA, a Tetra Tech Company on January 5, 2012 with a pending NI43-101 Technical Report. All numbers are rounded.
The Company has completed 8 holes of a planned Phase II, 80 hole drilling program that will entail approximately 15,000 metres of additional drilling which will further expand and define the current resource and test three separate targets adjacent to the Main Mineralized Trend. Assay results are pending. The Phase II drilling, sampling, and metallurgical test work to determine flotation characteristics will be completed in 2012.
The Company believes the deposit is potentially amenable to open pit mining with standard conventional flotation processing similar to the nearby Sabinas Mine (Penoles) which is currently operating at an estimated 4,000 tpd and shipping concentrate overseas. Significant potential for resource expansion exists along the strike length of the Main Mineralized Trend and adjacent additional targets where historic data has indicated the presence of significant Ag-Au-Cu mineralization (see New Release dated Nov. 14, 2011).
Selective areas of lead, zinc, tungsten and molybdenum are also being evaluated for resource estimation. These metals are considered potential by-products of any Ag-Au-Cu mineralization production. Resource estimations for these metals will be reported when completed and will be incorporated in the Technical Report with the initial resources estimate to be filed on SEDAR.
The La Joya Property is located approximately 75 kilometres southeast of the city of Durango, Mexico. The property is located in a productive mineralized region which currently supports several large scale mining operations including Grupo Mexico's San Martin Mine, Industrias Peñoles' Sabinas Mine, Pan American Silver's La Colorada Mine and First Majestic Silver's La Parrilla Silver Mine. Please reference our website at www.silvercrestmines.com for more information, photos, a video and figures on La Joya.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
More Info on SilverCrest Mines Inc. ( TSX-V: SVL)
Ellis Martin Report with SilverCrest Mines
http://www.youtube.com/watch?v=qaMmPs0y1DY
In this segment Ellis Martin interviews Scott Drever, President of SilverCrest Mines (TSX-V:SVL)(OTCQX:STVZF) regarding stage two drilling at the La Joya Project and the outlook for that project and the Santa Elena Project for 2012.
Powerpoint link:
http://www.silvercrestmines.com/uploadedFiles/images/SVLJanuary2012Final.pdf
Corporate report:
http://silvercrestmines.com/uploadedFiles/images/SVL_Brochure_WEB_Jan12.pdf
SilverCrest Mines Inc. ( TSX-V: SVL ) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Mining newswire and syndicated blogs
Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
More info: www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Monday, January 23, 2012
Silver Stock News: SilverCrest (TSX-V: SVL, OTCQX: STVZF) Updates Corporate Resources; Silver Equivalent Inferred Resources Increase 424%
VANCOUVER, B.C. � January 23, 2012 (Investorideas.com Mining stocks newswire) SilverCrest Mines Inc. (TSX-V:SVL , OTCQX: STVZF) is pleased to provide an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico (see table below). The addition of the initial La Joya Inferred Resources of 101.9 million ounces silver equivalent resulted in corporate Inferred Resources increasing by 424% from 24.0 million to 126.0 million silver equivalent ounces. The Company’s combined Probable and Indicated Resources (based on US$18 per ounce silver, US$1000 per ounce gold, and Ag:Au at 55:1) declined by 14.7% from 36.2 million to 30.9 million silver equivalent ounces as a result of production at the Santa Elena Mine in 2010 and 2011.
N. Eric Fier, CPG, P.Eng. and COO for SilverCrest stated; "This significant increase in the Company's resource base is another important milestone in its goal of becoming a major silver and gold asset - based company. SilverCrest's immediate initiatives are to continue to diligently operate its flagship Santa Elena silver and gold mine, aggressively explore the discovery at La Joya and to further acquire and develop substantial silver-gold resources."
SilverCrest Resource Summary - January 2012
Drilling is currently underway at Cruz de Mayo where 30 holes have been completed with approximately 15 to 20 holes remaining. A Pre-Feasibility Study with further metallurgical work is underway to determine the amenability of processing Cruz de Mayo material at the conventional mill proposed for the Santa Elena mine site.
La Joya Resource Summary (Phase I)
On January 5, 2012, the Company announced the initial resource estimate for its La Joya property located in Durango Mexico. The Inferred Resource of 101.9 million ounces silver equivalent was based on 27 initial Company drill holes plus 8 verified Luismin historical drill holes. The initial resource covers only a portion of the 2.5 kilometre Main Mineralized Trend and is open latterly in all directions. The resource estimations for the 15 and 30 gpt Ag Eq.* cutoff scenarios are illustrated on the attached surface plan and cross sections and presented in the following table.
The Company has completed 8 holes of a planned Phase II, 80 hole drilling program that will entail approximately 15,000 metres of additional drilling which will further expand and define the current resource and test three separate targets adjacent to the Main Mineralized Trend. Assay results are pending. The Phase II drilling, sampling, and metallurgical test work to determine flotation characteristics will be completed in 2012.
The Company believes the deposit is potentially amenable to open pit mining with standard conventional flotation processing similar to the nearby Sabinas Mine (Penoles) which is currently operating at an estimated 4,000 tpd and shipping concentrate overseas. Significant potential for resource expansion exists along the strike length of the Main Mineralized Trend and adjacent additional targets where historic data has indicated the presence of significant Ag-Au-Cu mineralization (see New Release dated Nov. 14, 2011).
Selective areas of lead, zinc, tungsten and molybdenum are also being evaluated for resource estimation. These metals are considered potential by-products of any Ag-Au-Cu mineralization production. Resource estimations for these metals will be reported when completed and will be incorporated in the Technical Report with the initial resources estimate to be filed on SEDAR.
The La Joya Property is located approximately 75 kilometres southeast of the city of Durango, Mexico. The property is located in a productive mineralized region which currently supports several large scale mining operations including Grupo Mexico’s San Martin Mine, Industrias Peñoles’ Sabinas Mine, Pan American Silver’s La Colorada Mine and First Majestic Silver’s La Parrilla Silver Mine. Please reference our website at www.silvercrestmines.com for more information, photos, a video and figures on La Joya.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. ( TSX-V: SVL ) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest’s flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Mining newswire and syndicated blogs
Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
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N. Eric Fier, CPG, P.Eng. and COO for SilverCrest stated; "This significant increase in the Company's resource base is another important milestone in its goal of becoming a major silver and gold asset - based company. SilverCrest's immediate initiatives are to continue to diligently operate its flagship Santa Elena silver and gold mine, aggressively explore the discovery at La Joya and to further acquire and develop substantial silver-gold resources."
SilverCrest Resource Summary - January 2012
*based on $1,000/oz of gold and $18/oz of silver, cut-off grade of 0.38 gpt gold equivalent with applied metallurgical recoveries. Ag:Au is 55:1.
Estimated 1,336,000 ore tonnes were mined at Santa Elena in 2010 and 2011 grading 1.41 gpt Au and 46.51 gpt Ag and subtracted from Probable Reserves.
All numbers are rounded. Excludes potential metal inventory for leach pad re- treatment during Expansion.
**based on $1,000/oz of gold and $18/oz of silver, cut-off grade is 1.77 gpt gold equivalent with applied metallurgical recoveries. Ag:Au is 55:1.
***based on a silver cut-off grade of 30 gpt, 100% metallurgical recovery is assumed. Ag:Au is 55:1. Refer 2007 to Fier and Wallis Technical Report on Cruz de Mayo.
**** Based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1.
The Company plans an additional 6 core holes on the Santa Elena underground deposit beginning in Q1 2012. This drilling will further assist in delineating the existing underground resources and potentially expand the resources. The decline ramp to explore and develop the resources below the current open pit has been commenced and advancement is expected to continue throughout 2012.Estimated 1,336,000 ore tonnes were mined at Santa Elena in 2010 and 2011 grading 1.41 gpt Au and 46.51 gpt Ag and subtracted from Probable Reserves.
All numbers are rounded. Excludes potential metal inventory for leach pad re- treatment during Expansion.
**based on $1,000/oz of gold and $18/oz of silver, cut-off grade is 1.77 gpt gold equivalent with applied metallurgical recoveries. Ag:Au is 55:1.
***based on a silver cut-off grade of 30 gpt, 100% metallurgical recovery is assumed. Ag:Au is 55:1. Refer 2007 to Fier and Wallis Technical Report on Cruz de Mayo.
**** Based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1.
Drilling is currently underway at Cruz de Mayo where 30 holes have been completed with approximately 15 to 20 holes remaining. A Pre-Feasibility Study with further metallurgical work is underway to determine the amenability of processing Cruz de Mayo material at the conventional mill proposed for the Santa Elena mine site.
La Joya Resource Summary (Phase I)
On January 5, 2012, the Company announced the initial resource estimate for its La Joya property located in Durango Mexico. The Inferred Resource of 101.9 million ounces silver equivalent was based on 27 initial Company drill holes plus 8 verified Luismin historical drill holes. The initial resource covers only a portion of the 2.5 kilometre Main Mineralized Trend and is open latterly in all directions. The resource estimations for the 15 and 30 gpt Ag Eq.* cutoff scenarios are illustrated on the attached surface plan and cross sections and presented in the following table.
*Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed.
** Conforms to NI 43-101, 43-101CP, and current CIM definitions for resources. Resource estimation summary presented by EBA, a Tetra Tech Company on January 5, 2012 with a pending NI43-101 Technical Report. All numbers are rounded.
The attached figures show a 3D schematic of La Joya with the currently defined resource area and longitudinal sections of the resource model through the Main Mineralized Trend. The model shows the predominance of at least 9 near-surface sulfide mineralized vertical structurally-controlled stockwork zones up to 50 metres wide and the presences of at least 14 near horizontal mantos (disseminated sulfide mineralization) up to 30 metres thick. In many instances the open areas shown on the figures are due to a lack of information rather than an established absence of mineralization. The deposit remains open latterly in all directions. The previous defined "Contact Zone" requires further drilling before potential resources are applied. The two section examples show the current computer-generated model using 15 gpt and 30 gpt Ag Eq.* cutoffs. Doubling the cutoff grade reduces the contained Ag equivalent ounces by only 15.2% which implies that higher grade material is available if required for the potential economic viability of the deposit. ** Conforms to NI 43-101, 43-101CP, and current CIM definitions for resources. Resource estimation summary presented by EBA, a Tetra Tech Company on January 5, 2012 with a pending NI43-101 Technical Report. All numbers are rounded.
The Company has completed 8 holes of a planned Phase II, 80 hole drilling program that will entail approximately 15,000 metres of additional drilling which will further expand and define the current resource and test three separate targets adjacent to the Main Mineralized Trend. Assay results are pending. The Phase II drilling, sampling, and metallurgical test work to determine flotation characteristics will be completed in 2012.
The Company believes the deposit is potentially amenable to open pit mining with standard conventional flotation processing similar to the nearby Sabinas Mine (Penoles) which is currently operating at an estimated 4,000 tpd and shipping concentrate overseas. Significant potential for resource expansion exists along the strike length of the Main Mineralized Trend and adjacent additional targets where historic data has indicated the presence of significant Ag-Au-Cu mineralization (see New Release dated Nov. 14, 2011).
Selective areas of lead, zinc, tungsten and molybdenum are also being evaluated for resource estimation. These metals are considered potential by-products of any Ag-Au-Cu mineralization production. Resource estimations for these metals will be reported when completed and will be incorporated in the Technical Report with the initial resources estimate to be filed on SEDAR.
The La Joya Property is located approximately 75 kilometres southeast of the city of Durango, Mexico. The property is located in a productive mineralized region which currently supports several large scale mining operations including Grupo Mexico’s San Martin Mine, Industrias Peñoles’ Sabinas Mine, Pan American Silver’s La Colorada Mine and First Majestic Silver’s La Parrilla Silver Mine. Please reference our website at www.silvercrestmines.com for more information, photos, a video and figures on La Joya.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. ( TSX-V: SVL ) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest’s flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Contact: Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Published at Investorideas.com Mining newswire and syndicated blogs
Disclaimer: Investorideas.com does not make stock recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com (three thousand) for the dissemination and publishing of its news release through Investorideas.com newswire, email and syndication partners plus secondary email distribution through Hanover Financial (three thousand)
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Monday, January 16, 2012
TSX Venture Gold Stock, Unigold Inc. (TSX-V: UGD.V) Soars on New Results
January 16, 2012 - Investorideas.com, a leader in sector research for independent investors including mining and energy stocks, reports on trading and news for TSX Venture gold stock, Unigold Inc. (TSX-V: UGD.V). The stock soared in today's trading following new results, including 73 m @ 2.36 g/t Gold, at Candelones Extension, Neita Property, Dominican Republic. The stock is trading at $0.2950, up 0.1250 (73.53%) 2:26PM EST on over 5 Million shares.
Unigold Inc.(TSX-V: UGD.V) announced additional results from the 2011 drilling program at its wholly owned Candelones Project, Neita Property in the Dominican Republic.
According to the Company, "Significant results are reported for drill holes LP17 and LP20. The holes were targeted to extend the known mineralization using Unigold's recently acquired IP survey, combined with improved geological knowledge. Assay results from the core obtained at the Candelones Extension (Lomita Pina) are reported in the table below. The best results are 73.0 m @ 2.36 g/t gold in hole LP17 and 20.0 m @ 2.74 g/t gold plus 37.0 m @ 1.48 g/t gold in hole LP20. The deposit remains open along strike in both directions and down dip."
www.unigoldinc.com
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Unigold Inc.(TSX-V: UGD.V) announced additional results from the 2011 drilling program at its wholly owned Candelones Project, Neita Property in the Dominican Republic.
According to the Company, "Significant results are reported for drill holes LP17 and LP20. The holes were targeted to extend the known mineralization using Unigold's recently acquired IP survey, combined with improved geological knowledge. Assay results from the core obtained at the Candelones Extension (Lomita Pina) are reported in the table below. The best results are 73.0 m @ 2.36 g/t gold in hole LP17 and 20.0 m @ 2.74 g/t gold plus 37.0 m @ 1.48 g/t gold in hole LP20. The deposit remains open along strike in both directions and down dip."
www.unigoldinc.com
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Friday, January 06, 2012
TSX Coal Mining Stock to Watch; Cline Mining (TSX: CMK.TO) Closes up 21%
January 6, 2012 - Investorideas.com, a leader in sector research for independent investors issues an investor alert for TSX coal mining stock, Cline Mining Corporation (TSX: CMK.TO). The stock closed trading Thursday at $2.07, up 0.36 (21.05%) on over 8.8 million shares.
The Company issued news that further to its release of December 30, 2011, New Elk Coal Company, a wholly-owned subsidiary of Cline, received the last regulatory approval required for room and pillar mining in the Blue Seam on January 3, 2012. Regulatory approval had previously been granted for mining the Allen seam. Accordingly, all approvals are now in place for mining in both seams in accordance with the mining plan at the New Elk Coal Mine in Las Animas County, southern Colorado.
"As contemplated in the previous news release, New Elk continues to implement its first phase plan with a view to bringing the New Elk Coal Mine into full commercial production of high quality metallurgical coke making coal at a rate of 3.0 million tons of saleable coal annually during its initial 20-year mine project plan period. The full planned production rate is to be attained during the first half of 2012. Saleable coal production during calendar year 2012 is projected at 2.5 million tons, with production in the years 2013 and annually thereafter at the rate of 3.0 million tons. These projections are subject to any unforeseen, unexpected and unanticipated delays or events, including the receipt of normal ongoing regulatory permits and approvals, which could affect production or alter timelines."
About Cline: Cline Mining Corporation (TSX: CMK.TO)
Cline has metallurgical coal property interests in British Columbia, Canada and in Colorado, U.S.A. with NI 43-101 compliant independent Technical Reports. Cline Mining Corporation is a mine development company focused on the exploration and development of metallurgical steel making coals in Canada and the U.S., iron ore in Madagascar and gold from its Cline Lake Gold Mine Property in northern Ontario, Canada.
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The Company issued news that further to its release of December 30, 2011, New Elk Coal Company, a wholly-owned subsidiary of Cline, received the last regulatory approval required for room and pillar mining in the Blue Seam on January 3, 2012. Regulatory approval had previously been granted for mining the Allen seam. Accordingly, all approvals are now in place for mining in both seams in accordance with the mining plan at the New Elk Coal Mine in Las Animas County, southern Colorado.
"As contemplated in the previous news release, New Elk continues to implement its first phase plan with a view to bringing the New Elk Coal Mine into full commercial production of high quality metallurgical coke making coal at a rate of 3.0 million tons of saleable coal annually during its initial 20-year mine project plan period. The full planned production rate is to be attained during the first half of 2012. Saleable coal production during calendar year 2012 is projected at 2.5 million tons, with production in the years 2013 and annually thereafter at the rate of 3.0 million tons. These projections are subject to any unforeseen, unexpected and unanticipated delays or events, including the receipt of normal ongoing regulatory permits and approvals, which could affect production or alter timelines."
About Cline: Cline Mining Corporation (TSX: CMK.TO)
Cline has metallurgical coal property interests in British Columbia, Canada and in Colorado, U.S.A. with NI 43-101 compliant independent Technical Reports. Cline Mining Corporation is a mine development company focused on the exploration and development of metallurgical steel making coals in Canada and the U.S., iron ore in Madagascar and gold from its Cline Lake Gold Mine Property in northern Ontario, Canada.
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Thursday, December 29, 2011
Mining and Gold Stock Interview with President of Yale Resources (TSX-V: YLL) Discussing Operations for 2011 and Plans for 2012
POINT ROBERTS, December 29, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, including gold and mining stocks features an exclusive interview with Ian Foreman, P.Geo, President of Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB). Ian discusses the Company results for 2011 and what the Company has planned for 2012.
Yale Interview
Q: Investorideas.com
Ian you recently issued a press release on the year end summary of 2011 operations. Can you give investors some of the key points?
A: Ian Foreman, P.Geo, .President
The key point is that 2011 was a tough year for the mining/exploration sector and in spite of that Yale came out of it smelling like a rose! We are surrounded by companies that had to do large dilutive financings to survive and Yale's business model protected it from doing so. In fact, if you add up Yale's current short term investments, revenue from all sources and exploration funded by our optionees, Yale would have had to issue in the order of 26 million shares through financings! A 30% dilution in the fully diluted capital of the Company that did not happen!!
Q: Investorideas.com
Using the expression "put your money where your mouth is", I see from Sedi.ca that you recently purchased 750,000 shares in Yale?
A: Ian Foreman, P.Geo, .President
Yes, that is correct; I recently bought another 750,000 shares in Yale as I feel very strongly about the long term success of the Company.
Q: Investorideas.com
The Company still has a significant portfolio of properties. What properties will be a priority in 2012 and why?
A: Ian Foreman, P.Geo, .President
We are planning for a minimum of three large programs in the first half of 2012. Los Amoles has grown from an early stage (generated) prospect to a project that should receive some drilling. Orofino will also receive a couple of hundred thousand dollars of exploration. However, the biggest program that we are planning for is at Urique - our optionee, Mammoth Resources, has just started trading - literally today - and they are planning a significant exploration campaign at Urique. There are some legal issues that have to be sorted out at Guadalupe, but our optionee on that property is responsible for the funding there and finally, we will have some results coming out early in the New Year from our drilling at Dos Naciones, which will dictate the scope of ongoing work there.
All in all, we are preparing for a very busy first 6 months of 2012 - should be exciting!
Q : Investorideas.com
Do you plan on looking at new properties for 2012?
A: Ian Foreman, P.Geo, .President
We are always looking at new properties. What the public doesn't necessarily know is that we are always evaluating properties and making offers or trying to acquire new projects. We evaluated a large number of properties in 2011 but didn't find any that fit our strict criterion.
With luck we'll be able to bring a couple more properties into Yale in 2012. I didn't want to have too large a number of available properties 'in inventory', so now that we have two more projects optioned out, it makes sense for us to bring more properties into the company.
Q: Investorideas.com
What would you say was your biggest obstacle in 2011 and has the Company overcome it?
A: Ian Foreman, P.Geo, .President
I think that our biggest obstacle in 2011 was difficult financial conditions combined with share holder apathy. I feel that Yale was punished in the market and not fairly so. I have always been careful about setting expectations and I have always been careful to state realistic goals and objectives for our shareholders. I also have a very good track record for accomplishing those.
There was a time, in September I believe, where there were rumours spreading that Yale was 'going out of business or bankrupt' and that obviously proved false. There was a fund that decided to sell approximately 3 million shares in the market and we were able to arrange sufficient buying to absorb that, however, that may have created a sense of "the sky is falling" and all the "Chicken Littles" out there panicked.
I stated in a previous interview that Yale is stronger today than last week and stronger last week than a couple of months ago. This is a 'growth story' and we are building upon our successes. In my opinion, there is no reason that Yale should be trading at these low levels, but sadly, I don't get to set the value of our stock. Again, this is the reason I purchased an additional 750,000 shares.
Q: Investorideas.com
Why do you think some of the junior mining stocks did not really get to participate in the physical gold rally in 2011?
A: Ian Foreman, P.Geo, .President
Well, there are a lot of pundits who look at the markets for a living so I won't go into details. However, I can comment on that from a Yale perspective - it seems that there just wasn't enough confidence in what investors were reading/hearing as there is a general 'been there, done that, got burned' mentality. You can only hear so much regarding the decoupling of the dollar/gold relationship and the 'PIGS' in Europe and the prospect of a depression and the slowing of the Chinese economy and continued strife in American politics before one gets burned out…
I am very enthusiastic to bring in the New Year. With luck, the year will get started off as 2011 did but the rally will last longer!!
More info onYale Resources Ltd. (TSX-V - YLL. OTCBB - YRLLF and Frankfurt - YAB)
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About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has eight projects in its portfolio of which five are optioned out with commitments totaling approximately $1.3 M in expenditures during the next 12 months.
Contact
Ian Foreman
info@yaleresources.com
www.yaleresources.com
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Yale Interview
Q: Investorideas.com
Ian you recently issued a press release on the year end summary of 2011 operations. Can you give investors some of the key points?
A: Ian Foreman, P.Geo, .President
The key point is that 2011 was a tough year for the mining/exploration sector and in spite of that Yale came out of it smelling like a rose! We are surrounded by companies that had to do large dilutive financings to survive and Yale's business model protected it from doing so. In fact, if you add up Yale's current short term investments, revenue from all sources and exploration funded by our optionees, Yale would have had to issue in the order of 26 million shares through financings! A 30% dilution in the fully diluted capital of the Company that did not happen!!
Q: Investorideas.com
Using the expression "put your money where your mouth is", I see from Sedi.ca that you recently purchased 750,000 shares in Yale?
A: Ian Foreman, P.Geo, .President
Yes, that is correct; I recently bought another 750,000 shares in Yale as I feel very strongly about the long term success of the Company.
Q: Investorideas.com
The Company still has a significant portfolio of properties. What properties will be a priority in 2012 and why?
A: Ian Foreman, P.Geo, .President
We are planning for a minimum of three large programs in the first half of 2012. Los Amoles has grown from an early stage (generated) prospect to a project that should receive some drilling. Orofino will also receive a couple of hundred thousand dollars of exploration. However, the biggest program that we are planning for is at Urique - our optionee, Mammoth Resources, has just started trading - literally today - and they are planning a significant exploration campaign at Urique. There are some legal issues that have to be sorted out at Guadalupe, but our optionee on that property is responsible for the funding there and finally, we will have some results coming out early in the New Year from our drilling at Dos Naciones, which will dictate the scope of ongoing work there.
All in all, we are preparing for a very busy first 6 months of 2012 - should be exciting!
Q : Investorideas.com
Do you plan on looking at new properties for 2012?
A: Ian Foreman, P.Geo, .President
We are always looking at new properties. What the public doesn't necessarily know is that we are always evaluating properties and making offers or trying to acquire new projects. We evaluated a large number of properties in 2011 but didn't find any that fit our strict criterion.
With luck we'll be able to bring a couple more properties into Yale in 2012. I didn't want to have too large a number of available properties 'in inventory', so now that we have two more projects optioned out, it makes sense for us to bring more properties into the company.
Q: Investorideas.com
What would you say was your biggest obstacle in 2011 and has the Company overcome it?
A: Ian Foreman, P.Geo, .President
I think that our biggest obstacle in 2011 was difficult financial conditions combined with share holder apathy. I feel that Yale was punished in the market and not fairly so. I have always been careful about setting expectations and I have always been careful to state realistic goals and objectives for our shareholders. I also have a very good track record for accomplishing those.
There was a time, in September I believe, where there were rumours spreading that Yale was 'going out of business or bankrupt' and that obviously proved false. There was a fund that decided to sell approximately 3 million shares in the market and we were able to arrange sufficient buying to absorb that, however, that may have created a sense of "the sky is falling" and all the "Chicken Littles" out there panicked.
I stated in a previous interview that Yale is stronger today than last week and stronger last week than a couple of months ago. This is a 'growth story' and we are building upon our successes. In my opinion, there is no reason that Yale should be trading at these low levels, but sadly, I don't get to set the value of our stock. Again, this is the reason I purchased an additional 750,000 shares.
Q: Investorideas.com
Why do you think some of the junior mining stocks did not really get to participate in the physical gold rally in 2011?
A: Ian Foreman, P.Geo, .President
Well, there are a lot of pundits who look at the markets for a living so I won't go into details. However, I can comment on that from a Yale perspective - it seems that there just wasn't enough confidence in what investors were reading/hearing as there is a general 'been there, done that, got burned' mentality. You can only hear so much regarding the decoupling of the dollar/gold relationship and the 'PIGS' in Europe and the prospect of a depression and the slowing of the Chinese economy and continued strife in American politics before one gets burned out…
I am very enthusiastic to bring in the New Year. With luck, the year will get started off as 2011 did but the rally will last longer!!
More info onYale Resources Ltd. (TSX-V - YLL. OTCBB - YRLLF and Frankfurt - YAB)
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About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has eight projects in its portfolio of which five are optioned out with commitments totaling approximately $1.3 M in expenditures during the next 12 months.
Contact
Ian Foreman
info@yaleresources.com
www.yaleresources.com
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About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
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Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure - Investorideas.com has been compensated by mining stock YLL averaging five hundred per month to distribute and publish news releases and content.
www.InvestorIdeas.com/About/Disclaimer.asp
Source - Investorideas.com
800-665-0411 - dvanzant@investorideas.com
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