Gold Stock Soltera Mining Corp. (OTCPK: SLTA) Update for Investors; Company Transitions to Gold Producer
Soltera Mining plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year
Delta B.C., April 20 , 2010 - www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com update the profile for showcase gold mining stock Soltera Mining Corp. (OTCPK:SLTA.) FRANKFURT: SN7) with recent news and commentary for interested investors, as the company transitions to gold production.
Recent News and Commentary:
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Lisa Springer, CFA
Equity research analyst and financial writer
Excerpt:
Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually.
Read Full Article: http://www.investorideas.com/CO/SLTA/news/4151.asp
News:
April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.
Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:
* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and
* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
Full Press Release: http://www.investorideas.com/CO/SLTA/news/4121.asp
Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile release for Soltera Mining is a paid for submission. 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, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
http://www.investorideas.com/About/News/Clientspecifics.asp
Contact Soltera Mining Corp.
Fabio Montanari, President/COO
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Tuesday, April 20, 2010
Saturday, April 17, 2010
Cleaner Coal Technology Moves Forward in China
Cleaner Coal Technology Moves Forward in China
GE (NYSE: GE) and CPECC Sign Agreements with USTDA to Advance Commercial Scale IGCC
BEIJING--(Investorideas.com mining stocks newswire )--Marking a critical step toward the deployment of “cleaner coal” technology in China, GE (NYSE: GE) and China Power Engineering Consulting Group Corporation (CPECC) signed agreements with the U.S. Trade and Development Agency (USTDA).
“Coal is an abundant and low cost resource in China and the U.S. Gasification technology allows us to use it in a much cleaner way”
.Under the terms of the agreements signed today, USTDA will fund a feasibility study that would support the advancement of commercial scale integrated gasification combined cycle (IGCC) facilities in China based on GE-designed IGCC technology. In this initial study phase, GE and CPECC will evaluate the cost and performance of an IGCC design.
“Coal is an abundant and low cost resource in China and the U.S. Gasification technology allows us to use it in a much cleaner way,” said Steve Bolze, president & CEO for GE Power & Water. “To achieve significant reductions in carbon dioxide and other emissions, cleaner coal power generation technologies such as IGCC must be part of the solution; GE is pleased to be working with CPECC and USTDA in this important endeavor.”
This follows the memorandum of understanding signed between CPECC and USTDA in November as part of the U.S.-China Clean Energy Announcements made by President Obama and President Hu in November 2009.
IGCC and carbon capture technologies have been commercially demonstrated and will need to be widely deployed to enable low cost power generation from domestic energy resources, while at the same time achieving significant reductions in carbon dioxide emissions globally. Governments and industry in both the United States and China have critical roles to play in accelerating the deployment of these commercial scale IGCC facilities.
Gasification technology has become a critical tool in the expansion of the Chinese economy, allowing a wide variety of industrial products and fuels to be created from low-cost, abundant coal resources. GE’s gasification technology is one of the most widely applied technologies of its kind in China, with more than 40 licensed facilities. As gasification projects in China get larger and more complex, advanced technologies such as GE's new larger scale quench gasifier and higher-pressure gasification technology will be critical to reducing overall project cost.
The United States and China are two of the largest consumers of coal for industrial applications and power generation. There is significant interest in seeing cleaner gasification technologies and IGCC with carbon capture widely deployed in a carbon-constrained environment.
GE has been at the forefront of IGCC technology for more than two decades. GE technology was involved in several milestone projects, including the pilot IGCC plant, Coolwater, in Barstow, Calif., and the Polk Tampa Electric IGCC plant in Florida that helped demonstrate the commercial feasibility of IGCC. GE also is supplying IGCC technology for Duke Energy’s plant in Edwardsport, Ind., that is expected to be the world’s largest IGCC facility when it comes online in 2012.
About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $37 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy - GE Power & Water, GE Energy Services and GE Oil & Gas - work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
_______________________________________________________
more coal stocks info:
The coal stocks stock directory is available to Investor Ideas Members by login or in PDF, is one of the most comprehensive available to investors online and features Micro-cap OTC stocks, TSX, ASX, NASDAQ, NYSE stocks as well as public companies on other global stock exchanges.
Preview of Coal Stocks Directory:
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
GE (NYSE: GE) and CPECC Sign Agreements with USTDA to Advance Commercial Scale IGCC
BEIJING--(Investorideas.com mining stocks newswire )--Marking a critical step toward the deployment of “cleaner coal” technology in China, GE (NYSE: GE) and China Power Engineering Consulting Group Corporation (CPECC) signed agreements with the U.S. Trade and Development Agency (USTDA).
“Coal is an abundant and low cost resource in China and the U.S. Gasification technology allows us to use it in a much cleaner way”
.Under the terms of the agreements signed today, USTDA will fund a feasibility study that would support the advancement of commercial scale integrated gasification combined cycle (IGCC) facilities in China based on GE-designed IGCC technology. In this initial study phase, GE and CPECC will evaluate the cost and performance of an IGCC design.
“Coal is an abundant and low cost resource in China and the U.S. Gasification technology allows us to use it in a much cleaner way,” said Steve Bolze, president & CEO for GE Power & Water. “To achieve significant reductions in carbon dioxide and other emissions, cleaner coal power generation technologies such as IGCC must be part of the solution; GE is pleased to be working with CPECC and USTDA in this important endeavor.”
This follows the memorandum of understanding signed between CPECC and USTDA in November as part of the U.S.-China Clean Energy Announcements made by President Obama and President Hu in November 2009.
IGCC and carbon capture technologies have been commercially demonstrated and will need to be widely deployed to enable low cost power generation from domestic energy resources, while at the same time achieving significant reductions in carbon dioxide emissions globally. Governments and industry in both the United States and China have critical roles to play in accelerating the deployment of these commercial scale IGCC facilities.
Gasification technology has become a critical tool in the expansion of the Chinese economy, allowing a wide variety of industrial products and fuels to be created from low-cost, abundant coal resources. GE’s gasification technology is one of the most widely applied technologies of its kind in China, with more than 40 licensed facilities. As gasification projects in China get larger and more complex, advanced technologies such as GE's new larger scale quench gasifier and higher-pressure gasification technology will be critical to reducing overall project cost.
The United States and China are two of the largest consumers of coal for industrial applications and power generation. There is significant interest in seeing cleaner gasification technologies and IGCC with carbon capture widely deployed in a carbon-constrained environment.
GE has been at the forefront of IGCC technology for more than two decades. GE technology was involved in several milestone projects, including the pilot IGCC plant, Coolwater, in Barstow, Calif., and the Polk Tampa Electric IGCC plant in Florida that helped demonstrate the commercial feasibility of IGCC. GE also is supplying IGCC technology for Duke Energy’s plant in Edwardsport, Ind., that is expected to be the world’s largest IGCC facility when it comes online in 2012.
About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $37 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy - GE Power & Water, GE Energy Services and GE Oil & Gas - work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
_______________________________________________________
more coal stocks info:
The coal stocks stock directory is available to Investor Ideas Members by login or in PDF, is one of the most comprehensive available to investors online and features Micro-cap OTC stocks, TSX, ASX, NASDAQ, NYSE stocks as well as public companies on other global stock exchanges.
Preview of Coal Stocks Directory:
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Thursday, April 15, 2010
Soltera Mining (OTCPK:SLTA) Locks In Gold Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Soltera Mining (OTCPK:SLTA) Locks In Gold Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Point Roberts WA, Delta B.C., April 15, 2010 - www.InvestorIdeas.com and its leading mining investor portals present recent commentary on Soltera Mining Corp. (OTCPK:SLTA) FRANKFURT:SN7), by Lisa Springer, CFA, equity research analyst and financial writer.
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Lisa Springer, CFA
Equity research analyst and financial writer
During tough times, innovative approaches and smart deal-making can separate winners from losers, particularly in mineral mining, which is a notoriously capital-intensive business. Soltera Mining (OTCPK: SLTA), a junior gold mining company operating in South America, has acquired rights to mine gold-bearing surface deposits at El Torno that are both accessible and inexpensive to work and process. In return for a US$150,000 upfront payment and rental payments totaling US$200,000, Soltera gains access to gold-bearing deposits estimated to contain over half a million gold ounces by another major mining company and potentially worth over US$500 million at current gold prices. The cash flows Soltera generates from sales of surficial gold will enable the Company to fund further exploration and development of a potentially world-class gold resource beneath El Torno’s surface. In addition, the US$150,000 payment gives Soltera exploration privileges and right of first refusal to purchase Sur Eureka, an adjacent property the Company believes has significant copper-gold potential.
Located in northern Argentina near the Bolivian border, the El Torno property contains a 14 kilometer long gold-rich quartz vein, smaller veins of dispersed gold joined to the main system, and elluvial deposits embedded in gold- bearing bedrock distributed throughout at depths of 2-3 meters. These elluvial materials are particularly important to Soltera’s short-term business strategy, since these are inexpensive to mine and process. In fact, El Torno’s previous titleholder extracted elluvial material using a back hoe and a simple gravity concentration plant until ill health forced him to stop. In addition to mining, the agreement gives Soltera the right to process the gold-bearing materials it extracts at a nearby processing plant in return for paying 10% of produced gold to the titleholder. The mining agreement has a four year term, can be renewed for another four years, and awards Soltera ownership of the processing plant and equipment if production is halted for any reason.
El Torno had been mined by the Spanish and the Incas centuries earlier, but exploration by modern mining companies is recent. Penoles (BMV:PE&OLES), a large mining conglomerate whose shares trade on the Mexican Stock Exchange, estimated gold deposits of at least half a million ounces at El Torno and a resource potentially exceeding two million ounces based on drilling samples taken in the late 1990s, but was unable to secure mineral rights to the property. The presence of other majors with nearby claims – Rio Doce Argentina (CRVD owned), Cardero Resources (AMX:CDY), Coeur d’Alen Mines Corp. (NYSE:CDE) and Yamana Gold (NYSE:AUY) attests to the fact that many operators believe world class gold deposits can be found in the El Torno area.
Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually. In addition, Soltera would be able to self-fund its surface mining operations while further investigating underground and open vein targets where the majority of El Torno gold is likely found. A producing mine also makes Soltera more attractive to financing partners. The tonnage and grade potential of El Torno surface deposits has not yet been established, but Soltera expects to begin generating revenues almost immediately from sales of fine gold left behind in mined rock, which it can recover using simple processing methods.
If Penoles’ 500,000 ounce resource estimate is correct, El Torno gold would be worth approximately US$550 million at current $1,100 per ounce gold prices. At Penoles’ 2 million ounce estimate, the potential value of El Torno gold rises to US$2 billion. Investors should be aware, however, that exploitable El Torno resources could differ materially from those indicated by drilling results and understand these and the other risk factors described more fully in the Company’s SEC filings if they are considering purchasing shares. Still, at even a fraction of Penoles’ lower estimate, El Torno’s value would far exceed Soltera’s US$5 million market capitalization and could immediately vault Soltera into the ranks of mid-tier mining companies.
In addition to El Torno, Soltera has mining rights at Sur Eureka, an adjacent property 5 kilometers from El Torno covering approximately 2,926 hectares. There are mine works already at Sur Eureka and exploratory drilling done previously by Soltera and a joint venture partner showed strong potential for copper and gold mineralization. Soltera has exploration rights to this property through the end of July and right of first refusal on Sur Eureka’s purchase for 3 years.
Soltera is led by a seasoned geologist, Dr. Fabio Montanari, who is located on-site at El Torno and brings more than 25 years of international mining experience to the company. Dr. Montanari has overseen exploration projects in Africa, Europe and the Americas for major mining companies such as Asarco (US), Golden Star (UK), ENI Group (Europe) and Normabec (Canada), and also served as a geological consultant to the United Nations. He holds a PhD in Economic Geology and authored a geology textbook used in a major Italian university.
Readers are advised that the above article is solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. The views expressed herein are based upon the author’s analysis of the issuer's public disclosures, and assumes both their accuracy and completeness. The opinions and statements included herein are based on sources (including the companies discussed and public sources) believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. The author has not independently verified the information contained herein. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. You should review a complete information package on all companies, which should include, but not be limited to, the Company's annual report, quarterly reports, press releases and all regulatory filings. The foregoing discussion contains statements which are based on current expectations, estimates and projections, and differences from such expectations, estimates and projections can be expected.
The author, Lisa Springer, was compensated for writing this and doesn’t own shares of any of the companies mentioned in this article.
Lisa Springer, CFA
Bio: http://www.investorideas.com/About/Lisa-Springer-CFA/
Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
ww.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile is a paid for submission. 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, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Contact Soltera Mining Corp.
Carlton Parfitt
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
_____________________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Point Roberts WA, Delta B.C., April 15, 2010 - www.InvestorIdeas.com and its leading mining investor portals present recent commentary on Soltera Mining Corp. (OTCPK:SLTA) FRANKFURT:SN7), by Lisa Springer, CFA, equity research analyst and financial writer.
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Lisa Springer, CFA
Equity research analyst and financial writer
During tough times, innovative approaches and smart deal-making can separate winners from losers, particularly in mineral mining, which is a notoriously capital-intensive business. Soltera Mining (OTCPK: SLTA), a junior gold mining company operating in South America, has acquired rights to mine gold-bearing surface deposits at El Torno that are both accessible and inexpensive to work and process. In return for a US$150,000 upfront payment and rental payments totaling US$200,000, Soltera gains access to gold-bearing deposits estimated to contain over half a million gold ounces by another major mining company and potentially worth over US$500 million at current gold prices. The cash flows Soltera generates from sales of surficial gold will enable the Company to fund further exploration and development of a potentially world-class gold resource beneath El Torno’s surface. In addition, the US$150,000 payment gives Soltera exploration privileges and right of first refusal to purchase Sur Eureka, an adjacent property the Company believes has significant copper-gold potential.
Located in northern Argentina near the Bolivian border, the El Torno property contains a 14 kilometer long gold-rich quartz vein, smaller veins of dispersed gold joined to the main system, and elluvial deposits embedded in gold- bearing bedrock distributed throughout at depths of 2-3 meters. These elluvial materials are particularly important to Soltera’s short-term business strategy, since these are inexpensive to mine and process. In fact, El Torno’s previous titleholder extracted elluvial material using a back hoe and a simple gravity concentration plant until ill health forced him to stop. In addition to mining, the agreement gives Soltera the right to process the gold-bearing materials it extracts at a nearby processing plant in return for paying 10% of produced gold to the titleholder. The mining agreement has a four year term, can be renewed for another four years, and awards Soltera ownership of the processing plant and equipment if production is halted for any reason.
El Torno had been mined by the Spanish and the Incas centuries earlier, but exploration by modern mining companies is recent. Penoles (BMV:PE&OLES), a large mining conglomerate whose shares trade on the Mexican Stock Exchange, estimated gold deposits of at least half a million ounces at El Torno and a resource potentially exceeding two million ounces based on drilling samples taken in the late 1990s, but was unable to secure mineral rights to the property. The presence of other majors with nearby claims – Rio Doce Argentina (CRVD owned), Cardero Resources (AMX:CDY), Coeur d’Alen Mines Corp. (NYSE:CDE) and Yamana Gold (NYSE:AUY) attests to the fact that many operators believe world class gold deposits can be found in the El Torno area.
Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually. In addition, Soltera would be able to self-fund its surface mining operations while further investigating underground and open vein targets where the majority of El Torno gold is likely found. A producing mine also makes Soltera more attractive to financing partners. The tonnage and grade potential of El Torno surface deposits has not yet been established, but Soltera expects to begin generating revenues almost immediately from sales of fine gold left behind in mined rock, which it can recover using simple processing methods.
If Penoles’ 500,000 ounce resource estimate is correct, El Torno gold would be worth approximately US$550 million at current $1,100 per ounce gold prices. At Penoles’ 2 million ounce estimate, the potential value of El Torno gold rises to US$2 billion. Investors should be aware, however, that exploitable El Torno resources could differ materially from those indicated by drilling results and understand these and the other risk factors described more fully in the Company’s SEC filings if they are considering purchasing shares. Still, at even a fraction of Penoles’ lower estimate, El Torno’s value would far exceed Soltera’s US$5 million market capitalization and could immediately vault Soltera into the ranks of mid-tier mining companies.
In addition to El Torno, Soltera has mining rights at Sur Eureka, an adjacent property 5 kilometers from El Torno covering approximately 2,926 hectares. There are mine works already at Sur Eureka and exploratory drilling done previously by Soltera and a joint venture partner showed strong potential for copper and gold mineralization. Soltera has exploration rights to this property through the end of July and right of first refusal on Sur Eureka’s purchase for 3 years.
Soltera is led by a seasoned geologist, Dr. Fabio Montanari, who is located on-site at El Torno and brings more than 25 years of international mining experience to the company. Dr. Montanari has overseen exploration projects in Africa, Europe and the Americas for major mining companies such as Asarco (US), Golden Star (UK), ENI Group (Europe) and Normabec (Canada), and also served as a geological consultant to the United Nations. He holds a PhD in Economic Geology and authored a geology textbook used in a major Italian university.
Readers are advised that the above article is solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. The views expressed herein are based upon the author’s analysis of the issuer's public disclosures, and assumes both their accuracy and completeness. The opinions and statements included herein are based on sources (including the companies discussed and public sources) believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. The author has not independently verified the information contained herein. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. You should review a complete information package on all companies, which should include, but not be limited to, the Company's annual report, quarterly reports, press releases and all regulatory filings. The foregoing discussion contains statements which are based on current expectations, estimates and projections, and differences from such expectations, estimates and projections can be expected.
The author, Lisa Springer, was compensated for writing this and doesn’t own shares of any of the companies mentioned in this article.
Lisa Springer, CFA
Bio: http://www.investorideas.com/About/Lisa-Springer-CFA/
Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
ww.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile is a paid for submission. 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, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Contact Soltera Mining Corp.
Carlton Parfitt
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
_____________________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
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Tuesday, April 13, 2010
TOMBSTONE EXPLORATION (OTCBB:TMBXF) RECEIVES COMMITMENT FOR $1 MILLION IN FINANCING FROM EUROGAS, INC.
TOMBSTONE EXPLORATION CORP. (OTCBB:TMBXF) RECEIVES COMMITMENT FOR $1 MILLION IN FINANCING FROM EUROGAS, INC.
Phoenix, AZ – April 13, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today the Company is receiving $1 Million USD in Capital from EuroGas, Inc., www.eurogasinc.com. Tombstone has received an initial $100,000 USD tranche from EuroGas under the terms of the agreement. Tombstone also has forthcoming plans to name two new Directors to its Board. The new Directors will have backgrounds in mining and finance which will assist the Company in its endeavors.
Alan Brown, CEO of Tombstone, remarked, "The capital infusion from EuroGas will cover the cost of our 2010 Drill Program, provide additional operating capital and enable us to move forward quickly to strategically develop our acreage. EuroGas is an international holding company with investments in natural resources."
EuroGas, Inc. is a publicly traded oil and gas company with assets in Ukraine and Poland, as well as talc mining interests in the Slovak Republic and eighty-two gold/silver mining claims in the Tombstone Mining District. The company's common stock trades on the Frankfurt, Hamburg and Stuttgart Stock Exchanges and Xetra in Germany under the symbol EUG and on the OTC Pink Sheets in the United States under the symbol EUGS.
Tombstone Exploration Corporation (OTCBB:TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
_____________________________________________________________________
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
Visit the TMBXF showcase profile at Investorideas.com
Request News and Info on TMBXF
Published at Investorideas.com and www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Phoenix, AZ – April 13, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today the Company is receiving $1 Million USD in Capital from EuroGas, Inc., www.eurogasinc.com. Tombstone has received an initial $100,000 USD tranche from EuroGas under the terms of the agreement. Tombstone also has forthcoming plans to name two new Directors to its Board. The new Directors will have backgrounds in mining and finance which will assist the Company in its endeavors.
Alan Brown, CEO of Tombstone, remarked, "The capital infusion from EuroGas will cover the cost of our 2010 Drill Program, provide additional operating capital and enable us to move forward quickly to strategically develop our acreage. EuroGas is an international holding company with investments in natural resources."
EuroGas, Inc. is a publicly traded oil and gas company with assets in Ukraine and Poland, as well as talc mining interests in the Slovak Republic and eighty-two gold/silver mining claims in the Tombstone Mining District. The company's common stock trades on the Frankfurt, Hamburg and Stuttgart Stock Exchanges and Xetra in Germany under the symbol EUG and on the OTC Pink Sheets in the United States under the symbol EUGS.
Tombstone Exploration Corporation (OTCBB:TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
_____________________________________________________________________
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
Visit the TMBXF showcase profile at Investorideas.com
Request News and Info on TMBXF
Published at Investorideas.com and www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Monday, April 12, 2010
IAMGOLD (TSX:IMG)(NYSE:IAG) First Quarter 2010 Financial Results to Be Released Before Market Opens on May 6, 2010
IAMGOLD (TSX:IMG)(NYSE:IAG) First Quarter 2010 Financial Results to Be Released Before Market Opens on May 6, 2010
TORONTO, ONTARIO--(http://www.investorideas.com/ mining stocks newswire) - 04/12/10 - IAMGOLD Corporation (TSX:IMG)(NYSE:IAG)(BOTSWANA: IAMGOLD) will release first quarter 2010 financial results before the market opens Thursday, May 6th, 2010.
A conference call will be held on Thursday, May 6th, 2010 at 10:00 a.m. (Eastern Time) to provide highlights from this quarter. A webcast of the conference call will be available through the Company's website - http://www.iamgold.com/.
Conference Call Information:
North America Toll-Free: 1-866-551-1530 or 1-212-401-6700
Passcode: 7140353#
A replay of this conference call will be available from 2:00pm May 6th to June 6th, 2010. Access this replay by dialing:
North America toll-free: 1-866-551-4520 or 1-212-401-6750, passcode: 262288#
A reminder that the Annual General Meeting of the Company's shareholders will be held on Wednesday, May 19th, 2010 at 4:00p.m. (Eastern Time) at the St. Andrew's Club and Conference Centre located at 150 King Street West, 16th floor. Shareholders of record as at the close of business on April 13, 2010 are entitled to notice of, and to vote at, the meeting.
Please note:
This entire press release may be accessed via fax, e-mail, IAMGOLD's website at http://www.iamgold.com/ All material information on IAMGOLD can be found at http://www.sedar.com/ or at http://www.sec.gov/
More mining stocks info
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Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 10 stock directories and investor newsletter.
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TORONTO, ONTARIO--(http://www.investorideas.com/ mining stocks newswire) - 04/12/10 - IAMGOLD Corporation (TSX:IMG)(NYSE:IAG)(BOTSWANA: IAMGOLD) will release first quarter 2010 financial results before the market opens Thursday, May 6th, 2010.
A conference call will be held on Thursday, May 6th, 2010 at 10:00 a.m. (Eastern Time) to provide highlights from this quarter. A webcast of the conference call will be available through the Company's website - http://www.iamgold.com/.
Conference Call Information:
North America Toll-Free: 1-866-551-1530 or 1-212-401-6700
Passcode: 7140353#
A replay of this conference call will be available from 2:00pm May 6th to June 6th, 2010. Access this replay by dialing:
North America toll-free: 1-866-551-4520 or 1-212-401-6750, passcode: 262288#
A reminder that the Annual General Meeting of the Company's shareholders will be held on Wednesday, May 19th, 2010 at 4:00p.m. (Eastern Time) at the St. Andrew's Club and Conference Centre located at 150 King Street West, 16th floor. Shareholders of record as at the close of business on April 13, 2010 are entitled to notice of, and to vote at, the meeting.
Please note:
This entire press release may be accessed via fax, e-mail, IAMGOLD's website at http://www.iamgold.com/ All material information on IAMGOLD can be found at http://www.sedar.com/ or at http://www.sec.gov/
More mining stocks info
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 10 stock directories and investor newsletter.
Become an Investor ideas member - Join today
Mining Stocks News; Soltera (OTCPK: SLTA) Gains Right to Mine Surface Gold Deposits at El Torno, Argentina
Mining Stocks News; Soltera (OTCPK: SLTA) Gains Right to Mine Surface Gold Deposits at El Torno, Argentina
Soltera aims for full production within the next two months
Jujuy, Argentina - April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.
Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:
* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and
* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
El Torno - Joint Venture to Exploit Surficial Gold
El Torno is located in northern Argentina near the international border with Bolivia. The 78 km2 area has potential for world-class gold deposits of two types; vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past; and dispersed gold in suites of small veins and stockworks that are separate from the main system and could be major open-pit targets. One interesting point is that the gold seems to be commonly free and some is in micro-plate form, thereby offering the possibility of recovery by simple mechanical rather than chemical processes (Ethical Gold Exploitation).
Soltera intends to fully investigate both the underground and open-pit targets, but has been limited to date by lack of funding. It should be noted that exploration of the large-scale gold targets will continue as revenue from the surficial exploitation or additional funding becomes available.
The El Torno area contains a third type of gold deposit known as elluvial which is formed of weathered material derived from gold-bearing bedrock. Broad patches of this material, usually 2 m to 3 m deep, are distributed throughout the area, commonly centred on the large open-pit targets. It is easily worked and, in fact, material from one area was extracted by the mineral title owner until three years ago when he ceased operations due to ill health. The weathered gold-bearing material was dug by back hoe and transported some 3 km to a gravity processing plant located just outside the El Torno title area.
Soltera has now formed a joint venture with the mineral title owner to extract and process the elluvial material. Full details of the agreement are available in an 8-K filed with the SEC (see SEC 8-K filing). In essence the joint venture gives Soltera the rights to mine the surface deposits and process the material at the existing plant, with the mineral title owner receiving 10% of gold produced. The agreement is for four years renewable for another four years provided that half the elluvial material has been worked. In the event that production ceases for any reason, Soltera is entitled to take possession of the processing plant.
There is no firm data confirming the tonnage and grade potential, but there certainly appear to be substantial tonnages of surface material suitable for processing. We know that gold was produced from a part of this material using existing equipment for a period of at least two years and that the equipment is still in good condition and serviceable. Furthermore, we think it highly likely that considerable fine pure gold was lost in the recovery process and it may be possible, by using additional simple processing methods (such as spirals) to recover this gold.
Soltera will now immediately bring the existing processing equipment on-stream and carry out test-work on the source material. The objective is to achieve full production within the next two months.
Sur Eureka - Exploration Contract with an Option to Purchase
Sur Eureka is a mineral title area of 2926 hectares with some old mine workings and potential for copper and gold mineralisation, located about 5 km from El Torno. It is in a broad area of copper showings, with the main old Eureka Mine about 2 km to the north.
Exploration work carried out during 2007 and 2008 by the Soltera/TNR Gold Corp joint venture suggested that Sur Eureka is the most promising part of the copper-rich belt. Certainly, possession of the Sur Eureka property controls exploration throughout the area.
Soltera has a contract with the mineral title owner (see SEC filing ), the main terms being that Soltera pays the mineral title owner US$150,000 (already paid) for the exclusive right to explore the property for six months (until end July 2010) and thereafter the right of first refusal to purchase the property for a period of three years.
Additional information on El Torno
The central parts of the El Torno gold-bearing quartz vein system have been worked since the Incas, resulting in approximately 1000 metres of underground galleries. The gold is concentrated in a 2 m thick zone along the western side of the system. More recent drilling and other exploration work by Peñoles and Puma Minerals estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 m or 2 million ounces to a depth of 400 m at an assumed grade of 10 g/t gold (non-NI 43-101 compliant). Stream sediment geochemical exploration by Soltera suggests that the vein system is mineralized throughout its full 14 km length. The potential will be tested by geophysical surveys and diamond drilling.
The Soltera stream sediment surveys also showed broad and strong gold anomalies over wide areas of the country rocks as far away as 3 km from the main vein. These are centered on suites of small veins and stockworks within the country rocks and they appear to be major open-pit targets. These targets will be tested by a programme of trenching, sampling and drilling.
Contact:
Fabio Montanari
President/CEO
Soltera Mining Corp.
1-888-768-5552
Email: info@solteramining.com
Website: http://www.solteramining.com/
* Soltera is a featured showcase company on Investorideas.com and its mining portals.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Pink sheet stock disclaimer: http://www.pinksheets.com/otcguide/investors_protection.jsp
__________________________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
Soltera aims for full production within the next two months
Jujuy, Argentina - April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.
Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:
* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and
* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
El Torno - Joint Venture to Exploit Surficial Gold
El Torno is located in northern Argentina near the international border with Bolivia. The 78 km2 area has potential for world-class gold deposits of two types; vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past; and dispersed gold in suites of small veins and stockworks that are separate from the main system and could be major open-pit targets. One interesting point is that the gold seems to be commonly free and some is in micro-plate form, thereby offering the possibility of recovery by simple mechanical rather than chemical processes (Ethical Gold Exploitation).
Soltera intends to fully investigate both the underground and open-pit targets, but has been limited to date by lack of funding. It should be noted that exploration of the large-scale gold targets will continue as revenue from the surficial exploitation or additional funding becomes available.
The El Torno area contains a third type of gold deposit known as elluvial which is formed of weathered material derived from gold-bearing bedrock. Broad patches of this material, usually 2 m to 3 m deep, are distributed throughout the area, commonly centred on the large open-pit targets. It is easily worked and, in fact, material from one area was extracted by the mineral title owner until three years ago when he ceased operations due to ill health. The weathered gold-bearing material was dug by back hoe and transported some 3 km to a gravity processing plant located just outside the El Torno title area.
Soltera has now formed a joint venture with the mineral title owner to extract and process the elluvial material. Full details of the agreement are available in an 8-K filed with the SEC (see SEC 8-K filing). In essence the joint venture gives Soltera the rights to mine the surface deposits and process the material at the existing plant, with the mineral title owner receiving 10% of gold produced. The agreement is for four years renewable for another four years provided that half the elluvial material has been worked. In the event that production ceases for any reason, Soltera is entitled to take possession of the processing plant.
There is no firm data confirming the tonnage and grade potential, but there certainly appear to be substantial tonnages of surface material suitable for processing. We know that gold was produced from a part of this material using existing equipment for a period of at least two years and that the equipment is still in good condition and serviceable. Furthermore, we think it highly likely that considerable fine pure gold was lost in the recovery process and it may be possible, by using additional simple processing methods (such as spirals) to recover this gold.
Soltera will now immediately bring the existing processing equipment on-stream and carry out test-work on the source material. The objective is to achieve full production within the next two months.
Sur Eureka - Exploration Contract with an Option to Purchase
Sur Eureka is a mineral title area of 2926 hectares with some old mine workings and potential for copper and gold mineralisation, located about 5 km from El Torno. It is in a broad area of copper showings, with the main old Eureka Mine about 2 km to the north.
Exploration work carried out during 2007 and 2008 by the Soltera/TNR Gold Corp joint venture suggested that Sur Eureka is the most promising part of the copper-rich belt. Certainly, possession of the Sur Eureka property controls exploration throughout the area.
Soltera has a contract with the mineral title owner (see SEC filing ), the main terms being that Soltera pays the mineral title owner US$150,000 (already paid) for the exclusive right to explore the property for six months (until end July 2010) and thereafter the right of first refusal to purchase the property for a period of three years.
Additional information on El Torno
The central parts of the El Torno gold-bearing quartz vein system have been worked since the Incas, resulting in approximately 1000 metres of underground galleries. The gold is concentrated in a 2 m thick zone along the western side of the system. More recent drilling and other exploration work by Peñoles and Puma Minerals estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 m or 2 million ounces to a depth of 400 m at an assumed grade of 10 g/t gold (non-NI 43-101 compliant). Stream sediment geochemical exploration by Soltera suggests that the vein system is mineralized throughout its full 14 km length. The potential will be tested by geophysical surveys and diamond drilling.
The Soltera stream sediment surveys also showed broad and strong gold anomalies over wide areas of the country rocks as far away as 3 km from the main vein. These are centered on suites of small veins and stockworks within the country rocks and they appear to be major open-pit targets. These targets will be tested by a programme of trenching, sampling and drilling.
Contact:
Fabio Montanari
President/CEO
Soltera Mining Corp.
1-888-768-5552
Email: info@solteramining.com
Website: http://www.solteramining.com/
* Soltera is a featured showcase company on Investorideas.com and its mining portals.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Pink sheet stock disclaimer: http://www.pinksheets.com/otcguide/investors_protection.jsp
__________________________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
Friday, April 09, 2010
Gold Bullion Development Corp. (TSX-V: GBB) - PRIVATE PLACEMENT CLOSES INVESTOR RELATIONS CONSULTANTS RETAINED STOCK OPTONS GRANTED
Gold Bullion Development Corp. (TSX-V: GBB) - PRIVATE PLACEMENT CLOSES INVESTOR RELATIONS CONSULTANTS RETAINED STOCK OPTONS GRANTED
April 8, 2010 (http://www.investorideas.com/ Mining Stocks Newswire) - Gold Bullion Development Corp. (the "Company" or "Gold Bullion", TSX.V: GBB) is pleased to announce that it has closed the non-brokered private placement announced on March 16, 2010, as amended March 26, 2010, by the issuance of 18,700,000 units at a price of $0.215 per unit to raise gross proceeds of $4,020,500. Each unit consists of one common share in the capital of the Company and one-half of a transferable share purchase warrant, each whole warrant entitling the holder to purchase one additional common share in the capital of the Company for a period of two years from the date of issuance, at a purchase price of $0.30 per share.
The 5 Stocks to Own in 2010 -- Free Report!In connection with certain subscriptions of the private placement, the Company paid cash finders' fees to arm's length parties in an aggregate amount of $359,319.43, representing 10% of the gross proceeds raised through them in the private placement. In addition, the Company issued an aggregate of 1,056,356 non-transferable broker warrants to Allyson Taylor Partners, RWS Capital Services, Jordan Capital Markets Inc., and MacDougall, MacDougall & Mactier Inc. Each broker warrant entitles the holder to purchase one common share of the Company for a period of two years from the date of issuance, at a purchase price of $0.30 per share.
All securities issued by the Company pursuant to the private placement are subject to a hold period of four months and one day and cannot be resold until August 7, 2010.
Proceeds of the private placement will be used for the development of the Company's Granada Gold Mine.
Investor Relations
The Company announces that it has entered into an agreement (the “IR Agreement”) with San Diego Torrey Hills Capital, Inc. ("Torrey Hills Capital") of Del Mar, California, to provide investor relations services.
Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and microcap companies, most of which are in the natural resources sector. It will be Gold Bullion's goal to build and maintain an informed investor audience by increasing awareness about the company through Torrey Hills Capital's established relationships with investment professionals, investment advisors, money managers, and market makers focused on the microcap market space. Torrey Hills Capital will also develop a profile on Gold Bullion for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors.
The IR Agreement is for an initial period of six months, with an option to renew for a further term at the mutual agreement of both parties.
Torrey Hills Capital will receive a monthly retainer of US$5,000 during the term of the agreement, for an aggregate consideration of US$30,000. The Company has also granted an option to purchase up to 200,000 common shares to Torrey Hills Capital, exercisable for a period of three years at an exercise price of $0.20 per share. The options are granted pursuant to the Company's Stock Option Plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange, which require that options granted to a consultant providing investor relations services must vest in stages over 12 months with no more than one-quarter of the options vesting in any three month period.
The IR Agreement is subject to review and approval by the TSX Venture Exchange.
Stock Options
The Company also announces that it has granted stock options to consultants and employees to purchase up to an aggregate of 350,000 common shares of the Company, exercisable at a price of $0.20 per share for five years, subject to regulatory approval. The options are granted in accordance with the Company's Stock Option Plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange.
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 mineral properties, all of which are located in Canada. The Company is currently focused on the advancement of its Granada Gold Mine Property in Rouyn-Noranda, Quebec and Castle Silver Mine Property in Gowganda, Ontario.
Frank J. Basa
President and Chief Executive Officer
For further information contact:
Frank J Basa P.Eng., President & CEO, 1-416-625-2342
Roger Thomas, Director, 1-613-292-2438
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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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April 8, 2010 (http://www.investorideas.com/ Mining Stocks Newswire) - Gold Bullion Development Corp. (the "Company" or "Gold Bullion", TSX.V: GBB) is pleased to announce that it has closed the non-brokered private placement announced on March 16, 2010, as amended March 26, 2010, by the issuance of 18,700,000 units at a price of $0.215 per unit to raise gross proceeds of $4,020,500. Each unit consists of one common share in the capital of the Company and one-half of a transferable share purchase warrant, each whole warrant entitling the holder to purchase one additional common share in the capital of the Company for a period of two years from the date of issuance, at a purchase price of $0.30 per share.
The 5 Stocks to Own in 2010 -- Free Report!In connection with certain subscriptions of the private placement, the Company paid cash finders' fees to arm's length parties in an aggregate amount of $359,319.43, representing 10% of the gross proceeds raised through them in the private placement. In addition, the Company issued an aggregate of 1,056,356 non-transferable broker warrants to Allyson Taylor Partners, RWS Capital Services, Jordan Capital Markets Inc., and MacDougall, MacDougall & Mactier Inc. Each broker warrant entitles the holder to purchase one common share of the Company for a period of two years from the date of issuance, at a purchase price of $0.30 per share.
All securities issued by the Company pursuant to the private placement are subject to a hold period of four months and one day and cannot be resold until August 7, 2010.
Proceeds of the private placement will be used for the development of the Company's Granada Gold Mine.
Investor Relations
The Company announces that it has entered into an agreement (the “IR Agreement”) with San Diego Torrey Hills Capital, Inc. ("Torrey Hills Capital") of Del Mar, California, to provide investor relations services.
Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and microcap companies, most of which are in the natural resources sector. It will be Gold Bullion's goal to build and maintain an informed investor audience by increasing awareness about the company through Torrey Hills Capital's established relationships with investment professionals, investment advisors, money managers, and market makers focused on the microcap market space. Torrey Hills Capital will also develop a profile on Gold Bullion for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors.
The IR Agreement is for an initial period of six months, with an option to renew for a further term at the mutual agreement of both parties.
Torrey Hills Capital will receive a monthly retainer of US$5,000 during the term of the agreement, for an aggregate consideration of US$30,000. The Company has also granted an option to purchase up to 200,000 common shares to Torrey Hills Capital, exercisable for a period of three years at an exercise price of $0.20 per share. The options are granted pursuant to the Company's Stock Option Plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange, which require that options granted to a consultant providing investor relations services must vest in stages over 12 months with no more than one-quarter of the options vesting in any three month period.
The IR Agreement is subject to review and approval by the TSX Venture Exchange.
Stock Options
The Company also announces that it has granted stock options to consultants and employees to purchase up to an aggregate of 350,000 common shares of the Company, exercisable at a price of $0.20 per share for five years, subject to regulatory approval. The options are granted in accordance with the Company's Stock Option Plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange.
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 mineral properties, all of which are located in Canada. The Company is currently focused on the advancement of its Granada Gold Mine Property in Rouyn-Noranda, Quebec and Castle Silver Mine Property in Gowganda, Ontario.
Frank J. Basa
President and Chief Executive Officer
For further information contact:
Frank J Basa P.Eng., President & CEO, 1-416-625-2342
Roger Thomas, Director, 1-613-292-2438
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
_________________________________________________________________________
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Thursday, April 08, 2010
Mining Stocks; Stillwater Mining Company (NYSE:SWC ) Comments on Norilsk Nickel's Schedule 13-D Filing
Mining Stocks; Stillwater Mining Company (NYSE:SWC ) Comments on Norilsk Nickel's Schedule 13-D Filing
COLUMBUS, MT--04/08/10 ( http://www.investorideas.com/ Mining stocks newswire) - STILLWATER MINING COMPANY (NYSE:SWC ) today desired to comment on certain reports concerning yesterday's Schedule 13-D filing by Norilsk Nickel and certain of its affiliates, which collectively hold approximately 51.3% of Stillwater's common shares, wherein Norilsk Nickel said that they are exploring potential strategic alternatives regarding their investment in Stillwater. Stillwater today confirmed that they have been aware of Norilsk Nickel's preliminary consideration of strategic alternatives and have had several discussions concerning these alternatives with Norilsk Nickel and its representatives.
The decision to explore strategic alternatives, of course, was made solely by Norilsk Nickel, as was announced yesterday.
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. The Company's shares are traded on the New York Stock Exchange under the symbol SWC. Information on Stillwater Mining Company can be found at its web site: http://www.stillwatermining.com/
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COLUMBUS, MT--04/08/10 ( http://www.investorideas.com/ Mining stocks newswire) - STILLWATER MINING COMPANY (NYSE:SWC ) today desired to comment on certain reports concerning yesterday's Schedule 13-D filing by Norilsk Nickel and certain of its affiliates, which collectively hold approximately 51.3% of Stillwater's common shares, wherein Norilsk Nickel said that they are exploring potential strategic alternatives regarding their investment in Stillwater. Stillwater today confirmed that they have been aware of Norilsk Nickel's preliminary consideration of strategic alternatives and have had several discussions concerning these alternatives with Norilsk Nickel and its representatives.
The decision to explore strategic alternatives, of course, was made solely by Norilsk Nickel, as was announced yesterday.
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. The Company's shares are traded on the New York Stock Exchange under the symbol SWC. Information on Stillwater Mining Company can be found at its web site: http://www.stillwatermining.com/
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Mining Stocks; Centerra Gold (TSX: CG.TO)Confirms Operations Continue at Its Kumtor Mine
Mining Stocks; Centerra Gold (TSX: CG.TO)Confirms Operations Continue at Its Kumtor Mine
TORONTO, ONTARIO--( www.Investorideas.com mining stocks newswire) April 8, 2010) - Centerra Gold Inc. (TSX: CG.TO) today confirmed that operations at its Kumtor mine, in the Kyrgyz Republic, continue uninterrupted and are currently unaffected by the unrest in the country. The Kumtor mine is located 430 kilometres by road to the southeast of the national capital Bishkek.
The Company is monitoring the situation to ensure that conditions remain safe to continue to transport people and supplies to the mine.
Centerra is a growth-oriented, gold mining company focused on operating, developing, exploring and acquiring gold properties primarily in Asia, the former Soviet Union and other emerging markets worldwide. Centerra is the largest Western-based gold producer in Central Asia. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is based in Toronto, Canada.
Additional information
Additional information on Centerra is available on the Company's website at www.centerragold.com and on SEDAR at www.sedar.com.
Contacts
John W. Pearson
Centerra Gold Inc.
Vice President, Investor Relations
416-204-1241
john.pearson@centerragold.com
__________________________________
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TORONTO, ONTARIO--( www.Investorideas.com mining stocks newswire) April 8, 2010) - Centerra Gold Inc. (TSX: CG.TO) today confirmed that operations at its Kumtor mine, in the Kyrgyz Republic, continue uninterrupted and are currently unaffected by the unrest in the country. The Kumtor mine is located 430 kilometres by road to the southeast of the national capital Bishkek.
The Company is monitoring the situation to ensure that conditions remain safe to continue to transport people and supplies to the mine.
Centerra is a growth-oriented, gold mining company focused on operating, developing, exploring and acquiring gold properties primarily in Asia, the former Soviet Union and other emerging markets worldwide. Centerra is the largest Western-based gold producer in Central Asia. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is based in Toronto, Canada.
Additional information
Additional information on Centerra is available on the Company's website at www.centerragold.com and on SEDAR at www.sedar.com.
Contacts
John W. Pearson
Centerra Gold Inc.
Vice President, Investor Relations
416-204-1241
john.pearson@centerragold.com
__________________________________
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Tuesday, April 06, 2010
TOMBSTONE EXPLORATION (OTCBB:TMBXF) SELECTS WEBER DRILLING FOR DRILL PROGRAM
TOMBSTONE EXPLORATION (OTCBB:TMBXF) SELECTS WEBER DRILLING FOR DRILL PROGRAM
Phoenix, AZ – April 6, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today that Weber Drilling of St. David, Arizona has been engaged for the 2010 Drill Program. Weber is scheduled to commence drilling on April 12th.
The 5 Stocks to Own in 2010 -- Free Report!Alan M. Brown, CEO of Tombstone, stated, "Weber Drilling's selection and the start of this year's drill program is a compliment to our exploration team. They have worked extremely hard to get us to this point."
Tombstone Exploration Corporation (OTCBB:TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit http://www.tombstonemining.com/
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
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Phoenix, AZ – April 6, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today that Weber Drilling of St. David, Arizona has been engaged for the 2010 Drill Program. Weber is scheduled to commence drilling on April 12th.
The 5 Stocks to Own in 2010 -- Free Report!Alan M. Brown, CEO of Tombstone, stated, "Weber Drilling's selection and the start of this year's drill program is a compliment to our exploration team. They have worked extremely hard to get us to this point."
Tombstone Exploration Corporation (OTCBB:TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit http://www.tombstonemining.com/
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
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Soltera Mining (OTC:SLTA.PK; FRANKFURT:SN7) Moves to Produce Gold from Surface Deposits at El Torno, Argentina
Soltera Mining (OTC:SLTA.PK; FRANKFURT:SN7) Moves to Produce Gold from Surface Deposits at El Torno, Argentina
Jujuy, Argentina - April 6, 2010 (Investorideas.com Mining Stocks Newswire) - - Dr. Fabio Montanari, President and CEO of Soltera Mining Corp. ( OTC: SLTA.PK; Frankfurt: SN7) ( www.solteramining.com) is pleased to announce that Soltera has signed two agreements with the El Torno mineral title owner which combined give Soltera the right to mine surficial gold at El Torno together with certain exploration rights over a prospective copper area known as Sur Eureka. The two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired:
the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
El Torno – Joint Venture to Exploit Surficial Gold
El Torno is located in northern Argentina near the international border with Bolivia. The 78 km 2 area has potential for world-class gold deposits of two types; vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past; and dispersed gold in suites of small veins and stockworks that are separate from the main system and could be major open-pit targets. One interesting point is that the gold seems to be commonly free and some is in micro-plate form, thereby offering the possibility of recovery by simple mechanical rather than chemical processes (Ethical Gold Exploitation).
Soltera intends to fully investigate both the underground and open-pit targets, but has been limited to date by lack of funding. It should be noted that exploration of the large-scale gold targets will continue as revenue from the surficial exploitation or additional funding becomes available.
The El Torno area contains a third type of gold deposit known as elluvial which is formed of weathered material derived from gold-bearing bedrock. Broad patches of this material, usually 2 m to 3 m deep, are distributed throughout the area, commonly centred on the large open-pit targets. It is easily worked and, in fact, material from one area was extracted by the mineral title owner until three years ago when he ceased operations due to ill health. The weathered gold-bearing material was dug by back hoe and transported some 3 km to a gravity processing plant located just outside the El Torno title area.
Soltera has now formed a joint venture with the mineral title owner to extract and process the elluvial material. Full details of the agreement are available in an 8-K filed with the SEC (see SEC 8-K filing here). In essence the joint venture gives Soltera the rights to mine the surface deposits and process the material at the existing plant, with the mineral title owner receiving 10% of gold produced. The agreement is for four years renewable for another four years provided that half the elluvial material has been worked. In the event that production ceases for any reason, Soltera is entitled to take possession of the processing plant.
There is no firm data confirming the tonnage and grade potential, but there certainly appear to be substantial tonnages of surface material suitable for processing. We know that gold was produced from a part of this material using existing equipment for a period of at least two years and that the equipment is still in good condition and serviceable. Furthermore, we think it highly likely that considerable fine pure gold was lost in the recovery process and it may be possible, by using additional simple processing methods (such as spirals) to recover this gold.
Soltera will now immediately bring the existing processing equipment on-stream and carry out test-work on the source material. The objective is to achieve full production within the next two months.
Sur Eureka – Exploration Contract with an Option to Purchase
Sur Eureka is a mineral title area of 2926 hectares with some old mine workings and potential for copper and gold mineralisation, located about 5 km from El Torno. It is in a broad area of copper showings, with the main old Eureka Mine about 2 km to the north.
Exploration work carried out during 2007 and 2008 by the Soltera/TNR Gold Corp joint venture suggested that Sur Eureka is the most promising part of the copper-rich belt. Certainly, possession of the Sur Eureka property controls exploration throughout the area.
Soltera has a contract with the mineral title owner ( see SEC filing here), the main terms being that Soltera pays the mineral title owner US$150,000 (already paid) for the exclusive right to explore the property for six months (until end July 2010) and thereafter the right of first refusal to purchase the property for a period of three years.
Additional information on El Torno
The central parts of the El Torno gold-bearing quartz vein system have been worked since the Incas, resulting in approximately 1000 metres of underground galleries. The gold is concentrated in a 2 m thick zone along the western side of the system. More recent drilling and other exploration work by Pe ñoles and Puma Minerals estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 m or 2 million ounces to a depth of 400 m at an assumed grade of 10 g/t gold ( non-NI 43-101 compliant). Stream sediment geochemical exploration by Soltera suggests that the vein system is mineralized throughout its full 14 km length. The potential will be tested by geophysical surveys and diamond drilling.
The Soltera stream sediment surveys also showed broad and strong gold anomalies over wide areas of the country rocks as far away as 3 km from the main vein. These are centered on suites of small veins and stockworks within the country rocks and they appear to be major open-pit targets. These targets will be tested by a programme of trenching, sampling and drilling.
Contact:
Fabio Montanari
President/CEO
Soltera Mining Corp.
1-888-768-5552
info@solteramining.com
www.solteramining.com
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Jujuy, Argentina - April 6, 2010 (Investorideas.com Mining Stocks Newswire) - - Dr. Fabio Montanari, President and CEO of Soltera Mining Corp. ( OTC: SLTA.PK; Frankfurt: SN7) ( www.solteramining.com) is pleased to announce that Soltera has signed two agreements with the El Torno mineral title owner which combined give Soltera the right to mine surficial gold at El Torno together with certain exploration rights over a prospective copper area known as Sur Eureka. The two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired:
the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
El Torno – Joint Venture to Exploit Surficial Gold
El Torno is located in northern Argentina near the international border with Bolivia. The 78 km 2 area has potential for world-class gold deposits of two types; vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past; and dispersed gold in suites of small veins and stockworks that are separate from the main system and could be major open-pit targets. One interesting point is that the gold seems to be commonly free and some is in micro-plate form, thereby offering the possibility of recovery by simple mechanical rather than chemical processes (Ethical Gold Exploitation).
Soltera intends to fully investigate both the underground and open-pit targets, but has been limited to date by lack of funding. It should be noted that exploration of the large-scale gold targets will continue as revenue from the surficial exploitation or additional funding becomes available.
The El Torno area contains a third type of gold deposit known as elluvial which is formed of weathered material derived from gold-bearing bedrock. Broad patches of this material, usually 2 m to 3 m deep, are distributed throughout the area, commonly centred on the large open-pit targets. It is easily worked and, in fact, material from one area was extracted by the mineral title owner until three years ago when he ceased operations due to ill health. The weathered gold-bearing material was dug by back hoe and transported some 3 km to a gravity processing plant located just outside the El Torno title area.
Soltera has now formed a joint venture with the mineral title owner to extract and process the elluvial material. Full details of the agreement are available in an 8-K filed with the SEC (see SEC 8-K filing here). In essence the joint venture gives Soltera the rights to mine the surface deposits and process the material at the existing plant, with the mineral title owner receiving 10% of gold produced. The agreement is for four years renewable for another four years provided that half the elluvial material has been worked. In the event that production ceases for any reason, Soltera is entitled to take possession of the processing plant.
There is no firm data confirming the tonnage and grade potential, but there certainly appear to be substantial tonnages of surface material suitable for processing. We know that gold was produced from a part of this material using existing equipment for a period of at least two years and that the equipment is still in good condition and serviceable. Furthermore, we think it highly likely that considerable fine pure gold was lost in the recovery process and it may be possible, by using additional simple processing methods (such as spirals) to recover this gold.
Soltera will now immediately bring the existing processing equipment on-stream and carry out test-work on the source material. The objective is to achieve full production within the next two months.
Sur Eureka – Exploration Contract with an Option to Purchase
Sur Eureka is a mineral title area of 2926 hectares with some old mine workings and potential for copper and gold mineralisation, located about 5 km from El Torno. It is in a broad area of copper showings, with the main old Eureka Mine about 2 km to the north.
Exploration work carried out during 2007 and 2008 by the Soltera/TNR Gold Corp joint venture suggested that Sur Eureka is the most promising part of the copper-rich belt. Certainly, possession of the Sur Eureka property controls exploration throughout the area.
Soltera has a contract with the mineral title owner ( see SEC filing here), the main terms being that Soltera pays the mineral title owner US$150,000 (already paid) for the exclusive right to explore the property for six months (until end July 2010) and thereafter the right of first refusal to purchase the property for a period of three years.
Additional information on El Torno
The central parts of the El Torno gold-bearing quartz vein system have been worked since the Incas, resulting in approximately 1000 metres of underground galleries. The gold is concentrated in a 2 m thick zone along the western side of the system. More recent drilling and other exploration work by Pe ñoles and Puma Minerals estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 m or 2 million ounces to a depth of 400 m at an assumed grade of 10 g/t gold ( non-NI 43-101 compliant). Stream sediment geochemical exploration by Soltera suggests that the vein system is mineralized throughout its full 14 km length. The potential will be tested by geophysical surveys and diamond drilling.
The Soltera stream sediment surveys also showed broad and strong gold anomalies over wide areas of the country rocks as far away as 3 km from the main vein. These are centered on suites of small veins and stockworks within the country rocks and they appear to be major open-pit targets. These targets will be tested by a programme of trenching, sampling and drilling.
Contact:
Fabio Montanari
President/CEO
Soltera Mining Corp.
1-888-768-5552
info@solteramining.com
www.solteramining.com
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Monday, April 05, 2010
Mining Stocks News; Goldcorp (TSX:G )(NYSE:GG) Declares Fourth Monthly Dividend Payment for 2010
Mining Stocks News; Goldcorp (TSX:G )(NYSE:GG) Declares Fourth Monthly Dividend Payment for 2010
(All dollar amounts in United States dollars (US$))
VANCOUVER, BRITISH COLUMBIA--04/05/10- ( Investorideas.com Mining Stocks newswire ) GOLDCORP INC. (TSX:G )(NYSE:GG) is pleased to declare its fourth monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Thursday, April 15, 2010 will be entitled to receive payment of this dividend on Friday, April 23, 2010. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Goldcorp is North America's fastest growing senior gold producer. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in Goldcorp's Annual Information Form for the year ended December 31, 2009, available on http://www.sedar.com/, and Form 40-F for the year ended December 31, 2009 on file with the United States Securities and Exchange Commission in Washington, D.C. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Goldcorp does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
____________________________________
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(All dollar amounts in United States dollars (US$))
VANCOUVER, BRITISH COLUMBIA--04/05/10- ( Investorideas.com Mining Stocks newswire ) GOLDCORP INC. (TSX:G )(NYSE:GG) is pleased to declare its fourth monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Thursday, April 15, 2010 will be entitled to receive payment of this dividend on Friday, April 23, 2010. Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.
Goldcorp is North America's fastest growing senior gold producer. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp. Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcorp to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in Goldcorp's Annual Information Form for the year ended December 31, 2009, available on http://www.sedar.com/, and Form 40-F for the year ended December 31, 2009 on file with the United States Securities and Exchange Commission in Washington, D.C. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Goldcorp does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
____________________________________
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Thursday, April 01, 2010
27.3 METRES OF 4.88 G/T GOLD DRILLED ON ALTO VENTURES (ATV: TSX-V) COLDSTREAM PROPERTY
Mining Stocks News ;27.3 METRES OF 4.88 G/T GOLD DRILLED ON ALTO VENTURES (ATV: TSX-V) COLDSTREAM PROPERTY
27.28 m wide zone averaging 4.88 g/t gold; includes 13.55 g/t gold over 3.0 m
47.25 m wide zone averaging 1.3 g/t gold of multiple higher-grade sections including 11.80 g/t gold over 1.20 m
Results still pending for seven drill holes
Vancouver B.C. - April 1, 2010 (Investorideas.com Mining stocks newswire) - Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce the results for the first two holes of the recently completed diamond drilling program on the East Coldstream Deposit ("Deposit") at the Coldstream Property in Ontario. Foundation Resources Inc (FDN: TSX-V) is the operator and is funding this exploration program to earn an interest in the project.
The first two holes (C-10-14 and C-10-15) are located 50 m apart from each other and were drilled at the Main Zone of the Deposit. Both drill holes intersected wide zones of gold mineralization which include multiple higher grade sections. Gold in both drill holes is associated with 1 to 8 percent disseminated pyrite and occurs within strongly sheared and hydrothermally altered (silica, albite, sericite, magnetite and hematite) mafic to intermediate metavolcanics and quartz-feldspar porphyry intrusive rocks. Significant results are as follows:
Table of Significant Gold Assays from the First Two Holes of the 2010 Winter Drilling Program
Full news : http://www.investorideas.com/news/mining/4018.asp
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27.28 m wide zone averaging 4.88 g/t gold; includes 13.55 g/t gold over 3.0 m
47.25 m wide zone averaging 1.3 g/t gold of multiple higher-grade sections including 11.80 g/t gold over 1.20 m
Results still pending for seven drill holes
Vancouver B.C. - April 1, 2010 (Investorideas.com Mining stocks newswire) - Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce the results for the first two holes of the recently completed diamond drilling program on the East Coldstream Deposit ("Deposit") at the Coldstream Property in Ontario. Foundation Resources Inc (FDN: TSX-V) is the operator and is funding this exploration program to earn an interest in the project.
The first two holes (C-10-14 and C-10-15) are located 50 m apart from each other and were drilled at the Main Zone of the Deposit. Both drill holes intersected wide zones of gold mineralization which include multiple higher grade sections. Gold in both drill holes is associated with 1 to 8 percent disseminated pyrite and occurs within strongly sheared and hydrothermally altered (silica, albite, sericite, magnetite and hematite) mafic to intermediate metavolcanics and quartz-feldspar porphyry intrusive rocks. Significant results are as follows:
Table of Significant Gold Assays from the First Two Holes of the 2010 Winter Drilling Program
Full news : http://www.investorideas.com/news/mining/4018.asp
__________________________
More mining stocks info :
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
Mining Stocks News; MDN (TSX:MDN) Posts 2009 Financial Results
Mining Stocks News; MDN (TSX:MDN) Posts 2009 Financial Results
MONTREAL, QUEBEC--(Investorideas.com Mining Stocks Newswire) - MDN Inc. (TSX:MDN) («MDN») today released its audited financial statements for the year ended December 31, 2009. Management's discussion and analysis and the audited financial statements are available on the Company's website (www.mdn-mines.com) and on SEDAR (www.sedar.com).
Revenue for the year ended December 31, 2009 totaled $7.1 million compared with $27.3 million for the same period in 2008. MDN received a royalty equivalent to 30% of the available liquidity of the Tulawaka gold mine, or $6.9 million plus interest revenue of $155,436 from investments.
The Tulawaka gold mine produced a total of 748,000 ounces of gold since the beginning of operations as an open pit in 2005. The year 2009 was the first year as an underground operation and ramps and galleries were completed down to the 7th level. Gold extraction from stopes took place in majority from the top three levels and underground exploration allowed the 2009 extracted reserves to be replaced.
Tulawaka's life of mine as of December 31, 2009 was estimated at approximately two years based on its proven and probable reserves. However, based on current successful underground drilling results, a plan to extend underground exploration drilling is being developed to define the potential for life of mine extensions. The Tulawaka mine carries no debt.
Working capital as of December 31st, 2009 amounted to 19.8 million dollars.
SUMMARY OF OPERATING RESULTS
For the year ended December 31 2009 2008
(In thousands of dollars, except for per share amounts)
Revenue 7,110 27,257
Administrative expenses 4,091 4,356
Royalties on gold price - 4,929
Foreign exchange loss (gain) 363 (972 )
Net income (loss) 824 22,957
Net earnings (net loss) per share, basic and fully diluted 0.009 0.239
Weighted-average number of shares outstanding (in thousands) 94,839 91,678
Summary results of the Tulawaka gold mine (100%)
MDN's participating interest is 30%
For the year ended December 31 2009 2008
Gold production (oz) 94,180 211,373
Gold sales (oz) 93,355 212,913
Average sales price / oz (in $ US) 966 880
Total revenues (in millions of $ US) 90.2 187.5
Serge Bureau, President and CEO of MDN commented "The year 2009 was a transition year for the Tulawaka gold mine as operations moved from open pit to underground mining. Nonetheless, MDN's strategy remains the same: to be a growing junior gold company with the uniqueness of having its exploration programs fully funded by a stable source of revenues. We are committed to remain a gold explorer, with a potential source of cash from two good mining assets, one in operation and the other moving forward with the development of the Crevier project, a secure North American source of strategic metals."
Exploration in Tanzania
Drilling programs of 2009 were mainly focused on Isambara, a 40 km2 property owned 100% by MDN and located 28 km north of the Tulawaka mine. MDN discovered a gold mineralization zone in the southern part of a soil anomaly of great dimension, which extends 3 km by 4 km. A follow-up drilling program will be initiated in 2010. Overall, MDN plans to drill 12,000 meters in 2010 on Isambara, Viyonza and Msasa properties, more than twice the drilling program of 2009.
At Ikungu, a 17.9 km2 property MMI data and drilling results confirm that gold mineralization extends over at least 2.5 km. This gold structure bears an excellent potential for a discovery by MDN and about 2,500 m of drilling is in progress on the property during 2010.
The Tulawaka project is a contractual joint-venture between MDN (30% participating interest) and Pangea Goldfields Inc. (70% participating interest), a wholly owned indirect subsidiary of African Barrick Gold plc and project operator and owner through its subsidiary Pangea Minerals Ltd. The information disclosed on the Tulawaka Gold Mine is based on information provided by the Operator.
About MDN
MDN Inc.(TSX:MDN) is a mining exploration and development company with adequate financial resources to develop its promising projects in Québec and in Tanzania. MDN also remains active in the search for new business opportunities that can raise shareholder value. In addition to its 30% participation in the Tulawaka Gold Mine, MDN is the operator and owner of a majority interest in mineral licenses totalling 715 km2 around the Tulawaka gold mine in Tanzania. The company also owns a 67.5% interest in Minéraux Crevier Inc., which owns a property with a NI 43-101 niobium and tantalum resource located in the Lac St-Jean area of Québec. MDN has an option to increase its equity participation in Minéraux Crevier Inc. up to 87.5%. Additional information is available on MDN's website at www.mdn-mines.com.
Forward looking statements All statements in this release, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements are discussed in greater detail in the Company's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the factors mentioned in the Annual Information Form as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.
__________________________________________________
More Mining Stocks Info:
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
MONTREAL, QUEBEC--(Investorideas.com Mining Stocks Newswire) - MDN Inc. (TSX:MDN) («MDN») today released its audited financial statements for the year ended December 31, 2009. Management's discussion and analysis and the audited financial statements are available on the Company's website (www.mdn-mines.com) and on SEDAR (www.sedar.com).
Revenue for the year ended December 31, 2009 totaled $7.1 million compared with $27.3 million for the same period in 2008. MDN received a royalty equivalent to 30% of the available liquidity of the Tulawaka gold mine, or $6.9 million plus interest revenue of $155,436 from investments.
The Tulawaka gold mine produced a total of 748,000 ounces of gold since the beginning of operations as an open pit in 2005. The year 2009 was the first year as an underground operation and ramps and galleries were completed down to the 7th level. Gold extraction from stopes took place in majority from the top three levels and underground exploration allowed the 2009 extracted reserves to be replaced.
Tulawaka's life of mine as of December 31, 2009 was estimated at approximately two years based on its proven and probable reserves. However, based on current successful underground drilling results, a plan to extend underground exploration drilling is being developed to define the potential for life of mine extensions. The Tulawaka mine carries no debt.
Working capital as of December 31st, 2009 amounted to 19.8 million dollars.
SUMMARY OF OPERATING RESULTS
For the year ended December 31 2009 2008
(In thousands of dollars, except for per share amounts)
Revenue 7,110 27,257
Administrative expenses 4,091 4,356
Royalties on gold price - 4,929
Foreign exchange loss (gain) 363 (972 )
Net income (loss) 824 22,957
Net earnings (net loss) per share, basic and fully diluted 0.009 0.239
Weighted-average number of shares outstanding (in thousands) 94,839 91,678
Summary results of the Tulawaka gold mine (100%)
MDN's participating interest is 30%
For the year ended December 31 2009 2008
Gold production (oz) 94,180 211,373
Gold sales (oz) 93,355 212,913
Average sales price / oz (in $ US) 966 880
Total revenues (in millions of $ US) 90.2 187.5
Serge Bureau, President and CEO of MDN commented "The year 2009 was a transition year for the Tulawaka gold mine as operations moved from open pit to underground mining. Nonetheless, MDN's strategy remains the same: to be a growing junior gold company with the uniqueness of having its exploration programs fully funded by a stable source of revenues. We are committed to remain a gold explorer, with a potential source of cash from two good mining assets, one in operation and the other moving forward with the development of the Crevier project, a secure North American source of strategic metals."
Exploration in Tanzania
Drilling programs of 2009 were mainly focused on Isambara, a 40 km2 property owned 100% by MDN and located 28 km north of the Tulawaka mine. MDN discovered a gold mineralization zone in the southern part of a soil anomaly of great dimension, which extends 3 km by 4 km. A follow-up drilling program will be initiated in 2010. Overall, MDN plans to drill 12,000 meters in 2010 on Isambara, Viyonza and Msasa properties, more than twice the drilling program of 2009.
At Ikungu, a 17.9 km2 property MMI data and drilling results confirm that gold mineralization extends over at least 2.5 km. This gold structure bears an excellent potential for a discovery by MDN and about 2,500 m of drilling is in progress on the property during 2010.
The Tulawaka project is a contractual joint-venture between MDN (30% participating interest) and Pangea Goldfields Inc. (70% participating interest), a wholly owned indirect subsidiary of African Barrick Gold plc and project operator and owner through its subsidiary Pangea Minerals Ltd. The information disclosed on the Tulawaka Gold Mine is based on information provided by the Operator.
About MDN
MDN Inc.(TSX:MDN) is a mining exploration and development company with adequate financial resources to develop its promising projects in Québec and in Tanzania. MDN also remains active in the search for new business opportunities that can raise shareholder value. In addition to its 30% participation in the Tulawaka Gold Mine, MDN is the operator and owner of a majority interest in mineral licenses totalling 715 km2 around the Tulawaka gold mine in Tanzania. The company also owns a 67.5% interest in Minéraux Crevier Inc., which owns a property with a NI 43-101 niobium and tantalum resource located in the Lac St-Jean area of Québec. MDN has an option to increase its equity participation in Minéraux Crevier Inc. up to 87.5%. Additional information is available on MDN's website at www.mdn-mines.com.
Forward looking statements All statements in this release, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements are discussed in greater detail in the Company's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the factors mentioned in the Annual Information Form as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.
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TASEKO MINES (TSX: TKO; NYSE Amex: TGB) COMPLETES GIBRALTAR MINE JOINT VENTURE WITH JAPANESE CONSORTIUM
MINING STOCKS NEWS; TASEKO MINES (TSX: TKO; NYSE Amex: TGB) COMPLETES GIBRALTAR MINE JOINT VENTURE WITH JAPANESE CONSORTIUM
April 1, 2010, Vancouver, BC – ( Investorideas.com Mining Stocks Newswire ) Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) ("Taseko" or the "Company") wishes to announce that the previously disclosed transaction to sell 25% of the Gibraltar Copper Mine to a Japanese Consortium (Sojitz Corporation – 50%, Dowa Metals & Mining Co., Ltd. – 25%, Furukawa Co., Ltd. – 25%) for approximately C$187 million closed on March 31, 2010. Taseko will continue to be the operator of Gibraltar. A portion of these proceeds has been used to prepay Taseko’s US$50 million long-term Credit Facility provided by Credit Suisse and Investec.
Russell Hallbauer, President and CEO of Taseko commented, “I am very pleased to be entering into
this long-term relationship with world-class partners – Sojitz, Dowa and Furukawa. Additionally, our
favourable debt free balance sheet today will maximize our cash flow from Gibraltar, particularly in
the current copper pricing environment. After the repayment of our credit facility, cash on hand today
is approximately C$190 million. This cash secures a significant portion of the required capital to fund
the construction of our wholly-owned Prosperity Gold-Copper Project.”
For further information on Taseko, please see the Company's website www.tasekomines.com or contact: Brian Bergot, Investor Relations – 778-373-4545, Toll Free 1-800-667-2114.
No regulatory authority has approved or disapproved of the information contained in this news release.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release,other than statements of historical facts, that address intended future agreements, future production, reserve potential,exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially
from those in forward-looking statements include capital market conditions, commodities market prices, exploitation and exploration successes, lack of continuity of mineralization, completion of the mill upgrade on time estimated and at scheduled cost, continued availability of capital and financing, and general economic, market or business conditions.Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward looking statements. For more information on the Company, Investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange
Commission or the Company’s home jurisdiction filings at http://www.sedar.com/.
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Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
April 1, 2010, Vancouver, BC – ( Investorideas.com Mining Stocks Newswire ) Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) ("Taseko" or the "Company") wishes to announce that the previously disclosed transaction to sell 25% of the Gibraltar Copper Mine to a Japanese Consortium (Sojitz Corporation – 50%, Dowa Metals & Mining Co., Ltd. – 25%, Furukawa Co., Ltd. – 25%) for approximately C$187 million closed on March 31, 2010. Taseko will continue to be the operator of Gibraltar. A portion of these proceeds has been used to prepay Taseko’s US$50 million long-term Credit Facility provided by Credit Suisse and Investec.
Russell Hallbauer, President and CEO of Taseko commented, “I am very pleased to be entering into
this long-term relationship with world-class partners – Sojitz, Dowa and Furukawa. Additionally, our
favourable debt free balance sheet today will maximize our cash flow from Gibraltar, particularly in
the current copper pricing environment. After the repayment of our credit facility, cash on hand today
is approximately C$190 million. This cash secures a significant portion of the required capital to fund
the construction of our wholly-owned Prosperity Gold-Copper Project.”
For further information on Taseko, please see the Company's website www.tasekomines.com or contact: Brian Bergot, Investor Relations – 778-373-4545, Toll Free 1-800-667-2114.
No regulatory authority has approved or disapproved of the information contained in this news release.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release,other than statements of historical facts, that address intended future agreements, future production, reserve potential,exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially
from those in forward-looking statements include capital market conditions, commodities market prices, exploitation and exploration successes, lack of continuity of mineralization, completion of the mill upgrade on time estimated and at scheduled cost, continued availability of capital and financing, and general economic, market or business conditions.Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward looking statements. For more information on the Company, Investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange
Commission or the Company’s home jurisdiction filings at http://www.sedar.com/.
__________________________
More mining stocks info:
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
Wednesday, March 31, 2010
Mining Stocks; New Gold (TSX and NYSE AMEX: NGD) Announces Update Related to Sale of Amapari Mine
Mining Stocks; New Gold (TSX and NYSE AMEX: NGD) Announces Update Related to Sale of Amapari Mine
*All figures are in US dollars unless otherwise stated
VANCOUVER, March 31 ( Investorideas.com mining stocks newswire ) - New Gold Inc. ("New Gold") (TSX and NYSE AMEX: NGD) today announces that Beadell Resources Ltd. ("Beadell") has received bids from investors to subscribe for at least A$57 million of ordinary shares of Beadell in relation to the previously-disclosed sale of New Gold's Brazilian subsidiary Mineração Pedra Branca do Amapari Ltda. ("MPBA"), which holds the Amapari mine and other related assets. Due to increased volatility in the gold market since the initial transaction announcement in January 2010, certain terms of the transaction have been revised and New Gold expects to receive $37 million in cash and $16 million in Beadell shares as consideration for the sale of MPBA, versus $46 million in cash and $17 million in Beadell shares as previously disclosed. Under the revised terms, New Gold will hold approximately 19.9% of Beadell. New Gold's objective of receiving meaningful cash proceeds for the non-core Amapari asset is expected to be realized, subject to closing, and under the revised terms New Gold should have a greater share of Beadell equity and related participation in the future success of Amapari. Beadell is an Australian listed gold-focused company with exploration and development assets in Western Australia and Brazil.
"We are pleased that Beadell has completed the book build and, upon closing, the cash proceeds will only help to further enhance our financial flexibility," stated Randall Oliphant, Executive Chairman. "We have been successful in monetizing a non-core asset for meaningful cash proceeds and also remain keen to participate as shareholders of Beadell and look forward to the group's future success at Amapari as well as their other assets."
Beadell shareholders formally approved the equity offering and related transaction at a Shareholder Meeting held on March 12, 2010 and the transaction is expected to close by mid-April.
About New Gold (TSX and NYSE AMEX: NGD)
New Gold is an intermediate gold mining company with the Mesquite Mine in the United States, Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia. The company is expected to produce between 330,000 and 360,000 ounces of gold in 2010, growing to over 400,000 ounces in 2012. In addition, New Gold has a strong portfolio of development and exploration assets in North and South America. For further information on the company, please visit http://www.newgold.com/.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this news release, including any information relating to New Gold's future financial or operating performance may be deemed "forward looking". All statements in this news release, other than statements of historical fact, that address events or developments that New Gold expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond New Gold's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause New Gold's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: significant capital requirements; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States, Australia, Brazil, Mexico and Chile; price volatility in the spot and forward markets for commodities; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local government legislation in Canada, the United States, Australia, Brazil, Mexico and Chile or any other country in which New Gold currently or may in the future carry on business; taxation; controls, regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction that New Gold operates, including, but not limited to, Mexico, where New Gold is involved with ongoing challenges relating to its environmental impact statement for the Cerro San Pedro Mine; the lack of certainty with respect to the Mexican and other foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges the company is or may become a party to, including the third party claim related to the El Morro transaction with respect to New Gold's exercise of its right of first refusal on the El Morro copper-gold project in Chile and its partnership with Goldcorp Inc., which transaction and third party claim were announced by New Gold in January 2010; diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as "Risks Factors" included in New Gold's Annual Information Form filed on March 26, 2010 and Management Information Circular filed on April 15, 2009, both available at http://www.sedar.com/. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
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More mining stocks info:
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
*All figures are in US dollars unless otherwise stated
VANCOUVER, March 31 ( Investorideas.com mining stocks newswire ) - New Gold Inc. ("New Gold") (TSX and NYSE AMEX: NGD) today announces that Beadell Resources Ltd. ("Beadell") has received bids from investors to subscribe for at least A$57 million of ordinary shares of Beadell in relation to the previously-disclosed sale of New Gold's Brazilian subsidiary Mineração Pedra Branca do Amapari Ltda. ("MPBA"), which holds the Amapari mine and other related assets. Due to increased volatility in the gold market since the initial transaction announcement in January 2010, certain terms of the transaction have been revised and New Gold expects to receive $37 million in cash and $16 million in Beadell shares as consideration for the sale of MPBA, versus $46 million in cash and $17 million in Beadell shares as previously disclosed. Under the revised terms, New Gold will hold approximately 19.9% of Beadell. New Gold's objective of receiving meaningful cash proceeds for the non-core Amapari asset is expected to be realized, subject to closing, and under the revised terms New Gold should have a greater share of Beadell equity and related participation in the future success of Amapari. Beadell is an Australian listed gold-focused company with exploration and development assets in Western Australia and Brazil.
"We are pleased that Beadell has completed the book build and, upon closing, the cash proceeds will only help to further enhance our financial flexibility," stated Randall Oliphant, Executive Chairman. "We have been successful in monetizing a non-core asset for meaningful cash proceeds and also remain keen to participate as shareholders of Beadell and look forward to the group's future success at Amapari as well as their other assets."
Beadell shareholders formally approved the equity offering and related transaction at a Shareholder Meeting held on March 12, 2010 and the transaction is expected to close by mid-April.
About New Gold (TSX and NYSE AMEX: NGD)
New Gold is an intermediate gold mining company with the Mesquite Mine in the United States, Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia. The company is expected to produce between 330,000 and 360,000 ounces of gold in 2010, growing to over 400,000 ounces in 2012. In addition, New Gold has a strong portfolio of development and exploration assets in North and South America. For further information on the company, please visit http://www.newgold.com/.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this news release, including any information relating to New Gold's future financial or operating performance may be deemed "forward looking". All statements in this news release, other than statements of historical fact, that address events or developments that New Gold expects to occur, are "forward-looking statements". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "does not expect", "plans", "anticipates", "does not anticipate", "believes", "intends", "estimates", "projects", "potential", "scheduled", "forecast", "budget" and similar expressions, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond New Gold's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause New Gold's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: significant capital requirements; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States, Australia, Brazil, Mexico and Chile; price volatility in the spot and forward markets for commodities; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local government legislation in Canada, the United States, Australia, Brazil, Mexico and Chile or any other country in which New Gold currently or may in the future carry on business; taxation; controls, regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction that New Gold operates, including, but not limited to, Mexico, where New Gold is involved with ongoing challenges relating to its environmental impact statement for the Cerro San Pedro Mine; the lack of certainty with respect to the Mexican and other foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges the company is or may become a party to, including the third party claim related to the El Morro transaction with respect to New Gold's exercise of its right of first refusal on the El Morro copper-gold project in Chile and its partnership with Goldcorp Inc., which transaction and third party claim were announced by New Gold in January 2010; diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as "Risks Factors" included in New Gold's Annual Information Form filed on March 26, 2010 and Management Information Circular filed on April 15, 2009, both available at http://www.sedar.com/. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this news release are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.
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More mining stocks info:
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
Tuesday, March 30, 2010
_Mining Stocks News (TSX.V:AMU) - INITIAL DRILL PROGRAM CONFIRMS AND EXTENDS MINERALIZATION AT SIRBA GOLD PROJECT, NIGER
Mining Stocks News (TSX.V:AMU) - INITIAL DRILL PROGRAM CONFIRMS AND EXTENDS MINERALIZATION AT SIRBA GOLD PROJECT, NIGER
Vancouver, B.C. - March 30, 2010 (Investorideas.com Mining newswire) - The Company wishes to announce that it has completed its initial drill program towards earning its 51% interest in the Sirba Gold Project in Niger from Golden Star Resources.
The 25 hole drill program was designed to confirm and extend gold mineralization identified in five of the multiple targets located on both the Tialkam and Deba concessions. (see attached map). Results from holes drilled in each targeted area are listed below:
The Congo Toure Zone: The drilling target was EW trending quartz veins hosted in a series of mafic tuffs and volcanic rocks, which contain 2-3%, disseminated sulphides. Historic drilling had intersected gold mineralization in quartz vein systems and in host rock, both in the oxide and fresh zones.
Full news : http://www.investorideas.com/CO/AMU/news/3301.asp
Disclosure: AMU is a paid advertising client on Investorideas.com and our mining portals.
______________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
Vancouver, B.C. - March 30, 2010 (Investorideas.com Mining newswire) - The Company wishes to announce that it has completed its initial drill program towards earning its 51% interest in the Sirba Gold Project in Niger from Golden Star Resources.
The 25 hole drill program was designed to confirm and extend gold mineralization identified in five of the multiple targets located on both the Tialkam and Deba concessions. (see attached map). Results from holes drilled in each targeted area are listed below:
The Congo Toure Zone: The drilling target was EW trending quartz veins hosted in a series of mafic tuffs and volcanic rocks, which contain 2-3%, disseminated sulphides. Historic drilling had intersected gold mineralization in quartz vein systems and in host rock, both in the oxide and fresh zones.
Full news : http://www.investorideas.com/CO/AMU/news/3301.asp
Disclosure: AMU is a paid advertising client on Investorideas.com and our mining portals.
______________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
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