Investorideas.com - Rye Patch Gold Corp. (OTC:RPMGF; TSX.V:RPM) Engages Consultant to Promote Investor Relations
Rye Patch Gold Corp. (OTC:RPMGF; TSX.V:RPM) Engages Consultant to Promote Investor Relations
VANCOUVER, BRITISH COLUMBIA - May 17, 2010 (Investorideas.com Mining Stocks Newswire) - Rye Patch Gold Corp (TSX VENTURE:RPM; OTC.BB:RPMGF; "Rye Patch Gold") announces that it has retained the services of Ubika Corporation ("Ubika") as a consultant to promote investor relations. Ubika will communicate with its network of brokers, retail advisors, investors and others in the investment community to raise the profile of the Company through, among other things, the preparation and distribution of research reports pertaining to the Company, making accessible the Company's profile on Ubika's flagship website portal and conducting presentations on the Company. Ubika's engagement commenced as of May 10, 2010 and will extend for a one-year term. Thereafter, the engagement will be subject to automatic renewals unless either Rye Patch Gold or Ubika terminates the engagement upon giving the other party 60 days' advance notice. In consideration for Ubika's services, Rye Patch Gold has paid Ubika an advance fee of $35,000 to cover the one-year term of engagement and will, subject to TSX Venture Exchange (the "Exchange") approval, grant to Ubika a stock option to acquire up to 100,000 common shares of the Company at an exercise price of $0.25 per share for a 5 year term and vesting in accordance with the policies of the Exchange.
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Ubika is a specialized research, analytics and capital market service company with operations in Toronto and Vancouver, Canada. The Managing Director of Ubika is Vikas Ranjan.
Other than the aforementioned grant of the stock option, none of Ubika and Vikas Ranjan owns any securities of, or holds any interest in, Rye Patch Gold, or has any right or intent to acquire any securities of, or interest in, Rye Patch Gold.
About Rye Patch Gold
Rye Patch Gold Corp. is a Tier 1, Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold and silver projects. Rye Patch Gold is developing its primary assets - the advanced-stage Wilco, Lincoln Hill and Gold Ridge projects located along the emerging Oreana gold trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company has established gold and silver resource milestones and time frames in order to build a premier resource development company. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
William C. (Bill) Howald, CEO & President
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
(604) 638-1588
Rye Patch Gold Corp.
(604) 638-1589 (FAX)
info@ryepatchgold.com
www.ryepatchgold.com
Disclosure: RPM is a paid advertising client on Investorideas.com and our mining portals.
Visit the RPM showcase profile at www.Investorideas.com
Request News and Info on RPM
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.
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Monday, May 17, 2010
Rye Patch Gold Corp. (OTC:RPMGF; TSX.V:RPM) Presents Nevada Project Update and Commences Drilling Program at Wilco
Rye Patch Gold Corp. (OTC:RPMGF; TSX.V:RPM) Presents Nevada Project Update and Commences Drilling Program at Wilco
VANCOUVER, BRITISH COLUMBIA - (Investorideas.com Mining Stocks Newswire) - Rye Patch Gold Corp (TSX VENTURE:RPM; OTC.BB:RPMGF; "Rye Patch Gold") is pleased to announce an update on its Nevada project portfolio. Exploration budgets totalling US$1.4M are planned and the hunt for another major Nevada acquisition is underway.
Wilco Project
The Company announces the commencement of a Spring drilling campaign at its 100% controlled Wilco project located on the Oreana trend in West Central Nevada. The campaign will complete up to 5,000-metres of reverse circulation (RC) drilling to test high-grade feeder zones in the North Basin target area and drill a new pediment target. The North Basin drillholes will have a nominal depth of 400-metres, and have been sited based on the new information gleaned from the last years drill program. The drillholes will test the newly identified structural zones for high-grade gold and silver.
In addition, exploration drilling will be initiated on the Woolsey pediment target located in the northern portion of the Wilco property. This target is outboard of an altered silicified siltstone ridge with surface rock chip and soil gold anomalies and is covered by thin veneer of pediment gravels. The altered and mineralized siltstone lithology lies above the main contact zone identified in the Section Line and Willard discovery areas. This contact has not been drilled by past operators. On and adjacent to the pediment, elevated gold and mercury values have been established and a gravity geophysical survey shows shallow pediment gravel cover. Rye Patch controls the private land where the Woolsey target is located. The Woolsey anomaly has size required for another substantial near-surface oxide deposit with significant upside potential.
In addition, drillhole composites from the 2007, 2008 and 2009 drilling campaigns will be selected for metallurgical test work on the Section Line discovery zone. Oxidized material in the drillholes covers a rectangular area measuring 1,800 metres by 1,100 metres (6,000 feet by 3,600 feet) in a series of multiple stacked zones. Rye Patch is in the process of selecting a third party to manage and complete the metallurgical test work.
The drilling and metallurgical test work will be part of an estimated US$500,000 exploration program.
Lincoln Hill Project
At Lincoln Hill, Rye Patch is completing the first ever NI43-101 resource estimate for the project. The Company has sent the geologic model and drillhole information to Scott E. Wilson Consulting who is completing the resource estimate. The Lincoln Hill resource estimate will be the Company's third Nevada gold resource property.
Following completion of the resource estimate, a drilling campaign will be designed. The drill program will have the goal of infilling and expanding the new resource. An exploration program totalling US$500,000 is planned.
Gold Ridge Project
The Gold Ridge project has several early-stage gold zones that require follow up. This early stage work will be completed during the summer with the purpose of identifying new drill targets on the property. The 100% owned Gold Ridge property covers 12 square kilometers prospective ground along the Oreana trend. The exploration work program will define drill targets. An initial targeting budget totalling US$100,000 is envisioned.
Jessup Project
The Jessup project has several targets that show potential for higher grade gold and silver associated with structural controlled breccias and breccia pipes. The targets were identified during the 2008 drill program which delineated higher grade gold and silver within breccias at the San Jacinto and North Jessup resource areas. These targets will be prioritized for a possible 2010 drill campaign. While final cost estimates are not complete, an exploration program totalling US$300,000 is planned.
Finally, the Company is reviewing and updating its proprietary Nevada acquisition list. The Company has identified several major Nevada opportunities that it intends to pursue. One or more of these trend-scale acquisitions could give Rye Patch investors the possibility to participate in a major Nevada gold opportunity.
As released on May 11, 2009 and on June 2, 2009 for the Wilco and Jessup projects respectively, Rye Patch Gold's resource inventory has 1,164,000 ounces of gold and gold equivalent in the measured and indicated category plus 2,177,315 ounces of gold and gold equivalent in the inferred category. The table summarizes Rye Patch Gold's precious metal inventory in Nevada, USA.
The Company also announces the termination of Lindsay Malcolm, as Manager Corporate Development, effective immediately.
About Rye Patch Gold
Rye Patch Gold Corp. is a Tier 1, Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold and silver projects. Rye Patch Gold is developing its primary assets - the advanced-stage Wilco, Lincoln Hill and Gold Ridge projects located along the emerging Oreana gold trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company has established gold and silver resource milestones and time frames in order to build a premier resource development company. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
William C. (Bill) Howald, CEO & President
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
(604) 638-1588
Rye Patch Gold Corp.
(604) 638-1589 (FAX)
info@ryepatchgold.com
www.ryepatchgold.com
Disclosure: RPM is a paid advertising client on Investorideas.com and our mining portals.
Visit the RPM showcase profile at Investorideas.com http://www.investorideas.com/CO/RPM/
Request News and Info on RPM
Published at Investorideas.com and http://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.
VANCOUVER, BRITISH COLUMBIA - (Investorideas.com Mining Stocks Newswire) - Rye Patch Gold Corp (TSX VENTURE:RPM; OTC.BB:RPMGF; "Rye Patch Gold") is pleased to announce an update on its Nevada project portfolio. Exploration budgets totalling US$1.4M are planned and the hunt for another major Nevada acquisition is underway.
Wilco Project
The Company announces the commencement of a Spring drilling campaign at its 100% controlled Wilco project located on the Oreana trend in West Central Nevada. The campaign will complete up to 5,000-metres of reverse circulation (RC) drilling to test high-grade feeder zones in the North Basin target area and drill a new pediment target. The North Basin drillholes will have a nominal depth of 400-metres, and have been sited based on the new information gleaned from the last years drill program. The drillholes will test the newly identified structural zones for high-grade gold and silver.
In addition, exploration drilling will be initiated on the Woolsey pediment target located in the northern portion of the Wilco property. This target is outboard of an altered silicified siltstone ridge with surface rock chip and soil gold anomalies and is covered by thin veneer of pediment gravels. The altered and mineralized siltstone lithology lies above the main contact zone identified in the Section Line and Willard discovery areas. This contact has not been drilled by past operators. On and adjacent to the pediment, elevated gold and mercury values have been established and a gravity geophysical survey shows shallow pediment gravel cover. Rye Patch controls the private land where the Woolsey target is located. The Woolsey anomaly has size required for another substantial near-surface oxide deposit with significant upside potential.
In addition, drillhole composites from the 2007, 2008 and 2009 drilling campaigns will be selected for metallurgical test work on the Section Line discovery zone. Oxidized material in the drillholes covers a rectangular area measuring 1,800 metres by 1,100 metres (6,000 feet by 3,600 feet) in a series of multiple stacked zones. Rye Patch is in the process of selecting a third party to manage and complete the metallurgical test work.
The drilling and metallurgical test work will be part of an estimated US$500,000 exploration program.
Lincoln Hill Project
At Lincoln Hill, Rye Patch is completing the first ever NI43-101 resource estimate for the project. The Company has sent the geologic model and drillhole information to Scott E. Wilson Consulting who is completing the resource estimate. The Lincoln Hill resource estimate will be the Company's third Nevada gold resource property.
Following completion of the resource estimate, a drilling campaign will be designed. The drill program will have the goal of infilling and expanding the new resource. An exploration program totalling US$500,000 is planned.
Gold Ridge Project
The Gold Ridge project has several early-stage gold zones that require follow up. This early stage work will be completed during the summer with the purpose of identifying new drill targets on the property. The 100% owned Gold Ridge property covers 12 square kilometers prospective ground along the Oreana trend. The exploration work program will define drill targets. An initial targeting budget totalling US$100,000 is envisioned.
Jessup Project
The Jessup project has several targets that show potential for higher grade gold and silver associated with structural controlled breccias and breccia pipes. The targets were identified during the 2008 drill program which delineated higher grade gold and silver within breccias at the San Jacinto and North Jessup resource areas. These targets will be prioritized for a possible 2010 drill campaign. While final cost estimates are not complete, an exploration program totalling US$300,000 is planned.
Finally, the Company is reviewing and updating its proprietary Nevada acquisition list. The Company has identified several major Nevada opportunities that it intends to pursue. One or more of these trend-scale acquisitions could give Rye Patch investors the possibility to participate in a major Nevada gold opportunity.
As released on May 11, 2009 and on June 2, 2009 for the Wilco and Jessup projects respectively, Rye Patch Gold's resource inventory has 1,164,000 ounces of gold and gold equivalent in the measured and indicated category plus 2,177,315 ounces of gold and gold equivalent in the inferred category. The table summarizes Rye Patch Gold's precious metal inventory in Nevada, USA.
The Company also announces the termination of Lindsay Malcolm, as Manager Corporate Development, effective immediately.
About Rye Patch Gold
Rye Patch Gold Corp. is a Tier 1, Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold and silver projects. Rye Patch Gold is developing its primary assets - the advanced-stage Wilco, Lincoln Hill and Gold Ridge projects located along the emerging Oreana gold trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company has established gold and silver resource milestones and time frames in order to build a premier resource development company. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
William C. (Bill) Howald, CEO & President
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
(604) 638-1588
Rye Patch Gold Corp.
(604) 638-1589 (FAX)
info@ryepatchgold.com
www.ryepatchgold.com
Disclosure: RPM is a paid advertising client on Investorideas.com and our mining portals.
Visit the RPM showcase profile at Investorideas.com http://www.investorideas.com/CO/RPM/
Request News and Info on RPM
Published at Investorideas.com and http://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.
Friday, May 14, 2010
Gold Stocks; Allied Nevada (CA:ANV ) Announces Initial Drilling at Its Hasbrouck Mountain Project Returns 110 Meters Grading 1.45 g/t Gold
Gold Stocks; Allied Nevada (CA:ANV ) Announces Initial Drilling at Its Hasbrouck Mountain Project Returns 110 Meters Grading 1.45 g/t Gold
Follow-up Drilling at Hycroft Returns 10 Meters Grading 9.05 g/t AuEq Included Within 130 Meters Grading 1.73 g/t Gold Equivalent in the Vortex Zone
RENO, NEVADA, May 14, 2010 (Investorideas.com mining stocks newswire) -- Allied Nevada Gold Corp. (CA:ANV ) is pleased to announce preliminary assay results from the initial core hole of a three core hole exploration program at its Hasbrouck Mountain project, located approximately five miles south of Tonopah, Nevada. Hole HSB10-001 intersected mineralization that outcrops at surface with 110 meters grading 1.45 g/t Au(1). Included in the 110 meter intercept are higher grade intervals including 11 meters grading 2.09 g/t Au, 14 meters grading 1.69 g/t Au, 5 meters grading 5.09 g/t Au and 5 meters grading 7.12 g/t Au. Silver assays have not yet been completed for this hole. As per the NI 43-101 technical report dated August 14, 2006, silver indicated resource grades, at a cutoff grade of 0.34 g/t, average 10.97 g/t.
Two holes of the three core hole program, designed to confirm historical drilling and to explore mineralization at depth, have been completed while the third is in progress. These holes are being drilled at a large diameter to also provide samples for metallurgical testing. Historical column leach tests indicate that recoveries could be 54.1% for gold and 19.2% for silver at a crush size of 80% passing 3/8 inch and after 51 days of leaching.
The Hasbrouck Mountain project is an advanced stage exploration project where, historically, 151 holes totaling 22,433 meters have been drilled on the property by various predecessors including Cordex and Newmont. The property hosts an indicated resource of 18.4 million tonnes at an average grade of 0.79 g/t Au and 10.97 g/t Ag for 459,000 contained ounces of gold and 6.5 million contained ounces of silver, as reported in the NI 43-101 compliant technical report dated August 14, 2006, and filed on SEDAR.
Hasbrouck mineralization was deposited by an epithermal hot-spring system and is accompanied by pervasive silicification, with associated adularia and pyrite. The property is located approximately 50 miles south of the Round Mountain open pit mine, a joint venture between Kinross Gold and Barrick Gold.
Follow-up Drilling at Hycroft
Preliminary assays have been received from a hole drilled 70 meters directly west of previously released hole 10-3659 (see press release dated May 7, 2010) in the Vortex Zone at Allied Nevada's wholly owned Hycroft mine located near Winnemucca, Nevada. Hole 10-3266 intersected 130 meters of mineralization grading 0.45 g/t Au and 69 g/t Ag(1) (1.73 g/t AuEq(1)(2)) from a depth of approximately 420 meters. Included in the 130 meter intercept is an area of higher grade mineralization of 10 meters grading 1.07 g/t Au and 432 g/t Ag (9.05 g/t AuEq). Nearer surface, a high-grade intercept of 23 meters at grades of 0.43 g/t Au and 84 g/t Ag (1.99 g/t AuEq) was also encountered. As previously announced, hole 10-3659, drilled approximately 50 meters west of the Albert Fault in the northwest region of the Vortex Zone, intersected 172 meters of mineralization grading 1.1 g/t Au and 125 g/t Ag (3.4 g/t AuEq). These significant intercepts confirm that the mineralization extends westward from hole 10-3659 and that the Vortex Zone remains open to more development drilling. The intercepts also demonstrate the thickness and continuity of the Vortex Zone.
(1) g/t Au equals grams per tonne gold; g/t Ag equals grams per tonne silver; g/t AuEq equals grams per tonne gold equivalent
(2) Gold equivalent grades were calculated using a gold price of $650 and silver price of $12 for a silver to gold equivalent conversion factor of 54.1667 to 1.
The reported intercept of 130 meters includes 5 meters for which assay data has not yet been completed and, as such, a zero grade has been assigned at this time.
Vortex mineralization is associated within a rhyolite-hosted hydrothermal breccia and the silver mineralization is primarily contained within pyrargyrite. Drilling in the area has further confirmed our previously suspected feeder system to the west and at depth. High-grade silver mineralization at Vortex has now been intersected along a strike length of 975 meters and laterally 900 meters. High-grade mineralization is present at drill depths up to 600 meters, with continuous zones of mineralization up to 175 meters in length. Mineralization remains open along strike to the north and south, to the west and at depth.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934 (and the equivalent under Canadian securities laws), that are intended to be covered by the safe harbor created by such sections. Such forward-looking statements include, without limitation, statements regarding the results and indications of exploration drilling currently underway at Hasbrouck Mountain; statements regarding the results and indications of exploration drilling currently underway at Hycroft; the potential for confirming, upgrading and expanding gold and silver mineralized material at Hasbrouck; the potential for confirming, upgrading and expanding gold and silver mineralized material at Hycroft; resource estimates; estimates of gold and silver grades; and other statements that are not historical facts. Forward-looking statements address activities, events or developments that Allied Nevada expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Although Allied Nevada management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks relating to Allied Nevada's lack of operating history; risks that Allied Nevada's exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of gold and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates;; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; and availability and timing of capital for financing the Company's exploration and development activities, including the uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Allied Nevada's filings with the U.S. Securities and Exchange Commission (the "SEC") including Allied Nevada's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
Cautionary Note to U.S. Investors Regarding Estimates of Measured, Indicated and Inferred Resources
This press release and documents referred to herein use the terms "measured", "indicated" and "inferred" "resources." We advise U.S. investors that while these terms are recognized and required by Canadian regulations, the SEC does not recognize them. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimates of "inferred mineral resources" may not form the basis of a feasibility study or prefeasibility studies, except in rare cases. The SEC normally only permits issuers to report mineralization that does not constitute "reserves" as in-place tonnage and grade without reference to unit measures. The term "contained gold ounces" used in this press release is not permitted under the rules of the SEC. U.S. investors are cautioned not to assume that any part or all of a measured, indicated or inferred resource exists or is economically or legally mineable.
The technical contents of this news release have been reviewed and verified by Scott Wilson of Scott E. Wilson Mining, an independent consultant for Allied Nevada, who is a Qualified Person as defined by National Instrument 43-101. For further information regarding the quality assurance program and the quality control measures applied, please see the technical report dated May 15, 2009 and filed with SEDAR at www.sedar.com. QA/QC controls being applied to the exploration and assay verification process for Hasbrouck are similar to those applied to the Hycroft programs.
For further information on Allied Nevada, visit the Allied Nevada website at http://www.alliednevada.com/.
______________________________________________________________
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Follow-up Drilling at Hycroft Returns 10 Meters Grading 9.05 g/t AuEq Included Within 130 Meters Grading 1.73 g/t Gold Equivalent in the Vortex Zone
RENO, NEVADA, May 14, 2010 (Investorideas.com mining stocks newswire) -- Allied Nevada Gold Corp. (CA:ANV ) is pleased to announce preliminary assay results from the initial core hole of a three core hole exploration program at its Hasbrouck Mountain project, located approximately five miles south of Tonopah, Nevada. Hole HSB10-001 intersected mineralization that outcrops at surface with 110 meters grading 1.45 g/t Au(1). Included in the 110 meter intercept are higher grade intervals including 11 meters grading 2.09 g/t Au, 14 meters grading 1.69 g/t Au, 5 meters grading 5.09 g/t Au and 5 meters grading 7.12 g/t Au. Silver assays have not yet been completed for this hole. As per the NI 43-101 technical report dated August 14, 2006, silver indicated resource grades, at a cutoff grade of 0.34 g/t, average 10.97 g/t.
Two holes of the three core hole program, designed to confirm historical drilling and to explore mineralization at depth, have been completed while the third is in progress. These holes are being drilled at a large diameter to also provide samples for metallurgical testing. Historical column leach tests indicate that recoveries could be 54.1% for gold and 19.2% for silver at a crush size of 80% passing 3/8 inch and after 51 days of leaching.
The Hasbrouck Mountain project is an advanced stage exploration project where, historically, 151 holes totaling 22,433 meters have been drilled on the property by various predecessors including Cordex and Newmont. The property hosts an indicated resource of 18.4 million tonnes at an average grade of 0.79 g/t Au and 10.97 g/t Ag for 459,000 contained ounces of gold and 6.5 million contained ounces of silver, as reported in the NI 43-101 compliant technical report dated August 14, 2006, and filed on SEDAR.
Hasbrouck mineralization was deposited by an epithermal hot-spring system and is accompanied by pervasive silicification, with associated adularia and pyrite. The property is located approximately 50 miles south of the Round Mountain open pit mine, a joint venture between Kinross Gold and Barrick Gold.
Follow-up Drilling at Hycroft
Preliminary assays have been received from a hole drilled 70 meters directly west of previously released hole 10-3659 (see press release dated May 7, 2010) in the Vortex Zone at Allied Nevada's wholly owned Hycroft mine located near Winnemucca, Nevada. Hole 10-3266 intersected 130 meters of mineralization grading 0.45 g/t Au and 69 g/t Ag(1) (1.73 g/t AuEq(1)(2)) from a depth of approximately 420 meters. Included in the 130 meter intercept is an area of higher grade mineralization of 10 meters grading 1.07 g/t Au and 432 g/t Ag (9.05 g/t AuEq). Nearer surface, a high-grade intercept of 23 meters at grades of 0.43 g/t Au and 84 g/t Ag (1.99 g/t AuEq) was also encountered. As previously announced, hole 10-3659, drilled approximately 50 meters west of the Albert Fault in the northwest region of the Vortex Zone, intersected 172 meters of mineralization grading 1.1 g/t Au and 125 g/t Ag (3.4 g/t AuEq). These significant intercepts confirm that the mineralization extends westward from hole 10-3659 and that the Vortex Zone remains open to more development drilling. The intercepts also demonstrate the thickness and continuity of the Vortex Zone.
(1) g/t Au equals grams per tonne gold; g/t Ag equals grams per tonne silver; g/t AuEq equals grams per tonne gold equivalent
(2) Gold equivalent grades were calculated using a gold price of $650 and silver price of $12 for a silver to gold equivalent conversion factor of 54.1667 to 1.
The reported intercept of 130 meters includes 5 meters for which assay data has not yet been completed and, as such, a zero grade has been assigned at this time.
Vortex mineralization is associated within a rhyolite-hosted hydrothermal breccia and the silver mineralization is primarily contained within pyrargyrite. Drilling in the area has further confirmed our previously suspected feeder system to the west and at depth. High-grade silver mineralization at Vortex has now been intersected along a strike length of 975 meters and laterally 900 meters. High-grade mineralization is present at drill depths up to 600 meters, with continuous zones of mineralization up to 175 meters in length. Mineralization remains open along strike to the north and south, to the west and at depth.
Cautionary Statement Regarding Forward Looking Information
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934 (and the equivalent under Canadian securities laws), that are intended to be covered by the safe harbor created by such sections. Such forward-looking statements include, without limitation, statements regarding the results and indications of exploration drilling currently underway at Hasbrouck Mountain; statements regarding the results and indications of exploration drilling currently underway at Hycroft; the potential for confirming, upgrading and expanding gold and silver mineralized material at Hasbrouck; the potential for confirming, upgrading and expanding gold and silver mineralized material at Hycroft; resource estimates; estimates of gold and silver grades; and other statements that are not historical facts. Forward-looking statements address activities, events or developments that Allied Nevada expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Although Allied Nevada management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, among others, risks relating to Allied Nevada's lack of operating history; risks that Allied Nevada's exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of gold and silver; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates;; uncertainties relating to obtaining approvals and permits from governmental regulatory authorities; and availability and timing of capital for financing the Company's exploration and development activities, including the uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Allied Nevada's filings with the U.S. Securities and Exchange Commission (the "SEC") including Allied Nevada's latest Annual Report on Form 10-K and its other SEC filings (and Canadian filings) including, without limitation, its latest Quarterly Report on Form 10-Q. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
Cautionary Note to U.S. Investors Regarding Estimates of Measured, Indicated and Inferred Resources
This press release and documents referred to herein use the terms "measured", "indicated" and "inferred" "resources." We advise U.S. investors that while these terms are recognized and required by Canadian regulations, the SEC does not recognize them. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimates of "inferred mineral resources" may not form the basis of a feasibility study or prefeasibility studies, except in rare cases. The SEC normally only permits issuers to report mineralization that does not constitute "reserves" as in-place tonnage and grade without reference to unit measures. The term "contained gold ounces" used in this press release is not permitted under the rules of the SEC. U.S. investors are cautioned not to assume that any part or all of a measured, indicated or inferred resource exists or is economically or legally mineable.
The technical contents of this news release have been reviewed and verified by Scott Wilson of Scott E. Wilson Mining, an independent consultant for Allied Nevada, who is a Qualified Person as defined by National Instrument 43-101. For further information regarding the quality assurance program and the quality control measures applied, please see the technical report dated May 15, 2009 and filed with SEDAR at www.sedar.com. QA/QC controls being applied to the exploration and assay verification process for Hasbrouck are similar to those applied to the Hycroft programs.
For further information on Allied Nevada, visit the Allied Nevada website at http://www.alliednevada.com/.
______________________________________________________________
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Wednesday, May 12, 2010
Gold Stocks; AMI Resources Inc. (TSX.V:AMU) - PHASE II EXPLORATION PROGRAM AT SIRBA GOLD PROJECT UNDERWAY
AMI Resources Inc. (TSX.V:AMU) - PHASE II EXPLORATION PROGRAM AT SIRBA GOLD PROJECT UNDERWAY
Vancouver, B.C. – May 12, 2010 (Investorideas.com Mining stocks newswire) - AMI Resources Inc. (TSX.V: AMU) has received $348,000 from the exercise of warrants by Pinetree Resource Partnership, Pasquale DiCapo and PowerOne Capital Markets Limited and on behalf of management we extend our appreciation for their continued support. Proceeds from this funding will be used to initiate the next phase exploration program at the Sirba Gold Project in Niger, and for general working capital.
In preparation for the next drilling program as proposed in the April 2010 Reports, field investigations of trenching and drill pad preparations has already been initiated over the following identified target zones; Congo Toure, Maka, Tialkam South, Deba village, Kokolouko, Alfassi and Sefa Nangue.
The Company is earning a 51% interest in the Sirba Gold Project from Golden Star Resources Ltd. The Sirba Gold Project lies within the mineralized corridor on the Sirba Belt and borders Semafo's Samaria Hill mine to the NE and SW.
Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of NI43--101, has reviewed the scientific and technical information contained in this press release.
We seek safe harbour.
Contact:
Dustin Elford,
President
(604) 669-2901
Disclosure: AMU is a paid advertising client on Investorideas.com and our mining portals.
Visit the AMU showcase profile at Investorideas.com
http://www.investorideas.com/CO/AMU/
Request News and Info on AMU
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.
http://www.investorideas.com/About/Disclaimer.asp
________________________________________________
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Vancouver, B.C. – May 12, 2010 (Investorideas.com Mining stocks newswire) - AMI Resources Inc. (TSX.V: AMU) has received $348,000 from the exercise of warrants by Pinetree Resource Partnership, Pasquale DiCapo and PowerOne Capital Markets Limited and on behalf of management we extend our appreciation for their continued support. Proceeds from this funding will be used to initiate the next phase exploration program at the Sirba Gold Project in Niger, and for general working capital.
In preparation for the next drilling program as proposed in the April 2010 Reports, field investigations of trenching and drill pad preparations has already been initiated over the following identified target zones; Congo Toure, Maka, Tialkam South, Deba village, Kokolouko, Alfassi and Sefa Nangue.
The Company is earning a 51% interest in the Sirba Gold Project from Golden Star Resources Ltd. The Sirba Gold Project lies within the mineralized corridor on the Sirba Belt and borders Semafo's Samaria Hill mine to the NE and SW.
Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of NI43--101, has reviewed the scientific and technical information contained in this press release.
We seek safe harbour.
Contact:
Dustin Elford,
President
(604) 669-2901
Disclosure: AMU is a paid advertising client on Investorideas.com and our mining portals.
Visit the AMU showcase profile at Investorideas.com
http://www.investorideas.com/CO/AMU/
Request News and Info on AMU
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.
http://www.investorideas.com/About/Disclaimer.asp
________________________________________________
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Gold Stocks; Eldorado Gold (TSX: ELD NYSE: EGO ASX: EAU ) Announces Friendly Transaction With Brazauro Resources Corporation (TSX-V: BZO) By Plan Of Arrangement
Gold Stocks; Eldorado Gold (TSX: ELD NYSE: EGO ASX: EAU ) Announces Friendly Transaction With Brazauro Resources Corporation (TSX-V: BZO) By Plan Of Arrangement
May 12, 2010- VANCOUVER, BC - ( http://www.investorideas.com/ mining stocks newswire) Eldorado Gold Corporation announced today an agreement whereby Eldorado will acquire, through a court approved plan of arrangement under the laws of British Columbia (the“Arrangement”), all of the outstanding common shares (the “Brazauro Shares”) of Brazauro Resources Corporation (TSX-V: BZO) for total consideration consisting of common shares of Eldorado (the“Eldorado shares”) having a value of approximately C$122.4 million (including the value of NewBrazauro).
Under the Arrangement, each Brazauro Share will be exchanged for 0.0675 Eldorado shares, which
together with the contemplated spin out of New Brazauro would value Brazauro at C$1.33 per share,
representing a premium of 92% to the closing price of Brazauro shares on the TSX Venture Exchange
(the “TSX-V”), as at May 11, 2010. In addition, as part of the transaction, Eldorado has agreed to fund
with C$10 million a new exploration company (“New Brazauro”) that will contain certain exploration
properties currently owned by Brazauro. Each shareholder of Brazauro, other than Eldorado, will receive
one share of New Brazauro in addition to 0.0675 Eldorado shares for each Brazauro Share.
The principal asset of Brazauro, the Tocantinzinho Project in Tapajós, Brazil, is a late stage exploration
project with a current Measured and Indicated Resource of 1.9 million ounces of gold. In addition,
Eldorado will also acquire two exploration projects, Água Branca and Piranhas, which are located in closeproximity to the Tocantinzinho Project.
“We are extremely pleased to have achieved a consensual transaction with Brazauro. Unified project
ownership represents the best chance for development of profitable and responsible mining operations at
Tocantinzinho and our intention is to continue with an intensive exploration program with the objective to establish a basis for successful mining operations,” said Paul Wright, President and CEO of Eldorado.
The number of Eldorado shares and warrants to be issued pursuant to the transaction will be
approximately 6.1 million, assuming all existing in the money options and warrants of Brazauro are exercised into Brazauro shares in advance of the transaction closing. The transaction is expected to close
by July 15, 2010 and is subject to customary Court and regulatory approvals.
The Arrangement has been approved by the boards of directors of Eldorado and Brazauro and will be
subject to, among other things, approval by holders of 66 2/3% of the Brazauro common shares, options
and warrants voting as a single class and approval by a majority of Brazauro common shareholders, other
than Eldorado, at a special meeting of Brazauro security holders called to approve the transaction.
Officers and directors of Brazauro, representing approximately 8.9% of Brazauro’s outstanding shares,
options and warrants have entered into lock-up and support arrangements with Eldorado under which they
have agreed to vote in favour of the transaction. Eldorado owns 14,326,000 of Brazauro’s common
shares and 4,916,000 warrants representing approximately 17.2% of Brazauro on a fully diluted basis.
In the event that the transaction is not completed, Brazauro has agreed to pay Eldorado a termination fee
equal to C$4.8 million, under certain circumstances. Brazauro has also provided Eldorado with certain
other customary rights, including a right to match competing offers. Brazauro has received a fairness
opinion in respect of the transaction from BMO Capital Markets Inc.
Mark Jones III, Chairman and Chief Executive Officer of Brazauro commented, “I am delighted with
today’s transaction and very happy to place the future of the Tocantinzinho Project in the hands of a firstclass
operator like Eldorado. Our shareholders have realized significant and immediate value for the
Tocantinzinho Project and will continue to be exposed to its ongoing development through their
ownership in Eldorado and to several quality exploration projects through their ownership in New
Brazauro.”
For Brazauro shareholders, the Arrangement represents:
.. a substantial premium of C$1.33 per Brazauro Share (including the value of New Brazauro). The
Arrangement represents a premium of 92% based on the closing prices of both companies' shares on
the TSX and TSX-V on May 11, 2010;
.. significantly enhanced liquidity for Brazauro's shareholders in the form of Eldorado shares;
.. participation in a high quality, high growth gold producer with low cost operating assets and a
significant market presence and market analyst endorsement;
.. elimination of existing “single project” risk through exposure to Eldorado's portfolio of high quality
producing mines and near-term development projects;
.. an opportunity to enhance and accelerate development of the Tocantinzinho gold project through a
dedicated Eldorado team with a proven track record of successfully discovering, permitting,
developing and operating mines;
.. the availability of financial and technical resources to manage the Tocantinzinho gold project through
the challenges associated with mine development, construction and operations;
.. increased financial strength, immediate cash flow from current gold production and improved access
to capital; and
.. as Eldorado is the current operator and has aided in development to date, the Arrangement provides
the opportunity for operational and administrative continuity at the Tocantinzinho gold project.
Eldorado's financial advisor is GMP Securities L.P.; its legal advisor is Fasken Martineau DuMoulin LLP
in Canada and Dorsey & Whitney LLP in the United States.
Eldorado is a gold producing, exploration and development company actively growing businesses in
Brazil, China, Greece and Turkey. With our international expertise in mining, finance and project
development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned
to grow in value as we create and pursue new opportunities.
ON BEHALF OF
ELDORADO GOLD CORPORATION
“Paul N. Wright”
Paul N. Wright
President & Chief Executive Officer
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS
Certain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often,but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information herein include, but are not limited, to statements or information with respect to the terms and the timing of the acquisition for Brazauro Shares and Eldorado’s assessment of the effect of the acquisition on Eldorado and on the shareholder’s of Brazauro, the timing and prospects for shareholder approval of the Arrangement and the implementation thereof and the ability of Eldorado to advance development of the Tocantinzinho project.
Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including assumptions about the price of gold; anticipated costs and expenditures; estimated production, mineral reserves and metallurgical recoveries; the impact of the integration of acquired businesses on our operation, financial position, reserves and resources and gold production; and the ability to achieve our goals. Although our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking
statements or information will prove to be accurate. Furthermore, should one or more of the risks, certainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: the Arrangement will be subject to certain conditions; gold price volatility; risks of not meeting production and cost targets; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment and operating in foreign countries; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution;share price volatility; the risk that the integration of acquired businesses taking longer than expected, the anticipated benefits of the integration may be less than estimated and the costs of acquisition higher than anticipated; ability to complete acquisitions; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the sections entitled “Cautionary Note AboutForward-Looking Statements and Information” and “Risk Factors” in the Company's Annual Information Form & Form 40-F dated March 31, 2010.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.
Cautionary Note Regarding Mineral Reserves and Mineral Resources
The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” used in this document are Canadian mining terms as defined in accordance with National Instrument 43-101 – Standards of Disclosure for mineral Projects (“NI 43-101”) under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be amended from time to time by the CIM (“CIM Standards”). There can be no assurancethat those portions of such mineral resources that are not mineral reserves will ultimately be converted into mineral reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
For a detailed discussion of resource and reserve estimates and related matters see the Company’s reports,
including the Annual Information Form and Form 40-F dated March 31, 2010 filed under the Company’s name at ww.sedar.com.
Cautionary Note to US Investors Concerning Estimates of Measured, Indicated and Inferred Resources
Note to U.S. Investors. The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource”,“inferred mineral resource” used herein are Canadian mining terms used in accordance with NI 43-101. These definitions differ from the definitions in the United States Securities & Exchange Commission (“SEC”) Guide 7. In the United States, a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve determination is made.
While the terms “mineral resource”, “measured mineral resource,” “indicated mineral resource”, and “inferred mineral resource” are recognized and required by Canadian regulations, they are not defined terms under standards in the
United States and normally are not permitted to be used in reports and registration statements filed with the SEC. As
such, information contained in this report concerning descriptions of mineralization and resources under Canadian
standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to “indicated mineral resource” and “inferred mineral resource” there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It can not be assumed that all or any part of an “indicated mineral resource” or “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.Eldorado Gold shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO). Eldorado’s CDIs trade on the Australian Securities Exchange (ASX:EAU).
The TSX has neither approved nor disapproved the form or content of this release.
None of the securities anticipated to be issued pursuant to the Arrangement have been or will be
registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any
state securities laws, and are anticipated to be issued in reliance upon available exemptions from such
registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable
exemptions under state securities laws. This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities.
_________________________________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
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May 12, 2010- VANCOUVER, BC - ( http://www.investorideas.com/ mining stocks newswire) Eldorado Gold Corporation announced today an agreement whereby Eldorado will acquire, through a court approved plan of arrangement under the laws of British Columbia (the“Arrangement”), all of the outstanding common shares (the “Brazauro Shares”) of Brazauro Resources Corporation (TSX-V: BZO) for total consideration consisting of common shares of Eldorado (the“Eldorado shares”) having a value of approximately C$122.4 million (including the value of NewBrazauro).
Under the Arrangement, each Brazauro Share will be exchanged for 0.0675 Eldorado shares, which
together with the contemplated spin out of New Brazauro would value Brazauro at C$1.33 per share,
representing a premium of 92% to the closing price of Brazauro shares on the TSX Venture Exchange
(the “TSX-V”), as at May 11, 2010. In addition, as part of the transaction, Eldorado has agreed to fund
with C$10 million a new exploration company (“New Brazauro”) that will contain certain exploration
properties currently owned by Brazauro. Each shareholder of Brazauro, other than Eldorado, will receive
one share of New Brazauro in addition to 0.0675 Eldorado shares for each Brazauro Share.
The principal asset of Brazauro, the Tocantinzinho Project in Tapajós, Brazil, is a late stage exploration
project with a current Measured and Indicated Resource of 1.9 million ounces of gold. In addition,
Eldorado will also acquire two exploration projects, Água Branca and Piranhas, which are located in closeproximity to the Tocantinzinho Project.
“We are extremely pleased to have achieved a consensual transaction with Brazauro. Unified project
ownership represents the best chance for development of profitable and responsible mining operations at
Tocantinzinho and our intention is to continue with an intensive exploration program with the objective to establish a basis for successful mining operations,” said Paul Wright, President and CEO of Eldorado.
The number of Eldorado shares and warrants to be issued pursuant to the transaction will be
approximately 6.1 million, assuming all existing in the money options and warrants of Brazauro are exercised into Brazauro shares in advance of the transaction closing. The transaction is expected to close
by July 15, 2010 and is subject to customary Court and regulatory approvals.
The Arrangement has been approved by the boards of directors of Eldorado and Brazauro and will be
subject to, among other things, approval by holders of 66 2/3% of the Brazauro common shares, options
and warrants voting as a single class and approval by a majority of Brazauro common shareholders, other
than Eldorado, at a special meeting of Brazauro security holders called to approve the transaction.
Officers and directors of Brazauro, representing approximately 8.9% of Brazauro’s outstanding shares,
options and warrants have entered into lock-up and support arrangements with Eldorado under which they
have agreed to vote in favour of the transaction. Eldorado owns 14,326,000 of Brazauro’s common
shares and 4,916,000 warrants representing approximately 17.2% of Brazauro on a fully diluted basis.
In the event that the transaction is not completed, Brazauro has agreed to pay Eldorado a termination fee
equal to C$4.8 million, under certain circumstances. Brazauro has also provided Eldorado with certain
other customary rights, including a right to match competing offers. Brazauro has received a fairness
opinion in respect of the transaction from BMO Capital Markets Inc.
Mark Jones III, Chairman and Chief Executive Officer of Brazauro commented, “I am delighted with
today’s transaction and very happy to place the future of the Tocantinzinho Project in the hands of a firstclass
operator like Eldorado. Our shareholders have realized significant and immediate value for the
Tocantinzinho Project and will continue to be exposed to its ongoing development through their
ownership in Eldorado and to several quality exploration projects through their ownership in New
Brazauro.”
For Brazauro shareholders, the Arrangement represents:
.. a substantial premium of C$1.33 per Brazauro Share (including the value of New Brazauro). The
Arrangement represents a premium of 92% based on the closing prices of both companies' shares on
the TSX and TSX-V on May 11, 2010;
.. significantly enhanced liquidity for Brazauro's shareholders in the form of Eldorado shares;
.. participation in a high quality, high growth gold producer with low cost operating assets and a
significant market presence and market analyst endorsement;
.. elimination of existing “single project” risk through exposure to Eldorado's portfolio of high quality
producing mines and near-term development projects;
.. an opportunity to enhance and accelerate development of the Tocantinzinho gold project through a
dedicated Eldorado team with a proven track record of successfully discovering, permitting,
developing and operating mines;
.. the availability of financial and technical resources to manage the Tocantinzinho gold project through
the challenges associated with mine development, construction and operations;
.. increased financial strength, immediate cash flow from current gold production and improved access
to capital; and
.. as Eldorado is the current operator and has aided in development to date, the Arrangement provides
the opportunity for operational and administrative continuity at the Tocantinzinho gold project.
Eldorado's financial advisor is GMP Securities L.P.; its legal advisor is Fasken Martineau DuMoulin LLP
in Canada and Dorsey & Whitney LLP in the United States.
Eldorado is a gold producing, exploration and development company actively growing businesses in
Brazil, China, Greece and Turkey. With our international expertise in mining, finance and project
development, together with highly skilled and dedicated staff, we believe that Eldorado is well positioned
to grow in value as we create and pursue new opportunities.
ON BEHALF OF
ELDORADO GOLD CORPORATION
“Paul N. Wright”
Paul N. Wright
President & Chief Executive Officer
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS
Certain of the statements made herein may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often,but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information herein include, but are not limited, to statements or information with respect to the terms and the timing of the acquisition for Brazauro Shares and Eldorado’s assessment of the effect of the acquisition on Eldorado and on the shareholder’s of Brazauro, the timing and prospects for shareholder approval of the Arrangement and the implementation thereof and the ability of Eldorado to advance development of the Tocantinzinho project.
Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including assumptions about the price of gold; anticipated costs and expenditures; estimated production, mineral reserves and metallurgical recoveries; the impact of the integration of acquired businesses on our operation, financial position, reserves and resources and gold production; and the ability to achieve our goals. Although our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking
statements or information will prove to be accurate. Furthermore, should one or more of the risks, certainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the following: the Arrangement will be subject to certain conditions; gold price volatility; risks of not meeting production and cost targets; discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries; mining operational and development risk; litigation risks; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment and operating in foreign countries; currency fluctuations; speculative nature of gold exploration; global economic climate; dilution;share price volatility; the risk that the integration of acquired businesses taking longer than expected, the anticipated benefits of the integration may be less than estimated and the costs of acquisition higher than anticipated; ability to complete acquisitions; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property, as well as those factors discussed in the sections entitled “Cautionary Note AboutForward-Looking Statements and Information” and “Risk Factors” in the Company's Annual Information Form & Form 40-F dated March 31, 2010.
There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada and the U.S.
Cautionary Note Regarding Mineral Reserves and Mineral Resources
The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” used in this document are Canadian mining terms as defined in accordance with National Instrument 43-101 – Standards of Disclosure for mineral Projects (“NI 43-101”) under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be amended from time to time by the CIM (“CIM Standards”). There can be no assurancethat those portions of such mineral resources that are not mineral reserves will ultimately be converted into mineral reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
For a detailed discussion of resource and reserve estimates and related matters see the Company’s reports,
including the Annual Information Form and Form 40-F dated March 31, 2010 filed under the Company’s name at ww.sedar.com.
Cautionary Note to US Investors Concerning Estimates of Measured, Indicated and Inferred Resources
Note to U.S. Investors. The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource”,“inferred mineral resource” used herein are Canadian mining terms used in accordance with NI 43-101. These definitions differ from the definitions in the United States Securities & Exchange Commission (“SEC”) Guide 7. In the United States, a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve determination is made.
While the terms “mineral resource”, “measured mineral resource,” “indicated mineral resource”, and “inferred mineral resource” are recognized and required by Canadian regulations, they are not defined terms under standards in the
United States and normally are not permitted to be used in reports and registration statements filed with the SEC. As
such, information contained in this report concerning descriptions of mineralization and resources under Canadian
standards may not be comparable to similar information made public by U.S companies in SEC filings. With respect to “indicated mineral resource” and “inferred mineral resource” there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It can not be assumed that all or any part of an “indicated mineral resource” or “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.Eldorado Gold shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO). Eldorado’s CDIs trade on the Australian Securities Exchange (ASX:EAU).
The TSX has neither approved nor disapproved the form or content of this release.
None of the securities anticipated to be issued pursuant to the Arrangement have been or will be
registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any
state securities laws, and are anticipated to be issued in reliance upon available exemptions from such
registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable
exemptions under state securities laws. This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities.
_________________________________________________________________________
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Gold Stocks; Lake Shore Gold (TSX:LSG) Announces Changes to Board of Directors
Gold Stocks; Lake Shore Gold (TSX:LSG) Announces Changes to Board of Directors
TORONTO, ONTARIO--- May 12, 2010 ( Investorideas.com mining stocks newswire ) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or "the Company") today announced changes to the Company's Board of Directors. Joining the Board is Gianflavio Carozzi, Corporate Treasurer of Hochschild Mining Plc. Departures from the Board include Sethu Raman, Michael Winn, Wayne O'Connor, who did not stand for re-election at the Company's recent annual meeting, and Ignacio Rosado, who has left the Board following his resignation as Chief Financial Officer of Hochschild.
Mr. Carozzi joined Hochschild in 2007 and has been Corporate Treasurer since that time. Before joining Hochschild, Mr. Carozzi served as Manager of Global FX and Commodities at General Motors' Treasurer's Office in New York from 2003 to 2007, performed a number of finance-related roles at Nextel Peru between 2000 and 2001 and, prior to that, worked for Telefonica del Peru from 1998 to 2000. Gianflavio holds an MBA and BSc. in Economics.
Sethu Raman joined Lake Shore Gold's Board on December 31, 2004 following the acquisition by the Company of all outstanding shares of Holmer Gold Mines Limited through a plan of arrangement. From 1986 to 2004, Dr. Raman was President and CEO of Holmer where he played a leading role in the initial discovery of the Timmins gold deposit and the recognition of the potential of the Timmins West gold trend.
Michael Winn joined Lake Shore Gold's Board at the time of the Company's reverse take-over transaction with Aurora Platinum Corp. in 2002 and has made a valuable contribution to developing corporate strategy and helping the Company grow its business. He is President of Terrasearch Inc., a consulting company that provides analysis on mining and energy companies, has worked in the oil and gas industry since 1992, and participates on a number of boards in the mining and oil and gas sectors.
Wayne O'Connor joined Lake Shore Gold´s Board in November 2009 following completion of the Company´s acquisition of West Timmins Mining Inc., where he served as Chairman. Mr. O'Connor was instrumental in assembling the extensive land package on the west side of Timmins that ultimately was held by West Timmins and is currently wholly-owned by Lake Shore Gold, including the Thorne, 144 and Thunder Creek properties.
Ignacio Rosado joined Lake Shore Gold's Board in February 2008 following Hochschild's initial investment in the Company. Mr. Rosado played an important role in Hochschild's decision to establish and grow its investment in Lake Shore Gold.
Alan Moon, Chairman of Lake Shore Gold, commented: "We are very pleased to welcome Gianflavio to the Board and look forward to working with him as Lake Shore Gold moves forward. We would also like to recognize those leaving the Board. Sethu Raman committed much of his career to establishing and pursuing the potential of the Timmins Mine property and we will forever be grateful for his perseverance and commitment. Michael Winn has been with the Company since its beginning and Lake Shore Gold has benefited greatly from his leadership, advice and counsel. Like Sethu, Wayne O'Connor is a veteran of the Timmins Camp and his work has helped us to establish the very attractive land position we have today. Finally, Ignacio Rosado has been a valued director as we have grown our very productive relationship with Hochschild. These directors have made a significant contribution to the success and growth of Lake Shore Gold. They have served shareholders well and we wish to thank them for all of their efforts."
About Lake Shore Gold
Lake Shore Gold is a rapidly growing mining company with a goal to become a North American mid-tier gold producer through the successful exploration, development and operation of three wholly owned mines in Timmins, Ontario: Timmins Mine, Thunder Creek and Bell Creek Complex. The Company is currently carrying out an underground advanced exploration program at the Timmins Mine project, where it has both a shaft and a ramp, and is drifting from Timmins Mine to the adjacent Thunder Creek property. Progress is also being made with an underground advanced exploration program at its Bell Creek Complex, located on the east side of Timmins, which is moving forward to become the Company's second mining operation in the Timmins Camp. The Bell Creek Mill has been refurbished to a capacity of 1,500 tonnes per day with plans in place to expand the Mill incrementally to 3,000 tonnes per day. The Company continues to invest aggressively in exploration primarily in Timmins and in select other areas of Northern Ontario and Quebec, and owns a large land position in Mexico. The Company's common shares trade on the TSX under the symbol LSG.
Forward-looking Statements
Certain statements in this press release relating to the Company's development projects, exploration properties, project expenditures, business plans, capital position and financial performance are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties will not be less than identified mineral reserves.
The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Lake Shore Gold's most recent Annual Information Form and other regulatory filings which are posted on sedar at www.sedar.com.
______________________________________________________________
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TORONTO, ONTARIO--- May 12, 2010 ( Investorideas.com mining stocks newswire ) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or "the Company") today announced changes to the Company's Board of Directors. Joining the Board is Gianflavio Carozzi, Corporate Treasurer of Hochschild Mining Plc. Departures from the Board include Sethu Raman, Michael Winn, Wayne O'Connor, who did not stand for re-election at the Company's recent annual meeting, and Ignacio Rosado, who has left the Board following his resignation as Chief Financial Officer of Hochschild.
Mr. Carozzi joined Hochschild in 2007 and has been Corporate Treasurer since that time. Before joining Hochschild, Mr. Carozzi served as Manager of Global FX and Commodities at General Motors' Treasurer's Office in New York from 2003 to 2007, performed a number of finance-related roles at Nextel Peru between 2000 and 2001 and, prior to that, worked for Telefonica del Peru from 1998 to 2000. Gianflavio holds an MBA and BSc. in Economics.
Sethu Raman joined Lake Shore Gold's Board on December 31, 2004 following the acquisition by the Company of all outstanding shares of Holmer Gold Mines Limited through a plan of arrangement. From 1986 to 2004, Dr. Raman was President and CEO of Holmer where he played a leading role in the initial discovery of the Timmins gold deposit and the recognition of the potential of the Timmins West gold trend.
Michael Winn joined Lake Shore Gold's Board at the time of the Company's reverse take-over transaction with Aurora Platinum Corp. in 2002 and has made a valuable contribution to developing corporate strategy and helping the Company grow its business. He is President of Terrasearch Inc., a consulting company that provides analysis on mining and energy companies, has worked in the oil and gas industry since 1992, and participates on a number of boards in the mining and oil and gas sectors.
Wayne O'Connor joined Lake Shore Gold´s Board in November 2009 following completion of the Company´s acquisition of West Timmins Mining Inc., where he served as Chairman. Mr. O'Connor was instrumental in assembling the extensive land package on the west side of Timmins that ultimately was held by West Timmins and is currently wholly-owned by Lake Shore Gold, including the Thorne, 144 and Thunder Creek properties.
Ignacio Rosado joined Lake Shore Gold's Board in February 2008 following Hochschild's initial investment in the Company. Mr. Rosado played an important role in Hochschild's decision to establish and grow its investment in Lake Shore Gold.
Alan Moon, Chairman of Lake Shore Gold, commented: "We are very pleased to welcome Gianflavio to the Board and look forward to working with him as Lake Shore Gold moves forward. We would also like to recognize those leaving the Board. Sethu Raman committed much of his career to establishing and pursuing the potential of the Timmins Mine property and we will forever be grateful for his perseverance and commitment. Michael Winn has been with the Company since its beginning and Lake Shore Gold has benefited greatly from his leadership, advice and counsel. Like Sethu, Wayne O'Connor is a veteran of the Timmins Camp and his work has helped us to establish the very attractive land position we have today. Finally, Ignacio Rosado has been a valued director as we have grown our very productive relationship with Hochschild. These directors have made a significant contribution to the success and growth of Lake Shore Gold. They have served shareholders well and we wish to thank them for all of their efforts."
About Lake Shore Gold
Lake Shore Gold is a rapidly growing mining company with a goal to become a North American mid-tier gold producer through the successful exploration, development and operation of three wholly owned mines in Timmins, Ontario: Timmins Mine, Thunder Creek and Bell Creek Complex. The Company is currently carrying out an underground advanced exploration program at the Timmins Mine project, where it has both a shaft and a ramp, and is drifting from Timmins Mine to the adjacent Thunder Creek property. Progress is also being made with an underground advanced exploration program at its Bell Creek Complex, located on the east side of Timmins, which is moving forward to become the Company's second mining operation in the Timmins Camp. The Bell Creek Mill has been refurbished to a capacity of 1,500 tonnes per day with plans in place to expand the Mill incrementally to 3,000 tonnes per day. The Company continues to invest aggressively in exploration primarily in Timmins and in select other areas of Northern Ontario and Quebec, and owns a large land position in Mexico. The Company's common shares trade on the TSX under the symbol LSG.
Forward-looking Statements
Certain statements in this press release relating to the Company's development projects, exploration properties, project expenditures, business plans, capital position and financial performance are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties will not be less than identified mineral reserves.
The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Lake Shore Gold's most recent Annual Information Form and other regulatory filings which are posted on sedar at www.sedar.com.
______________________________________________________________
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Tuesday, May 11, 2010
Gold Stocks Sector Close-Up May 11th ; Gold Stocks Shine for Investors
Gold Stocks Sector Close-Up May 11th ; Gold Stocks Shine for Investors
May 6, 2010, www.InvestorIdeas.com, and its mining stocks portals update investors following gold and mining stocks with a sector close-up for gold stocks for May 11th 2010 . Gold prices and gold stocks moved higher as investors turn to gold in times of uncertainty.
Gold/Mining Stocks Sector Close – Up; Trading May 11, 2010
AGNICO EAGLE MINES (NYSE: AEM) trading at $66.09 USD, up $ 2..94 (4.66%)
ANGLOGOLD ASHANTI LT (NYSE: AU) trading at $ 42.99 USD, up $1.18 (2.82%)
BARRICK GOLD CP (NYSE: ABX) trading at $ 45.84 USD, up $1.93 (4.40%)
ELDORADO GOLD CORP (AMEX: EGO) trading up at $ 17.52 USD, up $ 1.34 (8.28%)
GOLDCORP INC (NYSE: GG) trading up at $ 46.30 USD, up $ 2.82 (6.49%)
KINROSS GOLD CP (NYSE: KGC) trading at $18.78 USD, up $ 1.41 (8.12%)
NEW GOLD INC (AMEX: NGD) trading at $ 6.05 USD, up $ 0.24 (4.13%)
NEWMONT MINING CP (NYSE: NEM) trading at $ 58.45 USD, up$ 2..96 (5.33%)
About our Mining Portals and Showcase Mining Stocks :
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Showcase mining stocks are featured and profiled on the Invetorideas.com home page and the home page of the mining portals with links to the company profiles for each company and to request info:
AMI Resources Inc.(TSX.V:AMU),Gold Bullion Development Corp.(TSX-V: GBB),Rye Patch Gold Corp.(OTC:RPMGF; TSX.V:RPM),Soltera Mining Corp.(OTC:SLTA.PK; FRANKFURT:SN7), Tao Minerals Ltd.(OTC.BB:TAON) Tombstone Exploration Corporation (OTC.BB:TMBXF) and Yale Resources Ltd.(TSX-V: YLL)
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News and commentary from well known industry experts including Kitco and Doug Casey are featured in addition to news releases and press releases from publicly traded mining companies on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
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Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies, news submissions and online advertising.
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investorideas.com or cvanzant@investorideas.com
May 6, 2010, www.InvestorIdeas.com, and its mining stocks portals update investors following gold and mining stocks with a sector close-up for gold stocks for May 11th 2010 . Gold prices and gold stocks moved higher as investors turn to gold in times of uncertainty.
Gold/Mining Stocks Sector Close – Up; Trading May 11, 2010
AGNICO EAGLE MINES (NYSE: AEM) trading at $66.09 USD, up $ 2..94 (4.66%)
ANGLOGOLD ASHANTI LT (NYSE: AU) trading at $ 42.99 USD, up $1.18 (2.82%)
BARRICK GOLD CP (NYSE: ABX) trading at $ 45.84 USD, up $1.93 (4.40%)
ELDORADO GOLD CORP (AMEX: EGO) trading up at $ 17.52 USD, up $ 1.34 (8.28%)
GOLDCORP INC (NYSE: GG) trading up at $ 46.30 USD, up $ 2.82 (6.49%)
KINROSS GOLD CP (NYSE: KGC) trading at $18.78 USD, up $ 1.41 (8.12%)
NEW GOLD INC (AMEX: NGD) trading at $ 6.05 USD, up $ 0.24 (4.13%)
NEWMONT MINING CP (NYSE: NEM) trading at $ 58.45 USD, up$ 2..96 (5.33%)
About our Mining Portals and Showcase Mining Stocks :
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.
Showcase mining stocks are featured and profiled on the Invetorideas.com home page and the home page of the mining portals with links to the company profiles for each company and to request info:
AMI Resources Inc.(TSX.V:AMU),Gold Bullion Development Corp.(TSX-V: GBB),Rye Patch Gold Corp.(OTC:RPMGF; TSX.V:RPM),Soltera Mining Corp.(OTC:SLTA.PK; FRANKFURT:SN7), Tao Minerals Ltd.(OTC.BB:TAON) Tombstone Exploration Corporation (OTC.BB:TMBXF) and Yale Resources Ltd.(TSX-V: YLL)
• See disclaimer and disclosure below regarding advertising showcase companies.
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http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
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. Mining Stocks Directory:
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Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies, news submissions and online advertising.
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Monday, May 10, 2010
Mining Stocks News; Tao Minerals Ltd. (OTCBB: TAON) Retains Highly Respected Colombian Legal Firm
Tao Minerals Ltd. (OTCBB: TAON) Retains Highly Respected Colombian Legal Firm
MEDELLIN, COLOMBIA - May 10, 2010 (Investorideas.com Mining stocks Newswire) - Tao Minerals Ltd. (Tao) (OTC.BB:TAON) is pleased to announce that it has retained the highly respected Colombian legal firm of Gutierrez Marquez Asesores S.A. to represent Tao in all aspects of applicable Colombian law pertaining to Tao's operations in Colombia. Headquartered in Medellin, Gutierrez Marquez Asesores S.A was established in August 1977 with the purpose of providing consulting services specializing in accounting, tax, audit, tax inspection and legal assistance in employment areas, commercial and social security. James Sikora Tao President and CEO said, "We are confident in the integrity of the legal and regulatory system in Colombia and want to assure our investors and shareholders that Tao will be well represented by Gutierrez Marquez Asesores S.A. in our continuing quest to acquire, explore, develop and commercialize our present gold properties and any new property acquisitions in Colombia."
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation that the proposed joint ventures will be completed, and the expectation that the security situation at El Colmillo will be resolved and that mine production will go ahead as planned at the El Colmillo Gold Mine. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include among others, the inherent uncertainties associated with mineral exploration and mine development. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2009 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
James Sikora, President & CEO
Tao Minerals Ltd.
Medellin, Colombia
Contacts:
Tao Minerals Ltd.
James Sikora
President & CEO
1-877-331-8777
www.taominerals.com
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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.
_____________________________________________________
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MEDELLIN, COLOMBIA - May 10, 2010 (Investorideas.com Mining stocks Newswire) - Tao Minerals Ltd. (Tao) (OTC.BB:TAON) is pleased to announce that it has retained the highly respected Colombian legal firm of Gutierrez Marquez Asesores S.A. to represent Tao in all aspects of applicable Colombian law pertaining to Tao's operations in Colombia. Headquartered in Medellin, Gutierrez Marquez Asesores S.A was established in August 1977 with the purpose of providing consulting services specializing in accounting, tax, audit, tax inspection and legal assistance in employment areas, commercial and social security. James Sikora Tao President and CEO said, "We are confident in the integrity of the legal and regulatory system in Colombia and want to assure our investors and shareholders that Tao will be well represented by Gutierrez Marquez Asesores S.A. in our continuing quest to acquire, explore, develop and commercialize our present gold properties and any new property acquisitions in Colombia."
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation that the proposed joint ventures will be completed, and the expectation that the security situation at El Colmillo will be resolved and that mine production will go ahead as planned at the El Colmillo Gold Mine. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include among others, the inherent uncertainties associated with mineral exploration and mine development. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2009 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
James Sikora, President & CEO
Tao Minerals Ltd.
Medellin, Colombia
Contacts:
Tao Minerals Ltd.
James Sikora
President & CEO
1-877-331-8777
www.taominerals.com
Disclosure: TAON is a paid advertising client on Investorideas.com and our mining portals.
Visit the TAON showcase profile at Investorideas.com
http://www.investorideas.com/CO/TAON/
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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.
_____________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Gold Stocks Update; Video of Soltera Mining’s (OTCPK: SLTA ) Gold Processing Operation in Argentina
Gold Stocks Update; Video of Soltera Mining’s (OTCPK: SLTA ) Gold Processing Operation in Argentina
Point Roberts, WA – May 10, 2010 - www.InvestorIdeas.com and its leading mining investor portals release a video of showcase gold stock, Soltera Mining Corp. (OTCPK: SLTA.) FRANKFURT: SN7), for gold investors.
Investors can watch the video of Soltera Mining’s gold processing operation during initial tests held last week in Argentina: http://bit.ly/aUh1J6
More info about 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 : 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
For disclosure purposes, Soltera is a showcase mining stock on Investorideas.com and compensates the company accordingly. See below)
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:
http://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
Investor Protection and Regulation for Pinks sheets:
http://www.pinksheets.com/otcguide/investors_protection.jsp
Contact Soltera Mining Corp.
Fabio Montanari
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
Follow Investorideas.com On Twitter.com
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__________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog: Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Point Roberts, WA – May 10, 2010 - www.InvestorIdeas.com and its leading mining investor portals release a video of showcase gold stock, Soltera Mining Corp. (OTCPK: SLTA.) FRANKFURT: SN7), for gold investors.
Investors can watch the video of Soltera Mining’s gold processing operation during initial tests held last week in Argentina: http://bit.ly/aUh1J6
More info about 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 : 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
For disclosure purposes, Soltera is a showcase mining stock on Investorideas.com and compensates the company accordingly. See below)
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:
http://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
Investor Protection and Regulation for Pinks sheets:
http://www.pinksheets.com/otcguide/investors_protection.jsp
Contact Soltera Mining Corp.
Fabio Montanari
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
Follow Investorideas.com On Twitter.com
http://twitter.com/Investorideas
__________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog: Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Friday, May 07, 2010
How to Research and Trade Gold Stocks and Mining Stocks
How to Research and Trade Gold Stocks and Mining Stocks
Investors can Research over 1100 Listed Gold and Mining Stocks with Global Directory
May 7, 2010, ( Investorideas.com mining stocks newswire) Investor Ideas reports one of the hottest selling investor tools is the mining stocks directory listing over 1100 publicly traded mining and gold companies, as gold prices rises and investors turn to gold for safety.
Investors following mining stocks can access the directory in a PDF format with hyperlinks to stocks symbol and trading info, company’s website URL and the mining company’s description. The mining stocks directory page is also available in login format and updated monthly as part of Investor Ideas premium content, along with ten other stock directories, including energy stocks, water stocks and renewable energy stocks.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring listings of 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
Additional mining and gold stocks research tools for investors at Investorideas.com include the syndicated Mining Stocks Newswire that features news and commentary from well known industry experts including Kitco.com, Jay Taylor and Doug Casey in addition to news releases from publicly traded mining companies .
Investors subscribe to the Investorideas.com Mining Stocks Newswire http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
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. Mining stocks and industry experts are invited to submit news, articles and research.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
Mining companies can also gain ongoing additional exposure to targeted investors searching for mining stocks by participating in one of the many investor awareness and showcase company programs at Investorideas.com.
Mining companies visit: Mining Stocks Investor Awareness Programs
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
Investors can Research over 1100 Listed Gold and Mining Stocks with Global Directory
May 7, 2010, ( Investorideas.com mining stocks newswire) Investor Ideas reports one of the hottest selling investor tools is the mining stocks directory listing over 1100 publicly traded mining and gold companies, as gold prices rises and investors turn to gold for safety.
Investors following mining stocks can access the directory in a PDF format with hyperlinks to stocks symbol and trading info, company’s website URL and the mining company’s description. The mining stocks directory page is also available in login format and updated monthly as part of Investor Ideas premium content, along with ten other stock directories, including energy stocks, water stocks and renewable energy stocks.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring listings of 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
Additional mining and gold stocks research tools for investors at Investorideas.com include the syndicated Mining Stocks Newswire that features news and commentary from well known industry experts including Kitco.com, Jay Taylor and Doug Casey in addition to news releases from publicly traded mining companies .
Investors subscribe to the Investorideas.com Mining Stocks Newswire http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
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. Mining stocks and industry experts are invited to submit news, articles and research.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
Mining companies can also gain ongoing additional exposure to targeted investors searching for mining stocks by participating in one of the many investor awareness and showcase company programs at Investorideas.com.
Mining companies visit: Mining Stocks Investor Awareness Programs
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
Investorideas.com - Re-release of Jay Taylor Coverage on Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
Re-release of Jay Taylor Coverage on Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
Point Roberts WA, May 7, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com, an investor research portal, features coverage by Jay Taylor on mining stock Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF), as released February 26th for interested investors.
Investorideas.com mining content features third part research reports from eResearch, commentary from Kitco.com, Jay Taylor, Casey Research and other resource newsletter writers.
Jay Taylor Coverage on Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
As published February 26, 2010
Jay Taylor - New buy recommendation
Publisher: www.miningstocks.com
Full Report in PDF
Excerpt:
Yale Resources Ltd. came to my attention via JaysWatchList.com. Members on my watch list are afforded a chance to tell our radio listeners about their companies and when I listened to this story and started to look at its prospects, at its current price of $0.053 (updated share price on Yale Resources Ltd. (TSX-V: YLL) I would have to be sure my paid subscribers heard this story.
While I favor companies with advanced-stage projects and especially those with larger-scale projects that can make shareholders big returns, at its current paltry price, return on investment for folks who buy theses shares at their current price level could be absolutely enormous in percentage terms. With a market cap of $3.5 million, Yale is selling at what is little more than the value of a public shell. Yet this company has a number of very attractive exploration projects.
Read the Full Report in PDF: http://www.yaleresources.com/i/pdf/Yale_Resources_Ltd_2010_02_26.pdf
Showcase Mining Stock
Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
Recent News:
YALE (TSX-V: YLL and Frankfurt: YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
Read full news: http://www.investorideas.com/CO/YLL/news/4301.asp
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/YLL/
Visit the company website at: http://www.yaleresources.com/
Request news and stock alerts from Yale
http://www.investorideas.com/Resources/Newsletter.asp
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.
Investorideas.com mining stocks directory (http://www.investorideas.com/Gold_Stocks/Stocks_List.asp) currently features over 1000 mining stocks for investors to research. The directory is also updated monthly as we add new companies in the sector.
Learn more about becoming a Mining Stock Featured Company.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Disclaimer: The following YLL company profile news is a paid for advertiser submission. YLL is an advertising showcase company on Investorideas.com. 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 or its IR department and is not the opinion of Investorideas. 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
Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531
For Additional Information about Investorideas.com mining portals:
C Van Zant: – cvanzant@investorideas.com
Source – Investorideas.com
Point Roberts WA, May 7, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com, an investor research portal, features coverage by Jay Taylor on mining stock Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF), as released February 26th for interested investors.
Investorideas.com mining content features third part research reports from eResearch, commentary from Kitco.com, Jay Taylor, Casey Research and other resource newsletter writers.
Jay Taylor Coverage on Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
As published February 26, 2010
Jay Taylor - New buy recommendation
Publisher: www.miningstocks.com
Full Report in PDF
Excerpt:
Yale Resources Ltd. came to my attention via JaysWatchList.com. Members on my watch list are afforded a chance to tell our radio listeners about their companies and when I listened to this story and started to look at its prospects, at its current price of $0.053 (updated share price on Yale Resources Ltd. (TSX-V: YLL) I would have to be sure my paid subscribers heard this story.
While I favor companies with advanced-stage projects and especially those with larger-scale projects that can make shareholders big returns, at its current paltry price, return on investment for folks who buy theses shares at their current price level could be absolutely enormous in percentage terms. With a market cap of $3.5 million, Yale is selling at what is little more than the value of a public shell. Yet this company has a number of very attractive exploration projects.
Read the Full Report in PDF: http://www.yaleresources.com/i/pdf/Yale_Resources_Ltd_2010_02_26.pdf
Showcase Mining Stock
Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
Recent News:
YALE (TSX-V: YLL and Frankfurt: YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
Read full news: http://www.investorideas.com/CO/YLL/news/4301.asp
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/YLL/
Visit the company website at: http://www.yaleresources.com/
Request news and stock alerts from Yale
http://www.investorideas.com/Resources/Newsletter.asp
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.
Investorideas.com mining stocks directory (http://www.investorideas.com/Gold_Stocks/Stocks_List.asp) currently features over 1000 mining stocks for investors to research. The directory is also updated monthly as we add new companies in the sector.
Learn more about becoming a Mining Stock Featured Company.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Disclaimer: The following YLL company profile news is a paid for advertiser submission. YLL is an advertising showcase company on Investorideas.com. 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 or its IR department and is not the opinion of Investorideas. 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
Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531
For Additional Information about Investorideas.com mining portals:
C Van Zant: – cvanzant@investorideas.com
Source – Investorideas.com
Thursday, May 06, 2010
Investorideas.com - 20,000 Metre Drill Program Underway at Gold Bullion's (TSX-V: GBB) Granada Gold Property
Investorideas.com - 20,000 Metre Drill Program Underway at Gold Bullion's (TSX-V: GBB) Granada Gold Property
20,000 Metre Drill Program Underway at Gold Bullion's (TSX-V: GBB) Granada Gold Property
VANCOUVER, BRITISH COLUMBIA - May 6, 2010 (Investorideas.com Mining stocks Newswire) Mr. Frank J. Basa reports:
Gold Bullion Development Corp. (TSX-V:GBB)(PINK SHEETS:GBBFF) (the "Company" or "Gold Bullion") is pleased to report that Landdrill International Inc. is now completing the second hole of a planned 20,000 metre Phase 2 drill program in the LONG Bars Zone of the Company's 100% owned Granada Gold Property, five kilometers south of Rouyn-Noranda, Quebec. Granada is situated along the prolific "Cadillac Trend" which features numerous multi-million ounce gold deposits.
Gold Bullion's Phase 2 drill program is designed to extend the LONG Bars Zone mineralized system (the current strike length is 1,100 metres) and complete infill and definition drilling for an updated Preliminary Block Model by the fall and a preliminary resource calculation by year-end that will be NI-43-101 compliant.
Several high priority targets designed to intersect the LONG Bars Zone Preliminary Block Model structure at depth from just north of the waste pile (northwest section of the LONG Bars Zone) are the initial focus of the Phase 2 program. GR-10-26, the first hole in this phase, was drilled to a depth of 186 metres. All targets are being drilled at an angle with the goal of intersecting this north-dipping structure. Core is now being logged and split and the first samples will soon be sent to the laboratory for analysis. GENIVAR, the company's geological consultant, is overseeing the drill program.
Drilling will sweep across the northern edge of the Preliminary Block Model and then focus on the high priority east-northeast extension of the LONG Bars Zone (outside the Block Model) near Phase 1 Discovery Hole GR-10-17. Extensive drilling will take place in this area with significant step-outs to the east and north of GR-10-17.
Around-the-clock drilling at the LONG Bars Zone is currently being handled by one drill rig on two 12-hour shifts. The Company is preparing for an extremely busy exploration period through the balance of spring and all summer. With such extensive drilling, arrangements are being finalized to create maximum efficiency and expediency in terms of the receipt of assay results.
"Our first round of drilling was very shallow as we tested for structure and confirmed the dimensional validity of the LONG Bars Zone Preliminary Block Model," stated Gold Bullion's President and CEO, Frank Basa. "We'll be drilling some deeper holes in Phase 2, particularly within the confines of the current Block Model which we believe has excellent potential at depth. The amount of drilling we're doing will help us build tonnage and create significant opportunities for new discoveries in several areas, inside and outside the Block Model."
"As demonstrated by this major round of new drilling and the important recent appointment of Brian Robertson to our board of directors, we are doing everything we can both on the ground at Granada and corporately to develop this project as a potentially large bulk tonnage, open-pit deposit surrounded by all the necessary infrastructure in the best jurisdiction in the world for mining and exploration," Frank Basa concluded.
Mineralization in the LONG Bars Zone is open in all directions.
Additional information on Gold Bullion's Granada Gold Property and the Company's Preliminary Block Model is available in a new Gold Bullion Corporate Presentation ("The Right People, The Right Area, The Right Time") which can be viewed at the Company's web site, http://www.GoldBullionDevelopmentCorp.com.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX VENTURE:GBB; PINK SHEETS:GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President, who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
Frank J. Basa, P.Eng., President and Chief Executive Officer
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.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Frank J. Basa, P.Eng.
Gold Bullion Development Corp.
President and CEO
1-416-625-2342
Roger Thomas
Gold Bullion Development Corp.
Director
1-613-292-2438
www.GoldBullionDevelopmentCorp.com
Disclosure: GBB is a paid advertising client on Investorideas.com and our mining portals.
Visit the GBB showcase profile at Investorideas.com
Request News and Info on GBB
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20,000 Metre Drill Program Underway at Gold Bullion's (TSX-V: GBB) Granada Gold Property
VANCOUVER, BRITISH COLUMBIA - May 6, 2010 (Investorideas.com Mining stocks Newswire) Mr. Frank J. Basa reports:
Gold Bullion Development Corp. (TSX-V:GBB)(PINK SHEETS:GBBFF) (the "Company" or "Gold Bullion") is pleased to report that Landdrill International Inc. is now completing the second hole of a planned 20,000 metre Phase 2 drill program in the LONG Bars Zone of the Company's 100% owned Granada Gold Property, five kilometers south of Rouyn-Noranda, Quebec. Granada is situated along the prolific "Cadillac Trend" which features numerous multi-million ounce gold deposits.
Gold Bullion's Phase 2 drill program is designed to extend the LONG Bars Zone mineralized system (the current strike length is 1,100 metres) and complete infill and definition drilling for an updated Preliminary Block Model by the fall and a preliminary resource calculation by year-end that will be NI-43-101 compliant.
Several high priority targets designed to intersect the LONG Bars Zone Preliminary Block Model structure at depth from just north of the waste pile (northwest section of the LONG Bars Zone) are the initial focus of the Phase 2 program. GR-10-26, the first hole in this phase, was drilled to a depth of 186 metres. All targets are being drilled at an angle with the goal of intersecting this north-dipping structure. Core is now being logged and split and the first samples will soon be sent to the laboratory for analysis. GENIVAR, the company's geological consultant, is overseeing the drill program.
Drilling will sweep across the northern edge of the Preliminary Block Model and then focus on the high priority east-northeast extension of the LONG Bars Zone (outside the Block Model) near Phase 1 Discovery Hole GR-10-17. Extensive drilling will take place in this area with significant step-outs to the east and north of GR-10-17.
Around-the-clock drilling at the LONG Bars Zone is currently being handled by one drill rig on two 12-hour shifts. The Company is preparing for an extremely busy exploration period through the balance of spring and all summer. With such extensive drilling, arrangements are being finalized to create maximum efficiency and expediency in terms of the receipt of assay results.
"Our first round of drilling was very shallow as we tested for structure and confirmed the dimensional validity of the LONG Bars Zone Preliminary Block Model," stated Gold Bullion's President and CEO, Frank Basa. "We'll be drilling some deeper holes in Phase 2, particularly within the confines of the current Block Model which we believe has excellent potential at depth. The amount of drilling we're doing will help us build tonnage and create significant opportunities for new discoveries in several areas, inside and outside the Block Model."
"As demonstrated by this major round of new drilling and the important recent appointment of Brian Robertson to our board of directors, we are doing everything we can both on the ground at Granada and corporately to develop this project as a potentially large bulk tonnage, open-pit deposit surrounded by all the necessary infrastructure in the best jurisdiction in the world for mining and exploration," Frank Basa concluded.
Mineralization in the LONG Bars Zone is open in all directions.
Additional information on Gold Bullion's Granada Gold Property and the Company's Preliminary Block Model is available in a new Gold Bullion Corporate Presentation ("The Right People, The Right Area, The Right Time") which can be viewed at the Company's web site, http://www.GoldBullionDevelopmentCorp.com.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX VENTURE:GBB; PINK SHEETS:GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President, who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
Frank J. Basa, P.Eng., President and Chief Executive Officer
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.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Frank J. Basa, P.Eng.
Gold Bullion Development Corp.
President and CEO
1-416-625-2342
Roger Thomas
Gold Bullion Development Corp.
Director
1-613-292-2438
www.GoldBullionDevelopmentCorp.com
Disclosure: GBB is a paid advertising client on Investorideas.com and our mining portals.
Visit the GBB showcase profile at Investorideas.com
Request News and Info on GBB
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.
Wednesday, May 05, 2010
AMI Resources Inc. (TSX.V:AMU) - Results & Recommendations; Sirba Gold Project in Niger
AMI Resources Inc. (TSX.V:AMU) - Results & Recommendations
VANCOUVER - May 5, 2010 (Investorideas.com Mining newswire) - AMI Resources Inc. (TSX-V: AMU) - The Company has received and posted on its website www.amiresources.com the final drill reports on both the Tialkam and Deba license that make up the Sirba Gold Project in Niger.
Tialkam License - Eight reverse circulation ("RC") holes totaling 808m were drilled at Congo Toure and Tialkam South prospects. The holes drilled at Congo Toure confirm the presence of gold mineralization in volcanic rocks associated to the gabbroic complex. The next drill program is proposed along an East West fence that will intersect potential gold mineralization along the N45 degrees - N55 degrees geological trend and the N130 degrees - N140 degrees tectonic features.
The drill holes at Tialkam South with intersections of 24m (at) 3.08 g/t have confirmed the mineralization from the historic drill holes, while the intersection of 8m (at) 1.08 g/t in TSR004 has extended its continuity over 300 m to the NE. Two fence lines of RC holes are proposed to confirm the extension along this trend.
A GEOTEM generated prospect in the lower SW corner of the Tialkam license is probably the same graphitic horizon as Semafo's Libiri deposit but was displaced by NNE trending faults. A fence profile of 13 drill holes will check the probable extension of the Libiri/Libdorado mineralization into the Tialkam license. The Semafo Samira Hill deposit is the first economic gold deposit in Niger and the corridor of gold mineralization in the Sirba belt partly covered by the Tialkam and Deba license is a very favourable area for the next discovery. See attached map. http://files.newswire.ca/872/GOLDCORRIDOR.doc
Deba License - Seventeen RC holes totaling 1,375m were drilled at Deba village, Kokoloukou and Sefa Nangue, three of the 5 known prospects on this license. The main objective of this program was to confirm and extend the gold mineralization identified in historic drill holes.
In the Deba village prospect, soil geochemistry has identified clusters of gold anomalies within an area of approximately 2 km in diameter where trenching and drilling encountered gold mineralization.
At Sefa Nague the RC drilling encountered several narrow gold intersections some ranging from 10m to 18m. The core drilling in the mid nineties by Japan Intergovernmental Cooperation Agency (JICA) also intersected a multitude of quart veins oriented E-W. JICA reported a NI43-101 non-compliant resource of 2.4 m tons grading 2.06 g/t Au from 5,126m of core drilling. The mineralized zone about 500m wide has likely a western extension where more prolific gold zones could be located. A prolongation of the gold mineralization toward the NW is incidentally supported by atisanal mining sites and the curvature of the quartz veins in that direction. RAB drilling is proposed in the most promising NW area and trenching for reconnaissance toward the SW.
Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of NI43-101, has reviewed the scientific and technical information contained in this press release. An exploration program and budget is currently being designed to further test the above prospects on both the Tialkam and Deba licenses.
We seek safe harbour.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information: Dustin Elford, President (604) 669-2901
Disclosure: AMU is a paid advertising client on Investorideas.com and our mining portals.
Visit the AMU showcase profile at Investorideas.com http://www.investorideas.com/CO/AMU/
Request News and Info on AMU
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_____________________________________________________
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VANCOUVER - May 5, 2010 (Investorideas.com Mining newswire) - AMI Resources Inc. (TSX-V: AMU) - The Company has received and posted on its website www.amiresources.com the final drill reports on both the Tialkam and Deba license that make up the Sirba Gold Project in Niger.
Tialkam License - Eight reverse circulation ("RC") holes totaling 808m were drilled at Congo Toure and Tialkam South prospects. The holes drilled at Congo Toure confirm the presence of gold mineralization in volcanic rocks associated to the gabbroic complex. The next drill program is proposed along an East West fence that will intersect potential gold mineralization along the N45 degrees - N55 degrees geological trend and the N130 degrees - N140 degrees tectonic features.
The drill holes at Tialkam South with intersections of 24m (at) 3.08 g/t have confirmed the mineralization from the historic drill holes, while the intersection of 8m (at) 1.08 g/t in TSR004 has extended its continuity over 300 m to the NE. Two fence lines of RC holes are proposed to confirm the extension along this trend.
A GEOTEM generated prospect in the lower SW corner of the Tialkam license is probably the same graphitic horizon as Semafo's Libiri deposit but was displaced by NNE trending faults. A fence profile of 13 drill holes will check the probable extension of the Libiri/Libdorado mineralization into the Tialkam license. The Semafo Samira Hill deposit is the first economic gold deposit in Niger and the corridor of gold mineralization in the Sirba belt partly covered by the Tialkam and Deba license is a very favourable area for the next discovery. See attached map. http://files.newswire.ca/872/GOLDCORRIDOR.doc
Deba License - Seventeen RC holes totaling 1,375m were drilled at Deba village, Kokoloukou and Sefa Nangue, three of the 5 known prospects on this license. The main objective of this program was to confirm and extend the gold mineralization identified in historic drill holes.
In the Deba village prospect, soil geochemistry has identified clusters of gold anomalies within an area of approximately 2 km in diameter where trenching and drilling encountered gold mineralization.
At Sefa Nague the RC drilling encountered several narrow gold intersections some ranging from 10m to 18m. The core drilling in the mid nineties by Japan Intergovernmental Cooperation Agency (JICA) also intersected a multitude of quart veins oriented E-W. JICA reported a NI43-101 non-compliant resource of 2.4 m tons grading 2.06 g/t Au from 5,126m of core drilling. The mineralized zone about 500m wide has likely a western extension where more prolific gold zones could be located. A prolongation of the gold mineralization toward the NW is incidentally supported by atisanal mining sites and the curvature of the quartz veins in that direction. RAB drilling is proposed in the most promising NW area and trenching for reconnaissance toward the SW.
Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of NI43-101, has reviewed the scientific and technical information contained in this press release. An exploration program and budget is currently being designed to further test the above prospects on both the Tialkam and Deba licenses.
We seek safe harbour.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information: Dustin Elford, President (604) 669-2901
Disclosure: AMU is a paid advertising client on Investorideas.com and our mining portals.
Visit the AMU showcase profile at Investorideas.com http://www.investorideas.com/CO/AMU/
Request News and Info on AMU
Published at Investorideas.com and http://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.
_____________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Tuesday, May 04, 2010
Mining stocks; TOMBSTONE EXPLORATION (OTCBB:TMBXF) TO BEGIN EXPLORATION OF PORPHYRY COPPER TARGETS
Mining stocks; TOMBSTONE EXPLORATION (OTCBB:TMBXF) TO BEGIN EXPLORATION OF PORPHYRY COPPER TARGETS
Phoenix, AZ – May 4, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today that the Company has made significant progress with its drilling program at its property at Tombstone, Arizona. To date, 2375 feet of drilling has been completed, with the drilling on the State of Maine still to be completed.
Follow up work on other targets on Tombstone’s property indicate that there is a possibility that porphyry copper deposits could be found. Previous drilling in the area indicates that porphyry systems exist and that there could be multiple targets in the district. Due to Tombstone’s extensive land holding of about 11,500 acres, there is potential for one or more of these systems on the Company’s property.
Recently, one of the largest mining companies in the world has been acquiring property on the southern border of Tombstone’s land holdings. There are a number of companies doing extensive exploration in southeastern Arizona for porphyry copper deposits as the general area has a long history of hosting these types of deposits. Tombstone has developed an exploration strategy for these deposits that includes airborne geophysical analysis and geochemical surveys to define potential targets.
Steven J. Radvak, P.E., Vice President of Exploration of Tombstone, commented, “The drilling program has progressed nicely and we are waiting for laboratory results for the initial drilling. Additional drilling may be warranted after these results have been received and analyzed. We have also started planning a major geophysical and geochemical survey to help delineate porphyry targets on our property.”
Alan Brown, CEO of Tombstone, commented, “The company is expanding it exploration program to include a search for large open pit style copper gold deposits."
Tombstone Exploration Corporation (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
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Phoenix, AZ – May 4, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today that the Company has made significant progress with its drilling program at its property at Tombstone, Arizona. To date, 2375 feet of drilling has been completed, with the drilling on the State of Maine still to be completed.
Follow up work on other targets on Tombstone’s property indicate that there is a possibility that porphyry copper deposits could be found. Previous drilling in the area indicates that porphyry systems exist and that there could be multiple targets in the district. Due to Tombstone’s extensive land holding of about 11,500 acres, there is potential for one or more of these systems on the Company’s property.
Recently, one of the largest mining companies in the world has been acquiring property on the southern border of Tombstone’s land holdings. There are a number of companies doing extensive exploration in southeastern Arizona for porphyry copper deposits as the general area has a long history of hosting these types of deposits. Tombstone has developed an exploration strategy for these deposits that includes airborne geophysical analysis and geochemical surveys to define potential targets.
Steven J. Radvak, P.E., Vice President of Exploration of Tombstone, commented, “The drilling program has progressed nicely and we are waiting for laboratory results for the initial drilling. Additional drilling may be warranted after these results have been received and analyzed. We have also started planning a major geophysical and geochemical survey to help delineate porphyry targets on our property.”
Alan Brown, CEO of Tombstone, commented, “The company is expanding it exploration program to include a search for large open pit style copper gold deposits."
Tombstone Exploration Corporation (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
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Gold and Mining Stocks; Company Profile for Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
Gold and Mining Stocks; Company Profile for Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
Point Roberts WA, May 4, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com announce the new profile for showcase mining stock, Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF) .
Showcase Mining Stock
Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
Recent News:
YALE (TSX-V: YLL and Frankfurt: YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
Read full news: http://www.investorideas.com/CO/YLL/news/4301.asp
From the Profile: http://www.investorideas.com/CO/YLL/
Yale Resources is well positioned to become one of the key project generators in Mexico. Yale has taken advantage of its extensive network of contacts to identify and acquire projects of merit. In addition, through its Mexican staff Yale has been able to identify early stage areas for staking.
Yale currently has seven projects of which three are under option with partners. Yale currently has over $1.1 million in expenditures committed by its partners in 2010.
This business model is significant for Yale investors as they get to participate in multiple exploration programs funded by Yale’s partners. Should there be exploration success Yale benefits by having additional exploration commitments on its projects. The securities owned by Yale should then become more valuable as well adding to the capital of Yale.
Yale continues to look for and assess new projects.
Current Projects:
1) La Verde (Cu-Ag-Zn-Au): multiple targets with La Verde Grande the most advanced with over 600 m of workings.
2) Dos Naciones (Ag-Pb and Cu-Au-Zn-Ag): Under option to Del Torro Silver – can earn 80% by spending $800,000 and issuing Yale 800,000 shares.
3) Carol (Cu-Ag-Zn-Au): Available for option - drill ready with two large bulk tonnage targets.
4) Orofino (Au-Ag): multiple gold and gold/silver targets. Previous drilling by Teck and 5 targets previously saw small-scale open pit production.
5) Urique (Ag-Au): Under option to American Sierra Gold - can earn 90% by spending $2,600,000, issuing Yale 420,000 shares and paying Yale $750,000. To date AMNP has spent $300,000 on the property, paid Yale $100,000 and issued Yale 100,000 shares. Second year requires $500,000 of expenditure
6) Guadalupe (Ag-Au): Under option to Silver America Inc – can earn 90% by paying Yale US $900,000, issuing 1,000,000 shares and spending $2,000,000 (including a minimum of 2,000 drilling in first year).
7) Los Amoles (Ag-Au): early stage project with multiple historic workings within a 2.3 by 1.1 km area containing multiple veins.
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/YLL/
Visit the company website at: http://www.yaleresources.com/s/Home.asp
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Contact
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531
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Source – Investorideas.com
Point Roberts WA, May 4, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com announce the new profile for showcase mining stock, Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF) .
Showcase Mining Stock
Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
Recent News:
YALE (TSX-V: YLL and Frankfurt: YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
Read full news: http://www.investorideas.com/CO/YLL/news/4301.asp
From the Profile: http://www.investorideas.com/CO/YLL/
Yale Resources is well positioned to become one of the key project generators in Mexico. Yale has taken advantage of its extensive network of contacts to identify and acquire projects of merit. In addition, through its Mexican staff Yale has been able to identify early stage areas for staking.
Yale currently has seven projects of which three are under option with partners. Yale currently has over $1.1 million in expenditures committed by its partners in 2010.
This business model is significant for Yale investors as they get to participate in multiple exploration programs funded by Yale’s partners. Should there be exploration success Yale benefits by having additional exploration commitments on its projects. The securities owned by Yale should then become more valuable as well adding to the capital of Yale.
Yale continues to look for and assess new projects.
Current Projects:
1) La Verde (Cu-Ag-Zn-Au): multiple targets with La Verde Grande the most advanced with over 600 m of workings.
2) Dos Naciones (Ag-Pb and Cu-Au-Zn-Ag): Under option to Del Torro Silver – can earn 80% by spending $800,000 and issuing Yale 800,000 shares.
3) Carol (Cu-Ag-Zn-Au): Available for option - drill ready with two large bulk tonnage targets.
4) Orofino (Au-Ag): multiple gold and gold/silver targets. Previous drilling by Teck and 5 targets previously saw small-scale open pit production.
5) Urique (Ag-Au): Under option to American Sierra Gold - can earn 90% by spending $2,600,000, issuing Yale 420,000 shares and paying Yale $750,000. To date AMNP has spent $300,000 on the property, paid Yale $100,000 and issued Yale 100,000 shares. Second year requires $500,000 of expenditure
6) Guadalupe (Ag-Au): Under option to Silver America Inc – can earn 90% by paying Yale US $900,000, issuing 1,000,000 shares and spending $2,000,000 (including a minimum of 2,000 drilling in first year).
7) Los Amoles (Ag-Au): early stage project with multiple historic workings within a 2.3 by 1.1 km area containing multiple veins.
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/YLL/
Visit the company website at: http://www.yaleresources.com/s/Home.asp
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Become an InvestorIdeas.com member and access all of our stock directories by login. -Learn more: http://www.investorideas.com/membership/
Join our Campaign for 2010- One million members stronger…
Disclaimer: The following company profile news is a paid for submission, as a showcase company on Investorideas.com. 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 or its IR department and is not the opinion of Investorideas. 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
Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531
For Additional Information about Investorideas.com mining portals:
C Van Zant: – cvanzant@investorideas.com
Source – Investorideas.com
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