Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) Names New Chief Executive Officer to Lead the Next Phase of Corporate Growth
TORONTO, ONTARIO - May 31, 2010 (Investorideas.com Mining stocks Newswire) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM; OTCQX:RDNAF), today announced that Mr. David Stein is resigning as the Company's President and Chief Executive Officer, effective the close of business today. Mr. Stein will continue to serve as an advisor to the CEO and as a director on Rodinia's Board of Directors ("Board"). The Board has appointed William Randall, Rodinia's Vice President, Exploration as President and Chief Executive Officer.
David Stein is resigning as President and CEO of Rodinia to focus on other business endeavours, including his role as President and COO of Aberdeen International (TSX:AAB). "With strong management in place and an outstanding pipeline of lithium development projects progressing well, it is the right time for me to pass the torch as CEO," said Mr. Stein. "In the brief time I have been involved with Rodinia we have completely restructured the management of the Company and significantly improved the asset base, particularly with the acquisition of our high-profile lithium development projects in Argentina. I am pleased that the Board's succession plan has produced a smooth, seamless leadership transition and that it has selected Will Randall to succeed me. Will has been a close colleague and business partner since I joined Rodinia, and in that time he has emerged as one of the top professionals in the lithium exploration industry. Rodinia's employees and shareholders will benefit from his leadership and judgment as the Company's growth plan switches from asset acquisitions to aggressive exploration and development."
"David provided stability and leadership while presiding over Rodinia's smooth transition into a lithium exploration focused company. He was instrumental in analyzing and structuring the asset acquisitions that now position Rodinia as one of the world's premier junior lithium-brine exploration companies - that will be his legacy," said Farhad Abasov, Rodinia's Executive Chairman. "We are grateful that David will remain as a director and active participant in this transition. The Board also congratulates Will Randall on his well-earned appointment as President and CEO."
Mr. Randall is a Professional Geologist who has worked in various capacities in the natural resource sectors, primarily focused on mineral exploration, development and production. He had previous lithium-brine experience before joining Liberty Mines and Canadian Royalties immediately before joining Rodinia. He also played a key role in the Company's acquisition of prospective lithium-brine assets in Argentina. Having been raised in Argentina, Mr. Randall has a strong understanding of the political and operating environment in the country and has amassed an extensive network of associates both in North and South America.
"Rodinia has assembled an outstanding portfolio of lithium-brine assets in geopolitically stable jurisdictions that all have the potential to become economic producers," said William Randall. "Advancing these unique projects, while strengthening our brand and liquidity during these challenging market times, will be my highest priorities as CEO. I am excited to lead the next phase of growth at Rodinia and to unlock significant shareholder value. I have absolute confidence in the strength of our people and assets."
About Rodinia Minerals Inc.:
Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Diablillos project in Salta, Argentina.
Please visit the Company's web site at www.rodiniaminerals.com or write us at info@rodiniaminerals.com. Follow us on Twitter: http://twitter.com/RodiniaLithium.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Company's projects; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts
Aaron Wolfe
Rodinia Minerals Inc.
Vice President, Corporate Development
+1 (416) 309-2696
http://www.rodiniaminerals.com/
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Monday, May 31, 2010
Mining Stocks; CRCC-Tongguan Investment (Canada) Co., Ltd. Acquires Approximately 96.9% of Corriente Resources Inc.(TSX:CTQ)(AMEX:ETQ)
Mining Stocks; CRCC-Tongguan Investment (Canada) Co., Ltd. Acquires Approximately 96.9% of Corriente Resources Inc.(TSX:CTQ)(AMEX:ETQ)
VANCOUVER, BRITISH COLUMBIA-- - 05/31/10 ( Investorideas.com mining stocks newswire ) - CRCC-Tongguan Investment (Canada) Co., Ltd., (the "Offeror") and Corriente Resources Inc.("Corriente") (TSX:CTQ)(AMEX:ETQ) jointly announce that all of the terms and conditions to the Offeror's offer to purchase (the "Offer") all of the issued and outstanding common shares of Corriente at a price of Cdn.$8.60 in cash per common share have been satisfied prior to the expiry of the Offer at 5:00 p.m. (Vancouver time) on May 28, 2010. 76,478,495 common shares of Corriente have been validly deposited under the Offer and the Offeror has taken up and accepted for payment all of these common shares, which represent approximately 96.9% of the common shares of Corriente on a fully-diluted basis.
The Offeror is a wholly-owned direct subsidiary of CRCC-Tongguan Investment Co., Ltd. which is in turn a jointly-owned direct subsidiary of Tongling Nonferrous Metals Group Holdings Co., Ltd. and China Railway Construction Corporation Limited.
THIS NEWS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.
Kenneth R Shannon, Chief Executive Officer
Corriente shareholders with questions or requests for a copy of the early warning report to be filed by the Offeror in connection herewith should contact:
Georgeson Shareholder Communications Canada, Inc.,
Information Agent for the Offer,
North American Toll Free Number: 1-866-374-0472
Banks and Brokers Collect Number: 1-212-806-6859
Email: gsproxygroup@gscorp.com
Contact:Georgeson Shareholder Communications Canada, Inc.
Information Agent for the Offer
North American Toll Free Number: 1-866-374-0472
Banks and Brokers Collect Number: 1-212-806-6859
gsproxygroup@gscorp.com
end ________________________________
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VANCOUVER, BRITISH COLUMBIA-- - 05/31/10 ( Investorideas.com mining stocks newswire ) - CRCC-Tongguan Investment (Canada) Co., Ltd., (the "Offeror") and Corriente Resources Inc.("Corriente") (TSX:CTQ)(AMEX:ETQ) jointly announce that all of the terms and conditions to the Offeror's offer to purchase (the "Offer") all of the issued and outstanding common shares of Corriente at a price of Cdn.$8.60 in cash per common share have been satisfied prior to the expiry of the Offer at 5:00 p.m. (Vancouver time) on May 28, 2010. 76,478,495 common shares of Corriente have been validly deposited under the Offer and the Offeror has taken up and accepted for payment all of these common shares, which represent approximately 96.9% of the common shares of Corriente on a fully-diluted basis.
The Offeror is a wholly-owned direct subsidiary of CRCC-Tongguan Investment Co., Ltd. which is in turn a jointly-owned direct subsidiary of Tongling Nonferrous Metals Group Holdings Co., Ltd. and China Railway Construction Corporation Limited.
THIS NEWS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.
Kenneth R Shannon, Chief Executive Officer
Corriente shareholders with questions or requests for a copy of the early warning report to be filed by the Offeror in connection herewith should contact:
Georgeson Shareholder Communications Canada, Inc.,
Information Agent for the Offer,
North American Toll Free Number: 1-866-374-0472
Banks and Brokers Collect Number: 1-212-806-6859
Email: gsproxygroup@gscorp.com
Contact:Georgeson Shareholder Communications Canada, Inc.
Information Agent for the Offer
North American Toll Free Number: 1-866-374-0472
Banks and Brokers Collect Number: 1-212-806-6859
gsproxygroup@gscorp.com
end ________________________________
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Mining Stocks; Greystar Resources (TSX: GSL.TO)(AIM: GSL) Receives Positive Decision on Appeal to Reinstate Environmental Impact Assessment at Angostura Project, Colombia
Mining Stocks; Greystar Resources (TSX: GSL.TO)(AIM: GSL) Receives Positive Decision on Appeal to Reinstate Environmental Impact Assessment at Angostura Project, Colombia
VANCOUVER, BRITISH COLUMBIA--- May 31, 2010 - ( Investorideas.com mining stocks newswire) Greystar Resources Ltd. (TSX: GSL.TO)(AIM: GSL) is pleased to announce that further to its news releases dated April 29 and May 21, 2010 the Company has received a positive decision in regard to the Company's appeal with the Ministry of the Environment, Housing and Territorial Development (MAVDT) to reinstate its December 22, 2009 Environmental Impact Assessment (EIA).
On May 28, 2010, the Company received a decision from MAVDT that reverses its April 20 letter and reinstates the December 22, 2009 EIA as filed. MAVDT will move forward with a review of the EIA.
Steve Kesler, President & CEO commented, "We are very pleased with the Ministry's decision to reinstate our EIA as filed. We are committed to the highest standards of environmental stewardship in the development of the Angostura project. We believe that Angostura can be developed in a sustainable fashion that respects the integrity of the environment while delivering economic benefits to all stakeholders. We will continue to work closely with the Colombian Government and MAVDT to resolve all concerns related to the development of Angostura."
Greystar is in the midst of completing a Definitive Feasibility Study (DFS) on the Angostura project that is expected to be published in the second half of 2010. In addition, the Company has begun the process of securing US$650 million in project finance from international sources. The Company continues to carry out exploration at the project with a total of six drill rigs focused on three targets; Angostura high grade, Mongora and La Plata.
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.
Forward-Looking Statements
Certain statements in this news release are "forward-looking" within the meaning of Canadian securities legislation. They include statements regarding estimates of capital and operating expenditures for the Angostura Project, the estimated completion date for a definitive feasibility study and the estimated average annual production from the Angostura Project. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production and operating risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Company's Annual Information Form dated March 26, 2010 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.
Contacts
Geoff Chater
Greystar Resources Ltd.
Vice President
(604) 614-7830
info@greystarresources.com http://www.greystarresources.com/
end _______________________________________________
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VANCOUVER, BRITISH COLUMBIA--- May 31, 2010 - ( Investorideas.com mining stocks newswire) Greystar Resources Ltd. (TSX: GSL.TO)(AIM: GSL) is pleased to announce that further to its news releases dated April 29 and May 21, 2010 the Company has received a positive decision in regard to the Company's appeal with the Ministry of the Environment, Housing and Territorial Development (MAVDT) to reinstate its December 22, 2009 Environmental Impact Assessment (EIA).
On May 28, 2010, the Company received a decision from MAVDT that reverses its April 20 letter and reinstates the December 22, 2009 EIA as filed. MAVDT will move forward with a review of the EIA.
Steve Kesler, President & CEO commented, "We are very pleased with the Ministry's decision to reinstate our EIA as filed. We are committed to the highest standards of environmental stewardship in the development of the Angostura project. We believe that Angostura can be developed in a sustainable fashion that respects the integrity of the environment while delivering economic benefits to all stakeholders. We will continue to work closely with the Colombian Government and MAVDT to resolve all concerns related to the development of Angostura."
Greystar is in the midst of completing a Definitive Feasibility Study (DFS) on the Angostura project that is expected to be published in the second half of 2010. In addition, the Company has begun the process of securing US$650 million in project finance from international sources. The Company continues to carry out exploration at the project with a total of six drill rigs focused on three targets; Angostura high grade, Mongora and La Plata.
About Greystar Resources Ltd.
Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.
Forward-Looking Statements
Certain statements in this news release are "forward-looking" within the meaning of Canadian securities legislation. They include statements regarding estimates of capital and operating expenditures for the Angostura Project, the estimated completion date for a definitive feasibility study and the estimated average annual production from the Angostura Project. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production and operating risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Company's Annual Information Form dated March 26, 2010 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.
Contacts
Geoff Chater
Greystar Resources Ltd.
Vice President
(604) 614-7830
info@greystarresources.com http://www.greystarresources.com/
end _______________________________________________
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Thursday, May 27, 2010
Investorideas.com Mining Stocks News For May 27, 2010
Investorideas.com Mining Stocks News For May 27, 2010
May 27, 2010, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com and www.MiningSectorStocks.com news for May 27, 2010
New Lithium Showcase Stock; Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF); Lithium for a Green Future
Point Roberts WA, May 27, 2010 – (Investorideas.com Mining stocks Newswire) Investor Ideas and its leading mining investor portals, announce the new company profile for lithium showcase stock Rodinia Minerals Inc. (TSX-V: RM)(OTCQX: RDNAF) is available for interested mining and green investors.
Showcase Mining Stock - Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) Featured on Investorideas.com, www.Gold-MiningStocks.com and http://www.miningsectorstocks.com/
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/RM/
Visit the company website at: http://www.rodiniaminerals.com/
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Full News Release: http://www.investorideas.com/CO/RM/news/5271.asp
New Gold and Base Minerals Showcase Stock; Wildcat Exploration Ltd. (TSX-V: WEL);
Current projects concentrated in Manitoba and Saskatchewan
May 27, 2010 – (Investorideas.com Mining stocks Newswire) Investor Ideas and its leading mining investor portals, announce the new company profile for showcase gold and base minerals stock, Wildcat Exploration Ltd. (TSX-V:WEL) is available for interested investors.
Showcase Mining Stock -Wildcat Exploration Ltd. (TSX-V: WEL) Featured on Investorideas.com, www.Gold-MiningStocks.com and http://www.miningsectorstocks.com/
Visit the full company profile at Investorideas.com:
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Full News Release: http://www.investorideas.com/news/5271.asp
Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman updates Jay Taylor in Recent Audio Interview
Point Roberts WA, May 27, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals provide interested investors a link to a recent audio interview with Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman.
Ian Foreman updates Jay Taylor
Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman has given Jay Taylor an update on Yale's activities. The interview is available on the company’s website.
To listen to this interview, please click the following link:
http://www.yaleresources.com/i/media/RadioInterview-18May2010.mp3;
Showcase Mining Stock Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) Featured on Investorideas.com, www.Gold-MiningStocks.com and http://www.miningsectorstocks.com/
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Visit the company website at: http://www.yaleresources.com/
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Full News Release: http://www.investorideas.com/CO/YLL/news/5271.asp
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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.
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Disclaimer: The above WEL, YLL and RM company profile news is a paid for advertiser submission. WEL, YLL and RM are advertising showcase companies 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.
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May 27, 2010, www.InvestorIdeas.com, and its mining stocks portals www.Gold-MiningStocks.com and www.MiningSectorStocks.com news for May 27, 2010
New Lithium Showcase Stock; Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF); Lithium for a Green Future
Point Roberts WA, May 27, 2010 – (Investorideas.com Mining stocks Newswire) Investor Ideas and its leading mining investor portals, announce the new company profile for lithium showcase stock Rodinia Minerals Inc. (TSX-V: RM)(OTCQX: RDNAF) is available for interested mining and green investors.
Showcase Mining Stock - Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) Featured on Investorideas.com, www.Gold-MiningStocks.com and http://www.miningsectorstocks.com/
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/RM/
Visit the company website at: http://www.rodiniaminerals.com/
Request news and stock alerts from Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF)http://www.investorideas.com/Resources/Newsletter.asp
Full News Release: http://www.investorideas.com/CO/RM/news/5271.asp
New Gold and Base Minerals Showcase Stock; Wildcat Exploration Ltd. (TSX-V: WEL);
Current projects concentrated in Manitoba and Saskatchewan
May 27, 2010 – (Investorideas.com Mining stocks Newswire) Investor Ideas and its leading mining investor portals, announce the new company profile for showcase gold and base minerals stock, Wildcat Exploration Ltd. (TSX-V:WEL) is available for interested investors.
Showcase Mining Stock -Wildcat Exploration Ltd. (TSX-V: WEL) Featured on Investorideas.com, www.Gold-MiningStocks.com and http://www.miningsectorstocks.com/
Visit the full company profile at Investorideas.com:
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Visit the company website at: http://www.wildcat.ca/
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Full News Release: http://www.investorideas.com/news/5271.asp
Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman updates Jay Taylor in Recent Audio Interview
Point Roberts WA, May 27, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals provide interested investors a link to a recent audio interview with Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman.
Ian Foreman updates Jay Taylor
Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman has given Jay Taylor an update on Yale's activities. The interview is available on the company’s website.
To listen to this interview, please click the following link:
http://www.yaleresources.com/i/media/RadioInterview-18May2010.mp3;
Showcase Mining Stock Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) Featured on Investorideas.com, www.Gold-MiningStocks.com and http://www.miningsectorstocks.com/
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Full News Release: http://www.investorideas.com/CO/YLL/news/5271.asp
About our Mining Portals:
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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.
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
About InvestorIdeas.com:
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Disclaimer: The above WEL, YLL and RM company profile news is a paid for advertiser submission. WEL, YLL and RM are advertising showcase companies 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
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Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman updates Jay Taylor in Recent Audio Interview
Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman updates Jay Taylor in Recent Audio Interview
May 27, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals provide interested investors a link to a recent audio interview with Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman.
Ian Foreman updates Jay Taylor
Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman has given Jay Taylor an update on Yale's activities. The interview is available on the company’s website.
To listen to this interview, please click the following link:
http://www.yaleresources.com/i/media/RadioInterview-18May2010.mp3
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.
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Disclaimer: The following company profile news for YLL is a paid for submission, as 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.
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Contact
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President
For additional information on Yale Resources please call the Company at 604-678-2531
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May 27, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals provide interested investors a link to a recent audio interview with Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman.
Ian Foreman updates Jay Taylor
Yale Resources Ltd. (TSX-V: YLL) President, Ian Foreman has given Jay Taylor an update on Yale's activities. The interview is available on the company’s website.
To listen to this interview, please click the following link:
http://www.yaleresources.com/i/media/RadioInterview-18May2010.mp3
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.
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/YLL/
Visit the company website at: http://www.yaleresources.com/
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About InvestorIdeas.com:
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Investorideas.com is known for its comprehensive stock directories in each sector and sector specific newswires.
Disclaimer: The following company profile news for YLL is a paid for submission, as 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.
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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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New Lithium Showcase Stock; Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF); Lithium for a Green Future
New Lithium Showcase Stock; Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF);
Lithium for a Green Future
Point Roberts WA, May 27, 2010 – (Investorideas.com Mining stocks Newswire) Investor Ideas and its leading mining investor portals, announce the new company profile for lithium showcase stock Rodinia Minerals Inc. (TSX-V: RM)(OTCQX: RDNAF) is available for interested mining and green investors.
Showcase Mining Stock - Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF)
“Lithium for a Green Future “
Featured on Investorideas.com, www.Gold-MiningStocks.com and www.MiningSectorStocks.com
Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Diablillos project in Salta, Argentina.
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/RM/
Visit the company website at: http://www.rodiniaminerals.com/
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Disclaimer: The following company profile news for Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) is a paid for submission, as 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.
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Contact Rodinia Minerals Inc.
Tel: +1 (416) 309 2696
Email: info@rodiniaminerals.com
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Source – Investorideas.com
Lithium for a Green Future
Point Roberts WA, May 27, 2010 – (Investorideas.com Mining stocks Newswire) Investor Ideas and its leading mining investor portals, announce the new company profile for lithium showcase stock Rodinia Minerals Inc. (TSX-V: RM)(OTCQX: RDNAF) is available for interested mining and green investors.
Showcase Mining Stock - Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF)
“Lithium for a Green Future “
Featured on Investorideas.com, www.Gold-MiningStocks.com and www.MiningSectorStocks.com
Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Diablillos project in Salta, Argentina.
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/RM/
Visit the company website at: http://www.rodiniaminerals.com/
Request news and stock alerts from Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF)
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www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com content umbrella, feature industry and stock news with the mining stocks newswire , investing articles and financial columnists from some of the industry’s best, investor conferences, our gold and mining blog at Blogger.com and a global directory of mining and gold stocks. Gold-Mining stocks .com has also created and sponsored a gold and mining stocks group at www.Linkedin.com for investors and IR professionals to communicate. Join the group
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Disclaimer: The following company profile news for Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) is a paid for submission, as 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.
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Contact Rodinia Minerals Inc.
Tel: +1 (416) 309 2696
Email: info@rodiniaminerals.com
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New Gold and Base Minerals Showcase Stock; Wildcat Exploration Ltd. (TSX-V: WEL);
New Gold and Base Minerals Showcase Stock; Wildcat Exploration Ltd. (TSX-V: WEL);
Current projects concentrated in Manitoba and Saskatchewan
May 27, 2010 – (Investorideas.com Mining stocks Newswire) Investor Ideas and its leading mining investor portals, announce the new company profile for showcase gold and base minerals stock, Wildcat Exploration Ltd. (TSX-V:WEL) is available for interested investors.
Showcase Mining Stock -Wildcat Exploration Ltd. (TSX-V: WEL)
Featured on Investorideas.com, http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/
New Gold and Base Minerals Showcase Stock; Wildcat Exploration Ltd.
(TSX-V: WEL);
Wildcat Exploration Ltd. is a Canadian company focused on identifying, exploring for and developing base and precious metal deposits in Canada.
Seasoned management is led by John L. Knowles, a current director of HudBay Minerals, with exploration guided by Tom Lewis, past Canadian Exploration Manager with Anglo American plc, and a former Project Manager with Placer Dome Inc,. on the Musselwhite gold project.
The Company's current projects are concentrated in Manitoba and Saskatchewan, two of the top ten jurisdictions for mining in the world (Fraser Institute, 2008/09 survey).
Its portfolio includes:
(1) three gold properties and one gold and platinum group element (PGE) property in the Rice Lake greenstone belt near Bissett, Manitoba, and the new gold discoveries by San Gold Corporation;
(2) the Reed Lake copper-zinc property in the prolific Flin Flon - Snow Lake mining district of Manitoba, located adjacent and between two recent new copper discoveries, and
(3) the Foster River zinc project, a former Noranda property with geological similarities to Broken Hill type mineralization, located in central north Saskatchewan.
As Wildcat builds its property portfolio, the Company frequently receives and reviews proposals from owners of advanced Canadian exploration properties.
Visit the full company profile at Investorideas.com:
http://www.investorideas.com/CO/WEL/
Visit the company website at: http://www.wildcat.ca/
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Gold-Mining stocks .com has also created and sponsored a gold and mining stocks group at www.Linkedin.com for investors and IR professionals to communicate. Join the group http://www.linkedin.com/groups?about=&gid=2706310&trk=anet_ug_grppro
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Investorideas.com is known for its comprehensive stock directories in each sector and sector specific newswires.
Disclaimer: The following company profile news for Wildcat Exploration Ltd.(TSX-V: WEL) is a paid for submission, as 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.
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Contact Wildcat Exploration
Wayne L. Stebbe
w.stebbe@wildcat.ca
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C Van Zant: - cvanzant@investorideas.com Source - Investorideas.com
Current projects concentrated in Manitoba and Saskatchewan
May 27, 2010 – (Investorideas.com Mining stocks Newswire) Investor Ideas and its leading mining investor portals, announce the new company profile for showcase gold and base minerals stock, Wildcat Exploration Ltd. (TSX-V:WEL) is available for interested investors.
Showcase Mining Stock -Wildcat Exploration Ltd. (TSX-V: WEL)
Featured on Investorideas.com, http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/
New Gold and Base Minerals Showcase Stock; Wildcat Exploration Ltd.
(TSX-V: WEL);
Wildcat Exploration Ltd. is a Canadian company focused on identifying, exploring for and developing base and precious metal deposits in Canada.
Seasoned management is led by John L. Knowles, a current director of HudBay Minerals, with exploration guided by Tom Lewis, past Canadian Exploration Manager with Anglo American plc, and a former Project Manager with Placer Dome Inc,. on the Musselwhite gold project.
The Company's current projects are concentrated in Manitoba and Saskatchewan, two of the top ten jurisdictions for mining in the world (Fraser Institute, 2008/09 survey).
Its portfolio includes:
(1) three gold properties and one gold and platinum group element (PGE) property in the Rice Lake greenstone belt near Bissett, Manitoba, and the new gold discoveries by San Gold Corporation;
(2) the Reed Lake copper-zinc property in the prolific Flin Flon - Snow Lake mining district of Manitoba, located adjacent and between two recent new copper discoveries, and
(3) the Foster River zinc project, a former Noranda property with geological similarities to Broken Hill type mineralization, located in central north Saskatchewan.
As Wildcat builds its property portfolio, the Company frequently receives and reviews proposals from owners of advanced Canadian exploration properties.
Visit the full company profile at Investorideas.com:
http://www.investorideas.com/CO/WEL/
Visit the company website at: http://www.wildcat.ca/
Request news and stock alerts from Wildcat Exploration Ltd. (TSX-V: WEL) http://www.investorideas.com/Resources/Newsletter.asp
About our Gold and Mining Investor Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com content umbrella, feature industry and stock news with the mining stocks newswire , investing articles and financial columnists from some of the industry's best, investor conferences, our gold and mining blog at Blogger.com and a global directory of mining and gold stocks.
Gold-Mining stocks .com has also created and sponsored a gold and mining stocks group at www.Linkedin.com for investors and IR professionals to communicate. Join the group http://www.linkedin.com/groups?about=&gid=2706310&trk=anet_ug_grppro
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing, covering leading industry sectors including mining and gold stocks, in addition to global markets including China, India, the Middle East and Australia.
Investorideas.com is known for its comprehensive stock directories in each sector and sector specific newswires.
Disclaimer: The following company profile news for Wildcat Exploration Ltd.(TSX-V: WEL) is a paid for submission, as 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 Wildcat Exploration
Wayne L. Stebbe
w.stebbe@wildcat.ca
For Additional Information about Investorideas.com mining portals:
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Wednesday, May 26, 2010
Rodinia Minerals (TSX-V: RM) Defines 2.5 km by 4 km High-Grade Lithium-Potash Zone Near Surface at Salar De Diablillos Through Auger Drilling
Rodinia Minerals (TSX-V: RM) Defines 2.5 km by 4 km High-Grade Lithium-Potash Zone Near Surface at Salar De Diablillos Through Auger Drilling
Toronto, Ontario - May 26, 2010 (Investorideas.com Mining stocks Newswire) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX-V: RM; OTCQX: RDNAF) announces completed phase II sample results from its auger drill exploration program on its Salar de Diablillos lithium-brine project in Salta, Argentina ("Diablillos" or the "Salar") (See Press Releases dated March 1, 2010 and April 20, 2010).
Based on the completed sampling program of 102 sample holes, the Diablillos auger drill exploration program returned lithium ("Li") values of up to 1,000 milligrams per litre ("mg/L") and potassium ("K") values of up to 11,000 mg/L. Focusing on the nucleus of the Salar, which the Company believes represents the highest probability for production (see Figure 1 below), results returned average Li of 868 mg/L and average K of 9,300 mg/L with favourable magnesium ("Mg") to Li ratio of 3.98 and attractive sulphate ratio of 5.33 SO4:Li. The results also indicate that the higher-grade Salar nucleus is open to the east. Previously reported results for the auger drill program were based on a total of 30 sample holes. The full set of results reinforces the Company's belief that Diablillos may contain high concentrations of lithium and potash and that the project may have the potential to become a lithium carbonate producer. The Company remains encouraged by the presence of near-surface brines that contain similar, and in many instances higher, lithium and potash concentrations to other established brine developers in South America.
The program successfully covered a large portion of the Salar which returned average results of 724 mg/L Li, 7,975 mg/L K, 3.97 Mg:Li, and 6.66 SO4:Li. The easternmost portion of the Salar could not be sampled due to the presence of "caliche", a hard calcium carbonate layer overlying the lithium bearing brines. This caliche layer was also encountered in certain holes throughout the Salar and could not be penetrated by the auger drill. Work completed thus far indicates that this caliche layer could be penetrated by a standard rig, by either reverse circulation or diamond drilling. In general, lithium values decreased towards the salar margins to the north and south, however drilling will be required to establish whether this trend is consistent at depth. Rodinia anticipates that it will commence an RC drilling program shortly to test the depth of the aquifer, as well as the lithium potential under the areas covered by hard caliche.
Figure 1 - Sampling Contour Map, Salar de Diablillos
To view Figure 1 - Sampling Contour Map, Salar de Diablillos, please visit the following link: http://media3.marketwire.com/docs/RM0526.jpg.
Throughout the auger sampling, Rodinia employed a sampling procedure designed to ensure sample integrity by minimizing contamination of brine samples through the dissolution of overlying sediments and evaporates that may be enriched in lithium. All the holes were drilled to a depth sufficient to ensure penetration of the overlying clay layer, which varies in thickness between one and over three metres. Below the clays, a medium to coarse-grained sand aquifer was encountered containing high-grade lithium brine in its porous space. A historical drill hole in the south eastern margin of the Salar indicates the presence of this aquifer to a vertical depth of at least 75 metres, with material coarsening at depth to a coarse basal conglomerate (SEGEMAR; www.segemar.gov.ar).
Sample integrity was maintained by pushing four inch casing down into the hole and pumping, where possible, the contents of the hole. The hole was then left to refill from the aquifer below, ensuring proper representation of brine geochemistry. This brine was then sampled and decanted before collection in sealed plastic containers that had been previously rinsed in the same brine. All samples were sent to ALS Laboratory Group, Environmental Division, in Fort Collins, CO, USA where Rodinia is sending both its Diablillos and Clayton Valley project samples.
All exploration and drilling initiatives undertaken by Rodinia is supervised by William Randall MSc (Geology), the Vice President Exploration of Rodinia. Mr. Randall is a qualified person, as defined by National Instrument 43-101, and he has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 300 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, CO (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
About Rodinia Minerals Inc.:
Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Diablillos project in Salta, Argentina.
Please visit the Company's web site at www.rodiniaminerals.com or write us at info@rodiniaminerals.com. Follow us on Twitter: http://twitter.com/RodiniaLithium.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Company's projects; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts
Aaron Wolfe
Rodinia Minerals Inc.
Vice President, Corporate Development
+1 (416) 309-2696
www.rodiniaminerals.com
Disclosure: RM is a paid advertising client on Investorideas.com and our mining portals.
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Toronto, Ontario - May 26, 2010 (Investorideas.com Mining stocks Newswire) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX-V: RM; OTCQX: RDNAF) announces completed phase II sample results from its auger drill exploration program on its Salar de Diablillos lithium-brine project in Salta, Argentina ("Diablillos" or the "Salar") (See Press Releases dated March 1, 2010 and April 20, 2010).
Based on the completed sampling program of 102 sample holes, the Diablillos auger drill exploration program returned lithium ("Li") values of up to 1,000 milligrams per litre ("mg/L") and potassium ("K") values of up to 11,000 mg/L. Focusing on the nucleus of the Salar, which the Company believes represents the highest probability for production (see Figure 1 below), results returned average Li of 868 mg/L and average K of 9,300 mg/L with favourable magnesium ("Mg") to Li ratio of 3.98 and attractive sulphate ratio of 5.33 SO4:Li. The results also indicate that the higher-grade Salar nucleus is open to the east. Previously reported results for the auger drill program were based on a total of 30 sample holes. The full set of results reinforces the Company's belief that Diablillos may contain high concentrations of lithium and potash and that the project may have the potential to become a lithium carbonate producer. The Company remains encouraged by the presence of near-surface brines that contain similar, and in many instances higher, lithium and potash concentrations to other established brine developers in South America.
The program successfully covered a large portion of the Salar which returned average results of 724 mg/L Li, 7,975 mg/L K, 3.97 Mg:Li, and 6.66 SO4:Li. The easternmost portion of the Salar could not be sampled due to the presence of "caliche", a hard calcium carbonate layer overlying the lithium bearing brines. This caliche layer was also encountered in certain holes throughout the Salar and could not be penetrated by the auger drill. Work completed thus far indicates that this caliche layer could be penetrated by a standard rig, by either reverse circulation or diamond drilling. In general, lithium values decreased towards the salar margins to the north and south, however drilling will be required to establish whether this trend is consistent at depth. Rodinia anticipates that it will commence an RC drilling program shortly to test the depth of the aquifer, as well as the lithium potential under the areas covered by hard caliche.
Figure 1 - Sampling Contour Map, Salar de Diablillos
To view Figure 1 - Sampling Contour Map, Salar de Diablillos, please visit the following link: http://media3.marketwire.com/docs/RM0526.jpg.
Throughout the auger sampling, Rodinia employed a sampling procedure designed to ensure sample integrity by minimizing contamination of brine samples through the dissolution of overlying sediments and evaporates that may be enriched in lithium. All the holes were drilled to a depth sufficient to ensure penetration of the overlying clay layer, which varies in thickness between one and over three metres. Below the clays, a medium to coarse-grained sand aquifer was encountered containing high-grade lithium brine in its porous space. A historical drill hole in the south eastern margin of the Salar indicates the presence of this aquifer to a vertical depth of at least 75 metres, with material coarsening at depth to a coarse basal conglomerate (SEGEMAR; www.segemar.gov.ar).
Sample integrity was maintained by pushing four inch casing down into the hole and pumping, where possible, the contents of the hole. The hole was then left to refill from the aquifer below, ensuring proper representation of brine geochemistry. This brine was then sampled and decanted before collection in sealed plastic containers that had been previously rinsed in the same brine. All samples were sent to ALS Laboratory Group, Environmental Division, in Fort Collins, CO, USA where Rodinia is sending both its Diablillos and Clayton Valley project samples.
All exploration and drilling initiatives undertaken by Rodinia is supervised by William Randall MSc (Geology), the Vice President Exploration of Rodinia. Mr. Randall is a qualified person, as defined by National Instrument 43-101, and he has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 300 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, CO (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.
About Rodinia Minerals Inc.:
Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications like lithium-ion batteries as well as glass ceramics, greases, pharmaceuticals etc.
Rodinia is currently exploring its Clayton Valley project in Nevada, USA, which surrounds the only lithium-brine producer in North America, and its Diablillos project in Salta, Argentina.
Please visit the Company's web site at www.rodiniaminerals.com or write us at info@rodiniaminerals.com. Follow us on Twitter: http://twitter.com/RodiniaLithium.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Company's projects; the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts
Aaron Wolfe
Rodinia Minerals Inc.
Vice President, Corporate Development
+1 (416) 309-2696
www.rodiniaminerals.com
Disclosure: RM is a paid advertising client on Investorideas.com and our mining portals.
Visit the RM showcase profile at Investorideas.com
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Tuesday, May 25, 2010
Tombstone Exploration Corporation (OTCBB:TMBXF) Completes the First Phase of Its 2010 Drill Program
Tombstone Exploration Corporation (OTCBB:TMBXF) Completes the First Phase of Its 2010 Drill Program
PHOENIX, AZ - May 25, 2010 (Investorideas.com Mining Stocks Newswire) - Tombstone Exploration Corp. (OTCBB:TMBXF) announced today that the Company has completed the first round of drilling at its wholly owned property at Tombstone, Arizona. To date, 4,080 feet of drilling has been completed.
Samples have been submitted to a certified laboratory for analysis. Results are expected in a few weeks and additional samples will continue to be submitted. Also during this period, additional geologist investigation has been undertaken to further assess the potential for porphyry copper exploration targets on Tombstone's property. The Company has been in contact with geophysical contractors to develop a plan, budget and timeline for this phase of the project. Planning is ongoing and work may include geochemical surveys as well.
Eurogas Inc. announced last week that it has committed $1,000,000 to Tombstone. The funds will be used for exploration and general corporate expenditures. Eurogas Inc. trades on the U.S. and Frankfurt Stock Exchanges. Eurogas has property to the south of Tombstone's holdings, and the Contention Pit in Tombstone, which is an open pit gold/silver mine operated in the 1980s. An international mining company has also acquired property on the southern border of Tombstone's land holdings.
Alan Brown, CEO of Tombstone, commented, "We are waiting on the results of our first round of drilling. In the meantime, we are planning the next phase of our exploration program, which includes the potential for porphyry copper targets on our land holdings."
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 http://www.tombstonemining.com/.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
Visit the TMBXF showcase profile at Investorideas.com
http://www.investorideas.com/CO/TMBX/
Request News and Info on TMBXF
Published at Investorideas.com and http://www.gold-miningstocks.com/ and www.MiningSectorStocks.com, portals within the InvestorIdeas.com content umbrella
Disclaimer - http://www.investorideas.com/About/Disclaimer.asp
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
PHOENIX, AZ - May 25, 2010 (Investorideas.com Mining Stocks Newswire) - Tombstone Exploration Corp. (OTCBB:TMBXF) announced today that the Company has completed the first round of drilling at its wholly owned property at Tombstone, Arizona. To date, 4,080 feet of drilling has been completed.
Samples have been submitted to a certified laboratory for analysis. Results are expected in a few weeks and additional samples will continue to be submitted. Also during this period, additional geologist investigation has been undertaken to further assess the potential for porphyry copper exploration targets on Tombstone's property. The Company has been in contact with geophysical contractors to develop a plan, budget and timeline for this phase of the project. Planning is ongoing and work may include geochemical surveys as well.
Eurogas Inc. announced last week that it has committed $1,000,000 to Tombstone. The funds will be used for exploration and general corporate expenditures. Eurogas Inc. trades on the U.S. and Frankfurt Stock Exchanges. Eurogas has property to the south of Tombstone's holdings, and the Contention Pit in Tombstone, which is an open pit gold/silver mine operated in the 1980s. An international mining company has also acquired property on the southern border of Tombstone's land holdings.
Alan Brown, CEO of Tombstone, commented, "We are waiting on the results of our first round of drilling. In the meantime, we are planning the next phase of our exploration program, which includes the potential for porphyry copper targets on our land holdings."
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 http://www.tombstonemining.com/.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
Visit the TMBXF showcase profile at Investorideas.com
http://www.investorideas.com/CO/TMBX/
Request News and Info on TMBXF
Published at Investorideas.com and http://www.gold-miningstocks.com/ and www.MiningSectorStocks.com, portals within the InvestorIdeas.com content umbrella
Disclaimer - http://www.investorideas.com/About/Disclaimer.asp
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
Thursday, May 20, 2010
"Gold is on track to achieve its forecast target of at least $1,333 this year -sooner rather than later "
"Gold is on track to achieve its forecast target of at least $1,333 this year -sooner rather than later "
May 20, 2010 ( Investorideas.com mining stocks newswire ) As investors try to navigate uncertain equities and commodities markets , one expert thinks gold is going much higher. The following commentary on gold and the US dollar was part of an article published on Investorideas.com May 18th .
Gold and U.S. Dollar Inverse Trend Myth Busted
By Nadeem Walayat
http://www.marketoracle.co.uk/
Full article - Stocks Bull Market Hits Eurozone Debt Crisis Brick Wall, Forecast Into July 2010 http://www.investorideas.com/news/article/5181.asp
Do you hear the deafening silence amongst the U.S. Dollar doom merchants ? Remember when you were being repeatedly and relentlessly told that it was impossible for the U.S. Dollar and Gold to BOTH Rise together?
It was either Gold will Soar, and the Dollar will Crash, or that the Dollar would rise and Gold would Crash, but never that Gold AND the Dollar would rise together.
Well that's another market consensus myth well and truly busted, and there is little point now AFTER the fact, AFTER Gold and the Dollar have already risen to come to the realisation that okay Gold and the Dollar could rise together.
Gold is on track to achieve its forecast target of at least $1,333 this year (sooner rather than later), whilst it has traded to a new all time high in dollars, that's nothing compared to the levels seen Gold soar to when priced in sterling and euro's. My in depth analysis (02 Nov 2009 - Stocks, Dollar and Gold Bull Markets Inter-market Analysis ) concluded in strong bullish trends for Stocks (9,712), Gold ($1046) AND the U.S. Dollar (76.36), which prompted many emails and comments that my analysis must be wrong as there existed a strong consensus view that Gold, Stocks and the Dollar CANNOT Possibly ALL move in the same direction. Well more than 6 months on, that is another market consensus myth well and truly busted, with many now concluding AFTER THE FACT that perhaps Gold and the Dollar COULD both rise together after all, since which both Gold and the Dollar have appreciated markedly.
The US Dollar bull market has already achieved its long standing target of USD 84, and is on route towards resistance at 89 which I am sure will puzzle many americans reading this as they full well know of the huge amounts of debt that the U.S. Government is busy issuing to finance its own budget deficit, this is the advantage of having the worlds reserve currency and as a consequence of Countries such as the UK and Eurozone adopting panic measures to INFLATE their economies and DEVALUE their DEBT through competitive currency devaluations (See Inflation Mega-trend Ebook - FREE DOWNLOAD ). It increasingly looks like the U.S. Dollar far from crashing as many have iterated during its stealthy rise, may in fact just be getting warmed up for what is to come as the Euro targets PARITY to the Dollar Yes that's right PARITY ! I will seek to update the U.S. Dollar bull market trend to cover the next 6 months within a week or so.
Your existing outside of the box analyst looking to pick-up cheap long-term investments during market panics.
Source: http://www.marketoracle.co.uk/Article19546.html
By Nadeem Walayat
http://www.marketoracle.co.uk/
Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on UK inflation, economy, interest rates and the housing market and he is the author of the NEW Inflation Mega-Trend ebook that can be downloaded for Free. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 500 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk/
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.
About our Mining Portals:www.Gold-MiningStocks.com and www.MiningSectorStocks.com are portals within the InvestorIdeas.com content umbrella, featuring 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.
Join our Mining and Gold Stocks Group on Linkedin.com -Visit and Join the Group on Linkedin.com
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.
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 showcase mining companies, news submissions and online advertising. http://www.investorideas.com/About/Disclaimer.asp
May 20, 2010 ( Investorideas.com mining stocks newswire ) As investors try to navigate uncertain equities and commodities markets , one expert thinks gold is going much higher. The following commentary on gold and the US dollar was part of an article published on Investorideas.com May 18th .
Gold and U.S. Dollar Inverse Trend Myth Busted
By Nadeem Walayat
http://www.marketoracle.co.uk/
Full article - Stocks Bull Market Hits Eurozone Debt Crisis Brick Wall, Forecast Into July 2010 http://www.investorideas.com/news/article/5181.asp
Do you hear the deafening silence amongst the U.S. Dollar doom merchants ? Remember when you were being repeatedly and relentlessly told that it was impossible for the U.S. Dollar and Gold to BOTH Rise together?
It was either Gold will Soar, and the Dollar will Crash, or that the Dollar would rise and Gold would Crash, but never that Gold AND the Dollar would rise together.
Well that's another market consensus myth well and truly busted, and there is little point now AFTER the fact, AFTER Gold and the Dollar have already risen to come to the realisation that okay Gold and the Dollar could rise together.
Gold is on track to achieve its forecast target of at least $1,333 this year (sooner rather than later), whilst it has traded to a new all time high in dollars, that's nothing compared to the levels seen Gold soar to when priced in sterling and euro's. My in depth analysis (02 Nov 2009 - Stocks, Dollar and Gold Bull Markets Inter-market Analysis ) concluded in strong bullish trends for Stocks (9,712), Gold ($1046) AND the U.S. Dollar (76.36), which prompted many emails and comments that my analysis must be wrong as there existed a strong consensus view that Gold, Stocks and the Dollar CANNOT Possibly ALL move in the same direction. Well more than 6 months on, that is another market consensus myth well and truly busted, with many now concluding AFTER THE FACT that perhaps Gold and the Dollar COULD both rise together after all, since which both Gold and the Dollar have appreciated markedly.
The US Dollar bull market has already achieved its long standing target of USD 84, and is on route towards resistance at 89 which I am sure will puzzle many americans reading this as they full well know of the huge amounts of debt that the U.S. Government is busy issuing to finance its own budget deficit, this is the advantage of having the worlds reserve currency and as a consequence of Countries such as the UK and Eurozone adopting panic measures to INFLATE their economies and DEVALUE their DEBT through competitive currency devaluations (See Inflation Mega-trend Ebook - FREE DOWNLOAD ). It increasingly looks like the U.S. Dollar far from crashing as many have iterated during its stealthy rise, may in fact just be getting warmed up for what is to come as the Euro targets PARITY to the Dollar Yes that's right PARITY ! I will seek to update the U.S. Dollar bull market trend to cover the next 6 months within a week or so.
Your existing outside of the box analyst looking to pick-up cheap long-term investments during market panics.
Source: http://www.marketoracle.co.uk/Article19546.html
By Nadeem Walayat
http://www.marketoracle.co.uk/
Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on UK inflation, economy, interest rates and the housing market and he is the author of the NEW Inflation Mega-Trend ebook that can be downloaded for Free. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 500 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk/
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.
About our Mining Portals:www.Gold-MiningStocks.com and www.MiningSectorStocks.com are portals within the InvestorIdeas.com content umbrella, featuring 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.
Join our Mining and Gold Stocks Group on Linkedin.com -Visit and Join the Group on Linkedin.com
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.
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 showcase mining companies, news submissions and online advertising. http://www.investorideas.com/About/Disclaimer.asp
Monday, May 17, 2010
Investorideas.com - Rye Patch Gold Corp. (OTC:RPMGF; TSX.V:RPM) Engages Consultant to Promote Investor Relations
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.
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
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.
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
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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