Investorideas.com - Mining Stocks; YALE (TSX-V: YLL) AMENDS TERMS FOR DOS NACIONES OPTION
Visit this company: www.yaleresources.com
June 30, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to announce that it has agreed to amend its Option Agreement for the Dos Naciones property with partner Del Toro Silver Corp.
Based on the amended terms Del Toro has agreed to issue Yale 150,000 shares in addition to the 200,000 shares as required on or before the first anniversary date of July 7th, 2010 (with all shares subject to the applicable hold periods required by Securities Regulators). Pursuant to the terms of the amended option agreement, Del Toro is required to accrue the $150,000 of expenditures required in the first year of the deal into the second year and therefore has agreed to fund a minimum of $400,000 of expenditures prior to the second anniversary - July 7th, 2011.
Year three obligations of $400,000 of expenditures, the issuance of 250,000 shares on or before July 7th, 2011 and a further 350,000 shares on or before July 7th, 2012 will not change. If Del Toro completes these obligations they will have earned an additional 30% interest to hold an 80% undivided interest in the Dos Naciones property.
The Company has been notified by Del Toro that they intend to continue their work program at Dos Naciones in July. This work is planned to include detailed mapping, trenching and sampling at both the Mina Josefina silver-lead zone and the La Española skarn zone with the goal to delineate drill targets. In addition to planning the upcoming work program, the Company is investigating the opportunity of purchasing detailed exploration data, including drill holes and geophysics from the previous owner of Dos Naciones, Industrias Peñoles.
The Dos Naciones Property:
The 2,391 hectare (23.91 square km) Dos Naciones property is located approximately 160 km northeast of Hermosillo in the heart of Sonora’s porphyry district. Dos Naciones was staked by Yale as the property has the potential for a porphyry-style target. This is evidenced by multiple skarn bodies and silver/lead vein systems occurring in association with a regional magnetic anomaly that measures 2 km in diameter and is coincident with a poorly exposed intrusive body.
About Yale Resources:
Yale Resources 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.
On behalf of the Board,
"Ian Foreman"Ian Foreman, P.Geo.President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale ResourcesCary Martin, 604-678-2531 ext. 223.
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Wednesday, June 30, 2010
Investorideas.com - Mining Stocks; Tombstone Exploration's (OTCBB:TMBXF) Hi-Tech GeoPhysical Program Has Commenced
Investorideas.com - Mining Stocks; Tombstone Exploration's (OTCBB:TMBXF) Hi-Tech GeoPhysical Program Has Commenced
Visit this company: www.tombstonemining.com
PHOENIX, Ariz. - June 30, 2010 (Investorideas.com Mining Stocks Newswire) - Tombstone Exploration Corporation (OTCBB:TMBXF) announced today that the Company has contracted Geotech Ltd. of Ontario, Canada to fly an airborne Z-Axis Tipper Electromagnetic (ZTEM) on its Tombstone, Arizona property. ZTEM was selected for its ability to achieve unparalleled resolution and depth of investigation. The system is well suited to imaging buried porphyry deposits and is capable of gathering data over 6,000 feet (2 kilometers) below ground surface. Geotech arrived at the Tombstone property on Monday, June 28, 2010.
The airborne ZTEM survey will be over 200 line miles and will cover most of the Tombstone district. The data will be interpreted to provide targets for a giant, high-grade porphyry copper - gold deposit that can be mined by open pit or block caving mining methods. Tombstone is situated 25 miles north of the historic Bisbee porphyry copper mine. There are numerous exploration programs ongoing in the region for porphyry copper deposits.
The project is situated 150 miles southeast of the Resolution deposit, which is currently being explored by Rio Tinto, and is reported to contain an Inferred Resource of 1.34 billion tonnes containing 1.51% copper and 0.04% molybdenum. The Tombstone project has two major intrusions (granodiorite and porphyry) underlain by sediments that could host a Resolution style deposit.
Alan Brown, CEO of Tombstone, commented, "The ZTEM is the most advanced technology available for discovering ore bodies at depth. To understand this technology further, please view www.geotech.ca. This technology is used by many of the major mining companies in their exploration programs."
Geotech Ltd. provides full service contract airborne geophysical surveys, data processing and data interpretation. At the present time, Geotech Ltd. offers VTEM (helicopter-borne time-domain electromagnetic), ZTEM and AirMt (measure natural alternating magnetic fields in the audio-frequency range), magnetic, magnetic gradient and gamma-ray spectrometer surveys. Geotech Ltd. operates nine VTEM systems in North America and world-wide, a total of 30. Their clients are mainly from the mineral and petroleum exploration industries. The proprietary, large dipole moment VTEM system, in the six years since its first commercial survey, has become the airborne system of choice by the exploration community. A number of exploration successes have been attributed to VTEM surveys by the exploration companies.
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 14,000 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
Contact:
Tombstone Exploration CorporationAlan M. BrownPresident480-305-4507
Investor Relations:The Eversull Group, Inc.Jack Eversull972-571-1624
Visit the TMBXF showcase profile at Investorideas.com Request News and Info on TMBXF Disclosure, Disclaimer/ TMBXF is a paid advertising client on Investorideas.com and our mining portals.
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More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog: Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Visit this company: www.tombstonemining.com
PHOENIX, Ariz. - June 30, 2010 (Investorideas.com Mining Stocks Newswire) - Tombstone Exploration Corporation (OTCBB:TMBXF) announced today that the Company has contracted Geotech Ltd. of Ontario, Canada to fly an airborne Z-Axis Tipper Electromagnetic (ZTEM) on its Tombstone, Arizona property. ZTEM was selected for its ability to achieve unparalleled resolution and depth of investigation. The system is well suited to imaging buried porphyry deposits and is capable of gathering data over 6,000 feet (2 kilometers) below ground surface. Geotech arrived at the Tombstone property on Monday, June 28, 2010.
The airborne ZTEM survey will be over 200 line miles and will cover most of the Tombstone district. The data will be interpreted to provide targets for a giant, high-grade porphyry copper - gold deposit that can be mined by open pit or block caving mining methods. Tombstone is situated 25 miles north of the historic Bisbee porphyry copper mine. There are numerous exploration programs ongoing in the region for porphyry copper deposits.
The project is situated 150 miles southeast of the Resolution deposit, which is currently being explored by Rio Tinto, and is reported to contain an Inferred Resource of 1.34 billion tonnes containing 1.51% copper and 0.04% molybdenum. The Tombstone project has two major intrusions (granodiorite and porphyry) underlain by sediments that could host a Resolution style deposit.
Alan Brown, CEO of Tombstone, commented, "The ZTEM is the most advanced technology available for discovering ore bodies at depth. To understand this technology further, please view www.geotech.ca. This technology is used by many of the major mining companies in their exploration programs."
Geotech Ltd. provides full service contract airborne geophysical surveys, data processing and data interpretation. At the present time, Geotech Ltd. offers VTEM (helicopter-borne time-domain electromagnetic), ZTEM and AirMt (measure natural alternating magnetic fields in the audio-frequency range), magnetic, magnetic gradient and gamma-ray spectrometer surveys. Geotech Ltd. operates nine VTEM systems in North America and world-wide, a total of 30. Their clients are mainly from the mineral and petroleum exploration industries. The proprietary, large dipole moment VTEM system, in the six years since its first commercial survey, has become the airborne system of choice by the exploration community. A number of exploration successes have been attributed to VTEM surveys by the exploration companies.
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 14,000 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
Contact:
Tombstone Exploration CorporationAlan M. BrownPresident480-305-4507
Investor Relations:The Eversull Group, Inc.Jack Eversull972-571-1624
Visit the TMBXF showcase profile at Investorideas.com Request News and Info on TMBXF Disclosure, Disclaimer/ TMBXF is a paid advertising client on Investorideas.com and our mining portals.
More Info:
The 3 Best Gold Picks for 2010
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog: Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investorideas.com - Mining Stocks; Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) to Commence Trading as Rodinia Lithium Inc. and Announces Mobilization of Drill to Diablillos
Investorideas.com - Mining Stocks; Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) to Commence Trading as Rodinia Lithium Inc. and Announces Mobilization of Drill to Diablillos
Visit this company: www.rodiniaminerals.com
TORONTO, ONTARIO - June 29, 2010 (Investorideas.com Mining stocks Newswire) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM; OTCQX:RDNAF), is pleased to report that as of market open tomorrow, Wednesday, June 30, 2010, the Company's shares will commence trading on the TSX Venture Exchange under its new name, "Rodinia Lithium Inc." The Company previously received shareholder approval for the name change at its Annual General Meeting held on June 10, 2010. The Company's ticker symbols remain unchanged as "RM" on the TSX Venture and "RDNAF" on the OTCQX.
In addition, the Company is pleased to report the mobilization of a reverse circulation ("RC") drill rig to its Salar de Diablillos ("Diablillos" or the "Salar") property. The RC drill and other equipment are setting up on site and drilling is expected to commence this week. All applicable environmental permits and access agreements with surface land holders are in place. Rodinia has established a field camp on the Salar to service the program and ensure efficient work and timely results. Raymond P. Spanjers, MSc. (Geology), Rodinia's Manager of Exploration, and two local geologists who will oversee the drilling program, are on site.
As outlined in the Company's Press Release of June 17, 2010, the drill program will explore across the entire salar with up to 32 drill holes. The Company is finalizing its initial drill targets based on a prioritization of data received from its previous auger drill exploration program and gravity survey results from Quantec Geoscience Argentina S.A., a subsidiary of Quantec Geoscience Ltd. of Toronto, Canada. Rodinia anticipates drilling under this program to occur to depths between 50 and 250 metres. The Company anticipates that results from this drill program will assist to establish a National Instrument 43-101 compliant resource estimate for the Diablillos property.
William Randall, President and CEO, remarked, "The mobilization and startup of our first RC drill program at Diablillos marks a key milestone for the Company and we are excited to get the drill turning. We have developed an extensive program based on a systematic analysis of the data received from gravity surveys and our recently completed auger drill exploration holes. We have prioritized targets for drilling and are prepared to commence the program."
All exploration and drilling initiatives undertaken by Rodinia are supervised by William Randall, MSc. (Geology), the President and CEO 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 milliltres 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 WolfeRodinia Minerals Inc.Vice President, Corporate Development+1 (416) 309-2696www.rodiniaminerals.com
Visit the RM showcase profile at Investorideas.com Request News and Info on RM Disclosure, Disclaimer/ RM is a paid advertising client on Investorideas.com and our mining portals.
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Visit this company: www.rodiniaminerals.com
TORONTO, ONTARIO - June 29, 2010 (Investorideas.com Mining stocks Newswire) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM; OTCQX:RDNAF), is pleased to report that as of market open tomorrow, Wednesday, June 30, 2010, the Company's shares will commence trading on the TSX Venture Exchange under its new name, "Rodinia Lithium Inc." The Company previously received shareholder approval for the name change at its Annual General Meeting held on June 10, 2010. The Company's ticker symbols remain unchanged as "RM" on the TSX Venture and "RDNAF" on the OTCQX.
In addition, the Company is pleased to report the mobilization of a reverse circulation ("RC") drill rig to its Salar de Diablillos ("Diablillos" or the "Salar") property. The RC drill and other equipment are setting up on site and drilling is expected to commence this week. All applicable environmental permits and access agreements with surface land holders are in place. Rodinia has established a field camp on the Salar to service the program and ensure efficient work and timely results. Raymond P. Spanjers, MSc. (Geology), Rodinia's Manager of Exploration, and two local geologists who will oversee the drilling program, are on site.
As outlined in the Company's Press Release of June 17, 2010, the drill program will explore across the entire salar with up to 32 drill holes. The Company is finalizing its initial drill targets based on a prioritization of data received from its previous auger drill exploration program and gravity survey results from Quantec Geoscience Argentina S.A., a subsidiary of Quantec Geoscience Ltd. of Toronto, Canada. Rodinia anticipates drilling under this program to occur to depths between 50 and 250 metres. The Company anticipates that results from this drill program will assist to establish a National Instrument 43-101 compliant resource estimate for the Diablillos property.
William Randall, President and CEO, remarked, "The mobilization and startup of our first RC drill program at Diablillos marks a key milestone for the Company and we are excited to get the drill turning. We have developed an extensive program based on a systematic analysis of the data received from gravity surveys and our recently completed auger drill exploration holes. We have prioritized targets for drilling and are prepared to commence the program."
All exploration and drilling initiatives undertaken by Rodinia are supervised by William Randall, MSc. (Geology), the President and CEO 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 milliltres 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 WolfeRodinia Minerals Inc.Vice President, Corporate Development+1 (416) 309-2696www.rodiniaminerals.com
Visit the RM showcase profile at Investorideas.com Request News and Info on RM Disclosure, Disclaimer/ RM is a paid advertising client on Investorideas.com and our mining portals.
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Tuesday, June 29, 2010
Investorideas.com - The Time Is Nigh For AMI In West Africa
Investorideas.com - The Time Is Nigh For AMI (TSX.V: AMU) In West Africa
Visit this company: www.amiresources.com
By James West and Claire O'ConnorMidasletter.com
June 29, 2010
(Investorideas.com Mining Stocks Newswire) In West Africa, nestled amongst Anglogold Ashanti (NYSE:AU), Newmont Mining (NYSE:NEM) and Goldfields (NYSE:GFI), lies BC based junior AMI Resources (TSX.V: AMU). With animpressive land package in mining friendly Ghana and on-going drill results released from land adjacent to gold-producing Semafo (TSX:SMF) in Niger, AMI is inching closer to being a possibletake over target.
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Regarding ounces, the company has already proven up 327,000 ounces of gold in Ghana and 130,000 ounces in Niger. In January of this year AMI entered into an option agreement withNewmont Mining under which Newmont has the right to earn an initial 51% interest in the 126 sq km Anuoro License by spending US$2 million in work expenditures and property payments duringthe first 3 year period.
The Anuoro License brings with it another 100,000 ounces of gold not yet included in the National Instrument 43-101 report, propelling AMI's ounce count to an impressive half a million.
The Sirba Story
Although more established in Ghana, having spent 13 golden years exploring there, it's AMI's Sirba Gold Projects in Niger that are garnishing all the attention at the moment.
In September 2009, AMI entered into an option agreement with Golden Star Resources Ltd. (TSX:GSC) whereby AMI has the right to earn a 51% interest in Golden Star's Sirba properties byspending US$1,500,000 over a three year period, with a minimum US$250,000 to be spent inyear one. After the initial earn-in, both parties will enter into a Joint Venture agreement.
The Niger properties include the 550 km2 Deba and the 372 km2 Tailkam licenses, both of which border Semafo's Samira Hill mine to the northeast and southwest. The Samira Hill mine consists of several satellite deposits and has been in operation since 2004, with remaining reserves of631,000 ounces and a 1,293,000 ounce measured/indicated resource.
Several gold anomalies on both the Deba and Tialkam properties have been identified duringprevious exploration programs; Barrick Gold Corporation (TSX, NYSE: ABX) conducted a drillingprogram in 1998 and 1999, which was followed up by St-Jude Resources in 2004 and 2005. Golden Star Resources conducted the most recent exploration program in2007 and 2008.
Results
AMI began drilling on the properties in February 2010 and has struck gold on all the targetedzones. According to a press release issued on May 4th, the most recent results from the company's 25 hole initial drill program are as follows:
"On the Tialkam License, eight reverse circulation holes totalling 808m were drilled at theCongo Toure and Tialkam South prospects. The holes drilled at Congo Toure confirm thepresence of gold mineralization in volcanic rocks associated to the gabbroic complex.
The drill holes at Tialkam South, with intersections of 24m at 3.08 grams per tonne, haveconfirmed the mineralization from the historic drill holes, while the intersection of 8m at 1.08 grams per tonne in TSR004 has extended its continuity over 300m to the north east. Two fence lines of RC holes are proposed to confirm the extension along this trend. On the Deba License, seventeen RC holes totalling 1,375m were drilled at Deba Village, Kokoloukou and Sefa Nangue, three of the known prospects on this license. The mainobjective of this program was to confirm and extend the gold mineralization identified inhistoric drill holes.
In the Deba village prospect, soil geochemistry has identified clusters of gold anomalies within an area of approximately 2km in diameter where trenching and drilling encounteredgold mineralization.
At Sefa Nangue the RC drilling encountered several narrow gold intersections, someranging from 10m to 18m. The core drilling in the mid nineties by JapanIntergovernmental Agency (JICA) also intersected a multitude of quart veins oriented EW. JICA reported an NI43-101 non-compliant resource of 2.4 m tons grading 2.06 gramsper tonne gold (137,000 ounces) from 5,126m of core drilling."
AMI Happy And Hopeful
"Our first drill program has returned excellent results and with such a large land packagesurrounding Semafo's Mine we look forward to expanding the gold resources in this area," comments Dustin Elford, AMI President and Director "We've confirmed there are so far 8 targetzones on Deba and another 4 target zones on the Tialkam concession so we have lots ofpotential to find several satellite depsoits on these licenses."
The weather in Niger has been wet, and blessed as that is for the dry soil of Africa, it means nomore drilling for AMI for until after the rainy season. The company is obliged to put drilling on hold there, but work continues at Sirba.
"It's the rainy season in Niger right now and there aren't a lot of bridges to cross the river, so drill rig access is impossible." Elford explains, "But we're still working at Sirba. We've been doing some trenching, some pitting and some drill pad preparation. We expect to beback with the drill program in late August, early September."
Back to Ghana
Meanwhile in Ghana, AMI expects Newmont to commence drilling on the Anuoro license by the3rd quarter of this year. The Anuoro Concession is part of the North Ashanti Gold Project in south-central Ghana and covers approximately 15 km of strike on the highly gold prolific Ashanti trend. With a current National Instrument 43-101-compliant near surface resource of over 327,000 ounces and several additional identified gold zones the North Ashanti Gold Project has the potential for a multi-million ounce gold deposit
Strategically situated on the prolific Ashanti Trend, the project is surrounded by three gold mines: the Konongo Mine adjoins its northern border, the Anglo Gold Ashanti, ± 40 million ounce ObuasiMine is located approximately 50 km to the southwest and Newmont's Akyem deposit (± 8 millionoz ), permitted for 500,000 ounces per year of production, is just 25 km to the southeast.
With Newmont obliged to spend a minimum of US$550,000 in work expenditure and propertypayments in the first year of the Anuoro License agreement, AMI's expectations of drilling before year end are well founded.
Exploring in Africa
When MidasLetter.com asked Elford how exploration in Africa was going for them, the answerwas unequivocally positive.
"Well Ghana is actually pretty stable. A lot of the major companies are there – Newmont, Goldfields, Golden Star, Redback (TSX:RBI) ... There are a lot of mid-tier companiesalready operating mines in Ghana. Niger is new to the gold industry because there's only one producing gold mine in Niger and that's Semafo's Samira Hill. That's been in production since 2004 and Semafoe has just announced that they're going to spend another 19 million dollars in upgrading the mill and on equipment etc… So it looks pretty favourable for AMI, considering we control all the ground on the gold mineralized trend onboth sides of Semafo's mine."
Essentially, regarding Semafo, what this means for AMI is if they find an economic ore body, theycan either make a deal with Semafo to mill the ore or they could simply be bought out by Semafo. Semafo has just raised US$100 million and rumor has it that they have US$50 million solely fornew acquisitions. The way AMI sees it, should Semafo Samira Hill mine run out of ore, AMI is thenext stop on the property train.
The Time Is Nigh for AMI
With a share price ranging from CA$0.08 to CA$0.12, AMI regard themselves as highlyundervalued, and considering the ounces already proven up, the ratio of funds raised to ouncesfound and the company's large land position amoungst the producers, they could be right. If youwant in on AMI, now may be the time to investigate their potential.
Follow the company's progress at www.amiresources.com
DISCLOSURE: A fee has been paid for the production and distribution of this article and as suchshould be viewed in the context of advertising.
Visit the AMU showcase profile at Investorideas.com Request News and Info on AMU Disclosure, Disclaimer/ AMU is a paid advertising client on Investorideas.com and our mining portals.
Visit this company: www.amiresources.com
By James West and Claire O'ConnorMidasletter.com
June 29, 2010
(Investorideas.com Mining Stocks Newswire) In West Africa, nestled amongst Anglogold Ashanti (NYSE:AU), Newmont Mining (NYSE:NEM) and Goldfields (NYSE:GFI), lies BC based junior AMI Resources (TSX.V: AMU). With animpressive land package in mining friendly Ghana and on-going drill results released from land adjacent to gold-producing Semafo (TSX:SMF) in Niger, AMI is inching closer to being a possibletake over target.
The 3 Best Gold Picks for 2010
Regarding ounces, the company has already proven up 327,000 ounces of gold in Ghana and 130,000 ounces in Niger. In January of this year AMI entered into an option agreement withNewmont Mining under which Newmont has the right to earn an initial 51% interest in the 126 sq km Anuoro License by spending US$2 million in work expenditures and property payments duringthe first 3 year period.
The Anuoro License brings with it another 100,000 ounces of gold not yet included in the National Instrument 43-101 report, propelling AMI's ounce count to an impressive half a million.
The Sirba Story
Although more established in Ghana, having spent 13 golden years exploring there, it's AMI's Sirba Gold Projects in Niger that are garnishing all the attention at the moment.
In September 2009, AMI entered into an option agreement with Golden Star Resources Ltd. (TSX:GSC) whereby AMI has the right to earn a 51% interest in Golden Star's Sirba properties byspending US$1,500,000 over a three year period, with a minimum US$250,000 to be spent inyear one. After the initial earn-in, both parties will enter into a Joint Venture agreement.
The Niger properties include the 550 km2 Deba and the 372 km2 Tailkam licenses, both of which border Semafo's Samira Hill mine to the northeast and southwest. The Samira Hill mine consists of several satellite deposits and has been in operation since 2004, with remaining reserves of631,000 ounces and a 1,293,000 ounce measured/indicated resource.
Several gold anomalies on both the Deba and Tialkam properties have been identified duringprevious exploration programs; Barrick Gold Corporation (TSX, NYSE: ABX) conducted a drillingprogram in 1998 and 1999, which was followed up by St-Jude Resources in 2004 and 2005. Golden Star Resources conducted the most recent exploration program in2007 and 2008.
Results
AMI began drilling on the properties in February 2010 and has struck gold on all the targetedzones. According to a press release issued on May 4th, the most recent results from the company's 25 hole initial drill program are as follows:
"On the Tialkam License, eight reverse circulation holes totalling 808m were drilled at theCongo Toure and Tialkam South prospects. The holes drilled at Congo Toure confirm thepresence of gold mineralization in volcanic rocks associated to the gabbroic complex.
The drill holes at Tialkam South, with intersections of 24m at 3.08 grams per tonne, haveconfirmed the mineralization from the historic drill holes, while the intersection of 8m at 1.08 grams per tonne in TSR004 has extended its continuity over 300m to the north east. Two fence lines of RC holes are proposed to confirm the extension along this trend. On the Deba License, seventeen RC holes totalling 1,375m were drilled at Deba Village, Kokoloukou and Sefa Nangue, three of the known prospects on this license. The mainobjective of this program was to confirm and extend the gold mineralization identified inhistoric drill holes.
In the Deba village prospect, soil geochemistry has identified clusters of gold anomalies within an area of approximately 2km in diameter where trenching and drilling encounteredgold mineralization.
At Sefa Nangue the RC drilling encountered several narrow gold intersections, someranging from 10m to 18m. The core drilling in the mid nineties by JapanIntergovernmental Agency (JICA) also intersected a multitude of quart veins oriented EW. JICA reported an NI43-101 non-compliant resource of 2.4 m tons grading 2.06 gramsper tonne gold (137,000 ounces) from 5,126m of core drilling."
AMI Happy And Hopeful
"Our first drill program has returned excellent results and with such a large land packagesurrounding Semafo's Mine we look forward to expanding the gold resources in this area," comments Dustin Elford, AMI President and Director "We've confirmed there are so far 8 targetzones on Deba and another 4 target zones on the Tialkam concession so we have lots ofpotential to find several satellite depsoits on these licenses."
The weather in Niger has been wet, and blessed as that is for the dry soil of Africa, it means nomore drilling for AMI for until after the rainy season. The company is obliged to put drilling on hold there, but work continues at Sirba.
"It's the rainy season in Niger right now and there aren't a lot of bridges to cross the river, so drill rig access is impossible." Elford explains, "But we're still working at Sirba. We've been doing some trenching, some pitting and some drill pad preparation. We expect to beback with the drill program in late August, early September."
Back to Ghana
Meanwhile in Ghana, AMI expects Newmont to commence drilling on the Anuoro license by the3rd quarter of this year. The Anuoro Concession is part of the North Ashanti Gold Project in south-central Ghana and covers approximately 15 km of strike on the highly gold prolific Ashanti trend. With a current National Instrument 43-101-compliant near surface resource of over 327,000 ounces and several additional identified gold zones the North Ashanti Gold Project has the potential for a multi-million ounce gold deposit
Strategically situated on the prolific Ashanti Trend, the project is surrounded by three gold mines: the Konongo Mine adjoins its northern border, the Anglo Gold Ashanti, ± 40 million ounce ObuasiMine is located approximately 50 km to the southwest and Newmont's Akyem deposit (± 8 millionoz ), permitted for 500,000 ounces per year of production, is just 25 km to the southeast.
With Newmont obliged to spend a minimum of US$550,000 in work expenditure and propertypayments in the first year of the Anuoro License agreement, AMI's expectations of drilling before year end are well founded.
Exploring in Africa
When MidasLetter.com asked Elford how exploration in Africa was going for them, the answerwas unequivocally positive.
"Well Ghana is actually pretty stable. A lot of the major companies are there – Newmont, Goldfields, Golden Star, Redback (TSX:RBI) ... There are a lot of mid-tier companiesalready operating mines in Ghana. Niger is new to the gold industry because there's only one producing gold mine in Niger and that's Semafo's Samira Hill. That's been in production since 2004 and Semafoe has just announced that they're going to spend another 19 million dollars in upgrading the mill and on equipment etc… So it looks pretty favourable for AMI, considering we control all the ground on the gold mineralized trend onboth sides of Semafo's mine."
Essentially, regarding Semafo, what this means for AMI is if they find an economic ore body, theycan either make a deal with Semafo to mill the ore or they could simply be bought out by Semafo. Semafo has just raised US$100 million and rumor has it that they have US$50 million solely fornew acquisitions. The way AMI sees it, should Semafo Samira Hill mine run out of ore, AMI is thenext stop on the property train.
The Time Is Nigh for AMI
With a share price ranging from CA$0.08 to CA$0.12, AMI regard themselves as highlyundervalued, and considering the ounces already proven up, the ratio of funds raised to ouncesfound and the company's large land position amoungst the producers, they could be right. If youwant in on AMI, now may be the time to investigate their potential.
Follow the company's progress at www.amiresources.com
DISCLOSURE: A fee has been paid for the production and distribution of this article and as suchshould be viewed in the context of advertising.
Visit the AMU showcase profile at Investorideas.com Request News and Info on AMU Disclosure, Disclaimer/ AMU is a paid advertising client on Investorideas.com and our mining portals.
Monday, June 28, 2010
Investorideas.com - Mining Stocks; YALE (TSX-V: YLL) SAMPLES 2.70 g/t AU AND 529.8 g/t AG OVER 2.10m – IDENTIFIES ANOTHER NEW ZONE AT OROFINO
Investorideas.com - Mining Stocks; YALE (TSX-V: YLL) SAMPLES 2.70 g/t AU AND 529.8 g/t AG OVER 2.10m – IDENTIFIES ANOTHER NEW ZONE AT OROFINO
Visit this company: www.yaleresources.com
June 28, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to announce that ongoing fieldwork at the wholly owned Orofino Project has identified another new mineralized target. This new target is located in the southern portion of a 4.5 by 2.5 kilometre coincident silica and iron-oxide ASTER anomaly located in the approximate centre of the 83 square kilometre project. San Francisco is now the eleventh known mineralized target within the Orofino Project. The highlight sample was 2.1 metres with a weighted average of 2.70 g/t gold and 529.8 g/t silver.
The San Francisco target is on trend with the Quelitoso target, located approximately 1.3 km away, as well as the Santiago Target located an additional 1.5 km away. This now creates a mineralized trend that measures as least 3 kilometres in length.
The San Francisco target is made up of a 30 to 40 metre wide zone of strong oxidation centred on a 5 to 6 metre wide core area of strong silicification and veining. It has been traced in the field for 300 metres along strike and remains open in both directions.
Of note at San Francisco is the absolute lack of any signs of previous sampling, which indicates to Yale management that there is potential to encounter additional workings and/or targets in this portion of the property as it appears to not have been explored by previous companies.
Multiple historic workings exist along this 300 metre portion of the San Francisco target. To date, reconnaissance-style sampling has only been done within these workings. Sampling from this initial reconnaissance sampling returned the following results:
The location of the San Francisco, Quelitoso and Santiago targets appears to be controlled by cross-cutting northwest trending structures. As there are multiple other northwest trending structures, there is very good potential for the identification of additional targets along this greater than 3 km long east-northeast mineralized trend.
Additional potential targets:
The reconnaissance program also identified several additional veins and small workings within the 4.5 by 2.5 kilometre coincident silica and iron-oxide ASTER anomaly. Local anomalous samples will be followed up during the next phase of fieldwork on the property.
The Orofino Project:
The San Francisco Zone is the eleventh known mineralized target within the Orofino Project. The property contains six historic open-pit workings. Although production records are not available, the vendor of the property had small-scale production during the mid-1990s, which produced approximately 60,000 tonnes of ore grading approximately 2 to 4 grams per tonne gold. The Orofino Project is located approximately 135 km southeast of Hermosillo, Sonora State and is approximately 83 square kilometres in size.
Highlights from previous work within the concessions are (see news release dated October 6, November 6, and December 1, 2009):
3.19 g/t gold and 83.2 g/t silver over 30.0 metres from within the La Perla pit;
1.88 g/t gold and 56.8 g/t silver over 10.67 metres from drill hole north of La Perla pit;
3.97 g/t gold over 9.14 metres from drill hole at the El Orofino target
2.27 g/t gold and 13.7 g/t silver over 15.24 metres from drill hole at the El Gato target;
2.53 g/t gold and 29.6 g/t silver over 4.4 metres from excavation at La Perlita West; and
7.79 g/t gold and 173.0 g/t silver over 2.4 metres from excavation at La Perlita North
Ongoing work at Orofino will be aimed at defining drill targets.
Stock Options:
The Company has issued Cary Martin, Manager – Investor Relations 200,000 stock options at $0.10 and will be exercisable until June 20, 2013.
About Yale Resources:
Yale Resources 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.
Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the Orofino Project and is responsible for the technical data mentioned in this news release.
All of the samples mentioned in this release were prepared and analyzed by Inspectorate at their labs in Hermosillo and Vancouver and generally consisted of 2-4 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish. Silver and base metals were analyzed as part of a multi-element ICP package using an aqua regia digestion; samples with more than 100 g/t silver, 1% copper, 1% lead and/or 1% zinc (over limit) were re-analyzed using Inspectorate’s ‘ore grade’ detection limits.
On behalf of the Board,
"Ian Foreman"Ian Foreman, P.Geo.President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Visit the YLL showcase profile at Investorideas.com Request News and Info on YLL Disclosure, Disclaimer/ YLL is a paid advertising client on Investorideas.com and our mining portals.
The 3 Best Gold Picks for 2010
Visit this company: www.yaleresources.com
June 28, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to announce that ongoing fieldwork at the wholly owned Orofino Project has identified another new mineralized target. This new target is located in the southern portion of a 4.5 by 2.5 kilometre coincident silica and iron-oxide ASTER anomaly located in the approximate centre of the 83 square kilometre project. San Francisco is now the eleventh known mineralized target within the Orofino Project. The highlight sample was 2.1 metres with a weighted average of 2.70 g/t gold and 529.8 g/t silver.
The San Francisco target is on trend with the Quelitoso target, located approximately 1.3 km away, as well as the Santiago Target located an additional 1.5 km away. This now creates a mineralized trend that measures as least 3 kilometres in length.
The San Francisco target is made up of a 30 to 40 metre wide zone of strong oxidation centred on a 5 to 6 metre wide core area of strong silicification and veining. It has been traced in the field for 300 metres along strike and remains open in both directions.
Of note at San Francisco is the absolute lack of any signs of previous sampling, which indicates to Yale management that there is potential to encounter additional workings and/or targets in this portion of the property as it appears to not have been explored by previous companies.
Multiple historic workings exist along this 300 metre portion of the San Francisco target. To date, reconnaissance-style sampling has only been done within these workings. Sampling from this initial reconnaissance sampling returned the following results:
The location of the San Francisco, Quelitoso and Santiago targets appears to be controlled by cross-cutting northwest trending structures. As there are multiple other northwest trending structures, there is very good potential for the identification of additional targets along this greater than 3 km long east-northeast mineralized trend.
Additional potential targets:
The reconnaissance program also identified several additional veins and small workings within the 4.5 by 2.5 kilometre coincident silica and iron-oxide ASTER anomaly. Local anomalous samples will be followed up during the next phase of fieldwork on the property.
The Orofino Project:
The San Francisco Zone is the eleventh known mineralized target within the Orofino Project. The property contains six historic open-pit workings. Although production records are not available, the vendor of the property had small-scale production during the mid-1990s, which produced approximately 60,000 tonnes of ore grading approximately 2 to 4 grams per tonne gold. The Orofino Project is located approximately 135 km southeast of Hermosillo, Sonora State and is approximately 83 square kilometres in size.
Highlights from previous work within the concessions are (see news release dated October 6, November 6, and December 1, 2009):
3.19 g/t gold and 83.2 g/t silver over 30.0 metres from within the La Perla pit;
1.88 g/t gold and 56.8 g/t silver over 10.67 metres from drill hole north of La Perla pit;
3.97 g/t gold over 9.14 metres from drill hole at the El Orofino target
2.27 g/t gold and 13.7 g/t silver over 15.24 metres from drill hole at the El Gato target;
2.53 g/t gold and 29.6 g/t silver over 4.4 metres from excavation at La Perlita West; and
7.79 g/t gold and 173.0 g/t silver over 2.4 metres from excavation at La Perlita North
Ongoing work at Orofino will be aimed at defining drill targets.
Stock Options:
The Company has issued Cary Martin, Manager – Investor Relations 200,000 stock options at $0.10 and will be exercisable until June 20, 2013.
About Yale Resources:
Yale Resources 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.
Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the Orofino Project and is responsible for the technical data mentioned in this news release.
All of the samples mentioned in this release were prepared and analyzed by Inspectorate at their labs in Hermosillo and Vancouver and generally consisted of 2-4 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish. Silver and base metals were analyzed as part of a multi-element ICP package using an aqua regia digestion; samples with more than 100 g/t silver, 1% copper, 1% lead and/or 1% zinc (over limit) were re-analyzed using Inspectorate’s ‘ore grade’ detection limits.
On behalf of the Board,
"Ian Foreman"Ian Foreman, P.Geo.President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Visit the YLL showcase profile at Investorideas.com Request News and Info on YLL Disclosure, Disclaimer/ YLL is a paid advertising client on Investorideas.com and our mining portals.
The 3 Best Gold Picks for 2010
Thursday, June 24, 2010
Investorideas.com - Soltera Mining (OTC:SLTA.PK; FRANKFURT:SN7) and Goldlake Group Signed an Agreement to Explore and Develop Gold Production on the El Torno Project in Argentina
Investorideas.com - Soltera Mining (OTC:SLTA.PK; FRANKFURT:SN7) and Goldlake Group Signed an Agreement to Explore and Develop Gold Production on the El Torno Project in Argentina
Soltera Mining (OTC:SLTA.PK; FRANKFURT:SN7) and Goldlake Group Signed an Agreement to Explore and Develop Gold Production on the El Torno Project in Argentina
Subscribe to Investor Ideas Gold & Mining News
Visit this company: www.solteramining.com
JUJUY, ARGENTINA - June 23, 2010 - Dr. Fabio Montanari, President and CEO of Soltera Mining Corp. (OTC:SLTA.PK; FRANKFURT:SN7), is pleased to announce that Soltera has signed an agreement with Goldlake Group, a world leader in the production of natural/ethical gold from alluvial deposits in Honduras, Central America. The first objective of the agreement is to develop eluvial gold production from the El Torno property in northern Argentina.
The 3 Best Gold Picks for 2010
This agreement has strategic value for both companies because on the one hand, it enables Soltera Mining to continue pursuing its goals of exploring and developing its flagship gold project El Torno through partnership with a mining entity with a solid reputation and, on the other hand, it allows the Goldlake Group to develop a new project concerned with the production of natural/ethical gold in line with the agreement to supply Cartier that has been active for one year.
full article - Investorideas.com - Soltera Mining (OTC:SLTA.PK; FRANKFURT:SN7) and Goldlake Group Signed an Agreement to Explore and Develop Gold Production on the El Torno Project in Argentina
Soltera Mining (OTC:SLTA.PK; FRANKFURT:SN7) and Goldlake Group Signed an Agreement to Explore and Develop Gold Production on the El Torno Project in Argentina
Subscribe to Investor Ideas Gold & Mining News
Visit this company: www.solteramining.com
JUJUY, ARGENTINA - June 23, 2010 - Dr. Fabio Montanari, President and CEO of Soltera Mining Corp. (OTC:SLTA.PK; FRANKFURT:SN7), is pleased to announce that Soltera has signed an agreement with Goldlake Group, a world leader in the production of natural/ethical gold from alluvial deposits in Honduras, Central America. The first objective of the agreement is to develop eluvial gold production from the El Torno property in northern Argentina.
The 3 Best Gold Picks for 2010
This agreement has strategic value for both companies because on the one hand, it enables Soltera Mining to continue pursuing its goals of exploring and developing its flagship gold project El Torno through partnership with a mining entity with a solid reputation and, on the other hand, it allows the Goldlake Group to develop a new project concerned with the production of natural/ethical gold in line with the agreement to supply Cartier that has been active for one year.
full article - Investorideas.com - Soltera Mining (OTC:SLTA.PK; FRANKFURT:SN7) and Goldlake Group Signed an Agreement to Explore and Develop Gold Production on the El Torno Project in Argentina
Investorideas.com - Kitcommentary from Kitco Metals Inc. - "Hen(e)ry Hawks Routed From Roost?"
Investorideas.com - Kitcommentary from Kitco Metals Inc. - "Hen(e)ry Hawks Routed From Roost?"
Jon NadlerSenior Analyst
Kitco Metals Inc.
Thursday - June 24, 2010
Category: Investment, Gold, Mining
Subscribe to Investor Ideas Gold & Mining News
Visit this company: www.kitco.com
Good Morning,
(Investorideas.com Mining stocks newswire) The Fed's inaction on interest rates gave further indications that it is still preoccupied with falling prices rather than the opposite. The unsurprising announcement came on the back of coincidental statistical data release showing a 33% cratering in new home sales. Coupled with an anemic private sector payroll situation, the above factors prompted the FOMC to reaffirm its 'extended period' stance. A stance of a different kind was once again exhibited by dissenting Fed policy maker Thomas Hoenig, who warned that the asset bubbles being created by virtually free money could have unwelcome consequences.
The 3 Best Gold Picks for 2010
Worries that the European market theatre drama could make a limited-engagement run on the US stage were also expressed during the Fed meeting, albeit the effects of such a contagion were deemed as 'modest' if in fact the US were to become infected. More of a concern for the US central bank is the potential for a misfire in the global economic recovery's engine, at this point.
Such renewed apprehensions were seen denting European as well as US stock futures this very morning. A similar set of worries undermined crude oil prices as the trading day got underway. Risk appetite thus became truncated and the dollar picked up in value, edging closer to 86 on the index. However, the same type of safe-haven bid did not materialize in gold for a change this morning.
New York spot metals dealings opened under liquidation pressure as the dollar's strength finally restored some of the inverse relationship (vis a vis gold) that had been lacking for several weeks now. Thus, gold opened with an $8.10 per ounce decline at $1229.20 amid global growth jitters and further position-squaring as the month draws to a close. On the technical side of things, the bulls may still be flying the ruling banner, but several worrisome momentum studies previously cited in these columns were further corroborated by Monday's observations in Merv Burak's weekly posting (here on Kitco).
Merv noted that "the [gold] momentum indicator has been continually showing a loss of strength on each successive move into new highs since reaching its peak in 2006. This latest gold move into new highs has not yet been confirmed by the momentum indicator. It remains below its level from the previous Dec high. The momentum cannot keep losing strength on each move. At some point it must either start to improve by moving above previous peaks or the strength of the moves will go negative."
He also cautioned that "the other indicator that is not all that positive is the daily (or weekly) volume action. The daily volume going into this week's high prices is considerably below the volume that moved gold into its highs in mid-May or into its previous highs last Dec. Moving into new high territory with decreasing volume activity is never a bullish sign."
US jobless claims fell more than expected, and so did durable goods orders. The data set engendered pared losses in both crude oil and gold shortly after it was released, once again underscoring the extent to which sentiment related to growth or contraction in the economy remains firmly in the driver's seat of markets and on participants' minds.
Silver opened with an 18 cent per ounce drop, and was quoted at $18.33 bid this morning. A hefty $28 fall in platinum and a fairly sizeable $11 decline in palladium were on tap for the start of the trading day. Meanwhile rhodium remained steady at $2390.00 the ounce after having gained a modest $10 during the previous trading day. Overnight gold purchases in India were fairly scarce once again as locals appeared to be holding out for more sizeable declines in gold prices before taking the wallet-thinning plunge. Perhaps this morning's dip in the yellow metal to under $1230 might offer some inducement to shoppers.
Other shoppers (of the US variety) are already being lured with price cuts by Wal-Mart and other retail giants, but they still appear not to be taking the bait due to the jobs picture and an uncertain mood. Such consumption anemia was just one of the worry factors that were manifest in the 'fine print' of the Fed announcement on Wednesday. Whether or not the anticipated price hikes to be baked into Chinese-sourced products in the wake of the yuan's quasi-de-pegging from the greenback will materialize or be 'subsidized' by chain store 'incentives' remains to be seen. America needs to get shopping as economists see it, and the Fed concurs.
Gold miners all over Oz sported huge but perhaps premature grins this morning as Ms. Julia Gillard –the country's first female PM- took office and pledged to repair damaged relations with them. The proposed-and highly controversial 40% tax on mining profits is seen as having cost PM Kevin Rudd his job as the mining industry 'leaned' on every conceivable channel to avert it. A blitzkrieg of anti-tax ads and other opinion-shaping devices were unleashed in order to prevent such a measure from becoming reality.
The country's largest industry can now declare 'success' in this battle, but only for the moment, and only as it applies to having removed one knight from the chess board. The Aussie government's pledge to bring the country's budget into surplus by 2013 by definition implies that some form of super profits tax is still in the cards for the miners. It is about how much, in what form, and when – not IF. Especially since Ms. Gillard has appointed the principal advocate of the "Henry Tax" –Mr. Swan as her Deputy PM. The 'swan' song for this tax scheme, well, all that can be said is that it has not (yet) been sung.
Today's summation comes from jovial George. Gero, that is. Fellow (but much more optimistic) Hungarian. RBC resident guru. Always curious. Says he:
"Thinning volume, book-squaring and today's options expirations could lead to more volatile gold prices as well as just the lack of buyers in the summer."[We] can't find new bullish news," says George Gero, vice president of global futures at RBC Capital Markets. "We hit $1,250 three times. But the technical picture is still $1,175 support and $1,250 resistance for now."
Meanwhile, the editor of Stock Traders Daily, Thomas Kee Jr. observes that safe haven plays are possibly running on fumes:
"A short while ago, it did not seem that interest rates would remain low for very much longer. Now, US treasuries have almost become a speculative instrument. This is a major concern. We all understand why investors are looking for a safe haven. The risks are real, investors had been afraid of Europe, and the United States will probably never default, unlike other countries.
Europe's fears are taming, for a while, and that should have brought with it a lesser demand for Treasuries. I now consider a flight to safety to be quite speculative. Every blip on the radar sees a rash of money into US treasuries. Immediately, there is a bubble in both the treasury market and the gold market (GLD). My analysis tells me that this is largely due to smaller investors at this stage in the cycle."
Happy (Careful)Trading. Beware of month-end related potholes as well as sharp turns. $20 moves should not surprise just when action appears to be most lethargic.
Jon NadlerSenior AnalystKitco Metals Inc.North AmericaUS & Canada Toll Free: 1 (877) 839-8036Websites: www.kitco.com and www.kitco.cnBlog: http://www.kitco.com/ind/index.html#nadlerE-mail: jnadler@kitco.com
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Jon NadlerSenior Analyst
Kitco Metals Inc.
Thursday - June 24, 2010
Category: Investment, Gold, Mining
Subscribe to Investor Ideas Gold & Mining News
Visit this company: www.kitco.com
Good Morning,
(Investorideas.com Mining stocks newswire) The Fed's inaction on interest rates gave further indications that it is still preoccupied with falling prices rather than the opposite. The unsurprising announcement came on the back of coincidental statistical data release showing a 33% cratering in new home sales. Coupled with an anemic private sector payroll situation, the above factors prompted the FOMC to reaffirm its 'extended period' stance. A stance of a different kind was once again exhibited by dissenting Fed policy maker Thomas Hoenig, who warned that the asset bubbles being created by virtually free money could have unwelcome consequences.
The 3 Best Gold Picks for 2010
Worries that the European market theatre drama could make a limited-engagement run on the US stage were also expressed during the Fed meeting, albeit the effects of such a contagion were deemed as 'modest' if in fact the US were to become infected. More of a concern for the US central bank is the potential for a misfire in the global economic recovery's engine, at this point.
Such renewed apprehensions were seen denting European as well as US stock futures this very morning. A similar set of worries undermined crude oil prices as the trading day got underway. Risk appetite thus became truncated and the dollar picked up in value, edging closer to 86 on the index. However, the same type of safe-haven bid did not materialize in gold for a change this morning.
New York spot metals dealings opened under liquidation pressure as the dollar's strength finally restored some of the inverse relationship (vis a vis gold) that had been lacking for several weeks now. Thus, gold opened with an $8.10 per ounce decline at $1229.20 amid global growth jitters and further position-squaring as the month draws to a close. On the technical side of things, the bulls may still be flying the ruling banner, but several worrisome momentum studies previously cited in these columns were further corroborated by Monday's observations in Merv Burak's weekly posting (here on Kitco).
Merv noted that "the [gold] momentum indicator has been continually showing a loss of strength on each successive move into new highs since reaching its peak in 2006. This latest gold move into new highs has not yet been confirmed by the momentum indicator. It remains below its level from the previous Dec high. The momentum cannot keep losing strength on each move. At some point it must either start to improve by moving above previous peaks or the strength of the moves will go negative."
He also cautioned that "the other indicator that is not all that positive is the daily (or weekly) volume action. The daily volume going into this week's high prices is considerably below the volume that moved gold into its highs in mid-May or into its previous highs last Dec. Moving into new high territory with decreasing volume activity is never a bullish sign."
US jobless claims fell more than expected, and so did durable goods orders. The data set engendered pared losses in both crude oil and gold shortly after it was released, once again underscoring the extent to which sentiment related to growth or contraction in the economy remains firmly in the driver's seat of markets and on participants' minds.
Silver opened with an 18 cent per ounce drop, and was quoted at $18.33 bid this morning. A hefty $28 fall in platinum and a fairly sizeable $11 decline in palladium were on tap for the start of the trading day. Meanwhile rhodium remained steady at $2390.00 the ounce after having gained a modest $10 during the previous trading day. Overnight gold purchases in India were fairly scarce once again as locals appeared to be holding out for more sizeable declines in gold prices before taking the wallet-thinning plunge. Perhaps this morning's dip in the yellow metal to under $1230 might offer some inducement to shoppers.
Other shoppers (of the US variety) are already being lured with price cuts by Wal-Mart and other retail giants, but they still appear not to be taking the bait due to the jobs picture and an uncertain mood. Such consumption anemia was just one of the worry factors that were manifest in the 'fine print' of the Fed announcement on Wednesday. Whether or not the anticipated price hikes to be baked into Chinese-sourced products in the wake of the yuan's quasi-de-pegging from the greenback will materialize or be 'subsidized' by chain store 'incentives' remains to be seen. America needs to get shopping as economists see it, and the Fed concurs.
Gold miners all over Oz sported huge but perhaps premature grins this morning as Ms. Julia Gillard –the country's first female PM- took office and pledged to repair damaged relations with them. The proposed-and highly controversial 40% tax on mining profits is seen as having cost PM Kevin Rudd his job as the mining industry 'leaned' on every conceivable channel to avert it. A blitzkrieg of anti-tax ads and other opinion-shaping devices were unleashed in order to prevent such a measure from becoming reality.
The country's largest industry can now declare 'success' in this battle, but only for the moment, and only as it applies to having removed one knight from the chess board. The Aussie government's pledge to bring the country's budget into surplus by 2013 by definition implies that some form of super profits tax is still in the cards for the miners. It is about how much, in what form, and when – not IF. Especially since Ms. Gillard has appointed the principal advocate of the "Henry Tax" –Mr. Swan as her Deputy PM. The 'swan' song for this tax scheme, well, all that can be said is that it has not (yet) been sung.
Today's summation comes from jovial George. Gero, that is. Fellow (but much more optimistic) Hungarian. RBC resident guru. Always curious. Says he:
"Thinning volume, book-squaring and today's options expirations could lead to more volatile gold prices as well as just the lack of buyers in the summer."[We] can't find new bullish news," says George Gero, vice president of global futures at RBC Capital Markets. "We hit $1,250 three times. But the technical picture is still $1,175 support and $1,250 resistance for now."
Meanwhile, the editor of Stock Traders Daily, Thomas Kee Jr. observes that safe haven plays are possibly running on fumes:
"A short while ago, it did not seem that interest rates would remain low for very much longer. Now, US treasuries have almost become a speculative instrument. This is a major concern. We all understand why investors are looking for a safe haven. The risks are real, investors had been afraid of Europe, and the United States will probably never default, unlike other countries.
Europe's fears are taming, for a while, and that should have brought with it a lesser demand for Treasuries. I now consider a flight to safety to be quite speculative. Every blip on the radar sees a rash of money into US treasuries. Immediately, there is a bubble in both the treasury market and the gold market (GLD). My analysis tells me that this is largely due to smaller investors at this stage in the cycle."
Happy (Careful)Trading. Beware of month-end related potholes as well as sharp turns. $20 moves should not surprise just when action appears to be most lethargic.
Jon NadlerSenior AnalystKitco Metals Inc.North AmericaUS & Canada Toll Free: 1 (877) 839-8036Websites: www.kitco.com and www.kitco.cnBlog: http://www.kitco.com/ind/index.html#nadlerE-mail: jnadler@kitco.com
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Published at www.Investorideas.com - Global research by sectors
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Investorideas.com - Mining Stocks; Tombstone Exploration Corporation (OTCBB:TMBXF) Starts Review of Large Data File Detailing Mineral-Rich Eagleville Gold Property in Mineral County, Nevada
Investorideas.com - Mining Stocks; Tombstone Exploration Corporation (OTCBB:TMBXF) Starts Review of Large Data File Detailing Mineral-Rich Eagleville Gold Property in Mineral County, Nevada
Visit this company: www.tombstonemining.com
PHOENIX, Ariz. - June 24, 2010 (Investorideas.com Mining Stocks Newswire) - Tombstone Exploration Corp. (OTCBB:TMBXF) announced previously on June 21st that, through its wholly-owned subsidiary, American Eagle Minerals Inc., the Company has closed a lease agreement on the Eagleville property in Mineral County, Nevada. Eagleville is located along the northeast boundary of the Walker Lane structural zone in the Regent-Rawhide Mining District, Mineral County, Nevada. Terms of the agreement include a lease to purchase provision, after the term of the 10-year lease has passed.
The 3 Best Gold Picks for 2010
The Eagleville Property represents a paradigm shift for Tombstone Exploration. It is a gold rich prospect located in the prolific Walker Lane Structural belt that hosts bonanza grade mineralization such as seen at Goldfield, Round Mountain and Paradise Peak gold districts of Nevada.
By acquiring a mid-stage gold exploration project, the Company has the opportunity to immediately utilize a comprehensive database to develop exploration strategies and efficiently apply them. The property has historically produced multi-ounce gold ore and chemical grade barite ore from over two miles of underground workings.
As the value of gold rises, so does that of silver; now with both precious metals in its inventory, Tombstone Exploration is poised to take advantage of their increase in value. No official production records exist from the early mining activities at Eagleville, however records indicate the average grade of ore was approximately 1 to 2 ounces gold per ton.
The gold bearing quartz vein deposits at Eagleville were historically developed along 8,000 feet of underground workings. The vein systems found on the property may represent the upper level of the mineralized system. Gold mineralization found in the historic workings may continue beneath the sulphide horizon, the limit of the historic workings.
Additional work is being planned to explore the extension of the Eagleville mineralized systems under the adjacent overburden. As well, the existing data will be reanalyzed and additional field work completed to gain further insight into the geological environment at the Eagleville Mine.
Alan M. Brown, CEO of Tombstone, commented, "The exploration and development already completed on the Eagleville property are incredible. We are currently forming a team of professionals to execute our exploration activities as we plan our best strategy for development."
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 14 000 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
Contact:
Tombstone Exploration CorporationAlan M. BrownPresident480-305-4507
Investor Relations:The Eversull Group, Inc.Jack Eversull972-571-1624
Visit the TMBXF showcase profile at Investorideas.com Request News and Info on TMBXF Disclosure, Disclaimer/ TMBXF is a paid advertising client on Investorideas.com and our mining portals.
More Info:
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Visit this company: www.tombstonemining.com
PHOENIX, Ariz. - June 24, 2010 (Investorideas.com Mining Stocks Newswire) - Tombstone Exploration Corp. (OTCBB:TMBXF) announced previously on June 21st that, through its wholly-owned subsidiary, American Eagle Minerals Inc., the Company has closed a lease agreement on the Eagleville property in Mineral County, Nevada. Eagleville is located along the northeast boundary of the Walker Lane structural zone in the Regent-Rawhide Mining District, Mineral County, Nevada. Terms of the agreement include a lease to purchase provision, after the term of the 10-year lease has passed.
The 3 Best Gold Picks for 2010
The Eagleville Property represents a paradigm shift for Tombstone Exploration. It is a gold rich prospect located in the prolific Walker Lane Structural belt that hosts bonanza grade mineralization such as seen at Goldfield, Round Mountain and Paradise Peak gold districts of Nevada.
By acquiring a mid-stage gold exploration project, the Company has the opportunity to immediately utilize a comprehensive database to develop exploration strategies and efficiently apply them. The property has historically produced multi-ounce gold ore and chemical grade barite ore from over two miles of underground workings.
As the value of gold rises, so does that of silver; now with both precious metals in its inventory, Tombstone Exploration is poised to take advantage of their increase in value. No official production records exist from the early mining activities at Eagleville, however records indicate the average grade of ore was approximately 1 to 2 ounces gold per ton.
The gold bearing quartz vein deposits at Eagleville were historically developed along 8,000 feet of underground workings. The vein systems found on the property may represent the upper level of the mineralized system. Gold mineralization found in the historic workings may continue beneath the sulphide horizon, the limit of the historic workings.
Additional work is being planned to explore the extension of the Eagleville mineralized systems under the adjacent overburden. As well, the existing data will be reanalyzed and additional field work completed to gain further insight into the geological environment at the Eagleville Mine.
Alan M. Brown, CEO of Tombstone, commented, "The exploration and development already completed on the Eagleville property are incredible. We are currently forming a team of professionals to execute our exploration activities as we plan our best strategy for development."
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 14 000 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
Contact:
Tombstone Exploration CorporationAlan M. BrownPresident480-305-4507
Investor Relations:The Eversull Group, Inc.Jack Eversull972-571-1624
Visit the TMBXF showcase profile at Investorideas.com Request News and Info on TMBXF Disclosure, Disclaimer/ TMBXF is a paid advertising client on Investorideas.com and our mining portals.
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Published at www.Investorideas.com - Global research by sectors
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Sunday, June 20, 2010
Investorideas.com Lithium Stocks Directory added to Stock Directories for www.gold-miningstocks.com and www.renewableenergystocks.com
Investorideas.com Lithium Stocks Directory added to Stock Directories for http://www.gold-miningstocks.com/
and http://www.renewableenergystocks.com/
June 20 2010 – (Investorideas.com Mining Stocks Newswire) InvestorIdeas.com leading mining portal (http://www.gold-miningstocks.com/ ) and global green investor portal (http://www.renewableenergystocks.com/ ) announce the addition of a new category listing for publicly traded lithium companies with the current global stock directories.
Investorideas.com stock directories are known as some of the most comprehensive stock directories online for independent investor research. The mining stocks directory, features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks, Lithium Stocks and Precious Metals listed on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Partial preview of Lithium Stocks Directory:
AKA Ventures Inc. (TSX: AKA.V)
Ashburton Ventures Inc. (TSX: ABR.V)
Avalon Rare Metals Inc. (TSX: AVL.TO)
Canada Lithium Corp. (TSX: CLQ.V
Canadian Orebodies Inc. (TSX: CO.V)
Champion Bear Resources Ltd. (TSX: CBA.V)
Consolidated Spire Ventures Ltd. (TSX: CZS.V)
Cornerstone Capital Resources Inc. (TSX: CGP.V)
Dios Exploration Inc. (TSX: DOS.V
Encore Renaissance Resources Corp. (TSX: EZ.V)
Etna Resources Inc. (TSX: ETN.V)
Everton Resources (TSX: EVR.V.)
North Arrow Minerals Inc. (TSX: NAR.V)
Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF)
Western Lithium USA Corporation (TSX: WLC.V)
The lithium stocks directory has been added to the Investor Ideas members login page and will be added to the stock directory in PDF for July .
Showcase Lithium Stock - Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF)
“Lithium for a Green Future “
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.
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 part of the 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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and http://www.renewableenergystocks.com/
June 20 2010 – (Investorideas.com Mining Stocks Newswire) InvestorIdeas.com leading mining portal (http://www.gold-miningstocks.com/ ) and global green investor portal (http://www.renewableenergystocks.com/ ) announce the addition of a new category listing for publicly traded lithium companies with the current global stock directories.
Investorideas.com stock directories are known as some of the most comprehensive stock directories online for independent investor research. The mining stocks directory, features Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks, Lithium Stocks and Precious Metals listed on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Partial preview of Lithium Stocks Directory:
AKA Ventures Inc. (TSX: AKA.V)
Ashburton Ventures Inc. (TSX: ABR.V)
Avalon Rare Metals Inc. (TSX: AVL.TO)
Canada Lithium Corp. (TSX: CLQ.V
Canadian Orebodies Inc. (TSX: CO.V)
Champion Bear Resources Ltd. (TSX: CBA.V)
Consolidated Spire Ventures Ltd. (TSX: CZS.V)
Cornerstone Capital Resources Inc. (TSX: CGP.V)
Dios Exploration Inc. (TSX: DOS.V
Encore Renaissance Resources Corp. (TSX: EZ.V)
Etna Resources Inc. (TSX: ETN.V)
Everton Resources (TSX: EVR.V.)
North Arrow Minerals Inc. (TSX: NAR.V)
Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF)
Western Lithium USA Corporation (TSX: WLC.V)
The lithium stocks directory has been added to the Investor Ideas members login page and will be added to the stock directory in PDF for July .
Showcase Lithium Stock - Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF)
“Lithium for a Green Future “
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.
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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About our Gold and Mining Investor Portals:
http://www.gold-miningstocks.com/ and http://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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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 Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) is part of the 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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Gold Stocks; Bison Gold Resources Inc (TSX. V:BGE) Provides Exploration Update
Gold Stocks; Bison Gold Resources Inc (TSX. V:BGE) Provides Exploration Update
TORONTO, ONTARIO--Gold Stocks; ( http://www.investorideas.com/ gold and mining stocks blog ) - Bison Gold Resources Inc. (TSX VENTURE:BGE) is pleased to provide an update on the Company's current and future exploration activities.
Apex Property
Bison Gold has mobilized a field crew and commenced the second phase of a comprehensive exploration program on their Apex Gold Property near Snow Lake, Manitoba. The work includes detailed geological and structural mapping on the Apex Deposit, areas of known historical gold occurrences and high priority magnetic anomalies outlined by the Company's 2009 high resolution airborne magnetic survey. As well, a property-wide reconnaissance prospecting, lithogeochemical and soil sampling program will be completed. This will include the new claims staked by the company this past spring (see press release dated May 12, 2010). An Induced Polarization (IP)/Resistivity is scheduled to commence later in the summer.
Central Manitoba Property
The Company has mobilized a field crew and commenced an exploration program of prospecting, detailed geological and structural mapping, and lithogeochemical and soil sampling on the Central Manitoba Property near Bissett, Manitoba. The program will evaluate previously under-explored areas of the Property, re-evaluate known gold-bearing structures and investigate possible extensions of these structures.
The Company is currently awaiting fire assay and geochemistry results from diamond drilling on the Ogama-Rockland and Valley Vein gold-bearing structures. Results are expected within the next several weeks and will be released after receipt from the assay lab.
"The results from the summer field programs, in consort with a critical review and examination of historical data should enable Bison Gold technical personnel to identify and prioritize drill targets on potential gold-bearing structures and trends for each Property", stated David Benson P.Geo, V.P. Exploration for Bison Gold.
All exploration activities for Bison Gold are under the supervision and guidance of David C. Benson, P.Geo, and a Qualified Person under NI 43-101.
About Bison Gold
Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold, base metal and rare element exploration with property assets in Canada. Further details can be found on Bison Gold's website at http://www.bisongold.com/.
THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS REGARDING THE TIMING AND CONTENT OF UPCOMING PROGRAMS AND MAY BE SUBJECT TO REGULATORY APPROVAL. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CURRENTLY ANTICIPATED IN SUCH STATEMENTS.
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.
For more information, please contact
Bison Gold Resources Inc.
Mr. Lucas Ewart
CEO
(416) 488-2590
http://www.bisongold.com/
_________________________________________________________________
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TORONTO, ONTARIO--Gold Stocks; ( http://www.investorideas.com/ gold and mining stocks blog ) - Bison Gold Resources Inc. (TSX VENTURE:BGE) is pleased to provide an update on the Company's current and future exploration activities.
Apex Property
Bison Gold has mobilized a field crew and commenced the second phase of a comprehensive exploration program on their Apex Gold Property near Snow Lake, Manitoba. The work includes detailed geological and structural mapping on the Apex Deposit, areas of known historical gold occurrences and high priority magnetic anomalies outlined by the Company's 2009 high resolution airborne magnetic survey. As well, a property-wide reconnaissance prospecting, lithogeochemical and soil sampling program will be completed. This will include the new claims staked by the company this past spring (see press release dated May 12, 2010). An Induced Polarization (IP)/Resistivity is scheduled to commence later in the summer.
Central Manitoba Property
The Company has mobilized a field crew and commenced an exploration program of prospecting, detailed geological and structural mapping, and lithogeochemical and soil sampling on the Central Manitoba Property near Bissett, Manitoba. The program will evaluate previously under-explored areas of the Property, re-evaluate known gold-bearing structures and investigate possible extensions of these structures.
The Company is currently awaiting fire assay and geochemistry results from diamond drilling on the Ogama-Rockland and Valley Vein gold-bearing structures. Results are expected within the next several weeks and will be released after receipt from the assay lab.
"The results from the summer field programs, in consort with a critical review and examination of historical data should enable Bison Gold technical personnel to identify and prioritize drill targets on potential gold-bearing structures and trends for each Property", stated David Benson P.Geo, V.P. Exploration for Bison Gold.
All exploration activities for Bison Gold are under the supervision and guidance of David C. Benson, P.Geo, and a Qualified Person under NI 43-101.
About Bison Gold
Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold, base metal and rare element exploration with property assets in Canada. Further details can be found on Bison Gold's website at http://www.bisongold.com/.
THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS REGARDING THE TIMING AND CONTENT OF UPCOMING PROGRAMS AND MAY BE SUBJECT TO REGULATORY APPROVAL. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CURRENTLY ANTICIPATED IN SUCH STATEMENTS.
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.
For more information, please contact
Bison Gold Resources Inc.
Mr. Lucas Ewart
CEO
(416) 488-2590
http://www.bisongold.com/
_________________________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog: Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Gold Stocks; Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC) Announces Acquisition of Outstanding 30% of Louvem Approved by Louvem Shareholders
Gold Stocks; Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC) Announces Acquisition of Outstanding 30% of Louvem Approved by Louvem Shareholders
MONTREAL, QUEBEC, CANADA--Gold Stocks; ( http://www.investorideas.com/ gold and mining stocks blog ) - Richmont Mines Inc. ("Richmont" or the "Company") (TSX:RIC)(NYSE Amex:RIC) is pleased to announce that its proposed acquisition of 30% of the issued and outstanding shares of Louvem Mines Inc. ("Louvem") (TSX Venture Exchange: LOV) not currently owned by Richmont, through an amalgamation (the "Transaction"), has been approved by the shareholders of Louvem at an annual and special meeting of the shareholders of Louvem held earlier today.
The TSX Venture Exchange, TSX and NYSE Amex have conditionally approved the listing of the shares to be issued pursuant to the Transaction, subject to customary conditions.
Pursuant to the Transaction, Louvem and 9222 - 0383 Québec Inc., a wholly owned subsidiary of Richmont, will amalgamate under Part IA of the Companies Act (Quebec) and the shareholders of Louvem will ultimately receive one share of Richmont for each 5.4 shares of Louvem held. Richmont expects to issue approximately 1.4 million common shares during the week of July 5, 2010.
Subject to customary closing conditions, Richmont expects the Transaction to be completed on or before June 30, 2010.
About Richmont Mines Inc.
Richmont has produced over 1,000,000 ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. With extensive experience in gold exploration, development and mining, the Company is well positioned to cost-effectively build its North American reserve base through a combination of organic growth, strategic acquisitions and partnerships. Richmont routinely posts news and other important information on its website (http://www.richmont-mines.com/).
For more information, please contact
Investor Relations:
Jennifer Aitken
RICHMONT MINES INC.
514-397-1410
jaitken@richmont-mines.com
______________________________________________________________-
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
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MONTREAL, QUEBEC, CANADA--Gold Stocks; ( http://www.investorideas.com/ gold and mining stocks blog ) - Richmont Mines Inc. ("Richmont" or the "Company") (TSX:RIC)(NYSE Amex:RIC) is pleased to announce that its proposed acquisition of 30% of the issued and outstanding shares of Louvem Mines Inc. ("Louvem") (TSX Venture Exchange: LOV) not currently owned by Richmont, through an amalgamation (the "Transaction"), has been approved by the shareholders of Louvem at an annual and special meeting of the shareholders of Louvem held earlier today.
The TSX Venture Exchange, TSX and NYSE Amex have conditionally approved the listing of the shares to be issued pursuant to the Transaction, subject to customary conditions.
Pursuant to the Transaction, Louvem and 9222 - 0383 Québec Inc., a wholly owned subsidiary of Richmont, will amalgamate under Part IA of the Companies Act (Quebec) and the shareholders of Louvem will ultimately receive one share of Richmont for each 5.4 shares of Louvem held. Richmont expects to issue approximately 1.4 million common shares during the week of July 5, 2010.
Subject to customary closing conditions, Richmont expects the Transaction to be completed on or before June 30, 2010.
About Richmont Mines Inc.
Richmont has produced over 1,000,000 ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. With extensive experience in gold exploration, development and mining, the Company is well positioned to cost-effectively build its North American reserve base through a combination of organic growth, strategic acquisitions and partnerships. Richmont routinely posts news and other important information on its website (http://www.richmont-mines.com/).
For more information, please contact
Investor Relations:
Jennifer Aitken
RICHMONT MINES INC.
514-397-1410
jaitken@richmont-mines.com
______________________________________________________________-
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Gold / Copper Stocks; Bellhaven (TSX.V:BHV)Announces Vice President of Exploration to Continue as Consultant to the La Mina Porphyry Gold-(Copper) Project, Colombia
Gold / Copper Stocks; Bellhaven (TSX.V:BHV) Announces Vice President of Exploration to Continue as Consultant to the La Mina Porphyry Gold-(Copper) Project, Colombia
Preparations Being Made for Upcoming Drilling Program
PANAMA, REPUBLIC OF PANAMA-- Gold / Copper Stocks ( http://www.investorideas.com/ gold and mining stocks blog ) Bellhaven Copper & Gold, Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is pleased to announce that Mr. Eugénio Espada will continue to provide technical guidance and expertise to Bellhaven's 100%-controlled La Mina porphyry gold-(copper) project, Colombia, as a full-time consultant while resigning from his post as vice president of exploration. This management change will allow Mr. Espada to focus exclusively on geology and exploration and not on management issues.
Paul Zweng, Bellhaven's Interim CEO and Director, commented as follows:
"We are excited to work with Eugénio in his new role as a consultant to Bellhaven regarding the La Mina project. He has a strong passion towards completing geologic work at the highest standard, and this change in role will better serve that end.
He is currently constructing new geological cross sections which will facilitate the positioning of the initial round of drill holes in the upcoming drilling campaign. Further, he will be evaluating other prospective targets within the concession, including the Middle, North, and El Limon targets. In these efforts, he will continue to work with our other geologists at La Mina as Bellhaven moves forward with the exploration of the concession."
About the La Mina porphyry Au-(Cu) prospect
La Mina (also known as Venecia) lies within the Middle Cauca belt of Miocene-age volcano-plutonic rocks in central Colombia known to host large porphyry gold deposits such as La Colosa (12.9 Moz Au contained in 468 Mt @ 0.86 g/t Au; AngloGold Ashanti), Titiribi (3.7 Moz Au contained in 230 Mt @ 0.5 g/t Au; Sunward Resources), Quebradona (AngloGold Ashanti – B2Gold), Quinchia (Batero Gold), and Yarumalito (Colombian Mines), as well as large epithermal gold districts such as Marmato (7.5 Moz Au contained in 245 Mt @ 0.95 g/t Au; Medoro Resources).
The concession was staked in 2002 based on Ingeominas government reports showing the presence of gold in the area. AngloGold Ashanti signed a deal for the concession in the mid 2000's and then completed mapping, stream-sediment, and rock/trench sampling surveys by mid 2005. This work led to the discovery of the La Mina porphyry Au-(Cu) prospect. AngloGold Ashanti in June 2006 formed a joint-venture company, Avasca Ventures, with Bema Gold (which later was acquired by Kinross Gold) to explore La Mina and other prospects. In mid 2006, Avasca Ventures drilled six holes into the La Mina porphyry (see Tables 2 and 3). On February 26, 2007, Bema's interests in La Mina were assigned to B2Gold Corporation. At the end of 2007, a detailed regional airborne magnetic/radiometric survey was completed over the concession and neighboring ground. The magnetic/radiometric survey was then followed by additional auger soil and rock geochemical sampling programs over the airborne magnetic anomalies in early 2008. The property was returned to the concession owner in December, 2008.
As previously mentioned, the joint-venture partnership drilled six holes into a single target, the La Mina porphyry (now called the La Cantera target), with Holes 2 and 5 yielding 90+ m intercepts of greater than 1 g/t Au and significant copper at shallow depths. Drill-holes 4 and 6 also contained significant values located near the surface. In hindsight, Holes 1 and 3 were drilled off target and failed to deliver significant intercepts.
The most important host rocks observed in drill core include the Combia Formation intermediate volcanic rocks as well as early, intra- and post-mineral diorite porphyry. Alteration is typical of gold porphyry deposits as exemplified by a potassic-calcic core surrounded by sericitic, intermediate argillic, and propyllitic alteration zones. Specifically, most of the gold and copper discovered so far at La Mina is spatially associated with quartz-magnetite-chalcopyrite+/-bornite veinlets in potassic altered porphyry and breccias containing elevated quantities of hydrothermal magnetite. As a result, the gold-bearing rocks are highly magnetic (ca.200x10-3SI) which creates a sharp contrast with the barren and weakly magnetic intermediate argillically altered rocks as well as the non-magnetic sericitically altered rocks that surround the potassic core.
About Bellhaven
Bellhaven Copper & Gold, Inc., is a Canadian-listed (TSX VENTURE:BHV) exploration company exploring for gold and copper in Panama and Colombia. The Company's objective is to become among the best gold-copper companies operating in Panama and Colombia by discovering, acquiring, and developing high-quality resources in a safe and responsible manner to the benefit of all of its stakeholders.
The Company's principal assets include the La Mina porphyry gold-(copper) project in the Middle Cauca belt of Colombia, the high-sulphidation epithermal gold-(copper) and porphyry copper prospects located on the Azuero Peninsula in Panama, and the La Ventura prospect in the San Lucas gold belt in northeastern Colombia. In addition, Bellhaven controls 100% of the Cerro Quema gold-(copper) project also located on the Azuero Peninsula in Panama. The Company announced a letter of intent (LOI) with Pershimco Resources (TSX-V: PRO) on January 4th, 2010, to develop Cerro Quema, whereby Pershimco can earn up to a 75% equity interest in the project, through payments and project spending of US$18.5 million, and can acquire an additional 10% interest for US$5 million.
On behalf of the board of directors,
Paul L. Zweng, Interim CEO & Director
BELLHAVEN COPPER & GOLD INC.
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.
For more information, please contact
Bellhaven Copper & Gold Inc.
Paul Zweng, CEO/Director
Corporate Contact in North America
+1-808-377-1947
or
Bellhaven Copper & Gold Inc.
Julio Benedetti, President/Director
Corporate Contact in Panama
Int'l No: +507-226-3967
http://www.bellhavencg.com/
________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/
and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Preparations Being Made for Upcoming Drilling Program
PANAMA, REPUBLIC OF PANAMA-- Gold / Copper Stocks ( http://www.investorideas.com/ gold and mining stocks blog ) Bellhaven Copper & Gold, Inc. (TSX VENTURE:BHV) ("Bellhaven" or the "Company") is pleased to announce that Mr. Eugénio Espada will continue to provide technical guidance and expertise to Bellhaven's 100%-controlled La Mina porphyry gold-(copper) project, Colombia, as a full-time consultant while resigning from his post as vice president of exploration. This management change will allow Mr. Espada to focus exclusively on geology and exploration and not on management issues.
Paul Zweng, Bellhaven's Interim CEO and Director, commented as follows:
"We are excited to work with Eugénio in his new role as a consultant to Bellhaven regarding the La Mina project. He has a strong passion towards completing geologic work at the highest standard, and this change in role will better serve that end.
He is currently constructing new geological cross sections which will facilitate the positioning of the initial round of drill holes in the upcoming drilling campaign. Further, he will be evaluating other prospective targets within the concession, including the Middle, North, and El Limon targets. In these efforts, he will continue to work with our other geologists at La Mina as Bellhaven moves forward with the exploration of the concession."
About the La Mina porphyry Au-(Cu) prospect
La Mina (also known as Venecia) lies within the Middle Cauca belt of Miocene-age volcano-plutonic rocks in central Colombia known to host large porphyry gold deposits such as La Colosa (12.9 Moz Au contained in 468 Mt @ 0.86 g/t Au; AngloGold Ashanti), Titiribi (3.7 Moz Au contained in 230 Mt @ 0.5 g/t Au; Sunward Resources), Quebradona (AngloGold Ashanti – B2Gold), Quinchia (Batero Gold), and Yarumalito (Colombian Mines), as well as large epithermal gold districts such as Marmato (7.5 Moz Au contained in 245 Mt @ 0.95 g/t Au; Medoro Resources).
The concession was staked in 2002 based on Ingeominas government reports showing the presence of gold in the area. AngloGold Ashanti signed a deal for the concession in the mid 2000's and then completed mapping, stream-sediment, and rock/trench sampling surveys by mid 2005. This work led to the discovery of the La Mina porphyry Au-(Cu) prospect. AngloGold Ashanti in June 2006 formed a joint-venture company, Avasca Ventures, with Bema Gold (which later was acquired by Kinross Gold) to explore La Mina and other prospects. In mid 2006, Avasca Ventures drilled six holes into the La Mina porphyry (see Tables 2 and 3). On February 26, 2007, Bema's interests in La Mina were assigned to B2Gold Corporation. At the end of 2007, a detailed regional airborne magnetic/radiometric survey was completed over the concession and neighboring ground. The magnetic/radiometric survey was then followed by additional auger soil and rock geochemical sampling programs over the airborne magnetic anomalies in early 2008. The property was returned to the concession owner in December, 2008.
As previously mentioned, the joint-venture partnership drilled six holes into a single target, the La Mina porphyry (now called the La Cantera target), with Holes 2 and 5 yielding 90+ m intercepts of greater than 1 g/t Au and significant copper at shallow depths. Drill-holes 4 and 6 also contained significant values located near the surface. In hindsight, Holes 1 and 3 were drilled off target and failed to deliver significant intercepts.
The most important host rocks observed in drill core include the Combia Formation intermediate volcanic rocks as well as early, intra- and post-mineral diorite porphyry. Alteration is typical of gold porphyry deposits as exemplified by a potassic-calcic core surrounded by sericitic, intermediate argillic, and propyllitic alteration zones. Specifically, most of the gold and copper discovered so far at La Mina is spatially associated with quartz-magnetite-chalcopyrite+/-bornite veinlets in potassic altered porphyry and breccias containing elevated quantities of hydrothermal magnetite. As a result, the gold-bearing rocks are highly magnetic (ca.200x10-3SI) which creates a sharp contrast with the barren and weakly magnetic intermediate argillically altered rocks as well as the non-magnetic sericitically altered rocks that surround the potassic core.
About Bellhaven
Bellhaven Copper & Gold, Inc., is a Canadian-listed (TSX VENTURE:BHV) exploration company exploring for gold and copper in Panama and Colombia. The Company's objective is to become among the best gold-copper companies operating in Panama and Colombia by discovering, acquiring, and developing high-quality resources in a safe and responsible manner to the benefit of all of its stakeholders.
The Company's principal assets include the La Mina porphyry gold-(copper) project in the Middle Cauca belt of Colombia, the high-sulphidation epithermal gold-(copper) and porphyry copper prospects located on the Azuero Peninsula in Panama, and the La Ventura prospect in the San Lucas gold belt in northeastern Colombia. In addition, Bellhaven controls 100% of the Cerro Quema gold-(copper) project also located on the Azuero Peninsula in Panama. The Company announced a letter of intent (LOI) with Pershimco Resources (TSX-V: PRO) on January 4th, 2010, to develop Cerro Quema, whereby Pershimco can earn up to a 75% equity interest in the project, through payments and project spending of US$18.5 million, and can acquire an additional 10% interest for US$5 million.
On behalf of the board of directors,
Paul L. Zweng, Interim CEO & Director
BELLHAVEN COPPER & GOLD INC.
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.
For more information, please contact
Bellhaven Copper & Gold Inc.
Paul Zweng, CEO/Director
Corporate Contact in North America
+1-808-377-1947
or
Bellhaven Copper & Gold Inc.
Julio Benedetti, President/Director
Corporate Contact in Panama
Int'l No: +507-226-3967
http://www.bellhavencg.com/
________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/
and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Gold Stocks; Tirex Exploration (TSX. V:TXX) Update
Gold Stocks; Tirex Exploration (TSX. V:TXX) Update
VANCOUVER, BRITISH COLUMBIA--- Gold Stocks ; ( http://www.investorideas.com/ gold and mining stocks blog ) Tirex Resources Ltd. (TSX VENTURE:TXX) -
2 holes of recently initiated drill program complete
Assays received on Drill Hole MR10-58
Hole MR10-59 intersects mineralization in new area of property, assays pending
Tirex Resources is pleased to provide an update on the company's drill program at the Mirdita VMS District located in Albania.
Drill holes MR10-58 and MR10-59, located 1.7km apart, both intersected mineralization in new areas of the property. MR10-58, drilled in the Lisi Pass East target area, intersected 21m of highly silicified breccias with local disseminated sphalerite. The hole penetrated a thick mélange unit (313m) that prevented most previous drilling from testing the favourable volcanic sequence. Assays received from this hole, include 2.1m of 0.4 g/t gold.
Drill hole MR10-59 was a pure exploration hole drilled in the Bari Pass South area of the property. The hole was drilled to a depth of 623m. This was the first hole in an area of significant interest to Tirex, located beyond previous drilling. The area has been identified by Tirex as highly prospective through extensive fieldwork. In 2008 and 2009, geological mapping and geochemical rock sampling revealed an abundance of altered and chemically distinctive felsic volcanic rocks, gossans and iron formation that are commonly associated with sulphide mineralization in other VMS mining districts. Significant exploration related features include the recognition of multiple felsic volcanic centres, an abundance of felsic volcanic rocks with the same chemical affinity as those associated with the high grade-deposits in the Letitna to Koshaj corridor to the south and the overprinting of felsic volcanic centres and flanking volcanic rocks by moderate to intense hydrothermal alteration. This felsic-dominated terrain is up to 500 meters thick and has a north-south strike length of approximately 2.0 kilometres. These lithological features and the temporal relationships between volcanism and alteration that have been identified in the South Bari Pass area are similar to other VMS districts that host major precious metal bearing copper-zinc deposits elsewhere.
Drill hole MR10-59 intersected a thick felsic unit with scattered disseminated sphalerite and pyrite. Assays are pending. The hole has been left open with plans to probe it with a borehole geophysical system. Additionally, the core will be analysed for whole rock elements which in combination with the borehole survey, will allow Tirex to plan additional drilling to vector in on any potential nearby mineral deposits.
20,000 Metres Drilled To Date by Tirex at Mirdita
Since the company's arrival in Albania, Tirex has completed approximately 20,000 metres of core drilling at Mirdita in 64 holes. Tirex drill holes at Mirdita in the areas Koshaj, South Gurthi and Letitna intersected wide zones of robust and precious metal rich VMS mineralization. Tirex has recently engaged an independent Canadian Consultant to model those deposits and to make recommendations on future drilling required to define these deposits according to National Instrument 43-101 reporting standards. Additional to this advanced stage work, Tirex has conducted significant regional exploration including more than 2,520 line kilometres of airborne EM and magnetic geophysics, more than 150 km of Induced Polarization geophysics and more than 60km of ground Electromagnetic surveys. More than 600 rock and core samples have been subjected to regional rock geochemistry and whole rock element analyses, and more than 18 months of detailed geological and structural mapping has been completed. Armed with data from this extensive exploration, Tirex is now conducting a two-fold program of advancing known deposits such as Koshaj, South Gurthi and Letitna towards NI43-101 compliant deposit definition and potential production while concurrently conducting pure exploration with discovery potential.
Tirex currently has EUR 2 million (approximately $2,600,000) undrawn under the terms of its facility with the European Bank for Reconstruction and Development ("EBRD"). The company must raise cumulative matching equity prior to making the draw and has cumulatively raised approximately $1,900,000 towards this next draw in previous financings. Therefore, the company must raise approximately $700,000 in additional equity and then will be qualified to draw down the next $2,600,000 funding tranche from the EBRD (see Tirex News Release, October 8th, 2008 for full details on this facility).
John Nicholson, P.Geo., Mirdita Project Manager and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.
Further details on the company and the Mirdita Project including a location map for the reported drill holes can be found on the Tirex website at http://www.tirexresources.com/.
ON BEHALF OF TIREX RESOURCES LTD.
"Bryan J.R. Slusarchuk"
CEO and Director
Forward-Looking Statements. This Tirex News Release may contain certain "forward-looking" statements and information relating to Tirex that are based on the beliefs of Tirex management, as well as assumptions made by and information currently available to Tirex management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.
"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 news release."
For more information, please contact
Tirex Resources Ltd.
Bryan J.R. Slusarchuk
CEO and Director
(604) 687-7160 or Toll Free: 1-877-687-7160
(604) 687-7165 (FAX)
info@TirexResources.com
http://www.tirexresources.com/
____________________________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
VANCOUVER, BRITISH COLUMBIA--- Gold Stocks ; ( http://www.investorideas.com/ gold and mining stocks blog ) Tirex Resources Ltd. (TSX VENTURE:TXX) -
2 holes of recently initiated drill program complete
Assays received on Drill Hole MR10-58
Hole MR10-59 intersects mineralization in new area of property, assays pending
Tirex Resources is pleased to provide an update on the company's drill program at the Mirdita VMS District located in Albania.
Drill holes MR10-58 and MR10-59, located 1.7km apart, both intersected mineralization in new areas of the property. MR10-58, drilled in the Lisi Pass East target area, intersected 21m of highly silicified breccias with local disseminated sphalerite. The hole penetrated a thick mélange unit (313m) that prevented most previous drilling from testing the favourable volcanic sequence. Assays received from this hole, include 2.1m of 0.4 g/t gold.
Drill hole MR10-59 was a pure exploration hole drilled in the Bari Pass South area of the property. The hole was drilled to a depth of 623m. This was the first hole in an area of significant interest to Tirex, located beyond previous drilling. The area has been identified by Tirex as highly prospective through extensive fieldwork. In 2008 and 2009, geological mapping and geochemical rock sampling revealed an abundance of altered and chemically distinctive felsic volcanic rocks, gossans and iron formation that are commonly associated with sulphide mineralization in other VMS mining districts. Significant exploration related features include the recognition of multiple felsic volcanic centres, an abundance of felsic volcanic rocks with the same chemical affinity as those associated with the high grade-deposits in the Letitna to Koshaj corridor to the south and the overprinting of felsic volcanic centres and flanking volcanic rocks by moderate to intense hydrothermal alteration. This felsic-dominated terrain is up to 500 meters thick and has a north-south strike length of approximately 2.0 kilometres. These lithological features and the temporal relationships between volcanism and alteration that have been identified in the South Bari Pass area are similar to other VMS districts that host major precious metal bearing copper-zinc deposits elsewhere.
Drill hole MR10-59 intersected a thick felsic unit with scattered disseminated sphalerite and pyrite. Assays are pending. The hole has been left open with plans to probe it with a borehole geophysical system. Additionally, the core will be analysed for whole rock elements which in combination with the borehole survey, will allow Tirex to plan additional drilling to vector in on any potential nearby mineral deposits.
20,000 Metres Drilled To Date by Tirex at Mirdita
Since the company's arrival in Albania, Tirex has completed approximately 20,000 metres of core drilling at Mirdita in 64 holes. Tirex drill holes at Mirdita in the areas Koshaj, South Gurthi and Letitna intersected wide zones of robust and precious metal rich VMS mineralization. Tirex has recently engaged an independent Canadian Consultant to model those deposits and to make recommendations on future drilling required to define these deposits according to National Instrument 43-101 reporting standards. Additional to this advanced stage work, Tirex has conducted significant regional exploration including more than 2,520 line kilometres of airborne EM and magnetic geophysics, more than 150 km of Induced Polarization geophysics and more than 60km of ground Electromagnetic surveys. More than 600 rock and core samples have been subjected to regional rock geochemistry and whole rock element analyses, and more than 18 months of detailed geological and structural mapping has been completed. Armed with data from this extensive exploration, Tirex is now conducting a two-fold program of advancing known deposits such as Koshaj, South Gurthi and Letitna towards NI43-101 compliant deposit definition and potential production while concurrently conducting pure exploration with discovery potential.
Tirex currently has EUR 2 million (approximately $2,600,000) undrawn under the terms of its facility with the European Bank for Reconstruction and Development ("EBRD"). The company must raise cumulative matching equity prior to making the draw and has cumulatively raised approximately $1,900,000 towards this next draw in previous financings. Therefore, the company must raise approximately $700,000 in additional equity and then will be qualified to draw down the next $2,600,000 funding tranche from the EBRD (see Tirex News Release, October 8th, 2008 for full details on this facility).
John Nicholson, P.Geo., Mirdita Project Manager and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.
Further details on the company and the Mirdita Project including a location map for the reported drill holes can be found on the Tirex website at http://www.tirexresources.com/.
ON BEHALF OF TIREX RESOURCES LTD.
"Bryan J.R. Slusarchuk"
CEO and Director
Forward-Looking Statements. This Tirex News Release may contain certain "forward-looking" statements and information relating to Tirex that are based on the beliefs of Tirex management, as well as assumptions made by and information currently available to Tirex management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.
"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 news release."
For more information, please contact
Tirex Resources Ltd.
Bryan J.R. Slusarchuk
CEO and Director
(604) 687-7160 or Toll Free: 1-877-687-7160
(604) 687-7165 (FAX)
info@TirexResources.com
http://www.tirexresources.com/
____________________________________________________________________
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Mining Stocks ; West Kirkland Mining (TSX .V:WKM) Announces Closing of Private Placement
Mining Stocks ; West Kirkland Mining (TSX .V:WKM) Announces Closing of Private Placement
VANCOUVER, BRITISH COLUMBIA--Mining stocks; ( http://www.investorideas.com/ gold and mining blog ) - West Kirkland Mining Inc. "WKM" (TSX VENTURE:WKM) announces the closing of a private placement announced June 1, 2010. The Company has issued 100,000 units ("Units") at a price of $0.75 per Unit for gross proceeds of $75,000. Each Unit consists of one common share of the Company and one common share purchase warrant exercisable at a price of $1.25 per warrant until June 17, 2011. The securities issued by way of this placement will be subject to a four-month hold period in compliance with NI 45-102.
This private placement was purchased by Company Vice President of Exploration Michael Allen. The net proceeds of the placement will be added to the Company's working capital position.
The Company is making preparations to drill on the Kirkland Lake properties starting in late July and the Goldstorm property located on the Carlin Trend in Nevada starting in mid-August.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Disclaimer for Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding proposed exploration activities. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for gold or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's Filing Statement dated March 31, 2010 for a more complete discussion of such risk factors and their potential effects, a copy of which may be accessed through the Company's page on SEDAR at www.sedar.com.
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.
___________________________________________________________________
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VANCOUVER, BRITISH COLUMBIA--Mining stocks; ( http://www.investorideas.com/ gold and mining blog ) - West Kirkland Mining Inc. "WKM" (TSX VENTURE:WKM) announces the closing of a private placement announced June 1, 2010. The Company has issued 100,000 units ("Units") at a price of $0.75 per Unit for gross proceeds of $75,000. Each Unit consists of one common share of the Company and one common share purchase warrant exercisable at a price of $1.25 per warrant until June 17, 2011. The securities issued by way of this placement will be subject to a four-month hold period in compliance with NI 45-102.
This private placement was purchased by Company Vice President of Exploration Michael Allen. The net proceeds of the placement will be added to the Company's working capital position.
The Company is making preparations to drill on the Kirkland Lake properties starting in late July and the Goldstorm property located on the Carlin Trend in Nevada starting in mid-August.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Disclaimer for Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding proposed exploration activities. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for gold or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's Filing Statement dated March 31, 2010 for a more complete discussion of such risk factors and their potential effects, a copy of which may be accessed through the Company's page on SEDAR at www.sedar.com.
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.
___________________________________________________________________
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Gold Stocks ; Valdez Gold (TSX.V:VAZ) to Sell Its Los Jarros and Jarros Norte Properties in Chihuahua, Mexico to Gammon Gold
Gold Stocks ; Valdez Gold (TSX.V:VAZ) to Sell Its Los Jarros and Jarros Norte Properties in Chihuahua, Mexico to Gammon Gold
TORONTO, ONTARIO--Gold Stocks; ( http://www.investorideas.com/ , gold and mining stocks blog) - Valdez Gold Inc. (TSX.V:VAZ) ("Valdez" or the "Company") is pleased to announce that it has signed a letter of intent with Gammon Gold Inc. (GAM-TSX:GRS-NYSE, or "Gammon") pursuant to which the parties agree to negotiate in good faith a definitive agreement whereby Gammon will have the right to acquire Valdez' Los Jarros and Jarros Norte Properties (the "Properties") in Chihuahua, Mexico by making successive payments over a four year period aggregating US $2.5 million. The required option payments would be as follows:
Option Payment Date Amount
Upon execution of the Definitive Agreement: US$ 50,000
12 Months after execution of Definitive Agreement: US$ 100,000
24 Months after execution of Definitive Agreement: US$ 250,000
36 Months after execution of Definitive Agreement: US$ 400,000
48 Months after execution of Definitive Agreement: US$ 1,700,000
Total Option Payments: US$ 2,500,000
In addition, should Gammon initiate commercial production from the Properties, Gammon would pay a royalty to Valdez equal to 2.0% of the Net Smelter Returns ("NSR") from such production. Should the cumulative royalty payments to Valdez reach US$2,500,000, the NSR would be reduced to a 1% NSR that would be paid so long as there is commercial production from the Properties.
This proposed transaction will allow the Company to focus its efforts and resources on the Flume Property located near Dawson City, Yukon and the Bluff Project on the Seward Peninsula in Alaska, but still retain an interest in any future success Gammon may have on the Properties. Company management continues to seek opportunities in acquiring and/or investing in properties in Mexico and elsewhere that have a good potential in developing into a major asset for the Company.
Completion of the transaction contemplated in this release is subject to certain conditions including, without limitation, completion of satisfactory due diligence by Gammon with respect to the properties, execution of a definitive purchase agreement and receipt of all necessary regulatory approvals.
This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any mineral that may be produced, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitability, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including any technical reports filed with respect to the Company's mineral properties. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
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.
_____________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/
and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here
TORONTO, ONTARIO--Gold Stocks; ( http://www.investorideas.com/ , gold and mining stocks blog) - Valdez Gold Inc. (TSX.V:VAZ) ("Valdez" or the "Company") is pleased to announce that it has signed a letter of intent with Gammon Gold Inc. (GAM-TSX:GRS-NYSE, or "Gammon") pursuant to which the parties agree to negotiate in good faith a definitive agreement whereby Gammon will have the right to acquire Valdez' Los Jarros and Jarros Norte Properties (the "Properties") in Chihuahua, Mexico by making successive payments over a four year period aggregating US $2.5 million. The required option payments would be as follows:
Option Payment Date Amount
Upon execution of the Definitive Agreement: US$ 50,000
12 Months after execution of Definitive Agreement: US$ 100,000
24 Months after execution of Definitive Agreement: US$ 250,000
36 Months after execution of Definitive Agreement: US$ 400,000
48 Months after execution of Definitive Agreement: US$ 1,700,000
Total Option Payments: US$ 2,500,000
In addition, should Gammon initiate commercial production from the Properties, Gammon would pay a royalty to Valdez equal to 2.0% of the Net Smelter Returns ("NSR") from such production. Should the cumulative royalty payments to Valdez reach US$2,500,000, the NSR would be reduced to a 1% NSR that would be paid so long as there is commercial production from the Properties.
This proposed transaction will allow the Company to focus its efforts and resources on the Flume Property located near Dawson City, Yukon and the Bluff Project on the Seward Peninsula in Alaska, but still retain an interest in any future success Gammon may have on the Properties. Company management continues to seek opportunities in acquiring and/or investing in properties in Mexico and elsewhere that have a good potential in developing into a major asset for the Company.
Completion of the transaction contemplated in this release is subject to certain conditions including, without limitation, completion of satisfactory due diligence by Gammon with respect to the properties, execution of a definitive purchase agreement and receipt of all necessary regulatory approvals.
This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, business and financing plans and business trends. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any mineral that may be produced, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitability, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including any technical reports filed with respect to the Company's mineral properties. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
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.
_____________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/
and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here
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