Investorideas.com - Mining Stocks; AMI Resources Inc. (TSX.V:AMU) - NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C. - October 25, 2010 (Investorideas.com Mining Stocks Newswire) - The Company (AMI Resources Inc. - TSX-V Symbol AMU) has agreed to a non-brokered private placement to issue up to 10 million units at the price of $0.15 per Unit, for maximum gross proceeds of $1,500,000.
The Units will consist of one common share and one-half share purchase warrant (the Warrants). Each whole Warrant shall entitle the holder to purchase an additional common share of the company at a price of $0.25 per share for a period of one year from the date of closing. If after four months and one day following the closing and until the expiry date of the Warrants, the closing price of the company's shares exceeds $0.50 for 10 consecutive days, the company will be able to accelerate the expiry of the Warrants to the date that is 30 days after the notice of the new expiry date is provided to the holders of the Warrants.
A finder's fee in connection with this offering may be paid for any Unit subscriptions referred to the company. The finder's fee will consist of 7% cash commission and a Finder's Option Warrant equal to 7% of the number of Units referred. Each Finder's Option Warrant shall be exercisable into one Unit at a price of $0.15 per Unit and under the same terms as this offering for a period of one year from the date of closing. All securities issued pursuant to this offering will be subject to a four-month hold period from the date of closing.
Proceeds from the private placement will be used primarily to fund further exploration expenditures as required under the option agreement with Golden Star Resources Ltd. to earn a 51% interest in the Sirba Gold Project in Niger and for general working capital.
The Sirba Gold Project located along the gold mineralized corridor in the southwest portion of Niger contains the 550 sq km Tialkam license which shares it's SW border with Semafo's Samira Hill mine and the 372 sq km Deba license immediately SW of the Samira Hill Mine. (See attached map.) Results from our initial drill program in March 2010 encountered near surface high-grade values over significant widths. (3.08 g/t Au over 24 m; 11.40 g/t Au over 6 m; 3.37 g/t Au over 13 m and 3.15 g/t Au over 12 m). More information on this project can be garnered from our website at www.amiresources.com
The company will begin a 7,100 m drill program next month and as drill results are received from the 7 identified targets, sufficient funds will be available to expand this drilling program.
Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of NI43-101, has reviewed the scientific and technical information contained in this press release.
Dustin Elford, President
We seek safe harbour.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
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Monday, October 25, 2010
Investorideas.com - Top Trading OTC Stocks $0.50 - $1.00; Mining and Metals Stocks on the move - (OTCBB: SILA, CZICF, PTSEF, FCSC)
Investorideas.com - Top Trading OTC Stocks $0.50 - $1.00; Mining and Metals Stocks on the move - (OTCBB: SILA, CZICF, PTSEF, FCSC)
Market Snapshot ;Gold and Oil Prices Rise
Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) October 25, 2010 - OTC VOLUME LEADERS reports on the most recent active trading penny stocks on the OTCBB for interested investors. OTC Volume leaders trading at $0.50 - $1.00 included Gold American Mining Corp. (OTCBB: SILA), Canadian Zinc Corp. (OTCBB: CZICF), Points International Ltd. (OTCBB: PTSEF), and Fibrocell Science, Inc. (OTCBB: FCSC).
Top Sectors include Mining StocksRecent news summary for Canadian Zinc Corporation
"Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) is pleased to report on the progress on the ongoing Environmental Assessment of the proposed Prairie Creek zinc/lead/silver mine, and to provide an update on the 2010 Prairie Creek site activities and exploration program.
Prairie Creek Environmental Assessment Update
The proposed development and operation of the Prairie Creek Mine is currently undergoing Environmental Assessment by the Mackenzie Valley Environmental Impact Review Board ("Review Board") (see June 2, 2010 press release).
Following submission and acceptance of Canadian Zinc's Developer's Assessment Report, the Environmental Assessment proceeded with the first round of Information Requests."
Full Article: http://finance.yahoo.com/news/Canadian-Zinc-Reports-iw-1733849439.html?x=0&.v=1
MOST ACTIVE $0.50 - $1.00 – Top 10
SILA
FCSC
PTSEF
CZICF
NENE
TPLM
MBCI
MMOG
PYMX
CFWH
Market Snapshot: (at time of release) – Gold and Oil Prices Rise
Dow 11,190.12 +57.56 +0.52%
Nasdaq 2,495.80 +16.41 +0.66%
S&P 500 1,188.22 +5.14 +0.43%
10 Yr Bond(%) 2.5340% -0.0290
Oil 81.74 +0.03 +0.04%
Gold 1,335.80 +11.40 +0.86%
More info:Investors: Sign up at OTC Volume leaders and get access to info on hundreds of the most active OTCBB companies by clicking the sign up link belowhttp://bit.ly/otcvolumeleadersOTC/Market Commentary: News moving OTC Leaders
OTCBB Investors: Take the few minutes to register with us at To sign up for free Newsletter http://bit.ly/otcvolumeleaders and get access to info on hundreds of the most active OTCBB companies and keep up to date with developments of the companies.
OTC VOLUME LEADERS provides investors with daily market updates showcasing the most actively traded OTCBB Companies. We strive to provide you with the most up-to-date market information and activity by searching through hundreds of OTCBB companies in order to provide you information on the best of these companies. The goal is to continually find tomorrow’s market leading companies, today!
OTCVolumeleaders.com has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks.
Please view the full disclaimer: http://www.otcvolumeleaders.com/Source http://www.otcvolumeleaders.com/Follow OTC Volume Leaders on Twitter.com http://twitter.com/OTCVolumeLeader
* Attention Investors in British Columbia Canada: Do not subscribe to any OTC stocks not currently filing with Sedar in BC and BC Securities
Visit the OTC showcase profile at Investorideas.com Request News and Info on OTC Investors - Get OTC stock quotes from http://www.otcmarkets.com Disclosure, Disclaimer/ OTC is a paid advertising client on Investorideas.com.
More Info:
Published at www.Investorideas.com - Global research by sectors
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Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Market Snapshot ;Gold and Oil Prices Rise
Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) October 25, 2010 - OTC VOLUME LEADERS reports on the most recent active trading penny stocks on the OTCBB for interested investors. OTC Volume leaders trading at $0.50 - $1.00 included Gold American Mining Corp. (OTCBB: SILA), Canadian Zinc Corp. (OTCBB: CZICF), Points International Ltd. (OTCBB: PTSEF), and Fibrocell Science, Inc. (OTCBB: FCSC).
Top Sectors include Mining StocksRecent news summary for Canadian Zinc Corporation
"Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) is pleased to report on the progress on the ongoing Environmental Assessment of the proposed Prairie Creek zinc/lead/silver mine, and to provide an update on the 2010 Prairie Creek site activities and exploration program.
Prairie Creek Environmental Assessment Update
The proposed development and operation of the Prairie Creek Mine is currently undergoing Environmental Assessment by the Mackenzie Valley Environmental Impact Review Board ("Review Board") (see June 2, 2010 press release).
Following submission and acceptance of Canadian Zinc's Developer's Assessment Report, the Environmental Assessment proceeded with the first round of Information Requests."
Full Article: http://finance.yahoo.com/news/Canadian-Zinc-Reports-iw-1733849439.html?x=0&.v=1
MOST ACTIVE $0.50 - $1.00 – Top 10
SILA
FCSC
PTSEF
CZICF
NENE
TPLM
MBCI
MMOG
PYMX
CFWH
Market Snapshot: (at time of release) – Gold and Oil Prices Rise
Dow 11,190.12 +57.56 +0.52%
Nasdaq 2,495.80 +16.41 +0.66%
S&P 500 1,188.22 +5.14 +0.43%
10 Yr Bond(%) 2.5340% -0.0290
Oil 81.74 +0.03 +0.04%
Gold 1,335.80 +11.40 +0.86%
More info:Investors: Sign up at OTC Volume leaders and get access to info on hundreds of the most active OTCBB companies by clicking the sign up link belowhttp://bit.ly/otcvolumeleadersOTC/Market Commentary: News moving OTC Leaders
OTCBB Investors: Take the few minutes to register with us at To sign up for free Newsletter http://bit.ly/otcvolumeleaders and get access to info on hundreds of the most active OTCBB companies and keep up to date with developments of the companies.
OTC VOLUME LEADERS provides investors with daily market updates showcasing the most actively traded OTCBB Companies. We strive to provide you with the most up-to-date market information and activity by searching through hundreds of OTCBB companies in order to provide you information on the best of these companies. The goal is to continually find tomorrow’s market leading companies, today!
OTCVolumeleaders.com has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks.
Please view the full disclaimer: http://www.otcvolumeleaders.com/Source http://www.otcvolumeleaders.com/Follow OTC Volume Leaders on Twitter.com http://twitter.com/OTCVolumeLeader
* Attention Investors in British Columbia Canada: Do not subscribe to any OTC stocks not currently filing with Sedar in BC and BC Securities
Visit the OTC showcase profile at Investorideas.com Request News and Info on OTC Investors - Get OTC stock quotes from http://www.otcmarkets.com Disclosure, Disclaimer/ OTC is a paid advertising client on Investorideas.com.
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.
Connect with Investorideas.com
Publish Your News - Send a release
Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Friday, October 22, 2010
Investorideas.com - Featured Special Oil and Gas Stock Report; American Petro-hunter Inc (OTCBB: AAPH), written by Grass Roots Research and Distribution, Inc.
Investorideas.com - Featured Special Oil and Gas Stock Report; American Petro-hunter Inc (OTCBB: AAPH), written by Grass Roots Research and Distribution, Inc.
We expect significant growth potential from AAPH's prolific oil and gas projects in Oklahoma and Kansas in the immediate to medium term”- Grass Roots Research and Distribution, Inc.
Point Roberts, WA - October 22, 2010 The Investorideas.com Energy Newswire and www.OilandGasStocksNews.com publish the following Oil and Gas stock report on American Petro-hunter Inc (OTCBB: AAPH), written by Grass Roots Research and Distribution, Inc.
Investorideas.com features third party research in multiple industry sectors including energy, biotech and mining. More third party research reports can be found at http://www.investorideas.com/Research/.
Full report at www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
Report Excerpt:
INVESTMENT THESIS & RECOMMENDATION; Written by Grass Roots Research and Distribution, Inc.
American Petro-Hunter, Inc. (OTCBB: AAPH) is a rapidly growing, expertly managed exploration and production (E&P) company. The Company intends to become an intermediate level oil and gas producer within the next 12 months. AAPH's business strategy is based on acquiring and developing high quality projects with existing and expansion potential. The Company is currently focused on expanding its acreages/ leases at its North Oklahoma Project and building a strong, balanced and diversified portfolio of oil and gas assets. American Petro is revenue positive and is in production at its Poston Project.
American Petro-Hunter intends to become a 500-1000 BOE producer in the next 12-36 months by aggressively developing its Poston and North Oklahoma Oil Project as well as continuing to engage in exploratory drilling opportunities on its Colby Prospect and Sacramento Gas Prospect. The Company further intends to expand its acreages across North America.
Key corporate value drivers include: discovery of a new oil field, existing production capabilities, a balanced portfolio of assets, favorable industry economics, recent funding arrangement and a strong management team. Providing the Company raises approximately $5.0 million of total capital, we forecast significant top line growth. Revenues are expected to grow from $0.5 million FYE December 31, 2010 to more than $11.8 million by FYE 2014. AAPH is potentially a lucrative investment opportunity in the oil and gas E&P space and provides an upside potential of 191.3% in the short term and long term.
COMPANY VALUE PROPOSITION
Balanced Portfolio of Assets
Company's projects are located in areas which are highly prolific and produce large quantities of oil and gas.
The Company's proposed projects will explore and develop oil & gas, from conventional resources primarily in United States and Canada.
Favorable Industry Economics
Demand for oil & gas is likely to grow significantly driven by demand from developing nations
Existing infrastructure makes it easier for the Company to market its products.
Use of Modern Technology
Using modern technology in the exploration and production activities will help the Company improve productivity and profitability.
Strong Management Team
AAPH has consistently built a team of geologists and executives who are experts in this field.
Management equipped with ability to drive growth and rapidly evolve the Company.
"American Petro-Hunter is building a strong, balanced and diversified portfolio of oil and gas assets that will result in significant reserve growth, production revenue and value for shareholders. The Company is well positioned to benefit from a current strong increase in oil prices. AAPH will need to raise the necessary initial capital to initiate drilling activities and expand its property base. As previously mentioned, the Company plans to invest up to $5.0 million in the next 24-months for exploration and development of its projects. The recent funding of $1.5 million from Maxum Overseas Funds shall enable AAPH to continue the development of its oil and gas projects, specifically in the near term in Kansas and the North Oklahoma Project, land leasing and for general administration going forward. We expect long term upside revenue opportunities from the Company's portfolio of assets, highly scalable business model, and new acquisition deals as oil and gas prices continue to rise. American Petro Hunter is an exciting oil and gas exploration and production company providing significant short term and long term investment opportunity for risk-averse investors.”
COMPANY PROJECT DESCRIPTION
The Company has a diversified and balanced a portfolio of assets with two production and one field development properties in Kansas, seven oil projects in Oklahoma and one gas prospect in California. American Petro-Hunter's Poston Project, Trego County, Kansas is already in-production. The Company has also recently initiated production at one of its seven leases in North Oklahoma. Other prospects include: Colby Prospect, Thomas County, Kansas; and Sacramento Gas Prospect, Central Valley, California.
North Oklahoma Oil Project, Oklahoma2
American Petro Hunter has acquired a working interest in an exciting oil play located in the northern part of the state. The Project targets regional shale formations rich in oil. Currently, the Company is drilling shallow, vertical wells with future plans to exploit the shale productive horizon with horizontal drilling. Individual wells at the analogous Bakken formation in North Dakota are producing over 2,000 barrels per day from staged fracture stimulation programs. The North Oklahoma Project pursues production of high gravity light oil above 3800 feet with estimated oil production in the 150 to 550 BPD range as anticipated Initial Production Rates. NOJ26 is a 4000 foot vertical well targeting multiple objectives including our 48 foot shale target plus both the Simpson and Wilcox formations one of the most prolific producers in Payne County Nearby existing analog production has produced a cumulative 80,000 barrels of oil per well with 7 years of commercial activity to date. Wilcox wells often deliver initial production rates in excess of 100-120 BOPD with 200 MCF of gas. Multiple objectives minimize risk given the three potentially productive horizons. No. 1 well returned rates in the 75-85 BPD rates on acidization and a similar technique may prove to be the most cost effective path to R.O.I and payback. Fracture stimulation at a later date may be indicated. NOJ26 is anticipated as a 200 plus BPD producer. A horizontal well drilled laterally down and along the Woodford shale will expose over 1,500 feet of rock that upon stimulation should produce large quantities of oil. Engineering estimates of the potential of a successful horizontal well at the North Oklahoma Project could be 500 BPD per well. The oil from the Woodford shale is light, high quality crude and we have big plans in the future for more horizontals. The southern part of our lease block has room to drill up to 5 horizontals in the shale and also up to 25 conventional vertical wells if our program successfully finds oil from previously identified and prolific formations such as the Simpson and Wilcox.
Grass Roots Research and Distribution, Inc. CONCLUSION:
"....We expect significant growth potential from AAPH's prolific oil and gas projects in Oklahoma and Kansas in the immediate to medium term. The prospects of the Company have further brightened after it went in-production at its core acreage at the Northern Oklahoma Project and the Rooney Prospect. This will expedite revenue growth and increase free cash flows, thus providing the capital expansion and commercialization of its other projects. Revenues are expected to grow from $0.5 million for Fiscal Year End (FYE) December 31, 2010 to more than $11.8 million by FYE 2014. Note: our projections assume that the Company will be able to achieve our forecasted targets provided it raises a total of $5.0 million funding.
The quality of the portfolio's assets is excellent. We believe this quality together with the experience and proven track record of its management team will enable enhanced returns on investment. The Company intends to become an intermediate level oil and gas producer. It will achieve this level as a producer by acquiring and developing high quality projects with existing production and expansion potential. In addition it will possess defined-risk developmental and exploratory drilling opportunities. American Petro-Hunter provides an exciting short term and long term investment opportunity.”
To read full article please check out www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
American Petro-hunter Inc (OTCBB: AAPH) is a showcase Oil and Gas stock on Investorideas.com (please read disclosure and disclaimers)
Visit the showcase page on Investorideas.com
http://www.investorideas.com/CO/AAPH/
Request info:
http://www.investorideas.com/Resources/Newsletter.asp
About our Oil and Gas portal:
www.OilandGasStocksNews.com is a global meeting place for investors and industry following the energy sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our oil and gas and natural gas stock directories.
Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf of showcase energy stock AAPH (three thousand per month). Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
The research report is the content and opinion of Grass Roots Research and Distribution, Inc.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
C Van Zant: 800-665-0411 - cvanzant@investorideas.com
Source - Investorideas.com
More Info:
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We expect significant growth potential from AAPH's prolific oil and gas projects in Oklahoma and Kansas in the immediate to medium term”- Grass Roots Research and Distribution, Inc.
Point Roberts, WA - October 22, 2010 The Investorideas.com Energy Newswire and www.OilandGasStocksNews.com publish the following Oil and Gas stock report on American Petro-hunter Inc (OTCBB: AAPH), written by Grass Roots Research and Distribution, Inc.
Investorideas.com features third party research in multiple industry sectors including energy, biotech and mining. More third party research reports can be found at http://www.investorideas.com/Research/.
Full report at www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
Report Excerpt:
INVESTMENT THESIS & RECOMMENDATION; Written by Grass Roots Research and Distribution, Inc.
American Petro-Hunter, Inc. (OTCBB: AAPH) is a rapidly growing, expertly managed exploration and production (E&P) company. The Company intends to become an intermediate level oil and gas producer within the next 12 months. AAPH's business strategy is based on acquiring and developing high quality projects with existing and expansion potential. The Company is currently focused on expanding its acreages/ leases at its North Oklahoma Project and building a strong, balanced and diversified portfolio of oil and gas assets. American Petro is revenue positive and is in production at its Poston Project.
American Petro-Hunter intends to become a 500-1000 BOE producer in the next 12-36 months by aggressively developing its Poston and North Oklahoma Oil Project as well as continuing to engage in exploratory drilling opportunities on its Colby Prospect and Sacramento Gas Prospect. The Company further intends to expand its acreages across North America.
Key corporate value drivers include: discovery of a new oil field, existing production capabilities, a balanced portfolio of assets, favorable industry economics, recent funding arrangement and a strong management team. Providing the Company raises approximately $5.0 million of total capital, we forecast significant top line growth. Revenues are expected to grow from $0.5 million FYE December 31, 2010 to more than $11.8 million by FYE 2014. AAPH is potentially a lucrative investment opportunity in the oil and gas E&P space and provides an upside potential of 191.3% in the short term and long term.
COMPANY VALUE PROPOSITION
Balanced Portfolio of Assets
Company's projects are located in areas which are highly prolific and produce large quantities of oil and gas.
The Company's proposed projects will explore and develop oil & gas, from conventional resources primarily in United States and Canada.
Favorable Industry Economics
Demand for oil & gas is likely to grow significantly driven by demand from developing nations
Existing infrastructure makes it easier for the Company to market its products.
Use of Modern Technology
Using modern technology in the exploration and production activities will help the Company improve productivity and profitability.
Strong Management Team
AAPH has consistently built a team of geologists and executives who are experts in this field.
Management equipped with ability to drive growth and rapidly evolve the Company.
"American Petro-Hunter is building a strong, balanced and diversified portfolio of oil and gas assets that will result in significant reserve growth, production revenue and value for shareholders. The Company is well positioned to benefit from a current strong increase in oil prices. AAPH will need to raise the necessary initial capital to initiate drilling activities and expand its property base. As previously mentioned, the Company plans to invest up to $5.0 million in the next 24-months for exploration and development of its projects. The recent funding of $1.5 million from Maxum Overseas Funds shall enable AAPH to continue the development of its oil and gas projects, specifically in the near term in Kansas and the North Oklahoma Project, land leasing and for general administration going forward. We expect long term upside revenue opportunities from the Company's portfolio of assets, highly scalable business model, and new acquisition deals as oil and gas prices continue to rise. American Petro Hunter is an exciting oil and gas exploration and production company providing significant short term and long term investment opportunity for risk-averse investors.”
COMPANY PROJECT DESCRIPTION
The Company has a diversified and balanced a portfolio of assets with two production and one field development properties in Kansas, seven oil projects in Oklahoma and one gas prospect in California. American Petro-Hunter's Poston Project, Trego County, Kansas is already in-production. The Company has also recently initiated production at one of its seven leases in North Oklahoma. Other prospects include: Colby Prospect, Thomas County, Kansas; and Sacramento Gas Prospect, Central Valley, California.
North Oklahoma Oil Project, Oklahoma2
American Petro Hunter has acquired a working interest in an exciting oil play located in the northern part of the state. The Project targets regional shale formations rich in oil. Currently, the Company is drilling shallow, vertical wells with future plans to exploit the shale productive horizon with horizontal drilling. Individual wells at the analogous Bakken formation in North Dakota are producing over 2,000 barrels per day from staged fracture stimulation programs. The North Oklahoma Project pursues production of high gravity light oil above 3800 feet with estimated oil production in the 150 to 550 BPD range as anticipated Initial Production Rates. NOJ26 is a 4000 foot vertical well targeting multiple objectives including our 48 foot shale target plus both the Simpson and Wilcox formations one of the most prolific producers in Payne County Nearby existing analog production has produced a cumulative 80,000 barrels of oil per well with 7 years of commercial activity to date. Wilcox wells often deliver initial production rates in excess of 100-120 BOPD with 200 MCF of gas. Multiple objectives minimize risk given the three potentially productive horizons. No. 1 well returned rates in the 75-85 BPD rates on acidization and a similar technique may prove to be the most cost effective path to R.O.I and payback. Fracture stimulation at a later date may be indicated. NOJ26 is anticipated as a 200 plus BPD producer. A horizontal well drilled laterally down and along the Woodford shale will expose over 1,500 feet of rock that upon stimulation should produce large quantities of oil. Engineering estimates of the potential of a successful horizontal well at the North Oklahoma Project could be 500 BPD per well. The oil from the Woodford shale is light, high quality crude and we have big plans in the future for more horizontals. The southern part of our lease block has room to drill up to 5 horizontals in the shale and also up to 25 conventional vertical wells if our program successfully finds oil from previously identified and prolific formations such as the Simpson and Wilcox.
Grass Roots Research and Distribution, Inc. CONCLUSION:
"....We expect significant growth potential from AAPH's prolific oil and gas projects in Oklahoma and Kansas in the immediate to medium term. The prospects of the Company have further brightened after it went in-production at its core acreage at the Northern Oklahoma Project and the Rooney Prospect. This will expedite revenue growth and increase free cash flows, thus providing the capital expansion and commercialization of its other projects. Revenues are expected to grow from $0.5 million for Fiscal Year End (FYE) December 31, 2010 to more than $11.8 million by FYE 2014. Note: our projections assume that the Company will be able to achieve our forecasted targets provided it raises a total of $5.0 million funding.
The quality of the portfolio's assets is excellent. We believe this quality together with the experience and proven track record of its management team will enable enhanced returns on investment. The Company intends to become an intermediate level oil and gas producer. It will achieve this level as a producer by acquiring and developing high quality projects with existing production and expansion potential. In addition it will possess defined-risk developmental and exploratory drilling opportunities. American Petro-Hunter provides an exciting short term and long term investment opportunity.”
To read full article please check out www.grassrootsrd.com and http://www.investorideas.com/CO/AAPH/Cohen_AAPH_report_100510.pdf
American Petro-hunter Inc (OTCBB: AAPH) is a showcase Oil and Gas stock on Investorideas.com (please read disclosure and disclaimers)
Visit the showcase page on Investorideas.com
http://www.investorideas.com/CO/AAPH/
Request info:
http://www.investorideas.com/Resources/Newsletter.asp
About our Oil and Gas portal:
www.OilandGasStocksNews.com is a global meeting place for investors and industry following the energy sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our oil and gas and natural gas stock directories.
Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf of showcase energy stock AAPH (three thousand per month). Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
The research report is the content and opinion of Grass Roots Research and Distribution, Inc.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
C Van Zant: 800-665-0411 - cvanzant@investorideas.com
Source - Investorideas.com
More Info:
Published at www.Investorideas.com - Global research by sectors
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Investorideas.com - Top Trading OTC Stocks $0.50 - $1.00; Gold Stocks Dominate - (OTCBB: SILA, MMOG, NENE, SRGZ)
Investorideas.com - Top Trading OTC Stocks $0.50 - $1.00; Gold Stocks Dominate - (OTCBB: SILA, MMOG, NENE, SRGZ)
Market Snapshot ;Gold and Oil Prices Rise
Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) October 22 2010- OTC VOLUME LEADERS reports on the most recent active trading penny stocks on the OTCBB for interested investors. OTC Volume leaders trading at $0.50 - $1.00 included Gold American Mining Corp.(OTCBB:SILA) Moggle, Inc(OTCBB:MMOG) New Energy Technologies, Inc (OTCBB:NENE) and Star Gold Corp (OTCBB:SRGZ) .
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OTC/Market Commentary: News moving OTC Leaders
Top Sectors include Gold Stocks
Recent news summary for Star Gold Corp.
Star Gold Corp. Appoints New Chief Financial Officer
POST FALLS, ID--(10/21/10) - Star Gold Corp. (OTC.BB:SRGZ) welcomes Kelly Stopher to its management team in the capacity of Chief Financial Officer. With over 20 years experience, Mr. Stopher will be a key member of Star Gold's executive team and participate in overall corporate and financial strategic planning to propel the Company's growth as it expands its presence in the precious metals industry.
See the company website for full news.
MOST ACTIVE $0.50 - $1.00 – Top 10
1. SILA
2. MMOG
3. NENE
4. SRGZ
5. LQMT
6. UGNE
7. VUOC
8. CZICF
9. ESPH
10. TNFG
Market Snapshot: (at time of release) – Gold and Oil Prices Rise
Nasdaq 2,471.03 +11.36 +0.46%
S&P 500 1,181.04 +0.78 +0.07%
10 Yr Bond(%) 2.5560% +0.0250
Oil 80.99 +0.43 +0.53%
Gold 1,325.90 +1.20 +0.09%
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Market Snapshot ;Gold and Oil Prices Rise
Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) October 22 2010- OTC VOLUME LEADERS reports on the most recent active trading penny stocks on the OTCBB for interested investors. OTC Volume leaders trading at $0.50 - $1.00 included Gold American Mining Corp.(OTCBB:SILA) Moggle, Inc(OTCBB:MMOG) New Energy Technologies, Inc (OTCBB:NENE) and Star Gold Corp (OTCBB:SRGZ) .
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OTC/Market Commentary: News moving OTC Leaders
Top Sectors include Gold Stocks
Recent news summary for Star Gold Corp.
Star Gold Corp. Appoints New Chief Financial Officer
POST FALLS, ID--(10/21/10) - Star Gold Corp. (OTC.BB:SRGZ) welcomes Kelly Stopher to its management team in the capacity of Chief Financial Officer. With over 20 years experience, Mr. Stopher will be a key member of Star Gold's executive team and participate in overall corporate and financial strategic planning to propel the Company's growth as it expands its presence in the precious metals industry.
See the company website for full news.
MOST ACTIVE $0.50 - $1.00 – Top 10
1. SILA
2. MMOG
3. NENE
4. SRGZ
5. LQMT
6. UGNE
7. VUOC
8. CZICF
9. ESPH
10. TNFG
Market Snapshot: (at time of release) – Gold and Oil Prices Rise
Nasdaq 2,471.03 +11.36 +0.46%
S&P 500 1,181.04 +0.78 +0.07%
10 Yr Bond(%) 2.5560% +0.0250
Oil 80.99 +0.43 +0.53%
Gold 1,325.90 +1.20 +0.09%
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Investorideas.com - Top Trading Penny Stocks on OTC ($0.14 - $0.25); (OTCBB: CBIS,SFMI DYER, SGCA); Sectors include Mining and Energy
Investorideas.com - Top Trading Penny Stocks on OTC ($0.14 - $0.25); (OTCBB: CBIS,SFMI DYER, SGCA); Sectors include Mining and Energy
Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) October 22 2010- OTC VOLUME LEADERS reports on the most recent active trading penny stocks on the OTCBB for interested investors. OTC Volume leaders ($0.14-$0.25) included; Cannabis Science, Inc.(OTCBB: CBIS), Silver Falcon Mining, Inc.( OTCBB: SFMI), DYNASTY ENERGY RES ( OTCBB: DYER )and Strategic American Oil Corporation (OTCBB: SGCA).
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MOST ACTIVE $0.14 - $0.25 - Top 10
1. CBIS
2. SFMI
3. DYER
4. SGCA
5. JYHW
6. MVTG
7. SNBP
8. ERHE
9. CHTL
10. ARDM
OTC/Market Commentary: News moving OTC Leaders
Sectors include mining and energy stocks
Recent news summary for CANNABIS SCIENCE INC (OTC BB: CBIS.OB)
CNBC, Discovery Channel and National Geographic to Cover Dr. Robert Melamede and Richard Cowan of Cannabis Science Whom are Speaking at 'The Marijuana
COLORADO SPRINGS, Colo., Oct. 21 - Cannabis Science, Inc. (OTC Bulletin Board: CBIS.OB), a pioneering US biotech company developing pharmaceutical cannabis products, is pleased to announce the upcoming coverage by CNBC, Discovery Channel and National Geographic for the speaking engagement of Dr. Robert Melamede, Cannabis Science, Inc., President & CEO, along with panelist discussions with Richard Cowan, Cannabis Science, Inc., Director & CFO, at "The Marijuana Conference" in New York City.
The Marijuana Conference (www.TheMarijuanaConference.com), organized by Dealflow, will take place October 25 & 26. It is being called "the first non-biased event in the industry." It will "cover all of the business and investment issues, and the pros and cons of legalization, offering in-depth analysis from a wide array of experts."
* See the company website for full news.
Market Snapshot: (at time of release)
Nasdaq 2,461.84 +2.17 +0.09%
S&P 500 1,179.80 -0.46 -0.04%
10 Yr Bond(%) 2.5540% +0.0230
Oil 80.92 +0.36 +0.45%
Gold 1,325.90 +1.20 +0.09%
OTCBB Investors: Register with us and start tracking OTC volume leaders and recent news.
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Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) October 22 2010- OTC VOLUME LEADERS reports on the most recent active trading penny stocks on the OTCBB for interested investors. OTC Volume leaders ($0.14-$0.25) included; Cannabis Science, Inc.(OTCBB: CBIS), Silver Falcon Mining, Inc.( OTCBB: SFMI), DYNASTY ENERGY RES ( OTCBB: DYER )and Strategic American Oil Corporation (OTCBB: SGCA).
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MOST ACTIVE $0.14 - $0.25 - Top 10
1. CBIS
2. SFMI
3. DYER
4. SGCA
5. JYHW
6. MVTG
7. SNBP
8. ERHE
9. CHTL
10. ARDM
OTC/Market Commentary: News moving OTC Leaders
Sectors include mining and energy stocks
Recent news summary for CANNABIS SCIENCE INC (OTC BB: CBIS.OB)
CNBC, Discovery Channel and National Geographic to Cover Dr. Robert Melamede and Richard Cowan of Cannabis Science Whom are Speaking at 'The Marijuana
COLORADO SPRINGS, Colo., Oct. 21 - Cannabis Science, Inc. (OTC Bulletin Board: CBIS.OB), a pioneering US biotech company developing pharmaceutical cannabis products, is pleased to announce the upcoming coverage by CNBC, Discovery Channel and National Geographic for the speaking engagement of Dr. Robert Melamede, Cannabis Science, Inc., President & CEO, along with panelist discussions with Richard Cowan, Cannabis Science, Inc., Director & CFO, at "The Marijuana Conference" in New York City.
The Marijuana Conference (www.TheMarijuanaConference.com), organized by Dealflow, will take place October 25 & 26. It is being called "the first non-biased event in the industry." It will "cover all of the business and investment issues, and the pros and cons of legalization, offering in-depth analysis from a wide array of experts."
* See the company website for full news.
Market Snapshot: (at time of release)
Nasdaq 2,461.84 +2.17 +0.09%
S&P 500 1,179.80 -0.46 -0.04%
10 Yr Bond(%) 2.5540% +0.0230
Oil 80.92 +0.36 +0.45%
Gold 1,325.90 +1.20 +0.09%
OTCBB Investors: Register with us and start tracking OTC volume leaders and recent news.
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Wednesday, October 20, 2010
Gold Stocks, Orezone's (TSX: ORE.TO) Bombore Gold Project Has Substantial Increase in Size and Grade
Gold Stocks, Orezone's (TSX: ORE.TO) Bombore Gold Project Has Substantial Increase in Size and Grade
The mineral resource update includes this year's 42,456m (619 holes) infill and expansion reverse circulation ("RC") drill program that was designed to upgrade and test the limits of the surface oxide resource. The program was successful and also served to increase the continuity and grade of the fresh rock resource below. This unexpected and material change to the total mineral resource warrants a change in the Company's approach to also consider developing the project as a carbon in leach ("CIL") operation. The deposit is still open on surface where more oxide material is targeted. However, the potential to significantly increase the fresh rock mineral resources at a grade of 1.0g/t or higher in the top 200m from surface is now an equally high priority. The Company's board of directors has approved a short term drilling budget of $2.5M to commence core drilling and to secure additional drilling equipment. As part of this budget, several kilometres of new surface targets will also receive RC drilling. Orezone intends to continue with its plan of completing a preliminary economic assessment of the project by the first quarter 2011. The assessment will now include both heap leach and CIL scenarios.
The mineral resources were estimated by the Company and audited by SRK Consulting (Canada) Inc. ("SRK") (Table 1). The mineral resources are constrained within 4.3km2 of conceptual optimized open pit shells (11km long and up to 1km wide) with an estimated stripping ratio of 2.2:1. Approximately 80% of the total resource occurs in the top 80m, but pit shells can reach a depth of 200m. Resources are totally open at depth and 90% of the drilling to date is within 60m of the surface. The pit shells are based on a US$1,025 gold price, relevant cost estimates for mining, processing, G&A, and detailed metallurgical results (reported December 2009) to estimate recoveries for a CIL plant scenario. The mineral resource model is based on a total of 120,605m of RC and core drilling data compiled up to August 2010. The project is situated beside the main highway just 85km east of the capital city of Ouagadougou. Infrastructure in the flat lying area is excellent with a low population density and access to power and water.
"With 35,000 ounces of gold per vertical metre in the top 60m of the deposit, there remains excellent potential to significantly increase resources at depth as we extend the definition drilling to a depth of 120m," said Pascal Marquis, V.P. Exploration for Orezone. "We have still not exhausted the surface oxide targets or the potential of lateral extensions to our current open pit shells which will also receive more drilling."
Table 1
2010 Audited Mineral Resource Statement(i) for the Bombore deposit, Burkina Faso, West Africa, SRK Consulting, October 15, 2010, CIL Processing Scenario
--------------------------------------------------------------------------
Indicated Mineral Resource Inferred Mineral Resource
--------------------------------------------------------------------------
Cut-off Weathering Tonnage Grade Gold Tonnage Grade Gold
(g/t) Profile (Mt) (g/t) (Moz) (Mt) (g/t) (Moz)
--------------------------------------------------------------------------
0.30 Oxide 34.0 0.67 0.73 25.0 0.59 0.48
--------------------------------------------------------------------------
0.35 Transition 11.2 0.84 0.30 5.4 0.88 0.15
--------------------------------------------------------------------------
0.50 Fresh 15.7 1.10 0.55 30.3 1.28 1.24
--------------------------------------------------------------------------
TOTAL 60.9 0.81 1.59 60.6 0.96 1.87
--------------------------------------------------------------------------
(i) Mineral Resources are not mineral reserves and do not have
demonstrated economic viability. All figures have been rounded to reflect
the relative accuracy of the estimates. The cut-off grades are based on a
gold price of US$1,025 per ounce with CIL processing recoveries of 93%
for oxide, 92% for transitional and 78% for fresh material. Indicated and
Inferred Mineral Resources are all reported within conceptual optimized
open pit shells. Unlike 2008, those resource blocks that occur outside
the pits shells are not included in this resource estimate. Mt= million
metric tonnes. Moz= million troy ounces; g/t= grams gold per tonne.
--------------------------------------------------------------------------
Table 2
2008 Audited Mineral Resource Statement(i) for the Bombore deposit, Burkina Faso, West Africa, SRK Consulting, September 20, 2008, Heap Leach Processing Scenario
--------------------------------------------------------------------------
Indicated Inferred 1
Mineral Resource Mineral Resource
--------------------------------------------------------------------------
Cut-off Weathering Tonnage Grade Gold Tonnage Grade Gold
(g/t) Profile (Mt) (g/t) (Moz) (Mt) (g/t) (Moz)
--------------------------------------------------------------------------
0.24 Oxide 30.6 0.53 0.52 32.0 0.46 0.48
--------------------------------------------------------------------------
0.25 Transition 13.0 0.56 0.23 15.3 0.50 0.25
--------------------------------------------------------------------------
0.52 Fresh 5.7 0.93 0.17 16.8 0.96 0.52
--------------------------------------------------------------------------
TOTAL 49.4 0.59 0.93 64.1 0.61 1.24
--------------------------------------------------------------------------
-------------------------------------------------------------------
Indicated
Mineral Inferred 2
Resource Mineral Resource
-------------------------------------------------------------------
Cut-off Weathering Tonnage Grade Gold
(g/t) Profile (Mt) (g/t) (Moz)
-------------------------------------------------------------------
0.24 Oxide 2.3 0.33 0.02
-------------------------------------------------------------------
0.25 Transition 5.1 0.34 0.05
-------------------------------------------------------------------
0.52 Fresh 20.3 0.71 0.46
-------------------------------------------------------------------
TOTAL 27.7 0.61 0.54
-------------------------------------------------------------------
(i) Mineral Resources are not mineral reserves and do not have
demonstrated economic viability. All figures have been rounded to reflect
the relative accuracy of the estimates. The cut-off grades are based on a
gold price of US$800 per ounce with heap leach processing recoveries of
85% for oxide, 81% for transitional and 65% for fresh material. Indicated
and Inferred 1 Mineral Resources are reported within conceptual optimized
open pit shells, while Inferred 2 Mineral Resources are all remaining
resource blocks located outside the pit shell. Mt= million metric tonnes.
Moz= million troy ounces; g/t= grams gold per tonne
--------------------------------------------------------------------------
Several factors account for the difference between the 2010 and 2008 mineral resource estimates as follows:
1. All 2010 drill samples were subjected to a Leachwell(TM) analysis where
results higher than 0.2g/t were complemented with a fire assay of the
leach residue. Many Leachwell(TM) samples from the previous 2008
estimate did not include leach residue assays for any sample with a
leach grade below 0.5 g/t. The new expanded LeachWell(TM) residue assay
database has been used to build a leach model that has been used to
estimate the grade of the LeachWell(TM) residues for the samples that
were missing this analysis, based on well defined leach curves for each
of the major lithological units. The net effect was an increase of about
4% in the grade as the mineral resource is now more representative of
the in-situ grade;
2. The drilling defined several higher grade zones (greater than 0.5 g/t)
within the large lower grade envelop of the deposit. These zones were
modeled separately and as a result have contributed significantly to
higher grades. In the 2008 estimate, only low grade envelopes were used,
with a top cut of 4 g/t for all of the composited assays. In 2010, the
composite grades were capped at 1.44, 4.05 and 8.07g/t in the low grade,
laterite and high grade zones, respectively.
3. Ordinary kriging was used versus inverse distance squared kriging in the
2008 estimate.
4. A higher gold price of US$1,025 was used in this estimate versus US$800
in 2008.
Drilling on the Bombore property and the mineral resource estimates were supervised by Pascal Marquis, Ph.D., P. Geo., Vice President and Qualified Person for Orezone as defined by National Instrument 43-101 and who has reviewed and approved the technical information in this release. The mineral resource estimates were prepared by Orezone and audited by Dorota El-Rassi, P.Eng. and Glen Cole, P.Geo. of SRK who are Independent Qualified Persons as defined by National Instrument 43-101. Orezone holds a 100% operating interest in the project while the government of Burkina Faso will receive a 3% net smelter royalty and a 10% non-participating (carried) interest should the project go into production.
The Company also announces that Mr. Joseph McCoy has been appointed Chief Financial Officer. Joe holds an MBA and Bachelor of Commerce degree from Concordia University and a project Management diploma from McGill University and brings over 25 years of financial and operational experience to Orezone. Joe replaces Mr. Sean Homuth who has departed to pursue other opportunities. Orezone would like to thank Sean for his dedication and contributions during his tenure.
Orezone is a gold exploration and development company with significant gold resources in Burkina Faso and more than 15 years of operating experience in West Africa, one of the world's fastest growing gold producing regions. Orezone is focused on developing Bombore, the second largest gold deposit in the country and its pipeline of advanced gold projects. Orezone's mission is to create wealth by discovering and developing gold resources in an efficient and responsible manner for the benefit of its shareholders and other stakeholders.
Orezone will hold a conference call Wednesday October 20, 2010 at 11:00hr EST to discuss the Bombore Resource Update. Ron Little and Pascal Marquis will be present for the call. To participate, please call 1-800-403-7802 and log on to https://cc.callinfo.com/r/19ilrrkf56aoa to view the presentation in real-time. The presentation will conclude with a Q&A session.
FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.
FORWARD-LOOKING STATEMENTS are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Readers are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. Readers should refer to the annual information form of Orezone for the year ended December 31, 2009 and other continuous disclosure documents filed by Orezone since January 1, 2010 available at http://www.sedar.com/, for this detailed information, which is subject to the qualifications and notes set forth therein.
Contacts
Ron Little
Orezone Gold Corporation
CEO
613-241-3699
Toll Free: 888-673-0663
info@orezone.com
Pascal Marquis
Orezone Gold Corporation
V.P. Exploration
613-241-3699
Toll Free: 888-673-0663
pmarquis@orezone.com
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Monday, October 18, 2010
Investorideas.com - Mining Stocks; YALE (TSX-V: YLL) OPTIONS OUT THE LOS AMOLES SILVER PROPERTY
Investorideas.com - Mining Stocks; YALE (TSX-V: YLL) OPTIONS OUT THE LOS AMOLES SILVER PROPERTY
October 18, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report that it has signed a Letter of Intent with Nature's Call Brands Inc. (OTCBB – NATC) for the option to earn a 70 % interest in Yale's wholly owned Los Amoles Property located in Sonora State, Mexico.
To earn a 70 % interest Nature's Call will be required to pay Yale US $ 50,000, spend US $ 900,000 on exploration expenditures and issue 1,000,000 shares to Yale over three years. The exploration expenditures required in the first year is $200,000 with $100,000 being a firm commitment. Yale has received $25,000 upon signing of the LOI.
Yale will be the operator for the project during the length of the agreement.
"We are pleased that Yale will have continued exposure to the strengthening silver market through programs funded by our partners at the Los Amoles project and at Guadalupe, where we are currently drilling”, stated Ian Foreman, president of Yale.
About the Los Amoles Property:
The early stage wholly owned 16.3 square kilometre Los Amoles Property is located approximately 150 kilometres northeast of the Hermosillo, Sonora State, Mexico. The property is 10 kilometres northeast of the producing La Caridad Mine, operated by Grupo Mexico, which is one of the largest mining and processing complexes in Mexico.
Reconnaissance style sampling has initially concentrated on the 1.0 by 2.5 kilometre Rosario target area. Yale has confirmed the high grade potential for the project with highlight samples grading: 0.52 g/t gold and 333.4 g/t silver over 0.9 m, 0.56 g/t gold and 231.6 g/t silver over 1.0 m, 0.22 g/t gold and 327.3 g/t silver over 0.5 m, and 0.4 g/t gold and 768.8 g/t silver over 0.3 m (see news releases dated April 15 and May 27, 2010).
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.
Samples from the Guadalupe property were prepared and analyzed by Stewart Labs in their facilities in Mexico and Kamloops, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Guadalupe property. The Guadalupe property is an early stage project with no reported resources that requires additional sampling and geological mapping to fully determine the project's potential.
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.
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Disclosure, Disclaimer/ YLL is a paid advertising client on Investorideas.com and our mining portals.
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October 18, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to report that it has signed a Letter of Intent with Nature's Call Brands Inc. (OTCBB – NATC) for the option to earn a 70 % interest in Yale's wholly owned Los Amoles Property located in Sonora State, Mexico.
To earn a 70 % interest Nature's Call will be required to pay Yale US $ 50,000, spend US $ 900,000 on exploration expenditures and issue 1,000,000 shares to Yale over three years. The exploration expenditures required in the first year is $200,000 with $100,000 being a firm commitment. Yale has received $25,000 upon signing of the LOI.
Yale will be the operator for the project during the length of the agreement.
"We are pleased that Yale will have continued exposure to the strengthening silver market through programs funded by our partners at the Los Amoles project and at Guadalupe, where we are currently drilling”, stated Ian Foreman, president of Yale.
About the Los Amoles Property:
The early stage wholly owned 16.3 square kilometre Los Amoles Property is located approximately 150 kilometres northeast of the Hermosillo, Sonora State, Mexico. The property is 10 kilometres northeast of the producing La Caridad Mine, operated by Grupo Mexico, which is one of the largest mining and processing complexes in Mexico.
Reconnaissance style sampling has initially concentrated on the 1.0 by 2.5 kilometre Rosario target area. Yale has confirmed the high grade potential for the project with highlight samples grading: 0.52 g/t gold and 333.4 g/t silver over 0.9 m, 0.56 g/t gold and 231.6 g/t silver over 1.0 m, 0.22 g/t gold and 327.3 g/t silver over 0.5 m, and 0.4 g/t gold and 768.8 g/t silver over 0.3 m (see news releases dated April 15 and May 27, 2010).
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.
Samples from the Guadalupe property were prepared and analyzed by Stewart Labs in their facilities in Mexico and Kamloops, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Guadalupe property. The Guadalupe property is an early stage project with no reported resources that requires additional sampling and geological mapping to fully determine the project's potential.
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.
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Disclosure, Disclaimer/ YLL is a paid advertising client on Investorideas.com and our mining portals.
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Friday, October 15, 2010
Rio Alto (TSX VENTURE:RIO)(OTCQX:RIOAF)(BVLAC:RIO)(DB Frankfurt:MS2) Closes US$28 Million Financing
Rio Alto (TSX VENTURE:RIO)(OTCQX:RIOAF)(BVLAC:RIO)(DB Frankfurt:MS2) Closes US$28 Million Financing
CALGARY, ALBERTA--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) - Rio Alto Mining Limited (TSX VENTURE:RIO)(OTCQX:RIOAF)(BVLAC:RIO)(DB Frankfurt:MS2) is pleased to announce that it has completed definitive documentation and drawn down an initial tranche of US$5 million under the previously announced US$25 million gold prepayment agreement (the "Prepayment Facility") with Red Kite Explorer Trust ("RKE"). The remaining funds have been placed in escrow and will be released upon satisfaction of certain conditions precedent typical of such an agreement and including final approval of the agreements with RKE by the TSX Venture Exchange.
The Company will deliver up to 36,800 ounces of gold from July 2011 (if fully drawn) in settlement of its Prepayment Facility as follows: 575 ounces per month until October 2012, increasing to 1,150 ounces per month from November 2012 to October 2014. These ounces represent approximately 6% of expected output from the oxide project. The actual monthly delivery of gold ounces will vary by 5% from the amounts stated above for every $100 dollar change in the gold price (up or down) from a base price of $1,150, subject to limits at $1,450 or $950 per ounce.
Rio Alto may prepay gold ounces remaining to be delivered under the Prepayment Facility, in whole or in part, at any time without penalty in either ounces of gold or the equivalent in cash at the then prevailing gold price. As security, Rio Alto has granted RKE a charge over substantially all of the Company's assets.
In addition, RKE has provided Rio Alto with a US$3 million credit facility (the "Credit Facility") that may be accessed, at the Company's election, once all of the funds placed in escrow have been utilized. The Credit Facility may be drawn upon once and for no less than the full US$3 million amount. If drawn, the Credit Facility would bear interest at the 3-month LIBOR plus 6 per cent per annum compounded annually. The Credit Facility would mature in October 2014 and may be prepaid at anytime without penalty.
Net proceeds from the Prepayment Facility may be used to develop the La Arena gold oxide project in Peru. Management expects that the Prepayment Facility together with existing working capital should be sufficient to complete construction of the oxide project. Proceeds, if any, from the Credit Facility may be used for development of the La Arena gold oxide project or related working capital requirements.
The Company paid a cash arrangement fee of US$750,000 in connection with the Prepayment and Credit Facilities and entered into a gold marketing agreement with RKE covering the expected gold production from La Arena gold oxide mine.
Anthony Hawkshaw, CFO and Director stated that, "Funds from the Prepayment and Credit Facilities will help ensure that we stay on track to deliver ore to the pad in December and complete the gold recovery plant early in the New Year without diluting our shareholders' interest in the copper/gold deposit at La Arena. We have an aggressive development schedule, but thus far our team at La Arena has met every target. Rio Alto is confident that as long as there are no extreme weather conditions at site or a force majeure event our team will complete construction and development according to the plan."
This news release contains certain forward-looking information including statements concerning the expected timing of placing ore to the leach pad and completion of a gold recovery plant, satisfaction of certain conditions precedent allowing for eventual draw down of funds in escrow and the amount of gold to be delivered to satisfy the terms of the gold prepayment agreement. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rio Alto's disclosure documents on the SEDAR website at http://www.sedar.com/. Rio Alto does not undertake to update any forward-looking information except in accordance with applicable securities laws.
To learn more about Rio Alto Mining Limited, please visit: http://www.rioaltomining.com/ or Rio Alto's SEDAR profile at http://www.sedar.com/.
About Red Kite:
Red Kite provides mining companies with project financing and metal off-take agreements for initiation or expansion of mine production. Red Kite operates across the global metals industry from offices in Bermuda, Hong Kong, London, New York, Shanghai and Sydney. Investors in Red Kite funds include college endowments, foundations, family offices, pensions and other institutional investors.
ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED
Anthony Hawkshaw, Chief Financial Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
For more information, please contact
Rio Alto Mining Limited
Anthony Hawkshaw
CFO & Director
+1 604 628 1401 or +511 625 9900
tonyh@rioaltomining.com
or
Rio Alto Mining Limited
Alejandra Gomez
Investor Relations
604.628.1401
866.393.4493 (FAX)
alejandrag@rioaltomining.com
http://www.rioaltomining.com/
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CALGARY, ALBERTA--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) - Rio Alto Mining Limited (TSX VENTURE:RIO)(OTCQX:RIOAF)(BVLAC:RIO)(DB Frankfurt:MS2) is pleased to announce that it has completed definitive documentation and drawn down an initial tranche of US$5 million under the previously announced US$25 million gold prepayment agreement (the "Prepayment Facility") with Red Kite Explorer Trust ("RKE"). The remaining funds have been placed in escrow and will be released upon satisfaction of certain conditions precedent typical of such an agreement and including final approval of the agreements with RKE by the TSX Venture Exchange.
The Company will deliver up to 36,800 ounces of gold from July 2011 (if fully drawn) in settlement of its Prepayment Facility as follows: 575 ounces per month until October 2012, increasing to 1,150 ounces per month from November 2012 to October 2014. These ounces represent approximately 6% of expected output from the oxide project. The actual monthly delivery of gold ounces will vary by 5% from the amounts stated above for every $100 dollar change in the gold price (up or down) from a base price of $1,150, subject to limits at $1,450 or $950 per ounce.
Rio Alto may prepay gold ounces remaining to be delivered under the Prepayment Facility, in whole or in part, at any time without penalty in either ounces of gold or the equivalent in cash at the then prevailing gold price. As security, Rio Alto has granted RKE a charge over substantially all of the Company's assets.
In addition, RKE has provided Rio Alto with a US$3 million credit facility (the "Credit Facility") that may be accessed, at the Company's election, once all of the funds placed in escrow have been utilized. The Credit Facility may be drawn upon once and for no less than the full US$3 million amount. If drawn, the Credit Facility would bear interest at the 3-month LIBOR plus 6 per cent per annum compounded annually. The Credit Facility would mature in October 2014 and may be prepaid at anytime without penalty.
Net proceeds from the Prepayment Facility may be used to develop the La Arena gold oxide project in Peru. Management expects that the Prepayment Facility together with existing working capital should be sufficient to complete construction of the oxide project. Proceeds, if any, from the Credit Facility may be used for development of the La Arena gold oxide project or related working capital requirements.
The Company paid a cash arrangement fee of US$750,000 in connection with the Prepayment and Credit Facilities and entered into a gold marketing agreement with RKE covering the expected gold production from La Arena gold oxide mine.
Anthony Hawkshaw, CFO and Director stated that, "Funds from the Prepayment and Credit Facilities will help ensure that we stay on track to deliver ore to the pad in December and complete the gold recovery plant early in the New Year without diluting our shareholders' interest in the copper/gold deposit at La Arena. We have an aggressive development schedule, but thus far our team at La Arena has met every target. Rio Alto is confident that as long as there are no extreme weather conditions at site or a force majeure event our team will complete construction and development according to the plan."
This news release contains certain forward-looking information including statements concerning the expected timing of placing ore to the leach pad and completion of a gold recovery plant, satisfaction of certain conditions precedent allowing for eventual draw down of funds in escrow and the amount of gold to be delivered to satisfy the terms of the gold prepayment agreement. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rio Alto's disclosure documents on the SEDAR website at http://www.sedar.com/. Rio Alto does not undertake to update any forward-looking information except in accordance with applicable securities laws.
To learn more about Rio Alto Mining Limited, please visit: http://www.rioaltomining.com/ or Rio Alto's SEDAR profile at http://www.sedar.com/.
About Red Kite:
Red Kite provides mining companies with project financing and metal off-take agreements for initiation or expansion of mine production. Red Kite operates across the global metals industry from offices in Bermuda, Hong Kong, London, New York, Shanghai and Sydney. Investors in Red Kite funds include college endowments, foundations, family offices, pensions and other institutional investors.
ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED
Anthony Hawkshaw, Chief Financial Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
For more information, please contact
Rio Alto Mining Limited
Anthony Hawkshaw
CFO & Director
+1 604 628 1401 or +511 625 9900
tonyh@rioaltomining.com
or
Rio Alto Mining Limited
Alejandra Gomez
Investor Relations
604.628.1401
866.393.4493 (FAX)
alejandrag@rioaltomining.com
http://www.rioaltomining.com/
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Mining Investor News; St. Eugene Mining Corporation (TSX VENTURE:SEM) Closes Private Placement
Mining Investor News; St. Eugene Mining Corporation (TSX VENTURE:SEM) Closes Private Placement
TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog) - Oct. 15, 2010) - St. Eugene Mining Corporation Ltd. (TSX VENTURE:SEM) ("St. Eugene" or the "Company") announces the closing of a non-brokered private placement offering of an aggregate gross proceeds of $1,168,008. The Company issued 6,250,066 Units at a price of $0.12 per Unit for gross proceeds of $750,008. Each of these Units are comprised of one flow-through common share and one-half of one non-flow through Purchase Warrant. Each full Purchase Warrant entitles the holder to acquire one non-flow through common share of the Company at a price of $0.16 per share for 15 months from closing, or earlier pursuant to the acceleration terms set out below.
Additionally, the Company increased the amount of its non-flow through offering from $350,000 to $418,000 by the issuance of 4,180,000 Units at a price of $0.10 per Unit. Each Unit was comprised of one non flow-through common share and one full Purchase Warrant. Each full Purchase Warrant entitles the holder to acquire one non-flow through common share of the Company at a price of $0.14 per share for period of 12 months from the date of issuance, and at $0.18 for the ensuing 6 months thereafter, or earlier pursuant to the acceleration terms set out below.
The proceeds will be allocated to the Company's Canadian projects, namely, activities associated with re-commissioning the Tartan Lake Gold Mine, as well as a follow up drill program at the Amisk Lake Gold property near Flin Flon, Manitoba.
The Offering was made to residents of any Canadian Province in reliance upon applicable exemptions from registration and prospectus requirements. The closing of the private placement remains subject to the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering are subject to a hold period of four months from the date of closing.
A finders fee equal to 7% of the gross proceeds raised, in addition to the issuance of a number of Broker's Warrants equal to 7% of the number of Units issued, was paid to qualifying arms length finders totaling $73,150.55 and 644,005 brokers warrants. Each Broker's-Warrant entitles the finder to acquire one non-flow through common share of the Company at a price of $0.10 for a period of 12 months.
If on any 20 consecutive trading days after the issuance of the Purchase Warrants, the closing sales price (or closing bid price on the days when there are no trades) of the common shares of St. Eugene on the TSX Venture Exchange is greater than $0.25, the expiry date of the Purchase Warrants shall accelerate and be automatically amended to be the 30th day after the date on which the Company gives notice to the Warrant holder of such acceleration.
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
St. Eugene Mining Corporation Ltd.
Jennifer L. Boyle, B.A., LL.B.
Chief Executive Officer
647-430-0966 (office) or 416-904-2714 (cell)
jennifer@capexgroupinc.com
or
St. Eugene Mining Corporation Ltd.
Kevin Weston
President
647-430-0966 (office) or 604-365-4477 (cell)
kevin@steugenemining.ca
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TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog) - Oct. 15, 2010) - St. Eugene Mining Corporation Ltd. (TSX VENTURE:SEM) ("St. Eugene" or the "Company") announces the closing of a non-brokered private placement offering of an aggregate gross proceeds of $1,168,008. The Company issued 6,250,066 Units at a price of $0.12 per Unit for gross proceeds of $750,008. Each of these Units are comprised of one flow-through common share and one-half of one non-flow through Purchase Warrant. Each full Purchase Warrant entitles the holder to acquire one non-flow through common share of the Company at a price of $0.16 per share for 15 months from closing, or earlier pursuant to the acceleration terms set out below.
Additionally, the Company increased the amount of its non-flow through offering from $350,000 to $418,000 by the issuance of 4,180,000 Units at a price of $0.10 per Unit. Each Unit was comprised of one non flow-through common share and one full Purchase Warrant. Each full Purchase Warrant entitles the holder to acquire one non-flow through common share of the Company at a price of $0.14 per share for period of 12 months from the date of issuance, and at $0.18 for the ensuing 6 months thereafter, or earlier pursuant to the acceleration terms set out below.
The proceeds will be allocated to the Company's Canadian projects, namely, activities associated with re-commissioning the Tartan Lake Gold Mine, as well as a follow up drill program at the Amisk Lake Gold property near Flin Flon, Manitoba.
The Offering was made to residents of any Canadian Province in reliance upon applicable exemptions from registration and prospectus requirements. The closing of the private placement remains subject to the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering are subject to a hold period of four months from the date of closing.
A finders fee equal to 7% of the gross proceeds raised, in addition to the issuance of a number of Broker's Warrants equal to 7% of the number of Units issued, was paid to qualifying arms length finders totaling $73,150.55 and 644,005 brokers warrants. Each Broker's-Warrant entitles the finder to acquire one non-flow through common share of the Company at a price of $0.10 for a period of 12 months.
If on any 20 consecutive trading days after the issuance of the Purchase Warrants, the closing sales price (or closing bid price on the days when there are no trades) of the common shares of St. Eugene on the TSX Venture Exchange is greater than $0.25, the expiry date of the Purchase Warrants shall accelerate and be automatically amended to be the 30th day after the date on which the Company gives notice to the Warrant holder of such acceleration.
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
St. Eugene Mining Corporation Ltd.
Jennifer L. Boyle, B.A., LL.B.
Chief Executive Officer
647-430-0966 (office) or 416-904-2714 (cell)
jennifer@capexgroupinc.com
or
St. Eugene Mining Corporation Ltd.
Kevin Weston
President
647-430-0966 (office) or 604-365-4477 (cell)
kevin@steugenemining.ca
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/
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Gold Stocks; Citadel Gold Mines Inc. Closes Previously Announced Financing
Gold Stocks; Citadel Gold Mines Inc. Closes Previously Announced Financing
TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) -
NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES
Citadel Gold Mines Inc. (the "Company") (TSX VENTURE:CGM.H) announces that it has completed a non-brokered private placement (the "Private Placement") of $125,000 principal amount of 6% convertible debentures ("Debentures") to Sherfam Inc. ("Sherfam"), a company controlled by Dr. Bernard Sherman, a principal shareholder and related party to the Company. NEX Exchange approval of the Private Placement was received on October 7, 2010.
The Debentures have a 24-month term, a coupon rate of 6% per annum, and are convertible into common shares of the Company at Sherfam's option (subject to mandatory conversion on the occurrence of certain events) at a conversion price of $0.10 per share, which represents a conversion ratio of 10,000 common shares for each $1,000 principal amount of Debentures.
The aggregate proceeds to the Company are $125,000, with the proceeds to be used to repay indebtedness and for general working capital purposes.
Following completion of the Private Placement, Dr. Sherman will continue to control, directly and indirectly, approximately 59.4% of the Company (up to 61.4% of the Company, assuming conversion of the aggregate principal amount of Debentures in exchange for 1,250,000 common shares of the Company).
The terms of the Private Placement were negotiated between the Company and Sherfam and were approved by the board of directors, who determined that the timing and terms of the Private Placement are in the interest of the Company and reasonable in the circumstances.
The statements used in this press release may contain forward-looking statements, and are based on the opinions and estimates of management, or on opinions and estimates provided to, and accepted by, management. These opinions and estimates include those that relate to geological and mining factors, commodity prices, and marketing parameters used by management, and speak only as of the date of this press release. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ, possibly significantly. Although the Company believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual events or results will be consistent with these forward-looking statements. Except as required by applicable law, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking information, whether as a result of new information, future developments or otherwise. Readers are therefore cautioned not to place undue reliance on any forward-looking statements.
The NEX Exchange has neither approved nor disapproved of the information contained herein.
For more information, please contact
Citadel Gold Mines Inc.
John Sadowski
President
416.675.8379
TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) -
NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES
Citadel Gold Mines Inc. (the "Company") (TSX VENTURE:CGM.H) announces that it has completed a non-brokered private placement (the "Private Placement") of $125,000 principal amount of 6% convertible debentures ("Debentures") to Sherfam Inc. ("Sherfam"), a company controlled by Dr. Bernard Sherman, a principal shareholder and related party to the Company. NEX Exchange approval of the Private Placement was received on October 7, 2010.
The Debentures have a 24-month term, a coupon rate of 6% per annum, and are convertible into common shares of the Company at Sherfam's option (subject to mandatory conversion on the occurrence of certain events) at a conversion price of $0.10 per share, which represents a conversion ratio of 10,000 common shares for each $1,000 principal amount of Debentures.
The aggregate proceeds to the Company are $125,000, with the proceeds to be used to repay indebtedness and for general working capital purposes.
Following completion of the Private Placement, Dr. Sherman will continue to control, directly and indirectly, approximately 59.4% of the Company (up to 61.4% of the Company, assuming conversion of the aggregate principal amount of Debentures in exchange for 1,250,000 common shares of the Company).
The terms of the Private Placement were negotiated between the Company and Sherfam and were approved by the board of directors, who determined that the timing and terms of the Private Placement are in the interest of the Company and reasonable in the circumstances.
The statements used in this press release may contain forward-looking statements, and are based on the opinions and estimates of management, or on opinions and estimates provided to, and accepted by, management. These opinions and estimates include those that relate to geological and mining factors, commodity prices, and marketing parameters used by management, and speak only as of the date of this press release. Forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ, possibly significantly. Although the Company believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual events or results will be consistent with these forward-looking statements. Except as required by applicable law, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking information, whether as a result of new information, future developments or otherwise. Readers are therefore cautioned not to place undue reliance on any forward-looking statements.
The NEX Exchange has neither approved nor disapproved of the information contained herein.
For more information, please contact
Citadel Gold Mines Inc.
John Sadowski
President
416.675.8379
Mining Stocks News; Canamex Silver Corp.: Final Approval Received to Change of Business, Name Change and Reinstatement as Tier 2 Issuer
Mining Stocks News; Canamex Silver Corp.: Final Approval Received to Change of Business, Name Change and Reinstatement as Tier 2 Issuer
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) - Canamex Silver Corp. (TSX VENTURE:CSQ.H) is pleased to announce that all matters disclosed in the Company's June 2, 2010 News Release have now been approved by shareholders and the TSX Venture Exchange, and the Company's change of its business to the business of a mineral exploration and development company, by virtue of the acquisition by the Company of its interest in the Bruner Property, in Nye County, Nevada, has been approved.
Accordingly, effective October 15, 2010 the Company has changed its name to Canamex Resources Corp. and, commencing at market open on Monday, October 18, 2010, the Company will commence trading as a Tier 2 mining issuer on the TSX Venture Exchange under the trading symbol "CSQ".
ON BEHALF OF THE BOARD
Richard Barnett, Chief Financial Officer
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
Canamex Silver Corp.
Richard Barnett
Chief Financial Officer
(604) 718-2800
(604) 718-2808 (FAX)
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VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) - Canamex Silver Corp. (TSX VENTURE:CSQ.H) is pleased to announce that all matters disclosed in the Company's June 2, 2010 News Release have now been approved by shareholders and the TSX Venture Exchange, and the Company's change of its business to the business of a mineral exploration and development company, by virtue of the acquisition by the Company of its interest in the Bruner Property, in Nye County, Nevada, has been approved.
Accordingly, effective October 15, 2010 the Company has changed its name to Canamex Resources Corp. and, commencing at market open on Monday, October 18, 2010, the Company will commence trading as a Tier 2 mining issuer on the TSX Venture Exchange under the trading symbol "CSQ".
ON BEHALF OF THE BOARD
Richard Barnett, Chief Financial Officer
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
Canamex Silver Corp.
Richard Barnett
Chief Financial Officer
(604) 718-2800
(604) 718-2808 (FAX)
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(TSX VENTURE:ORM) News ;Oremex Provides Clarification Regarding Projects Surrounding El Sol
(TSX VENTURE:ORM) News ;Oremex Provides Clarification Regarding Projects Surrounding El Sol
TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) - Oremex Resources Inc. (TSX VENTURE:ORM) Oremex Resources wishes to clarify its press release dated October 14, 2010 relating to its wholly-owned El Sol silver project. The Cerro Las Minitas project adjacent to El Sol remains owned by Silver Dragon Resources. Silver Dragon has not entered into any agreement to sell its interest in the project.
El Sol is also in very close proximity and near-adjacent to the Cerro Las Minitas project for which Southern Silver Exploration Corp. has entered into an agreement to acquire. Information relating to Southern Silver's agreement to acquire the Cerro Las Minitas project can be found at http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007638.
Oremex regrets any confusion that may have been caused inadvertently.
About Oremex:
Oremex is a Canadian-based exploration company with a focus on the acquisition and development of mineral properties in Mexico. The Company's Tejamen project has an inferred mineral resource of 50.8 million ounces of silver in a total of 22.6 million tonnes grading a silver-equivalent of 69.8 grams per tonne (Wardrop Engineering Report NI 43-101 compliant April 2006). Snowden Mining Industry Consultants completed a Preliminary Assessment Study (NI 43-101 compliant October 2006) demonstrating that the project can support a 10,000 tonne per day open pit, heap leach mining operation.
National Instrument 43-101 requires the following statement: that the preliminary assessment is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.
Forward-Looking Statements: The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Oremex Resources Inc.
Michael Smith
President & CEO
(416) 309-4320
info@oremex.com
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TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) - Oremex Resources Inc. (TSX VENTURE:ORM) Oremex Resources wishes to clarify its press release dated October 14, 2010 relating to its wholly-owned El Sol silver project. The Cerro Las Minitas project adjacent to El Sol remains owned by Silver Dragon Resources. Silver Dragon has not entered into any agreement to sell its interest in the project.
El Sol is also in very close proximity and near-adjacent to the Cerro Las Minitas project for which Southern Silver Exploration Corp. has entered into an agreement to acquire. Information relating to Southern Silver's agreement to acquire the Cerro Las Minitas project can be found at http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00007638.
Oremex regrets any confusion that may have been caused inadvertently.
About Oremex:
Oremex is a Canadian-based exploration company with a focus on the acquisition and development of mineral properties in Mexico. The Company's Tejamen project has an inferred mineral resource of 50.8 million ounces of silver in a total of 22.6 million tonnes grading a silver-equivalent of 69.8 grams per tonne (Wardrop Engineering Report NI 43-101 compliant April 2006). Snowden Mining Industry Consultants completed a Preliminary Assessment Study (NI 43-101 compliant October 2006) demonstrating that the project can support a 10,000 tonne per day open pit, heap leach mining operation.
National Instrument 43-101 requires the following statement: that the preliminary assessment is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.
Forward-Looking Statements: The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Oremex Resources Inc.
Michael Smith
President & CEO
(416) 309-4320
info@oremex.com
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TSX Mining Stocks; Far West Mining (TSX:FWM) Closes $10,852,126 Private Placement
TSX Mining Stocks; Far West Mining (TSX:FWM) Closes $10,852,126 Private Placement
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) - Far West Mining Ltd. (TSX:FWM) advises that it has closed the financing previously announced in September, 2010 for gross proceeds of $10,852,126.
The financing is a private placement of 2,646,860 units ("Units") at a price of $4.10 per Unit for total proceeds of $10,852,126 and was previously announced by News Releases on September 21 and 22, 2010. Each Unit consists of one common share of the Company (a "Share") and one transferable common share purchase warrant (a "Purchase Warrant"). Each Purchase Warrant entitles the holder to purchase one Share for a period of two years at an exercise price of $5.35 during the first year and at an exercise price of $5.85 during the second year. The Purchase Warrants will not be listed for trading. The Shares, Warrants and Shares issuable on exercise of the Warrants will not be subject to any hold or restricted period in Canada that extends beyond four months and one day after the closing date.
Pacific Road Resources Funds ("PRRF"), managed and advised by Pacific Road Capital Management Pty Ltd. of Sydney, Australia ("PRCM"), subscribed for 2,439,025 Units and Quadra FNX Mining Ltd. (TSX: QUX) exercised its anti-dilution participation right by subscribing for 207,835 Units. The Company paid a transaction fee of 2.5% to PRCM with respect to PRRF subscription.
The net proceeds of the financing will be used for development of the Santo Domingo Property in Chile and for exploration and working capital.
Far West Mining Ltd. is an international mineral exploration company engaged in the evaluation, acquisition, exploration and development of mining properties in Chile and Australia. For further information investors should review the Company's filings that are available at http://www.farwestmining.com/ and http://www.sedar.com/.
FAR WEST MINING LTD.
"Richard N. Zimmer"
Richard N. Zimmer, P.Eng. President and C.E.O.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For more information, please contact
Far West Mining Ltd.
Rick Zimmer
President & CEO
(604) 602-9144
or
Far West Mining Ltd.
Iain MacPhail
CFO
(604) 602-9144
http://www.farwestmining.com/
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VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 15, 2010) - Far West Mining Ltd. (TSX:FWM) advises that it has closed the financing previously announced in September, 2010 for gross proceeds of $10,852,126.
The financing is a private placement of 2,646,860 units ("Units") at a price of $4.10 per Unit for total proceeds of $10,852,126 and was previously announced by News Releases on September 21 and 22, 2010. Each Unit consists of one common share of the Company (a "Share") and one transferable common share purchase warrant (a "Purchase Warrant"). Each Purchase Warrant entitles the holder to purchase one Share for a period of two years at an exercise price of $5.35 during the first year and at an exercise price of $5.85 during the second year. The Purchase Warrants will not be listed for trading. The Shares, Warrants and Shares issuable on exercise of the Warrants will not be subject to any hold or restricted period in Canada that extends beyond four months and one day after the closing date.
Pacific Road Resources Funds ("PRRF"), managed and advised by Pacific Road Capital Management Pty Ltd. of Sydney, Australia ("PRCM"), subscribed for 2,439,025 Units and Quadra FNX Mining Ltd. (TSX: QUX) exercised its anti-dilution participation right by subscribing for 207,835 Units. The Company paid a transaction fee of 2.5% to PRCM with respect to PRRF subscription.
The net proceeds of the financing will be used for development of the Santo Domingo Property in Chile and for exploration and working capital.
Far West Mining Ltd. is an international mineral exploration company engaged in the evaluation, acquisition, exploration and development of mining properties in Chile and Australia. For further information investors should review the Company's filings that are available at http://www.farwestmining.com/ and http://www.sedar.com/.
FAR WEST MINING LTD.
"Richard N. Zimmer"
Richard N. Zimmer, P.Eng. President and C.E.O.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For more information, please contact
Far West Mining Ltd.
Rick Zimmer
President & CEO
(604) 602-9144
or
Far West Mining Ltd.
Iain MacPhail
CFO
(604) 602-9144
http://www.farwestmining.com/
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
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Mining and Energy Stocks; TSX Venture Exchange Closing Summary for October 15, 2010
Mining and Energy Stocks; TSX Venture Exchange Closing Summary for October 15, 2010
http://www.tsx.com/en/news_events/media_kit.html
Trading was very heavy on a volume of 324.0 million shares worth 170.6 million dollars.
The S&P/TSX Venture Composite Index closed up 0.50 at 1822.53
Most Active Issues by Volume Volume Name Symbol Close Change 5,940,499 Benchmark Energy Corp. BEE $0.095 -$0.010 5,713,013 Upper Canyon Minerals Corp. UCM $0.085 $0.015 5,381,700 Route1 Inc. ROI $0.250 $0.035 3,596,500 LNG Energy Ltd. LNG $0.235 -$0.015 3,524,655 Jayden Resources Inc. JDN $0.215 -$0.010 3,275,030 Cobalt Coal Corp. CBT $0.090 $0.035 3,196,950 Ashburton Ventures Inc. ABR $0.075 $0.000 2,960,620 Encore Renaissance Resources Corp. EZ $0.075 $0.000 2,888,754 Prophecy Resource Corp. PCY $0.660 $0.000 2,807,349 Gran Colombia Gold Corp. GCM $0.390 $0.010 Most Active Securities by Value Value Security Name Symbol Close Change $7,092,901 Coastal Energy Company CEN $4.200 -$0.020 $5,769,754 GASFRAC Energy Services Inc. GFS $7.100 $0.050 $4,374,923 Timmins Gold Corp. TMM $2.000 -$0.070 $3,645,864 Canacol Energy Ltd. CNE $1.520 -$0.020 $3,516,646 Silverbirch Energy Corporation SBE $5.660 $0.030 $3,326,338 ATAC Resources Ltd. ATC $7.290 $0.260 $3,125,026 Wild Stream Exploration Inc. WSX $7.050 $0.100 $3,025,999 Ithaca Energy Inc. IAE $2.140 -$0.030 $2,780,940 Second Wave Petroleum Inc. SCS $2.560 -$0.040 $2,482,852 Bear Creek Mining Corporation BCM $6.840 -$0.020
NEX Closing Summary for October 15, 2010
Trading was heavy on a volume of 3.35 million shares worth 0.30 million
dollars.
Most Active Issues by Volume Volume Name Symbol Close Change 1,477,000 Canamex Silver Corp. CSQ.H $0.085 $0.005 510,000 First Metals Inc. FMA.H $0.010 $0.005 250,000 Exchequer Resource Corp. EXQ.H $0.075 $0.005 225,000 Mira Resources Corp. MRP.H $0.305 $0.005 220,000 Atlantis Systems Corp. AIQ.H $0.030 $0.005 148,800 Cheetah Ventures Ltd. CHV.H $0.300 $0.025 130,585 Earl Resources Limited ERL.H $0.010 -$0.020 65,000 Duncan Park Holdings Corporation DPH.H $0.090 $0.000 60,000 Sphere Resources Inc. SPH.H $0.020 $0.000 50,000 FRV Media Inc. FRV.H $0.010 $0.000 Most Active Securities by Value Value Security Name Symbol Close Change $130,590 Canamex Silver Corp. CSQ.H $0.085 $0.005 $63,175 Mira Resources Corp. MRP.H $0.305 $0.005 $43,270 Cheetah Ventures Ltd. CHV.H $0.300 $0.025 $18,750 Exchequer Resource Corp. EXQ.H $0.075 $0.005 $11,650 Woodrose Corporation WRS.H $0.450 -$0.005 $6,550 Atlantis Systems Corp. AIQ.H $0.030 $0.005 $5,850 Duncan Park Holdings Corporation DPH.H $0.090 $0.000 $5,100 First Metals Inc. FMA.H $0.010 $0.005 $3,705 Lorex Technology Inc. LOX.H $0.190 -$0.050 $2,280 Afrasia Mineral Fields Inc. AFS.H $0.190 $0.015
NOTE: This document is for information purposes only and is not an invitation
to purchase any securities listed on TSX Venture Exchange and/or NEX.
While the information herein is collected and compiled with care, neither TSX
Venture Exchange Inc., TSX Inc. nor any of their respective affiliated
companies represents, warrants or guarantees the accuracy or the completeness
of the information. This information is provided with the express condition,
to which by purchasing or making use thereof you expressly consent, that no
liability shall be incurred by TSX Venture Exchange Inc., TSX Inc. and/or any
of its affiliates as a result of any use or reliance upon this information.
"S&P" is a trade-mark of The McGraw-Hill Companies, Inc. and is used under
licence by TSX Inc. and "TSX" is a trade-mark of TSX Inc.
For more information, please contact
TSX Venture Exchange - Closing Market Report
TSX Datalinx
(416) 947-4452
Email: marketdata@tsxdatalinx.com
TSX Venture Exchange - Closing Market Report
TSX Datalinx
(416) 947-4452
Email: marketdata@tsxdatalinx.com
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Investorideas.com - Gold Volume Leaders: Actively Trading OTC Stocks ($0.50-$1.00): (OTCBB: SRGZ, SILA, FLPC, FMCCN)
Investorideas.com - Gold Volume Leaders: Actively Trading OTC Stocks ($0.50-$1.00): (OTCBB: SRGZ, SILA, FLPC, FMCCN)
Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) October 15, 2010 - OTC VOLUME LEADERS (www.otcvolumeleaders.com ) reports on the most active trading stocks on the OTCBB for interested small cap investors. OTC Volume leaders ($0.50-$1.00) include Star Gold Corp. (OTCBB: SRGZ) Gold American Mining Corp. (OTCBB: SILA), First Liberty Power Corp. (OTCBB: FLPC), and Freddie Mac (OTCBB: FMCCN).
OTC/Market Commentary:
One of the OTCBB volume leader reports; Recent News; "Star Gold Corp. announced today it has released its new PowerPoint presentation which is ready for immediate viewing by the investment community on the Company's web site. To view Star Gold's PowerPoint presentation, please go to www.stargoldcorp.com and click on the "About Us" tab. The PowerPoint provides an overview of Star Gold's operations, management and directors, financials, current projects and other valuable information for current and prospective shareholders.
This comprehensive PowerPoint presentation highlights specific information regarding the Company's three current projects, the Excalibur Project, the Longstreet Project and the Jet Project."
Full Article: http://finance.yahoo.com/news/Star-Gold-Announces-Release-iw-2073952037.html?x=0&.v=1
Market Snapshot: (at time of release)
Dow 11,035.20 -59.37 -0.54%
Nasdaq 2,456.86 +21.48 +0.88%
S&P 500 1,172.36 -1.45 -0.12%
10 Yr Bond(%) 2.5690% +0.7400
Oil 81.45 -1.24 -1.50%
Gold 1,370.80 -5.90 -0.43%
OTCBB Investors: Take the few minutes to register with us at To sign up for free Newsletter http://bit.ly/otcvolumeleaders and get access to info on hundreds of the most active OTCBB companies and keep up to date with developments of the companies. Visit this company: http://www.otcvolumeleaders.com/
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Note to Editors: The Following Is an Investment Opinion Being Issued by OTC VOLUME LEADERS
Point Roberts, WA (Investorideas.com Newswire) October 15, 2010 - OTC VOLUME LEADERS (www.otcvolumeleaders.com ) reports on the most active trading stocks on the OTCBB for interested small cap investors. OTC Volume leaders ($0.50-$1.00) include Star Gold Corp. (OTCBB: SRGZ) Gold American Mining Corp. (OTCBB: SILA), First Liberty Power Corp. (OTCBB: FLPC), and Freddie Mac (OTCBB: FMCCN).
OTC/Market Commentary:
One of the OTCBB volume leader reports; Recent News; "Star Gold Corp. announced today it has released its new PowerPoint presentation which is ready for immediate viewing by the investment community on the Company's web site. To view Star Gold's PowerPoint presentation, please go to www.stargoldcorp.com and click on the "About Us" tab. The PowerPoint provides an overview of Star Gold's operations, management and directors, financials, current projects and other valuable information for current and prospective shareholders.
This comprehensive PowerPoint presentation highlights specific information regarding the Company's three current projects, the Excalibur Project, the Longstreet Project and the Jet Project."
Full Article: http://finance.yahoo.com/news/Star-Gold-Announces-Release-iw-2073952037.html?x=0&.v=1
Market Snapshot: (at time of release)
Dow 11,035.20 -59.37 -0.54%
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Thursday, October 14, 2010
Mining Investor News; Indigo (TSX VENTURE:IXI) Commences Work on Moule Gold Permit in Burkina Faso
Mining Investor News; Indigo (TSX VENTURE:IXI) Commences Work on Moule Gold Permit in Burkina Faso
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
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VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 14, 2010) - Indigo Exploration Inc. (TSX VENTURE:IXI) reports that it has started a comprehensive fall 2010 sampling exploration program on its Moule Gold Permit in Burkina Faso, West Africa, in preparation for drilling expected to follow next month. The program will consist of rock and soil sampling and trenching focused in areas that previously graded greater than 1 g/t Au. Results of the sampling program will be used to optimize and rank the sequence of the multiple drill targets.
The Moule Gold Permit covers 249 square kilometres of prospective Birimian greenstone geology. Much of West Africa is underlain by the Birimian Greenstone Belt, one of the most prolific gold producing areas in the world.
Past and current artisanal workings are scattered over the entire Moule permit. To date, there has been property-wide mapping and sampling of quartz veining and quartz float. Previous explorers subsequently focussed their efforts in a 7 kilometre by 6 kilometre area with a soil grid, detailed mapping and local induced polarization (IP) survey. Rock sampling on this grid returned 46 of 480 grab samples with gold values between 1 g/t Au and 16.5 g/t Au. Multiple long and wide linear targets are evident within the grid. One target is a 500 metre wide northwest trending corridor, traceable for at least 1.6 kilometres, where multiple shear zones and parallel multiple quartz float trends have coincident chargeability, elevated gold soil anomalies and local artisanal workings. A second target is a 2.5 kilometre long linear gold soil anomaly with coincident quartz float, chargeability high and local artisanal workings. A third target is a 0.8 kilometre long trend of quartz veining which can swarm to at least 50 metres wide, where grab samples reached a high of 7 g/t Au. In addition, other quartz trends on the property with elevated gold values in soils and rocks and local artisanal workings are worthy of future attention. Indigo geologists have identified multiple prospective targets for bulk tonnage gold systems, based on the artisanal workings combined with previous sampling programs.
Indigo plans an initial program of rock sampling, trenching and soil geochemistry over selected quartz trends to optimize drill targets. A phase one combination air core/reverse circulation drilling program up to 5,000 metres is scheduled for late November.
Indigo is earning a 100% interest, subject to a 1.5% Net Smelter Return (NSR) royalty in the Moule Gold Permit by making cash payments totalling US$410,000 over 3 years. Indigo retains the right to purchase the entire 1.5% NSR for US$1,800,000.
About Burkina Faso
The Moule property lies in the West African nation of Burkina Faso. Much of West Africa is underlain by the Birimian Greenstone Belt, one of the most prolific gold producing areas in the world. Many of the world's major gold companies are active in West Africa, several with producing mines, including: IAMGOLD Corporation, AngloGold Ashanti Limited, Randgold Resources Limited, Gold Fields Limited and Newmont Mining Corporation. Burkina Faso is politically and economically stable and relies on farming and mining as its primary sources of revenue.
In other news, Simon Tam has stepped down as a director. The board would like to extend their appreciation to Simon for his contributions to the Company.
On Behalf of the Board of Directors,
R. Tim Henneberry, P.Geo., President and CEO
Paul Cowley, P.Geo., Director of Indigo Exploration Inc., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.
Forward-Looking Statements
This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, exploration plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.
Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. All such forward-looking information and statements are based on certain assumptions and analyses made by the Company's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed, implied by or projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include but are not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the sections relating to risk factors of the Company set out in the Company's MD&A filed on SEDAR.
There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Indigo Exploration Inc.
Tim Henneberry
(604) 681-3422
Tim Henneberry
(604) 681-3422
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Mining Stocks; Goldeye (TSX VENURE:GGY) Commences New Drilling Program at Shining Tree-10,000 Metres Planned
Mining Stocks; Goldeye (TSX VENURE:GGY) Commences New Drilling Program at Shining Tree-10,000 Metres Planned
TORONTO, ONTARIO--(http://www.investorideas.com/ gold and mining stocks blog) - Oct. 14, 2010) - Goldeye Explorations Limited (TSX VENURE:GGY) ("Goldeye" or the "Company") is pleased to announce that the diamond drilling contract for the 10,000 metre program has been signed for the Company's Tyrrell properties in the Shining Tree area of Ontario.
The drilling is planned to start on October 15, 2010, with 5,000 metres slated to be completed before Christmas. The entire program is expected to consist of approximately 30 holes and will test and expand the gold mineralization associated with, and adjacent to the Tyrrell Shear Zone ("TSZ").
In addition to the drilling program, Goldeye is exploring a substantial portion of the southern part of its main Tyrrell block with the establishment of a 100 kilometer grid. Geologic mapping, prospecting, soil sampling and geophysics (magnetics and induced polarization) will be employed to provide the initial set of targets for trenching and diamond drilling. Mineralized structures related to and subparallel with the TSZ will receive particular attention.
ABOUT GOLDEYE
Goldeye is a Canadian gold-focused exploration company with properties in mineral rich, politically secure jurisdictions with long traditions of mining (Canada and Chile). Goldeye's approach is to advance precious metal deposits to the development stage, employing, in part, technically advanced geophysical techniques and occasionally joint venture funding. The qualified person (within the meaning of National Instrument 43-101) who read and approved this press release for Goldeye is Blaine R. Webster President and C.E.O. of Goldeye.
The drilling is planned to start on October 15, 2010, with 5,000 metres slated to be completed before Christmas. The entire program is expected to consist of approximately 30 holes and will test and expand the gold mineralization associated with, and adjacent to the Tyrrell Shear Zone ("TSZ").
In addition to the drilling program, Goldeye is exploring a substantial portion of the southern part of its main Tyrrell block with the establishment of a 100 kilometer grid. Geologic mapping, prospecting, soil sampling and geophysics (magnetics and induced polarization) will be employed to provide the initial set of targets for trenching and diamond drilling. Mineralized structures related to and subparallel with the TSZ will receive particular attention.
ABOUT GOLDEYE
Goldeye is a Canadian gold-focused exploration company with properties in mineral rich, politically secure jurisdictions with long traditions of mining (Canada and Chile). Goldeye's approach is to advance precious metal deposits to the development stage, employing, in part, technically advanced geophysical techniques and occasionally joint venture funding. The qualified person (within the meaning of National Instrument 43-101) who read and approved this press release for Goldeye is Blaine R. Webster President and C.E.O. of Goldeye.
For more information, please contact
Goldeye Explorations Limited
Blaine Webster
CEO
(905) 731-9367 or (905) 886-2538
bwebster@goldeye.ca
http://www.goldeye.ca/
Goldeye Explorations Limited
Blaine Webster
CEO
(905) 731-9367 or (905) 886-2538
bwebster@goldeye.ca
http://www.goldeye.ca/
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