Rye Patch Gold Corp. (OTC:RPMGF; TSX.V:RPM) Presents Nevada Project Update and Commences Drilling Program at Wilco
VANCOUVER, BRITISH COLUMBIA - April 28, 2010 (http://www.investorideas.com/ Mining Stocks Newswire) - Rye Patch Gold Corp (TSX VENTURE:RPM; OTC.BB:RPMGF; "Rye Patch Gold") is pleased to announce an update on its Nevada project portfolio. Exploration budgets totalling US$1.4M are planned and the hunt for another major Nevada acquisition is underway.
Wilco Project
The Company announces the commencement of a Spring drilling campaign at its 100% controlled Wilco project located on the Oreana trend in West Central Nevada. The campaign will complete up to 5,000-metres of reverse circulation (RC) drilling to test high-grade feeder zones in the North Basin target area and drill a new pediment target. The North Basin drillholes will have a nominal depth of 400-metres, and have been sited based on the new information gleaned from the last years drill program. The drillholes will test the newly identified structural zones for high-grade gold and silver.
In addition, exploration drilling will be initiated on the Woolsey pediment target located in the northern portion of the Wilco property. This target is outboard of an altered silicified siltstone ridge with surface rock chip and soil gold anomalies and is covered by thin veneer of pediment gravels. The altered and mineralized siltstone lithology lies above the main contact zone identified in the Section Line and Willard discovery areas. This contact has not been drilled by past operators. On and adjacent to the pediment, elevated gold and mercury values have been established and a gravity geophysical survey shows shallow pediment gravel cover. Rye Patch controls the private land where the Woolsey target is located. The Woolsey anomaly has size required for another substantial near-surface oxide deposit with significant upside potential.
In addition, drillhole composites from the 2007, 2008 and 2009 drilling campaigns will be selected for metallurgical test work on the Section Line discovery zone. Oxidized material in the drillholes covers a rectangular area measuring 1,800 metres by 1,100 metres (6,000 feet by 3,600 feet) in a series of multiple stacked zones. Rye Patch is in the process of selecting a third party to manage and complete the metallurgical test work.
The drilling and metallurgical test work will be part of an estimated US$500,000 exploration program.
Lincoln Hill Project
At Lincoln Hill, Rye Patch is completing the first ever NI43-101 resource estimate for the project. The Company has sent the geologic model and drillhole information to Scott E. Wilson Consulting who is completing the resource estimate. The Lincoln Hill resource estimate will be the Company's third Nevada gold resource property.
Following completion of the resource estimate, a drilling campaign will be designed. The drill program will have the goal of infilling and expanding the new resource. An exploration program totalling US$500,000 is planned.
Gold Ridge Project
The Gold Ridge project has several early-stage gold zones that require follow up. This early stage work will be completed during the summer with the purpose of identifying new drill targets on the property. The 100% owned Gold Ridge property covers 12 square kilometers prospective ground along the Oreana trend. The exploration work program will define drill targets. An initial targeting budget totalling US$100,000 is envisioned.
Jessup Project
The Jessup project has several targets that show potential for higher grade gold and silver associated with structural controlled breccias and breccia pipes. The targets were identified during the 2008 drill program which delineated higher grade gold and silver within breccias at the San Jacinto and North Jessup resource areas. These targets will be prioritized for a possible 2010 drill campaign. While final cost estimates are not complete, an exploration program totalling US$300,000 is planned.
Finally, the Company is reviewing and updating its proprietary Nevada acquisition list. The Company has identified several major Nevada opportunities that it intends to pursue. One or more of these trend-scale acquisitions could give Rye Patch investors the possibility to participate in a major Nevada gold opportunity.
As released on May 11, 2009 and on June 2, 2009 for the Wilco and Jessup projects respectively, Rye Patch Gold's resource inventory has 1,164,000 ounces of gold and gold equivalent in the measured and indicated category plus 2,177,315 ounces of gold and gold equivalent in the inferred category. The table summarizes Rye Patch Gold's precious metal inventory in Nevada, USA.
The Company also announces the termination of Lindsay Malcolm, as Manager Corporate Development, effective immediately.
About Rye Patch Gold
Rye Patch Gold Corp. is a Tier 1, Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold and silver projects. Rye Patch Gold is developing its primary assets - the advanced-stage Wilco, Lincoln Hill and Gold Ridge projects located along the emerging Oreana gold trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company has established gold and silver resource milestones and time frames in order to build a premier resource development company. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
William C. (Bill) Howald, CEO & President
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
(604) 638-1588
Rye Patch Gold Corp.
(604) 638-1589 (FAX)
info@ryepatchgold.com
www.ryepatchgold.com
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Wednesday, April 28, 2010
Tuesday, April 27, 2010
Mining Stocks; Inmet (TSX:IMN) Announces First Quarter Earnings of $1.42 Per Share Compared With Earnings of $1.06 Per Share in the First Quarter of 2009.
Mining Stocks; Inmet (TSX:IMN) Announces First Quarter Earnings of $1.42 Per Share Compared With Earnings of $1.06 Per Share in the First Quarter of 2009.
Toronto, Canada – ( http://www.investorideas.com/ mining stocks newswire) Inmet (TSX:IMN) announces first quarter earnings of $1.42 per share compared with earnings of $1.06 per share in the first quarter of 2009.
First quarter highlights
-- Higher metal prices
Higher copper and zinc prices increased sales by $55 million compared to the same quarter of 2009. In 2009, prices were negatively impacted by the global financial crisis.-- Improvement in operating cash flow Operating earnings were higher this quarter compared to the first quarter of 2009, and outflows of working capital were lower. In the first quarter of 2009, we had to return $48 million to smelters for finalization adjustments for shipments made in 2008.-- Higher zinc production and lower gold production Zinc production was higher because grades at Pyhasalmi were higher. Production of gold was significantly less as Troilus continued to wind down operations, drawing all of its feed from its low grade stockpile. Troilus is expected to process the last ore from stockpiles in June.-- Higher earnings from operations Earnings from our operations were $111 million compared to $93 million
last year. This was a 19 percent increase despite Troilus contributing
$43 million less.-- Las Cruces progressing on commissioning plan Las Cruces produced 4,500 tonnes of copper in the quarter, which was less than our targets for cathode production in the first quarter. Metal recoveries and cathode quality have been excellent. We successfully completed a planned 15 day shut down on March 30 to improve plant reliability, however, exceptional rainfalls in Andalucia meant we could not access the open pit for ore until April 22, which was about one month later than we had originally planned. In the mean time the plant had been processing low quality ore with high sand and clay content that had been stockpiled in the early stages of mining. With ore haulage from the pit now resumed, we will proceed with our commissioning plan. Although we are encouraged by the improvements in the plant and confident that we are on the right track, we require a period of continuous operation with representative ore from the pit to accurately predict the timing of achieving our performance targets.-- Significantly increased mineral reserves and resources at Cobre Panama On March 31, 2010, we announced the results of the front end engineering and design (FEED) study for Cobre Panama. The study showed a significant increase in mineral reserves and resources making Cobre Panama one of the largest undeveloped copper porphyry deposits in the world. Design parameters of the project have also improved considerably due to extensive environmental, social and engineering work and, the project's output and size have been expanded by 25 percent. Substantial progress has also been made in advancing our financing strategy. LS-Nikko confirmed it would retain its 20 percent equity option interest and we continue meeting with other potential partners for the project.-- We issued 9.3 million subscription receipts for gross proceeds of $500 million
On March 31, 2010, we entered into a subscription agreement with a subsidiary of Temasek Holdings (Private) Limited (Temasek), under which Temasek has agreed to buy 9.26 million subscription receipts, exchangeable on a one-for-one basis for Inmet common shares, for total proceeds of $500 million. We issued the subscription receipts on April 23, 2010 and the proceeds are being held in escrow until certain conditions relating to the share exchange are met.
Full news at http://www.inmetmining.com/Theme/Inmet/files/pdf/2010_Q1%20Press%20Release.pdf
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Toronto, Canada – ( http://www.investorideas.com/ mining stocks newswire) Inmet (TSX:IMN) announces first quarter earnings of $1.42 per share compared with earnings of $1.06 per share in the first quarter of 2009.
First quarter highlights
-- Higher metal prices
Higher copper and zinc prices increased sales by $55 million compared to the same quarter of 2009. In 2009, prices were negatively impacted by the global financial crisis.-- Improvement in operating cash flow Operating earnings were higher this quarter compared to the first quarter of 2009, and outflows of working capital were lower. In the first quarter of 2009, we had to return $48 million to smelters for finalization adjustments for shipments made in 2008.-- Higher zinc production and lower gold production Zinc production was higher because grades at Pyhasalmi were higher. Production of gold was significantly less as Troilus continued to wind down operations, drawing all of its feed from its low grade stockpile. Troilus is expected to process the last ore from stockpiles in June.-- Higher earnings from operations Earnings from our operations were $111 million compared to $93 million
last year. This was a 19 percent increase despite Troilus contributing
$43 million less.-- Las Cruces progressing on commissioning plan Las Cruces produced 4,500 tonnes of copper in the quarter, which was less than our targets for cathode production in the first quarter. Metal recoveries and cathode quality have been excellent. We successfully completed a planned 15 day shut down on March 30 to improve plant reliability, however, exceptional rainfalls in Andalucia meant we could not access the open pit for ore until April 22, which was about one month later than we had originally planned. In the mean time the plant had been processing low quality ore with high sand and clay content that had been stockpiled in the early stages of mining. With ore haulage from the pit now resumed, we will proceed with our commissioning plan. Although we are encouraged by the improvements in the plant and confident that we are on the right track, we require a period of continuous operation with representative ore from the pit to accurately predict the timing of achieving our performance targets.-- Significantly increased mineral reserves and resources at Cobre Panama On March 31, 2010, we announced the results of the front end engineering and design (FEED) study for Cobre Panama. The study showed a significant increase in mineral reserves and resources making Cobre Panama one of the largest undeveloped copper porphyry deposits in the world. Design parameters of the project have also improved considerably due to extensive environmental, social and engineering work and, the project's output and size have been expanded by 25 percent. Substantial progress has also been made in advancing our financing strategy. LS-Nikko confirmed it would retain its 20 percent equity option interest and we continue meeting with other potential partners for the project.-- We issued 9.3 million subscription receipts for gross proceeds of $500 million
On March 31, 2010, we entered into a subscription agreement with a subsidiary of Temasek Holdings (Private) Limited (Temasek), under which Temasek has agreed to buy 9.26 million subscription receipts, exchangeable on a one-for-one basis for Inmet common shares, for total proceeds of $500 million. We issued the subscription receipts on April 23, 2010 and the proceeds are being held in escrow until certain conditions relating to the share exchange are met.
Full news at http://www.inmetmining.com/Theme/Inmet/files/pdf/2010_Q1%20Press%20Release.pdf
_______________________________________________
Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Newmont Mining (NYSE:NEM) Generates First Quarter 2010 Operating Cash Flow of $728 Million; Adjusted Net Income(1) of $408 million, up 105% from First Quarter 2009
Newmont Mining (NYSE:NEM) Generates First Quarter 2010 Operating Cash Flow of $728 Million; Adjusted Net Income(1) of $408 million, up 105% from First Quarter 2009
This release should be read in conjunction with Newmont's First Quarter 2010 Form 10-Q filed with the Securities and Exchange Commission on April 27, 2010 (available at www.newmont.com)
DENVER, April 27 ( Investorideas.com Mining newswire) Newmont Mining Corporation (NYSE:NEM) ("Newmont" or the "Company") today announced first quarter results, with net cash from continuing operations of $728 million. Equity gold production for the quarter was 1.3 million ounces and the average realized gold price was $1,106 per ounce. Costs applicable to sales for gold were $480 per ounce on a co-product basis, resulting in adjusted net income(1) of $408 million ($0.83 per share) compared to $199 million ($0.42 per share) in the prior year quarter. Net income attributable to Newmont stockholders on a GAAP basis was $546 million ($1.11 per share) compared to $189 million ($0.40 per share) in the prior year quarter.
First Quarter 2010 Highlights:
•Equity gold and copper production of 1.3 million ounces and 90 million pounds, respectively;
•Average realized gold and copper price of $1,106 per ounce and $3.33 per pound, respectively;
•Costs applicable to sales for gold and copper of $480 per ounce on a co-product basis ($241 on a by-product basis) and $0.78 per pound, respectively;
•Sales of $2.2 billion, an increase of 46% over the first quarter of 2009;
•Gold operating margin(2) of 57%, up from 52% in the first quarter of 2009;
•Net cash provided from continuing operations of $728 million, up 91% from the first quarter of 2009;
•Adjusted net income(1) of $408 million ($0.83 per share), up 105% (98% on a per share basis) from the first quarter of 2009; and
•Maintaining 2010 outlook for gold production, costs applicable to sales and capital expenditures.
"With a 22% increase in our average realized gold price, our net gold operating margin expanded by 32% to $626 per ounce, further demonstrating our ability to provide significant gold price leverage through expanding cash operating margins," said Richard O'Brien, President and Chief Executive Officer. "We also recently secured the mining lease for our Akyem project in Ghana and continue our dialogue with local communities and Ghanaian authorities. In addition, we are advancing our development plans at Conga in Peru following a successful public meeting with local stakeholders. The strength of our balance sheet coupled with the progress being made on our advanced development assets, Newmont is well positioned to invest in our project pipeline while maintaining our financial strength and flexibility."
The Company is maintaining its previously announced 2010 outlook for equity gold production of 5.3 to 5.5 million ounces and costs applicable to sales of between $450 and $480 per ounce on a co-product basis. Costs applicable to sales are expected to change by approximately $5 per ounce for every $10 change in the oil price and by roughly $5 per ounce for every 0.10 change in the Australian dollar exchange rate for the remainder of the year.
Regional Operations
In the first quarter of 2010, the Company reported equity gold production of 1.3 million ounces at costs applicable to sales of $480 per ounce on a co-product basis, in line with management's expectations. Costs applicable to sales per gold ounce increased 11% in the first quarter of 2010 from 2009 due to higher mining and milling costs and lower production in Nevada and at Yanacocha in Peru.
North America
Nevada – Nevada produced 433,000 equity ounces of gold at costs applicable to sales of $610 per ounce during the first quarter. Equity gold production met expectations and costs applicable to sales were slightly higher than expected due to lower by-product credits, higher underground mining costs and higher production taxes. Gold ounces produced decreased 16% in the first quarter of 2010 from 2009 due to lower grade, throughput and recovery. Costs applicable to sales per ounce increased 20% in the first quarter of 2010 from 2009 due to lower production and higher surface mining costs related to geotechnical issues at Gold Quarry and lower capitalized mine development activities.
The Company continues to expect 2010 equity gold production from Nevada of approximately 1.6 to 1.7 million ounces at costs applicable to sales of between $590 and $630 per ounce.
La Herradura – Equity gold production at La Herradura in Mexico during the first quarter was 40,000 ounces at costs applicable to sales of $344 per ounce. Equity gold production was slightly higher than expected and costs applicable to sales were lower than expected due to higher leach placement and production from the new Soledad and Dipolos deposits. Gold ounces produced increased 60% in the first quarter of 2010 from 2009 due to the commencement of production from the Soledad and Dipolos pits in January 2010. Costs applicable to sales per ounce decreased 11% in the first quarter of 2010 from 2009 due to higher production.
The Company expects La Herradura equity gold production to reach 140,000 to 150,000 ounces in 2010 with costs applicable to sales of between $400 and $430 per ounce.
South America
Yanacocha – Equity gold production during the first quarter at Yanacocha in Peru was 217,000 ounces at costs applicable to sales of $372 per ounce. Equity gold production was lower than expected due to lower leach production partially offset by higher mill production. Costs applicable to sales were higher than expected due to higher milling costs, lower leach production, higher royalties and lower by-product credits. Gold ounces produced decreased 15% in the first quarter of 2010 from 2009 due to lower mill grade and recovery combined with lower leach tons placed related to mine sequencing. Costs applicable to sales per ounce increased 15% in the first quarter of 2010 from 2009 due to lower production, higher waste mining and higher costs related to maintenance, workers' participation and royalties.
The Company continues to expect 2010 equity gold production at Yanacocha of between 750,000 and 810,000 ounces at costs applicable to sales of between $360 and $400 per ounce.
Asia Pacific
Boddington – As the Company continues to ramp-up to full production at Boddington, equity gold and copper production during the first quarter was 158,000 ounces and 14 million pounds, respectively, at costs applicable to sales of $532 per ounce ($436 per ounce on a by-product basis(3)) and $2.15 per pound.
The Company continues to expect 2010 equity gold production at Boddington of 800,000 to 875,000 ounces with costs applicable to sales of $375 to $395 per ounce on a co-product basis ($295 to $315 per ounce on a by-product basis) and 2010 equity copper production of 65 to 75 million pounds at costs applicable to sales of between $1.30 and $1.45 per pound.
Batu Hijau – Equity gold and copper production during the first quarter at Batu Hijau in Indonesia were 88,000 ounces and 76 million pounds, respectively, at costs applicable to sales of $215 per ounce and $0.67 per pound, respectively. Equity gold and copper production were in line with expectations and costs applicable to sales were slightly better than expected due to lower mining costs and a lower allocation of costs to gold. Copper and gold produced increased 79% and 181% in the first quarter of 2010 from 2009, respectively, due to higher throughput and grade as a result of mining in the bottom of Phase 5. Costs applicable to sales decreased 25% and 47% for copper and gold, respectively, in the first quarter of 2010 from 2009 due to higher production and lower mining costs.
The Company expects 2010 equity gold and copper production at Batu Hijau to decrease to between 365,000 and 400,000 ounces, and to between 270 and 295 million pounds, respectively, due to the 2009 7% share divestiture completed in March 2010. The Company's current economic interest at Batu Hijau is 48.5%. The Company continues to expect 2010 costs applicable to sales of between $265 and $285 per ounce and $0.75 and $0.85 per pound.
Other Australia/New Zealand - Equity gold production during the first quarter was 276,000 ounces at costs applicable to sales of $558 per ounce. Equity gold production was in line with expectations as higher production at Kalgoorlie was offset by lower production at Tanami. Costs applicable to sales were slightly higher than expected due to the stronger Australian dollar. Gold ounces produced decreased 10% in the first quarter of 2010 from 2009, due to lower production at Tanami, Jundee and Waihi, partially offset by increased production at Kalgoorlie. Production decreased due to lower grade at Tamami, Jundee and Waihi and lower throughput as a result of mill maintenance at Tanami. Production increased at Kalgoorlie due to higher grade and throughput. Costs applicable to sales per ounce increased 13% in the first quarter of 2010 from 2009 due to lower production and the stronger Australian dollar.
The Company continues to expect 2010 equity gold production at the Company's other Australia/New Zealand operations of between 1.06 and 1.16 million ounces at costs applicable to sales of $530 to $570 per ounce.
Africa
Ahafo – Equity gold production during the first quarter at Ahafo in Ghana was 120,000 ounces at costs applicable to sales of $542 per ounce, in line with expectations. Gold ounces produced decreased 8% in the first quarter of 2010 from 2009 due to lower grade and recovery, partially offset by higher throughput. Costs applicable to sales per ounce increased 36% in the first quarter of 2010 from 2009 due to lower production and higher labor and fuel costs.
The Company continues to expect 2010 equity gold production at Ahafo of between 460,000 and 500,000 ounces at costs applicable to sales of $515 to $555 per ounce.
Capital Update
Consolidated capital expenditures were $309 million during the first quarter. The Company is maintaining its 2010 consolidated capital expenditure outlook of between $1.4 and $1.6 billion with approximately 30% to be invested in each of the North America and Asia Pacific regions, and the remaining 40% at other locations. Approximately 40% of 2010 consolidated capital expenditures is expected to be related to major project initiatives, including further development of the Company's Akyem project in Ghana, the Conga project in Peru, Hope Bay in Canada and other projects, while the remaining 60% is expected to be for maintenance and sustaining expenditures.
Updated 2010 Outlook(4)
In addition to the minor production outlook adjustments related to the recent Batu Hijau share divestiture, the Company is increasing outlook for Advanced Products and R&D spending to $230 to $250 million. The increase is primarily related to higher anticipated spending at Hope Bay as preparations are being made to develop the decline in the second half of 2010.
Description
Q1 Update
2010 Original
Equity gold production (Kozs)
5,300 – 5,500
5,300 – 5,500
Costs applicable to sales - Gold ($/oz)
$450 – $480
$450 – $480
Equity copper production (Mlbs)
330 – 360
350 – 380
Costs applicable to sales - Copper ($/lb)
$0.85 – $0.95
$0.85 – $0.95
Capital expenditures ($M)
$1,400 – $1,600
$1,400 – $1,600
Amortization ($M)
$970 - $1,000
$940 – $970
Exploration ($M)
$190 – $220
$190 – $220
Advanced projects, research and development ($M)
$230 – $250
$185 – $210
General & administrative ($M)
$160 – $170
$160 – $170
Interest expense, net of capitalized interest ($M)
$270 – $290
$270 – $290
Effective tax rate
24% – 28%
28% – 32%
Assumptions
Oil price ($/bbl)
$80
$80
Australian dollar exchange rate
0.90
0.80
Gold price ($/oz)
$1,100
$900
Copper price ($/lb)
$3.00
$2.50
(4) All references to expected production and outlook guidance are based on current mine plans, assumptions and current geotechnical, metallurgical, hydrological and other physical conditions. See "Cautionary Statement" on page 12.
(4) All references to expected production and outlook guidance are based on current mine plans, assumptions and current geotechnical, metallurgical, hydrological and other physical conditions
For full financial tables or to view complete financial disclosure, including regional mine statistics, Results of Consolidated Operations, Liquidity and Capital Resources, Management's Discussion & Analysis, the Form 10-Q, and a complete outline of the 2009 Operating and Financial guidance by region, please see http://ir.newmont.com/phoenix.zhtml?c=66018&p=irol-news&nyo=0.
The Company's first quarter and earnings conference call and web cast presentation will be held on Tuesday, April 27, 2010 beginning at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time). To participate:
Dial-In Number
800.369.1673
Intl Dial-In Number
517.308.9349
Leader
John Seaberg
Passcode
Newmont
Replay Number
888.568.0526
Intl Replay Number
203.369.3194
Replay Passcode
2010
The conference call also will be simultaneously carried on our web site at http://ir.newmont.com/phoenix.zhtml?c=66018&p=irol-news&nyo=0 under Investor Relations/Presentations and will be archived there for a limited time.
Cautionary Statement
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation: (i) estimates of future production and sales; (ii) estimates of future capital expenditures, costs applicable to sales, other expenses and taxes, for specific operations and on a consolidated basis; (iii) statements regarding future exploration expenditures, results and reserves; (iv) statements regarding fluctuations in capital and currency markets; (v) statements regarding potential cost savings, productivity, operating performance, and cost structure; and (vi) expectations regarding the ramp-up, development, mine life, production and costs applicable to sales and exploration potential of the Company's projects, including Boddington, Akyem, Conga and Hope Bay. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company's projects being consistent with current expectations and mine plans; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar, as well as other the exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper and oil; (vi) certain assumptions for taxes, royalties and other expenses; (vii) prices for key supplies being approximately consistent with current levels; and (viii) the accuracy of our current mineral reserve and mineral resource estimates. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the countries in which we operate, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company's 2009 Annual Report on Form 10-K, filed on February 25, 2010, with the Securities and Exchange Commission, as well as the Company's other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
(1) See reconciliation of adjusted net income to net income on a GAAP basis on page 10.
(2 ) “Gold operating margin” defined as average realized price per ounce less costs applicable to sales per ounce, excluding amortization and reclamation per ounce.
(3) See reconciliation from by-product costs applicable to sales to GAAP costs applicable to sales on page 11.
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This release should be read in conjunction with Newmont's First Quarter 2010 Form 10-Q filed with the Securities and Exchange Commission on April 27, 2010 (available at www.newmont.com)
DENVER, April 27 ( Investorideas.com Mining newswire) Newmont Mining Corporation (NYSE:NEM) ("Newmont" or the "Company") today announced first quarter results, with net cash from continuing operations of $728 million. Equity gold production for the quarter was 1.3 million ounces and the average realized gold price was $1,106 per ounce. Costs applicable to sales for gold were $480 per ounce on a co-product basis, resulting in adjusted net income(1) of $408 million ($0.83 per share) compared to $199 million ($0.42 per share) in the prior year quarter. Net income attributable to Newmont stockholders on a GAAP basis was $546 million ($1.11 per share) compared to $189 million ($0.40 per share) in the prior year quarter.
First Quarter 2010 Highlights:
•Equity gold and copper production of 1.3 million ounces and 90 million pounds, respectively;
•Average realized gold and copper price of $1,106 per ounce and $3.33 per pound, respectively;
•Costs applicable to sales for gold and copper of $480 per ounce on a co-product basis ($241 on a by-product basis) and $0.78 per pound, respectively;
•Sales of $2.2 billion, an increase of 46% over the first quarter of 2009;
•Gold operating margin(2) of 57%, up from 52% in the first quarter of 2009;
•Net cash provided from continuing operations of $728 million, up 91% from the first quarter of 2009;
•Adjusted net income(1) of $408 million ($0.83 per share), up 105% (98% on a per share basis) from the first quarter of 2009; and
•Maintaining 2010 outlook for gold production, costs applicable to sales and capital expenditures.
"With a 22% increase in our average realized gold price, our net gold operating margin expanded by 32% to $626 per ounce, further demonstrating our ability to provide significant gold price leverage through expanding cash operating margins," said Richard O'Brien, President and Chief Executive Officer. "We also recently secured the mining lease for our Akyem project in Ghana and continue our dialogue with local communities and Ghanaian authorities. In addition, we are advancing our development plans at Conga in Peru following a successful public meeting with local stakeholders. The strength of our balance sheet coupled with the progress being made on our advanced development assets, Newmont is well positioned to invest in our project pipeline while maintaining our financial strength and flexibility."
The Company is maintaining its previously announced 2010 outlook for equity gold production of 5.3 to 5.5 million ounces and costs applicable to sales of between $450 and $480 per ounce on a co-product basis. Costs applicable to sales are expected to change by approximately $5 per ounce for every $10 change in the oil price and by roughly $5 per ounce for every 0.10 change in the Australian dollar exchange rate for the remainder of the year.
Regional Operations
In the first quarter of 2010, the Company reported equity gold production of 1.3 million ounces at costs applicable to sales of $480 per ounce on a co-product basis, in line with management's expectations. Costs applicable to sales per gold ounce increased 11% in the first quarter of 2010 from 2009 due to higher mining and milling costs and lower production in Nevada and at Yanacocha in Peru.
North America
Nevada – Nevada produced 433,000 equity ounces of gold at costs applicable to sales of $610 per ounce during the first quarter. Equity gold production met expectations and costs applicable to sales were slightly higher than expected due to lower by-product credits, higher underground mining costs and higher production taxes. Gold ounces produced decreased 16% in the first quarter of 2010 from 2009 due to lower grade, throughput and recovery. Costs applicable to sales per ounce increased 20% in the first quarter of 2010 from 2009 due to lower production and higher surface mining costs related to geotechnical issues at Gold Quarry and lower capitalized mine development activities.
The Company continues to expect 2010 equity gold production from Nevada of approximately 1.6 to 1.7 million ounces at costs applicable to sales of between $590 and $630 per ounce.
La Herradura – Equity gold production at La Herradura in Mexico during the first quarter was 40,000 ounces at costs applicable to sales of $344 per ounce. Equity gold production was slightly higher than expected and costs applicable to sales were lower than expected due to higher leach placement and production from the new Soledad and Dipolos deposits. Gold ounces produced increased 60% in the first quarter of 2010 from 2009 due to the commencement of production from the Soledad and Dipolos pits in January 2010. Costs applicable to sales per ounce decreased 11% in the first quarter of 2010 from 2009 due to higher production.
The Company expects La Herradura equity gold production to reach 140,000 to 150,000 ounces in 2010 with costs applicable to sales of between $400 and $430 per ounce.
South America
Yanacocha – Equity gold production during the first quarter at Yanacocha in Peru was 217,000 ounces at costs applicable to sales of $372 per ounce. Equity gold production was lower than expected due to lower leach production partially offset by higher mill production. Costs applicable to sales were higher than expected due to higher milling costs, lower leach production, higher royalties and lower by-product credits. Gold ounces produced decreased 15% in the first quarter of 2010 from 2009 due to lower mill grade and recovery combined with lower leach tons placed related to mine sequencing. Costs applicable to sales per ounce increased 15% in the first quarter of 2010 from 2009 due to lower production, higher waste mining and higher costs related to maintenance, workers' participation and royalties.
The Company continues to expect 2010 equity gold production at Yanacocha of between 750,000 and 810,000 ounces at costs applicable to sales of between $360 and $400 per ounce.
Asia Pacific
Boddington – As the Company continues to ramp-up to full production at Boddington, equity gold and copper production during the first quarter was 158,000 ounces and 14 million pounds, respectively, at costs applicable to sales of $532 per ounce ($436 per ounce on a by-product basis(3)) and $2.15 per pound.
The Company continues to expect 2010 equity gold production at Boddington of 800,000 to 875,000 ounces with costs applicable to sales of $375 to $395 per ounce on a co-product basis ($295 to $315 per ounce on a by-product basis) and 2010 equity copper production of 65 to 75 million pounds at costs applicable to sales of between $1.30 and $1.45 per pound.
Batu Hijau – Equity gold and copper production during the first quarter at Batu Hijau in Indonesia were 88,000 ounces and 76 million pounds, respectively, at costs applicable to sales of $215 per ounce and $0.67 per pound, respectively. Equity gold and copper production were in line with expectations and costs applicable to sales were slightly better than expected due to lower mining costs and a lower allocation of costs to gold. Copper and gold produced increased 79% and 181% in the first quarter of 2010 from 2009, respectively, due to higher throughput and grade as a result of mining in the bottom of Phase 5. Costs applicable to sales decreased 25% and 47% for copper and gold, respectively, in the first quarter of 2010 from 2009 due to higher production and lower mining costs.
The Company expects 2010 equity gold and copper production at Batu Hijau to decrease to between 365,000 and 400,000 ounces, and to between 270 and 295 million pounds, respectively, due to the 2009 7% share divestiture completed in March 2010. The Company's current economic interest at Batu Hijau is 48.5%. The Company continues to expect 2010 costs applicable to sales of between $265 and $285 per ounce and $0.75 and $0.85 per pound.
Other Australia/New Zealand - Equity gold production during the first quarter was 276,000 ounces at costs applicable to sales of $558 per ounce. Equity gold production was in line with expectations as higher production at Kalgoorlie was offset by lower production at Tanami. Costs applicable to sales were slightly higher than expected due to the stronger Australian dollar. Gold ounces produced decreased 10% in the first quarter of 2010 from 2009, due to lower production at Tanami, Jundee and Waihi, partially offset by increased production at Kalgoorlie. Production decreased due to lower grade at Tamami, Jundee and Waihi and lower throughput as a result of mill maintenance at Tanami. Production increased at Kalgoorlie due to higher grade and throughput. Costs applicable to sales per ounce increased 13% in the first quarter of 2010 from 2009 due to lower production and the stronger Australian dollar.
The Company continues to expect 2010 equity gold production at the Company's other Australia/New Zealand operations of between 1.06 and 1.16 million ounces at costs applicable to sales of $530 to $570 per ounce.
Africa
Ahafo – Equity gold production during the first quarter at Ahafo in Ghana was 120,000 ounces at costs applicable to sales of $542 per ounce, in line with expectations. Gold ounces produced decreased 8% in the first quarter of 2010 from 2009 due to lower grade and recovery, partially offset by higher throughput. Costs applicable to sales per ounce increased 36% in the first quarter of 2010 from 2009 due to lower production and higher labor and fuel costs.
The Company continues to expect 2010 equity gold production at Ahafo of between 460,000 and 500,000 ounces at costs applicable to sales of $515 to $555 per ounce.
Capital Update
Consolidated capital expenditures were $309 million during the first quarter. The Company is maintaining its 2010 consolidated capital expenditure outlook of between $1.4 and $1.6 billion with approximately 30% to be invested in each of the North America and Asia Pacific regions, and the remaining 40% at other locations. Approximately 40% of 2010 consolidated capital expenditures is expected to be related to major project initiatives, including further development of the Company's Akyem project in Ghana, the Conga project in Peru, Hope Bay in Canada and other projects, while the remaining 60% is expected to be for maintenance and sustaining expenditures.
Updated 2010 Outlook(4)
In addition to the minor production outlook adjustments related to the recent Batu Hijau share divestiture, the Company is increasing outlook for Advanced Products and R&D spending to $230 to $250 million. The increase is primarily related to higher anticipated spending at Hope Bay as preparations are being made to develop the decline in the second half of 2010.
Description
Q1 Update
2010 Original
Equity gold production (Kozs)
5,300 – 5,500
5,300 – 5,500
Costs applicable to sales - Gold ($/oz)
$450 – $480
$450 – $480
Equity copper production (Mlbs)
330 – 360
350 – 380
Costs applicable to sales - Copper ($/lb)
$0.85 – $0.95
$0.85 – $0.95
Capital expenditures ($M)
$1,400 – $1,600
$1,400 – $1,600
Amortization ($M)
$970 - $1,000
$940 – $970
Exploration ($M)
$190 – $220
$190 – $220
Advanced projects, research and development ($M)
$230 – $250
$185 – $210
General & administrative ($M)
$160 – $170
$160 – $170
Interest expense, net of capitalized interest ($M)
$270 – $290
$270 – $290
Effective tax rate
24% – 28%
28% – 32%
Assumptions
Oil price ($/bbl)
$80
$80
Australian dollar exchange rate
0.90
0.80
Gold price ($/oz)
$1,100
$900
Copper price ($/lb)
$3.00
$2.50
(4) All references to expected production and outlook guidance are based on current mine plans, assumptions and current geotechnical, metallurgical, hydrological and other physical conditions. See "Cautionary Statement" on page 12.
(4) All references to expected production and outlook guidance are based on current mine plans, assumptions and current geotechnical, metallurgical, hydrological and other physical conditions
For full financial tables or to view complete financial disclosure, including regional mine statistics, Results of Consolidated Operations, Liquidity and Capital Resources, Management's Discussion & Analysis, the Form 10-Q, and a complete outline of the 2009 Operating and Financial guidance by region, please see http://ir.newmont.com/phoenix.zhtml?c=66018&p=irol-news&nyo=0.
The Company's first quarter and earnings conference call and web cast presentation will be held on Tuesday, April 27, 2010 beginning at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time). To participate:
Dial-In Number
800.369.1673
Intl Dial-In Number
517.308.9349
Leader
John Seaberg
Passcode
Newmont
Replay Number
888.568.0526
Intl Replay Number
203.369.3194
Replay Passcode
2010
The conference call also will be simultaneously carried on our web site at http://ir.newmont.com/phoenix.zhtml?c=66018&p=irol-news&nyo=0 under Investor Relations/Presentations and will be archived there for a limited time.
Cautionary Statement
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended which are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation: (i) estimates of future production and sales; (ii) estimates of future capital expenditures, costs applicable to sales, other expenses and taxes, for specific operations and on a consolidated basis; (iii) statements regarding future exploration expenditures, results and reserves; (iv) statements regarding fluctuations in capital and currency markets; (v) statements regarding potential cost savings, productivity, operating performance, and cost structure; and (vi) expectations regarding the ramp-up, development, mine life, production and costs applicable to sales and exploration potential of the Company's projects, including Boddington, Akyem, Conga and Hope Bay. Estimates or expectations of future events or results are based upon certain assumptions, which may prove to be incorrect. Such assumptions, include, but are not limited to: (i) there being no significant change to current geotechnical, metallurgical, hydrological and other physical conditions; (ii) permitting, development, operations and expansion of the Company's projects being consistent with current expectations and mine plans; (iii) political developments in any jurisdiction in which the Company operates being consistent with its current expectations; (iv) certain exchange rate assumptions for the Australian dollar to the U.S. dollar, as well as other the exchange rates being approximately consistent with current levels; (v) certain price assumptions for gold, copper and oil; (vi) certain assumptions for taxes, royalties and other expenses; (vii) prices for key supplies being approximately consistent with current levels; and (viii) the accuracy of our current mineral reserve and mineral resource estimates. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, political and operational risks in the countries in which we operate, and governmental regulation and judicial outcomes. For a more detailed discussion of such risks and other factors, see the Company's 2009 Annual Report on Form 10-K, filed on February 25, 2010, with the Securities and Exchange Commission, as well as the Company's other SEC filings. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
(1) See reconciliation of adjusted net income to net income on a GAAP basis on page 10.
(2 ) “Gold operating margin” defined as average realized price per ounce less costs applicable to sales per ounce, excluding amortization and reclamation per ounce.
(3) See reconciliation from by-product costs applicable to sales to GAAP costs applicable to sales on page 11.
______________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. http://www.investorideas.com/Gold_Stocks/Stocks_List.asp Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase. Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
Friday, April 23, 2010
Gold Stock Trading Alert for Soltera Mining Corp. (OTCPK: SLTA), Stock up 42%
Gold Stock Trading Alert for Soltera Mining Corp. (OTCPK: SLTA), Stock up 42%
April 23 , 2010 - www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com issue a technical trading alert for showcase gold mining stock Soltera Mining Corp. (OTCPK:SLTA.) FRANKFURT: SN7).
The stock is currently trading at $0.15 USD, up $ 0.05 (42.86%) on the day.
http://ca.finance.yahoo.com/q/bc?s=SLTA.PK&t=5d&l=on&z=m&q=l&c=
Recent News and Commentary:
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Lisa Springer, CFA
Equity research analyst and financial writer
Excerpt:
Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually.
Read Full Article: http://www.investorideas.com/CO/SLTA/news/4151.asp
News:
April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.
Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:
* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and
* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
Full Press Release: http://www.investorideas.com/CO/SLTA/news/4121.asp
Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile release for Soltera Mining is a paid for submission. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
http://www.investorideas.com/About/News/Clientspecifics.asp
Contact Soltera Mining Corp.
Fabio Montanari, President/COO
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
__________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
April 23 , 2010 - www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com issue a technical trading alert for showcase gold mining stock Soltera Mining Corp. (OTCPK:SLTA.) FRANKFURT: SN7).
The stock is currently trading at $0.15 USD, up $ 0.05 (42.86%) on the day.
http://ca.finance.yahoo.com/q/bc?s=SLTA.PK&t=5d&l=on&z=m&q=l&c=
Recent News and Commentary:
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Lisa Springer, CFA
Equity research analyst and financial writer
Excerpt:
Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually.
Read Full Article: http://www.investorideas.com/CO/SLTA/news/4151.asp
News:
April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.
Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:
* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and
* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
Full Press Release: http://www.investorideas.com/CO/SLTA/news/4121.asp
Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile release for Soltera Mining is a paid for submission. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
http://www.investorideas.com/About/News/Clientspecifics.asp
Contact Soltera Mining Corp.
Fabio Montanari, President/COO
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
__________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Gold Bullion (TSX-V: GBB) Outlines Large Mineralized System at Granada
Gold Bullion (TSX-V: GBB) Outlines Large Mineralized System at Granada
VANCOUVER, BRITISH COLUMBIA - April 23, 2010 (Investorideas.com Mining stocks Newswire) Mr. Frank J. Basa reports:
Gold Bullion Development Corp. (TSX VENTURE:GBB; PINK SHEETS:GBBFF; the "Company" or "Gold Bullion") is pleased to announce significant progress in the development of its 100% owned Granada Gold Property as a potential bulk tonnage, open-pit deposit. The Granada Gold Property ("Granada") is located five kilometers south of Rouyn-Noranda, Quebec, along the prolific "Cadillac Trend" which has produced numerous multi-million ounce gold deposits.
The 5 Stocks to Own in 2010 -- Free Report!A Preliminary Block Model, which excludes the recent discovery in the northeast section of the LONG Bars Zone, has outlined a gold mineralized system at Granada that offers a potential resource of 2.4 to 2.6 million ounces. This figure represents a defined area with a strike length of 600 metres, a width of 500 metres at an angle of 50 degrees from horizontal, and an average true thickness of 70 metres.
The potential resource of 2.4 to 2.6 million ounces is derived from an average of 55 million tonnes (using a 40 to 100 metre true thickness gives 30 to 80 million tonnes respectively) of potential gold mineralization at a specific gravity of 2.65 tonnes per cubic metre grading 1.38 g/t Au to 1.46 g/t Au (a 15% dilution factor was applied to the bulk sample grade of 1.62 g/t Au and a weighted bulk sample/waste pile grade of 1.72 g/t Au). These potential dimensions, quantities and grades are conceptual in nature and there has been insufficient work to date to define a National Instrument 43-101 compliant mineral resource on the property. Furthermore, it is uncertain if additional exploration will result in the discovery of an economic mineral resource on the property. The above-quoted figures are reported as an exploration target, based on reasonable assumptions made from compiled data. The figures should not be construed to reflect a calculated resource (inferred, indicated or measured) under standards of National Instrument 43-101.
Historical data consisting of approximately 26,000 metres of drilling in 471 near-surface holes and developed underground workings were integrated by GENIVAR, Gold Bullion's geological consultant, with some of the Company's recent drilling as well as its 30,000 tonne surface bulk sample from 2007 to produce the Preliminary Block Model.
Granada is a sediment-hosted, structurally controlled mesothermal gold deposit. It is underlain by late Archean Timiskaming and Pontiac Group sediments that have been intruded by a series of porphyritic sills and dykes. A wide zone of sub-parallel shears, characterized by intense alteration and quartz veining, has been identified adjacent to the Cadillac Fault - a major focus for large gold deposits in Quebec - which traverses the northern part of the property. Historic mining operations at Granada concentrated on high grade, more continuous quartz veins, but wider, structurally controlled zones of gold mineralization have been identified within the shear systems that are amenable to open- pit, bulk mining methods.
"Our strategic and systematic exploration approach with Granada is proving successful," explains Gold Bullion's President & CEO, Frank J. Basa. "We did a very large bulk sample prior to any of our own drilling to determine grade and gain other valuable geological information. We then did a small 2,800 metre shallow drill program in December 2009 and January 2010 to test for structure and confirm the dimensional validity of the Block Model. Now we're ready to extensively drill this property for grade and tonnage."
"The progress we have made since December at Granada is extremely encouraging," adds Basa. "The Block Model gives us a strong foundation to build on. Our objective moving forward includes extending the mineralized system and completing in-fill and definition drilling in preparation for an updated Block Model by the fall and a preliminary resource calculation by year-end that will be NI 43-101 compliant. Granada has excellent potential to develop into a very large bulk tonnage deposit, surrounded by all the necessary infrastructure and amenable to open-pit mining. Gold Bullion is in its strongest cash position ever and we will use this new financial strength to aggressively develop this property beginning with a major new drill program that will commence shortly."
Northeast Discovery
As exploration at Granada resumes, an immediate priority is substantial further drilling in the northeast section of the LONG Bars Zone where previously reported holes GR-10-15 (north) and GR-10-17 (east) outlined a significant discovery of shallow depth mineralization approximately 600 metres east-northeast of the past producing Granada Pit #1 mine workings and outside the Preliminary Block Model. The Company will complete infill drilling around holes 14 to 18 and aggressively move further north and east in order to define and expand this potential new resource. Gold Bullion's exploration to date in the northeast area, along with historical work that included detailed ground geophysics and geological mapping, has outlined a number of significant auriferous structures contained within a wide, east-west trending zone of shearing, alteration and quartz veining north and east of the Block Model.
The Company has received assay results on the remaining two shallow holes in the northeast area. GR- 10-18, located approximately 125 metres southwest of GR-10-17, intersected 19 metres of 1.02 grams per tonne. GR-10-16, 100 metres west-southwest of GR-10-17, assayed 0.54 grams per tonne over 7.3 metres. Drilling intersected impressive structure and alteration in both holes and confirmed the continuity of mineralization along strike.
Southwestern Extension Discovered
In other drilling highlights, GR-10-21 - 50 metres outside the western boundary of the Block Model and nearly 800 metres southwest of GR-10-17 - has returned 20 metres of 2.2 g/t Au at shallow depth (3.50 metres to 23.5 metres) within a wider interval of 65.6 metres grading 0.72 g/t Au. The Company is eager to conduct substantial additional drilling west and south of GR-10-21 to further extend the LONG Bars Zone.
GR-10-13, 125 metres east-northeast of GR-10-21 and in between Pit #1 and Pit #2 West, intersected 27.75 metres grading 1.27 g/t Au within a wider interval of 0.56 g/t Au over 66 metres (from 3.50 to 69 metres).
All drill holes were planned to intercept the north-dipping vein structures at high angles. No intersections are actual true width.
Complete preliminary assay results from all 25 holes (2,817 metres) of Gold Bullion's Phase 1 shallow drill program at Granada can be found at the Company's web site (www.GoldBullionDevelopmentCorp.com) along with the Preliminary Block Model and drill hole locations. Core sections from some holes have yet to be assayed.
With silver, copper and nickel credits in Gold Bullion's 2007 bulk sample, as already reported, and some further evidence of silver and base metal mineralization in a few of the 25 holes drilled so far at Granada, the Company will be assaying all future drill holes for base metal and silver values and will also be re- assaying historical core for evidence of copper, nickel and silver.
Gold mineralization at Granada, which has been encountered in each and every hole drilled by Gold Bullion so far, is open in all directions. It is near-surface and appears to be broad-based, extending into areas that were never drilled by previous operators. Gold Bullion's 30,000 tonne bulk sample in 2007 also clearly demonstrated that mineralization at Granada is amenable to conventional, very cost effective gold recovery techniques with a high rate of recovery (90%).
Gold Bullion recently announced it had more than doubled its Granada Gold Property land package with the designation of an additional 2,812 hectares with the Quebec Ministry of Natural Resources. The Granada Gold Property now comprises 4,893 hectares, a nearly 70-fold increase from the original 71 hectares the Company started with at the former producing Granada Gold Mine in 2006.
Given Granada's strong potential to host a significant bulk tonnage, open-pit deposit, the Company has expanded and accelerated its exploration plans beginning with 20,000 metres of immediate new drilling. This work will commence within two weeks with one drill rig already scheduled to be on the property by May 1.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX VENTURE:GBB; PINK SHEETS:GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President, who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
Frank J. Basa, P.Eng., President and Chief Executive Officer
This news release may contain forward- looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Frank J. Basa, P.Eng.
Gold Bullion Development Corp.
President and CEO
1-416-625-2342
Roger Thomas
Gold Bullion Development Corp.
Director
1-613-292-2438
www.GoldBullionDevelopmentCorp.com
Disclosure: GBB is a paid advertising client on Investorideas.com and our mining portals.
Visit the GBB showcase profile at Investorideas.com
Request News and Info on GBB
Published at Investorideas.com and http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/
portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
___________________________________________________
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VANCOUVER, BRITISH COLUMBIA - April 23, 2010 (Investorideas.com Mining stocks Newswire) Mr. Frank J. Basa reports:
Gold Bullion Development Corp. (TSX VENTURE:GBB; PINK SHEETS:GBBFF; the "Company" or "Gold Bullion") is pleased to announce significant progress in the development of its 100% owned Granada Gold Property as a potential bulk tonnage, open-pit deposit. The Granada Gold Property ("Granada") is located five kilometers south of Rouyn-Noranda, Quebec, along the prolific "Cadillac Trend" which has produced numerous multi-million ounce gold deposits.
The 5 Stocks to Own in 2010 -- Free Report!A Preliminary Block Model, which excludes the recent discovery in the northeast section of the LONG Bars Zone, has outlined a gold mineralized system at Granada that offers a potential resource of 2.4 to 2.6 million ounces. This figure represents a defined area with a strike length of 600 metres, a width of 500 metres at an angle of 50 degrees from horizontal, and an average true thickness of 70 metres.
The potential resource of 2.4 to 2.6 million ounces is derived from an average of 55 million tonnes (using a 40 to 100 metre true thickness gives 30 to 80 million tonnes respectively) of potential gold mineralization at a specific gravity of 2.65 tonnes per cubic metre grading 1.38 g/t Au to 1.46 g/t Au (a 15% dilution factor was applied to the bulk sample grade of 1.62 g/t Au and a weighted bulk sample/waste pile grade of 1.72 g/t Au). These potential dimensions, quantities and grades are conceptual in nature and there has been insufficient work to date to define a National Instrument 43-101 compliant mineral resource on the property. Furthermore, it is uncertain if additional exploration will result in the discovery of an economic mineral resource on the property. The above-quoted figures are reported as an exploration target, based on reasonable assumptions made from compiled data. The figures should not be construed to reflect a calculated resource (inferred, indicated or measured) under standards of National Instrument 43-101.
Historical data consisting of approximately 26,000 metres of drilling in 471 near-surface holes and developed underground workings were integrated by GENIVAR, Gold Bullion's geological consultant, with some of the Company's recent drilling as well as its 30,000 tonne surface bulk sample from 2007 to produce the Preliminary Block Model.
Granada is a sediment-hosted, structurally controlled mesothermal gold deposit. It is underlain by late Archean Timiskaming and Pontiac Group sediments that have been intruded by a series of porphyritic sills and dykes. A wide zone of sub-parallel shears, characterized by intense alteration and quartz veining, has been identified adjacent to the Cadillac Fault - a major focus for large gold deposits in Quebec - which traverses the northern part of the property. Historic mining operations at Granada concentrated on high grade, more continuous quartz veins, but wider, structurally controlled zones of gold mineralization have been identified within the shear systems that are amenable to open- pit, bulk mining methods.
"Our strategic and systematic exploration approach with Granada is proving successful," explains Gold Bullion's President & CEO, Frank J. Basa. "We did a very large bulk sample prior to any of our own drilling to determine grade and gain other valuable geological information. We then did a small 2,800 metre shallow drill program in December 2009 and January 2010 to test for structure and confirm the dimensional validity of the Block Model. Now we're ready to extensively drill this property for grade and tonnage."
"The progress we have made since December at Granada is extremely encouraging," adds Basa. "The Block Model gives us a strong foundation to build on. Our objective moving forward includes extending the mineralized system and completing in-fill and definition drilling in preparation for an updated Block Model by the fall and a preliminary resource calculation by year-end that will be NI 43-101 compliant. Granada has excellent potential to develop into a very large bulk tonnage deposit, surrounded by all the necessary infrastructure and amenable to open-pit mining. Gold Bullion is in its strongest cash position ever and we will use this new financial strength to aggressively develop this property beginning with a major new drill program that will commence shortly."
Northeast Discovery
As exploration at Granada resumes, an immediate priority is substantial further drilling in the northeast section of the LONG Bars Zone where previously reported holes GR-10-15 (north) and GR-10-17 (east) outlined a significant discovery of shallow depth mineralization approximately 600 metres east-northeast of the past producing Granada Pit #1 mine workings and outside the Preliminary Block Model. The Company will complete infill drilling around holes 14 to 18 and aggressively move further north and east in order to define and expand this potential new resource. Gold Bullion's exploration to date in the northeast area, along with historical work that included detailed ground geophysics and geological mapping, has outlined a number of significant auriferous structures contained within a wide, east-west trending zone of shearing, alteration and quartz veining north and east of the Block Model.
The Company has received assay results on the remaining two shallow holes in the northeast area. GR- 10-18, located approximately 125 metres southwest of GR-10-17, intersected 19 metres of 1.02 grams per tonne. GR-10-16, 100 metres west-southwest of GR-10-17, assayed 0.54 grams per tonne over 7.3 metres. Drilling intersected impressive structure and alteration in both holes and confirmed the continuity of mineralization along strike.
Southwestern Extension Discovered
In other drilling highlights, GR-10-21 - 50 metres outside the western boundary of the Block Model and nearly 800 metres southwest of GR-10-17 - has returned 20 metres of 2.2 g/t Au at shallow depth (3.50 metres to 23.5 metres) within a wider interval of 65.6 metres grading 0.72 g/t Au. The Company is eager to conduct substantial additional drilling west and south of GR-10-21 to further extend the LONG Bars Zone.
GR-10-13, 125 metres east-northeast of GR-10-21 and in between Pit #1 and Pit #2 West, intersected 27.75 metres grading 1.27 g/t Au within a wider interval of 0.56 g/t Au over 66 metres (from 3.50 to 69 metres).
All drill holes were planned to intercept the north-dipping vein structures at high angles. No intersections are actual true width.
Complete preliminary assay results from all 25 holes (2,817 metres) of Gold Bullion's Phase 1 shallow drill program at Granada can be found at the Company's web site (www.GoldBullionDevelopmentCorp.com) along with the Preliminary Block Model and drill hole locations. Core sections from some holes have yet to be assayed.
With silver, copper and nickel credits in Gold Bullion's 2007 bulk sample, as already reported, and some further evidence of silver and base metal mineralization in a few of the 25 holes drilled so far at Granada, the Company will be assaying all future drill holes for base metal and silver values and will also be re- assaying historical core for evidence of copper, nickel and silver.
Gold mineralization at Granada, which has been encountered in each and every hole drilled by Gold Bullion so far, is open in all directions. It is near-surface and appears to be broad-based, extending into areas that were never drilled by previous operators. Gold Bullion's 30,000 tonne bulk sample in 2007 also clearly demonstrated that mineralization at Granada is amenable to conventional, very cost effective gold recovery techniques with a high rate of recovery (90%).
Gold Bullion recently announced it had more than doubled its Granada Gold Property land package with the designation of an additional 2,812 hectares with the Quebec Ministry of Natural Resources. The Granada Gold Property now comprises 4,893 hectares, a nearly 70-fold increase from the original 71 hectares the Company started with at the former producing Granada Gold Mine in 2006.
Given Granada's strong potential to host a significant bulk tonnage, open-pit deposit, the Company has expanded and accelerated its exploration plans beginning with 20,000 metres of immediate new drilling. This work will commence within two weeks with one drill rig already scheduled to be on the property by May 1.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX VENTURE:GBB; PINK SHEETS:GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President, who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
Frank J. Basa, P.Eng., President and Chief Executive Officer
This news release may contain forward- looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Frank J. Basa, P.Eng.
Gold Bullion Development Corp.
President and CEO
1-416-625-2342
Roger Thomas
Gold Bullion Development Corp.
Director
1-613-292-2438
www.GoldBullionDevelopmentCorp.com
Disclosure: GBB is a paid advertising client on Investorideas.com and our mining portals.
Visit the GBB showcase profile at Investorideas.com
Request News and Info on GBB
Published at Investorideas.com and http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/
portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
___________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Tuesday, April 20, 2010
Tombstone Exploration Corporation (OTCBB:TMBXF) Initiates 2010 Drill Program
Tombstone Exploration Corporation (OTCBB:TMBXF) Initiates 2010 Drill Program
Phoenix, AZ – April 20, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTC.BB: TMBXF) announced today that the Company initiated its drilling program during the week of April 12th. Two targets have been drilled to date and both have intersected mineralized zones.
Tombstone is utilizing a portable x-ray diffraction (XRF) machine to get on-site reading of metal levels in the drill cuttings. These results help the exploration team manage the drilling program. Tombstone's property is underlain by Uncle Sam porphyry and units of the Bisbee Group. Mineralized fissures strike consistently northeast, and many of the fissures exhibit consistent orientation for hundreds of feet along strike. Many fissures have parallel orientations, forming fissure sets.
The main mines in this area occur along these northeast-striking fissures. The State of Maine mine occurs in fissures that cut both Bisbee sediments and Uncle Sam porphyry. These structural mineralized fissures are the primary focus of the current exploration program.
Steven J. Radvak, P.E., Vice President of Exploration of Tombstone, commented, "This drilling program has already intercepted two distinct mineralized zones and is targeting additional zones as well. Results to date are positive and indicate that these zones will warrant additional drilling. XRF results for silver are encouraging and we expect to see corresponding results for gold."
Alan Brown, CEO of Tombstone, commented, "The 2010 Drill Program is well on its way to meeting our expectations that mineable silver, gold, copper and other minerals will come from the assay results of this year's drill program."
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
Visit the TMBXF showcase profile at Investorideas.com http://www.investorideas.com/CO/TMBX/equest News and Info on TMBXF
Published at Investorideas.com and www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Phoenix, AZ – April 20, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTC.BB: TMBXF) announced today that the Company initiated its drilling program during the week of April 12th. Two targets have been drilled to date and both have intersected mineralized zones.
Tombstone is utilizing a portable x-ray diffraction (XRF) machine to get on-site reading of metal levels in the drill cuttings. These results help the exploration team manage the drilling program. Tombstone's property is underlain by Uncle Sam porphyry and units of the Bisbee Group. Mineralized fissures strike consistently northeast, and many of the fissures exhibit consistent orientation for hundreds of feet along strike. Many fissures have parallel orientations, forming fissure sets.
The main mines in this area occur along these northeast-striking fissures. The State of Maine mine occurs in fissures that cut both Bisbee sediments and Uncle Sam porphyry. These structural mineralized fissures are the primary focus of the current exploration program.
Steven J. Radvak, P.E., Vice President of Exploration of Tombstone, commented, "This drilling program has already intercepted two distinct mineralized zones and is targeting additional zones as well. Results to date are positive and indicate that these zones will warrant additional drilling. XRF results for silver are encouraging and we expect to see corresponding results for gold."
Alan Brown, CEO of Tombstone, commented, "The 2010 Drill Program is well on its way to meeting our expectations that mineable silver, gold, copper and other minerals will come from the assay results of this year's drill program."
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
Visit the TMBXF showcase profile at Investorideas.com http://www.investorideas.com/CO/TMBX/equest News and Info on TMBXF
Published at Investorideas.com and www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Gold Stock Soltera Mining Corp. (OTCPK: SLTA) ; Company Transitions to Gold Producer
Gold Stock Soltera Mining Corp. (OTCPK: SLTA) Update for Investors; Company Transitions to Gold Producer
Soltera Mining plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year
Delta B.C., April 20 , 2010 - www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com update the profile for showcase gold mining stock Soltera Mining Corp. (OTCPK:SLTA.) FRANKFURT: SN7) with recent news and commentary for interested investors, as the company transitions to gold production.
Recent News and Commentary:
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Lisa Springer, CFA
Equity research analyst and financial writer
Excerpt:
Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually.
Read Full Article: http://www.investorideas.com/CO/SLTA/news/4151.asp
News:
April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.
Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:
* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and
* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
Full Press Release: http://www.investorideas.com/CO/SLTA/news/4121.asp
Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
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Disclaimer: The following company profile release for Soltera Mining is a paid for submission. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
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Contact Soltera Mining Corp.
Fabio Montanari, President/COO
info@solteramining.com
+1 888-768-5552
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Source – Investorideas.com
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Soltera Mining plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year
Delta B.C., April 20 , 2010 - www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com update the profile for showcase gold mining stock Soltera Mining Corp. (OTCPK:SLTA.) FRANKFURT: SN7) with recent news and commentary for interested investors, as the company transitions to gold production.
Recent News and Commentary:
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Lisa Springer, CFA
Equity research analyst and financial writer
Excerpt:
Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually.
Read Full Article: http://www.investorideas.com/CO/SLTA/news/4151.asp
News:
April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.
Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:
* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and
* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
Full Press Release: http://www.investorideas.com/CO/SLTA/news/4121.asp
Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile release for Soltera Mining is a paid for submission. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
http://www.investorideas.com/About/News/Clientspecifics.asp
Contact Soltera Mining Corp.
Fabio Montanari, President/COO
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Saturday, April 17, 2010
Cleaner Coal Technology Moves Forward in China
Cleaner Coal Technology Moves Forward in China
GE (NYSE: GE) and CPECC Sign Agreements with USTDA to Advance Commercial Scale IGCC
BEIJING--(Investorideas.com mining stocks newswire )--Marking a critical step toward the deployment of “cleaner coal” technology in China, GE (NYSE: GE) and China Power Engineering Consulting Group Corporation (CPECC) signed agreements with the U.S. Trade and Development Agency (USTDA).
“Coal is an abundant and low cost resource in China and the U.S. Gasification technology allows us to use it in a much cleaner way”
.Under the terms of the agreements signed today, USTDA will fund a feasibility study that would support the advancement of commercial scale integrated gasification combined cycle (IGCC) facilities in China based on GE-designed IGCC technology. In this initial study phase, GE and CPECC will evaluate the cost and performance of an IGCC design.
“Coal is an abundant and low cost resource in China and the U.S. Gasification technology allows us to use it in a much cleaner way,” said Steve Bolze, president & CEO for GE Power & Water. “To achieve significant reductions in carbon dioxide and other emissions, cleaner coal power generation technologies such as IGCC must be part of the solution; GE is pleased to be working with CPECC and USTDA in this important endeavor.”
This follows the memorandum of understanding signed between CPECC and USTDA in November as part of the U.S.-China Clean Energy Announcements made by President Obama and President Hu in November 2009.
IGCC and carbon capture technologies have been commercially demonstrated and will need to be widely deployed to enable low cost power generation from domestic energy resources, while at the same time achieving significant reductions in carbon dioxide emissions globally. Governments and industry in both the United States and China have critical roles to play in accelerating the deployment of these commercial scale IGCC facilities.
Gasification technology has become a critical tool in the expansion of the Chinese economy, allowing a wide variety of industrial products and fuels to be created from low-cost, abundant coal resources. GE’s gasification technology is one of the most widely applied technologies of its kind in China, with more than 40 licensed facilities. As gasification projects in China get larger and more complex, advanced technologies such as GE's new larger scale quench gasifier and higher-pressure gasification technology will be critical to reducing overall project cost.
The United States and China are two of the largest consumers of coal for industrial applications and power generation. There is significant interest in seeing cleaner gasification technologies and IGCC with carbon capture widely deployed in a carbon-constrained environment.
GE has been at the forefront of IGCC technology for more than two decades. GE technology was involved in several milestone projects, including the pilot IGCC plant, Coolwater, in Barstow, Calif., and the Polk Tampa Electric IGCC plant in Florida that helped demonstrate the commercial feasibility of IGCC. GE also is supplying IGCC technology for Duke Energy’s plant in Edwardsport, Ind., that is expected to be the world’s largest IGCC facility when it comes online in 2012.
About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $37 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy - GE Power & Water, GE Energy Services and GE Oil & Gas - work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
_______________________________________________________
more coal stocks info:
The coal stocks stock directory is available to Investor Ideas Members by login or in PDF, is one of the most comprehensive available to investors online and features Micro-cap OTC stocks, TSX, ASX, NASDAQ, NYSE stocks as well as public companies on other global stock exchanges.
Preview of Coal Stocks Directory:
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
GE (NYSE: GE) and CPECC Sign Agreements with USTDA to Advance Commercial Scale IGCC
BEIJING--(Investorideas.com mining stocks newswire )--Marking a critical step toward the deployment of “cleaner coal” technology in China, GE (NYSE: GE) and China Power Engineering Consulting Group Corporation (CPECC) signed agreements with the U.S. Trade and Development Agency (USTDA).
“Coal is an abundant and low cost resource in China and the U.S. Gasification technology allows us to use it in a much cleaner way”
.Under the terms of the agreements signed today, USTDA will fund a feasibility study that would support the advancement of commercial scale integrated gasification combined cycle (IGCC) facilities in China based on GE-designed IGCC technology. In this initial study phase, GE and CPECC will evaluate the cost and performance of an IGCC design.
“Coal is an abundant and low cost resource in China and the U.S. Gasification technology allows us to use it in a much cleaner way,” said Steve Bolze, president & CEO for GE Power & Water. “To achieve significant reductions in carbon dioxide and other emissions, cleaner coal power generation technologies such as IGCC must be part of the solution; GE is pleased to be working with CPECC and USTDA in this important endeavor.”
This follows the memorandum of understanding signed between CPECC and USTDA in November as part of the U.S.-China Clean Energy Announcements made by President Obama and President Hu in November 2009.
IGCC and carbon capture technologies have been commercially demonstrated and will need to be widely deployed to enable low cost power generation from domestic energy resources, while at the same time achieving significant reductions in carbon dioxide emissions globally. Governments and industry in both the United States and China have critical roles to play in accelerating the deployment of these commercial scale IGCC facilities.
Gasification technology has become a critical tool in the expansion of the Chinese economy, allowing a wide variety of industrial products and fuels to be created from low-cost, abundant coal resources. GE’s gasification technology is one of the most widely applied technologies of its kind in China, with more than 40 licensed facilities. As gasification projects in China get larger and more complex, advanced technologies such as GE's new larger scale quench gasifier and higher-pressure gasification technology will be critical to reducing overall project cost.
The United States and China are two of the largest consumers of coal for industrial applications and power generation. There is significant interest in seeing cleaner gasification technologies and IGCC with carbon capture widely deployed in a carbon-constrained environment.
GE has been at the forefront of IGCC technology for more than two decades. GE technology was involved in several milestone projects, including the pilot IGCC plant, Coolwater, in Barstow, Calif., and the Polk Tampa Electric IGCC plant in Florida that helped demonstrate the commercial feasibility of IGCC. GE also is supplying IGCC technology for Duke Energy’s plant in Edwardsport, Ind., that is expected to be the world’s largest IGCC facility when it comes online in 2012.
About GE
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $37 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy - GE Power & Water, GE Energy Services and GE Oil & Gas - work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
_______________________________________________________
more coal stocks info:
The coal stocks stock directory is available to Investor Ideas Members by login or in PDF, is one of the most comprehensive available to investors online and features Micro-cap OTC stocks, TSX, ASX, NASDAQ, NYSE stocks as well as public companies on other global stock exchanges.
Preview of Coal Stocks Directory:
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Thursday, April 15, 2010
Soltera Mining (OTCPK:SLTA) Locks In Gold Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Soltera Mining (OTCPK:SLTA) Locks In Gold Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Point Roberts WA, Delta B.C., April 15, 2010 - www.InvestorIdeas.com and its leading mining investor portals present recent commentary on Soltera Mining Corp. (OTCPK:SLTA) FRANKFURT:SN7), by Lisa Springer, CFA, equity research analyst and financial writer.
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Lisa Springer, CFA
Equity research analyst and financial writer
During tough times, innovative approaches and smart deal-making can separate winners from losers, particularly in mineral mining, which is a notoriously capital-intensive business. Soltera Mining (OTCPK: SLTA), a junior gold mining company operating in South America, has acquired rights to mine gold-bearing surface deposits at El Torno that are both accessible and inexpensive to work and process. In return for a US$150,000 upfront payment and rental payments totaling US$200,000, Soltera gains access to gold-bearing deposits estimated to contain over half a million gold ounces by another major mining company and potentially worth over US$500 million at current gold prices. The cash flows Soltera generates from sales of surficial gold will enable the Company to fund further exploration and development of a potentially world-class gold resource beneath El Torno’s surface. In addition, the US$150,000 payment gives Soltera exploration privileges and right of first refusal to purchase Sur Eureka, an adjacent property the Company believes has significant copper-gold potential.
Located in northern Argentina near the Bolivian border, the El Torno property contains a 14 kilometer long gold-rich quartz vein, smaller veins of dispersed gold joined to the main system, and elluvial deposits embedded in gold- bearing bedrock distributed throughout at depths of 2-3 meters. These elluvial materials are particularly important to Soltera’s short-term business strategy, since these are inexpensive to mine and process. In fact, El Torno’s previous titleholder extracted elluvial material using a back hoe and a simple gravity concentration plant until ill health forced him to stop. In addition to mining, the agreement gives Soltera the right to process the gold-bearing materials it extracts at a nearby processing plant in return for paying 10% of produced gold to the titleholder. The mining agreement has a four year term, can be renewed for another four years, and awards Soltera ownership of the processing plant and equipment if production is halted for any reason.
El Torno had been mined by the Spanish and the Incas centuries earlier, but exploration by modern mining companies is recent. Penoles (BMV:PE&OLES), a large mining conglomerate whose shares trade on the Mexican Stock Exchange, estimated gold deposits of at least half a million ounces at El Torno and a resource potentially exceeding two million ounces based on drilling samples taken in the late 1990s, but was unable to secure mineral rights to the property. The presence of other majors with nearby claims – Rio Doce Argentina (CRVD owned), Cardero Resources (AMX:CDY), Coeur d’Alen Mines Corp. (NYSE:CDE) and Yamana Gold (NYSE:AUY) attests to the fact that many operators believe world class gold deposits can be found in the El Torno area.
Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually. In addition, Soltera would be able to self-fund its surface mining operations while further investigating underground and open vein targets where the majority of El Torno gold is likely found. A producing mine also makes Soltera more attractive to financing partners. The tonnage and grade potential of El Torno surface deposits has not yet been established, but Soltera expects to begin generating revenues almost immediately from sales of fine gold left behind in mined rock, which it can recover using simple processing methods.
If Penoles’ 500,000 ounce resource estimate is correct, El Torno gold would be worth approximately US$550 million at current $1,100 per ounce gold prices. At Penoles’ 2 million ounce estimate, the potential value of El Torno gold rises to US$2 billion. Investors should be aware, however, that exploitable El Torno resources could differ materially from those indicated by drilling results and understand these and the other risk factors described more fully in the Company’s SEC filings if they are considering purchasing shares. Still, at even a fraction of Penoles’ lower estimate, El Torno’s value would far exceed Soltera’s US$5 million market capitalization and could immediately vault Soltera into the ranks of mid-tier mining companies.
In addition to El Torno, Soltera has mining rights at Sur Eureka, an adjacent property 5 kilometers from El Torno covering approximately 2,926 hectares. There are mine works already at Sur Eureka and exploratory drilling done previously by Soltera and a joint venture partner showed strong potential for copper and gold mineralization. Soltera has exploration rights to this property through the end of July and right of first refusal on Sur Eureka’s purchase for 3 years.
Soltera is led by a seasoned geologist, Dr. Fabio Montanari, who is located on-site at El Torno and brings more than 25 years of international mining experience to the company. Dr. Montanari has overseen exploration projects in Africa, Europe and the Americas for major mining companies such as Asarco (US), Golden Star (UK), ENI Group (Europe) and Normabec (Canada), and also served as a geological consultant to the United Nations. He holds a PhD in Economic Geology and authored a geology textbook used in a major Italian university.
Readers are advised that the above article is solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. The views expressed herein are based upon the author’s analysis of the issuer's public disclosures, and assumes both their accuracy and completeness. The opinions and statements included herein are based on sources (including the companies discussed and public sources) believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. The author has not independently verified the information contained herein. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. You should review a complete information package on all companies, which should include, but not be limited to, the Company's annual report, quarterly reports, press releases and all regulatory filings. The foregoing discussion contains statements which are based on current expectations, estimates and projections, and differences from such expectations, estimates and projections can be expected.
The author, Lisa Springer, was compensated for writing this and doesn’t own shares of any of the companies mentioned in this article.
Lisa Springer, CFA
Bio: http://www.investorideas.com/About/Lisa-Springer-CFA/
Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
ww.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile is a paid for submission. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Contact Soltera Mining Corp.
Carlton Parfitt
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
_____________________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Point Roberts WA, Delta B.C., April 15, 2010 - www.InvestorIdeas.com and its leading mining investor portals present recent commentary on Soltera Mining Corp. (OTCPK:SLTA) FRANKFURT:SN7), by Lisa Springer, CFA, equity research analyst and financial writer.
Soltera Mining Locks In Production Deal Offering Near-Term Revenues and Long-Term Opportunity
Lisa Springer, CFA
Equity research analyst and financial writer
During tough times, innovative approaches and smart deal-making can separate winners from losers, particularly in mineral mining, which is a notoriously capital-intensive business. Soltera Mining (OTCPK: SLTA), a junior gold mining company operating in South America, has acquired rights to mine gold-bearing surface deposits at El Torno that are both accessible and inexpensive to work and process. In return for a US$150,000 upfront payment and rental payments totaling US$200,000, Soltera gains access to gold-bearing deposits estimated to contain over half a million gold ounces by another major mining company and potentially worth over US$500 million at current gold prices. The cash flows Soltera generates from sales of surficial gold will enable the Company to fund further exploration and development of a potentially world-class gold resource beneath El Torno’s surface. In addition, the US$150,000 payment gives Soltera exploration privileges and right of first refusal to purchase Sur Eureka, an adjacent property the Company believes has significant copper-gold potential.
Located in northern Argentina near the Bolivian border, the El Torno property contains a 14 kilometer long gold-rich quartz vein, smaller veins of dispersed gold joined to the main system, and elluvial deposits embedded in gold- bearing bedrock distributed throughout at depths of 2-3 meters. These elluvial materials are particularly important to Soltera’s short-term business strategy, since these are inexpensive to mine and process. In fact, El Torno’s previous titleholder extracted elluvial material using a back hoe and a simple gravity concentration plant until ill health forced him to stop. In addition to mining, the agreement gives Soltera the right to process the gold-bearing materials it extracts at a nearby processing plant in return for paying 10% of produced gold to the titleholder. The mining agreement has a four year term, can be renewed for another four years, and awards Soltera ownership of the processing plant and equipment if production is halted for any reason.
El Torno had been mined by the Spanish and the Incas centuries earlier, but exploration by modern mining companies is recent. Penoles (BMV:PE&OLES), a large mining conglomerate whose shares trade on the Mexican Stock Exchange, estimated gold deposits of at least half a million ounces at El Torno and a resource potentially exceeding two million ounces based on drilling samples taken in the late 1990s, but was unable to secure mineral rights to the property. The presence of other majors with nearby claims – Rio Doce Argentina (CRVD owned), Cardero Resources (AMX:CDY), Coeur d’Alen Mines Corp. (NYSE:CDE) and Yamana Gold (NYSE:AUY) attests to the fact that many operators believe world class gold deposits can be found in the El Torno area.
Soltera plans to commence full production of elluvial gold from El Torno within two months and targets 2,000 ounces of production in its first year, potentially worth more than US$2 million at current gold prices. Assuming this level of production is achieved, Soltera could earn a very healthy return on a US$150,000 upfront payment, rental payments totaling US$200,000 (deductible from a final buy-out), and production costs estimated at approximately $350,000 annually. In addition, Soltera would be able to self-fund its surface mining operations while further investigating underground and open vein targets where the majority of El Torno gold is likely found. A producing mine also makes Soltera more attractive to financing partners. The tonnage and grade potential of El Torno surface deposits has not yet been established, but Soltera expects to begin generating revenues almost immediately from sales of fine gold left behind in mined rock, which it can recover using simple processing methods.
If Penoles’ 500,000 ounce resource estimate is correct, El Torno gold would be worth approximately US$550 million at current $1,100 per ounce gold prices. At Penoles’ 2 million ounce estimate, the potential value of El Torno gold rises to US$2 billion. Investors should be aware, however, that exploitable El Torno resources could differ materially from those indicated by drilling results and understand these and the other risk factors described more fully in the Company’s SEC filings if they are considering purchasing shares. Still, at even a fraction of Penoles’ lower estimate, El Torno’s value would far exceed Soltera’s US$5 million market capitalization and could immediately vault Soltera into the ranks of mid-tier mining companies.
In addition to El Torno, Soltera has mining rights at Sur Eureka, an adjacent property 5 kilometers from El Torno covering approximately 2,926 hectares. There are mine works already at Sur Eureka and exploratory drilling done previously by Soltera and a joint venture partner showed strong potential for copper and gold mineralization. Soltera has exploration rights to this property through the end of July and right of first refusal on Sur Eureka’s purchase for 3 years.
Soltera is led by a seasoned geologist, Dr. Fabio Montanari, who is located on-site at El Torno and brings more than 25 years of international mining experience to the company. Dr. Montanari has overseen exploration projects in Africa, Europe and the Americas for major mining companies such as Asarco (US), Golden Star (UK), ENI Group (Europe) and Normabec (Canada), and also served as a geological consultant to the United Nations. He holds a PhD in Economic Geology and authored a geology textbook used in a major Italian university.
Readers are advised that the above article is solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. The views expressed herein are based upon the author’s analysis of the issuer's public disclosures, and assumes both their accuracy and completeness. The opinions and statements included herein are based on sources (including the companies discussed and public sources) believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, completeness or correctness. The author has not independently verified the information contained herein. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. You should review a complete information package on all companies, which should include, but not be limited to, the Company's annual report, quarterly reports, press releases and all regulatory filings. The foregoing discussion contains statements which are based on current expectations, estimates and projections, and differences from such expectations, estimates and projections can be expected.
The author, Lisa Springer, was compensated for writing this and doesn’t own shares of any of the companies mentioned in this article.
Lisa Springer, CFA
Bio: http://www.investorideas.com/About/Lisa-Springer-CFA/
Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties Page: http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
ww.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile is a paid for submission. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Contact Soltera Mining Corp.
Carlton Parfitt
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
_____________________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Tuesday, April 13, 2010
TOMBSTONE EXPLORATION (OTCBB:TMBXF) RECEIVES COMMITMENT FOR $1 MILLION IN FINANCING FROM EUROGAS, INC.
TOMBSTONE EXPLORATION CORP. (OTCBB:TMBXF) RECEIVES COMMITMENT FOR $1 MILLION IN FINANCING FROM EUROGAS, INC.
Phoenix, AZ – April 13, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today the Company is receiving $1 Million USD in Capital from EuroGas, Inc., www.eurogasinc.com. Tombstone has received an initial $100,000 USD tranche from EuroGas under the terms of the agreement. Tombstone also has forthcoming plans to name two new Directors to its Board. The new Directors will have backgrounds in mining and finance which will assist the Company in its endeavors.
Alan Brown, CEO of Tombstone, remarked, "The capital infusion from EuroGas will cover the cost of our 2010 Drill Program, provide additional operating capital and enable us to move forward quickly to strategically develop our acreage. EuroGas is an international holding company with investments in natural resources."
EuroGas, Inc. is a publicly traded oil and gas company with assets in Ukraine and Poland, as well as talc mining interests in the Slovak Republic and eighty-two gold/silver mining claims in the Tombstone Mining District. The company's common stock trades on the Frankfurt, Hamburg and Stuttgart Stock Exchanges and Xetra in Germany under the symbol EUG and on the OTC Pink Sheets in the United States under the symbol EUGS.
Tombstone Exploration Corporation (OTCBB:TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
_____________________________________________________________________
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
Visit the TMBXF showcase profile at Investorideas.com
Request News and Info on TMBXF
Published at Investorideas.com and www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Phoenix, AZ – April 13, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today the Company is receiving $1 Million USD in Capital from EuroGas, Inc., www.eurogasinc.com. Tombstone has received an initial $100,000 USD tranche from EuroGas under the terms of the agreement. Tombstone also has forthcoming plans to name two new Directors to its Board. The new Directors will have backgrounds in mining and finance which will assist the Company in its endeavors.
Alan Brown, CEO of Tombstone, remarked, "The capital infusion from EuroGas will cover the cost of our 2010 Drill Program, provide additional operating capital and enable us to move forward quickly to strategically develop our acreage. EuroGas is an international holding company with investments in natural resources."
EuroGas, Inc. is a publicly traded oil and gas company with assets in Ukraine and Poland, as well as talc mining interests in the Slovak Republic and eighty-two gold/silver mining claims in the Tombstone Mining District. The company's common stock trades on the Frankfurt, Hamburg and Stuttgart Stock Exchanges and Xetra in Germany under the symbol EUG and on the OTC Pink Sheets in the United States under the symbol EUGS.
Tombstone Exploration Corporation (OTCBB:TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
_____________________________________________________________________
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
Visit the TMBXF showcase profile at Investorideas.com
Request News and Info on TMBXF
Published at Investorideas.com and www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Monday, April 12, 2010
IAMGOLD (TSX:IMG)(NYSE:IAG) First Quarter 2010 Financial Results to Be Released Before Market Opens on May 6, 2010
IAMGOLD (TSX:IMG)(NYSE:IAG) First Quarter 2010 Financial Results to Be Released Before Market Opens on May 6, 2010
TORONTO, ONTARIO--(http://www.investorideas.com/ mining stocks newswire) - 04/12/10 - IAMGOLD Corporation (TSX:IMG)(NYSE:IAG)(BOTSWANA: IAMGOLD) will release first quarter 2010 financial results before the market opens Thursday, May 6th, 2010.
A conference call will be held on Thursday, May 6th, 2010 at 10:00 a.m. (Eastern Time) to provide highlights from this quarter. A webcast of the conference call will be available through the Company's website - http://www.iamgold.com/.
Conference Call Information:
North America Toll-Free: 1-866-551-1530 or 1-212-401-6700
Passcode: 7140353#
A replay of this conference call will be available from 2:00pm May 6th to June 6th, 2010. Access this replay by dialing:
North America toll-free: 1-866-551-4520 or 1-212-401-6750, passcode: 262288#
A reminder that the Annual General Meeting of the Company's shareholders will be held on Wednesday, May 19th, 2010 at 4:00p.m. (Eastern Time) at the St. Andrew's Club and Conference Centre located at 150 King Street West, 16th floor. Shareholders of record as at the close of business on April 13, 2010 are entitled to notice of, and to vote at, the meeting.
Please note:
This entire press release may be accessed via fax, e-mail, IAMGOLD's website at http://www.iamgold.com/ All material information on IAMGOLD can be found at http://www.sedar.com/ or at http://www.sec.gov/
More mining stocks info
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 10 stock directories and investor newsletter.
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TORONTO, ONTARIO--(http://www.investorideas.com/ mining stocks newswire) - 04/12/10 - IAMGOLD Corporation (TSX:IMG)(NYSE:IAG)(BOTSWANA: IAMGOLD) will release first quarter 2010 financial results before the market opens Thursday, May 6th, 2010.
A conference call will be held on Thursday, May 6th, 2010 at 10:00 a.m. (Eastern Time) to provide highlights from this quarter. A webcast of the conference call will be available through the Company's website - http://www.iamgold.com/.
Conference Call Information:
North America Toll-Free: 1-866-551-1530 or 1-212-401-6700
Passcode: 7140353#
A replay of this conference call will be available from 2:00pm May 6th to June 6th, 2010. Access this replay by dialing:
North America toll-free: 1-866-551-4520 or 1-212-401-6750, passcode: 262288#
A reminder that the Annual General Meeting of the Company's shareholders will be held on Wednesday, May 19th, 2010 at 4:00p.m. (Eastern Time) at the St. Andrew's Club and Conference Centre located at 150 King Street West, 16th floor. Shareholders of record as at the close of business on April 13, 2010 are entitled to notice of, and to vote at, the meeting.
Please note:
This entire press release may be accessed via fax, e-mail, IAMGOLD's website at http://www.iamgold.com/ All material information on IAMGOLD can be found at http://www.sedar.com/ or at http://www.sec.gov/
More mining stocks info
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 10 stock directories and investor newsletter.
Become an Investor ideas member - Join today
Mining Stocks News; Soltera (OTCPK: SLTA) Gains Right to Mine Surface Gold Deposits at El Torno, Argentina
Mining Stocks News; Soltera (OTCPK: SLTA) Gains Right to Mine Surface Gold Deposits at El Torno, Argentina
Soltera aims for full production within the next two months
Jujuy, Argentina - April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.
Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:
* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and
* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
El Torno - Joint Venture to Exploit Surficial Gold
El Torno is located in northern Argentina near the international border with Bolivia. The 78 km2 area has potential for world-class gold deposits of two types; vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past; and dispersed gold in suites of small veins and stockworks that are separate from the main system and could be major open-pit targets. One interesting point is that the gold seems to be commonly free and some is in micro-plate form, thereby offering the possibility of recovery by simple mechanical rather than chemical processes (Ethical Gold Exploitation).
Soltera intends to fully investigate both the underground and open-pit targets, but has been limited to date by lack of funding. It should be noted that exploration of the large-scale gold targets will continue as revenue from the surficial exploitation or additional funding becomes available.
The El Torno area contains a third type of gold deposit known as elluvial which is formed of weathered material derived from gold-bearing bedrock. Broad patches of this material, usually 2 m to 3 m deep, are distributed throughout the area, commonly centred on the large open-pit targets. It is easily worked and, in fact, material from one area was extracted by the mineral title owner until three years ago when he ceased operations due to ill health. The weathered gold-bearing material was dug by back hoe and transported some 3 km to a gravity processing plant located just outside the El Torno title area.
Soltera has now formed a joint venture with the mineral title owner to extract and process the elluvial material. Full details of the agreement are available in an 8-K filed with the SEC (see SEC 8-K filing). In essence the joint venture gives Soltera the rights to mine the surface deposits and process the material at the existing plant, with the mineral title owner receiving 10% of gold produced. The agreement is for four years renewable for another four years provided that half the elluvial material has been worked. In the event that production ceases for any reason, Soltera is entitled to take possession of the processing plant.
There is no firm data confirming the tonnage and grade potential, but there certainly appear to be substantial tonnages of surface material suitable for processing. We know that gold was produced from a part of this material using existing equipment for a period of at least two years and that the equipment is still in good condition and serviceable. Furthermore, we think it highly likely that considerable fine pure gold was lost in the recovery process and it may be possible, by using additional simple processing methods (such as spirals) to recover this gold.
Soltera will now immediately bring the existing processing equipment on-stream and carry out test-work on the source material. The objective is to achieve full production within the next two months.
Sur Eureka - Exploration Contract with an Option to Purchase
Sur Eureka is a mineral title area of 2926 hectares with some old mine workings and potential for copper and gold mineralisation, located about 5 km from El Torno. It is in a broad area of copper showings, with the main old Eureka Mine about 2 km to the north.
Exploration work carried out during 2007 and 2008 by the Soltera/TNR Gold Corp joint venture suggested that Sur Eureka is the most promising part of the copper-rich belt. Certainly, possession of the Sur Eureka property controls exploration throughout the area.
Soltera has a contract with the mineral title owner (see SEC filing ), the main terms being that Soltera pays the mineral title owner US$150,000 (already paid) for the exclusive right to explore the property for six months (until end July 2010) and thereafter the right of first refusal to purchase the property for a period of three years.
Additional information on El Torno
The central parts of the El Torno gold-bearing quartz vein system have been worked since the Incas, resulting in approximately 1000 metres of underground galleries. The gold is concentrated in a 2 m thick zone along the western side of the system. More recent drilling and other exploration work by Peñoles and Puma Minerals estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 m or 2 million ounces to a depth of 400 m at an assumed grade of 10 g/t gold (non-NI 43-101 compliant). Stream sediment geochemical exploration by Soltera suggests that the vein system is mineralized throughout its full 14 km length. The potential will be tested by geophysical surveys and diamond drilling.
The Soltera stream sediment surveys also showed broad and strong gold anomalies over wide areas of the country rocks as far away as 3 km from the main vein. These are centered on suites of small veins and stockworks within the country rocks and they appear to be major open-pit targets. These targets will be tested by a programme of trenching, sampling and drilling.
Contact:
Fabio Montanari
President/CEO
Soltera Mining Corp.
1-888-768-5552
Email: info@solteramining.com
Website: http://www.solteramining.com/
* Soltera is a featured showcase company on Investorideas.com and its mining portals.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Pink sheet stock disclaimer: http://www.pinksheets.com/otcguide/investors_protection.jsp
__________________________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
Soltera aims for full production within the next two months
Jujuy, Argentina - April 12, 2010 –Soltera Mining Corp. (OTCPK: SLTA; Frankfurt: SN7) (www.solteramining.com) reports the company has entered into two agreements with the El Torno mineral title owner, which combined give Soltera the right to mine surficial gold at El Torno, in northern Argentina, in addition to certain exploration rights over a prospective copper area, Sur Eureka.
Dr. Fabio Montanari, President and CEO of Soltera Mining Corp reports the two contracts should be considered together. The net result is that Soltera has paid a total of US$150,000 to the title owner and has acquired the following:
* the rights to mine and process gold-bearing surface deposits at El Torno in a 90%-10% joint venture with the title owner for a period of four years renewable for a further four years, and
* at Sur Eureka, the first right of refusal for three years (until 30 July 2013) on a 2,926 hectare property that has copper-gold potential, is located strategically within the prospective copper belt area, and is only 5 km away from the El Torno gold property.
El Torno - Joint Venture to Exploit Surficial Gold
El Torno is located in northern Argentina near the international border with Bolivia. The 78 km2 area has potential for world-class gold deposits of two types; vein gold in a very large quartz vein system that extends intermittently north-south for 14 km and has been worked underground in the past; and dispersed gold in suites of small veins and stockworks that are separate from the main system and could be major open-pit targets. One interesting point is that the gold seems to be commonly free and some is in micro-plate form, thereby offering the possibility of recovery by simple mechanical rather than chemical processes (Ethical Gold Exploitation).
Soltera intends to fully investigate both the underground and open-pit targets, but has been limited to date by lack of funding. It should be noted that exploration of the large-scale gold targets will continue as revenue from the surficial exploitation or additional funding becomes available.
The El Torno area contains a third type of gold deposit known as elluvial which is formed of weathered material derived from gold-bearing bedrock. Broad patches of this material, usually 2 m to 3 m deep, are distributed throughout the area, commonly centred on the large open-pit targets. It is easily worked and, in fact, material from one area was extracted by the mineral title owner until three years ago when he ceased operations due to ill health. The weathered gold-bearing material was dug by back hoe and transported some 3 km to a gravity processing plant located just outside the El Torno title area.
Soltera has now formed a joint venture with the mineral title owner to extract and process the elluvial material. Full details of the agreement are available in an 8-K filed with the SEC (see SEC 8-K filing). In essence the joint venture gives Soltera the rights to mine the surface deposits and process the material at the existing plant, with the mineral title owner receiving 10% of gold produced. The agreement is for four years renewable for another four years provided that half the elluvial material has been worked. In the event that production ceases for any reason, Soltera is entitled to take possession of the processing plant.
There is no firm data confirming the tonnage and grade potential, but there certainly appear to be substantial tonnages of surface material suitable for processing. We know that gold was produced from a part of this material using existing equipment for a period of at least two years and that the equipment is still in good condition and serviceable. Furthermore, we think it highly likely that considerable fine pure gold was lost in the recovery process and it may be possible, by using additional simple processing methods (such as spirals) to recover this gold.
Soltera will now immediately bring the existing processing equipment on-stream and carry out test-work on the source material. The objective is to achieve full production within the next two months.
Sur Eureka - Exploration Contract with an Option to Purchase
Sur Eureka is a mineral title area of 2926 hectares with some old mine workings and potential for copper and gold mineralisation, located about 5 km from El Torno. It is in a broad area of copper showings, with the main old Eureka Mine about 2 km to the north.
Exploration work carried out during 2007 and 2008 by the Soltera/TNR Gold Corp joint venture suggested that Sur Eureka is the most promising part of the copper-rich belt. Certainly, possession of the Sur Eureka property controls exploration throughout the area.
Soltera has a contract with the mineral title owner (see SEC filing ), the main terms being that Soltera pays the mineral title owner US$150,000 (already paid) for the exclusive right to explore the property for six months (until end July 2010) and thereafter the right of first refusal to purchase the property for a period of three years.
Additional information on El Torno
The central parts of the El Torno gold-bearing quartz vein system have been worked since the Incas, resulting in approximately 1000 metres of underground galleries. The gold is concentrated in a 2 m thick zone along the western side of the system. More recent drilling and other exploration work by Peñoles and Puma Minerals estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 m or 2 million ounces to a depth of 400 m at an assumed grade of 10 g/t gold (non-NI 43-101 compliant). Stream sediment geochemical exploration by Soltera suggests that the vein system is mineralized throughout its full 14 km length. The potential will be tested by geophysical surveys and diamond drilling.
The Soltera stream sediment surveys also showed broad and strong gold anomalies over wide areas of the country rocks as far away as 3 km from the main vein. These are centered on suites of small veins and stockworks within the country rocks and they appear to be major open-pit targets. These targets will be tested by a programme of trenching, sampling and drilling.
Contact:
Fabio Montanari
President/CEO
Soltera Mining Corp.
1-888-768-5552
Email: info@solteramining.com
Website: http://www.solteramining.com/
* Soltera is a featured showcase company on Investorideas.com and its mining portals.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Pink sheet stock disclaimer: http://www.pinksheets.com/otcguide/investors_protection.jsp
__________________________________________________________________
Resource investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investors following mining stocks can purchase the mining stocks directory in a PDF format with hyperlinks to stocks symbol(s), company’s url and company’s description. The mining stocks directory page features a Paypal link and buy now button for easy online purchase.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content. The full directory is now available to Investor Ideas members as part of the annual membership that currently features an additional 9 stock directories and investor newsletter.
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