Gold Stocks; Lake Shore Gold (TSX:LSG) Announces Changes to Board of Directors
TORONTO, ONTARIO--- May 12, 2010 ( Investorideas.com mining stocks newswire ) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or "the Company") today announced changes to the Company's Board of Directors. Joining the Board is Gianflavio Carozzi, Corporate Treasurer of Hochschild Mining Plc. Departures from the Board include Sethu Raman, Michael Winn, Wayne O'Connor, who did not stand for re-election at the Company's recent annual meeting, and Ignacio Rosado, who has left the Board following his resignation as Chief Financial Officer of Hochschild.
Mr. Carozzi joined Hochschild in 2007 and has been Corporate Treasurer since that time. Before joining Hochschild, Mr. Carozzi served as Manager of Global FX and Commodities at General Motors' Treasurer's Office in New York from 2003 to 2007, performed a number of finance-related roles at Nextel Peru between 2000 and 2001 and, prior to that, worked for Telefonica del Peru from 1998 to 2000. Gianflavio holds an MBA and BSc. in Economics.
Sethu Raman joined Lake Shore Gold's Board on December 31, 2004 following the acquisition by the Company of all outstanding shares of Holmer Gold Mines Limited through a plan of arrangement. From 1986 to 2004, Dr. Raman was President and CEO of Holmer where he played a leading role in the initial discovery of the Timmins gold deposit and the recognition of the potential of the Timmins West gold trend.
Michael Winn joined Lake Shore Gold's Board at the time of the Company's reverse take-over transaction with Aurora Platinum Corp. in 2002 and has made a valuable contribution to developing corporate strategy and helping the Company grow its business. He is President of Terrasearch Inc., a consulting company that provides analysis on mining and energy companies, has worked in the oil and gas industry since 1992, and participates on a number of boards in the mining and oil and gas sectors.
Wayne O'Connor joined Lake Shore Gold´s Board in November 2009 following completion of the Company´s acquisition of West Timmins Mining Inc., where he served as Chairman. Mr. O'Connor was instrumental in assembling the extensive land package on the west side of Timmins that ultimately was held by West Timmins and is currently wholly-owned by Lake Shore Gold, including the Thorne, 144 and Thunder Creek properties.
Ignacio Rosado joined Lake Shore Gold's Board in February 2008 following Hochschild's initial investment in the Company. Mr. Rosado played an important role in Hochschild's decision to establish and grow its investment in Lake Shore Gold.
Alan Moon, Chairman of Lake Shore Gold, commented: "We are very pleased to welcome Gianflavio to the Board and look forward to working with him as Lake Shore Gold moves forward. We would also like to recognize those leaving the Board. Sethu Raman committed much of his career to establishing and pursuing the potential of the Timmins Mine property and we will forever be grateful for his perseverance and commitment. Michael Winn has been with the Company since its beginning and Lake Shore Gold has benefited greatly from his leadership, advice and counsel. Like Sethu, Wayne O'Connor is a veteran of the Timmins Camp and his work has helped us to establish the very attractive land position we have today. Finally, Ignacio Rosado has been a valued director as we have grown our very productive relationship with Hochschild. These directors have made a significant contribution to the success and growth of Lake Shore Gold. They have served shareholders well and we wish to thank them for all of their efforts."
About Lake Shore Gold
Lake Shore Gold is a rapidly growing mining company with a goal to become a North American mid-tier gold producer through the successful exploration, development and operation of three wholly owned mines in Timmins, Ontario: Timmins Mine, Thunder Creek and Bell Creek Complex. The Company is currently carrying out an underground advanced exploration program at the Timmins Mine project, where it has both a shaft and a ramp, and is drifting from Timmins Mine to the adjacent Thunder Creek property. Progress is also being made with an underground advanced exploration program at its Bell Creek Complex, located on the east side of Timmins, which is moving forward to become the Company's second mining operation in the Timmins Camp. The Bell Creek Mill has been refurbished to a capacity of 1,500 tonnes per day with plans in place to expand the Mill incrementally to 3,000 tonnes per day. The Company continues to invest aggressively in exploration primarily in Timmins and in select other areas of Northern Ontario and Quebec, and owns a large land position in Mexico. The Company's common shares trade on the TSX under the symbol LSG.
Forward-looking Statements
Certain statements in this press release relating to the Company's development projects, exploration properties, project expenditures, business plans, capital position and financial performance are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties will not be less than identified mineral reserves.
The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Lake Shore Gold's most recent Annual Information Form and other regulatory filings which are posted on sedar at www.sedar.com.
______________________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Wednesday, May 12, 2010
Tuesday, May 11, 2010
Gold Stocks Sector Close-Up May 11th ; Gold Stocks Shine for Investors
Gold Stocks Sector Close-Up May 11th ; Gold Stocks Shine for Investors
May 6, 2010, www.InvestorIdeas.com, and its mining stocks portals update investors following gold and mining stocks with a sector close-up for gold stocks for May 11th 2010 . Gold prices and gold stocks moved higher as investors turn to gold in times of uncertainty.
Gold/Mining Stocks Sector Close – Up; Trading May 11, 2010
AGNICO EAGLE MINES (NYSE: AEM) trading at $66.09 USD, up $ 2..94 (4.66%)
ANGLOGOLD ASHANTI LT (NYSE: AU) trading at $ 42.99 USD, up $1.18 (2.82%)
BARRICK GOLD CP (NYSE: ABX) trading at $ 45.84 USD, up $1.93 (4.40%)
ELDORADO GOLD CORP (AMEX: EGO) trading up at $ 17.52 USD, up $ 1.34 (8.28%)
GOLDCORP INC (NYSE: GG) trading up at $ 46.30 USD, up $ 2.82 (6.49%)
KINROSS GOLD CP (NYSE: KGC) trading at $18.78 USD, up $ 1.41 (8.12%)
NEW GOLD INC (AMEX: NGD) trading at $ 6.05 USD, up $ 0.24 (4.13%)
NEWMONT MINING CP (NYSE: NEM) trading at $ 58.45 USD, up$ 2..96 (5.33%)
About our Mining Portals and Showcase Mining Stocks :
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Showcase mining stocks are featured and profiled on the Invetorideas.com home page and the home page of the mining portals with links to the company profiles for each company and to request info:
AMI Resources Inc.(TSX.V:AMU),Gold Bullion Development Corp.(TSX-V: GBB),Rye Patch Gold Corp.(OTC:RPMGF; TSX.V:RPM),Soltera Mining Corp.(OTC:SLTA.PK; FRANKFURT:SN7), Tao Minerals Ltd.(OTC.BB:TAON) Tombstone Exploration Corporation (OTC.BB:TMBXF) and Yale Resources Ltd.(TSX-V: YLL)
• See disclaimer and disclosure below regarding advertising showcase companies.
Visit and Join the Gold and Mining Stocks Group on Linkedin.com
More Gold and Mining stocks resources for investors and publicly traded companies:
Visit the news feed-Gold & Mining Stocks News at Investorideas.com
News and commentary from well known industry experts including Kitco and Doug Casey are featured in addition to news releases and press releases from publicly traded mining companies on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
Investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. Mining Stocks Directory:
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies, news submissions and online advertising.
http://www.investorideas.com/About/Disclaimer.asp
http://www.investorideas.com/About/News/Clientspecifics.asp
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com Or cvanzant@investorideas.com
investorideas.com or cvanzant@investorideas.com
May 6, 2010, www.InvestorIdeas.com, and its mining stocks portals update investors following gold and mining stocks with a sector close-up for gold stocks for May 11th 2010 . Gold prices and gold stocks moved higher as investors turn to gold in times of uncertainty.
Gold/Mining Stocks Sector Close – Up; Trading May 11, 2010
AGNICO EAGLE MINES (NYSE: AEM) trading at $66.09 USD, up $ 2..94 (4.66%)
ANGLOGOLD ASHANTI LT (NYSE: AU) trading at $ 42.99 USD, up $1.18 (2.82%)
BARRICK GOLD CP (NYSE: ABX) trading at $ 45.84 USD, up $1.93 (4.40%)
ELDORADO GOLD CORP (AMEX: EGO) trading up at $ 17.52 USD, up $ 1.34 (8.28%)
GOLDCORP INC (NYSE: GG) trading up at $ 46.30 USD, up $ 2.82 (6.49%)
KINROSS GOLD CP (NYSE: KGC) trading at $18.78 USD, up $ 1.41 (8.12%)
NEW GOLD INC (AMEX: NGD) trading at $ 6.05 USD, up $ 0.24 (4.13%)
NEWMONT MINING CP (NYSE: NEM) trading at $ 58.45 USD, up$ 2..96 (5.33%)
About our Mining Portals and Showcase Mining Stocks :
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Showcase mining stocks are featured and profiled on the Invetorideas.com home page and the home page of the mining portals with links to the company profiles for each company and to request info:
AMI Resources Inc.(TSX.V:AMU),Gold Bullion Development Corp.(TSX-V: GBB),Rye Patch Gold Corp.(OTC:RPMGF; TSX.V:RPM),Soltera Mining Corp.(OTC:SLTA.PK; FRANKFURT:SN7), Tao Minerals Ltd.(OTC.BB:TAON) Tombstone Exploration Corporation (OTC.BB:TMBXF) and Yale Resources Ltd.(TSX-V: YLL)
• See disclaimer and disclosure below regarding advertising showcase companies.
Visit and Join the Gold and Mining Stocks Group on Linkedin.com
More Gold and Mining stocks resources for investors and publicly traded companies:
Visit the news feed-Gold & Mining Stocks News at Investorideas.com
News and commentary from well known industry experts including Kitco and Doug Casey are featured in addition to news releases and press releases from publicly traded mining companies on the TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
Investors can research gold and mining stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. Mining Stocks Directory:
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies, news submissions and online advertising.
http://www.investorideas.com/About/Disclaimer.asp
http://www.investorideas.com/About/News/Clientspecifics.asp
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com Or cvanzant@investorideas.com
investorideas.com or cvanzant@investorideas.com
Monday, May 10, 2010
Mining Stocks News; Tao Minerals Ltd. (OTCBB: TAON) Retains Highly Respected Colombian Legal Firm
Tao Minerals Ltd. (OTCBB: TAON) Retains Highly Respected Colombian Legal Firm
MEDELLIN, COLOMBIA - May 10, 2010 (Investorideas.com Mining stocks Newswire) - Tao Minerals Ltd. (Tao) (OTC.BB:TAON) is pleased to announce that it has retained the highly respected Colombian legal firm of Gutierrez Marquez Asesores S.A. to represent Tao in all aspects of applicable Colombian law pertaining to Tao's operations in Colombia. Headquartered in Medellin, Gutierrez Marquez Asesores S.A was established in August 1977 with the purpose of providing consulting services specializing in accounting, tax, audit, tax inspection and legal assistance in employment areas, commercial and social security. James Sikora Tao President and CEO said, "We are confident in the integrity of the legal and regulatory system in Colombia and want to assure our investors and shareholders that Tao will be well represented by Gutierrez Marquez Asesores S.A. in our continuing quest to acquire, explore, develop and commercialize our present gold properties and any new property acquisitions in Colombia."
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation that the proposed joint ventures will be completed, and the expectation that the security situation at El Colmillo will be resolved and that mine production will go ahead as planned at the El Colmillo Gold Mine. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include among others, the inherent uncertainties associated with mineral exploration and mine development. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2009 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
James Sikora, President & CEO
Tao Minerals Ltd.
Medellin, Colombia
Contacts:
Tao Minerals Ltd.
James Sikora
President & CEO
1-877-331-8777
www.taominerals.com
Disclosure: TAON is a paid advertising client on Investorideas.com and our mining portals.
Visit the TAON showcase profile at Investorideas.com
http://www.investorideas.com/CO/TAON/
Request News and Info on TAON
Published at Investorideas.com and www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
_____________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
MEDELLIN, COLOMBIA - May 10, 2010 (Investorideas.com Mining stocks Newswire) - Tao Minerals Ltd. (Tao) (OTC.BB:TAON) is pleased to announce that it has retained the highly respected Colombian legal firm of Gutierrez Marquez Asesores S.A. to represent Tao in all aspects of applicable Colombian law pertaining to Tao's operations in Colombia. Headquartered in Medellin, Gutierrez Marquez Asesores S.A was established in August 1977 with the purpose of providing consulting services specializing in accounting, tax, audit, tax inspection and legal assistance in employment areas, commercial and social security. James Sikora Tao President and CEO said, "We are confident in the integrity of the legal and regulatory system in Colombia and want to assure our investors and shareholders that Tao will be well represented by Gutierrez Marquez Asesores S.A. in our continuing quest to acquire, explore, develop and commercialize our present gold properties and any new property acquisitions in Colombia."
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation that the proposed joint ventures will be completed, and the expectation that the security situation at El Colmillo will be resolved and that mine production will go ahead as planned at the El Colmillo Gold Mine. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include among others, the inherent uncertainties associated with mineral exploration and mine development. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2009 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
James Sikora, President & CEO
Tao Minerals Ltd.
Medellin, Colombia
Contacts:
Tao Minerals Ltd.
James Sikora
President & CEO
1-877-331-8777
www.taominerals.com
Disclosure: TAON is a paid advertising client on Investorideas.com and our mining portals.
Visit the TAON showcase profile at Investorideas.com
http://www.investorideas.com/CO/TAON/
Request News and Info on TAON
Published at Investorideas.com and www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
_____________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Gold Stocks Update; Video of Soltera Mining’s (OTCPK: SLTA ) Gold Processing Operation in Argentina
Gold Stocks Update; Video of Soltera Mining’s (OTCPK: SLTA ) Gold Processing Operation in Argentina
Point Roberts, WA – May 10, 2010 - www.InvestorIdeas.com and its leading mining investor portals release a video of showcase gold stock, Soltera Mining Corp. (OTCPK: SLTA.) FRANKFURT: SN7), for gold investors.
Investors can watch the video of Soltera Mining’s gold processing operation during initial tests held last week in Argentina: http://bit.ly/aUh1J6
More info about Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties : http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
For disclosure purposes, Soltera is a showcase mining stock on Investorideas.com and compensates the company accordingly. See below)
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
http://www.gold-miningstocks.com/ and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile release for Soltera Mining is a paid for submission. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
http://www.investorideas.com/About/News/Clientspecifics.asp
Investor Protection and Regulation for Pinks sheets:
http://www.pinksheets.com/otcguide/investors_protection.jsp
Contact Soltera Mining Corp.
Fabio Montanari
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
Follow Investorideas.com On Twitter.com
http://twitter.com/Investorideas
__________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog: Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Point Roberts, WA – May 10, 2010 - www.InvestorIdeas.com and its leading mining investor portals release a video of showcase gold stock, Soltera Mining Corp. (OTCPK: SLTA.) FRANKFURT: SN7), for gold investors.
Investors can watch the video of Soltera Mining’s gold processing operation during initial tests held last week in Argentina: http://bit.ly/aUh1J6
More info about Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
Investors can view the full company profile for Soltera Mining Corp. at http://www.investorideas.com/CO/SLTA/
Visit the company website at http://www.solteramining.com/
Properties : http://www.solteramining.com/index.php?option=com_content&task=view&id=19&Itemid=74
Request news and stock alerts from Soltera Mining Corp.
http://www.investorideas.com/Resources/Newsletter.asp
For disclosure purposes, Soltera is a showcase mining stock on Investorideas.com and compensates the company accordingly. See below)
Soltera - Safe Harbor Statement: Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision
About our Mining Portals:
http://www.gold-miningstocks.com/ and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Disclaimer: The following company profile release for Soltera Mining is a paid for submission. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
http://www.investorideas.com/About/News/Clientspecifics.asp
Investor Protection and Regulation for Pinks sheets:
http://www.pinksheets.com/otcguide/investors_protection.jsp
Contact Soltera Mining Corp.
Fabio Montanari
info@solteramining.com
+1 888-768-5552
For Additional Information about Investorideas.com mining portals:
C Van Zant: 800-665-0411 – cvanzant@investorideas.com
Source – Investorideas.com
Follow Investorideas.com On Twitter.com
http://twitter.com/Investorideas
__________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog: Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Friday, May 07, 2010
How to Research and Trade Gold Stocks and Mining Stocks
How to Research and Trade Gold Stocks and Mining Stocks
Investors can Research over 1100 Listed Gold and Mining Stocks with Global Directory
May 7, 2010, ( Investorideas.com mining stocks newswire) Investor Ideas reports one of the hottest selling investor tools is the mining stocks directory listing over 1100 publicly traded mining and gold companies, as gold prices rises and investors turn to gold for safety.
Investors following mining stocks can access the directory in a PDF format with hyperlinks to stocks symbol and trading info, company’s website URL and the mining company’s description. The mining stocks directory page is also available in login format and updated monthly as part of Investor Ideas premium content, along with ten other stock directories, including energy stocks, water stocks and renewable energy stocks.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring listings of Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Additional mining and gold stocks research tools for investors at Investorideas.com include the syndicated Mining Stocks Newswire that features news and commentary from well known industry experts including Kitco.com, Jay Taylor and Doug Casey in addition to news releases from publicly traded mining companies .
Investors subscribe to the Investorideas.com Mining Stocks Newswire http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Mining stocks and industry experts are invited to submit news, articles and research.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
Mining companies can also gain ongoing additional exposure to targeted investors searching for mining stocks by participating in one of the many investor awareness and showcase company programs at Investorideas.com.
Mining companies visit: Mining Stocks Investor Awareness Programs
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
Investors can Research over 1100 Listed Gold and Mining Stocks with Global Directory
May 7, 2010, ( Investorideas.com mining stocks newswire) Investor Ideas reports one of the hottest selling investor tools is the mining stocks directory listing over 1100 publicly traded mining and gold companies, as gold prices rises and investors turn to gold for safety.
Investors following mining stocks can access the directory in a PDF format with hyperlinks to stocks symbol and trading info, company’s website URL and the mining company’s description. The mining stocks directory page is also available in login format and updated monthly as part of Investor Ideas premium content, along with ten other stock directories, including energy stocks, water stocks and renewable energy stocks.
Mining and metals investors can research gold and mining stocks with the mining stocks directory, featuring listings of Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges.
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Additional mining and gold stocks research tools for investors at Investorideas.com include the syndicated Mining Stocks Newswire that features news and commentary from well known industry experts including Kitco.com, Jay Taylor and Doug Casey in addition to news releases from publicly traded mining companies .
Investors subscribe to the Investorideas.com Mining Stocks Newswire http://www.investorideas.com/RSS/feeds/Gold-Mining-Stocks.xml
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Mining stocks and industry experts are invited to submit news, articles and research.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
Mining companies can also gain ongoing additional exposure to targeted investors searching for mining stocks by participating in one of the many investor awareness and showcase company programs at Investorideas.com.
Mining companies visit: Mining Stocks Investor Awareness Programs
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
For more information contact:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com or cvanzant@investorideas.com
Investorideas.com - Re-release of Jay Taylor Coverage on Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
Re-release of Jay Taylor Coverage on Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
Point Roberts WA, May 7, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com, an investor research portal, features coverage by Jay Taylor on mining stock Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF), as released February 26th for interested investors.
Investorideas.com mining content features third part research reports from eResearch, commentary from Kitco.com, Jay Taylor, Casey Research and other resource newsletter writers.
Jay Taylor Coverage on Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
As published February 26, 2010
Jay Taylor - New buy recommendation
Publisher: www.miningstocks.com
Full Report in PDF
Excerpt:
Yale Resources Ltd. came to my attention via JaysWatchList.com. Members on my watch list are afforded a chance to tell our radio listeners about their companies and when I listened to this story and started to look at its prospects, at its current price of $0.053 (updated share price on Yale Resources Ltd. (TSX-V: YLL) I would have to be sure my paid subscribers heard this story.
While I favor companies with advanced-stage projects and especially those with larger-scale projects that can make shareholders big returns, at its current paltry price, return on investment for folks who buy theses shares at their current price level could be absolutely enormous in percentage terms. With a market cap of $3.5 million, Yale is selling at what is little more than the value of a public shell. Yet this company has a number of very attractive exploration projects.
Read the Full Report in PDF: http://www.yaleresources.com/i/pdf/Yale_Resources_Ltd_2010_02_26.pdf
Showcase Mining Stock
Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
Recent News:
YALE (TSX-V: YLL and Frankfurt: YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
Read full news: http://www.investorideas.com/CO/YLL/news/4301.asp
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/YLL/
Visit the company website at: http://www.yaleresources.com/
Request news and stock alerts from Yale
http://www.investorideas.com/Resources/Newsletter.asp
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Investorideas.com mining stocks directory (http://www.investorideas.com/Gold_Stocks/Stocks_List.asp) currently features over 1000 mining stocks for investors to research. The directory is also updated monthly as we add new companies in the sector.
Learn more about becoming a Mining Stock Featured Company.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Disclaimer: The following YLL company profile news is a paid for advertiser submission. YLL is an advertising showcase company on Investorideas.com. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and or its IR department and is not the opinion of Investorideas. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531
For Additional Information about Investorideas.com mining portals:
C Van Zant: – cvanzant@investorideas.com
Source – Investorideas.com
Point Roberts WA, May 7, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com, an investor research portal, features coverage by Jay Taylor on mining stock Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF), as released February 26th for interested investors.
Investorideas.com mining content features third part research reports from eResearch, commentary from Kitco.com, Jay Taylor, Casey Research and other resource newsletter writers.
Jay Taylor Coverage on Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
As published February 26, 2010
Jay Taylor - New buy recommendation
Publisher: www.miningstocks.com
Full Report in PDF
Excerpt:
Yale Resources Ltd. came to my attention via JaysWatchList.com. Members on my watch list are afforded a chance to tell our radio listeners about their companies and when I listened to this story and started to look at its prospects, at its current price of $0.053 (updated share price on Yale Resources Ltd. (TSX-V: YLL) I would have to be sure my paid subscribers heard this story.
While I favor companies with advanced-stage projects and especially those with larger-scale projects that can make shareholders big returns, at its current paltry price, return on investment for folks who buy theses shares at their current price level could be absolutely enormous in percentage terms. With a market cap of $3.5 million, Yale is selling at what is little more than the value of a public shell. Yet this company has a number of very attractive exploration projects.
Read the Full Report in PDF: http://www.yaleresources.com/i/pdf/Yale_Resources_Ltd_2010_02_26.pdf
Showcase Mining Stock
Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
Recent News:
YALE (TSX-V: YLL and Frankfurt: YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
Read full news: http://www.investorideas.com/CO/YLL/news/4301.asp
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/YLL/
Visit the company website at: http://www.yaleresources.com/
Request news and stock alerts from Yale
http://www.investorideas.com/Resources/Newsletter.asp
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Investorideas.com mining stocks directory (http://www.investorideas.com/Gold_Stocks/Stocks_List.asp) currently features over 1000 mining stocks for investors to research. The directory is also updated monthly as we add new companies in the sector.
Learn more about becoming a Mining Stock Featured Company.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Disclaimer: The following YLL company profile news is a paid for advertiser submission. YLL is an advertising showcase company on Investorideas.com. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and or its IR department and is not the opinion of Investorideas. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531
For Additional Information about Investorideas.com mining portals:
C Van Zant: – cvanzant@investorideas.com
Source – Investorideas.com
Thursday, May 06, 2010
Investorideas.com - 20,000 Metre Drill Program Underway at Gold Bullion's (TSX-V: GBB) Granada Gold Property
Investorideas.com - 20,000 Metre Drill Program Underway at Gold Bullion's (TSX-V: GBB) Granada Gold Property
20,000 Metre Drill Program Underway at Gold Bullion's (TSX-V: GBB) Granada Gold Property
VANCOUVER, BRITISH COLUMBIA - May 6, 2010 (Investorideas.com Mining stocks Newswire) Mr. Frank J. Basa reports:
Gold Bullion Development Corp. (TSX-V:GBB)(PINK SHEETS:GBBFF) (the "Company" or "Gold Bullion") is pleased to report that Landdrill International Inc. is now completing the second hole of a planned 20,000 metre Phase 2 drill program in the LONG Bars Zone of the Company's 100% owned Granada Gold Property, five kilometers south of Rouyn-Noranda, Quebec. Granada is situated along the prolific "Cadillac Trend" which features numerous multi-million ounce gold deposits.
Gold Bullion's Phase 2 drill program is designed to extend the LONG Bars Zone mineralized system (the current strike length is 1,100 metres) and complete infill and definition drilling for an updated Preliminary Block Model by the fall and a preliminary resource calculation by year-end that will be NI-43-101 compliant.
Several high priority targets designed to intersect the LONG Bars Zone Preliminary Block Model structure at depth from just north of the waste pile (northwest section of the LONG Bars Zone) are the initial focus of the Phase 2 program. GR-10-26, the first hole in this phase, was drilled to a depth of 186 metres. All targets are being drilled at an angle with the goal of intersecting this north-dipping structure. Core is now being logged and split and the first samples will soon be sent to the laboratory for analysis. GENIVAR, the company's geological consultant, is overseeing the drill program.
Drilling will sweep across the northern edge of the Preliminary Block Model and then focus on the high priority east-northeast extension of the LONG Bars Zone (outside the Block Model) near Phase 1 Discovery Hole GR-10-17. Extensive drilling will take place in this area with significant step-outs to the east and north of GR-10-17.
Around-the-clock drilling at the LONG Bars Zone is currently being handled by one drill rig on two 12-hour shifts. The Company is preparing for an extremely busy exploration period through the balance of spring and all summer. With such extensive drilling, arrangements are being finalized to create maximum efficiency and expediency in terms of the receipt of assay results.
"Our first round of drilling was very shallow as we tested for structure and confirmed the dimensional validity of the LONG Bars Zone Preliminary Block Model," stated Gold Bullion's President and CEO, Frank Basa. "We'll be drilling some deeper holes in Phase 2, particularly within the confines of the current Block Model which we believe has excellent potential at depth. The amount of drilling we're doing will help us build tonnage and create significant opportunities for new discoveries in several areas, inside and outside the Block Model."
"As demonstrated by this major round of new drilling and the important recent appointment of Brian Robertson to our board of directors, we are doing everything we can both on the ground at Granada and corporately to develop this project as a potentially large bulk tonnage, open-pit deposit surrounded by all the necessary infrastructure in the best jurisdiction in the world for mining and exploration," Frank Basa concluded.
Mineralization in the LONG Bars Zone is open in all directions.
Additional information on Gold Bullion's Granada Gold Property and the Company's Preliminary Block Model is available in a new Gold Bullion Corporate Presentation ("The Right People, The Right Area, The Right Time") which can be viewed at the Company's web site, http://www.GoldBullionDevelopmentCorp.com.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX VENTURE:GBB; PINK SHEETS:GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President, who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
Frank J. Basa, P.Eng., President and Chief Executive Officer
This news release may contain forward- looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Frank J. Basa, P.Eng.
Gold Bullion Development Corp.
President and CEO
1-416-625-2342
Roger Thomas
Gold Bullion Development Corp.
Director
1-613-292-2438
www.GoldBullionDevelopmentCorp.com
Disclosure: GBB is a paid advertising client on Investorideas.com and our mining portals.
Visit the GBB showcase profile at Investorideas.com
Request News and Info on GBB
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.
20,000 Metre Drill Program Underway at Gold Bullion's (TSX-V: GBB) Granada Gold Property
VANCOUVER, BRITISH COLUMBIA - May 6, 2010 (Investorideas.com Mining stocks Newswire) Mr. Frank J. Basa reports:
Gold Bullion Development Corp. (TSX-V:GBB)(PINK SHEETS:GBBFF) (the "Company" or "Gold Bullion") is pleased to report that Landdrill International Inc. is now completing the second hole of a planned 20,000 metre Phase 2 drill program in the LONG Bars Zone of the Company's 100% owned Granada Gold Property, five kilometers south of Rouyn-Noranda, Quebec. Granada is situated along the prolific "Cadillac Trend" which features numerous multi-million ounce gold deposits.
Gold Bullion's Phase 2 drill program is designed to extend the LONG Bars Zone mineralized system (the current strike length is 1,100 metres) and complete infill and definition drilling for an updated Preliminary Block Model by the fall and a preliminary resource calculation by year-end that will be NI-43-101 compliant.
Several high priority targets designed to intersect the LONG Bars Zone Preliminary Block Model structure at depth from just north of the waste pile (northwest section of the LONG Bars Zone) are the initial focus of the Phase 2 program. GR-10-26, the first hole in this phase, was drilled to a depth of 186 metres. All targets are being drilled at an angle with the goal of intersecting this north-dipping structure. Core is now being logged and split and the first samples will soon be sent to the laboratory for analysis. GENIVAR, the company's geological consultant, is overseeing the drill program.
Drilling will sweep across the northern edge of the Preliminary Block Model and then focus on the high priority east-northeast extension of the LONG Bars Zone (outside the Block Model) near Phase 1 Discovery Hole GR-10-17. Extensive drilling will take place in this area with significant step-outs to the east and north of GR-10-17.
Around-the-clock drilling at the LONG Bars Zone is currently being handled by one drill rig on two 12-hour shifts. The Company is preparing for an extremely busy exploration period through the balance of spring and all summer. With such extensive drilling, arrangements are being finalized to create maximum efficiency and expediency in terms of the receipt of assay results.
"Our first round of drilling was very shallow as we tested for structure and confirmed the dimensional validity of the LONG Bars Zone Preliminary Block Model," stated Gold Bullion's President and CEO, Frank Basa. "We'll be drilling some deeper holes in Phase 2, particularly within the confines of the current Block Model which we believe has excellent potential at depth. The amount of drilling we're doing will help us build tonnage and create significant opportunities for new discoveries in several areas, inside and outside the Block Model."
"As demonstrated by this major round of new drilling and the important recent appointment of Brian Robertson to our board of directors, we are doing everything we can both on the ground at Granada and corporately to develop this project as a potentially large bulk tonnage, open-pit deposit surrounded by all the necessary infrastructure in the best jurisdiction in the world for mining and exploration," Frank Basa concluded.
Mineralization in the LONG Bars Zone is open in all directions.
Additional information on Gold Bullion's Granada Gold Property and the Company's Preliminary Block Model is available in a new Gold Bullion Corporate Presentation ("The Right People, The Right Area, The Right Time") which can be viewed at the Company's web site, http://www.GoldBullionDevelopmentCorp.com.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture listed junior natural resource company focusing on the exploration and development of its Granada Gold Property near Rouyn-Noranda, Quebec, and its high grade Castle Silver Mine in Gowganda, Ontario.
For more information on Gold Bullion Development Corp. (TSX VENTURE:GBB; PINK SHEETS:GBBFF), visit our web site: http://www.GoldBullionDevelopmentCorp.com.
Qualified Person
The scientific and technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President, who is a member of the Ontario Association of Professional Engineers and a "qualified" person in accordance with National Instrument 43-101.
Frank J. Basa, P.Eng., President and Chief Executive Officer
This news release may contain forward- looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Frank J. Basa, P.Eng.
Gold Bullion Development Corp.
President and CEO
1-416-625-2342
Roger Thomas
Gold Bullion Development Corp.
Director
1-613-292-2438
www.GoldBullionDevelopmentCorp.com
Disclosure: GBB is a paid advertising client on Investorideas.com and our mining portals.
Visit the GBB showcase profile at Investorideas.com
Request News and Info on GBB
Published at Investorideas.com and www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
Wednesday, May 05, 2010
AMI Resources Inc. (TSX.V:AMU) - Results & Recommendations; Sirba Gold Project in Niger
AMI Resources Inc. (TSX.V:AMU) - Results & Recommendations
VANCOUVER - May 5, 2010 (Investorideas.com Mining newswire) - AMI Resources Inc. (TSX-V: AMU) - The Company has received and posted on its website www.amiresources.com the final drill reports on both the Tialkam and Deba license that make up the Sirba Gold Project in Niger.
Tialkam License - Eight reverse circulation ("RC") holes totaling 808m were drilled at Congo Toure and Tialkam South prospects. The holes drilled at Congo Toure confirm the presence of gold mineralization in volcanic rocks associated to the gabbroic complex. The next drill program is proposed along an East West fence that will intersect potential gold mineralization along the N45 degrees - N55 degrees geological trend and the N130 degrees - N140 degrees tectonic features.
The drill holes at Tialkam South with intersections of 24m (at) 3.08 g/t have confirmed the mineralization from the historic drill holes, while the intersection of 8m (at) 1.08 g/t in TSR004 has extended its continuity over 300 m to the NE. Two fence lines of RC holes are proposed to confirm the extension along this trend.
A GEOTEM generated prospect in the lower SW corner of the Tialkam license is probably the same graphitic horizon as Semafo's Libiri deposit but was displaced by NNE trending faults. A fence profile of 13 drill holes will check the probable extension of the Libiri/Libdorado mineralization into the Tialkam license. The Semafo Samira Hill deposit is the first economic gold deposit in Niger and the corridor of gold mineralization in the Sirba belt partly covered by the Tialkam and Deba license is a very favourable area for the next discovery. See attached map. http://files.newswire.ca/872/GOLDCORRIDOR.doc
Deba License - Seventeen RC holes totaling 1,375m were drilled at Deba village, Kokoloukou and Sefa Nangue, three of the 5 known prospects on this license. The main objective of this program was to confirm and extend the gold mineralization identified in historic drill holes.
In the Deba village prospect, soil geochemistry has identified clusters of gold anomalies within an area of approximately 2 km in diameter where trenching and drilling encountered gold mineralization.
At Sefa Nague the RC drilling encountered several narrow gold intersections some ranging from 10m to 18m. The core drilling in the mid nineties by Japan Intergovernmental Cooperation Agency (JICA) also intersected a multitude of quart veins oriented E-W. JICA reported a NI43-101 non-compliant resource of 2.4 m tons grading 2.06 g/t Au from 5,126m of core drilling. The mineralized zone about 500m wide has likely a western extension where more prolific gold zones could be located. A prolongation of the gold mineralization toward the NW is incidentally supported by atisanal mining sites and the curvature of the quartz veins in that direction. RAB drilling is proposed in the most promising NW area and trenching for reconnaissance toward the SW.
Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of NI43-101, has reviewed the scientific and technical information contained in this press release. An exploration program and budget is currently being designed to further test the above prospects on both the Tialkam and Deba licenses.
We seek safe harbour.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information: Dustin Elford, President (604) 669-2901
Disclosure: AMU is a paid advertising client on Investorideas.com and our mining portals.
Visit the AMU showcase profile at Investorideas.com http://www.investorideas.com/CO/AMU/
Request News and Info on AMU
Published at Investorideas.com and http://www.gold-miningstocks.com/ and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
_____________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
VANCOUVER - May 5, 2010 (Investorideas.com Mining newswire) - AMI Resources Inc. (TSX-V: AMU) - The Company has received and posted on its website www.amiresources.com the final drill reports on both the Tialkam and Deba license that make up the Sirba Gold Project in Niger.
Tialkam License - Eight reverse circulation ("RC") holes totaling 808m were drilled at Congo Toure and Tialkam South prospects. The holes drilled at Congo Toure confirm the presence of gold mineralization in volcanic rocks associated to the gabbroic complex. The next drill program is proposed along an East West fence that will intersect potential gold mineralization along the N45 degrees - N55 degrees geological trend and the N130 degrees - N140 degrees tectonic features.
The drill holes at Tialkam South with intersections of 24m (at) 3.08 g/t have confirmed the mineralization from the historic drill holes, while the intersection of 8m (at) 1.08 g/t in TSR004 has extended its continuity over 300 m to the NE. Two fence lines of RC holes are proposed to confirm the extension along this trend.
A GEOTEM generated prospect in the lower SW corner of the Tialkam license is probably the same graphitic horizon as Semafo's Libiri deposit but was displaced by NNE trending faults. A fence profile of 13 drill holes will check the probable extension of the Libiri/Libdorado mineralization into the Tialkam license. The Semafo Samira Hill deposit is the first economic gold deposit in Niger and the corridor of gold mineralization in the Sirba belt partly covered by the Tialkam and Deba license is a very favourable area for the next discovery. See attached map. http://files.newswire.ca/872/GOLDCORRIDOR.doc
Deba License - Seventeen RC holes totaling 1,375m were drilled at Deba village, Kokoloukou and Sefa Nangue, three of the 5 known prospects on this license. The main objective of this program was to confirm and extend the gold mineralization identified in historic drill holes.
In the Deba village prospect, soil geochemistry has identified clusters of gold anomalies within an area of approximately 2 km in diameter where trenching and drilling encountered gold mineralization.
At Sefa Nague the RC drilling encountered several narrow gold intersections some ranging from 10m to 18m. The core drilling in the mid nineties by Japan Intergovernmental Cooperation Agency (JICA) also intersected a multitude of quart veins oriented E-W. JICA reported a NI43-101 non-compliant resource of 2.4 m tons grading 2.06 g/t Au from 5,126m of core drilling. The mineralized zone about 500m wide has likely a western extension where more prolific gold zones could be located. A prolongation of the gold mineralization toward the NW is incidentally supported by atisanal mining sites and the curvature of the quartz veins in that direction. RAB drilling is proposed in the most promising NW area and trenching for reconnaissance toward the SW.
Claude Jobin, P.Eng M.Sc. AMI's consulting geologist, who is a qualified person within the meaning of NI43-101, has reviewed the scientific and technical information contained in this press release. An exploration program and budget is currently being designed to further test the above prospects on both the Tialkam and Deba licenses.
We seek safe harbour.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information: Dustin Elford, President (604) 669-2901
Disclosure: AMU is a paid advertising client on Investorideas.com and our mining portals.
Visit the AMU showcase profile at Investorideas.com http://www.investorideas.com/CO/AMU/
Request News and Info on AMU
Published at Investorideas.com and http://www.gold-miningstocks.com/ and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
_____________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Tuesday, May 04, 2010
Mining stocks; TOMBSTONE EXPLORATION (OTCBB:TMBXF) TO BEGIN EXPLORATION OF PORPHYRY COPPER TARGETS
Mining stocks; TOMBSTONE EXPLORATION (OTCBB:TMBXF) TO BEGIN EXPLORATION OF PORPHYRY COPPER TARGETS
Phoenix, AZ – May 4, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today that the Company has made significant progress with its drilling program at its property at Tombstone, Arizona. To date, 2375 feet of drilling has been completed, with the drilling on the State of Maine still to be completed.
Follow up work on other targets on Tombstone’s property indicate that there is a possibility that porphyry copper deposits could be found. Previous drilling in the area indicates that porphyry systems exist and that there could be multiple targets in the district. Due to Tombstone’s extensive land holding of about 11,500 acres, there is potential for one or more of these systems on the Company’s property.
Recently, one of the largest mining companies in the world has been acquiring property on the southern border of Tombstone’s land holdings. There are a number of companies doing extensive exploration in southeastern Arizona for porphyry copper deposits as the general area has a long history of hosting these types of deposits. Tombstone has developed an exploration strategy for these deposits that includes airborne geophysical analysis and geochemical surveys to define potential targets.
Steven J. Radvak, P.E., Vice President of Exploration of Tombstone, commented, “The drilling program has progressed nicely and we are waiting for laboratory results for the initial drilling. Additional drilling may be warranted after these results have been received and analyzed. We have also started planning a major geophysical and geochemical survey to help delineate porphyry targets on our property.”
Alan Brown, CEO of Tombstone, commented, “The company is expanding it exploration program to include a search for large open pit style copper gold deposits."
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
Visit the TMBXF showcase profile at Investorideas.com
Request News and Info on TMBXF
Published at Investorideas.com and http://www.gold-miningstocks.com/ and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, 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.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features 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 -Public companies please contact us with updates, corrections and additions.
Visit directory and start research for mining stocks now -
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Phoenix, AZ – May 4, 2010 (Investorideas.com Mining Stocks Newswire) – Tombstone Exploration Corp. (OTCBB:TMBXF) announced today that the Company has made significant progress with its drilling program at its property at Tombstone, Arizona. To date, 2375 feet of drilling has been completed, with the drilling on the State of Maine still to be completed.
Follow up work on other targets on Tombstone’s property indicate that there is a possibility that porphyry copper deposits could be found. Previous drilling in the area indicates that porphyry systems exist and that there could be multiple targets in the district. Due to Tombstone’s extensive land holding of about 11,500 acres, there is potential for one or more of these systems on the Company’s property.
Recently, one of the largest mining companies in the world has been acquiring property on the southern border of Tombstone’s land holdings. There are a number of companies doing extensive exploration in southeastern Arizona for porphyry copper deposits as the general area has a long history of hosting these types of deposits. Tombstone has developed an exploration strategy for these deposits that includes airborne geophysical analysis and geochemical surveys to define potential targets.
Steven J. Radvak, P.E., Vice President of Exploration of Tombstone, commented, “The drilling program has progressed nicely and we are waiting for laboratory results for the initial drilling. Additional drilling may be warranted after these results have been received and analyzed. We have also started planning a major geophysical and geochemical survey to help delineate porphyry targets on our property.”
Alan Brown, CEO of Tombstone, commented, “The company is expanding it exploration program to include a search for large open pit style copper gold deposits."
Tombstone Exploration Corporation (TMBXF) is focused primarily on exploration and development of mineral resources. Tombstone Exploration Corporation has the mineral rights to approximately 11,500 acres of historical mining land in the areas around Tombstone, Arizona and is the largest landholder in the Tombstone Mining District.
For more information on Tombstone Exploration Corporation, please visit www.tombstonemining.com.
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to Tombstone Exploration Corporation's ability to obtain additional financing. Tombstone Exploration Corporation undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in Tombstone Exploration Corporation's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact Tombstone Exploration Corporation's success are more fully disclosed in Tombstone Exploration Corporation most recent public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Tombstone Exploration Corporation
Alan M. Brown
President
alanmbrown@cox.net
480-305-4507
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
jack@theeversullgroup.com
Disclosure: TMBXF is a paid advertising client on Investorideas.com and our mining portals.
Visit the TMBXF showcase profile at Investorideas.com
Request News and Info on TMBXF
Published at Investorideas.com and http://www.gold-miningstocks.com/ and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, 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.
Mining Stocks Directory: Research mining stocks and gold stocks:
Directory Features 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 -Public companies please contact us with updates, corrections and additions.
Visit directory and start research for mining stocks now -
http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Gold and Mining Stocks; Company Profile for Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
Gold and Mining Stocks; Company Profile for Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF)
Point Roberts WA, May 4, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com announce the new profile for showcase mining stock, Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF) .
Showcase Mining Stock
Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
Recent News:
YALE (TSX-V: YLL and Frankfurt: YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
Read full news: http://www.investorideas.com/CO/YLL/news/4301.asp
From the Profile: http://www.investorideas.com/CO/YLL/
Yale Resources is well positioned to become one of the key project generators in Mexico. Yale has taken advantage of its extensive network of contacts to identify and acquire projects of merit. In addition, through its Mexican staff Yale has been able to identify early stage areas for staking.
Yale currently has seven projects of which three are under option with partners. Yale currently has over $1.1 million in expenditures committed by its partners in 2010.
This business model is significant for Yale investors as they get to participate in multiple exploration programs funded by Yale’s partners. Should there be exploration success Yale benefits by having additional exploration commitments on its projects. The securities owned by Yale should then become more valuable as well adding to the capital of Yale.
Yale continues to look for and assess new projects.
Current Projects:
1) La Verde (Cu-Ag-Zn-Au): multiple targets with La Verde Grande the most advanced with over 600 m of workings.
2) Dos Naciones (Ag-Pb and Cu-Au-Zn-Ag): Under option to Del Torro Silver – can earn 80% by spending $800,000 and issuing Yale 800,000 shares.
3) Carol (Cu-Ag-Zn-Au): Available for option - drill ready with two large bulk tonnage targets.
4) Orofino (Au-Ag): multiple gold and gold/silver targets. Previous drilling by Teck and 5 targets previously saw small-scale open pit production.
5) Urique (Ag-Au): Under option to American Sierra Gold - can earn 90% by spending $2,600,000, issuing Yale 420,000 shares and paying Yale $750,000. To date AMNP has spent $300,000 on the property, paid Yale $100,000 and issued Yale 100,000 shares. Second year requires $500,000 of expenditure
6) Guadalupe (Ag-Au): Under option to Silver America Inc – can earn 90% by paying Yale US $900,000, issuing 1,000,000 shares and spending $2,000,000 (including a minimum of 2,000 drilling in first year).
7) Los Amoles (Ag-Au): early stage project with multiple historic workings within a 2.3 by 1.1 km area containing multiple veins.
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/YLL/
Visit the company website at: http://www.yaleresources.com/s/Home.asp
Request news and stock alerts from
http://www.investorideas.com/Resources/Newsletter.asp
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Investorideas.com mining stocks directory (http://www.investorideas.com/Gold_Stocks/Stocks_List.asp) currently features over 1000 mining stocks for investors to research. The directory is also updated monthly as we add new companies in the sector.
Learn more about becoming a Mining Stock Featured Company.
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Become an InvestorIdeas.com member and access all of our stock directories by login. -Learn more: http://www.investorideas.com/membership/
Join our Campaign for 2010- One million members stronger…
Disclaimer: The following company profile news is a paid for submission, as a showcase company on Investorideas.com. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and or its IR department and is not the opinion of Investorideas. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531
For Additional Information about Investorideas.com mining portals:
C Van Zant: – cvanzant@investorideas.com
Source – Investorideas.com
Point Roberts WA, May 4, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com announce the new profile for showcase mining stock, Yale Resources Ltd. (TSX-V: YLL; Frankfurt:YAB; OTCPK: YRLLF) .
Showcase Mining Stock
Yale Resources Ltd. (TSX-V: YLL; Frankfurt: YAB; OTCPK: YRLLF) is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
Recent News:
YALE (TSX-V: YLL and Frankfurt: YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
Read full news: http://www.investorideas.com/CO/YLL/news/4301.asp
From the Profile: http://www.investorideas.com/CO/YLL/
Yale Resources is well positioned to become one of the key project generators in Mexico. Yale has taken advantage of its extensive network of contacts to identify and acquire projects of merit. In addition, through its Mexican staff Yale has been able to identify early stage areas for staking.
Yale currently has seven projects of which three are under option with partners. Yale currently has over $1.1 million in expenditures committed by its partners in 2010.
This business model is significant for Yale investors as they get to participate in multiple exploration programs funded by Yale’s partners. Should there be exploration success Yale benefits by having additional exploration commitments on its projects. The securities owned by Yale should then become more valuable as well adding to the capital of Yale.
Yale continues to look for and assess new projects.
Current Projects:
1) La Verde (Cu-Ag-Zn-Au): multiple targets with La Verde Grande the most advanced with over 600 m of workings.
2) Dos Naciones (Ag-Pb and Cu-Au-Zn-Ag): Under option to Del Torro Silver – can earn 80% by spending $800,000 and issuing Yale 800,000 shares.
3) Carol (Cu-Ag-Zn-Au): Available for option - drill ready with two large bulk tonnage targets.
4) Orofino (Au-Ag): multiple gold and gold/silver targets. Previous drilling by Teck and 5 targets previously saw small-scale open pit production.
5) Urique (Ag-Au): Under option to American Sierra Gold - can earn 90% by spending $2,600,000, issuing Yale 420,000 shares and paying Yale $750,000. To date AMNP has spent $300,000 on the property, paid Yale $100,000 and issued Yale 100,000 shares. Second year requires $500,000 of expenditure
6) Guadalupe (Ag-Au): Under option to Silver America Inc – can earn 90% by paying Yale US $900,000, issuing 1,000,000 shares and spending $2,000,000 (including a minimum of 2,000 drilling in first year).
7) Los Amoles (Ag-Au): early stage project with multiple historic workings within a 2.3 by 1.1 km area containing multiple veins.
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/YLL/
Visit the company website at: http://www.yaleresources.com/s/Home.asp
Request news and stock alerts from
http://www.investorideas.com/Resources/Newsletter.asp
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Investorideas.com mining stocks directory (http://www.investorideas.com/Gold_Stocks/Stocks_List.asp) currently features over 1000 mining stocks for investors to research. The directory is also updated monthly as we add new companies in the sector.
Learn more about becoming a Mining Stock Featured Company.
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Become an InvestorIdeas.com member and access all of our stock directories by login. -Learn more: http://www.investorideas.com/membership/
Join our Campaign for 2010- One million members stronger…
Disclaimer: The following company profile news is a paid for submission, as a showcase company on Investorideas.com. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and or its IR department and is not the opinion of Investorideas. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531
For Additional Information about Investorideas.com mining portals:
C Van Zant: – cvanzant@investorideas.com
Source – Investorideas.com
Sunday, May 02, 2010
Mining Stocks; East Asia Minerals(TSX.V EAS) Finalizes Private Placement Terms
Mining Stocks; East Asia Minerals(TSX.V EAS) Finalizes Private Placement Terms
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES.
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ mining stocks newswire) - East Asia Minerals Corporation (TSX.V EAS) is pleased to announce the terms of a non-brokered financing. The Company will raise up to $18.85 million through the issuing of up to 2.5 million shares at $7.54 per share. This non-brokered financing is for common shares only, with no warrants attached, and no fees are being paid. The transaction is subject to TSX Venture Exchange approval.
East Asia Minerals will use the proceeds of the offering for further exploration of the Miwah Gold Project, advancement of its Indonesia gold and gold-copper portfolio, and unallocated working capital.
"This offer by third parties for a non-brokered Private Placement into East Asia Minerals is welcomed as the Company continues to advance the impressive Miwah Gold Project in Indonesia," stated Michael Hawkins, President and CEO of East Asia Minerals. "With this important investment into East Asia Minerals, we will be in the position to accelerate our diamond drill program at Miwah and to commence drilling other properties in our diversified and robust gold portfolio."
Miwah Background
The Miwah Gold Prospect was partially defined by approximately 3,100 metres of drilling in twelve holes by a previous explorer in 1997. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres of 1.4 g/t gold and 58 metres of 1.1 g/t gold. The previous explorer suggested potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was parallel to higher grade (greater than 5 g/t gold) structures at surface. Hence, in addition to greater mineralized tonnage, significantly higher overall grades are anticipated from better geological understanding, results of the Company's detailed sampling, and from the ongoing drill program which is based on increased geological understanding. An example is the intersection of 3.96 g/t gold over 111 metres, including 15.74 g/t gold over 22 metres from East Asia's diamond drill hole EMD024.
Based on the Company's work Miwah is resolving into two components; a large 1,200 metre long, at least 450 metre wide, approximately 200 metre thick tabular zone; and vertical diatreme breccia feeder zones that are beneath and cut through this. At Miwah Gold Zones, East Asia has almost 2,500 metres of rock sawn channel samples which average 2.35 g/t gold. Grade expectations in Main Miwah Gold Zone exceed 1.5 g/t gold. Ongoing sampling verified the Company's confidence that higher overall gold grades can be achieved due to the presence of multiple high grade rock sawn channel samples throughout the strike, including 4.11 g/t gold over 200 metres at the eastern part of the Main Miwah Gold Zone, and 4.35 g/t gold over 27 metres at the western part. Recent drilling has supported this.
Miwah Main Zone remains open in all directions with the Moon River area expanding the north-south potential to more than 600 metres, whilst remaining open further to the north towards Sipopok. Drilling has extended the Miwah Main Zone towards a similar northing as Moon River. Sampling west of the Miwah Main Zone in the Signal area has potentially expanded the east-west width another 600 metres and remains open.
In addition to the tabular zone the Company has begun to characterize some of the diatreme breccia feeder zones, with rock sawn channel samples including 83.59 g/t gold over 24 metres and 20.14 g/t gold over 12 metres. Recent drilling has supported this. These feeder zones have great potential to develop into substantial tonnages of higher grade gold mineralization in an area adjacent to the Main Miwah Gold Zone.
The Miwah Property is in a very similar volcanic setting to the Martabe gold-silver deposit, also located in North Sumatra (Purnama and Baskara resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces gold) and 15 g/t silver (60 million ounces silver), and the alteration system is of a comparable size. Miwah also exhibits a likeness to the size, style and geometry of the alteration system developed at the Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t silver, giving a total 6.49 million ounces gold and 47.9 million ounces silver).
Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed and approves the content of this release. East Asia has not verified the classification of the resource references and is not treating them as NI 43-101 defined resources verified by a QP. Although the references of resources are relevant to recognizing the potential of the Miwah project, they should not be relied upon.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE:EAS) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being advanced to define NI43-101 compliant resources. The Company owns eight uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 71,455,372 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
Forward Looking Statements - This News Release contains forward looking information within the meaning of the British Columbia Securities Act, the Ontario Securities Act and the Alberta Securities Act, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with our expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including uranium, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of the Company. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
To receive or stop receiving EAS news via email, please email Info@EAminerals.com and state your preference in the subject line.
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.
__________________________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow.
Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES.
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ mining stocks newswire) - East Asia Minerals Corporation (TSX.V EAS) is pleased to announce the terms of a non-brokered financing. The Company will raise up to $18.85 million through the issuing of up to 2.5 million shares at $7.54 per share. This non-brokered financing is for common shares only, with no warrants attached, and no fees are being paid. The transaction is subject to TSX Venture Exchange approval.
East Asia Minerals will use the proceeds of the offering for further exploration of the Miwah Gold Project, advancement of its Indonesia gold and gold-copper portfolio, and unallocated working capital.
"This offer by third parties for a non-brokered Private Placement into East Asia Minerals is welcomed as the Company continues to advance the impressive Miwah Gold Project in Indonesia," stated Michael Hawkins, President and CEO of East Asia Minerals. "With this important investment into East Asia Minerals, we will be in the position to accelerate our diamond drill program at Miwah and to commence drilling other properties in our diversified and robust gold portfolio."
Miwah Background
The Miwah Gold Prospect was partially defined by approximately 3,100 metres of drilling in twelve holes by a previous explorer in 1997. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres of 1.4 g/t gold and 58 metres of 1.1 g/t gold. The previous explorer suggested potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was parallel to higher grade (greater than 5 g/t gold) structures at surface. Hence, in addition to greater mineralized tonnage, significantly higher overall grades are anticipated from better geological understanding, results of the Company's detailed sampling, and from the ongoing drill program which is based on increased geological understanding. An example is the intersection of 3.96 g/t gold over 111 metres, including 15.74 g/t gold over 22 metres from East Asia's diamond drill hole EMD024.
Based on the Company's work Miwah is resolving into two components; a large 1,200 metre long, at least 450 metre wide, approximately 200 metre thick tabular zone; and vertical diatreme breccia feeder zones that are beneath and cut through this. At Miwah Gold Zones, East Asia has almost 2,500 metres of rock sawn channel samples which average 2.35 g/t gold. Grade expectations in Main Miwah Gold Zone exceed 1.5 g/t gold. Ongoing sampling verified the Company's confidence that higher overall gold grades can be achieved due to the presence of multiple high grade rock sawn channel samples throughout the strike, including 4.11 g/t gold over 200 metres at the eastern part of the Main Miwah Gold Zone, and 4.35 g/t gold over 27 metres at the western part. Recent drilling has supported this.
Miwah Main Zone remains open in all directions with the Moon River area expanding the north-south potential to more than 600 metres, whilst remaining open further to the north towards Sipopok. Drilling has extended the Miwah Main Zone towards a similar northing as Moon River. Sampling west of the Miwah Main Zone in the Signal area has potentially expanded the east-west width another 600 metres and remains open.
In addition to the tabular zone the Company has begun to characterize some of the diatreme breccia feeder zones, with rock sawn channel samples including 83.59 g/t gold over 24 metres and 20.14 g/t gold over 12 metres. Recent drilling has supported this. These feeder zones have great potential to develop into substantial tonnages of higher grade gold mineralization in an area adjacent to the Main Miwah Gold Zone.
The Miwah Property is in a very similar volcanic setting to the Martabe gold-silver deposit, also located in North Sumatra (Purnama and Baskara resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces gold) and 15 g/t silver (60 million ounces silver), and the alteration system is of a comparable size. Miwah also exhibits a likeness to the size, style and geometry of the alteration system developed at the Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t silver, giving a total 6.49 million ounces gold and 47.9 million ounces silver).
Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed and approves the content of this release. East Asia has not verified the classification of the resource references and is not treating them as NI 43-101 defined resources verified by a QP. Although the references of resources are relevant to recognizing the potential of the Miwah project, they should not be relied upon.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE:EAS) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being advanced to define NI43-101 compliant resources. The Company owns eight uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 71,455,372 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
Forward Looking Statements - This News Release contains forward looking information within the meaning of the British Columbia Securities Act, the Ontario Securities Act and the Alberta Securities Act, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with our expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including uranium, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of the Company. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
To receive or stop receiving EAS news via email, please email Info@EAminerals.com and state your preference in the subject line.
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.
__________________________________________________________________
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
Visit Investorideas.com leading mining portals - http://www.gold-miningstocks.com/ and http://www.miningsectorstocks.com/ to get stock news, directories and showcase mining stocks to follow.
Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Friday, April 30, 2010
YALE (TSX-V:YLL and Frankfurt:YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
YALE (TSX-V:YLL and Frankfurt:YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED
April 30, 2010 (Investorideas.com Mining stocks Newswire) Yale Resources Ltd. (TSX-V:YLL and Frankfurt:YAB) is pleased to report that it has signed a formal Agreement with Silver America Inc. (OTCBB – SILA) for the option to earn a 90% interest in Yale’s wholly owned Guadalupe Property located in Zacatecas State, Mexico. Yale has received a total of US$20,000 and 100,000 shares in Silver America.
To earn a 90% interest Silver America will be required to pay Yale US $ 900,000 cash, spend US $ 2,000,000 on exploration expenditures and issue 1,000,000 shares to Yale over four years. Cash payments will be due every six months and will increase to a final payment of US $355,000. Yale will act as the operator for the project. The minimum work commitment before June 30, 2011 is US $ 400,000 including a minimum of 2,000 metres of drilling. Should the earn-in be completed Yale will retain a 10% participating interest in the property as well as a 2% NSR, which can be bought out in entirety for US $ 2,000,000.
In anticipation of the closing of the agreement, Yale personnel have recently finished a stage one exploration program on the Guadalupe property. The program consisted of geological mapping, locating the historic workings on the property, and sampling. 59 chip samples were taken from outcrops and within workings. To date, 25 vertical shafts have been identified within the property. These include the San Antonio and Santa Rosa mines, each reaching 270 metres in depth. The Mina Negra shaft has been measured to be in excess of 100 metres. All of these workings exploited at least 5 different veins that cross the property.
Results from this work program are pending.
About Yale Resources:
Yale Resources is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Disclosure: YLL is a paid advertising client on Investorideas.com and our mining portals.
Visit the YLL showcase profile at Investorideas.com
http://www.investorideas.com/CO/YLL/
Request News and Info on YLL
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
____________________________________________________
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
April 30, 2010 (Investorideas.com Mining stocks Newswire) Yale Resources Ltd. (TSX-V:YLL and Frankfurt:YAB) is pleased to report that it has signed a formal Agreement with Silver America Inc. (OTCBB – SILA) for the option to earn a 90% interest in Yale’s wholly owned Guadalupe Property located in Zacatecas State, Mexico. Yale has received a total of US$20,000 and 100,000 shares in Silver America.
To earn a 90% interest Silver America will be required to pay Yale US $ 900,000 cash, spend US $ 2,000,000 on exploration expenditures and issue 1,000,000 shares to Yale over four years. Cash payments will be due every six months and will increase to a final payment of US $355,000. Yale will act as the operator for the project. The minimum work commitment before June 30, 2011 is US $ 400,000 including a minimum of 2,000 metres of drilling. Should the earn-in be completed Yale will retain a 10% participating interest in the property as well as a 2% NSR, which can be bought out in entirety for US $ 2,000,000.
In anticipation of the closing of the agreement, Yale personnel have recently finished a stage one exploration program on the Guadalupe property. The program consisted of geological mapping, locating the historic workings on the property, and sampling. 59 chip samples were taken from outcrops and within workings. To date, 25 vertical shafts have been identified within the property. These include the San Antonio and Santa Rosa mines, each reaching 270 metres in depth. The Mina Negra shaft has been measured to be in excess of 100 metres. All of these workings exploited at least 5 different veins that cross the property.
Results from this work program are pending.
About Yale Resources:
Yale Resources is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Disclosure: YLL is a paid advertising client on Investorideas.com and our mining portals.
Visit the YLL showcase profile at Investorideas.com
http://www.investorideas.com/CO/YLL/
Request News and Info on YLL
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
____________________________________________________
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
Mining Stocks; Tao Minerals Ltd. (OTCBB: TAON) Provides Update on Corporate Activities
Tao Minerals Ltd. (OTCBB: TAON) Provides Update on Corporate Activities
MEDELLIN, COLOMBIA - April 30, 2010 (Investorideas.com Mining stocks Newswire) - Tao Minerals Ltd. (Tao) (OTC.BB:TAON) is pleased to provide an update of its operations and corporate activities. In the past six months Tao has undergone a complete reorganization. This was done to provide more attractive financing options as the company moves forward focused on development and production at its El Colmillo Gold project. Market conditions for financing have improved and specifically recent successes by companies such as Ventana Gold Corp. have improved the financing prospects for other mining companies in Colombia. Tao will be providing an update of its financing activities in the near future.
The International Finance Corporation (IFC), an investment branch of the World Bank has identified Colombia as a primary target for mining investment because of the potential for substantial economic impact from the mining sector. The Colombian government has been recognized as one of the best pro-business reformers globally in recent years by the World Bank and with the country gaining economic stability, new legislation provides foreign investors with a high degree of legal protection and security.
Tao believes that the security situation at its El Colmillo gold project in Colombia has continually improved during the time frame under which the company has been reorganized. As previously announced on April 6, 2009 Tao was working with federal and local authorities to improve security in the area and specifically the El Colmillo Gold Mine. Local mayors and townspeople who were employed at the mine site have exerted considerable political influence on the Colombian government to clean up the situation with the guerrillas in the area and are encouraged by the response from all authorities involved. Significant progress has been made and subject to a third party security assessment Tao is poised to resume operations and move the project to the production stage. The project will provide local employment and plans are moving ahead to upgrade the roads to this remote area to allow federal security forces access to the mine site greatly improving response times should the company experience any further security issues.
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation that the proposed joint ventures will be completed, and the expectation that the security situation at El Colmillo will be resolved and that mine production will go ahead as planned at the El Colmillo Gold Mine. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include among others, the inherent uncertainties associated with mineral exploration and mine development. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2009 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contacts:
Tao Minerals Ltd.
James Sikora
President & CEO
1-877-331-8777
www.taominerals.com
Disclosure: TAON is a paid advertising client on Investorideas.com and our mining portals.
Visit the TAON showcase profile at Investorideas.com
http://www.investorideas.com/CO/TAON/
Request News and Info on TAON
Published at Investorideas.com and http://www.gold-miningstocks.com%20and/ www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
____________________________________________________________________
More mining stocks info:
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
MEDELLIN, COLOMBIA - April 30, 2010 (Investorideas.com Mining stocks Newswire) - Tao Minerals Ltd. (Tao) (OTC.BB:TAON) is pleased to provide an update of its operations and corporate activities. In the past six months Tao has undergone a complete reorganization. This was done to provide more attractive financing options as the company moves forward focused on development and production at its El Colmillo Gold project. Market conditions for financing have improved and specifically recent successes by companies such as Ventana Gold Corp. have improved the financing prospects for other mining companies in Colombia. Tao will be providing an update of its financing activities in the near future.
The International Finance Corporation (IFC), an investment branch of the World Bank has identified Colombia as a primary target for mining investment because of the potential for substantial economic impact from the mining sector. The Colombian government has been recognized as one of the best pro-business reformers globally in recent years by the World Bank and with the country gaining economic stability, new legislation provides foreign investors with a high degree of legal protection and security.
Tao believes that the security situation at its El Colmillo gold project in Colombia has continually improved during the time frame under which the company has been reorganized. As previously announced on April 6, 2009 Tao was working with federal and local authorities to improve security in the area and specifically the El Colmillo Gold Mine. Local mayors and townspeople who were employed at the mine site have exerted considerable political influence on the Colombian government to clean up the situation with the guerrillas in the area and are encouraged by the response from all authorities involved. Significant progress has been made and subject to a third party security assessment Tao is poised to resume operations and move the project to the production stage. The project will provide local employment and plans are moving ahead to upgrade the roads to this remote area to allow federal security forces access to the mine site greatly improving response times should the company experience any further security issues.
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia doing so in a socially and environmentally responsible manner.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation that the proposed joint ventures will be completed, and the expectation that the security situation at El Colmillo will be resolved and that mine production will go ahead as planned at the El Colmillo Gold Mine. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include among others, the inherent uncertainties associated with mineral exploration and mine development. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2009 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contacts:
Tao Minerals Ltd.
James Sikora
President & CEO
1-877-331-8777
www.taominerals.com
Disclosure: TAON is a paid advertising client on Investorideas.com and our mining portals.
Visit the TAON showcase profile at Investorideas.com
http://www.investorideas.com/CO/TAON/
Request News and Info on TAON
Published at Investorideas.com and http://www.gold-miningstocks.com%20and/ www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research.
____________________________________________________________________
More mining stocks info:
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
Thursday, April 29, 2010
Q&A Interview with Gold Stock Soltera Mining Corp. (OTCPK: SLTA); a History of an Argentina Gold Mine
Q&A Interview with Gold Stock Soltera Mining Corp. (OTCPK: SLTA); a History of an Argentina Gold Mine
Point Roberts, WA - April 29, 2010 - www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com release a Q&A interview Dr. Fabio Montanari, President/COO of Soltera Mining Corp. (OTCPK:SLTA.) FRANKFURT: SN7) for interested investors.
The Company recently reported it had 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 gold & copper area, Sur Eureka.
Dr. Fabio Montanari has an international mining career for over twenty-five years, including senior experience spearheading advanced exploration and mining activities in Africa, South America, Europe, Canada and the United States for a host of internationally recognized exploration and mining companies including: Asarco (US), Golden Star (UK), ENI Group (Italy) and Normabec (CAN). Dr. Montanari has also been a geological consultant to the United Nations under the U.N. Technology Cooperation Schemes.
Q- Investorideas.com
Dr. Fabio Montanari, with your global experience in the mining community, investors would ask – why this location and this mine?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
When I arrived in Argentina in 1996, I reviewed more than 45 mining projects on behalf of a junior mining company from Canada. The junior company decided on pursuing the most promising of these projects but, after the BRE-X crisis of 1997, they were obliged to leave Argentina because it was impossible at that time to obtain funding. The projects then became free and I began to search for investors because I really believed in the properties. These properties were El Torno (gold) and Eureka (gold-copper).
Argentina is a wonderful country. I am Italian and more than 50% of the people here are of Italian origin, which makes it easier for me, but anyway, you can not change the location of a mine: I have evaluated many other projects around the world but I had not found one more promising than El Torno.
Q- Investorideas.com
And following our first question, the El Torno Project is a past producing gold mine. Can you give investors some of its history and what has transpired to take the company to its current status as a gold producer?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
The mine is very old. It was exploited by the Incas and Jesuits; the indigenous peoples knew of the gold in this area as it was easy to exploit.
More recently, the titleholder was crushing and concentrating the ore near the principal vein with a jaw crusher, a ball mill and a shaking table and was able to recover substantial amounts of gold.
When I started the project it seemed easy to raise funds for exploration so I did not attempt to immediately exploit. I am convinced that El Torno can be a world-class mine, and after the geochemical exploration results and the structural survey accomplished last year, it appears that we could be comparable in some ways to Cerro Vanguardia, the well known Anglo Ashanti gold mine in the south of Argentina.
After the crisis of 2008 it was difficult to raise funds for exploration, so I reached an agreement with the titleholder to exploit the eluvial part of the mine, which I am confident will be very inexpensive and productive. We intend to use part of the revenue generated from this surface mining to test the large-scale open-pit and underground targets that we have already identified. For example, the notes of the geological map of the province report that samples of the rock in the sides of the principal vein contain as high as 110 g/ton of gold. We will be testing the extent of this mineralization by geophysics, sampling and drilling.
Q- Investorideas.com
Can you tell investors what other mining companies (majors) are in the area for comparisons?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
Rio Doce Argentina (CRVD Brazil owned) with more than 5 mining concessions, Minera Aguilar (Xstrata owned) with at least 2 concessions, Cardero Resources, Yamana Gold and other very large companies are on our license border. However, our El Torno property is the only one in the area with an historic gold mine. Our impressive neighbors have licenses over huge areas but without old gold or copper mines. I think they are hoping we might leave our concessions. In fact, back in the 1990’s Penoles and Codelco started exploration on our properties but failed to reach an agreement with the titleholder before their initial results proved so successful. Trying to negotiate terms after their results were in proved impossible. Good thing for us. I learned from their mistake and managed to negotiate our exploration agreement up front.
Q- Investorideas.com
As you transition to gold producer some key factors to success moving forward would include infrastructure in the surrounding area in addition to corporate funding. Can you tell us what is in place for the company today and plans moving forward?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
We have a gravitational concentration plant in place and we recently restarted the plant to find it is in perfect condition ready to produce gold. We have a 6500 volt electricity line only 8 km from the actual plant and less than 5 km from the project; we have a river with perennial water at 200 meters from the plant and a big river, marking the border between Bolivia and Argentina 5 km to the north of our project.
Also, there is a vibrant long existing local gold trade allowing us to sell un-smelted gold directly from the eluvial project at very good rates. Everything we could need is right there. We are in Andes “gold country” after all. A bus line terminates at Santa Catalina Village only 11 km from the property. You can easily come to visit me on the project if you like.
Q- Investorideas.com
Based on the exploration work done to date, what is the potential for Soltera’s properties?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
The market does not respond much to geochemical prospecting, which is what I have been doing here for the past two years; but I have more than 20 years experience with this methodology and from what I have analyzed to date, the potential of the El Torno project is very big.
My short-term goal is to gain an immediate and self-sustaining source of revenue from the eluvial operation, but the real prize is in furthering exploration of the gold vein system as well as the large geochemical gold anomalies discovered last year. We are currently sourcing financing for this exploration work, but in the meantime we will have enough income to go it alone until funding is secured.
More info about Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
For disclosure purposes, Soltera is a showcase mining stock on Investorideas.com and compensates the company accordingly. See below)
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
Investor Protection and Regulation for Pinks sheets:
http://www.pinksheets.com/otcguide/investors_protection.jsp
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
________________________________________________
Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Point Roberts, WA - April 29, 2010 - www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com release a Q&A interview Dr. Fabio Montanari, President/COO of Soltera Mining Corp. (OTCPK:SLTA.) FRANKFURT: SN7) for interested investors.
The Company recently reported it had 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 gold & copper area, Sur Eureka.
Dr. Fabio Montanari has an international mining career for over twenty-five years, including senior experience spearheading advanced exploration and mining activities in Africa, South America, Europe, Canada and the United States for a host of internationally recognized exploration and mining companies including: Asarco (US), Golden Star (UK), ENI Group (Italy) and Normabec (CAN). Dr. Montanari has also been a geological consultant to the United Nations under the U.N. Technology Cooperation Schemes.
Q- Investorideas.com
Dr. Fabio Montanari, with your global experience in the mining community, investors would ask – why this location and this mine?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
When I arrived in Argentina in 1996, I reviewed more than 45 mining projects on behalf of a junior mining company from Canada. The junior company decided on pursuing the most promising of these projects but, after the BRE-X crisis of 1997, they were obliged to leave Argentina because it was impossible at that time to obtain funding. The projects then became free and I began to search for investors because I really believed in the properties. These properties were El Torno (gold) and Eureka (gold-copper).
Argentina is a wonderful country. I am Italian and more than 50% of the people here are of Italian origin, which makes it easier for me, but anyway, you can not change the location of a mine: I have evaluated many other projects around the world but I had not found one more promising than El Torno.
Q- Investorideas.com
And following our first question, the El Torno Project is a past producing gold mine. Can you give investors some of its history and what has transpired to take the company to its current status as a gold producer?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
The mine is very old. It was exploited by the Incas and Jesuits; the indigenous peoples knew of the gold in this area as it was easy to exploit.
More recently, the titleholder was crushing and concentrating the ore near the principal vein with a jaw crusher, a ball mill and a shaking table and was able to recover substantial amounts of gold.
When I started the project it seemed easy to raise funds for exploration so I did not attempt to immediately exploit. I am convinced that El Torno can be a world-class mine, and after the geochemical exploration results and the structural survey accomplished last year, it appears that we could be comparable in some ways to Cerro Vanguardia, the well known Anglo Ashanti gold mine in the south of Argentina.
After the crisis of 2008 it was difficult to raise funds for exploration, so I reached an agreement with the titleholder to exploit the eluvial part of the mine, which I am confident will be very inexpensive and productive. We intend to use part of the revenue generated from this surface mining to test the large-scale open-pit and underground targets that we have already identified. For example, the notes of the geological map of the province report that samples of the rock in the sides of the principal vein contain as high as 110 g/ton of gold. We will be testing the extent of this mineralization by geophysics, sampling and drilling.
Q- Investorideas.com
Can you tell investors what other mining companies (majors) are in the area for comparisons?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
Rio Doce Argentina (CRVD Brazil owned) with more than 5 mining concessions, Minera Aguilar (Xstrata owned) with at least 2 concessions, Cardero Resources, Yamana Gold and other very large companies are on our license border. However, our El Torno property is the only one in the area with an historic gold mine. Our impressive neighbors have licenses over huge areas but without old gold or copper mines. I think they are hoping we might leave our concessions. In fact, back in the 1990’s Penoles and Codelco started exploration on our properties but failed to reach an agreement with the titleholder before their initial results proved so successful. Trying to negotiate terms after their results were in proved impossible. Good thing for us. I learned from their mistake and managed to negotiate our exploration agreement up front.
Q- Investorideas.com
As you transition to gold producer some key factors to success moving forward would include infrastructure in the surrounding area in addition to corporate funding. Can you tell us what is in place for the company today and plans moving forward?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
We have a gravitational concentration plant in place and we recently restarted the plant to find it is in perfect condition ready to produce gold. We have a 6500 volt electricity line only 8 km from the actual plant and less than 5 km from the project; we have a river with perennial water at 200 meters from the plant and a big river, marking the border between Bolivia and Argentina 5 km to the north of our project.
Also, there is a vibrant long existing local gold trade allowing us to sell un-smelted gold directly from the eluvial project at very good rates. Everything we could need is right there. We are in Andes “gold country” after all. A bus line terminates at Santa Catalina Village only 11 km from the property. You can easily come to visit me on the project if you like.
Q- Investorideas.com
Based on the exploration work done to date, what is the potential for Soltera’s properties?
A- Dr. Fabio Montanari, President/COO of Soltera Mining Corp
The market does not respond much to geochemical prospecting, which is what I have been doing here for the past two years; but I have more than 20 years experience with this methodology and from what I have analyzed to date, the potential of the El Torno project is very big.
My short-term goal is to gain an immediate and self-sustaining source of revenue from the eluvial operation, but the real prize is in furthering exploration of the gold vein system as well as the large geochemical gold anomalies discovered last year. We are currently sourcing financing for this exploration work, but in the meantime we will have enough income to go it alone until funding is secured.
More info about Showcase Gold Mining Stock Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.
For disclosure purposes, Soltera is a showcase mining stock on Investorideas.com and compensates the company accordingly. See below)
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
Investor Protection and Regulation for Pinks sheets:
http://www.pinksheets.com/otcguide/investors_protection.jsp
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
________________________________________________
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
Wednesday, April 28, 2010
Gold Stock Profile for Tao Minerals Ltd. (OTCBB: TAON) at Investorideas.com
Gold Stock Profile for Tao Minerals Ltd. (OTCBB: TAON) at Investorideas.com
Tao Minerals focuses on Gold Exploration in Columbia
Point Roberts WA, April 28, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com announce the new profile for showcase gold stock Tao Minerals Ltd. (OTCBB: TAON).
Showcase Gold Mining Stock Tao Minerals Ltd. (OTCBB: TAON)
Tao Minerals Ltd. (OTCBB: TAON) is a junior exploration company based in Medellin, Colombia. Tao is successfully positioning itself as a leader in gold exploration in Colombia through key acquisitions of properties with exceptional potential for low extraction cost deposits. Tao's focus in calendar 2010 is on the upgrading and initiation of operations of its El Colmillo mine, which offers the potential to quickly provide a strong revenue stream, able to fund exploration activities on the estimated high grade gold deposit of its Golondrina property and finance additional acquisitions, while greatly enhancing shareholder value.
From the Profile :
http://www.investorideas.com/CO/TAON/
The Opportunity:
Colombia, for many years was a diamond in the rough, with known mineral reserves, oil and gas and coal has in recent years become the focus of the world in Latin America. Jumping a massive 42 positions in international ranking in three short years has brought foreign investment and tourism to the country for the first time in decades. A focus of President Alvaro Uribe, now in his second term, was to bring the world's attention to Latin America and especially Colombia. He has been publicly recognized as a supporter of the US war on drugs by continually implementing the anti-drug strategy of Plan Colombia, which infiltrates and shuts down the funding of guerilla terrorists. He is recognized as a supporter of the US war on terror. As well as the implementation of free trade agreements with the U.S and recently Canada, while maintaining generally positive diplomatic relations with Spain and most Latin American nations. These several points have all contributed to Colombia once being a considered a third world country to a new destination both for foreign investment and travelers in the international eye.
Mining Accounts for 20% of Colombian Exports, Rich in gold, silver, nickel copper and coal. Mining companies exported over $5.7 billion USD in 2007 .Having a GDP of $182 billion USD, an economy the size of Belgium's, and despite a worldwide recession, The IMF has predicted a 5% growth in 2010. Strong fundamentals encase the country, receiving growing attention from global investors. Foreign investment was up 373% between 2000-2007 despite a fluctuating and receding world economy. In recent years companies such as B2Gold Corp and Greystar Resources have had much success in past years, B2gold has extracted over 306 million tons of ore.
In 2009, demand for gold remained above the $US100 billion mark for the second year in succession against the backdrop of continued turbulence in financial and commodity markets. This resilience in demand was achieved in the context of average gold prices 12% higher than those in 2008, at $US972.35/oz. Investment demand for gold remained very strong in the second quarter of 2009, rising 46% on year earlier levels as investors continued a flight to quality. China's demand for gold will double in 10 years, making the country the world's second largest consumer of gold after India, the World Gold Council (WGC) has said. In 2009, gold consumption in China reached 462 tons, which was worth more than $14 billion, or 11 per cent of global demand. India is the largest consumer of gold in the world. Gold is a major vehicle of saving for large number of low and mid income households in rural and urban areas, out weighing china in 2009 by almost 20%. The gold industry in India employs about half a million people with a turnover more than US $20 billion. Almost all of India's gold demand is met by imports
The Properties:
The claim concession covers an area of over 296 hectares. Upon testing, two main veins consisting of milky white quartz have been found. The first apt fully named El Colmillo has a vein with a thickness between 0.20M and 3.2M with a distance of 300m with potential to extend for an additional 1.2 km from recognized faults and testing. The next vein named La Muela is located approximately 600 m to the west of El Colmillo. With a vein thickness of 0.1mand 0.5m the La Muela vein is of recognizable size as well. There are also other unnamed, but recognized veins on the property.
If only the two main veins El Colmilla and La Muela are considered, with both having regional continuity, assuming a grade average of 10/g/T gold and a down-dip continuation of mineralization for 300 m, the total gold content (assuming a grade average of 10 gr/ton) and normal disseminated wall rock mineralization, it is estimated that approximately 900,000 ounces of gold could be produced from. Current gross value of that ore is estimated to be $810 million at a gold value of $900US per ounce. No value has been placed on additional revenue from any additional commodities contained in the ore. The gross value can be increased significantly by the probability of the existence of additional sub parallel veins, as well as by continuity of all mineralized structures along strike both to the north and south of the known workings.
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/TAON/
Visit the company website at: http://www.taominerals.com/
Request news and stock alerts from Tao Minerals Ltd. (OTCBB: TAON)
http://www.investorideas.com/Resources/Newsletter.asp
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Investorideas.com mining stocks directory (http://www.investorideas.com/Gold_Stocks/Stocks_List.asp) currently features over 1000 mining stocks for investors to research. The directory is also updated monthly as we add new companies in the sector.
Learn more about becoming a Mining Stock Featured Company.
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Become an InvestorIdeas.com member and access all of our stock directories by login. -Learn more: http://www.investorideas.com/membership/
Join our Campaign for 2010- One million members stronger…
Disclaimer: The following Tao Minerals Ltd company profile news is a paid for submission, as a showcase company on Investorideas.com. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and or its IR department and is not the opinion of Investorideas. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact Tao Minerals Ltd
Investor Relations:
1-877-331-8777
info@taominerals.com
For Additional Information about Investorideas.com mining portals:
C Van Zant:– cvanzant@investorideas.com
Source – Investorideas.com
_____________________________________________
Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Tao Minerals focuses on Gold Exploration in Columbia
Point Roberts WA, April 28, 2010 – (Investorideas.com Mining stocks Newswire) www.InvestorIdeas.com and its leading mining investor portals, www.Gold-MiningStocks.com and www.MiningSectorStocks.com announce the new profile for showcase gold stock Tao Minerals Ltd. (OTCBB: TAON).
Showcase Gold Mining Stock Tao Minerals Ltd. (OTCBB: TAON)
Tao Minerals Ltd. (OTCBB: TAON) is a junior exploration company based in Medellin, Colombia. Tao is successfully positioning itself as a leader in gold exploration in Colombia through key acquisitions of properties with exceptional potential for low extraction cost deposits. Tao's focus in calendar 2010 is on the upgrading and initiation of operations of its El Colmillo mine, which offers the potential to quickly provide a strong revenue stream, able to fund exploration activities on the estimated high grade gold deposit of its Golondrina property and finance additional acquisitions, while greatly enhancing shareholder value.
From the Profile :
http://www.investorideas.com/CO/TAON/
The Opportunity:
Colombia, for many years was a diamond in the rough, with known mineral reserves, oil and gas and coal has in recent years become the focus of the world in Latin America. Jumping a massive 42 positions in international ranking in three short years has brought foreign investment and tourism to the country for the first time in decades. A focus of President Alvaro Uribe, now in his second term, was to bring the world's attention to Latin America and especially Colombia. He has been publicly recognized as a supporter of the US war on drugs by continually implementing the anti-drug strategy of Plan Colombia, which infiltrates and shuts down the funding of guerilla terrorists. He is recognized as a supporter of the US war on terror. As well as the implementation of free trade agreements with the U.S and recently Canada, while maintaining generally positive diplomatic relations with Spain and most Latin American nations. These several points have all contributed to Colombia once being a considered a third world country to a new destination both for foreign investment and travelers in the international eye.
Mining Accounts for 20% of Colombian Exports, Rich in gold, silver, nickel copper and coal. Mining companies exported over $5.7 billion USD in 2007 .Having a GDP of $182 billion USD, an economy the size of Belgium's, and despite a worldwide recession, The IMF has predicted a 5% growth in 2010. Strong fundamentals encase the country, receiving growing attention from global investors. Foreign investment was up 373% between 2000-2007 despite a fluctuating and receding world economy. In recent years companies such as B2Gold Corp and Greystar Resources have had much success in past years, B2gold has extracted over 306 million tons of ore.
In 2009, demand for gold remained above the $US100 billion mark for the second year in succession against the backdrop of continued turbulence in financial and commodity markets. This resilience in demand was achieved in the context of average gold prices 12% higher than those in 2008, at $US972.35/oz. Investment demand for gold remained very strong in the second quarter of 2009, rising 46% on year earlier levels as investors continued a flight to quality. China's demand for gold will double in 10 years, making the country the world's second largest consumer of gold after India, the World Gold Council (WGC) has said. In 2009, gold consumption in China reached 462 tons, which was worth more than $14 billion, or 11 per cent of global demand. India is the largest consumer of gold in the world. Gold is a major vehicle of saving for large number of low and mid income households in rural and urban areas, out weighing china in 2009 by almost 20%. The gold industry in India employs about half a million people with a turnover more than US $20 billion. Almost all of India's gold demand is met by imports
The Properties:
The claim concession covers an area of over 296 hectares. Upon testing, two main veins consisting of milky white quartz have been found. The first apt fully named El Colmillo has a vein with a thickness between 0.20M and 3.2M with a distance of 300m with potential to extend for an additional 1.2 km from recognized faults and testing. The next vein named La Muela is located approximately 600 m to the west of El Colmillo. With a vein thickness of 0.1mand 0.5m the La Muela vein is of recognizable size as well. There are also other unnamed, but recognized veins on the property.
If only the two main veins El Colmilla and La Muela are considered, with both having regional continuity, assuming a grade average of 10/g/T gold and a down-dip continuation of mineralization for 300 m, the total gold content (assuming a grade average of 10 gr/ton) and normal disseminated wall rock mineralization, it is estimated that approximately 900,000 ounces of gold could be produced from. Current gross value of that ore is estimated to be $810 million at a gold value of $900US per ounce. No value has been placed on additional revenue from any additional commodities contained in the ore. The gross value can be increased significantly by the probability of the existence of additional sub parallel veins, as well as by continuity of all mineralized structures along strike both to the north and south of the known workings.
Visit the full company profile at Investorideas.com: http://www.investorideas.com/CO/TAON/
Visit the company website at: http://www.taominerals.com/
Request news and stock alerts from Tao Minerals Ltd. (OTCBB: TAON)
http://www.investorideas.com/Resources/Newsletter.asp
About our Mining Portals:
www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com® content umbrella, feature industry and stock news, exclusive articles and financial columnists, audio interviews and podcasts, investor conferences, blogs, and a directory of stocks in the sector.
Investorideas.com mining stocks directory (http://www.investorideas.com/Gold_Stocks/Stocks_List.asp) currently features over 1000 mining stocks for investors to research. The directory is also updated monthly as we add new companies in the sector.
Learn more about becoming a Mining Stock Featured Company.
http://www.investorideas.com/Investors/Mining_Stocks_Investor_Awareness.asp
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Become an InvestorIdeas.com member and access all of our stock directories by login. -Learn more: http://www.investorideas.com/membership/
Join our Campaign for 2010- One million members stronger…
Disclaimer: The following Tao Minerals Ltd company profile news is a paid for submission, as a showcase company on Investorideas.com. Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and or its IR department and is not the opinion of Investorideas. This site is currently compensated by featured companies, news submissions, company profile submissions and online advertising.
Disclaimer/Disclosure: http://www.investorideas.com/About/Disclaimer.asp
Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact Tao Minerals Ltd
Investor Relations:
1-877-331-8777
info@taominerals.com
For Additional Information about Investorideas.com mining portals:
C Van Zant:– cvanzant@investorideas.com
Source – Investorideas.com
_____________________________________________
Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1000publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp
Investorideas.com - Barrick (NYSE:ABX; TSX:ABX) Reports Q1 2010 Financial and Operating Results
Investorideas.com - Barrick (NYSE:ABX; TSX:ABX) Reports Q1 2010 Financial and Operating Results
April 28, 2010 (Investorideas.com Mining stocks newswire)
FIRST QUARTER REPORT 2010
Based on US GAAP and expressed in US dollars
Highlights
Reported Q1 net income was a record $758 million ($0.77 per share). Adjusted Q1 net income rose 149% to $741 million ($0.75 per share)(1) from $298 million ($0.34 per share) in Q1 2009, reflecting higher production and sales in conjunction with lower total cash costs and higher realized prices for both gold and copper. Operating cash flow more than tripled to a record $1.05 billion from $349 million in the same prior year period.
Q1 gold production was up 19% to 2.08 million ounces at total cash costs of $442 per ounce or net cash costs of $342 per ounce(1), which were $42 per ounce and $62 per ounce below prior year period total cash costs and net cash costs, respectively. The Company is on track with its guidance to increase production in 2010 to 7.6-8.0 million ounces at lower total cash costs of $425-$455 per ounce or net cash costs of $345-$375 per ounce(2).
The Cortez Hills project was completed during the quarter on time and budget and contributed strongly to Q1 results. The entire Cortez property continues to be on track to achieve its original production guidance of 1.08-1.12 million ounces of gold in 2010 at total cash costs of $295-$315 per ounce. In mid-April, the U.S. District Court issued a decision allowing mining to continue at Cortez Hills (subject to certain restrictions on ore transportation and dewatering) pending completion of a Supplemental Environmental Impact Statement. The Company anticipates a Record of Decision will be issued by the Bureau of Land Management by year-end, at which point it is expected that the operation will revert to its original scope.
Construction of the Pueblo Viejo and Pascua-Lama projects is on schedule and expected to be in line with their respective pre-production capital budgets. At full capacity and combined with Cortez Hills, these projects are forecast to contribute about 2.4 million ounces(3) of annual production at low cash costs.
Barrick completed its acquisition of an additional 25% interest in the Cerro Casale project in Chile during the quarter for consideration of approximately $474 million and now owns a 75% interest in and has control of one of the world's largest undeveloped gold-copper deposits.
The initial public offering for African Barrick Gold plc ("ABG"), which holds Barrick's previously held African gold mining operations and exploration properties, closed in March and the shares of ABG were admitted to trading on the London Stock Exchange's main market for listed securities. Total net proceeds of the offering were $882 million. Barrick currently holds an approximate 74% interest in ABG.
Barrick continues to maintain a strong financial position and the industry's only 'A' credit rating with quarter-end cash of $3.5 billion, an undrawn credit facility of $1.5 billion, robust operating cash flow and excellent access to debt markets.
Q1 production of 2.08 million ounces of gold was 19% higher at total cash costs of $442 per ounce which were 9% or $42 per ounce lower than the same prior year period, primarily due to strong performances from Lagunas Norte, Veladero and Cortez Hills. Net cash costs of $342 per ounce were 15% or $62 per ounce below the prior year period. The realized gold price for the quarter was $1,114 per ounce(4), $5 per ounce above the average spot price of $1,109 per ounce. Cash margins increased to 60% or $672 per ounce(4) from 47% or $431 per ounce in Q1 2009. Net cash margins increased to 69% or $772 per ounce(4) from 56% or $511 per ounce in the same prior year period.
Q1 adjusted net income rose 149% to $741 million ($0.75 per share), reflecting higher production and sales in conjunction with lower total cash costs and higher realized prices for both gold and copper, compared to adjusted net income of $298 million ($0.34 per share) in Q1 2009. Reported Q1 net income of $758 million ($0.77 per share) before net adjustments of $17 million was a Company record. Q1 operating cash flow more than tripled to a record $1.05 billion compared to $0.35 billion in the same period a year ago.
"We had a good start to the year with our operations performing well, and when combined with higher metal prices, the result was record earnings and operating cash flow for the quarter," said Aaron Regent, Barrick's President and CEO. "We are particularly pleased with the performance of our Cortez property. The Cortez Hills project was completed on time and budget, and the recent decision of the District Court in Nevada will allow it to continue operating. Cortez Hills is an impressive deposit and in 2010 the Cortez property will produce about 1.1 million ounces of gold at total cash costs of about $300 per ounce. We are also on track with the development of the other projects in our pipeline."
full news -http://www.investorideas.com/news/mining/4282.asp
April 28, 2010 (Investorideas.com Mining stocks newswire)
FIRST QUARTER REPORT 2010
Based on US GAAP and expressed in US dollars
Highlights
Reported Q1 net income was a record $758 million ($0.77 per share). Adjusted Q1 net income rose 149% to $741 million ($0.75 per share)(1) from $298 million ($0.34 per share) in Q1 2009, reflecting higher production and sales in conjunction with lower total cash costs and higher realized prices for both gold and copper. Operating cash flow more than tripled to a record $1.05 billion from $349 million in the same prior year period.
Q1 gold production was up 19% to 2.08 million ounces at total cash costs of $442 per ounce or net cash costs of $342 per ounce(1), which were $42 per ounce and $62 per ounce below prior year period total cash costs and net cash costs, respectively. The Company is on track with its guidance to increase production in 2010 to 7.6-8.0 million ounces at lower total cash costs of $425-$455 per ounce or net cash costs of $345-$375 per ounce(2).
The Cortez Hills project was completed during the quarter on time and budget and contributed strongly to Q1 results. The entire Cortez property continues to be on track to achieve its original production guidance of 1.08-1.12 million ounces of gold in 2010 at total cash costs of $295-$315 per ounce. In mid-April, the U.S. District Court issued a decision allowing mining to continue at Cortez Hills (subject to certain restrictions on ore transportation and dewatering) pending completion of a Supplemental Environmental Impact Statement. The Company anticipates a Record of Decision will be issued by the Bureau of Land Management by year-end, at which point it is expected that the operation will revert to its original scope.
Construction of the Pueblo Viejo and Pascua-Lama projects is on schedule and expected to be in line with their respective pre-production capital budgets. At full capacity and combined with Cortez Hills, these projects are forecast to contribute about 2.4 million ounces(3) of annual production at low cash costs.
Barrick completed its acquisition of an additional 25% interest in the Cerro Casale project in Chile during the quarter for consideration of approximately $474 million and now owns a 75% interest in and has control of one of the world's largest undeveloped gold-copper deposits.
The initial public offering for African Barrick Gold plc ("ABG"), which holds Barrick's previously held African gold mining operations and exploration properties, closed in March and the shares of ABG were admitted to trading on the London Stock Exchange's main market for listed securities. Total net proceeds of the offering were $882 million. Barrick currently holds an approximate 74% interest in ABG.
Barrick continues to maintain a strong financial position and the industry's only 'A' credit rating with quarter-end cash of $3.5 billion, an undrawn credit facility of $1.5 billion, robust operating cash flow and excellent access to debt markets.
Q1 production of 2.08 million ounces of gold was 19% higher at total cash costs of $442 per ounce which were 9% or $42 per ounce lower than the same prior year period, primarily due to strong performances from Lagunas Norte, Veladero and Cortez Hills. Net cash costs of $342 per ounce were 15% or $62 per ounce below the prior year period. The realized gold price for the quarter was $1,114 per ounce(4), $5 per ounce above the average spot price of $1,109 per ounce. Cash margins increased to 60% or $672 per ounce(4) from 47% or $431 per ounce in Q1 2009. Net cash margins increased to 69% or $772 per ounce(4) from 56% or $511 per ounce in the same prior year period.
Q1 adjusted net income rose 149% to $741 million ($0.75 per share), reflecting higher production and sales in conjunction with lower total cash costs and higher realized prices for both gold and copper, compared to adjusted net income of $298 million ($0.34 per share) in Q1 2009. Reported Q1 net income of $758 million ($0.77 per share) before net adjustments of $17 million was a Company record. Q1 operating cash flow more than tripled to a record $1.05 billion compared to $0.35 billion in the same period a year ago.
"We had a good start to the year with our operations performing well, and when combined with higher metal prices, the result was record earnings and operating cash flow for the quarter," said Aaron Regent, Barrick's President and CEO. "We are particularly pleased with the performance of our Cortez property. The Cortez Hills project was completed on time and budget, and the recent decision of the District Court in Nevada will allow it to continue operating. Cortez Hills is an impressive deposit and in 2010 the Cortez property will produce about 1.1 million ounces of gold at total cash costs of about $300 per ounce. We are also on track with the development of the other projects in our pipeline."
full news -http://www.investorideas.com/news/mining/4282.asp
Subscribe to:
Posts (Atom)