Investorideas.com - Mining Stocks; YALE (TSX-V: YLL) ANNOUNCES DRILLING HAS STARTED AT GUADALUPE
October 12, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to announce a 2,500 metre drill program has started on the wholly owned Guadalupe property, located in the heart of the Fresnillo district, on behalf of and funded by our partner Gold American Mining Inc.
The first drill hole is targeting the down dip extension of the San Antonio vein, the southern-most vein on the property, and is currently at a depth of 260 meters. The San Antonio Mine shaft is approximately 270 metres deep. Historic maps and sections show that there are actually two sub-parallel veins – the Esperanza Vein and the San Antonio Vein – however the Esperanza Vein does not appear to outcrop on surface. The planned target depth for the first hole is 500 meters and is expected to cut the veins below the level of the historic workings.
Drilling is being done by Techmin S.A. de C.V. – a drilling contractor located in the Fresnillo area and has unparalleled experience in the area as they have done a majority of the drilling for Fresnillo, plc and have also worked for Fresnillo, plc and Mag Silver at the Juanacipio Joint Venture, located only 11 km from the Guadalupe Property, where they drilled holes to a depth of greater than 900 metres.
"This drill program is an important step in Yale's 'project generator' business model as this is the first of our projects to be drilled by one of our partners", stated Ian Foreman, president of Yale.
About the Guadalupe Property:
The 282.84 hectare Guadalupe Property is located approximately 4 kilometres north of the city of Fresnillo, Zacatecas State, Mexico. The property is approximately 8 kilometres north of the Fresnillo (Proaño) Mine, the world's richest underground silver mine operated by Fresnillo plc. The property is also approximately 11 kilometres northeast of the Juanicipio Joint Venture between MAG Silver Corp. and Fresnillo plc.
The Property contains greater than 20 known workings as well as two historic mines –Santa Rita and San Antonio. Historic records containing references to the Santa Rita and San Antonio mines suggest that both mines were important and reached their height of production between 1910 and 1920 but were last in production in the 1980's.
Highlight results from the first phase exploration program were (see news release dated May 13, 2010):
1.00 g/t Au and 946.9 g/t Ag over 1.1m
including 1.83 g/t Au and 1,800.0 g/t Ag over 0.5 m
0.30 g/t Au and 622.0 g/t Ag from a mineralized dump
0.59 g/t Au and 330.0 g/t Ag over 0.7 m
5.35 g/t Au and 1,189.0 g/t Ag from a mineralized dump
About Yale Resources:
Yale Resources is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non-optioned properties as well as reviewing new projects with a focus on gold.
Samples from the Guadalupe property were prepared and analyzed by Stewart Labs in their facilities in Mexico and Kamloops, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Guadalupe property. The Guadalupe property is an early stage project with no reported resources that requires additional sampling and geological mapping to fully determine the project's potential.
On behalf of the Board,
"Ian Foreman"Ian Foreman, P.Geo.President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
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Tuesday, October 12, 2010
Monday, October 11, 2010
Oil and Gas Stocks to Watch; (OTCBB: AAPH), (OTCQB: USOG), (NYSE:CVX), (NYSE:NOV)
Oil and Gas Stocks to Watch; (OTCBB: AAPH), (OTCQB: USOG), (NYSE:CVX), (NYSE:NOV)
Point Roberts, WA – October 11, 2010 (Investorideas.com Energy Newswire) - InvestorIdeas.com, a leader in sector research , reports on Oil and Gas Stocks news and trading activity for the morning of October 11th for interested energy investors. Stocks see early morning gains anticipating U.S. Federal Reserve action and oil prices are down slightly.
Oil and Gas Stocks include American Petro-hunter Inc (OTCBB: AAPH), United States Oil & Gas Corp (OTCQB: USOG), Chevron Corp (NYSE:CVX), and National Oilwell Varco, Inc (NYSE:NOV)
Sector Snapshot: (Trading at time or release)
American Petro-hunter Inc (OTCBB: AAPH) trading at $0.32
United States Oil & Gas Corp (OTCQB: USOG) trading at $0.0028,up 0.0004 (16.67%)
Chevron Corp (NYSE:CVX), trading at $83.82. down 0.12 (0.14%)
National Oilwell Varco, Inc (NYSE:NOV) trading at $46.83, up 0.22 (0.47%)
Market Snapshot: (at time of release)
Dow 11,012.53 +6.05 +0.05%
Nasdaq 2,403.72 +1.81 +0.08%
S&P 500 1,165.41 +0.26 +0.02%
10 Yr Bond(%) 2.3810% 0.0000
Oil 82.35 -0.31 -0.38%
Gold 1,344.00 -0.20 -0.01%
Oil and Gas Stocks to Watch News
American Petro-hunter Inc (OTCBB: AAPH) Key Highlights and Recent Press
Releases
Latest News:
October 11th:
American Petro-Hunter Receives Independent Research Report From Grass Roots Research and Distribution, Inc.
October 4th
American Petro-Hunter Prepares NOJ26 for Commercial Oil Production at North Oklahoma Project
American Petro-hunter Inc. OTCBB: AAPH) is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets.
Website: http://www.aaphreport.com/
Visit the AAPH showcase profile on Investorideas.com to learn more:
American Petro-Hunter Inc., Key Highlights
-AAPH has acquired working interests in quality oil and gas projects currently focusing on gas in California and oil in Kansas
-AAPH has drilled a successful commercial well on its first endeavor in Kansas
-AAPH has aligned itself with prudent, experienced and effective oil and gas professionals as project operators.
-AAPH bases its acquisitions on a mix of acceptable risk, high reward and short payback in historically successful and productive regions.
-AAPH plans to "grow by the drill bit" in "our back yard" as we believe the US Domestic oil and gas market will continue to grow in the face of alternative energy which is deemed to be years from maturity.
-AAPH has the stated aim of becoming a 500 BOE producer within 18 months.
-AAPH plans to invest in projects with manageable participation expenditures so as to minimize share dilution.
-AAPH strives to build stakeholder value by prudent management that integrates a "shareholder first" philosophy.
-AAPH will be open, honest and transparent on all projects so as to ensure stakeholders receive accurate, up-to-date project information on a consistent basis
-AAPH will be a good corporate citizen, ensuring our operations meet or exceed all regulatory standards for the environment
-AAPH plans to continue the "hunt for petroleum" as it believes the answer to our reliance on foreign energy is "right next door."
United States Oil & Gas Corp (OTCQB: USOG)
Recent News: “United States Oil and Gas Corp is pleased to announce that as a result of its registration statement with the SEC becoming effective and remaining current in its required filings, its common shares are now trading on the OTC market for U.S. registered companies. The Company's ticker symbol, USOG, remains the same.”
About United States Oil & Gas Corp (OTCQB: USOG): United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Our subsidiary, Turnbull, which had revenues of $14 million in 2009, was founded in 1965. We own all of the facilities and equipment used at our locations in Plainville , Utica , and Palco , Kansas Bottineau , North Dakota
Chevron Corp (NYSE:CVX)
About Chevron Corp (NYSE:CVX): Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. The company’s success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future; including bio-fuels. Chevron is based in San Ramon , Calif.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing, covering leading industry sectors including mining and gold stocks, in addition to global markets including China , India , the Middle East and Australia
About our Oil and Gas portal:
http://www.oilandgasstocksnews.com/ is a global meeting place for investors and industry following the energy sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our oil and gas and natural gas stock directories.
Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf of showcase energy stock AAPH (three thousand per month). Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
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For info on American Petro-hunter Inc (OTCBB: AAPH) contact the company IR directly.
For info on Investorideas.com
Contact:
C Van Zant: 800-665-0411 - cvanzant@investorideas.com
Source - Investorideas.com
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Sunday, October 10, 2010
Oil and Gas Stocks Trading Alert for (OTCBB: AAPH), (OTCQB: USOG), (NYSE:CVX), (NYSE:NOV)
Oil and Gas Stocks Trading Alert for (OTCBB: AAPH), (OTCQB: USOG), (NYSE:CVX), (NYSE:NOV)
Point Roberts, WA – October 10, 2010 (Investorideas.com Energy Newswire) - InvestorIdeas.com, leader in sector research for investors, reports on Oil and Gas Stocks news and trading for Friday’s close for energy investors.
Oil and Gas Stocks include American Petro-hunter Inc (OTCBB: AAPH), United States Oil & Gas Corp (OTCQB: USOG), Chevron Corp (NYSE:CVX), and National Oilwell Varco, Inc (NYSE:NOV)
Sector Snapshot: (as of close Oct 8th)
American Petro-hunter Inc (OTCBB: AAPH) trading at $0.32
Market Snapshot:
Crude Oil Nov 10 83.13 +0.47 Crude Oil Nov 10
1d5d3m6m1y2y5ymax
Gold Oct 10 1,346.70 +3.80 Gold Oct 10
1d5d3m6m1y2y5ymax
Natural Gas Nov 10 3.64 -0.01 Natural Gas Nov 10
1d5d3m6m1y2y5ymax
RBOB Gasoline Nov 10 2.16 +0.01
Oil and Gas Stocks to Watch News
American Petro-hunter Inc (OTCBB: AAPH) Key Highlights and Recent Press
Latest News: October 4th
American Petro-Hunter Prepares NOJ26 for Commercial Oil Production at North Oklahoma Project
“American Petro-Hunter, Inc. is pleased to advise that the previously announced plans for completion of the NOJ26 well at the North Oklahoma Oil Project have commenced. Operations are now underway in order to prepare the well for commercial production. This includes the purchase of a pumping unit and tank battery which are currently undergoing installation at the well site.
Based on an assessment of the well and analysis of the oil shows, the partners have concluded to commence the completion program by first addressing the lower of the two 40 foot pay zones. The oil shale will be perforated, acidized and subsequently put on pump. The completion efforts will culminate in swab and flow testing of the oil bearing shale formation to determine what the zone can and will deliver on a BPD (barrel per day) basis. The Company is confident that based on strong oil shows and subject to fracture stimulation in the shale, the lower pay zone will produce at rates in excess of the No. 1 well which tested at 80 BPD under similar conditions. The upper pay zone directly above the shale at NOJ26 exhibited excellent oil shows and log responses and will be put into production following a period of evaluation in order to maximize the response from the shale..”
American Petro-hunter Inc. is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets.
Website: http://www.aaphreport.com/
Visit the AAPH showcase profile on Investorideas.com to learn more:
American Petro-Hunter Inc., Key Highlights
-AAPH has acquired working interests in quality oil and gas projects currently focusing on gas in California and oil in Kansas
-AAPH has drilled a successful commercial well on its first endeavor in Kansas
-AAPH has aligned itself with prudent, experienced and effective oil and gas professionals as project operators.
-AAPH bases its acquisitions on a mix of acceptable risk, high reward and short payback in historically successful and productive regions.
-AAPH plans to "grow by the drill bit" in "our back yard" as we believe the US Domestic oil and gas market will continue to grow in the face of alternative energy which is deemed to be years from maturity.
-AAPH has the stated aim of becoming a 500 BOE producer within 18 months.
-AAPH plans to invest in projects with manageable participation expenditures so as to minimize share dilution.
-AAPH strives to build stakeholder value by prudent management that integrates a "shareholder first" philosophy.
-AAPH will be open, honest and transparent on all projects so as to ensure stakeholders receive accurate, up-to-date project information on a consistent basis
-AAPH will be a good corporate citizen, ensuring our operations meet or exceed all regulatory standards for the environment
-AAPH plans to continue the "hunt for petroleum" as it believes the answer to our reliance on foreign energy is "right next door."
United States Oil & Gas Corp (OTCQB: USOG)
Recent News: “United States Oil and Gas Corp is pleased to announce that as a result of its registration statement with the SEC becoming effective and remaining current in its required filings, its common shares are now trading on the OTC market for U.S. registered companies. The Company's ticker symbol, USOG, remains the same.”
About United States Oil & Gas Corp (OTCQB: USOG): United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Our subsidiary, Turnbull, which had revenues of $14 million in 2009, was founded in 1965. We own all of the facilities and equipment used at our locations in Plainville , Utica , and Palco , Kansas Bottineau , North Dakota
Chevron Corp (NYSE:CVX)
About Chevron Corp (NYSE:CVX): Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. The company’s success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future; including bio-fuels. Chevron is based in San Ramon , Calif.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing, covering leading industry sectors including mining and gold stocks, in addition to global markets
including China , India , the Middle East and Australia
About our Oil and Gas portal:
http://www.oilandgasstocksnews.com/ is a global meeting place for investors and industry following the energy sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our oil and gas and natural gas stock directories.
Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf of showcase energy stock AAPH (three thousand per month). Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
For info on American Petro-hunter Inc (OTCBB: AAPH) contact the company IR directly.
For info on Investorideas.com
Contact:
C Van Zant: 800-665-0411 - cvanzant@investorideas.com
Source - Investorideas.com
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog: Visit Investorideas.com leading mining portals - www.gold-miningstocks.com and www.miningsectorstocks.com to get stock news, directories and showcase mining stocks to follow. Gold and mining investors can research stocks with the mining stocks directory, featuring Gold Stocks, Silver Stocks, Uranium Stocks, Copper Stocks, Zinc Stocks and Precious Metals TSX, TSX Venture, OTC, NASDAQ, AMEX, NYSE, ASX, AIM and other leading Stock Exchanges. The investorideas.com mining stock directory lists over 1100 publicly traded mining stocks for investors. Preview the directory here : http://www.investorideas.com/Gold_Stocks/Stocks_List.asp Mining stocks - become a showcase mining stock at www.investorideas.com and see your news and online traction grow immediately for as little as $500 month !
Wednesday, October 06, 2010
Gold Stocks; Sutter Gold (TSX VENTURE:SGM) Advances Closer to Production-Receives Agency Approval of Construction Documents for Mine Waste Disposal Units
Gold Stocks; Sutter Gold (TSX VENTURE:SGM) Advances Closer to Production-Receives Agency Approval of Construction Documents for Mine Waste Disposal Units
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog ) - Oct. 6, 2010) - Sutter Gold Mining Inc. (TSX VENTURE:SGM) ("Sutter" or the "Company") is pleased to announce that the Company has received regulatory approval of construction documents for two mining waste disposal units, key approvals required to develop and operate at the Company's Lincoln Project (the "Project") located in the historic Mother Lode Gold Belt of Amador County, California.
Regulatory Approval of Mining Waste Unit Construction Documents
As part of the Company's ongoing mine permitting and permit compliance initiatives, Sutter recently received approval from the California Regional Water Quality Control Board (RWQCB) of construction-level design documents for two permitted mine waste disposal units at the Company's Lincoln Mine Project located in California's Mother Lode Gold District of Amador County. Earlier this year, the Company submitted a design report including construction-level plans, specifications, and a construction quality assurance plan for the Waste Rock Pile (WRP) and Surface Fill Unit (SFU). Sutter is now permitted to use the WRP to store development rock from expansion of the underground workings at the Lincoln Mine during the development and production phases of the Lincoln Mine and is also permitted to use the SFU to dispose of a portion of the mill tailings during production phase of the Project. In addition, Sutter is permitted to dispose of the balance of the mill tailings in the underground workings.
This design submittal and approval are required by provisions of the Project's Waste Discharge Requirements (permit) and represent critical path achievements in obtaining the remaining permits required to develop and operate the Project. The Company is incorporating the approved designs into pending permit applications necessary to complete remaining permitting initiatives including wetlands and related permits, the Reclamation Plan, the NPDES Stormwater Permit and grading permits. For a description of other ongoing permitting initiatives, see Sutter news release from August 10, 2010.
43-101 Preliminary Assessment Update
The Company and its consultants are in the process of completing a NI-43-101 Preliminary Economic Assessment ("PEA") on the Project, see Sutter news release from August 10, 2010. The PEA is evaluating the design and development of an initial mining and milling operation focused only on the upper portion of the Lincoln-Comet deposit utilizing existing mine infrastructure in order to minimize development costs and timing. The PEA remains on track for completion and release in Q4 of 2010.
About Sutter
Sutter is a growth-oriented exploration and development company preparing to become a North American gold producer. The Company has two projects: the Lincoln Project located in the Mother Lode Gold Belt of California and the Santa Theresa Project located in the Northern Baja region of Mexico. Currently, the Company's primary focus is the evaluation and development of the Lincoln Project located on the California Mother Lode Gold Belt in Amador County. Sutter currently controls approximately 3.6 miles of the Mother Lode of Amador County, and with 90% of the property still unexplored, potential exists both at depth and along strike of the known mineralized zones. The 120-mile long Mother Lode Gold Belt produced over 13 million ounces of gold historically with 7.9 million ounces originating from the 10-mile long segment between Jackson and Plymouth where the Lincoln Project is strategically located. Properties under the Company's control include eight historic mines with significant historic gold production totaling over 3.5 million ounces or 27% of the historic gold production from the Mother Lode. Historic mines located north and south of the Lincoln Project in the Jackson to Plymouth segment of the Mother Lode successfully mined gold to depths of 4,500 and 6,300 feet, respectively.
In Mexico, Sutter holds the rights to the geologically similar, high-grade El Alamo district of northern Baja, where historic mining to the water table produced mined grades of 30 to 60 g/t gold. Initial exploration with its joint-venture partner, Premier Gold, has demonstrated the extension of high-grade veins.
ON BEHALF OF THE BOARD OF DIRECTORS:
James Crombie, President, CEO & Director
Sutter Gold Mining Inc.
Regulatory Approval of Mining Waste Unit Construction Documents
As part of the Company's ongoing mine permitting and permit compliance initiatives, Sutter recently received approval from the California Regional Water Quality Control Board (RWQCB) of construction-level design documents for two permitted mine waste disposal units at the Company's Lincoln Mine Project located in California's Mother Lode Gold District of Amador County. Earlier this year, the Company submitted a design report including construction-level plans, specifications, and a construction quality assurance plan for the Waste Rock Pile (WRP) and Surface Fill Unit (SFU). Sutter is now permitted to use the WRP to store development rock from expansion of the underground workings at the Lincoln Mine during the development and production phases of the Lincoln Mine and is also permitted to use the SFU to dispose of a portion of the mill tailings during production phase of the Project. In addition, Sutter is permitted to dispose of the balance of the mill tailings in the underground workings.
This design submittal and approval are required by provisions of the Project's Waste Discharge Requirements (permit) and represent critical path achievements in obtaining the remaining permits required to develop and operate the Project. The Company is incorporating the approved designs into pending permit applications necessary to complete remaining permitting initiatives including wetlands and related permits, the Reclamation Plan, the NPDES Stormwater Permit and grading permits. For a description of other ongoing permitting initiatives, see Sutter news release from August 10, 2010.
43-101 Preliminary Assessment Update
The Company and its consultants are in the process of completing a NI-43-101 Preliminary Economic Assessment ("PEA") on the Project, see Sutter news release from August 10, 2010. The PEA is evaluating the design and development of an initial mining and milling operation focused only on the upper portion of the Lincoln-Comet deposit utilizing existing mine infrastructure in order to minimize development costs and timing. The PEA remains on track for completion and release in Q4 of 2010.
About Sutter
Sutter is a growth-oriented exploration and development company preparing to become a North American gold producer. The Company has two projects: the Lincoln Project located in the Mother Lode Gold Belt of California and the Santa Theresa Project located in the Northern Baja region of Mexico. Currently, the Company's primary focus is the evaluation and development of the Lincoln Project located on the California Mother Lode Gold Belt in Amador County. Sutter currently controls approximately 3.6 miles of the Mother Lode of Amador County, and with 90% of the property still unexplored, potential exists both at depth and along strike of the known mineralized zones. The 120-mile long Mother Lode Gold Belt produced over 13 million ounces of gold historically with 7.9 million ounces originating from the 10-mile long segment between Jackson and Plymouth where the Lincoln Project is strategically located. Properties under the Company's control include eight historic mines with significant historic gold production totaling over 3.5 million ounces or 27% of the historic gold production from the Mother Lode. Historic mines located north and south of the Lincoln Project in the Jackson to Plymouth segment of the Mother Lode successfully mined gold to depths of 4,500 and 6,300 feet, respectively.
In Mexico, Sutter holds the rights to the geologically similar, high-grade El Alamo district of northern Baja, where historic mining to the water table produced mined grades of 30 to 60 g/t gold. Initial exploration with its joint-venture partner, Premier Gold, has demonstrated the extension of high-grade veins.
ON BEHALF OF THE BOARD OF DIRECTORS:
James Crombie, President, CEO & Director
Sutter Gold Mining Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Sutter Gold Mining Inc.
Robert Hutmacher
Chief Financial Officer
303 238 1438 ext. 22
bhutmacher@suttergoldmining.com
www.suttergoldmining.com
Sutter Gold Mining Inc.
Robert Hutmacher
Chief Financial Officer
303 238 1438 ext. 22
bhutmacher@suttergoldmining.com
www.suttergoldmining.com
More mining stocks info from Investorideas.com and our Gold and Mining Stocks Blog:
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Gold Stocks; GOLD BULLION (TSX-V: GBB) INCREASES PRIVATE PLACEMENT, GRANTS STOCK OPTIONS
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Proceeds of the Private Placement will be used for the development of the Company's Granada Gold Property in northwestern Quebec . The Private Placement will be subject to approval by the TSX Venture Exchange.
The Company has also granted incentive stock options to a director of the Company to purchase 900,000 common shares in the capital of the Company, exercisable at a price of $0.48 per share for a period of five years. All options are subject to a four month hold period and are granted in accordance with the terms of the Company's Stock Option Plan and the policies of the TSX Venture Exchange.
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-V: GBB, OTC PK: 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"
Frank J. Basa, P.Eng.
President and Chief Executive Officer
President and Chief Executive Officer
For further information contact:
Frank J. Basa, P.Eng., President and CEO: 1-416-625-2342
Roger Thomas, Director: 1-613-292-2438
Roger Thomas, Director: 1-613-292-2438
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. 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.
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Mining Stocks; YALE (TSX-V: YLL) Provides Update on Exploration Activities
Mining Stocks; YALE (TSX-V: YLL) Provides Update on Exploration Activities
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October 6, 2010 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL and Frankfurt: YAB) is pleased to provide an update on the Company's latest exploration activities and the status of projects. The Company has recently finished working on multiple properties in advance of the upcoming drill program on the Guadalupe Property.
Tenoriba:
The initial work program at the recently acquired Tenoriba Project has been completed with the goal of following up on the Company's evaluation visit of the property. Company staff visited a total of six areas but concentrated on the La Verde and Moreno targets, which are the most advanced but have yet to be drilled.
In addition, the drill pads of each of the previous 15 drill holes drilled by the previous operator were visited with the goal of trying to understand the rational for their locations. It is now apparent that several holes were either drilled parallel to or away from surface exposures of mineralization.
Another of the primary goals of this initial work program was to confirm the presence of ‘vuggy silica' that had been mentioned in previous work. Vuggy silica is often an important texture in epithermal systems and can be associated with the higher grade core of these styles of mineralization. Vuggy silica has been confirmed in three target areas including the La Verde and Moreno targets (previously sampled on surface but not drilled). The third location with vuggy silica was tested with drill hole DH-07, which returned 45.90 grams per tonne gold over 1.9 metres at a down hole depth of 62.8 m (see news release dated July 27, 2010).
Samples have been submitted to the lab for analysis and results are anticipated in two to three weeks.
Dos Naciones:
38 samples from a recently completed field program at Dos Naciones have now been submitted to the lab for analysis. The samples are from a work program that concentrated on the La Josefina silver/lead target in the approximate centre of the property. Fieldwork was successful in identifying multiple new exposures of veins as well as a historic working that was previously unknown. The Josefina Target now consists of a series of at least six sub-parallel veins with the core of the silver/lead system having been traced along surface for approximately 600 metres along strike and over 250 metres wide.
This work was completed on behalf our partner Del Toro Silver Corp. who must spend a total of US $400,000 on the project before July 7, 2011. It is anticipated that additional work will be completed at Dos Naciones in the coming months.
Urique:
The Company has terminated the option agreement with American Sierra Gold Corp. for the Urique Property for failure to fulfill certain financial obligations as outlined in the agreement.
During the length of the agreement there were approximately US$ 350,000 spent as Expenditures related to the property and Yale received approximately US$ 110,000 in cash. In addition, Yale was able to purchase a 100% interest in the property as well as discover a significant new gold-rich zone within the El Rosario target utilizing funds provided by our partner.
The Urique Property is 100% owned and controlled by Yale and the Company will now be seeking another partner to advance the project further.
About Yale Resources:
Yale Resources is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non-optioned properties as well as reviewing new projects with a focus on gold.
Samples from the Guadalupe property were prepared and analyzed by Stewart Labs in their facilities in Mexico and Kamloops, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Guadalupe property. The Guadalupe property is an early stage project with no reported resources that requires additional sampling and geological mapping to fully determine the project's potential.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources
Cary Martin, 604-678-2531 ext. 223.
Cary Martin, 604-678-2531 ext. 223.
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Tuesday, October 05, 2010
Copper-molybdenum Stocks; Redhawk (TSX VENTURE:RDK) Intersects Significant Mineralization in New Targets at Copper Creek
Copper-molybdenum Stocks; Redhawk (TSX VENTURE:RDK) Intersects Significant Mineralization in New Targets at Copper Creek
VANCOUVER, BRITISH COLUMBIA--(http://www.investorideas.com/ gold and mining stocks blog)- Oct. 5, 2010) - Redhawk Resources, Inc. (TSX VENTURE:RDK)(FRANKFURT:QF7) -
Copper Creek covers approximately seven square miles. Almost all drilling to date has been focused on approximately 20% of the property and has resulted in a substantial resource hosted in intrusive rocks. As announced in May 2010, the Company is undertaking a five hole drill program on previously untested areas in the Copper Creek District with potential to host higher grade mineralization in mafic host rocks, such as andesite, diabase and gabbro in addition to the intrusive. All new areas being explored are well removed from the current resources and historical district exploration holes. The intent of the program is to show the upside potential for larger and additional resources in the entire district as well as higher grade resources in different host rocks.
The first hole of the five hole program is hole REX-10-046 which was drilled in the SW portion of the property approximately 3200 feet (~1000 meters) from the nearest resources and 1700 feet (~520 meters) from the nearest historical drill hole. Based on still incomplete assays from this hole, the better drill intercepts are listed below.
REX-10-046 was drilled vertically with rotary from 0 to 953 feet and core from 953 to the total depth of 3956.5 feet (1206 meters). True thicknesses have not been determined. The first two intercepts shown above are contained in andesitic volcanics and confirm the potential for the mafic rocks in the district to host significant and possibly economic mineralization. Redhawk believes this first drill hole has demonstrated a vastly increased area within the district, outside current resource areas, with excellent exploration potential and which to date has had little or no historical drilling.
Joe Sandberg, President of Redhawk stated: "We have successfully achieved one of the primary goals of this drilling program in that the first hole of our five hole program has proven our concept of mineralization in higher grade host rocks and in different formations than our existing resources. The magnitude of the potential at Copper Creek increases dramatically when you consider that this first hole is over 1,000 meters from our current 43-101 resource which is contained in an area measuring approximately 1,275 by 750 meters. The remaining four holes on this exploratory expansion program have the same focus but are in different areas well away from the historically explored portion of Copper Creek."
Three additional exploration holes have been pre-collared with rotary drilling and a fourth is in progress. One rotary pre-collar hole is currently being deepened with core drilling and the others are scheduled for deepening with core drilling.
R. Joe Sandberg, CPG, Redhawk's President, CEO and a Qualified Person under the meaning of NI 43-101, is responsible for the technical content of this news release.
All core samples are picked up on site by Redhawk geologists or delivered by the drillers to Redhawk personnel. All samples are delivered by Redhawk personnel to ALS Laboratory Group ISO 9001:2000 & ISO 17025 in Elko, NV or Reno, NV for assay or to Jacobs Assay Office Registered Assayers in Tucson, AZ for sample preparation to pulps and shipped by Jacobs using UPS to ALS in Reno, NV. Check assay standards are submitted with assay jobs, and reviewed for accuracy.
About Redhawk
Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona.
The 100% owned Copper Creek property consists of approximately seven square miles of almost totally contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about 15 miles east of San Manuel. The property is in the prolific southwest US porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo/San Manuel copper smelter and mine and within 30 miles of an existing operating copper smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure.
ON BEHALF OF THE BOARD
"R. Joe Sandberg"
R. Joe Sandberg, President & CEO
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Redhawk does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Redhawk to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
- Drill Hole REX 10-046 intersected 13.5 feet of 0.85% Cu and 4 feet of 1.59% Cu
- Three additional rotary pre collar holes are complete
- Diamond drilling has started on the second hole
- Targets are 1 to 2 km away from the known porphyry style resources
Copper Creek covers approximately seven square miles. Almost all drilling to date has been focused on approximately 20% of the property and has resulted in a substantial resource hosted in intrusive rocks. As announced in May 2010, the Company is undertaking a five hole drill program on previously untested areas in the Copper Creek District with potential to host higher grade mineralization in mafic host rocks, such as andesite, diabase and gabbro in addition to the intrusive. All new areas being explored are well removed from the current resources and historical district exploration holes. The intent of the program is to show the upside potential for larger and additional resources in the entire district as well as higher grade resources in different host rocks.
The first hole of the five hole program is hole REX-10-046 which was drilled in the SW portion of the property approximately 3200 feet (~1000 meters) from the nearest resources and 1700 feet (~520 meters) from the nearest historical drill hole. Based on still incomplete assays from this hole, the better drill intercepts are listed below.
| Hole ID | From feet | To feet | Interval feet | Cu% | Mo% | Ag opt |
| REX-10-046 | 3174 | 3197 | 23 | 0.32 | 0.001 | 0.05 |
| 3562 | 3567 | 5 | 0.62 | 0.005 | 0.08 | |
| 3580.5 | 3594 | 13.5 | 0.85 | 0.001 | 0.14 | |
| Including | 3590 | 3594 | 4 | 1.59 | 0.001 | 0.24 |
| 3715 | 3722 | 7 | 0.58 | 0.033 | 0.11 |
Joe Sandberg, President of Redhawk stated: "We have successfully achieved one of the primary goals of this drilling program in that the first hole of our five hole program has proven our concept of mineralization in higher grade host rocks and in different formations than our existing resources. The magnitude of the potential at Copper Creek increases dramatically when you consider that this first hole is over 1,000 meters from our current 43-101 resource which is contained in an area measuring approximately 1,275 by 750 meters. The remaining four holes on this exploratory expansion program have the same focus but are in different areas well away from the historically explored portion of Copper Creek."
Three additional exploration holes have been pre-collared with rotary drilling and a fourth is in progress. One rotary pre-collar hole is currently being deepened with core drilling and the others are scheduled for deepening with core drilling.
R. Joe Sandberg, CPG, Redhawk's President, CEO and a Qualified Person under the meaning of NI 43-101, is responsible for the technical content of this news release.
All core samples are picked up on site by Redhawk geologists or delivered by the drillers to Redhawk personnel. All samples are delivered by Redhawk personnel to ALS Laboratory Group ISO 9001:2000 & ISO 17025 in Elko, NV or Reno, NV for assay or to Jacobs Assay Office Registered Assayers in Tucson, AZ for sample preparation to pulps and shipped by Jacobs using UPS to ALS in Reno, NV. Check assay standards are submitted with assay jobs, and reviewed for accuracy.
About Redhawk
Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona.
The 100% owned Copper Creek property consists of approximately seven square miles of almost totally contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about 15 miles east of San Manuel. The property is in the prolific southwest US porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo/San Manuel copper smelter and mine and within 30 miles of an existing operating copper smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure.
ON BEHALF OF THE BOARD
"R. Joe Sandberg"
R. Joe Sandberg, President & CEO
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Redhawk does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Redhawk to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Redhawk Resources, Inc.
J. Stephen Barley
Managing Director
604.633.5088
inquiries@redhawkresources.com
www.redhawkresources.com
or
Redhawk Resources, Inc.
Tasso Baras
Investor Relations
604-738-3882 or Toll Free: 1-877-738-3882
Redhawk Resources, Inc.
J. Stephen Barley
Managing Director
604.633.5088
inquiries@redhawkresources.com
www.redhawkresources.com
or
Redhawk Resources, Inc.
Tasso Baras
Investor Relations
604-738-3882 or Toll Free: 1-877-738-3882
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