Jun 12 (Bloomberg) - Centerra Gold Inc, a gold producer by Cameco Corp., said that the Mongolian government's permission to temporarily suspended operations for companies Boroo and can revoke them after review.
Mongolia's mining regulators suspended the permits valid for three months after inspectors cited "issues related to operations such as maintaining license records, one of the land, the handling and operating procedures," Toronto-based Centerra said in a statement today. Company says it is working with regulators to resolve the problem.
Boroo is one of the two Centerra production assets, which include the Kumtor mine in the Kyrgyz Republic. The company seeks to increase output to benefit from the price of gold increased 29 percent since Oct. 24, when the bullion reached a year low in New York.
Centerra said that years of negotiations an agreement with Mongolia's mining regulator for the development of the Gatsuurt gold deposits, about 35 kilometers (22 miles) from Boroo.
Centerra down 46 cents, or 6.3 percent, to C $ 6.84 at 11:03 on the Toronto Stock Exchange trading. Stocks that were down 10 percent, the biggest intraday decline since April 30. Centerra gain 64 percent this year before today.
Centerra announced in a separate statement yesterday that the closing agreement with the Kyrgyz government to resolve the legal disputes that threaten the Kumtor mine.
Under the agreement, Cameco, the world's largest uranium producer, will transfer to the government's 53 percent in the pole Centerra. In April, Cameco said its stake in May fell as low as 38 percent.
To contact the reporter on this story: Rob Delaney in Toronto at robdelaney@bloomberg.net.
Friday, June 12, 2009
Agnico-Eagle Mines, Ltd.
All right, good morning, everyone. We will continue to just keep things rolling. My name is Jay Basal [id] from Wall Street Analyst Forum. And I will be the host for the rest of the day. At this time, I would ask anyone with a mobile phone or mobile device to switch to a position in the inactive or idle for the presentation and not in accordance with the University Club's mobile phone policy. And after the presentation, you can join with us in the breakout rooms, and in the adjacent room for Q & A.
And this day is a presenter Agnico-Eagle Mines Limited and they are the company's international growth, with a focus on gold in Quebec and Finland and the basic and advanced project opportunities in Canada, Mexico, Finland and the United States. They LaRonde mine in Quebec is Canada's largest operating gold mine. In terms of reserves, the mine produced strong earnings and cash flow which is very good and is the foundation for international expansion Agnico.
So without a noise, I will give David Smith, who is Vice President of Investor Relations.
David Smith
Thanks very much, Jay. And thank you, Ladies and Gentlemen, to this day come to hear the presentation on Agnico-Eagle. I feel very interesting that we talk after a real estate investment company, that seems to be a very conservative company, has a long history and operations that really is very similar to Agnico-Eagle.
Agnico-Eagle has been around for 52 years and is a very conservative company. W.P. Carey's Annual Report as we have seen turtles and rabbits in the future. We are also thinking about ourselves as a turtle forthright. In fact, recently issued a Canadian business magazine has been our CEO a turtle race and even beat him with the turtle and for those of you who want to know.
I will certainly covered by the forward-looking statements. Gold is in a position that is very interesting today. We have put some quotes here interesting in the fourth. This is our Annual Reports from 1999 and I really have hit back home that even 10 years later, we still believe that gold is very strong for each person's portfolio. Of course gold is money and I think there may be several generations of North America are sure that gold is money.
I think unfortunately we will remember for many years. Of course Europe, you go to Switzerland and speak with them, and Switzerland does not need to be sure that there is a place for gold in the portfolio. We certainly believe in Agnico is very strong in the future for gold.
I see the gold is actually quite simple. I think that the speed of money clearly a cliff fall, but has provided money through the roof. At some point in the future, in the next few years, I believe that the velocity of money will naturally rebound to more normalized rate, and I believe that that will take inflation with it. And in an inflationary environment, gold is usually done very well.
Slide five really - really the company's strategy for Agnico. We are a conservative company, but we're very focused on the evaluation per share. We really have no interest in becoming a larger company only for the sake of the greater. Surely there are some - some of our competitors may charge that some of them only get bigger for the sake of the greater, but not one of Agnico company. And return to the tortoise and the hare analogy, of course that has been around 52 years old and still truly midsized companies at this point, I do not think you can really accuse us of.to find more just visit : www.seekingalpha.com
And this day is a presenter Agnico-Eagle Mines Limited and they are the company's international growth, with a focus on gold in Quebec and Finland and the basic and advanced project opportunities in Canada, Mexico, Finland and the United States. They LaRonde mine in Quebec is Canada's largest operating gold mine. In terms of reserves, the mine produced strong earnings and cash flow which is very good and is the foundation for international expansion Agnico.
So without a noise, I will give David Smith, who is Vice President of Investor Relations.
David Smith
Thanks very much, Jay. And thank you, Ladies and Gentlemen, to this day come to hear the presentation on Agnico-Eagle. I feel very interesting that we talk after a real estate investment company, that seems to be a very conservative company, has a long history and operations that really is very similar to Agnico-Eagle.
Agnico-Eagle has been around for 52 years and is a very conservative company. W.P. Carey's Annual Report as we have seen turtles and rabbits in the future. We are also thinking about ourselves as a turtle forthright. In fact, recently issued a Canadian business magazine has been our CEO a turtle race and even beat him with the turtle and for those of you who want to know.
I will certainly covered by the forward-looking statements. Gold is in a position that is very interesting today. We have put some quotes here interesting in the fourth. This is our Annual Reports from 1999 and I really have hit back home that even 10 years later, we still believe that gold is very strong for each person's portfolio. Of course gold is money and I think there may be several generations of North America are sure that gold is money.
I think unfortunately we will remember for many years. Of course Europe, you go to Switzerland and speak with them, and Switzerland does not need to be sure that there is a place for gold in the portfolio. We certainly believe in Agnico is very strong in the future for gold.
I see the gold is actually quite simple. I think that the speed of money clearly a cliff fall, but has provided money through the roof. At some point in the future, in the next few years, I believe that the velocity of money will naturally rebound to more normalized rate, and I believe that that will take inflation with it. And in an inflationary environment, gold is usually done very well.
Slide five really - really the company's strategy for Agnico. We are a conservative company, but we're very focused on the evaluation per share. We really have no interest in becoming a larger company only for the sake of the greater. Surely there are some - some of our competitors may charge that some of them only get bigger for the sake of the greater, but not one of Agnico company. And return to the tortoise and the hare analogy, of course that has been around 52 years old and still truly midsized companies at this point, I do not think you can really accuse us of.to find more just visit : www.seekingalpha.com
Thursday, June 11, 2009
subsidiary, Queenstake Resources USA, Inc. takes over suspended operations to accelerate installation of new mercury emission system
Vancouver, June 11 / PRNewswire-FirstCall / - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: Qb6) announced that a subsidiary, Queenstake Resources USA, Inc. ( "Queenstake" or the "Company") has taken action to have a more direct implementation of the Jerritt Canyon operation to accelerate and complete the installation of new mercury-emission-control system in its wholly owned Jerritt Canyon Mine located in Nevada, in response to the Stop Order 2009-6 issued by the Nevada Division of Environmental Protection ( "NDEP" ) last week.
Next to the NDEP Order 2009-4 due to the delay in making a fiberglass ductwork, Queenstake can not meet the deadline to complete the installation of new mercury - emission - control equipment on the Jerritt Canyon Mine by 30 May 2009. Therefore, in accordance with the NDEP Order 2009-4 and 2009-6 Order Stop NDEP received at 4:00 Friday June 5, 2009, Queenstake owned subsidiary of Yukon Nevada Gold Corp. ( "YNG"), has taken steps to focus on all operations Jerritt Canyon Mine on the completed the requirements of those orders. Orders which require the Company to comply with all the previous meet standard including air temperature emissions.
The Company will focus on all cooperation with the outside consultants are now involved in accordance with the order, and fast tracking the completion of the work required. It is estimated that this and other work needed to bring the company back to full compliance will be completed June 30. A proposed order to return to the status of fully operational license subject to the above work is being completed is prepared in parallel with work on the program.
Appointed a new President and CEO, Mr. Robert Baldock said, "To achieve this program, the Company has decided to be more actively involved in the Jerritt Canyon facilities. I ask the new Coo appointed to take over responsibility for the implementation of the operation, including supervision of staff and contractors on site it. This will give the company more control directly from the mining and milling operations, facilitating the financing of the operation and re-start from the mill and mine. "
At the same time, the Company has undertaken a significant upgrade and maintenance program that milling and ore treatment facilities to allow continuous and reliable 24 / 7 operation. This program will be enhanced to include the outstanding issues in accordance with the Company's future start-up plan to NDEP.
The Company reserves and resources at Jerritt Canyon, not accounting for dilution and mining in 2008, is 717,300 ounces of gold in proven and possible category and 1,961,100 in the measured and indicated category as reported on 16 April 2008 NI 43-101 report which can be found in the www.sedar.com or on our website here: http://www.yukon-nevadagold.com/i/pdf/Jerritt-NI430101-Apr08.pdf. In addition, there are already ounces mined and stockpiled in the run-of-mine ( "ROM") pad. ROM pad this source will enable the company to achieve throughput that is now budgeted 3300 tons per day. After the return of the grinding is sufficient to produce at least 2000 ounces of gold per week for nine months with the cost per ounce of $ 300 USD.
Mill facilities are currently licensed to treat 4,320 tpd with the potential capacity of 6000 tpd.
To ensure the operation is in progress after the ROM supplies are processed, the Company has hired a mine manager and additional staff who are planning a return to the beginning of the underground mining operations. Company mined ore will be supplemented by toll treat ore from now to identify customers that are not good or poor mill capacity in each facility. The Company is now in discussions with two "in the economic haulage distance" and the company is a combination ore resources will enable the company to achieve the most are not allowed throughput from 4320 tpd operation once again allowed to begin.
Akan ada job fair held on June 11 at 11:00 PST at the Hotel Hilton Garden Inn, 3650 East Idaho Street, Elko, Nevada.
HISTORY:
After a year-long investigation into mercury emissions, in March 2008 that ordered Queenstake Resources NDEP to install new state-of-the-art emissions control equipment in the Jerritt Canyon Mine at the end of that year. Before NDEP's order satisfied, Queenstake, by their own actions, to stop mining and ore processing in the Jerritt Canyon Mine in August 2008. Facilities remain closed while a new emission control system is designed. Queenstake and staff from the NDEP work together to complete some of the air emissions problems associated with the burning operation. YNGC designed from the new mercury control and the system is expected to control mercury and other emissions to a level below the emission standard.
Next to the NDEP Order 2009-4 due to the delay in making a fiberglass ductwork, Queenstake can not meet the deadline to complete the installation of new mercury - emission - control equipment on the Jerritt Canyon Mine by 30 May 2009. Therefore, in accordance with the NDEP Order 2009-4 and 2009-6 Order Stop NDEP received at 4:00 Friday June 5, 2009, Queenstake owned subsidiary of Yukon Nevada Gold Corp. ( "YNG"), has taken steps to focus on all operations Jerritt Canyon Mine on the completed the requirements of those orders. Orders which require the Company to comply with all the previous meet standard including air temperature emissions.
The Company will focus on all cooperation with the outside consultants are now involved in accordance with the order, and fast tracking the completion of the work required. It is estimated that this and other work needed to bring the company back to full compliance will be completed June 30. A proposed order to return to the status of fully operational license subject to the above work is being completed is prepared in parallel with work on the program.
Appointed a new President and CEO, Mr. Robert Baldock said, "To achieve this program, the Company has decided to be more actively involved in the Jerritt Canyon facilities. I ask the new Coo appointed to take over responsibility for the implementation of the operation, including supervision of staff and contractors on site it. This will give the company more control directly from the mining and milling operations, facilitating the financing of the operation and re-start from the mill and mine. "
At the same time, the Company has undertaken a significant upgrade and maintenance program that milling and ore treatment facilities to allow continuous and reliable 24 / 7 operation. This program will be enhanced to include the outstanding issues in accordance with the Company's future start-up plan to NDEP.
The Company reserves and resources at Jerritt Canyon, not accounting for dilution and mining in 2008, is 717,300 ounces of gold in proven and possible category and 1,961,100 in the measured and indicated category as reported on 16 April 2008 NI 43-101 report which can be found in the www.sedar.com or on our website here: http://www.yukon-nevadagold.com/i/pdf/Jerritt-NI430101-Apr08.pdf. In addition, there are already ounces mined and stockpiled in the run-of-mine ( "ROM") pad. ROM pad this source will enable the company to achieve throughput that is now budgeted 3300 tons per day. After the return of the grinding is sufficient to produce at least 2000 ounces of gold per week for nine months with the cost per ounce of $ 300 USD.
Mill facilities are currently licensed to treat 4,320 tpd with the potential capacity of 6000 tpd.
To ensure the operation is in progress after the ROM supplies are processed, the Company has hired a mine manager and additional staff who are planning a return to the beginning of the underground mining operations. Company mined ore will be supplemented by toll treat ore from now to identify customers that are not good or poor mill capacity in each facility. The Company is now in discussions with two "in the economic haulage distance" and the company is a combination ore resources will enable the company to achieve the most are not allowed throughput from 4320 tpd operation once again allowed to begin.
Akan ada job fair held on June 11 at 11:00 PST at the Hotel Hilton Garden Inn, 3650 East Idaho Street, Elko, Nevada.
HISTORY:
After a year-long investigation into mercury emissions, in March 2008 that ordered Queenstake Resources NDEP to install new state-of-the-art emissions control equipment in the Jerritt Canyon Mine at the end of that year. Before NDEP's order satisfied, Queenstake, by their own actions, to stop mining and ore processing in the Jerritt Canyon Mine in August 2008. Facilities remain closed while a new emission control system is designed. Queenstake and staff from the NDEP work together to complete some of the air emissions problems associated with the burning operation. YNGC designed from the new mercury control and the system is expected to control mercury and other emissions to a level below the emission standard.
Intersect Extensions of the Sugar Zone With New Drilling
Toronto, Ontario - (Marketwire) - 06/11/09 - Corona Gold Corp. ( "Corona") (TSX: CRG) and Harte Gold Corp. ( "Harte") (TSX Venture: HRT) is happy to announce that they have completed ten hole diamond drill program on the Sugar Zone Gold Project in Northwestern Ontario for a total 2020 meters of drilling in late April.
Sugar Zone property located in the north-south trend Dayohessarah Greenstone belt and the host in a major northwest-trend linear structure, which can be the implementation of seven kilometers. Outcropping gold mineralization occurs in parallel within two zones, separated by 10 to 15m and with a drill defined strike length of 1.1km. Mineralization is hosted in quartz grain white sugar is located in the zone along with the thickness up to 12m and dive average 64 degrees to the southwest. The two zones are defined by swarms of felsic porphyry sills hosted in mafic volcanics. Sugar Zone deposits that contain NI 43-101 compliant resource of 904,400 t@9.75g / t Au for 283,500 oz of gold contain.
Intersected significant results in the three hole in the south zone with five main mineralized intercepts intersected with the main structure of the region. All significant intercepts have been intersected at least 0.5 km from the zone now Sugar power, derived from the sugar white zone containing visible gold, quartz, and is considered an extension of the zone Sugar. Summary of significant results is included in Table 1. A drill hole location plan is available at the following address: media3.marketwire.com/docs/PSPPRINT.pdf:
A follow-up program can be developed to determine if the mineralized zone intersected in the extension of Zone Sugar can be developed into a source with the potential economic value and widths through further exploration.
A recently completed ten Nq size diamond core drill hole program was designed to test near surface targets along the 3.5 km strike length of the main zone, and sub-parallel zones defined in the air a good magnetics / EM survey completed in 2008 or the previous IP a survey conducted on the zone. Hole drilled to the northeast in the general inclination of 45 degrees and the average depth of 200m. Holes tested the extension of the east and northwest of the zone, and four sub-structure parallel to the south, north and west of the main mineralized zone. This program is not designed to add ounces to the known mineralization in the Sugar Zone deposit, but to test the new zone and the structure of extension on the distance of up to two km from the zone Sugar.
Sugar Zone property which is set agreement between the Corona, which holds a 51% interest, and Harte who holds 49% interest. Sugar Zone Property consists of 326 unpatented, un-surveyed, contiguous claims consisting of claims of 717 units, and covers approximately 11,560 hectares in the Sault Ste. Marie Mining Division of Ontario. Property which is located about 60 km east of the Hemlo gold camp, and 25 km northeast of White River.
to find more just visit : www.pr-inside.com
Sugar Zone property located in the north-south trend Dayohessarah Greenstone belt and the host in a major northwest-trend linear structure, which can be the implementation of seven kilometers. Outcropping gold mineralization occurs in parallel within two zones, separated by 10 to 15m and with a drill defined strike length of 1.1km. Mineralization is hosted in quartz grain white sugar is located in the zone along with the thickness up to 12m and dive average 64 degrees to the southwest. The two zones are defined by swarms of felsic porphyry sills hosted in mafic volcanics. Sugar Zone deposits that contain NI 43-101 compliant resource of 904,400 t@9.75g / t Au for 283,500 oz of gold contain.
Intersected significant results in the three hole in the south zone with five main mineralized intercepts intersected with the main structure of the region. All significant intercepts have been intersected at least 0.5 km from the zone now Sugar power, derived from the sugar white zone containing visible gold, quartz, and is considered an extension of the zone Sugar. Summary of significant results is included in Table 1. A drill hole location plan is available at the following address: media3.marketwire.com/docs/PSPPRINT.pdf:
A follow-up program can be developed to determine if the mineralized zone intersected in the extension of Zone Sugar can be developed into a source with the potential economic value and widths through further exploration.
A recently completed ten Nq size diamond core drill hole program was designed to test near surface targets along the 3.5 km strike length of the main zone, and sub-parallel zones defined in the air a good magnetics / EM survey completed in 2008 or the previous IP a survey conducted on the zone. Hole drilled to the northeast in the general inclination of 45 degrees and the average depth of 200m. Holes tested the extension of the east and northwest of the zone, and four sub-structure parallel to the south, north and west of the main mineralized zone. This program is not designed to add ounces to the known mineralization in the Sugar Zone deposit, but to test the new zone and the structure of extension on the distance of up to two km from the zone Sugar.
Sugar Zone property which is set agreement between the Corona, which holds a 51% interest, and Harte who holds 49% interest. Sugar Zone Property consists of 326 unpatented, un-surveyed, contiguous claims consisting of claims of 717 units, and covers approximately 11,560 hectares in the Sault Ste. Marie Mining Division of Ontario. Property which is located about 60 km east of the Hemlo gold camp, and 25 km northeast of White River.
to find more just visit : www.pr-inside.com
Tuesday, June 9, 2009
Indecision Could Plague Markets Despite Further Positive Signals
Major U.S. index to the future are higher on Tuesday's. After the show lackluster performance in the last two sessions, the market forward to May positive catalyst that can help them in the resumption of the rally. From Texas Instruments (TXN) positive guidance could infuse some optimism and add evidence to the economic expectations hit the bottom. Commodity space, which is experiencing some weakness yesterday, could see a turnaround, because commodity prices are moving higher. That said, the oil tends to see some volatility in the middle of the release of the API oil inventory report.
Some traders also tremble to take position in front of Wednesday's retail sales report, considering the important role many expect consumer spending to play in the anticipated recovery. However, without confidence that all is good with the economy, may not have significant upside from current levels, while the downside may be limited.
After showing a lot of weakness throughout the session from Monday, as traders expressed apprehensions over the sustainability of new benefits in the absence of sure-fire does not signal around the corner from the recovery, the average primary ended in a mixture of notes. At the end of the trading, buying interest appears strong, catapulting the main above the average does not change the line before the rally fizzled in the last few trading days, although most help cut losses early.
The Dow Industrials ended the session up 1.36 points or 0.02% in 8765, while the Nasdaq Composite Index receded 7.02 points or 0.38% to 1,842 and the S & P 500 Index eased 0.95 points or 0.10% at 939.
The broad components of the Dow is almost even, with 13 Dow components ended lower and two ended unchanged, while the rest of the 15 stocks closed in positive territory.
In the Philadelphia Oil Service Index ended down 1.05% and the Philadelphia Housing Sector Index down 1.73%. Amex Airline Index lost 3.12%, while the Amex Internet Index down about 1%. On the other hand, the KBW Bank Index moved up 1.29%.
to find more just visit : www.rttnews.com
Some traders also tremble to take position in front of Wednesday's retail sales report, considering the important role many expect consumer spending to play in the anticipated recovery. However, without confidence that all is good with the economy, may not have significant upside from current levels, while the downside may be limited.
After showing a lot of weakness throughout the session from Monday, as traders expressed apprehensions over the sustainability of new benefits in the absence of sure-fire does not signal around the corner from the recovery, the average primary ended in a mixture of notes. At the end of the trading, buying interest appears strong, catapulting the main above the average does not change the line before the rally fizzled in the last few trading days, although most help cut losses early.
The Dow Industrials ended the session up 1.36 points or 0.02% in 8765, while the Nasdaq Composite Index receded 7.02 points or 0.38% to 1,842 and the S & P 500 Index eased 0.95 points or 0.10% at 939.
The broad components of the Dow is almost even, with 13 Dow components ended lower and two ended unchanged, while the rest of the 15 stocks closed in positive territory.
In the Philadelphia Oil Service Index ended down 1.05% and the Philadelphia Housing Sector Index down 1.73%. Amex Airline Index lost 3.12%, while the Amex Internet Index down about 1%. On the other hand, the KBW Bank Index moved up 1.29%.
to find more just visit : www.rttnews.com
Colt Resources Inc. reports significant Gold, Tungsten and Tin values from multiple zones of mineralization on its Portuguese properties
MONTREAL, June 9 / CNW Telbec / - Colt Resources Inc. ( "Colt" or
"Company") is pleased to provide an update on the property during the work completed
The first 4 months in 2009 and from Penedono Meda concession Armamar
located in northern Portugal.
Penedono concession consisting of a representative 51.231km2
reduction from the original concession area as an annual requirement under the
Portuguese mining law. Colt and has been successful in negotiating the
extension of the concession for an additional 3 years and have increased
the size of the concession to 102.471 km2. The concession is partly Penedono
surrounded by Armamar Meda Concession consists of 436.81 km2 in the
turn is partly surrounded by Moimenta-Almendra concession consisting of a
566.58 km2.
The combination of the three (3) make a second concession Colt
mining the largest land owner in Portugal after Lundin Mining.
The concessions are located around the city which is located Penedono
air, about 100 km east of the coastal city of Porto.
PENEDONO CONCESSION
-------------------
On the Penedono Concession at the Santo Antonio vein system, a number of
new discoveries have been reported covering vein clusters and sheeted vein
systems near the previously reported and partially explored NE / SW trending
veins 1-13. The new N/S to NNE/SSW veins are typically narrow (0.5 - 20 cm
thick) and steeply dipping. Their intensity and continuity is being
investigated for the potential of hosting several small open pits.
One area lying between Veins 3 and 4 and located near the NE end of Vein
3 returned the following chip samples from the poorly exposed veins. This
cluster of samples was taken over an area of approximately 100 m x 200 m and
extensions to this vein swarm are being investigated.
-------------------------------------------------------------------------
sample UTM UTM type occurr- description Au g/t
No. East North ence
-------------------------------------------------------------------------
196928 632907 4541724 chip Outcrop quartz with aspy (mineralized 5.56
quartz vein)
205085 633869 4541776 chip Outcrop quartz+aspy and greisen vein 27.04
205086 633877 4541774 chip Outcrop quartz+aspy and greisen vein 18.56
205087 633877 4541774 chip Outcrop quartz+aspy and greisen vein 19.68
205088 633899 4541797 chip Outcrop greisen with aspy 34.40
205089 633869 4541776 chip Outcrop quartz and greisen vein with 26.08
aspy (10cm)
205090 633890 4541781 chip Outcrop quartz and greisen veins with 11.00
aspy
205091 633914 4541773 chip Outcrop aspy+quartz veins, 1-2cm thick 15.68
205092 633925 4541764 chip Outcrop aspy+quartz (20cm) 8.40
-------------------------------------------------------------------------
Also on the Penedono Concession in the Marofa area, (adjacent to the west
from the Santo Antonio veins), previously reported good grade values for gold
and tungsten have been categorized for additional sampling, trenching and
drilling. These values, as reported in the News Release of Dec.15, 2008,
ranged up to 96 g/t gold and 18,364 ppm (1.84%) W or 2.32% WO3 and while these
high grade numbers are not necessarily representative of the overall expected
grades, they represent the potential of the 5 to 6 Marofa areas of veins
swarms. These areas have dimensions of approximately 100-300 m x 300-400 m
each.
to find more just visit : www.newswire.ca
"Company") is pleased to provide an update on the property during the work completed
The first 4 months in 2009 and from Penedono Meda concession Armamar
located in northern Portugal.
Penedono concession consisting of a representative 51.231km2
reduction from the original concession area as an annual requirement under the
Portuguese mining law. Colt and has been successful in negotiating the
extension of the concession for an additional 3 years and have increased
the size of the concession to 102.471 km2. The concession is partly Penedono
surrounded by Armamar Meda Concession consists of 436.81 km2 in the
turn is partly surrounded by Moimenta-Almendra concession consisting of a
566.58 km2.
The combination of the three (3) make a second concession Colt
mining the largest land owner in Portugal after Lundin Mining.
The concessions are located around the city which is located Penedono
air, about 100 km east of the coastal city of Porto.
PENEDONO CONCESSION
-------------------
On the Penedono Concession at the Santo Antonio vein system, a number of
new discoveries have been reported covering vein clusters and sheeted vein
systems near the previously reported and partially explored NE / SW trending
veins 1-13. The new N/S to NNE/SSW veins are typically narrow (0.5 - 20 cm
thick) and steeply dipping. Their intensity and continuity is being
investigated for the potential of hosting several small open pits.
One area lying between Veins 3 and 4 and located near the NE end of Vein
3 returned the following chip samples from the poorly exposed veins. This
cluster of samples was taken over an area of approximately 100 m x 200 m and
extensions to this vein swarm are being investigated.
-------------------------------------------------------------------------
sample UTM UTM type occurr- description Au g/t
No. East North ence
-------------------------------------------------------------------------
196928 632907 4541724 chip Outcrop quartz with aspy (mineralized 5.56
quartz vein)
205085 633869 4541776 chip Outcrop quartz+aspy and greisen vein 27.04
205086 633877 4541774 chip Outcrop quartz+aspy and greisen vein 18.56
205087 633877 4541774 chip Outcrop quartz+aspy and greisen vein 19.68
205088 633899 4541797 chip Outcrop greisen with aspy 34.40
205089 633869 4541776 chip Outcrop quartz and greisen vein with 26.08
aspy (10cm)
205090 633890 4541781 chip Outcrop quartz and greisen veins with 11.00
aspy
205091 633914 4541773 chip Outcrop aspy+quartz veins, 1-2cm thick 15.68
205092 633925 4541764 chip Outcrop aspy+quartz (20cm) 8.40
-------------------------------------------------------------------------
Also on the Penedono Concession in the Marofa area, (adjacent to the west
from the Santo Antonio veins), previously reported good grade values for gold
and tungsten have been categorized for additional sampling, trenching and
drilling. These values, as reported in the News Release of Dec.15, 2008,
ranged up to 96 g/t gold and 18,364 ppm (1.84%) W or 2.32% WO3 and while these
high grade numbers are not necessarily representative of the overall expected
grades, they represent the potential of the 5 to 6 Marofa areas of veins
swarms. These areas have dimensions of approximately 100-300 m x 300-400 m
each.
to find more just visit : www.newswire.ca
Canasia industries to acquire Mexican mining company for about $720,000
Vancouver, B.C. - Canasia Industries Corp. (TSXV: CAJ) said Tuesday it has reached the deal to purchase all the shares of mining companies Exploraciones Las Joyas Mexico SA de CV
Vancouver-based junior miner said all-stock transaction will see the eight million shares in exchange for all shares Exploraciones.
Canasia shares ended Monday trading at nine cents per share on the Venture Exchange in Toronto Stock Exchange, giving the estimated transaction value of $ 720,000.
Canasia said it signed a letter of agreement with Exploraciones last week, adding the two sides plan to complete the transaction by May 15.
Pending regulatory approval, the transaction is scheduled to close by July 31.
Canasia shares ended Monday trading at nine cents per share on the Venture Exchange in Toronto Stock Exchange, giving the estimated transaction value of $ 720,000.
Canasia said it signed a letter of agreement with Exploraciones last week, adding the two sides plan to complete the transaction by May 15.
Pending regulatory approval, the transaction is scheduled to close by July 31.
Copyright © 2009 The Canadian Press. All rights reserved.
Vancouver-based junior miner said all-stock transaction will see the eight million shares in exchange for all shares Exploraciones.
Canasia shares ended Monday trading at nine cents per share on the Venture Exchange in Toronto Stock Exchange, giving the estimated transaction value of $ 720,000.
Canasia said it signed a letter of agreement with Exploraciones last week, adding the two sides plan to complete the transaction by May 15.
Pending regulatory approval, the transaction is scheduled to close by July 31.
Canasia shares ended Monday trading at nine cents per share on the Venture Exchange in Toronto Stock Exchange, giving the estimated transaction value of $ 720,000.
Canasia said it signed a letter of agreement with Exploraciones last week, adding the two sides plan to complete the transaction by May 15.
Pending regulatory approval, the transaction is scheduled to close by July 31.
Copyright © 2009 The Canadian Press. All rights reserved.
Monday, June 8, 2009
OTCPicks.com: OTCPicks.com Stocks to Watch for Monday, June 8th
Stock Watch for tomorrow include Nevada Gold Holdings Inc (OTCBB: nghi), Syndication Inc. (OTC: SYNJ | Quote | Chart | News | PowerRating) and PharmaCom BioVet Inc. (OTC: PHMB).
Visit us to register http://www.otcpicks.com/microcap.htm Daily Market Mover's Digest Newsletter, and Email Stock Watch Alerts.
Nevada GOLD Holdings Incorporated (OTCBB: nghi | Quote | Chart | News | PowerRating) "Up 21.25% on Friday and more than 40% since the beginning told us on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/NGHI.php
Headquartered in Fernley, NV, Nevada Gold Holdings, Inc. to do the acquisition, exploration, and development of gold properties. The Company experienced management seeks to identify world class gold deposits by applying advanced geological and geophysical methods for high-potential exploration properties located in the productive gold mining areas of Nevada. The Company currently holds one of the rental property, then the prospects Tempo, located about 20 miles north of Austin, Nevada. The layer consists of 146 contiguous unpatented claims, total 2920 acres, and is located in the north-south trend Rabbit Creek Gold Trend. The Company is currently with plans to explore gold in the Tempo and exploration prospects for the future, and eventually develop Nevada Gold Holdings into a successful exploration company.
Nghi News:
June 5 - Webcast Alert: Nevada Gold Holdings Inc. Investor Presentation Information on the Forum on Monday, Jun 8 2009, 10:30 ET
Nevada Gold Holdings, Inc. (OTCBB: nghi), a mineral exploration company focused on identifying and developing large-scale gold deposit in Nevada, announced that the company will install the Information Investor Forum held in InvestorCalendar.com. We invite you to listen to the presentation by David C. Mathewson, CEO, President and Chief Geologist of Nevada Gold Holdings, Inc., on June 8 at 10:30 ET.
Audio webcast of this presentation will be available to all investors at www.investorcalendar.com, and through our website at www.nevadagoldholdings.com.
Jun 4 - Nevada Gold Holdings Inc / nghi Provides Company Background
Nevada Gold Holdings, Inc. (OTCBB: nghi), a mineral exploration company focused on identifying and developing large-scale gold deposit in Nevada, recently providing the background of the company.
Nevada Gold Holdings was formed with the vision to identify quality exploration properties in the mining friendly state of Nevada. The Company had originally acquired the property boat, Tempo, which is the scale of the opportunity district. Nevada Gold Holdings intend to selectively add high quality exploration properties to the portfolio as a CEO, President and Chief Geologist of Nevada Gold Holdings Inc, Dave Mathewson, determine their attractiveness.
Comment on the company's strategy will be developed, Dave Mathewson stated, "Nevada Gold Holdings is a new business was created to focus on exploration. Our Portfolio currently consists of one of the best exploration potential of the properties I saw in 35 years in Nevada. At this time, I review and analyze some additional acquisition targets. "
Mathewson continued, "Nevada Gold Holdings will remain an exploration company. We do not plan to go into production. But we will try to identify the scale deposits, and then with the joint venture or sell the property department as a whole. I have been an exploration geologist and overall career believe in the value creation of the biggest occurred in the gold mining industry when junior exploration companies to find new deposits. I believe there are still some waiting to large deposits found in Nevada, who is one of the most productive gold regions in this planet. "
Syndication Incorporated (OTC: SYNJ | Quote | Chart | News | PowerRating) "Up 128.57% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/SYNJ.php
Syndication, Inc., a development stage company, operates as a corporate consultant in the United States. It acquires controlling interests in or to participate in the creation, and to provide financial, management, and technical support to development stage businesses, e-commerce business, and traditional brick-and-mortar business. Company helps target companies in various fields, including the development and implementation of business models to provide solutions to traditional companies; build infrastructure company, such as management team, the quality department of marketing and sales, information technology, and financial and business development, and managing rapid growth and flexibility to adopt changes to the Internet and technology market. This will also help in evaluating the target company, the structure, and negotiation with the Ventures, strategic alliances, joint marketing agreement and transaction company, and to provide advice relating to financial companies, financial reporting, accounting and operations. Syndication, through a subsidiary, Sy-Med Decompression, Inc., does not provide surgical treatment option for patients with back pain due to lumbar disc herniation, degenerative disc disease, sciatica, facet syndrome, and spinal stenosis. Company, formerly known as Syndication Net.com, Inc., founded in 1999 and headquartered in Washington, DC
to find more just visit : www.tradingmarkets.com
Visit us to register http://www.otcpicks.com/microcap.htm Daily Market Mover's Digest Newsletter, and Email Stock Watch Alerts.
Nevada GOLD Holdings Incorporated (OTCBB: nghi | Quote | Chart | News | PowerRating) "Up 21.25% on Friday and more than 40% since the beginning told us on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/NGHI.php
Headquartered in Fernley, NV, Nevada Gold Holdings, Inc. to do the acquisition, exploration, and development of gold properties. The Company experienced management seeks to identify world class gold deposits by applying advanced geological and geophysical methods for high-potential exploration properties located in the productive gold mining areas of Nevada. The Company currently holds one of the rental property, then the prospects Tempo, located about 20 miles north of Austin, Nevada. The layer consists of 146 contiguous unpatented claims, total 2920 acres, and is located in the north-south trend Rabbit Creek Gold Trend. The Company is currently with plans to explore gold in the Tempo and exploration prospects for the future, and eventually develop Nevada Gold Holdings into a successful exploration company.
Nghi News:
June 5 - Webcast Alert: Nevada Gold Holdings Inc. Investor Presentation Information on the Forum on Monday, Jun 8 2009, 10:30 ET
Nevada Gold Holdings, Inc. (OTCBB: nghi), a mineral exploration company focused on identifying and developing large-scale gold deposit in Nevada, announced that the company will install the Information Investor Forum held in InvestorCalendar.com. We invite you to listen to the presentation by David C. Mathewson, CEO, President and Chief Geologist of Nevada Gold Holdings, Inc., on June 8 at 10:30 ET.
Audio webcast of this presentation will be available to all investors at www.investorcalendar.com, and through our website at www.nevadagoldholdings.com.
Jun 4 - Nevada Gold Holdings Inc / nghi Provides Company Background
Nevada Gold Holdings, Inc. (OTCBB: nghi), a mineral exploration company focused on identifying and developing large-scale gold deposit in Nevada, recently providing the background of the company.
Nevada Gold Holdings was formed with the vision to identify quality exploration properties in the mining friendly state of Nevada. The Company had originally acquired the property boat, Tempo, which is the scale of the opportunity district. Nevada Gold Holdings intend to selectively add high quality exploration properties to the portfolio as a CEO, President and Chief Geologist of Nevada Gold Holdings Inc, Dave Mathewson, determine their attractiveness.
Comment on the company's strategy will be developed, Dave Mathewson stated, "Nevada Gold Holdings is a new business was created to focus on exploration. Our Portfolio currently consists of one of the best exploration potential of the properties I saw in 35 years in Nevada. At this time, I review and analyze some additional acquisition targets. "
Mathewson continued, "Nevada Gold Holdings will remain an exploration company. We do not plan to go into production. But we will try to identify the scale deposits, and then with the joint venture or sell the property department as a whole. I have been an exploration geologist and overall career believe in the value creation of the biggest occurred in the gold mining industry when junior exploration companies to find new deposits. I believe there are still some waiting to large deposits found in Nevada, who is one of the most productive gold regions in this planet. "
Syndication Incorporated (OTC: SYNJ | Quote | Chart | News | PowerRating) "Up 128.57% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/SYNJ.php
Syndication, Inc., a development stage company, operates as a corporate consultant in the United States. It acquires controlling interests in or to participate in the creation, and to provide financial, management, and technical support to development stage businesses, e-commerce business, and traditional brick-and-mortar business. Company helps target companies in various fields, including the development and implementation of business models to provide solutions to traditional companies; build infrastructure company, such as management team, the quality department of marketing and sales, information technology, and financial and business development, and managing rapid growth and flexibility to adopt changes to the Internet and technology market. This will also help in evaluating the target company, the structure, and negotiation with the Ventures, strategic alliances, joint marketing agreement and transaction company, and to provide advice relating to financial companies, financial reporting, accounting and operations. Syndication, through a subsidiary, Sy-Med Decompression, Inc., does not provide surgical treatment option for patients with back pain due to lumbar disc herniation, degenerative disc disease, sciatica, facet syndrome, and spinal stenosis. Company, formerly known as Syndication Net.com, Inc., founded in 1999 and headquartered in Washington, DC
to find more just visit : www.tradingmarkets.com
Liquidators open bids for Pamodzi’s East Rand assets
Johannesburg (miningweekly.com) - The provisional liquidators to fight gold company Pamodzi Gold will allow the parties to submit bids for the company's East Rand operations until June 19.
Closing date for bids from two junior high schools other mines - Free State assets and the Orkney mine - closed on Wednesday, and Friday, respectively.
SBT Trust provisional liquidator Enver Motala's Mining Weekly Online that the three companies have submitted offers for the Free State operations, including gold producer Harmony Gold, Mining Virgil, is also unknown, as mining companies with local operations.
Motala said that the successful bidder for the Free State this operation likely will be announced later this week.
Bidders for the Orkney operations including gold and uranium miner Simmer & Jack, JIC Mining, Mining Zebra, also known as no bidder for the Free State operations.
Bidder who is unnamed also shown interest in the East Rand operations by placing a bid for a third operation.
East Rand operations consist of Modderfontein, Nigel, and operations Grootvlei shallow. Together with the operation represented a measured and indicated resource base in excess of 4.8 million ounces of gold.
Special operation that consists of the stem and seven pumping water underground to produce shafts with significant development potential, and the recently-processing plant with a design capacity of 195 000 t / m.
SBT Trust said that in a prospective ad buyer is selected to participate in this process will be asked to sign a confidentiality do escrow, and will need to deposit R1-million in attorneys trust accounts. Deposit will not be refunded if the prospective buyer must withdraw from the sales process.
Expression of interest must be submitted no later than end of business on June 19.
Pamodzi Gold operations placed under provisional liquidation after failing borrow funds again. SBT Trust companies now sell to generate money to pay its creditors and staff.
Last week, Harmony Gold to bid for the Free State operations. Spokesperson Marian van der Walt stated that some of the assets offered logical synergy with its own operating in the province.
He noted that not only an asset acquisition Harmony offers the opportunity for water pumping, ventilation, Tailings disposal and processing plants in Pamodzi, it also provides the opportunity to add to its gold-Harmony-class portfolio.
Meanwhile, South African investment company Sekunjalo Holdings also shown interest in making a bid for the entire company, however, Motala said that no bids have been received as yet.
Company nonexecutive director Mo Kajee told Mining Weekly Online last week that Sekunjalo, along with Middle East investors, who have offered to Pamodzi, which has been referred back because of certain technical problems.
Sekunjalo consortium which has donated funds of $ 500 million and specifically want to invest in the resources sector in South Africa.
However, on Monday Motala said that he "worried" about Sekunjalo bid, because the company never engaged in the bidding process through provisional liquidators.
Consortium which has been shown that the bid will be presented on Wednesday, but Motala reminded that the deadline for bidding Orkney Free State and the operation has passed.
"This put us in a very difficult situation," said Motala. "If they even put in the mail saying that they do not qualify but liquidator, but we offer here is subject to the conditions that must be suitable, then at least have one foot in the door."
With "serious" bidder such as Harmony in the running for one of the operation, said that Motala akan SBT Trust to make some difficult decisions about how to sell akan Pamodzi's assets.
to find more just visit : www.miningweekly.com
Closing date for bids from two junior high schools other mines - Free State assets and the Orkney mine - closed on Wednesday, and Friday, respectively.
SBT Trust provisional liquidator Enver Motala's Mining Weekly Online that the three companies have submitted offers for the Free State operations, including gold producer Harmony Gold, Mining Virgil, is also unknown, as mining companies with local operations.
Motala said that the successful bidder for the Free State this operation likely will be announced later this week.
Bidders for the Orkney operations including gold and uranium miner Simmer & Jack, JIC Mining, Mining Zebra, also known as no bidder for the Free State operations.
Bidder who is unnamed also shown interest in the East Rand operations by placing a bid for a third operation.
East Rand operations consist of Modderfontein, Nigel, and operations Grootvlei shallow. Together with the operation represented a measured and indicated resource base in excess of 4.8 million ounces of gold.
Special operation that consists of the stem and seven pumping water underground to produce shafts with significant development potential, and the recently-processing plant with a design capacity of 195 000 t / m.
SBT Trust said that in a prospective ad buyer is selected to participate in this process will be asked to sign a confidentiality do escrow, and will need to deposit R1-million in attorneys trust accounts. Deposit will not be refunded if the prospective buyer must withdraw from the sales process.
Expression of interest must be submitted no later than end of business on June 19.
Pamodzi Gold operations placed under provisional liquidation after failing borrow funds again. SBT Trust companies now sell to generate money to pay its creditors and staff.
Last week, Harmony Gold to bid for the Free State operations. Spokesperson Marian van der Walt stated that some of the assets offered logical synergy with its own operating in the province.
He noted that not only an asset acquisition Harmony offers the opportunity for water pumping, ventilation, Tailings disposal and processing plants in Pamodzi, it also provides the opportunity to add to its gold-Harmony-class portfolio.
Meanwhile, South African investment company Sekunjalo Holdings also shown interest in making a bid for the entire company, however, Motala said that no bids have been received as yet.
Company nonexecutive director Mo Kajee told Mining Weekly Online last week that Sekunjalo, along with Middle East investors, who have offered to Pamodzi, which has been referred back because of certain technical problems.
Sekunjalo consortium which has donated funds of $ 500 million and specifically want to invest in the resources sector in South Africa.
However, on Monday Motala said that he "worried" about Sekunjalo bid, because the company never engaged in the bidding process through provisional liquidators.
Consortium which has been shown that the bid will be presented on Wednesday, but Motala reminded that the deadline for bidding Orkney Free State and the operation has passed.
"This put us in a very difficult situation," said Motala. "If they even put in the mail saying that they do not qualify but liquidator, but we offer here is subject to the conditions that must be suitable, then at least have one foot in the door."
With "serious" bidder such as Harmony in the running for one of the operation, said that Motala akan SBT Trust to make some difficult decisions about how to sell akan Pamodzi's assets.
to find more just visit : www.miningweekly.com
Wall Street News Alert: Hot Stock to Watch -- PGNE -- June 8, 2009
There is important news coming from PrimeGen Energy Corporation (PINKSHEETS: PGNE), and investors should watch this one. Friday after the markets closed, the company issued a press release announced that as part of participation in the recently announced agreement on an oil and gas projects in the Timan-Pechora, Russia, the service was told they PrimeGen mobilization of equipment to start drilling in the participatory land .
Well have been titled as "Kochmesskoye" and scheduled for drilling immediately with preliminary results anticipated in one month from the beginning. The operator that they have the tools that are on the way to the target location and drilling will begin.
This is great news, according to the press release, the Timan-Pechora region during this project consists of 24 oil producing wells with close to one billion barrels and 132 BCF of proven reserves. A discovery well tested 5,589 BOPD from 3,958-3,974 meters in the zone. Timan-Pechora region is 17 kilometers from Ukhta, a major city in the Republic of Komi. Oil which is located about 1200 km from the play Moscow. ATM infrastructure has been established, so that all areas of access to the operating year. Power lines and major highways passing through the region. There is also a branch of the Transneft pipeline between Ukhta and Moscow that passes directly through the project. Additional transportation routes including rail system with terminals located close to the nearest Ukhta.
A fertile area and documented the existence of the region benefiting from the company that was founded as TNK-BP and Komineftegaz. Participating properties have more than 24 production wells at this time, where interest PrimeGen will result in direct cash flow for the company.
Company President Robert Charlton commented, "We are very pleased with the news that the operator of this project firmly believe in growth. Bringing the better course to increase production and strengthen the reason to expand our participation in this project. However, we still see more strategic acquisitions in the eye to expand and diversify our asset portfolio to provide our real value and the investor in real time. "
Investors are advised to keep close eye on the future development of the
The stock closed Friday at Three cents part.
For an in-depth profile of PrimeGen Energy, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_060709.
Suncor Energy Inc. (NYSE: SU) up 0.8% on 12.7 million shares traded. Suncor Energy Inc. is an energy company headquartered in Calgary, Alberta.
Apple, Inc. (NASDAQ: AAPL) up 0.6% on 22.5 million shares traded. Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented personal computer in the 1980s with the Macintosh.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 1.4% on 17.4 million shares traded. FCX is a leading international mining company with headquarters in Phoenix, Arizona.
Market Comment:
The average cost of gallon of regular gasoline rose slightly to $ 2.613 Sunday, according to $ 2,606 from the motorist group AAA. This is the fortieth consecutive daily increase in gas prices. Only in the last week, prices have increased more than 4%.
Leaving Wall Street News Alert help advertise for your company using effective awareness campaigns. If you are Interested in letting your story, we can help. Contact us at info@wallstreetnewsalert.com
Well have been titled as "Kochmesskoye" and scheduled for drilling immediately with preliminary results anticipated in one month from the beginning. The operator that they have the tools that are on the way to the target location and drilling will begin.
This is great news, according to the press release, the Timan-Pechora region during this project consists of 24 oil producing wells with close to one billion barrels and 132 BCF of proven reserves. A discovery well tested 5,589 BOPD from 3,958-3,974 meters in the zone. Timan-Pechora region is 17 kilometers from Ukhta, a major city in the Republic of Komi. Oil which is located about 1200 km from the play Moscow. ATM infrastructure has been established, so that all areas of access to the operating year. Power lines and major highways passing through the region. There is also a branch of the Transneft pipeline between Ukhta and Moscow that passes directly through the project. Additional transportation routes including rail system with terminals located close to the nearest Ukhta.
A fertile area and documented the existence of the region benefiting from the company that was founded as TNK-BP and Komineftegaz. Participating properties have more than 24 production wells at this time, where interest PrimeGen will result in direct cash flow for the company.
Company President Robert Charlton commented, "We are very pleased with the news that the operator of this project firmly believe in growth. Bringing the better course to increase production and strengthen the reason to expand our participation in this project. However, we still see more strategic acquisitions in the eye to expand and diversify our asset portfolio to provide our real value and the investor in real time. "
Investors are advised to keep close eye on the future development of the
The stock closed Friday at Three cents part.
For an in-depth profile of PrimeGen Energy, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_060709.
Suncor Energy Inc. (NYSE: SU) up 0.8% on 12.7 million shares traded. Suncor Energy Inc. is an energy company headquartered in Calgary, Alberta.
Apple, Inc. (NASDAQ: AAPL) up 0.6% on 22.5 million shares traded. Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented personal computer in the 1980s with the Macintosh.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 1.4% on 17.4 million shares traded. FCX is a leading international mining company with headquarters in Phoenix, Arizona.
Market Comment:
The average cost of gallon of regular gasoline rose slightly to $ 2.613 Sunday, according to $ 2,606 from the motorist group AAA. This is the fortieth consecutive daily increase in gas prices. Only in the last week, prices have increased more than 4%.
Leaving Wall Street News Alert help advertise for your company using effective awareness campaigns. If you are Interested in letting your story, we can help. Contact us at info@wallstreetnewsalert.com
Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS
June 8 (Bloomberg) - California billionaire Igor Olenicoff has invested $ 200 million, with UBS AG in 2001 when Swiss banker he ushered him to the bottom of the pit in Geneva.
Olenicoff, a real estate developer with a taste for yachts and art of Russia, see the floor the floor safe-deposit box. His private banker, Bradley Birkenfeld, and colleagues show Olenicoff own room for valuables.
"They said, 'What you want - the company stock, cash, gold, silver - put it here," said Olenicoff, 66, in Newport Beach, California, headquarters of Olen Properties Corp., a company founded in 1973. "That's the aura of legitimacy and confidential. They said, 'We the world's largest wealth manager,' so what question?"
Birkenfeld, 44, has spent years wooing Olenicoff, he visited the house in Laguna Beach, California, and Lighthouse Point, Florida; resources on the 147-foot (45 meter) yacht to the Mayan ruins of honduras, and are on the Cessna Citation II jet .
Four years later, men who admitted felons. Since December 2007, and billionaire banker has pleaded guilty tax crimes.
The court case opened the door normally reticent dummy companies in the world, and offshore financial havens phony filings rich American who used to avoid paying U.S. taxes. President Barack Obama has proposed to end tax breaks such as the US-based multinational corporations and individuals in a decade.
'Liability Citizenship'
"Most of the United States meet their obligations because of their sense of civic duty," said Obama on May 4. "But there are other people that they are shirking. We should not let some people dodge their responsibilities, while the United States usually take the slack. Unfortunately, from what we do."
Birkenfeld Olenicoff and that the cases come amid widening U.S. crackdown on foreign companies that rich food to the United States. U.S. Senator Carl Levin, a Michigan Democrat, the estimated cost in the tax that has not paid U.S. Treasury is $ 100 billion a year.
Olenicoff with evidence from the case and the cooperation of Birkenfeld, U.S. prosecutors have been able to penetrate the veil that seems the Swiss financial watchdog as a national treasure.
Immediately to avoid prosecution, UBS, the Swiss second largest bank by stock market value, behind the Credit Suisse Group AG, agreed on Feb. 18 to pay U.S. $ 780 million.
It renewed the pledge to stop the unlicensed recruiting customers in the U.S. and agree to cooperate with investigators during the 18 months of probation. Bank of America recognizes that the court has helped clients dodge taxes 2000-2007.
52,000 UBS Account
Bank to be more information about more than 250 customers - which has never occurred in violation of Switzerland's secret stronghold. The U.S. Internal Revenue Service is suing UBS in federal court in Miami to get the United States 52,000 customers who have the laws U.S. tax break.
UBS is fighting back. The Bank said on April 30 court filings that the U.S. effort will force the Swiss bank employee in violation of criminal law barring disclosure of confidential account information. Swiss government says the U.S. is trampling on the sovereignty.
If the bank failed to convince a federal judge should not reverse the name to the IRS, the court can apply for UBS civil humiliated. In the Department of Justice, under the deferred-prosecution agreement, may seek criminal charges from the bank, said lawyer Robert Fink's tax Kostelanetz & Fink LLP in New York.
'They're Totally Whipsawed'
An indictment of the bank can be shut off if the customers doubt their stability.
"That could be the most dangerous of all UBS," said Fink, who represented 200 companies UBS clients. "UBS is on the road to destruction in the U.S. They're totally whipsawed. If they are indicted, they will be convicted. Finally, they will lose their banking license."
Fink said the global financial meltdown in the past 18 months to save UBS in May. "The U.S. government said in May we can not put the bank's main business," he said.
UBS is the battle to avoid prosecution and to protect the confidentiality of the bank is another challenge for the Chief Executive Officer Oswald Gruebel, a former head of Credit Suisse, UBS is taking over in February. Crushed by subprime-debt losses, UBS posted a loss $ 16.8 billion for 2008, the largest ever by a Swiss company.
The Bank has announced more than 18,500 job cuts in the past 18 months and has amassed more than $ 50 billion in writedowns and losses since 2007, most of the faltering U.S. mortgage debt. On 5 May, the bank announced a first quarter loss of $ 1.75 billion.
'Biggest Ever'
Since April 2, prosecutors have charged two UBS clients in Florida with filing false tax returns. UBS hundreds of clients in the United States may face prosecution, said Edward Robbins Jr., a Beverly Hills, California, lawyer who represented Olenicoff tax.
"This may be the biggest tax because the criminal investigation had involved the dollar combined with a number of criminal defendants, either in the United States and UBS account level," he said.
U.S. prosecutors say UBS $ 200 million a year to manage $ 20 billion in assets for United States customers. Birkenfeld, a neurosurgeon working children in Switzerland for three international bank, working with prosecutors and Senate investigators in the U.S. road map laying out how courted clients such as UBS Olenicoff.
'Is this a Massive Machine'
"This is a great engine," Birkenfeld to Senate investigators on Oct. 11, 2007. UBS banker said crisscrossed the U.S. - without the necessary license from the Securities and Exchange Commission - to look for rich American consumers.
"You may go to car shows, wine tastings," says Birkenfeld. "You may be related to real estate agents. You may be dealing with attorneys. It's really: How do the rich people hang out? Go and talk to them."
Some 60 UBS private bankers trolled for clients at UBS-sponsored art shows, yachting regattas, and golf and tennis tournaments, Birkenfeld said.
He toted a number of bank check customers in Europe and buy a diamond for a client, smuggling them to the U.S. in a toothpaste tube, he said in a conspiracy to guilty in federal court in Fort Lauderdale, Florida, in June 2008.
With the act as Couriers, UBS bankers that allows clients to evade U.S. surveillance system reviews a large transfer of money. That the program is intended to prevent fraud, money laundering and terrorist funds by the movement.
Laptop encryption
Such transactions often trigger the filing of a so-called suspicious activity reports financial Department. Sign of the people can request an investigation into the source of money.
The Bank has many schemes to avoid getting caught by U.S. regulators, Birkenfeld to the Senate investigators. UBS bankers brought a laptop computer is encrypted, the Swiss bank and train its staff to avoid detection by U.S. authorities.
Bankers who falsely said that they are in the habit of traveling for pleasure, not business, and told clients to destroy notes that offshore can be bound to UBS, Birkenfeld said in pleading guilty.
"Very few people would imagine the level of involvement of UBS bankers and executives," said Josh Ungerman, tax lawyer at the Meadows, Collier, Reed, Cousins & Blau LLP in Dallas. "It's almost unbelievable that a major bank in the world who is also respected akan have employees who are involved in the type of behavior."
to find more just visit : www.bloomberg.com
Olenicoff, a real estate developer with a taste for yachts and art of Russia, see the floor the floor safe-deposit box. His private banker, Bradley Birkenfeld, and colleagues show Olenicoff own room for valuables.
"They said, 'What you want - the company stock, cash, gold, silver - put it here," said Olenicoff, 66, in Newport Beach, California, headquarters of Olen Properties Corp., a company founded in 1973. "That's the aura of legitimacy and confidential. They said, 'We the world's largest wealth manager,' so what question?"
Birkenfeld, 44, has spent years wooing Olenicoff, he visited the house in Laguna Beach, California, and Lighthouse Point, Florida; resources on the 147-foot (45 meter) yacht to the Mayan ruins of honduras, and are on the Cessna Citation II jet .
Four years later, men who admitted felons. Since December 2007, and billionaire banker has pleaded guilty tax crimes.
The court case opened the door normally reticent dummy companies in the world, and offshore financial havens phony filings rich American who used to avoid paying U.S. taxes. President Barack Obama has proposed to end tax breaks such as the US-based multinational corporations and individuals in a decade.
'Liability Citizenship'
"Most of the United States meet their obligations because of their sense of civic duty," said Obama on May 4. "But there are other people that they are shirking. We should not let some people dodge their responsibilities, while the United States usually take the slack. Unfortunately, from what we do."
Birkenfeld Olenicoff and that the cases come amid widening U.S. crackdown on foreign companies that rich food to the United States. U.S. Senator Carl Levin, a Michigan Democrat, the estimated cost in the tax that has not paid U.S. Treasury is $ 100 billion a year.
Olenicoff with evidence from the case and the cooperation of Birkenfeld, U.S. prosecutors have been able to penetrate the veil that seems the Swiss financial watchdog as a national treasure.
Immediately to avoid prosecution, UBS, the Swiss second largest bank by stock market value, behind the Credit Suisse Group AG, agreed on Feb. 18 to pay U.S. $ 780 million.
It renewed the pledge to stop the unlicensed recruiting customers in the U.S. and agree to cooperate with investigators during the 18 months of probation. Bank of America recognizes that the court has helped clients dodge taxes 2000-2007.
52,000 UBS Account
Bank to be more information about more than 250 customers - which has never occurred in violation of Switzerland's secret stronghold. The U.S. Internal Revenue Service is suing UBS in federal court in Miami to get the United States 52,000 customers who have the laws U.S. tax break.
UBS is fighting back. The Bank said on April 30 court filings that the U.S. effort will force the Swiss bank employee in violation of criminal law barring disclosure of confidential account information. Swiss government says the U.S. is trampling on the sovereignty.
If the bank failed to convince a federal judge should not reverse the name to the IRS, the court can apply for UBS civil humiliated. In the Department of Justice, under the deferred-prosecution agreement, may seek criminal charges from the bank, said lawyer Robert Fink's tax Kostelanetz & Fink LLP in New York.
'They're Totally Whipsawed'
An indictment of the bank can be shut off if the customers doubt their stability.
"That could be the most dangerous of all UBS," said Fink, who represented 200 companies UBS clients. "UBS is on the road to destruction in the U.S. They're totally whipsawed. If they are indicted, they will be convicted. Finally, they will lose their banking license."
Fink said the global financial meltdown in the past 18 months to save UBS in May. "The U.S. government said in May we can not put the bank's main business," he said.
UBS is the battle to avoid prosecution and to protect the confidentiality of the bank is another challenge for the Chief Executive Officer Oswald Gruebel, a former head of Credit Suisse, UBS is taking over in February. Crushed by subprime-debt losses, UBS posted a loss $ 16.8 billion for 2008, the largest ever by a Swiss company.
The Bank has announced more than 18,500 job cuts in the past 18 months and has amassed more than $ 50 billion in writedowns and losses since 2007, most of the faltering U.S. mortgage debt. On 5 May, the bank announced a first quarter loss of $ 1.75 billion.
'Biggest Ever'
Since April 2, prosecutors have charged two UBS clients in Florida with filing false tax returns. UBS hundreds of clients in the United States may face prosecution, said Edward Robbins Jr., a Beverly Hills, California, lawyer who represented Olenicoff tax.
"This may be the biggest tax because the criminal investigation had involved the dollar combined with a number of criminal defendants, either in the United States and UBS account level," he said.
U.S. prosecutors say UBS $ 200 million a year to manage $ 20 billion in assets for United States customers. Birkenfeld, a neurosurgeon working children in Switzerland for three international bank, working with prosecutors and Senate investigators in the U.S. road map laying out how courted clients such as UBS Olenicoff.
'Is this a Massive Machine'
"This is a great engine," Birkenfeld to Senate investigators on Oct. 11, 2007. UBS banker said crisscrossed the U.S. - without the necessary license from the Securities and Exchange Commission - to look for rich American consumers.
"You may go to car shows, wine tastings," says Birkenfeld. "You may be related to real estate agents. You may be dealing with attorneys. It's really: How do the rich people hang out? Go and talk to them."
Some 60 UBS private bankers trolled for clients at UBS-sponsored art shows, yachting regattas, and golf and tennis tournaments, Birkenfeld said.
He toted a number of bank check customers in Europe and buy a diamond for a client, smuggling them to the U.S. in a toothpaste tube, he said in a conspiracy to guilty in federal court in Fort Lauderdale, Florida, in June 2008.
With the act as Couriers, UBS bankers that allows clients to evade U.S. surveillance system reviews a large transfer of money. That the program is intended to prevent fraud, money laundering and terrorist funds by the movement.
Laptop encryption
Such transactions often trigger the filing of a so-called suspicious activity reports financial Department. Sign of the people can request an investigation into the source of money.
The Bank has many schemes to avoid getting caught by U.S. regulators, Birkenfeld to the Senate investigators. UBS bankers brought a laptop computer is encrypted, the Swiss bank and train its staff to avoid detection by U.S. authorities.
Bankers who falsely said that they are in the habit of traveling for pleasure, not business, and told clients to destroy notes that offshore can be bound to UBS, Birkenfeld said in pleading guilty.
"Very few people would imagine the level of involvement of UBS bankers and executives," said Josh Ungerman, tax lawyer at the Meadows, Collier, Reed, Cousins & Blau LLP in Dallas. "It's almost unbelievable that a major bank in the world who is also respected akan have employees who are involved in the type of behavior."
to find more just visit : www.bloomberg.com
Saturday, June 6, 2009
Golden Eagle Reports Temporary Suspension of Roasters at Jerritt Canyon Gold Mill
Golden Eagle International, Inc. (OTCBB: MYNG) today reported that through processing ore roasters at Jerritt Canyon gold mill temporarily suspended because of a delay in the installation of necessary equipment control mercury emissions. Nevada Division of Environmental Protection (NDEP) issued the order on 25 March 2009 that allows U.S. Queenstake Resources, Inc. (Queenstake), who owned subsidiary of Yukon-Nevada Gold Corp. (YNG), to restart the operation of processing ore through roasters in Jerritt Canyon mill on the condition that a new state-of-the-art mercury emissions control systems will be installed by 30 May 2009. According Queenstake, certain delays in making fiberglass ductwork cause a delay in the installation of emission control systems and materials must be submitted in place in the near future.
The State of Nevada released a public statement on June 1, 2009 that "Queenstake has been entirely successful with the other requirements per operating NDEP Order 2009-4" (the order authorizing operation at Jerritt Canyon mill in March 2009).
Golden Eagle's Crews have been on-site in Jerrit Canyon mill since mid-September 2008 to provide maintenance and environmental compliance operations pending the restart of the mill on 25 March 2009. The Company currently has 82 employees in the Jerritt Canyon mill, including Chief Operating Officer, Blane W. Wilson.
Golden Eagle International, Inc. is a gold and copper exploration, milling and mining company headquartered in Salt Lake City, Utah, with offices in Elko, Nevada and Santa Cruz, Bolivia. Company in the last effort of the Agreement with the U.S. Queenstake Resources, Inc. (a subsidiary of Yukon-Nevada Gold Corp.) for the operation of the Jerritt Canyon 4000 tpd CIL gold mill. In addition, Golden Eagle worked to maximize the potential of the Gold Bar 4,000 tpd CIP gold mill located in Eureka, Nevada through a joint venture, toll improve rules or potential merger. The company is also maintaining and C Zone gold mine in eastern and mill Bolivia's Precambrian Shield, as well as buen Futuro A Zone gold and copper project, while in a dormant status.
The Company recommends that you review and disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found on the website: www.geii.com.
The State of Nevada released a public statement on June 1, 2009 that "Queenstake has been entirely successful with the other requirements per operating NDEP Order 2009-4" (the order authorizing operation at Jerritt Canyon mill in March 2009).
Golden Eagle's Crews have been on-site in Jerrit Canyon mill since mid-September 2008 to provide maintenance and environmental compliance operations pending the restart of the mill on 25 March 2009. The Company currently has 82 employees in the Jerritt Canyon mill, including Chief Operating Officer, Blane W. Wilson.
Golden Eagle International, Inc. is a gold and copper exploration, milling and mining company headquartered in Salt Lake City, Utah, with offices in Elko, Nevada and Santa Cruz, Bolivia. Company in the last effort of the Agreement with the U.S. Queenstake Resources, Inc. (a subsidiary of Yukon-Nevada Gold Corp.) for the operation of the Jerritt Canyon 4000 tpd CIL gold mill. In addition, Golden Eagle worked to maximize the potential of the Gold Bar 4,000 tpd CIP gold mill located in Eureka, Nevada through a joint venture, toll improve rules or potential merger. The company is also maintaining and C Zone gold mine in eastern and mill Bolivia's Precambrian Shield, as well as buen Futuro A Zone gold and copper project, while in a dormant status.
The Company recommends that you review and disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found on the website: www.geii.com.
UC Hub Group Signs Binding Agreement for Gold and Royal American Sapphire Property
UC Hub Group, Inc. (OTCBB: UCHB) announces the signing of a binding contract to handle the sapphire and gold mine in Montana. UC Hub equipment that has been moved to the property and will be used for mining the Gold 100 plus acres. There will be two integrated washing plant on this property. The UC Hub washing plant will focus on gold mining in the property that has been projected to be the center of significant revenue for the company. The gold mining operation which is projected to produce and the way to around $ 500,000 or more a month after the plant is on schedule for a season full of mining and may be more significant with the increasing volume and double shifts. The Company projects that the cubic yard per 100 Acre this site may be 10-20 years, depending on the depth and layers of gold and sapphires.
Royal Sapphire American market is very valuable gem in the exciting properties and management believes that some of the Royal Sapphires akan United States has significantly more value than gold. Sapphires are mined akan in parallel with 2. Wash Plant. Management has been tested with both sapphire and gold production with a small sample of 1.5 yards and produced 20 plus gold and sapphires. The size and volume of the Royal American Sapphire on this property was reported and is projected to be 1,000 s of carats per Acre and significant compared with the most opportunities sapphire mining anywhere in the United States. Reports last production in this region represents more than 5,000 troy ounces of gold and more than 900,000 carats of sapphires per year. Production was back in the 1940s, and they stopped production after the war has ended. Sapphires from 1 carat (.2 g) quality gem that can be cut $ 1,600 or more. Sapphires can also be only U.S. $ 1 a carat in some cases depending on the clarity and size. However, the Company will still be careful with this ganda merger market potential and actual production of the report until the start of this month.
With two potential revenue centers, and two washing plants, the company is very excited about Gold mining, American Royal Sapphires and other materials on this property rich. Some parties may not believe in the sapphires so we have gold, and those who do not believe we have the golden sapphires. The Company believes that this opportunity ganda with dual mining washing plant is the key to success is very timely. Projection that in 10 to 20 years with a combination of a revenue stream contingent upon actual production must be completed to the value of UC Hub and harshest critic. We will provide further updates as soon as the integration of the existing equipment on the site and other goods sent and completed in June. Management is very excited to bring the income from the two center gold and sapphires to longstanding UC Hub shares that have been very patient and trust.
Royal Sapphire American market is very valuable gem in the exciting properties and management believes that some of the Royal Sapphires akan United States has significantly more value than gold. Sapphires are mined akan in parallel with 2. Wash Plant. Management has been tested with both sapphire and gold production with a small sample of 1.5 yards and produced 20 plus gold and sapphires. The size and volume of the Royal American Sapphire on this property was reported and is projected to be 1,000 s of carats per Acre and significant compared with the most opportunities sapphire mining anywhere in the United States. Reports last production in this region represents more than 5,000 troy ounces of gold and more than 900,000 carats of sapphires per year. Production was back in the 1940s, and they stopped production after the war has ended. Sapphires from 1 carat (.2 g) quality gem that can be cut $ 1,600 or more. Sapphires can also be only U.S. $ 1 a carat in some cases depending on the clarity and size. However, the Company will still be careful with this ganda merger market potential and actual production of the report until the start of this month.
With two potential revenue centers, and two washing plants, the company is very excited about Gold mining, American Royal Sapphires and other materials on this property rich. Some parties may not believe in the sapphires so we have gold, and those who do not believe we have the golden sapphires. The Company believes that this opportunity ganda with dual mining washing plant is the key to success is very timely. Projection that in 10 to 20 years with a combination of a revenue stream contingent upon actual production must be completed to the value of UC Hub and harshest critic. We will provide further updates as soon as the integration of the existing equipment on the site and other goods sent and completed in June. Management is very excited to bring the income from the two center gold and sapphires to longstanding UC Hub shares that have been very patient and trust.
Friday, June 5, 2009
West Australian Metals Limited drilling results
The announcement is more than 29 May 2009, international uranium company in Western Australia Metals Limited (ASX: WME) was pleased that secured the leading AIM-listed international mining and exploration group Polo Resources Limited (AIM: PRL) as a primary investor in the previously announced $ 9.9 million share placement.
Polo Resources akan subscribe for 49.65 million shares (and attaching options) under the placement, which will involve the issue of a total of 82.6 million shares at the issue price of $ 0.12 each with an attaching option exercisable at $ 0.25 June 30 2011 for each two shares issued. The balance of the placement must be subscribed to by institutional investors or sophisticated. Once completed the placement akan Polo Resources has approximately 11.95% of shares on issue.
Polo currently has 9.08% in the Extract Resources Limited, operator of Rossing South uranium discovery in Namibia (located near the WME's Project Marenica) was included in the register to obtain the agreement of up to 19.9% of A-Cap Resources, which are Letlhakane develop a uranium project in Botswana, and has a 8.93% interest in the Berkeley Resources, a leading uranium explorer and developer in Spain.
Mr. Paul Ingram, Director of Polo Resources Limited, will join the Board of the Company on the completion of the placement.
Mr. Ingram is a geologist with wide experience in managing major programs for a number of mineral exploration company publicly listed. He has been designing and implementing innovative techniques for exploration in remote areas, and have a project that is managed in Australia and all Asian countries east. Mr. Ingram has been involved in mineral exploration and development for more than 30 years. He was previously Managing Director of Menzies Gold Ltd and Exploration Director of Caledon Resources PLC.to find more just visit : www.mineweb.co.za
Polo Resources akan subscribe for 49.65 million shares (and attaching options) under the placement, which will involve the issue of a total of 82.6 million shares at the issue price of $ 0.12 each with an attaching option exercisable at $ 0.25 June 30 2011 for each two shares issued. The balance of the placement must be subscribed to by institutional investors or sophisticated. Once completed the placement akan Polo Resources has approximately 11.95% of shares on issue.
Polo currently has 9.08% in the Extract Resources Limited, operator of Rossing South uranium discovery in Namibia (located near the WME's Project Marenica) was included in the register to obtain the agreement of up to 19.9% of A-Cap Resources, which are Letlhakane develop a uranium project in Botswana, and has a 8.93% interest in the Berkeley Resources, a leading uranium explorer and developer in Spain.
Mr. Paul Ingram, Director of Polo Resources Limited, will join the Board of the Company on the completion of the placement.
Mr. Ingram is a geologist with wide experience in managing major programs for a number of mineral exploration company publicly listed. He has been designing and implementing innovative techniques for exploration in remote areas, and have a project that is managed in Australia and all Asian countries east. Mr. Ingram has been involved in mineral exploration and development for more than 30 years. He was previously Managing Director of Menzies Gold Ltd and Exploration Director of Caledon Resources PLC.to find more just visit : www.mineweb.co.za
Lake Victoria Mining Company Completes a Binding
Lake Victoria Mining Company, Inc. ( "LVCA") (OTCBB: LVCA) and Kilimanjaro Mining Company Inc. ( "Kilimanjaro"), a private U.S. company, which announced that they are happy to have entered into a Binding Letter Agreement (the "bla") akan LVCA where to obtain one hundred percent in Kilimanjaro in accordance with the implementation of the definitive share exchange agreement (the "Definitive Agreement").
Kilimanjaro is to explore and develop gold, uranium and strategic metal resources in Tanzania, East Africa. Kilimanjaro complete new Property Acquisition Agreement with Geo Can Resources Company Limited ( "Geo Can") of the United Republic of Tanzania. According to the provisions of the Agreement Kilimanjaro acquired 100% of the mineral asset owned by Geo Can. The acquisition includes nine separate gold project area which consists of more than 40 unique search license separate uranium and six project areas that consist of more than 14 unique license search.
According to the provisions of the bla, with 1 July 2009, LVCA Kilimanjaro and completed the Share Exchange Agreement (the "Definitive Agreement") which LVCA akan problems, limited LVCA common stock in exchange of new and / or the Kilimanjaro common stock. The exact number of shares that will be published LVCA Kilimanjaro to shareholders and stock exchange ratio will be determined by the Exchange Schedule Accepted in bla.
Agreement that the property has been entered into with Geo Can LVCA (Indonesia) and the commitment associated with this agreement will include certain Agreement between LVCA and Kilimanjaro.
After the implementation of the Agreement is for sure, will return to Kilimanjaro LVCA total 9,350,300 LVCA shares will be canceled and LVCA stocks caused by the Geo Can not issued but will be forgiven.
Dr. Roger A. Newell, LVCA President, commented, "a Binding Letter Agreement with the Kilimanjaro represents a big step for both companies and will provide an opportunity to capitalize on the mineral wealth of Indonesia. I believe we add significant value and benefit for the combination of both shareholders and LVCA Kilimanjaro, and I looked forward to completing the Agreement on the date that early. "
Closing will be subject to several conditions, including both parties mutually agreed to end certain Agreement executed public that includes bla this is by 1 July 2009 and satisfaction of the terms and conditions that will set in; agreement by Kilimanjaro and LVCA schedule agreed to share exchange ratio; complete all necessary legal, financial and technical due diligence review and the receipt of all necessary approvals and agreements, including the board, the rules and approval of its shareholders; obtain approval, with signature, a certain percentage of the Agreement by a majority (more than 50%) of the shareholders Kilimanjaro .
to find more just visit : www.beerle.com
Kilimanjaro is to explore and develop gold, uranium and strategic metal resources in Tanzania, East Africa. Kilimanjaro complete new Property Acquisition Agreement with Geo Can Resources Company Limited ( "Geo Can") of the United Republic of Tanzania. According to the provisions of the Agreement Kilimanjaro acquired 100% of the mineral asset owned by Geo Can. The acquisition includes nine separate gold project area which consists of more than 40 unique search license separate uranium and six project areas that consist of more than 14 unique license search.
According to the provisions of the bla, with 1 July 2009, LVCA Kilimanjaro and completed the Share Exchange Agreement (the "Definitive Agreement") which LVCA akan problems, limited LVCA common stock in exchange of new and / or the Kilimanjaro common stock. The exact number of shares that will be published LVCA Kilimanjaro to shareholders and stock exchange ratio will be determined by the Exchange Schedule Accepted in bla.
Agreement that the property has been entered into with Geo Can LVCA (Indonesia) and the commitment associated with this agreement will include certain Agreement between LVCA and Kilimanjaro.
After the implementation of the Agreement is for sure, will return to Kilimanjaro LVCA total 9,350,300 LVCA shares will be canceled and LVCA stocks caused by the Geo Can not issued but will be forgiven.
Dr. Roger A. Newell, LVCA President, commented, "a Binding Letter Agreement with the Kilimanjaro represents a big step for both companies and will provide an opportunity to capitalize on the mineral wealth of Indonesia. I believe we add significant value and benefit for the combination of both shareholders and LVCA Kilimanjaro, and I looked forward to completing the Agreement on the date that early. "
Closing will be subject to several conditions, including both parties mutually agreed to end certain Agreement executed public that includes bla this is by 1 July 2009 and satisfaction of the terms and conditions that will set in; agreement by Kilimanjaro and LVCA schedule agreed to share exchange ratio; complete all necessary legal, financial and technical due diligence review and the receipt of all necessary approvals and agreements, including the board, the rules and approval of its shareholders; obtain approval, with signature, a certain percentage of the Agreement by a majority (more than 50%) of the shareholders Kilimanjaro .
to find more just visit : www.beerle.com
Molycor Gold Corp.: New Gold Mineralization
Molycor Gold Corp. (TSX Venture: Mor) (PINK Sheets: MLYFF) (Frankfurt: M1V) (the "Company") is pleased to report the discovery of 3 new zones of gold / silver mineralization at the Davis Property. Outcrop chip samples in the Central Zone assayed 14 g / t gold, 13.8 g / t silver and 0.5m channel sample assayed in the Zone Atwood 1.9 g / t gold and 674 g / t silver, and take samples in the zone assayed 12 Butler , 9 g / t gold and 416 g / t silver.
Davis is the property 100% owned by Molycor and is located 13 km south of Gabbs, Nevada.
Exploration has been going on since the fall of 2007 consisting of geological mapping, together with rock chip and soil geochemical sampling program has identified a total of 6 mineralized gold / silver anomalies.
The Davis Zone is 400 meters (1,200 feet) long outcropping silicified zone parallel to clearly outcropping rhyolite dike. Gold and silver epithermal veins occur in the drilled by U.S. Mining and smelting Co (USSRAM) from 1974 to 2004. A summary of property, written summary of the results for USSRAM them, the materials were reported significant average 0.11 ounces / ton gold in six of the eleven holes in the Davis Mine. Molycor drilled seven diamond (HQ core) drill hole total 2948 feet to test for mineralized extensions along strike to the north and south and also to test the mineralization up dip from the zone known. The value of gold and silver re-highs of 3.53 g / t (0.105 choose) more than 4.3 meters gold and silver more than 11.8 select 1.3 meters (see news release dated November 24, 2008). A step of the drilling program south along strike and depth of focus will be on expanding the zone where the vein is believed to be condensed.
Central Zone epithermal vein is a target type of hosting gold and silver mineralization is located between the Davis vein miner Dan Butler. Exposed on the surface, the zone has a strike length of 900 meters and contains a wide zone of sub-parallel veins of quartz and brecciated quartz trend N60W to N80W and dipping steeply to the south. Gold up to 14 g / t silver and up to 305 g / t occurs in veins as wide as 1.0 to 1.5 meters in the zone. Junction described in this vein that the new system known as the Davis vein may create permeability and porosity to form a larger mineralized zone at depth.to find more just visit : www.beerle.com
Davis is the property 100% owned by Molycor and is located 13 km south of Gabbs, Nevada.
Exploration has been going on since the fall of 2007 consisting of geological mapping, together with rock chip and soil geochemical sampling program has identified a total of 6 mineralized gold / silver anomalies.
The Davis Zone is 400 meters (1,200 feet) long outcropping silicified zone parallel to clearly outcropping rhyolite dike. Gold and silver epithermal veins occur in the drilled by U.S. Mining and smelting Co (USSRAM) from 1974 to 2004. A summary of property, written summary of the results for USSRAM them, the materials were reported significant average 0.11 ounces / ton gold in six of the eleven holes in the Davis Mine. Molycor drilled seven diamond (HQ core) drill hole total 2948 feet to test for mineralized extensions along strike to the north and south and also to test the mineralization up dip from the zone known. The value of gold and silver re-highs of 3.53 g / t (0.105 choose) more than 4.3 meters gold and silver more than 11.8 select 1.3 meters (see news release dated November 24, 2008). A step of the drilling program south along strike and depth of focus will be on expanding the zone where the vein is believed to be condensed.
Central Zone epithermal vein is a target type of hosting gold and silver mineralization is located between the Davis vein miner Dan Butler. Exposed on the surface, the zone has a strike length of 900 meters and contains a wide zone of sub-parallel veins of quartz and brecciated quartz trend N60W to N80W and dipping steeply to the south. Gold up to 14 g / t silver and up to 305 g / t occurs in veins as wide as 1.0 to 1.5 meters in the zone. Junction described in this vein that the new system known as the Davis vein may create permeability and porosity to form a larger mineralized zone at depth.to find more just visit : www.beerle.com
Thursday, June 4, 2009
Protect area from 'benign' uranium mining
While reading the section on mining rules and push to open a uranium mining along the Dolores River (Herald, 30 May), we are affected by comments from Stuart Sanderson, spokesman for the Colorado Mining Association, that "uranium mining is relatively fertile."
Katie Ogier - The Wells Group
custom residential construction
Colorado mountains and a lot of people who suffer "tame" before mining practices. Apart form the obvious concern about mining near the beautiful gold-medal fishing from Dolores, here are some other facts to consider:
Uranium mining, using various technologies, produce large quantities of polluted water that is pumped out of the mine site and usually end up in the land; the production of radon gas Tailings (if any) and sulfuric acid, which is used as the leaching liquid. Trace amount of radioactivity at the top end of the stone from the grinding process, which is then dumped in or near the mill site. This is almost tame.
We urge the community to participate in the process of making regulations and pay careful attention to ensure that we are quite protected from such "benign" practices. Our future health and viability of the stake in the Dolores River.to find more just visit : www.durangoherald.com
Katie Ogier - The Wells Group
custom residential construction
Colorado mountains and a lot of people who suffer "tame" before mining practices. Apart form the obvious concern about mining near the beautiful gold-medal fishing from Dolores, here are some other facts to consider:
Uranium mining, using various technologies, produce large quantities of polluted water that is pumped out of the mine site and usually end up in the land; the production of radon gas Tailings (if any) and sulfuric acid, which is used as the leaching liquid. Trace amount of radioactivity at the top end of the stone from the grinding process, which is then dumped in or near the mill site. This is almost tame.
We urge the community to participate in the process of making regulations and pay careful attention to ensure that we are quite protected from such "benign" practices. Our future health and viability of the stake in the Dolores River.to find more just visit : www.durangoherald.com
Yellow jacket Completes Mill Modifications, Commences Bulk-Sample Production, Atlin, B.C.
Eagle Plains Resources Ltd. (EPL: TSX-V) and the Prize Mining Corp. (PRZ: TSX-V) jointly announced that Yellowjacket Venture ( "JV Yellowjacket") has completed the modifications on the 350 ton per day mill at the Yellowjacket gold project, which located near Atlin, BC, and have begun processing of stockpiled material.
Processing stockpiled mineralized bulk sample material has been commenced under the Bulk Sample Permit exploration. After the rest of the bulk sample has been processed and Permit Act Mines acquired a new, full-scale bedrock mining and milling operations will begin.
The sample for the head and tail of the 2008 bulk sample processing is currently being analyzed by Acme Laboratories Ltd. in Vancouver and the results are expected in the next few days. During 2008, the average value of 9 g / t are re-calculated value of gold production is obtained from weighted mineralized block is processed. The Yellowjacket JV anticipates production of 35,000 tons during 2009. Once in place, the Small Mines Permit will allow for up to 75,000 tons of annual production.
Mr. Rino Mihoc, Supervisor Mill and Mine Manager in the previous Goldcorp Inc. 's lead the Golden Bear Mine mill commissioning work. Linda dandy, P. Geo., Mine Manager, is a "Qualified Person" for the purpose of National Instrument 43-101, who has been checked and verified the content of this news release.
A detailed history of the project and recently-updated photo gallery can be found here
About Eagle Plains Resources
Eagle Plains Resources plans to start gold production in the Yellowjacket project in mid 2009 and continues to do research, find and get the metal projects in western Canada. In addition to a royalty on mining projects, the Company controls over 35 gold, base metal and uranium projects, with several third parties including Waterloo Resources Ltd. (TSX-V: WAT.P), and XO Gold Resources Ltd. (a private BC company) . This Agreement expose Eagle Plains to $ 6.0 million in exploration expenditures over five years. In recent years, Eagle Plains completed option agreements with Teck Limited (TSX: TCK.B), Alexco Resource Corp. (TSX-V: AXR), Billiton Metals, Rio Algom Exploration, NovaGold Resources, Kennecott Exploration and numerous other junior exploration companies , so that more than 53,000 m (158,500) of drilling and over $ 27.0 million in exploration expenditures on the project since 1998.
Expenditure during 2008 on Eagle Plains' projects is approximately $ 6,000,000 was funded between Eagle Plains and third party partners. This work resulted in approximately 6300 m of drilling and land-based exploration and facilitate progress of various projects in various stages of development. In the year 2009, management anticipates approximately $ 1.0 million in exploration expenditures of funds between Eagle Plains and its partners.
This news release has been reviewed and approved by Tim J. Termuende, P. Geo., This is intended as a "Qualified Person" under National Instrument 43-101.to find more just visit : http://newsticker.welt.de/
Processing stockpiled mineralized bulk sample material has been commenced under the Bulk Sample Permit exploration. After the rest of the bulk sample has been processed and Permit Act Mines acquired a new, full-scale bedrock mining and milling operations will begin.
The sample for the head and tail of the 2008 bulk sample processing is currently being analyzed by Acme Laboratories Ltd. in Vancouver and the results are expected in the next few days. During 2008, the average value of 9 g / t are re-calculated value of gold production is obtained from weighted mineralized block is processed. The Yellowjacket JV anticipates production of 35,000 tons during 2009. Once in place, the Small Mines Permit will allow for up to 75,000 tons of annual production.
Mr. Rino Mihoc, Supervisor Mill and Mine Manager in the previous Goldcorp Inc. 's lead the Golden Bear Mine mill commissioning work. Linda dandy, P. Geo., Mine Manager, is a "Qualified Person" for the purpose of National Instrument 43-101, who has been checked and verified the content of this news release.
A detailed history of the project and recently-updated photo gallery can be found here
About Eagle Plains Resources
Eagle Plains Resources plans to start gold production in the Yellowjacket project in mid 2009 and continues to do research, find and get the metal projects in western Canada. In addition to a royalty on mining projects, the Company controls over 35 gold, base metal and uranium projects, with several third parties including Waterloo Resources Ltd. (TSX-V: WAT.P), and XO Gold Resources Ltd. (a private BC company) . This Agreement expose Eagle Plains to $ 6.0 million in exploration expenditures over five years. In recent years, Eagle Plains completed option agreements with Teck Limited (TSX: TCK.B), Alexco Resource Corp. (TSX-V: AXR), Billiton Metals, Rio Algom Exploration, NovaGold Resources, Kennecott Exploration and numerous other junior exploration companies , so that more than 53,000 m (158,500) of drilling and over $ 27.0 million in exploration expenditures on the project since 1998.
Expenditure during 2008 on Eagle Plains' projects is approximately $ 6,000,000 was funded between Eagle Plains and third party partners. This work resulted in approximately 6300 m of drilling and land-based exploration and facilitate progress of various projects in various stages of development. In the year 2009, management anticipates approximately $ 1.0 million in exploration expenditures of funds between Eagle Plains and its partners.
This news release has been reviewed and approved by Tim J. Termuende, P. Geo., This is intended as a "Qualified Person" under National Instrument 43-101.to find more just visit : http://newsticker.welt.de/
Patriot Gold Announces New Drilling Program at Moss Mine Project, Arizona
Las Vegas, June 4 / PRNewswire-FirstCall / - The board of Patriot Gold Corp. (OTC Bulletin Board: PGOL) has approved additional drilling program on the Moss Mine Project located in northwestern Arizona near the City of stupid. After considering both the initial drilling and metallurgical results from the project (see previous press release), the board has authorized a plan of exploration drilling fund more potential to increase resources in depth. Additional metallurgical test the proposed drilling will help determine minability of deposit. New resource calculation will be done once after drilling is completed.
A program of six or seven core holes planned to test the down dip extension of the vein system Moss. Total length of drilling is planned to 3000 feet. Drilling that will test about 2,000 feet long that attack blood vessel and is expected to take six to eight months to complete.
After all of the core is logged, and one-quarter of the core is assayed, the remaining three-quarter will be sent to the core column leach testing. A leach cycle length will be used to determine if the gold / silver recoveries continue to increase beyond 109 days before the test is done. Metallurgy A company will choose to do in the future.
Moss project, located in the Oatman District has a history of production of 2 million ounces of gold. Moss vein system that can be on the surface of the execution for more than a mile. Dipping 40-60 degrees to the south of the area, the calcite-quartz veins and stockworks being drilled as a bulk minable gold target by Patriot. More on Patriot's project and previous press releases can be found on the company's website, http://www.patriotgoldcorp.com.
A program of six or seven core holes planned to test the down dip extension of the vein system Moss. Total length of drilling is planned to 3000 feet. Drilling that will test about 2,000 feet long that attack blood vessel and is expected to take six to eight months to complete.
After all of the core is logged, and one-quarter of the core is assayed, the remaining three-quarter will be sent to the core column leach testing. A leach cycle length will be used to determine if the gold / silver recoveries continue to increase beyond 109 days before the test is done. Metallurgy A company will choose to do in the future.
Moss project, located in the Oatman District has a history of production of 2 million ounces of gold. Moss vein system that can be on the surface of the execution for more than a mile. Dipping 40-60 degrees to the south of the area, the calcite-quartz veins and stockworks being drilled as a bulk minable gold target by Patriot. More on Patriot's project and previous press releases can be found on the company's website, http://www.patriotgoldcorp.com.
Wednesday, June 3, 2009
Xemplar Energy interim financial statements
MD & A may contain statements and forward looking for information based on assumptions about the law and the management of the events or results that may prove to be inaccurate as a result of factors outside its control. Actual results may differ from the expected results really.
Business Description
Companies that incorporated on 12 January 1979 under the laws British Columbia. On 11 July,
2005, the Company changed its name from Consolidated Resources Limited Petroquin to Xemplar Energy Corp. as the focus of the business development of oil and gas properties to acquire, exploration and development of mineral properties. Company Its main objectives are to develop the mineral properties to the stage where they can be an operating profit.
Currently, the main focus of the Company's mining exploration and development in Indonesia, a mining-friendly country in South Africa, with the aim to find the uranium deposit. In addition to the exploration rights in Indonesia, the Company has some interest in the mineral holdings Corhill Property Property is located in the Otish and Northwest Territories of Canada and Quebec respectively. This property has to be extracted uranium deposit.
to find more just visit : www.mineweb.com
Check out our business diary to find out about conferences, workshops and trainings!
Glopac on the Frontiers of African Petroleum days, Jarch Capital's Phillipe Heilberg banked in South Sudan's quick to capitalise on the independence of the newly acquired assets. By Andrea Bohnstedt.
Bullish on the self -
He is a presentation that raised some eyebrows in the audience always good to do business in a difficult environment: Phillipe Heilberg have been invited to speak about investment opportunities in Sudan in the South African Petroleum Frontiers event organized by Global Pacific and Partners on 27 May 2009 in London . Capital is Jarch, Philippe Heilberg explains, companies that focus on natural resources - and investment in countries in which he anticipates' regime change '. He expects South Sudan to become independent in five years at least, may already have in the next two years, both as a result of voting to secede in a referendum scheduled for 2011, or through a unilateral declaration of independence. His prediction is international recognition, led by the United States, will follow quickly.
Thus, about her company's assets in this area will quickly gain value: According to Heilberg, Jarch has taken 50 years to lease 400,000 hectares in the United States - a major deal that was made in early 2009. Jarch also earned 70% stake in the LEAC, a company owned by Gabriel Matip, the eldest son of General Paulino Matip Nhial, now the Deputy Commander-in-Chief of the Sudan People's Liberation Army (SPLA) and the former head of South Sudan Defense Force ( SSDF). The latter is also a member of the local advisory council Jarch. Before joining the SPLA, Matip has struggled against the SPLA and the current regime.
Try and Tested Model?
The high price of food has triggered update on investment opportunities in commercial agriculture, and for all the infrastructure and political challenges, South Sudan has the potential for large-scale agricultural production. However, Heilberg not go into the specifics of the plans for investment in agriculture, adding that only companies that see the mineral prospects. Agriculture is not possible to end - or even between Jarch interest (and this will be a strange topic for the conference oil really). Heilberg mentioned that in the second stage, Jarch akan focus on hydrocarbons, but it will be the true motivation. South has managed to gain exemption from U.S. sanctions against Sudan for sectors such as agriculture and mining, but not for the hydrocarbons, thus claiming a pole in the hydrocarbons sector may require some acrobatics. In addition, while the U.S. Jarch Capital is a company, its subsidiaries, Jarch Management, is registered outside the U.S., making it easier to circumvent such restrictions.
Jarch's approach evokes the White Nile, an oil exploration company that have a strong foothold in the first B block license for Total, thanks to the company's relationship with former SPLA leader and first president of South Sudan, John Garang. According to the CPA, a license that can be discussed there, but not only are removed. The south side of the government's Total has been argued that their rights have been released because they were not active, while the claimed Total Force Majeure. In fact, had been placed Jarch claim to the same block, only to then nudged out by White Nile - and also lost a stake in it. Immediately after the Comprehensive Peace Agreement (CPA), White Nile-backer John Garang died in a helicopter crash, and today, after the long wrangles, the new block is operated by a consortium of Total readmits and include both in the north and south of the oil companies , and other foreign investors. Minister of State Mining and Energy Angelina Teny how Jany himself regretted White Nile cases have been developed since throws doubt on the enforceability contract. White Nile's example shows how fragile investment is supported by relationships with key figures in the local environment can be like South Sudan. In the case Heilberg, business partners such as Matip May was a gamble, given the history of fighting with the SPLA.
to find more just visit : www.ratio-magazine.com
St Andrew reports encouraging drill results
The Company recently completed a 10,300 meter surface drilling program on the Hislop Project located near Matheson, the company truck in the distance from the Holloway Mine project.
Some highlights from the drilling include 17.70 grams gold per tonne over 9.00 meters, 4.71 grams over 6.00 meters, 1.33 grams more than 10.50 meters, more than 1.71 grams of 22, 50 meters, more than 1.33 grams of 19.30 meters, more than 1.28 grams of 13.50 meters, 2.00 grams over 9.00 meters, 1.72 grams more than 23.50 meters, 6.50 grams over 5.00 meters, 9.91 grams over 6.00 meters, 7.06 grams more than 12 meters, more than 3.25 grams 6.30 grams over 9.41 meters 4.50 meters 1, 40 grams and more than 16.50 meters.
Results from this exploration program will be used to build and update the three-dimensional geological model that will be used as a basis to estimate the mineral resources in Hislop. Also an independent pre-feasibility study is expected to be completed at the end of the second quarter of 2009.
St Andrews Hislop said ore from the project that can add a feed mill near term from the underground production in the Holloway Mine. The mineralization characteristics in both the same location and can be processed in the Holt Mill.
Scott Wilson RPA telah bertugas untuk menyelesaikan Instrumen Nasional 43-101 memenuhi pra-studi kelayakan proyek dari Hislop.
"We are very pleased to have received the remaining assay results have outlined a continuous zone of gold mineralization near the surface," Andrew saidSt President and CEO Jacques Perron. "We are now in a position to accelerate the completion of pre-feasibility study and development of applicable Hislop.
Hislop project that has been mined many times since the last 1930s and mined in 1999-2000 and 2006-2007. During this period small open pit that was operated from 225,000 tons in the value of 3.14 grams per tonne gold have been mined and processed in the company previously owned Stock Mill.
St Andrew has a mining permit from the previous campaign with the amendments to the existing closure plan is in progress. And existing infrastructure consisting of access roads, the electricity, and lived in the pond water.
This site will be removed from the tree and the center has at least a burden that must be used to start mining is less difficult and less expensive from a similar project in other areas.to find more just visit : www.northernnews.ca
Tuesday, June 2, 2009
Nebu Resources Inc. Continues to Acquire Prospective Gold Projects in Ontario
Recent geophysical surveys in the air, combined with the geological observations and interpretation suggest that the west extension of the Casa-Berardi deformation zone ( "CBDZ") located in the Nebu staked a claim. Gold deposits in the operating Les-Mines Casa Berardi gold mine in CBDZ, about 30 km east of Burntbush Project. Current exploration interest in the potential to host additional CBDZ gold mineralization highlighted by the sale of 52 mining claims in Dieppe Township (Quebec) by Virginia Mines Inc. to Agnico Eagle Mines Limited for $ 1,000,000 (in common stock). These claims are located in the east and west from the property Nebu Les Mines Casa Berardi-round CBDZ.
Compilation of historical work will precede the assessment of employment. The first phase exploration program will start in August will feature geological, geochemical (including overburden drilling) and geophysical surveys, the estimated cost of $ 400,000.
G.A. Harron, P. Eng., People who qualify under the definition established by National Instrument 43-101 reviewed the technical information disclosed in this release about this project.
The Company also wishes to announce that it has Acquired through staking a 100% interest in three non-contiguous gold properties located in the Quest Lake Area in Northwestern Ontario.
Claim group, known as quill Lake, Hilltop Lake and Lake Princess Properties collectively cover an area of approximately 2000 hectares or 20 square kilometers and is located in the Sturgeon Lake area approximately 20 kilometers east of the past and produce Mattabi Lyon Lake VMS Deposit.
Property includes a gold bearing iron formation where the surface samples taken in 1991 by a re-search local values upto 8.4 grams per ton of grunerite (the iron-rich amphibole) bearing silicate iron formation containing a small amount of pyrrhotite and arsenopyrite.
Ashburton Acquires Bullion Hills
The 470 hectare (1162 Acre) is located about 240 kilometers (150 miles) northeast by road from Fairbanks, Alaska, in the history of Circle Mining district. Since discovery in 1893, the Circle district has produced more than one million ounces of placer gold creeks and rivers. The Hills are drained by bullion Ketchum Creek, Portage Creek Bottom Dollar Creek and all that history has recorded placer gold production.
Bullion Hills is proximal, the gold-related properties. Mid-Cretaceous Tombstone Suite granite intrudes Paleozoic Yukon-Tanana Terrane metasediments (schists, quartzites and gniesses). Gold mineralization is hosted in low sulfide quartz veins and quartz veinlet stockworks cut in error and the second zone in the granite (similar to the Kinross Fort Knox deposit) and metasediments (similar to the Sumitomo's Pogo). Bullion Hills geologic have some similarities with the discovery of gold layer (spatial association for gold placers and mid-to late cretaceous intrusions) by Underworld Resources (TSX Venture: UW) on the White Gold Project to be announced 26 May 2009. White gold that is located in the Tintina Gold Belt of the Yukon, Canada, and is also the source of placer gold-bearing stream draining from it.
TSX up approval Ashburton Ventures will soon launch a "Phase 1" drilling program is approximately 620 meters (2,000 feet) of HQ core. Drilling expected to commence in mid-June. Property fully authorized to drill and drilling has signed a contract with the Altar Drilling Inc.
Drill targets have been selected based on the history of the surface geochemical sampling results. The main goal that is designed to test the "Two Bit Granitic Pluton" on the affected property. Chip sampling in the 11 meters (36 feet) of exposed bedrock returned 1.05 grams per ton Au, including three (3) meters of 2.54 grams per ton Au. Coarse visible gold can be panned from pulverized quartz veinlets in granite and the intrusion of the remaining land rough (Grus) lie directly above the intrusion. Secondary target high-grade quartz veins and stockworks in metasediments. Surface samples of debris and float have returned gold values up to 0.934 ounces per ton.
Ashburton believe that there is potential in the Hills bullion to the invention of both large tonnage, intrusion-hosted gold deposits similar to the Kinross Fort Knox gold deposit in Fairbanks, or the type of high-grade layer of gold deposits similar to the Sumitomo's Pogo deposit.
Terms of the deal call for payment in cash cumulative total $ 245,000 USD, 220,000 common shares of Ashburton plus 2.5% NSR which can be purchased by under 1% to $ 1,000,000.
Cassidy Proposes Financing and 1 for 3 Share Consolidation
Cassidy Gold Corp. (the "Company") (TSX Venture: CDY) has arranged a non-brokered private placement of up to 20,000,000 units with prices $ 0.05 per unit for aggregate results of up to $ 1,000,000.
Each unit will consist of one part of the company and one non-transferable share purchase warrant, each warrant entitling the holder to purchase additional common shares at a price $ 0.10 per share for a period of one year from the completion of the offer. Shares owned by placees, and shares that can be obtained on exercise of share purchase warrant, which will be continued during the four years plus one day from the date of completion of the financing in accordance with securities legislation. Finder's fee in the amount not yet determined can be paid to the person who introduced the company to investors. Results will be used for working capital, and forced polarization geophysical surveys and further drilling on the Company Kouroussa Gold Project, Guinea West Africa.
The Company also announced that after the completion of the above, it will apply, subject to regulatory approval and the shareholders, the consolidation of the issued common shares on the basis of 3 old shares for 1 new share. The Company intends to call a special meeting of shareholders on or about 30 July 2009 to obtain shareholder approval of the consolidation.
As disclosed in the Company news release of 18 February 2009, "Early Scoping Results for Cassidy Gold's Kouroussa Gold Project, Guinea, West Africa," Coffey Mining recommended more work focused on the discovery of additional "new" is. Permission has been extended, and wait for the completion of financing at this time, the project on care and maintenance.
Scoping studies have concluded that Kouroussa can produce an average of 79,000 ounces of gold per year with cash operating cost of $ 484 (U.S.) per ounce during the six years I lived.
This study proposes open-pit mining of a series of pits utilize contract miners. Ore will be processed through a conventional gravity-CIP (carbon-in-pulp) plant with a design capacity of one million tons per annum ( "Mtpa"). The average gold recovery is 94.5 percent and the strip ratio is 6.7:1. Initial capital cost for Kouroussa project which is estimated to be $ 97 million, with over $ 11 million is estimated to maintain the capital.
British bank among foreigners in $1.7b property deals
Investment in Foreign Office for weeks of discussion of the newly issued and they have shown interest in a foreign authorized to buy assets worth $ 11 billion from January to April.
The biggest deal is approved in April that involved assets worth $ 1.2 billion owned by Royal Bank of Scotland.
British Government approval to increase the stake in the bank and involved sensitive land has been registered as Takanini in 20ha, 68ha and 102ha at Hamilton International Airport in Rukuhia.
Australia Kenmill approval for the deal involving assets worth $ 17.5 million owned by Valad Funds Management of Australia and Valad Property Trust.
A $ 5 million thoroughbred handle also given permission. Australia GH Westbury applied to purchase the assets of New Zealand's mandate BGH and Michael Toloi sensitive and land involved in the deal is 85ha in Linwood Rd, Te hihi, Karaka.
Ireland's Premier Dairies are given permission to the $ 2.5 million transaction with Kiwi Timothy Wood to buy 56ha of land from agricultural susu Southland and $ 1 million deal to buy Evans Farms 32ha in the Southland.
But the amount of money involved in handling timeshare has been hushed up. Worldmark by Wyndham (NZ) from the U.S. is to buy Wanaka Resorts. OIO said Worldmark is a timeshare investment business and want to purchase sensitive land and redevelop the 38-Mt Aspiring Hotel, Wanaka.
US-owned Woollaston Estate Holdings got permission to buy 10ha at 513 Main Rd, Hope, in Nelson for $ 1 million. The vendor's new Zealander Phillip Woollaston.
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