Juniors aus Kanada

@Eldo

VYE hält sich prächtig, da hast Du recht. Wollte vor kurzem auch zugreifen, hab mich aber dann für Linear Gold entschieden.....tja hinterher ist man immer klüger.....zumindest derzeit...

Gruss

American Bonanza:
http://biz.yahoo.com/iw/060920/0165018.html

American Bonanza Reports 18.5 Grams Per Tonne Gold Over 1.6 Meters in a 1.3 Kilometer Long Zone at La Martiniere

Das ist in Quebec:
nebenbei sind sie wohl schielenden Auges bei den Bohrungen in Tonkin springs von US Gold.

http://www.americanbonanza.com/s/Home.asp

[Blockierte Grafik: http://www.americanbonanza.com/i/maps/goldbar/goldbar-location.jpg]

Former mine produced 527,000 ounces of gold grading 2.7 grams per tonne gold.
Structural intersection of Battle Mountain - Eureka Mineral Belt and Cortez Rift - a highly prospective structural location in central Nevada Gold Province.
Bonanza's drilling indicates the Millsite target is a significant gold deposit with most recent intercept of 24.6 meters grading 2.4 grams per tonne gold.
Millsite deposit remains open. Drilling planned for 2006.
High grade feeder faults have not been explored to depth or along strike - over 2 miles of prospective structure have been identified to date.

@edel,
ja hab sogar nachgekauft zu 0,38.

Gold Bar ist nur so einen Nebending, aber geologisch interessant als "Gebirgsvorland".

Zu La Martiniere:
Drilling at La Martiniere has established apparent host rock and structural controls to the gold mineralization and defined a stockwork system of silicification and quartz veining that contains albite, carbonate, and pyrite, with associated ankerite, fuchsite, and chlorite over a strike length of 1.3 kilometers and up to 100 meters down dip. This style of mineralization is similar to the Campbell Red Lake deposit where Goldcorp Inc. is currently mining gold at a rate of 600,000 ounces per year.
Brian Kirwin, President and Chief Executive Officer stated: "These impressive drill results continue to highlight the exploration success we are having at La Martiniere. As currently known, the gold mineralized zone is now over 1.3 kilometers long and at least 75 meters in dip extent. Only 32 holes have been drilled in the project to date with very encouraging results, and we are excited to resume drilling to extend the known system. La Martiniere may represent a new gold deposit along the Detour - Fenelon break in northern Quebec. This belt of mineralization may represent a new gold district, and we will continue to aggressively explore this area with the goal of discovering mineable gold deposits."

Muss man nicht haben, aber ich hab sehr viel Geduld hier.
Haben viel Cash und gehen sorgsam damit um, auch nicht alltäglich.

Grüße
tschonko

About La Martiniere

The Martiniere property is located 600 kilometers northwest of Montreal and consists of 226 unpatented crown mining claims covering approximately 3,000 hectares. Bonanza's Fenelon gold project is 30 kilometers to the east and the (plus two million ounce) Detour Lake gold mine is located 35 kilometers to the west. The Matagami poly-metallic mining district is located 75 kilometers east of La Martiniere on the Detour Lake-Fenelon Break. To view a map describing the drilling results announced, please visit http://www.americanbonanza.com…/martiniere_plan_map.gif.

Was ist eigentlich mit der CDU passiert, gibts die nich mehr?

@edel,
wolfden kapier ich nicht, was die da vorgehabt haben.
Außer: Ausgliedrung premier, um nicht als Ganzes übernommen zu werden.

Hommels top pick:
Promotion vor ein paar tagen zu OT Mining trug Früchte.
Bei dieser auch? Ivh wünsch es mir.
Properties in Nevada nicht in Idaho.

My Top Stock Pick
Silver Stock Report
by Jason Hommel, October 2, 2006

In nearly a year of diligent searching, and pouring through over 100 stock tips given to me by my faithful readers, I have found no stock better than this one, especially not at this share price:

Idaho General Mines (Symbol: GMO trading on the AMEX)
http://www.idahogeneralmines.com/
38.1 million shares issued and outstanding
57.8 million shares fully diluted
@ $2.00/share
$76.2 million market cap
$115.6 million market cap (fully diluted)

They have $37 Billion worth of proven and probable reserves.

For proven leverage of nearly 500 to one!

They also have a completed feasibility study (the plans to mine) indicating cash costs are about 11% of the value of the metal in the marketplace, for profits of about 900%. Interested?

It's better than I've indicated, of course, because they don't have $37 billion paper dollars in the ground that can go up in smoke, it's a mineral vital to world growth.

If this were a gold mine, the gold equivalent, at $600/oz. would be:
62 million ounces of gold in proven and probable reserves!
With a feasibility study indicating cash costs of $66/oz.!

This would be, by far, the largest gold mine in the world, with the lowest cash costs in the world. What an unbeatable, one-two combination punch!

If this were a silver mine, the silver equivalent, at $11.50/oz. would be:
3.2 billion ounces of silver in proven and probable reserves!
With a feasibility study indicating cash costs of $1.26/oz.!

That's over 3 times as many silver ounces as owned by either SSRI or PAAS, whose ounces are scattered among over 10-20 projects!

Now, would it really matter if GMO had gold or silver? No. Of course not, investors would bid up a company like that to well over $1-3 billion in market cap within months. At $3 billion, (counting fully diluted shares) that implies a stock price of $51/share! That's 26 times higher than the current $2/share!

But, actually, the mineral is not gold, neither is it silver, it's molybdenum (moly)!

The beauty of moly is that we don't have to wait for prices to skyrocket, because they already have, which has created this beautiful investment opportunity. Moly prices have risen over ten fold up to a high of $40/lb., and have recently bottomed out, and are back up again at $28.50/lb.!

The company has 1.3 billion pounds of moly in reserves. Cash costs are $3.15/lb. (11% of today's moly price of $28.50/lb.) The mine life is expected to be 53 years, and they plan to produce 35 million pounds of moly per year for the first 5 years.

The free market, which is the most efficient and most profitable economic system ever discovered, is based on allowing prices to freely move, as prices are the best indicator of telling us investors what the world wants and needs (and thus what to invest in).

If you believe in the efficiency of the free market at all, you should listen to what moly prices are saying, especially about the profitability of moly projects. Moly prices cannot be manipulated to the downside, as they are not traded on any futures exchange.

Moly prices have been above about $25/pound for nearly two years now, and are telling us to invest in a good moly project.

So, why does the stock remain so cheap? Several reasons.

First, it was just over two years ago, that this pre-drilled moly project, (drilled out years ago by Exxon Minerals) was acquired by this company, at a fire-sale low price from a private family who had been sitting on it for years. Second, I only began promoting this stock this year, in 2006.

Third, about 5 months ago, GMO completed a $30 million financing at $2/share, to help them get through the permitting stage. This stock placement recently came free trading, which has caused selling pressure back down to $2/share. Fourth, only about 6 weeks ago, GMO was listed on the AMEX.

GMO has proven to be the undisputed leader of the world's moly projects, with the lowest cash costs in feasibility, with the highest grades of moly of the big open pittable projects, with the most moly produced per year, with the lowest relative capital costs to construct the mine. At current moly prices, capital costs of $415 million could be paid back in 6 months (after permitting and mine construction)!

If GMO produces 33 million pounds of moly at $28.5/lb., at cash costs of $3.15/lb., that's a projected EBDTA (earnings before depreciation, taxes & amortization) of $836 million per year!

This moly project will be wildly profitable even if moly prices drop back to $7/pound.

The location is Nevada, which is the best jurisdiction politically on earth for any mining project.

I've visited the site, and seen the drill cores in the warehouses in the fall of 2005. Just amazing!

I've seen the old drill core about 20 years old, but it's a new opportunity created by new, higher moly prices.

GMO has substantially updated their web site in recent months with new information for investors. See
http://www.idahogeneralmines.com/igmidir2/investors.htm

See also their Frequently Asked Questions page:
http://www.idahogeneralmines.com/igmidir2/investorfaqs1.htm

Some questions I've received are generally how this company compares with many others.

Many moly projects have higher grades, but will only produce about 1-2 million pounds of moly per year, not 35 million pounds like per year like this one.

Of the large projects, GMO has the highest grades.

GMO is also the largest moly project out there, by far. Adanac will produce only about 10 million pounds of moly per year, which is 1/3 as much, and Adnac has cash costs nearly twice as high, with lower grades of moly, and has capital costs about the same. Therefore, it should be no surprise that GMO has raised $30 million in the past year, and Adanac has raised less.

Also, there are the other big copper/gold/moly projects such as Northern Dynasty, which has a market cap five times as high at $545 million or more. Further, that is mostly a copper project, their moly grades are very low by comparison, and their overall grades are also low by comparison. Also, it is still being drilled, and may not be permitted until 2011, and my cost between $600 to $800 million to build their mine.

Northern Orion, another gold/copper/moly project also has a market cap of about 6 times higher, at $600 million. NTO is still working on feasibility, has moly grades 1/3rd as rich as GMO, and has low copper grades of .3 to .4%, and is located in more politically risky Argintina, and will probably also require substantially higher capital costs to get started.

I strongly suggest that you put no more than 10% of your portfolio into any one thing. But I also strongly suggest that you put up to 10% of your portfolio into GMO. This stock is now liquid, on a major exchange, on a price dip, and has the most leverage and potential of any stock that I know of. I think the biggest risk is permitting, although permitting is progressing nicely. Financing should be easy.

If GMO raises $500 million at $10/share, for 50 million more shares, that will be 107 million shares. If they earn up to $800 million per year, that could give them a market cap of $4-8 billion, which would imply a stock price of $37 to $74/share. That's substantially higher than the $2/share it's trading at today.

Possible share price timeline:
Promotion throughout 2007. $2-7/share.
Permitting completed by 2008. $7-14/share
Financing completed by 2009. $19-18/share.
Mine completed by 2010. $15-30/share
Mine producing by 2011. $20-40/share.
Mine producing with history, 2012. $40-80/share.

It could do better than that, of course, if moly continues to remain in high demand, and those prices are highly dependant on moly prices. So, if there is a substantial inflation, and if moly prices keep pace with inflation, so, too, will the share prices outperform inflation.

I believe GMO is a perfect diversification for silver investors. If the world economy, especially China's, continues to boom, moly will be in even higher demand, and GMO's stock should explode by up to 20 to 40 times higher, or more. If the world economy collapses due to a currency crisis, silver bullion should grow in value 20-40 times higher. If the world somehow manages to limp along somewhere in between, GMO should grow in value by about 100% per year for the next 5 years, and silver should do about the same.

I visited the GMO booth at the Silver Summit, and I spoke with Mr. Russell, president of GMO. The project is progressing nicely. I also learned that the current tire shortage for miners should be fixed by 2008, as three new major tire plants are now in construction.

Links for your further due diligence:

The 156 page prospectus for Idaho General Mines, for the Toronto Listing, released late December 2005:
http://tinyurl.com/da89r

July 2005:
MOLY REPORT by Teck Cominco (mining major, #9 moly producer in the world)
--mentions IGMI on page 15
--is very bullish on moly
http://www.teckcominco.com/pre…canaccord-moly-july05.pdf

The Northern Miner, June 2005, Quote:
"The future looks good for molybdenum," says McDonald. "We can't predict where the price is going, but it does look as thought the fundamentals have shifted positively. We know the demand is strong and growing at ten per cent per year; we just don't know where the supply is going to come from."
The Northern Miner Article does not mention Idaho General Mines.
http://www.rocamines.com/i/pdf/nminer-jun242005.pdf

Article, from late summer or fall of 2005?: Big Time Backyard Moly
By David Bond, Editor
The Silver Valley Mining Journal
http://www.theresourceinvestor…chive/2005/0605-bond.html

September 21, 2005
Molybdenum ... The Big Secret
by Ken Reser
http://www.goldrea.com/Molybde…%20Big%20Secret%20_7_.pdf

July 21, 2006
A Hungry China Set to Gobble More Moly
By Steve Christ
http://www.siliconinvestor.com/readmsg.aspx?msgid=22644612

GMO discussion board:
http://www.stockhouse.com/bull…asp?symbol=GMO&table=AMEX

Yahoo! Finance should also have a discussion board soon, as they do for all AMEX listed stocks.

Final Disclaimer: I own 429,000 shares of GMO, and 205,000 warrants at $.80, and this is an unpaid endorsement.

Timing: I send my emails to about 30,000 opt-in email addresses, and about half will read this in 24 hours. Therefore, unless you are prepared to buy on October 2nd, you may consider doing further research while waiting for a dip in the price. On the other hand, there is no guarantee on what the price may be in the future, and we do live in a world of "first come, first served", and it is a bull market in metals, in my opinion. Markets wait for no one.

Sincerely,

Jason Hommel
Make money -----> silverstockreport.com

Server?

Seit Mitte August ist Idaho General mines an der AMEX: GMO

Projektübersicht: kann sich imho shen lassen.
Aber viel Dilution in letzter Zeit.

http://www.idahogeneralmines.com/igmidir2/projects.htm

Bad Timing - Das muß Nevada Pacific einmal jemand nachmachen.
Absolut jedesmal, wenn sie eine Erfolgsmeldung raushauen, geschieht dies an Blutbad-Tagen, so auch gestern:

News Release 06-26

Nevada Pacific Gold Ltd. (TSX Venture Exchange - Symbol NPG) is pleased to announce the receipt from Pincock, Allen and Holt (PAH) of an Updated Technical Report on the Company's 100% owned Magistral Gold Mine located in Sinaloa state, Mexico. PAH was retained by Nevada Pacific to update the resource and reserve estimate for Magistral, compliant with the requirements of National Instrument 43-101 (NI43-101). In preparing the report, PAH has reviewed new drilling data, actual production results, production reconciliation, and cost data for the mining operation and believes this information to be credible and reliable for reserve reporting purposes.

"We are pleased with the results of the Updated Technical Report, which indicates that at $450.00 gold Magistral is technically feasible and can be re-commissioned. This is due primarily to the fact that we understand the leach recovery curve much better and will be moving less tonnes at a higher gold grade. It should be noted that at $600 gold the Project economics are quite robust with an IRR of 118 percent and Net Cash Flow of US$42.3 million over six years," said David Hottman, Chairman, CEO.

Resources
The updated measured and indicated mineral resource for the Magistral Project stands at 9.30 million tonnes averaging 1.81 grams per tonne gold for a total of 541,000 ounces at 0.40 g/t Gold cut-off.

-------------------------------------------------------------
Resource Area Tonnes Gold (g/t) Contained Ounces
-------------------------------------------------------------
Samaniego
Measured 4,699,000 2.09 315,665
-------------------------------------------------------------
Indicated 1,378,000 1.79 79,290
-------------------------------------------------------------
Subtotal 6,077,000 2.02 394,955
-------------------------------------------------------------
Sagrado Corazon
Measured 862,000 1.28 35,528
-------------------------------------------------------------
Indicated 170,000 0.94 5,144
-------------------------------------------------------------
Subtotal 1,032,000 1.22 40,672
-------------------------------------------------------------
Lupita/Central
Measured 1,245,000 1.55 61,937
-------------------------------------------------------------
Indicated 832,000 1.36 36,305
-------------------------------------------------------------
Subtotal 2,077,000 1.47 98,242
-------------------------------------------------------------
Mill Tailings
Measured 118,000 1.89 7,147
-------------------------------------------------------------
Indicated N/A N/A N/A
-------------------------------------------------------------
Subtotal 118,000 1.89 7,147
-------------------------------------------------------------
Totals
-------------------------------------------------------------
Measured 6,924,000 1.89 420,277
-------------------------------------------------------------
Indicated 2,380,000 1.58 120,739
-------------------------------------------------------------
All Categories 9,304,000 1.81 541,016
-------------------------------------------------------------

Reserves
Proven and probable reserves are estimated to be 3.02 million ore tonnes at an average grade of 2.97 grams of gold per tonne resulting in total contained gold of 289,000 ounces at a waste to ore ratio of 8.1:1. It should be noted that a significant amount of lower grade material below the reserve cutoff used will be economic when mining resumes and will be placed on the leach pads, but for reserve reporting purposes this material has been excluded. This material is classified as sub grade material and cannot be reported as reserves, but much of this material is economic in the near term due to the large discrepancy between the $450 statutory gold price (a 3-year rolling average) used for the study and the current average gold price of $600-$650 per ounce.

-----------------------------------------------------------------------
Cutoff Strip
Mine Grade Ore Gold Contained Waste Total Ratio
Area (g/t) (Tonnes) (g/t) Ounces Tonnes Tonnes W:O
-----------------------------------------------------------------------
Samaniego
Hill 0.96
Proven 1,065,000 3.99 137,000
-----------------------------------------------------------------------
Probable 272,000 3.79 33,000
-----------------------------------------------------------------------
Subtotal 1,337,000 3.95 170,000 17,420,000 18,757,000 13.0
-----------------------------------------------------------------------
Samaniego
Hill-
Tailings 0.80
Proven 88,000 1.99 6,000
-----------------------------------------------------------------------
Probable N/A N/A N/A
-----------------------------------------------------------------------
Subtotal 88,000 1.99 6,000 2,338 90,338 0.03
-----------------------------------------------------------------------
Sagrado
Corazon 0.82
Proven 385,000 2.06 25,000
-----------------------------------------------------------------------
Probable 59,000 1.47 3,000
-----------------------------------------------------------------------
Subtotal 444,000 1.98 28,000 1,039,000 1,483,000 2.3
-----------------------------------------------------------------------
Lupita 0.80
Proven 700,000 2.39 54,000
-----------------------------------------------------------------------
Probable 454,000 2.15 31,000
-----------------------------------------------------------------------
Subtotal 1,154,000 2.29 85,000 6,031,000 7,185,000 5.2
-----------------------------------------------------------------------
Total
Proven 2,238,000 3.08 222,000
-----------------------------------------------------------------------
Total
Probable 785,000 2.67 67,000
-----------------------------------------------------------------------
All
Categories 3,023,000 2.97 289,000 24,492,338 27,515,338 8.1
-----------------------------------------------------------------------

Financial and Sensitivity Analysis
The Base Case project produces 185,000 gold ounces at a cash cost of $323 and total cost of $447 per gold ounce. Over the project life this generates a net cash flow of $17.4 million. This results in a Pre-tax Net Present Value of $12.7 million and $9.3 million at 5 percent and 10 percent discount rates respectively, resulting in a 49 percent Internal Rate of Return (IRR).

Over the project life at $600 a net cash flow of $42.3 million is generated. This results in a Pre-tax Net Present Value of $32.8 million and $25.7 million at 5 percent and 10 percent discount rates respectively, resulting in a 118 percent Internal Rate of Return (IRR).

Sensitivities to the major economic factors were analyzed to demonstrate the project's value to the major variants (metal prices, metal recoveries, gold grade, capital costs, and operating costs). In all cases analyzed the project has a positive net present value and produces Internal Rates of Return (IRR) of greater than 19 percent.

In the report PAH states "PAH is of the opinion that the estimate of mineral resources and reserves has been prepared according to accepted industry standards using accepted industry practices and that the work completed has been as thorough and accurate as possible given the available database. PAH is also of the opinion that the mineral resources and reserves are compliant with the Canadian National Instrument 43-101 (NI 43-101) requirements for resource and reserve reporting and is consistent with the Standards for Disclosure for Mineral Projects, Form 43-101F1 and Companion Policy 43-101CP, dated December 23, 2005."

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns an exploration property portfolio covering approximately 890 square miles of mineral rights in Mexico including the Magistral Gold Mine and an exploration property portfolio covering approximately 85 square miles of mineral rights in the State of Nevada. A description of these projects, including maps and photographs, can be viewed on the Company's website at http://www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"David Hottman"

Chairman

auratico,
und werden noch extra verdroschen....

Noch mal Nevada: Ray Lagace, weiß nicht, ob er noch für Cabo arbeitet, jedenfalls hatte ich email Kontakt damals, schickte folgendes:

Columbus Gold: CGT.V

Columbus Gold Acquires Five Nevada Gold Projects

Vancouver, British Columbia, Canada. September 29, 2006. Columbus Gold
Corporation (CGT: TSX-V) ("Columbus Gold" or the "Company") is pleased to announce that it has acquired five Nevada gold projects, all
strategically located within Nevada's prolific gold trends and historic
mining districts, from Company director John Prochnau (the "Vendor").
Under the terms of the Agreement, the Vendor will receive US$93,000.00
of which US$27,000.00 will be in cash and US$66,000 will be payable
with 100,000 common shares of the Company at an agreed and deemed value of C$0.75 per share. The Vendor will retain a 1.5% net smelter return royalty on each property. The Agreement is subject to approval by the TSX Venture Exchange.

These acquisitions, described in more detail below, increase the
Company's total project portfolio to 20 properties, 16 of which are
gold projects located in Nevada. Seven of the Company's properties are
joint ventured to major and junior mining companies.

The Spring property consists of five mineral claims located
approximately 10 km northwest of Columbus' Golden Mile gold project in
Mineral County. The claims cover gold mineralized skarns and jasperoids
within Triassic Luning formation and adjacent quartz monzonite
intrusive bodies in a geologic setting very similar to Golden Mile.
Past exploration by Canyon Resources and Bond Gold in the 1980's
demonstrated widespread gold mineralization with grades up to 8.3 g/t
along 3 m. The Spring claims will be re-evaluated in conjunction with
the Company's ongoing exploration program at Golden Mile.

The Winnemucca Mountain property consists of 14 mineral claims located
on the lower east flank of Winnemucca Mountain in Humboldt County. The
claims cover a large, north-trending zone of quartz-carbonate stockwork
veining in Triassic sediments containing extensive low grade gold
mineralization. Widely-spaced drill holes by Santa Fe and others
between 1985 and 1992 traced associated gold mineralization along the
zone, with values to 0.86 g/t Au along 29 m and 0.34 g/t Au along 72 m,
for a strike length of nearly 1 km and to a depth up to 180 m. The
geologic environment and indicated gold grades at Winnemucca Mountain
are similar to those characterizing the Florida Canyon Mine (2 million+
ounces gold production from 1986-2005) located 45 km to the southwest.

The Mill Canyon property consists of two mineral claims located 16
kilometres (km) northwest of Barrick's 25 million ounce Pipeline-Gold
Acres mine complex in Lander County. The claims cover part of a
"window" of altered Roberts Mountain formation, host to most of the
Carlin-style gold mineralization in the area, within which past work
has outlined gold, mercury and arsenic anomalies. The claim area is one
of intense exploration activity with surrounding land held by Barrick
and Newmont. It is the Company's intention to joint venture the Mill
Canyon claims.

The Del Oro property consists of six mineral claims located within the
historic Goldbanks gold-antimonymercury district in Pershing County.
Gold mineralization occurs as veins and stockworks in Triassic
volcanics and sediments while mercury occurs in a classic opalite
setting within Tertiary volcanics. The area was the site of intense
past exploration in the 1980's and 1990's with Kinross reported to have
outlined a large body of low grade gold mineralization in the core of
the district. The Del Oro claims contain untested gold anomalies in a
similar geologic setting.

The White Canyon property consists of five mineral claims located in
the historic Beowawe mercury district located midway between Carlin and Battle Mountain in Eureka County. The claims cover a range front fault, containing anomalous gold and pathfinder elements in quartz veins up to 6 metres (m) thick, extending several km northeasterly from the Beowawe geothermal field. The property is subject to a mineral lease providing for annual cash payments to the Company and a net smelter return royalty of 3%. The claims that form the property have been sub-leased to Atna Resources Ltd., and form part of its Beowawe Project.

John Prochnau B.Sc. (Mining Engineering), M.Sc. (Geology), and Director
of Columbus Gold is the Qualified Person who reviewed and approved the
contents of this news release.

ABOUT COLUMBUS GOLD

Columbus Gold Corporation is a gold exploration and development Company
operating principally in Nevada. The Company has an experienced
management group with a strong background in all aspects of the
acquisition, exploration, development and financing of precious metal
mining projects. Columbus owns a 100% interest, subject to royalties,
in 16 gold projects strategically located along or near Nevada's most
productive gold trends and 4 non-core silver and copper projects
located in Arizona. The Company's project activities are managed by
Cordilleran Exploration Company ("Cordex"), owned and operated by John
Livermore and Andy Wallace who have a long and distinguished history of
gold discovery and mine development in Nevada.

The Company maintains active generative (prospecting) and evaluation
programs and, as a key element of strategy, broadens exposure,
minimizes risk and maintains focus on high priority prospects while
seeking industry finance through joint ventures on selected projects.
The Company currently has seven of its projects joint ventured to major
and junior mining companies.

ON BEHALF OF THE BOARD,
Robert Giustra
President, CEO & Director

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.

For more information contact:
Ray Lagace
Investor Relations
604-638-3474
info@columbusgoldcorp.com

For more information visit our website at
http://www.columbusgoldcorp.com/ or send
mailto:info@columbusgoldcorp.com

Beitrag von auratico wurde a u c h nicht angezeigt.

Fortuna Starts Commercial Production at Caylloma Silver Mine, Peru
Wednesday October 11, 9:30 am ET

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 11, 2006) - Fortuna Silver Mines Inc. (TSX VENTURE:FVI - News), Mr. Jorge Ganoza, President of the Company, is pleased to announce that commercial production has begun at the Company's 100% owned Caylloma Ag-Zn-Pb mine in Peru.

Ore is currently being processed at a rate of 500 tonnes per day (tpd). The first revenue from sales of Ag-Pb and Zn concentrates is expected for late October of this year. An increase in mill throughput to 700 tpd is expected in May 2007.

Mr. Ganoza commented: "With commercial production achieved at the Caylloma mine, Fortuna has reached a new milestone in its development into a leading mid-tier mining company. I would like to thank the whole Fortuna team for their hard work in bringing the Caylloma mine -our first producing asset- back into commercial production."

Backgound

Fortuna is a growth oriented, silver producing company focused on mining opportunities in Latin America. Our primary assets are the Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold Project in Mexico. The Company is aggressively pursuing additional acquisition opportunities. For more information, please visit our website at http://www.fortunasilver.com.

ON BEHALF OF THE BOARD

Jorge Ganoza Durant, President

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

Contact:
Jorge Ganoza Durant
Fortuna Silver Mines Inc.
President
(604) 484-4085
(604) 484-4029 (FAX)
Email: info@fortunasilver.com
Website: http://www.fortunasilver.com