ich red ja auch nich mit jedem! 
Slam drills 0.45 m of 22% Zn, 141 g/t Ag at Nepisiguit
2007-02-20 10:56 ET - News Release
Mr. Mike Taylor reports
SLAM EXPLORATION REPORTS BASE METAL RESULTS
Slam Exploration Ltd. has intersected zinc-lead-copper-silver mineralization associated with massive sulphides in three holes recently drilled at the Nepisiguit base-metal deposit. Slam's wholly owned Nepisiguit property is located 20 kilometres west of the Brunswick No. 12 mine in the Bathurst mining camp of New Brunswick.
All three holes returned base-metal values ranging up to 6.49 per cent zinc, 2.04 per cent lead, 0.16 per cent copper and 48.43 grams per tonne silver over 3.85 metres in hole NP06-03. This includes a 0.45-metre interval at 22.4 per cent zinc, 7.28 per cent lead and 141 grams per tonne silver. The following table summarizes the drilling results.
From To Interval Zn Pb Cu Ag
Hole ID (m) (m) (m) (%) (%) (%) (g/t)
NP06-01 80.15 82.15 2.00 5.69 2.47 0.77 117.50
NP06-02 117.56 119.36 1.80 5.35 1.71 0.37 62.89
NP06-03 143.97 147.82 3.85 6.49 2.04 0.16 48.43
includes 143.97 144.42 0.45 22.40 7.28 0.15 141.00
The mineralized interval in hole NP06-01 occurs at a vertical depth of 60 metres. Hole NP06-02 intersected the zone approximately 25 metres below the NP06-01 interval and on the same section. The NP06-03 intercept is approximately 200 metres west of hole NP06-01 at a vertical depth of 125 metres.
Hole ID UTM east UTM north Elevation Length Dip Az
NP06-01 724229m 5251683m 279 112m -50 154
NP06-02 724213m 5251718m 284 160m -50 154
NP06-03 724037m 5251652m 293 205m -60 154
UTM NAD 83 Zone 19
The Nepisiguit property comprises 67 claims covering 1,072 hectares of favourable volcanic stratigraphy in the Bathurst mining camp in New Brunswick. In addition to the A zone, the property also hosts the Nepisiguit B zinc-lead-silver deposit and the Swamp Lake base-metal occurrence. This initial exploration program at Nepisiguit was funded in part by a $30,000 grant from the New Brunswick Junior Mining Assistance Program.
Slam management is encouraged that these drill results indicate significant potential within the Nepisiguit massive sulphide deposits to add tonnage of base-metal resources in a reasonably short period of time. The Nepisiguit A massive sulphide deposit has been tested over a strike length of 550 metres, and remains open at depth and along strike to the west.
The success of the drilling at Nepisiguit demonstrates Slam's strategy to quickly increase its base-metal resource in New Brunswick by drill testing additional deposits in its portfolio. The cornerstone of this strategy remains the 3.4-million-tonne resource averaging 5.01 per cent zinc, 0.89 per cent lead and 30.95 grams per tonne silver (National Instrument 43-101 report September, 2005) at Nash Creek. Slam plans to total sufficient critical tonnage to create a sustainable, mining operation in this world-class base-metal-producing area.
Further drilling is planned for the Nepisiguit A, Nepisiguit B and Nash Creek deposits. To complete its proposed drilling programs over the next six months, Slam has engaged Les Forages La Virole to complete 10,000 metres of diamond drilling.
Derek F. Brown, PGeo, exploration manager of Slam is the qualified person, as defined under National Instrument 43-101, responsible for management of the Nepisiguit project and the drilling results reported in this news release.
We seek Safe Harbor.
Das sind sehr gute Neuigkeiten. Sie wollen ja bis November eine Rampe zu einer Zinklagerstätte errichten und könnten dann produzieren.
Pinetree Capital acquires 4.06 million Slam shares
2007-03-15 11:03 ET - News Release
See News Release (C-PNP) Pinetree Capital Ltd
Mr. Larry Goldberg of Pinetree reports
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF SLAM EXPLORATION LTD.
Pinetree Capital Ltd., on March 14, 2007, acquired ownership of 4,062,000 common shares of Slam Exploration Ltd. and 4,062,000 share purchase warrants (each warrant entitling the holder thereof to acquire one additional common share at an exercise price of 35 cents until March 14, 2009). In the event that the warrants are fully exercised, these holdings represent approximately 11.6 per cent of the total issued and outstanding common shares of Slam as of March 14, 2007, calculated on a partially diluted basis assuming the exercise of warrants only. As a result of this transaction, Pinetree holds a total of 5,426,000 common shares and convertible securities exercisable into an additional 5,426,000 common shares of Slam, including the 4,062,000 warrants, which represents approximately 15.2 per cent of the total issued and outstanding common shares of Slam as of March 14, 2007, calculated on a partially diluted basis assuming the exercise of the 5,426,000 convertible securities only.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Slam depending on market conditions or any other relevant factor.
We seek Safe Harbor.
Es sieht ganz danach aus, dass nun zumindest ein größerer Investor aufspringt. Slam liegt atuell bei 0,245 CAD und ein early warning report ging auch gerade raus ! Vielleicht wird nun das Potenzial von SLAM erkennt.
Slam Exploration starts drilling at Nepisiguit
2007-03-20 09:45 ET - News Release
Mr. Mike Taylor reports
SLAM EXPLORATION DRILLING BASE METAL DEPOSIT
Slam Exploration Ltd.'s drilling is under way at its wholly owned Nepisiguit property located 20 kilometres west of the Brunswick No. 12 mine in the Bathurst mining camp of New Brunswick.
The program will test Zone A with approximately eight holes in the vicinity of three holes NP06-01 to NP06-03 reported in Stockwatch Feb. 20, 2007. The initial two holes will test a section 50 metres west of hole NP06-03 which returned 6.49 per cent zinc, 2.04 per cent lead, 0.16 per cent copper and 48.43 grams per tonne silver over 3.85 metres including a 0.45-metre interval at 22.4 per cent zinc, 7.28 per cent lead and 141 g/t silver. The program will also test the Nepisiguit B zone 600 metres to the south.
The Nepisiguit property comprises 67 claims covering 1,072 hectares of favourable volcanic stratigraphy in the Bathurst mining camp in New Brunswick. In addition to the Nepisiguit A and B massive sulphide zones, the property also hosts the Swamp Lake copper stringer zone.
The Nepisiguit A massive sulphide deposit has a strike length of 550 metres and is open at depth and to the west. Zone B, with a 250-metre strike length, is also open at depth and along strike. Further definition of these massive sulphide deposits through a relatively modest drilling program is likely to lead to additional tonnage of base metal resources.
The drilling program at Nepisiguit is consistent with Slam's strategy to quickly increase its base metal resource in New Brunswick by drill testing additional deposits in its portfolio. The cornerstone of this strategy remains the 3.4-million-tonne resource averaging 5.01 per cent zinc, 0.89 per cent lead and 30.95 g/t silver (NI 43-101 report Sept. 5) at Nash Creek. Slam plans to find sufficient critical tonnage to create a sustainable mining operation in this world-class base-metal-producing area.
Derek F. Brown, PGeo, exploration manager of Slam, is the qualified person, as defined under National Instrument 43-101, responsible for management of the Nepisiguit project and the drilling results reported in this news release.
We seek Safe Harbor.
Tja, das sah lange Zeit richtig gut aus bei IVW 
Press Release Source: Ivernia Inc.
Ivernia Inc. Places Magellan Mine on Temporary Care and Maintenance; Secures New Financing Arrangements
Tuesday April 3, 5:00 am ET
TORONTO, ONTARIO--(CCNMatthews - April 3, 2007) - Ivernia Inc. ("Ivernia" or the "Company") (TSX:IVW - News) today announced that, it has placed its Magellan lead mine on temporary care and maintenance pending the receipt of shipping regulatory approvals. The Company is seeking approvals which will enable it to ship its lead concentrate under alternative arrangements utilizing ISO-approved enclosed and double-sealed containers. The Company is also seeking approval to ship in sealed bulka bags. As well, the Company has secured new financing commitments to fund the maturities of the BNP Paribas credit facility (US$11 million - March 30, 2007) and Sentient Note (US$16.5 million - April 29, 2007) and to provide funding during the care and maintenance period.
Suspension of Operations
As previously announced, the Company is diligently advancing its approval request to begin shipping lead concentrate under alternate procedures through the established regulatory processes. However, it has been advised that this is likely to take three to four months to complete. With this timescale in mind, the Company has decided to temporarily place the mine on care and maintenance until the regulatory approvals are received and it is able to ship its material to customers. The proposed alternate procedures involve moving the material in ISO-approved enclosed and double-sealed containers as well as bulka bags, which will be transported from the mine site, through a port, then on to customers in Asia. The Company is confident that the regulatory approvals will be received in due course, as the proposal does not require re-handling of the material after it leaves the minesite.
As a consequence of the suspension of operations, approximately three-quarters of the Company's workforce will be laid off and force majeure notices have been delivered to Magellan's customers, suppliers and contractors. A core team of 30 employees is being retained to manage the gradual and orderly wind-down of the operations and carry out care and maintenance of the facility until the resumption of operations.
The Company continues to support the work being carried out by various Western Australian government agencies to determine how lead entered the surroundings of the Port of Esperance through which Magellan shipped its product. It remains committed to working with the Esperance Port Authority to ensure that future lead concentrate shipments through the port pose no threat to the health of the community, port employees and environment.
New Financing Arrangements
The BNP facilities matured on March 30, 2007. The Company has reached agreement with BNP Paribas, subject to certain conditions, for a 30-day moratorium on the exercise of certain enforcement rights until April 30, 2007, to allow the Company to obtain alternate financing.
The Company has accepted a commitment from Sentient to provide convertible debt facilities for (i) a 12-month extension of amounts currently outstanding in accordance with the Sentient Note at an interest rate of 11.25% and (ii) a US$22 million non-revolving loan facility at an interest rate of 9.25%, (the "Senior Facility") to be used to retire a portion of the currently outstanding BNP Facilities and to assist with the Company's overall funding requirements. The conversion rights, which the Company will put before independent shareholders for approval at the 2007 annual meeting, will allow the holder to convert outstanding principal amounts into common shares of the Company at a conversion price equal to the Company's volume weighted average price for a 40-trading day period from April 3, 2007. Participants in this transaction are precluded from trading shares of Ivernia during the 40-trading day period. The conversion rights will be applicable only to drawn amounts under the facility. The drawn amount during the month of April is currently expected to be approximately US$15 million. The conversion rights begin expiring nine months from the date of the facilities and must be exercised within 12 months from the date of the facilities. Syndication will allow Ivernia to increase the availability under the Senior Facility to US$35 million, and Sentient's participation in the Senior Facility may be reduced to US$6.3 million. If shareholder approval is not obtained, the facilities will bear an interest rate of 35% and will not be repayable for a two-year period.
Commentary
Alan De'ath, President and CEO of Ivernia, commented, "The temporary placement of Magellan on care and maintenance has become a necessary step while the Company pursues regulatory approval to resume shipments of lead concentrate under alternative arrangements. This step is disappointing given the exceptional operational performance and cash flow generation the mine demonstrated over the past nine months. The support of our major shareholder is a vote of confidence in the long-term outlook of Ivernia while enabling the Company to refinance commitments that unfortunately came due during this period of uncertainty. The management and board of Ivernia are focused on maximizing value for its shareholders within the context of the current circumstance."
Conference Call and Webcast
Ivernia will host a conference call and webcast to discuss the temporary placement of Magellan on care and maintenance and new financing arrangements on Tuesday, April 3, 2007 at 10:00 a.m. Eastern time.
Toronto area and overseas participants may access the call at (416) 695-9712. Other North American participants should dial the toll-free number (1-877) 888-4605. The call will also be broadcast live on the internet at http://www.ivernia.com.
If you are unable to participate during the live webcast, the call will be archived on Ivernia's website at http://www.ivernia.com and will also be available via telephone until midnight on Tuesday, April 10, 2007 by calling (416) 695-5275 or 1-888-509-0081 and using the passcode 642564.
Forward-Looking Statements
This document contains certain "forward-looking statements". All statements included in this document (other than statements of historical fact) which address activities, events or developments that management anticipates will or may occur in the future are forward-looking statements, including statements as to the following: future targets and estimates for production, capital expenditures, operating costs, cash costs, mineral resources and ore reserves, recovery rates, grades and prices; business strategies and measures to implement such strategies; competitive strengths; estimated goals and plans for Ivernia's future business operations; and other such matters. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "contemplate", "target", "believe", "plan", "estimate", "expect", and "intend" and statements that an event or result "may", "will", "can", "should", "could" or "might" occur or be achieved and other similar expressions. These statements are based upon certain assumptions and analyses made by management in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances such as the results of the government's continuing investigations into the matters resulting in the suspension of mining operations, the timing of the receipt of required regulatory approvals required to resume shipment of lead concentrate, the duration of the suspension of mining and milling operations, the approval of the independent shareholders of the Company to the terms of the financings referred to herein. These factors may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and there can be no assurance that the actual results or developments anticipated by management will be realized or, even if substantially realized, that they will have the expected results on Ivernia. The reader should not place undue reliance on them. All of the forward-looking statements made in this document are qualified by the foregoing cautionary statements. The Company expressly disclaims any obligation to update or revise any such forward-looking statements.
Contact:
Sharon Loung
Ivernia Inc.
Director, Investor Relations
(416) 365-2783
(416) 867-9384 (FAX)
Email: investor@ivernia.ca
Website: http://www.ivernia.com
ZitatOriginal von matthiasch
Tja, das sah lange Zeit richtig gut aus bei IVW
Hab ich völlig unterschätzt die Sache mit den toten Vögeln und der Hafensperre, und nun geht es soweit, daß sie sogar die super laufende Produktion unterbrechen und sich auf force majeure berufen und die Arbeiter nach Hause schicken müssen.
Schade, aber eine gute Lektion, was bei Minen so alles passieren kann, bin jetzt also mit Ivernia 30% im Minus und muß noch Schlimmeres befürchten.
Ansonsten ein Superwert, aber was können die schon für einen (halb)kriminellen Hafenbetreiber?
grüsse
auratico
