Beiträge von cybersonic
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Encanto (TSX.V:EPO) is also on that potential buy-out list. Encanto is a well-run potash junior with resource grades that compare favourably to Athabasca. They have similar thickness and grade – while EPO has market cap of $23 million – about one tenth of the API valuation. So EPO has lot of share price upside as they build up their resource with more drilling and 3D seismic.
EPO’s first drill hole at its Muskowekwan potash property in Saskatchewan returned values of 25.2% K2O (39.9% KCl) over 3.6 metres in the Patience Lake potash bed, and 25.5% K2O (40.4% KCl) over 2.4 metres in the Belle Plaine potash bed. Drilling in the lower Esterhazy Member returned values of 5.3 metres of 12.4% K2O (19.6% KCl).
The size of Encanto’s land package is 36000 acres and the two beds combined are 6 m thick. That’s a potential mineable resource of about 137 M tonnes of K2O or 217 M tonnes of KCL. About $200 billion worth of potash.
Not surprisingly – given all this activity – a UBS analyst upgraded shares of POT from “Neutral” from “Buy” and increased the price target by $6 to $112 – implying stock gains of about 20% in the next year. Potash Corp shares rose 3% percent on the news.
But big trees don’t grow as fast as little trees. Keep your eye on Western and Encanto as the potash sector heats up again.
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bin ausgestiegen! charttechnische entwicklung gefällt mir nicht
die Erwarten news in nächsten 2-3 Wochen (Ressourcenkalulation). Chartteschnisch sieht das o.k aus, bei 0.40 ist starke Unterstützung.
Hier ist meiner Meinung nach alles in Butter, ist sicher kein Wert für Day Trader. Mich erinnert das sehr an die 3-4 Wochen vor dem veröffentlichen der Ressourcenkalulation von Western Potash.
AAA und WPX sind sich sehr gute Werte, aber EPO hat gigantisches Potential. -
Sent: January 25, 2011 9:29 AM
The 43-101 report is completed, and is having final approvals done
this week. We then expect to draft a press releases next week. With
the expected results released to the market within 2-3 weeks.Please feel free to call if you have any questions.
Brian Martin
604-608-0824
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Company: Encanto Potash Corp.
Project: Muskowekwan
Location: 100 kilometres north of Regina
Est. Resource: Expected in Q1, 2011
Est. Mine Life: Expected in Q1, 2011
Est. Production Start: 2014 to 2016
Advantage: First Nation relationships
While Encanto's official resource estimate isn't expected until early next year, company president and CEO Jim Walchuck is confident the company's Muskowekwan project will win the greenfield race.
"We're going to take a run at it, definitely," Walchuck said in a recent interview from his Vancouver office.
Plans to build a conventional potash mine in central Saskatchewan are coming together and the resource at the site "is as good or better than anyone else out there," the CEO said. But what really sets Encanto apart is its relationship with Saskatchewan's First Nations.
"What makes it special is the fact that they want this project to go ahead as much as we want this project to go ahead, so there's no impetus to slow us down," he said. "We're both aligned in getting this project into production as fast as possible."
Because First Nation land is under federal regulation, the company only has to work with Ottawa and its aboriginal partners on the development of a Muskowekwan mine. Of course, Walchuck said, Encanto will abide by provincial regulations and guidelines.
However, the CEO added, having only two main stakeholders to work with speeds up the entire greenfield process.
"The biggest thing is to get your mining permit, and having only two stakeholders makes it a lot better for us and therefore should be a lot faster for us," he said.
Four to six years from now, Encanto could have a potash mine in production.
"What is the opportunity? I think it's pretty high," he said.
http://www.leaderpost.com/Whic…/story.html#ixzz1BCeXFG52
“There’s six holes surrounding it that tell us that there’s potash at fairly good grades, and then we have two holes telling us that it’s as good or better than the existing mines right now,” said Encanto President and C.E.O. James Walchuck.Interessanter Clip zur einigung mit den First Nation in Muskowekwan:
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Momument investor Orifer acquires 23.66 million shares
2010-11-16 13:02 ET - News Release
Mr. Jean-Edgar de Trentinian reports
ORIFER SA ACQUIRES INTEREST IN MONUMENT MINING LIMITED
Orifer S.A. announces that it has acquired ownership and control of 23,660,003 common shares and 8,125,003 share purchase warrants (the "Warrants") of Monument Mining Limited ("Monument") pursuant to a private transaction. Orifer currently holds 23,660,003 common shares of Monument, representing approximately 13.91% of the total issued and outstanding common shares of Monument as of October 1, 2010 (undiluted). Assuming that the share purchase warrants held by Orifer are fully exercised, Orifer will control 52,160,006 common shares representing approximately 26.26% of all issued and outstanding shares of Monument (on a partially diluted basis assuming only the conversion and exercise of Orifer's share purchase warrants).
The shares and warrants were acquired by Orifer for investment purposes. Depending upon market conditions and other factors, Orifer may from time to time acquire additional securities of Monument, dispose of some or all of the existing or additional securities it holds in Monument or will hold, or may continue to hold its current position.
Additional information concerning the foregoing is contained in the Early Warning Report filed by Orifer on SEDAR under Monument's profile. -
2010-10-06 09:41 ET - News Release
Mr. Frank Basa reports
GOLD BULLION INCREASES PRIVATE PLACEMENT, GRANTS STOCK OPTIONS
Gold Bullion Development Corp. has amended the terms of its recently announced non-brokered private placement to increase the number of units offered for sale from 11,111,111 units to a maximum of 14,814,814 units, at a price of 54 cents per unit, for gross proceeds of up to $8-million. All other terms of the private placement as disclosed in the company's Sept. 22, 2010, news release in Stockwatch remain the same.
Proceeds of the private placement will be used for the development of the company's Granada gold property in northwestern Quebec. The private placement will be subject to approval by the TSX Venture Exchange.
The company has also granted incentive stock options to a director of the company to purchase 900,000 common shares in the capital of the company, exercisable at a price of 48 cents per share for a period of five years. All options are subject to a four-month hold period and are granted in accordance with the terms of the company's stock-option plan and the policies of the TSX Venture Exchange. -
Gold Bullion Development arranges $6-million financing
2010-09-22 16:46 ET - News Release
Mr. Frank Basa reports
GOLD BULLION DEVELOPMENT CORP. ANNOUNCES PRIVATE PLACEMENTGold Bullion Development Corp. has arranged a non-brokered
private-placement financing consisting of up to 11,111,111 units at a
purchase price of 54 cents per unit to raise gross proceeds of up to
$6-million. Each unit will consist of one common share in the capital of
the company and one-half of a transferable share purchase warrant. Each
whole warrant will entitle the holder to purchase one additional common
share in the capital of the company for a period of one year from the
date of issuance, at a purchase price of 75 cents per share.The company will pay finders' fees to arm's-length parties in connection
with the private placement, equal to 8 per cent of the gross
subscription proceeds realized from the sale of units by the respective
finder, payable in cash, and in addition, at the discretion of the
company, will issue non-transferable share purchase warrants equal to 8
per cent of the number of units sold by the respective finder. Each
finder's warrant will entitle the holder to purchase an additional
common share in the capital of the company for a period of one year from
the date of issuance, at a purchase price of 75 cents per share.
Certain directors, officers and insiders of the company may participate
in the private placement. The securities issued will be subject to a
hold period of four months and one day.Proceeds of the private placement will be used for the development of
the company's Granada gold property in northwestern Quebec. The private
placement will be subject to approval by the TSX Venture Exchange.
We seek Safe Harbor. -
Gold Bullion extends phase 2 drill program at Granada
2010-09-15 10:01 ET - News Release
Mr. Frank Basa reports:
GOLD BULLION EXTENDS LONG BARS ZONE PHASE 2 DRILL PROGRAM EASTERN EXTENSION DRILL RIG MOVING TO NEWLY-DISCOVERED AREA NEAR GR-10-86 IN THE SOUTH
Gold Bullion Development Corp. (GBB, TSX.V) ("Gold Bullion" or the "Company") is pleased to announce it has extended its 20,000-metre Phase 2 LONG Bars Zone drill program by an additional 5,000 metres. Gold Bullion is aggressively exploring the Granada Gold Property, located five kilometres south of Rouyn-Noranda, Quebec, as a potential open-pit deposit along the prolific "Cadillac Trend" where numerous multimillion ounce deposits have been discovered and developed.
"It was our original intention to stop after 20,000 metres and commence a Phase 3 program in the early fall," stated Gold Bullion President and CEO Frank Basa. "Developments on the ground are such, however, that GENIVAR, our geological consultant, is eager to immediately pursue several important, high-priority targets in the LONG Bars Zone and that's what we're going to do. At the same time we will continue planning for an even larger Phase 3 program."
One of GENIVAR's immediate priorities is additional drilling, expected to begin in a few days, near GR-10-86 in the Eastern Extension -- 350 metres directly south of Phase 1 discovery hole GR-10-17. GENIVAR is plotting a series of holes in the vicinity of GR-10-86 which was a 250-metre step-out to the east-southeast from Pit #2 East and 180 metres outside Gold Bullion's Preliminary Block Model. Intense alteration and near-surface mineralization were observed in this hole (assays are pending) including visible gold at two different depths (in a brecciated quartz vein and also in feldspar porphyry). More drilling around GR-10-86 will assist GENIVAR in determining if a significant new discovery of near-surface mineralization has been made in the southernmost area drilled to date in the LONG Bars Zone.
The northern half of the Preliminary Block Model, which was not drilled in Phase 1 earlier this year and has received only limited historical attention, has also become an area of high interest for GENIVAR. GR-10-117, collared 30 metres north of GR-10-47, has intersected visible gold in a quartz vein in conglomerate immediately below the limited overburden within the first few metres of the hole. Strong sericitization and silicification were observed in this hole which was drilled to a vertical depth of 175 metres. GR-10-117 will be sent out for assaying as quickly as possible.
Landdrill International Inc.'s Preliminary Block Model drill rig is now working on GR-10-119, collared 40 metres west-southwest of GR-10-117. This rig also just recently completed the first two holes farther west (GR-10-114 and GR-10-116) where rock has been removed from the waste pile with visible gold encountered in GR-10-114 at a vertical depth of approximately 145 metres. GENIVAR views this underexplored 34,000-square-metre area -- much of it underlain by porphyry intrusions -- as highly prospective for gold mineralization. Northeasterly trending fault structures, spatially related to the Cadillac Fault to the north, are features of intense interest at Granada and are interpreted to run under the waste pile. This drill rig will be returning to the waste pile area shortly as more rock is removed.
The Eastern Extension drill rig is currently positioned just outside the northeast border of the Preliminary Block Model, drilling GR-10-118 on the same section as GR-10-53, GR-10-33, GR-10-47, GR-10-117 and GR-10-102 (south to north) within the Preliminary Block Model (visible gold was also observed in GR-10-102 which was drilled 30 metres north-northeast of GR-10-117). After completing at least one more hole near its present location, this drill rig will be moved immediately approximately 450 metres southeast to test structures in the vicinity of GR-10-86 as outlined above.
The additional 5,000 metres of Phase 2 drilling will also allow GENIVAR to test high-priority targets elsewhere in the promising Eastern Extension which has already been drilled over a surface area measuring 450 metres north-south and 500 metres east-west.
Mineralization is open in all directions at the Granada Gold Property where nearly 19,000 metres of Phase 2 NQ drilling has been completed in the LONG Bars Zone (Preliminary Block Model and the Eastern Extension) since early May. Assay results have been received on only 18 of 92 holes completed to date. Gold Bullion has just recently contracted a third assay lab, ALS Chemex out of Val d'Or, Quebec, to expedite the delivery of additional results. -
Hallo Freunde...
Ich möchte euch auf Gold Bullion Development aufmerksam machen. Ist ein interessanter Wert und gelistet an der TSX Venture.Gold Bullion`s Flagschiff ist die Goldmine Granada die sich am Cadillac Trend befindet, im minenfreundlichen Quebec. Etwa 65km entfernt von Osisko.
Die Granada Mine wird auch als LONG Bars Zone Preliminary Block bezeichnet (LONG (“lots of new gold bars”) )
Diese ist Teil einer historischen Mine welche in den 1930 Jahren etwa 5 Jahre lang Gold produzierte. Ein umfangreiches Bohrprogramm (20,000 m PhaseI/II) wird/wurde durchgeführt, mit sehr guten Bohrresultaten von z.B.
123.5 m 1.07 g/t Au
110.5 m 1.34 g/t Au
68.3 m of 2.16 g/t Au
26 m of 4.6 g/t AuIm Großen und Ganzen ist das eine Low-Grade Mine mit etwa 1-2 g/t Au. Ausnahme 26 m of 4.6 g/t Au.
Au Mineralisierung befindet sich weit oben 3,5m-110m in Tieferen Schichten eher High-Grade.
Die Tieferen Schichten werden in einem Phase III Drill-Programm identifiziert.
Mann Vermutet dort Gold Ressourcen von etwa 2,4-2,6 Mio. Unzen.
Eine NI-43-101 folgt bis zum Ende des Jahren 2010.
Starkes Potential für eine Open-pit Starter Mine.
Ähnliche Situation wie damals bei Osisko Mining. Kauf von Liegenschaft mit Stillgelegten Minen.Das Gesamte Explorationsgebiet erstreckt sich über 50 Quadratkilometer.
Derzeit Konzentriert man sich auf eine Erweiterung der LONG Bars Zone nach Nord Osten.
Das Geologen Team ist wie bei SEMAFO, GENIVAR
Folgende Resultate wurden dort erzielt:bulk sample (30,000 tonnes) grades 1.62 g/t Au
65.5 metres of 1.21 g/t AuDieses Projekt ist nicht nur interessant, es entwickelt sich auch verdammt schnell.
In den nächsten Wochen werden weitere Bohrresultate veröffentlicht (Phase II 90% Abgeschlossen), und ein Testwork Study Report from Gekko Systems Ltd. wird veröffentlicht.
Darüberhinaus arbeitet man an einer Environmental Study.
Viel Potenial!(Nach Oben)
Interessanter Bericht zu den in der letzte Woche veröffentlichten Bohrergebnissen.
http://www.bullmarketrun.com/?p=3203Interview mit Frank Basa CEO und Präsident
http://www.smartstox.com/interviews/gbb
