Iamgold hat heute den Verkauf seiner Bauxit-Interessen für 28,5 Millionen CAN $ bekanntgegeben. Davon werden 17,7 Mio in die Schuldenreduktion gesteckt. Wenn das keine gute Nachricht ist!!!
http://www.iamgold.com/documen…BauxiteCompletedFINAL.pdf
Grüße GW
Na endlich ´mal wieder zwei positive Nachrichten von unserem Drachen.
Dragon Mining wird nicht mit dem Erwerb des Saulyak Goldprojektes in Ukraine fortfahren. Klasse, besser geht´s nicht!!! Die sollen sich auf Vammala konzentrieren!!!
http://www.dragon-mining.com.a…mination_of_agreement.htm
Und Dragon Mining gibt außerdem bekannt, dass der Verkauf der nicht marktfähigen Aktienpakete komplett ist. Machen die wegen 56.000 Aus$ eine Pressemitteilung???
http://www.dragon-mining.com.a…_unmarketable_parcels.htm
Grüße GW
Neue Klasse-Bohrergebnisse vom Eritrea Zara Project, die allerdings im Rahmen der Erwartungen lagen.
Die Highlights sind:
• ZARD023 - 7 metres grading 16.06 g/t gold from 116 metres
1 metre grading 63.66 g/t gold from 148 metres
• ZARD026 - 2 metres grading 42.21 g/t gold from 54 metres
10 metres grading 3.19 g/t gold from 98 metres
• ZARD027 - 5 metres grading 47.11 g/t gold from 128 metres
• ZARD028 - 6 metres grading 7.33 g/t gold from 67 metres
13 metres grading 2.12 g/t gold from 96 metres
http://www.dragon-mining.com.a…3_16%20Koka%20Results.pdf
Grüße GW
Zitatbist und bleibst Du investiert, Komet? steht bei Casey auf http://www.caseyresearch.com als SELL auf der Liste
Ich find´es immer wieder gut, dass gute Minen ab und zu auf sell gestellt werden. Das sind gute Kaufgelegenheiten. 
Hier sind die Zahlen von 2006 und die sind wirklich gut, wenn man die Probleme mit Rosebel berücksichtigt.
Die Nettoerträge stiegen 2006 um 25%, im vierten Quartal sogar um 30% gegenüber 2005.
Die Produktionskosten konnten um 30% gesenkt werden, Bargeld, Termineinlagen und Goldbarrenrücklagen betragen 218.3 Mio $.
Die Integration von Gallery Gold und Cambior ist abgeschlossen und gut gelungen.
http://www.iamgold.com/images/…%20YEAR%20END%20Final.pdf
Grüße GW
Pan African beschließt für 2007 Phase I der Exploration des Sakoa South Kohle Projektes auf Madagaskar.
http://www.panafrican.com/news.asp
Grüße GW
Das Konzessionsgebiet White Elephant ist 2,708 sq kms groß und repräsentiert 11% Ruanda.
Was hat diese Meldung zu bedeuten?
http://media.integratir.com/V.…lls%20Appt%20Feb%2007.pdf
Kriegen die ihre Projekte nicht mehr in Kanada finanziert? Ist das Vertrauen hin?
Ich habe zu NGG geswitched. Scheint mir die bessere Wahl.
Grüße GW
PAN AFRICAN MINING CORP beteiligt sich an der PDCA Convention 2007 in Toronto vom 04. bis 07.03.07.
Die PDCA ist die Mining Investment Show in Kanada.
Hier die email dazu:
PAN AFRICAN MINING CORP. AT PDAC CONVENTION 2007
Come visit us at the PDAC CONVENTION, Booth 2304 to see:
· RICH CORE: 2.5 m @ 106.14 g/t Au!
· NEW PRESENTATION ON OUR URANIUM PROGRAM IN MADAGASCAR WITH PICTURES!
Show Location: Metro Toronto Convention Centre
North Buildings
255 Front Street West
Toronto, Ontario
M5V 2W6
Show Dates and Hours: March 4-6, 2007 10:00 a.m. – 5:30 p.m. (Sunday – Tuesday)
March 7, 2007 9:00 a.m. – 12:00 noon (Wednesday)
We look forward to seeing you there!
Regards,
Wilma McKenzie
Project Coordinator
Pan African Mining Corp.
wilma@panafrican.com
Hi,
vielleicht brauchen sie ja das Geld für das Saulyak Gold Project?
Aber das ist schon wieder so eine Sache, die ich nicht verstehe. Warum gehen die in ein Projekt in der Ukraine, wenn alle Resourcen auf das Vammala-Projekt gerichtet sein sollten?? 
Grüße GW
ASX Announcement Dated, 27th February 2007
UPDATE ON PURCHASE OF SAULYAK GOLD PROJECT, UKRAINE
Following an extensive and thorough due diligence review Dragon has yet to achieve confidence in the status of Saulyak Gold Project following the 'temporary mine closure' order issued by the Ministry of Environmental Protection of the Ukraine as announced on 31 January 2007 by Eurogold Limited.
As a consequence the parties have agreed to extend the completion date and are negotiating to reach an alternative arrangement.
Eurogold has also advised entering into discussions with another party, concerning the sale of the Saulyak Gold Project.
Dragon will advise the outcome of negotiations when concluded.
For and on behalf of
Dragon Mining Limited
Peter G Cordin
Managing Director
Was ist bei Dragon los? Brauchen sie Geld oder ist das wieder die Besinnung auf die Kernkompetenzen???
Grüße GW
SALE of VULCAN SHARES
Dragon Mining Limited has sold 7,500,000 shares and 7,500,000 options exercisable at 20 cents in Vulcan Resources Limited for a total cash consideration of $2.05 million which were held through its 100% owned subsidiary, Polar Mining Oy. Following this transaction, Dragon Mining Limited will no longer be a shareholder or option holder of Vulcan Resources Limited.
For and on behalf of
Dragon Mining Limited
Peter G Cordin
Managing Director
This theory so impressed the world’s then best known scientist, Albert Einstein, that he signed a letter to then president Franklin D. Roosevelt that stated that he agreed that if such a bomb were constructed it might be possible, for example, to contain it in a seagoing vessel, which, if brought into a port and detonated, would destroy the port. World War II had already begun in Europe and Asia when Roosevelt’s scientific advisors concluded that Einstein’s conjecture was not only possible but that research into constructing such a weapon was probably already under way in both Germany and Japan.
Thorium although it had a relatively abundant fissile isotopes was immediately relegated to a back seat, because its properties dictated that although it could be used to manufacture a nuclear reactor it could not be used to or be useful in the construction of a fission weapon!
Thorium powered reactors were designed and built during and just after World War II to test power an ocean going vessel and to create the first civilian use only nuclear power plant at Shippingport, Pennsylvania.
Early proponents of civilian nuclear power did not want to manufacture devices from which weapons grade materials (i.e., highly enriched uranium or the new synthetically produced and highly fissile plutonium) could be easily extracted, because at the beginning of the “atomic age” it was believed that only a massively expensive and sophisticated industrial nation could afford to build the enormously costly and limited use base to produce weapons grade materials.
So, the development of thorium-based nuclear reactors was continued for a while in parallel with those using uranium and/or plutonium-based technologies. Then a series of intelligence underestimates and political errors combined to terminate government support and funding of what parallel development there was and to propel uranium to the first and only place in the race.
First, the devastated, and by American standards, primitive Russian industrial base produced and detonated a test atomic bomb in 1949. Then Great Britain whose scientists had contributed to the bomb’s development way out of proportion to their numbers, but whose industrial base was considered to have been shattered by the war, followed the Russians shortly after with a successful test of their own even though Britain had been cut off from research and development information almost as soon as the war ended.
The atomic arms race was on, and it became the obsession of the world’s politicians that the future must belong to the leader in numbers of atomic weapons. Thorium reactors were quickly forgotten for the same reason as they had once appealed. They could not be used, in any easy way, to make weapons grade material. Uranium and its daughter element, plutonium, were crowned the undisputed queens of nuclear power.
The governments of the nuclear powers went on a 50 year binge of hypocrisy. They talked about clean cheap safe civilian nuclear power but they skewed the nuclear power industry through subsidies towards uranium. This kept the weapons grade uranium and plutonium pipeline with a backup system and kept the nuclear fuel reprocessing industry in business economically. Most insidiously the public was trained to view safety as the prevention of detonations (not possible) or leaks (less likely than at carbon-based power plants) rather then the prevention of any possibility at all, of producing weapons grade material. Thus thorium was relegated to the back of the funding line.
The United States and the Russian Federation today have many times the number of nuclear weapons either one would need to destroy civilization. In addition Great Britain, France, China, Israel, Pakistan, India and bankrupt and starving North Korea have nuclear weapons and delivery systems for them. All it seems to take today to build a nuclear weapon is a uranium-based reactor, time and a knowledge base. The world does not need any more nuclear reactors based on uranium and/or plutonium!
The speed with which it is claimed that global warming is advancing dictates that we need immediately to begin to switch over to nuclear reactors to produce the heat upon which the generation of electricity is based.
It is too dangerous to build or allow remaining in operation nuclear reactors that can produce weapons grade material. The answer is thorium-based nuclear reactors.
An American company, Thorium Power, Ltd., [OTCBB:THPW], is at the forefront of thorium power technology. The principals of the company in fact give it a continuity and breadth of expertise in engineering, government, law and the military that is outstanding and unbroken from the very dawn of the idea of safe civilian nuclear power. The company’s website makes fascinating, and I think, today, compulsory reading for any investor who wants to participate for the long run in the continuation and maintenance of a society and polity, the United States of America, that can improve and expand the quality of life for the earth’s billions without the need for depriving its own citizens of anything or of controlling the lives of others.
Although thorium power is today a common topic among the punditocracy - just “Google” the term “thorium” to see what I mean - it is not at all clear how to invest in the mining and production of thorium.
Look at the U.S. Geological Survey (USGS) documentation on thorium, but, be aware, that it is out of date. The current USGS material shows the U.S. with less than 200,000 tonnes of thorium reserves. In fact a new company, so far private, Thorium Energy, Inc. told me that the unpublished results of a new study commissioned by it from the USGS that show that TE’s Lemhi Pass property in Idaho has 600,000 tonnes of thorium reserves by itself. This if proved out would give the U.S. the largest reserves of thorium in the world, and would in fact be more than 1/3 of the world’s known thorium.
The Lemhi Pass deposit is said to be primarily thorium, and this is rather unusual historically. Most of the world’s known thorium reserves are byproducts of rare earth minerals such as monazite, which, coincidentally, is also found in a property called the Mountain Pass site in southern California, which environmentalists shut down because of the radioactivity from the thorium in the tailings - the thorium was not concentrated and removed because it had little or no commercial value.
The mine was ironically discovered by prospectors using Geiger counters looking for uranium in the first, post World War II, uranium boom! Molycorp moved away from the original discovery because of the radioactivity and developed another, relatively non-radioactive, ore body on the property and then fruitlessly tried for decades to create a market for the rare earths produced. I don’t know who owns this property now, but keep an eye open for it. Mountain Pass could come roaring back.
The main source of rare earths today, globally, is China, and the principal producer of rare earth metals there is a unit of the parent company, Baotou, of China’s third largest steel maker, Baosteel. The products of Baotou’s rare earth production unit are marketed in North America by a Canadian subsidiary named HEFA. It is intriguing that the website for HEFA, which names all of the rare earth products available from the company does not mention thorium. Does this mean that the Chinese do not know the thorium is there, or does it mean that they do know but have no wish to sell material outside of China that can be used in place of uranium?
The American company, W.R. Grace [NYSE:GRA] has been in business since 1854 and has processed rare earth ores for decades. It was even doing so when the ores were produced in the United States. It certainly has the technology, at least historically, to produce thorium metal and its alloys if required as it did during World War II when the company was called upon to produce uranium chemicals, metals and alloys for the Manhattan Project.
Thorium Power, Inc. has told me that they already have the technology to “switch over” from uranium to thorium more than 60% of the reactors in use today in the world.
They said that a switched over or built from the ground up thorium powered reactor has for the “blanket” a total of three times the life of a uranium powered reactor. This would mean that the savings during the first fuel cycles will pay for the changeover in the case of a “retrofit.” The core can be used to burn fissionable grade plutonium to non weapons grade material while the blanket will be made from thorium and uranium-233, not 238, so that no weapons grade plutonium-239 can be produced in the reactor.
In the last analysis of what keeps the uranium reactors running is unsurprisingly your tax dollars. The U.S. Federal Government subsidizes the storage of “spent” fuel from nuclear power plants. It (with our taxes) pays “private” utilities to store dangerous-because weapons grade material can e extracted from it and it is intensely radioactive to boot-spent fuel rods while awaiting that far off day when there will be a national repository for such waste. It has become a lawyer’s trick to sue the Federal Government on behalf of a utility that needs more storage space or operating funds claiming a breech of the contract implied by the government’s promise to maintain a safe operation and to defend the country.
If this subsidy were to be phased out or reduce ed it would immediately point the utilities towards the longer and thus cheaper fuel cycle of thorium power, which produces less waste, as well as towards reducing the security aspect of the cost of storing and transporting materials from which weapons grade materials can be extracted.
The public is generally unaware of the history of thorium as an alternative to uranium for the production of electricity by nuclear reactors. Those that are aware believe that thorium technology was a dead end path undertaken and finished many years ago. Long term investors might want to gamble that global warming will shortly reveal that the public needs a re-education with regard to the utility and future of thorium power.
[/QUOTE]
Quelle: http://www.resourceinvestor.com/pebble.asp?relid=29249
Grüße GW
Hi,
wie ihr auf der 1. Seite des Threads sehen könnt, haben wir im letzten Jahr eine heiße Diskussion um das Thorium von PAF geführt. Dazu habe ich jetzt folgende interessante Meldung gefunden, durch die PAF auf einen Schlag wesentlich wertvoller würde.
Grüße GW
Thorium: An Alternative to Uranium, 2007 Update
By Jack Lifton
22 Feb 2007 at 04:06 PM GMT-05:00
DETROIT (ResourceInvestor.com) -- The component of the global warming agenda that is purely political is the driving force behind the contemporary uranium “boom.” Doomsayers and scaremongers are shouting, not whispering, that we must stop using the sources of heat, which have been discovered, chosen and used universally to power our industrial civilization during the last two centuries, and choose, overnight, something else, which is now in limited use (nuclear power) or is basically just emerging from the laboratory (solar power) or is understudied but dramatic in appearance (wind, tide and geothermal).
Rather than trying to catch the uranium roller coaster on a down loop investors who think about the long-term need to take a serious look at the naturally occurring radioactive metal, thorium, which but for the exigencies of the last truly global war and the need for some nations to defend themselves from other nations that would conquer them in the name of the latest and greatest social movement, or that old time religion, would have been the metal of choice for the development of nuclear powered electric generating stations.
Is it time for thorium to make its re-entry on the global stage? The answer is yes, and therein lays an opportunity.
Just about one year ago I wrote an article for Resource Investor entitled “Thorium: An Alternative to Uranium.” A lot has happened since then with regard to both uranium and thorium, but only the run up in the price of uranium has been covered by the financial press. Even that run up has been covered by short sighted analysts as if an increasing demand for uranium is a given. I want to bring the readers of RI up to date on the very significant events that have occurred in thorium power technology and the re-assessing of America’s thorium reserves since then.
There is no serious fundamental immediate or near-term basis of supply shortage to account for the tripling of the price of uranium in the last year. There are no more uranium fuelled nuclear power plants today than there were a year ago, and no new plants have been ordered in the United States. It is in fact not at all clear just who or what is buying uranium to increase the demand so substantially in such a short time. Uranium mining stocks are being traded in a frenzy that masks the discussion of whether or not there is any need for such an investment in uranium production. It is therefore absolutely necessary for investors to keep in mind the distinction drawn by television investment evangelist, “Mad Money Jim Cramer,” that short-term ownership of a stock is a trade as opposed to a long term hold, which is an investment.
There are lots of hazy stories around to justify the uranium frenzy. I have been told, for example, that uranium fuelled nuclear power plants scheduled to be decommissioned will now be kept in service, but this does not require any new supply! I have also read that China will build 20 new pebble-bed (i.e., cheap to construct) reactors to produce electricity in remote regions without the need for coal or oil in the next 20 years. But even Chinese long-term thinking wouldn’t justify buying so much nuclear fuel in advance, would it?
What has happened is that investors and mining companies are speculating on a nuclear power boom that they think will shortly begin due to the widespread concern, even fear, generated by the study of global warming, which holds that:
1.
It has been proven scientifically that the earth’s climate is entering a period of rapidly escalating global warming;
2.
It has been accepted that if this global warming has been caused by anthropogenic (i.e., man made) activity, and the IPPC is 90% certain that this is scientifically proven, then the primary bad actor is the carbon dioxide naturally formed by the burning of coal, oil and natural gas to produce electric power and vehicular propulsion, and;
3.
If the burning of coal, oil and natural gas for these purposes is not eliminated, or, at least, substantially curtailed (or, if it is held at present levels and all the carbon dioxide generated by stationary power plants is somehow “sequestered,” i.e. stored) then the global economy will suffer irreparable damage as the climate shifts permanently causing massive changes in the habitability and agricultural usefulness of the earth’s surface, and therefore coal, oil and natural gas must be replaced as sources of heat as soon as possible.
The only well understood, well-known and developed technology that can possibly, in a relatively short time frame, substitute for the generation of heat by the external combustion of carbon-based fuels is based on nuclear reactors, the heat from which can (and, indeed, now does) produce superheated steam to turn turbines to produce electricity. By locating nuclear power plants on shore lines, the electricity they produce could be used not only directly for commercial, municipal and residential power, but also to electrolyze water (including sea water) to produce hydrogen as a clean burning fuel for vehicular propulsion. The burning of hydrogen by internal combustion engines produces only water as a waste product, and the principle, and only draw back to the mass production of hydrogen powered internal combustion engines is the lack of a fuel production and distribution infrastructure.
Speaking of hydrogen for a moment, I think that investors should, perhaps, now be looking at Hydrogen Engine Center, Inc. (HEC), a company founded by an engineer who was with the Ford Motor Company when that company actually had a plan to maintain a leading place in the development of alternatively fuelled power plants. Ford discontinued the program, but the engineer did not. HEC is making and selling hydrogen fuelled internal combustion engines (ICE) right now, and its website has some good discussions of sources for hydrogen, other than the electrolysis of water, which I think are worth looking at. I am “warming” up to the idea of hydrogen powered internal combustion engines for mobile (vehicular) power plants both as direct motive power and as on-board sources of electricity generation either for direct application to the motive wheels or for recharging batteries as needed.
When I read the website of this company, and I read news articles about BMW, a first class automotive engineering company, putting hydrogen powered big engine (V-12!) cars on the test road, I am tempted to reassess my original scepticism about hydrogen as a direct fuel for ICEs in cars. What I haven’t changed my mind about is the mistake that the Ford Motor Company made in choosing development intensive paths instead of this one, hydrogen powered ICEs, for immediate consideration.
Now back to the main discussion. There are sufficient global uranium reserves to supply the needs of all the nuclear power plants that our global industrial civilization could build even if it is decided politically, because economically it is nonsense, to replace 100% of carbon burning plant currently generating electricity. There is also sufficient uranium to fuel all of these plants for centuries. Clearly the price of developing all of the known uranium reserves and looking for more will not be an issue if governments decide that this emergency is upon us.
The speculation that nuclear reactors will produce electricity so that, even if carbon burning power plants are phased out, there will be no reduction in available electric power is also driving into high gear (excuse the pun) research into the critical components for vehicles that can no longer use carbon-based fuels such as high capacity, long service life, rechargeable lithium-ion battery technology for plug-in hybrid electric ground vehicles (cars, trucks and trains) using storage batteries and a small internal combustion engine to generate electricity.
These are already seen to be themselves only an intermediate technology awaiting the arrival of a hydrogen distribution system in the next generation that will allow internal combustion engines burning hydrogen to either generate electricity directly to drive ground vehicles or be used to charge higher capacity batteries than we now have for propulsion systems.
Mobile hydrogen burning fuel cells may replace the projected substantial size battery packs and even on board hydrogen burning internal combustion engines for charging them if a fuel cell catalyst system can be found that doesn’t involve the need for huge amounts of platinum group metals that simply do not exist in the quantities required for global use even if hydrogen burning internal combustion engines completely replace hydrocarbon (gasoline and kerosene) and oxygenate (ethanol) burning ones thus eliminating completely the need for catalytic converters, which today are the principle demand drivers for platinum group metals.
In 1939, it was publicly announced that the fission of some of the isotopes of a few heavy elements had been induced by a man made experiment, which was in fact designed to build heavier elements not break apart the ones being targeted. It was immediately obvious to a few specialized scientists that if a system could be constructed in which the newly named “nuclear fission” were produced and controlled, i.e., it could be started and stopped, then a new source of, essentially, limitless power (heat) could be constructed that would not need to burn carbon-based fuels.
At the same time it was theorized that if sufficient quantities of the rare isotopes of uranium or thorium that exhibited the property of being fissile could be concentrated then it should be possible to, by known engineering, produce a special minimum quantity of them, a critical mass, in which once fission had been triggered by an outside source the fission would generate additional fission, through a chain reaction, so rapidly that a large quantity of the potential energy. Perhaps as much as a few percent would be released in a fraction of a second.
Investors and Shareholders,
For those investors and shareholders who never subscribed for information through the Vangold website, it is important for you to sign up for Email Alerts at http://www.vangold.ca
Please read the following articles contained in the links. The articles reference two geographical regions Papua New Guinea ("PNG") and Africa. Vangold acquired 7 mineral properties in PNG 4 years ago, and several concessions in Uganda Africa over the past 2 to 10 years. Vangold invested early in both regions and acquired numerous concessions, large land areas containing mineralisation zones. It is highly unlikely anyone would be able to secure those properties today for the small amount Vangold paid. Of importance, is those regions are now in play.
Major companies in the mining sector have shown a renewed interest in PNG as evident by the following 2 Bloomberg articles. Simply put, alot of money will be ear marked to explore, develop and produce new resources and infrastructure during the next several years. Both Vangold and it's jointly owned subsidiary Kanon Resources will continue their separate work programs in the region. As you know Vangold and its partner proposed to take Kanon Resources public. If you want to be on the Vangold Presidents List in regards to the financing of Kanon if and when it goes public, please email me at rmoriarty@telus.net
http://www.bloomberg.com:80/ap…=a5aqzZ8nI7Os&refer=china
http://www.bloomberg.com:80/ap…as5ZFxmxISo4&refer=canada
Prior explorers spent approximately $12 M US on properties Vangold acquired in PNG. From 2003 further monies were expended on the properties on a monthly basis by Vangold and it's JV partner. Vangold has approximately $300,000/month in cash flow and $6.5 M in the bank, and no long term debt. The large land areas associated with each project are situated over mineralisation zones, and are in close proximity to a number of existing mines and new findings in PNG. Vangolds website contains our project descriptions in PNG, and the National Instrument 43-101's. After an extensive review of data compiled by our geological team on our 2003-2006 Feni Islands drill program, (inclusive of panned concentrate stream samplings, biogeochemical analysis, etc), Vangold will test a completely new theory in an attempt to unlock the mystery at Feni Islands. Feni Islands is a Lihir look a like but it is also similar to the hydrothermal gold system on the Fiji Islands. Vangold intends to drill new targets shortly. Within 2 weeks, an article from Paul the Benjaminite will be posted on http://www.gold-eagle.com and thats where you will learn more about the new theory and new drill locations thanks to Pauls' review of the data.
In the same vein, there is a major push by mining companies to identify new resources located in Africa. In particular, the countries bordering Tanzania ie Rwanda, Burundi, Uganda, Kenya. If you never heard of the Kabanga nickel deposit in Tanzania, the following information will provide more insight on it. As you know, Vangold has several mineral concessions in Uganda. One of Vangolds' concessions is located in south western Uganda and borders Tanzania. Several of Jim Sinclair's articles in JS Mineset make reference to the Kabanga nickel deposit going up into Uganda. Thats why it is important for you to realize whats going on in Tanzania provided in the 3 links below. The Barrick-Xstrata Joint Venture in Tanzania is presumed to be the second largest unmined nickel deposit in the world behind Voisey Bay. Now that Jim Sinclairs' company International Tanzanian Royalty Exploration Corporation (Tan Range) has announced their intentions to drill in Tanzania, it won't be long before Vangold follows suit. Vangold got into Africa early, about 10 years ago and has acquired more concessions in the past 2 years.
The bottom line is Vangolds properties are worth more today than when they were acquired, and there appears to be a big push by the majors to find more deposits in those regions. Vangold's intention for 2007 is to commence several drill programs in PNG and Africa, and they are aggressively looking for further opportunities in the resource sector, (mining, and oil and gas projects).
The following information on Tanzania should provide further insight of the significance of Africa, and the close proximity of Vangolds projects in Uganda.
http://www.tanzanianroyaltyexp…r-Kabanga-Nickel-Progr... Tanzanian Royalty Exploration Corporation Announces Commencement of Work Program.
http://www.jsmineset.com/home.asp Please read Jim Sinclair’s Commentary about Barrick, Xstrata and the Kabanga Nickel Deposit.
http://www.tanzanianroyaltyexp…on.com/s/LakeVictoria.asp Here is a link to maps showing the location of the Kabanga Deposit
I've attached a link to a Vangold press release dated April 12, 2006 in regards to our projects in Kafunzo and Kilo Moto, Uganda. The Kafunzo area is located in Uganda on the Tanzania border, north of the Kabanga nickel/cobalt deposit in Tanzania. Kafunzo is the concession that Jim Sinclair references in their press release when he talks about going up into Uganda. The Kafunzo anomaly has been identified by a high amplitude aeromagnetic survey, reaching 1,700 nT. This anomaly occurs in folded flysh-type sediments and granites of the mid-Proterozoic Karagwe-Ankolean-Burundian system (the Kibaran Fold Belt) which, in Burundi and Tanzania, is characterized by a belt of mafic/ultramafic bodies hosting nickel laterites, nickel sulphide, and PGE mineralization. This mineralized belt has borne a significant discovery that is being actively developed by Falconbridge and Barrick, known as the Kabanga nickel/cobalt deposit in Tanzania south of Kafunzo. Here is the link.
http://investors.vangold.ca/ne…=V.VAN&lang=EN&title=null Vangold Kafunzo and Kilo Moto Press Release April 12, 2006.
I hope the information is useful.
Best Regards,
Robin Moriarty, BSc
Investor Relations for Vangold
Toll Free in North America 1 877 361 0002
Cell 1 778 899 1583
If you received this email in error or no longer wish to receive information about Vangold, please use the link remove@vangold.ca and your name will be removed.
FOR IMMEDIATE RELEASE
February 19, 2007 TSX.V: PAF
FRANKFURT: P2A
PAN AFRICAN MINING CORP. APPOINTS DR. ANDREW E. MOORE AS VICE-PRESIDENT, DIAMOND EXPLORATION, OF ITS EXPANDING AFRICAN PROGRAM
VANCOUVER, British Columbia – PAN AFRICAN MINING CORP. (the "Company") is pleased to announce that it has now appointed Dr. Andrew E. Moore, Ph.D., to serve as its Vice-President, Diamond Exploration. Dr. Moore has been directing the Company’s diamond program in Madagascar since 2005 as a senior geological consultant. He now heads the expanding program as an executive officer. Dr. Edward
Schiller and Dr. Felix Kaminsky also serve as senior consultants on the diamond program, which has a team of 12 full-time Malagasy field geologists and technicians on the ground in Madagascar.
Considerable milestones have been achieved to date in the Company’s Madagascar diamond program, which remains the focus of the Company’s diamond exploration efforts. However, new permit applications have recently been filed by the Company in Botswana and Namibia on ground deemed to be highly prospective for potential primary kimberlitic diamond sources. In addition, joint venture discussions have been underway concerning other prospective diamond properties in Lesotho and South Africa. Pete Siegfried, P.Geol., will be supporting the diamond program’s efforts in Namibia.
Dr. Andrew E. Moore, a South African national, received his Ph.D. in Geology from the University of Cape Town. He is a seasoned diamond geologist with over twenty seven years experience in Africa, having worked on major exploration projects for a wide range of companies including de Beers, Rio Tinto, Falconbridge and Trans Hex Group. Andy is well-known in the industry for his successful interpretations of kimberlitic indicator mineral anomalies in the Kalahari Desert environment of Namibia and Botswana, where he has been working previously. He will oversee the Company’s diamond program >from Antananarivo, Madagascar and his home in Maun, Botswana.
The Company now has five executive officers and two managing directors of its Malagasy subsidiaries. In addition to Dr. Moore they are: Irwin Olian (Chairman, President & CEO), Limor Rubin (CFO), Ardito Martohardjono (Vice-President, Laboratory Services), Jennifer Todhunter (Secretary), and Fafah Ramboasalama and Olivier Rakotomalala (Resident Managers in Madagascar).
About Pan African
The Company is an exploratory resource company with approximately 10,000 square kilometres of diversified mineral properties and 5,500 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for gold, coal, uranium, precious stones, base metals and industrial commodities. In addition, the Company is exploring two properties for gold and metals in Mozambique under a Joint Venture. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at http://www.panafrican.com
ON BEHALF OF THE BOARD OF DIRECTORS OF
PAN AFRICAN MINING CORP.
“Irwin Olian”
Irwin Olian
Chairman & CEO
Das PP ist durch und Pan African hat so viel Geld wie noch nie für die Exploration zur Verfügung.
Grüße GW
PAN AFRICAN MINING CORP. CLOSES $5.0 MILLION PRIVATE PLACEMENT
Vancouver, BC February 16, 2007
FSC / Press Release
PAN AFRICAN MINING CORP. CLOSES $5.0 MILLION PRIVATE PLACEMENT
Vancouver, British Columbia CANADA, February 16, 2007 /FSC/ - Pan African Mining Corp. (TSX - VX: PAF, FWB: P2A), (the "Company") is pleased to announce the closing of its previously announced non-brokered private placement offering which raised gross proceeds of CAD $5,000,000. Under the terms of the private placement, the Company issued 2,000,000 Units (the "Units") at CAD $2.50 per Unit.
Each Unit consists of one Common Share of the Company and one-half of one share purchase warrant (the "Warrants"). Each whole Warrant entitles the subscriber to purchase one additional Common Share of the Company at CAD $3.00 until February 15, 2009.
The Company paid cash finders\' fees of CAD $258,475, representing 5.17% of the aggregate proceeds of the offering and 147,700 finders\' warrants ("Finders\' Warrants"), where each Finders\' Warrant entitles the holder to purchase one common share of the Company at CAD $3.00 until February 15, 2009.
The Units and the Finders\' Warrants are subject to a 4-month hold period expiring June 16, 2007.
According to Irwin Olian, CEO of the Company, "It is extremely gratifying to see the strong support for our Company demonstrated by the swift completion of the private placement, which was oversubscribed.
It was comprised largely of investors and institutions from Canada, United Kingdom, and Switzerland. Closing of the private placement, coupled with recent exercises of incentive stock options, now leaves the Company with cash in excess of $8.2 million, its strongest financial position since inception. In addition, we have just concluded purchase of several new drill rigs and additional equipment and vehicles to accelerate our programs. These funds will be used by the Company to carry out all of its budgeted exploration programs in Madagascar across the mineral spectrum for at least the next 18 months. At the same time it will allow for retention of significant reserves for working capital and discretionary funds. We are excited about our prospects for 2007 and look forward to significant advancement of our projects this year."
About Pan African
The Company is an exploratory resource company with approximately 10,000 square kilometres of diversified mineral properties and 5,500 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for gold, uranium, coal, precious stones, base metals and industrial commodities. In addition, the Company is exploring two properties for gold and metals in Mozambique under a Joint Venture. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at http://www.panafrican.com
Eine spannende Woche ist für Pan African vorüber. Das GAP bei 2,65 CAD wurde geschlossen. Das PP scheint kein Thema mehr zu sein.
Und Sprott kauft fleißig Pan African. Sprott Asset Management war schon beim Private Placement im Juli 2005 beteiligt, kurz nachdem PAF die Rechte zur Uranexploration erhielt. Ein Schelm, der Böses dabei denkt.
Die 2,65 CAD könnten noch ´mal getestet werden. Danach ist der Weg nach oben aber frei.
Grüße GW
Ne, ne emoba,
Zitat...aber was hat sich geändert?
Die vorgegebenen Ziel- und Terminplanungen wurden einfach nicht eingehalten. Die Leistungen des Managements sind somit ungenügend. Kein Mensch zwingt das Management, Ziel- und Terminvorgaben zu machen. Wenn sie aber gemacht werden, sollten sie schon eingehalten werden.
Beispiele:
Im 2. Quartal 2006 hat Dal Brynelsen ein Spinoff der PNG-Aktivitäten des Gemischtwarenladens Vangold angekündigt und damit für viel Verwirrung gesorgt. Und hast Du bis heute wieder etwas davon gehört? Ich nicht!
Ende 2005 sollte in 2-3 Jahren die Goldproduktion in PNG starten. Heute, 1 1/2 Jahre später, gibt es noch nicht mal eine Ressourceneinschätzung!
Anfang letzten Jahres sollte nach Ostern 2006 die Killam Phase 2 starten, dann hieß es Herbst 2006 und heute hört man überhaupt nichts mehr! Und daraus wurde ein Cashflow von 20 Mio $ für 2006 prognostiziert. Ich hoffe, dass das wenigstens stimmt, sonst gibt es das nächste Desaster!
Ich bin raus, hoffe aber, dass alle, die noch investiert sind, dies nicht noch mal bereuen werden.
Grüße GW
ZitatWas kann man von Quacksalbern und Kurpfuschern wie Vangold VAN anderes erwarten?
Ich gehe heute noch einen Schritt weiter:
Was kann man von Tricksern und Lügnern wie Vangold erwarten? 
Ich bin raus!!!!
Vangold cancelt das WEST BUKANGAMA DRILL PROGRAM in Uganda, obwohl man im Dezember den sofortigen Beginn der Bohrarbeiten angekündigt hatte!!! Dieses Bohrprogramm sollte bis März abgeschlossen sein!!!! Jetzt wird es eingestellt! Denen glaubt kein Mensch mehr etwas!
VANGOLD RESOURCES LTD. TSX-V:VAN
NEWS RELEASE
WEST BUKANGAMA DRILL PROGRAM CANCELLED
February 13, 2007 - Vancouver, BC - Vangold Resources Ltd. (“Vangold”) – Vangold has decided not
to proceed with the planned drill program at West Bukangama in Uganda. The decision was taken
for a number of reasons. First, the project was delayed due to consent not being granted for use of
an access road through the Kilembe mine. Second, fieldwork showed that road construction through
difficult mountainous terrain was required to access the drilling location. The cost of this road, or the
alternative use of a helicopter, was considered too high for the size of the planned program and the
constraints on time with the driller.
The company has decided to postpone drill testing all targets on its Rwenzori properties pending
further work to define additional drill targets. Proposed works include aeromagnetic, EM and
detailed geochemical surveys. It is anticipated that this work would define new and better targets
along the Kilembe Schist Belt which could justify a helicopter-supported drill program or road
development prior to the drill program.
To find out more about Vangold Resources Ltd. please visit our website at http://www.vangold.ca or contact Dal
Brynelsen at 604-684-1974 or by email brynelsen@vangold.ca.
On Behalf of the Board of
VANGOLD RESOURCES LTD.
“Dal Brynelsen”
Eine neue, nicht besonders werthaltige Meldung:
http://media.integratir.com/V.VAN/PressReleases/Yup River Feb 07.pdf
Der Kurs hat auch nicht darauf reagiert.
Grüße GW
Pleiten Pech und Unvermögen
Nach dem Schweigen um die Seltenmetalle, der Desinformationspolitik in Bezug auf Kanon und der News-Panne von gestern ist mein Vertrauen in Vangold erst ´mal hin. Ich habe deutlich reduziert!
Grüße GW
