Beiträge von GSP-Komet

DALLAS, Jun 18, 2007 (BUSINESS WIRE) -- A new research update has been issued on Sierra Gold Corp. (SGCP : sierra gold corp new com) by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com.
Anyone interested in receiving alerts regarding Sierra Gold Corp. research should email members@beaconequityresearch.com with "SGCP" in the subject line.
In the report, the analyst writes, "Sierra Gold is an emerging player in the gold and diamond mining industry. Sierra Gold owns the mining rights of Northern Star Resources Limited, which has mining properties covering 40 square kilometers in one of Sierra Leone's richest alluvial gold mining fields. Extensive assaying conducted by the Company suggests the presence approximately 936,000 ounces of high grade gold. At gold prices of $659 per ounce, this suggests the value of gold reserves exceeds $616 million."
Other companies in the gold production market include AngloGold Ashanti Ltd (AU : anglogold ashanti ltd sponsored adr) , IAMGOLD Corp (IAG : iamgold corp com) , Meridian Gold Inc (MDG : Meridian Gold Inc) , and Rangold Resources (NASD: GOLD).

By David Wessel
Word Count: 1,025 | Companies Featured in This Article: AngloGold Ashanti, BMW
South Africa is a miracle: Political power passed 13 years ago from a small white minority to a black majority without a bloodbath.

It didn't become Zimbabwe or Yugoslavia. "We went from being one of the ugliest societies in the world to the most hopeful," says Bobby Godsell, chief executive of gold producer AngloGold Ashanti. South Africa, he says with a touch of patriotic hyperbole, is becoming "a normal society with normal problems."

South Africa long will be regarded as a triumph of leadership. But it is also an economic experiment: Can a free-market, developing-country democracy -- blessed with gold, ...

JOHANNESBURG (MarketWatch) -- South Africa's Chamber of Mines, negotiating biennial wage agreements on behalf of the country's top gold producers, will make a new offer to trade unions when talks resume July 2, one of the unions said.
Solidarity and the National Union of Mineworkers this week declared a dispute with the gold producers after the Chamber declined to make a wage offer during the first round of negotiations.
"This dispute, which may lead to a strike, has now been suspended until the conclusion of the talks in July," Andre van der Merwe, Solidarity's mining general secretary, said in an e-mailed statement Thursday.
"Events on the first day of the negotiations proved that a tough negotiating season lies ahead for the gold mining industry. We have decided to hold off on the dispute as a sign of our commitment to a negotiated settlement," Van der Merwe said.
Solidarity added that it is nevertheless a fact that its members are anxious.
It said the rand gold price went up by 65% over the past two years. Technical analysts expect an upward movement in shares. The demand for gold currently exceeds supply and a report by PricewaterhouseCoopers found that no end is in sight for the increase in commodity prices. This has raised the expectations of employees.
The union added that on the other hand, there is increased price pressure on workers. The inflation rate stands at 6.3% at present and expectations are that these high levels will be maintained and may even climb slightly. The inflation rate for workers is even higher, due to the high inflation rates for food, medical care, transport and housing, which negatively affects the disposable income of workers. Worker inflation is currently calculated at between 8% and 9%.
The combined pressure brought about by the expectations of the workers in view of the industry's performance and inflationary pressure on workers creates a climate for tough negotiations.
-Contact: 201-938-5400

Last Update: 7:28 PM ET Jun 22, 2007

BILLINGS, Mont., June 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- STILLWATER MINING COMPANY (SWC : Stillwater Mining Company) reported that yesterday Stillwater Mining Company and the USW International Union had reached a tentative agreement on a new contract. The Union will be holding contract explanation meetings to explain the changes in the tentative agreement on June 25 & 26, 2007. Union members will vote on the contract June 25 & 26, 2007 from 12:00 pm (noon) until 9:00 pm. The vote will be tallied at the end of balloting.
The tentative agreement has the support and endorsement of the union's bargaining committee, and the company's bargaining committee. The company and union believe the tentative agreement is a fair and equitable agreement and that negotiations were handled in a professional, fair and diplomatic manner.
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation. The Company's shares are traded on the New York Stock Exchange under the symbol SWC. Information on Stillwater Mining can be found at its Website: http://www.stillwatermining.com.
SOURCE Stillwater Mining Company
John R. Stark of Stillwater Mining Company, +1-406-373-8700; or Steven Gentry of USW, +1-406-656-1439 http://www.stillwatermining.com

Last Update: 5:00 PM ET Jun 21, 2007

BILLINGS, Mont., June 21, 2007 /PRNewswire-FirstCall via COMTEX/ -- STILLWATER MINING COMPANY (SWC) reported that representatives for Stillwater Mining Company and the USW International Union, Local 11-0001 announced today that a tentative labor agreement has been reached, subject to ratification by its members.
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation. The Company's shares are traded on the New York Stock Exchange under the symbol SWC. Information on Stillwater Mining can be found at its Website: http://www.stillwatermining.com.
SOURCE Stillwater Mining Company
John R. Stark of Stillwater Mining Company, +1-406-373-8700; or Steven Gentry of USW, +1-406-656-1439 http://www.stillwatermining.com

PFN Finalizing 1st 100% owned Nickel Project, adjacent to Benton's King Lake Project, Labrador TSX: PFN OTCBB: PAWEF Frankfurt: P7J

Last Update: 10:40 AM ET Jun 21, 2007

ST. JOHN'S, NF, June 21, 2007 /PRNewswire-FirstCall via COMTEX/ -- Pacific North West Capital Corp. ("PFN")(TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) is pleased to announce that as part of its ongoing aggressive Platinum Group Metal and Nickel acquisition program, PFN is finalizing a series of new Nickel acquisitions in the province of Newfoundland and Labrador. Management believes that the province of Labrador and Newfoundland has untapped mineral potential and is under explored.
Utilizing new mining exploration technologies which have been enhanced significantly in the last 10 years, Labrador has undiscovered potential for the discovery of new world class deposits similar to CVRD Inco Limited's Voisey's Bay copper-nickel deposit.
Benton Resources and its partner Teck Cominco (the "Companies" ) are exploring the King Lake Nickel Project which is hosts to numerous high grade Nickel Copper showings (grab samples) that have returned up to 6.8% Cu & 1.9 % Ni (Source: Benton Resources press releases June 7, 2007). The companies have recently completed airborne geophysical survey which located and outlined several new electromagnetic anomalies.
PFN's management is currently finalizing its plans for its Phase One exploration program on this project. Updates on the progress of this project will be forthcoming.
About Pacific North West Capital Corp.
--------------------------------------
Pacific North West Capital Corp. is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.
The company has approximately over $8 million in working capital and securities.
In late 2004 PFN established a Nickel Division that is expanding and to date has an Option / Joint Venture in the Timmins Mining District with Xstrata. An extensive geophysical and ground proofing exploration program has been completed. PFN has expended approximately $1.69 million on the project to date. In May, a diamond drill program commenced to evaluate EM conductors to depths of 200 meters south of the Montcalm Mine claims, Timmins, Ontario. The targets are within the strike extension of the interpreted mine stratigraphy of the Montcalm Intrusive Complex (MIC). The program was expanded to 4000 meters in June 2007.
Stillwater Mining Company (SWC : Stillwater Mining Company) , the largest producer of palladium and platinum in the Western hemisphere, recently purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project. The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska. (put the Goodnews Bay Alaska)
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance portion of the Letter Agreement, Stillwater will expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will automatically be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.
In addition, PFN is exploring the River Valley Project, located near Sudbury, Ontario, joint ventured 50/50 with Anglo Platinum Limited ("Anglo Platinum"), the world's largest primary producer of platinum. Anglo Platinum has committed over $19 million to the River Valley Project to date and may earn a 60% interest in the project by completing a feasibility study and a 65% interest by funding it through to production.
Current measured resource is 8.53 million tonnes containing 353,200 ounces of palladium (1.29 g/t), 116,800 ounces of platinum (0.43 g/t) and 20,400 ounces of gold (0.07 g/t) and an indicated resources of 22.02 million tonnes containing 600,700 ounces of palladium (0.85 g/t), 212,800 ounces of platinum (0.30 g/t) and 39,000 ounces of gold (0.06 g/t) with an additional inferred resource of 2.39 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) using a 0.7 g/t cut off (pt/pd) (PFN press release March 22, 2007). The objective of the 2006 $1.1 million Phase 9A budget was to extend the new Platinum Group Metal mineralized horizons discovered during the 2005 fieldwork and to better understand the structural controls on the mineralization. Management recently presented Anglo Platinum with the 2007 work program and budget.
In 2006, PFN signed a Cooperation Agreement with SOQUEM Inc., a wholly owned subsidiary of the Societe Generale de Financement du Quebec ("SGF"), mandated to put new mines into production. Under the terms of the Agreement, PFN and SOQUEM are participating in a 50/50 joint venture with the objective of identifying viable PGM and base metal properties for further exploration. PFN and SOQUEM recently announced a Phase Two 2007 budget of $460,000 to advance work on reconnaissance properties in Quebec. The summer exploration program has begun on this project.
PFN management is currently negotiating and acquiring several new PGM and Nickel projects throughout North America more specifically in Labrador, Quebec, Ontario, Manitoba, Saskatchewan, British Columbia, North West Territories and Alaska.
The company has over $8 million in working capital and securities.
The Qualified Person for this release is John W. Londry, M.Sc, P. Geo, VP Exploration, Pacific North West Capital.
On behalf of the Board of Directors

"signed"

Harry Barr
President and CEO

The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release

Richmont Mines and Mountain Lake Resources Commence Next Phase of Exploration for Valentine Lake Gold Project
Work to include helicopter borne surveys and drilling

MONTREAL, QUEBEC AND PORT WILLIAMS, NOVA SCOTIA, Jun 12, 2007 (MARKET WIRE via COMTEX) -- Richmont Mines Inc. (CA:RIC) (RIC: richmont mines inc com) ("Richmont Mines") and Mountain Lake Resources Inc. (CA:MOA: news, chart, profile) ("Mountain Lake") have commenced the next phase of exploration work on the Valentine Lake Gold property, located in Central Newfoundland. As outlined in the National Instrument 43-101 compliant technical report (Jan. 2005), the Valentine Lake property has inferred mineral resources of 1.3 million tonnes grading 10.50 grams per tonne (g/t) gold. Cutting assays to 58 g/t gold, the average grade is 8.51 g/t gold, for a total estimated mineral resource of 359,000 ounces of gold in the Leprechaun Pond area.
The overall objective at Valentine Lake is to confirm and extend the gold mineralized zones of Leprechaun Pond, Valentine West, Osprey Pond, Victoria Bridge and Valentine East (Guano Pit), based on recommendations made in the Fall of 2006 by of InnovExplo Inc. ("InnovExplo"), an independent mining and exploration consulting firm based in Val-d'Or, Quebec, Canada. InnovExplo has concluded these main occurrences represent a significant gold potential and also illustrate targets for new discoveries at these locations. Soil geochemical sampling yielded anomalous gold values over the entire 22 kilometer structure. The potential of the area was shown at Valentine East, situated at kilometer 12-13, where historical drilling has identified a 40 to 50 meter wide zone of mineralized trondhjemite. Historical assays include: 30.87 g/t gold over 1 meter and 5.55 g/t gold over 5 meters.
"There has been very little work done to develop the regional potential of the Valentine Lake claim block as indicated by the kilometers of highly anomalous gold values from soil surveys taken by BP-Selco in the late 1980's. This next phase of work will be a significant first step in evaluating the gold potential of the rest of the property," stated Gary Woods, President and CEO of Mountain Lake.
Martin Rivard, President and CEO of Richmont Mines, commented "Since late last year, we have been diligently working on the exploration plan for the Valentine Lake property and are very anxious to finally begin this project. We believe there is excellent potential for significant gold discoveries outside of the immediate area of the Leprechaun Pond resource and intend to invest approximately $1.0 million in 2007 to acquire our 70% interest in the property."
The 2007 exploration program will include the following:
1) Helicopter High Definition Magnetic + Spectrometry + VLF borne surveys over a total of 1,800 km with 100 meter flight line spacing to cover all of the property. This work was started on June 1, 2007 and is carried out by Geophysics GPR International Inc.
2) Geologists and technicians from both Richmont Mines and InnovExplo will undertake ground follow up of the targets identified by InnovExplo and the airborne surveys (field work/prospecting/mapping/whole rock sampling and logistics).
3) A drilling program of 3,850 meters is planned on best targets outside of the Leprechaun Pond Zone, at the beginning of August 2007.
The Valentine Lake property is located in central Newfoundland, Canada, approximately 55 km south of the town of Buchans. Richmont Mines has an option to acquire a 70% interest in the Valentine Lake property from Mountain Lake by carrying out $2.5 million in exploration work by October 31, 2007. As of April 30, 2007, Richmont Mines has invested approximately $1.57 million on the project and intends to complete the option. Mountain Lake is currently acquiring its remaining 50% interest from Xstrata and should complete all of their option exercise requirements with Xstrata including the issuance of 1.0 million Mountain Lake shares by October 31, 2007.
About Richmont Mines Inc.
Richmont Mines is a gold exploration, development and mining company. Since it started production in 1991, the Company has produced close to one million ounces of gold from its holdings in Quebec and Newfoundland. Richmont Mines' strategy is to cost effectively develop its mining assets, exploit mineralized reserves on properties owned and acquired, or develop partnerships to expand its reserve base.
More information on Richmont Mines can be found on its website at: http://www.richmont-mines.com.
About Mountain Lake Resources Inc.
Mountain Lake Resources Inc. (CA:MOA: news, chart, profile) is a diversified junior mining and exploration company whose corporate strategy is to build shareholder value through the exploration and development of economically viable mineral properties. Current projects include: a 100% interest in the Bobby's Pond Base Metal Project; the Valentine Lake Gold Project, in which Richmont Mines Inc. is earning a 70% interest; and a 17.2% stake in Etruscan Diamonds (Pty) Limited of South Africa, a producing diamond miner. For more information visit: http://www.mountain-lake.com.
This news release was prepared by the companies' management teams, which assume full responsibility for its content.

Martin Rivard Gary Woods
President and CEO President and CEO
Richmont Mines Inc. Mountain Lake Resources Inc.

DALLAS, Jun 11, 2007 (BUSINESS WIRE) -- Pacific Gold Corp. (PCFG: pacific gold corp com) has been rated "Speculative Buy" with a target price of $0.90 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com.
Anyone interested in receiving alerts regarding Pacific Gold Corp. research should email members@beaconequityresearch.com with "PCFG" in the subject line.
In the report, the analyst writes, "Pacific Gold's business is identifying, acquiring, and developing proven, undeveloped mineral deposits in the western US. The Company is focused on gold as well as base metals such as tungsten and uranium. PCFG owns and operates five subsidiaries that control several thousand acres of mineral leases and mining claims in Nevada, Oregon and Colorado.
"PCFG plans to grow by purchasing or leasing existing mineral deposits across North America. According to management, with the acquisition of Project W, a large tungsten-based deposit, the Company had achieved approximately 55% of its goal in August 2005. To date, the gross value of PCFG's estimated gold, tungsten, vanadium and uranium resources approaches $1.7 billion, which make us to conclude that the 2009 target could be achieved."
Other companies in the gold production market include Barrick Gold Corp (ABX: Barrick Gold Corporation) , Gold Corp (GG: goldcorp inc new com) and Newmont Mining (NEM: Newmont Mining Corporation) .

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OptionMonster suggests Newmont Mining (NEM) may be a stock to watch.

COEUR D'ALENE, Idaho, Jun 15, 2007 (BUSINESS WIRE) -- James A. Sabala, Executive Vice President and Chief Financial Officer of Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) , will speak at the 43rd Minesite Mining Forum in London on June 19, 2007 at 7:30 a.m. Eastern time (12:30 p.m. London time). Mr. Sabala will present an overview of the company's strategy and growth prospects.
The slides used by Mr. Sabala will be available in the Investor Relations section of Coeur's web site, http://www.coeur.com. A webcast of the presentation will be available at the MineSite web site at http://www.minesite.com/webcasts.html.
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.

TORONTO, ONTARIO, Jun 13, 2007 (MARKET WIRE via COMTEX) -- IAMGOLD Corporation ("IAMGOLD" or "the Company") (CA:IMG) (IAG: iamgold corp com) (BSE: IAMGOLD) is pleased to announce results of an additional 12 holes from its Westwood underground exploration program, located near the Company's Doyon infrastructure within the Cadillac belt of the Abitibi region of northern Quebec. These results confirm the existence of 3 mineralized zones on the west side of the Bousquet fault; Zone 2 Extension, North Corridor and Westwood, as previously announced in a press release dated January 17, 2007. Highlights from these new zones include an intersection of 4 metres averaging 38.1g/t Au (hole R14208-06) and a one metre intersection averaging 102.3g/t Au and another one metre section averaging 6.7% zinc (hole R14219-06).
"There is tremendous potential within this camp. These results confirm the extension of the mineralized zones on the west side of the Bousquet fault," stated Joseph Conway, President and CEO. "Most of the intercepts in this campaign have shown visible gold and continue to return high gold grades. There are four drill rigs currently running on this project and results at depth are very interesting. We expect to complete an updated resource shortly."
Zone 2, in its occurrence close to the Doyon fault, was mined in the past as part of the open pit operation at Doyon, whereas both the Westwood and the North Corridor zones were identified in 2004 to the east of the Bousquet fault by a surface drilling program and based on 2004 estimates contain an inferred resource of 1.5 million ounces. The extension of these zones is significant and will have a positive impact on the potential future development of this project
The new drill results represent approximately 12,500m of drilling from January to May. The exploration program in this area consists of 25,000m of drilling and a 1,000m advancement of the exploration drift. In 2007 over $US 5 million will be spent on this program to develop the resource and the drift. The significant results for each zone are presented in Table 1. Additional information is shown in the plan view in Figure 1, the longitudinal sections presented in Figures 2, 3 and 4, and the cross section in Figure 5, which are also available on the Company's website: http://www.iamgold.com.
As a result of the success in this program, the Company's Project Development group has undertaken a scoping study to evaluate options on further development of this project. Results from this scoping study are expected in August.

TORONTO, Jun 12, 2007 (BUSINESS WIRE) -- Dhanoa Minerals, Ltd (DHNA) (FWB:D7Z) today announced to shareholders that the company's stock is significantly undervalued compared to local competitors that are situated in the same mineral-rich region in southern Ecuador.
"In the mining industry, nearology is a very useful analytical tool that is used to determine the potential viability of a property," said Mr. Lee Andrew Balak, president of Dhanoa Minerals, Ltd. "Nearology states that if a mine is surrounded by heavy producers with substantial deposits, then similarly substantial findings can be expected. Such significant findings have already been confirmed at our newly acquired properties."
The company plans to achieve production levels of 100,000 ounces of gold for the first year of production and 250,000 by year two. At a gold price of $680 per ounce, this would translate to $68 million and $170 million in revenues, respectively.
Dhanoa's three mines (Bonanza, Guanache, and Mollopongo) sit on the western end of the Ecuadorian metallurgical gold belt, which holds over 10 Million ounces of gold. A recent assay by an independent geologist confirmed samples of up to 300 Ag g/tonne at the company's properties.
Just east of Dhanoa Minerals' properties is the Quimsacocha Project owned by IAMGOLD (IAG: iamgold corp com) $7.73, which has reported reserves of almost three million ounces of gold and twenty million ounces of silver.
Adjacent to the North, are the Gaby and Papa Grande deposits owned by International Minerals Corporation (CA:IMZ) $5.28, with an historical resource production of five million ounces of gold. "We are surrounded by substantial producers in an area that has historically been known as a significant gold and silver producing region," says Balak. "We believe that our stock is significantly undervalued, and that the current share price Dhanoa represents a significant investment opportunity."
Other local competitors include major producers such as Aurelian Resources, Inc. (CA:ARU) $29.01, Corriente Resources, Inc. (TQ: cash technologies inc com) $3.90 (TSX:TQ) $4.32, and Dynasty Metals and Mining (CA:MM) $5.28.
About Dhanoa Minerals Ltd.
'Dhanoa' is a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties. Activities during the production and exploration stage include further development of the Company's business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.

TORONTO, ONTARIO, Jun 15, 2007 (MARKET WIRE via COMTEX) -- Lero Gold Corp. ("Lero", or the "Company") (CA:LER) is pleased to confirm that under the terms of the previously announced private placement agreement, the private placement of 466,840 shares in the Company at CAD$0.50 each ("Shares") to Gold Fields Exploration B.V. ("Gold Fields"), an indirect wholly-owned subsidiary of Gold Fields Limited, to raise CAD$233,420 has been completed. The Shares will be subject to restrictions on resale until October 13, 2007 in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
This is the second such placement by Gold Fields into Lero; the first being of five million shares at CAD$0.50 each, raising CAD$2,500,000 in November 2006. At completion of this second placement, Gold Fields' holding within the Company now totals 5,466,840 common shares (8.99%).
Lero has undertaken to expend at least CAD$2,000,000 of the gross proceeds from the initial private placement, together with all of the CAD$233,420 of the gross proceeds from this second private placement as exploration expenses on the tenements identified in the previous placement, being the Kentash, Taldybulak and Korgontash tenements in the Talas Region and the tenement identified in the second private placement, being the Barkol exploration licence, north western Kyrgyzstan.
In November 2006, Lero granted Gold Fields an option to enter into a joint venture agreement with the Company under which Gold Fields has the right to;

- earn up to a 60% interest in exploration licences on the Kentash,
Taldybulak and Korgontash tenements in the Talas Region by funding
exploration expenditures of up to CAD$10 million, and
- increase its interest in the project by a further 10% (to a total of 70%)
by funding the expenditure of up to a further CAD$10 million on a
feasibility study. Thereafter, Gold Fields and Lero will contribute to
the project requirements on a pro-rata basis through to development, if
appropriate.

In terms of this second private placement, Lero has agreed to extend this option to include the Barkol exploration licence as well.
President and CEO of Lero, Nick Clarke said:
"With recent positive exploration results from the Taldybulak copper-gold licence and with Gold Fields making this second investment into our Company, this can only be seen as yet another major step forward in the development of the Company's resources."
Notes to Editors:
Lero Gold Corp. (CA:LER: news, chart, profile) is a base and precious metal exploration company led by a senior management team with extensive expertise in mineral exploration and advanced project management.
In July, 2006 Oriel Resources Plc completed its previously announced transfer and sale of its gold related assets into Lero Gold Corporation ('Lero') (formerly ELE Capital Corporation - 'ELE'). Lero resumed trading on TSX Venture Exchange (TSX-V) on Thursday July 27, 2006 under the trading symbol "LER".
Lero Gold is currently seeking and evaluating advanced exploration stage gold and base metal projects in Kazakhstan, Kyrgyzstan and Russia. The Company is currently exploring two advanced staged gold deposits in the Tien Shan gold belt in the Kyrgyz Republic. For avoidance of confusion;

- The Taldybulak copper gold porphyry is a separate deposit from the
Taldybulak gold deposit previously owned by Central Asia Gold Limited.

The Company is aggressively adding high quality properties to its portfolios in Kyrgyzstan, Kazakhstan and Russia. The Company is well-funded and strategically positioned to fully participate in the current favourable investment climate through solid technical advances, unique in-country expertise, and timely business initiatives. With senior management and excellent technical expertise, Lero Gold intends to aggressively explore and develop a portfolio of new projects and targets.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Lero Gold Corporation Nick Clarke President & CEO +44 (0) 20 7514 0590 Lero Gold Corporation Darryl Yea Non-Executive Chairman (604) 699-2458 Lero Gold Corporation Gavin Dallas Marketing and PR +44 (0) 20 7514 0590 Lero Gold Corporation Patrick Elliot Manager IR (604) 643-1744 Email: info@lerogold.com Website: http://www.lerogold.com Bankside Consultants Michael Padley / Michael Spriggs +44 (0) 20 7367 8888
SOURCE: Lero Gold Corporation

Elsewhere, BMO Capital Markets was busy switching ratings in the mining patch. Gold Fields (GFI) received an upgrade to outperform from market perform, but Goldcorp (GG), Teck Cominco (TCK), Freeport-McMoRan Copper & Gold (FCX) and Century Aluminum (CENX ) were all dropped to market perform from outperform.

Gold Fields Burkino Faso Study Nearing Completion - I-Net
Gold Fields Ltd. (GFI), Africa's second-largest gold producer, is hoping to complete a bankable feasibility study on its Essakane project in Burkina Faso within the next three to four months, spokesman Willie Jacobsz said Tuesday.

VANCOUVER, BRITISH COLUMBIA, Jun 11, 2007 (MARKET WIRE via COMTEX) -- (All dollar amounts in United States dollars (US$)) -
GOLDCORP INC. (CA:G) (GG: goldcorp inc new com) is pleased to declare its sixth monthly dividend payment for 2007 of $0.015 per share. Shareholders of record at the close of business on Friday, June 22, 2007 will be entitled to receive payment of this dividend on Friday, June 29, 2007.
Pursuant to new tax legislation, Canadian resident individuals who receive "eligible dividends" in 2006 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends. All dividends paid in 2006 and subsequent years by Goldcorp Inc. are "eligible dividends" for this purpose.
Goldcorp is one of the world's lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas.

DALLAS, Jun 11, 2007 (BUSINESS WIRE) -- Pacific Gold Corp. (PCFG: pacific gold corp com) has been rated "Speculative Buy" with a target price of $0.90 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com.
Anyone interested in receiving alerts regarding Pacific Gold Corp. research should email members@beaconequityresearch.com with "PCFG" in the subject line.
In the report, the analyst writes, "Pacific Gold's business is identifying, acquiring, and developing proven, undeveloped mineral deposits in the western US. The Company is focused on gold as well as base metals such as tungsten and uranium. PCFG owns and operates five subsidiaries that control several thousand acres of mineral leases and mining claims in Nevada, Oregon and Colorado.
"PCFG plans to grow by purchasing or leasing existing mineral deposits across North America. According to management, with the acquisition of Project W, a large tungsten-based deposit, the Company had achieved approximately 55% of its goal in August 2005. To date, the gross value of PCFG's estimated gold, tungsten, vanadium and uranium resources approaches $1.7 billion, which make us to conclude that the 2009 target could be achieved."
Other companies in the gold production market include Barrick Gold Corp (ABX: Barrick Gold Corporation) , Gold Corp (GG: goldcorp inc new com) and Newmont Mining (NEM: Newmont Mining Corporation) .

Elsewhere, BMO Capital Markets was busy switching ratings in the mining patch. Gold Fields (GFI) received an upgrade to outperform from market perform, but Goldcorp (GG), Teck Cominco (TCK), Freeport-McMoRan Copper & Gold (FCX) and Century Aluminum (CENX) were all dropped to market perform from outperform.

Updates on Previous Picks

Goldcorp (GG) is also on the Watch List. Wait for this short pick to run back up to $25 to get a better entry. So far, that hasn't happened.

Last Update: 9:30 AM ET Jun 11, 2007

RENO, Nev., Jun 11, 2007 (BUSINESS WIRE) -- Battle Mountain Gold Exploration Corp. (BMGX: battle mtn gold expl corp com) ("Battle Mountain") is pleased to announce that the company plans to hold a special meeting of its stockholders seeking approval of a planned merger with Royal Gold, Inc. (RGLD: Royal Gold Inc) ("Royal Gold"). The record date for the special meeting has been set at June 27, 2007. Battle Mountain anticipates setting the date of the special meeting following the filing of the preliminary proxy statement with respect to the meeting with the SEC. The signing of the merger agreement with Royal Gold was initially discussed in Battle Mountain's April 18, 2007 press release.
Both parties have previously announced their agreement for Royal Gold to acquire Battle Mountain through a merger, pursuant to which Battle Mountain shareholders will exchange their shares for shares of Royal Gold. The Board of Directors of Battle Mountain to a large extent based its decision and the valuation for the acquisition on the closing price for Royal Gold on February 23, 2007. Each shareholder of Battle Mountain will receive approximately 0.017 Royal Gold shares on a fully diluted basis for each Battle Mountain share. At Royal Gold's closing price on June 8, 2007, the offer would amount to approximately $0.43 per Battle Mountain share however, this is not indicative of any future price of the Royal Gold shares. The acquisition remains subject to SEC review and approval of registration/proxy statement to be filed in regards to the merger. In addition, there are various other conditions precedent and closing conditions in the definitive merger agreement with Royal Gold, such as completion of satisfactory due diligence and settlement of outstanding litigation, which the parties are diligently working to satisfy.
In anticipation of this transaction, Royal Gold has obtained a binding support agreement in regards to approximately 18% of the fully diluted issued and outstanding common stock of Battle Mountain held by Mark Kucher, which provides that he will vote for and support the transaction. Another major shareholder of Battle Mountain, IAM Gold Corporation, has entered into a similar agreement, subject to their ability to accept a superior offer.
For more information, please contact Mr. Mark Kucher.
About Battle Mountain
Battle Mountain is a gold royalty company headquartered in Reno, Nevada. Battle Mountain has a diversified portfolio of thirteen producing, developing, and exploration gold royalties in seven gold producing countries.
On behalf of the Board of Directors,
Mark Kucher
Chairman and CEO
To learn more please visit http://www.bmegold.com or email info@bmegold.com.
Battle Mountain Exploration Gold Corp.
Sixth Floor, Suite 9
One East Liberty Street
Reno, Nevada 89504

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SOURCE: Battle Mountain Gold Exploration Corp.