Beiträge von newtechxl

  • Shoshone Silver - ehemaliger Silberproduzent

    Shoshone ist wieder in Produktion!!



    Shoshone Silver's Lakeview Mill in Operation
    Thursday September 20, 10:49 am ET



    WALLACE, Idaho--(BUSINESS WIRE)--Shoshone Silver Mining (OTCBB:SHSH - News) is pleased to announce that its Lakeview Mill has returned to operations. The mill is currently processing previously stockpiled material mined in the Lakeview District. Shoshone expects to continue processing this stockpiled ore through the beginning of the 2008 season.




    Improvements to the 100 ton per day facility include a new, self-contained water management system capable of supporting processing of up to 1000 tons per day, and a new system for handling ore designed to simplify operations. Shoshone intends to further upgrade and expand the mill as part of its overall Lakeview strategy.


    Shoshone holds 920 acres of land in the immediate vicinity of the mill, which includes the formerly producing Conjecture, Idaho Lakeview, Weber and Keep Cool mines, and a total of 1100 acres in the general Lakeview area. The company plans to begin exploration in the Lakeview District in late 2007 to early 2008.

  • Soltera Mining - WKN A0MTAL

    SOLTERA MINING –
    Mit 2 Millionen Unzen Gold vor Kursverdopplung


    Nachdem sich unsere beiden letzten Empfehlungen EMED MINING (A0EQ1D) und PEDIMENT EXPLORATION (A0DJ74) hervorragend entwickelt haben und binnen weniger Monate deutliche Pluszeichen von 50% bis 100% vorweisen können, möchten wir Ihnen heute einen neuen Wert vorstellen, welchem wir ebenfalls ein deutliches Kurspotenzial zusprechen.


    Wie auch bei den vergangenen Empfehlungen handelt es sich bei unserer Neuvorstellung um ein Unternehmen, welches über ein besonders herausragendes Hauptprojekt verfügt und unserer Meinung nach und auch der Meinung von führenden weltweiten Rohstoffkonzernen, das Potenzial zum Company-Maker besitzt.


    SOLTERA MINING (Frankfurt, WKN A0MTAL, USA: SLTA) ist eine noch sehr junge Explorationsgesellschaft mit Hauptsitz in Kanada. Neben einem herausragenden Hauptprojekt konnte in den vergangenen Wochen auch ein erfahrenes Managementteam zusammengestellt werden, das die Führung des Unternehmens neu ausrichtet.


    Der ausschlaggebende Punkt, warum wir auf SOLTERA MINING aufmerksam geworden sind, ist das neu akquirierte Hauptprojekt des Unternehmens. Durch eine Gesamtübernahme von INCAS MINERALS wurde die historische Goldmine EL TORNO in der argentinischen Provinz Jujuy akquiriert.


    Jujuy ist die nördlichste Provinz Argentiniens und die EL TORNO Mine liegt am nordwestlichen Rand von Jujuy, nahe an der Grenze zu Bolivien. Die nächste größere Stadt ist Santa Catalina, die sich etwa 20 Kilometer östlich des Projektes befindet.



    Die Vorgeschichte von EL TORNO


    EL TORNO ist eine Goldmine, in der bereits Jahrzehnte zuvor mit einfachsten Mitteln Gold abgebaut wurde. Das Hauptvorkommen ist eine 14 Kilometer lange und bis zu 14 Meter breite goldreiche Hauptader auf dem Gebiet. Durch die historische Goldförderung der Inkas sind noch mehr als 1.000 Meter an alten unterirdischen Minenschächten vorhanden.


    Das gesamte Gebiet besteht aus vier zusammenhängenden Abbaulizenzen, die eine Gesamtfläche von 7.800 Hektar umfassen. Besonders herauszuheben ist die vorhandene Infrastruktur auf und rund um EL TORNO. Die Mine ist ganzjährig über eine Straße erreichbar und Santa Catalina liegt nur ca. 20 Kilometer vom Projekt entfernt. Auf dem Gebiet sind unter anderem eine Verarbeitungsanlage zur Gesteinssortierung und ein Gästehaus mit sechs Schlafzimmern, zwei Badezimmern und vier weiteren Räumen vorhanden. Dieses Gästehaus eignet sich zur Unterbringung des Explorationsteams und erspart kosten- und zeitaufwendige Arbeiten, um ein Explorationscamp zu errichten. Außerdem gibt es noch ein Lagerhaus mit zwei Elektrogeneratoren und einer Wasserpumpe, die am nahe gelegenen Fluss angeschlossen werden kann.


    Nach dem jahrelangen einfachen Goldabbau auf EL TORNO hat das kanadische Explorationsunternehmen PUMA MINERALS die Eigentumsrechte erworben. Neben einem umfangreichen Probensammlungsprogramm zur Identifizierung der interessantesten Gebiete wurde in 1997 auch ein anschließendes Bohrprogramm mit über 2.000 Bohrmetern durchgeführt. In diesem 16 Bohrlöcher umfassendem Programm wurden Zonen außerhalb der bekannten hochgradigen goldreichen Hauptader getestet und auch in diesen weiter abgelegenen Zonen wurden Goldmineralisierungen festgestellt. Die Gehalte erreichten Werte von 0,65 g/t Gold über 56 Meter bis 3,38 g/t Gold über einen Abschnitt von 8 Metern. Für PUMA MINERALS war damals schon klar, dass EL TORNO eine große Goldlagerstätte ist und hatte das Projekt als Hauptfokus! Nachdem BEMA GOLD im Jahre 1998 die kontrollierende Mehrheit an PUMA MINERALS übernommen hat, wurde das Projekt im Zuge der Umstrukturierung zwangsweise abgegeben.


    Neuer Besitzer wurde anschließend kein geringerer als INDUSTRIA PENOLES (http://www.penoles.com.mx), dem weltweit führenden Anbieter von raffiniertem Silber! PENOLES führte ein umfangreiches Explorationsprogramm zwischen August und Dezember 1999 durch. Nach Auswertung der durchgeführten Probesammlungen und einem detaillierten IP-Survey zeigte sich das überdurchschnittliche Potenzial von EL TORNO.


    Es wurden Goldgehalte in der Hauptader zwischen 5 g/t und 37 g/t festgestellt und das Unternehmen schätzte das Potential eines ersten Teilabschnittes mit der Länge von 1,3 Kilometer und einer Tiefe von 100 Metern bereits auf mindestens 500.000 Unzen Gold!


    Aufgrund der positiven Phase I des Explorationsprogramms leitete PENOLES die nächste Stufe ein und mit Hilfe von aeromagnetischen Untersuchungen wurden nur ein Kilometer nördlich des alten Abbaugebietes weitere potentielle Goldlagerstätten entdeckt. PENOLES lies von einem Geologen einen Bericht über das Gesamtpotential der Liegenschaft erstellen, der sowohl die Explorationsarbeiten vom Vorbesitzer PUMA MINERALS als auch die eigenen umfasste.


    In diesem Bericht schätzt der Geologe, die Ausdehnung der goldreichen Hauptader auf 2 Kilometer Länge und einer Tiefe bis zu 400 Meter. Gemäß diesem Bericht ging PENOLES unter Einbeziehung der bisher vorliegenden Daten von einem Gesamtpotential von mindestens 2 Millionen Unzen Gold aus! Die prognostizierten durchschnittlichen Goldgehalte mit 5 – 10 g/t klingen ebenfalls äußerst viel versprechend und würden wirtschaftlich hochprofitabel abbaubar sein!



    SOLTERA MINING –


    Das Gold ist schon da, die Frage ist nur: WIEVIEL?


    Nachdem sich PENOLES aus dem Explorationsbereich gänzlich zurückgezogen hatte und sich auf die Raffinerien im Rohstoffsektor spezialisiert hatte, lag dieses „Goldstück“ für viele Jahre brach und unentdeckt.


    Heute, knapp 9 Jahre später und bei einem deutlich gestiegenen Goldpreis, gelang es SOLTERA MINING dieses Projekt zu akquirieren. Die bereits durchgeführten Arbeiten auf dem Gebiet und die umfangreich vorhandenen Explorationsergebnisse bieten klare Vorteile gegenüber vielen anderen Explorationsunternehmen.


    Das Gold ist schon da, SOLTERA MINING hat jetzt die dankbare Aufgabe die genaue Größe des Vorkommens zu bestimmen. Dies soll auch bei den Explorationsarbeiten in den nächsten Monaten die entscheidende Rolle spielen. Zur Leitung von SOLTERA MINING wurde der aus Italien stammende Geologe Dr. Fabio Montanari bestellt. Dr. Montanari ist seit 25 Jahren erfolgreich als Geologe für weltweite Rohstoffunternehmen am Markt tätig und seine Expertise in Südamerika wird bei der Entwicklung von SOLTERA MINING ganz entscheidend sein.


    3-Monats-Chart SOLTERA MINING in USD:





    Fazit und Bewertung:


    Die wichtigste Voraussetzung für eine positive Investmententscheidung bei der Auswahl von Explorationsunternehmen ist das Hauptprojekt des Unternehmens. Hier müssen grundsätzlich die folgenden Fragen gestellt werden:


    1. Hat das Explorationsunternehmen die Chance,
    den gewünschten Rohstoff zu finden?

    2. Besitzt das entdeckte Vorkommen eine lukrative Größe?

    3. Würde sich ein Abbau aufgrund der Größe und der Gehalte rechnen?


    Bei SOLTERA MINING lassen sich aufgrund der vorliegenden historischen Explorationsresultate von PUMA MINERALS und INDUSTRIAS PENOLES alle diese Fragen klar mit JA beantworten.


    Dies ist auch der Grund, warum wir diese noch junge Aktie als klaren Kauf einstufen und ein deutliches Kurspotential von über 100% vom aktuellen Niveau weg sehen. Wir raten zum spekulativen Kauf und sehen ein Kursziel auf die nächsten 6 Monate von 1,50 USD bzw. 1,10 Euro.

  • Soltera Mining - WKN A0MTAL

    Hier der Text von BBX:


    Note From the Editor on Featured Article: Soltera Mining Corp. is a new issue to the market which boasts an impressive management team. Their flagship El Torno Property is a past producing mine located in Northern Argentina. Historically, El Torno is a large gold-rich quartz vein up to 14 km long and 14 m wide that was worked by the Incas, Jesuits and Spanish. Most recently Latin Americas leading producer of refined gold, Peñoles, re-interpreted Puma Mineral's exploration drill data and after further work Peñoles estimated (non 43-101 compliant) that a 1.3 km length of the vein would have the potential for more than 500,000 ounces of gold to a depth of 100 m and that a 2 to 2.5 km length to a depth of 400 m would have potential for more than 2 million ounces (assuming a grade of 10 g/t). The vein has more than 1,000 m of underground galleries. The vein extends north-south, is sub-vertical, and is accompanied in places by a stockwork system of small quartz and pyrite veins that can extend up to 300 m from the main vein.


    Historical exploration had revealed results that are indicative of the exceptionally prospective nature of the El Torno claim which made it a highly sought after mining concession. The title holder has entered into exploration agreement with Soltera Mining Corp. and with irrevocable final option rights to purchase by Soltera makes this new opportunity to the markets an exceptional candidate for upside price valuation as Soltera executes upon its plan on such an impressive claim.


    Content found herein is not investment advise see Terms of Use, Disclosure & Disclaimer


    Soltera Mining Corp. (OTCBB: SLTA)


    (Frankfurt Stock Exchange: SN7)


    World-class technical leadership with a highly prospective claim


    "Dr. Fabio Montanari, Soltera's President/CEO, is a mining professional who literally wrote the book on mining (his text books are currently used by a number of universities in their mining graduate programs) and has personally relocated from Italy to the location of Soltera's prized El Torno mining project in Argentina to ensure success and maximize shareholder value - certainly an example of leadership that will "walk the talk" and one of a host of reasons for us to take the time to familiarize ourselves with what may well be one for the books. The recent addition of Dr. Kevan L. Ashworth to Soltera's board of Directors should give cause for astute investors to pay attention as Dr. Ashworth is internationally renowned for his extensive knowledge and background in the mining industry and is currently a Director of a number of companies involved in mineral exploration, and is retained as an adviser by several London investment organizations." Article by James O'Rourke



    Soltera Mining Corp. is a new issue to the markets, listed on the US OTCBB (ticker symbol SLTA) and on the Frankfurt Stock Exchange (ticker symbol SN7). Soltera has come to our attention, in part, due to the highly qualified management teams success in mining and the exceptional prospective nature of Soltera's flagship El Torno project in Northern Argentina that has the earmarking of a significant gold mine.

    Soltera Mining Corp. is an exploration stage company primarily focused on the exploration of its El Torno project in the province of Jujuy, Argentina. The El Torno gold prospect is a past-producing gold mine and Soltera believes that modern exploration techniques will allow for the further extraction of gold from the area.



    The El Torno project is located in the Andean Cordillera in the extreme north-west of Argentina near the international border with Bolivia. The region is at altitudes around 4,000 m and the nearest permanent habitation is the village of Santa Catalina about 20 km to the east. The property consists of four mining rights covering a total area of 7,800 hectares. Soltera has an agreement with the titleholder that includes payments totalling US$350,000 to 30th June 2010 and an obligation to spend US$1 million on exploration during the first two years of the agreement. Various additional payments can be made to extend the exploration period, and Soltera has an option to acquire the mineral titles.

    Historically, El Torno is a large gold-rich quartz vein up to 14 km long and 14 m wide that was worked by the Incas, Jesuits and Spanish and has more than 1,000 m of underground galleries. The vein extends north-south, is sub-vertical, and is accompanied in places by a stockwork system of small quartz and pyrite veins that can extend up to 300 m from the main vein.

    The prospect was investigated by Puma Minerals in 1997 who carried out more than 2,100 m of drilling; then by Peñoles in 1999, who undertook trenching, grab sampling, geological surveying as well as a geophysical IP survey. Soltera believes results from these two former exploration programs justify further exploration of the prospect.



    As the El Toro project is a past-producing mine going back centuries, the author of this article has independently investigated for the purpose of determining what type of historic results and observations serve as possible indicators and has learnt that impressive historic (non 43-101 compliant) numbers were recorded by Puma Mineral's 1997 drilling; Gold values for the main vein were between 5 g/t and 37 g/t and the stockwork system showed up to 23 g/t gold accompanied by silver in the ratio of 1:1. Subsequently Peñoles re-interpreted the Puma Minerals drill data and after further aforementioned work estimated (non 43-101 compliant) that a 1.3 km length of the vein would have the potential for more than 500,000 ounces of gold to a depth of 100 m and that a 2 to 2.5 km length to a depth of 400 m would have potential for more than 2 million ounces (assuming a grade of 10 g/t). Additionally, the current titleholder has recently (within the last year) mined parts of the upper 2 to 3 m of parts of the vein and an alluvial deposit near to the vein; the gold was recovered as particles and micro-nuggets, which suggests that gold in the vein is free rather than locked in pyrite grains. To be noted: the aforementioned are non 43-101 and are not to be relied upon for investment purposes, they merely form a basis for better understanding the prospective nature of the claim.



    Infrastructure on the El Torno Project is very good as the area is accessible by road all year round, and on the property there is a gravity concentration plant, a guest-house with 6 bedrooms, 2 bathrooms and four other rooms, a warehouse with two electric generators, water pumps and other facilities. Water is abundant in a nearby river.

    Soltera has stated they will undertake geochemical sampling, geological mapping and geophysical surveys throughout the area in order to define precise drilling targets. Soltera plans to commence the exploration program with geochemical prospecting to evaluate the presence of mineralization along and around the complete vein, as well as in specific areas of the stockwork system. Based on results of targeted geophysical prospecting, Soltera would undertake trenching and drilling to evaluate the economics of the deposit.



    Undervalued Opinion: El Torno is a large proven gold-rich quartz vein up to 14 km long and 14 m wide. With under 45M shares outstanding and this new issue trading under US$1 per share the likely upside potential is clearly evident considering the following 5 points... 1) the long history of mining on this highly sought-after claim, 2) the aforementioned historic exploration has given rise to quality indicators and opinions, 3) the fact that modern exploration techniques have not been applied to much of the claim area, 4) there appears to be good exploration potential in parts of the vein not previously intersected by drill holes or old workings (in fact - the three IP geophysical profiles carried out by Peñoles suggest the presence of a flanking structure with moderate to high chargeability that is located at depth between 50 and 125 m and has not yet been tested), 5) the calibre and dedication of management & technical leadership is second to none (see summary biographies of key management below).




    --------------------------------------------------------------------------------


    Soltera's Key Technical Leadership:


    Dr. Fabio Montanari – President/CEO: As President and Chief Executive Officer, Dr. Montanari is responsible for the overall management of Soltera, and has been mandated to grow shareholder value through further exploration and development of Soltera’s recently acquired rights to explore and purchase mining claims in Argentina via its wholly owned subsidiary Incas Mineral S.A. Dr. Montanari brings to Soltera a distinguished international mining career spanning over twenty-five years. Included is senior experience spearheading advanced exploration and mining activities for a host of internationally recognized exploration and mining companies in North, Central and West Africa, South America, Europe, Canada and the United States. Dr. Montanari’s responsibilities have encompassed various mining, operations, pre-feasibility and general management positions, including business development roles at the corporate management level. Dr. Montanari holds a doctorate degree in economic geology from the University of Ferrara, Italy. Additionally, he is the author of a textbook on economic geology, which has been adopted by several major Italian universities.



    Dr. Kevan L. Ashworth - Director: Dr. Ashworth's extensive knowledge and background in the mining industry makes him an extremely valuable addition to Soltera's Board of Directors. Dr. Ashworth was qualified at the University of Durham (Ph.D.) and the Royal School of Mines, London, UK, Dr. Ashworth commenced his industry career with eight years in Australia as a Geologist/Senior Geologist with BHP. This was followed by more than 30 years in the minerals industry, firstly as an independent contract economic geologist, and then as a mineral exploration and development consultant, based in the UK. He is currently a Director of a number of companies involved in mineral exploration, and is retained as an adviser by several London investment organizations.

  • Shoshone Silver - ehemaliger Silberproduzent

    kann dir nicht genau sagen, habe aber ein sehr gutes Gefuehl bei Shoshone. Das neue Listing stimmt mich sehr positiv. Da ist was im Busch! Alle anderen sind Pink Sheet und die haben sich bemueht und ihre financials in Ordnung gebracht was eine gigantische Arbeit ist wenn man 10 Jahre Pink Sheet war. Das macht man nicht ohne Grund!

  • Shoshone Silver - ehemaliger Silberproduzent

    --------------------------------------------------------------------------------
    Shoshone ist nicht mehr Pink Sheets! Das ist ein Anfang. Ich hatte gehoert, dass die bald ihre Mill wieder aufmachen. Kann das jemand bestaetigen?



    Shoshone Silver Mining Listed on the OTCBB
    Thursday August 23, 7:22 pm ET



    WALLACE, Idaho--(BUSINESS WIRE)--Shoshone Silver Mining (OTC:SHSH - News) is pleased to announce that quotations for its common stock appear as of today on the National Association of Securities Dealers' OTC Bulletin Board. Shoshone trades on the OTCBB under the symbol "SHSH."
    ADVERTISEMENT



    About Shoshone Silver Mining


    Founded in 1969 as a silver exploration, development and production company, Shoshone maintains a diverse portfolio of mineral exploration projects across the western United States and Mexico. Shoshone's core holdings are 920 acres of Lakeview District property in Northern Idaho. The company's Bilbao silver and base project in the Zacatecas Mining District is in late exploration stage with a JV partner.

  • Hunter Creek Mining - Silver Valley, Idaho

    Shoshone ist nicht mehr Pink Sheets! Das ist ein Anfang. Ich hatte gehoert, dass die bald ihre Mill wieder aufmachen. Kann das jemand bestaetigen?



    Shoshone Silver Mining Listed on the OTCBB
    Thursday August 23, 7:22 pm ET



    WALLACE, Idaho--(BUSINESS WIRE)--Shoshone Silver Mining (OTC:SHSH - News) is pleased to announce that quotations for its common stock appear as of today on the National Association of Securities Dealers' OTC Bulletin Board. Shoshone trades on the OTCBB under the symbol "SHSH."
    ADVERTISEMENT


    About Shoshone Silver Mining


    Founded in 1969 as a silver exploration, development and production company, Shoshone maintains a diverse portfolio of mineral exploration projects across the western United States and Mexico. Shoshone's core holdings are 920 acres of Lakeview District property in Northern Idaho. The company's Bilbao silver and base project in the Zacatecas Mining District is in late exploration stage with a JV partner.

  • Soltera Mining - WKN A0MTAL

    Soltera Mining Corp. Announces Appointment of New Director
    Wednesday September 5, 9:20 am ET



    JUJUY, ARGENTINA--(Marketwire - Sept. 5, 2007) - Soltera Mining Corp. (OTCBB:SLTA - News; FRANKFURT:SN7 - News), an exploration stage company, announced today that Dr. Kevan L. Ashworth has joined Soltera Mining Corp.'s Board of Directors.


    Qualified at the University of Durham (Ph.D.) and the Royal School of Mines, London, UK, Dr. Ashworth commenced his industry career with eight years in Australia as a Geologist/Senior Geologist with BHP. This was followed by more than 30 years in the minerals industry, firstly as an independent contract economic geologist, and then as a mineral exploration and development consultant, based in the UK. He is currently a Director of a number of companies involved in mineral exploration, and is retained as an adviser by several London investment organizations.


    Dr. Montanari, President of Soltera, stated, "Dr. Ashworth's extensive knowledge and background in the mining industry makes him an invaluable addition to Soltera's Board of Directors."

  • Soltera Mining - WKN A0MTAL

    hier zwei interessante news releases ueber das Management


    Soltera Mining Corp. Announces Appointment of New President and CEO
    Monday August 20, 9:30 am ET



    BUENOS AIRES, ARGENTINA--(Marketwire - Aug. 20, 2007) - Soltera Mining Corp. (OTCBB:SLTA - News; FRANKFURT:SN7 - News), an exploration stage company, announced today that Dr. Fabio Montanari, Economic Geologist, has joined Soltera as President and Chief Executive Officer. Dr. Montanari has succeeded Mr. Nadwynn Sing who will continue to serve as Soltera's Chief Financial Officer and Corporate Secretary. Dr. Montanari will be responsible for the overall management of Soltera, and has been mandated to grow shareholder value through further exploration and development of Soltera's recently acquired rights to explore and purchase mining claims in Argentina via its wholly owned subsidiary Incas Mineral S.A.
    ADVERTISEMENT


    Dr. Montanari stated, "I am very delighted to play an integral role for Soltera going forward. Soltera's goal will be to identify and prove reserves by exploring high value projects that can be fast-tracked to the development and production stage. Soltera's primary focus will be to aggressively explore and develop the historic El Torno former gold mine in Argentina. Soltera believes that El Torno may offer significant potential for fast-tracked development and multiple new discoveries."


    Mr. Sing stated, "Soltera has been extremely fortunate to engage Dr. Montanari as its President and Chief Executive Officer. I believe that Dr. Montanari has the knowledge and experience to bring Soltera to a new level, and I look forward to supporting his grand vision for Soltera."


    Dr. Montanari brings to Soltera a distinguished international mining career spanning over twenty-five years. Included is senior experience spearheading advanced exploration and mining activities for a host of internationally recognized exploration and mining companies in North, Central and West Africa, South America, Europe, Canada and the United States. Dr. Montanari's responsibilities have encompassed various mining engineering, operations, pre-feasibility and general management positions, including business development roles at the corporate management level.


    Dr. Montanari currently serves as a Director for RGM of Cagliari Italy, an advisory firm specializing in mining exploration, project assessment, and evaluation.


    Dr. Montanari holds a doctorate degree in economic geology from the University of Ferrara, Italy. Additionally, he is the author of a textbook on economic geology, which has been adopted by several major Italian universities.


    About Soltera Mining Corp.: Soltera is an exploration stage company, focused on further exploration and development of its historic El Torno gold prospect in Argentina. Soltera's primary mandate is to develop El Torno and to acquire further concessions that have high potential for near term discoveries and long-term sustainable returns.

  • Excalibur Resources

    Excalibur Resources enters LOI to acquire Silver King


    Excalibur Resources Ltd (C:EXBR)
    Shares Issued 46,841,271
    Last Close 7/5/2007 $0.06
    Thursday July 05 2007 - News Release


    Mr. Edwin Bergsteinsson reports


    EXCALIBUR RESOURCES LTD. ACQUIRES OPTION FOR SILVER KING MINE IN THE KOOTENAY DISTRICT, BRITISH COLUMBIA


    Excalibur Resources Ltd. has entered into a binding letter of intent with Arbutus Resources Ltd., a private British Columbia company, for an option to acquire 100 per cent of Arbutus's interest in the Silver King mine property comprising 24 Crown grants and six claims in the Kootenay district of British Columbia.


    Under the terms of the letter of intent, which contemplates the execution of a definitive option agreement by the parties, the corporation can acquire Arbutus's 100-per-cent interest in the Silver King property by making the following option payments in cash and shares:


    * $30,000 (plus a $1,500 reimbursement of 2007 taxes) and 70,000 shares upon signing of the letter of intent;
    * $40,000 and 90,000 shares on or before June 1, 2008;
    * $55,000 and 140,000 shares on or before June 1, 2009;
    * $70,000 and 190,000 shares on or before June 1, 2010;
    * $90,000 plus the greater of $250,000 or 125 per cent of the 2011 assessed value of each of the surface rights of certain lots comprising the Silver King property and 250,000 shares on or before June 1, 2011.


    The Silver King property is a former producer of silver and copper, located on Toad Mountain about 4.5 miles south of Nelson, B.C., at an average elevation of 6,000 feet above sea level. It is readily accessible from Nelson, with a road distance of approximately eight miles, and is located in proximity to several existing gold discoveries in the area. The claims were originally staked in 1885. In 1895, Hall Mines Co. Ltd. of London, England, began large-scale development of the mine and construction of a smelter at Nelson to treat the Silver King ores and ores from other mines in the district. Between 1889 and 1958, over 15 million pounds of copper and four million ounces of silver were produced from an estimated production of 222,721 tons. Most of this was produced before 1915 and was mined from the upper 100 metres of the Silver King veins. Development at this time included three portals, 10 levels, an internal and an external shaft. The main Silver King vein, one of several quartz-filled shears on the property, has been responsible for nearly all the tonnage mined to date.


    The corporation believes that the reported grade of the ore mined from the Silver King property at the turn of the century of almost 20 ounces per ton silver and more than 3 per cent copper constitutes an attractive exploration target. The corporation also believes that one of the most promising locations for finding vein material with minable grades is on the down-plunge extension of the portions of the Silver King veins, which have already been mined.


    No National Instrument 43-101-compliant technical reports have yet been completed on the Silver King property. The corporation intends to commission a National Instrument 43-101-compliant technical report for the purposes of confirming the exploration potential and economics of the property, and will prepare a budget for the exploration program.


    Under the terms of the letter of intent, the corporation is required to issue an additional 200,000 shares to Arbutus on receipt by the corporation of a positive feasibility study, either in the form of a preliminary feasibility study or a bankable study, or upon commencement of commercial production.


    In addition, Arbutus is entitled to receive a 3-per-cent net smelter return royalty on the Silver King property, which will be in an amount not be less than $50,000, adjusted by the Statistics Canada Consumer Price Index for British Columbia using 2006 as a base year. Arbutus is also entitled to receive an advanced royalty in the base amount of $50,000, adjusted by the Statistics Canada Consumer Price Index for British Columbia using 2006 as a base year, due on Dec. 31 in each year that the Silver King property is not in commercial production for a full 12 months, starting in the year in which the option is exercised by the corporation. The NSR will be reduced by the total of any advance royalty paid. Upon commencement of commercial production, the corporation will have the right to purchase 50 per cent of the NSR for $1.5-million.

  • Excalibur Resources

    EXCALIBUR RESOURCES CONDUCTS PRELIMINARY GRAB SAMPLE PROGRAM


    AT DELAMAR NORTH PROPERTY



    Vancouver, British Columbia, June 13, 2007 – The Company is pleased to announce that, in a preliminary work program, 15 additional grab samples have been collected from the Stinger Claim Block that forms the Company’s Delamar North Property. During the program, an extension to the vein system, approximately 240 meters to the northwest and along the north-northwest trending fault that overlays the Stinger Claims, was discovered. In addition, two more prospect pits were found. There are no known historical records available on these prospect pits, nor on the first mineshaft discovered on the Property in 2003.



    This sampling program was undertaken prior to and in preparation for a ground exploration program later this summer. The ground work will include the layout of a grid system, soil and rock sampling, a detailed analysis of the shaft area and a geophysics program to determine prospective drilling targets. Assay results are pending and will be announced when available.



    Excalibur Resources Ltd. is a junior exploration mining company focused on the discovery, development and mining of economically viable precious and base metal mineral resources. The Corporation is aggressively investigating the potential acquisition of other precious metal targets within the United States, Canada and northern Europe. The Corporation intends to acquire a portfolio of properties through project acquisitions, joint ventures and alliances.



    On behalf of the Board of Directors:


    “Edwin Bergsteinsson”
    Chairman
    For more information please contact:


    Investor Relations: 1 866 631 6537


    Email: info@excaliburresources.ca


    Website: http://www.excaliburresources.ca