Beiträge von newtechxl

noch eine analyse:

http://www.321gold.com/editori…iarty/moriarty031405.html

http://www.321gold.com/editori…iarty/moriarty010505.html

Hi Folks

The financing is great news for Abcourt. The company will be in great
shape!

1) Abcourt will perform all suggested work from the 1999 Roche
feasibility
study. This will pave the way for Abcourt to go to production in the
spring of
2006.

2) Abcourt will drill up to 70 holes this summer at the Abcourt-Barvue
silver/zinc property. The holes will range in depth from 250 to 500
feet. The
drill program will upgrade the known resource. The program will also
include
exploration drill work at the east end of our resource where little
data
exists. This work may increase the size of our resource. We will have
an
exciting summer.

3) Abcourt will be in a financial position to continue advertising at
high
traffic precious metal sites such as Gold-Eagle.com. Renaud Hinse has
given me
the go ahead to step up the marketing of Abcourt Mines Inc.

4) An Abcourt shareholder is currently writing a review (essay) on
Abcourt Mines
Inc. The essay will be submitted to Gold-Eagle and various other sites
for
publication within the next ten days.

5) I am working on a few changes at our website which will better
market our
company. These subtle chamges should be implemented with 10 days.

All the best,

Joe O'Brien
Abcourt Mines

In achtzehn Monaten sollte die Mine dann laufen. Für fünf Jahre wird es eine open pit Mine sein, was zu geringen Kosten führt. In den nächten Wochen werden die Reserven noch erhöht.

Private placement of units for a total of $1,322,500

Mont-St-Hilaire, Quebec, Canada, March 14, 2005

Abcourt Mines Inc. (“Abcourt”) is pleased to announce that it has engaged Northern Securities Inc. (“Northern”) as agent to raise on a best effort basis ONE MILLION THREE HUNDRED AND TWENTY-TWO THOUSAND FIVE HUNDRED (1,322,500) dollars from the sale of units made up of one class B (common) share and a half warrant at $0.28 per unit (“offering”). One warrant will entitle its holder to buy one share at $0.42 for a period of two years. A total of FOUR MILLION SEVEN HUNDRED AND TWENTY-FIVE THOUSAND (4,725,000) class B shares will be issued. This total includes the 15% over-allotment of shares that the agent may sell within 60 days of the date of notice to the Stock Exchange. The shares are subject to a four-month hold period. If all the warrants included in the units are exercised, a total of TWO MILLION THREE HUNDRED AND SIXTY-TWO THOUSAND FIVE HUNDRED (2,362,500) additional shares will be issued. Northern will be paid $25,000 plus 10% of the aggregate gross proceeds of the offering. Abcourt will be responsible for the issuing expenses.

The proceeds from the offering will be used to complete our feasibility study and for a drilling program to increase and upgrade our resources. The drilling results may influence our mining plans. Our objective is to place the Abcourt-Barvue mine in production, in eighteen months. Abcourt has a competent management team to realize this work program.

To know more about Abcourt, please consult our web site http://www.abcourt.com and Sedar http://www.sedar.com.

FORWARD-LOOKING STATEMENTS : Except for statements of historical facts, all statements in this news release, including, without limitation, statements regarding forecasts, plans and objectives of Abcourt Mines Inc. - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

This press release was prepared by Abcourt Mines inc. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

The Company will issue 2,650,000 flow-through units (“FT Units”) and 2,792,000 non-flow-through units (“NFT Units”). The FT Units were sold at a price of $0.85 each and consist of one flow-through Common share and one-half of one non-flow-through warrant, where one whole warrant is required to purchase an additional non-flow-through Common share (a “Warrant Share”) for one-year from closing at a price of $1.10. The NFT Units were sold at a price of $0.75 each and consist of one non-flow-through Common share and one-half of one non-flow-through warrant, where one whole warrant is required to purchase a Warrant Share for one-year from closing at a price of $1.00. The company may pay finder's fees at up to the maximum allowed by the policies of the TSX Venture Exchange.

The Company intends to use the gross proceeds from the flow-through portion of this financing for the exploration and development of its Corey Property at Eskay Creek - to incur expenditures which qualify as Canadian Exploration Expense for the purposes of the Income Tax Act (Canada). The Company intends to renounce such expenses to the subscribers with an effective date no later than December 31, 2005. The net proceeds from the non-flow-through portion of this financing will be added to unallocated working capital.

Kenrich-Eskay Mining Corp. (the “Company”) is further pleased to announce that it has created a “Technical Advisory Board” whose expertise will be utilized to assist management in the upcoming 2005 Drilling/Exploration program on the companies Eskay Creek Corey property. The Committee will consist of Mr. Paul J. McGuigan, P. Geo, Mr. David Shaw, PHD., and Mr. Michael Hitch P. Geo. Their relevant biographies are as follows:

Paul J. McGuigan, P. Geo.; Mr. McGuigan is a principal of Cambria Geosciences of Vancouver, BC. He is a Professional Geoscientist registered with the Association of Engineers and Geoscientists of BC. He has 30 years of international experience in management of mineral exploration and mining operations. His industry expertise includes the exploration and/or discovery of significant volcanogenic massive sulphide, epithermal gold, IOCG and porphyry Cu-Au prospects and deposits. He has been active in exploration of the Eskay Creek region since 1979.

David Shaw, PHD; Mr. Shaw has been a professional in the resources sector, practising and employed in the financial and technical areas for 32 years, since graduating from the University of Sheffield, England. His main area of expertise is the mineral exploration sector in the investigation of structural controls of mineralization. He has applied his expertise in North and South America, Africa and Asia.

Michael Hitch P. Geo; Mr. Hitch joins the company’s Advisory Board after a 19-year career in the mining industry including senior level positions with leading mining and development companies including, TeckCominco, Echo Bay and AngloGold. Mr. Hitch also has extensive experience as a mining analyst and corporate finance professional with a number of investment dealers. He holds a Bachelor and Masters degree in Geology from Lake Superior State University and the University of Ottawa respectively, and is completing a Ph.D. in Environmental and Resource Studies from the University of Waterloo.

After final regulatory approvals and closing of this Private Placement along with the closing of the previously announced Private Placement (see news release of December 30, 2004), Kenrich-Eskay Mining Corp. will have raised an aggregate total of $5,847,375 for its 2005 Exploration/Drill program.

Abcourt kann nun auch in Deutschland gehandelt werden.

WKN 862198

Western Standard
Independent Voice of the New West

Canadian Zinc Corporation

By Leonard Melman

Mining history can be fascinating and few events have impacted the mining community like the collapse of the price of silver in 1980, when it fell from over $50 per ounce to barely $5.00 in just a few days. Yet, out of that collapse has emerged one of the most interesting of all current mining ventures.

When silver plunged during that fateful period, the Hunt brothers made headlines with their efforts to corner the silver market. Most observers attribute much of silver's price rise to those efforts and it was the subsequent fall in silver's price that played a prominent role in the sudden collapse of their financial empire.

However, the Hunt brothers left behind a most unusual legacy: a mining property located in Canada's Northwest Territories that was explored, developed and brought almost to completion-but one that has never operated.

The property is known as the Prairie Creek Mine and, following the financial demise of the Hunt brothers, the property was placed into receivership in 1982. Prairie Creek then sat dormant until 1992 when San Andreas Resources Corp.-later renamed Canadian Zinc Corporation-purchased the property and resumed development of the mine and surrounding properties.

During the period of San Andreas' subsequent development work, it was determined that zinc, not silver, was truly the mine's primary resource and subsequent studies determined that a profitable mine could be operated as long as zinc was priced at US$0.345 or higher. In fact, as of mid-February 2005, zinc's market price was on the order of US$0.60 per pound.

The most important use of zinc is in the production of galvanized zinc to prevent corrosion, particularly when it is used as a coating for iron-based metallic products. Zinc is also an ingredient in dry batteries and roof cladding. When used as zinc oxide, it is an important component of paints, cosmetics, pharmaceuticals and printing inks, while zinc sulphide is used for luminous dials, x-ray and TV screens and florescent lights.

Prairie Creek's geographic situation has been the source of some considerable difficulties through the years for two important reasons.

In the first case, the Prairie Creek mine is located in the southern Mackenzie Mountains of the Northwest Territories, in the area to the north of the Nahanni National Park Reserve, and is positioned along Prairie Creek in the watershed of the South Nahanni River. Nahanni National Park Reserve and the South Nahanni River are highly valued as recreational wilderness areas and have been designated as a World Heritage site and a Canadian Heritage River respectively.

Next, the entire area near Prairie Creek is involved in aboriginal land rights issues and negotiations involving Canadian Zinc, nearby aboriginal people-represented primarily by the Nahanni Butte Dene Band of the Deh Cho First Nations-and various federal and NWT regulatory agencies have been ongoing for many years. While the federal government has successfully negotiated land claim settlements with all other aboriginal peoples in the Mackenzie Valley, the Deh Cho claims alone remain unresolved.

Because of the property's situation involving both a particularly beautiful wilderness area and also unresolved aboriginal land disputes, the permitting process for Canadian Zinc has been, as noted in the corporate Due Diligence package, particularly "cumbersome."

Historically, all permits necessary to open the mine had been obtained in the early 1980s under the simpler, more relaxed standards of that era.

However, the company notes that "In 1998, a totally new regulatory management scheme was introduced in this part of Canada." Since that time, in order to obtain all currently required permits, a host of aboriginal and regulatory agencies have become involved in the process, including:

. Nahanni Butte Dene Band of the Deh Cho First Nations

. Department of Fisheries and Oceans

. Department of Resources, Wildlife and Economic Development

. Environment and Conservation, Department of Indian and Northern

Affairs

. Environment Canada

. Parks Canada

. Canadian Parks and Wilderness Society, Northwest Territories Chapter

. South Mackenzie District Office

. Water Resources, INAC.

Not only is the sheer number of agencies and departments somewhat daunting, so also is the variety of rules, regulations and laws which must be understood and followed. A short list of these might include:

. Northern Inland and Waters Act

. Canadian Environmental Assessment Act

. Mackenzie Valley Resource Assessment Management Act of 1998

. Gwich'in and Sahtu Land Claim Settlement Agreements

. Mackenzie Valley Land Use Regulations . Northwest Territories Waters Act and Regulations . Federal Real Property Act . Territorial Lands Act.

Despite all obstacles, Canadian Zinc was successful in obtaining permits to perform development work on the property, and this past year expended approximately $1.7 million while drilling 27 holes involving approximately 6,000 meters of drilling during 2004. In addition, an underground development program is planned for Prairie Creek during 2005, which will encompass 8,000 to 10,000 metres of underground drilling targeting both vein and stratabound massive sulphide mineralization.

Whatever else may be said about the Hunt Brothers, one reality is that they planned and financed a first-class operation at Prairie Creek. Canadian Zinc estimates that to replace the mine infrastructure and equipment the Hunts provided would now cost in excess of $100,000,000.

The Hunts also left behind a virtually complete mill with many parts still in operating condition, including ore bins, apron feeders, jaw crusher, cone crusher, screen, dust collection system and conveyors. Canadian Zinc commissioned a complete scoping study, completed in early 2001, which determined that the mine, mill and supporting facilities could be put into operation for a capital expenditure of approximately $22,000,000 if the mine operated for eight months per year using a winter road, or close to double that figure if an all-weather access road was constructed from the mine site to the Liard Highway.

Canadian Zinc estimates that the mine has sufficient reserves to operate for a minimum of 18 years and could provide enormous economic benefits to the area. Initially, a sizable number of jobs would be created for renovation, construction and road-building in order to bring the mine into production.

Once operational, it is estimated that 230 full-time employees would be required with an annual payroll of over $14 million. Using a standard multiplier of 2:1, it is estimated than an additional 460 spin-off jobs would be created throughout the Northwest Territories and the rest of Canada.

In addition, it is estimated that payments to government for corporate, income, employee and royalty taxes would amount to about $15.4 million, and third party contracts for catering, air transport, incoming freight, outgoing concentrate, mill supplies and general consumables would amount to another $20 million per year. And, in accord with the Prairie Creek Development Cooperation Agreement negotiated and signed in 1996, the Nahanni Butte Dene Band would be provided with a 5% equity interest in profits after taxation.

Hello Everyone

The past three days at the Prospectors Convention in
Toronto have proven to be very encouraging to Abcourt
Mines. Renaud Hinse and I met with brokerage houses on
Monday, Tuesday and Wednesday. I am happy to report
that although these meetings were only exploratory in
nature, all the brokers and analysts that we met with
were very impressed with our project. We expect to
receive one or two offers of financing in the near
future.

First, Abcourt would like to complete its feasibility
study this summer and conduct a drill program with the
intention of increasing and upgrading its total ore
resources. The summer drill program and feasibility
study is estimated to cost about $1,000,000.

The various groups that we met with this week also
expressed an interest in financing the re-opening of
the mine. The conditions of this second financing will
depend on metal prices and the results of the
feasibility study. Our objective is to be in
production in late spring 2006.

Abcourt is very encouraged with the reception that our
project has received.

Joe o´ Brien

@ Tschonko

Ok, macht Sinn . Hatte den Cortez Thread übersehen. Können die Unternehmen ja dort weiterbehandeln. Wollte nur mal eine weitere Recherche über die Unternehmen initiieren.

Grüße, newtechxl

Victoria Resource Corp. (http://www.victoriaresource.com) TSX-V symbol VIT.

Size of Cortez Trend land position: 209 square km.or 80.7 square miles
1) Mill Canyon (49% working interest) 93 square km, or 35.9 sq. miles. Located 1.4 km to the east of Placer Dome’s Cortez Hills discovery. June 30th Victoria announced: "Significant [drilling] results from OC-36 include 10.4 grams per tonne gold over 26 metres [at a depth of 503 to 529 meters]." Restated in the English system, they found .36 ounce per tonne (.3 and above is considered "high grade," and may be required to make certain underground mines economic.) over 85 feet (nice thickness, but how far and how long?) at an average depth of 1,692 feet. (most open pits do not go deeper than 500 to 1,000 feet, so we are probably talking about underground mining to get close to the Lower Plate). Victoria's Feb 8, 2005 news release announced the results of seven more deep holes drilled totaling 4,850 meters, which "outlined a very large `Carlin Style' alteration' system," however, unfortunately the additional drilling did not find any assay results for any significant lengths comparable to the aforementioned drill hole OC-36.
The "Newmont connection." Victoria also announced Newmont's renegotiated back-end right: "Newmont has a one-time back-in right [to earn a 51% interest in the property], which is exercisable during the period beginning on January 1, 2006, or upon completion of $5 million in expenditures on the property by Victoria, whichever is earlier.."
2) Hilltop-Slaven (49% working interest). 116 sq. km, 44.8 square miles. Newmont has a 51% back-in right, but Victoria has 100% lease on the mineral rights.
Outside of Cortez Trend in northwestern Battle Mountain-Eureka Trend
3) Preble-Pinson (49% working interest). 53 square km or 20.4 square miles. Newmont has a 51% back-in right. This is located east of Winnemucca close to where highway 789 and Interstate 80 intersect.
Active mines in Cortez: None. Historical mining includes working high grade silver veins on the Mill Canyon property going back to 1863.
Amount of proven reserves in Cortez: None. No resources, no production, no revenues yet.
Other projects outside of Cortez: None. 100% exposure to Cortez.
Fully diluted shares: 47.2 million shares, 33% insider
Working capital: $C3.3 million for last quarter ended 31 Aug 2004
Outside ownership/largest shareholders. 33% owned by Bema Gold.
Management/Strategy: Victoria is a pure exploration company, therefore the strategy is to keep drilling until they "hit." They have two rigs on the property, but have not published their drilling program yet. To finance the drilling, they have everything lined up through Newmont.

Bema Gold began with 28% ownership and increased its stake by buying up all of Victoria's new share issues. Bema retains a right of first refusal, and has stated an intent to hold its shares. As an adventuresome intermediate exploration company, Bema has demonstrated competence and longevity both with its very successful Kupol mine in Russia and it's promising (at $450+ gold) low grade copper and gold project at Cerro Casale in the high Andes of Chile (Bema owns 24%, and along with Arizona Star is joint-ventured with Placer Dome on this deal).

Analyst coverage: On 3 Aug 2004 Raymond James issued a "Strong Buy 1"-rated research report on Victoria Resources, which noted "Victoria's excellent drill results from the Mill Canyon property are quickly solidifying the company's initial geological theory that the property represents a faulted-off portion of the gold trend hosting the Cortez Hills and Pediment deposits to the west (page 1)...Four distinct zones were identified over a minimum width of 185 metres and a minimum length of 125 metres (page 12)...we assume at 15% probability of finding another Cortez Hills deposit and use a value of 5.25 million ounces (proven and probable reserves at Cortez Hills) multiplied by a market "in the ground" value of $US50 per proven and probable ounce [yields an expected value of C$41.4 million] (page 21)..."

The "X-Report" published 23 June 2004 by Haywood Securities of Canada, highlights Victoria Resources as one of the companies that it thinks will most likely benefit from the Cortez Trend development. The others include, in the order they are listed, White Knight Resources (TSX-V, WKR), Coral Gold Corp. (TSX-V, CLH), Miranda Gold Corp. (TSX-V, MAD), J-Pacific Gold (TSX-V, JPN), Levon Resources (TSX-V, LVNH), NDT Ventures (TSX-V, NDE), and Nevada Pacific Gold (TSX-V, NPG). This seems to be based on a theory that the real "action" will take place running north to south through the Cortez Hills Hubs.

CMQ Resources (http://www.cmqresources.com) TSX.V symbol CMQ.

Size of Cortez land position: 26.8 sq. miles
1) Montezuma (100% working interest) 12.4 sq. miles. Located NE of Cortez Hills area in Crescent Valley. This is next to Placer Dome/Kennecott's large Dean Ranch tract. According to the Sept 10, 2004 Loewen, Ondaatje, McCutcheon analyst report (Speculative Buy), from Nov 2004 to March 2006 CMQ Resources will drill 10 exploratory holes looking for Carlin, horst-type gold targets.
2) Vasquir (100% working interest) 14.4 sq. miles. Located 15 km NE of Cortez Hills. From Nov 2004 to March 2005 CMQ Resources will drill 10 exploratory holes here as well. Same types of targets as the Montezuma property.

Source: CMQ Resources

Martin Lambert, the President of CMQ Resources, told me that if I use pictures such as the one above from his web site, I need to emphasize that this is simply one of many unproven theories that his company is investigating. I like this cutaway picture because it does a nice job of illustrating for the layman how the valleys are filled with alluvium, how upper and lower plate strata are layered, and how intrusives can originate from deep within the earth. CMQ Resources has drilled down around 1,500 feet and hit something in the middle of Crescent Valley, but it has not drilled enough holes to prove that this thing labeled "Montezuma" is in fact a horst block structure. CMQ Resources considers it a Jurassic-aged [150-205 million years old] intrusive. Also, while attending the January 2005 Vancouver Resource Investment Conference, I did not hear any geologists validate the theory that the Pipeline deposit drifted from somewhere up Crescent Valley. Despite all of this, I still like the illustration.

Incidentally,"Alluvium" is "a general term for clay, silt, sand, gravel or similar unconsolidated detrital material, deposited during comparatively recent geologic time by a stream or other body of running water." An "allochthon" is "a body of rock that has been moved from its place of formation by tectonic processes, such as thrust faulting." An "autochthon" is a body "formed in the place where now found. Applied to a body of rock which has not moved from its original place of formation."
Projects outside Cortez
3) Kuusamo, Finland, (100% working interest) Exploration for Ni, Cu, PGM targets.
Active mines in Cortez: None
Amount of proven reserves in Cortez. None
Exposure to Cortez Trend: Currently the main focus of exploration efforts.
Total gold reserves in company. None
Total production None
Total Company revenues: None
Fully diluted shares: 65.4 million shares. Insider stake 46%. Institutions 19.9% According to Mineweb, Gold Fields acquired 11% (fully diluted) of the company's shares, significantly contributing towards the C$8 million working capital. Sprott Asset Management has 12.5%.
Working capital: C$8 million
Management/Strategy: Martin Lambert, the company's President, told me that you can drive by some people's homes in the Crescent Valley area and see bathing suits hanging out to dry from the enjoyment of hot springs literally in their backyards. (Nevada's answer to California hot tubs?) In addition to desirable hydrothermal characteristics, there are elevated mercury levels in the soil that can be a tell-tale sign. The Montezuma structure seems to have all the right conditions for hosting gold, except, of course, for sitting on top of the Cortez Trend fault system and already producing economic grades of gold in drill results. Mr. Lambert said Gold Fields has invested in his company, and one of its senior geologists is currently studying CMQ's properties. Placer Dome also has a large property nearby called "Dean Ranch." Obviously some staff professionals at two major firms think that there could be something worth exploring in the area.

Loewen, Ondaatje, McCutcheon issued an 18 page report (Speculative Buy) dated 15 June 2004 that gives a good overview of CMQ Resources and the geology of its properties in addition to the already cited two page Sept 10, 2004 update report (Speculative Buy).

BacTech Mining Corp (http://www.bactech.com) TSX-V symbol BM.

Size of Cortez land position: 55% interest in 36 sq. mile tract.
1) Tonkin Springs: According to BacTech, in 2003 it acquired a 55% interest in "U.S. Gold's Tonkin Springs gold property [which] encompasses 36 square miles located on the prolific Cortez/Battle Mountain Gold Trend in Nevada. A gold resource of 1,400,000 ounces [measured and indicated] has been defined. In addition, facilities include a 2,000 ton per day mill with a bioleaching circuit and complete mine, mill and tailings infrastructure were included in the US$1.75 million purchase price." According to U.S. Gold, BacTech "is responsible to fund $12 million to recommence gold production from the existing 1.4 million ounce gold resource."

BacTech's property is located immediately south of the Cortez Joint Venture area that hosts the Cortez Hills and ET Blue discoveries. BacTech's CEO, Ross Orr, believes that the Cortez Fault system runs down the spine of the Tonkin Springs property for 12 miles. Rifts can play an important role in gold formation, and the property sits in the middle of the intersection of the Northern Nevada Rift and Battle Mountain-Eureka Trend, as noted in the Klondex magnetic map midway through Part Five. No one has ever drilled down to the Lower Plate strata on this property, but instead all gold mining to date has been relatively shallow. Placer Dome's Cortez Hills discovery to the north ranges from 1,500 feet down to 2,500 feet. In some places the Lower Plate may undulate upwards to within 600 feet of the surface. BacTech will not know until it drills whether it will have to go down 600 feet or 2,000 feet or even further.

Source: BacTech and Mineral Information Maps

Projects outside of the Cortez Trend area:
2) China. BacTech has a right to back into bacterial oxidation projects proposed by a joint venture company.
3) Dizon Project, Philippines. BacTech is involved in a joint venture which is evaluating recovery of metal from the tailings at certain mines that can make use of bacterial oxidation technology.

Active mines or facilities in Cortez: According to CEO Ross Orr in his May 5th Tom O'Brien interview, BacTech originally bought the Tonkin Springs property with the intention of using it for bioleach processing. The Tonkin Springs site is a former gold producer with a mill and tailings infrastructure on site. The mill closed down due to low gold prices in the late 1990's. BacTech originally considered hauling ore concentrate from places as far away as Canada to its Tonkin Springs facility with hopes of eventually processing around 300,000 ounces a year. If the Cortez Trend takes off, BacTech will likely get surprise business from neighbors. The company is now evaluating returning Tonkin Springs to production most likely at a reduced production rate from the original plan. This might start at about 30,000 ounces a year, and perhaps ramp to 40-50,000 ounces a year over eight years. The cash costs of production could possibly range in the low to mid $200's. The bioleaching process can be modularized and scale well, and the required plant and equipment is relatively less expensive than alternative oxidation processes for lower production volumes.
Amount of proven resources in Cortez. 1.4 million ounces measured and indicated at Tonkin Springs property. Out of this 500,000 ounces are "proven and probable" @ $400 an ounce. This constitutes the total reserves in the company.
Exposure to Cortez: 90% with balance of effort to locate new projects for future development in various countries around the world.
Total production. None. BacTech intends to refurbish the bioleaching plant on its property. The production process is modular and should scale well if increasing business comes from Cortez Trend neighbors.
Total Company revenues: $253,184 for the 12 months ended Sept 2003, but none for the nine months ended Sept 2004.. Please note the annual report and most recent unaudited financial statements for expense data. .
Fully diluted shares: 63 million shares.
Working capital: $1.25 million as of Dec 31, 2004.
Outside ownership/largest shareholders. Largest shareholder is Sun Valley Gold, a private equity fund for 21%. Linx Resources, which bought its fund from Rothschild Australia, owns 10%. RAB Capital of London, UK, owns 6.6%. Veneroso Gold Fund owns 3.5%. Prudent Bear owns 3.5% plus $C3 million in BacTech debentures. Management has 7.7%.

Management/Strategy: "Bacterial Technology" (BacTech) was originally founded in Australia to develop bacterial methods to leach gold from certain amenable ores types, typically the "refractory" sort. "Refractory" means ore that resists normal chemical treatment such as cyanide to leach out the gold. Refractory sulfide ores can be decomposed by bacteria that eat away on the sulfur. This cuts out a number of toxic production steps and is much more environmentally-friendly compared to competing full process cyanide leaching and roasting methods.

BacTech has a strategic alliance with Mintek, the national metallurgical association of South Africa. According to Mr. Orr, Bactech and Gold Fields are the two global leaders in bioleaching technology. BacTech has successfully commissioned three gold bioleaching plants. Gold Fields operates four plants using its BIOX technology, to include the largest plant in the world in Ghana, and has many more plants on the drawing boards. The bacterial oxidation process has been commercially available for 15 years. Newmont Mining, incidentally, runs a large bioleaching process in northern Nevada, except that it uses an open air process for heap leach pads, whereas BacTech and Gold Fields bioleach inside tanks.

Bioleaching might leach out 95% of gold in refractory ore compared to 98% in competing pressure oxidation processes, however, it has the financial advantage of requiring much less capital investment for plant and equipment, which can be modularized and can scale well. Therefore, in volumes under several hundred thousand ounces of gold a year, bioleaching is normally more cost effective than alternatives.

BacTech's CEO told me that he is getting calls from major mining companies about structuring a joint venture exploration deal for the Tonkin Springs property. BacTech clearly faces many issues. One involves resolving whether to buy out or continue to joint venture with its 45% partner U.S. Gold Corp. Another issue involves whether or not to accept a joint venture deal from a major gold mining company or else try to find financing elsewhere. A third issue involves whether it wants to focus on gold exploration right now, or put it on the back burner and focus on developing bioleach plants around the world while its Cortez Trend neighbors hopefully prove up their properties and make the broader area better defined and more valuable.

BacTech's 2003 annual report states that its corporate strategy focuses on obtaining ownership of mining operations that use its bacterial processes. In other words, rather than just collect licensing, royalty, or consulting fees to install and run bioleaching plants, the apparent "sweet spot" is to buy equity exposure in mining operations that would otherwise be worthless without BacTech's technology. This could be a great strategy to obtain substantial upside equity exposure at a very low cost. BacTech's current problem is that the company has a significant cash burn rate and relatively little working capital in a very capital intensive business. (Welcome to the junior mining company sector!). However, the company also has ownership of proven and probable ounces that provide some cushion to its stock price as a bargaining chip to do deals and raise more money.

In Feb 2004 Raymond James of Canada gave BacTech a "Strong Buy" but later cut its rating after the stock had a run-up. In its April 2004 review, Veneroso Gold Associates felt BacTech shares were trading at a substantial discount to NPV based on the firm's Tonkin Springs resources alone. In his July 5, 2004 letter to shareholders, CEO Ross Orr reported that mining analyst John Kaiser also felt that BacTech was undervalued.

Press ReleaseSource: Nevada Pacific Gold Ltd.

Nevada Pacific Reviews 2005 Exploration on Joint Venture Properties
Wednesday March 9, 11:09 am ET

CALGARY, ALBERTA--(CCNMatthews - March 9, 2005) - Nevada Pacific Gold Ltd. (TSX VENTURE:NPG - News) is pleased to provide an exploration update on three Joint ventured projects Keystone, Limousine Butte and BMX. Placer Dome U.S. can earn a 60% interest in these properties by spending US$5 million on Keystone and US$4 million on Limousine Butte and BMX respectively over 5 years. Placer Dome U.S. can earn a further 15% in Keystone and Limousine Butte and 10% in BMX respectively by completing full feasibility studies. Placer Dome U.S. is preparing a series of exploration and drilling programs for these properties in 2005.

The BMX project, 100% owned covers approximately 20 square miles in the northeastern portion of the Battle Mountain/Cortez Trend located in Humboldt and Lander Counties, Nevada. Existing mines within seven miles of the BMX property have produced or have resources totaling over 26,000,000 ounces of gold. The southern portion is centered on the metamorphic effect caused by the Long Peak and Copper Basin intrusives and in the northern portion of the project by the Elder Creek porphyry.

In February of 2005 Placer Dome U.S. acquired earn in rights to the Long Peak property, which has been included in the joint venture agreement governing the BMX property. The Long Peak property is adjacent to the Bluebird portion of the BMX property. Historical drilling in the Bluebird/Long Peak area resulted in the northern most drill hole (DEW98-07) containing 10' of 0.135 opt gold from 25' to 35' and the southern most drill hole (DDH-1), located 5,000 feet south of DEW98-07, containing 3.5' of 0.767 opt gold, 32.5 opt silver, 0.83% Pb and 0.55% Zn from 910' to 913.5'. Three other holes also reported significant mineralization as follows: 50 feet of 0.147 opt gold; 50 feet of 0.058 opt gold; and 10 feet of 0.057 opt gold and 3.35 opt silver. Placer Dome U.S., under the operational guidance of Nevada Pacific, plans to explore and drill the Bluebird/Long Peak area in 2005.

The Keystone Project, 100% owned is comprised of 338 claims, 11 square miles. The project lies just 12 miles south of the Cortez Joint Venture (60% Placer Dome and 40% Kennecott), and is located on the Battle Mountain/Cortez Gold Trend. As a result of fieldwork conducted during the fall of 2004 by Placer Dome U.S. two priority areas have been identified. Currently Placer Dome U.S.'s planned 2005 exploration and drilling program will focus on these areas.

The Limousine Butte project, is 100% owned situated along the projected southern extension of the Carlin Trend. The 30 square mile property covers a very large hydrothermal gold system that exhibits alteration features indicative of sediment and structure hosted gold deposits found on the Carlin Trend and elsewhere in Nevada. A large quartz porphyry stock has intruded the sediments and the related copper-gold porphyry system has extensively altered and mineralized both the intrusive and the surrounding sedimentary rocks. Historical exploration has identified a 9 mile long area hosting five oxide gold zones containing a mineralized inventory of approximately 620,000 ounces of gold.

In late 2003 and early 2004 multiple reverse circulation and core drill holes were completed at Resurrection Ridge. The drill hole locations and orientations tested structural intersections, lithology, continuity, orientation and mineralogy of the high grade gold drilled in the Resurrection Ridge area. Positive results from the drilling included: 50 feet of 0.162 opt gold in drill hole RR03-1; 30 feet of 0.123 opt gold in RR03-2; and 60 feet of 0.248 opt gold in RRC04-07.

------------------------------------------------------------------------
From To
Hole Number (feet) (feet) Intersection in Feet Gold Grade in Ounces
------------------------------------------------------------------------
RRC04-07 290 305 15 feet averaging 0.111 ounce per ton Au
------------------------------------------------------------------------
355 445 90 feet averaging 0.176 ounce per ton Au
------------------------------------------------------------------------
Including 385 445 60 feet averaging 0.248 ounce per ton Au
------------------------------------------------------------------------

Placer Dome U.S. has completed detailed geologic mapping and sampling in the Resurrection Ridge pit area and to the southwest. Current data indicates the potential for additional mineralization to extend for an unknown distance southwest of the area. Placer Dome U.S.'s planned 2005 exploration and drilling program will focus on Resurrection Ridge including an area extending to the southwest.

Additional information regarding each exploration program will be released as available.

Mr. Curt Everson, P.Geol., M.Sc. is a Qualified Person as defined by National Instrument 43-101 and is responsible for program design and quality control of exploration undertaken by the Company in Nevada.

Nevada Pacific Gold Ltd. was founded in March 1997. The Company owns the operating Magistral Gold Mine in Mexico and an exploration property portfolio covering approximately 75 square miles of mineral rights including portions of two significant gold producing belts in the State of Nevada, the Battle Mountain/Cortez trend and the Carlin Trend. The Company's BMX, Keystone and Limousine Butte projects are under joint venture agreement to Placer Dome U.S. A description of these projects, including maps and photographs can be viewed on the Company's website at: http://www.nevadapacificgold.com.

ON BEHALF OF NEVADA PACIFIC GOLD LTD.

"Richard J. Barclay"

Genco Resources announced it raised C$4.3 million to further develop its La Guitarra Mine in Mexico. As I've stated before, the company is ramping up production. In fact according to my phone call with management, this past month may well have been the best production rate so far. Genco has been a company with fewer than average shares outstanding. This financing will bring it up to about 30 million fully diluted. That's still not excessive by any means.

Denke, dass die Ergebnisse gut sind. Bin jedoch kein Spezialist auf dem Gebiet.
Vielleicht gibt es ja einen Profi hier am Board der über das geologische Wissen verfügt.

newtechxl

Neue Bohrergebnisse:

http://www.scorpiomining.com/s…SENORA-PROJECT-SUPPORT...

Minvita to become Silver Exploration Company; Proposed name change to Silver Grail Resources Ltd.
Vancouver, British Columbia – Minvita Enterprises Ltd. (“Minvita”) and Teuton Resources Corp. (“Teuton”) announce that negotiations are continuing with regard to a swap of various half interests owned in jointly held mineral properties in the Stewart region. It is proposed that Minvita transfer its 50% interest in the Clone gold property in return for the 50% interest held by Teuton in nine silver properties. Upon completion of the transaction Teuton would own a 100% interest in the Clone gold property (currently under option to Lateegra Resources Corp.); Minvita would own a 100% interest in the Konkin Silver, Joker, Bud, Ram, Silver Mtn. , Silver Bell , Bay Silver, Silver Cloud and Silver Crown properties.

An independent committee is to be formed to assess methods by which such a transfer of property assets can be effected in a manner which is fair to shareholders of both companies. The transaction will be subject to regulatory and shareholder approval. In addition, a name change from Minvita Enterprises Ltd. to Silver Grail Resources Ltd. is proposed to reflect Minvita's singular emphasis on silver exploration, subject to regulatory and shareholder approval. No name change is planned for Teuton.

When the transaction is finalized, the Tonga property located west of the upper Kitsault River area will be the only property that is still jointly owned between Minvita and Teuton.. This property covers several streams within which silt geochemical sampling has previously identified multiple high silver anomalies. The Tonga was originally contemplated to be part of the gold-for-silver asset swap between the two companies, however the discovery of a significant molybdenum geochemical anomaly in 2004 changed the focus of interest. In the circumstances, it was considered prudent to retain joint ownership until the importance of the molybdenum anomaly could be established by further work.

Scheint ein interessanter Explorer zu sein. Hat 7 properties . eins in der Nähe von Eskay Creek Silver Mine

http://www.minvita.com/

MAX Molybdenum Project

Weitere Infos zum MAX Projekt!

Key Points
MAX is a large moly deposit hosting advantageous tonnages of high-grade resources
Existing production-sized underground workings allow for ready access
Small-scale mining of the high-grade zones could be started soon
Engineering and preliminary economic assessment is underway for two scenarios
Global demand for moly products has increased dramatically in 18 months
Long term moly outlook appears robust based on many factors
Roca's Focus
Maximize value by rapidly advancing two concurrent production scenarios;
CASE A: Fast-Tracked production of the high grade zones to get moly concentrate to market by late 2005, subject to a BC Small Mines Permit application
CASE B: Market larger scale project concepts to senior operating companies looking for size potential and potential long term moly production

MAX Molybdenum Project 43-101 Technical Report

Overview

Roca has acquired a 100% interest in the MAX Molybdenum Project, located approximately 60 kilometres southeast of Revelstoke, British Columbia.

The MAX Molybdenum project is distinguished among molybdenum projects by its significant drill-measured, high-grade resource within the large deposit. Roca's definition of "high-grade" is mineralization that could produce head grades in excess of 1% MoS2. Most of the world's other deposits are characterized by larger tonnages of generally much lower grade mineralization.

MAX has been the subject of a significant exploration and engineering program conducted by Newmont and Esso in the late 1970's and early 1980's. As a result of their $15 million effort the project boasts a large production-size access adit and a comprehensive geological, engineering and environmental database. Despite the extent and quality of the previous work, the project was never put in production.

The immediately accessible high-grade resources at the MAX present a tremendous opportunity for the MAX to deliver molybdenum concentrates in the near-term and at high market prices. Roca intends to maximize this opportunity and is working hard to achieve permitting and engineering towards a production decision in 2005.

Fast-track Mining Opportunity

The high-grade zones and existing access at MAX provide an unrivalled opportunity for fast-tracked production from the site while the BC Small Mines permitting process (pending application) could allow for noteworthy cash flow from the delivery of moly concentrates to market at currently high prices.

Having acquired the historic Newmont/Esso dataset for MAX, Roca is taking a different approach to the deposit from previous operators who focused exclusively on large tonnage mining scenarios that generally take years to permit and build. Roca recently retained internationally respected, Hatch Associates Ltd., to conduct independent engineering studies and preliminary economic assessments for MAX Project. Hatch will initially prepare cost estimates and financial models for a CASE A: Fast-track mining and milling operation of approximately 500 tonnes per day. Based on recent resource estimate by T.N. Macauley, P.Eng. the measured resource at a 0.5% MoS2 cutoff is approximately 1,010,000 tonnes grading an outstanding 1.01% MoS2. At the proposed small scale rate this may result in a 6 to 10 year mine life.

In order to further accelerate the production decision, Roca has concurrently prepared an application for a British Columbia "Small Mines Permit", a fast-tracked application process that would provide approval for production of up to 75,000 tonnes of ore per calendar year. Historically, small mines permits are receipted within six months of properly prepared applications to the province.

Like gold, molybdenum concentrators are 'scalable' meaning that a small plant will have the same operating characteristics and scaled down costs as a large plant. This is not applicable to many other metal concentrator plants where a minimum size is driven by the economics of the required process equipment. Roca is also evaluating the sale of such concentrates directly to buyers from the mine site versus shipping the product to a secondary facility for roasting, a process that converts molybdenum disulphide concentrate into molybdenum oxide.

Small scale equipment and plants are also more portable and readily available than larger plants, reducing delivery and construction time to be in production. A secondary benefit to starting smaller scale is that it allows for optimization of mining methods and processing in advance of an expansion from the mine while early cash-flow from high-grade allows for ongoing development of a larger mine if metal prices remain robust. And lastly, smaller mines require less capital for development and therefore have less exposure to changes in price.

Full-Scale Mining Operation

While the prospects of production from a small high-grade operation at MAX in 2005 are compelling, Roca is also advancing concepts for the development of a larger scale mine that would operate at a rate of approximately 2000-3000 tonnes per day. Described previously as CASE B, Hatch Associates Ltd. is also preparing a preliminary economic assessment for a larger mine based on a measured and indicated resource of 11,350,000 tonnes grading 0.36% MoS2 at a 0.20% MoS2 cutoff. The results of this study will be used to market the project to senior operators throughout 2005.

Because of soaring molybdenum prices, a key consideration of any engineering study will be to preserve the mineability of the larger system surrounding the higher grade zones. The global measured and indicated resource, 42,940,000 tonnes grading 0.20% MoS2 at a 0.10% MoS2 cutoff, remains open at depth and future exploration will focus on expanding this resource both at depth and in the areas surrounding the main deposit.

43-101 Molybdenite Resources

On September 21, 2004, Roca announced that a comprehensive geological report on its 100% controlled MAX Molybdenum Project was completed by independent qualified person and geologist T.N. Macauley, P.Eng. The following table provides a summary by cutoff grade and classification:

MAX Molybdenum 43-101 Compliant Resource Estimate
Cutoff Grade (% MoS2) Measured Indicated Measured + Indicated
Tonnes Grade
(% MoS2) Tonnes Grade
(% MoS2) Tonnes Grade
(% MoS2)
0.10 27,870,000 0.21 15,070,000 0.18 42,940,000 0.20
0.20 9,340,000 0.35 2,010,000 0.41 11,350,000 0.36
0.50 1,010,000 1.01 370,000 0.77 1,380,000 0.94
1.00 260,000 1.95 20,000 1.87 280,000 1.95

In addition to these estimates, Inferred Resources total 8,900,000 tonnes averaging 0.16% MoS2 at the 0.10 cutoff, including 460,000 tonnes averaging 0.33% at the 0.20 cutoff. All estimates were made manually by drawing grade contours at the 0.10, 0.20, 0.25, 0.50, 1.00% MoS2 levels on the 30 m (98 feet) spaced sections, and then dividing the material bounded by the contours into polygons, generally based on one or several drill intercepts. Bulk sampling of the underground adit, crosscut and drift rounds confirmed the grades of diamond drill holes and grade contours in those areas.

MAX Option Terms

MAX was previously explored by a joint venture of Newmont Mines Limited ('Newmont') and Esso Minerals Canada Ltd. ('Esso') from 1975 to 1982. Work expenditure during that period totaled $14.9 million. Work on the project was suspended by the Newmont-Esso joint venture in 1982 due to a price decline and poor market projection for molybdenum products. The core claims to the deposit were later staked by a prospecting team from Nelson, British Columbia with whom Roca finalized an option agreement in January of 2004.

Under the terms of its option agreement, Roca may earn a 100% interest by paying cash payments totaling $200,000 and by issuing 400,000 common shares to the vendor at certain dates up to January 16, 2007. In addition, the Roca must issue 200,000 common shares to the vendor upon the commencement of commercial production. To date, $100,000 in cash payments have been made and 200,000 common shares have been issued to the vendor. The vendor will retain a 2.5% net smelter return royalty subject to various conditions. Roca may purchase at any time prior to commencement of commercial production up to 60% of the NSR by paying $1,000,000 for each 30% ($2,000,000 for the full 60% of the 2.5% NSR).

On August 6, 2004, Roca acquired a 100% interest in certain crown grants, mining leases and mineral claims contiguous to the original MAX mineral claims. Under the terms of this acquisition agreement, Roca agreed to pay $100,000 (paid) for the contiguous property and original data detailing all previous exploration. This $100,000 has been included in acquisition costs for the year ended August 31, 2004. Roca has granted a 2.5% NSR, reducible to 1% upon payment of $2,000,000, and has agreed to issue 200,000 shares if it commences commercial production from any part of the newly acquired contiguous property.