KXL hat trading halt.
Auf den Spuren von NOT.
Auch am Freitag.......... 
Shorties ahoi!
Market Regulation Services - Trading Halt - Kodiak Exploration Limited - KXL
VANCOUVER, Oct. 19 /CNW/ - The following issues have been halted by
Market Regulation Services (RS):
Issuer Name: Kodiak Exploration Limited
TSX-V Ticker Symbol: KXL
Time of Halt: at the open
Reason for Halt: Pending News
Sie schleicht sich so langsam wieder an das ATH bei 4,19 heran.
Bin mal auf die Ergebnisse gespannt.
Der CEO von NOT gefällt mir schon aus dem grund,
zu welchen Zeitpunkten er die trading halts setzte.
Da wurden regelmäßig die short´s gesengt.
Blöd sind die nicht!
Und mich freut´s auch, dass die zu 1,5 eines machen.
Da hab ich was als Aktionär. Und 20 Mille....puhhh!
Hört sich alles gut an.
UC hat heute auch ein PP gemacht.
Die machen es andersrum.....
Grüße
tschonko
Jeden tag eine Rakete: + 100%
die haben wirklich was gefunden.
http://biz.yahoo.com/ccn/071018/200710180419780001.html?.v=1
In Mexico haben die auch ein schönes Gebiet.
Check it .....!
heron,
bei EDR schiebt der Hommelberg an.
EXM: irgendwo ist da ein Wurm, den ich nicht sehe. Viele shares, aber das allein?
EXN: longer geht´s nicht......
UC: andere fragen: Warum schon jetzt? Siehe VMS.
Die machen zuerst Ergebnisse und verkaufen nun zu 1,5.
Da freu ich mich als Aktionär......
Bei UC zuerst PP, dann Meldung.
Da freut sich der PP Ausüber, ich mich definitiv nicht.
Die brauchen das Geld für Mc Fauld´s, weil hier die Musi spielt......
So große chancen kriegt man selten.... 
Dass SEG.TO wieder fällt, verwundert mich auch.
aber die haben es alle schwer, die soeben zu produzieren angefangen haben.
Muss mal wieder fischen gehen.....
Was sagst du zu ECU, BGL, Garibaldi....?
Ziehen alle eine schleimspur.....
Grüße
Tschonko
Die holen sich doch glatt 20 Mille zu 1,5 pro share.
nicht schlecht, wenn man bedenkt, vor ein paar Wochen zu 0,2.
Das bezahlen Instis!!!
Was machen die wohl mit dem Geld?
Dass die aktie fällt, ist klar. Man verkauft die alten ab, man kriegt ja auch warrants.
Ich hoffe, die wissen, was sie tun, wenn sie bei 1,5 kaufen
http://www.marketwirecanada.com/mw/rel_ca.jsp?id=782364
Oct 18, 2007 08:12 ET
VMS Ventures Inc. Announces $19,500,000 Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2007) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
VMS Ventures Inc. ("VMS" or the "Company") (TSX VENTURE:VMS) is pleased to announce that it plans on raising up to $19,500,000 through a brokered private placement offering of Units and Flow-Through Shares. The private placement, which will be offered by a syndicate of agents led by GMP Securities L.P and including Evergreen Capital Partners Inc. and Jennings Capital Inc. (collectively the "Agents") on a best efforts basis, will consist of up to 8,000,000 units (the "Units") of the Company at a price of $1.50 per Unit and up to 5,000,000 common shares of the Company which qualify as flow-through shares for the purposes of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of $1.50 for each Flow-Through Share.
Each Unit will consist of one common share of the Company (a "Unit Share") and one transferable common share purchase warrant of the Company (a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price of $2.25 for a period of two years following the closing date of the private placement.
Closing of the offering is anticipated to occur on or before November 7, 2007 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The Unit Shares, Flow-Through Shares and Common Shares issuable upon exercise of the Warrants will be subject to resale restrictions for a period of four months plus one day from the closing date of the private placement.
The net proceeds from the sale of the Units will be used to fund ongoing exploration and development activities and for general corporate purposes. The gross proceeds received by the Company from the sale of the Flow Through Shares will be used to incur eligible Canadian Exploration Expenses ("CEE") that qualify as Canadian Exploration Expenses for purposes of the Income Tax Act (Canada) and which will be renounced in favor of the holders with an effective date of no later than December 31, 2007.
About VMS Ventures Inc.
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest land package considered prospective for nickel-copper mineralization at Lynn Lake, which is to date Canada's third largest nickel producing camp. The Company's project portfolio consists of the Snow Lake VMS project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project, the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite Complex, Specialty Metals property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark, CEO & Chairman
[Blockierte Grafik: http://www.ccnmatthews.com/logos/20070117-vms0117.jpg]
Die FLX.V hab ich heut nachmittag knapp verpasst.
10 Minuten früher und die Order zu 0,33 wäre ausgeführt worden.
VMS Ventures to Option Copperman Claims in Snow Lake, Manitoba
Wednesday October 17, 2:13 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 17, 2007 -- VMS Ventures Inc. (CDNX:VMS.V - News) (the "Company") has entered into a Letter of Intent to acquire the Copperman claims. Drilling on the Copperman property in 1967 by Western Nuclear Mines Ltd. indicated that the "A" zone contains 149,672 tonnes with 3.08% Cu and 3.08% Zn. Combined reserves of 221,308 tonnes with 2.63%Cu and 4.46% Zn were reported in Manitoba Mineral Deposit Series Report 21. Grab samples from the trenches assayed up to 12% Zn and 2.3% Cu. (Note: these are historic results and are not considered compliant with today's NI 43-101 reporting requirements). The reported mineralization is associated with altered felsic volcanic rocks that are exposed at the edge of the limestone cover rocks found in this area of Manitoba.
The Company's recent VTEM survey of the Copper claims indicates a moderate VTEM anomaly in the vicinity of the existing trenches and where the known mineralization on the Copperman claims occurs. A number of short strike length conductors exist on the property and some of the formational conductors can be traced for approximately 7 km along strike. This package of rocks is considered to be highly prospective and currently the Company is reviewing all available drill data and evaluating geochemical survey data to identify new drill targets. It is anticipated that drilling will commence on this property during the Company's planned 2007/2008 winter program.
The letter of intent (the "LOI") is dated August 16, 2007 between the Company (the "Purchaser") and a private investor group (the "Vendors") concerning the acquisition of all of the Optionor's right, title and interest (the "Interest") in and to Mineral Lease 28 (ML-28) located in the Province of Manitoba and referred to as the Copperman claims. The Copperman claims are approximately 300 ha in size and are contiguous with and situated at the north end of the Company's 100 % owned Copper claims.
View the map by clicking on this link. http://www.vmsventures.com/image019.asp
Pursuant to the terms and conditions set forth in the LOI, the Company will pay the annual lease fee of $2,800 and issue an aggregate of 1,100,000 common shares in the capital stock of the Company to the Vendors over a four year period, following which the Company shall be deemed to have exercised the option. The Optionor shall retain a 3% net smelter royalty on the Property. There is no provision for an Area of Influence with respect to the Copperman claims in the agreement.
The LOI is subject to approval by the TSX Venture Exchange.
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest land package considered prospective for nickel-copper mineralization at Lynn Lake, which is to date Canada's third largest nickel producing camp. The Company's project portfolio consists of the Snow Lake VMS project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project, the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite Complex, Specialty Metals property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark, CEO & Chairman
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Contacts:
VMS Ventures Inc.
Keith Patey
Director of Communications
(604) 986-2020 or Toll Free: 1-866-816-0118
Website: http://www.vmsventures.com
@edel,
ich hab nichts verändert, still holding.
Obwohl die schon zum traden ist und wird und wäre.
Stell mich da auf Berg/Thal ein.
Wenn ne meldung kommt, die nicht ganz so gut ist, dann geht es massiv runter.
Ist sie so gut wie die erste und alles auf VMS Gebiet, dann heißt´s:
NOT, wir kommen!
Hab ja gesagt zu Spider, dass die noch mal zieht. Hat se jetan!
VMS läuft auch weiter zur zeit
Grüße
Tschonko
Seg ist gegen den trend gestiegen, weil die nicht die Pappen halten können..
Trading halt und resource increase update.
http://biz.yahoo.com/ccn/071017/200710170419437001.html?.v=1
Das hat auch EDR und sie sind nun dabei, die verminderte produktionlatte einzuhalten. Passt!
Ist dieSEG wegen dem Film gestiegen gegen den trend?
Mexico Mike zu scorpio.
Der drückt das besser aus, dass es ihm stinkt...
SPM is a paid advertiser of this website, and I am a shareholder. I know Glenn peronally and consider him to be a reputable guy. But I do not buy that explanation.
A warrant is a contract, plain and simple, with clearly defined terms. I have some of that warrant issue, and I have the right to buy more shares until the expiry date, at a fixed price. It is MY option to exercise them or not. The company may not compell me to exercise them early or at all. So if the management of SPM issued guidance that they have the money they need to proceed with the mill construction and then blame warrants that were not exercised, that is a crock. You do not count your chickens before they hatch. No one in management that I am aware of has a crystal ball, and could guarantee that the stock would even be trading above the exercise price next week or next year. So you cannot build a financial plan on the assumption that the warrants would be cashed in early.
Now even if they did have a commitment from a major warrant holder to exercise them early, and that institution backed out, then why should SPM do a $20 million financing? Why not just a few million bucks to cover the gap in funding until the expiry of the warrants and the subsequent conversion of most of them, to bring in the rest of the cash?
This story is not square. Someone either made unreasonable assumptions and is guilty of flawed guidance, or someone dropped the ball on the moneyflow and they are bailing themselves out with a big placement.
Or, they have a deal up their sleaves that they cannot talk about, which will make the whole issue worthwhile at some point in the near future.
For the time being, I will wait until I hear more, but I am not impressed with what I have seen so far.
cheers!
mike
_________________
Ignorance can be fixed but stupid is forever.
Mit dem Scorpion kriegt man einen Vogel!
möcht wissen, was die vorhaben.
Heute trading halt und dann resumption, a b e r keine meldung dazu.
Dann machen sie ein 20 mille financing und haben eh genug Cash.
Vorher vermelden sie, eine dilution sei nicht notwendig....
Planen die eine Übernahme?
Fragezeichen????
Und dann noch der Deal mit Bactech.
Das Update von BM.V hab ich unten ankopiert.
Es verwirrt mich. Vor allem die China Verwicklungen..
Und das mag ich gar nicht.....
BacTech Provides Update
Tuesday October 16, 11:00 am ET
TORONTO, ONTARIO--(Marketwire - Oct. 16, 2007) - BacTech Mining Corporation ("BacTech" or the "Company")(TSX VENTURE:BM - News) resumed trading on the TSX Venture Exchange (the "TSX-V") on October 4th after receiving approval from the TSX-V. The stock had been halted on September 4, pending an announcement of the Company's proposed acquisition of Scorpio Gold Corporation ("Scorpio"). Full details are provided in news releases dated September 6 and October 3, 2007.
The following is a summary of recent events involving BacTech and/or Scorpio.
BacTech/Scorpio Merger - The proposed merger between BacTech and Scorpio Gold is proceeding as planned, with a Definitive Agreement to be signed shortly. BacTech will call a meeting of shareholders to vote on the merger which constitutes a change of control of BacTech pursuant to the policies of the TSX-V and, following conditional acceptance of the merger transaction by the TSX-V, will deliver an Information Circular to shareholders pursuant to which shareholders will be asked to vote upon and approve the proposed merger transaction. BacTech has secured expressions of support from over 40% of its shareholders.
Cochrane Hill, Nova Scotia - Scorpio's 60% joint venture partner on this property, Atlantic Gold of Australia, issued a press release on September 14th outlining an increase in grades at Cochrane Hill. Please refer to Atlantic Gold's press release at http://www.atlanticgold.com.au to view the details of the revised estimates. Atlantic is undertaking a complete re-assessment of the historical core to better understand the deposit, the results of which will determine a meaningful resource estimate and follow-up drill program.
Golden China Resources Corporation - On August 7, 2007, BacTech and Mintek of South Africa signed an agreement with Golden China to sell their back in rights and a gold license to use BacTech's patented BACOX technology in China, and North and South Korea. BacTech/Mintek received 847,000 shares of Golden China as compensation, with a deemed value of $0.59 per share, or $500,000. On August 13, Golden China received a friendly takeover offer from Sino Gold Mining Limited, an Australian based company with extensive holdings in China. The offer contemplates Sino issuing 1 share of their stock for every 4.5 shares of Golden China, which will result in BacTech/Mintek receiving 188,000 shares of Sino. Sino's stock recently has traded in the AUD$7-8 range, resulting in a value of AUD$1.2M to $1.5M. BacTech will own 50% of the shares to be issued by Sino.
2 Boys Uranium Property, Quebec - Last month, the Company optioned a uranium property located approximately 40 km north of Godbout, Quebec, as announced in a news release on September 17. The $5,000 finder's fee will now be paid to Exploration Esbec in cash, and not through the issue of 25,000 common shares of BacTech as previously announced. The property currently consists of 73 map designated claims covering an area of 4,058 hectares; 50 claims are 100% owned by BacTech and 23 claims were optioned from local prospectors.
The Company has received a detailed report for the property that outlines a two-phase work program. Phase 1 will include magnetic and radiometric geophysical surveys and follow up sampling, and will begin shortly. Phase 2 will be contingent on positive results from the initial program.
Recent interview - The link below is an interview with Ross Orr, BacTech President & CEO. It can also be found on the Company's website (http://www.bactech.com) under Investor Relations - Related Info.
http://www.investorideas.com/F…esources2/BM/default.aspx
BACTECH PROFILE
BacTech has developed and patented bacterial oxidation technology for the treatment of refractory ores and concentrates to enhance the recovery of gold, silver and base metals. BacTech has successfully commissioned three bioleach plants for gold and demonstrated its technology in the selective recovery of base metals from complex sulphide concentrates in a joint project with Industrias Penoles de C.V. of Mexico that was completed in 2001. The Company's focus is the acquisition of equity positions in projects amenable to bioleaching.
The Company recently agreed to purchase the gold assets of TSX-listed Scorpio Mining Corporation in exchange for common shares of BacTech, which will result in Scorpio Mining becoming the controlling shareholder of BacTech. It is expected, subject to the receipt of BacTech shareholder approval, that the resulting company will be renamed Scorpio Gold Corporation.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled "Risks" in the Company's Management Discussion and Analysis for the Year Ended December 31, 2006. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.
Shares outstanding 57,457,205
The TSX Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of this release
Contact:
Ross Orr
BacTech Mining Corporation
President & CEO
(416) 813-0303 ext 222
(416) 596-9840 (FAX)
Email: info@bactech.com
Website: http://www.bactech.com
Heute wieder guter Umsatz und es geht zur Sache!
Day's Range: 1.15 - 1.67
zur Zeit 1,48
ATH: 1,52
Na endlich!
Ausführlicher bericht mit vielen Bildern
http://madisonaveresearch.com/07goldinsight02.htm
Auszug:
For those not familiar with the story, time to pay attention is now as in Q4 2007 Metanor Resources will commence gold production, pouring their first gold bar. Metanor will become a gold producer at their 100% owned Bachelor Lake Gold Mill in the prolific Abitibi mining District of Quebec. With the refurbishment of Metanor’s 1000 tonne capacity per day mill, initial mill output from the Q4 test batch is ready. Production next year should accelerate to 45K oz in 2008, ramping up to 65K oz in 2009. The mill is configured to produce dore bars of approximately 90% gold, with a small component of silver. MTO.V appears to offer exceptional opportunity; their 2008 and onwards EPS will likely be very significant as a debt free unhedged gold producer. The current market cap relative to expected revenues is disproportionate (analysts report pegs $3 per share price). With plans to readily upgrade the resource base from over 500,000 oz of gold to over 1,000,000 oz, with approximately 60M shares outstanding and currently trading under CDN$1/share, the present valuation of MTO.V provides exceptional opportunity for investors. (See additional upside valuation commentary in footnotes).
Cabo über 0,7.
Wenn da nicht der teufel im Detail steckt, dann liefern die ein super ergebnis.
2-3 Mille plus. Dann sehen wir den $.
Da hat ja schon einer (da Kärntner!) eine wette verloren heuer....
Aber i wett nimma....
Zitatch wiederhole mich, Cabo goes Energold vom Anfang Nov. 06....
http://chart.finance.yahoo.com/c/1y/c/cbe.v
[Blockierte Grafik: http://chart.finance.yahoo.com/c/1y/c/cbe.v]
heron,
feine sachen ausgesucht.
Alexis: dass da nichts geht versteh ich nicht.
Müsste ein Highflyer 08 werden.
UC: läuft halt zur zeit.
Impact: da werden sich noch viele wundern.
Der weltmeister der engen veins....
Die können das......
ECU: ich versteh die vergrätzung, weil sie einen Scheißdreck produzieren. Man vergisst aber, dass das langsam ein unheimlich großes deposit ergibt.
http://biz.yahoo.com/ccn/071016/200710160419150001.html?.v=1
EXN: huiii, das pfeift.....
http://biz.yahoo.com/ccn/071016/200710160419114001.html?.v=1
Grüße
Tschonko
UC zieht ein bisserl mit NOT mit.
Da werden die nächsten Meldungen spannend.
Was auch für einige andere Werte gilt, bei denen es in den letzten Monaten nur leise zuging. EXM, Garibaldi und auch ECU/GOG werden zur zeit präpariert.
Dass auch ein paar beispiele dabei sind.....
Nur, ich vernehme sie schon und es kommt Vorfreude auf.
Bei mir kommt im November so einiges aus der Speku und dann werden die G´wichteln neu verteilt.
Zur Zeit hab ich auch etwas Cash im Depot, so viel hatte ich das ganze Jahr nicht.
Gut, das hätt ich im august haben sollen.....
Aber dann könnte ich mich überhaupt zurücklehnen und Däumchen drehen.
Ist sowieso langweilig hier.......
Sechter!
grüße
Tschonko
PS:
Die Liste der Aussteller auf der Edelmetallmesse hat´s in sich.
http://www.edelmetallmesse.com/de/aussteller-minen.php
So, der nächste hängt sich an.
Company reagiert nicht.
Ich bin raus mit ein paar € Verlust, wart da mal ab.
Bei lawsuits hängt die Partie meist.
Ansonsten sind die mindestens 2$ wert, wenn es halbwegs läuft sogar 5$.
Value,
bei GAM hab ich nichts darüber gehört. Depending wie man sagt.
Da bin ich auch raus ..
grüße
Tschonko
Brower Piven Announces the Filing of a Class Action Lawsuit Against Atlas Mining Company
Monday October 15, 1:02 pm ET
BALTIMORE, MD--(MARKET WIRE)--Oct 15, 2007 -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the District of Idaho on behalf of purchasers of the common stock of Atlas Mining Company ("Atlas" or the "Company") (OTC BB:ALMI.OB - News) between March 31, 2005 and October 9, 2007, inclusive (the "Class Period").
The complaint alleges that during the Class Period the Company, and certain of its officers and directors, violated federal securities laws by issuing various materially false and misleading statements that had the effect of artificially inflating the market price of the Company's securities and causing Class members to overpay for the securities.
No class has yet been certified in the above action. If you are a member of the proposed Class, you may, no later than December 11, 2007, ask the Court to allow you to serve as lead plaintiff for the proposed Class. To serve as a lead plaintiff, you must satisfy certain legal requirements. In making your decision, you should take into account that those with large financial losses resulting from the alleged federal securities law violations are given preference in being appointed lead plaintiff.
If you have suffered a net loss for all transactions in Atlas Mining Company securities during the Class Period (including shares or calls purchased during, but retained after, the Class Period or put options sold but not covered until after the Class Period), you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven (without obligation or cost to you) at http://www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. The partners at the firm responsible for this case have combined experience in securities and class action litigation of over 40 years. If you choose to retain counsel, you may retain Brower Piven, or you may retain other counsel of your choice.
Man schaue sich die Karte genauer an:
Das 0702 loch liegt sschon nahe am Optionland von Hudbay.
Wäre aber auch nicht die tragik.
30% VMS und Hudbay muss es zur Produktion bringen.
VMS Ventures Inc.: 2nd Drill Program Planned at Reed Lake Discovery Zone, Snow Lake, Manitoba
Monday October 15, 1:09 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 15, 2007 -- VMS Ventures Inc. (CDNX:VMS.V - News) (the "Company") is pleased to announce that a drill has been sourced for its second core drilling program on and around its recent Reed Lake VMS discovery. A program consisting of up to 3,000 metres in 13 core holes is planned. The Company anticipates drilling will begin within 10 days.
This drill program is designed primarily to determine the extensions, orientation and geometry of the copper-rich mineralization discovered in RD 07-02 and to explore for its extension as suggested by the VTEM geophysical anomaly that extends to the west and south on to the Company's Mineral Exploration License 268A (MEL 268A).
In addition, core holes will test conductors in the areas of RD 07-04 and RD 07-05, which are approximately 1,000 and 1,400 metres respectively east of RD 07-02. Drillholes from both these sites encountered alteration that is considered distal to VMS deposits and additional drillholes are required at both sites.
The mineralization and alteration assemblage intersected in RD 07-01, RD 07-02 and RD 07-03 is typical of other VMS deposits found in the Snow Lake area. As previously reported, each of the three drillholes intersected chlorite altered felsic volcanic rocks along the south side of a VTEM conductor. Holes RD 07-02 and RD 07-03 intersected a solid sulphide interval with a pyrite-sphalerite cap that is stratigraphically overlain by layers of magnetite and chert. Drillhole RD 07-01 appears to have been stopped short of the target VTEM conductor in chlorite altered volcanic rocks. These VMS deposits characteristically consist of multiple lenses of mineralization that are associated with a single time-space horizon.
These additional holes should also assist in determining the extent of the mineralization on the Company's Mineral Exploration License 268A and on the HudBay optioned Reed Lake property (HudBay Minerals: HBM-TSX). The map posted on the Company's website shows the location of drillholes RD 07-01, RD 07-02 and RD 07-03 in relation to the property boundaries and to the VTEM anomalies in the area. http://www.vmsventures.com/image018.asp.
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake VMS Belt. The Company also holds the largest land package considered prospective for nickel-copper mineralization at Lynn Lake, which is to date Canada's third largest nickel producing camp. The Company's project portfolio consists of the Snow Lake VMS project, the Lynn Lake Gabbros nickel-copper project, the Nickel Belt project, the South Bay nickel-copper-cobalt PGE property, and the Eden Lake Carbonatite Complex, Specialty Metals property. All VMS Ventures Inc. properties are located in the mining friendly province of Manitoba, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Contacts:
VMS Ventures Inc.
Keith Patey
Director of Communications
(604) 986-2020 or Toll Free: 1-866-816-0118
Website: http://www.vmsventures.com
[Blockierte Grafik: http://www.vmsventures.com/image018.asp.]
Hallo Edel,
bei VMS hab ich mir sogar einen zukauf überlegt aber sein lassen.
Die KXL Steigung hab ich gesehen, aber bin leider nicht dabei.
Es gibt zur Zeit so viele Entdeckungen.
NOT ärgert mich noch immer, die Urlaubsg´schicht hab ich schon erzählt.
Mexico Mike zu KXL:
das ist ein anderer disclaimer als der von Hommel (siehe Idaho thread... )
Die Spider wird nochmal gehen, nehme ich an und hoffentlich auch UC.
Dann lad ich da mal einen teil ab.
Der CEO von Mantle scheint auch ein G´scheiter zu sein (klingt irgendwie besser als zu schreiben; ... ist auch kein Blöder!
Also KXL:
On thursday I was able to tour the Hercules Project currently under exploration by Kodiak Exploration. When this property was first acquired, it was of minimal interest to me, since I had invested in the stock based on the potential for base metals at their Caribou Project. Last year, KXL reported some exceptional grade results from Hercules with very high grade gold and silver across significant widths at the Wilkinson Lake zone. One interval reported averaged about half an ounce of gold per tonne across 16m! That got my attention. The company then began increasing their holdings in the area through staking. Exploration continued at the property, with additional drill results in that program that outlined lower grade results but again over significnat vein widths.
The first stop on the tour was to visit the outcrop at Wilkinson Lake where that big initial intercept was reported. There is nothing impressive about the vein, which has been stripped and washed along a short distance, immediately adjacent to the road. Obvious evidence of alteration is visible, with banded quartz veining, laddering, and stockwork zones occurring across widths from 2m to about 10m at thesurface. A variable zone at the edge of the vein of schisted rock marks the shear zone of the fault, which was the conduit that allowed the mineralizing fluids to emplace the gold-rich quartz veining.
The locations of the surface channel sampling are clearly visible, in straight cuts across the entire vein width with a rock saw, at regular intervals of every 20m. There were also ribbons marking where individual chip samples had been extracted, and the drill hole locations were also clearly market, just a short distance from the vein outcrops. It was a single high grade surface sample by a prospector that generated the drilling target to test below that occurrence and lead to the bonanza result, putting the project on the front burner for KXL.
Next stop on the tour was the Marino vein swarm, with several veins stripped and exposed on either side of the road access. This area was very similar in appearance to the Wilkinson Lake zone, but it was more obvious how the veins pinched and swelled at surface over a very short distance along the lateral extension.
What was the most interesting about Marino is that of the drill hole locations selected by the geos, the one that produced the highest grade interval which was recently reported, targeted the vein immediately below a very narrow, low grade section. In fact it is pure luck that the company drilled there, more a fluke of convenient location for the drill pad than shrewd exploration. Yet that hole yielded an intercept of 1.6m bearing over 38 g/t gold, a magnificent hit.
That would illustrate what the biggest challenge is for the company in this exploration program. There is no shortage of high grade gold, with so many chip and channel samples along with excellent drilling success. However, while the continuity of the mineralization across all these zones is superb, the the grades actually demonstrate wide variance from one section to another. The area one meter on either side of a very high grade intercept could come in with very low grade assays. While investors get excited by high grade results and will bid the shareprice up, geological consulting firms are more interested in consistent large tonnage zones, and it will ultimately take a large resource established by a consulting firm to demonstrate value for a future acquisition of the property. A lot of work then remains in order to build a large, high grade resource that will justify a much higher share price.
The most impressive stop on the tour came when I visited the Golden Mile zone. This is a large vein that has been exposed for a length of more than 2km and remains open in both directions. Some people have erroneously assumed that the strike length of the veins is more than 5km. That is incorrect, but in fact the combined length of the many veins that have been stripped and sampled so far is more than 5km.
What makes the Golden Mile a standout is that unlike the other veins on the property, this one has a great many visible gold occurrences. Some of the VG is finely distributed grains of gold that require a hand lense to see, and some occurs as large chunks of massive gold, flakes, and wire gold. The channels cut into the vein surface for sampling also had widespread VG on the exposed surfaces. I wanted to collect some samples for my own collection and chose to sort through rock chips that we smashed from the vein surface, and again I found prolific VG on most pieces. I saved 5 of the most impressive chunks, but I could have easily brought home 50 or 500.
So far, most of the gold grades from this section have not been reported while they wait for the assays. This delay prompted the company to suspend further drilling until they have more information to spot the drill targets. But it means we can look forward to more good results shortly, and it allowed the company do more surface work.
Additional veins continue to be discovered on the property. And everywhere they look, in samples, and in drill cores they pull, there is VG. This entire area is intensely mineralized, and the drilling completed so far has only gone to very shallow depths. The upside is tremendous.
I learned that the company is still active staking new property in the surrounding district, and that several other companies are also on the hunt. I think this entire region is going to become a very hot area play, and KXL is the dominant participant in property holdings, with a head-start on the rest of the pack.
I think the company has a challenging exploration program ahead to prove up a large resource. There is no question that this is a very big system that is mineralized all to hell. But the issue will be establishing critical mass of a tonnage that could support a mine. There will be no shortage of places to look. They may find that far below the surface, some of these veins intersect to form wider areas of high grade ore. They may find that the veins continue with high grades to extreme depths of 2km below the surfface or more. And there will doubtless be zones encountered at depth that compare well with the wide surface exposure that I witnessed in many places.
A lot of this will come down to luck as well. With so many pockets of high grade ore, the drill may hit those or may miss them and hit lower grade intervals instead. But as they complete thousands of meters of drilling on this property, they will define the structure, and if a large enough area is shown to be continuously mineralized, its game on...
In my opinion, this is the most exciting discovery area in Canada since Red Lake. I expect the resource defined will amount to 1 million ounces for openers, and quite possibly could grow to many million ounces of gold. I would also not be surprised if significant silver is also encountered, along with base metals further to depth. I believe Hercules has now displaced Caribou as the flagship project for KXL, and we will be hearing a lot more from this property for a long time to come. It is relatively remote, but in a historic mining district with strong support from the local population, very good infrastructure access, and a nearly ideal geologic setting to host a significant deposit. I think steady news flow and high grade results will help to drive this stock to a much higher range during the next 12-18 months. It looks like KXL has hit the sweet spot just in the right time, as the price of gold is breaking out and the juniors are beginning to attract more interest from investors.
For personal disclosure, I bought more shares this week, and have not sold a share since last winter, but I do have plans to take some profits later in this run and ride the zero cost average shares. So I do not want to overly hype this story and sell into it, but be advised I plan to take about a quarter of my shares off the table, somewhere above $2. KXL paid my airfare to the project, but I do not receive any form of compensation for my time or for posting my reports. Please regard this report as an honest opinion and do your own DD...
cheers!
mike
