Garry Lowder auf Europatournee.
Möglicherwiese folgen wieder Ergebnisse???
Please find attached a direct link to download a 4.1 MB PDF version of the Malachite’s roadshow presentation which is currently being presented by our Chairman & Managing Director - Dr. Garry Lowder.
http://www.malachite.com.au/pd…Profile%20June%202007.pdf
The file can also be downloaded from our website: http://www.malachite.com.au
Hallo Edel,
jetzt ist aber Scorpio schön kalkulierbar, die Risken sind raus.
Beim Grundrisiko (hoch) bei allen diesen Werten ist es schon eine Erleichterung, wenn das Restrisiko halbwegs kalkulierbar ist.... 
Scorpio kommt hier wieder vor.
Für die Database haben sie Shares von Yale bekommen.
Yale tätigt einen weiteren Kauf.
Ian Foreman hat einen schnellen, guten Punch......
Erinnert an den Champion George......
Uii, wir sind ja nicht beim Boxen.
Gut, dann halt an Keith N. von FR.V.
Gefällt mir auch, dass sie sich bei den Metallen breit aufstellen.
Heisst aber auch neue Finanzierung......
Yale to Purchase the Historic La Verde Grande Cu-Zn-Ag-Au Mine, Sonora State, Mexico
Monday June 25, 7:13 pm ET
VANCOUVER, BC--(MARKET WIRE)--Jun 25, 2007 -- Yale Resources Ltd. (CDNX:YLL.V - News) (Frankfurt:YAB.F - News) is pleased to report that its wholly owned Mexican subsidiary -- Minera Alta Vista S.A. de C.V., has agreed to purchase a 100 % interest in the La Verde Grande copper-zinc-silver-gold Mine located 45 km northwest of Hermosillo, Sonora State, Mexico. Yale has also acquired, by staking, 1,900 hectares of prospective ground surrounding this area to cover additional skarn and porphyry potential.
The La Verde Grande Cu-Zn-Ag-Au Mine property is made up of six contiguous exploitation concessions that total approximately 300 hectares. The property contains the historic La Verde Grande copper-zinc-silver-gold mine -- which saw limited production in the early 1900s as well as in the 1960s -- as well as the La Verdecita and El Picacho prospects, both of which saw limited production in the early 1900s. The property is within 2 km of a paved highway and the power grid.
"Exploration potential for the property is significant as the numerous mines, prospects and showings in the area have never been examined as a whole. Each of the various zones have been considered as separate bodies rather than part of a much larger mineralizing system," stated Ian Foreman, P.Geo., president of Yale Resources.
The La Verde Grande Mine:
The La Verde Grande Cu-Zn-Ag-Au Mine is the most advanced of the known targets as it has a defined (non NI 43-101) resource of 459,551 tonnes grading 2.29 % copper, 98.54 g/t silver and 0.38 g/t gold (with no estimate for zinc). Note that this resource is historic in nature and was estimated before NI 43-101 came into effect -- it has yet to be verified and therefore should not be relied upon. Calculated in 1989 this resource was based on an average width of 18 metres, average depth of 34 metres and only considered a strike length of 110 metres.
Historical sampling within the 2,000 feet (~ 610 m) of old workings the La Verde Grande Mine have been reported by the Consejo de Recursos Minerales as: 2.06 % copper, 1.91 % zinc, 33.07 g/t silver and 0.3 g/t gold for the upper workings and 2.54 % copper, 0.76 % zinc, 132.59 g/t silver and 0.3 g/t gold for the lower workings. As the deposit is at surface, the Company anticipates that it could be exploitable by open pit methods.
The La Verde Grande Mine is on strike with the El Picacho prospect located 900 metres to the northeast. There has been no modern exploration between these two areas.
The El Picacho and La Verdesita prospects:
Mineralization at El Picacho is reported to occur in garnetized limestone (similar to the La Verde Mine) beds with one measuring 4.5 metres in thickness. Historical results document exposures averaging 3.0 % copper (with unknown zinc, silver and gold grades) from within a 15 metre wide working.
La Verdecita is located 1.3 km south of the La Verde Grande Mine and is exposed in four separate workings over a strike length of approximately 300 metres. The mineralization exposed at La Verdecita appears to be a result of selective replacement of the host limestone. Historic estimates of 100,000 tons of hand-selected material grading 3.0 % copper (with unknown zinc, silver and gold grades) have been reported.
Agreement terms:
Yale has agreed to pay the landowner US $1.6 million in staged payments over 27 months to purchase 100% of the properties. Upon signing of the contract the Company has paid US $8,000 with the remainder of the first payment (US $92,000) due in three months from signing. A 2% NSR is also payable, which can be bought out for one million US dollars. There is no stock issuable and are no work commitments as part of the purchase.
Due diligence will involve data examination and compilation as well as surface and underground sampling. Yale has purchased the complete historical database from Scorpio Mining Corp., who held an option on the property between 1999 and 2002 but only performed limited exploration in the immediate area, for 40,000 shares in Yale. These shares will have a four-month hold period.
Property Geology:
Mineralization within the La Verde Grande property consists of a series of structurally controlled skarn bodies and veins. Host rocks are a thick sequence of metamorphosed limestones that are locally intruded by granite and monzonite porphyries, dykes, and mineralized aplite dykes. The La Verde Grande area is located near the southern end of a newly recognized copper-molybdenum porphyry district that trends north into the southwest Arizona copper district.
Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the La Verde Grande property and is responsible for the technical data mentioned in this news release. During his initial visit Mr. Foreman visited the La Verde mill site, La Verdecita and the La Verde Grande mine. All 'Historic Data' is presented for reference only and should not be relied upon as it pre-dates NI 43-101 and was not collected by NI 43-101 compliant means.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
Hallo Edel,
gratuliere! Ein Plädoyer für die Dornröschen-Werte.
Da ist das meiste Geld zu holen....
Und was sagst zu Scorpio?
Schaut doch gut aus!
Mit den 18 mille Cash drücken sie das locker durch und dann kommt Cash.
Auch einer der eher günstigen werte, die noch relativ billig sind.
hab die leider nicht. Gefällt mir besser, weil risikoärmer als Kimber, die ich neulich gekauft hab. Aber mehr ist bei kimber drinnen....
hab jetz soeben Cabo noch mal überflogen, die sind echt ein geschenk...
Grüße
Tschonko
Edel, off topic, take a look zu Kodiac, die hast ja. Starke Meldung.
Haben sich die Nachbarschaft zu Golden Chalice erkauft. Bravo!
Mexico Mike zu Energold:
Unbelievable how EGD has been on a rampage like this and so few people are noticing. I went through the annual report on the weekend, and the company is a model of sustainable growth. The share structure is tightly held and very few shares are trading. The working capital position has been growing in leaps and bounds. A string of positive earnings results for about 4 years straight. Value continues to grow as they build more drill rigs and expand into new markets. And the internal diversification into exploraiton properties and their interest in IPT has also paid dividends.
The irony for me is that I was onto EGD back in 2004 and could be really sitting pretty right now, but I still only have a small position of 'free' shares and did not add more when it was cheap, because I thought the company would continue to be a sluggish trader. Well its not sluggish any more, but my investment style does not allow me to add more shares after I already have a 5-bagger.
cheers!
mike
Mir geht´s da ähnlich. Soo viel hab ich auch nicht. Zweimal gekauft innerhalb einer Woche.
Das zweitemal hab ich gekauft, als ich meinen Rechnungen Glauben schenkte......
Aber sie sind zur Zeit der Depotrausreißer.....
Erwarte da in Kürze eine Konsi...
Aber wie gesagt, die müssen was mit dem Cash u8nd den Beteiligungen tun...
Grüße
Tschonko
PS: Schaut´s euch Cabo an, die stehen jetzt da, wo Energold vor 8 Monaten war.
Gut, sie haben Schulden, aber sie verdienen jetzt schon mehr als Energold (meine mehr Umsatz)
Minefinders' Dolores Mine Should Meet Expectations
Monday June 25, 6:50 am ET
http://biz.yahoo.com/seekingalpha/070625/39210_id.html?.v=1
Mike Niehuser submits: We attended Minefinders Corporation Ltd.’s (AMEX: MFN - News) analyst day at the Dolores project February 13, 2007 and found construction of the project well underway with production scheduled for this fall. Following the recent Cambridge House conference in Vancouver we visited the Minefinders headquarters and captured their recent corporate presentation and determined the project continues substantially on track.
The photographs in the corporate presentation evidence substantial progress compared to those taken during our visit. It appears that the company is rapidly moving toward initiating commissioning of the project leading to its first gold pour in 4Q07 and is scheduled to reach commercial production in early 2Q08. From the time of Minefinders’ CEO Mark Bailey’s initial discovery, it has taken about eleven years to complete exploration and development, and bring the mine to production. As development was suspended for about three years due to low metal prices, the actual time to development is more like seven years. Considering that few discoveries ever become operating mines the company is doing better than most.
Shareholders may be pleased with the careful advancement at the Dolores project. A more rapid pace would have certainly resulted in greater dilution of shareholder’s interests. At present there are a meager 48.6 million shares outstanding (60.3 million fully diluted). In addition, a comprehensive drill program of more than 630 drill holes totaling 168,000 meters has led to a well defined resource. For this reason, we anticipate that in operation the project may have increased probability of meeting investor expectations relative to more hurried projects.
Minefinders recently received an updated audited resource estimation resulting in an increase of 23.1% in contained gold and 21.3% in contained silver at 0.4 gpt AuEq cutoff over that used in the bankable Feasibility Study. The new resource should be followed by a reserve update and additional pit optimization. It is important to note that due to space limitations, management intends to leach grades over 0.4 gpt and discard lower grades. Fortunately, by increasing the cutoff from 0.3 g/t to 0.4 g/t, total tonnage mined will decrease approximately 25% from the100 million tonnes of reserves, while total AuEq ounces will decline less than 8.5%, from the 4.5 million ounces contained in the open pit. Mining and processing higher-grade tonnes will produce relatively more ounces per tonne mined and processed, which should be more profitable on a per tonne or per ounce basis.
The current plan is to start with the 18,000 tonne per day heap leach operation for gold and silver, immediately followed by construction of a mill, which will significantly boost recoveries of both gold silver from the high-grade portion of the deposit. Based on the current heap-leach only Feasibility Study, 85.8 million tonnes could be mined, producing 1.7 million ounces of gold and 63.5 million ounces of silver by leaching over a 14 year mine life. Completion of a mill for processing higher grades is likely, as it would boost recoveries to over 90% for both gold and silver (compared to leaching alone, estimated at 73.9% for gold and 50.3% for silver) and mine life. Management will need to make a decision to construct the mill in the next twelve months if they are to expand production in three years as planned.
Typically, appreciation stalls during construction, followed by a revaluing of assets upon reaching production. We anticipate several events may occur by the end of the year which may provide an additional catalyst for appreciation of the company’s shares. In addition to their first gold pour, management may make a decision to move forward with the mill and further assess the possibility of an underground operation running concurrently with the open pit. Potentially more significant may be additional information on prospects of Minefinders’ unappreciated pipeline of exploration projects. Any combination of these should lift perceptions of the company from a mine builder to a profitable mine operator with expansion and discovery potential.
Disclosure: The author provides corporate advisory and research services to MFN. The author is long MFN.
MFN 1-yr chart
Scorpio in Richtung Produktion.
Betrieb ab Oktober, aber so Richtig in einem jahr mit einer 1000 to Mill.
Scorpio Mining Corporation Makes Production Decision on its 100% Owned Nuestra Senora Project, Sinaloa State, Mexico
Monday June 25, 8:00 am ET
TSX:SPM
VANCOUVER, June 25 /CNW/ - Scorpio Mining Corporation (TSX:SPM - News) is pleased to announce that following review of the positive results from the recently received independent Pre-Feasibility Study ("PFS") (see news release of June 14, 2007) the Company has been given a mandate by its Board of Directors to proceed into production.
The PFS projects that the base case cash operating cost of producing silver at the Nuestra Senora project, after accounting for by-product credits, will be a negative US$0.98 per ounce produced using discounted metal prices of US$11.00 per oz. for silver, US$1.25 per lb. for zinc, US$0.50 for lead and US$2.25 for copper.
Peter J. Hawley, Chairman, CEO comments, "After reviewing the PFS and given the project's strong economics, particularly the current metal price scenario which shows a 60.7% Internal Rate of Return (IRR), along with the upside potential to increase mineral reserves and resources, it is the Company's view that we have to get this project into production as soon as possible to take advantage of the current strong metal prices. With the recent additional staffing of a Mill Superintendent, Mill Construction Manager, Chief Production Geologist and the awarding of mill construction contracts, we are in a position to aggressively push the project forwards towards commencement of production as scheduled for March, 2008. We look forward to providing ongoing updates of our surface exploration results, underground development and exploration work and our progress on the mill facility construction as we approach the start up time line."
Filing of the final PFS report on SEDAR is expected to be completed before July 4th, 2007. Scorpio Mining Corporation will then provide notice of a conference call to discuss the PFS results and answer any questions.
Development and Construction Update
- Construction of the Company's 100% owned, dedicated 34-kilometre power line from the main hydro dam was begun in the second week of March. As of June 18, 2007, 350 of 400 posts have been installed with 17 kilometres of high tension power wire strung. Estimated time line for completion is late August, 2007 which includes the building of an electric sub-station.
- The 4.3-kilometre Cosala by-pass road has been completed and final cement work on culverts is nearing completion. This private Coowned road is intended to be used for moving oversized mill equipment, trailers, etc. for installation at the mill facility and the transfer of daily metal concentrates to smelters without impacting the town of Cosala with heavy traffic.
- All mill equipment required for the construction of the processing
facility is currently located in México at one of the three refurbish/storage yards and shops the Company has in Mazatlan, Cananea and Cosala.
- The primary ball mill and 800-horsepower motor has been re-furbished and rebuilt at the Cananea shop and expected to be shipped to the Cosala yard by June 25, 2007.
- The various electric motors, conveyor roller and floatation cells located in the Mazatlan re-furbish yard are nearing completion and expected to be moved to Cosala with the next month.
- At the Cosala re-furbish yard a repair shop has been constructed, stockpiling of containers containing various pipes, fittings, welding machines, etc. is ongoing, and the primary jaw crusher, main pumps and the Company owned 70-tonne crane have been re-furbished.
- In the fall of 2006 the Company purchased 118 hectares of land for the building of the mill facility, offices, hospital, ore storage pads, concentrate storage and tailing dam installation and storage of waste by-products. The area has now been stripped and surveyed at 1-metre intervals. Since March 2007 the Company has been excavating the various sites in preparation for construction. To date the mill site has been blasted and is ready for foundations, primary crusher location is in the progress of being blasted, office and building locations have been excavated, and ore stockpiling has been on going for the past 4 weeks. Waste material from the mine is being used as road ballast and fill.
- The Company has ordered and is expecting immediate delivery of five office trailers, which join to become one unit, with a working space of 230 m(3) to supply temporary accommodations for the base camp, warehouse and office-construction-supervision personnel during the construction of the mill facility.
- The Company has awarded Telecom of México the communications contract for the mill site facility for the installation of a main communications tower, which is currently in construction and will supply telephone lines, internet connections and video feed for mill site surveillance.
- The construction of the foundations for the ball mills, crusher buildings and mill floatation facility is scheduled to begin July 15, 2007 with the outside building shells to be completed by September 1, 2007.
- The Company has engaged CEMEX of Mazatlan to set up a mobile cement plant and provide three cement trucks to supply the 3,000 m(3) of cement required for construction footings and foundations. CEMEX's subcontractor SORIA will supply five trucks per/day for the 2,100 m(3) of crushed gravel and 1,700 m(3) of sand required for the cement.
- Current ore stockpile inventory consists of 20,000 tonnes at mill site, 5,000 tonnes at the Nuestra Senora portal and 10,000 tonnes within the mine.
- As outlined in the PFS, the initial commissioning of the mill facility is scheduled from December 2007 to the end of February 2008. From March 1, 2008 until May 2008 the mill throughput is projected to be 500 tonnes/day (TPD) and from June 2008 onwards mill throughput is scheduled to be at 1,000 TPD.
- The milling facility will have the potential for easily increasing throughput to 2,000 TPD and while operating at 1,000 TPD, mill construction will continue to equip the facility for the designed maximum throughput.
- At present, during one 10-hour shift the Company is capable of moving 1,536 tonnes of waste/ore from stope development and preparation plus development ore from the underground Hoag Zone to the mill site. This consists of 8 trucks containing 24 tonnes per truck making 8 trips per shift. This supports management's view that the Company can easily haul from underground the initial 1,000 tonnes per day initially projected for mill feed and, with two shifts per day could supply a 2,000 TPD mill facility.
- The planned initial mining will start from the lower grade Hoag zone where primary and secondary blocks have been outlined. Primary blocks contain 56,000 tonnes and long hole drilling of the blocks from the 9th level to the 10th level (30 metres) will begin in August, 2007 and the first blasting of blocks is slated for October, 2007.
- The purpose of starting with ore from the lower grade Hoag area is that for the mill commissioning and initial start up period the recoveries will not be optimized, and as such the Company does not want to lose higher grade mineralization to the tailings. Once mill recoveries have been optimized the Company will begin to mine and blend in the higher grade Nuestra Senora mineralization.
- Currently the Company is mining 2,000 tonnes per month of development ore from the Hoag zone area in preparation for production and will ramp up to full mining in October 2007.
- As of the end of May 2007 total underground development of the main 4.5 x 5 metre Nuestra Senora ramp stands at 1,469.8 metres (1.4 kilometres) plus 2,662.8 metres of 4 x 4 metre cross-cuts and access points.
- The Company currently has four underground diamond drills performing in-fill delineation drilling for areas of exploitation as well as exploration drilling.
- Currently the Company is looking at various commercial smelter alternatives which could improve the net smelter returns received.
- The PFS estimates Pre-Production Capital Expenditures of US$26.5 million for 2007 and the first quarter of 2008.
- The Company currently has over $18 million in working capital with no debt. All warrants are in the money and if exercised would bring in an additional $26 million of working capital. The Company is also in discussions with metal brokers with a view to potentially forward selling certain by-product metals and has been approached concerning bridge loan financing. The company does not currently anticipate it will need to undertake additional equity financing to fund the Pre- Production Capital Expenditures
President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified Person for the Nuestra Senora project. Mr. Scammell is responsible for the current exploration and development program and has reviewed the content of this release.
ON BEHALF OF SCORPIO MINING CORPORATION
Peter J. Hawley
Chairman & CEO
Bei Azteca ist noch was im Busch, wie Tom Szabo gestern aufzeigte:
Bitte selbst aufrufen, weil Unterlinks mit maps verlinkt sind.
Also CDE hat, wenn das stimmt, einen gewaltigen Bock geschossen....
Da hat sich auch schon D.Bond drüber lustig gemacht (http://silverminers.com/public.....px?id=5947 )
Szabo: http://www.silveraxis.com/
JUNE 22 2007 10:15AM - Apparently more trouble brewing with the proposed merger between Coeur and Palmarejo Silver. The recently engaged silver companies announced this morning that they need more time to think the union over. They each had slightly different things to say about the situation (Coeur d'Alene and Bolnisi Extend Due Diligence Period v. Palmarejo Silver and Gold Corporation: Announcement) but the rumor is basically this: Palmarejo's tenement boundaries as shown here may not be so exactly precise. To wit, one might wish to examine this particular map here. I smell a speculation, one that might not even be too late although the shares of the latter company are up 10 cents at the moment (a gain of about 18%). Just in case there is something to these rumors, I'm going to dip my toes in and buy a small position. Sheesh, at this pace I'm not going to have any money left to pay the mortgage!
Gehört nicht unbedingt hier her:
Ich hab schon länger so einen Fetzen, nämlich CIG.AX: Öl Gas im Boden am Arsch der Welt. Zischten regelrecht aus Verlustbereich in Gewinnzone bei mir.
Die haben eine 21% Beteiligung an Perseus PRU.AX, einem Goldexplorer mit einigen Gebieten in Westafrika.
Da gab es zwar schmale aber hochgradige Resultate.(Elfenbeinküste)
http://sa.iguana2.com/cache/c1…d7d286/ASX-PRU-366305.pdf
Mehr Infos: http://www.perseusmining.com
Grüße
Tschonko
Ist schon eigenartig, bin absolut überrascht, von ATH zu ATH im Tagestakt.
Verkaufen tun die wenigsten und die, die reinwollen, treiben den Kurs.
Wieder fast 10% auf 3,35.
Quo vadis?
Bei GoldQuest wurden warrants frei. Das drückt den Kurs.
Zur Erinnerung, es war der beste Fund seit jeher in der Dom.Republik.
Nebenbei das JV mit GFI.
Grüße
Tschonko
Noch mal Sterling mining: bin da heute wieder mal rein.
Die Rechnung ist einfach:
Listening: zwar in Toronto und nicht an der AMEX.
Sollten sie nächstes jahr nur 2 Mille oz. produzieren, gesprochen wurde von 4, geht die Rechnung schon auf.
Dass das datum 12/07 für Produktionsbeginn hält, davon gehe ich aus.
Last but not least: De Motte hat sich ausreichend options genehmigen lassen.
(siehe dazu auch voriges posting)
Zwei Ausreißer aus der Liste auf Seite 1, einer positiv, einer negativ:
Azteca Gold AZG.V, da hat David Bond etwas abgelassen am 2.6.
und Huldra Silver HDA.V
Bei Silver Eagle eine sehr gute Meldung:
Mini Mill erweitert und
Resource estimate update kommt und
Miguel Auza nun fast vollständig im Besitz.
Außerdem hat sie schön konsolidiert und die 1,2 haben schön gehalten.
Überhaupt alles sehr schön! Noch schöner geht´s zwar auch, aber das wär dann schon unanständig.
Grüße
Tschonko
Silver Eagle Continues to Consolidate Ownership at Its Miguel Auza Project
Friday June 22, 11:49 am ET
TORONTO, ONTARIO--(CCNMatthews - June 22, 2007) - Silver Eagle Mines Inc. (TSX:SEG - News; "Silver Eagle") is pleased to announce that it has exercised its option to buy out six additional mining concessions and the 3% royalty thereon, at the Miguel Auza Mine, for the previously agreed purchase price of US$2,010,000. These claims comprise the properties where the majority of the Calvario, East and North Zones are located. With the addition of these core properties, Silver Eagle has now consolidated its 100% direct ownership on 18 of the 20 mining concessions at Miguel Auza.
We are also pleased to announce that Mr. Robert Moore and Mr. Mario Curiel have recently joined our operating team at Miguel Auza. Rob, who has accepted the position of Mine Superintendent, is a Haileybury School of Mines graduate and comes with 28 years of underground hardrock mining experience, the last 10 years as a mine superintendent at mines located in Northern Ontario and the NWT. Mario is a graduate of Universidad Autonoma de Nuevo Leon and comes with 20 years of milling experience, most recently holding the position as mill superintendent at a 70,000 tonne per day plant in northwestern Mexico. These additions continue to strengthen our operating team in Mexico.
Project Update
- Scott Wilson Roscoe Postle Associates Inc. has been engaged to provide
its independent review and report on the planned resource estimate update
and development plan, both of which are in progress, with completion
anticipated in the 4th quarter of this year.
- A second ball mill is being installed in the mill. Together with circuit
upgrades the mill throughput capacity is expected to exceed 200 tonnes
per day by Q4 2007.
- The previously announced preliminary exploration program has commenced on
our Mexican properties outside the immediate Miguel Auza Mine area.
President and CEO Terry Byberg said, "We are extremely pleased with the way things are progressing at the mine site. The addition of Mario and Rob to the operations team strengthens our operating group at Miguel Auza as we complete our bulk sample and move towards a final production decision."
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
ON BEHALF OF THE BOARD OF DIRECTORS OF SILVER EAGLE MINES INC.
Terrence H. Byberg, President and CEO
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Terrence H. Byberg, Silver Eagle Mines Inc.
President & CEO
(416) 361-1101
(416) 361-9280 (FAX)
Email: info@silvereaglemines.com
Website: http://www.silvereaglemines.com
Schischi,
werd auf diech anstoßen.
Da warst zu schnell. Kein Vertrauen zu mir!
Wenn i scho amal wett ohne Gegengewichtl, bin ich mir schon ziemlich sicher.
Hab gestern mal gut 20% verkauft.
Hab aber immer noch das meiste eigene Geld in Cabo.
Und da die Driller nur steigen, ergibt sich schon eine starke Übergewichtung.
Hab so eine mittlere Position verkauft, war so 45% Gewinn. Steuerfrei.
Grüße
Tschonko
PS: Kann nur die Studie noch mal empfehlen! (siehe diese Seite! - Bobelle!")
Sterling Mining:
Options für das Management:
On June 15, 2007, Sterling Mining Company ("Sterling") issued an aggregate of 625,000 options to purchase shares of its common stock to twelve (12) officers, directors, employees and consultants of Sterling, exercisable at prices ranging from $3.88 to $4.30 per share through dates ranging from June 2009 to May 2010. Officers receiving options included Raymond DeMotte, Sterling's President and Chief Executive Officer, and James N. Meek, Sterling's Vice-President and Chief Financial Officer, who received the following stock option grants:
Name No. Shares Exercise Price Expiry Date
Raymond DeMotte 10,000 $3.88 12/31/2009
Raymond DeMotte 100,000 $3.88 5/17/2010
Raymond DeMotte 100,000 $4.00 5/17/2010
Raymond DeMotte 25,000 $3.88 5/17/2010
James N. Meek 125,000 $3.88 5/17/2010
Sterling also issued an aggregate of 63,000 restricted shares of its common stock to nine (9) of its officers, directors and employees at a deemed price per share of $3.53. Of these shares, 11,000 were issued to Raymond DeMotte and 10,000 were issued to James N. Meek.
Und gestern Tom Szabo: zum geplanten Listening:
Now, behold another silver stock development long in the making: Sterling Mining Company and its Sunshine Mine look to be trading in Toronto soon according to Canadian regulatory filings that have just been made on SEDAR. This is a notable development, but I'm pointing it out mainly because for the first time since Sterling acquired control of this prolific silver mine, an independent resource estimate has been released. The report is a plum in many ways although there are some lemons in there too. Perhaps most relevant to many investors would be the resource numbers, which total 23.4 million ounces of silver in the Proven and Probable Reserves and 31.1 million ounces in the Measured and Indicated Resources. I'm not sure if these overlap although it is an industry norm for the figures to be presented as exclusive (that is, the total reserves and resources would be 54.5 million ounces). Beyond this, the report shows 231 million ounces in the Inferred category, but I have some questions about how this number is being presented. It might actually be more like 50 million ounces on the low end and perhaps as high as 770 million ounces (!!!) on the high end. I'm sure the clarification is forthcoming, but any way you cut the numbers obviously looks good. After all, Sterling has done zero resource definition drilling so the figures were essentially all inherited. By comparison, neighbor SNS Silver might have around 20 million ounces of "inherited" silver but virtually no "inherited" infrastructure (mill, tailings pond, etc.)
There is much more to consider here than I have time for and a detailed analysis is beyond the scope of my commentary format here, but needless to say investors were completely unaware of these developments judging by Sterling's trading volume and price action today. Tomorrow might be different, however, and I believe a powerful speculative trading opportunity might form in the short term that could take the stock price up 50% in a hurry. Just as with the 3 ARU contenders, I'm not endorsing a medium or long-term investment strategy, but for those who have the money and the temperament to speculate, there might be a train ticket to Idaho waiting for you. Personally, I did not buy today because even though this information was already public when a source was kind enough to point it out to me, I don't believe in buying a stock and then publicly talking about it immediately afterwards. But because I might very well be buying tomorrow, I'm hoping that you think I'm a clueless fool (so I have less competition in this speculation). I'll update as developments warrant.
Auch zu EXETER und Southern Ark kam wieder was:
Well, my new obsession Exeter had the requisite drop today and I was able to accumulate a bit more. To follow up, at least one respected source considers Exeter a silver stock: see this Junior Silver Index. No wonder I liked it so much! I'm sure others will also think it is a silver stock when the silver grades are announced from their Cerro Moro drilling. At this point, investor sentiment is pretty weak for this stock so I don't know what an assay grading multiple % silver is going to do, but I expect it could cause quite a stir. In fact, I'm thinking it will make chump change out of Esperanza Silver's bonanza grades at San Luis. But it's the gold porphyry that has me speculating in this stock. Using a notorious method for estimating a deposit ("cubing a hole" as applied to Southern Arc by Bob Moriarty recently) makes the single hole drilled into Exeter's Caspiche prospect "worth" around $100 million for 2 million ounces of gold. However, for a more realistic assessment, we could look at the nearby Cerro Casale project owned 51% by Arizona Star. That project has 25.4 million ounces of gold plus 6.4 billion pounds of copper in Measured and Indicated resources, yet Arizona Star trades for under US$500 million. So perhaps a conservative "value" of the single hole so far is $50 million. Yeah, Arizona Star is probably undervalued but the cost to construct its monster gold mine is estimated at $2 billion. Whoever finances mine development will take a large chunk off the top. An interesting data point so we don't get carried away with blue sky projections.
Meanwhile, there is no stopping the other two ARU aspirers, Southern Arc and Serengeti: both are up 30-40% in one week. Since this has happened on no news or announced developments, the risk is obviously increasing. So as painful as this might be, if you must buy these stocks for your ultra-high risk speculative portfolio, please do so patiently!
UND NOCH MAL DER LINK ZUM INDEX:
http://www.smartinvestment.ca/…pBB2/viewtopic.php?t=8538
Grüße
Tschonko
Jetzt hat sie die 3$ gekratzt.
Wird so eine Erfolgsstory der eigenen Art (zumindest für mich :D)
Ich bin wirklich gespannt, was Anderson vorhat.
Die Properties in der Dom. Republik sind seit Goldquest Fund, und der ist wahrlich nicht ohne, im Wert gestiegen.
Die Impact Beteiligung wird im Laufe des Jahres noch markant steigen...
Also, schaut auch mal auf Impact!
Ein höheres Listening wird auch immer wahrscheinlicher.
Grüße
Tschonko
Eine besondere Lachnummer ist auch, dass dieser Thread am Anfang massiv negativ bewertet wurde.
Ein paar Energold zu kaufen, wäre, glaube ich, gescheiter gewesen.
Aber es ist schon ein Kreuz mit der DD.
Stenogramm:
Mit der Art und Weise wie gogh gesperrt wurde, bin ich absolut nicht einverstanden.
Erwachsene regeln das auf andere Art und Weise.
Wie gesagt, nach CPN.TO nun AMC.V
http://biz.yahoo.com/ccn/070620/200706200397914001.html?.v=1
Ah ja, take a look to CABO (siehe Cabo Thread
Das Kind wird getauft: aus Gammon Lake Resources Inc. Wird Gammon Gold Inc.
Da hätt mir ja noch Gold Gammon besser gefallen.......
http://biz.yahoo.com/cnw/07061…nlake_namechang.html?.v=1
Sabrina: Auferstehnung
Wie vermeinte schon Her Bobness.....
„With your mercury mouth in the missionary times,
And your eyes like smoke and your prayers like rhymes,
And your silver cross, and your voice like chimes,
Oh, who among them do they think could bury you?“
Kimber: that´s the reason why...........
http://biz.yahoo.com/seekingalpha/070611/37936_id.html?.v=1
Excellon:
http://biz.yahoo.com/ccn/070618/200706180397491001.html?.v=1
wenn die loan weg ist, werden die wirklich profitabel.
First Majestics:
http://biz.yahoo.com/iw/070618/0267434.html
Wie schon öfter festgestellt, heuer geht es bei FR um die Resourcenausweitung.
Und das schaut ganz gut aus.
Ich sage nur Uci, uci, uci und meine UC.V
Carpathian:
http://biz.yahoo.com/ccn/070618/200706180397550001.html?.v=1
Hallo Heron,
EXN wird was für den Indian Summer
ZitatAlles anzeigenOriginal von Tschonko am 6.2.2007
Hallo Schischi,
jetzt brauch ma nur noch a bissale Geduld
Wenn die nicht minimum 50% anschiebt in 07, wandert a guat´s Flascherl Wein nach Kärnten. Ok.?
Noch was: ich glaub, die Driller werden im Miningsektor genau so rennen wie im Ölservicesektor. Man ist immer ein bisserl hinten dran, aber auf einmal schieben die ab.
Ich hab im Drillingsektor noch EGD.V, die komplett anders aufgestellt sind wie CBE und ALMI.OB, wo der Drillingsektor zur Zeit die Sterling Mine auf Vordermann bringt.
Grüße
Tschonko
Schischi, das mit dem Wein hat sich mittlerweile erledigt.
Bei 0,76 hätt ma 100%. 0,75 hatten wir heute schon. Jetzt 0,7.
Muss ich dann halt selber trinken!
Grüße
Tschonko
(ich hab noch immer volle Kanne Cabo!)
Cabo ist zur Zeit auf dem Schnitt, wo es hingeht.
Wenn man sich die stock options ansieht, scheinen die optimistisch zu sein.
PP Preise bei CBE waren immer ambitioniert.
Wieder ein drilling vertrag, aber der von Spider (UC.V Partner, siehe Meldung bei silver companies) wurde immer noch nicht erwähnt.
Cabo to Drill 5,000 Metres for Diamonds North Resources and Announces Stock Option Amendments
Friday June 15, 6:24 pm ET
NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 15, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that its Ontario division has been awarded a drilling contract by Diamonds North Resources Ltd. The awarded contract consists of 5,000 metres of BTW core drilling at Diamonds North's Amaruk Project in Nunavut.
The drilling equipment will be mobilized in the middle of June with drilling to commence shortly thereafter. The Company will be utilizing a JKS Super 300 fly drill. In response to the recently released high diamond counts from the Char and Qavvik kimberlites, Diamonds North plans to collect larger bulk samples, approximately 6 to 10 tonnes, from each of these kimberlites. The objective of the bulk samples is to obtain a representative diamond size distribution for the Char and Qavvik kimberlites to assess their economic potential.
About Diamonds North Resources Ltd. (TSX-V:DDN - News)
Diamonds North is the dominant explorer in the Pelly Bay region and is focused on discovering Canada's next diamond mine. Diamonds North is well-financed with over $14 million in cash and marketable securities. The Company is rapidly evolving and committed to building long-term value through ongoing diamond discoveries.
Stock Options
Cabo also announces stock option changes. At March 31, 2007, the number of stock options granted totaled 2,428,000 shares. However, as a result of stock options expiring or terminating, this number is reduced to 1,906,500 shares to date, with a further 387,500 expiring mid-June, 2007. Upon review of all stock options for approximately 300 employees, the Company's directors have approved, subject to TSX Venture Exchange acceptance:
1. 325,000 stock options granted on or prior to January 2007 shall remain unchanged and exercisable at $0.50/$0.75/$1.00 per share, with 1/3 of such options being exercisable at each such price per share;
2. 225,000 stock options previously granted to independent directors at $0.80 per share and exercisable to October, 2011 shall be re-priced to $0.65/$0.75/$0.85 per share, with 1/3 of such options being exercisable at each such price per share;
3. 150,000 new stock options shall be granted to new independent directors at exercise prices of $0.65/$0.75/$0.85 per share, with 1/3 of such options being exercisable at each such price per share. These options shall be exercisable for a period of four years;
4. 387,500 stock options, exercisable at $0.75 per share and previously granted to employees in 2002 expiring mid-June, 2007, shall be replaced in full at $0.65/$0.75/$0.85 per share, with 1/3 of such options being exercisable at each such price per share. These options shall be exercisable for a period of three years;
5. 730,000 stock options granted to employees at $0.80 per share and exercisable to October, 2007 shall be re-priced to $0.65/$0.75/$0.85 per share, with 1/3 of such options being exercisable at each such price per share. These options shall be exercisable to October, 2009;
6. 259,000 stock options granted to employees at $0.80 per share and exercisable to October, 2007 shall be re-priced to $0.75 per share and shall be exercisable to October, 2009;
7. 605,000 new stock options shall be granted to new and existing employees at an exercise price of $0.65/$0.75/$0.85 per share, with 1/3 of such options being exercisable at each such price per share. The options shall be exercisable for a period of three years.
The total stock options granted after the changes set out above, upon Exchange acceptance of these changes, shall be 2,679,500 for a net change from the stock options reported at March 31, 2007 of 251,500.
About Cabo Drilling Corp. (TSX VENTURE:CBE - News)
Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.
ON BEHALF OF THE BOARD
John A. Versfelt, Chairman, President and CEO
Further information about the Company can be found on the Cabo website (http://www.cabo.ca) and SEDAR (http://www.sedar.com).
Hallo,
wir haben nun einen rückläufigen merkur bis 11.7.
Für mich ist diese Phase nicht so geeignet, längerfristige Entscheidungen zu treffen, weil ich sie nach einigen Tagen stark in Frage stelle und sie dann wieder umdrehe.
Also mach ich da sehr wenig und häng lieber meinen Arsch in die Sonne........
Ich werde darum auch hier wenig vertreten sein.
http://www.silveraxis.com Tom Szabo mit einem guten Überblick:
Zu den 3 Companies, die er evtl so sieht wie Aurelian, könnte man imho noch Carpathian Gold und GoldQest hinzufügen.
Silber: Gammon Lake kommt langsam wieder auf ein interessantes Niveau, Minefinders noch immer gut....
Ich konzentrier mich aber eher auf die, wo es im Herbst gute Fortschritte geben muss wie EXM, Bandera Gold, EXN und auch ECU, die man ja zur Zeit richtig präpariert für einen Kursanstieg.
Viele Shorties hier und bei anderen viele warrants oder anstehende PP.
Ma sehe das Lehrbeispiel von Yale in dieser Woche.....
War irgendwie sehr lustig nach den vielen Artikeln.
Um mich nicht misszuverstehn, Yale gefällt mir sehr gut inclusive dem langen CEO.
Given the above, I have been thinking of ways to leverage the possibility of a surprise summer upside using silver stocks, but there just don't seem to be many "mega" exciting developments in the world of silver equities at the moment. Sure, there are plenty of undervalued stocks or those looking for reasons to rally strongly, including all of Don Hansen's "value plays" (Impact, Great Panther, First Majestic, Endeavour Silver) as well as other junior producers or near-term producers like Excellon, Genco, Avino, Minefinders, etc. Not to mention the larger names like Hecla, Gammon Lake, Pan American, Silver Standard and Silver Wheaton, all of which are perfectly solid investments. Then there are MAG, Sabina, Bear Creek and a few other exploration stage companies with the potential to develop huge projects. Yet none of these (many of which I already own) seem exciting enough to me that I would consider adding to a position right now (with the exception of Sabina, whose Hackett River project is quickly growing big enough to justify the trouble of mining in the Arctic Circle and whose share price is about half the NPV of the project using conservative assumptions).
I suppose I might just be in a speculative frame of mind because the companies I have been looking at lately all seem to be in the middle of drilling programs that could make a discovery on a scale with Aurelian Resources. This type of thinking can be very dangerous for one's financial health, but the interesting thing is that there are 3 companies out there right now (that I know of, perhaps there are even more) that fit this bill. Thus, I believe this makes the risk somewhat lower than usual (via diversification). All three have drilled potentially company making holes into gold-rich copper porphyry's but what makes the situation particularly noteworthy is the length of the drill intercepts. In each case, the mineralized drill intercepts are in the range of 300m to 500m (900 to 1,500 feet) and although the gold grades are mostly less than 1 g/t, these are the types of deposits (that is, assuming they turn out to be deposits) that the majors go ga-ga over: large tonnage, open pit mining.
Now please don't get me wrong. I am not recommending these companies as investments or as speculations. They are probably too risky for most investors. I am merely pointing out a situation you might want to investigate further, as it is somewhat unique to have 3 explorers with potentially world class gold-copper mines being drilled at the same time. And yes, copper is a base metal and I do expect a correction in base metal prices toward the end of this year. But that still leaves plenty of time to speculate, especially while I wait for a true monster opportunity to show up in the silver-gold arena (if you know of any that I seem to have missed, I wouldn't mind hearing from you. And you can cross Pediment and Garibaldi off your list, I am already on top of those). Besides, these types of deposits can be economic with copper prices under $1/lb., which is a price level I can't foresee copper visiting for a long time, if ever.
So without further ado, here are the three companies I am talking about: Southern Arc exploring in Indonesia, Serengeti exploring in BC Canada and Exeter in Argentina and Chile. I'm not going to say more about these companies other than to credit Bob Moriarty for his early commentary on Southern Arc, which ironically could play a major part in heralding in a new age of exploration mania after Bre-X (the last company to look for gold in Indonesia) brought the prior one to and untimely end.
If you ask me, an exciting story or two is exactly what the resource sector needs at the moment. It is the answer to the oft-ask but seldom correctly-answered question: why are the mining equities lagging the metals? Simple, even though we've had a few discoveries here and there, nothing (yet) has caught the imagination of the investing public. I'm not talking about just the resource investing public, which is already pretty much fully invested. No, there needs to be a discovery that gets the general public excited. Then you will see the mining sector soar like it did in 1997. Aurelian could have been the one but for one reason or another the timing or something else was wrong. Now, with three potential world-class gold mines possibly on the verge of greenfields discovery, this could be the beginning of something big. And in the case of Exeter, the stock already trades on the AMEX, giving US investors an immediate opportunity to participate.
Yes, I know this is mostly just day-dreaming or wishful thinking, but I'm kind of getting bored with the same old, same old. It's time for 5 years of aggressive exploration and billions in exploration to start paying off for this business!
Noch was zu Goldex: da stellt sich für mich die Frage: Raushauen mit Verlust oder Nachkaufen....
Artikel vom deutschen Betreuer oder doch besser Wärter
Vancouver, 6. Juni 2007- Die Goldex Resources Corporation (TSX-V: GDX) http://www.goldex.ca Goldex Resources legte neue Bohrziele in Guatemala fest und überfliegt ihr neues Zielgebiet in Mexiko.
Da in Guatemala die Regenzeit begonnen hat, wurden die Bohrarbeiten bis zum Herbst ausgesetzt. Goldex hat die erste Phase der Bohrarbeiten im Projekt El Pato in Guatemala beendet, und die Ergebnisse aller Bohrlöcher liegen jetzt vor. Die Ergebnisse von Phase eins des Goldex-Bohrprogramms, wurden in die Datenbank aufgenommen und es wurden neue Querschnitte und Pläne gezeichnet, um die geologischen Verhältnisse, die Strukturen und die Mineralisierung darzustellen.
Die Bohrergebnisse der Hauptsektoren bestätigen grundsätzlich, dass die von Goldex Resources entdeckte Goldmineralisierung eine ähnliche Dicke und ähnliche Gehalte aufweist wie die von den Vereinten Nationen und dem guatemaltekischen Bergbauministerium niedergebrachten Bohrlöcher. Die Goldex-Löcher 9 bis 12 im Sektor El Pital weisen in verschiedenen Abschnitten Gehalte zwischen 0 Au g/T und 13.028 Au g/T auf. Wie bereits gesagt, wird nach der Erstellung der Querschnitte sowie der Karten und der Festlegung der Bohrziele für Phase zwei eine detaillierte Studie durchgeführt werden. Es liegt auf der Hand, dass weitere Bohrungen notwendig sein werden, um die Gebiete außerhalb der Hauptsektoren zu erkunden. Insbesondere der mineralisierte Sektor El Sauce beinhaltet fünf oder sechs Ziele mit außergewöhnlich hochwertigen Oberflächen-, Grab- und Chip-Samples, von denen einige Werte von 10 AU g/T aufweisen.
Goldex freut sich sehr über sein zusätzliches Zielgebiet El Arco im mexikanischen Bundesstaat Durango. El Arco liegt im Gold- und Silbergürtel des Zentralplateaus in der Nähe des historischen Silber-, Blei- und Zinkdistrikts Tejamen. Derzeit entwickelt Goldex einen Explorationsplan, in dessen Rahmen das Gebiet in diesem Sommer zunächst überflogen werden soll. El Arco hat viele bekannte Nachbarn wie die Mine Penoles La Cienega in Durango, die 1600 t/d mit 7.58 g/Au, 112 g/t und 3.66% Pb/ZN produziert hat. Außerdem evaluiert Goldex Resources derzeit zusätzliche Zielgebiete in Nord- und Südamerika im Hinblick auf eine mögliche Akquisition.
Goldex Resources Corp. ist ein junges börsennotiertes Rohstoff-Unternehmen, welches an der TSX-V geslistet ist und in Amerika nach Gold sucht.
Im Auftrag des Vorstands eingereicht
?Charles Ross? CFO
Für zusätzliche Informationen wenden Sie sich bitte an:
Jay Friesen
Manager Corporate Development
Melissa Pelto
Investor Relations
Tel. (604)-669-430
Email: melissa@goldex.ca
Die Homepage von Goldex finden Sie unter http://www.goldex.ca
TSX Venture Exchange hat in keinster Weise den Inhalt dieser Veröffentlichung bewertet und ist nicht für die Richtigkeit oder Angemessenheit dieser Presseveröffentlichung verantwortlich.
Für die Richtigkeit der Übersetzung wird keine Haftung übernommen! Bitte englische Originalmeldung beachten!
Autor: IR-World.com
© IR-world.com
Grüße und macht´s es gut!
Ich klimpere ein bisserl mit meinen neuen 2oz Libertads aus mexican silver und versuche die Altbestände meines Weinkellers zu spiritualisieren.
Einen Coonawarra, Cabernet Sauvignon, Thomas Hardy, 1993 hat´s schon erwischt unter anderem.
Der hat 2 Goldmedaillen und 3 Silbermedaillen, was wiederum genau meinem physischen Anlageverhältnis entspricht.
Ah ja, noch was , er war ausgezeichnet, gerade noch der richtige Zeitpunkt.
Musste ein bisserl meine Driller feiern. Cabo (CBE.V) wird echt interessant...
Tschonko
So, bei 3C$ ist das mein erster 1000%er.
Gestern 40% verkauft.
Einsatz schon seit langem rausgenommen.
Wenn alles positiv lauft mit den clay, können wir Kurs um die 8+ sehen.
Aber das dauert.
Dass die Drillingabteilung mehr die eigenen gebiete drillt, wurde ja revidiert, sie bleiben vorest in der Sunshine mine in Idaho.
Und da haben sie ja auch noch eine liegende property.
Grüße
Tschonko
UC.V mit dem Canada Projekt, das ich noch immer nicht mag.
Aber die nachrichten beginnen zu tröpfeln. Wird weitertröpfeln!
In der Meldung steht auch, dass Cabo (CBE.V) drillt, nur bei Cabo find ich dahingehend keine Meldung.
UC Resources Limited and Spider Resources Inc. Commence Spring Geophysical Program at McFaulds VMS Project in Northern Ontario
Friday June 15, 11:00 am ET
TORREON, COAHUILA, MEXICO and VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 15, 2007) - UC Resources Ltd. (the "Company") (TSX VENTURE:UC - News) and Spider Resources Inc. ("Spider") (TSX VENTURE:SPQ - News) are pleased to announce the startup of a UTEM (deep electromagnetic) geophysical program at the McFauld's Lake volcanic-hosted massive sulphide ("VMS") project, located in northern Ontario in the James Bay Lowlands. La Montagne Geophysics Limited ("La Montagne") of Kingston, Ontario has recently been awarded the geophysical contract to complete a UTEM 3 survey over Grid "C" that covers McFauld's #3 and #1 VMS occurrences. The La Montagne geophysical crew mobilized to the project and arrived on site June 8; surveying commenced on June 9. Approximately one half of the proposed program (plus infill lines) has been completed to date, they expect to be finished this phase of the exploration program by June 20th.
Cabo Drilling (Ontario) Corp. has recently been awarded a drill contract that involves the drilling of 4000 meters of core to commence prior to the end of June. Les Helicopteres Abitibi Ltee., have been contracted to support the geophysical and drill programs. Several workers are presently on site, some of whom represent the Marten Falls Reserve and Webequie First Nation engaged in the geophysical phase of the project. Other First Nation communities will be introduced to the project during the summer program in various roles. The on-site field aspects of the project are being overseen by Billiken Management Services Inc. ("Billiken") of Toronto. Dr. Howard Lahti P.Geo., an Independent Qualified Person has been mandated with overseeing the field aspects of the project by Billiken. Neil Novak P.Geo., President of Spider Resources Inc., Vice President of UC Resources Ltd. is the former President of Billiken. As of June 1, 2007, Mr. Novak's interest in Billiken was sold to an arms length party, and Billiken, therefore, ceases to be a related party.
The current program is funded entirely by UC, in compliance with their funding obligation for the project. UC has an option to earn-in up to a 55% undivided interest in the McFauld's Lake project, which is currently owned, as to an undivided 50% interest, by each of Spider and KWG, as per the LOI signed in early March 2007. UC shall then become the operator of the property during the term of their option.
The McFauld's Lake VMS project was initially discovered in 2002, while Spider, KWG and De Beers Canada Exploration Inc. were exploring the project area in joint venture for kimberlites. De Beers holds a 1.5% net smelter royalty on the project, 0.5% of which can be purchased from De Beers by Spider and KWG for $1.5 million. The claims outlined for the aforementioned perimeter survey define the property that De Beers has the royalty on. To date, 10 isolated VMS occurrences have been identified and drill tested on the project, two of which (McFauld's #1 and #3) have undergone detail drilling.
Results of the recent (April 2007) gravimetric survey by Dr. Allan Spector, consultant to JVX Ltd., suggested that there are present 4 gravity anomalies, coincident with the 4 known and partially drilled sulphide occurrences (referred to as McFaulds #1, #2, #3 and #4) all within the main "C" grid. When referring to McFaulds #3 occurrence, Dr. Spector stated "M3 is an egg-shaped gravity anomaly about 0.8 mgal in amplitude, observed on 3 lines; 500E, 800E and 1100E." The anomalous zone has a strike length of about 800m. From modeling it has a thickness of about 20m and a depth extent of over 300m." Dr. Spector estimates that the M3 anomaly represents excess mass of 6 million tons. This estimate is not considered a "resource estimate" for the McFaulds #3 massive sulphide occurrence, it is merely an interpretation of mass based upon the measured varying physical properties of the rocks that contain this massive sulphide occurrence, when compared to the surrounding rocks. This information, however, gives management a better understanding of the possible scope or size potential for this partially drilled off massive sulphide occurrence, as well as the other nearby occurrences, which were covered by the recent survey.
UC plans to continue exploring this new VMS camp and will initially concentrate their efforts on the McFaulds #3 and #1 occurrences.
States Neil D. Novak, President & CEO of Spider, as well as VP Exploration for UC: "Spider and UC are quite excited to commence this late spring, early summer program on the McFaulds project. The completion of the recent gravity survey funded by Spider offered some understanding of the scope of the project. The ongoing compilation of existing geophysical data for the project, merged with this new UTEM data, will facilitate the planning of the next, more expansive, round of exploration which will include drilling the McFaulds VMS occurrences beyond what has already been drilled. Spider and UC are currently finalizing an updated NI 43-101 report that summarizes the project results to date, and will file same upon completion. In addition, Scott Wilson Roscoe Postle and Associates has also been retained to provide an initial review and quantification of the resource potential of the two massive sulphide zones already drilled, which will be updated as the drill program progresses over the summer."
Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are 242,193,535 shares issued in Spider.
UC Resources Ltd. is a tier 1 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol UC. There are 89,525,326 shares issued in UC.
On behalf of the Board of Directors,
Richard J. Hamelin, President/Director
ECU Silver Receives Conditional Approval for TSX Listing
Friday June 15, 9:00 am ET
TORONTO, ONTARIO--(CCNMatthews - June 15, 2007) - Mr. Stephen Altmann, President of ECU Silver Mining Inc. (TSX VENTURE:ECU - News) is pleased to announce that the Toronto Stock Exchange (TSX) has conditionally approved the listing of ECU common shares on the TSX. Upon listing on the TSX, the common shares of ECU will trade under the symbol "ECU" and will no longer trade on the TSX Venture Exchange.
ADVERTISEMENT
Stephen Altmann, President, said "The listing of ECU shares on the TSX is another step in our approach to becoming a sound investment for new and existing shareholders globally. We enjoyed a very strong performance on the TSX-V and we looked forward to building additional value as a TSX listed company".
About ECU Silver Mining Inc. (http://www.ecu.ca)
ECU is focused on the exploration, development and mining of gold, silver and base metals at its Velardena property in Durango, Mexico. This property includes five historical mines - Santa Juana, Terneras, San Mateo, San Juanes, and the San Diego mine. ECU is defining the "Mineralized Corridor" at Santa Juana and further defining the resource at San Mateo. ECU's mission is to become a pre-eminent silver producer through the development of existing, and additional potential resources at Velardena.
SST.V: die warrants sind schon weit im Geld. 20 Mille ist nicht schlecht....
da ensteht so was wie silver Wheaton.
SNN.TO: sicher sind die sehr gut. Einiges hier schon gepostet.
Weiß jetzt nicht genau, ob heron diesen Artikel zu PRO.V schon gepostet hat:
http://www.resourceinvestor.com/pebble.asp?relid=31786
Coverage-Studie zu FR.V: lang aber gut.
http://www.firstmajestic.com/i/pdf/initiating_coverage.pdf
Ob der Kursanstieg heute damit zusammenhing?
Portal Drilling Follows Up 4.0 Meters Grading 18.9 g/t Gold and 549 g/t Silver at Arroyo Verde Principal Vein
http://biz.yahoo.com/ccn/070614/200706140397102001.html?.v=1
Durch die Drillinggesellschaften ALMI.OB, EGD.V und CBE.V blieb mein Depot beim Abschwung fast unverändert. Wobei Cabo seine Minuslücke schloss, was sich im Depotstand auch positiv auswirkte.
Finde das bemerkenswert.......
Scheint die stunde der Driller zu sein, im Moment. Alle am ATH!
Grüße
Tschonko
