Beiträge von goodluck

  • Cdu/cdy

    Mir ist es prinzipiell egal. Allerdings geht die Company nun in die heiße Phase. PDP Einstufung - Drilling CA event. Ende Sept. - Ergebnisse der IP sollten kommen....


    Vielleicht doch lieber einen extra CDU/CDY Thread? ?(

  • Cdu/cdy

    Dann lassen wir das Thema ruhig mal so stehen. Ich denke mit der News ist die ruhige Zeit von CDU/CDY eh vorbei!


    Die Einstufung der Pampa de Ponge (ca. 1 Mrd. Tonnen Iron Ore) sollte auch nicht mehr lange auf sich warten lassen! ;)

  • Cdu/cdy

    Ich denke diese sehnlichst erwartete News ist ein neues Thema wert. :)


    Cardero Recieves Baja California, Mexico IOCG Drill Permit
    9/1/05


    VANCOUVER, British Columbia, Sep 01, 2005 (BUSINESS WIRE) --
    Cardero Resource Corp. (the " Company" or " Cardero" ) (TSX VENTURE:CDU)(AMEX:CDY)(FWB:CR5) is pleased to announce that it has received the anticipated drill permits from Mexican provincial authorities in Baja California Norte for its Phase I Alisitos Belt IOCG diamond drill campaign. Cardero is now in position to complete final site preparation at the first target, San Fernando, which includes camp set up, drill pad preparation and drill-rig mobilization.


    The Company assumed operatorship of the project on July 13, 2005 and has since successfully completed the " Land Use" report, lodged the drill permission application and taken officials on a site visit of San Fernando and Amargosa targets.


    Cardero anticipates that the 1900m drilling campaign, designed by Anglo American to test the San Fernando and Amargosa IOCG targets, will begin in early- to mid-September. San Fernando, the highest priority target defined to date, will initially be tested with five diamond drill-holes for an approximately total of 1500m diamond drilling (Table 1 & Figure 1).


    At Mina San Fernando reports from the early 1900s, state that it was intermittently worked from 1769 to 1907 with the majority of development occurring in the period 1900 - 1907 when the 'Main' and 'Ingelesa' shafts were deepened to approximately 180 and 140 metres respectively with 800 metres of drifting on 6 levels.


    Production appears to have exploited structurally controlled, high-grade, copper mineralization and abruptly ceased in 1907 in 15 feet of 'massive chalcopyrite' mineralization as a result of the Mexican Revolution. Sampling of high grade pillars at 120 foot depth in 1910 returned values of 25%, 35.5% and 18.8% Cu and in 1922 a 'systematic' channel sample from disseminated mineralization reportedly returned 71 feet at 2.26% Cu. Recent grab samples from dumps at the San Fernando shafts have assayed up to 7% copper. The average grade of mineralization sampled to date on the property appears to range between 1-2% copper and 0.5 - 1.0 g/t gold.


    Subsequent detailed magnetic, gravity and Induced Polarization surveys by Anglo have successfully outlined a very large, coherent, geophysical anomaly associated with, and extending to the east, west and south of the significant Mina San Fernando occurrence. The core of the anomaly has the following modeled dimensions: 2.4 kilometres E-W by 600 metres N-S and extending for several hundred metres depth (Figure 1).


    " Cardero is excited to be in a position to commence the long anticipated drill program and looks forward as operators to take this the project to the next level," stated Henk Van Alphen, president of Cardero. " Given the significant interest generated over the past two years we look forward to releasing results in a timely manner."


    Table 1: Proposed San Fernando drill-holes and target characteristics:--------------------------------------------------------------------Borehole Number Target--------------------------------------------------------------------05-SF-001 - Eastern margin of main magnetic anomaly, co-incident IP (chargeability - resisitivity) anomaly below known mineralization. - Down-dip extension of Mina San Fernando mineralization (reported to have ceased in 15' of massive chalcopyrite mineralization).--------------------------------------------------------------------05-SF-002 - Main magnetic anomaly - gravity high (4 mGals). - Highest modelled chargeability anomaly on property (approximately 70ms) and associated resisitivity low / conductivity high.--------------------------------------------------------------------05-SF-003 - Complex magnetic - gravity anomaly, geophysically similar response to Mina San Fernando. - Associated chargeability high (50ms) - resisitivity low.--------------------------------------------------------------------05-SF-004 - Moderate modelled chargeability anomaly (40ms) and adjacent offset resisitvity low within main magnetic body.--------------------------------------------------------------------05-SF-005 - Moderate modelled chargeability anomaly (30ms) within main magnetic body.--------------------------------------------------------------------
    To view Figure 1 please click on the following link: http://www2.ccnmatthews.com/database/fax/2000/0901cdc.jpg


    EurGeol Mark D. Cruise, Cardero's Vice President-Exploration, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information contained in this news release.


    The Company further announces that pursuant to the distribution of 2,600,000 units via brokered private placement on March 17, 2004 and, subject to regulatory acceptance, it is extending the term of the share purchase warrants thereto for an additional six months to March 17, 2006. Each unit consisted of one common share and one common share purchase warrant exercisable at a price of $3.25 to March 17, 2005 or $3.50 to September 17, 2005. All remaining warrant terms are unchanged.


    And finally, the Company announces that, pursuant to its Stock Option Plan, incentive stock options have been granted to directors, officers, employees and/or consultants of up to an aggregate 225,000 shares in the capital stock of the Company. The options are exercisable at a price of $3.00 per share on or before September 1, 2007.


    The Company is well financed with $16 million in the treasury and well positioned to continue to explore its projects in Mexico, Peru, and Argentina. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol CDU), the American Stock Exchange (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). The Company is actively evaluating gold, silver, copper, iron ore-copper-gold (IOCG) and iron projects, which will ensure the recognition of Cardero as a world-class exploration and development company.


    For further details on the Company readers are referred to the Company's web site (http://www.cardero.com), Canadian regulatory filings on SEDAR at http://www.sedar.com and United States regulatory filings on EDGAR at http://www.sec.gov.


    On Behalf of the Board of Directors of


    CARDERO RESOURCE CORP.


    Hendrik van Alphen, President


    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding future anticipated exploration program results, the discovery and delineation of mineral resources/reserves, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend estimate, postulate and similar expressions, or which by their nature refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the Company's ability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies.


    All of the Company's public disclosure filings may be accessed via http://www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties. This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.


    This press release is not an offer to buy or sell securities in the United States.


    The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.


    Cardero Resource Corp. (TSX VENTURE:CDU) (AMEX:CDY) (FRANKFURT:CR5)


    SOURCE: Cardero Resource Corp.


    Cardero Resource Corp. Quentin Mai Manager - Corporate Communications & Investor Relations (604) 408-7488 Fax: (604) 408-7499 qmai@cardero.com http://www.cardero.com

  • Fortuna Mining / FVI, FSM (TSE, NYS)

    2005-08-30 09:58 ET - News Release


    Mr. Peter Thiersch reports


    FORTUNA STARTS 20,000M DRILL PROGRAM AT CAYLLOMA


    Fortuna Silver Mines Inc. has commenced an extensive definition drilling program at the company's 100-per-cent-owned Caylloma silver mine in southern Peru.


    The drill program will focus initially on the silver-lead-zinc Animas vein, which is known to be 3,800 metres long and up to 20 metres wide. At least 70 holes will be drilled from existing underground workings to test the extent of a wider mineralized envelope, indicated by previous work, which surrounds a higher grade core.


    Previous resource modeling focused solely on a 1.2-metre-wide high-grade silver band, within a wider silver-lead-zinc envelope that was not considered in the existing National Instrument 43-101 compliant resource estimate (seven million ounces silver in reserves plus 14 million ounces silver in resources). Historical data indicates that this wider mineralized envelope could be three metres to seven metres wide, with values in the range of two to seven ounces per ton silver, 3 per cent to 8 per cent, and 7 per cent to 12 per cent zinc.


    Fortuna president Peter Thiersch said: "The plan is to drill holes of no more than 20 to 25 metres, from the centre of the vein outward, to test the extent of mineralization across the entire vein width. We are very excited about the potential of the Animas vein, and this style of short hole underground drilling will be a highly effective and relatively low-cost method of building ounces on the project."


    The infill drilling program is designed to increase economic tonnage on the Animas vein and determine optimum production rates. Exploration drilling from surface is also planned to test other high priority targets on the property. A budget of up to $2-million (U.S.) has been approved for 2005-2006.


    Fortuna management is convinced that significant additional silver-lead-zinc resources exist across much greater widths on the Animas vein than previously considered, and that this could allow for mechanization of underground operations which would lead to both increased production rates and reduced costs.


    Corporate update


    Fortuna has appointed Jorge R. Ganoza Aicardi, BSc Eng, as vice-president, operations, of the company. Mr. Ganoza Aicardi is a mining engineer with 30 years of experience in exploration and mine development in Latin America, including managing the start-up of three mid-size underground mines in Peru and Panama.


    Qualified person


    Mr. Thiersch, MSc, PGeo, president of Fortuna, is the qualified person for the company, as defined by NI 43-101, and is responsible for the accuracy of this press release. The historical data mentioned above have not been verified by a qualified person and are therefore not NI 43-101 compliant.

  • Uranaktien: Minen, Explorer, Produzenten, Anwender

    2005-08-29 13:44 ET - News Release


    Mr. Jerry Pogue reports


    WEALTH MINERALS PROVIDES INFORMATION ON PROSPECTS IN JUJUY, NW ARGENTINA


    Wealth Minerals Ltd. has released additional descriptions of properties located in the province of Jujuy, acquired through the purchase of Madero Minerals SA (news in Stockwatch dated July 12, 2005). The six properties are part of a larger package of highly prospective concessions in the provinces of Salta, Jujuy, Catamarca, La Rioja and San Juan, all located in northwest Argentina. Each property in Jujuy has known uranium occurrences and several have polymetallic veins containing various base metals.


    In Jujuy province, Wealth has six properties totalling 31,000 hectares. The Tusaquilla property is the largest, covering an area of approximately 26,000 hectares. Mineralization on the property includes alkaline granitic complex with a number of known occurrences of uranium, thorium and rare earths.


    The other five properties in Jujuy each cover an area of 1,000 hectares and all have known occurrences of uranium. The Purisima property and the Paicone property are the most advanced properties. The Purisima has a number of polymetallic veins found over a strike length of approximately one kilometre. These veins contain various minerals of copper, lead, zinc, cobalt, nickel and uranium. Previous exploration work has included minor underground development and surface trenching.


    The Paicone property is underlain by Ordovician marine sediments intercalated with fragmental volcanic rocks. Tertiary sedimentary rocks unconformably overlie this sequence. The volcanics and Tertiary sediments are anomalous in uranium. In addition, there are occurrences of polymetallic veins containing copper, tin and uranium mineralization.


    Argentina is home to Latin America's most advanced nuclear energy program. Two nuclear plants are operational while a third is near completion. The two plants supply about 9 per cent of the country's electricity. The company believes that Argentina, which has had a number of producing uranium mines, including the Dr. Baulies mine in Mendoza, the Don Otto mine in Salta and the Sierra Pintada/San Rafael mine in Mendoza, has been relatively underexplored for uranium in recent years and represents a promising area for new discoveries. An example of the potential target Wealth seeks is the Cerro Solo uranium deposit located in Chubut province, Argentina. This deposit which is owned by CNEA has been the subject of a prefeasibility study, which concluded that it is economically viable based on minable reserves at an average grade of 0.3 per cent U3O8, containing a recoverable uranium oxide content of 10.3 million pounds.


    Wealth is pleased to announce that exploration work started July, 2005, at Mackenzie gold project in British Columbia, Canada. The company is looking forward to announcing results in the fourth quarter.


    Wealth is also pleased to announce that Michael W. Kinley, CA, has become chief financial officer, replacing Jon Lever, who, due to other commitments, resigned on July 31, 2005. Wealth wishes to thank Mr. Lever for his efforts on behalf of the company.


    Mr. Kinley has extensive public company experience, and the financial qualifications to play an important role as the company continues to rapidly expand. Mr. Kinley received his chartered accountant designation in 1973, was admitted to the chartered accountants of Nova Scotia in 1980 and the chartered accountants of British Columbia in 2003 and was a partner for a large national accounting firm.


    The company further announces that pursuant to its stock option plan, it has granted incentive stock options to certain directors, employees and consultants, of up to 175,000 common shares in the capital stock of the company. The options are exercisable on or before May 5, 2007, at a price of $1.05 per share. The stock option plan was approved by the members of the company at the annual general meeting held on Sept. 27, 2004.


    Kinley -> CDY ;)

  • Juniors aus Kanada

    Palladon converts Luxor financing to term loan



    2005-08-26 22:22 ET - News Release


    Mr. George Young reports


    PALLADON VENTURES LTD. ANNOUNCES RESTRUCTURED FINANCING AND IRON PROJECT TRANSACTIONS


    Palladon Ventures Ltd. has agreed with Luxor Capital Partners LP, subject to standard closing conditions and exchange approval, if required, to restructure the pending transactions covering the Mountain Lion/Comstock iron project. The pending convertible debenture financing will be withdrawn, and the parties will restructure the $10.3-million (U.S.) plus accrued interest, closing costs and other advances outstanding under the bridge loan, which was used to acquire the project, into a term loan at an interest rate of 9.25 per cent payable over five years. As a part of the restructuring, Luxor will acquire 50 per cent of the project, 35 per cent from Palladon's joint venture partner Western Utah Copper Company and 15 per cent from Palladon. Consideration for the 50-per-cent purchase will include $3.0-million (U.S.) in direct acquisition cost and $600,000 (U.S.) in forgiveness of legal and financing fees. In addition, Luxor will contribute $500,000 (U.S.) of equity to the project and advance $1.4-million (U.S.) for general corporate purposes under the new term loan (bringing the total amount outstanding under the term loan to $12.75-million (U.S.)). Upon consummation of the transaction, Palladon will use a portion of the $1.4-million (U.S.) committed to general corporate purposes to fully vest in the Western Utah copper project. Additional loan proceeds will be set aside to finance the company's pro rata equity contribution to the project. Luxor will also be granted two-year warrants to purchase Palladon common stock as follows: 1.5 million shares at 82 cents, one million shares at 92 cents and one million shares at $1.


    Proceeds of the transaction will enable further advancement on the iron project. Palladon recently signed an agreement to sell one million metric tonnes of iron ore over a 12-month period to a Chinese purchaser, and intends to service the term loan through proceeds of iron ore sales.


    Accordingly, the company will not be placing shareholder resolution item 7 and item 8 before shareholders at the annual general meeting Monday, Aug. 29.


    Palladon president George Young said: "This represents a major step forward for the company and the iron project. We have been able to acquire a first-class portfolio of mineral projects, have solidified the ownership and capital structure of the company with limited dilution, and have secured a committed long-term financial partner in Luxor Capital."


    :D

  • titan uranium

    Schau Dir mal die Share Struktur an. Ca. 12 Mio Aktien sind draußen. Fully diluted sind es 20 Mio. 8 Mio Warrants und Optionen stehen noch an.


    Für mich ein Push zum Abladen! ;)

  • New Orleans Conference + Links

    Since C.ardero took over the Baja permit process less than one month ago, all necessary documents were submitted and government officials visited the site. C.ardero believes it is extremely close to receiving approval and completing this permitting Odyssey.


    ;)