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Acquisition of Two Gold Exploration Properties in the Urban-Barry Mining Camp, Quebec
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MONTREAL, QUEBEC--(Marketwire
- March 11, 2010) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco")
is happy to announce the signature of an acquisition agreement for a 100%
interest in two claim blocks that make up the Urban-Oasis property located in
the Carpiquet township of Quebec which is some 100 km east of
Lebel-sur-Quévillon in the Abitibi region. Amseco is acquiring the properties
from Jean (40%) and Gérard Robert (20%), Les Explorations Carat Inc. (20%) and
Diane Audet (20%) all from the Val d'Or, QC, area. The property consists of
eleven (11) map designated mining claims («CDC») and 5 staked claims for a
total area of 696 hectares.
The claims include drill hole NO-86-3 completed in 1986 by Ressources Onyx Inc. which intersected 1.2 meter
at 13.1 g/t Au. Onyx also completed some stripping followed by channel sampling
which revealed 4.88 meters grading 21.9 g/t Au.
The claims are located in the
Urban-Barry mining camp that hosts Métanor's (TSX-V-«MTO») «Barry» open pit
gold mine as well as Beaufield Explorations' («BFD» TSX-V) Lac Rouleau gold
showing, Eagle Hill's Windfall showing (TSX-V : « EAG »)
and the Murgor zone. In addition there are a number of other surface gold
showings as well as a number of diamond drill holes intersections which
revealed the presence of gold including the Lac Kent and Macho river
discoveries.
To complete the acquisition
Amseco must pay in cash to the vendors $6,000 and also issue three hundred
thousand (300,000) treasury shares that will become free trading 4 month and 1
day following the regulatory approvals.
A 1.5% NSR is payable on all
production from the property. One half of one percent (0.50%) of the NSR can be
bought back by Amseco for a payment of $200,000.
The Urban-Barry project, which
includes the Amseco controlled claims or over which it holds an option to
purchase, now covers seven hundred and twenty two (722) claims in the
Urban-Barry mining camp. This represents an area of more than thirteen thousand
one hundred and sixty four (13,164) hectares, or 131.64 square kilometers. The
project is one of the company's three main gold projects that also include the
Malartic and Timmins properties. Amseco strongly believes that the Urban Barry
region will greatly benefit from a unified exploration approach and it
forecasts that the expansion of the exploration effort will deliver positive
results.
We seek safe harbour
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
| MetalsNews News |
Phase Three Drill Program Commences at El Creston Molybdenum Deposit
Vancouver, BC - (MetalsNews.com, July 28, 2010) - Creston Moly Corp. ("Creston" or the "Company") (TSX-V: CMS) today announced that a Phase Three 15 hole diamond drill program totaling 2,000 metres in length has commenced at its El Creston molybdenum deposit located in the state of Sonora, Mexico. |
Romarco Encounters 38.1 Meters of 11.8 g/t Au
Toronto, ON - (MetalsNews.com,July 21, 2010) -ROMARCO MINERALS INC. (TSXV: R) (the “Company”) announced drilling results from the Ledbetter area. The encouraging results are from step-out holes that identify mineralization beyond the currently proposed Ledbetter pit. |
AFRICAN QUEEN MINES COMMENCES FIELD EXPLORATION AT RONGO GOLD FIELD PROJECT IN KENYA’S LAKE VICTORIA GREENSTONE BELT
Vancouver, BC - (MetalsNews.com, July 19, 2010) - AFRICAN QUEEN MINES LTD. (the “Company”) has now commenced its Phase 1 Exploration Program on the Rongo Gold Field Project in the Kanango gold mining area of the Migori District of Nyanza Province in Southwest Kenya near Lake Victoria.
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Golden Predator Acquires High Priority Drill Project: The Cynthia Gold Property, Yukon Territory
Vancouver, BC - (MetalsNews.com, July 19, 2010) - Golden Predator Corp. (TSX:GPD) (the "Company")has signed an option agreement to acquire a 100% interest in 219 quartz mineral claims known as the Cynthia Property, located in east central Yukon, Canada |
Candente Copper appoints Mr. Michael Thicke as Vice President Exploration
Vancouver, BC - (MetalsNews.com, July 19, 2010) - Candente Copper Corp.(TSX:DNT) ("Candente Copper") appoints Mr. Michael Thicke, M.Sc., P.Geo. as Vice President Exploration. |
Premier Completes $18 Million Flow-Through Financing
Thunder Bay, Ontario - (MetalsNews.com, July 15, 2010) - PREMIER GOLD MINES LIMITED ("Premier" or the "Company") (TSX: PG) announced that it has completed its previously announced private placement (the "Offering") of flow-through common shares of Premier ("Flow-Through Common Shares"). Including Flow-Through Common Shares issued on the exercise of the underwriters' over-allotment option, Premier issued 3,000,000 Flow-Through Common Shares at a price of Cdn$6.00 per Flow-Through Common Share for aggregate gross proceeds of Cdn$18,000,000. |
THOMPSON CREEK METALS COMPANY INC. ENTERS INTO AGREEMENT TO ACQUIRE TERRANE METALS CORP.
Denver, CO and Vancouver, BC – (MetalsNews.com, July 15, 2010) - Thompson Creek Metals Company Inc. (“Thompson Creek”) (NYSE:TC and TSX:TCM) and Terrane Metals Corp. (“Terrane”) (TSX Venture:TRX) jointly announce that they have entered into a definitive agreement pursuant to which Thompson Creek will acquire all of the issued and outstanding equity of Terrane. |
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The Gold Anti-Trust Committee Gives a Dire Warning
by Allen Alper and Aaron Hoos
When you talk to junior mining companies who are trying to drum up money to fund their exploration, you'll frequently hear about how rosy the future looks: Prices can only go up, opportunity will only increase, and the economy can only get better.
Click here to continue... |
Rio Novo Gold Goes Big
by Allen M. Alper and Aaron Hoos
But Rio Novo Gold (TSX: RN) is going one step further: It's aiming to run entire gold districts, which is an interesting and aggressive play to lock out competitors and cash in on opportunities over a large piece of land. But that's not the only exciting aspect of Rio Novo Gold. Their financial outlook is exciting, given their project's history and its current state of development.
Click here to continue... |
Building a Hard Assets Conference That’s Hard to Beat
by Allen Alper
Looking forward to the next Hard Assets Investment Conference? We had a chance to sit down with Jonathan Moore, the show organizer.
Click here to continue... |
New Growth: The Agnico-Eagle Mines Story
by Allen M Alper Jr and Aaron Hoos
Stories of explosive business growth are compelling to mining industry investors who want to get an early lead on opportunities. Agnico-Eagle Mines (AEM) offers a fascinating story of a company that progressed steadily for many years and then, recently, switched tactics and is now seeing some exciting growth in new directions.
Click here to continue... |
Philippine Metals Developing Rich Copper and Gold Properties in the Philippines
by Dr. Allen M. Alper
A relative newcomer, Philippine Metals started trading on the TSX Venture Exchange on 7 April 2010. Nevertheless, it has wide local knowledge, a strong management team and what company President and Director, Marshall Farris, describes as “three company-maker projects”.
Click here to continue... |
Rare Element Resources, Working in a Jurisdiction Ranked Number Two in the World for Developing a Mine
by Dr. Allen M. Alper
Rare earth elements have a variety of uses, with around 19% used as catalysts, mainly in crude oil refining. A further 27% have uses in the glass and ceramics industry while 18% are used in metallurgy as an alloying agent. Applications in batteries and permanent magnets are increasing rapidly with “super” magnets consuming 21%.
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Thompson Creek Metals: Their Moly Focus is their Strength… And There's More to Come
by Allen M. Alper Jr. and Aaron Hoos
 Some companies pursue a diversified approach and broaden their skill-set while minimizing their risks. Other companies go in the opposite direction, focusing solely on a single target, which gives them other advantages and mitigates other risks. Thompson Creek Metals Company (NYSE: TC, TSX: TCM) pursues the latter strategy and investors who are excited about the burgeoning opportunities in the molybdenum market will love this company's focus.
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Sona Resources Corp is Achieving Goals and Building its Portfolio Gold Projects
by Dr. Allen M. Alper and Aaron Hoos
Metals investors are used to seeing junior companies founded on a good idea and a healthy amount of hope. But if the junior company was founded a couple of decades ago and currently owns 4 projects and is achieving targets to grow, it's a different story.
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American Creek Resources: Iron Ore, Gold, Silver, Copper: British Columbia, Canada
by Allen M. Alper Jr. and Jeff Senior
 Precious metals exploration company American Creek Resources has exciting times ahead, with two of its properties in particularly promising real potential for a major breakthrough. We caught up with CEO and President Allan Burton, who founded the company after a career practicing law in Calgary. He says: “I started the company with my partner in 2004. We were talking that metals were going to dramatically increase over the next few years. We were right. We went public in 2006 and we’re on the TSX Venture Exchange.”
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Gold Royalty and Shale Oil Companies, Bullion Monarch Mining and EnShale Inc.: A Winning Combination
by Allen M. Alper Jr. and Aaron Hoos
Investors love investment stories about mining companies being in the right place at the right time. They also love investment stories about mining companies that build on past successes to create brilliant opportunities for the future.
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