| Breaking News |
Gold Reach Resources Ltd. Undertakes Airborne Geophysical Survey on its Auro
Property - 17 Minutes
Gold Reach Resources Ltd. is pleased to announce it has commenced the 1598 line kilometer airborne geophysical survey on its Auro Property which is directly adjacent to Richfield Ventures 'Blackwater' Bulk Gold Target. |
Star Uranium reports results of year end drilling program - 35 Minutes
Star Uranium Corp. - Star Uranium Corp. announced today the results of its two well drilling program. |
Imperial Metals LLC Launches New Company Website - 1 Hour
Imperial Metals LLC announces the launch of its new corporate website at ImperialMetalsLLC.com. The website contains information about precious metals, the marketplace, and the company. |
Rare Element Reports Additional 2009 Rare-Earths Drilling Results - 1 Hour
Assay results from ten drill holes, all with rare-earth mineralization, - Drill-hole RES 09-17 - 171 ft aggregate true thickness @ 5.57% REO, - Including 36.5 ft @ 10.88% REO, - Drill-hole RES 09-18 - 69.8 ft aggregate true thickness @ 5.97% REO, - Including 27.3 ft @... |
Royal Roads Announces Change in Board of Directors - 1 Hour
TSX-V Shares Outstanding: 112,127,490 Resources Corporation, resigned as a director and as executive chairman of the Corporation. |
Acadian Mining announces change in board of directors - 1 Hour
Acadian Mining Corporation announced that, effective February 5, 2010, Joseph Gutnick, President and CEO of Legend International Holdings, Inc. and Resources Corporation, resigned as a director and as executive chairman of the Corporation. |
DOT Intersects Higher Grade Copper-Gold Mineralization - 1 Hour
DOT Resources Ltd. is pleased to announce the results of 7 of 15 diamond drill holes from its recently completed diamond drilling program on its 100% owned Dot porphyry copper property located 17 kilometres south of the Highland Valley Mining District, in central British... |
Coalcorp Announces Update on the Settlement Agreement - 1 Hour
Coalcorp Mining Inc. announced today that the parties to the Settlement Agreement have delivered such releases, consents and agreements, and Xira Investment Inc. has made the initial $7 million payment to Coalcorp, each as required under the Settlement... |
Compass Minerals Continues Streak of Full-Year Earnings Improvement - 2 Hours
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP) reports the following results of its fourth-quarter and full-year 2009 operations: Net earnings for the three months ended December 31, 2009, were $62.5 million, or $1.88 per diluted share, compared to $80.1... |
Regal Resources Inc.: News Release - 2 Hours
Regal Resources Inc. - Regal Resources Inc. is pleased to announce it has entered into an option agreement to earn a 100% interest in the Patagonia copper project in Santa Cruz county Arizona. |
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Sparton Locates New High Grade Copper-Moly Zone at Whiskey Project-New Brunswick
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TORONTO, ONTARIO--(Marketwire - Aug. 11, 2008) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") reported today that it has located a new zone of mineralization on its 100% owned 'Whiskey' claim area in central New Brunswick. Preliminary grab and chip sampling results have returned significant values in copper, silver, and molybdenum. The new area is not located in one of the zones tested by the drilling program completed in March of 2008. (See Sparton news release dated February 20, 2007).
Subsequent to the completion of the winter 2008 drill program, the Government of New Brunswick, bowed to pressure from various local lobby groups and has declared a ban on all uranium exploration in the province. A moratorium on claim staking was also put in place pending the implementation of a new on-line system of mineral claim acquisition. As a consequence Sparton's summer program has focussed on copper exploration, and the uranium program has been suspended.
NEW ZONE RESULTS-HIGHLIGHTS
The newly discovered mineralization is hosted in an altered and brecciated, sub vertical, granitic intrusive emplaced in sedimentary rocks. The zone is intensely sheared and faulted and exposed in a rock face approximately eight meters wide. Assay results now available indicate continuous copper mineralization across the zone with four chip samples taken across the zone at right angles to the mineralized body returning higher values:
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SAMPLE NO. TRUE WIDTH %Cu PPM Ag(ii) %Pb %Mo
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GQ-JF-08-05 1 METER 1.00% 4.75 PPM 0.08% 0.03%
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GQ-JF-08-06 1 METER 1.51% 33.6 PPM 0.08% 0.14%
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GQ-JF-08-06A 0.5 METER 4.46% 115 PPM 0.40% 0.63%
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GQ-JF-08-07 1 METER 0.04% NSV NSV NSV
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GQ-JF-08-08 1 METER 0.04% " " "
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GQ-JF-08-09 1 METER 2.93% " " "
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GQ-JF-08-10 GRAB 0.05% " " "
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GQ-JF-08-11 1 METER 0.12% " " "
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GQ-JF-08-12 1 METER 0.02% " " "
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Samples GQ-JF-01 to 04 returned low values. Samples 11, 12 were taken about 15 meters along strike from 8 and 9 in similar mineralized material.
DISCUSSION
The discovery of this new zone and style of mineralization is very encouraging. The fact that the values are hosted in an intrusive rock unit and not previously recognized in this area opens up a new environment for exploration in the region.
A follow up program of soil sampling has recently been completed to trace extensions of the new zone under overburden covered areas, and results are expected to be available within 6-8 weeks. Additional chip sampling will be undertaken shortly and if similar positive results are received from this work a drilling program may be undertaken later this year.
New results will be reported when available.
NEW STOCK OPTIONS
Sparton has issued new incentive stock options to directors and consultants of the Company to purchase a total of 560,000 common shares of the Company exercisable at $0.10 per share for a five year period expiring on August 11, 2013.
All sample results reported here were analysed by ALS Chemex Canada Ltd. and the Company maintains industry standard control programs for sample Chain of Custody, Quality Control and Quality Assurance.
Sparton's domestic and international exploration and evaluation programs are being carried out under the direct supervision of A. Lee Barker, P. Eng., P Geol., the Company's President and CEO who is a Qualified Person under National Instrument 43-101.
(ii)Notes: - PPM equals parts per million
One troy ounce per tonne equals approximately 31.4 PPM
The TSX Venture Exchange has not reviewed and does not accept responsibility for adequacy or accuracy of the content of the information contained herein.
| MetalsNews News |
Adriana Announces Second Flow-Through Private Placement Closing and 2010 Program
Toronto, Ontario - (MetalsNews, February 8, 2010) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V:ADI) has closed the second tranche of a non-brokered structured private placement by issuing 4,270,000 flow-through common shares at $0.89 per share (the "Second Closing") for gross proceeds of $3.8 |
Pacific Bay Minerals Reports Strong Rare Earth Element Assays
Vancouver, BC - (MetalsNews, February 8, 2010) - Mr. David Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, the "Company") states that soil and rock samples strongly anomalous in Rare Earth Elements (“REEs”) from the Company’s 100% owned Cueva del Chacho Property in La Rioja province, Argentina, with values up to 832 ppm Cerium and 338 ppm Lanthanum. A follow up program of sampling and mapping is planned for March 2010. |
CAPITAL GOLD CORPORATION PRODUCTION RESULTS
NEW YORK, NY - (MetalsNews, February 8, 2010) – Capital Gold Corporation (NYSE Amex: CGC; TSX: CGC;)
John Brownlie, Capital Gold's President and CEO, said that gold production continues to increase at El Chanate. Brownlee reports "The installation of an additional crushing plant earlier this year has increased crushed ore production to the leach pads that, in turn, has resulted in a considerable increase in gold production for January,"
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Brett Resources: Sawbill North Road Opens
Vancouver, BC - (MetalsNews, February 8, 2010) - Brett Resources Inc. (TSX Venture Exchange -- BBR) (the "Company" or "Brett") reports that the Sawbill North road was officially opened on February 2, 2010. Approximately 26 kilometres in length, this road provides a shorter link between Brett's mineral properties in the Hammond Reef Area and the community of Atikokan. The road will also provide access for other resource related activities in the area. |
SLAM INTERCEPTS MORE SILVER
Miramichi, New Brunswick - (MetalsNews, February 8, 2010) - SLAM Exploration Ltd. (TSX-V:SXL) (“SLAM”) 7 additional diamond drill holes results on its Silverjack deposit in northern New Brunswick. These follow intercepts up 592 g/t silver (17.27 oz/ton) in the first 6 holes reported by press release January 11 and February 2. Five of the 7 additional holes intersected silver-copperlead-
zinc sulphide mineralization. |
TYHEE HAS STARTED DIAMOND DRILLING ON THE YELLOWKNIFE GOLD PROJECT, NWT CANADA
VANCOUVER, British Columbia - (MetalsNews, February 4, 2010) - Tyhee Development Corp. (TSX Venture,TDC) has installed the winter road from Yellowknife to its Discovery Camp and is accessible for light trucks. This has enabled the Company to start drilling on the Clan Lake Main Zone |
Consolidated Thompson Iron Mines Signs Rail Transportation
MONTREAL, QUEBEC - (MetalsNews, February 3, 2010) - Consolidated Thompson Iron Mines Ltd. (TSX:CLM) ("CLM" or the "Company", or "Consolidated Thompson") has entered into a renewable 10-year rail transportation agreement with Arnaud Railway Company ("ARC"), a subsidiary of Wabush Mines, for the transportation of iron ore concentrate generated from the Bloom Lake iron ore project (the "Bloom Lake Project").
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Largo Resources Mandates Banco Itau BBA S.A. as its Financial Advisor for the Development of the Maracas Vanadium Project, Bahia, Brazil
TORONTO, Ontario - (Marketwire, Feburary 1, 2010)) - Largo Resources Ltd. (TSX VENTURE:LGO) ("Largo or the "Company") is pleased to announce that it has engaged Banco Itau BBA S.A. ("Itau BBA"), a subsidiary of Itau Unibanco Group and one of Brazil's leading investment banks, to act as its financial advisor to obtain financing for the development of its Maracas Vanadium Project in Bahia State, Brazil. |
Galway Obtains Gold Concession in Surata, Columbia
Toronto, Ontario - (MetalsNews, February 1, 2010) - Galway Resources Ltd. (GWY: TSX-V) i received a 100% interest in the Surata Gold Project in Colombia. Galway's Surata Gold Project is comprised of approximately 810 hectares granted by the Colombian Mining Institute (INGEOMINAS), and an application has been submitted for an additional 750 hectares. Granting of the additional claimed areas will be subject to the application process filed with INGEOMINAS. |
Does Uranium North Have Gold Potential on KAM Property?
Vancouver, BC. - (MetalsNews, Feb 1 2010) - Uranium North Resources Corp (UNR -- TSX-V) recovers gold grains from glacial till on its 100% owned KAM property in Nunavut. An anomalously high concentration of gold grains have been recovered from till collected over an underexplored volcanic rock unit.
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Orvana Minerals Corp - Gold and Copper Producer: Smart People Doing the Right Things… and It Shows
by Allen Alper Jr. and Aaron Hoos
 There are lots of mining companies out there and investors can sometimes become so overwhelmed with quantity that it's hard to find quality. Orvana, though, is a clear winner among the crowd – they are a smart mining company doing the right things and it shows in their track record of success and growth.
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Get Gold and Silver Insight at the Phoenix Investment Conference
by Alper Jr. and Aaron Hoos
There is a wealth of news online about metals to invest in, but it's difficult for investors to know what information to listen to. The price of gold is going up? The price of gold is staying the same? The price of gold is going down?
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Why Tantalus Rare Earths? ... Wolfgang Hampel is Interviewed
by Allen Alper Jr. and Aaron Hoos
Investors dream of the day that they will hear about the next big opportunity BEFORE it becomes popular. Wistfully, they consider how different things would be if they had bought stock in Microsoft, Google, or Berkshire-Hathaway in the earliest days when those companies became publicly traded.
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Alexis Minerals - Merger and Increased Profitability
by Dr. Allen Alper
Alexis Minerals just finished a very exciting third quarter. In a press release, earnings were reported for the Ontario exploration and mining company: Alexis earned revenue in excess of CAD $6.5 million; 7883 ounces of gold were mined during these three months, the Lac Herbin deposit in Val d’Or is on track to yield up to 36,000 ounces of gold in 2009. These are just a few of the highlights of a stellar year, and things are only looking up.
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Aurcana: Mining Silver and Expanding
by Dr. Allen M. Alper and Aaron Hoos
Mining sector investors tend to have two choices: Juniors who may struggle and stumble for years before achieving greatness and the junior's bigger brother, which seems to enjoy successful project after successful project.
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A Torrent of Insight is Available at the Vancouver Resource Investment Conference – Allen Alper Jr. Interviews Howard Fitch
by Allen Alper Jr.
Investors need information and insight to make accurate decisions about the resource stocks they are investing in or thinking of investing in. They need data that helps them recognize a good time to buy and when a good time to sell.
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Rare Element Resources: In the Right Place at the Right Time
by Allen Alper Jr. and Aaron Hoos
Rare Element Resources is a publicly traded company (RES on the TSX Venture Exchange) that is enjoying some growth and attention from its early successes – which can be attributed to being in the right place at the right time – and it presents an attractive opportunity for investors.
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Zimtu Capital Corporation: Successful in Acquiring, Investing in and Developing Rare Metal Properties & Exploration Companies in Canada
by Dr. Allen Alper
Based in Vancouver Canada, Zimtu Capital Corp. is an investment company publicly traded on the Frankfurt Exchange (symbol “ZCT1”) and the Toronto Venture Exchange (symbol “ZC”). The Company’s focus is acquiring, investing in, developing and growing exploration companies in the Natural Resource sector.
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Ralph Shearing and the Soho Resources Corp: Developing Gold, Silver, Copper, Lead and Zinc Properties in Durango Mexico
by Dr. Allen Alper
 Ralph Shearing, of the Soho Resources Corporation, is working on an exciting mineral exploration project in Mexico’s Sierra Madre Mineral Belt area.
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Capital Gold Corp: Junior is Growing Up
by Dr. Allen Alper and Aaron Hoos
The word "junior" in "junior mining company" tends to indicate that the business is so young it's still learning to walk. Maybe it's not profitable yet. Maybe it's still in the research stage. Maybe there is talk of pulling gold out of the ground but it just hasn't happened yet. Maybe the company is still bottle-fed and toothless.
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