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thanks for the update
NEWS OUT - COASTPORT CAPITAL INC
Coastport Capital Announces $2,000,000 Financing
5/28/2007
VANCOUVER, BRITISH COLUMBIA, May 28, 2007 (CCNMatthews via COMTEX News Network) --
NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Mr. David Patterson, President of Coastport Capital Inc. (TSX VENTURE:CPP)(FRANKFURT:C1J) ("Coastport" or the "Company"), announces a non-brokered private placement in the amount of $2,000,000. The private placement will consist of 4,000,000 units at $0.50 per unit (the "Units").
Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.60 per common share for 24 months from the date of closing (the "Warrants"). However, if over a period of 20 consecutive trading days between the date that is 4 months following the closing date and the expiry of the Warrant, the daily close price of the common shares on the TSX-V exceeds $1.20 on each of those 20 consecutive days, the Company will give written notice to the holders of the Warrants that the Warrants will expire at 4:00 p.m. (Vancouver time) on the 30th day following the giving of notice unless exercised by the holders prior to such date.
The non-brokered private placement is in addition to the previously announced brokered private placement with Canaccord Capital Corporation to raise up to $5,135,000.
Finders' fees and commissions will be payable in connection with the private placement.
The Company plans to use the net proceeds of this financing primarily for advancement of its projects in Ecuador and for general corporate purposes.
The private placement is subject to TSX Venture Exchange approval.
ON BEHALF OF THE BOARD OF COASTPORT CAPITAL INC.
David Patterson, President
nice find Jon, the mineralstox.com report is really nice ;)
.<font color=platinum>CPP Report on Mineralstox.com
Update on Coastport Capital (CCP-TSX)
We started to follow Coastport Capital last fall for 3 reasons:
1. It has two great properties, The Shyri prospect (gold) and La Plata (high grade VMS base metals). La Plata already has a high grade grade and tonnage estimate.
2. Tight share structure – only 25 M out
3. Some top geologists have high hopes for these assets. Dr. Jeff Hedenquist is the top epithermal geologist in the world, and he thinks Shyri has great potential to be even larger than the neighbouring 3.5 M oz Quimsacocha deposit of Iamgold.
4. It’s in Ecuador, recently the hottest country for exploration with the success of Aurelian Resources (40 cents to $40 last year).
Shyri has world class potential, and is the main reason we follow the company. Our job is to find junior resource companies who have the ability to discover economic deposits and get bought out by a major mining company at a multiple of what we paid for the stock.
Coastport has a proven technical team – VP Exploration Robin Adair is a VMS expert from Falconbridge, for the La Plata, and Hedenquist is a consultant on the Shyri, Harvey Keats is a consultant to the company for both La Plata and Shyri.
And Coastport’s GAMA prospect at Shyri is attracting a lot of attention right now. It’s a very large anomaly, about twice the size of Quimsacocha. And the environmental permits are all in, with drill permits expected soon. The hope is, obviously, that GAMA will be an economic deposit even bigger than Quimsacocha. It’s at the same elevation, it’s got the same geology as Quimsacocha.
more here info here.. => http://www.goldeditor.com/articledisplay.php?id=1584
found a nice 3rd party website for CPP
http://www.goldeditor.com/articledisplay.php?id=1530
has alot of good information on Coastport capital and its projects.
the follow up is also very educational http://www.goldeditor.com/articledisplay.php?id=1584
enjoy
I just learned from the stockhouse board, that Kaiser called that ARU would go to 30$ when it was trading at 2$ lol..I wonder what's his target on CPP. I have a friend of mine who has access to the report..will try to get it from him..
*CPP* looks like a nice bottom play here..With the upcoming drilling and August report..any speculation of gold finding will send this stock much higher imo ;)
loooks good very interesting article..lots of big shots watching CPP.
I was doing some of my own research and i found this out:
Coastport Capital Inc. is a Canadian based exploration company that currently has two projects, both located in Ecuador: the Shyri gold/silver Project and the La Plata VMS Project. Ecuador recently revised and now has favourable mining laws, a stable political environment and world-class mineral potential, as evidenced by recent discoveries such as IAMGOLD Corporation's QuimsacochaDeposit, and Aurelian Resources' Fruta Del Norte discovery. Coastport is now on the leading edge of an emerging country play.
"Advanced stage LaPlata VMS project yielding high grade polymetallic assays
Near-surface massive sulphide discovery at La Plata
Bonanza grade gold and silver assays from trench samples at Shryl..."(4/18/07)
-JIM MUSTARD, HAYWOOD SECURITIES
"...I think the potential at Shyri is compelling enough to override the political risks here.The drilling program there could well deliver market-moving results. On the thought that it will do exactly that, the current weakness looks like a buying opportunity."(04/07)
- Gold Newsletter
"...Simply put, this is the best gold speculation I have looked at in a number of years, in an area that is just now evolving into a major gold mining region."(1/3/07)
- David Pescod's Stocktalk
"If he (Dave Coffin)could only buy one stock today, the answer to that he says is Coastport Capital (also in Ecuador). He suggests they have two strong projects—La Plata, which is on the northern end of a VMS trend that has been drilled before on another resource cycle by Cambior...What excites Dave Coffin is their Shyri project which he writes, “a series of separate target areas near the Quimsacocha gold deposit being drilled off by Iamgold.” It appears he suggests that they have at least four targets there, but the Gama target is the one that seems to be attracting most notice. Initial results in the surface work has returned up to 3.4 m of 1.5 oz/ton gold and 641 g/t silver in theMasucay vein."(12/12/06)
- David Pescod's Stocktalk
"...but the large upside is in the Shyri project in Ecuador’s expanding
southern gold district. Shyri is located adjacent to the Iamgold Quimsacocha discovery with 3.4 mm oz of gold outlined to date. The CPP ground holds a number of targets with footprints similar to Quimsacocha, including the Gama that was just visited by David, and an area of vein targets that have already delivered high-grade results. Initial drill testing of the Shyri targets will start after on-going target definition is sufficiently advanced, probably in Q2 of next year. In the interim both drill results from La Plata and a flow of surface results from Shyri targets have the potential to lift the stock, which gives it a speculative potential through 2007. Speculative buy for on-going gold-zinc and gold results through 2007." (12/06)
- Hard Rock Advisory Journal
Here is the link i found this
http://www.theaureport.com/pub/co/385
I was doing some of my own research and i found this out:
Coastport Capital Inc. is a Canadian based exploration company that currently has two projects, both located in Ecuador: the Shyri gold/silver Project and the La Plata VMS Project. Ecuador recently revised and now has favourable mining laws, a stable political environment and world-class mineral potential, as evidenced by recent discoveries such as IAMGOLD Corporation's QuimsacochaDeposit, and Aurelian Resources' Fruta Del Norte discovery. Coastport is now on the leading edge of an emerging country play.
"Advanced stage LaPlata VMS project yielding high grade polymetallic assays
Near-surface massive sulphide discovery at La Plata
Bonanza grade gold and silver assays from trench samples at Shryl..."(4/18/07)
-JIM MUSTARD, HAYWOOD SECURITIES
"...I think the potential at Shyri is compelling enough to override the political risks here.The drilling program there could well deliver market-moving results. On the thought that it will do exactly that, the current weakness looks like a buying opportunity."(04/07)
- Gold Newsletter
"...Simply put, this is the best gold speculation I have looked at in a number of years, in an area that is just now evolving into a major gold mining region."(1/3/07)
- David Pescod's Stocktalk
"If he (Dave Coffin)could only buy one stock today, the answer to that he says is Coastport Capital (also in Ecuador). He suggests they have two strong projects—La Plata, which is on the northern end of a VMS trend that has been drilled before on another resource cycle by Cambior...What excites Dave Coffin is their Shyri project which he writes, “a series of separate target areas near the Quimsacocha gold deposit being drilled off by Iamgold.” It appears he suggests that they have at least four targets there, but the Gama target is the one that seems to be attracting most notice. Initial results in the surface work has returned up to 3.4 m of 1.5 oz/ton gold and 641 g/t silver in theMasucay vein."(12/12/06)
- David Pescod's Stocktalk
"...but the large upside is in the Shyri project in Ecuador’s expanding
southern gold district. Shyri is located adjacent to the Iamgold Quimsacocha discovery with 3.4 mm oz of gold outlined to date. The CPP ground holds a number of targets with footprints similar to Quimsacocha, including the Gama that was just visited by David, and an area of vein targets that have already delivered high-grade results. Initial drill testing of the Shyri targets will start after on-going target definition is sufficiently advanced, probably in Q2 of next year. In the interim both drill results from La Plata and a flow of surface results from Shyri targets have the potential to lift the stock, which gives it a speculative potential through 2007. Speculative buy for on-going gold-zinc and gold results through 2007." (12/06)
- Hard Rock Advisory Journal
Here is the link i found this
http://www.theaureport.com/pub/co/385
hey i found this article
http://www.theaureport.com/pub/co/385
shows that alot of people are following this one. I like the story and by the looks of it so do alot of people. CPP looks like it could do very well since finding gold is almost a sure thing.
have not seen it yet, hoping someone can post it......
I hear you....u guys have the link to kaisers letter
even a baby ARU, settle for an Iamgold from here...:)
aru here we come...........
The spark is about to come :)
Dave Patterson is on a European tour to speak at a big conference in London then on to Paris and Geneva to meet big European institutions.
saw Kaiser is picking this in his bottom-fish report this am
time fo a pop I think..........
I was in ARU when the stock went crazy and I got the feeling CPP will do the same. This stock is almost a sure thing given the location of the properties. Just beside IAMGOLD and ARU ! it's just a matter of time before they find gold. I read some posts here and it seems the geology of CPP and IAMGOLD are exactly the same thing...this is worth at least 1$ on that FACT alone. I am looking to start a position here.
they hit it could be like ARU :)
*CPP.V* Properties just beside IAMGOLD who recently discovered
3.5 million ounce of gold. CPP has the exact same geology then IAMGOLD's properties...I think it could be the next ARU ;) IMO
i am ??? merci buckets.........
.<font color=platinum>IBOX updated and u are now assistant Mod ;) -e-
*CPP* another December picks...
I did some DD and here's what I found out..LMK if you have anything to add.. ;) Thanks
I heard the stock could be the next ARU which went from 34 cents to 34$.. ARU is located about 100 KM from the CPP area..CPP has a big chance of hiting big since they surround the IAMGOLD. A big gold player that recently found a huge amount of gold exactly where CPP is! The thing with CPP is not IF they find gold but HOW much they find ;). I also heard that the company has recently completed a 4 million $ placement, which eliminates any dilution in the nearm term..We are trading close to a 52 week low..a nice entry price ..I think CPP could reach 1$ short-term to 5$ ++ with any findings!! ;)
they are surrounded by big hits........::)))
big time, small float for an explorer even with the current financing
if they cna hit we are over 1.00 easy
drilling starts soon, permits are not far away, money in the bank......looks good going forward
The story seems to ahve legs and the stock has found good support @ .50-.55
talked to management-they are on tour-NY, Toronto, Montreal then Europe to meet with investors, institutions etc.
Locked and loaded.....:)
I heard from a great source that the $4 million brokered placement with Canaccord is done and filled. Should take a lot of pressure off the stock. Move back above 0.60 is just a matter of time. Still a very small issue with a hole lot of potential to becoming the next Iamgold (IMG).
Cheers.
drilling is not far away.....:)
CPP Looks to me like the sellers are in right now to pick up the new issue at 0.50 with the 1/2 warrant at 0.60. Just another opportunity for those who are looking for cheap stock and don't want to hold for 4 months. Pick up stock in the low 50's and see what happens to the price once they start drilling.
Cheers.
Take a look at these two other companies that have both the necessary permits from the Ecuador Ministry of the Environment to construct and operate a mill capable of processing 500,000 tonnes of ore per annum at its Zaruma Gold Project, in southern Ecuador. http://www.dynastymining.com/investors/newsreleases/pr_2007_04_16.php and http://webmail.downshirecapital.com/horde/index.php?url=http%3A%2F%2Fwebmail.downshirecapital.com%2F...
They both are on there way to becoming mines in Ecuador....political instability or not.
Cheers
Take a look @ ARU on the TSX. Is CPP the next one to hit big in Ecuador.
Aurelian Intersects 88.99 Metres at 6.90 g/t Gold in Drilling at FDN
TORONTO, ONTARIO, May 02, 2007 (MARKET WIRE via COMTEX News Network) --
Aurelian Resources Inc. (TSX: ARU) today announced results from seven additional drill holes from the buried epithermal gold-silver discovery at Fruta Del Norte (FDN) on its wholly-owned Condor Project in south-eastern Ecuador. These include an eastward step out on line 9583200N with an 88.99 metre interval grading 6.90 g/t gold (Au) and 7.9 g/t silver (Ag) in drill hole CP-07-105, a scissor hole on section 9583300N with a 208.29 metre interval grading 6.27g/t Au and 10.6 g/t Ag in drill hole CP-07-107 and an infill hole on line 9583100N with a 189.70 metre interval grading 2.56 g/t Au and 7.8 g/t Ag in drill hole CP-07-103A.
A table containing more complete intercepts from the seven drill holes is listed below while maps, cross sections, photos and full gold and silver assay data from this and previous press releases may be viewed at www.aurelian.ca.
"FDN continues to deliver remarkable results from both infill and step-out drilling," says Aurelian President & CEO Patrick F.N. Anderson. "Results to the south indicate that the deposit is trending more to the east than originally thought and we have adjusted our drill program accordingly. Our current drilling program is designed to satisfy the data requirements for our initial inferred resource, which should be available mid-summer."
FDN Results
Results are summarized in the tables below. Intervals containing high grade assays have also been re-calculated using a top cut of 105g/t gold.
-----------------------------------------------------------------------
----
Uncut data
---------------------------------------------------------------------------
Cross Drill hole From To Interval Au Ag Comment
section (metres) (metres) (metres) g/t g/t
---------------------------------------------------------------------------
9582600N CP-07-99 553.10 588.20 35.10 1.80 0.8
------------------------------------------------------------------
including 553.60 569.30 15.70 3.28 0.9
---------------------------------------------------------------------------
CP-07-104 423.70 648.50 224.80 2.06 5.8
------------------------------------------------------------------
9582700N including 472.42 487.20 14.78 6.78 8.8
------------------------------------------------------------------
and
including 594.70 604.60 9.9 9.24 5.6
---------------------------------------------------------------------------
CP-07-102 523.30 549.55 26.25 3.63 1.9
------------------------------------------------------------------
CP-07-102 555.55 564.50 8.95 2.24 1.7
------------------------------------------------------------------
9582900N CP-07-102 573.50 587.60 14.10 2.21 1.2
------------------------------------------------------------------
CP-07-102 594.60 633.25 38.65 1.56 1.1
------------------------------------------------------------------
CP-07-102 645.85 652.60 6.75 1.10 0.9
------------------------------------------------------------------
CP-07-102 690.65 699.52 8.87 1.27 1.8
---------------------------------------------------------------------------
Epithermal
CP-07-103A 295.10 295.95 0.85 25.80 6.4 clast in
9583100N conglomerate
------------------------------------------------------------------
CP-07-103A 304.20 493.90 189.70 2.56 7.8
---------------------------------------------------------------------------
CP-07-105 219.77 308.76 88.99 6.90 7.9
------------------------------------------------------------------
including 224.15 246.48 22.33 21.13 15.6
------------------------------------------------------------------
CP-07-105 324.24 344.18 19.94 3.20 10.2
------------------------------------------------------------------
Banded
including 327.56 328.27 0.71 57.00 45.9 epithermal
vein
------------------------------------------------------------------
CP-07-105 351.00 362.73 11.73 1.46 9.8
------------------------------------------------------------------
CP-07-105 372.50 389.48 16.98 4.87 8.1
------------------------------------------------------------------
9583200N including 383.32 385.00 1.68 37.36 18.8
------------------------------------------------------------------
CP-07-105 446.60 501.40 54.80 2.01 7.7
------------------------------------------------------------------
including 447.50 450.63 3.13 18.34 16.5
------------------------------------------------------------------
CP-07-106 443.00 537.60 94.60 2.19 2.8
------------------------------------------------------------------
including 461.73 477.20 15.47 8.62 4.6
------------------------------------------------------------------
CP-07-106 545.60 561.80 16.20 2.33 3.5
------------------------------------------------------------------
CP-07-106 570.50 574.50 4.00 0.63 3.4
------------------------------------------------------------------
CP-07-106 580.70 585.70 5.00 1.31 5.6
---------------------------------------------------------------------------
CP-07-107 239.25 253.25 14.00 0.45 1.9
------------------------------------------------------------------
9583300N CP-07-107 265.25 473.54 208.29 6.27 10.6
------------------------------------------------------------------
including 287.20 325.30 38.10 8.83 7.3
------------------------------------------------------------------
and
including 394.80 436.60 41.80 12.04 10.2
---------------------------------------------------------------------------
Note: intervals are calculated using a lower cut of 0.5g/t Au and no top
cut, they include a maximum of 5m internal waste.
---------------------------------------------------------------------------
------------------------------------------------------------------
Intervals with a top cut of 105g/t Au
------------------------------------------------------------------
Cross Drill From To Interval Au Ag
section hole (metres) (metres) (metres) g/t g/t
------------------------------------------------------------------
9583300N CP-07-107 265.25 473.54 208.29 5.85 10.6
------------------------------------------------------------------
Note: intervals are calculated using a lower cut of 0.5g/t Au and
a 105g/t Au top cut, they include a maximum of 5m internal waste.
------------------------------------------------------------------
CP-07-99 (azimuth 090/dip -65) was drilled on section 9582600N, testing the southern extent of the system near the west fault. The drill hole intersected 35 metres of epithermal stockwork veining, assaying 1.80 g/t Au and 0.8 g/t Ag. It is interpreted that the system strikes in a SSE direction at the southern end, diverging eastward away from the West fault. A series of eastward step-out holes is planned to try and intercept the main body of mineralization on this section.
A similar eastward step-out hole on 9582700N (CP-07-104; azimuth 091/dip -66) successfully intersected a broad zone epithermal stockwork veining, with intercepts of 14.78 m assaying 6.78 g/t Au and 8.8 g/t Ag, and 9.9 m assaying 9.24 g/t Au and 5.6 g/t Ag, both within a wider interval of 224.80 m assaying 2.06 g/t Au and 5.8 g/t Ag. Continued step-out drilling to the east is underway on this section.
Drill hole CP-07-103A (azimuth 091/dip -63) was drilled as an infill hole on section 9583100N. The drill hole intersected epithermal stockwork veining in andesite at a depth of 304m immediately below the Suarez conglomerates, east of the previous intercept in hole CP-06-74. The interval in CP-07-103A assayed 189.70 m @ 2.56 g/t Au and 7.8 g/t Ag.
CP-07-102 (azimuth 089/dip -64/section 9582900N) and CP-07-106 (azimuth 090/dip -65/section 9583200N) both successfully tested the FDN system at depth (down dip) below previous mineralized intercepts. Both holes intersected epithermal stockwork veining with 26.25 m @ 3.63 g/t Au and 1.9 g/t Ag being the best interval from CP-07-102 and 94.60 m @ 2.19 g/t Au and 2.8 g/t Ag the best interval from CP-07-106, which includes 15.46 m @ 8.62 g/t Au and 4.6 g/t.
Drill hole CP-07-105 (azimuth 091/dip -64) was drilled on section 9583200N to test the up-dip and eastern extension of the system on this line. The hole passed through 220 metres of Suarez conglomerates before passing through 4 metres of sinter overprinted by a wider zone of intense epithermal silicification with associated brecciation and veining. The best interval assayed 22.33 m @ 21.13 g/t Au and 15.6 g/t Ag within a broader interval that assayed 88.99 m @ 6.90 g/t Au and 7.9 g/t Ag. Additional mineralization was intersected at depth, with the most significant interval being 16.98 m @ 4.87 g/t Au and 8.1 g/t Ag. Of note from this hole is the fact that mineralization appears to extend east of the east fault.
CP-07-107 (azimuth 0271/dip -60) is a scissor hole on section 9583300N and intersected a broad zone of epithermal mineralization assaying 208.29 metres @ 6.27 g/t Au and 10.6 g/t Ag including 41.80 m @ 12.04 g/t Au and 10.2 g/t Ag. The intercept confirms the geometry and intensity of mineralization previously intersected on section 9583300N.
Results from fifty three diamond drill holes have been released for the FDN prospect to date. Further drill results will be released as analytical data are received, validated and compiled.
The FDN target is interpreted to be an intermediate sulphidation epithermal gold-silver system. The deposit is buried by dominantly post-mineralization basin infill sediments (Suarez Formation) of Jurassic age within a pull-apart basin. The hydrothermal system is characterized by a combination of multiphase quartz-carbonate-sulphide stock work veining and hydrothermal brecciation within intensely silicified andesitic volcanic rocks that underlie the basin. In the southern part of FDN (south of 9583500N), the system is interpreted to dip moderately to steeply westward with a vertical structure bounding it to the east, and is cut by a steep east-dipping fault to the west. At the north end of the system (including and north of section 9583500N) the vein orientations and correlation of mineralization between drill holes indicates that the system is vertical.
Drilling at the FDN deposit has outlined a mineralized envelope that is traceable continuously for over 1200 metres along strike, exceeds 100 metres in width through the central portion, dips moderately westward through to vertical and has a vertical extent of over 250 metres. Drill holes intersect this envelope at an angle and therefore drill hole intercept widths reported in this press release are not true widths. The deposit remains open at depth and to the south. Both the infill and step out drilling programs continue to expand the size of the deposit. Independent experts Dr. Richard Sillitoe and B. Terrence Hennessey have confirmed that the orientation of Aurelian's drill holes is optimal for the FDN deposit. The NI 43-101 compliant mineral resource estimate that will be calculated by Micon International will be based on the dimensions of the overall mineralized envelope and the complete database of assay results.
Samples consist of half NQ, NTW and BTW-size diamond core that are split by diamond saw on site, prepared at the ALS Chemex laboratory in Quito, and assayed by 50g fire assay with an AAS or gravimetric finish at the ALS Chemex Lima Laboratory. The quality assurance-quality control (QA-QC) program of Aurelian includes the insertion of certified standards of known gold content every 20 samples, blanks at least every 20 samples and field or lab duplicates every 20 samples. Samples from significant drill intercepts are sent to two additional laboratories to verify gold and silver analyses. Metallic screen fire analyses for Au are also regularly run as additional QA-QC checks. The remaining half core is retained for verification and reference purposes.
Stephen Leary (MAusIMM), Aurelian's Exploration Manager, is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy.
About Aurelian:
Aurelian Resources Inc. is a publicly-listed (TSX: ARU) resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totaling approximately 95,000 hectares.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
Contacts:
Aurelian Resources Inc.
Patrick F. N. Anderson
President & CEO
(416) 868-9100
Email: pfnanderson@aurelian.ca
Aurelian Resources Inc.
Marla Gale
Investor Relations
(416) 868-9100
Email: mgale@aurelian.ca
Website: www.aurelian.ca
drilling to start as soon as the rainy season is done.
Needs a cash injection. Thats all thats needed for this company. With the money comes drilling, and they are in the middle of a gold bonanza. Don't wait to long because once the cash comes in and the drilling starts this company is off and running.
Just another Ecuador gold company coming through.
CPP Company Snapshot
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SUBJECT: DYNASTY GETS APPROVAL IN ECUADOR Posted By: Bobsyouruncle2
Post Time: 4/16/2007 13:22
« Previous Message Next Message »
Dynasty Receives Final Permitting to Construct and Operate Zaruma Gold Plant
Apr 16, 2007 12:30:00 PM
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 16, 2007) - The following corrects and replaces the release issued at 10:30 am ET, April 16, 2007, due to multiple revisions throughout the release.
Dynasty Metals & Mining Inc. (TSX VENTURE:DMM) (the "Company") is pleased to announce that it has received the last of the necessary permits from the Ecuador Ministry of the Environment to construct and operate a mill capable of processing 500,000 tonnes of ore per annum at its Zaruma Gold Project, in southern Ecuador.
Robert Washer, the Company's Chief Executive Officer, commented: "This is a watershed event for us. With this approval, we will likely be the first to operate a large-scale modern mining facility in Ecuador. In addition, it clearly demonstrates the intention of the new government to support the development of the Ecuadorian mining industry."
The Zaruma Gold Project
The Zaruma Gold Project is located in the cantons of Zaruma and Portovelo, Province of El Oro, Ecuador, approximately 160 kilometres south of Guayaquil, Ecuador's main seaport. The project comprises 46 mineral exploration concessions, covering approximately 103 square kilometres, in an active high-grade goldfield.
Gold mineralization occurs in a 15 kilometre by 5 kilometre polymetallic epithermal vein system. The vein system is hosted by a Tertiary volcanic sequence of intermediate to mafic volcanic breccias, tuffs and andesites...
http://www.dynastymining.com/investors/newsreleases/pr_2007_04_16.php
Nice close @ .63........up 12%
Ecuador, Number One in Potential for Pipeline Ounces of Gold
By James O'Rourke, Staff Mining Journalist - April 11, 2007
Ecuador remains wide open for gold exploration and new discoveries with technical risk being very low for many gold mining exploration companies as Ecuador has seen so little exploration. Northern Peru and Columbia, which surround Ecuador, both have some big deposits and Ecuador hadn’t seen the sort of systematic exploration that those countries have had (Peru more so than Columbia). According to a circle of mining professionals interviewed for this report “Ecuador is the number one country to be in, you can pick up the phone and call Barrick and Newmont and that’s what they will tell you right now; Ecuador is the number one country in terms of potential - pipeline of ounces. That is where they see themselves, not in Peru (they are mining the ounces they found there)”.
The most recent and by far the largest gold exploration success in Ecuador to date is Aurelian Resources Inc (TSX: ARU chart news) with drill results that indicate multi million ounces of high grade epithermal gold at it's El Tigre Project project, located in south-eastern Ecuador. These drill results at their El Tigre Project had propelled this TSX Venture stock price from $2.90 last April 2006 to a high of $40.00 dollars just a mere 6 months later.
Today several mining exploration companies are realizing the enormous potential of this under explored region of South America. Little know explorers such as Lateegra Gold Corp. (TSX-V: LRG chart news) with its El Condor property adjacent to Aurelian’s aforementioned El Tigre property, located in the southern region of Ecuador, offers tremendous prospects by simply proximity, without little more than rudimentary exploration. Additionally, to the west is IAMGold Corp’s (TSX: IMG chart news) 3.5M+ oz advanced stage Quimsacocha property which continues to provide very attractive results. Cornerstone Capital Resources Inc. (TSX-V: CGP chart news) a junior explorer with significant target rich holdings in Ecuador possesses the Shyri project, immediately adjacent to the Quimsacocha deposit. In light of neighboring success and preliminary assay results, anticipation for Cornerstone’s Shyri project is high and a 15,000 Meter drill program is scheduled for 2007.
Cornerstone is an established Canadian based mining exploration company and a large land holder in Ecuador, they are very aggressive and have a positive outlook on Ecuador. All indications are that the government welcomes mining interests that are prepared to act in a responsible fashion and within a framework where all (the People, the Government and the Company) win. Cornerstone has not slowed down and things are business as usual; new concessions are being approved, titles are being granted, and Cornerstone is talking to other like minded companies about joint ventures. The place is clearly open for business, the industry is maturing in Ecuador and Canadian mining companies embrace the requirements in place to protect the land, the people, and future investment potential.
The new President of Ecuador is an economist PHD, trained in the US and Belgium, whose populist platform is based mainly on anti-corruption for the benefit of the People. He is proceeding with a referendum (scheduled for mid April) to rewrite the constitution and shake up some institutions, however he also appears to be a pragmatist in action; Ecuador is currently negotiating a free trade agreement with Canada as they are one of the largest trading partners with Ecuador, and 70% of all the foreign direct investment going into Ecuador comes from Canada. Ecuador would like to nurture and encourage this relationship. So from a mining prospective – the companies that are going to develop the mining industry, the majority of them come from Canada and so will that investment capital. It seem to be understood by all interested participants that the end result of foreign investment is what is required to pay for social programs in the subject areas.
Companies with high potential gold targets in Ecuador, like those mentioned above, are likely to experience significant valuation upside when drilling ultimately brings forth exceptional numbers. Investors would do well to take a closer look at Ecuador gold companies since the initial exuberance exhibited in the stock charts last year has been reigned in and actions by the Government as they relate to mining seem amenable going forward. With this in mind we offer a case study of Cornerstone Capital Resources Inc. and its extensive holdings of high priority targets in Ecuador.
Content found herein is not investment advise see Terms of Use, Disclosure & DisclaimerSpecial Situation Review - Case Study: Cornerstone Capital Resources Inc. (TSX Venture Exchange: CGP chart news) offers tremendous potential for gold in Ecuador and uranium discoveries in Eastern Canada. A current review of Cornerstone Capital Resources Inc.'s uranium prospects and their unique business model is available at http://uraniumminer.net/cgp.htm. A brief overview and related links regarding its significant Ecuador gold prospects is made available below.
The true potential of Cornerstone's many projects appear to not be reflected in the current share price. Several of Cornerstone's current projects have outstanding potential.
Cornerstone Capital Resources Inc. started exploring in Ecuador during 2005, at which time 4 early stage gold and an advanced gold-rich VMS project was acquired. To date Cornerstone (CGP.V) (CTNXF.OTC) (GWN.F) has extensive land holdings in 12 individual projects, 2 of which are currently joint-ventured to Coastport Capital (CPP.V). Cornerstone currently has about 750 Sq Km in concessions in Ecuador right now.
For Cornerstone the real focus this year is the Shyri project (See Map Below); The objective of the Shyri exploration effort is to target areas with multi-million ounce gold potential. CGP.V has proposed a 7 million dollar program including 15,000 meters of drilling for which they have tentative approval at this point from their partner. Cornerstone, and their joint venture partner, are going forward in a big way on the Shyri project and the anticipation at this point is that, of the15,000 meter drill program, approximately 8,000 meters will be focused on one prospect called the Gama, which is on the NW quadrant of the property. The program will test a target that bears a lot of similarity to one that they are immediately adjacent to called Quimsacocha, owned by IAMGold. On Cornerstone’s Gama project a big alteration footprint has been identified and it is being prepared for drilling; the geophysics, prospecting, sampling, mapping, and necessary groundwork are near completion and they are now building the drill model/program. Not only do they have an alteration system similar to Quimsacocha but one discrete anomaly is about 4 km long by about 1 km wide and it has very distinct and significantly elevated geochemical pathfinder elements including elevated gold and silver.
Their other project with several high priority gold rich VMS targets is the La Plata project. Last year they drilled a substantial intersection from that area, which includes almost 9 meters of 31 grams per ton gold, 290 grams per ton silver, 18% zinc and 6% copper. In Phase II they drilled down plunge from that at La Mina in the south end, but were not able to extend that the zone. None the less they still have some other very prospective targets on that property to be tested.
Now on top of that CGP has a regional program that they are embarking upon outside of those two projects. They just acquired and are still acquiring concessions and prospective land which may generate interesting news in the weeks and months to come.
Cornerstone's Ecuador Joint Venture Properties:
La Plata - VMS (Coastport)
Shyri Concessions - Gold (Coastport)
Cañaribamba
Gama
Vetas Grandes
Yanasacha
100% Cornerstone Properties in Ecuador:
Bella Maria - Gold
Caymatan - Gold/Copper
Cerro Cascajal - Gold/Copper
El Fundo - Gold
Monterrey - Gold
Rinconada - Gold
Yunganza - Gold
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Cornerstone Capital Resource Inc. (TSX-V: CGP) offers insight and opportunity for investors as a high potential target rich gold explorer of significance in Ecuador
Diagram of Cornerstone Capital Resources Inc.'s Land Holdings in Southern Ecuador SA
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Related Ecuador Links
Ecuador's Mining Undersecretetartyship Overview: http://www.menergia.gov.ec/ingles/secciones/mineria/dinamiPrincipal.html
Ecuador's Mining Undersecretetartyship Development Policies For The National Mining Sector: http://www.menergia.gov.ec/ingles/secciones/mineria/DinamiPoliticas.html
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Disclaimer & Disclosure: The information contained herein is believed to be accurate but this cannot be guaranteed. The analysis does not purport to be a complete study of securities and issues mentioned herein, and readers are advised to discuss any related purchase or sale decisions with a registered securities broker. Companies mentioned herein may be very early stages of development and thus can therefore be subject to business failure, and are to be considered speculative and high risk in nature. Reports herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. The author may or may not hold a position (long or short) in the securities mentioned herein. This is a journalistic article and the author is not a registered securities advisor, and opinions expressed should not be considered as investment advice to buy or sell securities, but rather opinion only. The publisher may make take journalistic liberties employing the use of pseudonyms as reference contacts and accepting information at face value from what it believes to be credible sources. Further disclaimer and disclosure regarding various aspects of this report / article including compensation and other points may be seen at http://www.madisonaveresearch.com/disclaimer.htm.
Interesting report: CGP is a partner with CPP on some of their properties:
Madison Avenue Research Group: Report on Ecuador Gold Mining
NEW YORK, NY, Apr 11, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Madison Avenue Research Group has published a report outlining the untapped gold mining potential in Ecuador and pulse of affairs in Ecuador for the mining sector. Also in the report is a Special Situation Review of Cornerstone Capital Resources Inc. (TSX-V: CGP) (OTC: CTNXF) offering insight and opportunity on Cornerstone's extensive holdings of high priority targets in Ecuador and their objective to target areas with multi-million ounce gold potential. An abridged version of the report may be viewed free of charge at: http://madisonaveresearch.com/ecuadorgold.htm .
Also mentioned in the report is Lateegra Gold Corp (TSX-V: LRG), Aurelian Resources Inc (TSX: ARU), IAMGold. Corp (TSX: IMG) (NYSE: IAG), and Coastport Capital Inc (TSX-V: CPP).
Excerpts from report:
1) "The true potential of Cornerstone's many projects appear to not be reflected in the current share price. Several of Cornerstone's current projects have outstanding potential."
2) "Cornerstone Capital Resources Inc. started exploring in Ecuador during 2005, at which time 4 early stage gold and an advanced gold-rich VMS project was acquired. To date Cornerstone has extensive land holdings in 12 individual projects, 2 of which are currently joint-ventured to Coastport Capital Inc. Cornerstone currently has about 750 Sq Km in concessions in Ecuador right now."
3) "The objective of the Shyri exploration effort is to target areas with multi-million ounce gold potential
The program will test a target that bears a lot of similarity to one that they are immediately adjacent to called Quimsacocha, owned by IAMGold. On Cornerstone's Gama project a big alteration footprint has been identified and it is being prepared for drilling; the geophysics, prospecting, sampling, mapping, and necessary groundwork are near completion and they are now building the drill model/program. Not only do they have an alteration system similar to Quimsacocha but one discrete anomaly is about 4 km long by about 1 km wide and it has very distinct and significantly elevated geochemical pathfinder elements including elevated gold and silver."
An abridged version of the report may be viewed free of charge at: http://madisonaveresearch.com/ecuadorgold.htm .
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Reports herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the disclaimer and disclosure section at the bottom of the following URL http://madisonaveresearch.com/ecuadorgold.htm .
CONTACT: Marcus Konstantin, Editor, Madison Avenue Research Group Tel: +1 866 620 9945 e-mail: editor@madisonaveresearch.com WWW: http://www.madisonaveresearch.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
.61X .65.............last @ .64
Very nice.............
KNP, and DON are also in the CPP family of companies.
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