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North Bay Resources Inc. (NBRI) Secures $5 Million Financing Facility
SKIPPACK, PA -- (Marketwire) -- 10/21/09 -- North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has secured $5 Million in financing under an equity line of credit with Tangiers Investors, LP ("Tangiers") to fund the Company's operations and prospective mining acquisitions.
North Bay has entered into a Securities Purchase Agreement with Tangiers that provides North Bay the right, but not the obligation, to draw down on the equity line of credit by selling to Tangiers shares of the Company's common stock for a total purchase price of up to $5 Million. Tangiers will pay the Company 90% of the lowest volume weighted average price of the Company's common stock during the pricing period as quoted by Bloomberg, LP on the Over-the-Counter Bulletin Board ("OTCBB"). Tangiers' obligation to purchase shares of the Company's common stock under the Securities Purchase Agreement is subject to certain conditions, including the Company obtaining an effective registration statement for shares of the Company's common stock sold under the Securities Purchase Agreement and is limited to $100,000 per 10 consecutive trading days after the advance notice is provided to Tangiers.
Upon signing the Securities Purchase Agreement, the Company has agreed to issue Tangiers $85,000 in restricted stock as a one-time commitment fee.
North Bay CEO Perry Leopold commented, "We are very pleased to have secured this equity credit line with Tangiers. We believe this to be a great vote of confidence in our prospects by a well-established investment firm, and we look forward to working closely with them as we continue to grow the Company and successfully execute our business plan."
In a related matter, the Company is also pleased to announce that it has engaged Atlas Capital Partners, LLC as its principal advisor in the preparation and submission of the Company's S-1 registration statement to the Securities and Exchange Commission. Atlas will also be assisting the Company in its efforts to have its stock listed on the OTCBB.
About Tangiers Investors, LP
Tangiers Investors, LP is a Southern California headquartered alternative investment fund managed by Tangiers Capital, LLC. Tangiers Investors, LP seeks to provide the best possible risk-return tradeoff for its limited partners by making direct investments into foreign and domestic private and public micro-cap companies. Tangiers Investors, LP has established a network of world-wide deal sources and is positioned to capitalize on the growing number of opportunities both inside and outside of the United States.
About Atlas Capital Partners, LLC
Atlas Capital Partners is a business and financial consulting firm that provides a full range of services to small to medium-size companies, including capital raising, going public, listings on the OTCBB or other stock exchanges, prepare SEC filings and related documents and complete mergers and acquisitions. In addition, the firm prepares business and financial strategies to assist companies to meet their short and long-term goals. Atlas will invest capital in certain of its portfolio companies that engage them on a case by case basis.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential.
North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact:
Perry Leopold
CEO
North Bay Resources Inc.
215-661-1100
http://www.northbayresources.com
NBRI is looking good. Its ready for a breakout.
Hi Guys,
It's been a long time since I've been here...
I'm just starting to follow GLW Gold Wheaton...
Might want to have a look..
UT..
Wow - haven't stuck my head in here in ages.
Chief's site is the only place to be now.
Cheers
Hi Swami, agree with you, tried Chiefs site but to confusing and to many different areas,u and me still trading hehe,glad u making money, take care JB
New link in my profile for those that dont have the link.
Chief has gone thru some server changes so u may not have the links.
The DevilDog
Swami , Long time since we have spoken.
What problems R u having, Im on Chief Chat, pile of good trading happening.
Im the DevilDog now u will remember me from SI as Wayne Balkwill, Mirc as DevilDog
If U just spend more than 3 times u will get used to all the bells and whistles.
The DevilDog
I am actively trading these days making lotsa money and i find Chiefchat confusing...too many distractions on it..i never know if i am logged in..i paid my dues long time ago but only logged 3 times i think..anybody can help?
Bought 50K shares of GAI.CDNX Golden Arch Resources at 0.13 cents each
Swami word up.
see some of these junior nickel's lately.....ggl, knp, nai etc...wild times
where did every one go??
have a look at NGE -recent cpc conversion.
Thanks, I will take a look. I know some of the original guys at PTU so I will put in a call to see what is going on there.
Reports of a mine in Australia flooding, this should push Uranium prices up again.
Big volume again this past week, rumours abound of more results coming-are you hearing anything
Saw this news and the market seemed to like it. Any other Uranium plays you are following?
thx Jake, will do...
Just put Jake on "ignore" and its all good. LOL
Hi
nsfisher U can try it 1 month for free just let me know what alias u register with and he will let u in. There is no pumping to the moon there,
"U know Dennis" he will not allow that.
I think it's i nice gang there,and a lot of info about any company u'r interested in.
hey jajake...
being a teacher I usually only trade actively in the summer..I'll prob join up then...otherwise I'll just post here once in awhile ...not into the "too the Moon" attitude or the pumper crowd...I just post by buys and sells and my reason...I know I learned a lot from Denis and others over the past 7 years just listening and reading
We've all seen traders come and go and unfortunately a few passed on...
Best lesson I ever got was to set your stops and stick to them...limit the losses and ride the winners...take profits a bit at a time....If I want o make to the moon, I better buy a ticket because it isn't likely to happen very often..
they all sounded very simple but took a few hard lessons to realize..yeah..I didn't know it all and others who shared their wisdom/experiences were right..lol
Trigon to acquire six uranium mines in Utah
KELOWNA, BC, March 7 /CNW/ - Trigon Uranium Corp. ("Trigon" or the
"Company") (TSX-V:TEL) has signed a Letter of Intent and Exclusivity Agreement
with Shumway Brothers Mining and other parties ("LOI") with the intention of
acquiring six former operating uranium mines in Utah's White Canyon district
located in San Juan County. The mines are historically known as Blue Lizard,
White Canyon No. 1, Yankee Girl, Saddle, Giveaway and Blind Luck, all of which
operated through to the end of the prior Uranium cycle in the mid 1980's.
Based on United States Department of Energy data the mines produced over
70,000 tons averaging 0.24% (4.8 pounds U(3)O(8) per ton) prior to 1970.
Specific production data after 1970 is not available.
The most significant mines in the 65 x 10 mile White Canyon district are
the Happy Jack mine and the Radium King mine, which produced more than
3 million pounds and 857,000 pounds respectively prior to 1970. SXR Uranium
One's Radium King mine is adjacent to the Yankee Girl mine. Trigon intends to
accelerate its entry into the uranium mining business in part by acquiring
Colorado Plateau mines like the White Canyon mines. Trigon believes resources
can be developed through re-entering old Colorado Plateau mines by following
previously defined zones and exploring land contiguous to these mines.
The properties subject to the LOI comprise 73 claims and three Utah state
leases. The due diligence and exclusivity term is for up to 120 days. Trigon
has agreed to make a non-refundable deposit of US$25,000 and to issue 50,000
shares to the vendors. During the exclusivity period the vendors will not
solicit or entertain competing offers. Trigon's due diligence will involve a
program of engineering and mine modeling as well as geological study, which
has commenced.
Sidney Himmel, the President and Chief Executive Officer of Trigon
stated: "Trigon has numerous diversified strategies for growth in the uranium
industry. This includes acquiring smaller mines in the Colorado Plateau in
both Utah and Colorado where ores were processed at centralized mills. At
present the Blanding and the Shootaring Canyon Mills may be available for
custom milling. We are currently expanding our mine engineering staff to
obtain the requisite expertise to efficiently acquire and develop mines."
Uranium was mined in the White Canyon district from 1949 to 1982,
producing over 11 million pounds of uranium averaging 0.24% (4.8 lbs
U(3)O(8)per ton ore). In Utah, only the Lisbon Valley district has produced
more uranium than the White Canyon district.
In addition to the mines, the Exclusivity Agreement also covers two
unexploited uranium occurrences defined by previous operators. Trigon's
technical team has initiated work to determine the size and nature of these
occurrences.
About Trigon Uranium Corp.
Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the south-western United States, a region
that has produced over one billion pounds of uranium. Trigon has a
highly-qualified team of uranium exploration experts to direct its efforts at
its Marysvale, Henry Mountains and Wray Mesa projects of southern Utah, and
elsewhere in North America. Trigon also operates a portfolio of high potential
diamond exploration properties within a wholly-owned subsidiary, Trigon
Diamond Corporation Ltd. Trigon has 52,212,956 shares outstanding and its
stock trades on the TSX Venture Exchange under the symbol "TEL".
For further information, please visit www.trigonuraniumcorp.com
Should you wish to receive Company news via email, please email
ana@chfir.com and specify "Trigon News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.
%SEDAR: 00021118E
For further information: Sidney Himmel, President and Chief Executive
Officer, Trigon Uranium Corp., Tel: (250) 317-3624, Email:
sidney.himmel@trigonuraniumcorp.com; Jeanny So, Broker Relations Specialist,
CHF Investor Relations, Tel: (416) 868-1079 x225, Email: jeanny@chfir.com
Hi
nsfisher Hope to se u at "www.tradingchief.com"
Here is what one guest member said' Re. FO.T
I have to admit I am totally wrong with this chart and you did a very good job with it to your members, they should at least made back what they lost if not already riding free shares.
I have to say this chart really teach me a lot and now I have to see what it'll do to its 200EMA which is very close now. The big boys behind this did a very good job.
Good luck guys, you got a very good leader here, enjoy him.
out remaining hii.b this morning at $8.15
in hii.a $7.00
my ada hurting...
sold 1/4 hii.b ...8.74 from 6.05
holding some SRG searchgold from 17 cents...
Nsfisher, I think ADA should be good to 1.3 You bought at a good price.
out cgs at 11.54..made enough for a dinner out with the wife and that's about it..
got totally faked out by hbm..oh well..coulda, woulda, shouda..lol
still holding cgs, ada and hii.b
bought 50% more ada yesterday at 1.11
sold wife's hii.b shares today at the top (bought at 4.10 in the early summer or so)...still holding the 6.05 shares from last week
Trigon Announces Expansion of Uranium Team
KELOWNA, BC, Feb. 20 /CNW/ - Trigon Uranium Corp. ("Trigon" or the
"Company") (TSX-V:TEL) today announced that Robert M. Steele of Denver has
joined Trigon as Technical Advisor to the Company. Mr. Steele is a mining
industry professional who brings over 40 years of experience in forming and
running uranium mining ventures. He began his career in 1957 with Homestake
Mining Co. ("Homestake") where he served in progressively more responsible
roles, beginning with underground uranium mining and advancing into
engineering, geological and administrative positions. During his 20 years with
Homestake he assembled large holdings of uranium mineral rights and formed
ventures to evaluate these holdings. In 1977, Mr. Steele joined S.M. Stoller
Corp. as a Mineral Economics Consultant where he advised utility clients in
the formation of mining ventures. From 1979 to 1986 he worked as Senior Mining
Engineer responsible for uranium mining feasibility studies for Energy Fuels
Nuclear Inc. As a Mineral Economist for Nuexco he was responsible for the
technical evaluation of prospective mining ventures from 1986 to 1992. Mr.
Steele holds a M.Sc. in Mineral Economics from the Colorado School of Mines
and a B.Sc. in Mining Engineering from Ohio State University.
Mr. Sidney Himmel, President and CEO of Trigon stated: "We are very
pleased to have a uranium professional with Bob Steele's depth of experience
join our team. He will assist us in the expansion of our exploration and
development portfolio in the U.S. South West, and in the evaluation of uranium
mining projects. We plan on growing our portfolio of properties aggressively
over the coming months and will benefit from Bob's experience in due diligence
and project operation. It is our intention to grow in New Mexico and Wyoming
as well as to consolidate our position in Utah and Bob will assist these in
these endeavours."
About Trigon Uranium Corp.
Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the south-western United States, a region
that has produced over one billion pounds of uranium. Trigon has a
highly-qualified team of uranium exploration experts to direct its efforts at
its Marysvale, Henry Mountains and Wray Mesa projects of southern Utah, and
elsewhere in North America. Trigon also operates a portfolio of high potential
diamond exploration properties within a wholly-owned subsidiary, Trigon
Diamond Corporation Ltd. Trigon has 47,543,673 shares outstanding and its
stock trades on the TSX Venture Exchange under the symbol "TEL".
Should you wish to receive Company news via email, please email
ana@chfir.com and specify "Trigon News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.
%SEDAR: 00021118E
For further information: please visit www.trigonuraniumcorp.com or contact:
Sidney Himmel, President and Chief Executive Officer, Trigon Uranium Corp.,
Tel: (250) 317-3624, Email: sidney.himmel@trigonuraniumcorp.com; Jeanny So,
Broker Relations Specialist, CHF Investor Relations, Tel: (416) 868-1079 x225,
Email: jeanny@chfir.com
out hbm 22.92...because of aga news.
gotta stay away from hbm..it has my number...
in hbm 22.97
huge block at 23 gone ...
wow, misread this one...grrr
glad i still have the hii.b shares
AGA ,,,man I wish I had that one on my radar...
holding hii.b...some nice press releases today imho..earning, dividend, etc...big wall at $7...low volume, though someone took the 5K at 6.75 then put another 5k on the bid..
Trigon Announces Henry Mountains Drill Program
KELOWNA, BC, Feb. 14 /CNW/ - Trigon Uranium Corp. ("Trigon" or the
"Company") (TSX-V:TEL) today announced its 2007 drill program on the Henry
Mountains uranium project in southern Utah. The aim of the program is to
rapidly establish ore-grade mineralization on Trigon's Henry South claim
block. The Henry Mountains program is expected to start in mid-April.
A two phase program has been designed by the Company's technical team
based on the recommendations of Mr. B.L. Berman, technical advisor to Trigon.
Phase 1 of the program will include 17,000 feet of rotary drilling in closely
spaced holes within 800 m of the Indian Bench uranium deposit of Denison Mines
Corp. Phase 1 is budgeted at US$700,000 and permitting for the program is
currently underway. The second phase of the program, which is dependent on the
Phase 1 results, will include an additional 25,000-30,000 feet of rotary
drilling and is budgeted at approximately US$1,000,000. Phase 2 is scheduled
to start within 90 days of the receipt of the Phase 1 results.
Significant uranium deposits occur in the Henry Mountains in the Salt
Wash member sandstones of the Upper Jurassic Morrison formation. The known
uranium deposits in the southern Henry Mountains area host in excess of
20 Million lbs of U(3)O(8). Denison Mines Corp. has announced plans to start
uranium production at the Tony M mine in 2007 and at its Bullfrog Property in
mid-2008. The Tony M and Bullfrog deposits, which are located adjacent to
Trigon's Henry South property, form two more or less continuous trends. Of
these, the southeast to northwest trend, which hosts the Indian Bench and
Copper Bench uranium deposits, is known to extend for more than 8 km. Trigon's
Henry South claim block is strategically well located, covering more than 5 km
of the northwest projection of this trend.
Subsequent to entering into a Lease and Option agreement to acquire the
Henry Mountains property in September 2006, Trigon's technical team focused on
geological study and mapping of the project area. The aim of this work was to
identify areas along trend of the known uranium deposits where the target Salt
Wash sandstones can be reached by minimal drilling depths as well as being
well located to test for uranium mineralization. Based on the results of this
work Trigon expanded its Henry Mountains land position to a total of 19,200
acres (see news release January 16, 2007).
About Trigon Uranium Corp.
Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the south-western United States, a region
that has produced over one billion pounds of uranium. Trigon has a
highly-qualified team of uranium exploration experts to direct its efforts at
its Marysvale, Henry Mountains and Wray Mesa projects of southern Utah, and
elsewhere in North America. Trigon also operates a portfolio of high potential
diamond exploration properties within a wholly-owned subsidiary, Trigon
Diamond Corporation Ltd. Trigon has 47,543,673 shares outstanding and its
stock trades on the TSX Venture Exchange under the symbol "TEL".
Should you wish to receive Company news via email, please email
ana@chfir.com and specify "Trigon News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.
%SEDAR: 00021118E
For further information: please visit www.trigonuraniumcorp.com or contact:
Sidney Himmel, President and Chief Executive Officer, Trigon Uranium Corp.,
Tel: (250) 317-3624, Email: sidney.himmel@trigonuraniumcorp.com; Jeanny So,
Broker Relations Specialist, CHF Investor Relations, Tel: (416) 868-1079 x225,
Email: jeanny@chfir.com
Thanks , +5.79% for the day...hii.b :)
liked the chart, liked what they do, liked the press releases lately..figured..why not...
However, no profit is sure until you sell....I'll wait and watch..
looking to see if it breaches the 52week high of 6.75 with volume..if so, I'll hold for awhile..
Nsfisher, you sure know how to pick them. HII.b is now up over 5%.
thanks...bought hii.b @6.05 today
Trigon completes offering of $3 million
KELOWNA, BC, Feb. 12 /CNW/ - Trigon Uranium Corp. ("Trigon") (TSX-V: TEL)
announced that on February 9, 2007 it completed its private placement first
announced on January 17, 2007. Trigon issued 3,725,500 units ("Units") at a
price of $0.80 per Unit for gross proceeds of $2,980,400 (the "Offering").
Each Unit consisted of one common share and one-half of one transferable
warrant, with each whole warrant ("Warrant") entitling the holder to purchase
one common share of Trigon at $1.00 per share until August 8, 2008.
Jones Gable, Raymond James, Research Capital, Octagon Capital, Argosy
Securities, TD Waterhouse, Haywood Securities, Scott McCredie, Lines Overseas
Management Limited, M Partners and BMO Nesbitt Burns acted as finders, and
received finders' fees payable in cash equal to 8% of the gross proceeds of
the Offering sold by such finders aggregating to $149,792 and non-transferable
warrants which entitle the Agents to acquire up to an aggregate of
234,050 shares of Trigon at a price of $0.90 per share until February 8, 2008.
Trigon intends to use the proceeds of the Offering to fund project
generation and exploration of its uranium properties. The Offering has been
approved by the TSX Venture Exchange.
The common shares and Warrants sold pursuant to the Offering may not be
resold until June 10, 2007 pursuant to the requirements of the TSX Venture
Exchange and applicable securities laws.
About Trigon Uranium Corp.
Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the south-western United States, a region
that has produced over one billion pounds of uranium. Trigon has a
highly-qualified team of uranium exploration experts to direct its efforts at
its Marysvale and Henry Mountains projects of southern Utah, and elsewhere in
North America. Trigon also operates a portfolio of high potential diamond
exploration properties within a wholly-owned subsidiary, Trigon Diamond
Corporation Ltd. Trigon has 47,543,673 shares outstanding and its stock trades
on the TSX Venture Exchange under the symbol "TEL".
Should you wish to receive Company news via email, please email
ana@chfir.com and specify "Trigon News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.
%SEDAR: 00021118E
For further information: please visit www.trigonuraniumcorp.com or contact:
Sidney Himmel, President and Chief Executive Officer, Trigon Uranium Corp.,
Tel: (250) 317-3624, Email: sidney.himmel@trigonuraniumcorp.com; Jeanny So,
Broker Relations Specialist, CHF Investor Relations, Tel: (416) 868-1079 x225,
Email: jeanny@chfir.com
Nsfisher, it looks like ADA may be going back up again. Thursday's drop and back up created a long tail in the candle, and Friday was an up day. This action indicates that ADA is likely to go up from here. You are doing well with this one. Congratulation!
did alright with cki, though giving some back on cgs ...lol
CKI> saw a news release awhile back so I did some DD and watched the chart periodically...happened to check it out one day and noticed some volume pickup and a bit of a upward break in the share price..
trade mostly in the summer...when I'm off...once in awhile I'll grab something interesting during the remainder of the year.. picked up a bunch of ADA on the venture exchange between .48 and .51 that way..holding strong on that one for now..Their mine is supposed to open within the month..located within 15 min of my work, so I asked people I know who live there questions like "have they been hiring, are they still hiring, what's up around the site, etc.." It sure got flushed the other day..glad I was at work and didn't see it drop..lol..mind ya, woulda loved to have gotten some on the dump..
Nsfisher, good job on CKI. Glad you did well. I guess, no risk, no gain. How did you find this stock to buy?
out cki at 14.50..
in cgs 11.40-11.42 range
Trigon Announces Marysvale Utah Drill Program
KELOWNA, BC, Feb. 6 /CNW/ - Trigon Uranium Corp. (TSX-V:TEL) today
announced Federal and State permits to carry out the Marysvale drill program
have been received, and drills are being mobilized to start drilling after
snowmelt in early spring. The program's objectives are to confirm and expand
the known uranium resources on the Marysvale Property of central Utah. The
program will consist of 10,500 feet of rotary drilling, and 2,100 feet of core
drilling. The rotary drill holes will be logged for equivalent uranium
content, and the drill core will be chemically assayed. The drilling will
confirm historic data and test new anomalies resulting from the 2006
geophysics program with the intention of expanding the mineral resource.
Mr. Ian S. Thompson, P.Eng., Trigon's Senior Technical Advisor, Uranium
and a qualified person with respect to NI 43-101 stated: "Trigon has now
compiled the geophysical, geochemical and radiometric survey results of its
2006 program, and has identified drill targets to confirm and expand the
historical uranium resources. Our upcoming program is the first step in
converting the historical resource to a NI 43-101 compliant resource."
In late 2006, magnetic, self-potential and induced polarization surveys
were found to respond to historically reported uranium occurrences on Trigon's
Marysvale property. Numerous new anomalous zones were detected, and these are
believed to be structural features and sulphides associated with uranium
mineralization. A report on the geophysical work, prepared for Trigon by Van
Blaricom Geophysical Services LLC states: "The use of geophysics has taken one
area of known mineralization and generated an area of two to three times that
size with similar geophysical responses."
The Marysvale property was last explored between 1979 and 1981 by
Phillips Uranium Inc. who drilled 190 holes. Most of these holes intersected
uranium mineralization.
About Trigon Uranium Corp.
Trigon Uranium Corp. is a uranium exploration and development company
focused on the known deposits of the south-western United States, a region
that has produced over one billion pounds of uranium. Trigon has a
highly-qualified team of uranium exploration experts to direct its efforts at
its Marysvale and Henry Mountains projects of southern Utah, and elsewhere in
North America. Trigon also operates a portfolio of high potential diamond
exploration properties within a wholly-owned subsidiary, Trigon Diamond
Corporation Ltd. Trigon has 47,543,673 shares outstanding and its stock trades
on the TSX Venture Exchange under the symbol "TEL".
Should you wish to receive Company news via email, please email
ana@chfir.com and specify "Trigon News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This release
includes certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical facts,
that address future developments that the company expects to occur, are
forward-looking statements. Although the company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market prices,
exploitation and exploration successes, and continued availability of capital
and financing and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as
a result of new information, future events or otherwise.
%SEDAR: 00021118E
For further information: please visit www.trigonuraniumcorp.com or contact:
Sidney Himmel, President and Chief Executive Officer, Trigon Uranium Corp.,
Tel: (250) 317-3624, Email: sidney.himmel@trigonuraniumcorp.com; Jeanny So,
Broker Relations Specialist, CHF Investor Relations, Tel: (416) 868-1079 x225,
Email: jeanny@chfir.com
kinda liking my cki buy now..wasn't a daytrade after all..but liking it...still holding
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