Molybdenum

[wildcard]

Mosquito Drills Significant Intersection At Pinetree Including 383.9 Meters (1259.5 Feet) Grading 1.01% Copper Equivalent (TSX VENTURE MSQ)

[Lone Clone]

Quadra Announces Development Plans for the Malmbjerg Molybdenum Project in Greenland
Tue Jul 10, 9:00 AM

http://ca.news.finance.yahoo.com/s/10072007/28/link-finance-news-quadra-announces-development-plans-...

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 10, 2007) - Quadra Mining Ltd. ("Quadra or Company") (TSX: QUA.TO) is pleased to announce that its 82% subsidiary, International Molybdenum Plc ("InterMoly"), has commenced the feasibility level studies required to make a development decision on the Malmbjerg project in Greenland. The budget through to the end of the study period is US$15 million with a completion target for the first half of 2008.

Work includes in-fill and geotechnical drilling, pilot plant testing of a bulk sample, environmental permitting applications, basic engineering and cost studies. Previous exploration identified an NI 43-101 compliant Measured and Indicated resource of 560 million pounds of contained molybdenum and the current in-fill program is designed to add drill density and convert some material previously categorized as waste to ore. The project team is on site and drilling is underway. A number of environmental consultants and engineers including staff from the Danish engineering company MTHojgaard, Wardrop Engineers and Knight Piesold are also actively working on the project.

Paul Blythe, President & CEO, comments, "The immediate objective going forward is to confirm the economics of the project, explore funding opportunities and to establish a development strategy. An updated NI 43-101 compliant Technical Report will follow this exercise and will allow us to firm up design criteria and optimise development and execution concepts."

The Malmbjerg project is located on the east coast of Greenland and is one of the highest grade molybdenum projects amenable to open pit mining that is currently being considered for development. The studies carried out by InterMoly before the acquisition proposed a conventional open pit operation with a production rate of approximately 23 million pounds per year of molybdenum commencing in 2011.

About Quadra Mining Ltd. (TSX: QUA.TO)

Quadra is a British Columbia corporation based in Vancouver and is a mining company whose principal assets are the Robinson Mine in Nevada, producing copper and gold, the Carlota copper leach project in construction in Arizona, the Sierra Gorda advanced exploration copper-molybdenum project in Chile and the Malmbjerg molybdenum development project in Greenland. The Company has the goal of becoming a mid-tier base metals development and operating company with interests in a number of advanced exploration, development and producing properties.

This Press Release contains "forward-looking statements" concerning Quadra and includes, among other things, statements concerning the Malmbjerg Project that is based on InterMoly's published expectations, estimates and projections, including information with respect to the future production of the Malmbjerg Project which Quadra has not independently established or verified or assessed the assumptions underlying it. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to:

- Uncertainties related to the cost and logistical challenges of working in the region where the Malmbjerg Project is located.

- Uncertainties related to the accuracy of the resource estimates at the Malmbjerg Project and the geotechnical and density factors and diminishing quantities or grades of reserves.

- Uncertainties related to expected mining production rates, timing of production and the associated metal recoveries.

- Operating and technical difficulties in connection with mining development or production activities.

- Uncertainties relating to determining capital costs and operating costs of a mineral project.

- Uncertainties related to judicial or regulatory proceedings.

- Changes in, and the effects of, the laws, regulations and government policies affecting mining operations.

- Changes in general economic conditions, the financial markets and in the demand and market price for commodities, such as diesel fuel, petroleum, steel, concrete, electricity and other forms of energy, mining equipment, operating supplies, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Danish Krone.

- Environmental issues and liabilities associated with mining including processing and stock piling ore and spent ore.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Quadra disclaims any intent or obligations to update or revise publicly any forward-looking statements whether as a result of new information, estimates or options, future events or results or otherwise.

Contacts

Sophie Taylor
Quadra Mining Ltd.
Manager, Investor Relations
[phone]

Paul Blythe
Quadra Mining Ltd.
President
[phone]
Website: www.quadramining.com

[wildcard]

Mosquito Consolidated Gold Mines Acquires Diamond Drilling Company 100% interest in Kirkness Diamond Drilling Inc. of Carson City, Nevada (TSX VENTURE MSQ)

[Lone Clone]

U.S. Energy Corp. Provides 'Lucky Jack' Molybdenum Project Update
Fri Jul 6, 9:30 AM

http://ca.news.finance.yahoo.com/s/06072007/31/link-finance-news-u-s-energy-corp-provides-lucky-jack...

RIVERTON, Wyo., July 6 /PRNewswire-FirstCall/ -- U.S. Energy Corp. (Nasdaq: USEG) is pleased to provide the following update on its "Lucky Jack" molybdenum project located in west central Colorado.

Background

The Lucky Jack (formerly known as Mt. Emmons) molybdenum project was originally discovered by AMAX Inc. in the 1970s on mineral claims held by U.S. Energy Corp. and Crested Corp. ("USECC"). The mineral claims were subsequently sold to AMAX, which reportedly spent in excess of $150 million delineating and planning for the production of a "world-class" molybdenum deposit. In 1980, AMAX was granted a permit for a 20,000 ton per day (tpd) block cave mining operation. They did not sign the permit due to depressed molybdenum prices. Historical records filed with the Bureau of Land Management (BLM) in the 1990s for the application of patented mineral claims identify resources of some 220 million tons of having a grade of 0.366% MoS2. A high grade section of the mineralization containing some 22.5 million tons at a grade of 0.701% MoS2 was also reported.

In 2002, water rights for the property were granted, and in 2004 additional patents were granted by the BLM. In 2006, the property was contractually returned to USECC by Phelps Dodge Corporation, the successor to AMAX. In 2007, USECC and Kobex Resources, Ltd. (TSX Venture Exchange: "KBX.V") entered into an agreement whereby Kobex has a right to earn up to a 65% interest in the project and reduce USECC's gross royalty to 2%, if certain terms and conditions are met (see April 3, 2007 8-K filing).

Project Status

Currently, USECC and Kobex ("the companies") are evaluating historical data and engineering studies ranging from a 6,000 tpd to a 20,000 tpd operation for drafting a Plan of Operations (POO) to be submitted to the U.S. Forest Service in the fourth quarter of 2007. The companies have retained consultants to prepare hydrological, geotechnical, electrical, transportation and socioeconomic studies. Additionally, several upgrades have been made at the water treatment plant and more are planned to optimize operations.

The companies initiated a community relations program with the hiring of Clyde Gillespie in October 2006. Mr. Gillespie is a former Kinross Gold employee who moved to Gunnison, Colorado after spearheading the effort to obtain a permit for the Buckhorn Gold Project in north-central Washington State. While with Kinross, Clyde also permitted mines in Alaska and Nevada. Once the POO has been filed, the companies plan to work with the local communities concerning mine plan options.

In addition, a comprehensive underground rehabilitation program will be started to enhance the existing underground mine workings. The program is scheduled to begin later this month and should be completed in nine to ten months. This work will pave the way for drilling crews to enter existing drill stations in the high-grade section of the mine for the commencement of a close-spaced drilling program to further delineate the deposit. Diamond drill results will facilitate further resource analyses and a full feasibility study to be initiated in early 2008.

In addition to Mr. Gillespie and numerous consultants now working on the project, Kobex has hired project management, engineering, geology, resource and administrative personnel that are collectively assigned to the project at Kobex's corporate offices in Vancouver, British Columbia, and at field offices in both Gunnison and at the Lucky Jack Project site near Crested Butte, Colorado. The USECC joint venture (between U. S. Energy and its majority- owned subsidiary Crested Corp.) contributes management and accounting resources from its Riverton, Wyoming headquarters.

Last week Kobex management approved a $14 million (May 1, 2007 through April 30, 2008) budget for the project. To date (since December 2006), approximately $5 million in expenditures have been authorized for work presently underway. Kobex is contractually required to spend only $4.2 million this year but any amounts spent in excess of $4.2 million will be credited towards future years' expenditure commitments.

The companies will further evaluate the geological model of the mine, the mine production schedule, the tailings and plant design, infrastructure and manpower requirements. The full feasibility study should be completed by 2010, and an Environmental Impact Statement decision should also be issued during that year. If these timelines are met, the companies expect construction of the mine to begin in 2011, with first production anticipated in 2013.


The Market


The market for molybdenum remains robust. Since 2005, annual global demand has risen from 380 million pounds (lbs.) to an estimated 426 million lbs. in 2007, with demand projected to reach 461 million lbs. by 2009. With demand being fueled by economic and industrial growth in China, India, the U.S. and the global energy sector, some economists forecast growth at a 4.5% compound annual growth rate for the foreseeable future. If such forecasts prove realistic, worldwide demand for molybdenum could reach or exceed 700 million pounds annually by 2020. Today molybdic oxide (Mo) is trading in the $33-35/lb. range in a tight supply/demand market environment.

Kobex Funding

On May 11, 2007, Kobex announced the completion of an approximate $25 million equity financing, with the proceeds of the capital raise dedicated to the Lucky Jack project. On May 23, 2007, Kobex paid the first $750,000 option payments with shares of Kobex common stock. For more information please see the Form 8-K filed on June 4, 2007

"We are very pleased with the progress that has been made since signing our Letter Agreement on October 10, 2006 with Kobex," stated Mark J. Larsen, President and Chief Operating Officer of U.S. Energy Corp. "Kobex's experienced management team has recognized the 'world-class' nature of this molybdenum deposit and has immediately set out to advance the project towards further resource delineation in an effort to commence a full feasibility study as soon as possible. They are putting their recently raised capital to work in an accelerated fashion and we couldn't be more delighted with their efforts and management team. The market for molybdenum is projected to remain robust, and I firmly believe that Lucky Jack is a mine whose time has come. With technological advances, sound planning and strong management, I am very confident that our collective efforts will allow Lucky Jack to become the world's next major primary molybdenum mine."

"As the Lucky Jack project moves forward, we will continue to engage the local communities in the permitting process with the goal of making this project a win/win situation for all stakeholders to the maximum extent possible," stated Keith Larsen, Chairman of U. S. Energy Corp. "Kobex and USECC are fully committed to minimizing environmental impacts and to also work with the public at large about the significant economic benefits that will be realized when the mine is brought into production."

ABOUT U.S. ENERGY CORP. AND CRESTED CORP.

Disclosure Regarding Mineral Resources
Under SEC and Canadian Regulations;
and Forward-Looking Statements

USE and Crested (the "Company") own or may come to own stock in companies which are traded on foreign exchanges, and may have agreements with some of these companies to acquire and/or develop the Company's mineral properties. Examples of these other companies are Sutter Gold Mining Inc., sxr Uranium One, and Kobex Resources Ltd. These other companies are subject to the reporting requirements of other jurisdictions.

United States residents are cautioned that some of the information available about our mineral properties, which is reported by the other companies in foreign jurisdictions, may be materially different from what the Company is permitted to disclose in the United States.

This news release includes statements which may constitute "forward- looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital, competitive factors, and other risks. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revision or changes after the date of this release.

For further information on the differences between the reporting limitations of the United States, compared to reports filed in foreign jurisdictions, and also concerning forward-looking statements, please see the Company's Form 10-K ("Disclosure Regarding Forward-Looking Statements"; "Disclosure Regarding Mineral Resources under SEC and Canadian Regulation"; and "Risk Factors"); and similar disclosures in the Company's Forms 10-Q.

SOURCE U.S. Energy Corp.

Contacts

Keith G. Larsen
CEO
or Mark Larsen
President
both of U.S. Energy Corp.
[phone]

[Lone Clone]

Kobex Provides Corporate Update
Friday July 6, 8:30 am ET

http://ca.us.biz.yahoo.com/iw/070706/0274675.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 6, 2007 -- Kobex Resources Ltd. (Kobex) (CDNX:KBX.V - News) is pleased to provide the following update on the development of its Lucky Jack Molybdenum Project (the Project) located in Gunnison County, Colorado.

Kobex has now received approval by the TSX Venture Exchange for the Exploration, Development and Mine Operating Agreement entered into with U.S. Energy Corp., Crested Corp. and U.S. Moly Corp on April 3, 2007 in respect of the Lucky Jack Molybdenum Project (previously known as the Mt. Emmons Project) located near Crested Butte, Colorado, USA. As previously reported, Kobex will manage and operate as well as fund the development of the Project, and has the option to earn from U.S. Energy and Crested Corp., up to a 65% interest in the Project, or be required to purchase, through the issuance of up to 50% (but not 50% or greater) of the issued share capital of Kobex, 100% of the Project through a newly formed wholly owned subsidiary of U.S. Energy Corp, all upon certain terms and conditions being met.

A budget of USD $14.2 million for the next 12 months for the development of the Lucky Jack Project has been approved by the Board of Directors. This budget includes the operational costs for both Kobex Resources Ltd. as well as its wholly owned subsidiary Kobex Colorado Corporation. The primary areas of expenditure will be the rehabilitation of existing underground access to drill stations, underground definition drilling, preliminary engineering studies to support the Plan of Operations, and operating costs associated with the water treatment plant.

Kobex Colorado Corporation has entered into a contract with Thyssen Mining Construction of Canada Inc. (Thyssen) for the underground rehabilitation at the Project. Thyssen is currently mobilizing its team and equipment to carry out the underground work program. This will provide safe and efficient access to historic drill stations, to planned additional drill access drifts and new drill stations and allow delineation of the areas of higher grade mineralization identified by Climax Molybdenum Corporation. The underground rehabilitation work is expected to take approximately nine to ten months. Thyssen is a leading mining contractor in the Western USA and Canada with over 40 years experience in the mining industry. They are known for their safe mining practices and commitment to the protection of the environment.

A Plan of Operations is currently being prepared and evaluated prior to being presented to the U.S. Forest Service. This submission is the first step in the formal environmental permitting process for the Project. A series of studies examining infrastructure sites, transportation routes, hydrology, and socio-economic conditions and projections have been commissioned and are nearing completion. It is Kobex`s intent to submit the Plan of Operations for the Lucky Jack Project to the U.S. Forest Service in the fourth quarter of 2007.

Kobex is planning to commence a Feasibility Study on the Lucky Jack Project in the first quarter of 2008. Geological resource estimation, mine production scheduling, process metallurgical test work, plant and tailing impoundment design, infrastructure and manpower requirements will all be evaluated in sufficient detail for preparation of an Environmental Impact Statement (EIS). Kobex is projecting U.S. Forest Service approval in 2010. If these timelines are met, Kobex expects mine construction to begin in 2011, with first production of molybdenum concentrate anticipated in 2013.

The market for molybdenum remains robust. Since 2005, annual global demand has risen from 380 million pounds (lbs.) to an estimated 426 million lbs. in 2007, and demand is projected to reach 461 million lbs. by 2009. With demand being fuelled by economic and industrial growth in China, India, the U.S. and the global energy sector, some economists forecast growth at a 5% compound annual growth rate for the foreseeable future. If such forecasts prove realistic, worldwide demand for molybdenum would reach or exceed 700 million pounds annually by 2020. Today molybdic oxide (Mo) is trading in the $30/lb. range in a tight supply/demand market environment.

Kobex has recently added to their staff and is pleased to announce several appointments:

Ms. Andrea Zaradic, P. Eng., has been appointed to the position of Senior Project Manager. Ms. Zaradic is a graduate of the University of British Columbia and holds both Masters and Bachelors degrees in Mechanical Engineering. In a career with 20 years experience, Andrea has played an instrumental role in consulting engineering, project management, design and plant commissioning, operations and owners project development in the mining, forestry and high technology sectors. Recent examples include the Forrest Kerr Hydroelectric Project, Oyu Tolgoi Copper Project, Onca Puma Nickel Project and the Ekati Diamond Mine. Ms. Zaradic is a registered Professional Engineer in the provinces of British Columbia and Ontario.

Mr. William (Bill) Kazel is appointed to the position of Site Manager with Kobex Colorado Corporation. Bill has over 40 years of experience in the exploration, development, reclamation & closure and operations management of large and small underground mines. Bill has a degree in Chemical Engineering from the University of Denver and is a Colorado resident.

Mr. Robert (Bob) Weigel is appointed to the position of Contract Supervisor with Kobex Colorado Corporation. Bob was born and raised in Gunnison County, near the Lucky Jack Project and has worked in underground mining in the western USA for the last 30 years.

Kobex president, Mr. Leo King remarked " we are pleased with recent progress in moving forward on the Lucky Jack project. Our successful financing and addition of key staff will allow us to aggressively advance the work on this exciting project. US Energy has been very supportive in our initial start-up efforts and we look forward to a long-lasting co-operative relationship."

Kobex is committed to sustainable mining operations that balance economic, social and environmental values. In all its activities it commits to:

- Protecting human health and safety

- Protecting the environment and wildlife habitat

- Operating with transparency and accountability

- Complying with all national, regional and local laws and regulations

- Engaging and partnering with local communities

- Providing long-lasting benefits to local communities

By working in this manner, Kobex will deliver value to its shareholders while providing sustainable economic, social and environmental benefits to local communities in regions where it operates.

On behalf of the Board of Directors

H. Leo King, President

This news release includes certain statements that express management's expectation or estimates of future performance and may be deemed "forward-looking statements". These forward-looking statements include plans, estimates, forecasts and statements as to management's expectations concerning Kobex and its proposed acquisition of an interest in the Lucky Jack Project, including, among other things, Kobex's plans to earn a 65% interest in the Project and the requirement to purchase 100% of the Project. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.

United States residents are cautioned that some of the information that may be published by Kobex may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.



The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.


Contact:

Contacts:
Kobex Resources Ltd.
Leo King
President
[phone]

Kobex Resources Ltd.
Ivan Bebek
Manager of Investor Relations
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.kobexresources.com


Source: Kobex Resources Ltd.

[Lone Clone]

Tenajon Commences Exploration Drilling Ajax Molybdenum Project Northwestern BC
Thu Jul 5, 8:31 AM

http://ca.news.finance.yahoo.com/s/05072007/28/link-finance-news-tenajon-commences-exploration-drill...

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 5, 2007) - Tenajon Resources Corp (TSX VENTURE: TJS.V) (the "Company") is pleased to announce that drilling has commenced at its 100% owned Ajax Molybdenum Deposit located 16 km north of Kitsault, northwestern British Columbia.

The purpose of the initial 3,500 metre drill program is threefold:

1. Improving confidence in near surface high-grade mineralized zones within a potential starter pit that could host approximately 37 million tonnes of the deposit at a 2.33:1 stripping ratio;

2. Convert resources from the inferred to the measured and indicated category;

3. Test a proposal put forth by Dr. Nicholas Carter, P. Eng., one of Canada's foremost experts on porphyry molybdenum deposits, which suggests that the grade of the deposit may have been underreported due to the orientation of most of the drill holes completed during previous drilling campaigns.

Ajax is one of North America's largest undeveloped molybdenum deposits. At a 0.040% Mo cut-off the deposit hosts inferred resources of 448.8 million tonnes grading 0.063% Mo (623.4 million pounds) and an indicated mineral resource of 38.8 million tonnes averaging 0.064% Mo (56.4 million pounds). The estimate was prepared by Giroux Consultants Ltd., an independent consulting firm (released March 5, 2007). The current price of molybdenum is approximately US $32.125/lb.

Infrastructure is very good with both tidewater access and hydroelectric power situated at Kitsault. In addition, there are plans to construct a hydro line 5 km to the west of the deposit.

In Carter's study he states with regards to Ajax that "As currently defined, molybdenum grades of 0.05% and greater occur within a circular zone measuring 600 x 650 metres in diameter, extending from surface at an elevation of about 1050m to depths of greater than 1,000 metres as indicated by the 2006 drilling." He also states, "The previous work on the Ajax Property suggest an area of enhanced grade may be related to an east-northeast trending fault zone near the northern limits of the current molybdenum zone."

According to Carter this concept was originally proposed by Newmont geologist in 1966. Furthermore he concludes, "Most of the holes completed on the Ajax Property have been inclined holes drilled on west southwest orientations essentially parallel to zones thought to contain enhanced molybdenum grades. A review of the results to date suggests that intervals of better molybdenum grade are contained in holes drilled within 100 metres of the east northeast fault zone." This area occurs within the middle of the proposed starter pit. Some of the results from this area include:

 
 ---------------------------------------------------------------- 
              From          To         Int. 
 Hole           (m)         (m)         (m)     % MoS2     % Mo(i) 
 ---------------------------------------------------------------- 
 65-02        35.4       127.4        92.0       0.181      0.109 
 ---------------------------------------------------------------- 
 66-19           0        42.7        42.7       0.184      0.110 
 ---------------------------------------------------------------- 
 05-03           0        68.6        68.6       0.143      0.086 
 ---------------------------------------------------------------- 
 05-02           0       287.8       287.7       0.143      0.086 
 ---------------------------------------------------------------- 
 66-30         4.3        73.2        68.9       0.154      0.092 
 ---------------------------------------------------------------- 
 (i) Mo grades are 60% of MoS2 
 </PRE> 
  
 Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101, will supervise the Ajax exploration program. 
  
 On Behalf of the Board of Directors 
  
 TENAJON RESOURCES CORP. 
  
 D. Bruce McLeod, President 
  
 This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results. 
  
 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. 
  
 Contacts 
  
 D. Bruce McLeod 
 Tenajon Resources Corp. 
 President 
 [phone] or Toll Free: 1-888-338-2200 
 [phone] (FAX) 
 Email: [e-mail] 
 Website: www.tenajon.com 

[Lone Clone]

Jasper Mining Corporation announces a high grade molybdenum interval of 7.3 metres grading 0.889% molybdenum on the McFarlane property
Wed Jul 4, 12:59 PM

http://ca.news.finance.yahoo.com/s/04072007/30/link-finance-news-jasper-mining-corporation-announces...

Trading Symbol: JSP (TSX-V)

CALGARY, July 4 /CNW/ - Jasper Mining Corporation (the "Company") announces results from its recently completed diamond drill program on its McFarlane property located immediately west of Kootenay Lake near the community of Gray Creek, BC. The property is adjacent to and is contiguous with the Company's Lydy property. Together the Lydy and McFarlane properties comprise a composite property of 10,524 acres encompassing an area 11 km east-west by 4 km north-south. Both the Lydy property (2,968 acres) and the McFarlane property ( 7,556 acres) are 100% owned by the Company and are interpreted to have potential for molybdenum plus copper and/or gold mineralization.

The recently completed drill program was intended to test a series of aggressive EM and/or magnetic anomalies identified by Aeroquest Limited at the Company's request. Hole 2 of the program returned a number of high grade but very narrow width assays.

Of particular interest to the Company are the results of hole 4 drilled approximately 180 metres south-southeast of Pad 3 (holes 5 to 7) from the 2006 drill program (see Press Release dated July 27, 2006) returning a very high grade 7.3 metre interval having a weighted average grade of 0.889% Mo. Some of the data from hole 4 is contained below:

 
  
                  ------------------------------------------- 
                   Hole         From    To      Width  Mo 
                                (m)     (m)     (m)    (%) 
                  ------------------------------------------- 
                   4            201.5   208.8   7.3    0.889 
                  ------------------------------------------- 
                   including    204.5   205.6   1.1    1.386 
                  ------------------------------------------- 
                                207.1   208.8   1.7    1.993 
                  ------------------------------------------- 
  
         The core comprising the sampled intervals was split in half with one 
         half submitted for analysis and one half retained for subsequent 
         analysis. The core was submitted to Acme Analytical Laboratory Ltd in 
         Vancouver, BC for Group 1DX analysis. Sampled intervals averaged 
         approximately 1.52 metres (5 feet) except for a number of high grade 
         mineralized intervals for which shorter sample intervals were 
         utilized. 
  
         High grade Mo (greater than 2000 ppm) results were re-analyzed using 
         the Group 7KP package. 
  
         Note: The recent market price for Molybdenum is approximately 
         US$35 per pound. 
 

As a result of these high grade results drill core from the 2006 program is being reviewed and re-sampled particularly non-sampled core adjacent to the high grade intervals.

This press release has been prepared by Richard T. Walker, B.Sc., M .Sc., P. Geo., the "Qualified Person" under National Instrument 43-101.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.

Contacts

Gordon F. Dixon
Q.C.
President
Jasper Mining Corporation
Telephone [phone]
Fax [phone]
email: [e-mail]

Investor relations inquiries may be directed to Robert Rowell
Telephone [phone]
email: [e-mail]

[Lone Clone]

Sprott Molybdenum Participation Corporation Announces Net Asset Value as at June 29th, 2007
Wed Jul 4, 9:07 AM

http://ca.news.finance.yahoo.com/s/04072007/30/link-finance-news-sprott-molybdenum-participation-cor...

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE

UNITED STATES/

TORONTO, July 4 /CNW/ - (TSX: MLY, MLY.WT) - Sprott Molybdenum Participation Corporation (the "Corporation") announces that its net asset value as at June 29th, 2007 was $240 million or $5.40 per issued and outstanding common share. The fair market value of securities of companies that explore for, mine and/or process molybdenum held by the Corporation (the "Portfolio Investments") was $196 million, the fair market value of molybdenum oxide purchased for delivery in the forth quarter was $20.5 million and $50 million was invested in cash and money market securities as at June 29, 2007. Gross appreciation in the value of the Portfolio Investments since January 1, 2007 was approximately $36 million. Please note that all of the figures are approximate and unaudited.

The Corporation calculates its net asset value and the fair market value of the Portfolio Investments at 4:00 p.m. (Toronto time) on the last day of each week that the Toronto Stock Exchange is open for business.

Top ten holdings (as at June 29, 2007)

 
         1.   Thompson Creek Metals Company Inc. 
         2.   Idaho General Mines Inc. 
         3.   Quadra Mining Ltd. 
         4.   Inca Pacific Resources Inc. 
         5.   Mercator Minerals Ltd. 
         6.   Roca Mines Inc. 
         7.   Moly Mines Limited 
         8.   International PBX Ventures Ltd. 
         9.   Galway Resources Ltd. 
         10.  Golden Phoenix Minerals Inc. 
     

About Sprott Molybdenum Participation Corporation

-------------------------------------------------

The Corporation is an investment holding company created to invest in molybdenum assets. The primary investment objective of the Corporation is to achieve capital appreciation by investing in securities of private and public companies that explore for, mine and/or process molybdenum and by investing in, holding, selling and otherwise transacting in all commercial forms of molybdenum. It is not an investment strategy of the Corporation to actively speculate with regards to short-term changes in molybdenum prices. The Corporation's investment mandate will provide investors with several benefits. It will provide investors with the opportunity to invest in commercial forms of molybdenum, which is currently unavailable through an exchange. In addition, it will provide investors with a diversified portfolio of securities of private and public companies that explore for, mine and/or process molybdenum.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been and will not be offered or sold in the United States or to, or for the account or benefit of, a "U.S. person", as such term is defined in Regulation S under the United States Securities Act of 1933, as amended. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of these securities in the United States.

Contacts

Investor Services at 1-888-362-7172

[Lone Clone]

Nithi Mountain Drilling Update
Fri Jun 29, 2:07 PM

http://ca.news.finance.yahoo.com/s/29062007/30/link-finance-news-nithi-mountain-drilling-update.html

Trading Symbol: LWC

CALGARY, June 29 /CNW Telbec/ - Leeward (TSXV - LWC) is pleased to announce the first set of drilling results from the current drill program on the Nithi Mountain Moly Project. Two drills have been utilized during this program with one deployed on the Gamma Zone and the second at West Gamma. The overall objective of this drilling is to identify a large, moderate to low grade, bulk tonnage, open pit deposit.

Drilling at Gamma Zone is designed to infill between previous drillholes at 50m spacing to have sufficient drill density in order to calculate an initial indicated resource for the zone. In addition, holes have been planned to test the full dimensions of this moly zone.

The Gamma zone is separated from the Gamma West by faulting. The initial drilling of the margins of this zone was completed in January and confirmed the presence of moly mineralization at West Gamma. The current program is designed to outline the extent of this zone as a guide to more detailed drilling such as is being completed at Gamma.

Thus far, 28 holes were completed on Gamma. Following are some of the results received:

 
     Hole Number           Intersection (m)  Interval (m)      MoS2        Mo 
  
     G-07-1                     81.4-142.3          60.9      0.051     0.031 
                 including     102.7-108.7           6.1      0.105     0.063 
     G-07-2                     11.3- 63.1          51.8      0.051     0.031 
                                84.4-172.8          88.4      0.052     0.031 
                 including     151.5-163.7          11.5      0.101     0.061 
     G-07-03                   139.3-150.6          11.3      0.057     0.034 
     G-07-04                    29.6- 69.2          39.6      0.057     0.034 
                               111.9-198.4          87.5      0.910     0.055 
                 including     151.5-166.7          15.2      0.143     0.086 
     G-07-05                     5.2-148.4         143.2      0.054     0.032 
                 including      81.4-118.0          36.6      0.070     0.042 
     G-07-06                     0.0-194.2         194.2      0.051     0.031 
                 including      69.2- 84.4          15.2      0.079     0.047 
     G-07-07                    14.4- 63.1          48.7      0.060     0.036 
     G-07-08                    96.9-124.1          27.2      0.051     0.031 
                               157.6-169.8          12.0      0.071     0.043 
     G-07-09                   114.9-154.5          39.5      0.057     0.057 
     G-07-10                     8.2- 26.5          18.3      0.068     0.041 
     

The results from the first ten exploration holes on Gamma West Zone have all been received. They will be released when available.

The moly mineralization on Nithi Mountain has been traced along strike for 1,500 metres; it still remains open. Further along strike is the "Sigma" Zone. This zone was last drilled in 1981. Six drillholes were completed with results similar to the Gamma Zone. In addition north of the Gamma Zone is the Delta Zone which has only been drill tested on the west side.

Drilling operations are currently suspended for a break and drilling will resume in mid-July. This should allow the assay results to be complied as a guide to additional drilling. At present an airborne geophysical survey is in progress and a LIDAR survey is expected to start shortly. These survey results will be incorporated into our data base for the project to aid in planning future drilling.

Management believes the significant progress is being made in regard to defining a large open pit moly deposit on Nithi Mountain. The results received thus far on Gamma have expanded the resource base along strike and the width of this zone. When the current drilling is completed in August, a resource calculation can be undertaken for this zone.

James Davis acted as the qualified person for the technical content of this release.

The TSX Venture Exchange Inc. does not accept responsibility for the

adequacy or accuracy of this release

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Leeward Capital Corp. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

Contacts

James W. Davis
[phone]
ext.1.

Renmark Financial Communications Inc.: Tina Cameron
[e-mail]

Neil Murray-Lyon
[e-mail]
[phone]
Fax: [phone]
www.renmarkfinancial.com

[Lone Clone]

Midland Exploration Inc.: Acquisition of Strong Molybdenum Anomalies in the James Bay Region
Jun 28, 2007 08:00 ET

http://www.marketwirecanada.com/2.0/release.do?id=746865

MONTREAL, QUEBEC--(Marketwire - June 28, 2007) - Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce the recent acquisition of 265 claims located 35 km west of LG-4 hydroelectric complex in the James Bay region. These new claim blocks cover a total surface area of 134.1 km2 and owned 100% by Midland.

The claim blocks cover significant molybdenum and copper anomalies in lake bottom sediments. They lie immediately to the west and peripheral to an important polymetallic (Mo-Cu-Au) hydrothermal breccia system discovered in 1997 by another exploration company following up on the same type of anomaly. In 1998, channel samples collected by this exploration company in these altered tonalitic breccias yielded grades reaching 0.14% Mo over 89 metres, with grab samples ranging from 0.8 to 4.0% Mo and another grab sample grading 0.13% Cu, 1.97 g/t Au, 0.053% Mo and 12.3 g/t Ag.

The selected properties are within a broad km-scale halo with anomalous molybdenum and copper values in lake bottom sediments. Properties acquired by Midlandcover strong anomalies ranging up to 426 ppm Mo and 90 ppm Cu, which remain unexplained. These strong yet unexplained anomalies are among the most significant in northern Quebec. Midland is planning some prospecting and geological reconnaissance work this summer, in order to locate the source of the anomalies and better define the geological setting.

Moreover, SIDEX (Diversification of Exploration Investment Partnership) recently published a bulletin on the outlook of the molybdenum exploration industry in Quebec. SIDEX considers that the area shows potential for the discovery of polymetallic Mo-Cu-Au porphyry systems. The bulletin further states that the James Bay region and northern Quebec offer new opportunities for molybdenum exploration in Quebec.

Amended Stock Option Plan

Midland is also pleased to announce that the board of directors has approved a resolution increasing the number of common shares reserved for issuance under its current stock option plan from 1,400,000 to 2,000,000 shares. The amended stock option plan has been approved by the TSX Venture Exchange on June 27, 2006.

About Midland

Midland's strategy to discover new gold and base metal deposits is based on Quebec's excellent mineral potential and favourable investment climate. Midland further intends to be pro-active in 2007 in the acquisition of new mineral exploration properties in Quebec. The Company recently acquired 100% interest in 6 new gold properties with Eleonore-type targets in the James Bay region. Management is currently considering other opportunities and other projects in order to expand the Company's portfolio. Midland prefers to work in partnership and intends to quickly secure new agreements to this effect for its properties acquired in 2007.

Gino Roger, P.Eng., is the qualified person who has reviewed the contents of this news release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Midland's periodic reports including the annual report or in the filings made by Midland from time to time with securities regulatory authorities. Midland undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact
Midland Exploration Inc.
Gino Roger
President and CEO
450-420-5977
450-420-5978 (FAX)
[e-mail]
www.explorationmidland.com

[Lone Clone]

China Export Quotas Could Send Molybdenum to Record Price

http://www.huliq.com/25780/china-export-quotas-could-send-molybdenum-to-record-price

Falling moly production and Chinese exports limits could lead to record molybdenum price in 2007.

Our sources in Asia confirmed an industry trade report pre-announcing China would slash export quotas on molybdenum products by approximately 50 percent. The quotas are expected take effect next week.

Many were bracing for a 30-percent reduction in molybdenum exports.

Many stainless steel mills go through summer maintenance programs during this period.

After Labor Day, the molybdenum price could quickly rush past the June 2005 record price. This could result in a frenzied market through mid spring 2008, as we anticipate traders to compensate for depleted molybdenum inventories in the face of firm demand for ferromolybdenum and moly oxide products.

The China announcement could provide the trigger for a spectacular run.

In a March 2007 interview with Thompson Creek executive chairman Ian McDonald, his biggest concern was China’s capability of dumping a large quantity of molybdenum product into the market and driving the molybdenum price lower. (http://stockinterview.com/News/03272007/Blue-Pearl-Molybdenum-Supply-Tig...

It now appears that concerns of Chinese dumping are unwarranted.

In previous interviews with Adanac Molybdenum Corp executive chairman Larry Reaugh, he pointed out that South American and U.S. molybdenum production is unlikely to rise. Reaugh explained that copper producers have mined their higher grade material to capitalize upon the firm molybdenum price. Rio Tinto’s Bingham Canyon in Utah has also suffered falling molybdenum production. During the first five months of 2007, molybdenum production fell by nearly 25 percent.

Molybdenum demand has remained strong despite higher pricing.

U.S. Geological Survey molybdenum expert Michael Magyar lamented in an interview we conducted with him in July 2006 that the industry had a long way to go before molybdenum inventories could be rebuilt. http://stockinterview.com/News/07262006/molybdenum-energy.html

For stainless steel manufacturers and other end users, a sustained molybdenum price spike could evolve into a nightmare before year end and into 2008. But for investors in molybdenum producers, near-term producers, and potentially for exploration companies, this could provide the sort of double-digit returns many investors found in uranium mining and exploration companies during late 2005 into early 2007.

COPYRIGHT © 2007 by StockInterview.com

James Finch contributes to StockInterview.com and other publications. He has contributed to the widely popular “Investing in the Great Uranium Bull Market,” and “Uranium Outlook 2007 - 2008.” His recent work, “Investing in China’s Energy Crisis,” is now available at http://bookstore.stockinterview.com/

[Lone Clone]

New Cantech Ventures Inc. Announces Assay Results for Drill Hole LS07-96 of the Phase 4 Infill Drilling Program on its Lucky Ship Molybdenum Property
Tuesday June 26, 11:50 am ET

http://ca.us.biz.yahoo.com/iw/070626/0271230.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 26, 2007 -- As announced in previous news releases, New Cantech Ventures Inc. ("Cantech") (CDNX:NCV.V - News)(Frankfurt:C7X.F - News), is currently conducting its Phase 4 infill drilling program at the Lucky Ship Molybdenum Property, located 85 kilometres by road southwest of Houston B.C.

The Phase 4 program was targeted to complete 47 drill holes for a total of 14,137 metres of drilling. It was initiated on Feb 20, 2007. The main objectives of this drilling program were to move that part of the Lucky Ship Property mineral resource classified as inferred into the indicated category and to provide initial groundwater (hydrology) information on the deposit. The groundwater drilling is part of the baseline assessments for project development. As of April 29, 2007 Cantech had completed 38 of the projected 47 drill holes (LS07-69 to LS07-106), totaling 11,781 metres. Because of spring thaw conditions which made roads to the property unusable, drilling on the property was suspended on April 29, 2007. Driftwood Diamond Drilling of Smithers B.C. reports that they expect to start drilling the remaining 2,356 metres in the next week to 10 days. The installation of the groundwater wells (hydrology) work by Lorax Environmental Services Ltd. is projected to start in mid July.

As of March 31, 2007 Cantech had incurred expenditures of CDN$4.7 million developing the Lucky Ship property. Cantech has an option to acquire a 100% interest in the property subject to a 2% NSR retained by the vendors.

Assay Results

Assay results for all holes that were split and sampled, with the exception of hole LS07-96, were released in two previous news releases dated May 1, 2007 (holes LS07-69 to 76) and June 15, 2007 (holes LS07-77 to 104) respectively. Cantech has now received assay results for hole LS07-96. This HQ size, vertical drill hole was drilled near the center of the eastern part of the Mo zone. This hole was drilled partly as a groundwater hole (first 100 metres) and partly to confirm the grade of Mo in an area that could potentially be part of a starter pit. As shown in the table below this hole averaged 0.093% Mo from surface to a depth of 303.6 metres and was terminated in good grade mineralization. The following table summarizes significant intersections for this hole. A drill hole plan map showing the location of hole LS07-96 is posted on the Cantech website (www.newcantech.com).



Table of Drill Hole Information and Significant Intersections -- LS07-96

 
 -------------------------------------------------------------------------- 
                                                          Significant Drill 
         Drill Hole Information                          Hole Intersections 
 -------------------------------------------------------------------------- 
 Hole    Easting Northing Elev. Azi- Incl.    Length From     To Length (m.) 
                                muth             (m.)                @ % Mo 
 -------------------------------------------------------------------------- 
 LS07-96  599614  5987290 1118   325  -90     303.58    3 303.58     300.6m 
                                                                    @ 0.093 
                                                     ---------------------- 
                                           including    9     29     20.00m 
                                                                    @ 0.127 
                                                     ---------------------- 
                                           including   57     93     36.00m 
                                                                    @ 0.124 
                                                     ---------------------- 
                                           including  111    139     28.00m 
                                                                    @ 0.123 
                                                     ---------------------- 
                                           including  211    232     21.00m 
                                                                    @ 0.179 
 -------------------------------------------------------------------------- 
 </PRE> 
 Note: Assays were done by ACME Analytical Laboratories Ltd., Vancouver B.C. using ICP-ES analytical technique on an Agua Regia digestion (G7AR analytical package). 
  
 Other News 
  
 As mentioned above, Cantech is currently awaiting the resumption of drilling by Driftwood Diamond Drilling of Smithers and the start of groundwater testing by Lorax Environmental Services Ltd. of Vancouver at the Lucky Ship property. 
  
 In addition, Cantech is about to start a soil sampling program on the Bot option (Moly King property) which is surrounded by the Lucky Ship claim group. The purpose of this work is to determine the extent of the Cu-Mo soil geochemical anomaly first defined by work done by Falconbridge in 1969 (see previous news release dated April 2, 2007). 
  
 Additional claims have been added to the Lucky Ship claim group to cover potential tailings disposal sites. The Lucky Ship mineral tenures now cover an area of 14,149.8 hectares. 
  
 Lucky Ship Developmental Studies 
  
 As announced in a June 15, 2007 press release, Cantech is currently in the process of advancing this project to development, and, therefore has initiated the following: 
  
 - An environmental and engineering team has been established to initiate environmental baseline studies and engineering in support of preparing an Environmental Assessment Application some time in the future. 
  
 - Field collection of additional water quality sampling, spot flow measurements and snow survey measurements are ongoing. 
  
 - A meteorological station and continuous flow monitors are currently being installed for the surface hydrology work. 
  
 - Preliminary study programs for fisheries, surface water and sediment quality, and groundwater have been developed but not yet implemented; more study program documents and additional field programs are planned. 
  
 - Initial geotechnical evaluations of potential waste management facilities for tailings and/or tailings and waste have been initiated by Cantech. 
  
 - Power line and access options are being evaluated for the project. 
  
 - Additional "new" metallurgical work has been initiated with G&T Metallurgy Services Inc of Kamloops, BC. The work is to define a treatment process for the project's two (2) ore types (Quartz Feldspar Porphyry and Hazelton Volcanics/Sediments) The study is being designed to substantiate initial bench scale metallurgical test results for recovery of MoS2 (CEMI, Feb 06). 
  
 - Consultation (Information exchange) meetings with local First Nation groups, Provincial and Federal regulators and local governments are ongoing. 
  
 Preliminary Economic Assessment 
  
 On May 2, 2007 Cantech announced that A.C.A. Howe International Limited had completed a Preliminary Economic Assessment of the Lucky Ship Project. The National Instrument 43-101 Report containing that Preliminary Economic Assessment has now been filed on the SEDAR website (see press release dated June 19, 2007). 
  
 Qualified Persons 
  
 Dr. Donald G. MacIntyre, P.Eng., a qualified person under National Instrument 43-101, has been supervising Cantech's 2007 Phase 4 Drill Program and has reviewed and approved the technical disclosure in this news release regarding the drilling and assay results. 
  
 Bruce Graff, P. Eng., a qualified person under National Instrument 43-101, is the Lucky Ship Project Manager and has been supervising Cantech's 2007 developmental studies and has reviewed and approved the technical disclosure in this news release regarding the developmental studies. 
  
 About Cantech 
  
 Cantech is a TSX Venture company focusing on the development of its Lucky Ship Molybdenum Property in northern British Columbia. 
  
 ON BEHALF OF THE BOARD OF DIRECTORS 
  
 James Jacuta 
  
 NEW CANTECH VENTURES INC. 
  
  
  
 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. 
  
  
 Contact: 
  
      Contacts: 
      New Cantech Ventures Inc. 
      Dalton B. DuPasquier 
      President and CEO 
      [phone] 
      Website: http://www.newcantech.com. 
        
  
 Source: New Cantech Ventures Inc.

[Lone Clone]

CORRECTION FROM SOURCE: Adanac's 2007 Exploration Underway at Ruby Creek
Tuesday June 26, 4:48 pm ET

http://ca.us.biz.yahoo.com/iw/070626/0271458.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 26, 2007 -- A correction from source is issued with respect to the Adanac Molybdenum Corporation release issued earlier today at 1:44pm ET. In the first paragraph, the ticker symbol was listed incorrectly as "TSX VENTURE:AUA" instead of the correct "TSX:AUA". As such, the disclaimer also incorrectly made reference to the TSX Venture Exchange instead of the correct Toronto Stock Exchange. Also, in the first line of the sixth paragraph, the number "0.59%" has been changed to "0.059%". The corrected release follows:

Adanac Molybdenum Corporation ("ADANAC") (Toronto:AUA.TO - News)(PINK SHEETS: AUAYF) (Frankfurt:A9N.F - News) is pleased to announce the start of its 2007 drill program at its Ruby Creek molybdenum property, near Atlin, British Columbia. The Company plans diamond drilling of about 7000 meters in fourteen holes around the periphery of the Ruby Creek molybdenum deposit, which currently has a National Instrument 43-101 compliant "measured and indicated" resource of 212.9 million tonnes grading 0.063% Mo at a 0.04% Mo cut-off (News Release, March 20th, 2007). This drill program has the potential to add considerably to the resource and provide valuable information for future development planning.

The deposit underlies the floor of a cirque at the head of Ruby Creek. It is open to the northwest, north of a major fault (Adera Fault) and to the southwest, near the head of the creek. It also extends beyond the south wall of the proposed pit, as currently defined by Golder Associates Ltd. The holes are being drilled for exploration purposes and will provide insight into the size, shape and grade of the deposit well beyond the confines of the proposed open pit.

As planned, four angled holes will be drilled to the northwest to test for down-dropped mineralization north of the Adera Fault. They will be collared northeast and southwest of an earlier (-50 degree) hole, A-04-310, that first encountered mineralization at 191 meters and then assayed 0.108% Mo over the next 110 meters to the end of the hole. The 2007 holes will test for mineralization 250 meters out from either side of the known intercept.

Six holes will be drilled southwest of the western edge of the proposed open pit. They will be sited to test for mineralization around A-06-369, a vertical hole that assayed 0.114% Mo over 76 meters from a depth of 258 meters. The mineralization is in fractured coarse-grained granite impregnated with fine-grained granite dykes a short distance above a previously unknown, apparently un-mineralized intrusion. The new holes will attempt to track the mineralized zone through the pass at the head of Ruby Creek into Boulder Creek, which adjoins to the south and west.

A further four holes are scheduled to be drilled in the Boulder Creek drainage. Three will be angled towards Ruby Creek and will test for continuation of the Ruby Creek mineralized blanket about 1 kilometer south of the proposed open pit. They will be located in an area where coarse-grained wolframite (tungsten mineralization) occurs at surface in quartz veins exposed in old trenches. The fourth hole is to be located further south in the Boulder Creek drainage. It will test for molybdenum, tungsten and tin in a skarn showing on the southern contact of the granite intrusion.

The Ruby Creek deposit has an open pit reserve of 143.7 million tonnes grading 0.059% Mo at 0.04% Mo cut-off and 0.95 (waste) to 1.0 (ore) strip ratio. This is sufficient to feed the proposed mine for over twenty years at a rate 20,000 tonnes per day (News Release, January 16th, 2007). The proposed mine is in the late stages of the British Columbia environmental assessment process.

This press release was prepared by Robert H. Pinsent, Ph.D., P.Geo., a Qualified Person pursuant to National Instrument 43-101.

On Behalf of Management

ADANAC MOLYBDENUM CORPORATION

Michael MacLeod, President & Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.



The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Contacts:
Adanac Molybdenum Corporation
Michael MacLeod
President & Chief Executive Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.AdanacMoly.com


Source: Adanac Molybdenum Corporation

[Lone Clone]

Asian Dragon Group Finalizes Deal On Major China Molybdenum Project, Luanchuan Mozigou Molybdenum Mine, Directly Adjacent to ''China Molybdenum'' US$900+ Million IPO
Tuesday June 26, 4:30 am ET

http://ca.us.biz.yahoo.com/bw/070626/20070626005559.html?.v=1

LUOYANG, HENAN PROVINCE, China--(BUSINESS WIRE)--Asian Dragon Group Inc., (OTCBB:AADG - News; FWB:P2J1) (WKN:A0KE7Z) is excited to announce that its newly negotiated and majority owned China Base Metal Development Company, "Fuding Mining Development Co., Ltd." ("FMDC"), has entered into an Acquisition Agreement for a 70% interest in Luanchuan Mozigou (MZG) Molybdenum Mine, located in Jiaohe Village of Luanchuan County, Henan Province, China. The region exhibits prolific molybdenum mineralization and is home to the Luoyang Luanchuan Molybdenum Group Co., Ltd.'s ("China Molybdenum") Sandaozhuang Mine, a 24-million-pound-per-year molybdenum mine only 6 km from the MZG Molybdenum Mine. China Molybdenum is a single mine producer which recently completed its IPO to raise over US$900 million on the Hong Kong Stock Exchange, with the Sandaozhuang Mine being one of the largest pure molybdenum mines in the world with 498,000 tonnes of reserves plus 506,000 tonnes of tungsten reserves.

Asian Dragon will initially earn 51% of FMDC by investing US$10 million, plus stock to be agreed upon, within 1 year and may increase its interest to 70% by investing a further US$20 million for a total investment of US$30 million within 3 years.

The MZG Moly Mine contains a current Exploration License comprised of 14.09 km2 with a 4 km2 aspect of the property running the same northwest-southeast trend as China Molybdenum, all aspects of this ore body trend which extend over a 60 km "saddle" bordering Luanchuan and Lushi County. The overburden is mostly thin and bare on the surface which makes the project suitable for large-scale opencast mining with 2 exposed veins on surface each of which are 50m or wider and only 200m apart indicating the potential of a consolidated ore body below surface. Current Chinese reports estimate the size of the molybdenum ore body within the MZG Property at over 180,000 m3 above surface level while preliminary work projects confirm the property contains molybdenum and other minerals at grades similar to China Molybdenum.

There is a local 2000 t/d iron mill that will cost approximately US$4 million to acquire, upgrade and transport to the Moly site. Roughly, each tonne of the ore containing Moly has the same value as a 1/3 oz of gold, a 2000 tonne/day operation could therefore generate US$433,000 gross/day, US$216,000 per day profit total.

About Molybdenum - Molybdenum is used primarily to harden various forms of steel, making it more resistant to corrosion and improving its strength at high temperatures. Steel mixed with molybdenum has a variety of applications within the construction, shipbuilding, auto, defense and oil industries among others. What makes it especially valuable, though, is the fact that it has few substitutes and has an enormous market in Chinese industry.

About Asian Dragon

Asian Dragon was established to focus on China's explosive precious and base metals reserves and markets and to become one of China's largest foreign metals producers through a series of joint ventures and mine and property acquisitions.

Long standing relationships with the Gold Bureau have provided Asian Dragon with the exclusive opportunity to commence due-diligence on several advanced Chinese Mining Projects in one of the Country's most well known and prolific mineral production regions, the Xiaoqinling Region.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.


Contact:

Asian Dragon Group Inc.
Investor Relations:
Badshah Communications Group Ltd., 866-857-7522

Source: Asian Dragon Group Inc.

[Lone Clone]

Tenajon Reports Positive Metallurgical Test Results for the Ajax Molybdenum Project
Thu Jun 21, 12:31 PM

http://ca.news.finance.yahoo.com/s/21062007/28/link-finance-news-tenajon-reports-positive-metallurgi...

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 21, 2007) - Tenajon Resources Corp. (TSX VENTURE: TJS.V) (the "Company") is pleased to report results from preliminary metallurgical test work completed for its Ajax Molybdenum project. The metallurgical program was conducted by Westcoast Mineral Testing Inc. of North Vancouver, BC and was successful in determining that rougher stage molybdenum recoveries in excess of the reported 86.5% can be achieved.

Ajax, one of North America's largest undeveloped molybdenum deposits, is located 14 km north of Alice Arm in northwestern British Columbia. Infrastructure in the area is very good with both tidewater access and hydro electric power situated at Kitsault 16km to the south. At a 0.040% Mo cut-off, the Ajax Deposit hosts a 43-101 compliant inferred mineral resource of 448.8 million tonnes grading 0.063% molybdenum (623.4 million pounds) and an indicated mineral resource of 38.8 million tonnes grading 0.064% molybdenum (56.4 million pounds).

"We are very pleased with these early stage results," said Bruce McLeod, President & CEO of Tenajon. "While testing to date is very preliminary in nature, Westcoast Mineral Testing is confident that rougher stage molybdenum recovery of greater than 90% can be achieved at a coarse grind and with uncomplicated reagent additions. In addition, tests indicate that the Ajax deposit contains a very low content of minerals that could potentially impact molybdenite flotation."

The 2007 testing program was undertaken on single equal weight composites all from drill hole 06-04 assay rejects. Thirty four rejects were included to produce a composite that grades 0.065% molybdenum.

Four bench scale tests were completed using DF250 (Dowfroth 250) as the frother and diesel fuel as the collector.

The 2007 drill program will include the drilling of one or more metallurgical test holes so that future metallurgical test work can be conducted at the recommended size of 10 - 20 kg charges. Larger scale bench tests will assist in further optimization of Molybdenum recovery and concentrate grades. The objective of the 2007 drill program, consisting of 3,500 metres of diamond drilling, is to further define near surface high-grade mineralized zones within a potential starter pit.

Quality Assurance

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Bruce McLeod, P. Eng., President & CEO for Tenajon Resources Corp. The metallurgical testing on the Ajax samples was carried out under the supervision of Gary Hawthorne, P.Eng. of Westcoast Mineral Testing Inc. of North Vancouver, B.C. Gary Hawthorne is a Qualified Person under National Instrument 43-101 and has reviewed the content of this press release.

Dave Visagie, P. Geo. Northair Group Exploration Manager is the Qualified Person as defined by NI 43-101 for the Ajax Property.

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

D. Bruce McLeod, President

This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contacts

D. Bruce McLeod
Tenajon Resources Corp.
President
[phone] or Toll Free: 1-888-338-2200
[phone] (FAX)
Email: [e-mail]
Website: www.tenajon.com

[Lone Clone]

Auzex Resources; Kingsgate Molybdenum-Bismuth (Mo-Bi) Project Scoping Study

http://www.acnnewswire.net/press/en/37160/AUZEX-RESOURCES-LIMITED.html

Brisbane, June 20, 2007 (ACN Newswire) - Kingsgate Molybdenum-Bismuth (Mo-Bi) Project Scoping Study provides pathway to feasibility study. A Scoping Study has been completed at the Auzex Resources' 100% owned Kingsgate Molybdenum-Bismuth project, located 20km east of Glen Innes, NSW, Australia. This Study confirms that Kingsgate will be a high grade, low cost operation, and provides the Company with clear recommendations of the requirements necessary to achieve Feasibility Study status for the project within a six to nine month timeframe.

The Scoping Study's Project Team comprised twelve separate consultant groups. Independent expert reports based on the Company's extensive exploration work, including an extensive Trial Mining / Bulk sampling program, were produced with information forming part of the final document which is summarised in this release.

Study reveals robust project

The Scoping Study has highlighted a lower than expected operating cost of $60.33 per tonne of ore processed. However, capital expenditure and infrastructure related to development came in higher than anticipated at $39.76M. A conservative diluted head grade of 0.23% Mo and 0.23% Bi has been used, although the Company is still targeting a grade of 0.3% Mo and 0.3% Bi. Based on a 250,000 tpa processing operation, a total of 911 tonnes of Mo in concentrate and 698 tonnes of Bi in concentrate would be produced annually.

This represents revenue of $158.12 per tonne of ore processed, using the study's long term assumptions of a US$22/lb Mo concentrate price, US$13/lb Bi concentrate price and a US$0.80 exchange rate. These price assumptions are more than 30% below the current market price of both metals.*

Overall project targets on track

Recent exploration results and interpretation of data from independent consultants confirm that the Company's initial long-term target of 10,000 - 20,000 tonnes each of contained molybdenum and bismuth is likely to be significantly upgraded. These metal targets equate to between 2.5M and 5M tonnes of ore at a target grade of 0.3% Mo and 0.3% Bi.

Resource conversion program

Discussions have commenced with regard to funding the development of the project. It has become clear that a resource compliant with the JORC Code** is vital to ensure fund raising costs and shareholder dilution are minimised. The Company is confident a JORC resource can be achieved at Kingsgate and is currently planning a detailed program of resource conversion. This is expected to commence early next month. The methodology has been approved by independent consultants. The aim is to report a JORC compliant resource for an initial 5 year mine life based on an annual processing rate of 250,000 tonnes.

Drilling targeting an initial five year mine life JORC resource

Resource drilling will focus on gaining information on grade and continuity of mineralisation to allow a global resource to be calculated for the project. A recently completed Induced Polarisation (IP) program identified a number of new geophysical anomalies within a 38 hectare area adjacent to the previous IP survey area. The Company is now confident that a resource for an initial five year mine life can be indicated from the area covered by the geophysics.

* As at 14 June 2007, MoO (57% concentrate) was trading at US$33.50 lb and Bi (90 day 99.99%) was trading at US$18.75 lb. The exchange rate was US$0.8418.

** JORC Code:- Guidelines prepared by the Joint Ore Reserves Committee (established 1971) of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia. This Code sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The Code has been adopted by and included in the listing rules of the Australian and New Zealand Stock Exchanges.

Key Parameters

 
 Diluted Head Grade Assumption   0.23% Mo; 0.23% Bi 
 Processing Rate                 250,000 tpa 
 Forecast Annual Production      911 tonnes Mo in concentrate 
                                 & 698 tonnes Bi in concentrate 
 Capital Expenditure  
 (incl. infrastructure)          A$39.76M 
 Metal Price Assumption*         US$22/lb Mo (A$60,626 tonne);  
                                 US$13/lb Bi (A$35,825 tonne)  
 Forecast Revenue                A$158.12 per tonne of ore processed  
 Forecast Operating Costs        A$60.33 per tonne of ore processed** 
 

* Assuming exchange rate of US$0.80
** Assuming waste:ore ratio of 3:1


About AUZEX RESOURCES LIMITED

Exploration for valuable metals associated with granite

Contact
Brett O'Donovan
Auzex Resources Limited
Ph: 0433 399 501
Level 30, AMP Place
10 Eagle Street
Brisbane Qld 4000
www.auzex.com

[Lone Clone]

Bolero Begins 5,500 Metre Drill Program At Bald Butte
Thu Jun 21, 7:04 AM

http://ca.news.finance.yahoo.com/s/21062007/30/link-finance-news-bolero-begins-5-500-metre-drill-pro...

VANCOUVER, June 21 /CNW Telbec/ - United Bolero Development Corp. (the "Company" or "United Bolero"), (TSX-V: UNB) is pleased to announce that the 5,500 metre (18,000 feet) diamond drill program at Bald Butte has commenced.

Diamond Drill Program:

----------------------

Ruen Drilling, Inc. of Clark Fork, Idaho has been on site for the last week and, working with UNB personnel, has prepared all of the drill pads for the planned drill program. Drilling is being conducted in two ten-hour shifts per day. Currently at the end of the June 19, 2007 night shift, approximately 630 feet of core has been drilled. A core logging facility has been prepared in Silver City, Montana approximately nine miles east of the Bald Butte property. The core is being sawed and geologically logged prior to shipment of one half of each sample interval to ALS Chemex Laboratories for analysis. Additional geologic mapping is also being conducted over portions of the Bald Butte property.

Previous Work on Bald Butte:

----------------------------

The deposit currently shows a NI 43-101 inferred resource of 105 million tons at a grade of 0.071% Molybdenum (0.12% MoS2) which was calculated using the polygonal method, containing 150 million pounds of Molybdenum, (250 million pounds of MoS2) as stated in the press release dated December 14th, 2006 (http://www.unitedbolero.com/index.php?page=newsdetail&newsfile=unb_20061214.htm).

This NI 43-101 resource was prepared by Broad Oak Associates (an independent) and the Company is now undertaking the program recommended in this Technical Report to increase the geological knowledge of the deposit. The Bald Butte Project is located 18 miles northwest of Helena, Montana in Lewis and Clark County.

John Childs, Ph.D., Registered Geo (AZ) is the "qualified person" (as such term is defined by NI 43-101) responsible for the preparation of the technical information in this release.

Corporate Update:

-----------------

United Bolero Development Corp. is pleased to announce it will hold its Annual General Meeting of the Shareholders on Monday July 9th, 2007 at 11:00 a.m. (local time) at Suite 890-999 West Hastings Street, Vancouver, British Columbia.

United Bolero is listed on the TSX-Venture Exchange under the symbol UNB, as well as the Frankfurt Exchange under U7N. For more information, please visit www.unitedbolero.com or call toll-free 888-945-4770.

On behalf of the Board of Directors

"R. Bruce Duncan"

President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy

or accuracy of this release.

Contacts

Renmark Financial Communications Inc.: Henri Perron: [e-mail]

Jason Roy: [e-mail]

Media - Adam Ross: [e-mail]

[phone]
Fax: [phone]
www.renmarkfinancial.com

[Lone Clone]

Pacific Cascade Minerals Inc.: Molybdenum Property Diamond Drill Permit In Place
Wednesday June 20, 12:15 am ET

http://biz.yahoo.com/iw/070620/0268636.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 20, 2007 -- Pacific Cascade Minerals Inc. (the "Company") (CDNX:PCV.V - News) advises that it has received its Diamond Drill Exploration Permit from the Ministry of Energy, Mines and Petroleum Resources to commence the Company's Phase 1 and 2 diamond drill programs on its "Crack Moly" molybdenum prospect located northeast of Harrison Lake B.C.

The Phase 1 and 2 programs provide for a minimum of two thousand (2000) and four thousand (4000) meters of drilling respectively on the property comprising 8 contiguous staked mineral claims totaling approximately 3300 hectares. As previously reported, receding glaciation has exposed surface anomalous value molybdenite showings within quartz breccia. The Company has completed a 3D Induced Polarization (3D IP) survey which displayed coincident low resistivity and high chargeability anomalies. The IP survey generally agrees with the geological mapping to date and outlines the intrusive breccia complex. Chargeability data outlined an 800 meter diameter zone that persists to a minimum of 300 metres below surface which was the depth limit of the IP survey. The anomaly remains open at depth.

The Company further advises that it has granted 140,000 incentive stock options to a director, employee and consultant of the company at a price of $0.50 per share for a period of five (5) years.

ON BEHALF OF THE BOARD OF DIRECTORS,

Craig Robson, Director

Pacific Cascade Minerals Inc.

We seek Safe Harbor.



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.


Contact:

Contacts:
Pacific Cascade Minerals Inc.
Harold Forzley
President /CEO
[phone]

Pacific Cascade Minerals Inc.
Craig Robson
Director
[phone]

Pacific Cascade Minerals Inc.
Robert Krause
Director
[phone]
[phone] (FAX)


Source: Pacific Cascade Minerals Inc.

[Lone Clone]

Sultan Acquires Surface Rights to Additional 150 Acres at Jersey-Emerald Tungsten-Molybdenum Property, B.C.
Tuesday June 19, 9:30 am ET

http://biz.yahoo.com/ccn/070619/200706190397707001.html?.v=1

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 19, 2007) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to announce that it has entered into a purchase agreement (the "Agreement") with Albert and Sharol Mottl (the "Sellers") of Hillcrest Mines, AB to acquire 100% of the rights, title and interest for the surface rights over one hundred and fifty (150) acres of land (the "Property") overlying part of the Jersey Claim Group which consists of 28 Crown Granted mineral claims, four two-post claims and 80 mineral units located near Salmo, British Columbia. The Agreement is subject to regulatory approval.

Under the terms of the Agreement, Sultan has agreed to make a one-time cash payment of $50,000 and issue 150,000 common shares to the Sellers for the purchase of the Property.

No common shares will be issued as bonuses, finder's fees or commissions in connection with this transaction. The common shares issued pursuant to the Agreement are subject to a hold period of four (4) months, plus one (1) day from the date of issuance.

Mr. Arthur G. Troup, President and CEO, stated, "We are aggressively taking the necessary steps to advance the known molybdenum and tungsten deposits at our Jersey-Emerald mine as is evident by this land acquisition purchase and our drilling program which is well underway. Sultan now owns 1,100 acres of surface rights over the proposed mine site. We are currently awaiting assay results for an additional nine holes that explored for extensions of the tungsten mineralization and an additional three holes that explored for extensions of the molybdenum. We look forward to issuing these results as soon as they become available, which we anticipate will be in July."

The Jersey-Emerald property is host to the historic Emerald Tungsten Mine, Canada's second largest tungsten mine and the former Jersey Lead-Zinc Mine, which was British Columbia's second largest lead-zinc producer.

On May 23, 2007, Sultan filed a National Instrument 43-101 compliant Technical Report for the Jersey-Emerald Property, which was prepared by Wardrop Engineering Inc. The study identifies a potentially commercial tungsten operation at current prices. Sultan is presently proceeding with a 50 drill hole exploration program which may substantially improve the economics of the project.

Assays for the first six holes of this drill program were released on June 6, 2007. The six holes were drilled to test for molybdenum mineralization situated beneath the tungsten deposit. Molybdenum mineralization was intersected in four of the six holes. Drill-Hole JM07-04, was the highlight of the six holes. This remarkable hole assayed 0.10% molybdenum (MoS2) over a core length of 548.0 feet and averaged 0.04% MoS2 over its entire 1,529 foot length. The hole contained several higher grade sections including 0.28% MoS2 over 79.9 feet, 0.23% MoS2 over 43.0 feet and 1.81% MoS2 over 9.9 feet.

Arthur G. Troup, P.Eng., Geological, President and CEO

Should you wish to receive Company news via email, please email [e-mail] and specify "Sultan Minerals News" in the subject line or contact the Company directly.

This news 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 production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects 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 those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com.

SEC 12g3-2(b): 82-4741

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein.


Contact:

Marc Lee
Sultan Minerals Inc.
Investor & Corporate Communications
[phone] or Toll Free: 1-888-267-1400
[phone] (FAX)
Email: [e-mail] / [e-mail]
Website: www.sultanminerals.com

Linda Armstrong
CHF Investor Relations
Vice President
[phone], Ext. 229
Email: [e-mail]

Source: Sultan Minerals Inc.

[Lone Clone]

Molybdenum’s diversity keeps demand firm

http://metalsplace.com/news/?a=12761

James Finch submits: If one believes the forecasts recently made by Terry Adams of UK-based Adams Metals and the Albemarle Corporation (ALB), then the escalating demand for molybdenum products could impact the stainless steel business of POSCO (PKX). The Korean-based steelmaker, with about 6.5 percent of sales coming from stainless steel, is the world’s fourth or fifth largest, depending upon production or market capitalization.

According to the company’s 2006 annual report, POSCO exports more than 70 percent of its steel products across Asia, mainly to China, Japan and southeastern Asia. In response to record high nickel prices, the steelmaker announced it would begin manufacturing nickel-free stainless steels. So did European steelmakers ThyssenKrupp and Outokumpu, which has heavily relied on its austenitic products.

Would a sustained rally in the moly price result in the same backlash nickel recently suffered? Unfortunately for steelmakers, molybdenum has a broader range of applications than nickel.

At a recent industry conference, Terry Adams shocked his audience by warning of potential supply/demand imbalances commencing as early as 2011. He believes by 2015, the molybdenum price could get ‘interesting.’

But, this wasn’t the first sign of brewing trouble for molybdenum buyers. In early May, one trader told American Metal Market magazine, “We just don’t have any supply available.” He lamented that primary moly producers, also known as swing producers, have ‘nothing to sell right now.’

On June 18th, China is expected to announce the export quotas for molybdenum products it has assigned to a limited number of exporters. Potential labor disputes at copper mines in Mexico and Chile could further reduce available molybdenum supply later in June. A Chilean labor spokesman warned of a ‘hard and prolonged strike.’ Molybdenum mined as a byproduct of copper production accounts for about 60 percent of the global supply.

At this pace, molybdenum pricing could be severely impacted as early as this summer. By next year, if primary molybdenum production doesn’t quickly rise to meet the demand, the pricing climate could worsen for end-users. Some traders believe moly prices could soon creep above previous price peaks two years ago. “Things are going to get a lot firmer because there’s a lack of material,” one trader reported earlier this week. “There’s not a lot on the ground.”

According to different down-the-road forecasts, the magic demand number is 460 million pounds of molybdenum. Adams predicts that projected western world demand could reach this consumption by 2015. Others believe strong moly demand could bring this target consumption a few years earlier.

Another concern is one we highlighted in a previous article when USGS molybdenum commodity specialist Michael Magyar warned of a bottleneck, “… we can’t roast much more moly right now. No one is actively permitting for more roasting capacity in North America.

Additional roasting capacity is, however, coming online this year or next, courtesy of Molymet. Adams points out, “With the growth in demand a new roaster, the size of the new Molymet roaster is needed every two years.” Adams further explained, “Without further investment a roaster bottleneck could occur in 2011. Molymet plans another roaster about this time, but this would only allow another two years growth.”

In his presentation, Adams glimpsed in the future. While western world demand should continue to annually increase by three percent, demand in China and the C.I.S. could increase by more than 10 percent every year. “The combined global effect would be an annual growth rate of about 4.5 percent,” he predicted. “Western mines will have to increase production !
by at least 6 percent per annum.”

As we and others have concluded, Adams forecast, “Increased output at primary (moly) mines will be needed to fill the gap beyond 2009.”

We presume delegates from the junior molybdenum mining attendees mentally began popping champagne corks after Adams announced this point. But it was his next two points which investors should digest:

• New or shuttered primary mines will have to open by 2011
• By 2013, current primary mines and Climax could be at capacity
High-Level Growth in the Molybdenum Chemical Market

Having researched molybdenum for more than one year, only recently did a couple of technical experts help us understand how much molybdenum is utilized in the condenser tubes of nuclear and desalination plants. Because of the diversified applications for this metal, there is less reliable information about the molybdenum sector than in others we’ve explored, e.g. uranium.

We continue to gather data for our next publication, Investing in the Great Molybdenum Bull Market, and will present our detailed research in late August.

We have discovered two strong-growth areas for molybdenum applications.

It’s not just the steel market which uses molybdenum. Although the stainless and low alloy markets represent about two-thirds of molybdenum usage, the fastest growing market appears to be catalysts in the moly chemical market.

According to a spokesman for the Albemarle Corporation, moly consumption in the catalyst section could grow by more than 30 percent by 2011. The chemical sector could consume as much as 30 million more pounds in the 2006 to 2011 time period.

The global catalyst market is expected to reach US$13 billion in sales this year. Of this the petroleum refining sector should consume about 35 million pounds of molybdenum. The moly is used as a hydroprocessing [HPC] catalyst.

Growing global demand for crude oil, changing fuel specifications and strength in demand for aviation and diesel fuel should contribute to molybdenum demand.

Because the overall quality of crude oil has significantly deteriorated, over the past 25 years, more molybdenum could be consumed as a catalyst during the refinery process. Sulfur content in U.S.-imported oil has doubled over this same time period. Molybdenum-based catalysts are utilized to remove sulfur from petroleum, petrochemicals and coal-derived liquids.

Tighter specs over the past 15 years have demanded a higher performing catalyst and more contained molybdenum in those catalysts. Over this time frame, catalyst demand per barrel of crude oil has doubled – an average growth rate of five percent per year.

One industry expert expects global HPC catalyst growth to annually increase by eight percent between 2006 and 2010. Molybdenum consumption for this use could increase by 46 percent through 2010. Annual consumption could rise to more than 60 million pounds of molybdenum.
Lack of New Primary Mining Supply

The typical molybdenum concentrates being sold by the copper producers, as byproduct mining, contain 40 – 45 percent Mo. Concentrates from primary producers often average 50 – 55 percent.

As a result, primary molybdenum mining operations offer a more desirable concentrate. Technical moly, also known Mo03 (molybdenum trioxide) specifies 57 percent Mo and contains less than 0.05 percent copper and 0.1 percent sulfur. Primary molybdenum producers provide concentrates with lesser amounts of deleterious elements.

Because the concentrate is ‘cleaner,’ less roasting is required to upgrade the material to tech oxide spec. Less electricity is expended to power the multi-hearth furnaces during the roasting process. The cleaner primary moly concentrate offers the roaster more flexibility. The higher spec concentrates can be blended with lower spec concentrates to upgrade the overall product, or the roaster can refine the higher spec material separately if the end-user requires it.

The less roasting to bring material up to spec could also help avoid the bottlenecks a few years from now.

Although byproduct molybdenum producers are expected to bear the brunt of increased demand, the copper producers aren’t cooperating. Codelco’s molybdenum production dropped by 25 percent in 2006 to 60 million pounds this past year. Moly production could drop another 15 percent or more this year.

Because of the recent molybdenum price revival, dozens of exploration companies have ‘suddenly’ become molybdenum companies. There are scarce few with a potentially viable project.

Those primary molybdenum producers and future producers we’ve been monitoring appear to be moving their projects forward.

Thompson Creek is Thompson Creek. This has emerged as the ‘primary’ primary player in North America while the world waits for Climax to come online again. Some believe the company’s Davidson moly deposit in British Columbia may not arrive on the company’s timetable. If so, then this could further pressure the moly price.

Roca Mines (ROCAF.PK) should become a producer during July. But, this company also hopes to expand its operations deeper and should also commence those exploration efforts this summer. In the interim, the high-grade molybdenum found at the company’s MAX mine should become a cash cow in the third and fourth quarters of this year. And for several years forward. Although the company is not yet in production, there appears to be no scarcity of molybdenum traders clamoring for the company’s future production. Another indication of a tight market.

Last month, Adanac Molybdenum Corp (AUAYF.PK) ordered its long-lead time equipment for the construction of its mining and milling complex at Ruby Creek. Expenditures totaled nearly C$40 million, for which the company has made its down payments. Also, some time this summer, Adanac should finally receive its permits and commence construction. While the company boasts of 220 million pounds of molybdenum, a recent chat with Adanac consultant Ken Reser suggests Ruby Creek have more pounds than was previously thought. Ongoing drilling results could later confirm this speculation.

We continue to watch United Bolero (UBDVF.PK) as a promising development company in Montana. We were told drilling at Bald Butte began over the weekend to upgrade the resource category. Hopefully, the drilling program will also move to its nearby Cannivan Gulch property. Historically, but not technically documented, major miners, who worked these properties in the previous moly cycle, estimated the company’s properties could host more than 400 million pounds of molybdenum.

Primary producers, such as these and possibly others, is what molybdenum end-users are depending upon to meet their needs as we approach 2009, 2010 and beyond.

Over the course of this summer, we’ll further study other potential near-term producers, such as Moly Mines and others.
Conclusion

Many in the industry have warned us about the potential increase of ‘moly dumping’ by the Chinese. Historically, China has helped chill out molybdenum prices in the past. According to Adams, as noted earlier in this article, China could become less of a factor.

Fundamentally, this should not be a concern. Typically, a country is indirectly focused on the background of its leading politician. In China’s case, the eight members of the Politburo Standing Committee – China’s most powerful politicians are all engineers. All are graduates of engineering or technology schools.

China’s president was trained as a hydraulics engineer. The premier is a geologist, who also has a degree as a mining engineer. The former vice-premier was trained as an electrical engineer, as was the ‘propaganda’ chief. The Secretary of Political and Legislative Affairs was trained as a metallurgist. Others hold degrees in thermal engineering, radio electronics or electronic motor design.

Engineers like to build things. China has embarked on the greatest industrialization period in history, dwarfing the construction of infrastructure of the late 19th century in Europe and North America. Because molybdenum’s applications include architecture, energy, petroleum refinement, coal conversion, chemicals and other industrial applications, we would not be surprised if China soon announces the ‘strategic’ importance of molybdenum (as it has uranium) and stops all exports.

Molybdenum also plays a strong role in numerous and diverse military applications. Globally, military spending reached $1.2 trillion last year. In 2006, China surpassed Japan as the largest military spender in Asia. The U.S. Pentagon estimates China could be spending up to US$125 billion this year. At least ten varieties of ballistic missiles are deployed or in development. Our preliminary research into this subject confirms the large percentage amount of molybdenum utilized in missiles. In some applications, the moly content is greater than 20 percent.

In summary, every time we delve into a new area to investigate demand for the molybdenum application, we find growth. Strong demand could surprise many stock and industry analysts over the next decade. In the meanwhile, more primary molybdenum producers need to come forward. Unlike some, we don’t believe the molybdenum story has yet been fully revealed. This summer, we hope to make the molybdenum market more transparent – both on the demand side and the supply side.

[Lone Clone]

Silvercorp Reports on the Mac Molybdenum Property, BC, Canada and the Ying Molybdenum Property, Henan, China
Monday June 18, 5:37 pm ET

http://biz.yahoo.com/iw/070618/0267805.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 18, 2007 -- Silvercorp Metals Inc. (the "Silvercorp") (Toronto:SVM.TO - News) reports on the status of its 100% owned Mac Molybdenum Property, located in British Columbia, Canada and the Ying Molybdenum Project, located in Henan Province, China.

Mac Property

The Mac property covers 500 hectares and is located approximately 43 kilometres (km) southeast of the Bell and Granisle past producing porphyry mines, and the town of Granisle in BC, where development logistics are located. The Mac property is directly accessible by a 35 km forestry road from the paved highway to Granisle. The topography in the area is moderate, with elevations ranging from 900 to 1,500 metres (m). The property is in an area with a long history of mining, free of any issues related to parks, the environment or native.

The Mac prospect was originally discovered in 1982 by Rio Algom Exploration Inc. An extensive surface exploration program was conducted in 1983 and 1984 which resulted in the discovery of the porphyry system and three mineralized zones. In 1989, 12 diamond drill holes (totaling 1,488m) outlined the molybdenum/copper mineralization within the Camp Zone. Silvercorp (then known as Spokane Resources Ltd.) acquired the property in the spring of 1995, and by 1997 had completed a total of 49 drill holes averaging 220m per hole - total 10,818m - and 62 km of geophysics and geochemical survey. Based on a technical report published by Dr. P.E. Fox (P. Eng.) for Silvercorp in 1997, the work outlined a mineralization zone some 700m by 500m consisting of two lobes or contact zones linked by an porphyry body hosting a molybdenite stockwork. The drill results have been in the public domain since 1997 and were filed with the TSX Venture Exchange and related government authorities. The reports predate NI 43-101, however they are believed to be reliable. The significant drill results from the technical report include:

 
 ----------------------------------------------- 
 Drill                    Intercept   MoS2    Cu 
 hole   Zone                     (m)    (%)   (%) 
 ----------------------------------------------- 
 89-11  East Contact Zone      50.0  0.225 0.190 
 ----------------------------------------------- 
 95-14  East Contact Zone      66.0  0.110 0.094 
 ----------------------------------------------- 
 96-27  East Contact Zone     165.8  0.203 0.214 
        ---------------------------------------- 
        Including              96.0  0.308 0.256 
 ----------------------------------------------- 
 95-15  East Contact Zone     196.3  0.125 0.172 
        ---------------------------------------- 
        Including              79.0  0.217 0.256 
 ----------------------------------------------- 
 96-24  East Contact Zone     200.0  0.135 0.221 
        ---------------------------------------- 
        Including              78.0  0.226 0.378 
 ----------------------------------------------- 
 89-3   East Contact Zone      54.0  0.117 0.040 
 ----------------------------------------------- 
 89-4   East Contact Zone     128.3  0.143 0.160 
 ----------------------------------------------- 
 96-25  East Contact Zone      96.0  0.168 0.130 
 ----------------------------------------------- 
 96-25  East Contact Zone      41.9  0.090 0.314 
 ----------------------------------------------- 
 89-1   Prophyry               70.5  0.073 0.050 
 ----------------------------------------------- 
 89-3   Prophyry               54.0  0.070 0.040 
 ----------------------------------------------- 
 89-9   Prophyry              105.2  0.045     - 
 ----------------------------------------------- 
 89-10  Prophyry               51.0  0.095 0.060 
 ----------------------------------------------- 
 96-31  West Contact Zone      18.0  0.106 0.093 
 ----------------------------------------------- 
 96-31  West Contact Zone      52.0  0.116 0.111 
 ----------------------------------------------- 
 89-2   West Contact Zone      47.6  0.098 0.090 
 ----------------------------------------------- 
 96-30  West Contact Zone     117.9  0.130 0.093 
        ---------------------------------------- 
        Including              80.0  0.190 0.141 
 ----------------------------------------------- 
 96-29  West Contact Zone      96.0  0.133 0.072 
        ---------------------------------------- 
        Including              56.0  0.172 0.074 
 ----------------------------------------------- 
 95-16  West Contact Zone      93.0  0.220 0.122 
        ---------------------------------------- 
        Including              73.0  0.252 0.139 
 ----------------------------------------------- 
 96-34  West Contact Zone      90.0  0.118 0.106 
 ----------------------------------------------- 
 89-12  West Contact Zone     221.9  0.155 0.120 
        ---------------------------------------- 
        Including              72.2  0.335 0.210 
 ----------------------------------------------- 
 95-17  West Contact Zone      91.7  0.125 0.090 
        ---------------------------------------- 
        Including              39.0  0.215 0.132 
 ----------------------------------------------- 
 89-5   West Contact Zone      12.0  0.175 0.040 
 ----------------------------------------------- 
 89-2   West Contact Zone      47.6  0.059 0.090 
 ----------------------------------------------- 
 

The preliminary metallurgical study carried out by Lakefields in 1997 indicated a recovery rate of 71% for copper and 78% for molybdenum. Based on a preliminary scoping study report by Fluor Daniels Wright (1998), the potential strip ratio of 1.5:1 is assumed for open pit mining.

As Silvercorp is focused on exploring and developing silver related properties in China, Silvercorp intends to maximize shareholders value by optioning or selling the Mac Molybdenum Property.

Ying Molybdenum Project, Henan, China

On April 12, Silvercorp announced that it had commenced drilling the NPG Molybdenum Project ("Ying Moly Project") located within the Ying Silver Mining Permit area. Legal advice was subsequently received that the Ministry of Land and Resources and the National Development and Reform Commission of China recently issued a policy prohibiting the granting of land usage title to any new development of molybdenum and tungsten mines in China. As a result Silvercorp has decided to stop the program at the Ying Moly Project, so that it can focus its drill rigs and technical staff on silver exploration and development.

Myles Gao, P.Geo, is the Qualified Person on the project.

About Silvercorp Metals Inc.

Silvercorp Metals Inc. is an exploration and development stage company, which along with its subsidiary companies and joint ventures (collectively the "Company"), is engaged in the acquisition, exploration, development, and mining of precious and base metal mineral properties in the People's Republic of China. Currently, the Company's main mining operations are in Henan Province at the Ying Silver-Lead-Zinc mine and the Hou-Ping Gou Silver-Gold-Lead-Zinc mine, owned through 77.5% and 70% Chinese subsidiary companies, respectively. The Company is a reporting issuer in British Columbia, Alberta, Ontario, Nova Scotia, New Brunswick, Manitoba, and Saskatchewan and trades on the TSX under the symbol "SVM".

Standard & Poors Canadian Index operations added the Company's common shares to the S&P/TSX Composite Index and the S&P/TSX Global Gold Index (formerly the S&P/TSX Capped Gold Index), effective December 18, 2006. In addition, effective June 12, 2007, Standard & Poor's Canadian index operations added Silvercorp Metals Inc. as a constituent for the new S&P/TSX Global Mining Index.

CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration, development, and mining. Production and revenue projections are based not on mineral reserves but on mineral resources which do not have demonstrated economic viability. As a result, actual results may vary materially from those described in the forward-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbour.


Contact:

Contacts:
Silvercorp Metals Inc.
Rui Feng
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.silvercorp.ca


Source: Silvercorp Metals Inc.

[Lone Clone]

TTM Resources Inc.: Phase 2 Drilling Program Continues to Return High Grade Molybdenum Values on CHU Project, B.C.
Monday June 18, 10:25 am ET

http://biz.yahoo.com/iw/070618/0267502.html

INITIAL HOLE ADDS 85.4 METERS OF .O81 MO AND ADDITIONAL INTERSECTS OF .103% MO OVER 14.6 METRES AND .090% MO OVER 15 METRES

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 18, 2007 -- W. K. Crichy Clarke, President and CEO of TTM Resources Inc. (CDNX:TTQ.V - News) (Frankfurt:T2U.F - News) ("TTM" or the "Company") is pleased to announce molybdenum assay results for the first hole in the Company's Phase 2 drilling Program at its 100% owned Chu Molybdenum Project near Vanderhoof, British Columbia, Canada. The current results continue to demonstrate the extent of the molybdenum-rich mineralized zone known from historical drilling in the late 1970s and early 1980s. . The Company is undertaking an extensive drill and IP program to further delineate and compliment the previously reported 13 drill hole Phase 1 Program drilled winter/spring 2007.

ADVERTISEMENT

The Company has recently received full approval from the Minister of Energy and Mines and the Minister of Forestry for an extensive 31 hole program. The project will include a ground IP survey which is currently underway. To date, the Company has completed Holes 14, 15, and 16. Hole 14 is reported below and Hole 15 and 16 are in for assays. Results are expected for hole 15 over the next 10 days and shareholders will be apprised of those results as they are received. The program had to be selective on the first holes drilled as the program was commenced during spring break-up and some areas of the property were unreachable due to saturated and muddy conditions. Until Regulatory approvals were received, only existing drill locations could be utilized. Now that all permits are in place and ground conditions are more favourable, new and more exploratory targets will be selected.

Results of CH-07-014:

CH-07-14 was drilled to better delineate the south-east extension of the Chu project. This hole was drilled to a depth of 570.9 meters at an azimuth of 140 and a 70 degree dip and was drilled from the same set-up as (Phase I) CH-06-13 to test the stratigraphic constraints and the boundaries of the deposit. CH-07-14 encountered significant molybdenum grades from the top of the hole through to approximately 292 meters in depth with grades decreasing nearing the bottom of the hole, primarily due to the increase and frequency, of later, barren dikes. This hole is interpreted as continuing the higher grade molybdenum mineralized zone at CHU by an additional 100 meters along strike to the southeast. Highlights of CH-07-014 are listed below.

 
 --------------------------------------------------------------------------- 
 HOLE 
 CH-07-14        Depth From (m)    Depth To (m)     Interval (m)        Mo% 
 --------------------------------------------------------------------------- 
 from                      6.1            20.7             14.6        .103 
 --------------------------------------------------------------------------- 
 from                     87.7           173.1             85.4        .081 
 --------------------------------------------------------------------------- 
  including              148.7           173.1             24.4        .097 
 --------------------------------------------------------------------------- 
 from                    191.4           206.4             15.0        .090 
 --------------------------------------------------------------------------- 
 Notes: All values are molybdenum not molybdenite. Copper is present in an 
 approximately 1:1 ratio with Mo, but seldom exceeds 0.10%. This hole was 
 drilled to test strike continuity and no determination of true widths can 
 be made. 
 

Hole #15 was drilled from the original Chu-07-01 set up and was drilled to close the 350 meter gap in depth that Chu-01 established. The hole was stopped in mineralization due to length and depth constraints of the drill rig. Hole #16 was drilled from the original Chu-06-12. Chu-06-012 was drilled at 60 degrees and Chu-07-16 was drilled at 45 degrees. It was also stopped in mineralization due to length and depth constraints. Hole # 17 is currently being drilled from a new set up between Hole Chu-06-10 and Chu-06-12 to investigate the 250 meter gap between those holes. The Company has asked Falcon Drilling for a deep drilling capable rig to attempt to establish depth to the deposit. It is anticipated that this drill will be available this summer and 3-4 holes will be drilled in an effort to establish the depth boundaries of the deposit.

The Company is also pleased to announce the new Management team at the Chu is led by Hungry Hill Geological Ltd of Telkwa, BC. The Company would like to thank Allnorth, the previous operator, for their service and guidance on Phase 1. Hungry Hill have arranged for the purchase and installation of a permanent camp approximately 5 kilometers from our property. The camp will host up to 20 people and was fully equipped with kitchen and dry facilities. The camp has been winterized and will be the permanent home for the program consultants and employees throughout the length of our ongoing program.

The Company is excited about its plans and looks forward to continuing its relationship with Hungry Hill and Falcon Drilling Ltd. of Prince George BC. We will continue to keep our shareholders apprised of our progress and thank them for their support and patience through the most recent Spring break up and administrative transition.

The CHU project is located in central British Columbia and is situated close to power, paved highway and rail. The operating Endako Molybdenum Mine, 75% owned by Thompson Creek Metals Co Inc. is situated approximately 75 km to the northwest. The nearest city Vanderhoof located 75 kilometers northeast of the property. The Chu property consists of 11 mineral claims over an area totaling 8410 acres. The area has been ravaged by the Mountain Pine Beetle and most of the stands of Pine on the property have been affected. No major permitting or environmental obstacles can be seen to restrict an ongoing operation in this area.

Analyses of samples from the current program are complered at Eco-Tech Laboratories in Kamloops, BC. Quoted intercepts are based on analytical analyses for copper and molybdenum. Full assays for molybdenum were run on any molybdenum analyses that exceeded 500ppm. The Company has in place a comprehensive quality assurance/quality control program including standards, blanks and duplicate samples that form part of the sampling protocol. In addition the laboratory has its own quality assurance program. The field program is supervised by Richard Beck, BSc.Geology. and Anastasia Ledwon, BSc Geology. of Hungry Hill Geological Ltd. of Telkwa BC. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. The technical information provided in this press release was reviewed by Charles Ikona (P.Eng.), a qualified person for the purposes of NI 43-101.

About TTM Resources Inc.

TTM Resources Inc. is an exploration company focused on the development of the Chu molybdenum project and has several other molybdenum properties in British Columbia, Canada.

For further information visit the Company's web site at www.ttmresources.ca.



TTM RESOURCES INC.

W.K. Crichy Clarke, President & CEO

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Contacts:
TTM Resources Inc.
W.K. Crichy Clarke
President & CEO
[phone] or Toll Free: 1-888-685-5851

TTM Resources Inc.
Tom Brady
[phone] or Toll Free: 1-888-685-5851
[phone] (FAX)
Email: [e-mail]
Website: http://www.ttmresources.ca

Small Cap Invest Ltd - Europe
Alexander Friedrich
49 (0) 69-24 24 93 49
49 (0) 12 12 544 71 04 62 (FAX)
Email: [e-mail]


Source: TTM Resources Inc.

[Lone Clone]

Spot moly oxide prices fell slightly in Europe last week.

Western FeMo sales were booked at $75-76 per kg. Chinese suppliers, meanwhile, seemed to be eager sellers. Traders said that they were able to purchase Chinese FeMo at $71-73 per kg as opposed to $75 the previous week. Traders doubt that there is much Chinese FeMo overhanging the market, however.

A European mill reportedly bought two trucks of moly oxide briquettes at $32.80 per lb, and other European consumers were convinced that they could buy drummed oxide at $32.50. In the US, there were a few inquiries for FeMo and oxide, which were expected to be awarded to producers, even though many producers report that they are unable to quote on spot businesses.

Inter-merchant FeMo sales were booked at $36.25- 36.50 per lb. An oxide sale was reported at $36.25 and an intermerchant sale reported was done at $32.75. The market is consolidating, traders said, but some are expecting a big price surge when the Chinese quotas (see below) take effect. "There are reports that Chinese producers plan to cut production," said a trader. "If this takes place, prices will zoom upward. Without China, there simply isn't enough material."

Chinese authorities are expected to impose export quotas on moly and indium on June 18. The quota quantities still have not been announced. Most sources expect moly exports to be limited to 80-90% of exports in 2006. Companies that have sold moly for shipment from China after June 18 reportedly have been issued licenses and been told that the export quantities will be applied to the quota numbers. In addition, there are reports that the government list of approved exporters could be revised. Some companies are believed to have complained about not being listed, especially as they are affiliated with companies that are approved to export.

[Tackler]

BCM Resources drills 17.34 m of 0.189% Mo at Shan

2007-06-14 23:21 MT - News Release

Mr. Dale McClanaghan reports

BCM RESOURCES CORPORATION: ADDITIONAL RESULTS FROM HOLE 27 YIELD HIGH-GRADE INTERVAL OF 0.189% MOLYBDENUM OVER 17.34M

BCM Resources Corp.'s additional assay results have identified a high-grade molybdenum interval at the bottom of hole 27 (from 407.25 metres to 424.59 metres) of the Shan drill program. The hole was terminated in high-grade ore.

Hole 27 ended in what appears to be mineralization of a pre-ore fault zone. The highly mineralized nature of the fault zone was not recognized at the time due to abundant grey fault gouge and brecciation.

The table, "Table of intercepts," details the significant higher-grade intercepts in hole 27.

 
                       TABLE OF INTERCEPTS 
  
 Hole               From          To   Width (m)       Grade  
                                                      (%) Mo 
  
 LM027(i)          111.8       302.4      190.6        0.103 
 including         111.8       217.5      105.7        0.119 
 including         190.6       217.5      26.87        0.168 
 including         268.8       272.3       3.45        0.247 
 including         288.0       302.4       14.5        0.362 
 New interval      407.3       424.6       17.3        0.189 
 

(i) Previously reported

All assays reported in this release were carried out at Acme Analytical Laboratories in Vancouver, B.C. Standards, blanks and duplicate samples were systematically submitted to the lab for QA/QC.

Qualified person

Daryl Hanson, PEng, a qualified person as defined in National Instrument 43-01, has reviewed the technical content of the drill program and previously reported results but not this news release.

[Lone Clone]

Erdene's Step-out Drilling Triples Size of Molybdenum Discovery at Zuun Mod
Thursday June 14, 9:34 am ET

http://biz.yahoo.com/ccn/070614/200706140396967001.html?.v=1

Reports most significant molybdenum mineralization results to date; 198m of 0.05% Mo from 18m depth including 80m of 0.07% Mo from 46m

HALIFAX, NOVA SCOTIA--(CCNMatthews - June 14, 2007) - Erdene Gold Inc. (TSX:ERD - News) announced today that it has completed the planned Phase I drilling program at its wholly owned Zuun Mod molybdenum project in Mongolia. Results received from drill holes ZMD-28 and ZMD-29 confirm that the molybdenum mineralization previously demonstrated to be up to 380 metres thick (ZMD-13, 0.05% Mo) in the Racetrack Zone continues over a minimum strike length of 1.4 kilometres and comes to within 18 metres of surface. This effectively triples the previous known extent of this zone and suggests possible continuity along the entire 3.2 kilometre long South Corridor of the Zuun Mod porphyry complex.

"The significant extension of strike length, locally high molybdenum grades, wide intersections and molybdenum mineralization coming much closer to surface are very exciting developments for the Zuun Mod project, greatly enhancing the economic and resource potential," said Peter Akerley, President and CEO. "With the pending development of major metal and energy projects across Mongolia's Gobi region, Zuun Mod is well located to benefit from the associated infrastructure and service build-up as well as its proximity to China's processing centres and molybdenum markets."

Phase I Results

The Phase I drilling program included 17 core holes totaling 4,074 metres predominantly located on a 200-metre spaced grid; 12 holes within the Racetrack Zone, two holes in the Stockwork Zone and three in the Intersection Zone (see map and core photos at www.erdene.com). To date, analytical results from five of the Racetrack Zone holes have been received from SGS laboratory. Results for these five holes are included in the table below. Additional results for the other drill holes will be provided once they are received.

Highlights of Racetrack Zone drilling

Two holes, ZMD-28 and ZMD-29 have demonstrated that significant molybdenum mineralization in the Racetrack Zone extends an additional 1000 metres (500 metres in both the northeast and southwest directions) indicating a minimum 1.4 -kilometre strike length Hole ZMD-29 returned the shallowest mineralization discovered to date which commenced at 18 metres and averaged 0.05% Mo to 216 metres, a 198 metre interval Hole ZMD-29 included the widest high-grade molybdenum intersection reported to date, 30 metres (82 metres to 112metres) of 0.10% Mo The two holes returned multiple intersections of greater than 0.07% Mo up to 80 metres thick The significant molybdenum mineralization identified in hole ZMD-29 remains open to the northeast Phase I drilling demonstrates that molybdenum mineralization remains open to the southwest and continues under andesite porphyry cover to the west opening significant additional strike length potential

The following table includes results from the five holes in the Racetrack Zone that averaged greater than or equal to 0.04% Mo over a minimum of 10 metres.

 
 --------------------------------------------------------------------- 
 Hole #                             From      To      Metres      % Mo 
 --------------------------------------------------------------------- 
 ZMD-18                              108     286(i)      178      0.04 
 --------------------------------------------------------------------- 
 Including                           122     276         154      0.05 
 --------------------------------------------------------------------- 
 Including                           118     128          10      0.08 
 --------------------------------------------------------------------- 
 Including                           202     260          58      0.06 
 --------------------------------------------------------------------- 
 ZMD-20                               34     252(i)      218      0.04 
 --------------------------------------------------------------------- 
 Including                            34      78          44      0.05 
 --------------------------------------------------------------------- 
 Including                           194     252          58      0.05 
 --------------------------------------------------------------------- 
 ZMD-26                              208     250(i)       42      0.04 
 --------------------------------------------------------------------- 
 ZMD-28                               52     249(i)      197      0.04 
 --------------------------------------------------------------------- 
 Including                            52     202         150      0.05 
 --------------------------------------------------------------------- 
 Including                            80      96          16      0.07 
 --------------------------------------------------------------------- 
 Including                           156     198          42      0.07 
 --------------------------------------------------------------------- 
 Including                           188     198          10      0.09 
 --------------------------------------------------------------------- 
 ZMD-29                               18     249(i)      231      0.04 
 --------------------------------------------------------------------- 
 Including                            18     216         198      0.05 
 --------------------------------------------------------------------- 
 Including                            46     126          80      0.07 
 --------------------------------------------------------------------- 
 Including                            82     112          30      0.10 
 --------------------------------------------------------------------- 
 (i) end of hole 
 

Zuun Mod Porphyry Complex

The Racetrack Zone is one of three mineralized zones outlined within the southeastern portion of the Zuun Mod porphyry complex. This area, known as the South Corridor, is defined by northeast trending faults along which granodiorite has intruded quartz monzonite, syenite and andesite porphyry. The South Corridor is part of an alteration zone, 5 kilometres in diameter, characterized by phyllic and tourmaline alteration, localized quartz flooding and veining, and surface molybdenum and copper geochemical soil and rock anomalies. Molybdenum mineralization within the South Corridor has been traced through drilling over a 3.2 -kilometre strike length and remains open.

Next Phase of Drilling

In response to the very encouraging results from this drilling program the Company has decided to significantly expand the Phase I (200 metre spaced) drilling program. This program will ensure full coverage of the enlarged mineralized area that remains open both to the northeast and southwest and is potentially continuous over a 3.2 kilometre strike length. The expanded Phase I drilling program will resume at Zuun Mod upon completion of our Biger Project drilling anticipated in late June. A Phase II program will be designed on completion of the expanded Phase I program. The overall objective is to define a resource estimate based on 100 metre spaced drill holes to a depth of approximately 350 metres. The goal is to identify a minimum of 250 million tonnes with an average grade greater than or equal to 0.05% Mo.

Qualified Person

This press release has been prepared under the supervision of J. C. (Chris) Cowan, P.Eng., who serves as the qualified person under National Instrument 43-101. All samples have been assayed at SGS Laboratory in Ulaanbaatar. In addition to internal checks by SGS Laboratory, the company incorporates a QA/QC sample protocol utilizing prepared standards, sample splits and duplicates.

About Erdene Gold Inc.

Erdene is a diversified mineral company with exploration properties focused on high-growth commodities and near-production assets. The company has a strong portfolio of exploration properties in Mongolia focused on base metals (copper and molybdenum), precious metals (gold and palladium) and energy (coal and uranium). Erdene has strategic alliances with Xstrata Coal to develop its coal properties in Mongolia. Xstrata Coal is a significant Erdene shareholder with a 4% ownership of the company's common shares and has representation on its board of directors. In addition, Erdene has near-term cash flow opportunities in its North American assets, which includes its 25% interest in the Donkin Coal Alliance in Nova Scotia with Xstrata Coal Donkin Limited and agreements with J.M. Huber Corporation and Rinker Materials as operators and developers in the southeast U.S. for its kaolin clay and aggregate projects respectively. Erdene has current cash and equivalent position of approximately $14 million with 65,631,565 common shares issued and outstanding and a fully diluted share position of 75,330,852.

Forward-Looking Statements

Certain information regarding Erdene contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Erdene believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Erdene cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Erdene currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.


Contact:

Peter C. Akerley, President and CEO
Erdene Gold Inc.
Ken W. MacDonald, Vice-President North America and CFO
902-423-6419
[e-mail]
www.erdene.com

Source: Erdene Gold Inc.

[Lone Clone]

Netherleigh Park shows promise for molybdenum, cobalt

Re-assaying of pulps at Netherleigh Park prospect, South Australia, has identified significant polymetallic mineralisation associated with the copper mineralisation.

Hillgrove Resources (ASX:HGO) said the mineralisation has grades of up to 0.1pc molybdenum and 0.03pc cobalt plus uranium in a mineralised zone 1.25kms long and 1km wide.

The best intercepts include 38m at 0.7pc copper and 24m at 145.6 grams pe rtonne cobalt, 1m at 1053g/t molybdenum, 6m at 286.32g/t cobalt and 8m at 264.4ppm molybdenum, 39m at 0.63pc copper and 40m at 150.1g/t cobalt, 30m at 0.46pc copper, 11m at 208.43g/t molybdenum and 3m at 230g/t uranium and 1m at 359.73g/t uranium.

"Molybdenum and cobalt prices are both around $US30 per lb which is some ten times that of copper with both metals experiencing high demand," managing director David Archer said.

"This suggests that they can provide valuable credits to any potential copper production from Alford." Hillgrove shares were up 5.5c to 53c.

[Lone Clone]

Emgold to drill Molybdenum and Gold Properties in British Columbia
Tuesday June 12, 9:30 am ET

http://biz.yahoo.com/cnw/070612/emgold_to_drill_in_bc.html?.v=1

TSX Venture Exchange: EMR OTC Bulletin Board: EGMCF U.S. 20-F Registration: 000-51411 Frankfurt Stock Exchange: EML
VANCOUVER, June 12 /CNW/ - Emgold Mining Corporation ("Emgold") is pleased to announce that it has contracted Aggressive Diamond Drilling Ltd. to conduct 2,400 metres of drilling on its Stewart/Jazz Molybdenum and Gold Property and the Rozan Gold Property, located in southeastern British Columbia.

The main focus of the exploration project on the Stewart/Jazz Property is to test an area that was previously explored and drilled by Shell Minerals and Selco Inc. in the early 1980's. The exploration programs conducted by these companies outlined three breccia phases that contain significant molybdenum mineralization. In 1980 Shell's best drill intercept was 57 metres grading 0.46% MoS(2) (BC Ministry of Energy and Mines Assessment Report No. 10072). A total of 16 additional holes were drilled in 1981 by Shell and in 1983 by Selco. Their results were summarized in the BC Ministry of Energy and Mines Minfile No. 082FSW229 Report which states that "the (Phase II) breccia zone contains 204,000 tonnes of 0.37% MoS(2)." Reports by Selco indicated the potential for a porphyry style molybdenum deposit adjacent to this Phase II breccia zone (BC Ministry of Energy and Mines Assessment Report No. 12251). The historic resource calculation reported here is not NI 43-101 compliant and must not be relied upon for investment purposes.

In late 2005, Emgold conducted a 500 metre diamond drill program to test the historic drill results as part of a due diligence program. Due to the favourable results from Emgold's drill program, additional drilling to expand the Stewart Moly mineralized area is planned. MoS(2) results of significance from Emgold's drill program are tabulated below:

 
 	    DRILL HOLE        FROM           TO            WIDTH          MoS(2) 
 	    NO.             (metres)      (metres)       (metres)          (%) 
 	    ------------------------------------------------------------------------- 
 	    ------------------------------------------------------------------------- 
 	    05SM-01           1.00         138.70         137.70          0.051 
 	    ------------------------------------------------------------------------- 
 	     Including       46.70         107.10          60.40          0.110 
 	    ------------------------------------------------------------------------- 
 	     Including       59.10          62.30           3.20          0.449 
 	    ------------------------------------------------------------------------- 
  
 	    ------------------------------------------------------------------------- 
 	    05SM-02           0.00          92.35          92.35          0.059 
 	    ------------------------------------------------------------------------- 
 	     Including        0.00          26.30          26.30          0.130 
 	    ------------------------------------------------------------------------- 
 	     Including        0.00          16.15          16.15          0.189 
 	    ------------------------------------------------------------------------- 
  
 	    ------------------------------------------------------------------------- 
 	    05SM-03           0.00          85.65          85.65          0.041 
 	    ------------------------------------------------------------------------- 
 	     Including       66.40          83.80          17.40          0.088 
 	    ------------------------------------------------------------------------- 
 	     and             40.00          55.70          15.70          0.068 
 	    ------------------------------------------------------------------------- 
 	     and             32.65          36.88           4.23          0.067 
 	    ------------------------------------------------------------------------- 
 	     and             16.00          17.00           1.00          0.180 
 	    ------------------------------------------------------------------------- 
  
 	    ------------------------------------------------------------------------- 
 	    05SM-04           0.00          13.11          13.11          0.118 
 	    ------------------------------------------------------------------------- 
 	     Including       10.90          12.00           1.10          0.292 
 	    ------------------------------------------------------------------------- 
  
 	    ------------------------------------------------------------------------- 
 	    05SM-05           0.00          75.29          75.29          0.313 
 	    ------------------------------------------------------------------------- 
 	     Including       37.85          73.76          35.91          0.597 
 	    ------------------------------------------------------------------------- 
 	     and              0.00          20.50          20.50          0.091 
 	    ------------------------------------------------------------------------- 
 	    Note: Results above presented as MoS(2)% calculated from Mo% for 
 	    consistency with historic exploration results. 
 	

Adjacent to the Stewart Moly Zone is an area of historic tungsten mineralization contained in massive sulphides that was explored in the 1940s by Cominco Ltd. In conjunction with the molybdenum exploration, trenching and drilling will be completed on the tungsten targets. Grab samples collected by Emgold returned values of 1.23% WO(3) and 4.0% Zn from the historic trenches. These trenches exposed a 1 metre wide mineralized zone for 300 metres along strike. Historic tungsten grades along the entire strike length, reported by Cominco averaged 1.0% WO(3).

15 kilometres southwest of the Stewart/Jazz Property, Emgold also owns the Rozan Property which hosts gold mineralization. Gold on the Rozan Property is found in quartz veins, sheeted veins and stockwork zones. A small (2-hole) diamond drill program was completed on the Rozan Property by Emgold in 2000. One hole intersected the main Rozan quartz vein and returned gold assay value of 60.73 g/T over 0.25 metres. The second drill hole tested an area of sheeted "Fort Knox style" quartz veinlets and returned 1.45 g/T Au over 4.1 metres. In 2007, Emgold will follow up these prior gold drill intercepts with an additional 600 metres of diamond drilling.

Trenching is expected to commence on the Stewart/Jazz Property in late July with drilling on Stewart/Jazz and Rozan Properties to follow in August.

Mr. Perry Grunenberg, P.Geo. of PBG Geoscience is the project supervisor and "Qualified Person" for the purpose of National Instrument 43-101 who has reviewed and verified the contents of this news release.

For more information about Emgold, the Idaho-Maryland Project in Grass Valley, the Stewart, Rozan and Jazz Properties in British Columbia, please visit www.emgold.com or www.sedar.com.

On behalf of the Board of Directors,


William J. (Bill) Witte, P.Eng.
President and Chief Executive Officer


No regulatory authority has approved or disapproved the information
contained in this news release.


This news 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 production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects 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 that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.emgold.com.

For further information

Michael O'Connor, Manager, Investor Relations, Tel: [phone], Fax: [phone], Email: [e-mail]


Source: Emgold Mining Corporation

[Lone Clone]

China to introduce export quotas for indium, molybdenum
(Xinhua)
Updated: 2007-06-12 01:08

China will apply export quota and license management to two resource items - indium and molybdenum beginning from June 18, said the Ministry of Commerce and the General Administration of Customs in a joint notice on Monday.

To export indium, molybdenum and products manufactured with both items, companies need to go to local commerce departments to get the license and export quota, and they would have to present the license at the customs, according to the bulletin.

Both indium and molybdenum are unrenewable rare metals which are widely used in defense industry, aviation and space sectors, information industry and the manufacturing sector.

The country will also introduce export licenses for standard sand from June 15, according to the two departments.

[Lone Clone]

Manson Creek Intersects 41 Meters of 0.036% Molybdenum and 0.334% Copper
Tuesday June 12, 9:00 am ET

http://biz.yahoo.com/ccn/070612/200706120396404001.html?.v=1

CALGARY, ALBERTA--(CCNMatthews - June 12, 2007) - Manson Creek Resources Ltd. ('Manson Creek') (TSX VENTURE:MCK - News) is pleased to announce the assay results for the recently completed diamond drill program on its CR copper - molybdenum project, located near Houston, British Columbia.

The seven hole drill program has further defined near surface high grade mineralization including 28.5 meters of 0.607% copper, as well as outlining higher grade molybdenum zones through the complex including 41 meters of 0.036% molybdenum and 0.334% copper.


2007 CR Program Significant Intervals

 
 ---------------------------------------------------------------------------- 
            From      To  Interval   Copper  Molybdenum   Silver             
 Hole #       (m)     (m)       (m)      (%)         (%)    (g/t)  Rock Type 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 07CR-15   217.0   300.0      83.0    0.347       0.025     1.68    Porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 Includes  217.0   251.0      34.0    0.365       0.015     2.12    Porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 Includes  259.0   300.0      41.0    0.334       0.036     1.35    Porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 07CR-14     7.5   102.0      94.5    0.447       0.014     2.44    Porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 Includes    7.5    36.0      28.5    0.607       0.011     3.40    Porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 Includes   40.0   102.0      62.0    0.386       0.016     2.13    Porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 07CR-14   144.0   188.0      44.0    0.313       0.025     1.35    Porphyry 
 ---------------------------------------------------------------------------- 
 07CR-14   262.0   300.0      38.0    0.250       0.011     1.63     Breccia 
 ---------------------------------------------------------------------------- 
                                                                     QFP and 
 07CR-13  269.00  293.00      24.0    0.324       0.016     1.89    Andesite 
 ---------------------------------------------------------------------------- 
 Includes 269.00  283.00      14.0    0.300       0.026     2.14         QFP 
 ---------------------------------------------------------------------------- 
 Includes 283.00  293.00      10.0    0.478       0.008     1.84    Andesite 
 ---------------------------------------------------------------------------- 
 

The South porphyry was tested with drill holes 07CR-14 and 07CR-15 with significant mineralized intercepts both at surface and at depth. The Company notes that drill hole 07CR-15 ended in high molybdenum values.

Diamond drill holes 07CR-11 through 07CR-13 tested the contiguous West zone, which was discovered in the 2005 drilling campaign. Drill holes 07CR-09 and 07CR-10 stepped out along strike to the west to test for further extensions of the porphyry body. Drill hole 07CR-10 was abandoned early due to deteriorating drill pad conditions and did not reach its target depth.

The 2007 drilling outlined the strongly mineralized potential of the South porphyry and the drilling on the West zone has discovered at least two previously unknown normal faults. These faults have down dropped higher levels of the South porphyry to the current surface topography. The lower levels of the porphyry appear to be better mineralized than the upper levels which have been encountered to date on the West zone.

Geology

Two mineralized intrusive units are present on the CR property. The oldest unit is a fine-grained felsic porphyry and it is locally disrupted by younger crowded feldspar-quartz-biotite pheric porphyry (QFP). Both the units are observed to host widespread copper and molybdenum mineralization. The felsic porphyry encountered during the 2007 campaign generally contains stronger mineralization than that observed in the QFP.

Chalcopyrite and molybdenite are the main minerals of economic importance and they occur alone or in combination in one of the four main styles of mineralization recognized at CR. These are: 1) chalcopyrite in silicified andesite (country rock), 2) disseminated and veinlet mineralization in the QFP, 3) micro veinlet and veinlet mineralization in the fine grained felsic porphyry and 4) molybdenite-rich stockworks. Intercepts, including 41.0 meters of 0.036% Molybdenum and 44.0 meters of 0.025% Molybdenum are encouraging and demonstrate the potential for high grade molybdenum mineralization in the system.

The 2007 CR drill program entailed 7 drill holes that totaled 1,900 meters of NQ core. The details of the drill program are outlined on the attached plan map. Manson Creek is very pleased by the results of the 2007 program, as it has identified distinct, higher-grade zones within the South porphyry.

All assay work was performed by ICP at Eco Tech Laboratories of Kamloops, with gold done by standard fire assay method. The samples sent to the lab included blanks and duplicates to ensure proper quality assurance and quality control.

The Qualified Person responsible for the design and implementation of the Field Program as well as the preparation of this news release was the President of the Company, Regan Chernish, P.Geo.

Manson Creek

Manson Creek Resources Ltd. is a mineral exploration company with a focus on acquiring and advancing early stage Gold, Silver, Uranium, and Base Metal projects located in western Canada.

The Manson Creek technical team of professional geologists has assembled a comprehensive portfolio of uranium, precious and base metal projects in Saskatchewan, British Columbia, and the Yukon. These diverse projects, all at varied stages of exploration, offer excellent exposure to the favorable commodity markets.

Regan Chernish, P. Geo., President and Director

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Manson Creek Resources Ltd. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.


Summary of Assays in Porphyry Units and Selected Andesite Intervals

 
 ---------------------------------------------------------------------------- 
            From      To  Interval   Copper  Molybdenum   Silver             
 Hole #       (m)     (m)       (m)      (%)         (%)    (g/t)  Rock Type 
 ---------------------------------------------------------------------------- 
 07CR-15     3.0   195.0     192.0    0.102       0.004     0.64         QFP 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 07CR-15   195.0   300.0     105.0    0.341       0.023     1.73    Porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 Includes  217.0   251.0      34.0    0.365       0.015     2.12    Porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 Includes  259.0   300.0      41.0    0.334       0.036     1.35    porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 07CR-14     7.5   262.0     254.5    0.291       0.016     1.63    porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 Includes    7.5    36.0      28.5    0.607       0.011     3.40    porphyry 
 ---------------------------------------------------------------------------- 
                                                                      Felsic 
 Includes   40.0   102.0      62.0    0.386       0.016     2.13    porphyry 
 ---------------------------------------------------------------------------- 
 07CR-14   262.0   300.0      38.0    0.250       0.011     1.63     Breccia 
 ---------------------------------------------------------------------------- 
                                                                    QFP with 
                                                                       minor 
 07CR-13   113.0   283.0     170.0    0.093       0.007     1.70    Andesite 
 ---------------------------------------------------------------------------- 
 Includes 269.00  283.00      14.0    0.300       0.026     2.14         QFP 
 ---------------------------------------------------------------------------- 
 07CR-13   283.0   293.0      10.0    0.478       0.008     1.84    Andesite 
 ---------------------------------------------------------------------------- 
 07CR-12   152.5   299.3     146.8    0.109       0.007     1.92         QFP 
 ---------------------------------------------------------------------------- 
 Includes  193.4   206.3      12.9    0.212       0.008     6.79         QFP 
 ---------------------------------------------------------------------------- 
 Includes  233.8   243.8      10.0    0.246       0.012     1.84         QFP 
 ---------------------------------------------------------------------------- 
 Includes  245.8   261.8      16.0    0.125       0.016     0.83         QFP 
 ---------------------------------------------------------------------------- 
 Includes  265.8   269.8       4.0    0.544       0.005    17.20         QFP 
 ---------------------------------------------------------------------------- 
 Includes  285.8   299.3      13.5    0.089       0.025     0.52         QFP 
 ---------------------------------------------------------------------------- 
                                                                    QFP with 
                                                                       minor 
 07CR-11   186.5   226.5      40.0    0.078       0.006     0.99    Andesite 
 ---------------------------------------------------------------------------- 
 07CR-11   226.5   272.0      45.5    0.241       0.005     0.88    Andesite 
 ---------------------------------------------------------------------------- 
 

Drill holes 07CR-09 and -10 did not intersect mineralized porphyry


NOTE: Location map available from the company by clicking on the following link: http://www.ccnmatthews.com/docs/612MCK_map.pdf

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.


Contact:

Regan Chernish
Manson Creek Resources Ltd.
President and Director
[phone]
[phone] (FAX)
Website: www.manson.ca

Source: Manson Creek Resources Ltd.

[Lone Clone]

International PBX Ventures Ltd.; Drill Results: Copaquire Molybdenum-Copper Porphyry, Chile
Tuesday June 12, 9:00 am ET

http://biz.yahoo.com/iw/070612/0265101.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 12, 2007 -- International PBX Ventures Ltd. (CDNX:PBX.V - News) is pleased to report continuing excellent results from the molybdenum-copper resource definition program comprising 10,000 metres of diamond drilling.

 
 --------------------------------------------------------------------------- 
             From     To  Width 
 Hole #        (m)    (m)    (m)  % Mo  % Cu  Comments 
 --------------------------------------------------------------------------- 
 CQ 50       11.2  175.3  164.2  0.037  0.14  On ridge of Cerro Moly 
 --------------------------------------------------------------------------- 
             11.2  110.0   98.9  0.046  0.19 
 --------------------------------------------------------------------------- 
  
 --------------------------------------------------------------------------- 
 CQ 51        1.5   37.8   36.3  0.022  0.32  S of Cerro Moly, hole lost in 
                                              fault 
 --------------------------------------------------------------------------- 
  
 --------------------------------------------------------------------------- 
 CQ 52       14.8  289.5  274.7  0.025  0.08  On ridge of Cerro Moly 
 --------------------------------------------------------------------------- 
             14.8  156.0  141.3  0.034  0.12 
 --------------------------------------------------------------------------- 
  
 --------------------------------------------------------------------------- 
 CQ 53        9.4  165.8  156.5  0.056  0.19  S of Cerro Moly, hole lost in 
                                              fault 
 --------------------------------------------------------------------------- 
 including    9.4  100.0   90.7  0.017  0.28 
 --------------------------------------------------------------------------- 
 including  100.0  165.8   65.8  0.109  0.05 
 --------------------------------------------------------------------------- 
 

Note 0.1% Mo equals 2 lb/short ton
1% copper equals 20 lb/short ton
Hole locations are posted on http://www.internationalpbx.com

All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile using the atomic absorption spectro photogrametric (AA) technique following hot four-acid digestion.

Tor Bruland, MSc,PGeo is the qualified person under National Instrument 43-101 in charge of the program. The results should be considered preliminary exploration data.

Copaquire is located in northern Chile on the west fissure which hosts some of the largest copper-molybdenum porphyry mines in the world. It is the last well-exposed major porphyry system in Chile yet to be fully explored. The company has an option to purchase a 100 per cent interest in the property.

ON BEHALF OF THE BOARD OF DIRECTORS OF INTERNATIONAL PBX VENTURES LTD.

Dr. Gary Medford, P.Geo., President and CEO

The company relies on "forward-looking" statement litigation protection.



TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Contacts:
International PBX Ventures Ltd.
Dr. Gary Medford
President and CEO
[phone] or Toll Free: 1-877-681-1154
[phone] (FAX)
Email: [e-mail]
Website: http://www.internationalpbx.com


Source: International PBX Ventures Ltd.

[Lone Clone]

Golden Phoenix Reports Molybdenum Sales Top $5.4 Million, Geophysical Survey Completed and Geochemist Added at Ashdown Project
Tuesday June 12, 9:00 am ET

http://biz.yahoo.com/prnews/070612/latu081.html?.v=100

SPARKS, Nev., June 12 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News), manager and majority owner of the Ashdown Project LLC, a Nevada-based molybdenum mine, reports that Lot No. 8 containing 43,950 pounds of molybdenum concentrate has been shipped, bringing total sales to approximately 362,000 pounds of concentrate at a cumulative value of more than $5.4 million.

Since product sales began in 2006, the Ashdown Project LLC had gross revenues of $177,000 in Q4 2006, $798,000 in Q1 2007 and $4.45 million thus far in Q2 2007, as the mine continues to ramp up toward full production.

David A. Caldwell, CEO of Golden Phoenix, commented, "Following our participation in the Ryan's Notes Noble Alloy Conference in New York last week, the consensus was that molybdenum remains in tight supply and prices are currently stable. With molybdenum trading in the $33 range, market conditions appear ideal. Sales of moly concentrates at the Ashdown Project have been ramping up, as evidenced by a four-fold increase in quarterly income to date. Work continues on preparation of the 43-101 feasibility study for the mine, and an additional manager, David Tretbar, has been assigned to the project."

Mr. Tretbar is a geochemist who will be responsible for milling and metallurgical processing at Ashdown. Mr. Tretbar has worked underground for Getchel Gold and Jerritt Caynon and served as a process mineralogist and mine geologist for Barrick Goldstrike Mines, Inc. Most recently, Mr. Tretbar was Senior Geologist for Alamos Gold, responsible for tunnel design, reserve modeling and metallurgical testing programs. Mr. Tretbar graduated magna cum laude from Northern Arizona University with a B.S. in Geology, and received his Masters in Geochemistry from the Mackay School of Mines.

Gradient Geophysics, hired to perform an Induced Polarization (IP) survey of sections of the Ashdown property, has completed its collection of field data. The IP survey covers an area approximately 3000 feet long by 1200 feet wide, centered on the Sylvia vein currently being mined. The survey is made up of nine parallel lines, running east-to-west, that cross the known mineralization perpendicular to its strike. The survey has imaged to depths of 600 feet and returned data that is confirmed to define the Sylvia vein and adjacent structures. Over the coming weeks, the data will be compiled into a three dimensional model to be used for mine planning and exploration activities.

Please visit the Golden Phoenix website at http://www.Golden-Phoenix.com/

Golden Phoenix Minerals, Inc. is a Nevada-based mining company committed to deliver value to its shareholders by acquiring, developing and mining superior precious and strategic metal deposits in North America using competitive business practices balanced by principles of ethical stewardship. Golden Phoenix owns the Mineral Ridge gold and silver property near Silver Peak, Nevada, the Northern Champion molybdenum mine in Ontario, Canada, and is manager/operator and majority owner of the Ashdown Project LLC gold and molybdenum property held jointly by Golden Phoenix Minerals, Inc. and Win-Eldrich Mines, Ltd. of Toronto, Canada through its US subsidiary, Win-Eldrich Gold, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements by David A. Caldwell, CEO, and other statements regarding the expansion of production at the Ashdown Mine, optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including continued market prices for the Company's mineral products. In addition, actual results could vary materially based on changes or slower growth in the molybdenum and gold markets; the potential inability to realize expected benefits and synergies in the Company's mining operations; domestic and international business and economic conditions; changes in the mining industry for base and precious minerals, especially molybdenum; unexpected difficulties in expanding production at the Company's mines; changes in customer demand or ordering patterns for molybdenum; changes in the competitive environment including pricing pressures or technological changes; technological advances; shortages of skilled miners; the need for additional capital and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

CONTACT:
Golden Phoenix Minerals, Inc.
Robert Martin
President
775/853-4919

E & E Communications
Paul Knopick
949/707-5365
[e-mail]


Source: Golden Phoenix Minerals, Inc.

[Lone Clone]

Drilling at Sangdong Tungsten-Molybdenum Deposit Extends Continuity in Mineralisation
Tuesday June 12, 8:30 am ET

http://biz.yahoo.com/iw/070612/0264908.html

VANCOUVER, BC--(MARKET WIRE)--Jun 12, 2007 -- Oriental Minerals Inc. (CDNX:OTL.V - News) is very pleased to announce the next round of complete drill results received from holes SD-04 and SD-06, from the Company's drill program at the Sangdong tungsten-molybdenum project in South Korea.

Intersections from hole SD-04 include 21 metres (51-72m) grading 0.08% WO3 and 0.01% MoS2 and 43 metres (107-150m) grading 0.06% WO3 and 0.01% MoS2. Intersections from SD-06 include 24 metres (22-46m) grading 0.10% WO3 and 0.02% MoS2 and 23 metres (65-88m) grading 0.10% WO3 and 0.02% MoS2. SD-04 and SD-06 were designed to drill test the entire skarn package up dip from hole SD-03.

These results from holes SD-04 and SD-06 confirm that skarn hosted disseminated tungsten-molybdenum mineralization is present continuously at shallow depths from 6 metres, some 400 metres up dip from the third hole SD-03. This skarn mineralization then extends a further 700 metres from SD-03 down dip past SD-01, giving a minimum strike length of continuous mineralization of at least 1,100 metres. This mineralization shows consistent increasing trends in both grades and thicknesses down dip towards the northwest.

"We are highly encouraged by drilling to-date," noted Steve Flechner, President of Oriental Minerals. "The potential to convert the historic Sangdong underground mine to an open-pit mining method may yield significant bulk-tonnage benefits. Work in progress, such as the geotechnical drilling for a future Environmental Impact Statement, further reflects our confidence in the Sangdong mine."

Results from hole SD-04 are tabulated below:

 
 -------------------------------------------------------------------------- 
 Intersection   Depth   WO3   MoS2   Au    Bi          Formation 
 Thickness              (%)   (%)   (g/t) (%) 
 -------------------------------------------------------------------------- 
 21 metres      51-72m  0.08  0.01  0.08  0.03   Shale (Pungchon Limestone) 
  1 metre       89-90m  0.07   -    0.05  0.01   Shale (Pungchon Limestone) 
  1 metre       98-99m  0.07   -     -     -     Shale (Pungchon Limestone) 
  1 metre     107-108m  0.30  0.01  0.14  0.05   Shale (Pungchon Limestone) 
  3 metres    111-114m  0.08   -    0.03  0.03   Skarn (Myobong Slate) 
  1 metre     120-121m  0.07   -    0.01  0.02   Skarn (Myobong Slate) 
  1 metre     122-123m  0.03  0.14   -     -     Skarn (Myobong Slate) 
  2 metres    124-126m  0.12  0.01  0.05  0.02   Skarn (Myobong Slate) 
  6 metres    133-139m  0.09   -    0.08  0.02   Skarn (Myobong Slate) 
  7 metres    146-153m  0.09  0.01   -    0.01   Skarn (Myobong Slate) 
 ------------------------------------------------------------------------ 
 

SD-04 intersected the following lithological units in sequence:
0-111m. Shale member of basal Pungchon Limestone.
111-144m. Quartz-scheelite vein stockworks in skarn altered Myobong Slate.
144-225m. Jangsan Quartzite.

Results from hole SD-06 are tabulated below:

 
 ------------------------------------------------------------------------- 
 Intersection   Depth   WO3  MoS2   Au    Bi          Formation 
 Thickness              (%)  (%)   (g/t) (%) 
 ------------------------------------------------------------------------- 
 1 metre         6-7m  0.79  0.01   0.77  0.28   Shale (Pungchon Limestone) 
 2 metres      22-24m  0.07  0.13   0.07  0.01   Shale (Pungchon Limestone) 
 1 metre       27-28m  0.34  0.02   0.05  0.02   Shale (Pungchon Limestone) 
 1 metre       30-31m  0.11   -     0.03  0.01   Shale (Pungchon Limestone) 
 2 metres      33-35m  0.35  0.07   0.33  0.10   Shale (Pungchon Limestone) 
 2 metres      40-42m  0.15  0.03   0.06  0.02   Skarn (Myobong Slate) 
 2 metres      44-46m  0.24   -     0.06  0.02   Skarn (Myobong Slate) 
 3 metres      65-68m  0.11  0.07   0.09  0.02   Skarn (Myobong Slate) 
 2 metres      71-73m  0.40  0.02   0.13  0.02   Skarn (Myobong Slate) 
 7 metres      81-88m  0.15  0.04   0.09  0.01   Skarn (Myobong Slate) 
 1 metre       96-97m  0.08   -     0.08  0.02   Skarn (Myobong Slate) 
 1 metre     106-107m  0.24  0.01   0.19  0.04   Skarn (Myobong Slate) 
 1 metre     122-123m  0.14  0.01   0.03  0.03   Jangsan Quartzite 
 7 metres    151-158m  0.10  0.01   0.01  0.01   Jangsan Quartzite 
 2 metres    161-163m  0.02  0.20   0.04  0.02   Jangsan Quartzite 
 ------------------------------------------------------------------------ 
 

SD-06 intersected the following lithological units in sequence:
0-39m. Shale member of basal Pungchon Limestone.
39-111m. Quartz-scheelite vein stockworks in skarn altered Myobong Slate.
111-300m. Jangsan Quartzite.

The current status on the Sangdong drill program is:
SD-09. Current depth is 364 metres.
SD-10. Completed at its target depth of 300 metres.
SD-11. Completed at its target depth of 300 metres.
SD-12. Completed at its target depth of 300 metres.
SD-13. Currently at 241 metres.
SD-14. Currently at 8 metres.
SD-15. Setting up.
SD-16. Setting up.
SD-17. Setting up.
SD-18. Setting up.

A map of the drill holes can be viewed at www.usetdas.com/maps/orientalminerals/SangdongDrillingJune2007.gif.

Drilling is now well underway on the Phase II resource definition program, using a 100 metre x 100 metre pattern drill hole spacing. An inferred category NI-43-101 compliant resource statement is scheduled for completion in October 2007. Drill spacing will then close up to a 50 metre x 50 metre drill spacing to provide a measured and indicated category NI-43-101 compliant resource statement by March 2008.

The Sample Preparation Laboratory facility is now commissioned and capable of processing 200 samples per day.

Note: Samples are 1-metre split HQ core samples and were submitted to ALS Chemex laboratory in Brisbane, Australia and analyzed by Ore Grade Method XRF-ME05, Au-AA21, ME-ICP41s and Ag-OG46. Quality Control: Blanks and Standards samples were routinely inserted with the drill samples at random intervals. Analysis of Standards indicates the laboratory results are all within +/-5% of certified assays and so results are considered reliable. Blank samples were clean, indicating no cross contamination in the samples.

QUALIFIED PERSON

The qualified person for the purposes of this release is Mr. Mark Dugmore.


On behalf of the Board of Directors,
Damien Reynolds
Chairman and Director

www.orientalminerals.com

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Distributed by Filing Services Canada and retransmitted by Marketwire


Contact:

For More Information, Please Contact:
Spiro Kletas
Investor Relations
604-681-5755
Email Contact
http://www.orientalminerals.com


Source: Oriental Minerals Inc.

[Lone Clone]

Columbia Yukon Commences Core Drilling Program and Increases 2007 Drill Program Up to 40,000 Metres
Monday June 11, 2:08 pm ET

http://biz.yahoo.com/ccn/070611/200706110396346001.html?.v=1

WEST VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 11, 2007) - Columbia Yukon Explorations Inc. (the "Company") (TSX VENTURE:CYU - News) is pleased to announce that the first of three planned drill rigs has commenced core drilling on the Company's "Storie" molybdenum property located in northern British Columbia. The Storie Property lies south of the former Cassiar mine townsite and is accessible by paved highway to Cassiar and then 5 kilometres of all weather gravel road.

The Company previously reported that it intended to proceed with a core drilling program of 10,000 to 20,000 metres in 2007, however, the Company now intends to increase the 2007 drill program to between 30,000 to 40,000 metres (subject to weather conditions and availability of equipment). This core drill program is designed to further define and potentially expand the known historical resource and to provide additional confirmation of the resource with infill drilling and to test the potential increase of the size of the resource with exploration along strike and in parallel targets. The estimated cost of the 2007 drill program will be approximately $6 million, which the Company has in place from recently completed financings.

The historical resource estimate for the Storie Property molybdenum deposit is 100,500,000 tonnes @ 0.077% Mo or 0.129% MoS2. The resource calculated by Shell Canada Resources Ltd. ("Shell") in 1981 is a historical resource and does not meet National Instrument 43-101 standards and as such can not be relied upon. The Company's Qualified Person, John Kowalchuk, P. Geo., has not reviewed the calculation for the historical resource; however, believes that it has been calculated by competent engineers to the standards of the period. The historical resource estimate was based on 86 drill holes, covering an approximate 1000-metre (3,280 feet) strike length, over a 300-400 metre (980-1,310 feet) width and to a vertical depth of 150 metres (492 feet).

By way of update, the Company expects to receive the NI 43-101 compatible resource report from Watts, Griffis and McOuat, Consulting Geologists and Engineers ("WGM"), shortly and will announce the results once the NI 43-101 report has been received and reviewed by the Company. WGM have also been engaged to complete a scoping study for the Storie project, which will assist the Company's exploration of the Storie Property towards full feasibility. The scoping study is scheduled to be completed after the NI 43-101 report.

John Kowalchuk, P. Geo., has reviewed this release and is acting as the Qualified Person for this project.

For a map of the drill collar locations, please refer to this news release on our website.

Columbia Yukon Explorations Inc.

Ronald A. Coombes, President

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Mr. Clive Shallow
Columbia Yukon Explorations Inc.
Investor Communication
[phone]
[phone] (FAX)
Website: www.columbiayukon.com

Source: Columbia Yukon Explorations Inc.

[Lone Clone]

Noront Resources Ltd.: Burnt Hill Tungsten Molybdenum, Tin Project, Canada
Monday June 11, 11:26 am ET

http://biz.yahoo.com/ccn/070611/200706110396293001.html?.v=1

TORONTO, ONTARIO--(CCNMatthews - June 11, 2007) - Noront Resources Ltd. (Noront) (TSX VENTURE:NOT - News) is pleased to report that it has come to an agreement with Cadillac Ventures Inc. (Cadillac) to amend the option agreement assigned to Cadillac and reported in Noront's press release dated April 5th, 2007. In an effort to accelerate the development of the Burnt Hill deposit and to enhance shareholders equity in the project, Noront has agreed that it will complete a 1.5 million dollar exploration program during the 2007 calendar year on the Burnt Hill project. This project will be laid out in accordance with the recommendations of Dr. W. D. Ewert P.Geo of P & E Mining Consultants Inc., the Company's independent qualified person. The program will include confirmatory and exploration drilling utilizing three diamond drills in order to provide sufficient information to confirm previous data contained in the technical report and allow for the preparation of a new fully compliant NI 43-101 resource estimate. The program, which will commence immediately, will also test a number of untested geochemical molybdenum tungsten targets.

The Company and Cadillac have agreed that in order for Cadillac to earn its 51% interest in the project, that Cadillac, in addition to paying the Company $100,000 and issuing 2,500,000 Cadillac shares to Noront, will deliver to Noront on or before December 31, 2007, $1.5 million of the capital of Cadillac to be valued at no more than $1.00 per share and/or at the same price as a proposed financing contemplated by Cadillac to be completed in the second or third quarters of 2007.

The Burnt Hill property consists of 51 claims encompassing 816 hectares (2040 acres) located approximately 60 km north of Fredericton, N.B. The property has a history of intermittent production; however, it has remained more or less inactive for the last several decades. The last underground development work was by Miramichi Lumber in 1980 when a 1200 ft (365.8 m) decline was driven to crosscut all the known mineralized structures and to provide testing of a "Photometric Ore Sorter". The ore sorter studies which were based on being able to color sort between mineralized material and barren rock, demonstrated that the mineralized vein material can be very readily pre-concentrated by photometric means, which could triple pre-mill grades. The metallurgical studies demonstrated that a premium grade tungsten concentrate in excess of 65% (up to 75% WO3 can be produced quite readily by gravity concentration as well as a 90% molybdenum and 58% tin with 5.3% tungsten concentrates by additional mill work utilizing sulphide flotation and gravity. No tests were conducted on bismuth at Lakefield but older metallurgical studies indicate that bismuth is recoverable.

The Company completed and filed on SEDAR an independent geological Technical Report prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects pertaining to the Burnt Hill Tungsten Property in New Brunswick (the "Technical Report"). The Technical Report dated effective March 31, 2006 was authored by Dr. Wayne Ewert, P Geo and Mr. Eugene Puritch, E.Eng, of P&E Mining Consultants Inc., both qualified persons as defined by NI 43-101.

The Technical Report contains a historical resource estimate(i) as prepared by Burnt Hill Tungsten Mines (1956) and Brewster (1981) and summarized in the Table below:

 
 -------------------------------------------------------------------------- 
 Company               Year    Tonnage(i)   Grade(i)   Estimated Contained 
                                 (Tons)     (%WO3)       Tungsten (lbs WO3) 
 -------------------------------------------------------------------------- 
 Burnt Hill Tungsten 
  Mines                1956    252,000       1.63                5,544,000 
 -------------------------------------------------------------------------- 
 A.C.A. Howe 
  (Brewster)           1981  2,821,000      0.147                9,123,000 
 -------------------------------------------------------------------------- 
  
 

(i)It should be noted that the preceding resource estimates are historical in nature and as such are based on prior data and reports prepared by previous operators. The work necessary to verify the classification of the mineral resource estimates has not been completed and the resource estimates therefore, can not be treated as NI 43-101 defined resources verified by a qualified person. The historical estimates should not be relied upon and there can be no assurance that any of the resources, in whole or in part, will ever become economically viable. Considerable further evaluation, including confirmatory and exploratory drilling is required.

It has become increasingly obvious that the theoretical value of molybdenum, tin and tungsten mineralization at Burnt Hill will be affected by the fact that the price of these metals having increased significantly with tungsten concentrate current spot price being approximately US$17.62 per lb of WO3. (www.metalprices.com 06/04/07).

It is expected that molybdenum and tin to be recovered would be in the range of 2.5 lbs per ton each.

The Qualified Person responsible for overseeing and reviewing the technical data on the Burnt Hill project is Dr. W. D. Ewert P.Geo. The technical information prepared for disclosure in the burnt Hill news releases has been approved by Dr Ewert P.Geo.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 90,057,692 shares issued to date.

ON BEHALF OF THE BOARD OF DIRECTORS

R. Nemis, President and Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Richard Nemis
Noront Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.norontresources.com

Source: Noront Resources Ltd.

[NYBob]

Utilities, Miners Bitterly Divided on Uranium Price Rise -

Report from World Nuclear Fuel Market Conference -



http://www.stockinterview.com/News/06082007/nuclear-fuel-conference-uranium-price.html


http://app.quotemedia.com/quotetools/popups/story.jsp


http://www.mineralfields.com/index.cfm


http://www.investorshub.com/boards/board.asp?board_id=1499

http://www.investorshub.com/boards/board.asp?board_id=9094

http://www.siliconinvestor.com/subject.aspx?subjectid=56863&ref=IH

http://www.siliconinvestor.com/subject.aspx?subjectid=57091&ref=IH


http://www.investorshub.com/boards/board.asp?board_id=7773

[Lone Clone]

BCM Resources: More Than Doubles Mineral Claims Area at the Shan Molybdenum Discovery
Thursday June 7, 5:27 pm ET

http://biz.yahoo.com/iw/070607/0263634.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 7, 2007 -- BCM Resources Corporation (CDNX:B.V - News) has staked an additional 11,300 acres of mineral claims adjacent to its Shan Molybdenum discovery located 20 km. northeast of Terrace B.C. This increases the total area of BCM's 100% owned claims in the Shan region to 18,790 acres.

The ongoing success of the company's diamond drill program and analysis of both historical data and recent BC government geological surveys prompted the companies VP of Exploration, Dr. Margaret Venable, to recommend the acquisition of this additional land package. These new claims border the northern ridge of the Shan property and run to the northwest for five kilometers (See Company's website for Map).



The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Contacts:
BCM Resources Corporation
Dale McClanaghan
President & CEO
[phone]
Website: http://www.bcmresources.com


Source: BCM Resources Corporation

[Lone Clone]

Roxmark arranges financing with MineralFields Group
Thursday June 7, 10:35 am ET

http://biz.yahoo.com/cnw/070607/roxmark_mines_fncng.html?.v=1

TORONTO, June 7 /CNW/ - Roxmark Mines Limited (TSXV - RMK) (CNQ - RMKL) today announced that it has entered into an agreement for a non-brokered private placement financing with MineralFields Group of Toronto, a leading mining fund, subject to final approval of the TSX Venture Exchange.

The $1 million private placement consists of the sale of 3,773,584 flow-through units of the Company at $0.265 each. Each unit will consist of one flow-through common share and one common share purchase warrant of the Company. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.40 for the first year and at $0.55 for the second year term from closing. The securities to be issued under this arrangement will be subject to certain resale restrictions which require that the securities not be traded for a period of four months.

Roxmark has agreed to pay a cash finder's fee to First Canadian Securities(R) of 5% of the proceeds raised and options equal to 10% of units subscribed for, at an exercise price of $0.265 for a term of two years.

Proceeds of the private placement will be used to fund the exploration and development program to advance Roxmark's holdings of gold and molybdenum properties in the Geraldton-Beardmore mining camp in Northern Ontario. Currently, the Company is carrying out a surface diamond drilling program on its Northern Empire mine property.

About MineralFields, Pathway and First Canadian Securities(R)

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities(R) , a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard-dollar) on competitive, effective and service-friendly terms, with investors both within and outside of MineralFields Group.

About Roxmark Mines

Roxmark Mines Limited is the leader in gold and molybdenum exploration and development in the historically significant Geraldton-Beardmore area of Northwest Ontario. In the last two years, Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its fully-permitted mill and has the advantage of infrastructure from six formerly highly productive gold mines located on its properties. These mines previously produced nearly two million ounces of gold from high grade ore but were closed primarily due to dramatically lower gold prices at the time and to boundary issues, since eliminated.

Further information is available on the Company's website at www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.

Forward-Looking Statements

This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.


For further information

Monir Younan, President, Roxmark Mines Limited, 801-80 Richmond St. West, Toronto, Ontario, M5H 2A4, Tel.: [phone], Fax: [phone], E-mail: [e-mail], Website: www.roxmark.com


Source: Roxmark Mines Limited

[Lone Clone]

Torch River Resources Ltd. Reports on Sprott Investment
Thursday June 7, 9:30 am ET

http://biz.yahoo.com/ccn/070607/200706070395573001.html?.v=1

CALGARY, ALBERTA--(CCNMatthews - June 7, 2007) - Torch River Resources Ltd. (TSX VENTURE:TCR - News; "Torch") is pleased to announce further details with regard to an investment in the company by Sprott Asset Management. The company has received a sum of $576,000 to exercise 3,200,000 warrants for the account of Sprott Asset Management. This brings Sprott's total investment in Torch River Resources to over $1.25 million and represents ownership of over 19% of the outstanding shares of the company.

Further to our press release of May 17, 2007, Torch is expecting that the camp at its Red Bird property will be mobilized by late June.

Torch has contracted with Neill's Mining Ltd to drill up to 8 holes (approximately 7000 feet) in an area of the property which had no previous drilling. This area lies in the northwest region of the 4000 foot by 5000 foot Red Bird intrusion and was identified as a prime target for drilling by the soil and chip sampling and ground geophysics carried out in Torch's 2006 program on Red Bird (see the August 15, 2006 release at our web-site, www.torchriver.ca ).

Torch is expecting that the drill will be mobilized in the first week of July, with drilling continuing at least to the end of August.

Andris A. Kikauka is a Qualified Person under NI 43-101 and has reviewed and approved the technical data in this press release.

Torch River resources Ltd is a company listed and trading on the TSX Venture Exchange, symbol: TCR.

For all Torch River investor relations needs, investors are asked to visit the Torch River IR Hub at http://www.agoracom.com/IR/Torchriver where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


Contact:

William Pfaffenberger
Torch River Resources Ltd.
President and CEO
[phone]
Website: www.torchriver.ca

Local Vancouver: [phone] or Toll Free 1-800-540-1995
ProActive Communications Co.

Source: Torch River Resources Ltd.

[Lone Clone]

Perhaps once again revealing I am a lousy trader, I bought some SUL yesterday. Sure, I got it near the low of the day, but I still have no idea where it's going to go today, much less next week.

LC

[wzebra33]

Up 100% on the news today,

[Lone Clone]

BTW, if any of you were confused by the document that came up when you tried to look at Roxmark's recent MD&A on Sedar, I rattled some cages until the correct document was posted.

LC

[Lone Clone]

Peru's Cerro Verde commissions first molybdenum concentrate plant

Peru's molybdenum and copper miner Cerro Verde completed construction of its first molybdenum concentrate plant in May, and the plant has entered the commissioning phase, a Sumitomo Metal Mining spokesman said on Tuesday.

Cerro Verde will be shipping its first moly concentrate to Phelps Dodge after the plant's commercial launch that is expected by the end of the year. Sumitomo Metal Mining and Phelps Dodge are both stakeholders of Cerro Verde.

The plant recovers molybdenum from copper-moly sulfide ore by applying the flotation process. The plant is expected to produce 7,150 mt/year of molybdenum concentrate with 55% moly content, the Sumitomo Mining spokesman said.

The building of the molybdenum concentrate plant is part of Cerro Verde's plan to triple copper output by treating sulfide ore in addition to copper oxide. The expansion started in 2006 and by the end of 2007, the mine is expected to produce 300,000 mt/year of copper content in concentrate.

Prior to the expansion, Cerro Verde had produced copper cathode from oxide ore by applying the solvent extraction-electro winning (SX-EW) process. The ore treated by the SX-EW process did not generate any molybdenum.

The Cerro Verde mine is located near Arequipa in southern Peru. The mine is operated by Sociedad Minera Cerro Verde, owned 53.6% by Phelps Dodge, 21% by Sumitomo Mining, 18.5% by Peru's Compania de Minas Buenaventura and 6.9% by minority stakeholders.

[Lone Clone]

Noah Resources to farm into Monaro molybdenum-tin-tungsten prospects

Monaro Mining (ASX:MRO) and Noah Resources have signed a Heads of Agreement covering Monaro's molybdenum, tin and tungsten prospects located in southern NSW.

Noah Resources has assembled a number of projects in southern NSW which are prospective for a range of metals.

These projects will be the subject of an Initial Public Offer during the next quarter with Monaro shareholders having the right to participate.

Noah intends to explore Monaro's prospects, spending up to $400,000 over two years to earn a 70 per cent interest two tenements.

Monaro will retain the right to participate in further exploration upon Noah earning a 50pc interest in the tenements.

The agreement is subject to Noah achieving approval from the ASX to list prior to 30th September, 2007.

Noah will offer Monaro (or its shareholders) the right to participate in the IPO to the extent of at least $500,000 on the same terms as the public offering.

Monaro shares were up 1.5c to $1.65.

[Lone Clone]

Pacific Comox Resources Ltd.: Hole 66b Interval of 68 Feet Grading 0.13% or 2.7 lbs/ton Molybdenum Including 19 Feet of 0.38% or 7.5 lbs/ton
Wednesday June 6, 2:36 pm ET

http://biz.yahoo.com/ccn/070606/200706060395513001.html?.v=1

TORONTO, ONTARIO--(CCNMatthews - June 6, 2007) - Pacific Comox Resources Ltd. (TSX VENTURE:PCM - News) reports the assays for an additional 5 diamond drill holes testing the area of the former producing underground copper mine (the South Zone) at its Ryan Lake copper/molybdenum property at Matachewan, Ontario. The first significant mineralized interval of 68 feet in hole 66B graded 0.13% (2.7 lbs/ton) molybdenum, 0.2% copper, plus gold and silver starting at 122 feet includes 19 feet grading 0.38% (7.5 lbs/ton) molybdenum, 0.3% copper, plus gold and silver. The second significant interval of 26 feet graded 0.07% (1.5 lbs/ton) molybdenum, 0.2% copper, plus gold and silver started at 277 feet. The assay results for the 5 holes are summarized in Table 1.

In the current program additional holes will be drilled both north and south of the completed holes on many of the sections to extend the 700 foot North-South dimension of the drill tested areas and the 638 feet East-West length of the current drill tested area will be extended both to the East and West. Most of the 33 completed holes do not exceed a vertical depth of 300 feet. The current program will also test the indicated mineralized zones to a depth of about 500 feet. The mill which is currently processing barite is expected to be a major asset going forward to facilitate the resumption of copper/molybdenum production on the property.

Robert Hill P. Eng. serves as the qualified person (QP) for the sampling and exploration program under the definitions of National Instrument 43-101, reviewed this release and supervised the drilling program. The geologists on this program were Dan Crossley P. Eng. and Robert Van Ingen P. Eng.. The split NQ core samples were assayed by AA at Swastika Laboratories Ltd. Swastika Ontario, an accredited laboratory.

Donald Empey, President

View the Company web site at www.pacificcomox.com or the Company filings on SEDAR at www.sedar.com.

 
 --------------------------------------------------------------------------- 
                            PACIFIC COMOX RESOURCES LTD. 
 --------------------------------------------------------------------------- 
                 Table 1: Diamond Drill Assays From Ryan Lake Project 
 --------------------------------------------------------------------------- 
                      South Zone - Former Underground Mine Area 
 --------------------------------------------------------------------------- 
 Hole #       From           To  Length        Copper       Mo        Mo 
 --------------------------------------------------------------------------- 
               (ft)         (ft)    (ft)           (%)      (%) (lbs/ton) 
 --------------------------------------------------------------------------- 
  
 --------------------------------------------------------------------------- 
 PC-07-62     Section 10376E, Northing 10063, Length 410 ft., 
              Azimuth 350 degrees, Dip -45 degrees 
 --------------------------------------------------------------------------- 
                15          410     395          0.12    0.008      0.16 
 --------------------------------------------------------------------------- 
 Including      87          107      20          0.26    0.045      0.90 
 --------------------------------------------------------------------------- 
 Including     197          221      24          0.29    0.017      0.34 
 --------------------------------------------------------------------------- 
 Including     282          292      10          0.57    0.036      0.72 
 --------------------------------------------------------------------------- 
  
 --------------------------------------------------------------------------- 
 PC-07-63     Section 10387E, Northing 10161, Length 370 ft., 
              Azimuth 0 degrees, Dip -45 degrees 
 --------------------------------------------------------------------------- 
                71          138      67          0.18    0.042      0.84 
 --------------------------------------------------------------------------- 
  
 --------------------------------------------------------------------------- 
 PC-07-64     Section 10326E, Northing 10113, Length 341 ft., 
              Azimuth 0 degrees, Dip -51 degrees 
 --------------------------------------------------------------------------- 
                16          341     325          0.17    0.012      0.24 
 --------------------------------------------------------------------------- 
 Including      38           67      29          0.07    0.054      1.08 
 --------------------------------------------------------------------------- 
 Including     130          193      63          0.43    0.022      0.44 
 --------------------------------------------------------------------------- 
  
 --------------------------------------------------------------------------- 
 PC-07-65     Section 10276E, Northing 10389, Length 489 ft., 
              Azimuth 113 degrees, Dip -45 degrees 
 --------------------------------------------------------------------------- 
               105          143      38          0.35    0.021      0.42 
 --------------------------------------------------------------------------- 
               256          281      25          0.36    0.023      0.46 
 --------------------------------------------------------------------------- 
               370          448      78          0.07    0.041      0.82 
 --------------------------------------------------------------------------- 
  
 --------------------------------------------------------------------------- 
 PC-07-66B    Section 10376E, Northing 10000, Length 538 ft., 
              Azimuth 0 degrees, Dip -50 degrees 
 --------------------------------------------------------------------------- 
               122          190      68          0.17    0.133      2.66 
 --------------------------------------------------------------------------- 
 Including     161          180      19          0.26    0.375      7.50 
 --------------------------------------------------------------------------- 
               277          303      26          0.19    0.073      1.46 
 --------------------------------------------------------------------------- 
               392          474      82          0.23    0.005      0.10 
 --------------------------------------------------------------------------- 
 Including     411          439      28          0.35    0.003      0.06 
 --------------------------------------------------------------------------- 
  
 --------------------------------------------------------------------------- 
 Gold and silver assays results not material 
 --------------------------------------------------------------------------- 
 'June 5, 2007 
 --------------------------------------------------------------------------- 
 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.


Contact:

Donald Empey
Pacific Comox Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.pacificcomox.com

Source: Pacific Comox Resources Ltd.

[Lone Clone]

Sultan Minerals Intersects Spectacular 548 Foot Zone of 0.10% Molybdenum at the Jersey-Emerald Property, B.C.
Wednesday June 6, 9:30 am ET

http://biz.yahoo.com/ccn/070606/200706060395360001.html?.v=1

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2007) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to provide assays for the first six underground diamond drill holes, completed during the current 14,000 foot (4,200 metre) drill program on its 100% owned Jersey-Emerald Molybdenum-Tungsten Property located near Salmo, BC. Drill-Hole JM07-04, was the highlight of the six holes. This remarkable hole assayed 0.10% molybdenum (MoS2) over a core length of 548.0 feet and averaged 0.04% MoS2 over its entire 1,529 foot length. The hole contained several higher grade sections including 0.28% MoS2 over 79.9 feet, 0.23% MoS2 over 43.0 feet and 1.81% MoS2 over 9.9 feet.

The six widespread holes were drilled in the East Dodger molybdenum Zone, and were designed to investigate the lateral limits of the molybdenum mineralization. The holes were low angle (horizontal) holes drilled in a fan formation from a single underground drill station located 900 feet south of the Dodger Molybdenum Discovery Zone (see news releases of October 3, 2005, October 13, 2005 and February 22, 2006). The widely spaced holes tested for molybdenum mineralization to the north, west and south of the drill station. Significant molybdenum mineralization was encountered in four of the six holes.

Mr. Arthur G. Troup, President and CEO, said, "Sultan is extremely pleased with the results of the six diamond drill holes received to date. Due to the success of the present program, the Company is in discussion with the drill contractor for an additional 20,000 feet of surface diamond drilling on the Dodger and East Emerald zones."

The East Dodger molybdenum zone has now been tested with 27 drill holes and mineralization has been intersected in 25 of these holes. Molybdenum mineralization occurs over an area measuring 3,400 feet north-south by 900 feet east-west. The zone remains open to the east, west and at depth. The high-grade mineralization encountered in Drill-Hole JM07-04 is located 500 feet west of the high-grade intersections reported previously for the Dodger Molybdenum Discovery Zone. These intersections appear to be associated with a high-grade, east-west trending corridor that remains open to the east and west.

Drilling has now been completed in 19 holes out of a planned program of 50 holes for 2007. Holes JM07-07 through JM07-15 and hole JM07-19 investigated the lateral limits of the Dodger tungsten mineralization. Holes JM07-16 through JM07-18 are follow-up holes to the high-grade molybdenum intersection in hole JM07-04. Visible mineralization has been reported in many of these holes including holes JM07-16 through JM07-18. All drill core is presently being logged and split and assay results are expected in July.

Significant intersections from the six drill holes are given in the following table:

 
 --------------------------------------------------------- 
 DRILL-HOLE        FROM            TO      WIDTH      MOS2 
 #                (feet)        (feet)     (feet)       (%) 
 --------------------------------------------------------- 
  
 --------------------------------------------------------- 
 JM07-01         348.40        364.00      15.60      0.05 
 --------------------------------------------------------- 
 Including       350.00        352.00       2.00      0.17 
 --------------------------------------------------------- 
 and             870.00        939.00      69.00      0.04 
 --------------------------------------------------------- 
 Including       932.00        939.00       7.00      0.35 
 --------------------------------------------------------- 
 and           1,430.00      1,432.00       2.00      0.32 
 --------------------------------------------------------- 
  
 --------------------------------------------------------- 
 JM07-02             Abandoned 
 --------------------------------------------------------- 
  
 --------------------------------------------------------- 
 JM07-03         424.30        429.00       4.70      0.20 
 --------------------------------------------------------- 
 and             444.00        641.50     197.50      0.04 
 --------------------------------------------------------- 
 Including       496.60        500.50       3.90      0.43 
 --------------------------------------------------------- 
 and             561.50        583.00      21.50      0.07 
 --------------------------------------------------------- 
 and             605.10        609.00       3.90      0.19 
 --------------------------------------------------------- 
 and             876.40        880.20       3.80      0.20 
 --------------------------------------------------------- 
  
 --------------------------------------------------------- 
 JM07-04           0.00      1,529.00   1,529.00      0.04 
 --------------------------------------------------------- 
 Including       739.00      1,368.00     629.00      0.09 
 --------------------------------------------------------- 
 Including       789.00      1,338.00     548.00      0.10 
 --------------------------------------------------------- 
 Including       789.10        869.00      79.90      0.28 
 --------------------------------------------------------- 
 Including       789.10        799.00       9.90      1.81 
 --------------------------------------------------------- 
 and           1,155.00      1,198.00      43.00      0.23 
 --------------------------------------------------------- 
 Including     1,190.00      1,198.00       8.00      0.60 
 --------------------------------------------------------- 
  
 --------------------------------------------------------- 
 JM07-05           Un-mineralized 
 --------------------------------------------------------- 
  
 --------------------------------------------------------- 
 JM07-06         926.00        956.00      30.00      0.13 
 --------------------------------------------------------- 
 Including       926.00        936.00      10.00      0.25 
 --------------------------------------------------------- 
 

Note 1: All dimensions and core lengths are recorded in feet in order that
results are compatible with the historic mine grid and the existing
5,600 drill hole database.


Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the ongoing exploration programs. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, B.C., is Sultan's project supervisor and "Qualified Person" for the purpose of NI 43-101, "Standards of Disclosure for Mineral Projects".

For further information on the Company's projects, visit www.sultanminerals.com.

Arthur G. Troup, P.Eng., Geological President and CEO

Should you wish to receive Company news via email, please email [e-mail] and specify "Sultan Minerals News" in the subject line or contact the Company directly.

This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein.

This news 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 production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects 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 those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com.

SEC 12g3-2(b): 82-4741

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.


Contact:

Marc Lee
Sultan Minerals Inc.
Investor & Corporate Communications
[phone] or Toll Free: 1-888-267-1400
[phone] (FAX)
Email: [e-mail] / [e-mail]
Website: www.sultanminerals.com

Linda Armstrong
CHF Investor Relations
Vice President
[phone], Ext. 229
Email: [e-mail]

Source: Sultan Minerals Inc.

[Lone Clone]

Sprott Moly Fund Expends $2.00 Per Share to Acquire 15,997,760 Shares of Inca Pacific
Wed Jun 6, 8:30 AM

http://ca.news.finance.yahoo.com/s/06062007/28/link-finance-news-sprott-moly-fund-expends-2-00-share...

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2007) - Sprott Molybdenum Participation Corporation ("Sprott") announces that it exercised its option yesterday to acquire 15,997,760 common shares of Inca Pacific Resources Inc. (TSX VENTURE: IPR.V) ("Inca Shares") from RAB Special Situations (Master) Fund Limited ("RAB") pursuant to the option agreement previously announced (see Inca's news release dated May 28, 2007).

Sprott paid an aggregate purchase price of Cdn $2.00 to RAB for each Inca Share. Of this amount, 50% was paid in cash and 50% was paid in common shares of Sprott. A total of 2,712,312 Sprott shares were issued to RAB at a price of $5.8982 per share, being the 20-day volume weighted average price as at June 5, 2007.

Following exercise of the option, Sprott now owns 19,317,593 common shares of Inca which represents approximately 53% of Inca's current issued and outstanding share capital.

The Inca Shares acquired by Sprott are for investment purposes, and not with a view of exercising control over Inca or being actively involved in its management. Sprott also entered into a voting trust agreement with Inca pursuant to which Sprott has agreed to vote any Inca Shares it holds in excess of 20% of Inca's issued and outstanding share capital in favour of matters Inca's management brings before its shareholders. The voting trust agreement has a term of one year and is renewable for successive one year terms.

INCA PACIFIC RESOURCES INC.

Anthony Floyd, President and Director

Standard & Poor's Listed

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Bill Galine
Inca Pacific Resources Inc.
Investor Relations
[phone]
Email: [e-mail]

[Lone Clone]

Drilling Again Intersects High-Grade Tungsten-Molybdenum Mineralization at Sangdong
Wednesday June 6, 8:30 am ET

http://biz.yahoo.com/iw/070606/0262549.html

VANCOUVER, BC--(MARKET WIRE)--Jun 6, 2007 -- Oriental Minerals Inc. (CDNX:OTL.V - News) is very pleased to announce further high-grade tungsten mineralization from the Company's third drill hole at the Sangdong tungsten-molybdenum project in South Korea. Highlights include an 18-metre interval grading 0.58% tungsten oxide (WO3), 0.19% molybdenum sulphide (MoS2), 0.15% bismuth (Bi), 0.21 g/t gold, and 0.01% tin (Sn).

This intersection is approximately 74 metres up-dip from the March 1, 2007 results reporting a 22-metre interval grading 0.87% WO3 intersected in hole SD-01. Within this 22-metre interval is a high-grade zone over 6 metres grading 2.37% WO3 and 0.12% MoS2, with 0.34 g/t gold, 0.02% tin and 0.15% bismuth.

Highly significant tungsten-molybdenum mineralization has now been intersected in drilling continuously over at least 730 metres laterally up-dip to surface. Intersections of the skarn package thus far include:

* 152 metres grading 0.20% WO3, 0.08% MoS2 in SD-01
* 141 metres grading 0.10% WO3, 0.02% MoS2 in SD-03

Visual indications of tungsten-molybdenum mineralization are evident in SD-04 and SD-06 (assay results are pending on these holes). Oriental is now evaluating Sangdong for its potential to be a very large, open pit mining operation.

Background on Hole SD-02

SD-02 was designed to drill test the entire 165-metre thick skarn package approximately 75 metres up-dip from the first hole SD-01. SD-02 was also designed to drill test the potential for up-dip extensions from the historical molybdenum resource hosted within the Jangsan Quartzite below the skarn package. Unfortunately SD-02 was abandoned part way through the mineralized skarn zone after hitting old workings associated with the historical mining of the Hangingwall Vein at 202 metres depth. A wedge off of SD-02 was made at 120 metres in an attempt to penetrate the Hangingwall Vein workings, but this was also abandoned at 180 metres when it too failed to penetrate these workings.

Results from hole SD-02 sampled above the old workings are tabulated below:

 
 ------------------------------------------------------------------------ 
 Intersection  Depth    WO3   Mo S2  Sn   Au    Bi       Formation 
 Thickness             (%)     (%)  (%) (g/t)   (%) 
 ------------------------------------------------------------------------ 
 31 metres    149-178m  0.06  0.01   0.10 0.01 00.0   Sedimentary Breccia 
 18 metres    178-196m  0.58  0.19   0.02 0.21 0.15   Skarn 
              196-202m                                Cut and fill stope. 
 ------------------------------------------------------------------------ 
 

The mineralized sedimentary breccia-skarn zone in SD-02 averages 48 metres @ 0.26% WO3, 0.08% MoS2, 0.07% Sn, 0.08% Bi, 0.08 g/t Au, and 5 g/t Ag. This lies above the Hangingwall Vein. The skarn package below the Hangingwall Vein workings in SD-02 has yet to be sampled and so mineralization remains open at depth, including around the Main Vein, also previously mined by Korean Tungsten Co., Ltd.

Within the overlying Pungchon Limestone, several intersections of silver-copper-zinc-gold-bismuth were also recorded, including:

 
 ----------------------------------------------------------- 
 Intersection  Depth   Au(g/t) Ag(g/t) Bi(%)  Cu(%)  Zn(%) 
 Thickness 
 ----------------------------------------------------------- 
 1 metre      29-30m   < 0.01   9.4     0.00   0.14   0.00 
 1 metre      31-32m   < 0.01  16.7     0.00   0.21   0.02 
 2 metres     38-40m   < 0.01  41.1     0.01   0.51   0.06 
 3 metres   106-109m     0.09  44.8     0.04   0.10   0.72 
 1 metre    117-118m   < 0.01  26.3     0.01   0.02   0.10 
 1 metre    121-122m     0.03  17.8     0.01   0.02   0.10 
 1 metre    124-125m   < 0.01  21.2     0.01   0.10   0.18 
 3 metres   127-130m   < 0.01  19.2     0.01   0.07   0.14 
 1 metre    143-144m   < 0.01  42.9     0.04   0.38   0.01 
 ----------------------------------------------------------- 
 

These intersections confirm the presence of near-surface mineralization associated with structurally controlled carbonate vein breccias and hematite alteration in the Pungchon Limestone, which was previously regarded as waste. Larger structural zones have been recognized by surface mapping and sampling (as reported February 7, 2007) and will be targeted by a specifically designed drill program after Phase II drilling is completed.

SD-02 intersected the following lithological units in sequence:


0-149m. Pungchon Limestone.
149-181m. Basal sedimentary breccia of the Pungchon Limestone.
181-196m. Quartz-scheelite vein stockworks in skarn altered Myobong Slate.
196-202m. Underground workings.

Drilling Program Update

Phase II Drilling has now commenced on the 100 metre x 100m grid spacing drill out of the Sangdong deposit. Holes SD-07 and SD-08 have completed at their targeted 300 metres depth, Hole SD-09 is currently at 275 metres depth, SD-10 at 208 metres depth, SD-11 at 154 metres depth, SD-12 at 243 metres, SD-13 at 117 metres depth and SD-14 at 6 metres depth, with Hole SD-15 about to commence.

Six diamond drill coring rigs are now operational on site, including an Australian-based Longyear 38, together with all ancillary equipment. A large Australian-based track mounted RD1000 Reverse Circulation-Diamond drill rig and track mounted compressor has also arrived on site and is currently setting up. The arrival of the RD1000 Reverse Circulation-Diamond drill rig offers the potential to penetrate the Hangingwall Vein mine workings, rapidly drill through Pungchon Limestone cover, as well as drill much deeper holes to test the Deep Moly historical resource. Abandoned holes SD-02 and SD-05 will be re-drilled using this more capable, higher performance drill rig.


Please click on the following link to view the Sangdong Mine.
http://www.usetdas.com/maps/orientalminerals/sangdong.pdf
Graphic Hosting Provided by Filing Services Canada Inc.

Within the skarn package, the Main Vein was previously mined by the Korean Tungsten Co., Ltd during 1947-1992. Detailed mine plans suggest approximately 30% of the Main Vein was left behind as roof pillar support. A historical resource of the remaining pillars and the unmined boundaries of the 6-metre thick Main Vein was reported by KORES.

Widespread disseminated molybdenum mineralization has been intersected below the skarn package within the Jangsan Quartzite. This mineralization is associated with narrow bedding concordant quartz-molybdenite veins with occasional sub-vertical vein structures. Drill hole SD-01 has confirmed that a major molybdenum mineralized system is clearly present at the Sangdong mine.

Previous underground drilling (22 diamond drill holes) by Korean Tungsten Co., Ltd and KORES discovered the deep molybdenum historical resource beneath the tungsten mine workings.

Note: Samples are 1-metre split HQ core samples and were submitted to ALS Chemex laboratory in Brisbane, Australia and analyzed by Ore Grade Method XRF-ME05, Au-AA21, ME-ICP41s and Ag-OG46. Quality Control: Blanks and Standards samples were routinely inserted with the drill samples at random intervals. Analysis of Standards indicates the laboratory results are all within +/-5% of certified assays and so results are considered reliable. Blank samples were clean, indicating no cross contamination in the samples.

QUALIFIED PERSON

The qualified person for the purposes of this release is Mr. Mark Dugmore.


On behalf of the Board of Directors,
Damien Reynolds
Chairman and Director

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Distributed by Filing Services Canada and retransmitted by Market Wire


Contact:

For More Information, Please Contact:
Spiro Kletas
Investor Relations
604-681-5755
Email Contact
http://www.orientalminerals.com


Source: Oriental Minerals Inc.

[Lone Clone]

Burn Molybdenum Property Work Program Commences
Tuesday June 5, 8:30 am ET

http://biz.yahoo.com/ccn/070605/200706050395068001.html?.v=1

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 5, 2007) - Tenajon Resources Corp. (TSX VENTURE:TJS - News; the "Company") is pleased to announce that the exploration program for its 100% owned Burn Property has commenced. The Burn Property is an under explored molybdenum project with significant historic drill intercepts supported by strong soil geochemistry and geophysical survey data. The Company has begun a program of geological and geophysical field work which will be followed by a late summer drill program. The purpose of this year's work is to evaluate the potential of the Burn Property to host a significant porphyry style molybdenum deposit.

The Burn Property, located 14 kilometers north of Hazelton, British Columbia, has excellent nearby infrastructure. There is a railhead at Hazelton, power passes to within a kilometer of the property boundaries and the property is easily accessible via gravel roads.

Limited exploration was completed on the Burn Property between 1973 and 1980 by Noranda Mines Ltd. and Amoco Canada Petroleum Company Limited. The work included geochemical and geophysical surveying and the completion of six diamond drill holes. No work has been undertaken on the property since 1980.

Two zones of molybdenite mineralization, West and East have been identified. At both zones molybdenite occurs in quartz vein stockwork, along fracture faces, and as disseminations in both the intrusive and surrounding altered sediments.

At the West Zone, molybdenite occurs in outcrop over a 300 metre by 1000 metre area. Overlying the zone is a 1000 metre wide by 600 metre long greater than 30 ppm molybdenum in soil anomaly. Of the 25 sites comprising the anomaly, 13 assayed greater than 120 ppm molybdenum with the maximum value being 1100 ppm. In addition, a 1978 geophysical survey outlined a high resistivity core peripheral to which are a series of chargeability anomalies coinciding in part with the observed mineralization.

Six holes were drilled in 1979 and 1980 by previous operators to test the West Zone. Tenajon has only been able to retrieve the data for Hole #6 which was located at the north end of the zone. The hole intersected anomalous molybdenum throughout its entire 606 metre length with individual samples assaying up to 0.558% Mo over 3 metres. Significant results are summarized below.

 
 ------------------------------------------------------------- 
              From         To   Interval 
 Hole      (metres)   (metres)   (metres)     Mo (%)   MoS2 (%) 
 ------------------------------------------------------------- 
 80-6           30        144        114      0.053      0.089 
 ------------------------------------------------------------- 
 Incl.          51         72         21      0.132      0.220 
 ------------------------------------------------------------- 
               201        219         18      0.052      0.086 
 ------------------------------------------------------------- 
 Incl.         207        213          6      0.090      0.150 
 ------------------------------------------------------------- 
 

Soil sampling at the East Zone outlined a 1000 metre long by up to 400 metre wide soil anomaly using the 30 ppm molybdenum contour, with values up to a maximum of 132 ppm molybdenum. No geophysical surveying or drilling has ever been completed on the East Zone.

The work at the Burn Property shows it has the potential to host a sizeable molybdenum deposit. In order to better define drill targets geophysical surveying and further mapping and sampling are to be completed. The linecutting will be completed by CJL Enterprises while the geophysical surveying will be undertaken by Scott Geophysics. The drill contract has been awarded to Titan Drilling. Linecutting will commence immediately to be followed by the geophysical surveying. Drilling will be undertaken later in the summer.

Dave Visagie, P. Geo., Northair Group Exploration Manager, is the Qualified Person as defined by NI 43-101 for the Burn Property.

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

D. Bruce McLeod, President

This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.


Contact:

D. Bruce McLeod
Tenajon Resources Corp.
President
[phone] or Toll Free: 1-888-338-2200
[phone] (FAX)
Email: [e-mail]
Website: www.tenajon.com

Source: Tenajon Resources Corp.

[Lone Clone]

Mills to cut spot molybdenum purchases due to China export rule

Steel mills in South Korea and Japan plan to reduce their molybdenum oxide and ferromoly purchases due to China implementing export regulations on these products, sources said this week.

The Chinese government on Friday released a list of 30 molybdenum producers and trading companies to be granted export licenses. Companies without licenses will not be allowed to export. The government is also expected to set the volume of molybdenum products allowed to be exported by each licensed company.

An official in charge of procurement at South Korean steel producer Posco said he had been prepared for this move.

"There had been rumors on the Chinese government actions. It was expected. But this means we need to find other sources outside China ... South America, Chile," the official said.

Posco sources molybdenum products through monthly tenders as well as on contracts. Monthly tenders involve moly products of 100 mt or more.

Sources at Japanese blast furnace mills said they had increased the ratio of contract supplies, sourcing more from Chile on annual contracts, and less from China on spot basis. For January-April 2007, roughly 50% of Japan's ferromoly imports were from China, mostly on a spot basis, and 30% from Chile, mostly on contracts. Due to mills' tendencies to rely more on contracts, market sources generally expect to see a decrease in imports from China, some even saying that Chile may overtake China as the top ferromoly exporter to Japan.

Mill sources generally said they expected molybdenum prices to rise on the back of possible reduction of Chinese exports. One trader, however, gave a different opinion: "Mills reducing tender procurement would mean less spot demand. That may result in falling prices."

[Lone Clone]

Strong Molybdenum Demand Panicking Traders / Commodities / Molybdenum
Jun 05, 2007 - 08:56 AM

By: James_Finch

http://www.marketoracle.co.uk/Article1189.html

Commodities
Record nickel prices are driving stainless steel manufacturers to substitute other metals, such as chromium and manganese in their composition. One metal increasingly being used in a growing number of applications, for which there is less possibility of replacement is molybdenum. Growing demand accompanied by less and less supply is driving the molybdenum price higher. Some believe it could jump another 50 percent in the near future.


Strong Molybdenum Demand Panicking Traders There is presently a growing panic among molybdenum traders. From our sources, it appears reduced inventories have been overpowered by rushing demand for the silvery-white ‘energy metal.' On the day before the Ryan's Notes metals conference at the New York Athletic Club on Tuesday, our sources told us moly traders are sweating, scrambling to find inventory. One told us, “$50 per pound molybdenum is a heartbeat away.” This would represent an increase of nearly 50 percent from present pricing.

How did this tightly controlled, somewhat secretive and closed market get out of control?

Record nickel prices are one of the key drivers. Scarce inventory has forced ThyssenKrupp AG, the world's largest stainless steel manufacturer, to start reducing the company's use of nickel. Further cuts are being contemplated.

Finnish austenitic provider Outokumpu plans to increase production of ferritic stainless steels. Ferritic steels continue to use molybdenum, but are nickel-free. Outokumpu recently released a low-alloyed duplex stainless steel, trademarked LDX2101, with low nickel content, but balanced with manganese, nitrogen and molybdenum. Allegheny Ludlum began campaigning for greater manganese use earlier this year in stainless steel products.

According to the International Stainless Steel Forum, the fastest growing type of stainless are those grades absent the nickel content, or with lesser nickel in the composition.

In yesterday's article, we covered the soaring substitution of super-ferritic stainless steels for copper-nickel and austenitic condenser tubes in nuclear reactors, coal-fired power plants and other power plants.

Plymouth Tube general manager Dan Janikowski told us, “This year, at the pace we are going, we will sell more of this tubing than we've ever sold before. We are working at a record pace.” He was referring to the high chromium, low nickel stainless steel tube called UNS #S44660, which contains 3.7 percent molybdenum.

The S44660 tubing is presently used in Lake Maracaibo's PDVSA collection towers (Venezuela) and in the U.S. government's Strategic Petroleum reserves for cooling gas and/or crude when utilizing sea or brackish waters.

This week, Janikowski meets with General Electric to discuss plans for reactor condenser tubing for nuclear power plants to be constructed for Entergy and Dominion. Recently, his company won the contractor to supply tubing to China's Qinshan #2 reactor. He estimated condenser tubing for new power plants can range between 35,000 and 41,000 pounds of molybdenum.

Our research shows there could be more than 1,000 power plants constructed around the world over the next decade. This quantity of molybdenum consumption alone would represent about one year's of current mining production. China is reportedly constructing between one and two power plants per week.

According to Janikowski and Edward Blessman, technical director of Trent Tube, the major business with respect to the North American power plant market comes from re-tubing worn-out or eroded copper-nickel tubes in the plant's steam condensers. These come in the form of life extensions for both nuclear and fossil fuel plants. “Two-thirds of our activity is in re-tubing existing plants,” Blessman told us. “Scarcity of water is driving the re-tubing.”

New water rules in Nevada, New York, Missouri, Iowa and Arizona have forced power plants to use treated sewage water as cooling water. Utilities can't get fresh water to use in cooling their plants.

Blessman explained that secondary water, such as waste water, can have elevated levels of hydrogen sulfide, ammonia and chloride. These chemicals punish copper-nickel tubing. The highly corrosive water-environment has driven the replacement for super-ferritic stainless steel tubing. Janikowski and Blessman agreed this trend is expected to accelerate because of lessened water availability.

Nowhere is this scarcity more evident than in the Middle East. They both agreed this region has run out of fresh water and are using sea water or treated waste water in their district cooling and refrigeration.

We spoke with Otto Spork, who had been traveling in Europe. His Toronto-based Sextant Strategic Opportunities Fund was recently ranked the ‘best-performing Canadian fund' over the past twelve months with 117-percent returns for that period.

Spork, who had been traveling through the Middle East to promote his recently launched Global Water Fund, confirmed there was no surplus fresh water left in Saudi Arabia, Bahrain or the United Arab Emirates. He called the situation ‘desperate.” This has driven more countries in this region to construct more desalination plants – another potential key driver for the molybdenum price.

Another key factor driving the molybdenum demand, according to Blessman, is the growing number of regulations about copper discharges into the environment.

Blessman explained, “Federal limits are one parts per million, which is very easy to meet with copper alloy tubes.” But he added, “Localized limits, mostly state driven, could be much more stringent.” Blessman pointed to the 12 parts per billion (ppb) discharge limits recently issued for new permits at three NIPSCo (Northern Indiana Public Service) coal-fired plants which discharge into Lake Michigan. He told us this was reported at the Champaign Electric Utility Chemistry workshop last month. “I know of another plant here in Wisconsin with 45 ppb limits.

What we didn't realize is the impact of corrosive water on copper-nickel tubing. Janikowski told us, “Condensers weighing 800 thousand pounds at installation weigh about one-half as much because of all the copper discharges over time.”

These discharges can eventually pose a danger and/or downtime during the power plant's operation. In a paper Janikowski presented at an industry workshop in 2003, he wrote, “The copper can replate on turbine blades, resulting in loss of efficiency, or on boiler tubes, resulting in premature failures. In some North American regions, high discharge levels have prevented the reuse of copper alloys in power plant heat exchangers.”

“Copper-nickel isn't totally out of use, but the high cost and copper release issues have cut into the amount used,” Blessman told us. “My personal estimate is these are less than 20 percent of the power condenser market these days.”

Janikowski agrees, “We know of only one new power plant sited or built in the past ten years in North America using copper-nickel tubing. All of the other new plants have chosen stainless steel or titanium. Some existing power plants are still re-tubing with copper-based tubing but this percentage is dropping.” Because of the high price of titanium and nine-month (or longer) lead times, stainless is outpacing titanium by four to one for such tubing.

The high price of nickel and the far lower price of chromium are driving manufacturers to rely more upon molybdenum for the improved thermal performance required in many power-related applications. The crossover to secondary water for cooling power plants demands a high level of corrosion-resistance not found in many replacement metals. Of course, molybdenum is best-known for its anti-corrosive properties.

Investment Opportunities in Molybdenum Companies

At this time, there are less than a full handful of primary molybdenum producers. The majority of molybdenum production comes as a byproduct of copper mining. A year ago, we forecast the rise of primary molybdenum producers. Shares in companies we began covering a year ago, such as Thompson Creek and expectant producer Roca Mines, have appreciated exponentially.

How much upside is left? This depends more upon the price of molybdenum than any other factors. A year ago, moly companies were kneeling in their prayer boxes, hoping molybdenum would not sink into the teens. Back then, we argued it would go in the opposite direction. Industry forecasts were less sanguine and suggested we were mistaken.

About eleven months ago, we talked with Michael Magyar, the USGS molybdenum commodity specialist about pricing of the metal. He explained, “The molybdenum market usually needs about 10 to 12 weeks of inventory for its comfort level.” That comes to about 60 to 80 million pounds. “The amount of moly floating around right now, in the hands of producers and traders, might be about 10 million pounds.” About two weeks of production.

In November 2006, Magyar told us, “There is not enough excess to rebuild inventories.” Clearly, the moly supply climate got tighter since we began coverage on this space.

In the May 2007 Monthly Stainless Steel Report prepared by Damstahl®, the company forecast that molybdenum ore supply is expected to increase by only 12 percent to 460 million pounds by 2009. The Danish stainless steel manufacturer wrote, “The market will remain tight for some time.” This compares with a statement one trader made to American Metal Market magazine in late May, “The demand is there but the supply isn't.”

On May 29th, the supply got tighter. The recently IPO'ed Sprott Molybdenum Participation Fund announced the purchase of 600,000 pounds of molybdenum. Eric Sprott, who has been promoting his moly fund in the media, has reached legendary status among Canadians for his prescient investing in the uranium sector three years ago. For example, one of Sprott's favorite uranium companies, Energy Metals Corp, announced on Monday it would be acquired by Uranium One at more than 1000 percent from the level where the fund manager began acquiring the company's shares.

We believe Sprott will repeat his success in the molybdenum market.

This past week, Sprott told Canada's Business Television, “Our view is that moly, which at one time touched $40, could have a very good chance of going back there again.” He believes inventories have been depleted and that demand has already exceeded supply.

One of the molybdenum companies in which Sprott has invested is Roca Mines. We talked with Scott Broughton, chief executive of this company. He agreed with Sprott, “Current demand for concentrates is clearly outpacing supply.”

Broughton knows this because his company will be mining and milling at the MAX molybdenum deposit in British Columbia this summer. “We have gotten significant, recent interest from Asian and North American buyers,” he told StockInterview. “Those buyers are both end-users and metals brokers desperately seeking off-take, despite the fact that Roca Mines already committed its production for 2007.”

Some are not surprised at the molybdenum price's strong rally over the past year. Adanac Molybdenum Corp's executive vice chairman Larry Reaugh told us, “I've been watching the moly story unfold since our exploration days in the mid 1990s. The usual market demand will be further upwardly affected through new usage created by environment, energy and water requirements in emerging economies in Asia, South America and the Middle East.”

Reaugh, who follows the sector like a hawk, believes the molybdenum price will eclipse the previous 2005 highs, as early as this summer. (Top-rated fund manager Otto Spork, mentioned earlier in this article, has molybdenum exposure through his fund's investments in Adanac.)

Pioneering moly commentator Ken Reser is overjoyed with recent developments in the market place, but insists, “Moly prices have a fair ways to climb yet as more new uses and realities of molybdenum demand present themselves.” Reser, who also serves as a research consultant to Adanac, believes molybdenum could become front page news soon, as we have found in the uranium mining market.

But Reser warns, “Many investors are going to be burned by the rainbow chasers and fly-by-nights.” We agree because we've seen the number of uranium ‘mining' companies grow from 30 to more than 400, since we began covering this space. Most lack the technical expertise or deposits required to commence mining operations.

Nonetheless, we anticipate this growing interest in molybdenum mining companies will continue to attract herds of investors. In a recent article, we prepared a ‘ratings checklist' for investors to utilize when evaluating the smaller, and possibly prospective, molybdenum juniors. As a reference case, we reviewed United Bolero, which met our coverage criteria. For other possibilities, one can review StockInterview's Molybdenum HQ.

By James Finch