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How about GERS and SDVI? GERS is a special situation opportunity, asit is suing 21, yes 21 alleged Infringing Co's for using the Ethanol extracting machines without paying Royalties, which about 15 contracted Co's are doing right now!! The cases are coming to a close as VERBAL arguments are to take place on December 3rd., 2019! As I understand it, it will be for the Judges to clear-up a few Questions they probably have!
SDVI has 2 Technology products (One has 2 Awards, one Gold and One Bronze for its quality) They also bought-out a Hemp CBD Company by the name of Nano-101 which has CBD pain Patches that are selling well right now!!!
CEX.v new 3+ year highs yesterday covered here as well...cheers...hsb
http://www.bullmarketrun.com/?p=22330
CEX.v getting some nice coverage on BNN...nice to see...glta...hsb
http://www.bnn.ca/Video/player.aspx?vid=375667
TWD.v ...Tweed Marijuana lights up in first day of trading
http://www.cantechletter.com/2014/04/tweed-marijuana-lights-first-day-trading/
Tweed Marijuana (TSXV:TWD) is among Canada’s most actively traded issuers in its first day of trading today. At press time, more than eight-million shares of the Ontario-based company have changed hands.
Tweed is one of twelve companies that earned a license to grow medical marijuana through Health Canada. The company raised $30-million through an RTO in March.
Tweed plans to spend the proceeds of its private placement to open a 150,000 square-foot medical marijuana facility in a former Hershey’s plant in Smiths Falls, Ontario. The company says it will charge between $5 and $12 a gram, depending on the strain of cannabis it delivers.
A current report from research firm ArcView Market Research says the legal market for cannabis in the United States could grow 64% in 2014 to (U.S.)$2.34-billion and reach $10.2-billion in five years. In a recent interview, Western University economist and professor Mike Moffatt said the legalization of marijuana in Canada could generate as much as a billion a year in tax revenue.
“We would tax marijuana, get it out of the hands of organized crime and have that revenue go to the government instead,” he said.
At press time, Tweed Marijuana was trading at $2.70, after trading as high as $5.10 earlier in the day.
TWD.v got a ton of weed at 2.40
TWD.v Canada's First publicly traded Licensed Med. Marijuana co will go public tomorrow...hsb
Larry Poirier's NEX shell, LW Capital Pool Company Inc. (LWI), has finally completed its QT by acquiring Chuck Rifici's Tweed Inc. The shell has rolled back 1:5 and tomorrow will resume trading as Tweed Marijuana Inc. under the symbol TWD. The public will finally be able to buy shares in Canada's first publicly traded pot company, which will be seen as the leader of the medical marijuana companies in Canada. Tweed started signing up patients, as it calls them, last February, but has yet to start shipping its pot. According to Bruce Linton, Tweed's chairman, the company's first crop should be ready for harvest and sale before the end of the month. Tweed has a licence to produce up to 15 tonnes of pot each year. Should it be able to find enough customers -- the company has already said demand is high -- Tweed will be a very profitable company. It will sell its pot for $5 to $12 a gram, which means potential revenue of between $75-million and $180-million, and estimates total annual expenses to be about $3.2-million. It is hard to believe, but that is a lot of green
SMB.v continues to improve (+12.50% so far today) ...congrats to those who have initiated or added down below... weekly chart quite constructive...hsb
SMB.v Weekly TA,
Given the back drop in the huge move we've seen this past week in the shares of TPN.v I thought it might be worth taking a look at their neighbour in the Kenya play SMB.v which we have followed for awhile on here. The chart shows the shares have been in a pretty steady decline since they peaked at .26 in May-Jun 2012 timeframe.
It is early perhaps but it appears that rate of decline has slowed and the stock appears to be headed mostly sideways for the last 6 mos or so, however there are several points of interest to note on the indicators which may suggest that things are about to change.The CMF is +ve indicating that moneyflow is into accumulation, the level is still pretty low as indicated by the relatively benign ACC/DIS line, the ADX has fallen underneath both DI+/DI- lines indicating a big move is typically pending, PSAR has flipped underneath price indicating buy time...MACD cross just occurred and the histogram is trending positive...lots of signs that this baby tigger might be ready for a turn in the spotlight and those patiently accumulating their positions could soon be rewarded...as always DYODD and glta...hsb
http://stockcharts.com/h-sc/ui?s=SMB.V&p=W&yr=2&mn=0&dy=0&id=p98977152768&a=279814536&listNum=13
BOOM COMING MDRM HOTTEST PLAY IN THE WEED SECTOR!
BGM.v...Winter of Ian Gordon’s Discontent
Posted on January 21, 2014 by Editor
Ian Gordon
As the Fed runs low on ammunition to further suppress the gold price, Ian Gordon, founder and chairman of the Longwave Group, is extremely bullish on gold. In this interview with The Gold Report, he recounts his history of the manipulation of the gold price and its implications for the global economy. He also expands on research showing that juniors are more effective and cost efficient at making discoveries.
Educated in England, Gordon graduated from the Royal Military Academy, Sandhurst. After a few years serving as a platoon commander in a Scottish regiment, he moved to Canada in 1967 and entered the University of Manitoba’s History Department. Taking that step has had a profound impact because, during this period, he began to study the historical trends that ultimately provided the foundation for his Long Wave theory. Gordon has been publishing his Long Wave Analyst website since 1998. Eric Sprott, chairman, CEO and portfolio manager at Sprott Asset Management, describes Gordon as “a rare breed in the investment-adviser arena.” He notes that Gordon’s forecasts “have taken on a life force of their own and if you care to listen, Gordon will tell you how it will all end.”
Interview by Brian Sylvester of The Gold Report
The Gold Report: Gold was among the worst performing assets in 2013. How have its trading patterns and performance over the last two years informed your predictions for 2014?
Ian Gordon: I’m extremely bullish for the gold price in 2014. Part of that bullishness is related to my work on cycles. Indeed, I am confident that 2014 will see the beginning of the 4th long-term cycle for precious metals and precious metals stocks and the bullish phase of this cycle should last about three years.
The prices of precious metals and precious metals stocks have been badly bruised following their price peaks in 2011, due in part to what I consider to be manipulation in the COMEX. There is a long history of gold price manipulation: In the 1960s, the London Gold Pool was formed to try to hold the price at $35/ounce ($35/oz) — the price the U.S. dollar was pegged to — because gold was leaving the U.S. The London Gold Pool lasted for six years, at which point it became impossible to maintain the $35/oz price and that effectively forced the U.S. off gold in 1971. In the 1970s, the gold price rose, eventually reaching $800/oz in 1980. In an attempt to contain the rising gold price, the International Monetary Fund and the U.S. sold gold during the late 1970s. In 1999, the price of gold bottomed at $250/oz, then started to bubble up.
As the price of gold started to rise, the U.S. inveigled countries like Canada, the United Kingdom and several others to sell their physical gold, in an effort to contain the price. When those overt gold sales failed to stop the price from rising, Western central banks moved to gold leasing. That was done so funds that were borrowing the gold could sell it to suppress the price. That came to an end when there was no more gold to lease, perhaps evidenced by the fact that U.S. cannot return just 300 tons of gold to Germany.
“Integra Gold Corp. sees this downside in gold as an opportunity to acquire cheap good assets and build on the Lamaque project.“
The final battlefield for the U.S. war on gold is being waged in the COMEX. Gold was down $480/oz during 2013, and on two days in April, it was down $246/oz, which is more than half the total drop in the gold price for all of 2013. The ratio on the COMEX of paper gold to physical gold is now effectively 100:1.
It seems to me the U.S. is running out of ammunition to suppress the price of gold, to convince people that the paper dollar is better than gold. All the physical gold has been moving to Asia. The war will end in 2014. The manipulation will be exposed for what it is. When that happens, the gold price will rise dramatically.
TGR: Is there any evidence that gold’s previous price performance can be used to forecast its future performance, or are we in uncharted territory?
IG: Whenever we have manipulation in markets it becomes much more difficult to make forecasts. For example, the stock market is being driven higher through massive monetary stimulus on the part of the central banks, particularly the Federal Reserve.
Our research demonstrates that cycles of secular bull and bear markets occur within what we call the longwave cycle seasons. We are now in the winter of the longwave cycle, when debt is effectively taken out of the economy. The central banks are resisting that process and have been since 2000. During the winter of the longwave season, gold is in a secular bull market and stocks should be in a secular bear market.
We’ve been in a secular bull market for gold and the gold stocks effectively since 2000. The HUI Gold BUGS Index bottomed at $35.50 in 2000; today it’s just above $200. The gold price bottomed at $251/oz and today is above $1,225/oz. Within these secular cycles there are long-term and intermediate cycles. Long-term cycles last between four and five years and there are four and a half of these long-term cycles in each secular cycle. I have written about how these cycles fit together; this can be seen on my website.
We should be in a price bottom of the 3rd long-term cycle and beginning the bullish phase of the 4th long-term cycle for precious metals and precious metals stocks. In my cycle work I have estimated that this bullish phase should take the price of gold to $3,300/oz and the HUI Index to $990 sometime early in 2017. It won’t be straight up; there will be intermediate corrections along the way.
TGR: Is 2014 the year that the financial system crumbles?
IG: I’m absolutely convinced that will happen this year. According to our cycle work, we’re in a currency crisis very much akin to the crisis of the last longwave winter during the 1931–1933 global currency crisis. I believe we will see world currencies fail this year. The euro and the dollar are going to be in jeopardy.
Out of that, a new world monetary system will evolve, much as it did at Bretton Woods in 1944. This will be a very difficult process as people lose faith in fiat paper currencies and turn to gold and silver.
TGR: Some people argue that this apocalyptic gold narrative does nothing to help gold stocks and gold investors. How do you respond to that?
IG: I think that is ridiculous. The world is facing an unprecedented fiat paper money currency crisis that can only end very badly. I know that gold goes up in the longwave winter as it did after 1929, and before that, after 1873. The price of gold rises because people no longer trust paper money.
The paper money fiasco is getting out of hand. France and Italy are teetering. When they collapse, it will be very difficult to keep the euro functioning as a currency.
I’m confident that the gold bull market is nowhere near over because in times of crisis gold becomes the money of choice. As I have already said, we are facing a mammoth crisis.
“I am confident that 2014 will see the beginning of the 4th long-term cycle for precious metals and precious metals stocks and the bullish phase of this cycle should last about three years.”
TGR: In a December 2013 issue of That Was the Week That Was, you noted some points made by Richard Schodde of MineEx Consulting when he compared the performance of juniors and seniors in mineral exploration in Canada and elsewhere since 1960. What were some of his findings?
IG: I think the most important thing we can take from his analysis is the importance of the junior companies in the exploration field. Between 1960 and 2012, 46% of the largest discoveries were made by junior companies. The juniors also were much more efficient than their senior counterparts in making those discoveries. It cost the juniors far fewer dollars to make discoveries similar to those made by the seniors.
TGR: If gold stays at around $1,200/oz, Schodde expects about $1.3 billion ($1.3B) to be spent annually on exploration in Canada. You help exploration companies arrange financing. How did 2013 compare with 2012 in that regard?
IG: Both were difficult years. Many junior mining companies are fighting just to survive. Toronto, the principle financial hub for the mining sector, was to a large extent put out of the financing game because the gold funds were experiencing significant redemptions and had to sell positions to make those payments. There was no money for financing.
I’ve noticed that Europeans and Americans along the eastern seaboard remain pretty active in financing the juniors. Europeans understand gold and they understand that paper currencies are in serious trouble.
I suppose my biggest contribution to financing last year was helping Barkerville Gold Mines Ltd. (BGM:TSX.V) raise a $15 million ($15M) gold loan through Eric Sprott.
TGR: Barkerville had issues crop up in 2012 that carried through 2013. Have they been resolved?
IG: Yes. The British Columbia Securities Commission lifted the cease-trade order on the company in 2013.
“When the market caves in, the Fed will be unable to bring it back because it has no room to cut interest rates.”
There were 14 months when the company could not raise capital, but continued to spend money. Snowden Mining Industry Consultants was brought in to do a new NI 43-101. That took time, but the numbers are not hugely different from the numbers that Peter George and Geoex originally came up with. The capped resource is 5 million ounces (5 Moz) and the potential is much larger than that.
I’m extremely bullish on Barkerville Gold Mines. I have visited the property several times and believe Barkerville could become one of the world’s biggest gold deposits at a really good grade of something like 3 grams/ton from surface.
TGR: Is Barkerville drilling now?
IG: First, the company is following Snowden’s recommendation to use metallic screening to redo assays because the deposit is nuggety. As a result, we expect a possible 20% bump in the resource.
Second, a lot of the drill holes done through visual inspection were determined to be barren, and were not submitted for assay. Now, Barkerville is assaying those drill holes. That could produce another bump in the resource. In addition, a lot of the Inferred will probably be moved into Indicated and some of the Indicated could even be moved into Measured.
TGR: What’s on tap for some of the junior miners you mentioned in your last interview with The Gold Report?
IG: I really like Terraco Gold Corp. (TEN:TSX.V). It has an excellent management team — a particularly important component for a junior miner. The company has 1 Moz in Idaho, and a property that abuts the Barrick Gold Corp. (ABX:TSX; ABX:NYSE) and Midway Gold Corp. (MDW:TSX.V; MDW:NYSE.MKT) joint venture at Spring Valley. Terraco’s management acquired some royalties on that Barrick/Midway property, which I think could have a value of $50M and that is considerably greater than Terraco’s tiny market cap.
TGR: Terraco has the right to exercise an option on a 3% net smelter royalty on the Barrick/Midway Spring Valley joint venture. Terraco has to act on that $15.1M option before December 2016. Do you think that’s likely?
IG: Barrick will be very interested in appropriating that royalty for itself. Royalties are so costly to production that no company likes to give out big royalties. I think that before the time is up someone will buy out that royalty. That would give Terraco lots of cash.
TGR: What about other companies you discussed?
IG: Temex Resources Corp. (TME:TSX.V; TQ1:FSE) has close to 5 Moz and an NI 43-101 on its Juby and Whitney properties. Whitney abuts Timmins and is situated on the old Hallnor mine, one of the highest-value producing gold mines on that belt.
TGR: Temex has been working on those assets for a long time and finally has something fairly substantial. Once the market turns, could this be one of the better assets out there?
IG: Yes. Temex is trading at $0.09/share and has 5 Moz gold. When the gold price starts bubbling and attention turns back to the junior gold mining companies, it’s not a stretch to see a stock like this doubling and tripling from that position in very short order.
TGR: Does Temex have what it needs to survive until the market turns?
IG: The company really slowed down its cash spending on exploration. It has about $3M in cash and could easily go another year on that amount.
I don’t think cash will be an issue for Temex or Terraco.
TGR: Are there any other companies you would like to talk about?
IG: Two that spring to mind have only recently come to my attention. Brazil Resources Inc. (BRI:TSX.V; BRIZF:OTCQX) has a resource in Brazil. The company has a very competent management team led by Amir Adnani, who ran Uranium Energy Corp. (UEC:NYSE.MKT) and did extremely well for shareholders.
One of the company’s projects in Brazil has about 1.4 Moz gold. It just raised $6.4M, a sign that investors are attracted to the company. According to Amir, the company will use some of that money to buy up cheap assets and add to its portfolio. I like that kind of thinking.
Integra Gold Corp. (ICG:TSX.V) has a similar perspective. It owns the Lamaque project in Québec’s Val-d’Or. That project is an NI 43-101 resource just under 1 Moz, but the company has recently raised $5M. President Steve de Jong sees this downside in gold as an opportunity to acquire cheap good assets and build on the Lamaque project.
TGR: Can you offer a couple of investable themes as 2014 begins?
IG: I’m extremely bullish on the gold price. The gold price will explode to the upside once it becomes apparent that the emperor has no clothes and no gold, and the war on the gold price ends. That means junior mining companies with good assets and good management will do likewise.
On the other hand I’m extremely bearish on the stock market simply because of my cycle work. Since 2000, we’ve been in a 2, 5, 2, 5 sequence: two years down, five years up, two years down and five years up. These are Fibonacci numbers and in cycles such numbers are very important. It suggests to me that the end is nigh for the stock market in 2014.
When that happens, the Federal Reserve will be out of ammunition to keep stock prices higher. Interest rates in the U.S. are essentially at zero and we’re pushing money at the rate of $75B a month into the major U.S. banks. When the market caves in, the Fed will be unable to bring it back because it has no room to cut interest rates. If the Fed keeps printing money at the current rate or increases it, the dollar will be under tremendous pressure. The Fed is caught between a rock and a hard place.
TGR: So, even if quantitative easing (QE) comes back, it won’t suffice.
IG: Increasing QE to induce money back into the stock market through the banks will destroy the dollar. Once that begins, interest rates have to rise and that will be the quandary facing the Fed.
TGR: Ian, thank you for your time and your insights as we head into 2014.
A globally renowned economic forecaster, author and speaker, Ian Gordon is founder and chairman of the Longwave Group, which comprises two companies — Longwave Analytics and Longwave Strategies. The former specializes in Gordon’s ongoing study and analysis of the Longwave Principle originally expounded by Nikolai Kondratiev. With Longwave Strategies, Gordon assists select precious metal companies in financings.
Read what other experts are saying about:
Integra Gold Corp.
COMPANIES MENTIONED:
BARKERVILLE GOLD MINES LTD. : BRAZIL RESOURCES INC. : INTEGRA GOLD CORP. : TEMEX RESOURCES CORP. : TERRACO GOLD CORP.
Want to read more Gold Report interviews like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators, visit our Streetwise Interviews page.
DISCLOSURE:
1) Brian Sylvester conducted this interview for The Gold Report and provides services to The Gold Reportas an independent contractor. He or his family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Gold Report: Terraco Gold Corp., Brazil Resources Inc. and Integra Gold Corp. Streetwise Reports does not accept stock in exchange for its services or as sponsorship payment.
3) Ian Gordon: I or my family own shares of the following companies mentioned in this interview: Barkerville Gold Mines Ltd., Terraco Gold Corp. and Temex Resources Corp. I personally am or my family is paid by the following companies mentioned in this interview: None. My company has a financial relationship with the following companies mentioned in this interview: Barkerville Gold Mines Ltd., Terraco Gold Corp. and Temex Resources Corp. I was not paid by Streetwise Reports for participating in this interview. Comments and opinions expressed are my own comments and opinions. I had the opportunity to review the interview for accuracy as of the date of the interview and am responsible for the content of the interview.
4) Interviews are edited for clarity. Streetwise Reports does not make editorial comments or change experts’ statements without their consent.
5) The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer.
6) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned and may make purchases and/or sales of those securities in the open market or otherwise.
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http://juniorminingnews.com/?p=3858
Wallstreet sniffing a bottom may be in...
Gold's Junior Mining Stocks Have Bottomed...hsb http://www.minyanville.com/sectors/precious-metals/articles/junior-mining-stocks-bear-market-TSX/1/16/2014/id/53397?camp=syndication&medium=portals&from=yahoo
PGX.v News Out...hsb
Prosper, Firesteel drill 334 m of 0.35% Cu at Sheslay
2013-10-29 09:11 ET - News Release
Also News Release (C-FTR) Firesteel Resources Inc
Mr. Pete Bernier of Prosper Gold reports
PROSPER GOLD EXTENDS STAR PORPHYRY COPPER GOLD DISCOVERY; SHESLAY PROJECT-NORTHWESTERN BC
Prosper Gold Corp. and Firesteel Resources Inc. have released the results from the final three drill holes of a six-hole 2,339.74-metre drill program completed on the Sheslay porphyry copper-gold project in northwestern British Columbia. This follows the previously announced qualifying transaction with Firesteel Resources Inc. (May 7, 2013 news release) in which Prosper Gold may acquire an 80% interest in the 6,829 hectare Property.
Highlights
-- DDH S027: 0.35 % Cu, 0.11 g/t Au over 334 m
-- DDH S028: 0.45 % Cu, 0.26 g/t Au over 144 m
-- DDH S029: 0.34 % Cu, 0.21 g/t Au over 252 m
Drill Results
----------------------------------------------------------------------------
INTERVAL
DDH FROM (m) TO (m) (m) Cu % Au g/t Ag g/t
----------------------------------------------------------------------------
S027 7 341 334 0.35 0.11 0.84
----------------------------------------------------------------------------
incl 7 160 153 0.41 0.13 1.05
----------------------------------------------------------------------------
incl 7 267 260 0.39 0.12 0.93
----------------------------------------------------------------------------
Incl 204 267 63 0.43 0.12 0.75
----------------------------------------------------------------------------
S027(i) 504 576 72 0.27 0.10 0.57
----------------------------------------------------------------------------
S028 8 152 144 0.45 0.26 0.80
----------------------------------------------------------------------------
incl 15 30 15 0.54 0.22 0.89
----------------------------------------------------------------------------
incl 61 70 9 0.96 0.41 1.15
----------------------------------------------------------------------------
incl(ii) 61 121 60 0.63 0.30 0.91
----------------------------------------------------------------------------
S028 193 270.77EOH 77.77 0.43 0.23 0.78
----------------------------------------------------------------------------
incl 197 213 16 0.66 0.35 1.12
----------------------------------------------------------------------------
S029 11 263 252 0.34 0.21 0.71
----------------------------------------------------------------------------
incl 11 88 77 0.46 0.27 0.82
----------------------------------------------------------------------------
incl 29 88 59 0.53 0.31 0.94
----------------------------------------------------------------------------
incl 179 263 84 0.35 0.18 0.61
----------------------------------------------------------------------------
S029 403 428 25 0.2 0.136 0.61
----------------------------------------------------------------------------
(i)Deepest porphyry copper gold intercept to date on the property,
confirming depth potential of the Sheslay mineralized system.
(ii)Higher grade near surface porphyry copper gold intercept.
Widths reported are drill widths; true widths are unknown. Assays are uncut, length-weighted average values. Drill hole locations and drill result details are given on the company website at www.ProsperGoldCorp.com.
Previously released drill hole results (October 1, 2013 News Release) for DDH's S024, S025 and S026 are as follows:
-- DDH S024: 0.37 % Cu, 0.24 g/t Au over 312.16 m (Incl. 77.12m @ 0.66 % Cu, 0.55 g/t Au, 1.11 g/t Ag) -- DDH S025: 0.42 % Cu, 0.20 g/t Au over 269.00 m (Incl. 237 m @ 0.46 % Cu, 0.22 g/t Au, 0.65 g/t Ag) -- DDH S026: 0.35 % Cu, 0.15 g/t Au over 263.00 m (Incl. 165 m @ 0.44 % Cu, 0.20 g/t Au, 0.78 g/t Ag
Phase 1 Drill Program Completion - Key Points
-- Drill holes S024 to S029 cover an area of approximately 300 metres by 300 metres of the Star Porphyry body. They confirm consistency of grade for all 6 drill holes. -- Mineralization is open for extension in all directions. DDH S027 shows the mineralized system is deep rooted with depth potential to at least 598 metres from surface. -- Based on historical drill results, new geophysical chargeability and magnetic data, and soil geochemistry and highly mineralized trenches 500 metres to the south, less than 20% of the Star copper gold porphyry body has been drill tested to date. -- The Star North target located 800 metres to the northeast and the Star East target located 800 metres to the east have not been drill tested. They appear to have similar size potential to the main Star porphyry discovery, with similar associated geophysical and anomalous geochemical signatures.
Pete Bernier, the Company President and CEO comments: "We are pleased with the first phase of exploration results and confirmation of our interpretation of the size of this mineralized system. Prosper looks forward to expanding the scale of the 2014 drill program to grid drill the Star discovery to a NI 43-101 compliant resource level, and drill test the remaining porphyry targets (Star North, Star East, Copper Creek, and Pyrrhotite Creek). It is also our intent to expand on the Company's current project base with a focus in North and South America."
Quality Assurance/Quality Control
Prosper Gold has applied a rigorous quality assurance/quality control program at the Sheslay Project using best industry practice. The core is logged; spot XRF measurements are made directly on the core at 33 cm intervals and magnetic susceptibility measured at 10 cm intervals. Drill core is sawn in half lengthwise at the property and half of the core is placed in plastic bags and sealed. The remaining half core is retained in core boxes stored at the project. The program includes chain of custody of samples from drill to laboratory.
A standard sample, a blank sample, or a duplicate sample is inserted into the sample stream every tenth sample. Two certified ore assay laboratory standards used in the process, were supplied by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, BC. In total, 144 quality control samples (about 10% of 1454 samples) were analyzed. Prosper Gold detected no significant QA/QC issues in reviewing the results.
Samples, including those for quality control, are shipped to ALS Minerals' preparation lab in Terrace, B.C. Samples were analyzed at ALS's ISO 9001:2008 certified North Vancouver laboratory for gold by fire assay and ICP-AES finish, and for 48 elements including copper, molybdenum and silver by ICP-MS using four acid digestion.
Qualified Person
The technical information in this news release has been reviewed by Dirk Tempelman-Kluit, PhD, P.Geo., a Qualified Person under National Instrument 43-101.
We seek Safe Harbor.
© 2013 Canjex Publishing Ltd. All rights reserved.
Vancouver Venture: Uncovering and sharing junior resource investing -
http://vancouverventure.blogspot.ca/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92380742
http://www.sim.org/
God Bless
PGX.v Halted this am...dbv.v moving up in speculation.
Prosper Gold halted at 6:17 a.m. PT
2013-09-30 09:20 ET - Halt Trading
Prosper Gold Corp. has been halted at 6:17 a.m. PT on Sept. 30, 2013, at the request of the company, pending news.
© 2013 Canjex Publishing Ltd. All rights reserved.
CKR.v News Out...hsb
Caribou Acquires Additional Claims at Mulloy and Increases Acreage by 50% Near Zenyatta's Albany Pro
V.CKR | 53 minutes ago
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 27, 2013) - CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") (TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce that it has acquired three additional strategic claim blocks contiguous to the southwest of the 100% owned Mulloy graphite project, located ten kilometers west of the Zenyatta Ventures Albany graphite project in Ontario. The acquisition increases the property by 50% to 5,693 hectares, and now includes the southwest end of a regional magnetic trend that encloses seven recently-discovered EM conductors (see news release, September 25, 2013).
As announced previously, the seven conductors define a broad, southwest to northeast trending corridor that parallels the regional aeromagnetic trend for over 1.6 kilometers and remains open in all directions. Permits for line-cutting and drilling have been submitted and are expected shortly, after which a grid will be established to further refine the strike length of the conductive corridor.
Mulloy Project Maps: http://caribouking.com/wpsite/graphite/mulloy/
The new claims are located approximately two kilometers southwest of the historic graphite discovery hole by Shell Canada Resources Ltd. that encountered 90% visual graphite in 18.68 meters of graphitic schist, followed by a second graphitic schist intersected over 19.78 meters for a total of 38.46 meters (see news release, August 15, 2013). The total depth of the drill hole was 182.70 meters and is located approximately 10 kilometers west of the Zenyatta's Albany graphite project. An estimate of true thickness cannot be determined from the historic drilling, and the graphite content is a visual historical estimate and should not be relied upon without lab assay confirmation.
Michael England, CEO and Director states, "We are excited to have secured the entire magnetic trend that underlies the Mulloy property. Exploration on the new claim area will commence shortly and will consist of horizontal loop EM surveys and sampling to further define the broad, northwest-trending corridor of conductors that trends towards the new claims area. This is a very active and exciting time for Caribou King as we explore all of our highly prospective graphite properties, several of which are in close proximity to historic and operating graphite mines."
The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.
About Caribou King Resources
Caribou King Resources Ltd. (TSX VENTURE:CKR) is a publicly-listed, Canadian junior exploration company that holds a portfolio of highly prospective mineral properties located throughout Canada, including seven newly-acquired graphite projects. These Graphite projects include: Mulloy and Nezen in Ontario that are close to and adjoin the Zenyatta Ventures Ltd. Albany graphite project; TAC in Quebec with historic drilling including 9.86% Cgf over 46.75 meters; Lac Vert in Quebec with graphite intersections in three historic drill holes; Calumet in Quebec that is contiguous to the Canada Carbon (TSX VENTURE:CCB) Miller hydrothermal lump-vein graphite project; Buckingham that is located 750 meters west of the historic Walker Graphite Mine; St.Aime property that is contiguous with the Timcal Graphite Mine, currently Canada's only producing graphite mine. Caribou is advancing each of these projects through multiple active exploration programs now underway.
On Behalf of the Board of Directors
Michael England, CEO
Caribou King Resources Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caribou King Resources Ltd.
Michael England
CEO
1-604-683-3988
1-604-683-3995 or Toll Free: 1-888-945-4770
www.caribouking.com
Marketwired (Canada)
September 27, 2013 - 9:24 AM EDT
LG.v (+16%)continues to show a nice bounce off the earlier lows...congrats to those who grabbed the cheapies...hsb
LG.v (+20%) some cheapies got taken out in lieu of the BGM.v news this am...congrats to those who got some... :)
hsb
BGM.v Barkerville Gold arranges $15-million loan Barkerville Gold Mines Ltd
Barkerville Gold arranges $15-million loan
2013-09-24 17:23 ET - News Release
Mr. Frank Callaghan reports
BARKERVILLE GOLD MINES LTD. RECEIVES A TERM SHEET FOR A $15 MILLION GOLD LOAN FACILITY AND MAKES APPLICATION TO THE TSX-V FOR REINSTATEMENT
Barkerville Gold Mines Ltd. has entered into a term sheet with 2176423 Ontario Ltd., which the company is informed is wholly owned by Eric Sprott, respecting a proposed $15-million gold loan facility to be provided to the company by the lender. The facility is expected to be advanced to the company on or about Oct. 4, 2013, in conjunction with the company's planned reinstatement for trading on the TSX Venture Exchange, assuming the successful completion of the company's reinstatement application with the TSX-V, in a single advance of $15-million in accordance with the terms and conditions of a proposed credit agreement, which is presently being prepared. The company intends to use the proceeds of the facility to pay for existing trade payables, to repay its recent bridge loan of $1.5-million and for the payment of operating expenses on a going-forward basis.
The facility is to be guaranteed by the company's subsidiaries, and secured by a first-ranking security over all of the credit parties' present and future assets and a pledge of the shares of the company's subsidiaries. The facility is to be due and payable in full on or before 30 months after the closing date, and the company may not voluntarily prepay the facility at any time prior to maturity without the lender's prior written consent. The facility does not bear interest. The facility is to be repaid through three cash payments made every 10 months after the closing date, based each time on what would be the notional value of 4,166.67 ounces of gold to be deliverable on each such repayment date (being 12,500 ounces over the term of the facility) and priced at the then Bloomberg composite closing value of gold (ticker: GLD) at 4 p.m. on the day prior to each particular repayment date over the term of the facility. If the then current gold price is less than $1,200 (U.S.) per ounce on a particular repayment date, then the company's corresponding repayment amount shall be determined using a reference price of $1,200 (U.S.) per ounce. If the then current gold price is above $1,600 (U.S.) per ounce on a particular repayment date, then the company's corresponding repayment amount shall be determined using a reference price of $1,600 (U.S.) per ounce. Notwithstanding the foregoing, the company will guarantee a minimum rate of return to the lender of 10 per cent per year on the aggregate principal amount of the facility over the life of the facility.
In consideration for the advance of the facility and currently therewith, the company, subject to prior TSX-V approval, will issue nine million transferable share purchase warrants of the company that will be exercisable for 30 months, and will be exercisable at the price which is the greater of 50 cents and a 20-per-cent premium to the volume-weighted average trading price of the company's common shares on the TSX-V for the five-trading-day period commencing five trading days after the company's common shares are reinstated for trading. After reinstatement for trading of the company and in the event that the volume-weighted average trading price of the company's common shares on the TSX-V for a period of 10 consecutive trading days is at a 50-per-cent premium to the exercise price, the company may require the lender to exercise $5-million worth of the bonus warrants within 10 calendar days of the date the company provides written notice to the lender. Furthermore, in consideration for structuring the facility, the company has agreed to pay the lender a $125,000 structuring fee, together with the lender's reasonable legal and other out-of-pocket expenses incurred in connection with the facility.
In conjunction with the planned facility closing the company has now made a formal application to the TSX-V to have its common shares reinstated for trading.
We seek Safe Harbor.
© 2013 Canjex Publishing Ltd. All rights reserved.
CKR.v News Out...hsb
Caribou King finds three new EM conductors at Mulloy
2013-09-25 10:57 ET - News Release
Mr. Michael England reports
CARIBOU KING RESOURCES LTD.: SEVEN CONDUCTORS NOW IDENTIFIED OVER A 1.6 KILOMETER CORRIDOR AT MULLOY NEAR ZENYATTA'S ALBANY GRAPHITE PROJECT
Caribou King Resources Ltd. has identified three new eletromagnetic (EM) conductors on its 100-per-cent-owned Mulloy graphite project, located 10 kilometres west of Zenyatta Ventures' Albany graphite project in Ontario. A broad, northwest-trending corridor of seven EM conductors has now been established that parallels the regional aeromagnetic trend for over 1.6 kilometers and remains open in all directions. Permits for line-cutting and drilling have been submitted and are expected shortly, after which a grid will be established to further refine the strike length of the conductive corridor.
Mulloy Project Maps: http://www.caribouking.com/index.php?page=projects&project=18
Two additional horizontal loop EM survey lines were conducted on existing roads located southwest of the initial north-south claim line survey (L0) that identified the four previous conductors (see news release Sept. 11, 2013). One new conductor was encountered on a NW-trending road located one kilometer southwest of the L0 survey, and two conductors were identified on a second NW-trending road located 1.6km from the L0 survey. These two conductors are 175m apart and approximately 1.5km southwest of the historic graphite discovery hole by Shell Canada Resources Ltd. that encountered 90% visual graphite in 18.68 meters of graphitic schist, followed by a second graphitic schist intersected over 19.78 meters for a total of 38.46 meters (see news release, August 15, 2013). The total depth of the drill hole was 182.70 meters and is located approximately 10 kilometers west of the Zenyatta's Albany graphite project. An estimate of true thickness cannot be determined from the historic drilling, and the graphite content is a visual historical estimate and should not be relied upon without lab assay confirmation.
Michael England, CEO and Director states, "We are extremely encouraged by these latest results from Mulloy. Our recent fieldwork has established a broad corridor with multiple conductors that align with the orientation of underlying regional magnetics, and our historic drillhole with substantial graphite intersections lies within this corridor. The grid EM survey will inevitably establish high priority drill targets for our impending diamond drill program. This is a very active and exciting time for Caribou King as we explore all of our highly prospective graphite properties, several of which are in close proximity to historic and operating graphite mines."
The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.
The company further announces it has granted a total of 500,000 stock options to a director and an officer of the company, exercisable at a price of $0.07 per share for a period of up to five years from the date of grant.
© 2013 Canjex Publishing Ltd. All rights reserved.
AIX.v Weekly T/A Update
Seeing dramatically increasing accumulation in the name,(check out the ACC/DCC line below the chart)resulting in a +12.5% increase on the week, you have to way back to the Jul-Sep 2012 time period for a weekly volume matching the current levels. Volume by price histogram for the weekly shows a marked reduction in activity between 0.05-0.08 on the chart which means it could trade thinly through this level as little prior transactions have occurred. +DI continues to strengthen the bullish case and is confirmed by a strengthening macd and rsi...congrats to those that bought the break of the downtrend res. line and retest, it looks like a new trend is underway...as always DYODD and glta...hsb
http://stockcharts.com/h-sc/ui?s=AIX.V&p=W&yr=2&mn=0&dy=0&id=p96307319225&a=316421210
CCB.v News Out...fund co coming in...nice...hsb
Canada Carbon arranges $208,000 private placement
2013-09-20 12:40 ET - News Release
Mr. Bruce Duncan reports
CANADA CARBON ARRANGES FLOW-THROUGH PRIVATE PLACEMENT
Canada Carbon Inc. has arranged a non-brokered private placement consisting of 650,000 units at 32 cents for gross proceeds of $208,000 with Stone & Co. Ltd. The units consist of one flow-through common share in the capital of the company and one-half non-flow-through common share purchase warrant, with each whole warrant being exercisable for the purchase of an additional common share for a period of two years from closing at 40 cents per common share. There are no finders' fees payable on the transaction.
The private placement is subject to certain customary conditions, including, but not limited to, the execution of a definitive subscription agreement, and the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The private placement is anticipated to close on or about Sept. 25, 2013. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus one day from the date of completion of the private placement, in accordance with applicable securities legislation.
The net proceeds from the private placement will be used to advance the company's work programs on its 100-per-cent-owned hydrothermal lump-vein graphite project.
Established in 1995, Stone & Co. is an independent, 100-per-cent-Canadian-owned fund company. Based in Toronto, SCL offers the Canadian investor, through financial advisers in all provinces and territories of Canada, eight mutual funds, 16 flow-through limited partnerships since 2003 and one Toronto Stock Exchange-listed investment fund.
We seek Safe Harbor.
© 2013 Canjex Publishing Ltd. All rights reserved.
Gold Market Update...courtesy Clive Maund...hsb
http://www.clivemaund.com/article.php?art_id=68&PHPSESSID=1a785b22452d142f9399ec9f68bb9ed4
CKR News Out...previously reported anomaly is actually 4x the size first reported...nice...hsb
Caribou Posts 1.6 Kilometer-Long Cross-Section Showing Four EM Conductors at Mulloy Graphite Project
V.CKR | 40 minutes ago
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 19, 2013) - CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") (TSX VENTURE:CKR)(FRANKFURT:CB8) has posted the 1.6 kilometer-long geophysical cross-section for its Mulloy graphite project, located ten kilometers west of the Zenyatta Ventures Ltd. Albany graphite project in Ontario. The cross-section identifies four electromagnetic (EM) conductors along a north-south line that crosses the approximate position of a historical drill hole that encountered high visual graphite over 38.46 meters (see news release, August 15, 2013).
Re-examination of the data indicates that the geophysical cross-section, initially reported to be 325 meters in length (see news release, September 10, 2013), is actually 1,600 meters in length, with the four individual EM lows (conductors) each separated by roughly 300 meters over 900 meters of the survey length. The individual EM conductors along the geophysical cross-section can be seen on the company website at www.caribouking.com/project_images/MulloyProfiles.pdf.
Michael England, CEO & Director states, "The Mulloy graphite property continues to provide positive indicators as we evaluate our data. The multiple conductors are of significantly greater magnitude than initially realized, and we look forward to completing the entire survey in order to identify targets for drilling later this season."
The Company has also implemented a Phase 2 program of mapping and sampling at its 100%-owned Calumet property, where lithologies that include graphitic marble were recently identified (see news release, September 18, 2013). The Calumet Graphite prospect is contiguous to Canada Carbon's (TSX VENTURE:CCB) Miller hydrothermal lump-vein graphite mine, located approximately 96 kilometers west of Montreal.
The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.
ON BEHALF OF THE BOARD
Michael England, CEO, Caribou King Resources Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caribou King Resources Ltd.
Michael England
CEO
1-604-683-3995 or Toll Free: 1-888-945-4770
www.caribouking.com
Marketwired (Canada)
September 19, 2013 - 11:50 AM EDT
CCB.v News Out...hsb
Canada Carbon trenching finds new graphite discovery
2013-09-19 08:36 ET - News Release
Mr. R. Bruce Duncan reports
CANADA CARBON INC.: DRILLING AND TRENCHING AT MILLER REVEALS A GRAPHITE VEIN AND POD SYSTEM EXTENDING OVER 39 METRES IN DEPTH
Further trenching in Canada Carbon Inc.'s VN1 discovery area has revealed a new graphite occurrence (VN2) that is 25 metres from VN1. The new VN2 discovery is up to 1.5 m thick and can be followed for over 3 m in length at surface. Multiple secondary graphite veins were also identified and are associated with a total of six mineralized pods of metric to pluri-metric size visual graphite of which assays are pending. Drilling has also confirmed that the graphitic vein system extends to a depth of at least 39 m beneath the VN2 surface occurrences. The technical team will continue to review the trench and drill data to better assess the graphite mineralization.
R. Bruce Duncan, CEO & Director of Canada Carbon states, "We have just begun to scratch the surface of this unique hydrothermal lump/vein graphite project and the results to date have been exceeding our expectations. Our recent drill program at Miller has confirmed that the graphite mineralization exposed at surface does in fact extend at depth. Trenching of our high purity graphite veins allows us to directly observe geological features that would otherwise be underground or only apparent in drill core material. We can correlate our observations with both the drilling and geophysics, and believe this gives Canada Carbon a significant edge for making additional discoveries along this mineralized corridor."
The veins and pods of high grade graphite mineralization are aligned in a NE-SW orientation and follow the contact between marble and paragneiss. The total trench length for the mineralized corridor is 52 m and is open on all sides. The technical team will concentrate on extending the mineralized corridor by following the contact zone.
Trenching is currently underway to further extend the VN2 discovery, which occurs within a large 300 m long electromagnetic ("EM") anomaly (see news release dated September 12th, 2013). The current trenching is located on the east flank of this EM anomaly that is also elongated toward the east, and the VN2 graphite discovery may explain the asymmetry of the EM anomaly. Trenching to date on the VN2 discovery represents only 40 m of the 300 m anomaly, and demonstrates that there is a significant probability that additional graphite mineralization can be found in the central area of the anomaly, which is of greater amplitude.
Drilling
Canada Carbon conducted drilling over late July and early August (Table 1), with the objective of testing the depth and lateral extent of the various veins. The results show that the graphitic vein system extends to a depth of at least 39 m beneath the VN2 surface occurrences. Drillhole DDH13-04 intersected visual graphite over 1m at a depth of 22 m under VN2 while drillhole DDH13-03 intersected graphite mineralization 39 m beneath VN2, with visual graphite associated with wollastonite over 1 m, within a 4 m interval of graphite and wollastonite. Small graphite veins occur throughout all of the drill cores.
Drilling indicates that the mineralization is easily followed between surface and depth. A second graphitic unit was intersected in DDH13-04, at an estimated depth of 33 m, with 1.3 m of graphite in pegmatite and wollastonite. The same hole intersected a 10 centimetre ("cm") graphite vein at 40 m depth. Other exploration holes intersected small graphite veins or disseminations while testing the SSW extension of VN1 and VN2 but subsequent trenching reveals a NE alignment of individual graphite pods, following the marble-paragneiss contact. Core logging and sampling was done and the first batch of samples was sent to Actlab (Ancaster, ON), with results expected in the following two weeks.
Ore Forming Process
The Company believes that the mineralized corridor follow a marble/paragneiss contact, where pegmatite intruded into a low pressure zone and resulted in the alteration of the marble by the addition of silica. This alteration releases CO2 that is transported by pneumatolitic and/or hydrothermal fluid to precipitate graphite and wollastonite as pods along the pegmatite corridor. The drilling confirmed the presence of the mineralization at depth beneath the VN2 occurrence, supporting the assumption that the pod mineralisation continues at depth. Additional drilling and a bulk sample of the surface mineralization will better define the quantity of graphite material and pods along the mineralized corridor. Geophysics is also planned to help discover additional buried pods.
Remi Charbonneau, Ph.D., P. Geo #290 (an Associate of Inlandsis Consultants s.e.n.c.) is an Independent Qualified Person under National Instrument 43-101, and has reviewed and approved the technical information provided in this news release.
OTHER BUSINESS
Canada Carbon also announces that it has purchased 0.5% of the net production return royalty ("NPR") in relation to the Corporation's Miller Property from 9226-6202 Quebec Inc. ("Quebec Inc") a private Quebec corporation (the "Purchase"), thereby reducing the NPR held by Quebec Inc to 1.5%. In consideration for the Purchase, the Corporation has agreed to issue 100,000 common shares in the capital of the Corporation to Quebec Inc, subject to the prior approval of the TSX Venture Exchange. The Common Shares issued in connection with the Purchase will be subject to a statutory hold period of four months plus one day from the date of issuance.
We seek Safe Harbor.
© 2013 Canjex Publishing Ltd. All rights reserved.
AIX.v weekly chart shows that the stock is breaking above the downtrend resistance line(blue line) and volume has been increasing in the name...ADX confirms the bullish trend is strengthening, ACC/DIS confirms the stock is under accumulation, Other stocks in the same management group have been performing well CKR has now tripled off the bottom (0.03->0.095), ABR.v has moved from (0.035->.10) another near triple off the bottom, so it looks with the accumulation we are seeing like people are expecting AIX.v to break out of it's quiet period and play some catchup with others in the group. As always DYODD and glta...hsb
http://stockcharts.com/h-sc/ui?s=AIX.V&p=W&yr=2&mn=0&dy=0&id=p96307319225&a=316421210
AIX.v one we haven't mentioned in quite awhile...trading +25% last at 0.05 seems to be on the road to recovery...same mgmt as CKR.v and ABR.v ...seeing increased accumulation...as always DYODD and glta...hsb
SRD.V huge news!!
STRAIT ISSUES SHARES FOR WARRANT EXERCISE, PREPARES TO RESUME DRILLING AT ALICIA
Teck Resources Ltd. has exercised three million warrants to purchase three million common shares of Strait Minerals Inc. at 12 cents per share for net proceeds to Strait of $360,000. Teck now directly holds nine million common shares of Strait, representing approximately 14.9 per cent of the issued and outstanding common shares of the company.
"The early exercise of these warrants is a vote of confidence," said Strait President Jim Borland. "Teck has now invested $2.76 million - $1.5 million on exploration work and $1.26 million on Strait shares - before drilling to test the porphyry at our Alicia property has even begun. Drilling has been delayed almost a full year by a nation-wide change in regulations regarding exploration in Peru," said Mr. Borland. "We have now received government approval for drilling."
A driller has been contracted to mobilize two rigs and conduct an initial 3,500-metre drill program that is expected to meet Teck Peru's mandatory work commitment of $2 million. An Environmental Impact Assessment for up to 23,000 metres of drilling in 52 holes has been approved by Peru's mines ministry. Drilling is expected to be under way before the end of September.
"In this difficult market environment we have also taken steps to improve liquidity," said Mr. Borland. "As a result of the warrant exercise, we now have $500,000 in working capital to be used for general corporate purposes while Teck Peru pays for all expenditures at Alicia." The Company also receives a 10% administration fee from Teck Peru for managing the program.
Teck, through its wholly owned subsidiary Teck Peru S.A. ("Teck Peru"), can earn up to a 75% interest in the Company's 100% owned Alicia property in Peru by, among other things, spending $30 million on exploration or by spending $10 million on exploration and delivering a pre-feasibility study to the Company.
To earn a 45% direct interest in the Alicia property, Teck must:
-- spend $4 million ($2 million committed) on exploration ($1.5 million spent to date on mapping, sampling and geophysics);
and -- exercise the 3,000,000 warrants (completed). (See press release dated December 9, 2011 to view full agreement terms.)
SRD.v buy before drill
Teck planning a buyout check agreement with Strait Minerals
basherdan,
5 million oz in Canada(worst case) an average grade of 2gms/ton...not too shabby...not too many deposits of this magnitude available in friendly countries anymore...and that's only on the pit constrained portion of Cow Mountain...outside of that we have Cow Mountain outside of the pit constrained area...and Barkerville Mountain, Island Mountain and the potential of 27-30 million oz...back to finding a new reason for bashing dano...hsb
The Barkerville Gold (BGM.v) 43-101 update paydirt
6/23/13
Especially for Iwnattos.
Yup, that's 1m oz Au M+I, 4m oz inferred. Kinda shy of that there super duper 100m oz potential, no?
http://incakolanews.blogspot.com/2013/06/the-barkerville-gold-bgmv-43-101-update.html
Finally the BCSC has relented and admitted that maybe 3 mining engineering outfits know a f*ck of a lot more about how to conduct resource estimates than some f*cking bureaucrats...BC Mining friendly huh...Christie are you listening? hsb
Barkerville Gold Mines Ltd. Announces Updated Resource Estimate at Cow Mountain and Addresses Canadian Technical Information Disclosure with the BC Securities Commission
Barkerville Gold Mines Ltd. BGM
6/18/2013 10:49:00 PM
Barkerville Gold Mines Ltd. Announces Updated Resource Estimate at Cow Mountain and Addresses Canadian Technical Information Disclosure with the BC Securities Commission
(via Thenewswire.ca)
News Release 13-10
June 18, 2013
Vancouver, BC --- Barkerville Gold Mines Ltd. (''Barkerville" or the ''Company'') (TSXV:BGM) today announced updated Mineral Resources for Cow Mountain at its Cariboo Gold Project, and clarified technical disclosure on its Cariboo Gold Project.
On August 14, 2012, the British Columbia Securities Commission (the "BCSC"), the securities regulatory authority in the Province of British Columbia, delivered a letter to Barkerville stating that it had completed a review of the technical report entitled "Technical Report, Mineral Resources and Potential, Cariboo Gold Project, Barkerville Gold Mines Ltd., Cariboo Gold District, British Columbia" filed by the Company on August 12, 2012 in support of a resource estimate on the Cow Mountain sector of the Cariboo Gold Project (the "Original Technical Report"). The Original Technical Report was filed in support of a resource estimate announced by the Company in a news release dated June 29, 2012 (the "June Estimate") and included a revised resource estimate on the Cow Mountain Sector (the "August Estimate"). The review by the BCSC identified a number of disclosure and filing issues with the Original Technical Report. Based on this, the BCSC issued a cease trade order in respect of the Company's shares. To revoke the cease trade order, the Company was required to address the disclosure issues of the BCSC and file a new Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") report on the Cariboo Gold Project.
Updated Technical Report on the Cariboo Gold Project
Barkerville has now filed an updated technical report entitled "Technical Report, Effective Date December 31, 2012, Cariboo Gold Project, Barkerville Gold Mines Ltd., Cariboo Mining District, British Columbia" (the "Updated Technical Report"), co-authored by Peter T. George, P. Geo., of Geoex Limited ("Geoex"), Ivor W.O. Jones, FAusIMM(CP) and Robert McCarthy, P. Eng., of Snowden Mining Industry Consultants Inc. ("Snowden"), and Michael B. Dufresne, P. Geo., of and APEX Geoscience Ltd. ("APEX"), which addresses the disclosure issues raised by the BCSC.
As part of its response to the BCSC review, the Company retained Snowden and APEX, both independent mining and geological consulting firms that had not previously reported on the property, to co-author a new technical report, together with previous independent author Peter George, P. Geo., of Geoex. Snowden assisted Geoex and the Company in the review and audit of the data validation and verification aspects of the Cow Mountain data, and the review of the most appropriate estimation method currently applicable at Cow Mountain, and Snowden completed an independent Mineral Resource estimate for the Cow Mountain sector of the Cariboo Gold Project. Snowden also assisted in making recommendations for the Cariboo Gold Project including the exploration targets for the property. APEX assisted Snowden, Geoex and the Company in a review of all exploration data for the property and in the identification and recommendations for the exploration targets for the property.
Revised Resource Estimate for Cow Mountain
The mineral resource estimated is based upon an open pit scenario for the mining of gold mineralization to a depth of 1,000 ft beneath the surface of Cow Mountain in an area immediately surrounding the underground workings of the Cariboo Gold Quartz Mine. The resource estimate involved the application of Multiple Indicator Kriging ("MIK") for gold grade estimation of a block model using Datamine mining software. The following table sets out the results of the mineral estimation for Cow Mountain.
Cow Mountain Mineral Resource reported at a cut-off grade of 0.012 oz/t Au, Effective December 31, 2012
-----------------------------------------------------
|Category |Tonnage|Gold grade |Contained |
| |(Mtons)|(ppm) |Gold (Moz)|
|---------------------------------------------------|
|Measured |- -- -- |
|---------------------------------------------------|
|Indicated |17.7 |2.00 |1.04 |
|---------------------------------------------------|
|Measured + Indicated|17.7 |2.00 |1.04 |
|---------------------------------------------------|
|Inferred |49.2 |2.74 |3.94 |
-----------------------------------------------------
Notes:
Tons and contained ounces have been rounded and this may have resulted in minor apparent discrepancies.
Mineral Resources are not Mineral Reserves. Mineral Resources do not have demonstrated economic viability and may never be converted into Mineral Reserves.
The underlying premise in the exploration model is that there are widespread, small scale veins and pyrite replacement zones that, if encountered during historic underground mapping, would have been too small to be economically recovered during the historic underground operations.
The mineral resource reported above was derived from the original data with default values added to unsampled intervals. The resultant resource estimates were prepared using MIK in 25 ft x 25 ft x 25 ft blocks, and the prospect of economic extraction tested using open pit optimisation. This demonstrated that the project is worthy of a more rigorous engineering study to evaluate the economic potential of the mineral resource identified at Cow Mountain.
The estimates were prepared using the following steps: data validation; data preparation; geological interpretation and modelling; establishment of block models; compositing of assay intervals; exploratory data analysis of gold; variogram analysis; derivation of kriging plan and boundary conditions; grade interpolation of gold; validation of gold grade estimates; classification of estimates with respect to Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") guidelines; and then resource tabulation and resource reporting.
Classification was applied based on geological confidence, data quality and grade variability. Overall, after review of all relevant items, the most significant considerations in preparing the classification were:
-The area has been subjected to historical underground gold mining. The dimensions of the underground workings have given Snowden some confidence in the continuity parameters considered appropriate in estimation.
-The post 2009 drill data has QA/QC that indicates no material bias, and has grades similar to those of the historic drilling (with the exception of the drill data only selectively sampled).
-Un-sampled intervals were given either a zero grade (in the database) or a 0.003 ppm value in the data used for modelling.
Given these considerations, the remaining part of the classification was based on aspects of the modelling. This included an assessment as to whether or not a block was estimated using the surface drill data (which has the best confidence), or the underground drill data (with which there is lower confidence).
For the classification of the estimate to be Indicated, both criteria below must be met:
-The estimate must have been formed in the first search volume. That is, the estimate used a nominal search distance of 100 ft by 100 ft by 60 ft, with a minimum of 12 samples to inform the estimate and a maximum of 10 samples per drillhole with at least 2 drillholes.
-The estimate must have used mostly surface drill data. There is more confidence in the surface drillholes than the selectively sampled underground drillholes.
For the classification Inferred, the estimate was estimated using either the first or second search volume, but without achieving the criteria required for an Indicated Resource.
Classification Criteria
-------------------------------------------------------------------
|Criteria |Indicated |Inferred |
|-----------------------------------------------------------------|
|Nominal Search Distance (ft)|100 x 100 x 60 |200 x 200 x 120|
|-----------------------------------------------------------------|
|Minimum number of samples to|12 |4 |
|inform estimate | | |
|-----------------------------------------------------------------|
|Minimum number of samples to|20 |30 |
|inform estimate | | |
|-----------------------------------------------------------------|
|Maximum number of samples |10 |10 |
|per drillhole | | |
|-----------------------------------------------------------------|
|Number of drillholes to |2 or more |1 or more |
|inform estimate | | |
|-----------------------------------------------------------------|
|Surface or underground holes|Mostly surface holes|Either or both |
-------------------------------------------------------------------
Cut-off Grade Determination and the Evaluation of Reasonable Prospects for Economic Extraction
In order to demonstrate that the mineralization as estimated in the block model has a reasonable expectation of being mined at some time in the foreseeable future, Snowden completed a pit optimisation exercise using the parameters provided in the table below. The work was completed by an engineer with sufficient experience in this style of work and mineralization to ensure the robustness of the parameters used. Notwithstanding the pit optimisation exercise, it has not resulted in an engineered and operational open-pit mine design.
$1520/oz was the starting point for the optimisation study and the optimisation was tested for gold prices from $1005/oz to $2295/oz. The results indicated that the resource potential, as defined by the optimisation study, was constrained by the model limits laterally (the optimisation could not expand past the model boundaries, thereby limiting the evaluation to the model extents).
Parameters for testing Prospects of Economic Extraction
----------------------------------------------------------------
|Parameter |Value |
|--------------------------------------------------------------|
|Gold Price |US$1,520/oz |
|--------------------------------------------------------------|
|Royalties |None |
|--------------------------------------------------------------|
|Overall recovery |94% |
|--------------------------------------------------------------|
|Cut-off grade |0.012 oz/t |
|--------------------------------------------------------------|
|Processing (including admin and ore haulage) |$20.66/t |
|--------------------------------------------------------------|
|Mining ore recovery (before diluted) |90% |
|--------------------------------------------------------------|
|Mining ore dilution (at 0 ppm dilutant grade)|10% |
|--------------------------------------------------------------|
|Geotechnical slope angles |45 degrees |
|--------------------------------------------------------------|
|No exclusion areas except the geological | |
|model limits | |
|--------------------------------------------------------------|
|Exchange rate |1.00 USD per CAD|
|--------------------------------------------------------------|
|Owner operator mining (but with mining fleet |$3.50/t |
|capital amortisation) | |
|--------------------------------------------------------------|
|The optimisation assumes that processing and | |
|infrastructure capital costs have been sunk | |
----------------------------------------------------------------
Snowden found that, apart from a small portion of the mineralization that falls below the pit shells prepared, the majority of the resource block model reports from within the pit shell. The resource reporting below the pit shell is not considered a concern (and was not removed from the resource report) as the small portion is supported by high grade intersections that would be considered for possible future underground extraction (should the confidence in the estimates be improved).
Overall, Snowden considers these assumptions are considered fair for the purpose of determining reasonable prospects for economic extraction of the Cow Mountain deposit yet do not demonstrate that the mineralization is economic, since the exercise is not at the level of a preliminary economic assessment and does not conform to the studies required for a preliminary economic assessment.
Snowden is unaware of any issues that materially affect the Mineral Resource estimate at Cow Mountain in a detrimental sense. These conclusions are based on the following:
-The Company has represented that mineral and surface rights have secure title.
-There are no known marketing, political or taxation issues.
-There are no known infrastructure issues.
There are no issues with respect to environmental, permitting, legal, title, taxation, socio-economic, marketing, political or other relevant factors that Snowden is aware of that would materially affect the Mineral Resource.
The Updated Technical Report includes a full discussion of the assumptions, parameters and methods used to estimate the mineral resource and identifies known risks that could materially affect the potential development of the mineral resources.
Audit of Data Verification, Data Verification and Quality Assurance/Quality Control ("QA/QC")
Due to concerns with the documentation of data verification in the Original Technical Report and, at the request of the Company, the Company drilled nine twin core holes. Snowden concluded:
"the mineralization recognized in the new drillholes was consistent in thickness and grade with the original drillholes."
As part of their engagement, Snowden conducted an audit of the Cow Mountain database and a review of the Cow Mountain drilling quality assurance and quality control data. Snowden concluded that:
"...there are parts of the Cow Mountain database, where a high level of confidence in the data cannot be demonstrated (some of the older data where there is selective sampling and no QA/QC), and parts where the confidence in the data is relatively high (such as the new surface drilling data). Snowden's analysis in the comparison of some of the earlier drill data with the more recent data indicates the fully sampled drill data has grades consistent with the higher confidence data.
In Snowden's opinion the database at Cow Mountain is suitable for use in the estimation of a Mineral Resource if the following considerations are followed:
-Intervals in the drilling which were not sampled should be included in the database, with a very low grade. Snowden has entered a grade of 0.003 ppm, but these intervals should be sampled where possible and assayed.
-Estimates based on the data collected prior to 2009 should be limited to an Inferred Mineral Resource mainly due to the lack of QA/QC results (and selective sampling issues) in some of the underground data.
-Only estimates based largely on the 2009 data (and later) are suitable to create higher confidence estimates.
Issues with respect to coarse gold in the samples have recently raised concerns about the appropriateness of the older assaying and therefore precision. For this reason, the confidence in the estimates is restricted to the Indicated category."
The Development of the Snowden Estimate
The Updated Technical Report includes a discussion on the reasons for the changes to the Geoex estimation method as adopted by Snowden.
In 2012, Geoex completed two estimates of the tonnes and grade of Cow Mountain. During June, and prior to completion of the Original Technical Report, Geoex had completed preliminary grade-tonnage estimation work. The Company decided that the estimate was material to the shareholders and put out a news release disclosing the estimate on June 29, 2012. Following the August 2012 grade-tonnage estimates, the BCSC raised a number of concerns, and Snowden was contracted to assist the Company and Geoex to address those items.
Between August 2012 and the timing of the Updated Technical Report (as noted above), Snowden completed a significant amount of data validation and verification including twin drilling, QAQC and a database audit.
Further work by Snowden in a review of the geology and appropriateness of the style of modelling concluded that:
-Attempts at building a constrained geological model were found not to constrain the mineralization appropriately and were discarded in favour of a model based on an estimate of the proportion of mineralized material in each block.
-Sampling of drill intervals that had previously not been sampled indicated gold mineralization in areas that would have previously been considered barren (although these were still dealt with by adding a default grade of 0.003 ppm Au prior to grade estimation).
-Compositing needed to be at a longer interval. Five feet was chosen for the composite length as it represents the median of the sample intervals in the mineralized zone.
-Statistics of the mineralization showed a strongly skewed distribution. In this instance, the use of capping to control high grades using linear methods in grade estimation (such as inverse distance weighting or ordinary kriging) can either over-estimate or under-estimate the grade significantly, with the choice of capping being a relatively arbitrary decision.
The Snowden estimate was based on a similar block model and the application of MIK to interpolate the gold grades. MIK, unlike linear methods, is an estimation method that recognises that high grades have less grade continuity than lower grades and helps to minimise the smearing of high grades that can arise in linear estimation methods such as inverse distance and ordinary kriging.
An additional constraint in the classification of the resource model over previous models was that Snowden down-graded the classification of some areas in the model to Inferred where they had been estimated using the pre-2009 data. This consideration in the classification was to reflect the lower confidence in the data collected prior to 2009.
The Company has adopted the Snowden estimate as the only current resource estimate on the Cow Mountain deposit. Previous estimates disclosed by the Company on the Cow Mountain deposit should not be relied upon.
Bonanza Ledge
The Updated Technical Report notes that the only prior mining study conducted in the Cariboo Gold Project area, including costing and economic analysis, was completed for the Bonanza Ledge deposit and formed part of the Pre-Feasibility Study prepared by EBA Consultants (Fier et al, 2009); however, the economics of the same are now considered to be outdated due to:
-Changes to capital and operating costs over time.
-Changes to metal prices.
-Purchase of the QR Mill such that toll milling is no longer applicable.
-Purchase of property interests such that royalty payments are no longer applicable.
Consequently, Snowden completed an update to the economic analysis for Bonanza Ledge in order to assess the relevance of the mineral reserve under the revised modifying factors.
At a discount rate of 10%, the Bonanza Ledge project yields a positive after tax net present value of $12.8 million, with an internal rate of return of 40.4% under the base case scenario of long term $1,520/oz Au, 220 tpd. The long term gold price equates to the three year trailing average, however, for the first year, a price of $1,400/oz has been assumed.
Revised Exploration Target Potential Estimates for Further Exploration
The Company's June news release, as well as the Original Technical Report, included disclosure on potential of exploration targets at the Cariboo Gold Project. The disclosure of the potential exploration targets did not include the assumptions regarding the exploration targets, or the local data for the exploration targets.
The Company advises exploration targets disclosed in the June news release and the Original Technical Report should not be relied upon.
Island Mountain Exploration Target Potential
The geological setting for Island Mountain is an extension of that of Cow Mountain. The mineralized trend at Cow Mountain, based upon soils, drilling and trenching, extends to the northwest into the Island Mountain sector.
Based upon the drillhole and soil geochemical data in conjunction with the geology, the Island Mountain trend as an exploration target is comparable to Cow Mountain with twice the strike length at about 1.5 miles in length.
The past producing Island Mountain/Aurum and Mosquito mines (all in Island Mountain) have underground workings extending to depths greater than 2,000 ft below the surface. In addition to this, the mine workings from the Cariboo Gold Quartz Mine at Cow Mountain extend to the northwest beneath Jack of Club Lake to Island Mountain. The historic workings in conjunction with the drillhole data indicate that the Island Mountain exploration target extends to a depth of at least 2,000 ft below surface.
A strike length of 1.5 miles (7,920 ft), a width of 1,300 ft, a depth of 2,000 ft and a density of 168 lb/ft3 gives a tonnage range of 100 million tons to 350 million tons. The grade, according to summary statistics of the available drill data at Island Mountain, however, appears to be higher than that at Cow Mountain. Based on these grades, a grade range for the target of between 0.06 oz/t and 0.18 oz/t (2 to 6 ppm) was chosen resulting in an exploration target with a range of 6 to 21 million ounces gold. The grades were based on the lower grade from the contiguous Cow Mountain resource and the higher grade based on the average grade of the historic drill data from the Rainbow Unit. The higher tonnage was used with the lower grade value to define the upper value of contained ounces as it is considered less likely the higher tonnage would be associated with the higher grade values.
These results, in combination with historic underground mining and the existing gold in soil geochemical anomalies, make the Island Mountain area a high priority target for further evaluation.
The foregoing assessments of potential quantity and grade are conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in any of the exploration targets being delineated as a Mineral Resource.
Barkerville Mountain Target Potential
The geological setting beneath Barkerville Mountain is an extension of that of Cow Mountain. The mineralized trend at Cow Mountain, based upon soils, drilling and trenching, extends to the southeast across the narrow Lowhee Creek valley into the Barkerville Mountain sector.
The Barkerville Mountain area, based upon the extent of the soil geochemical anomaly and gold mineralization identified in trench sampling and limited drilling appears to have a potential strike of 1.1 miles.
Given a strike length of 1.1 miles (5,800 ft), a width of 1,300 ft and a depth of 1,000 ft, the authors suggest a target with a tonnage range of between 50 million tons and 100 million tons. Summary statistics of the available drill data at Barkerville Mountain have been used to estimate a grade range for the target of between 0.06 oz/t and 0.15 oz/t (2 to 5 ppm) Au and the exploration target a range of 3 to 6 million ounces gold. The grades were based on the lower grade from the contiguous Cow Mountain resource and the higher grade based on the average grade of the historic drill data (above 0.012 oz/t) from the Rainbow Unit. The higher tonnage was used with the lower grade value to define the upper value of contained ounces as the authors considered it less likely the higher tonnage would be associated with the higher grade values.
The foregoing assessments of potential quantity and grade are conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in any of the exploration targets being delineated as a Mineral Resource.
Total Exploration Target Potential of Island and Barkerville Mountains
The total exploration target potential of the 4 mile long mineralized trend including the Barkerville Mountain target and the Island Mountain target is 150 to 450 million tons (rounded to the nearest fifty) between 0.06 oz/t and 0.15 oz/t (2 to 5 ppm) Au and the target with a range of between 9 and 27 million ounces gold.
The estimate of exploration target potential does not include the Cow Mountain Resource.
In addition, there are a number of other targets including mineralization associated with the Bonanza Ledge setting and the Rainbow-Baker replacement style for which there is strong evidence for but not enough work to properly define.
The foregoing assessments of potential quantity and grade are conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in any of the exploration targets being delineated as a Mineral Resource.
Recommendations for the Cariboo Gold Project
Bonanza Ledge
The Updated Technical Report recommends that the Bonanza Ledge project be re-assessed into the much larger Island Mountain / Cow Mountain / Barkerville Mountain resource evaluation.
Cow Mountain and Exploration
In order to expand upon the mineral resource and the potential of the Cow Mountain property, the following is recommended in the Updated Technical Report:
-Review core sampling records for all drillholes within the Cow Mountain resource model and execute a core sampling and assaying programme to provide 100% assay data for all drillcore with previously un-sampled intervals.
-Create and maintain a robust database including management of QA/QC.
-Initiate ground work for a preliminary economic assessment at Cow Mountain.
-Establish and maintain an industry standard secure database for all drill log information.
-Begin bulk sampling programme of surface mineralization.
-Construct a comprehensive 3D computer geologic model to develop regional targets for exploration drilling.
-Conduct Island Mountain drill data validation and evaluation.
-Evaluate the potential of the exploration targets at Island Mountain and Barkerville Mountain through further trenching and drilling.
-Prepare a grade-tonnage estimate of the results of the data validation and new exploration data.
-Where appropriate, replace original fire assays with metallic screen fire assays (a technique that employs a larger sample size for analysis of drillcore) as work to-date indicates the original assaying did not account for all of the gold in the samples (there is an apparent bias low).
-Perform continual monitoring of QA/QC results.
-Establish a library of standard operating procedures for all drill core processing to be established by the Company.
The following phased programme is recommended. Drilling related costs are based upon actual costs of the 2010 drill programme (Yin, 2010) escalated by 10%. The all-inclusive drilling costs include, footage costs, wages and benefits, road and pad construction, driller bonus, mob-demob, and miscellaneous. Assay costs have been increased to reflect the higher cost of screened metallic assaying. Other costs are order of magnitude estimates.
Phase 1 (for completion during 2013)
Infill sampling of approximately 100,000 ft of un-sampled core from the period 2007 to 2011
Assume average 5 ft length 20,000 samples at $41/sample
............................................................$820,000
Cow Mountain PEA
.............................................................$80,000
Bonanza Ledge Pre-Feasibility Study
.............................................................$250,000
Phase 2 (for completion by the end of 2014)
Complete 50,000 ft of drilling in the Barkerville Mountain area
50,000 ft of drilling, $85 per ft (all-inclusive)
............................................................$4,250,000
Sampling and assays (assume average 5 ft length 10,000 samples) at $41/sample
............................................................$410,000
Complete 100,000 ft of infill drilling in Island Mountain study area
100,000 ft of drilling, $85 per ft (all-inclusive)
............................................................$8,500,000
Sampling and assays (assume average 5 ft length 20,000 samples) at $41/sample
.............................................................$820,000
Miscellaneous and Overhead Costs
.............................................................$1,400,000
Phase 2 is not contingent upon the results of Phase 1.
"J. Frank Callaghan"
J. Frank Callaghan
President and CEO
Staff at the BCSC (the "Staff") reviewed the Company's Updated Technical Report in the context of issues and deficiencies identified by their previous review of the Company's Original Technical Report filed on or about August 13, 2012. Staff have not approved the Updated Technical Report. Staff have relied on the Company and the opinions and certificates of the qualified persons that the Updated Technical Report contains a summary of all material scientific and technical about the Cariboo Gold Project and has been prepared in compliance with NI 43-101 and Form 43-101F1. In addition, Staff have not approved, endorsed or otherwise passed on the merits of the scientific and technical information contained in the Updated Technical Report or in this news release and including, but not limited to, estimates of exploration targets, mineral resources and mineral reserves. Any representation to the contrary may constitute a breach of section 55 of the British Columbia Securities Act.
About Barkerville Gold Mines Ltd.
Since the mid-1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures cover 1,174 km2 along a strike length of 60 km and approximate width of 20 km, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. The Company began pouring dore gold in September 2010, continued until December 2011, and resumed in January 2013. In November 2010, the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. In November 2010, the Company and the Lhtako Dene First Nation also signed a Project Agreement in relation to its Bonanza Ledge and Cariboo Gold Projects. The Company has completed significant drilling and exploration programs and, together with the historical data, is compiling all information to determine the geologic models and updated technical reports to continue with exploration and development of the Cariboo Gold projects. This news release has been prepared on behalf of the Board of Directors of the Company which takes full responsibility for its contents.
TECHNICAL INFORMATION AND QUALIFIED PERSON/QUALITY CONTROL NOTES
The mineral resource estimate for the Cow Mountain sector, data verification, and QA/QC were prepared by Mr. Ivor W.O. Jones, FAusIMM (CP), of Snowden, a Qualified Person ("QP") for the purposes of NI 43-101. Mr. Jones also co-authored the recommendations section contained in the Updated Technical Report. Mr. Jones is independent of the Company and has not previously reported on the Cariboo Gold Project. The other scientific and technical information regarding Cariboo Gold Project contained herein is based on information prepared by or under the supervision of each of Mr. Peter George, P. Geo., of Geoex, Robert McCarthy, P. Eng., of Snowden, and Michael B. Dufresne, P. Geo., of APEX, who are also QPs for the purposes of NI 43-101. Each of the remaining QPs herein is independent of the Company, and Messrs. McCarthy and Dufresne have not previously reported on the Cariboo Gold Project. An Updated Technical Report under NI 43-101 on the Cariboo Gold Project, as co-authored by the QPs, and which includes the updated resource and estimate for Cow Mountain, has now been filed by the Company on SEDAR. All of above QPs have reviewed and approved the contents of this news release.
CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF INDICATED AND INFERRED RESOURCES
This news release has been prepared in accordance with the requirements of Canadian provincial securities laws which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all mineral reserve and resource estimates included in this news release have been prepared in accordance with the CIM classification systems, as required under NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC"), and reserve and resource estimates disclosed in this news release may not be comparable to similar information disclosed by U.S. companies.
In addition, this news release uses the terms "indicated resources" and "inferred resources" to comply with the reporting standards in Canada. The Company advises United States investors that while those terms are recognized and required by Canadian regulations, the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves. Further, "inferred resources" have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, United States investors are also cautioned not to assume that all or any part of the "inferred resources" exist. In accordance with Canadian securities laws, estimates of "inferred resources" cannot form the basis of feasibility or other economic studies. It cannot be assumed that all or any part of "indicated resources" or "inferred resources" will ever be upgraded to a higher category or are economically or legally mineable. In addition, disclosure of "contained ounces" is permitted disclosure under Canadian securities laws; however, the SEC only permits issuers to report mineralization as in place tonnage and grade without reference to unit measures. NI 43-101 also permits the inclusion of disclosure regarding the potential quantity and grade, expressed as ranges, of a target for further exploration provided that the disclosure (i) states with equal prominence that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resources, and (ii) states the basis on which the disclosed potential quantity and grade has been determined. Disclosure regarding exploration potential has been included in this news release. United States investors are cautioned that disclosure of such exploration potential is conceptual in nature by definition and there is no assurance that exploration will result in any category of NI 43-101 mineral resources being identified.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions, including the listing and trading of the Company's common shares on the TSX Venture Exchange. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward- looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, to obtain capital and credit and to protect its property rights.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
__________
Copyright (c) 2013 TheNewswire - All rights reserved.
TheNewsWire
June 18, 2013 - 10:49 PM EDT
BGM.v Proxy battle averted at Barkerville but shareholder group still wants action
http://business.financialpost.com/2013/02/25/proxy-battle-averted-at-barkerville-but-shareholder-group-still-wants-action/
BGM.v am hearing that the final Snowden report is due any day now and should be in the BCSC's hands during this upcoming week...our extended period of inactivity could be nearing an end if the BCSC accepts the report and lifts the CTO, I am sorry for lost opportunities this represented for all of you with the money in BGM being tied up, myself included believe you me!...however I am seeing encouraging signs albeit on small volume on the OTCBB quotes for BGMZF on Friday where it has continued to trade which leads me to believe their is some credibility to the rumours I am hearing...glta...hsb
BGMZF is up 39%
http://www.bloomberg.com/quote/BGMZF:US
BGM.v News Out...Barkerville Approves Advanced Notice Policy Barkerville Gold Mines Ltd. BGM 2/19/2013 2:13:31 PMBarkerville Approves Advanced Notice Policy
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2013) - Barkerville Gold Mines Ltd. ("Barkerville" or the "Company") (TSX VENTURE:BGM)(FRANKFURT:IWUB) wishes to announce the approval by its board of directors the ("Board") of an advance notice policy (the "Policy") dated February 18, 2013, which includes, among other things, a provision that requires advance notice be given to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the "Act"); or (ii) a shareholder proposal made pursuant to the provisions of the Act.
Additionally, the Policy sets a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders, sets forth the information that a shareholder must include in the notice of the Company, and establishes the form in which the shareholder must submit the notice for that notice to be in proper written form.
In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 days nor more than 65 days prior to the date of the annual meeting. However, in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.
In the case of a special meeting of shareholders (which is not also an annual meeting) notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.
The Policy is effective as of the date it was approved.
The full text of the Policy is available via SEDAR at www.SEDAR.com.
About Barkerville Gold Mines Ltd.
Since the mid-1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures now cover over 117,691.14 hectares, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits, including the QR Mine & Mill. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in the first quarter of fiscal 2011 and the Company began pouring doré gold in September 2010 and continued until December 2011 and will resume in January 2013. In November 2010 the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. for relocation to the Barkerville Gold Camp near Wells, B.C. subject to all necessary government approvals. In November 2010 the Company and the Lhtako Dene First Nation also signed a Project Agreement in relation to its Bonanza Ledge and Cariboo Gold Projects. The Company has completed significant drilling and exploration programs and together with the historical data is compiling all information to determine geologic models and updated technical reports to continue with exploration and development of the Cariboo Gold projects. This news release has been prepared on behalf of the Board of Directors of the Company which takes full responsibility for its contents.
J. Frank Callaghan, President and CEO
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions, including the listing and trading of the Company's common shares on the TSX Venture Exchange. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, to obtain capital and credit and to protect its property rights.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Barkerville Gold Mines Ltd.
J. Frank Callaghan
President and CEO
604 669-6463 or Toll Free: 1-800 663-9688
604 669-3041 (FAX)
www.barkervillegold.com
CEX.v Update... Seeing chatter on the boards that the newest well has already been spudded(#14-02)...the farmin partner looks to be Harvest.
The new well is spudded and fluid is crude oil !!! This well is the one with in the new JV mentioned in the last press release.
HARVEST HZ KAKWA 14-2-63-6
PRODUCTION - NPW (C)
Well ID: 00/14-02-063-06W6/0
Fluid: CRUDE OIL
Licensee: Harvest Operations Corp.
License Date: 15-Jan-2013
Spud Date: 13-Feb-2013
Projected Depth: 0.0 m
Field: KAKWA
Terminating Zone: MONTNEY FM
Also chatter is that the 13-17 drilling has been completed and we are awaiting fraccing ? Weekly chart continues to look impressive here for longer term gains imho as always dyodd and glta...hsb
http://stockcharts.com/h-sc/ui?s=CEX.V&p=W&yr=2&mn=0&dy=0&id=p82558597123&a=278688755&listNum=13
SMB.v looks like AOI.v out with partial flow test results from their Twiga South-1 Well could help firm the jr.Kenya explorecos like SMB.v...hsb
Africa Oil Corp.: Twiga South-1 Well Tests 2,351 Barrels of Oil From Two Zones-Final Test OngoingAfrica Oil Corp. AOI 2/13/2013 2:00:03 AMAfrica Oil Corp.: Twiga South-1 Well Tests 2,351 Barrels of Oil From Two Zones-Final Test Ongoing
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2013) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to provide the following update in respect of its ongoing operations in Kenya.
Four flow tests have been carried out on the Twiga South-1 well in January and early February and a fifth test is ongoing. A cumulative rate of 2,351 bopd was recorded from two separate sands in the Auwerwer formation. One test flowed at a maximum natural flow rate of 1,860 bopd of 37°API oil and the other flowed at a rate of 491 bopd using a Progressive Cavity Pump (PCP). The final flow test in the Auwerwer formation is ongoing using a PCP and we anticipate that the zone will flow over 500 bopd taking the total combined rate to over 2,850 bopd for the well. Two deeper tests were also completed on the tight reservoir rock at the bottom of the well and, as anticipated, both produced at sub-commercial flow rates and reconfirmed the presence of moveable oil.
The reservoir quality of the Auwerwer sands appears to be significantly better than predicted which was also supported by recent core analysis data with several values over 1 darcy permeability. These tests provide the first potentially commercial flow rates achieved in Kenya and provide real encouragement for the forthcoming DST programme at the Ngamia discovery, located approximately 22 kilometres to the south of Twiga South-1. With the conclusion of the Twiga South-1 testing programme, the Weatherford-804 rig will move to Ngamia-1A to re-enter the well and perform at least four flow tests.
The Company also reports that the Paipai-1 well has reached a total depth of 4255 metres, encountering igneous rocks at the base that appear to be basement. Light hydrocarbon shows were encountered in sands in the Lower Cretaceous interval and the well is currently being cased for additional fluid sampling by MDT. Further testing or evaluation of Paipai, if warranted, would follow with a dedicated testing unit. On completion of operations at Paipai, the Sakson PR-5 will mobilise to Kenya Block 10BB to spud the Etuko-1 well in the Lokichar basin. The spud is expected in 2Q 2013.
Africa Oil President and CEO, Keith Hill, stated, "We are extremely pleased with the reservoir quality and resultant flow rates in the shallow Auwerwer sands confirmed by this testing. We will now focus on this section as the primary reservoir in our upcoming exploration program on the western flank of the Lokichar Basin. We remain intrigued by the lower fractured reservoir and Lower Lokhone sands which will be further evaluated in future exploration. Our aggressive 2013 drilling program includes numerous high impact wells on trend with the Lokichar discoveries but also wells in new areas designed to open additional sub-basins in our large acreage portfolio."
About Africa Oil
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Ethiopia and Mali as well as Puntland (Somalia) through its approximate 45% equity interest in Horn Petroleum Corporation. Africa Oil's East African holdings are in within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 250,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. New discoveries have been announced on all sides of Africa Oil's virtually unexplored land position including the major Albert Graben oil discovery in neighboring Uganda. Africa Oil's recent Ngamia-1 discovery extends the Albert Graben play into Kenya where Africa Oil along with partner Tullow Oil plc hold a dominant acreage position. Newly acquired seismic and gravity data show robust leads and prospects throughout Africa Oil's project areas. The Company is listed on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under the symbol "AOI".
FORWARD-LOOKING STATEMENTS
Certain statements made and information contained herein constitute "forward-looking information" (within the meaning of applicable Canadian securities legislation). Such statements and information (together, "forward looking statements") relate to future events or the Company's future performance, business prospects or opportunities. Forward-looking statements include, but are not limited to, statements with respect to estimates of reserves and or resources, future production levels, future capital expenditures and their allocation to exploration and development activities, future drilling and other exploration and development activities, ultimate recovery of reserves or resources and dates by which certain areas will be explored, developed or reach expected operating capacity, that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
All statements other than statements of historical fact may be forward-looking statements. Statements concerning proven and probable reserves and resource estimates may also be deemed to constitute forward-looking statements and reflect conclusions that are based on certain assumptions that the reserves and resources can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. The Company does not intend, and does not assume any obligation, to update these forward- looking statements, except as required by applicable laws. These forward-looking statements involve risks and uncertainties relating to, among other things, changes in oil prices, results of exploration and development activities, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government or other regulatory approvals, actual performance of facilities, availability of financing on reasonable terms, availability of third party service providers, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual results may differ materially from those expressed or implied by such forward-looking statements.
ON BEHALF OF THE BOARD
Keith C. Hill, President and CEO
Africa Oil's Certified Advisor on NASDAQ OMX First North is Pareto Öhman AB.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Africa Oil Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
africaoilcorp@namdo.com
www.africaoilcorp.com
Marketwire Canada
February 13, 2013 - 2:00 AM EST
got 20k tied up...darn CTO
BGM.v ...Ian Gordon on the state of affairs at this juncture...hsb
http://www.longwavegroup.com/publications/ians_investment_insights/2013/_pdf/130201_Ians_Investment_Insights.pdf
Gold Market Update...
http://www.clivemaund.com/article.php?art_id=68&PHPSESSID=c40c92e11832d0cd3849fae805fe1a02
Merry Christmas to all the readers on here...continued success to all for the coming year!!!
hsb
BGM.v News Out...hsb
Barkerville Receives Partial Revocation OrderBarkerville Gold Mines Ltd. BGM 11/14/2012 5:49:09 PMBarkerville Receives Partial Revocation Order
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2012) - Barkerville Gold Mines Ltd. ("Barkerville" or the "Company") (TSX VENTURE:BGM)(FRANKFURT:IWUB) is pleased to announce that on November 13, 2012 it received a partial revocation order (the "PRO") from the cease trade order (the "CTO") issued by the British Columbia Securities Commission (the "BCSC") as disclosed in the Company's press release dated August 15, 2012, solely to permit the completion of a loan by Mr. Frank Callaghan to the Company.
In accordance with the terms of the contemplated loan by Mr. Callaghan to the Company, which is subject to TSX Venture Exchange approval, Mr. Callaghan has agreed to advance from time to time as he may determine by way of a loan or loans (collectively, the "Loan") the aggregate principal sum of up to $2,441,820 (the "Principal Sum"), which shall bear interest commencing on the date of any such Loan at the simple interest rate of 20% per annum with all such interest to be payable in full to Mr. Callaghan on repayment of the Principal Sum which shall be at or before 5:00 p.m. (Vancouver time) on the date which is six months from the date of any such Loan. The interest rate shall be reduced to 10% after one year should any Loan remain outstanding for a period of one year from the date of advancement. As security for the due and punctual repayment of the Principal Sum and any interest thereon, the Company has agreed to provide Mr. Callaghan with a duly executed debenture, security agreement and such other security documentation as may be required by Mr. Callaghan and his counsel, acting reasonably.
The proceeds from the Loan will be used to (i) satisfy minimum overhead expenses to sustain operations, (ii) satisfy minimum wages, consulting fees and benefits, (iii) satisfy costs related to completing the National Instrument 43-101 technical report (the "Report") required in accordance with the CTO, (iv) pay trade accounts payable related to the Report, and (v) pay past due payroll remittances.
Upon the Company receiving TSX Venture Exchange approval of the Loan, the Company estimates that it will require one to two months to prepare and file the Report and to deal with the technical disclosure issues to subsequently obtain a full revocation of the CTO.
About Barkerville Gold Mines Ltd.
Since the mid-1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining District in central B.C. The Company's mineral tenures now cover over 117,691.14 hectares, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits, including the QR Mine & Mill. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at QR in the first quarter of fiscal 2011 and the Company began pouring doré gold in September 2010 and continued until December 2011. In November 2010 the Company acquired a second permitted mill currently on care and maintenance in Revelstoke, B.C. for relocation to the Barkerville Gold Camp near Wells, B.C. and upgrade to a +3,000-tonne/day facility subject to all necessary government approvals. In November 2010 the Company and the Lhtako Dene First Nation also signed a Project Agreement in relation to its Bonanza Ledge and Cariboo Gold Projects. The Company has completed significant drilling and exploration programs and together with the historical data is compiling all information to determine geologic models and updated technical reports to continue with exploration and development of the Cariboo Gold projects. This news release has been prepared on behalf of the Board of Directors which takes full responsibility for its contents.
J. Frank Callaghan, President and CEO
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions, including the listing and trading of the Company's common shares on the TSX Venture Exchange. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward- looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, to obtain capital and credit and to protect its property rights.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Barkerville Gold Mines Ltd.
604 669-6463 or Toll Free: 1-800 663-9688
604 669-3041 (FAX)
www.barkervillegold.com
Marketwire Canada
November 14, 2012 - 5:49 PM EST
The fox guarding the henhouse: Why Canada's capital markets will stay rotten to the core as long as the OSC is "regulating"
11/14/12
I'm a little late to this, but my ignorance doesn't change the fact that it's still a great report. Go to this link entitled "OSC and Northern Securities: The whole story, and the need for real oversight instead of window dressing" ( http://tinyurl.com/ydpnkte ) that was sent in by kind reader MM and you too can read about the way the OSC games its own system in order to extract cash from its victims. While you're reading don't bother having any sympathy for Vic Alboini because he's just another market parasite with a deservedly bad reputation, but that won't stop your eyes from being opened by the sleazeball way in which the OSC goes about its dirty business.
http://incakolanews.blogspot.com/2012/11/the-fox-guarding-henhouse-why-canadas.html?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CDNX
AGH.V Nov 8th News:
Canadian Silver Hunter Continues Surface Work at Keeley Frontier Project
Press Release: Canadian Silver Hunter Inc. – Thu, Nov 8, 2012 10:09 AM EST
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TORONTO, ONTARIO--(Marketwire - Nov 8, 2012) - Canadian Silver Hunter Inc. (the "Company") (TSX VENTURE:AGH) is pleased to announce that it is initiating surface work at the Keeley Frontier Property located near Cobalt, Ontario.
The Company has identified two shallow targets on the property. One target is the surface projection of the new zone discovered in hole CSH 12 03, (see news release June 12, 2012, filed on Sedar). A second surface target is located on the western shore of Gibson Lake, approximately 1 km north of the old mine workings. Planned surface work will include stripping of overburden by an excavator followed by outcrop washing and channel sampling. Data derived from this work will assist with detailed geological mapping and sampling, as well as identifying potential drill collar locations for future drilling.
Jeffrey Hunter, President & CEO of Canadian Silver Hunter, comments; "This surface work program is another step in the Company''s plan to unlock the potential of the Keeley Frontier property. Management plans to continue the compilation of data derived from surface work and historic sources into the Company''s 3D model. We are excited about the prospects of the project as we continue identifying additional drill targets at Keeley Frontier."
Mr. Gerald Harron, P.Eng., is the "Qualified Person" under NI 43-101 and has reviewed the technical information contained in this news release.
About Canadian Silver Hunter
Canadian Silver Hunter Inc. is a Canadian-based junior precious metals exploration company. The Company''s flagship project is Keeley Frontier, located near Cobalt, Ontario. The Company''s current focus is on exploration of the Keeley Frontier project for silver, cobalt and nickel deposits.
CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management''s expectations. Forward-looking statements include estimates and statements that describe the Company''s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company''s mineral properties, and the Company''s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company''s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company''s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Contact:
Canadian Silver Hunter Inc.
Jeffrey Hunter
President and CEO
(416) 707-4230
jhunter@cshi.ca
www.canadiansilverhunter.ca
Oct 24th News on AGH.V
Canadian Silver Hunter Inc.: Strategic Investment in Claims Adjacent to Keeley Frontier Project
Press Release: Canadian Silver Hunter Inc. – Wed, Oct 24, 2012 4:10 PM EDT
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TORONTO, ONTARIO--(Marketwire - Oct. 24, 2012) - Canadian Silver Hunter Inc. (the "Company") (AGH.V) is pleased to announce that it has entered into a definitive share purchase agreement to acquire an indirect interest in certain claims adjacent to its flagship Keeley Frontier project by purchasing a one-third interest in Veinlode Silver Mines Limited ("Veinlode"), a private company which owns certain neighbouring claims. The transaction is expected to close on or before November 30, 2012, and is subject to certain conditions including regulatory approval.
Under the terms of the share purchase agreement the Company will acquire, from an arm's length vendor, 13,333 of the 40,000 outstanding common shares of Veinlode, representing a one-third interest. The consideration for this acquisition will consist of:
-- 13,333 common shares of the Company at a deemed price of $0.075 per
share, and
-- a cash payment of $15,000.
Jeffrey Hunter, President and Chief Executive Officer of the Company, commented, "This is an important step in the Company's objective of exploring and expanding the Keeley Frontier project. By acquiring an interest in Veinlode we will be able to gain a greater understanding of the exploration potential around Keeley Frontier."
About Canadian Silver Hunter Inc.
Canadian Silver Hunter Inc. is a Canadian-based junior precious metals exploration company. The Company's flagship project is Keeley Frontier, located near Cobalt, Ontario. The Company's current focus is on exploration of the Keeley Frontier project for silver, cobalt and nickel deposits.
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration or project development related to the Company's mineral properties, outcomes of proposed or contemplated acquisitions or other transactions, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward- looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Contact:
Canadian Silver Hunter Inc.
Jeffrey Hunter
President and CEO
(416) 707-4230
jhunter@cshi.ca
www.canadiansilverhunter.ca
CEX.v hits another homerun...congrats to those who took a position...hsb
Contact Exploration Confirms Repeatability of Kakwa Liquids-Rich Montney Development with Second Successful WellContact Exploration Inc. CEX 11/5/2012 8:00:00 AMContact Exploration Confirms Repeatability of Kakwa Liquids-Rich Montney Development with Second Successful Well
(TSX-V:CEX)
CALGARY, Nov. 5, 2012 /CNW/ - Contact Exploration Inc. ("Contact" or the "Company") (TSX-V: CEX) is pleased to announce that the second Contact-operated horizontal Montney well (the "14-30 Well") has been successfully completed with a 14 stage water-based nitrogen foam frac. The well was flowed for 96 hours against anticipated gathering system pressure of approximately 1,100psi. During the final 24 hours of flow-back the well averaged gross production rates of 974 bbl/d condensate and 4,970 mcf/d gas, being 1,803 boe/d combined (244 bbl/d and 1,243 mcf/d, or 450 boe/d combined, net to Contact). An additional 4 hour flow test was subsequently conducted to provide insight into the free-flowing initial deliverability of the well, against a final wellhead pressure of 360 psi, which test resulted in gross rates of 1,324 bbl/d condensate and 6,423 mcf/d gas, being 2,394 boe/d combined. The 14-30 Well was drilled ahead of schedule and under budget and completion operations have remained on budget.
The successful drilling and completion of the 14-30 Well confirms that Contact's Kakwa lands are in the heart of the liquids-rich Montney trend, validating the repeatability of this prolific play. Steve Harding, President and CEO of Contact, commented, "Condensate rates from the 14-30 Well are right in line with our expectations given that both the horizontal length of 14-30 Well and its 24 hour production test volumes are approximately 85% of the horizontal length and test rates from our first well at 13-17. However, the 14-30 Well has surpassed our expectations for overall condensate production, having flowed more condensate in its 96 hour production test than did the 13-17 well and demonstrating free-flowing well head condensate yields of 200 bbls/mmcf. The condensate yields from the 14-30 Well will surely enhance the economic returns from this already strongly commercial project."
The 14-30 Well will now be equipped for production and Contact anticipates pipeline connection to the Company's previously built mainline to be finalized by early 2013. The 14-30 Well was designed to allow for the vertical completion and testing of an up-hole Montney target. However, given the success of the horizontal test and the potential risk of compromising wellbore integrity, Contact and its partners have elected not to complete this uphole Montney zone at this time. Contact continues to have confidence in this interval and will plan to test the zone in a future well. The Company is currently permitting a new well from the same surface location as 14-30, and is expecting to spud this well by January 2013.
Contact is also pleased to announce that it has acquired at recent Crown land sales, an additional 8 (eight) 100% working interest sections. These newly acquired lands are on trend with and nearby the Company's original Kakwa sixteen section block that it operates at a 25% working interest. Furthermore, Contact and its partners have acquired ¾ of a section immediately adjacent to the section upon which the 14-30 Well was drilled. With these acquisitions, Contact has added a total of 8.18 net sections of prospective Montney acreage for an average cost of less than $200 per hectare, such that the Company now holds 12.18 net sections prospective for Montney development.
The Company advises that although the initial rates from the 14-30 Well are very encouraging, production test results are not necessarily indicative of long-term performance or of ultimate recovery from the 14-30 Well.
About Contact Exploration Inc.
Contact Exploration Inc. is a public oil and gas company which has a long-term history of operating in Atlantic Canada and has recently demonstrated success in Alberta's liquids-rich Montney Formation tight gas play. For more information, please see the Company's website: www.contactexp.com
ADVISORY ON USE OF "BOEs": "BOEs" may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.
ADVISORY ON FORWARD-LOOKING STATEMENTS: This press release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "continue", "estimate", "may", "will", "should", "believe", "plans", "cautions" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the forgoing, this press release contains statements concerning the timing of clean up of frac water from the Company's 14-30 Well, utilizing completion techniques on subsequent wells at Kakwa, plans to vertically test and complete an up-hole Montney target on future wells, the economic returns from the 14-30 Well and the timing to tie-in the 14-30 Well, among others.
Forward-looking statements or information are based on a number of material factors, expectations or assumptions of Contact which have been used to develop such statements and information but which may prove to be incorrect. Although Contact believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Contact can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. In particular, in addition to other factors and assumptions which may be identified herein, no assurances can be given respecting: whether the Company's exploration and development activities respecting the Deep Basin Montney project and the 14-30 Well will be successful or that material volumes of petroleum and natural gas reserves will be encountered, or if encountered can be produced on a commercial basis; that the results of the 24 hour production test will be indicative of the long-term performance of the 14-30 Well or of ultimate recovery from the well; the ultimate size and scope of any hydrocarbon bearing formations at the Deep Basin Montney project; that additional drilling operations in the Deep Basin Montney project, including at the 14-30 Well, will be successful such that further development activities in this area is warranted; that Contact's efforts to raise additional capital will be successful; that Contact will continue to conduct its operations in a manner consistent with past operations; results from drilling and development activities will be consistent with past operations; the accuracy of the estimates of Contact's reserve volumes; the general stability of the economic and political environment in which Contact operates; drilling results; field production rates and decline rates; the general continuance of current industry conditions; the timing and cost of pipeline, storage and facility construction and expansion and the ability of Contact to secure adequate product transportation; future commodity prices; currency, exchange and interest rates; regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Contact operates; and the ability of Contact to successfully market its oil and natural gas products.
Further, events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation: changes in commodity prices; changes in the demand for or supply of the Company's products; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; changes in development plans of Contact or by third party operators of Contact's properties, increased debt levels or debt service requirements; inaccurate estimation of Contact's oil and gas reserve and resource volumes; limited, unfavourable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and certain other risks detailed from time-to-time in Contact's public disclosure documents. Additional information regarding some of these risk factors may be found under "Risk Factors" in the Company's Management Discussion and Analysis prepared for the year ended March 31, 2012. The reader is cautioned not to place undue reliance on this forward-looking information. The forward-looking statements contained in this press release are made as of the date hereof and Contact undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Contact Exploration Inc.
Steve Harding
President and CEO
Contact Exploration Inc.
Phone: (403) 771-1091
Fax: (403) 695-3915
Email: sharding@contactexp.com
www.contactexp.com
Canada Newswire
November 5, 2012 - 8:00 AM EST
CVB.v...news out...hsb
Compass Gold Receives Approval of Special Business at Annual General Meeting
Compass Gold Corporation CVB
11/5/2012 12:24:00 PM
Compass Gold Receives Approval of Special Business at Annual General Meeting
VANCOUVER, Nov. 5, 2012 /CNW/ - Compass Gold Corporation (TSXV: CVB) today announced that shareholders approved all matters at the Annual General and Special Meeting (the AGM), including the special business set forth below relating to a potential listing of the company's common shares on the Australian Securities Exchange (the ASX).
Up to 3-for-1 Share Consolidation
Shareholders at the AGM on November 1, 2012 approved the consolidation of the company's outstanding common shares on the basis of one (1) post-consolidation common share for every three (3) pre-consolidation common shares, or such lesser number of pre-consolidation common shares that the directors in their discretion may determine. The directors will have the sole discretion to select the final consolidation ratio and to implement the consolidation at any time prior to May 1, 2013, subject to the approval of the TSX Venture Exchange.
The consolidation would be implemented to enable Compass to satisfy the ASX's listing requirement that securities issued under an Initial Public Offering on the ASX must be offered and sold at a price of A$0.20 or more.
Amendments to Articles
Shareholders approved, by special resolution, certain amendments to the articles of the Company to incorporate provisions required by the ASX for companies listed on the ASX.
Amendments to Stock Option Plan
In addition to ratifying and approving the company's existing 10% rolling stock option plan, shareholders approved various amendments to the stock option plan to make the plan consistent with applicable ASX requirements for stock options.
Further details of the above matters are contained in the company's information circular relating to the AGM dated September 25, 2012 and filed on SEDAR (www.sedar.com).
The shareholder approvals obtained at the AGM empower the directors to determine whether and when to implement the consolidation and the amendments to the articles and stock option plan.
The company is not presently proceeding to implement the consolidation and amendments to its articles and stock option plan. As a result, the company's existing 10% rolling stock option plan and articles remain in effect.
The company plans to provide an update relating to the ASX listing application process during the coming weeks.
The company does not make any representation regarding the ability of the company to meet the ASX listing requirements or the possible success of the application process, or that the company will in fact apply for a listing on the ASX.
About Compass Gold Corporation
Compass Gold Corporation, a tier 2 mining issuer listed on the TSX Venture Exchange, is focused on gold exploration in Mali, Africa's third-largest producer of gold. Compass, through its wholly owned subsidiary, Africa Mining SARL, owns a 100% interest in four gold exploration permits (Yanfolila, Dandoko, Kolondieba, and Solabougouda) as well as holding applications over a further four areas, Mousala, Sirakourou, Yanfolila East, and Kolondieba Nord) covering an aggregate of 1,138 sq kms in key gold-producing regions in south west Mali, West Africa. Further information is available at www.compassgoldcorp.com.
Forward-Looking Information
This news release may include "forward-looking statements" including forecasts, estimates, expectations, and objectives for future operations that are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of Compass Gold Corporation. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Risks and uncertainties about Compass Gold's business are more fully discussed in the company's disclosure materials, including its MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Compass Gold does not assume the obligation to update any forward-looking statement, except as required by applicable law.
Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
COMPASS GOLD CORPORATION
"James Henderson"
James Henderson, President
SOURCE: Compass Gold Corporation
James Henderson
President
Compass Gold Corporation
Email: info@compassgoldcorp.com
www.compassgoldcorp.com
+1 (604) 638-8067
Investor and Media Relations
Richard W. Wertheim
Wertheim + Company Inc.
Email: wertheim@wertheim.ca
+1 (416) 594-1600
+1 (416) 518-8479 (cell)
Canada Newswire
November 5, 2012 - 12:24 PM EST
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?s=CVB&t=LIST&m=31739818&l=0&pd=0&r=0&msg=3#iBpoKicJSbB5Xee6.99
PTV.v finally we have some good news on the long awaited well workovers...hsb
Petro Vista Operations UpdatePetro Vista Energy Corp. PTV 10/29/2012 10:32:16 AMPetro Vista Operations Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2012) - Petro Vista Energy Corp. (TSX VENTURE:PTV) ("Petro Vista" or the "Company"), an independent oil and gas exploration and production company is pleased to provide the following update:
Tartaruga Work-Over
The workover program to install a downhole Electric Submersible Pump ("ESP") on the 7- TTG well in the Tartaruga Field in Brazil by the Operator has been successfully completed. The well was placed on production and produced a total of 486 barrels of oil in the first 24 hours of operation. The well is now being placed on production to determine the optimum level of long-term production rate and the Company will provide an update on production rates as these are determined. There can be no assurances that the flow rate will stabilize at current rates or higher rates over time.
This operation has seen significant delays due to operational issues including the failure of a downhole packer to release, the parting of tubing and drill string and electrical issues with the pump once it was run in the hole. It is planned to run a similar pump into the other existing production well in the Tartaruga Field in the near future. The forward plan also included the drilling of additional development wells in the Penedo Formation as well as a deeper target in the Serreria Formation identified on 3D seismic.
Petro Vista Chairman Keith Hill commented, "This has been a long struggle to complete this workover and get production back on line. With the current production and cash flow we hope to be able to continue the development of this field and will also examine business development and growth opportunities in the region."
The Company has earned the right to request a 37.5% working interest in the Tartaruga field. The assignment of this working interest is subject to several conditions, including approval from the consortium members and the Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis ("ANP"). The Company is awaiting receipt of these approvals.
Loan Advance
The Company announces it has negotiated an additional loan agreement with Mr. Keith Hill (the "Lender"), the Chairman and a director of the Company. The unsecured loan in the principal amount of $250,000 (the "Loan") matures and will be repayable on December 31, 2012 and accrues simple interest at a rate of 8% per annum.
The Lender is a related party and the loan transaction is a related party transaction. However, the directors of the Company, all of whom are independent in the respect of the Loan, have determined that the terms and conditions of the Loan are fair and reasonable and in the best interests of the Company, and have unanimously approved the Loan. In addition, the directors of the Company have determined that the Loan is exempted from the formal valuation and minority shareholder approval requirements.
The Company will use the proceeds of the Loan to fund a portion of the costs of the work over of the Tartaruga wells.
About Petro Vista Energy
Petro Vista Energy Corp. is an oil and gas exploration company with near-term production opportunities in South America. The Company has the rights to acquire an interest in an exploration, development and production property in Brazil.
ON BEHALF OF PETRO VISTA ENERGY CORP.
Keith Hill, Chairman of the Board of Directors
This press release includes "forward-looking statements" including expectations for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding the Company's plans and expectations for the development of the Tartaruga Block, future growth of the Company, development success, future production, reserve additions and capital expenditures are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling, completion and production risks, equipment failure, availability of labor, unexpected geological or other effects, regulatory changes and availability of capital. Additionally there are no guarantees that the sale of Petro Vista Energy Colombia (Barbados) Corp. will complete or is completed on the terms outlined above. 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. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Petro Vista Energy Corp.
Darren Devine
+1 (604) 638-8067
+1 (604) 648-8105 (FAX)
investor@pvecorp.com
www.pvecorp.com
Marketwire Canada
October 29, 2012 - 10:32 AM EDT
SMB.v perking up today? News coming ???
hsb
SIMBA ENERGY INC
SMB:TSXVView SMBZF on the OTCQX INTERNATIONALSet AlertAdd to WatchList.Last Change Bid (size) Ask (size) Volume Day Range
$0.150 +$0.020
(15.38%) 0.145 (358) 0.150 (186) 1,067,000 0.135 - 0.150
BuySell..Show Level Two QuotesHide Level Two Quotes# Orders Shares Bid Ask Shares # Orders
8 179000 0.145 0.150 93000 2
8 66000 0.140 0.155 98000 4
7 52000 0.135 0.160 183500 10
15 205000 0.130 0.165 47000 5
14 176500 0.125 0.170 175500 7
CEX.v's partner Pieridae Energy Canada gets some nice coverage in the G&M ...hsb
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/in-race-to-export-lng-a-new-atlantic-plan/article4634129/
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Since the beginning of 2002, the major American indices have posted modest gains. The Dow Jones has tacked on a healthy 22.5% while the NASDAQ and S&P 500 have gained 22.3% and 22.2% respectively.
The TSX-V spanked the pants off of all the world's major indices. Over the past five years the Venture Exchange is up:
* 10.3 times higher than England's FTSE 100;
* 10.1 times higher than France's Cotation Assistée en Continu 40 (CAC 40);
* 6.7 times higher than Germany's Deutsche Aktien Xchange 30 (DAX 30);
* 3.2 times higher than Japan's Nihon Keizai Shimbun 225 (Nikkei 225); and
* 2.9 times higher than Hong Kong's Hang Seng
With the index gaining 202.5% in just five years, you can just imagine the kinds of eye-popping returns some of the individual companies on the TSX-V have posted. Some of these include:
* CV Technologies Inc. - a gain of 9,301.3% in under three years;
* Seabridge Gold Inc. - a gain of 2,764.3% since April 2002;
* Energy Metals Corp. - a gain of 5,858.3% since September 2003;
* ECU Silver Mining Inc. - a gain of 5,983.3% in under three years;
* Laramide Resources Ltd. - a gain of 7,403.1% since May 2004;
* Exxel Energy Corp. - a gain of 7,217.7% in under a year; and
* Mega Uranium Ltd. - a whopping gain of 14,880.7% since June 2003
* Canaco Resources - a gain of 29,750% since Dec 2008
* ATAC Resources Ltd - a gain of 8,471% since Dec 2008
Just so you know...had you invested a modest $10,000 in each of these companies before they made their big moves, your net profit would have been over $5.27 million!
TSX VentureNews:http://www.stockhouse.com/news/index2.asp?exch=CDNX&SearchMonth=2&SearchDay=10&SearchYear=2008
TSX.v Most Active:http://www.stockhouse.com/tools/?page=%2FfinancialTools%2Fmostactive%2Easp%3Fexchange%3DTSX%2DV
TSX.v Top Gainers:http://www.stockhouse.com/mostactives/index.asp?type=winners&exchange=TSX-V
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TSX Venture Info
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I would like to add a tribute to a legend on the former VSE,Murray ''the pez"Pezim.This man single handedly revived the VSE on numerous occaisions.His last hurrah was Eskay Creek in1989.Murray wherever you are my friend,may you rest in peace.
For all you VSE nostalgia buffs,read "Rampaging Bulls" by Alexander Tadich,an oldie but a goodie lol
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