B2Gold President Clive Johnson on $160M acquisition of Auryx Gold

B2Gold Corp TSX:BTO announced that it has signed an agreement to acquire Auryx Gold Corp TSX:AYX at a purchase price of approximately
.88 per share of Auryx for a total equity value of $160 million. The merged companies will hold a 92% interest in Otjikoto gold project in Namibia as well as a 100% interest in two other Namibia projects.

B2Gold President/CEO Clive Johnson tells ResourceClips.com, “This is a friendly-merger deal—a plan of arrangement to combine the two companies. It’s valued at around $160 million in B2 shares. We’ve been aware of the Otjikoto project for a couple of years, and we thought it looked interesting. Our acquisition policy is to look for projects where we can come in and help a good technical group—which Auryx has—and bring our financial strength to bear on the project as well as our own exploration, mine-building and production experience. So we’ll be working with Auryx, and they’ll end up getting B2Gold shares.

Read and discuss the rest of this interview: http://bit.ly/qPnRnz

100% Confidence

Heatherdale’s Takeover Boosts Alaska’s Niblack

By Greg Klein

Prevailing market moods notwithstanding, a surge of optimism greeted the Heatherdale Resources Ltd TSXV:HTR bid to take over Niblack Mineral Development Inc TSXV:NIB. The October 5 joint announcement raised Niblack’s shares to a high of $0.23 before closing at $0.22, a 37% increase over the previous day’s closing price of $0.16. But—unusually for the acquisitive company Heatherdale did even better, closed at $0.54, 74% above the previous day.

Read and discuss the rest of this article: http://bit.ly/mZllpO

Grayd VP Exploration Hans Smit on $275M acquisition by Agnico-Eagle

Agnico-Eagle Mines Ltd TSX:AEM and Grayd Resource Corp TSXV:GYD announced Agnico-Eagle’s acquisition of Grayd. Under the agreement Agnico-Eagle will offer $2.80 per share for all of Grayd’s outstanding common shares. The transaction is valued at approximately $275 million on a fully-diluted basis. The offer of $2.80 per share represents a premium of 65.7% to the volume-weighted average price of Grayd shares for the 20-day period ending Sept. 16, 2011.

Read the interview: http://bit.ly/phemUC

Grayd VP Exploration Hans Smit on $275M acquisition by Agnico-Eagle

Agnico-Eagle Mines Ltd TSX:AEM and Grayd Resource Corp TSXV:GYD announced Agnico-Eagle’s acquisition of Grayd. Under the agreement Agnico-Eagle will offer $2.80 per share for all of Grayd’s outstanding common shares. The transaction is valued at approximately $275 million on a fully-diluted basis. The offer of $2.80 per share represents a premium of 65.7% to the volume-weighted average price of Grayd shares for the 20-day period ending Sept. 16, 2011.

Read the interview: http://bit.ly/phemUC

Bayfield CEO Jim Pettit on Ontario silver assays of 1,414.55 g/t over 1.1m

Bayfield Ventures Corp TSXV:BYV announced results from its Burns Block Property in the Rainy River District of northwestern Ontario. Highlights include

1,414.55 g/t silver over 1.1 metres (including 2,020 g/t over 0.6 metres)
35.35 g/t over 14 metres (including 55.11 g/t over 7 metres)
11.9 g/t over 23.4 metres (including 20.2 g/t over 10.1 metres)
20.38 g/t over 9 metres (including 89 g/t over 1 metre)

The property borders the eastern boundary of Rainy River Resources’ multimillion-ounce gold deposit in northwestern Ontario. The Burns Block Property is accessible by numerous all-weather gravel highways and township roads leading to provincial highways 11 and 71.

Read the interview: http://bit.ly/olBWA2

Bayfield CEO Jim Pettit on Ontario silver assays of 1,414.55 g/t over 1.1m

Bayfield Ventures Corp TSXV:BYV announced results from its Burns Block Property in the Rainy River District of northwestern Ontario. Highlights include

1,414.55 g/t silver over 1.1 metres (including 2,020 g/t over 0.6 metres)
35.35 g/t over 14 metres (including 55.11 g/t over 7 metres)
11.9 g/t over 23.4 metres (including 20.2 g/t over 10.1 metres)
20.38 g/t over 9 metres (including 89 g/t over 1 metre)

The property borders the eastern boundary of Rainy River Resources’ multimillion-ounce gold deposit in northwestern Ontario. The Burns Block Property is accessible by numerous all-weather gravel highways and township roads leading to provincial highways 11 and 71.

Read the interview: http://bit.ly/olBWA2

Probe President David Palmer on Ontario gold assays of 10.9 g/t over 6.6m

Probe Mines Limited TSXV:PRB announced drill results from its Borden Lake gold project near Chapleau, Ontario. Assays include:

1 g/t gold over 4 metres<br></br>
2.3 g/t over 17.7 metres (including 9.2 g/t over 3.7 metres)
0.6 g/t over 100.5 metres (including 1.2 g/t over 17.5 metres)
10.9 g/t over 6.6 metres (including 57 g/t over 1 metre)
0.6 g/t over 93.9 metres
0.8 g/t over 129.9 metres (including 1.8 g/t over 38.3 metres)
0.6 g/t over 113 metres
0.6 g/t over 130 metres.

A drill has been mobilized to test geophysical anomalies identified north of the Borden Lake gold zone by induced-polarization survey. The 100-line-kilometre survey is expected to be completed over the next two weeks. Drilling is expected to start this week.

Read the interview at: http://bit.ly/mQpHHE

Estrella President Keith Laskowski on Peru gold assays of 0.52 g/t gold over 110.5m

Estrella Gold Corp TSXV:EST announced results from its Colpayoc Gold Project in northern Peru. Assays include

0.52 g/t gold over 110.5 metres (including 1.27 g/t over 10.1 metres)
0.57 g/t over 53 metres (including 0.34 g/t over 13 metres)
0.4 g/t over 43.7 metres (including 0.98 g/t over 5 metres)
0.65 g/t over 22.5 metres
0.62 g/t over 25.5 metres (including 0.99 g/t over 8.1 metres)

President/CEO/Director Keith Laskowski tells ResourceClips.com, “These results are very similar to what we predicted. We’ve got an outcropping gold deposit, and we’re collecting systematic drill holes through it so we can qualify those results for a 43-101-compliant resource. We anticipate that this resource will substantially increase the existing compliant resource. We’re not in a position to drill off the entire deposit—our drill holes are quite shallow, generally down to about 130 to 150 metres. We’ll probably get around 400,000 ounces near surface, but these types of systems are entirely capable of producing multimillion-ounce deposits, if you drill deeper. We’re going to be looking for a partner to do that.”

Read the rest of the interview: http://bit.ly/oV2JLG.

Cedar Mountain President Charles Chebry on Alaska gold assays including 1.04 g/t over 26.8m

Cedar Mountain Exploration Inc TSXV:CED announced results from its Kelly Creek project on the Seward Peninsula, Alaska. Assays include:

.71 g/t gold over 12 metres
0.74 g/t over 21.7 metres (including 1.08 g/t over 7.2 metres)
1.28 g/t over 3 metres
1.04 g/t over 26.8 metres (including 2.07 g/t over 10.1 metres)
0.88 g/t over 16.5 metres (including 1.34 g/t over 7.5 metres)
1.31 g/t over 6.1 metres

President/CEO Charles Chebry tells ResourceClips.com, “The Kelly Creek project is an unglaciated environment, and we’ve found that soil-geochem work is very effective in identifying areas that are prospective for gold. We have several very large gold-in-soil footprints there. We were able to drill five different targets this year, and some of those targets had multiple zones. We’ve drilled a total of 4,800 metres—45 very shallow holes. Today’s release was centred on the first area, itself called Kelly Creek, which had two zones. For the first pass, I think those are pretty encouraging results.

Read the rest of the interview: http://bit.ly/peRSjr.

The Iron Hub
Alderon Sees Massive Kami Production

By Greg Klein

Something big is happening in Labrador and, according to Alderon Resource TSXV:ADV Executive Chairman Mark Morabito, it’s part of the most underreported story in mining. “Everybody knows Chinese steelmakers want to diversify their iron ore supply away from the Big Three, which are Vale, Rio Tinto and BHP Billiton. So the Chinese are out there making deals with earlier-stage companies. But that’s had a domino effect.”

See the rest of this article at http://resourceclips.com/2011/09/28/the-iron-hub/.

Shear Economy
Atlanta Advances its Idaho Gold-Silver Project

By Greg Klein

“Essentially, what we’re selling is cheap ounces in the ground,” explains Atlanta Gold TSX:ATG Director/VP/CFO Bill Baird. “Our discovery or development cost per ounce—including all overhead, all expenses in the company, everything—is less than $20 a [gold equivalent] ounce. We’ve got a very cost-effective operation.” That helps explain Baird’s ebullience during a time of market turbulence. And frugality notwithstanding, Atlanta’s game plan is ambitious. The company aims for a 250,000-ounce increase in its gold-equivalent resource each year.

Check out http://resourceclips.com/2011/10/04/shear-economy/ to read the rest of this article!

PGMs in ONT
Pacific North West is a N American Choice

By Ted Niles

Two things bode well for Pacific North West Capital Corp TSX:PFN and its River Valley PGM-gold project in Ontario. The first is the continuing growth in automotive manufacture, driven (so to speak) in large part by the burgeoning Chinese market. This means a concomitant increase in the production of autocatalysts, the largest single source of industrial demand for platinum group metals. The second is the social and political instability in South Africa, compounded by its ongoing electricity crisis, which threaten its status as the largest platinum producer, and second largest palladium producer, in the world.

Goto http://resourceclips.com/2011/10/05/pgms-in-ont/ to read the rest of this article.