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That's an ugly looking chart with the share price cut in half over the past 6 months. You say they have cash but do they also have some large outstanding debt or something? Must be some reason for the decline while gold reaches new all time highs. What's their cash cost?
Nothing new that I've seen. Just a solid company starting to realize full value.
Surging again today, but does anybody care?
Nice move!
Pretty muted reaction so far. I guess its the good news of concentrates shipped versus possible bad news of potentially several more weeks for commercial production. All looks pretty darn good to me overall.
Weeeeeeeeeeee!
Wow! EAS.V continues to soar, up over a dollar to $7.36 right now. Never did pull the trigger on it...
East Asia Minerals Bottoms Hole With 15.74 g/t Gold Over 22 Metres Within 111 Metres Grading 3.96 g/t Gold; Extends Miwah Further North Towards Moon River With Increasing Grade and Thickness
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 04/09/10) - East Asia Minerals Corporation (TSX-V:EAS - News) announces that drilling has extended the Miwah Main Zone towards Moon River at the Miwah Gold Project in Aceh Province, Northern Sumatra, Indonesia. EMD024 encountered 3.96 g/t gold over 111 metres, including 15.74 g/t gold over 22 metres, indicating increasing grade and thickness to the north. The hole was terminated, due to rig limitations, at 209 metres with the penultimate and ultimate metre intercepts downhole grading 17.25 g/t gold and 20.6 g/t gold respectively. East Asia has drill validated the 1.2 kilometre east-west outcrop width of the shallow, laterally extensive Miwah Main Zone, and has encountered gold mineralization in all of its holes. The Miwah Main Zone remains open in all directions with the Moon River area expanding the north-south potential to more than 600 metres, whilst remaining open further to the north towards Sipopok. Sampling west of the Miwah Main Zone has potentially expanded the east-west width another 600 metres. The Company notes that with the latest drilling results that the Miwah Main Zone has now been extended towards a similar northing as Moon River.
EMD024 was drilled with a due north azimuth and 55 degree dip, 125 metres north from EMD023, and was completed at 209 metres downhole depth. This is the furthest north the Company has drilled the Miwah Main Zone to date, with the mineralization continuing to the end of hole and beginning to firmly establish a link with Moon River. Gold grading 3.96 g/t was encountered from 98 to 209 metres, including 15.74 g/t gold from 187 to 209 metres. The gold is open to depth and in all directions, and is interpreted to be contiguous to the south where EMD018 encountered 2.18 g/t gold over 116 metres including 3.28 g/t gold over 61 metres, and EMD019 encountered 4.08 g/t gold over 81 metres including 9.29 g/t gold over 21 metres. Along section the mineralization is increasing in grade and thickness to the north.
EMD025 was drilled with a due west azimuth and 55 degree dip, to test west from EMD024, and was completed at 210 metres downhole depth. Commencing at 87.8 metres depth the hole encountered multiple zones of visually altered and mineralized rock to 206.6 metres. Assays are pending.
EMD026 is being drilled with a 310 degree azimuth and 50 degree dip, targeting the extension of silicification to the north and east of the Miwah Bluff portion of the Miwah Main Zone. It is a north-westerly step out from EMD014. The hole is progressing well, having encountered visually altered and mineralized rock from 104 metres downhole depth.
EMD027 is commencing with a 180 degree azimuth and 55 degree dip, to confirm thickness and test for gold grade variation in the high-grade vuggy silicification north from EMD023 (Refer to drill location map at http://www.EAminerals.com/).
Miwah Background
The Miwah Gold Prospect was partially defined by approximately 3,100 metres of drilling in twelve holes by a previous explorer in 1997. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres of 1.4 g/t gold and 58 metres of 1.1 g/t gold. The previous explorer suggested potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was parallel to higher grade (greater than 5 g/t gold) structures at surface. Hence, in addition to greater mineralized tonnage, significantly higher overall grades are anticipated from better geological understanding, results of the Company's detailed sampling, and properly oriented drill holes.
Based on the Company's work Miwah is resolving into two components; a large 1,200 metre long, at least 300 to 400 metre wide, approximately 200 metre thick tabular zone; and vertical diatreme breccia feeder zones that are beneath and cut through this. At Miwah Gold Zones, East Asia has almost 2,500 metres of rock sawn channel samples which average 2.35 g/t gold. Grade expectations in Main Miwah Gold Zone exceed 1.5 g/t gold. Ongoing sampling verified the Company's confidence that higher overall gold grades can be achieved due to the presence of multiple high grade rock sawn channel samples throughout the strike, including 4.11 g/t gold over 200 metres at the eastern part of the Main Miwah Gold Zone, and 4.35 g/t gold over 27 metres at the western part. Recent drilling has supported this. In addition to the tabular zone the Company has begun to characterize some of the diatreme breccia feeder zones, with rock sawn channel samples including 83.59 g/t gold over 24 metres and 20.14 g/t gold over 12 metres. Recent drilling has supported this. These feeder zones have great potential to develop into substantial tonnages of higher grade gold mineralization in an area adjacent to the Main Miwah Gold Zone.
The Miwah Property is in a very similar volcanic setting to the Martabe gold-silver deposit, also located in North Sumatra (Purnama and Baskara resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces gold) and 15 g/t silver (60 million ounces silver), and the alteration system is of a comparable size. Miwah also exhibits a likeness to the size, style and geometry of the alteration system developed at the Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t silver, giving a total 6.49 million ounces gold and 47.9 million ounces silver).
Samples reported were assayed at Intertek assay laboratories in Jakarta. Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed and approves the content of this release. East Asia has not verified the classification of the resource references and is not treating them as NI 43-101 defined resources verified by a QP. Although the references of resources are relevant to recognizing the potential of the Miwah project, they should not be relied upon.
About East Asia Minerals Corporation
East Asia Minerals (TSX-V:EAS - News) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being advanced to define NI43-101 compliant resources. The Company owns eight uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 71,455,372 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
Forward Looking Statements - This News Release contains forward looking information within the meaning of the British Columbia Securities Act, the Ontario Securities Act and the Alberta Securities Act, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with our expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including uranium, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of the Company. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
To receive or stop receiving EAS news via email, please email Info@EAminerals.com and state your preference in the subject line.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:East Asia Minerals Corporation - VancouverMichael HawkinsPresident and CEO+1-604-684-2183Hawkins@EAminerals.comEast Asia Minerals Corporation - TorontoNick KohlmannCorporate Communications+1-416-792-8734Kohlmann@EAminerals.comhttp://www.EAminerals.com/
11.50!
AXU just broke out to its highest in almost 2 years.
GORO not far from breaking past its all-time high.
Quality names are leading the way!
How long will this run last?
10.93!
High today of $10.77 so far. Hopefully we can break through March's high of $10.82 and February's high of $10.87 and then all we have left is January's all-time high of $11.40!
New construction photos - http://www.goldresourcecorp.com/presentation/progress/player.html
Nice to see the work at Arista now!
Timberline Agrees to Acquire Staccato Gold With Potential Near-Term Nevada Gold Production at Lookout Mountain
COEUR D'ALENE, Idaho, March 23, 2010 (GLOBE NEWSWIRE) -- Timberline Resources Corporation (NYSE Amex:TLR) ("Timberline") and Staccato Gold Resources Ltd. (TSX-V:CAT - News) ("Staccato") are pleased to announce that they have entered into a definitive agreement (the "Agreement") whereby Timberline will acquire, through a court-approved plan of arrangement, all of the issued and outstanding common shares of Staccato by means of a share exchange (the "Arrangement"). Under the Agreement, Staccato shareholders will receive one share of common stock of Timberline and $0.0001 for every seven Staccato common shares held (the "Exchange Ratio"). This represents a value of approximately CND$0.17 per Staccato common share based on the closing price of Timberline shares on the NYSE Amex on March 22, 2010, an 82% premium to the closing price of Staccato shares on the date prior to announcement of the Arrangement and a 76% premium to Staccato's 20-day volume weighted average closing price.
Executives of Timberline and Staccato will hold a conference call to discuss this acquisition at 4:30 pm Eastern Time (1:30 pm Pacific Time) tomorrow afternoon, March 24, 2010. Details regarding the conference call are provided below.
With the completion of this Arrangement, Timberline will acquire Staccato's South Eureka property which includes a drill-tested exploration portfolio and the advanced-stage Lookout Mountain project, located along Nevada's Battle Mountain -- Eureka trend, and approximately $5 million in cash.
The South Eureka property is comprised of several projects included within one of the largest exploration land packages in the Battle Mountain / Eureka Trend -- approximately 15,000 acres. The property has identified exploration potential evidenced by historic workings and gold anomalies throughout the district. The flagship Lookout Mountain project features a defined section of mineralized material within a large scale structural corridor and numerous high-priority targets to test. Timberline's Butte Highlands Gold Project is funded to production by its joint venture partner; therefore, Timberline intends to focus its exploration efforts at Staccato's Lookout Mountain project.
Benefits for Timberline Shareholders
•Low cost acquisition of significant mineralized material base with near-term gold production potential at the Lookout Mountain project
•Large, drill-tested, highly prospective project portfolio on Nevada's Battle Mountain - Eureka gold trend
•Cash infusion of approximately $5 million for exploration and development, primarily at the Lookout Mountain project
•Addition of strategic assets in Nevada while maintaining an attractive share structure
Benefits for Staccato Shareholders
•Strong premium to recent Staccato market price and a fresh start toward realization of shareholder value
•Anticipated near-term gold production at the Butte Highlands joint venture where Timberline owns a 50% carried-to-production interest
•A vertically-integrated company with in-house capability, expertise, and strategic alliances to explore, drill, permit, develop, and produce -- and the corporate strength to advance Staccato's projects
•Two core drilling subsidiaries with positive cash flow and annual revenue over US$17 million in the fiscal year ended September 30, 2009 will provide economical drilling for exploration and development
•Attractive corporate vehicle and share structure to accommodate additional acquisitions and growth
Timberline CEO Randal Hardy stated, "We are very pleased with this acquisition opportunity and the value it represents for our shareholders. We are focused on projects that offer near-term production potential with significant exploration upside, and we believe that Staccato's South Eureka properties provide an excellent fit. Combined with our development-stage Butte Highlands project and our core drilling businesses, the Staccato assets will advance our goal of positioning Timberline as an emerging junior gold producer."
Mr. Hardy added, "Following a thorough technical review, we believe that the Lookout Mountain project has potential for near-term open pit production with relatively modest capital expenditures. We believe our team is well-suited to advance the project. Our V-P Exploration, Paul Dircksen, has extensive gold exploration and mine development experience in Nevada and has contributed to the discovery of several gold deposits that later became operating mines. Our newest board member, Bob Martinez, adds extensive metallurgical knowledge and experience managing heap leach operations in Nevada. Paul, Bob, and our entire team are enthusiastic about acquiring Staccato and look forward to advancing the Lookout Mountain project."
Timberline's Chairman and V-P Exploration, Paul Dircksen, stated, "Staccato's South Eureka package lies within the Battle Mountain / Eureka Trend in Nevada, just a few miles from Barrick's two-million ounce Archimedes / Ruby Hill mine. Our internal studies indicate that the Lookout Mountain project hosts significant oxide gold mineralization amenable to low-cost, heap-leach recovery techniques, along with a smaller, high-grade, sulfide resource. Our plan is to drill in-fill and step-out holes to further define and expand known mineralized zones, conduct additional metallurgical testing, and complete an economic scoping study for a near-term production decision. We also plan to launch field programs at Windfall and other earlier-stage, high-potential targets. We are very excited to acquire the South Eureka property and believe that it is an excellent fit for our business plan and our team."
Staccato's President and CEO, Grant Ewing, said, "We are very pleased with the premium offer Timberline has made. Timberline is a near-term producer that has the expertise and the knowledge base to move our advanced stage Lookout Mountain project towards production - in addition to their own projects. We are impressed with the Timberline management team and believe that the combined assets of Staccato and Timberline represent enhanced value creation potential for Staccato shareholders."
Summary of Arrangement
The proposed arrangement between Timberline and Staccato is expected to be completed by way of a court-approved plan of arrangement whereby one share of common stock of Timberline and $0.0001 will be exchanged for seven (7) Staccato common shares and Staccato will become a wholly-owned subsidiary of Timberline. Upon completion of the Arrangement, Timberline will have approximately 56 million common shares issued and outstanding, with 73 million shares on a fully diluted basis. Current Timberline shareholders will own approximately 74% of the shares outstanding and former Staccato shareholders will own approximately 26%. On a fully diluted basis, Timberline will be owned 71% by current Timberline shareholders and 29% by current Staccato shareholders. In conjunction with this Arrangement, Timberline will seek a listing of its shares of commons stock on the TSX Venture Exchange with the intent to have a listing in Toronto in addition to the NYSE Amex listing.
Pursuant to the Arrangement, the holders of a portion of the outstanding Staccato options and the holders of all Staccato warrants will be entitled to receive Timberline options and warrants at the Exchange Ratio and with corresponding changes to the exercise price based on the Exchange Ratio. The balance of the outstanding Staccato options will either be exchanged for Staccato shares prior to the closing or cancelled at closing.
Completion of the Arrangement is subject to regulatory approvals and a favorable vote of at least two-thirds of the holders of Staccato common shares voted at a special meeting of shareholders to be held on May 14, 2010 and a favorable vote of a majority of the holders of shares of Timberline common stock voted at a special meeting of shareholders to be held in May 2010.
The Arrangement is subject to customary closing conditions including the receipt of all necessary court and regulatory approvals, including the approval of the NYSE Amex and the TSX Venture Exchange. The Agreement provides for the payment of reciprocal break fees under certain conditions, and the Arrangement is expected to close by June 15, 2010.
The Arrangement has been unanimously approved by the Board of Directors of both Staccato and Timberline, and the management and directors of both companies have entered into support agreements. The Agreement contains a commitment from Staccato not to solicit or initiate discussions concerning alternative transactions to the proposed Arrangement.
Management Team and Board of Directors
There will be no change in the management or Board of Directors of Timberline following the completion of the Arrangement.
Conference Call
The conference call to discuss the Arrangement will be hosted by Paul Dircksen, Chairman and VP Exploration of Timberline, Randal Hardy, CEO of Timberline, and Grant Ewing, CEO of Staccato. They will be available for questions immediately following a presentation highlighting the value of the Arrangement for both companies' shareholders. The presentation that will be followed during the call will be available at Timberline's web site at http://www.timberline-resources.com/.
Conference call details:
Toll free: (800) 214-0694
International: (719) 955-1425
Passcode: 713423
A link to a replay of the call will be available for two weeks on the same Timberline web site.
About Timberline Resources Corporation
Timberline is a diversified gold company with three complementary business units: a mine in development with anticipated gold production, an active exploration division, and two contract core drilling subsidiaries. Timberline is focused on the evaluation and the acquisition of advanced-stage exploration opportunities, with the potential for near-term development and production. Timberline formed a 50/50 joint venture with Highland Mining, LLC, an affiliate of Small Mine Development, at its royalty-free Butte Highlands Gold Project which commenced development in the summer of 2009 and has gold production targeted in the near term. The Management team has experience, depth, and a solid track record of achievement in building successful companies and discovering economic ore bodies. Timberline is listed on the NYSE Amex and trades under the symbol "TLR".
About Staccato Gold Resources Ltd.
Staccato Gold is a well funded junior gold exploration company with resources and advanced stage exploration assets located exclusively in Nevada. Staccato has assembled a portfolio of prospective gold prospects in the dominant gold trends in Nevada.
Additional Information and Where to Find It
In connection with Timberline's and Staccato's solicitation of proxies with respect to the meeting of shareholders of each of Timberline and Staccato to be called with respect to the proposed Arrangement, Timberline will file a proxy statement with the Securities and Exchange Commission (the "SEC") and Staccato will file an information circular with certain regulatory authorities in Canada.
SHAREHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT/INFORMATION CIRCULAR WHEN IT IS FINALIZED AND DISTRIBUTED TO SHAREHOLDERS BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION.
Shareholders will be able to obtain a free-of-charge copy of the proxy statement/information circular (when available) and other relevant documents filed with the SEC from the SEC's website at http://www.sec.gov and with Canadian regulatory authorities from SEDAR at http://www.sedar.com. Shareholders of Timberline will also be able to obtain a free-of-charge copy of the proxy statement and other relevant documents (when available) by directing a request by mail or telephone to Timberline Resources Corporation, 101 E. Lakeside, Coeur d'Alene, Idaho 83814 or (208) 664-4859, or from Timberline's website, http://www.globenewswire.com/newsroom/ctr?d=187208&l=33&a=www.timberline-resources.com&u=http%3A%2F%2Fwww.timberline-resources.com. Shareholders of Staccato will also be able to obtain a free-of-charge copy of the information circular and other relevant documents (when available) by directing a request by mail or telephone to Staccato Gold Resources Ltd., Suite 2060, 777 Hornby Street, Vancouver, British Columbia, Canada V6Z 1T7 or (604) 682-8789 or from Staccato's website, http://www.globenewswire.com/newsroom/ctr?d=187208&l=33&a=www.staccatogold.com&u=http%3A%2F%2Fwww.staccatogold.com.
None of the securities anticipated to be issued pursuant to the Arrangement have been or will be registered under the Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws, and are anticipated to be issued in reliance upon available exemptions from such registration requirements under Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Certain statements in this press release relating to the proposed Arrangement and Timberline's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. These statements include statements regarding completion of the Arrangement, the near and long term value of Timberline following the Arrangement, future production by Timberline, value to be realized by utilizing Timberline's drilling subsidiaries for anticipated exploration activities, Timberline's future exploration activities following the Arrangement, and future development at Timberline's and Staccato's properties. Timberline does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, including that the required approval will be obtained from the shareholders of Timberline or Staccato, that all third party regulatory and governmental approvals to the Arrangement will be obtained and all other conditions to completion of the Arrangement will be satisfied or waived. Timberline makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Timberline to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold could prevent Timberline from achieving its targets. Other factors are disclosed under the heading "Risk Factors", "Risks and Uncertainties" and elsewhere in Timberline's documents filed with the NYSE Amex and the United States Securities and Exchange Commission.
Contact:
Timberline Resources Corporation
Randal Hardy, CEO
208.664.4859
www.timberline-resources.com
CAT.V is selling at a pretty good discount to the premium offered by TLR right now.
True that, but it sure is nice to show a gain on a day when gold is down $20 and all other miners are dropping.
Short term projections anyone?
Should have commercial produciton announcement soon, probably some new drill results sooner or later?
Is this stock on cruise control now and tied to the price of gold, or are there other significant events to look out for?
From the Minera Board:
Posted by: apljack Date: Tuesday, March 16, 2010 11:15:32 AM
In reply to: frankie_fillet who wrote msg# 227 Post # of 229
Word on the yahoo board from someone who attended the PDAC last week is that HOC will announce the SJ life of mine extension for another 5 years in their next quarterly numbers. This is likely to take us to $1.25.
If you don't read that board, the poster also talked to MAI folks about Los Azules and the co. confirmed that they have many inquiries about a JV, but MAI consistently says "no" and tell the suiters that they are drilling to find out "what we have" and won't talk partnership or sale until they have a better idea of the scope of their reserves there.
I've read that the "in the ground value" of LA ranges from $250-400 million, depending on the proven reserves (which is likely to go up).
aj
Pretty nice action here lately. $1.25 today after trading around $0.90 a month ago.
Timberline Advances Underground Development at Butte Highlands
COEUR D'ALENE, Idaho, March 8, 2010 (GLOBE NEWSWIRE) -- Timberline Resources Corporation (NYSE Amex:TLR) ("Timberline") is pleased to announce that the underground ramp at its Butte Highlands Gold Project is steadily moving forward and has been advanced approximately 300 feet from the portal.
Small Mine Development (SMD), the mine development contractor, continues to assemble the required infrastructure at the project and refine the mine engineering. The decline, which measures approximately 16 feet by 16 feet, will be used to access the mineralized area for in-fill and definition drilling, as well as future mining. The drilling is expected to begin by June 2010.
Timberline's application for the hard rock operating permit is also moving ahead with the inclusion of specific mining and environmental mitigation details. Klepfer Mining Services is writing the application, and Timberline management expects that it will be submitted later this month.
Additional photos and videos showing the activities at the Butte Highlands Gold Project have been added and may be viewed on the Timberline web site at http://www.timberline-resources.com/.
Timberline Resources Corporation is a diversified gold company comprised of three complementary business units: an underground mine with upcoming gold production, exploration, and drilling services. Its unique, vertically-integrated business model provides investors exposure to gold production, the "blue sky" potential of exploration, and the "picks and shovels" aspect of the mining industry. Timberline has contract core drilling subsidiaries in the western United States and Mexico and an exploration division focused on district-scale gold projects with the potential for near-term, low-cost development. The Company has formed a 50/50 joint venture with Highland Mining, LLC, an affiliate of Small Mine Development, LLC, at its Butte Highlands Gold Project where development commenced in 2009. Timberline is listed on the NYSE Amex and trades under the symbol "TLR".
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties, including but not limited to the Company's 50/50 joint venture with Highland Mining LLC, the development and production of the Company's Butte Highlands project, and the Company's expected operations. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "intend" and "expect" and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Annual Report on Form 10-K for the year ended September 30, 2009. Except as required by Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.
Contact:
Timberline Resources CorporationRandal Hardy, CEO208.664.4859
IMO GDMN has dropped and will keep dropping until they open their darn mouths and let us know what is going on!
What's the exact IPO pricing and amount of shares?
Where's the uplisting?
Why no PR explaining anything yet?
Why wasn't this already done weeks ago as expected?
This is precisely the reason I haven't bought in yet, and still don't know that I ever will. The case for doing so evaporates with each passing day...
Dissapointment is the norm in miners, the real gems are rare.
Anyone ever taken a serious look at Kimber?
Kimber to commence drilling at the Pericones silver project
VANCOUVER, Feb. 25 /PRNewswire-FirstCall/ - Kimber Resources Inc. (NYSE Amex:KBX, TSX:KBR) announces that drilling is set to commence during March 2010 on the 100 percent owned Pericones silver project in Southern Mexico. The initial core drilling program is expected to be in the range of 2,500 to 3,000 metres and will be focused on the Plaza de Gallos area of Pericones, where previous surface and underground sampling returned significant silver values.
"I am pleased to announce our plans to commence drilling at Pericones next month" said Gordon Cummings, President and CEO of Kimber Resources. "Under the leadership of Marius Mare, Vice-President, Exploration and our senior Mexican geologists, our technical team has been making excellent progress in planning and preparing our initial drill targets. This is an exciting period for Kimber as we embark on an initial drill campaign at Pericones in tandem with advancing the Monterde project towards a completed preliminary economic assessment."
The Pericones project is comprised of two contiguous concessions totaling 11,890 hectares located approximately 160 kilometres southwest of Mexico City. The area has been the subject of mineral exploration since colonial times, with numerous historic small scale mines and workings on the Pericones property. Infrastructure is excellent, with two paved roads transecting the concessions, both with parallel hydro lines, as well as numerous, well maintained gravel roads connecting local communities. Water is available year-round from streams and rivers passing through the property.
Four main areas of interest have been identified at Pericones to date: Plaza de Gallos, El Cirian, Aquacate and Tejamanil. The Plaza de Gallos target was the primary focus of Kimber's most recent exploration work on the Pericones property. An adit, approximately 110 metres long with two levels, and excavated in the 1980's, was mapped and sampled by Kimber personnel during the 2008/2009 exploration program. The Plaza de Gallos structure ranges from 1.3 to 3.0 metres in width and silver-gold mineralization occurs throughout the entire length of the adit. High grade silver is associated with elevated levels of copper, lead and zinc.
Highlights from the underground sampling at Plaza de Gallos include:
- 1,362 g/t silver and 0.31 g/t gold over 2.3m; - 307 g/t silver and 0.24 g/t gold over 3.0m; - 480 g/t silver over 2.9m; and - 225 g/t silver and 0.60 g/t gold over 1.9m.
The surface trace of the mineralization has been mapped by Kimber geologists over 900 metres of strike from the adit portal. Five samples collected from the surface expression of the structure returned values of 171 g/t to 242 g/t silver in chip samples over widths of 1.5 metres. These samples ranged from 190-160 metres vertically above the mine workings. Kimber has finalized all land use agreements and permitting at Plaza de Gallos and the target has been prepared for drilling.
About Kimber
Kimber owns mineral concessions covering in excess of 39,000 hectares in the prospective Sierra Madre gold-silver belt, including the Company's Monterde property, where three deposits with gold-silver mineral resources have already been defined. The most advanced of these, the Carmen deposit, has been extensively drilled and has undergone detailed geologic modeling in order to evaluate the potential for a combined open pit and underground mining operation based on current mineral resources. The Company is now seeking to complete a preliminary economic assessment of the Carmen and Veta Minitas deposits. In addition, the Company has a 100% interest in the mineral concessions of its Pericones property, an 11,890 hectare property targeted for silver, located approximately 160 kilometres southwest of Mexico City.
Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfil such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Mr. Petrus (Marius) Mare P.Geo., Vice-President Exploration of the Company. The exploration activities at the Monterde and Pericones project sites are carried out under the supervision of Mr. Mare, who is the designated Qualified Person under National Instrument 43-101 for the Monterde and Pericones projects. Mr. Petrus (Marius) Mare, Vice-President Exploration, is the designated Qualified Person (Q.P.) for the Monterde and Pericones projects being responsible for quality control and has verified the data being disclosed. He has determined that the laboratory reports matched the surface and adit sample logs and that the quality control assays fall within reasonable limits. QA/QC procedures incorporate blanks inserted at the core shack (Monterde and Pericones projects) and standards inserted after sample preparation (Monterde Project). Pulps are analyzed by ALS Chemex at its laboratory in North Vancouver, British Columbia, using 50 gram sub-samples, using fire assay with an AA finish for gold and four-acid digestion and ICP finish for silver from a 0.4 gram subsample. High grade gold or silver intervals are re-assayed by fire assay with gravimetric finish.
Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Kimber Resources uses certain terms on its website (and certain press releases), such as "measured," "indicated," and "inferred," "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S.Investors are urged to consider closely the disclosure in our Form 20-F which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
Vista Gold (VGZ) currently holds six projects with an estimated 1.3 million ounces of proven and probable reserves, 12.8 million ounces of measured and indicated resources and 4.6 million ounces inferred.
Market cap around $90 million... How's that compare to other gold miners right now given their assets?
Gold Resource Corporation Accelerates Exploration Adding Second Core Drill at Its Aguila Project
DENVER, CO--(Marketwire - 02/23/10) - Gold Resource Corporation (GRC) (OTC.BB:GORO - News) (Frankfurt:GIH - News) is pleased to announce an additional drill rig to accelerate exploration at its El Aguila Project, located in Oaxaca, Mexico.
Gold Resource Corporation expands its exploration program at its El Aguila project signing a new 6000 meter drill contract. GRC's drill contractor, GeoDrill S.A. de C.V., has delivered the second drill rig to the Aguila Project.
William W. Reid, President of Gold Resource Corporation, stated, "We are excited to test numerous new drill targets we have developed on our El Aguila Project with the goal of adding a fourth deposit. Though all three of our deposits discovered to date, the Aguila open pit, El Aire vein system and Arista vein system, have potential to expand with additional drilling we are very excited to test new areas of interest on the project."
Mr. Reid stated, "During the capital intensive period of building the mill we chose to go with one drill rig. We are now comfortable bringing in the second rig to accelerate our exploration. We will focus drilling on our new Aguila Project targets and are considering El Rey and Las Margaritas Projects this year for potential drill programs as well."
About GRC:
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 48,050,284 shares outstanding and no warrants. For more information, please visit GRC's website, located at http://www.Goldresourcecorp.com/ and read the Company's 10-K for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the Securities and Exchange Commission
Contact:
Jason Reid
VP / Corporate Development
303-320-7708
Gold Resource Corporation Accelerates Exploration Adding Second Core Drill at Its Aguila Project
DENVER, CO--(Marketwire - 02/23/10) - Gold Resource Corporation (GRC) (OTC.BB:GORO - News) (Frankfurt:GIH - News) is pleased to announce an additional drill rig to accelerate exploration at its El Aguila Project, located in Oaxaca, Mexico.
Gold Resource Corporation expands its exploration program at its El Aguila project signing a new 6000 meter drill contract. GRC's drill contractor, GeoDrill S.A. de C.V., has delivered the second drill rig to the Aguila Project.
William W. Reid, President of Gold Resource Corporation, stated, "We are excited to test numerous new drill targets we have developed on our El Aguila Project with the goal of adding a fourth deposit. Though all three of our deposits discovered to date, the Aguila open pit, El Aire vein system and Arista vein system, have potential to expand with additional drilling we are very excited to test new areas of interest on the project."
Mr. Reid stated, "During the capital intensive period of building the mill we chose to go with one drill rig. We are now comfortable bringing in the second rig to accelerate our exploration. We will focus drilling on our new Aguila Project targets and are considering El Rey and Las Margaritas Projects this year for potential drill programs as well."
About GRC:
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 48,050,284 shares outstanding and no warrants. For more information, please visit GRC's website, located at http://www.Goldresourcecorp.com/ and read the Company's 10-K for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the Securities and Exchange Commission
Contact:
Jason Reid
VP / Corporate Development
303-320-7708
GDMN - make that $9.24. Sure would be nice to get a solid update and explanation from those guys.
The real way to pick gold stocks LOL
http://www.thestreet.com/video/10684609/top-2010-gold-stocks.html?puc=_tscrss&s=1#67499589001
Anyone ever taken a serious look at Silver Dragon SDRG.OB?
Ya I don't want to touch anything to do with Venezuela if I don't have to. That is a very small market cap for their projections though, assuming their cash costs aren't through the roof.
High risk/potentially high reward I guess.
What are you buying right here, right now, and why do you think that is a good trade?
It seems many of the miners here have pulled back from their highs of a month or two ago, but how much further may they go down?
I'm not, nor have I sold anything recently and I don't plan to either, but is this a good buy point?
Make your case...
Robert Martinez Joins Timberline Board of Directors
COEUR D'ALENE, Idaho, Jan. 26, 2010 (GLOBE NEWSWIRE) -- Timberline Resources Corporation (NYSE Amex:TLR) ("Timberline") is pleased to announce that Robert Martinez has joined its Board of Directors, effective January 22, 2010. Mr. Martinez has over 35 years of experience in the mining and exploration industry, including sixteen years in senior management positions at NYSE-listed Coeur d'Alene Mines Corporation.
Paul Dircksen, Timberline's Executive Chairman, commented, "Bob Martinez brings a broad range of development and production experience and an extensive knowledge of global mining and milling operations to our Board. We look forward to Bob's guidance and input as we advance our Butte Highlands Gold Project toward production and as we evaluate other similar opportunities."
Mr. Martinez has served on the Board of Directors of Metallica Resources Inc. and Zacoro Metals and has been self-employed as an operations and management consultant for the last 5 years. Previously, Mr. Martinez was the President and Chief Operating Officer of Coeur d'Alene Mines where he was responsible for global operations in North and South America, Australia, and New Zealand. Prior to that, he served as General Manager at two mines in Nevada and Mill Foreman and Metallurgical Engineer for Phelps-Dodge and AMAX. Mr. Martinez holds a Bachelor of Science degree in metallurgical engineering from the University of Arizona and has participated in executive management programs at Western New Mexico University and the Tuck School at Dartmouth College.
More company information and updated photos from the Butte Highlands Gold Project may be viewed on the Timberline web site at www.timberline-resources.com.
Timberline Resources Corporation is a diversified gold company comprised of three complementary business units: an underground mine with upcoming gold production, exploration, and drilling services. Its unique, vertically-integrated business model provides investors exposure to gold production, the "blue sky" potential of exploration, and the "picks and shovels" aspect of the mining industry. Timberline has contract core drilling subsidiaries in the western United States and Mexico and an exploration division focused on district-scale gold projects with the potential for near-term, low-cost development. The Company has formed a 50/50 joint venture with Highland Mining, LLC, an affiliate of Small Mine Development, LLC, at its Butte Highlands Gold Project where development commenced in 2009. Timberline is listed on the NYSE Amex and trades under the symbol "TLR".
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties, including but not limited to the Company's 50/50 joint venture with Highland Mining LLC, the development and production of the Company's Butte Highlands project, and the Company's expected operations. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "intend" and "expect" and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Annual Report on Form 10-K for the year ended September 30, 2009. Except as required by Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.
Contact:
Timberline Resources CorporationRandal Hardy, CEO208.664.4859
Gold Resource Corporation El Aguila Mill Startup
DENVER, CO--(Marketwire - 01/25/10) - Gold Resource Corporation (GRC) (OTC.BB:GORO - News) (Frankfurt:GIH - News) is pleased to announce the Aguila mill initial flotation circuit is now mechanically operable. Low grade ore has been fed through the circuit on a start/stop basis at its El Aguila Project Mill, located in Oaxaca, Mexico.
William W. Reid, President of Gold Resource Corporation, stated, "We are proceeding to achieve the normal steps in any mill startup and we are pleased how it is progressing. The important milestone of having all the mechanical and electrical aspects operating has now been accomplished. The next step, which is currently underway, is balancing the flow through the plant. Once this step is behind us we then will be in the position to start generating concentrates followed by optimizing the plant production. We are zeroing in on production of our first concentrates."
About GRC:
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 48,050,284 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan," "target," "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the Securities and Exchange Commission.
Contact:
Contact:Jason ReidVP / Corporate Development303-320-7708
Gold Resource Corporation El Aguila Mill Startup
DENVER, CO--(Marketwire - 01/25/10) - Gold Resource Corporation (GRC) (OTC.BB:GORO - News) (Frankfurt:GIH - News) is pleased to announce the Aguila mill initial flotation circuit is now mechanically operable. Low grade ore has been fed through the circuit on a start/stop basis at its El Aguila Project Mill, located in Oaxaca, Mexico.
William W. Reid, President of Gold Resource Corporation, stated, "We are proceeding to achieve the normal steps in any mill startup and we are pleased how it is progressing. The important milestone of having all the mechanical and electrical aspects operating has now been accomplished. The next step, which is currently underway, is balancing the flow through the plant. Once this step is behind us we then will be in the position to start generating concentrates followed by optimizing the plant production. We are zeroing in on production of our first concentrates."
About GRC:
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 48,050,284 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan," "target," "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the Securities and Exchange Commission.
Contact:
Contact:Jason ReidVP / Corporate Development303-320-7708
Yikes! Back to under $10... Should be a good support level though?
New constuction update: http://www.goldresourcecorp.com/presentation/progress/player.html
Aha good point, thanks. La Negra is already producing silver and copper, but their shafter mine will require more financing and permitting. One to watch to see how they get it done at least.
Anybody here following/have views on Aurcana AUN.V?
GDMN -
Any speculation as to when this IPO will finally take place? Or number of shares, or what price? It's now been almost 3 months since the registration statement.
I've been waiting and watching this one, and it sure would be nice to know those terms first.
$10.50!
New all-time high!
Not the PR I was looking for after that other flash, but relevant nonetheless...
Alexco Identifies 20 Meter Wide Mineralized Structural Zone at Bermingham, Keno Hill Silver District, Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 12/15/09) - Alexco Resource Corp. (TSX:AXR - News)(AMEX:AXU - News) ("Alexco" or the "Company") is pleased to announce additional results from its 2009 exploration core drilling program at the Keno Hill Project, Yukon. In addition to the largely successful 2009 exploration program targeting expansion and/or extension of known high grade silver mineralization related to historic mines, a regional exploration program was undertaken to identify new structural targets with potential to host significant silver deposits. This effort was initiated in the area of the historical Bermingham mine, located approximately 1.5 kilometers southwest of the historical Hector Calumet mine.
At Bermingham, two drill holes intersected a structural zone up to 20 meters wide containing extensive quartz veining with local siderite and associated galena and sphalerite. Intercepts include the following:
- DDH K09-220 cut an interval grading: 783 grams per tonne silver (22.8 ounces per ton), 2.7% lead and 4.2% zinc over 2.87 meters from 248.86 to 251.73 meters within a 16.01 meter interval grading 174 grams per tonne silver (5.1 ounces per ton), 0.7% lead and 1.2% zinc from 241.22 to 257.23 meters.
- DDH K09-219 cut an interval grading: 539 grams per tonne silver (15.7 ounces per ton), 0.6% lead and 0.4% zinc over 2.56 meters from 220.76 to 223.32 meters within a 12.83 meter interval grading 187 grams per tonne silver (5.5 ounces per ton), 0.3% lead and 0.6% zinc from 210.49 to 223.32 meters.
Both holes were drilled from the same location testing the structure at varying depths. K09-220, the deeper hole, intersected the zone approximately 40 meters below K09-219 where mineralization remains open along strike and down dip. The northeast-trending hosting structure is on strike and is assumed to be the same structure which, at least in part, hosts the historic Hector Calumet mine located approximately 1.5 kilometers to the northeast. Hector Calumet, the largest historical mine in the district, produced approximately 96 million ounces of silver with an average grade of approximately 35 ounces silver per ton over a +20 year mine life. The Bermingham mine itself produced in excess of 3.5 million ounces, from minor underground workings and a small open pit in an area of limited past exploration. The Hector Calumet and Bermingham mines, and the area of current drilling, are all located on a common pre-mineral fault zone which has been subsequently reactivated and mineralized. In addition, each of these areas is characterized by similar structural and stratigraphic features considered consistent with other major silver deposits in the district. Based on the favorable geologic setting and encouraging 2009 assay intercepts, the Bermingham mine area will be a focus of further exploration by Alexco in 2010 along with the Lucky Queen and Silver King mine areas.
Results of all of the 2009 Keno Hill drill hole results are now available on the Alexco Resource Corp. website at www.alexcoresource.com. Results include the underground drill intercepts from the Bellekeno Southwest Zone drilling completed last July and the surface drilling on the Bellekeno hangingwall targets, the Runer prospect and the Coral Wigwam prospect, also completed last summer. Plans and sections for the areas drilled showing locations of the completed drill holes are also available for review.
Notes
True widths have not been determined for all the above reported drill intercepts but are believed to be representative of actual drill thicknesses.
The 2009 exploration drill program and sampling protocol has been reviewed, verified and compiled by Alexco's geologic staff under the oversight of Stan Dodd, Vice President, Exploration for Alexco and a Qualified Person as defined by National Instrument 43-101. A rigorous quality control and quality assurance protocol is used on the project, including blank, duplicate and standard reference samples in each batch of 20 samples that were delivered to the lab. All drill core samples were shipped to Eco Tech Laboratory at Whitehorse, YT for preparation with fire assay and multi-element ICP analyses done at Eco Tech Laboratory's facility at Kamloops, BC.
Keno Hill Silver District History
Between 1921 and 1988, the Keno Hill Silver District produced more than 217 million ounces of silver with average grades of 40.5 ounces per ton silver, 5.6% lead and 3.1% zinc (Yukon Government's Minfile database). The historical production grades would rank Keno Hill in the top 3% by grade of today's global silver producers. The Keno Hill district is the second-largest historical silver producer in Canada.
About Alexco
Alexco's business is to unlock value and manage risk at mature, closed or abandoned mine sites through integration and implementation of the Company's core competencies which include management of environmental services, execution of mine reclamation and closure operations and if appropriate, rejuvenation of exploration and development of new mining opportunities.
Some statements in this news release contain forward-looking information concerning the Corporation's anticipated results and developments in the Corporation's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future, made as of the date of this press release. Forward-looking statements may include, but are not limited to, statements with respect to future remediation and reclamation activities, future mineral exploration, the estimation of mineral reserves and mineral resources, the realization of mineral reserve and mineral resource estimates, the timing of activities and the amount of estimated revenues and expenses, the success of exploration activities, permitting time lines, requirements for additional capital and sources and uses of funds. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of exploration activities; actual results of remediation and reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver and other commodities; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development activities.
Contact:
Contacts:Alexco Resource Corp.Clynton R. NaumanPresident and Chief Executive Officer604-633-4888604-633-4887 (FAX)info@alexcoresource.comwww.alexcoresource.com