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May 31, 2008
Further Property Acquisitions in Saskatchewan
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Vancouver, British Columbia,May 31, 2008, Cloudbreak Resources Ltd. (CDB: TSX.V, C6K: Frankfurt; CUDBF: Pinksheets)
Cloudbreak Resources is pleased to announce it has submitted an additional 2 coal permit applications to the Government of Saskatchewan’s Energy Resources Permitting Office. This application encompasses 18,432 hectares (approximately 45,546 acres) in east-central Saskatchewan. These properties are in addition to the 2 properties announced on May 15, 2008.
This area is currently being drilled by Goldsource Mines Inc. and North American Gem Inc. Goldsource announced “most of the coal from the 2 intercepts is ranked as High Volatile Bituminous C and Sub-Bituminous A and is believed to be from the Mannville/Swan River Group of Cretaceous age”. The samples from North American Gem graded “Sub-Bituminous A quality”. Coal structures of the Cretaceous age are reported to be generally very large and can encompass several thousand square kilometers.
The Company is in the process of assessing other acquisitions in the area, and plans to make further applications in the near future. Cloudbreak management plans to make the company a large land holder and player in this exciting new discovery area.
May 15, 2008
Property Acquisition
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Vancouver, British Columbia,May 15, 2008, Cloudbreak Resources Ltd. (CDB: TSX.V, C6K: Frankfurt; CUDBF: Pinksheets)
Cloudbreak Resources has submitted coal permit applications to the government of Saskatchewan's Energy Resources Permitting Office. The application encompasses 18,432 hectares (approximately 45,546 acres) in east-central Saskatchewan in proximity to the recent Goldsource Mines Inc. discovery.
The recent announcement of the discovery by Goldsource of coal in two drill holes, 1,600 metres apart, suggests the potential for a much larger coal system. Goldsource reports it believes the coal it encountered is from the Mannville/Swan River group of Cretaceous age. Coal structures of the Cretaceous age are reported to be generally very large and can encompass several thousand square kilometers.
Cloudbreak is also in the process of aggressively staking further claims in this area in Saskatchewan.
That chart is just blind luck. They were drilling for diamonds and they found coal.
GXS
So, the rumour I heard was there was more analyst coverage coming. Somebody on Stockhouse posted that there was an analyst calling for $10.00 a share.
Red should go fishing more often.
Running now.
GMP very active this morning.
GRUB
Where's the promo ?
I think I need a visual.
AOT
AOS
I was out mtn biking on Thursday night and saw a coyote, big one, running fast through the ravine near my place.
Bo Diddley. RIP
I walked 47 miles of barbed wire,
Used a cobra snake for a neck tie.
Got a brand new house on the roadside,
Made out of rattlesnake hide.
I got a brand new chimney made on top,
Made out of human skulls.
Now come on darling let's take a little walk, tell me,
Who do you love,
Who do you love, Who do you love, Who do you love.
Time for another one of those posts.
Help Wanted - Bulgarian Accountant...
You are a great contrary indicator. Bottom must be in.
A Chinese foray into the Canadian potash market would really make things interesting.
Interesting reference to China thrown into the latest news release.
Potash One appoints Berg as chairman of the board
2008-05-16 10:29 MT - News Release
Mr. Paul Matysek reports
POTASH ONE REPORTS APPOINTMENT OF CHAIRMAN OF THE BOARD
Potash One Inc. has appointed David Berg as chairman of the board of the company. As an existing member of the board of Potash One, Mr. Berg has shown strong leadership in developing the company's marketing and investor network in China and other international markets. He has fostered a number of key relationships, which have the potential of providing the company with the ability to expedite the development of the Legacy project, and to secure future marketing contracts.
Paul F. Matysek, president and chief executive officer of Potash One, stated: "I am pleased with the unanimous decision of our board to appoint David to the position of chairman. He has a solid business and management background. His professional and team-oriented approach, coupled with his strategic thinking, will certainly help fast-track our corporate mandate to move from development to production in an expeditious manner. The board and my management team look forward to working closely with Dave, as we collectively focus on securing a dominant position in Canada's largest potash-producing, solution mining region."
Mr. Berg has spent over 28 years of consecutive service with one of Canada's largest publicly traded companies, Loblaw's Group of Companies Ltd. His most recent responsibility was serving in the capacity of vice-president of operations for a business unit in Western Canada, representing $1.5-billion in annual revenue, with a total of 8,500 employees. Mr. Berg brings a wealth of financial services and energy business acumen to the board.
That is good news.
Wasn't much trading going on anyway.
CDB
Euromax JV expands exploration at Trun
2008-05-12 07:54 MT - News Release
Also News Release (C-TCK) Teck Cominco Ltd
Mr. John Menzies of Euromax reports
TRUN GOLD EXPLORATION PROGRAM TO BE EXPANDED
Euromax Resources Ltd.'s first phase of the 2008 program at the Trun intrusive-related gold prospect in western Bulgaria has been completed and a follow-up program commenced.
The program, jointly designed with partner Teck Cominco Ltd. which holds the project under option, has been executed with the completion of 2,765 metres in 19 drill holes. Assay results from the diamond drilling program are pending.
A review of continuing activities (drilling, prospecting, soil and trench sampling) at both Big Hill and Little Hill has outlined additional targets. A follow-up program to be completed in the second half of 2008 includes:
Additional soil geochemistry to close significant gold-in-soil anomalies at Little Hill;
An additional 1,500 metres of diamond drill testing of targets at both Big Hill and Little Hill;
Metallurgical testwork.
The drilling component of the program has commenced.
Qualified person, John Menzies, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.
El Nino to begin diamond drilling at DRC project
2008-05-13 06:24 MT - News Release
Mr. Jean Luc Roy reports
EL NINO VENTURES DRC EXPLORATION PROGRAM UPDATE
El Nino Ventures Inc. has provided an update on the continuing exploration program that commenced on April 14, 2008.
Since commencing reverse circulation (RC) drilling operations on PR5217 on April 14, 2008, El Nino Ventures has completed 11 RC holes totalling 925 metres over an area of prospective rock formation of the Mines Group. This area was previously tested during El Nino Ventures' 2007 RC drilling campaign -- one of the four holes drilled in this area during the 2007 program (ANCU-001) intercepted 10 metres of 3.51 per cent copper. The 2008 campaign is continuing with holes that had been planned before heavy rains forced an early end to the 2007 program. An additional seven RC holes are planned for this area.
The RC drill will next move to the western central area of PR5217 where regional soil sampling completed during the rainy season has identified a 2.5-kilometre-long copper anomaly along an east-west-trending fault identified by regional mapping. A minimum of eight RC drill holes are planned to test this soil anomaly and structural corridor to depths of approximately 100 m. Several diamond drill holes are also planned to assess this structure at depth. The diamond drilling program is planned to start this week, when a diamond drill rig from Boart-Longyear mobilized to PR5217.
Other near-term activities part of the program, include a 133 line km ground magnetometer geophysical survey in the southeastern corner of PR5215 to aid in tracing numerous crosscutting structures identified from interpretation of the 2007 Heli-Mag geophysical survey that El Nino Ventures had flown over four of the company's permits. Upon completion of the ground magnetic survey and interpretation of the results of this program, it is planned to drill test several targets in this complex structural area which hosts prospective Roan supergroup strata.
An auger drill program will be undertaken on PR5214 to obtain soil samples under marshy grounds which cover areas mapped as Roan strata. The auger drill will be used to collect soil samples from 12 to 15 metres depth, below the alluvial soils which might otherwise mask the geochemical signature of any metal deposits under these marshes.
Regional soil sampling on PR2461 will start on Saturday, May 3, and is expected to take approximately seven to 10 days to complete.
El Nino's DRC exploration manager, Allan Lines, states that: "It is a busy and exciting time for us. We are once again drilling with Titan who is doing a fantastic job for us on the RC. Our diamond drill from Boart-Longyear will be on site early next week and we will start testing known mineralized structures at depth. Our multidisciplinary approach is continuing to generate new targets for us -- the soil geochem and our airborne geophysics have identified a number of new areas that we plan to test with the RC drill this year."
The company also has received about 75 per cent of the outstanding drill results from its 2007 drill campaign. Results from 44 shallow reverse circulation holes show some mineralization up to 13,750 parts per million Cu and 3,960 ppm Co over narrow intervals. These holes totalled 2,320 metres of drilling.
These results are west of the 2.5-kilometre anomaly identified by the soil geochemical survey and the airborne geophysical survey.
Jean Luc Roy, president and chief executive officer, states: "The 2008 drill program is well under way and the company is looking to expand on the results it published to date and also to test drill several significant areas which have yet to be tested. The interpretation work done by our technical team gives us a much more focused approach for the 2008 program. Work done in 2007 has identified a high-grade copper zone and we will look to expand that zone in the next few months. We are also very encouraged by the results from our geochemical soil sampling campaign carried out during the rainy season. The company has purchased a prep laboratory facility and we hope that this will cut down the turnaround time in getting results."
Benoit Violette, PGeo, is the qualified person and has reviewed the contents of this press release.
We seek Safe Harbor.
Selling pot ?
Why don't you start your own pot company and make yourself some deals ?
Bring on the $1000.00/ton contracts.
I see Lehman Brothers were buying the jr pots today. Onwards and upward.
Don't get me started
I'm seeing a sweet double bottom
La Quinta finalizes JV deal to explore for gold in DRC
2008-04-23 11:58 MT - News Release
Mr. Malcolm Swallow reports
LA QUINTA SIGNS FINAL AGREEMENTS FOR THE ACQUISITION OF 7,010 SQ KM IN MANIEMA SOUTH KIVU GOLD BELT-DRC
La Quinta Resources Corp., together with its partner in the Democratic Republic of Congo, Wa Balengela Kasai Investments Congo SPRL (WBK), has signed formal agreements completing the formation of a joint venture company which will option and explore a contiguous group of 32 exploration licences, or permis de recherche, granted to WBK by the Cadastre Minier under the mining code of the Democratic Republic of Congo. The research permits or exploration licences are located in Maniema and South Kivu provinces in southeastern DRC abutting and covering all the ground between Banro Corp.'s Lugushwa and Namoya gold properties. The WBK licences cover about 7,010 square kilometres of the highly prospective Twangiza-Namoya gold belt and extends about 120 kilometres to the west. Banro has indicated the discovery of multimillion-ounce deposits of gold on both Lugushwa and Namoya.
Malcolm Swallow, La Quinta's chairman, said: "Both we and WBK are delighted to have finally completed this transaction and we both look forward to working together to commence exploration on such a highly prospective piece of ground in a known gold belt, abutting and between recently discovered major gold deposits. The issuance of the signed exploration permits to WBK on March 10, 2008, by the Congolese government removes any uncertainty as to title and we look forward to working with our partners Wa Balengela Kasai to outline and discover new gold projects in this highly prospective gold belt."
This transaction was originally contemplated in an MOU signed between the parties in August, 2006 (see press release in Stockwatch dated Aug. 28, 2006), and has been delayed pending completion of formal agreements and the receipt by WBK of the signed permis de recherche for the 32 exploration licences which were finally received by WBK on March 10, 2008, signed by the DRC government. The option and joint venture agreement was conditionally approved by the TSX Venture Exchange for filing in October, 2007, and the signed agreements have now been submitted to the TSX-V for final acceptance.
The formal agreements give La Quinta the option to earn up to 80 per cent in the joint venture company with WBK by financing $10-million (U.S.) in exploration expenditure over five years, with a minimum expenditure of $2-million per year. Upon completion of a feasibility study within the five-year period, the joint venture will be entitled to develop the properties within the 7,010-square-kilometre exploration licence areas by converting them to an exploitation licence or licences, in accordance with the mining code of the Democratic Republic of Congo.
Upon the commencement of the joint venture, La Quinta will hold a 10-per-cent interest in the joint venture company and WBK will hold 90 per cent, and La Quinta shall have the right to increase its interest in the joint venture company to an 80-per-cent interest by making payments to WBK totalling $1.5-million (U.S.) and issuing eight million shares of La Quinta over the first three years of the agreement. Upon completion of all share issuances and cash payments, La Quinta will be vested with an 80-per-cent interest and WBK with a 20-per-cent interest in the joint venture company.
During the exploration period, ownership of the concessions shall remain vested with WBK and will be transferred to the joint venture company on completion of the feasibility study as contemplated in the formal documentation. WBK shall be responsible with assisting the joint venture company with government relations, local liaison and local management, and expediting of the projects in the DRC.
On any gold production, the joint venture company shall pay WBK a net smelter return of 2.5 per cent. La Quinta has agreed to pay finders' or agents' fees in respect of the transaction in the amount of 550,000 shares payable by La Quinta in six instalments, over the first three years of the agreement, prorated and made at the same time as La Quinta is required to make share payments to WBK. There is an area of mutual interest (AMI) established stretching 20 kilometres from the outside borders of any of the rights held in the joint venture company. The parties have also agreed that the joint venture company will establish operating, local relations and finance committees with representatives of each of the parties. As part of the agreement, LAQ will offer two representatives of WBK representation on the board of LAQ.
The WBK properties to be optioned and acquired by the joint venture company will form the primary focus of the company's exploration work in Congo. The company is currently working adjacent to the WBK licences on the Kampene gold project also in DRC (see press release in Stockwatch dated April 17, 2007). In addition, the company is working in Mexico on the Orofino gold project in Sonora state. The company has already established a considerable presence in the DRC, and has exploration staff and equipment ready to commence work immediately on the much larger Maniema-South Kivu area.
A map showing the location and extent of the exploration leases, and the overall area's relationship to the Twangiza-Namoya gold belt, plus certified copies of the relevant permis de recherche, can be found on the company's website.
Malcolm Swallow, the company's chairman and chief executive officer, and a qualified person, both in British Columbia, Canada, and in Europe, acted as the qualified person for this news release, being a signatory of the final agreements and also being responsible for the acquisition of this property.
The junior that has the property that can be advanced to production most quickly and with the least capital investment should be the best junior to buy. I think that junior is KCL.
Maybe a major who wants to get into the potash market will take them out. If that happens then I think we'll be rewarded big time.
I'll wait for a peak.
Got some 3.37 paper.
Are you manic depressive ? lol