added another gold mine today CGFIA mining sectors seem to be the best buys now, the green companys are haveing to much trouble getting off the ground
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the last RS that I went through went so bad that I should have just thro my shares in the trash if we can stop it lets do it. happy thanks giving
looks like it time to bite the bullet and get out thank you for the quick response
you keep writing about this RS but I have not come across it any where but from your statments, can you please send me some sites stating it.
for as new as this stock is I felt that it was high compared to one that has been around longer and has more open interest, you are probly right some food for thought. thank you.
Mark Lopez, chief executive officer of Unico, Inc., stated, “As we prepare to initiate processing operations at the mill and processing facility at the Deer Trail Mine, we will concurrently work to explore and develop additional sources beneficial to the facility. These sources are expected to include underground mining activities associated with the Deer Trail Mine, as well as other potential targets from the additional claims in the area, which include the Clyde and Crown Point mines.
bounce, bounce, bounce.
lets keep the buying I wish I knew what was causing the buying when good results where released it went down I haven't found much in the way of news or pr to drive it up but I like what I see.
short squize is high, SPKL $ 1.39
Spicy Pickle Franchising Inc. 0.03
Shares Short 249,800
Days to Cover (Short Ratio) 0.2
Short % of Float 1.71 %
Shares Short - Prior 91,300
Short % Increase / Decrease 173.60 %
Squeeze RankingTM
% from 52-Wk HIGH ( 2.02 ) -45.32 %
% from 52-Wk LOW ( 0.48 ) 65.47 %
% from 200-Day MA ( 0.55 ) 60.43 %
% from 50-Day MA ( 1.11 )
20.14 %
Price % Change (52-Wk) %
Trading Volume - Today 99,762
Trading Volume - Average 1,003,400
Trading Volume Vs. Avg. 9.94 %
Total Shares - Float 14,630,000
Total Shares - Outstanding 45,349,235
% Held by Insiders %
% Held by Institutions %
Market Cap 63,035,437
EPS -0.05
PE Ratio
Sector: Services
Industry: Specialty Eateries
SI Record Date 2007-NovA
Information Provided Without Warranty
Gold shares will have its day, just as every dog has its day. When gold shares are ready to run, even serious problems won't depress it." Go AURC
In the immortal words of Yogi Berra, its ‘déjà vu all over again' for copper! Copper producers and investors - even those with the typically short memories of many investors - may remember that almost exactly a year ago, copper prices took an almighty plunge. That time the fall took copper back to below $2.50 a pound by February this year - and the main cause -a big rundown in metal purchases from China. Those who can remember as far back as those early months of this year, may even recall an equally spectacular metal price recovery which had the copper price moving up around 50 percent between then and May.
WallSt.net Announces Upcoming Interview With CEO of Silverado
Green Fuel Inc.
NEW YORK, Nov. 19 /PRNewswire/ -- Garry Anselmo, Chief Executive Officer of Silverado Green Fuel Inc., a wholly owned subsidiary of Silverado Gold Mines Ltd. (OTC Bulletin Board: SLGLF) (www.silverado.com) will be featured in an exclusive interview with www.wallst.net scheduled for November 19 at 1 p.m. EST. The interview will be posted on www.wallst.net by 8 p.m. EST on November 19.
The interview will cover topics including Silverado Green Fuel's market potential, growth initiatives, competitive edge, recent news, and milestones for which investors should watch
The increase in the mineral prices not only focuses more attention on the sector, but also causes even more money to be spent on exploration thereby increasing the probability of finding new deposits. It also increases the value of any potential discovery through leverage. Mineral deposits are gauged by the net present value of future cash flow should the deposit be mined. Say for example we find a million ounce deposit of gold and an engineering study suggests it could be mined over ten years at a cost of $250 an ounce, including capital. Let's assume gold is at $350 an ounce. At a 10% discount rate that deposit would be worth roughly $70 million. However if the gold price were to increase to $400 an ounce (a 15% increase) the value of the same gold deposit increases to $100 million (almost 50%). That is over 300% leverage to the gold price (50/15). Imagine what a gold price at $600 or $1000 an ounce would do!!!
Aurelio Intercepts 165 feet Averaging 2.30% Zinc and 18.25 ppm Silver
At Hill Copper-Zinc Project, Arizona
LITTLETON, COLORADO, November 16, 2007 News Release #07-23
Aurelio Resource Corporation (OTCBB : AULO, Frankfurt : F3RA) is pleased to announce further results from recent infill drilling in the MAN Area of the Company's wholly-owned Hill Copper-Zinc Project, located in the Turquoise Mining District, Cochise County, Arizona.
The grades in drill hole BR07-27 are significantly higher than the average grades reported in the CAM mineralized material inventory (see Aurelio's October 30, 2007 news release). The latest results, shown in Table 1, exceed the grades reported from surrounding holes drilled in the late 1980s by Santa Fe Pacific Mining, Inc.
Table 1
Additional Drilling Results, Hill Copper-Zinc Project (MAN Area)
Drill Hole
From
To
Interval
Zinc
Copper
Silver
Comments
BR07-27
300 ft
465 ft
165 ft
2.30%
0.09%
18.25 ppm
Sulfides
including:
305 ft
375 ft
70 ft
3.84%
0.12%
28.71 ppm
also:
130 ft
295 ft
165 ft
0.02 %
0.47%
2.96 ppm
Chalcocite blanket
Hole BR07-27 bottomed in ore-grade mineralization, with the final five-foot assay interval (460 to 465 feet [ft]) averaging 0.88% zinc and 3.4 parts-per-million (ppm) silver.
Aurelio's geologists regard this drill hole as typical of the geology of the MAN Area deposit, with a well-defined chalcocite blanket overlying a higher-grade sulfide ore zone.
Drill hole BR07-27 intercepted an area of the deposit with both significantly higher zinc and silver grades in the underlying sulfide (carbonate replacement) zone, as well as a much thicker and higher-grade chalcocite zone nearer the surface.
The MAN Area mineralized zone remains open along strike and at depth.
Gold assay results for drill hole BR07-27 are pending.
Drilling is continuing in a previously unexplored area between the South Courtland and MAN areas of the Project where strong alteration and turquoise veining has been observed at the surface.
Silverado Welcomes Terry Bramhall to its Investor Relations Team
Terry has been involved in the markets for 38 years, and has been associated with Silverado, as a Consultant, since 1995. He is now joining the company.
Terry brings extensive Investor Relations experience in raising capital for junior companies, including NPN Investments, Brigadier Gold (BRG-TSX-V), and many others.
Executive Appointment: Irma Bernadette Mungal, Vice President, Administration, Silverado Gold Mines Ltd.
In other news, Silverado announces the appointment of Irma Bernadette Mungal to the post of Vice President, Administration. Ms. Mungal brings extensive international banking, risk management, human resources and 'hands-on' operations experience, and represents a dynamic addition to Silverado's Management Team. Her experience and expertise will provide Silverado with a strong operational infrastructure base.
Silverado Invests Over $1 Million To Carry Out Year Round, Underground High Grade Antimony and Gold Exploration
(November 19, 2007), Vancouver, Canada. Silverado Gold Mines Ltd. (Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL, BERLIN - SLGL): - Silverado Gold Mines has received its Permit from the Bureau of Land Management, including all prerequisite permitting, to carry out underground exploration. The company intends to commence exploration immediately at the first of two large areas of significant discovery on its Nolan Creek Property.
Silverado's Nolan Creek property includes the Pingle Bench Area and Workman's Bench Area [ Click Here ]
Pingle Bench consists of a series of sub parallel veins containing gold grades up to 5.22 tr. oz/ton, or 179 g/t and antimony grades ranging up to 64.76% with quartz. Pingle Bench represents an area 500 ft wide by 700 ft long, and is part of the five mile long Solomon Shear Zone. Veins are up to one foot in width, predominantly massive stibnite (antimony sulphide, a high grade antimony mineral). Antimony is used as a fire and flame retardant, among other applications, and has a market value of $3/lb. [ Click Here ]
Preceding the decision for underground exploration at Pingle Bench, while awaiting laboratory assays, Silverado's diamond core drilling operations were shifted to an adjacent promising area, Workman's Bench [ Click Here ]. Workman's Bench was found to contain an 80 ft wide zone of mineralization. Seven drill holes confirmed that Workman's Bench contained an extension of the notable Solomon Shear, south of Pingle Bench. Although no assays from the drilling core have yet been received, visual observation of the core has identified the presence of many sub-parallel zones of gold, antimony, and quartz. Veins up to one foot in width exist throughout the 80 foot wide zone. The area was determined to be more amenable to underground work than was Pingle Bench.
Silverado's Strategic Exploration Program's first priority is to drive a tunnel sub-parallel and below the identified 80 foot wide newly discovered (7 drill holes) mineralized zone. The tunnel is planned first to intersect a known placer channel where Silverado has previously extracted gold nuggets up to 5 oz apiece. The tunnel would then carry on to intersect the 80 foot wide newly discovered Workman's Bench mineralized zone which will be further explored. Though assays are still pending from the drilling of this new zone, geologists have visually identified numerous veins of solid stibnite.
In order to carry out a year round exploration program, Silverado is purchasing a customized, state of the art front end loader, valued at approximately $1 million. The loader meets all U.S. government specifications for underground mining, and is considered key for worker safety and effective exploration. This highly specialized equipment will allow Silverado to continue its program to be an independent and self-sufficient mining exploration company, and will add to Silverado's diamond drilling and rolling stock inventory of equipment, maintenance and repairs facilities, and on-site gold processing and operations buildings.
Silverado Gold Mines Ltd. 2007 Exploration Program at Nolan Creek was and will continue to be supervised by Dr. Karsten Eden, the company's Vice President Exploration, and a qualified person under NI 43-101 regulations and requirements. Tom K. Bundtzen, a qualified person as set out in NI 43-101, is currently preparing his annual independent work evaluation report.
its about time now I need to try and find out why. looks good tho
this is mostly copper and a exploritory company so highs in gold have little to do here. there gold mine is not much as far as I know. This is one that I am not to happy with right now.
Russia’s gold and foreign currency reserves stood at $455.2 billion as of November 9, up $7.3 billion or 1.6 percent from $447.9 billion a week before, the Central Bank of Russia has reported.
From October 5 to November 2, the reserves went up by $23.1 billion. In the last five weeks, from October 5 to November 9, they increased by $30.4 billion, or 7.1 percent.
The significant rise in such a short time could be due to the Central Bank’s increased acquisition of foreign currency on Russia’s forex market, bringing the reserves to their highest level ever recorded.
As a result, Russia has slightly reduced its gap from China and Japan, which have the largest gold and foreign currency reserves in the world. China’s reserves top $1.434 trillion, up $101 billion in the third quarter of this year alone and a more than 45 percent increase from January to September 2007 compared with the same period a year ago. Japan has over $945 billion.
The draft guidelines of the state monetary and credit policy for 2008, published by the Central Bank of Russia, say that the gold and foreign currency reserves will increase by $114.9 billion in 2007. In 2008 they are projected to rise by $37.9 billion to $68.4 billion, depending on Russia’s macroeconomic policy. In 2009 the reserves are expected to increase by between $8.6 billion and $46.3 billion. In 2010 they could drop by $4.5 billion or rise by $5.6 billion and $20.8 billion.
Meanwhile, from January 1 to November 2, Russia’s gold and foreign currency reserves increased by $144.2 billion, which is $29.3 billion more than the Central Bank had projected for the whole year.
Gold and foreign currency reserves are highly liquid financial assets controlled by the Central Bank and the Finance Ministry. They consist of monetary gold, special drawing rights, the reserve position in the International Monetary Fund, and foreign currency.
short squize shows only 100 shares short. its come down a lot
Good news for gold lets get milling!!
Nov. 15 (Bloomberg) -- Barrick Gold Corp., the world's largest gold producer, said supply will fall faster than expected as it gets harder to extract the precious metal from deeper and older mines.
``Global mine supply is going to fall at a much faster rate than people generally believe,'' Chief Executive Officer Greg Wilkins said today at a conference in London organized by RBC Capital Markets. ``Many of the mines that people are anticipating bringing into production will either not come into production or will be on a much longer timeframe.''
Gold mining companies are trying to boost output after bullion climbed to within 0.5 percent of a record last week. Strikes, stoppages and the difficulties of mining farther underground are hampering operations in South Africa, the world's largest producer. Demand is rising as consumption increases in China, India and the Middle East, RBC Capital Markets said yesterday.
Gold demand rose 19 percent in the third quarter, led by a sevenfold increase in investment in exchange-traded funds backed by bullion, the producer-funded World Gold Council said yesterday.
Gold for immediate delivery rose 1.2 percent to $802.93 an ounce as of 12:54 p.m. in London. Prices have gained 26 percent this year.
Mining production costs have increased so much that if prices were to fall, many mines may become unprofitable, Wilkins said.
``The cost structure of the industry has substantially changed and if we were to see a return to a $500 gold price, I think the industry will be in serious trouble,'' Wilkins said.
I was wondering if you could explain how to read a 10Q on your know your stock site or on here would be ok thank you in advance.
market pulse
Spicy Pickle Franchising, Inc. (OTCBB:SPKL): Attractive
You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated thirty thousand dollars from Spicy Pickle Franchising, Inc. In addition, MP has been compensated three hundred thousand restricted shares of Spicy Pickle Franchising, Inc. from the company. In 2006, MP acquired two hundred thousand shares of Spicy Pickle Franchising, Inc. directly from the company in a private offering for fifty thousand dollars. These shares were subsequently included in a registration statement filed by the company with the SEC. To date, MP has sold two hundred thousand shares of stock in Spicy Pickle Franchising, Inc. for proceeds totaling one hundred ninety thousand seven hundred dollars. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives free trading shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services.
Iam on the same page have not read any PM just my own personal research. The neg back biteing does get very old, so why share with those that have anything to add.
In responding to preliminary interest received from several major China energy corporations, Silverado Green Fuel Inc. is creating a "Silverado Asian Business Development Team". This team will have the specific mandate to explore opportunities relating to potential Asian joint ventures, strategic partnerships, and investment, and the possible creation of Silverado Green Fuel production facilities in China.
Silverado Green Fuel Inc. is in discussions, and close to an agreement, to engage an experienced North America - China business facilitation group to spearhead its Asian business interests, and report back to the Board regularly with the results of its discussions and exploratory meetings with identified major and multinational China - based corporations.
China is the world's largest coal producer and consumer. In 2005, the country's output reached 2.1 billion tons, representing 40% of the world's total production. China has increased its coal production in the last 10 years by 959 million tons, almost equivalent to the world's collective growth.
Coal represents 90% of China's primary energy deposits. Experts predict that coal will represent 50% to 70% of China's primary energy consumption in the coming 30-50 years. China's total coal reserve is more than 1,000 billion tons. Over a four year period, ending in 2002, domestic and foreign investment worth 5.7 billion RMB ($ 769 million U.S.) was injected into the coal sector.
With increased domestic and foreign investment materializing in China's energy sector, economic growth outpacing virtually all global trends, an insatiable appetite for energy, and the need to deal with the country's serious environmental issues, China's major coal, oil and energy companies, are turning towards global technologies to help meet China's needs.
Silverado Green Fuel can respond to enhancing China's domestic energy output, utilize China's abundant coal reserves, and produce fuel without releasing any greenhouse gases, heavy metals or toxic substances into the atmosphere.
mine web has spot for SLGLF, http://www.mineweb.com/mineweb/view/mineweb/en/page19565?oid=22415&sn=Detail
not a paying member, you ask for no. of shares i will jut give you a round no. 100,000+
Take this and ask about one voice.
https://www.msnfeedback.com/perseus/surveys/961278308/163c66cf.htm
Gold out of the box as price rise accelerates
The gold price rise accelerated yet again yesterday and at this rate even the forecast of $950 gold by the year end could be an underestimate.
Author: Lawrence Williams
Posted: Wednesday , 07 Nov 2007
LONDON -
A whole batch of positive news for gold sent the yellow metal soaring again yesterday and overnight with $850 in sight possibly today and well over $900 by the year end unless something external happens to halt the rise.
Key yet again in the rise of the metal has been the dollar decline - which correspondent Alf Field described as being in a death spiral in his recent article published on Mineweb last week. (See Gold market move reaches point of recognition) Field also made the point that the recent gold price runup, which started in mid August, has at last really made the market realise that the metal price is in a major bull phase which should last at least through the end of the year.
Writing here a couple of days earlier, I noted - perhaps slightly tongue in cheek at the time - that if the current rate of gold price increase continues we could well see $950 gold by the year end (At the current rate of increase gold will be at $950 by year-end). On the latest gold price movement patterns this could well prove to be an underestimate.
One of the key triggers in the gold price move could be a report by Bloomberg's newswire service today that China is considering moving some of its huge $1.43 trillion of foreign-exchange reserves into stronger currencies, and even the rumour of this occurring will likely put the US dollar into a further period of freefall, with the gold price benefiting accordingly in its role as an inverse dollar valuer.
The Bloomberg report was based on a statement by Cheng Siwei, vice chairman of China's National People's Congress in a speech at a conference in Beijing.
So where are we going now. Talk of $1,000 gold this year, or even next, was seen as the extreme end of the prediction business only a few months ago, but now it looks as though it could really happen. So-called expert analysts, with big salaries supposedly justified by their skills in predicting market movements, are being confounded and the gold bugs will be chortling with glee at the analysts' discomfort.
But there have to be some words of caution over the unravelling gold price scenario. The dollar downward spiral raises all kinds of warning flags over the state of the US economy and the economies of its major trading partners. It is only a matter of time before some of these take concerted action to try and slow or reverse the dollar decline as their exports to the US become priced out of the market. Even temporary reversals in the dollar fall will likely see a sharp downward impact in the gold price with perhaps profit taking on a big scale, so there could yet be setbacks in the gold price rising pattern.
But, with the US Fed seen as likely to shave another quarter point off interest rates, the overall dollar trend will remain downwards - and the gold trend upwards. Whether it can maintain the current rate of increase seems to be the only real point in doubt. That remains to be seen. Today's movement though suggests that gold really is out of the box with big price rises ahead.
I think the gold market is bi-polar. Or more accurately, I think investors are, by nature, at least somewhat bi-polar. Both technical and fundamental (notice the word "mental" in there?) evaluation of the factors driving gold leave any rational mind with the conclusion that gold must still appreciate in an expression of both its long-term suppression, and its robust supply and demand metrics.
I had assumed a study of gold's performance from 1975 onward might have revealed patterns that could be identified in the recent chart performance. This has simply not been the case. While the rise and fall of gold from the 70's to the 90's certainly had its own share of peaks and valleys, the curves are all different, and with one exception, bear little resemblance to the market now underway.
Market commentary is no more helpful in determining the future movement of gold, but does underscore the parallel between bi-polarism and market mentality. With increased volatility, the bears and bulls typically become more strident in their respective fomentations about bust and boom. Bull markets always generate a new crop of would-be prophets who all clamour for astronomical highs while pretending that has always been their position.
Given this mental dysfunctionality, rational investors should factor in this mania when deciding when to get in and out of markets so influenced. One day someone much smarter than me will create a piece of software that incorporates this. Until then, recognize that deep corrections are buying opportunities, and when there is no sane reason left for exuberant peaks, it's time to sell and maybe go short.
--------------------------------------------------------------------------------
Gold:
Alan Greenspan confessed to the gold price suppression scheme while he was chairman of the Federal Reserve. He gave his famous testimony to Congress on July 24, 1998: "Central banks stand ready to lease gold in increasing quantities should the price rise."
http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm
The European Central Bank confessed to the gold price suppression scheme when it entered the Washington Agreement on Gold on September 26, 1999. The bank's members acknowledged that they had gotten together to regulate the gold price through gold sales and leasing:
http://www.ecb.int/press/pr/date/1999/html/pr990926.en.html
Barrick Gold confessed to the gold price suppression scheme in U.S. District Court in New Orleans on February 28, 2003, when it filed a motion to dismiss Blanchard & Co.'s anti-trust lawsuit charging that Barrick was doing exactly what its motion admitted. The motion said that in borrowing gold from central banks and selling it, Barrick had become the agent of the central banks in the gold market, and, as the agent of the central banks, shared their sovereign immunity and thus could not be sued:
http://www.lemetropolecafe.com/img2003/memoformotiontodis.pdf
The Reserve Bank of Australia confessed to the gold price suppression scheme in its annual report for 2003. "Foreign currency reserve assets and gold," the RBA's report said, "are held primarily to support intervention in the foreign exchange market. In investing these assets, priority is therefore given to liquidity and security, in order to ensure that the assets are always available for their intended policy purposes."
http://www.rba.gov.au/PublicationsAndResearch/RBA
AnnualReports/2003/Pdf/operations_financial_markets.pdf
And now the Bank for International Settlements, the central bank of the central banks, has confessed to the gold price suppression scheme. The confession of the BIS came last June in a fairly candid speech by the head of the bank's monetary and economic department, William R. White, to central bankers and academics gathered at the BIS' fourth annual conference, held in Basel, Switzerland. The speech was provided to GATA this week.
White's speech was titled "Past and Future of Central Bank Cooperation" and he said in part:
Unico, Inc. Reports Progress of Equipment Startup Testing Including Upgrades to the Ball Mill at the Deer Trail Mill and Processing Facility
SAN DIEGO, CA -- (MARKET WIRE) -- 11/07/07 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today reported progress of the startup testing of equipment in the mill and processing facility at the Deer Trail Mine and replacement of the 200-horsepower synchronous motor for the ball mill.
Wiring for the ball mill in the main mill building was competed and startup testing of the ball mill was initiated.
A new WEG Electric ( http://www.wegelectric.com/ ) 250-horsepower motor has been purchased to replace the motor previously installed on the ball mill. The efficiency rating of the new motor is 94.7% compared to that of the old motor, which was rated at 79%, allowing the overall cost of operating the mill to be drastically reduced.
A new Mitsubishi variable frequency drive (VFD) was located and purchased to replace the General Electric synchronous motor controller. Installation of the new variable frequency drive will allow Deer Trail Mining Company's metallurgist Edgar Blanco to adjust the speed of the mill to help optimize the rate of which each ore can be ground. A dramatic power savings is expected by installing the variable frequency drive, as it adjusts the outgoing frequency and voltage during starting and stopping of the ball mill.
The Mitsubishi variable frequency drive is fully computer integrated, allowing all of the perimeters including horsepower, amperage and revolutions per minute to be monitored and adjusted at any given time from a centralized computer located in the mill control room.
Both the motor and variable frequency drive are being initially started up and programmed by Energy Management Corporation ( http://www.emcsolutions.com/ ) located in Salt Lake City.
"While the replacement of the synchronous motor for the ball mill was unanticipated before the startup testing was initiated, the improved performance and efficiency of the new motor and variable frequency drive are expected to provide long-term benefits for operations at the mill and processing facility at the Deer Trail Mine," stated Mark A. Lopez, chief executive officer of Unico, Inc. "We will continue to make whatever upgrades are necessary to maximize the potential of processing operations and improve the outlook for future revenue possibilities at the Deer Trail mill facility."
The power plant that sends the ele. may be run from oil or coal, higher energy cost affects all power users.
AURELIO INTERCEPTS 185 FT AVERAGING 1.67% Cu AT MAN AREA OF HILL COPPER-ZINC PROJECT, ARIZONA
LITTLETON, COLORADO, November 8, 2007 News Release #07-22
Aurelio Resource Corporation (OTCBB : AULO, Frankfurt : F3RA) is pleased to announce results from recent infill drilling in the MAN Area of the Company's wholly-owned Hill copper-zinc project, located in the Turquoise Mining District, Cochise County, Arizona. These results, shown in Table 1, confirm the prior drilling undertaken in the late 1980s by Santa Fe Pacific Mining, Inc. and continue to validate the company's discovery. The MAN Area mineralized zone remains open along strike and at depth.
Table 1
2007 Drilling Results, Hill Copper-Zinc Project (MAN Area)
Drill Hole
From
To
Length
Copper
Zinc
Silver
BR07-24
340 ft
525 ft
185 ft
1.67%
0.43%
9.0 ppm
Including:
435 ft
500 ft
65 ft
4.08%
0.10%
15.1 ppm
BR07-25
235 ft
410 ft
175 ft
1.45%
0.45%
1.8 ppm
Including:
290 ft
390 ft
100 ft
2.29%
0.11%
1.8 ppm
BR07-26
425 ft
515 ft
90 ft
1.12%
0.04%
4.8 ppm
Including:
455 ft
500 ft
45 ft
1.95%
0.06%
8.3 ppm
Also:
535 ft
560 ft
25 ft
3.05%
0.02%
5.0 ppm
Each of the above three drill holes encountered significant zones of zinc mineralization, either outside of or overlapping with the intervals of high-grade copper intervals reported above. These intervals are shown in Table 2 below.
Table 2
2007 Drilling Results, Hill Copper-Zinc Project (MAN Area)
Drill Hole
From
To
Length
Zinc
BR07-24
345 ft
435 ft
185 ft
0.80 %
BR07-25
385 ft
450 ft
65 ft
1.70 %
BR07-26
160 ft
195 ft
35 ft
0.62 %
Assay results are pending from two additional holes recently drilled in the MAN Area. In addition, gold assays for all of the above drill holes are pending.
Drilling has now shifted to an un-drilled stretch of connecting ground between the South Courtland and MAN areas of the Project where strong alteration and turquoise veining has been observed at the surface.
About The Company
Aurelio Resource Corporation is a mineral exploration and development company focused on achieving mid-tier producer status. The Company's wholly-owned Hill Copper-Zinc Project, Arizona contains a number of potentially low-cost, bulk-tonnage, open-pit-mineable deposits close to surface containing significant amounts of copper, zinc, silver and gold. The Company recently announced an independent estimate of the mineralized material at the MAN Area of the Project totaling 63.8 million tons at an average grade of 0.56% copper-equivalent. Aurelio has also acquired the rights to explore, and an option to purchase, the Gavilanes gold porphyry deposit in Durango, Mexico.
On behalf of the Board of Directors of Aurelio Resource Corporation
Contacts:
Stephen Doppler Diane Dudley
President & CEO Investor Relations
303-795-3030 303-945-7273 (direct)
800-803-1371 303-945-7270 (fax)
For additional information, please visit our website (www.AurelioResource.com) and/or send an email to DianeD@AurelioResource.com.
mining sector leading stocks today on the open. maybe a break out to the top in some of these small mines.
I think that small mines like UCOI will lag behind and then come on with a strong finish.
No matter how hard House Democrats and some environmental special interests might wish for the eventual demise of mineral extraction on public lands in this country, it still takes minerals to produce a hybrid car, control the emissions from a smokestack, or purify the water to even make a dent on pollution. Minerals fashion the networks to deliver food and consumer goods to Americans, to convey electricity and water into their homes, to build the plane that flies a politician back home to the voters, and makes the cable which provides the broadband internet that enables special-interest NGOs to gain members and raise funds.
Can a U.S. economy afford to take the risk the politicians and special interests would take in relegating its raw material production, i.e. minerals and metals, to foreign sources, some of which are managed by politically unstable or corrupt governments?
Not everything about rising commodity prices is beneficial to the mining sector - as witness the number of companies, particularly in the gold sector, which have been reporting poorer quarterly figures despite metal prices being at peak levels.
The real negative factor here relates to the oil price and its effects on mine costs. Along with rising metals prices, mining companies are seeing costs rise enormously - none more so than for those in remote locations with a reliance on diesel power generation for their main electricity supply - not to mention increased costs of running diesel powered equipment.
The real sufferers here are likely to be smaller new producers,which have been compelled to hedge a large proportion of their output forward to satisfy the lenders of the finance needed to get their operations off the ground. If these mine operators are effectively stuck with a fixed low price for a large proportion of their output, but are facing huge rising cost pressures outside of their immediate control, then their whole financial position could be becoming very shaky indeed. Add into this the pressures on labour costs from a perception by workforces and unions that higher metal prices mean that the mining companies can afford much higher pay levels, it looks as though we could see closures and defaults amidst apparent boom conditions!
Of course it's not only gold which is suffering in this way. Many base metals miners are hugely power intensive and unless they have access to mains electricity or hydropower, these could be suffering just as badly. Forward sales of product are certainly not the prerogative of just the precious metals miners.
All costs are currently under pressure - smelting and refining charges will rise for example as the cost of energy filters down through the system. Thus it behoves the cautious investor to look carefully at a company's exposure to power costs against the real increase that company can expect to receive in product sales through higher prices.
Not everything about rising commodity prices is beneficial to the mining sector - as witness the number of companies, particularly in the gold sector, which have been reporting poorer quarterly figures despite metal prices being at peak levels.
The real negative factor here relates to the oil price and its effects on mine costs. Along with rising metals prices, mining companies are seeing costs rise enormously - none more so than for those in remote locations with a reliance on diesel power generation for their main electricity supply - not to mention increased costs of running diesel powered equipment.
The real sufferers here are likely to be smaller new producers,which have been compelled to hedge a large proportion of their output forward to satisfy the lenders of the finance needed to get their operations off the ground. If these mine operators are effectively stuck with a fixed low price for a large proportion of their output, but are facing huge rising cost pressures outside of their immediate control, then their whole financial position could be becoming very shaky indeed. Add into this the pressures on labour costs from a perception by workforces and unions that higher metal prices mean that the mining companies can afford much higher pay levels, it looks as though we could see closures and defaults amidst apparent boom conditions!
Of course it's not only gold which is suffering in this way. Many base metals miners are hugely power intensive and unless they have access to mains electricity or hydropower, these could be suffering just as badly. Forward sales of product are certainly not the prerogative of just the precious metals miners.
All costs are currently under pressure - smelting and refining charges will rise for example as the cost of energy filters down through the system. Thus it behoves the cautious investor to look carefully at a company's exposure to power costs against the real increase that company can expect to receive in product sales through higher prices.