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Great news today!
Interesting action here today.
Holy volume batman!
This shake won't last long. Actually, looks like its already over.
Last week of the quarter...
I'm hoping for a meaty PR.
No disappointments here yet.
Anybody out there watching this one?
Haha, great minds think alike!
Aurus Proceeds With Dividend
NEW YORK, NY, Mar 15, 2007 (MARKET WIRE via COMTEX) -- Aurus Corp (PINKSHEETS:
AURC) advises its shareholders that following the announcement of the dividend
for shareholders on record as of February 15, 2007, it is proceeding to fulfill
the regulatory requirements to effect the distribution.
The shareholders benefiting from this dividend shall receive, by mail, their
share certificate without any action on their part or any surrender of
certificates.
Aurus shall advise the shareholders of the exact date of the mailing as soon as
the filings are processed.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several
precious metal properties with over 5 million ounces in gold reserves, trading
under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to
continue acquire proven gold and other precious metal reserves in Russia and
other emerging counties and operate its mines through joint ventures and/or
partnerships.
Contact:
Jeremy Krause
Managing Director
Business Development Consultants, LLC
1-858-384-0294
SOURCE: Aurus Corporation
Copyright 2007 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Press Release Source: Gold Resource Corporation
Gold Resource Corporation Returns High-Grade Silver Surface Samples From Its Las Margaritas Property in Oaxaca, Mexico
Tuesday March 13, 11:47 am ET
DENVER, March 13 /PRNewswire-FirstCall/ -- Gold Resource Corporation (GRC) (OTC Bulletin Board: GORO - News) announces high-grade rock chip surface samples, up to 821 g/t Ag (24 ounces/ton Ag), from its 100% owned Las Margarita property, Oaxaca, Mexico.
In addition to the continued exploration at the Company's El Aguila Project, GRC recently hired a full time geologist to specifically focus on the Las Margaritas property to better understand the geology and to generate drill targets in this large area. Highlights from a recent surface sampling program at Las Margaritas include 381 g/t Ag, 699 g/t Ag, 155 g/t Ag, 821 g/t Ag, 708 g/t Ag and 404 g/t Ag.
William W. Reid, President of GRC stated, "Las Margaritas continues to demonstrate high-grade silver potential with these recently taken surface samples. It is also very positive that there were minimal base metals returned with these samples increasing the chance for good metallurgical recovery. Las Margaritas represents one of four potential high-grade gold and silver properties whose ore could be trucked to GRC's proposed El Aguila mill. The potential of four high-grade properties feeding one mill is exciting and an important aspect of our strategic plan".
The Las Margaritas high-grade silver property comprises the four northwest kilometers of the important N 70 W structural corridor, which is an extension of GRC's El Aguila system. An historical 1905 Mexican Government authorized report titled The Mines of Mexico described the Las Margaritas mining district as, " ... the place in which has been found some of the richest ores in Mexico."
About Gold Resource Corporation
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 owns 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. For more information, please visit GRC's website, located at www.Goldresourcecorp.com.
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 "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 GRC's strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to GRC on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's Form SB-2 filed with the Securities and Exchange Commission.
Contacts: Jason Reid, Corp. Development Andrew J. Barwicki
Gold Resource Corporation Investor Relations
303-320-7708 516-662-9461
--------------------------------------------------------------------------------
Source: Gold Resource Corporation
Timberline Announces Work Plans to Advance Its Snowstorm Project in North Idaho's 'Silver Valley'
Timberline plans to reactivate the Snowstorm Project this year as the Silver Valley experiences investment activity not seen in several decades, led by Hecla Mining Company ("Hecla") (NYSE:HL) at its neighboring Lucky Friday Mine. Hecla recently reported that it has completed a positive scoping study which outlines how it could increase annual production there by as much as 70-percent, extend the mine life, lower its cost per ounce, and increase the mineable resource. The study also estimates $150 to $200 million of capital for a new mill, a surface shaft to the existing levels, and an underground shaft to more than 1,000 feet below the deepest identified resources. Based on the study's positive economics, Hecla expects to begin a prefeasibility study shortly, to be completed by year-end. Hecla went on to add that it is conducting the first generative exploration program on its Silver Valley properties in 50 years. Hecla maintains a 4-percent NSR royalty on the Snowstorm Project.
Hecla is joined by relative newcomers U.S. Silver Corporation (TSX-V:USA), Sterling Mining Company (OTCBB:SRLM), and SNS Silver Corp. (TSX-V:SNS) which control the Galena, Sunshine, and Crescent mines, respectively. All three companies have raised significant capital to support expansion and/or continued exploration and development of their projects.
Timberline VP of Exploration Paul Dircksen stated, "Hecla's planned investment at Lucky Friday is timely and adds to our excitement about the potential for economic discovery at Snowstorm. Although we have been approached by several potential exploration partners, we have been unable to reach acceptable terms to-date. While we remain very open to bringing in an experienced and qualified partner, given the current investment interest in the Silver Valley and the persistent strength of metals prices, we are also pleased to maintain our 100-percent ownership and advance the project ourselves."
The work plans at Snowstorm include the rehabilitation of underground access to the Snowstorm No. 3 haulage level, enabling the drill testing of known copper-silver mineralization that surrounds the historic high-grade stopes, both peripherally and down-plunge. Past drilling peripheral to the Snowstorm workings, primarily by Hecla, has demonstrated a "halo" grading approximately 1-percent (20 pounds per ton) copper and 1 ounce per ton (oz/t) silver and containing an estimated 5 to 10 million tons of mineralized material. The Timberline drill program will seek to confirm and expand this historical resource. The anticipated cost of this next exploration phase is approximately $250,000 to $400,000.
The Snowstorm Project features the Snowstorm Mine, an historic operation that produced 800,000 tons of ore averaging 4-percent copper and 6 oz/t silver. Snowstorm mineralization occurred as disseminated copper and silver found in the same Revett Formation quartzites that host the Troy, Rock Creek, and Montanore deposits on the Montana Copper Sulfide Belt, but was of a much higher grade. The mineralized horizon at the Snowstorm Mine was discovered in outcrop and subsequently developed with four adits, each driven at lower elevations to access its nearly vertical structure. The horizon appears to have been offset by a structure near the lowest adit and little systematic exploration has been conducted for this lower portion of the Snowstorm ore body.
Timberline Resources Corporation is a unique, growth-oriented company that combines positive cash flow from its ownership of Kettle Drilling, Inc. with "blue sky" upside from its mineral exploration division. Timberline common stock is quoted on the OTC Bulletin Board under the symbol "TBLC."
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. When used herein, the words "anticipate," "believe," "estimate," "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-KSB, as amended, for the year ended September 30, 2006. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect.
CONTACT: Timberline Resources Corporation
John Swallow, Chairman & CEO
(208) 664-4859
www.timberline-resources.com
Held strong near $3 all week. Works for me until we get news. Nice consolidation before next leg higher after more progress on projects.
Nice way to end the week! Strong volume that brought us near all time highs and ended on the HOD. First cheers goes to TBLC at the bar tonight!
Had my eye on this one for a while and finally dipped my feet in today.
Record volume for the second day in a row. Broke 1 mil, not bad.
Press Release Source: IMPACT Silver Corp.
IMPACT Silver Acquires 200km2 Mining District in Mexico
Wednesday February 28, 12:35 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce that it has been awarded a 100% interest in the 200km2 Mamatla Mining District through an 'invitation only' auction held by the Mexican Geological Survey. IMPACT's winning bid was US$200,000 payable over two years plus a 1% NSR production royalty payable to the Mexican Geological Survey. Mamatla is IMPACT's third district-scale project. It is located immediately southwest of and adjacent to IMPACT's Royal Mines of Zacualpan Silver Project and production facilities in central Mexico. This acquisition increases IMPACT's mineral concession holdings in the region by 160% to a total of 325km2.
ADVERTISEMENT
The Mamatla Project is host to both epithermal vein systems and volcanogenic massive sulphide (VMS) deposits. IMPACT's initial interest lies in the silver and gold epithermal vein systems which were not the primary focus of past exploration work.
The VMS mineralization known at Mamatla varies from copper and gold rich systems to zinc, lead, gold and silver rich systems. The Mamatla project covers the same stratigraphy as the Campo Morado VMS belt where Farallon Resources has announced a production decision on the G-9 VMS deposit (5.57 million tonnes grading 7.3%Zn, 1.0%Pb, 1.3%Cu, 186g/t Ag and 2.8g/t Au). The G-9 VMS deposit is located along trend 45km southwest of Mamatla.
In the 1990s, Valerie Gold Resources carried out extensive VMS exploration on the eastern half of the Mamatla district. Later, TVX Gold Inc. carried out a small exploration program on a limited part of the area for bulk tonnage epithermal precious metal deposits. This exploration identified over 70 VMS and epithermal prospects including many old mine workings. Some of the main prospects identified are Aurora I, Aurora II, Capire, Sara Ridge, Velixta, Yerba Buena, Tlanipla, Los Mantos, and Cruz Blanca. A major difference between IMPACT's plans for the Mamatla Project and those of Valerie Gold in the 1990s is that IMPACT owns and operates the 500-tonne-per-day (tpd) Zacualpan processing plant within trucking distance of several of the Mamatla deposits and prospects, which significantly lowers the economic threshold for potential future production decisions.
HISTORIC EXPLORATION RESULTS - VMS ZONES
Aurora I is a VMS deposit that in part appears to have been overprinted by epithermal silver mineralization. In the auction bid document publicly released by the Mexican Geological Survey, the Aurora deposit is described with an indicated resource of 194,000 tonnes grading 1.28g/t gold, 180g/t silver, 2.13% lead and 4.45% zinc. Some past drill highlights include:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Aurora I 7.5 0.54 230 3.67 6.71 0.44 See Valerie Gold Press
Release dated April 3,
1997
-------------------------------------------------------------------------
including 1 0.65 693 4.16 6.85 1.28
-------------------------------------------------------------------------
including 1 1.34 353 5.18 10.6 0.67
-------------------------------------------------------------------------
The Capire mine workings are located less than 1km west of Aurora I. The workings consist of six old adits and more than 20 old shafts found over an area measuring 1000m by 200m. In the auction bid document publicly released by the Mexican Geological Survey, the Capire deposit is described with an indicated resource of 1,154,500 tonnes grading 0.22g/t gold, 73g/t silver, 0.45% lead and 1.13% zinc in a near surface zone with potential for open pit mining and open for expansion. Several past drill highlights such as the following indicate that there are also higher grade portions to this deposit:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Capire 4 2.66 430 2.88 7.18 0.35 See Valerie Gold Press
Release dated April 3,
1997
-------------------------------------------------------------------------
6 3.65 2218 2.38 5.67 0.66 See Valerie Gold Press
Release dated May 22,
1996
-------------------------------------------------------------------------
Past drilling also indicated there is significant near surface
mineralization between the Capire and Aurora 1 deposits as indicated by
the following results:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Capire/
Aurora I 38.3 0.24 94.5 0.54 1.26 0.09 See Valerie Gold Press
Release dated July 15,
1996
-------------------------------------------------------------------------
6.9 0.74 476.3 3.26 7.08 0.64
-------------------------------------------------------------------------
8.3 0.33 170.5 0.97 2.95 0.20
-------------------------------------------------------------------------
9.55 3.04 267.7 3.17 5.59 0.52
-------------------------------------------------------------------------
Aurora II is located about 1km southeast of Aurora I. Valerie Gold
concluded it was small deposit with some significant drill results as
follows:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Aurora II 8.6 1.16 480.7 0.93 2.11 0.18 See Valerie Gold Press
Release dated July 15,
1996
-------------------------------------------------------------------------
3.2 1.27 346 1.85 4.34 0.35
-------------------------------------------------------------------------
1 10.8 99 1.48 2.8 0.31 See Valerie Gold Press
Release dated
February 7, 1997
-------------------------------------------------------------------------
2 1.82 247 1.68 3.4 0.26
-------------------------------------------------------------------------
Exploration by Valerie Gold along trend of Capire-Aurora I located the
Tlanipla and Velixtla prospects 3.5km and 4.5km, respectively, northwest
of Capire. Reconnaissance drilling returned highlights of:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Tlanipla 3.1 - 52 1.88 7.55 - See Valerie Gold Press
Release dated April 3,
1997
-------------------------------------------------------------------------
Velixtla 2 - 30 0.01 0.02 2.24
-------------------------------------------------------------------------
This trend is marked by other geophysical and soil geochemical anomalies that remain to be drill tested.
HISTORIC EXPLORATION RESULTS - EPITHERMAL VEIN ZONES
Valerie Gold and TVX Gold Inc. carried out limited exploration for epithermal deposits in the 1990s and identified several significant zones of mineralization northeast of the VMS mineralization trend.
Yerba Buena is located about 3km northeast of Aurora I. It is a zone of siliceous epithermal breccia measuring 50m by 450m+ in cross section. Valerie Gold found that grades increased with depth. The deepest hole drilled in the breccia returned the best values as follows:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Yerba Buena 22.2 0.14 20 0.5 3.64 0.02 See Valerie Gold Press
Release dated April 3,
1997
-------------------------------------------------------------------------
Los Mantos is another epithermal target in the Yerba Buena area.
Reconnaissance drilling returned highlights of:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Los Mantos 1 1 1101 1.51 2.63 0.48 See Valerie Gold Press
Release dated May 22,
1997
-------------------------------------------------------------------------
0.38 0.69 1200 5.78 9.77 2.31
-------------------------------------------------------------------------
Sara Ridge is thought to be a VMS prospect cut by epithermal veins in the
northeastern part of the Mamatla concession. Past drill highlights by
Valerie Gold at Sara Ridge included:
-------------------------------------------------------------------------
Width Au Ag Pb Zn Cu
Zone (m) g/t g/t % % % Source
-------------------------------------------------------------------------
Sara Ridge 4 0.57 374 - - - See Valerie Gold Press
Release dated June 27,
1995
-------------------------------------------------------------------------
Valerie Gold explored and drilled numerous other mineral prospects in the Mamatla project area providing IMPACT with many early stage to advanced targets at which to begin its exploration work.
IMPACT has not independently verified the resource estimates in this news release and the estimates are not compliant with NI 43-101 requirements, therefore they should not be relied upon. IMPACT has also not verified the results of the previous exploration work quoted from news releases of Valerie Gold Resources (now ValGold Resources Ltd.), a TSX Venture Exchange company. These news releases were issued in the 1990s and therefore readers are cautioned that the results, as presented, may not comply with current NI43-101 standards of disclosure. However, IMPACT believes the historical resource estimates and results provide an indication of the potential of the Mamatla Project, and are clearly relevant to IMPACT's decision to purchase the project and to IMPACT's plans for further exploration work.
Management is pleased to have acquired this highly-prospective district and plans to commence exploration immediately. Fred Davidson, President and CEO of the Company, said: "This is a major acquisition for IMPACT. Districts scale projects like Mamatla do not become available often and we are fortunate to have added it to our portfolio. Based on the information available we feel that the project has significant potential and opens a host of new growth opportunities for IMPACT."
George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101 and Vice President, Exploration of IMPACT Silver Corp., has reviewed the technical content of this news release.
IMPACT Silver Corp. is a Tier 1 silver focused mining and exploration company with two producing silver mines at Zacualpan, Mexico just north of the Mamatla area; an advanced-stage silver project at Zacatecas, Mexico; and, other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT.
On behalf of the Directors of IMPACT Silver Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contact:
Darrell Rader
IMPACT Silver Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
Email: inquiries@IMPACTSilver.com
Website: www.IMPACTSilver.com
--------------------------------------------------------------------------------
Source: IMPACT Silver Corp.
Well so much for that, nothing was spared today.
Check out the strength here today despite the bloodbath everywhere else.
It appears no one wants to buy gold stocks today. Check out HUI down over 5% and continually making new lows on the day as the Dow tanks over 200 points.
Typical intitial reaction for people is to sell EVERYTHING when they see the Dow down like that. But as the Dow will continue to tank over the next few days, people will realize the safety in gold and buy all these miners back up.
Don't know why the lag in this realization but it usually seems to pan out that way.
All 75 of my gold silver stocks I track on major U.S. exchanges (not OTCBB or pinks) are in the red right now. The only green I see on my screen is the USO (oil) and my other gem TBLC (barely).
People will wake up. Take advantage of the bargains before they do.
I think the bashers will be hard pressed to find any good arguments against GORO, but I suppose that won't stop them from using some bad ones. We shall see.
No surprise at all to see today's little hiccup. It was certainly due and expected... kinda like the Dow... not sure the Dow will be bouncing back though. If it does it certainly won't be able to keep pace with GORO as long as things go as planned. I just can't wait for the resource estimate, feas. study, and production decision. It's not a question of yes or no, but rather how much per day. Oh well, patience is a virtue they say.
Check out that gold price! Down over $10 early and now struggling to go positive.
Press Release Source: Gold Resource Corporation
Gold Resource Corporation Acquires Fourth High-Grade Property in Oaxaca, Mexico
Tuesday February 27, 5:00 am ET
4 High-Grade Properties Within Trucking Distance of Proposed El Aguila Mill
DENVER, Feb. 27 /PRNewswire-FirstCall/ -- Gold Resource Corporation (GRC) (OTC Bulletin Board: GORO - News) is pleased to announce it has leased 100% interest in the Solaga high-grade silver mine in the state of Oaxaca, Mexico. The 400 hectare property, previously mined as recently as the 1980's, is subject to a 4% net smelter return royalty on any production.
ADVERTISEMENT
William W. Reid, President of GRC stated, "What is particularly exciting about Solaga is the initial high-grade selective sampling performed by our manager of Mexican operations. A selected sample taken from a small stockpile left at the site, of what we believe was direct shipping ore, ran 15 kilo's (15,000 grams / tonne or 488 oz/ton or 1.5%) silver per tonne."
"Gold Resource Corporation remains focused on placing our El Aguila property into production however the acquisition of Solaga is a great opportunity for GRC. Any high-grade ore that might be developed at Solaga could feasibly be trucked to our proposed El Aguila mill, as can each of GRC's three other high-grade gold and silver properties in the state of Oaxaca. This minimizes the capital costs at each property while potentially increasing our production profile and keeping overall costs low. Although the incredible 15 kilo Solaga sample would not be representative of the average grade to be mined, it certainly shows the potential of this property," concluded Mr. Reid.
GRC will immediately begin work necessary to open the portal and make the mine workings safe for geological mapping and sampling.
About Gold Resource Corporation
Gold Resource Corporation is a gold 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 owns 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. For more information, please visit GRC's website, located at www.Goldresourcecorp.com.
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 "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 GRC's strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to GRC on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's Form SB-2 filed with the Securities and Exchange Commission.
Contacts: William W. Reid, President
Gold Resource Corporation
303-320-7708
Jason Reid, Corp. Development
Gold Resource Corporation
303-320-7708
Andrew J. Barwicki
Investor Relations
516-662-9461
--------------------------------------------------------------------------------
Source: Gold Resource Corporation
I'm certainly interested, but not much time to post.
I've had my eye on MNEAF ever since the last Silver Summit, but so far have yet to get to buying any.
Any body taking any profits here? I'm tempted to, but then I remind myself how much further this has to go first.
Press Release Source: Timberline Resources Corporation
Kettle Drilling Breaks Its Own 'World Record' With 620 Feet of Core Drilled in a Single 10-Hour Shift At Newmont's Midas Mine
Friday February 23, 12:32 pm ET
COEUR D'ALENE, Idaho, Feb. 23, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation (``Timberline'') (OTC BB:TBLC.OB - News) announced today that its wholly owned subsidiary, Kettle Drilling Inc. (``Kettle''), broke its own ``world record'' for the most core drilled in a single 10-hour shift, completing 620 feet at Newmont Mining Corporation's Midas Mine in north-central Nevada. The record was set by John Paul Hiibel, with assistance from Robert Fisher, using an Atlas Copco U8 APC computerized drill, producing NQ2-size core. The new standard eclipses the former record of 609 feet, also set by a Kettle crew at Midas, just over one year ago.
Kettle's U.S. Operations Manager, Steve Elloway stated, ``The combination of our experienced, professional teams and our modern, computerized rigs has brought Kettle to the top of the contract drilling business, as demonstrated by this impressive performance at Midas. Our crews are highly skilled, motivated, responsive, and efficient. Our rapid business expansion over the past year would not have been possible without them.''
Timberline also announced today that Cassandra Mulligan has been appointed as Kettle's Chief Financial Officer. Ms. Mulligan has over a decade of experience in accounting, auditing, and financial reporting. She has most recently served as an audit manager at Anastasi & Moore, PLLC, of Spokane, where she has worked closely with both Kettle and Timberline for the past year. She has a B.S. in accounting from Eastern Washington University and is a licensed certified public accountant.
Kettle Drilling Inc. provides drilling services to mining and mineral exploration companies throughout North America, combining state-of-the-art equipment, world-class technical expertise, innovative thinking, and an impeccable safety record. Kettle specializes in difficult underground jobs in support of active mining operations and advanced exploration projects. For more information about Kettle, or to request a quote, please contact Mark Church, General Manager, at (208) 665-7211, or visit the Timberline website at http://www.timberline-resources.com.
Timberline Resources Corporation is a unique, growth-oriented company that combines positive cash flow from its ownership of Kettle Drilling Inc. with ``blue sky'' upside from its mineral exploration division. Timberline common stock is quoted on the OTC Bulletin Board under the symbol ``TBLC.''
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. When used herein, the words ``anticipate,'' ``believe,'' ``estimate,'' ``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-KSB, as amended, for the year ended September 30, 2006. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect.
Contact:
Timberline Resources Corporation
John Swallow, Chairman and CEO
(208) 664-4859
www.timberline-resources.com
--------------------------------------------------------------------------------
Source: Timberline Resources Corporation
Welcome I- B- N and thanks for posting that notice casinoroyale.
At first I didn't think we had much a chance of hitting $3 this week but now I am going to be dissapointed if we don't!
If the presentation tomorrow is anything like the one last week, it should certainly bring in some new shareholders.
I've always expected an uplisting with this stock sooner or later, but the AMEX by May may be a tall order. Although the Reids have certainly not dissapointed yet! I guess they've got to be doing something besides drilling. Maybe we'll get some clarification tomorrow?
And hey, check out those gold prices! Up $22 today!!!! It won't now be long until we are at 25 year highs again IMO. $730 and higher here we come!
Thanks for the bed time story 2C, unfortunately it verifies nothing for me.
I request third party verification.
TIA
Excuse me? Can I have that post written in comprehendible English? Are you calling me a short because I asked 2 simple questions that by any objective viewer would not be seen as bashing but rather as extremely relevant questions by any responsible shareholder?
The first asking for my already delayed dividend that was supposed to now happen on the 15th and no dividend or news to speak of after the 20th?
And the video that you promised us LAST weekend (not the one just recent, but the one before) and have STILL not produced, but now "promise" even more unverifiable pictures instead?
Give me a freaking break!
Look at my history, I've been here long and strong longer than 95% of the current posters here that post meaningless BS and clutter this board so much that I find too much a waste of time to read it anymore.
I remain long and strong, but it's baseless attacks like that of yours that may very well be hurting this share price more than anything else.
Where is my dividend?
And where is this video?
Press Release Source: Timberline Resources Corporation
Timberline Reports $3.21 Million in Quarterly Revenue
Thursday February 15, 1:53 pm ET
COEUR DÃ?Â'ALENE, Idaho, Feb. 15, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation (``Timberline'') (OTC BB:TBLC.OB - News) today announced financial results for its fiscal first quarter, reporting record revenues of $3.21 million. Virtually all revenue was generated by Timberline's contract drilling subsidiary, Kettle Drilling, Inc. (``Kettle''), including Kettle's Mexican subsidiary, World Wide Exploration, S.A. de C.V. (``World Wide''). Net of business investments, exploration work, and financing activities, Timberline reported a first quarter loss of $1.14 million.
Timberline Chairman and CEO John Swallow stated, ``As the December quarter inevitably includes a slow period near the holidays, we are pleased with these figures. Heading into 2007, our considerable momentum will be enhanced by newly-priced contracts which contain significant upward price revisions. Although we are continuing on an aggressive growth track at Kettle, we expect to demonstrate profitability by mid-year.''
Kettle and World Wide reported combined gross revenues of $3.21 million, a combined gross operating profit of $0.48 million, and a combined overall net loss of $0.61 million for the quarter ending in December 2006. The loss reflects the costs associated with the continued rapid growth of Kettle and World Wide and includes the impact of the holiday shutdown period. The four new drill rigs ordered in the first quarter are set to be staged into service over the next several months. Kettle and World Wide currently have 11 drill rigs in the field, serving prominent mining and exploration companies including Newmont Mining, Barrick Gold, Industrias Penoles, and U.S. Gold. The current market demand for top-tier contract drillers such as Kettle is virtually unprecedented.
Kettle Drilling General Manager Mark Church added, ``Kettle's Mexican subsidiary, World Wide Exploration, is off to a fantastic start under Operations Manager Paul Elloway, already reporting a nominal quarterly profit within months of launching its operations. In addition to the three rigs already in service, a fourth rig is on its way and will be commissioned shortly.''
Mr. Church continued, ``The industry's chronic shortage of available drill rigs has led to some creative dialogue regarding the financing of additional new rigs. Possible 'win-win' solutions under discussion include having our customers pay for new drill rigs up front, resulting in effectively interest-free loans and/or discounted paybacks for our drill purchases, even as we continue to charge market rates for our services. The customer would benefit by having assurance that a particular drill rig is effectively subject to their right of first refusal.''
Timberline's exploration business and main corporate office reported a net loss of $0.53 million for the quarter ending in December 2006. The loss reflects costs related to the Kettle acquisition, the amortization of certain Kettle assets, and significant increases in stock based compensation and investor relations activity. The loss also reflects exploration-related expenditures of $0.08 million.
Timberline's full quarterly report can be viewed in its entirety on the SEC website which can be accessed from the ``Investors'' page of the Timberline website at http://www.timberline-resources.com.
Timberline Resources Corporation is a unique, growth-oriented company that combines positive cash flow from its ownership of Kettle Drilling, Inc. with ``blue sky'' upside from its mineral exploration division. Timberline common stock is quoted on the OTC Bulletin Board under the symbol ``TBLC.''
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. When used herein, the words ``anticipate,'' ``believe,'' ``estimate,'' ``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-KSB, as amended, for the year ended September 30, 2006. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect.
Contact:
Timberline Resources Corporation
John Swallow, Chairman & CEO
(208) 664-4859
www.timberline-resources.com
--------------------------------------------------------------------------------
Source: Timberline Resources Corporation
Kyoto Holdings is what is involved in the Aurus connection.
"Damien is also the founder of Kyoto Capital Partners and Kyoto Funds Limited"
When I first saw Damien Reynolds name on this board I was extremely excited as I happen to be a happy shareholder in longview and other companies that Damien is involved in and certainly trust him, but the sad fact is, he has no proven correlation to "Kyoto Holdings," he is only "involved" in the fact that it shares the first word of countless companies that use Kyoto in their name.
Not trying to hate as I've been long AURC for more than a year and think much more upside is to come, just trying to keep it real.
I wish Aurus all the best. It's the best lottery ticket I've ever bought.
http://www.wsw.com/webcast/wsaf/goro.ob/
Half hour long presentation with 27 slides given by President Wiliam Reid this morning at the 18th Annual Analyst Conference held at the Princeton Club in New York City and sponsored by the Wall Street Analyst Forum. VERY informative.
I'm already loaded to the gills but I may now find a way to get some more.
They assume with a hypothetical target of 100,000 ounces of gold per year using a gold price of only $500 an ounce that they will be paying a 37 cent dividend with a $19 share price based on industry comparisons.
Expect to announce production decision (not if, but how much per year) by end of the quarter and also plan to announce their estimated resource base at that time. Will then get third party verification of resource base etc. Expect secondary of $20 million by middle of the year. Actual production they want as quickly as possible but logistics of getting equipment there and set-up etc. will probably delay actual production until early 2008.
Got GORO?
This came across my wire a little while ago, looks like its just a rehash of yesterday's PR and not anything new:
Gold Resource Corporation To Begin Production At Oaxaca, Mexico Project
Feb 13, 2007 (financialwire.net via COMTEX) -- February 13, 2007
(FinancialWire) Gold Resource Corp. (OTCBB: GORO) has signed a contract with
Corevi SA de CV, an environmental engineering firm located in Mexico City,
Mexico.
Through the contract, GRC has obtained all of the environmental and regulatory
permits needed to place the El Aguila Project into production. The project is a
high-grade gold and silver property located in the state of Oaxaca, Mexico.
GRC has contracted with Lyntek Inc. to begin initial engineering work needed for
the project.
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-0-
I wonder which Canadian private equity fund?
Sure would be nice to have details like this.
What a terrific day to just sit back and watch this stock move. Quite fun watching new all-time high after new all-time high.
Press Release Source: Gold Resource Corporation
Gold Resource Corporation Engages COREVI to Commence the Permitting Process and Lyntek to Commence Engineering at the El Aguila Project, Mexico
Monday February 12, 6:00 am ET
DENVER, Feb. 12 /PRNewswire-FirstCall/ -- Gold Resource Corporation (GRC) (OTC Bulletin Board: GORO - News) announced the signing of a contract with COREVI S.A.de C.V., an environmental engineering firm located in Mexico City, Mexico to obtain all the environmental and regulatory permits needed to place into production GRC's 100% owned El Aguila Project, a high-grade gold and silver property located in the state of Oaxaca, Mexico. In addition, GRC has contracted with Lyntek Incorporated, an engineering firm located in Denver CO., to begin initial engineering work needed for the project.
William W. Reid, President of GRC stated, "Due to continuing success in finding high-grade gold and silver mineralization in our recent drilling program, we are moving forward with the permitting process and initial engineering work to help us with our production decision which we are targeting for the end of the first quarter of 2007. This will also position GRC to expedite mine development when that decision is made".
"COREVI has previously obtained all the exploration permits needed for GRC at this Project and Lyntek previously completed an independent Scoping Study in 2004 which indicated cash cost of producing an ounce of gold at +/- $100. We are pleased to be working with both COREVI and Lyntek since each has considerable experience with the mining industry in Mexico", concluded Mr. Reid.
About Gold Resource Corporation
Gold Resource Corporation is a gold 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 owns 100% interest in three potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. For more information, please visit GRC's website, located at http://www.Goldresourcecorp.com.
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 "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 GRC's strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to GRC on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's Form SB-2 filed with the Securities and Exchange Commission.
Contacts: William W. Reid, President Andrew J. Barwicki
Gold Resource Corporation Investor Relations
303-320-7708 516-662-9461
--------------------------------------------------------------------------------
Source: Gold Resource Corporation
Only "at times." Not all the time? My experience at least.
Press Release Source: Madison Minerals Inc.
Madison Minerals Inc.: Drilling Confirms and Expands Lewis Gold Mineralization
Thursday February 8, 3:15 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 8, 2007 -- Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News) -
ADVERTISEMENT
HIGHLIGHTS
- Recently discovered third style of gold mineralization continues to return favourable results including 9.43 g/t gold over 13.7 metres and 2.16 g/t gold over 45.7 metres in drill hole MAD-81.
- Initial Madison drilling at the Buena Vista structural zone intersects favourable results including 5.44 g/t gold over 7.6 metres in drill hole MAD-64.
Madison Minerals Inc. is pleased to report results for the remaining thirty-three reverse circulation drill holes from its 2006 drilling program at its Lewis Property in Nevada. Madison and joint venture partner, Great American Minerals, Inc., completed forty-nine drill holes (both in-fill and step-out) totalling 31,690 feet during this program.
As shown in the following tables, gold results from the most recent twenty-six drill holes (MAD47 - 54, MAD58 - 63 and MAD71 - 82) compare favourably with previous Lewis Property drill results which had partially outlined two distinct mineralization styles within the extensive Virgin Structural Zone: steeply oriented, higher grade mineralization and sub-horizontal, lower-grade mineralization, all hosted by favourable stratigraphy. In addition, the drilling continues to define a third style of mineralization; steeply oriented mineralized splays or cross structures that intersect the N-S trending Virgin Structural Zone. Madison's drilling evaluation of the various styles of mineralization within the Virgin Structural Zone covers an area of 600 feet by 1,600 feet.
Madison has also initiated a successful drilling evaluation of the Buena Vista Structural Zone with seven widely spaced reverse circulation drill holes (MAD64 - 70) along a 1,700 foot strike extent. The Buena Vista Structural Zone is a subparallel target located 1,500 feet to the west of the Virgin Structural Zone.
Management is pleased with these drilling results as they compare favourably with the reported styles and grades of mineralization at the adjacent Phoenix-Fortitude gold mining operations of Newmont Mining. Madison plans considerable additional drilling evaluation in 2007 at both the Buena Vista and Virgin Structural Zones as a prelude to resource calculations.
STEEPLY ORIENTED MINERALIZATION - VIRGIN STRUCTURAL ZONE
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-48 29700/4700 090/-80 22.9-25.9 3.0 1.16
--------------------------------------------------------------------------
MAD-49 29700/4700 090/-60 10.7-19.8 9.1 2.46
--------------------------------------------------------------------------
MAD-50 29600/4700 090/-70 1.5-6.1 4.6 1.26
29.0-32.0 3.0 2.24
--------------------------------------------------------------------------
MAD-51 29500/4700 090/-80 41.2-44.2 3.0 1.11
--------------------------------------------------------------------------
MAD-52 29500/4700 090/-60 30.5-35.1 4.6 4.13
--------------------------------------------------------------------------
MAD-53 29450/4700 090/-70 32.0-41.1 9.1 2.36
--------------------------------------------------------------------------
MAD-54 29450/4600 090/-70 86.9-89.9 3.0 3.05
--------------------------------------------------------------------------
MAD-63 28650/4550 090/-80 219.5-225.6 6.1 1.33
--------------------------------------------------------------------------
MAD-73 29500/5100 360/-70 16.8-19.8 3.0 1.53
--------------------------------------------------------------------------
MAD-75 29350/5050 270/-70 62.5-67.1 4.6 1.20
--------------------------------------------------------------------------
These results compare favourably to previously released results from drill
intercepts of this mineralized zone, including:
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-05 29100/4715 090/-75 53.3-85.3 32.0 17.50
--------------------------------------------------------------------------
MAD-08 28850/4730 090/-70 106.7-115.8 9.1 7.00
--------------------------------------------------------------------------
MAD-17 29150/4700 090/-70 41.1-44.1 3.0 8.20
--------------------------------------------------------------------------
MAD-20 29200/4700 090/-85 50.3-57.9 7.6 7.10
--------------------------------------------------------------------------
MAD-36 28750/4650 090/-70 222.5-231.6 9.1 4.88
--------------------------------------------------------------------------
MAD-39 28900/4750 090/-70 89.9-96.0 6.1 4.54
--------------------------------------------------------------------------
MAD-55 28800/4750 090/-70 161.5-170.7 9.2 2.17
incl.161.5-164.5 3.0 4.94
--------------------------------------------------------------------------
MAD-56 28650/4750 090/-70 134.1-135.6 1.5 7.33
--------------------------------------------------------------------------
SUB-HORIZONTAL MINERALIZATION - VIRGIN STRUCTURAL ZONE
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-59 29200/4450 090/-85 122.0-132.6 10.6 1.11
--------------------------------------------------------------------------
MAD-62 29200/4525 045/-70 79.2-102.1 22.9 1.08
incl.79.2-85.4 6.1 1.50
141.8-155.5 13.7 1.05
--------------------------------------------------------------------------
MAD-74 29500/5100 270/-70 25.9-48.8 22.9 1.52
--------------------------------------------------------------------------
MAD-76 28650/4850 090/-80 125.0-128.0 3.0 1.15
129.6-134.1 4.6 1.00
--------------------------------------------------------------------------
MAD-80 30400/4300 090/-75 80.8-85.4 4.6 1.12
--------------------------------------------------------------------------
MAD-82 28950/4550 045/-70 134.1-140.2 6.1 1.68
144.8-149.4 4.6 1.01
--------------------------------------------------------------------------
MAD-72, 77, 78 and 79 did not return any significant results.
These results compare favourably to previously released results from drill
intercepts of these mineralized zones, including:
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-06 29050/4720 090/-75 51.8-76.2 24.4 1.35
--------------------------------------------------------------------------
MAD-19 29150/4700 090/-80 44.2-70.1 25.9 1.90
--------------------------------------------------------------------------
MAD-23 29200/4605 090/-80 115.8-143.3 27.5 1.93
--------------------------------------------------------------------------
MAD-28 29050/4710 090/-82 166.1-182.9 16.8 1.28
--------------------------------------------------------------------------
MAD-40 28950/4800 090/-70 54.9-71.7 16.8 1.13
incl.56.4-59.4 3.0 2.09
--------------------------------------------------------------------------
MAD-42 29150/4350 090/-80 129.5-143.2 13.7 1.44
incl.134.1-140.2 6.1 2.39
--------------------------------------------------------------------------
SPLAY STRUCTURE MINERALIZATION - VIRGIN STRUCTURAL ZONE
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-47 29700/4700 360/-70 15.2-19.8 4.6 2.13
74.7-82.3 7.6 2.91
--------------------------------------------------------------------------
MAD-61 29200/4525 090/-85 59.4-64.0 4.6 1.72
123.5-154.0 30.5 1.11
incl.125.0-128.0 3.0 3.74
--------------------------------------------------------------------------
MAD-71 29050/4550 045/-70 115.9-125.0 9.1 2.67
134.2-140.3 6.1 1.12
--------------------------------------------------------------------------
MAD-81 29000/4650 045/-70 85.4-99.1 13.7 9.43
149.4-160.1 10.7 9.21
182.9-228.7(i) 45.7 2.16
--------------------------------------------------------------------------
(i) MAD-81 ended in mineralization at 228.7 metres.
MAD-47 represents a separate splay structure to the north of that
intersected by holes MAD-43, 45, 57, 61, 71 and 81. Drill holes MAD-58 and
MAD-60 were lost due to technical drilling problems prior to reaching the
mineralized target
These results compare favourably to previously released results from drill
intercepts of these mineralized zones, including:
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-43 29150/4500 045/-70 137.2-179.8 42.6 2.62
incl.138.7-150.9 12.2 6.35
--------------------------------------------------------------------------
MAD-45 29500/5000 360/-70 13.7-22.9 9.2 2.51
97.5-102.1 4.6 1.22
--------------------------------------------------------------------------
MAD-57 29150/4625 045/-70 121.9-147.8 25.9 1.47
incl.128.0-131.0 3.0 2.37
and 140.2-146.3 6.1 2.07
172.2-175.2 3.0 1.56
--------------------------------------------------------------------------
BUENA VISTA STRUCTURAL ZONE
--------------------------------------------------------------------------
Interval Gold
Hole # Location (N/E) Azimuth/Dip From - To (m) (m) (g/t)
--------------------------------------------------------------------------
MAD-64 28900/3200 330/-90 12.2-19.8 7.6 5.44
incl.12.2-15.2 3.0 12.60
42.7-47.3 4.6 1.70
--------------------------------------------------------------------------
MAD-65 28500/3200 090/-85 85.4-90.0 4.6 1.08
--------------------------------------------------------------------------
MAD-67 27700/3350 090/-80 10.7-18.3 7.6 1.45
30.5-33.5 3.0 3.44
--------------------------------------------------------------------------
MAD-68 27700/3350 090/-60 137.2-141.8 4.6 1.60
--------------------------------------------------------------------------
MAD-70 27200/3450 045/-70 158.5-169.2 10.7 2.82
--------------------------------------------------------------------------
MAD-60 and MAD-69 did not return significant values.
The intervals reported above utilize a 0.3 g/t gold cut-off and true widths have not yet been determined. Eight of the thirty-three holes for which results are presently available did not intersect significant mineralization.
Madison has not yet received all of the ICP analytical results for the 2006 drilling exploration program, however, from those results presently available, favourable correlation with significant silver, lead and zinc values within the gold mineralized zones are being observed.
Madison is planning further drilling evaluation (both reverse circulation and core) and ground geophysics as soon as ground conditions allow a re-mobilisation of personnel and equipment.
Fieldwork was carried out under the supervision of Gerald McArthur, P. Geol., a "qualified person" for the purposes of National Instrument 43-101, who has verified the data disclosed in this news release. ALS Chemex in Vancouver, BC and TSL Laboratories in Saskatoon, Saskatchewan, carried out all assaying.
The Lewis Property is being explored by the Phoenix Joint Venture, comprised of Madison as to a 60% interest and Great American Minerals, Inc. as to a 40% interest. Madison is operator of the Phoenix Joint Venture.
To find out more about Madison Minerals Inc. (CDNX:MMR.V - News)(OTC BB:MMRSF.OB - News), please visit our website at www.madisonminerals.com.
On behalf of the Board of Directors of MADISON MINERALS INC.
Chet Idziszek, President
Cautionary note to U.S. investors - this news release contains information about adjacent properties on which we have no right to explore or mine. We advise us investors that the S.E.C.'s mining guidelines strictly prohibit information of this type in documents filed with the S.E.C. U.S. investors are cautioned that mineral deposits on adjacect properties are not indicative of mineral deposits on our properties.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contact:
Contacts:
Madison Minerals Inc.
David Scott
Investor Relations
(604) 331-8772
(604) 331-8773 (FAX)
Email: dscott@mine-tech.com
Website: http://www.madisonminerals.com
--------------------------------------------------------------------------------
Source: Madison Minerals Inc.
Wow, new all-time high again today, and on volume. Love it!
Woohoo!
New high: $2.00
Nice way to end the week
The ask is at .29, not the bid. The bid is at .10. But after hours bid and ask mean basically nothing.
Aurus Announces Extension Regarding Date of Record of Dividend
NEW YORK, NY, Jan 31, 2007 (MARKET WIRE via COMTEX) -- AURUS Corp. (PINKSHEETS:
AURC) had previously announced that it shall give each of its shareholders on
record as of January 30, 2007 a premium of one share for every ten shares held
in the Company.
AURUS announces that it must extend the date of record for granting the stock
dividend until February 15, 2007. This is due to the delays caused by the
holiday period in Russia which extended until mid January. The accountants need
this additional period to ascertain the number of shares affected by this
dividend. This is required in order to prepare their financial statements.
In future releases the Company shall provide shareholders with information as to
the procedure to issue the stock dividend.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several
precious metal properties with over 5 million ounces in gold reserves, trading
under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to
continue acquire proven gold and other precious metal reserves in Russia and
other emerging countries and operate its mines through joint ventures and/or
partnerships.
Contact:
Jeremy Krause
Managing Director
Business Development Consultants, LLC
1-858-384-0294
So much for that range
New all-time high at $1.98 today so far, as well as some strong bidders at $1.95-$1.96.
They've proven they can find some deep pockets before, and I have no doubt they will be able to find more after production decision and feasiblity study/resource estimate is complete.
Ooh nice now that I finish writing B/A is $1.99/$2.00
Press Release Source: Timberline Resources Corporation
Timberline Expands Land Position At East Camp Douglas Gold Project
Monday January 29, 10:43 am ET
COEUR D'ALENE, Idaho, Jan. 29, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTC BB:TBLC.OB - News) (OTC BB:TBLCE.OB - News) announced today that it has expanded its land position at the East Camp Douglas Project along Nevada's Walker Lane Mineral Belt. A block of 28 additional unpatented lode mining claims was recently located, contiguous with the original 87-claim project land package. The additional ground was staked based on the discovery of a broad zone of intense sulfate alteration, within which silica-rich breccia samples grading up to 0.23 ounces per ton (oz/t) gold were collected.
ADVERTISEMENT
East Camp Douglas represents a ``district-scale'' project with multiple targets of high-sulphidation quartz-alunite and low-sulphidation quartz-adularia gold-silver mineralization. Data compilation, district-scale and target-scale mapping, and geochemical sampling are on-going, in preparation for a mid-2007 drill program. Drilling by previous operators included intercepts of 60 feet of 0.47 oz/t gold and 10 feet of 0.19 oz/t gold, with select rock chip samples grading up to 4.9 oz/t gold.
The project is located within the structural intersection of the Walker Lane Mineral Belt (Rawhide, Paradise Peak, Tonopah, and Goldfield mining districts) and the regional west-northwest trending Pancake / Cerro Duro Structural Lineament (Bodie, Aurora, and Borealis mines). The East Camp Douglas Miocene age gold-silver mineralization is related to an extensive intermediate to felsic eruptive volcanic center.
The newly-staked claims are located within the project ``area of interest'' and are subject to the same terms as the original project area, as detailed in previous press releases.
This press release has been reviewed and approved by Paul Dircksen, Timberline's V.P. of Exploration and a Qualified Person as defined by NI 43-101.
For more information about Timberline, please visit the Company's website at http://www.timberline-resources.com.
Timberline Resources Corporation is a unique, growth-oriented company that combines positive cash flow from its ownership of Kettle Drilling, Inc. with ``blue sky'' upside from its mineral exploration division. Timberline common stock is quoted on the OTC Bulletin Board under the symbol ``TBLC.''
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. When used herein, the words ``anticipate,'' ``believe,'' ``estimate,'' ``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-KSB, as amended, for the year ended September 30, 2006. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect.
Contact:
Timberline Resources Corporation
John Swallow, Chairman & CEO
(208) 664-4859
www.timberline-resources.com
--------------------------------------------------------------------------------
Source: Timberline Resources Corporation
Press Release Source: Gold Resource Corporation
Gold Resource Corporation Announces Continued High-grade Drill Intercepts, Including 49 Feet of 0.20 oz/ton Gold Equivalent at El Aguila Project, Mexico
Monday January 29, 7:00 am ET
DENVER, Jan. 29 /PRNewswire-FirstCall/ -- Gold Resource Corporation (GRC) (OTC Bulletin Board: GORO - News) announced today more high-grade drill results from its El Aguila gold and silver project in the state of Oaxaca, Mexico. Recent highlights include:
* Hole 606, (90 deg, at 21 meters), 15 meters of 5.60 g/t gold and
59.7 g/t silver (or a gold equivalent value of 0.20 oz/ton)
* Hole 607, (90 deg, at 40 meters), 3 meters of 5.50 g/t gold and
41.1 g/t silver (or a gold equivalent value of 0.19 oz/ton)
* Hole 608, (90 deg, at 46 meters), 2 meters of 3.80 g/t gold and
33.6 g/t silver (or a gold equivalent value of 0.13 oz/ton)
* Hole 611, (80 deg, at 47 meters), 4 meters of 3.90 g/t gold and
77.5 g/t silver (or a gold equivalent value of 0.17 oz/ton)
William W. Reid, president of GRC stated, "We are pleased with the continued quality results coming from mostly step-out drilling. Hole 606 (an in-fill hole) intercepting 49 feet of 0.20 oz/ton gold equivalent is particularly consistent and conforms to our previously drilled mineralization."
"The El Aguila mineralization is high-grade for a shallow open pit and taken together with its excellent metallurgical recovery of 94% for gold and 90% for silver (at 100 mesh grind with 72 hours of leaching) is the reason our independent Scoping Study (completed in 2004 by Lyntek, Inc. of Denver) estimated cash operating costs at +/- $100/oz gold," said Mr. Reid.
The following table details the first 12 drill holes of GRC's 2006 - 2007 third drill program highlights:
El Aguila Project
2006 - 2007 Core Drill Results
Drill Highlights
Metric Imperial
Drill Hole From To Interval Gold Silver Au Eq. Interval Au Eq.
(m) (m) (m) (g/t) (g/t) (g/t)* (feet) oz/ton
601 31 36 5 0.82 72.2 2.5 16.4 0.07
602 27 28 1 1.22 20.2 1.7 3.3 0.05
603 38 41 3 1.22 34.6 2.0 9.8 0.06
603 45 51 6 3.65 231.7 9.0 19.7 0.26
including 47 50 3 5.54 404.3 14.9 9.8 0.44
604 29 31 2 5.49 180.3 9.7 6.6 0.28
605 35 41 6 0.81 90.1 2.9 19.7 0.08
606 21 36 15 5.60 59.7 7.0 49.2 0.20
607 40 43 3 5.50 41.1 6.5 9.8 0.19
608 46 48 2 3.80 33.6 4.6 6.6 0.13
609 55 56 1 0.75 17.4 1.2 3.3 0.03
610 Assays Pending
611 47 66 19 1.45 22.2 2.0 62.3 0.06
including 47 51 4 3.90 77.5 5.7 13.1 0.17
612 69 71 2 3.55 45.6 4.6 6.6 0.14
612 78 79 1 0.04 354.0 8.3 3.3 0.24
613 89 90 1 0.05 97.4 2.3 3.3 0.07
*Gold equivalent grade assumes 43:1 silver to gold ratio
These results are for the first 12 holes drilled with one drill rig on site prior to the holiday break. Drilling has now resumed (mid January) and will continue with two drill rigs. Mr. Reid stated, "Though over one hundred holes are scheduled to be drilled during the next 6 months, these continued high-grade results move us closer to a production decision targeted by the end of the first quarter of this year."
About GRC
GRC is a production-focused mining company pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company is specifically focused on three potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. For more information, please visit GRC's website, located at www.Goldresourcecorp.com.
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 "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 GRC's strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to GRC on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's Form SB-2 filed with the Securities and Exchange Commission.
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Source: Gold Resource Corporation