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Press Release Source: IMPACT Silver Corp.
IMPACT Silver Announces Early Stage Drill Results and Commencement of Mining on the Salvadora Vein
Thursday January 25, 6:21 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 25, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce drill results from the balance of the 2006 surface drill program at the Royal Mines of Zacualpan Silver Project. These results are from the last three early stage exploration areas tested.
PINO PROSPECT
The Pino Prospect is an early stage prospect on the Lipton Vein system. It is located 700m south of the Guadalupe Mine which has historically produced 10 million ounces of silver predominantly from the Lipton Vein. IMPACT continues to mine the Lipton Vein in the Guadalupe Mine today. The Pino Prospect area is marked by a large soil anomaly and sparse old small mine workings. Highlights of drilling on this prospect are as follows:
------------------------------------------------------------------------
PINO PROSPECT DRILL HOLES
------------------------------------------------------------------------
DRILL TOP OF INTERCEPT ESTIMATED SILVER GOLD ZINC LEAD
HOLE No. (m) TRUE WIDTH (m) (g/t) (g/t) (%) (%)
------------------------------------------------------------------------
------------------------------------------------------------------------
18 152.1 0.2 19 0.06 13.10 0.74
------------------------------------------------------------------------
------------------------------------------------------------------------
19 125.5 4.9 8 0.06 1.84 0.59
------------------------------------------------------------------------
Including: 3.3 11 0.05 2.29 0.67
------------------------------------------------------------------------
------------------------------------------------------------------------
20 88.0 0.7 46 1.98 1.52 1.31
------------------------------------------------------------------------
------------------------------------------------------------------------
21 63.6 2.7 84 0.09 2.67 0.64
------------------------------------------------------------------------
Including: 1.7 109 0.11 3.58 0.84
------------------------------------------------------------------------
------------------------------------------------------------------------
83.2 1.1 35 0.11 2.22 0.82
------------------------------------------------------------------------
------------------------------------------------------------------------
95.0 0.3 688 13.65 2.49 9.46
------------------------------------------------------------------------
Drill holes 15, 16, 17 and 22 were drilled outside of the main mineralized area and did not intersect significant values.
This initial test indicates this to be a zinc-rich prospect. The best holes (19 and 21) in this initial test of the area were both drilled near the valley bottom and indicate that zinc values are increasing with depth in the vein structure. Future drilling is planned to test this target at deeper levels below the valley floor.
SALVADORA VEIN
The Salvadora Vein is located in the Gallega Mine about 500m southeast of the processing plant. Based on earlier underground sampling and drilling, mining began underground on the Salvadora Vein in late 2006. As part of the 2006 surface drilling program, mine staff requested the exploration group to drill the upper portions of the Salvadora Vein to determine whether they were also viable for mining. Results were as follows:
------------------------------------------------------------------------
SALVADORA VEIN DRILL HOLES
------------------------------------------------------------------------
TOP OF
DRILL INTERCEPT ESTIMATED SILVER SILVER GOLD ZINC LEAD
HOLE No. (m) TRUE WIDTH (m) (g/t) opt (g/t) (%) (%)
------------------------------------------------------------------------
------------------------------------------------------------------------
24 95.0 0.2 688 20.1 0.32 0.66 0.30
------------------------------------------------------------------------
------------------------------------------------------------------------
25 245.8 0.4 538 15.7 0.12 0.80 0.15
------------------------------------------------------------------------
Including: 0.1 2,120 61.8 0.41 3.12 0.48
------------------------------------------------------------------------
Two other holes intersected low grades.
OSCAR PROSPECT
Two holes were drilled into two other early stage areas in the eastern part of the property. One hole discovered the polymetallic Oscar Vein with results as follows:
------------------------------------------------------------------------
OSCAR VEIN DRILL HOLE
------------------------------------------------------------------------
TOP OF
DRILL INTERCEPT ESTIMATED SILVER SILVER GOLD ZINC LEAD
HOLE No. (m) TRUE WIDTH (m) (g/t) opt (g/t) (%) (%)
------------------------------------------------------------------------
------------------------------------------------------------------------
26 95.0 0.3 2,820 82.3 7.83 7.83 3.48
------------------------------------------------------------------------
Presently, very little is known about this target. More drilling is planned for this new discovery in the near future.
Management is pleased with drill results of these early stage targets and has approved additional drilling for these and other target areas. An initial 5000m of surface drilling is planned at the Royal Mines of Zacualpan Silver Project for the first half of 2007 and will begin on completion of drilling on the Zacatecas projects. The Royal Mines of Zacualpan Silver Project includes two operating silver mines, a 500 tonne per day operating plant (currently operating at about 220 tonnes per day) and associated mineral concessions covering 124.5km2 over most of the Zacualpan Silver District.
George Gorzynski, P.Eng. and Nigel Hulme, P.Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Drill core was NTW size (5.71cm diameter) and BTW size (4.20 cm diameter). Half core samples were collected with a rock saw, tagged for identification and securely stored at the IMPACT base camp until shipment. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and a pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver Canada where a 30 gram split of each was assayed for gold and silver by standard fire assay and a 10 gram split was analysed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a silver focused mining and exploration company with a producing silver operation at Zacualpan (Mexico), a new project with an operating processing plant at Zacatecas (Mexico) and other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) who was the contractor for the drill program, 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 has neither approved nor disapproved 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.
Nice report. Thanks for posting.
Came within a penny of the $1.90 all-time high today. Pretty good volume too. Anything under $2 is a bargain. It won't be long until we leave the $2 level behind. Also quite nice to see gold adding more than $10 today. Once it gets past $650 resistance watch out!
Press Release Source: IMPACT Silver Corp.
Impact Silver Announces New Gold and Copper Discoveries at Royal Mines of Zacualpan Silver Project
Thursday January 18, 4:36 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce the discovery of significant gold and copper mineralization in the Southwest Sector of the 124 km2 Royal Mines of Zacualpan Silver Project.
IMPACT crews began prospecting in the Southwest Sector in mid-2006 and found many new vein systems. In recent months sampling crews have been opening, clearing and sampling some of the old mine workings in the sector. The first results received are from the Pecheco Vein System where significant assays were found in two historic mine workings.
PECHECO PROSPECT
The Pecheco Prospect is located 5 km southwest of the Zacualpan processing plant. It is marked by a cluster of old mine adits and shafts, most of which are collapsed or blocked. Sampling at the end of one short adit recently opened by IMPACT field workers returned the following values near the end of the adit:
--------------------------------------------------------------------------
PECHECO ADIT SAMPLES
--------------------------------------------------------------------------
LOCATION ESTIMATED GOLD COPPER SILVER GOLD EQUIVALENT
--------------------------------------------------------------------------
TRUE WIDTH (m) (g/t) (%) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
End of adit 2.7 14.6 0.46 58 17.0
--------------------------------------------------------------------------
Including: 1.2 32.4 0.80 106 36.8
--------------------------------------------------------------------------
--------------------------------------------------------------------------
8 m from end of
adit 2.4 5.9 0.70 80 9.4
--------------------------------------------------------------------------
Including: 0.9 10.9 1.27 134 17.1
--------------------------------------------------------------------------
COBRE PROSPECT
The Cobre Prospect is an adit located on the Pecheco Vein System 3.5 km southeast of the Pecheco Prospect. Samples were collected in five places over the 25 m exposed length of the vein in the adit and returned the following values:
--------------------------------------------------------------------------
COBRE ADIT SAMPLES
--------------------------------------------------------------------------
LOCATION ESTIMATED GOLD COPPER SILVER GOLD EQUIVALENT
--------------------------------------------------------------------------
TRUE WIDTH (m) (g/t) (%) (g/t) (g/t)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Average of 5
samples along
25 m exposed
length of vein 1.0 1.2 2.34 181 11.3
--------------------------------------------------------------------------
including: 0.7 7.0 0.47 475 18.1
--------------------------------------------------------------------------
and including 1.2 0.2 7.81 88 23.4
--------------------------------------------------------------------------
COPPER AND GOLD EXPLORATION MODEL
IMPACT geologists have been working on an exploration model that suggests there may be a gold and copper district lying underneath the silver district at the Royal Mines of Zacualpan. Historically Zacualpan has been a silver district with secondary zinc and lead mineralization. However, small pockets of copper mineralization have been observed in the deeper levels of some of the mines for many years. The gold and copper mineralization reported in this news release was found in deeply eroded river valleys at lower elevations than the silver mineralization found elsewhere in the Southwest Sector of the district. These observations generated a model which theorizes that gold and copper mineralization may lie at depth below the silver, zinc and lead mineralization of the district.
In order to further test this model, IMPACT geologists examined the Alacran Mine in the southern part of the district. Alacran is one of the deepest former producers in the district with workings extending to depths of over 300 m. Although the mine was closed and allowed to flood several years ago, several large blocks of mineralization extracted from deep levels in the mine were left in a surface dump. IMPACT geologists took a random sample of this pyretic vein material from the dump which assayed 7.03g/t gold, 0.54% copper and 74g/t silver, giving further weight to this new exploration model.
IMPACT is continuing to explore both silver and deep gold-copper targets at the Royal Mines of Zacualpan Project. Field crews are sampling old mine workings found at lower elevations in the Southwest Sector and other target areas elsewhere on the large property. Later, after the planned 2007 program of drilling silver targets is complete, IMPACT plans to test a number of deep gold and copper targets.
Although there is a lot of exploration work yet to be done to determine the extent and economic viability of the gold and copper mineralization at Zacualpan, the results reported in this news release demonstrate that at least two parts of the silver district have gold and copper mineralization at depth. If exploration leads to outlining of economic quantities of gold and copper mineralization, it will complement the silver production from the district and will bring a multi-element mix to the production profile.
George Gorzynski, P.Eng., and Nigel Hulme, P.Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release. Chip and channel samples were collected from cleaned rock faces in old mine workings and from bedrock outcrops over a continuous representative interval using a moil and hammer, bagged, sealed and then securely stored at the IMPACT base camp until shipment. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and a pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30-gram split of each was assayed for gold and silver by standard fire assay and a 10-gram split was analyzed for an additional 30 elements by ICP spectrometry. Samples high in zinc, lead or copper were then wet assayed to determine their values.
IMPACT Silver Corp. is a silver focused mining and exploration company with a producing silver operation at Zacualpan (Mexico), a new project with an operating processing plant 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.
Press Release Source: Timberline Resources Corporation
Timberline Resources Corporation Announces Year-End Results, Recaps 2006 Accomplishments, Looks Ahead to 2007
Tuesday January 16, 8:49 pm ET
COEUR D'ALENE, Idaho, Jan. 16, 2007 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTC BB:TBLC.OB - News) today announced consolidated financial results for 2006. It was Timberline's first fiscal year as an operating company, with nearly seven months that include its contract drilling subsidiary, Kettle Drilling, Inc. (``Kettle''). For the year ending September 30, 2006, Timberline reported gross revenues of $6.47-million and an overall net loss of $1.97-million.
Kettle and its wholly-owned Mexican subsidiary, World Wide Exploration, S.A. de C.V. (``World Wide''), reported combined gross revenues of $6.47-million, a combined gross operating profit of $1.48-million, and a combined overall loss of $0.90-million for 2006. The loss reflects costs associated with Kettle's rapid growth and the launch of World Wide. Between March and the September year-end, Kettle sharply ramped up its management team and technical staffing, while purchasing and placing into service three new state-of-the-art computerized drill rigs. World Wide incurred significant costs for staffing, training, travel, and permitting, while importing and placing into immediate service three of its own drill rigs (and related equipment) in Mexico.
Timberline's exploration business and main corporate office reported a net loss of $1.07-million for 2006. The loss reflects costs related to the Kettle acquisition, the amortization of certain Kettle assets, and a significant increase in administrative expenses. It also reflects exploration-related expenditures of $0.53-million.
Timberline's 2006 Annual Report was filed with the SEC on Form 10KSB on January 16, 2007. It 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 Chairman and CEO John Swallow stated, ``In 2006, we made great progress toward implementation of our revenue-backed exploration business model. As planned, cash flow from drilling operations has been reinvested into the drilling business and deployed toward high-potential mineral exploration ventures. Although we are continuing with our aggressive growth plans at Kettle into fiscal 2007, we currently expect to demonstrate profitability by mid-year. We continue to build a unique investment vehicle within the junior resource sector, providing shareholders with the opportunity to participate in the ongoing mining and mineral exploration booms without the degree of risk inherent to mine operation and/or sole reliance on speculative early-stage drill-plays.''
In 2006, Timberline reached the following important milestones:
* Began operations as a contract drilling company with the
acquisition of Kettle Drilling, Inc.
* Hired Paul Dircksen as VP of Exploration.
* Hired Mark Church and Bill Higgins for management positions at
Kettle.
* Acquired the East Camp Douglas gold property in Nevada.
* Gained NASD approval for trading on the OTC Bulletin Board.
* Expanded drilling operations into Mexico through the creation of
World Wide Exploration, S.A. de C.V.
* Acquired the Conglomerate Mesa gold property in California.
* Hired Mike Wilson as CFO.
* Achieved successive quarterly revenue records at Kettle.
* Paid back $400,000 of the Notes related to the Kettle acquisition.
Looking forward to 2007, Timberline recently completed a $2.73-million financing, proceeds from which will be used to finance the purchase of four additional drill rigs for Kettle, to fund exploration programs, and for general corporate purposes. The new rigs will be staged into service from February through May of 2007 and are expected to generate approximately $6-million in combined annualized revenues, contributing to an overall 2007 revenue projection exceeding $15-million. Kettle and World Wide currently have 11 drill rigs in the field, serving several prominent 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.
On the exploration side, the 2007 budget has been set at $660,000, with the largest allocations made to the district-scale Conglomerate Mesa project (exploration plans for which will be announced shortly) and to additional project generation. As stated previously, Timberline evaluates exploration opportunities on a case-by-case basis, with a firm intention of partnering with qualified companies on many of its projects.
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
Wasserman Morris & Co. Initiates Coverage and Issues Research Report for Gold Resource Corporation
Wednesday January 17, 10:40 am ET
DENVER, Jan. 17 /PRNewswire-FirstCall/ -- Gold Resource Corporation (GRC) (OTC Bulletin Board: GORO - News) is a production focused mining company owning 100% of three potential high-grade gold and silver properties in Mexico. GRC is currently engaged in a 10,000 meter drill program at its El Aguila Project in Oaxaca Mexico. GRC is pleased to announce the initiation of coverage and issuance of a Research Report by Wasserman Morris & Co., a New York City based equity research firm, with a Buy Rating. The full report is available at www.wassermanmorris.com. Once you are on the Wasserman Morris website please go to launch archive browser and type in password "ace" which will take you to the report.
About Wasserman Morris & Co.
Wasserman Morris & Co. is an equity research firm providing unbiased research for significantly under-followed small cap companies. Wasserman Morris & Co. distributes its research to a broad audience of institutional and individual investors seeking information on under-followed small cap stocks. GRC paid Wasserman Morris & Co. the sum of $25,500 for two years of coverage as detailed in the report. Neither the analysts nor the management of Wasserman Morris own equity or debt securities of the companies on which their contract analysts report.
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, of which GRC owns 100%, 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.
--------------------------------------------------------------------------------
Source: Gold Resource Corporation
Wow I missed it as I had an errand this morning but all those 500k came on one trade at 1.30, otherwise the low of the day was $1.40. Probably some huge early holder that saw a huge bid and took the opportunity to lock in some profits.
1.50 1000 OBB 11:36:56
1.50 500 OBB 11:35:28
1.45 500 OBB 11:34:48
1.45 500 OBB 11:34:30
1.45 1500 OBB 11:33:21
1.42 5000 OBB 11:15:23
1.45 800 OBB 11:14:58
1.45 500 OBB 11:14:08
1.40 4500 OBB 11:03:23
1.40 1500 OBB 10:57:57
1.41 500 OBB 10:56:56
1.45 1000 OBB 10:50:16
1.47 2500 OBB 10:41:48
1.50 500 OBB 10:39:10
1.50 500 OBB 10:39:05
1.50 5000 OBB 10:39:05
1.53 500 OBB 10:33:02
1.55 1565 OBB 10:31:17
1.56 760 OBB 10:31:03
1.30 500000 OBB 10:20:37
1.60 760 OBB 09:35:14
This has always been a long term hold for me. The story is just begining here.
Press Release Source: IMPACT Silver Corp.
Impact Acquires Seven Silver Concessions in Zacatecas
Tuesday January 9, 4:29 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 9, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) is pleased to announce that it has purchased 100% interests in a further seven silver concessions in the historic Zacatecas Mining District in Mexico. Highlights of these acquisitions are as follows:
- The Leo and Milagro Concessions cover a splay off the major Canterra Vein in the southern part of the Zacatecas Silver District.
- The Cancer Concession is located in the eastern part of the District and covers a 500m length of the historic Providencia Vein marked by numerous old mine workings.
- The Martin and Santo Cristo Concessions are located near IMPACT's Cristian Concession where earlier sampling of old mine dumps returned 310g/t silver, 24.2% lead and 8.0% zinc from a high grade stockpile and 93g/t silver, 0.43% lead and 1.4% zinc from a low grade waste dump.
- Other concessions purchased cover portions of mineralized veins in various parts of the district.
All of these acquired concessions in the general Zacatecas district represent potential future feed for the 200 tonne per day Zacatecas processing plant under option to IMPACT.
A geological team has commenced field work on the four Zacatecas Venture properties with Yale Resources in December 2006 and will begin work on the 100% IMPACT properties in early 2007. These programs will include mapping and detailed sampling of the historic workings and old mine dumps as well as prepare for a multi-property drill program planned for first quarter 2007.
IMPACT continues to execute its strategy to grow into a mid-tier silver producer through an aggressive development and acquisition program focused on Mexican silver assets. With these transactions IMPACT will have interest in fifteen mineral concessions in the Zacatecas Silver District. George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release. Rock samples were collected from dumps beside old mine workings. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara, Mexico, where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and pulp split-separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver, Canada, where a 30-gram split of each was assayed for gold and silver by standard fire assay and a 10-gram split was analysed for an additional 30 elements by ICP spectrometry.
IMPACT Silver Corp. is a Tier 1 silver focused mining and exploration company with two producing silver mines at Zacualpan, Mexico; 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.
OK this is getting rediculous. $1.40? You have got to be kidding me.
Single shift record by wholly owned Kettle Drilling
"Kettle Drilling Inc. of Idaho, USA celebrated 10 years in business by setting a new drilling record – 609 feet (185.6 m) in a single, 10-hour shift. The company used Atlas Copco’s underground core drilling rig, the Diamec U8 APC for the job and surpassed their previous record by one foot (30.5 cm). The computerized Diamec U8 allows operators to download data from each hole, indicating, for example, penetration pressure, water pressure, rotation speed and weight on the bit. This allows drillers to select the correct parameters to optimize bit life and penetration rate."
http://www.miningandconstruction.com/index.php?startpage=http%3A//www.miningandconstruction.com/pp.p...
Ya the world is ending LOL. Pitiful volume of 17,686 takes it down roughly 10% on a day where gold plunges over 3% should come as no surprise, with a measely 136 shares taking it from the $1.60 low of day to $1.55.
Today's trades so far...
1.65 200 OBB 13:59:10
1.64 500 OBB 13:46:36
1.64 3000 OBB 12:17:35
1.66 500 OBB 11:22:11
1.64 1500 OBB 11:22:01
1.66 900 OBB 11:20:50
1.66 1000 OBB 11:20:49
1.70 500 OBB 11:15:52
1.75 500 OBB 11:13:04
1.75 500 OBB 11:12:19
1.76 500 OBB 11:08:18
1.76 5500 OBB 11:08:13
1.76 2400 OBB 10:54:42
1.77 2000 OBB 10:48:05
1.79 300 OBB 10:37:26
1.78 555 OBB 10:19:54
1.79 1000 OBB 09:30:21
1.80 1000 OBB 09:30:20
1.80 5000 OBB 09:30:20
1.79 5000 OBB 09:30:15
News was before market open and the take down didn't happen until almost 2 hours into trading so it doesn't seem the drill results had much impact if at all. I can't see why they would as they seem to just confirm more good results with no real surprises good or bad.
It seems to me that the take down in share price today coincided with the take down of the price of gold after 10-11AM EST. Interesting development if true as this company typically hasn't been following the POG day to day at least. Though, it may be worthless trying to draw any conclusions on such pathetic volume. But I do certainly expect this stock to follow the POG up more closely eventually, except for the fact that it will greatly outperform it.
Press Release Source: Gold Resource Corporation
Drill Results Continue With High-Grade Intercepts, El Aguila Project, Mexico; Second Drill Rig Contracted to Accelerate Program
Wednesday January 3, 9:00 am ET
DENVER, Jan. 3 /PRNewswire-FirstCall/ -- Gold Resource Corporation (GRC) (OTC Bulletin Board: GORO - News) announced today the first results from its recently commenced drilling program at its El Aguila gold and silver project in the state of Oaxaca, Mexico. Assays for the first four drill holes have been received where the best intercepts include:
* Hole 603, (60deg, at 47 meters), 3 meters of 5.54 g/t gold and 404 g/t
silver (or a gold equivalent value of 0.436 oz/ton)
* Hole 604, (60deg, at 29 meters), 2 meters of 5.49 g/t gold and 180 g/t
silver (or a gold equivalent value of 0.283 oz/ton)
William W. Reid, president of Gold Resource Corporation stated, "We are excited that our drilling continues to define high-grade gold and silver even though we are testing the outer limits of our previously discovered mineralization. This initial drilling is centered on expanding and defining the boundaries of our first potential open-pitable deposit. Previous drilling of that mineralized material averaged 7.45 g/t gold and 63 g/t silver (or a gold equivalent value of 0.26 oz/ton). We are expecting multiple, shallow open-pitable deposits that are silicified mantos in rhyolite of which this is the first. Each of these mantos may overlie higher-grade feeder veins such as the 4 meters of 54.7 g/t gold and 701 g/t silver (or a gold equivalent value of 2.1 oz/ton gold) that we previously intersected under this first manto."
Approximately 20 additional holes are scheduled to delineate this first mineralization after which the data will be submitted to an independent engineering firm for the purpose of designing the Project's first open pit. The drill will continue testing the additional targeted mantos.
"We are also pleased to have contracted a second drill rig that will arrive at the El Aguila Project during the first week of January. That rig will begin testing for additional high-grade vein mineralization at the El Aire mine area where we have already encountered a 4 meter vein intercept that assayed 1.9 g/t gold and 755 g/t silver (or a gold equivalent value of 0.57 oz/ton gold). The arrival of a second drill will accelerate our exploration program of our numerous exciting targets. Drilling over the next three months is intended to delineate sufficient mineralization to make a production decision," said Mr. Reid.
Assays are performed by ALS Chemex.
About GRC
GRC is a production-oriented 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
Here is a good fairly recent report: http://news.goldseek.com/StewartArmstrong/1162222403.php
This one is almost a year old but stil worth a read:
http://news.goldseek.com/StewartArmstrong/1138723200.php
Welcome aboard Yale. Exciting story here. Drilling revenues alone should have this things over $2. They've got some nice looking properties too. No telling how high this could go if they find something significant.
New highs at $1.45 today so far. So sad no one on ihub is here to enjoy it. Still much more to come in my opinion.
One thing I don't understand about this PR. It states:
"The Company's current share structure is as follows:"
But then it states nothing.
Did they leave something out or what?
Otherwise some good news about the IR firm. Anybody give them a call yet? Maybe he knows the share structure.
I'll take any pace, fast or slow, as long as it's in the right direction.
stockcharts.com has been down all day
Let it go already ibreken. As much as I like to see objectiveness rather than blind bullishness, you need to move on.
It's been done. Quite some time ago some guy on the board that most labled a basher traveled to the office, took pictures of the building and Parkin at his desk etc. and posted them. It did nothing to help investor confidence. I forget who it was, other longs here may remember and if so, please post those messages to remind the board.
I wouldn't mind seeing some pics of the properties in Russia though. SR, weren't you thinking of traveling there? But really it shouldn't be necessary, these kind of pics should be on the Aurus website IMO.
What can I say about illiquidity? It is still a pretty new company trading on a Friday near the holidays. As someone that has already taken a pretty significant position, I think I should just ignore this one until the New Year when things get going again, though I know I won't. If I had some extra cash I'd set some low bids and hope they get filled to take advantage of the volatility that illiquidity brings, but I really don't expect much to happen here over the next few weeks. Though I will stick around for any surprises.
If nothing else, this board is always good for a laugh when taken in the right frame of mind.
All over the place today:
Price Size Exch Time
1.77 2500 OBB 15:47:53
1.76 500 OBB 15:43:50
1.76 1000 OBB 15:43:44
1.75 5000 OBB 15:43:05
1.74 500 OBB 15:41:55
1.75 500 OBB 15:41:46
1.75 500 OBB 15:41:43
1.74 2000 OBB 15:41:39
1.74 1000 OBB 15:39:56
1.74 1000 OBB 15:39:44
1.74 1000 OBB 15:38:31
1.74 1000 OBB 15:38:09
1.73 9000 OBB 15:18:29
1.66 1000 OBB 14:38:45
1.73 1000 OBB 14:30:09
1.74 2500 OBB 11:46:23
1.70 500 OBB 11:46:21
1.70 100 OBB 10:53:32
1.66 1000 OBB 10:24:14
1.66 1000 OBB 10:23:53
1.63 500 OBB 10:03:40
1.61 2500 OBB 09:45:07
1.65 1000 OBB 09:44:30
1.65 500 OBB 09:40:20
1.65 500 OBB 09:39:29
1.70 500 OBB 09:39:29
1.70 500 OBB 09:32:35
Up on the day right now, but volatility and illiquidity are definitely prevalent right now. I saw that blip lower this morning as well, and it took about the same amount of small volume to take it back higher. Some good drill results will help rectify this in my opinion, but we may have to wait until after the feasibility study and final production decision before we get any decent and consistent volume. I am just glad to be in before then, because as you say, the sellers are likely limited and any decent volume will certainly take us higher.
Do you have any sell targets? I plan to hold for quite some time and don't have any set right now. It wouldn't surprise me to see this at over $3 minimum a year from now, and maybe closer to $5 by then.
I liked the PP announcement as well. I just think some feared there may be those out there that wouldn't like it and would give away some cheap shares. Now that we saw that didn't happen people know they will have to pay up.
one share for every ten
Im so pissed I'm laughing
Aurus Corp. Is Pleased to Announce Its Dividend
NEW YORK, NY, Dec 13, 2006 (MARKET WIRE via COMTEX) -- Aurus Corp. (PINKSHEETS:
AURC) is announcing that it will be granting a dividend to its shareholders.
The president stated that the low cost of mining rare earth minerals renders
superior net revenues, permitting the Company to pay dividends to its
shareholders.
Since production is now commencing on the Krong site, the initial dividend shall
be in shares while future dividends shall provide for cash payments.
Aurus Corp. announces 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.
Fedor Dovgan, its president adds, ''We are most pleased to give our shareholders
the first of many dividends provided by mining results.''
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:
Gerald Parkin
Vice-President
Aurus Corporation
gparkin@auruscorp.com
514-798-5454
www.auruscorp.com
SOURCE: Aurus Corporation
CONTACT: mailto:gparkin@auruscorp.com
http://www.auruscorp.com
Copyright 2006 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Nice little move past 2 days. I think those in the know were waiting on the sidelines until the PP news hit the market. They wanted to see if there would be any reaction with the price down at $1.20. Now that we are past that its up, up, and away as drill results come out over the next several weeks and they get the feasibility study done.
Well it is Dovgan who is quoted in the last PR so I am hoping him.
I'm hoping for a new "Dovgan time" that is much faster.
Anyone want to start a pool over when the dividend PR will come out?
It would be much better future reading than all of the other stupid drama I just read over from this weekend's useless posts.
Dilution is usually news I hate, but its good in this case in my opinion. They need the cash, and they were able to get more than the IPO price at $1.20 and got much more overall cash than originally intended.
Nice to hear abour a second drill rig too, hopefully they will be announcing some good results soon.
AND they are building a new road to the proposed mill site and new drill targets. Now why would you build a road to a project if you are not going to advance it? It seems the production decision is definately a go, but officially they have to wait for the feasibility study... which they now have the cash to do. The feasibility study will also bring in new investors as some are nervous to invest without one.
News
http://biz.yahoo.com/prnews/061208/laf037.html?.v=75
Gold Resource Corporation Completes $5.18 Million Private Placement; Additional Funding to Sustain Accelerated Exploration Schedule
Friday December 8, 12:47 pm ET
Private Placement Priced 20% Above September 2006 IPO
DENVER, Dec. 8 /PRNewswire-FirstCall/ -- Gold Resource Corporation (GRC) (OTC Bulletin Board: GORO - News) today announced it has closed a $5.186 million private placement of 4.322 million shares of restricted common stock at $1.20 per share, with no warrants.
In September 2006, GRC completed an initial public offering of 4.6 million shares at $1.00 per share. The Company originally planned to sell 7 million shares in the IPO, but due to time constraints, the offering was closed early at 4,600,000 shares. The recent private placement has secured additional funds and has done so at a share price 20% higher than the initial offering. The additional funding will allow GRC to maintain its accelerated exploration schedule, which management anticipates will lead to an early-2007 production decision related to the Company's El Aguila high-grade gold and silver project in Oaxaca, Mexico.
William W. Reid, GRC's president, said, "This funding will allow us to immediately initiate our feasibility study, prepare for construction of a new road that will access both our proposed mill site and new drill targets identified in our recent geochemical survey, and bring in a second drill to accelerate exploration of this exciting high-grade gold and silver property. These funds should be sufficient to get us to a production decision within our targeted time frame."
About GRC
GRC is a production-oriented 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.
The common stock sold to the investor has not been registered under the Securities Act of 1933. Accordingly, these shares may not be offered or sold in the United States, except pursuant to the effectiveness of a registration statement or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common stock.
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.
--------------------------------------------------------------------------------
Source: Gold Resource Corporation
Dovgan: Please give me a cash dividend by Tuesday. A stock dividend, or any dividend not within the next 3 biz days will be devastating to shareholders. Please do otherwise and live up to promises. News about FF listing would also be nice. Thanks in advance.
By the way skitters, this message is obviously not meant for you, but for company officials if they happen to read this.
I am hoping Parkin time is behind us and we are on Dovgan time now. Only time will tell, however, how close that is to real time.
corvette guy is right in that the b/a get jacked up after the close so the .33 may mean nothing, but FYI I got the info from the time and sales list I have running on my trading platform.
Not that it matters much, but the ask on AURC is $0.33 right now. That will likely change by the open tomorrow, but still way too cheap if you want my shares.
Almost 5 mil in volume already... most since Oct. 11 when we ran to .225
Sounds good 2 me but completely unrealistic IMO. Just give me some cash and I will be a happy man. Need some $ for xmas shopping
I also fear a stock dividend. Hopefully they announce cash and this thing will REALLY take off. And I really hope they actually announce it within 3 days. Hopefully Dovgan time is closer to real time than Parkin time!