Thanks for the sick puppy...

PharmaGap completes $1-million financing

2007-06-15 07:36 MT - News Release

Mr. Robert McInnis reports

PHARMAGAP COMPLETES SALE OF EQUITY UNITS

PharmaGap Inc. has closed the issuance of equity securities to accredited investors in Canada for total proceeds of $1,000,450.

Robert McInnis, president and chief executive officer of the company, commented: "We are delighted that the markets see the potential in our company and cancer drug technology, as evidenced by our ability to complete this issuance of just over $1-million. We are applying these funds to proceed with additional animal trials of our lead cancer drug PhGalpha1, additional testing of the drug at Memorial Sloan Kettering Cancer Centre, and to working capital requirements. This next round of testing of the drug in animals, anticipated to commence in July, 2007, is designed to produce data requested by potential development and licensing partners in the pharmaceutical industry. Based on all testing and development work already completed, our scientific team is confident that PhGalpha1 will continue to demonstrate performance as designed."

Investors purchased a total of 5,603,000 common equity units from the company at a price of 12.5 cents per unit, in two separate closings on May 4, 2007 (two million units), and June 14, 2007 (3,603,000 units). Each unit consists of one common share and one warrant to acquire a common share for a two-year period at an exercise price of 16.5 cents per common share. The common shares and warrants issued will be subject to a hold period until Sept. 5, 2007, and Oct. 15, 2007, respectively, pursuant to TSX Venture Exchange policies and to Multilateral Instrument 45-102. On May 4, 2007, the company also closed the issuance of 2.4 million Series I preferred shares, as part of the same offering. The Series I shares are priced at 12.5 cents per Series I share and are convertible at the request of the holder into units on a one for one basis at no further cost. The Series I shares carry no fixed dividend and have no priority on liquidation. Series I shareholders are eligible to vote in all votes of common shareholders to the extent of one vote for every 100 Series I shares held, and are subject to a voting agreement that directs Series I share votes to be cast in favour of the majority of the common shares voted. As a result of the issue, the company now has 24,978,220 common shares and 2.4 million Series 1 shares outstanding.

Pursuant to an agency agreement between the company, Dundee Securities Corp. and Wellington West Capital Inc., the agents are paid a commission of $55,000 (Dundee) and $26,850 (Wellington) and will also receive 200,000 broker's warrants (Dundee) and 214,800 broker's warrants (Wellington), respectively. The broker's warrants have an exercise price of 16.5 cents per common share and a two-year term from date of issue of the units placed by the respective agent. The company also paid an additional $20,736.50 in finder's fees to certain other parties in connection with the offering.

Outlook hires Au as corporate finance director in China

2007-06-14 09:59 MT - News Release

Mr. John Bottomley reports

OUTLOOK ESTABLISHES CORPORATE FINANCE PRESENCE IN CHINA

Outlook Resources Inc. has established a corporate finance and business development presence in the city of Fuzhou, Fujian province, China.

Fuzhou is the capital city of Fujian province, located on China's southeastern coast. With a long tradition as a coastal port and shipbuilding center, Fuzhou is the major coastal city between Hong Kong and Shanghai. Fuzhou lies on the Min River, in the east of Fujian province, approximately 50 kilometres (30 miles) from the sea. The city is on a subtropical plain close to the Fu mountains. It is 700 kilometres (435 miles) northeast of Hong Kong, and 1,500 kilometres (930 miles) southeast of Beijing. As the central city in a province with many ethnic and linguistic links to Taiwan, Fuzhou has benefited from cross-strait investment and is today a major commercial and manufacturing centre. Because of Fuzhou's proximity to Taiwan, and the ethnic and linguistic closeness of the two regions, cross-strait investment has made Fuzhou one of China's most prosperous cities.

The company has entered into a consulting agreement with Mr. Au Kai Shing as director, corporate finance, China. Mr. Au graduated from the University of Manitoba after completing his BSc, civil engineering in 1980. He is a Canadian citizen who resides in Scarborough, Ont., with his wife and children when not in China for business.

Mr. Au is presently working as general manager for The Right Joint Real Estate Development Company Ltd. in Fuzhou since June, 2005, working with a variety of commercial real estate developers in addition to seeking overseas business opportunities and overseas real estate developments.

Mr. Au also serves as a director of the Fuzhou chamber of commerce and as general manager for the Fuzhou China-Canada Super Private Exit & Entry Co. Ltd., working with the Fujian government's training schools to train skilled workers to work in Australia and Canada. Mr. Au is also an adviser to immigrant investors to Canada and Australia and provides support for co-operation between Chinese and Canadian high school education boards.

As part of his consulting agreement, the company has granted the consultant one million stock options priced at 10 cents per share for a period of two years vesting as to 25 per cent every six months.

BCM Resources drills 17.34 m of 0.189% Mo at Shan

2007-06-14 23:21 MT - News Release

Mr. Dale McClanaghan reports

BCM RESOURCES CORPORATION: ADDITIONAL RESULTS FROM HOLE 27 YIELD HIGH-GRADE INTERVAL OF 0.189% MOLYBDENUM OVER 17.34M

BCM Resources Corp.'s additional assay results have identified a high-grade molybdenum interval at the bottom of hole 27 (from 407.25 metres to 424.59 metres) of the Shan drill program. The hole was terminated in high-grade ore.

Hole 27 ended in what appears to be mineralization of a pre-ore fault zone. The highly mineralized nature of the fault zone was not recognized at the time due to abundant grey fault gouge and brecciation.

The table, "Table of intercepts," details the significant higher-grade intercepts in hole 27.

 
                       TABLE OF INTERCEPTS 
  
 Hole               From          To   Width (m)       Grade  
                                                      (%) Mo 
  
 LM027(i)          111.8       302.4      190.6        0.103 
 including         111.8       217.5      105.7        0.119 
 including         190.6       217.5      26.87        0.168 
 including         268.8       272.3       3.45        0.247 
 including         288.0       302.4       14.5        0.362 
 New interval      407.3       424.6       17.3        0.189 
 

(i) Previously reported

All assays reported in this release were carried out at Acme Analytical Laboratories in Vancouver, B.C. Standards, blanks and duplicate samples were systematically submitted to the lab for QA/QC.

Qualified person

Daryl Hanson, PEng, a qualified person as defined in National Instrument 43-01, has reviewed the technical content of the drill program and previously reported results but not this news release.

LOL

UEX says okay, we take it back -- well, part of it

2007-06-14 15:40 MT - News Release

Mr. Stephen Sorensen reports

UEX CLARIFIES RAVEN AND HORSESHOE DEPOSITS NEWS RELEASE OF JUNE 14, 2007

Reference is made to UEX Corp.'s news in Stockwatch of June 14, 2007, entitled "UEX Plans to Initiate Final Feasibility Study at Raven and Horseshoe Deposits Following Receipt of N.I. 43-101 Compliant Resource Estimate." Although the news release was precleared by Market Surveillance prior to being issued, the Toronto Stock Exchange has since requested that UEX issue a further news release clarifying the table on the first page of the news release relating to gross metal values per tonne at various grades.

UEX included this table for information purposes only, and investors should not apply such uranium values to the Raven and Horseshoe deposits, for which no resource estimates have yet been calculated and no feasibility studies have been completed.

Euromax to acquire four properties in Macedonia

2007-06-14 13:06 MT - News Release

Mr. John Menzies reports

EUROMAX OPTIONS FOUR PROPERTIES IN MACEDONIA

Euromax Resources Ltd. has executed an option agreement with Freeport McMoran Copper & Gold Inc. subsidiaries, Phelps Dodge Vardar DOOEL and Phelps Dodge Exploration Corp. (together, PDX), to acquire a 100-per-cent interest in four exploration properties in Macedonia. Under the terms of the agreement Euromax has purchased an option to acquire a 100-per-cent interest in the properties by the payment to PDX of $600,000 (U.S.) and the issuance of 100,000 Euromax shares. In order to exercise the option Euromax must fulfill all concession requirements, fulfill a certain minimum volume of drilling and complete a $1.5-million (U.S.) exploration program over three years. PDX retains a one-time-only back-in right on each concession, whereby PDX may elect to earn a 70-per-cent interest, after Euromax has completed 10,000 metres on any such property. In order to earn its interest PDX must repay Euromax twice its exploration expenditure on that property and finance the property though completion of a final feasibility study. The transfer of the properties to Euromax is subject to government approval and the transaction is subject to regulatory approval.

Kazandol copper project

The Kazandol concession covers gneiss and schist intruded by granite stocks and andesite dikes. Outcropping copper mineralization has been mapped along a northwest-striking zone over a length of five kilometres. Within this zone two large copper oxide targets have been defined: Kazandol North and Kazandol South. No drilling has been conducted at Kazandol.

Kazandol North

An 800- by 400-metre zone of copper oxide mineralization has been defined at Kazandol North. PDX undertook trenching and soil geochemistry with values locally in excess of 1 per cent copper.

 
  
                   KAZANDOL NORTH -- TRENCH RESULTS 
  
 Trench   Length      From         To        Intercept   Copper 
 No.     (metres)   (metres)    (metres)     (metres)     % 
  
 T1        765         265        440          175        0.39 
 incl                  285        425          140        0.46 
 incl                  300        320           20        1.05 
 T2        586         384        586          202        0.25 
 T3        620         130        160           30        0.25 
                       380        445           65        0.27 
 T4        445          35        210          175        0.44 
 incl                  95        210          115        0.63 
                       120        160           40        0.98 
 T5        300         155        185           30        0.25 
 

A trenching program is in progress to better define the distribution of mineralization prior to drilling. Permitting for drilling has commenced.

Kazandol South

The Kazandol South zone has been traced over a strike of three kilometres and a width of up to 500 metres with soil copper values greater than 200 parts per million (ppm). Rock chip sampling by PDX has reported values of up to 0.5 per cent copper over 10 metres. Kazandol South is in a similar geological setting to Kazandol North but with more intense alteration and oxidation and intense surface leaching of copper is suspected by Euromax. Permitting for a planned program of trenching and drilling is in progress.

Ilovitza copper-gold porphyry

The Ilovitza concession is located in the northwest-striking Leche-Chalkidiki metallogenic belt. Ilovitza is a new discovery by PDX and is one of a series of porphyry copper-gold deposits in the belt which extends from Greece, through eastern Macedonia and into Serbia.

At Ilovitza a large copper-gold-bearing quartz stockwork is variably exposed over an area of 800 by 400 metres and has been traced to a depth of 500 metres. PDX drilled seven diamond drill holes at Ilovitza, five of which intersected mineralized porphyry. The mineralized stockwork is centred on a dacite porphyry stock central to a 1.3-kilometre diameter volcanic diatreme. The stock is pervasively altered and stockworked at surface.

 
  
                       ILOVITZA CU-AU PORPHYRY INTERCEPTS 
                                                                                                                         
               Depth      From       To     Intercept   Cu      Au    CuEq   AuEq 
 Drill hole  (metres)   (metres)  (metres)  (metres)     %      g/t     %    g/t 
  
 PDIC 04-02    386          98       386       288      0.16    0.20  0.28   0.47 
 incl.                     343       386        43      0.25    0.28  0.43   0.73 
 PDIC 04-03                  0       108       108              0.31         0.31 
               541         393       541       148      0.24    0.27  0.40   0.68 
 PDIC 06-06    512          54       504       450      0.23    0.30  0.41   0.69 
 PDIC 06-07    226         132       225        93      0.28    0.45  0.54   0.93 
 incl.                     135       180        45      0.29    0.53  0.60   1.02 
                           192       216        24      0.29    0.44  0.55   0.93 
 PDIC 06-08    501           0        48        48              0.48         0.48 
                            57       450       393      0.25    0.36  0.46   0.79 
 incl.                      57       111        54      0.38    0.39  0.61   1.04 
                           132       213        81      0.23    0.41  0.47   0.80 
 

Copper and gold equivalent calculations use metal prices of $1.25 (U.S.) per pound
copper and $450 (U.S.) per ounce gold. Adjustment factors for differences in
relative metallurgical recoveries for gold and copper have not been be considered
and metallurgical recoveries and net smelter returns are assumed to be 100 per cent.


Locally, weathering has produced a supergene oxide cap with results including 0.48 gram per tonne (g/t) gold over 48 metres (zero to 48 metres) in PDIC 04-08.

An undrilled zone of intense advance argillic alteration has been mapped in outcrop along the southeast side of the diatreme over an area of 500 by 300 metres. Enargite and anomalous gold in rock chips suggests potential for shallow copper-gold mineralization above an intrusive stock.

Iberli project

The Iberli concession application covers a number of outcropping skarns along the faulted contact between granite of probable Jurassic age and Mesozoic limestone. The skarns have been traced discontinuously over a strike of two kilometres with a width at surface of up to 30 metres. The skarns are magnetite rich with sphalerite, galena and chalcopyrite. A state exploration company reported grades at surface and in drill hole of up to 3 per cent copper, 7 per cent zinc, 3 per cent lead and two g/t gold.

Shopur project

The Shopur concession application, covering 19 square kilometres, is close to the operating Buchim porphyry copper mine. Magnetite skarns outcrop on the licence and sampling by Euromax have reported up to three g/t gold. The property has potential for base metal gold skarns and porphyry copper mineralization in a poorly exposed terrain between the skarn and the Buchim open pit.

The Iberlie and Shopur prospects are covered by applications and have not yet been awarded to PDX. The award is subject to government approval.

Planned program

Euromax plans a program of geophysics (induced polarization, resistivity and magnetics) and diamond drilling at Ilovitza commencing in June, 2007. At Kazandol trenching and permitting for reverse circulation drilling are in progress.

Quality control and assurance

All of the work reported herein was undertaken by PDX unless otherwise specified. Samples were assayed at Eurotest Control AD and American Assay Laboratories, Nevada, both ISO 9001 accredited laboratories. The company understands that PDX used industry standard quality control procedures and believes these results to be reliable.

John Menzies, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this release.

Euromax to acquire five properties in Serbia

2007-06-14 12:41 MT - News Release

Mr. John Menzies reports

EUROMAX OPTIONS FIVE PROPERTIES IN SERBIA

Euromax Resources Ltd. has executed an option agreement with Phelps Dodge Exploration Corp. (PDX), a subsidiary of Freeport-McMoran Copper & Gold Inc., to acquire all of the issued capital of Company for Mining and Geology South Danube Metals Beograd (SDM). Under the terms of the agreement Euromax has an option to acquire a 100-per-cent interest in SDM, subject to exclusion of one of the SDM licences, by the issuance of 2.4 million shares of Euromax. In order to exercise the option Euromax must meet licence requirements and complete a $1.5-million (U.S.) exploration program over three years. PDX retains a one-time back-in right on each of SDM's licences, wherein PDX may elect to earn a 70-per-cent interest, after Euromax has completed 10,000 metres of drilling on any such licence. In order to earn its interest PDX must repay Euromax twice its exploration expenditure on that licence and finance the property though completion of a final feasibility study. This transaction is subject to regulatory approval.

Rudnitza property

The Rudnitza licence is located in the 500-square-kilometre Rashka mineral field. The licence covers Jurassic serpentinite and Tertiary andesitic volcanics intruded by diorite dikes. There are two well-defined mineralized targets at Rudnitza: the Rudnitza copper-gold porphyry and high-grade lead-zinc-silver veins and stockworks.

Mining in the Rudnitza licence area commenced in ancient times as evidenced by more than 130 pits and shafts. Exploration from the 1970s focused on lead-zinc-silver veins which saw the discovery of the Karadak vein lead-zinc-silver deposit just to the north of the Rudnitza licence.

Rudnitza copper-gold porphyry

The Rudnitza copper-gold porphyry consists of a large iron oxide plus quartz vein stockwork zone outcropping over an area of approximately 400 metres by 300 metres. The quartz stockwork, with vein density greater than 30 veins per metre, is developed within a quartz-magnetite alteration zone with biotite at depth. This is surrounded by larger argillic and advanced argillic alteration zones.

In 2004 PDX recognized the potential for porphyry-style mineralization and drilled seven diamond holes in the licence area -- intersecting a mineralized medium-grained porphyritic diorite intrusion at shallow depth.

Diamond drill holes PDRC 04-01, 04-03, 04-04 and 04-07 intersected Rudnitza porphyry copper-gold mineralization, with PDRC 04-03 intersecting 144 metres of 0.62 per cent copper equivalent or 1.06 grams per tonne (g/t) gold equivalent (0.40 per cent copper and 0.38 g/t gold) from the base of oxidation to total depth of 244 metres.

A significant portion of the prospective quartz stockwork zone in plan and at depth remains untested.

 
            RUDNITZA COPPER -- GOLD PORPHYRY INTERCEPTS 
  
              Depth      From      To   Intercept  Cu   Au  CuEq AuEq 
 Drill hole     m          m        m       m      %   g/t   %   g/t 
  
 PDRC 04-01    171        5      170       165    0.17 0.20 0.28 0.48 
                         83       99        16    0.62 0.32 0.80 1.37 
 PDRC 04-03    244               244       244    0.26 0.38 0.50 0.85 
                        100      244       144    0.40 0.38 0.62 1.06 
 PDRC 04-07    345      118      190        72    0.22 0.16 0.31 0.53 
                        244      332        88    0.26 0.44 0.52 0.89 
 

Copper and gold equivalent calculations use metal prices of $1.25 (U.S.)
per pound copper and $450 (U.S.) per ounce gold. Adjustment factors
for differences in relative metallurgical recoveries for gold and
copper have not been be considered and metallurgical recoveries and
net smelter returns are assumed to be 100 per cent.


Base metal veins

While lead-zinc-silver veins are widespread in the region they were not the focus of PDX exploration drilling. A single drill hole, PDRC 04-04, intersected colloform banded galena-sphalerite-pyrite veins peripheral to the Rudnitza copper-gold porphyry with results such as four metres at 20.4 per cent combined lead and zinc and 229 g/t silver from 370 metres. Eight hundred metres to the northeast of PDRC 04-04 lead-zinc veins outcrop in an area of anomalously high lead soil geochemistry.

 
                      RUDNITZA NORTH LEAD-ZINC-SILVER INTERCEPTS 
                                                                           Lead 
                                                                           plus 
               Depth       From        To      Intercept   Lead     Zinc   zinc   Silver 
 Drill hole   (metres)   (metres)   (metres)   (metres)      %        %       %    g/t 
  
 PDRC 04-04     550        161        165          4       1.57    2.67    4.24    16.5 
                           285        293          8       7.11    3.37   10.48   108.0 
                           326        330          4       2.52    0.76    3.28    43.0 
                           370        374          4       9.21   11.19   20.40   229.0 
                           430        432          2       7.82    0.99    8.81   204.0 
                           504        508          4     11.00     0.20   11.20   154.5 
 

Ceovishte property

The 48-square-kilometre Ceovishte licence is located in the Kopaonik district 28 km to the north of the Rudnitza property. At Ceovishte, Jurassic ultrabasic rocks, Triassic schists and carbonates, and Tertiary andesitic volcanoclastics are intruded by Tertiary granodiorite and andesite stocks and dikes. Large areas of intense hydrothermal alteration have been mapped and three base and precious metal prospects have been identified.

North prospect: A large area of ancient workings covering 500 metres by 1,500 metres within which zones of magnetite-chalcopyrite mineralization outcrop along the contacts between dikes and silicified serpentinite.

Ceovishte prospect: An inferred porphyry copper target in an area of ancient lead-silver workings covering 800 metres by 400 metres. A strong multielement soil geochemical anomaly which coincides with an altered intrusion and associated ancient workings remains untested.

South prospect: A 200-metre by 200-metre high sulphidation silica breccia body has returned up to two g/t gold in rock chips as well as high arsenic, copper soil values and remains untested.

Brestovac and Durlan Potok

The Brestovac (90 square kilometres) and Durlan Potok (56 square kilometres) properties are located within the Timok magmatic complex and are close to the world-class Bor copper-gold mine. Total metal endowment of the known ore deposits within the Bor-Majdanpek zone, including past production, was estimated by Jankovic et al. (1998) to be over 20 million tonnes of copper and 30 million ounces of gold, with seven million tonnes of copper and 10 million ounces of gold for the Bor and Bor River deposits. The Bor deposit is reported to have contained initial resources of more than 200 million tonnes grading 1.5 per cent copper and 0.8 g/t gold. The licences cover Cretaceous andesite volcanics and volcaniclastics and overlying Miocene and younger postmineral sediments. PDX has conducted geophysics and limited drilling. Geological and geophysical targets remain untested.

Kamena Gora

The 56-square-kilometre Kamena Gora licence covers Mesozoic limestone intruded by Tertiary granitoids. Based on historic data, copper-zinc skarns are developed along the limestone contact with the Tertiary intrusions.

Planned program

Euromax plans to commence a program of geophysical surveying (induced polarization, resistivity and magnetics) drilling, mapping and trenching at Runditza during June, 2007. Drilling at the other properties will follow surface mapping, sampling and trenching.

Quality control and assurance

All of the work reported in this press release was undertaken by PDX. Samples were assayed at Eurotest Control AD and American Assay Laboratories, both ISO 9001 accredited laboratories. The company understands that PDX used quality control standards and blanks and believes these results to be reliable.

John Menzies, a qualified person as defined by National Instrument 43-101, supervised the preparation of the information in this release.

Will MAW fill the gap?

Ya why not just cross a block and CIBC playing in SGN too.

Euromax Resources halted at 10:08 a.m. PT

2007-06-14 11:10 MT - Halt Trading

Euromax Resources Ltd. has been halted at the company's request effective 10:08 a.m. Pacific Time on June 14, 2007, pending news.

The double bottom around 2950 coincides with the 200dma - who knows?

Aurelian Resources to hold special meeting June 20

2007-06-14 10:25 MT - News Release

Ms. Marla Gale reports

AURELIAN RESOURCES INC. ANNUAL AND SPECIAL MEETING - JUNE 20, 2007

Aurelian Resources Inc. will hold its annual and special meeting on June 20, 2007, at 2 p.m. Eastern Time.

To listen to this event, please go on-line.

$1.75 warrant is below the last pp of $2.00 and to think I tried to get in on that

answer was all taken by "institutions"

Seems to be no shortage of .89 for sale

So if the $1.75 warrant is worthless then Troymet is worth .05 for a quarter share?
I wonder if it will be priced at .20?

Here is what Troymet will be, whats it worth?...

Signet will spin out its non-uranium properties into a separate company called Troymet Exploration Corp. created for the spinout and each Signet shareholder will receive 0.25 common share of Troymet for each Signet common share held.

McClarty Lake:



The 596-hectare McClarty Lake Project is located 47 kilometres south-southwest of Snow Lake, Manitoba, within the prolific Flin Flon Greenstone Belt. Under the terms of an option agreement, Signet may earn a 60% interest in two claims (252 hectares) from Hudson Bay Exploration and Development Limited, by incurring certain exploration and option expenditures. Signet owns a 100% interest in the remaining three claims.

The exploration target is a volcanogenic massive sulphide (VMS) deposit similar to those of the Snow Lake camp. Four drill holes that tested the target area intersected chloritic and sericitic alteration and semi-massive pyrite, a typical mineral assemblage peripheral to VMS deposits in the Snow Lake area. The best intersection to date is 4.17 g/t gold and 8.48 g/t silver over 4.0 metres.

A Time Domain EM (TEM) survey identified a potential massive sulphide horizon over a strike length of approximately 600 metres. Diamond drilling in winter 2007 tested the conductor system over a 400 m strike length and intersected semi- to massive pyrite and with chalcopyrite and pyrrhotite over 0.3 to 7-metre widths in 4 of 5 holes. Assays results are pending.

Golden Eagle:



The Golden Eagle project is located within the Tintina Gold Belt in northwest British Columbia near the Yukon-BC border. The project covers 8,178 hectares of highly prospective ground over a distance of approximately 25 kilometres. The property offers excellent discovery potential for a variety of multi-million ounce precious metal deposits including Pogo, Eskay Creek and Fort Knox-type deposits. The Company controls a 100% interest in the project through a mix of 100% owned claims and optioned claims.

Key:

The Key project (2,911 hectares) is located southwest of Vanderhoof, British Columbia.



The project covers an area of anomalous lake sediment geochemistry centered on a sequence of basaltic to rhyolitic volcanics possibly preserved within a graben. The geological setting has strong parallels with Eskay Creek. A summer 2006 program of prospecting and lithogeochemical sampling is planned.

Wheatcroft Lake:

Signet is seeking a partner on the Wheatcroft Lake project (1,373 hectares), which is located west of Leaf Rapids, Manitoba. The project hosts a large, folded, epigenetic, sulphide and gold mineralized system of approximately +2 kilometres lineal extent. Diamond drilling on the fold nose intersected widespread shallow, low-grade gold mineralization up to 0.26 g/t gold over 13.8 metres (Marksmen Resources Ltd. press release April 21, 1998). Large areas of the horizon remain to be drill tested.

Would be nice to see this turn around.
SGN priced at .94 CHX now .05 for warrant and spin-out company i guess

ISX Phase 2...

Conditional upon favorable outcomes from Phase 1, continue studies to confirm and expand the
resource base and complete a Preliminary Feasibility study that includes:

1. Select the location and drill at a minimum one surface drill hole and that should promising
results be obtained the drill hole be cased as a potential solution-mining pilot test hole;

2. Expand the 2D recon seismic evaluation to the Bethune pilot test area and to the south of
the permit area;

3. Complete geotechnical and solubility testing of core;

4. Complete permitting, process design, and marketing studies; and

5. Complete a Prefeasibility Study to support definition of Mineral Reserves.

Phase 2 is estimated to cost between $2.5 million to $4.5 million depending on the number of holes
drilled.

Posted now further from my quote (page 8 of 108)...

Specific recommendations for a phased development include:

Phase 1

1. That the core from the five cored holes within the Permit Area be re-logged to confirm lithology,
mineralogy and other geological and mining factors and a number of ‘check” assays be taken to
confirm the historical assay record. The re-logging of the core should be accomplished under
the direction of the authors or by a registered Professional Geologist or Professional Engineer
with experience in potash geology and/or mining engineering, especially as applied to solution
mining. Estimated cost $75,000.

2. Complete geomechanical testing of select intervals of the available core to establish site specific
mechanical and thermo mechanical properties for future recommended scoping studies.
Estimated cost $100,000.

3. That the company purchase, examine, and, if required, reprocess existing “2D” reflection seismic
trade data from the area surrounding the Findlater Pilot Test area. Estimated cost for up to 25
miles of trade data $75,000;

4. That after review of the trade seismic data, the company shoot up to 20 miles of new “2D”
reflection seismic survey in the vicinity of the Findlater Pilot Test area. Estimated cost
$300,000; and

5. Undertake a Scoping (Order of Magnitude) Study to accurately estimate the permitting, mining,
processing, transport, and marketing costs for project development. Estimated cost $300,000.

Phase 1 is estimated to cost approximately $850,000 and could be completed in one calendar
year.

that pissy little JNN order yesterday is really paying off!

Ya get together a few guys for a game of golf and anything is possible

Yup...

"probability of more favourable economics using an open pit mine design"

"Many of the intercepts listed above contain narrower higher-grade zones. For example, the intercept in hole HU-043 listed above contains a zone of 2.04 per cent U3O8 over 7.5 metres, which includes 10.59 per cent U3O8 over 0.5 metres. Other significant higher-grade intercepts include 0.99 per cent over 11.4 metres in hole HU-61, 1.58 per cent U3O8 over 5.2 metres in HU-065 and 1.97 per cent U3O8 over 3.85 metres in HU-037, which includes 5.27 per cent U3O8 over 0.55 metres"

Alcan Intends to Seek Rival Bidder to Counter Alcoa Hostile Offer

By Ross Marowits 13 Jun 2007 at 01:20 PM GMT-04:00

http://www.resourceinvestor.com/pebble.asp?relid=32923

MONTREAL (CP) -- American aluminum company Alcoa Inc. [TSX:AL; NYSE:AL] remains in the driver's seat to complete a hostile takeover of Canadian rival Alcan Inc. [NYSE:AA] even though other global mining companies are circling overhead, says an industry analyst.

'I'm just waiting for Alcan to find a white knight and so far I haven't seen it,' Charles Bradford of New-York based Soleil Securities said in an interview.

On Wednesday, Alcan reinforced its intention to find another major manufacturer to either boost the selling price or help it fend off the Alcoa bid.

Christel Bories, Alcan's CEO of engineering products units, said at a news conference in Paris that the company's board is working on options other than Alcoa, noting large mining companies such as Australian mining giant BHP Billiton [NYSE:BHP] are flush with money.

But Bradford said none of the other suitors mentioned to date can produce the synergies offered by Alcoa or would likely have an interest the downstream packaging or aerospace divisions of either North American company.

Alcoa has said it expects to be able to squeeze about US$1-billion in cost savings from the merger.

With no other bid currently on the table, Alcoa is under no pressure to boost its bid, he said. It has an US$8 billion cushion after using just US$22 billion of the US$30 billion it has borrowed for its current offer.

'They have the wherewithal to raise the bid and counter BHP if BHP does make a bid,' Bradford said.

In fact, Alcoa CEO Alain Belda hinted as much when he told reporters in May that he was prepared for any eventuality.

Alcan spokeswoman Anik Michaud downplayed the comments from Bories, describing them as 'old news.'

'It's what we've been saying since day one,' she said from Paris. 'We are considering all of our options.'

Last month, Alcan rejected Alcoa's hostile C$27-billion cash-and-shares offer. Alcan chief executive Dick Evans has said the company is talking with third parties about 'various other transactions.'

Alcan officials were in Paris ahead of the international air show to announce it has won a new long-term agreement to supply European aircraft maker Airbus, a shot across the bow of Airbus supplier Alcoa.

Montreal-based Alcan did not disclose financial terms of the 'multi-year' contract with Airbus, citing competitive factors.

The deal covers a variety of plate, sheet and stringer products, along with small extrusions and tubes for planes including the superjumbo A380 and the new A350 XWB.

The Airbus deal with Alcan comes just over two years after competitor Alcoa, the world's biggest mining company, declared that the first flight of A380 'took with it more new Alcoa products and solutions than any other aircraft in Alcoa's 100-plus years of aviation history.'

At that time, Alcoa said it had signed a long-term supply deal with Airbus worth nearly C$2 billion. At the same time Alcan described itself as a 'major supplier' to the A380 project.

Bradford said he wasn't surprised by Alcan's deal with Airbus given its Issoire facility in France acquired with the purchase of Pechiney.

'I would be shocked if they didn't have a big Airbus deal. They have the facilities in France to do this.'

On Wednesday, Alcan shares closed up 74 cents to C$88.47 on the Toronto Stock Exchange, with a 52-week high and low of C$94.25 and C$41.78.

The company's shares hit the new high on May 28 as speculation mounted about a possible bid by Anglo-Australian mining company Rio Tinto PLC [NYSE:RTP].

Other reports have said Norsk Hydro ASA of Norway [NYSE:NHY] was preparing a US$30-billion-plus proposal.

Bear Stearns analyst Anthony Rizzuto Jr. downgraded Alcan's shares Tuesday, saying the company is unlikely to attract a bidder to rival Alcoa.

Rizzuto said Alcan could make a counteroffer for Alcoa, with a greater mix of stock versus cash. He said Alcan could make a US$50 per share offer for Alcoa and still boost per share earnings next year.

Aluminum aviation products have lost some popularity in recent years as the industry shifts to high-technology plastic-based composite materials that promise to reduce weight.

In the Airbus announcement, Alcan's aerospace and transport operations president Jean-Philippe Cael was positive about aluminum's future in airframes despite a growing focus on the use of lighter composite materials for the manufacture of wings and fuselage.

'We believe that new alloys, combined with innovative design and joining techniques, will ensure that aluminum applications remain competitive for aerospace structures in the foreseeable future,' Cael said.

Sprott likes the news, now if TD stops selling

130k cross by Sprott

Navasota begins drilling AMIG project in West Africa

2007-06-13 12:20 MT - News Release

Mr. James Gillis reports

NAVASOTA HAS COMMENCED DRILLING ON ITS BAUXITE PROJECT, REPUBLIC OF GUINEA, WEST AFRICA

Navasota Resources Ltd. has begun drilling on the AMIG project in the Boke bauxite belt in northwestern Guinea, West Africa. Navasota has the right to earn a 100-per-cent interest in the AMIG permit which covers 1,064 square kilometres in the prefectures of Telemele and Gaoual. Navasota has retained RSG Global Consulting of Perth, Australia, to manage the program and has contracted West African Drilling Services (WADS) to conduct air core drill testing of the bauxite plateaus.

RSG Global Consulting has recommended a first-pass air core drilling program at 300-metre-to-600-metre spacing over plateaus identified by a spectral and topographic analysis of Aster satellite imagery. That study has ranked various targets based on interpreted geomorphology, with residual bauxite plateaus ranking highest. Drilling will consist of shallow holes, 10 to 20 metres in depth, with samples collected at one-metre intervals downhole and logged.

The mineral exploration permits are situated in the Boke bauxite belt of northwestern Guinea. The Boke bauxite belt hosts the world's largest and highest-quality bauxite deposits with grades of 40 per cent to 60 per cent aluminum oxide.

The permit area is located in a very good neighbourhood, being directly surrounded by several of the world's major bauxite miners. Three refineries have been proposed for construction in the Boke belt in the next five years, all of which would be within close proximity to the AMIG permit area. As well, an existing railway line is located approximately 16 kilometres from the site. This line is apparently commercially available and runs an additional 135 kilometres to the port of Kamsar.

I liked 20:38...

"we have the lowest carry-over of all grains relative to consumption in recorded history
so the people who are still trying to explain this as purely due to ethanol are out to lunch and the cost of lunch is going up"

time for Don Coxe!

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

np I have done the same thing before.

Canada StockWatch subscription. No time to do a bunch of editing, email me and I can send you it.

tackleronihub

yahoo.com

House positions since the strike...

	 
 	Exch	House	Bought	$Value	Ave		Sold	$Value	Ave		Net	$Net 
 	V 	41  Standard 	1,349,600 	2,805,362 	2.08 		176,200 	419,598 	2.38 		1,173,400 	-2,385,764  
 	V 	33  Canaccord 	10,245,091 	21,749,547 	2.12 		9,136,755 	19,550,374 	2.14 		1,108,336 	-2,199,173  
 	V 	67  Northern 	1,861,000 	3,770,647 	2.03 		804,850 	1,681,903 	2.09 		1,056,150 	-2,088,744  
 	V 	2  RBC 	3,067,500 	6,614,271 	2.16 		2,369,419 	4,874,833 	2.06 		698,081 	-1,739,438  
 	V 	19  Desjardins 	3,106,150 	6,321,640 	2.04 		2,432,400 	4,925,700 	2.03 		673,750 	-1,395,940  
 	V 	79  CIBC 	4,111,561 	8,047,128 	1.96 		3,540,029 	7,769,708 	2.19 		571,532 	-277,420  
 	V 	59  PI 	767,500 	971,768 	1.27 		388,450 	658,409 	1.69 		379,050 	-313,359  
 	V 	75  MGI 	1,613,800 	2,916,204 	1.81 		1,267,800 	2,585,264 	2.04 		346,000 	-330,940  
 	V 	80  National Bank 	7,018,481 	15,220,035 	2.17 		6,723,651 	14,872,587 	2.21 		294,830 	-347,448  
 	V 	88  E-TRADE 	2,449,032 	5,357,043 	2.19 		2,213,990 	4,652,520 	2.10 		235,042 	-704,523  
 	V 	73  Sprott 	200,000 	300,165 	1.50 		0 				200,000 	-300,165  
 	V 	37  MacDougall 	317,035 	575,771 	1.82 		126,000 	257,583 	2.04 		191,035 	-318,188  
 	V 	9  BMO Nesbitt 	2,659,250 	5,837,525 	2.20 		2,495,200 	5,096,087 	2.04 		164,050 	-741,438  
 	V 	27  Dundee 	712,403 	1,456,504 	2.04 		642,600 	1,198,984 	1.87 		69,803 	-257,520  
 	V 	15  UBS 	178,040 	375,799 	2.11 		123,640 	210,271 	1.70 		54,400 	-165,528  
 	V 	3  Tristone 	84,000 	177,450 	2.11 		30,000 	115,428 	3.85 		54,000 	-62,022  
 	V 	5  Penson 	2,694,100 	5,995,532 	2.23 		2,649,900 	5,940,152 	2.24 		44,200 	-55,380  
 	V 	81  HSBC 	275,230 	611,758 	2.22 		244,685 	510,112 	2.08 		30,545 	-101,646  
 	V 	71  Brant 	25,000 	85,750 	3.43 		0 				25,000 	-85,750  
 	V 	66  Pope 	23,000 	52,861 	2.30 		0 				23,000 	-52,861  
 	V 	64  Octagon 	94,800 	244,554 	2.58 		77,300 	199,245 	2.58 		17,500 	-45,309  
 	V 	39  Merrill Lynch 	21,000 	37,950 	1.81 		4,000 	9,560 	2.39 		17,000 	-28,390  
 	V 	124  Questrade 	1,219,266 	2,867,866 	2.35 		1,202,266 	2,828,273 	2.35 		17,000 	-39,593  
 	V 	60  Man Fin 	6,000 	13,895 	2.32 		0 				6,000 	-13,895  
 	V 	43  Caldwell 	5,000 	10,250 	2.05 		0 				5,000 	-10,250  
 	V 	10  FirstEnergy 	90,000 	230,286 	2.56 		85,000 	252,450 	2.97 		5,000 	22,164  
 	V 	31  Dominick 	125,000 	295,795 	2.37 		120,000 	294,820 	2.46 		5,000 	-975  
 	V 	14  ITG 	3,800 	5,320 	1.40 		0 				3,800 	-5,320  
 	V 	48  Laurentian 	3,150 	8,585 	2.73 		500 	740 	1.48 		2,650 	-7,845  
 	V 	70  Berkshire 	1,500 	2,535 	1.69 		0 				1,500 	-2,535  
 	V 	57  Interactive 	7,000 	9,741 	1.39 		6,250 	5,512 	0.88 		750 	-4,229  
 	V 	63  Byron 	4,000 	5,760 	1.44 		4,000 	5,840 	1.46 			80  
 	V 	42  Global Maxfin 	6,500 	22,270 	3.43 		7,500 	25,829 	3.44 		-1,000 	3,559  
 	V 	92  Pollitt 	4,000 	11,865 	2.97 		5,000 	9,680 	1.94 		-1,000 	-2,185  
 	V 	25  Odlum 	45,000 	124,100 	2.76 		47,250 	133,620 	2.83 		-2,250 	9,520  
 	V 	95  Wolverton 	423,100 	819,401 	1.94 		425,700 	806,551 	1.89 		-2,600 	-12,850  
 	V 	145  Woodstone 	158,500 	319,997 	2.02 		167,000 	389,374 	2.33 		-8,500 	69,377  
 	V 	99  Jitney 	1,100,500 	1,813,865 	1.65 		1,109,500 	1,796,093 	1.62 		-9,000 	-17,772  
 	V 	94  Hampton 	38,400 	129,144 	3.36 		50,000 	78,852 	1.58 		-11,600 	-50,292  
 	V 	68  Leede 	124,100 	346,503 	2.79 		138,450 	397,158 	2.87 		-14,350 	50,655  
 	V 	44  Jones Gable 	670,300 	1,432,611 	2.14 		688,600 	1,475,607 	2.14 		-18,300 	42,996  
 	V 	6  Union 	645,500 	1,309,093 	2.03 		668,350 	1,510,323 	2.26 		-22,850 	201,230  
 	V 	78  Salman 	250,000 	459,995 	1.84 		290,000 	576,558 	1.99 		-40,000 	116,563  
 	V 	62  Haywood 	1,605,200 	3,592,521 	2.24 		1,656,450 	3,350,577 	2.02 		-51,250 	-241,944  
 	V 	93  Toll Cross 	0 				75,000 	293,100 	3.91 		-75,000 	293,100  
 	V 	121  Jennings 	170,500 	273,776 	1.61 		249,000 	698,433 	2.80 		-78,500 	424,657  
 	V 	17  Integral 	50,000 	106,616 	2.13 		133,500 	210,262 	1.57 		-83,500 	103,646  
 	V 	58  Nomura 	124,490 	333,698 	2.68 		215,150 	409,949 	1.91 		-90,660 	76,251  
 	V 	11  Orion 	336,200 	689,955 	2.05 		495,900 	911,914 	1.84 		-159,700 	221,959  
 	V 	46  Blackmont 	847,200 	1,841,746 	2.17 		1,021,550 	2,292,634 	2.24 		-174,350 	450,888  
 	V 	36  Latimer 	5,488,309 	13,159,492 	2.40 		5,665,170 	13,755,204 	2.43 		-176,861 	595,712  
 	V 	74  GMP 	239,700 	608,417 	2.54 		418,700 	680,305 	1.62 		-179,000 	71,888  
 	V 	141  Bolder 	1,000,500 	2,054,674 	2.05 		1,190,100 	2,898,754 	2.44 		-189,600 	844,080  
 	V 	85  Scotia 	1,425,804 	3,092,099 	2.17 		1,617,135 	3,263,265 	2.02 		-191,331 	171,166  
 	V 	54  Global 	923,700 	1,867,660 	2.02 		1,240,500 	2,717,875 	2.19 		-316,800 	850,215  
 	V 	16  Paradigm 	0 				377,700 	802,660 	2.13 		-377,700 	802,660  
 	V 	98  NBC 	235,700 	450,445 	1.91 		656,700 	1,309,167 	1.99 		-421,000 	858,722  
 	V 	89  Raymond James 	627,749 	1,345,860 	2.14 		1,049,261 	2,341,499 	2.23 		-421,512 	995,639  
 	V 	7  TD Sec 	14,503,794 	31,132,673 	2.15 		14,967,834 	31,826,000 	2.13 		-464,040 	693,327  
 	V 	83  Research Cap 	496,000 	1,001,141 	2.02 		1,177,250 	2,139,553 	1.82 		-681,250 	1,138,412  
 	V 	1  Anonymous 	15,928,800 	34,848,255 	2.19 		19,138,700 	40,146,420 	2.10 		-3,209,900 	5,298,165  
 	 	Total	 91,807,835 	 196,163,169 	 2.14		91,807,835	 196,163,169 	 2.14 		0	0 
 

From the news release...

"ISX has obtained a National Instrument 43-101-compliant technical report dated Feb. 8, 2007, on the permit area from Agapito Associates Inc. (AAI) of Grand Junction, Colo., USA, co-authored by Dr. Michael Hardy, PE, of AAI and Steven Halabura, PGeo, of North Rim Exploration Ltd. of Saskatoon, Sask. Dr. Hardy is independent of the company in accordance with NI 43-101 and Mr. Halabura is not independent of the company in accordance with NI 43-101."

Your assessment is wrong, reread your quote. He is only the company representative who is NI 43-101 qualified to make sure the news release is compliant.
The report itself was done by Agapito at arms length all explained in the news release. Maybe start following just a bit closer.

Just looked at SEDAR and nothing is there yet:

"The report has been accepted by the exchange and is available for review under the company's profile on the SEDAR website."

Next thing to find out is whats in store this summer:

"undertake further work designed to confirm the quality of the potash mineral resource within the permit area and, furthermore,
to determine the quality, quantity and extent of the potash resource in the areas surrounding the Findlater and Bethune pilot test areas."

Thats a haircut from what was posted on the Agapito site, they have factored in a lot of realistic mining discounts and are only talking about the test sites.

maybe time to watch the insider trading for buying but maybe all insiders are fat pigs by now

tried for 2.43 but i was a little late

Thanks, ya I like maps too kind of goes with the travel bug.