added another gold mine today CGFIA mining sectors seem to be the best buys now, the green companys are haveing to much trouble getting off the ground
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June 19, 2009
Joint Venture Agreement Signed For North Sleeper (NV) Gold Project
--------------------------------------------------------------------------------
Further to the Company's May 27 news release (NR #09-04), Aurelio Resource Corporation (OTCBB : AULO, Frankfurt : F3RA) is pleased to report that C3 Resources, Inc. ("C3") has entered into a joint venture agreement with Montezuma Mines Inc. for the North Sleeper gold project, located in Humboldt County, Nevada. North Sleeper is one of ten gold projects in Nevada comprising more than 1,800 unpatented mining claims that were acquired by and assigned to Aurelio from C3 in a transaction that closed on June 15, 2009.
The North Sleeper gold project consists of 52 unpatented mining claims located in Sections 3, 4, 9, 10 and 11 in T40N, R35E that were originally acquired by C3 from CARACOL, a private Nevada company, in a mining lease entered into with C3 on December 7, 2006.
North Sleeper is adjacent to the Sleeper gold mine (currently owned by X-Cal Resources Ltd.), which produced over 1.6 million ounces of gold between 1986 and 1996. This project covers the north and northeast extensions of the mine structures, and the land being acquired by Aurelio has the potential to host high-grade vein and bulk mineralization similar to the Sleeper and Midas gold mines.
Terms of the Joint Venture
Montezuma Mines Inc. ("Montezuma"), a wholly-owned subsidiary of CMQ Resources Inc. (TSX-V : CMQ), can earn a 55% interest in the North Sleeper project by paying $15,000 cash at signing and spending $3 million on exploration work over a six-year period:
Year Required Expenditure
1 $50,000
2 $300,000
3 $400,000
4 $600,000
5 $650,000
6 $1,000,000
Upon being vested at the 55% level, Montezuma can earn an additional 10% interest by completing a Bankable Feasibility Study and spending an additional $1.5 million over three years; a final 5% interest can be obtained should Montezuma elect to arrange production financing.
Montezuma will be responsible for maintaining the North Sleeper property, including payment of all applicable taxes, annual maintenance fees on the BLM claims, and annual payments to CARACOL pursuant to the underlying lease.
CARACOL will retain a 3% NSR interest in the North Sleeper project, although the joint venture will have the opportunity at any time to purchase two "points" of the CARACOL royalty (with each "point" being equal to 1% of net smelter returns) on a sliding scale based on gold prices.
There are no finder's fees or commissions payable in regards to this transaction.
Exploration results from North Sleeper will be reported to shareholders when and as received by Aurelio.
On behalf of the Board of Directors,
Stephen B. Doppler
President & CEO
303-795-3030
800-803-1371
James444ct are you still in srsr I am and have added a little more yesterday and I'll try and add on any pull backs.
and go to there web site if you want more or even give them a call!
here's a tid bit.
Currently 42,412 tons of ore grading 28% antimony and 0.408 oz gold/ton and containing 11,880 tons of antimony metal and 17,300 oz of gold are disclosed in our Qualified Person's Report of January 1, 2009 (also known as a Canadian National Instrument 43-101 qualified Pre-feasibility Report).
Using a gold price of $US 700/oz with antimony at $2.25/lb as well as recoveries of 90% for gold and 85% for antimony, this reserve represents $US 56.3 Mln. The Qualified Person's summary of relevant operating costs is $US 22.2 Mln. The pre-tax profit therefore is $US 34.1 Mln. Except for a State Mining Tax of $US 0.8 Mln, corporate taxes are offset by the Company's $US 35 Mln tax loss carry-forward.
I'll try and add on some more today it's holding preaty good at this level
trying to get some more cash in so I can pick up some more at these prices. onece it brackes out it'll probly have a good run befor it stalles out again.
chaga chaga up we go the grade of gold is heavy
added his name into the I-Box
as long as the lows keep being higher that the previous lows things are good and up we go. higher lows thats all I want to see
January 1, 2009 NI 43-101 Pre-Feasibility Analysis Amended June 1, 2009 to Reflect Additional Data
Vancouver, British Columbia, June 2, 2009 - Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt: SLGL) (www.silverado.com) ("Silverado") has amended its pre-feasibility analysis of January 1, 2009 entitled, "Update of Mineral Resource and Reserve Estimates and Preliminary Feasibility Study, Workman's Bench Antimony-Gold Lode Deposit, Nolan Creek, Wiseman B-1 Quadrangle, Koyukuk Mining District, Northern Alaska, January 1, 2009" or "Technical Report." These amendments are being made in response to review comments by the British Columbia Securities Commission (BCSC). Certain material changes are shown below:
The Economic Analysis Chapter (Section 18.9) was clarified by the qualified person (QP) in the amended Technical Report to include: 1) an explanation of metal price forecasts; 2) analysis of depreciation and sunken costs; 3) a review of the effect of variable interest rates on the economic model; and 4) multiple scenarios for the Base Cash Flow case study.
In the Base Cash Flow case study, assuming an antimony (Sb) price of US$2.25 per pound and a gold (Au) price at US$700 per ounce, a seasonally operated 125 tons per day concentrating plant could ship stibnite concentrates during a five year mine development period. The net present value (NPV), using a 4.0 percent interest on investment, amounts to US$7,589,441. An NPV, using a 6.0 interest rate on investment, is US$6,478,071. The internal rate of return (IRR) is calculated to be 31.2 percent for the Base Cash Flow case study. Other alternative assumptions were modeled including 1) reduced metal recovery; 2) ore dilution; 3) reduced metal recovery coupled with dilution of ore. All of these scenarios generated IRR values ranging from 25.2 to 29.4 percent, and all indicated positive NPV values, and favorable return on investment. Price sensitivity assumptions were also further explored in the economic analysis, which confirmed that antimony drives the project.
The QP also chose to modify inferred Sb and Au resources estimates on the Pringle Bench, which results in amendments to Figure 17.10, Table 17.15 (page 103), Table 17.16 (page 107), and Table 1.3 (page 16), of the Technical Report which may be viewed on www.sedar.com, www.sec.gov/edgar.shtml or the Company's website, www.silverado.com. The changes were made upon further review of the distance between drill control points used in a polygonal analysis of the inferred resources on Pringle bench. As a result, inferred resources in the Nolan Creek area as reported in the Technical Report changed from 27,697 tons grading 12.26 percent antimony and 0.230 oz/ton gold to 24,077 tons grading 12.45 percent antimony and 0.245 oz/ton gold. This results in reductions of 12 percent and 8 percent of in-place inferred resources of antimony and gold respectively.
The measured reserve estimates on Workman's Bench, on which the pre-feasibility study was based, have not changed.
The amended inferred resource estimates for the Pringle Bench and Nolan areas are shown below:
Summary of Amended Inferred Antimony and Gold resources from 'A' and 'West' Zones, Pringle Bench
Category
Cut-Off Grade (% Sb)
Quantity
(tons)
Grade
(% Sb)
Metal
(ton Sb)
Grade
(oz/ton Au)
Metal
(oz gold)
'A' Vein Inferred
4.0
737
29.13
214.7
0.113
83.4
'West' Vein Inferred
4.0
1,951
9.86
192.3
0.049
94.7
TOTALS
4.0
2,688
15.14
407.0
0.067
178.1
Notes:
The effective date of these resources is January 1, 2009; amended June 1, 2009
Rounding may result in some discrepancies.
No processing recovery factors have been applied to these resource figures.
The unit ton refers to short tons.
Cut-off grade is 4.0% Sb 'equivalent', which is the combined
values of gold plus antimony expressed in terms of antimony
Silverado's amended, inferred lode mineral resources, Nolan Creek area
Resource Category
Cut-off grade
(% Sb)
Quantity
(ton)
Grade
(% Sb)
Metal
(ton Sb)
Grade
(oz/ton Au)
Metal
(oz Au)
Inferred
4.0
24,077
12.45
2,997.6
0.245
5,894.7
Notes:
The effective date of these resources is January 1, 2009; amended June 1, 2009.
Rounding may result in some discrepancies.
No processing recovery factors have been applied to these resource figures.
The unit ton refers to short tons.
Cut-off grade is 4.0% Sb 'equivalent', which is the combined values of gold plus antimony expressed in terms of antimony
Other Amendments to the Technical Report made by the QP include: 1) the addition of permitting and regulatory information in Sections 4.3 and 18.5; 2) clarification of data presented in the Mineral Processing and Metallurgical Testing (Section 16); and 3) providing a project budget estimate for a 5,000 foot core drilling program that was recommended in Section 20 of the January 1, 2009 Technical Report. The drill program will seek to add further confidence to Sb and Au resource estimates on Workman's Bench and Pringle Bench.
Assumptions, Methods, and Parameters
The QP estimated mineral resources using the following steps:
Personal inspection of both Workman's Bench lode-style and the Nolan Creek placer-style gold properties during 1994, 1999, 2004, and 2006 to 2008.
Database compilation and data validation.
Geological interpretation and modeling.
Compositing assay intervals to a common length.
Determination of average material density for both lode and placer properties.
Analysis of grade variability.
Polygonal estimation of grade by compositing of sample assay information taken within designated widths and lengths of mineralized zones.
Assignment of appropriate cut-off grades, the lowest grade that can be mined economically.
Classification of confidence in the estimates with respect to CIM (2005) guidelines.
Mineral resource tabulation and validation of the resource estimate.
Data Verification
During numerous personal inspections of the Nolan Creek properties (2007 to 2008) the QP has observed sample collection and sample preparation practices for lode-style deposits.
On June 13 and 14 and September 28 and 29, 2008, the QP visited Nolan Camp and examined all significantly mineralized core intervals acquired from the 2007 and 2008 exploration of the Workman's Bench property. A total of 124 mineralized intervals were examined. The analytical data was compared with each of the mineralized zones to confirm the elevated antimony and gold values in the sampled intervals.
Drill core intervals were checked through re-assay and inspection. The QP is satisfied that the sampling and analysis of drill core was carried out in a sound manner.
Selected field duplicates of sampled intervals, two from underground channels, and one from a trench, were submitted by the QP to an umpire laboratory (Alaska Assay Laboratories LLC) to check analytical results from ALS Chemex. In as much that the samples are collected by different individuals at different times and analyzed by different labs, the QP judges that results from this limited comparison indicate acceptable levels of bias and accuracy for gold and antimony values and confirm the existence of mineralization.
Qualified Person
The information contained in this news release was prepared by Thomas K. Bundtzen, P.Geo, BS, MS, CPG-10912, ABSLN # 279639, President of Pacific Rim Geological Consulting, Inc. of Fairbanks, Alaska, who is independent of the Company as defined by NI 43-101. Bundtzen is a Certified Professional Geologist with the American Institute of Professional Geologists. Bundtzen is a "Qualified Person" as defined by NI 43-101 and also qualifies under the rules stated by the U.S. Securities and Exchange Commission ("SEC"), and has verified the data contained in this news release for accuracy.
i sold some woscy and did not get around to add any here might try wed I still have some woscy you should look them over
moving on up I can almost hear the song
thats what I had to do to get some powder sold a slow one.
lets hold this level for a new support and I'll be buying some more.
Picked up some more today buy on these dips any time it drops for 3 days I start picking up more I dont think any of us can go wrong in this one
All A Board the train to wealth is leaveing the station.
we're starting to get higher lows as the days go buy maybe a bottom has been made
I'll be looking for a re test of the lows that its been setting on if it stops and finds resistance there then I'll add more. I feel I missed this move but if a true bottom has been made then it should retest these lows. If it starts making higher lows in the waves then I add at a higher point
James444ct I add more got them at .012
good catch watch it close it should run for a while they just bought a lot of claims in NV. and they are in a good gold bering location.
come on lets push it to a penny
i thought that the news would start going up
good place to be I will add some thur money will be in my acct by then
I just put it out there for others to see they can make there own game plan up I am just a long time holder in AURC and put my two cents in every now and then. If we go to zero then i'll be out if it goes up then I'll sell maybe when I buy a penny they either make it or break it when you hit a hot one it pays and brings you back.
James444ct 'm building in thisone SLGLF SRSR F SPKL
Aurus Corp. $
AURC
Short Interest (Shares Short) 58,400
Days To Cover (Short Interest Ratio) 1.0
Short Percent of Float %
Short Interest - Prior 23,400
Short % Increase / Decrease 149.57 %
Short Squeeze Ranking™
% From 52-Wk High ($ 0.01 ) %
% From 52-Wk Low ($ 0.00 ) %
% From 200-Day MA ($ 0.00 ) %
% From 50-Day MA ($ 0.00 ) %
Price % Change (52-Week) -45.00 %
Shares Float
Total Shares Outstanding 109,672,000
% Owned by Insiders %
% Owned by Institutions %
Market Cap. $ 603,196
Trading Volume - Today 10,000
Trading Volume - Average 60,600
Trading Volume - Today vs. Average 16.50 %
Earnings Per Share
PE Ratio
Record Date 2009-MayA
Sector
Industry
Exchange NBB
Data Provided Without Warranty
Mission Statement
The mission of ShortSqueeze.com TM is to provide short interest stock market data and services, so our members will be better informed of short selling in the market, track shorts in stocks and gain from the advantages that can be achieved from this valuable market data.
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Silverado Gold Mines Ltd. $
SLGLF
Short Interest (Shares Short) 3,400
Days To Cover (Short Interest Ratio) 0.0
Short Percent of Float %
Short Interest - Prior 192,100
Short % Increase / Decrease -98.23 %
Short Squeeze Ranking™
% From 52-Wk High ($ 0.06 ) %
% From 52-Wk Low ($ 0.01 ) %
% From 200-Day MA ($ 0.01 ) %
% From 50-Day MA ($ 0.01 ) %
Price % Change (52-Week) -74.30 %
Shares Float
Total Shares Outstanding 1,167,724,840
% Owned by Insiders %
% Owned by Institutions %
Market Cap. $ 14,830,105
Trading Volume - Today 1,929,133
Trading Volume - Average 2,800,000
Trading Volume - Today vs. Average 68.90 %
Earnings Per Share -0.01
PE Ratio
Record Date 2009-MayA
Sector
Industry
Exchange BB
Data Provided Without Warranty
Mission Statement
The mission of ShortSqueeze.com TM is to provide short interest stock market data and services, so our members will be better informed of short selling in the market, track shorts in stocks and gain from the advantages that can be achieved from this valuable market data.
Sponsor
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no I don't at this time
thats the one its going to be a hot one imo
I'm looking to add some more to trying to unload some other stock first this SLGLF and the other one that we are in should be getting ready to head north on board for the ride!!
I'm on board and ready to leave shared this company with some other people and they wanted to buy into if they did I think there position is a good one
thiis might be it be on board or stand on the side and watch it leave the station
it's a building I feel that if you want in at a good price now is the time to buy. it might go slow but it will go up that is my opinion
they wern't posters they were pumpers clear as day! they pumped it with old news as if a RS had never thken place. made me want to thro up
May 12, 2009
Silverado Enters a $US 3 Million to $US 100 Million Equity Line of Credit
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Vancouver, British Columbia, May 12, 2009 - Silverado Gold Mines Ltd (OTCBB: SLGLF) (Frankfurt: SLGL) (www.silverado.com) ("Silverado") hereby announces its entry into an equity line of credit agreement with Ashborne Finance Ltd., a British Virgin Islands corporation, pursuant to which Silverado has the right to raise at least $US 3,000,000 and up to $US 100,000,000 through the sale of its common stock over the course of the agreement, and upon execution, immediately raised $US 250,000 of capital pursuant to an initial sale of 25 million common shares at a price of $US 0.01 per share under the agreement. Silverado's president, Garry Anselmo, said: "We anticipate that our entry into this credit line agreement could facilitate the funding of our ongoing business activities in the present difficult economic climate." Shareholders and prospective investors may review Silverado's filings of today's date on EDGAR and SEDAR for more information.
all these flat days are building a support area for next level up
looks like a good place to add some its been holding this level for quite a while I might kick in some more to or on any sell offs I think things could be getting ready to fire off I might spread out my buys in srsr aulo and spkl then I'll be tapped again for a while
they are no where to be found it all most made me want to get sick the way they were pumping it
I've got aulo and I have have bought spkl that i thank will do well as the econo picks back up
we should start rocking here befor long the mother lode just around the coner.