The greatest bull market in Gold in the history of man is before us but 99% of investors will be in the breadline before it's all over
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SLAM Welcomes Spring in the Saint Quentin Gold Fields
Exploration Program Underway on New Gold Discovery
MIRAMICHI, NEW BRUNSWICK--(Marketwire - April 5, 2012) - SLAM Exploration Ltd. (TSX VENTURE:SXL) (OTCBB:SLMF) ("SLAM") is pleased to report it has resumed exploration activities at its recently acquired gold discovery located near Saint Quentin, New Brunswick. Local prospector Tim Lavoie discovered gold-bearing quartz veins in the fall of 2011. SLAM acquired the property through an option agreement and followed up with additional prospecting and trenching in December. The trenching reveals a series of quartz veins in bedrock over a strike length of 250 m. These quartz veins locally contain visible gold and grab samples ranging up to 493 g/t gold were reported by SLAM in a press release dated January 9, 2012.
The current prospecting program is designed to further trace this gold-bearing structure along strike using the same techniques that were successfully employed in December. The SLAM team has already identified a control structure and expects to extend the potential strike extent of this system with this program.
About The SAINT QUENTIN Gold Discovery: SLAM has an option to earn 100% interest in the NW Gold Project which comprises 251 units in 20 claims located near Saint Quentin, in northwest New Brunswick. Combined they cover 6275 hectares of highly prospective sedimentary rocks with favourable gold-bearing structures.
About New Brunswick: New Brunswick is currently rated the world's most attractive jurisdiction for mineral exploration and development, as announced by the Fraser Institute, February 23, 2012. The Province has demonstrated potential for large mineral deposits and can be expected to generate mining operations well beyond the world-class BMS No. 12 mine operated by Xstrata.
Qualifying Statements: SLAM Project Manager Sara Lloyd, P.Geo. is the Qualified Person responsible for the technical information contained herein. Grab samples were collected and sent to Actlabs in Ancaster, Ontario for fire assay.
I'd like to dance on the top for once...
I added again this morning. Still have faith in this company.
UMU-9 Well Test Results
CALGARY, ALBERTA -- (Marketwire) -- 04/03/12 -- Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited (together "the Co-venturers") are pleased to announce the UMU-9 well flow rate test results for the XIIIa, XIIIb, XIIa and X sands.
Flow Test Results
During the commingled test of the XIIIa and XIIIb sands, the well flowed 42 API gravity oil through 3 1/2 inch tubing on a 28/64 inch choke at a flowing tubing pressure of 350 psi. Basic sediment and water (BS&W) was 1.0 % with no associated gas. A stabilized flow rate of 2,576 bopd was recorded from the commingled 16 foot XIIIa and 15 foot XIIIb sands.
The test of the XIIa sand was conducted through the 3 1/2 inch tubing on a 30/64 inch choke at a flowing tubing pressure of 290 psi. The well flowed 35 API gravity oil with BS&W of 0.8% with no associated gas. The 30 foot XIIa sand flowed at a stabilized test rate of 3,600 bopd.
The test of the X sand was conducted through the 3 1/2 inch tubing on a 28/64 inch choke at a flowing tubing pressure of 160 psi. The well flowed 40 API gravity oil with BS&W of 0.6% and an oil/gas ratio of 43 standard cubic feet per barrel. The 10 foot X sand flowed at a stabilized test rate of 1,300 bopd.
As previously announced, the test of the XIV sand was conducted through a 3 1/2 inch tubing on a 32/64 inch choke at a flowing tubing pressure of 480 psi. The well flowed 43 API gravity oil with BS&W of 0.2% and an oil/gas ratio of approximately 90 standard cubic feet per barrel. The 46 foot XIV sand flowed at a stabilized test rate of 4,240 bopd.
The combined flow rate of the five sands tested in the UMU-9 well is 11,718 bopd.
Additional information regarding Mart is available on the Company's website at www.martresources.com and under the Company's profile on SEDAR at www.sedar.com.
Been waiting three years...
AMERIX COMPLETES IP SURVEY OVER GOLD TARGETS AT LIMAO PROPERTY, BRAZIL
April 2, 2012 News Release 2012 - 04
Toronto, Canada: (TSX Venture: APM) Amerix Precious Metals Corporation (“Amerix” or the “Company”) is pleased to provide an update on activities at the Company’s Limão Gold Property, located in the Tapajós Gold Province, Pará State, Brazil. Amerix owns a 100% interest in the Limão Gold Property, which is located along the “Tocantizinho gold trend”.
Amerix recently completed a 3D induced polarization/resistivity geophysical survey (“IP survey”) with SJ Geophysics Ltd. to cover three separate mineralized targets named the South Grid, Limão Pit, and a new zone, the Jambu Zone on two separate grids. The grid locations and IP survey targets are presented in the linked Figure 1 and are described below. The Company awaits the final interpretation of the IP survey to aid its diamond drill program that is planned to begin in the 2nd quarter of 2012.
To view Figure 1 image, please copy and paste URL below into new browser:
http://www.rmcommunicationsinc.com/snapmail/img/file20120402102453.pdf
The South Grid target is characterized by a greater than 20 parts per billion (“ppb”) gold in soil anomaly traceable for 350 metres along an east-west trend and corresponds to gold bearing quartz-sulphide veins hosted along a sheared contact between quartz diorite, diabase, and granite. Rock and soil sample assay results from the shear and veins were outlined in News Releases 2012 – 01 and 2012 – 03. Another target at the South Grid that was tested by the IP survey is a broad, easterly trending, gold in soil geochemical anomaly located 300 metres northeast of the shear.
The main target at the Central Grid, and target of the IP survey, is pyrite bearing syenite that was exploited at the Limão pit by small scale artisanal miners during the 1980’s. As noted in earlier news releases, historic, non 43-101 compliant, diamond drill holes that drilled under the Limão pit returned promising results, such as 47 grams per tonne gold over 13 metres and 18.7 grams per tonne gold over 6.8 metres. During 2009 and 2010, Amerix collected sixteen grab samples of stockpiled pyrite bearing syenite from near the Limão pit that returned assay values between 2.37 and 106.6 grams per tonne gold (0.01 to 3.43 ounces per tonne gold) with an average of 38.13 grams per tonne gold (1.22 ounces per tonne gold). One of those above mentioned sixteen samples was collected from a piece of dumped drill core that contained pyritic fractures in syenite and analyzed 34.77 grams per tonne gold (1.12 ounces per tonne gold).
Gold in soil assay results have recently been received for a new zone, the Jambu Zone, which is located 800 metres northwest of the Limão pit and was also tested by the IP survey. Five hundred and sixty two, 1 metre soil auger samples were collected at the Jambu Zone during 2011 and 2012 within a 300 metre by 300 metre infill grid on 20 metre by 10 metre sample stations. The soil auger samples were analysed for gold by fire assay and outlined a greater than 25 ppb gold in soil anomaly with an ovoidal shape that is elongate to the northwest and measures 340 metres by 225 metres. 21% of those soil samples assayed between 0 to 15 ppb gold, 25% assayed between 15 to 25 ppb gold, 27% assayed between 25 to 50 ppb gold, 18% assayed between 50 to 100 ppb gold, and 9% assayed between 100 to 470 ppb gold. The Jambu Zone is located on a ridge and the soil assay results between 50 to 100 and 100 to 470 ppb gold form the core of the ovoidal anomaly. The Company is currently compiling hand trench, limited outcrop mapping, and deeper manual auger sampling from this zone.
Further to those activities, the Company is pleased to announce it has been granted an additional 1,268 hectares of mineral claims in the form of ‘requests for exploration permits’ by the Brazilian National Department of Mineral Production (DNPM). These requests, as part of the claim staking process, give the claim holder priority to receive the exploration permit that is granted by the DNPM. The 1,268 hectares are comprised of 5 ‘requests’ that are both contiguous and non-contiguous to the Limão Gold Property. The additional claims are outlined in the linked Figure 1 and increase the total hectares of the Limão Gold Property to approximately 11,500.
Mr. Ryan Grywul, P. Geo., and Vice President, Corporate Development for Amerix, and a qualified person as defined in National Policy 43-101 is responsible for all technical information contained in this news release.
Amerix is well funded to complete its first drill campaign at Limão, and is excited by the potential of the Limão Gold Property, located in the historically gold rich Tapajós district of Brazil.
All soil samples were delivered to Acme Labs preparation facility in Itaituba, Brazil where the samples were dried, sieved, and shipped to Acme’s Santiago, Chile laboratory for gold analysis by fire assay with atomic absorption finish on a 50 gram split. Rock samples were delivered to SGS Geosol’s or Acme Labs’ preparation facility in Itaituba. Rock samples prepared by SGS Geosol were crushed, pulverized, split to 50 grams, and shipped to SGS’s assay laboratory in Vespasiano, Brazil for gold analysis by fire assay with atomic absorption finish. Rock samples prepared by Acme were crushed, pulverized, split to 30 grams, and shipped to Acme’s Santiago, Chile laboratory for gold analysis by fire assay with atomic absorption finish. Both SGS and Acme reanalyzed over limit gold samples with a gravimetric finish. Both SGS and Acme are ISO certified laboratories.
Colossus Minerals Provides Operations and Development Update for Serra Pelada
TORONTO, ONTARIO--(Marketwire - April 2, 2012) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI)(OTCQX:COLUF) is pleased to provide an update on the development activities at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. Colossus commenced construction of infrastructure in September, 2010 following receipt of its permits from various Brazilian federal and state authorities in May, 2010. The Serra Pelada Project is a Colossus-COOMIGASP Joint Venture located in Pará, Brazil.
Development Highlights
The following operational and development milestones have been reached:
950 metres of decline development completed; total advance of approximately 1,100 metres including secondary development.
350 metres of development left to reach main mineralization - on track for second half of 2012.
Bulk sample on schedule to be extracted in second half of 2012.
Ground conditions encountered thus far have been better than expected.
Long lead-time items for the processing plant have been ordered and are expected on site during the third quarter of 2012.
15 well dewatering system commissioned in the first quarter of 2012 and progressing smoothly.
Initial NI 43-101 resource and reserve estimate outlining 12 months of mineral reserves on track for first quarter of 2013.
Initial production expected mid-2013.
Claudio Mancuso, President & Chief Executive Officer commented, "We are now a year and a half into construction, and development of the Serra Pelada Project remains on schedule. We are getting closer to extracting a bulk sample and progressing well towards our goal of production in the second half of 2013 with a number of exciting milestones in 2012." Mr. Mancuso further commented, "With $103 million in the bank at the end of 2011 our capital and exploration budgets remain fully funded to production."
Serra Pelada - Construction and Development Update
The Company has now completed approximately 950 metres of decline development to a vertical depth of approximately 135 metres. Primary and secondary development totals 1,100 metres. The Company needs to complete an additional 350 metres of development, 125 metres in the main decline and 225 metres of secondary development, to access the mineralization. The Company remains on track to extract a bulk sample in the second half of 2012 and will provide additional information as it approaches the mineralization and begins to prepare areas for extraction. Over the next 200 metres of advance in the main decline, the Company will establish multiple secondary development headings in order to provide sufficient access for the first full year of production. To provide access for production beyond 2013, development of the main decline will continue throughout 2012 and is expected to be substantially complete by the end of this year.
Development to date has been as expected and the ground conditions in the red siltstone have been predictable. Conventional ground control techniques (scaling, rock bolting, screening and shotcrete application) have been sufficient to ensure a safe mining environment. As the decline moves into the next phase of development and towards the bulk sample in the second half of the year, management will continue to focus on mitigating any risks in development with an increase in the number of rock strength tests as well as the addition of ground movement monitors that will allow the Company to be proactive if the ground conditions should change.
Procurement of mining equipment is 95% complete with 80% of the equipment already on site. Of the 24 pieces of mobile equipment needed for production, 19 are now on site and in operation, four have been ordered with anticipated delivery in the second quarter of 2012, and one remains to be purchased. Of note, is the late February 2012 delivery of a dual boom Sandvik LHD 307, which commenced operation in March 2012 and has helped accelerate the rate of underground decline development. Electrical work progressed during the fourth quarter of 2011 as the site transformer arrived and was installed. Four generators arrived on site early in 2012 and construction of infrastructure necessary to distribute power to new installations on site is proceeding well.
In the fourth quarter of 2011, the first underground drill bay was established in the development decline at Serra Pelada. The drill bay location was designed to be multi-purposed. It has served to conduct geotechnical holes ahead of the advancing decline so that ground conditions can be anticipated. Additionally, two delineation holes have been drilled from this location to date. Within the next 100 metres of advance in the main decline, two additional drill bays will be established which will be used to conduct definition and delineation drilling ahead of the bulk sampling program. Management expects to commission the second underground drill during the second quarter of 2012. This drilling will form the basis for the initial NI 43-101 resource and reserve estimation, which remains on schedule for the first quarter of 2013.
The Company continues to augment its development team. To this end, Colossus is pleased to welcome Lyle Pritchard as General Manager, Serra Pelada. A highly-motivated and safety-minded mine operations manager with practical and progressive experience in all aspects of management and underground mining methods, Mr. Pritchard brings a wealth of experience from his years at Barrick's Bulyanhulu Mine in Tanzania and more recently at Goldcorp's Marlin Mine in Guatemala and AuRico's El Cubo Mine in Mexico. Recognized as being an experienced operator in challenging underground mining conditions, he is a strong addition to the operating team.
In addition, the Company continues to work closely with P&K Projetos e Consultoria LTDA who was engaged in the fourth quarter of 2011 to develop the detailed underground mining plan for Serra Pelada. Pedro Pino Véliz, Civil Mining Engineer (P.E.), Eng. Dr. (IT) SME, who has more than 35 years of experience in mining operations and executive management, heads up P&K's 315 person team headquartered in Rio de Janeiro. In operation since 1992, P&K has extensive experience serving its Brazilian and international clientele with rock mechanics, rock characterization, underground stability and hydrological studies. This has included detailed design of tunnels and stations, methods of excavation and specifications for support methods in the expansion of the Rio de Janeiro subway system in preparation for the 2014 World Cup and 2016 Olympic Games. P&K has also assisted a number of gold and coal producers with design of development and infrastructure in varying ground conditions; including decalcified sandstones and siltstones which are the prominent lithologies at Serra Pelada.
Commissioning of the 15 well dewatering system commenced in the first quarter of 2012. The Company remains on schedule to complete dewatering to depths sufficient for mining operations ahead of production in 2013.
Engineering for the first phase, gravity processing plant has commenced and construction is anticipated to commence imminently and to be complete early in the first quarter of 2013. Orders for long lead-time items for the mill, including the intensive leach reactors, electro-winning cells, the gravity concentrators and the ore scrubber have been placed and are expected to be delivered during the third quarter of 2012.
The Company is pleased to provide photographs of the development activities at Serra Pelada. Photographs can be accessed via following link: http://media3.marketwire.com/docs/CSI_Construction_Update_April_Final.pdf.
April 2012 Pictorial Development Update
Going forward the Company intends to provide monthly photographs of the construction to those that have subscribed to the Company's voluntary e-mail list. Those interested in receiving this monthly photographic update can subscribe to the mailing list by visiting the Company's website and filling in the contact us details. A confirmation email will be sent which needs to be replied to before news distribution will commence.
About Colossus:
Colossus is a development-stage mining company focused on bringing its Serra Pelada project into production. Serra Pelada, located in the mineral prolific Carajas region in the State of Pará, Brazil, is host to one of the highest grade gold and platinum group metals deposits in the world. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Coverage of this famous mining rush by 60 Minutes can be viewed by following the link below. Colossus common shares, warrants and notes trade on the Toronto Stock Exchange (TSX) under the symbols CSI, CSI.WT.A and CSI.NT respectively and in the United States its common shares trade on the OTCQX under the symbol COLUF. The Company is headquartered in Toronto, Canada.
http://sixtyminutes.ninemsn.com.au/article.aspx?id=299887
So nobody on this board knows who this company is that we supposedly have an agreement with? No information on the web about them? No names of these new managers?
The news is just a fluff piece and the market didn't buy into it?
Nobody answers emails and nobody answers the phone?
I've spent hours trying to find answers and I'm finding none.
WHO IS Project Initiatives of Africa?
I can't find anything on line about this company. What is it? Who have we agreed with? Who are the people involved?
Am I missing Something?
Who exactly is Project Initiatives of Africa? I can't find anything on them.
lol.. this violence will kill me one day. But that day is not today.
Well I may owe someone an apology and I don't mind at all. Maybe I will hear from him soon.
POSITIVE SAM SURVEY RESULTS AT GNAWEEDA:
Archean Star Resources Inc. (TSX.V: ASP) (the "Company" or "Archean") announces that it has recently completed an approximately 10 sq km Sub-Audio Magnetics ("SAM") Survey over five separate locations at the Gnaweeda Gold Project approximately 35 km northeast of Meekatharra, Western Australia.
The SAM survey was conducted over the Bunarra, Turnberry, St. Annes, Far East and Archernar prospects. The Company has received interpretations of the approximately 2 sq km Bunarra survey and the 1 sq km Far East survey.
At Bunarra, the survey has identified two pronounced north-northwesterly striking high conductivity zones over a strike length of approximately 1.5 km, with a number of lesser pronounced zones lying to the west and northwest. Gold mineralization hosted in gabbro, with grades as high as 110 g/t, has been identified by diamond drilling in the approximate center of the eastern high conductivity zone. Due to the proximity and similarity of the two parallel high conductivity zones, the Company believes there is strong potential for gabbro hosted gold along strike in both high conductivity zones.
At the Far East prospect, approximately two km northeast of Bunarra, there is a strong correlation between significant gold anomalies (multiple intersections of several metres at 5-10 g/t gold) identified from historic RAB drilling and the pronounced, approximately 1 km long north-south trending SAM high conductivity zone, that is virtually coincident with the N-S trend of gold anomalies. The correlation is especially pronounced towards the north of the zone where it broadens east to west and where the gold anomalies are most abundant and stronger. Diamond drilling is planned at Far East on the pronounced SAM high conductivity zone that is virtually coincident with the N-S trend of gold anomalies.
Images showing the SAM conductivity data and drilling data can be viewed on the Company's website at www.archeanstar.com/sam.jpg.
High conductivity zones are also evident in the Turnberry, St. Annes and Archernar prospects. The SAM surveys identify important geological features at depth and a pronounced offset of a high conductivity zone is noted at the southern end of the Turnberry zone, which is indicative of a structural discontinuity.
High grade gold intersections have been drilled in three prior identified approximately 500 m long highly prospective zones within the approximately 2.5 km greater Turnberry prospect. The Company is awaiting assays from its most recent diamond drill hole, Turnberry TB008, where a 28 m strongly mineralized interval with visible gold was intersected at a depth between 325 m to 353 m.
The approximately 170 sq km Gnaweeda Greenstone Belt is located in the northeast of the highly prolific Murchison Greenstone Gold Belt and is substantially under explored, with diamond drilling conducted on only two of the four identified gold prospects, and has the potential to host similar size gold deposits to the nearby Meekatharra gold field that has historically produced approximately 4.5 million ounces of gold. Recently, Reed Resources Ltd., an ASX listed company, has updated its reported resources from approximately 3.29 million ounces of gold to 3.59 million ounces of gold and reports that mining operations are projected to commence in late 2012. The Murchison Gold Belt has historically reportedly produced over 18 million ounces of gold and during this past two years the gold resources reportedly identified during recent exploration and historical resource evaluations have increased from approximately 7 million ounces to approximately 10 million ounces.
The Company has accepted the resignation of Mr. Michael England as director of the Company and would like to thank Mr. England for his long-standing support to the Company.
I don't know what to believe here anymore. One thing I do believe in is helping others prosper. I've spent my life providing jobs, giving tithes, offerings, feeding the hungry and helping those who have need. It is so foreign to me to lie, and cheat another that I never see it coming. I trust people and believe what they say they mean and what they mean they say.
I guess I'll just wait and see with ICTY
What I'm talking about is the blatant, outright attempt to deceive and con. There is no need for that to make money.
We are splitting hairs...
Assume the risk and accept losses based on best known information is acceptable.
WHAT!
It's called civility and I'm not one who believes one person has to lose for another to gain.
In the end what goes around comes around.
I actually am adding. All the miners are down, historical lows are when you buy, not sell. IMO
I've been very critical of management here for years, but, all we need is a Gold breakout and all the miners will follow. I'm talking about a new high in Gold. We are witnessing corruption and manipulation that will one day fail. Until then I will continue to put my hard earned capital into all things gold and silver, because the alternative is to hold onto dollars and we all know what that will get us.
Brigus, one day, will eventually reward us. I've waited this long, whats a few more months, years...?
There are disingenuous scum on all of these boards trying to influence investors one way or the other. The worst are those who PM unsuspecting and naive investors and claim to be someone they are not and in possession of insider position and information.
One of those has stopped posting on this board and removed himself as a moderator. I'm sure many have been led astray by this troll. I was lucky and when he stopped responding to my emails and texts and I saw he removed himself I sold.
There may be a real story here, I don't know because I can't get a hold of anyone and I can't find any facts to make a decision. I've held on to a couple of million shares but things are not looking good in my opinion. Of course, in penny land this crap happens all the time and I am ashamed of myself for falling for it.
This is all my opinion and I hope I am wrong about everything. Good luck to everyone...
Victoria Gold Sells Relief Canyon Property in Nevada
March 27, 2012: Victoria Gold Corp. (TSX-V: VIT-V "Victoria" or the "Company") is pleased to announce that it has accepted an offer, valued at US$6 million, from Pershing Gold Corp. (“Pershing”), for its interest in the Relief Canyon Property (the “Property”), in Pershing County, Nevada. The Property consists of claims and leasehold interests which the Company is leasing or sub-leasing from Newmont USA Limited, a subsidiary of Newmont Mining Corporation (“Newmont”), through a Minerals Lease and Sublease agreement (the “Agreement”) signed on June 15, 2006 as well as unpatented claims which are held by a wholly owned subsidiary of Victoria, and subject to the Agreement.
The purchase price for the Property shall be satisfied by the delivery to Victoria, on closing, of US$2 million cash and 10 million units valued at US$0.40/unit, each unit comprised of 1 share of Pershing common stock (OTCBB: PGLC) and one half warrant, each whole warrant exercisable into one share of common stock at $0.60/share for two years. As additional consideration, Victoria will be granted a 2% net smelter return royalty on the production from all mining claims on the Property which are not subject to a royalty on behalf of Newmont.
The closing of the transaction contemplated by the offer is expected to occur on or before April 10, 2012. Closing is subject only to finalization of closing documentation.
John McConnell, President & CEO commented, "The value of the Relief Canyon property will be maximized by combining it with Pershing’s other contiguous properties and we wish Pershing the best as they expand their holdings in the area. The sale will also allow Victoria to focus its resources on advancing the Eagle Gold Deposit on the Dublin Gulch property in the Yukon".
Colt Resources intersects 4.46g/t Au over 19.60m, including 14.92g/t Au over 3.43m at its Boa Fé Gold Project, Southern Portugal.
http://www.coltresources.com/sites/default/files/news_releases_en/colt-03262012-en.pdf
Bravo Gold Announces Approval of Share Consolidation;
http://www.bravogoldcorp.com/en/news/215/bravo-gold-announces-approval-of-share-consolidation-gives-a-corporate-and-exploration-update.php
I hear ya! My wife prays every day that I'm not wrong about the future of these little companies because everything we have is invested in them. 65 companies and growing.
Signing of a Letter of Intent With SNC Lavalin for the Construction of the Geysers Project
RENO, NV--(Marketwire - March 27, 2012) - Ram Power, Corp. (TSX: RPG) ("Ram Power" or the "Company"), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, is pleased to announce the signing of a letter of intent ("LOI") with SNC-Lavalin Constructors Inc. ("SNC") for the construction of the 26 MW (net) geothermal power plant (the "Geysers Project") located at the Geysers steamfield in Northern California.
SNC was chosen after completion of a competitive bidding process. Under the terms of the LOI, SNC would engineer, design, and procure parts and equipment for the construction and commissioning of the Geysers Project. At the conclusion of the LOI period, scheduled for May 2012, the Company plans to execute a definitive contract with SNC for the engineering, procurement and construction of the Geysers Project.
"The competitive bidding process for the development of our Geysers Project, resulting in the LOI with SNC-Lavalin, is a major milestone in the history of the Company," said Shuman Moore, CEO of Ram Power. "With a strong power purchase agreement with Northern California Power Authority, and a well-respected contractor in SNC, the Geysers Project will fulfill the commitment to our shareholders to develop a geothermal project in North America."
The last 8 months have sucked but I hope that is coming to an end. We are at historical lows across the sector so it is really hard to go wrong buying now.
Good luck to you
Announces signing of a mandate letter with IFC
http://tmx.quotemedia.com/article.php?newsid=49713237&qm_symbol=RPG
This is a story in development so you will be ok long term. Just keep averaging down and hold.
Not sure what that is.
Now is as good as time as any. Allocate the amount of capital you want to invest here and begin buying a little at a time. If it goes down, great, you can continue to build your position. If it goes up wait and see...
Time to start buying again.
And they are happening at the same time is coincidence?
Should we be worried that traderdogzz has disappeared and has removed himself from being a moderator?
45% increase in 2P reserves in Kazakhstan
http://www.tethyspetroleum.com/tethys/newscontent.action?articleId=2213631
State of Colorado Issues Strong Response to NRC Letters; Defends Energy Fuels’ Piñon Ridge Mill License
Toronto, Ontario – March 21, 2012
Energy Fuels Inc. (TSX-EFR) (“Energy Fuels” or the “Company”) announced today that the State of Colorado sent a strongly worded letter to the U.S. Nuclear Regulatory Commission (“NRC”) on Friday March 16, 2012. In the letter, the State defends the Piñon Ridge Uranium Mill License (“License”) against charges that the process that resulted in the March 7, 2011 issuance of the License to Energy Fuels was flawed. The letter to the NRC upholds the validity of the license and was signed by Dr. Christopher Urbina M.D., Executive Director and Chief Medical Officer for the Colorado Department of Public Health and Environment (“CDPHE”). Dr. Urbina is a key cabinet member in the administration of Colorado Governor John Hickenlooper.
Dr. Urbina’s letter can be viewed at:
http://www.energyfuels.com/downloads/03-20-2012PR_1.pdf
The State’s press release can be viewed at: http://www.cdphe.state.co.us/release/2012/031612.pdf.
Energy Fuels’ President and CEO, Steve Antony, commented, “We are happy to see the highest levels of Colorado state government defending the Piñon Ridge Mill license. We firmly believe that all applicable state and federal laws were followed meticulously. We hope this issue is resolved quickly and amenably, not only for Energy Fuels but for the people on Colorado’s West Slope who support this important project.”
Reports on 2011 Activities and 2012 Plans in Colombia
March 21, 2012, Calgary, Alberta: Antioquia Gold Inc. (“Antioquia Gold” or “the Company”) (TSX-V: AGD; OTCQX: AGDXF) plans to use key results from its 2011 exploration program to benefit the next phase of advanced exploration at its flagship Cisneros Project, moving the Company forward in 2012.
During 2011, Antioquia Gold completed 18,988 metres of diamond drilling that further delineated a prospective mineralized zone containing two deposits (Guayabito and Guaico) and seven areas of significant interest, including the newly discovered and significant Papi. This mineralized zone is located in the original exploration area on the Cisneros Project. Refer to Figure 1.
The Company completed an airborne geophysical survey over the entire Cisneros Project in February 2011. The results of this survey, combined with existing surface samples and geochemical and structural analysis, identified four additional regional exploration zones with characteristics similar to the Guayabito and Guaico deposits, adding significant exploration potential to the overall property. Refer to Figure 2.
In addition to its drilling program, the Company conducted the following work in 2011:
• Environmental studies to prepare for permitting for future mining development including exploration tunnels;
• Metallurgical testing of various ore types from core samples, confirming excellent gold recovery using conventional gravity and flotation processing systems;
• Investigation of two of the four regional exploration zones, the Bareño and Los Planes zones (see figure 2), which host structural framework and geochemical signatures similar to those at the Guayabito and Guaico deposits;
• Conducted an internal review of the requirements for a 600 tonne per day gold processing plant;
• Sourced and secured previously-owned processing plant equipment for potential use at Cisneros;
• Carried out an internal examination of mining methods based on experience at the Parcoy Mine in Peru owned by the Company’s strategic partner Consorcio Minero Horizonte (CMH).
The company also completed technical reports in 2011 on its seven properties of merit in the Cauca Belt. The Company continues to evaluate JV opportunities with other parties in efforts to independently add value to these properties.
Plans and Outlook for 2012
In 2012, the Company’s main focus will be on advancing exploration at its flagship Cisneros Project.
Antioquia Gold has the following benchmarks in place for 2012 at Cisneros:
• A 20,000 metre drilling program designed to assist the Company in determining whether the property contains the resources needed to support a production scenario of 600 tonnes per day over a 10 year period;
• Further explore the four additional regional exploration zones identified in 2011 to assess their potential, especially at Bareño and Los Planes;
• Develop an exploration tunnel in the Guaico area to further delineate mining potential, conduct geotechnical and hydrological studies, provide bulk ore samples for metallurgical assessment and access for underground diamond drilling exploration;
• Complete the following technical studies:
o Modernundergroundminingoperationemployingtracklessequipment,
o 600 tpd gold processing facility incorporating previously-owned
equipment sourced in 2011,
o Dry tailings disposal and rock dump areas capable of handling projected
volumes from the above facility;
• Investigate financing alternatives that maximize shareholder value.
Finally, assuming positive results for these benchmarks by the end of 2012, the Company hopes to be in a position to decide whether to proceed with a production scenario, with gold production anticipated in 2014.
Mr. Ian Fraser, Chief Geologist, will be leading the 2012 exploration and drilling program. Mr. Brad Van Den Bussche will lead the Company in its pursuit of new areas for development, including the seven properties of merit in the Cauca Belt. Accordingly, his title will change from VP, Exploration to VP, Business Development effective April 2, 2012.
Duluth Metals Announces Twin Metals Frame-of-Reference for Bechtel Led Pre-Feasibility Study
TORONTO, March 21, 2012 /PRNewswire/ --
Duluth Metals Limited ("Duluth Metals") (TSX: DM) (TSX: DM.U) is pleased to announce that Twin Metals Minnesota LLC has instructed Bechtel Engineering to prepare the NI-43-101 Pre-Feasibility Study on the Twin Metals Project based on the following parameters:
A vertically integrated mining complex;
Large scale phased underground mine plan and development;
Evaluating different scenarios respecting both on-site and off-site surface facility alternatives, including examining options in milling capacity up to approximately 80,000 tonnes/day through-put; and,
A hydrometallurgical plant with a minimum capability of producing copper cathode, nickel hydroxide and a PGM concentrate.
Vern Baker, President of Duluth Metals, stated: "Bechtel and the other Pre-Feasibility Consultants are aggressively working to define a large integrated mining operation that respects the environmental and social values of Minnesotans and which will benefit the State of Minnesota for generations. This project is being planned with the latest technologies in order to protect Minnesota's environment and will be a long-term economic engine for Northern Minnesota."
An initial pre-feasibility NI-43-101 Resource Estimate report on the consolidated resources of the Twin Metals Project is nearing completion by AMEC and is anticipated to be finalized by the end of April, 2012. This report is going through final iterations as minor additions are incorporated into the geologic model. This resource will be used for mine planning purposes in the pre-feasibility study. This initial resource update will be followed up by a pre-feasibility resource report which will incorporate data from recent, current, and near future targeted drill programs.
Remaining 2011 Drill Results
http://tmx.quotemedia.com/article.php?newsid=49568333&qm_symbol=BGM
A ton of shares? There is only 3,000,000 on the day! This is all just short term noise. Ignore it and go have some fun outside...
Noront triples chromite resource in Ring of Fire
TORONTO, March 20, 2012 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSXV: NOT) is pleased to announce an updated, independent Mineral Resource Estimate for it's 100% owned Blackbird chromite deposit at the Company's McFaulds Lake Project, in the Ring of Fire, James Bay Lowlands, Ontario.
Micon International Ltd. ("Micon"), an independent consulting engineering company, completed the resource estimate. The estimate is classified according to the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards on Mineral Resources and Mineral Reserves which have been incorporated by reference in the Canadian Securities Administrators ("CSA") National Instrument 43-101, Standards for Disclosure for Mineral Projects.
HIGHLIGHTS:
Measured Resource: 9.3 M tonnes averaging 37.44% Cr2O3 and 2.00 Cr:Fe
Indicated Resource: 11.2 M tonnes averaging 34.36% Cr2O3 and 1.95 Cr:Fe
Measured and Indicated Resource: 20.5 M tonnes averaging 35.76% Cr2O3 and 1.97 Cr:Fe
Inferred Resource: 23.5 M tonnes averaging 33.14% Cr2O3 and 1.97 Cr:Fe