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TNR Golds 2012 Annual General Meeting Held / Overwhelming Shareholder Support For Management And Board Of Directors
Source: http://bit.ly/QpZdai
Vancouver B.C.: TNR Gold Corp. ("TNR" or the "Company") held its Annual General Meeting on November 16, 2012 and is pleased to announce that all resolutions proposed in the information circular were passed. In addition, all agenda items, as outlined in the circular, were approved and all directors standing for election were re-elected. The Directors for the ensuing year will consist of Mr. Gary Schellenberg, Mr. Kirill Klip, Mr. Paul Chung and Mr. Greg Johnson.
Mr. Gary Schellenberg was reappointed President and Chief Executive Officer. Mr. Kirill Klip was appointed Non Executive Chairman of the Board and will directly support and advise the Chief Executive Officer of the Company. Mr. Paul Chung was reappointed Secretary and Mr. Jerry Bella was reappointed Chief Financial Officer. Mr. John Harrop was reappointed Vice President of Exploration and Mr. Antony Kovacs was appointed Chief Operating Officer.
"Approximately 69 million shares, or 47% of the outstanding shares, were voted with an overwhelming support from the shareholders for the direction Management and the Board of Directors are taking the Company" comments Gary Schellenberg.
The Company also announces 400,000 incentive stock options have been granted to a director of the Company. The options are exercisable at $0.10 per share for a period of five years, subject to regulatory approval. The options are subject to a four month hold period.
ABOUT TNR GOLD CORP.
Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
TNR's recently listed subsidiary, International Lithium Corp. (TSX:ILC.V), demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value
A well written MicroCapClub blog post by Ian Cassel where he talks about their SFD technology, some company background, pemex, and his outlook on NXT's future.
"NXT Energy Solutions: A Breakthrough In Early Stage Oil Exploration" - bit.ly/TMEg3F
CEO Interview
CEO Horst Zerbe is interviewed by Tara Sweder, he talks about IntelGenx's latest innovations, challenges in getting FDA approved and future plans for the company.
Watch the video: http://bit.ly/Qgpvf1
Agreed, great song. Good blog too, is it yours?
Altima Licenses New Well and Updates Status of Horizontal Well at Chambers-Ferrier, Alberta
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov 15, 2012) - Altima Resources Ltd. (TSX VENTURE:ARH)(ARSLF)(FRANKFURT:AKC) announces that it has licensed a New Pool Wildcat well at Chambers, Alberta. The well, Altima Chambers 14-35-41-11 W5M, is anticipated to be drilled to a depth of 3,065 meters into the Nordegg formation. Altima has a 100% Working Interest (WI) in the subject well and offsetting section. The 14-35 well is located approximately 5 kilometers to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well that completed drilling in March 2012. The 14-35-41-11 W5M well is scheduled to be drilled in the first quarter of 2013.
Altima also announces that the Operator of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well has notified Altima of its intent to continue flow and build up testing operations, which are anticipated to commence within the next week, subject to weather conditions permitting access. Altima had previously reported a limited four day test completed over the period May 23 through May 27, 2012 (see News Release dated August 8, 2012, and for further reference, News Release April 12, 2012), with the well flowing varying rates of natural gas, associated condensate, and frac fluid. Downhole pressure recorders were run and the well shut-in. On June 21, 2012, the recorders were recovered. Altima holds a 30% WI in the subject well. Adverse seasonal conditions have prevented further operations to this time.
The Company''s mostly contiguous land base at Chambers-Ferrier totals twenty (20) sections (12,800 gross acres) with an approximate average working interest of 97.2% in 10 of the 20 sections and varying interests in eight (8) wells.
Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under NI 43-101 responsible for preparing and reviewing the data contained in this press release.
Source: http://yhoo.it/T3vxxN
CEO Interview
TNR came came out with this interview of CEO Gary Schellenberg addressing the Los Azules Property McEwen Mining Lawsuit. Make sure to watch it - http://bit.ly/RD21hb
Fencemaker Antimony Project Update
LAS VEGAS, Nov. 13, 2012 /PRNewswire/ -- First Liberty Power Corp. (OTC: FLPC) is pleased to announce the completion of a 43-101 report covering the Fencemaker Antimony Project, of which First Liberty holds a 40.5% interest.
The Fencemaker Project is located in the Stillwater Range of west central Nevada, approximately 194 kilometers northeast of the city of Reno, Nevada, and more locally approximately 60 kilometers east-southeast of the town of Lovelock, and consists of five unpatented contiguous mining claims that cover a total of 100.0 acres (40.47 hectares). The Fencemaker Mine was established and first shipped antimony ore in the 1880s, with intermittent minor production continuing until the 1990's.
As part of the 43-101 report, a Phase 1 program of reverse circulation (RC) drilling was initiated in July 2012 to test the down dip and strike extension of mineralization known to be present in the Fencemaker Mine. This program consisted of a total of 2350 feet (716 m) from thirteen (13) holes collared in the hanging wall of the structure. Highest value recorded was 18.65% Sb (Stibnite or Antimony ore) from drill hole FM-02 at the 35 to 40 foot (10.7 to 12.2 m) interval below surface. High-grade mineralization exists to a depth of a minimum of 110 feet (33.5 m) below surface. A cut-off grade of 0.40% Sb was selected for an NI43-101 and SEC compliant Inferred Mineral Resource. That Inferred Mineral Resource is from five individual blocks totaling 34,125 short tons with an average grade of 2.92% Sb. Within this estimated total resource higher grade blocks, up to 10,500 tons of 4.17% Sb are present. Analysis for gold in the drill samples shows a zone of anomalous (up to 294 ppb Au; 0.294 g/t Au). Complete report is available on our website: http://www.firstlibertystrategic.com
CEO Don Nicholson, states "the release of this report confirms our strong belief that the Fencemaker is a viable property for near term production. Furthermore, with the use of efficient and modern underground mining methods, together with a milling/refining operation to upgrade the ore to approximately 60% grade Antimony, we believe that near term profitable production is viable on the Property. As recommended in the 43-101 report, we intend to undertake a further program of 5000 feet (1500 m) reverse circulation drilling to obtain more data on strike and depth extent of the mineralization, together with localized surface mapping to trace the mineralized structure on surface and to test for Carlin-type gold mineralization." The CEO went on to say, "that all necessary components are in place with our very professional project partners to finalize mine and mill site preparations, and we project the commencement of production sometime in the first quarter 2013. We continue to vigorously seek additional capital to complete this final pre-production phase."
About Us
First Liberty is a Nevada based mineral exploration company with a focus on the exploration, development, mining and refining of strategic industrial metals in the USA. With a foundation in lithium exploration and a recent addition of antimony mining and development, it is our vision to significantly contribute towards ensuring a domestic supply of those strategic mineral elements that are critical to current and emerging technologies. We will continue assembling a portfolio of properties and interests in several key areas, ranging in developmental to advanced stage exploration, to those being production ready.
Source: http://bit.ly/STv4vR
Ludovick Zone Extended Over A Length Of 1.3 KM
November 06, 2012
Source: http://bit.ly/TIfiXK
Val-d'Or, Quebec -- NioGold Mining Corporation (TSX-V: NOX) (OTCQX: NOXGF) ("NioGold") is pleased to announce the results of its exploration drilling program in the southern part of the Malartic Block (100% owned by NioGold). This property is adjacent to the Marban Block property where the Norlartic, Kierens and Marban deposits have a collective resource estimate of 1.56 M ounces in the measured and indicated categories and 0.51 M ounces in the inferred category (see news release of September 7, 2012).
The results of the campaign show that the south-western part of the Malartic Block property, which is contiguous to Osisko's Canadian Malartic property, has occurrences of gold in every area that was investigated, indicating strong exploration potential for this underexplored part of the property.
The Ludovick zone was identified in 2011 with holes CW-11-016 (3.15 g/t Au over 6.5 m) and CW-11-021 (8.17 g/t Au over 3.1 m). The 2012 drilling campaign confirmed that this zone is an auriferous trend that extends over at least 1.3 km.
The highlights on the Ludovick zone are:
23.40 g/t Au over 1.0 m in hole CW-12-083 at a vertical depth of 115 m.
6.25 g/t Au over 0.7 m in hole CW-12-091 at a vertical depth of 170 m.
These intercepts are within a lower grade interval of mineralization. A parallel zone was also intersected 70 metres to the north with results of:
9.55 g/t Au over 1.1 m in hole CW-12-090 at a vertical depth of 22 m.
350 metres to the south of the Ludovick trend, within a lower grade interval of 0.58 g/t Au over 49.1 m, the following higher grade interval was encountered, demonstrating the potential similarity with Osisko's ground:
9.06 g/t Au over 2.0 m in hole CW-12-075 at a vertical depth of 115 m.
On the southern fence, near Osisko's Canadian Malartic property, each hole drilled returned anomalous gold values, sometimes over large widths. The best result was:
22.20 g/t Au over 1.0 m in hole CW-12-087 at a vertical depth of 85 m. This result was obtained on the field duplicate sample (one quarter split of the core), showing a probable nugget effect (the original sample yield 0.16 g/t Au).
The best result on the Western Fence is:
6.82 g/t Au over 1.0 m in hole CW-12-080 at a vertical depth of 110 m
Drill holes results:
Hole Easting1 Northing1 Azimuth Dip Hole Length (m) From (m) To (m) Length (m) Grade (g/t Au) Zones
Central Fence
CW-12-073 716852 5337845 N205° -42° 264.0 113.7 116.4 2.7 0.54
CW-12-074 716915 5337490 N207° -44° 85.0 Nothing above 50 ppb
CW-12-075 716893 5337440 N205° -45° 165.0 112.9 162.0 49.1 0.58
incl 158.8 161.0 2.2 9.06
Ludovick Zone
CW-12-076 717642 5337420 N205° -45° 252.0 99.5 100.6 1.1 1.56 Ludovick
CW-12-083 716955 5337821 N203° -45° 594.0 156.6 167.1 10.5 0.20 Ludovick
incl 167.1 168.1 1.0 23.40 Ludovick
CW-12-089 717246 5337578 N205° -45° 258.0 43.8 45.0 1.2 1.12 Ludovick
CW-12-090 717795 5337348 N205° -45° 201.0 29.3 30.4 1.1 9.55
102.6 106.2 3.6 0.22 Ludovick
CW-12-091 717909 5337370 N204° -55° 306.0 215.2 215.9 0.7 6.25 Ludovick
CW-12-092 718032 5337399 N203° -70° 504.0 347.4 348.6 1.2 1.06 Ludovick
CW-12-093 718067 5337234 N208° -45° 210.0 51 51.5 0.5 3.10
99.5 106.2 6.7 0.41 Ludovick
Western Fence
CW-12-077 715892 5336910 N181° -45° 255.0 119.8 121.1 1.3 0.26
CW-12-078 715906 5336550 N180° -45° 276.0 268.5 271.1 2.6 0.20
CW-12-079 715897 5336720 N182° -45° 249.0 89.3 90.5 1.2 0.25
CW-12-080 715879 5337064 N183° -45° 285.0 158.5 159.5 1.0 6.82
CW-12-081 715876 5337312 N183° -45° 321.0 311.2 313.6 2.4 0.22
CW-12-082 715866 5337527 N184° -45° 258.0 47.1 48.2 1.1 1.15
151.4 153.9 2.5 0.83
Southern Fence
CW-12-084 716720 5336330 N205° -45° 198.0 Nothing above 63 ppb
CW-12-085 716503 5335774 N206° -45° 198.0 28.9 30.0 1.1 0.59
CW-12-086 716554 5335908 N204° -45° 249.0 156.2 174.4 18.2 0.16
193.2 200.3 7.1 0.14
CW-12-087 716611 5336046 N205° -45° 213.0 122.1 123.1 1.0 22.202
CW-12-088 716806 5336146 N203° -45° 207.0 27.4 31.5 4.1 0.24
133.3 134.3 1.0 3.20
143.4 144.5 1.1 1.13
157.5 160.0 2.5 0.25
1: UTM Nad 83 Zone 17
2: Value obtained on the field duplicate sample (1/4 of the core)
Based on these very promising results on the Malartic Block and other targets also present, a follow-up drilling program is being designed, targeting the following areas:
The Ludovick zone auriferous trend which is now 1.3 km long, might be extended to as much as 2.8 km since some holes drilled in 2011 (MB-11-029 and 030) intersected low grade intervals in the same geological context 1.5 km further to the northwest.
The Audet zone where there is a historical resource.
The southern part of the Malartic Block property which is adjacent to Osisko's property and where almost all the holes were gold bearing.
The Malartic Hygrade mine zones and the Camflo mine extension at depth.
The H zone where in 2009 and 2010 NioGold intercepted very interesting intervals near surface (5.42 g/t Au over 5.7 m in MH-10-078 and 0.90 g/t Au over 54.5 m in MH-10-033).
Test the north-western extension of Marban Block's Kierens mine, the North and the North-North zones.
Several additional showings need to be assessed to verify if a follow up is warranted.
A figure is illustrating the southern part of the Malartic Block. (click here)
Malartic Block drilling
The drilling campaign was conducted in the spring and totalled 5,548 metres in 21 holes. The program was performed in the southwestern part of the property. Seven (7) holes for 2,325 m investigated the extensions of the Ludovick zone. A central fence of three (3) holes for 514 m explored just south of the Ludovick zone. A western fence of six (6) holes for 1,644 m tested numerous geophysical anomalies which have been identified during the property compilation work. The southern fence consisted of five (5) holes for 1,065 m targeting the southern geological units from the Cadillac Group and directed at understanding the context and comparison to Osisko's Canadian Malartic property which is contiguous.
Marban Block drilling
Aurizon can earn up to a 65% interest the Marban Block property under the terms of an option and joint venture agreement dated July 5, 2010, between NioGold and Aurizon. The initial 50% interest can be earned by incurring expenditures of $20 million over three years, completing an updated NI 43-101 compliant mineral resource estimate, and by making a resource payment for 50% of the total gold ounces defined by the mineral resource estimate. NioGold remains the project operator during the initial earn-in period (see news release dated July 6, 2010).
After $6M (Phase 1) of exploration expenditure, the resource estimate for the property is now at 1.56 M ounces in the measured and indicated categories and 0.51 M ounces in the inferred category, representing an increase of 260% and 141% respectively.
A $5M (Phase 2) exploration program is currently being integrated in an update of the resource estimate.
For the remaining $9M (Phase 3) exploration program, several targets are under consideration:
Extend the resource of the Norlartic and Kierens deposits and investigate further their open pit potential.
Increase the amount of ounces inside the Marban deposit pit shell.
Test and expand the North, North-North and Gold Hawk zones to integrate them in a 43-101 compliant resource estimate.
Extend the Eastern Down Dip zone of the Marban deposit.
Investigate the new discovery made during Phase 2, the southeast extension of the Norlartic system, the felsic intrusion in the hanging wall of the Marban deposit and two gold bearing areas which seem to be the north extension of the Marban deposit.
Technical Info, QA/QC and Qualified Persons
Reported intervals are in core lengths but are anticipated to approximate true width, except where structural complexities occur, as the holes were drilled near perpendicular to the principal local structural orientation.
Diamond drill holes were drilled with NQ-size core in order to obtain larger sample volumes of the mineralised zones, except for holes that traversed underground workings which were completed using BQ-size core. The core was sealed delivered by the drilling contractor to NioGold's facilities located at the Norlartic mine site. The core was photographed for reference, logged and mineralised sections were sawed in half. Sample lengths vary between 0.5 to 1.5 metres. Half core samples were bagged, sealed and delivered to ALS Chemex in Val-d'Or, Quebec, which is an accredited laboratory. The remaining core is stored on site for reference. Samples were assayed by the fire-assay method using an atomic absorption finish on a 50-gram pulp split. A quality assurance and quality control program (QA/QC) was implemented by NioGold and the laboratory to insure the precision and reproducibility of the analytical method and results. The QA/QC program includes the insertion of standards, blanks and field duplicates in the sample batches sent to the laboratory and a systematic re-assaying of samples returning values above 2 g/t Au by the fire-assay method using a gravimetric finish. As well, pulps grading above 0.5 g/t Au are sent to Bourlamaque Assay Laboratories Ltd. in Val-d'Or for check assaying.
The drilling program is conducted under the supervision of Yan Ducharme, M.Sc., P.Geo. (OGQ), the NioGold's Vice-president Exploration and a Qualified Person as defined by National Instrument 43-101. This news release was prepared by Mr. Ducharme
NioGold Mining Corporation - « On Canada’s Golden Highway »
NioGold Mining Corporation is a mineral exploration company focused on gold. The Company's flagship projects are located in the Cadillac - Malartic - Val-d'Or region of the prolific Abitibi gold mining district Quebec. The Cadillac, Malartic and Val-d'Or mining camps have produced over 45 million ounces of gold since the 1930's and presently encompass six producing gold mines including Osisko Mining's new Canadian Malartic operations. NioGold's land holdings within the Abitibi presently cover 130km2 and encompass four former gold producers, namely the Norlartic, Kierens (First Canadian), Marban and Malartic Hygrade mines that collectively produced 640,000 ounces of gold.
NioGold's experienced and qualified technical team are overseeing the advancement of these projects, with current drill programs underway targeting expansion of the resource base.
Pan American Fertilizer Corp. (CNSX: PAF) Director Resigns
November 2, 2012
VANCOUVER, BRITISH COLUMBIA, November 2, 2012 - Pan American Fertilizer Corp. (CNSX: PAF) (“Pan American” or the "Company") announces that Mr. Tariq Malik has resigned as Director effective October 31, 2012. The Company expresses its appreciation to Mr. Malik and thanks him for his invaluable contributions over his tenure.
About Pan American Fertilizer Corp.
Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as “Agricultural Gypsum”). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets.
When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields. www.PAFertilzer.com
NXT Announces Update On Status of US $5.8 Million Survey Contract for Petroleos Mexicanos ("PEMEX")
Highlights
- First US $2.9 million progress payment received from PEMEX
- Additional US $2.9 million payments anticipated by year end
- NXT well capitalized to execute its growth strategy
Source: http://yhoo.it/VO1ys4
CALGARY, ALBERTA--(Marketwire - Nov 5, 2012) - NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX VENTURE:SFD)(NSFDF) announces an update on the status of its US $5.8 million SFD® aerial survey contract with Petroleos Mexicanos ("PEMEX"), the National Oil Company of Mexico, and the 4th largest exploration & production company in the world.
The project had an initial value of US $4.73 million, which was expanded to a total of US $ 5.8 million shortly after completion of the initial SFD® data acquisition operations. NXT has collected, as scheduled, its first US $2.87 million, which was due under the initial project scope of US $4.73 million. A second contract progress billing of US $1 million will be issued shortly, with payment due 30 days thereafter.
Data interpretation operations for the expanded project are well underway and NXT has delivered preliminary findings to PEMEX. NXT''s final recommendations report is scheduled to occur in November, 2012, following which the final contract billing of US $1.9 million will be issued under the US $5.8 million project.
"We are pleased with how smoothly the project is progressing and are looking forward to presenting the final results to PEMEX when they visit our data interpretation center in the coming weeks", noted George Liszicasz, NXT''s President and CEO. "With $4 million cash, no debt, and additional PEMEX contract billings of US $2.9 million expected to be received by year-end, we are well positioned to continue to expand our client base and execute our growth strategy."
NXT also advises that it will be holding its Annual and Special General Meeting for the fiscal year ended December 31, 2011 on Tuesday November 27, 2012 at 3 pm at the Petroleum Club in Calgary.
In addition, NXT has been invited to present at the International Oil & Gas Conference being hosted by Mackie Research Capital Corporation in Toronto on November 7, 2012. Andy Steedman, V-P of Operations, will be presenting and meeting with institutional investors at the conference.
28.4 Meters Commencing from Surface at 1.96 Grams Gold Per Tonne in Oxides Intercepted at Santa Rosa
Source: http://bit.ly/ScmBUL
Vancouver, BC, October 30, 2012 - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF) is pleased to announce additional assay results from the latest drill programme. Phase Three drilling is targeting the shallower oxide mineralisation at the San Ramon gold system, Santa Rosa project located in Colombia. Highlights from 42 holes (SR-077 to SR-118) include intercepts:
SR-078 - 39.6 metres at 0.41 g/t Au from surface
SR-080 - 38.5 metres at 0.51 g/t Au from 6.2 metres down hole
SR-083 - 2.6 metres at 18.01 g/t Au from 69.0 metres down hole
SR-093 - 5.7 metres at 3.78 g/t Au from 2.6 metres down hole
SR-097 - 6.9 metres at 3.09 g/t Au from 13.7 metres down hole
SR-103 - 2.6 metres at 6.07 g/t Au from 12.6 metres down hole
SR-108 - 3.4 metres at 8.75 g/t Au from 15.5 metres down hole
SR-109 - 19.6 metres at 2.32 g/t Au from 9.7 metres down hole
SR-110 - 28.4 metres at 1.96 g/t Au from surface
SR-111 - 22.1 metres at 2.17 g/t Au from 13.2 metres down hole
SR-112 - 23.7 metres at 2.09 g/t Au from 10.0 metres down hole
SR-113 - 18.3 metres at 1.31 g/t Au from 19.0 metres down hole
"Our recently completed Phase Three delineation drilling confirms strong gold mineralisation from surface in the oxidised material at San Ramon", comments Ian Slater, Chief Executive Officer. "With our recent financing completed we are looking forward to commencing the Phase Four drill programme to test the gold system down dip, where typically higher grades have been intercepted, and complete a resource estimate and PEA."
The San Ramon structure trends east-west, dips 60°-70° to the north, extends over 1,800m, is up to 60m wide and is mineralised from surface. Phase One and Two drilling intercepts averaged 2.1 g/t Au (using a 0.20 g/t Au lower cut and no upper cut) to a vertical depth of over 250m with mineralisation remaining open at depth. The Phase Three 5,000m, 74 core drill hole programme delineated shallower mineralisation on 50m centres. Assays are pending on the remaining 21 holes (SR-119 to SR-139). The work program for the remainder of 2012 and Q1 2013 includes:
17,000 metre Phase Four drill programme to infill to 50m centres and test mineralisation from 250m to 500m depth;
NI 43-101 compliant resource estimate (to be released December 2012);
Preliminary Economic Assessment (to be released Q1 2013).
Table 1 summarizes the significant (+0.20 g/t) uncut gold intercepts from Phase Three core drill holes SR-077 to SR-118 (see Figure 1 - Drill Hole Plan and Figure 2 - Long Section). True widths are estimated to be 70-90% of the intercepts and vertical depths are estimated to be 70-90% of the drilled depths reported below. Internal dilution within intercepts is limited to the inclusion of runs of no more than 6m below cut-off. Holes SR-106, 107, 114 and 115 did not intercept economic mineralisation. For pictures of the drill core see Red Eagle`s photostream on flickr.
Table 1- San Ramon Phase Three Drill Intercepts
Hole ID
From (m) To (m) Interval (m) Au (g/t)
SR-77
.00
29.0
29.0
0.44
43.0
49.0
6.0
1.07
59.9 63.0
3.2 4.27
SR-078 0.0
39.6
39.6
0.41
48.7
60.2
11.5
0.46
SR-079 0.0
4.9
4.9 0.51
20.2 29.2
9.0
0.85
47.2
48.3
1.1
0.57
53.7
61.4
7.6
1.07
75.4
80.3
4.8
0.25
86.1
96.0
9.9
.081
101.4 102.4
1.0
0.58
SR-080
6.2
44.7 38.5 0.51
SR-081
3.8
31.5
27.8
0.35
39.5 70.4
30.9
0.36
SR-083
46.0
52.0
6.0
1.73
69.0
71.6
2.6
18.01
89.3 93.2 3.9
2.38
SR-084 3.0
11.2
8.3
.051
35.7
37.2
1.5
0.74
SR-085
0.0
16.6
16.6
0.30
31.0 38.0
7.0
.044
56.7
67.8
11.1
0.97
SR-86
0.0
1.8
1.8
1.00
13.8
28.9
15.1
0.33
SR-087
1.8
5.2
3.4
1.13
16.6
18.0
1.5
1.21
SR-088
4.4
19.8
15.5
0.37
28.8
43.2
14.4
0.75
71.1
73.4
2.3
5.01
SR-089 0.0
24.0
24.0
0.38
43.4
48.8
5.4
0.36
SR-090
0.2
15.4
15.2
0.27
29.8
34.0
4.3
3.06
SR-091 1.6 7.6 6.0 0.58
40.3
44.5
4.3
3.06
SR-092
1.6
6.7
5.1 1.01
2.6
27.9 1.9
5.20
SR-093 2.6
8.3
5.7
3.78
35.5
44.9
9.4
0.39
SR-094
2.0
5.9
4.0
0.22
SR-095
4.6
17.1
12.5
0.50
30.8
36.0
5.2
.074
SR-096
0.8
16.7
15.9
0.68
SR-097 4.6
5.7
1.1
0.56
13.7
20.6
6.9
3.09
incl.
15.5
16.5
1.0
14.5
SR-098
8.0
9.0
1.0
0.70
SR-099
20.5
21.6
1.1
0.80
36.6
42.8
6.2
0.27
SR-100
6.1
7.4
1.3
1.06
26.6
28.1
1.5
1.86
SR-101
6.1 7.4
1.3
1.06
43.4
48.0
4.6
.043
53.4
56.4
3.0
1.36
SR-102
6.9
9.4
2.5
0.51
27.0
51.6
24.6
0.31
SR-103
12.6
15.1
2.6
6.07
52.7
61.0
8.3
0.31
SR-104
33.3
42.6
9.3
1.01
SR-105
6.1
12.3
6.2
1.02
24.4
26.4
1.0
1.02
41.5
45.7
4.3
0.73
453.4
67.7
14.3
0.67
SR-108
5.3
9.6
4.3
0.59
15.5
18.9
3.4
8.75
SR-109
9.7
29.3
19.6
2.32
SR-110
0.0
28.4
28.4
1.96
SR-111
13.2
35.3
22.1
2.17
SR-112 10.0 33.7 23.7 2.09
incl.
10.0
11.1 1.2 31.20
SR-113
19.0
37.3
18.3
1.31
incl.
36.3
37.3
1.0
15.7
SR-116
4.9
18.8
14.0
0.61
SR-117
2.1
18.5
16.4
0.49
SR-118
2.4
6.1
3.7
0.31
14.3
17.6
3.3
0.40
23.5
31.5
8.0
0.27
Table 2 - Drill Hole Specifications
Hole
Easting
Northing
Elevation (m)
Azimuth
Dip
EOH (m)
SR-077
857763
1223146
2470
180 -70 73
SR-078
857723
1223168
2473
180 -50 70
SR-079 857723 1223167 2473 180 -75 104
SR-080 857675 1223175 2480 180 -50 88
SR-081 857675 1223176 2480 180 -70 98
SR-082 857627 1223191 2464 180 -75 98
SR-083 857627 1223191 2464 180 -50 112
SR-084 857573 1223180 2465 180 -50 70
SR-085 857573 1223181 2465 180 -75 96
SR-086 857589 1223141 2479 10 -65 47
SR-087 857589 1223138 2479 190 -50 87
SR-088 857507 12223182
2468 180 -50 79
SR-089 857507 1223182 2468 180 -70 49
SR-090 857434 1223162 2475 180 -75 64
SR-091 857434 1223162 2475 180 -50 52
SR-092 857393 1223159 2481 180 -50 70
SR-093
857393 1223160 2481 180 -75 56
SR-094 857344 1223144 2489 180 -50 61
SR-095 857344 1223144 2489 180 -70- 61
SR-096 857295 1223139 2491 180 50 55
SR-097 857295 123139 2491 180 -70 53
SR-098 857247 1223146 2500 180 -50 73
SR-099 857248 1223146 2500 180 -70 72
SR100 857214 1223162 2496 180 -50 63
SR-101 857214 1223162 2496 180 -80 72
SR-102 857162 1223178 2485 180 -50 62
SR-103 857162 1223179 2485 180 -75 76
SR-104 857123 1223204 2457 180 -50 43
SR-105 857123
1223205 2485 180 -60 81
SR-106 857123 1223205 2485 180 -80 55
SR-107 857125 1223239 2463 180 -50 69
SR-108 857006 1223174 2485
180 -50 62
SR-109 857006 1223174 2485 180 -70 64
SR-110 857038 1223178 2485 180 -55 58
SR-111 857038 1223178 2485 180 -70 61
SR-112 857084 1223184 2471 180 -50 46
SR-113 857093 1223185
2471 180 -70 46
SR-114 856949 1223149 2505 180 -50 59
SR-115 856949 1223149 2505 180 -70 27
SR-116 856893 1223173 2492 180 -50 58
SR-117 856893 1223173 2492 180 -70 59
SR-118 856851 1223195 2483 180 -50 58
Quality Control and Assurance (QC/QA)
All drill samples were collected with a diamond core drill rig using approximately one metre sample intervals of whole core and following standard industry practice. Acme Analytical Laboratories prepped and screened samples in Medellin, Colombia and assayed samples in Santiago, Chile. Gold values were determined by fire assay of a 50g charge at 250 mesh pulp with an AAS finish, or if over 10 g/t Au, were re-assayed and completed with a gravimetric finish. The coarse crush split reject (<16mm) was retained for metallurgical testwork. 10% of a range of selected assays over 0.2 g/t Au, with an average of approximately 1.0 g/t Au were taken from the middling split reject and submitted for metallic screening analysis at 150 mesh pulp followed by fire assay and both AAS and gravimetric finish. Any discrepancies were reanalysed from the remaining middling reject by gravity concentration and acid digest. QC/QA included the insertion and continual monitoring of standards and blanks into 10% of the sample stream batches, along with check assays conducted at alternate accredited laboratories.
The scientific and technical information contained in this news release has been reviewed and approved by Michael Johnson P.Geo., who is a "Qualified Person" as defined under National Instrument 43-101.
About Red Eagle Mining
Red Eagle Mining Corporation is a well-financed gold exploration and development company with an experienced mine development team. Red Eagle Mining is currently developing the 390 km² Santa Rosa gold project located in Colombia. Santa Rosa is an intrusive hosted structurally-controlled quartz stockwork system within the prolific Cretaceous Antioquia Batholith. Gold mining within the Santa Rosa project pre-dates the 16th century when an estimated 30 million tonnes were mined. Santa Rosa is located 70km north of Medellin near the town of Santa Rosa de Osos in a region characterized by gently rolling hills and excellent infrastructure. Santa Rosa is also located 50km west of AngloGold Ashanti's Gramalote gold deposit (2.5 million ounce M&I resource grading 0.8 g/t Au) and 60km east of Continental Gold's Buritica gold deposit (1.6 million ounce M&I resource grading 13.6 g/t Au). Red Eagle Mining also holds an extensive package of exploration ground in Colombia, including the Pavo Real project in the Mid-Cauca gold belt.
For further information on Red Eagle Mining please refer to our website www.redeaglemining.com, contact Ian Slater, Chief Executive Officer, or contact:
James Beesley
Sequoia Partners - Investor Relations
james@sequoiapartners.ca
+1 604 682 4600
+1 855 682 4600 toll free
+1 778 389 7715 mobile
New TNR Gold Corp Podcast on Shotgun Project:
As put out by TNR: Still stumped by some of the Geoscience? Listen to our experts unearth some of the mysteries at the Shotgun Gold project in Alaska.
Podcast: http://bit.ly/QQyMXK
CEO Gary Schellenberg and VP of Exploration John Harrop are interviewed on the the Shotgun Project in Alaska including the latest drill results and the potential of the ridge.
Quote from CEO Mr. Schellenberg:
"Our understanding of this project has changed dramatically. The potential of Shotgun Ridge has greatly increased… With the results of the current two drill holes, a number of new targets have been identified. In addition to Shotgun Ridge, we have still not talked about or done much exploration on the Winchester, Shot or King zones which we believe are satellite deposits which leaves this area of Alaska greatly under-explored but on the same token has great potential."
Red Eagle Mining Completes $20,000,000 Financing
Source: http://bit.ly/POwxHq
Vancouver, BC, October 23, 2012 - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF) has completed its previously announced $20,000,000 financing. The financing consists of a private placement of 21,212,121 common shares at $0.55 per share for gross proceeds of $11,666,667 and the sale of a 2% net smelter royalty on Red Eagle Mining's Santa Rosa gold project to Liberty Metals & Mining Holdings LLC for $8,333,333. In connection with the private placement Red Eagle Mining paid cash finders' fees totaling $139,585. The shares are subject to a four month hold period from the date of issuance. All shares have been issued with the exception of 1,134,944 shares which are expected to be issued in approximately 14 business days. Further details with respect to the private placement and royalty can be found in Red Eagle Mining's news release dated October 16, 2012.
In connection with the transactions, Mr. Noel Dunn has been appointed to the Board of Directors of Red Eagle Mining. Mr. Dunn is a Managing Director of Liberty Metals & Mining, Liberty Mutual Group Asset Management Inc. He is also a non-executive director of Pan American Silver Corp., Pretium Resources Inc. and Alderon Iron Ore Corp.
About Red Eagle Mining
Red Eagle Mining Corporation is a well-financed gold exploration and development company with an experienced mine development team. Red Eagle Mining is currently developing the Santa Rosa gold project located in Colombia. Santa Rosa is an intrusive hosted structurally-controlled quartz stockwork system within the prolific Cretaceous Antioquia Batholith. Gold mining within the Santa Rosa project pre-dates the 16th century when an estimated 30 million tonnes were mined. Santa Rosa is located 70km north of Medellin near the town of Santa Rosa de Osos in a region characterized by gently rolling hills and excellent infrastructure. Santa Rosa is also located 50km west of AngloGold Ashanti's Gramalote gold deposit (2.5 million ounce M&I resource grading 0.8 g/t Au) and 60km east of Continental Gold's Buritica gold deposit (1.6 million ounce M&I resource grading 13.6 g/t Au). Red Eagle Mining also holds an extensive package of exploration ground in Colombia, including the Pavo Real project in the Mid-Cauca gold belt.
For further information on Red Eagle Mining please refer to our website www.redeaglemining.com, contact Ian Slater, Chief Executive Officer, or contact:
James Beesley
Sequoia Partners - Investor Relations
james@sequoiapartners.ca
+1 604 682 4600
+1 855 682 4600 toll free
+1 778 389 7715 mobile
Great blog post written about NXT Energy and the oil and gas exploration industry. Article was written by Balraj Rakhra.
Source: http://bit.ly/T3avv6
NXT Energy Solutions on the forefront of Energy Technology
The oil and gas industry is about to set a new records, with oil prices already toeing 100 dollars a barrel; even in a stagnant bear market.
This year total investment in expanding and maintaining oil and gas exploration and production (E&P) will rise to another new all time high, If any of you watched the Obama Vs Romney debate a couple of days ago you will know how important of a topic exploration is in this election.
Researchers at Barclays estimate the total global E&P spending by oil companies to hit $614 billion in 2012. That’s a sharp increase from $556 billion in 2011. It’s even higher than 2008 when oil hit $147 a barrel.
This sector of the oil industry is growing strong and will continue to do so. After all, it’s growing steadily despite volatile oil prices, vast improvements in technology that are driving down costs and increase returns on investment, and it’s all happening throughout a period of global economic malaise and upheaval.
For investors, where there’s growth, there’s opportunity. This time is no different. And one tiny company has an opportunity to dominate an important segment of the growing global oil E&P technology market.
Earth only has so much oil, it is getting harder and harder to find, and we will most definitely need technology companies such as SFD to help us find the oil we have. All of the easy oil has been proven and pulled out of the ground.
Winning in Oil Investments
NXT Energy Solutions (SFD:TSXv, NSFDF:OTCBB) is a oil exploration technology company which is going to change how oil companies explore for oil, slashing its customers oil exploration costs, and helping some of the world’s fastest growing oil companies find oil cheaper and faster than ever before.
NXT Energy’s technology is the perfect solution to one of the energy industry’s biggest problems.
Right now the costs of finding a barrel of oil are at record highs and rising. A U.S. Energy Information Administration (EIA) study found the cost of finding and lifting a barrel of oil out of the ground is about $30. That’s an average of all oil regions around the world. It includes an estimated $7 per barrel in Saudi Arabia to $90 in the tar sands here in Canada.
NXT’s technology will reduce that cost significantly. And since the finding and lifting costs account for as much as half the market price of oil, any sizeable reduction in that cost will significantly increase an oil company’s bottom line.
The best part about NXT’s technology is it not a science experiment IT ACTUALLY WORKS!
It’s already in the field being used by multi-billion dollar private oil companies and even one of the world’s top national oil companies.
I am always on lookout for technology companies that are working to create real value and I think that SFD is a company that is in the forefront of oil exploration technology. This technology matures proven and profitable.
The 15 year Pay day.
President and Chief Executive Officer George Liszicasz, a Hungarian-born engineer who now lives in Canada, discovered a unique phenomenon in geology about 10 years ago.
The phenomenon he discovered relates to “the detection of subsurface stress changes in rocks.”
The Stress Field Detector (SFD) is NXT Energy’s wholly-owned technology which tracks, identifies, stores data about, and then analyzes the subsurface stress changes.
The SFD system has many benefits over traditional subsurface analysis tools. For example, by discovering and analyzing the subsurface stress changes, oil and gas companies can greatly increase the accuracy of early-stage oil exploration techniques, increase the size of the area they can search, refine targets for future drilling, and do it all at significantly less cost than they could with traditional technologies.
The technology is based on a complex series of sensors, which are placed in a small plane and flown over the selected area.
The sensors detect subterranean geological anomalies and the changes sub-surface changes in stress. For a more detailed explanation of how SFD works check out the website http://www.nxtenergy.com/
This difference is the competitive advantage for SFD.
Since SFD is airborne, it has many advantages over older subsurface geological analysis technologies. The biggest is size and speed. SFD can cover areas of land 100 times larger, cover them faster than traditional 2D and 3D seismic, and do it all without a dozens of personnel on the ground to move bulky equipment around.
And since SFD technology significantly reduces the time and costs of collecting seismic geological data, it really does have the potential to save the oil industry billions of dollars a year.
Finally, SFD is an innovation in an industry that’s still in high demand.
At the Right PLACE at the Right time
The seismic data collection industry has been one of the biggest winners of the current oil bull market.
CGG Veritas (NYSE:CGV) is one of the leaders in the seismic data collection industry. It sends out thousands of its employees across the world to help its oil company customers locate potential onshore and offshore oil reserves. It has a $4.5B market cap.
With oil prices back near triple-digits, CGG Veritas services are in high demand. Last year the company booked more than $2.9 billion revenue from its seismic services. It’s on pace to book more than $3.5 billion in sales this year. Analysts estimate the company will surpass $4 billion in revenues in 2013.
And CGG Veritas is just one company in the seismic information subsector of the oil industry. There are plenty of other smaller competitors who focus purely on seismic data collection and the large oil service companies like Schlumberger (NYSE:SLB) have entire corporate divisions devoted to seismic data analysis and collection.
There is a HUGE demand for the data which will help oil companies find more oil is in high demand and getting higher.
That’s where the value of SFD technology comes in. In all of the deployments of SFD technology, the net benefits to users of its technology were astounding.
Better than the rest
The real value of SFD technology is simple. It delivers significantly more data to its customers at much less cost.
Take an example of a $3.5 million seismic data collection effort using SFD technology and tradition 2D seismic technology.
The difference in area covered is striking:
(Source: NXT Energy Solutions Investor Presentation)
As the image above shows, the data collected from SFD is more than 20 times great than that of the 2D seismic.
More importantly, this example shows the 2D seismic campaign identified one potential oil reserve on the project. SFD, however, identified four potential oil reserves.
So the area covered is much greater and the potential oil discoveries to be made are much, much higher as well.
There’s another advantage here too. That’s time.
It takes weeks (often a couple of months) to shoot two or three kilometers of transitional 2D seismic.
SFD, however, can be run within a few days time because it is run from the sky and there is no bulky infrastructure and sensors which need to be laid out on the ground and collected afterwards. NXT Energy’s plane containing the SFD technology simply flies over the area.
All of this is why SFD has proven the potential to increase oil discoveries and reducing the cost by as much as 90%.
And most importantly, these are the reasons why some major oil companies are turning to SFD increase their productivity as inexpensively and efficiently as possible.
Big Oil and Small Oil Buy SFD Technology
Now, we’ve all seen a lot of new technologies in all sectors.
History is littered with inventors with better mousetraps and their disappointed investors.
Only a small fraction of a new technology will ever succeed. Most will simply fail.
That’s where NXT is already ahead of the game in this case.
NXT has a number of customers which have already used its SFD technology.
Its customer list includes many smaller oil and natural gas companies like Renaissance Energy, Nextstar Energy, Calpine Canada, Infinity Oil & Gas, and more.
But its customers also include some large, multi-billion dollar oil companies.
For example, Pacific Rubiales (TSX:PRE) has been one of the fastest growing oil companies in the world over the past decade. The company has successfully capitalized on tapping Colombia’s massive oil reserves and grown itself into a sizeable oil producer valued at nearly $7 billion.
The thing is, Pacific Rubiales has targeted even more growth in the years ahead. And it’s publicly announced its using SFD technology to reach its goals.
Back in 2009 Pacific Rubiales signed up for an SFD survey over some of its projects in Colombia. The survey had a budget of $2.3 million.
Jump ahead to today and an even bigger oil company has engaged SFD. Mexico’s national oil company,Petrol?os Mexicanos (PEMEX), has engaged NXT to complete a $4.73 million survey.
The survey couldn’t be coming at a more critical time either. PEMEX has faced declining oil production since 2003. The long decline is leading the current president of Mexico to overhaul the company , potentially bring in some private oil company partners, and to get PEMEX’s oil production back on the rise.
SFD technology will go a long way to getting that process started. And do it all at a fraction of the price of more traditional methods.
Simple is the name of the game.
If you’re looking for growth in the current economy, oil is one of the few places where there’s growth and its actually getting stronger, with growth in China, India and South America getting stronger day by day oil prices are bound to go up. I am predicting 200 dollar a barrel oil within the next years and even if it gets to a fraction of that you will see 10 bagger gains in SFD.
The inherent advantages to SFD technology have a strong foundation that will make NXT Energy Solutions into a short-term and long-term winner. Invest in the oil sector without facing poltical risks and dimishing reserves by putting some of your capital into a oil technology company. I am confident that this is going to be a great sector investment.
Pan American Fertilizer (CNSX: PAF) confirms high extraction rate of 39 tonnes of calcium sulphate per hour
Source: http://bit.ly/Qt0WFK
VANCOUVER, BRITISH COLUMBIA, October 17, 2012 – Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) is pleased to announce it has recently confirmed an hourly extraction rate of 39 tonnes per hour of calcium sulphate (agricultural gypsum) at its Santiago Del Estero, Argentina site.
“Our ability to extract our product at this impressive rate is a key milestone for Pan American and is part of our ongoing efforts to maximize the extraction capacity with our existing equipment configuration. This confirmed extraction rate, combined with our previously announced (June 21, 2012) execution of a test run of 24-hour operation extraction cycle, provides us with valuable information for current extraction capacity, add any additional pieces of equipment and duplicate the extraction methods on other parts of our property and new properties being acquired.” reported Randy Wright President and CEO of Pan American.
About Pan American Fertilizer Corp.
Pan American is a Canadian company dedicated to providing fertilizer to growing global markets specifically in South and Central America. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as “Agricultural Gypsum”) currently in Argentina. To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets and by expanding its markets to neighbouring countries with Argentina.
When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields. www.PAFertilzer.com
On behalf of the board of directors of Pan American Fertilizer Corp.
“Randy Wright”
Randy Wright
President and CEO
Pan American Fertilizer Corp. (CNSX: PAF) Provides An Update On Its Merger Partner, Pacific Potash Corporation
Source: http://bit.ly/TmnWH9
VANCOUVER, BRITISH COLUMBIA, October 12th, 2012 - Pan American Fertilizer Corp. (CNSX:PAF) (“Pan American” or the “Company”) is pleased to provide an update on Pacific Potash Corporation’s Brazilian operations located in the Amazonas basin. The Company and Pacific Potash Corporation (“Pacific Potash”) have signed an Arrangement Agreement in respect of a proposed business combination of the two companies, details of which are set out in the Company's news release dated September 21, 2012.
Representatives from Pacific Potash traveled to the property in late August and conducted a site visit, property tour and compiled historic and new information on the property and surrounding basin from various government and private sources. All information was compiled and analyzed extensively by Pacific Potash officials, management and Qualified Person(s) as defined by NI 43-101.
Pacific Potash used four basic criteria to review and prioritize its extensive land package:
Environmentally sensitive areas, natural reservation and indigenous land;
Accessibility (including logistically challenged areas, flooded ground, etc…)
Geomorphology
Geological potential
Based upon this review and prioritization, Pacific Potash has reduced its claims in the Amazonas Basin from 1,474,208 hectares to 805,834 hectares. A map outlining the updated property outline may be found at the bottom of the news release. The reduction in the size of the property is expected to focus Pacific Potash’s exploration efforts on the areas with the highest geologic potential, and significantly reduce the annual government taxes/fees required to maintain the property in good standing. Pacific Potash has also commenced an NI 43-101 qualifying report on the Amazonas Potash Property (“Property”). Pacific Potash is also investigating potential commercial offers form local and international strategic partners to earn an interest on a portion of the Property.
Dean Pekeski, P.Geo and Director of Pacific Potash stated “Our review, prioritization, and reduction in size of the Amazonas Property has allowed us to define three target areas. These areas will be further studied and prioritized, and we will develop appropriate potash exploration programs accordingly. The reduction in the size of the block will save Pacific Potash significant amounts of government fees. We can now direct these funds to our exploration program. Our goal remains to identify significant potash resources within our updated claim block.”
Randy Wright of Pan American commented “The new tenement package, the large amount of work being conducted by other Potash companies in the immediate area and the indefinite moratorium on new claims being offered by the Brazilian government in the basin bode well for the future exploration and development of Pacific Potash’s Amazonas basin potash property.”
Qualified Person
Dean Pekeski, P.Geol., a Director for Pacific Potash and a qualified person for the purposes of NI 43-101, has approved the preparation of the technical information in this news release.
About Pan American Fertilizer Corp.
Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as “Agricultural Gypsum”). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets.
When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields. www.PAFertilzer.com
About Pacific Potash Corporation
Pacific Potash Corporation trades on the TSX Venture Exchange under the symbol: PP, as well on the OTCQX under the symbol: PPOTF and on the Frankfurt Stock Exchange under P9P. Pacific Potash is engaged in the exploration and development of the Provost Potash Property and the surrounding potash claims targeting the prolific Prairie Evaporite Formation, which is host to multiple conventional and solution potash mines. The Company also has an option to acquire an 80% interest in Western Potash Corporation’s (TSX: WPX) Amazonas Basin claims.
On behalf of the board of directors of Pan American Fertilizer Corp.
“Randy Wright”
Randy Wright
President and CEO
FOR MORE INFORMATION, PLEASE CONTACT:
Jeff French
Investor Relations
jfrench@pafertilizer.com
(604) 638-3480
Marifil Resumes Operatorship of Las Aguilas
Source: http://bit.ly/Wd0pgC
VANCOUVER, B.C. -- OCTOBER 12, 2012, MARIFIL MINES LTD. (TSX-V: MFM) ("Marifil" or "the Company") is happy to announce that it has resumed operatorship of the Las Aguilas property. Marifil and Prophecy Platinum Corp. (TSX-V: NKL) have terminated their Joint Venture earn-in option on the Las Aguilas property, San Luis Province, Argentina.
Marifil has begun discussions with an Argentinean company that is interested in forming a partnership to develop the property.
John Hite, President of Marifil, comments: "While we are disappointed that Prophecy Platinum has elected not to move forward with Las Aguilas, we remain excited about the property and the opportunity to form a new partnership. Since Las Aguilas has a 43-101 (Wardrop Engineering) indicated plus inferred resources containing a minimum of 18,871 tonnes of copper, 18,796 tonnes of nickel, 1,381 tonnes of cobalt and 1,222,670 ounces of platinum plus palladium, we remain encouraged about its near-term development possibilities. We look forward to partnering with a company that will focus on expanding this resource and engaging in mine development, and are confident in the project's potential."
For more information on the Las Aguilas property, please visit Marifil's website or Marifil's May 11, 2011 news release.
On Behalf of the Board of Directors,
John Hite
President
You're welcome
Seeking Alpha recently came out with an article on Intel talking about the launch and giving an opinion on the companies value: http://bit.ly/TwDfT3
Pan American Fertilizer (CNSX: PAF) Announces LOI for the Sale of up to 50,000 Tonnes of Calcium Sulphate to Paraguay
Video of news release: http://bit.ly/Tq9ao2
VANCOUVER, BRITISH COLUMBIA, October 9th, 2012 – Pan American Fertilizer Corp., (CNSX: PAF) (“Pan American” or the “Company”) is pleased to announce that it has entered into a non-binding letter of intent (the “LOI”) with Agro Industrial Campos Nuevos S.A. (“Agro Industrial”). Under the terms of the LOI, Pan American will sell Agro Industrial between 30,000 and 50,000 tonnes of Calcium Sulphate (Agricultural Gypsum) over a 12 month period at a mutually agreed price per tonne.
“This sales LOI is an extremely important milestone for Pan American. It not only represents our first international sales agreement, but also demonstrates the massive potential international market for our product. The testing that Agro did validates the quality of our product and we expect to establish many more strategic sales arrangements with international partners” reported Randy Wright, President and CEO of Pan American.
“We at Agro Industrial are very pleased with the signing of this LOI with Pan American. We have long been searching for a partner that can provide a high quality product in a professional and timely manner. We feel we have found that partner in Pan American” reported Nivaldo Ouriques, President of Argo Industrial.
About Pan American Fertilizer Corp.
Pan American is a Canadian company dedicated to providing fertilizer to growing global markets specifically in South and Central America. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as “Agricultural Gypsum”) currently in Argentina. To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets and by expanding its markets to neighbouring countries with Argentina.
When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields. www.PAFertilzer.com
Congrats to IntelGenx for finally coming out with this news. Here's a video that came out with this news release done by "viral news"
video: http://bit.ly/Pl9ROz
Independent analyst update on IntelGenx by the healthcare analyst at Aegis Capital Corp.
Full Update: http://bit.ly/PcSaRt
Here are the "Investment Highlights" from the report:
¦ Forfivo™ Launch Next Week. The firm's first marketed product,
the high-dose antidepressant agent Forfivo™, is being launched by
IntelGenx's specialty sales partner, Edgemont Pharmaceuticals. A
formal announcement of the commercial availability of Forfivo™ is
expected early next week. In anticipation of the launch of this drug,
which we expect to trigger additional milestone payments to IntelGenx
totaling up to $4mm, we reiterate our Buy rating on IGXT shares.
We are also raising our 18-month price target from $2.50 to $3.00
per share, reflecting both our enthusiasm for the Forfivo™ launch and
in reflection of recent warrant expirations, which have reduced our
projected fully-diluted share count.
¦ Buprenorphine / THC Combo Product To Star In 2013. We
believe that IntelGenx's proprietary buprenorphine / THC combination
product, which melds the painkiller buprenorphine with the active
agent in cannabis, tetrahydrocannabinol (THC), could be a substantial
new product for the firm. Unlike the majority of IntelGenx's other
drug candidates, the buprenorphine / THC combo is a novel product
that does not have any direct replicate in the pharmaceutical industry.
IntelGenx has demonstrated in animal models that there is a significant
synergistic effect on pain when buprenorphine and THC are combined
in its product, when compared to buprenorphine or THC alone. In
our view, the applications for this product candidate are varied and
commercially attractive, spanning breakthrough cancer pain, postoperative pain and chronic pain indications.
¦ Solid Financial Footing. IntelGenx closed the second quarter of 2012
with cash of $3.1mm on hand, a decrease of $0.4mm from the end of
2011 and slightly below the cash position of $3.2mm reported at the
end of June 2011. This illustrates the firm's low burn rate. We expect
the firm to close 2012 with roughly $2.5mm in cash.
¦ Par Project Partnership Advancing. While IntelGenx has yet to
disclose which candidates it is developing with Par Pharmaceutical Co.
Inc., the progress of these candidates continues. We believe that over
the course of 2013, Par and IntelGenx could disclose the identities of
these agents and the timing with which they might reach the market.
It will hopefully be sometime in the next week, can't say for sure though. Will keep you posted if there's any more information that can be released.
Pan American Fertilizer (CNSX: PAF) Announces Mining Lease Agreement for EL TABLEADO Property
VANCOUVER, BRITISH COLUMBIA, October 2, 2012 - Pan American Fertilizer Corp., (CNSX:PAF) ("Pan American" or the "Company") is pleased to announce that it has entered into a mining lease agreement (the "Agreement") in respect of the El Tableado property (the "Property") with Luis Peschiutta ("Peschiutta") to acquire exploration rights to the Property. The Property has a surface area of approximately 2,200 hectares and is located in the Province of Santiago del Estero in northern Argentina.
Pursuant to the terms of the Agreement, the Company has been granted the right to explore the Property for a quarry of gypsym for an initial term of 20 years and will be responsible to lead all mining exploration and exploitation activities. If, after one year, operations on the Property are not economically feasible, the Company has the right to terminate the Agreement by providing two-months notice. Both parties have agreed to re-negotiate a new agreement at the end of the term.
As compensation, effective November, 2012, the Company will pay Peschiutta the greater of (i) US$5,000 per month and (ii) US$2.00 per ton extracted from the Property per month (the "Lease Price"). The parties have agreed to re-negotiate the Lease Price every twelve months throughout the term.
The Property has not had previous exploration and is not currently permitted for exploration. The Company is in the process of applying for an exploration permit for the Property.
"The signing of the El Tableado mining lease agreement is consistent with Pan American's ongoing commitment to enhancing shareholder value through the identification and addition of strategic assets. The favorable terms of this agreement will allow Pan American to further establish itself as key player in the South American fertilizer market by increasing its current extraction potential" reported Randy Wright, President and CEO of Pan American.
About Pan American Fertilizer Corp.
Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as "Agricultural Gypsum"). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets.
When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields. www.PAFertilzer.com
Source: http://bit.ly/Ps50FY
IntelGenx to Present at the 2012 Aegis Healthcare Conference in Las Vegas
Source: http://bit.ly/VOiq3A
SAINT LAURENT, Quebec, Sept. 27, 2012 (GLOBE NEWSWIRE) -- IntelGenx Corp. (TSX-V:IGX) (OTCQX:IGXT) ("IntelGenx") today announced that Dr. Horst Zerbe, the Company's President and CEO, will be presenting at the 2012 Aegis Capital Healthcare Conference. Dr. Zerbe's presentation will commence at 9:00am PT on Saturday, September 29, 2012 at The Wynn Resort in Las Vegas, Nevada.
About Aegis Capital
Founded in 1984, Aegis Capital Corp. is a full service retail and institutional broker-dealer located in New York City. Aegis Capital's management is committed to providing the highest level of service to its clients. The firm realizes this goal by running an independent, conflict-free platform that is focused on enhancing the goals of our clients by bringing unencumbered advice, which enables them to freely create a plan centered on each client. Aegis Capital continues to meet the challenging and changing markets by investing in world-class services such as access to independent research for its financial advisors and their clients from JP Morgan, Bloomberg, Moody's, Lipper, Best Independent Research LLC, and Argus Research. Aegis Capital's clients have access to Asset Management Services with world-class managers.
About IntelGenx:
IntelGenx is a drug delivery company focused on the development of oral controlled-release products as well as novel rapidly disintegrating delivery systems. IntelGenx uses its unique multiple layer delivery system to provide zero-order release of active drugs in the gastrointestinal tract. IntelGenx has also developed novel delivery technologies for the rapid delivery of pharmaceutically active substances in the oral cavity based on its experience with rapidly disintegrating films. IntelGenx' research and development pipeline includes products for the treatment of severe depression, hypertension, erectile dysfunction, benign prostatic hyperplasia, migraine, insomnia, idiopathic pulmonary fibrosis, allergies and pain management. More information is available about the company at www.intelgenx.com.
Forward Looking Statements:
This document may contain forward-looking information about IntelGenx' operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about IntelGenx' plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "could," "would," and similar expressions. All forward looking statements are expressly qualified in their entirety by this cautionary statement. Because these forward-looking statements are subject to a number of risks and uncertainties, IntelGenx' actual results could differ materially from those expressed or implied by these forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in IntelGenx' annual report on Form 10-K for the fiscal year ended December 31, 2011, filed with the United States Securities and Exchange Commission and available at www.sec.gov, and also filed with Canadian securities regulatory authorities and www.sedar.com. IntelGenx assumes no obligation to update any such forward-looking statements.
Each of the TSX Venture Exchange and OTCQX has neither approved nor disapproved the contents of this press release.
Great news I'm excited for these guys, I like the project and the 43-101 has a lot of promise. Don't seem to be moving much now but I think this will change as the day goes on, there's a lot of buzz about this.
They also came out with a video release of the news release: http://bit.ly/Ut4bik
Pan American Fertilizer Corp. (CNSX: PAF) Announces Signing Of Arrangement Agreement
September 21, 2012
NOT FOR DISTRIBUTION TO U.S. MEWSWIRE SERVICES OR DISSEMINATEION IN THE UNITED STATES
VANCOUVER, BRITISH COLUMBIA, September 21, 2012 – Pan American Fertilizer Corp. (CNSX: PAF) (“Pan American” or the “Company”) is pleased to announce that further to its press release dated August 14, 2012, it has entered into an arrangement agreement dated September 18, 2012 (the “Arrangement Agreement”) with Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P) (“Pacific Potash”) to acquire 100% of the issued and outstanding common shares of Pacific Potash by way of a statutory plan of arrangement (the “Transaction”) which will constitute a “major acquisition” for Pan American under the policies of the Canadian National Stock Exchange (the “CNSX”).
In connection with the Transaction, a wholly owned subsidiary of the Company (“Subco”), will amalgamate with Pacific Potash, the amalgamated company will become a wholly-owned subsidiary of Pan American and Pan American will issue securities of Pan American to the former security holders of Pacific Potash. The Pan American securities will be issued on the basis of one Pacific Potash security for 0.6312 of a Pan American security (the “Exchange Ratio”), such that the Company is expected to issue an aggregate of 25,234,135 common shares and 13,411,227 options or warrants to the security holders of Pacific Potash. Any options or warrants issued by the Company will have the same terms as the currently outstanding Pacific Potash options or warrants, subject to adjustment pursuant to the Exchange Ratio.
The parties have agreed to work diligently to close the Transaction no later than December 31, 2012 (the “Closing”). The Transaction is subject to the satisfaction or waiver of the conditions set out in the Arrangement Agreement, including receipt of an order of the Supreme Court of British Columbia, the approval of the CNSX and TSX Venture Exchange (“TSXV”) and the approval by a special majority of the Pacific Potash shareholders. There can be no assurance that the Transaction will be completed as proposed or at all.
Pan American’s common shares are currently listed on the CNSX. It is currently anticipated that Pan American will make an application for listing on the TSXV upon closing of the Transaction. The listing is conditional upon receipt of all applicable regulatory approvals, including approval of the TSXV. There can be no assurance that such listing will be completed.
Concurrent Financing
In connection with the Transaction, Pan American intends to complete a private placement of units (each a “Unit”) and subscription receipts (each a “Subscription Receipt”) at a price of $0.40 per Unit or Subscription Receipt, as applicable, for total aggregate minimum gross proceeds of $2,000,000 and maximum aggregate gross proceeds of $5,000,000 (the “Concurrent Financing”). Each Subscription Receipt will be deemed to be exchanged upon certain release conditions being met, without payment of any additional consideration, for one Unit. Each Unit will be comprised of one common share of Pan American and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one common share of Pan American at a price of $0.60 for a period of two years from the Closing Date. The Warrants are subject to an accelerated expiry whereby if the volume weighted average trading price of Pan American’s common shares exceeds $0.95 for a period of 20 consecutive trading days, Pan American may provide notice to the Warrant holders of early expiry and the Warrants will expire on the date which is 30 days after the date of such notice.
The securities to be issued in the Concurrent Financing will be exempt from the prospectus and registration requirements of applicable securities laws in Canada. All such securities will be subject to a hold period of four months and one day from the date of closing of the Concurrent Financing.
In connection with the Concurrent Financing and the Transaction, Pan American may pay finder’s fees in cash, securities or a combination of both, up to the maximum amount permitted by the TSXV or CNSX, as applicable.
Pan American intends to use the proceeds of the Concurrent Financing to fund the costs of the Transaction and to fund the general working capital expenses of the resulting issuer.
Board of Directors
Upon completion of the Transaction, it is anticipated that the board of directors will consist of seven members, four of which will be nominees of Pan American and three of which will be nominees of Pacific Potash. It is currently expected that the board will be comprised of the following directors:
Randy Wright - Mr. Wright has over 30 years experience in oil & gas, construction, power generation and mining industries, much of this experience being in South America. He has founded, owned and operated several companies throughout the course of his career. Prior to becoming the President and CEO of Pan American, he owned a company primarily focused on providing oil and gas energy services which experienced growth in gross sales to $120 million.
Ben Wendland - Mr. Wendland comes from a background of construction and real estate development. Mr. Wendland combines work in the profit sector with leadership in the not-for-profit arena. Since developing a chain of business career training institutions, and leading a software company, Mr. Wendland is now CEO of a marine transportation company in Richmond, B.C., Hodder Tugboat Co. Ltd. Formerly chair of the Better Business Bureau of British Columbia. Mr. Wendland currently works with the ALS Society of Canada, Millennium Relief and Development Canada, as well as an orphanage in Uganda caring for 2600, Watoto Childcare Ministries.
Dean Pekeski - Mr. Pekeski is a Professional Geologist registered in the provinces of Manitoba and Saskatchewan. He is a graduate from the University of Western Ontario with over 17 years experience in mineral exploration. From April 1996 until March 2008, Mr. Pekeski was employed as an exploration geologist and project manager for Rio Tinto Exploration where he explored for base metal and diamond deposits across Canada, Southern Africa, and India. Mr. Pekeski's accomplishments include leading the Rio Tinto exploration team that discovered, and evaluated the diamondiferous Bunder kimberlites in India. His most recent responsibilities included managing Rio Tinto’s diamond exploration programs in North America. He currently manages Western Potash Corporation's Potash Exploration Programs.
Steve Khan - Mr. Khan currently serves as President, Director and Chairman of Strathmore Minerals and is a founder and former senior executive officer of Fission Energy as well as Director for several other TSXV listed companies. He is also a former senior executive of a number of Canadian national brokerage houses. Mr. Khan has initiated and managed major joint venture projects with Chinese and Korean and a Global Fortune 500 Japanese private Company. He has over 27 years of leadership in the global venture capital markets. He has earned a BSc. and MBA from UBC, and is a Chartered Financial Analyst.
Jody Dahrouge – Mr. Dahrouge currently serves as the Senior Vice President of Exploration and a Director for Pacific Potash Corporation, acting as the Company’s Qualified Person for the purpose of NI 43-101. Jody is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta and British Columbia, and the President of Dahrouge Geological Consulting Ltd. He has over 20 years’ experience in asset analysis, M&A evaluation, and international mining exploration.
Carlos Fernandez Mazzi - Carlos H. Fernandez Mazzi is currently the CEO and Director of Dicon Gold, a private gold company focused on acquiring distressed production opportunities in Latin America. Carlos is also on the Board of Levon Resources leading the Project Development Committee for the Cordero project. Previously, Mr. Fernandez Mazzi was CEO of the William J. Clinton Foundation's Clinton Giustra Sustainable Growth Initiative, which has been financially backed by Frank Giustra and Carlos Slim Helu with an initial commitment of $100 million dollars each. Previously, Carlos, as local CEO, spearheaded the strategy, financing, and development of the San Cristobal silver mine in Bolivia. With over $1.0 billion of investment in one of the poorest districts in the country, this project gained international recognition for sustainable solutions to human development while building social capital by providing economic opportunities through social entrepreneurship initiatives.
Ignacio J. Randle - Ignacio Randle, working out of Buenos Aires, Argentina, advises domestic and foreign clients in international business transactions, transnational investment, and M&As, with emphasis in energy and natural resources projects. He is recognized globally as one of the world’s top mining lawyers. His mining practice covers exploration, development and production; including title review, due diligence, permitting, engineering, construction, operation, option, lease, royalty, purchase and joint-venture agreements, as well as mining-related compliance, litigation, tax, regulatory, private and public financing, employment, corporate, community and environmental health and safety matters. He received his law degree from the Catholic University of Argentina in 1986 and his Master in Laws (LLM) degree from the University of Chicago Law School in 1990. He practiced as a foreign attorney with Baker & Botts in Houston, Texas and in Washington, DC, and with McDermott, Will & Emery in Chicago, Illinois.
Bridge Loan
On September 13, the Company entered into a loan agreement with an arm’s length lender (the “Lender”), for a loan in the principal amount of $375,000, (the “Loan”). The loan carries an interest rate of 12% per annum and is payable on August 31, 2013 (the “Maturity Date”). The Loan is secured with a first priority general security over all of the assets of the Company. The Lender has the right to demand repayment from proceeds of any future equity financings completed by the Company. In the event of default, the Company is required to pay the Lender a $30,000 penalty in addition to the principal amount and any accrued interest.
As additional compensation for the Loan, the Company will issue 50,000 common shares of Pan American to the Lender on the earlier of (i) September 13, 2013; and (ii) the closing of any future financing. Such shares will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.
The purpose of the Loan is to provide the Company with general working capital.
About Pan American Fertilizer Corp.
Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as “Agricultural Gypsum”). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets.
When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields.
About Pacific Potash Corporation
Pacific Potash Corporation trades on the TSXV under the symbol “PP”, as well on the OTCQX under the symbol “PPOTF” and on the Frankfurt Stock Exchange under the symbol “P9P”. Pacific Potash is engaged in the exploration and development of the Provost Potash Property and the surrounding potash claims targeting the prolific Prairie Evaporite Formation, which is host to multiple conventional and solution potash mines. The Company also has an option to acquire an 80% interest in Western Potash Corporation’s (TSX: WPX) Amazonas Basin claims.
On behalf of the board of directors of Pan American Fertilizer Corp.
“Randy Wright”
Randy Wright
President and CEO
Source: http://bit.ly/PH3YI6
Up over 90% right now in light of the news that just came out!
Saw this video news release they put out as well, explains the techs well http://bit.ly/RUbMZh
Today's news could be the first of many contracts awarded to SFD as its technology gains commercial acceptance. They've been in the dark for a while now as just another 'black box' company that's been swiftly swept to the side with a myriad of other companies. Add to its beginning of commercial acceptance with recent record earnings and it looks like SFD could be going places. Good to see their up after the news today, looking forward to see how they progress.
Defining over 1m oz AU in the resource estimate, always good news to hear! Was thinking it would pop but is still holding back. Am going to be watching this one closely the next couple days, I see a strong run coming.
They also came out with a video on the news release: http://bit.ly/QrxRxf
New Zone Discovered Hole Returned 19.21 G/T Au Over 5.6 Metres
Full Article: http://bit.ly/TELCJx
Val-d'Or, Quebec -- NioGold Mining Corporation (TSX-V: NOX) (OTCQX: NOXGF) ("NioGold") reports that Phase Two exploration on its Marban Block property in Quebec has identified a new high grade gold zone and extended the Marban deposit on strike and at depth. The results from 31 drill holes conclude a very successful program conducted under the $20 million earn-in option to be spent by Aurizon Mines ("Aurizon") on the property. Approximately $9 million remains on the commitment. The Marban Block is located in the Malartic gold camp, Abitibi region of Quebec.
The new gold zone was discovered at about 500 metres north of the Marban deposit and at 350 metres south of the Norlartic deposit. Two holes intersected a mineralized dioritic dike.
The results of the new zone are:
19.40 g/t Au over 1.2 m on section 3600 at a vertical depth of 92 m (MB-12-323)
19.21 g/t Au over 5.6 m on section 3600 at a vertical depth of 215 m (MB-12-324)
This discovery occurred in the 13 exploration holes which were drilled outside the Marban deposit limits. One hole investigating the stratigraphy of the Marban deposit at great depth revealed the continuity of the Marban system down to a depth of 780 vertical metres with hole MB-12-322 (1.77 g/t Au over 6.5 m) which is about 450 metres from the deepest information on that section of the deposit. North of the Marban deposit, a group of 5 holes intersected the Norlartic system thus confirming its eastern extension.
Results from the 18 others holes that were drilled on the Marban deposit are distributed on a strike of 1,025 meters and include the Eastern Down Dip Zone ("EDDZ") and Western High Grade Zone ("WHGZ").
Drilling highlights from the EDDZ include:
3.74g/t Au over 6.4 m on section 4700 at a vertical depth of 245 m (MB-12-317)
4.51 g/t Au over 6.0 m on section 4600 at a vertical depth of 375 m(MB-12-319)
In-fill drill holes on the WHGZ include the following highlights:
19.35 g/t Au over 1.2 m on section 3725 at a vertical depth of 100 m (MB-12-309)
20.70 g/t Au over 0.7 m and 14.65 g/t Au over 1.2 m on section 3675 at a vertical depth of 50 m and 60 m respectively (MB-12-312)
1.31 g/t Au over 19.7 m on section 3700 at a vertical depth of 35 m (MB-12-314)
21.40 g/t Au over 0.9 m on section 3850 at a vertical depth of 30 m (MB-12-327)
"These are extremely encouraging results," said Mike Iverson, NioGold's Chairman and CEO. "We made a new discovery between the Marban and Norlartic deposits. We extended the Eastern Down Dip Zone with wide, high-grade intervals, while in-fill drilling in the Western High Grade Zone continued to deliver high grade values over small widths and lower grade intervals over larger widths. We look forward to the Phase Three program, which NioGold and Aurizon expect to begin in late August or early September."
Summer Shopping Opportunities for Mining Equities Abound: Rick Mills
Take a look at this Gold Report article where they interview Rick Mills as he mentions a number of mining companies including NioGold.
A quote from the article: "It's hard to find value like a NioGold or a Terraco and the upside of an exploration program such as Altier's."
Find the full article here: http://bit.ly/LJFJK4
Yeah I agree, these are some pretty impressive results but no one seems to be very excited over them. People are in the mindset of not believing a run until they actually see it.
Been dropping down since the news came out and they removed the halt..everyone's just selling it.
Might be a good idea to let this drop a couple more points and get it long, but like you said, this is a bad market and people are not very optimistic.