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  1. Spotlight Venture: Spanish Mountain Gold Provides Feasibility Study Timeline & Project Update

    February 22, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 - Spanish Mountain Gold Ltd. (“the Company”) (TSX VENTURE:SPA) is pleased to announce that it intends to proceed with a Feasibility Study (“FS”) for its Spanish Mountain Gold Project (“the Project”) located in central British Columbia, Canada.

    Full coverage of SPA: http://stockgurucanada.com/?s=spa

    Join in the Discussion of SPA at:  http://members.stockguru.com/stocks/spa

    The Company will retain the same team of highly respected professionals, led by Tetra Tech (formerly Wardrop) as Project Manager, to complete a National Instrument 43-101 compliant feasibility study, by the third quarter of 2013.

    The Company previously announced the commencement of a Pre-Feasibility Study (the “PFS”) for the Project in a news release dated August 31, 2011 and indicated that it may elect to initiate a Feasibility Study without prior completion of the PFS. With the recent discovery of the Phoenix Zone (as disclosed in the Company’s news release dated December 07, 2011) located approximately two kilometers west of the Main Zone within the Project area, the Company believes that the optimal strategy is to quantify and include the new Phoenix zone in the Project’s economic studies without adversely impacting the schedules for the completion of the FS and the subsequent potential mine development. Prior to the completion of the definitive FS, the Company expects to provide a technical report during the third quarter of this year that will refine the estimates of capital and operating costs forming the basis for the Preliminary Economic Assessment completed in December, 2010. The report is expected to reflect the development of the Main and North Zones (hereinafter referred to as the “Main Zone”) as well as the Phoenix Zone and will include the results from the studies currently underway in the areas of resource definition, geotechnical, metallurgical, tailings facilities and power supply.

    Current Drilling Program

    In conjunction with the ongoing economic assessment of the Project, the Company has commenced in-fill drilling of the Main Zone with the objective of enabling a further re-classification of the multi-million ounce inferred resource to the measured and indicated categories. This program is expected to last three months and will include total drilling in excess of 25,000 metres. To date, 33 holes have been completed out of the total program of 142.

    The Company also plans to further define the Phoenix Zone with an initial drill program totalling approximately 15,000 metres with the objective of publishing an initial resource statement for this deposit in the inferred category within the next six months.

    Project Studies

    Significant progress has been made in the project studies since their commencement in August, 2011, with a number of areas achieving or approaching a prefeasibility level of detail. A staged development plan starting at 25,000 tonnes per day (tpd) and increasing to 40,000 tpd is being used as the basis for advancing the engineering studies. Due to higher grades to be processed during the first stage, the gold production using this scenario would be nearly constant for the life of mine at about 200,000 ounces per year. Geotechnical studies have advanced to a prefeasibility level of detail and the results of this work are being used for pit development and optimization studies. The metallurgical development of the project has advanced through variability testing and the results of the testwork are being used for the design and costing of a process plant to a prefeasibility level of accuracy. A staged development scenario has been developed for the tailings storage facility and these studies will also achieve a prefeasibility level of detail within the next few months. Studies of alternatives for the supply of power to the project for the two production levels are advancing. All studies that are being carried out for waste characterization are advancing beyond the level of detail that is usual for a prefeasibility level of study.

    Brian Groves, President and CEO stated: “The discovery of the Phoenix Zone in the Cedar Creek area has the potential to significantly enhance the economic robustness of the Project. We are focused on defining the financial impact of the discovery of Phoenix for the Project and for shareholders. It is a rare occurrence to both discover a new zone of mineralization at this stage of project development and to have the financial resources to demonstrate the value of the discovery.”

    About Spanish Mountain Gold

    Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has a strong cash position with no debt and owns 100% of four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com

    On Behalf of the Board,

    SPANISH MOUNTAIN GOLD LTD.

    Brian Groves, President and CEO

    This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, believes”, “estimates”, “predicts”, “potential”, or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Management has assumed that these will be our major projects going forward. Risks include that we are unable to satisfy environmental or other regulators, that we determine that our resources are not commercially viable, or that we have difficulties due to unavailability of labour or equipment.

    While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.

    The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

     

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

    John Pentony
    Publisher, StockGuru.com and StockGuruCanada.com

    Tel: 469-252-3031
    Email: john@stockgurucanada.com

    Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.


  2. Spotlight Venture: Spanish Mountain Gold Provides Feasibility Study Timeline & Project Update

    February 22, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 - Spanish Mountain Gold Ltd. (“the Company”) (TSX VENTURE:SPA) is pleased to announce that it intends to proceed with a Feasibility Study (“FS”) for its Spanish Mountain Gold Project (“the Project”) located in central British Columbia, Canada.

    Full coverage of SPA: http://stockgurucanada.com/?s=spa

    Join in the Discussion of SPA at:  http://members.stockguru.com/stocks/spa

    The Company will retain the same team of highly respected professionals, led by Tetra Tech (formerly Wardrop) as Project Manager, to complete a National Instrument 43-101 compliant feasibility study, by the third quarter of 2013.

    The Company previously announced the commencement of a Pre-Feasibility Study (the “PFS”) for the Project in a news release dated August 31, 2011 and indicated that it may elect to initiate a Feasibility Study without prior completion of the PFS. With the recent discovery of the Phoenix Zone (as disclosed in the Company’s news release dated December 07, 2011) located approximately two kilometers west of the Main Zone within the Project area, the Company believes that the optimal strategy is to quantify and include the new Phoenix zone in the Project’s economic studies without adversely impacting the schedules for the completion of the FS and the subsequent potential mine development. Prior to the completion of the definitive FS, the Company expects to provide a technical report during the third quarter of this year that will refine the estimates of capital and operating costs forming the basis for the Preliminary Economic Assessment completed in December, 2010. The report is expected to reflect the development of the Main and North Zones (hereinafter referred to as the “Main Zone”) as well as the Phoenix Zone and will include the results from the studies currently underway in the areas of resource definition, geotechnical, metallurgical, tailings facilities and power supply.

    Current Drilling Program

    In conjunction with the ongoing economic assessment of the Project, the Company has commenced in-fill drilling of the Main Zone with the objective of enabling a further re-classification of the multi-million ounce inferred resource to the measured and indicated categories. This program is expected to last three months and will include total drilling in excess of 25,000 metres. To date, 33 holes have been completed out of the total program of 142.

    The Company also plans to further define the Phoenix Zone with an initial drill program totalling approximately 15,000 metres with the objective of publishing an initial resource statement for this deposit in the inferred category within the next six months.

    Project Studies

    Significant progress has been made in the project studies since their commencement in August, 2011, with a number of areas achieving or approaching a prefeasibility level of detail. A staged development plan starting at 25,000 tonnes per day (tpd) and increasing to 40,000 tpd is being used as the basis for advancing the engineering studies. Due to higher grades to be processed during the first stage, the gold production using this scenario would be nearly constant for the life of mine at about 200,000 ounces per year. Geotechnical studies have advanced to a prefeasibility level of detail and the results of this work are being used for pit development and optimization studies. The metallurgical development of the project has advanced through variability testing and the results of the testwork are being used for the design and costing of a process plant to a prefeasibility level of accuracy. A staged development scenario has been developed for the tailings storage facility and these studies will also achieve a prefeasibility level of detail within the next few months. Studies of alternatives for the supply of power to the project for the two production levels are advancing. All studies that are being carried out for waste characterization are advancing beyond the level of detail that is usual for a prefeasibility level of study.

    Brian Groves, President and CEO stated: “The discovery of the Phoenix Zone in the Cedar Creek area has the potential to significantly enhance the economic robustness of the Project. We are focused on defining the financial impact of the discovery of Phoenix for the Project and for shareholders. It is a rare occurrence to both discover a new zone of mineralization at this stage of project development and to have the financial resources to demonstrate the value of the discovery.”

    About Spanish Mountain Gold

    Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia, Canada. The Company has a strong cash position with no debt and owns 100% of four gold properties located in British Columbia. Additional information about the Company is available on its website: www.spanishmountaingold.com

    On Behalf of the Board,

    SPANISH MOUNTAIN GOLD LTD.

    Brian Groves, President and CEO

    This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, believes”, “estimates”, “predicts”, “potential”, or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Management has assumed that these will be our major projects going forward. Risks include that we are unable to satisfy environmental or other regulators, that we determine that our resources are not commercially viable, or that we have difficulties due to unavailability of labour or equipment.

    While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.

    The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

     

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

    John Pentony
    Publisher, StockGuru.com and StockGuruCanada.com

    Tel: 469-252-3031
    Email: john@stockgurucanada.com

    Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.


  3. Spotlight Venture:Calypso Uranium Announces A Second Discovery of Uranium Mineralization, New Positive Results and Its Follow Up Program at the Cerro Solo Uraniferous District, Argentina

    February 22, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 - CALYPSO URANIUM CORP. (TSX VENTURE:CLP) (“Calypso” or the “Company”) – Calypso President Stephen Barley is pleased to announce the second significant discovery of surface uranium mineralization at its San Jorge Basin Project, Argentina. The Company has also received additional positive results from the follow up program at the first discovery zone announced in August. These discoveries were the results of the initial prospective field programs at the Bella Vista and La Flecha prospects, both included in the San Jorge Basin Project, confirming the exploration potential of this uranium district. Calypso is currently advancing an intensive regional summer exploration program at this Project, including a 3,000 meter RC drill program. Calypso’s exploration activity in Argentina is led by Energía Mineral with the participation of Cameco Global Exploration under the joint venture Option Agreement signed in September 2010.

    Full coverage of CLP: http://stockgurucanada.com/?s=clp

    Join in the Discussion of CLP at:  http://members.stockguru.com/stocks/clp

    “The discoveries achieved by our exploration team in just a few field campaigns confirm the uranium exploration potential of the district and support the upcoming drill program, which should contribute to further identifying uranium mineralization at this highly prospective San Jorge Basin project,” said Guillermo Pensado, Vice President of Exploration and President of Calypso’s subsidiary Energía Mineral.

    The San Jorge Basin Project includes property tenures for about 148,000ha (1,480km2) within the primary uraniferous district in Argentina. This district includes the Cerro Solo deposit, one of the two known Argentine uranium resources. Cerro Solo, a uranium sandstone type deposit, is controlled by the National Atomic Energy Commission (CNEA) and contains geological resources of 12,207 tonnes U3O8 using 0.01% U308 cut off (CNEA, 2005). These resources are not NI 43-101 compliant but are believed to be reliable This strongly uranium-mineralized basin is the site of the most concentrated uranium exploration activity in Argentina.

    BELLA VISTA PROSPECT

    Geological mapping and geochemical sampling has been completed for a 3,500ha area at the Bella Vista Prospect. The sampling was mainly collected over altered fine tuff of the Cerro Barcino Formation, a unit that overlaps the prospectable Los Adobes Formation that comprises the Cerro Solo uranium deposit to the north. Four channel sampling sections were conducted normal to a stratiform altered and mineralized horizon along a 200-meter distance. The average thickness was 9.7 meters with an adjusted grade of 322 ppm U3O8 (or 0.64 lb/ton U3O8; samples #11,798 to #11,839), included in channel #1 9.5 meters grading 613ppm U3O8 (or 1.22 lb/ton U3O8; samples #11,806 to #11,814). The Company expects to complete the surface field work at this discovery prospect with a RC drill program during the current summer field season.

    LA FLECHA PROSPECT

    The follow up exploration program at this Prospect exposed more uranium mineralization than originally mapped. A limited number of soil samples collected in a new area with scarce outcrops yielded values between 397 ppm and 6,907 ppm U3O8 (or 0.78 and 13.80 lb/ton U3O8; samples 11,752 & 11,748, respectively). Those samples showed pathfinder anomalies such as Vanadium, up to 4,987 ppm (#11,749); and Molybdenum, up to 190 ppm (#11,753). These values could be indicating multi-metal feeder brines and the presence of a wider system than originally observed.

    FOLLOW UP EXPLORATION & DRILLING PROGRAM

    The exploration team is currently focused on the La Bombilla prospect, internally ranked as highly prospectable since the Los Adobes formation outcrops in the area and shows high radiometric anomalies on surface, as well as strong alteration. Field work includes mapping, geochemical sampling and geophysics surveys in order to select drilling targets.

    A 3,000-meter RC drilling program is scheduled to begin on March 1st. The program will test the targets previously defined at the Bella Vista and La Bombilla prospects. The RC program will take samples every meter and bore hole surveys will be run by the in-house geophysics team.

    QAQC

    The Company conducts QAQC protocols at every exploration phase. The surface prospecting and exploration geochemical sampling includes approximately 12% control samples, while every drill program includes approximately 20% control samples. They include twin samples, fine and coarse certified blanks, fine and coarse duplicates and internal certified standards.

    The technical information contained in this document has been reviewed and approved by Dr Jon P. Thorson, PhD, CPG #10944 (AIPG), an independent Consulting Geologist, as the qualified person as defined by NI 43-101.

    About Calypso

    Calypso Uranium Corp. is a mineral exploration company whose principal focus is the exploration and development of uranium properties in Argentina and in the United States. Calypso is active in Argentina with more than 460,000 hectares or 4,600km2 of claims and mineral concessions in the provinces of Chubut, Mendoza and Neuquén. In September 2010, Calypso signed an Option Agreement with Cameco Global Exploration Ltd., to explore and develop Calypso’s uranium projects in Argentina with the exception of the Huemul property in the Province of Mendoza which is being retained by Calypso. Through the Argentine branch of its subsidiary Energía Mineral Inc., the Company has an exploration office located in Mendoza working closely with local communities and local, provincial and national authorities while operating to the highest national and international safety, environmental and ethical standards. While maintaining its principal focus on the development of the Argentine uranium projects, Calypso has a 51.4% interest and is operator of the Sage Creek properties located in Converse County, Wyoming. Calypso is well-funded to advance all exploration projects and has the technical team and management structure for this effort. Further information is available at the website, www.calypsouranium.com, or filed under the Company’s profile at www.sedar.com.

    CALYPSO URANIUM CORP.

    Stephen Barley, President & CEO

    Shares Outstanding: 50,630,819

    This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

    John Pentony
    Publisher, StockGuru.com and StockGuruCanada.com

    Tel: 469-252-3031
    Email: john@stockgurucanada.com

    Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.


  4. Spotlight Venture:Calypso Uranium Announces A Second Discovery of Uranium Mineralization, New Positive Results and Its Follow Up Program at the Cerro Solo Uraniferous District, Argentina

    February 22, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 - CALYPSO URANIUM CORP. (TSX VENTURE:CLP) (“Calypso” or the “Company”) – Calypso President Stephen Barley is pleased to announce the second significant discovery of surface uranium mineralization at its San Jorge Basin Project, Argentina. The Company has also received additional positive results from the follow up program at the first discovery zone announced in August. These discoveries were the results of the initial prospective field programs at the Bella Vista and La Flecha prospects, both included in the San Jorge Basin Project, confirming the exploration potential of this uranium district. Calypso is currently advancing an intensive regional summer exploration program at this Project, including a 3,000 meter RC drill program. Calypso’s exploration activity in Argentina is led by Energía Mineral with the participation of Cameco Global Exploration under the joint venture Option Agreement signed in September 2010.

    Full coverage of CLP: http://stockgurucanada.com/?s=clp

    Join in the Discussion of CLP at:  http://members.stockguru.com/stocks/clp

    “The discoveries achieved by our exploration team in just a few field campaigns confirm the uranium exploration potential of the district and support the upcoming drill program, which should contribute to further identifying uranium mineralization at this highly prospective San Jorge Basin project,” said Guillermo Pensado, Vice President of Exploration and President of Calypso’s subsidiary Energía Mineral.

    The San Jorge Basin Project includes property tenures for about 148,000ha (1,480km2) within the primary uraniferous district in Argentina. This district includes the Cerro Solo deposit, one of the two known Argentine uranium resources. Cerro Solo, a uranium sandstone type deposit, is controlled by the National Atomic Energy Commission (CNEA) and contains geological resources of 12,207 tonnes U3O8 using 0.01% U308 cut off (CNEA, 2005). These resources are not NI 43-101 compliant but are believed to be reliable This strongly uranium-mineralized basin is the site of the most concentrated uranium exploration activity in Argentina.

    BELLA VISTA PROSPECT

    Geological mapping and geochemical sampling has been completed for a 3,500ha area at the Bella Vista Prospect. The sampling was mainly collected over altered fine tuff of the Cerro Barcino Formation, a unit that overlaps the prospectable Los Adobes Formation that comprises the Cerro Solo uranium deposit to the north. Four channel sampling sections were conducted normal to a stratiform altered and mineralized horizon along a 200-meter distance. The average thickness was 9.7 meters with an adjusted grade of 322 ppm U3O8 (or 0.64 lb/ton U3O8; samples #11,798 to #11,839), included in channel #1 9.5 meters grading 613ppm U3O8 (or 1.22 lb/ton U3O8; samples #11,806 to #11,814). The Company expects to complete the surface field work at this discovery prospect with a RC drill program during the current summer field season.

    LA FLECHA PROSPECT

    The follow up exploration program at this Prospect exposed more uranium mineralization than originally mapped. A limited number of soil samples collected in a new area with scarce outcrops yielded values between 397 ppm and 6,907 ppm U3O8 (or 0.78 and 13.80 lb/ton U3O8; samples 11,752 & 11,748, respectively). Those samples showed pathfinder anomalies such as Vanadium, up to 4,987 ppm (#11,749); and Molybdenum, up to 190 ppm (#11,753). These values could be indicating multi-metal feeder brines and the presence of a wider system than originally observed.

    FOLLOW UP EXPLORATION & DRILLING PROGRAM

    The exploration team is currently focused on the La Bombilla prospect, internally ranked as highly prospectable since the Los Adobes formation outcrops in the area and shows high radiometric anomalies on surface, as well as strong alteration. Field work includes mapping, geochemical sampling and geophysics surveys in order to select drilling targets.

    A 3,000-meter RC drilling program is scheduled to begin on March 1st. The program will test the targets previously defined at the Bella Vista and La Bombilla prospects. The RC program will take samples every meter and bore hole surveys will be run by the in-house geophysics team.

    QAQC

    The Company conducts QAQC protocols at every exploration phase. The surface prospecting and exploration geochemical sampling includes approximately 12% control samples, while every drill program includes approximately 20% control samples. They include twin samples, fine and coarse certified blanks, fine and coarse duplicates and internal certified standards.

    The technical information contained in this document has been reviewed and approved by Dr Jon P. Thorson, PhD, CPG #10944 (AIPG), an independent Consulting Geologist, as the qualified person as defined by NI 43-101.

    About Calypso

    Calypso Uranium Corp. is a mineral exploration company whose principal focus is the exploration and development of uranium properties in Argentina and in the United States. Calypso is active in Argentina with more than 460,000 hectares or 4,600km2 of claims and mineral concessions in the provinces of Chubut, Mendoza and Neuquén. In September 2010, Calypso signed an Option Agreement with Cameco Global Exploration Ltd., to explore and develop Calypso’s uranium projects in Argentina with the exception of the Huemul property in the Province of Mendoza which is being retained by Calypso. Through the Argentine branch of its subsidiary Energía Mineral Inc., the Company has an exploration office located in Mendoza working closely with local communities and local, provincial and national authorities while operating to the highest national and international safety, environmental and ethical standards. While maintaining its principal focus on the development of the Argentine uranium projects, Calypso has a 51.4% interest and is operator of the Sage Creek properties located in Converse County, Wyoming. Calypso is well-funded to advance all exploration projects and has the technical team and management structure for this effort. Further information is available at the website, www.calypsouranium.com, or filed under the Company’s profile at www.sedar.com.

    CALYPSO URANIUM CORP.

    Stephen Barley, President & CEO

    Shares Outstanding: 50,630,819

    This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

    John Pentony
    Publisher, StockGuru.com and StockGuruCanada.com

    Tel: 469-252-3031
    Email: john@stockgurucanada.com

    Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.


  5. Spotlight Venture: Equinox Exploration Announces Acquisition of Producing Copper Mine

    February 22, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– February 22, 2012 - Equinox Exploration Corp. (TSX VENTURE:EQX) is pleased to announce that it has signed a LOI to acquire a 100% interest in a mining lease that consists of three exploitation concessions totaling approximately 1,110 acres in the Atacama region of Chile. The area under lease includes the Aura Copper Mine which commenced production at the end of the third quarter, 2011. The terms of acquisition, which are subject to regulatory approval, will be finalized in a definitive agreement.

    Full coverage of EQX: http://stockgurucanada.com/?s=eqx

    Join in the Discussion of EQX at:  http://members.stockguru.com/stocks/eqx

    The company plans to commence an exploration program, consisting of geological mapping, sampling and drilling in 2012 to define and characterize the potential of the Aura mine and the surrounding area. Preliminary geological surface mapping indicates the presence of multiple vein structures that contain copper mineralization. Some of the copper is in the form of oxide mineralization.

    The LOI allows Equinox exclusivity for 30 days to negotiate a definitive agreement with the owners and to complete legal and technical due diligence on the Project. Under the terms outlined in the LOI, Equinox will gain a 100% interest in the exploitation concession by making total cash payments to the owners of USD $250,000 over 5 years, $50,000 being due upon signing the definitive option agreement and $50,000 each year thereafter for four more years. Equinox will also issue 3,500,000 shares of Company capital stock to the owners over the 5 year period. The owners will retain a 2% net smelter returns royalty.

    Equinox Exploration Director, Roy Fuller, commented, “The acquisition of the Aura mine is a major step towards achieving our goal of obtaining a diverse portfolio of copper properties. Operation of a mine gives us the advantage of having the potential for a revenue stream that will help fund future exploration onsite. We believe our ability to be a copper producer with this project truly sets us apart from many other exploration companies.”

    About Equinox Exploration Inc.

    Equinox Exploration is a publicly traded corporation engaged in the exploration and development of copper properties with its major focus on copper deposits in the Southwest United States and Chile. Equinox has acquired strategic positions within some of the world’s most prolific copper belts with the acquisitions of its Arizona North Star claims and it’s Aura mine located in Chile.

    Stephen B. Butrenchuk, P. Geo, P.Geol., Director of Equinox, is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

    The foregoing is subject to regulatory approval.

    On behalf of the Board of Directors,

    Roy Fuller, Director

    Forward-Looking Statement

    This news release includes certain statements that may be deemed “forward-looking statements”. Forward-looking information includes, but is not limited to: statements with respect to the effect and estimated timeline of the drilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting ; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: unsuccessful exploration results; changes in metals prices; changes in the availability of funding for mineral exploration; unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company’s annual filings that are available at www.sedar.com.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

    John Pentony
    Publisher, StockGuru.com and StockGuruCanada.com

    Tel: 469-252-3031
    Email: john@stockgurucanada.com

    Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.


  6. Spotlight Venture: Equinox Exploration Announces Acquisition of Producing Copper Mine

    February 22, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– February 22, 2012 - Equinox Exploration Corp. (TSX VENTURE:EQX) is pleased to announce that it has signed a LOI to acquire a 100% interest in a mining lease that consists of three exploitation concessions totaling approximately 1,110 acres in the Atacama region of Chile. The area under lease includes the Aura Copper Mine which commenced production at the end of the third quarter, 2011. The terms of acquisition, which are subject to regulatory approval, will be finalized in a definitive agreement.

    Full coverage of EQX: http://stockgurucanada.com/?s=eqx

    Join in the Discussion of EQX at:  http://members.stockguru.com/stocks/eqx

    The company plans to commence an exploration program, consisting of geological mapping, sampling and drilling in 2012 to define and characterize the potential of the Aura mine and the surrounding area. Preliminary geological surface mapping indicates the presence of multiple vein structures that contain copper mineralization. Some of the copper is in the form of oxide mineralization.

    The LOI allows Equinox exclusivity for 30 days to negotiate a definitive agreement with the owners and to complete legal and technical due diligence on the Project. Under the terms outlined in the LOI, Equinox will gain a 100% interest in the exploitation concession by making total cash payments to the owners of USD $250,000 over 5 years, $50,000 being due upon signing the definitive option agreement and $50,000 each year thereafter for four more years. Equinox will also issue 3,500,000 shares of Company capital stock to the owners over the 5 year period. The owners will retain a 2% net smelter returns royalty.

    Equinox Exploration Director, Roy Fuller, commented, “The acquisition of the Aura mine is a major step towards achieving our goal of obtaining a diverse portfolio of copper properties. Operation of a mine gives us the advantage of having the potential for a revenue stream that will help fund future exploration onsite. We believe our ability to be a copper producer with this project truly sets us apart from many other exploration companies.”

    About Equinox Exploration Inc.

    Equinox Exploration is a publicly traded corporation engaged in the exploration and development of copper properties with its major focus on copper deposits in the Southwest United States and Chile. Equinox has acquired strategic positions within some of the world’s most prolific copper belts with the acquisitions of its Arizona North Star claims and it’s Aura mine located in Chile.

    Stephen B. Butrenchuk, P. Geo, P.Geol., Director of Equinox, is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

    The foregoing is subject to regulatory approval.

    On behalf of the Board of Directors,

    Roy Fuller, Director

    Forward-Looking Statement

    This news release includes certain statements that may be deemed “forward-looking statements”. Forward-looking information includes, but is not limited to: statements with respect to the effect and estimated timeline of the drilling and assay results on the Company; the estimation of mineral reserves and mineral resources; the timing and amount of estimated future exploration; costs of exploration; capital expenditures; success of exploration activities; permitting time lines and permitting ; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; and title disputes or claims. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: unsuccessful exploration results; changes in metals prices; changes in the availability of funding for mineral exploration; unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company’s annual filings that are available at www.sedar.com.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

    John Pentony
    Publisher, StockGuru.com and StockGuruCanada.com

    Tel: 469-252-3031
    Email: john@stockgurucanada.com

    Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.


  7. Spotlight Venture: Wavefront Technology Solutions Inc.: Leading Argentina Producer Pan American Energy Using Powerwave

    February 22, 2012 by admin

    Joins Pluspetrol as Second Argentinean Oil Producer To Use Powerwave To Tap Full Production Potential

    EDMONTON, ALBERTA–(Marketwire – Feb. 22, 2012) - Wavefront Technology Solutions Inc. (“Wavefront” or the “Corporation”) (TSX VENTURE:WEE) (OTCQX:WFTSF), the leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, is pleased to announce that Pan American Energy (PAE) will apply Powerwave in the Cerro Dragon field, in Argentina.

    Full coverage of WEE: http://stockgurucanada.com/?s=wee

    Join in the Discussion of WEE at:  http://members.stockguru.com/stocks/wee

    PAE is jointly owned by BP and Bridas Corporation. As per the terms of the agreement, financial terms and other operative details of the project cannot be released.

    “Wavefront is very pleased to be adding PAE, the second largest oil producer in Argentina, with additional operations in Chile to our growing list of clients,” said Wavefront President and CEO, Brett Davidson. “PAE is a company with a reputation for using the best available technologies in the industry. We are confident that Powerwave will bring significant benefit to PAE by increasing current production rates, and more importantly, maximizing ultimate oil recovery well beyond those currently estimated for the field.”

    ON BEHALF OF THE BOARD OF DIRECTORS

    WAVEFRONT TECHNOLOGY SOLUTIONS INC.

    D. Brad Paterson, CFO & Director

    About Wavefront:

    Wavefront is a technology based, world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration. Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and the Company’s website is www.onthewavefront.com.

    Cautionary Disclaimer – Forward Looking Statement

    Certain statements contained herein regarding Wavefront and its operations constitute “forward-looking statements” within the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations or future performance, are “forward-looking statements”. In some cases, forward-looking statements can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “believe”, “continue” or the negative of these terms or other comparable terminology. We caution that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such factors include fluctuations in the acceptance rates of Wavefront’s Powerwave and Primawave Processes, demand for products and services, fluctuations in the market for oil and gas related products and services, the ability of Wavefront to attract and maintain key personnel, technology changes, global political and economic conditions, and other factors that were described in further detail in Wavefront’s continuous disclosure filings, available on SEDAR at www.sedar.com. Wavefront expressly disclaims any obligation to up-date any “forward-looking statements”, other than as required by law.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

    John Pentony
    Publisher, StockGuru.com and StockGuruCanada.com

    Tel: 469-252-3031
    Email: john@stockgurucanada.com

    Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.


  8. Spotlight Venture: Wavefront Technology Solutions Inc.: Leading Argentina Producer Pan American Energy Using Powerwave

    February 22, 2012 by admin

    Joins Pluspetrol as Second Argentinean Oil Producer To Use Powerwave To Tap Full Production Potential

    EDMONTON, ALBERTA–(Marketwire – Feb. 22, 2012) - Wavefront Technology Solutions Inc. (“Wavefront” or the “Corporation”) (TSX VENTURE:WEE) (OTCQX:WFTSF), the leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, is pleased to announce that Pan American Energy (PAE) will apply Powerwave in the Cerro Dragon field, in Argentina.

    Full coverage of WEE: http://stockgurucanada.com/?s=wee

    Join in the Discussion of WEE at:  http://members.stockguru.com/stocks/wee

    PAE is jointly owned by BP and Bridas Corporation. As per the terms of the agreement, financial terms and other operative details of the project cannot be released.

    “Wavefront is very pleased to be adding PAE, the second largest oil producer in Argentina, with additional operations in Chile to our growing list of clients,” said Wavefront President and CEO, Brett Davidson. “PAE is a company with a reputation for using the best available technologies in the industry. We are confident that Powerwave will bring significant benefit to PAE by increasing current production rates, and more importantly, maximizing ultimate oil recovery well beyond those currently estimated for the field.”

    ON BEHALF OF THE BOARD OF DIRECTORS

    WAVEFRONT TECHNOLOGY SOLUTIONS INC.

    D. Brad Paterson, CFO & Director

    About Wavefront:

    Wavefront is a technology based, world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration. Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and the Company’s website is www.onthewavefront.com.

    Cautionary Disclaimer – Forward Looking Statement

    Certain statements contained herein regarding Wavefront and its operations constitute “forward-looking statements” within the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations or future performance, are “forward-looking statements”. In some cases, forward-looking statements can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “believe”, “continue” or the negative of these terms or other comparable terminology. We caution that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such factors include fluctuations in the acceptance rates of Wavefront’s Powerwave and Primawave Processes, demand for products and services, fluctuations in the market for oil and gas related products and services, the ability of Wavefront to attract and maintain key personnel, technology changes, global political and economic conditions, and other factors that were described in further detail in Wavefront’s continuous disclosure filings, available on SEDAR at www.sedar.com. Wavefront expressly disclaims any obligation to up-date any “forward-looking statements”, other than as required by law.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

    John Pentony
    Publisher, StockGuru.com and StockGuruCanada.com

    Tel: 469-252-3031
    Email: john@stockgurucanada.com

    Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.


  9. Spotlight Venture: Sandstorm Gold Provides Operations Update For the Ming Mine and the Bachelor Lake Mine

    February 22, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 – Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (TSX VENTURE:SSL) is pleased to provide an update on the activities at the Ming Mine, owned and operated by Rambler Metals and Mining plc (“Rambler”) (TSX VENTURE:RAB)(AIM:RMM) and at the Bachelor Lake Mine (“Bachelor Lake”), owned and operated by Metanor Resources Inc. (“Metanor”) (TSX VENTURE:MTO).

    Full coverage of SSL: http://stockgurucanada.com/?s=ssl

    Join in the Discussion of SSL at:  http://members.stockguru.com/stocks/ssl

    MING MINE HIGHLIGHTS

    Gold

    • Over 5,000 ounces of gold has been poured to date at the Ming Mine
    • Exploration diamond drilling in the 1806 zone has returned new visible gold intersection of 2.60 metres (core length) of 8.10 oz/ton gold (278 g/t gold uncut)

    Copper

    • Development of the high grade base metal 1807 zone continuing with live ore commissioning for the concentrator by April 2012
    • Development face sampling in the 1807 zone has returned grades of 4.48% copper, 0.83 g/t gold and 8.88 g/t silver over 3.40 metres

    In accordance with Sandstorm’s gold purchase agreement with Rambler, Sandstorm is entitled to purchase 25%-32% of the first 175,000 ounces of payable gold (depending on metallurgical recoveries), and 12% of the payable gold thereafter. There is no ongoing cost per ounce for the gold delivered from the Ming Mine.

    “Over the past year, the management team at Rambler have been extremely successful in developing the Ming Mine and have exceeded our expectations in developing new ore zones,” commented Nolan Watson, President and CEO of Sandstorm Gold.

    Gold Production

    The operations team continues to optimize gold production from the Ming Mine. The average daily throughput for January was 602 mtpd, with the highest one day throughput being 695 mtpd. The current level of production confirms the projected tonnage rate determined by the company’s feasibility study and reported recovery of gold through the plant is nearing 92%.

    Since the start of gold production in November 2011, Rambler has poured over 5,000 ounces of gold. The higher than projected refined ounces is a result of slightly higher head grades than the 1806 reserve grade. Table 1 below summaries Rambler’s gold production to date.

    Table 1: Gold Production Summary to Date.
      Nov’11 Dec’11 Jan’12 Feb’12 Total
    Mined (tonnes) 5,160 13,829 19,933 12,441 51,363
    Milling Days 3 29 30 20 83
    Milled (tonnes) 1,538 16,126 17,995 11,357 47,016
    Mill Head Grade          
    Gold (g/t) 3.53 3.72 4.40 4.48 4.13
    Recovery 87% 88% 90% 91% 90%
    Gold Produced (Oz) 147 1,650 2,225 1,417 5,439
    Gold Poured (Oz) - 423 3,140 1,462 5,025
    Mill Utilization 100% 93% 95% 100% 97%

    In addition to better than expected performance of the mill with the ore from the 1806 zone, the exploration diamond drilling program has been successful in the discovery of new visible gold intersections down plunge in this zone. The drill results in Table 2 below were originally part of an exploration program but have since been moved into definition drilling so that a new stoping block can be planned on this level for near-future production.

    The diamond drilling results in Table 2 indicate the discovery potential for additional high grade gold mineralization at the Ming Mine. With this new intersection located just 30 metres from existing underground infrastructure, Rambler plans to develop across the zone to better understand the controlling structures hosting the gold mineralization. The down plunge of the 1806 zone remains untested for several hundred metres.

    Table 2: Exploration Diamond Drill Program of the 1806 Zone.
    Drill Hole From
    (m)
    To
    (m)
    Length
    (m)
    Au
    (g/t)
    MMUG12-32 46.60 55.10 8.50 4.10
      Including 50.40 55.10 4.70 5.04
     
    MMUG12-34 (cut) 13.40 43.20 27.80 4.70
      Including (cut) 25.60 43.20 17.60 6.96
      Including (cut) 38.10 43.20 5.10 21.19
      Including (uncut) 40.60 43.20 2.60 277.84
     
    MMUG12-36 29.30 45.60 16.30 4.25
      Including 40.50 45.60 5.10 6.20
     
    MMUG12-38 25.60 32.60 6.60 4.62
     
    MMUG12-40 (uncut) 11.60 49.40 24.80 5.94
      Including (cut) 45.30 49.40 4.10 11.33
      Including (uncut) 45.30 49.40 4.10 33.33
    Note: Gold intersections above 40 g/t shown as cut and uncut. Duplicate samples taken on all cut assays.
    All quoted intersections are core lengths; true widths are estimated to be 50-75% of core length.

    Copper Production

    Development into the high grade base metal 1807 zone is continuing and Rambler anticipates beginning its copper production by April 2012. Geological mapping and sampling of the 1807 zone development has given the Rambler team an opportunity to better understand the geometry and structural controls which define the shape of the ore zones. To date, the results are consistent with previous interpretation and grades.

    A new zone of previously undiscovered high grade massive sulphides was intercepted while developing the 1600 level by-pass ramp. Development chip samples from this zone returned 3.73% Cu, 2.11 g/t Au, 30.78 g/t Ag and 0.78% Zn over a thickness of 1.60 metres. This new zone will be drill tested both up plunge and down plunge to determine the extent of the mineralization. Table 3 below summarizes composited development sampling collected to date. This is a continuing program which Rambler will report as data becomes available.

    Table 3: Development Sampling.
    Heading Length
    (m)
    Cu
    (%)
    Au
    (g/t)
    Ag
    (g/t)
    Zn
    (%)
     
    1600 – bypass 2.60 1.86 1.86 20.67 0.60
      Including 1.60 3.73 2.11 30.78 0.78
     
    1807 – 346 lv 3.40 4.48 0.83 8.88 0.07
      Including 1.00 8.55 1.57 14.70 0.17

    Larry Pilgrim, P.Geo., is the Qualified Person responsible for the technical content of this release in relation to the Ming Mine and has reviewed and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and Mining plc. All tonnes reported are metric tonnes.

    BACHELOR LAKE HIGHLIGHTS

    Metanor has begun milling ore from a 5,000 tonne bulk sample from Bachelor Lake. The mill at Bachelor Lake began operations to process the ore obtained from the initial development in the Main Vein mineralized zone for the bulk sample program which will begin next week. A feasibility study on Bachelor Lake began in October 2011 and is expected to be completed in May 2012. The feasibility study will include the results from the milling of the 5,000 tonne bulk sample and Metanor’s ongoing drill program.

    In accordance with Sandstorm’s gold purchase agreement with Metanor, Sandstorm is entitled to purchase 20% of the life of mine gold produced at Bachelor Lake at US$500 per ounce.

    ABOUT SANDSTORM GOLD

    Sandstorm Gold Ltd. is a growth focused resource based company that seeks to complete gold purchase agreements with companies that have advanced stage development projects or operating mines. A gold purchase agreement involves Sandstorm making an upfront cash payment to its partners and in exchange, Sandstorm receives the right to purchase a percentage of the gold produced for the life of the mine, at a fixed price per ounce. Sandstorm helps other companies in the resource industry grow their business, while acquiring attractive assets in the process.

    Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase agreements with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corp., Rambler Metals and Mining plc, Brigus Gold Corp., Metanor Resources Inc. and Donner Metals Ltd.

    For more information visit: http://www.sandstormgold.com.

    Cautionary Note Regarding Forward-Looking Information

    Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of minerals; industry conditions, including fluctuations in the price of metals, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled “Risks to Sandstorm” in Sandstorm’s annual report for the financial year ended December 31, 2010. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Silver Wheaton Corp., Royal Gold, Inc., and Franco-Nevada Corporation.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

    John Pentony
    Publisher, StockGuru.com and StockGuruCanada.com

    Tel: 469-252-3031
    Email: john@stockgurucanada.com

    Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.


  10. Spotlight Venture: Sandstorm Gold Provides Operations Update For the Ming Mine and the Bachelor Lake Mine

    February 22, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– Feb. 22, 2012 – Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (TSX VENTURE:SSL) is pleased to provide an update on the activities at the Ming Mine, owned and operated by Rambler Metals and Mining plc (“Rambler”) (TSX VENTURE:RAB)(AIM:RMM) and at the Bachelor Lake Mine (“Bachelor Lake”), owned and operated by Metanor Resources Inc. (“Metanor”) (TSX VENTURE:MTO).

    Full coverage of SSL: http://stockgurucanada.com/?s=ssl

    Join in the Discussion of SSL at:  http://members.stockguru.com/stocks/ssl

    MING MINE HIGHLIGHTS

    Gold

    • Over 5,000 ounces of gold has been poured to date at the Ming Mine
    • Exploration diamond drilling in the 1806 zone has returned new visible gold intersection of 2.60 metres (core length) of 8.10 oz/ton gold (278 g/t gold uncut)

    Copper

    • Development of the high grade base metal 1807 zone continuing with live ore commissioning for the concentrator by April 2012
    • Development face sampling in the 1807 zone has returned grades of 4.48% copper, 0.83 g/t gold and 8.88 g/t silver over 3.40 metres

    In accordance with Sandstorm’s gold purchase agreement with Rambler, Sandstorm is entitled to purchase 25%-32% of the first 175,000 ounces of payable gold (depending on metallurgical recoveries), and 12% of the payable gold thereafter. There is no ongoing cost per ounce for the gold delivered from the Ming Mine.

    “Over the past year, the management team at Rambler have been extremely successful in developing the Ming Mine and have exceeded our expectations in developing new ore zones,” commented Nolan Watson, President and CEO of Sandstorm Gold.

    Gold Production

    The operations team continues to optimize gold production from the Ming Mine. The average daily throughput for January was 602 mtpd, with the highest one day throughput being 695 mtpd. The current level of production confirms the projected tonnage rate determined by the company’s feasibility study and reported recovery of gold through the plant is nearing 92%.

    Since the start of gold production in November 2011, Rambler has poured over 5,000 ounces of gold. The higher than projected refined ounces is a result of slightly higher head grades than the 1806 reserve grade. Table 1 below summaries Rambler’s gold production to date.

    Table 1: Gold Production Summary to Date.
      Nov’11 Dec’11 Jan’12 Feb’12 Total
    Mined (tonnes) 5,160 13,829 19,933 12,441 51,363
    Milling Days 3 29 30 20 83
    Milled (tonnes) 1,538 16,126 17,995 11,357 47,016
    Mill Head Grade          
    Gold (g/t) 3.53 3.72 4.40 4.48 4.13
    Recovery 87% 88% 90% 91% 90%
    Gold Produced (Oz) 147 1,650 2,225 1,417 5,439
    Gold Poured (Oz) - 423 3,140 1,462 5,025
    Mill Utilization 100% 93% 95% 100% 97%

    In addition to better than expected performance of the mill with the ore from the 1806 zone, the exploration diamond drilling program has been successful in the discovery of new visible gold intersections down plunge in this zone. The drill results in Table 2 below were originally part of an exploration program but have since been moved into definition drilling so that a new stoping block can be planned on this level for near-future production.

    The diamond drilling results in Table 2 indicate the discovery potential for additional high grade gold mineralization at the Ming Mine. With this new intersection located just 30 metres from existing underground infrastructure, Rambler plans to develop across the zone to better understand the controlling structures hosting the gold mineralization. The down plunge of the 1806 zone remains untested for several hundred metres.

    Table 2: Exploration Diamond Drill Program of the 1806 Zone.
    Drill Hole From
    (m)
    To
    (m)
    Length
    (m)
    Au
    (g/t)
    MMUG12-32 46.60 55.10 8.50 4.10
      Including 50.40 55.10 4.70 5.04
     
    MMUG12-34 (cut) 13.40 43.20 27.80 4.70
      Including (cut) 25.60 43.20 17.60 6.96
      Including (cut) 38.10 43.20 5.10 21.19
      Including (uncut) 40.60 43.20 2.60 277.84
     
    MMUG12-36 29.30 45.60 16.30 4.25
      Including 40.50 45.60 5.10 6.20
     
    MMUG12-38 25.60 32.60 6.60 4.62
     
    MMUG12-40 (uncut) 11.60 49.40 24.80 5.94
      Including (cut) 45.30 49.40 4.10 11.33
      Including (uncut) 45.30 49.40 4.10 33.33
    Note: Gold intersections above 40 g/t shown as cut and uncut. Duplicate samples taken on all cut assays.
    All quoted intersections are core lengths; true widths are estimated to be 50-75% of core length.

    Copper Production

    Development into the high grade base metal 1807 zone is continuing and Rambler anticipates beginning its copper production by April 2012. Geological mapping and sampling of the 1807 zone development has given the Rambler team an opportunity to better understand the geometry and structural controls which define the shape of the ore zones. To date, the results are consistent with previous interpretation and grades.

    A new zone of previously undiscovered high grade massive sulphides was intercepted while developing the 1600 level by-pass ramp. Development chip samples from this zone returned 3.73% Cu, 2.11 g/t Au, 30.78 g/t Ag and 0.78% Zn over a thickness of 1.60 metres. This new zone will be drill tested both up plunge and down plunge to determine the extent of the mineralization. Table 3 below summarizes composited development sampling collected to date. This is a continuing program which Rambler will report as data becomes available.

    Table 3: Development Sampling.
    Heading Length
    (m)
    Cu
    (%)
    Au
    (g/t)
    Ag
    (g/t)
    Zn
    (%)
     
    1600 – bypass 2.60 1.86 1.86 20.67 0.60
      Including 1.60 3.73 2.11 30.78 0.78
     
    1807 – 346 lv 3.40 4.48 0.83 8.88 0.07
      Including 1.00 8.55 1.57 14.70 0.17

    Larry Pilgrim, P.Geo., is the Qualified Person responsible for the technical content of this release in relation to the Ming Mine and has reviewed and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and Mining plc. All tonnes reported are metric tonnes.

    BACHELOR LAKE HIGHLIGHTS

    Metanor has begun milling ore from a 5,000 tonne bulk sample from Bachelor Lake. The mill at Bachelor Lake began operations to process the ore obtained from the initial development in the Main Vein mineralized zone for the bulk sample program which will begin next week. A feasibility study on Bachelor Lake began in October 2011 and is expected to be completed in May 2012. The feasibility study will include the results from the milling of the 5,000 tonne bulk sample and Metanor’s ongoing drill program.

    In accordance with Sandstorm’s gold purchase agreement with Metanor, Sandstorm is entitled to purchase 20% of the life of mine gold produced at Bachelor Lake at US$500 per ounce.

    ABOUT SANDSTORM GOLD

    Sandstorm Gold Ltd. is a growth focused resource based company that seeks to complete gold purchase agreements with companies that have advanced stage development projects or operating mines. A gold purchase agreement involves Sandstorm making an upfront cash payment to its partners and in exchange, Sandstorm receives the right to purchase a percentage of the gold produced for the life of the mine, at a fixed price per ounce. Sandstorm helps other companies in the resource industry grow their business, while acquiring attractive assets in the process.

    Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase agreements with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corp., Rambler Metals and Mining plc, Brigus Gold Corp., Metanor Resources Inc. and Donner Metals Ltd.

    For more information visit: http://www.sandstormgold.com.

    Cautionary Note Regarding Forward-Looking Information

    Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is based on reasonable assumptions that have been made by Sandstorm as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by the forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; problems inherent to the marketability of minerals; industry conditions, including fluctuations in the price of metals, fluctuations in foreign exchange rates and fluctuations in interest rates; stock market volatility; competition; as well as those factors discussed in the section entitled “Risks to Sandstorm” in Sandstorm’s annual report for the financial year ended December 31, 2010. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Sandstorm does not undertake to update any forward-looking information that is contained or incorporated by reference herein, except in accordance with applicable securities laws. Sandstorm does not provide any representation as to its comparability with other companies in its industry including, but not limited to, Silver Wheaton Corp., Royal Gold, Inc., and Franco-Nevada Corporation.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

     

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