News around the world ( Seite 2417)

Tawana Resources NL - Mofe Creek Iron Project Strike Extensions Secured; L. Kolff: "This "represents an exciting opportunity to explore highly prospective Archean geology within one of Liberia’s historic premier iron ore districts." Initial reconnaissance sampling is very promising, returning >60% Fe with low impurities whilst the project is located only 25 km from the coast, adjacent to a heavy haul railway +only 65 km to an existing deep water port" - May 8, 2012

+ Mofe Creek Strike extensions secured via Binding Option Agreement with Liberian exploration company

+ 48 km strike length of highly prospective itabirite interpreted

+ DSO lump magnetite averages 63.8% Fe +low contaminants

+ Coarse grained itabirite averages 35 -50% Fe with low contaminants

+ Licence 10 km along strike from abandoned Bomi Hills Fe ore mine; +50.000.000 t DSO magnetite & +100.000.000 t sinter feed

+ Large discrete magnetic anomalies comparable to Bomi Hills

+ Licence 25 km from coast, adjacent to an decommissioned heavyhaul railway +only 65 km from the deep sea port of Monrovia

+ Aeromagnetics survey planned for July ´12

+ "Potential exists for rapid development of low capital intensity DSO Fe ore project generating significant cash flow" ...
http://stocknessmonster.com/news-item?S=TAW&E=ASX&N=373150

Das ist gut für Richmont u. Globex


Hier die NR v. Seiten v. Richmont:

Richmont Intercepts 6.40 g/t Au Over 52.8 Metres in Wasamac Main Zone, and Announces Five Focus Areas to Improve Project Economics
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0788315001&sourceType=1http://www.ccnmatthews.com/logos1/richmont.gif

MONTREAL, QUEBEC, CANADA -- (Marketwire) -- 05/08/12 -- Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC), ("Richmont" or the "Corporation") is pleased to announce results from more than 10,000 metres of drilling on its Wasamac property (the "Property") and 4,000 metres on the adjacent Globex option.

Greg Chamandy, Executive Chairman of Richmont Mines, commented: "We are very pleased to report that drilling at Wasamac continues to yield very promising results, reinforcing our belief that the Wasamac property has great future potential for Richmont and its shareholders. We look forward to improving the economics of the project by means of five key focus areas, and maintain our belief that Wasamac has the potential to catapult Richmont into the intermediate producer category. We look forward to updating the market with new developments throughout 2012, and it is our goal to issue a revised preliminary economic assessment with improved and more robust economics as soon as the project is fully optimized."

Highlights:

-- New 2012 drill results include: 6.40 g/t Au over 52.80 metres, 2.83 g/t
Au over 71.76 metres and 4.61 g/t Au over 34.94 metres in the Main Zone,
3.80 g/t Au over 7.01 metres, 3.37 g/t Au over 9.45 metres and 5.16 g/t
Au over 11.11 metres in Zone 2, and 5.19 g/t Au over 7.81 metres in Zone
3 (all cut grades and true widths);

-- 7.09 g/t Au over 5.22 metres, 4.07 g/t Au over 4.44 metres and 1.87 g/t
Au over 9.24 metres in newly discovered Zone 4 which is located on the
boundary of the Wasamac property and the Globex option;

-- Richmont has identified 5 key focus areas that will be assessed to
improve the project economics;

-- The 2012 drilling program will include approximately 55,000 metres, and
will now focus primarily on the Main Zone, Zone 3 extension and the
optioned Globex claims.


[die ellenlangen Tabellen erspar ich uns]

The five key focus areas to improve Wasamac project economics

Throughout 2012 Richmont will concentrate on optimizing the Wasamac project mine design. These objectives include:

1. Increasing the resource base included in the mining plan, particularly
in the Main Zone by:

a. Completing a technical study with the objective of adding a portion
of the existing footwall/hanging wall resource located in the old
mine to the mining plan;

b. Pursuing additional exploration drilling with the goal of extending
the lateral and vertical extensions of known zones;

2. Including the silver grade in the geological and economic models;

3. Evaluating the Wasamac resource using a higher cut-off grade to measure
the impact on the overall grade and on the project's economic analysis;

4. Evaluating accessing the ore body via ramp only, with a lower production
rate, beginning the operation with the larger and higher grade zones to
reduce the pre-production capital costs;

5. Completing a detailed study to improve gold metallurgical recovery.



Additional details about the Wasamac Property

As of December 31, 2011, the Wasamac property had estimated Measured and Indicated Resources of 6.7 million tonnes grading 2.56 g/t Au for 556,385 ounces of gold, and Inferred Resources of 25.6 million tonnes grading 2.58 g/t Au for 2,130,532 ounces of gold.

The 7.58 km2 (757.65 hectare) Wasamac property is located 15 km west of Richmont's headquarters in Rouyn-Noranda, Quebec, in the heart of the Abitibi gold mining district and is less than 10 km east of the Francoeur Mine. The past-producing Wasamac Mine produced a total of 1.9 million metric tonnes at an average grade of 4.16 g/t Au between 1965 and 1971. This production generated 252,923 ounces of gold, mostly from the Main Zone.

Globex Option Claim Details

The 5 claims under the Agreement cover a total area of 2.07 km2 (207 hectares), and are adjacent to the eastern boundary of Richmont's Wasamac property. The potential for gold from surface to the -200 metre elevation on the Wasa Shear Zone was tested by previous owners, and no significant results were obtained. The objective of Richmont is to verify the potential presence of mineralized zones similar to those observed on the Wasamac property at deeper elevations.

About Richmont Mines Inc.

Richmont has produced over 1,200,000 ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. The Corporation currently produces gold from its Island Gold and Beaufor mines, and is currently advancing its Francoeur Mine to commercial production, which should increase Richmont's production to an annual rate of approximately 100,000 ounces of gold. With extensive experience in gold exploration, development and mining, the Corporation is well positioned to cost-effectively build its Canadian reserve base through a combination of organic growth, strategic acquisitions and partnerships. Richmont routinely posts news and other important information on its website (www.richmont-mines.com).

Junior Exploration Report, Q2 ´12 - Haywood Securities - May 8, 2012

- Topic:

Andover Mining, Argentum Silver, Balmoral Resources, Bearing Resources, Black Iron, Calibre Mining, Canaco Resources, Century Iron Mines, Channel Resources, Chieftain Metals, Coventry Resources, Dunav Resources, Eagle Hill Exploration, First Point Minerals, Foran Mining, Gold Standard Ventures, Hard Creek Nickel, Helio Resource, High Desert Gold, International Enexco, International Northair Mines, Kivalliq Energy, Lupaka Gold, MacArthur Minerals, Macusani Yellowcake, Marathon Gold, Northern Gold Mining, Orex Minerals, Reunion Gold, Revolution Resources, Riverstone Resources, Rockgate Capital, Seafield Resources, Soltoro, Terraco Gold ...-
http://clientcentre.haywood.com/uploadfiles/secured_reports/…

Kryso Resources Plc - Total JORC Mineral Resource passes 5.000.000 Oz Au - May 09, 2012
www.londonstockexchange.com/exchange/news/market-news/market…

Mining Summary - LC - May 9, 2012
http://minesite.com/media/pub/var/release_downloadable_file/…

Rogue Iron Ore - Intersects 373 Meters of 34% Total Iron; S. d. Jong: "Results continue to show the potential of high-grade iron zones @Radio Hill +how they may affect the overall resource. Metallurgical testing +ore characterization now underway will help explain the varying grades of taconite mineralization +how they may affect future production scenarios. The high grade material @depth is important as historical resource definition did not sufficiently define the deeper portion of the iron formation" - May 9, 2012
www.rogueiron.com/s/news.asp?ReportID=523489

Champion Minerals - +Fancamp Enter Into Letter of Intent, for Champion's Acquisition of Fancamp's Joint Venture Interest in the Fermont Properties +Subscription for PP, in Fancamp; T. Larsen: "Our agreement with Fancamp which would result in Champion’s 100% ownership of the Fermont Properties will allow our project team to focus on advancing Fire Lake North to detailed feasibility study later this year +give us increased flexibility in arranging for development partners +sale of the iron ore concentrate. Also, Champion’s investment in Fancamp builds on our existing partnership +will permit Champion shareholders to participate in future royalty cash flow from all Fermont Properties +the development of Fancamp’s Magpie Project containing a substantial iron-titanium deposit"; P. H. Smith: "This agreement with Champion will complete our contributory phase of Fancamp’s share of the Fermont Joint Venture, locking in the value of a significant share of this immense asset originally staked by Fancamp as a grassroots project, a rather remarkable achievement in a short period of time. This arrangement will permit Fancamp shareholders to benefit from the expertise +experience of Champion’s project team to build +operate the Fire Lake North Project +fully participate in the royalty stream from all Fermont Properties" - May 9, 2012
www.championminerals.com/vns-site/pressdetail-champion_and_f…

Energio - Drilling update No.VIII -Agbaja Iron Ore Exploration Project; maiden JORC resource due to be released in Q3 ´12 - May 9, 2012

+ Analytical results from the eighth batch of drill hole samples remain consistent with previous results.

+ Coffey International advises sampling intervals can now be reduced to one metre intervals -due to high degree of consistency of drilling results

+ Diamond drill program well progressed with 8/10 holes successfully completed. Remaining two diamond holes to be drilled this week.

+ Since the end of Q4 ´11 Energio has drilled >390 holes from its planned program. >9.000 samples have been taken + >7.000 of those samples are now in process between ALS Ghana +the ALS metallurgical laboratory in Perth. ...
www.energio.net.au/IRM/Company/ShowPage.aspx/PDFs/1308-76336…