FAKTENTHREAD: JAMES BAY LOWLANDS (firmenunabhängige Übersicht) - 500 Beiträge pro Seite

[Fantomas96]

So, ich habe mal BWK´s Anregung aufgenommen und starte einen Faktenthread über das Gebiet JAMES BAY LOWLANDS, Ontario, Kanada.

Dies ist das Gebiet des Noront Double Eagle Fundes.

Der Thread soll es allen Interessierten ermöglichen, sich schnell und zusammenhängend über die Player in diesem Gebiet, mit aktuellen und historischen Drillergebnissen und entsprechenden Übersichtskarten zu erkundigen.

Daher meine Bitte: nur Fakten posten und bitte keine Kommentare etc. !





Aber fangen wir erst einmal mit Wikipedia an:

http://en.wikipedia.org/wiki/James_Bay




Gruß,

[Fantomas96]

Als nächstes die neueste Übersichtskarte mit Claimzuordnung (Stand: Oktober 2007):

[Fantomas96]

Starten wir mit dem "leader of the pack":






NORONT (NOT.V) Double Eagle Projekt :








Folgende Drillergebnisse sind bisher bestätigt:

NOT-07-01

71,5 m mit 0.86% Kupfer, 1.12% Nickel, 0.70 g/t Platin, 2.14 g/t Palladium, 0.09 g/t Gold, 2.90 g/t Silber

inklusive 36.0 m mit 1.53% Kupfer, 1.84% Nickel, 1.14 g/t Platin, 3.49 g/t Palladium, 0.13 g/t Gold, 4.80 g/t Silber

gefolgt von 34.5 m mit 0.19% Kupfer, 0.4% Nickel, 0.24 g/t Platin, 0.74 g/t Palladium, 0.06 g/t Gold, 1.0 g/t Silber


NOT-07-02

86.4 m mit 1.16% Kupfer, 1.88% Nickel, 0.99 g/t Platin, 3.16 g/t Palladium, 0.13 g/t Gold, 4.10 g/t Silber

inklusive 57.9 m mit 1.40% Kupfer, 2.02% Nickel, 1.00 g/t Platin, 3.27 g/t Palladium, 0.14 g/t Gold, 5.30 g/t Silber

gefolgt von 28.5 m mit 0.70% Kupfer, 1.65% Nickel, 0.96 g/t Platin, 2.97 g/t Palladium, 0.09 g/t Gold, 1.70 g/t Silber


NOT-07-03

Keine positiven Ergebnisse


NOT-07-04

Keine positiven Ergebnisse


NOT-07-05

117.4 m mit 2.20% Kupfer, 4.10% Nickel, 2.09 g/t Platin, 7.13 g/t Palladium, 0.42 g/t Gold, 6.30 g/t Silber

inklusive 68.2 m mit 3.10% Kupfer, 5.90% Nickel, 2.87 g/t Platin, 9.78 g/t Palladium, 0.61 g/t Gold, 8.50 g/t Silber

inklusive 3.0 m mit 10.90% Kupfer, 8.65% Nickel, 40.79 g/t Platin, 14.57 g/t Palladium, 9.39 g/t Gold, 8.70 g/t Silber


NOT-07-06

Keine positiven Ergebnisse



Bis jetzt sind mindestens 12 Löcher gebohrt worden, wobei gerade die Ergebnisse für NOT-07-07, NOT-07-09 und NOT-07-12 besonders erwartet werden, da diese den mineralisierten Erzkörper auf einer Länge von 51 m bzw. 42,75 m bzw. 128,7 m (bisher, da noch nicht beendet !) getroffen haben.

Die Ergebnisse werden in Kürze erwartet.


Gruß,
Fantomas

[Fantomas96]

Diejenigen, die sich über den aktuellen Stand der Claims in dem Gebiet informieren wollen (wer hat wann "gestaked" ?, wem gehört der Claim ? etc.), seien auf folgende Seite des Kanadischen Minenministeriums (MNDM) verwiesen:


http://www.mndm.gov.on.ca/mndm/mines/lands/claimap3/disclaim…



Anleitung:

1. Unten auf der Seite den Disclaimer mit YES bestätigen.
2. Auf der sich neu öffnenden Seite (CLAIMaps III) oben rechts das Feld "search by" auf "Claim Number" ändern.
3. dann im Feld rechts daneben die Claim Nummer des Double Eagle Fundes eingeben : 3012264
4. Auf "GO" clicken -> ihr seht die Karte mit dem Noront Claim
5. Dann kann man am linken Bildschirmrand in der Taskleiste auf das Symbol "Grünes C" (unterhalb der weißen Hand) clicken ("Identify Claim") und dann auf einen beliebigen Claim clicken.
6. Unten links erscheint dann die Claim Nummer und darunter "Link to MCI System"
7. Hier dann auf "Link" clicken
8. Ein neues Fenster mit allen Informationen (Eigentümer, wann gestaked, Investitionen etc.) öffnet sich
9. FERTIG !

Gruß,
Fantomas


P.S.: Die Information bezieht sich natürlich nur auf den Eigentümer, dieser kann den Claim natürlich "veroptioniert" haben, ein Eigentümerwechsel ist aber eingetragen.

[pintador]

Antwort auf Beitrag Nr.: 32.093.184 von Fantomas96 am 20.10.07 13:58:40

QUOTE FROM NATIONAL POST-----NORONT & BMK

Is this Voisey's Bay II?

Nickel, copper grades at Noront's James Bay Double Eagle project are 'unbelievable'

Peter Koven, Financial Post
Published: Saturday, October 13, 2007

The wildest staking rush Ontario has seen in many years began with an accidental discovery.

Richard Nemis, chief executive of Noront Resources Ltd., staked out some territory in the James Bay Lowlands about three years ago. He thought it had good potential after De Beers Canada Inc. and a pair of junior miners, Spider Resources Inc. and KWG Resources Inc., made some interesting zinc and copper finds nearby.
But the area he really wanted to drill was caught up in litigation, and he didn't get his hands on it until recently. He promised to drill one hole in exchange for getting the land.

(See hardcopy for Photo Description)
Andrew Barr, National Post
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He didn't find the zinc he was hoping for in that hole. Instead, he found the mother lode.
"We hit nickel-copper, which we never expected to see," Mr. Nemis, 69, says in an interview from Wawa, Ont., where he is hiring stakers as fast as he can and sending them up to James Bay. "This could be bigger than Voisey's Bay. It's a huge discovery."
The drilling results, which started to emerge six weeks ago and feature massive amounts of copper and nickel sulphides, have astounded the mining industry and made Toronto-based Noront (as in NORthern ONTario) an overnight sensation.

The stock catapulted from pennies to more than $4 a share, and the big boys, such as CVRD Inco and Xstrata PLC, are already inquiring about the deposit. Noront expects one of them to eventually buy the company.

"They all want to come in and kick the tires. We'll get a big major in there to develop it eventually. This thing is getting bigger and bigger," Mr. Nemis says.

Noront's drilling is still in its early stages: Only a dozen holes have been drilled at the Double Eagle project.
But Jean-Francois Tardif, a fund manager at Sprott Asset Management (a major shareholder), calculated the company has already identified about $2-billion in value under the ground. He also pointed out that some of the drill holes have values of far more than US$1,000 per ton.

"Some mines are profitable at US$15 or US$20 per ton," he says."This would be massively profitable if it was being mined. The grade is just unbelievable."

If the discovery does turn out to be the next big find, it will be bought by one of the big players and put into production. But, meantime, hundreds of thousands of hectares of land surrounding the find are up for grabs, and there is a mad rush by junior miners to get their hands on it.
More than 100,000 hectares have been staked in the James Bay Lowlands in just six weeks.
Kirk McKinnon, chief executive of MacDonald Mines Exploration Ltd., figures it could be as much as 200,000. Nothing in Ontario compares since the diamond exploration boom in the late 1980s and early 1990s, and the Hem-lo gold discovery in the early 1980s.
At least 10 junior companies are already there, and more land is being staked every day.

"When Noront stock was first halted, the rumours started flying around," Mr. McKinnon says. "We sent a helicopter out [to James Bay] that day and started staking the next day. We took a chance, but that's what staking is all about."

MacDonald and its joint-venture partners have already staked more than 60,000 hectares.
The remarkable thing about this staking rush is that it is happening in one of the most isolated areas in the province. The discovery is about halfway up the west side of James Bay and 150 kilometres inland to the west. The only way to reach it is by helicopter, and the only community anywhere close is Webequie, a tiny aboriginal reserve about 50 km away.
The formerly desolate region is now bustling with helicopters and prospectors flying in and out.

"I've heard it described as busy as Toronto airport, with all the airplanes flying around," says Brian Atkinson, resident geologist in Timmins with the Ontario Ministry of Northern Development and Mines. His phone is ringing off the hook with people looking for property in the Lowlands.

But it remains a very difficult place to drill. There is a lot of water and no exposed mineralization on the ground's surface. The mapping of the region is also very limited; the companies are mostly working off of old government maps, and a lot of the geophysical work has to be done in the helicopters.

Geologists, essentially, have nothing on the ground to work with.
As a result of that, and the fact that exploration is still in its very early stages, it is impossible to know exactly how big this discovery is.

"We don't know how long the thing is, and we don't know how deep it goes," says Bill Nielson, a geologist on MacDonald's board of directors. "We don't even know what direction it's going in at this point in time. It could just be a few million tons [of ore]. Or it could be 30 million."

Noront is hoping for the latter. The company believes its shares are grossly undervalued, and has hired financial advisor IBK Capital Corp. to figure out how to maximize value.
IBK is already comparing the stock's recent performance to Robert Friedland's Diamond Fields Inc. shortly after it found Voisey's Bay. That company eventually sold for US$4.3-billion.
"It is probably the biggest new discovery in Canada in the last 10 years," Mr. Nemis says. "That's how big it is. It's important." He pauses. "Very important."

[e-mail]

[Fantomas96]

Nach dem GRÖßTEN Fund in James Bay durch Noront komme ich nun zu dem Joint Venture mit den MEIßTEN Funden in dem Gebiet:

SPIDER RESOURCES (SPQ.V) und KWG RESOURCES (KWG.V)

Anm.: Inzwischen ist ein großer Teil der JV-Properties in ein Joint Venture mit UC RESOURCES (UC.V) eingebunden worden.


"Spider and KWG have been exploring the James Bay Lowlands since 1992. In the process we have acquired hundreds of thousands of line kilometers of both fixed-wing and helicopter magnetic survey data and have drill-tested scores of anomalies. Our knowledge base of this area is vast and very well suited for the CARDS process."


Hier eine Karte mit den bisherigen 10 VMS-Funden (diese Tatsache an sich ist schon beachtenswert):





Und hier die Karte mit den McFaulds VMS-Funden:







McFaulds #1:




Ergebnisse:

http://www.spiderresources.com/news/September%204%202003.htm


Hole From(m) To(m) Int.(m) Cu % Zn % Au g/t Ag g/t

McF-03-11 309.0 312.5 3.5 2.00 0.025 0.137 3.5

Including 357.45 359.0 3.05 2.15 0.017 0.16 6.22


McF-03-14 90.00 116.65 26.55 0.90 2.440 0.135 5.52

Including 94.75 97.50 2.75 2.84 2.040 0.290 17.78

Including 99.00 103.60 4.60 0.84 4.410 0.060 4.27


McF-03-15 133.75 138.45 4.7 1.00 4.94 0.15 9.99


McF-03-16 354.9 360 5.1 0.06 1.55 0.01 1.59

As well as 382.5 390 7.5 1.30 0.025 0.03 3.43



McFaulds #2:


Hole From(m) To(m) Int.(m) Cu % Zn % Au g/t Ag g/t

McF-03-12 82.5 95.0 12.5 1.81 0.0132 0.22 6.06

McF-03-13 95.8 99.75 3.95 0.026 0.029 0.022 0.18



Mc Faulds #3 und #4:





The McFaulds 3 deposit has undergone extensive drill testing. To date, 13 holes have been drilled. The body has a surface length greater than 150m and a depth extent that exceeds 300m. Copper mineralization predominates and a summary table of assay highlights will be posted soon.

The McFaulds 4 body has been tested by only two drill holes. Although similar to McFaulds 1 and 3 geologically, the copper-zinc minearlization is sparse with the best intercept of 0.93% copper over 3.75m.


Mc Faulds #5 und #6:





Grid G hosts the McFaulds 5 and 6 bodies, approximately five kilometers southwest of McFaulds 1.

McFaulds 5 has been tested by two holes and the best copper intercept is 0.86% over 1.07m

McFaulds 6 has had four holes drilled into it and the best copper intercept is 1.82% over 3.3m


Mc Faulds #7:





Grid H was completed in a cooperative venture with an adjacent property holder. The total magnetic field image to the right shows only the portion of the grid on the Spider / KWG property. The location of McFaulds 7, approximately fifteen kilometers southwest of McFaulds 1, is shown. Mineralization of the McFaulds 7 body consists of an 8.6m core interval of 20-60% pyrite. Fifteen metres further down hole there is a 2.05m zone of 1.15% zinc.

__________________________________________________________________


Und abschließend noch das Freewest Joint-Venture:





Freewest Property
The Freewest property is located approximately 15 kilometres southwest of the McFauld's volcanic-hosted massive sulphide deposits. An airborne magnetic and electromagnetic survey was completed in the summer of 2003. The image to the right shows a grid of apparent magnetic susceptibility, with late-time transient EM profiles.
As part of their winter 2006 drilling program, Spider and KWG included conductive anomalies in the Freewest property. In the drill hole indicated in the south-west corner of the property, two massive chromitite layers hosted with peridotite were discovered yielding assays of

23.4% chrome (34.5% Cr2O3) over 1.03 metres and
18.6% chrome (28.9% Cr2O3) over 0.85 metres

Under the terms of an agreement with Freewest, Spider and KWG must spend a total of $3.0 Million on exploration over a four-year period to earn an initial 50% interest in the Property. They may earn a cumulative 60% interest in the Property by delivering a bankable feasibility study on any mineralization identified and a cumulative 65% interest, by arranging financing on behalf of Freewest to put the Property into commercial production.

http://www.spiderresources.com/news/June%2029b%202006.htm


Gerade die Funde dieses JV sind m.E. sehr vielversprechend, wenn man sich eine elektromagnetische Karte von Fancamp ansieht, wo die Konduktoren des FWR/SPQ/KWG- Gebietes ähnlich starke Ausschläge wie die des Noront Fundes zeigen (siehe untere Karte rechts neben Fancamp Claim 3012254):

http://www.ccnmatthews.com/docs/FNC1017.pdf



Die Claims von SPQ/KWG sind sehr vielversprechend und damit auch die JV-Partner UC bzw. FWR.

Gruß,
Fantomas

[Fantomas96]

Hier noch ein Nachtrag (News vom 05.09.07) mit einem sehr guten Drill-Ergebnis des Spider/UC- Joint Ventures auf der McFaulds Property:


http://www.spiderresources.com/news/September%2005%202007.ht…


Spider Resources Inc. and UC Resources Ltd.

intersect 4.35% Zn, 2.69% Cu, 0.35 g/t Au and 6.63 g/t Ag

over 19 metres at VMS project in Northern Ontario


Gruß,
Fantomas

[Fantomas96]

Und die Spider/KWG- News zum o.g. Freewest Joint-Venture, daß ein Winter-Drilling Programm über CAD 2 Mio. in Kürze startet:


http://www.spiderresources.com/news/October%2001%202007.htm


SPIDER & KWG JV UP-DATE AND PLANS TO DRILL TARGETS IN VICINITY OF THE NEW NORONT COPPER – NICKEL - PGE DISCOVERY



Gruß,
Fantomas

[Fantomas96]

Nach dem größten Fund und den meißten Funden nun zum GRÖßTEN CLAIM-EIGENTÜMER im Gebiet:

MACDONALD MINES (BMK.V)











Eine sehr gute Übersicht über die Claims und die aktuellen Aktivitäten von BMK liefert die Präsentation:


http://www.macdonaldmines.com/Downloads/Macdonald_Presentati…



Macdonald Mines ist inzwischen auch mit verschiedenen Joint-Ventures im Gebiet vertreten, u.a. mit Temex (TME.V) und Baltic (BLR.V).



Aus dem Pressetext:


MacDonald - Exploration Activities in the Webequie Area of James Bay

MacDonald has set upon a strategic direction of exploration in Central Canadian Northlands.

The Company has the largest geologically favorable land position similar to the SPECTACULAR NORONT Nickel-Copper Discovery. Total land holdings which are wholly-owned or with partners is approximately 60,000 Hectares.

Previous MacDonald exploration on it's McNugget Property intersected nickel mineralization. This new nickel discovery reported in hole MN-07-39 intersected 4.5 m grading 0.36%NI and 22.5m down the hole a further intersection of 27.0 m averaging 0.26%NI.
MacDonald's 2004 Airborne Survey flown @ 75 metre line spacing has allowed the Company to re-analyse this excellent data with the new focus on nickel interpretation verses previous VMS interpretation.

Und:

MacDonald is the only company in the Attawapiskat Camp with defined gold targets.

__________________________________________________________________


Weiterhin wurde am 11.10.07 ein Drill-Programm für die James Bay -Area angekündigt:

http://www.macdonaldmines.com/PressReleases/Oct11,2007.htm


Es sollen 10-15 Löcher mit einer Gesamtlänge von 2000 m gebohrt werden.



Gruß,
Fantomas

[mike32]

new map posted on probe site
Posted by: Aussie1 on October 21, 2007 09:21AM


http://www.probemines.com/i/pdf/Fact_Sheet_October%202_%2020…

http://www.probemines.com/i/pdf/McFauld_Lake_Fact_Sheet.pdf


http://agoracom.com/ir/Noront/messages/602232#message

[Fantomas96]

Zur schnellen Kursübersicht der wichtigsten Player im James Bay Lowlands-Gebiet empfehle ich Mike´s RT-Chart-Thread:

Thread: Realtime - Charts NORONT und angrenzende Explorer



Und hier die Homepage-Links zu den Firmen:




http://www.norontresources.com/home.htm





http://www.spiderresources.com/





http://www.macdonaldmines.com/





http://www.freewest.com/






http://www.ucresources.net/





http://www.kwgresources.com/





http://www.probemines.com/s/Home.asp






http://www.renforthresources.com/



TEMEX RESOURCES (TME.V)

http://www.temexcorp.com/s/Home.asp



NORTHERN SHIELD (NRN.V)

http://www.northern-shield.com/



FANCAMP EXPLORATION (FNC.V)

KEINE WEBSITE





Gruß,
Fantomas

[pintador]

Die wichtigsten "Area Plays" am McFaulds Lake:

Noront Resources
Symbol: NOT
ISIN: CA65626P1018
Schlusskurs 19.10.07 Toronto: 5,60 CAD
MK: 505.684.519 CAD
Website: norontresources.com

Fancamp Exploration
Symbol: FNC
ISIN: CA30710P1027
Schlusskurs 19.10.07 Toronto: 2,20 CAD
MK: 55.305.758 CAD
Website: unbekannt

MacDonald Mines
Symbol: BMK
ISIN: CA5543243011
Schlusskurs 19.10.07 Toronto: 0,700 CAD
MK: 53.352.123 CAD
Website: macdonaldmines.com

Northern Shield Resources
Symbol: NRN
ISIN: CA6857201064
Schlusskurs 19.10.07 Toronto: 0,980 CAD
MK: 50.791.494 CAD
Website: www.northernshield.com

Temex Resources
Symbol: TME
ISIN: CA87971U1057
Schlusskurs 19.10.07 Toronto: 0,800 CAD
MK: 46.944.648 CAD
Website: www.temexcorp.com

Spider Resources
Symbol: SPQ
ISIN: CA84844C1077
Schlusskurs 19.10.07 Toronto: 0,170 CAD
MK: 41.172.901 CAD
Website: www.spiderresources.com

UC Resources
Symbol: UC
ISIN: unbekannt
Schlusskurs 19.10.07 Toronto: 0,470 CAD
MK: 40.922.818 CAD
Website: www.ucresources.net

Baltis Resources
Symbol: BLR
ISIN: CA0589111081
Schlusskurs 19.10.07 Toronto: 1,21 CAD
MK: 39.831.868 CAD
Website: www.balticresources.ca

Free West Resources
Symbol: FWR
ISIN: CA3569041021
Schlusskurs 19.10.07 Toronto: 0,275 CAD
MK: 39.644.737 CAD
Website: www.freewest.com

KWG Resources
Symbol: KWG
ISIN: CA48277D2059
Schlusskurs 19.10.07 Toronto: 0,150 CAD
MK: 27.679.887 CAD
Website: www.kwgresources.com

Probe Mines
Symbol: PRB
ISIN: CA7426671086
Schlusskurs 19.10.07 Toronto: 0,820 CAD
MK: 19.610.278 CAD
Website: www.probemines.com

Murgor Resources
Symbol: MUG
ISIN: CA62660P1053
Schlusskurs 19.10.07 Toronto: 0,165 CAD
MK: 18.632.698 CAD
Website: unbekannt

Canstar Resources
Symbol: ROX
ISIN: CA1380811044
Schlusskurs 19.10.07 Toronto: 0,160 CAD
MK: 8.528.408 CAD
Website: unbekannt

(alle ISIN ohne Gewähr)

Aktuell: 1 EUR = 1,38230 CAD

Neben den Websites meine wichtigsten Informationsquellen zurzeit:

www.tsx.com
www.agoracom.com
www.stockhouse.com

Auf allen drei Links genügt es, das o. a. Symbol einzugeben, dann kommt man zu der entsprechenden Company-Seite bzw. zu dem entsprechenden Thread.

[pintador]

Antwort auf Beitrag Nr.: 32.099.581 von Fantomas96 am 21.10.07 18:20:20

@Fantomas,

ich war etwas langsamer.

pintador

[pintador]

Antwort auf Beitrag Nr.: 32.099.903 von pintador am 21.10.07 18:43:13

Berichtigungen und Ergänzungen:

Murgor Resources
Website: www.murgor.com

Northern Shield Resources
www.northern-shield.com

MacDonald Mines
MK: 62.870.020 CAD

[pintador]

Antwort auf Beitrag Nr.: 32.101.534 von pintador am 21.10.07 20:52:25

www.murgor.com

www.northern-shield.com

[Fantomas96]

Und hier eine interessante Grafik aus Kaisers Blog (Kopie siehe in meinem Thread: NORONT RES. (NOT.V): Spektakuläre Funde (Gold,Kupfer,Uran,Metalle)), die zeigt, wie die aktuellen Werte der Firmen und der Fortschritt ihres Deposits ist, auch im Vergleich zu vielen bisherigen (großen) Entdeckungen:





Gruß,
Fantomas

[Fantomas96]

Antwort auf Beitrag Nr.: 32.101.534 von pintador am 21.10.07 20:52:25

Hallo pintador,

danke für Deinen Input, aber Murgor ist nicht im James Bay Gebiet engagiert, sie sind "lediglich" ein Noront-Partner bei Windfall und halten Aktien von Noront.


Gruß,
Fantomas

[pintador]

Antwort auf Beitrag Nr.: 32.114.829 von Fantomas96 am 22.10.07 22:49:55

Ich konnte mit Murgor nicht viel anfangen, habe Murgor nur deshalb erwähnt, weil mike32 sie in den Charts-Thread der Area Plays aufgenommen hat.

pintador

[mike32]

NEWS - Probe Mines Announces $3,000,000 Non-Brokered Private Placement to Explore McFauld's Lake Project
Posted by: AGORACOM on October 22, 2007 04:35PM

Toronto, October 22, 2007 – The Directors of PROBE MINES LIMITED (TSX-V: PRB) ("Probe") are pleased to announce a proposed non-brokered private placement financing of up to $3,000,000 comprising the sale of up to 4,000,000 Units, to be sold at $0.75 per Unit, subject to regulatory approval and closing. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share for $1.00 for a period of 24 months (the "Warrant Term") from the closing of the transaction (the "Closing Date"), provided, however, that should the closing price at which the common shares trade, equal or exceed $1.75 for 20 consecutive trading days following the date that is four months and one day after the Closing Date, Probe may accelerate the Warrant Term to the date which is 30 days following the date a press release is issued by Probe announcing the reduced Warrant Term. All securities issued in conjunction with the offering will be subject to a hold period, which expires four months after closing.

Proceeds of the financing will be used to fund exploration on the Company’s McFauld’s Lake properties, including the 100%-owned McFauld’s Lake West Project, located approximately 450m from Noront Resources recent high-grade nickel-copper-PGE discovery; and the 100%-owned Victory Project which hosts numerous untested drill targets in a volcanic belt attached to the McFauld’s Lake Belt. Exploration on the McFauld’s Lake properties will include a winter program of magnetic and electromagnetic geophysical surveys followed by diamond drilling. The programs are expected to commence shortly, and will be focused on bringing the properties to a drill-ready state as soon as possible. Drilling will focus on the McFauld’s West property, where regional government magnetic data shows the presence of two anomalies within the claims that are similar in size and shape to that associated with Noront's discovery.

The McFauld's area is once again receiving considerable attention with the recent discovery of high-grade nickel-copper-PGE mineralization by Noront Resources. Results from hole NOT07-05 returned a 63.8m intersection of massive and net-textured sulphides in olivine-bearing peridotite grading 5.9% nickel, 3.1% copper, 2.9 g/t Pt and 9.8 g/t Pd; including a 3m interval grading 8.7% nickel, 10.9% copper, 41 g/t Pt and 14 g/t Pd. Recent field observations indicate the boundary of Probe’s McFauld’s West property is only 450m from the discovery zone. The management of Probe is encouraged by the proximity to this significant discovery, and believes there is a strong potential for this property to also host mineralization.

About Probe Mines:

Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld’s Lake area where it owns 931 claims covering almost 15,000 hectares. This includes a 100% interest in 12 claims (192 hectares) situated less than 450 metres from the site of Noront’s significant new nickel-copper discovery and represents one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Minerals Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle’s Goldex Mine near Val d’Or, Quebec, slated for production in 2008. The company’s shares trade on the TSX Venture Exchange under the symbol PRB.

Investors are invited to visit the Probe Mines IR Hub at http://www.agoracom.com/IR/Probemines where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com, or contact:

David Palmer, Ph.D.
President
Tel: [phone]

Harry J. Hodge, P.Eng.,
Director
Tel: [phone]

Karen Willoughby
Investor Relations
Tel: [phone]

http://agoracom.com/ir/probemines/messages/603259#message

[Panem]

Antwort auf Beitrag Nr.: 32.093.184 von Fantomas96 am 20.10.07 13:58:40

[Fantomas96]

http://biz.yahoo.com/ccn/071023/200710230420661001.html?.v=1


Press Release Source: UC Resources Ltd.

UC Resources Limited and Spider Resources Inc. Diamond Drilling Program at McFaulds VMS project in Northern Ontario

Tuesday October 23, 1:11 pm ET



Gruß,
Fantomas

[Broker_Hans]

Freewest Resources Announces Closing of $500,000 "Flow-Through" Private Placement With Mineralfields
MONTREAL, QUEBEC--(Marketwire - Oct. 23, 2007) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that it has completed a private placement by issuing 1,923,074 "flow-through" common shares to six limited partnerships associated with MineralFields Group of Toronto, Ontario at a price of $0.26 per share, for gross proceeds to Freewest of $500,000.

Each share is accompanied by one-half of a common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of Freewest at a price of $0.40 until October 23, 2008.

In connection with the private placement, Freewest paid a finder's fee to Limited Market Dealer Inc., consisting of 76,923 common shares and a compensation option entitling Limited Market Dealer Inc. to purchase up to 192,307 units of Freewest, representing 10 % of the number of "flow-through" common shares sold in the private placement. The compensation option is exercisable at a price of $0.26 per unit until October 23, 2008. Each unit will be comprised of one common share of Freewest and one-half of a common share purchase warrant. Each whole warrants will entitle the holder to purchase one additional common share of Freewest at a price of $0.40 until October 23, 2008.

Freewest also paid Limited Market Dealer Inc. a due diligence fee of $20,000, representing 4% of the gross proceeds raised in the private placement.

Under applicable securities legislation and policies of the TSX Venture Exchange, the common shares and warrants issued in the private placement are subject to a hold period expiring on February 24, 2008.

Freewest will use the proceeds from the private placement for exploration work on its properties.

As a result of the private placement, there are 148,943,254 common shares of Freewest issued and outstanding.

Freewest is a well-funded mineral exploration company exploring for gold, uranium and base metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

About MineralFields, Pathway and First Canadian Securities ®

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities®, a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.


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

[Broker_Hans]

TSX Venture Exchange:TME, Frankfurt Exchange:TQ1
TORONTO, Oct. 24 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") is pleased to announce drill results from a recently completed 2,345 metre, 15 hole diamond drill program on the Whitney Township and Pam Properties. The program followed up on three areas drilled by Temex in 2005-2006 (Hugh Pam Conglomerate Zone, the Reef Offset Zone, and the Reef Pit Zone) as well as tested three new target areas (Pam Property, the West Banner Zone and the South Banner Zone). Temex has the option to earn a 60% interest in the Whitney Township Property from the Porcupine Joint Venture ("PJV", a joint venture between Goldcorp Inc. and Kinross Gold Corporation).
ADVERTISEMENT


Six holes tested the Hugh Pam Conglomerate Zone where previous drilling outlined two gold mineralized horizons, including results of 17.17 g/t gold over 12.00 metres. All six holes intersected gold mineralization with the best intersection being from hole TW-07-45, which included an assay interval of 2.47 g/t gold over a core length of 14.10 m, including 5.18 g/t gold over 4.70 metres. The main gold bearing zone called the Hugh Pam Conglomerate Zone occurs above the Timiskaming unconformity. The second mineralized horizon, the Mulholland Shear Zone, occurs in the footwall Tisdale group volcanic rocks below the unconformity; this horizon has loosely been termed the Mulholland Shear horizon.

Three holes were designed to test for the down dip and western extension of gold mineralization previously intersected by the Company at the Reef Pit zone. One drill hole was drilled to intersect the down-dip extension and this hole intersected 4.09 g/t gold over 4.15 metres, including 10.29 g/t gold over 1.35 metres. Two holes drilled to intersect the western strike extension of the Reef Pit Zone returned no significant gold however the holes did intersect alteration typically associated with gold mineralization along the Broulan Reef Mine Trend.

Two drill holes were completed to further test a gold zone, called the Reef Offset Zone, discovered by Temex in 2006 (TW06-30) and interpreted to be an extension of the Broulan Reef Shear Zone. Drill hole TW07-47 was drilled above TW06-30 to intersect the up-dip extension of the Reef Offset Zone. No significant assays were reported in either drill hole. Two drill holes completed on the newly acquired Pam Property targeted a gold zone in the north-central part of the property along strike from a previously reported zone of gold mineralization in quartz-carbonate stringers within carbonate altered volcanics intercepted in 1964 by Hollander Mines. No significant assays were returned from these holes.

Field Program Underway

A field program consisting of geological mapping, geochemical sampling, linecutting and surface geophysical induced polarization ("IP") and magnetometer surveys is underway. The linecutting and geophysical surveys will target the northwestern part of the property where very little previous exploration has occurred. Historic exploration indicates the presence of anomalous gold in till in the area as well as in bedrock from previous overburden drilling campaigns. Two of the reverse circulation drill holes had till concentrate samples which returned values of 11.27 g/t gold and 5.79 g/t gold, both of which are considered by Temex to have high potential to represent a proximal undiscovered bedrock source. The latter sample occurs approximately 100 metres along strike to the east of an historic drill hole which intersected 2.74 metres grading 9.69 g/t gold. Seven of the overburden holes also encountered auriferous bedrock gold mineralization with results up to 1.93 g/t gold.

The Property is strategically located along strike 2.5 km to the west of the Pamour mine (total historic production from underground and open pit of 52.2 million tons at 0.09 ounces gold per ton for 4.7 million ounces of gold) where the PJV are currently conducting an open pit gold mining operation. The Whitney Property includes the former Broulan Reef and Hallnor gold mines, the latter of which produced 4.23 million tons at a grade of 0.40 ounces gold per ton (1.69 million ounces gold) and was one of the two highest grade producers in the Timmins camp. Temex has the right to explore the former Hallnor Mine below the 1000 feet elevation (news release March 31, 2005). The Timmins camp is one of the largest gold camps in the world with total historical production in excess of 60 million ounces of gold.

Temex is a well-funded Canadian exploration company focused on advancing its precious metal, diamond, nickel and uranium projects in Manitoba and Ontario.


On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO

(x)The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of

[mike32]

Exclusive AGORACOM Interview with John Kaiser – Renowned Junior Resource Analyst
Posted by: AGORACOM on October 23, 2007 02:53PM

http://agoracom.com/ir/Noront/messages/604387#message

Um das Interview zu hören , auf den Link klicken und dann ...!

[Broker_Hans]

Oct 25, 2007 09:20 ET
UC Resources Grants Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2007) - UC Resources "the company" (TSX VENTURE:UC) announces today that the board of directors has granted 450,000 stock options at .45 per share with a five year term.

These options are available to directors, officers, consultants, and employees of the company.

On behalf of the board of directors,

Brian Gusko, CFO

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects 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 market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings which are available at www.sedar.com.


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

[Broker_Hans]

Temex Announces Non-Brokered Private Placement Financing
Thursday October 25, 5:28 pm ET


TSX Venture Exchange: TME, Frankfurt Exchange: TQ1 NR-07-19
TORONTO, Oct. 25 /CNW/ - Temex Resources Corp. (TSX Venture Exchange: TME, Frankfurt:TQ1) ("Temex" or "the Company") announces a non-brokered private placement of units (the "Offering"), pursuant to which the company may sell up to 7,142,857 units at a price of $0.70 per unit, raising aggregate gross proceeds of approximately $5,000,000. Each Unit will be comprised of one common share in the capital of the Corporation (a "Common Share") and one-half of one Common Share purchase warrant, each whole warrant entitling the holder thereof to purchase a Common Share at a price of $1.00 for a period of 24 months.
ADVERTISEMENT

[Broker_Hans]

Oct 25, 2007 19:51 ET
Probe Mines Announces Increase in Size of Non-Brokered Private Placement to Explore McFauld's Lake Project
TORONTO, ONTARIO--(Marketwire - Oct. 25, 2007) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB) ("Probe") are pleased to announce an increase in the size of a proposed non-brokered private placement financing announced on October 22, 2007 (Press Release - 6/2007) from $3,000,000 to up to $3,500,000. All other terms of the proposed financing remain the same as earlier announced. The financing of up to $3,500,000 would comprise the sale of up to 4,666,667 Units, to be sold at $0.75 per Unit, subject to regulatory approval and closing. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share for $1.00 for a period of 24 months (the "Warrant Term") from the closing of the transaction (the "Closing Date"), provided, however, that should the closing price at which the common shares trade, equal or exceed $1.75 for 20 consecutive trading days following the date that is four months and one day after the Closing Date, Probe may accelerate the Warrant Term to the date which is 30 days following the date a press release is issued by Probe announcing the reduced Warrant Term. All securities issued in conjunction with the offering will be subject to a hold period, which expires four months after closing.

Proceeds of the financing will be used to fund exploration on the Company's McFauld's Lake properties, including the 100%-owned McFauld's Lake West Project, located approximately 450m from Noront Resources recent high-grade nickel-copper-PGE discovery; and the 100%-owned Victory Project which hosts numerous untested drill targets in a volcanic belt attached to the McFauld's Lake Belt. Exploration on the McFauld's Lake properties will include a winter program of magnetic and electromagnetic geophysical surveys followed by diamond drilling. The programs are expected to commence shortly, and will be focused on bringing the properties to a drill-ready state as soon as possible. Drilling will focus on the McFauld's West property, where regional government magnetic data shows the presence of two anomalies within the claims that are similar in size and shape to that associated with Noront's discovery.

The McFauld's area is once again receiving considerable attention with the recent discovery of high-grade nickel-copper-PGE mineralization by Noront Resources. Results from hole NOT07-05 returned a 63.8m intersection of massive and net-textured sulphides in olivine-bearing peridotite grading 5.9% nickel, 3.1% copper, 2.9 g/t Pt and 9.8 g/t Pd; including a 3m interval grading 8.7% nickel, 10.9% copper, 41 g/t Pt and 14 g/t Pd. Recent field observations indicate the boundary of Probe's McFauld's West property is only 450m from the discovery zone. The management of Probe is encouraged by the proximity to this significant discovery, and believes there is a strong potential for this property to also host mineralization.

About Probe Mines:

Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld's Lake area where it owns 931 claims covering almost 15,000 hectares. This includes a 100% interest in 12 claims (192 hectares) situated less than 450 metres from the site of Noront's significant new nickel-copper discovery and represents one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Minerals Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, slated for production in 2008. The company's shares trade on the TSX Venture Exchange under the symbol PRB.

Investors are invited to visit the Probe Mines IR Hub at http://www.agoracom.com/IR/Probemines where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.


David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release.

Forward-Looking Statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.


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

[pintador]

MacDonald $10,000,000 Brokered Financing-James Bay Exploration Program on Track for November Drill Program
10:49 EDT Friday, October 26, 2007



TORONTO, ONTARIO--(Marketwire - Oct. 26, 2007) - MacDonald Mines Exploration Ltd. (the "Company")(TSX VENTURE:BMK) proposes to complete a brokered private placement, with IBK Capital Corp. ("IBK") acting as agent, for gross proceeds of $10,000,000, such offering to be completed through the sale of 25,000,000 units of the Company (the "Offering"). A total of 15,625,000 units of the Company will be sold on a "hard dollar" basis (the "Hard Units") at a price of $0.40 per Hard Unit for gross proceeds of $6,250,000. A further 9,375,000 units of the Company will be sold on a flow-through basis (the "FT Units") at price of $0.40 per FT Unit for gross proceeds of $3,750,000. Each Hard Unit will consist of one common share and one common share purchase warrant (the "Hard Warrants"). Each FT Unit will consist of one flow-through common share and one-half of one non flow-through common share purchase warrant (each whole warrant an "FT Warrant" and collectively, with the Hard Warrants, the "Warrants"). Each Warrant will entitle the holder thereof to acquire one common share at a price of $0.50 for a period of 24 months from the date of issuance. In conjunction with this financing, and as compensation for services rendered, IBK will receive the following compensation: (i) a cash fee equal to 4.5% of gross proceeds from the sale of the FT Units, (ii) a cash fee equal to 9% of gross proceeds from the sale of the Hard Units, (iii) that number of common shares which is equal to 4.5% of the FT Units sold, and (iv) broker warrants to purchase that number of common shares of the Company which is equal to 10% of the aggregate number of Hard Units and FT Units sold under the Offering. Each such broker warrant will entitle IBK to acquire one common share of the Company at a price of $0.40 for a period of 24 months from date of issuance.

All securities issued in conjunction with the Offering are subject to a four-month hold period from the date of issuance and the financing is subject to receipt by the Company of all necessary regulatory approvals.

The Company's issued and outstanding share position as of October 22, 2007 was 111,261,025.

The Company is very pleased to announce that Sheldon Inwentash - Chairman & CEO, Pinetree Capital Ltd., Robert McEwen - Chairman & CEO, US Gold Corporation, Pierre Lassonde - Chairman, Franco-Nevada Corporation, and Randall Oliphant - Chairman, Western Gold Fields Inc. have agreed to purchase a substantial portion of the Units available in this Offering.

EXPLORATION PROGRAM

DIAMOND DRILL PROGRAM

A diamond drill program has been scheduled to commence on November 1, 2007. The planned exploration program consists of 10-15 holes totalling 2,000 metres. Cartwright Drilling has been contracted to carry out the required drilling and the drill is already situated on the McNugget Property. Cartwright Drilling has conducted all the previous drilling for the Company in the James Bay Lowlands.

Bill Nielsen, P. Geo., will oversee the overall exploration program on behalf of the Company and its joint venture partners: Baltic Resources Inc. (TSX VENTURE:BLR) and Temex Resources Corp. (TSX VENTURE:TME).

Field exploration will be managed by Randy Salo, P. Geo. in consultation with Bruce Durham, P. Geo. of Temex Resources Corp. and Hadyn Butler, P. Geo., a director of the Company.

EXTENSIVE AIRBORNE SURVEY

The Company (as the operator of the Temex/MacDonald and Baltic/Temex/MacDonald joint venture projects) is coordinating an extensive airborne geophysical survey. The 9,000 line kilometre HeliGEOTEM time-domain electromagnetic airborne survey contracted to Fugro Airborne Surveys is now underway over the newly acquired properties and will be flown at 100 metre line spacing.

GROUND SURVEYS

Line cutting of control grids is also underway and ground geophysical surveys including Max-Min, EM and magnetics will follow immediately to confirm the location and quality of airborne targets. The ground survey work has been contracted to Exsics Exploration (Timmins) and helicopter support will be provided by Expedition Helicopters (Cochrane).

ADMINISTRATION

We are pleased to announce that Julie Lassonde-Gray has agreed to join MacDonald Mines as a Director. Julie holds a Civil Engineering degree from Queens University and brings years of experience in the Mining Industry to the Board. Julie also holds the position of VP Corporate Development for Southampton Ventures Inc. We look forward to having her join our team and contributing to the success of the Company.

The Board of Directors of the Company granted 4,050,000 stock options on October 26, 2007 to directors, officers and consultants of the Company under the terms of the incentive stock option plan of the Company filed with the TSX Venture Exchange and approved by shareholders at the last annual general meeting of shareholders of the Company held on June 12, 2007. The options are exercisable at a price of $0.86 per share for a period of four years and are subject to a four month hold period from the date of the issuance thereof.

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

FOR FURTHER INFORMATION PLEASE CONTACT:

MacDonald Mines Exploration Ltd.
J. A. Kirk McKinnon
President and Chief Executive Officer
[phone]




or
MacDonald Mines Exploration Ltd.
Richard Schler
Vice President & Chief Financial Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.MacDonaldMines.com

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






Find Out More
Macdonald Mines Exp.


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[mike32]

BMK - couple of thoughts
Posted by: Rosedale on October 26, 2007 11:51AM


The real news is the last paragraph - the guys who are buying most of the PP.

40 cents is cheap - it is 'risky' money - and it is also a deal for the big boys. This is the jungle, baby.......

Why'd it take so long ? You can bet that last paragraph has been modified many times and said a lot more originally. I bet the placement is filled by the close, if not already.

As for Noront. I still think TD are controlling the action and see a rise to at least 6.95 where they have most of their asks placed from the stock they bought this morning.


http://agoracom.com/ir/Noront/messages/608394#message

[Fantomas96]

Unglaublich, die Finanzierungsrunden bei fast allen Area Plays sind angekündigt, jeder beschafft sich frisches Kapital, um zu drillen.

Na dann kann man ja nur hoffen, daß jemand fündig wird.

Das würde allerdings einen weiteren Hype für ALLE bedeuten, da dann James Bay immer mehr zum potentiellen Minengebiet wird.

Also allen viel Spaß bei der Lotterie (hier ? aus 13 anstatt 6 aus 49).

Gruß,
Fantomas

[Luzeo]

Northern Shield Resources Completes Drill Program at Highbank Lake and Stakes Claims in the Highbank Lake-Noront Area

OTTAWA, Oct. 1 /CNW Telbec/ - (TSX:V-NRN) - Northern Shield Resources
Inc. ("Northern Shield") announced today that its drill program at Highbank
Lake has been completed with assay results expected to be completed in two to
three weeks. During this program, which started in June, 7 holes were drilled
for a total of 3395 meters.
The Highbank Lake property (400 sq km) covers a recently discovered
layered mafic-ultramafic intrusion, which extends for approximately 500 square
kilometers, and is being explored for reef-hosted PGE and chromium, and
contact-type PGE mineralization. The property is located 30 km south of the
Ni-Cu-PGE occurrence recently discovered by Noront Resources Ltd.
Following the announcement by Noront, Northern Shield has staked several
claims in the area between Highbank Lake and the Noront discovery to cover a
number of magnetic anomalies that are interpreted as possible mafic-ultramafic
intrusions. Three new claim groups totalling 25 square kilometres were staked
and two other claim blocks also covering magnetic highs were staked in the
area prior to Noront's discovery. These claims are not part of the Impala
option agreement and are owned 100% by Northern Shield. Images of these
magnetic anomalies will be available shortly on the Northern Shield's website.
Impala Platinum Holdings Limited of South Africa, the world's second
largest platinum producer, maintains a 45% interest in the PGE and PGE
by-products of the Highbank Lake property and has the option of incrementally
earning up to a 60% interest in the PGE and PGE by-products of the property by
incurring a total of $5 million in exploration expenditures on the property by
2010.
Drilling operations were supervised by Christine Vaillancourt, Northern
Shield's Chief Geologist and a Qualified Person under National Instrument
43-101.
Northern Shield is an innovative, results-driven Canadian company focused
on PGE exploration. Its mission is to create a successful mineral exploration
company through technical excellence and efficient management, where success
is measured by the identification and development of high-quality mineral
exploration projects, which may ultimately be optioned, sold or developed for
optimal benefit. For further information on Northern Shield and its
properties, please visit Northern Shield's website at www.northern-shield.com.

Forward-Looking Statements Advisory

The forward-looking statements or information contained in this news
release are made as of the date hereof and Northern Shield undertakes no
obligation to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws.

[mike32]

Guten Morgen !

Soweit ich weiss sind doch einige hier in "BMK" investiert , umso mehr wundere ich mich über so wenig Resonance (der "BNK"-Thread eingeschlossen ),
diesbezüglich der PP zu 0,40 CAD , die doch eigentlich einen Schlag ins Gesicht (sprich Betrug), für alle privaten Aktionäre ist !

Ich bin mir sicher , ein RN hätte das nicht gemacht !


Gruss mike
(auch das Argument das die PP zu einem Zeitpunkt verhandelt wurde , als der Kurs noch um die 30 Cent war , lass ich nicht gelten )

[mike32]

Lawsuit if PP proceeds
Posted by: alcollard on October 28, 2007 01:29AM

I sold my shares when the stock started trading. I wanted nothing to do with a company that would treat its shareholders with such blant disrespect. I took my loss which wasn't all that much, luckily. A few k loss won't kill me, it's the matter in which it was done thats burns me.

This PP was done to let a few greedy bigwigs in the mining industry in on the cheap. I've heard people on this board say it doesn't matter the stock will do well in the future. Well perhaps it will, in fact i'm pretty sure it will, because the bigwigs will most certainly want to dump their cheap share on the unsuspecting public.
Then they can move on to the next poor company that has a find, and rape and pillage their shareholders.
Shareholders? Don't you see how your holdings have been diluted with this PP? This is wrong, there is no possible way to think that this should be allowed.

http://www.agoracom.com/ir/MacDonald/messages/609746#message

[Fantomas96]

Antwort auf Beitrag Nr.: 32.179.955 von mike32 am 28.10.07 13:16:54

Hallo mike,

ich glaube, daß das Vorgehen von BMK (leider) zum Alltag der Explorer gehört.

Es handelt sich um ein riskantes Unternehmen für Investoren, daß sich nur eventuell auszahlt, denn außer dem Land in einem vielleicht vielversprechenden Gebiet hat BMK bisher nicht viel vorzuweisen.

Um die Geldgeber zum Investieren zu veranlassen, müssen ihnen Anreize gegeben werden, dies geschieht i.d.R. in Form eines "günstigen" Einstiegspreises.

Natürlich ist dieser unterhalb des aktuellen Kurses, ob es nun die Hälfte sein mußte, darüber läßt sich sicherlich diskutieren.

Allerdings hätten Anleger vor noch nicht einmal 2 Wochen auch zu diesen Kursen einsteigen können.

Du verweist in diesem Zusammenhang auf Noront, daher möchte ich hier Noronts Beispiel vom Dezember 2006 anführen:

Richard hat am 21.12.06 über IBK Capital den Abschluß des Private Placements über 15 Mio. CAD verkündet.

Hier sind 30 Mio. Aktien für CAD 0,50 an Investoren abgegeben worden (+ 25 Mio. Warrants für CAD 0,75).

Im Dezember 2006 hat nach den Windfall-News der Noront Kurs immer zwischen CAD 0,58 und 1,07 gelegen (SK nur 4x unter CAD 0,75).

http://finance.yahoo.com/q/hp?s=NOT.V&a=11&b=1&c=2006&d=11&e…

Wer in diesen 3 Wochen für über CAD 1,00 eingestiegen ist, hätte also auch Grund genug gehabt, sich über eine erhebliche Verwässerung (30 Mio. neue Aktien bei zu dem Zeitpunkt knapp 55 Mio. ausgegebenen Aktien = mehr als 50% Verwässerung) zum halben Kurswert zu beschweren.

Aber wie gesagt, so ist das Explorer-Business, ob es uns kleinen Privatinvestoren gefällt oder nicht.
Oder würdest Du 15 Mio. Dollar in etwas nicht sehr sicheres ohne einen besonderen Anreiz / Vorteil investieren ? (Ich nicht!).

Daher mein Kommentar:
"BMK hat eine Beteiligung vielleicht (zu) günstig angeboten, hat aber nun Mittel, um es in ein positives Ergebnis (auch für die Kleinaktionäre) umzumünzen. Die nächsten Monate werden es zeigen."

Gruß,
Fantomas

[Kelthe]

Antwort auf Beitrag Nr.: 32.179.955 von mike32 am 28.10.07 13:16:54

Hallo,

natürlich ist der Ausgabepreis nicht gerade schön für Altaktionäre, aber man sollte schon auch den Zeitpunkt beachten wo darüber verhandelt wurde.
Fantomas hat schon gesagt, dass noront so ähnlich gehandelt hat...
Ein Explorer brauch nun einmal Geld...

So ein PP ist ja nicht nur von Nachteil. Damit sind jetzt Große mit an Bord. (Die machen nichts ohne Grund)
Desweiteren werden in Can immer noch große Stückzahlen gekauft. Was vermuten lässt, dass die Großen noch mehr aufstocken.
Vor allem bin ich aber von den Namen begeistert, welche nun mit an Bord sind!!! Diese sprechen für sich und haben mich veranlasst im Nov. massiv aufzustocken.

Zum Schluss sollte man auch mal schauen, wie stark sich der Kurs trotz des miserablen Ausgabepreises, der Verwässerung UND dem nachgebenden Kurs von noront zum Schluss in Can gehalten hat!!!
-NAHEZU OHNE VERLUST GESCHLOSSEN!!!!

Verstehe nicht, weshalb noront immer sooo weit weg von bmk geredet wird! Es wird immer gesagt, bmk hätte noch nichts vorzuweisen...
Das stimmt, ABER genau nebenan wurden enorm hohe Grade nachgewiesen! Ist es denn soo unwahrscheinlich das paar meter weiter auch etwas ist??

-Glaubt ihr, dass Volumen wäre nur Zufall?
-Glaubt ihr die Großen steigen ohne Grund ein. Aus Jux? Mit dem Geld?
-Glaubt ihr die geben ihren guten Namen her für NIX?

Statt zu denken NUR noront wäre der burner, sollten wir uns alle zusammen freuen, dass wir SEHR wahrscheinlich eine zweite Perle haben! Evtl. mit UC die dritte!!

Gruß Kelthe

[mike32]

Antwort auf Beitrag Nr.: 32.180.611 von Fantomas96 am 28.10.07 16:13:11

Hallo Fanzomas96,

das es auch anders geht , hat ja nun unlängst " PRB " bewiesen :

http://www.stockhouse.com/news/news.asp?newsid=6168716&tick=… .

Ob man nun den CEO von " NOT " , der , s. Agoracomthread , man kennt sich dort schon lange Jahre , als äusserst aktionärsfreundlich (und das ist noch nicht mal übertrieben ) ist , mit dem was bei "BMK" ablief , vergleichen kann , wage ich zu bezweifeln .

Ausserdem ist die PP von NOT Geschichte und BMK die Gegenwart !

Bei einer normalen PP , hätte man wohl auch keinen " Trading Halt "

erwirken müssen !

@Kelthe ,

ich weiss nicht was daran falsch ist , auf Dinge hinzuweisen , die nicht korrekt sind , nur weil sie nicht in Deinen Kram passen . Das der Kurs nicht eingebrochen , ist wohl mehr auf die Gier der Anleger zurückzuführen , ja nicht eine 2. "NORONT " zu verpassen , die es leider nicht mehr geben wird .

Aber nichts für ungut , trotz alledem , wünsche Euch allen fette Gewinne mit "BMK" und den anderen Sideplays !



gruss mike
PS.: wenn zwei das GLEICHE tuen , ist es noch lange nicht das GLEICHE !

[Paepstin]

Entschuldigt bitte die Störung,

aber habt ihr euch schon angemeldet für die schicke Advent Party von WO?
Schaut mal unter http://www.wallstreet-online.de/dyn/community/thread.html?th…



Ich freue mich auf jeden Gast, lasst knacken!

Päpstin

[Kelthe]

Antwort auf Beitrag Nr.: 32.181.017 von mike32 am 28.10.07 18:03:13

Es ist nichts falsch daran "auf Dinge hinzuweisen"!
Diskutiere auch sehr gern unvoreingenommen. Ebenfalls habe ich auch betont, dass die Aktion für die Altaktionäre auf den ersten Blick auch nicht Vorteilhaft war.

Aber bei dir habe ich leider das Gefühl, das es dir nicht passt, das bmk auch erfolg haben könnte.

"außerdem ist die PP von NOT Geschichte und BMK die Gegenwart"

Ich bitte dich, was ist das für eine Begründung oder Aussage???
bmk hat ja auch noch nicht gebohrt, not schon. Und jetzt?
Wie ich schon mal geschrieben habe, sind wir zeitlich hinter noront!
Daher ist der Kurs ja auch noch nicht so gelaufen wie bei noront!
Fakt ist, dass noront ebenfalls ein PP hatte!!!
Schau bitte mal auf den 2-3 Jahreschart in Can bei bmk UND not!
Da wirst du etwas feststellen...

"Das der Kurs nicht eingebrochen ist, ...die Gier der Anleger nicht die 2. Noront zu verpassen, DIE ES NICHT GEBEN WIRD"!

Diese Aussage schmeckt mir nicht! Aus folgenden Gründen:
-Bei dem Volumen kann man wohl kaum von "gierigen Kleinanlegern" sprechen, welche keinerlei Ahnung haben, oder?
Würden denn die Großen einsteigen, wenn NICHTS wäre?
-"DIE ES NICHT GEBEN WIRD" krönt die ganze Sache!
Du scheinst ja ganz genau zu wissen, das bei bmk nichts liegt! Der liebe Gott hat NUR bei NORONT die Rohstoffe hingekippt, was?
Also dafür hätte ich ganz gerne mal eine Erklärung.

Nichts für ungut aber es scheint mir so, als hättest du etwas dagegen, dass bmk genauso erfolgreich sein KÖNNTE wie noront.
Jedoch wüsste ich nicht weshalb. Könntest doch auch noch einsteigen und Geld verdienen...

Was wäre denn so verkehrt daran, wenn bmk auch hohe Grade nachweisen könnte?
Oder ist es dir einfach zu früh. Möchtest gerne not über 10€ verkaufen und dann ganz günstig mit dem Kapital in bmk rein. Daher wärst du interessiert, das der Kurs noch etwas wartet.

Wie dem auch sei, einfach mal zu sagen es gäbe keine 2.noront ist ja quatsch!

Gruß Kelthe

[blackwhiteknight]

Antwort auf Beitrag Nr.: 32.181.017 von mike32 am 28.10.07 18:03:13

Ziemlich gut, deine Einstellung, Mike,

auch ich wünsche allen fette Gewinne mit BMK, aber im Gegensatz zu NOT (Windfall 1700 g/t Au) hatte BMK vor dem PP nichts nachzuweisen, das ist eben der Unterschied, den Kelthe nicht zu begreifen scheint.

Weil Jack K. der Nachbar von Bill Gates ist, heisst es doch nicht, dass er jemals reich sein wird, was ist das für eine Logik?, – wenn ich diese Metapher verwenden darf – auch wenn die Wahrscheinlichkeit für BMK ein paar Prozentpunkte höher liegt?

Das hier ist ein Faktenthread, also soll Kelthe hier Fakten liefern, kein Geschwätz.

Grus BWK

[mike32]

Antwort auf Beitrag Nr.: 32.181.532 von Kelthe am 28.10.07 19:35:46

Oder ist es dir einfach zu früh. Möchtest gerne not über 10€ verkaufen und dann ganz günstig mit dem Kapital in bmk rein. Daher wärst du interessiert, das der Kurs noch etwas wartet.



Ja , das ist der Grund !

gruss mike

[Fantomas96]

Antwort auf Beitrag Nr.: 32.181.017 von mike32 am 28.10.07 18:03:13

Hallo Mike,

damit wir uns nicht falsch verstehen, ich halte die PP-Praxis von BMK für absolut altaktionärsunfreundlich.

Ob man nun den CEO von " NOT " , der , s. Agoracomthread , man kennt sich dort schon lange Jahre , als äusserst aktionärsfreundlich (und das ist noch nicht mal übertrieben ) ist , mit dem was bei "BMK" ablief , vergleichen kann , wage ich zu bezweifeln .

Ausserdem ist die PP von NOT Geschichte und BMK die Gegenwart !


Und der Vergleich zum NOT-PP war nicht auf Richard gemünzt, der, wie Du ausführtest, mit Sicherheit "sehr aktionärsfreundlich" ist.

BWK schrieb:

"aber im Gegensatz zu NOT (Windfall 1700 g/t Au) hatte BMK vor dem PP nichts nachzuweisen"

Und genau deswegen habe ich mich auch letzten Dezember geärgert, daß es gerade nach den Windfall-News ein PP mit großer Verwässerung zum halben Preis des damaligen Höchstkurses gegeben hat, wo doch nach diesen Ergebnissen eine sehr optimistische Situation vorlag. Und ich glaube auch, daß diese Verwässerung bis Juli/ August trotz weiterer guter News einer von vielen Gründen für den Preisverfall von Noront war.
Aber ich mußte einsehen, daß das nunmal das "Spiel der Großen" ist.
Keiner investiert große Summen ohne irgendwelche Vorteile gegenüber allen "Kleinen" zu bekommen.
Und Richard hat dieses Geld schnell gebraucht, um die Projekte, allen voran Windfall, schnellstmöglich weiter voranzutreiben.
Daher ist Noront heute da, wo wir jetzt sind !

Aber Du hast Recht, BMK hätte es auch anders machen können (s. PRB).

So und jetzt hoffe ich, daß alle (wichtigen) Area Plays ihre PP´s durch haben und wir uns wieder der Hauptsache widmen können, die für alle in James Bay von immenser Bedeutung ist:

Drillergebnisse von NORONT in der kommenden Woche !


Gruß,
Fantomas

[Kelthe]

Antwort auf Beitrag Nr.: 32.181.655 von blackwhiteknight am 28.10.07 19:55:29

Scheinbar kann und WILL hier niemand begreifen, dass der Kurs von bmk ganz wo anders ist, wenn Ergebnisse vorliegen!!!
Habe Argumente gepostet welche für einen ähnlichen Verlauf sprechen im Gegensatz zu anderen.
Bohrergebnisse als Fakten kann ich dir leider keine geben!

Es wäre doch besser investiert zu sein BEVOR die Ergebnisse kommen oder sehe ich das falsch??

Aber wie mike in seinem Posting zugegeben hat ist ihm der Anstieg einfach zu früh!
Das glaube ich ihm!! Und das ist auch OK!

Gruß Kelthe

[mike32]

Antwort auf Beitrag Nr.: 32.182.892 von Kelthe am 29.10.07 07:10:11

Aber wie mike in seinem Posting zugegeben hat ist ihm der Anstieg einfach zu früh!
Das glaube ich ihm!! Und das ist auch OK!

[Broker_Hans]

Oct 29, 2007 06:30 ET
Fancamp Exploration-Acquires "Magpie" Interest
BURNABY, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) -

The Company wishes to report that it has acquired, by staking (together with a 50% partner) a 50% interest in the well known Magpie titaniferous magnetite deposits located on Quebec's North Shore, some 80 miles north of the coast, near Longue Pointe de Mingan.

It was reported by Marcel Vallee and Raymond Raby of SOQUEM in CIM Transactions Vol. LXXIV, pages 264-271, 1971, that these deposits contain more than one billion tons of titaniferous magnetite grading 43% Fe, 10.5% Ti02 and 1.6% Cr with minor values of vanadium. This estimate is historical in nature and therefore should not be relied upon. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources and the Company does not consider these historical estimates as current.

The Magpie deposits outcrop as a series of en echelon ridges in a corridor some 4.5 miles long and 2,000 feet wide. The ridges stand up to 800 feet above the surrounding country, lending themselves to low cost mining methods.

ON BEHALF OF THE BOARD

Peter H. Smith, Ph.D., P.Eng., President

S.E.C. Exemption: 12(g)3-2(b)



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

[Kelthe]

Antwort auf Beitrag Nr.: 32.185.256 von mike32 am 29.10.07 11:06:13

Wie mir scheint sehen das andere genauso und schichten bereits in bmk um....


Gruß Kelthe

[blackwhiteknight]

Antwort auf Beitrag Nr.: 32.189.364 von Kelthe am 29.10.07 15:05:40

Wie mir scheint sehen das andere genauso und schichten bereits in bmk um...

Ja, wenn sie blöd sind, schichten sie um. Viel Glück.

BWK

[Fantomas96]

ACHTUNG FAKTENTHREAD !!!


Ich möchte alle Poster hier noch einmal eindringlich bitten, hier NUR Fakten zu posten (ein kleiner Kommentar hier und da zu den Fakten ist o.k.).

Dies soll eine Informationsplattform zu Playern im James Bay-Gebiet sein.

Wer sich über Gerüchte, Kursentwicklungen etc. austauschen möchte, soll doch bitte einen Thread dafür eröffnen !


VIELEN DANK FÜR DIE BEACHTUNG !


Gruß,
Fantomas

[Broker_Hans]

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2007) - Noront Resources Ltd. ("Noront")(TSX VENTURE:NOT) is pleased to announce progress of the diamond drilling and geophysical program, as well as recently received assay results on its' Double Eagle project located in James Bay Lowlands, northeastern Ontario.

HIGHLIGHTS

- Hole NOT-07-07 undercut hole NOT-07-05 intersected the main mineralized zone starting at 72 meters core length and remained in it until 123.5 meters, for a total of 51.5 meters which included massive sulphide mineralization between 75.2 and 89.5 meters (14.3 meters) core length that averaged 2.5% Cu, 6.3 % Ni, 5.92 g/t Pt, 16.21 g/t Pd, 0.24 g/t Au and 8.3 g/t Ag.

- Hole NOT-07-09 intersected the mineralized zone at 43 meters core length and remained in it until 88.6 meters for a total intersection of 45.6 meters. This mineralized zone included two massive sulphide sections totaling 22 meters. Assays for the 17.4 meter upper massive sulphide section averaged 3.87 % Cu, 4.82 % Ni, 1.02 g/t Pt, 14.78 g/t Pd, 0.27 g/t Au and 11.3 g/t Ag (Pd values pending), while the lower 4.6 meter massive sulphide section averaged 2.01 % Cu, 8.3 % Ni, 0.14 g/t Pt, 0.23 g/t, 11.53 g/t Pd, Au and 5.1 g/t Ag;

- The near vertical dipping mineralized Nickel - Copper - PGM Eagle One occurrence averaging 40 to 45 meters in horizontal width is still open along strike, lies conformably near the western edge of a larger peridotite intrusive that has widened to 85 meters in horizontal width at its presently drilled south extent.

- Noront increases land position to 41,632 hectares (416.32 square kilometers) in 173 mining claims, and staking continues around the "Ring of Fire".

- Detailed ground geophysical program continues, airborne AeroTEM-2 survey underway by Aeroquest International Limited, overseen by Scott Hogg and Associates, survey started on October 15th and to date they have flown 1,102 kilometers.

Noront has completed 2,676 meters of diamond drilling in 15 diamond drill holes (not including current holes that are underway) on the Eagle One Ni-Cu-PGE occurrence since starting the drill program in late August. The following table summarizes drill hole locations (based upon local grid) and provides details of the drilling completed thus far.




Table 1 Corrected Local Grid Co-ordinates
------------------------------------------------------------------------------------------------------------------------------------------------------ Northing Easting Elev-Hole Northing Easting UTM UTM azimuth dip ation Length--------------------------------------------------------------------------- Local Local Grid GridNumber (m) (m) (degrees) (degrees) (m ASL) (m)---------------------------------------------------------------------------NOT-07-1 1210 5100 5843646 547202 135 -45 172 140---------------------------------------------------------------------------NOT-07-2 1210 5100 5843646 547202 135 -65 172 191---------------------------------------------------------------------------NOT-07-3 1221 5200 5843741 547251 135 -45 172 179---------------------------------------------------------------------------NOT-07-4 1185 5000 5843578 547130 135 -45 172 133---------------------------------------------------------------------------NOT-07-5 1162 5150 5843654 547265 0 -90 172 143.4---------------------------------------------------------------------------NOT-07-6 1025 5290 5843644 547441 270 -45 172 389---------------------------------------------------------------------------NOT-07-7 1218 5103 5843653 547198 96 -45 172 149---------------------------------------------------------------------------NOT-07-8 1218 5103 5843653 547200 96 -70 172 171---------------------------------------------------------------------------NOT-07-9 1204 5147 5843683 547233 97 -45 172 99---------------------------------------------------------------------------NOT-07-10 1204 5147 5843683 547233 97 -71 172 123---------------------------------------------------------------------------NOT-07-11 1204 5147 5843683 547233 97 -59 172 113.8---------------------------------------------------------------------------NOT-07-12 1188 5002 5843580 547129 104 -50 172 239---------------------------------------------------------------------------NOT-07-13 1188 5002 5843580 547129 104 -68 172 254---------------------------------------------------------------------------NOT-07-14 1170 5012 5843576 547150 104 -45 172 197--------------------------------------------------------------------------- under-NOT-07-15 1120 5015 5843536 547191 102 -60 172 way---------------------------------------------------------------------------NOT-07-16 1080 5108 5843562 547290 269 -45 172 155--------------------------------------------------------------------------- 143NOT-07-17 1080 5108 5843562 547290 269 -60 172 (cont.)------------------------------------------------------------------------------------------------------------------------------------------------------



Please note that the local grid collar locations are measured from the NW - SE oriented un-surveyed picket lines, whereas the UTM Grid co-ordinates are the GPS surveyed collar locations. The latter should be used when plotting drillholes. An up to date drill collar location plan of the area will be added to the Noront website www.norontresources.com within the next few days, along with a preliminary 3D Gemcom model of this MMS occurrence.



New drill hole data (assays received)
------------------------------------------------------------------------------------------------------------------------------------------------------ FromHole (m) To (m) Int. Cu Ni Pt Pd Au Ag (m) (%) (%) (g/t) (g/t) (g/t) (g/t)------------------------------------------------------------------------------------------------------------------------------------------------------NOT-07-07 72 123.5 51.5 1.5 3.7 2.28 7.51 0.82 5.2---------------------------------------------------------------------------including 72 75.2 3.2 1.25 0.61 0.68 2.58 0.07 4.1---------------------------------------------------------------------------and 75.2 89.5 14.3 2.47 6.27 5.92 16.21 0.24 8.3---------------------------------------------------------------------------incl. high grade 75.2 78 2.8 3.02 8.46 22.15 22.42 0.17 10.1---------------------------------------------------------------------------and 89.5 103.8 14.3 2.42 6.31 0.4 8.71 2.63 8---------------------------------------------------------------------------and 103.8 123.5 19.7 0.17 0.45 1.29 1.15 0.06 1.11---------------------------------------------------------------------------
---------------------------------------------------------------------------NOT-07-08 129 136.9 7.9 0.13 0.31 0.13 0.57 0.38 1.3---------------------------------------------------------------------------
---------------------------------------------------------------------------NOT-07-09 43 88.6 45.6 1.82 2.89 0.6 7.16 0.15 5---------------------------------------------------------------------------including 43 45.8 2.8 0.01 0.06 0.04 0.09 0.01 0---------------------------------------------------------------------------and 45.8 63.2 17.4 3.87 4.82 1.02 14.78 0.27 11.3---------------------------------------------------------------------------and 63.2 65.3 2.1 0.28 0.06 0.3 0.14 0.07 0---------------------------------------------------------------------------and 65.3 69.9 4.6 2.01 8.3 0.14 11.53 0.23 5.1---------------------------------------------------------------------------and 69.9 88.6 18.7 0.31 0.51 0.34 0.84 0.06 0.5------------------------------------------------------------------------------------------------------------------------------------------------------



Please note that the drill intercepts mentioned herein are not true widths, any reference to true width at this time in the exploration of the Eagle One MMS occurrence would be misleading. The mineralized body is irregular in shape, based upon the drilling to date and is best described below under description of mineralized body.

Assays from hole NOT-07-07 have recently been received. As stated in an earlier press release (October 9) this hole was positioned at the same collar location as holes NOT-07-01 and NOT-07-02 (7 meters away to allow for drill setup), however the azimuth was set at 096 degrees, to undercut Hole NOT-07-05 from the west that was drilled vertically. The initial dip of this hole was set at -45 degrees. The hole entered the peridotite bearing sulphide unit at 72 meters core length, then hit the massive sulphide zone at 75.2 meters, remaining in massive sulphides until 89.5 meters. It then entered a mixed zone of net-textured massive sulphides from 89.5 to 103.8 meters downhole, and remained in mineralized peridotite until 123.5 meter core length for a total mineralized drill intercept of 51.5 meters.

Assays from hole NOT-07-08 have also been received. This hole was positioned at the same collar location as hole #7 and drilled in the same direction 096 degrees azimuth, however the dip of the hole was steepened to -70 degrees. This hole entered the peridotite at 128.8 meters and had only a short section of mineralized peridotite containing sulphides between 131.5 and 136.9 meters. The hole then entered the granodiorite and was stopped at 171 meters.

Complete assays for hole NOT-07-09 have been received. Hole NOT-07-09 was designed to determine the northerly strike and up plunge potential of the mineralized zone, drilled along an east-west oriented drill section 25 meters to the north of NOT-07-05. This hole was drilled from the northwest (for local grid co-ordinates and collar information refer to Table 1). The hole entered peridotite at 43 meters core length and then entered massive sulphides at 45.8 and remained in massive sulphide mineralization until 63.2 meters core length. After a short section of peridotite, the hole re-entered massive sulphides at 65.3 meters core length and then re-entered the peridotite at 69.9 meters. This section of peridotite was well mineralized with net textured sulphides until 88.6 meters core length when granodiorite was encountered. The hole was terminated at 99 meters in granodiorite.

Hole Summaries (assays outstanding)

Hole NOT-07-10 was drilled to test for massive sulphides below NOT-07-09. This hole did not intersect any massive sulphides; it is assumed that the hole went below the main massive sulphide zone, however the hole went through 12.1 meters of peridotite containing minor sulphide between 86.9 and 99 meters downhole. The hole was terminated in granodiorite at 119 meters.

Hole NOT-07-11 was drilled to test for massive sulphides below NOT-07-09 and above hole NOT-07-10. This hole encountered the peridotite between 52.3 and 93.4 meters downhole, that contained two sections of well mineralized massive sulphides between 58.5 and 60.1 meters (1.6 meters) followed by another massive sulphide section between 74.4 and 75.8 meters (1.4 meters) with mineralized peridotite inbetween. The hole was terminated in granodiorite at 113.8 meters.

Hole NOT-07-12 was drilled as a 40 meter southerly step out on section in the plane of the mineralized zone as defined by the pierce points of holes NOT-07-07 and, 01 and 02 along an east-west oriented drill section. This hole intersected the peridotite at 82.5 meters and then intersected massive sulphides between 83.6 and 92 meters downhole. From 92 to 113 meters a semi-massive section of sulphides was encountered consisting of pyrrhotite, pentlandite and chalcopyrite, followed by net textured nickel and copper sulphide mineralization to 182 meters, after which lean sulphide bearing altered peridotite host rock was encountered to 220.6 meters down hole. The hole was terminated at 239 meters in granodiorite.

NOT-07-13, drilled with an azimuth of 104 degrees at -68 degrees initial dip, from the same collar location as NOT-07-12. This hole was designed to undercut the mineralized zone at depth below hole 12. The hole was drilled to a depth of 254m and encountered granodiorite through it's entire length, and had steepened to -72 degrees at the end.

NOT-07-14 was positioned 20m east of hole NOT-07-12 and 13 with an initial easterly azimuth of 104 degrees with an initial dip set at -45 degrees to overcut hole #12. After 46m of granodiorite, NOT-07-14 intercepted peridotite with weak sulphide mineralization from 46 to 53 meters. From 53 meters to 56.4 meters, massive sulphides were intersected. From 56.4 to 80 meters, net-textured peridotite with strong sulphide mineralization was encountered. To 103m, moderately mineralized peridotite consisting of disseminated sulphides was intersected. Weakly mineralized peridotite was then intersected until 188m. The hole ended in granodiorite at 197m.

The second drill, set up approximately 30 meters south of the NOT-07-14 drill section on hole NOT-07-15 with a collar location of 50+15E, 11+20N in local grid co-ordinates and an initial dip of -60 degrees with a 102 degrees azimuth is underway, but has yet to complete any advance due to faulty equipment.

NOT-07-16 was positioned with local grid coordinates of 51+08E, 10+80N and drilled west at 269 degrees azimuth to explore the wide extent of the peridotite over the hole NOT-07-14 mineralized zone closer to surface. NOT-07-16 was drilled at -45 degrees. This hole encountered altered peridotite from 4.5 until 93 meters with trace mineralization. From 93 to 121 meters, peridotite with disseminated sulphides was encountered. From 121 to 133 meters, net-textured peridotite with strong sulphide mineralization was intersected. From 133 to 133.6 meters, massive sulphides were encountered. After this point, a mafic dyke mixed with granodiorite was encountered to the end at 155 meters.

NOT-07-17 is positioned at the same collar location as hole NOT-07-16 with an initial dip of -60 degrees to undercut the mineralization encountered in the upper hole. This hole intersected mineralized peridotite at 98 meters and at 138 meters encountered net textured sulphides which continues to at least 143 meters where the drill hole advance is temporarily halted due to a mechanical breakdown.

Description of mineralized body

To date, the north-south striking peridotite intrusive body hosting the Eagle One occurrence has varied in horizontal width from approximately 40 meters at the north end (in drill holes NOT-07-9, 10, 11) to 85 meters at the most southerly drilled section of holes (in holes NOT-07-12, 14, 16, 17) for a horizontal drilled length of 130 meters and still open to the south. The mineralized Peridotite including basal massive sulphides on the west side, are overlain by net-textured sulphides which in turn are overlain by lower sulphide mineralization to the east; all carry significant Nickel-Copper-PGM values in the five holes assayed to date with another five holes in which assays are pending. The Eagle One mineralized Nickel-Copper zone (an MMS type deposit) varies in horizontal width from approx. 40 meters at the north end to 45 meters at the south end and remains open at both ends. Maximum vertical extent of the mineralized zone thus far from the bottom of the shallow overburden and younger limestone capping is approximately 130 meters outlined by drilling to date.

Property Expansion Status

In light of this exciting Nickel - Copper and PGE discovery, with high economic potential, Noront continues with an aggressive exploration and staking campaign and have dubbed the area the "Ring of Fire". Prior to Noront's initial discovery of the "Eagle One Ni-Cu-PGE occurrence", Noront held 32 individual claims totaling 491 units (7,856 hectares). Since the discovery on August 25, 2007, Noront has recorded an additional 141 claims totaling 2111 units (33,776 hectares). Presently, Noront has amassed an area within the "Ring of Fire" of 173 mining claims totaling 2,602units (41,632 hectares) or 416.32 square kilometers.

Expanded program

The second diamond drill arrived at the project site on the 23rd of October and was moved to the first drill site to test for the southerly extension of the Eagle One Magmatic Massive Sulphide (MMS) occurrence. Unfortunately this drill arrived in a bad state of repair and encountered difficulty during startup. Mechanics from Cabo Drilling arrived on October 27 to commence repairs in the field. In addition to the stepped up drilling program that will go through the freeze-up period with both drills a new drill camp is being built within walking distance to the Eagle One MMS occurrence that will minimize the downtime due to weather and the helicopter not being able to service the drill for shift changes. ( a number of shifts have been lost due to inclement weather). In addition to the intense ground geophysical program already referred to in earlier press releases, an airborne survey contract was awarded to Aeroquest International Limited using their helicopter mounted AeroTEM-2 system. To date a total of 1,102 kilometers of flying have been completed. They initially focused the survey in the vicinity of the Eagle One occurrence and then proceeded to work around the Ring of Fire towards the east to complete as much survey work as possible (weather permitting) covering the newly acquired claims held by the Company.

On Site Quality Assurance / Quality Control Measures

The aforementioned assay and sample information, as well as geological descriptions are taken from drill logs as prepared by two site geologists for the drill program, Dr. Howard Lahti, P.Geo., of Fredericton, New Brunswick and Mike Kilbourne, geologist from Newmarket, Ontario. Billiken Management Services Inc. is providing all services on site for the Noront Double Eagle Project, from their base camp at McFaulds Lake. Billiken is a holder of Certificate of Authorization issued by the Association of Professional Geoscientists of Ontario.

All samples reported upon herein were selected, and sealed and readied for shipment to ALS Chemex laboratory in Thunder Bay Ontario, they were assigned a "RUSH ASSAY" request. All samples were selected by either Dr. Howard Lahti, P.Geo. or Mike Kilbourne (geologist), and were cut in half by diamond core saw. Individual samples were labeled, placed and sealed in plastic sample bags. Groups of samples were then placed into durable rice bags that were secured by project security tags and then placed into plastic pails for shipping. Plastic pails were delivered via bonded carrier to ALS Chemex's sample preparation laboratory in Thunder Bay, Ontario. All samples were then crushed and pulverized, then sample pulps were sent to ALS Chemex Laboratory in Vancouver B.C. for analysis, remaining coarse reject portion of the samples remain in storage at the ALS Chemex storage facility in Thunder Bay as required in the event that further work is needed. In Vancouver, the samples underwent analysis using ALS Chemex assay procedure AA46 for nickel, copper and silver, and ICP24 for Au, Pt, and Pd. When samples received over-limit values they underwent further analysis using ALS Chemex assay procedure ICP27 (for gold, platinum and palladium), as well as GRA21 for gold. The reader is referred to: www.alschemex.com for details of these analytical procedures.

Independent Quality Assurance and Quality Control Protocol

Gold, platinum and palladium are assayed using fire assay on a 50 gram nominal sample weight with an ICP-AES finish. Nickel and copper are assayed using aqua regia (3-acid) digestion with either ICP-AES or AAS finish. A comprehensive QA/QC program has been implemented to monitor all assays on the Double Eagle Project. Samples are assembled in numbered batches of 77 samples, which equates to the number of client samples per furnace batch at ALS Chemex. Included in each batch of 77 samples are 4 certified reference material samples, 3 blank samples comprised of sterile drill core, and 4 field duplicate samples. This QC program was set up for Noront by Tracy Armstrong P.Geo, of P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec. Assay results will be monitored on an on-going, real time basis for accuracy, contamination and precision by P&E.

Independent QA/QC report received October 29, 2007

Tracy Armstrong, P.Geo. of P&E reports "The QC results have been examined for the most recent batch of sample results received from ALS Chemex. Results for the blanks inserted into the sample batch are all acceptable, precision on the duplicates is not as good as the first report, but the values for these recent samples are generally higher, so this is not too surprising. With respect to the insertion of standards into the sample batch, the No. 1 standard results are all within the warning limits for Au, Pt, and Pd and are acceptable (this standard was not certified for copper and nickel). The No. 2 standard is also within warning limits for Au, Cu, Ni, and Pd, however Pt has two out of four data points on the tolerance limit line, with one point failing, and one point within the warning limits. As of yet, with only 4 data points, it is not too concerning, but this will need to be followed closely." Billiken will advise ALS Chemex of this concern so that the issue can be addressed immediately.

Richard Nemis Goes ''Beyond the Press Release''

Please join President and CEO, Richard Nemis as he goes ''Beyond the Press Release'' to provide shareholders with a video address that further discusses the results described within this press release. The address will be available on the Noront Resources Investor Relations Hub at www.agoracom.com/ir/Noront on Tuesday, October 30, 2007 at 5pm Eastern Time.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

This press release has been prepared by management of Noront Resources Ltd., and has been approved for dissemination by Neil Novak P.Geo., a director and recently appointed Vice President Exploration of Noront, being a Qualified Person under Canadian Securities guidelines.

Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 111,456,582 shares issued to date.

Investors are invited to visit the Noront Resources IR Hub at www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS

R. Nemis, President and Chief Executive Officer


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

[Fantomas96]

http://biz.yahoo.com/ccn/071029/200710290421742001.html?.v=1


Press Release Source: Freewest Resources Canada Inc.

Freewest Flying Detailed Airborne Geophysical Survey on its McFaulds Property, James Bay Lowlands, Ontario

Monday October 29, 10:25 am ET


MONTREAL, QUEBEC--(Marketwire - Oct. 29, 2007) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. (the "Company") (TSX VENTURE:FWR - News) is pleased to announce that a detailed airborne geophysical survey is currently being flown over its McFaulds property (the "Property"). The Property consists of 9 mineral claims comprising 22.7 square kilometres and is located 4 kilometres north-east of the Double Eagle nickel-copper-platinum group element deposit, recently discovered by Noront Resources Ltd. (TSX VENTURE:NOT - News). The subject properties are located in the Sachigo greenstone belt approximately 300 kilometres north of the town of Nakina, in the James Bay Lowlands of northern Ontario.

DOUBLE EAGLE NICKEL-COPPER-PGE DEPOSIT:

The Double Eagle discovery has returned some exceptional grades including 1.84% nickel, 1.53% copper, 1.14 g/t platinum and 3.49 g/t palladium over 36.0 metres (NOT-07-01) as well as 5.90% nickel, 3.10% copper, 2.78 g/t platinum and 9.78 g/t palladium over 68.3 metres in hole NOT-07-05. The deposit is hosted in peridotite intrusive rocks situated within the basal, lower-most portion of the southern limb of the Sachigo greenstone belt that is likely southeast-facing (oldest rocks to the north-west and youngest to the south-east). Mineralization is hosted within an ultramafic sub-volcanic intrusion that frequently occur at the base of Archean greenstone belts. It is intimately associated with a discrete magnetic anomaly (magnetic high) coincident with an electromagnetic anomaly (conductor).

FREEWEST'S MCFAULDS PROPERTY:

Based on an archived airborne geophysical survey flown in 2003 and geological evidence, Freewest's McFaulds property likely covers the north-easterly extension of the basal portion of the stratigraphic section or sub-volcanic intrusion that hosts the Double Eagle deposit. Supplementing the favourable geological setting , are a series of strong discrete magnetic highs and associated electromagnetic conductor clusters on the Freewest property that are similar to the geophysical signature of the Double Eagle deposit. These anomalies are prime targets for diamond drilling.

The following images show the coincident conductors and magnetic highs on Freewest's McFaulds property relative to the Double Eagle deposit.

An earlier drill hole completed by Spider Resources Inc. and KWG Resources Inc on the Freewest portion of the property known as the Freewest JV in 2006, returned high-grade chrome mineralization with anomalous nickel, copper and platinum-group-element mineralization within a peridotite host rock. The drill hole in combination with the airborne geophysical anomalies, confirmed that the geological setting of the Company's McFaulds property is very similar to that of the Double Eagle deposit.

Four (4) of the 9 mineral claims (10 square kilometres) comprising the McFaulds property are wholly owned by Freewest Resources Canada Inc. The remaining 5 mineral claims or 12.7 square kilometres, are currently under option to Spider Resources Inc. and KWG Resources Inc (Freewest JV property). On the latter, Spider and KWG may earn a 50% interest in them by spending C$3,000,000 on exploration over a 4-year period. They may earn a 60% interest by delivering a bankable feasibility study on any mineralization identified and a cumulative 65% by arranging project financing on behalf of Freewest to put such mineralization into commercial production.

Spider and KWG recently announced that they intend on spending C$2,000,000 on drilling select airborne and ground geophysical anomalies on the Freewest JV property in the winter of 2008 (see Spider Resources Inc. news release of October 1, 2007).

The Airborne Geophysical Survey:

The current airborne geophysical survey is being flown on flight lines spaced 100 metres apart (as opposed to the 300-metre line spacing in the 2003 survey) allowing for greater definition and resolution of anomalies. It is being completed by Aeroquest International utilizing the AeroTEM II helicopter-borne time domain electromagnetic system. It is anticipated that the preliminary results will be available to the Company in early to mid-December allowing for the completion of a diamond drilling program by Freewest in the early winter of 2008.

Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director is the Company's qualified person on the McFaulds property and is responsible for the preparation o this news release.

Freewest is a well-financed mineral exploration company exploring for gold, base-metals and uranium in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

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

Contact:
Mackenzie I. Watson
Freewest Resources Canada Inc.
President and CEO
514-878-3551 or 1-888-878-3551
514-878-4427 (FAX)
[e-mail]
www.freewest.com
--------------------------------------------------------------------------------
Source: Freewest Resources Canada Inc.



Gruß,
Fantomas

[Broker_Hans]

October 31, 2007
Macdonald Closes Strategic $10 Million Brokered Financing With Key Mining Individuals-Preparation Underway for November Drill Program
TORONTO, ONTARIO--(Marketwire - Oct. 31, 2007) - MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) -

The $10,000,000 private placement financing previously announced on October 26, 2007 has been completed.

The Company is pleased to welcome Robert McEwen - Chairman & CEO, US Gold Corporation, Pinetree Capital Ltd. headed by Chairman & CEO - Sheldon Inwentash, Pierre Lassonde - Chairman, Franco-Nevada Corporation, and Randall Oliphant - Chairman, Western Gold Fields Inc. as shareholders and strategic investors in MacDonald Mines.

The proceeds will be used to fund exploration programs on the Company's James Bay properties and for working capital purposes.

EXPLORATION PROGRAM

The land package currently held by MacDonald Mines in James Bay in whole or with Joint Venture Partners is over 600 square kilometres. This ground is largely on favourable geology which is similar to that which hosts the Noront Resources nickel discovery.

MacDonald Mines' management and exploration personnel believe very strongly in the James Bay Nickel opportunity. The Company has demonstrated this through its recent strategic land acquisition and in quickly mobilizing an exploration program which includes a 9,000 kilometer airborne survey over its newly acquired properties and a drill program of 2,000 meters.

The airborne survey is in progress, grids have been cut and ground survey and drill crews will be mobilized into the James Bay area later this week with drilling to begin shortly thereafter. We will once again utilize the First Nations Community of Webequie as our base camp for this program.

Bill Nielsen, P. Geo. and Director, will oversee the overall exploration program with field exploration managed by Randy Salo, P. Geo.

ADMINISTRATION

Joseph Heng, CA and Director offered his resignation to the Board of Directors on October 29, 2007. We would like to take this opportunity to thank him for his contribution in this capacity and would like to report that he will continue in his important role as a Financial Services Consultant.

The Board of Directors is pleased to announce that Julie Lassonde-Gray has agreed to join MacDonald Mines as a Director effective October 30, 2007. We look forward to having her join our team and contributing to the success of the Company.

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

[mike32]

NEWS - Freewest Resources Announces Second Closing of $800,000 "Flow-Through" Private Placement With MineralFields
Posted by: AGORACOM on October 31, 2007 03:05PM

MONTREAL, QUEBEC--(Oct. 31, 2007) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that it has completed the second closing of its previously-announced private placement by issuing a total 1,071,426 "flow-through" common shares to three limited partnerships associated with MineralFields Group of Toronto, Ontario at a price of $0.28 per share, for gross proceeds to Freewest of $300,000.

The sale of the 1,071,426 units represents the second and final tranche of a private placement of 3,000,500 units, for a gross proceeds to Freewest of $800,000.

Each share is accompanied by one-half of a common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share of Freewest at a price of $0.40 until October 29, 2008.

In connection with the private placement, Freewest paid a finder's fee to Limited Market Dealer Inc., consisting of 42,857 common shares and a compensation option entitling Limited Market Dealer Inc. to purchase up to 107,143 units of Freewest, representing 10 % of the number of "flow-through" common shares sold in the private placement. The compensation option is exercisable at a price of $0.28 per unit until October 29, 2008. Each unit will be comprised of one common share of Freewest and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of Freewest at a price of $0.40 until October 29, 2008.

Freewest also paid Limited Market Dealer Inc. a due diligence fee of $12,000, representing 4% of the gross proceeds raised in the second tranche of the private placement.

The common shares and warrants issued by Freewest at the second closing of the private placement are subject to a four-month hold period expiring on March 1, 2008, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.



Freewest will use the proceeds from the private placement for exploration work on its properties.

As a result of the second tranche of the private placement, there are 150,014,680 common shares of Freewest issued and outstanding.

Freewest is a well-funded mineral exploration company exploring for gold, uranium and base metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

Investors are invited to visit the Freewest Hub at www.agoracom/IR/freewest where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

About MineralFields, Pathway and First Canadian Securities ®

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities®, a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

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

For more information, please contact

Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
[phone] or 1-888-878-3551
[phone] (FAX)
Email: [e-mail]
Website: www.freewest.com

http://www.agoracom.com/ir/freewest/messages/614309#message

[Fantomas96]

Nachdem die ganzen Finanzierungsankündigungen durch sind, war heute der Tag der "Closing-Announcements", hier von UC:





http://biz.yahoo.com/ccn/071031/200710310422589001.html?.v=1


Press Release Source: UC Resources Ltd.

UC Resources Announces Closing of Expanded Private Placement

Wednesday October 31, 5:47 pm ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - UC Resources Ltd. (TSX VENTURE:UC - News; "UC" or "the Company") is pleased to announce that it has successfully raised $725,000 in regard to the financing handled privately, as announced in a news release on October 18, 2007, subject to regulatory approval.

The initial allotment was set at $500,000 ($250,000 non-flow-through units and $250,000 in flow-through units), but the Company increased the amount of the financing due to additional interest. All securities issued pursuant to this private placement have a hold period of four months. As announced in the same news release, PowerOne is undertaking a financing of $4,100,000.

The proceeds will be used to fund exploration programs on the Company's James Bay properties, exploration in Mexico and for working capital purposes. To date, there have been 10 individual VMS occurrences discovered and drill tested on the McFauld's Lake properties.

UC Resources Ltd. is a Canadian-based company exploring for base metals in the McFauld's Lake area in the James Bay Lowlands. The recent drill program was financed entirely by UC Resources Limited, in compliance with their funding obligation for the project. UC has an option to earn-in up to a 55% interest in the McFauld's Lake project, which is currently owned by Spider and KWG, as per the binding LOI signed in early March 2007. UC is the operator of the property during the term of their option. UC has expended approximately $1.0 million to complete their initial earn-in on the property (total expenditures are being tallied by management to be presented to Spider and KWG). The company is also very active in Mexico with exploration and production assets.

On behalf of the Board,

Brian Gusko, CFO

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects 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 market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.

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

Contact:
Brian Gusko
UC Resources Ltd.
CFO
[phone] or Toll Free: 1-800-366-8566 (Canada & USA)
[phone] (FAX)
Website: www.ucresources.net
--------------------------------------------------------------------------------
Source: UC Resources Ltd.



Gruß,
Fantomas

[mike32]

Re: NEWS - Freewest Resources Announces Second Closing of $800,000 "Flow-Through" Private Placement With MineralFields
Posted by: bluespruce on October 31, 2007 03:18PM
I
n response to: NEWS - Freewest Resources A... by AGORACOM
this is how a pp should be done, at market with warrants at .40. This is a classy company. Glad to be associated. Unlike bmk with there low ball pp. Obviously these new pp partners like what they see!!!!


http://www.agoracom.com/ir/freewest/messages/614691#message

[mike32]

Freewest Discovers New Uranium Corridor on its Thor Property in Northwestern Ontario
Thursday November 1, 11:11 am ET

HIGHLIGHTS:

- New uranium corridor discovered by prospecting yields assays of up to 0.302% U3O8 (6.0 lbs/ton)
- 140 bedrock samples collected from the 1500 metre-long, 400 metre-wide corridor yield an average assay of 693 parts per million U3O8 (1.4 lbs/ton)


MONTREAL, QUEBEC--(Marketwire - Nov. 1, 2007) - Freewest Resources Canada Inc. (the "Company") (TSX VENTURE:FWR - News) is pleased to announce that a new significant uranium occurrence has been discovered by prospecting on its Thor property (the "Property"). The 100%-owned Property recently acquired by staking, consists of 7 mineral claims comprising 1,036 hectares and is located 55 kilometres north of the City of Kenora, in north-western Ontario. Travel time to the Property from Kenora is 50 minutes, utilizing a network of new wood harvesting roads that access it. Subsequently, mineral exploration activities can essentially be carried out, year-round.
ADVERTISEMENT


A preliminary prospecting program completed at Thor resulted in the discovery of uranium in a large east-west-trending mineralized corridor, currently traced over a minimum strike length of 1.5 kilometres and over a width of at least 400 metres. A total of 140 bedrock samples were collected from the corridor, yielding a maximum assay of 3,021 parts per million U3O8 (6.0 lbs/ton) and a minimum assay of 4 parts per million U3O8. Of the total samples collected, 31 of them (22%) yielded assays greater than 1,000 parts per million U3O8 (2.0 lbs/ton), while 79 of the 140 samples or 58% of them, assayed greater than 500 parts per million U3O8 (1.0lbs/ton). The average assay of the total sample population collected from the mineralized corridor is 693 parts per million U3O8 (1.4 lbs/ton).(1)

An initial examination of the corridor indicates that mineralization is hosted within an east-west-trending pegmatite dike complex traced over a minimum strike length of 2500 metres and over a width of 400 metres. The complex intrudes metasedimentary rocks locally containing graphite as well as pyrite and pyrrhotite. Mineralized zones are coarse-grained to very coarse-grained, biotitic and contain prominent yellowish staining likely to be autunite and/or carnotite. Uranium mineralization is closely associated with large digested rafts or inclusions of metasedimentary rocks. Mineralization is completely open-ended along strike and as far as known, has never been tested by diamond drilling.

The mineralized corridor is associated with an extensive east-west-trending airborne radiometric anomaly generated by a survey flown in the Thor property locale, by the Geological Survey of Canada in the early 1970's. Both equivalent uranium and equivalent uranium/equivalent thorium anomalies defined on widely spaced flight lines (5 kilometres), correlate well with the location of uranium mineralization. The radiometric anomalies span a much larger area than mineralization discovered to date, suggestive of a large potential area for uranium mineralization. Follow-up prospecting is currently underway to expand the target area in preparation for planned systematic grid-work, to help define controls on uranium mineralization.

Regionally, uranium mineralization at Thor and at other occurrences in the area are closely associated with a major terrane boundary that separates rocks of the Winnipeg River greenstone belt from metasedimentary and plutonic rocks of the English River gneiss belt. Uranium mineralization is hosted both within potassically altered pegmatitic dikes as well as palingenic granitoids, derived from partial melting of metasedimentary rocks.

Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director of Freewest Resources is the Qualified Person under National Instrument 43-101 on the Thor and Lizar properties. He is also responsible for the preparation of this news release.

Freewest is a well-funded junior mineral exploration company exploring for gold, base-metals and uranium in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

(1) Sample analyses for uranium was completed using the Delayed Neutron Count (DNC) method by Activation Laboratories Ltd. located in Ancaster, Ontario.

Investors are invited to visit the Freewest Hub at www.agoracom/IR/freewest where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

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



Contact:
Mackenzie I. Watson
Freewest Resources Canada Inc.
President and CEO
[phone] or 1-888-878-3551
[phone] (FAX)
Email: [e-mail]
Website: www.freewest.com

http://biz.yahoo.com/ccn/071101/200711010422735001.html?.v=1

Gerüchte : Ausgliederung durch Spin-off

gruss mike

[Fantomas96]

http://biz.yahoo.com/ccn/071101/200711010422709001.html?.v=1


Press Release Source: KWG Resources Inc.


KWG Resources Inc.: Closing of $3 Million Private Placements

Thursday November 1, 10:01 am ET

MONTREAL, CANADA--(Marketwire - Nov. 1, 2007) - KWG Resources Inc. (TSX VENTURE:KWG - News) reports that it has completed private placements of $1,500,000 of units at $0.065 each and $1,500,000 of flow-through units at $0.08 each (Anm.: aktueller Kurs: $0,13 !). Each unit is comprised of one share and one warrant entitling its holder to purchase an additional share from treasury at $0.10 at any time within 2 years. Each flow-through unit is comprised of one flow-through share and one-half share purchase warrant with each whole warrant entitling its holder to purchase an additional share from treasury at $0.12 at any time within 2 years. Northern Securities Inc., who acted as agent, was paid a cash commission of 7% and 4,182,692 broker warrants, exercisable at $0.065 each for two years, representing 10% of the number of units and flow-through units sold. The units issuable on the exercise of the broker warrants are comprised of one share and one warrant entitling its holder to purchase an additional share from treasury at $0.10 at any time within 2 years. All securities issued pursuant to the private placements have a hold period of four months ending March 1, 2008. Proceeds will be used to fund the upcoming exploration programs of the Company and for working capital.

Shares issued and outstanding: 202,277,248

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release



Contact:
Frank C. Smeenk
KWG Resources Inc.
President and CEO
416-642-3575
514-866-6193 (FAX)

Michel Cote
KWG Resources Inc.
Director
514-866-6001. Ext. 266
514-866-6193 (FAX)
www.kwgresources.com
--------------------------------------------------------------------------------
Source: KWG Resources Inc.


Gruß,
Fantomas

[Fantomas96]

http://biz.yahoo.com/cnw/071102/temex_priv_placement.html?.v…


Press Release Source: Temex Resources Corp.

Temex announces closing of $5,000,000 non-brokered private placement

Friday November 2, 5:06 pm ET

TSX Venture Exchange: TME, Frankfurt Exchange: TQ1
TORONTO, Nov. 2 /CNW/ - Temex Resources Corp. ("the Company") announces the closing of a non-brokered private placement of units (the "Units") previously announced in the Company's news release dated October 25, 2007 (the "Offering"). The Company sold 7,142,856 Units under the Offering at a price of $0.70 (Anm.: aktueller Kurs: $0.70) per Unit, raising gross proceeds of approximately $5,000,000.
Each Unit is comprised of one common share in the capital of the Corporation (a "Common Share") and one-half of one Common Share purchase warrant, each whole warrant entitling the holder thereof to purchase one Common Share at a price of $1.00 until November 2, 2009.

The Company paid an aggregate finder's fee comprised of $90,000, 300,000 Units and 428,571 non-transferable warrants of the Corporation (the "Finder Warrants"). Each Finder Warrant entitles the holder to purchase one Common Share at a price of $0.70 until November 2, 2009.

The proceeds of the Offering will be used to continue the significant exploration underway on the Company's various mineral properties, including its extensive landholdings in the vicinity of Noront Resources' new Double Eagle Ni-Cu-PGE discovery.

The securities issued under the Offering are subject to a hold period expiring on March 3, 2008.

Temex is a Canadian exploration company, focused on advancing its gold, silver, nickel and diamond projects in northern Ontario.


On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO


This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

(x)The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release(x)


For further information

please visit the Temex website www.temexcorp.com or contact Ian Campbell or Bruce Durham at [phone]
--------------------------------------------------------------------------------
Source: Temex Resources Corp.


Gruß,
Fantomas

[mike32]

OT area HR news, new UC Pres.
Posted by: Boatboy on November 06, 2007 03:15PM

UC Resources Anounces Jim Voisin as New President
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2007) - UC Resources Ltd. (TSX VENTURE:UC) ("UC" or "the Company") is pleased to announce that Mr. James Voisin has been appointed as President and joined the board of directors, effective immediately.


Mr. Voisin, age 50, has been very active in the mining industry for the past twenty years, including previous Board of Director experience, numerous investor relations assignments, and senior executive positions. He is the very recent past President of Cadillac Ventures Inc. and presently President of First Mexican Resources Inc. Previous to the mining industry experiences he served on the Board of Directors of OK Tire, a corporation with one billion dollars in sales, based in Langley, B.C.

Through Greenstone Consulting, Mr. Voisin has provided investor relations services to Spider Resources (SPQ) and Iberian Minerals (IZN) for many years, both of which are listed on the TSX Venture Exchange. The extensive experience gained as a result of assisting in the development and re-opening process associated with the Iberian Minerals Aguas Tenidas mine in Spain, which has an estimated budget in excess of $300 million dollars, plus the international exposure, should serve Jim well with UC.

Mr. Voisin has substantial knowledge of the James Bay Lowlands and more specifically of the McFaulds Lake area where the recent Noront Resources major nickel, copper and PGM discovery has occurred. Including being familiar and on a first name basis with all the key people associated with this emerging major new exploration mining camp, he has visited on numerous occasions the Spider Resources McFaulds camp which is owned and operated by Billiken Management. In addition, he has participated in visits and meetings with the Band leaders and Council of both the Webiquie and Martin Falls First Nations communities. This has provided Jim with extensive experience and knowledge of both the geology of the area as well as the geo-political environment of working in Ontario's north lands.

During Mr. Voisin's six year working relationship with Spider Resources he has become recognized in the area and has become quite familiar with the "Lay of the Land" while assisting in the development and advancement of Spider's significant VMS discoveries on the McFaulds Lake claims under the guidance and supervision of Mr. Neil Novak. These claims were optioned to UC Resources in the spring of 2007, giving UC Resources the binding right to earn up to 55% interest in the Spider/KWG joint venture property.

In his recent capacity as President of Cadillac Ventures there has been constant communication with Mr. Richard Nemis, President of Noront Resources, the joint venture partner on their jointly held Burnt Hill tungsten/molybdenum deposit in New Brunswick. This strong mutual respect and working relationship has developed over many years of working together even prior to the present joint-venture. Experience in JV relationships will greatly assist Mr. Voisin in his duties with UC. Mr. Nemis states: "Jim is a grounded exploration enthusiast with a willingness and drive to get the job done; we welcome his leadership and expertise as this McFauld's area play continues to evolve."

Mr. Voisin is no stranger to Mexico which is a significant area of operation and interest to UC. As President of First Mexican Resources (TSX application underway) he has experienced the challenges of dealing with the Mexican culture as well as the infrastructure realities that exploration in the region can bring.

As President of Billiken Management and a Director of First Mexican Resources, Mr. Brian Newton says, "If it needs to be done, Jim will get it done in a timely and efficient manner." Mr. Voisin has a longstanding relationship with Billiken Management, which is presently providing management services to the ongoing drill program for Noront Resources in the McFaulds Lake area, managed the recently completed drill program for UC Resources/Spider/KWG in the McFaulds Lake area, and provided management services on the recent UC drill program at Copalquin, Mexico.

On behalf of the board of directors,

Brian Gusko, CFO

http://agoracom.com/ir/Noront/messages/622200#message

[Fantomas96]

http://biz.yahoo.com/cnw/071106/tsx_v_halt.html?.v=7


Market Regulation Services - Trading Halt - Baltic Resources Inc. - BLR

Tuesday November 6, 3:26 pm ET


VANCOUVER, Nov. 6 /CNW/ - The following issues have been halted by Market Regulation Services (RS):

Issuer Name: Baltic Resources Inc.
TSX-V Ticker Symbol: BLR
Time of Halt: 15:06 EST
Reason for Halt: Pending News

For further information

Market Regulation Services Inc., [phone]

[Fantomas96]

http://biz.yahoo.com/ccn/071105/200711050423557001.html?.v=1


Press Release Source: Noront Resources Ltd.


Noront Resources Ltd.: Further Deep Gold Mineralization Encountered at Depth on Windfall Lake Property

Monday November 5, 6:31 pm ET

[Fantomas96]

http://biz.yahoo.com/ccn/071106/200711060423632001.html?.v=1


Press Release Source: Noront Resources Ltd.

Noront Provides Project Update

Tuesday November 6, 9:00 am ET

DOUBLE EAGLE (Cu,Ni,PGE) PROJECT, JAMES BAY LOWLANDS, ONTARIO

[Fantomas96]

http://biz.yahoo.com/ccn/071106/200711060423674001.html?.v=1


Press Release Source: Probe Mines Limited

Probe Mines Announces Closing of $3,500,000 Non-Brokered Private Placement

Tuesday November 6, 10:30 am ET

[Fantomas96]

Und am Beispiel von Northern Shield möchte ich mal eindrucksvoll die Situation der Area Plays darstellen !

Hier ist mittlerweile bei A L L E N Area Plays soviel Phantasie mit im Spiel, schaut Euch nur die Kursentwicklungen seit Ende August an, denn die Bewertungen beruhen nur auf purer Spekulation, daß man einen ähnlichen Fund wie Noront macht.

FAKT ist: kein einziges Unternehmen konnte bisher einen zusammenhängenden Erzkörper durch mehrere positive Drillergebnisse bestätigen (s.a. Threadanfang). Ganz zu schweigen von den Gehalten, die Noront mit jedem Hit präsentiert.

NORONT IST MOMENTAN DIE EINZIGE SICHERE INVESTITION IN JAMES BAY (vor allem nach den heutigen, wieder sehr positiven Ergebnissen).


Aber nun kurz zum Beispiel NRN :

sehr schöne Kursentwicklung in den letzten Woche, die alleine von möglichen positiven Drill-Ergebnissen getrieben wurde.

Dann heute die Meldung:

http://biz.yahoo.com/cnw/071106/e_northernshield_high.html?.…


Press Release Source: Northern Shield Resources Inc.

Northern Shield Resources Intersects Critical Zone and Platinum-bearing Zone

Tuesday November 6, 10:36 am ET


Hier sind die zwei Drill-Ergebnisse:

-------------------------------------------------------------------------
Drill hole From To Inter- Pt Pd Pt+Pd Cu Ni
val (m) (ppm) (ppm) (ppm) (ppm) (ppm)
-------------------------------------------------------------------------
07HB-05 336.08 336.42 0.34 0.229 0.299 0.528 1155 553
-------------------------------------------------------------------------
07HB-01 653.74 654.83 1.09 0.124 0.02 0.144 12 158
-------------------------------------------------------------------------



Erstens reden wir hier über Tiefen von 330 m und 650 m ( ! ) und zweitens über MINI-INTERVALLE (0,34 m und 1,09 m) und drittens über noch geringere Gehalte (0,23 g/t Platin, 0,30 g/t Palladium, 0,12% Cu, 0,06% Ni).


Nur mal so zum Vergleich ein Drill-Ergebnis von Noront von heute (und das ist nur eins von bisher 12 Bohrlöchern):


BOHRLOCH: NOT-07-11

-> KÜRZESTES INTERVALL: 1,3 m (mehr als NRN) !

Cu: 4,43 % (!)
Ni: 7,37 % (!)
Pt: 1,08 g/t (!)
Pd: 18,1 g/t (!)


Und um Euch mit dem Vergleich gänzlich die Augen zu öffnen:


BOHRLOCH: NOT-07-12

-> LÄNGSTES INTERVALL: 94,5 m (!!!!, vgl. NRN)

Cu: 0,62 %
Ni: 1,38 %
Pt: 0,74 g/t
Pd: 2,63 g/t

Und ganz nebenbei werden auf diesen Längen auch noch nicht unerhebliche Mengen Gold und Silber gefunden.


Die NRN News führten dann zum Absturz (- 37,74%)!



NORTHERN SHIELD RESOURCES INC. (CDNX:NRN.V)

Last Trade: 0.66
Trade Time: 3:59PM ET
Change: 0.40 (37.74%)
Prev Close: 1.06
Open: 1.08
Bid: 0.66
Ask: 0.69
Day's Range: 0.56 - 1.13
52wk Range: 0.26 - 1.22
Volume: 2,802,915
Avg Vol (3m): 194,259




Ich glaube, dieser Vergleich zeigt mehr als deutlich die "Zweiklassen-Gesellschaft" in James Bay !
Vor allem, wenn man bedenkt, daß die heutigen Noront-Ergebnisse noch weit entfernt von den bisherigen TOP-Funden sind !


(Anm.:Hinsichtlich der Noront-Ergebnisse habe ich die letzten Wochen sehr viel recherchiert und werde meine Erkenntnisse in Kürze in meinem Hauptthread präsentieren, ist wirklich interessant).

FAZIT:

Area Plays haben (noch) NICHTS vorzuweisen in James Bay und sind reine Spekulation :

Viel Spaß bei der Lotterie !


Gruß,

[Broker_Hans]

Temex intersects gold mineralization in several holes on Juby North Property
Wednesday November 7, 7:00 am ET


TSX Venture Exchange: TME, Frankfurt Exchange: TQ1
TORONTO, Nov. 7 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") reports results from a recently completed 7-hole 1205 metre drill campaign carried out on the Juby North Gold Property located 20 kilometres west of Gowganda, Ontario. The drill program followed up on the previous program which discovered several new gold zones, and represents the initial phase of a $250,000 approved exploration program that includes geophysics and two phases of drilling. The Property comprises 5,360 acres and is subject to the terms of a 60:40 Joint Venture agreement between Temex and Goldeye Explorations Limited ("Goldeye").

Highlights
- New gold zone discovered yielding 15.0 g/t gold over 2.15 metres
- New gold zones wide open along strike and defined by a 650-metre
long untested geophysical anomaly
- 6.76 metres grading 3.31 g/t gold including 2.52 metres grading
7.46 g/t gold within the main Tyrrell Structural Zone
- Phase 2 drill program being planned

Drill hole JU 07-89 was drilled 50 metres to the west of previous drill hole JU 04-64 which targeted an induced polarization ("IP") geophysical anomaly and discovered a new gold zone. In previous drill hole JU 04-64, higher grade intercepts of 3.24 g/t gold over 2.24 metres (including 5.85 g/t gold over 1.11 metres) and 5.18 g/t over 1.71 metres were intersected within a broader auriferous zone that averaged 0.89 g/t gold over 29.85 metres. Hole JU 07-89 intersected multiple gold zones including a new gold zone which assayed 15.0 g/t gold over 2.15 metres. Further downhole, two zones of gold mineralization, representing the extension of gold zones in hole JU 04-64, were intersected. The first intersection assayed 3.41 g/t gold over 2.94 metres while the second broad zone of gold mineralization assayed 1.22 g/t gold over 10.06 metres. In addition, a fourth gold zone yielded 5.33 metres grading 2.33 g/t gold, including 1.50 metres grading 4.53 g/t gold. The gold mineralization occurs within intensely altered siltstones and feldspar porphyries within a sequence of mafic volcanic rocks and is associated with up to 10% disseminated pyrite and minor chalcopyrite. This zone is open in all directions and is associated with a 650-metre long induced polarization ("IP") chargeability anomaly with a coincident gold in soil geochemical anomaly.
Commented Ian Campbell, President and CEO, "We are very pleased with the results of this drill program, particularly the gold intersections in hole 89 which illustrates the potential for new gold discoveries. The results continue to expand the area of widespread gold mineralization in an area of the property that has received very little drilling to date, where our technical team recognized excellent potential for new discoveries. We are looking forward to the next drill program."

Among the other drill holes completed during this campaign, two holes tested the depth and strike extension of the gold mineralization intersected in previous hole JU 04-57 which intersected 4.77 g/t gold over 4.91 metres within a broader gold bearing zone which yielded 1.19 g/t gold over a core length of 29.53 metres. Hole JU 07-92 intersected 5.55 g/t gold over 4.62 metres, including 3.23 g/t gold over 9.37 metres, 30 metres vertically below the intersection in hole JU 04-57. This intersection occurred within a broader gold halo grading 1.67 g/t gold over 32.67 metres. Hole JU 07-93, drilled 50 metres to the west of JU 07-92, intersected two gold zones with the upper zone yielding 1.16 g/t gold over 21.20 metres. The lower zone yielded 3.31 g/t gold over 6.76 metres, including 7.46 g/t gold over 2.52 metres. This gold zone is on the Tyrrell Structural Zone ("TSZ") which hosts the Juby Main Zone and is 400 metres to the west of where Inmet Mining Corp. previously intersected 234 g/t gold over a core length of 1.5 metres. Further to the west along the TSZ, Goldeye has reported a number of gold intersections including 9.4 metres grading 7.24 g/t gold and 2.05 metres grading 217.52 g/t gold.

The current drill campaign was focused approximately 2 kilometres to the northwest of the Juby Main Zone, which contains a significant NI 43-101 gold resource on Temex's 100% owned Juby Lease Property (Temex NR February 16, 2005; www.sedar.com). The gold resource at the Juby Lease Property includes a total drill indicated resource of 479,000 ounces of gold grading 1.73 g/t gold at a cut-off grade of 1.0 g/t gold, including a core of 315,000 ounces of gold at 2.20 g/t gold, and a total inferred resource of 120,000 ounces of gold grading 2.03 g/t gold at a cut-off grade of 1.5 g/t gold. This resource is contained from surface to a vertical depth of 400 metres and is unexplored at depth.

Highlights of the drill results are included in the table following this news release. A map illustrating the drill highlights will be posted on the Company website at www.temexcorp.com. Ian Campbell, P.Geo., is the designated Qualified Person responsible for the preparation of this news release.

Temex is a well-funded Canadian exploration company focused on advancing its precious metal, diamond, nickel and uranium projects in Manitoba and Ontario.


On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO

<<
(x) The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release(x)



Juby North Joint Venture Drill Result Highlights

Hole From(m) To(m) Width Gold(g/t)
------------------------------------------------------------------------
JU 07-87 10.85 13.60 2.75 1.40
195.92 200.39 4.47 1.72
including 197.30 198.85 1.55 3.05
230.79 232.30 1.51 2.82
------------------------------------------------------------------------
JU 07-88 No significant values
------------------------------------------------------------------------
JU 07-89 41.97 47.30 5.33 2.33
including 42.70 44.20 1.50 4.53
133.50 135.65 2.15 15.00
including 134.33 135.27 0.94 33.74
180.35 183.29 2.94 3.41
216.25 226.31 10.06 1.22
------------------------------------------------------------------------
JU 07-90 102.70 104.00 1.30 1.24
119.60 120.90 1.30 1.10
------------------------------------------------------------------------
JU 07-91 44.35 46.00 1.65 1.16
53.00 56.00 3.00 1.03
including 54.40 54.60 0.20 7.41
------------------------------------------------------------------------
JU 07-92 87.63 120.30 32.67 1.67
including 87.63 97.00 9.37 3.23
including 87.63 92.25 4.62 5.55
including 88.40 92.25 3.85 5.77
105.00 108.00 3.00 3.37
including 107.00 108.00 1.00 8.23
------------------------------------------------------------------------
JU 07-93 57.60 78.80 21.20 1.16
including 63.00 63.60 0.60 4.11
and 76.30 78.80 2.50 2.53
97.24 104.00 6.76 3.31
including 97.24 99.76 2.52 7.46
>>


The drill core was sampled using a diamond saw to cut the core in half with one half returned to the core tray and the other half put into the sample bag. The samples were transported by Temex personnel to Swastika Laboratories in Swastika, Ontario. Gold analyses were performed using standard fire assay techniques. Quality control/quality assurance standard and blank samples were inserted into the sample stream. No appreciable discrepancies were observed in the results from these samples.


For further information

Ian Campbell, or Bruce Durham, at [phone]

[manieredevoir]

Antwort auf Beitrag Nr.: 32.318.298 von Fantomas96 am 07.11.07 00:01:12

Hallo Fantomas,

ich glaube, mit Deiner Meinung, dass die Ergebnisse von Northern Shield schlecht seien, liegst Du möglicherweise nicht ganz richtig. Vielleicht konsultierst Du mal die Powerpoint-Präsentation auf der Webseite von NRN, die sich allein mit der Interpretation der Drillergebnisse von Highbank Lake beschäftigt, die m. E. alles andere als schlecht sind. Offenbar gelten bei der Platinsuche – bedingt durch den Entstehungsprozses - andere geologische Modelle als z. B. bei Silber oder Kupfer.

NRN orientiert sich bei der Interpretation an der Struktur eines der größten Platinvorkommen der Welt, dem Bushveld-Komplex. Bestimmte Werte gehen mit größerer Tiefe im Gehalt zurück, um dann aber schlagartig an einem cross-over-level anzusteigen:

"The diagram shows PGE depletion trends (Cu/Pt+Pd) for the Bushveld Complex and the Highbank Lake Intrusion. Geologist use Cu/(Pt+Pd) as a gauge to measure depletion because Pt and Pd are scavenged much more efficiently than Cu by any sulphide droplets in the magma. Note how the upper portion of the Bushveld Complex is depleted in PGEs, i.e., it has less PGEs than the mantle from which the magma was sourced. The Merensky and UG-2 PGE- reefs occur very near this cross-over level. A very similar trend is exhibited in the data from Highbank Lake where the depletion ratio gradu-ally decreases down through the sequence and then rapidly becomes enriched at the very bottom of drill-hole 07HB-01. This suggests that much more significant PGE mineralization may be within a few tens of meters from the bottom of this drill-hole" (Folie 3).

"The overall PGE values also give an indication of the proximity to the main PGE reefs. PGE concentrations in the Main Zone of the Bushveld (grey area) are typically around 10-30 ppb and rarely exceed 100 ppb until the Critical Zone is reached just above the Merensky reef. The Highbank data shows PGE values over 30 ppb becoming much more common in the lower portion of drill-hole 07HB-01 and values greater than 100 ppb are only seen in 07HB-01 and 05" (Folie 5).

Und genau an diesen Stellen soll auch weitergebohrt werden.

"Chrome/vanadium ratios are useful in determining how primitive the rock layers are. Generally, Cr becomes more abundant lower in the stratigraphy (more ultramafic) while V decreases. Cr/V ratios are also useful in highlighting stratigraphic levels at which magma replenishment has occurred. Bushveld Cr/V ratios are relatively constant, near 1 for much of the Main Zone but start to rise rapidly a few hundred meters above the Critical Zone. The data from Highbank Lake shows a similar trend with Cr/V ratios of 1 or less for much of the Main Zone that increases noticeably at the bottom of the Main Zone, as exhibited in drill-hole 07HB-01. The last three samples taken from the bottom of this drill hole be-fore it ended in a silicified fault zone display the most primitive Cr/V ratios (8-9) seen in drill core from Highbank Lake so far" (Folie 6).

Und als Fazit (Folie 7): "The geochemical trends and the rock types identified in the drill core to date suggest that the bottom of drill-hole 07HB-01 is teasingly close to the stratigraphic level where the main PGE-bearing reef should be located. Hole 07HB-05 was drilled in an attempt to intersect the stratigraphy below 07HB-01. However, the geochemical trends show that this hole is not a direct continuation of 07HB-01 (see Cr/V) and the stratigraphy may also be overturned (see Cu/Pt+Pd). Displacement along a fault located between 07HB-01 and 05 is likely the cause of this disruption in the stratigraphic sequence. Future drilling will focus along strike from 07HB-01 and 05 where the stratigraphic sequence intersected at the bottom of 07HB-01 and those directly below come to surface and are not disrupted by the fault."

Interessant – "teasingly close to the stratigraphic level where the main PGE-bearing reef should be located" – bislang scheint es also eine Übereinstimmung mit der Struktur des Bushveld-Komplexes zu geben, insofern sind die Ergebnisse auch gut, aber endgültig werden wir's erst nach den nächsten Bohrungen durch das cross-over-level wissen. Es darf spekuliert werden. Und ein big player wie Impala investiert immerhin einiges in das Projekt über die Earn-In-Option……

Im Rahmen von McFaulds Lake ist NRN einfach eine andere Baustelle, was nicht ausschliesst, dass sie auf Grund ihres riesigen Bereiches nicht auch was anderes als Platin finden könnten, wenn sie danach suchen würden.

Kann leider nicht viel posten – keine Zeit – aber eine Hinweis war's mir wert. Ich werde NRN jedenfalls im Auge behalten.

Gruss

mdv

PS: Änliches gilt auch für UC Resources. Sie sind für mich kein gepushter Wert, sondern lagen vor längerer Zeit allein aufgrund ihrer Mexiko-Projeke über dem heutigen Kurs (1500 gkm – kilometer! – macht UC zu einem der größten player in traditionellem Silberanbaugebiet, die müssen nur mal anständig bohren). McFaulds Lake ist nur dazugekommen und stellte für mich so eine Art Sahnetupfer oben drauf dar. Dass mehr dahinter sein könnte, habe ich natürlich inzwischen festgestellt. Und mit ihrer Earn-In-Option auf 55% bei Spider-KWG gehören sie da schon zu den Schwergewichten. Immerhin von Kaiser bottomfish als am stärksten unterbewertet angsehen – zumal einige Bohrergebnisse vorliegen, was man bei MacDonald und anderen nicht so sagen kann. Die Verschiebung der Finanzberichterstattung hängt auch mit dem Austausch des CEO zusammen und teils mit der Langsamkeit der Wirtschaftsprüfer. Keine große Sache m. E. Mit J. Voisin dürfte sich einiges ändern....

[Fantomas96]

Antwort auf Beitrag Nr.: 32.328.966 von manieredevoir am 07.11.07 18:05:10

Hallo manieredevoir,

danke für Deine Anmerkungen.

Da das hier ein Faktenthread ist, möchte ich nur kurz Stellung nehmen:


Hallo Fantomas,

ich glaube, mit Deiner Meinung, dass die Ergebnisse von Northern Shield schlecht seien, liegst Du möglicherweise nicht ganz richtig.


Da möchte ich Dir aber energisch widersprechen, die Ergebnisse sind schlecht (selbst NRN schreibt "not economical to mine")!
Und nur, weil NRN mehr vermutet (mit Refenrenz zu Bushveld), müssen sie diese Vermutung durch Drill-Ergebnisse erst bestätigen.
Solange ist für mich der Wert "überbewertet" gewesen, was anscheinend der Markt auch so gesehen hat.
Ob die MarketCap jetzt gerechtfertigt ist, muß jeder selbst entscheiden.



Zu UC:

PS: Änliches gilt auch für UC Resources. Sie sind für mich kein gepushter Wert, sondern lagen vor längerer Zeit allein aufgrund ihrer Mexiko-Projeke über dem heutigen Kurs (1500 gkm – kilometer! – macht UC zu einem der größten player in traditionellem Silberanbaugebiet, die müssen nur mal anständig bohren).


1. Ich halte UC schon über 1 Jahr (wegen Silber) und habe seit James Bay-JV noch nachgekauft.

2. Ich habe nicht geschrieben das UC gepusht ist, ich habe lediglich gesagt, das bei allen Area Plays mittlerweile sehr viel Phantasie mit im Spiel ist, weil keiner (für die aktuelle MarketCap) bisher brauchbare Drill-Ergebnisse als Bestätigung vorweisen kann.

3. Du sagst: "Die müssen mal anständig bohren".
Genau hier liegt mein Hauptärgernis mit UC: Sehr unzuverlässiges Management mit völlig falschen Prioritäten und schlechter Organisation (im Gegensatz zu Noront)!
Mal ein paar Beispiele aus der letzten Zeit:
Immer wieder Entschuldigungen für Drill-Unterbrechungen (Equipment-Probleme, Logistik-Probleme, wollten Transportflugzeug für Drills kaufen (nicht passiert), Aquisitionen intransparent, Drill-Ergebnisse intransparent und der Hammer: verspätetes Filing der Ergebnisse und daher Trading Stop durch TSX-Venture gestern.
Aber der Ober-Hammer: genau das ist letztes Jahr auch schon passiert !
Das ist Unprofessionalismus pur, ich bin als Anleger mehr als beunruhigt.
Dafür gibt es auch keine Entschuldigung und das kann man auch nicht schönreden ! KATASTROPHE !

Die Properties in Mexiko und das James Bay-JV sind sehr gut, aber was nützt das mit einem miserablen Management !

Damit sind wir wieder bei einem Investitionsgrundsatz:

sucht günstige Firmen mit gutem, vertrauenswürdigem Management, die gute Liegenschaften und einen guten "balance sheet" haben (Value Ansatz) !

Gruß,
Fantomas

[Fantomas96]

http://biz.yahoo.com/cnw/071107/e_northshield_jamesba.html?.…


Northern Shield Resources Identifies and Stakes Vast Layered Intrusion Target in James Bay Lowlands

Wednesday November 7, 12:29 pm ET


Gruß,
Fantomas

[Fantomas96]

http://biz.yahoo.com/ccn/071107/200711070424137001.html?.v=2


CORRECTION FROM SOURCE: Noront Renegotiates Property Interests in Mexico

Wednesday November 7, 5:14 pm ET


Gruß,
Fantomas

[Fantomas96]

http://biz.yahoo.com/ccn/071109/200711090424554001.html?.v=1


Fancamp Exploration Ltd. Announces Implementation of Shareholders Rights Plan

Friday November 9, 8:00 am ET


Gruß,
Fantomas

[Fantomas96]

Und ein bißchen was für die geologisch (englisch sprechenden) Interessierten:


http://www.northernminer.com/ETD/2007/pdfs/Airbornesurvey.pd…


AIRBORNE GEOPHYSICAL SURVEYING

(kurz: wie finde ich schneller und besser Bodenschätze)


Gruß,
Fantomas

[Fantomas96]

Und noch mehr für das Allgemeinwissen bzgl. Minengesellschaften (jsq-copyright) :


http://www.agoracom.com/ir/Noront/messages/608318


in situ value, why noront is worth more then most think, #1 of 5

Posted by: jsq on October 26, 2007 11:22AM


hello friends,

this is to help some of our friends understand why noront's share price has been going up and still has more room to grow imo, much more room to grow possibly, as you will see in parts #2 - #5 of this dialog.

when reading mining info you often see the term in situ, it is latin and means "in place"

from the posts i read and even the press comments, many still do not fully realize what noronts press releases mean. i have been investing in the market for over 30 years, much of it specializing in mining firms. so here is my take, which may assist some of our friends.

several key factors go into valuing a mine. a typical rule of thumb is that the in situ value of the minerals in the ground is worth 10% in terms of shareholder market cap. this is based on historical experience in the mining community of what it costs to get it out of the ground and converted to shareholder wealth.

noront is much different from a "typical" valuation model and we will discuss why.

lets look at 5 key factors:


1. grade of ore
2. type of ore
3. quantity of ore (or tonage)
4. where the ore is located geographically
5. where the ore is located on the site


1. grade of ore, noront has exceptional grade at the double eagle so far. i cannot emphasize enough how major this is. nice distances of over $700 a ton ore value, nice distances of over $1,000 a ton ore value and etc and also much higher $ per ton for nice distances. this is extremely valuable information which the drill results have shared with us.

many profitable mines process ore that is worth only $50 to $200 a ton. in other words most mines have to move a lot of dirt. this of course costs a lot of money in the form of trucks, humans, mill capacity, energy, infrastructure, cost of capital, etc.

are you aware that there is gold in your backyard?
are you aware that there is millions and millions of ounces of gold in seawater?

just because you know where it is does not mean it is valuable. the amount of gold in your backyard is miniscule in most cases. it will cost a lot more to retrieve the microscopic amounts then you can sell it for after you retrieve it. the same with gold in sea water, many millions of ounces in miniscule amounts. it costs more to retrieve then you get for the found metal. that is why nobody digs up your back yard. it is not worth the effort.

well that same analogy goes for most mine sites, their costs are to high to retrieve the metal so they close down after a short while, or never open to begin with. as mentioned before, most mines dig out only $50 - $200 worth of metal per ton of ore. coal mines can make a great business by digging coal out of the ground which they sell for $40 a ton. if it costs them only $30 a ton, which is what some of the better coal mines experience, they get rich with enough volume. what makes the $1000 a ton ore, (this is what noront has so far found some quantity of) so much more valuable is the economies of scale it allows for.

think about the following:


mine A = typical,

a profitable mine firm A:
$100 a ton realized ore value
the cost to move 1 ton is the result of the mines geology, and cost of capital, and humans needed to move the dirt, etc. if you are firm B (hopefully noront) with lots of $1,000 realized ore value and your costs are the same to move a ton dirt and all other things being equal, noront makes much larger profits and profits per ton because they do not have to move anywhere near as many tons to get back their capital expenditures.

this is extremely important to understand. we have all seen the cost of buying a house with a mortgage example. if you buy a house for $100,000 and you make payments over the life of a 30 year mortgage you pay about $300,000 for that house!. $100,000 for the principle and $200,000 for the interest. the bank makes twice as much as the guy who built the house who had to buy lumber, labor, land, etc.!

that should help you understand the time value of money and how it massively impacts a mines value.

if you have a mill set up that can process 1,000 tons of ore a day and you are using feedstock that generates $100 output value how much profit can you make, obviously less then $100 for each ton after the cost of moving the ore from the ground thru the mill. there are some very specific limits to what your mill size will be. your engineering team will have to optimize the mill size to the size of the ore body, its mine life, grade, etc.

the more profit we can realize per ton, and at $1,000 a ton, that profit is exceptional on noront ore, the quicker we pay the banksters back and get them off our back. in many mines the interest on the loans is one of, if not, the single largest expense over the life of the mine. so it is imperative to get out of debt quickly.

look at a simplified example.

two mines, both with identical total costs to extract ore and process, not including interest expense, which is $50 per ton.

mine A: ore sells for $100 a ton
mine B: (noront we hope) sells ore for $1,000 a ton.

mine A:
1,000 tons a day x $100 per ton = $100,000 revenue minus
$50 cost per ton, or $50,000 cost leaving $50,000 to pay for principle and interest.

mine B: (hopefully noront):
1,000 tons a day x $1,000 per ton = $1,000,000 revenue minus
$50 cost per ton, or $50,000 cost leaving $950,000 to pay for principle and interest.

now you see the massive leverage a high grade mine can generate. you now understand how much quicker mine B can pay off its banksters.

remember, for many mines interest expense is one of the single largest expenses over the life of a mine!

this is a rough and dirty example to give you "perspective".

i am out of time but will try to get #2 thru #5 posted in the next few days. the info from #2 - #5 will continue to open many eyes, there are a few surprises. when you are done with all 5 i think you will see noront in a different light. i think you will see some of what i see, and what some major investors see, (that is why the share price has continued upward without news).

be right and sit tight,

regards,

jsq

[Fantomas96]

Teil 2 & 3 von 5 (copyright jsq) :


http://www.agoracom.com/ir/Noront/messages/626399#message



in situ value, why noront is worth more then most think, #2 and #3 of 5

Posted by: jsq on November 08, 2007 09:35PM


hello friends,

last week we covered why a typical rule of thumb is that the in situ value of the minerals in the ground is worth 10% in terms of shareholder market cap. this is based on historical experience in the mining community of what it costs to get it out of the ground and converted to shareholder wealth.

in my view noront IS MUCH DIFFERENT from a "typical" valuation model. and as such obviously worth more than the 10% often accorded average mining firms. this was noted and explained in #1 covering grade of ore, we will continue to discuss why in:

2. type of ore
3. quantity of ore (or tonnage)

(if you have not already had a chance to read #1 "grade of ore" you can still do so by clicking on the photo of errol, above left, that will take you to my list of prior posts, go down to october 26, click and read. it has 45 thumbs up so far, so some readers have found it informative.)

a further note, after you have read #1 of 5, to further validate in your mind that most mines are nothing more then a financing activity for the benefit of the banking industry ie "typical mines" go look at how many 10 and 20 year old mines are still encumbered with debt. most mines are nothing but sheep, kept alive to be sheared. in the mining industry, sheared by the banks. that is why grade of ore, and the other factors we discuss are so useful to understand what sets noront apart IF IT CAN CONTINUE TO FIND ORE LIKE THEY HAVE SO FAR.

#2 type of ore

there are two major types of ore encountered when nickel is located, sulphide (think voisey's bay and norilsk finds) and laterite (think goro in new caledonia or ravensthorpe in western australia). both sulphide and laterite have various subcategories.

noront has found sulphide ore. sulphide ore is well understood when it comes to refining. when compared to laterite ores sulphide ore is much cheaper to extract. that is important. first find the ore, then hope you found the easiest to extract type of ore. noront has found the easier of the two, BY FAR, THE EASIER OF THE TWO.

laterite (about 70% of the nickel found is laterite) is a pain to extract financially because it requires a lot of energy (yes, i am aware they are still trying to do high pressure acid leaching, time will tell if this is cost effective. the 1990's trials resulted in prematuture equipment failures so cheap laterite extraction is still a ways away, if ever.) , some firms walk away from nickel concentrations in laterite which if it had been magmatic sulphide, they would have built a mine.

noront has the cheaper of the two major types of nickel ore to extract. thats all you need to know about "type of ore"

#3 quantity of ore (tonnage)

this ties closely to post #1 grade of ore. in simple terms, you need a certain quantity or tonnage of ore in order to build a mine. HERE IS A KEY FACT, it does not matter if it is all your ore OR YOUR NEIGHBORS. if the ore is in the neighborhood a mine will be built and you will realize the value of your firms ore. obviously it is better if you have only one stock in an area play to have all of the ore located on your land. however, if noront or a neighbor finds more ore it adds geometric value to the entire area play IN THE EARLY STAGES as it validates the idea that the area is a mining district. my personal belief is based on the fact that most nickel finds are located in several distinct areas, not usually in 1 well defined pod if you will, but many distinct pods. noront may have many distinct pods if we are lucky. only the drilling will tell for sure.

anyone (including noront) in the area finding another high grade pod will greatly increase the value of noronts double eagle find. THIS IS CRITICAL TO UNDERSTAND. this will really give noront and the other firms a chance to realize FULL VALUE of their potential before they are picked off by a takeover in the early stages of discovery, before the full value is realized. that to me is the greatest risk right now, being picked off to early.

does noront have the tonnage now at double eagle to build a mine today. not quite, but they are close in my view. all it will take is an extension of double eagle or the discovery of one other high grade pod in the area, by noront or a neighbor, and i think it will be a done deal. that is my opinion. what are the chances of more ore found in the area? i know which way i am betting.

4. where the ore is located geographically
5. where the ore is located on the site

will follow in a week or so.

don't believe what i or anyone writes, do your own due dilegence, verify your facts to see what i and many others think we see.

be right and sit tight.

regards,

jsq

[mike32]

Fully Diluted Numbers for the "BIG 9"


Here are my final tallies extrapolated off of SEDAR of whom I consider the 9 biggest area players. There may be others but I have neither the time nor the interest to do them at this point. Take these numbers for what you want. This is just information for all to use to base decisions on. Multiply these numbers by the current prices to get an idea of fully diluted market caps.

In descending order:

Spider Resources: 369,665,589

KWG Resources: 357,505,618

Freewest Resources: 193,436,966

MacDonald Mines: 171,705,904

Noront Resources: 124,024,482

UC Resources: 121,123,294

Temex Resources: 83,056,428

Probe Mines: 34,815,473

Fancamp Exploration: 29,085,981

Enjoy!


http://agoracom.com/ir/Noront/messages/628603#message

[Broker_Hans]

MacDonald Mines Commences Diamond Drilling of McNugget Nickel Property; Senior Management Team Presents to First Nations Community of Webequie
McNugget Property Update

TORONTO, ONTARIO--(Marketwire - Nov. 13, 2007) - MacDonald Mines (TSX VENTURE:BMK) is pleased to announce the commencement of a diamond drill program on its McNugget Nickel-VMS property in the James Bay Lowlands of Northern Ontario.

The McNuggett Property consists of 74 claim blocks, covering an area of approximately 13,000 hectares. It is located in the Webequie Region, which is approximately 300 kilometers west of James Bay.

The current drill program will consist of 10-15 holes totaling approximately 2,000 meters and will focus initially on at least 7 of the identified targets on the McNugget property (visit http://www.macdonaldmines.com for additional details).

Previous airborne surveys by other parties on the newly acquired MacDonald/Temex ground, in the vicinity of the Noront nickel discovery area, displays similar signatures to the newly found Noront nickel deposit. Ground geophysical work and subsequent diamond drilling is scheduled to take place in this area prior to Christmas.

Drilling is being conducted by Cartwright Drilling, who has carried out all previous drilling for the Company in the James Bay Lowlands. Bill Nielsen, P. Geo., Director, is overseeing the overall exploration program on behalf of MacDonald Mines and its joint venture partners, Temex Resources Corp. and Baltic Resources Inc.

Field exploration is being managed by Randy Salo, P. Geo. in consultation with Bruce Durham, P. Geo. of Temex Resources Corp. and Hadyn Butler, P. Geo., a Director of the Company.

Previous MacDonald 2007 Exploration Results Including Intersection of Nickel Mineralization

Nickel sulphide discoveries on the McNugget Property (see press release of June 14, 2007) include Hole MN-07-39, which intersected 4.5m grading 0.36%Ni and a further 22.5 meters down the hole an intersection of 27.0 meters averaging 0.26%Ni.); and Hole MN-07-40, which intersected at 3.0 meters averaging 0.17%Ni and 0.23%Cu.

MacDonald Mines Senior Management Team Holds Town Hall Meeting with First Nations Community of Webequie

With over 300 band members in attendance, the Senior Management Team conducted an extensive communications briefing followed by a question and answer session with the First Nations Community of Webequie on November 8, 2007.

MacDonald Mines and the First Nations Community continue to have a uniquely positive business partnership that is underpinned by the Company's business philosophy - Respect for the Community, Investment in the Community and Environmental Responsibility.

The Company continues to operate its base camp out of Webequie, which is a 15 minute flight from the McNugget Property. This is now the seventh program the Company has conducted using the community of Webequie as a base camp. The Community provides both infrastructure and personnel to support the exploration programs. Once again, we would like to take this opportunity to thank Chief Scott Jacob and the Band Community for their continued support and assistance.

Administration

The Board of Directors of the Company granted 550,000 stock options on November 13, 2007 to directors, officers and consultants of the Company under the terms of the incentive stock option plan of the Company filed with the TSX Venture Exchange and approved by shareholders at the last annual general meeting of shareholders of the Company held on June 12, 2007. The options are exercisable at a price of $0.92 per share for a period of four years and are subject to a four month hold period from the date of the issuance thereof.

Bill Nielsen, P.Geo., Director, is the designated qualified person for the technical information contained in this press release.

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.


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

[HeinzBork]

Freewest Updates Exploration Activities on its McFaulds Property, Northern Ontario

Posted by: AGORACOM on November 15, 2007 11:53AM

Montreal, Quebec, Canada, November 15, 2007 – Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. (FWR:TSX-V) (the “Company”) is pleased to provide an exploration update on the Company’s McFaulds property (the “Property”). The Property consists of 9 mineral claims comprising 22.7 square kilometers and is located 3.8 kilometres north-east of the Double Eagle nickel-copper-platinum group element (PGE) deposit, recently discovered by Noront Resources Ltd. (NOT:TSX-V). The subject properties are located in the Sachigo greenstone belt approximately 300 kilometres north of the town of Nakina, in the James Bay Lowlands of northern Ontario.

DOUBLE EAGLE NICKEL-COPPER-PGE DEPOSIT

The Double Eagle deposit has yielded some exceptional grades including 1.84% nickel, 1.53% copper, 1.14 g/t platinum and 3.49 g/t palladium over 36.0 metres (NOT-07-01) as well as 5.09% nickel, 3.10% copper, 2.78 g/t platinum and 9.78 g/t palladium over 68.3 metres in hole NOT-07-05. The deposit occurs in komatiitic rocks described as peridotites, within the basal lower-most portion of the volcanic pile comprising the southern limb of the Sachigo greenstone belt. It is intimately associated with a discrete magnetic anomaly (magnetic high) and a coincident electromagnetic anomaly (conductor).

FREEWEST’S MCFAULDS PROPERTY

Based on an archived airborne geophysical survey flown in 2003 and geological evidence, Freewest’s McFaulds property likely covers the north-easterly extension of the same belt of komatiitic rocks that hosts the Double Eagle deposit. Additionally, the komatiites on Freewest’s property are associated with a series of magnetic highs and electromagnetic conductor clusters that are similar to the geophysical signature of the Double Eagle deposit. These anomalies are of immediate exploration interest and are prime targets for diamond drilling.

Four (4) of the 9 mineral claims (10 square kilometers) comprising the McFaulds property are wholly owned by Freewest Resources Canada Inc. The remaining 5 mineral claims or 12.7 square kilometres are currently under option to Spider Resources Inc. and KWG Resources Inc (Freewest JV). On the latter, Spider and KWG may earn a 50% interest in them by spending $3,000,000 on exploration over a 4-year period. They may earn a 60% interest by delivering a bankable feasibility study on any mineralization identified and a cumulative 65% by arranging project financing for Freewest to put such mineralization into commercial production. Spider and KWG recently announced that they intend on spending $2,000,000 on drilling select airborne and ground geophysical anomalies on the Freewest JV in the winter of 2008 (see Spider Resources Inc. news release dated October 1, 2007).

The following image shows the disposition of the 100%-owned claims and the claims that are currently under option to Spider Resources Inc. and KWG Resources Inc. (Freewest JV).

CURRENT FREEWEST EXPLORATION PROGRAM

A detailed airborne geophysical survey is currently being flown for the Company over its entirety, at 100 metre line centres. The detailed survey will yield greater definition and resolution of anomalies than those defined by the earlier survey flown at 300-metre line spacing in 2003. It is being completed by Aeroquest International using the AeroTEM II helicopter-borne time domain system and it is anticipated that preliminary results will be available to the Company in early December.

In anticipation of receiving the detailed airborne geophysical results, the Company has commenced a property-wide line cutting program, to facilitate the completion of ground geophysical surveys. These will include horizontal-loop electromagnetic (HLEM),magnetic and possibly gravity surveys. The intent of the ground surveys is to further refine the location, tenor and nature of the airborne geophysical anomalies in preparation for diamond drilling. The ground geophysical survey will commence immediately following the completion of the line cutting.

The Company is also sampling 2 critical drill holes that were completed earlier on the Property. Both of the drill holes intersected thick sections of komatiitic rocks (up to 180 metres) that were only sampled locally. One of the holes FW-06-03, completed on the Freewest JV portion of the Property, intersected high-grade chrome mineralization with anomalous nickel, copper and platinum-group-element mineralization within peridotite. Petrographic and geochemical analyses of the drill core will yield additional information on the nickel-copper-PGE mineralizing system in preparation for diamond drilling.

Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director of Freewest Resources Canada Inc. is the Qualified Person on the McFaulds project and is responsible for the preparation of this news release.

Freewest is a well-financed mineral exploration company exploring for gold, base-metals and uranium in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest’s shares are listed on the TSX Venture Exchange under the symbol FWR.

Investors are invited to visit the Freewest Hub at www.agoracom/IR/freewest where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

For further information please contact:

Mackenzie I. Watson
President and CEO
Tel: [phone] or 1-888-878-3551
Fax: [phone]
E-mail: [e-mail]
Website: www.freewest.com

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

[Fantomas96]

Interessante geophysikalische Analyse (allgemein und James Bay):



http://www.agoracom.com/ir/Noront/messages/635238#message


Geophysics...
Posted by: Bentonstocks on November 17, 2007 06:22PM

Just to add my two cents to confirm and/or expand on what others have said recently on this topic, and to reiterate what I have said in the past on the matter, geophysics alone do not tell you where mineralization (deposits) are. Rather, they are a starting point, or an indicator of where to start looking, used in conjunction with historical geological data/maps/reports, and aerial photos and/or landsat imagery. Some or all of the above will be used depending on what is available, and the geological environment or setting.

Airborne geophysics conducted with fixed wing aircraft are usually the first type of geophysical survey conducted on 'new' ground - it is much cheaper and more efficient to cover large of areas of ground with an airplane than it is with a helicopter. This process records and maps the natural magnetic signature of the rocks and surface immediately below the aircraft. I say "surface" because and airborne geophysics data will pick up structures on surface such as power lines, metal structures, etc., depending on the line spacing, how low the aircraft is flying, and the' filters' employed to weed out the noise in the data being collected. There are many variables/factors that affect the final product, i.e., the geophysical maps that are generated based on how the data is eventually interpreted by computer programs. There are also many things that can contaminate or disturb the data being collected, including problems or equipment failures on the aircraft itself. The recording equipment onboard the aircraft is calibrated to tune-out the natural frequencies/'noise' emitted by the aircraft while it is operating. The moment something changes on the aircraft (e.g. a fuel pump failure) that tuning will be rendered ineffective and the data corrupted.

The final product, the geophysical maps, reveal rock structure that would not otherwise be apparent from other sources, or just by a pair of trained eyes walking on surface. In addition, the magnetic signature that is detected and recorded by the equipment will include that which is emitted by rock below surface to limited depth dependant on some of the variables mentioned above. Since different types of rock have different degrees of magnetism, or lack thereof, the geophysical data will produce maps that reveal rock structure simply by generating maps that are records of their magnetic signatures. The different colours on the maps only represent degrees of magnetism - nothing more, and those colours are chosen by the data processors through manipulation or programming of the software used to process the data. Anyone looking at the nice colours on the available maps and trying to figure out for themselves where the next 'eagle' is... well... misguided. If it were that easy, we would require neither the geophysicists nor the geologists.

Anyway, these maps are then interpreted based on the known geological setting (regional geology, rock provinces/types, known mineralization occurrences if any, etc.) to pinpoint areas where mineralization may have occurred. Mineralization is usually manifested in, or associated with, anomalous rock structure. Since magnetic anomalies are in fact rock structure anomalies, they are a good place to look, or start from, if the geological setting is such that mineralization is thought to have possibly or likely occurred in that setting.

Once areas of interest are determined, the next step is usually to conduct some field work to take surface samples, and map the surface geology/topography, after putting in a line grid. Bear in mind that this is just very sort of brief sort of overview of the process....

Because the McFauld's Lake area is largely lowlands with very little, if any, visible rock structure on surface, this requires a greater reliance on various forms of geophysics to pinpoint potential areas of mineralization. Diamond drill holes are very expensive (one hole can cost hundreds of thousands of dollars depending on depth), and are a very precise or 'narrow' method of testing for mineralization - you do not normally just start drilling holes without having spent considerable time analyzing various types of exploration data (geophysics, surface sampling, mapping, etc.) to determine where to position a hole if you think the area warrants drill-testing. This is why other companies in the area have not just up and started drilling as some people on this forum have asked. The hardest part of the exploration process is determining where to position/drill the holes. In fact, the purpose of all the exploration work is to enable the geologists to make their best educated guesses as to where to position drill holes, or even make a determination as to whether they should even drill test the area of interest - it all leads to that.

So, because of the environment (wet lowlands with virtually no visible rock on surface) in the Ring of Fire, the companies are having to rely more on geophysical data - they are almost going at it blindly because they can glean very little, if anything, about structure from what they see at surface. This is why other more specific/profound/detailed types of geophysics are being employed in the analytical process. These include the ground geophysics, down-hole geophysics, EM geophysics, and the AeroTEMII being flown by helicopter. This is also why NOT have been drilling many holes over a limited strike length. Without the benefit of other geophysical data (currently being collected and processed) to help them decipher the geometry, they would have had to have taken ‘baby steps’ as they step-out from the original discovery hole since they would have had very little understanding, virtually none in fact, of what is below the surface. This is also why they would have holes at different angles from the same set-up (position).

From the comment/questions I have seen on this board, it is clear to me that very few of you appreciate or understand how difficult it is to position drill holes and understand what is going on many meters below the surface. As an analogy imagine two rooms separated by a wall. In one room is the drill, and in the other room is the deposit which in this case will be a glass coffee table with 3 legs. Now, to find the deposit, you have to drill through the wall, which you cannot see through and try and hit the coffee table, while not even knowing that what is on the other side is a coffee table, where or how it is positioned (on its side, or upside down, or balanced on one leg) in the room, or if it even exists - all your wall penetrating 'radar' (the geophysics) has told you is that there is something in that room that might be of interest. If you are able to actually hit any part of the coffee table with your drill, you pull your drill tube back through the wall and then examine the bits to and hopefully figure out that you have hit a coffee table, and try to piece together where you have intercepted it, and at what angle, so that you can try to determine where to drill your next hole based only on an analysis bits of glass or metal that you think might me a coffee table. Sound hard? Well that because it is...

At any rate, what is both interesting and significant about NOT's discovery is the fact that the airborne MAG high and associated EM (conductive) anomaly have been shown to be VMS and PGM mineralization, in this particular case. In other words, a particular magnetic high (MAG) anomaly, with an associated electrical conductive anomaly (metals are conductors of electricity) has been shown, through drill-testing, to be mineralization with the right kinds of metals. Until the drill bit proved this, this particular MAG/EM anomaly, our beloved Eagle 1, was only just a structural anomaly with anomalous amount of conductivity, and many things could have been the 'cause', including a graphite structure, which is why these anomalies were ignored in the past - the geological setting did not make it likely that a MAG high and associated EM anomaly would be VMS or even PGM mineralization. Now that NOT has proved otherwise with their discovery, ‘the exploration clock has been reset to zero', so to speak, and all of the anomalies are being revisited, and more precise geophysics are being conducted.

Now, because NOT's Eagle 1 has proven to be a VMS/PGM discovery, it does not mean that all other similar anomalies are going to be the same thing. In fact, it is far more likely that other things will be found to be the cause of such anomalies. Remember, that these MAG anomalies are just indicators of rock structure, and the conductivity could be caused by many things. Referring back to our coffee table analogy, if our wall-penetrating radar (our geophysics) has detected something, an anomaly, which is actually a couch, or a desk, but we have no idea what it is, just that something is somewhere in the room, and if it is only glass coffee tables that are of interest or value to us, only drilling will determine if those anomalies are other glass coffee tables (deposits) waiting to be discovered, once we actually find (hit) them with the drill bit..

What is interesting about FNC is that the anomaly on their claim adjoining NOT's discovery claim is most likely, but not certainly, part of the same anomaly, and therefore the same body of VMS/PGM mineralization - the anomalies and/or mineralization do not stop at the borders of claims. If the FNC anomaly was anywhere else on their property, and therefore removed or separate from NOT’s Eagle 1 discovery, it would have no better odds of being mineralization than any of the other associated MAG/EM anomalies of interest in the Ring of Fire. It is silly for anyone to think that just because it is on FNC's ground, that it could not be part of the same discovery. The association has been established on NOT's claim, and if the anomaly continues, 'unbroken' onto another company's ground, it is logical to conclude that it is the same thing, rather than something different. However, there is nothing in the known data that could quantify who has how much. Again, the only reasonable conclusion is that there is - probably - some of Eagle 1 on FNC's ground, and only drill-testing will eventually prove how much, if any, of Eagle 1 is on FNC' ground. It also true that at this juncture, no other company, other than NOT, has higher odds of having mineralization of significance on any of their claims than does FNC, and this only because of proximity.

Regards,

B.


Gruß,
Fantomas

[Fantomas96]

Und ein neuer Area Player:

GOLDEYE EXPLORATIONS (GGY.V)


http://biz.yahoo.com/ccn/071120/200711200426780001.html?.v=1


Goldeye Acquires Claims in the McFaulds Lake Area, Northeastern Ontario

Tuesday November 20, 10:01 am ET


Gruß,
Fantomas

[mike32]

Hawk Uranium Inc. Announces Option Agreement With Noront
Wednesday November 21, 9:18 am ET



TORONTO, ONTARIO--(Marketwire - Nov. 21, 2007) - Hawk Uranium Inc. (TSX VENTURE:HUI - News; "Hawk") is pleased to announce that it has entered into an option agreement with Noront Resources Ltd. ("Noront") pursuant to which Hawk has the option to acquire a 50% legal and beneficial interest in a property. The property includes 10 Claims (covering a total of 160 claim units, or approximately 6340 acres) in the "Ring of Fire" of the McFaulds Lake area, James Bay Lowlands, Ontario near Noront's nickel copper discovery.
ADVERTISEMENT


To earn its interest in the property, Hawk is required to:

1. Issue 400,000 common shares of Hawk to Noront immediately following approval of the option agreement by the TSX Venture Exchange;

2. Complete an aggregate of $3,500,000 in exploration expenditures on the property over a three year period (of which $1,000,000 must be incurred in the first year); and

3. Make aggregate cash payments to Noront of $400,000 within two years of entering into the option agreement (of which $200,000 must be paid in the first year). The cash payments may be satisfied, at the option of Noront and subject to the approval of the TSX Venture Exchange, by the issuance to Noront of 800,000 common shares of Hawk (at a deemed price of $0.50 per share).

The Option Agreement remains subject to required approvals by Hawk's Board of Directors, Noront and the TSX Venture Exchange.

Upon Hawk earning its 50% interest in the property, Hawk and Noront shall form a joint management committee to further develop the property as a joint venture with Noront continuing to act as the operator.

ABOUT HAWK URANIUM INC.

Hawk has both direct or option interests in a uranium project in Grand Calumet Township, Quebec, two VMS/nickel/copper exploration properties in the McFaulds Lake "Ring of Fire" area of Northern Ontario in Joint Venture one with Noront Resources and one with MacDonald Mines; one gold exploration property in the Wawa area of Ontario, one uranium property in the Elliot Lake Camp of Ontario, one uranium property in the Charlebois Lake Area of the Northern Mining District of Saskatchewan, one uranium property in Gila County, Arizona, and a core holding of 3.5 million shares in Wits Basin Precious Minerals Inc. (OTCBB: WITM - News). Wits Basin is currently pursuing active projects in South Africa, Colorado, Mexico and the People's Republic of China. Hawk also has petroleum and natural gas properties in Ontario.

For all Hawk Uranium Inc. investor relations needs, investors are asked to visit the Hawk Uranium IR Hub at http://www.agoracom.com/ir/hawk where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Hawk, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Hawk's plans and expectations as detailed herein and from time to time in the filings made by Hawk with the TSX Venture Exchange and securities regulators. Hawk does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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



Contact:
H. Vance White
Hawk Uranium Inc.
President
[phone] or 1-866-214-9486
[phone] (FAX)

Walter Brooks
Hawk Uranium Inc.
Vice President
[phone] or 1-866-214-9486
[phone] (FAX)



Source: Hawk Uranium Inc.



http://biz.yahoo.com/ccn/071121/200711210427040001.html?.v=1

[KNORPEL]

Lesezeichen

[mike32]

Antwort auf Beitrag Nr.: 32.515.546 von KNORPEL am 21.11.07 19:24:31

[Fantomas96]

Mit Goldeye Explorations kam der 50/50-JV-Partner TRIBUTE MINERALS (TBM.V):


http://biz.yahoo.com/ccn/071120/200711200426775001.html?.v=1


Tribute Minerals Inc. Acquires Claims in the McFaulds Lake Area, Northeastern Ontario

Tuesday November 20, 9:23 am ET


(@ Mike: könntest Du bitte die letzten Neuzugänge im RT-Thread aufnehmen ? Danke !)


Gruß,
Fantomas

[mike32]

UC Resources Announces Mr. Michel Roy Agrees to Join Board of Directors
Thursday November 29, 4:15 pm ET




http://biz.yahoo.com/iw/071129/0334224.html

[mike32]

FREEWEST RESOURCES CN
Freewest Resources Announces Distribution of Quest Uranium Shares to Freewest Shareholders
11/30/2007

- Quest Uranium Files Final Prospectus for Rights Offering
MONTREAL, QUEBEC, Nov 30, 2007 (MARKET WIRE via COMTEX News Network) --

Freewest Resources Canada Inc. (TSX VENTURE: FWR) and Quest Uranium Corporation (TSX VENTURE: QUC) announce that the Board of Directors of Freewest has given final approval for the distribution by Freewest to its shareholders of an aggregate of approximately 6,256,000 common shares of Quest Uranium currently held by Freewest.

Freewest will distribute approximately 6,256,000 Quest Uranium common shares to Freewest's shareholders. Each Freewest shareholder of record at the close of business on December 10, 2007 will receive one common share of Quest Uranium for every 25 common shares of Freewest held. No fractional common shares will be distributed in connection with the distribution and shareholders of Freewest will not receive any payment in lieu of fractional shares to which they would otherwise be entitled. After the distribution, Freewest will hold approximately 3,744,000 common shares of Quest Uranium.

Freewest's registered shareholders will receive share certificates representing their Quest Uranium shares by mail shortly after the December 10, 2007 record date. Freewest's beneficial shareholders should contact their securities dealers regarding their Quest Uranium shares.

Quest Uranium announces that it has filed a final prospectus dated November 29, 2007 with the securities commissions of each of the provinces of Canada for a rights offering in a maximum amount of $938,400. Each shareholder of record of Quest Uranium on December 10, 2007 will receive one right for each common share held. Each right will entitle the holder to acquire one additional common share of Quest Uranium at a price of $0.15 until January 4, 2008. The prospectus will be available under Quest Uranium's company profile on SEDAR at www.sedar.com .

The TSX Venture Exchange has approved the listing of the common shares of Quest Uranium subject to, among other standard listing conditions, the completion of the rights offering and private placement for aggregate minimum gross proceeds of $2,025,000 and evidence of satisfactory distribution of at least 200 public shareholders of Quest Uranium each holding a board lot.

In connection with the rights offering, Quest Uraniuam has entered into a Standby Purchase Agreement with Mackenzie I. Watson, the President of Quest Uranium, Ronny Kay, the Chief Financial Officer, and Michael Pesner, a director of Quest Uranium, under which they have agreed to purchase shares in an aggregate amount of $525,000, to the extent that shares are available following the closing of the rights offering.

Quest Uranium is also effecting a private placement of a maximum of 5,000,000 "flow-through" common shares at a price of $0.30 per share, through Union Securities Inc. as agent. In connection with the private placement, Quest Uranium will pay a cash commission to Union Securities in an amount equal to 7% of the total proceeds of the private placement, and grant Union Securities an option to acquire a number of shares equal to 5% of the number of shares issued in the private placement, which option may be exercised at a price of $0.30 per share for a period of 15 months from the closing of the private placement.

If the rights offering and private placement are fully subscribed, there will be 21 million common shares of Quest Uranium issued and outstanding. Of these, it is expected that Freewest's shareholders will hold, in the aggregate, 29.8% of the Quest Uranium shares, Freewest will hold 17.8%, investors in the rights offering will hold 28.6% and investors in the private placement will hold 23.8% of the shares.

The distribution by Freewest of approximately 6,256,000 common shares of Quest Uranium will not affect Freewest's issued and outstanding shares. It is possible that those who have engaged in short selling of the shares of Freewest Resources may not be able to cover their short positions, in light of the dividend declaration, until such time, if any, as Quest Uranium is listed on the TSX Venture Exchange.

Quest Uranium was incorporated in June 2007 as a wholly-owned subsidiary of Freewest with the intention of taking over the uranium assets and exploration activities currently carried on by Freewest, so that Freewest can devote itself solely to exploration for precious and base metals. Prior to December 10, 2007, Quest will enter into an agreement with Freewest with respect to the acquisition by Quest of: (i) the George River property, in respect of which a technical report has been prepared in conformity with National Instrument 43-101, "Standards of Disclosure for Mineral Projects"; and (ii) five uranium properties in Ontario and one uranium property in New Brunswick. The properties to be transferred by Freewest to Quest Uranium comprise Freewest's portfolio of uranium exploration properties and after such transfer, Freewest does not intend to be directly involved in uranium exploration. Freewest will retain rights to precious metals and base metals with respect to the George River property and the six other uranium properties. Quest Uranium may acquire additional interests in uranium exploration properties in the future.

Freewest is a well-funded mineral exploration company exploring for gold, uranium and base metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

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

Contacts: Freewest Resources Canada Inc. Mackenzie I. Watson President and CEO 514-878-3551 or 1-888-878-3551 514-878-4427 (FAX) [e-mail] www.freewest.com

SOURCE: Freewest Resources Canada Inc.

mailto:[e-mail] http://www.freewest.com


http://www.stockhouse.com/news/news.asp?newsid=6238166&tick=…

[Fantomas96]

Antwort auf Beitrag Nr.: 32.093.184 von Fantomas96 am 20.10.07 13:58:40

http://biz.yahoo.com/ccn/071204/200712040429599001.html?.v=1


Fancamp Exploration Ltd.: Johan Beetz Property-Final Payment Received

Tuesday December 4, 1:16 pm ET


Gruß,
Fantomas

[mike32]

Antwort auf Beitrag Nr.: 32.667.258 von Fantomas96 am 05.12.07 00:14:35

KWG's Debuts Diamonds Inc Reports Results
Tuesday December 4, 11:20 am ET
Initial James Bay Lowlands (MacFadyen's Good Friday Kimberlite Pipe) Bulk Sample Yields a Grade of Nearly 20 Carats per Hundred Tons.
MONTREAL, QUEBEC--(Marketwire - Dec. 4, 2007) - KWG Resources Inc (TSX VENTURE:KWG - News) -


http://biz.yahoo.com/ccn/071204/200712040429555001.html?.v=1

[Fantomas96]

TEMEX HEUTE + 24%





http://biz.yahoo.com/cnw/071206/temex_diamond_drill.html?.v=…


Diamond Drill Mobilized to Evaluate High Priority Ni-Cu-PGE Targets Near Noront Discovery

Thursday December 6, 9:05 am ET


TORONTO, Dec. 6 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") and its partner MacDonald Mines Exploration Ltd. ("MacDonald") announce they have mobilized a diamond drill to begin testing several high priority geophysical targets on properties in the area of, and immediately adjacent to, the Noront Double Eagle Ni-Cu-PGE Discovery in the Webequie area of northern Ontario.

The first of several targets to be evaluated in this initial phase of diamond drilling is a well defined magnetic and electromagnetic feature that is known to extend for a minimum length of 400 metres based on the ground survey data gathered to date. Over the 400 metre interval the target body is very conductive and has a positive magnetic correlation on all lines surveyed to date.

Ground and airborne geophysical surveys are continuing and other targets have been outlined, some of which will be diamond drill tested this month. It is currently anticipated that a total of 3 to 4 targets will be drill tested this month with additional drilling set to continue in early 2008. The exact location of the additional proposed drill sites will be refined as additional geophysical data is gathered and interpreted over the ensuing weeks.

Virtually nothing is known of the geology close to the initial target due to the complete overburden cover in the area, however geophysical interpretation of the available regional data suggests the area is likely underlain by rocks similar to those that host the Noront Double Eagle Ni-Cu-PGE approximately 5 km to the west. It is also possible that the area may host rocks similar to those hosting the McFauld's area copper-zinc mineralization some 15 km to the northeast.

Chairman Bruce Durham commented, "We are excited to be drill testing some of these high priority targets on the joint venture property so quickly. We began acquiring land close to the Noront discovery immediately after Noront's announcement of their very significant nickel-copper discovery and have been focusing our efforts at moving the project along as quickly as possible. We understand that there may be as many as twelve drills operating for various companies in the area so it will be a busy winter for everyone."

Temex and MacDonald are equal partners on several properties in the vicinity of Noront's Double Eagle Ni-Cu-PGE discovery. Shortly after acquiring the properties the companies established the framework for the completion of certain work on the property prior to year end. That plan included airborne and ground follow-up geophysical surveying and initial diamond drilling of at least some of the resultant targets. MacDonald, the Operator expects drilling operations to commence in the next few days. The properties subject to the agreement total 1479 claim units and cover more than 60,000 acres.

Bruce Durham, P.Geo., is the designated Qualified Person responsible for the preparation of this News Release.

Temex is a well-funded Canadian exploration company focused on advancing its precious metal, diamond, nickel and uranium projects in Manitoba and Ontario.


On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO

(x) The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release (x)


For further information

On Temex please contact Ian Campbell or Bruce Durham at [phone] or visit the Company's website at www.temexcorp.com.


Gruß,
Fantomas

[Fantomas96]

http://biz.yahoo.com/ccn/071206/200712060430158001.html?.v=1


Probe Mines Limited Completes High Resolution Airborne Survey on the McFauld's West Property, James Bay Lowlands, Ontario

Thursday December 6, 3:20 pm ET


TORONTO, ONTARIO--(Marketwire - Dec. 6, 2007) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB - News) are pleased to announce that a high-resolution airborne magnetic and electromagnetic survey has been completed on the Company's 100%-owned McFauld's West Property, located less than 450 metres from Noront Resources' high-grade nickel-copper-PGE discovery in the James Bay Lowlands, Ontario. The airborne survey will be used to identify targets for an upcoming drill program, and represents the first electromagnetic survey to be conducted on the property. The Company expects to mobilize in late January or early February 2008 to begin the drill program.

The McFaulds West property comprises 12 claims situated immediately north and southwest of Noront Resources' nickel-copper-PGE discovery. Previous airborne magnetic surveys released by the government show the presence of two anomalies within Probe's claims that are similar in size and shape to that associated with Noront's discovery. Other than regional magnetic surveys, the property has had no previous exploration and the current high-resolution airborne survey will be the first to identify potential drill targets.

The airborne survey was conducted by Aeroquest International utilizing the AeroTEM II system, which has a reported exploration depth of up to 250 metres. Once the data has been received and interpreted further announcements will be made on the results of the survey and the details of the 2008 drilling program.

About Probe Mines:

Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld's Lake area where it owns 931 claims covering almost 15,000 hectares. This includes a 100% interest in 12 claims (192 hectares) situated less than 450 metres from the site of Noront's significant new nickel-copper discovery and represents one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Minerals Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, slated for production in 2008. The company's shares trade on the TSX Venture Exchange under the symbol PRB.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release.

Forward-Looking Statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.

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



Contact:
David Palmer, Ph.D.
Probe Mines Limited
President
[phone]

Karen Willoughby
Probe Mines Limited
Investor Relations
1-866-365-4724
Website: www.probemines.com

Email: [e-mail]
AGORACOM Investor Relations
Website: www.agoracom.com/ir/probemines

--------------------------------------------------------------------------------
Source: Probe Mines Limited


Gruß,
Fantomas

[Fantomas96]

Lang aber interessant: Geologische Situation James Bay


http://www.agoracom.com/ir/McFaulds/messages/653461#message


Re: The Rings Central Core
Posted by: alcollard on December 06, 2007 11:44AM

In response to: The Rings Central Core by the deputy

Hi deputy,

Not sure who posted this originally, but here is a write up on the geology of McFaulds Lake:

Geological Theory/Facts of Genesis of McFaulds Lake:


I seldom say this, In my view this post, with the up to date Geological information contained herein , is a must “keeper” to cut and paste, for future reference, to those interested/invested in the McFaulds Area….this post has taken weeks to research and put together….
Information credit will be given to their Sources, accordingly, and in all cases referred to herein, these are their professional opinions, based on their interpretations of fact findings studies , to which , I have then added/applied my kowledge/information/opinions of the McFaulds Area…I have decided to post this information, knowing that I have met their requirements, which are proper “credit” and non commercial use…proper credits are listed below, and as you all know/may know, I have not /and am not being paid by anyone to post on these forums.. .I do so simply to provide information and my considered opinions…..just your usual cautionary statements…
The Purchase of
MNDM Publications
MNDM Publication Sales
Local: [phone]
Toll Free: 1-888-415-9845, ext. 5691
(inside Canada, United States

I will begin with Prof. A.J. Naldrett, world renowned Geology professor and probably “THE” or one of , the world experts on MMS , Ni Cu PGEs …
I met Prof. Naldrett of a few occasions and attended a good number of his lectures on MMS Ni Cu PGEs, in Toronto, and have read much of his written papers on said subject, long before McFaulds came along….I will not go into very complex and extremely difficult geological terms and theories..I will try to describe some theories here, as simple as possible, under the circumstances of the very complex subject of geology in general and super complex McFaulds geology in particular….
Below are 3 general “findings” by Prof. Naldrett of his studies of worldwide MMS Ni Cu PGEs deposits :
"Magmatic Ni-Cu sulfide deposits form as the result of the segregation and concentration of droplets of liquid sulfide from mafic or ultramafic magma.When most major Ni-Cu sulfide deposits, including those at Kambalda, Western Australia, are viewed in the light of studies at Noril'sk, Sudbury, Jinchuan and Voice’s Bay, three factors become apparent:
(i) the concentration of sulfides in channels or conduits through which much magma has flowed (feeder conduits for intrusions are much more prospective targets for exploration than the base of the intrusions themselves);
(ii) (ii) the interaction of the source magma with country rocks, either leading to the incorporation of sulfur, or the felsification of the magma in question;
(iii) (iii) fractional crystallisation of sulfide liquid giving rise to Cu-rich ores which may be far removed from the 'source' ore.
Anthony J. Naldrett Key factors in Genesis of MMS Ni Cu PGE implications for exploration."
The first point is relatively simple , and as I have posted previously, that these NI Cu PGEs sulfides are accumulated and deposited in magma conduits or “feeders” conduits for much larger intrusions, wherein successive introductions of Magmas have occurred…BUT once you have ‘prospected “ and found these magma conduits mineralized with Ni Cu PGEs , then many Geologists recommend drilling much deeper for the “source” (parent) magma responsible for these deposits as these deeper bases of the Magma are usually also “mineralized”…especially in the case of McFaulds, wherein good evidence exists of the regional.presence of Chromite layers , and enxtensive titomagnetite layers, that are good evidence for the proposition that very HOT, Dynamic Magmas , existed at McFaulds, and were responsible for the mineralized “feeder conduits” the type of Dynamic Magmas that could host Massive Nickel Sulfides, near or at their base….more on dynamic magmas and their “plumes” in another post some time…
from BMK news and my discussions :
That these thick madfic gabbro-ultramafic sills have high nickel and possible Platinum Group Element (PGE) potential has now been proved by the presence of nickel sulphide in more than one place, as well as the regional presence of chromitites and laterally extensive titanomagnetite layers evidence for hot magmas of the type that may host large massive nickel sulphide deposits near their base.
The second point is extremely important and very relevant to the formation of McFaulds area deposits, which would include the Speatacular NOT discovery, and the BMK Ni discovery, and of course hopefully many more as yet hopefully undiscovered discoveries…
"(ii) the interaction of the source magma with country rocks, either leading to the incorporation of sulfur, or the felsification of the magma in question;"

So then from this statement we conclude that in order for magmatic sulfides to concentrate in one area and remain in situ, either Sulfur from the surrounding country rock, or more importantly as in McFaulds case, “Felsification” with the contact magmas…
We have all heard and read many/most of the uninformed and geologically ignorant posters/doubters refer to the “granodiorite, which they describe as having limited NOT’s ore bodies. …..Nothing could be further from the “truth/facts”…
You will recall that in most all NOT drill holes to date, the mineralization ended in “ granodiorite”…It is my opinion, that , what existed prior to the NOT mineralization event, was Large “granite” bodies as the country rock…these “granites” are/were in fact all felsic, containing up to 65%to 90% of quartz and alkai felspars, therefore they are felsic. The “feslsificatiion” referred to above, potentially occurred when the “mafic” parent magma, probably a gabbro, came into contact withand mixed with the “granites” country rocks and assimilated and transformed it into “grano-diorite”, thereby felsification of the Parent Magma in question..so that diorite part, is the “mafic” component parts of the parent gabbro? magma, which assimilated with the “granites” felsic country rock , then transformed them into “granodiorites”. This felsification,into the Granodiorite, in my opinion in this case is what created the “trap” for the Ni Cu PGEs sulfides, in situ, which accumulated near the edges of this process….
So the “granodiorite” is GOOD news, since that was part of the Parent magma, and the “trap” for the Ni Cu PGEs mineralization in NOT’s Area discovery…Thus the granodiorite does not limit NOT’s Spectacular discovery, or many likely future such discoveries in the McFaulds area…….
The third point is:
"(iii) fractional crystallisation of sulfide liquid giving rise to Cu-rich ores which may be far removed from the 'source' ore. "
As most of you know, SPQ has discovered many, more than 10 so called VMS deposits containing Cu and Zn…However some of their discoveries were only Cu with no Zinc…some were as much as 8% Cu…..this leads me to believe That those Cu only discoveries , were as the result of “fractional crystallisation” of the parent magma/s that gave rise to Ni ores, which may be far removed from the source(parent) ore…
Implications of this“fractional crystallization” for McFaulds may be;
1. These rich Cu only discoveries made by SPQ are part of the magmatic processes which gave rise to the Ni Cu PGEs of NOT and likely many other such deposits along the belt at McFaulds..
Alternatively, these SPQ Cu only discoveries give potentially, some evidence that such Ni Cu PGEs deposits also exist in SPQ claims, both east and west, since these Cu discoveries were made some 25 Kms east, and 25 Kms west ,and away from NOT’s Ni Cu PGEs deposit.
Further confirmation of these Ni deposits, spread out throughout McFaulds belt, comes from BMK who discovered a 93 Ft. section of drill core assaying about .40% Ni., in their MacNNUGET claims some 25 Kms west and away from NOT, which BMK is drilling now…
2. Thus there is both evidence for a GIANT parent magma, for the entire McFaulds area, or more likely,a series of Large mafic magma intrusions which potentially gave rise to a series of Ni Cu PGEs deposits, and farther away potentially the Cu only deposits and potentially, Massive Sulfides Ni deposits at their base, as above noted….
Here are some other very important and NEW findings/interpretations about the Geology/Geological setting for McFaulds…this information is borrowed from MNMD, Ont Gov. Open File Report-OFR 6192, Scott and Rainsford, 2006, from Aeromagnetic data , and revised terrain maps….this report is their interpretation of the data collected…
I would advise anyone who is serious about learning more on McFaulds Geology, to obtain a copy of said repot, (doesn’t cost much), but it gives you much additional information/data, a great number of maps and other illustrations data and information for the entire Hudson’s Bay/James Bay Lowlands etc…I am only going to quote a couple of items in this post, of this very large and informative geological/geophysical report, which I consider very important indeed…which as I read the fine print, is allowed, provided one gives the report “credit”, and it is for non commercial use, as noted above…
OFR 6192 Scott, Rainsford…2006
From Aeromagnetic data, and revised terrain maps…
Some features to note:
-" The merging of greenstone belts of Uchi domain and Oxford-Stull domain under the James Bay Lowland;"
Of course, these is a very complex set of Geological factors which cannot be explained easily,
Or ascertained to any degree in one study, however, certain assumptions may be theorized, such as the reason why these 2 distinctive Geological Units have “merged” under the James Bay Lowlands…This MAY indicate some evidence for plate tectonics, more particular “subduction zones” or crustal growths thru “rift”which have “merged” these 2 UNITS together..
Some other potential evidence for this “subduction zone” and crustal growth is stated below, wherein an “INDENTOR” taken to mean an indentation, or a lowering of the James Bay lowlands terrane, as compared to the surrounding rocks, sometimes referred to in Geology as similar to a Graben…additional important data from this statement below is that this “indentor” is flanked on each side by FAULTS…you will see this more clearly if you obtain the full report…
Now the “GRABEN” concept/idea is my opinion, since the geological definition of Graben is
“ an elongated depressed crustal unit, or block, that is bounded by “faults” on it’s sides”…it may or may not be expressed as a “rift valley”….
How my “GRABEN” description importantly relates to the Ni Cu PGEs mineralization is somewhat clear, since some of the World’s largest Ni Cu PGEs deposits like Norlisk in Russia occur within these types of “GRABEN” or “indentors” "low lands" ..At Norlisk it is described by Naldrett as a 3.5 Km thick “volcanic basin” in/near the axis or keel of an anticline formation, that is thought to have brought these deposits to near surface…these Norlisk deposits are world class and account for LARGE portion of Ni Cu and of course PGE’s..Russia being the world’s MAJOR producer of Palladium…you will also notice a number of “DOMES” and anticlines in and around the McFaulds lake area from the Geo maps posted…
- A large indentor-like feature underlies the James Bay Lowland, flanked by faults; -
Debate has grown as to the AGE of these MMS intrusions…The statement from the said report below, may shed some light into this discussion…I have read and that some samples taken from the McFaulds and adjoining areas, area were dated from 2737 to 2696…A;though I previously posted that these rocks were Proterozoic,, or earlier, that was not exactly correct. They are about 200 Million years older… The Archean age ranges from 3.8 to 2.5 Billion years old…the youngest known as late Archean 2.9 to 2.5 Billion years old.. Proterozoic age starts after 2.5 Bill…so the dates quoted in some reports show that some of these intrusive rocks underlying the Paleozoic limestone are of late Archean ages aound 2.7 Billion years old,…some of the surrounding rocks are of early Archean ages 50+ more years older……From reading may publications, and mapping of World MMS Ni Cu PGEs deposits, especially from Prof. Naldrett, it seems that the older the rocks the higher the sulfide content of Ni etc…, since the theory is that the earth’s Mantle, was somewhat more HOT Dynamic and Violent , than it is today, as it is very very slowly cooling…so AGE may be a plus for McFaulds…and interesting side note of these world MMS deposits maps, is that Canada has been unusually blessed with a higher proportion of these deposits , than other countries…
In conclusion, I have believed for some time that the Potential for Large and rich deposits of Ni Cu PGEs at McFaulds is/has been Great!..…As more geological data , interpretation and especially drilling comes forth, I believe again the words of Mr. Nemis “THE RING OF FIRE ( The McFaulds area) WILL BE LARGER THAN VOISEY’S BAY”…the structure and Geology are there, the Ni Cu PGE’s are there, at least proven to exist thru 50 Kms belt of McFaulds, while others potentially to be found and extending Mfaulds further…
from SPQ’s VMS discoveries some 25 Kms away East from NOT’s discovery, to the BMK Ni MS discovery last year 20+ Kms away West of NOT’s discovery….now all that is left is the very important “drilling” to actually outline and “prove” the orebodies…Good luck to all McFaulds Lake Players….
ALL of the above as usual ….In My Considered Opinion…pls do your won D.D….


Gruß,
Fantomas

[Fantomas96]

NEUES PP von FWR (Preis: CAD 0,32 und 0,40):




http://biz.yahoo.com/ccn/071207/200712070430359001.html?.v=1


Freewest Resources Announces Private Placement for a Maximum of $800,000

Friday December 7, 3:30 pm ET

Shares to be issued at $0.32


MONTREAL, QUEBEC--(Marketwire - Dec. 7, 2007) - Freewest Resources Canada Inc. (TSX VENTURE:FWR - News) announces that it will issue a maximum of 2,250,000 "flow-through" common shares and 250,000 non-"flow-through" common shares to investors in Canada at a price of $0.32 per share, for maximum proceeds to Freewest of $800,000. Each share will be accompanied by one-half of a common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional non-"flow-through" common share of Freewest at a price of $0.40 for a period of one year.

It is expected that Freewest will pay certain registered representatives a finder's fee equal to a maximum of 6% of the gross proceeds from the sale of shares through such registered representatives in connection with the private placement.

Freewest will use the proceeds from the private placement for the development of its projects in New Brunswick, Ontario and Quebec, and for working capital.

Under applicable securities legislation and the policies of the TSX Venture Exchange, the securities issued in the private placement will be subject to a four-month hold period. The private placement is subject to regulatory approval, including that of the TSX Venture Exchange, and to the signing of definitive subscription agreements. The placement is expected to close on or before December 21, 2007.

Freewest is a well-funded mineral exploration company exploring for gold, uranium and base metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

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



Contact:
Mackenzie I. Watson
Freewest Resources Canada Inc.
President and CEO
[phone] or 1-888-878-3551
[phone] (FAX)
Email: [e-mail]
Website: www.freewest.com



Gruß,
Fantomas

[Fantomas96]

Für alle JAMES BAY Interessierten:

Hier ist eine lange, aber sehr interessante Zusammenfassung der elektromagnetischen / geophysikalischen Daten im Bereich des Noront Double Eagle Fundes.

Nach Studium habe ich meine bisher hier geposteten Annahmen nochmal up-to-date gebracht und werde mein weiteres Vorgehen bezüglich Noront und Area Player in den nächsten Tagen umsetzen, da sich diese mit meinen bisherigen Erkenntnissen decken und sehr logisch und nachvollziehbar erscheinen.

Aber bitte lest selbst (Text von mir zwecks besserer lesbarkeit formatiert / korrigiert):


http://www.agoracom.com/ir/Spider/messages/656601#message



This is yet another one of those rare posts that should copied and pasted for future reference, closer reading/study.
It is especially important because it contains, in addition to some Geology, it also includes factual and very important Geophysics studies/maps from portion of McFaulds Area conducted by Area Players on or about 2004, and 2005.
Take note that these Geophysics maps were made public, long before the Spectacular Ni Cu PGEs discovery by NOT.
I mention this, since it is rather “rare” , with good reason, that Explorers publicly release this kind of Geophysics data/information after a great discovery.
As evidence, BIG players like CVRD have already moved into McFaulds, apparently notifying Chief Jacob by letter.
The BIG CVRD question is: did they option land from NOT, or did they stake their own claims west of NOT ?
I doubt whether many of the Area Players would want to release “confidential” and detailed Geophysics Surveys publicly.
However, fortunately, we do have these few Area Geophysical Surveys that can tell us volumes about the potential for NOT like MMS Cu Ni PGEs discoveries.
These Geophysical Surveys only cover a small portion of McFaulds, approx a 5Kms radius from NOT’s Spectacular discovery and 5 Kms East, but they are extremely important because of their very close EM anomaly similarities and proximity to NOT’s EM signature/anomaly, all within 5 Kms of NOT.
First the all important Geophysical data/maps portion as they directly relate to the following Area Players around these area maps , including in no particular order, NOT, SPQ, BMK/JV, FWR, FNC,KWG.
These Geophysics maps and their anomalous signatures, of said area are the real thing. They are the actual”physical”.
EM signatures were part of the data used I believe, to uncover NOT’s spectacular MMS NI CU PGEs discovery, and SPQ’s famous Chromium/PGE’s layered peridotite discovery about 3 kms NW on strike, and were one of the primary reasons BMK/JV immediately "rushed" to stake the open area just below those SPQ optioned FWR claims.
As a BMK employee told me after pointing these EM maps,”why do you think we rushed to stake those claims near/below NOT, as soon as we heard of NOT’s MMS discovery ?”.
So in my view, these Geophysics maps are very important indeed, and may/likely in fact point the way to other new Spectacular MMS discoveries, in this 5 Kms area, very shortly, with BMK/JV drilling this week there, and SPQ, KWG,FWR drilling there in January/08.
To better satisfy yourselves as to the exact locations and claims ownerships, as these maps do not specifically give detail names of each claim holder, please download the latest claims map dated Nov. 26/08 from the link below, and zoom in to the area surrounding NOT’s Discovery.
Any Mafaulds map will do since these claims are somewhat original.


McFaulds Area Claim Map:

http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…

To better and precisely follow the points I will make below, it’s best to download the 3 Geophysics maps with links below, and zoom in to have a real good/closer look.

Map of NOT HLEM:

http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…

Geophysical AEM anomaly map borrowed from BMK of that portion of McFaulds being discussed in detailcourtesy BMK :

http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…

FWR TEM Map, of the area at McFaulds being discussed in detail courtesy FWR:

http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…



First a word about EM Airborne “Electro Magnetics” vs “Magnetics” : Geophysics includes in the field of mineral exploration, in particular the search for “Electro Conductive” metallic sulphides and oxides in resistive geology.
It also includes the search for “magnetic” anomalies/signatures , such as Magnetite and Phyrrotite etc,that are magnetic which are quite separate and distinct from Electromags, which relies on “Electro Conductivity”.
MMS Nickel and Copper deposits are typically very conductive, and return a strong EM response (so much so that specialised processing may be needed to detect them with time-domain EM systems) TEM.
These deposits are generally associated with ultramafic intrusives, which also produce strong magnetic anomalies, useful for targeting prospective geology within regional magnetic surveys.
The presence of pyrrhotite in the deposit may create a magnetic anomaly, although it can be lost in the strong magnetic anomalies of the associated intrusives.
The letter before the term EM, refers to the type of EM.
HEM is a Helicopter EM.
FEM is a Fixed wing EM.
TEM is a Time domain EM.
They are all EM’s with different instruments/applications, such as for depth, close to surface, differentiating etc etc.
These and New types of these Geophysics Surveys is a real growing business, and usually take up to 20% of the booths at Prospectors Conventions.

To cut to the chase I will be concentrating /discussing the following claims and Area Players:
- NOT and it’s MMS discovery Claim.
- FNC and it’s 4 claims adjacent to NOT.
- SPQ/KWG and their 5 Claims(optioned from FWR)adjacent to FNC.
- SPQ/KWG 321/2 % Interest each, FWR 35% Interest.
- BMK’s 2 claims below SPQ/KWG and adjacent to FNC.
- 1 Claim of SPQ/KWG just after said 2 BMK claims.
- and 4 Claims above SPQ/KWG of FWR.

I will first deal with NOT.
Many, including Kaiser have suggested that NOT’s MMS discovery extends some 2400m S/W.
In the first HEM map, you will notice that NOT’s EM anomaly does in FACT extend South/SouthWest by some 2400m all within NOT claims.
So, in conclusion, there is a great likelihood that NOT’s discovery deposit does in FACT extend further by about 2 Kms.
Perhaps not totally continuous, but rather in sections of that 2400 Kms strike length, since in part, the line used to outline this EM anomaly is not a solid line, but a broken line in dashes.

The second Geophysics map, courtesy of BMK is very important indeed.
For it not only shows the precise EM anomaly/signature of NOT’s MMS Ni Cu PGEs discovery, but it shows the intensity and strike direction, of a number of very similar EM anomalies as follows:

please remember there are no numbers or data given on this map but a visual comparison would suffice.
It is very clear that NOT’s anomaly extends North/West into SPQ/KWG/FWR Claims, there are at least 3 very similar anomalies , directly on strike NW from NOT’s anomaly/discovery.
These 3 anomalies have great likelihood of being MMS,this is where SPQ found the Chromite and PGE’s.
One EM anomaly is divided between SPQ/FWR/KWG and BMK.
This is an important one, since it also lies next to a Fault, and is marked HIGH EM.
A smaller anomaly is found in one of FNC’s claim a little bit South of NOT’s EM anomaly.
This anomaly too has a great likelihood of being MMS.
The next anomalie is in the BMK/JV claim, marked in red in BMK map, almost on strike NW a little more south of NOT/FNC’s EM anomalies.
This one too has a great likelihood of being MMS, especially since they are next to a Fault and are marked as HIGH EMs, along with another anomaly right adjacent NW to it which is in SPQ/KWG claim.
Leading from these anomalies almost on strike north/west, there are at least 4-5 such anomalies mostly leading in and into SPQ/KWG/FWR claims.
These most certainly have a great likelihood of being MMS, as you will see in the next map, a “fault” running right next to them, and are marked with a solid red line, indicating a HIGH EM anomaly.

As you can see, those are the only High anomalies released in this partial map for that area from BMK.
They look superb.
I asked a Geologist friend what percent chances he would give these anomalies under the circumstances of NOT’s EM Anomaly MMS discovery.
He gave me a 60% chance of them being MMS.
My guess was a 65% chance, so there exists a very good likelihood these/some of these EM anomalies represent MMS deposits, especially when viewing the last Geophysics map from FWR.

So to summarize:
- 1 EM anomaly in NOT’s claim, the MMS Ni Cu PGE discovery and what looks like a continuation of that EM anomaly in NOT’s claims SW.

- 1 EM anomaly in FNC claim just S of NOT.

- 5 to 6 EM anomalies in SPQ/FWR/KWG JV claims.

- 3 EM anomalies in BMK/JV claim.

- 1 EM anomaly in SPQ/KWG claim.


This first map does not show the 4 FWR claims, although FWR map shows 1 EM HIGH red solid line anomaly in FWR claims, just above a fault in the 2nd claim N of SPQ/JV claims.
All these have tremendous potential for MMS.
You will note that on the next EM map from FWR, there is a little more detail and gives HIGHS and Medium and Lower EM anomalies.

Remember that this EM anomaly was released prior to NOT’s MMS discovery, they were only drilling Medium to Lower EMs.

Also none - NOT ONE OF THE HIGH ANOMALIES !!! - on this Map were drilled, (of course with the exception of the NOT anomaly/discovery) represented by very THICK/SOLID red line, that corresponds exactly to the previous BMK HIGH EM Anomalies map, as some of the press releases from NOT had indicated.

This is indeed very good news.

Of course we can’t see the NOT or FNC High Anomalies on this map, BUT we can see SPQ/KWG/FWR, and FWR and the BMK claim, and SPQ/KWG claim, and the 4 FWR claims.

You will note that on the BMK/JV first claim there is a Fault(black dotted line), and beside that Fault,still on BMK claim, there are 2 solid lines and 2 thick black points at the top of the claim, never been drilled.
These are excellent MMS targets/potential.
The second BMK claim EM anomaly does not show up on this map, maybe it wasn’t surveyed, but one can see from the adjacent BMK claim, that the HIGH to Medium EM conductors do flow into BMK claim from SPQ/KWG claim.

The SPQ/KWG claim (borders in black) has tremendous potential for MMS since it has 2 solid red lines, indicating HIGH EMs, and 2 black thick markers.
Continuing on from there and joining the “Fault” in a NW direction, is a series of very solid red lines and thick black dots, in a much longer stretch all in SPQ/KWG/FWR claims.

This area in my opinion has the HIGHEST chance of being an MMS deposit, leading from about the middle of the JV claim on extreme left and moving NW past the top of that small square inside that claim, and past the Fault line, and are all HIGH EMs.

There is a very similar but smaller one just below the above.
Again I believe that these last 2 EM anomalies mentioned have in my opinion, the HIGHEST possibilities of MMS mineralization.

FWR has 1 EM High. None of these HIGH EMS have been drilled.
BUT I’m almost certain they will be drilled on or about Jan/08.

Remember that there also exist a high possibility of hitting a pure PGE deposit, and also remember the VAST Claims/Lands that NOT/JV, BMK/JV and SPQ/JV have at McFaulds, which have never been drilled for MMS HIGH EM anomalies.

Just an interesting side note about that little square piece of land inside SPQ/FWR/KWG.
As I was informed, it turns out that it was owned by an individual who refused to sell it for many years.
Eventually a deal was made with Renforth to buy said property, and subsequent to that SPQ/KWG made a deal with Renforth optioning all their diamond plays at McFaulds, and so acquired interests in that small square.

I believe there exists a great likelihood that some of these EM High Anomalies noted above will find MMS-NOT-like deposits at McFaulds.
This would mean superb NEWS for NOT as well as said Area Players, since it’s the total tonnage at McFaulds that will make NOT and all McFaulds deposits “economical”.

For the record, and in full disclosure, I own most all of the above noted Area players, and have been accumulating more over the last couple of weeks, especially SPQ, BMK and FWR for reasons above noted, and may be accumulating a bit more if prices weaken further.
As usual, this is all in my considered Opinion.
Please do your own Due Diligence.
JD


Gruß,
Fantomas

[mike32]

Temex, Noront And Baltic Expand Property Position Via Staking Syndicate
Tuesday December 11, 11:30 am ET

TSX Venture Exchange:TME, Frankfurt Exchange:TQ1
TORONTO, Dec. 11 /CNW/ - Noront Resources Ltd. ("Noront"), Baltic Resources Inc. ("Baltic") and Temex Resources Corp. ("Temex", TSX Venture Exchange TME, Frankfurt Exchange TQ1) announce that they have completed a significant land acquisition campaign in the McFaulds Lake area in the James Bay Lowlands region of northeastern, Ontario. The new properties, located in the general area of Noront's Double Eagle Ni-Cu-PGE discovery, were acquired by Temex on behalf of Temex, Noront and Baltic collectively the Staking Syndicate ("Staking Syndicate"). A total of 120 mining claims comprising 1900 claim units totaling 76,000 acres (the "Claims") were acquired on behalf of the Staking Syndicate.
Subsequent to the staking campaign, Temex, Noront and Baltic have entered into a binding Letter of Agreement whereby each party has agreed to grant the other two parties a 100% interest in one third of the total claims staked, with each of the parties retaining a 1% Net Smelter Returns ("NSR") royalty in the claims granted to the other parties. Therefore each party has a 100% interest in one third of the claim units and a 1% NSR royalty in two thirds of the claim units. Temex acted as operator of the Staking Syndicate.

The Claims cover features thought to represent geological environments similar to the geological setting near the Noront Ni-Cu-PGE discovery. It is believed that the newly acquired Claims have never been subjected to any previous exploration for Ni-Cu-PGE mineralization, and for the most part, the Claims have not been covered by a modern magnetic and electromagnetic geophysical survey.


On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO



http://biz.yahoo.com/cnw/071211/temex_noront_baltic.html?.v=…

[Broker_Hans]

Antwort auf Beitrag Nr.: 32.729.606 von mike32 am 11.12.07 18:16:51

UC Resources Shareholders Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2007) - UC Resources Ltd. (the "Company") (TSX VENTURE:UC) - On behalf of the entire management team of UC Resources Ltd., we are pleased to provide this update for our shareholders. The areas of interest have expanded in 2007 and the pace of our activity will accelerate in the coming months, as UC is now involved in exploration/production work in Mexico and exploration in Northern Ontario, Canada. There have been management changes at your company culminating with the appointment of Mr. Jim Voisin as the new President and a member of the board of directors, plus the addition of Mr. Michel Roy, CEO and Chairman of ECU Silver Mining, to the board of directors.

McFauld's VMS Project Update

Last March, in Northern Ontario, the Company announced they entered into a binding option agreement allowing an earn-in up to 55% of the McFauld's Lake area JV between Spider Resources Inc. and KWG Resources. This agreement has UC as the operator during the earn-in phase and ultimately allows the company to earn a controlling interest in the McFauld's Lake property package. UC is of the opinion this region could develop into a world-class base metals exploration camp. Our program objectives are to delineate for drilling Noront Double Eagle look-alike targets plus participate in exploration work to follow up on the earlier work in the area, sufficient to define a much larger massive sulphide deposit that could be of interest to a senior mining company.

Billiken Management continues to manage the entire program. As we reported in May, a gravimetric surveying program was completed which identified a number of additional attractive targets, all with the potential to increase the two known partially drilled off, massive sulphide by several million tonnes. UC's summer work program commenced in June with additional geophysical surveying work, followed by a drill program to test the high priority targets. A successful flow-through financing earlier this year that raised $1.5 million provided the funding necessary to allow this work to proceed.

In light of the recent exploration news in the McFauld's Lake area, involving the exploration efforts of Noront Resources Ltd., this new discovery of nickel, copper and PGM mineralization in a peridotite has significant exploration ramifications to your Company's program. It provides much encouragement to the area, while supporting opinion, that this under-explored area of Northern Ontario will have many surprises as exploration progresses. It is management's opinion (based upon Billiken Management's and our joint venture partner's longevity and expertise in the area), that the Noront discovery may very well represent a magmatic cumulate style copper - nickel occurrence. This discovery by itself may very well set the stage for senior development companies to try to negotiate themselves in the area. Your Company is in an ideal position to deal with such interest.

The Company is presently participating in an airborne survey contract which was awarded to Aeroquest International Ltd. using its helicopter-mounted AeroTEM-2 system and anticipates a report in late December on phase one covering part of its area of interest with more results to follow in January for phase two & three. This is intended to culminate in a proposed drilling plan by Billiken Management on targets of interest which will focus on Noront Double Eagle look-alike signatures. In addition some staking of new claims has been completed by our partners and UC Resources has indicated their intention to participate in the new claims as per the option agreement. The company expects to have drill ready targets and commence a drill program during Q1 2008.

Exploration Update - Copalquin

UC's drilling efforts at Copalquin proceeded at a much slower pace than we originally anticipated, due to a number of mechanical issues with the Company owned drill that required frequent shutdown to repair. There were also delays in sourcing replacement parts and downhole consumables for the drill in Mexico. The property is somewhat remote and the terrain is challenging, nonetheless, we successfully completed a number of drill holes, and the regional exploration work continues in the area. We are however encouraged by the announced drill and assay results from the recent program on the La Soledad vein system.

A complete review of all data required for the mostly completed 43-101 has revealed some data gaps on the property package so the Company plans a 2 phase program over the coming months with phase one now almost completed. Phase one would include checking (lots of channel and character grab samples, maps, photos, pan down slope of any dumps, adits, etc.) all of the known showings through chip and grab sampling, and panning and taking -80 mesh silt samples along all the tributaries that drain the "older volcanics", plus precision surveying - probably GPS + reflectorless laser ranging. The purpose of this work will be to tie in all outcrops, showings, roads and trails etc. This data will finally allow us to produce crisp maps and sections and form the basis of the ongoing compilation work that has yet to be completed. The results of this work can then also be incorporated into the baseline 43-101 which is near completion and assist in phase two decisions.

Phase two will involve diamond drilling of the high grade La Soledad vein system and other newly defined targets. This should commence mid Q1 2008 and is anticipated to involve approximately 2000 metres of drilling. The drill intercept spacing in the type of low sulphidation gold/silver occurrence we are dealing with requires that pierce points be tightly spaced along strike and to depth. This detailed drill pattern is required for a compliant preliminary resource estimate. Once the drilling is well underway (10-15 pierce points), an independent engineering firm will be brought in to evaluate the resource as it stands, and provide a preliminary report on the resource size and grade. With the concentrations of gold (around 1 ounce per ton) and silver (around 100 ounces per ton) received in holes MP-06-07 and MP-07-001, it is now imperative to put in place a very rigorous QA/QC program, so that all requirements for a resource are met. The La Soledad occurrence represents just a small part of the total property area of interest that is controlled by your Company, but this is the most advanced discovery area so far and therefore it is important to document the potential that has been outlined so far. Management also plans to start a more extensive regional exploration program and follow-up previous drilling success at El Refugio and El Cometa zones.

In addition the Company is planning a much larger regional baseline exploration program which is still under discussion and design which is intended to exploit the sizeable 152,000 hectare land position presently controlled by UC.

La Yesca Production Update

The Company remains committed to achieving successful commercial production at its tailings operation at La Yesca as one of the key goals going forward. Although we have not yet commenced commercial production which was a target established for 2007, we have made many steps forward at La Yesca, and have achieved limited test production runs over short stints during the initial startup and commissioning of the new plant. However, no commercial volumes of precipitate have been produced as of yet.

Recent changes involved alterations to the milling and leaching equipment and enhancing the material flow and this is an ongoing process. In order to optimize the recovery of gold and silver, further additional experimentation with the metallurgical processes have been undertaken such as the grinding of the tailings, varying the concentration of the reagents to release and then capture the gold and silver from the tailings, adjusting the timing of the treatment cycle, as well as the installation of a much larger thickening tank to improve the recoveries. The Company has been running numerous tests at UC's new laboratory installation in Guadalajara.

UC has also undergone significant changes in our staff in Guadalajara/La Yesca, both in the office and at the mill site, in an effort to improve the quality and efficiency of our staff. UC has hired a new plant manager (Canadian), as well as new metallurgists support, a chemical engineer, and a new chemist to replace the previous plant manager and metallurgists that were initially on staff at La Yesca. With the addition of these new staff members, the test-work has progressed. The purchase of the necessary laboratory equipment is almost complete, including the addition of a new atomic absorption unit. With this latter addition to the lab, UC now will have the ability to complete its own chemical analysis at various points in the plant flow, in a much more timely and efficient manner. UC will no longer need to rely on outsourcing the analysis during this critical commissioning phase at La Yesca.

UC is anxious to advance to the commercial production level, but it is necessary to determine all of the variables in order to achieve the most efficient operation. To this end UC Resources has also retained the services of an outside process management consultant to further assist the new plant management team in completing the commissioning phase as soon as possible. The Company expects to commit further funds to this process but is confident that La Yesca will meet the original profit expectations the acquisition was based on.

La Dura Gold / Silver property Acquisition Update

The closing of the La Dura property acquisition has been delayed extensively due to negotiation to resolve outstanding debt on the property that was discovered as part of your company's legal due diligence on the property (land tenure checking). Although La Dura is still of interest to UC Resources due to the merits of the property as a potential gold/silver producer with infrastructure (mine and mill) already in place, it has been mutually agreed with the vendor of the project that the LOI is no longer binding given the time delays that have occurred. UC will keep shareholders apprised of any further developments with La Dura.

Recent events

Your Company also continues to review new property acquisition targets, both potential quick to production assets and pure exploration opportunities. We are also reviewing an existing asset the Mar property for a future drill program.

Your Company has recently experienced a very lengthy audit process much longer and more detailed than expected. This caused some delays in filing which unfortunately led to the stock being halted. We would like to apologize to our shareholders for this delay and assure all shareholders that your Company supplied material and answered all questions in an expedient and timely manner as should be expected. The audit process is driven by the auditors not the Company. The Company was aware that some changes were required to management controls prior to this audit and takes this process very seriously and is committed to making what changes it can to ensure this event is not repeated in the future. To this end we have retained new auditors who will work more closely with the Company.

With the closing of the recent private placement with PowerOne Capital Markets, the Company has the capital required to advance its numerous corporate objectives. Your board of directors and management team are committed to advancing the key projects forward and to enhancing shareholder value while maintaining active communication with its shareholders. I thank all of our shareholders for their patience and support as we work to achieve our strategic goals in 2008.

On behalf of the board of directors,

Gregory Roberts

Gary Monaghan

Jim Voisin

Michel Roy

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects 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 market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings which are available at www.sedar.com.


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

[mike32]

NEWS - Freewest Partners With a Major Mining Company to Further Explore its Sungold Base-Metal Property, Northwestern Ontario
Posted by: AGORACOM on December 21, 2007 01:59PM


HIGHLIGHTS:- Freewest signs agreement with Xstrata Copper on its Sungold property

- Xstrata Copper to spend $3,000,000 on exploration to earn a 51% interest and a cumulative 75% interest by spending up to $20,000,000 on, or completing a Feasibility Study on any or all parts of the property
MONTREAL, QUEBEC, CANADA--(Dec. 21, 2007) - Freewest Resources Canada Inc. (the "Corporation") (TSX VENTURE:FWR) today announces the signing of an agreement with Xstrata Copper ("Xstrata") whereby Xstrata may earn up to a 75% interest in the Corporation's Sungold base-metal property (the "Property"). The 100%-owned Property comprises 94 square kilometers or 49 mineral claims and is located 120 kilometres west of Thunder Bay in the Shebandowan greenstone belt of northwestern Ontario.

Under the terms of the agreement, Xstrata is required to spend $3,000,000 on exploration and make cash payments of $125,000 to Freewest over a 4-year period, to earn a 51% interest on the Property (the "Option"). In addition, Xstrata retains a Bump-Up Right enabling it to earn an additional 24% interest (75% cumulative), by completing a Feasibility Study with respect to all or parts of the Property or by incurring no less than Twenty Million Dollars ($20,000,000) in Feasibility Study Expenditures. Upon Xstrata having exercised its Bump-Up Right and becoming vested with a 75% interest in the Property, a Joint-Venture shall be formed with Xstrata having a participating interest of 75% and Freewest 25%. Should Xstrata exercise its Option but not exercise its Bump-Up Right, a Joint-Venture will be formed between the parties with Xstrata having a participating interest of 51% and Freewest 49%.

During the first year of the agreement, Xstrata is required to spend a minimum of $400,000 on exploration and will act as operator on the project.

THE SUNGOLD PROPERTY:

In early 2005, Freewest announced the discovery of high-grade volcanic-hosted copper-zinc sulphides at the Wye Lake occurrence at Sungold. Massive sulphides from the discovery outcrops yielded spectacular assays of up to 12.40% copper and 32.80% zinc. Trenching and diamond drilling have traced stringer-type, semi-massive and massive sulphide styles of copper-zinc mineralization over an intermittent 800 metre strike length. Initial diamond drilling intersected the Wye Lake horizon over widths of 2 to 10 metres, confirming the existence of excellent quality massive sulphides locally, but failed to define a commercial deposit within the area drilled. Highlighting the drill results are intercepts of 6.21% zinc over 4.43 metres, 1.22% copper over 5.78 metres, 5.09% zinc over 2.15 metres and 1.74% copper across 3.00 metres. Despite the modest drill results, exploration remains at a very early stage with drilling only being completed to shallow depths (less than 200 vertical metres).

The Wye Lake occurrence is of exceptional quality and occurs in similar age rocks that host the Geco, Winston Lake, Mattabi and South Bay base-metal deposits in northwestern Ontario. All of these deposits were of excellent grade and were profitable mines for numerous years.

In addition to the volcanic-hosted copper-zinc mineralization, Freewest also discovered an epigenetic style of copper-gold mineralization hosted within highly altered granitic breccia zones. Such zones are structurally controlled and have been traced over a 4.5 kilometre strike length and over widths of up to 400 metres. The breccias contain appreciable chalcopyrite and heavy magnetite as breccia filling while the clasts within it, are characterized by moderate to intense, sodic, hematitic and calcic alteration. Grab samples obtained from the breccias assay up to 6.30% copper and 15.0 g/t gold. Preliminary work and observations are suggestive of an iron oxide-copper-gold (IOCG) style of mineralization.

It is anticipated that Xstrata will complete initial ground geophysical surveys on the Property in preparation for diamond drilling programs slated for the winter or early spring of 2008.

Freewest management stated: "We are very pleased to have Xstrata Copper as a partner in furthering our exploration efforts on the Sungold property. Clearly, we have much to gain benefiting from their technical and financial expertise in exploring for and developing these deposit types."

Freewest is a well-funded mineral exploration corporation exploring for gold, base-metals and uranium in Eastern Canada. Corporate information on the Corporation and on its properties can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director of Freewest Resources Canada Inc. is the Corporation's Qualified Person on the Sungold Property (under National Instrument 43-101) and is responsible for the preparation of this news release.

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

For more information, please contact

Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
514-878-3551 or 1-888-878-3551
514-878-4427 (FAX)
[e-mail]
www.freewest.com

http://agoracom.com/ir/freewest/messages/673501#message

[Fantomas96]

Heute war ja in James Bay ganz schön was los !

Das war aber nur der Vorgeschmack (Gerüchte über BMK-Drilling), wartet erst mal ab, wenn hier wirklich weitere Funde neben Noront gemeldet werden, dann macht der "RING OF FIRE" seinem Namen alle Ehre.


http://finance.yahoo.com/q/cq?s=NOT.V,FWR.V,SPQ.V,KWG.V,UC.V…



Gruß,
Fantomas

[bakerfriend]

Der Goldpreis macht Windfall immer wertvoller. Abseits der Double Eagle Phantasie entwickelt sich bei Noront ein richtiges Schätzchen meineserachtens.
2008 dürfte für Explorer und Juniors vermutlich ein goldenes Jahr werden. Substanz wird sich durchsetzten. Früher oder Später

[mike32]

Probe Mines Identifies Significant Ni-Cu-Ag-Co Soil Geochemical Anomalies on McFauld's West Project, James Bay Lowlands, Ontario



TORONTO, ONTARIO--(Marketwire - Jan. 14, 2008) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB - News) are pleased to announce that geochemical results for a soil sampling program conducted in September 2007 on the Company's 100%-owned McFauld's West Project have been received and indicate significant anomalies in nickel, copper, cobalt and silver, as well as anomalous values in gold. The samples, comprising eight soil samples in a single 350m long profile coincident with the eastern of two magnetic anomalies on Probe's property, are located approximately one kilometer northwest of Noront Resources high-grade nickel-copper-platinum group element (PGE) discovery on their "Ring of Fire" project.
ADVERTISEMENT


The positive results from the soil program support the potential for nickel- and copper-bearing sulphide mineralization on the McFauld's West Project, and the property will be a focus for exploration in 2008.

Significant Nickel-Copper-Silver-Cobalt Anomalies

Within a 200m section of the profile, samples displayed highly anomalous values for nickel, copper, silver and cobalt with response ratios of up to 9.1, 36, 18 and 14.5 times background, respectively, while gold consistently showed values of 4 times background. The results suggest the potential of a buried, sulphide-bearing, mafic-ultramafic intrusive. In addition, results show a strong correlation between nickel and cobalt, while copper, silver and gold also parallel one another. This internal consistency to the data is encouraging as it indicates these elements, typically found in sulphide mineralized mafic-ultramafic intrusives, are traveling together and most likely derived from a unique source.

The samples were analyzed using the Mobile Metal Ion (MMI) technique, which has been shown to accurately locate buried mineral targets in boreal climates. Owing to the nature of the analytical technique, the metal concentrations are calculated as response ratios (times concentration above background), with response ratios of two (2) or more considered anomalous, and response ratios above five (5) considered significantly anomalous. Within the McFauld's data set a number of samples contain significantly anomalous ratios for nickel, copper, cobalt and silver and warrant immediate follow up.

The Company is now planning a ground geophysical program focused on the area containing the coincident geochemical and magnetic anomaly, as well as other geophysical anomalies identified from airborne geophysical surveys. This program will be followed by a diamond drilling program to test the anomalies.

The McFauld's area is receiving considerable attention with the discovery of high-grade nickel-copper-PGE mineralization by Noront Resources. The most recent drilling continues to intersect high-grade nickel-copper-PGE mineralization, with hole NOT07-18 returning 124m averaging 2.39% Ni, 1.09% Cu, 1.12 g/t Pt, 3.86 g/t Pd, 0.28 g/t Au and 3.89 g/t Ag, including an 18.8 meter massive sulphide mineralized interval grading 7.38% Ni, 3.18% Cu, 1.05 g/t Pt, 10.16 g/t Pd, 0.23g/t Au and 8.92 g/t Ag. With Probe's McFauld's West property located only 450m from the discovery zone, management is encouraged by the proximity to this significant discovery and believes there is a potential for this property to also host mineralization. Probe Mines has been established in the McFauld's Lake area since 2003 and also owns the nearby Tamarack property, under option to Mantis Minerals, as well as significant holdings to the east comprising the Victory Project. In addition to Noront's nickel-copper discovery, the McFauld's Lake area is host to numerous volcanic-hosted Cu-Zn discoveries, one of which is located on the Tamarack claims, and management believes the area has the potential to develop into Canada's next major mining camp.

Samples were collected in the field by Probe Mines and sent to SGS Laboratories in Toronto, Ontario where they were analyzed using the MMI-M5 package. David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release.

About Probe Mines:

Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld's Lake area where it owns 931 claims covering almost 15,000 hectares. This includes a 100% interest in the McFauld's West Project, comprised of 12 claims (192 hectares) situated less than 450 metres from the site of Noront's significant new nickel-copper discovery, representing one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Minerals Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, slated for production in 2008. The company's shares trade on the TSX Venture Exchange under the symbol PRB.

Investors are invited to visit the Probe Mines IR Hub at http://www.agoracom.com/IR/Probemines where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

Forward-Looking Statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.

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



Contact:
David Palmer, Ph.D.
Probe Mines Limited
President
[phone]

Karen Willoughby
Probe Mines Limited
Investor Relations
1-866-365-4724
Website: www.probemines.com

Source: Probe Mines Limited


http://biz.yahoo.com/ccn/080114/200801140435870001.html?.v=1

[mike32]

National Post

Interesting find at McFauld's Lake
Posted: January 14, 2008, 1:00 PM by Peter Koven

Mining

The whole mining world got excited last year when an old junior called Noront Resources Ltd. made an amazing high-grade nickel-copper discovery at the McFauld's Lake camp in Northern Ontario. A bunch of other juniors started staking out all the land they could find, and McFauld's looked like it could be the next big Canadian area play. But the stocks have lagged lately as investors wait to see how big the discovery actually is and whether any of the other juniors find something significant.

One of those juniors is Probe Mines Ltd., and the Toronto-based company got investors excited on Monday when it said a soil sampling program at McFauld's identified "significant" anomalies in nickel, copper, cobalt, and silver. The samples came from a 350-metre space about one kilometre northwest of Noront's big find.

Probe shares shot up 40% in morning trading, and the company noted the property will be a "focus for exploration" in 2008. No kidding.

Peter Koven

http://www.stockhouse.com/bullboards/viewmessage.asp?stat_nu…

Das ist der derselbe Peter Koven , der durch eine gezielte Falschmeldung , massgeblichen Anteil am Rückgang des Kurses von NORONT hatte !

gruss mike

[mike32]

Anbei der Link zu #96 , hört sich ja ganz positiv an , vielleicht hilft`s , P.K. hat auch noch eine Menge gutzumachen , obwohl ich nicht daran glaube .

Interesting find at McFauld's Lake
Posted: January 14, 2008, 1:00 PM by Peter Koven

http://network.nationalpost.com/np/blogs/fpposted/archive/20…

[blackwhiteknight]

Antwort auf Beitrag Nr.: 33.050.010 von mike32 am 15.01.08 10:26:08

Hi Mike,

nun Probe in einer Entfernung von 1 km nordöstlich von Noronts Double Eagle.

Mr Koven scheint es zu dämmern, daß die vermutete strike lenght nach Süden von 2 bis 5 km auf Norontgebiet auch stimmen könnte. Zwar ist noch nichts bewiesen, aber die Wahrscheinlichkeit nimmt zu.

Da eine Verbindung von Double Eagle und dem Fund von Probe anzunehmen ist, wird auch NOTs Gesamttonnage nach Nordwesten hin zunehmen.

[mike32]

MacDonald Mines Completes First Phase of Drill Program at McNugget and Joint Venture Properties With Temex Resources and Hawk Uranium
Monday January 21, 8:00 am ET




TORONTO, ONTARIO--(Marketwire - Jan. 21, 2008) - MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK - News; "MacDonald Mines" or the "Company") is pleased to announce the completion of its Fall 2007 drill program at the McNugget and Hornby Properties in the James Bay Lowlands.

ADVERTISEMENT


A total of twelve diamond drill holes, totaling 2,067 metres have been completed. The Company chose these targets from a large number of high quality airborne anomalies identified from the previous airborne survey. The Temx-Baltic JV Property with the exception of targets close to the Noront discovery await the results from the current airborne survey.

The following synopsis offers an analysis of each hole drilled.

The McNugget Property, which is 100% owned by the Company, accounted for 5 holes, totaling 634 metres. The MacDonald - Hawk Uranium joint venture property accounted for 5 holes totaling 1,089 meters while the Hornby Property (50% owned by MacDonald Mines in a joint venture with Temex) consisted of 2 holes totaling 344.metres.

Drilling on the 100% owned McNugget Property tested 5 separate targets.

Target N-1 (MacDonald-Temex) displayed a strong magnetic signature with a weak but coincident airborne EM response. Ground surveys confirmed this geophysical signature and drill hole MN07-46 tested the anomalous zone. It encountered peridotite throughout its 170 meter length. The magnetic response is caused by finely disseminated magnetite while the EM response is believed to be caused by very finely disseminated sulphides that carry elevated nickel values throughout its length. Assays are pending.

Target N-2 (MacDonald-Temex) displayed a weak to moderate isolated AEM response with a coincident magnetic response. Drill hole MN07-48 intersected gabbro throughout its length. The magnetic response was caused by disseminated magnetite while the EM response is believed to be caused by sulphide stringers seen from 24 to 63 meters. No assays of economic interest were returned.

Target N-30 (MacDonald-Hawk J.V.) displayed a series of weak to moderate AEM anomalies over a strike length of 900 meters that had a coincident magnetic anomaly associated with it. Drill hole MN07-49 encountered gabbro throughout its 213 meter length. Disseminated to massive magnetite over short intervals explained the magnetic anomaly while fracture filled sulphides accounted for the EM response. No assays of economic interest were obtained from extensive sampling.

Target N-32 was defined over a strike length of 2.4 kilometers displaying AEM anomalies that are ranked from weak to very strong. The EM responses are interpreted to be caused by massive sulphides. Hole MN07-47 intersected felsic volcanic rocks hosting massive sulphide from 68.4 to 70.5 meters and stringer sulphides from 70.5 to 84.6 meters. Complete assay results are pending.

Target N-34 appeared to be on the same stratigraphic horizon as Target N-30. It displayed a weak AEM response with a coincident magnetic anomaly. Hole MN07-50 intersected gabbro and anorthosite along with felsic intrusive rocks. Massive magnetite was intersected over widths varying from 0.4 to 2.6 meters within the gabbro and anorthosite. Sulphides occupying fractures explains the EM response. There were no assays of economic interest returned.

Target N-23 was defined over a strike length of 2.0 km with individual EM anomalies ranging from weak to very strong. Gabbro was encountered through the length of Hole MN07-52. Assays are pending.

Target N-25 was tested with three drill holes. The target is defined over a strike length of 1000 meters with AEM responses varying from weak to strong. Hole MN07-39 that intersected 0.36% Ni over 4.5 meters and 0.26% Ni over 27.0 meters previously tested this anomaly. Holes MN07-51 and 53 (MacDonald-Hawk J.V.) tested a strong ground EM response and intersected a sequence of gabbro and granite. However, the EM anomaly was not explained by either hole and further study is required. Assays are pending. Hole MN07-54 (MacDonald-Hawk J.V.) tested the anomaly a further 100 meters to the NE but again the EM anomaly is not adequately explained. Assays are pending.

Hole MN07-55 (MacDonald-Hawk J.V.) tested target N-26 which exhibits a strong AEM response with a coincident magnetic anomaly. The hole intersected gabbro and minor granite throughout its length. Disseminated magnetite was encountered over significant core widths. Sulphide stringers explain the EM response. Assays are pending.

Holes H-07-01 and 02 tested EM anomalies on the Hornby Property that is located approximately 6 km to the east from the Noront discovery. Ground EM surveys defined a strong response with a coincident magnetic anomaly. The hole intersected banded to semi-massive to massive sulphides mostly in the form of pyrite and pyrrhotite over approximately 15 meters, hosted by metasediments. Assays are pending.

Hole H-07-02 tested an EM anomaly further to the east of H07-01 which also displayed a moderate magnetic anomaly. The hole intersected tuff and chert throughout its length. Sulphide bands of pyrite and pyrrhotite were reported over a 20 meter interval of tuff. Assays are pending.

The Company is eagerly anticipating the remainder of the laboratory results so that it can complete its geological analysis and begin field work in preparation for the next drill campaign at the McNugget and its other joint venture properties which will commence in the first quarter of 2008. Once the Company has received the final assay results from the 2007 program, they will be published.

Kirk McKinnon, President and CEO of MacDonald Mines, commented:

"The drill results to date are encouraging and we continue to intersect mineralization in most of the holes, confirming our belief that the Company is exploring in a highly mineralized belt."

"We are very pleased to announce that a major drill program on MacDonald and Joint Venture ground with Temex Resources, Baltic Resources and Hawk Uranium will commence in February. We will be moving a second drill into the area in early March and anticipate that MacDonald Mines along with 5 or 6 other companies will be fully engaged in winter/spring drill programs."

"We anticipate that the current airborne survey will produce multiple geophysical targets on both the MacDonald Mines and Joint Venture ground. Equally important to note, MacDonald Mines still has very good targets on the McNugget, Big Mac and the Joint Venture Property with Hawk Uranium that were identified from its previous airborne survey and still must be drill tested."

"Our airborne geophysical surveying, after some initial delays, is now utilizing three helicopter-borne systems, two from Fugro and one from GeoTech, in order to make up for lost time in the latter part of 2007. This data is currently being processed and we are confident that we will have a significant number of high priority targets to do follow-up work. Immediately after the receipt of the remaining analysis of core samples, Bill Nielsen P.Geo., Director will prioritize the geophysical targets. This will be followed by line cutting of control grids and ground geophysics with testing of priority targets by diamond drilling following immediately thereafter."

"It should be noted as well, that the total area is being blanketed by airborne geophysical surveys that will fly, in our estimation, in excess of 60,000 line kilometres. Equally important is the fact that these surveys will all be flown at 100 meter spacings and consequently, the data will be excellent and target selections will be generated from very high quality information."

"We continue to look to Noront's success and anticipate that MacDonald Mines and the many other companies exploring in the area will encounter drilling success to augment Noront's very significant nickel/precious metal discovery. In my view, the next six months will be very telling as I would estimate in the excess of 70 drill holes from all companies involved will explore their most promising targets."

Core samples have been sent to, and assays will be completed by ALS Chemex in Thunder Bay. Reference standards and blanks were inserted into the sample streams as part of a QA/QC program to ensure accurate results.

For an updated claim map of all mining and exploration activity in the James Bay Lowlands as provided by Intierra Mapping, please visit our website at www.macdonaldmines.com and click on the thumbnail "January 2008 McFauld's Lake Claim Map".

This news release has been prepared under the supervision of Bill Nielsen, P.Geo., Director, who is the designated qualified person for the technical information contained in this press release.

Field exploration is managed by Randall Salo, P.Geo., in consultation with Bruce Durham, P.Geo. of Temex Resources Corp. as it pertains to the MacDonald Mines-Temex Joint Venture Property.

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

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



Contact:
Brent Nykoliation
MacDonald Mines Exploration Ltd.
Director, Business Development
1-800-818-5442 or [phone]

J. A. Kirk McKinnon
MacDonald Mines Exploration Ltd.
President and CEO
1-800-818-5442 or [phone]

Richard Schler
MacDonald Mines Exploration Ltd.
Vice President & CFO
1-800-818-5442 or [phone]
[phone] (FAX)
Email: [e-mail]
Website: www.macdonaldmines.com


--------------------------------------------------------------------------------
Source: MacDonald Mines Exploration Ltd.

http://biz.yahoo.com/ccn/080121/200801210437295001.html?.v=1

[Fantomas96]

Aktuelle Area Map James Bay (von FWR in Toronto Show ausgegeben):


http://img113.imageshack.us/img113/1226/slakejamesbaylowland…







Gruß,
Fantomas

[Fantomas96]

Hallo Mike,

ich stelle den Artikel hier der Vollständigkeit halber auch mal rein:





http://biz.yahoo.com/iw/080129/0354017.html


Investorideas.com Reports on Resource Companies in the McFaulds Lake Area -- the Next Big Base Metal Play?


Tuesday January 29, 9:00 am ET


Who's on Base?... Noront Resources Ltd, MacDonald Mines Exploration Ltd., Hawk Uranium Inc., KWG Resources Inc., Spider Resources Inc. and a Growing List of Juniors


POINT ROBERTS, WA and DELTA, BC--(MARKET WIRE)--Jan 29, 2008 -- www.InvestorIdeas.com, a leading global investor and industry research resource portal covering mining stocks, reports on the McFaulds Lake Area, a highly followed base metal play. The McFaulds "Ring of Fire" will be one of the plays discussed in the third Investor Ideas online investor mining conference to be held February 27, 2008, themed: "The Global Hunt for Commodities - Finding the Next Big Play in Mining Stocks."

In a volatile market, investors continue to speculate on one of the hottest potential mining plays to come around in a while and the juniors are lining up to follow the money.

A growing number of resource companies have joined Noront Resources Ltd (CDNX:NOT.V - News) in the McFaulds Lake "Ring of Fire" area including : MacDonald Mines Exploration Ltd. (CDNX:BMK.V - News), KWG Resources Inc. (Market, News), Spider Resources (Market, News) and Hawk Uranium Inc. (CDNX:HUI.V - News).

Hawk Uranium Inc. (CDNX:HUI.V - News) will be one of many publicly traded mining companies presenting with leading industry resource experts, in the upcoming Investorideas.com online investor conference.

Hawk's President Vance White commented regarding their McFaulds properties, "We are very pleased to have an opportunity to be part of the McFaulds 'Ring of Fire' play by participating with the two major players in the area. We have had a long standing relationship with the principals of both Noront and MacDonald. Both companies have excellent management teams and exploration personnel."

"I believe that the Noront discovery will become a very significant discovery and the McFaulds district; a significant new mining district. This entire play will evolve over the next few years. One must remember that this area of Northern Ontario is a very under explored area and with the advent of modern geophysical techniques and equipment a number of new discoveries could well come out of the area. Also with the construction of the road into the DeBeers Victory diamond mine one will have greater and easier access to the area."

Brent Nykoliation, Director of Business Development, MacDonald Mines Exploration (CDNX:BMK.V - News), noted, "We are very pleased to announce that a major drill program on MacDonald and Joint Venture ground with Temex Resources, Baltic Resources and Hawk Uranium will commence in February. We will be moving a second drill into the area in early March and anticipate that MacDonald Mines along with 5 or 6 other companies will be fully engaged in winter/spring drill programs."

He went on to say, "We anticipate that the current airborne survey will produce multiple geophysical targets on both the MacDonald Mines and Joint Venture ground, Equally important to note, MacDonald Mines still has very good targets on the McNugget, Big Mac and the Joint Venture Property with Hawk Uranium that were identified from its previous airborne survey and still must be drill tested."

In any sector -- it's wise to research who is investing the "smart money." In the center of this play is IBK Capital Corp. of Toronto, who has provided private placements for several of the key players, starting with Noront Resources: $35 million, in addition to MacDonald Mines: $10.5 million, Hawk Uranium: $2 million, Spider Resources: $2.76 million and Seafield Resources: $0.85 million. IBK continues to raise funds for other companies active on the Ring.

According to Michael White, Vice President of IBK Capital, "Noront's Eagle One deposit is a world class nickel-copper-platinum-palladium discovery. Results to date are very encouraging and warrant substantial follow-up by Noront and others in this area now dubbed the Ring of Fire. The Ring of Fire is three times the size of the Sudbury Basin and will require considerable funding for exploration going forward. The combined budgets of companies exploring on the ring already total $60 million for 2008 and we believe $250 million will be spent on exploration over the next five years. We are delighted to be involved with this world class discovery and pleased to provide investment banking services to strong management teams committed to the area. To date we have raised over $50 million dollars for companies active on the Ring of Fire."

The Company that made the area known to investors, Noront Resources Ltd., is also the most aggressive in the area, reports the company.

According to Noront's President, Richard Nemis, "Many investors and Mining Analysts have indeed compared Noront's Eagle One Nickel-Copper-PGE discovery to other significant historical mining plays in Canada, including; Voisey's Bay and Hemlo. This project, although only a few months old, has already attracted the attention of many new investors while rewarding old investors for their support of Noront over many, many years. The discovery has raised the eyebrows of many senior explorers that are watching from a distance, the developing exploration play by many 'Bay Street juniors' as these company's assemble strategic land positions around the Ring of Fire. This comparison is likely due to the market attention, as well as the staking rush that has happened over the past 3 or 4 months in this isolated region of Northern Ontario, however the comparison is not likely to do with the geology of these two world class mining projects, as the geology of the Eagle One occurrence is quite different from that of Hemlo or Voisey's Bay. Eagle One is a magmatic massive sulphide, bearing some genetic similarities to Voisey's Bay, however, Eagle One has quite high levels of Platinum and Palladium along with the high nickel and copper content, the likes of which are not seen in Voisey's Bay Cu-Ni-Co deposits. Noront would compare the geology and mineralization to that of the many Ni-Cu-PGE occurrences and deposits (including Xstrata's Raglan deposit) in the Ungava Region, Northern Quebec, where similar grades of these base and precious metals are found."

"Noront is currently the most aggressive company in the area with respect to drilling, geophysical surveying, and land acquisition (staking claims and optioning properties that have been assembled or maintained by other explorers in the area). Noront is looking at the Double Eagle project as a regional play, has commenced a region wide airborne survey, the scope of which will rival those done in the past in the other historical areas mentioned above. Based upon information from this survey, Noront will be prioritizing anomalies for ground geophysical and drill test follow-up, starting in early 2008. The drilling will continue on the Eagle One occurrence and in its immediate surrounds, until this occurrence is understood well enough to prepare a preliminary resource estimate. Eagle One will be used as a model by Noront, to look for other look alikes in the immediate vicinity, and as such, the detailed geophysical and geochemical signatures from our ground work will be kept confidential and in-house. This will provide an exploration advantage to Noront in the area over the some of the competition that is new to the area, perhaps prompting others to join forces (JV) with Noront. Noront anticipates a very aggressive exploration campaign throughout 2008 that will hopefully translate into an increase in the shareholder value in the company."

Another name in the "Ring" is Pinetree Capital, (Market, News) who has purchased shares of several junior mining companies exploring the McFaulds Lake, including Noront Resources and MacDonald Mines Exploration.

Other companies with properties in the area include Fancamp Exploration Ltd., Goldeye Explorations Limited, 50:50% Joint Venture Partner, Tribute Minerals Inc and Probe Mines.

For investors following the McFaulds play, follow the leader, Noront, for results and follow the money to see if further capital is invested in the area. Time will tell if this is another historic mining play in Canadian history.

The upcoming online mining conference, "The Global Hunt for Commodities - Finding the Next Big Play in Mining Stocks," is free to investors with registration.

http://www.investorideas.com/Forums/Portals/resources3.aspx

About InvestorIdeas.com:

InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing. About our Mining Portals: www.Gold-MiningStocks.com and www.MiningSectorStocks.com, portals within the InvestorIdeas.com content umbrella feature industry and stock news, exclusive articles and financial columnists, Podcasts, investor conferences and a directory of stocks in the sector. Industry participants are invited to submit news, articles and research:

http://www.gold-miningstocks.com/NewsUploader/Submission.asp…

Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. The site is compensated by featured companies, news submissions and online advertising. Conference Disclaimer: InvestorIdeas.com is paid a one-time fee of $1000, by participating public companies. All descriptions are provided by participants. All companies agree to adhere to regulatory policies



Contact:
For more information contact:
Dawn Van Zant:
800-665-0411
Email Contact


Gruß,
Fantomas

[mike32]

Antwort auf Beitrag Nr.: 33.208.621 von Fantomas96 am 29.01.08 23:54:43

Goldeye Explorations & Tribute Minerals Increase Land Holdings in the James Bay Lowlands 'Ring of Fire'
1/30/2008

TORONTO, ONTARIO, Jan 30, 2008 (MARKET WIRE via COMTEX News Network) --
Tribute Minerals Inc. ("Tribute" or the "Company") (TSX VENTURE: TBM) is pleased to announced that the Tribute and Goldeye Explorations Limited ("Goldeye") Joint Venture has increased its land holdings in the James Bay Lowlands 'Ring of Fire' region, where Noront Resources has made a significant Nickel, Copper, Gold, & Platinum Group Mineral discovery. The JV land interests have now reached 24,000 Acres.

Goldeye and Tribute are pleased to announce that they continue to expand their already significant land package in the 'Ring of Fire', most recently adding a further 16,000 acres to the previously announced 8,000 acres for a total of 24,000 acres. Staking in the area continues as the JV focuses its efforts on an area with a significant structure exhibiting a 90 degree flexure on the western end of the "Ring of Fire". Magnetic anomalies similar to that associated with the Double Eagle Ni/Cu/PGM discovery have been targeted within this flexure. The properties acquired are in the vicinity of, or contiguous with, MacDonald Mines original MacNugget property.
Further information will be forthcoming in a timely manner as the Company follows the established protocol in the region.

Blaine R. Webster, P. Geo., President and CEO of Goldeye, and William S. Hamilton, P. Geo., geological consultant, are the qualified persons as defined by National Instrument 43-101 who supervised the preparation of the technical information contained in this press release.

For further information please contact Goldeye at 905-886-2538 or Tribute at 416-368-2929.

The Company currently has 75,654,397 common shares issued and outstanding.

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

Contacts: Tribute Minerals Inc. Ian Brodie-Brown President and C.E.O [phone] [phone] (FAX) Email: [e-mail] Website: www.tributeminerals.com

SOURCE: Tribute Minerals Inc.

mailto:[e-mail] http://www.tributeminerals.com


http://www.stockhouse.com/news/news.asp?newsid=6322587&tick=…

Habe doch gesagt , das da was im Busch ist ! RN wird`s schon machen !

gruss mike

[mike32]

Probe Mines Commences Fieldwork on Its McFauld's West Project, James Bay Lowlands, Ontario
Wednesday January 30, 7:00 am ET



TORONTO, ONTARIO--(Marketwire - Jan. 30, 2008) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB - News) are pleased to announce that fieldwork has commenced on the Company's 100%-owned McFauld's West Project, located immediately north of Noront Resources' high-grade nickel-copper-platinum group element (PGE) discovery in the McFauld's Lake area. Fieldwork will consist of grid establishment followed by a ground geophysical survey employing Insight Geophysics' deep penetrating Resistivity/Induced Polarization system. The Insight survey will have an effective depth penetration of up to 400 metres, and will cover two priority magnetic anomalies identified on Probe's claims.
ADVERTISEMENT


One of these magnetic targets has a coincident nickel-copper-cobalt-silver-gold soil geochemical anomaly recently delineated by Probe. The soil geochemical survey returned a consistent anomalous profile of base and precious metal response ratios of up to 9.1, 36, 18 and 14.5 times background, for nickel, copper, silver, cobalt respectively, while gold consistently showed values of 4 times background. The Mobile Metal Ion (MMI) technique employed for the analysis considers values of 2 anomalous and values of 5 significantly anomalous.

The program is expected to be completed in February and is designed to identify zones of anomalous conductivity and/or polarization for the upcoming winter drill program. The geophysical survey will be read as an initial gradient survey, which will be used to identify areas for the deep-penetrating Insight sections. The Insight technique uses a proprietary IP array providing high-density readings and better resolution of the IP/Resistivity signature than traditional surveys. This will allow more accurate target location for the drilling program.

Owing to the presence of coincident magnetic and geochemical anomalies, management believes this ground geophysical program will be effective in evaluating the potential of the property to host magmatic massive sulphide mineralization (and/or disseminated mineralization) similar to that discovered by Noront Resources.

The McFauld's area is receiving considerable attention with the continuing reports of high-grade nickel-copper-PGE mineralization on Noront Resources Eagle One property. The most recent drilling intersection returned the highest grade material to date averaging 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver over 46.6 meters. Located only 450m from the Eagle One zone, management is encouraged by the proximity of the McFauld's West property to this significant discovery and believes there is a strong potential for the property to also host mineralization. Probe Mines has been established in the McFauld's Lake area since 2003 and also owns the nearby Tamarack property, under option to Mantis Minerals, as well as significant holdings to the east comprising the Victory Project. In addition to Noront's nickel-copper discovery, the McFauld's Lake area is host to numerous volcanic-hosted Cu-Zn discoveries, one of which is located on the Tamarack claims, and management believes the area has the potential to develop into Canada's next major mining camp.

About Probe Mines:
Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld's Lake area where it owns 931 claims covering almost 15,000 hectares. This includes a 100% interest in the McFauld's West Project, comprised of 12 claims (192 hectares) situated less than 450 metres from the site of Noront's significant new nickel-copper discovery, representing one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Minerals Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, slated for production in 2008. The company's shares trade on the TSX Venture Exchange under the symbol PRB.

Investors are invited to visit the Probe Mines IR Hub at http://www.agoracom.com/IR/Probemines where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

To find out more about Probe Mines Limited, visit our website at www.probemines.com.

Forward-Looking Statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.

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



Contact:
David Palmer, Ph.D.
Probe Mines Limited
President
[phone]

Karen Willoughby
Probe Mines Limited
Investor Relations
1-866-365-4724
Website: www.probemines.com



Source: Probe Mines Limited




http://biz.yahoo.com/ccn/080130/200801300439017001.html?.v=1

[mike32]

Southampton Announces Initial Share Issuance under Option Agreement with Noront Resources Ltd.

TORONTO, ONTARIO--(Marketwire - Feb. 1, 2008) - Southampton Ventures Inc. (TSX VENTURE:SV) ("Southampton") announces that it has issued 266,667 common shares to Noront Resources Ltd. ("Noront") pursuant to their previously announced option agreement (the "Agreement"). The common shares represent the initial payment due under the Agreement toward the earning by Southampton of a 50% interest in 12 claim blocks (covering a total of 168 units or approximately 6,720 acres) in the "Ring of Fire", McFauld's Lake, Ontario, approximately 25 km. northeast of Noront's Eagle One discovery.

The common shares are subject to a four-month hold period which will expire on June 1, 2008.

ABOUT SOUTHAMPTON

Southampton is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of nickel, molybdenum, uranium and other minerals, through its 95% ownership of the Horden Lake Copper-Nickel Deposit in Quebec, its option to earn up to a 100% interest in the Devonian shale hosted nickel-molybdenum-zinc-platinum group elements property known as the NiMo Project located in the Yukon and its Nigerien uranium concessions.

For further information please visit Southampton at www.southamptonventures.com.


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

For more information, please contact

Southampton Ventures Inc.
Mr. Richard Patricio
Corporate Secretary
[phone]
Email: [e-mail]

or

Southampton Ventures Inc.
Ms. Julie Lassonde-Gray
VP Corporate Development
[phone]
Email: [e-mail]
Website: www.southamptonventures.com



http://www.marketwire.com/mw/release.do?id=816599

[mike32]

Hi BWK ,

Deine Entscheidung bzgl. SPQ , wir immer richtiger !

good set of eyes”...
Posted by: kelsee on February 02, 2008 03:20PM


…I have a challenge to any Spider investor out there with a little time on their hands and a “good set of eyes”, using the map below (taken from the Noront website) count up the number of claim blocks SPQ holds in all with their JV partners, following the color codes provided in the legend,


1) SPQ/UC/KWG

2) SPQ/FWR/KWG

3) SPQ/KWG/Renforth (symbol pending)

4) SPQ/KWG








…I think we all know that Noront is the largest holder of prime real estate in the James Bay Lowlands, but who is #2 or 3, you will also have to count up who you think will be a contender, actually, who are the top three holders….my eyes are going wacky, I couldn’t do this today. I hope somebody takes this on, would be great to know this for sure… and as always, to all SPQ hubbers, best… kelsee

http://www.agoracom.com/ir/Spider/messages/717089#message

gruss mike

[mike32]

Claimnumbers for Spider and JV's
Posted by: Helium on February 02, 2008 06:28PM


Freewest / Spider / KWG Resources JV 3008268 ...


http://www.agoracom.com/ir/Spider/messages/717176#message

[mike32]

good set of eyes”...
Posted by: Helium on February 02, 2008 05:35PM

Northern Shield Resources 319
Noront Resources 259
Temex Resources 147
Temex / MacDonald JV 138
UC / Spider / KWG Resources JV 133
Aurora Platinum Corporation 115
Metalex Ventures 100
MacDonald Mines 99
Trigon Uranium Corp. 89
Probe Mines / Canstar Resources 74
Thomas Roger, Dudley 68
James Bay Resources Ltd 48
Alberta Ltd. 45
Goldey / Tribute 40
Baltic Resources 39
Greenstone Exploration Ltd. 26
Noront Resources / WSR Gold JV 26
Renforth / Spider / KWG Resources JV 25
Spider / KWG Resources JV 25
Noront Resources / Southampton JV 12
Noront Resources / Hawk Uranium 10
Vale Inco Ltd. 8
Hawk Uranium 7
Freewest / Spider / KWG Resources JV 5
Fancamp Exploration 4
Freewest Resources 4

can also give you for each number every single claimnumber, its UTM location, history, etc...

The data is based on the different maps posted on the websites of the companies involved and the information obtained from the website of the Ontario Ministry of Northern Development of mines.

For the last couple of weeks I gathered all the information possible on every DE player (20) and put it into a database (excel-file). It is near completion and I will try to post it on Agoracom. BTW, anyone know how to put a file (word, excel...) other than Jpeg on the forum?

What to expect:

for each company, all the newsreleases of the last couple of years ( for some going back to 2000).

A newly constructed map, based on the information from Ontario's Ministry, fully accessible with all the features of excell (search specific claim, zoom in/out, editable,...)

A list of all the claimholders with the claims, each claim is a hyperlink dat redirects you directly to the website of Ontario, to see it's history (holder, staker, handover,...).

The purpose of the database is to make it interactive. When, in the near future, 10 to 15 drills are turning on McFaulds and news on assays is flowing in, i think it will become necessary to put it all together in a single file, for easy access.Enough for now, more to come

Helium

http://www.agoracom.com/ir/Spider/messages/717145#message

[Fantomas96]

Antwort auf Beitrag Nr.: 33.255.654 von mike32 am 03.02.08 19:24:18

Hallo Mike,

die Anzahl der Claims ist nicht so entscheidend wie das mögliche Potential eines ökonomischen Fundes.

Ich glaube, die Auswertung der neuen AeroTEMS wird zeigen, wer hier auf "wertvollem" Land sitzt.

Und ich glaube, einige werden sich freuen können bzw. freuen sich jetzt schon.

P.S.: Was soll die rote Linie in der von Dir geposteten Karte ? Könnte ein interessanter Hinweis sein ?!

Gruß,
Fantomas

[Fantomas96]

Antwort auf Beitrag Nr.: 32.093.184 von Fantomas96 am 20.10.07 13:58:40

http://biz.yahoo.com/ccn/080204/200802040439969001.html?.v=1


KWG, Spider and Freewest Start Winter Exploration Program McFauld's Lake Area, Northern Ontario

Monday February 4, 9:23 am ET


TORONTO, CANADA--(Marketwire - Feb. 4, 2008) - KWG Resources Inc. (TSX VENTURE:KWG - News) and Spider Resources Inc. (TSX VENTURE:SPQ - News) and Freewest Resources Canada Inc. (TSX VENTURE:FWR - News) are pleased to announce the start up of their 2008 winter exploration program on the Freewest option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences of KWG and Spider and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s Eagle One Magmatic Massive Sulphide ("MMS") discovery in the James Bay Lowlands region of Northern Ontario.

The joint venture partners (KWG and Spider) last completed field work on this property in 2006, that included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel-enriched peridotite (See press release dated March 7, 2006). Assay results received later (see press release dated June 29, 2006) confirmed that the layering within this peridotite was enriched in chrome and nickel, as well as Platinum Group Elements ("PGE's"). The 2006 winter exploration program was highlighted by the discovery of two massive chromitite layers hosted within peridotite, encountered while drilling ground geophysical anomalies targeting volcanic-hosted massive sulphide deposits (drill hole FW-06-03). The drilling returned the following assays:

----------------------------------------------------------------------
Upper Chromitite Layer Lower Chromitite Layer
----------------------------------------------------------------------
22.70% chrome, 0.17 g/t 23.70% chrome, 0.21 g/t
platinum, 0.24 g/t palladium platinum, 0.46 g/t palladium
over 1.05 metres(1) over 0.60 metres(1)
----------------------------------------------------------------------

(1) Assays performed by ALS Chemex of Vancouver, B.C. utilizing multi-acid
ICP techniques for low and higher grades on samples selected, bagged
and tagged and sent by bonded courier to the lab, under the supervision
of Howard Lahti Ph.D. P.Geo. of Fredericton New Brunswick.


Subsequent re-analyses of selected samples and some additional assaying of the drill core from the 2 chromitite layers and intervening wall rock in the peridotite was later completed by Actlabs. The analyses yielded the following results:




----------------------------------------------------------------------
Upper Chromitite Layer Lower Chromitite Layer
----------------------------------------------------------------------
23.40% chrome, 0.19 g/t 18.60% chrome, 0.23 g/t
platinum, 0.21 g/t palladium, platinum, 0.48 g/t palladium,
0.32 g/t ruthenium, 0.05 g/t 0.30 g/t ruthenium, 0.05 g/t
rhodium, 0.12% nickel rhodium, 0.13% nickel
over 1.03 metres(2) over 0.85 metres(2)
----------------------------------------------------------------------

(2) Assays performed by Actlabs of Ancaster, Ontario, utilizing INAA for
chrome, sodium peroxide fusion and ICP analysis for nickel and nickel
sulphide fire assay technique for PGE's on samples selected, bagged and
tagged and sent by bonded courier to the lab, under the supervision of
Howard Lahti Ph.D. P.Geo of Fredericton New Brunswick overseeing the
lab to lab delivery of samples.


The additional assaying completed on the entire mineralized zone in the peridotite, including the upper and lower chromitite layers, yielded 4.05% chrome and 0.17% nickel over a core length of 16.85 metres. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and is strongly magnetic. This magnetic-high feature measures 400 metres by 400 metres at its surface expression. Due to these dimensions and the peridotite-hosted similarity to Eagle One, the target is compelling for further sampling for chrome-PGE-nickel mineralization.

Under the terms of an agreement with Freewest (see press release December 19, 2005), Spider and KWG must spend an aggregate of $3.0 million on exploration over a four-year period to earn an initial joint 50% interest in the Property. They may earn a cumulative joint 60% interest in the Property by delivering a bankable feasibility study on any mineralization identified and subsequently a cumulative joint 65% interest, by arranging financing on behalf of Freewest to put the Property into commercial production. An initial $200,000 needed to be expended on the property by February 28, 2006. The early 2006 work program covered this initial earn-in allowing the option to continue where an additional $2.8 million needs to be expended prior to the end of October 2009 to complete the initial option requirement to earn 50% in this project from Freewest. KWG and Spider are in agreement and are sharing the cost of the current program on a 50:50 basis, each contributing an additional $1.08 million to the project for a total exploration expenditure of $2.16 million to be incurred in the current program (estimated to be completed by May 2008). Both parties are well funded to complete this program.

The initial field crew arrived on site in late January and commenced re-identification of the claim boundaries prior to starting a detail line-cutting program. A property-wide grid with 200 metre line spacing is currently being established, initially focussing on the western portion of the property covering the peridotite in the vicinity of 2006 drill hole FW-06-03, where the grid will be detailed at 100 metre spaced lines. Upon completion of the detail grid area, horizontal loop electromagnetic (HLEM), along with Magnetic and VLF electromagnetic ground surveying will be completed. Drilling is scheduled to start during February, once the initial geophysical surveying is complete. Initial holes will test the layered peridotite and explore this exciting occurrence for its MMS potential. Preliminary maps produced from the recent Aerotem2 airborne survey have been reviewed and are being used to plan the exploration of the remainder of the property. Several other similar anomalies are evident in this early interpretation, however, these need to be confirmed by review of the data in the final airborne survey report. The parties have retained Billiken Management Services Inc for the provision and management of all field operations.

Mousseau Tremblay, Ph.D., P.Geo, Chairman of KWG Resources Inc. and a Qualified Person as such term is defined under National Instrument 43-101, has reviewed and verified the technical information contained in this press release and has approved the contents of this press release.

Shares issued and outstanding: 262,863,821

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



Contact:
Frank C. Smeenk
KWG Resources Inc.
President and CEO
416-642-3575
514-866-6193 (FAX)

Michel Cote
KWG Resources Inc.
Director
514-866-6001 - Ext. 266
514-866-6193 (FAX)
www.kwgresources.com


--------------------------------------------------------------------------------
Source: KWG Resources Inc.


Gruß,
Fantomas

[mike32]

SPIDER PLAYBOOK...
Posted by: kelsee on February 04, 2008 09:26PM


...leave me in front of a computer for any extended period of time and ... well anyway, I hope this is useful for you guys/gals, kinda just sums it all up for now... best, kelsee (playbook - in honor of that fantastic super bowl. lol)

SPIDER PLAYBOOK



1st Edition – Feb. 4th, ’08 (and maybe last, lol)



Spider Plays in McFaulds:


1) SPQ/KWG/FWR – JV earn-in percentages:

a. SPQ – 32.5%

b. KWG – 32.5%

c. FWR – 35%



**the latest on this joint venture:

http://www.marketwire.com/mw/release.do?id=817086


2) SPQ/KWG/UC – JV earn-in percentages:

a. SPQ - 30%

b. KWG - 15%

c. UC - 55%



**UC is continuing to fund the exploration of this VMS camp by initially concentrating their efforts on the McFaulds #3 and #1 occurrences, then they advise that they will be looking at completing additional exploration on the other occurrences as the program progresses, through year two, three and four of the agreement.

*we await the official commencement/announcement of the winter/spring ’08 drilling program



3) SPQ/KWG/Renforth – JV earn-in percentages:

a. SPQ - 30%

b. KWG - 15%

c. Renforth – 55%



**drill program status:

http://www.agoracom.com/ir/Spider/messages/715503



4) SPQ/KWG – JV percentages:

a. SPQ - 50%

b. KWG - 50%



**’08 drilling program yet to be announcement



ACCESS LINK BELOW TO VIEW McFAULD’S CLAIMS MAP:

http://www.spiderresources.com/Mcfauld's_125k_Dec26_Geology…
diese URL in das Adressfenster kopieren (kleine Map)






http://www.agoracom.com/ir/Spider/messages/718754#message

[mike32]

http://biz.yahoo.com/ccn/080205/200802050440190001.html?.v=1


Probe Mines Announces $2,000,000 Non-Brokered Private Placement With the MineralFields Group to Explore McFauld's Lake Project
Tuesday February 5, 7:00 am ET


TORONTO, ONTARIO--(Marketwire - Feb. 5, 2008) -

The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB - News; "Probe") are pleased to announce a proposed non-brokered private placement financing with the MineralFields Group of up to $2,000,000 through the sale of up to 2,666,666 Flow-Through Units at $0.75 per Unit, subject to regulatory approval and closing. Each Unit consists of one flow-through common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share for $1.50 for a period of 24 months from the closing of the transaction (the "Closing Date"), provided, however, that should Probe's shares close on the TSX Venture Exchange for a period of 20 consecutive trading days at a price of $2.00 per share or higher during the exercise period, Probe may accelerate the expiry time to 30 calendar days from the date express written notice is provided by Probe to the holder by way of registered mail. All securities issued in conjunction with the offering will be subject to a hold period, which expires four months after closing.
ADVERTISEMENT


Proceeds of the financing will be used to fund exploration on the Company's McFauld's Lake West Project, located immediately north of Noront Resources' high-grade nickel-copper-platinum group element (PGE) discovery in the McFauld's Lake area. The exploration program is described in detail in Probe's January 30, 2008 Press Release (2/2008).

"We are very pleased to be continuing our relationship with MineralFields Group", said Dr. David Palmer, President and CEO. "This is an important milestone in the growth of Probe Mines Limited and we look forward to working with MineralFields Group as we develop our holdings in the McFauld's Lake region."

The McFauld's area is receiving considerable attention with the continuing reports of high-grade nickel-copper-PGE mineralization on Noront Resources' Eagle One property. The most recent drilling intersection returned the highest grade material to date averaging 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver over 46.6 meters. Located only 450m from the Eagle One zone, management is encouraged by the proximity of the McFauld's West property to this significant discovery and believes there is a strong potential for the property to also host mineralization. Probe Mines has been established in the McFauld's Lake area since 2003 and also owns the nearby Tamarack property, under option to Mantis Minerals, as well as significant holdings to the east comprising the Victory Project. In addition to Noront's nickel-copper discovery, the McFauld's Lake area is host to numerous volcanic-hosted Cu-Zn discoveries, one of which is located on the Tamarack claims, and management believes the area has the potential to develop into Canada's next major mining camp.

About MineralFields, Pathway and First Canadian Securities®:

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities®, a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

About Probe Mines:

Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld's Lake area where it owns 931 claims covering almost 15,000 hectares. This includes a 100% interest in the McFauld's West Project, comprised of 12 claims (192 hectares) situated less than 450 metres from the site of Noront's significant new nickel-copper discovery, representing one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Minerals Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, slated for production in 2008. The company's shares trade on the TSX Venture Exchange under the symbol PRB.

Investors are invited to visit the Probe Mines IR Hub at http://www.agoracom.com/IR/Probemines where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com.

Forward-Looking Statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.

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



Contact:
David Palmer, Ph.D.
Probe Mines Limited
President
[phone]

Karen Willoughby
Probe Mines Limited
Investor Relations
1-866-365-4724
Website: www.probemines.com


Source: Probe Mines Limited

[Fantomas96]

MC FAULD´S LAKE, James Bay Lowlands, Ontario :

Das nächste Mining Camp in Kanada

[mike32]

Guten Morgen ,

was ist denn vor 12 jahren bei BMK abgegangen , dort wurden mit Sicherheit , viele Anleger , schon einmal abgezockt :

11,50 CAD / ATH !!!!

http://ca.moneycentral.msn.com/investor/charts/chartdl.aspx?…


gruss mike

[mike32]

http://biz.yahoo.com/ccn/080212/200802120441412001.html?.v=1


Probe Mines Closes $2,000,000 Non-Brokered Private Placement with the MineralFields Group to Explore McFauld's Lake Project
Tuesday February 12, 7:00 am ET


TORONTO, ONTARIO--(Marketwire - Feb. 12, 2008) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB - News; "Probe") are pleased to announce the closing of a non-brokered private placement financing with the MineralFields Group as announced on February 5, 2008. The private placement consisted of the sale of 2,666,666 Flow-Through Units at $0.75 per Unit for gross proceeds of $2,000,000. Each Unit consisted of one flow-through common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to acquire one common share for $1.50 until February 7, 2010 provided, however, that should Probe's shares close on the TSX Venture Exchange for a period of 20 consecutive trading days at a price of $2.00 per share or higher during the exercise period, Probe may accelerate the expiry time to 30 calendar days from the date express written notice is provided by Probe to the holder by way of registered mail. In connection with the financing, a finder was issued 105,333 Units with a value of $79,000 or $0.75 per Unit, and 210,666 non-flow-through finder options. Each finder option entitles the holder to acquire until February 7, 2010 one common share and one common share purchase warrant exercisable on the same terms as the Warrants at an exercise price of $0.75 per finder option. All securities issued in conjunction with the offering are subject to a hold period, which expires on June 8, 2008.
ADVERTISEMENT


"We are very pleased to be continuing our relationship with MineralFields Group", said Dr. David Palmer, President and CEO. "This is an important milestone in the growth of Probe Mines Limited and we look forward to working with MineralFields Group as we develop our holdings in the McFauld's Lake region."

Proceeds of the financing will be used to fund exploration on the Company's McFauld's Lake West Project, located immediately north of Noront Resources' high-grade nickel-copper-platinum group element (PGE) discovery in the McFauld's Lake area. The exploration program is described in detail in Probe's January 30, 2008 Press Release (2/2008). Field operations are currently underway on the McFauld's West property with the ground grid established and mobilization of Insight Geophysics' field crews expected shortly. The geophysical program will be followed by diamond drilling.

The McFauld's West Project is located immediately adjacent Noront Resources' Eagle One property where high-grade nickel-copper-PGE mineralization was discovered during this past summer. The most recent drilling intersection returned the highest grade material to date averaging 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver over 46.6 meters. Probe is encouraged by the proximity of the McFauld's West property to this significant discovery and believes there is a strong potential for the property to also host mineralization.

About MineralFields, Pathway and First Canadian Securities ®:

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities®, a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

About Probe Mines:

Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld's Lake area where it owns 931 claims covering almost 15,000 hectares. This includes a 100% interest in the McFauld's West Project, comprised of 12 claims (192 hectares) situated less than 450 metres from the site of Noront's significant new nickel-copper discovery, representing one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Mineral Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, slated for production in 2008. The company's shares trade on the TSX Venture Exchange under the symbol PRB.

Investors are invited to visit the Probe Mines IR Hub at http://www.agoracom.com/IR/Probemines where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.

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



Contact:
David Palmer, Ph.D.
Probe Mines Limited
President
[phone]

Karen Willoughby
Probe Mines Limited
Investor Relations
1-866-365-4724
Website: www.probemines.com



Source: Probe Mines Limited

[mike32]

TELKWA GOLD CORP



Telkwa Gold Corporation Announces Appointment of New Management and Directors2/11/2008

CALGARY, ALBERTA, Feb 11, 2008 (Marketwire via COMTEX News Network) --
Telkwa Gold Corporation (TSX VENTURE:TKW) ("Telkwa") is pleased to announce that effective February 1, 2008, Kirk McKinnon, has been appointed President & CEO, Richard Schler, appointed Vice-President of Finance & CFO and Michael Marchand, P. Geol., appointed as Vice-President of Exploration.

Kirk McKinnon, Richard Schler, and Bill Nielsen, P. Geo., have been appointed Directors of Telkwa Gold.


http://www.stockhouse.com/news/news.asp?newsid=6343749&tick=…

Gehört zwar nicht unbedingt hier rein , aber was nicht ist , kann ja noch kommen !

gruss mike

[Fantomas96]

Ein aktueller Überblick James Bay Area (Temex)

[Fantomas96]

James Bay: GEO Background (Temex)





Gruß,
Fantomas

[Fantomas96]

Für alle FANCAMP Interessierten:

[Fantomas96]

Und hier die Vergrößerung der Grenze NOT / FNC mit EM Conductor Hintergrund (ist wirklich interessant):





Gruß,
Fantomas

[Fantomas96]

Für alle James Bay-Interessierten hier die TOP-Arbeit von Helium zum Download:

- Interaktive Claim Map mit allen Daten und Firmen
- Tabelle mit allen Claims und Infos in James Bay (über 2900)
- Company Homepage Übersicht mit allen News Releases


http://www.freedrive.com/folder/121951



Ein "Must have" für alle.


Gruß,
Fantomas

[mike32]

http://biz.yahoo.com/ccn/080221/200802210443549001.html?.v=1


MacDonald Mines Intersects 112 Meters Assaying 0.18% Nickel on James Bay Lowlands Area Property
Thursday February 21, 9:04 am ET
Massive Sulphide Intersection of 14.3% Combined Zinc and Lead Over 3.0 Meters Deemed Significant

TORONTO, ONTARIO--(Marketwire - Feb. 21, 2008) - MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK - News; MacDonald Mines" or the "Company") is pleased to release assay results from its Fall 2007 diamond drilling program carried out over its wholly owned McNugget Property, the Hornby Property; jointly owned by MacDonald and Temex Resources Corp. and the MacDonald-Hawk Uranium property, all located in the James Bay Lowlands of Ontario.
ADVERTISEMENT


Much of the exploration carried out over the McNugget property in the past has focused on volcanic and sedimentary rocks associated with massive sulphide (VMS) style mineralization. MacDonald Mines' fall 2007 drill program was designed with a two pronged approach. Diamond drill holes were selected to sample various conductors as well as systematically sample specific geological units present on the McNugget property.

The drill programs of 2007 have proved valuable in revealing characteristics of mafic and ultramafic rock sequences on the McNugget property which are potential hosts to nickel - copper mineralization. MacDonald Mines will consider this newly acquired information as they designing their 2008 winter-spring drilling program that will focus on exploring rock types that are lower in the mafic-ultramafic sequence and more likely to host economic concentrations of Nickel-Copper-PGM mineralization.

Highlights of the fall 2007 program are listed in the table below. Of note are the following:

1. Drill hole MN07-46 encountered peridotite throughout its entire 170 meter length and assayed 0.18% nickel over 112.0 meters including 0.20% nickel over 41.0 meters.

2. Drill hole MN07-47 encountered 0.36% Cu, 10.6% Zn, 3.7% Pb and 115 g/t Ag over 3.0 meters.

Table 1 - Significant Results from MacDonald Mines2007 Fall Drilling Program




---------------------------------------------------------------------------
DDH # From To Inter- Cu (%) Zn (%) Pb (%) Ni (%) Au Ag
(m) (m) val (m) (g/t) (g/t)
---------------------------------------------------------------------------
MN07-46 20.0 132.0 112.0 - - - 0.18 - -
---------------------------------------------------------------------------
MN07-46 69.0 110.0 41.0 - - - 0.20 - -
---------------------------------------------------------------------------
MN07-47 67.5 70.5 3.0 0.36 10.6 3.70 - 0.07 115.0
---------------------------------------------------------------------------
MN07-47 69.0 70.5 1.5 0.59 11.15 6.02 - 0.10 181.0
---------------------------------------------------------------------------
MN07-52 44.0 48.5 4.5 0.19 - - - - -
---------------------------------------------------------------------------
MN07-52 44.0 45.5 1.5 0.20 - - - 0.10 94.3
---------------------------------------------------------------------------
MN07-52 53.0 54.5 1.5 0.68 - - - 0.16 2.1
---------------------------------------------------------------------------


The massive sulphide intersection in Hole MN07-47 is deemed significant and additional work will be focused on this VMS target.

The extensive nickeliferous intersection in hole MN07-46 certainly indicates MacDonald Mines is in the right part of the stratigraphic sequence to host nickel deposits. Additional work will focus on this widespread horizon in future exploration programs and additional airborne responses will be tested along its strike length.

In addition, the extensive airborne electromagnetic (AEM) surveying carried out over recently staked mining claims contiguous to the McNugget and Big Mac properties, and on joint venture claim blocks in the Noront Resources' Ni-Cu-PGM discovery area, has been completed. Interpretation of the AEM data is currently underway. The design of the 2008 winter-spring program is strongly considering this new high-resolution airborne data as well as information derived from previous drill programs.

Hornby Property - MacDonald - Temex J.V.

The Hornby Property is located 5 kilometres to the east of the Noront discovery. Ground geophysical surveys defined EM targets with coincident magnetic anomalies. Several of these were drill tested in the latter part of the 207 drill program. Initial interpretations are that these conductive zones are too high in the geological sequence to host nickel deposits. . Additional targets which are lower in the geological sequence have yet to be drill tested.




---------------------------------------------------------------------------
DDH # From To Inter- Cu (%) Zn (%) Pb (%) Ni (%) Au Ag
(m) (m) val (m) (g/t) (g/t)
---------------------------------------------------------------------------
H-07-01
(a) 52.5 55.5 3.0 0.23 - - - - -

---------------------------------------------------------------------------
H-07-02
(a) 121.5 123.0 1.5 - - - - 0.54 -
---------------------------------------------------------------------------


As a correction to the news release put forth by MacDonald Mines on January 21, 2008, drill holes MN07-46 and MN07-48 were drilled on the 100% MacDonald Mines owned McNugget property. Drill holes H-07-01 and H-07-02 were drilled on the MacDonald/Temex joint venture Hornby property.

MacDonald - Hawk Uranium J.V.

Hole MN07-55 tested Target N-26 which exhibited a strong AEM response with a coincident magnetic anomaly. The hole intersected gabbro and minor granite throughout its length. Disseminated magnetite was encountered over significant core widths. Sulphide stringers explained the EM response. Holes MN07-51 and 53 tested a strong ground EM response and intersected a sequence of gabbro and granite. However, the EM anomaly was not explained by either hole and further study is required.




---------------------------------------------------------------------------
DDH # From To Inter- Cu (%) Zn (%) Pb (%) Ni (%) Au Ag
(m) (m) val (m) (g/t) (g/t)
---------------------------------------------------------------------------
MN07-51 4.0 7.0 3.0 0.19 - - - 0.06 0.9
---------------------------------------------------------------------------
MN07-51 185.5 187.0 1.5 0.23 - - - 0.10 1.2
---------------------------------------------------------------------------
MN07-53 76.0 80.5 4.5 0.14 - - - 0.07 -
---------------------------------------------------------------------------
MN07-53 158.0 159.5 1.5 0.47 - - - 0.19 1.0
---------------------------------------------------------------------------
MN07-53 272.0 273.5 1.5 0.53 - - - 0.12 2.0
---------------------------------------------------------------------------
MN07-55 36.5 39.5 3.0 0.19 - - 0.11 0.12 1.0
---------------------------------------------------------------------------
MN07-55 65.0 71.0 6.0 - - - 0.21 - -
---------------------------------------------------------------------------
Incl. 66.5 68.0 1.5 - - - 0.45 - -
---------------------------------------------------------------------------
MN07-55 83.0 87.5 4.5 0.14 - - - - -
---------------------------------------------------------------------------


Drill core samples were sent to ALS Chemex in Vancouver, British Columbia for analysis using ALS Chemex assay procedure Au-AA23 for gold, ME-ICP41a for nickel, copper, zinc, lead and silver. Reference standards, duplicates and blanks were inserted into the sample streams as part of an ongoing QA/QC program.

Randall Salo, P.Geo., supervised MacDonald's exploration activities during the current program and is the designated qualified person for the technical information contained in this release.

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

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



Contact:
Brent Nykoliation
MacDonald Mines Exploration Ltd.
Director, Business Development
1-800-818-5442 or [phone]

J. A. Kirk McKinnon
MacDonald Mines Exploration Ltd.
President and CEO
1-800-818-5442 or [phone]

Richard Schler
MacDonald Mines Exploration Ltd.
Vice President & CFO
1-800-818-5442 or [phone]
[phone] (FAX)
Email: [e-mail]
Website: www.macdonaldmines.com


--------------------------------------------------------------------------------
Source: MacDonald Mines Exploration Ltd.

[mike32]

http://biz.yahoo.com/ccn/080222/200802220443900001.html?.v=1




Spider, KWG and Freewest Receive Preliminary Aerotem2 Report on Freewest Option Property McFauld's Lake Area, Northern Ontario

Friday February 22, 10:00 am ET


TORONTO, ONTARIO--(Marketwire - Feb. 22, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ - News) and KWG Resources Inc. (TSX VENTURE:KWG - News) and Freewest Resources Canada Inc. (TSX VENTURE:FWR - News) are pleased to announce the receipt of an Interim Report on their Freewest Option property (the "Property"), located approximately 15 kilometers southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences of Spider and KWG and approximately 3.6 kilometers northeast of Noront Resources Ltd.'s Eagle One Magmatic Massive Sulphide ("MMS") discovery in the James Bay Lowlands region of Northern Ontario.
This report was prepared by Scott Hogg & Associates Ltd., dated February 2008 and provides a technical review of a Helicopter-Borne Electromagnetic and Magnetic survey carried out by Aeroquest Ltd., under contract to Billiken Management Services Inc., of Toronto Ontario. Billiken also advises that a diamond drill contract with Cabo Drilling Corp., has recently been negotiated, on behalf of the joint venture and that preparation for diamond drilling is underway.

ADVERTISEMENT


Nine separate SW-NE trending magnetically and electromagnetically rendered anomalies have been identified within the limits of the property, as described within the interim report, most of which warrant additional follow-up. Of the nine conductors identified, six have been interpreted as having a NW dip, one has a near vertical dip and the other two are broader in nature. The latter two may be attributable to surface conductivity although there is some coincidence with magnetic patterns reflective of the underlying bedrock geology, so bedrock source for the conductance cannot be ruled out.

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both the dimensions, and the peridoitite setting similarity to Eagle One; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. The initial focus of the drilling program will be to further investigate this Cr-PGE-Ni occurrence.

The terms of the agreement with Freewest are disclosed in earlier press releases (see press release December 19, 2005, as well press release dated February 4, 2008). As stated earlier the initial field crew arrived on site in late January and commenced re-identification of the claim boundaries prior to starting a detail line-cutting program. A property wide grid with 200 meter line spacing is currently being established, initially focussing on the western portion of the property covering the peridotite in the vicinity of 2006 drill hole FW-06-03, where the grid will be detailed at 100 meter spaced lines. Line-cutting has progressed over this area and the geophysical operators will soon be starting the ground surveys that will include horizontal loop electromagnetic (HLEM), along with Magnetic and VLF electromagnetic ground surveying. Drilling is still scheduled to start during February, assuming all goes well with the geophysical surveying. The initial holes will test the layered peridotite and explore this exciting occurrence for its MMS potential. Interim maps produced from the recent Aerotem2 airborne survey have been reviewed and are currently being used to continue the planning of exploration for the remainder of the property. At present, eight other anomalies are apparent. The field operations and eventual drilling are currently under the auspices of Billiken Management Services Inc, of Toronto, Ontario.

This press release has been prepared by management of Spider Resources Inc. and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 301,184,917 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.



Contact:
Toronto Head Office
Spider Resources Inc.
Suite 1000, 15 Toronto St.,
Toronto Ontario, M5C 2E3 Canada
[phone]
Website: www.spiderresources.com



Source: Spider Resources Inc.

[Popeye82]

[mike32]

http://biz.yahoo.com/iw/080227/0367881.html





UC Resources McFaulds Lake Update
Wednesday February 27, 1:53 pm ET


VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 27, 2008 -- UC Resources Ltd.CDNX:UC.V - News) ("UC" or "the Company") is pleased to provide the following updates.


UC Resources Ltd. has advised its partners, Spider Resources Inc. and KWG Resources Inc. that it will exercise its right to opt into year two of the McFaulds Lake option agreement in the James Bay Lowlands region of northern Ontario. As per the binding LOI between UC and Spider, UC is required to incur exploration expenditures of at least an additional $1 million on or before the second anniversary date of March 6, 2009, in order to earn an additional 15% vested interest in the Property, bringing UC's interest level to 25%. To date $500,000 of the $1 million second tranche has been spent. Should UC exercise its full commitment to the McFaulds Lake Project Property Joint Venture Agreement it will earn-in up to a 55% undivided interest in the property.

ADVERTISEMENT


Further to news release dated January 17, 2008, UC is pleased to announce that a request has been given to Billiken Management to commence line cutting and ground geophysics as soon as possible on its first high priority identified target to be followed by ground geophysics work. The Aerotem2 identified target has been identified as being "on trend" with the Noront Eagle Two discovery and is located to the southwest on the property known as McFaulds West. All field operations are being conducted by Billiken Management on behalf of UC Resources and the company is presently reviewing and prioritizing numerous additional high priority targets that will require field work.

As announced in the January 17, 2008 press release, the La Yesca mill is being totally revamped after a major re-design. Initial site clearing and dismantling of the existing mill has begun, and assembly of the newly designed mill will begin in earnest in mid-March. To date a tank construction contractor, environmental assessment firm, electrical installation company, and engineering firms have been contracted and begun work. It's expected the company will start mill testing and training personnel in June, 2008. The company remains very optimistic that La Yesca has the potential to be a very profitable venture and certainly is a key component in the strategic development of UC Resources Mexican assets.

After a review of all of UC's exploration properties and prioritization of commitments, UC has decided not to continue with the La Dura LOI agreement.

UC Resources is an active explorer of base metals in the McFauld's Lake area, and an explorer and near term producer of precious metals in Mexico.

On behalf of the Board,

Jim Voisin, President & CEO

UC Resources Ltd.

Investors are invited to visit the UC Resources IR Hub at http://www.agoracom.com/ir/UCResources where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects 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 market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.



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



Contact:
Contacts:
UC Resources Ltd.
Brian Gusko
CFO
Toll Free: 1-800-366-8566 (Canada & USA)
Website: http://www.ucresources.net




Source: UC Resources Ltd.

[mike32]

http://biz.yahoo.com/ccn/080228/200802280445297001.html?.v=1




Lund Gold Ltd.: Option Agreement With Noront Resources Ltd. to Aquire 50% of 13 Claim Blocks in "Ring of Fire"
Thursday February 28, 9:15 am ET


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Further to its news release of February 4, 2008, Lund Gold Ltd. (TSX VENTURE:LGD - News; "Lund") is pleased to report that approval has been received from the TSX Venture Exchange pursuant to an option agreement between Lund and Noront Resources Ltd. ("Noront"), a TSX Venture listed company, whereby Lund has been granted the option to acquire a 50% legal and beneficial interest in 13 claim blocks covering a total of 169 units in the 'Ring of Fire', McFauld's Lake, Ontario, near Noront's nickel copper discovery.

ADVERTISEMENT


Pursuant to the option agreement, Lund has issued to Noront an aggregate of 400,000 common shares of Lund, which are subject to a four month hold period expiring on June 28, 2008. Lund is required to incur aggregate exploration expenditures on the property of $3.5 million over a three year period. Upon Lund's earning its 50% interest in the property, Lund and Noront shall form a joint management committee to further develop the property as a joint venture with Noront continuing to act as the operator.

Chet Idziszek, President of Lund, stated, "Noront's recent announcement of a second massive sulphide discovery at its Double Eagle project provides further evidence of the potential for numerous ore deposits in the McFauld's Lake district. According to Noront, preliminary data from an airborne geophysical survey of the ground we have optioned are expected shortly, and will be an important input to our $1,000,000 program this year."

To find out more about Lund Gold Ltd. (TSX VENTURE:LGD - News), visit our website at www.lundgold.com.

On behalf of the Board of Directors of LUND GOLD LTD.

Chet Idziszek, President

Cautionary Statement

This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration results and plans, and our other future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, estimates of exploration investment and the scope of exploration programs. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. Forward-looking statements are subject to risks, uncertainties and other factors, including risks associated with mineral exploration, price volatility in the mineral commodities we seek, and operational and political risks.

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



Contact:
David Scott
Lund Gold Ltd.
Investor Relations
[phone] Toll Free 1-877-529-8475
[phone] (FAX)
Website: www.lundgold.com



Source: Lund Gold Ltd.

[HeinzBork]

Fancamp Exploration Ltd.: McFauld's Lake Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Fancamp Exploration Ltd. (TSX VENTURE:FNC). The following is an update for the Fancamp McFauld's project. Attached are the total field mag and the conductor interpretation maps arising from the November, 2007 Aerotem II survey. It should be emphasized that these are preliminary returns only, and are subject to adjustment and correction. However, they do indicate the major targets of interest.

With reference to the conductor interpretation map, #1-1 is Noront's Eagle 1 discovery, 1-2, 1-5, 1-6 and 1-7 are all Noront conductors. 1-4, 1-3, 1-11 and 1-10 represent Fancamp conductors, the latter shared with Freewest. The red dots - EM profile anomalies, represent conductivity, the exact nature of which has yet to be ascertained.

The total field magnetic map clearly shows the relationship of the large conductive magnetic feature on Fancamp's ground with the Eagle 1 discovery, which itself could be considered an extension in this large complex feeder zone. A particularly interesting target is the very strong magnetic feature located in the upper Fancamp block. This lies about 4 km NE of the Eagle 1 discovery and although the Aerotem II system shows little conductivity, the possibility of deeply buried, undetected conductors would seem to be good.

Currently, Fancamp and Noront are carrying out pulse EM surveys on targets 1-2, 1-3 and 1-4. These results should be available within a few weeks, following which drill targets will be selected. The Company hopes to be drilling by the end of March.

ON BEHALF OF THE BOARD

Peter H. Smith, Ph.D., P.Eng., President

S.E.C. Exemption: 12(g)3-2(b)

To view the map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/Fancamp%20Map.pdf

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

[Fantomas96]

http://biz.yahoo.com/ccn/080228/200802280445207001.html?.v=1


Diamondex Resources Ltd.: Drilling Commences on Weiland Project

Thursday February 28, 9:30 am ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Diamondex Resources Ltd. (TSX VENTURESP - News; "Diamondex") is pleased to announce that drilling has commenced on the Weiland project, located in the Kyle Lake kimberlite cluster area of the James Bay Lowlands of Northern Ontario (See www.diamondex.net for project location and details).

The $1.8 Million 2008 winter exploration program will include the drill testing of 40 high priority magnetic targets utilizing two light-weight reverse circulation drills. Ground geophysical surveying began on February 15th to detail magnetic anomalies in advance of the drilling.

An additional 3,600 line kilometres of low-level, high-resolution, airborne magnetic data was recently acquired by the joint venture (see news release dated November 8, 2007) and is currently being analyzed. Any additional high priority anomalies identified will be staked during the current exploration program. Prior to the purchase of the most recent airborne data set, a total of 56,500 line kilometres of a similar quality magnetic surveys, flown on 100 metre-spaced lines was evaluated and 98 claims were staked over 100 magnetic anomalies.

The Weiland Project is located approximately 120 kilometres west of De Beers Canada's Victor mine and in the vicinity of the Noront Resources nickel-copper-PGM massive sulphide discovery. The property is held under a 60:40 joint venture with De Beers Canada Inc. with Diamondex as Operator. De Beers has elected not to participate in this upcoming winter program and its joint venture interest will be diluted accordingly.

Mr. Raymond Ashley, P.Geoph. Vice President of Exploration for Diamondex, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this press release.

DIAMONDEX RESOURCES LTD.

Randy C. Turner, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.



Contact:
Salimah Lalli
Diamondex Resources Ltd.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.diamondex.net


--------------------------------------------------------------------------------
Source: Diamondex Resources Ltd.




Gruß,

FANTOMAS

[HeinzBork]

TORONTO, Feb. 29 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) (\"Temex\" or \"the Company\") provides the following update on its activities on the Webequie Project in the area of the Noront Resources Ltd. Double Eagle Project.

Since Noront Resources Ltd. (\"Noront\") first released its initial assessment of the discovery drill holes into its Eagle One nickel-copper-platinum-palladium (\"Ni-Cu-PGE\") deposit, Temex has been actively positioning itself to become the largest property interest holder in the Webequie or McFaulds Lake area. To that end the Company embarked on an extensive staking and partnership program that started even before any assay results were available from the initial Noront drill holes and that program has continued until present.

The Company and its partners have now commenced extensive airborne geophysical surveys that will provide the basic data to evaluate the potential for the properties to host various types of mineralization including Ni-Cu-PGE deposits (similar to Noront's Double Eagle), volcanogenic copper-zinc deposits (similar to KWG Resources Inc. and Spider Resources Inc.), gold targets (similar to Lake Shore Gold Corp. and Superior Diamonds Inc.), and diamond deposits (similar to De Beers Canada Victor Mine). The first priority targets will be Noront type targets that in general are readily apparent from analysis of only magnetic and electromagnetic data resulting from the airborne geophysical surveys. Once the airborne data is available, the Company will determine the logistics and timing for a near term follow-up program of ground geophysics and diamond drilling.

Commented Bruce Durham, Executive Chairman, \"As the largest property interest holder in the Webequie - McFaulds Lake area we are excited to hear of Noront's discovery of a second area of nickel-copper mineralization and we remain convinced, as we were at the initiation of our land acquisition program, that this area is going to be Canada's next significant new mining camp. We have positioned ourselves to be one of the most aggressive explorers in the area. With our geophysical data just beginning to arrive we are now preparing to ramp up our exploration for the next Noront type discovery.\"

The company's activities to date include the acquisition of property interests in more than 7,500 mining claim units covering more than 300,000 acres. Through various prospecting arrangements and option agreements the Company has interests in these properties varying from 100% interest to residual royalty interests. In addition to land acquisition, Temex and its partners have initiated airborne geophysical surveys over nearly all of the properties. For almost all of the properties this will be the first detailed geophysical data ever collected over the properties and the first recorded exploration on the properties. A map illustrating the land holding in which Temex has an interest is included in the recent presentation posted on the Company website.



<<
Project Summary

Temex: MacDonald Mines Exploration Ltd. Joint Venture
- 1,700 claim units covering 68,000 acres
- 50% Temex
- Airborne geophysics complete
- Partial results received
- Data being evaluated for follow-up drill program March-April 2008

Temex: Baltic Resources Ltd.: MacDonald Mines Exploration Ltd. Joint
Venture
- 820 claim units covering 32,800 acres
- 25% Temex
- Airborne geophysics underway, or complete
- Data expected in March 2008
- Ground follow-up and diamond drilling expected in Q2 2008

Temex: Mill City Gold Corp. Option and Joint Venture
- 1,012 claim units covering 40,480 acres
- 50% Temex; partner funding program
- Airborne geophysics underway, nearing completion
- Data expected in March 2008
- Ground follow-up and diamond drilling expected in Q2 2008

Temex: East West Resource Corporation Option and Joint Venture
- 333 claim units covering 13,320 acres
- 50% Temex; partner funding program
- Land acquisition complete as of end of February 2008
- Airborne geophysical surveys underway
- Survey completion March 2008
- Data expected in March-April 2008
- Ground follow-up geophysics and diamond drilling expected in Q2 2008

Temex Royalty Properties
- 1,256 claim units covering 50,240 acres
- 1% Net Smelter Returns Royalty; no expenditures by Temex
- Airborne geophysical surveys underway by Baltic, Noront and/or
partners
- Temex uncertain of timing of programs and plans for future work

Temex 100% Properties
- 2,050 claim units covering 81,720 acres
- Land acquisition to be complete as of early March 2008
- Airborne geophysical surveys underway
- Survey completion early March 2008
- Data expected in March-April 2008
- Ground follow-up and diamond drilling expected in Q2-Q3 2008
- Various property descriptions and summaries to be provided once
staking and recording is completed
- Properties include land adjacent to the east, west and south of
International Nickel Ventures Inc. Lansdowne House Project
- Properties also include land adjacent to the north, east and
southeast of current gold exploration drill program being carried
out with two drills by Superior Diamonds Inc. and Lake Shore Gold
Corp.
>>


Bruce Durham, P.Geo., is the designated Qualified Person responsible for the preparation of this news release.

Investors are invited to visit the Temex IR Hub at http://www.agoracom.com/ir/Temex\">http://www.agoracom.… where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to mailto:[e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

Please visit Temex at Booth 2412 in the Investors Exchange, March 2-3 at PDAC 2008, Metro Toronto Convention Centre - South Building. Temex is a well-funded Canadian exploration company advancing its precious metal, nickel, diamond, and uranium projects in Ontario.


On behalf of the Board of Directors,


\"Ian Campbell\"


Ian Campbell

President and CEO


* The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this news release *

[Fantomas96]

http://biz.yahoo.com/cnw/080303/metalex_purple_diamnd.html?.…


New Quebec Diamond Discovery Contains Rare Purple Diamonds.

Monday March 3, 11:30 am ET


KELOWNA, BC, March 3 /CNW/ - Metalex Ventures Limited (MTX : TSX Venture Exchange) in conjunction with its joint venture partners Dianor Resources Inc. (DOR: TSX- Venture Exchange) and Wemindji Exploration Inc. are pleased to announce a new diamond discovery in Quebec.
Diamonds have been recovered from surface rock samples on the Joint Venture's Ekomiak V property in the James Bay region of Quebec. Six hundred and forty nine (649) diamonds including nine rare purple diamonds were recovered from eighteen surface rock samples of conglomerates aged between 2.716 and 2.733 billion years. Natural fancy coloured diamonds are very rare and expensive. Purple is one of the rarest and most desirable colours. This makes the Quebec diamond discovery both unique and amongst the oldest diamond bearing occurrence in the world.

......


Gruß,

FANTOMAS

[Fantomas96]

http://biz.yahoo.com/ccn/080303/200803030446316001.html?.v=1


Hawk Uranium Inc. Receives Preliminary Airborne Geophysical Results from Noront on "Ring of Fire" Option Ground

Monday March 3, 4:13 pm ET


TORONTO, ONTARIO--(Marketwire - March 3, 2008) - Hawk Uranium Inc. (TSX VENTURE:HUI - News; "Hawk") is pleased to announce that it has received from Noront Resources Ltd. (TSX VENTURE:NOT - News; "Noront") a preliminary review of the heilcopter borne geophysical survey recently carried out over the property in the McFaulds Lake "Ring of Fire" area of Northern Ontario in respect of which Hawk has acquired an option for a 50% interest from Noront. A number of airborne geophysical targets that are of interest have been identified, and further interpretation of the potential of the anomalies from the survey is being completed by Scott Hogg & Associates. Noront is the Operator for the Hawk-Noront option property. Billiken Management Services Inc., the Project Manager for the Operator, are in the process of preparing a detailed work program, which will include follow up line-cutting, geophysical surveying and diamond drilling.

.....


Gruß,

FANTOMAS

[Fantomas96]

Hier neben dem neuen RT-Chart Thread noch eine aktuelle YahooFinance Übersicht der McFauld´s Player:


http://finance.yahoo.com/q/cq?s=NOT.V,FWR.V,SPQ.V,KWG.V,UC.V…



Gruß,

FANTOMAS

[Fantomas96]

Bilder sagen mehr als tausend Worte :






















Viel Spaß beim Interpretieren.

FANTOMAS

[banimei]

Antwort auf Beitrag Nr.: 33.540.334 von Fantomas96 am 04.03.08 00:04:16

Hi Fantomas,

danke für die super Grafiken.
Was meinst Du.. Eigentlich heisst das doch das Spider und Freewest enormes Potential haben und wer da nicht mit macht, dem gehen viele Prozente verloren

[mike32]

NEWS - Freewest's Interpretation of Airborne Geophysical Surveys Completed on its McFaulds Properties, Reveal Numerous Anomalies
Posted by: AGORACOM on March 06, 2008 10:26AM



MONTREAL, QUEBEC--(March 6, 2008) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. (TSX VENTURE:FWR) (the "Company") is pleased to provide an exploration update on the Company's activities, currently ongoing on its McFaulds properties (the "Property").

The Property consists of 9 mineral claims situated 3.8 kilometres northeast of the Eagle One and Eagle Two nickel-copper-platinum group element (PGE) occurrences of Noront Resources Ltd. Four (4) of the claims are wholly-owned by Freewest (Freewest claims), while the remaining 5 claims are under option to Spider Resources Inc. and KWG Resources Inc. (Freewest JV claims). Spider and KWG may earn a 50% interest in the 5 claims from Freewest by spending $3,000,000 on exploration over a 4-year period. They may earn a 60% interest by delivering a bankable feasibility study on any mineralization identified and a cumulative 65% interest by arranging project financing for Freewest to place such mineralization into commercial production. The Property is located in the Sachigo greenstone belt, 300 kilometres north of Nakina in the James Bay Lowlands of northern Ontario.

EAGLE COPPER-NICKEL-PGE DEPOSITS

The first discovery by Noront, known as Eagle One, has yielded some exceptional grades including 5.90% nickel, 3.10% copper, 2.87 g/t platinum and 9.78 g/t palladium over 68.3 metres (NOT-07-05) as well as 6.30% nickel, 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres in drill hole NOT-07-27. The deposit occurs in ultramafic rocks described as peridodite, within the basal lower-most portion of the volcanic pile comprising the greenstone belt.

Noront recently announced the discovery of a second nickel-copper massive sulphide occurrence known as Eagle Two, situated 2 kilometres southwest of Eagle One. To date, 4 drill holes have yielded semi-massive to massive sulphides over widths of 3 to 26 metres in deformed, altered peridotite, containing pyrrhotite, magnetite, chalcopyrite and pentlandite. Significantly, 3 of the 4 drill holes intersected chromitite layers and seams, closely associated with semi-massive and massive sulphide zones of mineralization.

Both of the Eagle One and Eagle Two occurrences are intimately associated with discrete magnetic anomalies (magnetic highs) and coincident electromagnetic anomalies known as conductors.

AIRBORNE GEOPHYSICAL SURVEY INTERPRETATION

Freewest recently completed a compilation and interpretation of two airborne geophysical surveys flown for the Company, namely the Fugro Airborne survey in 2004 and the Aeroquest International Limited survey in late 2007.

Based on the airborne geophysical surveys and geological evidence, it is clear that the Property covers the northeast extension of the peridodite that hosts the Eagle One and Eagle Two occurrences. Both the Freewest claims, as well as the Freewest JV claims, contain numerous anomalies that are similar to the geophysical signature obtained over the Eagle One occurrence, specifically, a coincident magnetic high and conductor (Figure 1). These anomalies are of prime exploration interest and are obvious targets for diamond drilling.

http://www.freewest.com/_resources/photos/nr_march_06_08_1.p…

Figure 1 is part of this news release and is posted on the Freewest website at www.freewest.com

Lending further support to the geophysical anomaly similarities between Eagle One and those on the Property is the geological evidence yielded in drill hole FW-06-03. This drill hole was completed on the Freewest JV claims by the operator in 2006 and intersected 2 chromitite layers, capping a thick section of peridotite. Limited sampling of the chromitites returned high chrome values and anomalous levels of nickel, copper and platinum-group-elements. The drill test clearly demonstrates the presence of magmatic styles of mineralization occurring within peridotite and highlights the importance of the chromitite horizon intersections, particularly in light of the recent results obtained by Noront at Eagle Two.

The Company also completed a detailed interpretation of the preliminary data generated by the Aeroquest survey. The interpretation reveals numerous northeast-trending conductor panels and coincident magnetic anomalies, including 8 on the Freewest JV claims and 5 on the Freewest claims (Figure 2). The location of these anomalies indicates that they are all situated close to the base of the volcanic pile within peridotite, the same geological setting as at Eagle One and Eagle Two.

http://www.freewest.com/_resources/photos/nr_march_06_08_2.p…


Figure 2 is part of this news release and is posted on the Freewest website at www.freewest.com

FUTURE WORK

Freewest is currently completing detailed ground geophysical surveys on the Freewest claims in preparation for diamond drilling. These include ground magnetic, horizontal-loop electromagnetic (HLEM) and high-power deep electromagnetic surveys (deepEM). It is anticipated that some of these surveys will be completed shortly, enabling the completion of an initial diamond drilling program testing some of the targets before spring break-up.

Similarly, on the Freewest JV claims, Spider Resources Inc. and KWG Resources Inc. have completed line cutting and subsequent magnetic and HLEM surveys in the locate of the chromitite occurrence (FW-06-03) and on the conductor adjoining drill hole FW-06-03. Drilling is anticipated to commence on Friday of this week.

Results for both properties will be released as they become available.

Freewest is a well-financed mineral exploration company exploring for gold and base-metals within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com . Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director of Freewest Resources Canada Inc. is the Qualified Person (under National Instrument 43-101) on the McFaulds project and is responsible for the preparation of this news release.

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

For more information, please contact

Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
514-878-3551 or 1-888-878-3551
514-878-4427 (FAX)
[e-mail]
www.freewest.com
http://www.agoracom.com/ir/freewest/messages/752926#message

[mike32]

NEWS - Freewest Resources Announces Closing of $3 Million Private Placement Posted by: AGORACOM on March 06, 2008 04:25PM



MONTREAL, QUEBEC--(March 6, 2008) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that it has completed its previously-announced private placement by issuing 8,571,428 units to accredited investors at a price of $0.35 per unit, for gross proceeds to Freewest of $3 million. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of Freewest at a price of $0.50 for one year after the closing of the private placement, subject to acceleration in certain events.

In connection with the private placement, Freewest paid a finder's fee to PowerOne Capital Markets Limited of Toronto, Ontario consisting of 600,000 common shares at deemed issue price of $0.35 per share, representing 7% of the gross proceeds raised under the private placement, and a "finder's warrant" entitling PowerOne Capital Markets Limited to purchase up to 857,143 units of Freewest, representing 10 % of the number of units sold in the private placement. The finder's warrant is exercisable at a price of $0.35 per unit until March 6, 2009. The units issued on the exercise of the finder's warrant will be identical to those issued in the private placement. The finder's warrant may be exercised for one year after the closing of the private placement.

Under applicable securities legislation and policies of the TSX Venture Exchange, the common shares and warrants issued in the private placement are subject to a hold period expiring on July 7, 2008.

The proceeds from the private placement will be used by Freewest for its exploration program on its properties located in the McFaulds Lake area of Northern Ontario and elsewhere, as well as for working capital and general corporate purposes.

As a result of the private placement, there are 176,236,233 common shares of Freewest issued and outstanding.

Freewest is a well-funded mineral exploration company exploring for gold and base-metals within Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com . Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

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

CONTACT INFORMATION:

Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
514-878-3551 or 1-888-878-3551
Fax: [phone]
[e-mail]
www.freewest.com

http://www.agoracom.com/ir/freewest/messages/753768#message

[HeinzBork]

Hier von der FWR Site die Interpretation der Airborne Geophysical Survey und die verschiedenen Anomalien

http://www.freewest.com/_resources/photos/nr_march_06_08_2.p…

[mike32]

Spider Resources Inc.

TSX VENTURE: SPQ




Mar 11, 2008 10:45 ET


Spider, KWG and Freewest Commence Drilling on Freewest Option Property McFauld's Lake Area, Northern Ontario


TORONTO, ONTARIO--(Marketwire - March 11, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" are pleased to announce the startup of a diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometers southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences of Spider and KWG and approximately 3.6 kilometers northeast of Noront Resources Ltd.'s Eagle One Magmatic Massive Sulphide ("MMS") discovery in the James Bay Lowlands region of Northern Ontario.

This diamond drilling program will initially be focussed near and around a previously discovered chrome-nickel-platinum group element occurrence in peridotite that has many similarities to the new discovery (Eagle Two) of Noronto Resources.

Billiken Management Services Inc. has been retained to complete the field program under the onsite supervision of Dr. Howard Lahti, Billiken also advises that a diamond drill contract with Cabo Drilling Corp., has recently been awarded the diamond drill contract. The approved budget for the program is $2.4 million, to cost of which will be shared 50:50 between Spider and KWG.

Nine separate SW-NE trending magnetically and electromagnetically rendered anomalies have been identified within the limits of the property, as described within an Interim report prepared by Scott Hogg and Associates of Toronto Ontario previously announced on February 22, 2008, most of which warrant additional follow-up. Of the nine conductors identified, six have been interpreted as having a NW dip, one has a near vertical dip and the other two are broader in nature. The latter two may be attributable to surface conductivity although there is some coincidence with magnetic patterns reflective of the underlying bedrock geology, so bedrock source for the conductance cannot be ruled out. Line-cutting has been completed over the entire property, ground geophysical surveying including magnetic, electromagnetic (VLF) and MaxMin electromagnetics is underway and completed on the western portion of the property in the vicinity of the initial drill sites, results of which will be used to plan additional drilling.

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both the dimensions, and the peridoitite setting similarity to Noront Resources Ltd's Eagle One MMS discovery located 3.6 km to the SE, as well as the newly discovered Eagle Two MMS occurrence, (located 2 km to the SE of Eagle One that also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. The initial focus of the drilling program will be to further investigate this Cr-PGE-Ni occurrence.

The terms of the agreement with Freewest are disclosed in earlier press releases (see press release December 19, 2005, as well press release dated February 4, 2008). As stated earlier the initial field crew arrived on site in late January and commenced re-identification of the claim boundaries prior to starting a detail line-cutting program. A property wide grid with 200 meter line spacing is currently being established, initially focussing on the western portion of the property covering the peridotite in the vicinity of 2006 drill hole FW-06-03, where the grid will be detailed at 100 meter spaced lines. Line-cutting has progressed over this area and the geophysical operators will soon be starting the ground surveys that will include horizontal loop electromagnetic (HLEM), along with Magnetic and VLF electromagnetic ground surveying. Drilling is still scheduled to start during February, assuming all goes well with the geophysical surveying. The initial holes will test the layered peridotite and explore this exciting occurrence for its MMS potential. Interim maps produced from the recent Aerotem2 airborne survey have been reviewed and are currently being used to continue the planning of exploration for the remainder of the property. At present, eight other anomalies are apparent. The field operations and eventual drilling are currently under the auspices of Billiken Management Services Inc, of Toronto, Ontario.

This press release has been prepared by management of Spider Resources Inc. and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 301,184,917 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

Click here to see all recent news from this company
http://www.marketwirecanada.com/mw/search.do?params=&grpSear…

Spider Resources Inc. - Toronto Head Office
Neil Novak
President and CEO
[phone]
Website: www.spiderresources.com Click here to see all recent news from this company

http://www.marketwirecanada.com/mw/rel_ca.jsp?id=831040

[Fantomas96]

Lund Gold (Noront-Joint-Venture) beschafft sich Kapital zur Finanzierung der Bohrung auf dem JV-Gebiet


http://biz.yahoo.com/ccn/080320/200803200450051001.html?.v=1


Lund Arranges Private Placements to Raise $2.5 Million
Thursday March 20, 12:34 pm ET



Gruß,
FANTOMAS

[Fantomas96]

Temex und East West berichten über VTEM-Auswertung ihrer James Bay Claims


http://biz.yahoo.com/cnw/080319/temex_eastwest_noront.html?.…


Temex and East West detect airborne EM conductors south of Noront Double Eagle discoveries

Wednesday March 19, 9:00 am ET


Gruß,
FANTOMAS

[Fantomas96]

WSR Gold hat definitve Vereinbarung mit Macdonald Mines zur Erlangung eines 75%-Anteils an der Big Mac Liegenschaft


http://biz.yahoo.com/ccn/080317/200803170449017001.html?.v=1


WSR Gold Inc.: Definitve Agreement Executed for the Big Mac Property, James Bay Lowlands

Monday March 17, 10:56 am ET



Gruß,
FANTOMAS

[Fantomas96]

Baltic (Noront Staking Syndicate-Partner) gibt es nicht mehr !
Die Haupt-Property geht in PhosCan über, die anderen Liegenschaften (u.a. James Bay) sind in die neue Gesellschaft Canadian Orebodies (CO.V) überführt worden.


http://biz.yahoo.com/cnw/080314/s_p_tsxv_index_change.html?.…

http://biz.yahoo.com/ccn/080304/200803040446501001.html?.v=1


Gruß,
FANTOMAS

[Fantomas96]

Golden Valley beendet luftgestützte elektromagnetische Auswertung der McFaulds Claims


http://biz.yahoo.com/ccn/080314/200803140448665001.html?.v=1


Golden Valley Mines Ltd.: Winter 2008 Exploration Program Updates

Friday March 14, 10:56 am ET

Drilling Underway on the Abitibi Grassroots and Beartooth Island Prospects McFaulds Lake Airborne Survey Completed


Gruß,
FANTOMAS

[Fantomas96]

Macdonald Mines mit neuer luftgestützter elektromagnetischer Auswertung hat neue Ziele identifiziert und mehr Land gestaked


http://biz.yahoo.com/ccn/080313/200803130448446001.html?.v=1


MacDonald Mines Defines 20km-Long Zone with Multiple Magnetic and/or Electromagnetic Targets in a Similar Stratigraphic Position to Noront's Eagle One Discovery; Provides 2008 Exploration Update

Thursday March 13, 1:06 pm ET


Gruß,
FANTOMAS

[Fantomas96]

Northern Shield mit Drilling Update


http://biz.yahoo.com/cnw/080311/e_northernsres_update.html?.…


Northern Shield Resources Provides Update on its PGE Exploration activities in the James Bay Lowlands; Completes drilling at Eastbank

Tuesday March 11, 12:53 pm ET


Gruß,
FANTOMAS

[Fantomas96]

So, die nächsten 2 Wochen werden wahrscheinlich einen großen Wendepunkt in der McFaulds Story bringen, einige (hoffentlich sehr positive) News stehen an (NOT,SPQ,FWR und vielleicht andere).
Es wird gedrillt und bei positiven Funden, vor allem in der 10km Target Zone, wird es zu einer neuen Situation für Noront und alle beteiligten (nahen) Area Player kommen.






Das neue kanadische Mining Camp wird dann zur Gewißheit werden, was viele neue Investoren anlocken sollte, denn das Potential ist riesig, vor allem wertvoll in rauhen Börsenzeiten wie diesen.

Auf eine interessante Zeit.

Gruß,
FANTOMAS

[mike32]

Lord of the Ring!!!
Posted by: lethalgal on March 25, 2008 05:59PM


Looking awfully good for the Ring players in the next week or so unless something very unexpected occurs.But with rumours of Neil Novak and Prof Mund. and maybe others up at Mcfaulds inspecting some cores, it certainly indicates something positive. They would not go to this trouble to examine Bad. Fwr is going to go big in a very short time. Not may be the leader,but FWR is not going to be far behind along with several others.


Even on the slim chance that Mcfaulds falters somewhat,there is no other Mcfaulds player that can still rise due its many other excellent properties. Clarence Stream Gold is huge and between 1-2 million shallow ounces. Windfall looks also to be grand and others with some rumours of a surprise find at one of their many properties.

Do your own DD. Go to sedar and the FWR website and also check the management profile on this site. I am biased but have not seen a better bunch.

A Very Excited and Long Suffering Shareholder

Lethalgal


http://www.agoracom.com/ir/freewest/messages/773327#message

[Fantomas96]

Metalex, Arctic Star and WSR Gold Execute Definitive Agreement for "Ring of Fire" Properties

Wednesday March 26, 12:30 pm ET


http://biz.yahoo.com/ccn/080326/200803260450864001.html?.v=1


Gruß,

FANTOMAS

[mike32]

Antwort auf Beitrag Nr.: 33.762.519 von Fantomas96 am 30.03.08 23:55:59

http://www.arcticstardiamond.com/s/PhotoGallery-Projects.asp

Einfach ein gelungener Schnappschuß !

gruss mike

[Fantomas96]

WSR hat mit Drill Programm in James Bay begonnen


http://www.agoracom.com/ir/Noront/messages/779235


NEWS - WSR and Partners to Commence Drilling on its James Bay Properties

Posted by: AGORACOM on March 31, 2008 09:12AM


TORONTO, ONTARIO - (March 31, 2008) - WSR Gold Inc. ("WSR") (TSX VENTURE: WSR) is pleased to announce that a 2,500 meter drill program has commenced on its recently acquired James Bay nickel and copper properties. Through three separate agreements WSR will operate the exploration of 17 Claim Blocks on the northeast corner of the "Ring of Fire" on behalf of its partners, Noront Resources Ltd. (TSX VENTURE:NOT), Metalex Ventures Ltd. (TSX VENTURE:MTX) and MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK). The agreements allow WSR an option to earn a 50% beneficial interest in both the NOT and MTX claims (as per our recent press releases) and WSR has an option to earn a 75% interest in the BMK claims (collectively the "Properties").

Since mobilization on February 25, 2008 WSR has:


1. Mobilized and completed construction of a 20 person exploration camp with all the required equipment;2. Mobilized an extensive exploration team;3. Reviewed flight data and prioritized exploration targets;4. Cut ground geophysics lines over the targets and a ground geophysics program is underway;5. Delineated a drill program; and 6. Mobilized a drill to the Properties.A 2,500 meter drill program is now underway on the prioritized exploration targets.WSR's total land position in the Ring of Fire, James Bay, Ontario is: Under option to acquire 50% interest: 25,900 hectares Under option to acquire 75% interest: 11,200 hectares ------- Total 37,100 hectares ------- -------
About WSR

WSR is a Canadian based mineral exploration company with extensive property holdings strategically located on and around the nickel/copper "Ring of Fire" in northern Ontario near James Bay.

WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an option agreement with Noront Resources Ltd. (TSX VENTURE:NOT) (see press release dated November 1, 2007). The area will include 15 Claim Blocks, approximately 4,400 hectares (9,600 acres) in the Ring of Fire, McFauld's Lake, Ontario near Noront's prolific nickel copper and platinum group metals discovery.

WSR has agreed to acquire a 75% interest in the Big Mac Property from MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) consisting of 51 Claim Blocks, approximately 27,660 acres (see press release dated February 15, 2008).

WSR has entered into an agreement with Metalex Ventures Ltd. (TSX VENTURE:MTX) and Arctic Star Diamond Corp. whereby WSR has the right to fund a maximum of $20.0 million in expenditures on the James Bay Lowlands Properties over a 4 year period to earn a maximum 50% interest. The James Bay Lowlands Properties comprise approximately 214.4 square kilometers (52,980 acres) (see press release dated March 26, 2008).

Forward looking statements: Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of WSR, including but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the unavailability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and as such, undue reliance should not be placed on forward-looking statements.

Shares Outstanding: 93,737,652


FANTOMAS

[Fantomas96]

Antwort auf Beitrag Nr.: 32.093.184 von Fantomas96 am 20.10.07 13:58:40

WSR drillt auf allen 3 JV Properties





FANTOMAS

[Fantomas96]

Canadian Orebodies (Nachfolger von Baltic) vergibt Optionen


http://biz.yahoo.com/ccn/080331/200803310452052001.html?.v=1


Canadian Orebodies Announces Grant of Stock Options

Monday March 31, 4:47 pm ET


FANTOMAS

[Fantomas96]

Nine Conductive Anomalies Found to Date on Metalex's James Bay Nickel and Copper Properties

Monday March 31, 7:30 am ET


http://biz.yahoo.com/cnw/080331/metalex_ventures_updt.html?.…



KELOWNA, BC, March 31 /CNW/ - Metalex Ventures Limited (MTX : TSX-V) WSR Gold Inc. (TSX-V:WSR - News; "WSR") and Arctic Star Diamond Corp. (TSX-V : ADD - News; "Arctic Star") announce that a drill program will shortly commence on our James Bay Nickel and Copper properties.

Since acquiring the claims in late 2007 and early 2008 the joint venture
has:

1. Completed helicopter borne magnetic and electromagnetic geophysical
surveys on nearly half of the joint venture claims;
2. Reviewed the geophysical data received to date and have identified
nine conductive anomalies accompanied by favorable magnetic
anomalies. These targets are mostly situated along the "Ring of
Fire" and have been prioritized;
3. Mobilized a competent field geologist as well as a ground geophysical
crew to a camp near the priority drill targets along the "Ring of
Fire";
4. Mobilized a heli-portable drill rig to our camp so that drilling can
commence as soon as the ground geophysics utilized to further
delineate the targets is complete;

Under the terms of the joint venture WSR can acquire up to a 50% beneficial interest in the properties by spending up to CDN$20.0 million over a four year period. Currently the properties total 21,440 hectares and are owned 91.5% by Metalex and 8.5% by Arctic Star.
Metalex is pleased with the progress of work on the joint venture properties to date and looks forward to the commencement of drilling.

Dr. Charles Fipke, P. Geo is the Qualified Person responsible for the technical contents of this press release.


"Chad Ulansky"

Chad Ulansky
President.

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





FANTOMAS

[Fantomas96]

Tja, man merkt, das James Bay Gebiet wird langsam "heiß":
es gibt fast täglich News von Area Play Firmen.
Warten wir also weiter gespannt auf die nächsten Drill Ergebnisse.


http://biz.yahoo.com/cnw/080401/temex_nicupge_proprty.html?.…


Temex and East West acquire nickel-copper-PGE property south of McFaulds Lake and Noront discovery

Tuesday April 1, 9:00 am ET


TSX Venture Exchange: TME, Frankfurt Exchange: TQ1
TORONTO, April 1 /CNW/ - Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or "the Company") announces that it has expanded its land position in the area of the Noront Resources Eagle One and Eagle Two nickel-copper-platinum group element (Ni-Cu-PGE) discoveries in the McFaulds Lake area, Ontario. The latest land acquisition, referred to as the Fishhook Property (the "Property"), includes one contiguous group of 968 claim units covering 34,560 acres, pursuant to a joint staking agreement with East West Resource Corporation ("East West") as equal partners, located 15 kilometres east of the GP Property, a group of 333 claim units announced by Temex and East West March 19, 2008.

Highlights:

- Extensive contiguous land position covering 34,560 acres adjacent and
proximal to properties held by Northern Shield Resources Inc., Impala
Platinum Holdings Ltd., International Nickel Ventures Inc., Vale Inco
Limited, and others
- Property covers the interpreted basal portion of, and the possible
'feeder conduits' to, the large mafic to ultramafic, Highbank Lake
Intrusion
- Property covers untested airborne EM anomalies from previous
geophysical surveys

The Fishhook Property, located approximately 45 kilometres to the south of the Noront discoveries, was staked to cover the interpreted basal portions of the Highbank Lake Intrusion. It is contiguous to the west of the area actively being explored by International Nickel Ventures Inc. on their Fishtrap Property, and by Northern Shield Resources Inc. ("Northern Shield") and Impala Platinum Holdings Ltd. ("Implats") on their Highbank Lake Project. Implats is the world's second largest producer of platinum, with production from mines in the Bushveld Complex, South Africa, which hosts roughly 80% of the world's known PGE reserves.
Recent work by Northern Shield has led to the conclusion that the Highbank Lake intrusion represents a large layered mafic to ultramafic intrusive complex with potential to host extensive layered PGE "reef" mineralization similar to that found in the Bushveld Complex. The Highbank Lake Intrusion covers some 500 square kilometres, ranking it as one of the ten largest intrusive complexes of its kind in the world (source www.northern-shield.com).

In addition to the potential for reef style PGE mineralization, Temex and East West interpret that the area near the base and below the Highbank Lake intrusion has potential to host significant Ni-Cu-PGE mineralization in the conduits or feeders below the intrusive suite, a setting analogous to the Noront discoveries and other large Ni-Cu-PGE deposits. The companies interpret from available published airborne magnetic and geological data that the basal portions of the intrusion and the location of the "feeder dykes" or "magma conduits" are likely to exist on the Fishhook Property.

Furthermore, the companies have identified at least two potentially significant untested airborne EM anomalies from a previous survey that covers only a small portion of the Fishhook Property. The companies anticipate that new detailed airborne geophysical surveying will commence in April using the VTEM system of Geotech Ltd. with results expected in May; targets will then be prioritized for a follow-up drill program.

Bruce Durham, P. Geo., is the designated qualified person responsible for the preparation of this news release. Temex is a well-funded Canadian exploration company advancing its precious metal, nickel, diamond and uranium projects in Ontario.

Investors are invited to visit the Temex IR Hub at http://www.agoracom.com/ir/Temex where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to mailto:TME(at)agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.


On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO

(x)The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release(x)


For further information

Ian Campbell or Bruce Durham at [phone], or visit www.temexcorp.com for more detailed information on each project, and where the Company's latest presentation has been posted

--------------------------------------------------------------------------------
Source: Temex Resources Corp.



FANTOMAS

[Fantomas96]

News von Probe (sehr interessant aus geologischer Sicht !) :


http://biz.yahoo.com/ccn/080401/200804010452133001.html?.v=1


Probe Mines Discovers Mafic Intrusive Outcrop on McFauld's West Property, James Bay Lowlands, Ontario; Project Update

Tuesday April 1, 7:00 am ET


TORONTO, ONTARIO--(Marketwire - April 1, 2008) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB - News; "Probe") are pleased to provide an update on the Company's 100%-owned McFauld's West property, located approximately 450m from Noront Resources Eagle One discovery.

Mafic Intrusive Discovered

During recently completed ground geophysical surveys, a mafic intrusive was discovered in outcrop on the grid indicating a potential extension of the Eagle One intrusive system on Probe's property. The outcrop represents a significant find given its composition, being a potential nickel-copper-PGE host, its proximity to the Eagle One deposit and the lack of rock exposures in this part of the McFauld's Lake area. The intrusive body corresponds to an 800 metre long northwest-trending magnetic anomaly stretching across the property and is coincident with one of the two magnetic anomalies identified in previous airborne surveys (click here for map). The presence of this potential nickel host is important as it confirms the geophysical and geochemical interpretation of a mafic/ultramafic intrusive system on the McFauld's West property. The sample is being sent for whole-rock analysis. The property is currently under three to four feet of snow and a detailed mapping program is planned for the spring.

Ground Geophysical Program

The ground geophysical program incorporating Insight Geophysics' deep penetrating electromagnetic system has been completed and the Company is currently waiting for results. The program comprised an initial gradient survey over the entire grid followed by four Insight sections covering areas highlighted by the gradient survey. The Insight technique uses a spectral IP array providing high-density readings and better resolution of the electromagnetic signature than traditional surveys and has an effective depth penetration of 400 metres. The results are currently being processed using a 2D inversion model in order to accurately locate the anomalies for drilling and will be released pending final interpretation by Insight.

Following the Insight survey a ground magnetics program was run in order to better define the magnetic anomalies on the property. The program was successful in further resolving the two anomalies identified by airborne surveys. The eastern anomaly occurs as a large, oval, magnetic high over 900 metres in length and 400 metres in width. The anomaly contains three distinct lobes in the interior, one of which is coincident with the nickel-copper-silver-gold soil geochemical anomaly identified by Probe Mines. To the west, the second magnetic anomaly occurs as an 800 metre-long, northwest-trending linear feature and is associated with the mafic intrusive outcrop discovered during the magnetic survey. This feature originates from magnetic highs located to the south on Noront Resources' Double Eagle property hosting the Eagle One nickel-copper-PGE deposit.

Airborne Geophysics

The helicopter borne electromagnetic/magnetic survey has been completed and final results are expected shortly. The Company will update shareholders on all of the geophysical data after interpretations have been received.

MMI Soil Anomaly

As previously reported, results from a mobile metal ion (MMI) soil geochemistry profile indicate the potential for a buried, nickel/copper/gold/silver-bearing deposit associated with the eastern magnetic anomaly on the property. Ground magnetic data indicate the MMI anomaly occurs over the largest of the three magnetic high lobes comprising the oval anomaly. Within a 200m section of the profile, samples displayed highly anomalous values for nickel, copper, silver and cobalt with response ratios of up to 9.1, 36, 18 and 14.5 times background, respectively, while gold consistently showed values of 4 times background. The strong correlation between nickel and cobalt, and copper-silver-gold indicate an internal consistency to the data suggesting these elements, typically found in sulphide mineralized mafic-ultramafic intrusives, are traveling together and most likely derived from a unique source.

Diamond Drill Program

Mantis Mineral Corp has advised the Company that the drill originally planned to mobilize to the McFauld's Lake area has been delayed and will not be in the area until after breakup. This drill was to be used for the McFauld's West drilling by Probe, however we are now seeking other alternatives. Although an unfortunate delay, this will allow us to further evaluate the results of the recent surveys and continue mapping the intrusive system on the property. This new timetable will be useful for refining the drill program and will allow for an expanded program, not being constrained by winter breakup as the earlier proposed program was. Probe is currently in discussions with a drill contractor and the new drilling schedule will be released once a contract has been signed.

Significant Potential

The Company is encouraged by the preliminary geophysical and geochemical results, which suggest significant potential for multiple buried, sulphide-bearing, mafic-ultramafic intrusives. David Palmer, President of Probe Mines states, "The field work conducted to date on the property has developed into a very compelling story. We have delineated two prominent magnetic features, identified a strong nickel-copper geochemical anomaly over one, and discovered mafic intrusive bedrock over the second, all within a stone's throw from the major high-grade nickel discovery at Eagle One. The discovery of mafic intrusive in outcrop has raised the potential of the property significantly from an interpretive stage to a physical reality, and suggests the Eagle One magmatic system extends well to the northwest on Probe's property. We are now waiting for the rest of the geophysical results and will be ready to begin drill testing the property. We have had encouraging results at each step and we are anxious to begin the next phase of exploration. Although we have been unavoidably delayed, this gives us a very good opportunity to thoroughly evaluate our data and insure that we are designing the most effective drill program with the best chance of success".

The McFauld's area is receiving considerable attention with continuing reports of high-grade nickel-copper-PGE mineralization from the Eagle One discovery. The most recent drilling intersection returned the highest grade material to date averaging 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver over 46.6 meters. Probe Mines has been established in the McFauld's Lake area since 2003 and also owns the nearby Tamarack property, under option to Mantis Mineral Corp and the Victory Project, comprising 484 claims over an associated volcanic belt. In addition to Noront's nickel-copper discovery, the McFauld's Lake area is host to numerous volcanic-hosted Cu-Zn discoveries, one of which is located on the Tamarack claims, and management believes the area has the potential to develop into Canada's next major mining camp.

About Probe Mines:

Probe Mines Limited is a Canadian base and precious metal exploration company with a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld's Lake area where it owns 931 claims covering almost 15,000 hectares. This includes a 100% interest in the McFauld's West Project, comprised of 12 claims (192 hectares) situated less than 450 metres from the site of Noront's significant new nickel-copper discovery, representing one of the closest properties to the discovery. Probe currently has joint venture agreements on its Bristol Township gold project (West Timmins Mining Inc.) and Tamarack base metal project (Mantis Mineral Corp.). The Bristol Project is adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has recently announced a positive pre-feasibility study for the project. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, slated for production in 2008. The company's shares trade on the TSX Venture Exchange under the symbol PRB.

Investors are invited to visit the Probe Mines IR Hub at http://www.agoracom.com/IR/Probemines where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com, or contact:

Forward-Looking Statements

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact:
David Palmer, Ph.D.
Probe Mines Limited
President
[phone]

Karen Willoughby
Probe Mines Limited
Investor Relations
1-866-365-4724
Website: www.probemines.com

--------------------------------------------------------------------------------
Source: Probe Mines Limited


FANTOMAS

[Fantomas96]

Mit Bold Ventures (BOL.V) nun ein weiterer Noront-JV-Partner (diesmal ungewöhnlicherweise in der Mitte des Rings):






http://www.agoracom.com/ir/Noront/messages/781996


NEWS - BOLD Ventures: Option Agreement Signed With Noront Resources Ltd. to Earn 50% on 6 Claim Blocks in the "Ring of Fire"
Posted by: AGORACOM on April 02, 2008 09:25AM



VANCOUVER, BRITISH COLUMBIA - (April 2, 2008) - BOLD Ventures Inc. (TSX VENTURE:BOL) ("Bold") is pleased to announce that they have entered into an option agreement with Noront Resources Ltd. (TSX VENTURE: NOT) ("Noront") pursuant to which Bold Ventures has been granted the option to acquire a 50% legal and beneficial interest in 96 claim units covering approximately 3800 acres on the 'Ring of Fire', McFaulds Lake area, Ontario, approximately 30 km north of Noront's Eagle One Copper, Nickel PGM discovery.



"We are very excited to work on another project with Richard Nemis and Noront," says Gary F. Zak, Director of Bold Ventures. "Richard and I worked extensively together beginning in September 1996 when I managed Alto Ventures Ltd. (ATV) and we optioned Noront's Windfall Lake claim group. During the fall 1997 drill program, we made the Windfall Lake discovery of high-grade gold intersections and subsequently the Noront/Alto joint venture was formed. We look forward to duplicating this winning formula ten years later on the McFaulds Lake 'RING STAR' project now optioned with Noront."



"We believe Noront's Eagle discoveries in the Ring of Fire provide proof for the potential for numerous deposits in the McFaulds Lake district. That area of James Bay Lowlands of Ontario has had a lack of exploration but with the development of modern technology, equipment and easier access, we believe there will be a number of new discoveries. In discussions with IBK Capital, Bill White has indicated that the proposed exploration spending over the next three to five years to be $250 million. Bold is thrilled to be involved with the 20 or so other juniors exploring the Ring of Fire and our partnership with Noront and their world class discovery."



Terms and Conditions of Option Agreement



In order to acquire its interest in the property, Bold is required to:



1. Make an initial payment to Noront of $120,000 or issue to Noront a total of 240,000 common shares of Bold, on both parties receiving all required approvals, including any TSX Venture Exchange approval and board of director approval of the option agreement;



2. Incur total exploration expenditures on the property of $2.1 million over a three year period (of which $600,000 must be expended in the first year);



3. Make total cash payments to Noront of $240,000 within two years of receiving the above-noted approvals of the option agreement (of which $120,000 must be paid by the first anniversary, and any portion of the total of $240,000 may be satisfied at the option of Noront, by the issuance to Noront of up to 400,000 common shares of Bold at a deemed price of $0.50 per share).



Upon Bold earning its 50% interest in the property, Bold and Noront shall form a joint management committee to further develop the property as a joint venture, with Noront continuing to act as the operator.



Subject to TSX Venture Exchange and Board of Directors approval, a finders fee of 200,000 shares is payable in respect to this transaction.



The Ring of Fire - McFaulds Lake area, James Bay Lowlands, Ontario



In September 2007, Noront's first significant discovery, known as Eagle One, yielded some exceptional grades, including 5.90% nickel, 3.10% copper, 2.87 g/t platinum and 9.78 g/t palladium over 68.3 metres (NOT-07-05) as well as 6.30% nickel, 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres (NOT-07-27). Subsequent drilling has continued to intersect high-grade mineralization and just recently, Noront announced the discovery of Eagle Two, a second nickel-copper massive sulphide occurrence situated 2 kilometres southwest of Eagle One.



Bold's property is located approximately 30 kilometres directly north of Noront's Eagle One discovery and covers an 8.4 square kilometre area of the Ring of Fire. The Company's management team is encouraged by the proximity to the Eagle One significant discovery and believes there is potential for this property to also host mineralization. The project is located over a large gravity anomaly which is of sufficiently large size to suggest that it is a mafic/ultramafic body that could be the central intrusive source for the massive nickel/copper mineralization discovered by Noront.



Airborne Geophysical Survey



Noront has advised Bold that a state-of-the-art detailed airborne geophysical survey on the property was recently completed by Aeroquest International Limited and the data is currently being examined by Scott Hogg and Associates. The results of the survey are expected shortly and will be used to outline drill target identification and future work programs.



Results and work plans will be released as they become available.



ABOUT BOLD VENTURES INC.



Bold Ventures is a Tier 2 natural resource company on the TSX Venture Exchange, trading symbol BOL, with 11,750,000 shares issued to date. The Company's main emphasis is on a VMS/nickel/copper exploration property through an option agreement with Noront Resources Ltd. in the McFaulds Lake 'Ring of Fire' area of Northern Ontario. By an option agreement dated June 21, 2006 (the "Option Agreement"), the Company has an option to acquire a 100% undivided interest in the Kentucky Lake copper/gold in the Nicola Mining Division, located in British Columbia.



ABOUT NORONT RESOURCES LTD.



Noront is a tier 2 junior resource company involved in the acquisition, exploration and development of properties for the mining of precious and base metals, and is currently active with exploration projects in Canada, Mexico, China and Hungary. Double Eagle Project (Ring of Fire) McFaulds Lake: 100% interest in 34 claims comprising 533 units, encompassing an area of 8,528 hectares (21,320 acres). The Properties are located in the James Bay Lowlands of north central Ontario some 580 km NW from the city of Timmins and 530 km NNE form the city of Thunder Bay. The trading symbol is NOT on the TSX Venture Exchange and has 125,377,082 shares issued to date.



CAUTIONARY STATEMENT



No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Bold Ventures Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Bold Ventures Inc. plans and expectations as detailed herein and from time to time in the filings made by Bold with the TSX Venture Exchange and securities regulators. Bold Ventures Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.



On behalf of the board of directors of Bold Ventures Inc.,



Gary F. Zak, Director



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



For more information, please contact

BOLD Ventures Inc.
Gary F. Zak
Director
[phone]
Email: [e-mail]

or

BOLD Ventures Inc.
Sarah CJ Jones
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.boldventuresinc.com


FANTOMAS

[Fantomas96]

WSR könnte ein interessanter Wert im ROF sein





http://www.marketwirecanada.com/mw/rel_ca.jsp?id=840124&k=ws…



WSR Gold Inc.

TSX VENTURE: WSR


Apr 03, 2008 15:53 ETWSR Gold Inc. Announces $8 Million Guaranteed Private Placement Financing
TORONTO, ONTARIO--(Marketwire - April 3, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

WSR Gold Inc. (TSX VENTURE:WSR) ("WSR") is pleased to announce that it has entered into an agreement to raise gross proceeds of $8,000,000 by way of a brokered private placement of units ("Units") and flow-through units ("FT Units") of WSR on a guaranteed basis. Each Unit will be issued at a price of $0.50 per Unit, and shall consist of one common share of WSR and one-half of one common share purchase warrant (each whole such warrant, a "Warrant"). Each FT Unit will be issued at a price of $0.60 per FT Unit, and shall consist of one "flow-through" common share of WSR and one-half of one Warrant. Each whole Warrant shall entitle the holder thereof to acquire one additional common share of WSR at an exercise price of $0.65 per share for a period of 12 months from the date of issuance thereof.

Primary Capital Inc. and PowerOne Capital Markets Ltd. have agreed to act as agents in connection with the offering, pursuant to which they will receive an aggregate cash commission of 6.5% of the gross proceeds raised in the offering, as well as such number of compensation warrants ("Compensation Warrants") as is equal to 6.5% of the total number of Units and FT Units sold in the offering. Each Compensation Warrant shall be exercisable to acquire one Unit at an exercise price of $0.50 for a period of one year following the date of issuance thereof.

The private placement remains subject to completion of definitive documentation and the approval of the TSX Venture Exchange.

About WSR

WSR is a Canadian based mineral exploration company with extensive property holdings strategically located on and around the nickel/copper "Ring of Fire" in northern Ontario near James Bay.

WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an option agreement with Noront Resources Ltd. (TSX VENTURE:NOT) (see press release dated November 1, 2007). The area covers 15 claim blocks comprising approximately 4,400 hectares (9,600 acres) in the Ring of Fire, McFauld's Lake, Ontario, near Noront's prolific nickel, copper and platinum group metals discovery.

WSR has the right to acquire a 75% interest in the Big Mac property from MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) consisting of 51 claim blocks comprising approximately 27,660 acres (see press release dated February 15, 2008).

WSR has also entered into an agreement with Metalex Ventures Ltd. (TSX VENTURE:MTX) and Arctic Star Diamond Corp. where by WSR has the right to fund up to $20,000,000 in exploration expenditures on James Bay Lowlands Properties over a 4 year period to earn a maximum 50% interest in such properties, subject to the approval of the TSX Venture Exchange. The James Bay Lowlands Properties comprise approximately 214.4 square kilometers (52,980 acres) (see press release dated March 26, 2008).

The common shares of WSR trade on the TSX Venture Exchange under the symbol "WSR".

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of WSR, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Shares Outstanding: 94,062,652


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

For more information, please contact

WSR Gold Inc.
John Tait
President and Chief Executive Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.wsrgold.ca



FANTOMAS

[HeinzBork]

TORONTO, ONTARIO--(Marketwire - April 8, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" are pleased to announce the progress of the diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences discovered by Spider and KWG and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One Magmatic Massive Sulphide ("MMS") discovery, in the James Bay Lowlands region of Northern Ontario.



This diamond drilling program has started the drill test work around the chrome-nickel-platinum group metal bearing peridotite previously discovered by Spider and KWG in 2006, which has many similarities to the new discovery (Eagle Two) of Noront. Billiken Management Services Inc. ("Billiken") has been retained to complete the field program under the onsite supervision of Dr. Howard Lahti, P.Geo., of Fredricton New Brunswick. The approved budget for the program is $2.4 million, the cost of which will be shared 50:50 between Spider and KWG, after which an additional exploration program with related costs may be recommended as a result of the first phase of the program.



Three holes, numbered FW-08-05, FW-08-06 and FW-08-07 have been completed totalling 1,117 meters and hole FW08-08 is underway to test a new anomaly located approximately 1 kilometre to the northeast of the chromitite layered peridotite, along the magnetically inferred "Ring of Fire".



Hole FW-08-05 was designed to undercut hole FW-06-03, drilled at an inclination of -50, with an azimuth of 150 degrees, total depth of 327 meters. This hole was collared in overburden and entered granodiorite at 17.5 meters, then intersected peridotite at 46.5 meters. The hole remained in peridotite until it intersected three massive chromitite layers between 252.2 and 273.1, each being around 1 meter wide, within the peridotite. This intersection was followed by a very thick massive chromitite layer between 291.4 and 298.8 in fault (gouge) contact with underlying intermediate tuff (volcanic rocks). Pyrrhotite and chalcopyrite mineralization was observed in a short shear zone in peridotite between 69.1 and 69.3 meters. Hole FW-08-06, located 100 meters grid west of FW-08-05, was drilled at an inclination of -50, with an azimuth of 150 degrees, to a total depth 384 meters, being the maximum length for the drill being utilized when drilling NQ core. The hole was collared in limestone, entered granodiorite at 17.8 meters, then intersected peridotite at 103.3 meters. At 330.2 meters, massive chromitite layering starts, interstitial rock at this location is described as pyroxenite/peridotite with local thin bands of massive magnetite. At 346.5 to 384 meters the rock is pyroxenite with short (1 m) chromitite beds, and erratic patches of fine grained pyrrhotite and pyrite throughout.



Hole FW-08-07, located 100 meters grid east of FW-08-05, was drilled at an inclination of -50, with an azimuth of 150 degrees. This hole was drilled to a final depth of 405.7 meters. Hole 7 encountered peridotite right away at 10 meter core length and the hole remained in peridotite until 194.7m. Chromitite layering started in a Pyroxenite, followed by short chromitite layers between 194.7 to 195 meters, and between 197.8 to 205.5 meters, followed by a thick bed of chromitite between 209.8 to 223.3 meters. This hole continued in pyroxenite until 300 meters where the hole entered gabbro and remained in this rock unit until 405.7 meters.



As stated in earlier press releases, nine separate SW-NE trending magnetically and electromagnetically rendered anomalies were identified within the limits of the property, as described within an Interim report prepared by Scott Hogg and Associates of Toronto Ontario previously announced on February 22, 2008, most of which warranted additional follow-up. Line-cutting has recently been completed over the entire property, ground geophysical surveying including magnetic, electromagnetic (VLF) and MaxMin electromagnetics continues and has been completed on the western portion of the property in the vicinity of the initial three drill sites, as well as the fourth site, results of which are being used to plan additional drilling in this area as well as other areas nearby.



Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both these dimensions, and the peridotite setting similarity to Noront's Eagle One MMS discovery (located 3.6 km to the SE), as well as the newly discovered Eagle Two sheared massive sulphide occurrence, (located 2 km to the SE of Eagle One) which also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. Noront's peridotite sill, announced on April 2, is rendered by airborne geophysics to continue to the east-north-east of their Eagle One occurrence towards and through the Freewest Option property of Spider and KWG. The focus of the current drilling program will be to further investigate this Cr-PGE-Ni occurrence and to test several of the other anomalies on the property.



Neil Novak, P.Geo., President of Spider, accompanied by Donald Hoy, P.Geo., Vice-President of Exploration for Freewest, visited the project from March 25 to March 27 to get updated and continue planning the exploration program for the project.



The terms of the agreement with Freewest are disclosed in earlier press releases (see press release December 19, 2005, as well press release dated February 4, 2008).



This press release has been prepared by management of Spider Resources Inc., which is the Operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 303,216,017 shares issued in Spider.



On behalf of the board of directors,



Neil Novak, President and CEO



This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.



This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.



FOR FURTHER INFORMATION PLEASE CONTACT:



Spider Resources Inc.

Neil Novak

President and CEO

[phone]

[mike32]

Antwort auf Beitrag Nr.: 33.837.822 von HeinzBork am 08.04.08 16:57:17

NEWS - Spider, KWG and Freewest Provide Drill Update on Freewest Option Property McFauld's Lake Area, Northern Ontario
Posted by: AGORACOM on April 08, 2008 10:00AM


TORONTO, ONTARIO--(Marketwire - April 8, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG"

and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" are pleased to announce the progress of the diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences discovered by Spider and KWG and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One Magmatic Massive Sulphide ("MMS") discovery, in the James Bay Lowlands region of Northern Ontario.



This diamond drilling program has started the drill test work around the chrome-nickel-platinum group metal bearing peridotite previously discovered by Spider and KWG in 2006, which has many similarities to the new discovery (Eagle Two) of Noront. Billiken Management Services Inc. ("Billiken") has been retained to complete the field program under the onsite supervision of Dr. Howard Lahti, P.Geo., of Fredricton New Brunswick. The approved budget for the program is $2.4 million, the cost of which will be shared 50:50 between Spider and KWG, after which an additional exploration program with related costs may be recommended as a result of the first phase of the program.



Three holes, numbered FW-08-05, FW-08-06 and FW-08-07 have been completed totalling 1,117 meters and hole FW08-08 is underway to test a new anomaly located approximately 1 kilometre to the northeast of the chromitite layered peridotite, along the magnetically inferred "Ring of Fire".



Hole FW-08-05 was designed to undercut hole FW-06-03, drilled at an inclination of -50, with an azimuth of 150 degrees, total depth of 327 meters. This hole was collared in overburden and entered granodiorite at 17.5 meters, then intersected peridotite at 46.5 meters. The hole remained in peridotite until it intersected three massive chromitite layers between 252.2 and 273.1, each being around 1 meter wide, within the peridotite. This intersection was followed by a very thick massive chromitite layer between 291.4 and 298.8 in fault (gouge) contact with underlying intermediate tuff (volcanic rocks). Pyrrhotite and chalcopyrite mineralization was observed in a short shear zone in peridotite between 69.1 and 69.3 meters. Hole FW-08-06, located 100 meters grid west of FW-08-05, was drilled at an inclination of -50, with an azimuth of 150 degrees, to a total depth 384 meters, being the maximum length for the drill being utilized when drilling NQ core. The hole was collared in limestone, entered granodiorite at 17.8 meters, then intersected peridotite at 103.3 meters. At 330.2 meters, massive chromitite layering starts, interstitial rock at this location is described as pyroxenite/peridotite with local thin bands of massive magnetite. At 346.5 to 384 meters the rock is pyroxenite with short (1 m) chromitite beds, and erratic patches of fine grained pyrrhotite and pyrite throughout.



Hole FW-08-07, located 100 meters grid east of FW-08-05, was drilled at an inclination of -50, with an azimuth of 150 degrees. This hole was drilled to a final depth of 405.7 meters. Hole 7 encountered peridotite right away at 10 meter core length and the hole remained in peridotite until 194.7m. Chromitite layering started in a Pyroxenite, followed by short chromitite layers between 194.7 to 195 meters, and between 197.8 to 205.5 meters, followed by a thick bed of chromitite between 209.8 to 223.3 meters. This hole continued in pyroxenite until 300 meters where the hole entered gabbro and remained in this rock unit until 405.7 meters.



As stated in earlier press releases, nine separate SW-NE trending magnetically and electromagnetically rendered anomalies were identified within the limits of the property, as described within an Interim report prepared by Scott Hogg and Associates of Toronto Ontario previously announced on February 22, 2008, most of which warranted additional follow-up. Line-cutting has recently been completed over the entire property, ground geophysical surveying including magnetic, electromagnetic (VLF) and MaxMin electromagnetics continues and has been completed on the western portion of the property in the vicinity of the initial three drill sites, as well as the fourth site, results of which are being used to plan additional drilling in this area as well as other areas nearby.



Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both these dimensions, and the peridotite setting similarity to Noront's Eagle One MMS discovery (located 3.6 km to the SE), as well as the newly discovered Eagle Two sheared massive sulphide occurrence, (located 2 km to the SE of Eagle One) which also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. Noront's peridotite sill, announced on April 2, is rendered by airborne geophysics to continue to the east-north-east of their Eagle One occurrence towards and through the Freewest Option property of Spider and KWG. The focus of the current drilling program will be to further investigate this Cr-PGE-Ni occurrence and to test several of the other anomalies on the property.



Neil Novak, P.Geo., President of Spider, accompanied by Donald Hoy, P.Geo., Vice-President of Exploration for Freewest, visited the project from March 25 to March 27 to get updated and continue planning the exploration program for the project.



The terms of the agreement with Freewest are disclosed in earlier press releases (see press release December 19, 2005, as well press release dated February 4, 2008).



This press release has been prepared by management of Spider Resources Inc., which is the Operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 303,216,017 shares issued in Spider.



On behalf of the board of directors,



Neil Novak, President and CEO



This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.



This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.



FOR FURTHER INFORMATION PLEASE CONTACT:



Spider Resources Inc.

Neil Novak

President and CEO

[phone]

http://www.agoracom.com/ir/freewest/messages/788845#message

[Fantomas96]

Noront / Hawk Joint Venture:


Claims





Geologie





FANTOMAS

[Fantomas96]

Antwort auf Beitrag Nr.: 33.841.247 von Fantomas96 am 08.04.08 22:55:22

http://biz.yahoo.com/ccn/080408/200804080453621001.html?.v=1


Noront Commences Work Programme on Hawk Uranium Inc. 50/50 JV Property-"Ring of Fire" Area, McFaulds Lake

Tuesday April 8, 9:47 am ET



.....


It is anticipated that once the geophysical surveys are completed, a diamond drilling program will be recommended utilizing one of the three recently acquired drill rigs owned and operated by Orbit Forages of Val d'Or, Quebec, on assignment at the Noront "Ring of Fire" project.


.....


FANTOMAS

[Fantomas96]

Jetzt könnte es bald bei Seafield auch losgehen:


http://biz.yahoo.com/ccn/080410/200804100454172001.html?.v=1


Seafield Completes Heliborne Survey With Noront, Drilling at Tango (Mexico) Completed, Assays Pending

Thursday April 10, 10:11 am ET


Gruß,

FANTOMAS

[blackwhiteknight]

Antwort auf Beitrag Nr.: 33.875.537 von Fantomas96 am 13.04.08 18:37:41

GZZ

Golden Valley Mines gefällt mir sehr gut, weil sparsam, aggressiv und risikoreich zugleich. (Hab schon was im Depot.)

Auszug aus Meldung von gestern:

New Opportunities - Property Acquisitions: Golden Valley Mines has staked an additional 80 claims (1,167 claim units) covering some 18,672 hectares in the area of Noront Resources Double Eagle nickel-copper-platinum group elements (Ni-Cu-PGE) discoveries in the McFauld's Lake area, James Bay Lowlands, Ontario. The company's land holdings in the McFauld's Lake area now total 85 claims (1,231 claim units) covering 19,696 hectares or approximately 197 sq.-km. The target selection process was based on the identification of similar geophysical responses within extensions of the favourable geological terrain associated with the Double Eagle discovery area (the "Ring of Fire"), along strike to the northeast. In addition, two separate claim blocks were also acquired over strong positive magnetic anomalies similar in character and along a sub-parallel geophysical trend located approximately 24 and 34 kilometres northeast.

Future exploration and/or joint venture plans will be announced and maps provided once official claim certificates have been received for the Ontario Ministry of Mines and Development in the next 1-2 weeks.

Gruß BWK

[Fantomas96]

Neuer Area Player im ROF: UNITED REEF Ltd. (URP.V)


http://biz.yahoo.com/ccn/080414/200804140454652001.html?.v=1



Canstar Announces Option Agreement With United Reef Limited on Its McFauld's Lake Properties, James Bay Lowlands, Ontario

Monday April 14, 9:15 am ET


FANTOMAS

[Fantomas96]

United Reef schieb gleich ein PP nach !


http://biz.yahoo.com/ccn/080414/200804140454661001.html?.v=1


United Reef Options McFauld's Lake Property in the James Bay Lowlands, Ontario and Negotiates $300,000 Private Placement

Monday April 14, 9:15 am ET


FANTOMAS

[Fantomas96]

Superior Diamonds heißt jetzt Northern Superior Resources, Ticker bleibt SUP.V


http://biz.yahoo.com/ccn/080414/200804140454907001.html?.v=1


Northern Superior Resources Inc. Introduced as New Name for Superior Diamonds

Monday April 14, 5:54 pm ET


FANTOMAS

[Fantomas96]

Mill City und Temex Update zu James Bay Claims


http://biz.yahoo.com/cnw/080415/mill_city_temex_drill.html?.…


Mill City and Temex identify numerous high priority drill targets

Tuesday April 15, 9:00 am ET


FANTOMAS

[Fantomas96]

East West erweitert Team


http://biz.yahoo.com/ccn/080416/200804160455268001.html?.v=1


East West Strengthens Technical Team

Wednesday April 16, 8:51 am ET


FANTOMAS

[Fantomas96]

Canadian Orebodies mit PP-Ankündigung


http://biz.yahoo.com/ccn/080417/200804170455708001.html?.v=1


Orebodies Announces Private Placement

Thursday April 17, 4:07 pm ET


FANTOMAS

[Fantomas96]

Lund Gold schließt PP über CAD 2,534 Millionen : 8,975 Mio. Aktien zwischen CAD 0,24 und 0,30


http://biz.yahoo.com/ccn/080416/200804160455497001.html?.v=1


Lund Closes Private Placements of $2.5 Million

Wednesday April 16, 7:51 pm ET


FANTOMAS

[mike32]

http://www.agoracom.com/ir/freewest/messages/816728#message





NEWS - Freewest and Rockport Continue to Expand Deep Zone and Intersect 17.25 g/t Gold Over 5 Metres in New Zone, at Clarence Stream, New Brunswick
Posted by: AGORACOM on April 30, 2008 01:41PM

MONTREAL, QUEBEC, CANADA-(April 30, 2008) - Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc., (TSX VENTURE:FWR) and Henry A. Miller, COO of Rockport Mining Corp. ("Rockport"), today report the results of additional diamond drilling completed on the Clarence Stream gold property (the "Property"). The Property comprising 11,296 hectares is located close to infrastructure, 70 kilometres southwest of Fredericton and 10 kilometres east of the Mount Pleasant tin-tungsten-molybdenum-indium facility in Charlotte County, southwestern New Brunswick.


Management is further encouraged by the resource expansion of the Deep Zone and by the discovery of the New Zone which returned 17.25 g/t Au over a width of 5.00 metres in CS08-290. Collectively, continued drilling of both zones along strike and to depth should significantly add to the gold mineral resource at Clarence Stream, a prime goal of the 2008 drilling campaign. In addition, planned drilling will continue to test the mineralized trend along it's 15 km length in areas such as the East Zone where previous shallow drilling encountered mineralization grading 12.51 g/t Au over a width of 3.0 metres (CS07-246) and 12.45 g/t Au over 4.5 metres (CS07-240).


Previous drilling along this 15 km trend has been shallow, generally above the 100 meter level. The continued success of the current "deeper" drill program has demonstrated the scale of this large gold system and its resource potential at depth. Rockport Mining Corp. is currently funding an aggressive first-year $3,000,000 exploration program at Clarence Stream under the operatorship of Freewest. The prime objective is to increase the project's mineral resource to the million-ounce plus range during 2008. Due to the ongoing success, Freewest and Rockport are currently outlining plans to further accelerate the resource expansion drilling at Clarence Stream.


Recent drilling was directed at continuing to expand on the dimensions of the Deep Zone. Highlighting the results obtained from prior drilling of the Deep Zone are drill intercepts of 7.98 g/t Au over 12.00 metres (CS08-272) and 7.11 g/t Au over 5.00 metres (CS08-273) (see Freewest news release of February 29, 2008). Additional intercepts include 16.60 g/t Au over 2.00 metres (CS08-290), 3.86 g/t Au across 4.00 metres (CS08-289) and 3.50 g/t Au over 4.00 metres, in drill-hole CS08-284. The significant drill results obtained from the recently completed drilling program are summarized below in Table 1.







The Deep Zone currently has been traced over a strike length of 550 metres (line 500E to line 1050E) and at depths ranging from 200 metres to 450 metres below surface. It currently remains open-ended along strike and to depth (see Figure 1 - Longitudinal Section of the Proximal Deposits is part of this news release and is posted on the Freewest website at www.freewest.com). Mineralization occurs in a high-strain zone in quartz veins, quartz stock-work and disseminations, hosted within biotite-cordierite hornfels as well as microgranite and gabbro dikes and sills.


While drilling the Deep Zone, a new parallel zone of gold mineralization was encountered immediately to the north of the Deep Zone, within its hanging wall. The zone known as the New Zone, has been currently tested over a strike length of close to 650 metres (from line 500E to 1150E) and to a maximum depth of about 300 metres below surface. It too, remains completely open along strike and to depth.


Highlighting the results obtained from the New Zone are drill intercepts of 17.25 g/t Au over a width of 5.00 metres (CS08-290), 3.86 g/t Au over 4.00 metres (CS08-289) and 26.60 g/t Au over a core length of 0.50 metres (CS07-270). The style and nature of mineralization in the New Zone is similar to that of the Deep Zone, with gold occurring in quartz veins and wall-rock disseminations within metasedimentary rocks in close association with microgranite sills. In hole CS08-290, appreciable visible gold occurs with arsenopyrite, sphalerite, pyrite, pyrrhotite and stibnite in sheared recrystallized quartz veins.


The significant drill results obtained from the New Zone are summarized in Table 2 below.





Under the terms of an agreement with Freewest (October 2007), Rockport may earn a 30% interest in the Property by spending $3,000,000 on exploration on or before October 2008. They may earn a cumulative 50% interest by spending $4,500,000 on exploration prior to October 2011. A cumulative 65% interest may be obtained by Rockport by funding the Property through to a feasible study. Rockport is a well-funded St. Andrews-based mineral exploration company.


Glen Lutes, P. Geo. (New Brunswick) is the qualified person on-site at the Clarence Stream property. Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director of Freewest Resources Canada Inc. is responsible for the preparation of this news release.


Freewest is a well-funded mineral exploration corporation, with working capital in excess of $9 million, exploring for gold and base-metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest' shares are listed on the TSX Venture Exchange under the symbol FWR.



The TSX Venture Exchange has not approved and does not accept responsibility for the adequacy or of this press release.




CONTACT INFORMATION:

Freewest Resources Canada Inc.

Mackenzie I. Watson

President and CEO

514-878-3551 or 1-888-878-3551

Fax: [phone]
[e-mail]

www.freewest.com


or


Rockport Mining Corp.

Henry A. Miller

Chief Operation Officer

506-529-8206

Fax: [phone]

[Broker_Hans]

Antwort auf Beitrag Nr.: 33.926.973 von Fantomas96 am 19.04.08 23:42:44

Sag mal kommst du von canada weil du nur nachts schreibst

[ArminiusD]

BMK möchte neues Land im ROF kaufen und wird Analysen aus der Luft und am Boden durchführen.
ArminiusD


MacDonald Mines Partners with Co-Discoverer of Voisey’s Bay Adds Key Ground in the “Ring of Fire”, James Bay Lowlands to Acquire 75% of the Big Mac Property, McFauld’s Lake, Ontario



Toronto, Ontario –May 01, 2008; MacDonald Mines Exploration Ltd. (TSXV:BMK) (“MacDonald”) and 1289839 ALBERTA LTD (“Alberta Ltd.”), an Alberta corporation, and wholly owned subsidiary of Coordinates Capital Corporation (“CCC”), owned and operated by Chris Verbiski, and VP Morton Verbiski, are pleased to announce that they have entered into a Letter of Agreement pursuant to which MacDonald has agreed to acquire a 60% undivided right, title and interest in a new land position in the James Bay Lowlands. The new property, “Wellington West” consists of approximately 528 unpatented claim units totalling approximately 8,250 hectares southwest of, and directly contiguous to the Wellington Property in the “Ring of Fire”, Northern Ontario, near Noront’s prolific nickel-copper-PGE discovery.

Kirk McKinnon, President and CEO of MacDonald Mines stated, “We are very pleased to have concluded a Letter of Agreement outlining the principle terms of agreement between Alberta Ltd. and MacDonald. The CCC team is a seasoned and very knowledgeable group. They are very well funded and have a bias for action as demonstrated in their very rapid staking program in the James Bay Lowlands. MacDonald is well aware that the ground staked by Alberta Ltd., was of significant interest and had committed to stake this ground in initial staking efforts. This arrangement reflects MacDonald’s ongoing efforts to add very successful mining individuals whose skills will enhance our exploration and business initiatives. The CCC team will add considerable insights into nickel exploration, gleaned from their experience with their very successful Voisey’s Bay discovery and delineation.”

MacDonald will be contracting an airborne geophysical survey to fly the newly acquired claims and will follow up immediately with ground geophysical surveys over the most promising targets.

The Agreement

In order to acquire its interest in the property from Alberta Ltd, MacDonald is required to:

a) make cash payments of $280,000 to Alberta Ltd. as follows:

* $10,000 within 5 days of signing the LOA; and

* $10,000 within 5 days of signing the formal Option and Joint Venture Agreement; and

* $260,000 within 5 days of the Effective Date (“Effective Date” means the date that the Toronto Venture Stock Exchange grants approval of the formal Option/Joint Venture Agreement.

b) issuance to the Alberta Ltd. of 2,000,000 MacDonald free-trading (subject to the required 4 month hold period) fully paid and non-assessable common shares and 1,000,000 warrants to purchase 1,000,000 MacDonald free-trading fully paid and non-assessable common shares, as follows:

* One-Million (1,000,000) common shares and five-hundred thousand (500,000) warrants within 30 days of the Effective Date. Warrants are exercisable at $0.75 per share for a period of 24 months from date of issuance;

* Five-hundred thousand (500,000) common shares and two-hundred & fifty thousand (250,000) warrants on or before the first year anniversary of the Effective Date. Warrants are exercisable at $1.00 per share for a period of 24 months from date of issuance;

* Five-hundred thousand (500,000) common shares and two-hundred & fifty thousand (250,000) warrants on or before the second year anniversary of the Effective Date. Warrants are exercisable at $1.00 per share for a period of 24 months from date of issuance.

c) incur an aggregate work commitment of two-million ($2,000,000) on the property as follows. (Note: Any work commitment expenditures in excess of the required amounts will be carried over)

* Incur a work commitment of seven-hundred & fifty thousand dollars ($750,000) in exploration expenditures on or before the first anniversary of the Effective Date.

* Incur a work commitment of an additional seven-hundred & fifty thousand dollars ($750,000) on or before the second anniversary of the Effective Date.

* Incur a work commitment of an additional five-hundred tho usand dollars ($500,000) or before the third anniversary of the Effective Date.

Alberta Ltd. shall have a carried interest until MacDonald has spent an aggregate of $3,000,000 in exploration expenditures on the Property in addition to the aggregate work commitment of $2,000,000 required to satisfy the “option” as described in item c) above. Once the aggregate exploration expenditure of $3 million has been satisfied, then each party will be responsible for contributing to future exploration expenditures based on their respective participating interests in the Joint Venture arrangement.

Closing of the transaction remains subject to MacDonald’s satisfactory due diligence, the approval of the TSX Venture Exchange, and both MacDonald & CCC’s Board of Directors and execution of a definitive agreement of purchase and sale and joint venture agreement.

***

For further information please contact:

Brent Nykoliation, Director of Business Development

MacDonald Mines Exploration Ltd., 416.364.7024

or

J. Kirk McKinnon, President & CEO

MacDonald Mines Exploration Ltd

Richard Schler, Vice President and CFO

MacDonald Mines Exploration Ltd

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

Forward Looking Statements:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of MacDonald are forward looking statements that involve various degrees of risk. The following are important factors that could cause MacDonald’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

For further information: please contact J. A. Kirk McKinnon, President and CEO [phone],[phone] (FAX), , or Richard Schler, Vice President & CFO, [phone], [phone] (FAX), [e-mail] , www.macdonaldmines.com/

[Mauci]

Antwort auf Beitrag Nr.: 34.011.704 von ArminiusD am 01.05.08 22:11:09

und deshalb stieg der kurs um fast 30% ?
das heisst noch lange nichts...oder?
bin gespannt wie es morgen bei macdonald weitergeht!?

die 30% hätte von heute hätte ich gut gebrauchen können

[mike32]

http://www.agoracom.com/ir/freewest/messages/819094#message




NEWS - Recent Drill Holes Return Encouraging Chromium, Nickel And Pge Mineralization On The Spider, Kwg And Freewest Joint-Venture Property Located In The Mcfaulds Lake Area, Northern Ontario Posted by: AGORACOM on May 02, 2008 09:54AM

Montreal, Quebec, Canada – May 2, 2008 – Freewest Resources Canada Inc. (TSXV-FWR) “Freewest” and Spider Resources Inc. (TSXV-SPQ) “Spider” and KWG Resources Inc. (TSXV-KWG) “KWG” are pleased to announce initial results and progress of the diamond drilling program on their jointly owned Freewest Option property (the “Property”), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences and approximately 3.6 kilometres northeast of Noront Resources Ltd.’s (“Noront”) Eagle One Magmatic Massive Sulphide (“MMS”) discovery, in the James Bay Lowlands region of Northern Ontario. Massive chromitite layers in a peridotite sill returned Cr2O3 grades as high as 35.6% over 7.5 metres, other layers show enrichment in Platinum and Palladium as high as 1.0 g/t (Pt + Pd) over 4.3 metres as well as enrichment in Nickel as high as 0.25% Nickel over 3 meters.

This diamond drilling program has recently been curtailed due to the arrival of spring in the James Bay Lowlands. Drilling will resume after breakup. The joint venture started the drill test work in the vicinity of their chrome-nickel-platinum group metal bearing peridotite previously discovered by Spider and KWG in 2006, which has many similarities to the new discovery (Eagle Two) of Noront in late February and drilled 7 holes for a total of 2,184 metres. Billiken Management Services Inc. (“Billiken”) was retained to complete the field program under the onsite supervision of Dr. Howard Lahti, P.Geo., of Fredericton New Brunswick.

As stated in an earlier release (dated April 8, 2008) Hole FW-08-05 was designed to undercut hole the 2006 drill hole numbered FW-06-03, hole 5 was drilled at an inclination of -50, with an azimuth of 150 degrees, for a total depth of 327 meters. This hole was collared in overburden and entered granodiorite at 17.5 meters, then intersected peridotite at 46.5 meters. The hole remained in peridotite until it intersected massive chromitite layers between 252.2 and 273.1metres, each being around 1 meter wide, within the peridotite. This intersection was followed by a very thick massive chromitite layer between 291.4 and 298.8 metres in fault (gouge) contact with underlying intermediate tuff (volcanic rocks). Pyrrhotite and chalcopyrite mineralization was observed in a short shear zone in peridotite between 69.1 and 69.3 metres. Closer examination of the core, and in light of regional exploration review and discussions with neighbouring explorers, resulted in a determination that the top of the chromitite layered complex was likely to the SE, with bottom being towards the NW. The sulphide (pyrrhotite and chalcopyrite) mineralization observed at 69 metres core length, is in close proximity to the disconformably underlying granodiorite and may be related to a sulphide pool near the contact of the granodiorite and peridotite. Chromitite layers could accumulate on top of this in the peridotite sill in a magmatic massive sulphide setting. This sulphide zone averaged 0.35% copper over 2.15 metres, confirming the presence of base metals near the base of the peridotite. Several additional weakly mineralized chromite enriched layers were noted in the peridotite between the sulphide zone and the previously described massive chromitite layers. Assay results have recently been received for hole FW-08-05 summarized as follows:




The above table of analyses suggests several chromitite layers all of which have different metal content as would be expected in a layered complex. Some of the layers exhibit enrichment in chrome with many values in excess of 10% as high as 35.6% Cr2O3 over 7.5 metres, while others are enriched in platinum and palladium (Pt + Pd values as high as 1 g/t) and yet others are enriched in Nickel with values greater than 0.2%. Once additional assay information is available from the other holes drilled in this immediate area, the lithogeochemical signature of the individual chromitite layers should be traceable from hole to hole and section to section to facilitate a better understanding of this layered complex.


SAMPLE PROTOCOL, SECURITY, ANALYSES

All drill holes were logged and samples referred to herein were completed and selected by Howard Lahti Ph.D., P.Geo, of Fredericton New Brunswick. The samples were sawn in half, with half of the core retained for further work and/or storage at the main base camp. The split samples were placed into individual plastic bags, clearly labelled and tagged and then sealed in rice bags where a numbered seal lock was closed by Dr. Lahti. The sealed rice bags were placed in plastic sealed pails and shipped via bonded carrier to Activation Laboratory’s (ActLab) new facility in Thunder Bay, Ontario. The samples were then entered into ActLab’s system for preparation, processing and analyzing. The Thunder Bay facility of ActLab is currently a sample preparation lab, being upgraded to a full analytical laboratory, however during the construction and commissioning phase the samples are shipped via lab – lab bonded courier to ActLab’s main laboratory in Ancaster, Ontario. The samples all underwent multi-element analysis using Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), as well as Fire Assay Inductively Coupled Plasma (FA-ICP) for gold, platinum and palladium. Additional analysis using Instrumental Neutron Activation Analysis (INAA) was completed for all samples for their respective chrome grades in excess of 1% chrome. For more information on these analytical techniques please refer to Activation Laboratory website www.actlabs.com.


UPDATE ON NEW DRILL HOLES

Four additional holes, numbered FW-08-08, FW-08-09, FW-08-10 and FW-08-11 have also been completed on the property.


Hole FW-08-08 was designed to test an electromagnetic and magnetic anomaly located approximately 1 kilometre to the northeast of the main chromitite layered complex, along a magnetically inferred regional trend. This hole was located at local Grid co-ordinate L19+00E at 18+75N, drilled grid south at 150 degrees with an initial dip of -50 degrees for a total length of 270 metres. After 10 meters of overburden the hole encountered peridotite and remained in peridotite to a core length of 95 metres, when it entered serpentinized dunite with abundant interstitial magnetite veinlets, minor sulphides were observed along fractures and shear planes until 152 meters core length. The dunite rock unit was then found to be highly fractured and sheared with fault gouge and clay seams and remained as such until 161.3 meters. The hole then entered peridotite and remained in peridotite until the end of the hole at 270 meters, faulting was also noted from 212 metres onwards. The magnetic anomaly was explained by the presence of the magnetite enriched dunite, the conductivity anomaly may be related to the magnetite veinlets or the clay filled fault zone between 152 and 161.3 metres.


Hole FW-08-09 was designed to undercut hole FW-08-08 to determine if there was any sulphide mineralization located within the fault zone encountered in hole 08 at greater depths. Hole 09 was positioned at L19+00E at 18+75N, drilled grid south at 150 degrees with an initial dip of -73.5 degrees. After passing through 8 metres of overburden the hole entered peridotite and remained in this rock unit until 80.6 metres when it entered serpentinized dunite until 80.6 metres. Peridotite breccia was encountered between 80.6 and 84.5 metres followed by serpentinized dunite until 108.1 metres. This latter unit was strongly faulted and brecciated, then peridotite breccia was encountered between 108.1 to 109.7 metres. Additional faulting was observed as the hole passed from peridotite breccias into serpentinized dunite, the hole ended in serpentinized dunite at 176 metres. The presence of magnetite veinlets explained the high magnetic susceptibility and these veinlets if continuous and linked together may explain the conductivity observed in the ground and airborne geophysical surveys.


Hole FW-08-10 was designed to undercut previously drilled hole FW-06-04 to test two mineralized zones encountered in hole 4 that were anomalous in nickel, copper and platinum group elements (Pt and Pd). Hole 10 was positioned at local grid co-ordinate L14+00E at 12+07N, drilled grid south with azimuth of 150 degrees with an initial dip of -65 degrees for a total length of 312 metres. After passing through 7 metres of overburden the hole entered dolomitic limestone until 13.9 metres. The hole then entered granodiorite until 36.5 metres. Gabbro was encountered between 36.5 metres and 86.7 metres (changing to coarse grained around 63 metres). At 86.7 metres the gabbro changed to an olivine rich gabbro, grading into a peridotitic phase of the gabbro at 115.5 metres depth. The olivine gabbro-peridotite contained weak to moderate sulphide mineralization between 90 and 115.5 metres. At 115.5 metres the rock became heavily chloritized with silica flooding in the form of veins bearing sulphides (pyrite, pyrrhotite and minor chalcopyrite). At 170.6 metres the hole entered an intermediate to felsic tuff with variable sulphide content including pyrite, pyrrhotite and chalcopyrite and remained in this sulphide zone until 192.7 meters. Relatively barren intermediate to felsic tuff was encountered to end of hole at 312 metres. The subtle magnetic feature and moderate conductivity as interpreted from the ground and airborne surveys have been explained by the visual results of this drill hole.


Hole FW-08-11 was designed to undercut the mineralization encountered in hole FW-08-10 as well as hole FW-06-04. This hole was positioned on local grid L14+00E at 12+75N, drilled grid south with azimuth of 150 degrees with an initial dip of -65 degrees for a total length of 309 metres. After passing through 12 metres of overburden the hole entered gabbro and remained in gabbro until 90.2 metres. At 90.2 metres the gabbro changed to a coarse grained porphyritic gabbro until 152.5 to 156.2 when the gabbro was found to be in fault contact with intermediate volcanic. Between 156.2 and 175.6 metres the volcanics were found to have undergone extensive alteration (chloritization and silica flooding) and brecciation. Variable amounts of sulphide minerals including pyrite, pyrrhotite and chalcopyrite were noted in this section. At 175.6 to 182.7 the sulphide content increased, chloritization and carbonate alteration were noted. At 182.7 and extending to 189.7 metres the hole encountered coarse grained gabbro (porphyry), followed by chlorite schist between 186.7 and 195.7 metres, followed by gabbro until 231 metres. Another Intermediate volcanic unit was encountered between 231 continuing to the end of the hole at 309 metres. Sulphide mineralization was noted between 235.5 and 279 metres. The presence of two sulphide zones encountered in this hole is encouraging, these will be analyzed for their base and precious metal content. The sulphide accumulation encountered by this hole has explained the conductivity anomaly with weak magnetic signature

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld’s Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both these dimensions, and the peridotite setting similarity to Noront’s Eagle One MMS discovery (located 3.6 km to the SE), as well as the newly discovered Eagle Two sheared massive sulphide occurrence, (located 2 km to the SE of Eagle One) which also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. Noront’s peridotite sill, announced on April 2, is rendered by airborne geophysics to continue to the east-north-east of their Eagle One occurrence towards and through the Freewest Option property of Spider and KWG as well as to the east-south-east of Eagle Two. The focus of the next round of drilling will be to further investigate this Cr-PGE-Ni occurrence and to continue the testing of several of the other anomalies on the property On behalf of the board of directors,

Freewest is a well-funded mineral exploration corporation, with working capital in excess of $9 million, exploring for gold and base-metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest’ shares are listed on the TSX Venture Exchange under the symbol FWR.


For further information please contact:

Mackenzie I. Watson

President and CEO

Tel: [phone] or 1-888-878-3551

Fax: [phone]

E-mail: [e-mail]

Website: www.freewest.com


The TSX Venture Exchange has not approved and does not accept responsibility for the adequacy or of this press release.

[mike32]

http://www.agoracom.com/ir/Spider/messages/819374#message




Wonderful News today from SPQ/FWR/KWG
Posted by: johndefur on May 02, 2008 12:06PM

I’d like to preface my views today with a bit of background facts, so as to place these results in proper “context”:…As I explained in my post yesterday, PGEs mines and mineralization are exceedingly rare and complex…It usually takes ‘years” to fully outline a PGE Deposit, since the PGEs are so rare and elusive and usually occur in very small mineralized areas, some of them 6 Ft high, within a layered mafic/ultramafic intrusive, other PGEs occur disseminated in small pockets within said layered intrusion, which appears to be our case, in alteration shear/breccia zones, and Silica flooding zones, within the Chromite or in the Sulfides or intertwined with the silicates, hence the rarety of PGEs and the very high prices for these Noble, Precious and Strategic Metals…

Once again, for your reference below are the grades of Canada’s Largest PGEs mine, Lac Des Iles:

1.66 g/t Pd, 0.18 g/t Pt, 0.14 g/t Au, 0.062% Cu, and 0.053% Ni..

Today’s News was wonderful indeed…Although only 1 hole, hole #5 was back from assay, we caught a very good glimpse of what these 20+ Anomalies located in the 3 JVs Partners claims, and described as a direct extension of NOT’s E2, indicated by Electromags on April2/08…

Anomaly FW 3 was the first drilled , 4 holes, some highlights of hole #5 below…In my view The BEST assay results are still to come in , especially from The remaining holes from said Anomaly, but more importantly from Anomaly FW 4, “visuals” which I thought were Superb…. “

Massive chromitite layers in a peridotite sill returned Cr2O3 grades as high as 35.6% over 7.5 metres, other layers show enrichment in Platinum and Palladium as high as 1.0 g/t (Pt + Pd) over 4.3 metres as well as enrichment in Nickel as high as 0.25% Nickel over 3 meters “

Just a quick comparison to Lac, one quickly notices that PGEs are not that far off, 1gm total, but the BIG difference is while Lac is predominantly Pd with very small amounts of Pt , our assays show this ratio closer to even to 1 to 2 ratio, Pt to Pd which is fantastic news..the Ni content at SPQ is much higher @ .25, 5 times as high, with the possibility of going much higher as will be explained…No Cu on this result, but I would expect good Cu showings as the Chalcopyrite is assayed…Lac does not have Chromite, ours did reach the economic grade of 35% cro3…in addition previous assays did reveal in our discovery Rhodium, I suspect that this assay, and a Gold assay were not done or available since it is a different assay to be done, and no mention was said of said assays being done…so far very good news on this first hole returned…

The Bigger News is the “visuals” from FW 4, an extension 1 km N.E.….This drilling confirms the extensions of these PGEs/Chromite Deposits, and bodes for Great things to come for the 20 said Anomalies in these claims… All the Elements necessary for the emplacement of PGEs are there…Chlorite Silica alteration, shear/breccia zones, silica flooding, and most importantly the sulfides, Pyrite, Pyrrhotite, chalcopyrite, from a bit, to moderate, to variable, which is consistent with PGEs mineralization…

On New Drilling Anomaly # FW # 4:

Hole #8 had a total of 63 Meters or 200Ft of said sulfides mineralization…Hole #10 had a total of 50 Meters or 150Ft of said Mineralization…Hole #11 had a total of 72 Meters or 225 Ft of said mineralization…Also keep in mind that 3 out of 4 holes drilled in this Anomaly “HIT”…

I would say that the fact that these drill holes showed moderate to variable sulfides in a very good indicator that these sections will hold far more PGE’s, in the Silica and the sulfides, far more Ni in the Pyrrhotite, and Cu in the Chalcopyrite… So in summary…this is Great News indeed…

remember SPQjv still has about another 8 HUGE Anomalies to drill and FWR about 10 more Anomalies to drill..these 20 or so Anomalies will surely add mineralized “tonnage” to McFaulds which will only strengthen NOT’s position…

One fact that also important is that these SPQjv Anomalies extent below to BMK jv claims with SPQ holding about 80% and BMK extensions about 20%...

These results and visuals should attract much more interest/attention to SPQ jvs and McFaulds as a whole, especially when the new drill assay results are announced shortly…Good luck to all SPQ/FWR/KWG/NOT/BMK and all McFaulds Players now too numerous to mention…

IMCO

JD*

[mike32]

http://biz.yahoo.com/ccn/080516/200805160462439001.html?.v=1




KWG Resources Inc.: Debuts Diamonds
Friday May 16, 8:00 am ET


MONTREAL, CANADA--(Marketwire - May 16, 2008) - The break-up of winter ice conditions in the James Bay Lowlands has temporarily halted the drilling program of the joint venture between KWG Resources Inc (TSX VENTURE:KWG - News) and Spider Resources Inc (TSX VENTURE:SPQ - News) on the claims optioned from Freewest Canada Resources Inc (TSX VENTURE:FWR - News) near the discovery of the Eagle 1 and Eagle 2 nickel deposits of Noront Minerals Inc (TSX VENTURE:NOT - News). Field programs are expected to resume after the end of May.
ADVERTISEMENT


In the meantime, KWG's Board of Directors has determined that the roll-over of the Company's diamond exploration property interests to its subsidiary Debuts Diamonds Inc, may be done in exchange for units issued from the subsidiary's treasury priced at $0.20 with each unit comprising one share and one warrant exercisable at $0.30 for one year. The rollover transaction, valued at approximately $9 million, was completed with effect on April 29th, 2008. It is anticipated that Debuts Diamonds will file its non-offering prospectus with regulatory authorities before mid-year.

Shares issued and outstanding: 263,659,821

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.



Contact:
Bruce Hodgman
KWG Resources Inc.
Communications Director
Direct: 905-582-9744
[e-mail]

Michel Cote
KWG Resources Inc.
Director
514-866-6001 ext. 266
www.kwgresources.com

[mike32]

Antwort auf Beitrag Nr.: 34.021.530 von mike32 am 03.05.08 14:38:43

http://www.agoracom.com/ir/Spider/messages/842947#message



NOT NEWS...Cromium...Implications for SPQjvs..
Posted by: johndefur on May 28, 2008 10:15AM

As you all must have noted, the first NR was devoted principally to Chromite...It appears clear that E2, will be primarily a Chromie deposit , with accompaning Ni Cu and some PGEs.... This is very good news indeed....It's a pity that NOT chose such a "downer" day when the PPT is out in force, and frantically trying to cool off the return of the Commodities Bull..they knocked Gold down $20, aloong with Oil and all metals...this will not last no matter what desperate interventions they try, the die is cast...US economy is in much worst trouble, especially with the consumers spending which account for a LARGE % of the economy...Obvioulsy NOT and all McFaulds were effected....

I need to get this off my chest...In most financial arenas, including this Forum, all the talk has been about Ni Cu...everytime a drill core is examiined and it doesn't seem to match E1, it's taken as a disappointment...what nonsence !!! IMCO , this Forum at least should totally reject this thinking, and thereby influence/educate the market place, that there exist many other types of mineralization that are equally as valuable....take this NR today as an example...

The word is "CHROMITE"..a metal that is widely used worlddwide for a myriad of applications, including :

In metallurgy, to impart corrosion resistance and a shiny finish:
as an alloy constituent, such as in stainless steel in cutlery
in chrome plating,
in anodized aluminium, literally turning the surface of aluminium into ruby.
As dyes and paints:
Chromium(III) oxide is a metal polish known as green rouge.
Chromium salts color glass an emerald green.
Chromium is what makes a ruby red, and therefore is used in producing synthetic rubies.
also makes a brilliant yellow for painting
As a catalyst.
Chromite is used to make molds for the firing of bricks.
Chromium salts are used in the tanning of leather.
Potassium dichromate is a chemical reagent, used in cleaning laboratory glassware and as a titrating agent. It is also used as a mordant (i.e., a fixing agent) for dyes in fabric.
Chromium(IV) oxide (CrO2) is used to manufacture magnetic tape, where its higher coercivity than iron oxide tapes gives better performance.
In well drilling muds as an anti-corrosive.
In medicine, as a dietary supplement or slimming aid, usually as chromium(III) chloride, chromium(III) picolinate, chromium(III) polynicotinate or as an amino acid chelate, such as chromium(III) D-phenylalanine.[3]
Chromium hexacarbonyl (Cr(CO)6) is used as a gasoline additive.
Chromium boride (CrB) is used as a high-temperature electrical conductor.
Chromium(III) sulfate (Cr2(SO4)3) is used as a green pigment in paints, in ceramic, varnishes and inks as well as in chrome plating.
Chromium(VI) is used in the post Ballard preparation of Gravure (rotogravure) printing Forme Cylinders. By electroplating the metal onto the second coat of copper (after the Ballard skin), the longevity of the printing cylinder is increased
pay special attention to it's catalyst uses, since iscompatable with Hydrogen, the future power supply for cars...


Let's then examiine the "value" of our descovery at E2...Chromite is an exceedingly complex subject...just to keep it simple..Chromite, provided, some contains over 51% CR203, just as is. it is worth about $6 pound...now processing Chromite into the element CR Chromium , which in our case will yield 35.4% Chromium, CR is worth about $6 a pound...quite a handsome return, indeed, much more than Cu....you can do the math at a grade of 27% CR....so I hope you get my drift here...it's HUGE...




Further the lengths and dimensions described are superb...and don't forget that we have mostly massive chromites, with lengths ranging from 42 Ft or so to over 210 FT mineralized intersections, and this is just from 5 holes, many more holes from E2 are assay pending....In addition, there is the value of Ni Cu some PGEs and Iron up to 12%...




Therefore the total "value of E2 will be substantial per ton, just firgure out @ 6$++ a pound how much is in 1 ton @ 27% Cr., over HUGE lengths as above ... and as I suggested previously, it will certainly add to NOT's value and 'tonnage" total and that's what really counts ....


Also remember SPQjvs have already discovered Chromite in 2 of their new Anomalies, so this bodes very well indeed for a Chromium mine at McFaulds, and further SPQjv has another 7 Anomalies to drill, and FWR has about 12 Anomalies to drill, in that same 11Kms 'shear zone"....June in my view will be a great month for McFaulds News..
Geology Model to follow...
IMCO
JD*


gruss mike

[mike32]

http://biz.yahoo.com/ccn/080604/200806040466415001.html?.v=1





WSR-METALEX-Arctic Star Joint Venture Intersects 95.0 Meters of Semi-Massive to Near-Massive Sulphides on Anomaly 5.01, James Bay Lowlands, Ontario
Wednesday June 4, 12:42 pm ET


TORONTO, ONTARIO--(Marketwire - June 4, 2008) - WSR Gold Inc. (TSX VENTURE:WSR - News), Metalex Ventures Ltd. (TSX VENTURE:MTX - News; "Metalex"), and Arctic Star Resources Inc.'s (TSX VENTURE:ADD - News; "Arctic Star") Joint Venture Project along the Ring of Fire, 45 Kilometers North of Noront's Eagle One Discovery encountered a significant width of Volcanic Derived Sulphides (VDS) mineralization in hole number 5.01-6. The property consisting of 160 acres, is under option by WSR, whereby WSR can earn up to a 50% interest in the property.
ADVERTISEMENT


John Harvey, consulting geologist to WSR and a Qualified Person, recently returned from the property and reports the following:

Hole 5.01-06 on north - south Section 1+50East, a 50 meter step out from the previously reported Hole 5.01-01 (see press release dated May 25, 2008), encountered, in highly altered felsic volcanics a strong sulphide zone from 72.7 meters to 167.7 meters (95.0 meters) containing visible copper, zinc, lead and iron sulphide mineralization in semi to near massive sulphides. The dip and strike of the zone have not yet been determined and the true width cannot be determined at this time. Drilling is continuing with one diamond drill for the present and samples are currently being prepared for shipping to an independent assay laboratory where strict quality control procedures are in place and the results will be closely monitored by Ms. Tracy Armstrong of P&E Mining Consultants of Brampton, Ontario.

Hole 5.01-01, reported in a previous press release dated May 22, 2008 on Section 1+00 was followed by four additional holes on the same section. All the four other holes encountered 3 main parallel, steeply dipping core lengths of sulphide mineralization with visible copper, zinc, lead and iron sulphides in an altered felsic volcanic sequence but were not as well mineralized as was observed in hole 5.01-06.




The following table summarizes the drilling on 5.01 to date with
significant visual sulphide mineralization:

--------------------------------------------------------------------------
Visual
Description of
Location Hole Mineralization Mineralization
----------------------------------------------------------
Hole No E.ing N.ing Dip Az EoH From To Width
--------------------------------------------------------------------------
m m m
--------------------------------------------------------------------------
Near-massive,
iron, copper,
5.01-01 1+00E 0+50N -60 180 149.0 78.9 90.2 11.3 zinc sulphides
--------------------------------------------------------------------------
Semi-massive,
iron copper
103.3 106.0 2.7 sulphides
--------------------------------------------------------------------------
Iron copper,
120.1 125.4 5.3 zinc sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Iron, zinc
5.01-02 1+00E 0+00 -90 - 201.2 26.8 29.1 2.3 sulphides
--------------------------------------------------------------------------
Semi-massive,
iron copper
52.5 78.9 26.4 sulphides
--------------------------------------------------------------------------
Near-massive,
iron, copper
98.8 100.3 1.5 sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Semi-massive,
iron copper
5.01-03 1+00E 0+50N -45 180 149.4 56.4 70.1 13.7 sulphides
--------------------------------------------------------------------------
Iron, copper,
zinc
76.1 83.8 7.7 sulphides
--------------------------------------------------------------------------
Iron. Copper,
zinc
92.4 111.0 18.6 sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Semi-massive,
copper,
5.01-04 1+00E 0+75S -60 360 161.5 30.5 36.3 5.8 zinc sulphides
--------------------------------------------------------------------------
Iron, copper,
zinc
59.3 61.6 2.3 sulphides
--------------------------------------------------------------------------
Iron, copper,
zinc
74.1 84.7 10.6 sulphides
--------------------------------------------------------------------------
Semi-massive,
iron, copper,
zinc
100.3 111.0 10.7 sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Semi-massive,
iron, copper,
zinc
5.01-05 1+00E 0+02N -85 - 178.0 46.6 57.3 10.7 sulphides
--------------------------------------------------------------------------
Semi-massive,
iron, copper
89.6 96.0 6.4 sulphides
--------------------------------------------------------------------------
Semi-massive,
iron, copper
126.2 131.7 5.5 sulphides
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Semi-massive,
iron, copper,
zinc
5.01-06 1+50E 0+50N -65 180 NF 72.7 90.1 17.4 sulphides
--------------------------------------------------------------------------
Near-massive,
iron, copper,
90.1 167.7 77.6 zinc sulphides
--------------------------------------------------------------------------
- NF - Not Finished


The anomaly 5.01 Project is managed and operated by Metalex for the Joint Venture partners under supervision of Dr. Charles Fipke, Chairman of Metalex and a Qualified Person.

WSR believes that the recent drill hole results, with the presence of visible copper, zinc and lead sulphides being observed on site by the project's geologist are very encouraging and could be of significant importance to the Joint Venture Partners if the assay results pending are favourable. Notwithstanding the foregoing, visible observations are estimates only and pending assay results may not confirm visual observations in whole or in part.

Dr. Charles Fipke is the Qualified Person responsible for the technical contents of this press release.

About WSR

WSR is a Canadian based mineral exploration company with extensive property holdings strategically located on and around the nickel/copper "Ring of Fire" in northern Ontario near James Bay.

WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an option agreement with Noront Resources Ltd. (TSX VENTURE:NOT - News; see press release dated November 1, 2007). The area will include 15 Claim Blocks, approximately 4,400 hectares (9,600 acres) in the Ring of Fire, McFauld's Lake, Ontario near Noront's prolific nickel copper and platinum group metals discovery.

WSR has agreed to acquire a 75% interest in the Big Mac Property from MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK - News) consisting of 51 Claim Blocks, approximately 27,660 acres (see press release dated February 15, 2008).

WSR has entered into an agreement with Metalex Ventures Ltd. (TSX VENTURE:MTX - News) and Arctic Star Diamond Corp. whereby WSR has the right to fund a maximum of $20.0 million in expenditures on the James Bay Properties Property over a 4 year period to earn a maximum 50% interest. The James Bay Properties comprise approximately 214.4 square kilometers (52,980 acres) (see press release dated March 26, 2008).

Forward looking statements: Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of WSR, including but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the unavailability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and as such, undue reliance should not be placed on forward-looking statements.

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



Contact:
John Tait
WSR Gold
President and Chief Executive Officer
[phone]
Email: [e-mail]
Website: www.wsrresources.ca

Chad Ulansky
Metalex Ventures Ltd.
President and Chief Executive Officer
[phone]
Email: [e-mail]
Website: www.metalexventures.com

Patrick Power
Arctic Star Diamond Corp.
President
[phone]
Email: [e-mail]
Website: www.arcticstardiamond.com

[ArminiusD]

Fri Jun 6, 2008

Arctic Star/WSR/Metalex Anomaly 5.01 Located On Property Adjacent to Mill City/Temex Property
NEWS RELEASE NR13-2008

TSX Venture Exchange:TME, Frankfurt Exchange:TQ1


TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) ("Temex" or the "Company") and partner Mill City Gold Corp. ("Mill City"), (collectively "the Companies"), have been advised that the recent information announced by Arctic Star Diamond Corp., WSR Gold Inc. and Metalex Ventures Ltd. (the "Joint Venture") regarding mineralization intersected while drill testing on anomaly 5.01, James Bay Lowlands, Ontario, is of interest to Temex and Mill City as the drilling operations are taking place on a property that is adjacent to one of the Temex/Mill City Northern Star Eagle claim blocks. In a news release dated June 4, 2008, the Joint Venture reported that "Hole 5.01-06 on north south Section 1+50 East, a 50 meter step out from the previously reported Hole 5.01-01 (see Arctic Star/WSR/Metalex press release dated May 25, 2008), encountered, in highly altered felsic volcanics, a strong sulphide zone from 72.7 meters to 167.7 meters (95.0 meters) containing visible copper, zinc, lead and iron sulphide mineralization in semi to near massive sulphides".

Mill City is focusing its exploration efforts on its option from Temex Resources Corp. to acquire a 50% interest in approximately 16,000 ha located in the James Bay Lowlands near the Noront Ni-Cu-PGE discovery. As announced on April 15, 2008, the airborne geophysical surveys have been completed. Preliminary data has been received and initial evaluation suggests the presence of a number of high priority exploration targets similar to the one that highlights the location of the original Noront Eagle One discovery. These targets, along with a number of targets that might be caused by mineralization similar to mineralization reported by the Joint Venture are also currently being planned as drill targets in the first round of drilling slated to begin by July 2008.

Bruce Durham, P. Geo., is the designated qualified person responsible for the preparation of this news release. Temex is a well-funded Canadian exploration company advancing its precious metal, nickel, diamond, and uranium projects in Ontario. For further information, contact Ian Campbell or Bruce Durham at 416-862-2246 or visit www.temexcorp.com. Investors are invited to visit the Temex IR Hub at http://www.agoracom.com/ir/Temex where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to mailto:[e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

On behalf of the Board of Directors,

"Ian Campbell"

Ian Campbell
President and CEO

*The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release*


...Es kommt Bewegung in den ROF...

[franz991]

TORONTO, ONTARIO - (June 6, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is pleased to report that it is continuing with its drilling and other exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands and has also been furthering its corporate development objectives. Accordingly, Noront wishes to present the following report on its corporate activities.


CORPORATE UPDATE


Further to its appointment of JPMorgan Securities Inc. and IBK Capital Corp. as its financial advisors last year, Noront is continuing to identify companies who may be interested in becoming a strategic partner with Noront to assist it in developing its Double Eagle project. Noront is currently in preliminary discussions with a number of such candidates. There can be no assurance that such discussions will continue or will result in the successful conclusion of a transaction involving Noront and any other person.


Noront has also been assigned by WSR Gold Inc. ("WSR"), the option to earn a 35% interest in the property located in the James Bay lowlands (the "Golden Valley Property") owned by Golden Valley Mines Ltd. ("Golden Valley"). WSR has entered into a letter of intent with Golden Valley whereby it has the option to earn a 70% interest in the Golden Valley Property (the "Option"), and Noront can earn half of WSR's interest in the Golden Valley Property as further described below.


In order to acquire its 35% interests in the Property, Noront will be required to make payments to Golden Valley totaling $175,000 (or $350,000 in the aggregate with the payments from WSR), payable in cash and/or by the issuance of common shares of WSR (and Noront) upon the later of the execution of a definitive option agreement, or the receipt of approval from the TSX Venture Exchange. The number of shares, if any, to be issued by Noront (and WSR) as consideration for the Option will be equal to the dollar amount of the total consideration that Golden Valley elects to receive in shares divided by the ten day volume weighted average price of such shares for the ten trading day period immediately preceding the date on which a press release is issued announcing a definitive option agreement amongst WSR, Noront and Golden Valley. In addition to these payments, WSR and Noront will also be required to incur aggregate exploration expenditures on the Property of at least $5,000,000 over a three year period (of which $1,000,000 must be expended in the first year).


Upon WSR and Noront earning their collective 70% interest in the Property, WSR, Noront and Golden Valley shall enter into a joint venture agreement. The Joint Venture Agreement will require WSR and Noront to fund all project costs up to the start of commercial production from the Property. Following the commencement of commercial production, any cash flow after payment of operating expenses and third party financing costs will be distributed to Noront and WSR until such time as the aggregate of their project costs, including interest, up to the commencement of commercial production have been repaid, following which such cash flow shall be distributed to the parties on a pro rata basis.


The transaction remains subject to the approval of the TSX Venture Exchange and execution of the definitive option agreement.


In order to continue the development of Noront's assets and strategically enhance the value of the company to shareholders, the Board of Directors as well as Management of Noront has, over recent months, shouldered increasing responsibilities commensurate with the growth of the company. As such, the board of directors of Noront has been working to identify persons who could add their talents to the board of directors. In that regard, Noront is pleased to welcome Mr. Paul Parisotto as an independent member of the Board of Directors.


Mr. Parisotto is currently President and Chief Executive Officer of Arizona Star Resource Corp., which was acquired by Barrick Gold Corporation for $773 million and Blacksands Petroleum, Inc., a publicly traded US company focused on the acquisition, exploration and development of conventional and unconventional oil in western Canada. Blacksands owns a 75% interest in Access Energy, a private company of which Mr. Parisotto is also President and Chief Executive officer.


Mr. Parisotto has been President of Coniston Investment Corp. from October 1999 to the present. Coniston is a private firm specializing in providing investment banking services including the raising of equity and debt and providing mergers and acquisitions advisory services to small market capitalization companies which are either private or public. Prior to these current responsibilities, Mr. Parisotto was Manager, Original Listings at The Toronto Stock Exchange from 1985 to 1994. During his tenure at the TSE he was involved in the listing process for over 250 companies. He has also been Senior Vice-President, Corporate Finance for Marleau, Lemire Securities Inc. from January 1995 to January 1998 and was Vice-President and Director, Investment Banking for HSBC Securities (Canada) Inc. from March 1998 to June 1999. He was also director of Nevada Pacific Gold Ltd., a public company acquired by US Gold Inc. in a share exchange take over bid for over $100 million.


As well, the Board of Directors of Noront has been working to restructure the management of Noront as follows, to better reflect the duties being performed by existing management:


Mr. Richard Nemis, LL. B. continues in his role as President and Chief Executive Officer of Noront, an office he has held since 1980. Mr. Nemis was also president and CEO of Central Crude Ltd. until its merger to become River Gold Mines Inc. During the period in which Mr. Nemis was its President, Central Crude and instrumental in the development of two gold deposits, namely the Eagle River deposit near Mishibishu Lake (south of Hemlo, Ontario), currently operated by River Gold Mines Ltd. (changed name to Wesdome Gold Mines Ltd.), and the Moss Lake gold deposit near Thunder Bay area, Ontario.


Mr. Nemis during his career worked with Noble Harbinson, and was associated with a number of the Harbinson group of companies, including, Consolidated Durham Mines Ltd., Dominion Explorers Ltd., and Noble Mines and Oils. Mr. Nemis currently is a senior member and part owner of the largest structural steel firm in northern Ontario, Noront Steel, operating since 1946 headquartered in Sudbury, Ontario. In addition to Noront, Mr. Nemis is also a director of the following junior resource companies: Tribute Minerals Inc. and Goldeye Explorations Limited.


Mr. John Harvey, (P.Eng.), formerly Executive Vice President of Noront, has been appointed Chief Operating Officer of Noront.


Mr. Harvey worked with Noranda Inc. from the early 1960s and was President of Noranda Exploration from 1982 until his early retirement in 1994. He was also President of Hemlo Gold Mines from 1989 until 1992. Before Noranda, Mr. Harvey was VP - Exploration for Mattagami Lake Mines which merged with Noranda in 1982.


Mr. Harvey is actively involved with the McFaulds Lake Base Metal Camp through his affiliation with Noront Resources Ltd., as well as a board member of the following Ring of Fire companies; Tribute Minerals Inc., Canadian Ore Bodies Inc., Freewest Resources Canada Inc. and GoldEye Explorations Ltd.


Mr. Neil D. Novak, (P.Geo.), originally joined the Board of Noront in 2001 and was appointed VP Exploration in November 2007. In recognition of his long-standing relationship with Aboriginal peoples throughout his career, Neil Novak has been appointed Vice-President Corporate and Aboriginal Affairs for Noront. Mr. Novak's professional experience has spanned exploration projects in uranium, gold, diamonds and other precious metals, as well as base metals.


Mr. Novak started his career as project geologist for the Canadian operations of Australian based uranium explorer Pancontinental Mining Ltd. between 1977 and 1983. In 1983 he left Pancontinental and formed a private consulting company, Nominex Ltd., and as managing director of Nominex, Mr. Novak became involved with and managed various North American and International exploration assignments, including base metal and diamond projects in the James Bay Lowlands of Northern Ontario, in the area now known as the "Ring of Fire". Mr. Novak helped form (in 1992) and eventually became an active board member and senior officer of Spider Resources Inc., in 1995 and remained as such through to early 1999. Neil was re-elected to the Board of Spider in September 1999, and was appointed President and CEO of Spider in June 2005.


In addition to being a board member of Noront and Spider, Mr. Novak is a member of the board of directors of other public companies including Simberi Mining Corporation, and Cadillac Ventures Inc.


David Graham, (B.Sc.), joined the board of Noront in December 2006, and has been appointed Vice-President, Special Projects for Noront. In 1986 Mr. Graham became President of R. Bruce Graham and Associates Ltd. a mining consulting firm that has served the mineral industry since 1956.


Mr. Graham has over twenty five years of experience in the industry and has served as a director and manager of a number of private and public natural resource and mining concerns. His relevant experience has been in the fields of base and precious metals, uranium and industrial minerals and materials. Mr. Graham has worked in Canada, the United States, Scandinavia and Africa.


In addition to the foregoing appointments, Noront is currently in discussions with certain individuals to add to the management team of the company, and expects to be in a position to announce additional appointments shortly.


Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,493,883 shares issued to date.


Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.


ON BEHALF OF THE BOARD OF DIRECTORS:


R. Nemis, President and Chief Executive Officer


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


CONTACT INFORMATION:




Noront Resources Ltd.
Richard Nemis
President and Chief Executive Officer
[phone]
Fax: [phone]
Email: [e-mail]
Website: www.norontresources.com

[mike32]

http://www.agoracom.com/ir/Spider/messages/856754#message

MORE NEWS NEW CFO
Posted by: bushmills on June 11, 2008 10:32AM

Spider Resources Inc.



TSX VENTURE: SPQ

Jun 11, 2008 10:15 ET


Spider Resources Inc. Appoints CFO
TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) is pleased to announce the appointment of Carmello Marrelli as Chief Financial Officer of Spider Resources Inc. ("Spider"). Mr. Marrelli replaces Mr. Richard Hamelin who was formerly the "acting" CFO and will continue on as Vice President Finance for Spider and director.

Mr. Marrelli holds a Bachelor of Commerce degree from the University of Toronto and is a qualified Chartered Accountant and Certified General Accountant. Mr. Marrelli is currently a partner with Marrelli & Drake Corporate Services, a corporate services firm (2004 to present) and was previously an accountant with Marrelli & Drake Corporate Services (2000 to 2004). Mr. Marrelli also serves as Chief Financial Officer of several other public junior mining public companies. The board of directors of Spider is pleased to welcome Mr. Marrelli to the management team at the company.

Spider also would like to announce that effective June 1, 2008, the exploration office has moved to Suite 470, 44 Victoria St., Toronto, Ontario, M5C 1Y2. The telephone and facsimile numbers remain unchanged, the corporate head office address remains the same.

Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 310,311,767 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

[mike32]

Antwort auf Beitrag Nr.: 34.112.199 von mike32 am 16.05.08 16:57:55

http://biz.yahoo.com/ccn/080611/200806110467701001.html?.v=1




Spider, KWG and Freewest Intersect 30.73% Chrome (Cr2O3) Over 14.4 Metres McFauld's Lake "Ring Of Fire" Area, Northern OntarioWednesday June 11, 11:35 am ET


TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Freewest Resources Canada Inc. (TSX VENTURE:FWR - News) "Freewest" and Spider Resources Inc. (TSX VENTURE:SPQ - News) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG - News) "KWG" are pleased to announce additional results from the diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One Magmatic Massive Sulphide ("MMS") discovery, in the Ring of Fire area of the James Bay Lowlands region of Northern Ontario. Massive chromitite layers in a peridotite sill were encountered in hole FW-08-07 returning Cr2O3 grades as high as 30.73% over 14.4 metres, other layers within the peridotite sill show enrichment in Platinum and Palladium as high as 2.183 g/t (Pt + Pd + Au) over 9.0 metres as well as enrichment in Nickel up to 0.21% Nickel over 3.6 meters.
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As previously announced in an earlier release (dated May 2, 2008), Hole FW-08-05 encountered 35.6% Cr2O3 over a drill intercept of 7.5 metres, along with other layers showing enrichment in Platinum, Palladium and Nickel, this drill intercept is located 100 metres to the SW of the intercept in hole FW-08-07. Hole 5 was designed to undercut hole the 2006 drill hole numbered FW-06-03 on the same drill section that intersected two chromitite layers returning grades of 34.5% Cr2O3 over 1.03 metres, followed by 28.9% Cr2O3 over 0.85 metres (announced June 29, 2006). In light of a regional exploration review and discussions with neighbouring explorers, there is a consensus of opinion and a determination that the top of the chromitite layered complex is likely to the SE, with bottom being towards the NW. Observations in the drilling within this portion of the sill suggests thickening of the chromitite layers to depth and the northeast, consequently the focus of the next round of drilling will be to further investigate this Cr-PGE-Ni occurrence, exploring it to greater depths and along strike to the northeast and to continue the testing of several of the other anomalies on the property. Ground geophysical surveying is underway and is anticipated to be completed by the third week of June. Drilling is scheduled to continue immediately thereafter.

The joint venture commenced drilling in late March 2008 and concluded drilling in mid May, in the vicinity of their chrome-nickel-platinum group metal bearing peridotite previously discovered by Spider and KWG in 2006, which appears to have many geological similarities to the Eagle Two discovery of Noront, announced in late February. Spider and KWG completed 7 holes for a total of 2,184 metres, under the auspices of Dr. Howard Lahti, P.Geo., of Billiken Management Services Inc. ("Billiken") an exploration consulting firm retained to complete the field program. Billiken provided the onsite supervision as well as camp facilities, helicopter support and other logistical support for the program.

RECENTLY RECIEVED ANALYTICAL RESULTS

Hole FW-08-06, was located 100 meters grid west of FW-08-05, and was drilled at an inclination of -50, with an azimuth of 150 degrees, to a total depth 384 meters. The hole was collared in limestone, entered granodiorite at 17.8 meters, then intersected peridotite at 103.3 meters. At 330.2 meters, massive chromitite layering started, interstitial rock at this location is described as pyroxenite/peridotite with local thin bands of massive magnetite. At 346.5 to 384 meters the rock is pyroxenite with short (1 m) chromitite beds, and erratic patches of fine grained pyrrhotite and pyrite throughout. The following table presents the results of hole FW-08-06:




---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole From To Int. Ni Pt Pd Au TPM Cr Fe
# (m) (m) (m) % g/t g/t g/t (g/t) % Cr2O3% %
---------------------------------------------------------------------------
FW-08-06 285.0 286.5 1.5 0.09 0.99 0.50 0.03 1.50 0.34 0.50 6.2
---------------------------------------------------------------------------
followed
by 289.5 295.5 6.0 0.04 0.42 0.20 0.01 0.62 0.16 0.27 3.2
---------------------------------------------------------------------------
followed
by 328.5 336.0 7.5 0.14 0.16 0.18 0.02 0.35 4.02 7.15 9.9
---------------------------------------------------------------------------
followed
by 339.0 340.2 1.2 0.17 0.04 0.07 0.00 0.11 8.89 24.64 21.7
---------------------------------------------------------------------------
followed
by 377.1 384.0 6.9 0.14 0.08 0.12 0.01 0.21 3.74 9.73 11.1
---------------------------------------------------------------------------
---------------------------------------------------------------------------
For the above table TPM refers to Total Precious Metals (Pt + Pd + Au)


Hole FW-08-07, located 100 meters grid east of FW-08-05, and was drilled at an inclination of -50, with an azimuth of 150 degrees. This hole was drilled to a final depth of 405.7 meters. Hole 7 encountered peridotite at 10 meter core length and the hole remained in peridotite until 194.7m. Chromitite layering started in a Pyroxenite, followed by short chromitite layers between 194.7 to 195 meters, and between 197.8 to 205.5 meters, followed by a thick bed of chromitite between 209.8 to 223.3 meters. This hole continued in pyroxenite until 300 meters where the hole entered gabbro and remained in this rock unit until 405.7 meters. The following table presents the results of hole FW-08-07:




---------------------------------------------------------------------------
---------------------------------------------------------------------------
Hole From To Int. Ni Pt Pd Au TPM Cr Cr2O3% Fe
# (m) (m) (m) % g/t g/t g/t (g/t) % %
---------------------------------------------------------------------------
FW-08
-07 64.5 73.5 9 0.08 0.186 0.189 1.81 2.183 nil nil 7.04
---------------------------------------------------------------------------
followed
by 100.3 108 7.7 0.14 0.269 0.325 0.019 0.613 6.27 9.17 10.8
---------------------------------------------------------------------------
followed
by 115.5 119.1 3.6 0.21 0.384 0.621 0.024 1.03 3.13 4.58 8.2
---------------------------------------------------------------------------
followed
by 166.5 176.7 10.2 0.17 0.14 0.293 0.018 0.452 8.99 13.14 8.8
---------------------------------------------------------------------------
followed
by 193.5 205.9 12.4 0.12 0.298 0.412 0.03 0.74 17.43 25.5 15.4
---------------------------------------------------------------------------
followed
by 209.8 224.2 14.4 0.07 0.26 0.13 0.026 0.416 21.01 30.73 17.6
---------------------------------------------------------------------------
---------------------------------------------------------------------------
The above table of analyses suggests several chromitite layers all of which
have different metal content as would be expected in a layered complex.
Some of the layers exhibit enrichment in chrome with many values in excess
of 10% as high as 30.73% Cr2O3 over 14.4 metres, while others are enriched
in TPM (Pt + Pd + Au values as high as 1.03 g/t) and yet others are
enriched in Nickel with values greater than 0.2%.


Chromitite (rock composed mostly of chromite) layers have been intersected in holes FW-06-03, FW-08-05, FW-08-06 and FW-08-07. The chromitite layers appear to occur as steeply dipping stratiform layers with down dip extent of at least 200 metres and strike length of at least 200 metres between lines 9+00E and 11+00E on the local grid. The chromitites vary from narrow seams, a few centimetres thick to massive beds of chromitite greater than 14 metres in drilled thickness (not true width). The host rock is an altered peridotite. Chromitite layers typically accumulate near the top of the peridotite sill in a magmatic massive sulphide setting, or they could occur laterally with respect to the feeder zone as distally thinning beds. Several additional weakly mineralized chromite enriched layers have also been noted in the peridotite below the massive chromitite layers encountered in holes 3, 5, 6 and 7. Some recent "cooperative" work has been undertaken with Noront on samples selected from the Freewest Option property. The work was done at University of Toronto, under the direction of Dr. James Mungall, his research assistant provided the analysis. Wavelength dispersive electron microprobe analysis of six individual chromite grains in samples from holes FW-08-05 (251.2, 255.8, 265.5, 269.0, 275.0 and 292 m) show that the compositions of the six chromite grains show some variability around an average value of 50.0 weight percent Cr2O3 (range 46% to 54%), with Cr/Fe ratios averaging 2.0 (range of 1.25 to 2.75) . Four chromite grains from FW-08-07 (210.5, 218.5, 223.0, and 298 m) show that the compositions of the chromite grains have less variability around an average value of 48 weight percent Cr2O3 (with a range of 46 to 50), with Cr/Fe weight ratios between 1.1 and 1.45 and averaging 1.3.

With several intersections of massive chromitite encountered in this recent drilling, the drill results can now be modelled three dimensionally and analyzed to determine section to section, as well as, hole to hole continuity. Lithogeochemical analysis will also be undertaken in order to join up the various chromitite layers to determine continuity. New drilling is currently being planned to infill the area between Section 10NE (Holes 3 and 5) as well as 11NE and 12NE on 50 metre centers. In order to understand more fully the chemical characteristics of the rock and how this impacts chrome valuation, whole rock analysis of the chrome enriched core must be undertaken.

OTHER DRILL AND ASSAY RESULTS

Hole FW-08-08 was designed to test an electromagnetic and magnetic anomaly located approximately 1 kilometre to the northeast of the main chromitite layered complex as defined by holes FW-06-03, FW-08-05, FW-08-06 and FW-08-07, along a magnetically inferred regional trend. This hole was located at local Grid co-ordinate L19+00E at 18+75N, and drilled grid south at 150 degrees with an initial dip of -50 degrees for a total length of 270 metres. The magnetic anomaly was explained by the presence of the magnetite enriched dunite, the conductivity anomaly may be related to the magnetite veinlets or the clay filled fault zone between 152 and 161.3 metres. No significant assays were received for this hole, although anomalous nickel was returned between 79.5 metres and 150.5 metres. Best assay over this interval was 0.306% Nickel over 3 meters.

Hole FW-08-09 was designed to undercut hole FW-08-08 to determine if there was any sulphide mineralization located within the fault zone encountered in hole 08 at greater depths. Hole 09 was positioned at L19+00E at 18+75N, drilled grid south at 150 degrees with an initial dip of -73.5 degrees. The presence of magnetite veinlets explained the high magnetic susceptibility and these veinlets if continuous and linked together may explain the conductivity observed in the ground and airborne geophysical surveys. There were no samples selected from this hole as no significant mineralization was observed.

Hole FW-08-10 was designed to undercut previously drilled hole FW-06-04 (drilled in 2006) to test two mineralized zones encountered in hole 4 that were anomalous in nickel, copper and platinum group elements (Pt and Pd). Hole 10 was positioned at local grid co-ordinate L14+00E at 12+07N, drilled grid south with azimuth of 150 degrees with an initial dip of -65 degrees for a total length of 312 metres. Gabbro was encountered between 36.5 metres and 86.7 metres (changing to coarse grained around 63 metres). At 86.7 metres the gabbro changed to an olivine rich gabbro, grading into a peridotitic phase of the gabbro at 115.5 metres depth. The olivine gabbro-peridotite contained weak to moderate sulphide mineralization between 90 and 115.5 metres. At 115.5 metres the rock became heavily chloritized with silica flooding in the form of veins bearing sulphides (pyrite, pyrrhotite and minor chalcopyrite). At 170.6 metres the hole entered an intermediate to felsic tuff with variable sulphide content including pyrite, pyrrhotite and chalcopyrite and remained in this sulphide zone until 192.7 meters. Relatively barren intermediate to felsic tuff was encountered to end of hole at 312 metres. The subtle magnetic feature and moderate conductivity as interpreted from the ground and airborne surveys have been explained by the visual results of this drill hole. Only anomalous values in Nickel over short sample sections were returned from the samples selected from this hole.

Hole FW-08-11 was designed to undercut hole FW-08-10 as well as hole FW-06-04. This hole was positioned on local grid L14+00E at 12+75N, drilled grid south with azimuth of 150 degrees with an initial dip of -65 degrees for a total length of 309 metres. After passing through 12 metres of overburden the hole entered gabbro and remained in gabbro until 90.2 metres. At 90.2 metres the gabbro changed to a coarse grained porphyritic gabbro until 152.5 to 156.2 when the gabbro was found to be in fault contact with intermediate volcanic. Between 156.2 and 175.6 metres the volcanics were found to have undergone extensive alteration (chloritization and silica flooding) and brecciation. Variable amounts of sulphide minerals including pyrite, pyrrhotite and chalcopyrite were noted in this section. At 175.6 to 182.7 the sulphide content increased, chloritization and carbonate alteration were noted. At 182.7 and extending to 189.7 metres the hole encountered coarse grained gabbro (porphyry), followed by chlorite schist between 186.7 and 195.7 metres, followed by gabbro until 231 metres. Another Intermediate volcanic unit was encountered between 231 continuing to the end of the hole at 309 metres. Sulphide mineralization was noted between 235.5 and 279 metres. The presence of two distinct sulphide zones encountered in this hole is encouraging, these were analyzed for their base and precious metal content. The sulphide accumulation encountered by this hole has explained the conductivity anomaly with weak magnetic signature. The following table presents the results for this hole:




--------------------------------------------------------------------------
--------------------------------------------------------------------------
From To Int. Cu Pt Pd Au TPM
Hole # (m) (m) (m) % Ni% g/t g/t g/t g/t
--------------------------------------------------------------------------
FW-08-11 169.3 171.1 1.8 0.18 0.37 0.023 0.223 0.412 0.658
--------------------------------------------------------------------------
followed by 175.6 182.7 7.1 0.15 0.27 0.046 0.274 0.029 0.348
--------------------------------------------------------------------------
--------------------------------------------------------------------------


SAMPLE PROTOCOL, SECURITY, ANALYSES

All drill holes were logged and samples referred to herein were completed and selected by Howard Lahti Ph.D., P.Geo, of Fredericton New Brunswick. The samples were sawn in half, with half of the core retained for further work and/or storage at the main base camp. The split samples were placed into individual plastic bags, clearly labelled and tagged and then sealed in rice bags where a numbered seal lock was closed by Dr. Lahti. The sealed rice bags were placed in plastic sealed pails and shipped via bonded carrier to Activation Laboratory's (ActLab) new facility in Thunder Bay, Ontario. The samples were then entered into ActLab's system for preparation, processing and analyzing. After initial processing at the Thunder Bay facility of ActLab the samples were shipped via lab - lab bonded courier to ActLab's main laboratory in Ancaster, Ontario. The samples all underwent multi-element analysis using four acid digestion followed by Inductively Coupled Plasma analysis (TD-ICP). Where overlimits in nickel and copper are encountered in the first pass, Optical Emission Spectrometry (ICP-OES) is used to provide the overlimit results, as well as Fire Assay Inductively Coupled Plasma (FA-ICP) for gold, platinum and palladium. Additional analysis using Instrumental Neutron Activation Analysis (INAA) was completed for all samples for their respective chrome grades in excess of 1% chrome. For more information on these analytical techniques please refer to Activation Laboratory website www.actlabs.com.

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel and platinum group element (PGE) enriched peridotite. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both these dimensions, and the peridotite setting similarity to Noront's Eagle One MMS discovery (located 3.6 km to the SE), as well as the Eagle Two sheared massive sulphide occurrence, (located 2 km to the SE of Eagle One) which also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. Noront's peridotite sill, announced on April 2, is rendered by airborne geophysics to continue to the east-north-east of their Eagle One occurrence towards and through the Freewest Option property of Spider and KWG as well as to the east-south-east of Eagle Two.

This press release has been prepared by management of Spider Resources Inc., which is the Operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 310,311,767 shares issued in Spider.

Freewest is a well-funded mineral exploration corporation, with working capital in excess of $8.5 million, exploring for gold and base-metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest' shares are listed on the TSX Venture Exchange under the symbol FWR.

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



Contact:
Mackenzie I. Watson
Freewest Resources Canada Inc.
President and CEO
[phone] or 1-888-878-3551
[phone] (FAX)
Email: [e-mail]
Website: www.freewest.com


Source: Freewest Resources Canada Inc., Spider Resources Inc., KWG Resources Inc.

[mike32]

http://www.agoracom.com/ir/freewest/messages/858895#message




NEWS - Freewest and Rockport Announce Increase in Mineral Resources as Well as Resource Expansion Plan at Clarence Stream, New Brunswick
Posted by: AGORACOM on June 13, 2008 10:31AM

HIGHLIGHTS:
- 37% increase in Indicated Mineral Resources and 38% increase in Inferred Mineral Resources over the previous estimates in 2006


- Drilling completed since the resource update have expanded the limits of mineralization yielding results of 7.11 g/t gold over 5.00 metres and 16.60 g/t gold over 2.00 metres


- Rockport is funding an aggressive $5.0 million exploration and resource expansion drilling program in 2008 with the objective of increasing the Property's mineral resource to the 1 million-ounce-plus range


MONTREAL, QUEBEC, CANADA-( June 13, 2008) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) and Rockport Mining Corp. ("Rockport") today announce the results of an updated mineral resource estimate for the Clarence Stream property (the "Property"). The Property comprising 11,296 hectares is located close to infrastructure, 70 kilometres southwest of Fredericton and 20 kilometres east of the Mount Pleasant tin-tungsten-molybdenum-indium facility in Charlotte County, southwestern New Brunswick.

UPDATED MINERAL RESOURCE ESTIMATE:

The updated 43-101 compliant mineral resource estimate contains an Indicated Mineral Resource of 815,000 tonnes at a grade of 6.85 g/t gold (cut) yielding 179,000 ounces of gold. Inferred Mineral Resources are estimated to total 660,000 tonnes grading 5.94 g/t gold (cut) containing 126,000 ounces of gold. An Indicated Mineral Resource of 114,000 tonnes grading 2.9% antimony amounting to 7,300,000 pounds of antimony was also calculated for the AD Zone, one of the Distal deposits. The details of the updated gold mineral resource estimate are tabled below.




Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) updated the mineral resource estimate at Clarence Stream as of February 14, 2008, utilizing a drill hole data base comprising 393 core holes, totaling 40,750 metres. A set of cross sections and plan views were interpreted to construct three-dimensional grade-shell wireframe models at a cut-off grade of 3.0 g/t gold, to a minimum thickness of two metres. High gold grades were cut to 30 g/t gold prior to compositing. Block model gold grades within the wireframe models were estimated by inverse distance squared. Classification into the indicated and inferred categories was guided by the drill hole density and the apparent continuity of the mineralized zones.

MINERAL RESOURCE EXPANSION TARGETS:


Drilling to date has identified 2 distinct deposit clusters known as the Proximal deposits and the Anomaly-A, or Distal deposits. The limits of gold mineralization have yet to be defined at either of the deposit clusters. Twenty-five (25) mineralized lenses comprise the Proximal deposits, occurring over a minimum strike length of 3.6 kilometres, striking east-northeast and dipping steeply to the north. Most of these mineralized zones are open along strike and to depth, clearly indicating excellent potential for resource expansion (Figure 1).

Drilling is continuing at Clarence Stream utilizing 2 drill rigs in an accelerated plan to increase the mineral resource to the 1 million-ounce-plus range. Recent drilling totaling 25 holes have been completed since the February 2008 mineral resource. Such drilling has further increased the dimensions of the Deep Lens and added to the mineral resource, attesting to the depth potential of this large gold-bearing system. Additional new drill intercepts obtained from the Deep lens include 7.11 g/t gold over 5.00 metres (CS08-273), 4.48 g/t gold over 4.00 metres (CS08-289), 16.60 g/t gold over 2.00 metres (CS08-290) and 3.50 g/t gold over 4.00 metres in drill hole CS08-284. Drilling will continue to test this lens at depth as well as stepping out along strike to the southwest.

An additional prime target for resource expansion among the Proximal deposits is the East Zone. Here, drilling has been completed to very shallow depths (less than 100 metres) and has returned such intercepts of 20.76 g/t gold over 2.00 metres and 12.45 g/t gold over 4.50 metres. Diamond drilling will be completed at depth at this target and will also test for an eastern extension of the gold-bearing structure.

The Anomaly-A or Distal deposit cluster is dominated by the AD-MW lens, a bowl-shaped structure with an average vertical thickness of about 3 metres. Mineralization at this lens is all located within 100 metres of surface and remains open for expansion down-plunge and along strike (Figure 2).

Figures 1 and 2 comprise part of this news release and are posted on the Freewest website at www.freewest.com

Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. stated: "The updated mineral resource estimate by Scott Wilson RPA provides us with a significant increase in gold resources over that calculated in 2006. We look forward to continued drilling success and reaching our target of exceeding the 1 million-ounce resource level during 2008."

To accomplish this, Rockport is currently funding an aggressive first-year $5,000,000 exploration and resource expansion program at Clarence Stream in an effort to increase the property's mineral resource to the 1 million-ounce-plus range. Rockport may earn a 30% interest in the Property by spending $3,000,000 on exploration before October 2008 and a cumulative 50% interest by spending an additional $4,500,000 on exploration prior to October 2011. A cumulative 65% interest may be obtained by Rockport funding the Property through to a feasibility study. Rockport is a well-funded private St. Andrews-based (New Brunswick) mineral exploration company.

Glen Lutes, P. Geo. (New Brunswick) is the qualified person on-site at the Clarence Stream property. Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director of Freewest Resources Canada Inc. is responsible for the preparation of this news release. This release has been approved by David Ross, P.Geo., Senior Geologist with Scott Wilson RPA.

Freewest is a well-funded mineral exploration corporation, with working capital in excess of $8 million, exploring for gold and base-metals in Eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest' shares are listed on the TSX Venture Exchange under the symbol FWR.

The TSX Venture Exchange has not approved and does not accept responsibility for the adequacy of this press release.

For more information, please contact

Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
514-878-3551 or 1-888-878-3551
[e-mail]
www.freewest.com

or

Rockport Mining Corp.
Henry A. Miller
President and CEO
506-529-8206
506-529-8595 (FAX)

[mike32]

http://biz.yahoo.com/ccn/080625/200806250470798001.html?.v=1




Tribute Minerals and Goldeye Explorations Form McFaulds Resources Inc. for Exploration in the 'Ring and Fire'
Wednesday June 25, 11:36 am ET


TORONTO, ONTARIO--(Marketwire - June 25, 2008) - Tribute Minerals Inc. (TSX VENTURE:TBM - News) and Goldeye Explorations Limited (TSX VENTURE:GGY - News) are pleased to jointly announce that they have rolled their respective interests in their land holdings in the James Bay Lowlands, McFaulds Lake area 'Ring of Fire' (the "Property") into a new company known as "McFaulds Resources Inc." ("MFR") Each of Tribute and Goldeye retained a 1% NSR in the Property and each hold 14,000,000 common shares of MFR. The directors of MFR will be Ian Brodie-Brown, William R. Johnstone, Richard Dean, John Harvery, Richard Nemis and Blaine Webster, who will be Chairman of the board of directors. The officers will be Ian Brodie-Brown, President and CEO, Errol Farr, CFO, Trevor Boyd, VP Exploration, and William R. Johnstone, Corporate Secretary.
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MFR will be seeking financing by way of an equity private placement of between $6,000,000 and $12,000,000 for further exploration of the Property. It is intended that MFR will file a prospectus to take MFR public as soon as a National Instrument 43-101 technical report is completed, to, among other things, qualify the distribution of 8,000,000 common shares of MFR to the shareholders of Tribute (from its 14,000,000 shares of MFR) and 8,000,000 common shares of MFR to the shareholders of Goldeye (from its 14,000,000 shares of MFR) by way of a dividend in specie.

MFR will hold 17,792 hectares in the James Bay Lowlands, McFaulds Lake, 'Ring of Fire', with additional staking currently in progress. Helicopter airborne electromagnetic surveys (VTEM), flown on one half of the land package have identified numerous Cu/Ni and Cu/Zn targets.

Blaine R. Webster, P. Geo., President and CEO of Goldeye, is the qualified person as defined by National Instrument 43-101 who supervised the preparation of the technical information contained in this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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



Contact:
Ian Brodie-Brown
Tribute Minerals Inc.
President and C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.tributeminerals.com

Blaine Webster
Goldeye Explorations Limited
President and C.E.O.
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.goldeye.ca

[mike32]

http://biz.yahoo.com/cnw/080627/kwg_ring_of_fire.html?.v=1



KWG to drill Ring of Fire claims near Eagle One discovery
Friday June 27, 11:48 am ET


Symbol on TSX-Venture Exchange: KWG Shares issued and outstanding: 263,659,821


MONTREAL, June 27 /CNW/ - KWG Resources Inc. (TSXV-KWG) will resume drilling in the next few weeks at the Freewest Option claims in the Ring of Fire area of Northern Ontario. At the KWG annual meeting last Friday, shareholders were advised that drilling will commence at the Freewest Option claims, located near the Noront Resources Ltd nickel, chrome and platinum group metals discoveries, to expand the important chromitite mineralization identified earlier this year and test other geophysically-identified targets.
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Assays from the first 2008 hole FW-08-05 returned Chromitite (Chrome Oxide, Cr(2)O(3)) grades as high as 35.6% over 7.5 metres. Other layers show enrichment in platinum and palladium as high as 1.0 g/t (Pt + Pd) over 4.3 metres as well as enrichment in nickel as high as 0.25% Ni over 3 metres. KWG regards the Chromitite assay results as significant because this chrome-PGE-nickel discovery evidences an apparent continuation of the mineralized trend also hosting the Noront Eagle 1 and Eagle 2 discoveries.

KWG & Spider Resources Inc, are joint venture partners in the Freewest Option and may together earn up to a 65% operating interest in the claims optioned from Freewest Resources Canada Inc.

Drilling for diamonds to begin on MacFadyen Kimberlites: Shareholders were also advised that KWG's wholly-owned subsidiary, Debuts Diamonds Inc, has contracted a helicopter-moveable drill rig to drill at least two untested targets on the MacFadyen Kimberlite claims. The targets were identified by the analysis of the earlier geophysical data acquired in the MacFadyen claims. Camp construction has commenced for mobilization of the drill rig. Drilling is expected to begin in approximately three to six weeks.

The MacFadyen Kimberlites property is located in the James Bay Lowlands of northern Ontario. The property is on the south shore of the Attawapiskat River about 66 miles (105 km) west of Attawapiskat. Exploration on the MacFadyen Kimberlites has identified small quantities of commercial sized diamonds in 2007. The MacFadyen Kimberlites consists of 5 claims, totalling about 1,661 acres or 672 hectares, adjacent to the De Beers' Victor Mine. The Victor Mine began diamond production in January 2008.

A bulk-sampling program of the MacFadyen Kimberlites had not been able to proceed as planned earlier this year, because the available reverse-circulation drill had been employed by De Beers for a sampling program at the adjacent Victor Diamond Mine. The remaining cold-weather season had then been insufficient to employ the rig over ice conditions for the sampling program wanted at MacFadyen. Debuts Diamonds now plans instead to conduct a limited sampling program of indicator minerals this summer on the adjacent claims previously acquired from Pele Mountain Resources Inc, in addition to the drilling of the geophysical anomalies.

Transfer of diamond prospects to Debuts: As previously announced KWG has completed the transfer of all its diamond exploration assets on April 29, 2008 to Debuts Diamonds Inc. This includes six diamond prospects in the following claim groups: MacFadyen Kimberlites, Pele, Uniform Surround, Wawa Joint Venture, Kyle Joint Venture and diamond rights only in the Diagnos Initiative Joint Venture. KWG continues to hold directly the interests in the Freewest Option, the McFauld's Lake Joint Venture optioned to UC Resources Ltd and the non-diamond assets of the Diagnos Initiative Joint Venture.

Debuts Diamonds is completing an audit for inclusion in a non-offering prospectus by which it will seek to qualify itself as a reporting issuer in Ontario. As previously announced, it is planned to distribute the majority of the currently outstanding shares of Debuts Diamonds Inc as a tax-free return of capital to the holders of KWG's issued shares outstanding at the record date of the dividend. The record date will be determined when a receipt has been issued for the prospectus.

KWG's directors re-elected at annual meeting: Messrs. Michel Côté, Douglas Flett, Michael Harrington, Leonard Teoli, Dr. Mousseau Tremblay and Frank Smeenk were re-elected as directors of KWG at the meeting of KWG shareholders held in Montreal on June 20, 2008. Dr. Tremblay was re-elected Chairman of the KWG Board of Directors following the meeting and Messrs. Harrington and Smeenk were re-appointed Vice-Chairman and President, respectively. Luce Saint-Pierre was re-appointed as Secretary and Martin Nicoletti as CFO.


THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

For further information

BRUCE HODGMAN, Communications Director, Direct: [phone], [e-mail]
MICHEL COTE, Director, [phone] ext. 266, Or visit our website: www.kwgresources.com

[mike32]

http://biz.yahoo.com/ccn/080709/200807090473035001.html?.v=1




Freewest Updates Exploration Activities on Its McFaulds Project in Ontario and Windfall Project in Quebec
Wednesday July 9, 8:30 am ET


MONTREAL, QUEBEC--(Marketwire - July 9, 2008) - Freewest Resources Canada Inc. (TSX VENTURE:FWR - News) -
ADVERTISEMENT


HIGHLIGHTS:

- Diamond drilling to occur on 3 of Freewest's McFaulds Lake area properties this summer

- Numerous high-quality airborne and ground geophysical anomalies to be targeted on Freewest's 100%-owned property at McFaulds, by a 10,000-metre diamond drilling program

- F-17 gold zone accessed by underground ramp at Windfall property reveals impressive visible gold

Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc. (the "Corporation") (TSX VENTURE:FWR - News), is pleased to provide the following exploration update on the Corporation's McFaulds project located in northern Ontario and on its Windfall project situated in central Quebec.

MCFAULDS PROPERTIES:

The McFaulds project comprises 3 separate properties situated 3.6 kilometres northeast of the Eagle One nickel-copper-platinum group element deposit held by Noront Resources Ltd. (TSX VENTURE:NOT - News) in the James Bay Lowlands of northern Ontario. They are known as the 100%-owned property, the Freewest-Spider-KWG JV property and the Freewest-Noront JV property (see Figure 1). Figures 1 and 2 comprise part of this news release and are posted on the Freewest website at www.freewest.com.

Eagle One has yielded some exceptional grades including 5.90% nickel, 3.10% copper, 2.87 g/t platinum, 9.78 g/t palladium over 68.3 metres (NOT-07-05) as well as 6.30% nickel, 2.80% copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres in drill hole NOT-07-27. Noront also recently released a National Instrument 43-101 compliant mineral resource estimate for the Eagle One deposit (See Noront Press Release dated July 4, 2008).

Noront also discovered a second nickel-copper massive sulphide occurrence known as Eagle Two, two kilometres southwest of Eagle One. Several drill holes have intersected deformed semi to massive sulphides over widths of up to 26 metres in a conduit hosted in altered peridotite. Closely associated with Eagle Two mineralization, are several chromitite layers in peridotite yielding assays of up to 39.1% CR2O4 over a core length of 49.4 metres. Both Eagle One and Eagle Two are intimately associated with discrete magnetic anomalies (magnetic highs) and coincident electromagnetic anomalies or conductors.

100%-Owned Property

Over the last 4 months, Freewest has completed airborne geophysical surveys (AeroTEM flown by Aeroquest Ltd. and VTEM flown by Geotech Ltd.) with ground follow-up surveys including magnetics, HLEM (horizontal-loop electromagnetic) and a deep-penetrating electromagnetic survey known as InfiniTEM (TDEM). Collectively, the geophysical surveys have defined several anomalies comprising coincident magnetic highs and conductors, the same geophysical signature that characterizes the Eagle One and Two occurrences. The AeroTEM airborne geophysical survey revealed strong conductors featuring conductance values of up to 53 siemens while the VTEM survey yielded conductance of up to 157 siemens. The deep-penetrating ground InfiniTEM survey revealed a number of coincident conductors that are qualitatively described, as being of high conductance (see figure 2).

Such anomalies are prime targets for nickel-copper-platinum group element mineralization and will be tested in an upcoming diamond drilling program, anticipated to begin in the latter part of July. An initial 5000-metre diamond drilling program is planned to test some of the geophysical targets, with additional drilling slated for the late summer and early fall. Drill results will be released as they become available.

Freewest-Spider-KWG JV Property

A diamond drilling program recently completed by Spider Resources and KWG Resources on the property resulted in the expansion of a new chromite zone hosted in peridotite. To date, high-grade chromite mineralization has been traced by 4 drill holes over a strike length of 200 metres and to a vertical depth of close to 300 metres. Hole FW-08-07 intersected 30.73% CR2O3 over 14.4 metres while FW-09-05 cut 35.6% CR2O3 over a core length of 7.5 metres. Anomalous levels of nickel, copper and platinum-group-elements were obtained in these drill intercepts as well. The chromite zone remains completely open-ended along strike and to depth.

To augment these very positive results, the joint-venture commissioned a chrome marketing study to help provide guidelines for future exploration work on chrome. Such a study will include an initial market review followed by mineralogical and petrographic studies of the chromite that would help determine if the chrome can be upgraded to meet minimum industry specifications.

Diamond drilling will also resume shortly on the property in efforts to expand the chromitite zone and to test other geophysical targets for nickel-copper-platinum group element mineralization. Additional ground geophysical surveys involving HLEM and deep-penetrating electromagnetic surveys (TDEM) may also be completed, to ready certain targets for diamond drilling.

Spider and KWG may earn a 50% interest in the property by spending $3.0 million on exploration over a 4-year period. They may earn a 60% interest by delivering a bankable feasibility study on any mineralization found and a cumulative 65% interest by arranging project financing on behalf of Freewest to place such mineralization into commercial production.

Freewest-Noront JV Property

Freewest Resources Canada Inc. and Noront Resources Ltd. recently agreed to jointly explore a key airborne geophysical anomaly situated near the common boundary of the 100-owned property and adjacent land owned by Noront. Under the agreement terms, Freewest and Noront contributed 68 and 70 acres of their properties respectively, to form the joint-venture property (see Freewest news release of May 14, 2008).

The joint-venture property covers a prominent bulls-eye-shaped magnetic anomaly resembling the magnetic signature associated with the Eagle One deposit. Deep penetrating electromagnetic surveys (TDEM) will be completed over the magnetic anomaly to help prepare this target for diamond drilling.

WINDFALL PROPERTY, QUEBEC:

At Freewest's Windfall property in northern Quebec, Noront Resources Ltd. recently announced that the exploration ramp had accessed the F-17 gold zone (see Noront news release of June 26, 2008). Significant visible gold was reported during the course of the underground work with Noront stating: "gold was found to form a film or mesh, permeating the host rock and exposed on broken surfaces covering areas up to 8 centimetres by 10 centimetres."

In addition, it is expected that a parallel gold zone, the F-11zone will shortly be accessed by the underground ramp. Both of the F-17 and F-11 gold zones are located on a group of 29 claims under option to Noront that are owned equally by Freewest Resources Canada Inc. (50%) and Murgor Resources Inc. (50%). Noront is earning a 50% interest in the 29 mineral claims by incurring exploration expenditures of $4.0 million. Currently, Noront is incurring all of the exploration and development costs on the Windfall project.

Significant historical results obtained from the F-17 gold zone include 10.46 g/t gold over 11.00 metres (hole 05-20) and 9.32 g/t gold over 11.00 metres (hole 05-21) while those from the F-11 gold zone yielded values of 11.91 g/t gold over 17.00 metres (hole 05-30) as well as a channel sample that assayed 40.82 g/t gold over 5.90 metres.

DALHOUSIE MOUNTAIN PROPERTY, QUEBEC:

In other developments, Freewest will shortly embark on a stripping program on its optioned Dalhousie Mountain property. The property comprising 3,730 hectares, is located in the Bell River Complex, 50 kilometres southeast of Mattagami, Quebec. Earlier work completed by Freewest included a time-domain airborne electromagnetic survey (SkyTEM), ground geophysical surveys and prospecting.

Prospecting and blasting of one of the conductors yielded by the geophysical surveys returned copper values of up to 4.5% in limited sampling within layered gabbroic host rocks. The conductor, 200 metres long and 20 to 30 metres wide, will be the initial focus of a mechanical stripping and sampling program to commence next week.

Closely associated with a nearby conductor is an area of vanadium mineralization. Limited work completed by the operator identified a large area of vanadium mineralization, with a potential outcrop area of 1.2 kilometres by 0.2 kilometres, yielding assays of up to 1.27% V2O5 from blasted outcrop samples. This mineralization and associated conductor has never been tested by diamond drilling. Preliminary work on the vanadium zone will include mechanical stripping and detailed sampling.

Freewest may earn a 100% interest in the property from the vendor, EX-IN, by issuing them 500,000 shares of the corporation (Freewest Resources Canada Inc.) and expending $150,000 on exploration over a 2-year period. Additionally, the vendor has the option to purchase an additional 500,000 shares of Freewest at a price of C$0.20 over the same 2-year period.

Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director of Freewest Resources Canada Inc. is the Qualified Person (under National Instrument 43-101) on the McFaulds project and is responsible for the preparation of this news release. Luciano Vendittelli, P. Geo. (Quebec), is the qualified person on-site at the Dalhousie Mountain property in Quebec.

In other news, Freewest announces that on July 7, 2008, its Board of Directors granted stock options in respect of an aggregate of 850,000 common shares to seven of Freewest's directors and senior officers, at an exercise price of $0.30 per share. The closing price of Freewest's shares on the TSX Venture Exchange on July 4, 2008 was $0.28. At the same time, the Board of Directors also granted stock options in respect of an aggregate of 50,000 common shares to one of Freewest's employees, also at an exercise price of $0.30 per share. All of the stock options were granted pursuant to Freewest's incentive stock option plan.

Freewest is a well-financed mineral exploration corporation exploring for gold and base-metals within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

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



Contact:
Mackenzie I. Watson
Freewest Resources Canada Inc.
President and CEO
[phone] or 1-888-878-3551
[phone] (FAX)
Email: [e-mail]
Website: www.freewest.com

[franz991]

Star-Metalex-WSR Joint Venture Intersects 26m of 13.8% ZincWSR GOLD INC WSR 9/10/2008 8:00:05 AMVANCOUVER, BRITISH COLUMBIA, Sep 10, 2008 (Marketwire via COMTEX News Network) --
Arctic Star Diamond Corp. (the "Company" or "Arctic Star") (TSX VENTURE:ADD), Metalex Ventures Ltd. (TSX VENTURE:MTX) ("Metalex") and WSR Gold Inc.'s (TSX VENTURE:WSR) ("WSR") Joint Venture Project along the Ring of Fire in the James Bay Lowlands, is pleased to report the first assay results from its zinc-copper-lead-silver (Zn-Cu-Pb-Ag) discovery on anomaly 5.01, located 45 km north of Noront's Eagle One Deposit.

HIGHLIGHTS

- DDH5.01-06 intersected near-massive to massive sulphides from 65-167m downhole for a length of 102m averaging 6.5% Zn, 0.44% Cu, 0.19% Pb, and 3 g/t Ag. Included within this section, from 99.7-125.7m, for a length of 26m, the zone averaged 13.8% Zn, 0.50% Cu, 0.05% Pb, and 2 g/t Ag.

- DDH5.01-14 intersected similar near-massive to massive sulphides from 83.0-120.0m downhole for a length of 37.0m, averaging 6.0% Zn, 0.34% Cu, 0.05% Pb and 6 g/t Ag. Included in this section, from 103.0-111.0m, for a length of 8m, the zone averaged 17.4% Zn, 0.24% Cu, 0.04% Pb and 5 g/t Ag.

- DDH5.01-15 intersected similar near-massive to massive sulphides from 158.8-184.2m downhole, for a length of 25.4m, averaging 7.6% Zn, 0.35% Cu, 0.36% Pb, and 8 g/t Ag.

- Mineralization, alteration and the geological environment at the 5.01 anomaly appears to be typical of a Noranda-Mattabi-style VMS (Volcanogenic Massive Sulphide) deposit.

- The mineralized zone appears to subcrop beneath approximately 15 meters of glacial till and thus far has been delineated along a north-south strike for 150m, dips 75 degrees to the east, with a maximum core width of 53m and plunging flatly to the south. The base metal occurrence appears open in all directions.

To date, Metalex has completed 25 holes on the 5.01 anomaly totalling 5,699.4 meters since the program began in 2008.

Assay results have now been received for holes 1 to 15. The results from significantly mineralized intervals within these holes are presented in the following table.

Significant Assay Results for Project 5.01 From To Length Zn Cu Pb AgHole (m) (m) (m) % % % g/t05.01-01 108.2 109.5 1.3 3.04 0.232 less 2 than 0.01 118.8 124.1 5.3 4.20 0.275 0.574 9 Incl 121.3 122.6 1.3 8.02 0.287 1.3 1105.01-02 22.9 28.1 5.2 2.54 0.053 0.216 405.01-03 94.6 100 5.4 3.33 0.027 0.007 2 Incl 94.6 95.7 1.1 6.76 0.063 less 4 than 0.0105.01-04 30.9 37 6.1 5.83 0.265 0.006 2 Incl 35 37 2.0 10.69 0.517 0.006 105.01-06 36.8 38.8 2.0 3.19 0.256 0.014 1 65 167 102.0 6.48 0.435 0.185 3 Incl 99.7 125.7 26.0 13.81 0.502 0.053 2 Incl 144.5 145.5 1.0 11.15 0.535 0.170 2 Incl 162 165 3.0 11.90 0.417 0.763 11 183.15 189.6 6.4 3.42 0.098 0.002 less than 1 195.5 197.6 2.1 2.55 0.078 0.159 305.01-09 88 90 2.0 3.55 0.253 0.007 2 141 152 11.0 4.92 0.514 0.006 2 Incl 149 151 2.0 12.32 0.218 0.006 1 220.5 221.6 1.1 0.27 4.510 0.480 405.01-14 83 120 37 5.96(i) 0.339 0.047 6 Incl 103 111 8 17.42(i) 0.236 0.037 505.01-15 158.8 184.2 25.4 7.63 0.345 0.355 8 Incl 161.9 162.4 0.5 17.45 0.064 0.001 2 Incl 167 174.6 7.6 11.67 0.486 0.303 10 Incl 180.3 182 1.7 11.73 0.235 0.305 11 227.5 228.8 1.3 0.06 1.155 0.002 6(i) An 1.2m interval from 109.8m on hole 5.01-14 has a zinc concentrationgreater than 30% which is the upper limit of the assay technique. It isbeing re-assayed.The following table contains the grid and UTM locations along with the collar information for the 25 holes completed on anomaly 5.01 to date.

Location and Collar Information for 5.01 Drilling to Date------------------------------------------------------------------------ Hole Information------------------------------------------------------------------------Hole No. Grid E Grid N UTM e (m) UTM n (m) Z (m) Az Dip Length------------------------------------------------------------------------DDH501-01 L1+00E 0+50N 522313.8 5901524.0 167.6 180 -60 149------------------------------------------------------------------------DDH501-02 L1+00E 0+00 522311.1 5901476.0 168.0 0 -90 201.2------------------------------------------------------------------------DDH501-03 L1+00E 0+50N 522313.8 5901524.0 167.6 180 -45 146.5------------------------------------------------------------------------DDH501-04 L1+00E 0+75S 522309.6 5901400.0 168.0 0 -45 163.1------------------------------------------------------------------------DDH501-05 L1+00E 0+02N 522313.8 5901476.0 168.0 0 -85 182.5------------------------------------------------------------------------DDH501-06 L1+50E 0+50N 522361.0 5901525.0 168.0 179 -65 227.5------------------------------------------------------------------------DDH501-07 L1+50E 0+50N 522360.9 5901525.0 168.0 137 -45 158.5------------------------------------------------------------------------DDH501-08 L1+50E 0+50N 522360.8 5901525.0 168.0 183 -45 140.2------------------------------------------------------------------------DDH501-09 L1+50E 1+00N 522359.4 5901575.0 167.8 177 -60 249.7------------------------------------------------------------------------DDH501-10 L2+00E 0+50N 522413.8 5901526.0 167.8 181 -62 281.7------------------------------------------------------------------------DDH501-11 L2+00E 1+00N 522414.9 5901576.0 167.8 179 -60 146.3------------------------------------------------------------------------DDH501-12 L2+00E 1+00N 522415.1 5901576.0 167.7 181 -60 292------------------------------------------------------------------------DDH501-13 L1+50E 1+29N 522358.6 5901606.0 167.7 182 -60 279------------------------------------------------------------------------DDH501-14 L1+50E 0+40S 522363.7 5901436.0 168.0 0 -55 282------------------------------------------------------------------------DDH501-15 L1+50E 1+15S 522365.8 5901361.0 167.9 1 -55 278.7------------------------------------------------------------------------DDH501-16 L1+75E 0+00 522386.8 5901475.0 168.1 276 -55 244.9------------------------------------------------------------------------DDH501-17 L2+75E 0+50N 522494.9 5901525.0 167.5 267 -55 327------------------------------------------------------------------------DDH501-18 L1+05E 0+00 522310.4 5901475.0 168.0 269 -55 239.6------------------------------------------------------------------------DDH501-19 L1+75E 0+00 522387.3 5901475.0 167.9 271 -70 240------------------------------------------------------------------------DDH501-20 L1+75E 0+25S 522386.9 5901450.0 167.9 272 -60 261------------------------------------------------------------------------DDH501-21 L1+75E 0+25N 522386.0 5901499.0 167.9 267 -60 234------------------------------------------------------------------------DDH501-22 L2+59E 0+90N 522522.3 5901535.0 167.6 241 -55 315------------------------------------------------------------------------DDH501-23 L2+48E 0+12N 522461.1 5901487.0 167.9 232 -57 30------------------------------------------------------------------------DDH501-24 L2+48E 0+12N 522461.1 5901487.0 167.9 232 -51 270------------------------------------------------------------------------DDH501-25 L1+89E 1+64N 522523.8 5901463.0 168.0 235 -51 351------------------------------------------------------------------------NAD83, Zone 16The following table contains the visual descriptions for holes completed since the last press release dated June 16, 2008.

Visual Description of Mineralization in Recent Drill Core--------------------------------------------------------------------------- Mineralization--------------------------------------------------------------------------- From ToHole No. (m) (m) Int(m) Description---------------------------------------------------------------------------DDH501-11 hole lost---------------------------------------------------------------------------DDH501-12 no significant mineralization---------------------------------------------------------------------------DDH501-13 no significant results---------------------------------------------------------------------------DDH501-16 167 188 21 near-massive to massive sulphides, visible sph, cp---------------------------------------------------------------------------DDH501-17 172 188 16 disseminated sulphides with visible sph, cp---------------------------------------------------------------------------DDH501-18 62 102 40 disseminated sulphides---------------------------------------------------------------------------DDH501-19 83 132 49 stringer sulphides with visible sph, cp---------------------------------------------------------------------------DDH501-20 78.6 86.3 7.7 near-massive to massive sulphides, visible sph, cp---------------------------------------------------------------------------DDH501-21 50.7 93.5 42.8 near-massive to massive sulphides, visible sph, cp---------------------------------------------------------------------------DDH501-22 240 293 53 disseminated and stringer sulphides, visible sph, cp---------------------------------------------------------------------------DDH501-23 hole abandoned---------------------------------------------------------------------------DDH501-24 180 183.5 3.5 near-massive to massive sulphides, visible sph, cp---------------------------------------------------------------------------DDH501-25 271 282 11 stringer and near-massive sulphides, visible sph, cp---------------------------------------------------------------------------Additional ground and down hole geophysical surveys have now been completed on 5.01 and the interpretation of the data is awaited. The joint venture has temporarily suspended the drilling on anomaly 5.01 as of Sept 5, 2008 to allow the results of the completed work to guide the next phase of drilling. Detailed logs of the most recent holes, assay results from holes 16 to 25, and the ground geophysical interpretation are currently being completed.

Description of the mineralized body

From the drilling to date, the high grade Zn-Cu-Pb-Ag mineralized zone has been delineated over a strike length of 150m which appears to be almost due north-south and dipping steeply at 75 degrees to the east. It has been intersected thus far between 50 and 215 meters below surface and appears to be 3.5-53m wide along core length with a possible shallow 30 degree plunge to the south. The high grade mineralization is part of a wider, more extensive system of volcanically derived sulphides, hosted within a chlorite-sericite-quartz+/-garnet+/-staurolite schist. The system appears overturned as higher grade metamorphic minerals are present in the structural hangingwall, with apparent felsic volcaniclastic lithologies occurring in the structural footwall. Additional drilling is needed to confirm the geometry of the deposit.

Drilling in the James Bay Lowlands without bedrock exposure to aid in geological interpretation of strikes and dips is very challenging. Drilling to date strongly suggests a north-south strike to the mineralized zone. Many of the north-south drill holes drilled during the program have missed the zone entirely, and the more recent east-west drilling has proven to repeatedly intersect the mineralized occurrence. It will be the objective of the next phase of drilling to systematically delineate the mineralized occurrence and complete fill-in drilling to prepare for a 43-101 compliant resource calculation.

5.01 Project

This property, of 65 hectares, is one of 113 joint venture claim blocks in the region under option by WSR, whereby WSR can earn up to a 50% interest in the properties by spending $20 million over four years. Upon completion of the earn-in option, Metalex will carry a 45.75% interest and Arctic Star a 4.25% interest.

Within the option agreement, approximately 21,400 hectares of ground is held. Numerous other high priority regional geophysical targets are currently being tested with 2 highly mobile Metalex drills.

The project is managed and operated by Metalex for the Joint Venture partners under the supervision of Dr. Charles Fipke, Chairman of Metalex with John Harvey, P.Eng, as a consulting geologist.

Metalex believes that the assay results along with new drill holes and core hosting the presence of visible copper, zinc and lead sulphides observed on site by the project's geologist are very encouraging and are of significant importance to the Joint Venture partners. Mike Kilbourne, P.Geo., and Vice-President of Exploration for WSR Resources, has reviewed the core and has provided the visual descriptions of the mineralized zones and conferred with Brian Polk, Metalex Project Manager, on the geometry of the occurrence. Notwithstanding the foregoing, visible observations are estimates only and pending assay results may not confirm visual observations in whole or in part. The widths given above are core widths only and do not represent true widths which cannot be determined at this time.

On-site Quality Assurance/Quality Control Measures

All samples reported upon herein were selected, sealed and shipped to ALS Chemex laboratory in Thunder Bay Ontario. All core samples were selected by Metalex site geologists, and were cut in half by diamond core saw. Individual samples were labeled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags that were secured by project security tags for shipping. The samples were delivered via bonded carrier to ALS Chemex's sample preparation laboratory in Thunder Bay, Ontario. All samples were then crushed and pulverized and then the sample pulps were sent to ALS Chemex Laboratory in Vancouver B.C. for analysis. The remaining coarse reject portions of the samples remain in storage at the ALS Chemex storage facility in Thunder Bay as required in the event that further work is needed. In Vancouver, the samples are analyzed using ALS Chemex assay procedure ME-MS81. When samples received over-limit values they underwent further analysis using ALS Chemex assay procedure OG62. The reader is referred to: www.alschemex.com for details of these analytical procedures.

Independent Quality Assurance and Quality Control Protocol

A comprehensive QA/QC program has been implemented to monitor all assays on the 5.01 anomaly. Samples are assembled in numbered batches of twenty samples. Included in each batch of twenty samples are one certified reference standard, one laboratory duplicate, one blank sample comprised of sterile drill core and one core duplicate sample. This QC program was set up for Metalex by Tracy Armstrong P.Geo, of T.J. Armstrong Geological Consulting Inc. Ms. Armstrong is a qualified geologist in the Provinces of Ontario and Quebec. In reviewing the results the QA/QC program detected that there was a carryover from high grade samples to the following sample. The maximum carryover was measured to be 0.14% zinc. Ms. Armstrong states that this degree of carryover is not considered to be geologically nor economically material. An improved cleaning protocol has now been implemented to ensure that this carryover does not occur in future.

Assay results have also been monitored on an on-going, real time basis for accuracy, contamination and precision by Dr. Barry Smee, P.Geo. consulting geochemist, retained by Metalex Ventures.

This press release has been prepared by Chad Ulansky, President and CEO of Metalex Ventures, being a Qualified Person under Canadian Securities guidelines.

ON BEHALF OF THE BOARD OF DIRECTORS

ARCTIC STAR DIAMOND CORP.

Patrick Power, President

This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/add.pdf

SOURCE: Arctic Star Diamond Corp.

Arctic Star Diamond Corp. Patrick Power President [phone] [phone] (FAX)

[PKowski]

Noront Resources Ltd. and WSR Gold Inc. Announce Definitive Option From Golden Valley Mines Ltd. to Acquire Up to a 35% Interest Each in the Golden Valley Property

Located in the James Bay Lowland Region of Northern Ontario

TORONTO, ONTARIO, Sep 11, 2008 (MARKET WIRE via COMTEX News Network) --
Noront Resources Ltd. (TSX VENTURE: NOT) ("Noront") and WSR Gold Inc. (TSX VENTURE: WSR) ("WSR") are pleased to announce the signing of a definitive agreement among Noront, WSR and Golden Valley Mines Ltd. ("Golden Valley") providing WSR and Noront the option to acquire, from Golden Valley, an aggregate 70% legal and beneficial interest (the "Option") in the Golden Valley property located in the James Bay Lowlands region of Northern Ontario (the "Property"). WSR will be the operator of the project. The Property is located in the northern portion of the Ring of Fire and consists of 40 unpatented mining claims, totaling 559 units or 8,944 hectares strategically located with respect to the recent volcanic hosted massive sulphide discovery of Metalex Ventures Inc. in JV with WSR.

In order for Noront to acquire its 35% interest in the Property, Noront will be required to make payments to Golden Valley totaling $175,000 (or $350,000 in the aggregate with the payments from WSR), to be satisfied by the payment by Noront of a combination of $25,000 cash and 56,174 common shares of Noront, valued at $175,000. In addition to these payments, Noront and WSR will also be required to incur aggregate exploration expenditures on the Property of at least $5,000,000 over a three year period (of which $1,000,000 must be expended in the first year).

Upon Noront and WSR earning their collective 70% interest in the Property, the three parties shall enter into a joint venture agreement. The Joint Venture Agreement will require Noront and WSR to fund all project costs up to the start of commercial production from the Property. Following the commencement of commercial production, any cash flow after payment of operating expenses and third party financing costs will be distributed to Noront and WSR until such time as the aggregate of their project costs, including interest, up to the commencement of commercial production have been repaid, following which such cash flow shall be distributed to the parties on a pro rata basis.

The transaction remains subject to the approval of the TSX Venture Exchange and execution of the definitive option agreement. Noront is a tier 2 junior resource company on the TSX Venture Exchange, trading symbol NOT, with 129,824,783 shares issued to date.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Investors are invited to visit Noront's IR Hub at http://www.agoracom.com/IR/Noront where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail] where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS:

R. Nemis, President and Chief Executive Officer

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

Contacts: Noront Resources Ltd. Richard Nemis President and Chief Executive Officer [phone] [phone] (FAX) Email: [e-mail] Website: www.norontresources.com

SOURCE: Noront Resources Ltd.

mailto:[e-mail] http://www.norontresources.com

Copyright 2008 Market Wire, All rights reserved.

[Fantomas96]

Neues Kartenmaterial und Claimübersichten im RoF in verschiedenen Formaten (Stand: 13.01.2009):


http://www.freedrive.com/file/643515,maps-01-13-2009.pdf

http://www.freedrive.com/file/643513,maps-01-13-2009.xls

http://www.freedrive.com/file/643514,claimlist-1-13-2009.xls

[Fantomas96]

SUPER Arbeit von Helium: Mc Fauld´s Underground 3D:


http://www.freedrive.com/file/686493


Alle (bekannten) Drillholes der Area in 3D dargestellt und jeder kann mit Google Sketchup selbst auf "Erkundungstour" gehen.

Einfach klasse !

Hier mal ein paar Impressionen:


























FANTOMAS

[Fantomas96]

Und hier noch nachzureichen der historisch wichtige, erste "Einstieg" eines "Majors" im Ring of Fire durch eine Beteiligung an KWG:


Mineral Exploration Company KWG Enters Into An Option Agreement With Cliffs Natural Resources Inc.


http://www.kwgresources.com/news/index.php?&content_id=174

[Fantomas96]

GoogleEarth McFauld´s Lake:

[Fantomas96]

McFauld´s Lake : Intierra Map Januar 2009
(Vergrößerung über kleines Kästchen rechts oben):


http://intierramapping.com/2009-4a.asp

[Fantomas96]

Canada : Marshall Plan for Mining

(Sollte einem Gebiet wie McFauld´s zugute kommen):


http://www.financialpost.com/opinion/columnists/story.html?i…



'Marshall Plan' for mining

Diane Francis, Financial Post

Published: Saturday, March 07, 2009

Change font size Canada's best stimulus package would be to launch a Marshall Plan for Mining by building unpaved roads and other infrastructure to open up the country's vast, unexplored and untapped mineral wealth in its interior and the north.

The world expert on Canada's geology is petrologist Wayne Goodfellow with the Geological Survey of Canada in Ottawa. He's an expert on rocks and incorporates a knowledge of chemistry, physics, mathematics, geophysics, structural geology and geochemistry. I interviewed him at last week's Prospectors and Developers Association of Canada conference in Toronto about how Canada is a mining giant but is also one of the most unexplored nations in the world.

"If I was going to hazard a guess," he said, "there are three to five times more than has ever been found or exploited ... three to five times more the current reserves as well as what we have left. It's huge. There are vast areas in this country where boots have never been on the ground."

Mining has built Canada and underpins its economy now, and Canadians don't realize, nor do their politicians, that they are sitting on an even greater treasure trove. And everything in the world is grown or mined.

The best infrastructure bets for governments to bankroll would be to link, by unpaved road and transmission lines, Canada's dozens of "stranded" orebodies --major discoveries of metals and minerals that are too remote to tap. Mr. Goodfellow said these deposits are known and building roads to them would not only open them up for production but create an exploration boom in their vicinities.

The most dramatic example is a "giant" lead-zinc deposit.

"The Howard's Pass deposit in the Yukon is probably the largest reserve for lead and zinc in the world. It is a belt that is 20 to 30 kilometres long and this area is continually mineralized," he said. "There is no access, only an airstrip, no roads, no power grid, no rail."

Infrastructure is needed to produce base and precious metals because of the huge tonnage of rock that must be transported from the mine to a mill, refinery then markets.

"The concentration of effort in Canada has been in the south where you have infrastructure," Goodfellow said.

For instance, the single greatest discovery in Canadian mining history is the nickel belt in Sudbury, the world's biggest deposit. This multibillion-dollar development would never have been found nor discovered if the Canadian Pacific Railway had been routed differently. The railway passed through the area in remote northern Ontario.

"There have been other remote mines built, such as the Polaris lead-zinc mine above the Arctic Circle, but these were viable because they were on water so transportation was available," he said. "But there is no access in Nunavut or the interior of Canada, which is virtually unexplored...."

Canada must exploit its natural competitive advantages in order to retain living standards. This nation is the second-largest piece of real estate in the world, which represents a mining, oil and agricultural advantage.

Canada will never be a manufacturing powerhouse, a Silicon Valley North, another New York financial capital or a biotech giant. As governments respond with stimulus packages to keep Canadians employed, they should also invest heavily in strategic economic development.

Mining is a high-tech industry that will never be replaced and should be harnessed for the good of the country and the world.

[e-mail] - Diane Francis blogs at financialpost.com/dianefrancis


FANTOMAS

[mike32]

Mc FAULDS LAKE
http://www.platinex.com/images/maps/mcfaulds_intierra_map_la…

[mike32]

http://agoracom.com/ir/KWG/forums/discussion/topics/351919-n…

NEWS :-)
posted on Jul 22, 09 08:33AM


MONTREAL, July 22 /CNW/ - KWG Resources Inc (TSX: KWG) has completed the purchase of a 1% net smelter royalty in the Black Thor, Black Label and Big Daddy chrome discoveries in the James Bay Lowlands for $635,000 and a further $1 million payable within one year plus 15 million common shares and 15 million common share purchase warrants, each warrant entitling the holder to purchase a common share at a price of $0.10 for a period of 5 years. KWG's principal shareholder Cliffs Natural Resources (NYSE: CLF) (Paris: CLF) supports the acquisition as it believes the deposits can be economically developed to supply both North American and some external markets. As 15 million KWG shares were issued to the vendor, Cliffs intends to subscribe for a further 3 million shares in order to maintain its equity interest.The discovery of nickel in the MacFaulds Lake area in September 2007 started KWG along a development path which KWG expects may now accelerate. Funds raised as a result of the new discovery enabled KWG and joint-venturer Spider Resources, to complete the acquisition of a combined 50% interest in a nearby property optioned from Freewest Resources. A drilling program there was undertaken to follow up the joint-venture's 2006 discovery of a high-grade chrome occurrence. This source of ferro-chrome for steel alloying is a principal ingredient in all grades of stainless steel, at a ratio of some 18% or more.

Metallurgical testing of samples recovered from the discovery in early 2008 indicated that a uniquely large and high-grade deposit of ferro-chrome-yielding chromitite had been found, which might supply steel-making markets in North America and beyond. Under the terms of the option agreement, KWG and Spider may earn a 60% interest in the property optioned from Freewest Resources by completing a feasibility study and thereafter, an additional 5% by sourcing construction financing, for which KWG approached Cliffs Natural Resources.

Cliffs Natural Resources is an international mining and natural resources company. The company is the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia and a significant producer of metallurgical coal. For almost two centuries Cliffs has been the dominant mine operator and supplier of iron ore for integrated steel production in North America and continues to be the principal operator on the Minnesota and Michigan Iron Ranges, two of the hemisphere's chief sources of iron. As such, the company has built and operated railroads, plants, terminals and loading facilities of all description.

Cliffs accepted KWG's invitation to become a principal investor in order to participate in its development initiatives. Cliffs sought and was given KWG Board representation coincident with acquiring an equity interest of slightly less than 20%, plus an ongoing option to increase or maintain that interest through further investment.

KWG has now acquired half of the royalty underlying its property and the adjoining property of Freewest after an independent economic analysis based on conceptual planning and market forecasts undertaken by Cliffs. The royalty is expected to yield a substantial monthly cash flow to KWG if production ensues. The North American market alone might absorb ore production of up to 4,000 tons per day. That quantity of material will require construction of a railroad to transport the partly treated ore to a ferro-chrome refinery ideally located near transportation to markets and to electricity supply for the electric-arc furnaces used in the process. KWG is examining a number of location alternatives as well as the available furnace technology options.

KWG has also had preliminary discussions with The Ontario Northland Railroad to examine collaboration in the construction and operation of the railroad from the deposits to Nakina, where it can connect to existing rail lines. ChromeCana Inc has been created as a wholly-owned KWG subsidiary for the purpose of development of the mines and railroad and is undertaking pre-engineering assessment of a proposed right-of-way for the railroad.

Initial indications continue to confirm the capital cost assumptions considered by Cliffs in its preliminary market sensitivity analyses, undertaken prior to the KWG investment. This analysis has been provided to the Toronto Stock Exchange for its review of KWG's application to graduate its share listing from the TSX Venture Exchange, on the basis of its interests in the deposits.

Forward Looking Information:

This press release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that KWG believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the economic development of the subject deposits, the expected cash flow to KWG associated with the purchase of the royalty interest if ore production ensues, the supply of ore production to North American markets and/or other markets and the construction of the requisite railroad to transport ore to refineries) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of KWG based on information currently available to KWG. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of KWG to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on KWG.

Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: the failure to economically develop the subject deposits; delays associated in the development of the subject deposits; the failure to enter into the requisite agreements for the development and operation of the subject deposits on favourable terms or at all; the inability to market ore production, if achieved, to North American markets and/or other markets; volatility of and sensitivity to market prices for chromitite; changes in anticipated demand for chromitite by the steel-making industry; environmental risks; the grade, quality and recovery of ferro-chrome yielding chromitite varying from expectations; the lack of funding for the development of the subject deposits and the requisite railroad; changes in equity and debt markets; the failure to develop and construct the requisite railroad for the transportation of ore to be refined in a timely manner or at all; insufficient or sub-optimal transportation capacity; the failure to complete a feasibility study; or other factors (including development and operating risks)

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, KWG disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although KWG believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guaranteed of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.



Neither TSX Venture Exchange nor its Regulation Services Provider (as

[supernova1712]

Antwort auf Beitrag Nr.: 37.625.949 von mike32 am 22.07.09 20:07:38

Net Smelter Royalty = Nettoschmelzbeteiligungszahlungen

Kann jemand kurz mit einem Beispiel erklären, was das ist und wie KWG profitiert?

Danke im Voraus!

Freundliche Grüße
supernova

[mike32]

Antwort auf Beitrag Nr.: 37.630.217 von supernova1712 am 23.07.09 11:59:15

wenn Dir das , an Hand eines Beispiel's was sagt :

http://www.stock-world.de/nachrichten/_article_print?news_id…

ansonsten , Fantomas wird es bestimmt wissen , aber man versucht Ihn ja auch ein wenig zu entlasten .

[supernova1712]

Antwort auf Beitrag Nr.: 37.631.873 von mike32 am 23.07.09 14:59:50

Aus dem Link:
Nettoschmelzbeteiligungszahlungen (Net Smelter Royalty) verrechnet werden, die bei Beginn der kommerziellen Produktion aus den Claims anfallen.

Soll dann analog wohl heißen:
Eine Menge Kohle für KWG, aber erst in ferner Zukunft. Immerhin scheinen KWG ja überzeugt zu sein, dass letzlich ein Abbau auch stattfinden wird.

Sorry! Bin derzeit zu Hause einige Tage nicht am Netz und habe daher kaum Zeit für eigene Recherche.

Freundliche Grüße
supernova

[Fantomas96]

Antwort auf Beitrag Nr.: 37.632.863 von supernova1712 am 23.07.09 16:22:36

Net smelter royalty = Nettoschmelzbeteiligung (super Übersetzung)

Netto-Verkaufsgebühr trifft es wohl besser !

Generell gibt es im Minenbusiness zwei Arten von Royalties:

1. Mining Royalty

Hier wird einem Unternehmen ein Anteil an den Produktionserlösen einer Mine eingeräumt.
Allerdings werden hier sämtliche Kosten, wie zum Beispiel Explorationskosten, Baukosten der Mine,Infrastrukturkosten, Finanzierungskosten, Abbaukosten etc. abgezogen.
Eine Mine kann hier theoretisch jahrelang produzieren, dem Inhaber der Royalty aber nicht einen einzigen Cent bringen.

2. Net smelter Royalty (NSR)

Hier wird dem Inhaber der Royalty ebenfalls ein Anteil an den Produktionserlösen eingeräumt.
Allerdings werden NUR die Abbaukosten abgezogen, die anderen Kosten (Exploration, Bau, Finanzierung etc.) bleiben unberücksichtigt.
So bringt die NSR i.d.R. dem Inhaber schneller Einnahmen, da weniger abgezogen wird bei der Berechnung des "Gewinns".

Bei beiden Royalties kann es auch eine Kappungsgrenze der abziehbaren Kosten geben.


Beispiel:

Die Explorations-, Bau-, Infrastruktur- und Finanzierungskosten (= "Anlaufkosten") betragen € 500 Mio.
Der Verkauf des Erzes bringt € 200 Mio. / Jahr.
Die Förderkosten betragen € 100 Mio. / Jahr.
Jährlicher Nettoerlös: € 100 Mio.

1. Bei einer General Royalty von 10% bekommt der Inhaber der Royalty:

Jahr 1-5: € 0 (da die € 500 Mio. "Anlaufkosten" 5 Jahre durch die jährlichen Nettoerlöse von € 100 Mio. "getilgt" werden)

In den Folgejahren: € 10 Mio. / Jahr (10% von € 100 Mio. Nettoerlös)

2. Bei der NSR von 3% bekommt der Inhaber der Royalty:

ab dem 1 Jahr: € 3 Mio. / jährlich


Bei einer Minenlaufzeit von 20 Jahren erhält:

1. Der General Royalty Inhaber: € 150 Mio. (= 15x € 10 Mio.)
2. Der NSR Inhaber: € 60 Mio. (= 20x € 3 Mio.)


FANTOMAS

[mike32]

http://agoracom.com/ir/Noront/forums/discussion/topics/35286…

Probe News
posted on Jul 27, 09 08:17AM


Probe Mines Provides Update on McFaulds Lake Drilling, Massive Chromite Horizon Identified
TORONTO, ONTARIO, Jul 27, 2009 (MARKETWIRE via COMTEX) --
The Directors of PROBE MINES LIMITED (TSX VENTURE: PRB) ("Probe") are pleased to provide Shareholders with visual results from the continuing summer drilling program on its McFauld"s Lake properties in the James Bay Lowlands of Northern Ontario. The first phase of drilling consisted of nine holes for a total of 2,249m on claim 4208219, which forms part of the Probe Mines - Noront Resources (TSX VENTURE: NOT) Joint Venture ground. A thick package of peridotite, comprised of olivine-bearing ultramafic rocks, containing a significant horizon of predominantly massive chromite with subordinate semi-massive and disseminated chromite sections has been identified. The chromite horizon has been intersected in four drill holes, representing a strike length of 100m, to a vertical depth of 186m, and is open in all directions. The thicknesses of the intersections range between 29.1m and 56.6m (approximately 25m to 47m true thickness). Sampling of the core has been completed and the samples are currently with Activation Labs in Thunder Bay where they will be analysed for associated elements. Results are expected in August and will be released as soon as they are available. The results presented here are visual, and can be considered estimates only. Geochemical analysis will be required to properly characterize the mineralization encountered in drill holes and may not confirm visual estimates.
Claim 4208219 lies directly between Freewest Resources" Black Thor chromite zone and the Big Daddy chromite horizon of the KWG Resources-Spider Resources-Freewest Resources joint venture, and this new discovery is interpreted to be the extension of these zones. Mineralization intersected in the four holes is similar to that described for the neighbouring bodies, being comprised of thick sections of massive chromite intermixed with lesser amounts of disseminated chromite mineralization. As the operator of the Probe Mines-Noront Resources Joint Venture, Probe is currently evaluating results and will provide recommendations for further work to the joint venture Technical Committee. The nature and scope of the second phase of the summer drilling program will be announced after the Technical Committee has made its decision.
Dr. David Palmer, President of Probe, states that, "Visual results from the core to date are very encouraging. The McFauld"s Lake area has the potential to host World-class chromite deposits and we are extremely pleased to have identified the chromite horizon on our joint venture ground. Our focus will now be on delineating the chromite zone in order to better evaluate its potential."
Probe has instituted a strict quality control program for all analytical work carried out on this program, which includes the use of reference standards, blanks and duplicate sampling. Quality control guidelines have been set out by Independent Qualified Person ("IQP") Ms. Tracy Armstrong, P.Geo., of P & E Mining Consultants Inc.
McFauld"s Lake
The McFauld"s area continues to receive considerable attention with recent reports of high-grade chromite and PGE mineralization from Noront and Freewest Resources, in addition to continuing intersections of high-grade nickel and copper at Noront"s Eagle One, Eagle Two and AT-12 discoveries. A preliminary economic assessment of the Eagle One Ni-Cu deposit reported an estimated resource (indicated) of 1,834,000 tonnes averaging 1.96% Ni, 1.18% Cu and 5.1g/t combined platinum, palladium and gold.
The discovery of chromite at McFauld"s has added significantly to the area"s value. The first massive chromite horizon was identified by Spider Resources in January 2006 while exploring for VMS mineralization. Noront Resources identified further chromite mineralization on its Black Bird 1 and 2 showings, while Freewest Resources returned significant intersections of massive chromite in its Black Thor and Black Label deposits to the northeast of Probe"s discovery. Highlights from the Freewest drilling include a 124m intersection grading 30% Cr2O3. The chromite occurrences are all located along a laterally extensive magnetic high that can be traced for approximately 20km in a northeast direction, along which many of the Probe-Noront joint venture claims occur.
About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $4.2M in treasury and a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld"s Lake area where it owns 931 claims covering almost 15,000 hectares, including joint venture properties with Noront Resources covering 87 of these claims. Probe currently has an option-joint venture agreement with West Timmins Mining on its Bristol Township gold project adjacent to the million-plus ounce gold deposit owned by Lake Shore Gold Corp. Recent exploration results from Lakeshore include an 83.4m intersection grading 12.75 g/t gold less than one kilometre from Probe"s claims. Probe also maintains a 5% net smelter royalty on a portion of Agnico Eagle"s Goldex Mine near Val d"Or, Quebec, which began production in 2008. The Company has only 33,516,472 shares issued and outstanding, which trade on the TSX Venture Exchange under the symbol PRB.
David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com.
Forward-Looking Statements
This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe"s expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.
Shares Issued: 33,516,472
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contacts:
Probe Mines Limited
David Palmer
President
[phone]

Probe Mines Limited
Karen Willoughby
Investor Relations
[phone]

[extremrelaxer]

Press Release
Apr. 30, 2009
Download this document: notpr-2009.04.30.pdf (pdf, 61315) Noront Reports Discovery Of Vanadium Mineralization In The McFauld's Lake Area
Toronto, Ontario, April 30, 2009 Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) is pleased to announce the discovery of a new mineralized zone containing significant concentrations of vanadium, titanium, and iron on its wholly owned Double Eagle Project in the James Bay Lowlands of northern Ontario. The new occurrence called the “Thunderbird Anomaly” constitutes a new type of mineralization in the Ring of Fire. Assay results for a single drill hole completed during January are reported here. Assay results from four other holes drilled in March and April 2009 are still pending, as well as additional assays still pending from the first hole.

Highlights
•Noront has intersected two zones of disseminated to semi-massive V-enriched magnetite over a width totalling 277.64 metres in hole NOT-09-2G21, mineralization continues downhole, additional assays are pending
•The A zone returned grades of 0.36% V2O5, 2.77 TiO2 and 24.72% Fe3O4 over 178 metres from 132.55 to 310.58 metres in hole NOT-09-2G21, including 45.88 metres averaging 0.51% V2O5 , 3.71% TiO2 and 31.71% Fe3O4
•The B zone returned grades of 0.36% V2O5, 2.66% TiO2 and 23.58% Fe3O4 over 99.64 metres from 397.20 to 496.84 metres in hole NOT-09-2G21, including 35.29 metres averaging 0.51% V2O5, 3.56% TiO2 and 30.38% Fe3O4
•Similar mineralization was intersected over similar widths in two holes, one 300 metres north and the other 600 metres south of hole NOT-09-2G21; assays are pending
•A preliminary metallurgical study is planned to examine possible means to extract iron, vanadium, and titanium from the mineralization
About Vanadium (V2O5):
Vanadium is used in specialty steels to add hardness and corrosion resistance for parts like tools, bearings and springs. It has widespread application in the aerospace industry as an alloying agent with aluminum and titanium for the construction of strong and lightweight materials. The oxide also sees important uses as a catalyst in chemical processing. A common approach to the extraction of vanadium from magnetite ores involves magnetic separation to produce a pure V-rich magnetite concentrate and a separate ilmenite concentrate. For this reason it is important to have mineralization with cleanly separable ilmenite and magnetite. Ilmenite concentrate can be treated or sold separately. The magnetite is smelted to produce pig iron and and a V-rich slag from which vanadium can be chemically recovered to produce flakes of V2O5 (i.e., vanadium pentoxide). The vanadium pentoxide itself can be smelted with scrap iron to produce ferrovanadium alloy, typically containing 75 to 80% V. Recent and current spot prices for flake V2O5 are in the range from USD $4.50 to $5.50/lb. The 80% vanadium ferroalloy currently sells for about USD $22 to $25/kg China FOB, down from peak prices last year in the $75 range.

Joseph Hamilton and Paul Parisotto, Co-CEO’s of Noront Resources, state that “The new vanadium discovery marks the beginning of an important new chapter in the development of Noront’s Ring of Fire multi metals high-grade discovery group. With this addition to our portfolio of deposits and occurrences, mineralization representative of each of the ingredients for the production of stainless steel (Fe, Ni, Cr, and V) is now known to be present in Noront's claims within and around the Ring of Fire. We look forward to further testing the economic potential of these deposits and occurrences.”

Details of the geology of the occurence:
During the winter of 2009 Noront has completed a program of 2,227 metres of drilling on a group of geophysical anomalies in the Grid 2 area of its Double Eagle property. The original Grid 2 was extended to the northeast to the limits of Noront's properties and designated Grid 2 extension. Ground magnetometer and gravity surveys were completed during the fall and winter months to supplement existing airborne electromagnetic and magnetometer surveys (VTEM survey by Geotech). At that time, two types of geophysical anomaly were identified.

•One type, interpreted as magnetite, was characterized by combined very strong total magnetic field combined with high residual Bouguer gravity anomaly. This anomaly type also shows distinct negative B-field anomalies in the intermediate time gates of the VTEM survey which are attributed to the presence of abundant polarizable minerals, probably magnetite.
•The other anomaly type was characterized by weak but high-conductance EM responses in the VTEM survey coupled with moderate to high magnetic field (interpreted as magnetite+pyrrhotite).
The map-scale form of the anomalies, coupled with subsequent observations in drill core, suggest that the Grid 2 extension area is underlain by an isoclinally folded sill-sediment complex comprising silicate iron formation and related siliciclastic sediments and mafic tuffs, intruded by numerous ferrogabbro sills. The ferrogabbro sills are interpreted as the mafic complement to the large ultramafic Double Eagle complex that hosts Noront's Eagle One, Eagle Two, and Blackbird deposits. The concentric pattern of magnetic highs and lows indicates that the sill-sediment complex has been folded into a doubly-plunging synform. At the centre of the fold pattern there is a mass of strongly magnetic rock that produces a distinct linear peak 1.6 km long and about 400 metres wide in the total magnetic field. There is a pronounced positive Bouguer gravity anomaly several kilometres in diameter that is also centred exactly on the central magnetic anomaly, which is designated as the Thunderbird anomaly.

The ferrogabbro intrusions are situated on claims wholly owned by Noront, about 4.0 km east of Noront's AT12 anomaly, a Ni-Cu-PGE occurence previously discovered by Noront in ultramafic rocks in 2008.

Three holes were drilled eastwards on 90º azimuths to test the Thunderbird anomaly. Hole NOT-09-2G21 was drilled through the centre of the magnetic and gravity anomaly at an inclination of -50º, intersecting a total of 277.64 metres of disseminated to semi-massive magnetite mineralization in two distinct zones, the A zone between 132.55 and 310.58 metres and the B zone between 397.2 and 496.84 metres. Available assay results for Hole NOT-09-1G21 are shown in Table 1, additional results from this hole are pending and will provided once available. Hole NOT-09-2G24 was drilled parallel to the first, some 300 metres to the north along the trend, again intersecting two zones rich in magnetite from 90 to 215 metres and from approximately 325 to 425 metres. Hole NOT-09-2G25 was drilled parallel to hole NOT-09-2G21, 600 metres further south along the magnetic anomaly trend. This third hole intersected a single broad zone of disseminated to semi-massive magnetite from 100 to 315 metres. Assays for the samples from the two latter holes are expected soon from the lab.

Two holes, NOT-09-2G22 and -2G23 were drilled to test the coincident magnetic/EM anomalies in the Grid 2 extension area approximately 2400 m south of drill hole NOT-09-2G21. Neither intersected significant widths of sulfide mineralization, however both contained intervals of ferrogabbro with considerable amounts of disseminated magnetite and ilmenite resembling the thicker zones in hole NOT-09-2G21. Assays from these magnetite zones are pending.

The presence of sustained high V2O5 grades over the observed mineralized widths is extraordinary. Preliminary petrographic work shows that the deposit has undergone pervasive greenschist facies metamorphism, which has allowed the oxide minerals to re-equilibrate at sub-solidus temperatures to distinct equant grains of ilmenite and magnetite typically about 0.1 mm in size. The proportion of total ilmenite that is present as fine exsolution lamellae in magnetite is low, suggesting that separation of magnetite from ilmenite may be feasible using conventional magnetic separation technology and thereby facilitating the production of separate ilmenite and V-magnetite concentrates. These observations and inferences will be tested over the coming weeks by preliminary metallurgical tests at SGS Mineral Services (Lakefield, ON) using Davis Tube magnetic separation.

Hole From (m) To (m) Interval (m) V2O5 (%) TiO2 (%) Fe3O4 (%)

NOT-09-1G21 (A zone) 132.55 310.58 178.03 0.36 2.77 24.72
including 230.50 276.38 45.88 0.51 3.71 31.71
and 289.00 296.47 7.47 0.64 4.08 36.71
Then (B Zone) 397.20 496.84 99.64 0.36 2.66 23.58
including 397.20 404.67 7.47 0.58 3.77 33.42
and 427.81 463.10 35.29 0.51 3.56 30.38
and 481.00 496.84 15.84 0.42 7.23 26.58



Notes: Drill intercepts are not true width intercepts; all measurements are in metres. Fe is reported as Fe3O4 to serve as an approximate estimate of the modal abundance of magnetite in the whole rock. Actual magnetite modes are somewhat lower because some Fe is also contained in ilmenite and silicate minerals. To calculate Fe as Fe3O4, one multiplies the concentration stated as Fe2O3 by a factor of 0.9666.
Please follow the link to Noront’s website for locations of the aforementioned holes. http://norontresources.com/find/id/9

The three holes drilled in the Thunderbird magnetic and gravity anomaly span a strike length of 900 metres. If the remaining assays and preliminary metallurgical results are favorable then Noront plans to drill more holes along this trend to test for continuity between the current intersections and up towards surface, and to extend to the limits of this 1.6 km linear magnetic trend. Numerous other linear highly magnetic anomalies with characteristic polarizability anomalies exist within the Grid 2 extension area and all are considered targets for exploration for further V-magnetite mineralization. These other targets collectively represent a further 3 km of prospective strike length within the ferrogabbro sill complex.

Quality Assurance and Quality Control:
All holes drilled are systematically logged and then sampled. Samples are shipped regularly to Actlabs in Thunder Bay, Ontario for sample preparation and initial analysis (TD-ICP) following strict chain of custody procedures. Whole rock assay including V2O5, TiO2, and Fe2O3 is performed at Actlabs by fusion X-ray fluorescence analysis (fusion XRF). For fusion XRF assays the samples are melted with borate fluxes and quenched to a glass bead, which is then irradiated with X-rays. The secondary X-ray emissions are counted and used, with reference to several calibrants, to determine the whole rock composition including the analytes and all other major oxide components of the rock. For more information on Actlabs analytical procedures please visit the Actlabs website at: http://www.actlabs.com. Under Noront's QA/QC program each batch of 35 samples includes one blank, two internationally certified reference materials (ICRM; henceforth referred to as standards), one quarter-sawn field duplicate, a coarse reject duplicate, and a pulp duplicate. The pass/fail criteria for the new V standard are are the same as for the Cr, Cu, Ni, Au, Pd and Pt standards previously reported. In particular, if measured concentrations in standards differ from accepted values by more than two standard deviations of the method as determined by numerous XRF repeats on the standards at Actlabs, the entire batch fails and is re-analysed. Duplicates and standards will be monitored to detect and correct, if necessary, any drift bias or changes in precision that might appear through time. All QA/QC procedures and checks are carried out by Tracy Armstrong, PGeo, of P&E Mining Consultants Inc, who acts as the Qualified Person for Noront on matters pertaining to assays.

This press release has been reviewed and approved for dissemination by Noront’s senior management including Chief Geologist Jim Mungall Ph.D., P.Geo.,. Exploration Manager Jim Atkinson M.Sc., P.Geo., and Chief Operating Officer John Harvey P.Eng., all being Qualified Persons under Canadian Securities guidelines.

For further information please contact the Investor Relations Department at [phone], or visit Noront’s website at: http://www.norontresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS:

”Paul A. Parisotto and Joe Hamilton”
Co-Chief Executive Officers

Forward Looking Statements
This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company’s businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate”, or “belief”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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





Associated Documents


Thunderbird Plan Map
Download File: Thunderbird_PlanMap.pdf (pdf, 1.4 MB)

HomeCorporateInvestorsNewsProjectsContactForward Looking Statements© 2009 - Noront Resources Inc.

All rights reserved.

[extremrelaxer]

Sorry:

Press Release
Jul. 29, 2009
Download this document: notpr-2009.07.29.pdf (pdf, 741686) NORONT RESOURCES REPORTS THUNDERBIRD VANADIUM ASSAY RESULTS
Toronto, Ontario, July 29, 2009. Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) is pleased to announce results from two additional drill holes at the newly discovered Thunderbird vanadium occurrence where significant concentrations of vanadium, titanium, and iron were reported in Noront’s April 30, 2009 Press Release http://www.norontresources.com/News/Release/143" target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/News/Release/143." target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/News/Release/143" target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/News/Release/143. The Thunderbird anomaly is located in the McFaulds Lake area of the James Bay lowlands within the Ring of Fire mineral district.

HIGHLIGHTS

•Drilling extends vanadium and titanium mineralization over a 900 metre strike length;
•Drilling confirms significant width component;
•Hole 2G24 intersected 164.9 metres of 0.36% V2O5 including 45.9 meters 0.51% V2O5 and 113.7 metres of 0.33% V2O5 including 20.9m of 0.47% V2O5;
•Hole 2G25 intersected 241.4 metres of 0.37% V2O5 which included 59.8 metres averaging 0.54% V2O5;

Mr. Wes Hanson President and CEO of Noront, states that “The extensive vanadium mineralization at Thunderbird is further evidence of the robust potential of the Ring of Fire. Thunderbird is the third intriguing target discovered on our claims in the Ring of Fire. Recent developments at the Eagle One and the pending resource estimate for the Blackbird chromite deposits will continue to be our primary focus for the foreseeable future.”

Geology of the Occurrence:
The Thunderbird anomaly was identified by ground magnetometer and gravity surveys completed during the fall and winter 0f 2009. This data, combined with existing airborne electromagnetic and magnetometer surveys (VTEM), identified the Thunderbird anomaly which was targeted for follow up drilling.

Three holes were completed on the Thunderbird anomaly. Hole NOT-09-2G21, reported April 30, 2009 http://www.norontresources.com/News/Release/143" target="_blank" rel="nofollow ugc noopener">http://www.norontresources.com/News/Release/143 was drilled through the centre of the interpreted anomaly at an inclination of -50º and intersected two distinct zones of mineralization.

The following table presents the results for hole NOT09-2G24, collared 300 metres to the north of hole 2G21 and NOT09-2G25, collared 600 metres to the south. Both holes were drilled using the same collar orientation and dip as hole NOT09-2G21.

Select assay results for Holes NOT-09-2G24 and NOT-09-2G25 are shown in Table 1.

Hole From (m) To (m) Interval (m) V2O3 (%) TiO2 (%) FE3O4 (%)
NOT-09-2G24(A zone) 64.73 229.59 164.86 0.36 2.79 24.63
including 111.15 133.18 22.03 0.47 3.89 30.54
and 170.0 215.0 45.87 0.51 3.59 30.85
Then (B Zone) 319.91 433.56 113.65 0.33 2.65 23.2
including 331.00 351.90 20.90 0.47 3.34 28.51

NOT-09-2G25 (Single Zone) 75.8 317.21 241.41 0.37 3.07 25.85
Including 119.95 145.48 25.33 0.44 3.39 28.52
and 183.78 243.54 59.76 0.54 4.4 33.46



Notes: Drill intercepts are not true width intercepts; all measurements are in metres. Fe is reported as Fe3O4 to serve as an approximate estimate of the modal abundance of magnetite in the whole rock. Actual magnetite modes are somewhat lower because some Fe is also contained in ilmenite and silicate minerals. To calculate Fe as Fe3O4, one multiplies the concentration stated as Fe2O3 by a factor of 0.9666.

Please follow the link to Noront’s website for locations of the Thunderbird holes. http://norontresources.com/find/id/14/7b

The three holes drilled in the Thunderbird magnetic and gravity anomaly suggest a mineralized strike length of over 900 metres and overall widths between 165 and 242 metres. The assay results suggest that the vanadium mineralization in this zone may be economically significant. The results to date suggest that there is every reason to believe that similar mineralization extends to the limits of this 1.6 km linear magnetic trend. Numerous other linear highly magnetic anomalies exist within Noront’s claims in the Thunderbird area.

Quality Assurance and Quality Control:
All holes drilled are systematically logged and then sampled. Samples are shipped regularly to Actlabs in Thunder Bay, Ontario for sample preparation and initial analysis (TD-ICP) following strict chain of custody procedures. Whole rock assay including V2O5, TiO2, and Fe2O3 is performed at Actlabs by fusion X-ray fluorescence analysis (fusion XRF). For fusion XRF assays the samples are melted with borate fluxes and quenched to a glass bead, which is then irradiated with X-rays. The secondary X-ray emissions are counted and used, with reference to several calibrants, to determine the whole rock composition including the analytes and all other major oxide components of the rock. For more information on Actlabs analytical procedures please visit the Actlabs website at: http://www.actlabs.com. Under Noront's QA/QC program each batch of 35 samples includes one blank, two internationally certified reference materials (ICRM; henceforth referred to as standards), one quarter-sawn field duplicate, a coarse reject duplicate, and a pulp duplicate. The pass/fail criteria for the new V standard are the same as for the Cr, Cu, Ni, Au, Pd and Pt standards previously reported. In particular, if measured concentrations in standards differ from accepted values by more than two standard deviations of the method as determined by numerous XRF repeats on the standards at Actlabs, the entire batch fails and is re-analysed. Duplicates and standards will be monitored to detect and correct, if necessary, any drift bias or changes in precision that might appear through time. All QA/QC procedures and checks are carried out by Tracy Armstrong, PGeo, of P&E Mining Consultants Inc, who acts as the Qualified Person for Noront on matters pertaining to assays.

This press release has been reviewed and approved for dissemination by Noront’s senior management including Director of Exploration Jim Atkinson M.Sc., P.Geo., and Chief Operating Officer John Harvey P.Eng., all being Qualified Persons under Canadian Securities guidelines.




About Noront:
Noront Resources is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite and vanadium discoveries in an area known as the "Ring of Fire”, an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive drill plan for 2009.

For further information please contact Joanne Jobin, Vice President Corporate Communications at [phone] ext 126, or visit Noront’s website at: http://www.norontresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS:
“Wesley (Wes) C. Hanson
President & Chief Executive Officer”

FORWARD LOOKING STATEMENTS
This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company’s businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate”, or “belief”, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


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





Associated Documents


Plan Map - Thunderbird
Download File: PlanMap-Thunderbird-July29.pdf (pdf, 1.4 MB)

HomeCorporateInvestorsNewsProjectsContactForward Looking Statements© 2009 - Noront Resources Inc.

All rights reserved.

[stevie0902]

frage in die experten-runde, wann meint ihr kommen die nachbarn von Noront ind die gänge, noront läuft ja zur zeit mehr als gut, vorallem hätte ich nie mit so einem rasanten anstieg grerechnet, aber das ist ja das schöne, es kommem manchmal auch schöne momente unerhofft

[Fantomas96]

Antwort auf Beitrag Nr.: 37.691.852 von stevie0902 am 01.08.09 09:57:56

@ stevie

Zu RoF-Area Plays:

Grundsätzlich wird es einen Schub für viele / alle bei Hammernews von Noront geben (vielleicht aber nicht sehr langfristig haltbar).

In diesem Jahr sehe ich nur für "aktive Driller" entlang der RoF-Intrusion nachhaltige Kursbewegungen bei positiven Funden, als da wären (abgesehen von NOT natürlich):

1. FWR
2. PRB
3. SPQ
4. KWG
5. UC
6. WPR/MTX


FANTOMAS

[mike32]

http://agoracom.com/ir/Noront/forums/discussion/topics/35486…


UC Resources News
posted on Aug 04, 09 09:17AM
UC Resources Ltd.



TSX VENTURE: UC


Aug 04, 2009 09:13 ET
UC Resources has Commenced Drilling at McFaulds Lake
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2009) - UC Resources Ltd. ("UC" or "the Company") (TSX VENTURE:UC) is pleased to provide the following update.
Under contract by UC Resources Ltd., Billiken Management has begun to drill their McFaulds Lake project in the James Bay Lowlands area of Ontario where UC Resources has the right to earn up to 55% of the McFaulds East and West blocks currently held by Spider Resources Inc. (Spider) and KWG Resources Inc. (KWG) which encompasses some 31,000 hectares. As a result of recent extensive geophysics data collection and analysis the company will begin a three-hole drill program to test three anomalies.

Based on historic drilling, two of the anomalies are suspected to be copper/zinc/silver VMS targets situated near the previous McFaulds #6 discovery where the Spider/KWG joint venture has historic 2004 assay results from hole MCF-04-50 of 2.89% copper and 5.28 g/t Silver over 1.65 metres, hole MCF-04-51 of 1.16 g/t Silver and .62 % copper over 1.53 metres, and hole MCF-04-38 which encountered 1.82% copper and 4.3 g/t silver over 3.3 metres plus hole MCF-04-39 which encountered 3.63% copper, .34 g/t gold and 7.1 g/t silver over 1.3 metres. Following the recommendation of James Franklin Ph.D., P.Geo, additional geophysics has been conducted over this area which resulted in the belief that these previous drill targets were drilled to the north west of the main target. Scott Hogg and Associates have recommended two collar locations for these targets which are within one kilometre of the Billiken McFaulds Lake camp.

The third anomaly to be drilled is located on the McFaulds West block some 15 kilometers west of McFaulds #5 and #6 occurrences and approximately 12 kilometres southwest of Noront Resources Ltd. Eagle One discovery. This anomaly hosts a coincident Mag and EM signature situated within a Bull's-eye structure. ZTEM results from this anomaly infer a shallow steeply dipping sheet of conductivity that is continuous over the 2.2 kilometre survey as well as a larger mass of lower conductivity also continuous over the 2.2 kilometer survey area at a depth of 550 meters. The shallow target will be drilled on this round of drilling.

UC Resources continues to evaluate solutions and options for the re-commissioning process of the La Yesca mill located west of Guadalajara, Mexico. The company is committed to this project and considers it a key strategic growth opportunity.

UC Resources also wishes to announce that Brian Gusko has resigned as CFO of the company to pursue other endeavors; Nicole Wood CGA, Honours Commerce has been promoted to acting CFO. UC Resources would like to thank Mr. Gusko for his term of service.

UC Resources is an active explorer of base metals and chromite in the McFaulds Lake area ("Ring of Fire") of the James Bay Lowlands, Ontario, plus an explorer and a near term producer of precious metals in Mexico.

On behalf of the Board of Directors,

Jim Voisin, President & CEO

UC Resources Ltd.

[Fantomas96]

Die notwendige Infrastruktur für den RoF rückt mit schnellen Schritten näher.

KWG mit Cliffs planen eine Eisenbahnstrecke in das McFauld´s Gebiet.

Der Ring of Fire wird also nicht als nächstes Minencamp gesehen ?

Ich hoffe, der Markt wird bald mal aufwachen und diese unglaublich positive Entwicklung (Infrastruktur und Drill-Ergebnisse) zur Kenntnis nehmen und das Riesen-Potenzial einpreisen.


Hier die heutige KWG News zur Eisenbahnverbindung in den RoF:


KWG mit Cliffs planen eine Eisenbahnstrecke in das McFauld´s…


KWG unit engages railroad engineering firm


MONTREAL, Sept. 24 /CNW/ - KWG Resources Inc (TSXV: KWG) subsidiary Canada Chrome Corporation has engaged Krech Ojard & Associates, P.A. of Duluth, Minnesota to provide engineering services for the construction of a new 350km (210 mi) railroad link to the Ring of Fire. Krech Ojard is a railroad engineering and construction firm that has completed a number of projects with KWG's principal shareholder Cliffs Natural Resources (NYSE: CLF - News; Paris: CLF - News). Krech Ojard has identified and field refined a proposed route and is undertaking additional surveys to determine the final alignment. A feasibility study will then be completed prior to moving into the next phases of the project.

About Cliffs Natural Resources Inc:

Cliffs Natural Resources (NYSE: CLF - News; Paris: CLF - News) is an international mining and natural resources company. It is the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia and a significant producer of metallurgical coal. With core values of environmental and capital stewardship, Cliffs' colleagues across the globe endeavour to provide all stakeholders operating and financial transparency as embodied in the Global Reporting Initiative (GRI) framework. The Company is organized through three geographic business units:

The North American business unit is comprised of six iron ore mines owned or managed in Michigan, Minnesota and Eastern Canada, and two coking coal mining complexes located in West Virginia and Alabama. The Asia Pacific business unit is comprised of two iron ore mining complexes in Western Australia and a 45% economic interest in a coking and thermal coal mine in Queensland, Australia. The South American business unit includes a 30% interest in the Amapa Project, an iron ore project in the state of Amapa in Brazil. Over recent years, Cliffs has been executing a strategy designed to achieve scale in the mining industry and focused on serving the world's largest and fastest growing steel markets.

About KWG Resources Inc:

KWG Resources is a mineral exploration company with extensive claim holdings in the James Bay Lowlands of Northern Ontario, Canada, where important discoveries of nickel and chrome have been made recently in the Ring of Fire. KWG has an equal joint venture interest in a large claim block in the central part of the discovery area, with Spider Resources Inc. The joint venture is developing the Big Daddy chromite deposit adjacent to the Black Thor and Black Label chromite discoveries of Freewest Resources. KWG holds a 1% net smelter royalty in all three deposits and has created Canada Chrome Corporation to pursue the development of them.

Forward Looking Information:

This press release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that KWG believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the possible construction of a railroad link to the Ring of Fire) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of KWG based on information currently available to KWG. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of KWG to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on KWG. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to any of the pre-construction phase studies concluding that the construction of a railroad is not economically feasible; failure to obtain satisfactory construction financing on acceptable terms; failure to obtain necessary permits or approvals; etc.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, KWG disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although KWG believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.


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 news release.

For further information

Bruce Hodgman, Communications Director, Direct: [phone], [e-mail]
Michel Côté, Director, [phone]
Or visit our website: www.kwgresources.com



FANTOMAS

[Fantomas96]

Ein weiterer historischer Schritt in der Geschichte des Ring of Fire:

1. Cliffs Einstieg bei KWG und Freewest
2. Planung von Infrastruktur durch Eisenbahnlinie zu RoF
3. Heute: möglicher Merger von Noront und Freewest:

http://finance.yahoo.com/news/Noront-Resources-announces-cnw…

Noront Resources announces take-over bid for Freewest Resources


Die nächsten Wochen und Monate werden sehr spannend im RoF, das ist erst der Anfang !

Haltet Eure Aktien von den Hauptakteuren fest !

FANTOMAS

[Fantomas96]

News von der International Chromium Development Association (ICDA):

http://www.icdachromium.com/industry_news.php?date=2009-10-0…


Cliffs plans move into chrome in Canada

An affiliate of Cliffs Natural Resources (CNR), Canada Chrome Corp, has engaged a company to build a railway in northern Ontario, Canada, linking chromium deposits in the James Bay lowlands area with Lake Superior. CNR has been looking to diversify its business and it believes that it has a promising chromium ore deposit. No time schedule for the project has been given.

SBB Daily Briefing, Stainless Edition, 28 September 2009.



"The next Canadian Mining Camp" rückt immer mehr in den Fokus der Anleger und der mögliche NOT/FWR Merger tut sein Übriges.

FANTOMAS

[mike32]

http://agoracom.com/ir/freewest/forums/discussion/topics/371…


Freewest Resources Canada Inc., Spider Resources Inc. & KWG Resources Inc.,,,,
posted on Oct 14, 09 06:11PM

Freewest Resources Canada Inc., Spider Resources Inc. & KWG Resources Inc. Provide Exploration Update on the Big Daddy Chromite Prospect

Hole FW-09-29 intersects 74.9 metres of massive chromite mineralization.

- Metallurgical tests conclude that greater than 40% Cr2O3 can be considered direct shipping ore with 1.9 Cr:Fe ratio

MONTREAL, QUEBEC-(Oct. 14, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) ("Freewest"), Spider Resources Inc. (TSX VENTURE:SPQ) ("Spider") & KWG Resources Inc. (TSX VENTURE:KWG) ("KWG") are pleased to provide an exploration update on the Big Daddy Chromite property. Eight drill holes, 2,073 metres, have been completed, and have tested the Big Daddy Chromite prospect (a magmatic chromium deposit type) along its geophysically inferred strike length to Line 20 East, and to a vertical depth of approximately 180 metres. The total amount of drilling in this campaign is estimated to be 11,000 metres in 28 drill holes. The drill program is deigned to test the entire geophysically inferred strike length on the property to a depth of +/- 250 metres.

Freewest currently holds a 50% interest in the Big Daddy chromite property, while joint-venture partners Spider and KWG retain equal 25% interests each, respectively.

Drill Program:

Drilling has progressed significantly since the last report of October 1, 2009, where holes FW-09-24 and 25 were reported on section 1400 metres east. Drill spacing for this first pass of drilling was established at 200 metres, testing the entire geophysically inferred strike length to section 2000 metres east. Drilling has successfully encountered chromite mineralization in each section. Since the start of the project in 2006 chromite mineralization has been established from Line 900 metres East to and including Line 2000 metres East, for a strike length of 1100 metres thus far. Additional drilling is underway to the Northeast in an area where the geophysical expression of the chromite mineralization appears to be disrupted by faulting.

Hole FW-09-26 entered a fault zone in pyroxenite between 9 and 45 metres depth and then continued in an altered pyroxenite to the end of the hole at 207 metres. No significant chromite mineralization was encountered.

Hole FW-09-27 was designed to step back and undercut Hole FW-09-26. This hole encountered massive chromite between 173.3 and 186.8 metres (13.5 metres massive chromite), followed by a second zone of massive chromite mineralization between 208 and 247 metres (39 metres of massive chromite).

Hole FW-09-28 was designed as a 200 metre northeasterly step out from holes FW-09-26 and 27. The hole encountered massive chromite between 39 and 60.5 metres (21.5 metres massive chromite).

Hole FW-09-29 was designed to undercut Hole FW-09-28. Chromite mineralization was encountered between 117.4 and 136 metres (18.6 metres of massive chromite), followed by another zone of massive chromite with narrow beds of semi-massive chromite that was encountered between 234.8 and 244.3 metres (massive chromite over 9.5 metres), followed by a very thick bed of massive chromite between 248.6 and 323.5 meters (74.9 metres of massive chromite).

Hole FW-09-30 was designed to test a 200 metre northeasterly step out from Holes FW-09-28 and 29. At the bedrock - overburden interface of 23.7 metres, the hole immediately entered massive chromite and stayed in this until 33.8 metres (10.1 metres of massive chromite subcropping).

Hole FW-09-31 was designed to be a 200 metre step out from Holes FW-09-28 and 29 and to undercut Hole FW-09-30. Between 235.9 and 264.5 metres, massive chromite was encountered (28.6 metres of massive chromite).

True widths of the chromite mineralization have yet to be determined, as this is typically done once the geometry (attitude, dip, strike) of the mineralized body is determined. The systematic drill pattern as planned is designed to better understand the Big Daddy Chromite Prospect along its entire strike length at regular intervals; the chromite mineralized intersections are quite variable due to the geological nature of the intrusion. Once the current program is completed, an estimate of true width will be provided. At current rate of drilling, it is anticipated that the field portion of the program will be completed by early December.

Summary of Drill Results:


Mineralization
DDH ID Completed Line Sta # Azimuth Dip Length Highlights
----------------------------------------------------------------------------
FW-09-24 Sep 26 / 09 14 E 1700 N 150 50 219 64.43 - 86.0
Intermittent Cr beds
86.0 - 101.85 diss
Cr in peridotite
101.85 - 132.2
Massive Cr
----------------------------------------------------------------------------
FW-09-25 Sep 30 / 09 14 E 1800 N 150 50 339 151.9 - 200.75 diss
Cr + occ Cr bed
in Per
200.75 - 213 fault
213.0 - 232.39 diss
Cr + occ Cr beds
in Per
232.39 - 270.35
Massive Cr
----------------------------------------------------------------------------
FW-09-26 Oct 2 / 09 16 E 1700 N 150 50 207 Cr zone displaced
by fault
166.55 - 178.5 fault
in Pyx with trace
py, po, cpy
----------------------------------------------------------------------------
FW-09-27 Oct 6 / 09 16 E 1800 N 150 50 321 171.0 - 173.3 diss
Cr in Dunite
173.3 - 186.8 Massive
Cr
186.8 - 189.0 diss
Cr in Dunite
189.0 - 208.0 diss +
intermittent Cr in
Dunite
208.0 - 247.0
Massive Cr
----------------------------------------------------------------------------
FW-09-28 Oct 5 / 09 18 E 1745 N 150 50 207 39.0 - 60.5
Massive Cr
120.0 - 137.3 fault
with py, cpy
----------------------------------------------------------------------------
FW-09-29 Oct 10 / 09 18 E 1850 N 150 50 368 70.1 - 117.35
intermittent Cr
beds in Dunite
117.35 - 136.0
Massive Cr
136.0 - 148.0 diss Cr
in Dunite
226.0 - 230.7 Semi
Massive - Massive Cr
231.45 - 233.0 Semi
Massive Cr
234.75 - 244.3
Massive Cr
248.6 - 323.5
Massive Cr
----------------------------------------------------------------------------
FW-09-30 Oct 11/09 20 E 1750 N 150 50 77 23.7 - 33.8
Massive Cr
----------------------------------------------------------------------------
FW-09-31 Oct 11/09 20 E 1850 N 150 50 335 205.4 - 235.9
intermittent Cr
beds + diss in Dunite
235.9 - 264.5 Massive
Cr (dyked off??)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Abbreviations: Cr (chromite), py (pyrite), cpy (chalcopyrite), po
(pyrrhotite), diss (disseminated), Per (peridotite), Pyx (pyroxenite).

Metallurgical Update:

The companies are pleased to report that it has received the results of scoping level mineral beneficiation test work conducted by SGS Lakefield Research Limited and a geometallurgical study conducted by Cliffs Natural Resources on the Big Daddy Chromite Prospect. These early stage studies will guide both ongoing sampling requirements during drilling and subsequent resource modeling and beneficiation studies.

The result of conducting gravity separation test on eight samples covering the range from low grade to high grade led to the following conclusions;

- Some of the massive chromite has a grade greater than 40% Cr2O3 which can be considered direct shipping ore with 1.9 Cr:Fe ratio

- medium grade ore, 20-40% Cr2O3, can be upgraded to saleable material

- The average of 110 SEM-EDS analyses of chromite grains by Cliffs are; 7.4% MgO, 12.64% Al2O3, 0.54% TiO2, 51.29% Cr2O3, and 27.46% FeO.

- grind size needs to be optimized in future testing to improve recoveries at low and medium grades

A sulphide flotation test of the chromitite produced a concentrate containing 14 g/t palladium, 3 g/t platinum, and 1 g/t gold. An evaluation of the distribution of all 6 PGE's is underway. The minerals sperrylite (PtAs2) and stibiopalladinite (Pd3Sb) and an unknown compound of Os-Ru-As-S were identified by Cliffs in a hanging wall pyroxenite sample containing 2.24 g/t palladium and 2.36 g/t platinum over 0.5 metres.

Technical Advisory Committee:

Spider's VP Exploration Jim Burns P.Eng., along with KWG's VP Exploration Moe Lavigne M.Sc., P.Geo. are Qualified Person's responsible for their respective company's disclosure and have read and approve of this press release, along with Don Hoy M.Sc., P.Geo. representing Freewest. These three individuals are members of the Technical Committee for the project, along with Neil Novak P.Geo., President of Spider, Mac Watson P.Eng., President of Freewest and Richard Fink, Director of KWG.

About Freewest Resources Canada Inc.:

Freewest is a well-financed mineral exploration company with more than C$4.5 million in working capital as well as a C$10.8 million investment in Quest Uranium Corp. at current prices and no debt. It is actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com . Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

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

For more information, please contact

Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
[phone] or 1-888-878-3551
[phone] (FAX)
[e-mail]
www.freewest.com

or

Bay Street Connect
Michael D'Amico
Investor Relations
[phone]

or

AGORACOM
Investor Relations
[e-mail]
http://agoracom.com/ir/freewest


Das wird die Position von FWR nicht gerade schwächen , es bleibt weiter spannend !

gruss mike

[Fantomas96]

Der Ring of Fire wird wirklich "heißer", wenn ich mir die News nur aus den letzten Tagen ansehe:

Fri, Oct 16 KWG.V
KWG to place flow-through sharesCNW Group

Fri, Oct 16 UC.V
UC Resources Reports Drill Results, Resumes Drilling in McFaulds Lake AreaCCNMatthews

Thu, Oct 15 PTX.V
Platinex Issues Shares for ServicesCCNMatthews

Thu, Oct 15 KWG.V
KWG Board awards stock optionsCNW Group

Thu, Oct 15 TBM.V
Tribute Minerals Inc. and Webequie First Nation Sign Memorandum of UnderstandingCCNMatthews

Thu, Oct 15 FWR.V
Freewest Continues to Generate Excellent Drill Results at Black Thor on its 100%-Owned McFaulds Property, Northern OntarioCCNMatthews

Thu, Oct 15 KWG.V
KWG engages investor relations professionalsCNW Group

Thu, Oct 15 NOT.V
Noront Resources Ltd. reports increases at Eagle's Nest deposit at McFaulds LakeCNW Group

Thu, Oct 15 NOT.V
Noront Resources announces change of venue for upcoming Annual and Special Meeting of Shareholders on October 15, 2009CNW Group

Wed, Oct 14 NOT.V
Noront Resources announces historic formation of First Nations Advisory CouncilCNW Group

Wed, Oct 14
FWR.V
KWG.V
SPQ.V
Freewest Resources Canada Inc., Spider Resources Inc. & KWG Resources Inc. Provide Exploration Update on the Big Daddy Chromite ProspectCCNMatthews

Tue, Oct 13 NOT.V
Noront Resources formally commences bid for Freewest ResourcesCNW Group

Tue, Oct 13 FWR.V
Freewest Finds New Partner in Eagle Hill to Focus Its Exploration at the Windfall Gold Property in QuebecCCNMatthews

Tue, Oct 13 NOT.V
Noront Resources announces Change Of Venue for upcoming Annual and Special Meeting of Shareholders on October 15, 2009CNW Group



FANTOMAS

[stevie0902]

was auffällt; KWG ist oft dabei

[franz991]

News 20.10.09 (JV Probe/Noront)

Probe Mines Completes Phase II Drilling on its Black Creek Chromite Discovery; Expands Zone to 200 Metre Strike Length and up to 63.6 Metres WideNORONT RESOURCES LTD NOT 10/20/2009 8:02:47 AMTORONTO, ONTARIO, Oct 20, 2009 (MARKETWIRE via COMTEX News Network) --
The Directors of Probe Mines Limited (TSX VENTURE: PRB) ("Probe") are pleased to announce that the Phase II diamond drilling on the Probe-Noront Resources (TSX VENTURE: NOT) Joint Venture Project's Black Creek high-grade chromite discovery in the McFauld's Lake area of the James Bay Lowlands has been completed. The program consisted of 11 drill holes totaling over 1,700m and was successful in extending the strike length of the massive chromite horizon to 200m. The zone still remains open in all directions. The chromite horizon was intersected in all 11 holes drilled and ranges from 63.6m wide to 15m wide, with an average of almost 40m in all holes drilled to date (not true width). To date, the zone has only been tested to approximately 200m vertical depth and appears to maintain a relatively consistent width in each section. In addition, the zone was also traced to near-surface depths of approximately 25m, suggesting that the chromite horizon projects to the bedrock surface and is a likely candidate for open pit extraction.

Fifteen drill holes, totaling almost 4,000m, have now been completed on the Black Creek Zone, with all intersecting significant widths of massive chromite mineralization. In addition to extending the Black Creek Zone in length, depth and thickness, the Phase II program was also successful in delineating the body at a 50m-spacing in all dimensions. This will allow for a much more accurate estimation of the size and average grade of the zone as identified thus far.

Approximately 500 samples have been submitted for geochemical analyses from the Phase II program and results will be released as soon as they are ready. The chromite zone is characterized by significant intervals of massive chromite with typically subordinate sections of semi-massive and disseminated mineralization.

The Black Creek horizon is located on the Probe/Noront McFauld's West joint venture property and represents the latest discovery in the "Ring of Fire". Results from the Phase I drilling program yielded up to 62.4 metres of 34.5% Cr2O3, including 34 metres of 41.4% Cr2O3. Values are amongst the best found in the McFauld's area to date.

The chromite-bearing horizon, which is hosted by a thick package of olivine-bearing peridotites and pyroxenites, lies directly between the Black Thor chromite discovery of Freewest Resources ('Freewest') and the Freewest/KWG Resources/Spider Resources Big Daddy chromite zone and northeast of Noront Resources Blackbird discoveries.

McFauld's Lake

The McFauld's area continues to receive considerable attention with recent reports of high-grade chromite and PGE mineralization from Noront and Freewest Resources, in addition to continuing intersections of high-grade nickel and copper at Noront's Eagle One, Eagle Two and AT-12 discoveries. A preliminary economic assessment of the Eagle One Ni-Cu deposit reported an estimated resource (indicated) of 1,834,000 tonnes averaging 1.96% Ni, 1.18% Cu and 5.1g/t combined platinum, palladium and gold.

The discovery of chromite at McFauld's has added significantly to the area's value. The first massive chromite horizon was identified by Spider Resources in January 2006 while exploring for VMS mineralization. Noront Resources identified further chromite mineralization on its Black Bird 1 and 2 showings, while Freewest Resources returned significant intersections of massive chromite in its Black Thor and Black Label deposits. Highlights from the Freewest drilling include a 124m intersection grading 30% Cr2O3. The chromite occurrences are all located along a laterally extensive magnetic high that can be traced for approximately 20km in a northeast direction, along which many of the Probe-Noront joint venture claims occur.

About Probe Mines:

Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $4.3M in treasury and a portfolio of highly prospective mineral properties. The Company is currently focused on the McFauld's Lake area where it owns 931 claims covering almost 15,000 hectares, including joint venture properties with Noront Resources. Probe also has an option-joint venture agreement with West Timmins Mining on its 100%-owned Bristol Township gold project adjacent to the million-plus ounce gold deposit of Lake Shore Gold Corp. and the recently announced Porphyry Zone discovery (83.4m of 12.75 g/t Au) of Lake Shore-West Timmins. In addition, Probe maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, which began production in 2008. The Company has only 33,516,472 shares issued and outstanding, which trade on the TSX Venture Exchange under the symbol PRB.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com.

Forward-Looking Statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.

Shares Issued: 33,516,472

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

Contacts: Probe Mines Limited David Palmer President [phone] Probe Mines Limited Karen Willoughby Investor Relations [phone]

SOURCE: Probe Mines Limited


Copyright 2009 Marketwire, Inc., All rights reser

[franz991]

Eingebuchte Optionen (Quelle: www.canadianinsider.com)

Oct 23/09 Oct 15/09 Parisotto, Paul Anthony Direct Ownership Options common shares 50 - Grant of options 100,000 $1.840
Oct 23/09 Oct 15/09 Waisberg, Lorie Direct Ownership Options common shares 50 - Grant of options 100,000 $1.840
Oct 23/09 Oct 15/09 Semple, Paul G. Direct Ownership Options common shares 50 - Grant of options 500,000 $1.840
Oct 23/09 Oct 06/09 Semple, Paul G. Direct Ownership Options common shares 00 - Opening Balance-Initial SEDI Report
Oct 23/09 Oct 15/09 Davidson, Alexander John Direct Ownership Options common shares 50 - Grant of options 100,000 $1.840
Oct 23/09 Oct 15/09 McKay, Keith Douglas Direct Ownership Options common shares 50 - Grant of options 100,000 $1.840

[franz991]

Noront Resources awards infrastructure and transportation study to SNC-LavalinNORONT RESOURCES LTD NOT 11/2/2009 8:00:00 AMTORONTO, Nov. 2, 2009 (Canada NewsWire via COMTEX News Network) --
<< Symbol: NOT:TSX-V Shares Outstanding: 163,631,957 Fully Diluted: 173,461,957 >>

Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to announce that they have retained SNC-Lavalin Inc. to complete an Infrastructure and Transportation Study for the McFaulds Lake Project. The Study is intended to review all potential transportation alternatives and routes from site to existing permanent infrastructure such as road and rail lines in Northern Ontario.

The study is intended to be in two phases with the first phase to be completed in the first quarter of 2010. The first phase will evaluate all options and recommend a preferred route and method of all season access into the site. The first phase will also define a work program required to minimize the transportation risks in support of a Feasibility Study. Assuming successful completion of the early phases and the subsequent field work, the Feasibility Study on Infrastructure and Transportation will be completed by the fourth quarter 2010.

Mr. Paul Semple Noront's Chief Operating Officer commented, "We are very happy to have SNC-Lavalin as the newest member of our growing technical team. SNC-Lavalin brings a wealth of global experience in challenging locations as well as the development of major infrastructure projects. Their recent experience in our project vicinity, as well as similar developments such as the Bathurst Inlet Port and Road and their policies in working with Aboriginal Groups will prove extremely beneficial to the advancement of this part of our project."

SNC-Lavalin (TSX:SNC) is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. The SNC-Lavalin companies have offices across Canada and in over 35 other countries around the world and are currently working in some 100 countries.

About Noront

Noront Resources Ltd. is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite, gold and vanadium discoveries in an area known as the "Ring of Fire", an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive and well financed drill plan for the remainder of 2009 and 2010. All material information on Noront can be found on the Company's website at www.norontresources.com or at SEDAR at www.sedar.com

<< Wesley (Wes) Hanson President & Chief Executive Officer >>

FORWARD LOOKING STATEMENTS

This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

<< 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. >>

%SEDAR: 00003339E

SOURCE: Noront Resources Ltd.

please contact Joanne Jobin, Vice President Corporate Communications at [phone], or visit Noront's website at: http://www.norontresources.com.

Copyright (C) 2009 CNW Group. All rights reserved.

[Fantomas96]

Mining Markets, September 2009 : Chrome


http://www.miningmarkets.ca/issues/story.aspx?aid=1000344006…


If Las Vegas odds makers were handicapping the field to determine who will be first past the post in the 'Ring of Fire' Chromite Derby, Noront Resources (NOT-T) would be the surefire front-runner; Freewest Resources (FWR-V), the dark horse; KWG Resources (KWG-V) and Spider Resources (SPQ-V), the long shots; while Probe Mines (PRB-V) would be the pretender -- at least for now.

The winner will publish Canada's first National Instrument 43-101-compliant resource estimate for a chromite deposit -- a feat that could be worth millions.

"I have got the first resource estimate, for sure," claims Wes Hanson, president and CEO of Noront. "Certainly some of the other players in the camp have very interesting chromite discoveries. Unlike Noront, they are probably about two years behind us in terms of getting it drilled off to a level sufficient enough to allow them to do a 43-101 resource estimate."

While that may or may not be true, Noront's leader-of-the-pack status did not happen without a plan.

After Noront's original president and CEO Richard Nemis was toppled last fall in a coup led by institutional investors, stand-in co-CEOs, Joe Hamilton and Paul Parisotto, both of whom were replaced by Hanson in June, determined that a National Instrument 43-101 resource estimate on Blackbird One and Two would likely give the junior a share price bump and allow Noront to not only gauge the value of its chromite deposits, but others in the camp, too.

The Bay Street-friendly junior, by far the best financed in the camp, just completed a $25-million flow-through financing, and has hired Micon International to complete a resource estimate. Noront expects a draft by the end of November.

Noront has sunk 154 drill holes totalling more than 52,000 metres into Blackbird One and Blackbird Two. The deposits were found during follow-up drilling on geophysical anomalies similar to one that turned into Noront's flagship project -- the Eagle One nickel-copper- PGM magmatic massive sulphide deposit.

Some noteworthy results from early drilling on Blackbird One and Two include a15.7-metre interval grading 43.51% chromite with a chromite to iron ratio of 2.17 to 1; another hole returned 39.84% chromite over 30.6 metres; and yet another hit 39.64% chromite over 24.6 metres. The latter intercepts had similar chromite-to- iron ratios.

Some highlights from drill results released in late August showed similar promise. For example, hole NOT-09-1G157 returned 28.27 metres averaging 39.31% Cr2O3; hole NOT-09-1G159 found 25.13 metres running 35.99% Cr2O3; and hole NOT-09-1G168 hit 20.85 metres averaging 38.06% Cr2O3.

Noront's intervals include massive chromite, zones of intercalated beds of chromite, and heavily disseminated chromite hosted by talc-altered dunite and peridotite.

Metallurgical tests conducted by Noront determined that massive chromite could be recovered using dense media separation. And bench-scale tests used conventional gravity separation to achieve recoveries of 87% with the massive chromite, and 80% with the disseminated chromite and intercalated beds.

Earlier this year Noront hired a South African chromite expert -- South Africa is the world's largest chromite producer -- to help Noront assess its deposits. He said there was only one thing wrong with Noront's chromite -- that his company didn't own it.

Freewest

Freewest has three drills turning on its Black Thor chromite project, which could have easily fallen into Noront's clutches.

Without enough cash to test the property, Freewest optioned it to Noront, which in turn sub-optioned it to Probe Mines. Probe kicked it around, eventually drilled a couple of holes, found squat, and returned it to Noront, which returned it to Freewest.

In September 2008, with cash created by the momentum of Noront's high-grade Eagle-One Nickel-copper discovery nearby, Freewest drilled gravity anomalies along a 14-km ultramafic sill inside the Ring-- the same intrusion that hosts all of the chromite deposits found so far.

"Given the dimensions, it's a real district just on the chromite alone," says Donald Hoy, Freewest's vice-president of exploration, and a director.

Drilling at 200-metre centres -- unusually large gaps between holes -- traced the reclaimed Black Thor property over a 2.6-km strike length. The mineralization remains open along strike, in both directions.

Ongoing infill drilling on Freewest's 100%-owned Black Thor at 100-metre centres, and soon at 50-metre centres, should provide enough data for a resource estimate. Hoy says it could happen by Christmas.

"The goal of all that is to, by the end of this year, have enough information in hand such that we too can calculate a NI 43-101-compliant resource," says Hoy, stressing that his company is indeed racing against Noront.

Black Thor, apart from being a clever name for the project, lives up to its godly title. The discovery hole in September 2008 hit about 100 metres running 30% chromite. Hoy says that was the best intersection in the belt at that point.

Since then, Freewest has reported another hole on Black Thor running 34.1% Cr2O3 over a core length of 174 metres.

Freewest's proximal Black Label chromite zone, discovered in February 2009, has yielded up to 32.4% Cr2O3 in a 37.2-metre intersection.

Freewest is also in a joint venture with Noront (see map on page 20), with Freewest as operator, but neither junior is working the property.

If Black Thor and Black Label were not enough, Freewest owns a 50% stake in the Big Daddy chromite deposit -- the camp's first chromite discovery, made in March 2006, by Spider Resources president and CEO Neil Novak (See A Brief History, page 18).

Freewest optioned the Big Daddy concession to the KWG Resources-Spider Resources Joint Venture in 2005. The JV spent $3 million on exploration, with Spider as operator, to earn a 50% stake (25% each). Having reached that threshold, the partners are now earning a 60% interest.

Big Daddy is about 5 km northeast of Noront's Blackbird One and Two discoveries, and 4 km southwest of Black Thor.

The JV believes Big Daddy will get even bigger. Diamond drilling by the KWG-Spider JV has identified a northeast-trending zone of continuous chromite mineralization that extends from local grid line 9+00 metres northeast to 13+00 northeast. The mineralized zone dips towards the northwest and contains different widths of chrome mineralization in a series of stacked lenses. The JV says it needs more infill drilling to confirm that the lenses continue from section to section.

Big Daddy is open at depth as well as along strike in both directions.

This fall, the KWG-Spider JV is drilling Big Daddy with two drills as part of an 11,000-metre campaign. The JV plans to wrap it up before the cold weather sets in. If it doesn't, drilling will cease and resume once ice covers the area.

Last January, the JV published results from the final two holes in last year's exploration program: one hit 42.08% Cr2O3 over 34.8 metres, while another met 34.96% Cr2O3 over 42 metres.

It's common for some nickel-copper- PGM mineralization to occur with magmatic stratiform chrome deposits and Big Daddy is no exception.

The results from 2008's final holes showed promising PGM mineralization, including one intersection of 4 metres running 1.08 grams platinum per tonne, and 1.5 grams palladium.

Probing for chromite

Probe Mines and Noront are camp neighbours and both juniors recently released drill results from the Probe Mines-Noront Resources joint-venture property, situated between Black Thor and Big Daddy, now known as the Black Creek discovery.

Hole MJV09-03 at Black Creek was drilled on a 45-degree angle and intersected 40.1 metres of mostly massive chromite averaging 37.4% Cr2O3. Hole MJV09-04 was drilled under MJV09-03 at minus 60 degrees and intersected the same zone below surface.

The next two holes were drilled at minus 45 and minus 60 degrees, respectively, about 100 metres northeast of holes MJV09-03 and -04. Hole MJV09- 05 intersected a 50.6-metre interval averaging 32.2% Cr2O3, while hole MJV09-06 intersected 62.4 metres of 34.5% Cr2O3. Mineralization reached 186 metres depth, and is open in every direction.

Fancamp Exploration (FNC-V) is part of the camp's mix, too, with its McFauld's Lake property sitting along strike between Black Bird and Black Thor. Fancamp has yet to drill McFauld's Lake but could nonetheless see a bump in its share price once Noront publishes the much anticipated spring drilling results from the Eagle 1 and 2 deposits, which abutt Fancamp's concessions.

King of the Ring

If chromite is ever going to be mined in the Ring -- and that is still a long way off -- it's likely to happen either after or in concert with nickel, copper, and platinum group metals ore flowing from Noront's Eagle One and Two deposits.

"If we didn't have (Eagle One), it's extraordinarily difficult to develop the chromites," says Noront's Hanson.

An early economic assessment of Noront's Eagle One nickel-copper deposit reported an estimated indicated resource of 1.8 million tonnes averaging 1.96% nickel, 1.18% copper and 5.1 grams combined platinum, palladium and gold per tonne.

In 2008, the Eagle One mineralization had an estimated in-situ value of $1 billion, leading Noront to trademark the tag line "King of the Ring."

In late June 2009, Noront published results from Hole 49, which drilled underneath Eagle One's known mineralization to a depth of 1,000 metres. The hole intersected two zones of disseminated, semi-massive and massive sulphides, one from 269 metres to 510 metres below surface and the other from 749 metres to 945 metres.

The hole more than tripled the down dip extension of known mineralization and revealed two more mineralized lenses -- the Eagle's Nest, as Noront is calling it -- known as Eagle 1A and 1B.

"It's a conduit system. You could get repeated lenses all the way down," says Spider's Novak, Noront's former vice-president of exploration.

The Hole 49 news sent Noront shares soaring from a mid-July low $0.63 to a high of $2.70 on Aug. 4. By presstime on Aug. 27, Noront shares had retreated to $2.09.

The junior will likely publish a second resource estimate on Eagle One in late 2010.

Says Novak: "Noront just raised twenty-five million dollars. That's the type of money they are going to have to spend to detail drill (Eagle One). To prove up the fifteen, twenty or thirty million tonnes or whatever it ends up being."

No Roads Lead To Chrome

Getting the chromite to market will be an exercise in patience and fundraising.

The infrastructure in the James Bay lowlands is, at best, minimal. Makeshift trails and old logging roads. Diesel-generated electricity. A tiny labour pool. And the Ontario Northland rail line stops at Nakina, Ont., about 300 km due south.

A line linking the Ring with Nakina would cost between $500 million and $600 million (a dirt road would be about the same price). The last railway built exclusively to service a mining camp was completed in 1954 to bring iron ore from mines in Schefferville, Que., to the deep water port at Sept-Iles.

KWG has held talks with the Ontario Northland Transportation Commission (ONTC), a unit of the Ministry of Northern Development and Mines. The ONTC controls the Ontario Northland Railroad, which KWG president Frank Smeenk thinks is the logical choice for the would-be railroad's operator.

There are several rail line funding ideas, both private and public, being discussed but perhaps the most interesting is a model being developed by KWG.

Smeenk plans to ask the Canada Revenue Agency for permission to establish a flow-through "mutual fund" that would effectively transfer the costs, recorded as business losses, to investors who would use them as tax deductions against income.

Even if that pie-in-the-sky notion gets off the ground, there is still the matter of funding a smelter or electric arc furnace needed to process chromite into ferrochrome, which is mostly employed as a strengthener in stainless steel. This is where Cliffs Natural Resources (CLF-N) enters the picture.

Cliffs is North America's largest producer of iron ore pellets via six mines in Michigan, Minnesota and eastern Canada. It operates two coking coal mining complexes, one in West Virginia, the other in Alabama, and boasts a market cap of US$3.2 billion.

Cliffs owns 19.9% of KWG and, on a fully diluted basis, about 10% of Freewest.

Cliffs has a back-of-the-napkin cap-ex calculation of US$1.4 billion for an open-pit chromite mine at McFauld's Lake: US$600 million for a railroad, US$600 million for an arc furnace or smelter, and a mere US$200 million for an open-pit mine.

"It makes a very handsome rate of return paying off that kind of capital at one train a day carrying 4,000 tonnes of ore -and that's the North American market," Smeenk explains (See A market for chrome, page 25).

There is no chromite production in North America. The steel mills in the West mostly import chromite from South Africa.

Grades in the Archean-aged Ring of Fire compare well with the robust chromite deposits in South Africa's Bushveld complex, and are better than the Proterozoic- aged Kemi mine in Finland.

A chromite-to-iron ratio of 2 to 1 or higher is considered ideal. In South Africa, the ratios are generally 1.7-1.8 to 1, and at Kemi, the ratio drops to 1.5-1.6 to 1.

Most of the chromite intersections in the Ring of Fire have consistently been above 2 to 1.

"(The chromite is) very thick, it's got a higher-grade core, it stands almost vertical and has very little outcrop. From the perspective of an iron miner like Cliffs, this is a slam-dunk for a big pit," Smeenk crows.

Noront, meanwhile, has hired an Ottawa-based lobbying firm to help it get government cash to assist with development -- a process made easier with a resource estimate.

"It's too early for (the government) at this point. They need to see something concrete," Hoy says.

He adds: "We are sitting on a group of (chromite) deposits that compare favourably with the best in the world. If things can turn around and companies can raise money again, then there's going to be more drilling up there and that's going to result in a lot more discoveries."

It will also add more horses to the derby.

---------

What Is Chromite?

Chromite is a dark black industrial mineral in its raw form that is mined to produce ferrochromium alloys or chromium, key to stainless steel production. It takes 2.5 tonnes of chromite to make 1 tonne of ferrochrome, a steel-gray metal similar to platinum in terms of lustre.

Ferrochrome is alloyed with steel to make it more resistant to corrosion by making it harder. There is no good alternative for ferrochrome in the manufacture of steel.

Ferrochrome is also used to make heat-resistant steel. "Superalloys" use chromium and have strategic military applications. Chromium also has some use in the manufacture of certain chemicals and in the textile industry.

Commercial chromite deposits occur mainly in two forms: stratiform deposits are in layers and podiform deposits are usually found in lenses.

---------

Geology

the ring of fire is a fairly new camp. It has seen only limited drilling since the Canadian Geological Survey flew an airborne electromagnetic survey over the vast, swampy region in 1957. Given the circumstances, geology in the Ring is only somewhat understood. What is known is that the basement complex is comprised of greenstone rocks that could be an extension of the Archean-aged Sachigo greenstone belt.

Camp geologists posit that at some point, a regional-scale granodiorite pluton created a doming effect by poking its way into those greenstone rocks. A mafic-ultramafic mantle-derived intrusion, known as the Ring of Fire Intrusion (RFI), settled along the edge of the granodiorite.

Perhaps most noteworthy is that the RFI is magnetically distinct, allowing it to be traced with minor interruptions for many kilometres along the granodiorite margin using ground geophysics.


FANTOMAS

[Fantomas96]

Mining Markets, September 2009 : A Market For Chrome


http://www.miningmarkets.ca/issues/story.aspx?aid=1000344014…


Noront Resources (NOT-V) president and CEO Wes Hanson says the global ferrochrome market is somewhere around 17 million tonnes, while his predecessor and Noront director, Joe Hamilton, believes it's closer to 12 million.

German firm Heinz Pariser Research is forecasting an average ferrochrome price of US$0.79 per lb. and US$1,600 per tonne until 2017. Raw chromite fetches US$200 per tonne.

With global demand of 14.5 million tonnes (the average of the earlier estimates), the global ferrochrome market is worth about US$23.2 billion. A 5% share of that market would be worth US$1.16 billion annually.

Some rough estimates put the chromite tonnage in the Ring of Fire well into the billions but it takes 2.5 tonnes of chromite to make 1 tonne of ferrochrome.

And if you saturate the market with too much production early on, prices will sink and the financial models used to finance development would be rendered useless.

In 2006, South Africa supplied 38% of the world's chromite, with Kazakhstan and India each producing 18%, and Finland, Brazil and China among the largest remaining chromite producing nations.

Most customers, mainly steel mills, which use it as a key component in stainless steel production (chromium is alloyed with steel to make it corrosion resistant or harder) have contracts with chrome suppliers.

The rich chromite deposits in Kazakhstan supply steel mills in Europe and Russia, while deposits in India and Brazil largely supply domestic needs. That leaves the vast chromite fields of South Africa's Bushveld Complex to meet the rest of the world's ferrochrome demands.

"There is no chromite production in North America. The Americans are importing; they are getting their chromite from South Africa," says Donald Hoy, Freewest Resources' (FWR-V) vice-president of exploration.

Cliffs Natural Resources (CLF-N), one of the world's major iron ore pellet suppliers, owns 10% (fully diluted) of Freewest, and almost 20% of KWG Resources (KWG-V). The US$3.2-billion company clearly sees the North American market as the best chance for success.

"I think Cliffs has aspirations of supplying the European and Chinese markets," says Frank Smeenk, president and CEO of KWG Resources. "Cliffs also sees a huge opportunity in this small North American market."

Supply problems have dogged the chromite market in recent years. Hoy says some chromite shipments from South Africa never reach their customers. He believes there is room for another supplier.

"It depends on the quality of your product. There are different qualities of chromite," Hoy says.

"If you can find a really large tonnage of very good quality (chromite) and very good grade, then you may put some people out of business," Hoy predicts.

Hanson sees it differently.

"Realistically, what (size of market share) is a new Canadian (chromite) operation going get in an 'old boys' club? Two per cent, three per cent, four? You'll get the domestic market in the U. S. If you have the right connections, you may get inroads into China," Hanson says. "It looks like it's going to be a difficult market to break into."

Noront's chromite development plan goes something like this: Join the International Chromite Development Association (ICDA); publish a National Instrument 43-101 compliant resource estimate; work out an agreement with the ICDA as to how much chromite Noront could supply the market; establish with chromite buyers that Canadian chromite is excellent quality; develop a chromite brand (similar to the way Canadian diamond miners made Canadian diamonds a luxury brand); and maybe get 10-15% of the market -or 1.2-2 million tonnes per year.

"You have to establish a name brand. You have to be Nike," Hanson says. "Fully understanding that market is very high on our list of things to do."

Noront plans to have a National Instrument 41-101-compliant estimate for its Blackbird 1 and 2 chromite deposits by the end of 2009. The junior has drilled 154 holes and more than 52,000 metres over both deposits.

A chromite-to-iron ratio of 2 to 1 is considered the benchmark to process chromite into ferrochromium in a smelter.

In South Africa the ratios are generally 1.7-1.8 to 1, in Kazakhstan the ratio often exceeds 2 to 1, and at the Proterozoic-aged Kemi mine in Finland the ratio drops to 1.5-1.6 to 1.

Most of the chromite deposits discovered so far in the Ring of Fire report chromite-to-iron ratios of 2 to 1 or better.

Ferrochrome refining requires an electric arc furnace, a massive facility that comes with an equally massive price tag and chews up lots of electricity. Coking coal is also needed to process chromite into various ferrochrome products.

The front-runner location for such a furnace seems to be Thunder Bay, Ont., which has not only surplus electricity due to the shuttering of a handful of local pulp and paper mills, but a deepwater port on Lake Superior.

Another option is building something on James Bay, where there is direct access to the Atlantic Ocean.

Cliffs estimates such a facility would cost US$600 million.

The supply and demand fundamentals for ferrochrome look good, with a shortage being projected for the next 10 years.

Heinz Pariser Research says stainless steel demand is projected to grow by about 6% per year to 2020 with ferrochrome demand growth slightly lower, at 5.2% per year, because of the influence of more recycling.


FANTOMAS

[Fantomas96]

RoF-News der letzten Woche:

Fri, Nov 6 FWR.V
Freewest Announces Hearing on Shareholder Rights Plan

Thu, Nov 5 FWR.V
Freewest Update on Exploration Activities on Its 100%-Owned McFaulds Property, Northern Ontario

Wed, Nov 4 TBM.V
Tribute Settles Further Debt

Wed, Nov 4 NOT.V
Noront Resources to present at key retail and industry conferences

Wed, Nov 4 TBM.V
Drilling on the South Bend Property, Ring of Fire, James Bay Lowlands-Six Holes Have Intersected Favourable Sulphide Mineralization in Ultramafic Rocks

Wed, Nov 4 NRN.V
Northern Shield Resources Identifies Strong VTEM Conductors at Wabassi Ni-Cu-PGE Property in Northern Ontario; Mobilizes Field Crew

Tue, Nov 3 NOT.V
Noront Resources reports exploration update at McFauld's Lake Project, James Bay Lowlands

Tue, Nov 3 BMK.V
MacDonald Mines Announces Extension to Term of Warrants

Tue, Nov 3 INV.TO
INV Reports Q3/2009 Results and Provides Operational Update

Tue, Nov 3 GZZ.V
Golden Valley Mines-Exploration Update on its James Bay Lowlands "Ring of Fire" Joint Venture

Tue, Nov 3 PTX.V
Platinex and Ontario Mediate Over Big Trout Lake Property

Tue, Nov 3 WPR.V
White Pine Resources James Bay Lowlands Exploration Update

Tue, Nov 3 MTX.V
Metalex "Ring of Fire" update


Mon, Nov 2, 2009

• FWR.V Freewest Resources Questions and Answers About the Inadequate All-Share Offer From Noront Resources for All Outstanding Freewest Shares

• SFF.V Seafield Appoints James Paterson to Board of Directors

• NOT.V Noront Resources awards infrastructure and transportation study to SNC-Lavalin


FANTOMAS

[franz991]

TORONTO, Nov. 9, 2009 (Canada NewsWire via COMTEX News Network) --
<< Symbol: NOT:TSX-V Shares Outstanding: 163,781,957 Fully Diluted: 173,461,957 >>

Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) believes Freewest's management fails to address the real issues and have left important questions unanswered both in their press release dated November 2, 2009 and in their October 23, 2009 Directors' Circular. The Company realizes the importance of answering these questions and stating the facts correctly for all shareholders concerned:

<< Freewest claims that the Noront Offer fails to compensate Freewest for the strategic value of its assets. In fact the reality is: - Freewest shareholders will continue to benefit from future increases in value associated with development of the Ring of Fire as they will own 25% of the combined company - World class deposits aren't just big they are also low cost and generate high returns - The sharing of infrastructure will contribute to making the Ring of Fire chrome deposits world class and result in the realization of greater shareholder value - Blackbird and Black Thor have very similar geological and technical characteristics - Black Thor is larger but of lower quality than the Blackbird deposit - Freewest's comparison of the two deposits is premature as its drill spacing is too wide to draw any scientifically based conclusions or to prepare a N1 43-101 compliant technical report inline with industry standards - Freewest continues to fail to report results of merit from its non- Ring of Fire assets Freewest claims that Noront's chromite strategy is lacking. In fact the reality is: - Noront's strategy is not only to develop the Ring of Fire in the optimal and least dilutive manner, but to ensure that the chrome deposits are a key part of this strategy; - Noront is the only Americas member of the International Chromium Developers Association, a prestigious group dedicated to the marketing of chromium and all of its ferro alloy products, developers, and end users. - Noront is aggressively marketing its chromite potential on a global basis - Rationalization of the Ring of Fire will allow reduction of infrastructure between Eagle's Nest, Blackbird and Black Thor. This will result in the sharing of infrastructure development capital costs, economies of scale leading to improved economics, greater returns and higher shareholder value Freewest claims that Noront's Offer does not reflect an adequate premium for control. In fact the reality is: - Calculating a premium based on the closing price the day before the announcement of an offer does not take into account any trading irregularities immediately prior to the offer being made - A premium calculated over a longer period is more representative of the actual premium being offered - Noront's offer implies a 51% premium to the volume weighted average over the month prior to the offer being made, compared to a 46% premium paid in recent base metal transactions - Freewest's chromite deposits are interesting chromite occurrences whose resource size or grade is yet to be determined in accordance with NI 43-101 or any other reasonable technical standard - The assumption that the deposit will be economic and will generate future revenues is premature and not based on any reasonable tests or technical evaluations nor supported by an Independent Qualified Person. - The argument that Noront has undervalued the assets of Freewest does not consider the additional expenses that will be incurred to complete exploration, environmental studies, technical studies, financing and construction of a mine at Black Thor if the future work proves technically feasible, environmentally sound and economic. - The assumption made by Freewest that future exploration and development successes are a given, and that Noront's offer should pay for such future successes, fails to recognize the project hurdles as yet to be cleared by Freewest and the risks associated with the future exploration and development of the project. - Freewest has not completed a preliminary resource estimate to any acceptable technical standard, the argument that Noront's offer is undervalued since it doesn't allow for the development potential and future revenues is not reasonable Freewest claims that the value of Noront is uncertain. In fact the reality is: - Continued exploration success at Eagle's Nest suggests the existence of a reasonably-sized, robust, high-grade nickel, copper and PGM deposit - As the project moves up the value development curve, the value of this deposit should underpin Noront's share price Freewest claims that it may be difficult for Freewest shareholders to dispose of Noront shares. In fact the reality is: - Noront's daily average trading value over the last year has been ten times more liquid than Freewest's average trading value - The combined company will be the seventh largest company on the TSX-V - Compared to the current stand alone situation the above factors should improve Freewest shareholders ability to sell shares without a share price impact Freewest claims that superior proposals or other alternatives may emerge. In fact the reality is: - There are no other deals Freewest Offer -------------- >>For more information on the Freewest Offer, please visit Noront's website at www.norontresources.com or contact the Investor Relations Department at Noront at 416 367 1444. Ext 126

Updated Questions and Answers to the Freewest Offer have now been posted to the Noront website.

<< To tender your Freewest shares, please contact: Laurel Hill at Laurel Hill Advisory Group North American Toll Free Phone: [phone] Email: [e-mail] Outside North America, Banks and Brokers Call Collect: 1-416-637-4661 >>

Noront has filed an amended annual information form in order to update the disclosure with respect to certain of its officers from its previously filed annual information form dated September 30, 2009, and has also filed its annual certificates in accordance with National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings, as required

About Noront

Noront Resources Ltd. is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite, gold and vanadium discoveries in an area known as the "Ring of Fire", an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive and well financed drill plan for the remainder of 2009 and 2010. All material information on Noront can be found on the Company's website at www.norontresources.com or at SEDAR at www.sedar.com

<< Wesley (Wes) Hanson President & Chief Executive Officer >>

FORWARD LOOKING STATEMENTS

This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

<< 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. >>

%SEDAR: 00003339E

SOURCE: Noront Resources Ltd.

regarding this Offer, please contact Wes Hanson, President and Chief Executive Officer or Joanne Jobin, Vice President Corporate Communications at [phone], or visit Noront's website at: http://www.norontresources.com

[Fantomas96]

UC verordnet sich die "poison pill" (will wohl nicht auch noch von Noront "geschluckt" werden !


UC Resources Ltd. Adopts Shareholder Rights Plan

http://finance.yahoo.com/news/UC-Resources-Ltd-Adopts-ccn-24…

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2009) - UC Resources Ltd. (TSX VENTURE:UC - News) would like to announce that the board of directors of the Company has elected to adopt a shareholder rights plan that will be presented for ratification by the shareholders of the Company at the Company's annual general meeting to be held on December 17, 2009.

The shareholder rights plan has been adopted to ensure the fair treatment of all shareholders with respect to any takeover bid for the common shares of the Company. It is designed to provide shareholders with sufficient time to properly consider a takeover bid without undue time constraints. In addition, it will provide the board with additional time for review and consideration of an unsolicited takeover bid and, if necessary, for the consideration of alternatives.

This rights plan is not being adopted in response to any proposal to acquire control of the Company.

BY ORDER OF THE BOARD OF DIRECTORS OF UC RESOURCES LTD.

Jim Voisin, Chief Executive Officer

[Fantomas96]

Heute wieder ein denkwürdiger Tag für das RoF-Camp !

Denn mit dem Übernahmeangebot der Freewest Claims durch einen Major (Cliffs Natural Resources) für C$ 118,3 Mio. wird die Werthaltigkeit des Chroms bestätigt und die Wahrscheinlichkeit des nächsten kanadischen Minen-Camps deutlich erhöht, was ultimativ den Kursen aller RoF-Player zugute kommen sollte:

http://finance.yahoo.com/news/Freewest-Announces-070-Per-ccn…


Freewest Announces $0.70 Per Share Acquisition by Cliffs Natural Resources Inc.

- Cliffs to acquire 100% of outstanding Freewest shares

- Each Freewest shareholder to receive C$0.55 in shares of Cliffs and one share of New Freewest with an estimated value of C$0.15, for a total estimated value of C$150.6 million or C$0.70 per Freewest share

- Transaction represents a 122.2% premium to Freewest's closing price on October 2, 2009, immediately prior to the announcement of the unsolicited offer by Noront Resources Ltd., and a 27.3% premium to Freewest's closing price on November 20, 2009

- Freewest Board of Directors unanimously supports Cliffs transaction


FANTOMAS

[Fantomas96]

Interessanter Blog zum "Ring of Fire":


http://rof-miningcamp.blogspot.com/



FANTOMAS

[Fantomas96]

Northern Miner Artikel vom 26.11.2009 (auch, wenn Cliffs das "Rennen" noch nicht, wie hier behauptet, gewonnen hat):


Cliffs Wins Freewest’s Chromite

By Trish Saywell

Noront Resources’ (NOT-V) failed hostile takeover bid for Freewest Resources Canada (FWR-V) last month jolted Cliffs Natural Resources( CLF-N)out of complacency — prompting the world’s largest iron ore pellet supplier to acquire the junior’s chromite-rich deposits before anyone else tries to make another pass at them.

Cliffs believes Freewest’s high-grade Black Thor, Black Label and Big Daddy deposits in the remote “Ring of Fire” metals district of northern Ontario will support a relatively low-cost mine that can supply markets in Europe, North America and Asia for decades to come.

In a conference call announcing the acquisition, Cliffs’ president and chief executive, Joseph Carrabba, said the company believes the chromium assets are world-class deposits with the potential to support an open-pit mine producing 1 to 2 million tonnes per year for more than 30 years. The ore will be further processed into 400,000-800,000 tonnes of ferrochrome.

Under the terms of the deal, Cliffs will acquire Freewest and its 100%-owned Black Thor and Black Label deposits, plus 50% of the Big Daddy deposit, which is a joint venture with Spider Resources (SPQ-V) and KWG Resources (KWG-V). Cliffs already owns 19.9% of KWG Resources, which holds a 25% stake in the Big Daddy deposit.

“Ferrochrome is imported by the world’s fastest-growing steel markets and many countries have categorized it as a strategic metal resource,” Carrabba said. “We believe this discovery represents one of the premier chromite deposits in the world. Given the operation’s unique location, our objective will be to supply ferrochrome to stainless steel producers around the world.”

Cliffs has been involved in the development of these deposits for most of the year and in June acquired a significant position in Freewest through a private placement. Currently Cliffs owns 6.9% of Freewest’s outstanding shares and owns warrants, which if exercised, would increase its ownership to 9.75%.

Under the definitive agreement, each Freewest shareholder will receive a fraction of a Cliffs share representing a fixed value of 55¢, and one share of a new company, Freewest Resources (or “New Freewest”), which will hold the junior’s current portfolio of non-chromite exploration properties, estimated by Freewest to have a value of 15¢ per share, for a total estimated value of 70¢ per Freewest share.

Market reports estimate that four countries — South Africa, Kazakhstan, Finland and Turkey — control nearly 80% of the world’s 24 million tonnes of chromite ore production.

Cliffs believes Freewest’s deposits can make up between 6% and 11% of the global supply of chromium.

In 2008, ferrochrome consumption in the U.S. reached 7 million tonnes. In Asia, consumption reached 4.6 million tonnes and in Europe, 1.9 million tonnes. Cliffs notes there was a deficit of 4.6 million tonnes in the U. S. and Europe last year.

In 2008, the price of chromium reached US$1.75 per lb. This year, the metal is US82-88¢ per lb.

But operating an open pit with such high-grade chromium should put Cliffs in the bottom third of the cost quartile, Carrabba said.

“If you want to compare the current deposits (in the Ring of Fire) with classic chromite deposits in South Africa,” Carrabba said, “the big difference is the larger seams and an open-pit versus underground scenario, which gives you a very good cost advantage.”

Cliffs expects to complete the permitting process in three years and start commercial production by 2015.

Capital costs for the project are estimated at about US$800 million, but that number excludes the cost of building a 300-km railroad spur to hook up with the CN line somewhere near the town of Nakina in the James Bay lowlands. A smelter will most likely be located somewhere on the northern shore of Lake Superior, the company says.

Some highlights from Freewest’s drilling at Black Thor include intercepts of 43.7% chromium oxide over 48 metres (in hole 74), 40% chromium oxide over 38 metres (hole 69), 42.3% chromium oxide over 35 metres (hole 73), and 40.5% chromium oxide across 23 metres (hole 58). The deposit remains open along strike and at depth. (Black Thor was tested over a strike length of 2,600 metres and to a depth of 400 vertical metres.)

The drilling has delineated a potential mineral deposit at Black Thor ranging from 50 million to 60 million tonnes and grading between 31% and 38% chromium oxide, Freewest says. In addition to chromite, the Black Thor occurrence has the potential to host between 278,000 and 406,000 oz. of platinum, and between 260,000 and 381,000 oz. of palladium, according to Freewest. The company expects that a National Instrument 43-101-compliant resource on Black Thor will be completed before the end of the year.

Big Daddy, about 4 km southwest of Black Thor and about 5 km northeast of Noront’s Blackbird One and Two discoveries, is open at depth, as well as along strike in both directions. On Nov. 16, the Freewest joint venture reported that since the start of the project in 2006, chromite mineralization had been established over an inferred strike length of 1,300 metres.

In January 2009, the joint venture published the results from the final two holes in its 2008 exploration program. Highlights include an intersection in one of the holes of 42.08% chromite over 34.8 metres and in the other, 34.96% chromite over 42 metres.

At presstime, Freewest was trading at 63¢ per share. The junior has a 52-week trading range of 12-68¢ per share. Cliffs, meanwhile, was trading at US$42.54 in a 52-week trading range of US$11.80-44.83.


FANTOMAS

[Fantomas96]

Hier die Gewinner des diesjährigen PDAC "Prospectors of the Year 2010 Awards", keine unbekannten Gesichter:



(L to R) Award Presenter, Edward Thompson; Prospectors of the Year Winners, Mac Watson, Richard E. Nemis, John D. Harvey, Donald Hoy, Neil D. Novak



The 2010 PDAC Prospectors of the Year Award Winners for the Ring of Fire Discovery in Northern Ontario – John D. Harvey, Donald Hoy, Richard Nemis, Neil D. Novak and Mac Watson

http://www.republicofmining.com/2010/03/14/the-2010-pdac-pro…


John D. Harvey, Donald Hoy, Richard Nemis, Neil D. Novak and Mac Watson are recognized for the significant base metals and chromite discoveries in northern Ontario’s Ring of Fire.

In 2002, Neil Novak, as vice-president of Spider Resources Inc., was seeking kimberlites in the James Bay lowlands in a joint venture with KWG Resources Inc.

Novak had found 1.1-billion-year-old, diamond-bearing kimberlites under 130 metres of sand and limestone. De Beers Canada Exploration, curious about Novak’s work, formed a JV with Spider-KWG to look at their geophysical and geochemical database.

Novak’s expertise led De Beers to launch a reverse-circulation drill program near McFauld’s Lake, northern Ontario.

In May 2002, De Beers’ drill cut massive sulphide mineralization. The hole returned eight metres grading 1.61% copper, including a 0.5-metre section running 7% copper and almost 5% zinc.

Later that year, Spider published a released after staking 64 square kilometers around its discovery. Learning the news, Richard Nemis, then president and CEO of Noront Resources Ltd., found a contractor familiar with McFauld’s Lake to stake claims based on an airborne survey flown in 1959 by the Geological Survey of Canada.

Nemis says two claims contiguous to his showed some “unusual geophysical signatures.’ The claims were held by Condor Diamonds.

Novak was working Condor’s claims as a consultant but there was an ongoing court battle over their ownership. When litigation ended, Nemis secured the claims after agreeing to drill an anomaly outlined by Novak.

In August 2007, the first angle hole into Condor’s claims, later dubbed Eagle One, returned 1.1% nickel, 0.9% copper and 2.1 grams palladium over 71.5 metres of magmatic rock. A second hole found more mineralization but two holes east and west of the discovery hole proved barren.

With costs exceeding $100,000 per hole, Nemis stopped drilling and flew in consultant John Harvey. He examined the evidence and recommended the anomaly be drilled vertically. Hole five went straight down and returned 117 metres averaging 4.1% nickel and 2.2% copper, plus platinum and palladium.

Within six weeks more than 100,000 hectares had been staked along the Archean-aged greenstone belt that forms a kind of ring east of McFauld’s Lake. The rush prompted Nemis to dub the camp the Ring of Fire.

Further drilling at Eagle One has outlined an indicated resource of 1.8 million tonnes averageing 2% nickel, 1.2% copper and five grams combined platinum, palladium and gold per tonne. Another resource estimate is expected later this year.

Mac Watson, then president and CEO of Freewest Resources Canada Inc., was part of the original staking rush with Nemis. Watson assembled his own land package based on an old Inco airborne survey.

More than a year before the Eagle discovery, the Spider-KWG joint venture had drilled the SKF property at McFauld’s lake, optioned from Freewest. One hole returned two tin intersections of a jet-black mineral. “I and this other geologist kind of scratched our heads,” recalls Novack. “We pulled out our field manuals and eventually convinced ourselves that it was chrome.” The property was eventually renamed Big Daddy.

In September 2008, Freewest conducted a ground gravity survey along an ultramafic sill, known as the Ring of Fire Intrusion. Feewest ranked the gravity anomilies, thought to be nickel-copper deposits.

Drilling on the first targeted intersection more than 100 metres of high-grade chromite mineralization in the hanging wall of the nickel-copper target. After Hole 2 hit minor chromite, Freewest’s former vice-president of exploration, Donald Hoy, decided to test another gravity anomaly along trend, 1.6 kilometres away. That hole intersected almost 100 metres grading 30% chromite.

Follow-up drilling defined the deposit over a 1.6-km strike length. Mineralization remains open in both directions along strike.

Noront and Probe Mines Ltd. Have outlined similar chromite deposits but Black Thor is the Ring’s largest. It contains an inferred mineral resource of 69.5 million tonnes grading 32% chromite.

Chromite is transformed into ferrochrome and then alloyed with steel to make it more corrosion resistant. Steel producer Cliffs Natural Resources Inc. purchased Freewest for $240 million in January 2010.

Mining veteran Pierre Lassonde told the National Post in 2008 that the Ring of Fire is “the most exciting discovery of the last 10 years” in Canada.
Indeed!



Herzlichen Glückwunsch !

FANTOMAS

[Fantomas96]

http://www.republicofmining.com/2010/03/19/ontario%E2%80%99s…


Ontario’s Ring of Fire Discovery


When junior companies take on ambitious exploration projects like the work to develop The Ring of Fire, the rate of burn — the expenditure of hard-won financial investment — is used up at a fast clip. Noront Resources alone spent $19 million in 2009. One industry analyst suggests that the six companies drilling in the area will spend around $250 million over five years on exploration. Since site access is by fixed-wing aircraft and helicopters, the budget for transportation is huge.

So it is that the juniors band together in various joint ventures and option agreements, and, since many actually share offices in the same building, there is frequent consultation and shared planning. Nickel ore is considered attractive and would likely bring the fastest payback, but chromite as chrome also has great possibilities for development. If this is the case, concentrate produced on-site could be shipped on the hoped-for road to the south and possibly be processed at a facility set up to produce ferro-chrome, which could be built in Thunder Bay.

Although it is not the first company in the McFauld’s Lake area, Noront Resources has made, within a couple of years, discoveries that have caught the eye of all those interested in the mining industry. This area is the most significant in Canada mining exploration since Voisey’s Bay grabbed the headlines, and there is the promise of both base and precious metals below ground in this remote location.

In 2007, drilling confirmed the presence of a huge ultramafic intrusion that was dubbed Eagle One and that was later revealed to hold three million tonnes of high-grade copper, nickel, and platinum group minerals. That same year, two kilometres away, Eagle Two came up with high nickel grades that could be directly shipped without on-site processing, indicating a seven-year mine life.

In 2008, discoveries Blackbird One and Two, both a short distance from the camp, offered a bonus deposit of massive chromite, in one intersection averaging a handsome 41.56 percent. Smelt this mineral and obtain chromium and ferrochromium. This lustrous hard metal when combined with iron to make stainless steel is highly resistant to corrosion. There is no substitute for chromium in stainless steel, and the demand for this product will be heavy in Canada. Further drilling and metallurgical work in 2009 confirmed the high quality of the Noront deposit.

Noront is the dominant landholder in the Ring of Fire area, is well engaged with the Webequie and Marten Falls First Nations, and has no difficulty finding major financing. Nature has even smiled on the project of this fast-moving junior in placing the deposits in a flat-lying area most convenient for airborne geophysics. Icing on the cake of the nickel and chromite discoveries are associated platinum group minerals and vanadium, a steel additive used also in cladding titanium to steel. Such an endeavour in the James Bay Lowlands accessing such polymetallic finds is well worth a closer look.

Accessing Noront’s Camp in the Ring of Fire

Thunder Bay airport is one of two main entry points for those heading to the James Bay Lowlands ground that has become known as The Ring of Fire. The airport has downsized replicas of freighter canoes and even a trading post storefront, all to advertise Old Fort William, the prime tourist attraction for the Lakehead. There is the usual set-up for security, with manual and electronic checking of people and their belongings, but for passengers heading north there is no security check, just a walk onto the waiting plane. After all, to what destination might one highjack a small, limited flying-time, northern commercial aircraft?

Wasaya, Oji-Cree for “brightness of the rising sun,” provides a northbound flight with its Raytheon eighteen-passenger Beech twin turboprop aircraft. There is one row of seats on either side of the aisle, and no door between pilots and cabin, so their work movements provide an alternative to the view from the small individual seat windows. Along with the author, there are a dental health technician and nine First Nation passengers. The recorded flight announcement welcomes with a hello greeting — Wachiiyeh — and thanks passengers for listening with Megwetch, the traditional Cree for “thank you.” Surprisingly, the recorded voice also indicates the location on the aircraft of the flight data recorder, not normally a concern of airline passengers.

The hour-long flight offers an overview of small trees, narrow, winding rivers, and small lakes. The aircraft skims along at 283 knots and bumps down on schedule on the dirt runway at Fort Hope, whose traditional name is “Eabmetoong.” This settlement is on a fairly large lake, and the name means “the reversing of the water place.” The pilots stow baggage that accompanies the newcomers. One young mother has her baby in a soft, moosehide-covered tikanagan, the cradle of the Cree. The flight to Landsdowne House or Neskantaga is only about ten minutes. The population is similar to that of Fort Hope, less than 300 persons for this settlement on Attawapiskat Lake. The plane takes off and has another short hop of fifteen minutes before arriving at Webequie, the third dirt runway of the trip.

Although the resident population is only 253 persons, Webequie is an important community, as it is a jumping-off point for northern exploration camps. The band council has taken a 20 percent share in a drilling company, and local entrepreneurs have formed a logistics company to provide services to camp operators. This village is 540 kilometres by air from Thunder Bay.

Bruce gives us a tour and points to other residents. There are twenty drillers, some from Cyr Drilling from Western Canada, but the majority from Orbit Garant, a company from that seemingly inexhaustible supplier of the trade, Val–d’Or, Quebec. There are also three men who operate Devico directional drilling equipment, and their skills can send diamond drill rods slanting off in any desired direction. Caterer 1984 provides food services, and Matrix Aviation Solutions Inc. works to deliver services maintaining camp operation. One 1984 employee is Diane Pohl, who with her occupational first-aid certificate also is Health and Safety Officer, and in her spare time oversees housekeeping services. Her cautionary safety signs are found everywhere, as well as the Noront policy warning that states the camp is alcohol-free and illicit drug-free and advises all on the site that those who ignore this dictum face instant termination.

The camp consists of a combination of thirty-eight tents and green painted plywood cabins. One row of tents is called Sleep Alley, and signs warn passersby that drillers who work in twelve-hour shifts are sleeping. The tents are sixteen by ten feet and, like all the buildings, are well insulated.

Robert studies a week’s menus. Suppers have a minimum of two proteins, two starches, two vegetables, and one dessert, as well as the baked dessert tray. Other lunch and dinner options have three salads and vegetable, cheese, and pickle trays. Some menu items this week include rosemary chicken schnitzel, halibut fillet, roast beef, and barbequed T-bone steaks. A highlight dessert is apple, raspberry, and pear cobbler. Well-fed workers do a good job, and there are no complaints about meals here.

Before dinner, Diane Pohl puts on a fire drill conducted by the Matrix Aviation crew. Fire is a danger in such isolated locations. A small fire is set in a clearing in a forty-five-gallon oil drum. There is a 1,000-foot fire hose ready laid and the pump is on a small pond. Within a couple of minutes it is jetting water, and other workers come running in with portable hand pumps. One is David Carrier, who comes from Marten Falls First Nation. He is a burly man able to do a lot of physical jobs around the camp and is pleased to be able to save money in the camp environment.

Sheldon Inwentash is a major investor in the Ring of Fire area. He adds a cautionary note: “Until you have a number of these deposits that can carry the burden of infrastructure, it’s way too early to talk about mining.” No one argues the truth of this observation, but about twenty companies are staking big money that the size of the deposits will prove much larger in time with more drilling. Two companies that were in the play from the very beginning and pooled their efforts for a while are Spider Resources and KWG Resources; Freewest Resources has also been involved in a joint venture.

Spider president Neil Novak has been working in the James Bay Lowlands for a long time and stated once that, “Somebody told me my name is attached to about fifteen different kimberlites and a whole bunch of massive sulphide deposits.”

Leaving the diamond hunt for another time, Novak’s company acted on an initial report by consulting geologist Dr. Jim Franklin that indicated the area was geologically similar to the Mattagami Lake camp and offered areas for drilling and further study.

Since 2003, Spider has done much airborne and electromag work and its prime Big Daddy discovery has had close to seven kilometres of drilling, with massive chromite as the fruit of these labours. In 2009, more drilling and fieldwork was shared with KWG Resources. The work is being carried out from its camp not far from that of Noront Resources. In addition, certain aspects of the work are joint ventures with Freewest Resources, in effect sharing the massive financial load.

Frank Smeenk is from the Netherlands but his affable manner and dress is more reminiscent of an English country gentleman. Over an expansive lunch at Hy’s Steak House in Toronto, the former lawyer points to a successful deal with Cliffs Natural Resources as a boon to KWG, not only for its investment in the company but its reputation in the resource field. Some people have accused Smeenk of being a dreamer, but at least he dreams big. While other companies talk of government’s direct involvement in road building to the Lowlands, perhaps allied with current First Nations plans, Frank Smeenk envisions a railway to open up the area.

He feels that the Ontario Northland Railway would be a candidate for the job and does not flinch when suggesting such a project might run to $660 million. He ponders that a right of way would have to be accessed by the time-honoured method of staking claims, in this case along a line northeast.

Mac Watson, the Freewest Resources president, is a veteran of the mining game with viable projects all across Canada. His company has done well with its Black Thor and Black Label chromite zone in the McFauld’s Lake vicinity northeast of the Eagle discoveries. Freewest’s nickel, copper, and chromite grades are similar to those of Noront. Again, costs are shared by joint ventures with other companies. Watson has mentioned that chromite is not well known as a mineral resource, and more work needs to be done to bring its applications and potential to the public eye. Industry watchers will be aware of Freewest’s active drilling and groundwork.

Several junior mining companies have interests in the Ring of Fire area. A few are active on the ground while others are providing funds in joint ventures with other companies actually working in the area. White Pine Resources has established a camp northeast of the Noront position at Richards Lake. White Pine has joint ventures with Noront, MacDonald Mines, Metalex Ventures, and Golden Valley Mines. Among ten other juniors with interests in the McFauld’s Lake area is Canadian Ore Bodies, which has its own camp and is backed by Hemlo discoverer Don McKinnon.

The Ring of Fire discoveries have been likened to the potential of the Voisey’s Bay nickel play in Labrador. There is no doubt as to the wealth of polymetallic minerals in this James Bay Lowlands area. An even bigger challenge than the search to extend present knowledge of the fortune waiting below ground is a means of bringing it to market.


FANTOMAS

[Fantomas96]

PinnacleDigest Bericht über den RoF:#

The Ring Of Fire... Exposed

Dear member,
Our team has had an overwhelming request to review the area known as the 'Ring of Fire' and the companies which operate within it. Enjoy.


In the summer of 2007, before the market crash, when mining, finance and the markets as a whole were flirting with record highs and speculation was rampant, one company captured the hearts of investors from around the world. The story originated within McFaulds Lake, also known as 'The Ring of Fire' which lies within the James Bay Lowlands region located in Northern Ontario, Canada. Noront Resources was and is at the core of all development in McFaulds Lake. Noront picked an ideal time to report 2 drill holes that would change the lives of hundreds and eventually thousands of geologists and investors.

Let us put on record that none of us at Pinnacle have owned or plan to own shares in Noront or any other companies operating in the 'Ring of Fire'. We are simply documenting a story from which much can be learned about speculation, timing and how a little bit of hope can go a long way in this business.

Below is a chart documenting Ferrochrome's (the Ring of Fire's initial and main target) timely rise in price per pound.






In the chart above, you can see the price peaking around late '07 and early to mid '08 at $2.50 per pound. At that time demand was surging for ferrochrome which is used to make ferroalloy, which in turn is used to make stainless steel. This demand was leading to a severe shortage of chromite. Ferrochrome production for metallurgical applications uses up more than 90% of the world's chromite output of roughly 19 million tonnes per year. It was a perfect commodity to spark excitement and turned out to be the tip of the iceberg in respect to what minerals existed at McFaulds Lake.

The story starts with a company named De Beers Canada. You may have heard of them as they are one of the largest diamond miners in the world and famous for discoveries in Northern Canada. In the late 1980s' De Beers Canada Inc. had made a significant diamond discovery at its Victor Project which is between McFauld's Lake and the fly-in community of Attawapiskat on James Bay. This was inspiration for a man named Neil Novak, a geologist, to start prospecting the area vigorously. Neil began working with Spider Resources to explore for more diamond-bearing kimberlites between 1992 and 1997 in the McFauld's Lake region. He had little luck.

During this time, in 1995, Spider entered into a joint venture agreement with KWG Resources and De Beers. In November of 2002 this group of companies drilled a geophysical anomaly near McFauld's Lake which encountered volcanogenic massive sulphide (VMS) containing copper and zinc. This sparked the first claim staking rush in the area, which turned out to be nothing compared to what was coming.

Key Fact: Neil joined the Noront Resources board in the same year, 2002.

After years of geophysical studies and exploration, in late summer of 2007, Noront released its Eagle One discovery of magmatic massive sulphide which contained nickel-copper and precious metals to boot. It was an exciting and unique discovery as there were so many minerals involved with such high grades and most importantly, the mineralization began at surface; a deadly combination for any prospective mine. This discovery started the second staking rush at McFaulds Lake and would prove to be one of the biggest in Canadian history.

In mid-August Noront reported two drill holes which had impressive copper sulfide mineralization. Shortly thereafter, Noront announced that it had found diamond, nickel, copper, platinum, and palladium a few meters below the surface. Noront called it the Freewest Black Thor chromite prospect which had an estimated 2 km strike length, a depth of 200 m and a 40 m width containing an estimated 72 megatonnes of chromite ore (42% Cr2O3). The frenzy was on. Geologists and prospector began flying in from all over the world.

On the 27th of August, one day before the news was released, Noront shares closed at $0.395 on less than 40,000 shares traded. The next day, after the news was released, it traded over 7 million shares and within days was trading over $4 per share as investors happily outbid one another, paying anything to have a piece of the new darling of the TSX Venture. By Oct 26th 2007 the stock had hit $7.05 per share and had provided a couple thousand percentage points for those early investors. Over the next few months the stock started slipping and eventually fell out of favour as investors began to evaluate the logistics of the project and the looming market crash moved closer. Noront shares now trade around $1.70.

Shortly after Noront's discovery, numerous companies joined the parade and attempted to ride the wave of being guilty by association in respect to location. Some were already in the 'Ring of Fire' but many had immediately booked flights shortly after the news had broken to attempt to stake anything near the find. In any rush, be it uranium or rare earth metals or gold etc., you have latecomers just hoping to go along for the ride and catch the influx of investment into that region.

Our team at Pinnacle remembers the rush well. Having not been involved, we judged it as being too good to be true and focused our energy on undiscovered or underappreciated deposits and companies. With that stated, one could not deny the attention and hype surrounding this find. It had this gravitational pull aspect that told you, as an investor, you just had to be involved. Thousands of junior resource investors across the continent jumped on the train, buying shares across the board in companies operating in the 'magical' Ring of Fire.

Now that we have told you the history of this prolific region, let's look at what has happened since and the chances of the companies still operating in the 'Ring of Fire'.

Location:

The location of the 'Ring of Fire' is, in our opinion, its 'Achilles heel'. The 'Ring of Fire' is located in the Kenora District, approximately 500 kilometres northeast of Thunder Bay. It is roughly 70 km east of Webequie and due west of the Victor Diamond Mine which is near the Attawapiskat River west of James Bay. Basically, it is located in the middle of nowhere. No roads, just plenty of lakes and sub zero temperature for 8 months of the year. The 'Ring of Fire' is a long way from any immediate infrastructure, such as power, roads, electricity or any reasonable workforce.

Aboriginals:

Whenever a deposit is discovered in Canada the first thing many investors and geologists ask is: How close is it to a sizeable aboriginal community or aboriginal land?

The nearest First Nation communities to the 'Ring of Fire', Webequie and Marten Falls, were quite a few kilometers away and management of all companies involved portrayed that it was nothing to worry about in 2007 and 2008. Neil Novak, CEO of Spider Resources and Director of Noront stated in early 2008 that, "We've got very good rapport with both communities."

In January 2010, a group of activists from the nearby Webequie and Marten Falls First Nations set up a blockade on the landing strips at Koper Lake and McFaulds Lake. The aboriginals were angry over a lack of consultation. This group prevented planes from landing in the area until the mining corporations agreed to address community concerns such as the construction of an airport and ending the use of the frozen Koper Lake and McFaulds Lake as landing strips. Stocks fell and management of these companies scrambled to control the PR disaster which was settling over their mining camp.

Finally, the native groups ended their blockade on March 19, 2010, with the admonition that they will resume the action if their concerns are not addressed by the mining companies within six months. Noront didn't wait long to address the situation as news was released on Tuesday of this past week that supplies and fuel had been flown in and drilling was set to resume immediately. This is great news for everyone invested in the 'Ring of Fire'.

Infrastructure:

Right now there isn't very much at all. In an interview sometime in 2008, Neil Novak, a man with more than 20 years experience in the James Bay Lowlands area and over 32 years experience as a qualified geologist made some interesting comments. He stated that, "If Noront has a mine that means the logistics of the area have been overcome."

Everything, in our opinion, hinges on Noront's success and access to infrastructure.

Noront either has to be bought out by a major, raise the money themselves or attract a massive private investor to fund a long term multi-billion dollar operation. It is our belief that mines and deposits closer to roads and significant infrastructure have a higher chance of being financed. In many cases, less risky projects are more likely to be brought on to production.

Noront came out with news this past Tuesday stating that it is currently finalizing contracts and the scope of work for a feasibility study on the Eagle's Nest project. The feasibility study will be focused on early production and revenue from the initial development of the Eagle's Nest deposit. The stock was up over 5% on the news.

In these types of staking rushes it is almost always the first company and the biggest company that attracts the most investing dollars. Whoever found it first will likely have staked the majority of all the land it needs. The late comers stake what's left and are dependent on the sentiment towards the area and the success of the original company which made the find.

We hope Noront can prove that a mine is possible in the 'Ring of Fire' as it will help set the stage for other juniors in the region to find success.

McFaulds Lake and the 'Ring of Fire' won't be the last staking rush in Canada's mining history - that you can count on.

Our team completed this breakdown of the 'Ring of Fire' due to an overwhelming amount of requests by our members to cover this prolific region. If you would like our team to focus on any other regions you are currently invested in, please feel free to send us a quick email ([e-mail]) regarding the area. As well, follow up questions to this report are always welcomed.

All the best with your investments,


PINNACLEDIGEST.COM





PinnacleDigest.com is an online financial newsletter owned by Maximus Strategic Consulting Inc. We are focused on researching small-cap and large-cap public companies. This material is not an offer to sell or a solicitation of an offer to buy any securities or commodity. All statements in this report, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the companies mentioned expect are forward-looking statements. PinnacleDigest.com is an information service for investors and traders, and is neither a recommendation nor an offer to buy or sell securities. PinnacleDigest.com is not a broker or an investment adviser, and is not acting in any capacity to influence the purchase of any security. Maximus Strategic Consulting inc., owner of PinnacleDigest.com, its officers, directors, employees, and consultants shall not be liable for any damages, losses, or costs of any kind or type arising out of or in any way connected with the use of its products or services. PinnacleDigest.com is not responsible for any claims made by any of the mentioned companies. You should independently investigate and fully understand all risks before investing. Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, has been paid $40,000 Canadian dollars plus gst for advertisement coverage on Fire River Gold Corp. The company (Fire River Gold Corp.) has paid for this service. The service includes but is not limited to the creation and distribution of reports written by PinnacleDigest.com as well as display advertisements about the company on our website. We purchased shares of Fire River Gold after our coverage began on the company.We intend to sell every share we purchase of Fire River Gold Corp. for our own profit. We may sell all of our shares without notice to our subscribers. Since our coverage began on Fire River Gold we have bought shares in the company and sold shares in the company but still maintain a stock position in the company. We may purchase more shares of Fire River Gold without notice to our subscribers. Maximus Strategic Consulting



FANTOMAS

[Fantomas96]

Die Eisenbahn zum RoF (Danke Helium!):






FANTOMAS

[Fantomas96]

http://www.republicofmining.com/2010/04/15/pdac-2010-%E2%80%…


PDAC 2010 – Ring of Fire and the Rebirth of Ontario Mining – by Stan Sudol


The mood at the annual Prospectors and Developers Association of Canada convention in Toronto was definitely more upbeat and promising. As the world’s major economies start to recover from last year’s market crash and the collapse of commodity prices, most observers agree that China’s insatiable appetite for metals will continue.

The recent announcement of China’s Jinchuan Group Ltd.’s $150 million offer to buy Canadian nickel junior Crowflight Minerals and the announced merger between Quadra Mining Ltd. and FNX Mining Company Ltd. confirms that the metallic meltdown is over.

Interestingly enough, if Jinchuan’s takeover succeeds, it will give the Chinese government a small foothold in the Sudbury Basin. Crowflight owns or has under option about 800 square kilometers of advanced-stage base metal exploration properties in this region, the Thompson Nickel Belt as well as the Bucko Lake Nickel Mine, both in Manitoba.

Without a doubt, Ontario’s mining sector was one of the top discussions at this year’s PDAC. The Ring of Fire mining camp, located in the muskeg swamps of the James Bay lowlands, 500 kilometres northeast of Thunder Bay, has almost single handedly heralded the rebirth of Ontario mining industry.
“For the 21st century, the discovery of chromite in the Ring of Fire could be as big as the discovery of nickel was in Sudbury in the 19th century. We are fully committed to working with Aboriginal Peoples and northern Ontarians to build on the Ring of Fire’s potential,” the recent Ontario Budget speech boldly claimed.

Tentative plans by Cleveland-based iron ore producer, Cliffs Natural Resource, call for a $1.3 billion investment including a concentrator, ferrochrome processing facility and a $600 million, 350 kilometre rail line in the north. Chromite, when smelted into ferrochromium alloys, is used in the production of stainless steel. There are no chromite mines in North America.

Thousands of construction jobs and promise of full-time employment for many Aboriginal communities in the north are welcome news to a region and province facing high unemployment and record budget deficits.

Not since the heady gold-rush days of the Hemlo discoveries in the early 1980s, has a mining development so influenced Ontario economics and politics.

At a luxurious mining gala held at the Fairmont Royal York Hotel – the mining sector’s version of the Academy Awards – the five men responsible for the Ring of Fire were given the prestigious PDAC Prospectors of the Year Award.

John D. Harvey, mining consultant, Donald Hoy, former Freewest’s VP Exploration, Richard Nemis, previous President and CEO Noront Resources, Neil D. Novak, President and CEO Spider Resources and Mac Watson, former Freewest President and CEO were recognized for the significant base-metals and chromite discoveries in northern Ontario’s Ring of Fire.

Sudbury-born Richard Nemis says, “My heart will always belong to northern Ontario. It gives me great pleasure to see the potentially enormous economic boost the Ring of Fire discovery will have on the north, on Aboriginal communities and hopefully, on Sudbury’s world-class mining supply and service industry.”

Nemis is an ardent Johnny Cash fan and he was the promotional genius who nicknamed the discovery “Ring of Fire.” The area has the unique shape of a broken circle or crescent while the original deposits were the result of magma or molten rock from huge volcanic action.

He continues, “In fact, I think the Ring of Fire will rival the Sudbury basin and the economic impact of this discovery on the Ontario economy will probably run into the hundreds of billions of dollars over time!”

Next day at the PDAC Aboriginal Forum, Assembly of First Nations Yukon Regional Chief Eric Morris said, “In my territory, the Yukon First Nations are involved with the mineral resource industry in many capacities, ranging from partnership in mining operations to the creation of new companies that service the industry.”

At the same forum, Michael Gravelle, Ontario Minister for Northern Development, Mines and Forestry said, “I’m glad to see so many of you here today because the PDAC is an excellent venue for fostering collaboration. …I think we all understand that there is a huge opportunity here. The industry can be a catalyst for an economic revival in many of our Aboriginal communities while developing superb mineral deposits.”

Minister Grevelle mentioned that more that 60 agreements between mining companies and First Nations and Metis have been signed and more are in the works. There was a sense at this year’s PDAC that the tide is turning in the relationships between Aboriginal communities and the mining sector.

The conflict between Platinex Inc. and the Kitchenuhmaykoosib Inninuwug First Nation (KI) over the Big Trout Lake Property was the exception, not the rule. The province recently settled outstanding lawsuits. Of course the southern media highlighted the conflict which allowed environmentalists to infer that Aboriginal communities were anti-mining.

For over a century, the Federal government has not kept promises with First Nations and has not been able to alleviate the third-world poverty in most Aboriginal communities. Over the past two decades, success stories like De Beers Canada’s Attawapiskat diamond mine and Goldcorp Canada’s Musselwhite gold mine, both in the same region as the Ring of Fire, have proved that the mining companies do what they say and keep their promises.

However there is still much work and negotiating to be done and the mining sector cannot single-handedly wipe out all poverty, but the industry is working hard to ensure that Aboriginal communities gain enormous benefits from these developments.

The announcement of a new nickel/copper/PGM deposit by FNX at its Victoria Property, on the western side of the Sudbury Basin was much needed good news for a community in the middle of its longest labour strike ever. The Victoria deposit has the potential for 10-20 million tons, would take four to five years to build and employ about 250 workers. FNX will continue with it exploration drilling for another 12 to 18 months before deciding to develop the deposit.

This new discovery is an offset dyke, part of the larger Worthington offset dyke which is also seeing the development of the Vale-Inco Totten offset deposit that contains about 7.5 million tones. The Xstrata Nickel’s Nickel Rim South mine has about 15 million tons of contact and footwall ore. The Copper Cliff offset dyke hosts four or five mines including the new Vale Inco Kelly Lake development. Since the Worthington dyke has not been as well explored as the Copper Cliff offset there is exciting potential for more discoveries.

So FNX Chairman and CEO Terry McGibbon had a big smile on his face as he was giving Laurentian University’s new President, Dominic Giroux a personal tour of the PDAC convention.

MacGibbon said, “The Sudbury Basin is a unique geological feature, which has produced or has mineral reserves worth more than a trillion dollars at today’s metal prices. Touring the PDAC today with Dominic, I wanted to highlight the size of global mining industry.”

MacGibbon continued, “Our discussions focused on the potential role that Laurentian University can play in bridging the well documented shortages of geologists, engineers, environmental professionals and other staff for the mining industry.”

At age 34, Dominic Giroux is the youngest university president in Canada and has publicly committed to making Laurentian and Sudbury a high profile destination for students from Ontario and the world.

Giroux said, “Touring the PDAC conference with Terry provided me with a unique opportunity to learn more about the emerging trends in mineral exploration and mining, but also to ask industry representatives how could Laurentian add even more value in meeting their education and research needs. … I would envision an eventual International Faculty of Mining at Laurentian.”

On the last day of the convention, Don Coxe, the well-respected, strategic advisor for BMO Financial Group and an ardent believer in the commodity super-cycle gave a lunch speech on the incredible potential and need for Canada’s junior mining sector.
Coxe said, “I can’t think of a better career in the next 25 years than geology. …To anyone coming in, what you will be tying yourself into is the hinge of history itself, where two billion people move from the outside to the inside and they can’t do it without you.”

He was referring to the industrialization and urbanization of China and India that will impact billions and the insatiable demand for mineral products to meet their growth.

The “hinge of history” could just as well refer to the rebirth of mining in northern Ontario and the enormous opportunities for Laurentian University to train the next generation of skilled mining professionals and for Aboriginal communities to fully participate with the mineral sector in the environmentally sustainable development of their traditional lands.

Stan Sudol is a Toronto-based communications consultant who writes extensively on mining issues. www.republicofmining.com



FANTOMAS

[Fantomas96]

Und hier die Online-Version der aktuellen Resource World Magazin Ausgabe (mit Ring of Fire Titelstory und Beauce Region):

http://www.resourceworld.com/online/Vol8_Iss5/


Viel Spaß beim Lesen.

FANTOMAS

[Fantomas96]

Vielleicht nur "Verschwörungstheorien" eines deutschen Kleinaktionärs, oder findet hier noch jemand die jüngsten Ereignisse im RoF etwas "seltsam" ?

1. Fancamp

Der erst kürzlich als Direktor verpflichtete Mac Watson (ehemals CEO Freewest und nun mit Cliffs "verbändelt"), verläßt nach einem kurzen Intermezzo Fancamp wieder.

http://biz.yahoo.com/ccn/100520/201005200609803001.html?.v=1

Danach sagt Fancamp die jüngste Finanzierungsrunde ab:

http://biz.yahoo.com/ccn/100521/201005210610058001.html?.v=1

Und das, nachdem man bereits kurz vor der vollständigen Zeichnung gestanden haben soll und das RoF Bohrprogramm in vollem Gange ist (16 Bohrungen in geringer Tiefe sollen bereits durchgeführt worden sein).

Das sind schon ungewöhnliche Umstände.
Hat man etwas Interessantes gefunden und wartet auf Ergebnisse, um dann eine bessere Finanzierung durchführen zu können ?
Gibt es einen möglichen Interessen-Konflikt mit der Person Mac Watson und Cliffs ?

Oder gab es schlicht zu wenig Interesse und Mac mochte Fancamp doch nicht so sehr ?

Wäre da nicht dann noch eine weitere ungewöhnliche Meldung einer RoF Company:

2. KWG

Die Firma ist bereits mit Cliffs "verheiratet", Cliffs hält über 10% an KWG.
Und man hat mit der Canada Chrome Corporation eine Firma zur Vermarktung der gemeinsamen Chromfunde gegründet.

Nun ist der bisherige Direktor aus Cliffs Reihen (Richard P. Fink) bei KWG ausgestiegen (kurzfristige Eigen-Kündigung am Freitag):

http://biz.yahoo.com/cnw/100524/kwg_appoints_director.html?.…

Warum diese überhastete Entscheidung, wo Cliffs doch extra ein Board-Platz nach der Beteiligung an KWG eingeräumt wurde ?

Sollten hier etwa auch Interessen-Konflikte anstehen ?

Dies wäre bei einer möglichen Übernahme von KWG durch Cliffs der Fall.

Oder hat Mr. Fink etwa auch die Firma KWG nicht mehr gefallen ?

Eine weitere "seltsame" Entwicklung, oder ?

Und hier kam dann auch heute die Bestätigung eines Übernahmeversuchs:

http://biz.yahoo.com/prnews/100524/to843.html?.v=3

Für mich sind das alles eindeutige Zeichen, dass die Schlagzahl im RoF in den nächsten Wochen wieder stark zunehmen wird.

Es wird ein interessantes Jahr 2010 für den Ring of Fire !

FANTOMAS

[supernova1712]

Antwort auf Beitrag Nr.: 39.576.264 von Fantomas96 am 24.05.10 23:32:58

"Verschwörungstheorien" eines deutschen Kleinaktionärs

Dann sind wir schon mindestens zwei, Fantomas!
Diese auffällige Häufung "ungewöhnlicher" Ereignisse ist mir ebenfalls aufgefallen.

Schaun mer mal...

Freundliche Grüße
supernova

[Fantomas96]

Wer nach dem Spruch "Follow the BIG money" handelt und am Ring of Fire interessiert ist, sollte sich mal die Investments eines der reichsten Kanadier und seiner Firma Pinetree Capital ansehen.

Per 31.12.2009 hielt Sheldon Inwentash direkt oder indirekt über Pinetree folgende Aktienpakete an RoF-Firmen:


Investments as at December 31, 2009

MacDonald Mines Exploration Ltd. (BMK:TSXV)
16,000,000 common shares
3,075,000 warrants expire Oct 29, 2011

Noront Resources Ltd. (NOT:TSXV)
4,138,700 common shares

Probe Mines Ltd. (PRB:TSX-V)
5,092,500 common shares
500,000 warrants expire Feb 2, 2012

Tribute Minerals Inc. (TBM:TSX-V)
9,450,000 common shares
1,000,000 warrants expire Jun 24, 2011
2,500,000 warrants expire Dec 21, 2011

Goldeye Explorations Ltd. (GGY:TSXV)
11,301,000 common shares
1,250,000 warrants expire Aug 12, 2010
1,000,000 warrants expire Dec 16, 2011

Temex Resources Corp. (TME: TSXV)
9,000,000 common shares
440,000 warrants expire May 26, 2011

UC Resources Ltd. (UC:TSXV)
12,551,500 common shares
500,000 warrants expire Feb 15, 2011
1,250,000 warrants expire Mar 9, 2011
500,000 warrants expire Aug 26, 2011


In 2010 recherchiere ich gerade noch nach aktuellen Investments.

Dennoch schon mal ein guter Anhaltspunkt.

FANTOMAS

[Fantomas96]

Neben TBM und EAG (nicht RoF) hat jetzt das "Dream Team" Richard Nemis und John Harvey wieder mal im RoF "zugeschlagen".

Richard Nemis ist zum President und CEO von Bold Ventures ernannt worden:


http://finance.yahoo.com/news/Bold-Ventures-Inc-Announces-cc…


Bold Ventures Inc. Announces New Directors, Richard Nemis, John Harvey, David B. Graham and Jim Glover
.
Companies:BOLD VENTURES INC..Related Quotes
Symbol Price Change
BOL.V 0.28 +0.03


{"s" : "bol.v","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Bold Ventures Inc. On Wednesday August 11, 2010, 2:40 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2010) - Bold Ventures Inc. (TSX VENTURE:BOL - News; "Bold" or the "Company") and Gary F. Zak announce that Bold's Annual General and Special Meeting of shareholders ("ASM") took place on August 4, 2010. The shareholders elected the six nominees of Management whose names are set forth below. In addition, shareholders approved all other matters which were submitted with the proxy materials for approval at the ASM, including the new appointment of Sievert and Sawrantschuk LLP as auditors of the Company, the approval of the continuance of the Company from British Columbia to Ontario, the approval of the Articles of Continuance and the adoption of a new general by-law.


The following Directors were elected to the Board for the ensuing year: Richard Nemis John Harvey, P.Eng David B. Graham, Jim Glover Jerry L. Bulman Gary F. Zak
The following individuals were subsequently appointed August 9, 2010 as officers and Committee members of the Company:


Richard Nemis President and CEO John Harvey Chief Operating Officer David B. Graham Executive Vice President Amy Stephenson Chief Financial Officer Jim Glover Audit Committee (Chairman), Compensation Committee Jerry L. Bulman Compensation Committee (Chairman), Audit Committee Gary F. Zak Audit Committee
The Company would like to acknowledge the contributions, support and dedication to the Company from William E. Schmidt, Ken Phillippe, Chad Belenky and Derrick Strickland and thank them for their dedication.

Gary Zak stated, "We are very pleased and excited to have Richard Nemis and his dynamic exploration team head up the Company at this time. Their collective expertise, energy and exploration drive for discovery is encouraging news for all shareholders".

Backgrounds of Directors and Officers:

Richard Nemis

Mr. Nemis was born in Sudbury, Ontario Canada 1938, graduated St. Charles College, Sudbury, Ontario, University of Ottawa and Osgoode Hall Law School and called to the bar in the province of Ontario as Barrister and Solicitor in 1968.

He practiced law continuously until approximately 1995, in the field of corporate, commercial and securities law. Mr. Nemis established Noront Resources Ltd. in 1983 and continued to act in a senior management position as President and CEO.

In the fall of 2008 he was named Chairman Emeritus of Noront in recognition of his contributions to the company's success which included the discovery of "The Ring of Fire" McFaulds Lake area, north eastern Ontario. In 2010 Mr. Nemis was a co-recipient of the Bill Dennis Award for a Canadian discovery for prospecting success by the Prospectors and Developers Association at its annual convention held in Toronto, Ontario.

Over a forty year span, Nemis is and has been associated with numerous resource companies.

John Harvey

Mr. Harvey received a Bachelor of Science from the University of New Brunswick in 1959. He received his P. Eng designation in 1964. Mr. Harvey has been active in the mining industry since 1955. Recently he has worked as V.P. Exploration for United Carina Resources, Prospectors Alliance Corp., Western Copper Holdings Limited and Prime Equities Inc. Mr. Harvey was Sr. V.P. of Exploration for Noranda Inc. from 1982 to 1994 and most recently COO of Noront Resources Ltd. Mr. Harvey runs his own geological consulting firm.

David B. Graham

David Graham received a B.Sc. from the University of Waterloo in 1983. Since 1986 he has been President of R. Bruce Graham and Associates Ltd., a natural resource management and mining consultation firm that was founded in 1956. David has been actively involved in all phases of the mineral exploration industry from early stage to pre development projects. With over thirty years experience, Mr. Graham has been a director and or a senior officer of a number of private and public companies. Most recently, he was Director (October 2006 until October 2008) and Vice President-Special Projects (until January 2010) for Noront Resources Ltd. Previous to this Mr. Graham was a Director, President and CEO of Normiska Corporation (January 1997 until April 2007), an industrial mineral and materials manufacturing and sales company.

Jim Glover

Jim Glover is an Assurance Partner in a midsized CA firm in Toronto which acts as auditors for Canadian and U.S. public companies. He articled with a national firm.

Jim's public practice experience is mainly with companies involved in the mining, manufacturing and distribution sectors. He has been engaged in the audits of exploration and development companies for over thirty years.

Jerry L.Bulman

Mr. Bulman is the CEO and founder of Parkvalley Consulting Ltd, a private company based in Calgary, AB that provides consulting services to the resource sector. With over 30 years of senior management experience, Mr. Bulman has been involved with the exploration and development of a diverse range of projects. These include oil & gas, coal bed methane and oil sands developments, as well as several projects in the mining sector. In addition to his duties as CEO of Parkvalley Consulting Ltd, Mr. Bulman is Director of Galena International Resources Ltd. Mr. Bulman currently provides Senior Consulting services to two major international energy companies in support of their Arctic and North American frontier exploration operations

Gary F. Zak

Mr. Zak has been active for the past 28 years providing Business Development management to public resource companies. He has extensive experience in funding early stage companies, organizing management, corporate and investor relations groups and has successfully completed several mergers and acquisitions. Mr. Zak has occupied senior management and/or Directorship positions in various companies, including: Green Bull Energy Inc., Passport Metals Inc., Forum Uranium Corp., Alto Ventures Ltd., and Beaufield Resources Inc.

Amy Stephenson, MBA, CFA

Amy Stephenson has over twenty years as an experienced corporate finance professional. Ms. Stephenson has provided accounting, finance, compliance, independent valuation and strategic advice to mining and exploration companies internationally.

The Company also wishes to announce that an aggregate of 1,200,000 options to purchase common shares of the Company at $0.25 per share for five years have been granted to the Company's directors, officers and employees.

On behalf of the board of directors of Bold Ventures Inc.

Gary F. Zak, Director

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.

Contact:
Gary F. ZakBold Ventures Inc.Director(416) 864-1456www.boldventuresinc.com

[Timesystem1002]

Antwort auf Beitrag Nr.: 39.977.562 von Fantomas96 am 12.08.10 23:06:22

Fantomas

sorry für die Frage, warum "Dream"Team.. und für welche Ausrichtung steht die neue Firma
bzw. was erwartest Du?

[Fantomas96]

RING OF FIRE CHIEFS INVITED TO JOIN CANADA CHROME BOARD


http://finance.yahoo.com/news/RING-OF-FIRE-CHIEFS-INVITED-cn…


Symbol on TSX Venture Exchange: KWG
Shares issued and outstanding: 623,458,941

MONTREAL, Canada, Jan. 18 /CNW/ - KWG Resources Inc. (CDNX:KWG.V) has extended invitations to the Chiefs of five First Nations in the Ring of Fire area to join the Board of Directors of its subsidiary Canada Chrome Corporation ("CCC").

"Late last year we advised Chiefs Elijah Moonias, Cornelius Wabasse, Sonny Gagnon, Roy Moonias and Lewis Nate that there appeared to be technical and economic merit to proceeding with a feasibility study of the railroad for which we have staked a right-of-way and sampled soil profiles," said KWG President Frank Smeenk. "Should subsequent development ensue which physically affects their traditional lands, there must first be prior consultation and accommodation, as is well understood by all constituencies. The entire Matawa family of First Nations is enthusiastic to see these developments progress. To facilitate and expedite the process, we felt that the extensive consultation necessary could be most effectively undertaken by having the leading members of the five most directly impacted communities participate in the corporate planning from the outset. In this way those who are most affected by these hoped-for developments can become the proponents of them."

Golder Associates were retained by CCC to conduct testing of the soil profiles from samples taken last winter at 1000-foot intervals along the length of the potential right-of-way. The voluminous data generated from these tests will be incorporated into a design and construction model being prepared by Krech Ojard & Associates, the railroad engineering firm retained by CCC. Estimates for embankment construction may then be combined with estimates for bridge construction to determine a potential total cost estimate and possible construction timetable in a preliminary feasibility study. Such a preliminary study would describe the economic parameters and environmental issues that must be considered in the consultation process.

KWG also advises that its Board of Directors has awarded options to purchase 11 million treasury shares at $0.10 each under the provisions of the Company's Employee Incentive Stock Option Plan. Of the total awards, 2.5 million were allocated to employees and consultants of the Company and of its subsidiaries, 2.5 million to directors, 2.5 million to directors who are also officers, and 3.5 million to officers of the Company and of its subsidiaries. The options vest over a period of 18 months and are exercisable over a period of five years.

The Company has also extended the completion of its previously announced private placement of flow-through shares to January 31, 2011.


FANTOMAS

[Fantomas96]

Der Ring of Fire wird mit Hilfe der Regierung entwickelt.

Hier ist ein Video, in dem Michael Gravelle, der "Minister für die Entwicklung des Nordens", nochmal deutlich macht, dass in Kürze ein "Wachstumsplan" für die Region veranschiedet wird:

http://tbnewswatch.com/video/21071/Growth-Plan


FANTOMAS

[Fantomas96]

Ein weiterer Meilenstein im Ring of Fire:

das erste "high carbon ferrochrome" aus dem Big Daddy Chromvorkommen wurde von Xstrata produziert !


http://finance.yahoo.com/news/XSTRATA-LAB-MAKES-CANADA-S-cnw…


XSTRATA LAB MAKES CANADA'S FIRST CHROME FROM BIG DADDY



FANTOMAS

[HeinzBork]

Langsam kommt Bewegung rein

Cliffs Natural Resources Releases Northern Ontario Chromite Project Information to Facilitate Stakeholder Discussions

February 3, 2011 7:30 PM EST

CLEVELAND, Feb. 3, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today, in connection with its ongoing discussions with stakeholders, released preliminary project information for potential development of its Black Thor chromite deposit in the McFaulds Lake or Ring of Fire area of Northern Ontario.

(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )

Cliffs Chromite Project involves the largest known North American chromite deposit, located in one of the most remote areas of Ontario, the Far North. Exploration to date has consisted of geophysics and diamond drilling to delineate the Black Thor chromite zone. The current inferred mineral resource estimate indicates the Black Thor deposit contains approximately 69.5 million tonnes at a grade of about 31.9% Cr2O3.

The project information released today presents a 'base case,' which reflects one set of realistic options for the major inter-related components of the project – from mining of the chromite ore to ferrochrome production. These 'base case' project components do not necessarily represent the final design, location or scope of the project. During the course of prefeasibility, feasibility and detailed design studies, other viable options may be identified and considered.

"Cliffs is currently conducting pre-feasibility studies to more accurately determine the viability of this project," stated Bill Boor, President, Ferroalloys. "Our work has progressed to a point that enables more detailed and meaningful stakeholder discussions that will impact our decisions about the project."

The 'base case' includes the following major inter-related components:

* An open pit chromite mine with associated housing and other proposed infrastructure located at the site. The mine may transition to underground mining in 10 to 15 years after mining begins. Further testing and mine planning is required to determine the timing of a transition to underground mining.

* An ore processing facility to produce concentrate and associated load-out facility located at the mine site.

* An integrated transportation system to link all project components. This transportation system will include a permanent all-season road to allow the movement of people, equipment, supplies, lump ore and concentrate to and from the proposed mine site and the existing Ontario rail infrastructure. The evaluation to date has included a comparison of road and rail options within several transportation corridors. The northern extension of Road 643 from Nakina has been identified as a realistic and viable option. Accordingly, an all-weather road in this corridor was included in the 'base case.'

* A ferrochrome production facility (FPF) utilizing closed electric arc furnaces to manufacture ferrochrome. The availability of a large, reliable, long-term and cost-competitive supply of electricity is a requirement for the FPF. Current estimates of the furnace requirements are approximately 300 MW. The Company has identified only a few places in Northern Ontario where this power requirement can be met. A brownfield site within the City of Greater Sudbury was identified as the 'base case' location for the FPF. Cliffs has plans to continue to meet with other northern municipalities, including Thunder Bay, Greenstone and Timmins, to continue discussing the potential of locating the FPF in their community.

"At current provincial power rates, there isn't a location in Ontario that is economically viable for Cliffs to build the FPF. Despite this, we have named Sudbury as the 'base case' location, which we believe is representative of a technically feasible site," said Boor. "The viability of an Ontario-based FPF and final selection of the location are still being evaluated."

The pre-feasibility study for this chromite project is expected to be completed by September 2011. If the pre-feasibility report is favorable, a full feasibility study would begin immediately afterward and is expected to be completed in late 2012.

"Assuming prefeasibility and feasibility studies are favorable, we expect to begin production in 2015," Boor noted. "In order to achieve this target, we will continue our discussions with First Nations, interested individuals and all levels of government. We continue to be very excited about the potential to develop this project for the mutual benefit of Ontario, the First Nations communities and Cliffs."

Conference Call

Cliffs will host a media-only conference call Friday, Feb. 4, at 8:00 a.m. ET to discuss the information. Members of the media only may participate in the call by dialing [phone] (for callers within the U.S.) or [phone] (for international callers) and referencing code 00366546 approximately 15 minutes prior to the call. A slide deck will be used during the call. Both the slide deck and the conference call can be accessed via the investor relations section of Cliffs' website, at www.cliffsnaturalresources.com. A replay of the call and the accompanying slides referenced during the call will be available on the website for approximately 30 days.

To be added to Cliffs Natural Resources' e-mail distribution list, please click on the link below:

http://www.cpg-llc.com/clearsite/clf/emailoptin.html

About Cliffs Natural Resources Inc.

Cliffs Natural Resources Inc. is an international mining and natural resources company. A member of the S&P 500 Index, we are the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia and a significant producer of high and low volatile metallurgical coal. With core values of environmental and capital stewardship, our colleagues across the globe endeavor to provide all stakeholders operating and financial transparency as embodied in the Global Reporting Initiative (GRI) framework. Our Company is organized through three geographic business units:

The North American business unit is comprised of six iron ore mines owned or managed in Michigan, Minnesota and Canada and six coal mines located in West Virginia and Alabama. The Asia Pacific business unit is comprised of two iron ore mining complexes in Western Australia and a 45% economic interest in a coking and thermal coal mine in Queensland, Australia. The Latin American business unit includes a 30% interest in the Amapa Project, an iron ore project in the state of Amapa in Brazil.

Other projects under development include a biomass production plant in Michigan and Ring of Fire chromite properties in Ontario, Canada. Over recent years, Cliffs has been executing a strategy designed to achieve scale in the mining industry and focused on serving the world's largest and fastest growing steel markets.

News releases and other information on the Company are available on the Internet at:

http://www.cliffsnaturalresources.com or

www.cliffsnaturalresources.com/Investors/Pages/default.aspx?b=1041&1=1

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This press release contains predictive statements that are intended to be made as "forward-looking" within the safe harbor protections of applicable securities laws. Although the Company believes that these forward-looking statements are based on reasonable assumptions, such statements are subject to risk and uncertainties. Specifically, this press release contains forward-looking statements regarding the Company's proposed development of its Black Thor chromite deposit and related mining, ore processing, transportation and ferrochrome production infrastructure, including, but not limited to, the preliminary schedule, the proposed activities and the Company's strategies and objectives, the receipt of approvals and permits in connection with development activities, the mining rate and mine life of the proposed project, and timing and estimates regarding future production. Any statements that are not statements of historical fact (including statements containing the words "believes," "intends," "will," "plans," "anticipates," "expects," "estimates" or similar expressions) should be considered to be forward-looking statements. Such forward-looking statements are based on current expectations and assumptions, including, but not limited to, the project being consummated on acceptable terms without undue delay; and that all necessary or desirable regulatory or other third-party approvals and consents are obtained on terms satisfactory to the Company.

Such forward-looking statements are also subject to risks and uncertainties, which could cause actual results to differ materially from such statements as a result of various factors, some of which are unknown, including, but not limited to, the results of pre-feasibility and any feasibility studies; the time required to consummate the proposed project; ability to achieve the strategic and other objectives of the proposed project; changes in project parameters; uncertainties involved in interpreting geological data; chromite ore and ferrochrome price volatility; the possibility of project cost overruns or unanticipated costs and expenses, labor disputes and other risks of the mining industry; problems with productivity; weather conditions; fluctuations in ore grade and tons to be mined; changes in cost factors, including energy costs, transportation, mine closure obligations and employee benefit costs; failure of plant, equipment or processes to operate as anticipated; impacts of regulatory compliance and changes in legislation; failure to receive required environmental permits and other regulatory or third-party approvals and consents; changes in market conditions; the price and availability of adequate energy; the outcome of contractual negotiations with significant energy, material or service providers; rejection of major contracts and/or venture agreements by customers and/or participants under provisions of the U.S. Bankruptcy Code or similar statutes in other countries; trends affecting the Company's financial condition, results of operations or future prospects; risks relating to fluctuating interest rate and currency exchange rates; ability to maintain adequate liquidity and the Company's ability to access capital markets; as well as those risk factors discussed in the annual information forms, annual reports and other public disclosure of the Company. Reference is made to the detailed explanation of the many factors and risks that may cause such predictive statements to turn out differently, set forth in the Company's Annual Report and Reports on Form 10-K, Form 10-Q and previous documents filed with the United States Securities and Exchange Commission, which are publicly available on the Company's website. The forward-looking statements contained in this press release are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. The forward-looking statements contained in this press release are made as of the date of this press release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, the Company does not undertake any obligation to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise.

SOURCE Cliffs Natural Resources Inc.

[Fantomas96]

Ein paar interessante Videos zur weiteren Entwicklung des Ring of Fire:

http://www.tbnewswatch.com/video/21163/Ring-Of-Fire-Developm…

http://www.tbnewswatch.com/video/21161/Energy-Plan


Und hier eine vierteilige Serie aus Kanadas "Global Toronto: Focus Ontario: Return to the RoF":

http://www.globaltoronto.com/video/index.html?releasePID=7J_…

http://www.globaltoronto.com/video/index.html?releasePID=_cd…

http://www.globaltoronto.com/video/index.html?releasePID=zGL…

http://www.globaltoronto.com/video/index.html?releasePID=Lui…


Die von Staat und Cliffs gestützte Entwicklung sollte allen RoF Firmen zugute kommen (über kurz oder lang) !

FANTOMAS

[Fantomas96]

Peter Koven, Financial Post

· Mar. 9, 2011 | Last Updated: Mar. 10, 2011 7:53 AM ET

Bill Boor knows he is in a tricky situation with the Ring of Fire, and that whatever decision he announces in the coming months will upset a lot of people.

“It’s a byproduct of what I think has been a pretty transparent approach that we’ve taken here,” the president of ferroalloys at Cliffs Natural Resources Inc. said in an interview at the Prospectors & Developers Association of Canada conference.

“You can be very transparent and try to work in good faith to come to the right answer, or you can keep your cards close to your chest, don’t get people excited and just slam an answer down, which I think is less likely to be optimal.”

Cliffs is leading development of the Ring of Fire, an ultra-rich source of chromite and other metals located in a very remote corner of the James Bay Lowlands in Northern Ontario. The provincial government views it as crucial for economic development in the North, where it is expected to become the next major Canadian mining camp.

As part of the development plan, Cleveland-based Cliffs needs to build a 300-megawatt ferrochrome production facility. According to Mr. Boor, it could be the single biggest power user in the entire province.

And that’s the challenge. With such a huge power requirement, Cliffs needs to cut a deal to secure a massive supply of affordable power. Rather than do it quietly, the company came out and named four jurisdictions that could potentially provide it: Sudbury, Timmins, Thunder Bay and Greenstone.

That triggered a frenzy of media speculation in Northern Ontario about which location would get the facility and the jobs (as many as 500) that come with it. Cliffs even suggested it could choose to build it outside of Ontario if a decent power deal can’t be reached, putting pressure on Ontario to come up with a good deal.

Given the importance that Ontario politicians have placed on the Ring of Fire, sources close to the government say it is highly unlikely that it will get built outside the province. While Mr. Boor refused to speculate on what location Cliffs will choose, he said that negotiations with the provincial government and the municipalities have been very productive. “I think the right discussions are happening,” he said.

He would much rather talk about Cliffs’ Chromite project in the Ring of Fire itself. Right now, it is in the very early stages; the company has not completed a pre-feasibility study yet. There is also no infrastructure in the Ring of Fire and no road to get there.

All the same, Cliffs is targeting production in 2015, a very aggressive timetable. “All the right people are looking at the schedule and saying it can be done,” Mr. Boor said.

At one point, Cliffs was talking about spending about US$800-million to put the project into production. But Mr. Boor backed off that number on Wednesday, saying things could change as the company figures out the scope of the project and deals with cost inflation.

“We’re learning what this project is really going to look like,” he said.

The Ring of Fire was first discovered by junior miner Noront Resources Ltd. in 2007. Cliffs became the first senior company to take an interest when it acquired Freewest Resources Canada Inc. early last year.

Financial Post


FANTOMAS

[Fantomas96]

Nach Noronts Ankündigung des Minenstarts für Eagle´s Nest in dieser Woche liefert man sich jetzt mit Cliffs ein Rennen, wer als erster im Ring of Fire produzieren wird.

Das hier (ab vielleicht 2015) produziert wird, sollte mittlerweile jedem klar geworden sein.


http://www.chroniclejournal.com/content/news/local/2011/03/2…





Noront will mine in Ring of Fire

Northwest Bureau

Saturday, March 26, 2011 - 08:00

Cliffs Resources is not the only company proposing to build a mine in the Ring of Fire.
Noront Resources Ltd. announced this week that the company has taken a first step in development of a new base-metal mine in the James Bay Lowlands area.

The company has filed it’s project deion for the company’s Eagle’s Nest deposit with the Canadian Environmental Assessment Agency and Ontario’s Ministry of Northern Development, Mines, and Forestry.

Noront’s president Wes Hanson said in a news release that “the project deion initiates the permitting process for development of the Eagle’s Nest deposit.
“This is the first step of the permitting process and establishes a starting point for future consultation regarding infrastructure and mine development of the Eagle’s Nest deposit with the local First Nation communities as well as local, provincial and federal government agencies,” he said.

Noront’s project deion proposes a planned one million tonne per year underground base metal mine and mill complex which would process high-grade nickel, copper, platinum and palladium ore .

Proposed surface disturbance at the mine site will be limited to an airstrip, an accommodation, recreation and office complex, an explosive storage site, an underground portal and site roads connecting these facilities, the company said.

The mill complex will be established in underground excavations, taking advantage of the site’s host rocks and minimizing surface disturbance. Mill tailings will be stored underground and used as backfill in the voids created by mining of the nickel-copper ore and waste rock.

The mine is estimated to produce approximately 150,000 tonnes of concentrate annually, which would be pumped via a buried pipeline, about 100 kilometres due west to a proposed site named Webequie Junction., a site located 20 kilometres south of the community of Webequie First Nation.

A filtering and drying plant will be constructed at Webequie Junction to treat the concentrate, recycle the water back to the site and transfer the concentrate to trucks for shipment to a proposed CN Rail depot near Savant Lake, the report states.

A diesel generating station will be established at Webequie Junction and power will be brought to site via a new power line. Both the power line and the buried concentrate slurry pipeline will follow a winter road that is proposed between the Eagle’s Nest deposit and Webequie Junction. The winter road will limit the environmental footprint on the James Bay Lowlands, the company says.

At the end of the winter road from Eagle’s Nest to Webequie Junction, an all season road is proposed to connect Webequie Junction to Highway 808 northeast of Pickle Lake. The proposed route follows the existing winter road corridor and will be used to haul concentrate by truck to the proposed rail facility.

During operation, mine consumables will be supplied over the same route, while people and supplies will be transported to the mining site by aircraft.

According to Cliffs Resources website, efforts are underway by the company to prepare a comprehensive project deion of its Cliffs Chromite Project, as is required under Canadian guidelines for economic, environmental and social assessments.

[Fantomas96]

Cliffs plant $ 3 Milliarden für Ring Of Fire, davon $ 1,8 Milliarden für ein Hüttenwerk irgendwo in Ontario (es wird noch um den Standort wegen der Energiekosten und Arbeitsplätze gekämpft).

Und die Infrastruktur (teils öffentlicher, teils privater Sektor) kommt dann allen im Ring of Fire, vor allem aber Noront´s Eagles Nest zu Gute.

Cliffs plant ab 2015 1 Mio. Tonnen Chrom und 600.000 Tonnen Ferrochrom zu produzieren und exportieren.

Hier der Bericht:

Cliffs makes case for $1.8B smelter

By CAROL MULLIGAN, THE SUDBURY STAR

Updated 2 hours ago

Cliffs Natural Resources is looking to spend close to $3 billion to get its chromite project in Northern Ontario into production, with $1.8 billion of that going to build a ferrochrome processing plant, the company said this week.

Cleveland-based Cliffs released its 2012 capital expenditure plan Thursday.

The company said it will spend $150 million to develop the Black Thor mine site, one of three sites it controls in the Ring of Fire, and $800 million to construct a near-mine concentrating plant.

Not included in those estimates is $600 million to build an all-weather road it says will benefit remote northern communities and other Ring of Fire mining projects.

Because of that, Cliffs says it will be looking to private and "government entities" to share the cost of the road.

The City of Greater Sudbury is keen to have the processing plant, with its hundreds of jobs, located at a brown site in Sellwood near Capreol. Cliffs used that site as a base case in some of its prefeasibility work on the processing plant.

Two other locations, Thunder Bay and Greenstone, are also vying to have the plant built in their communities.

More information on the project will be provided when the company finishes its prefeasibility study in the first half of 2012, the company said in a news release issued this week.

Cliffs spokeswoman Patricia Persico wouldn't say if Cliffs is showing a preference for a location for the chromite processing plant.

"Cliffs understands there are many interested stakeholders following this project," said Persico in an e-mail Friday afternoon.

"We have not made a decision about the location of the ferrochrome processing facility, nor do we have a target date to share," she said.

"Cliffs is still assessing and evaluating a number of alternative locations to select a preferred site to locate and develop the prospective ferrochrome production facility."

Cliffs is aiming to have Black Thor in production by 2015.

When Cliffs first invested in the chromite deposits in 2009, it predicted production of about 600,000 tons of ferrochrome annually.

After completing some feasibility work, it expects to produce one million tons of export chromite ore concentrate in addition to the original 600,000 tons of ferrochrome.

There was no mention in the capital estimates report about the cost of hydro-electricity, which could be a deal-breaker for the company building its processing plant in Sudbury or even Ontario.

The suggestion is that Cliffs may choose either Quebec or Manitoba to process its ore because their electricity rates are less expensive.

Sudbury MPP Rick Bartolucci was appointed Northern Development and Mines minister after last fall's provincial election.

Bartolucci said Friday he can't speak for Cliffs, "nor can we speculate as to what the company might request in terms of support from various levels of government.

"Cliffs is best positioned to speak to its own financial matters and business plans. It is premature to comment on what, if any, investment/ support might be negotiated between the province and the company.

"Any discussion of this nature would occur directly with the company," said Bartolucci.

During the fall campaign, Premier Dalton McGuinty said his government would wait to see how much the private sector is willing to invest in infrastructure to develop the chromite deposits before it puts government money into the area.

Ontario will have to help build infrastructure such as roads to bring the project online, said McGuinty, but it wants to maximize its opportunities when it does.

And any public investment would have to benefit Ontarians, said the premier.

"We've got an opportunity to do this in a way that's never been done before, so we're excited about that," McGuinty told The Sudbury Star at Laurentian University's J.N. Desmarais Library in August.

"But, yes, at some point in time, it will call for an investment in infrastructure."

Before investing in the Ring of Fire, 240 kilometres west of James Bay, his government would monitor private-sector involvement in the project "to see what we need to do in a supportive role," said McGuinty.

Meanwhile, a federal environmental assessment is under way by the Canadian Environmental Assessment Agency for Cliffs' Black Thor deposit, which is also subject to provincial environmental assessment requirements. That should be completed some time next year.

[e-mail] Twitter @Carol_Mulligan

-With files from Harold Carmichael

http://www.thesudburystar.com/ArticleDisplay.aspx?e=3444719

http://www.republicofmining.com/2012/01/21/cliffs-natural-re…" target="_blank" rel="nofollow ugc noopener">http://www.republicofmining.com/2012/01/21/cliffs-natural-re…

[Fantomas96]

Ring of Fire Revisited

http://www.republicofmining.com/2012/02/17/the-%e2%80%9cring…


17th

February

2012The “RING” Revisited: An update on Ontario’s famous “Ring of Fire” district – by D’Arcy Jenish – (Canadian Mining Journal – February/March 2012)
posted in Aboriginal Mining, Ontario Far North Act, Ontario Mining, Ontario's Ring of Fire Mineral Discovery |
The Canadian Mining Journal is Canada’s first mining publication providing information on Canadian mining and exploration trends, technologies, operations, and industry events.

Richard Fink, Vice President, Technology, with Cleveland-based Cliffs Natural Resources, is a mining industry veteran who knows that discretion is sometimes the better part of valour when it comes to discussing mineral deposits, and the business of putting them into production. Yet, he is eloquent and forceful when describing the potential of the company’s Black Thor chromite deposit and its nearby Big Daddy ore body, both located in northern Ontario’s “Ring of Fire” mineral district.

“We have a set of major league ore bodies,” says Fink. “The discovery hole on Black Thor was only drilled in September, 2008 so the paint is still wet on this, but you couldn’t ask for a better project. It’s arguably the best open pit chromite deposit in the world in terms of tonnage, grades and mineable widths.”

He also foresees significant socio-economic spinoff if the discoveries can be turned into producing mines. Indeed, Cliffs is looking at estimated capital investments of $3 billion to build a mine and related infrastructure and the projects would create up to 1,250 permanent jobs.
“If we do this right,” said Fink, “it’s going to be of phenomenal benefit to all the First Nations communities up there. It’s going to be a real shot in the arm for the province’s revenues and it’s going to be great for Cliffs.”

Some observers believe, based on published resource estimates, that the Ring of Fire chromite deposits may be big enough to support multi-generation mining operations comparable to the nickel mines of Sudbury or the gold mines of Timmins and Kirkland Lake. They note that Black Thor and Big Daddy are the first major chromite discoveries in North America and may alter the balance of world production, currently centred in South Africa and Zimbabwe.

The Ring of Fire also hosts other significant ore bodies. In August, 2007, Toronto-based Noront Resources Inc. discovered its Eagle’s Nest nickel-copper-platinum-palladium resource and former chairman Richard Nemis is credited with hanging the Ring of Fire label on the district. (According to those who know him, Nemis plucked the name from the famous song by Johnny Cash, although the volcanic origins of the deposits lend credence to the catchy name).

In any event, the Noront discovery started a staking rush that brought dozens of junior mining companies into the area. Most have not advanced beyond exploration, but Noront President and Chief Executive Officer Wes Hanson contends that his company is developing its Eagle’s Nest reserves and is aiming to be the first to put a mine into production. All of this has generated considerable excitement among both federal and provincial politicians.

“We want to maximize the potential of the Ring of Fire,” says Rick Bartolucci, Ontario’s Minister of Northern Development and Mines. “Our premier has said consistently over the last four years that we have a unique opportunity to open up that part of the Far North.”

Hanson says his company has completed a pre-feasibility study for Eagle’s Nest and expects to have a feasibility study finished by the end of the first quarter this year. He adds that Noront is aiming for production from an underground mine by the end of 2016.

Cliffs is running about a year behind with a pre-feasibility set for completion at the end of March this year and the feasibility in March 2013. Beyond that, Cliffs base case scenario calls for open pit mining to commence shortly after the completion of all construction by the third quarter of 2015.

Those timelines may be overly optimistic by a considerable margin. Both the Cliffs and Noront properties are located near a small body of water known as McFaulds Lake, some 550 km northeast of Thunder Bay. More to the point, they are situated in the heart of a vast, remote, sparsely populated and under-developed part of Ontario known officially as the Far North.

The region begins roughly at the 50th parallel of latitude, just beyond the CNR’s main east-west transcontinental rail line. It stretches from the shores of James Bay and Hudson Bay in the east to the Manitoba border in the west.

The landscape is characterized by boreal forests and swamps, bogs and muskeg, which, in the summer months, are infested with mosquitoes, black flies, horseflies and other misery-inducing insects. The region is home to some 49 Cree and Ojibway First Nations living on scattered reserves that are accessible only by air and winter roads. The one all-weather transportation corridor is Ontario Road 599, which begins at Ignace on the Trans-Canada Highway, some 225 km west of Thunder Bay, and zig-zags north to Pickle Lake before ending at a body of water called Windigo Lake.

Before anyone builds a mine in the Ring of Fire, federal and provincial environmental assessments must be conducted. Socio-economic agreements must be reached with the First Nations most directly affected. At the moment, that would appear to be nine bands belonging to the Mattawa Tribal Council.

“Nothing has happened so far other than the companies going out to the communities and making presentations and allowing people to ask questions,” says Richard Ferris, Mattawa’s Ring of Fire coordinator. “If there’s a need for hearings we should negotiate the structure and timing. We want a joint-review panel and we want to appoint people to the panel.”

As well, all parties (governments, First Nations and the companies themselves) must reach a consensus on infrastructure; the big issues being where to locate a transportation corridor and who pays for it? Currently, there are at least three different views.

Noront is pushing for an east-west route. Chief Operating Officer Paul Semple says there is an existing 200-km winter road that runs eastward from the end of Road 599 to the Webequie First Nation on Winisk Lake. Semple says it could be upgraded for year-round use and would end at a staging area south of Webequie and about 100 km from Noront’s Eagle’s Nest ore body.

From there, Noront would ship supplies in by winter road. The company also proposes to build a power plant at the staging area and a transmission line to supply the mine with electricity. It would build a slurry pipeline to move about 150,000 tonnes of concentrate annually from the mine to the staging area and then on to trucks.

Hanson argues that the provincial government should build an all-weather road and pay for it because it would provide tremendous benefits to First Nations communities.

“I don’t think it should be a private road because of the number of users that would gain from it,” he says. “It would open the region to tourism, fishing lodges, and other developments, not just mineral exploration. Government’s role is to build infrastructure that benefits society. Quebec, Manitoba, Saskatchewan, Alberta and B.C. are all building roads into their northern regions to open them to resource development.”

Cliffs and Toronto-based KWG Resources, a co-discoverer of Black Thor and Big Daddy and a 30 per cent owner of the Big Daddy, are both advocating a south to north route. It would begin near either Extor or Nakina, two communities on the CNR mainline, and continue north some 350 km to McFaulds Lake. Moe Lavigne, KWG’s Vice President of Exploration, says his company has found a ridge of sand and other sedimentary materials that runs almost unbroken from the CNR line all the way the mine site and represents the only viable route for north-south road.

KWG formed a subsidiary, Canada Chrome Corporation, to stake the land and has since spent $15 million on engineering studies to demonstrate the viability of the route. That included hiring Golder and Associates in the summer of 2010 to drill some 811 holes and collect soil samples along the full length of the sand ridge.

But building a road will be no simple task. As Lavigne notes, there are 90 water crossings, most of them requiring culverts. However, such a route would also have to traverse the Albany and Attawapiska Rivers and a number of creeks and lesser rivers ones, meaning that 12 small bridges would have to be erected and four big ones, the longest being some 1,200 feet.

Lavigne says that a railway would be the most efficient method of moving chromite ore from Black Thor and Big Daddy and KWG is pushing for a rail link to the CNR line. But Fink says a railway isn’t feasible. It would cost about $2.2 billion with interest charges. Investors would be looking at a five-year payback period. Cliffs would have to produce between six and 10 million tonnes of ore and concentrate annually to meet those terms, but the company’s base case mining plan calls for production of about 2.3 million tonnes.

“Everybody would love a railway,” he says. “The concept is wonderful, but we don’t see anybody who would finance it.”

Like Noront, Cliffs and KWG believe that the federal and provincial governments should help pay for the transportation corridor because of the socio-economic benefits to First Nations communities.

“There’s got to be some kind of public-private-First Nations venture,” says Richard Fink. “We expect to build the road, but we’re not looking at a private route that restricts access.”

To date, neither level of government has made a commitment and Bartolucci says Ontario will have to await the completion of feasibility studies before any real negotiations can begin.
“There are obviously going to be sizeable investments on everybody’s part,” he says. “Those are subject to ongoing discussions with other ministries, the federal government and industry.”

At this point, Cliffs is working on a mine plan for the Black Thor deposit that envisions two open pits, each with a 10-to 15-year lifespan, and beyond that the company would begin working underground.

The base case scenario also calls for construction of an airstrip, on-site roads, a power plant and an ore processing facility. The company will mine between 6,000 and 12,000 tonnes per day and will ship 3,600 tonnes of ore and concentrate daily in 70-tonne haul trucks.

The company will first have to prepare the site by clearing the organic and inorganic materials, which can be up to 10 metres thick, to get down to the bedrock. According to KWG’s Lavigne, Cliffs may have to build 10 to 15 km of berms around the operation.

“The Black Thor and Big Daddy are under total swamp,” he says. “If you’re going to build an open pit, you have to have to hold back the swamp.”

None of this has raised any alarms with Cliffs. “It’s a cost factor, but it’s not a significant technology issue,” says Fink. “I’ve worked in Schefferville, Quebec with Iron Ore Company of Canada and it was total muskeg and string bogs. Canada is state-of-the-art in how you deal with mines in muskeg or poorly drained terrain.”

One other issue is lurking in the background and could become very contentious once this project begins to move into the construction phase. Cliffs’ mine plan also includes a $1.8-billion ferrochrome production plant and the company has tentatively targeted a rural site in the municipality of Capreol, just outside Sudbury. Its plan also includes backup locations in Timmins, Thunder Bay and the Township of Greenstone.

Municipal officials in those communities have taken note of the 350 to 450 permanent jobs and the tax revenues that would come with the plant. They have made it known that they would welcome the facility within their jurisdictions and Timmins and Thunder Bay have identified potential sites.

However, some outside observers have suggested that Cliffs may decide to build it in Quebec or Manitoba or even the U.S. to take advantage of more favourable power rates. Fink acknowledges that the cost of electricity in Ontario presents a challenge and says the company has discussed the issue with provincial officials, but adds that Cliffs intends to choose a site before starting the feasibility study.

Meantime, federal Minister of Northern Development Tony Clement weighed into the debate during visit to Timmins in mid-January, saying: “We’d like to see more of the processing here, but one of the major impediments is energy costs,” said Clement. “That’s Mr. McGuinty’s bailiwick. He’s got to do his job as premier of this province and get energy costs more in line.”

But Bartolucci thinks that kind of talk is unduly alarmist. “We are very, very confident that when you consider all the facts Ontario competes very well with other jurisdictions,” he says.

The Cliffs chromite project has commanded most of the attention in the Ring of Fire because of the size of the deposits and the potential socio-economic benefits of developing them. But Noront has been quietly developing its Eagle’s Nest resource, a pipe-shaped formation that measures some 60 metres across by 200 long and continues to a depth of 1,125 metres. The company is contemplating an underground mine that would produce about 3,000 tonnes of ore per day and have a life of just over 10 years.

Noront estimates that construction will cost $102 million, the capital equipment $41 million and the operation will employ some 200 workers.

A technical report prepared for the company states that: “The mineralized zone is overlain by three to 20 metres of generally saturated organic matter, glacial till and sandy gravel.” Therefore, Noront has decided to minimize its surface footprint and build a mill and concentrator in two long, narrow underground chambers that will be reached by twin ramps.

Noront may well be the first to begin tapping the wealth of the Ring of Fire, but there is no question that the mammoth Black Thor and Big Daddy chromite deposits will provide the foundation for infrastructure investments and further mineral exploration that could transform Ontario’s Far North.

“The wonderful thing about having a world class ore body is that it will allow true sustainable development up there,” says Fink. “Once somebody has a large enough operation to get the fundamental infrastructure in, and we believe it’s Cliffs, then small base metal mines will start to come on. At sometime in the future you’ll get a railway and a power grid. You’re not going to have the typical small gold or base metal mine where there is suddenly an influx of money and everybody gets a new snow machine, everybody does well for 10 years and then it’s gone.” CMJ


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