New Island Resources TSX:NIS +++ MK 8 Mio CAD +++ Produktion Januar 2008+++ - 500 Beiträge pro Seite

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Klein aber fein



Website: www.newislandresources.com

Stockhouse News und Board: http://www.stockhouse.ca/comp_info.asp?symbol=NIS&table=LIST

TSX-Chart




NIS/ Anaconda JV startet im Januar 2008 in die Produktionsphase.
Siehe dazu: http://www.anacondagold.com/projects/pine/

Pine Cove Project Highlights

Probable Reserves: 2,332,676 tonnes grading 2.76 g/t: 207,000 oz gold

Inferred Resources: 66,700 tonnes grading 2.43 g/t: 5,200 oz gold

Mill rate: 500 tpd
Recovery: 88.5%
Life of Mine Cash Flow: $13.9 million
NPV (5%): $9.1 million
IRR (pretax): 30%
Gold Price: US$480/oz
First Year Gold Production: 22,000 oz.
Cash Cost (Year One): US$323


NIS Anteil:
PINE COVE

In November 2003 an option and joint venture agreement was signed with Anaconda Gold Corp. covering the Pine Cove property.

Under the terms of the agreement, Anaconda can:

a) Earn a 30% interest in the property by making cash payments of $92,500 and expending $500,000 on the property before December 31, 2004, and

b) Earn an additional 30% interest in the property and operator status by completing a feasibility report, arranging the financing and bringing the property into commercial production.

Anaconda has completed a feasibility report and made a production decision. It currently is arranging the financing to bring the property into production in 2007.
http://www.newislandresources.com/joint_venture_pine.htm


Bei einer Market Cap von derzeit ca. 8 Mio CAD ( 5,7 Mio €) hat NIS meiner Überzeugung nach durchaus das Potential zum seriösen Vervielfacher.
Mit einer etwas höheren Volatilität, typisch für kleinere Unternehmen / Projekte muss man, bzw. kann man leben.


siehe auch hier:
http://www.thetelegram.com/index.cfm?sid=68873&sc=82

New Island updates mineral projects print this article
The Telegram

New Island Resources says construction of the Pine Cove mill on the Baie Verte Peninsula is on schedule.

That mill will process ore from the Pine Cove gold mine, which is expected to produce its first ounce of gold by year-end.

St. John’s-based New Island, which is headed by president Harold Wareham, says the mine will yield about 16,000 ounces of gold over the 12-year life of the mine. His company is partnered with Anaconda Mining Inc. to develop that mine.

Anaconda earns a 60 per cent interest in the mine once commercial production begins.

New Island says the $7-million capital costs of developing Pine Cove will be paid off over the first 20 months of operation before any profits are dispersed to the partners. The exploration and mining company is also preparing to drill exploration holes at its Nugget Pond property also located on the Baie Verte Peninsula.

Drilling is scheduled to begin next week to test prospects where previous exploration programs have detected gold. That property was home to the Nugget Pond gold mine operated by Montreal-based Richmont Mines until it closed in 2001.

New Island acquired the property in October 2006. The company then sold the Nugget Pond mill to Crew Gold in exchange for $6.75 million worth of stock in the U.K. company.

Crew is processing gold ore from its Greenland mine, which has a life expectancy of 10 years, at Nugget Pond.

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letzte Projekt-News vom JV-Partner:

Anaconda Mining Advances Pine Cove Gold Mine Development

TORONTO, ONTARIO, Oct 22, 2007 (MARKET WIRE via COMTEX News Network) --

Anaconda Mining Inc. ("Anaconda" or "the Company") (TSX: ANX), (FRANKFURT: GJ2) is pleased to provide the following update of activities at its Pine Cove gold mine project near Baie Verte, Newfoundland.

Construction activities at Pine Cove, the newest gold mine in the Province of Newfoundland and Labrador, are continuing with the following highlights to the end of October 15.

- Main access road has been upgraded

- Mill floor foundations completed with key plant equipment installed

- Reagant storage and fabrication building completed

- Structural steel installation completed on mill building

- Construction of haul road from the open pit to the mill started

- Leach tank agitators installed

The Company anticipates that a substantial amount of the processing plant equipment will be completed during October. The latest pictures from the Pine Cove site development are available on Anaconda's website at www.anacondamining.com.

A new schedule of construction for the delivery of hydro power to the site has been submitted by Newfoundland and Labrador Hydro which now indicates energizing the power line by January 31, 2008. The Company and Newfoundland Hydro are working towards completion at an earlier date, but as a result of this new schedule, ore processing is now anticipated to start in late January, 2008.

Also on October 3, 2007, the Government of Newfoundland and Labrador granted Anaconda approval for its Development Plan and Financial Assurance Plan for the Pine Cove project.

Pine Cove hosts probable reserves of 2,332,676 tonnes grading 2.76 grams gold per tonne for 207,000 oz. of gold. Inferred resources total 66,700 tonnes grading 2.43 grams gold per tonne for 5,200 oz. of gold. The above reserves and resources were prepared utilizing a cut-off grade of 0.95 grams gold per tonne.

The reserve estimate was completed by independent mining consultants and Qualified Persons, as defined by NI 43-101, Eugene Puritch, P.Eng. and Dr. Wayne Ewert, P.Geo. of P&E Mining Consultants Inc. of Brampton, Ontario. (See Anaconda press release dated April 28, 2005 at www.anacondamining.com or at www.sedar.com).

Upon commencement of commercial production, Anaconda will have earned its 60% interest in the Pine Cove project from New Island Resources Inc. (TSX VENTURE: NIS), the Company's partner at Pine Cove.

The terms of the underlying agreement also provide Anaconda with 100% of all project cash flow until capital payback is achieved and certain sunk costs are recovered. In addition, as operator of the Pine Cove project, Anaconda will receive project management fees.

Anaconda Mining Inc. is an emerging gold producer with a portfolio of advanced stage exploration and development projects in Chile and Canada. For more information please visit our new website at: www.anacondamining.com.

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Website von Prominex funktioniert derzeit nicht.
Aber sehr interessante Beteiligung von NIS.


Prominex Closes Oversubscribed Private Placement

VANCOUVER, BRITISH COLUMBIA, Oct 12, 2007 (Marketwire via COMTEX News Network) --

Prominex Resource Corp. (TSX VENTURE:PXR) announced today its Private Placement announced on October 9, 2007 has been oversubscribed and closed.

New Island Resources Ltd. (TSX VENTURE:NIS), a junior mining company with properties located in Newfoundland and Labrador, has subscribed for 8,000,000 units. The company is pleased to welcome New Island Resources as a significant investor.

Prominex is a junior mining exploration company with a focus on Newfoundland. The company is currently re-evaluating 3 projects in Newfoundland. The Tulks Hill and Lake Bond projects are host to historical resources while our Burtons Pond property produced high grade copper in the late 1800's. The most advanced of these projects is the Tulks Hill property.

The Company is earning a 51% interest in the Tulks Hill Property from Buchans River Ltd. (TSX VENTURE:BUV) (refer to news release of November 14, 2005).

The Tulks Hill Property is located approximately 40 kilometers southwest of the former mining town of Buchans, 25 kilometers southwest of the Duck Pond base metal deposit, 12 kilometers northeast of Messina's Boomerang base metal discovery and 5 kilometers southwest of their Tulks East Deposit.

Initially discovered in 1961 by Asarco Ltd., the Tulks Hill prospect was subjected to extensive exploration by the Asarco/Abitibi-Price Ltd. Joint Venture between 1961 and 1981. This exploration included 190 diamond drill holes that resulted in outlining four massive sulfide lenses termed T1, T2, T3, and T4.

In 1980, an internal company report prepared by Buchans Mine geological staff reported a total inferred resource in the 4 lenses of 730,000 tonnes grading 5.5% zinc, 2.1% lead, 1.1% copper, 45 g/t silver and 0.4 g/t gold. The tonnages were calculated by Abitibi-Price Ltd. geological personnel based on diamond drilling at 30-meter centers and a total of 212 meters of underground development on the T3 lens. In addition, the Asarco Ltd./Abitibi-Price Ltd. Joint Venture carried out bulk sampling, metallurgical testing and completed a feasibility study.

The resource estimate quoted herein is based on data and reports that were prepared by previous operators. The Company is not treating the mineral resource estimates as NI 43-101 defined resources verified by a qualified person. The Company cautions the reader that it has not completed the work necessary to verify the classification of the mineral resource estimates and that the historical estimates should not be relied upon.

During the 2006 exploration program Prominex conducted an airborne survey, re-gridded the entire property to metric, performed a gravity survey and diamond drilled 28 holes to test the T1 and T2 (6 holes); T3 (16 holes) and T4 (2 holes) and an additional 4 holes on a gravity anomaly defined during the summer exploration program.

In December 2006, the company retained Scott Wilson Roscoe Postle Associates Inc., geological and mining consultants, of Toronto to prepare a NI 43-101 technical report on the Tulks Hill property, which would involve a review, analysis, and interpretation of all data to focus on four aspects of the report, namely:

1. Review exploration results and the historical resource estimate of the T-3 lens by Asarco;

2. Prepare a NI 43-101 compliant resource estimate and report on the T-3 lens;

3. Identify drill targets and other exploration activities on the other lenses, as required;

4. Carry out a 43-101 compliant resource estimate report on the total property.

On July 16th, 2007, Scott Wilson RPA reported that the new Prominex drilling results TH06 - 23, 24, 25, 26, 27, and 28 demonstrate that copper and zinc are present at the same general grade level as the historic Asarco results.

The new data have better defined the higher grade core area, but do not appear to have increased the size of the mineralized area. In terms of the general outline and shape, the main T3 Lens is relatively well defined.

Drilling on the T3 Lens returned the following significant assay results:

- 13.5% Zinc over 4.6 m and 9.3% Zinc/1.0% Copper over 5.1 m in T-3 Lens (see November 20th, 2006 news release)

- 13 m of 10.6% Combined Zinc/Lead ... Assays Include 14.6% Zinc over 4.25 meters (see November 27th, 2006 news release)

Scott Wilson RPA reported that based on a minimum cut-off grade of 4% Zn and a minimum horizontal thickness of 2 m, the mineralized zone is approximately 250 m long, 2 m to 7 m thick, and extends approximately 75 m below the surface. Lower grade and thinner zones of the pod extend the mineralization 30 m to 35 m farther along strike at either end of the pod.

Scott Wilson RPA recommends eleven holes (total 925 m) additional in-fill drilling to confirm the continuity of mineralization up-dip and down-plunge on the T3 lens and to provide more reliable data to estimate the tonnage and average grade of the mineralization. It also recommends a total of 1,375 m of drilling in 11 holes on the T4 lens to better outline this zone and to outline near surface massive sulfide mineralization. Additional in-fill drilling may be recommended based on results obtained from this phase of drilling. Drilling on these lenses is planned to commence this fall.

ON BEHALF OF THE BOARD OF DIRECTORS:

Lorne King, President and CEO

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as expects, "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur.

SOURCE: Prominex Resource Corp.

Prominex Resource Corp. Lorne King [phone] or 1-800-404-0833 Email: [e-mail] Website: www.prominex.ca
Copyright (C) 2007 Marketwire. All rights reserved.

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Detaillierte Infos zum NIS / Anaconda Pine Cove Projekt hier:

http://www.env.gov.nl.ca/env/Env/EA%202001/pdf%20files%202/1…

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Keine NIS News, aber Hinweis auf das NIS Nugget Pond JV mit Crewgold:

Crew Acquires 100% of Nalunaq Gold Mine, Greenland
Crew is pleased to advise that it has concluded an agreement with NunaMinerals A/S (Nuna) to purchase Nuna’s 17.5% interest in the Nalunaq Gold Mine. Consideration includes approximately CAD $2.5 million for the shares plus repayment of all loans between Nuna and Nalunaq Gold Mine of approximately CAD $2.2 million. In addition, Nuna will be entitled to a 1.5% NSR royalty on production in excess of 992,000 ounces cumulatively. Approximately 195,000 ounces have been produced to date. The transaction is expected to be concluded on or before November 15, 2007. On completion, Crew will hold 100% of the equity in the Nalunaq Gold Mine.
Crew operates the Nalunaq Gold Mine located in southern Greenland. The mine has been operational since February 2004 and has produced approximately 195,000 ounces of gold at an average head grade of 16.3g/t Au. In October 2006, Crew purchased the Nugget Pond processing facility in Newfoundland, Canada to process ore from Nalunaq. Current production from Nalunaq is 80,000 to 90,000 ounces. In Q2 2007 Nalunaq Gold Mine produced 21,697 ounces.
Jan Vestrum, Crew President and CEO commented, “I am pleased to announce the successful conclusion of negotiations with NunaMinerals. This transaction enables Nalunaq and Nugget Pond to be operated with maximum synergies and provides longer term benefits to Nalunaq and Greenland. With a strong present gold price and positive outlook for gold we believe this is an excellent transaction for Crew Gold.”

http://www.crewgold.com/pdf/CRU_acquisition_of_nalunaq.pdf

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Zum Überdenken:

dieser Artikel aus 2006

http://www.resourceinvestor.com/pebble.asp?relid=19880
Near-Term Gold Producer on the Bargain Table With Multiple Rabbits in Hat

Near-Term Gold Producer on the Bargain Table With Multiple Rabbits in Hat

By David J. DesLauriers
17 May 2006 at 04:40 PM GMT-04:00

TORONTO (ResourceInvestor.com) -- The larger gold stocks are now off nearly 20% despite the fact that gold remains in the $680 an ounce range. Juniors, even quality ones, have fared still worse. What is clear is that there are certain companies which the market can only savage to a point because their fundamentals (usually in the form of cash being generated) are simply too outstanding.

Despite the amount of eyes on the resource sector these days, there are quite a few excellent opportunities that continue to fly under the radar. One of these is New Island Resources [TSXv:NIS], a company focused on gold projects in Newfoundland. This is a story that almost nobody knows about, and yet they have three exciting projects on the go – one which could host a very large company-making resource, and the other two which can produce substantial cash flow almost immediately.

As readers will discover, with 32 million shares out and a market capitalization of only C$14 million, anyone of these projects alone could justify a valuation well in excess of the current 45 cents per share.

Pine Cove

Pine Cove currently hosts only 265,000 ounces of gold in all categories, but grades are quite good, there is much room for growth in that number, and maybe most importantly, that material can be easily trucked to the Nugget Pond facility 50 kilometres to the east for treatment, and to be monetized.

Over the next few months, NIS will produce approximately 8,500 ounces of gold from Pine Cove net to its interest adding anywhere from $3-$5 million to the $2 million already in the treasury.

Then, in the Q4/06, New Island’s interest in Pine Cove will be reduced to 40% but production is anticipated to start with a new mill that has been acquired for Pine Cove specifically, and which can process up to 960 tonnes per day. At the average grade of the indicated resources delineated to date on that project, which could translate into about 15,000 ounces of annual gold production to New Island’s interest.

Nugget Pond

During the period 1997 to 2001 the Nugget Pond mine produced 168,745 ounces of gold at a cash cost of roughly $220 per ounce.

New Island can earn a 100% interest in this project subject to a 30% back-in right, and there are currently about 12,000 reserve ounces of gold grading 9 grams per tonne which in theory could be processed fairly readily.

According to the company, “The main interest defined to date is the footwall zone, on which Richmont Mines Inc. calculated a proven and probable reserve of 43,000 tonnes at an undiluted grade of nine grams (non-NI 43-101 compliant). Within the zone, located 40 metres into the footwall below the ore zones mined by Richmont, are diamond drill hole intersections ranging from 3.62 g/t over 2.4 metres to 17.25 g/t over five metres. These figures pre-exist and are non-compliant with National Instrument 43-101 but give an indication of the ore potential in the immediate mine area.”

New Island has stated that it considers “the Nugget Pond assets to be of significant value and highly prospective for the discovery of additional reserves. The existence of an operational mill on site positions the company to realize immediate production and cash flow.”

This is another very simple, but highly profitable equation. On top of the current proven and probable reserve, it is not hard to fathom that with some drilling financed out of cash flow, New Island could easily repeat the mine’s performance between 1997-2001 as they delineate ounces – generating annual cash flows in that scenario equivalent to the entire market capitalization of the company presently! In the meantime, the company can secure revenue by custom-milling ore for other operators in the region.

Glover Island

Stepping away from the cash flow side of the story for a second, New Island also has a project with home-run potential in terms of ounces in the ground.

A recent press release reported that, “Based on the $3-million expended since 1990, a gold resource in the range of two to five million ounces can be visualized and the company predicts a further $2-million to $3-million of drilling will be required to validate this potential and identify an economic resource. New Island will aggressively focus its efforts over the coming months on the world-class potential of this project.”

More will be known as the drills begin to turn, and the company can detail existing resources that are already present, but not 43-101 compliant at this time. Nevertheless, New Island has made some bold statements about Glover Island which good judgement would dictate were not terribly prudent, unless the company believes that something very real and very sizeable exists there.

Cash Flow

This is all very much back of the envelope, but if one makes the following assumptions:

1.
That Pine Cove can process feed at its stated capacity and at the reported grade, and;
2.
That with sufficient drilling, New Island can prove up ounces at Nugget Pond, and repeat what Richmont was able to achieve, which seems a fairly reasonable assumption.

Then, there is no reason why the company could not be a 40,000+ ounce per year gold producer starting some time in 2007.

Conclusion

Indeed, factoring in the cash flow from Pine Cove and Nugget Pond, New Island will have little or no need to go back to the market. Cash flows from these two projects will allow the company to drill out and expand resources and thereby continue to generate cash month-in month-out. That selfsame cash flow will also be used to drill out Glover Island, where the company could have a multi-million ounce deposit – a company-maker, and a third reason why NIS has multi-bagger potential.

Anyway that you look at it, New Island appears to be a steal at these levels and should trade at a multiple of its current 45 cents per share as cash flows start to come in, resources are expanded, and the elephant sized potential at Glover Island is explored.


......................................................Zitat Ende
.....erschien bei bei einer Market Cap von CAD $14 million,

>>>>>>>>>> Anfang November 2007 hat NIS eine MK von CAD $7.7 million.
Das sind gerade mal 5.6 Mio € !!!

http://www.stockhouse.ca/comp_info.asp?symbol=NIS&table=LIST

Bin der Meinung, hier haben wir es mit der klassischen Chart-Verlaufs-Kurve eines Explorers zu tun, welcher auf dem Weg zum Produzenten ist.

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Prominex Website wieder online:
http://www.prominex.ca/s/Home.asp

NIS hat vor kurzem 8 Mio Prominex Shares und damit ca. 20% erworben
http://www.stockhouse.ca/comp_info.asp?symbol=PXR&table=LIST (MK 4 Mio CAD!!!)

http://www.prominex.ca/s/NewsReleases.asp?ReportID=270084&_T…

Das aktuelle Prominex Property nennt sich TULKS HILL(BUCHANS RIVER)
auch Infos hier: http://www.infomine.com/index/properties/TULKS_HILL(BUCHANS_…

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Betrifft Prominex Beteiligung:

Prominex Earns 51% Interest in Tulks Hill

VANCOUVER, BRITISH COLUMBIA, Nov 13, 2007 (Marketwire via COMTEX News Network) --

Prominex Resource Corp. (TSX VENTURE: PXR) (Prominex) announced today that it has earned a 51% interest in Buchans River Ltd.'s (TSX VENTURE:BUV) (Buchans River) Tulks Hill Property located approximately 40 kilometers southwest of the former mining town of Buchans, 25 kilometers west of the Duck Pond deposit, 12 kilometers northeast of Messina's Boomerang prospect and 5 kilometers southwest of their Tulks East Deposit. The property is accessible from both the towns of Buchans and Millertown by well-maintained pulpwood haulage roads.

The Prominex interest was earned under an agreement respecting the Property between Prominex and Buchans River (the "Agreement") which called for $1,000,0000 in work commitments by Prominex, cash payments of $70,000 to Buchans River, and the issuance of 900,000 Prominex common shares to Buchans River, all to be completed by November 4, 2009. Having completed the exploration program, cash payments, and share issuance, Prominex has exercised its right to accelerate the earn-in of its 51% interest in the property.

The Agreement provides that Prominex will be the operator of an unincorporated joint venture to be formed by Prominex and Buchans River to operate the Property. Subject to agreement on a program description, schedule and budget, the parties intend to carry out a further exploration program on the Property while they work to finalize the terms of a formal joint venture agreement.

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TSX-X
---------------------------------

NEW ISLAND RESOURCES INC. ("NIS")
BULLETIN TYPE: Company Tier Reclassification
BULLETIN DATE: November 16, 2007
TSX Venture Tier 2 Company

In accordance with Policy 2.5, the Company has maintained the requirements
for a Tier 1 company. Therefore, effective November 19, 2007, the Company's
Tier classification will change from Tier 2 to:
Classification Tier 1

gute Sache

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viele Bilder vom Pine Cove Project hier ("geklaut" bei Anaconda ):

http://www.anacondamining.com/phpAlbum/main.php?cmd=album

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Prominex Beteiligung im Wert auch ordentlich gestiegen:
(NIS hat für 0.10 gekauft)

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New Island Resources Inc.: New Island Gains Tier 1 Status

ST. JOHN'S, NEWFOUNDLAND--(Marketwire - Nov. 20, 2007) - New Island Resources Inc. (New Island) (TSX VENTURE:NIS) of St. John's, NL reports that the TSX Venture Exchange has approved its application for graduation from Tier 2 to Tier 1 Issuer status effective November 19, 2007. The Company is pleased to have attained this new classification which is based on a review of the Company's financial and mineral assets and the maintenance of other requirements set by the Exchange. The Company is also pleased to report that Anaconda Mining Inc. (Anaconda) (TSX:ANX) (FRANKFURT:GJ2) advises that good progress is being made on bringing the Pine Cove property into production and that processing should commence at the mill in late January 2008. Anaconda can earn a 60% interest in the property and operator status by arranging the financing and bringing the property into commercial operation. The Pine Cove property is situated near Baie Verte, Newfoundland and hosts probable reserves of 2,332,676 tonnes grading 2.76 grams gold per tonne for 207,000 oz. of gold. Inferred resources total 66,700 tonnes grading 2.43 grams gold per tonne for 5,200 oz. of gold. These reserves and resources were prepared utilizing a cut-off grade of 0.95 grams gold per tonne and completed by indepent mining consultants and Qualified Persons, as defined by NI 43-101, Eugene Puritch, P.Eng. and Dr. Wayne Ewert, P.Geo. of P&E Mining Consultants Inc. of Brampton, Ontario (See technical report filed June 9, 2006 on Sedar at www.sedar.com). The property also hosts defined exploration targets having potential for additional reserves and mine life extension. These targets include the Romeo & Juliet zone, which hosts a high grade quartz vein requiring further drilling in order to define a resource. About New Island New Island is a mineral exploration and development company having properties on the island of Newfoundland and in Labrador. In addition to the Pine Cove property it holds the large advanced Glover Island gold property in Newfoundland currently on option to Crew Gold Corporation which has committed to exp $5,000,000 in exploration expitures over five years to earn a 60% interest. The Company holds gold mineral claims adjacent to the Nugget Pond mill on the Baie Verte Peninsula and significant land holdings in the Sims Basin area of Labrador which are prospective for uranium. New Island seeks to enhance shareholder value by exploring and developing resource properties with competent Joint Venture partners. Additional information on the company and its properties can be viewed at www.newislandresources.com. Statements contained in this release that are not historical facts are forward-looking statements, which involve known and unknown risks and uncertainties not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or expectations implied by these forward-looking statements. The TSX Venture Exchange does not accept responsi

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Prominex to Commence Tulks Hill Drilling

VANCOUVER, BRITISH COLUMBIA, Nov 21, 2007 (Marketwire via COMTEX News Network) --

Prominex Resource Corp. (TSX VENTURE:PXR) (Prominex) announced today that it has entered into a contract with Cartwright Drilling Inc. to commence drilling on the Buchans River Ltd.'s (TSX VENTURE:BUV) (Buchans River) Tulks Hill Property (Property).

Prominex has earned a 51% interest in the Property under an agreement between Prominex and Buchans River. The agreement provides that Prominex will be the operator of an unincorporated joint venture to be formed by the parties to operate the Property. Agreement on a program description, schedule and budget has been reached between Prominex and Buchans River and further drilling on the Property will be carried out immediately while they work to finalize the terms of a formal joint venture agreement.

The current drill program has been planned based on recommendations from and, in consultation with Scott Wilson RPA (RPA), a diversified consulting engineering firm. The program will be under the direct supervision of Mr. Paul O'Brien, P. Eng. and Mr. Denis Walsh, P. Geo. 25 holes will be drilled totaling 2650 metres. It is anticipated that this program will enable RPA to prepare a NI-43-101 resource estimate on the T3 lens and outline additional diamond drilling required to compile a resource estimate on the total Property. In 1980, an internal company report prepared by ASARCO geological staff reported a total inferred Property resource of 730,000 tonnes grading 5.5% Zn, 2.1% Pb, 1.1 % Cu, 45 g/t Ag and 0.4 g/t Au.

[XIO]

Prominex...
NIS wird schon noch davon profitieren.

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kaum geschrieben:

jetzt NIS:

[XIO]

mein lieber Schwan, PXR macht Spitze 34 %
und da sind keine OLTs dabei..naja, die MK war mit ursprünglich 3 Mio CAD auch unter aller Sau

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Prominex Resource eight-million-share private placement

2007-11-22 16:12 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a non-brokered private placement announced Oct. 9, 2007.

Shares: eight million shares

Price: 10 cents per share

Warrants: eight million share purchase warrants to purchase eight million shares

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also das war ja ein verrückter Abend gestern in Kanada bei Prominex.
Letztendlich landete PXR bei CAD 0.165 , das siond 26,9% +
NiIS hat damit (wenn PXR auf diesem Level bleibt , oder weirter steigt) seinen EK bei PXR schon mit 65% im Plus.
Die aktuelle MK von PXR beträgt nun 4.7 Mio CAD, die von NIS 7.3 Mio CAD.
in den 7.3 Mio von NIS sind 20& an PXR drinne, nehmen wir die raus (mal über den Daumen 1 Mio), so hat NIS eine MK von 6.5 Mio CAD

und das mit dem im Januar 2008 in Produktion gehenen Anaconda Mining JV Pinecove.


Ich hab Geduld.

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Prominex Closes 2nd Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA, Nov 26, 2007 (Marketwire via COMTEX News Network) --

Prominex Resource Corp. (TSX VENTURE: PXR) announced today that it has received final acceptance from the TSX Venture Exchange for the 2nd and final Tranche of the private placement announced October 9, 2007. The 2nd tranche is being closed for 8,000,000 units at a price of $0.10 per unit for total proceeds of $800,000.00. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase an additional common share at $0.13 for 18 months.

ON BEHALF OF THE BOARD OF DIRECTORS:

Lorne King, President and CEO

[XIO]

News Nr. 2 für heute kommt von Anaconda Mining und bezieht sich auf das Voranschreiten des gemeinsamen Pine Cove Projektes,
welches im Januar 2008 in Produktion geht.

Nov 28, 2007 09:00 ET
Anaconda's Pine Cove Gold Mine Construction on Schedule

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2007) - Anaconda Mining Inc. ("Anaconda" or "the Company"), (TSX:ANX)(FRANKFURT:GJ2) is pleased to provide a progress report for the Pine Cove gold mine project in Baie Verte, Newfoundland and Labrador.

October and November continued to be productive months with site construction and development moving forward according to schedule. Mine Production is expected to begin in January, 2008 at a rate of 500 tonnes/day.

The mill building is substantially complete and all large equipment was successfully moved inside the perimeter wall.

Highlights for the month of October and November are as follows:

- Mill building was completed, with key processing equipment in place including drum filters, tanks, conveyer and concentrator.

- Crushing equipment is now on site.

- Access road from pit to mill is now in use. Phase II will bring the road to final grade and is expected to begin in January.

- 50,000 tonnes of waste rock were blasted. Over 75,000 tonnes have been drilled or blasted since the start of construction in July. All material is being used for the road, crusher area and other site requirements. Any ore that has to be moved is being stock piled for processing once commissioning has taken place.

- Newfoundland and Labrador Hydro have commenced cutting and surveying of the power line, with full power expected at end of January.

- Geological mapping/sampling has been initiated in advance of pit development to ensure potential mineralization is identified and segregated.

- Government Services provided approval for mill office/lab design. Both Federal and Provincial officials have visited the property with no concerns raised.

Lew Lawrick, Chairman and CEO of Anaconda stated: "we are very excited in advancing this project to production in such a short time period. Under the leadership of Allan Cramm, General Manager of the Pine Cove gold mine, we will be in production in the first quarter 2008." Anaconda started construction five months ago, in July 2007. All remaining construction work, including the office and dry portion of the mill as well as the installation of the Merrill Crowe unit are inside the mill building and will not be impacted by weather.

Pine Cove hosts probable reserves of 2,332,676 tonnes grading 2.76 grams gold per tonne for 207,000 oz. of gold. Inferred resources total 66,700 tonnes grading 2.43 grams gold per tonne for 5,200 oz. of gold. The above reserves and resources were prepared utilizing a cut-off grade of 0.95 grams gold per tonne.

The reserve estimate was completed by independent mining consultants and Qualified Persons, as defined by NI 43-101, Eugene Puritch, P.Eng. and Dr. Wayne Ewert, P.Geo. of P&E Mining Consultants Inc. of Brampton, Ontario. (See Anaconda press release dated April 28, 2005 at www.anacondamining.com or at www.sedar.com)

For recent pictures of the Pine Cove Site development, please visit Anaconda's website at www.anacondamining.com.


...................................


New Island Resources Inc.: New Island Reports Option Agreement and Further Drilling at Nugget Pond

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Nov. 28, 2007) - New Island Resources Inc. (New Island) (TSX VENTURE:NIS) of St. John's, NL reports that a five hole drill program on the Tilt Cove-Castle Rock area of its Nugget Pond claim blocks situated on the Baie Verte Peninsula in Newfoundland and approximately 10 kilometers northeast of the former Nugget Pond gold mine has been completed and it is currently awaiting results from samples submitted for assay.

The Company is pleased to advise that it has signed an option agreement with South Coast Ventures Inc. (South Coast) on two licences totaling nine claims in the Nugget Pond area.
These claims are located 800 metres northeast along strike from the former Nugget Pond mine and bordered to the east and south by New Island claims.

The Nugget Pond gold deposit contained 537,672 tonnes of ore grading 0.32 ounces per tonne and produced 168,745 ounces of gold from 1997 - 2001. The gold bearing 'Nugget Pond Sedimentary Horizon', host to the Nugget Pond mine, underlies these newly acquired claims and is characterized by IP and magnetic geophysical anomalies, as well as associated anomalous gold in till.
A cross-cutting structure characterized by a magnetic break also cuts the Nugget Pond Horizon in this area.
The Nugget Pond Horizon containing the coincident IP and magnetic anomalies in the area of the cross structure will be tested with an initial two hole diamond-drill program commencing immediately.

Under the terms of the agreement with South Coast, the Company can earn 100% interest in the property by providing: - $20,000 plus 100,000 shares upon execution of the agreement - $15,000 plus 35,000 shares within 12 months - $20,000 plus 65,000 shares within 24 months - $25,000 plus 100,000 shares within 36 months - a commitment to incur at least $100,000 in exploration expitures on the project within 12 months, a total of $150,000 within 24 months and a total of $200,000 within 36 months for a total exploration expiture of $200,000 over 36 months - a commitment to pay South Coast a net smelter return royalty of 2% on any commercial production.

Statements contained in this release that are not historical facts are forward-looking statements, which involve known and unknown risks and uncertainties not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or expectations implied by these forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.






Aktuelle Marketcap: 6.881.597 CAD


...CAD wohlgemerkt.. das sind 4.674.414 Euro

[XIO]

Sector: Mining
Article | Mining
http://pinnacledigest.com/content/node/4470

November 29 2007

Current Price: 0.16



New Island Resources Inc. (TSX-V: NIS) experienced a surge in share value Wednesday along with 188,000 shares traded. On November 28th they announced that a five hole drill program on the Tilt Cove-Castle Rock area of its Nugget Pond claim blocks has been completed.
Pinnacle Digest believes this news to be significant, in respect to New Island’s potential moving forward and have therefore begun reviewing their Nugget Pond claims in more detail along with their objectives.

[XIO]

Neue Bilder vom NIS / Anaconda Pine Cove Produktions-Projekt:
http://www.anacondamining.com/phpAlbum/main.php?cmd=album&va…

[XIO]

New Island Reports on Annual General Meeting, Board Changes and Grant of Options

ST. JOHN'S, NEWFOUNDLAND, Dec 19, 2007 (MARKET WIRE via COMTEX News Network) --

New Island Resources Inc. (TSX VENTURE: NIS) (the Company) of St. John's, NL is pleased to announce that all resolutions submitted at the Annual General Meeting held on December 14, 2007 were approved by the shareholders.

The Company advises that Mr. William Warren did not seek reelection to the Board and extends thanks and appreciation for his assistance and contribution during his tenure on the Board.

The Company is pleased to advise that Mr. D.S. (Sam) Walters has been elected to the Board of Directors. Mr. Walters holds a Bachelor of Commerce degree and has been recognized and honoured for his community leadership through numerous charitable, educational and humanitarian endeavours. He retired as Vice-President Newfoundland & Labrador, Royal Bank of Canada, in August 2000 after 38 years of service with the Bank. Mr. Walters continues to be quite active in the community and the Company is quite pleased to welcome him as a member of the Board.

Following the annual meeting on December 14, the Board approval the issuance of 1,300,000 stock options to directors, officers, and consultants pursuant to the Corporation's Stock Option Plan. The options have an exercise price of $0.13 per share expiring December 14, 2012.

Information on New Island and its properties can be viewed at www.newislandresources.com.

Statements contained in this release that are not historical facts are forward-looking statements, which involve known and unknown risks and uncertainties not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or expectations implied by these forward-looking statements.

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

Contacts: New Island Resources Inc. Harold L. Wareham President [phone] [phone] (FAX) Email: [e-mail] Website: www.newislandresources.com

SOURCE: New Island Resources Inc.

mailto:[e-mail] http://www.newislandresources.com
Copyright 2007 Market Wire, All rights reserved.

[XIO]

new pics
December 17, 2007: Construction Continues
http://www.anacondamining.com/phpAlbum/main.php?cmd=album&va…

Market Cap: 7 Mio CAD

[XIO]

aus dem SH Board:


"
The recession in the U.S. this year will be devastating for most stocks, especially stocks on the Vancouver Stock Exchange, but for NIS it will be a stellar year. Besides the opening of the Pine Cove Mine within a month or so, there will be other news releases that will bring NIS shares to new highs. Here are a few tidbits:

1. Within the 1st quarter, NIS is hoping to be trading on the Frankfurt Stock Exchange. Application is now in process.

2. Starting in May, there will be at least 4 drill rigs on Glover Island.

3. Talks are ongoing between Prominex and 3 other other companies about forming a joint Venture in the development of a zinc, copper, lead deposit in central Newfoundland. The 4 deposits are equivalent to that of AUR Resources (now owned by Tech Cominco)in Duck Pond. NIS has 8,000,000 shares of Prominex and and option to purchase another 8,000,000 shares at 13 cents.

Nugget Pond drill results will be released when available....be patient. In 2007, there was $160 million of exploration in Newfoundland as compared to $35 million 2 years ago. Obtaining drill results have slowed down tremendously.

NIS stock will pop soon and for those who will sell prematurely..... will whine again. NIS management now has all their ducks in the row...and I am in for the long haul.

Good luck and have a Happy New Year!"

[XIO]

Anaconda News heute:

"
- Pine Cove:

The mill process plant is now totally enclosed with all of the major components installed. Mechanical and electrical fabrication is ongoing relating to the installation of the crushers, ball mill, thickener & leach, merrill-crowe and tailing treatment. Construction of the tailing management facility is progressing with the excavation of organics to prepare for actual dam construction.

Construction of permanent office facilities, within the mill building, is progressing well, with occupancy scheduled for late January 2008. The power line contractor has substantially completed pole installation with the installation of cross-arms and conductors scheduled for late January. Energizing of this line by the end of January remains the current schedule. "

[XIO]

Mining for opportunities
Minerals Pine Cove project brings jobs to Baie Verte
http://www.thetelegram.com/index.cfm?sid=96626&sc=82

BAIE VERTE
PAM SNOW
Transcontinental Media

The province's newest gold mine is expected to open next month within six kilometres of Baie Verte.

The Pine Cove project will bring direct jobs and spinoff benefits to the region, and that's good news for Baie Verte Mayor Gerald Acreman.

"These people, whether they live in Baie Verte or the surrounding area, a lot of them will come into town to shop, so obviously that will have an impact on our business community," Acreman said.

Pine Cove general manager Allan Cramm said most of the site activity so far has involved the process mill. Utility poles have been erected, but the site won't have power until Jan. 31.

"Hopefully we will start to commission the mill in February," Cramm said.

Gold was first discovered at Pine Cove following a geochemical survey in 1988. By 1992, 12,540 metres of drilling had been completed and gold resources of approximately 277,000 ounces had been identified.

"The project started construction at the end of June 2007," said Cramm. "It's been a very extensive project for the area."

Main access roads were upgraded, foundations for the mill floor had to be poured, a storage and fabrication building was built, a haul road from the open pit to the mill was constructed and leach tank agitators installed.

Once the mill building was completed, key processing equipment was put into place, like drum filters, tanks, a conveyor and concentrator. Crushing equipment is also onsite.

More than 75,000 tonnes of waste rock has been blasted from the site since construction began.

"The feasibility study said it was a 12 to 15 year mine," said Cramm.

"We have about 25 people hired during construction - comprising of general contractors and heavy equipment contractors. Once we finalize and have a confirmed startup date, we will then start to hire our own personnel."

He said the mine will employ 40 to 45 people, a combination of company and contract employees.

Acreman said the project will be a real boost for the local economy.

"Baie Verte is a service centre, pretty much, for this area. We have been called 'the hub' of the peninsula, so it will have a very good impact on our local economy as a whole."

[XIO]

January 25, 2008 - Construction Continues

http://www.anacondamining.com/phpAlbum/main.php?cmd=album&va…

Cycline piping


Electrical to leach tank agitators



Office ready for gyproc



Overview - ball mill and pump box





Power line - conductor 500m from mill



Rock fill tailings dam

[XIO]

Home | Photoalbum :: Photos :: February 1, 2008 - Power Line Construction
http://www.anacondamining.com/phpAlbum/main.php?cmd=album&va…

[XIO]

New Island Reports on Advisory Board Appointments

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, Mar 03, 2008 (MARKET WIRE via COMTEX News Network) --

New Island Resources Inc. (New Island)(TSX VENTURE: NIS) of St. John's, NL is pleased to announce the appointment of Dr. Stephen J. Piercey (Ph.D., P.Geo), and Mr. Baxter F. Kean (M.Sc., P.Geo) to its Advisory Board. The Advisory Board will provide to the Board of Directors and management, industry perspective, overview and recommendations relating to the company's projects and direction.

Dr. Piercey received his M.Sc. in Economic Geology and Igneous Petrology from Memorial University of Newfoundland, and his Ph.D. in Economic Geology and Lithogeochemistry from the Mineral deposits Research Unit, University of British Columbia. Dr. Piercey has been professor and researcher in the Mineral Deposit Research Unit (MDRU), Department of Earth Sciences, Laurentian University since graduating in 2001. Dr. Piercey has over 10 years experience in regional and thematic mapping, stratigraphic and alteration studies, metallogeny (including volcanogenic massive sulphides and orogenic gold) and tectonics. He also has had his own consulting business since 2006. He has over 110 publications, abstracts, reports, and contributions. Dr. Piercey has also received numerous national and international awards, including the William Harvey Gross Medal (GAC) and the Waldemar Lindgren Medal (SEG).

Mr. Kean received both his B.Sc. and M.Sc. in Geology from the Department of Earth Sciences, Memorial University of Newfoundland. Mr. Kean has over 40 years in geology and mineral deposit studies. Mr. Kean worked with the Geological Survey of Newfoundland and Labrador, Government of Newfoundland and Labrador for 33 years as a project geologist and manager, and has been providing consulting services since his retirement in 2005. Mr. Kean has had a varied career including regional mapping, mineral deposit studies and client services. He has over 80 publications, abstracts and government reports and maps to his credit. Mr. Kean has received a number of awards and recognitions throughout his career, and is an active member and volunteer with local and national organizations and societies.

The company is pleased and honoured to be able to attract these gentlemen to its Advisory Board and to be able to draw upon their valuable insight, experience and expertise as it advances its various mineral projects in Newfoundland and Labrador.

[XIO]

Mar 19, 2008 08:30 ET
Anaconda and New Island Update Pine Cove Development and Exploration


TORONTO, ONTARIO--(Marketwire - March 19, 2008) - Anaconda Mining Inc. ("Anaconda") (TSX:ANX)(FRANKFURT:GJ2) and New Island Resources Inc. (TSX VENTURE:NIS) ("New Island") are pleased to provide an update on the Pine Cove Gold Project ("Pine Cove" or the "Project"), located near Baie Verte, Newfoundland and Labrador, including an update on the final phase of mine construction and results of recent exploration drilling. Results from the current exploration program have shown two zones of gold mineralization outside of the current resource area, both of which are open down dip and along strike.

Mine Commissioning

Construction at Pine Cove, the newest gold mine in Newfoundland and Labrador, began in June 2007 and gold production is anticipated to commence in April, 2008. Major milestones reached since the last corporate update on October 22, 2007 include:

- Electrical power to site and plant motor control center energized

- Complete crushing system commissioned

- Gekko Concentrator commissioned

- Plant piping 95% complete

- Plant electrical +90% complete

- Installation complete on all major components

- Positive completion of Environmental Assessment by Fisheries and Oceans Canada

- Wet/solid commissioning expected to be complete by end of March

Pine Cove hosts probable reserves of 2.3 million tonnes ("Mt") grading 2.8 grams gold per tonne ("g/t Au") (207,000 ounces of contained gold). Inferred resources total 0.67 Mt grading 2.4 g/t Au (5,200 ounces of contained gold). The above reserves and resources were prepared utilizing a cut-off grade of 0.95 grams gold per tonne and an average gold price of US$400. The mill facility at Pine Cove will process 500 tonnes per day at full capacity and the production goal for 2008 is 16,000 ounces of gold.

Exploration Program

A four hole, 1,051.7 metre ("m"), diamond drill program was conducted on two targets north of the current resource area at Pine Cove in December, 2007.

Holes PC-07-176 and PC-07-177

Holes PC-07-176 and PC-07-177 were collared 60 m north of the northern margin of the proposed open pit to test a shallow gold-mineralized zone. Previous drilling of this zone encountered pyritization and gold mineralization, including a high grade zone in PC-00-113 which returned 7.8 g/t Au over 3.7 m.

Holes PC-07-176 and PC-07-177 were drilled on the same section, with PC-07-177 drilled down dip of PC-07-176. Both holes intersected alteration and pyrite mineralization at 80 to 90 m downhole. Hole PC-07-176 averaged 6.0 g/t Au over a 4.1 m interval, which included two high-grade intercepts of 19.1 g/t Au over 0.6 m and 14.4 g/t Au over 0.8 m (see Table 1 for a summary of significant results). Hole PC-07-177 intersected 33.5 g/t Au over 1.1 m, within a broader interval which averages 11.6 g/t Au over 3.4 m; however it should be noted this 3.4 m section includes a low-grade interval of 0.1 g/t Au over 1.1 m.

[XIO]

[XIO]

NIS hält 20% an Prominex

Prominex Intersects High-Grade Combined Base Metals of 19.38% Over 6.87m, Including 34.68% Over 1.87m in T-3A Lens at Tulks Hill

ST. JOHN'S, NEWFOUNDLAND, Mar 19, 2008 (Marketwire via COMTEX News Network) --

Mr. Lorne B. King reports:

Prominex Resource Corp. (TSX VENTURE:PXR) announced today that diamond drilling at the Tulk's Hill Property has intersected high grade base metal massive sulphides in the T-3A & T-3B lenses. The most recent drill program was planned on recommendations from and in consultation with Scott Wilson RPA (RPA), a diversified consulting engineering firm. The purpose of the drill program was to delineate the T-3A & T-3B lenses prior to the finalization of an NI 43-101 resource estimate on the T-3 zone, which the company anticipates receiving in April, 2008. While the drilling shows metal grades exceeding historical averages, it is unlikely that the T-3 zone volume will change. Ten of the twelve holes were oriented to test for mineralization beyond the known strike and plunge depth of the T-3 zone and were exploratory in nature. Holes RPA-04 and RPA-14 were drilled within the known strike and plunge of the T-3 zone and intersected high-grade base metals. Hole no. RPA-01, drilled outside the known strike, showed significant base metal assay results. All other holes drilled outside the known strike and plunge depth showed no significant assay results.

Summary table:

---------------------------------------------------------------------------
True
Hole Width Cu Pb Zn Ag Au
No. From (m) To (m) Interval (m) (m)(i) % % % g/t g/t
---------------------------------------------------------------------------
RPA-01 109.0 113.0 4.0 3.38 0.01 0.85 2.48 27.63 1.29
---------------------------------------------------------------------------
RPA-04 11.0 12.2 1.2 1.0 1.38 2.85 8.45 151.6 1.93
---------------------------------------------------------------------------
RPA-04 32.63 39.5 6.87 5.3 0.94 3.28 15.16 86.23 1.23
---------------------------------------------------------------------------
Including 32.63 34.5 1.87 1.44 0.56 5.07 29.05 105.9 1.29
---------------------------------------------------------------------------
RPA-14 12.76 18.01 5.25 3.2 0.75 2.04 4.67 101.4 0.93
---------------------------------------------------------------------------
RPA-14 45.5 55.5 10.0 6.0 0.75 1.05 8.47 44.08 1.05
---------------------------------------------------------------------------

(i) Estimate of ore thickness perpendicular to the lens, based on observed
geological data


The part of the drill program encompassing the T-4 zone, halted in December, 2007, will be completed in 2008 when weather conditions permit. Prominex will also commence a new drill program in 2008 based on additional recommendations by RPA to obtain an NI 43-101 total resource estimate on Tulks Hill Property.

In 1980, an internal company report prepared by ASARCO/Abitibi geological staff reported a total inferred Property resource of 730,000 tonnes grading 5.5% Zn, 2.1% Pb, 1.1% Cu, 45 g/t Ag and 0.4 g/t Au. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. Prominex is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

Prominex has earned a 51% interest in the Property under an agreement between Prominex and Buchans River Limited. The agreement provides that Prominex will be the operator of an unincorporated joint venture to operate the Property. A formal joint venture agreement is in the process of being finalized.

QUALITY ASSURANCE

Exploration on the Tulks Hill property is being conducted under the direction of Paul O'Brien, B.Sc., P.Eng., Prominex's Vice President of Exploration and Development and Project Geologist Denis Walsh, B.Sc., P.Geo., both of whom are "qualified persons" as defined by National Instrument 43-101. Mr. Walsh is responsible for the preparation of technical information in this news release.

Drilling was conducted by Cartwright Drilling, an independent Canadian contractor with an office in Goose Bay, NL.

All samples were collected in accordance with industry standards and submitted to Eastern Analytical Limited, Springdale Newfoundland. The company has implemented Quality Assurance and Quality Control procedures which involve the inclusion of control samples.

ON BEHALF OF THE BOARD OF DIRECTORS:

Lorne B. King, President and CEO

[XIO]

More gold found at Pine Cove
http://www.thetelegram.com/index.cfm?sid=119422&sc=82



Industry/Environment Processing ore to begin in April
NADYA BELL
The Telegram

Harold Wareham says they've struck gold at Pine Cove - again.

Wareham, president and CEO of New Island Resources says they have found two new areas of rock rich in gold very close to their open-pit gold mine and processing plant in the Baie Verte peninsula.

The joint venture with Anaconda Mining Inc. should begin processing ore next month, Wareham says. Originally, the project had been scheduled to begin producing gold by the end of last year.

Four exploration drilling holes show two new areas of gold mineralization - rock rich in gold ore -100 metres north of the existing pit, Wareham says.

But they need to do more drilling to tell exactly how much gold is there, he says.

"That's not really enough to prove anything, other than we know that there's gold there. And we know it's a reasonable grade, and certainly warrants potential for increasing the resource of the property," Wareham says.

"Anything that you find of reasonable grade near a mill certainly makes it more economic, rather than have to justify building a mill."

Wareham says he hopes production will start next month. They have already installed the major components for the plant, and the piping and electrical work is nearly complete. He says they have done most of their key hiring for the plant, but are still hiring people to work in production.

Processing rock

New Island Resources estimates that the Pine Cove site has 207,000 ounces of gold, not including the most recent finds. To get at this gold, they'll need to process 2.3 million tonnes of rock. They hope to process 500 tonnes a day at full capacity, for a total of 16,000 ounces in 2008.

New Island calculated the economic feasibility of the project with gold priced at US$400 an ounce. But in recent weeks gold prices have hit all-time highs, climbing to over US$1,000 an ounce for several days last week, and gold is still selling at just over US$900.

"Certainly with the price of gold doubling, it enhances the profitability of the project, and makes it very attractive. Hopefully the price of gold stays there," Wareham says.

Wareham says market indications are that the price of gold will stay in the high range.

The high prices are affecting the entire industry, with more exploration and people considering re-opening old mines, he says.

According to New Island Resources' agreement with their partner Anaconda, all money earned by the mine will go to Anaconda until the capital spending on the project is repaid.

[e-mail]

[XIO]

http://www.marketwire.com/mw/release.do?id=839963

Apr 03, 2008 11:00 ET
Anaconda Extends Maturity Date on the Pine Cove Gold Mine Credit Facility

TORONTO, ONTARIO--(Marketwire - April 3, 2008) - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) announces that the Company and Auramet Trading, LLC (collectively the "Parties") have agreed to an extension of the maturity date of the credit facility regarding the development of Anaconda's Pine Cove Gold Mine, located in Baie Verte, Newfoundland and Labrador. As at March 31, 2008, Anaconda had repaid, as per schedule, US$1.5 million of the outstanding original principal amount of US$2.5 million of the facility, leaving an outstanding balance of US$1 million. The maturity date of the outstanding balance has been extended from March 31, 2008 to May 31, 2008.

Lewis Lawrick, President and CEO of Anaconda comments, "Construction at Pine Cove commenced in June 2007 and despite minor delays in the construction and commissioning schedule over this past, severe winter at Pine Cove, gold production is imminent. As such, and in line with our financial management practices, we have extended repayment of the final balance of principal on this facility to coincide with cash flow from mining operations." All other terms of the original credit facility remain in effect, including the conversion feature.

Final commissioning of the Pine Cove mill facilities is now underway; the front end of the plant including crushers, surge bin, stacker, reclaim and concentrator has been fully commissioned. Wet commissioning associated with the remainder of the plant is ongoing to be followed by solids commissioning. Gold processing is therefore scheduled to commence mid-month. In anticipation thereof, the company is currently hiring additional employees to fulfill production roles within the plant.

As previously announced on March 19, 2008, upon commencement of commercial production at the Pine Cove Mine, Anaconda will have satisfied all obligations to earn its 60% interest in the Pine Cove joint venture from New Island Resources Inc. (TSX VENTURE:NIS) ("New Island"). New Island will retain a 40% interest in the Pine Cove Mining Project. Anaconda will earn 100% of project cash flow until repayment of capital expenditures is completed. Under the terms of the joint venture agreement, Anaconda will also receive a 5% management fee over the life of the mine.

About Anaconda Mining

Anaconda is a Toronto, Canada based mining company with a portfolio of advanced-stage exploration projects in Canada and South America. The diversified portfolio is supported by near-term cash flow from the Pine Cove gold mine in Newfoundland and Labrador, which is targeted for production in the spring of 2008. The Company is presently focused on the San Gabriel Iron Project in Chile, where it has identified several zones of magnetite-iron mineralization. It is advantageously located close to road, rail, electricity and deep-sea port facilities. The Company plans to continue to aggressively explore this project to evaluate its potential to host economic concentrations of iron mineralization. The Company is actively pursuing new opportunities to compliment its existing portfolio.

Certain statements contained herein constitute "forward-looking statements". These forward-looking statements are based on current expectations. The nature, timing and extent of the exploration programs and gold production at Pine Cove may materially change from current intentions for a number of reasons. Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "may," "estimates," "expects," "indicates," "targeting," "potential" and similar expressions. Information concerning the interpretation of drill results also may be considered forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present if and when a project is actually developed. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations as more information regarding the property is gathered or if known and unknown risks or uncertainties affect the Company's business, or if the Company's estimates or assumptions prove inaccurate. Subject to applicable laws, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.

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

[XIO]

New Pine Cove Pics:
http://www.anacondamining.com/phpAlbum/main.php?cmd=album&va…

Produktionsbeginn steht jetzt unmittelbar bevor!!!!!!!!!!!!!!

[XIO]

Marktkapitalisierung: 9.4 Mio Canadian Dollar @ Shareprice 0.2 CAD = 5.92 Mio Euro

[XIO]

heute das erste mal "richtig" Umsatz

200.000 shares sind für NIS viel

[IQ4U]

Guten Morgen XIO,

grüße Dich!

Schade, dass hier relativ wenig los ist in Deinem Board. Alle tummeln sich bei Anaconda, dabei wird NIS ja mit Anaconda zusammen auch zum Produzenten.

In Kanada ist das Verhältnis umgekehrt, da ist bei stockhouse.com mehr Betrieb im NIS-Board als im ANX-Board...

Wenn der Startschuss erst einmal gefallen ist, dann wird das Interesse zunehmen. Aktuell kennen uns ja noch nicht gerade viele Investoren.

Stay long - stay cool!

[XIO]

Antwort auf Beitrag Nr.: 33.885.850 von IQ4U am 15.04.08 09:59:25

naja, wird schon werden


heute ein gar enthusiastisches Statement im SH Board:
http://www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&…

aber im Prinzip isses so.

[XIO]

NEW ISLAND RESOURCES INC.
Suite 602, TD Place, 140 Water Street, St. John's, NL A1C 6H6 Canada
Telephone: [phone] Facsimile: [phone]


Friday, April 18, 2008
Trading Symbol: TSXV:NIS



--------------------------------------------------------------------------------


New Island reports on Drilling Results in the Nugget Pond Area
New Island Resources Inc. (New Island)(TSXV:NIS) of St. John's, NL reports that assay results from the previously reported drill holes (Press Release November 28, 2007) on the Long Pond-Castle Rock (Tilt Cove) area at the northeast end of its Nugget Pond claim blocks on the Baie Verte Peninsula in Newfoundland have been completed and received.



These holes were designed to test gold-prospective areas within the Nugget Pond Horizon, host to the former Nugget Pond gold mine located approximately 9 kilometers to the southwest. These prospective areas were defined by previous exploration programs and were recommended follow-up targets. All five holes hit their targets and selected samples were taken from the most prospective zones.



Drill holes TC-07-01, 02 and 05 were testing the Nugget Pond Horizon underneath the Castle Rock showing/Garvey trenches. Previous exploration had reported grab samples yielding up to111.5g/t Au and channel up to 25.4g/t Au over 1.1 meters. All of the pyritized Nugget Pond Horizon sediments carried anomalous gold, and hole TC-07-01 had the most significant values at 3.6 g/t over 3.0 meters, or 4.2 g/t over 2.3 meters occurring in red mudstone with 1 to 2 % 4-mm euhedral pyrite associated with quartz - carbonate veining. TC -07-02 was drilled 100 meters east of TC-07-01 and did not return any significant assays. TC-07-05 was drilled 50 meters down dip of TC-07-01 and intersected 3.974 g/t Au over 0.5 meters or 2.035 g/t Au over 1.1 meters.



TC-07-03 was drilled to test an IP anomaly associated with the Nugget Pond Horizon underneath the east arm of Long Pond. It carried anomalous gold values in the pyritized Nugget Pond Horizon sediments, with the highest value being 0.795 g/t Au and 6.16 g/t Ag over 0.9 meters. Hole TC-07-04 had no assays and was drilled underneath trenching and channel sampling that had previously given 1.84g/t over 3.0 meters in altered and pyritized basalt and talc schistose ultramafics.



Further detailed geological and geophysical surveys should be undertaken to further identify and define potential targets.



New Island Inc. also wishes to report that a two hole drill program has been completed on its claims optioned from South Coast Ventures Inc. (Press Release November 28, 2007). These claims are located in the West Pond area, about 800 meters northeast along strike from the former Nugget Pond gold mine and are underlain by the gold-bearing Nugget Pond Horizon. These holes were designed to test the Nugget Pond Horizon containing coincident IP and magnetic anomalies in the area of a cross-cutting structure. They both intersected the targeted Nugget Pond Horizon. In hole WP-07-01 the Nugget Pond Horizon consisted of dark green and red siltstones and mudstones and carried anomalous gold values up to 644 ppb and 2.8 g/t Ag over 0.3 meters as well as another sample assaying 8.90 g/t Ag over 0.3 meters with anomalous gold values. The upper sediments in this hole are very similar to the black to dark green sediments at the former Nugget Pond mine with 5 -10 % disseminated to laminated pyrite. Hole WP-07-02A, drilled 75 meters to the east of WP-07-01, intersected the Nugget Pond Horizon sediments and returned no significant gold or silver assays but had 1.19% Cu and 750 ppm Pb. Further evaluation of the distribution and style of the Nugget Pond-type alteration and mineralization should be undertaken to determine the location of any future mineral exploration.





Mr. Kevin Regular, B.Sc., P.Geo, is a qualified person within the meaning of National Instrument 43-101 (NI-43-101) and is responsible for the technical material in this release. Mr. Regular has verified the data disclosed in this release, including the sampling, analytical and test data underlying the information. Geological logging, sampling and core handling procedures were carried out under the supervision of Mr. Regular.



For further information, please contact:

Harold L. Wareham, President

[phone]

[e-mail]

[XIO]

Anaconda begins production at Pine Cove

2008-05-05 10:36 ET - News Release

See News Release (C-ANX) Anaconda Mining Inc

Mr. Lew Lawrick of Anaconda reports



ANACONDA COMMENCES GOLD PRODUCTION AT PINE COVE



Anaconda Mining Inc. has begun production at its Pine Cove gold mine, located near Baie Verte, Nfld. Solids commissioning has now been completed and on May 2, 2008, the company received its mill licence from the Province of Newfoundland and Labrador, the final step in the regulatory and permitting process for production. Construction of the project began in June, 2007, and was completed within established capital budget allocations, despite severe winter construction conditions.



The Pine Cove gold mine is projected to produce 13,000 ounces of gold in 2008. As a result of Anaconda financing the mine through to production, it will earn its 60-per-cent interest in the Pine Cove project from New Island Resources Inc., the company's partner at Pine Cove. The Pine Cove mine will produce gold at a time of high metal prices and increasing demand. Incremental cash flow to the company will finance continuing exploration work on its portfolio of projects in Canada and Chile.



Lew Lawrick, president and chief executive officer of Anaconda, comments: "We are excited to bring the province's newest gold mine on-line within the current climate of high gold prices. I would like to congratulate Pine Cove general manager Allan Cramm and the rest of the Pine Cove team for all their hard work and dedication to this project. Now that commissioning is complete and production is under way, we can focus our attention on optimizing production and evaluating additional target areas on the property." Mr. Lawrick added: "The benefits of the Pine Cove gold mine will undoubtedly be advantageous to the community of Baie Verte and to the province. We acknowledge and appreciate their support throughout the construction phase."



The company is extremely appreciative of the entire Pine Cove construction team whose attention to safety and the environment are commendable. Approximately 50,000 person-hours relating to mill construction and mine development were recorded by the company and its primary contractors, all without a single lost-time accident or environmental incident.



The mill at Pine Cove incorporates a Gekko gravity concentrator at the front end of the plant, allowing for maximum utilization of the grinding and leach circuit. Commissioning testing has confirmed throughput at above 22 tonnes per hour, the target capacity of the plant. The processing circuit, including the crushing plant, has many features to allow for throughput and recovery optimization which ensures safe and efficient operations.



The feasibility study for Pine Cove was completed in March, 2005, using a projected gold price of $400 (U.S.) per ounce, significantly below the current gold price and recent highs in excess of $1,000 (U.S.). The company sees excellent potential for the revaluation of zones of mineralization which were not considered ore at this historical price. It is also considering exploration outside of the current planned pit area. These include a recently drilled target area located just 100 metres north of the proposed pit, as well as the Romeo and Juliet zone, located in the northern part of the property. As reported in Stockwatch March 19, 2008, the company reported recent diamond drilling which intersected 3.7 grams per tonne Au over 10.5 metres, including 13.0 g/t Au over 0.4 metre and 29.1 g/t over 0.3 metre, thereby confirming the down dip potential of the main zone. Farther north at Romeo and Juliet, past work has returned grades as high as 23 g/t Au over 1.0 metre in a chip sample.



John Cook, PEng, a designated qualified person as defined by NI 43-101 of the Canadian Securities Administrators, is responsible for reviewing the contents of this news release.



We seek Safe Harbor.

[XIO]

NIS ist ab sofort Producer..wenn auch ein kleiner...

[XIO]

hat bisl gedauert zur Zündung, aber es geht was:

[XIO]

GOLD PRODUCTION - Pine Cove hits its stride

http://www.canadianminingjournal.com/issues/ISArticle.asp?id…

[XIO]

Baie Verte mining resurgence dominates conference
http://www.thetelegram.com/index.cfm?sid=144486&sc=79

The resurgence of mining on Baie Verte Peninsula dominated the 21st annual Mining Conference in Baie Verte on the weekend and formed the foundation for a celebration of the industry.
“The entire Baie Verte Peninsula is a buzz with mining activity,” Natural Resources Minister Kathy Dunderdale said. “The Pine Cove gold mine is up and running, Nugget Pond is processing gold ore from Greenland and Rambler Metals is proceeding with pre-feasibility work around the old Ming copper mine. Baie Verte is quickly returning to its former glory as a mining centre in the province.”
More than 200 delegates attended this year’s event making it one of the best-attended mining conferences in recent memory. The Baie Verte Peninsula played a pivotal role in the province’s early mining history with gold, copper, asbestos and other mining operations. The recent string of mining successes in this area and across the province was the focus of the weekend.
“We’re averaging one new mine per year in the past four years, which demonstrates that we have the right resources, business climate and policies to compete for and attract investment,” Dunderdale said. “The value of our mineral shipments and exploration expenditures are approximately four times higher than five years ago and this government is dedicated to building on this momentum to ensure long-term growth in this industry.”
The minerals sector is playing an increasingly important role in the province, especially in rural areas. Mining activity directly employs about 4,000 people throughout Newfoundland and Labrador.
16/06/08

[XIO]

Last updated at 11:48 AM on 18/06/08

Local mines prosper
21st annual mining conference a success

http://www.thenorwester.ca/index.cfm?sid=145129&sc=354

BAIE VERTE
PAM SNOW
The Nor'wester

Good news from the regions mining companies dominated the 21st Annual Mining Conference in Baie Verte which was held over the weekend.

During the paper presentations on Saturday, representatives from Anaconda, Rambler Metals and Mining and Crew Gold presented updates on their operations to about 200 participants in attendance.

Jamie Bounds and Wallace Pinksen of Crew Gold presented 'From Greenland to Gold', which informed those who weren't familiar with their operation on how the Nugget Pond facility operates.

The mine that ships ore to Nugget Pond is located in southwest Greenland about 35 km northeast of Nanortalik.

"The ore is shipped 1,500 kilometers to Goodyear's Cove, which is a three day trip in ideal conditions," said Mr. Bounds. "Since production started fifteen cargo ships have docked and have been unloaded."

A fleet of eight trucks transport 32 tons of ore the 144 kilometers to Nugget Pond for processing. From there the gold bars are made ready for the Royal Canadian Mint.

Rambler Metals and Mining president and CEO George Ogilivie informed everyone that the Rambler Mine located near Ming's Bight on the Baie Verte peninsula was about to enter its pre-feasibility study.

The mine just completed a scoping study and there is an estimated 16 million tonnes of ore principality located in the footwall of the mine.

"The estimated life of the mine is thirteen years," said Mr. Ogilivie. "We were pleased to know that we have an estimated life expectancy of over ten years."

Mr. Ogilivie also said that dewatering at the mine will be complete next month.

"Sometime next month the water will be all gone and we also had our second drill come this month and it is now underground at the mine," said Mr. Ogilivie. "We have overcome many things so far and there are still some challenges ahead, but I'm sure we can overcome them as well."

Another successful milestone for the Baie Verte peninsula is the province's most recent gold mine, Pine Cove. The mine is a project by Anaconda mining and project manager Allan Cramm was on hand to give an update on the operation.

The project took flight on June 28, 2007 with construction equipment on site. The mill foundation was poured by August and the structure was soon filled with tanks and other necessary equipment before being completely enclosed by the end of October.

February 12 of this year the site had power and began commission shortly after.

"It's been a great year and we look forward to years to come," said Mr. Cramm.

Although many of the current successes were the focus of the paper presentations, the Baie Verte mine (Advocate mine) which operated 1963 - 1994 and the old Rambler property which operated from 1964 - 1982, was also a concern for Alex Smith of the Department of Natural Resources.

"Locals have been accessing the property at the Baie Verte mine and taking pieces of equipment, infrastructure and have even attempted to knock over a light pole in which they were only half successful," said Mr. Smith.

"This spring, there were chemicals found around the property. Someone had entered and smashed various chemicals outside. After contacting the company and speaking with them on the various chemicals whose bottles were empty, the nature of one chemical in particular, it was lucky there wasn't a fatality because of the act."

Various issues at both sites include polychlorinated biphenyls (PCB's), fuels and other health and safety issues.

"The number one safety hazard is the deteriorating buildings at both sites," said Mr. Smith. "One collapsed over the winter and the others that remain will be demolished."

The department has put a three year rehabilitation program in place to address these issues at both sites.

"Over the next three years there will be minor demolition at Rambler," said Mr. Smith. "The bunkhouses and other structures on the site will be demolished this year in fact. Disposal of chemicals and radiations at Rambler is also an important step. We believe ext all the PCB's should be removed from that site by next week."

The department will also be testing the air quality over Baie Verte in the coming year.

"We will be doing air quality monitoring because when the asbestos mine was in production in Baie Verte, there was asbestos traces in the air," he said. "So we will be testing the air once again.

"We will also conduct a slope stability assessment on Baie Verte mine to ensure the slope near Highway 410 is in fact safe."

Included in the three year program is the demolition of the crusher, warehouse and tanks at the Baie Verte mine as well.

Mr. Smith also asked for the assistance of the general public in keeping individuals off the dangerous properties.

"If anyone sees suspicious activity around the site, they should contact the RCMP," he said. "Not only because access to the site is restricted, but to ensure no one gets hurt."

Minister of the Department of Natural Resources Kathy Dunderdale spoke of her department's commitment to mining in the province.

"We currently have many operations taking place on the island," she said. "The biggest operation right now being ICO and they employ over 1,500 employees."

Minister Dunderdale said the government will invest 1.5 million towards geographical mapping and have taken new initiatives to keep exploration on the forefront for investors.

"We have 11 geographical mapping programs taking place this year and mineral exploration permits can now be processed online," she said. "There will also be 1.5 million dollars to go towards field activity and this will allow this region and the province to compete with the mineral market on a global scale."

MHA for Springdale - Baie Verte Tom Rideout said he also believes Baie Verte is the hub for mining activity in the province.

"This region has a lot of economic opportunity," he said. "There are a lot of positives in the industry right now and great demand for the mining industry in the province and in the country.

"It's brining a renewed feeling to the region and hopefully it will continue for years to come."

Mining committee chair Lloyd Hayden said overall he believes the mining conference was a great opportunity for many businesses in the area.

"It went really good and the conference was a success again this year," he said. "It was a little bit down in numbers compared to last year, but there still seems that there were a lot of networking between participants, suppliers and the mining companies.

"Everyone seemed to have a really good time and there was a lot of information passed back and forth."

Mr. Hayden said it was great to see three of the major mining companies in the area have such a positive update this year.

"We have the Pine Cove property operating at full speed ahead and the Rambler had their update and they look like they are doing very well as well," said Mr. Hayden. "Along with the College of the North Atlantic looking at hosting courses for the industrial side of the industry. It would be great to see them support the industry by supporting the people and training people for the sector."

Mr. Hayden said he was also pleased that the silent auction went so well.

"The Sam Blagdon trail will be receiving the funds from the silent auction, which was $1,500," he said. "Sam was a good person and a driver of the mining industry in this region, so to do that in his memory at the mining conference was a really good idea and meant a lot."

Department of Natural Resources Minster Kathy Dunderdale gave a brief update of various mines in the province to the crowd on Friday evening.

[XIO]

Anaconda Updates Progress at the Pine Cove Gold Mine and Announces Loan Facility

TORONTO, ONTARIO, Jul 03, 2008 (MARKET WIRE via COMTEX News Network) --

Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) is pleased to provide an update on start-up of the Company's Pine Cove Gold Mine ("Pine Cove"), located near Baie Verte, Newfoundland. Work at Pine Cove since the Company's previous update (See Anaconda News Release dated May 5, 2008) has focused on optimization of the mill and operator training. The back end of the mill, which includes the grinding circuit, leaching tanks and recovery of gold in solution, is now operating within design parameters. Mine personnel, along with a Commissioning Technologist from Gekko Systems, continue to conduct optimization studies on the Gekko gravity concentrator at the front end of the mill. This work is focused on refining the first-pass separation of ore and waste and thereby maximizing gold recovery. Throughput since early June has averaged approximately 250 tonnes per operating day and initial ore feed to the mill has averaged 3.0 grams of gold per tonne, which is slightly higher than the projected life of mine average. The staged commissioning of the Gekko is necessary to ensure that it achieves operating specifications as defined by the engineered plant design. While the plant has not yet reached its overall operating production capacity as per design, gold is being accumulated in inventory and a decision on proceeding with an initial gold pour will be made by the Company in due course.

As a result of the ongoing optimization and longer than anticipated ramp-up to full production at Pine Cove, the Company has arranged a 7.5% convertible unsecured loan facility of up to $1.5 million (the "Loan Transaction") from Thorsen-Fordyce Merchant Capital Inc. ("Thorsen-Fordyce" or the "Holder"), an insider of the Company controlled by Lewis Lawrick, President, CEO and Director of Anaconda. The Loan Transaction will ensure the Company has sufficient funds for its near term working capital needs at Pine Cove, and accordingly will not impinge on the budgeted working capital committed to the funding of Anaconda's ongoing exploration of its portfolio of exploration projects, in Chile and elsewhere.

The Loan Transaction allows the holder to convert the indebtedness, in whole or in part, into units of the Company, each unit consisting of one common share and one half of one common share purchase warrant, at the greater of (i) $1.00 per unit, and (ii) the volume weighted average trading price of common shares of the Company for the twenty trading days immediately preceding the date of the notice of conversion (the "Conversion Price") per unit. Each whole warrant received on conversion will entitle the holder to purchase one common share during 18 months after the date of conversion (i) at a price of $1.25 per share where the conversion price was $1.00, or (ii) at a price equal to 1.25 times the Conversion Price (as defined above).

Thorsen-Fordyce, which currently holds 11.9% of the issued share capital of the Company, is a "related party" as defined in Multilateral Instrument 61-101 ("MI 61-101"). The issue of the Loan Transaction to Thorsen-Fordyce will constitute a "related party transaction" under MI 61-101. Control of the Company will not be materially affected by the issue of the Loan Transaction. Anaconda is exempt from the formal valuation requirement of MI 61-101 in connection with the issue of the Loan Transaction in reliance on section 5.5(a) of MI 61-101 as neither the principal amount of the Loan Transaction, nor the fair market value of the consideration for the maximum number of securities of the Company issuable on conversion of the loan, exceeds 25% of the Company's market capitalization. In addition, the Company is exempt from the requirement to obtain minority shareholder approval of the issue of the Loan Transaction in reliance on section 5.7(1)(a) for the same reasons.

The Company's independent directors have approved the Loan Transaction, which is also subject to TSX approval. The Company has applied to the TSX for approval of the Loan Transaction.

John Cook, P.Eng., a Director of the Company and designated Qualified Person as defined by NI 43-101 of the Canadian Securities Administrators, is responsible for reviewing the contents of this news release.

[XIO]

Jul 23, 2008 08:57 ET
Anaconda Announces First Gold Pour at Pine Cove

TORONTO, ONTARIO--(Marketwire - July 23, 2008) - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX), is pleased to report that on July 16, 2008, the first gold was poured at its Pine Cove Gold Mine ("Pine Cove") in Baie Verte, Newfoundland. The pour yielded three gold dore bars with a collective weight of 140.43 oz. As previously announced (see Anaconda Press Release dated July 3rd, 2008), mine / mill commissioning and optimization studies are ongoing. Mill throughput is approaching engineered design specifications as gold recovery at each stage of the mill circuit reaches acceptable levels as per plant design. Currently, the inventory of broken ore, including the fine ore stockpile, coarse ore stockpile and broken ore in the pit, measures 26,141 tonnes at a calculated grade of 3.68 g/t.

On achieving this milestone Lewis Lawrick, President and CEO commented: "we are thrilled to be announcing our first gold pour at Pine Cove and I congratulate the team under the leadership of General Manager Allan Cramm for their commitment to this project. We look forward to ramping up to full production at this time of record high gold prices."

Construction at Pine Cove began in June 2007 and was completed within established capital budget allocations, despite severe winter construction conditions. Pine Cove is designed to process 500 tonnes of ore per day and produce approximately 16,000 ounces of gold annually from probable reserves of 2.3 million tonnes of ore grading 2.8 grams of gold per tonne (207,000 ounces of contained gold). Inferred resources at Pine Cove total 0.067 million tonnes of ore grading 2.4 grams of gold per tonne (5,200 ounces of contained gold).

[XIO]

Pine Cove Update
Marbob11
10/9/2008 8:41:35 PM | | 31 reads | Post #23789360


I spoke to a "friend of a friend" who works at the plant and he stated that the only problem they have now is controlling the size of the material going into the concentrator which ranges from dust to 3/8" rock. Various screen applications has been tried and, at times, they have reached 90% recovery rate....but can't maintain it due to inconsistency of the particle size of the ore material. An Australian manufacturing consultant is on board assisting the technical staff. They are producing gold but the amount to date is unknown by this individual. The rest of the plant is working perfectly. They believe that a solution is close at hand. Also, ANX's main office is keeping the pressure on them.

[timezone]

Antwort auf Beitrag Nr.: 35.518.129 von XIO am 10.10.08 16:09:25

Hallo XIO

Sag mal weißt Du ob NIS noch in Pine Cove zusammen mit Anaconda weiter nach Gold sucht?
Die Aktie ist ja auch ganz schön abgestürzt. Hat wenn das mit der Produktion voll läuft und die Kosten für den Bau der Mine verdient worden sind gutes Potential. Bin am überlegen ob ich mir nicht ein paar zulegen sollte.

[XIO]

Antwort auf Beitrag Nr.: 36.151.637 von timezone am 05.12.08 06:48:11

es wird weiter exploriert

auch interessante (wenn auch knappe) Aussage zu Glover Island projekt von Crew Gold:

http://www.crewgold.com/pdf/investor_presentation_december08…

Initial review of Glover Island exploration results is extremelypromising
siehe:
http://www.newislandresources.com/property_glover.php

[XIO]

Antwort auf Beitrag Nr.: 36.151.637 von timezone am 05.12.08 06:48:11

PS, die suchen nicht nur, die produzieren bereits

[XIO]

Antwort auf Beitrag Nr.: 36.151.637 von timezone am 05.12.08 06:48:11

aus dem Anaconda Board:

(PC = Pine Cove)

Chaps,

I understand from talking to a few people that things are progressing on a satisfactory basis, even if original hopes & plans are unlikely ever to be achieved. PC is producing and gold is being sold on the market. However, throughput is running at 400t per days against a target of 500t and it is unlikely that throughput will rise much above 400t per day. Recovery is also running at about 85% of anticipated so overall the level of output is down quite significantly from the business case assumptions. Talks with the nearby neighbouring mill are progressing. That firm had already budgeted to mothball their mill so are delighted that they can 'regain' some or all of those funds. ANX is currently trying to agree a price for using the mill and for transport of their ore.

With regards to Chile and iron ore - apparently they are working on a couple of deals with big local smelters/steel producers and whilst nothing's going to happen this year it is quite possible that something might happen in early-ish 2009.

I also understand that several of the senior management team are so heavily invested in ANX stock that they cannot afford for it to fail as it would wipe them out - apparently at least one of them had taken out a 2nd mortgage on his family home in order to stay invest at prices nearer C$1.20 than 10c!

So what does all this mean?

ANX is safe in that it is self sufficient, although the margin for error and the margin of safety is thin or non-existent. There is hope in that PC gold sales will increase by at least 25% if the neighbouring mill facility can be organised, and maybe a lot more if that mill needs to be run at capacity in order to make it economic. Obviousl, profitability of that production will be lower due to transport and paying for the facility.
Chile is a completely different story now that base metal prices have collapsed from the levels of 6 - 12 months ago, but I guess it will still be profitable - the issue there is all about the grade of ore and finding a customer. I believe the latter issue is heading towards resolution and the former is what investing in stock is all about - risk!
Our management team are therefore committed and working their nuts off to make this work and to get the business on as safe and profitable footing as possible as quickly as possible. However, the economic downturn has changed the game considerably insofar as Chile is concerned, even if the cost of debt has collapsed as Central Banks reduce interest rates to stimulate economies. Until commodity prices start rising again we will be in an unfashionable part of the stock market and are unlikely to see much appreciation in our stock price until and unless the company can publish some really good news. The only good news at the moment is that there is no bad news!

Unless you can afford to wait for the upturn my view would be that you should sell, book a tax loss and reinvest in stocks that are going to be 1st out of the trough - then come back to ANX when you've made some gains elsewhere. But don't take investment advice from me - after all, I'm not retired despite investing for a decade or so in stocks, so I'm not that successful!

Hope this is helpful and have a great weekend.

[XIO]

http://www.anacondamining.com/pdf/Anaconda%20Mining%20invest…

[timezone]

Antwort auf Beitrag Nr.: 36.156.833 von XIO am 05.12.08 19:06:26

Ist mir alles bekannt. Bin schon seit fast zwei Jahren in Anaconda.
Wollte nur wissen ob weiter exploriert wird in Pine Cove.

Danke

[XIO]

aus dem SH-NIS Board:

f it is correct that PineCove is now putting through 400tpd then working with an average grades per ton of 4 grams, with a capture of 85% that equates to roughly 45 ozs per day & in C$ $45,000 per day. If the Nugget mill can be used also then the nominal capacity there is also about 400tpd but we might see a 90% capture there so that would equate to 48 ozs per day or in C$ 48,000. So over a six day period that gives a gross return of $558,000, or $2 million per month, more if they push the mill 7 days a week.

Now this is gross, I haven't taken costs into account due to unknowns at Nugget (if used) & transport costs. Obviously if they can transport using petrol driven engines instead of diesel that reduces trucking costs by almost 25%, there are trucks, large ones running on landfill gas. All in all the picture looks much brighter if both mills can be run. Costs differ all over the world for milling & can run from $70 to $120 per ton but in todays enviroment I wouldn't be surprised to see lower costs emerge. Possibly other posters have seen different costs as these are from memory of other producers I've followed.

One thing is certain, if production continues at P Cove at this rate ANX has earned their production percentage (extra 30%) & capital payback has begun in earnest, which is good for NIS because the quicker ANX realises their $9 million costs then NIS will start to get their share. All JMHO, but fun to see numbers take shape.

I'm sure more will be learnt at NIS AGM next week. Is anyone going?


.................................................
I did some number crunching myself and my numbers are very close to yours.

One factor that should be highlighted is that in negotiation for Nugget Pond, NIS is in a very strong position if CRU's commitments on Glover Island have not been fully met and CRU still wants to retain partnership with NIS. If NIS takes ownership (fully or in joint venture with ANX) of Nugget Pond and enters into an agreement about transporting ore from Pine Cove, then I expect NIS. as well as ANX, would be making immediate revenue from gold production at Nugget Pond. Another option would be that there may be a joint venture among all 3 parties (NIS, ANX and CRU) and the revenue received by CRU will be spent in the exploration of Glover Island.

NIS will have its day yet. It is going to be interesting.

[IQ4U]

...Thank you Marbob1,

if I take your numbers then I get:

Pine Cove: 16.252 oz x $ 550 = 8.900.000

Crew Gold: 26.0003 oz x $ 450 = 11.700.000

So together we have the number of 20.600.000 USD x 1,3 = 26.780.000 CAD to fight for both companies. A mud fight between the CEOs would I prefer...

If even 30/70 Pine Cove and 50/50 Crew Gold this would mean:

ANX 15.700.000 CAD = 0,26 CAD each share x 20 = 5,20 CAD

NIS 11.080.000 CAD = 0,24 CAD each share x 20 = 4,70 CAD

IQ

[XIO]

New Island Exercises Its Right of First Offer on the Nugget Pond Mill Facilities

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, May 06, 2009 (MARKETWIRE via COMTEX News Network) --

New Island Resources Inc. (New Island)(TSX VENTURE: NIS) of St. John's, NL announces that it has exercised its right of first offer from Crew Gold Corporation (Crew) to acquire the Nugget Pond mill facilities situated on the Baie Verte Peninsula in Newfoundland.

The offering price is $3,500,000 and the assumption of reclamation bonding of $1,500,000. Closing is to take place within 90 days. At closing, subject to negotiation between New Island and Crew of satisfactory terms and conditions, Crew will enter into an agreement (the Milling Agreement) with New Island that will provide that during the period from closing to June 30, 2010, Crew will have use of the facility, including custom milling ore for third parties.

New Island is pleased to reacquire the Nugget Pond facilities which it originally acquired from Richmont Mines Inc. and subsequently sold to Crew in 2006. The mill and related tailings facilities are in excellent condition and well positioned to undertake custom milling for various gold deposits in the area. Additionally, New Island holds several highly prospective properties adjacent to the mill.

[XIO]

Antwort auf Beitrag Nr.: 37.110.837 von XIO am 06.05.09 17:42:36

billigst zu haben... noch

[XIO]

[XIO]

aktuelle MK @ 0.09 CAD / 47 Mio Share:

4,250,000 Canadian Dollar = 2,705,234 Euro

[XIO]

Commander Seeks Partner for the Orion Gold Deposit, Newfoundland

The Orion gold deposit is ideally located for potential near term development, four kilometres from a paved highway and directly connected by a good gravel road. Power is available at the recently closed Hammerdown Mine two kilometres away. Nearby, the Nugget Pond gold mill, which processed all of Hammerdown ore (315,000 tonnes grading 16.1 g/t gold), with 98% gold recovery, is currently processing gold ore, the source of which is closing after stockpiles are depleted. Local communities in the area have a total population in excess of 15,000 people, with many experienced miners and construction workers. The Nugget Pond mill and Tailings Pond are fully permitted, a fact that may greatly reduce permitting time for an underground mining operation. Capital and operating costs may also be lower, as roads, power, workforce and milling facilities are all in place.

Nugget Pond gehört demnächst wieder NIS!!!
siehe: New Island Exercises Its Right of First Offer on the Nugget Pond Mill Facilities
http://www.goldminingnews.com/news.aspx?NewsID=59364

[XIO]

[XIO]

There are several milestones this year worth waiting for before selling your shares.

1. First gold pour at Nugget Pond (this week),

2. Operating stats at Nugget Pond (by end of July..hopefully),

3. Purchase of Nugget Pond by NIS (August 4),

4. Gold price above $1000/oz (September),

5. Replacement of concentrator at Pine Cove to reach full production (Dec/09).

[XIO]

Golden nugget

http://www.thenorwester.ca/index.cfm?sid=271842&sc=354



Superintendent of Nugget Pond Wallace Pinksen (left) and John Cook of Anaconda holds the first gold doré bar poured from Pine Cove ore at the Nugget Pond facility in Snook's Arm.
Superintendent of Nugget Pond Wallace Pinksen (left) and John Cook of Anaconda holds the first gold doré bar poured from Pine Cove ore at the Nugget Pond facility in Snook's Arm.

The first gold doré bar has been poured from Pine Cove ore at the Nugget Pond facility.

After New Island Resources purchased the mill from Crew Gold Canada, the company entered into an agreement with Anaconda Mining to ship Pine Cove ore to Nugget Pond.

"The toll processing agreement calls for 200,000 tonnes to be trucked during the course of 12 months," said Greg DiTomaso of Anaconda. "We are currently processing 450 tonnes per day through the Nugget Pond mill.

"The company (Pine Cove) will not save on expenses by trucking the ore to Nugget Pond, but the arrangement was implemented to provide increased cash flow to the company and take advantage of a climate of record high gold prices. This cash flow is integral to redevelopment and expansion of the Pine Cove mill."

On July 14, employees from Anaconda and the Nugget Pond facility were present to witness the first gold doré bar that weighed 400 ounces.

"The toll milling relationship has been going according to plan," said Mr. DiTomaso. "It's been going well. We are excited to have emerged as a producer and to be bringing in some positive cash flow to the company." Pine Cove currently employs 45 people, will continue its plan for modifications to the Pine Cove mill in order to boost output and perform at commercial production in the near future. New Island Resources also holds the Pine Cove property where Anaconda can earn a 60 per cent interest, once the Pine Cove mill is operating to commercial capacity.[/img]

Superintendent of Nugget Pond Wallace Pinksen (left) and John Cook of Anaconda holds the first gold doré bar poured from Pine Cove ore at the Nugget Pond facility in Snook's Arm.
Superintendent of Nugget Pond Wallace Pinksen (left) and John Cook of Anaconda holds the first gold doré bar poured from Pine Cove ore at the Nugget Pond facility in Snook's Arm.

The first gold doré bar has been poured from Pine Cove ore at the Nugget Pond facility.

After New Island Resources purchased the mill from Crew Gold Canada, the company entered into an agreement with Anaconda Mining to ship Pine Cove ore to Nugget Pond.

"The toll processing agreement calls for 200,000 tonnes to be trucked during the course of 12 months," said Greg DiTomaso of Anaconda. "We are currently processing 450 tonnes per day through the Nugget Pond mill.

"The company (Pine Cove) will not save on expenses by trucking the ore to Nugget Pond, but the arrangement was implemented to provide increased cash flow to the company and take advantage of a climate of record high gold prices. This cash flow is integral to redevelopment and expansion of the Pine Cove mill."

On July 14, employees from Anaconda and the Nugget Pond facility were present to witness the first gold doré bar that weighed 400 ounces.

"The toll milling relationship has been going according to plan," said Mr. DiTomaso. "It's been going well. We are excited to have emerged as a producer and to be bringing in some positive cash flow to the company." Pine Cove currently employs 45 people, will continue its plan for modifications to the Pine Cove mill in order to boost output and perform at commercial production in the near future. New Island Resources also holds the Pine Cove property where Anaconda can earn a 60 per cent interest, once the Pine Cove mill is operating to commercial capacity.

[XIO]

The Northern Miner issue of: July 27, 2009 to August 2, 2009, page 5 is carrying a 3/4 page article on the Pine Cove Mill upgrading by Anaconda and its joint venture agreement with NIS and the custom-milling side arrangement at the Nugget Pond Mill with New Island Resources. The paper was just released on Friday, July 24, 2009. Crew is also mentioned. It mentions that net cash flows from the custom milling will be equally split between Anaconda and New Island.

This is a major piece in this current edition of the N. Miner which is very widely read and followed.

aus dem SH-Board

[IQ4U]

Grüß Dich XIO,

habe gestern eine erste Position NIS zu 0,066 CAD gekauft.

Denke langfristig werden NIS und ANX sich verfielfachen!

Stay long - stay cool!

[XIO]

It is confirmed by in-plant sources that the production rate at Nugget Pond is as projected. The daily production rate ranges from 55 oz to 59 oz of gold. The average weekly production is approx. 400 oz per week. The annualized production rate shall be in the order of 20,000 oz. with a recovery rate in the mid-90's.

At Nugget Pond the gold processing system is a CIP type (carbon in pulp) which ensure a high recovery rate at the lowest production cost (lower than Pine Cove which is $390 per oz). Gross profits from Nugget Pond is estimated to be around $6M to $7M using $900 gold price, $360 operating cost, $130 trucking cost and a milling fee of $80 per oz..

A quarterly report (June, July and August) on Nugget Pond production should be release soon. However, I do encourage all investors to call NIS and ANX management and insist that the quarterly production report at Nugget Pond be official release asap. Investors are selling stock not knowing the above production data at Nugget Pond

http://www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&…

[IQ4U]

Anaconda Mining Announces Quarterly Operating Profit

8:01 AM ET, October 16, 2009

TORONTO, ONTARIO, Oct 16, 2009 (MARKETWIRE via COMTEX) -- Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX), is pleased to report its results for the first quarter and as at August 31, 2009. All amounts are in Canadian dollars unless stated otherwise.

"This quarter, the Company posted an operating profit at Pine Cove which is a significant milestone for Anaconda and its partner on the project (New Island Resources Inc.)," commented Lew Lawrick, President & CEO of Anaconda. "This is especially significant considering we only had the contribution of 2 months of custom milling of Pine Cove ore at Nugget Pond. Further, this signifies that the Pine Cove deposit is a robust asset in this period of high gold prices and gives us further encouragement to pursue aggressively the upgrade and expansion of our mill that is currently underway."

FINANCIAL OVERVIEW

- As at August 31, 2009, the Company had total assets of $19.4 million including cash and cash equivalents of $799,000, of which $708,000 is restricted as a result of various balances on deposit with the Company's financial institution in Chile, letters-of-credit guarantees with a Canadian financial institution and amounts held in a debt-reduction escrow account to be utilized for debt service and/or principal repayments to the Company's debenture holders.

- During the three months ended August 31, 2009, the Company turned its first quarterly operating profit on sales of approximately 3,075 ounces of gold at an average price of $1,033 (US$948) per ounce.

- Consolidated net income for the first quarter and three months ended August 31, 2009 was approximately $406,000 or $0.01 per basic share or $0.00 per fully-diluted share basis. The income included $3.2 million of precious metals sales offset by $2.2 million for costs of goods sold, administrative expenses of $555,000 and foreign exchange losses of $22,000. The income was increased by future income tax recoveries of $24,000.

- Cash used during the three months ended August 31, 2009 was $88,000 and comprised cash used in operating activities of $303,000 and cash used in investing activities of $312,000 offset by cash provided from financing activities of $520,000.

- As at August 31, 2009, the Company had a working capital deficiency of approximately $2.2 million. The Company has utilized the proceeds from the private placements completed during the quarter ($500,000) to discharge some of its current operating obligations as well as for capital requirements at its Pine Cove project. It continues to apply funds generated from its Pine Cove operations (both from its own mill as well as from the toll milling operation) toward the discharge of existing obligations as well as other working capital requirements.

OPERATIONAL HIGHLIGHTS

Pine Cove

- In June 2009, a toll processing agreement was reached with Crew Gold (Canada) Ltd. ("Crew"), allowing for the custom milling of ore from the Pine Cove mine at Crew's Nugget Pond facility. Thus far, the toll milling contract has provided cash flow to sustain the mining operations at Pine Cove and it is anticipated that the ongoing cash flow from this arrangement will be utilized by the Company to fund its ongoing working capital requirements, as well as the required upgrades to the Pine Cove mill in order to facilitate Commercial Production in the intermediate term. Subsequent to quarter end, the Board of Directors of the Company approved an upgrade and expansion of the Pine Cove milling infrastructure. The Company has retained leading mineral processing and project management personnel to assist with the redesign, engineering, implementation and commissioning of the Pine Cove mill as a standalone operation with a minimum nominal throughput rate of 700 tonnes per day ("tpd") with the potential to achieve 1,000 tpd. Expansion of the Pine Cove mill is based on replacing the Gekko concentrator with a primary ball mill, followed by a flotation circuit, and utilizing the existing ball mill as a regrind (concentrate) mill, followed by leaching.

About Anaconda

Anaconda is a Toronto, Canada based mining and exploration company focused on advancing its principal assets, the Pine Cove gold mine in Canada and the San Gabriel Iron Project in Chile. The Company is committed to bringing Pine Cove into full Commercial Production, as well as developing near-term production opportunities for San Gabriel.

Certain statements contained herein constitute "forward-looking statements". These forward- looking statements are based on current expectations. The nature, timing and extent of mining and processing of Pine Cove ore under the Crew Gold toll processing arrangement may materially change from current intentions for a number of reasons. Additionally, forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "may," "estimates," "expects," "indicates," "targeting," "potential" and similar expressions. These forward-looking statements, including statements regarding the Company's beliefs in the potential mineralization, are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations as more information regarding the property is gathered or if known and unknown risks or uncertainties affect the Company's business, or if the Company's estimates or assumptions prove inaccurate. The Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.

[XIO]

Antwort auf Beitrag Nr.: 38.193.534 von IQ4U am 16.10.09 14:41:45

es dauert und dauert mit dem anlageerfolg , aber ich bin der meinung, es wird schon noch werden..auch bei NIS!!!

[XIO]

Disappointing year for New Island Resources
Mineral exploration company looking forward to better things in 2010
http://www.thetelegram.com/index.cfm?sid=311958&sc=82

[IQ4U]

Salut XIO,

habe eine Order in Kanada drin mit 140k zu 0,06 CAD.

Mal sehen, wann diese ausgeführt wird.

Good luck!

P.S.
Nachdem Ana nun wieder rockt sollte NIS ja auch mal anziehen...

[XIO]

heute 2x big news:

http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn…

und:

http://www.tradingmarkets.com/news/stock-alert/anx_anxgf_fte…" target="_blank" rel="nofollow ugc noopener">http://www.tradingmarkets.com/news/stock-alert/anx_anxgf_fte…


ich denke, so langsam wird NIS evtl doch noch ein Übernahmeziel.... mal sehen ob es zum Merger mit MOA kommt, oder ob ANX hier "einschreitet"

.. ich halte weiter....

[XIO]

klingt doch interessant:

The Leprechaun Deposit, has a NI 43-101 compliant underground inferred mineral resource of 1,314,780 tonnes grading 10.50 g/t gold using a 5 g/t gold minimum cut-off and a 3 m minimum width for a total estimated mineral resource of 443,000 ounces of gold (see resource estimate performed by Larry Pilgrim, P. Geo., Qualified Person, and presented in the NI 43-101 Valentine Lake Technical Report dated January 12, 2005). Currently and as follow-up to the successful winter 2010 drill program, a 8,000 m spring/summer drill program is underway to focus on advancing the Leprechaun Deposit towards an open pit resource, and exploring the multiple gold occurrences identified along the Property's 30 km strike length.

[XIO]

aus dem SH MOA Board:

I will also note that so far not one shareholder of MOA has tried to sell MOA shares as a flip into NIS. This to me shows the strength of MOA. I do believe that most holders understand that MOA remains seriously undervalued based on the VLake gold property's near term open pit potential. I keep recalling the TD analysts note that indicated 50% of the property at this stage of development is already worth $50Million. Using that number with today's outstanding shares, and you get a share price of $1.40. This gives absolutely no value to all of MOA's other fine properties assets...C.Gert

[IQ4U]

Antwort auf Beitrag Nr.: 39.630.275 von XIO am 03.06.10 23:25:10

Jetzt ist den Spekulationen Tür und Tor geöffnet.

Ausgezeichnetet Kurssprung gestern!


Im Kanadischen NIS Board wird darüber spekuliert, dass dies vielleicht nur das erste Angebot ist und weitere folgen könnten.

ANX und NIS in Fusion würde aus meiner Sicht absolut Sinn ergeben!


RE: RE: nice asset, don't count on it.

SigmaLamaque3 6/3/2010 6:47:31 PM

Excellent points, wizard2001...... I think this deal is far from done. Now that NIS has essentially put themselves up for sale the real price will soon be realized......

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=NI…

[IQ4U]

Möglicher Fusionspartner: Mountain Lake

Hat eine ausgezeichnete Performance hingelegt seit Beginn der Weltwirtschaftskrise Ende 2008!

[IQ4U]

NIS hat seine Aktien nicht verwässert und deshalb sollten die alten Höchstkurse auch überschritten werden wenn das erste Geld von der Gold Produktion aus Pine Cove II von Anaconda überwiesen wird...

[IQ4U]

Heute in Kanada 549k im Bid zu 0,07 CAD und lediglich 31k im Ask zu 0,09 CAD - das sagt wohl alles...

[XIO]

so, Bieter Nr. 2

Anaconda Mining Commences Formal Takeover Bid to Acquire New Island Resources

http://www.stockhouse.com/financialTools/sn_newsreleases.asp…

hoffentlich gibt es ein Race

[XIO]

Anaconda pitches for New Island
http://www.financialpost.com/Anaconda+pitches+Island/3145811…

[XIO]

NIS wird übernommen, nur von wem... endlich ist es so weit, musste lange leiden

bislang bieten Anaconda Mining (ANX) und Mountain Lake (MOA)

New Island Recieves Unsolicited Takeover Bid From Anaconda Mining and Engages Financial and Legal Advisors
http://www.stockhouse.com/financialTools/sn_newsreleases.asp…

[IQ4U]

Heute bekam ich das Angebot meiner Depotbank zum Umtausch meiner New Island Resources Aktien im Verhältnis 1 : 0,3333 Anaconda Mining Aktien.

Das Angebot ist Gültig bei Annahme von mehr als 66,67% des Gesamtkapitals.

[XIO]

Anaconda announces commencement of commissioning of re-developed Pine Cove Mill

TORONTO, Jul 13, 2010 (Canada NewsWire via COMTEX News Network) --

Anaconda Mining Inc. ("Anaconda") (TSX: ANX) is pleased today to announce that the construction phase of the expansion and re-development of the mill at the Pine Cove Gold Mine located in Baie Verte, Newfoundland is now complete. Anaconda is also pleased to announce that the process of commissioning the mill commenced in June on schedule.

Lew Lawrick, President and CEO of Anaconda stated, "We are very pleased that through the hard work of our dedicated employees and contract personnel, this mill is being commissioned on schedule and on budget. I would therefore like to offer my personal thank-you to all of those who have assisted us in this endeavour; including the numerous local business vendors and suppliers who have supported this development project from the outset. Over the weeks ahead, the commissioning process will culminate in our goal of achieving Commercial Production at Pine Cove. Achieving this goal will provide material benefits for Anaconda shareholders and will also continue the significant positive economic impact the project has had and will continue to have on Baie Verte and the surrounding communities for years to come."

In anticipation of the commissioning process and subsequent ramp up to Commercial Production, Anaconda has accumulated in stockpile 23,249 tonnes of ore grading 2.03 grams per tonne of gold. There is an additional 7,100 tonnes of ore broken in the pit grading 3.88 grams per tonne gold that is ready to be hauled to the stockpile. Combined, this represents approximately 43 days of ore supply at a base operating throughput of 700 tonnes per day.

Response to New Island Resources Press release of July 8

On July 8, 2010, New Island Resources Inc. issued a press release with respect to the unsolicited share exchange take-over bid commenced by Anaconda for all of the issued and outstanding common shares of New Island as set out in the takeover bid circular filed by Anaconda with Canadian Securities Regulators on June 11, 2010. Unfortunately, the New Island press release inaccurately described certain events relating to Anaconda and the Pine Cove Gold Mine Operations. The commissioning process at Pine Cove commenced on schedule in late June 2010. With regard to site access, Anaconda informed New Island that it would be provided with access to the Pine Cove mine site in accordance with the terms and conditions of the Joint Venture Agreement ("the Agreement") that governs access to the mine site. Contravening the protocol regarding site access as defined by the terms and conditions of the Agreement, New Island demanded immediate access to the mine site. Further, their demands included that access to the mine site and to confidential information be granted to a Mountain Lake Resources Inc. director. The New Island site access was demanded during the most critical time in the commissioning process when our small but experienced operating staff is fully dedicated to successfully commissioning the Pine Cove mill for the benefit of both Anaconda and New Island shareholders. In accordance with the terms and conditions of the Agreement that governs access to the mine site, New Island was advised, and will be provided with the opportunity of attending the site as soon as is practical, taking into account the ongoing commissioning process and the availability of the Anaconda operating team to accommodate a fulsome review of the milling and mining operations now underway.