Resinco CP (RIN.TO) - Neustart mit langfristiger Erfolgsaussicht (Seite 104)

[Hanfy]

Red Rock Resources increases investment in Cue Resources Ltd.

LONDON, UK, Jan. 16, 2012 /CNW/ - Red Rock Resources PLC announced today that it has acquired an additional 2,602,066 common shares in Cue Resources Ltd. ("Cue Resources") pursuant to the exercise of previously issued share purchase warrants. The exercise price for each share purchase warrant was C$0.12 per common share for total consideration of $312,248. The additional common shares represent approximately 2.16% of the issued and outstanding common shares of Cue Resources.

After giving effect to the transaction, Red Rock owns 18,900,066 common shares of Cue Resources representing 15.71% of the total issued and outstanding common shares of Cue Resources, as well as, 3,297,934 warrants which if exercised would represent an additional 3,297,934 common shares and an additional 2.67% of the total outstanding common shares of Cue Resources.

Regency Mines plc ("Regency") owns approximately 19.16% of Red Rock and as a result is presumed to be acting jointly and in concert with Red Rock. Regency owns 4,506,385 common shares in Cue Resources representing 3.74% of the issued and outstanding common shares of Cue Resources.

Red Rock and Regency together own 23,406,451 common shares representing 19.46% of the issued and outstanding common shares of Cue Resources as well as 3,297,934 warrants which if exercised would represent an additional 3,297,934 common shares and an additional 2.67% of the total outstanding common shares of Cue Resources.

Red Rock acquired the common shares for investment purposes. Depending on market and other conditions, Red Rock may, from time to time, increase or decrease its ownership, control or direction over the common shares or other securities of Cue Resources.
For further information:

Red Rock Resources PLC
Contact: Andrew Bell
115 Eastbourne Mews, London UK
[phone]

http://www.newswire.ca/en/story/906103/red-rock-resources-in…


Teslin River samples up to 1,200 ppm Cu at Frasergold

2012-01-16 08:49 ET - News Release

Also News Release (C-EUK) Eureka Resources Inc

Mr. John Burgess of Teslin reports

TESLIN RIVER DELINEATES POTENTIAL COPPER PORPHYRY MINERALIZATION IN THE EUREKA BOWL ZONE DURING 2011 SOIL SAMPLING PROGRAM AT THE FRASERGOLD PROJECT

Teslin River Resources Corp. has released the results from the soil sampling program performed at the Frasergold project. The results indicate the potential presence of a copper porphyry in the Eureka Bowl zone. Teslin River signed a definitive agreement with Eureka Resources Inc. giving it the right to earn a 75-per-cent interest in the project, which is located 100 kilometres east of Williams Lake in the Cariboo area of central British Columbia.

The 2011 geochemical program sampled a total of 27 line kilometres conducted over three zones within three separate grids. Zones are listed herein.

1. Eureka Bowl zone grid -- 5.2 line kilometres and 113 soil samples collected;
2. Kusk zone grid -- 15.5 line kilometres and 317 soil samples collected;
3. 18ppm zone grid -- 6.3 line kilometres and 135 soil samples collected.

The Eureka Bowl zone was conducted to follow up on anomalous historical results while testing mineralizing potential adjacent to the copper porphyry found at Eureka Bowl. Results from this grid include values ranging up to 2.24 parts per million gold and 1,200 ppm copper. These results suggest a strong association of copper sympathetic to the gold values. The Eureka Bowl grid covers an area which is believed to be underlain by volcanic rocks of the Takla formation and possibly some small alkalic plutons. The envisioned style of mineralization is therefore believed to be hydrothermal in nature, possibly porphyry copper-gold similar to Mount Polley, or replacement-style gold similar to the AR deposit. The gold anomaly extends over a strike length of 400 metres and the coincident copper anomaly over a strike length of 600 metres, suitable to host a typical porphyry resource.

"Our geologists have hypothesized the presence of a more robust copper porphyry system located at depth due to the free gold nature of the mineralization found at the Frasergold project. We are in the early stages of planning an approximately $1.1-million exploration program at Frasergold for 2012. The Eureka Bowl zone's potential to host a copper-gold porphyry system will most certainly be a focus of our attention moving forward," stated Teslin River president John Burgess.

[...]

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:TLR-1918403…

[erti]

schönes wochenende Hanfy !

[Hanfy]

--
allen ein schönes WE

[Hanfy]

teslin river heute nahe 2-jahreshoch geschlossen. +110% diese woche.

RIN hält ca. 16,7mio shares.



http://stockcharts.com/freecharts/gallery.html?TLR.V

[Hanfy]

Resinco acquires 3.08 million shares of Cue Resources

2012-01-12 16:19 ET - News Release

Also News Release (C-CUE) Cue Resources Ltd

Mr. John Icke of Resinco reports

RESINCO CAPITAL PARTNERS INC. EXERCISES WARRANTS AND RECEIVES BONUS SHARES IN CUE RESOURCES LTD.

Resinco Capital Partners Inc. has acquired 3,083,333 common shares of Cue Resources Ltd., which shares represent in total, 2.63 per cent of Cue's issued and outstanding capital. The shares were acquired from Cue's treasury pursuant to the exercise of 2,083,333 share purchase warrants from a previously announced private placement with Cue, completed on Nov. 10, 2010, and from the receipt of one million bonus shares pursuant to a loan agreement between Resinco and Cue, dated Aug. 3, 2011, as announced by Cue on Aug. 5, 2011. The exercise price of the warrants was 12 cents per share, for a total consideration of $250,000, and the deemed value of the bonus shares was five cents, for a total consideration of $50,000.

Prior to these transactions, Resinco owned and controlled 18,901,580 shares as well as warrants to acquire a further 4,285,715 shares.

Upon receipt of the bonus shares and the exercise of the warrants, Resinco now owns and controls a total of 21,985,183 shares, representing approximately 18.76 per cent of the issued and outstanding shares, and warrants to acquire a further, 2,202,382 shares, representing approximately 20.26 per cent of the issued and outstanding shares, on a partially diluted basis, assuming the exercise of convertible securities held by Resinco only.

The acquisition of the shares was made to assist Cue in the financing of the development of the Yuty project in Paraguay. Resinco will evaluate the investment in Cue and may, among other things, increase or decrease its ownership in Cue depending on factors including market conditions, the business and prospects of Cue, and other alternatives available to Resinco from time to time.

The warrants were issued, and the shares underlying the warrants acquired, in reliance on the minimum amount investment exemption from the prospectus and registration requirements of applicable securities laws pursuant to National Instrument 45-106.

The bonus shares were issued in reliance on the bonus and finder's fee exemption from the prospectus and registration requirements of applicable securities laws pursuant to B.C. Instrument 45-529.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:RIN-1917938…

[Hanfy]

Lions Gate Metals appoints Sarjeant as CEO, president

2012-01-06 12:48 ET - News Release

Mr. Arni Johannson reports

LIONS GATE METALS INC. APPOINTS PAUL SARJEANT PRESIDENT AND CEO

Effective immediately, Paul Sarjeant, PGeo, will be joining Lions Gate Metals Inc. in the role of chief executive officer and president. The company has entered into a consulting agreement with Mr. Sarjeant's wholly owned company, Doublewood Consulting Inc. The company has granted to Doublewood an incentive stock option representing the right to purchase up to 150,000 common shares of the company, exercisable in whole or in part on or before Jan. 5, 2017, at a price of 80 cents per share. Lions Gate chairman Arni Johannson stated: "We are extremely pleased that a seasoned executive of Paul's calibre has agreed to join Lions Gate. It is a step as we move the company forward developing our exciting portfolio of base metal assets. Paul will focus on leading our geological team and ensuring that the Lions Gate story is communicated to the investment community."

Mr. Sarjeant has extensive exploration, project development and acquisition experience both in Canada and internationally, and has developed a strong background in company management through various management and consulting positions with a number of private and publicly traded resource companies. After graduating with a BSc (honours) in geological sciences from Queen's University in 1983, Mr. Sarjeant began his career with Echo Bay Mines Ltd., working on various projects in Northern Canada, including the Lupin mine, and skarn projects in British Columbia and Ecuador. He ascended to senior geologist, international exploration group, responsible for project evaluation outside of North America, including precious and base metals projects in South America, East Africa, Southeast Asia, Russia, Mongolia, Australia, New Zealand and Europe. From 1993 until 1996, he was president and chief executive officer of Auric Resources, a precious metals exploration company focused on Peru. From 1999 to 2006, Mr. Sarjeant operated a successful securities business focused on strategic planning and investment analysis, giving him unique insight into the needs of institutional and retail broker investment communities. In 2007, Mr. Sarjeant took on the role of president and chief executive officer of Grandview Gold, and currently serves as a director on a number of public and private companies.

Mr. Johannson has resigned as chief executive officer and will continue in the role of executive chairman. Blair McIntyre has resigned as president and will assume the role of vice-president, operations.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1916514…


Woulfe's Muguk at 520,000 t of 11 g/t Au inferred

2012-01-10 09:05 ET - News Release

Mr. Brian Wesson reports

WOULFE MINING ANNOUNCES RESOURCE UPDATE FOR ITS 100% OWNED MUGUK GOLD MINE

A preliminary NI 43-101-compliant resource estimate has been determined for Woulfe Mining Corp.'s 100-per-cent-owned Muguk gold project in South Korea.

The resource estimate was prepared by AMC Consultants Pty. Ltd. of Melbourne and was based on a 3-D geological model of the main Three Brothers vein incorporating the historical development channel sampling assay data. The inferred resource for two discrete unmined sections of the orebody is 520,000 tonnes at 11 grams per tonne gold, with an average vein width of 1.2 metres, at a cut-off of three g/t gold. A silver grade could not be included in the resource statement due to the lack of sample data.

Woulfe is very encouraged with these initial results and has commissioned AMC to undertake a scoping study which is scheduled to be completed by early 2012. The study will be based on cut and fill mining of the Three Brothers vein at a rate of 150,000 tonnes per annum, producing approximately 34,000 ounces of gold per annum assuming a mining grade of 7.5 g/t gold and a metallurgical recovery of 93 per cent.

Woulfe is considering several options with regard to surface access rights and negotiations are under way with a number of parties. Woulfe anticipates that a decision will be made in conjunction with financing arrangements. Specifically, listing of the gold assets on an appropriate exchange is being considered to finance property acquisition and evaluation expenditure.

The Muguk gold-silver mineralization is hosted within a series of parallel, steeply dipping quartz veins that extend discontinuously for 400 to 2,000 metres along strike and to a known depth of 800 metres. The average width of the veins is typically less than one metre, although the veins pinch and swell and can be up to two metres in width in places. The Three Brothers vein and the No. 2 vein are the most significant mineralized structures in the goldfield (refer to release dated Aug. 30, 2011), however there are a number of other veins including Baksan, Geumyong and No. 1 and 7-11 veins which have been partly explored and developed.

In 2010, Woulfe completed a two-hole program at Muguk to comply with its mining rights obligations, which required a total of 750 metres to be drilled. Woulfe opted to target the secondary No. 7 vein to the west of the No. 2 and Three Brothers veins as known mining extended to a depth of a few hundred metres, and shorter holes could be confidently planned to avoid old mining cavities. The first hole intersected two metres at 5.6 g/t gold and 26 g/t silver at 414 metres depth, and the second hole intersected 0.36 metre at 16.6 g/t gold and 16 g/t silver at 386 metres depth.

[...]

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1917097…

[Hanfy]

Salmon River's J-Hook drilling shows on-strike continuity

2012-01-03 19:28 ET - News Release

Mr. Doug Betts reports

SALMON RIVER RESOURCES LTD.: EXPLORATION UPDATE; INITIAL DRILLING RESULTS ON E77/1208 (MT MANNING SOUTH)

Salmon River Resources Ltd. has completed the initial two-hole helicopter-assisted drilling program at J-Hook area within E77/1208 (Mt. Manning South) portion of its Treppo Grande iron project. E77/1208 is located in Western Australia approximately 220 kilometres west by road from the township of Menzies or about 130 km north by road from the township of Koolyanobbing. This update should be read in conjunction with the previous update of Oct. 11, 2011, which describes the tenement, geology and the drill hole program.

The first diamond hole (MMS001) was drilled on Oct. 31, 2011, and the second diamond hole (MMS002) was completed on Nov. 24, 2011, which marks the completion of this initial diamond drilling program. The drilling program was undertaken using a Boart Longyear LF-70 diamond drill rig from Winmax Drilling and used both HQ- and NQ-diameter core size. The two scout diamond holes were spaced abut 400 metres apart along an east-west strike line and were designed to maximum depths of 300 metres. The diamond holes were drilled from inclinations of minus-55 degrees to minus-60 degrees toward a south-southeast direction. Core orientation was achieved using an Ezy-Mark orientation tool and hole direction data in terms of azimuth and dip were collected using a Deviflex tool.

The main objectives of the scout diamond drilling program were to:

Target the interpreted subsurface extents of the outcropping massive BIF-hosted hematite plus/minus magnetite rock units;

Demonstrate the potential on-strike continuity of the iron mineralization along a 400 m corridor and within an area of known hematite plus/minus magnetite outcrops;

Test the results of the supporting magnetic modelling for the above areas based on the geophysical data from the recently flown (that is, August, 2011) helimag survey.

[...]

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAL-1915811…

[Hanfy]

Salmon River arranges $1.1-million placement

2011-12-29 09:13 ET - News Release

Mr. J.G. Stewart reports

SALMON RIVER ANNOUNCES $1 MILLION PRIVATE PLACEMENT

Salmon River Resources Ltd. will undertake a non-brokered private placement of up to 3,437,500 common shares at 32 cents per common share for gross proceeds of up to $1.1-million. The net proceeds of the private placement will be used entirely for the payment of the initial precompletion payment (described below). In connection with the private placement, Salmon River may pay finders' fees to certain finders, including cash commissions equal to up to 8 per cent of the proceeds from the sale of the common shares and options to acquire that number of common shares equal to up to 8 per cent of the number of common shares sold to subscribers introduced to the company by such finders. The common shares issued in the private placement will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation. Insiders in the company have indicated their intention to acquire a total of 25 per cent of the private placement, consistent with the maximum allowable under TSX Venture Exchange policy. The private placement remains subject to the approval of the TSX Venture Exchange.

Background

On June 16, 2010, Salmon River, Treppo Grande Iron Pty. Ltd. and Melville Raymond Dalla-Costa entered into an option agreement pursuant to which the company was granted an option to acquire a 100-per-cent interest in all of the issued and outstanding share capital of Treppo Grande. All issued and outstanding shares of Treppo Grande are held by the seller. Treppo Grande is the holder of five tenements in the Yilgarn Craton of southwestern Australia, including the highly prospective Mount Manning iron ore prospects (see exploration updates of Aug. 26, 2010, Aug. 2, 2011, Sept. 1, 2011, and Oct. 11, 2011).

The option agreement provided that in order to exercise the option the company was required to pay the seller a minimum of $100-million for the Treppo Grande shares. Under the terms of the option agreement, the purchase price was subject adjustment based upon the identification of iron ore resource on the tenements. The company was required to exercise the option agreement by no later than Dec. 16, 2011 (see the full text of the option agreement filed on SEDAR on Dec. 16, 2011).

On Nov. 4, 2011, Salmon River announced that it entered into a non-binding memorandum of understanding with General Steel Holdings Inc., for itself and on behalf of certain subsidiaries and affiliates regarding rights to (i) purchase part of any future iron ore production from properties currently under the option (ii) acquire 60 million common shares at 50 cents per share for a total investment of $30-million and (iii) provide assistance to Salmon River in raising an additional $80-million through an offering of convertible debentures by acquiring a minimum of $30-million of the convertible debentures. In addition, GSH further indicated that it is willing to finance future capital expenditures and other strategic initiatives of the Treppo Grande iron ore project to a maximum amount of a further $200-million. The MOU also provides that, in consideration of the GSH Group financing such future capital requirements as well as providing project management and co-ordination services to the company, they would receive an amount of up to 51-per-cent profit interests in the Treppo Grande project, on terms to be mutually agreed in the final definitive agreements. Readers should refer to the full text of the press release of the company dated Nov. 4, 2011, for more information on the MOU.

On Nov. 4, 2011, Salmon River also announced a part-and-parcel private placement for up to $1.5-million (up to five million common shares at 30 cents per share) and subsequently increased the offering to $2.1-million (up to seven million common shares at 30 cents per share). Salmon River closed the part-and-parcel private placement on Dec. 14, 2011, issuing a total of 4,800,006 common shares for gross proceeds of $1.44-million. The company considers that such financing is sufficient to cover its costs involved in closing of the transaction with GSH Group.

On Dec. 9, 2011, the company exercised the option and concurrently entered into an amendment to the option agreement with the seller which provided, among other things, an extension to the time for the closing of the purchase of the shares of Treppo Grande to April 30, 2012. Pursuant to the option amendment, the company is required pay to the seller $1-million each month after the execution of the amendment until the completion date. The first precompletion payment is due on Dec. 30, 2011. On the completion date, the company will pay to the seller the purchase price (which is $100-million and is not subject to any adjustment) less all amounts paid as precompletion payments. If the company does not complete the payment of all of the purchase price by April 30, 2012, the precompletion payments will be retained by the seller. In addition, pursuant to the option amendment, Salmon River will grant to the seller a royalty of 50 cents per tonne of iron ore produced from the tenement area from the commencement of first commercial mining on the tenements. Further details of the option amendment are available in a press release dated Dec. 15, 2011. The full text of the option amendment is also available on SEDAR (filed on Dec. 16, 2011).

Salmon River is currently negotiating the terms of a binding investment framework agreement with GSH. The framework agreement will set out the material terms and conditions of certain definitive agreements to be entered into pursuant to the MOU and is intended by the parties to be a legally binding agreement. The company expects that the framework agreement will be entered into in January, 2012. The framework agreement will be subject to approval of the TSX Venture Exchange and may be subject to approval by the shareholders of the company.

Mount Manning and Mount Manning North properties

The Mount Manning and Mount Manning North properties comprise five tenements in the Yilgarn province of southwestern Australia approximately 210 kilometres northwest of Kalgoorlie. In November, 2010, the company filed on SEDAR a technical report on four of the tenements, the Barlee project (prospective for iron ore), the Mount Manning project (consisting of one tenement and one tenement application which are prospective for iron ore), and the Riverina property (prospective for nickel) dated Aug. 10, 2010, and entitled "Geological Evaluation, Mount Manning and Barlee Iron Prospects and Riverina Nickel Prospect Southern Cross and Eastern Goldfields Provinces Western Australia." The company has provided a number of exploration updates on Aug. 26, 2010, Aug. 2, 2011, Sept. 1, 2011, and Oct. 11, 2011, outlining developments in its exploration programmes. On Dec. 20, 2011, the company announced a resource estimate on the Mount Manning property (see the company's news release dated Dec. 20, 2011).

Use of proceeds of private placement

The use of proceeds for the private placement and payment of the precompletion payments is subject to shareholder approval, which the company intends to seek through the written consent of shareholders holding a majority of the common shares of the company. As noted, the net proceeds of the private placement will be used entirely for the payment of the initial precompletion payment. The company expects to make further arrangements for payment of the remaining precompletion payments and will make further announcements in this regard once such arrangements have been finalized.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAL-1914930…

[Hanfy]

Antwort auf Beitrag Nr.: 42.519.323 von erti am 23.12.11 20:08:23

wünsche auch besinnliche feiertage. und auf ein gutes 2012.

[erti]

Antwort auf Beitrag Nr.: 42.519.236 von Hanfy am 23.12.11 19:31:27

frohes Fest allen