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Brownstone Provides Update on Drilling at Canaguay #1 Well, Colombia
TORONTO, ONTARIO--(Marketwire - July 30, 2010) - Brownstone Ventures Inc. (TSX VENTURE:BWN) ("Brownstone") is pleased to provide the following update of drilling operations at the Canaguay # 1 well on the Canaguaro Block in the Llanos Basin of Colombia.
Brownstone has been advised by the operator of the Canaguay #1 well, Quetzal Energy Ltd. (TSX VENTURE:QEI) ("Quetzal"), that intermediate 9 5/8 inch casing was cemented at 14,227 feet in the Canaguay #1 well. Drilling operations are expected to resume shortly and it was anticipated that the well will reach the planned total depth of 16,200 feet within 2 weeks.
Preliminary correlations indicate that Canaguay #1 is approximately 76 feet structurally higher than the offsetting Fortaleza #1 well, which is 3.5 kilometers north of the Canaguay #1 location. Both wells are mapped in the same structure, according to the operator's interpretation of the Canaguaro 3D seismic volume. Fortaleza #1 was drilled by Elf – Aquitaine in 1978 and tested 462 barrels of 23 API oil per day from the Mirador Formation.
Canaguay #1 is programmed to test the hydrocarbon potential of several reservoirs including the Carbonera, Mirador, Gacheta, and Une. The Company is earning into its 25% working interest in the Canaguaro Block. Partners in the project are Quetzal (25% working interest and operator) and Condor Exploration Inc. (50% working interest).
About Brownstone
Brownstone Ventures Inc. is a Canadian-based, energy focused investment company with equity interests and direct interests in oil and gas exploration projects, including working interests in almost 300,000 acres in the Piceance/Uinta Basins of Colorado and Utah; 295km2 in the Assam/Arakan Basin, Northeast India; 253,000 acres in Rio Negro, Argentina; interests in several projects in Brazil; a 50% interest in approximately 300,000 hectares in the Quėbec Lowlands; a 15% participating interest in two off-shore Israel oil and gas blocks; and is earning interests (14-35%) in 4 Colombian blocks in the Llanos basin. For additional information, please see Brownstone's website: www.brownstoneventures.com.
http://www.marketwire.com/press-release/Brownstone-Provides-…
TORONTO, ONTARIO--(Marketwire - July 30, 2010) - Brownstone Ventures Inc. (TSX VENTURE:BWN) ("Brownstone") is pleased to provide the following update of drilling operations at the Canaguay # 1 well on the Canaguaro Block in the Llanos Basin of Colombia.
Brownstone has been advised by the operator of the Canaguay #1 well, Quetzal Energy Ltd. (TSX VENTURE:QEI) ("Quetzal"), that intermediate 9 5/8 inch casing was cemented at 14,227 feet in the Canaguay #1 well. Drilling operations are expected to resume shortly and it was anticipated that the well will reach the planned total depth of 16,200 feet within 2 weeks.
Preliminary correlations indicate that Canaguay #1 is approximately 76 feet structurally higher than the offsetting Fortaleza #1 well, which is 3.5 kilometers north of the Canaguay #1 location. Both wells are mapped in the same structure, according to the operator's interpretation of the Canaguaro 3D seismic volume. Fortaleza #1 was drilled by Elf – Aquitaine in 1978 and tested 462 barrels of 23 API oil per day from the Mirador Formation.
Canaguay #1 is programmed to test the hydrocarbon potential of several reservoirs including the Carbonera, Mirador, Gacheta, and Une. The Company is earning into its 25% working interest in the Canaguaro Block. Partners in the project are Quetzal (25% working interest and operator) and Condor Exploration Inc. (50% working interest).
About Brownstone
Brownstone Ventures Inc. is a Canadian-based, energy focused investment company with equity interests and direct interests in oil and gas exploration projects, including working interests in almost 300,000 acres in the Piceance/Uinta Basins of Colorado and Utah; 295km2 in the Assam/Arakan Basin, Northeast India; 253,000 acres in Rio Negro, Argentina; interests in several projects in Brazil; a 50% interest in approximately 300,000 hectares in the Quėbec Lowlands; a 15% participating interest in two off-shore Israel oil and gas blocks; and is earning interests (14-35%) in 4 Colombian blocks in the Llanos basin. For additional information, please see Brownstone's website: www.brownstoneventures.com.
http://www.marketwire.com/press-release/Brownstone-Provides-…
Lions Gate Metals to acquire more Hudson Bay claims
2010-07-29 14:07 ET - News Release
Mr. Arni Johannson reports
LIONS GATE ENTERS INTO AGREEMENT TO ACQUIRE ADDITIONAL CLAIMS ON HUDSON BAY MOUNTAIN
Lions Gate Metals Inc. has entered into an agreement to acquire additional claims, known as the Mason claims, surrounding its existing mineral property on Hudson Bay Mountain.
The Mason claims are located on Hudson Bay Mountain, a short distance west of Smithers, B.C. These mineral claims surround the old Yorke-Hardy molybdenum showing which is adjacent to Thompson Creek Metals Company Inc.'s Davidson project. Thompson Creek operates the Endako open-pit molybdenum mine at Fraser Lake.
The Mason claims are located approximately 10 kilometres west of the town of Smithers, B.C., and within sight of the Smithers airport. Access to the site is via a number of public roads on the north side of the mountain and an extensive logging road network accessing the south and west sides of the area. Helicopter access to higher areas is easily made in a few minutes from the airport. These claims are also located within five kilometres of the Canadian National Railway lines.
Topography of the area is generally steep to rugged mountain slopes trending toward the north and south with elevations ranging from 600 metres to 2,600 metres in elevation.
The Mason claims include 60 tenures totalling over 17,780 hectares. These include a series of claims surrounding the Yorke Hardy project mining lease along with several claim blocks on the anticipated northwest and southeast extension of the mineralization and alteration zone. The addition of these claims increases LGM's claims on Hudson Bay Mountain to 82 tenures totalling over 26,000 hectares.
The Mason claims to be acquired by Lions Gate surround the Davidson deposit as indicated above and have the potential to host molybdenum mineralization extensions from or deposits similar to the Davidson deposit. The northwest and southeast blocks of claims are situated within the alteration halo or its anticipated extensions and have potential for lead-zinc with silver and possibly gold mineralization. In addition the numerous mineral occurrences in the area along with the widespread alteration zone suggest potential for another molybdenum hosting intrusive centre not evident in surface exposures.
Terms of the acquisition
Pursuant to a sale and purchase agreement entered into between the company and the vendor of the Mason claims, the company will acquire a 100-per-cent interest in the property by: (i) issuing to the vendor 1.3 million common shares in the capital of the company; (ii) paying a total of $250,000 cash ($150,000 at the closing of the acquisition and $100,000 within six months thereafter); and (iii) granting the vendor a 2-per-cent net smelter returns royalty.
The closing of the acquisition, which remains subject to acceptance by the TSX Venture Exchange, is required to occur prior to Aug. 30, 2010.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1744401…
Lions Gate to earn 60% interest in Copperline property
2010-07-29 16:15 ET - News Release
Mr. Arni Johannson reports
LIONS GATE ENTERS INTO AGREEMENT TO ACQUIRE 60% INTEREST IN COPPERLINE PROJECT
Lions Gate Metals Inc. has entered into an agreement to acquire a 60-per-cent interest in the Copperline property in British Columbia.
The Copperline property surrounds Skutsil Knob at the south end of the Driftwood Range, 25 km northwest of Takla Lake, and about 120 km northeast of Smithers, B.C. The property is situated approximately 10km south of the northern terminus of the BC Rail right-of-way and approximately 5 km from a nearby logging road network. Although access to the work area is currently by helicopter, road access into the alpine would be reasonably easy to develop by extension of existing logging roads.
The claims comprising the Copperline property cover a zone of volcanic redbed copper-silver mineralization which consists primarily of bornite with lesser chalcocite, chalcopyrite, and tetrahedrite. Copper oxides of malachite and azurite may visually mark mineralized zones. Some native copper has also been observed. Silver mineralization is intimately tied up in the copper sulphides. Some barite mineralization has also been found associated with the copper bearing zones. The mineralized zones have been located primarily in the alpine between 1500 to 1800 meter elevations. Other mineralized showings have also been discovered at lower elevations.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1744503…
2010-07-29 14:07 ET - News Release
Mr. Arni Johannson reports
LIONS GATE ENTERS INTO AGREEMENT TO ACQUIRE ADDITIONAL CLAIMS ON HUDSON BAY MOUNTAIN
Lions Gate Metals Inc. has entered into an agreement to acquire additional claims, known as the Mason claims, surrounding its existing mineral property on Hudson Bay Mountain.
The Mason claims are located on Hudson Bay Mountain, a short distance west of Smithers, B.C. These mineral claims surround the old Yorke-Hardy molybdenum showing which is adjacent to Thompson Creek Metals Company Inc.'s Davidson project. Thompson Creek operates the Endako open-pit molybdenum mine at Fraser Lake.
The Mason claims are located approximately 10 kilometres west of the town of Smithers, B.C., and within sight of the Smithers airport. Access to the site is via a number of public roads on the north side of the mountain and an extensive logging road network accessing the south and west sides of the area. Helicopter access to higher areas is easily made in a few minutes from the airport. These claims are also located within five kilometres of the Canadian National Railway lines.
Topography of the area is generally steep to rugged mountain slopes trending toward the north and south with elevations ranging from 600 metres to 2,600 metres in elevation.
The Mason claims include 60 tenures totalling over 17,780 hectares. These include a series of claims surrounding the Yorke Hardy project mining lease along with several claim blocks on the anticipated northwest and southeast extension of the mineralization and alteration zone. The addition of these claims increases LGM's claims on Hudson Bay Mountain to 82 tenures totalling over 26,000 hectares.
The Mason claims to be acquired by Lions Gate surround the Davidson deposit as indicated above and have the potential to host molybdenum mineralization extensions from or deposits similar to the Davidson deposit. The northwest and southeast blocks of claims are situated within the alteration halo or its anticipated extensions and have potential for lead-zinc with silver and possibly gold mineralization. In addition the numerous mineral occurrences in the area along with the widespread alteration zone suggest potential for another molybdenum hosting intrusive centre not evident in surface exposures.
Terms of the acquisition
Pursuant to a sale and purchase agreement entered into between the company and the vendor of the Mason claims, the company will acquire a 100-per-cent interest in the property by: (i) issuing to the vendor 1.3 million common shares in the capital of the company; (ii) paying a total of $250,000 cash ($150,000 at the closing of the acquisition and $100,000 within six months thereafter); and (iii) granting the vendor a 2-per-cent net smelter returns royalty.
The closing of the acquisition, which remains subject to acceptance by the TSX Venture Exchange, is required to occur prior to Aug. 30, 2010.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1744401…
Lions Gate to earn 60% interest in Copperline property
2010-07-29 16:15 ET - News Release
Mr. Arni Johannson reports
LIONS GATE ENTERS INTO AGREEMENT TO ACQUIRE 60% INTEREST IN COPPERLINE PROJECT
Lions Gate Metals Inc. has entered into an agreement to acquire a 60-per-cent interest in the Copperline property in British Columbia.
The Copperline property surrounds Skutsil Knob at the south end of the Driftwood Range, 25 km northwest of Takla Lake, and about 120 km northeast of Smithers, B.C. The property is situated approximately 10km south of the northern terminus of the BC Rail right-of-way and approximately 5 km from a nearby logging road network. Although access to the work area is currently by helicopter, road access into the alpine would be reasonably easy to develop by extension of existing logging roads.
The claims comprising the Copperline property cover a zone of volcanic redbed copper-silver mineralization which consists primarily of bornite with lesser chalcocite, chalcopyrite, and tetrahedrite. Copper oxides of malachite and azurite may visually mark mineralized zones. Some native copper has also been observed. Silver mineralization is intimately tied up in the copper sulphides. Some barite mineralization has also been found associated with the copper bearing zones. The mineralized zones have been located primarily in the alpine between 1500 to 1800 meter elevations. Other mineralized showings have also been discovered at lower elevations.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1744503…
Woulfe Mining Underground Drilling Program at Sangdong Mine
Vancouver, British Columbia CANADA, July 29, 2010 /FSC/ - Woulfe Mining Corp. (WOF - TSX Venture), ("Woulfe" or the "Company") Woulfe Mining Corporation is pleased to announce an underground drilling program for the Sangdong Tungsten Project in South Korea. The program targets a block in the upper area of the mine, above the valley floor in order to quantify a potential zone of 3 million to 5 million tonnes of high grade resources. This may allow the company to fast track mine development.
Significant progress has been made toward implementing the drilling program. An investigation team has recently undertaken an underground inspection of the around 1km of the Main Sangdong Haulage Level. This level connects the old Sangdong vertical shaft to an inclined haulage shaft on the eastern side of the deposit and extends to the WNW around 1.2km along the strike of the lodes to the main ventilation incline. There is a footwall drive around 150m to the south of the ore drive that connects the two inclines. The area was maintained to a high standard during mining operations as it was an important component of the haulage and ventilation system.
A preliminary analysis is being undertaken of the potential resources in an area from 50m above the Sangdong level down to around 25m to 30m below. This investigation utilises information from recent surface drilling (2007 - 2009), historical underground drilling and mine plans, mine closure reports to the Korean government and communication with the senior members of the mine technical team who were responsible for Sangdong at the time of closure.
The block is located in the historically highest grade part of the deposit. There are 3 parallel zones of mineralisation in the area dipping at around 25 degrees to the NNE. The upper zone has been accessed by mine development but only modest mine production has been undertaken. It has the potential to contain 1 million to 2 million tonnes of resource. Historical evidence suggests average WO3 grades in the area of 0.5% to 1.5% WO3. This has some support from recent surface drilling as SD-01 (2007) intersected 18m @ 1.05% WO3 and 0.15% MoS2 at a distance of 38m above the Sangdong Level.
The main zone is 18m to 20m below the upper zone. This zone has been the focus of intense mine production. However mine close plans show a life of mine pillar above the Sangdong level, hanging wall drive. This pillar is shown as 6m to 8m thick, extends down dip for 55m to 60m and is 1.0km to 1.2km in length. It has the potential to host 0.9 to 1.0 million tonnes of resource. Historical production records suggest run of mine grades for material up dip and down dip of the pillar to be of the order of 1.5% WO3 but there is no drilling evidence to support these grades.
The lowest mineralised zone is 25m to 35m below the main zone and has not been mined. This zone is more variable than the other zones. It has the potential to host 1.5 million to 2.5 million tonnes. Evidence from historical and recent drilling suggests average grades across the zone to be in the range of 0.3% to 0.9% WO3.
A detailed underground diamond drilling program from the Sangdong Haulage Level has been designed to quantify the resources in all three zones in the area of investigation. This program consists of 38 holes for a total of 3,530 metres. The aim of the program is to define a measured and indicated resource in excess of 3 million tonnes at a WO3 cut off grade of 0.5%.
Colin Lutherborrow MAusIMM a geologist with 30 years experience in underground mines and the delineation of resources and reserves is a Qualified Person as defined by National Instrument standards has read and approved this release.
Brian Wesson FAusIMM President/ CEO
Woulfe Mining
brian.w@woulfe.com.au
Woulfe launches new web site www.woulfemining.com
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=15784
Vancouver, British Columbia CANADA, July 29, 2010 /FSC/ - Woulfe Mining Corp. (WOF - TSX Venture), ("Woulfe" or the "Company") Woulfe Mining Corporation is pleased to announce an underground drilling program for the Sangdong Tungsten Project in South Korea. The program targets a block in the upper area of the mine, above the valley floor in order to quantify a potential zone of 3 million to 5 million tonnes of high grade resources. This may allow the company to fast track mine development.
Significant progress has been made toward implementing the drilling program. An investigation team has recently undertaken an underground inspection of the around 1km of the Main Sangdong Haulage Level. This level connects the old Sangdong vertical shaft to an inclined haulage shaft on the eastern side of the deposit and extends to the WNW around 1.2km along the strike of the lodes to the main ventilation incline. There is a footwall drive around 150m to the south of the ore drive that connects the two inclines. The area was maintained to a high standard during mining operations as it was an important component of the haulage and ventilation system.
A preliminary analysis is being undertaken of the potential resources in an area from 50m above the Sangdong level down to around 25m to 30m below. This investigation utilises information from recent surface drilling (2007 - 2009), historical underground drilling and mine plans, mine closure reports to the Korean government and communication with the senior members of the mine technical team who were responsible for Sangdong at the time of closure.
The block is located in the historically highest grade part of the deposit. There are 3 parallel zones of mineralisation in the area dipping at around 25 degrees to the NNE. The upper zone has been accessed by mine development but only modest mine production has been undertaken. It has the potential to contain 1 million to 2 million tonnes of resource. Historical evidence suggests average WO3 grades in the area of 0.5% to 1.5% WO3. This has some support from recent surface drilling as SD-01 (2007) intersected 18m @ 1.05% WO3 and 0.15% MoS2 at a distance of 38m above the Sangdong Level.
The main zone is 18m to 20m below the upper zone. This zone has been the focus of intense mine production. However mine close plans show a life of mine pillar above the Sangdong level, hanging wall drive. This pillar is shown as 6m to 8m thick, extends down dip for 55m to 60m and is 1.0km to 1.2km in length. It has the potential to host 0.9 to 1.0 million tonnes of resource. Historical production records suggest run of mine grades for material up dip and down dip of the pillar to be of the order of 1.5% WO3 but there is no drilling evidence to support these grades.
The lowest mineralised zone is 25m to 35m below the main zone and has not been mined. This zone is more variable than the other zones. It has the potential to host 1.5 million to 2.5 million tonnes. Evidence from historical and recent drilling suggests average grades across the zone to be in the range of 0.3% to 0.9% WO3.
A detailed underground diamond drilling program from the Sangdong Haulage Level has been designed to quantify the resources in all three zones in the area of investigation. This program consists of 38 holes for a total of 3,530 metres. The aim of the program is to define a measured and indicated resource in excess of 3 million tonnes at a WO3 cut off grade of 0.5%.
Colin Lutherborrow MAusIMM a geologist with 30 years experience in underground mines and the delineation of resources and reserves is a Qualified Person as defined by National Instrument standards has read and approved this release.
Brian Wesson FAusIMM President/ CEO
Woulfe Mining
brian.w@woulfe.com.au
Woulfe launches new web site www.woulfemining.com
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=15784
Antwort auf Beitrag Nr.: 39.886.232 von dr-miraculix am 27.07.10 22:44:05moin,
solange die beteiligungen nicht in bewegung kommen, bleibt auch hier der hund begraben. imo ist eine orientierung am WOF-zeitplan momentan sinnvoll (s. post.#346). MAO hat aber auch wieder bemerkenswerte ergebnisse hervorgebracht:
Woulfe Mining prepares to drill at Sangdong
2010-07-28 09:17 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING IS UNDERGROUND AT SANGDONG MINE WITH OPPORTUNITY FOR EARLY PRODUCTION
Woulfe Mining Corp. proposes to fast-track the development of its world-class Sangdong tungsten-molybdenum project in South Korea with a staged development approach. This is a significant change in approach and is the result of information gathered following the approval of the mine development licence in June (see company announcement dated June 7, 2010).
The company has been able to gain access to the upper levels of the deposit and this has contributed to an improved understanding of the orebody, in particular the potential for the early exploitation of life-of-mine pillars around haulage and ventilation workings. These pillars lie within the historically highest grade portion of the deposit.
Woulfe has prepared a drilling program to delineate a block lying above the valley floor that has the potential to contain three million to five million tonnes of relatively high-grade resources. This is an exploration target as it is uncertain if further delineation drilling will result in defining a grade distribution that will support this tonnage of mineral resource. The program consists of 38 holes for a total of 3,530 metres and will be carried out from the Sangdong level. Drilling is scheduled to commence as soon as rehabilitation of the level is sufficiently advanced. The Sangdong level was used as a haulage level, and provides access to the vertical and inclined shafts on the eastern flank of the deposit, and to the main ventilation incline about 1.2 kilometres along strike on the western flank. Much of the level was reportedly maintained to a high standard during mining operations as it was an important component of the haulage and ventilation system. A haulage drive connects the two inclines and a secondary footwall drive lies about 150 metres to the south of the main drive. Drilling will be carried out from crosscuts connecting the drives.
The aim of the drilling program is to define a measured and indicated resource in excess of three million tonnes at a cut-off grade of 0.5 per cent WO3 within a block extending from 50 metres above the Sangdong level down 25 to 30 metres below. The drilling program utilizes information from recent surface drilling (2007/2008), historical underground drilling and mine plans, mine closure reports to the Korean government that have recently been located, and from information gained from senior members of the mine technical team who were responsible for Sangdong at the time of closure.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1743693…
Maudore drills 143.5 g/t Au over 1.5 m at Comtois
2010-07-28 15:23 ET - News Release
Mr. Ronald Shorr reports
MAUDORE DRILLING EXTENDS COMTOIS ZONES: 143.5 G/T AU AND 117.0 G/T AU OVER 1.5M, AT THE WEST AND EAST KNOWN LIMITS OF THE 11/2KM STRIKE LENGTH
Maudore Minerals Ltd. has released more high-grade gold drilling results from 14 holes on the Comtois project (near Lebel-sur-Quevillon, north of Val d'Or, Que., Canada). Maudore is pleased to announce two additional high-grade results of 143.5 grams per tonne gold over 1.5 metres beyond the eastern limit of Osborne (COM-10-405 on Section 2875mE), possibly extending the resource several hundred metres eastward, and of 117.0 g/t Au over 1.5 m obtained near the western end of the project in the Bell area (COM-10-386 on Section 1375mE). These new holes, 1.5 kilometres apart, surround the exceptional high-grade result of 239.0 g/t Au over 1.5 m (COM-10-348) from the Midway area (Section 1750mE) announced in Stockwatch on June 15, 2010.
Chief executive officer Ron Shorr stated: "These new results strongly support the concept of an extensive mineralized system at Comtois, with many more exceptional results between the Osborne and Midway. The 143.5-gram-per-tonne intercept over 300 metres east of the Osborne main area, a direction with limited drilling to date, could extend the resource length."
New drilling highlights -- 18 intercepts above 10 g/t, including nine intercepts above 20 g/t
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:MAO-1743855…
Lions Gate Metals agreement for Poplar Lake claims
2010-07-28 17:15 ET - Property Agreement
The TSX Venture Exchange has accepted for filing an option agreement dated April 29, 2009, between Lions Gate Metals Inc. and John Bot whereby the company will acquire a 100-per-cent interest in 16 mineral claims known as the Poplar Lake claims located in northwestern British Columbia.
Total consideration consists of 100,000 shares of the company to be issued over a four-year period.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1743941…
Lions Gate Metals agreement for Poplar South
2010-07-28 17:12 ET - Property Agreement
The TSX Venture Exchange has accepted for filing an option agreement dated May 25, 2009, between Lions Gate Metals Inc. and Pattie Walker whereby the company will acquire a 100-per-cent interest in three mineral claims known as the Poplar South claims located in northwestern British Columbia.
Total consideration consists of 30,000 shares of the company to be issued over a four-year period.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1743936…
solange die beteiligungen nicht in bewegung kommen, bleibt auch hier der hund begraben. imo ist eine orientierung am WOF-zeitplan momentan sinnvoll (s. post.#346). MAO hat aber auch wieder bemerkenswerte ergebnisse hervorgebracht:
Woulfe Mining prepares to drill at Sangdong
2010-07-28 09:17 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING IS UNDERGROUND AT SANGDONG MINE WITH OPPORTUNITY FOR EARLY PRODUCTION
Woulfe Mining Corp. proposes to fast-track the development of its world-class Sangdong tungsten-molybdenum project in South Korea with a staged development approach. This is a significant change in approach and is the result of information gathered following the approval of the mine development licence in June (see company announcement dated June 7, 2010).
The company has been able to gain access to the upper levels of the deposit and this has contributed to an improved understanding of the orebody, in particular the potential for the early exploitation of life-of-mine pillars around haulage and ventilation workings. These pillars lie within the historically highest grade portion of the deposit.
Woulfe has prepared a drilling program to delineate a block lying above the valley floor that has the potential to contain three million to five million tonnes of relatively high-grade resources. This is an exploration target as it is uncertain if further delineation drilling will result in defining a grade distribution that will support this tonnage of mineral resource. The program consists of 38 holes for a total of 3,530 metres and will be carried out from the Sangdong level. Drilling is scheduled to commence as soon as rehabilitation of the level is sufficiently advanced. The Sangdong level was used as a haulage level, and provides access to the vertical and inclined shafts on the eastern flank of the deposit, and to the main ventilation incline about 1.2 kilometres along strike on the western flank. Much of the level was reportedly maintained to a high standard during mining operations as it was an important component of the haulage and ventilation system. A haulage drive connects the two inclines and a secondary footwall drive lies about 150 metres to the south of the main drive. Drilling will be carried out from crosscuts connecting the drives.
The aim of the drilling program is to define a measured and indicated resource in excess of three million tonnes at a cut-off grade of 0.5 per cent WO3 within a block extending from 50 metres above the Sangdong level down 25 to 30 metres below. The drilling program utilizes information from recent surface drilling (2007/2008), historical underground drilling and mine plans, mine closure reports to the Korean government that have recently been located, and from information gained from senior members of the mine technical team who were responsible for Sangdong at the time of closure.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1743693…
Maudore drills 143.5 g/t Au over 1.5 m at Comtois
2010-07-28 15:23 ET - News Release
Mr. Ronald Shorr reports
MAUDORE DRILLING EXTENDS COMTOIS ZONES: 143.5 G/T AU AND 117.0 G/T AU OVER 1.5M, AT THE WEST AND EAST KNOWN LIMITS OF THE 11/2KM STRIKE LENGTH
Maudore Minerals Ltd. has released more high-grade gold drilling results from 14 holes on the Comtois project (near Lebel-sur-Quevillon, north of Val d'Or, Que., Canada). Maudore is pleased to announce two additional high-grade results of 143.5 grams per tonne gold over 1.5 metres beyond the eastern limit of Osborne (COM-10-405 on Section 2875mE), possibly extending the resource several hundred metres eastward, and of 117.0 g/t Au over 1.5 m obtained near the western end of the project in the Bell area (COM-10-386 on Section 1375mE). These new holes, 1.5 kilometres apart, surround the exceptional high-grade result of 239.0 g/t Au over 1.5 m (COM-10-348) from the Midway area (Section 1750mE) announced in Stockwatch on June 15, 2010.
Chief executive officer Ron Shorr stated: "These new results strongly support the concept of an extensive mineralized system at Comtois, with many more exceptional results between the Osborne and Midway. The 143.5-gram-per-tonne intercept over 300 metres east of the Osborne main area, a direction with limited drilling to date, could extend the resource length."
New drilling highlights -- 18 intercepts above 10 g/t, including nine intercepts above 20 g/t
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:MAO-1743855…
Lions Gate Metals agreement for Poplar Lake claims
2010-07-28 17:15 ET - Property Agreement
The TSX Venture Exchange has accepted for filing an option agreement dated April 29, 2009, between Lions Gate Metals Inc. and John Bot whereby the company will acquire a 100-per-cent interest in 16 mineral claims known as the Poplar Lake claims located in northwestern British Columbia.
Total consideration consists of 100,000 shares of the company to be issued over a four-year period.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1743941…
Lions Gate Metals agreement for Poplar South
2010-07-28 17:12 ET - Property Agreement
The TSX Venture Exchange has accepted for filing an option agreement dated May 25, 2009, between Lions Gate Metals Inc. and Pattie Walker whereby the company will acquire a 100-per-cent interest in three mineral claims known as the Poplar South claims located in northwestern British Columbia.
Total consideration consists of 30,000 shares of the company to be issued over a four-year period.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1743936…
Hallo Hanfy, du scheinst ja hier seit fast 3 Monaten der Alleinunterhalter des Forums zu sein.
Danke für die Infos!
Sitze das ganze momentan nur aus. Ist aber ganz schön frustrierend. Null Volumen und wohl auch Null Intersse an dieser Aktie.
Danke für die Infos!
Sitze das ganze momentan nur aus. Ist aber ganz schön frustrierend. Null Volumen und wohl auch Null Intersse an dieser Aktie.
Trading Spotlight
Antwort auf Beitrag Nr.: 39.876.592 von Hanfy am 26.07.10 15:14:00Van Sun says GE to provide financing for Finavera
2010-07-27 09:40 ET - In the News
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:FVR-1743246…
6-seitiger Bericht zu FVR:
FINAVERA UPDATE: Northland Capital Partners upgrades Finavera to Sector Outperform
http://www.finavera.com/files/FVR%20Sector%20Outperform%20PO…
2010-07-27 09:40 ET - In the News
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:FVR-1743246…
6-seitiger Bericht zu FVR:
FINAVERA UPDATE: Northland Capital Partners upgrades Finavera to Sector Outperform
http://www.finavera.com/files/FVR%20Sector%20Outperform%20PO…
Finavera Renewables Signs $7.5 million Joint Development Agreement with GE Energy for British Columbia Wind Projects
Vancouver, Canada, July 26th, 2010 - Finavera Renewables Inc. ('Finavera Renewables' or the 'Company') (TSX-V: FVR) is pleased to announce it has entered into a project development partnership with GE Energy, a business unit of GE. Under the terms of the Joint Development Agreement (JDA), GE will provide Finavera Renewables with project development funding up to $7,500,000 for the Company's Peace Region wind projects. Following an extensive suitability analysis by Finavera, GE shall also be the preferred wind turbine supplier for those projects.
The development funding will be repaid at each respective project's financial close and does not impact Finavera's equity position in the projects.GE Energy has co-developed thousands of megawatts of wind projects in North America and that expertise will be applied to this partnership in order to deliver high return projects on time and on budget.
"We are extremely excited to be working with GE Energy on the development of these wind projects," said Finavera Renewables CEO Jason Bak. "This partnership combines Finavera's exceptional wind projects with GE Energy's outstanding technical experience to produce a team that will ensure the success of these projects. This deal significantly enhances our ability to move our projects to construction and grow our wind portfolio over the next several years."
In March, Finavera was awarded 25 years electricity purchase agreements for four wind turbine projects totaling 301 megawatts of installed capacity. The JDA will provide Finavera with the funding necessary to continue to achieve project development milestones and to move the projects through to financial close.
The JDA replaces the Development Funding Agreement ("DFA") announced by the Company January 21, 2010. The signing of the JDA also removes the DFA security provision against a minority interest in the Company's Cloosh Valley wind project.
Jason Bak, CEO
http://www.finavera.com/files/2010-07-26%20Finavera%20Renewa…
Vancouver, Canada, July 26th, 2010 - Finavera Renewables Inc. ('Finavera Renewables' or the 'Company') (TSX-V: FVR) is pleased to announce it has entered into a project development partnership with GE Energy, a business unit of GE. Under the terms of the Joint Development Agreement (JDA), GE will provide Finavera Renewables with project development funding up to $7,500,000 for the Company's Peace Region wind projects. Following an extensive suitability analysis by Finavera, GE shall also be the preferred wind turbine supplier for those projects.
The development funding will be repaid at each respective project's financial close and does not impact Finavera's equity position in the projects.GE Energy has co-developed thousands of megawatts of wind projects in North America and that expertise will be applied to this partnership in order to deliver high return projects on time and on budget.
"We are extremely excited to be working with GE Energy on the development of these wind projects," said Finavera Renewables CEO Jason Bak. "This partnership combines Finavera's exceptional wind projects with GE Energy's outstanding technical experience to produce a team that will ensure the success of these projects. This deal significantly enhances our ability to move our projects to construction and grow our wind portfolio over the next several years."
In March, Finavera was awarded 25 years electricity purchase agreements for four wind turbine projects totaling 301 megawatts of installed capacity. The JDA will provide Finavera with the funding necessary to continue to achieve project development milestones and to move the projects through to financial close.
The JDA replaces the Development Funding Agreement ("DFA") announced by the Company January 21, 2010. The signing of the JDA also removes the DFA security provision against a minority interest in the Company's Cloosh Valley wind project.
Jason Bak, CEO
http://www.finavera.com/files/2010-07-26%20Finavera%20Renewa…
Woulfe Mining to adopt poison pill
2010-07-22 09:13 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING SHAREHOLDERS RIGHTS PLAN TO BE IMPLEMENTED AT ANNUAL GENERAL MEETING
Woulfe Mining Corp., subject to shareholder approval at the annual general meeting to be tentatively scheduled in late November, 2010, and the approval of the TSX Venture Exchange, will implement a shareholder rights plan. The rights plan is designed to encourage the fair treatment of shareholders in the event of any takeover offer for the company. The rights plan will provide the board and the shareholders with more time than the 35 days provided by statute, to fully consider any unsolicited takeover bid for the company without undue pressure, and allow the board to pursue, if appropriate, other alternatives to maximize shareholder value and to allow additional time for competing bids to emerge.
"We are still in the early stages of developing our mineral properties," notes Brian Wesson, Woulfe's president and chief executive officer. "We firmly believe that the value of our mineral properties, especially the Sangdong property, could far exceed the current, relatively small market capitalization of our company. To protect and maximize the value held by our stakeholders we are implementing a shareholder rights plan."
Under the rights plan, a bidder making a permitted bid (as defined in the rights plan) for the common shares of the company may not take up any shares before the close of business on the 60th day after the date of the bid and unless at least 50 per cent of the company's common shares not beneficially owned by the person making the bid and certain related parties are deposited, in which case the bid must be extended for 10 business days on the same terms to allow other shareholders to deposit to the bid. The rights plan will encourage an offeror to proceed by way of permitted bid or to approach the board with a view to negotiation by creating the potential for substantial dilution of the offeror's position if a non-permitted bid is attempted. The permitted bid provisions of the rights plan are designed to ensure that, in any takeover bid, all shareholders are treated equally, receive the maximum available value for their investment and are given adequate time to properly assess the bid on a fully informed basis.
The rights plan is not being proposed in response to, or in anticipation of, any acquisition or takeover offer and is not intended to prevent a takeover of the company, to secure continuance of current management or the directors in office or to deter fair offers for the common shares of the company. The rights plan does not affect in any way the financial condition of the company. The initial issuance of the rights pursuant to the rights plan is not dilutive and will not affect reported earnings per share or cash flow per share until the rights separate from the underlying common shares and become exercisable.
The rights plan is subject to the approval of TSX Venture Exchange and the approval of the shareholders. Shareholders should refer to the information circular for the annual general meeting when available for further details.
We seek Safe Harbor.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
2010-07-22 09:13 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING SHAREHOLDERS RIGHTS PLAN TO BE IMPLEMENTED AT ANNUAL GENERAL MEETING
Woulfe Mining Corp., subject to shareholder approval at the annual general meeting to be tentatively scheduled in late November, 2010, and the approval of the TSX Venture Exchange, will implement a shareholder rights plan. The rights plan is designed to encourage the fair treatment of shareholders in the event of any takeover offer for the company. The rights plan will provide the board and the shareholders with more time than the 35 days provided by statute, to fully consider any unsolicited takeover bid for the company without undue pressure, and allow the board to pursue, if appropriate, other alternatives to maximize shareholder value and to allow additional time for competing bids to emerge.
"We are still in the early stages of developing our mineral properties," notes Brian Wesson, Woulfe's president and chief executive officer. "We firmly believe that the value of our mineral properties, especially the Sangdong property, could far exceed the current, relatively small market capitalization of our company. To protect and maximize the value held by our stakeholders we are implementing a shareholder rights plan."
Under the rights plan, a bidder making a permitted bid (as defined in the rights plan) for the common shares of the company may not take up any shares before the close of business on the 60th day after the date of the bid and unless at least 50 per cent of the company's common shares not beneficially owned by the person making the bid and certain related parties are deposited, in which case the bid must be extended for 10 business days on the same terms to allow other shareholders to deposit to the bid. The rights plan will encourage an offeror to proceed by way of permitted bid or to approach the board with a view to negotiation by creating the potential for substantial dilution of the offeror's position if a non-permitted bid is attempted. The permitted bid provisions of the rights plan are designed to ensure that, in any takeover bid, all shareholders are treated equally, receive the maximum available value for their investment and are given adequate time to properly assess the bid on a fully informed basis.
The rights plan is not being proposed in response to, or in anticipation of, any acquisition or takeover offer and is not intended to prevent a takeover of the company, to secure continuance of current management or the directors in office or to deter fair offers for the common shares of the company. The rights plan does not affect in any way the financial condition of the company. The initial issuance of the rights pursuant to the rights plan is not dilutive and will not affect reported earnings per share or cash flow per share until the rights separate from the underlying common shares and become exercisable.
The rights plan is subject to the approval of TSX Venture Exchange and the approval of the shareholders. Shareholders should refer to the information circular for the annual general meeting when available for further details.
We seek Safe Harbor.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
Pinetree Capital Announces Extension Of Line Of Credit
July 21, 2010
TORONTO, Ontario – Pinetree Capital Ltd. (the “Company) (TSX: PNP) is pleased to announce the extension of the maturity date of its $25 million standby line of credit (the “Line”) to December 31, 2010. The Line is provided by the Company’s Chief Executive Officer, Sheldon Inwentash, and bears interest at a rate of 1% per month on draw down amounts, has a standby fee of 0.25% on any unused portion and is secured by the company’s assets. Currently, $4.49 million is outstanding under the Line.
http://www.pinetreecapital.com/investors/news_releases/index…
July 21, 2010
TORONTO, Ontario – Pinetree Capital Ltd. (the “Company) (TSX: PNP) is pleased to announce the extension of the maturity date of its $25 million standby line of credit (the “Line”) to December 31, 2010. The Line is provided by the Company’s Chief Executive Officer, Sheldon Inwentash, and bears interest at a rate of 1% per month on draw down amounts, has a standby fee of 0.25% on any unused portion and is secured by the company’s assets. Currently, $4.49 million is outstanding under the Line.
http://www.pinetreecapital.com/investors/news_releases/index…
Antwort auf Beitrag Nr.: 39.850.977 von Hanfy am 20.07.10 20:41:35Lions Gate Metals provides Faulkner consulting terms
2010-07-21 12:34 ET - News Release
Mr. Arni Johannson reports
LIONS GATE ENTERS INTO CONSULTING AGREEMENT WITH KEN FAULKNER
Further to Lions Gate Metals Inc.'s new release of July 20, 2010, available in Stockwatch, the company is providing the terms of the consulting agreement entered into with Ken Faulkner. The agreement provides that Mr. Faulkner will provide strategic and business development services to the company for a period of three months, commencing July 19, 2010, in consideration of a monthly consulting fee of $6,500 and reimbursement of monthly out-of-pocket expenses, not to exceed $1,000 per month without prior approval. The company will grant to Mr. Faulkner a non-transferable incentive stock option representing the right to purchase up to 50,000 shares of the company, exercisable in whole or in part at a price of 80 cents per share, for a three-month term, in accordance with the terms of the company's rolling stock option plan.
We seek Safe Harbor.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
2010-07-21 12:34 ET - News Release
Mr. Arni Johannson reports
LIONS GATE ENTERS INTO CONSULTING AGREEMENT WITH KEN FAULKNER
Further to Lions Gate Metals Inc.'s new release of July 20, 2010, available in Stockwatch, the company is providing the terms of the consulting agreement entered into with Ken Faulkner. The agreement provides that Mr. Faulkner will provide strategic and business development services to the company for a period of three months, commencing July 19, 2010, in consideration of a monthly consulting fee of $6,500 and reimbursement of monthly out-of-pocket expenses, not to exceed $1,000 per month without prior approval. The company will grant to Mr. Faulkner a non-transferable incentive stock option representing the right to purchase up to 50,000 shares of the company, exercisable in whole or in part at a price of 80 cents per share, for a three-month term, in accordance with the terms of the company's rolling stock option plan.
We seek Safe Harbor.
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…
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