Resinco CP (RIN.TO) - Neustart mit langfristiger Erfolgsaussicht (Seite 91)
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Resinco Capital's April 30 NAV at 10 cents
2012-05-22 09:48 ET - News Release
Mr. John Icke reports
RESINCO(R) CAPITAL PARTNERS INC. RELEASES APRIL 2012 UNAUDITED NET ASSET VALUE PER SHARE
Resinco Capital Partners Inc. is publishing its net asset value (NAV) for the end of April, 2012. As of April 30, 2012, Resinco's unaudited NAV per share was 10 cents. The closing price of six cents on April 30, 2012, represents a 41-per-cent discount to the NAV.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:RIN-1961112…
Uranium Energy Corp Provides Update on Permitting for Goliad, Burke Hollow and Channen Projects in South Texas
Canada NewsWire
CORPUS CHRISTI, TX, May 21, 2012
NYSE MKT Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, May 21, 2012 /CNW/ - Uranium Energy Corp. (NYSE MKT: UEC, the "Company" or "UEC") is pleased to provide an update and progress report resulting from recent correspondence whereby the regional EPA requested additional information from the Texas Commission on Environmental Quality (the "TCEQ") regarding the Company's aquifer exemption at its Goliad in-situ recovery ("ISR") uranium project located in Goliad County in South Texas.
The Company has received all of the required permits to begin construction at the Goliad ISR project. As announced in previous releases, an aquifer exemption is required before uranium recovery activities can be initiated. Aquifer exemptions are issued jointly by the regional EPA and the State (TCEQ). TCEQ has earlier granted the Goliad project aquifer exemption, and has filed a request for EPA's concurrence. With the regional EPA's concurrence, UEC can initiate uranium recovery operations at the site.
In past reviews of aquifer exemptions, the EPA has made requests for additional information as part of its ordinary review process, and, as noted in its letter to the TCEQ, has issued more than 30 aquifer exemptions for in-situ uranium mining in Texas. The Company will continue to work with the TCEQ and the EPA as the review process moves forward.
Burke Hollow ISR Project in Bee County
The Company is also pleased to report receipt last week of the exploration permit for the new Burke Hollow project in Bee County. Exploration drilling will commence here this week. The drilling program will extend and delineate mineralized zones discovered from historical drilling by a subsidiary of Total Minerals in 1993, and will also include a statistical grid covering the entire 17,510-acre property.
Channen ISR Project in Goliad County
By mid-June, UEC also anticipates receipt of the exploration permit for the Company's newest project in South Texas, the Channen ISR project in Goliad County, with initial drilling to commence by the end of June. The drill program will initially consist of a statistical grid covering the entire 10,704-acre property.
About Uranium Energy Corp.
Uranium Energy Corp. is a U.S.-based uranium production, development and exploration company operating North America's newest emerging uranium mine. The Company's fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery project, which is ramping up initial production, and the Goliad in-situ recovery project which has been granted its Mine Permit and is in the initial stages of mine construction. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
http://www.stockwatch.com/News/Item.aspx?bid=U-C9376-U%3aUEC…
2012-05-22 09:48 ET - News Release
Mr. John Icke reports
RESINCO(R) CAPITAL PARTNERS INC. RELEASES APRIL 2012 UNAUDITED NET ASSET VALUE PER SHARE
Resinco Capital Partners Inc. is publishing its net asset value (NAV) for the end of April, 2012. As of April 30, 2012, Resinco's unaudited NAV per share was 10 cents. The closing price of six cents on April 30, 2012, represents a 41-per-cent discount to the NAV.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:RIN-1961112…
Uranium Energy Corp Provides Update on Permitting for Goliad, Burke Hollow and Channen Projects in South Texas
Canada NewsWire
CORPUS CHRISTI, TX, May 21, 2012
NYSE MKT Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, May 21, 2012 /CNW/ - Uranium Energy Corp. (NYSE MKT: UEC, the "Company" or "UEC") is pleased to provide an update and progress report resulting from recent correspondence whereby the regional EPA requested additional information from the Texas Commission on Environmental Quality (the "TCEQ") regarding the Company's aquifer exemption at its Goliad in-situ recovery ("ISR") uranium project located in Goliad County in South Texas.
The Company has received all of the required permits to begin construction at the Goliad ISR project. As announced in previous releases, an aquifer exemption is required before uranium recovery activities can be initiated. Aquifer exemptions are issued jointly by the regional EPA and the State (TCEQ). TCEQ has earlier granted the Goliad project aquifer exemption, and has filed a request for EPA's concurrence. With the regional EPA's concurrence, UEC can initiate uranium recovery operations at the site.
In past reviews of aquifer exemptions, the EPA has made requests for additional information as part of its ordinary review process, and, as noted in its letter to the TCEQ, has issued more than 30 aquifer exemptions for in-situ uranium mining in Texas. The Company will continue to work with the TCEQ and the EPA as the review process moves forward.
Burke Hollow ISR Project in Bee County
The Company is also pleased to report receipt last week of the exploration permit for the new Burke Hollow project in Bee County. Exploration drilling will commence here this week. The drilling program will extend and delineate mineralized zones discovered from historical drilling by a subsidiary of Total Minerals in 1993, and will also include a statistical grid covering the entire 17,510-acre property.
Channen ISR Project in Goliad County
By mid-June, UEC also anticipates receipt of the exploration permit for the Company's newest project in South Texas, the Channen ISR project in Goliad County, with initial drilling to commence by the end of June. The drill program will initially consist of a statistical grid covering the entire 10,704-acre property.
About Uranium Energy Corp.
Uranium Energy Corp. is a U.S.-based uranium production, development and exploration company operating North America's newest emerging uranium mine. The Company's fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery project, which is ramping up initial production, and the Goliad in-situ recovery project which has been granted its Mine Permit and is in the initial stages of mine construction. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
http://www.stockwatch.com/News/Item.aspx?bid=U-C9376-U%3aUEC…
Mesa Exploration Receives Utah Congressional Delegation Support for the Bounty Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2012) - Mesa Exploration Corp. (TSX VENTURE:MSA)(PINKSHEETS:MSAJF) announces support from the Utah Congressional delegation for the 100% owned Bounty Potash Project in western Utah. U.S. Senators Orrin Hatch and Mike Lee as well as U.S. Congressman Rob Bishop have expressed support to the Bureau of Land Management for the development of the project by Mesa. The delegation described how advancing the project would reduce dependence on foreign producers, help the economy of the region, provide economic development, jobs and State and Federal royalty payments.
Foster Wilson, President & CEO commented: "It is encouraging to receive such strong political support at the federal level. In addition, Utah's Governor Gary Herbert and the Utah Legislature are committed to competitive fiscal policies and job creation. Mesa looks forward to developing the Bounty Potash Project in such an industry-friendly environment."
About the Bounty Potash Project
Historic exploration work at Bounty was conducted in 1966 by Quintana Petroleum. Quintana drilled 35 auger holes resulting in the definition of 5.1 million tons of potash (MOP) averaging 6.8 grams/liter potash. Quintana limited the estimation of the resource to the top 10 feet of the brine aquifer, the depth limits of the auger drilling equipment that was used; Mesa controls 80% of this resource. The Quintana resource is historical in nature and was calculated using a polygonal contour estimation method, the industry standard prior to NI 43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource, Mesa is not treating the historical estimate as current mineral resources.
The project is 15 miles north of Intrepid Potash's Wendover operation, a potash production facility that is chemically and physically analogous to the deposit at the Bounty project. The Bounty project consists of 90 square miles of potash prospecting permit applications from the Bureau of Land Management (BLM) and 14 square miles of Potash Leases from the State of Utah. The Wendover facility has been in production for 75 years utilizing a system of potash brine collection ditches and solar evaporation ponds, with potash and salt being processed in a simple flotation mill. The Wendover facility has an annual production of 100,000 tons of potash and 200,000 tons of magnesium chloride, grossing $60 million per year.
The Bounty project area is a remnant of a regional Pleistocene lake which deposited a salt flat underlain by a potash brine aquifer at depths of 2 to 6 feet. The aquifer is contained in a bed of sand, silt and clay. Several potash brine mines in the area are operating on similar lake remnants, producing muriate of potassium (MOP) and sulphate of potassium (SOP), at operating costs of $180 per ton. MOP sells for $500 per ton and SOP for $650 per ton.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings in proven mining districts with excellent access and infrastructure. Mesa currently has 14 million shares issued and outstanding, 50% of the shares are controlled by insiders and institutions. For further information please visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION CORP.
Foster Wilson, President and CEO
http://www.marketwire.com/press-release/mesa-exploration-rec…
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2012) - Mesa Exploration Corp. (TSX VENTURE:MSA)(PINKSHEETS:MSAJF) announces support from the Utah Congressional delegation for the 100% owned Bounty Potash Project in western Utah. U.S. Senators Orrin Hatch and Mike Lee as well as U.S. Congressman Rob Bishop have expressed support to the Bureau of Land Management for the development of the project by Mesa. The delegation described how advancing the project would reduce dependence on foreign producers, help the economy of the region, provide economic development, jobs and State and Federal royalty payments.
Foster Wilson, President & CEO commented: "It is encouraging to receive such strong political support at the federal level. In addition, Utah's Governor Gary Herbert and the Utah Legislature are committed to competitive fiscal policies and job creation. Mesa looks forward to developing the Bounty Potash Project in such an industry-friendly environment."
About the Bounty Potash Project
Historic exploration work at Bounty was conducted in 1966 by Quintana Petroleum. Quintana drilled 35 auger holes resulting in the definition of 5.1 million tons of potash (MOP) averaging 6.8 grams/liter potash. Quintana limited the estimation of the resource to the top 10 feet of the brine aquifer, the depth limits of the auger drilling equipment that was used; Mesa controls 80% of this resource. The Quintana resource is historical in nature and was calculated using a polygonal contour estimation method, the industry standard prior to NI 43-101 standards. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource, Mesa is not treating the historical estimate as current mineral resources.
The project is 15 miles north of Intrepid Potash's Wendover operation, a potash production facility that is chemically and physically analogous to the deposit at the Bounty project. The Bounty project consists of 90 square miles of potash prospecting permit applications from the Bureau of Land Management (BLM) and 14 square miles of Potash Leases from the State of Utah. The Wendover facility has been in production for 75 years utilizing a system of potash brine collection ditches and solar evaporation ponds, with potash and salt being processed in a simple flotation mill. The Wendover facility has an annual production of 100,000 tons of potash and 200,000 tons of magnesium chloride, grossing $60 million per year.
The Bounty project area is a remnant of a regional Pleistocene lake which deposited a salt flat underlain by a potash brine aquifer at depths of 2 to 6 feet. The aquifer is contained in a bed of sand, silt and clay. Several potash brine mines in the area are operating on similar lake remnants, producing muriate of potassium (MOP) and sulphate of potassium (SOP), at operating costs of $180 per ton. MOP sells for $500 per ton and SOP for $650 per ton.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings in proven mining districts with excellent access and infrastructure. Mesa currently has 14 million shares issued and outstanding, 50% of the shares are controlled by insiders and institutions. For further information please visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION CORP.
Foster Wilson, President and CEO
http://www.marketwire.com/press-release/mesa-exploration-rec…
Uranium Energy Corp Acquires Channen Exploration Project in South Texas
Canada NewsWire
CORPUS CHRISTI, TX, May 15, 2012
10,704-acre property is the sixth addition to the Company's South Texas hub-and-spoke production strategy.
Property lies on-trend with the Company's recently acquired Burke Hollow Project in Bee County, and on-trend with several historic and two active in-situ recovery mines.
Company plans to launch near-term drilling program.
NYSE MKT Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, May 15, 2012 /CNW/ - Uranium Energy Corp. (NYSE MKT: UEC, the "Company" or "UEC") is pleased to announce that it has acquired the rights to explore for uranium on the Channen Project, a 10,704-acre property located in southern Goliad County, Texas (the "Project"). The project is situated on the Goliad trend within the prolific South Texas Uranium Belt, and is located approximately 50 miles to the southeast of the Company's Hobson uranium processing facility.
The Channen Project lies on-trend with and approximately 20 miles northeast of the recently acquired Burke Hollow Project in Bee County, and approximately 25 miles to the south of the Company's Goliad Project. The new property was initially identified after analyzing a group of logs exhibiting gamma-ray anomalies displaying uranium roll-front deposit type characteristics in several sandstone formations with information derived from the Company's extensive exploration database.
Company geologists are currently planning an aggressive exploration program to include a drilling campaign that will be initiated upon receipt of exploration permits from the Railroad Commission of Texas. It is anticipated that the drill program will initially consist of a statistical grid covering the entire 10,704-acre property.
Click through here to view a map that shows the Company's hub-and-spoke production plan in South Texas, including the location of the Channen Project in relation to the Company's processing facility and other projects: South Texas Projects.
The technical information in this news release has been reported in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and has been approved by Andrew Kurrus, P.G., Chief Geologist, Texas, for UEC, a qualified person under NI 43-101.
About Uranium Energy Corp.
Uranium Energy Corp. is a U.S.-based uranium production, development and exploration company operating North America's newest emerging uranium mine. The Company's fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery project, which is ramping up initial production, and the Goliad in-situ recovery project which has been granted its Mine Permit and is in the initial stages of mine construction. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
http://www.stockwatch.com/News/Item.aspx?bid=U-C7689-U%3aUEC…
Canada NewsWire
CORPUS CHRISTI, TX, May 15, 2012
10,704-acre property is the sixth addition to the Company's South Texas hub-and-spoke production strategy.
Property lies on-trend with the Company's recently acquired Burke Hollow Project in Bee County, and on-trend with several historic and two active in-situ recovery mines.
Company plans to launch near-term drilling program.
NYSE MKT Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, May 15, 2012 /CNW/ - Uranium Energy Corp. (NYSE MKT: UEC, the "Company" or "UEC") is pleased to announce that it has acquired the rights to explore for uranium on the Channen Project, a 10,704-acre property located in southern Goliad County, Texas (the "Project"). The project is situated on the Goliad trend within the prolific South Texas Uranium Belt, and is located approximately 50 miles to the southeast of the Company's Hobson uranium processing facility.
The Channen Project lies on-trend with and approximately 20 miles northeast of the recently acquired Burke Hollow Project in Bee County, and approximately 25 miles to the south of the Company's Goliad Project. The new property was initially identified after analyzing a group of logs exhibiting gamma-ray anomalies displaying uranium roll-front deposit type characteristics in several sandstone formations with information derived from the Company's extensive exploration database.
Company geologists are currently planning an aggressive exploration program to include a drilling campaign that will be initiated upon receipt of exploration permits from the Railroad Commission of Texas. It is anticipated that the drill program will initially consist of a statistical grid covering the entire 10,704-acre property.
Click through here to view a map that shows the Company's hub-and-spoke production plan in South Texas, including the location of the Channen Project in relation to the Company's processing facility and other projects: South Texas Projects.
The technical information in this news release has been reported in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and has been approved by Andrew Kurrus, P.G., Chief Geologist, Texas, for UEC, a qualified person under NI 43-101.
About Uranium Energy Corp.
Uranium Energy Corp. is a U.S.-based uranium production, development and exploration company operating North America's newest emerging uranium mine. The Company's fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery project, which is ramping up initial production, and the Goliad in-situ recovery project which has been granted its Mine Permit and is in the initial stages of mine construction. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
http://www.stockwatch.com/News/Item.aspx?bid=U-C7689-U%3aUEC…
Mesa Exploration Bounty Potash Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2012) - Mesa Exploration Corp. (TSX VENTURE:MSA)(PINKSHEETS:MSAJF) ("Mesa") announces an update on progress at the 100% owned Bounty Potash Project in the Great Salt Lake Desert of western Utah. Dr. Wallace Gwynn, a saline brine expert recently retired from the Utah Geological Survey, has provide to Mesa a summary report on various aspects of the Bounty Potash Project. Dr. Gwynn has an intimate knowledge of the potash production from brine in the Great Salt Lake Desert and the Great Salt Lake of western Utah.
The report by Dr. Gwynn documents previous work completed at the project, summarizing aquifer recharge and discharge, brine concentrations, chemistry and provisional extraction strategies. Historic brine chemistry is summarized as well as detailed climate data documenting recharge and evaporation rates useful in planning potential potash production. Preliminary exploration work and data collection plans in the report chart a path forward to develop the project with detailed reporting and exploration work to follow based upon this report.
A Utah-based drilling contractor with extensive local brine drilling experience has been engaged for the program. Cross Marine Projects Company has over 38 years of experience and has equipment specifically designed for working on salt flats and playas. Permitting is advancing with the expectation that drilling will commence this summer.
About the Bounty Potash Project
Historic exploration work at Bounty was conducted in 1966 by Quintana Petroleum. Quintana drilled 35 auger holes resulting in the definition of 5.1 million tons of potash (MOP) grading 6.8 grams/liter. Quintana limited the estimation of the resource to the top 10 feet of the brine aquifer, the depth limits of the auger drilling equipment; Mesa controls 80% of this resource. The Quintana resource is historical in nature and was calculated using a polygonal contour estimation method, the industry standard prior to NI 43-101 standards, thus it is not NI 43-101 compliant and should not be considered as a current resource.
The project is 15 miles north of Intrepid Potash's Wendover operation, a potash mine which is chemically and physically analogous to the deposit at the Bounty project. The Bounty project consists of 90 square miles of potash prospecting permit applications from the Bureau of Land Management (BLM) and 14 square miles of Potash Leases from the State of Utah. The Wendover mine has been in production for 75 years utilizing a system of potash brine collection ditches and solar evaporation ponds, with potash and salt being processed in a simple flotation mill. The Wendover mine has annual production of 100,000 tons of potash and 200,000 tons of magnesium chloride, grossing $60 million per year.
The Bounty project area is a remnant of a regional Pleistocene lake which deposited a salt flat underlain by a potash brine aquifer at depths of 2 to 6 feet. The aquifer is contained in a bed of sand, silt and clay. Several potash brine mines in the area are operating on similar lake remnants, producing muriate of potassium (MOP) and sulphate of potassium (SOP), at operating costs of $180 per ton. MOP sells for $500 per ton and SOP for $650 per ton.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings in proven mining districts with excellent access and infrastructure. Mesa currently has 14 million shares issued and outstanding, 50% of the shares are controlled by insiders and institutions. For further information please visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION CORP.
Foster Wilson, President and CEO
http://www.marketwire.com/press-release/mesa-exploration-bou…
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2012) - Mesa Exploration Corp. (TSX VENTURE:MSA)(PINKSHEETS:MSAJF) ("Mesa") announces an update on progress at the 100% owned Bounty Potash Project in the Great Salt Lake Desert of western Utah. Dr. Wallace Gwynn, a saline brine expert recently retired from the Utah Geological Survey, has provide to Mesa a summary report on various aspects of the Bounty Potash Project. Dr. Gwynn has an intimate knowledge of the potash production from brine in the Great Salt Lake Desert and the Great Salt Lake of western Utah.
The report by Dr. Gwynn documents previous work completed at the project, summarizing aquifer recharge and discharge, brine concentrations, chemistry and provisional extraction strategies. Historic brine chemistry is summarized as well as detailed climate data documenting recharge and evaporation rates useful in planning potential potash production. Preliminary exploration work and data collection plans in the report chart a path forward to develop the project with detailed reporting and exploration work to follow based upon this report.
A Utah-based drilling contractor with extensive local brine drilling experience has been engaged for the program. Cross Marine Projects Company has over 38 years of experience and has equipment specifically designed for working on salt flats and playas. Permitting is advancing with the expectation that drilling will commence this summer.
About the Bounty Potash Project
Historic exploration work at Bounty was conducted in 1966 by Quintana Petroleum. Quintana drilled 35 auger holes resulting in the definition of 5.1 million tons of potash (MOP) grading 6.8 grams/liter. Quintana limited the estimation of the resource to the top 10 feet of the brine aquifer, the depth limits of the auger drilling equipment; Mesa controls 80% of this resource. The Quintana resource is historical in nature and was calculated using a polygonal contour estimation method, the industry standard prior to NI 43-101 standards, thus it is not NI 43-101 compliant and should not be considered as a current resource.
The project is 15 miles north of Intrepid Potash's Wendover operation, a potash mine which is chemically and physically analogous to the deposit at the Bounty project. The Bounty project consists of 90 square miles of potash prospecting permit applications from the Bureau of Land Management (BLM) and 14 square miles of Potash Leases from the State of Utah. The Wendover mine has been in production for 75 years utilizing a system of potash brine collection ditches and solar evaporation ponds, with potash and salt being processed in a simple flotation mill. The Wendover mine has annual production of 100,000 tons of potash and 200,000 tons of magnesium chloride, grossing $60 million per year.
The Bounty project area is a remnant of a regional Pleistocene lake which deposited a salt flat underlain by a potash brine aquifer at depths of 2 to 6 feet. The aquifer is contained in a bed of sand, silt and clay. Several potash brine mines in the area are operating on similar lake remnants, producing muriate of potassium (MOP) and sulphate of potassium (SOP), at operating costs of $180 per ton. MOP sells for $500 per ton and SOP for $650 per ton.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral properties in the United States where it controls significant land holdings in proven mining districts with excellent access and infrastructure. Mesa currently has 14 million shares issued and outstanding, 50% of the shares are controlled by insiders and institutions. For further information please visit our website at www.MesaExploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION CORP.
Foster Wilson, President and CEO
http://www.marketwire.com/press-release/mesa-exploration-bou…
Antwort auf Beitrag Nr.: 43.119.769 von Hanfy am 04.05.12 10:54:18Uranium Energy Corp. Announces an Indicated Resource of 17 Million Pounds U3O8 and an Inferred Resource of 12 Million Pounds U3O8 at the Company's Anderson Project in Arizona
Canada NewsWire
CORPUS CHRISTI, TX, May 8, 2012
NYSE Amex Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, May 8, 2012 /CNW/ - Uranium Energy Corp. (NYSE AMEX: UEC, the "Company" or "UEC") is pleased to announce that the Company has received an independent resource estimate for its Anderson Project located in Yavapai County, Arizona. The resource estimate was produced by Bruce Davis, of BD Resource Consulting, Inc., and Robert Sim, of Sim Geological, Inc., both Qualified Persons within the meaning of CSA National Instrument 43-101 ("NI 43-101"). The technical report includes mineral resources in both open pit and underground settings as follows:
[...]
http://www.stockwatch.com/News/Item.aspx?bid=U-C5228-U%3aUEC…
Canada NewsWire
CORPUS CHRISTI, TX, May 8, 2012
NYSE Amex Equities Exchange Symbol - UEC
CORPUS CHRISTI, TX, May 8, 2012 /CNW/ - Uranium Energy Corp. (NYSE AMEX: UEC, the "Company" or "UEC") is pleased to announce that the Company has received an independent resource estimate for its Anderson Project located in Yavapai County, Arizona. The resource estimate was produced by Bruce Davis, of BD Resource Consulting, Inc., and Robert Sim, of Sim Geological, Inc., both Qualified Persons within the meaning of CSA National Instrument 43-101 ("NI 43-101"). The technical report includes mineral resources in both open pit and underground settings as follows:
[...]
http://www.stockwatch.com/News/Item.aspx?bid=U-C5228-U%3aUEC…
Trading Spotlight
Woulfe Mining drills 13.1 m of 0.6% WO3 at Sangdong
2012-05-03 09:10 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING REPORTS CONTINUED STRONG DRILL RESULTS FROM THE ONGOING SANGDONG DRILLING PROGRAM
Woulfe Mining Corp. has released assay results for samples associated with the drilling program at Sangdong. Drilling from underground locations at Sangdong is continuing, and the results will be used to progressively update the resource estimate.
This batch of assay results comprises 16 holes, of which nine were drilled from the Sangdong level and seven were drilled from raises between the Sangdong and 1 levels. Most were short holes of 30 to 50 metres length targeting the Footwall zones between the 1 level and the Taebaek level. Two were longer holes to test all three zones; however, both terminated at the Main zone after intersecting stoped-out areas.
Significant Footwall zone intersections include 13.1 metres true width at 0.6 per cent tungsten trioxide (WO3) (WSDD0096), including 4.5 metres true width at 0.85 per cent WO3, and 6.9 metres true width at 0.52 per cent WO3 (WSDD0105). One hole intersected the Hangingwall zone with an intersection of 7.3 metres true width at 0.35 per cent WO3 (WSDD0100).
The significant drilling results are summarized in the accompanying table.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1954573…
Lions Gate Metals' retesting raises Poplar Ag grade
2012-05-03 10:48 ET - News Release
Mr. Paul Sarjeant reports
LIONS GATE METALS INC. CONFIRMS INCREASED GRADE AT POPLAR SILVER ZONE; RE-ASSAY OF SILVER ANOMALIES INDICATE SIGNIFICANT ADDED-VALUE IN 34 TARGET AREAS OUTSIDE THE NI43-101 MINERAL RESOURCE AREA
Lions Gate Metals Inc. has reassayed a three-metre sample of hole 11-PC-113, as part of the company's continuing quality assurance/quality control program. The sample returned a 53-per-cent increase in silver grade over the entire 75.15-metre length of the hole. Silver grade increased from 200 grams per tonne (g/t) silver (Ag) to 308 g/t Ag, elevating overall silver values from 11.71 g/t Ag to 17.89 g/t Ag, and copper equivalent values from 0.15 per cent to 0.22 per cent. Hole 11-PC-113 is located in the Silver zone, approximately 180 metres north of the Poplar Main zone and East zone mineral resource areas.
"A total of 34 EM conductors within and around copper porphyry targets, often associated with silver mineralization, were identified from the 2010 airborne magnetic and electromagnetic survey report that covered the Poplar project area," says Lions Gate president and chief executive officer Paul Sarjeant. "Survey results associated with these holes indicate that other EM targets near the Poplar Main and East zones may host similar high-grade silver mineralization. Further testing is planned to determine how we might expand the resource and/or improve the economics of the ultimate potential pit."
The higlights of the quality assurance-quality control program reassay results are summarized in the attached table.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1954643…
Uranium Industry Showing Positive Gains in 2012
2012-05-03 08:20 ET - News Release
NEW YORK, NY -- (Marketwire) -- 05/03/12
Last year the Fukushima disaster in Japan started a downward spiral for companies in the Uranium Industry. Approximately one year later the industry looks to be finally recovering as the Global X Uranium ETF (URA) is up nearly 12 percent year-to-date. "Fukushima put a speed bump on the road to the nuclear renaissance," Ganpat Mani, president of Converdyn, said at a nuclear industry summit. "It's not going to delay the programs around the world." The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on USEC Inc. (NYSE: USU) and Uranium Energy Corp. (NYSE: UEC).
Access to full reports can be found at:
www.ParagonReport.com/USU
www.ParagonReport.com/UEC
Approximately 650 million people in China and India currently are living without electricity. With the high costs of fossil fuel the most viable options for these countries would be nuclear power. Indonesia, Egypt, and Chile are among some of the nations that have plans to build their first nuclear power station, the list of countries operating atomic plants currently stands at 30. According to numbers released by the World Nuclear Association there are 61 reactors that are presently under construction, and plans to build another 162.
"In two years, there will be very strong demand on the market, as new reactors start operating, and as new contracts with the existing fleet kick in," Areva SA's Chief Commercial Officer Ruben Lazo said in a previous interview.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=U-i0882549-U%3a…
2012-05-03 09:10 ET - News Release
Mr. Brian Wesson reports
WOULFE MINING REPORTS CONTINUED STRONG DRILL RESULTS FROM THE ONGOING SANGDONG DRILLING PROGRAM
Woulfe Mining Corp. has released assay results for samples associated with the drilling program at Sangdong. Drilling from underground locations at Sangdong is continuing, and the results will be used to progressively update the resource estimate.
This batch of assay results comprises 16 holes, of which nine were drilled from the Sangdong level and seven were drilled from raises between the Sangdong and 1 levels. Most were short holes of 30 to 50 metres length targeting the Footwall zones between the 1 level and the Taebaek level. Two were longer holes to test all three zones; however, both terminated at the Main zone after intersecting stoped-out areas.
Significant Footwall zone intersections include 13.1 metres true width at 0.6 per cent tungsten trioxide (WO3) (WSDD0096), including 4.5 metres true width at 0.85 per cent WO3, and 6.9 metres true width at 0.52 per cent WO3 (WSDD0105). One hole intersected the Hangingwall zone with an intersection of 7.3 metres true width at 0.35 per cent WO3 (WSDD0100).
The significant drilling results are summarized in the accompanying table.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:WOF-1954573…
Lions Gate Metals' retesting raises Poplar Ag grade
2012-05-03 10:48 ET - News Release
Mr. Paul Sarjeant reports
LIONS GATE METALS INC. CONFIRMS INCREASED GRADE AT POPLAR SILVER ZONE; RE-ASSAY OF SILVER ANOMALIES INDICATE SIGNIFICANT ADDED-VALUE IN 34 TARGET AREAS OUTSIDE THE NI43-101 MINERAL RESOURCE AREA
Lions Gate Metals Inc. has reassayed a three-metre sample of hole 11-PC-113, as part of the company's continuing quality assurance/quality control program. The sample returned a 53-per-cent increase in silver grade over the entire 75.15-metre length of the hole. Silver grade increased from 200 grams per tonne (g/t) silver (Ag) to 308 g/t Ag, elevating overall silver values from 11.71 g/t Ag to 17.89 g/t Ag, and copper equivalent values from 0.15 per cent to 0.22 per cent. Hole 11-PC-113 is located in the Silver zone, approximately 180 metres north of the Poplar Main zone and East zone mineral resource areas.
"A total of 34 EM conductors within and around copper porphyry targets, often associated with silver mineralization, were identified from the 2010 airborne magnetic and electromagnetic survey report that covered the Poplar project area," says Lions Gate president and chief executive officer Paul Sarjeant. "Survey results associated with these holes indicate that other EM targets near the Poplar Main and East zones may host similar high-grade silver mineralization. Further testing is planned to determine how we might expand the resource and/or improve the economics of the ultimate potential pit."
The higlights of the quality assurance-quality control program reassay results are summarized in the attached table.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1954643…
Uranium Industry Showing Positive Gains in 2012
2012-05-03 08:20 ET - News Release
NEW YORK, NY -- (Marketwire) -- 05/03/12
Last year the Fukushima disaster in Japan started a downward spiral for companies in the Uranium Industry. Approximately one year later the industry looks to be finally recovering as the Global X Uranium ETF (URA) is up nearly 12 percent year-to-date. "Fukushima put a speed bump on the road to the nuclear renaissance," Ganpat Mani, president of Converdyn, said at a nuclear industry summit. "It's not going to delay the programs around the world." The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on USEC Inc. (NYSE: USU) and Uranium Energy Corp. (NYSE: UEC).
Access to full reports can be found at:
www.ParagonReport.com/USU
www.ParagonReport.com/UEC
Approximately 650 million people in China and India currently are living without electricity. With the high costs of fossil fuel the most viable options for these countries would be nuclear power. Indonesia, Egypt, and Chile are among some of the nations that have plans to build their first nuclear power station, the list of countries operating atomic plants currently stands at 30. According to numbers released by the World Nuclear Association there are 61 reactors that are presently under construction, and plans to build another 162.
"In two years, there will be very strong demand on the market, as new reactors start operating, and as new contracts with the existing fleet kick in," Areva SA's Chief Commercial Officer Ruben Lazo said in a previous interview.
[...]
http://www.stockwatch.com/News/Item.aspx?bid=U-i0882549-U%3a…
Woulfe Mining's' Gold Project Resource Increase and Project Economic for Development
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 2, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT: OZ4) is pleased to announce that the Inferred Resource in the Three Brothers vein (one of nine mineralized veins within the project area) has increased to 900,000 tonnes grading 10 g/t gold at a cut-off of 4 g/t gold with a minimum mining width of 1.2 meters (approximately 289,000 ounces). The mineralization also contains silver, but silver has been excluded from the mineral resource estimate due to a lack of data and was not modeled as part of the Preliminary Economic Assessment (PEA).
Some areas of the vein that were previously considered not to have reasonable prospects of economic extraction are now considered to be potentially mineable due to a revised access strategy that AMC has developed as part of the PEA. These additional areas have sufficient sample support to be included in the Inferred Resource. Additional production data from the period 1992 to 1996, demonstrates that the mined ore bulk density was generally 2.7 t/m3 and this has been used in the current mineral resource estimate. This differs from the 3.5 t/m3 originally stated by Woulfe, and the 3 t/m3 used by AMC in the 10 January 2012 release. AMC has also increased the cut-off grade from 3 g/t gold to 4 g/t gold to make it consistent with the PEA.
Figure 1 shows the area of the Inferred Resource colored in red. The main reasons for the difference to the Inferred Resource released on10 January 2012 are:
The proposed decline access strategy allows smaller and more dispersed packages of the resource to potentially be mined relative to the original shaft access strategy. Addition of the smaller packages of the resource has increased the tonnage by 475,000 tonnes and decreased the grade by 1 g/t gold.
The bulk density has been changed from 3 t/m3 to 2.7 t/m3. Decreasing the bulk density has decreased the tonnage by 90,000 tonnes, with no change in the gold grade.
The change in cut-off grade from 3 to 4 g/t gold. Increasing the cut-off grade has decreased the tonnage by 5,000 tonnes, with no significant change in the gold grade.
The net effect of these changes is to increase the tonnes and lower the grade of the Inferred Mineral Resource relative to the 10 January 2012 release from 520,000 tonnes at 11 g/t gold to 900,000 tonnes at 10 g/t gold.
To view Figure 1 Extent of Mineralization and the Inferred Mineral Resource, please visit the following link: http://media3.marketwire.com/docs/787014_fig_1.pdf
NB: AMC Consultants considered the economics of only one vein in the field of nine veins in the Preliminary Economic Assessment. On this basis alone the assessment indicated it is economic to reopen the field. The update of the Inferred Resource is principally a result of the PEA access method and the increased Inferred Resource does not imply that the PEA requires updating.
The financial metrics of the project are summarized below:
NPV (8% discount rate): US$31.8 million
IRR: 22%
Gold price: US$1,600
Mine life: 7 years
Production rate: 145,000 tonnes per annum
Average gold recovered per annum: 26,000 ounces
Operating cost: US$676 per ounce
Woulfe cautions that the PEA is preliminary in nature. It is based on an inferred mineral resource. Inferred resources are based on limited information, and grade continuity has been assumed, but not verified. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource that is the subject of the PEA will be converted into mineral reserve. No mineral reserves were estimated as part of the PEA.
Mr. Brian Wesson, CEO of Woulfe, comments that AMC Consultants has assessed the economics of one vein of nine at Muguk and have shown that it is economic to open Muguk to unlock the upside potential in the Three Brothers vein on strike and down dip and in the other veins in the field. Our recent focus has been the Sangdong project that is moving forward into construction. Muguk will now be moved forward as our exploration staff is freed up from Sangdong and the permanent staff takes control. Sangdong now has 65 staff.
The AMC resource estimate has been reviewed and approved in the form and context in which it appears by Woulfe's geological advisor, Dr Andrew Fowler M.AIG, MAusIMM, PhD, BSc (hons), of AMC Consultants Pty Ltd and Woulfe's mining engineering advisor, Mr. Edward Gleeson MAusIMM (CP) BEng (mining). Dr Fowler and Mr. Gleeson have appropriate qualifications and sufficient relevant experience to qualify as Qualified Persons for the reporting of a Mineral Resource for the Three Brothers Vein of the Muguk Gold Mine.
On Behalf of the Board of Directors
Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
About Woulfe Mining Corp.
http://www.marketwire.com/press-release/woulfe-minings-gold-…
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 2, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT: OZ4) is pleased to announce that the Inferred Resource in the Three Brothers vein (one of nine mineralized veins within the project area) has increased to 900,000 tonnes grading 10 g/t gold at a cut-off of 4 g/t gold with a minimum mining width of 1.2 meters (approximately 289,000 ounces). The mineralization also contains silver, but silver has been excluded from the mineral resource estimate due to a lack of data and was not modeled as part of the Preliminary Economic Assessment (PEA).
Some areas of the vein that were previously considered not to have reasonable prospects of economic extraction are now considered to be potentially mineable due to a revised access strategy that AMC has developed as part of the PEA. These additional areas have sufficient sample support to be included in the Inferred Resource. Additional production data from the period 1992 to 1996, demonstrates that the mined ore bulk density was generally 2.7 t/m3 and this has been used in the current mineral resource estimate. This differs from the 3.5 t/m3 originally stated by Woulfe, and the 3 t/m3 used by AMC in the 10 January 2012 release. AMC has also increased the cut-off grade from 3 g/t gold to 4 g/t gold to make it consistent with the PEA.
Figure 1 shows the area of the Inferred Resource colored in red. The main reasons for the difference to the Inferred Resource released on10 January 2012 are:
The proposed decline access strategy allows smaller and more dispersed packages of the resource to potentially be mined relative to the original shaft access strategy. Addition of the smaller packages of the resource has increased the tonnage by 475,000 tonnes and decreased the grade by 1 g/t gold.
The bulk density has been changed from 3 t/m3 to 2.7 t/m3. Decreasing the bulk density has decreased the tonnage by 90,000 tonnes, with no change in the gold grade.
The change in cut-off grade from 3 to 4 g/t gold. Increasing the cut-off grade has decreased the tonnage by 5,000 tonnes, with no significant change in the gold grade.
The net effect of these changes is to increase the tonnes and lower the grade of the Inferred Mineral Resource relative to the 10 January 2012 release from 520,000 tonnes at 11 g/t gold to 900,000 tonnes at 10 g/t gold.
To view Figure 1 Extent of Mineralization and the Inferred Mineral Resource, please visit the following link: http://media3.marketwire.com/docs/787014_fig_1.pdf
NB: AMC Consultants considered the economics of only one vein in the field of nine veins in the Preliminary Economic Assessment. On this basis alone the assessment indicated it is economic to reopen the field. The update of the Inferred Resource is principally a result of the PEA access method and the increased Inferred Resource does not imply that the PEA requires updating.
The financial metrics of the project are summarized below:
NPV (8% discount rate): US$31.8 million
IRR: 22%
Gold price: US$1,600
Mine life: 7 years
Production rate: 145,000 tonnes per annum
Average gold recovered per annum: 26,000 ounces
Operating cost: US$676 per ounce
Woulfe cautions that the PEA is preliminary in nature. It is based on an inferred mineral resource. Inferred resources are based on limited information, and grade continuity has been assumed, but not verified. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource that is the subject of the PEA will be converted into mineral reserve. No mineral reserves were estimated as part of the PEA.
Mr. Brian Wesson, CEO of Woulfe, comments that AMC Consultants has assessed the economics of one vein of nine at Muguk and have shown that it is economic to open Muguk to unlock the upside potential in the Three Brothers vein on strike and down dip and in the other veins in the field. Our recent focus has been the Sangdong project that is moving forward into construction. Muguk will now be moved forward as our exploration staff is freed up from Sangdong and the permanent staff takes control. Sangdong now has 65 staff.
The AMC resource estimate has been reviewed and approved in the form and context in which it appears by Woulfe's geological advisor, Dr Andrew Fowler M.AIG, MAusIMM, PhD, BSc (hons), of AMC Consultants Pty Ltd and Woulfe's mining engineering advisor, Mr. Edward Gleeson MAusIMM (CP) BEng (mining). Dr Fowler and Mr. Gleeson have appropriate qualifications and sufficient relevant experience to qualify as Qualified Persons for the reporting of a Mineral Resource for the Three Brothers Vein of the Muguk Gold Mine.
On Behalf of the Board of Directors
Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
About Woulfe Mining Corp.
http://www.marketwire.com/press-release/woulfe-minings-gold-…
Woulfe Mining Strategic Partner IMC, Signed MOU With Korean Government on Development of Sangdong Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT: OZ4) is pleased to update shareholders regarding developments within Korea that impact its 100% owned Sangdong Project.
As an extension of its agreements signed with Woulfe Mining on February 29, 2012, IMC, a Warren Buffett company, entered into a Memorandum of Understanding with municipal governments in charge. The MOU executed on Wednesday 25rd April among the representative of IMC, the Governor of Gangwon Province and the Mayor of Yeongwol County stipulates "close cooperation between IMC and relevant government authorities for the successful development of the Sangdong Minie project (the "Project")".
According to the MOU, IMC will invest CAD70 million to acquire 25% stake of Sangdong Mine and to build an APT plant.
Gangwon Province and Yeongwol County stated in the MOU that "In order for earlier recognition of IMC's investment effect, government authorities will fully support the Project in the areas of permits, designation of Foreign Direct Investment Zone, building of roads and other infrastructure as well as tax exemption and will continue to attract corporations related to the Project.
Comment from Brian Wesson, CEO of Woulfe:
"This MOU between IMC and the relevant government authorities is of significant importance to us. It was following the Definitive Feasibility Study released by Tetra Tech Company a few days ago in which the NPV of Sangdong Mine for the first 11.5 years was assessed to be $400.5 million or 46% IRR. In addition to the IMC's investment, undivided support from relevant governments will assure the successful completion of the Sangdong Project and will help us achieve the targeted production of tungsten concentrate and APTs in mid-2013."
On Behalf of the Board of Directors, Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
http://www.marketwire.com/press-release/woulfe-mining-strate…
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT: OZ4) is pleased to update shareholders regarding developments within Korea that impact its 100% owned Sangdong Project.
As an extension of its agreements signed with Woulfe Mining on February 29, 2012, IMC, a Warren Buffett company, entered into a Memorandum of Understanding with municipal governments in charge. The MOU executed on Wednesday 25rd April among the representative of IMC, the Governor of Gangwon Province and the Mayor of Yeongwol County stipulates "close cooperation between IMC and relevant government authorities for the successful development of the Sangdong Minie project (the "Project")".
According to the MOU, IMC will invest CAD70 million to acquire 25% stake of Sangdong Mine and to build an APT plant.
Gangwon Province and Yeongwol County stated in the MOU that "In order for earlier recognition of IMC's investment effect, government authorities will fully support the Project in the areas of permits, designation of Foreign Direct Investment Zone, building of roads and other infrastructure as well as tax exemption and will continue to attract corporations related to the Project.
Comment from Brian Wesson, CEO of Woulfe:
"This MOU between IMC and the relevant government authorities is of significant importance to us. It was following the Definitive Feasibility Study released by Tetra Tech Company a few days ago in which the NPV of Sangdong Mine for the first 11.5 years was assessed to be $400.5 million or 46% IRR. In addition to the IMC's investment, undivided support from relevant governments will assure the successful completion of the Sangdong Project and will help us achieve the targeted production of tungsten concentrate and APTs in mid-2013."
On Behalf of the Board of Directors, Woulfe Mining Corp.
Brian Wesson (FAusIMM), President, CEO and Director
http://www.marketwire.com/press-release/woulfe-mining-strate…
Lions Gate Metals extends CEA terms with Wet'suwet'en
2012-04-30 08:48 ET - News Release
Mr. Paul Sarjeant reports
LIONS GATE METALS INC. SIGNS EXTENSION OF COMMUNICATION & ENGAGEMENT AGREEMENT WITH IRST NATIONS
Lions Gate Metals Inc. has signed an amended communication and engagement agreement (CEA) with the Office of the Wet'suwet'en. The amendments extend the terms of the original CEA to ensure continued first nations support with the company's exploration activity in parts of the Wet'suwet'en traditional territories where LGM wishes to advance select exploration activities this summer.
"In summary," says Blair McIntyre, vice-president of Lions Gate, "this extension amendment ensures that the Office of the Wet'suwet'en leadership continues to support the efforts of the company and demonstrates that we, as corporate citizens, continue our best efforts to act in good conscience and with social responsibility. Community relationship-building is an ongoing process, and one that the company is committed to."
Since the company engaged meaningful relations with local first nations, the company has: endeavoured to hire local first nations people to work on company exploration programs; provided capacity financing to ensure meaningful engagement; financed a traditional land use study to address project specific risks; conducted an open house information session; and sponsored and participated in local first nations events. Moving forward, the company will continue to collaborate and engage first nations in meaningful ways, including holding gatherings at exploration locations, and promoting continuing involvement in oversight of work taking place on first nations traditional territories. Lions Gate president and chief executive officer, Paul Sarjeant, concludes, "By ensuring full transparency with the Wet'suwet'en, we hope to demonstrate that, first nations collaboration and employment are integral to our exploration processes, and further that first nations input illustrates our company's commitment to meaningful and authentic community consultation."
The company has terminated its investor relations agreement with Advanture Capital that was entered into June 8, 2011.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1952044…
2012-04-30 08:48 ET - News Release
Mr. Paul Sarjeant reports
LIONS GATE METALS INC. SIGNS EXTENSION OF COMMUNICATION & ENGAGEMENT AGREEMENT WITH IRST NATIONS
Lions Gate Metals Inc. has signed an amended communication and engagement agreement (CEA) with the Office of the Wet'suwet'en. The amendments extend the terms of the original CEA to ensure continued first nations support with the company's exploration activity in parts of the Wet'suwet'en traditional territories where LGM wishes to advance select exploration activities this summer.
"In summary," says Blair McIntyre, vice-president of Lions Gate, "this extension amendment ensures that the Office of the Wet'suwet'en leadership continues to support the efforts of the company and demonstrates that we, as corporate citizens, continue our best efforts to act in good conscience and with social responsibility. Community relationship-building is an ongoing process, and one that the company is committed to."
Since the company engaged meaningful relations with local first nations, the company has: endeavoured to hire local first nations people to work on company exploration programs; provided capacity financing to ensure meaningful engagement; financed a traditional land use study to address project specific risks; conducted an open house information session; and sponsored and participated in local first nations events. Moving forward, the company will continue to collaborate and engage first nations in meaningful ways, including holding gatherings at exploration locations, and promoting continuing involvement in oversight of work taking place on first nations traditional territories. Lions Gate president and chief executive officer, Paul Sarjeant, concludes, "By ensuring full transparency with the Wet'suwet'en, we hope to demonstrate that, first nations collaboration and employment are integral to our exploration processes, and further that first nations input illustrates our company's commitment to meaningful and authentic community consultation."
The company has terminated its investor relations agreement with Advanture Capital that was entered into June 8, 2011.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:LGM-1952044…
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