Full Metal Minerals - Goldproduktion 2011 - Marktkap. ca. 15 Mio - Sprott über 20 % - BOD z.T. von U - 500 Beiträge pro Seite

[praesens]

Full Metal Minerals (Symbol: FMM), gegründet 2004, ist ein in Alaska aktiver Goldexplorer (u.a.).
Aktienkurs an der TSX-V zurzzeit zwischen 0,20 und 0,22 Can$.
Marketcap aktuell 15 Mio Can$.

Es besteht ein JV mit Kinross (60 % Kinross, 40 % FMM) in der Kuskokwim Region.

Das Hauptaugenmerk liegt aber bei den beiden properties "Lucky Shot" und "40 Mile".
Lucky Shot soll im Frühjahr 2011 in Produktion gehen !!
Marketcap, siehe oben, 15 Mio ...
DESHALB halte ich FMM für interessant !

Aber der Reihe nach:
Hier eine Übersicht der diversen properties (läßt sich leider nicht kopieren - FlashPlayer, daher der link):
http://www.fullmetalminerals.com/s/properties.asp

LUCKY SHOT:
- historische Produktion 600.000 Unzen
- FMM entdeckte in 2005 eine zusätzliche high grade zone, 2.400 m lang und 700 m tief
- grades u.a.:
62.23g/t Au over 3.05m
219.06g/t Au over 4.00m
51.54g/t Au over 4.56m
134.48g/t Au over 1.20m
60.27g/t Au over 2.50m
32.81g/t Au over 3.48m
- 68 Meilen nördlich von Anchorage
- ganzjährig über Strasse erreichbar
- Infrastruktur vorhanden, u.a. eine 200-tpd-mill
- Bahnlinie als auch Elektrizität in unmittelbarer Nähe
- JV mit Harmony Gold (60 % Harmony, 40 % FMM),
- eine sehr gute Übersicht: http://www.fullmetalminerals.com/s/luckyshot.asp
- die letzte news vom 11.02. mit u.a.:
C09-152: 3.6 meters averaging 24.14 g/t Au
C09-153: 0.9 meters averaging 102.00 g/t Au
C09-158: 0.6 meters averaging 58.20 g/t Au
C09-169: 3.7 meters averaging 19.23 g/t Au
C09-171: 7.3 meters averaging 36.38 g/t Au
C09-152: 3.6 meters averaging 24.14 g/t Au
C09-152: 3.6 meters averaging 24.14 g/t Au
http://www.fullmetalminerals.com/s/NewsReleases.asp?ReportID… Companies intend to
commence mining and processing the bulk sample in the spring of 2011.cky-Shot-Underground..." target="_blank" rel="nofollow ugc noopener">http://www.fullmetalminerals.com/s/NewsReleases.asp?ReportID… Companies intend to
commence mining and processing the bulk sample in the spring of 2011.cky-Shot-Underground...
- The Companies intend to
commence mining and processing the bulk sample in the spring of 2011.







40 MILE:
- LVM deposit highgrade Zink, Blei und Silber
- open in all directions
- 28 Meilen zum nächsten Highway
- Bohrergebnisse u.a.:
15.72% Zn, 110.9 g/t Ag, 4.02% Pb, and 0.32% Cu
over 12.1 meters (LWM 06-01)
15.9% Zn, 76.6 g/t Ag, 5.3% Pb, and 0.19% Cu
over 44.57 meters (LWM 07-04)
21.2% Zn, 127.0 g/t Ag, 8.7% Pb, and 0.22% Cu
over 15.6 meters (LWM 07-07)
31.6% Zn, 464.2 g/t Ag, 11.3% Pb, and 1.41% Cu
over 6.48 meters (LWM 07-09)
13.3% Zn, 159.2 g/t Ag, 9.5% Pb, and 0.25% Cu
over 13.15 meters (LWM 07-17)
10.8% Zn, 30.7 g/t Ag, 2% Pb, and 0.16% Cu over
126.5 meters (LWM 07-19)
- INDIUM: During 2008, nine individual samples from holes LWM08-23, 28 and 34 were also analyzed for Indium; values range from trace to 39.8 g/t In, averaging 16.1 g/t In
- Ausführlicher: http://www.fullmetalminerals.com/s/40mile.asp






Auf der Insgesamt SEHR informativen Homepage findet Ihr unter "properties" und "presentations" ausführliche Infos:
http://www.fullmetalminerals.com


AKTIENSTRUKTUR:
Shares Outstanding: 90,206,952
Fully Diluted: 120,845,976


Holders of Canada : FMM - FULL METAL MINERALS LTD.
Total number of holders: 25

Results 1 to 25
Sort by: Number of shares - Largest increase - Largest decrease - No change - Report date - Alphabetically

Targeted Security Holder List
Holder Name Shares Held % of O/S Report Date Change
WARRANTS OUTSTANDING 20,646,524 26.52 % 20090203 14,038,832
SPROTT ASSET MANAGEMENT INC. 10,234,250 13.15 % 20090131 5,751,000
OPTIONS OUTSTANDING (TOTAL) 4,267,500 5.48 % 20090203 0
SPROTT GOLD AND PRECIOUS METALS FUND 3,619,250 4.65 % 20090630 0
SPROTT CANADIAN EQUITY FUND 2,446,600 3.14 % 20090630 1,976,800
WILLIAMS, MICHAEL JEFFREY 1,364,200 1.75 % 20081124 71,000
MCLEOD, ROBERT JOHN 1,337,500 1.72 % 20081118 52,500
FRONT STREET GROWTH FUND (FORMERLY SMALL CAP CANADIAN FUND) 1,047,500 1.35 % 20090630 0
AGF PRECIOUS METALS FUND 800,000 1.03 % 20090930 0



KONTAKTDATEN:
Full Metal Minerals
Suite 1500 - 409 Granville Street
Vancouver, BC, Canada
V6C 1T2
Tel: [phone]
Fax: [phone]
TF: 866.284.2296
Email: info@fullmetalminerals


Keine Kaufempfehlung. Bilde sich jeder sein eigenes Urteil.

[Popeye82]

[praesens]

Bob Moriarty über Full Metal Minerals:

Getting in a Lucky Shot
Bob Moriarty
Archives
Feb 15, 2010

Three and a half years ago I visited a company in Alaska named Full Metal Minerals. (FMM) I wrote about them at the time. Full Metal has good management and projects but doesn't get much respect from the market. They use a model of picking up a lot of projects, doing basic geology to advance the project to an attractive stage and then they JV the projects out.

It has not been a successful model for them or for many others. Eagle Plains uses the same model and to a certain degree Novagold does. Investors won't pay a premium for anything past a project or two. FMM was $2.30 then with 30 million shares and are $.20 with 90 million shares now.

I did visit their Lucky Shot project that was their lead project. Their intent was to drill the project to define a minable resource and then put it into production. They never got around to production and the market has spanked them.

The Lucky Shot mine went into production in 1921 and averaged a grade of 1.48 ounces to the ton gold. They produced 250,000 ounces before being shut down in 1942 due to World War II.

In November of 2009 Full Metal Minerals announced a deal with Harmony Gold (of Canada) (H.H) where Harmony will pay Full Metal $2 million in cash, issue 4 million shares and incur $8 million in expenses to both further explore the Lucky Shot and to put it into production. It's a brilliant deal for both companies.

Harmony Gold and Full Metal Minerals announced incredible drill results last week. The best hole was 1.2 ounces of gold over 7.3 meters. This is a very rich mine and it needs to be put into production.

For better or worse, FMM is an exploration company. At present, the market doesn't value exploration stories. Harmony is obviously playing off the Harmony of South Africa name but they are a Canadian junior, not in any way connected with Harmony of South Africa. Harmony wants to put the Lucky Shot into production as soon as possible. Harmony is a production story and for that, the market will pay in spades.

The deal with Full Metal Minerals calls for an additional 8 million shares based on production of a bulk sample and the project going into production and another $500,000. So at the end of the day, Harmony will have paid FMM some $2.5 million to earn 60% of the Lucky Shot, spent $8 million advancing it and will have issued 12 million shares of stock.

It's a brilliant deal for both companies.

Right now FMM has a tiny market cap of only $18 million. They will get $2 million cash right away and over time about $6 million in Harmony shares and will still retain 40% of the Lucky Shot. That 40% of the Lucky Shot will still be worth almost the present market cap of FMM. Investors in FMM are getting the rest of the projects for free.

FMM has what could be a massive Carbonate Replacement system in the 40 Mile District with silver, lead, zinc and some copper. Carbonate Replacement systems tend to be very large. While they are advancing that project, investors are getting it for free.

President and CEO of Harmony, Craig Engelsman intends to have the Lucky Shot in production within 13 months. It will take between $15 and $20 million to advance it to full production of 250 tpd. FMM doesn't have the management bandwidth or expertise. Harmony does.

Harmony's board includes Dr Alan Carter, Robert Harrington, Dr John Mark Staude, David Drips and has Andrew Lee Smith of True North Gems and Canaco Resources as an advisor. This is a well-qualified board, not a bunch of family friends carrying rubber stamps for the CEO. This group can and will get the Lucky Shot into production.

Craig plans on driving in a production ramp to the ore body at Lucky Shot. That will take about 10 months and will cost about $8.5 million. The Lucky Shot has been permitted for a bulk sample of 12,500 tonnes. While driving the ramp, Harmony will also be assembling the gravity circuit gold system for its mill. That will cost about $2 million. When both the ramp and mill have been completed, Harmony will begin processing the bulk sample.

Craig's goal is to have the Lucky Shot in production in 13 months with about 50 million shares outstanding and producing 75,000 ounces a year. Those figures seem reasonable and possible to me.

With all the news lately about Greece and the rest of the PIIGS on the verge of a credit default, I want to point out to my readers that this is all part of the 600 trillion dollars worth of derivatives problem I have been harping about for years. There is more debt in the world than there is money to pay it.

We cannot afford the level of government we have in place. That's not just the United States, that's across the world. Promising benefits that you cannot afford is a wonderful way to get voters to vote for you but at the end of the day, you cannot afford it. While tax revenues are plummeting in the United States, the size of government increases daily and we are fed a constant diet of "We have to spend our way out of the hole we spent our way into." That's insane.

At the end of the day, we will have to balance what we can afford with what we provide. When it costs American taxpayers $1 million apiece per year to send soldiers to Afghanistan to fight in a country that has never been conquered in history, maybe we should rethink our priorities. With 47% of Americans not paying a cent in taxes, we have gotten to the point we cannot afford the government we have.

Everyone in debt is going to default. Greece may follow Iceland down the path but in turn, Spain, Ireland, England, Japan and even the US are all doomed to default. Mathematically the debts cannot be repaid and must be written off. When all currencies have been destroyed, gold will still shine.

Gold production stories will be the new Google. Harmony is planning on surfing the wave and they are taking Full Metal Minerals along for the ride.

I was an investor in the recent Harmony Gold private placement. And when I though about the effect of the deal on Full Metal Minerals, I picked up some of their shares on the open market. I happen to really like the deal. It's good for the shareholders of both companies. I like the deposit. It's a high-grade gold deposit, near surface and easy to get into production.

Naturally I have a bias that you need to consider. Harmony or Full Metal Minerals could become advertisers. The companies have nice people working for them so feel free to visit their websites and to call them for more information. Please take responsibility for your own due diligence.

Harmony Gold
H.H-V $.54 (Feb 12, 2010)
HMGLF-OTCBB 14.7 million shares
Harmony Gold website

Full Metal Minerals
FMM-V $.20 Canadian (Feb 12, 2010)
FLMTF-OTCBB 90.2 million shares
Full Metal Minerals website

Bob Moriarty
President: 321gold

[praesens]

Full Metals Pepple South project liegt südöstlich von NORTHERN DYNATSYs Pepple deposit. DIREKT daneben ...
Ebenfalls direkt daneben, nordwestlich, Full Metals Typ-deposit.

Pepple hat 54.000.000 Unzen Gold !!! Measured und indicated.
Sowie 36.900.000 Unzen Gold !!! inferred.
Außerdem Kupfer ohne Ende ...

Northern Dynasty hat bisher 180.000.000 $ in Pepple investiert !
Bis 2007.
Ab dann gab es eine Partnerschaft mit ANGLOAMERICAN, die weitere 250.000.000 $ investierten ...
Jetzt sollen in 2010 weitere 73.000.000 $ bis zur PFS investiert werden ...
Das nenne ich mal Zahlen ...

Nun, spannend, was das für den Nachbarn Full Metal vielleicht alles bedeuten könnte ...

[chinagerd]

Antwort auf Beitrag Nr.: 39.015.579 von praesens am 25.02.10 21:15:09

nun, das kann im prinzip alles oder nichts bedeuten, gehe aber
erst einmal von alles aus, schließlich haben sie alle da oben
gold ohne ende. und wenn man sich mal die kurse der nachbarminen
ansieht, kann man in etwa ahnen, welches potential in fmm steckt.
werde mich an diesem we mal intensiv informieren und evtl. auch
investieren, da ich momentan auf der suche nach einem goldexplorer
mit hervorragenden aussichten bin. chinagerd

[Timesystem1002]

preasens,

ich schätze ja Deine Expertise, aber Lucky Shot bisher ein nur 3-jähriges Minenleben "sicher", klar, ich habe auch gelesen, das die Adern nach allen Seiten offen sind...
dann nur 50.000-70.000 Unzen pro jahr (möglicherweise , bei entsprechenden Explorationserfolgen die gleiche Anzahl additiv dazu).. aber jetzt kommts..., davon gehören FMM nur 40%, die Anderen 60% pfeift sich Harmony rein...

Sicherlich beziehe ich mich hier nur auf die geplanten Goldaktivitäten, sicherlich, Sie können noch massig GOLD finden..., aber Explorationserfoge mit anderen Metallen wird der Markt nicht so berauschend honorieren.

Was meinst Du?

[Timesystem1002]

Bohren die eigentlich aktuell bei Lucky shot weiter? Und gibt es eigentlich schon definierte Ressourcen ode besser Reserven?

[Popeye82]

Antwort auf Beitrag Nr.: 39.183.214 von Timesystem1002 am 20.03.10 12:36:23

Also in meinen Augen ist das Gold bei FMM keinesfalls die Hauptphantasie.

Gruß
Popeye

[Timesystem1002]

Antwort auf Beitrag Nr.: 39.183.408 von Popeye82 am 20.03.10 13:37:17

popeye,

da hast Du sicherlich Recht. Aber belohnt- die anderen Metalle- das auch der Markt?Wenn ich da so an die Noront Bohrergebnisse der letzten Monate denke. minus 50% vom Hoch... und müssten - vom fairen Wert- eigentlich deutlich höher stehen.

[praesens]

Antwort auf Beitrag Nr.: 39.183.214 von Timesystem1002 am 20.03.10 12:36:23

Hallo Timesystem1002,

erstmal sorry für die späte Antwort - ich war zwischenzeitlich in Urlaub.

Sicherlich hast Du Recht, die Gold-Fördermenge wäre nicht gerade riesig. FFM besitzt auch nur 40 %, hat aber meines Wissens eine Option zum Erwerb von 60 % ...

Aktuell wird auf Lucky Shot wohl nicht gebohrt, es laufen aber einige Tests und Studien.

Resourcen sind noch keine ausgewiesen.

Popeye deutete ja schon an, daß FFM es auch noch auf andere Rohstoffe abgesehen hat. Inwieweit der Markt das belohnt, berücksichtigt - schwer zu sagen. In der Regel tut er es ja. Noront ist zur Zeit sicherlich - warum auch immer - ein Sonderfall. Dort hoffe ich übrigens auf einen Paukenschlag der deep drills.

Für mich ist FFM ein early stage, aber kein grasroot mehr. Gute grades über gute Weiten, Infrastruktur zum großen Teil vorhanden,
also etwas zum Abwarten und Tee trinken.

Übrigens heute ein kleiner Umsatz in Frankfurt.

[praesens]

Full Metal Acquires Grizzly Butte Copper-Gold Property, Alaska

VANCOUVER, BRITISH COLUMBIA, Apr 13, 2010 (MARKETWIRE via COMTEX News Network) --

Full Metal Minerals Ltd. (TSX VENTURE: FMM) ("Full Metal") is pleased to announce that the Company has entered into an Exploration Right with an Option to Acquire Agreement for a 100% interest in the Grizzly-Butte copper-gold porphyry, located in south-central Alaska.

The 5,131 hectare Grizzly Butte copper-gold porphyry prospect is located in the Talkeetna Mountains, situated within 20 kilometers of a paved highway.

The Property was last explored by Kennecott Exploration in the 1990's.

Historical exploration of the area included programs by Cities Service and Bear Creek Mining in the 1970's. Previous work included geologic mapping, soil sampling, and an airborne magnetic geophysical survey.

Full Metal Minerals will commence an aggressive exploration program in mid-June 2010 including a resistivity-IP geophysical survey by Zonge Engineering, as well as additional soil and rock sampling and geological mapping. A five hole diamond drilling program will directly follow the geophysical survey, targeting coincident chargeability/surface soil-rock Cu-Au/magnetic and other porphyry style anomalies.

Previous operators completed wide-spaced soil grid with 300 meter line spacings covering a portion of the intrusive complex and extending west over thin surfacial cover. Collectively, there are a total of 313 samples of which 28% returned greater than, or equal, 70 ppb Au and 23% returned greater than, or equal, 280 ppm Cu. Gold anomalies in soil tend to form a broad NE-SW oriented zone 1,680 meters in length and 300 to 750 meter wide around the western outcropping extent of the intrusive complex. Values within this zone average 104 ppb and range up to 1,600 ppb Au. The anomaly is open to the southwest and west, demanding additional sampling. Copper in soil anomalies are more closely associated with the central portion of the intrusive complex and extend to the south across the Grizzly Fault into sediments. This anomaly measures 1,850 by 500 meters and averages 350 ppm Cu ranging up to 1350 ppm Cu forming a crescent shape body. The anomaly is completely open to the east. Spotty anomalous Mo with a peak of 20ppm in soils is noted and cluster within both Cu and Au anomalous zones.

Several strong copper and gold in rock anomalies occur in greenstones more than 1700m away from the anomalous soil zones. 91 samples were historically collected, the range of copper is trace to 1.79% Cu, of which there are 23% of the samples with greater than 500 ppm Cu and three at greater than 1.0% Cu, of which only one was analyzed by over limit AA to 1.79% Cu. Gold values range from trace to a high of 2,660 ppb and 14% assayed over 70 ppb Au, with five averaging 400 ppb Au and higher. Local anomalous molybdenum occurs with some of the copper and gold, ranging up to 1,680ppm Mo.

The combined geochemical anomalies cover an area of about 2,800 by 2,100 meters and span two different drainages, suggesting the source of the anomalies covers a large area. Both the Cu and Au anomalies (soil or rock) are strongly tied to the center and the flanks of the strongest positive magnetic features in the airborne data.

The prospect lies within ...

[praesens]

Ein report zur Entwicklung von Lucky Shot zur Mine - Harmony Gold ist Full Metals jv-partner bei dem Projekt:

From the Midas Letter

Harmony Gold to Become Producer
By Claire O'Connor
MidasLetter.com
Tuesday, April 13, 2009

The brand spanking newly-established Harmony Gold Corp. (TSX.V: H) has assembled a veritable A-Team amongst its Board of Directors to guide the fledgling company towards its goal of becoming a premier gold producer within the next 24 months. Combined with the solid structure of the company, the seasoned team on the ground and the high grade quality of the property; as far as new companies go, Harmony might just emerge as the giant of the litter.

So, if Harmony Gold Corp. is the A-Team, it then begs the question; who is Hannibal, their fearless and feisty leader? That’d be Craig Engelsman. Engelsman has been involved in the venture capital business since 1998, founded Norsemont Mining, co-founded Canaco Resources and is now 100% focused on making a name for Harmony Gold in the very near future.

“The goal for Harmony Gold is that we’ll become one of the newest gold producers. A lot of people are delineating drilling, trying to identify resource in the ground, and so be it; maybe you have 20 million oz, but at the end of the day if that gold’s not coming out of the ground it leaves a big gap in the market. In the junior space, there aren’t a lot of companies that are well led like this and have opportunities so near term. Essentially, the key to harmony gold is to provide the capital and the expertise to get the Lucky Shot gold mine, which happens to be one of the richest gold mines in North America, into production in the next 15 months.”

Lucky Shot Gold Mine
Lucky Shot is a past producing, high grade gold property north of Anchorage, Alaska. Although recent exploration work on Lucky Shot started in 2005, most of the production work was pre. 1939, when a war measures act was introduced ordering men away from the mines, and into the war.

The project is located in the historic Willow Creek Mining District. Past-producing mines in the District are considered to be among the highest grade in the Northern Cordillera, with documented production from company records and The Alaska Department of Mines listed at over 620,000 ounces Au from multiple veins and shears, at an average grade of approximately 1.0 oz/ton Au.

Limited modern exploration had been performed in the District before Full Metal Minerals discovered additional high grade mineralization in 2005 and launched an exploration program. Over the course of 2007, Full Metal completed over 50 diamond drill holes, the primary focus being to determine the extent of the Lucky Shot Shear zone. This drilling program tested three of the four known fault blocks and has extended the continuous gold mineralization to over 2,400 meters along strike, and 700 m down-dip.

Full Metal and Harmony – A Meeting Of Mines
Attracted to the extensive exploration by Full Metal and the indisputable potential of the Lucky Shot Property, Harmony Gold entered into an option agreement with Full Metal entitling Harmony to a 60% interest in Lucky Shot. Engelsman seems to have great confidence in, and solid hope for, the partnership.

“It’s a 60/40 joint venture to start with. Until we understand the resource we’ll stay at that, and then once we understand what’s in there, we’ll move forward on a larger portion of it. The project will require more drilling and more development. We’ll assume operating responsibilities, and we’ll put our own contract in. I just announced Mike Petrina who was Chief Engineer on Miramar Mining and also Pan American Silver. Every guy on our board has a tonne of experience and as a result, we can source people and projects quite quickly.”

As Engelsman mentioned, the company is still awaiting the results of a resource estimation. Until then, Harmony is happy to put in the ground work in, making the property and the company as foolproof and successful as possible.

“So the way we look at it is, these types of mineralised deposits are very nuggety, coarse gold… Full Metal spend 22 million on it - 17 million in drilling - the infrastructure is in place, the mill is in place. We have full government support; there are no native issues, no environmental issues… We’re in the process of completing our final water permit, and we’ll apply for our commercial permit this fall. We’re fully permitted for 12,500 tonnes of material. That 12,500 tonnes of material will come out of the high grade after we ramp in; it’s a kilometre and a half ramp into so basically you’re driving a tunnel to access the highgrade ore body and to get your equipment in. It’s fairly primitive methods of mining, it’s not completely modern, it’s jack legs and slushers, so its hard work, old school mining… but your dilution is next to nothing. And you’re stripping just the high grade out so youre maximising your tonnage.”

Production and Financing
When Harmony does eventually go into production, Engelsman has high hopes regarding output.

“We could produce 60 or 70 or 80 thousand oz here, its ultra high grade material. We’ve got some drill holes that are currently 7 oz over 4.5 meters, so when you’re producing into high grade zones like this, certain months you could produce many more oz per tonne of material than assumed. So at the end of the year you might only produce 80,000 tonnes but you might have 130,000 oz come out of those tonnes.”

Regarding financing, Harmony have raised $6m in the last 6 months and although they’re awaiting the resource estimation before announcing the solid economics behind the project, Engelsman seems to know what hes doing.

“Ultimately we’d like to have 60 million shares out producing 50,000 oz a year and keeping our cash costs around $400 an oz if possible. These numbers can change obviously, but we’re not taking on any debt, it’ll be all equity, we want to make people money.

Essentially once we hit cash flow, and once we’ve acquired all the capital to develop the Lucky Shot, which is give or take $12m to $15m, 10 – 12 months of time, then we’ll leverage our cash flow, higher our share price, our expertise and we’ve got a pipeline of projects from our directors that could weed us in much bigger projects.”

The A-Team
A March 17th press release saw the announcement of Harmony Gold’s new Board of Directors, the aforementioned A-Team. Mentioned in that press release were –

Dr. Alan Carter, Director - An expert in the mineral exploration industry with over 20 years experience working for companies such as Rio Tinto Corp., Balaclava Mines Inc. and BHP Billiton Exploration Group.

Robert John Harrington, Director - With a Master of Sciences Degree in Geology, Harrington also worked for Rio Tinto Corp. and Maurico Hochschild and Company ("MHC").

Dr. John Mark Staude, Director – Having worked for BHP Billiton and Teck Cominco, in Staudes 23 years of experience he has developed extensive Latin America mineral resources in areas such as Mexico and South America. His work in more than 30 countries has led several exploration groups to build strong portfolios and profitable businesses through prospect generation, early stage partnering, and drill discoveries. He also holds a Ph.D. in Economic Geology.

David E. Drips, Director - Drips is a Mining Engineer with over 35 years of experience in the mining industry, focusing on operations and project construction. He has worked with several companies including Pan American Silver Corp., Bema Gold Corporation, Andalex Resources Inc., Hecla Mines, Scorpio Mining Corporation and Gulf Minerals in both surface and underground operations producing precious metals, base metals, uranium and coal.

Casey Forward, Interim Chief Financial Officer - Forward is a professional accountant with over 23 years of experience and has been employed as an officer of several public companies involved in mining and business development.

Andrew Lee Smith, Advisor to the Board - Smith has over 20 years of experience in successfully exploring, developing and operating North American base and precious metal mining and gem projects. He has acted as Vice President of Exploration of Aurizon Mines Ltd. and co-founded True North Gems, a company exploring and developing the first significant emerald and sapphire deposits in the Yukon.

Engelsman welcomes the new management team and reports: "This is a very exciting time for Harmony. The addition of these gentlemen, with their combined experience and expertise, will provide the management team with invaluable advice, guidance and support."

Looking Forward
Engelsman has his team in place, a healthy stake in a promising property and an ambition that hints heavily at future success. Although production isn’t anticipated for at least 15 months, I suspect we’ll be hearing a lot more from Harmony Gold in the near future.

“Harmony is built primarily to be an aggressive producer – acquire mergers, acquisitions, keep growing, keep raising money, keep bringing people to the table and create that story that no one really wants to stop watching, and that’s what I think we’ll do.”

Follow Harmony’s progress at www.harmonygoldcorp.com.

[pisa]

wenn ich den letzten Quartalsbereicht (q ends feb 28) richtig lese ist fmm faktisch pleite. Schade eigentlich da die leases vielversprechend scheinen. Nur wurde offensichtlich massivst s/h money verbrannt in den letzten Jahren...

Frage somit, und bezieht sich genauso auf den JV partner harmony, wann kommt das nächste cap raising zu welchen Konditionen?

Pebble South klingt interessant... Andererseits.. Pebble selbst hat schon galaktische Resourcen... Braucht es noch mehr in der Gegend oder liegt der Fokus vielmahr auf rampup der production der mega deposits?

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 39.441.905 von pisa am 02.05.10 23:07:56

ich beziehe mich auf diesen 1/4ly
http://www.megafileupload.com/en/file/225106/fmm-feb28-finan…

Enjoy,
Pisa

[praesens]

Sag mal Pisa, der Link, den Du eingestellt hast - um über diesen an das Dokument zu kommen, der ist doch kostenpflichtig ...?!!

[praesens]

Antwort auf Beitrag Nr.: 39.441.905 von pisa am 02.05.10 23:07:56

Hallo pisa,

ich bin dann doch lieber direkt über Sedar rein, um mir das nochmal anzuschauen.
Harmony Gold hat am 23. oder 24.Februar das PP abgeschlossen über knapp 5 Mio Can$.
Daraus werden (wurden) die u.a. vereinbarten 2 Mio Can$ cash an Full Metal gezahlt.
Die sind somit noch nicht in Full Metals quarterly vom 28.02. berücksichtigt.
Erscheinen aber sehr wohl unter dem Zusatz "(received)" im Fließtext (S. 21 der financial statements).
Somit sollte FFm also NICHT pleite sein ...

Zu Pebble South:
Es wird ein JV-Partner zur Exploration in 2010 gesucht ...
Der muß natürlich erstmal gefunden werden.
Und warum soll die property nur deshalb nicht exploriert und Richtung Produktion entwickelt werden, nur weil nebenan sehr erfolgreich exploriert und produziert wird ? Das erschließt sich mir nicht..
Klassischer area play. Warum bohrt Extract Rössing South. Ist Rössing nicht groß genug ...?

Gruß, praesens

[praesens]

Antwort auf Beitrag Nr.: 39.441.947 von pisa am 02.05.10 23:27:17

Wie sich daraus ergibt, auch zu Deiner Frage bezüglich Kapitalisierung von Harmony, sind beide Harmony und FFM, gut mit cash versorgt.

Übrigens, einer Deiner Threads stellt ab auf ein, ich glaube "Spitzen Managementteam", ... Copper One ?
Hast Du Dir unter diesem Aspekt mal das Management von Harmony angeschaut ...?

Prinzipiell finde ich hier eine zweigleisige Investition interessant - Full Metal UND Harmony.

[praesens]

Antwort auf Beitrag Nr.: 39.443.266 von praesens am 03.05.10 10:41:18

Wie kam ich eigentlich darauf, der Copper One Thread sei von pisa ... egal, vergiß es einfach ...
Das Harmony Gold Management ist aber trotzdem nicht das schlechteste ...

[pisa]

Antwort auf Beitrag Nr.: 39.443.194 von praesens am 03.05.10 10:33:14

Hallo praesens,
danke für Deine Antworten.
Dieser doc host sollte kostenfrei sein, muss man wohl etwas runter scrollen, aber egal, hast es ja auch so gefunden.

Das mit den 2 mio kan sein, ändert aber nichts daran das FMM kurzrisitg Geld benötigt wenn Sie auf Ihren aussichtsreichen leases was erbohren wollen. Ok wenn die heweils ein SPP mit pro rata Zuteilung machen solls mir recht sein, aber die dilutenden PP's zu Vorzugskonditionen tolerier ich nicht.

Bei Pebble south habe ich nach wie vor Bendenken. Kannst nicht mit Rössing South vergleichen. Rössing arbeitet seit Jahrzehnten und die Erschöpfung der Mine war abzusehen, das es nun gerade jetzt eintritt ist natürlich schön für Extract und wertet Rössing South mächtig auf. Das riesige Pebble desposit muss erst noch in Produktion gehen. Daher bin ich mir nicht sicher was eine discovery von ein paar Mio oz Gold gleich neben Pebble für einen Wert hätte. Versteh micht nicht falsch, ich würde hier nicth schreiben wenn FMM mich nicht interessieren würde.

Bei Harmony sehe ich massive dilution am Horizont, da würde ich wahrscheinlich FMM vorziehen (die haben ja vergangene shareholder massivst verbrannt und müssen sich was Neues bzgl. Finanzierung ausdenkne). Grund ist hier das Harmony klar kommuniziert hat das Sie in erster Linie equity financing machen wollen (und sie braucehn viel Geld um die Produktion zu rampen) und durch M&A wachsen werden. Riecht mir sehr nach massivst dilution. Management team sieht gut aus. Habe aber die Erfahrung gemacht das es auch viele MT's gibt die nicht im Sinne der Investoren handeln sprich equity financing auf eine minimum reduzieren wollen.


Enjoy,
pisa

[praesens]

Antwort auf Beitrag Nr.: 39.448.918 von pisa am 04.05.10 00:00:42

Hallo pisa,

kein Problem, wenn Du FFM und/oder Harmony kritisch siehst. Ich bin ja mit den Werten nicht verheiratet, und in einer Diskussion können meistens beide Seiten etwas dazu lernen. Was allerdings leider von den Meisten anders gesehen wird ...

Für Lucky Shot sind 12 - 15 Mio veranschlagt, um es in Produktion zu bringen. Das ist wirklich eine vergleichsweise sehr kleine Summe. Natürlich muß das Geld aufgebracht werden, was die Gefahr der dilution beinhaltet.
Aber diese Gefahr haben wir doch bei allen unseren Explorer-Werten.
Abgesehen davon, wer weiß, vielleicht gibt es auch einen Anteil Fremdfinanzierung. Die 12 - 15 Mio sehe ich also wirklich nicht als Problem an, da es wie gesagt eine relativ geringe Summe ist, mit der dann anschließend aber auch cash-flow generiert wird.
Es geht hier nicht um Kosten für ein großangelegtes Bohrprogramm, oder für eine PFS oder FS oder BFS oder was auch immer - nein, am Ende steht ein Einkommen.

FFM hat in den vergangenen Jahren wenn ich jetzt nicht falsch liege runde 22 Mio !! in Lucky Shot verbohrt, netter ausgedrückt, investiert.
Das sind natürlich bei Aktienkursen im Cent-Bereich einige viele Aktien, die da ausgegeben werden mußten. Stichwort dilution, oder wie Du sagst "verbrannt". Aber:
Sie haben es geschafft, und zusammen mit den noch zu investierenden Mios, liegen wir bei 34 - 37 Mio Investition - und am Ende steht eine produzierende Mine. Weil Infrastruktur etc. soweit bereits vorhanden ist.
Das ist doch nicht schlecht.

Viele Explorer haben ebenfalls eine hohe ausgegebene Anzahl an Aktien, und stehen aber NICHT 1 Jahr vor Produktion. Sondern haben mit Glück mal gerade eine FS. Und müssen dann ja auch zusehen, wie sie, nach den Millionen die sie verbohrt haben, noch an die Millionen - und das sind i.d.R. mehr als die 12 - 15 Mio bei FFM - rankommen, um die Mine aufzubauen.

Harmony übrigens hat ca. 30 Mio ausstehende Aktien. Das ist wirklich ein sehr guter Wert. Und verdienen in 1 Jahr mit 60 % Anteil an Lucky Shot bereits Geld. Klar, dilution wird es hier auch geben. Das sehe ich aber mehr als "Tagesgeschäft" an. Natürlich ist dann irgendwo mal eine Schmerzgrenze erreicht.
Sagt Dir der Wert "Dia Bras" etwas ? Sehr interessant, tolle properties, aber, wenn ich nicht irre, ca. 300 Mio Aktien ...

[praesens]

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Full Metal Minerals Ltd. (TSX VENTURE:FMM) ("Full Metal" or the "Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. ("Canaccord Genuity", or, the "Agent") to sell up to 20,000,000 units (the "Units"), on a private placement basis, at a price of
.20 per unit for gross proceeds of up to $4,000,000 (the "Offering"). A Unit will consist of one common share and one-half of one common share purchase warrant (a "Warrant"). Each whole warrant will entitle the holder to subscribe for one additional common share at a price of
.28 for a period of 24 months from the date of closing. Completion of the private placement will be subject to usual conditions, including satisfactory due diligence and regulatory approval, including acceptance of the TSX Venture Exchange.

As consideration for acting as Agent, Canaccord Genuity will be paid a commission of 7% of the total proceeds raised upon closing and issued agents' warrants ("Agents' Warrants") equal to 8% of the Units issued pursuant to this Offering. Each Agents' Warrant will be exercisable to acquire one common share at
.25 expiring 24 months after the closing date.

The Company has also granted the Agent an over-allotment option to increase the Offering by up to $1,000,000, exercisable 48 hours prior to closing.

The Company intends to use the net proceeds from the offering to advance the Company's exploration properties and for general working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS
"Michael Williams"

Michael Williams
President and Director
...

[pisa]

Antwort auf Beitrag Nr.: 39.524.964 von praesens am 14.05.10 23:25:29

Hi praesens,
Das mit den 2 mio kann sein, ändert aber nichts daran das FMM kurzfrisitg Geld benötigt wenn Sie auf Ihren aussichtsreichen leases was erbohren wollen. Ok wenn die heweils ein SPP mit pro rata Zuteilung machen solls mir recht sein, aber die dilutenden PP's zu Vorzugskonditionen tolerier ich nicht.

dem ist nix hinzuzufügen... Sie waren in der Vergangenheit imstande zum roundabout 10fachen shareprice Kapital aufzunehmen das ist nunmehr nicht möglich und erhöht mit jeder Massnahme die Aktienanzahl erheblichst.

Gut, jetzt kann man wahrscheinlich auch zu 0,20 an der tsx zum Zuge kommen, nur den warrant hat man dann nicht dazu bekommen.

Tja, was macht man nun? Zuckt jetzt erstmal nix bei mir über 0,17C$..

Enjoy,
Pisa

[praesens]

Antwort auf Beitrag Nr.: 39.529.587 von pisa am 17.05.10 00:46:28

6 Mio in der Kasse bei FFM,
6 Mio in der Kasse bei Harmony.
Macht 12 Mio zur weiteren Entwicklung der Mine.
Zurücklehnen und zuschauen ...
Ob investiert oder nicht. Interessant ist´s allemal.

[praesens]

So, habe heute nachmittag in Can auch mal bei FFMs jv-partner Harmony zugeschlagen ...

Wenn´s interessiert, hier die homepage:
http://www.harmonygoldcorp.com/s/Home.asp

Hauptgrund zum Einstieg ist für mich das Management !!

[praesens]

Full Metal Commences Drilling at the High Grade LWM Deposit and on the Recently Discovered Silver-Rich Targets at the Fortymile Project, Alaska

VANCOUVER, BRITISH COLUMBIA, Jun 02, 2010 (MARKETWIRE via COMTEX News Network) --

Full Metal Minerals Ltd. (TSX VENTURE: FMM) is pleased to announce that drilling has commenced at the Fortymile Silver, Zinc, Lead, Copper Project in east-central Alaska.

Full Metal has scheduled 5,000 meters of drilling using two core rigs targeting high-grade CRD (carbonate replacement deposits). The Company will perform step-out drilling at the high-grade LWM deposit, as well as test new silver rich occurrences and prospects on the Property.

Previous drill results from LWM included 44.6 meters averaging 15.9% Zn, 5.3% Pb and 76.6 g/t Ag, 15.6 meters averaging 21.2% Zn, 8.7% Pb, and 127.0 g/t Ag, and 6.48 meters averaging 464.2 g/t Ag, 31.6% Zn, 11.3% Pb and 1.41% Cu (see FMM NR#17 dated July 30th 2007). Drilling to-date has encountered massive sphalerite/galena/chalcopyrite mineralization over 700 meters of strike length, and in excess of 250 meters below surface. LWM remains open for expansion in all directions.

Previous drilling on the northeast side of LWM was hindered by frozen overburden; however, a larger drill will be used to continue to test the deposit in this direction. Complete results from previous drilling and a drill hole location map can be viewed at www.fullmetalminerals.com.

The LWM and Fish (see FMM 2007-NR #21) Deposits and the Oscar, Eva, West Eva, and Falcon prospects occur within an extensive area of CRD-style mineralization, the majority of which have never been drill tested.

Full Metal has identified several priority silver-rich CRD prospects on the Fortymile property. The Falcon prospect is a newly identified silver-rich structure discovered during 2009. Mineralization has been traced along the structure for 800 meters along strike. Select grab samples from Falcon returned 2,370, 1,355, 918, 583 and 264 g/t Ag. A total of 52 rock samples were collected at Falcon, and averaged 115.8 g/t Ag along with significant Cu, Zn and Pb credits. At the Eva prospect (see FMM #19NR August 13, 2007) from 14 mineralized rock samples of CRD style mineralization averaged 957 g/t Ag, 23.6 % Zn, 12.6% Pb, and 0.9% Cu. A 2,500 meter by 1,000 meter soil anomaly will be targeted at the West Eva prospect. Lead in soil values from 2009 sampling range from 8 to 2,860 ppm, averaging 85 ppm, with silver ranging from 0.1 to 75.4 ppm, averaging 1.2 ppm. Reconnaissance drilling will be completed these on new targets following additional soil sampling and mechanical trenching.

Full Metal has options to earn numerous 100% leasehold interests within 117,638 acres of lands selected by Doyon, Limited, an Alaska Native Regional Corporation (See FMM 2006 NR #9, Dated May 23, 2006).

Full Metal's 2010 exploration program is managed by Robert McLeod, P.Geo, Vice-President Exploration for Full Metal Minerals and a Qualified Persons as defined by NI 43-101. Drill cores will be cut in half using a diamond saw, with one-half placed in sealed bags, and delivered to ALS-Chemex Labs facility in Fairbanks, Alaska. A sample quality control/quality assurance program using standards and blanks will be implemented. Mr. McLeod prepared and approved the information contained in this release.
...

[praesens]

... dem Markt scheints zu gefallen - aktuell + 14 % ...

[Popeye82]

Antwort auf Beitrag Nr.: 39.534.558 von praesens am 17.05.10 19:45:31

hier ist noch etwas zu H.V:
http://miningmarketwatch.net/h.htm

Gruß
Popeye

[praesens]

... und hier noch was VON Harmony:


Harmony to revise Coleman resource estimate

2010-06-21 15:28 ET - News Release

Mr. Craig Engelsman reports:

HARMONY GOLD CORP. ANNOUNCES PROGRESS ON THE LUCKY SHOT PROJECT IN ALASKA

Vancouver, BC, June 21, 2010 -- Harmony Gold Corp. (the "Company") announces that it has just completed preliminary deposit modeling on the Coleman gold deposit near the Lucky Shot gold mine. The modeling takes into account infill drilling conducted in 2009 that confirmed the continuity of high grade gold mineralization in the Coleman deposit over a strike length of 240 meters and a down dip extent of 210 meters. Since 2005 and to date 175 drill holes totaling 31,800 meters of surface drilling have been completed on the Coleman block. The Company is proceeding with mine planning, a construction and development schedule and cash flow models on the preliminary positive results from the modeling on the Coleman deposit. A metallurgical sample has been submitted to SGS Mineral Services of Vancouver BC.

The metallurgical testing plan is designed to meet the following objectives:


Engineering Objectives:
1. Provide a defendable determination of gold recovery from both gravity and flotation of the Coleman mineralization.
Provide operating parameters for the mill design and operation.
Environmental Objectives:
Provide data to estimate the tailings-water quality during mining and at the end of mine life.
Assess the chemical characteristics of the tailings including: ARD potential; and metals leaching potential.

The current objective is to finalize the permitting for the full mine, complete the design of the processing plant based upon the metallurgical testing, complete the construction started by Full Metal Minerals Ltd. in 2008, and subject to the results and interpretation of the metallurgical testing plan and the resource modeling, bring the Coleman deposit into production during the first half of 2011.

The Coleman deposit is the western "faulted off" extension of the Lucky Shot vein system. The vein system is part of the historic Willow Creek mining district. Gold was first discovered in the district in 1906 and the Lucky Shot mine was developed between 1924 and 1942. Over 650,000 ounces of gold has been produced from the district, the majority of the production was from gold bearing orogenic quartz veins averaging between 17 and 69 g/t Au. The Lucky Shot deposit was one of the three primary producers in the district producing 250,000 ounces of gold. These estimates are from historical records, do not meet NI 43-101 standards, and are included here for informational purposes only.

The Lucky Shot deposit and known "faulted off" extensions along strike in either direction have a combined strike length of 2.4km, and a demonstrated down-dip extent of 700 meters. Immediate exploration targets are: 1) Extensions of the Coleman mineralized zone to the west, 2) down-dip extensions below the historical Coleman workings, 3) down-dip extensions below the productive Lucky Shot Mine, 4) the Murphy Zone, which is believed to be the down-dropped eastern extension of the Lucky Shot vein.

Garth Kirkham, P.Geo., Principal of Kirkham Geosystems Ltd., has been engaged to prepare the revised resource estimate for the Coleman deposit. Revised figures should be available by early fall of 2010.

The Lucky Shot project has been managed by Mr. William Burnett, CPG of Yukuskokon Professional Services, LLC since February 2009. Mr. Burnett is a qualified person as defined by NI 43-101, and has prepared and approved the information contained in this release.

Craig Englesman adds that "the Company is very pleased with the developments at Lucky Shot and looks forward to a very productive year ahead."

HARMONY GOLD CORP.

Craig Michael Engelsman

President

[praesens]

Full Metal Stakes Extensive Land Package Targeting White Gold Style Systems in Eastern Alaska; Samples 52.2 g/t Au

VANCOUVER, BRITISH COLUMBIA, Jun 29, 2010 (MARKETWIRE via COMTEX News Network) --

Full Metal Minerals Ltd. (TSX VENTURE: FMM) is pleased to announce that the Company has acquired through staking, nine claim groups in the Fortymile mining district in eastern Alaska near the Yukon border, targeting the lode source to significant placer gold producing areas. This new gold exploration program is called the Rolling Thunder Project. This area totals over 34,000 hectares spanning a trend over 100 km in length.

Full Metal's management and geologic team were shared with Underworld Resources, which made a significant discovery at the White Gold Project in the Yukon. Underworld was acquired by Kinross Gold in the spring of 2010. The technical team utilized this experience and understanding of geologic controls, geochemistry and exploration targeting methods which was successful at White Gold to stake these new claims.

The Fortymile district in Alaska occurs within a mineral belt of Cretaceous age deposits, prospects, and placer gold mines trending from the Minto mine at the southeast end, and includes porphyry copper and epigenetic gold deposits and prospects such as Freegold Mountain (Northern Freegold), Casino (Western Copper), White Gold (Kinross) and Coffee (Kaminak). This mineral belt strikes to the northeast from the Yukon into Alaska, and includes Full Metal's Rolling Thunder claims, the Fortymile placer district, and Full Metal's high-grade Zn-Ag-Pb-Cu carbonate replacement deposits (see News Release FMM 2010 - NR #5, June 3rd 2010). Over 30 companies are actively exploring along this trend in the Yukon, with an ongoing staking rush up to the Yukon-Alaska border. Full Metal Minerals is the only company currently active in the Alaska section of this belt.

Exploration crews are currently completing reconnaissance soil sampling and mapping on the Properties, and have already identified multiple areas of strong alteration and quartz veining. At the 20X prospect, grab samples from oxidized quartz veins returned 5.5 and 4.0 g/t Au, with anomalous molybdenum and other pathfinder elements similar to the White Gold Property. Nine samples were collected at 20X, ranging from 0.014 to 5.5 g/t Au, averaging 1.53 g/t Au. At the Tweeden prospect, a grab sample from a one meter wide quartz vein trending onto Full Metal claims returned 52.2 g/t Au. Secondary structures splaying off of main structure assayed 1 to 2 g/t Au within sheeted quartz veins. Follow-up work has commenced on these new target areas.

Placer gold mining has been ongoing in the Fortymile district since discovery in 1886 with over 535,000 ounces of placer gold produced (from Szumigala et al, Alaska DGGS Report 2000). The area is underlain by the same host rocks, a similar tectonic history and intrusive rocks to the White Gold District.

Full Metal and BHP completed an extensive reconnaissance program in the southern portion of the target area during 2008, exploring four porphyry targets. In 2009, Full Metal regained a 100% ownership of these claim groups, after BHP completed extensive geochemical surveys and a large airborne magnetic survey. In addition to a proprietary geochemical data set owned by Full Metal from historic operators, the Company utilized this data in targeting several of the new claim groups.

Full Metal's 2010 exploration program at Rolling Thunder is managed by Robert McLeod, P.Geo, Vice-President Exploration for Full Metal Minerals and a Qualified Persons as defined by NI 43-101. Rock and soil samples are collected by experienced geologists, placed in sealed bags and delivered by Company employees to ALS-Chemex Labs facility in Fairbanks, Alaska. A sample quality control/quality assurance program using standards and blanks will be implemented. Mr. McLeod prepared and approved the information contained in this release.

Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. Drilling is underway at the high-grade Fortymile Zn-Ag-Pb-Cu project. Joint Venture partner Harmony Gold intends to begin underground development at the Lucky Shot Property. Full Metal will also drill test the 100% owned Grizzly Butte copper gold property. Work and drilling programs are also expected at several of Full Metal's Properties funded by Joint Venture Partners.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director

[praesens]

Full Metal closes $3.1 million equity financing

VANCOUVER, July 9 /CNW/ - Full Metal Minerals Ltd. (TSXV:FMM) ("Full Metal" or the "Company") is pleased to announce that it has closed the financing announced May 13, 2010. The Company has issued a total of 17,358,889 units at a price of $0.18 per unit for gross proceeds of $3,124,600. Each unit consists of one common share in the Company ("Share") and one half common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one common share of the Company at an exercise price of $0.25 until July 9, 2012.

Canaccord Genuity Corp. (the "Agent") received a cash commission of 6% of the proceeds, warrants ("Agent's Warrants") equal to 6% of the Units issued pursuant to this offering and 150,000 Units. A total of 1,041,533 Agent's Warrants were issued, each of which is exercisable to acquire one common share at $0.25 until July 9, 2012.

The Shares and any common shares issuable upon exercise of Warrants and Agent's Warrants are subject to a hold period and may not be traded until November 10, 2010 except as permitted by applicable securities legislation and the rules of the TSX Venture Exchange.

The Company intends to use the net proceeds from the offering to advance the Company's exploration properties and for general working capital purposes.

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Michael Williams"

Michael Williams

President and Director

[praesens]

Full Metal Announces Private Placement Financing

VANCOUVER, BRITISH COLUMBIA, Jul 13, 2010 (Marketwire via COMTEX News Network) --

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Full Metal Minerals Ltd. (TSX VENTURE:FMM) (the "Company") announces a non-brokered private placement, subject to regulatory approval, of up to 11,200,000 units at a price of $0.18 per unit.

Each unit will consist of one common share and one-half of one transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share exercisable for a period of two years following the closing of the private placement at a price of $0.25 per common share.

A finder's fee of 6% of the gross proceeds may be payable in cash or shares on a portion of the financing. The net proceeds from the financing will be used for exploration expenses on the Company's projects and for general working capital.

Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. Work during 2010 will include drilling programs at the 100%-owned Fortymile zinc-silver-lead Property, underground development with Harmony Gold at the Lucky Shot Property, as well as additional surface work and drilling programs at several of Full Metal's Properties funded by Joint Venture Partners.

...

[ooy]

Antwort auf Beitrag Nr.: 39.814.680 von praesens am 13.07.10 18:18:24

Mein Gott, die pflastern den Markt ja regelrecht mit Aktien zu, das eine PP gerade erst geschlossen und schon hauen die das Naechste raus, so wird das wohl nie was...

[praesens]

Nun gut, damit dürfte Full Metal so ca. 140 Mio shares ausgegeben haben.
Hat aber auch in kürzester Zeit ca. 12 Mio $ eingesammelt.
Und das immer zu Kursen knapp über dem akzuellen Börsenkurs und ganz offensichtlich ohne jegliche Probleme !

Die Kosten für die Inbetriebnahme der Mine werden auf rund 20 Mio $ geschätzt.

Wenn ich jetzt nicht irre, hat der JV-Partner Harmony 6 Mio in der Kasse.
Damit sind von den erforderlichen 20 Mio 18 Mio vorhanden !
Wir reden hier nicht von wildem herumbohren mit offenem Ausgang - wir reden von dem Bau einer Mine !
Mit Produktion in 2011.

Wieviele Explorer, die noch Jahre entfernt sind von einer Produktion, weisen ähnliche Aktienzahlen auf. Und: Bei Aufnahme einer Produktion sind +/- 140 Mio Aktien nicht unbedingt ungewöhnlich ...

Ein gewagter Vergleich, aber wieviele Aktien hat z.B. eine Noront bereits ausgegeben - ohne auch nur den Hauch einer vorhandenen Infrastruktur ...

[praesens]

Dazu noch eine news von gestern:


Harmony outlines Q3 objectives for Coleman deposit

HARMONY GOLD CORP. ANNOUNCES PROGRESS ON THE LUCKY SHOT PROJECT IN ALASKA

Vancouver, BC, June 18, 2010 - Harmony Gold Corp. (the "Company")announces that it continues working towards the objective of developingthe Lucky Shot Mine in 2011. The Company expects to reach the followingmilestones in Q3, 2010:

* Complete a 43-101 report on the resource estimate for the Coleman deposit.
* Complete all required environmental baseline studies for environmental permitting;
* Complete the engineering, design and reclamation plans for the final mine;
* Complete the metallurgical testing for environmental permitting and a more definitive gold recovery factor;
* With the results of the metallurgical testing finalize the mill design; at present the mill construction is 80% complete.
* Complete the electrical design work, prepare an air permit, and complete dispersion modeling of the emissions from the operation; and Submit the full mine permit applications.

[praesens]

Übrigens:
JV-Partner Harmony hat nur ca. 30 Mio Aktien ausgegeben.

[praesens]

Article from Proactive Investors . com
Wednesday, July 28, 2010
Harmony Gold Corp On Target For Lucky Shot Development In 2011
by Karl Loomescompany news image

This week, Harmony Gold Corp (TSX-V:H) has announced it is making good progress in its plans to bring the flagship Lucky Shot Mine into operation in 2011, and has set out which objectives it expects to meet in the third quarter of 2010. These include the completion of the design of the final mine, finalising the mill design, submitting full mine and environmental permits, as well as completing a NI 43-101 compliant resource estimate; and are in themselves evidence of the rapid progress being made by Harmony, and the potential for this high grade Alaskan gold property to move into production.

For some background, Harmony Gold Corp a Canadian based resource company, focused solely on their Lucky Shot Gold Mine Project in Alaska, and is in fact one of the newest companies to list on the TSX Venture Exchange. The company has a current market capitalisation of around C$12.2 million, with C$2.3 million available in cash and cash equivalents, and with around C$2.2 million in working capital. The past producing Lucky Shot Gold Property is the company’s primary asset, of which it holds a 60% interest (remaining 40% held by joint venture partner Full Metal Minerals), and consists of around 8,800 acres with 7 historically mined veins or fault systems.

The Luck Shot property is located in the Willow Creek Mining District, approximately 90 miles north of Anchorage, Alaska. The site benefits from excellent infrastructure, including road access from Anchorage, close proximity to rail and power lines, and has camp and maintenance facilities that are operated throughout the year. It is also worth noting that the underground nature of the mine, lends itself well to all year production, regardless of the Alaskan climate.

Historically producing mines in the district are considered some of the highest grade in the Northern Cordillera, with historical documentation (non NI 43-101 compliant) suggesting production reached a total of 650,000 ounces of gold, averaging a grade of 1 ounce per ton (31 grams per ton). Over the course of 2007, Harmony’s joint venture partner, Full Metal Minerals, completed over 50 diamond drill holes, aimed at determining the extent of the Lucky Shot Shear zone, testing three of the four known fault blocks. Intercepts from this drill program proved very promising in both extent and grade of mineral intercepts, and extended the know continuous gold mineralisation to over 2,400 meters along strike, and 700 metres down dip.

Highlighting some of these findings, the highest grade intercept was a massive 1,267 grams per ton (g/t) of gold, over 0.7 meters at a depth of around 133 meters. Some of the other significant findings were an intercept grading 179g/t of gold over 0.6 meters, an intercept grading 154g/t of gold over 0.4 meters and an intercept grading 134g/t of gold over 1.2 meters. The lowest intersect (not including those which encountered no mineralisation), graded 1.1g/t over 3.1 meters.

In this latest release, Harmony sets out very clearly the objectives it expects to reach in the coming quarter. The company intends to complete a NI 43-101 compliant resource estimate for the Coleman Deposit on the property, which has been the focus of the company’s efforts to bring the site into production.

Harmony intends to complete all required environmental baseline studies, as well as the metallurgical testing for environmental permitting. The electrical design work, data required for an air permit, and complete dispersion modelling of the emissions from the operation, are all set to be completed in the third quarter. The metallurgical testing should also provide a more definitive gold recovery factor, and on the back of this, Harmony will also be finalising the mill design (currently construction is 80% complete) in Q3. In addition, the company will be completing the engineering, design and reclamation plans for the final mine, intending to submit the full mine permit applications also within the quarter.

Going forward, Harmony intend to bring the Lucky Shot Mine into production next year, following which the company then intends to increase exploration, consisting primarily of drilling and defining extensions of the Coleman vein, as well as other veins and exploration targets on the property. This rapid progression and some of the high grade potentials seen at the site, leave one with the impression that Harmony Gold Corp is a company definitely worth keeping an eye on over the next 12 months.

[ooy]

Antwort auf Beitrag Nr.: 39.908.031 von praesens am 31.07.10 16:30:43

Was wuerdest Du denn gegebenenfalls kaufen, Harmony oder Full Metal?
Habe beide bisher nur auf der Watch...

[ooy]

Antwort auf Beitrag Nr.: 39.908.031 von praesens am 31.07.10 16:30:43

...und gibts denn einen Thread zu Harmony?
Ist ja ganz schoen gefallen das Teil...

[praesens]

Antwort auf Beitrag Nr.: 39.908.123 von ooy am 31.07.10 17:11:27

Hallo ooy !

Harmony kam ganz schön runter, das stimmt.
War in der Spitze glaube ich schon über 40 Cent.

Also ich habe beide Werte im Portfolio.

Aufgrund der weitaus geringeren Zahl an ausgegebenen Aktien
und des höheren jv-Anteils (60 % Harmony / 40 % Full Metal)
erscheint rein zahlentechnisch Harmony wohl interessanter.

Die größere Expertise im Vorstand haben Sie auch.
Und wer weiß, was nach Coleman vielleicht noch an anderen Vorhaben anstehen KÖNNTE ...

Aber, wie immer, es kann auch Alles ganz anders kommen ...


Gruß, praesens

[praesens]

Antwort auf Beitrag Nr.: 39.908.123 von ooy am 31.07.10 17:11:27

... einen eigenen Thread gibt es zu Harmony übrigens meines Wissens nicht.
Ich hatte überlegt Einen zu eröffnen, aber die Story ist denke ich auch hier ganz gut untergebracht, da sie die gleiche, um nicht zusagen dieselbe ist, wie die von Full Metal.
Sollte sich Harmony zu einem echten Erfolgsmodell entwickeln, könnte man das dann ja nochmal angehen.

Gruß, praesens

[ooy]

Antwort auf Beitrag Nr.: 39.908.189 von praesens am 31.07.10 17:42:21

Ja, ich denke mal auf diesem Niveau werde ich mal eine Anfangsposition eingehen, hatte heute ein wenig Zeit fuer etwas Research, die Werte sehen ja ganz gut aus, muessen aber erst noch N-43-101 konform werden. Warum kaufen eigentlich die Insider jetzt nicht, haben sie doch zu hoeheren Kursen auch getan...

Ausserdem stoert mich diese Aussage:

"Harmony Gold and its JV partner Full Metal Minerals have focused on bringing the road accessible Coleman deposit into production since 2005"

In fuenf Jahren haben die nicht mal eine 43-101 zustande gebracht, an was liegt das denn?

Apr 05/10 Mar 31/10 Engelsman, Craig Michael Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.385
Mar 31/10 Mar 31/10 Engelsman, Craig Michael Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.395
Mar 31/10 Mar 31/10 Engelsman, Craig Michael Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.390
Mar 19/10 Mar 16/10 Staude, John-Mark Gardner Direct Ownership Warrants 00 - Opening Balance-Initial SEDI Report
Mar 19/10 Mar 16/10 Staude, John-Mark Gardner Direct Ownership Common Shares 00 - Opening Balance-Initial SEDI Report
Mar 04/10 Feb 22/10 Engelsman, Craig Michael Direct Ownership Warrants 53 - Grant of warrants 100,000
Mar 04/10 Feb 22/10 Engelsman, Craig Michael Direct Ownership Common Shares 16 - Acquisition under a prospectus exemption 200,000 $0.350
Feb 23/10 Feb 22/10 Engelsman, Craig Michael Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.400
Feb 18/10 Feb 18/10 Engelsman, Craig Michael Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.470
Feb 16/10 Jan 29/09 Lion Energy Corp. Direct Ownership Common Shares 35 - Stock dividend -29,300,000

[praesens]

Antwort auf Beitrag Nr.: 39.908.214 von ooy am 31.07.10 17:55:05

"Harmony Gold and its JV partner Full Metal Minerals have focused on bringing the road accessible Coleman deposit into production since 2005"

Das betrifft eher Full Metal, da Harmony erst seit einigen Monaten gelistet ist.

Warum nicht schon ein 43-101 besteht habe ich mich auch schon gefragt. Und habe ehrlich gesagt keine Ahnung ...

[ooy]

Antwort auf Beitrag Nr.: 39.908.539 von praesens am 31.07.10 22:10:39

Ohne ein 43-101 kauft man halt eine Black Box, daher wohl auch die am Boden liegenden Kurse, daher hoechstens eine kleine Anfangsposition, um einen Fuss in der Tuer zu haben

[praesens]

Full Metal Commences Drilling at Grizzly Butte Copper-Gold Property, Alaska

VANCOUVER, BRITISH COLUMBIA, Aug 05, 2010 (MARKETWIRE via COMTEX News Network) --

Full Metal Minerals Ltd. (TSX VENTURE: FMM) (the "Company") is pleased to announce that the Company has commenced drilling at its 100% Grizzly-Butte copper-gold porphyry, located in south-central Alaska. A Phase exploration program will include a 1,000 meter drill program. To date no drilling has been completed at Grizzly Butte.

The 5,131 hectare Grizzly Butte copper-gold porphyry prospect is located in the Talkeetna Mountains, situated within 20 kilometers of a paved highway.

Drilling will target a 'horseshoe' shaped copper anomaly (greater than 280 ppm Cu) that measures 2,500 meters from east to west and up to 700 meters in north-south dimension. A high of 4,020 ppm Cu occurs within the widest portion of the anomaly, and is associated with an area of potassic alteration. In total, 350 soil samples were collected during 2010, with 17% returning in excess of 280 ppm Cu. A total of 190 rock chip samples were collected on the property, of which 26 assayed greater than 0.1% copper, with two greater than 1.0% copper. Complete copper and gold soil results are available on the company's website at www.fullmetalminerals.com.

Full Metal recently completed an IP-resistivity survey and an expanded soil grid over Grizzly Butte. The Property was last explored by Kennecott Exploration in the 1990's. Historical exploration of the area included programs by Cities Service and Bear Creek Mining in the 1970's. Recently completed geologic mapping has identified a potassic altered diorite intrusive unit, with classic phyllic altered halo. Disseminated copper and gold mineralization has been identified within the heart of the alteration zone, as well as within sediment replacement bodies.

IP-resistivity surveys were completed over 14 line km spanning four lines by Zonge Engineering. 200 meter Dipole-Dipole data was used. A coincident IP high (greater than 60 mrad) and resistivity high with a radius of 600 to 800 meters occurs within the heart of the soil anomaly, and potassic altered intrusive units.

The Grizzly Butte prospect lies within a belt of rocks assigned to the Triassic Amphitheatre Group of the Wrangellia terrane, consisting of basalt flows and minor interflow argillite, limestone, and tuff, commonly with gabbroic sills. These rocks are intruded by a 1.2 square kilometer mapped area of various phases of K-feldspar altered diorite. Aeromagnetic data suggested this complex is much larger. A 1000 by 2000m NE-SW zone of strong potassic alteration is centered about diorite-syenite, and overprints the surrounding volcanic rocks. Copper mineralization occurs as disseminations, fracture fillings, and quartz-pyrite-chalcopyrite stockwork within magnetite/biotite-flooded rocks. One or more zones of sericite alteration are present within the potassic zone; higher grades of Cu mineralization may be associated with this alteration.

...

[praesens]

Full Metal Increases Non-Brokered Private Placement Financing

VANCOUVER, BRITISH COLUMBIA, Aug 5, 2010 (Marketwire via COMTEX News Network) --
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Full Metal Minerals Ltd. (TSX VENTURE:FMM) reports that the 11,200,000 unit non-brokered private placement announced on July 13, 2010 has been increased. The Company announces that it intends to complete up to 25,000,000 Units at $0.18 per Unit for total proceeds of up to $4,500,000.00.

Each unit will consist of one common share and one-half of one transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share, exercisable for a period of two years following the closing of the private placement, at a price of $0.25 per common share.

A finder's fee of 6% of the gross proceeds may be payable in cash or shares on a portion of the financing. The net proceeds from the financing will be used for exploration expenses on the Company's projects and for general working capital

...

[praesens]

Full Metal Options Pyramid Copper-Gold-Molybdenum Porphyry to Antofagasta; Drilling Underway

VANCOUVER, BRITISH COLUMBIA, Aug 10, 2010

Full Metal Minerals Ltd. (TSX VENTURE: FMM) ("Full Metal") is pleased to announce that it has entered into an Option agreement with Antofagasta Minerals S.A. ("Antofagasta Minerals") to explore the Pyramid Copper-Gold-Molybdenum porphyry project, located in southwest Alaska. An initial 2,000 meter core drilling program is underway.

Antofagasta Minerals can earn an initial 51% Interest ("First Option") by incurring US$6,000,000 in Expenditures during the first four years (US$1,500,000 first year) and pay Full Metal US$200,000 in cash (US$50,000 at the end of the first year). Antofagasta Minerals can then earn an additional 14% Interest for a total aggregate of 65% Interest ("Second Option") by preparing and delivering at its sole cost, a Scoping Study costing a minimum of US$4,000,000 in expenditure. Antofagasta Minerals can then earn an additional 15% Interest for a total aggregate of 80% Interest by funding at its sole cost ("Third Option") a Feasibility Study on the Project.

The 37,296 hectare Pyramid Porphyry Project lies along the southern margin of the Alaska Peninsula approximately eight kilometers from tidewater. It was discovered in 1974 by the Aleut-Quintana-Duval Joint Venture, who drilled 19 shallow holes in late 1975 (1,695 meters total), identifying a resource of 125 million tons of copper mineralization grading 0.403% copper and 0.025% molybdenum in a near-surface zone consisting largely of chalcocite-enriched rock. This resource is historical in nature, was completed prior to 2001 and NI 43-101 and should therefore not be relied upon. Gold content was not an exploration target in the initial exploration effort. More recent exploration by Battle Mountain Gold in the late 1980's identified associated gold values that have improved the potential of Pyramid. Recent work completed by former Joint Venture partner Metallica Resources significantly advanced the geologic understanding of the porphyry system at Pyramid.

The 2010 exploration program will consist of a 2,000 meter core drilling program, comprising five or six deep drill holes, targeting the potassic core of the porphyry system. Drilling in the 1970's avoided the potassic core, with the majority of drill holes less than 100 meters in length (maximum 168 meters). Full Metal Minerals welcomes Antofagasta Minerals' expertise in porphyry systems, as their technical team is world-renowned for their understanding of exploration and mining these types of deposits, primarily in Chile.

Aleut Agreement

On June 30, 2010, Full Metal amended the Exploration Agreement with Option to Lease to acquire 100% interest in mineral rights covering the Pyramid Project, with the Aleut Corporation signed on January 5, 2007. The Aleut Corporation is an Alaska Regional Native Corporation. The revised terms, which are set out in a new agreement, extends the original term length of the Exploration Agreement to December 31, 2016. Over the period, Full Metal will make cash payments totaling US$285,000 ($35,000 first year) over seven years, as well as annual Materials Payments of $20,000 per year. Additionally, Full Metal will incur annual exploration expenditures totaling US$4,500,000 ($300,000 first year).

At any time prior to December 31st, 2016, Full Metal may enter into a Mining Lease with the Aleut Corporation. Upon entry into the Mining Lease, Full Metal will make annual Advanced Royalty payments escalating from $25,000 in the first year, to $400,000 on the 16th anniversary and subsequent years. In the event of Full Metal delivering a Feasibility Study, Full Metal will transfer 500,000 of its own common shares to the Aleut Corporation, subject to approval from the TSX Venture Exchange. Upon commencement of Commercial Production, Full Metal will pay a Net Smelter Returns Royalty to the Aleut Corporation of 2.5% for all commodities except for gold and other precious metals. For Gold and other precious metals, Full Metal will pay a Net Smelter Return royalty according to the following schedule:


Price of Gold Production Royalty
------------------------------------------------------------
$300.00 or less 2.00% of Net Smelter Returns
$300.01 to $400.00 3.00% of Net Smelter Returns
$400.01 to $500.00 4.00% of Net Smelter Returns
$500.01 and above 5.00% of Net Smelter Returns

Shumagin Letter Agreement

On June 7, 2010, Full Metal and Shumagin Corporation, an Alaska Native Village Corporation, signed a letter outlining Terms of Agreement for a Mining Exploration Agreement and Option to Lease between the Companies. The letter outlining Terms includes annual cash payments totaling US$210,000 through December 31, 2016 (US$20,000 first year). The Shumagin Corporation and Full Metal will endeavor to complete a comprehensive agreement by the fall of 2010.

The letter outlining Terms includes an option to lease. At any time prior to December 31, 2016, Full Metal may enter into a Lease Agreement with Shumagin Corporation. Upon the Effective Date of the Lease and then on or before each annual anniversary during the Term of this Lease until there is Commercial Production, Full Metal shall pay to Shumagin Corporation an annual rental equal to ten percent (10%) of the Fair Market Value of the Lease Area. After Commercial Production has commenced, Full Metal will pay Shumagin Corporation an annual rental equal to ten percent (10%) of Commercial Production Fair Market Value of the Lease Area.

TDX Agreement

On July 15, 2010, Full Metal and TDX Pyramid LLC, an affiliate of an Alaska Native Village Corporation, signed an Exploration Agreement with Option to Lease covering surface lands at the Pyramid Property. This Agreement includes annual cash payments totaling US$180,000 over seven years (US$15,000 first year). At any time prior to December 31, 2016, Full Metal may enter into a Lease Agreement with TDX Pyramid LLC. Upon the Effective Date of the Lease and then on or before each annual anniversary during the Term of this Lease until there is Commercial Production, Full Metal shall pay to TDX Pyramid an annual rental equal to ten percent (10%) of the Fair Market Value of the Lease Area. After Commercial Production has commenced, Full Metal will pay TDX Pyramid an annual rental equal to ten percent (10%) of Commercial Production Fair Market Value of the Lease Area, provided, however, that in no event shall the annual rental ever be less than US$75,000.

In all Agreements between The Aleut Corporation, TDX Pyramid LLC, and Shumagin Corporation with Full Metal, there are various provisions for hiring preferences and contracting preferences with the Native Corporations, Native Corporations shareholders, and Native Corporation owned Companies.

The 2010 exploration program at Pyramid is supervised by John T. Galey, Jr, C.P.G., Consulting Geologist, and Robert McLeod, P.Geo., Vice-President Exploration of Full Metal Minerals. Both are Qualified Persons as defined by NI 43-101. Drill cores will be cut in half using a diamond saw, with one half placed in sealed bags, and delivered to ALS-Chemex facilities in Fairbanks, Alaska. A sample quality control/quality assurance program utilizing standards and blanks, as well as third-party check labs will be implemented. Contents of this release were prepared by and approved for release by Mr. McLeod.

Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. Work during 2010 includes drilling programs at the 100%-owned Fortymile zinc-silver-lead Property, underground development with Harmony Gold at the Lucky Shot Property, as well as additional surface work and drilling programs at several of Full Metal's Properties funded by Joint Venture Partners.

Antofagasta Minerals is a wholly-owned subsidiary and the mining division of Antofagasta plc ("Antofagasta") (ANTO.L). Antofagasta plc has three business divisions: Mining, Transport and Water. Antofagasta is one of the world's largest copper producers. Its activities are mainly concentrated in Chile where it owns and operates three copper mines with a total production of 442,500 thousand tonnes of copper and 7,800 tonnes of molybdenum in 2009. Antofagasta has recently commissioned a brownfield expansion at its Los Pelambres mine and a new mine development, Esperanza, is expected to enter into production at the end of 2010. Together, these are expected to increase group copper production to over 700,000 tonnes from 2011. A feasibility study is also in progress at Antucoya in Northern Chile. In Pakistan, a feasibility study is at its final stages at the Reko Diq joint venture. In the United States, the group recently signed a joint venture agreement to complete the exploration and begin a feasibility study for Nokomis, a copper and nickel project located in Minnesota. Antofagasta also has exploration programs in Africa, Europe and the Americas.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director

...

[praesens]

Harmony Gold Corp. Announces Option to Acquire Additional 20% Interest in Lucky Shot Project

VANCOUVER, BRITISH COLUMBIA, Aug 16, 2010 (MARKETWIRE via COMTEX News Network) --
Harmony Gold Corp. (the "Company") (TSX VENTURE: H) announces that it has, subject to regulatory approval, entered into a second amendment agreement (the "2nd Amendment Agreement") with Full Metals Minerals Inc. ("Full Metal") and Full Metal's wholly owned subsidiary, Full Metal Minerals (USA), Inc. (collectively, "Full Metals") to acquire an additional 20% interest in and to Full Metals' rights, obligations and benefits to the Lucky Shot Property, Alaska (the "Option") acquired by Full Metals pursuant to a mining lease between, Full Metal, Full Metal Minerals (USA), Inc. and Alaska Hardrock Inc. ("AHI").

Terms of the Option

In consideration for the Company's acquisition of the Option and in order to exercise the Option, the Company must: (A) make a US$250,000 cash payment to Full Metal on the closing of its next financing (the "Financing"); (B) make a US$250,000 cash payment to Full Metal on the first anniversary of the closing date of the Financing; Copyright issue 1,000,000 common shares of the Company to Full Metal on the Lucky Shot gold mine producing 200,000 ounces of gold; (D) issue 2,000,000 common shares of the Company to Full Metal on the Lucky Shot gold mine producing 500,000 ounces of gold; and (E) issue 3,000,000 common shares of the Company on the Lucky Shot gold mine producing 750,000 ounces of gold.

Mr. Craig Engelsman, President and CEO of Harmony stated: "We are very pleased to have completed negotiations with Full Metals to increase Harmony's potential percentage ownership in the Lucky Shot Project from 60% to 80%. Both parties recognized that the path to putting the Lucky Shot Project into production would be best served by Harmony having the opportunity to acquire a more significant interest in the Project, and believe that our shareholders will be best served by increasing our interest. We are progressing well with our development plans and look forward to working with AHI to aggressively move the Lucky Shot project forward."

A National Instrument 43-101 compliant technical report on the Lucky Shot Property has been prepared by Donald L. Stevens, Ph.D., P.Geo., and is filed on SEDAR at www.sedar.com

...

[praesens]

JV der Cat- und Rim-property:



SPARROW VENTURES CORP.

Suite 507, 700 West Pender Street

Vancouver, British Columbia, V6C 1G8

SPARROW VENTURES CORP. FILES FILING STATEMENT REGARDING

QUALIFYING TRANSACTION WITH FULL METAL MINERALS LTD.

Vancouver, British Columbia, August 16th, 2010, Sparrow Ventures Corp. (TSX-V: SPW.P) (the

“Company” or “Sparrow”) announces that the Filing Statement and Technical Report required by the

TSX Venture Exchange regarding its proposed qualifying transaction with Full Metal Minerals Ltd.

(“Full Metal”) have been filed and are available for viewing under the Company’s profile on SEDAR at

www.sedar.com.

Sparrow also advises that it plans to close the acquisition of the option to acquire a 60% interest in the Cat

and Rim properties from Full Metal on or about August 26, 2010. Completion of the transaction is

subject to a number of conditions including TSX Venture Exchange final approval. There is no assurance

that the transaction will be completed as proposed or at all.


ON BEHALF OF THE BOARD OF DIRECTORS OF

SPARROW VENTURES CORP.

“Marc Morin”

Marc Morin

President, Chief Executive Officer, Director

...

[praesens]

Sparrow Ventures closes QT acquisition, to resume trade

Sparrow Ventures Corp (C:SPW)
Shares Issued 13,490,500
Thursday August 26 2010 - News Release

Mr. Marc Morin reports

SPARROW VENTURES CORP. COMPLETES QUALIFYING TRANSACTION

Sparrow Ventures Corp. has completed its qualifying transaction pursuant to the policies of the TSX Venture Exchange by acquiring an option to acquire a 60-per-cent interest in the Cat and Rim properties located in the Yukon from Full Metal Minerals Ltd. Sparrow anticipates that its common shares will re-commence trading on the TSX-V on August 26, 2010. The Company's new trading symbol will be SPW. As a result of the completion of the Qualifying Transaction, the Company will cease to be a Capital Pool Company pursuant to the policies of the TSX-V, and will instead be classified as a Tier 2 Mining Exploration company.

Pursuant to the terms of the option agreement with Full Metal, the Company may exercise the Option by making aggregate cash payments to Full Metal of $150,000 over three years, issuing an aggregate of 400,000 common shares to Full Metal over three years and incurring an aggregate of $3,000,000 in exploration expenditures on the Properties over four years. In connection with the Company's receipt of the TSX-V's approval of the Qualifying Transaction, the Company will make an initial cash payment to Full Metal of $25,000 and will issue Full Metal 100,000 common shares of the Company, which will be subject to hold period expiring four months after issuance.

...

[praesens]

Ein Beitrag aus stockhouse mit (hoffentlich ) freundlicher Genehmigung von TriangleGeo:


Now why on earth would a CFO who made millions on a takeover story like Brett resources join the board
of lowly Skyline Gold? He must like the story! Duh! Now a lot of people join boards for the free ride on the options and hope that they can cash out a few bucks each year. They don't really put up their own money so going on the board often doesn't guarantee that they like the story. Ah but there's the rub. Matthews bought 500,000 shares in June of this year when he went on the board. Now he buys another 1,100,000 shares this month. Yeah, I think he likes it.
For me, I believe that where there is smoke there is fire. Matthews is just one of several knowledgeable mining executives that are slowly realizing that with 3 million ounces of gold in Bronson Slope and power coming to the area in the next 3 or so years that there should be a value now of at least $50 an ounce and likely a lot higher. It's only a matter of time before more of these execs come out into the open. $150 million value to start and only 130 million shares; you can do the math from here.
One final note. Most presidents of these little mining companies always just milk the salary/option game. Not here either. David Jensen has been an active buyer in the open market ever since he became president. Seller? Nope. Option exerciser and seller? Nope.
Me selling? Nope.

[praesens]

Zuerst eine Kopie meines Beitrags vom Februar zur Pebble South property -
im Anschluß die news von heute :


"Full Metals Pepple South project liegt südöstlich von NORTHERN DYNATSYs Pepple deposit. DIREKT daneben ...
Ebenfalls direkt daneben, nordwestlich, Full Metals Typ-deposit.

Pepple hat 54.000.000 Unzen Gold !!! Measured und indicated.
Sowie 36.900.000 Unzen Gold !!! inferred.
Außerdem Kupfer ohne Ende ...

Northern Dynasty hat bisher 180.000.000 $ in Pepple investiert !
Bis 2007.
Ab dann gab es eine Partnerschaft mit ANGLOAMERICAN, die weitere 250.000.000 $ investierten ...
Jetzt sollen in 2010 weitere 73.000.000 $ bis zur PFS investiert werden ...
Das nenne ich mal Zahlen ... Zwinkern

Nun, spannend, was das für den Nachbarn Full Metal vielleicht alles bedeuten könnte ..."



Hier die heutige news:


Full Metal Signs Option Agreement with Pebble Limited Partnership to Explore Pebble South Property, Alaska

VANCOUVER, BRITISH COLUMBIA, Sep 23, 2010 (MARKETWIRE via COMTEX News Network) --

Full Metal Minerals (TSX VENTURE: FMM) is pleased to announce that it has signed an Option Agreement, dated September 9, 2010, with Pebble Limited Partnership ("PLP"), a 50:50 partnership between a wholly-owned subsidiary of Anglo American plc and a wholly-owned affiliate of Northern Dynasty Minerals Ltd. pursuant to which PLP can an earn a 60% interest in Full Metal's 351 km(2) Pebble South Property.

The Pebble South Property is located in southwest Alaska and borders three sides of PLP's 100% owned claims that include the Pebble Deposit. Multiple drill targets have been identified through surface mapping, sampling and IP geophysics as well as previous diamond drilling. PLP and Full Metal recently completed a ZTEM airborne geophysical survey covering the Pebble South Property, and are currently reviewing the results. Prior to commencing drilling, the Companies will continue to consult with local people and organizations including the Lake and Peninsula Borough, Alaska Native Corporations and Tribal governments regarding the proposed exploration program.

PLP may earn a 60% interest in the Property by funding US$3.0 million in exploration expenditures over three years, in addition to the recently completed ZTEM survey funded by PLP. Additionally, PLP will make annual cash payments to Full Metal of US$50,000 per year for the duration of the earn-in period. PLP at its sole discretion may purchase claims outside of specified exclusion areas (the highest priority exploration areas), by paying Full Metal $25 per acre, with total acreage not to exceed 20,000 acres, following appropriate condemnation work. The Option Agreement is subject to PLP completing its due diligence review on or before October 11, 2010.

...

[praesens]

Die news kam gut an !

+ 4,5 cent = + 16 %.
Bei 900.000 Stücken.

Klar, damit entsteht ein 2. newsflow - neben Lucky Shot !

[praesens]

WAS ein Loch ! Das Erste von insg. 5, 4 stehen also noch aus:


Retransmission: Full Metal and Antofagasta Drill 388 Meters Averaging 0.32% Cu, 0.018% Mo, 0.067 g/t Au or 0.459% Cu Equivalent at Pyramid Porphyry Project, Alaska

VANCOUVER, BRITISH COLUMBIA, Sep 28, 2010 (MARKETWIRE via COMTEX News Network) --

Full Metal Minerals Ltd. (TSX VENTURE: FMM) ("Full Metal") is pleased to announce that assay results have been received for the first drill hole completed at the Pyramid Porphyry target, located in southwest Alaska.

Starting at surface, drill hole PY10-01 encountered copper and molybdenum mineralization throughout the entire 500 meter length of this initial drill hole. This hole was the first of five diamond drill holes totaling 1,668 meters completed on the property during the 2010 season. Results for the additional four holes are pending. All holes encountered chalcocite, chalcopyrite and molybdenite mineralization over long intervals, covering a 900 meter (east-west) by 750 meters (north-south) area. Copper mineralization has been traced on surface, and coupled with current and historic drilling over an approximate 2,000 meter by 1,000 meter area, and is open in all directions.

From bedrock to the end of the hole, PY10-01 encountered 467.57 meters averaging 0.272% Cu, 0.019% Mo and 0.058 g/t Au or 0.409% copper equivalent. Higher grade intervals returned up to 57.7 meters averaging 0.479% Cu, 0.018% Mo and 0.112 g/t Au or 0.653% copper equivalent. Of significance with PY10-01 and all holes drilled during 2010 encountered chalcocite and covellite supergene enrichment at depths ranging from 120 meters to 250 meters below surface. Mineralization in all drill holes starts at surface.


Cu
Hole-ID From (m) To (m) Length (m) Cu % Au (g/t) Mo % EQ%(i)
PY10-01 32.30 499.87 467.57 0.272 0.058 0.019 0.409
including 36.00 424.00 388.00 0.320 0.067 0.018 0.459
including 68.10 290.00 221.90 0.403 0.088 0.014 0.538
including 180.30 238.00 57.70 0.479 0.112 0.018 0.653
(i) Copper equivalent calculations use metal prices of US$2.00/lb for
copper, US$1000/oz for gold, and US$10/lb for molybdenum. The contained
copper represents estimated contained metal in the ground and has not
been adjusted for metallurgical recoveries. Adjustment factors to
account for differences in relative metallurgical recoveries for gold,
copper and molybdenum will depend upon the completion of definitive
metallurgical testing.
CuEQ % = ((Cu% x 22.04lbs x $2.00) + (Au g/t x 32.15($/g)) + (Mo % x 22.04
lbs x $10.00))/( 22.04 lbs x $2.00)

Multiple hydrothermal centers have been identified at Pyramid, within an oval-shaped 2,300 meter by 1,400 meter mapped extent of phyllic and potassic alteration zones. Classic vein styles are identified in the core with EDM, A, B, and D veins hosting mineralization. Copper mineralization with variable molybdenum occurs within multiple phases of porphyritic intrusive rocks as well as hornfelsed sediments. Quartz diorite porphyry and quartz feldspar porphyry intrusives make up the bulk of the igneous rock types and hosts; diorites are known for their gold bearing affinity. Drilled mineralization is open for expansion in all directions and at depth.

The 37,296 hectare Pyramid Porphyry Project lies along the southern margin of the Alaska Peninsula approximately eight kilometers from tidewater. The area was initially explored in 1974 by the Aleut-Quintana-Duval Joint Venture, who drilled 19 shallow holes (maximum 168 meters depth) in late 1975 (1,695 meters total). Gold content was not an exploration target in the initial exploration effort. More recent exploration by Battle Mountain Gold in the late 1980's identified associated gold values that have enhanced the potential of Pyramid.

The 2010 exploration program at Pyramid was funded by Antofagasta Minerals ("Antofagasta Minerals"), who are currently earning a 51% interest in the Property. Full Metal has an exploration agreement with Option to Lease a 100% interest in mineral rights from the Aleut Corporation, an Alaska Native Regional Corporation, and has been granted the surface rights from Shumagin and TDX Corporations, Alaska Native Village Corporations (see FMM News Release #8, July 9, 2010).

The 2010 exploration program at Pyramid was supervised by John T. Galey, Jr, C.P.G., Consulting Geologist, and Robert McLeod, P.Geo., Vice-President Exploration of Full Metal Minerals. Both are Qualified Persons as defined by NI 43-101. Drill cores were cut in half using a diamond saw, with one half placed in sealed bags, and delivered to ALS-Chemex facilities in Fairbanks, Alaska. A sample quality control/quality assurance program utilizing standards and blanks, as well as third-party check labs has been implemented. Contents of this release were prepared by and approved for release by Mr. McLeod.

Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. Work during 2010 includes drilling programs at the 100%-owned Fortymile zinc-silver-lead Property, underground development with Harmony Gold at the Lucky Shot Property, as well as additional surface work and drilling programs at several of Full Metal's Properties funded by Joint Venture Partners.

Antofagasta Minerals is a wholly-owned subsidiary and the mining division of Antofagasta plc ("Antofagasta") (ANTO.L). Antofagasta plc has three business divisions: Mining, Transport and Water. Antofagasta is one of the world's largest copper producers. Its activities are mainly concentrated in Chile where it owns and operates three copper mines with a total production of 442,500 thousand tonnes of copper and 7,800 tonnes of molybdenum in 2009. Antofagasta has recently commissioned a brownfield expansion at its Los Pelambres mine and a new mine development, Esperanza, is expected to enter into production at the end of 2010. Together, these are expected to increase group copper production to over 700,000 tonnes from 2011. A feasibility study is also in progress at Antucoya in Northern Chile. In Pakistan, a feasibility study has been completed at the Reko Diq joint venture. In the United States, the group recently signed a joint venture agreement to complete the exploration and begin a feasibility study for Nokomis, a copper and nickel project located in Minnesota. Antofagasta also has exploration programs in Africa, Europe, Australia, and the Americas.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams

President and Director

[praesens]

Full Metal Identifies Multiple New Gold Anomalies, Extending White Gold District Trend from Yukon into Alaska

VANCOUVER, BRITISH COLUMBIA, Sep 30, 2010 (MARKETWIRE via COMTEX News Network) --

Full Metal Minerals Ltd. (TSX VENTURE: FMM) is pleased to announce that the Company has received encouraging surface sampling results from multiple gold targets at the Rolling Thunder Project. Full Metal has expanded the land package to 589 km2, covering 16 different target areas, and initiated a follow-up sampling and mapping program.

Full Metal's management and geologic team were shared with Underworld Resources, which made a significant discovery at the White Gold Project in the Yukon. Underworld was acquired by Kinross Gold in the spring of 2010. The technical team utilized this experience and understanding of geologic controls, geochemistry and exploration targeting methods which was successful at White Gold to stake these new claims. During the 2010 season, 428 rock and 1,536 soil samples have been collected to-date, as well as some initial mechanical trenching. Many assays are still pending.

Highlights of the recent exploration include the identification of extensive anomalous gold mineralization in soil samples from the Pika Property. Two separate 100 to 250 meter wide, northeastern trending gold in soil anomalies (greater than 50 ppb Au) have been identified. Individual soil values range from trace to 1090 ppb Au, averaging 108 ppb Au. Strong silver values were also returned. The anomalies are 700 meters and 1,000 meters long separately, with the mineralizing system open for expansion to the north and east. Widespread silicification and high-potassium clay alteration suggest a high-sulphidation Au-Ag epithermal system at Pika. Sampling crews are currently expanding the soil grid at the property. Mineralization at Pika is strongly oxidized due to weathering, with local massive barite and gossan veins identified. Two subcrop samples of gossan assayed 0.30 g/t Au with 4,730 g/t Ag and 0.955 Au with 788 g/t Ag respectively.

A single reconnaissance line was completed a the McElfish prospect, where a single reconnaissance 'ridge and spur' soil line returned several anomalous samples, including an individual sampled that returned 7.16 g/t Au in soil. Follow-up mapping and sampling identified strongly silicified and gossanous altered rocks, with additional assays currently pending.

Reconnaissance work at the Willow property has identified a gold and silver bearing, silicified marble unit hosting gold and silver mineralization. Seven grab and chip samples that assayed over 1.0 g/t Au averaged 1.8 g/t Au and 28.0 g/t Ag, with samples up to 3.3 g/t Au and 98 g/t Ag. The majority of these samples, out of 118 rock occur within a 250 by 100 meter silicified and decalcified area of marble. Silicified marble units have been trace for over 3,000 meters. The target area is surrounded on all sides by active placer gold mines, and represents a sediment-hosted gold target.

Previously reported results (See FMM 2010 NR#10, June 29th 2010) include: the 20X prospect, grab samples from oxidized quartz veins returned 5.5 and 4.0 g/t Au, with anomalous molybdenum and other pathfinder elements similar to the White Gold Property. At the Tweeden prospect, a grab sample from a one meter wide quartz vein trending onto Full Metal claims returned 52.2 g/t Au. Secondary structures splaying off of main structure assayed 1-2 g/t Au on these sheeted structures.

The White Gold district in Alaska occurs within a mineral belt of Cretaceous age deposits, prospects, and placer gold mines trending from the Minto mine in the southwest, and includes porphyry copper and epigenetic gold deposits and prospects such as Freegold Mountain (Northern Freegold), Casino (Western Copper), White Gold (Kinross) and Coffee (Kaminak). This mineral belt strikes to the northeast from the Yukon into Alaska, and includes Full Metal's Rolling Thunder claims, the Fortymile placer district, and Full Metal's high-grade Zn-Ag-Pb-Cu carbonate replacement deposits (see News Release FMM 2010 - NR #5, June 3rd 2010). Over 30 companies are actively exploring along this trend in the Yukon, with an ongoing staking rush up to the Yukon-Alaska border. Full Metal Minerals is the only company that has been actively exploring the Alaska section of this belt during 2010.

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Aktuell übrigens + 78 % seit Threaderöffnung.

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Full Metal Minerals agreement for Pebble South


2010-10-05 17:33 ET - Property Agreement

The TSX Venture Exchange has accepted for filing an option agreement dated Sept. 9, 2010, with Pebble Limited Partnership (PLP), a 50-50 partnership between a wholly owned subsidiary of Anglo American PLC and a wholly owned affiliate of Northern Dynasty Minerals Ltd. pursuant to which PLP can an earn a 60-per-cent interest in Full Metal Minerals Ltd.'s Pebble South property.

PLP may earn a 60-per-cent interest in the property by financing $3.0-million (U.S.) in exploration expenditures over three years, in addition to the recently completed ZTEM survey financed by PLP. Additionally, PLP will make annual cash payments to Full Metal of $50,000 (U.S.) per year for the duration of the earn-in period. PLP at its sole discretion may purchase claims outside of specified exclusion areas (the highest-priority exploration areas), by paying Full Metal $25 per acre, with total acreage not to exceed 20,000 acres, following appropriate condemnation work. The option agreement is subject to PLP completing its due diligence review on or before Oct. 29, 2010.

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Nach dem jv-partner für Pebble South, siehe mein vorhergehendes posting, wird innerhalb von wenigen Tagen ein jv-partner auch für Tanacross gefunden, siehe untenstehende news !
Es geht voran - demnächst Aktivitäten auf 3 !! properties !
Zur Erinnerung : die 3. ist LUCKY SHOT !


Full Metal Options Tanacross Copper-Gold-Molydenum Porphyry Targets, Eastern Alaska to Georgetown Capital

VANCOUVER, BRITISH COLUMBIA, Oct 08, 2010 (MARKETWIRE via COMTEX News Network) --
Full Metal Minerals Ltd. (TSX VENTURE: FMM) is pleased to announce that, that it has entered into an agreement (the "Agreement") with Georgetown Capital Corp. (TSX VENTURE: GET.P), dated October 6, 2010 which grants Georgetown's Alaskan subsidiary an exclusive right to acquire a 60% undivided beneficial interest in the Tanacross copper-gold-molydenum porphyry targets, located in Eastern Alaska (the "Tanacross Property") (the "Proposed Transaction"). Upon Georgetown earning its 60% interest, the parties will form a joint venture whereby each party must proportionately contribute to future programs or be diluted to a net profits interest.

Georgetown is a "capital pool company" under the policies of the TSX Venture Exchange (the "Exchange") and the Proposed Transaction with Full Metal will constitute the Company's "Qualifying Transaction" in accordance with Exchange Policy 2.4. Upon completion of the Proposed Transaction, Georgetown expects to be listed as a Tier 2 Mining Issuer pursuant to the minimum listing requirements of the Exchange.

The Qualifying Transaction is not considered to be a Non-Arms Length Transaction under the policies of the Exchange; accordingly, approval of the Proposed Transaction by Georgetown's shareholders will not be required.

The Property

The 13,079 hectare Tanacross Property is comprised of multiple claim groups copper-gold-molybdenum porphyry systems in east-central Alaska. During 2007 to 2009, Full Metal and BHP jointly explored these targets using airborne geophysics, ground-based IP surveys, soil sampling grids and geological mapping. This work identified multiple drill targets that Georgetown and Full Metal will drill test during the 2011 season.

Terms of the Proposed Transaction

Pursuant to the Agreement, Full Metal will grant an exclusive option to earn a 60% undivided beneficial interest ("Interest") in the Property by incurring cumulative Expenditures of US$4,000,000, Georgetown issuing the common shares in its capital to Full Metal and by paying Full Metal the cash amounts as provided in the table below:

Cumulative Georgetown Share GeorgetownOn or Before Expenditures by Issuances Cash Payments---------------------------------------------------------------------------On signing $25,000TSXV Approval 50,000 $25,000October 1, 2011 US$500,000 150,000 $50,000October 1, 2012 US$1,000,000 250,000 $50,000October 1, 2013 US$2,000,000 250,000 $50,000October 1, 2014 US$4,000,000 $50,000
Georgetown may accelerate the above payments at anytime and thereby exercise the Option early. If approval is not obtained within 90 days of signing either party may thereupon terminate this.

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Nur? ein Gerücht !?
Ich weiß wirklich nicht, ob was dran ist oder nicht !

Es könnte sein, daß Harmony aus dem jv mit Full Metal auf deren Lucky Shot property aussteigen will.

Ich bin vorsichtshalber Freitag erst mal ausgestiegen.
Bis dato + 75 % mitgenommen.
Allemal besser als - 50 % oder mehr zu riskieren ...
Abwarten und Tee trinken ...

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Und wieder sehr schöne Bohrergebnisse im jv mit Antofagosta.
Hoffentlich nimmt der Markt die nicht ZU gut auf - ich stehe ja im Moment an der Seitenlinie ... ;-)


Full Metal and Antofagasta Minerals Drill 195 meters Averaging 0.63% Cu, 0.018% Mo, 0.141 g/t Au or 0.823% Cu Equivalent at Pyramid Porphyry Project, Alaska

VANCOUVER, BRITISH COLUMBIA, Oct 20, 2010 (MARKETWIRE via COMTEX News Network) --

Full Metal Minerals Ltd. (TSX VENTURE: FMM) ("Full Metal") is pleased to announce that additional assay results have been received from the 2010 drill program completed at the Pyramid Porphyry target, located in southwest Alaska. All holes encountered chalcocite, chalcopyrite and molybdenite mineralization over long intervals, starting at surface. The 2010 drill program covered a 900 meter (east-west) by 750 meters (north-south) area. Copper mineralization has been traced on surface, coupled with current and historic drilling over an approximate 2,000 meter by 1,000 meter area, and is open in all directions and to depth. Results are as follows:


Hole-ID From (m) To (m) Length (m) Cu % Au (g/t) Mo % Cu Eq. %
PY10-01 32.30 499.87 467.57 0.272 0.058 0.019 0.409
including 36.00 424.00 388.00 0.320 0.067 0.018 0.459
including 68.10 290.00 221.90 0.403 0.088 0.014 0.538
including 180.30 238.00 57.70 0.479 0.112 0.018 0.653
PY10-02 4.57 356.62 352.05 0.343 0.078 0.008 0.440
including 96.0 152.0 56.0 0.503 0.112 0.01 0.635
including 186.0 252.0 66.0 0.397 0.083 0.007 0.493
including 272.0 324.0 52.0 0.424 0.112 0.007 0.541
PY10-03 8.7 306.0 297.3 0.197 0.049 0.004 0.253
including 50.0 124.0 74.0 0.429 0.062 0.004 0.494
PY10-04 9.7 298.7 289.0 0.299 0.082 0.032 0.519
including 9.7 166 156.3 0.402 0.108 0.039 0.676
including 30.0 78.0 48.0 0.501 0.104 0.045 0.802
PY10-05 6.39 201.17 194.78 0.63 0.141 0.018 0.823
including 20.0 92.0 72.0 0.754 0.162 0.017 0.957
(i) Copper equivalent calculations use metal prices of US$2.00/lb for
copper, US$1000/oz for gold, and US$10/lb for molybdenum. The contained
copper represents estimated contained metal in the ground and has not
been adjusted for metallurgical recoveries. Adjustment factors to
account for differences in relative metallurgical recoveries for gold,
copper and molybdenum will depend upon the completion of definitive
metallurgical testing.
CuEQ % = ((Cu% x 22.04lbs x $2.00) + (Au g/t x 32.15($/g)) + (Mo % x 22.04
lbs x $10.00))/( 22.04 lbs x $2.00)

Drilling during 2010 tested a wide area of the Pyramid porphyry system totaling 1,668 meters in five HQ core holes. Holes PY10-04 and 05 were collared approximately 230 meters east of hole PY10-01 (see FMM 2010 NR #18, September 27, 2010), and were both terminated in copper-gold-molybdenum mineralization (greater than 0.4% Cu equiv.). Holes 4 and 5 were collared from the same set up, and drilled north-south in opposing directions. Results from these holes suggest a near-surface higher grade vector in the mineralization system, where PY10-05 encountered 72.0 meters averaging 0.75% Cu, 0.162 g/t Au and 0.017% Mo (0.957% Cu. Equiv), starting at 20.0 meters. PY10-04 encountered strong molydenite mineralization, in addition to chalcocite-chalcopyrite, intersecting 156.3 meters averaging 0.40% Cu, 0.108 g/t Au and 0.039% Mo (0.676% Cu equiv.).

PY10-02 was collared 700 meters south of PY10-01, and encountered copper sulphide mineralization (greater than 0.15% Cu) over the entire length of the hole. A higher grade zone of 56.0 meters averaging 0.50% Cu, 0.112 g/t Au and 0.01% Mo, with the entire length of hole from bedrock to the end of the hole, totaling 352.05 meters averaging of 0.34% Cu, 0.078 g/t Au and 0.008% Mo. PY10-03 was drilled to the south, 650 meters west of PY10-02, 1,050m southwest of PY10-05 and was the westernmost hole completed during 2010. Py10-03 encountered a higher-grade zone with 74.0 meters averaging 0.43% Cu, 0.062 g/t Au and 0.004% Mo.

Drilling results from 2010, coupled with historic drilling and surface mapping has outlined an extensive porphyry system at Pyramid, with the potential to host higher base and precious metal grades. Full Metal and Antofagasta are currently planning an aggressive follow-up program for the 2011 season.

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