Übernahme durch Rio Tinto ? - 500 Beiträge pro Seite

[Ad.Hoc]

Bald Übernahme durch Rio Tinto ? Absolutes Schnäppchen dieser Explorer !





BRC DiamondCore JV drills up to 68.2% Fe in Congo

2011-05-03 15:12 ET - News Release





Mr. Arnold Kondrat reports

BRC DIAMONDCORE REPORTS IRON ORE EXPLORATION RESULTS

BRC DiamondCore Ltd.'s joint venture with Rio Tinto Minerals Development Limited ("Rio Tinto") has discovered high grade haematite (a form of iron ore) in its exploration areas within Province Orientale, Democratic Republic of the Congo (the "DRC"). The drilling results for 1,032 metres of diamond drill holes, which are detailed below, revealed grades of 65.6% to 68.2% iron.

The Company owns 25% of the joint venture company that holds exploration permits which cover areas totalling approximately 4,550 square kilometres. Under the agreement with Rio Tinto, all iron ore exploration up to and including the completion of any feasibility study will be funded by Rio Tinto. The Company will not suffer any dilution during this period, such that the Company's 25% interest in the properties will be maintained during this period.

The exploration for iron ore is being carried out by Rio Tinto (or one of its affiliates) as operator. After the completion of any feasibility study, funding for the project is to be provided by Rio Tinto and BRC pro rata based on their respective interests in the joint venture company.

Initial geological research and exploration had indicated that the exploration permit areas, which hitherto had been largely unexplored using modern exploration methods, were highly prospective for the discovery of iron ore deposits. This assessment is supported by these initial results. First pass drilling has been completed on the Zatua 1 and 2 target areas with nine diamond drill holes totaling 1,032 metres. Six of these holes intercepted high grade haematite mineralization.

The target areas had been selected after a regional airborne magnetic survey had identified geophysical anomalies which subsequent ground follow up indicated to be associated with outcropping haematite mineralization. Mineralized intervals, where intercepted by a drill hole, range in thickness from 32 metres to 121 metres with both friable and massive textures being observed.

Analytical results have been received for the first six holes with values of 65.6%-68.2% Fe, 0.53%-2.99% Al2O3, 0.39%-2.4% SiO2 and 0.049%-0.969% P, with the elevated high phosphorous values appearing to be associated with recent weathering. Despite limited thicknesses in some of the holes, the results give encouragement that high grade haematite is present in the area.

Rio Tinto, as the operator, now intends to complete the helicopter supported reconnaissance over the remainder of the Bomokandi permit area beginning during May 2011.

Commenting on these results, Dr. Mike de Wit, President of BRC, said: "The results are encouraging and indicate that a significant iron ore project could potentially be developed in the area. The exploration programme by Rio Tinto, as operator, is continuing. We are very pleased to have Rio Tinto as our partner in the DRC for both our diamond and iron ore properties."

Qualified Person

Dr. Mike de Wit, President of the Company and a "qualified person" (as such term is defined in National Instrument 43-101), has reviewed the technical information in this press release.

We seek Safe Harbor.

[Ad.Hoc]

Kommt von 4,80 $ auf aktuell 0,12 $

[Ad.Hoc]

also 1$ / Aktie sollten doch drin sein aktuelle ca. 0,13 $!

[ultrawuffsn]

Antwort auf Beitrag Nr.: 41.447.560 von Ad.Hoc am 03.05.11 21:44:36

der chart hat immer recht.

[Ad.Hoc]

Zitat von ultrawuffsn: der chart hat immer recht.

ja natürlich!

[ooy]

Danke fuer dne Thread, bin gestern auch eingestiegen...
Habe uebrigens ZNR dazugemischt...

[Muesli2k]

Antwort auf Beitrag Nr.: 41.455.134 von ooy am 05.05.11 03:36:15

Und direkt noch ein Private Placement hinterher, hier ist gewaltig was im Busch!


BRC DIAMONDCORE ANNOUNCES FINANCING
Brc Diamondcore Ltd. (TSE:BCD)
Intraday Stock Chart
Heute : Thursday 5 May 2011


BRC DiamondCore Ltd. (the "Company") (TSX - BCD;
JSE - BCD) announces that it proposes to carry out a non-brokered
private placement of up to 7,500,000 units of the Company at a price of
Cdn$0.08 per unit for proceeds to the Company of up to Cdn$600,000.
Each such unit is to be comprised of one common share of the Company
and one warrant of the Company, with each such warrant entitling the
holder to purchase one common share of the Company at a price of
Cdn$0.11 for a period of three years. Closing of this financing (the
"Financing") is subject to receipt of all necessary approvals,
including the approval of the Toronto Stock Exchange.

The Company
intends to use the proceeds from the Financing for general corporate
purposes.
BRC DiamondCore Ltd. is an African-focused diamond explorer with
projects in the Democratic Republic of the Congo (the "DRC"). Led by a
management team with extensive experience in diamond exploration and
mine development, the Company works in a systematic and responsible
manner to discover, assess and develop diamond resources for the
benefit of its shareholders and local stakeholders.

Forward-Looking Information: Statements in this press release announcing the proposed Financing are forward-looking information within the meaning of applicable Canadian
securities laws. Forward-looking information is subject to a number of
risks and uncertainties that may cause the actual results of the
Company to differ materially from those discussed in the
forward-looking information, and even if such actual results are
realized or substantially realized, there can be no assurance that they
will have the expected consequences to, or effects on the Company.

Factors that could cause actual results or events to differ materially
from current expectations include, among other things, failure to
complete the proposed Financing, the need to satisfy regulatory and
legal requirements with respect to the proposed Financing, risks
related to the exploration stage of the Company's projects, political
developments in the DRC, market fluctuations in prices for securities
of exploration stage companies, uncertainties about the availability of
additional financing, changes in equity markets, changes in commodity markets, and the other risks involved in the mineral exploration business.

Forward-looking information speaks only as of the date on which it is provided and,
except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking
information, whether as a result of new information, future events or
results or otherwise. Although the Company believes that the
assumptions inherent in the forward-looking information are reasonable,
forward-looking information is not a guarantee of future performance
and accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/04/c9516.…

p please visit our website, a href="http://www.brc-diamondcore.com"www.brc-diamondcore.com/a, or contact:br/ iIn Toronto: /iArnold T. Kondrat, Director, [phone] or 1-800-714-7938.br/ iIn Johannesburg: /iBrian P. Scallan, Vice President, Finance, [phone] or [phone]. /p

[Muesli2k]

Fette Insiderkäufe letzte woche zu 0,13 ein weiteres gutes Zeichen!

Jun 15/11 Jun 15/11 Kondrat, Arnold T. Indirect Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.130
Jun 15/11 Jun 15/11 Kondrat, Arnold T. Indirect Ownership Common Shares 10 - Acquisition in the public market 150,000 $0.130
Jun 15/11 Jun 15/11 Kondrat, Arnold T. Indirect Ownership Common Shares 10 - Acquisition in the public market 190,000 $0.130
Jun 15/11 Jun 15/11 Kondrat, Arnold T. Indirect Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.125

[Muesli2k]

Läuft nun unter TSE: DRN

News vom Freitag:
ARNOLD T. KONDRAT - ACQUISITION OF SHARES
Brc Diamondcore Ltd. (TSE:BCD)
Historical Stock Chart
1 Monat : May 2011 bis June 2011


Arnold T. Kondrat announces that he has

acquired on the Toronto Stock Exchange an additional 984,500 common

shares (the "Purchased Shares") of BRC DiamondCore Ltd. (the "Company") at a price of Cdn$0.13 per share. The Purchased Shares represent

0.99% of the outstanding common shares of the Company. Taking into

account the acquisition of the Purchased Shares, Mr. Kondrat now owns

11,272,400 (or 11.34%) of the outstanding common shares of the

Company. He also holds 8,000,000 common share purchase warrants of the

Company and 450,000 stock options of the Company such that, assuming

the exercise of these warrants and stock options, he would hold on a

fully diluted basis, 19,722,400 (or 18.29%) of the outstanding common

shares of the Company.

Mr. Kondrat acquired the shares for investment purposes and may in the

future increase or decrease his ownership of securities of the Company

from time to time depending upon the business and prospects of the

Company and future market conditions.

Mr. Kondrat is a director of the Company. His address is Suite 7070, 1

First Canadian Place, 100 King Street West, Toronto, Ontario, M5X 1E3,

Canada.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/24/c9173…