Great Panther Silver Intersects High Grade Silver-Gold Mineralization and Discovers Two New Zones at Guanajuato Mine Complex

Great Panther Silver Limited

TSX : GPR
NYSE MKT : GPL

February 05, 2013 11:02 ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2013) - GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSE MKT:GPL) (or "the Company") is pleased to announce that underground drilling programs at the Company's wholly owned Guanajuato Mine Complex have been successful in intersecting high grade silver-gold mineralization in the historic Valenciana Mine area and discovering two new zones of silver-gold mineralization in the Guanajuatito Mine area.

The drilling at Valenciana included an intercept of 2,900g/t silver and 26.00g/t gold over 1.30 metres, while the two new discoveries at Guanajuatito are highlighted by intersections of 1,010g/t silver and 6.67g/t gold over 1.10 metres and 1,460g/t silver and 4.79/t gold over 1.15 metres. A brief update on drilling at the Cata and Rayas Mines, also within the Guanajuato Mine Complex, is provided below.
"These are significant results in that they demonstrate our ability to make new discoveries at Guanajuato while continuing to expand the size and extent of the known mineralized zones," stated Robert Archer, CEO of Great Panther Silver. "Furthermore, the Valenciana drilling indicates that there is still un-mined high grade silver-gold mineralization in this historic mine that is worthy of follow up."
Valenciana Mine
In the Valenciana Mine area, remnants of old stope walls and pillars intersected in drilling above the 390 metre level include 7.45 metres grading 275g/t silver and 2.47g/t gold in UGV12-039, 1.10 metres grading 299g/t silver and 3.66g/t gold in UGV12-050, and 1.30 metres grading 2,900g/t silver and 26.00g/t gold in UGV12-051.
Drilling below the 390 metre level has intersected new mineralization including 3.10 metres grading 624g/t silver and 4.59g/t gold in UGV12-012.
The pillars and hanging wall and footwall stope walls are being tested mainly from drill stations on a new footwall ramp connecting the 320 Cata level (southeast side of the Valenciana deposit) to the 245 Valenciana level (northwest side of the Valenciana deposit).
Drilling in 2013 will continue to test the old Valenciana Mine area that extends approximately 400 metres along strike and 280 metres on the dip (click here to view Valenciana longitudinal section).
Guanajuatito Mine
Drilling in the Guanajuatito area, in the northwest part of the Mine Complex, has intersected mineralization both to the northwest (GTTO NW), and to the southeast (GTTO SE) of the existing development, between the 100 and 245 metre levels. The GTTO NW zone is approximately 50 metres in strike length, 140 metres down the dip, and open to depth and upward. The GTTO SE zone is approximately 50 metres along strike, 70 metres down the dip, and open to depth.
Highlights of the drilling in the GTTO NW zone include 2.25 metres grading 380g/t silver and 1.28g/t gold in UGG12-057, and 1.10 metres grading 1,010g/t silver and 6.67g/t gold in UGG12-061 (within a wider interval grading 285g/t silver and 2.61g/t gold over 4.40 metres). Drilling in the GTTO SE zone was highlighted by an intercept of 1.15 metres grading 1,460g/t silver and 4.79/t gold in UGG12-070.
Current development in the Guanajuatito Mine is at the 245 metre level, and this has been connected to the old 245 metre level of the Valenciana Mine (click here to view Guanajuatito longitudinal section), which gives access to the northwest edge of the Valenciana silver-gold deposit. Initial mapping and sampling southeast of the GTTO SE zone, along the old 245 metre level, shows a similar style of structural control and mineralization such that other in-situ zones may be located towards Valenciana.
With the aforementioned footwall ramp at Valenciana connecting to the 320 metre level at Cata, ore from Guanajuatito can now be transported underground to the Cata shaft, thereby eliminating the need for truck hauling to surface and then on surface to the Cata mill. This underground haulage is faster, cheaper and reduces truck traffic through populated parts of the City of Guanajuato.
Highlights of Drilling from Valenciana and Guanajuatito Mine areas

Hole ID	From	To	Metres	True Width (m)	Ag g/t	Au g/t	Zone
Valenciana
UGV12-012	182.90	186.00	3.10	2.37	624	4.59	VM
UGV12-014	175.50	180.85	5.35	5.27	145	0.96	VM
UGV12-021	87.00	89.20	2.20	1.26	194	1.19	VM
UGV12-024	81.00	84.00	3.00	1.50	105	1.21	VM
UGV12-026	61.35	63.20	1.85	1.85	228	1.70	VM
UGV12-037	86.40	87.00	0.60	0.30	143	1.00	VM
UGV12-039	115.55	123.00	7.45	6.10	275	2.47	VM
UGV12-043	73.50	74.40	0.90	0.58	210	2.78	VM
UGV12-050	106.60	107.70	1.10	0.78	299	3.66	VM
UGV12-051	172.70	174.00	1.30	0.55	2,900	26.00	VM
Guanajuatito
UGG11-052	256.60	260.15	3.55	2.72	191	0.80	GTTO-FW
UGG11-054	223.85	225.80	1.95	1.60	466	1.47	NW-VM
UGG12-056	259.00	261.30	2.30	1.48	128	0.44	NW-VM
UGG12-057	222.90	225.15	2.25	1.84	380	1.28	NW-VM
UGG12-061	225.10	229.50	4.40	3.60	285	2.61	NW-VM
including	225.10	226.20	1.10	0.90	1,010	6.67	NW-VM
and	228.45	229.50	1.05	0.86	75	3.78	NW-VM
UGG12-062	227.30	228.40	1.10	0.84	153	0.33	NW-VM
UGG12-065	304.70	305.55	0.85	0.52	587	3.91	NW-VM
UGG12-069	229.20	231.00	1.80	1.69	145	0.57	SE-VM
UGG12-070	235.50	236.65	1.15	1.02	1,460	4.79	SE-VM
UGG12-081	269.30	270.90	1.60	1.07	172	0.47	NW-VM
UGG12-082	220.00	221.00	1.00	0.73	250	0.76	NW-VM
Cata
UGC12-043	85.40	88.25	2.85	2.18	318	0.40	VM
UGC12-043	93.05	95.15	2.10	1.61	303	0.00	VM

Cata Mine
At the Cata Mine, exploration drilling is ongoing following the Veta Madre and hanging wall zones to the northwest and to depth. Mine development has progressed down to the 520 metre level, with stoping on the 520 and 490 metre levels. A drill program started in the fourth quarter of 2012 has had positive results extending mineralization to the northwest between the 470 and 520 metre levels on the Veta Madre and Contact Vein, and nine associated structures. Highlights of the drilling in the Cata Mine include 2.85 metres grading 318g/t silver and 0.4g/t gold in UGC12-043.
In 2013, drilling will test the depth extent of this mineralization (click here to view Cata Mine, Veta Madre longitudinal section).
Rayas Mine
On the Santa Margarita Vein in the Rayas Mine, fill in drilling continues, as does ramping down past the 500 metre level. Mining is presently ongoing on the 454 and 475 metre levels. Further areas for exploration drilling along the Veta Madre at Rayas in 2013 will include San Cayetano, Los Pozos, San Telesforo, and Promontorio.
Robert F. Brown, P. Eng. and Vice President of Exploration for the Company is the Qualified Person for the Guanajuato Mine Complex, under the meaning of NI 43-101. A full QA/QC program is being followed including the regular insertion of splits, blanks, and standards into the core sampling sequence. Analysis of the drill core samples was conducted at the Guanajuato Mine on-site laboratory, independently operated by SGS.
ABOUT GREAT PANTHER
Great Panther Silver Limited is a profitable, primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE MKT trading under the symbol GPL. The Company's current activities are focused on the mining of precious metals from its two wholly-owned operating mines in Mexico, including the development stage San Ignacio Project. In addition, the Company is also pursuing acquisition opportunities throughout Latin America to add additional mines to its portfolio of properties. Great Panther's mission is to become a leading primary silver producer by acquiring, developing and profitably mining precious metals.
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include but are not limited to the Company's plans for production at its Guanajuato and Topia Mines in Mexico, exploring its other properties in Mexico, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Annual Report on Form 20-F for the year ended December 31, 2011 and reports on Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

Contact Information

Great Panther Silver Limited
Robert Archer
Chief Executive Officer
1-888-355-1766

Great Panther Silver Limited
Rhonda Bennetto
Vice President Corporate Communications
1-888-355-1766
info@greatpanther.com
www.greatpanther.com

Western Lithium Arranges US$20 Million Royalty Financing for Oilfield Drilling Additives Facility and Lithium Demonstration Plant

2 hours ago by Marketwire

Western Lithium USA Corporation ("Western Lithium", the "Company") (TSX: WLC)(OTCQX: WLCDF) is pleased to announce that it has entered into a Royalty Purchase Agreement with RK Mine Finance (Master) Fund II L.P. ("Red Kite") pursuant to which Red Kite has agreed to pay to Western Lithium up to US$20 million in consideration for the sale of a royalty on its Kings Valley Project, located in Nevada, USA.

An initial tranche of US$11 million will be funded concurrently with the closing of the royalty arrangement. A second tranche of US$9 million will be funded upon completion of the engineering and design of the lithium demonstration plant and once certain regulatory assurances have been received from the Bureau of Land Management with respect to the sale of by-products associated with lithium production, provided it occurs within three years following the date of the agreement. Closing of the royalty arrangement is expected to occur on or about February 6, 2013.

Western Lithium plans to use the initial funding tranche to construct a 10,000 ton per year process facility to produce Hectorite-based organoclay used in the oil and gas drilling industry. To make organoclay, the Company's Hectorite clay must be processed using an extruder and combined with several additives. Organoclay typically sells in a range of US$2,000 to $4,500 per short ton FOB shipping point, depending on performance. Engineering designs for a plant and negotiations for potential production locations are underway. Permitting of the Hectorite mine has commenced in Nevada and the Company is targeting to commence production and positive cash flow in early 2014 from the clay operation.

The Company has been producing pilot-scale samples of its products, which demonstrate thermal stability for application in high pressure high temperature (HPHT) drilling exploration environments. With the success of new directional drilling technology in recent years applied to shale gas and deep oil and gas drilling targets, the Company anticipates that there is a strong growth market for its thermally stable Hectorite products. 

Western Lithium's Hectorite clay is of high purity, which enables it to use a dry process to manufacture its products, that is expected to give the Company a cost advantage in the industry. A portion of the proceeds from the initial tranche will also be used to complete the design and engineering for a lithium demonstration plant.

The second tranche of funding is principally allocated towards the construction of a demonstration plant to test the viability of its lithium extraction process at a large scale. The Company released a pre-feasibility study in January 2012 (see news release dated January 27, 2012) that demonstrated competitive economics and a pre-tax net present project value of US$551 million at an 8% discount rate. Western Lithium believes that the next natural step is to work with an engineering technology group or strategic partner to further de-risk the process technology, in order to attract construction capital for the project.

Jay Chmelauskas, President and CEO of Western Lithium, commented: "Over the next year, we will focus our efforts on our specialty Hectorite drilling additive business with the expectation of generating positive cash flow for the Company in early 2014. In the longer term, we will construct a lithium demonstration plant to gain investment confidence with our project, and to realize the full potential of its asset value. We are positioning Red Kite and our shareholders and stakeholders to expected near term strong growth in the drilling industry and longer term strong growth in the lithium sector."
The royalty will be a gross royalty on all production from the Kings Valley Project. It will consist of a gross revenue royalty of 8% until the first and second funding tranches have been repaid. The royalty will then be reduced to 3.5% for the life of the project. Western Lithium will have the option at any time to reduce the royalty to 1.75% upon payment to Red Kite of US$20 million.

Western Lithium has agreed to pay a finder's fee to Haywood Capital Markets in respect of the transaction equal to 6% of the proceeds raised in both tranches. For the first tranche, the finder's fees will, subject to approval of the TSX, be paid as to US$429,000 in cash and US$231,000 in common shares issuable at the five day volume weighted average trading price of the common shares on the TSX for the five trading days immediately preceding the closing.

About Red Kite
Red Kite provides mining companies with project financing and metal off-take agreements for initiation or expansion of mine production and is part of the Red Kite group. Red Kite operates across the global metals industry from offices in Bermuda, Denver, Hong Kong, London, New York, Shanghai and Sydney. Investors in Red Kite funds include college endowments, foundations, family offices, pensions and other institutional investors.
Western Lithium is developing the Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable source of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/electric vehicles. The Company is also pursuing the opportunity to be a supplier of specialty hectorite clay drilling additives to the oil and gas industry, and in particular, to support the growth of deep directional drilling applications in high temperature and high pressure environments.
\
Cautionary Note Regarding Forward Looking Statements and Information: Certain disclosure in this release constitutes forward-looking statements and information. When used in this release, the words "will", "once", "provided", "plans", "targeting", "expected", "expectation", "anticipates", "believe" or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this release include, among others the completion of the Royalty Purchase Agreement, including both the first tranche funding and the second tranche funding, the Company's plans for and anticipated benefit from the construction of facitlities and development of hectorite based organoclay operations as well as the timing of commercial operations and positive cash flow, the results of design and engineering of lithium demonstration plant and the eventual construction of that plant. Such statements and information involve the application of certain factors and assumptions by the Company that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements and information. Such risk factors include, among others, that actual results of the Company's development activities will be different than those expected by management, that the Company will be unable to obtain or will experience delays in obtaining any required government approvals, that the Company will be unable to meet all conditions required for funding under the Royalty Purchase Agreement, the ability to procure required infrastructure, equipment and supplies in sufficient quantities and on a timely basis and the conditions of the markets generally. Readers are cautioned not to place undue reliance on forward-looking statements and information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise, except as required by law.
The TSX has neither approved nor disapproved of the contents of this press release. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

Contacts:
Western Lithium USA Corporation
Investor Relations
604-681-3071
604-681-3091 (FAX)
info@westernlithium.com
www.westernlithium.com

SOURCE: Western Lithium USA Corporation

mailto:info@westernlithium.com
http://www.westernlithium.com

Shotgun Ridge expansion becomes focus of TNR Gold Exploration

TNR Gold Corp (TSE-TNR)

Vancouver B.C.: TNR Gold Corp. (the "Company" or "TNR") expanded their land position at the wholly owned Shotgun Gold project in Alaska. A total of 66 mining claims, each 160 acres, were located over and surrounding the Shotgun Ridge prospect for a total of 10,560 acres (4273.48 hectares). Sixteen of these claims were converted from Traditional Claims to MTRSC Mining Claims (meridian, township, range, section and claim) making the area of new acquisitions equal to 8000 acres (3237.48 hectares).

TNR acquired 100% of the Shotgun Ridge prospect in 2010 following a 50/50 joint venture with Novagold Resources Inc. ("Novagold"). The Traditional Claims were located over the Shotgun Ridge deposit and the Company elected to convert these to MTRSC Mining Claims to simplify administration of the land titles in accordance with Senate Bill 175.

Ground geophysical surveys conducted in 2011 and 2012 by TNR helped to identify structural controls on mineralization at Shotgun Ridge. Drill testing in 2012 confirmed the structural model of mineralization with two drill holes returning mineralized intervals in excess of 200 metres, SR12-56 returned 242 metres averaging 1.25 g/t gold and SR12-57 returned 209 metres averaging 1.02 g/t gold (news release dated 10 October 2012).

  Extrapolating the known mineralized structures into the area surrounding Shotgun Ridge, the Company identified additional areas where similar mineralization may be present and as a result acquired the mineral rights to these adjacent targets. A portion of future exploration work will be conducted in these new areas  beginning by revisiting previously identified gold showings in respect of the new structural models.

The Company is targeting a large tonnage low-grade porphyry system at Shotgun Ridge. Structural repeats, as interpreted from airborne magnetic data and ground geophysical surveys, provide TNR with encouraging targets for future drill testing.

John Harrop, PGeo, FGS, a Qualified Person for TNR Gold Corp. as defined by NI 43-101 has reviewed the technical information contained in this report.

About TNR Gold Corp.

Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.

TNR's subsidiary, International Lithium Corp. (TSX:ILC.V), demonstrated the successful application of TNR's business model in which TNR shareholders benefited from a unit distribution upon spin-out of TNR's lithium and rare metals projects. Gangeng Lithium Co. Ltd. Is a leading China based, multi-product lithium manufacturer, and strategic partner and investor in ILC. TNR remains a large shareholder in ILC at 25.5% of outstanding shares.

At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina; and teamed with the recent acquisitions of rare-earth elements and iron ore projects in Canada confirm TNR's commitment to continued generation of in-demand projects, while diversifying its markets and building shareholder value.

For further details on the Shotgun Ridge Project please view the PowerPoint presentation at http://www.tnrgoldcorp.com/i/pdf/TNR_Shotgun.pdf


On behalf of the board,

Gary Schellenberg
President


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

IBC Advanced Alloys Earns coveted AS9100 Certification

IBC Advanced Alloys Corp. (TSX VENTURE: IB)(OTCQX: IAALD) ("IBC" or the "Company") announces that its wholly owned subsidiary, IBC Engineered Materials Corp., a leading supplier of high performance aluminum beryllium alloys and advanced castings, has earned its AS9100 Rev C certification through Intertek, an internationally-recognized independent auditor of industry regulations. 

Developed specifically for the aviation, aerospace and defense industries, AS9100 ensures the safety and reliability of products used throughout these markets. The AS9100 Rev C standard was established by the International Aerospace Quality Group (IAQG) to help achieve significant quality improvements throughout the industry and is recognized globally with many prime aerospace contractors now requiring AS9100 compliance from their suppliers. 

"Compliance to AS9100 Rev C is a confirmation of quality to aerospace and defense customers," said Ray White, President of IBC Engineered Materials Corp. "Industry-specific standards, like AS9100, help manufacturers monitor critical cost and time-to-market factors, while ensuring customers get the best quality products available and it is confirmation of IBC's commitment to superior service and products for its clients."

Anthony Dutton, IBC's CEO commented, "AS9100 certification is critical to our evolving business objective to be a volume supplier of specialized components and advanced castings to the aerospace sector. Until now, sales of Beralcast(R) castings for aerospace applications have been based on its extraordinary mechanical properties and cost-effectiveness. It will be much easier to achieve volume sales now that we have industry-standard certification of our processes."

As part of the AS9100 certification, the Company has been certified to the latest ISO9001:2008 standards as well. IBC Engineered Materials Corp. is also listed in the OASIS (Online Aerospace Supplier Information System) database, managed by the International Aerospace Quality Group (IAQG). Sponsored by three governing bodies - the European Association of Aerospace Industries (AECMA), the SAE International and the Society of Japanese Aerospace Companies (SJAC) - the IAQG is a cooperative of worldwide prime aerospace industry companies that jointly develop standards for high quality products.

"Customers in other sectors are guaranteed comparable quality assurance through accreditation and AS9100 certification," White said. "This certification strengthens our competitive position with an objective standard for quality, customer satisfaction, and on-time delivery across the board." Concurring with White, Tobias Rodill, Managing Partner of Washington DC-based Command Strategies said, "The awarding of an AS9100 Certificate of Registration is an important milestone for IBC, and we are looking forward to leveraging this essential certification as we continue to raise IBC's profile in the aerospace and UAV communities to advance its business development initiatives in these sectors."

IBC's Engineered Materials is the world's only producer of precision aluminum beryllium investment castings known as Beralcast(R) alloys. The Beralcast(R) range of alloys and composites has a consistently high stiffness to weight ratio which allows aerospace, automotive and high tech engineers greater design flexibility and more options for significant performance gains including dramatic weight savings. The Beralcast(R) family of alloys are ideally suited to commercial, electronic and military aerospace applications requiring complex, lightweight high modulus parts.

About IBC Advanced Alloys Corp
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of sectors including aerospace, automotive, telecommunications and a range of industrial applications. IBC has 86 employees and production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX under the symbol "IAALD".

This news release was prepared by management of IBC, which takes full responsibility for its contents.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
IBC Advanced Alloys Corp.
Ian Tootill
Director of Corporate Communications
(604) 685-6263 ext 110
itootill@ibcadvancedalloys.com
www.ibcadvancedalloys.com

SOURCE: IBC Advanced Alloys Corp.

mailto:itootill@ibcadvancedalloys.com
http://www.ibcadvancedalloys.com

Related articles

• IBC Advanced Alloys Earns AS9100 Certification

Brigus Gold Intersects more High Grade gold deposits at 147 Zone

 (bwire)
HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”) (NYSE Amex: BRD; TSX: BRD) reports that results from its ongoing drilling program at the 147 Zone on its Grey Fox property in the Gold District of Timmins, Ontario, Canada, include high grade intercepts of 14 grams per tonne over 35 metres and 4.7 grams over 29 metres. 

Brigus Senior Vice President Exploration Howard Bird said, “These impressive drill hole intercepts are among the best returned from the 147 Zone. These results extend the ore body to a true vertical depth of 300 metres below surface and most importantly the zone remains open for further expansion.” 

Highlights from the 147 Zone drill holes reported today (all assays capped at 100 gpt gold, average gold grades over core length widths) include:

Hole Number		From (m)		To (m)		Core Length (m)		Gold Assay (gpt)		Grams X Width
GF12-485		186.50		190.30		3.80		5.00		19
		226.00		261.00		35.00		3.79		133
including		249.30		261.00		11.70		6.98		82
GF12-491		196.00		244.00		48.00		3.37		162
GF12-506		186.00		224.00		38.00		2.40		91
including		189.80		195.00		5.20		6.83		36
GF12-587		246.00		267.00		21.00		6.00		126
including		258.00		265.00		7.00		11.62		81
GF12-626		203.00		270.20		67.20		3.40		228
		300.90		320.00		19.10		1.26		24
		328.00		357.40		29.40		4.68		138
including		330.00		332.00		2.00		13.73		27
including		350.00		357.40		7.40		11.31		84
GF12-646		201.40		204.40		3.00		7.89		24
		343.00		378.00		35.00		13.97		489
including		367.00		375.00		8.00		47.28		378
		384.00		404.80		20.80		1.58		33
including		402.00		404.80		2.80		6.66		19

These drill holes will add to the September 2012 resource estimate of 480,850 Indicated ounces and 91,061 Inferred ounces for the 147 and Contact zones. Approximately 84 percent of the drill data used to compile the September 2012 resource estimate was within 200m of surface demonstrating excellent open pit mining potential.

In 2013 Brigus will extend and expand both the 147 and Contact zones through systematic drilling below the 200m level and along strike. Bird said, “Today's results further demonstrate the excellent potential for significant resource additions.” 

The 147, Contact and Grey Fox South zones are located on the Company's Grey Fox property on the southern portion of the Black Fox Complex. Planning is underway to develop this property into the Company's next mine. A full feasibility study on the Grey Fox property will be released during the second half of 2013. Brigus plans to commence production in early 2015.

To view lists details of the most recent 147 Zone drill holes, the 147 Zone drill-hole location map and three-dimensional models of the gold results, please visit the company's website at www.brigusgold.com.
Norex Drilling conducted surface drilling, supervised by the Brigus exploration team. All sample analyses reported here were performed using standard fire assay procedures by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America. Intercepts cited do not necessarily represent true widths, unless otherwise noted. Brigus Gold's quality control checks include insertion of blanks, standards and duplicates to ensure laboratory accuracy. Senior Exploration Project Manager John A. Dixon, P. Geo., reviewed the technical exploration information in this release as the Qualified Person for the Company.

About Brigus Gold
Brigus is a growing Canadian gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox mine and mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox mine, the new Grey Fox property and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. The Black Fox mine is in production and the Grey Fox mine, located four kilometres from Black Fox is in development. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus owns the Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.
Cautionary and Forward-Looking Statements
Statements in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the Company's ability to successfully expand the Black Fox Complex gold resource, add to Black Fox resources, advance new discoveries to production, convert resource estimates into near-term production, release of an updated mineral resource estimate in 2012 and the Black Fox underground mine exploration drilling program and continue to obtain positive down dip continuity of significant gold mineralization are forward-looking statements and estimates that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading “Risk Factors” in Brigus Gold's most recent Annual Information Form and Management Discussion and Analysis filed under the company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov and elsewhere in Brigus Gold's documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws. Source: Brigus Gold Corp.

Brigus Gold Corp.
Kate Wood
Manager, Investor Relations
(902) 442-7184
kwood@brigusgold.com

Related articles

• Brigus Gold Hits 2012 Production Target
• More high grade Gold discovered at Grey Fox!
• Brigus Gold Intersects High Grades at 147 Zone
• Brigus Gold CEO Wade Dawe Discusses High Grade and Mine Expansion

Brigus Gold Hits 2012 Production Target

 (bwire)
HALIFAX, Nova Scotia (Business Wire) -- Brigus Gold Corp. (“Brigus” or the “Company”)(NYSE BRD; TSX: BRD) is pleased to announce record production levels of 22,672 gold ounces in the fourth quarter of 2012. The Company finished the year within the guidance set on February 21, 2012 of 77,000 – 85,000 ounces with a total of 77,374 ounces.

“We finished the year in a very strong position and are well poised for growth heading into the new year,” said Wade Dawe, Brigus' Chairman and Chief Executive Officer. “Gold production increased each quarter in 2012, a trend that will continue into 2013 as we reach annual steady state production levels.”
The Black Fox mill processed 185,727 tonnes of ore at an average grade of 4.04 grams of gold per tonne and an average recovery of 94 percent in the quarter. Throughput averaged 2,019 tonnes per day.
The Company will release complete fourth quarter and year-end financial and operational results on March 28, 2013.

2013 OUTLOOK
In 2013, Brigus will fund Black Fox and Grey Fox operations with internally generated cash flows. Mining operations will continue to be profitable and cash flow positive as gold production increases. Brigus' production guidance for 2013 is 90,000 to 100,000 ounces and cash costs are anticipated to stabilize in the range of $700 - $750 per ounce.

Capital costs for 2013 are forecasted as follows; $16 million (M) for underground development, $13M for open pit capital stripping and overburden removal, $20M for property plant, equipment and other capital items, and $10.5M for Grey Fox and Black Fox underground exploration. Capital costs for the development of the Grey Fox mine will be outlined in the feasibility study scheduled to be released during the second half of 2013.

The Company remains focused on increasing gold resources at Grey Fox and at the Black Fox underground mine through targeted exploration drilling which will continue throughout the year. 

About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has the Ixhuatan Project located in the state of Chiapas. In the Dominican Republic, Brigus has signed an agreement to sell its remaining interests in three mineral exploration projects.

Cautionary and Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements that involve risk, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All statements regarding the ability of the Company to achieve its production, total cash costs, steady state annual production and mining rate estimates; increase in gold production; increase in profitability; exploration drill results and resource additions, are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking statements include, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the outcome of legal proceedings, the issue of permits, the size and quality of the Company's mineral resources, progress in development of
mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, and the financial results of the Company.

Important factors that could cause actual results to differ materially from these forward-looking statements include environmental risks and other factors disclosed under the heading “Risk Factors” in Brigus' most recent Annual Information Form and Management Discussion and Analysis filed under the Company's name at www.sedar.com and annual report on Form 40-F filed with the United States Securities and Exchange Commission at www.sec.gov as well as elsewhere in Brigus' documents filed from time to time with the Toronto Stock Exchange, the NYSE Amex Equities, the United States Securities and Exchange Commission and other regulatory authorities. All forward-looking statements included in this news release are based on information available to the Company on the date hereof. The Company assumes no obligation to update any forward-looking statements, except as required by applicable securities laws.


Brigus Gold
Kate Wood, (902) 442-7184
Manager, Investor Relations
kwood@brigusgold.com

Related articles

• More high grade Gold discovered at Grey Fox!
• Brigus Gold Assay Results
• Brigus Gold - New coverage
• Brigus Gold Reports Additional 147 Zone High-Grade Gold Results
• Top Gold Stocks for 2013

Graphene News - Focus Graphite Appoints Mr. Benoit Lafrance Vice-President, Exploration

Mr. Gary Economo, President and CEO, Focus Graphite Inc., (TSX VENTURE: FMS)(OTCQX: FCSMF)(FRANKFURT: FKC) is pleased to announce the appointment of Mr. Benoit Lafrance, P.Geo, Ph.D., as Vice-President, Exploration. Mr. Lafrance's appointment is effective immediately.
"Mr. Lafrance's addition to Focus Graphite's management, particularly his experience in mineral exploration as well as his strong academic background in metallogenic studies brings additional strength to our core management team to develop new projects and evaluate future domestic and international opportunities with a view to increasing shareholder value," Mr. Economo said.

Mr. Lafrance replaces Mr. Tony Brisson who resigned to pursue other interests.

Mr. Lafrance assumes his responsibilities with Focus Graphite after serving three years as scientific researcher for CONSOREM, an applied research group for mineral exploration. His previous experience includes four years with Cogitore Resources Inc. as senior geologist and five years with the Quebec Government geological survey. 

Mr. Lafrance, a Chicoutimi, Quebec-based geologist holds a Ph.D. degree in Mineral Resources Studies from the Universite du Quebec a Chicoutimi.

About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Cote-Nord region of northeastern Quebec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated mineral resource of 4.972 Mt grading 15.7% carbon as crystalline graphite with an additional Inferred mineral resource of 3.000 Mt grading 15.6% crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Analysis ("PEA") of the Lac Knife project which demonstrates that the project has robust economics and excellent potential to become a profitable producer of graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite is also investing in the development of graphene applications and patents through Grafoid Inc.
Forward Looking Statements - Disclaimer
This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Mr. Gary Economo
President and Chief Executive Officer
613-691-1091, ext. 101
geconomo@focusgraphite.com
www.focusgraphite.com

SOURCE: Focus Graphite Inc.

mailto:geconomo@focusgraphite.com
http://www.focusgraphite.com

Related articles

• Focus Graphite Announces R&D Agreement Between Grafoid Inc. and Hydro-Quebec's IREQ for Next Generation LFP-Graphene Batteries
• Moving To Graphite Valley?
• Scientists Made a Laser-Controlled Graphite Hoverboard
• Why Graphite Is The Future, And Now Is The Time To Invest
• Grafoid Inc. and Hydro-Quebec's IREQ to Collaborate on Next Generation LFP-Graphene Batteries

Alberta Oilsands Inc. Advances its Clearwater West SLP-SAGD Project Application

 Press Release Alberta Oilsands Inc. Advances its Clearwater West SLP-SAGD Project Application
NOT FOR DISTRIBUTION TO THE U.S.A. NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE U.S.A.
Calgary, Alberta CANADA, January 07, 2013 /FSC/ - Alberta Oilsands Inc. (AOS - TSX Venture)("Alberta Oilsands" or the "Company")is pleased to announce that it has submitted to the Energy Resources Conservation Board (ERCB) its response to the remaining question in the third Supplemental Information Request (SIR) and an updated geo-mechanical reservoir model simulation relating to its Clearwater West SLP-SAGD project ("Clearwater").

Binh Vu, interim President of Alberta Oilsands stated, "The submission of the remaining responses and an updated geo-mechanical reservoir model simulation to the ERCB provides strong support for approval of AOS' Clearwater application. This is a significant step on the path to production at the Company's Clearwater project."

The Company initially filed an application to the ERCB for a Solvent Co-Injection Low Pressure Steam Assisted Gravity Drainage (SLP-SAGD) pilot project at Clearwater with a design production capacity of 4,350 bbl/d of bitumen through six horizontal SLP-SAGD well pairs. The Company has now responded to all outstanding SIRs from the ERCB and will continue to work with the ERCB during the coming months to advance the Clearwater application to the approval stage. Subject to the ERCB's approval of the Clearwater application and successful completion of the pilot program, the Company plans to proceed to the commercial production phase and increase the production capacity at Clearwater.

The Clearwater project area is now delineated by a total of 60 core holes over approximately 6 sections. The section that the Clearwater application encompasses has a core density of 14 core holes per section with 3D seismic coverage. The Company engaged GLJ Petroleum Consultants to prepare a NI 51-101 compliant resource report on the entire Clearwater project area based on delineation that included the results of the winter drilling program with an effective date of December 31, 2011. Gross lease contingent resources of 373 million barrels (MMbbl) were assigned on a best estimate basis. The contingencies which currently prevent the classification of the contingent resources as reserves are the pending successful piloting of the SLP-SAGD technology, further delineation drilling, facility design, regulatory approvals and firm development plans.

About AOS
Alberta Oilsands Inc. is engaged in the exploration and development of bitumen in the Athabasca oil sands region of northeast Alberta. Its head office is located in Calgary, Alberta, Canada and Alberta Oilsands' common shares are traded on the TSX Venture Exchange under the trading symbol AOS.
For further information please contact:
Binh Vu
Interim CEO & President
(416) 951-8800
bvu@aboilsands.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward looking information including expectations for proceeding with the commercial production phase at Clearwater, increasing production capacity at Clearwater and estimates of resources at Clearwater.
Forward looking information is based on management's expectations regarding the successful completion of the pilot program at Clearwater, future growth, results of operations (including production, operating costs, average realized bitumen prices), future capital and other expenditures (including the amount, nature and sources of funding thereof), plans for and results of drilling activity, environmental matters, business prospects and opportunities, future royalty rates, commodity prices and foreign exchange rates and future economic conditions. Forward looking information involves significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration, production and start-up activities; delays or changes in plans with respect to exploration or development projects or capital expenditures; unanticipated operational upsets; the uncertainty of reserve and resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations and risks and uncertainties associated with securing and maintaining the necessary regulatory approvals and financing to proceed with the continued expansion at Clearwater. Additional risks and uncertainties relating to AOS and its business and affairs are described in further detail in AOS' Annual Information Form for the year ended December 31, 2011 which is available at www.sedar.com. Although AOS believes that the expectations in such forward looking information are reasonable, there can be no assurance that such expectations shall prove to be correct. The forward-looking information included in this news release is expressly qualified in its entirety by this cautionary statement. AOS assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances, except as required by law.
This news release includes information pertaining to the resources of the Corporation as at December 31, 2011 as evaluated by GLJ Petroleum Consultants Ltd. ("GLJ") in their report for the year ended December 31, 2011. Statements relating to resources are deemed to be forward looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the resources described exist in the quantities predicted or estimated, and can be profitably produced in the future. Certain information and assumptions relating to the resources reported herein are set forth in AOS' annual information form for the year ended December 31, 2011 which is available at www.sedar.com. The resource estimates of AOS' properties described herein are estimates only. The actual resources on AOS' properties may be greater or less than those calculated. Readers are referred to AOS' annual information form for the year ended December 31, 2011 for additional information relating to the risks and levels of uncertainties associated with the recovery of the contingent resources.
References to "contingent resources" in this news release do not constitute, and should be distinguished from, references to "reserves". Reserves are estimated remaining quantities of crude oil and natural gas and related substances anticipated to be recoverable from known accumulations, as of a given date, based on the analysis of drilling, geological, geophysical, and engineering data; the use of established technology; and specified economic conditions, which are generally accepted as being reasonable. Contingent Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. There is no certainty that it will be commercially viable to produce any portion of the resources. "Best Estimate" is considered to be the best estimate of the quantity that will actually be recovered. It is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50 percent probability that the quantity actually recovered will equal or exceed the best estimate.
In addition, design capacity is not necessarily indicative of the stabilized production levels that may ultimately be achieved at Clearwater.
To view this press release as a web page, click onto the link below:
http://www.usetdas.com/pr/albertaoilsands07012013.htm
Source: Alberta Oilsands Inc. (TSX-V AOS) www.aboilsands.ca

Related articles

• Alberta group wants to move oilsands products by rail to Alaska
• SLIDESHOW: Working Canada's oil sands
• Athabasca Oil Corporation green-lights $536M Hangingstone SAGD oil sands project