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Monday, October 3, 2011

Brigus Gold Added to S&P/TSX Indices

Brigus Gold Corp. ("Brigus" or the "Company") (NYSE Amex: BRD) (TSX: BRD)

Standard & Poor's Canadian Index Operations added Brigus Gold to their list of companies on S&P/TSX SmallCap Index in September. Effective Monday, September 19, Brigus was also added to the S&P/TSX Global Gold Index and the S&P/TSX Global Mining Index. 

"We are pleased to have been added to three key indices," said Wade K. Dawe, President and CEO. "Inclusion in these indices will provide us with additional exposure to the investment community."

These new additions to the S&P/TSX Indices were made public by Standard & Poor's Canadian Index Operations on September 9, 2011 following their quarterly S&P/TSX Composite Index Review.

About Brigus
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, all in the Township of Black River - Matheson, Ontario, Canada. Brigus is also advancing its Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has a letter of intent to sell 75% of its Ixhuatan silver-gold projected located in the state of Chiapas. In the Dominican Republic, Brigus has a letter of intent to sell its remaining interests in three mineral exploration projects.
Cautionary and Forward-Looking Statements

Statements contained in this news release that 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 targeted gold production at its Black Fox Mine, including underground production, and cash costs, mill expansion results, meet capital construction schedules and costs, and the continuation of a rising gold price are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, 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 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 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.
SOURCE: Brigus Gold Corp.
Brigus Gold Corp. 
Jennifer Nicholson, CA 
Vice President Investor Relations 
(902) 422-1421 
jnicholson@brigusgold.com
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Everton Signs Option Agreement to Purchase Remaining Interest in three Dominican Republic Properties from Brigus Gold

Brigus Gold Corp.
Everton Resources Inc.
Everton Resources Inc.

TSX VENTURE : EVR
FRANKFURT : ERV



Brigus Gold Corp.

TSX : BRD
NYSE Amex : BRD




September 29, 2011 09:37 ET



OTTAWA, ONTARIO--(Marketwire - Sept. 29, 2011) - Everton Resources Inc. ("Everton") (TSX VENTURE:EVR)(FRANKFURT:ERV) and Brigus Gold Corp. ("Brigus") (TSX:BRD) (NYSE Amex:BRD) announce that they have agreed to revised terms whereby Everton has acquired the option to purchase Brigus' remaining 50% interest in the Ampliación Pueblo Viejo II ("APV"), Ponton and La Cueva concessions in the Dominican Republic ("the Concessions").

The binding agreement requires Everton to issue 15 million treasury common shares to Brigus to acquire the option. Pursuant to the option, Everton can acquire Brigus' remaining interest in the Concessions by paying Brigus CAD$500,000 cash and an additional CAD$500,000 in cash or common shares with a value of $500,000 by December 31, 2011.

Brigus will also receive a sliding scale net smelter return royalty on the Concessions equal to 1.0% when the price of gold is less than US$1,000 per ounce, 1.5% when the price of gold is between US$1,000 and US$1,400 per ounce, and 2% when the price of gold is above US$1,400 per ounce.

Everton will also issue Brigus a promissory note equal to the greater of CAD$5 million or 5,000,000 common shares of Everton. The promissory note will be subject to completion of a National Instrument 43-101 compliant measured and indicated resource estimate on the Concessions of a minimum one million ounces of gold equivalent ("AuEq") (at an average grade of 2.5 g/t AuEq or higher for APV and 1.5 g/t AuEq or higher for Ponton and La Cueva) or actual gold production from the Concessions plus a National Instrument 43-101 compliant measured and indicated resource estimate on the Concessions (at an average grade of 2.5 g/t AuEq or higher for APV and 1.5 g/t AuEq or higher for Ponton and La Cueva) exceeding 1 million ounces of gold equivalent ("AuEq").

Everton Chairman and CEO Andre Audet commented on the change from the previous agreement, "The elimination of requirements for a private placement and a commitment to spend $5 million in exploration drilling over the next two years will provide Everton with some flexibility in our drilling agenda."
"Brigus has been a great partner to us, and I'm pleased they have agreed to the revised terms," Mr. Audet said. "It frees up an additional $500,000 cash which, in our case at APV-South is the equivalent of five or six new deep drill holes."

About Everton Resources Inc.
Everton is partnered with Brigus on actively exploring in the Dominican Republic adjacent to the US$3.5 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%) ("Goldcorp") (NYSE:GG)(TSX:G). Planned divestiture of its 100%-owned subsidiary Hays Lake Gold containing the Shoal Lake Gold Project in Kenora, Ontario is expected to provide internal funding to advance the Ampliacion Pueblo Viejo project. Everton also holds an interest in the Opinaca region of James Bay, Quebec where the Company has partnered with Aurizon Mines Ltd. who is advancing Everton's interest by funding 100% of all exploration work on one of the largest land packages adjacent to Goldcorp's Eleonore gold deposit.

About Brigus Gold Corp.
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, all in the Township of Black River - Matheson, Ontario, Canada. Brigus is also advancing its Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has a letter of intent to sell 75% of its Ixhuatan silver-gold projected located in the state of Chiapas. In the Dominican Republic, Brigus' remaining interests in three mineral exploration projects are subject to a purchase option agreement with Everton.

This news release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Everton's plans, objectives, strategies, expectations and intentions. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Everton, or its management, are intended to identify such forward-looking statements. Many factors could cause Everton's actual results, performance or achievements to be materially different any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this press release represent Everton's views as of the date of the release. While Everton anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements, except in accordance with applicable securities laws. Accordingly, readers are advised not to place undue reliance on forward-looking information. All subsequent written and oral forward-looking statements attributable to Everton or persons acting on its behalf are expressly qualified in their entirety by this notice.
Neither the TSX, 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.

Contact Information


Andre Audet
Chairman and CEO
613-241-2332
613-241-8632 (FAX)
andre@evertonresources.com
www.evertonresources.com

Jennifer Nicholson, CA
Vice President Investor Relations
902-422-1421
jnicholson@brigusgold.com

Notes:  Brigus Gold is a top ten pick of the Motley Fool.
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Tuesday, September 20, 2011

Rodinia Lithium Confirms Brine Grade and Quality at Diabillos lithium property

Rodinia Lithium Inc.Rodinia Lithium Inc.

TSX VENTURE : RM
OTCQX : RDNAF




September 20, 2011 07:30 ET

 Diamond Drill Results


- Granulometry Determines Greater Than 90% Sand and Gravel in Diablillos Aquifers
- Bailer Tests Confirm Reverse Circulation Brine Sample Results, Increasing Confidence in Grade and Quality of Resource
- Basement Depths Reached, Fractured Basement Increasing Possible Resource Area
- First Pump Test Completed


TORONTO, ONTARIO--(Marketwire - Sept. 20, 2011) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM)(OTCQX:RDNAF) is pleased to provide an update on progress at its Salar de Diablillos Project ("Diablillos" or "Salar") located in Salta Province, Argentina. Diamond drilling on the Salar is ongoing, having completed six drill holes for a total of 1,008 vertical metres. Drilling consistently encountered sand and gravel dominant lithologies, with recoveries varying between 10% and 100%. Sections with high recovery were sent for granulometric analysis with results varying between 85% and 95% fine sand or greater diameter grain size.

During diamond drilling, brine was sampled using bailer tests, where one and one-half times the volume was removed before collecting the sample. D-DD-01 intersected 150 metres grading 521 mg/l lithium ("Li"), 5,254 mg/l potassium ("K"), 660 mg/l boron ("B"). This hole was drilled in the northeastern portion of the Salar where intersections consistent with the one observed in D-DD-01 are expected. Fractured basement was encountered from 189 metres to the end of hole. The fractured basement was saturated with lithium brine averaging 557 mg/l lithium.

William Randall, President & CEO of Rodinia, commented "Confirming the positive properties of the acquifers, from brine quality and grade to favourable lithologies, is an important step in increasing certainty and de-risking the project. We have now drilled and sampled the deposit with various different methodologies and have found consistent and positive results throughout. In addition, we have now completed our first pump test with final results expected shortly."

D-DD-02 encountered heavy artesian conditions limiting brine sampling to irregular intervals. However, all values collected between 42 metres and 156 metres depth averaged 510 mg/l Li. This hole was drilled in close proximity to D-RC-16, which also encountered heavy artesian conditions with brine values averaging 575 mg/l between 42 metres and 102 metres (for additional information please refer to press release dated January 13, 2011).

This is also the location of the first pump test which was successfully completed last week. Final reports on the pump test results are expected shortly and will be released accordingly.

The Project is supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release. According to the Company's sampling protocol, sample size is to exceed 500 millilitres and be stored in clean, secure containers for transportation. The prepared samples are then forwarded to the ALS Laboratory Group, Environmental Division, in Fort Collins, Co (USA) for analysis. A rigorous QA/QC program is implemented consisting of regular insertion of standards and blanks to ensure laboratory integrity.

About Rodinia Lithium Inc.:
Rodinia Lithium Inc. is a Canadian mineral exploration and development company with a primary focus on Lithium exploration and development in North and South America. The Company is also actively exploring the commercialization of a significant Potash co-product that is expected to be recoverable through the lithium harvesting process.

Rodinia's Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent.

The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium. Throughout 2011, Rodinia will focus on continuing to develop the Diablillos project by completing additional drilling and advancing through scoping study.

The Company also holds 100% mineral rights to approximately 70,000 acres in Nevada's lithium-rich Clayton Valley in Esmeralda County, and is currently in the process of assessing the size, quality and processing alternatives of this deposit. The Clayton Valley project is located in the only known lithium-brine bearing salt lake in North America, and looks to represent the only new source for domestic lithium carbonate supply.
The Projects are supervised by Ray Spanjers, Rodinia's Manager of Exploration. Mr. Spanjers is considered a Qualified Person, as defined by National Instrument 43‐101.

Please visit the Company's web site at www.rodinialithium.com or write us at info@rodinialithium.com.
Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the drill program at the Diablillos property and results of such drill program; the potential of the Diablillos property and Clayton Valley project; anticipated timing with respect to the completion of a preliminary economic assessment, the potential results and timetable for further exploration with respect to the Clayton Valley project and the Diablillos property, the timetable with respect to future acquisitions and exploration developments at Clayton Valley and Diablillos, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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.

Contact Information


Investor Cubed Inc.
Investor Relations
+1 (647) 258-3311

Rodinia Lithium Inc.
Aaron Wolfe
Vice-President, Corporate Development
+1 (416) 309-2696
www.rodinialithium.com
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Monday, September 12, 2011

Talison Lithium - Production up 32% - Price up 25% - reserves increased 157% - Sales up 32% - Operating costs down 12% and mine Life extended to 22 years !

Talison Lithium to Report Fiscal Fourth Quarter and Full Year 2011 Financial Results


Perth, Western Australia,  September 12, 2011 - Talison Lithium Limited (TSX: TLH | US: TLTHF) today announced results for the fiscal fourth quarter 2011 and fiscal year 2011.

Operational Highlights
  • Construction of the Stage 2 expansion of the Greenbushes Lithium Operations continued during the quarter on time and on budget. 
  • During the quarter, Talison announced updated lithium mineral resources and reserves for the Greenbushes Lithium Operations as of March 31, 2011. Total lithium proven and probable mineral reserves increased by 157% (measured on the basis of total tonnes of contained lithium carbonate equivalent (“LCE”) and mine life of the Greenbushes Lithium Operation was extended to 22 years. 

  • The first drill program at two of the seven salars that comprise the Salares 7 Project in Chile was completed during the quarter with highly encouraging results.
  • Price increases of up to 25% were announced by two of the three other major lithium producers late in the fourth quarter. Talison believes the price increases are indicative of a tightening in lithium supply while global demand remains strong. 
  • Production and sales volumes for the fiscal year 2011 of 342,097 tonnes and 339,501 tonnes of lithium concentrates, respectively (approximately 51,000 tonnes LCE and 50,000 tonnes LCE, respectively), representing a 30% and 32% increase year over year.
  • Operating cost per tonne reduced by 12% for fiscal year 2011 as a result of an increase in plant yields.
Financial Highlights for the Fiscal Year 2011
  • Earnings before interest, income tax, and depreciation and amortization (“EBITDA”) of A$24.1 million on revenues of A$109.5 million, representing a 29% and a 35% increase respectively, over the 2010 fiscal year.
  • Operating cashflow of A$22.3 million, an increase of A$15.4 million year over year.
  • Net profit after tax of A$22.9 million.
  • Basic earnings per share was A$0.257.
  • Cash and cash equivalents as at June 30, 2011 of A$102.6 million.
Fourth Quarter Financial Results
Talison generated revenue of A$26.4 million in the quarter.  In US$ terms, sales revenue was 8% higher than Q4 fiscal year 2010 however, in A$ terms sales revenue decreased 11% q/q as a result of the adverse impact of a 21% increase in the value of the A$ against the US$ between the two periods.
The Company realized an average sales price (“ASP”) per tonne of lithium concentrate of US$302, above of Q4 fiscal year 2010 ASP of US$298. 
Talison sold 92,416 tonnes of lithium concentrate during the quarter, a 5% increase over Q4 fiscal year 2010Production volume increased 25% q/q as the Company realized the full benefits of the completion of its Stage 1 capacity expansion of the Greenbushes Lithium Operations.

Cash cost of goods sold was A$17.0 million, down 18% qq.  This figure equates to a cash gross margin of 36%.  Cash cost of goods sold decreased as Talison realized economies of scale as it increased production capacity.  Furthermore, the Company implemented processing efficiency initiatives that resulted in a 15% improvement in yield.
EBITDA was A$5.8 million, steady at 22% of revenue.  EBITDA declined 8% q/q as a result of a 21% increase in the value of the A$ against the US$, offset by an increase in sales volumes and a reduction in operating costs.


Fiscal 2011 Financial Results
Talison generated revenue of A$109.5 million for the year, an increase of 35% compared to fiscal year 2010.  The revenue growth reflects both volume growth and better realized pricing.  The Company sold 339,501 tonnes of lithium concentrate, a 32% y/y increase.  Volume grew as Talison realized the benefits of the completion of its Stage 1 capacity expansion.  The Company realized an average sales price per tonne of US$308, a 10% increase from the ASP of US$281 in fiscal year 2010.  Revenue was impacted negatively by the 12% increase in the value of the A$ against the US$.  

Cash cost of goods sold was A$70.6 million, up 22% as a result of the increase in sales volume and 12% reduction in operating costs per tonne lithium concentrate sold.  This figure equates to a cash gross margin of 36%, a significant improvement over the cash gross margin of 29% realized in 2010.  Gross margin improved due to economies of scale resulting from the ramp up of the Stage 1 capacity expansion.  Additionally, processing efficiency initiatives resulted in a 10% improvement in yield.

EBITDA was A$24.1 million, steady at 22% of revenue.  EBITDA expanded 29% y/y, due to both sales growth and improved gross margin, offset by an increase in the A$/US$ exchange rate and non-recurring reorganization costs.

Fourth Quarter Operations
During the quarter, Talison made significant progress in a number of key operational areas.  The Company continued expansion of the production facilities at the Greenbushes Lithium Operations, advanced efforts on its mineral conversion plant, and reported positive exploratory results at the Salares 7 project in Chile.  The Company also reported updated lithium mineral reserves at the Greenbushes Lithium Operations.

 Talison is doubling its capacity to produce lithium concentrate to 740,000 tonnes per year with the Stage 2 expansion of the Greenbushes Lithium Operations.  Talison will ultimately spend A$65 to A$70 million to complete this project, which should commence operations in the fiscal fourth quarter 2012.  Construction remains on budget and on time.  During the quarter, bulk earthworks were completed, the majority of foundations laid, and construction progressed on the final product stockpile area.

Talison is aggressively pursuing its proposed plant to convert lithium minerals into lithium carbonate (“Minerals Conversion Plant”).  Preliminary engineering and location studies for the proposed Minerals Conversion Plant commenced, with the location study evaluating several Western Australian locations, including at Greenbushes, and one overseas location.  External engineering and environmental consultants were appointed to contribute to the preliminary studies.  Discussions with potential customers regarding future lithium carbonate requirements are also underway.  Talison is receiving considerable encouragement to expedite the development of the Minerals Conversion Plant. 

During the quarter, Talison completed the first drill program at two of the seven salars that comprise the Salares 7 Project in Chile.  The program consisted of initial shallow reconnaissance drilling at Salar de la Isla and Salar de Las Parinas.  Initial results are highly encouraging. 
Brine analyses at Salar de la Isla indicate:
  • Lithium of up to 1,080 milligrams per liter (“mg/l”) lithium, with an average of 863 mg/l; and
  • Potassium of up to 9,830 mg/l, with an average of 7,979 mg/l
Brine analyses at Salar de Las Parinas indicate:
  • Lithium of up to 480 mg/l, with an average of 331 mg/l; and
  • Potassium of up to 8,210 mg/l, with an average of 5,650 mg/l
During the quarter, Talison announced updated lithium mineral resources and reserves for the Greenbushes Lithium Operations as of March 31, 2011. Total lithium proven and probable mineral reserves increased by 157% (measured on the basis of total tonnes of contained LCE) and mine life of the Greenbushes Lithium Operation was extended to 22 years.  Talison believes there will be further opportunities to increase lithium mineral reserves and extend mine life at the Greenbushes Lithium Operations in the future.

Fiscal 2012 Outlook


Talison expects production of lithium concentrate in fiscal Q1 2012 to be in-line with that of fiscal Q4 2011.  The Company expects sales of lithium concentrate to match production.  Price increases of up to 25% were announced by two other major lithium producers late in our fiscal fourth quarter.  Talison secured price increases for two shipments in fiscal Q1 2012 and believes the price increases are indicative of a tightening in lithium supply while global demand remains strong.  

During fiscal 2012, Talison expects demand to remain strong for both technical-grade and chemical-grade lithium concentrate, and that it will produce and sell at capacity.  Capacity is expected to remain constrained until commissioning of the Stage 2 expansion in fiscal Q4 2012.  Because the commissioning should occur late in the year, the additional capacity will not impact sales until fiscal 2013.  However, the full year of contribution from the Stage 1 Expansion, combined with anticipated process improvements, should enable full year 2012 sales to equate to fiscal Q4 2011 sales on an annualized basis.

Fourth Quarter Financial Results Conference Call

Talison will host a conference call to discuss the financial results on Monday, September 12, 2011 at 9:00 a.m. EDTThe call is being webcast by Thomson Reuters and can be accessed at www.earnings.com or at Talison’s website, www.talisonlithium.com.


Teleconference call details are as follows:
North America: +1 (800) 295-4740
International: +1 (617) 614-3925
Participant Code: 56641749
Chairperson: Peter Oliver, Chief Executive Officer and Managing Director

Replay
Available from: September 12, 2011, 12:30 PM EST
Available to: September 20, 2011
Dial In: +1 (888) 286-8010
International: +1 (617) 801-6888
Passcode: 69190363
To view the entire press release please visit:

http://www.talisonlithium.com/news.aspx
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Friday, September 9, 2011

Nautilus Minerals Closes C$70.5 million First Tranche of Private Placement

23 hours ago by Marketwire
Nautilus Minerals Inc. (TSX: NUS)(AIM: NUS) has received gross proceeds of C$70.5 million from the issue of the first tranche of shares forming part of the recently announced private placement.

A total of 27,987,853 shares were issued today in the first tranche at an issue price of C$2.52 per share.
The shares formed part of a total capital raising of C$98.1 million, before expenses, involving the issue of approximately 39 million shares. The remaining shares (approximately 11 million) are to be issued on October 6, 2011.

Application has been made to the AIM Market of the London Stock Exchange for the first tranche of 27,987,853 shares to be admitted to trading on September 9, 2011. The shares also will be listed for trading on the Toronto Stock Exchange.

Further details of the private placement are available on the Nautilus website:
http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=476612
The private placement has been made to provide funds for the construction of Nautilus Minerals' seafloor resource production system, which initially will be deployed at the company's first deepwater copper and gold project at Solwara 1, in the Bismarck Sea of Papua New Guinea.
As a result of the successful capital raising, Nautilus has today reinstated the Engineering, Procurement, Construction and Management (EPCM) contract for the supply of the Riser and Lifting System (RALS) for the project. The RALS will transport mineralized material from the seafloor to a production support vessel approximately 1600 metres above. The EPCM contract, which includes the procurement of RALS components, has a target cost of US$115 million. The contract is with world leading oil and gas technology company Technip USA Inc. It is the final contract to be reinstated following the partial suspension of the Solwara 1 project in December 2008.

About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits and is currently developing its first development project at Solwara 1, in the territorial waters of Papua New Guinea, where the company is aiming to produce gold, copper and silver. The company has been granted all necessary environmental and mining permits.
The company also holds approximately 600,000 square kilometers of highly prospective exploration acreage in the western Pacific, in PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.
A Canadian registered company, Nautilus is listed on the TSX and AIM stock exchanges and has its corporate office in Brisbane, Australia. Its major shareholders include Metalloinvest, the largest commercial iron ore producer in Europe and the CIS, which has a 21% holding, and global mining group Anglo American, which holds an 11.1% interest.
Certain of the statements made in this news release may contain forward-looking statements within the meaning of the United States Securities Exchange Act of 1934 and forward-looking information within the meaning of applicable Canadian securities law. Forward-looking statements and forward-looking information include, but are not limited to statements or information with respect to the completion of the private placement. We have made numerous assumptions about the material forward-looking statements and information contained herein. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Forward-looking statements and information by their nature involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking statements or information. Such risks, uncertainties and other factors include, among others, the risk that the project budget is not an accurate estimate of funding required, or the private placement is not successfully concluded by some or all parties and regulatory approval in respect of the private placement is not received. Should one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements and information. Although we have attempted to identify factors that would cause actual results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actual results, performances, achievements or events to not be as anticipated, estimated or intended. Also, many of the factors are beyond our control. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly you should not place undue reliance on forward-looking statements or information. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of Nautilus's business contained in Nautilus's reports filed with the securities regulatory authorities in Canada.
Neither the TSX nor the London Stock Exchange accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Nautilus Minerals Inc. (Toronto)
Investor Relations
+1 (416) 551 1100
investor@nautilusminerals.com

Nautilus Minerals Inc.
Joe Dowling
Vice President Investor Relations and Communications
+61 (7) 3318 5544 or Cell: +61 431 365 741
jjd@nautilusminerals.com
www.nautilusminerals.com

Numis Securities Limited
John Harrison
Nominated adviser
+ 44(0) 20 7260 1000

Numis Securities Limited
James Black
Corporate broking
+ 44(0) 20 7260 1000


SOURCE: Nautilus Minerals Inc.
mailto:investor@nautilusminerals.com
mailto:jjd@nautilusminerals.com
http://www.nautilusminerals.com
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TNR Gold Contests Drilling by Minera Andes on Escorpio IV Property, Argentina

TNR Gold Corp.TNR Gold Corp.

TSX VENTURE : TNR




September 09, 2011 10:06 ET



VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2011) - TNR Gold Corp. (TSX VENTURE:TNR) (the "Company") and wholly owned subsidiary Compañía Minera Solitario Argentina S.A. ("Solitario") announce that on June 27, 2011, the Company and Solitario became aware of a press release entitled "Minera Andes Reports Drill Results and Development Update for the Los Azules Copper Project" (the "Press Release"), published and disseminated by Minera Andes Inc. ("MAI"), in which MAI announces it has conducted a series of drill holes on a mineral property called Escorpio IV, which they describe as a "contested concession".

Key highlights with expanded details below:
  • Solitario is the registered owner of the Escorpio IV mineral concession;
  • MAI publicly reports drilling on Escorpio IV;
  • MAI's action is without Solitario's consent and implies an infringement to Solitario's mineral property rights; and
  • The Company will investigate and determine appropriate legal actions.
To such effect, Solitario communicates and clarifies the following:
  1. Although the mineral property called "Escorpio IV" is the subject of a legal dispute in British Columbia, at present, and for the purposes of the Ministry of Mines, San Juan Province, Argentina (the "Ministry of Mines"), it is exclusively owned by Solitario.
  2. Notwithstanding that Solitario is the registered owner; at no time did MAI seek or obtain Solitario's consent to conduct any of the drilling on Escorpio IV that is referenced in the Press Release.
  3. Such drilling activities imply an infringement to the mineral property rights of Solitario.
  4. In view of the foregoing, on July 15, 2011, a Notarial Acknowledgement Record was filed to put on record the existence of the above mentioned Press Release and its contents.
  5. On August 17, 2011, Solitario informed the Ministry of Mines of the facts outlined above and requested an investigation on MAI thereof and its responsibilities.
  6. Furthermore, in November 2011, once access to Escorpio IV is available, Solitario will verify through a Notary Public, the existence or otherwise of the "drill holes" published by MAI.
  7. Depending on the results obtained through these measures, Solitario will decide on legal actions that may be appropriate.
ABOUT LOS AZULES
Throughout the last three years, TNR and Solitario have been involved in litigation in the British Columbia Supreme Court over their claims to partial ownership of the Los Azules deposit, an advanced-stage exploration project in San Juan, Argentina which hosts one of the largest undeveloped copper resources in the world. It is currently reporting a National Instrument 43-101 compliant Inferred Resource.

The defendants in the litigation are MAI, MIM Argentina Exploraciones S.A. ("Xstrata") and related entities. In the litigation, TNR and Solitario allege that Xstrata and Minera Andes did not complete the required exploration expenditures required for Xstrata's exercise of its option on April 23, 2007 to acquire certain properties constituting the northern half of the Los Azules project (the "Properties"). On that basis, TNR and Solitario have advanced a claim of breach of contract and intentional interference with economic relations, and seek the return of the Properties, or alternatively, damages as against the defendants or any of them. In addition, among other claims, TNR and Solitario seek rectification of a 2004 Exploration and Option Agreement with Xstrata (later assigned to MAI) to restore a right on the part of Solitario to back-in to up to 25% of the Properties any time within 120 days of the production of a feasibility study. TNR and Solitario also seek a declaration that Escorpio IV is owned solely by Solitario. Minera Andes and Xstrata oppose all of the claims advanced by TNR and Solitario. The case is not presently set for trial, but a trial is likely to be held in Vancouver, British Columbia, in 2012.

TNR and Solitario will be vigorously advancing their legal position and invite all shareholders to learn more about the case proceedings via the publicly available documents. The original Notice of Civil Claim, Application with amended claim, and Reasons for Judgment on an amendment application heard in May 2011 are available from the BC Supreme Court registry database (BC Online) and are hosted on TNR's webpage. www.tnrgoldcorp.com/s/LosAzules.asp

ABOUT TNR GOLD CORP. and  INTERNATIONAL LITHIUM CORP.
TNR is a diversified international mineral exploration company focusing on the advancement of existing properties and identifying and acquiring new prospective projects. TNR has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, is now held by TNR's now-listed subsidiary, ILC. TNR remains a large shareholder in ILC at 28% of outstanding shares.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the TNR and ILC's commitments to generating projects, diversifying its markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg President – TNR Gold Corp.

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.
CUSIP: #87260X 109
SEC 12g3-2(b): Exemption #82-4434
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.

Contact Information


TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com
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Wednesday, September 7, 2011

Brigus Gold Corp. reports higher grade gold assay results at Black Fox Mine.

9 hours ago by Business WireBrigus Gold Corp. ("Brigus" or the "Company") (NYSE Amex: BRD) (TSX: BRD) is pleased to announce that exploration drilling on the southern portion of the Black Fox Complex continues to return high-grade gold assays. Drilling at the Contact Zone ("Contact Zone"), 400 metres north of the recently discovered 147 Zone, has intersected 16.18 grams per tonne ("gpt") over 4.50 metres ("m") that included 83.04 gpt over 0.75m. To date, Brigus has outlined an area of mineralization approximately 400 m in strike length. The Zone remains open along strike to the north and open at depth.

Highlights from continued drilling at the Contact Zone include (all uncut, average gold grades over true widths):
Contact Zone
-- GF11-154: -- 6.09 gpt over 3.03 m; and
-- 3.32 gpt over 4.04 m; and
-- 2.19 gpt over 12.94 m
-- GF11-234: -- 6.95 gpt over 4.11 m; -- including 11.75 gpt over 1.46 m
-- GF11-236: -- 3.89 gpt over 3.51 m; and
-- 7.75 gpt over 1.76 m
-- GF11-245: -- 16.18 gpt over 4.50 m; -- including 83.04 gpt over 0.75 m
-- 1.30 gpt over 11.70 m; -- including 2.57 gpt over 3.00 m

The Black Fox Complex covers an area of approximately 18 square kilometres within the Timmins Mining District, Ontario. The Contact Zone consists of a steeply dipping gold mineralized fault contact between the north-south trending metasediments and mafic volcanic rocks, and other parallel hanging wall and footwall gold mineralized zones. The general dip of the feature is 78 degrees to the east with horizontal widths varying from 3.5 m to 35 m.

Drilling at the Black Fox Complex is progressing as planned with six drill rigs operating. Two drill rigs are infill drilling and testing along strike and down-dip on the Contact Zone, three drill rigs are expanding the 147 Zone, and one drill rig is focused on testing other known gold bearing structures, as well as new potential gold bearing targets defined from the recent induced polarization and magnetic geophysical surveys.

Details of the most recent Contact Zone drill holes are listed in Appendix 1 and a drill-hole location map is included in Appendix 2. All drill hole data is posted on the Company's website at www.brigusgold.com.
Surface drilling was conducted by Norex Drilling and was supervised by the Brigus exploration team. All sample analyses reported herein were performed by Polymet Labs of Cobalt, Ontario, which is ISO 9001:2000 certified in North America using standard fire assay procedures. 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
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, all in the Township of Black River - Matheson, Ontario, Canada. Brigus is also advancing its Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits. In Mexico, Brigus has a letter of intent to sell 75% of its Ixhuatan silver-gold projected located in the state of Chiapas. In the Dominican Republic, Brigus has a letter of intent to sell its remaining interests in three mineral exploration projects.

Cautionary and Forward-Looking Statements
Statements contained in this news release that 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 targeted gold production at its Black Fox Mine, including underground production, and cash costs, mill expansion results, meet capital construction schedules and costs, and the continuation of a rising gold price are forward-looking statements and estimates that involve various risks and uncertainties. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, 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 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 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.
Appendix 1: 2011 Drill Hole Assay Results at the Black Fox Complex's Contact Zone
Contact Zone 2011 Exploration Drilling
----------------------------------------------------------------------------------
   Hole ID      From           To           Core           Zone            Assay
                 (m)           (m)          Width          True            grams
                                             (m)         Width (m)       Au/tonne
-----------    ------        ------        -----        ---------        --------
  GF11-151     194.00        194.60         0.60           0.42            4.59
-----------    ------        ------        -----        ---------        --------
     and       256.50        257.50         1.00           0.70            2.06
-----------    ------        ------        -----        ---------        --------
     and       263.00        268.20         5.20           3.65            2.20
-----------    ------        ------        -----        ---------        --------
  GF11-154     381.25        385.00         3.75           3.03            6.09
-----------    ------        ------        -----        ---------        --------
     and       397.00        402.00         5.00           4.04            3.32
-----------    ------        ------        -----        ---------        --------
     and       477.00        493.00         16.00          12.94           2.19
-----------    ------        ------        -----        ---------        --------
  GF11-160     124.65        125.60         0.95           0.65            2.19
-----------    ------        ------        -----        ---------        --------
     and       289.00         296.5         7.50           5.16            2.10
-----------    ------        ------        -----        ---------        --------
  including    289.00        291.00         2.00           1.38            5.43
-----------    ------        ------        -----        ---------        --------
     and       324.00        325.00         1.00           0.69            3.57
-----------    ------        ------        -----        ---------        --------
     and       346.00        347.00         1.00           0.69            2.06
-----------    ------        ------        -----        ---------        --------
     and       498.00        499.00         1.00           0.69            2.34
-----------    ------        ------        -----        ---------        --------
  GF11-166      47.00         48.00         1.00           0.62            1.65
-----------    ------        ------        -----        ---------        --------
     and       206.30        207.15         0.85           0.53            1.17
-----------    ------        ------        -----        ---------        --------
     and       225.00        233.00         8.00           4.98            3.60
-----------    ------        ------        -----        ---------        --------
  GF11-234      78.00         79.00         1.00           0.88            5.28
-----------    ------        ------        -----        ---------        --------
     and        86.00         87.00         1.00           0.88            1.17
-----------    ------        ------        -----        ---------        --------
     and        90.85         95.50         4.65           4.11            6.95
-----------    ------        ------        -----        ---------        --------
  including     90.85         92.50         1.65           1.46            11.75
-----------    ------        ------        -----        ---------        --------
     and       138.45        140.45         2.00           1.77            1.20
-----------    ------        ------        -----        ---------        --------
  GF11-236      87.00         91.00         4.00           3.51            3.89
-----------    ------        ------        -----        ---------        --------
     and        97.00         98.00         1.00           0.88            1.30
-----------    ------        ------        -----        ---------        --------
     and       163.00        165.00         2.00           1.76            7.75
-----------    ------        ------        -----        ---------        --------
 GF11-245(1)    81.00         83.00         2.00           1.50            2.37
-----------    ------        ------        -----        ---------        --------
     and        88.00         94.00         6.00           4.50            16.18
-----------    ------        ------        -----        ---------        --------
  including     91.00         92.00         1.00           0.75            83.04
-----------    ------        ------        -----        ---------        --------
     and       101.00        108.00         7.00           5.26            2.21
-----------    ------        ------        -----        ---------        --------
     and       112.00        127.57         15.57          11.70           1.30
-----------    ------        ------        -----        ---------        --------
  including    112.00        116.00         4.00           3.00            2.57
-----------    ------        ------        -----        ---------        --------
(1) 60 assays pending
Appendix 2 available at: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6852184&lang=en
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6852184&lang=en

SOURCE: Brigus Gold Corp.
Brigus Gold Corp. 
Jennifer Nicholson, CA 
Vice President Investor Relations 
902-422-1421 
jnicholson@brigusgold.com
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