tag:blogger.com,1999:blog-34136617484174614322012-02-10T17:21:15.819-08:00Proactiveinvestors NewsProactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.comBlogger64221100tag:blogger.com,1999:blog-3413661748417461432.post-77839572910358290352012-02-10T09:51:00.000-08:002012-02-10T09:51:36.250-08:00The Singing Machine says sales rise 25% in Q3, profit jumpsKaraoke machine maker The Singing Machine Company (OTCBB: SMDM) said Friday third fiscal quarter sales rose around 25 percent year-over-year, leading to a rise in profits.
For the three months that ended December 31, 2011, the company reported net sales of around $8.6 million, versus $6.9 million a year earlier, on strong holiday season sales.
Net income for the period surged to $134,000, up Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-88632305341317288072012-02-10T09:43:00.000-08:002012-02-10T09:43:20.351-08:00Cayden Resources is upbeat on La Magnetita target at flagship Morelos Sur projectCayden Resources (CVE:CYD) could see some positive news flow coming out of its Morelos Sur project in the coming months, with particular emphasis on the La Magnetita target at the 100 percent-owned Mexican project, said president and CEO Ivan Bebek.
Formed in September 2010, the company has raised over $30 million in the first 15 months of being public.
Cayden is a junior resource Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-89604681506072014542012-02-10T09:34:00.001-08:002012-02-10T09:34:26.961-08:00Apella Resources begins new strategy with Lac Dore sale to Prestige Mining unitApella Resources (CVE:APA)(OTCQX:APAFF) said late Thursday that it sold its Lac Dore Vanadium-Iron-Titanium project to its 100 percent-owned Prestige Mining unit.
Under the terms of the sale agreement, Prestige Mining will pay Apella $1.5 million in a promissory note secured by 81.7 million non-restricted common shares in Prestige Mining.
The transaction is the first move within Apella's 2012Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-90896531970837612282012-02-10T09:30:00.000-08:002012-02-10T09:30:05.040-08:00Soligenix shares rally on positive results from phase 1/2 trial for SGX201Soligenix (OTCBB:SNGXD) unveiled Friday preliminary results from a phase one/two clinical trial testing SGX201, an oral drug for the prevention of acute radiation enteritis, a toxic side effect of radiation therapy in certain cancer patients.
The study found that SGX201 was both safe and well-tolerated across all four dose groups in the trial.
Investors cheered the news, with shares rising Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-21895526403206074582012-02-10T08:50:00.000-08:002012-02-10T08:50:59.314-08:00Eastmain Resources hits 1.5 metres of 60.49 g/t gold at Clearwater projectEastmain Resources (TSE:ER) reported Thursday drilling and trenching results from its Clearwater project in James Bay, Quebec.
Drilling in 2011 focused on testing the 850 West and Gap Zones, located just west of the Eau Claire gold deposit.
Sixty-eight holes were completed at 25 to 50 metre intervals, over an area 550 metres long, by around 300 metres wide, and to a vertical depth of more Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-14586458653841405182012-02-10T08:05:00.000-08:002012-02-10T08:05:12.916-08:00Selwyn Resources unveils drill results from ScoZinc mine in Nova ScotiaSelwyn Resources (CVE:SWN) said Thursday additional drill results from its 2011 drill program on the southwest extension of the Main Zone at the ScoZinc project in Nova Scotia have confirmed lead-zinc mineralization.
The ScoZinc Mine, a past producing zinc-lead mine in Nova Scotia that the company recently acquired for $10 million, has a measured and indicated resource of 2.8 million tonnes Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-76206046339438651272012-02-10T07:46:00.001-08:002012-02-10T07:46:50.306-08:00Quia Resources unveils more drill results from San Lucas, plans another 5,000 metres in H1Quia Resources (CVE:QIA) unveiled Thursday further drill results from its San Lucas project in Colombia, and provided an update to its 2012 exploration plans.
Highlights from holes 8 through 14 from the company's ongoing phase one drill program included 12.5 metres of 0.22 grams per tonne (g/t) of gold in hole SL1109; 4.5 metres of 1.50 g/t gold in hole SL1110; and 15.2 metres of 0.27 g/t Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-10350673903146387492012-02-10T07:35:00.001-08:002012-02-10T07:35:28.527-08:00Temex Resources hits 4.95 g/t gold over 20 metres near-surface at Whitney propertyTemex Resources Corp. (CVE:TME) unveiled Thursday the latest exploration results from its Whitney gold project in Ontario, which includes four kilometres of the prolific Timmins gold trend that remains the largest gold-producing district in Canada.
The junior explorer is currently undertaking an aggressive diamond drill program at the property to discover near-surface economic gold zones.Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-27533781561054926522012-02-10T07:28:00.000-08:002012-02-10T07:28:59.348-08:00Tasman Metals makes "metallurgical breakthrough" at Norra Karr, REE recovery over 90%Tasman Metals (CVE:TSM) (AMEX:TAS) said Thursday morning that it has made "signficant progress" in the development of a processing flow sheet for its Norra Karr heavy rare earth element (REE) and zirconium project in southern Sweden.
The "metallurgical breakthrough", as the Canadian mineral exploration company calls it, includes the preparation of a mineral concentrate with high REE recoveryProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-90156382704861766052012-02-09T12:24:00.000-08:002012-02-09T12:24:47.312-08:00Corvus Gold inks deal to acquire majority in Gerfaut propertyCorvus Gold (TSE:KOR) (OTCQX:CORVF) said Thursday it has inked a deal to acquire a majority interest in the Gerfaut property in northern Quebec from Les Resources Tectonic Inc (LRT).
The property is located along a major shear zone that has focused gold mineralization within favourable host units, said Corvus.
The mineralizing environment at Gerfaut has similarities to more classic Abitibi Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-85497308231917972382012-02-09T11:57:00.000-08:002012-02-09T11:57:56.197-08:00Southern Arc finds 17 new porphyry copper-gold targets after study at West LombokSouthern Arc Minerals (CVE:SA) (OTCQX:SOACF) said Thursday it has completed a prospectivity study to identify copper-gold porphyry exploration targets at its West Lombok project in Indonesia.
The study found 17 new porphyry exploration targets throughout the property, with the company already starting drill testing on priority targets. Southern Arc said it will continue to evaluate these Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-23210013955608442732012-02-09T10:11:00.000-08:002012-02-09T10:11:49.564-08:00Goldrush Resources hits 4.49 g/t gold over 17 metres at Ronguen depositCanadian gold explorer Goldrush Resources (CVE:GOD) unveiled Thursday drill results from the final 16 reverse circulation holes at its Ronguen gold deposit in Burkina Faso, West Africa, along with results from the first core hole of an infill drilling program at the site.
The results reported today formed part of a fall 2011 116-hole drill program at the property, including 98 reverse Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-65509042929360857912012-02-09T10:05:00.000-08:002012-02-09T10:05:43.603-08:00Tethys Petroleum puts out tender for seismic work in TajikistanCentral Asia focused Tethys Petroleum (TSE:TPL) expects to mobilise a rig to drill a deep well in Tajikistan before the end of the year, the firm said today as it updated about activities in the country.
It has put out a tender to find a group to complete the final seismic programme at the Bokhtar PSC (production sharing contract).
This additional seismic work will involve around 870km inProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-45366206038134490032012-02-09T07:39:00.000-08:002012-02-09T07:39:31.698-08:00Sage Gold provides update for Clavos deposit operations, updated resource expected shortlySage Gold (CVE:SGX) provided Wednesday an update on its operations at the Clavos gold deposit, located in Timmins, Ontario.
The company said it has completed the $3.0 million expenditure required under its earn-in agreement with St. Andrew Goldfields (TSE:SAS), in order to earn a 60 percent interest in the deposit.
Sage said it has sent the expenditure data to St. Andrew for approval.
In additionProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-63732292555615937282012-02-09T07:24:00.000-08:002012-02-09T07:24:24.849-08:00NeoStem to present at 2 New York conferences this monthBiopharmaceutical company NeoStem (NASDAQ:NBS) said Wednesday that it will be presenting at two upcoming conferences this month in New York.
The company, founded in 1980 and with about 611 employees, develops cellular therapies for oncology, immunology and regenerative medicines in China and the United States.
It provides adult stem cell collection, processing, and storage services that allow Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-84818194201232408362012-02-09T07:19:00.000-08:002012-02-09T07:19:52.156-08:00Rodinia Lithium going full steam ahead in 2012 with Diablillos projectWith news of the drilling of its first production well, 2012 looks set to be a busy one for Rodinia Lithium (CVE:RM), the development-stage Canadian mineral exploration company focused on lithium assets in North America and Argentina and Nevada, USA.
The lithium explorer has interests in four salars - salt deposits - in Argentina. The key salar property is Diablillos, where the company holds Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-70838011048480501212012-02-09T07:11:00.001-08:002012-02-09T07:11:48.089-08:00Pressure BioSciences closes $800,000 private placement financingLife sciences company Pressure BioSciences (NASDAQ:PBIO) said Wednesday it has closed on an $800,000 private placement financing.
The placement consisted of the sale of 971,867 shares of restricted common stock, and 485,937 warrants to purchase further common stock.
Seven existing investors, including the company's CEO, chairman, and two investors from Pressure BioSciences' November 2011 Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-56321233764218234632012-02-08T21:05:00.001-08:002012-02-08T21:05:49.372-08:00African Energy Resources’ stocks jump 15% as company moves to pre-development at SeseAfrican Energy Resources’ (ASX: AFR) shares went against the ASX trend today, gaining 15% to $A0.46, with nearly 4.3 million shares changing hands as of 3.33pm (AEDT).
The company has been on an upwards share trajectory since mid-December last year as it moves from exploration to pre-development at its Sese Thermal Coal Project in Botswana.
Last week African Energy Resources upgraded Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-72507207664488463812012-02-08T21:01:00.000-08:002012-02-08T21:01:28.852-08:00Blackham Resources drills to extend Resource at Matilda Gold MineBlackham Resources (ASX: BLK) has commenced a maiden drilling program at the Matilda Gold Mine following the recent release of an initial JORC Resource.
A total of 2,000 metres of reverse circulation drilling will be carried out at Matilda, which has not been drilled in more than 15 years.
In January, Blackham confirmed an Inferred Resource for the Matilda Gold Project of 10.2 million Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-4696006416764375492012-02-08T20:59:00.000-08:002012-02-08T20:59:27.048-08:00Oro Verde trades at 10% premium in first week of new company directionOro Verde (ASX: OVL) has received a positive market response in its first week of trade with shares hitting A$0.22, a 10% premium to the $0.20 entry price.
The company, formerly named Ezenet, re-listed on the ASX last Friday 3 February after its transition from a software and services company to a gold and copper focused explorer operating in Chile.
Oro Verde has some highly prospective Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-82047899342983982392012-02-08T17:37:00.001-08:002012-02-08T17:37:59.963-08:00GBM Resources identifies new porphyry copper gold mineralisation at Mount MorganGBM Resources (ASX: GBZ) has discovered a new porphyry-style copper gold deposit near the company’s Mount Morgan Project, with rock chip samples returning up to 39% copper, 8.5 grams per tonne (g/t) gold and 44g/t silver.
Recent surface sampling and mapping at the Sandy Creek prospect within the Mount Morgan project area has defined a large zone of anomalous copper and gold, with Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-46067217521486765082012-02-08T17:05:00.000-08:002012-02-08T17:05:19.383-08:00Augur Resources: Zodiac Resources meets farm in milestone at Yeoval copper, gold projectAugur Resources’ (ASX: AUK) farm-in partner Zodiac Resources has met the A$300,000 initial farm‐in drilling condition for the Yeoval copper‐gold project in central New South Wales.
Under the previously announced agreement, Zodiac must now make a $450,000 option payment to Augur by 4 April 2012 if the company decides to continue to explore the project’s tenements.
To acquire a 75% Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-129067566669549032012-02-08T16:52:00.000-08:002012-02-08T16:52:51.598-08:00Aphrodite Gold receives positive Scoping Study to become cost competitive gold producer in WAAphrodite Gold (ASX:AQQ) commissioned a Scoping Study to determine a preferred mining and processing scenario for monetising the Aphrodite Gold deposit near Kalgoorlie, the results of which are a blueprint to develop a cost competitive gold operation.
The deposit, which is located 65 kilometres north of Kalgoorlie has a current inferred resource of 1.03 million ounces of gold.
Tetra Tech Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-26973605597008780852012-02-08T16:26:00.000-08:002012-02-08T16:26:11.447-08:00Mutiny Gold chairman increases stake with on market tradeMutiny Gold (ASX: MYG) chairman Frank Lawson has increased his indirect stake in the company, buying 100,000 shares in an on-market trade for a consideration of $7,300 - providing an average entry price of $0.073.
Lawson currently holds a direct stake of 4.13 million shares and one million November 2012 $0.10 options, plus an indirect stake of 1.1 million shares.
Mutiny is currently in a Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-48437329595248441632012-02-08T15:56:00.000-08:002012-02-08T15:56:41.896-08:00Pan Asia Corporation's receives ASX speeding ticket after 82% share spikePan Asia Corporation (ASX: PZC) has received a price and volume speeding ticket form the ASX after the company's shares hit an intra-day high of $0.195 yesterday, up 82% from the closing price on Monday 30 January.
Pan Asia responded to the ASX saying that it was not aware of any material information that has not been released to the market, which may explain the sudden investor interest.
Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-90311406521831686572012-02-08T11:22:00.000-08:002012-02-08T11:22:20.700-08:00Rock Tech Lithium hits 1.2% lithium oxide over 8.84 metres at Georgia LakeRock Tech Lithium (CVE:RCK) unveiled Wednesday the remaining drill results from the second phase of its exploration program at the company's Georgia Lake lithium project in Ontario. The results reported Wednesday are from seven holes drilled on the spodumene-pegmatite dyke, located on the Nama Creek claim block, the company said. The aim of the second phase of the program was to add new resources to the NI 43-101 compliant estimate announced in October last year, of 2.36 million indicated tonnes of 1.17% lithium oxide (Li2O) and 4.36 million inferred tonnes of 1.08% Li2O. The resource estimate was based on the spodumene-bearing pegmatite dykes located on the Nama Creek and Conway claim blocks. Highlights of the latest drill results include 1.20% Li2O over 8.84 metres, 1.11% Li2O over 3.10 metres, and 0.82% Li2O over 1.0 metres in drill hole NC-11-23. Drill hole NC-11-24 intersected 1.44% Li2O over 4.57 metres, 0.81% Li2O over 2.70 metres, 1.33% Li2O over 2.0 metres and 0.79% Li2O over 2.0 metres. Other notable results included 1.44% Li2O over 5.83 metres, 1.11% Li2O over 3.14 metres, 0.70% Li2O over 1.58 metres, 1.70% Li2O over 1.0 metres, and 1.53% Li2O over 0.84 metres in drill hole NC-11-25. In addition, hole NC-11-27 encountered 1.22% Li2O over 5.77 metres and 1.25% Li2O over 1.0 metres, while hole NC-11-28 hit 1.30% Li2O over 2.0 metres, 1.45% Li2O over 1.58 metres and 1.50% Li2O over 1.07 metres. Finally, hole NC-11-29 returned 1.09% Li2O over 6.0 metres, 1.17% Li2O over 4.0 metres and 1.18% Li2O over 2.51 metres. "With the complete set of assay results from Phase 2 of our exploration program received from the lab, we now look forward to an updated NI 43-101 compliant resource estimation from Caracle Creek International Consulting," said president and CEO, Eunho Lee. "These results, in conjunction with the positive metallurgy, excellent infrastructure and a strong, mutually beneficial working relationship with the local First Nations, reaffirm our confidence in the potential of our Georgia Lake lithium project." The company said that the second phase drilling also found anomalous values of rare metals, including rubidium, beryllium, cesium, niobium and tantalum. The program consisted of 4,608 metres of diamond drilling over eighteen drill holes in addition to sixteen channel samples, testing pegmatite dykes located on the Nama Creek, Conway and Newkirk claim blocks. Rock Tech has already reported very high purity levels from the property earlier this year. In late September last year, the company achieved a purity level of 99.988% lithium carbonate (Li2CO3) from a bulk sample. Battery manufacturers require a purity level of at least 99.5% Li2CO3. Besides the battery industry, lithium has many uses, including heat-resistant glass and ceramics, casting for HVAC products, additives for greases and oil products, aluminum production, and as a pharmaceutical mood stabilizer. The Georgia Lake lithium property, located some 145 kilometers northeast of the city of Thunder Bay, Ontario, consists of four claim blocks covering 11,481 hectares.Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-31504811568124459352012-02-08T10:46:00.000-08:002012-02-08T10:46:50.937-08:00Century Iron Mines completes earn-in of 51% stake in Attikamagen projectCentury Iron Mines (TSE:FER) said Wednesday that it has completed the earn-in of its 51 percent interest in the Attikamagen project, located 20 kilometres northeast of Schefferville, straddling the boundary between the provinces of Quebec and Newfoundland and Labrador.
Under the terms of an option and joint venture agreement with Champion Minerals (TSE:CHM), Champion has signed, and Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-34863035830631125992012-02-08T10:27:00.000-08:002012-02-08T10:27:45.667-08:00inShare Pdf Cadillac Ventures starts updated resource estimate for K1-1 depositCadillac Ventures (CVE:CDC) said Wednesday it has started an updated mineral resource estimate for its K1-1 deposit, following the receipt of results from 26 drill holes recently completed at the site.
The K1-1 project is located roughly three kilometres to the east of the company's Thierry Mine project in northwestern Ontario, both being within the boundaries of the 11,538 acre Thierry Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-55301138832481178662012-02-08T10:11:00.000-08:002012-02-08T10:11:12.089-08:00Great Panther Silver appoints independent chairmanGreat Panther Silver (TSE:GPR) said Tuesday it has appointed chartered accountant R.W. Garnett as independent chairman to the company’s board of directors.
Garnett has served as an independent director of the company since May 3, 2011, and is chairman of Great Panther’s audit committee.
He was recently the vice-chair of the South Coast British Columbia Transportation Authority, and serves on Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-85465134398643704992012-02-08T09:59:00.000-08:002012-02-08T09:59:23.762-08:00ImmunoCellular says 2011 "best year yet", busy 2012 aheadImmunoCellular Therapeutics (OTCBB:IMUC) called 2011 "its strongest year yet" in a letter to shareholders released on Tuesday, as it initiated its phase two study of its lead product candidate, ICT-107, and announced one of the largest financings in the company’s history.
The positive reinforcement led to a 18.18 percent spike in the company's stock, to $1.95 per share, on the OTC Bulletin Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-49989902971499908282012-02-08T09:33:00.000-08:002012-02-08T09:33:00.998-08:00inShare Pdf Great Western provides operational update, Steenkampskraal progressesGreat Western Minerals Group (CVE:GWG) provided investors with an update to its exploration and mining operations on Tuesday, including at its flagship Steenkampskraal mine in South Africa.
As it announced late last month, Great Western completed the first phase of its exploration program at the 474-hectare, former-producing Steenkampskraal rare earth property in South Africa.
The drill Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-22049385717398400072012-02-08T09:17:00.000-08:002012-02-08T09:17:15.992-08:00Bacterin promotes Nick Navarro to national sales managerBacterin International Holdings (NYSE:BONE) said Tuesday that it has promoted Nick Navarro to national sales manager.
The company, which has about 117 employees, develops bone graft material and antimicrobial coatings for medical applications.
Its products are used to enhance fusion in spine surgery, back pain relief with a facet joint stabilization, promotion of bone growth in foot and Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-11027633383766824392012-02-08T09:02:00.000-08:002012-02-08T09:02:31.994-08:00WestStar Resources completes IP survey at La Paloma, plans for 2,000m drill programWestStar Resources Corp. (CVE:WER) said Tuesday that it has completed the induced polarization/resistivity survey at its La Paloma property in the state of Jalisco, Mexico, and has begun planning for the upcoming diamond drill program at the site.
The property is located approximately 70 kilometres west of the city of Guadalajara.
The IP/Resistivity survey at La Paloma consisted of a total Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-33477493682975640352012-02-08T08:39:00.000-08:002012-02-08T08:39:27.226-08:00Kilo Goldmines names Stuart Thomson as VP operationsKilo Goldmines (CVE:KGL) said Tuesday it appointed chemical and materials engineer Stuart Thomson as vice president of
operations.
Thomson, who originates from New Zealand, has more than 20 years of experience within the resource sector. His appointment is subject to regulatory approval.
Under his new role, Thomson will be in charge of studies to support the development of the resourceProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-64328269930273709632012-02-07T13:16:00.000-08:002012-02-07T13:16:12.718-08:00Ocean Equities says Sunridge's new Emba Derho estimate is "encouraging"Ocean Equities reacted positively to the news that junior explorer Sunridge Gold (CVE:SGC)(OTCQX:SGCNF) increased resources within its Asmara project in Eritrea on Monday.
Monday, Sunridge received a new independent resource estimate, showing a significant increase in size for the Emba Derho volcanogenic massive sulphide (VMS) deposit.
Sunridge said that measured and indicated resources at EmbaProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-51468897013279331792012-02-07T13:12:00.000-08:002012-02-07T13:12:56.100-08:00Rodinia Lithium starts drilling first production well at DiablillosRodinia Lithium (CVE:RM) (OTCQX:RDNAF) said Tuesday that a drill has been mobilized to start the drilling of the first production well at its Salar de Diablillos lithium brine project in Salta Province, Argentina.
The first production sized well is to be drilled in the vicinity of DRC-01, which intersected averages of 713 mg/L lithium (Li), 9,000 mg/L potassium (K), and 543 mg/L boron (B) Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-87383311632076901882012-02-06T22:18:00.000-08:002012-02-06T22:18:44.870-08:00Empire Energy Group hits oil production milestone in AppalachiaEmpire Energy Group (ASX:EEG) has reached a production milestone in northern Appalachia, U.S., after flowing oil a rate of 80 barrels per day (bpd) from the first well in a planned workover program.
Besides increasing Empire Energy’s oil production by just over 10%, the flow of oil is also a big boost to its Appalachian production, which had previously averaged about 7 million cubic feet Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-11833246822146409012012-02-06T22:12:00.000-08:002012-02-06T22:12:22.865-08:00Empire Resources: gold find alongside high grade copper enhances Yuinmery economicsEmpire Resources (ASX: ERL) has returned gold assays from recent drilling at the A Zone deposit, part of the company’s Yuinmery Project Copper-Gold project in Western Australia.
The company followed up on yesterday’s announcement of high grade copper at depth with gold results, with a peak intercept from the two diamond drill holes of 3 metres at 3.3 grams per tonne (g/t) gold.
Results Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-51537592298456738782012-02-06T21:10:00.001-08:002012-02-06T21:10:42.499-08:00Peninsula Energy chairman talks to Proactive Investors in Stocktube VideoPeninsula Energy's (ASX:PEN) executive chairman Gus Simpson tells Proactive Investors what is in store for the company in 2012.
He also provides an insight into the uranium market, post Fukushima.
The company could be in production late 2012, early 2013.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/24948/Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-82231005517899802372012-02-06T21:04:00.000-08:002012-02-06T21:04:28.177-08:00Lachlan Star keeps the broad gold strikes coming with 220m at Tres Perlas in ChileLachlan Star (ASX: LSA, TSX: LSA) continues to unearth broad intersections of gold at the Tres Perlas deposit, confirmed with further assays from drilling at its wholly owned CMD Gold Mine in Chile.
Highlight intersections include:
- 220 metres at 0.53 grams per tonne (g/t) gold from 0 metres, including 110 metres at 0.77g/t from 78 metres;
- 215 metres at 0.41g/t gold from 19 metres, Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-1509651441462900872012-02-06T19:32:00.000-08:002012-02-06T19:32:32.164-08:00Empire Resources increases sale price of Penny’s Find to $3m; focus on Yuinmery copper gold projectEmpire Resources (ASX: ERL) has renegotiated a sale agreement for the Penny’s Find Gold Project, with the sale price for a 100% interest in the project increasing to $3 million from $2 million.
The agreement, with unlisted company Brimstone Resources, was originally formed in September 2010.
Penny’s Find has a JORC Resource of 314,000 tonnes averaging 5.2 grams per tonne (g/t) gold down toProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-12696965666217999572012-02-06T19:25:00.000-08:002012-02-06T19:25:26.219-08:00Kentor Gold: Murchison project on schedule for June 2012 first gold pour milestoneKentor Gold (ASX: KGL) is set to join the ranks of Australian gold producers in less than five months, with the company on schedule for the first gold pour from the Murchison gold project in June 2012.
Initial production rates are forecast at 24,000 ounces per year from a combination of open pit and underground mining - and based on the current US$1720 spot price this would create gross Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-74271561950183768902012-02-06T17:56:00.000-08:002012-02-06T17:56:29.719-08:00Investigator Resources eyes maiden silver resource at Paris prospect in mid-2012Investigator Resources (ASX: IVR) has received the first assays for its recent diamond and reverse circulation percussion drilling at the Paris prospect on the Eyre Peninsula which have returned high grade intersections including 4 metres at 1,383 grams per tonne (g/t) silver from 140 metres.
Other highlights include 11.6 metres at 3,847g/t silver from 63.5 metres, including the stunning Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-55368908159720416152012-02-06T17:51:00.001-08:002012-02-06T17:51:50.340-08:00Polymetals Mining eyes potential 55% increase in half year profitPolymetals Mining (ASX: PLY) has lifted its expected profit for the six months to December 2011 from the previous corresponding period.
The company expects net profit after tax to be in the range of $4.5-$5.1 million, compared to $2.9 million in the six months to December 2010.
This equates to an increase of 55% at the lower end of the range, up to 76% at the upper end.
These figures will be Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-49545082887293690492012-02-06T17:50:00.000-08:002012-02-06T17:50:07.688-08:00Gunson Resources adds A$2.4m to its coffers, steps on the gas at CoburnGunson Resources (ASX: GUN) has successfully raised A$2.4 million to further advance its Coburn Zircon Project in Western Australia.
With permitting in place and a Feasibility Study completed, Gunson has been stepping on the throttle in its bid to start construction at Coburn.
Coburn is strategically located, with regional infrastructure nearby including a major highway, natural gas Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-65185145729467717222012-02-06T17:47:00.000-08:002012-02-06T17:47:38.840-08:00PanTerra Gold drills for copper, molybdenum, gold at Vittoria prospect in EcuadorPanTerra Gold (ASX: PGI) has commenced drilling on the Vittoria prospect, with 5,000 metres planned to test the 140 hectare anomaly.
Vittoria is one of six potential open pit mining prospects identified by Canadian geologists, Buscore Consulting, within the 2200 hectare San Gerardo concession.
Geochemical soil sampling at Vittoria identified elevated levels of copper, molybdenum and gold.
Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-48360161873903669132012-02-06T17:42:00.000-08:002012-02-06T17:42:24.666-08:00Elementos continues to build Chilean presence with option over prospective copper mineElementos (ASX:ELT) has secured an option to earn a 50% interest in a copper exploration project located in a major copper-gold district in central Chile from HMC Gold.
The company can earn the stake by spending US$7 million (A$6.5 million) on exploration and development over three years.
The option covers the Cerrilo Tamaya (Tamaya) copper project in Chile which comprises 5,690 hectares Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-45460928449078281412012-02-06T17:37:00.000-08:002012-02-06T17:37:54.156-08:00Phoenix Gold: Early success from 55,000m campaign with Castle Hill strike extensionPhoenix Gold (ASX: PXG) has outlined an extensive 55,000 metre drilling campaign to be completed over the next year, which is already bearing fruit with the gold strike zone extended at the Castle Hill Project in the Goldfields region of Western Australia.
The drilling has been successful in confirming continuity of mineralisation over 600 metres to the north increasing the strike length Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-85996900265520429082012-02-06T17:26:00.000-08:002012-02-06T17:26:49.497-08:00IMX Resources identifies coarse, high grade magnetite from Tomahawk prospectIMX Resources (ASX: IXR) can achieve a concentrate of up to 65% iron at a coarse grind size from the Tomahawk iron ore prospect, based on results from initial Davis Tube Recovery testwork.
Preliminary metallurgical assessment of magnetite samples from Tomohawk indicate that the high grade concentrate can be achieved at a grind size of 250 microns, through a simple magnetic separation Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-80215047934046776072012-02-06T17:20:00.000-08:002012-02-06T17:20:03.140-08:00Ventnor Resources: A$3.4m placement to advance copper exploration at Thaduna Green DragonVentnor Resources (ASX: VRX) which recently impressed with some very high grade copper intersections at the Thaduna and Green Dragon project in phase three drilling, has now raised capital to progress the highly anticipated phase four campaign.
Ventnor placed 5.8 million shares to professional and sophisticated investors at $0.58 to raise around $3.4 million.
The phase four drilling Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-2362928767386008642012-02-06T17:13:00.001-08:002012-02-06T17:13:57.568-08:00Auzex Resources nets A$1.33m to advance Bullabulling gold projectAuzex Resources (ASX: AZX) will raise about $1.33 million through an underwriting agreement with BBY Limited for the listed A$0.13 options due to expire at 5pm (AEDT) on 13 February 2012.
The funds will be used to advance the work program on the Bullabulling Gold project, complete the merger with GGG Resources (ASX: GGB, LON: GGG) and provide working capital.
Importantly, this new cash Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-44232637584216641652012-02-06T17:12:00.000-08:002012-02-06T17:12:08.186-08:00Hastings Rare Metals rated as speculative buyHastings Rare Metals (ASX: HAS) has been valued as a “speculative buy” by a research house, based on the Hastings Project’s high grade heavy rare earth oxide content.
The report also cited the expertise brought to the company by the October 2011 appointment of Steve Mackowski, a rare earth elements mineral processing engineer with hands on experience in processing.
The following is an Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-63257398218115077032012-02-05T22:02:00.001-08:002012-02-05T22:02:37.226-08:00Energio advances towards maiden iron ore resource at Agbaja with further drill resultsEnergio (ASX: EIO) has received its third batch of assays from the 200 drill holes completed to date at its Agbaja Iron Ore Exploration Project in Nigeria which indicate the thickness of intersections average about 3 metres thicker in the main ore body when compared with the initial results.
The grade and thickness of the ore body is consistent with previous results, with latest assays Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-66980486306542797182012-02-05T21:05:00.001-08:002012-02-05T21:05:41.498-08:00Syndicated Metals copper gold intersections continue at Kalman near Mt IsaSyndicated Metals (ASX: SMD) has discovered some clusters of near surface high grade copper-gold values at the Kalman deposit, which is an advanced molybdenum-rhenium and copper-gold deposit covering 700 square kilometres in the mineral-rich Mt Isa region.
All results from the 2011 ten hole reverse circulation drilling program have been received, which are from the southern end of the Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-88190637999887421242012-02-05T21:03:00.000-08:002012-02-05T21:03:34.666-08:00PanTerra Gold conserves US$1m in working capital through share placement to contractorPanTerra Gold (ASX: PGI) will issue about 5 million shares at an average price of A$0.1875 each to Harold Machinery S.A., the civil engineering contractor on its Las Lagunas gold project in the Dominican Republic.
Importantly, the agreement will effectively provide an additional US$1 million of working capital during the ramp-up phase of the Las Lagunas project.
Harold Machinery has been Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-15037599351635632712012-02-05T21:01:00.000-08:002012-02-05T21:01:28.326-08:00Empire Resources: High grade depth potential confirmed at Yuinmery with 3m at 4% copperEmpire Resources (ASX: ERL) has intersected high grade copper at depth at the advanced Yuinmery Copper Gold Project in Western Australia, confirming the continuation of the mineralisation.
Assays from two recent diamond core holes at the A Zone deposit returned:
- 8 metres at 2.4% copper from 274.8 metres, including 6 metres at 3% copper which contains 3 metres at 4% copper; and
- 7 metres Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-16810662970896518662012-02-05T20:59:00.000-08:002012-02-05T20:59:18.742-08:00Oro Verde kicks off gold drilling at Vega, accelerated by good ground conditionsOro Verde (ASX: OVL), formerly Ezenet, is rapidly advancing its first phase 8-hole, 2,500 metre drilling program at the Vega Gold Project due to good ground conditions and the vertical nature of the first few holes.
The first two holes have intersected highly altered sulphidic diorite porphyry.
Oro Verde began a reverse circulation drilling program at the Vega Project in the El Indio GoldProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-90956121142810235062012-02-05T18:21:00.000-08:002012-02-05T18:21:15.232-08:00Elementos acquires option over highly prospective copper project in ChileElementos (ASX: ELT) has secured an option to acquire a 90% interest in the Mercedes copper project in northern Chile, which is located close to a cluster of world-class porphyry deposits 60 kilometres east of the Chiquicamata mining district.
Mercedes comprises 8,589 hectares of mining concessions and 21,200 hectares of exploration permit applications near to a region hosting large mines Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-43072006338426531742012-02-05T18:19:00.000-08:002012-02-05T18:19:24.005-08:00ABM Resources completes $15.1 million placement, well funded for gold exploration and developmentABM Resources (ASX: ABU) has successfully raised $15.125 million through a share placement, strengthening its financial position and supporting advancement of its gold projects.
The placement, which comprised 275 million shares at $0.055, has been well supported by institutional and sophisticated investors in Australia and internationally.
ABM managing director Darren Holden has Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-58488819029587684182012-02-05T17:25:00.000-08:002012-02-05T17:25:01.792-08:00Black Fire Minerals: resource potential increases at Pilot Mountain with latest drill resultsBlack Fire Minerals (ASX: BFE) has delivered to the market some very promising tungsten and copper intersections in just the first two holes of an 18 hole program at the Pilot Mountain Tungsten-Copper Project located in Nevada, U.S.
At the Desert Scheelite Prospect, tungsten mineralisation has been intersected in expected positions, and importantly these confirm results from historic drillProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-63747660438786907652012-02-05T17:22:00.000-08:002012-02-05T17:22:53.941-08:00Central Petroleum raises A$9.9m to appraise Surprise-1 discovery, plans oil salesCentral Petroleum (ASX:CTP) has secured funds needed to appraise the potentially company-making Surprise-1 oil discovery in the Amadeus Basin, Northern Territory, with its successful A$9.9 million share purchase plan.
The placement of 50 million new shares priced at A$0.055 each to existing institutional, sophisticated and professional shareholders was managed by Patersons Securities and Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-55925368520673334422012-02-05T17:20:00.000-08:002012-02-05T17:20:09.216-08:00Stellar Resources advances towards BFS at Heemskirk with up to A$5.7m capital raisingStellar Resources (ASX: SRZ) has raised A$3.1 million to advance its wholly owned Heemskirk Tin Project toward the completion of a Bankable Feasibility Study.
The company has placed 39.2 million fully paid ordinary shares with institutional and sophisticated private clients of Taylor Collison at $0.08 per share.
Stellar is also offering eligible shareholders the opportunity to participateProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-23537617844564951092012-02-05T17:07:00.001-08:002012-02-05T17:07:43.606-08:00Exco Resources intersects 1.69% copper at Cloncurry, generates new targetsExco Resources (ASX: EXS) is set to expand exploration activities at the Northwest Queensland package, with a data acquisition phase advancing.
New managing director Geoff Laing told Proactive Investors that Exco’s focus is on exploration in Queensland, to maintain the company’s self-sustaining position and replace cash flow from the White Dam gold project.
“For me the focus is very much on Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-54796887330386975062012-02-05T17:05:00.000-08:002012-02-05T17:05:59.638-08:00NSL Consolidated advances closer to first iron ore sales from its Indian projectsNSL Consolidated (ASX: NSL) is nearing completion of the commissioning of its US$2.3 million Kurnool iron ore beneficiation plant project in India ahead of first iron ore sales.
During the December quarter, site works and the installation of a phase one conventional three stage crushing and dry separation plant progressed at the 200,000 tonne per annum beneficiation plant.
Importantly, Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-23961504189294032982012-02-05T16:44:00.001-08:002012-02-05T16:44:41.879-08:00Toro Energy launches SPP to boost $10.5m pot for advanced uranium projectsToro Energy (ASX: TOE) has launched a Share Purchase Plan to raise funds for progressing the company’s advanced stage uranium projects, Theseus and Wiluna, in Western Australia.
Uranium explorer and developer Toro finished the December quarter with A$10.5 million cash. The company now has the chance to increase this by launching the share purchase plan.
Toro is offering shareholders the Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-65331714636948756882012-02-05T16:40:00.000-08:002012-02-05T16:40:08.090-08:00Hastings Rare Metals in pre open pending capital raising announcementHastings Rare Metals (ASX: HAS) has been granted a trading halt by the ASX pending the release of a proposed capital raising announcement, with the company's shares placed in pre-open.
Hastings has not yet indicated where the potential inflow of funds will be allocated, but the company is a very interesting one with some highly prospective projects in Western Australia.
These include the Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-58448979847570326222012-02-05T16:32:00.000-08:002012-02-05T16:32:29.283-08:00IronClad Mining snags former Brockman Resources MD to lead the companyIronClad Mining (ASX: IFE) has appointed former Brockman Resources (ASX: BRM) managing director and BHP Billiton (ASX: BHP) senior executive Wayne Richards to head up the company.
Richards will join the company as managing director on 1 March to spearhead development of the Wilcherry Hill iron ore project on South Australia’s Eyre Peninsula.
Among his accomplishments, Richards was most Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-62122134286361950152012-02-05T16:20:00.000-08:002012-02-05T16:20:52.201-08:00Peak Resources: 95.51m at 5.06% rare earth oxide, maiden JORC on schedule for MarchPeak Resources (ASX: PEK) eagerly anticipated maiden JORC Resource at the Ngualla Rare Earth Project in southern Tanzania has received yet another boost, with more broad rare earth oxide intersections, along with niobium – tantalum and phosphate mineralisation.
Only 6% of assays are now outstanding, which when received will be added to the resource calculations, with the JORC remaining on Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-59746090849038451272012-02-03T09:03:00.000-08:002012-02-03T09:03:18.036-08:00Focus Metals appoints new board memberJunior miner Focus Metals (CVE:FMS) has appointed professional geoscientist Marc-André Bernier to its board of directors effective immediately, the company said Thursday.
Bernier has 27 years of applied geoscientific research and project management experience.
Currently, he is a senior geoscientist for Chibougamau-based Table Jamésienne de Concertation Minière (TJCM) at its applied research Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-60954558922141271912012-02-03T08:46:00.000-08:002012-02-03T08:46:55.313-08:00Prophecy Coal provides update on Chandgana power plant project statusProphecy Coal Corp. (TSE:PCY) (OTCQX:PRPCF) provided Tuesday an update on its proposed 600 megawatt (MW) Chandgana power plant project in Mongolia, relating to the engineering, procurement, and construction (EPC) contract, the power purchase agreement and project financing.
Earlier this month, the company released the results of a feasibility study on the Chandgana Mine-Mouth power plant Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-21243420527936608672012-02-03T08:40:00.000-08:002012-02-03T08:40:31.896-08:00Southern Arc on the hunt for resources at West Lombok in IndonesiaSouthern Arc (CVE:SA) (OTCQX:SOACF) is a Canadian gold explorer focused on developing four properties in Indonesia that include the West Lombok Project on the island of Lombok, and the Sabalong, Taliwang and East Elang Projects on the island of Sumbawa. These projects contain a mix of epithermal gold and copper-gold porphyry targets that are all located at the southern end of Indonesia’s arcProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-35404801381819215662012-02-03T08:29:00.000-08:002012-02-03T08:29:50.400-08:00Bayfield Ventures extends main zone 700 metres east at Burns Block, more drilling aheadBayfield Ventures (CVE:BYV) is a junior exploration company aggressively exploring its flagship Burns Block gold-silver property in the Rainy River District of northwestern Ontario. The 80-acre Burns Block, which is owned 100 percent by Bayfield, is located adjacent to the east and on strike to Rainy River Resources' (TSE:RR) multi-million ounce gold deposit.
Rainy River's June 2011 NI 43-101Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-51268064557023501202012-02-03T08:24:00.000-08:002012-02-03T08:24:41.612-08:00Sage Gold outlines hefty resource at Clavos, PEA expected in Q1Sage Gold (CVE:SGX) (OTC:SGGDF) is a mineral explorer and developer that is focused on becoming a near term gold producer at the Clavos Mine that is located within the Timmins gold camp in Ontario. The company has also established a joint venture to fast track the development of the Solomon’s Pillars Project, and holds nearby interests in the highly prospective Beardmore-Geraldton gold Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-65416627416830983502012-02-03T08:20:00.000-08:002012-02-03T08:20:27.611-08:00Fission Energy among Versant Partners' 2012 top stock picksFission Energy (CVE:FIS) has been named one of the top picks for 2012 by capital markets firm Versant Partners, as Versant is expecting an "inevitable consolidation" from the uranium explorer.
Fission is engaged in the acquisition and exploration of uranium properties in Alberta, Saskatchewan and Quebec in Canada, as well as the Macusani District in Peru.
Versant has a "speculative buy" Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-3560224575042693592012-02-03T07:41:00.000-08:002012-02-03T07:41:26.473-08:00Southern Arc hits 2.0 metres of 36.1 g/t gold at West Lombok propertySouthern Arc Minerals (CVE:SA) (OTCQX:SOACF) announced Wednesday final drill results from a phase one program at its Waterfall target, part of the Mencanggah prospect on the company's West Lombok property in Indonesia.
At Waterfall, 27 drill holes totalling 6,634 metres were completed, testing for the presence of high-grade shoots at depth. The company said the results confirm multiple Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-79766894791553405502012-02-03T07:35:00.000-08:002012-02-03T07:35:48.626-08:00Tournigan says Kuriskova could be among world's lowest-cost uranium producersTournigan Energy (CVE:TVC) Monday unveiled the "robust economics" of its flagship Kuriskova high-grade uranium deposit in Slovakia in a new preliminary feasibility study (PFS).
Monday morning, Tournigan shares were up 5.5 percent to $0.09.
The study gave Kuriskova a pre-tax internal rate of return of 30.8 percent, a 1.9-year payback period, and a net present value of $277 million at an eightProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-74328864566725562792012-02-03T07:27:00.000-08:002012-02-03T07:27:55.449-08:00Sunridge Gold starts 12,000 metre drill program at Asmara projectSunridge Gold Corp. (CVE:SGC)(OTCQX:SGCNF) said Thursday that it has started an exploration drilling program on several prospective targets at its Asmara project in Eritrea, sending shares up over nine percent.
One reverse circulation drill has started on gold exploration targets located on the Medrizien license, the company said, with one diamond drill expected to start drilling on the Adi Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-9364330132869635532012-02-03T07:06:00.000-08:002012-02-03T07:06:47.072-08:00New Zealand Energy sets bullish development program for North Island assetsNew Zealand Energy Corp (NZEC) (CVE:NZ) (OTCQX:NZERF) is an oil and gas company that is exploring and developing both conventional and unconventional prospects in the Taranaki and East Coast basins of New Zealand’s North Island. The company has raised $12.3 million via two private placements, and then raised an additional $21.9 million in an IPO that culminated with a listing on the TorontoProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-13000153800296048872012-02-03T06:50:00.000-08:002012-02-03T06:50:44.903-08:00inShare Pdf Ocean Equities says Sunridge Gold's Asmara update supports growth potentialOcean Equities said Thursday that a recent drilling update from Sunridge Gold (CVE:SGC)(OTCQX:SGCNF) supports the view that resources could grow at the company's Asmara project in Eritrea.
Sunridge Gold is a junior explorer focused on Asmara, as well as exploration properties in Madagascar.
In a research note, Ocean Equities said that Thursday's "impressive" drill results support the company's Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-47250387858525647142012-02-02T21:57:00.001-08:002012-02-02T21:57:46.827-08:00Blackham Resources gains while Australian market fallsBlackham Resources (ASX: BLK) shares rallied 14.29% today to A$0.24 shrugging off the broader Australian market’s downward pull.
The company is now sufficiently cashed up to progress its highly prospective Matilda gold project after receiving firm commitments to raise $950,000 via a placement of 4.75 million shares at $0.20 per share.
This boosts Blackham’s cash in the bank to over $1.2 Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-45181649355882660522012-02-02T21:14:00.000-08:002012-02-02T21:14:37.623-08:00Pan Asia Corporation takes the ASX by storm, shares up 67% for the weekPan Asia Corporation (ASX: PZC) has been on an upwards share trajectory this week, hitting an intra-day high of A$0.175 yesterday, marking a 67% increase on last Friday’s close of $0.105.
Shares were up 6.9% to $0.155 today as the broader Australian market wiped off some of yesterday’s gains, shedding 8.4 points, or 0.2%.
While the Australian market has spent most of the week in the red,Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-43226513699971987182012-02-02T17:13:00.000-08:002012-02-02T17:13:55.639-08:00GBM Resources increases copper strike length at Milo by more than 70%GBM Resources (ASX: GBZ) continues to prove up the potential of its Milo breccia hosted IOCG-Rare Earth Project in northwest Queensland, with recent drilling confirming that the zone of sulphide mineralisation at Milo now extends at least 380 metres beyond previous drilling.
One of the three diamond core holes drilled during December intersected a 124 metre interval at 0.5% copper Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-56645712405102119602012-02-02T16:29:00.000-08:002012-02-02T16:29:14.600-08:00Red Sky Energy sees upside potential as New South Wales decision on Talma CSG pilot draws nearRed Sky Energy (ASX:ROG) has confirmed the strong upside potential in its Clarence Moreton Basin coal seam gas noting its share of contingent resources in PEL 457 stands at 188.7 petajoules.
At least part of this resource could be converted to reserves status once the company receives approval to drill the Talma pilot production well, which targets the highly prospective Kangaroo Creek, Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-90709223988263086392012-02-02T16:28:00.000-08:002012-02-02T16:28:01.198-08:00Papillon Resources: A$16m institutional capital raising highlights West African gold potentialPapillon Resources (ASX: PIR) has accomplished a significant capital raising of $16 million from institutional investors in a challenging market.
The institutional support provides a vote of confidence in Papillon's gold project and its progress at the Fekola project in Mali.
The placement comprises 21 million shares at $0.76 to raise $16 million, boosting the company's cash position to Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-67002396932299040302012-02-02T16:26:00.000-08:002012-02-02T16:26:25.331-08:00Mutiny Gold: Deflector gold drilling program expanded, timeline for DFS definedMutiny Gold (ASX: MYG) remains focused at the Deflector deposit, where the company has an extensive drilling campaign underway to increase the gold resource.
The current timeline of events is that the first results from the campaign started in December are due within weeks. The first Reserves from the project are also expected very soon.
The infill program will then wrap up towards the Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-63074663196260548282012-02-02T16:21:00.001-08:002012-02-02T16:21:35.876-08:00Resource Star seeks $1.14 million raising through partly underwritten entitlement issueResource Star (ASX: RSL) plans to raise up to $1.14 million to put towards exploration in Malawi and Australia and to repay funding from a major shareholder.
The money will be raised through a pro rata one for one non-renounceable entitlement issue offered at $0.02 each.
Substantial shareholder Red Rock Resources has already committed to take up its full entitlement under the issue and willProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-72768474003235641362012-02-02T16:20:00.000-08:002012-02-02T16:20:07.233-08:00Central Petroleum granted voluntary suspension, capital raising announcement pendingCentral Petroleum (ASX: CTP) has been granted a change in status by the ASX to voluntary suspension pending the release of a proposed capital raising announcement.
Central Petroleum has not yet indicated where the potential capital injection will be allocated, but the company is in a very interesting position and earlier in the week announced some positive news for Surprise 1.
An Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-21287341058177730492012-02-02T16:18:00.000-08:002012-02-02T16:18:05.676-08:00Ventnor Resources granted halt pending capital raising detailsVentnor Resources (ASX: VRX) has recently delivered some high graded copper intersections to the market from the strategically located Thaduna and Green Dragon project.
The most recent highlights from Thaduna and Green Dragon included:
- 37 metres at 2.61% copper from 111 metres, including 10 metres at 7.53% copper; and
- 62 metres at 2.19% copper from 125 metres, including 32 metres at 3.10% Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-67128222742884380212012-02-02T16:11:00.000-08:002012-02-02T16:11:27.429-08:00Sun Resources may slow down on further Delta Oil buys, flags cut in acquisition costsSun Resources (ASX:SUR) has flagged that it may stop short of acquiring its targeted 10,000 acres over the Delta Oil project in the highly prospective Eagle Ford Shale in Texas.
In a response to an ASX query about the rate which it was expending cash for the quarter ending 31 December 2011, Sun said it had already acquired the majority of the project and future acquisitions costs would be Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-75874567299437332302012-02-02T15:55:00.000-08:002012-02-02T15:55:37.850-08:00Xceed Resources: Cash backed and developing coal production and cash flows from MoabsveldenXceed Resources (ASX: XCD) is an Australia based junior mining company with South African coal assets that plans to commission its first open pit coal project at Moabsvelden in mid 2013.
Production is planned at a rate of 3 million tonnes per year to produce 1 million tonnes of domestic thermal coal, and 680,000 tonnes of export quality coal. Two additional coal projects are also underProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-38569256022459961962012-02-02T15:51:00.000-08:002012-02-02T15:51:10.228-08:00Oro Verde on the exploration trail of gold and copper in Chile, commences trading todayOre Verde (ASX: OVL), formerly Ezenet, will again hit the ASX boards this morning at 10am (AEDT) marking its change of strategy.
In late November the company was granted a voluntary suspension by the ASX, pending the outcome of a resolution at the company's general meeting to approve a change of activities.
Oro Verde recently raised around A$2.4 million to assist in the development of its Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-54258202593732881322012-02-01T19:24:00.001-08:002012-02-01T19:24:49.026-08:00Coppermoly targets maiden Inferred copper gold JORC Resource at Nakru in Papua New GuineaCoppermoly (ASX: COY) is working towards a maiden Inferred Resource at the Nakru-1 copper-gold system in Papua New Guinea, appointing Golder Associates to review all drillhole data from the project.
The Nakru-1 copper-gold system is the most advanced prospect within the Nakru tenement, with an exploration target of 50-60 million tonnes grading 0.7-0.9% copper.
Golder will also undertake aProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-16542782049694696412012-02-01T17:43:00.000-08:002012-02-01T17:43:50.129-08:00Papillon Resources gold discoveries continue at speed from Fekola in West AfricaPapillon Resources (ASX: PIR) continues to deliver the goods from gold exploration at the Fekola Gold Discovery, as the company moves towards a maiden JORC Resource at the project in around mid-2012.
Results from two more diamond results have been released, with highlights from the first hole including 57 metres at 10.69 grams per tonne (g/t) gold from 177.3 metres; and 16 metres at 2.24g/Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-50765922831615368862012-02-01T17:36:00.000-08:002012-02-01T17:36:46.914-08:00African Energy Resources hits 2.5 billion tonnes Indicated coal Resource in BotswanaAfrican Energy Resources' (ASX: AFR) latest resource upgrade provides further potential for a 30 million tonne per annum thermal coal production operation for over 100 years, starting in 2013.
The project now hosts over 2.5 billion tonnes of coal at the project in the Indicated category, after more than 95% of the in-situ resource was classified.
Part of the resource is now targeted to beProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-62218054681563949342012-02-01T17:31:00.000-08:002012-02-01T17:31:19.830-08:00Peninsula Energy's resource upgrade drilling returns exceptional results at LancePeninsula Energy (ASX: PEN) has reported some exceptional uranium intersections from drilling from 20 December 2011 to 31 January 2012 at the Lance Projects in Wyoming.
Peninsular is looking to become a uranium producer in late 2012 to 2013 having completed feasibility and economic studies of its Ross and Lance uranium Projects.
Ross is the most advanced area at the Lance Project, which Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-37003889243634325902012-02-01T17:25:00.000-08:002012-02-01T17:25:56.270-08:00Birimian Gold raises $665,000 to continue gold exploration in West Africa's elephant countryBirimian Gold (ASX: BGS) is focused on gold exploration in the highly prospective region of West Africa, and has recently defined some new high priority targets.
To continue this exploration, the company has raised $665,000 by placing 19 million shares at $0.035 to institutional and sophisticated investors in Australia, which includes one free attaching option with an exercise price of Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-63251623951265252272012-02-01T17:09:00.000-08:002012-02-01T17:09:02.873-08:00Thor Mining raises A$843,183 to push Molyhill tungsten, molybdenum resource forwardThor Mining (ASX: THR, AIM: THR) have successfully raised A$843,183 (£570,000) through a placement of 57 million shares priced at £0.01 each to clients of Simple Investments to help finance further work at its Molyhil Tungsten and Molybdenum Project project.
Chairman Mick Billing added the funds will also be used for the exploration and evaluation programs in progress for its Dundas and Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-83345389054750321152012-02-01T16:33:00.000-08:002012-02-01T16:33:06.719-08:00IMX Resources: new sales agreements signed at higher prices boost Cairn Hill economicsIMX Resources (ASX: IXR) is securing alternative sales agreements for magnetite ore production from the Cairn Hill iron ore and copper mine at better prices than those initially agreed.
Cairn Hill is operated by Termite Resources, which is owned by Outback Iron, a joint venture between IMX (51%) and Taifeng Yuangchuang International Development Co (49%).
Taifeng had previously agreed to Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-38368663082944123162012-02-01T16:18:00.000-08:002012-02-01T16:18:35.300-08:00IronClad Mining offtake agreement secures half of Wilcherry Hill annual iron ore productionIronClad Mining (ASX: IFE) has secured a significant offtake agreement for iron ore from its Wilcherry Hill project in South Australia.
The four year offtake agreement with Hong Kong-based resources industry investment group New Page Investments is for up to 50% of annual iron ore production from Wilcherry Hill.
In January 2012, New Page took a $6 million share placement in IronClad, to Proactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0tag:blogger.com,1999:blog-3413661748417461432.post-61621893191544461032012-02-01T16:13:00.000-08:002012-02-01T16:13:13.502-08:00Stellar Resources granted halt pending capital raising detailsStellar Resources (ASX: SRZ) has been placed in pre-open after the ASX granted the company a trading halt, pending the release of details on a proposed capital raising.
Stellar has not yet indicated where the potential capital injection will be allocated, but the company recently identified potential economic widths of ore grade tin mineralisation below the presently defined Severn depositProactiveinvestorshttp://www.blogger.com/profile/08497805914338702730noreply@blogger.com0