Sunday 21st October 2018

Resource Clips


December, 2010

The Prospects For Gold, Silver and Base Metals

December 30th, 2010

WSJ features United Mining Group

December 29th, 2010

The Wall Street Journal reported December 26 that the surge in the price of silver—up 74% in 2010—is explained by an unexpected increase in investor demand. “This is a story almost entirely about investment,” commented senior metals strategist Stephen Briggs of BNP Paribas. Investors have turned to silver and other commodities in large part due to concern over the threat of inflation. Silver enjoys privileged standing with investors for its being both a precious metal and an industrial commodity.

United Mining Group UMG:CA—which holds an 80% interest in Idaho’s Crescent Silver Mine—has benefitted considerably from the surge. The mine was closed twelve years ago when the price of silver was in the $5 range. Now pushing $30, the Crescent is more than viable. President Greg Stewart observed, “The whole industry is like feast or famine.” The mine is expected to begin production in 2012, with an output of approximately 1 million ounces.

Pacific Iron Ore reports Ontario Gold Assays as high as 0.72 g/t over 48.2m

December 23rd, 2010

Pacific Iron Ore Corporation POC:CA announced results from its St Anthony Project in Ontario. Assays include 0.72 g/t gold over 48.2 metres (including 22.2 g/t over 1 metre), and 0.77 g/t over 39 metres (including 1.05 g/t over 22 metres and 19.9 g/t over 1 metre).

The St Anthony property includes the St Anthony Mine, historically the largest gold producer in Ontario’s Kenora-Patricia Mining Division, which produced 63,310 ounces gold and 16,341 ounces silver.

View Company Profile

Contact:
Todd Montgomery
CEO
403.228.0607

or Jeffrey Austin
President
250.763.4892

by Ted Niles

Skyline reports BC Assays of 3.36 g/t Gold, 22.51 g/t Silver over 12.5m

December 23rd, 2010

Skyline Gold Corporation SK:CA announced assays from its Bronson Slope Gold Deposit in northwestern BC. Highlights include 2.34 g/t gold and 11.27 g/t silver over 10 metres (including 13.35 g/t gold and 16.7 g/t silver over 1 metre), 0.68 g/t gold and 13.95 g/t silver over 21 metres (including 4.25 g/t gold and 26.1 g/t/ silver over 1.5 metres), and 3.36 g/t gold and 22.51 g/t silver over 12.5 metres (including 27.4 g/t gold and 9.8 g/t silver over 1 metre).

The Bronson Slope Deposit has a measured and indicated mineral resource estimate of 2.6 million ounces gold and 16.1 million ounces silver, and an inferred resource of 800,000 ounces gold and 5.2 million ounces silver.

View Company Profile

Contact:
David Jensen
President/COO
604.270.3878

by Ted Niles

Investing In Junior Mining Companies

December 23rd, 2010

Selwyn reports Yukon Assays up to 6.63% zinc, 3.81% lead over 39.2m

December 22nd, 2010

Selwyn Resources Ltd SWN:CA announced drill results from its XY Central Deposit at the Selwyn Project in Yukon. Assay highlights include 6.63% zinc and 3.81% lead over 39.2 metres (including 9.57% zinc and 6.14% lead over 20.3 metres), and 7.91% zinc and 2.84% lead over 10.79 metres (including 15.3% zinc and 3.62% lead over 2.6 metres).

The XY Project has an indicated mineral resource of 10,738,000 tonnes grading 10.38% zinc and 4.41% lead, and an inferred resource of 2,849,000 tonnes grading 10.86% zinc and 4.41% lead.

View Company Profile

Contact:
Harlan Meade
President/CEO
604.801.7240

or Catalin Chiloflischi
Manager, Investor Communications
888.989.9188

by Ted Niles

SLAM reports New Brunswick assays up to 230.9 g/t silver over 9.6m

December 22nd, 2010

SLAM Exploration Ltd SXL:CA announced drill results from its Silverjack Project in New Brunswick. Assays include 107.66 g/t silver, 0.8% copper and 0.6% zinc over 4.5 metres (including 245 g/t silver, 0.59% copper and 0.7% zinc over 1 metre), 111.37 g/t silver, 1.09% copper and 3.15% zinc over 6.9 metres, and 230.9 g/t silver, 1.53% copper and 2.89% zinc over 9.6 metres (including 605 g/t silver, 2.42% copper and 3.41% zinc over 1.4 metres).

Assays are pending on an additional 10 holes along strike from the Silverjack zone. A total of 18 holes were completed prior to a temporary shutdown for the holidays. SLAM expects to complete the remainder of the program in January 2011.

View Company Profile

Contact:
Mike Taylor
President/CEO
506.627.1353
or 866.523.6719

by Ted Niles

Silver Quest reports BC Assays up to 48.12 g/t Silver over 16.8m

December 22nd, 2010

Silver Quest Resources Ltd SQI:CA announced assays from its Capoose Project in north central BC. Results include 48.12 g/t silver over 16.8 metres, 1 g/t gold over 6 metres, 0.67 g/t gold and 8.06 g/t silver over 89 metres (including 1.46 g/t gold and 10.93 g/t silver over 12 metres), 16.49 g/t silver over 28 metres, 31.67 g/t silver over 30 metres, 74.03 g/t silver over 3.4 metres, and 26.59 g/t silver over 21 metres.

The Capoose Project has an inferred mineral resource estimate of 699,000 ounces gold and 41.1 million ounces silver.

View Company Profile

Contact:
Investor Relations
604.687.3959

by Ted Niles

Canaco reports Tanzania Gold Assays up to 9.51 g/t over 53.2m

December 22nd, 2010

Canaco Resources Inc CAN:CA announced results from its Magambazi Gold Discovery in the Handeni region of Tanzania. Assay highlights include 9.51 g/t gold over 53.2 metres (including 15.08 g/t over 23.8 metres), 2.46 g/t over 4.5 metres, 6.1 g/t over 17.4 metres (including 14.35 g/t over 6.3 metres), and 5.81 g/t over 7 metres.

President Andrew Lee Smith commented, “It has been an incredible year of exploration and definition drilling at Magambazi. I thought that our original best intercepts drilled in 2009 of 59 metres at 4.28 g/t gold in hole 1 and 56 metres at 6.39 g/t in hole 12 were as good as it could get. The Magambazi system has outperformed my best expectations in 2010. Linking the Magambazi Main Lode with Magambazi Central and Magambazi North has also been an important development of 2010, showing continuity of mineralization over almost one kilometre of strike.”

View Company Profile

Contact:
Meghan Brown
Director, Investor Relations
604.488.0822
or 866.488.0822

by Ted Niles

Eagle Plains, Providence Capital report BC Gold Assays of 5.1 g/t over 14m

December 22nd, 2010

Eagle Plains Resources Ltd EPL:CA in joint venture with Providence Capital Corp PV:CA announced assay results from the Iron Range Project in southeastern BC. Highlights include 5.1 g/t gold and 75.3 g/t silver over 14 metres (including 8.13 g/t gold and 86.6 g/t silver over 7.1 metres), 1.9 g/t gold and 21.5 g/t silver over 56.5 metres (including 12.8 g/t gold and 122.5 g/t silver over 2 metres). Providence Capital has the option to acquire up to a 60% interest in the Iron Range property.

Eagle Plains President/CEO Tim Termuende said, “We are encouraged by results received from Holes IR10-005 and IR10-010. The presence of gold mineralization over significant widths coupled with massive sulphides containing lead, zinc and silver with key accessory minerals at our target horizon underscores the potential of the Iron Range property and provides the impetus for further work. Our partners are both aggressive and well-funded and share our enthusiasm for the project.”

View Company Profile

Contact:
Eagle Plains Resources Ltd
Mike Labach
Investor Relations Manager
866.486.8673

or Providence Capital Corp
Steve Bajic
604.628.5614

by Ted Niles