US Mint 18-coin 2009 Silver Proof Set
The US Mint just launched the 18-coin 2009 Silver Proof Set for $52.95. The annual set is a favorite with collectors, highlighted by the no longer available 2008 Silver Proof Set with sales of 774,874 as of Sunday.
The 2009 set is actually $8 more than last year’s offering, but it also includes an additional silver quarter and four bicentennial 2009 Lincoln cents specially struck in 95% copper, 3% zinc and 2% tin — the same alloy used in the original 1909 penny.
Similar to the fast-selling 2009 clad proof set that was issued by the Mint in June, the silver set contains collector proof versions of circulating 2009 coinage. All coins bear the "S" mint mark denoting they were minted at the United States Mint in San Francisco. Additionally, the dime, half-dollar, and six quarters are struck in lustrous 90 percent silver. The set has an intrinsic silver value of $19.99 at Friday’s silver spot price of $13.16 an ounce.
The following 18 coins are included in the set:
Four 2009-S Lincoln Cents: Lincoln Birthplace Penny, Lincoln Formative Years Penny, Lincoln Professional Life Penny and Lincoln Presidency Penny
2009-S Jefferson nickel
2009-S Roosevelt dime
Six 2009-S Quarters: DC quarter, Puerto Rico quarter, Guam quarter, American Samoa quarter, US Virgin Islands quarter and Northern Mariana Islands quarter
2009-S Kennedy half-dollar
2009-S Native American $1 Coin
Four 2009-S Presidential Dollar Coins: Harrison $1 Coin, Tyler $1 Coin, Polk Presidential $1 and Taylor Presidential $1
What are proof sets? As described by the Mint, they are:
"Proof coins are extraordinarily brilliant, with sharp relief and a mirror-like background. Their frosted, sculpted foregrounds give them a special cameo effect. Proof blanks are specially treated, polished and cleaned to ensure high-quality strikes. The blanks are then fed into presses fitted with specially polished dies and struck at least twice to ensure sharp relief."
2009 US Mint Silver Proof Set order information
No limits are in place and ordering is available directly on the US Mint page:
United States Mint 2009 Silver Proof Set™
Sets may also be purchased through the Mint’s toll-free number, 1-800-USA-MINT (872-6468). Hearing and speech-impaired customers may order by calling 1-888-321-MINT (6468).
The Mint indicates domestic orders will include a $4.95 shipping and handling charge.
US Mint 18-coin 2009 Silver Proof Set
Showing posts with label Silver. Show all posts
Showing posts with label Silver. Show all posts
Friday, July 17, 2009
Friday, February 6, 2009
Silver Falcon Mining, (SFMI) Expanding Milling Circuit
Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) announces additional equipment to boost gold and silver production at its Melba, ID. mill.
The engineers of RMS-Ross, the suppliers of the equipment for the mill finished an on site inspection. The Company, under RMS' direction, began relocating certain pieces of equipment in the mill circuit for maximum output; also allowing for the installation of a parallel wet-line circuit. This additional circuit equipment and realignment of the current mill components should quadruple planned gold and silver production at the Company's Melba, ID. mill. The Company believes these changes should be completed within the next 2-3 weeks.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "An increase in the demand for the gold/silver concentrates, motivated SFMI to undertake an expansion of planned output production at the Melba mill. This installation of the wet-line circuit should allow SFMI to quadruple precious metals output and, further advance, by at least two years, the underground mining developments on War Eagle Mountain."
Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.
Further Information contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127 and/or the Company at 941-761-7819, www.silverfalconmining.com.
Silver Falcon Mining, Inc. cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
The engineers of RMS-Ross, the suppliers of the equipment for the mill finished an on site inspection. The Company, under RMS' direction, began relocating certain pieces of equipment in the mill circuit for maximum output; also allowing for the installation of a parallel wet-line circuit. This additional circuit equipment and realignment of the current mill components should quadruple planned gold and silver production at the Company's Melba, ID. mill. The Company believes these changes should be completed within the next 2-3 weeks.
Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "An increase in the demand for the gold/silver concentrates, motivated SFMI to undertake an expansion of planned output production at the Melba mill. This installation of the wet-line circuit should allow SFMI to quadruple precious metals output and, further advance, by at least two years, the underground mining developments on War Eagle Mountain."
Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America.
Further Information contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127 and/or the Company at 941-761-7819, www.silverfalconmining.com.
Silver Falcon Mining, Inc. cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
Wednesday, January 14, 2009
Nevada Sunrise Intercepts 0.571 oz/ton Gold and 6.791 oz/ton Silver
VANCOUVER, BC - Nevada Sunrise Gold Corporation (TSX-V: NEV) has released its results from the 2008 exploration drill program on the Golden Arrow property located in Nye County, Nevada. Highlights include hole GA08-307 returning 30 feet at 0.446 oz/ton Au and 6.791 oz/ton Ag, and hole GA08-311 returning 9 feet at 0.571 oz/ton Au and 3.500 oz/ton Ag. CEO Bill Henderson stated, "It is exciting that the results from our 2008 drill program back up the geologic model developed by company geologists over the past year and support new geophysical and geochemical targets that may become additional centers of gold and silver mineralization on the property." A new resource estimate, presently being computed by Mine Development Associates of Reno, Nevada, is expected during Q1 2009. Extensive metallurgical tests being conducted at McClelland Laboratories of Sparks, Nevada, are expected to be completed in Q2 2009.
The table lists selected intercepts from the 2008 Golden Arrow drill program.
The company's primary focus is the exploration and development of precious metal properties in Nevada. The first phase of exploration drilling at Golden Arrow was completed in September 2008, and included 3,584 feet in 5 diamond core holes, and 16,880 feet in 28 reverse circulation (RC) drill holes. The company completed 8 holes in the Hidden Hill mineral zone and 18 holes in the Gold Coin mineral zone, as well as 7 holes testing new exploration targets. A map showing drill hole locations is included in our NI 43-101 Technical Report entitled Technical Report on Golden Arrow Project, Nye County, Nevada, U.S.A. dated February 18, 2008, available on SEDAR (the "Technical Report").
The volcanic-rock-hosted precious metal mineralization at Golden Arrow is best described as consisting of low-sulfidation epithermal quartz and precious metal veins overprinted by hot-springs style, high-sulfidation epithermal alteration and precious metal mineralization. The property is situated along the northeastern margin of the Walker Lane Structural Belt. The discovery of near surface high grade gold bearing quartz veins led to early development of the district.
The current resource as reported in the Technical Report is shown in the table below.
Au Grade Ounces Ag Grade Ounces
(oz/ton) Gold (oz/ton) Silver
Total Indicated: 0.025 239,000 0.35 3,366,000
Total Inferred: 0.015 98,000 0.29 1,846,000
About Nevada Sunrise
For the latest details on the Company, its properties, management team and philosophy, please visit our website at www.nevadasunrise.com.
All data, as reported to the company by McClelland Laboratories, Inc., American Assay Laboratories and ALS Chemex have been reviewed by Dr. Odin D. Christensen. Dr. Christensen, a Qualified Person under Canadian National Instrument 43-101 and Senior Geologist and a director of the Company, is the Qualified Person responsible for the preparation of the technical information included in this document and for supervision of field activities related to the Company's projects.
CAUTIONARY NOTE
This release contains forward-looking statements which may include, but is not limited to, statements with respect to the timing of our exploration and drilling programs; geological models; expectations related to enhancing resource grades; financing plans and availability of future financing for our projects; anticipated results of our exploration, mineral resource estimates and other plans, projections, estimates and expectations. Forward-looking statements address future events and conditions which are subject to various risks and uncertainties which are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. For details of the Company, its business and properties, including risks relating to an investment in securities of the Company, see the Company's prospectus dated June 25, 2008, as amended by an amendment dated August 22, 2008, both of which are available on SEDAR at www.sedar.com, or directly from the Company.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This news release uses the terms "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.
The TSX Venture exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The Securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.
FOR FURTHER INFORMATION:
William B. Henderson
President and Chief Executive Officer
Telephone: (530) 887-9901
Facsimile: (530) 884-3822
© MarketWire 2009
The table lists selected intercepts from the 2008 Golden Arrow drill program.
The company's primary focus is the exploration and development of precious metal properties in Nevada. The first phase of exploration drilling at Golden Arrow was completed in September 2008, and included 3,584 feet in 5 diamond core holes, and 16,880 feet in 28 reverse circulation (RC) drill holes. The company completed 8 holes in the Hidden Hill mineral zone and 18 holes in the Gold Coin mineral zone, as well as 7 holes testing new exploration targets. A map showing drill hole locations is included in our NI 43-101 Technical Report entitled Technical Report on Golden Arrow Project, Nye County, Nevada, U.S.A. dated February 18, 2008, available on SEDAR (the "Technical Report").
The volcanic-rock-hosted precious metal mineralization at Golden Arrow is best described as consisting of low-sulfidation epithermal quartz and precious metal veins overprinted by hot-springs style, high-sulfidation epithermal alteration and precious metal mineralization. The property is situated along the northeastern margin of the Walker Lane Structural Belt. The discovery of near surface high grade gold bearing quartz veins led to early development of the district.
The current resource as reported in the Technical Report is shown in the table below.
Au Grade Ounces Ag Grade Ounces
(oz/ton) Gold (oz/ton) Silver
Total Indicated: 0.025 239,000 0.35 3,366,000
Total Inferred: 0.015 98,000 0.29 1,846,000
About Nevada Sunrise
For the latest details on the Company, its properties, management team and philosophy, please visit our website at www.nevadasunrise.com.
All data, as reported to the company by McClelland Laboratories, Inc., American Assay Laboratories and ALS Chemex have been reviewed by Dr. Odin D. Christensen. Dr. Christensen, a Qualified Person under Canadian National Instrument 43-101 and Senior Geologist and a director of the Company, is the Qualified Person responsible for the preparation of the technical information included in this document and for supervision of field activities related to the Company's projects.
CAUTIONARY NOTE
This release contains forward-looking statements which may include, but is not limited to, statements with respect to the timing of our exploration and drilling programs; geological models; expectations related to enhancing resource grades; financing plans and availability of future financing for our projects; anticipated results of our exploration, mineral resource estimates and other plans, projections, estimates and expectations. Forward-looking statements address future events and conditions which are subject to various risks and uncertainties which are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. For details of the Company, its business and properties, including risks relating to an investment in securities of the Company, see the Company's prospectus dated June 25, 2008, as amended by an amendment dated August 22, 2008, both of which are available on SEDAR at www.sedar.com, or directly from the Company.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This news release uses the terms "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.
The TSX Venture exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The Securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.
FOR FURTHER INFORMATION:
William B. Henderson
President and Chief Executive Officer
Telephone: (530) 887-9901
Facsimile: (530) 884-3822
© MarketWire 2009
Friday, November 21, 2008
Why Silver is Experiencing Such a Crisis
Adam Hamilton talks on why silver is in crisis:
Silver, an asset which many investors thought would thrive during a financial-market panic, has been scourged mercilessly. After briefly surging above $20 in March, it nonchalantly traded between $16 and $19 or so for the next 5 months. Silver was on top of the world, consolidating high, and all looked well.
Rest of story...
Silver futures for December delivery today dropped to 16 cents, or 1.7 percent, to $9.33 an ounce.
Silver, an asset which many investors thought would thrive during a financial-market panic, has been scourged mercilessly. After briefly surging above $20 in March, it nonchalantly traded between $16 and $19 or so for the next 5 months. Silver was on top of the world, consolidating high, and all looked well.
Rest of story...
Silver futures for December delivery today dropped to 16 cents, or 1.7 percent, to $9.33 an ounce.
Sunday, November 9, 2008
Silver Eagle Provides Financial and Operational Update
TORONTO, ONTARIO, Nov 07, 2008 (MARKET WIRE via COMTEX) -- Silver Eagle Mines Inc. (CA:SEG) ("Silver Eagle" or the "Company") announces that due to the steep decline in metal prices, it is reviewing and considering all options and strategic alternatives to enhance stakeholder value.
As a result of the significant downturn in silver, lead and zinc prices, the Company has experienced lower than planned cash flows from operations. These cash flows are insufficient to cover the operating and corporate costs of the Company and as a result, Silver Eagle has minimal available cash resources. Silver Eagle has taken and is continuing to take steps to reduce cash costs and expenses both at its operations and its corporate offices.
The Company had been engaged in extended negotiations in respect of an anticipated loan financing to stabilize the Company's cash position, which negotiations have now been terminated.
Silver Eagle has engaged Haywood Securities Inc. to act as its financial and strategic advisor, to perform a strategic review of the Company.
The Company is considering all potential alternatives, including potentially raising additional capital, completing a merger or acquisition transaction, selling assets, putting the mine on care and maintenance or ceasing operations at the mine.
There can be no assurance that the Company will complete any transaction that may arise in connection with any of the above.
Silver Eagle is a Canadian-based mining company, the primary asset of which is its wholly-owned Mexican subsidiary, San Pedro Resources, S.A. de C.V., which controls the fully-permitted Miguel Auza Mine and adjacent properties in Zacatecas, Mexico. Since the commissioning of the expanded mill in September, it has processed 18,613 tonnes of ore grading 1.82% Pb, 2.06% Zn and 205 gpt Ag, producing 467 tonnes of zinc concentrates, 460 tonnes of lead concentrates, with 89,302 ounces of Ag contained in the above mentioned concentrates. To date, November processing is averaging 513 tpd. Concentrates are being hauled to the Manzanillo port where they are being exported.
ON BEHALF OF THE BOARD OF DIRECTORS OF SILVER EAGLE MINES INC.
Terrence H. Byberg, President and CEO
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Silver Eagle Mines Inc.
Terrence H. Byberg
President and CEO
(416) 361-1101
(416) 361-9280 (FAX)
Email: info@silvereaglemines.com
Website: www.silvereaglemines.com
SOURCE: Silver Eagle Mines Inc.
mailto:info@silvereaglemines.com
http://www.silvereaglemines.com
Copyright 2008 Market Wire, All rights reserved.
As a result of the significant downturn in silver, lead and zinc prices, the Company has experienced lower than planned cash flows from operations. These cash flows are insufficient to cover the operating and corporate costs of the Company and as a result, Silver Eagle has minimal available cash resources. Silver Eagle has taken and is continuing to take steps to reduce cash costs and expenses both at its operations and its corporate offices.
The Company had been engaged in extended negotiations in respect of an anticipated loan financing to stabilize the Company's cash position, which negotiations have now been terminated.
Silver Eagle has engaged Haywood Securities Inc. to act as its financial and strategic advisor, to perform a strategic review of the Company.
The Company is considering all potential alternatives, including potentially raising additional capital, completing a merger or acquisition transaction, selling assets, putting the mine on care and maintenance or ceasing operations at the mine.
There can be no assurance that the Company will complete any transaction that may arise in connection with any of the above.
Silver Eagle is a Canadian-based mining company, the primary asset of which is its wholly-owned Mexican subsidiary, San Pedro Resources, S.A. de C.V., which controls the fully-permitted Miguel Auza Mine and adjacent properties in Zacatecas, Mexico. Since the commissioning of the expanded mill in September, it has processed 18,613 tonnes of ore grading 1.82% Pb, 2.06% Zn and 205 gpt Ag, producing 467 tonnes of zinc concentrates, 460 tonnes of lead concentrates, with 89,302 ounces of Ag contained in the above mentioned concentrates. To date, November processing is averaging 513 tpd. Concentrates are being hauled to the Manzanillo port where they are being exported.
ON BEHALF OF THE BOARD OF DIRECTORS OF SILVER EAGLE MINES INC.
Terrence H. Byberg, President and CEO
This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Silver Eagle Mines Inc.
Terrence H. Byberg
President and CEO
(416) 361-1101
(416) 361-9280 (FAX)
Email: info@silvereaglemines.com
Website: www.silvereaglemines.com
SOURCE: Silver Eagle Mines Inc.
mailto:info@silvereaglemines.com
http://www.silvereaglemines.com
Copyright 2008 Market Wire, All rights reserved.
Wednesday, September 3, 2008
2Q Results for Sabina Silver
VANCOUVER, BRITISH COLUMBIA, Sep 03, 2008 (MARKET WIRE via COMTEX) -- Sabina Silver Corporation (the "Company") announced today the financial results for the period ended June 30, 2008. The Company ended the first half of 2008 with cash and security investment resources of $44,598,201.
"Although the first half of 2008 was a challenging one for Sabina," said Tony Walsh, President and CEO, "the Company is now poised to deliver on its commitments to create further shareholder wealth. A strategic plan has been created that both pushes the large Hackett River Project forward, while at the same time looking for opportunities to provide solid share performance and create further value during the interim."
Hackett River is the Company's flag ship project in Nunavut Canada. Not only is it one of the largest undeveloped silver projects around, but it is in one of the world's most appealing mining jurisdictions. As announced earlier this month, the Company has added some key team members; is focusing on preserving cash; has completed this year's required work to push Hackett River forward; and is evaluating other projects and companies for merger and acquisition opportunities.
"We believe all these things are adding value to the Company, and put us in a great position with a great message when we start our major marketing campaign this month," said Mr. Walsh, "I have no doubt that Sabina has the elements of an attractive investment and that we will be able to communicate that to the investment community."
Financial Results
For the three months ended June 30, 2008, the Company reported a net loss of $6,778 as compared to net earnings of $4,543,187 for the same period in 2007. The earnings in fiscal 2007 were a result of sales of securities during that period. The Company's earnings are primarily derived from the interest, sales and changes in fair value on investments held for trading and sale. Expenses in the period were nearly offset by earnings in the same period.
The Company had cash and security investment resources of $44,598,201 at June 30, 2008 as compared with $50,632,747 at December 31, 2007. All security investment resources are held in guaranteed investment certificates at Canadian banks and in marketable Canadian securities. The decrease in cash and investment resources is primarily due to exploration expenditures of $8,936,422 in the six month period which was partially offset by an increase in fair market value of marketable Canadian securities held for resale. The Company is fully financed to reach its feasibility and permitting objectives on the Hackett River Project.
Subsequent to the end of the quarter, Mr. John Wakeford and Ms. Elaine Bennett were appointed Senior Vice-President, Corporate Development and Vice-President, Finance & Chief Financial Officer respectively (see News release dated August 20, 2008 on the Company's website).
Mr. Wakeford has been granted 700,000 stock options exercisable at a price of $0.99 per share for a period of five years; Ms. Bennett has been granted 500,000 stock options exercisable at a price of $0.90 per share for a period of five years.
For the full June 30, 2008 financial statements and Management's Discussion and Analysis, please see the Company website at www.sabinasilver.com.
SABINA SILVER CORPORATION is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in the Canadian Arctic, the Del Norte project in the Stewart-Eskay Creek Mining District and several projects in the Red Lake gold camp.
Forward Looking Statements
Statements relating to permitting, feasibility and exploration work at the Hackett River project and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the estimation of metal reserves and resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2007.
Forward-looking statements are based on the beliefs, estimates and opinions of Sabina's management on the date the statements are made. Sabina undertakes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors, should change.
This news release has been authorized by the undersigned on behalf of Sabina Silver Corporation.
Tony Walsh, President and CEO
Contacts:
Sabina Silver Corporation
Nicole Hoeller
Director, IR
1-888-648-4218
Email: nhoeller@sabinasilver.com
Website: www.sabinasilver.com
SOURCE: Sabina Silver Corporation
mailto:nhoeller@sabinasilver.com
http://www.sabinasilver.com
"Although the first half of 2008 was a challenging one for Sabina," said Tony Walsh, President and CEO, "the Company is now poised to deliver on its commitments to create further shareholder wealth. A strategic plan has been created that both pushes the large Hackett River Project forward, while at the same time looking for opportunities to provide solid share performance and create further value during the interim."
Hackett River is the Company's flag ship project in Nunavut Canada. Not only is it one of the largest undeveloped silver projects around, but it is in one of the world's most appealing mining jurisdictions. As announced earlier this month, the Company has added some key team members; is focusing on preserving cash; has completed this year's required work to push Hackett River forward; and is evaluating other projects and companies for merger and acquisition opportunities.
"We believe all these things are adding value to the Company, and put us in a great position with a great message when we start our major marketing campaign this month," said Mr. Walsh, "I have no doubt that Sabina has the elements of an attractive investment and that we will be able to communicate that to the investment community."
Financial Results
For the three months ended June 30, 2008, the Company reported a net loss of $6,778 as compared to net earnings of $4,543,187 for the same period in 2007. The earnings in fiscal 2007 were a result of sales of securities during that period. The Company's earnings are primarily derived from the interest, sales and changes in fair value on investments held for trading and sale. Expenses in the period were nearly offset by earnings in the same period.
The Company had cash and security investment resources of $44,598,201 at June 30, 2008 as compared with $50,632,747 at December 31, 2007. All security investment resources are held in guaranteed investment certificates at Canadian banks and in marketable Canadian securities. The decrease in cash and investment resources is primarily due to exploration expenditures of $8,936,422 in the six month period which was partially offset by an increase in fair market value of marketable Canadian securities held for resale. The Company is fully financed to reach its feasibility and permitting objectives on the Hackett River Project.
Subsequent to the end of the quarter, Mr. John Wakeford and Ms. Elaine Bennett were appointed Senior Vice-President, Corporate Development and Vice-President, Finance & Chief Financial Officer respectively (see News release dated August 20, 2008 on the Company's website).
Mr. Wakeford has been granted 700,000 stock options exercisable at a price of $0.99 per share for a period of five years; Ms. Bennett has been granted 500,000 stock options exercisable at a price of $0.90 per share for a period of five years.
For the full June 30, 2008 financial statements and Management's Discussion and Analysis, please see the Company website at www.sabinasilver.com.
SABINA SILVER CORPORATION is a Canadian public mineral exploration and development company with assets at the Hackett River silver-zinc project in the Canadian Arctic, the Del Norte project in the Stewart-Eskay Creek Mining District and several projects in the Red Lake gold camp.
Forward Looking Statements
Statements relating to permitting, feasibility and exploration work at the Hackett River project and the expected results of this work are forward-looking statements within the meaning of securities legislation of certain Provinces in Canada. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the estimation of metal reserves and resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Sabina's operations and other risks and uncertainties, including those described in Sabina's Annual Report for the year ended December 31, 2007.
Forward-looking statements are based on the beliefs, estimates and opinions of Sabina's management on the date the statements are made. Sabina undertakes no obligation to update these forward-looking statements should management's beliefs, estimates or opinions, or other factors, should change.
This news release has been authorized by the undersigned on behalf of Sabina Silver Corporation.
Tony Walsh, President and CEO
Contacts:
Sabina Silver Corporation
Nicole Hoeller
Director, IR
1-888-648-4218
Email: nhoeller@sabinasilver.com
Website: www.sabinasilver.com
SOURCE: Sabina Silver Corporation
mailto:nhoeller@sabinasilver.com
http://www.sabinasilver.com
Monday, August 11, 2008
Arian Silver's Exploration Update-San Jose: Phase-1 Drill Results Summary; Phase-2 Drilling Progresses
LONDON, UNITED KINGDOM, Aug 11, 2008 (Marketwire via COMTEX) ----Arian Silver Corporation ("Arian Silver" or the "Company") (TSX VENTURE:AGQ) (AIM:AGQ) (PLUS:AGQ) (FRANKFURT:I3A), the AIM and TSX-V listed silver exploration company with Mexican mineral properties, today announced it has received and tabulated all of the outstanding assay results from the Phase-1 drill programme at its San Jose Project in Zacatecas State, Mexico; while the Phase-2 drill programme is already well underway.
Highlights:
- Phase-1 drilled 11,772 metres (m) in 70 holes with 65 holes intersecting significant silver and base-metal mineralisation;
- Resource zones appear to be open along strike and down-dip;
- Phase-2 drill programme underway with 5,500m completed to date;
- Resource estimation update expected during Q3 2008.
The Phase-1 drill programme has achieved all of its goals to explore for the continuation of known silver zones and potential new areas of mineralisation, aimed at defining preliminary NI 43-101 resources around the San Jose Ramp. Several new veins have been discovered along with areas of stockwork-style mineralisation that the Company is currently evaluating for possible bulk-tonnage mineralisation. The drilling results also indicate that the higher-grade silver zones are open at depth.
Arian's Chief Executive Officer, Jim Williams, stated, "We are progressing extremely well with our systematic exploration of the San Jose Vein. To date we have only explored some four kilometres (km) of the San Jose Vein, which is a relatively small portion of the total estimated strike length, within our concessions, of more than 12 km. We are also encouraged by the discovery of the continuation of high-grade mineralisation adjacent to the historically mined areas. These high-grade zones may represent nearer-term targets for mining."
Appendix 1 sets out details of the complete sets of results from various batches from the Phase-1 drilling programme. Some of these results have been previously reported, as illustrated in the appendix. Highlights from the complete sets of results are as follows:
- 1.9m grading 1057.6 g/t Ag, 0.65% Pb and 1.17% Zn
- 2.4m grading 643.6 g/t Ag
- 2.3m grading 444.4 g/t Ag, 4.11% Pb and 8.81% Zn
- 7.9m grading 346.7 g/t Ag, 0.68% Pb and 1.47% Zn
- 4.8m grading 326.8 g/t Ag
- 2.5m grading 356.9 g/t Ag, 1.96% Pb and 3.45% Zn
- 3.6m grading 330.2 g/t Ag
- 9.6m grading 241.5 g/t Ag, 2.26% Pb and 5.21% Zn
- 10.2m grading 213.1 g/t Ag
- 4.2m grading 269.7 g/t Ag
- 3.4m grading 245 g/t Ag, 1.95% Pb, 2.59% Zn
- 7.25m grading 164.7 g/t Ag, 1.51% Pb and 2.03% Zn
- 50.9m grading 65.7 g/t Ag
- 42.4m grading 81.1 g/t Ag
- 13.4m grading 73.2 g/t Ag, 1.2% Pb and 3.1% Zn
- 2.2m grading 109.0 g/t Ag 2.5% Pb and 7.24% Zn.
The more recent holes from the Phase-1 programme have been collared no more than on 100 metre intervals along strike between the previously demarcated inferred resource areas (see Arian Silver's press release dated 3 March 2008 entitled, "Initial NI 43-101 Resource Calculation at San Jose" available on Sedar at www.sedar.com). The drilling has been designed to further delineate the San Jose Vein and to discover new silver-rich zones.
Arian Silver has submitted all of the Phase-1 drill-hole data to A.C.A. Howe International Limited to update the initial NI 43-101 resource estimation of March this year. The updated resource estimation is expected to be delivered during Q3 2008.
The Company has also completed 25 holes totalling 5,500m of its Phase-2 (12,000m) diamond-drill programme at the San Jose Property. Initial results for the Phase-2 holes are expected later this month. The Phase-2 drill programme is designed to test the San Jose Vein strike further to the west and for infill drilling on 50m or less intervals to gain additional information about metal distribution and controls on mineralisation that can be used to upgrade existing resources.
Additional information, including the collar locations of the drill-holes mentioned in this release, is illustrated in the longitudinal section contained in the following link.
http://media3.marketwire.com/docs/arian.pdf
About the San Jose Project
Arian Silver's 6,200-plus hectare San Jose Property is located in Zacatecas State, Mexico, 55km east of the mining town of Zacatecas, and within the renowned Fresnillo Silver Trend that hosts a number of world-class silver deposits.
Arian Silver Mexico S.A. de C.V., a wholly owned subsidiary of the Company, holds a 100% exclusive option to acquire the San Jose Project. The Project concessions include the past producing San Jose Mine, which was operated by a subsidiary of Penoles from 1973 to 1991 and then by Monarca, which operated the mine between 1993 and 2001. In 2001 the mine closed due to the then prevailing low silver prices.
QA/QC
All technical information for the San Jose Project is obtained and reported under a formal quality assurance and quality control (QA/QC) programme. The core is logged and photographed by Arian Silver staff and then split using a diamond saw. Half the core is stored on-site in a secure core shed and the other half is sampled, bagged and secured before being transported to a preparation facility in San Luis de Potosi, Mexico. The entire half-core is crushed and two kilograms is pulverized and homogenized. 150-gram pulp samples are then air freighted to OMAC's analytical laboratory in Ireland for analysis. Systematic assaying of duplicates is performed for precision and accuracy, with check assays regularly conducted by OMAC. Each sample has its own unique sample number. The laboratories in San Luis Potosi, Mexico and Ireland are ISO 17025 and ISO 9001:2000 accredited.
Approximately 5% of the analysed samples are re-sampled and sent to the ALS Chemex preparation facility in Guadalajara, Mexico. The samples consist of both coarse reject samples and 150-gram pulp samples. The coarse material is crushed and pulverised, and all the pulp samples are air freighted to ALS Chemex's analytical laboratories in Vancouver, British Columbia, for analysis. Results from all duplicate analyses are compared to identify potential analytical or sampling errors.
The OMAC and ALS Chemex laboratories are independent of Arian Silver.
The samples were analysed for 32 elements by ICP (inductively coupled plasma), proceeded by an Aqua Regia acid digestion. High-grade samples (gold greater than 3 g/t and silver greater than 200g/t) were re-analysed by fire assay with a gravimetric finish.
Additional information with respect to the San Jose Project is contained in a technical report prepared by A.C.A. Howe International Limited, dated 15 April, 2008, and entitled "Resource Estimation Study on the San Jose silver-lead-zinc prospect, Zacatecas, Mexico". A copy of this report can be obtained from the Company's page on SEDAR at www.sedar.com.
The "qualified person" (as such term is defined in NI 43-101) who prepared the current resource estimates for the San Jose Project is Mr. James Hogg. Mr. Hogg was at the time an employee of A.C.A. Howe International Limited.
Mr. Jim Williams, Eur Ing, Eur Geol, BSc, MSc, DIC, FIMMM, CEng, CGeol, and Chief Executive Officer of Arian Silver, is a "Qualified Person" as defined in the AIM guidelines of the London Stock Exchange, and a "Qualified Person" as defined in NI 43-101. This press release has been prepared under Mr. Williams' supervision. Mr. Williams has verified the data disclosed by this release (including sampling, analytical and test data underlying the information).
About the Company
Arian Silver Corporation is a silver exploration company listed on London's AIM and "PLUS", on Toronto's TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian Silver is active in Mexico, the world's second largest silver producing country. The Company's main projects are the Calicanto and San Jose projects in Zacatecas State and the Tepal project in Michoacan State. Part of Arian Silver's forward-looking strategy lies in the envisaged use of large scale mechanized mining techniques over wider mineralised structures, which reduces the overall operating cost per ounce of silver, and to build up NI 43-101 compliant resources.
Further information can be found by visiting Arian Silver's website: www.ariansilver.com or the Company's publicly available records at www.sedar.com.
To receive Company news via email, contact mirna@chfir.com and mention "AGQ News" on the subject line.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this release.
Forward-Looking Statements
This press release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, the mineral resource estimates referred to in this press release and statements regarding exploration results, potential mineralisation, potential mineral resources, future production and the Company's exploration and development plans and objectives) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, uncertainties relating to the availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, political developments in Mexico, changes to regulations affecting the Company's activities, foreign currency fluctuations, delays in obtaining or failures to obtain required regulatory approvals, the uncertainties involved in interpreting exploration results and other geological data, and the other risks involved in the mineral exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
SOURCE: Arian Silver Corporation
Arian Silver Corporation Jim Williams CEO (London)
+44 (0)207 529 7511 Email: jwilliams@ariansilver.com Arian Silver Corporation Fuad Sillem Investor Relations (London) +44
(0)207 529 7511 Email: info@ariansilver.com Bishopsgate Communications Limited Nick Rome (London) +44 (0)207 562 3350 Email:
Nick.Rome@bishopsgatecommunications.com Grant Thornton
Copyright: 2008 Marketwire. All rights reserved.
Highlights:
- Phase-1 drilled 11,772 metres (m) in 70 holes with 65 holes intersecting significant silver and base-metal mineralisation;
- Resource zones appear to be open along strike and down-dip;
- Phase-2 drill programme underway with 5,500m completed to date;
- Resource estimation update expected during Q3 2008.
The Phase-1 drill programme has achieved all of its goals to explore for the continuation of known silver zones and potential new areas of mineralisation, aimed at defining preliminary NI 43-101 resources around the San Jose Ramp. Several new veins have been discovered along with areas of stockwork-style mineralisation that the Company is currently evaluating for possible bulk-tonnage mineralisation. The drilling results also indicate that the higher-grade silver zones are open at depth.
Arian's Chief Executive Officer, Jim Williams, stated, "We are progressing extremely well with our systematic exploration of the San Jose Vein. To date we have only explored some four kilometres (km) of the San Jose Vein, which is a relatively small portion of the total estimated strike length, within our concessions, of more than 12 km. We are also encouraged by the discovery of the continuation of high-grade mineralisation adjacent to the historically mined areas. These high-grade zones may represent nearer-term targets for mining."
Appendix 1 sets out details of the complete sets of results from various batches from the Phase-1 drilling programme. Some of these results have been previously reported, as illustrated in the appendix. Highlights from the complete sets of results are as follows:
- 1.9m grading 1057.6 g/t Ag, 0.65% Pb and 1.17% Zn
- 2.4m grading 643.6 g/t Ag
- 2.3m grading 444.4 g/t Ag, 4.11% Pb and 8.81% Zn
- 7.9m grading 346.7 g/t Ag, 0.68% Pb and 1.47% Zn
- 4.8m grading 326.8 g/t Ag
- 2.5m grading 356.9 g/t Ag, 1.96% Pb and 3.45% Zn
- 3.6m grading 330.2 g/t Ag
- 9.6m grading 241.5 g/t Ag, 2.26% Pb and 5.21% Zn
- 10.2m grading 213.1 g/t Ag
- 4.2m grading 269.7 g/t Ag
- 3.4m grading 245 g/t Ag, 1.95% Pb, 2.59% Zn
- 7.25m grading 164.7 g/t Ag, 1.51% Pb and 2.03% Zn
- 50.9m grading 65.7 g/t Ag
- 42.4m grading 81.1 g/t Ag
- 13.4m grading 73.2 g/t Ag, 1.2% Pb and 3.1% Zn
- 2.2m grading 109.0 g/t Ag 2.5% Pb and 7.24% Zn.
The more recent holes from the Phase-1 programme have been collared no more than on 100 metre intervals along strike between the previously demarcated inferred resource areas (see Arian Silver's press release dated 3 March 2008 entitled, "Initial NI 43-101 Resource Calculation at San Jose" available on Sedar at www.sedar.com). The drilling has been designed to further delineate the San Jose Vein and to discover new silver-rich zones.
Arian Silver has submitted all of the Phase-1 drill-hole data to A.C.A. Howe International Limited to update the initial NI 43-101 resource estimation of March this year. The updated resource estimation is expected to be delivered during Q3 2008.
The Company has also completed 25 holes totalling 5,500m of its Phase-2 (12,000m) diamond-drill programme at the San Jose Property. Initial results for the Phase-2 holes are expected later this month. The Phase-2 drill programme is designed to test the San Jose Vein strike further to the west and for infill drilling on 50m or less intervals to gain additional information about metal distribution and controls on mineralisation that can be used to upgrade existing resources.
Additional information, including the collar locations of the drill-holes mentioned in this release, is illustrated in the longitudinal section contained in the following link.
http://media3.marketwire.com/docs/arian.pdf
About the San Jose Project
Arian Silver's 6,200-plus hectare San Jose Property is located in Zacatecas State, Mexico, 55km east of the mining town of Zacatecas, and within the renowned Fresnillo Silver Trend that hosts a number of world-class silver deposits.
Arian Silver Mexico S.A. de C.V., a wholly owned subsidiary of the Company, holds a 100% exclusive option to acquire the San Jose Project. The Project concessions include the past producing San Jose Mine, which was operated by a subsidiary of Penoles from 1973 to 1991 and then by Monarca, which operated the mine between 1993 and 2001. In 2001 the mine closed due to the then prevailing low silver prices.
QA/QC
All technical information for the San Jose Project is obtained and reported under a formal quality assurance and quality control (QA/QC) programme. The core is logged and photographed by Arian Silver staff and then split using a diamond saw. Half the core is stored on-site in a secure core shed and the other half is sampled, bagged and secured before being transported to a preparation facility in San Luis de Potosi, Mexico. The entire half-core is crushed and two kilograms is pulverized and homogenized. 150-gram pulp samples are then air freighted to OMAC's analytical laboratory in Ireland for analysis. Systematic assaying of duplicates is performed for precision and accuracy, with check assays regularly conducted by OMAC. Each sample has its own unique sample number. The laboratories in San Luis Potosi, Mexico and Ireland are ISO 17025 and ISO 9001:2000 accredited.
Approximately 5% of the analysed samples are re-sampled and sent to the ALS Chemex preparation facility in Guadalajara, Mexico. The samples consist of both coarse reject samples and 150-gram pulp samples. The coarse material is crushed and pulverised, and all the pulp samples are air freighted to ALS Chemex's analytical laboratories in Vancouver, British Columbia, for analysis. Results from all duplicate analyses are compared to identify potential analytical or sampling errors.
The OMAC and ALS Chemex laboratories are independent of Arian Silver.
The samples were analysed for 32 elements by ICP (inductively coupled plasma), proceeded by an Aqua Regia acid digestion. High-grade samples (gold greater than 3 g/t and silver greater than 200g/t) were re-analysed by fire assay with a gravimetric finish.
Additional information with respect to the San Jose Project is contained in a technical report prepared by A.C.A. Howe International Limited, dated 15 April, 2008, and entitled "Resource Estimation Study on the San Jose silver-lead-zinc prospect, Zacatecas, Mexico". A copy of this report can be obtained from the Company's page on SEDAR at www.sedar.com.
The "qualified person" (as such term is defined in NI 43-101) who prepared the current resource estimates for the San Jose Project is Mr. James Hogg. Mr. Hogg was at the time an employee of A.C.A. Howe International Limited.
Mr. Jim Williams, Eur Ing, Eur Geol, BSc, MSc, DIC, FIMMM, CEng, CGeol, and Chief Executive Officer of Arian Silver, is a "Qualified Person" as defined in the AIM guidelines of the London Stock Exchange, and a "Qualified Person" as defined in NI 43-101. This press release has been prepared under Mr. Williams' supervision. Mr. Williams has verified the data disclosed by this release (including sampling, analytical and test data underlying the information).
About the Company
Arian Silver Corporation is a silver exploration company listed on London's AIM and "PLUS", on Toronto's TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian Silver is active in Mexico, the world's second largest silver producing country. The Company's main projects are the Calicanto and San Jose projects in Zacatecas State and the Tepal project in Michoacan State. Part of Arian Silver's forward-looking strategy lies in the envisaged use of large scale mechanized mining techniques over wider mineralised structures, which reduces the overall operating cost per ounce of silver, and to build up NI 43-101 compliant resources.
Further information can be found by visiting Arian Silver's website: www.ariansilver.com or the Company's publicly available records at www.sedar.com.
To receive Company news via email, contact mirna@chfir.com and mention "AGQ News" on the subject line.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained in this release.
Forward-Looking Statements
This press release contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, the mineral resource estimates referred to in this press release and statements regarding exploration results, potential mineralisation, potential mineral resources, future production and the Company's exploration and development plans and objectives) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, uncertainties relating to the availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, political developments in Mexico, changes to regulations affecting the Company's activities, foreign currency fluctuations, delays in obtaining or failures to obtain required regulatory approvals, the uncertainties involved in interpreting exploration results and other geological data, and the other risks involved in the mineral exploration and development industry. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
SOURCE: Arian Silver Corporation
Arian Silver Corporation Jim Williams CEO (London)
+44 (0)207 529 7511 Email: jwilliams@ariansilver.com Arian Silver Corporation Fuad Sillem Investor Relations (London) +44
(0)207 529 7511 Email: info@ariansilver.com Bishopsgate Communications Limited Nick Rome (London) +44 (0)207 562 3350 Email:
Nick.Rome@bishopsgatecommunications.com Grant Thornton
Copyright: 2008 Marketwire. All rights reserved.
High Desert Gold Plans to Drill the Bluebird Copper-Silver Property
VANCOUVER, BRITISH COLUMBIA, Aug 11, 2008 (MARKET WIRE via COMTEX) -- High Desert Gold Corporation has awarded a drill contract to begin drilling on its Bluebird copper-silver property in western Montana. The 850 metre drilling program is scheduled to start in late August and is designed to test the continuity of the copper and silver mineralization which has been previously identified by drilling.
The Bluebird copper-silver project is located in Granite County, Montana approximately 25 miles south of Phillipsburg and 30 miles west of Anaconda. The property is a Spar Lake type target with the HDG property position covering a stratabound, primary copper-silver occurrence within the Bonner Formation of the Belt Supergroup. HDG controls 98 federal lode claims through staking and a lease agreement covering over 7,500 metres of strike length of the host stratigraphy.
The property was originally drilled by Anaconda Copper Company ("Anaconda") between 1979 and 1982. Partial information from this earlier drilling was obtained from the Anaconda collection files housed in Laramie, Wyoming. Reports state the results for two of the holes as: 29 metres at 0.88% Cu and 9.3 g/t Ag, including 10.4 metres at 1.68% Cu and 22.7 g/t Ag within diamond drill hole 1, and 19.8 metres at 0.34% Cu and 7.1 g/t Ag, including 6.1 meters at 0.76% Cu and 19.6 g/t Ag within diamond drill hole 2. Both of these holes were drilled in 1979 and are the only two holes for which there are complete results. The Anaconda drill results were released prior to the establishment of the National Instrument 43-101 reporting standards and may not be in compliance with the current standards, therefore may not be reliable and HDG is not relying on these results.
The host rocks are a series of sandstones which are similar to the mineralized beds within the Spar Lake deposits in western Montana. High-grade, primary mineralization consists of chalcocite within the matrix of the sandstone host rock. Secondary mineralization seen on surface consists of chrysocolla, malachite, and turquoise. Several deposits of this type are found in western Montana. They include the following: Spar Lake, Montanore and Rock Creek, all of which have reserves in the 50-100 million tonne range and copper grades in the 0.6-0.8 % range and contain up to two ounces of silver per tonne.
HDG collected 343 soil samples to geochemically define the trace of the host stratigraphy. The results of this work outline a mineralized strike length of 17,700 feet (5,400 metres) with copper values ranging up to 0.06% Cu within the soil. By accurately defining the trace of the mineralized stratigraphy the Company determined that most of the holes drilled by Anaconda would not have intersected the host unit as interpreted by HDG. This work also determined that there are areas showing significant copper values within the soils where no past drilling occurred.
This initial drilling program will consist of a total of 6 diamond drill holes which will determine if the copper-silver mineralization has continuity along strike.
The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The two major properties held by HDG are the flagship Canasta Dorada gold property in Sonora, Mexico, and the Gold Lake porphyry copper-gold-molybdenum property in New Mexico.
The Qualified Person on the Gold Lake property is Randall Moore, Executive Vice President of Exploration, High Desert Gold Corporation and he has reviewed the content of this press release.
Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests," "potential," "interpretation" and similar expressions. Information concerning the interpretation of soil samples and drill results also may be considered forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present if and when a project is actually developed. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. In particular, the Anaconda drilling results contained herein predate National Instrument 43-101 and may not be in compliance with the current reporting standards, therefore may not be reliable and HDG is not relying on these results. Except as required by law, HDG assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.
Contacts:
High Desert Gold Corporation
Richard Doran
Executive Vice President, Investor Relations
(303) 584-0606
(303) 758-2063 (FAX)
Email: rdoran@highdesertgoldcorp.com
SOURCE: High Desert Gold Corporation mailto:rdoran@highdesertgoldcorp.com
Copyright 2008 Market Wire, All rights reserved.
The Bluebird copper-silver project is located in Granite County, Montana approximately 25 miles south of Phillipsburg and 30 miles west of Anaconda. The property is a Spar Lake type target with the HDG property position covering a stratabound, primary copper-silver occurrence within the Bonner Formation of the Belt Supergroup. HDG controls 98 federal lode claims through staking and a lease agreement covering over 7,500 metres of strike length of the host stratigraphy.
The property was originally drilled by Anaconda Copper Company ("Anaconda") between 1979 and 1982. Partial information from this earlier drilling was obtained from the Anaconda collection files housed in Laramie, Wyoming. Reports state the results for two of the holes as: 29 metres at 0.88% Cu and 9.3 g/t Ag, including 10.4 metres at 1.68% Cu and 22.7 g/t Ag within diamond drill hole 1, and 19.8 metres at 0.34% Cu and 7.1 g/t Ag, including 6.1 meters at 0.76% Cu and 19.6 g/t Ag within diamond drill hole 2. Both of these holes were drilled in 1979 and are the only two holes for which there are complete results. The Anaconda drill results were released prior to the establishment of the National Instrument 43-101 reporting standards and may not be in compliance with the current standards, therefore may not be reliable and HDG is not relying on these results.
The host rocks are a series of sandstones which are similar to the mineralized beds within the Spar Lake deposits in western Montana. High-grade, primary mineralization consists of chalcocite within the matrix of the sandstone host rock. Secondary mineralization seen on surface consists of chrysocolla, malachite, and turquoise. Several deposits of this type are found in western Montana. They include the following: Spar Lake, Montanore and Rock Creek, all of which have reserves in the 50-100 million tonne range and copper grades in the 0.6-0.8 % range and contain up to two ounces of silver per tonne.
HDG collected 343 soil samples to geochemically define the trace of the host stratigraphy. The results of this work outline a mineralized strike length of 17,700 feet (5,400 metres) with copper values ranging up to 0.06% Cu within the soil. By accurately defining the trace of the mineralized stratigraphy the Company determined that most of the holes drilled by Anaconda would not have intersected the host unit as interpreted by HDG. This work also determined that there are areas showing significant copper values within the soils where no past drilling occurred.
This initial drilling program will consist of a total of 6 diamond drill holes which will determine if the copper-silver mineralization has continuity along strike.
The Company is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The two major properties held by HDG are the flagship Canasta Dorada gold property in Sonora, Mexico, and the Gold Lake porphyry copper-gold-molybdenum property in New Mexico.
The Qualified Person on the Gold Lake property is Randall Moore, Executive Vice President of Exploration, High Desert Gold Corporation and he has reviewed the content of this press release.
Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests," "potential," "interpretation" and similar expressions. Information concerning the interpretation of soil samples and drill results also may be considered forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present if and when a project is actually developed. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. In particular, the Anaconda drilling results contained herein predate National Instrument 43-101 and may not be in compliance with the current reporting standards, therefore may not be reliable and HDG is not relying on these results. Except as required by law, HDG assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.
Contacts:
High Desert Gold Corporation
Richard Doran
Executive Vice President, Investor Relations
(303) 584-0606
(303) 758-2063 (FAX)
Email: rdoran@highdesertgoldcorp.com
SOURCE: High Desert Gold Corporation mailto:rdoran@highdesertgoldcorp.com
Copyright 2008 Market Wire, All rights reserved.
Wednesday, August 6, 2008
Investing in Silver - How to Buy Silver Bullion Coins Under Spot
How would you like to buy silver bullion coins at a discount?
I'm going to tell you about a certain type of coins that you can purchase under the spot price of silver.
Yep. Below cost. The type of silver bullion that I'm referring to are 90% silver coin bags.
You'll often hear 90% silver coin bags referred to as 'junk silver' bags. They aren't really 'junk,' though. This term is simply used to describe a bag of circulated silver coins in average condition. These coins are really only valued for their silver content, not their collectible value.
'Junk silver' bags contain coins that were struck in 1964 or earlier, such as the silver Kennedy half dollars, Roosevelt dimes, and Washington quarters. They are comprised of 90% silver. After 1964, the amount of silver contained in coins was reduced to 40%.
Here's the neat part - the 90% silver bags containing dimes or quarters can be purchased through some dealers for as much as 1% under spot! It's like getting silver on sale! How cool is that?
Yes, the coins will look worn, have nicks, scratches, and show their 40-plus year-old- age. However, keep in mind, it's what inside that counts. And these 'junk silver' coins will usually still contain over 99 percent of their silver content.
So which would you rather have? A newly-minted, pristine American Silver Eagle that costs 9% (at current prices) over spot? Or a bag of 90% silver coins that you can buy for 1% under spot? If you buy the bags, you can get 10% more silver! Amazing, huh?
You can purchase 'junk silver' bags very easily online from any of the larger, reputable dealers or from your local coin shop in various sizes and denominations. Or, you can try one of the popular online auctions sites for even greater savings.
Article Source
I'm going to tell you about a certain type of coins that you can purchase under the spot price of silver.
Yep. Below cost. The type of silver bullion that I'm referring to are 90% silver coin bags.
You'll often hear 90% silver coin bags referred to as 'junk silver' bags. They aren't really 'junk,' though. This term is simply used to describe a bag of circulated silver coins in average condition. These coins are really only valued for their silver content, not their collectible value.
'Junk silver' bags contain coins that were struck in 1964 or earlier, such as the silver Kennedy half dollars, Roosevelt dimes, and Washington quarters. They are comprised of 90% silver. After 1964, the amount of silver contained in coins was reduced to 40%.
Here's the neat part - the 90% silver bags containing dimes or quarters can be purchased through some dealers for as much as 1% under spot! It's like getting silver on sale! How cool is that?
Yes, the coins will look worn, have nicks, scratches, and show their 40-plus year-old- age. However, keep in mind, it's what inside that counts. And these 'junk silver' coins will usually still contain over 99 percent of their silver content.
So which would you rather have? A newly-minted, pristine American Silver Eagle that costs 9% (at current prices) over spot? Or a bag of 90% silver coins that you can buy for 1% under spot? If you buy the bags, you can get 10% more silver! Amazing, huh?
You can purchase 'junk silver' bags very easily online from any of the larger, reputable dealers or from your local coin shop in various sizes and denominations. Or, you can try one of the popular online auctions sites for even greater savings.
Article Source
Friday, April 25, 2008
HiHo Silver Resources Expanding Exploration at Silvertip Project
Hi Ho Silver Resources Inc. announced it will be expanding its exploration at the Silver Tip Project in the southeastern portion of British Columbia.
Fred Fisher, President of Hi Ho Silver Resources Inc. says, “Historically the property is under explored, and utilizing modern systematic exploration techniques to confirm and prove mineralized showings, we will be in a position to advance the Property towards defining a mineable resource.”
Included in the 2008 expanded exploration will be "soil and rock sampling, geological mapping, trenching, opening up old workings, access road/trail construction, metallurgical work, prospecting, shallow drilling with portable drills and bulk sampling," said the press release.
While there are currently eight high-grade mineral showings, six of them are past production; the reason for expanding the exploration of the Property.
Fred Fisher, President of Hi Ho Silver Resources Inc. says, “Historically the property is under explored, and utilizing modern systematic exploration techniques to confirm and prove mineralized showings, we will be in a position to advance the Property towards defining a mineable resource.”
Included in the 2008 expanded exploration will be "soil and rock sampling, geological mapping, trenching, opening up old workings, access road/trail construction, metallurgical work, prospecting, shallow drilling with portable drills and bulk sampling," said the press release.
While there are currently eight high-grade mineral showings, six of them are past production; the reason for expanding the exploration of the Property.
Tuesday, April 15, 2008
Silver Conductive Inks Market Projected to Triple in 8 Years
Businesses have become interested in the silver conductive inks market again, as through the year 2015, the market is expected to triple reaching $2.4 billion, according to a NanoMarkets report, "Silver Inks and Pastes for Printable Electronics: 2008-2015."
During this period of time, the largest opportunity for silver inks demand "will be found in the RFID space where revenues from silver inks for RFID antennas alone will exceed $880 million by 2015. Based on the current excitement surrounding alternative energy, NanoMarkets expect the use of silver inks for solar panel contacts to grow to almost $250 million by 2015."
The obvious challenge in "the future of silver's use in electronics is undoubtedly its high cost. This is one reason that the traditional semiconductor industry has never seriously considered using silver for interconnects. Silver ink sales in the printable electronics business are also hurt by high prices. And with the price of silver almost doubling over the past year, this has really become an issue."
With silver prices seemingly on the way down, it's possible if it continues on that way it won't be much of an issue in about a year. That an assumption, and we really won't know until that happens. With gold expected to reach $1,000 again by the end of 2008, silver could ride on its coattails again.
If that happens, it could be a problem for projected silver demand.
Even so, the report projects that nanosilver inks will make up close to 21 percent of total ink sales in 2012. Most that will be because of the high conductivity of the metal, as well as it being able to be cured at low temperatures; an important part of the increasing role played by "thermally sensitive flexible substrates."
Friday, April 11, 2008
Silver News Weekend Roundup
=====
Penoles' Silver Unit Fresnillo to Raise $900 Million
Industrias Penoles SAB, the world's largest silver producer, plans to raise about $900 million by selling shares in its Fresnillo Ltd. unit to expand mines and cut debt. Penoles rose to a record on the Mexico stock exchange.
=====
Precious Metal Surprise: Silver a Real Comer
Hi-o Silver! After years of being thought of as a backwater of precious metals, and even threatened with demotion to an industrial metal, silver is back in the spotlight. The effect on common date silver coins couldn't be more welcome to collectors and investors, and is helping the market as a whole.
=====
Alberta Star Intersects 3.0 Meters of 25.3 g/ton Silver at the Camelback IOCG & Uranium Target
Alberta Star Development Corp. (OTCBB: ASXSF) is pleased to report that the Company has received assay results from the final four holes of a seventeen hole drill program from the 2007 summer/fall drill program at the Camelback IOCG & uranium target. The Company encountered 3.0 meters of 25.3 g/ton silver in drill hole number CB-07-08.
=====
PRECIOUS METALS: Gold, Silver Plunge
Silver futures for May delivery fell 35.3 cents, or 2 percent, to $17.69 an ounce, capping a 0.4 percent decline for the week. The metal is still up 19 percent this year.
=====
COT Silver Report - April 11, 2008
=====
Fundamental analysis for precious metals silver
Silver moved yesterday in the upside trend until the key resistance level at 18.40s. However as it lacked the strength to breach the mentioned resistance level, it fell to hit the critical support level at 17.85. Therefore, we expect silver to continue in the downside direction.
=====
Penoles' Silver Unit Fresnillo to Raise $900 Million
Industrias Penoles SAB, the world's largest silver producer, plans to raise about $900 million by selling shares in its Fresnillo Ltd. unit to expand mines and cut debt. Penoles rose to a record on the Mexico stock exchange.
=====
Precious Metal Surprise: Silver a Real Comer
Hi-o Silver! After years of being thought of as a backwater of precious metals, and even threatened with demotion to an industrial metal, silver is back in the spotlight. The effect on common date silver coins couldn't be more welcome to collectors and investors, and is helping the market as a whole.
=====
Alberta Star Intersects 3.0 Meters of 25.3 g/ton Silver at the Camelback IOCG & Uranium Target
Alberta Star Development Corp. (OTCBB: ASXSF) is pleased to report that the Company has received assay results from the final four holes of a seventeen hole drill program from the 2007 summer/fall drill program at the Camelback IOCG & uranium target. The Company encountered 3.0 meters of 25.3 g/ton silver in drill hole number CB-07-08.
=====
PRECIOUS METALS: Gold, Silver Plunge
Silver futures for May delivery fell 35.3 cents, or 2 percent, to $17.69 an ounce, capping a 0.4 percent decline for the week. The metal is still up 19 percent this year.
=====
COT Silver Report - April 11, 2008
=====
Fundamental analysis for precious metals silver
Silver moved yesterday in the upside trend until the key resistance level at 18.40s. However as it lacked the strength to breach the mentioned resistance level, it fell to hit the critical support level at 17.85. Therefore, we expect silver to continue in the downside direction.
=====
Tuesday, April 8, 2008
Mexican Silver Mines Ltd. (CDNX:MSM.V) announced the addition of Jim Glass to the company's board of directors, as Bill Dynes stepped down to pursue work as an "independent geological consultant in the industry."
Glass currently is a partner in Ascenta Capital Partners Inc., and oversees business development and sales.
He has had a lot of experience taking companies from their early stage and developing them into successful enterprises. He took energy company Gresham Resources Inc., and oil and gas firm, which eventually was bought out by True Energy Inc., based in Alberta.
The press release says Glass also has "experience providing investor relations, marketing, management, operation and administration for public companies."
Glass currently is a partner in Ascenta Capital Partners Inc., and oversees business development and sales.
He has had a lot of experience taking companies from their early stage and developing them into successful enterprises. He took energy company Gresham Resources Inc., and oil and gas firm, which eventually was bought out by True Energy Inc., based in Alberta.
The press release says Glass also has "experience providing investor relations, marketing, management, operation and administration for public companies."
Thursday, April 3, 2008
Endeavour Silver Announces Conference Call Time and Date for 2007 Year-End Financial Results
Endeavor Silver (Toronto: EDR.TO) rescheduled its 2007 Year-End Financial Results Conference Call in order to give shareholders some extra time to look over the 2007 financial statements, said the company.
As a result, the new call will take place on Monday, April 7, 2008, at 2: PM EST.
In their press release, the company gave these numbers to access the call:
- 1-800-732-0232 Canada & USA (Toll-Free)
- 416-644-3415 Toronto area callers
- No pass code necessary
They also said if you can't access the call at that time, shareholders have until April 21, 2008 to listen to a replay by dialing 1-877-289-8525 toll free in Canada or the U.S. If you live in the Toronto area you can dil 416-640-1917. The pass code for those numbers will be 21268130 followed by the No. key.
There will also be a simultaneous webcast of the conference call will be posted on the home page of the company's website, www.edrsilver.com.
As a result, the new call will take place on Monday, April 7, 2008, at 2: PM EST.
In their press release, the company gave these numbers to access the call:
- 1-800-732-0232 Canada & USA (Toll-Free)
- 416-644-3415 Toronto area callers
- No pass code necessary
They also said if you can't access the call at that time, shareholders have until April 21, 2008 to listen to a replay by dialing 1-877-289-8525 toll free in Canada or the U.S. If you live in the Toronto area you can dil 416-640-1917. The pass code for those numbers will be 21268130 followed by the No. key.
There will also be a simultaneous webcast of the conference call will be posted on the home page of the company's website, www.edrsilver.com.
Wednesday, April 2, 2008
Robert Boaz New President and CEO of Aura Silver
Aura Silver Resources Inc (CDNX: AUU.V) announced that Robert Boaz would assume the duties of President and CEO of the company. Former CEO Jeffrey Klenda will stay on as Chairman of the Board. Former President Paul Pitman will remain with the company as a consulting geologist, said the company in a press release.
Jeffrey Klenda, Chairman stated: "We are pleased that Robert Boaz has agreed to accept these management leadership roles for Aura Silver. His considerable experience in the investment industry and knowledge of the resource sector will allow us to take Aura Silver to the next level of corporate growth. Aura Silver remains well funded with approximately $1.4 million cash on hand.
"Further, the Company has reached a stage whereby the considerable geological experience of Mr. Pitman, Eric Craigie, Director and Vice President of Exploration of the Company, and Dr. James Franklin, Director of the Company, can now focus on further developing and adding to our portfolio of properties. We expect that 2008 will be a pivotal year for Aura Silver. Our joint venture with Intrepid Mines Ltd. is set to initiate the second phase drilling program at the Taviche, Mexico properties in Oaxaca during the summer of 2008; and the Company will continue work programs at our Greyhound, Nunavut property."
Along with working in the power and natural gas industry, Boaz has 18 years of experience in the financial industry. Boaz has been a directer with Aura Silver since September 2006.
Tuesday, April 1, 2008
Silver Producers' Shares Plunge as U.S. Dollar Strengthens
The U.S. dollar continues to wreak havoc in the overall commodities market, as prices plunge in response to the greenback's recent strength.
Silver was no different, as it dropped to $16.63 an ounce on late morning Tuesday, down from Monday's close of $18.11. Shares of silver producers fell along with the silver prices.
Some silver producers falling were Coeur d'Alene Mines Corp. (NYSE: CDE), which fell by 28 cents, or 6.9 percent, to $3.76; Pan American Silver Corp. (Nasdaq:PAAS) dropped $1.97, or 5.1 percent, to $36.41; and Silver Wheaton Corp. (NYSE:SLW) fell 55 cents, or 3.5 percent, to $14.98.
The Dow Jones-AIG Silver Index dropped 4.2 percent.
Along with the stronger U.S. dollar, another factor is the slowing U.S. economy, which some believe will decrease the chances that inflation will rear its ugly head, making precious metals less valuable in the eyes of investors, who typically go there in inflationary times.
The manufacturing index of the Institute of Supply Management said it came in at 48.6 in March, The thinking is if it's below 50 there is a contraction going on in the economy, rather than expansion.
As usual, this is today's activity and response. When the dollar weakens again we could see all this change very quickly.
Friday, March 28, 2008
What's Happening with Silver
Silver News from around the Web
=====
Soltoro Receives Notice Southern Silver Proceeding With Second Year Earn in Option at Quila
Soltoro Ltd (TSX VENTURE: SOL) has received notification from Southern Silver Exploration Ltd. that it wishes to proceed into the second year of its option on the Quila gold-silver-copper project in Jalisco, Mexico.
=====
Silver Eagle Intersects Mineralization in 17 New Drill Holes
Silver Eagle Mines Inc. ("Silver Eagle" or the "Company") (TSX: SEG) is pleased to announce results from 20 additional diamond drill holes, all but one drilled on the Calvario vein system at its Miguel Auza Mine in northwestern Zacatecas, Mexico.
=====
Silver Bull Market Outperforming Gold
Mine production could not satisfy physical demands of either gold or silver. However, I like silver better because most official sectors, such as the US government, have run out of silver.
=====
Increase in gold, silver prices testing resolve of coin collectors
The recent boom in the gold and silver markets has tested the resolve of many coin collectors, who have to decide whether to add to their collections now or wait until some time in the future when precious metals dip to a more affordable level.
=====
Silver Spruce Resources Inc.: Drilling Begins on Mount Benedict Property, East End of Labrador's CMB
Silver Spruce Resources Inc. is pleased to announce that diamond drilling has begun on the, T-649 and Super 7 showings on the Mount Benedict Property, located in the eastern part of the Central Mineral Belt (CMB) of Labrador.
=====
Goldcliff Discovers New-Ainsworth Silver Targets
Leonard W. Saleken, Chairman of Goldcliff Resource Corporation (TSX VENTURE:GCN) is pleased to report the discovery of five new silver exploration targets on the Ainsworth Silver claims.
=====
=====
Soltoro Receives Notice Southern Silver Proceeding With Second Year Earn in Option at Quila
Soltoro Ltd (TSX VENTURE: SOL) has received notification from Southern Silver Exploration Ltd. that it wishes to proceed into the second year of its option on the Quila gold-silver-copper project in Jalisco, Mexico.
=====
Silver Eagle Intersects Mineralization in 17 New Drill Holes
Silver Eagle Mines Inc. ("Silver Eagle" or the "Company") (TSX: SEG) is pleased to announce results from 20 additional diamond drill holes, all but one drilled on the Calvario vein system at its Miguel Auza Mine in northwestern Zacatecas, Mexico.
=====
Silver Bull Market Outperforming Gold
Mine production could not satisfy physical demands of either gold or silver. However, I like silver better because most official sectors, such as the US government, have run out of silver.
=====
Increase in gold, silver prices testing resolve of coin collectors
The recent boom in the gold and silver markets has tested the resolve of many coin collectors, who have to decide whether to add to their collections now or wait until some time in the future when precious metals dip to a more affordable level.
=====
Silver Spruce Resources Inc.: Drilling Begins on Mount Benedict Property, East End of Labrador's CMB
Silver Spruce Resources Inc. is pleased to announce that diamond drilling has begun on the, T-649 and Super 7 showings on the Mount Benedict Property, located in the eastern part of the Central Mineral Belt (CMB) of Labrador.
=====
Goldcliff Discovers New-Ainsworth Silver Targets
Leonard W. Saleken, Chairman of Goldcliff Resource Corporation (TSX VENTURE:GCN) is pleased to report the discovery of five new silver exploration targets on the Ainsworth Silver claims.
=====
Wednesday, March 26, 2008
U.S. Silver Corporation Hires Two Senior Level Geologists
In a press release, U.S. Silver Corporation announced they had hired two senior level geologists: Greg Nickel and Jeffrey Moe.
Nickel will be part of a team at the Galena Mine, where he's worked before. He will be the Senior Exploration Geologist. His responsibilities will include the underground exploration of the Coeru, Galena and Caladay. Nickel spent three years at the Galena mine as a geologist from 1988 through 1991.
He also helped in getting the operations at the property going again in 1995-1997 in the capacity of Chief Geologist. Eventually he was the Chief engineer through 2000. He has over 20 years of experience in geology, diverse mining, hydrogeology and engineering.
Moe will enter the company as a Senior Mine Geologist, also at the Galena Mine. Moe used to be the Chief Geologist at the Sterling Mine Co. at the Sunshine Mine.
At the same mine he also worked as a mine and exploration geologist from 1995-2000.
His job responsibilities will include geologic modeling to support the exploration and production progrmas. He will also be responsible for "data management, quality assurance/quality control, and estimation of ore reserves," said U.S Silver in their press release.
U.S. Silver owns and operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho.
According to the company, the Galena Mine is the second most prolific silver mine in the history of the U.S., with production exceeding 210 million ounces of silver since 1953.
The company has control over approximately 18,000 acres of land in the middle of the Coeur d'Alene Mining District.
Tuesday, March 25, 2008
Pan American Silver Corp. Confirms Filing of 2007 Audited Financial Statements
According to Pan American Silver Corp. (NASDAQ: PAAS), they have officially filed their audited financial statements to the appropriate Canadian securities regulatory authorities.
The company will also file their annual 2007 information form by March 31, 2008.
At the same time, they will file the same document with the SEC via For 40-F.
Pan American Silver now has seven mines operating in Mexico, Bolivia and Peru. An eigth mine in Argentina is scheduled to begin production sometime in the second quarter of 2008, says the company.
The company will also file their annual 2007 information form by March 31, 2008.
At the same time, they will file the same document with the SEC via For 40-F.
Pan American Silver now has seven mines operating in Mexico, Bolivia and Peru. An eigth mine in Argentina is scheduled to begin production sometime in the second quarter of 2008, says the company.
Friday, March 21, 2008
Silver Falls Almost 18 Percent for the Week
The tremendous plunge in the paper market contracts for silver has been the reverse in the physical markets, as they are going in opposite directions.
There's been a lot of chatter lately that there are physical coin shortages; especially silver coin.
While the rumors may be true, it's probably in the silver coin market, not with LBMA bars, which, according to Goldmoney.com founder and Chairman James Turk, "will always be available."
Last spot rates for silver were $16.86 an ounce, close to the low of $16.752.
There's been a lot of chatter lately that there are physical coin shortages; especially silver coin.
While the rumors may be true, it's probably in the silver coin market, not with LBMA bars, which, according to Goldmoney.com founder and Chairman James Turk, "will always be available."
Last spot rates for silver were $16.86 an ounce, close to the low of $16.752.
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vroJWjheuaoUjDvKaLsCShHyo5T40dzSSmdt6qdlDqzbZfHCkTdWqxWOJxDZ-0yxQrEtK84wv8jJTtkTP17LW1q_V21OaWTrDdNfD_6fHut7uX2_G4On-W5ctWoBObnnZlB4_2=s0-d)
Subscribe to:
Posts (Atom)
