Amera Resources Corp.
-- June 13, 2008 -- Amera Announces $541,800 Private
Placement and Closes Brokered Financing |
Aura Silver Resources
-- June 4, 2008 -- Aura Silver Appoints W. William Boberg as Director |
Aurizon Mines Ltd.
-- June 12, 2008 -- Aurizon defines Gold Targets and Commences Exploration Program at Kipawa |
Commerce Resources Corp.
-- June 11, 2008 -- Two Drills in Operation at Blue River Tantalum and Niobium Project in British Columbia |
Coral Gold Resources Ltd.
-- June 17, 2008 -- Coral Gold Drilling Starts at The Robertson Property, Nevada |
Eastmain Resources Inc.
-- June 13, 2008 -- Eastmain Resources Inc. Announces Increase To Bought Deal Private Placement of Units Financing |
El Niño Ventures Inc.
-- June 4, 2008 -- El Niño Ventures Vests with 50% Interest in Bathurst Claims |
GLR Resources Inc.
-- May 30, 2008 -- GLR Receives Ministerial Approval to Develop the Goldfields Project |
International PBX Ventures Ltd.
-- May 13, 2008 -- Drilling Begins on Tabaco Copper Property |
Minera Andes Inc.
-- June 6, 2008 -- Minera Andes Drilling Cuts 217 Meters (712Ft) of 0.77
Percent Primary Copper Mineralization at Los Azules Project |
Romios Gold Resources Inc.
-- May 29, 2008 -- Romios Gold's Geophysical Surveys Outline Anomalies Adjoining the North West Zone at Galore Creek in North Western British Columbia
-- June 12, 2008 -- Romios Gold Names Brian E. Robertson to Its Board of Directors |
Rye Patch Gold Corp.
-- June 11, 2008 -- Rye Patch Gold Grants Stock Options |
San Gold Corp.
-- June 10, 2008 -- Hinge #4 Zone Continues to Grow With Additional High Grade Gold at Depth |
Teryl Resources Corp.
-- May 20, 2008 -- Teryl Resources Receives Work Program for the 2008 Season on the Gil Joint Venture, Fairbanks, Alaska |
Ur-Energy Inc.
-- June 11, 2008 -- Ur-Energy Inc.: Major Drilling Effort at Lost Creek |
Amera Resources Corp.
Amera Announces $541,800 Private
Placement and Closes Brokered Financing
VANCOUVER, BC, June 13, 2008 - Amera Resources Corporation (the "Company") (TSX.V: AMS; OTC: AJRSF; Frankfurt: OAY) is pleased to announce a non-brokered private placement financing of up to 3,870,000 units ("Units") at a price of $0.14 per Unit, subject to regulatory approval. Each Unit will consist of one common share and one half common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company for a period of two years at a price of $0.18 per share.
This financing is subject to regulatory approval and a four-month hold period.
Additionally, the Company is pleased to announce that it has closed the second and final tranche of the brokered private placement announced on April 16, 2008. The second and final tranche consisted of 150,000 units ("Units") at a price of $0.14 per Unit for gross proceeds of $21,000. Each Unit consists of one common share ("Common Share") and one-half of one non-transferable share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional Common Share in the capital of the Company exercisable on or before April 30, 2010 at a price of $0.18 per share.
Canaccord Capital Corporation ("Canaccord") acted as agent to the Company in respect of such second tranche and received a cash commission of $1,680 and an Agent's Warrant entitling the purchase of up to 12,000 Common Shares in the capital of the Company at a price of $0.18 per share on or before June 12, 2010.
The securities are subject to a hold period expiring on October 13, 2008.
The proceeds from both of these financings will be used for general working capital and for further exploration and development of the Company's property portfolio in Peru.
About Amera Resources Corporation
Amera Resources Corporation is a metals exploration company focused on the Americas. Its strength lies in the discovery and advancement of prospective properties throughout North and South America. The Company is in the midst of an aggressive exploration program focused on its property portfolio in Peru. Management is constantly evaluating new opportunities through its extensive network of contacts in the resource sector. The Amera team is committed to growth and adding shareholder value through precious and base metal discoveries
For further information on Amera Resources Corp. please contact Nikolaos Cacos, President & CEO, or Alex Mason, Corporate Communications, at 1-800-901-0058 or (604) 687-1828, or fax (604) 687-1858. E-email info@ameraresources.com, Visit the company's website at www.ameraresources.com.
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Aura Silver Appoints W. William Boberg as Director
OTTAWA, ON - June 4, 2008 - Aura Silver Resources Inc. (TSX.V: AUU) (the "Company" or "Aura Silver") is pleased to announce the appointment of W. William Boberg as an independent director of the Company. In addition, Mr. Boberg will become a member of the Audit Committee for Aura Silver.
Mr. Boberg is presently President and Chief Executive Officer and a director of Ur-Energy Inc. (since January 2006) and previously was Ur-Energy Inc.'s senior U.S. geologist and VP U.S. Operations (September 2004 to January 2006). Prior to his involvement with Ur-Energy Inc., Mr. Boberg was a consulting geologist having over 40 years experience investigating, assessing and developing a wide variety of mineral resources in a broad variety of geologic environments in Western North America, South America and Africa. Mr. Boberg has over 20 years experience exploring for uranium in the continental United States. He has worked for Continental Oil Corporation, Wold Nuclear, Kennecott Exploration Inc., Western Mining Corporation, Canyon Resources Corporation and Patrician Gold. He discovered the Ruby Ranch and the Moore Ranch uranium deposits as well as several smaller deposits in Wyoming's Powder River Basin. He has his Masters degree in Geology from the University of Colorado and is a registered Wyoming Professional Geologist.
Jeffrey Klenda, Chair of Aura Silver stated: "We are pleased that Bill Boberg has agreed to accept this independent director position with Aura Silver. His considerable experience as a senior executive in the resource sector will further strengthen the depth and expertise on the Aura Silver board."
Additionally, the Company wishes to provide a correction to its press release of April 29, 2008. The expiry date of stock options granted is April 1, 2013 versus April 1, 2011 as previously announced.
About Aura Silver Resources Inc.
Aura Silver is a TSX Venture listed company engaged in the acquisition, exploration and development of precious metal prospects in North America with a focus on silver. The Company has 35,267,727 common shares outstanding.
For further information on Aura Silver Resources Inc. contact Robert Boaz, President and CEO at (905) 403-8010 or by email at boaz@aurasilver.com. Visit the website at www.aurasilver.com.
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Aurizon Mines Ltd.
Aurizon defines Gold Targets and
Commences Exploration Program at Kipawa
VANCOUVER, BC, June 12, 2008 - Aurizon Mines Ltd. (TSX: ARZ; AMEX: AZK) is pleased to report that it has defined several gold targets from its 2007 exploration activity and has commenced a $500,000 exploration program including prospecting, drilling and trenching at its 100 percent owned Kipawa project in north-western Quebec, Canada.
The Kipawa project is located approximately 100 kilometres south of Rouyn-Noranda, in the Temiscaming region, along the provincial border. The project was initially acquired by Aurizon on the basis of a government regional stream sediment survey.
The Southern block is located in the Kipawa alkaline intrusive complex, in an area already known from public files for its gold anomalies in till and for its rare earth and uranium potential.
Following the first phase of prospecting, till survey and hammer prospecting, on an area of approximately 600 square kilometres, two exploration targets for gold mineralization, each covering ten square kilometres, have been identified in the Southern block of the Kipawa property.
In the Trout area, an induced polarization ("IP") survey performed up trend of previously discovered gold in till anomalies has identified fifteen elongated conductive zones, which will be tested by trenching and drilling. A geochemical soil survey covering over 500 metres along the main structure, in the Great Land area, identified targets for a drilling and trenching program.
The Northern block covers an area of 660 square kilometres on highly metamorphosed Archean rocks of the Grenville Front geological province. Previous stream sediments sampling programs from the Ministère des Resources Naturelles du Quebec (PRO-97-04) identified clusters of anomalous gold values in the area.
Initial field work resulted in the collection of 234 till samples using a spacing interval of 0.5 kilometres. Five gold bearing dispersion trains have been identified in the Northern block. Additional sampling inside the dispersion trains resulted in the identification of gold grain concentrations in four (4) trains. The grains were sub-rounded to delicate shape which indicates that the samples could be close to the source of the potential gold mineralization.
Rock chips taken on sampling sites returned occasional anomalous values between 30 and 100 ppb gold inside three (3) of the four (4) gold trends.
A follow up program comprising hammer prospecting and detailed sampling has commenced.
Outlook
Drilling and trenching of more advanced targets will be performed as soon as the appropriate permits and approvals are obtained, which is expected to occur in the third quarter of 2008. The initial gold exploration budget for 2008 is $500,000.
Aurizon has continuously worked in close collaboration with the First Nation communities of Eagle Village and Wolf Lake over the last two years, and expects to incorporate into an agreement, the foundation for developing mineral potential in the Kipawa area.
Aurizon Reports Additional Rare Earth And
Uranium Results At Kipawa Project
VANCOUVER, BC, JUNE 13, 2008 - Aurizon Mines Ltd. (TSX: ARZ; AMEX: AZK) is pleased to report results from its 2007 surface exploration program, at its 100 percent owned Kipawa Gold-Uranium-Rare Earth project, north-western Quebec, Canada.
The Kipawa project is an early stage exploration project located approximately 100 kilometres south of Rouyn-Noranda, Quebec, halfway between the Elliot Lake uranium camp and the Abitibi gold belt and was initially acquired by Aurizon on the basis of a government regional stream sediment survey.
Aurizon has received new exploration data from its 2007 exploration program which included regional till sampling, prospecting, geophysics and soil geochemistry.
Eleven (11) new results received from Snake and Eagle grab samples confirm the grade potential for uranium (U3O8), yttrium (Y) and rare earths elements (REE). See results at the website www.aurizon.com.
Qualified Person and Quality Control
Assays were performed on grab samples, averaging two kilograms. Exploration primary assaying was performed at ALS Chemex, located in Val-d'Or, Quebec Determination of uranium and rare earth elements were conducted with lithium metaborate fusion followed by standard ion couple plasma mass spectrometry assays. Reference materials and blanks are inserted in the sample sequence for quality control. Rare earth elements above detection limits were sent to INRS-ETE laboratory, located in Quebec City. Assays were performed with alkaline fusion followed by ion couple plasma mass spectrometry assays. Reference materials and blanks are inserted in the sample sequence for quality control.
Information of a scientific or technical nature in this news release, work, sampling, implementation and the quality control program has been prepared by or under the supervision of Martin Demers, P.Geol. Exploration Manager, qualified person as defined by National Instrument 43-101.
One sketch is attached showing the relevant area of the Kipawa project and results. All other information previously released on the Kipawa project is also available on the Aurizon website www.aurizon.com.
Aurizon Mines Ltd. is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, one of the world's most prolific gold and base metal regions, and by increasing its asset base through accretive transactions.
For more information on Aurizon Mines Ltd. and its properties contact David Hall, President and CEO at 604-687-6600 or Toll Free: 1-888-411-GOLD, Fax: 604-687-3932. E-mail: info@aurizon.com or visit the website at www.aurizon.com.
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Two Drills in Operation at Blue River Tantalum
and Niobium Project in British Columbia
VANCOUVER, BC, June 11, 2008 - Commerce Resources Corp. (TSX.V: CCE) (FSE: D7H) ("the Company") is pleased to announce the start of its 2008 diamond drilling and field work program on the Blue River Tantalum and Niobium Project. The property, wholly owned by Commerce Resources, covers in excess of 1,000 sq. km and is located about 10 km north of the town of Blue River, British Columbia.
The 2008 program has two major thrusts: the first is continued development of the Upper Fir tantalum and niobium deposit towards a pre-feasibility study and the second is to build on the strong results obtained from the 2007 exploration program through geological evaluation and diamond drilling of several new exploration targets.
Upper Fir Development Program 2008
The initial phase of drilling will include two drill rigs and include up to 20,000 m of drilling in 50 holes. The work commenced on June 3, 2008.
With positive results, infill and step out holes on the Upper Fir deposit are targeted to provide sufficient drill density and zone continuity to allow conversion of resources previously identified as inferred into the indicated category.
An application to collect a bulk sample of up to 10,000 tonnes of mineralized carbonatite for the purposes of conducting metallurgical test work also has been submitted to the Ministry of Energy, Mines & Petroleum Resources, and is currently under review.
Regional Exploration Program 2008
Building on the work from the previous exploration, continued mapping, soil and rock sampling, trenching and ground-based geophysics as well as helicopter prospecting and air photo interpretation, will target areas which include the Bone Creek and Howard Creek carbonatites. The regional evaluation is expected to run until October.
Exploration drill targets for this season include: the Switch Creek carbonatite, where 2 holes totaling 400 m were completed last season. One hole intersected carbonatite which graded 238 ppm Ta205 and 1,793 ppm Nb205 over 1.01 m. Up to 15 drill holes are planned for Switch Creek.
A second drill target area is the Lower Gum Creek, an area identified in 2007 by a band of anomalous tantalum and Rare Earth Element (REE) values located to the east of the Upper Fir. This anomaly suggests the presence of a new zone tentatively named the Lower Gum Creek carbonatite. This zone may also be the source of the anomalous stream sediment samples that returned values of 12,903 ppm combined REE's and up to 6,409 ppm Nb205. Up to 15 drill holes are planned for the Lower Gum Creek zone.
Drilling operations will be performed by Beaupre Diamond Drilling Inc., under the supervision of geologist John Gorham, P.Geol. of Dahrouge Geological Consulting Ltd., a qualified person as defined by National Instrument 43-101.
For further details on Commerce Resources Corp. contact Chris Grove, Corporate Communications at toll-free 866-484-2700, Fax: (604) 681-8240. E-mail: info@commerceresources.com or visit the website at www.commerceresources.com.
Coral Gold Drilling Starts at
The Robertson Property, Nevada
VANCOUVER, BC, June 17, 2008 - Coral Gold Resources Ltd. (TSX.V: CLH; OTC: CGREF) ("Coral" or the "Company") announces that the 37,000 ft Reverse Circulation program has started at Coral Gold's Robertson property in Nevada, USA.
The Company has entered into a contract for 37,600 feet of reverse circulation drilling on the Company's 100% owned Robertson property at Crescent Valley, Nevada with Lang Exploratory Drilling of Salt Lake City, Utah.
"This contract represents Phase 1 of an ambitious, two-phase program for 2008", says Coral President David Wolfin. In the first phase, we expect to drill 52 reverse circulation holes. Phase 2, for which we already have a contract with Boart Longyear, will include 11,000 feet of diamond drilling.
Both Phase 1 and Phase 2 are aimed at expanding and upgrading Robertson's 2.3 million-ounce inferred resource. In February 2008, Beacon Hill Consultants reported the Robertson resource, to date situated in a small portion of the property, had increased by more than 110% from the previous calculation. The updated resource was calculated from work completed in 2006 and 2007. With the 2008 drilling, Coral hopes to upgrade a significant portion of the inferred resources into the measured and indicated categories.
The reverse circulation drilling of Phase 1 will range in depth from 500 to 1,200 feet. This work will focus on key, shallow-lying zones locally exposed on surface and also potentially in an open pit mining configuration. Some of the new resources remain open to expansion on strike and at depth.
The planned 21 diamond drill holes of Phase 2 are expected to range from 300 to 1,000 feet in depth. Phase 2 drilling will:
1) Provide geological data on the controls of mineralization
2) Provide geotechnical data for RQD (Rock Quality Designation) and specific gravity
3) Help confirm grade and continuity
4) Provide material for metallurgical testing
Phase 2 is now expected to start in July.
"Both drilling phases are expected to continue well into the Fall", says David Wolfin. "Management is confident that this season's drilling will be successful and expand our inferred resource and increase our measured reserve".
Robert McCusker, Consultant Geologist will supervise the drilling programs as Qualified Person for National Instrument 43-101.
This news release prepared by Chris Sampson, P.Eng., VP Exploration and Director, is a Qualified Person as defined by NI 43-101.
For more information on Coral Gold Resources Ltd. contact David Wolfin, President at (604) 682-3701, Fax: (604) 682-3600. E-mail: ir@coralgold.com or visit the website at www.coralgold.com.
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Eastmain Resources Inc. Announces Increase
To Bought Deal Private Placement of Units Financing
TORONTO, ON, June 13, 2008 - Eastmain Resources Inc. ("Eastmain") is pleased to announce that it has agreed to increase the size of the previously announced private placement to $14,000,000. Pursuant to a revised letter agreement, the underwriters led by Macquarie Capital Markets Canada Ltd. and including Genuity Capital Markets and Laurentian Bank Securities (together the "Underwriters") have agreed to purchase on a private placement basis 10,000,000 units (the "Units"), at a price of $1.40 per Unit (the "Issue Price") for gross proceeds to Eastmain of $14,000,000. The Underwriters have the option to purchase up to an additional 1,500,000 Units at the Issue Price up to 48 hours prior to closing of the offering. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase one common share at a price of $2.00 for a period of 24 months following the closing of the offering.
The offering is scheduled to close on or about July 3rd, 2008 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange.
The net proceeds of the offering will be used for continued development of the Company's Clearwater gold project that hosts the Eau Claire Deposit, the Éléonore South JV, the Eastmain Mine, and other advanced exploration properties in Quebec and Ontario, and for general corporate purposes.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
About Eastmain Resources Inc.
With its focus on the district of James Bay, Québec, Eastmain is a Canadian gold exploration company with 100% interest in the Eau Claire and Eastmain gold deposits. Eastmain also holds interest in 12 projects within the district, including the Éléonore South property, where a sedimentary-gold discovery has been found in a similar geologic setting to Goldcorp's Roberto deposit. The Company has a minimum budget of $3.75 million for gold exploration in Québec.
For further information on Eastmain Resources Inc. contact Donald J. Robinson, President or Catherine Butella, Exploration Manager at (519) 940-4870, Fax: (519) 940-4871. E-mail: robinson@eastmain.com. Visit the website at www.eastmain.com
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El Niño Ventures Inc.
El Niño Ventures Vests with
50% Interest in Bathurst Claims
VANCOUVER, BC, June 4, 2008 - El Niño Ventures Inc. ("El Niño" and "the Company") (TSX.V: ELN; Frankfurt: E7Q) is pleased to announce that it has vested with 50% interest in 1,902 mineral claims located within the Bathurst Mining Camp. The remaining 50% interest is held by Xstrata Canada Corporation - Xstrata Zinc Canada Division "Xstrata". The claims include historical base metal resources (not compliant with the CIM NI 43-101).
The 1,902 mineral claims in which El Nino owns a 50% interest host a total of seven significant Pb/Zn occurrences distributed over the eastern and western part of the Bathurst Mining Camp. These occurrences were discovered either by conventional prospecting in the early days or more recently by geology and various types of geophysical surveys. These occurrences have been subject, in the past, to important exploration work by Xstrata Zinc Canada looking to identify world class Pb/Zn deposits.
Jean Luc Roy, President of El Nino states: "As stated above we have selected 1,902 claims on which to earn a 50 percent interest. All these claims are in areas where some historical base metal occurrences have been identified or are in close proximity to existing or past operations in the Bathurst Mining Camp. We are now in discussions with Xstrata on how to move these properties forward in the future".
For more information on El Niño Ventures Inc. contact Jean Luc Roy, President, or Fern Turner, Investor Relations, Toll-Free: 877-895-6466, Phone: 604-683-4886, Fax: 604-683-4887, Email: info@elninoventures.com. Visit the web site at www.elninoventures.com.
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GLR Resources Inc.
GLR Receives Ministerial Approval
to Develop the Goldfields Project
KIRKLAND LAKE, ON, May 30, 2008 - GLR Resources (TSX: GRS) is pleased to announce that the Saskatchewan Minister of the Environment, Nancy Heppner, has now granted GLR Resources approval to proceed with the development of the Goldfields Project pursuant to Section 15 (1) of The Environmental Assessment Act of Saskatchewan.
Commenting on this major development, GLR President and CEO Robert Kasner noted "receipt of this critical approval marks a huge step forward in bringing the Goldfields Project into production. I would personally like to thank Environmental Assessment Director Randy Seguin for all his hard efforts in working with GLR Resources to help obtain this Ministerial approval."
GLR is a Canadian based junior exploration company focusing on projects in North America and with existing projects in Ontario, Quebec and Saskatchewan. GLR's most advanced project is its Goldfields Project, located near Uranium City in northern Saskatchewan. The Goldfields project consists of two open-pitable Gold deposits - The Box and Athona - containing a resource in excess of one million ounces Gold. GLR is focused on bringing the Goldfields project into production in 2009. GLR trades on the TSX under the symbol GRS.
For further information on GLR Resources Inc. contact: Robert Kasner, President and CEO (705) 567-5351. E-mail: kasner1@ntl.aibn.com or Malcolm Bucholtz, V.P. Investor Relations at (306) 525-0852, Email: saskmining@hotmail.com or visit the website at www.glrresources.com.
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International PBX Ventures Ltd.
Drilling Begins on Tabaco Copper Property
VANCOUVER, BC, May 13, 2008 - International PBX Ventures Ltd. (CA: PBX) is pleased to announce that the drill program is underway on its Tabaco copper property. The drill program will test for mineralization of a 3D induced polarization (IP) chargeability anomaly discovered recently.
This anomaly is considered highly prospective because exceptionally strong copper mineralization (1.29 per cent copper over 44 metres as coarse chalcopyrite) was encountered in a shallow 2003 drillhole precisely where the IP anomaly nears the surface. "I am very excited that we will finally be testing the 3D IP anomaly especially with the recent Teck Cominco acquisition of our neighbour Global Copper" commented George Sookochoff.
The Tabaco property is located on the same trend as the Global Coppers Relincho copper-molybdenum porphyry property located 10 kilometers to the north. The company believes it may have located a similar porphyry system at Tabaco that has not been unroofed, and that the shallow copper resource developed to date merely represents related manto-skarn leakage mineralization.
For more information on International International PBX Ventures Ltd. contact Dr. Gary Medford, President & CEO, Toll Free: 877-681-1154, Phone: 604-681-7748, Fax: 604-681-0568, E-mail: info@internationalpbx.com or visit the website at www.internationalpbx.com.
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Minera Andes Inc.
Minera Andes Drilling Cuts 217 Meters (712Ft) of
0.77 Percent Primary Copper Mineralization
at Los Azules Project
SPOKANE, WA, June 6, 2008 - Minera Andes Inc. (TSX: MAI; US OTC: MNEAF) is pleased to report assay results from the remaining core holes drilled during the 2007-2008 exploration field season at the Los Azules porphyry copper project. The best intercept is from hole AZ-08-37A which encountered 112 meters of 0.98 % copper within a larger zone of 217 meters of 0.77 % copper. This hole represents the largest interval of primary copper mineralization identified on the property to date, it extends the known mineralization an additional 400 m to the north and is the deepest hole drilled to date on the property by Minera Andes further confirming the limits of the copper system have not been defined.
A total of 5,438.34 meters were drilled in 15 vertical core holes during the 2007-2008 field season to complete Stage I of the exploration program discussed in Minera Andes News Releases dated November 14 and December 11, 2007. In this recent drilling holes AZ-08-39 and 42 failed to reach the copper target due to difficult drilling conditions and hole AZ-08-40, and its redrilled extension AZ-08-40B, only partially penetrated the copper target bottoming in copper mineralization. AZ-07-37 and -37A were drilled 400 meters north of the currently defined copper mineralization (see map, holes AZ-06-17 and AZ-07-30 on the company's website www.minandes.com). AZ-07-37 was drilled to a depth of 229.1 meters before being abandoned due to poor drilling conditions. The hole was re-drilled as AZ-07-37A and encountered primary copper mineralization occurring as chalcopyrite and bornite from 324 meters to the end of the hole at 541 meters. Drill holes AZ-08-34, -38,-40, and -40B extended the drilled area to the east and indicate that medium to high grade copper mineralization is present to the eastern limit of drilling. Hole AZ-08-41 has expanded copper mineralization to the west of the known copper mineralization. Hole AZ-08-44 was drilled east of the high-grade copper mineralization intersected in hole AZ-08-37A and encountered only low grade copper mineralization, but may have been abandoned due to bad ground prior to reaching the deep mineralization encountered in hole AZ-08-37A. Holes AZ-08-36 and 43 further establish the continuity of mineralization in the core of the copper target.
Allen Ambrose, president of Minera Andes said "This field season's program has delivered exceptional copper results at Los Azules and the size of the target has expanded throughout the drilling program. Drill hole AZ-07-37A is exciting in that it shows our copper system is open to the north and has significant potential for target expansion. Our team of engineering consultants is completing a resource estimate and the necessary work on a NI 43-101 Preliminary Assessment (scoping study) that will include an economic analysis of the project."
The exploration program at Los Azules is designed to define an inferred resource and provide sufficiently detailed engineering and technical information to allow the completion of an economic scoping study (a Preliminary Assessment as defined by NI 43-101) of the property by the fourth quarter of this year.
Minera Andes is advancing the Los Azules project under an option agreement with Xstrata Copper, one of the commodity business units within Xstrata plc (London Stock Exchange: XTA.L and Zurich Stock Exchange: XTRZn.S). The scope and size potential of the project increased dramatically in 2006 when the Minera Andes drilling discovered a near surface high-grade area of copper mineralization, when AZ-06-19 encountered 221 meters of mineralization averaging 1.62% copper that was 200 meters from hole AZ-06-20 containing 173 meters of 1% copper. Drilling in several holes ended in copper mineralization, including two holes that bottomed in high-grade copper over 1%.
During the last few years, more than half the drilling to define a copper resource has been completed and drilling this field season was over the known area of leachable (chalcocite) and sulfide (chalcopyrite) copper mineralization as currently defined. The area drilled covers approximately 2.5 kilometers by 0.9 kilometers within the enriched copper target currently identified at Los Azules that is about 3.3 kilometers long and 0.9 kilometers wide. Holes were drilled at a nominal grid spacing of 200 meters east-west and 400 meters north-south. Where needed, select infill holes were drilled on the 200 meter north-south grid lines.
Most of the recent drilling has focused on the northern half of the mineralized copper target. The holes are being drilled to a depth of approximately 350-500 meters. This drilling tested a known area of leachable (chalcocite) and sulfide (chalcopyrite) copper mineralization currently defined by 40 drill holes.
All results have been reviewed by Brian Gavin, Minera Andes' vice president of exploration, an appropriately qualified person as defined by National Instrument 43-101. All samples were collected in accordance with industry standards. Splits from the drill core samples were submitted to Alex Stewart Assayers, Argentina, S.A., in Mendoza, Argentina, for sample pulp preparation and to ALS Chemex Laboratories. Drill results are available at www.minandes.com.
Minera Andes is a gold, silver and copper exploration company working in Argentina. The Corporation holds about 304,000 acres of mineral exploration land in Argentina including the 49% owned San José silver/gold mine that has recently commenced production. As discussed above, Minera Andes is exploring the Los Azules copper project in San Juan province, where an exploration program is underway to define a resource. Other exploration properties, primarily silver and gold, are being evaluated in southern Argentina. The Corporation presently has 189,402,435 shares issued and outstanding.
For further information on Minera Andes Inc. contact Art Johnson, Investor Relations, at the Spokane office, (509) 921-7322. E-mail: info@minandes.com or Krister A Kottmeier, Investor Relations, Canada, (604) 689-7017 or 877-689-7018. E-mail: ircanada@minandes.com. Visit the website at www.minandes.com.
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Romios Gold Resources Inc.
Romios Gold's Geophysical Surveys Outline
Anomalies Adjoining the North West Zone at
Galore Creek in North Western British Columbia
$5.0 Million Exploration Program to Commence in June
TORONTO, ON, May 29, 2008 - Romios Gold Inc. (TSX.V: RG) (OTCBB: RMIO.F) (Frankfurt: D4R) is pleased to report final results for airborne and ground geophysical surveys carried out at its North West Zone located in the Galore Creek area of northwestern British Columbia. The Airborne geophysical survey employed the DIGHEM V multi-coil, multi-frequency electromagnetic system, supplemented by a high sensitivity cesium magnetometer. The survey and processing of survey data were carried out by Fugro Airborne Surveys, Toronto. The ground geophysical surveys, consisting of Spectral Induced Polarization and Total Field Magnetics, were carried out by Clearview Geophysics of Brampton, Ontario. The purpose of the surveys was to identify and locate zones of conductive sulphide mineralization and prioritize areas of potentially economic mineralization for the upcoming 2008 drilling program, scheduled to commence in June.
The North West Zone is contained within the Newmont Lake property, one of nine properties held by Romios Gold in the Galore Creek area. As previously reported, the North West Zone contains 1,406,000 tonnes of inferred resource grading 4.43 g/t gold, 0.22 % copper and 6.4 g/t silver. Recent drilling in the North West Zone included hole R-07-09, which intersected 7.82 g/t gold, 0.42% copper and 12.45 g/t silver over 10.67 metres. Higher grade intervals within the hole included 19.70 g/t gold , 0.45% copper and 12.60 g/t silver over 3.04 metres and 27.32 g/t gold, 0.46% copper and 9.96 g/t silver over 2.35 metres.
The Fugro airborne EM- Magnetic surveys identified several conductors along the east and west margins of the Newmont Lake Graben, which is well marked by a series of intrusives. The Newmont Lake Graben is a major area structural feature defined by the McLymont and Newmont Lake faults. The survey also interpreted several faults that parallel the fault hosting the North West Zone. The faults are located on the floor of the graben immediately to the east of the North West Zone. Mineralization in the North West Zone is structurally controlled by fault structures.
The ground geophysical surveys, which included both Spectral Induced Polarization and Total Magnetics surveys, identified three geophysical anomalies. The anomalies are located north, east and north east of the North West Zone. Anomaly T1 is located 40 metres east of the North West Zone and is believed to be the northeast continuation of the IP anomaly identified by an earlier IP survey. Anomaly T2 is located 35 metres to the north of the North West Zone and coincides with a relatively high northeast/ southwest apparent resistivity zone and background magnetics. Anomalous chargeability values ranged from 2.0 to 3.6 milliseconds. The UBC inversion model indicated that the top of the target source is likely more than 40 metres deep. The T3 anomaly is located 95 metres northeast of the North West Zone and is at the edge of a low resistivity zone, which may be indicative of an alteration zone, geological contact or fault. The anomaly at T3 may be the northeast continuation of the anomaly located at T1.
Tom Drivas, President stated, "We are excited about these geophysical anomalies because they confirm the high potential of Romios' Galore Creek properties and indicate that mineralization may extend beyond the known outline of the North West Zone. The information gained from these surveys will assist in guiding our 2008 drilling program, scheduled to commence in June."
Romios' Newmont Lake property is located within 10 kilometres of a completed section of the access road to Nova Gold / Teck Cominco's Galore Creek project.
For the purposes of the disclosure in this Press Release, Thomas Skimming, P. Eng, Vice President of Exploration and a director of Romios Gold Resources Inc., is the Qualified Person (QP) in accordance with NI 43-101.
Romios Gold Names
Brian E. Robertson to Its Board of Directors
TORONTO, ON, June 12, 2008 - Romios Gold Inc. (TSX.V: RG) (OTCBB: RMIO.F) (Frankfurt: D4R) is pleased to announce the appointment of Brian E. Robertson, an executive with significant North American and international experience in all facets of the mining industry, to its Board of Directors.
"Mr. Robertson has extensive experience in mine development, operations, finance and exploration, both in North America and elsewhere. His broad experience in British Columbia, including exploration, mine development and operations will strengthen our team in advancing the Galore Creek area properties. We are extremely pleased to have an experienced executive of Brian Robertson's calibre join our Board,'' said Tom Drivas, President.
Mr. Robertson's areas of expertise are wide ranging and include financial and management at the executive level, exploration, mine development and operations, evaluation of businesses and performing due diligence related to projects, mergers, acquisitions and financing.
Mr. Robertson served as President of Victory Nickel and Nuinsco Resources. He was responsible for the development of Nuinsco nickel properties, which led to the spin-off of Victory Nickel, a TSX listed company. He spearheaded Nuinsco's entry into uranium exploration and directed the evaluation of its subsequent equity investment in Campbell Resources. His involvement in British Columbia included General Manager, Kemess mine and General Manager, Equity Silver mine.
He has extensive experience in gold mining operations in both North America and elsewhere. This experience includes 21 years with Placer Dome Inc. directing mining operations and development in Canada and South Africa, as well as 7 years at Royal Oak's mines in British Columbia and Newfoundland.
Mr. Robertson graduated from the University of Alaska with a Bachelor of Science, Mining Engineering. He also holds a Graduate Diploma in Business Administration from Laurentian University. He is a registered Professional Engineer in the Province of Ontario and a member of the CIM.
Commenting on his appointment, Mr. Robertson said: "I am pleased to be appointed as a member of Romios Gold's Board of Directors and am excited about the company's gold assets and upcoming exploration program at its Galore Creek area properties. Recent announcements about Cominco/Nova Gold's commitment to advance its Galore Creek property to production are positive for the advancement of Romios' Newmont Lake mineral deposit. I look forward to involvement with the potential expansion of the resource at the Newmont Lake property and evaluating its production potential, as well as further exploration programs on Romios' other properties."
The Company also will grant 1,000,000 options to purchase common shares of the Company at $0.32 per share for five years to Mr. Robertson: 250,000 of these options are exercisable immediately and the remaining 750,000 options are vested over a period of eighteen months.
The appointment of Mr. Robertson and the grant of options to him are subject to TSX Venture approval.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper. Romios has significant property interests in British Columbia, Ontario and Nevada. The Corporation plans to undertake extensive exploration work on its Galore Creek properties in British Columbia, which are centrally located between NovaGold's large gold-copper-silver deposit and Barrick's high grade gold mine at Eskay Creek.
For more information on Romios Gold Resources Inc. contact Tom Drivas, President, Phone: 416-221-4124, Fax: 416-218-9772, Email: romios@romios.com or visit the web site at www.romios.com.
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Rye Patch Gold Corp.
Rye Patch Gold Grants Stock Options
VANCOUVER, BC, June 11, 2008 - Rye Patch Gold Corp. (TSX.V: RPM) ("Rye Patch Gold" or the "Company") announces the granting of 400,000 stock options to directors, officers, consultants and employees of the company at a price of $ 0.40 per share with an 18 month vesting period and 5 year expiry according to the terms of the Company's Stock Option Plan.
Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company building a sizeable inventory of gold assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold deposits. Rye Patch Gold is developing its primary asset - the advanced-stage Wilco project located within the Humboldt Gold Trend in west-central Nevada, and has now acquired the Jessup project in Churchill County, Nevada.
Rye Patch Gold trades on the TSX Venture Exchange under the symbol RPM and the Company's warrants trade under the symbol RPM.WT.
For more information on Rye Patch Gold Corporation contact Karen Robb, Investor Relations, Phone: 604-638-1588, Fax: 604-638-1589, Email: info@ryepatchgold.com or visit the web site at www.ryepatchgold.com.
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San Gold Corp.
Hinge #4 Zone Continues to Grow
With Additional High Grade Gold at Depth
BISSETT, MB, June 10, 2008 - Dale Ginn, CEO of San Gold Corporation (TSX.V: SGR) is pleased to report that assay results have been received for drill hole #GS-08-25 in the new high-grade Hinge #4 zone. Hole #25 intersected 79.0 g/tonne (2.31 oz/ton) over 3.0 meters (9.9 ft) within a broader intersection of 28.0 g/tonne (0.82 oz/ton) over 9.4 meters (30.8 ft). This intersection is located approximately 150 meters (500 feet) below surface and 50 meters (150 feet) to the west of the previously released drill holes #29, 31 and 33. Results from drill hole # GS-08-25 are available on the company's website www.sangoldcorp.com.
The intersection angle between drill hole #25, collared on section 400E and the Hinge #4 zone are between 80 degrees and 90 degrees resulting in drilled widths that are very close to the true width of the zone. This zone remains open along strike to the north-east and to the south-west as well as at depth. The Hinge #4 zone has been defined above 150 meters (500 feet) by 7 drill holes to date collared from surface. A further 2 drill holes have intersected this zone to a depth of 300 meters (1000 feet). The seven drill hole intersections into the Hinge #4 zone located above 150 meters (500 feet) have defined a distinct mineralized quartz-carbonate vein approximately 150 meters (500 feet) long so far, striking north-east and dipping steeply to the north-west. A summary of the seven drill holes defining the first 150 meters (500 feet) of depth is available on the company's website.
The company is also encouraged by strongly mineralized veining in a broad (15 m, 50 ft) zone encountered by drill hole # GS-08-37 down dip from the Hinge #4 zone at approximately 370 meter (1200 feet) elevation on section 400 E.
The Hinge zones are roughly parallel, dip to the north-west and are made up of quartz and carbonate veins containing gold mineralization. The units that contain the new veins are located in a sequence of mafic to intermediate volcanic rocks which lie approximately 1500 meters into the hanging wall stratigraphically above and geographically to the north of the mineralized mine unit of the Rice Lake Gold Mine. To date a total of at least 4 sub parallel new veins have been discovered in the Hinge area, as well as numerous uncorrelated breccia zones within 100 to 300 meters of surface. Two diamond drills are currently drilling in the Hinge area. The new zones are located approximately 1.5 kms to the north-east of San Gold's operating Rice Lake and mine and mill, and are fully accessible by road.
Please see the San Gold website (www.sangoldcorp.com) for prior Hinge Zone press releases, a plan view location map and a longitudinal section showing the location of the intersections in the Hinge #4 zone.
This program was carried out under the supervision of W.S. Ferreira, P.Geo., the Qualified Person for this project under National Instrument 43-101. The drill core was split, with half sent to TSL Laboratories in Saskatoon, SK and fire assayed with an AA and gravimetric finish. Whole metallic assays were performed on samples containing visible gold. Check assays were also performed on pulps and rejects by both TSL and by Accurassay Laboratories of Thunder Bay, ON. The core lengths are actual lengths as drilled and have not been adjusted for the true width of the mineralized zones.
For more information on San Gold Corporation contact Dale Ginn, CEO, Toll Free: 1-800-321-8564, or (204) 794-5818. Fax: (403) 243-9517. E-mail: info@sangoldcorp.com or visit the web site at www.sangoldcorp.com
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Teryl Resources Corp.
Teryl Resources Receives Work
Program for the 2008 Season on the
Gil Joint Venture, Fairbanks, Alaska
VANCOUVER, BC, May 20, 2008 - Teryl Resources Corp. (TSX.V: TRC; OTC BB: TRYLF) is pleased to announce it has received the work program for the 2008 season, on the Gil joint venture, Fairbanks, Alaska, from our joint venture partner Fairbanks Gold Mining, Inc. (FGMI) a subsidiary of Kinross Gold Corporation.
An 8 hole - 4000' RC drilling program has been designed that follows up on anomalous soil samples and promising trench and drill results on Sourdough Ridge. These holes are intended to extend the strike length of the Gil mineralization to the east. Planned holes depths for this program are approximately 500 feet.
In addition, a Bombardier soil auger program is designed to infill around anomalous gold-in-soil anomalies to better define future drill targets on the Gil East. The auger soil sampling program will commence in July with drilling to begin in August.
The total cost of the proposed program is estimated at $235,000 and is covered under the approved 2008 FGMI Exploration budget.
The program will be managed and conducted by FGMI.
Qualified Person: Mr. Curt Freeman, MS, PGeo, Certified Professional Geologist (#6901), member of the American Institute of Professional Geologists, is the Qualified Person as defined by National Instrument 43-101 responsible for the accuracy of this news release.
For more information on Teryl Resources Corp. and Linux Gold Corp. contact John Robertson, President at Phone: (604) 278-5996, Fax: (604) 278-3409, toll free 800-665-4616 or visit the Company's web site at www.terylresources.com.
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Ur-Energy Inc.
Ur-Energy Inc.: Major Drilling Effort at Lost Creek
DENVER, CO, June 11, 2008 - Ur-Energy Inc (TSX: URE) ("Ur-Energy" or the "Corporation") announced today drilling results for the month of May at its Lost Creek ISR Project ("Project") located in Sweetwater County, Wyoming, USA.
The Project's 2008 drilling season started on May 7th and since May 8th, a total of six drill rigs have been in operation. In 14 days, Ur-Energy completed 108 holes, with targeted hole depth of 600 ft (183 meters), for a total of 64,800 feet (19,750 meters). This drilling is part of the 2008 planned program to complete 400 delineation drill holes to better define the Lost Creek deposit for final mine planning.
61% of the new 108 drill holes intersected "ore" quality mineralization (a grade x thickness product (GT) of at least 0.30 and a grade of at least 0.02% U3O8) and 24% intersected "strong" mineralization (a GT between 0.15 and 0.29 and a grade of at least 0.02% U3O8). Drilling results can be viewed at the company's website www.ur-energy.com.
Bill Boberg, Ur-Energy President and CEO, commented, "The ability to drill 108 delineation drill holes in 14 days in May enables us to complete the delineation of our first mine unit more quickly. The completion of these holes during this time is a reflection of the fine effort in organizing and running the drilling program by our outstanding operational team working out of our Casper office. I am very pleased with our progress to date and expect that our team will continue to do as well throughout the rest of the 2008 drilling season."
For more information on Ur-Energy Inc. contact Dani Wright, Manager, Investor/Public Relations, Phone: 720-981-4588 ext. 242, Toll-Free: 866-981-4588. E-mail: dani.wright@ur-energyusa.com; Web site: www.ur-energy.com
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Special Note Regarding Forward-Looking Statements-Certain statements in the Bull & Bear’s Mining Stocks Updates and in Bull & Bear’s Featured Companies constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: risks inherent in restrictions of foreign ownership; uncertainties relating to carrying on business in foreign countries; the Company's history of operating losses and uncertainty of future profitability, uncertainty of access to additional capital environmental liability claims and insurance; and dependence on joint venture partners. Certain forward-looking statements will be identified by a cross-reference to the Special Note. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. The Company cautions investors that any forward-looking statements made by the company are not guarantees of future performance, and that the actual results may differ materially from those in the forward-looking statements as a result of various factors, including but not limited to, the Company's ability to be able to continue its substantial projected growth, or be able to fully implement its business strategies, or that management will be able to successfully integrate the operations of its various acquisitions.
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