Advanced Explorations Provides Update on its Western Exploration Program

February 25, 2011

TORONTO, ONTARIO, Feb 25, 2011 (MARKETWIRE via COMTEX News Network) —

Advanced Explorations Inc. (the “Company” or “AEI”) (TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce preliminary analyses from its recently acquired nickel and copper property located on the Melville Peninsula (as press released September 21, 2010). The property is located approximately 10 kilometres south of the Tuktu and 50 kilometres north of the Roche Bay iron ore projects, within the mutual area of Interest with Roche Bay plc. located on the Melville Peninsula, Nunavut, Canada.

The property, known as the BIL showing, returned nickel values to 0.80% nickel and copper values over 10,000 ppm (greater than 1% Cu) from sulphide samples associated with a gabbroic intrusion. The Geological Survey of Canada (“GSC”) examined the BIL showing in 2009 and reported 0.58% Ni, 0.15% Cu. The nickel and copper prospect was worked by Aquitaine Company of Canada Limited in the early 1970’s. In 1973, approximately 2000 feet of core was drilled but no results were released a common practice then to prevent competition.

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Eagle Star Announces a Third Trench Returned 41.62% Fe2O3 across 27.5 metres, Cavaleiro Block-Angico Iron Project, North Eastern Brazil

February 24, 2011

VANCOUVER, BRITISH COLUMBIA, Feb 24, 2011 (MARKETWIRE via COMTEX News Network) —

Eagle Star Minerals Corp. (TSX VENTURE: EGE)(PINK SHEETS: ELGSF)(FRANKFURT: E6R) (“Eagle star” or “the Company”) – Further to its news release dated January 18, 2011 Eagle Star is pleased to announce that excellent results were obtained from further trenching along strike on the Cavaleiro Block – Angico Iron Project, North Eastern Brazil. Trench 3 is located approximately 900 metres to the north of Trench 2 and one kilometer north of Trench 1 along the Banded Iron Formation trend.

Systematic chip and channel sampling from Trench 3 returned 41.62% Fe2O3 across 27.5 metres. As announced previously samples from Trench 1 returned 44.66% Fe2O3 across 39 metres and Trench 2 returned 48.72% Fe2O3 across 22 metres.

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Gold Standard Ventures Corp. Arranges C$11,950,000 Equity Financing

February 24, 2011

VANCOUVER, BRITISH COLUMBIA, Feb 24, 2011 (Marketwire via COMTEX News Network) —

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Gold Standard Ventures Corp. (“Gold Standard” or the “Company”) (TSX VENTURE:GV)(OTCQX:GDVXF) is pleased to announce an agreement in principle for a non-brokered private placement of C$11,950,000 through the sale of 12,578,947 common shares at C$0.95 per share. The placement is subject to definitive agreements and regulatory approvals. The placement price represents a 9.4% premium to Gold Standard’s 20-day VWAP.

FCMI Parent Co. (“FCMI”) has agreed in principle to subscribe for 11,000,000 common shares of the placement. FCMI is a private corporation based in Toronto and controlled by Albert D. Friedberg and members of his family.

FCMI will have the right to nominate one member to Gold Standard’s Board of Directors following closing and to participate, on a pro rata basis, in future equity financings of the Company for up to two years.

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RANTING ANDY – JUNIORS FOR SALE, PT II (Notes re: NEM’s EARNINGS)

February 24, 2011

On February 7th, I posted the below rant, “Juniors for Sale”, stating that Newmont Mining’s acquisition of Fronteer Gold (FRG) symbolized the Gold/Silver Majors’ giving up on organic growth, as it is not even theoretically possible to replace high levels of gold production with new drilling. 

https://babybulltwits.wordpress.com/2011/02/07/ranting-andy-juniors-for-sale/

Despite a bull market that commenced in 1999, worldwide gold production peaked between 2001 and 2004 and doesn’t have a prayer of reaching those levels anytime soon, particularly in light of the heightened capital costs, permitting issues, and political risks involved.

The same issue has been run into by every commodity sector in human history, most notable in the oil and gas sector, which has seen at least 50% of ALL companies of reasonable size be acquired in the past decade, perhaps even more.  Back in 2005, $30 oil was considered historically high, if that gives you an idea how much that industry has changed.

Per the below commentary from NEM’s earnings report this morning, total gold production is expected to fall by 2%-6% in 2011 from the 2010 levels, while shockingly its copper production is forecast to decline by 33%-42%.

And these declines follow capital spending of $1.8 billion in 2009 and $1.4 billion in 2010!

In 2010, the Company reported attributable gold and copper production of 5.4 million ounces and 327 million pounds, respectively, at costs applicable to sales of $485 per ounce, and $0.80 per pound, respectively, on a co-product basis.  

In 2011, attributable gold production is expected to be approximately 5.1 million to 5.3 million ounces, with attributable copper production of 190 to 220 million pounds.   Costs applicable to sales are expected to be between $560 and $590 per ounce due to lower expected production, combined with higher expected costs for energy, labor, and contracted services.  

Despite soaring gold and silver prices, as well as their strongest supply/demand fundamentals since the late 1970s (stronger, in my view), valuations for the average junior Precious Metal mining company, on a per Ag/Au basis, are roughly a quarter to a third of what they were at the peak of the TSX-Venture stock exchange in 2007.

Given the title of this rant, as well as the information therein, I’ll leave it to you to draw the conclusion!


Laurion Acquires 100% Interest in 179 Mining Claim Units Contiguous to the North of the Sturgeon River Project, Beardmore ON

February 24, 2011

TORONTO, ONTARIO, Feb 24, 2011 (Marketwire via COMTEX News Network) —

Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) (“Laurion” or the “Corporation”) and James E. Bond II and Russell P. Renner (collectively, “Bond and Renner”) are pleased to announce that they have entered into a letter of intent (the “LOI”) for Laurion to acquire an undivided 100% interest in 13 mining claims totaling 179 units and primarily located in Pifher Township north of the Corporations 100% owned Sturgeon River Project (” known as the “Sturgeon Pifher North Claims”) The purchase price payable by Laurion for the Property is ($68,000) payable by the issuance of 800,000 Laurion common shares at a deemed price of $(0.085) per share to be divided equally between Bond and Renner.

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Boxxer Identifies Numerous Targets at Buena Vista; Additional Work Underway at Gordon Lake

February 23, 2011

Boxxer Gold Corp. (OTC Other: BXXRF; TSX-V: BXX) has completed a Titan-24 survey at Buena Vista, which identified: (i) 18 targets in two large areas stemming from IP anomalies and (ii) a large circular feature outlined in  large mineralized iron-carbonate alteration zone.  Of the 18 targets, four are first priority, three are second priorty, and 11 are third priority and only half of the property has been surveyed to this point. 

At Gordon Lake, a geophysical survey  has commenced.  The survey is expected to take several weeks covering 17 zones of gold mineralization previously defined at the project.

Boxxer is “steady as she goes” at this point, advancing the Company as previously outlined.  And while the Company is doing its job, we posted earlier today a copper-related article entitled High Copper Prices Make Canadian Copper Juniors Attractive Targets, which futher spotlights Boxxer’s advantages.

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Why Gold and Silver are Breaking Out

February 23, 2011

BENONI (GoldForecaster.com) – We have yet to complete two months of 2011 and so far we have already seen several attempted revolutions in Middle Eastern countries, with, so far, two of them successful.   All of them have been unexpected and have caught the world by surprise.   

We are on the brink of the next successful revolution [Libya] disrupting the oil market and taking prices so high that we are likely to see them negatively impact growth in the developed world.  

The prospect of the dreaded, “double-dip” recession is now back on our screens.   Should food inflation continue to hurt the entire global economy, then words like ‘stagflation’ and ‘depression’ will reappear in much of the financial world.

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