Frank Holmes: Gold Jewellery Demand Firing on all Cylinders

February 23, 2011

SAN ANTONIO (U.S. Global Investors) – This week, the World Gold Council (WGC) confirmed something we’d already suspected: 2010 was a remarkable year for gold. Overall demand grew by 9 percent to reach a 10-year high on increased jewelry demand, strong momentum in key Asian markets and a paradigm shift in the official sector, the WGC says.

Demand for jewelry was the biggest contributor to gold demand, accounting for 54 percent of the total. That’s a 17 percent rise despite gold prices jumping 26 percent in many currencies. Gold demand for technology increased 12 percent. Surprisingly, investment demand declined 2 percent as investment in gold ETFs dropped 45 percent. Even with the drop, 2010 was the second-highest year on record in terms of investment demand.

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High Copper Prices Make Canadian Copper Juniors Attractive Targets

February 23, 2011

BANGALORE/TORONTO (Reuters) – A record run for copper prices, fuelled by Chinese industrial demand, has the world’s most prolific copper producers shopping for smaller miners capable of boosting their output almost immediately.

Dozens of Canadian-based juniors have the potential to become prime targets. The strongest candidates already have operating mines with healthy growth profiles, and their share prices are undervalued, analysts say.

The drive to acquire is especially urgent because the output at some of the world’s top producers is falling. Rio Tinto (RIO.L: Quote) sees copper demand doubling in the next 15 to 20 years but the Anglo-Australian mining giant experienced a 16 percent drop in mined production last year.

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Nortec Minerals Confirms its LK Property as a Large Tonnage 43-101 Compliant PGE-Gold-Copper-Nickel Resource

February 22, 2011

Nortec Minerals (OTC Other: NMNZF; TSX-V: NVT) released results from the first NI 43-101 compliant mineral resource estimate for the Company’s 100% owned Lantinen Kollismaa (“LK”) palladium-platinum-gold-copper-nickel project in north central Finland.  Highlights from the report incude the following: (i) an Indicated Mineral Resource of 2.9 million tonnes, resulting in 86,322 ounces PGE+Gold, 4,908 tonnes of copper, and 3,464 tonnes of nickel and (ii) an Inferred Mineral Resource of 29.9 million tonnes, resulting in 602,550 ounces PGE+Gold, 63,153 tonnes of copper, and 40,534 tonnes of nickel.

This is an impressive initial report and further confirms the Company’s understanding of the potential at LK.  We look forward to additional growth at the both LK and the Company’s other projects.

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Laurion Intersects Multiple Gold Zones, Including 8.2 g/t Over 2.99 Metres at Sturgeon River

February 22, 2011

Laurion Mineral Exploration (OTCQX: LMEFF; TSX-V: LME) released results from drill hole LME10-09, the third drill hole within the first phase of the Company’s deep drilling program on the Sturgeon River Mine area.  Drill hole LME10-09 was designed to intersect the No. 3 Vein under the shaft location near the centre of the mineralized shoot, at the 640 metre level approximately 125-150 metres below the last underground development workings.  Drill hole LME10-09 intersected 6.00 g/t gold over 1.73 metres in the No. 3 Vein, in which visible gold was reported, including 14.30 g/t gold over 0.69 metres in the quartz portion of this zone. Several other zones were also intersected, including 8.20 g/t gold over 2.99 metres in New Zone 5;24.80 g/t gold over 0.50 metres in New Zone 1; 8.20 g/t gold over 1.00metrein New Zone 6; 10.20 g/t gold over 0.50metres in the M Vein; and 1.54 g/t over 3.00 metres in the No. 10 vein.

Laurion continues to report strong assay results from its recent drill program at Sturgeon River.  Looking ahead, the Company expects to have a 43-101 compliant report on Bell Mountain prior to the end of the first quarter and may do the same with Sturgeon River following the release of all of the results from this recent drill program.  Lots to see and read from Laurion over the coming months.

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Advanced Explorations to Present at Industry Events

February 22, 2011

Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) will be participating in or presenting at various industry and investor conferences this spring, including: (i) presenting on February 23rd at the Desjardin Iron Ore Conference in Toronto; (ii) hosting a hospitality suite and reception on March 8th at PDAC in Toronto; (iii) presenting on March 9th during technical session at PDAC in Toronto; (iv) presenting on March 11th at the Steel Markets North America conference in Chicago; (v) participating in a panel discussion on March 24th about “China Mining and Mining Investment Outlook” as part of the Hong Kong Mines & Money Show; and (vi) presenting at the Haywood Securities Iron Ore Conference on April 7th in Toronto.

Please join us for some or all of these events, it is certainly an exciting time for Advanced Explorations and for iron ore. 

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Biomoda Completes Patient Enrollment and Sample Collection for Pilot Study

February 22, 2011

Biomoda (OTCBB: BMOD) has completed patient enrollment and sample collection for the pilot study to determine the clinical sensitivity and specificity of its CyPath® diagnostic assay for the early detection of lung cancer.  The pilot study consisted of two cohorts: (1) a high-risk group of military veterans who smoked more than 20 “pack years” and (2) a smaller positive control group made up of patients diagnosed with lung cancer who have not started treatment.

According to Maria Zannes, CEO of Biomoda, “We are working closely with Dr. Thomas Bauer, Principal Investigator of the CyPath® study, and Dr. Richard Holcomb of Quintiles to evaluate and report top-line results by the end of first-quarter 2011.  We believe initial results will show that our assay can both identify and quantify lung cell characteristics that differ between groups of individuals at high risk for developing cancer and those who already have the disease.

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Gold’s Safe Haven Appeal Surges Once More

February 22, 2011

JOHANNESBURG – Gold prices broke above $1400 an ounce, as the unrest in the Middle East continues to escalate.

Dozens of people were reported killed in Libya as anti-government protests reached the capital for the first time and several cities in the east appeared to be in the hands of the opposition. Anti-government protesters rallied in Tripoli’s streets, tribal leaders spoke out against Libyan leader, Muammar Gaddafi, and army units defected to the opposition in a revolt that has cost the lives of more than 200 people. Protesters said they had taken control of Benghazi in and one other city.

With autocratic governments already toppled by popular uprisings in Tunisia and Egypt, there was a sense that Gaddafi’s iron grip was being severely tested. And, the wave of unrest continues to spread to other countries. There have been rallies in Morroco, Algeria, Jordan, Yemen and, in Bahrain, tensions are still high after riot police opened fire on protesters trying to reclaim landmark Pearl Square last week. At least eight people have been killed and hundreds injured in the clashes since the unrest spilling across the Arab world reached the Gulf last week.

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