Laurion Confirms Presence of Adjacent Mineralized Trend

November 30, 2011

Laurion Mineral Exploration (OTCQX: LMEFF; TSX-V: LME) carried out a 3-hole, 427 metre drill program on its Jubilee property in an effort to locate mineralized trends discovered in drilling in 1953 on the property which included 1,006 g/t Au over 2.93 metres in a quartz vein system and 1.71 g/t Au, 9.6 g/t Ag and 4.98% Zn in an adjacent sub-parallel base metal system located to the north west.

Laurion is encouraged that the initial drill program has led to the discovery of what is believed to be the mineralized trends. Now that the location of the trends has been confirmed subsequent exploration programs will focus on discovering the high grade lodes associated with these trends.

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Great Panther Confirms Continuity at Santa Margarita and Extends Guanajuatito Mineralized Zone to Depth

November 30, 2011

Great Panther Silver (NYSE-Amex: GPL; TSX: GPR), as a result of recently completed drilling programs, has confirmed continuity of the Santa Margarita gold-silver vein plus two footwall veins between the 435 and 500 metre levels and has extended the Guanajuatito silver-gold mineralization below the 100 metre level, down to the 390 metre level.

At Santa Margarita, initial results have confirmed the high grade gold values typical of the SM structure (mostly electrum, a naturally-occurring gold-silver alloy) and drilling has regularly encountered two stockwork dominant footwall zones that are persistent between drill holes. The two footwall zones plus part of the main vein are classified as inferred in the current mineral resource estimate and will be upgraded in the resource update presently being prepared.  Intersections on the Santa Margarita structure include 44.76g/t gold and 46g/t silver over a true width of 1.14 metres in drill hole UGSM11-005.

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Revett Updates Permitting and Timeline at Rock Creek

November 30, 2011

Revett Minerals (NYSE-Amex: RVM; TSX: RVM) further discusses the November 16, 2011 opinion (www.ca9.uscourts.gov/datastore/opinions/2011/11/16/10-35596.pdf) issued by United States Court of Appeals Ninth Circuit, which upheld the May 2010 decision dismissing Endangered Species Act (ESA) challenges to the Company’s proposed Rock Creek silver and copper mine in northwest Montana. 

The Company is currently working with the U.S. Forest Service to complete a Supplemental Environmental Impact Statement (SEIS) which will incorporate latest available project information and address administrative issues raised in the District Court’s May 2010 ruling. The Company anticipates release of the SEIS by mid 2012 and hopes to receive a revised Record of Decision (RoD) in late 2012.  And while the Company believes that it cannot rule out further litigation once the revised RoD has been issued, it does believe that legal action is limited now that major issues such as the Endangered Species Act have been conclusively addressed. Upon the issuance of a revised RoD, along with the issuance of an individual MPDES storm water discharge permit for construction activities from the Montana DEQ, the company is planning for development of the Phase I evaluation adit in mid 2013.

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Balmoral Intersects 4.24 g/t Gold Over 22.59 Metres, Expands High Grade Martiniere West Zone

November 30, 2011

Balmoral Resources (OTC Other: BALMF; TSX-V: BAR) continues to expand the high grade zone at Martiniere West, which remains open in all directions.  Results were highlighted by drill hole MDW-11-41 which returned a high-grade core intercept of 4.24 g/t gold over 22.59 metres including a Main sub-zone intercept of 29.02 g/t gold over 1.39 metres. This high-grade core is located within a broadly mineralized zone which returned 0.84 g/t gold over 164.00 metres – the broadest gold mineralized intercept to date from the West Zone.

Drilling has now extended the Martiniere West Zone to 380 metres along strike and the Zone remains open in all directions beyond the extent of current and historic drilling. The 2012 winter drill program, anticipated to commence in January, will focus on expanding the near surface and depth extent of the West Zone with a goal of completing an initial resource estimate for the high-grade West Zone in mid-2012.

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Constantine Reports Trapper Gold Drill Results

November 30, 2011

Constantine Metal Resources (OTC Other: CNSNF; TSX-V: CEM) now has initial assay results from the 2011 drill program at the Company’s 100% owned Trapper Gold Property. The drill program was carried out and funded by Ocean Park Ventures, which can earn a 70% interest in the property by spending $9.75 million in work expenditures and issuing certain cash and share payments to Constantine.  To date, 8,581 meters have been drilled across 42 holes, 24 of which have assays available.  Highlights include in drill hole TG-11-011, 2.51 g/t gold over 22.86 meters, including 9.18 g/t gold over 4.26 meters. 

Gold-silver +/- copper, lead, and zinc mineralization has been identified in multiple different environments within an inferred large copper-gold porphyry setting.  At the Main Zone, drilling has intersected gold mineralization over a 2.2 kilometre strike length and includes both porphyry hosted and structurally controlled gold. Porphyry hosted mineralization, which represents a potential bulk tonnage target, consists of disseminated and stockwork sulphide within near-surface feldspar porphyry dykes and sills. 

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Ranting Andy: Twice in a Lifetime

November 30, 2011

RANTING ANDY – Here we go again!

One day of rising stock prices, care of a spirited, PPT-aided media attempt to spin “Black Friday” and “Cyber Monday” as symbols of meaningful progress, and the news is abuzz of “green shoots of recovery.”  Due to the factors listed in yesterday’s RANT, I take the opposite view entirely.  In other words, if “Black Friday” and “Cyber Monday” sales are so strong in an environment of deep economic decline, plunging stock markets, and record-low consumer sentiment, then something far more ominous than what we have seen to date is at play.

I believe the main reason for such strong early-season sales is that it has simply become a trend to shop earlier than in the past, particularly when “doorbuster” sales (I get ill writing that word) might ease the cost burden.  Retailers are in desperate straits, as for most, their ENTIRE year’s profitability is earned during the holiday season.  Thus, the urge to grab as high a market share of this year’s scant retail buying power is powerful, even if obtained at the expense of profits, which will surely drop this year due to the weak margins resulting from deep discounting.

If there’s one thing I’m positive of it’s that, at best, strong “Black Friday” sales are meaningless, and at worst, a symptom of further desperation on the part of both cash-strapped buyers and profit-starved sellers.

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High Gold Prices and Sinking Rupee Cause Indians to Rethink Buying

November 30, 2011

MUMBAI (Reuters) – Simone Bora is contemplating the unthinkable — an Indian wedding without lavish amounts of gold after record high prices and a sinking rupee have dimmed her hopes of sparkling at the party.

“We need to think whether to buy gold or not because nearly 30,000 rupees (370 pounds) for 10 grams is too much,” Bora said in a jeweller’s shop in Zaveri Bazaar in Mumbai, one of the world’s biggest gold markets.

Indians are usually the biggest buyers of gold in the world and from October to December, the calendar is full of festivals and weddings, creating many opportunities for people to flaunt their finery.

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