Tuesday, 3 January 2012
BGC: TSX:V Shares advance 6% on heavy buying
Investors turn their attention to Brazilian Gold Corp as market momentum picks up on the growing interest in the Sao Jorge gold project in Northern Brazil, where recent positive drill results indicate a strong potential to significantly add to the current confirmed NI43-101 compliant resource classified according to CIMM standards (Canadian Institute of Mining and Metallurgy) Shares advance over 6% on early trading Tuesday!
TAIA Lion Resources Boosted by Rapidly Improving Infrastructure in Sierra Leone
TAIA Lion Resources the fast track developer of the highly prospective Gori Hills and Lake Sonfon gold projects in Sierra Leone is boosted by the rapidly improving infrastructure currently underway in country.
Back off the news that the UAE has signed an open skies agreement with the Government of Sierra Leone, paving the way for direct commercial flights between Freetown and Abu Dhabi / Dubai, the news that Hilton Hotels and Resorts is set to open a brand new resort hotel in 2014 in Freetown, the country’s capital provides a further boost to investors who are seeing a rapid transformation underway in Sierra Leone with day by day improvements to facilities and infrastructure.
The 200-room Hilton Freetown Cape Sierra will overlook the coastline of this western African nation, at the mouth of one of the world’s largest natural harbors. The property will feature a business center, health club, outdoor pool, five restaurants and bars.
Added to the Hilton news was the announcement by the highly respected Rezidor Hotel Group that they re-developed the Mammy Yoko Hotel, also in Sierra Leone’s capital Freetown. The hotel will open for guests this year under their Radisson Blu brand, offering 171 rooms, a restaurant with outdoor terrace, several bars, meeting rooms, an outdoor swimming pool, tennis courts, duty free shopping and a gym.
The 200-room Hilton Freetown Cape Sierra
©Hilton Hotels Group
Back off the news that the UAE has signed an open skies agreement with the Government of Sierra Leone, paving the way for direct commercial flights between Freetown and Abu Dhabi / Dubai, the news that Hilton Hotels and Resorts is set to open a brand new resort hotel in 2014 in Freetown, the country’s capital provides a further boost to investors who are seeing a rapid transformation underway in Sierra Leone with day by day improvements to facilities and infrastructure.
The 200-room Hilton Freetown Cape Sierra will overlook the coastline of this western African nation, at the mouth of one of the world’s largest natural harbors. The property will feature a business center, health club, outdoor pool, five restaurants and bars.
Added to the Hilton news was the announcement by the highly respected Rezidor Hotel Group that they re-developed the Mammy Yoko Hotel, also in Sierra Leone’s capital Freetown. The hotel will open for guests this year under their Radisson Blu brand, offering 171 rooms, a restaurant with outdoor terrace, several bars, meeting rooms, an outdoor swimming pool, tennis courts, duty free shopping and a gym.
Deriving its name from Mammy Yoko, the leader of the Mende people in Sierra Leone in the second half of the 19th century, the hotel was damaged during the country’s civil war, and has undergone a complete overhaul.
Commenting on these new developments CEO of TAIA Lion Ari Untracht said
"Its amazing the progress currently underway in Sierra Leone, we are truly witnessing a remarkable transformation in the country's fortunes. These new hotel investments coupled with the potential to add more direct commercial flights to Freetown, set against major improvements in power supply plus the building and re-furbishment of the highways all adds to the growing optimism about Sierra Leone as a rising star in West Africa's economic development"
©Hilton Hotels Group
Monday, 2 January 2012
Brazilian Gold Corp São Jorge Resource Extension
São Jorge is Brazilian Gold’s most advance stage project. The deposit is host to an NI43-101 compliant indicated mineral resource of 11.365 Mt grading 1.0 g/t gold (379,000 ounces of contained gold) and an inferred mineral resource of 20.673 Mt grading 0.8 g/t gold (558,000 ounces of contained gold) at a 0.3 g/t cut-off (Coffey Mining, July 15, 2011).
The project has established infrastructure including road access and hydro electrical power.
The focus of the 2011 / 2012 exploration program will be to expand the existing São Jorge resource and identify new areas of mineralization on this large, unexplored property,
Recent drilling results shwed the existence of further mineralization and that the São Jorge resource would likely extend beyond its currently confirmed mineral resource estimate. The latest results showed significant gold intersections including:
SJD-096-11: 1.77 g/t over 4 m (42 to 46 m) and 4.37 g/t over 4 m (106 to 110 m),
SJD-097-11: 1.24 g/t over 54 m (187 to 241 m),
SJD-101-11: 1.79 g/t over 16 m (38 to 54 m) and 1.84 g/t over 8 m (74 to 82 m),
SJD-102-11: 1.21 g/t over 14 m (130 to 144 m), and
SJD-103-11: 2.28 g/t over 11 m (130 to 144 m)
The project has established infrastructure including road access and hydro electrical power.
The focus of the 2011 / 2012 exploration program will be to expand the existing São Jorge resource and identify new areas of mineralization on this large, unexplored property,
Recent drilling results shwed the existence of further mineralization and that the São Jorge resource would likely extend beyond its currently confirmed mineral resource estimate. The latest results showed significant gold intersections including:
SJD-096-11: 1.77 g/t over 4 m (42 to 46 m) and 4.37 g/t over 4 m (106 to 110 m),
SJD-097-11: 1.24 g/t over 54 m (187 to 241 m),
SJD-101-11: 1.79 g/t over 16 m (38 to 54 m) and 1.84 g/t over 8 m (74 to 82 m),
SJD-102-11: 1.21 g/t over 14 m (130 to 144 m), and
SJD-103-11: 2.28 g/t over 11 m (130 to 144 m)
BGC:TSX,V Brazilian Gold Corporation, stock advances 20% on heavy buying
Brazilian Gold Corporation BGC:TSXV, the fast track developer of large scale gold projects in northern Brazil sees its share price rise by 20% on heavy buying as investors are buoyed by the recent positive drill resorts that have the potential to confirm a significant resource extension at the flagship Sao Jorge project.
Wednesday, 28 December 2011
Polo Resources LSE: PRL. Expand Investment Policy
Polo Resources LSE (PRL) the London and Toronto listed natural resources investment and development company, announce today that they have widened their spectrum of investment interests that could now see Polo investing in production, processing and infrastructure support services associated with the market the board has a tremendous experience in, namely mining, oil and gas. Polo's track record to date would suggest them moving into some large scale investments in this sector and could probably mean the company would look towards taking stakes in smelters, mills, refineries, port or rail infrastructure and a variety of other support services such as drilling companies.
Co-Chairman of Polo, Neil Herbert said,
"The expansion of our investing policy is designed to enable Polo to deliver more diversified earning potential to shareholders from a broader spectrum of revenue generating businesses with exposure to the natural resources arena.
Using its extensive knowledge and experience in the natural resources sector the Board has identified significant growth potential across the support, production and infrastructure value chains within mining and oil and gas. Continued investment in commodity exploration, development and production by large multi-national and mid-tier companies continues to drive earnings, investment and development opportunities.”
Co-Chairman of Polo, Neil Herbert said,
"The expansion of our investing policy is designed to enable Polo to deliver more diversified earning potential to shareholders from a broader spectrum of revenue generating businesses with exposure to the natural resources arena.
Using its extensive knowledge and experience in the natural resources sector the Board has identified significant growth potential across the support, production and infrastructure value chains within mining and oil and gas. Continued investment in commodity exploration, development and production by large multi-national and mid-tier companies continues to drive earnings, investment and development opportunities.”
URU Metals. LSE: URU Positive Outlook Heading Into 2012
For immediate release
28 December 2011
URU Metals Limited
("URU" or the "Company")
Unaudited Condensed Consolidated Interim Financial Statements
For the six months ended 30 September 2011 available at www.urumetals.com
CHAIRMAN'S STATEMENT
I am delighted to present to our shareholders and stakeholders, the interim report and accounts of the Group for the six months ended 30 September 2011 (the "Period").
Whilst in the prior year the Group distributed shares in Kalahari Minerals, by way of a dividend in specie, this period, we have added to the underlying value of your Group by investing in projects with the potential to host world-class nickel and uranium deposits.
HIGLIGHTS
The highlights of our progress during the six months ended 30 September 2011, and to the date of this report, can be summarised as follows:
NIGER - URANIUM EXPLORATION
The drilling and exploration programme at our In Gall and Irhazer licensed areas continued into the start of the rainy season in June and then re-commenced on 18 November 2011. Whilst we look forward to receiving positive results from these operations, the Group continues to evaluate the security risks within that country and remains ever mindful of the safety of our employees and contractors whilst in the field.
SOUTHERN AFRICA - NICKEL EXPLORATION JOINT VENTURE
Last year the announcement of the Group's diversification into a nickel joint venture signalled our intention to diversify our exploration efforts into metals and minerals outside uranium. In January 2011 the joint venture announced the acquisition of a further target area of which we hope to shortly announce further positive results. To date, we have spent almost all the required funding to meet our obligations under the joint venture and look forward to these projects delivering further value to shareholders during 2012.
MANAGEMENT AND BOARD
As announced, the Group's Finance Director and Company Secretary Mr. Gordon Cassidy passed away suddenly on 14 September 2011. The Board was deeply saddened by the news, as Gordon had made a substantial contribution to the development of the Group almost from its inception and he will be missed by the URU Metals team. Mr. Russel Swarts who has been with the Group from June 2008 has been appointed as chief financial officer.
OUTLOOK
Since incorporation, the Company has sought to widen its strategy in the field of metals exploration and development and continues to seek to develop a diverse portfolio of exploration and development projects either organically or through acquisition.
The Company intends to advance its projects in Niger, particularly our In Gall and Irhazer projects, where the investment climate in uranium remains positive.
During the period the spot price of uranium continues to vacillate and is currently around the US$50/lb level.
The nickel joint venture is progressing well and we look forward to positive results from our metallurgical and geophysical testing.
At the reporting date, the Group had cash resources of US$ 5.251 million and no borrowings.
Whilst at the end of April 2011, the share price almost reached 16p, in line with the global pessimism it has decreased to trade around the 6.5p level.
We continue to believe that the fundamentals of the uranium and base minerals industries remain positive and the Board is satisfied with the progress made by the Group and remains confident about the opportunities for its future development.
28 December 2011
URU Metals Limited
("URU" or the "Company")
Unaudited Condensed Consolidated Interim Financial Statements
For the six months ended 30 September 2011 available at www.urumetals.com
CHAIRMAN'S STATEMENT
I am delighted to present to our shareholders and stakeholders, the interim report and accounts of the Group for the six months ended 30 September 2011 (the "Period").
Whilst in the prior year the Group distributed shares in Kalahari Minerals, by way of a dividend in specie, this period, we have added to the underlying value of your Group by investing in projects with the potential to host world-class nickel and uranium deposits.
HIGLIGHTS
The highlights of our progress during the six months ended 30 September 2011, and to the date of this report, can be summarised as follows:
NIGER - URANIUM EXPLORATION
The drilling and exploration programme at our In Gall and Irhazer licensed areas continued into the start of the rainy season in June and then re-commenced on 18 November 2011. Whilst we look forward to receiving positive results from these operations, the Group continues to evaluate the security risks within that country and remains ever mindful of the safety of our employees and contractors whilst in the field.
SOUTHERN AFRICA - NICKEL EXPLORATION JOINT VENTURE
Last year the announcement of the Group's diversification into a nickel joint venture signalled our intention to diversify our exploration efforts into metals and minerals outside uranium. In January 2011 the joint venture announced the acquisition of a further target area of which we hope to shortly announce further positive results. To date, we have spent almost all the required funding to meet our obligations under the joint venture and look forward to these projects delivering further value to shareholders during 2012.
MANAGEMENT AND BOARD
As announced, the Group's Finance Director and Company Secretary Mr. Gordon Cassidy passed away suddenly on 14 September 2011. The Board was deeply saddened by the news, as Gordon had made a substantial contribution to the development of the Group almost from its inception and he will be missed by the URU Metals team. Mr. Russel Swarts who has been with the Group from June 2008 has been appointed as chief financial officer.
OUTLOOK
Since incorporation, the Company has sought to widen its strategy in the field of metals exploration and development and continues to seek to develop a diverse portfolio of exploration and development projects either organically or through acquisition.
The Company intends to advance its projects in Niger, particularly our In Gall and Irhazer projects, where the investment climate in uranium remains positive.
During the period the spot price of uranium continues to vacillate and is currently around the US$50/lb level.
The nickel joint venture is progressing well and we look forward to positive results from our metallurgical and geophysical testing.
At the reporting date, the Group had cash resources of US$ 5.251 million and no borrowings.
Whilst at the end of April 2011, the share price almost reached 16p, in line with the global pessimism it has decreased to trade around the 6.5p level.
We continue to believe that the fundamentals of the uranium and base minerals industries remain positive and the Board is satisfied with the progress made by the Group and remains confident about the opportunities for its future development.
Tuesday, 27 December 2011
Brazilian Gold Corp TSX:V BGC Set To Enter Mine Development Preparations in 2012
Brazilian Gold Corporation TSX:V. (BGC) the fast track developer of the large scale open pit low risk Sao Jorge gold project is set to move towards the mine development stage in 2012 and with a positive PEA and JORC compliant resource estimate already under its belt BGC has been significantly overlooked by institutional investors
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