Gold in America: TNR Gold Corp.: 100% Interest Negotiated on Shotgun Gold Project, Alaska TNR.v, NG.to, ABX, KGC, TCK, GG, NEM, BVN, AUY, MAI.to, GRC.to, NGQ.to, FCX, GDX, HUI, XAU

"CaseyResearch: Most Alaskan gold comes from only a handful of mines – and that tells you something about the size of the deposits being worked. The two largest mines, Fort Knox and Pogo, account for more than 80% of 2008 total gold production, or 640,000 ounces. The Kensington project, which started producing gold just a month ago, is set to become the third largest. Perhaps. But these mines are small potatoes compared to some of the current projects being advanced toward production. Given that a million ounces of contained gold is considered a large gold mine, Alaska’s major deposits are genuine monsters: Pebble has 107.3 million ounces of gold, Donlin Creek has 42.3 million, and Livengood has 19.7 million. If these go into production, Alaska will rank as one of the world’s top gold producers."

 

 "If you grow something - it takes time, energy and a lot of effort. Not all connections will be apparent at the first sight - you need to know what you are doing. Those who are in this Gold Bull market from its very beginning, remember that Barrick was always among those "hedgers who was playing by the music of anti gold cartel." Situation has changed, when the company announced its unloading of its hedging and now it will enjoy the leverage to the gold price, but the real party will be going where resources are - in junior mining sector. In order to have more understanding of the next steps to realise value in this stage of this Bull we need to do some digging. We will refer you to couple of our old post, which are relevant today even more than before."


  We hope that, finally, market will find out that TNR Gold has gold not only in its name, but holds now 100% of Shotgun Gold deposit in Alaska. With all recent cyber activity in the market we thought that there is no hope in justice for this junior and nobody will ever honor their word again. Nova Gold has proved us to be wrong here. We guess that such a deal took some time and we are raising our hat to the Nova Gold management, who fulfilled their commitment.
  Even more, apparently, they can see the value and upside in all assets of TNR Gold in Gold, Copper, Lithium and REE. The deal is done with shares and warrants of TNR Gold. Nova Gold was holding the stake in TNR Gold before and now they have increased it just under 10%. Whoever has been shaken the tree with automated selling, he will not be able to get any more cheap shares in this junior. Management and insiders hold 50% of the company. Among other shareholders is another major - Barrick Gold. Canada Zinc Metals holds a strategic stake in the TNR Gold and Chinese Togling is buying now more than 30% in CZX.v In this light, trip to China will be very interesting: TNR Gold holds REE project in Canada: Big Beaverhouse and with all recent publicity around REE, we can expect some new developments here as well.

  Update: Now CEO of TNR Gold is buying in the market as well.


  This Fall is going to be hot for this company: International Lithium has announced their upcoming trip to China and Europe with pre IPO financing and TNR Gold will have a full plate after spin off of International Lithium with this acquisition.
  Insiders are backing International Lithium valuation at 15 million CAD according to information circular and Shotgun, we think, could be north of 15 million as well, if we consider 15 USD per Oz on NON NI43-101 historical resource or double the NAV (8 million * 2 =16 Million CAD) according to industry standard valuation now.

  Los Azules and Escorpio IV legal case is a pure blue sky potential here for valuation of this company and all other properties will be an icing on the cake.

  By the way, Minera Andes is rising with volume last few days as well - something is brewing on over there. Normally, before real estate agent will bring his clients house will be cleaned.
  We are so much fed up with this illegal practice of junior miners stocks manipulation in Canada, that will notice one more time: even today on the up tick and the volume up Scotia was hitting on the bids with 500 shares trade. It is not the way to sell - you would sit on the ask in a rising market, but the way to suppress the price and wait others to sell at this lower level: it was happening last few days. And today at the close Scotia proudly hit the bid with 500 just to show the closing lower - at 0.185CAD.

Recent Trades - Last 10 of 64


Time ET Ex Price Change Volume Buyer Seller Markers

15:59:01 V 0.185 0.01 500 33 Canaccord 85 Scotia K

15:56:34 V 0.19 0.015 340 80 National Bank 59 PI E

15:50:51 V 0.19 0.015 500 99 Jitney 1 Anonymous K

15:43:39 V 0.185 0.01 4,000 33 Canaccord 1 Anonymous K

15:34:07 V 0.185 0.01 500 33 Canaccord 85 Scotia K

15:28:09 V 0.185 0.01 9,000 7 TD Sec 9 BMO Nesbitt K

15:14:55 V 0.19 0.015 10,000 2 RBC 1 Anonymous K

15:04:35 V 0.19 0.015 5,000 7 TD Sec 1 Anonymous K

15:02:08 V 0.19 0.015 8,000 79 CIBC 79 CIBC K

15:02:08 V 0.19 0.015 12,000 79 CIBC 1 Anonymous K


  We would caution hot heads from this "mysterious hedge fund" specialising in illiquid juniors with market cap under 20 mil - you can lose you pants here and will not shake out Nova Gold, Canada Zinc Metals and Barrick Gold with insiders. IR has told us that they have informed TSX and Exchange is monitoring the situation.

  We are not certified to provide any valuation, so you will have to divide the value on the number of shares outstanding by yourself here.

  But lets dig up the asset - Shotgun:

  Technical Report on the Shotgun - Winchester project, SW Alaska.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

TNR Gold Corp.: 100% Interest Negotiated on Shotgun Gold Project, Alaska

Press Release Source: TNR Gold Corp. On Thursday September 30, 2010, 8:00 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) is pleased to announce an increase to a 100% undivided ownership interest in the Shotgun project in Southwestern Alaska (the "Property") through the acquisition of NovaGold Resources Inc.'s ("NovaGold" or the "Vendor") outstanding 50%.

Key Highlights:

-- Acquires NovaGold's 50% interest in the Property to increase it's ownership to 100%;

-- 6,000,000 shares and 3,000,000 warrants in the Company for consideration of NovaGold's 50% interest;
-- Shotgun Ridge contains a Non NI43-101 historical resource of 980,000 ounces grading 0.93 g/t(i);

-- 210.5 metres grading 1.29 g/t Au at Shotgun Ridge indicates higher grade feeder zone open at depth; and
-- $8 million spent on the project to date by the Company and previous operators.

"The Shotgun property is a major gold asset and the successful unification of a 100% interest translates into a significant increase in inherent value for the Company," states Gary Schellenberg, CEO - TNR Gold Corp. "The current economic climate is ideal for the advancement of a project such as this and we look forward to the opportunity to realize its potential."

NovaGold has agreed to sell its remaining 50% participating interest in the Property (the "Interest") to the Company in consideration for receiving an aggregate of 6 million common shares and 3 million share purchase warrants in the capital of the Company. In addition, a 2% net smelter returns royalty from mineral products produced from the Property will be granted to the Vendor by the Company, which can be purchased by the Company for USD 5 million any time prior to a production decision having been made.

Each share purchase warrant shall entitle the Vendor to acquire one common share in the capital of the Company for a period of three years following the completion of the purchase and sale of the Interest (the "Closing Date") at a price of C$0.20 per share from the Closing Date until the date which is one year from the Closing Date, at a price of C$0.25 per share from the date which is one year and one day from the Closing Date until the date which is two years from the Closing Date and at a price of C$0.30 per share thereafter until the expiry date.

Shotgun Project

The Shotgun project is located 175 kilometres south of Donlin Creek within the Kuskokwim Gold Belt in Southwestern Alaska, an area emerging as a world-class gold district hosting more than 40 million ounces of aggregated gold resources. The Shotgun project includes a number of prospects, including Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects in the Shotgun Project area and that of the Donlin Creek gold deposit as well as other intrusion associated deposits.

Previous work at Shotgun Ridge by NovaGold has estimated a historical resource of 980,000 ounces grading 0.93 gram per tonne (g/t) at a cut-off of 0.5 g/t(i).

The Company built on NovaGold's previous exploration work on Shotgun Ridge and a subsequent drill program in early 2006 reported a 210.5 metre intersection grading 1.29 g/t Au, which has led to the identification of two higher grade feeder zones and leaves the mineralization open at depth. This discovery intersection has yet to be followed up and an updated NI43-101 compliant resource has yet to be estimated. To date there has been 4,095 metres of drilling at Shotgun Ridge.

(i)(Not a NI43-101 compliant resource. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. This resource estimate is quoted from the Technical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and available on www.sedar.com).

The Winchester zone is an underexplored intrusion-associated gold prospect situated approximately 16 km south of Shotgun Ridge. The full extent of mineralized sills and dykes at Winchester is unknown since only 1.5 kilometres out of the 8 kilometre long ridge, host to numerous unexplained gold geochemical anomalies, has been explored in detail. Drilling during 2005 and 2006 identified gold-bearing sills in the eastern end of the Winchester zone. To date there has been 1,653 metres of drilling at Winchester.

Although the style of gold mineralization in sills at Winchester is quite different from the quartz-breccia stockwork that hosts the gold at Shotgun Ridge, the two prospects are geochemically very similar and are considered to be part of the same overall system. TNR believes a major structural axis, encountered in several drill sections, is critical to the mineralization and runs parallel to the ridge at Winchester. The next phase of exploration at Winchester will extend into the untested area along the ridge to the west in the direction of the structural axis.

The other two prospects that make up the Shotgun property are Shot and King. Shot contains some of the strongest geochemical anomalies on the Property and needs to be tested for similar mineralization to that found at Winchester. King includes several unexplained geochemical anomalies as well as a drill ready breccia zone.

John Harrop, P.Geo, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.

The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to the Company's wholly owned subsidiary International Lithium Corp upon completion of a proposed plan of arrangement.

The objective of the proposed plan of arrangement is to spin out the Company's rare metals property interests into a separate public company, International Lithium Corp. This proposed plan of arrangement has been approved by the Company's shareholders and the courts of British Columbia. The Company will now proceed with the spin out and will provide updates on the progress of the spinout in further news releases. For further details of the spinout, please refer to Stockwatch news dated May 26, 2010, or visit International Lithium's website.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined companies' commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg, President

CUSIP: #87260X 109

SEC 12g3-2(b): Exemption #82-4434

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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Gold in America: TNR Gold Corp.: 100% Interest Negotiated on Shotgun Gold Project, Alaska TNR.v, NG.to, ABX, KGC, TCK, GG, NEM, BVN, AUY, MAI.to, GRC.to, NGQ.to, FCX, GDX, HUI, XAU

"CaseyResearch: Most Alaskan gold comes from only a handful of mines – and that tells you something about the size of the deposits being worked. The two largest mines, Fort Knox and Pogo, account for more than 80% of 2008 total gold production, or 640,000 ounces. The Kensington project, which started producing gold just a month ago, is set to become the third largest. Perhaps. But these mines are small potatoes compared to some of the current projects being advanced toward production. Given that a million ounces of contained gold is considered a large gold mine, Alaska’s major deposits are genuine monsters: Pebble has 107.3 million ounces of gold, Donlin Creek has 42.3 million, and Livengood has 19.7 million. If these go into production, Alaska will rank as one of the world’s top gold producers."

 

 "If you grow something - it takes time, energy and a lot of effort. Not all connections will be apparent at the first sight - you need to know what you are doing. Those who are in this Gold Bull market from its very beginning, remember that Barrick was always among those "hedgers who was playing by the music of anti gold cartel." Situation has changed, when the company announced its unloading of its hedging and now it will enjoy the leverage to the gold price, but the real party will be going where resources are - in junior mining sector. In order to have more understanding of the next steps to realise value in this stage of this Bull we need to do some digging. We will refer you to couple of our old post, which are relevant today even more than before."


  We hope that, finally, market will find out that TNR Gold has gold not only in its name, but holds now 100% of Shotgun Gold deposit in Alaska. With all recent cyber activity in the market we thought that there is no hope in justice for this junior and nobody will ever honor their word again. Nova Gold has proved us to be wrong here. We guess that such a deal took some time and we are raising our hat to the Nova Gold management, who fulfilled their commitment.
  Even more, apparently, they can see the value and upside in all assets of TNR Gold in Gold, Copper, Lithium and REE. The deal is done with shares and warrants of TNR Gold. Nova Gold was holding the stake in TNR Gold before and now they have increased it just under 10%. Whoever has been shaken the tree with automated selling, he will not be able to get any more cheap shares in this junior. Management and insiders hold 50% of the company. Among other shareholders is another major - Barrick Gold. Canada Zinc Metals holds a strategic stake in the TNR Gold and Chinese Togling is buying now more than 30% in CZX.v In this light, trip to China will be very interesting: TNR Gold holds REE project in Canada: Big Beaverhouse and with all recent publicity around REE, we can expect some new developments here as well.

  Update: Now CEO of TNR Gold is buying in the market as well.


  This Fall is going to be hot for this company: International Lithium has announced their upcoming trip to China and Europe with pre IPO financing and TNR Gold will have a full plate after spin off of International Lithium with this acquisition.
  Insiders are backing International Lithium valuation at 15 million CAD according to information circular and Shotgun, we think, could be north of 15 million as well, if we consider 15 USD per Oz on NON NI43-101 historical resource or double the NAV (8 million * 2 =16 Million CAD) according to industry standard valuation now.

  Los Azules and Escorpio IV legal case is a pure blue sky potential here for valuation of this company and all other properties will be an icing on the cake.

  By the way, Minera Andes is rising with volume last few days as well - something is brewing on over there. Normally, before real estate agent will bring his clients house will be cleaned.
  We are so much fed up with this illegal practice of junior miners stocks manipulation in Canada, that will notice one more time: even today on the up tick and the volume up Scotia was hitting on the bids with 500 shares trade. It is not the way to sell - you would sit on the ask in a rising market, but the way to suppress the price and wait others to sell at this lower level: it was happening last few days. And today at the close Scotia proudly hit the bid with 500 just to show the closing lower - at 0.185CAD.

Recent Trades - Last 10 of 64


Time ET Ex Price Change Volume Buyer Seller Markers

15:59:01 V 0.185 0.01 500 33 Canaccord 85 Scotia K

15:56:34 V 0.19 0.015 340 80 National Bank 59 PI E

15:50:51 V 0.19 0.015 500 99 Jitney 1 Anonymous K

15:43:39 V 0.185 0.01 4,000 33 Canaccord 1 Anonymous K

15:34:07 V 0.185 0.01 500 33 Canaccord 85 Scotia K

15:28:09 V 0.185 0.01 9,000 7 TD Sec 9 BMO Nesbitt K

15:14:55 V 0.19 0.015 10,000 2 RBC 1 Anonymous K

15:04:35 V 0.19 0.015 5,000 7 TD Sec 1 Anonymous K

15:02:08 V 0.19 0.015 8,000 79 CIBC 79 CIBC K

15:02:08 V 0.19 0.015 12,000 79 CIBC 1 Anonymous K


  We would caution hot heads from this "mysterious hedge fund" specialising in illiquid juniors with market cap under 20 mil - you can lose you pants here and will not shake out Nova Gold, Canada Zinc Metals and Barrick Gold with insiders. IR has told us that they have informed TSX and Exchange is monitoring the situation.

  We are not certified to provide any valuation, so you will have to divide the value on the number of shares outstanding by yourself here.

  But lets dig up the asset - Shotgun:

  Technical Report on the Shotgun - Winchester project, SW Alaska.

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

TNR Gold Corp.: 100% Interest Negotiated on Shotgun Gold Project, Alaska

Press Release Source: TNR Gold Corp. On Thursday September 30, 2010, 8:00 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2010) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) is pleased to announce an increase to a 100% undivided ownership interest in the Shotgun project in Southwestern Alaska (the "Property") through the acquisition of NovaGold Resources Inc.'s ("NovaGold" or the "Vendor") outstanding 50%.

Key Highlights:

-- Acquires NovaGold's 50% interest in the Property to increase it's ownership to 100%;

-- 6,000,000 shares and 3,000,000 warrants in the Company for consideration of NovaGold's 50% interest;
-- Shotgun Ridge contains a Non NI43-101 historical resource of 980,000 ounces grading 0.93 g/t(i);

-- 210.5 metres grading 1.29 g/t Au at Shotgun Ridge indicates higher grade feeder zone open at depth; and
-- $8 million spent on the project to date by the Company and previous operators.

"The Shotgun property is a major gold asset and the successful unification of a 100% interest translates into a significant increase in inherent value for the Company," states Gary Schellenberg, CEO - TNR Gold Corp. "The current economic climate is ideal for the advancement of a project such as this and we look forward to the opportunity to realize its potential."

NovaGold has agreed to sell its remaining 50% participating interest in the Property (the "Interest") to the Company in consideration for receiving an aggregate of 6 million common shares and 3 million share purchase warrants in the capital of the Company. In addition, a 2% net smelter returns royalty from mineral products produced from the Property will be granted to the Vendor by the Company, which can be purchased by the Company for USD 5 million any time prior to a production decision having been made.

Each share purchase warrant shall entitle the Vendor to acquire one common share in the capital of the Company for a period of three years following the completion of the purchase and sale of the Interest (the "Closing Date") at a price of C$0.20 per share from the Closing Date until the date which is one year from the Closing Date, at a price of C$0.25 per share from the date which is one year and one day from the Closing Date until the date which is two years from the Closing Date and at a price of C$0.30 per share thereafter until the expiry date.

Shotgun Project

The Shotgun project is located 175 kilometres south of Donlin Creek within the Kuskokwim Gold Belt in Southwestern Alaska, an area emerging as a world-class gold district hosting more than 40 million ounces of aggregated gold resources. The Shotgun project includes a number of prospects, including Shotgun Ridge and nearby Winchester. Donlin is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects in the Shotgun Project area and that of the Donlin Creek gold deposit as well as other intrusion associated deposits.

Previous work at Shotgun Ridge by NovaGold has estimated a historical resource of 980,000 ounces grading 0.93 gram per tonne (g/t) at a cut-off of 0.5 g/t(i).

The Company built on NovaGold's previous exploration work on Shotgun Ridge and a subsequent drill program in early 2006 reported a 210.5 metre intersection grading 1.29 g/t Au, which has led to the identification of two higher grade feeder zones and leaves the mineralization open at depth. This discovery intersection has yet to be followed up and an updated NI43-101 compliant resource has yet to be estimated. To date there has been 4,095 metres of drilling at Shotgun Ridge.

(i)(Not a NI43-101 compliant resource. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. This resource estimate is quoted from the Technical Report on the Shotgun-Winchester Project, SW Alaska. 7 March 2008 and available on www.sedar.com).

The Winchester zone is an underexplored intrusion-associated gold prospect situated approximately 16 km south of Shotgun Ridge. The full extent of mineralized sills and dykes at Winchester is unknown since only 1.5 kilometres out of the 8 kilometre long ridge, host to numerous unexplained gold geochemical anomalies, has been explored in detail. Drilling during 2005 and 2006 identified gold-bearing sills in the eastern end of the Winchester zone. To date there has been 1,653 metres of drilling at Winchester.

Although the style of gold mineralization in sills at Winchester is quite different from the quartz-breccia stockwork that hosts the gold at Shotgun Ridge, the two prospects are geochemically very similar and are considered to be part of the same overall system. TNR believes a major structural axis, encountered in several drill sections, is critical to the mineralization and runs parallel to the ridge at Winchester. The next phase of exploration at Winchester will extend into the untested area along the ridge to the west in the direction of the structural axis.

The other two prospects that make up the Shotgun property are Shot and King. Shot contains some of the strongest geochemical anomalies on the Property and needs to be tested for similar mineralization to that found at Winchester. King includes several unexplained geochemical anomalies as well as a drill ready breccia zone.

John Harrop, P.Geo, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.

ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.

The Company is a diversified international metals exploration company focusing on the continued advancement of existing properties and identifying and acquiring new prospective projects. The Company has a portfolio of 18 active projects, of which 9 rare metals projects, including Mariana, will be held or optioned to the Company's wholly owned subsidiary International Lithium Corp upon completion of a proposed plan of arrangement.

The objective of the proposed plan of arrangement is to spin out the Company's rare metals property interests into a separate public company, International Lithium Corp. This proposed plan of arrangement has been approved by the Company's shareholders and the courts of British Columbia. The Company will now proceed with the spin out and will provide updates on the progress of the spinout in further news releases. For further details of the spinout, please refer to Stockwatch news dated May 26, 2010, or visit International Lithium's website.

The recent acquisition of lithium, other rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the combined companies' commitments to generating projects, diversifying its markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg, President

CUSIP: #87260X 109

SEC 12g3-2(b): Exemption #82-4434

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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• TNR Gold Corp. States No Adverse Material Change / Proceeding as Proposed With International Lithium Spin-Off TNR.v, CZX.v, NG.to, ABX, RM.v, LIT, LI.v, WLC.v, CLQ.v, MAI.to, GRC.to, NGQ.to, SGC.v, NEM, FCX (sufiy.blogspot.com)
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• Gold and Silver: Junior gold miners 'provide M&A allure' TNR.v, GRC.to, AMM.to, NGQ.to, SGC.v, ASM.v, EPZ.v, KTN.v, MGN, CUU.v, ALK.ax, MXR.v, BVG.v, BVA.v, GG, FCX, NEM, KGC, BVN, AUY, (sufiy.blogspot.com)
• Lithium and REE, Gold and Copper: TNR Gold: Flash Crash or Storm in a Cup of Water? TNR.v, MAI.v, CZX.v, RM.v, ALK.ax, LIT, WLC.v, CLQ.v, LI.v, GXY.ax, ORE.ax, LUN.to, BHP, RTP, FCX, GG, NEM, AUY, BVN (sufiy.blogspot.com)
• Gold Fever: Rise in gold sector M&A raises eyebrows TNR.v, MAI.to, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, (sufiy.blogspot.com)
• Investing in Lithium: Looking for Catalyst TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, HEV, AONE, CLQ.v, WLC.v, ABN.v, HAO.v, FMC, SQM, (sufiy.blogspot.com)
• Lithium Therapy: Richard Mills: Dow/Gold & Summer Doldrums TNR.v, CZX.v, RM.v, AMM.to, SGC.v, GRC.to, NGQ.to, BVG.v, BVA.v, ALK.ax, BTT.v, VTR.v, MGN, CGP.v, WLC.v, CLQ.v, LIT, TSLA, LI.v, AVL.to, HAO.v, ABN.v, (sufiy.blogspot.com)
• TNR Gold Corp.: 33% Increase in Project Area to 160 Square Kilometres, Mariana Lithium Brine Project, Argentina TNR.v, CZX.v, RM.v, LIT, LIT.v, LI.v, WLC.v, CLQ.v, ORE.ax, TSLA, BYDDY, NSANY, HEV, AONE, FCX, BHP, RTP (sufiy.blogspot.com)
• Lithium Bull: Rest before the Charge TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, HEV, AONE, CLQ.v, WLC.v, ABN.v, HAO.v, FMC, SQM, (sufiy.blogspot.com)

Barrick says gold could "easily" exceed $1,500/oz ABX, TNR.v, NG.to, GG, MAI.to, AUY, BVN, FCX, AEM, KGC, GRC.to, NGQ.to, SGC.v, BVA.v, BVG.v, MXR.to

 

  If you grow something it takes time, energy and a lot of effort. Not all connections will be apparent at the first sight - you need to know what you are doing. Those who are in this Gold Bull market from its very beginning, remember that Barrick was always among those "hedgers who was playing by the music of anti gold cartel." Situation has changed, when the company announced its unloading of its hedging and now it will enjoy the leverage to the gold price, but the real party will be going where resources are - in junior mining sector. In order to have more understanding of the next steps to realise value in this stage of this Bull we need to do some digging. We will refer you to couple of our old post, which are relevant today even more than before.

"4. First Gold will make new all-time high, second will be M&A play: Majors will shop for Juniors with resources in the ground. Here is the double-game - Gold is moving up and Majors' production and Reserve Base is going down. If you like more leverage you are welcome to Silver market. Place to be is in stories will strong management, growing resources and stable political situations. Markets will be volatile by all means and political tensions will be driving this Gold Bull as well."

"CS, Junior Mining economics, bullish case for Hard Assets, Gold and Silver.

Just few short months ago we all have been worrying that Argentina will default. If you consider the Junior mining companies share prices like MAi.to, CGH.to and TNR.v involved in Argentina - even today discounts show that Mr Market is still awaiting some kind of tsunami to cover all the goods in the ground by miles of water.

We know that there is a battle against that huge mine, but we will leave environment responsibility with Barrick Gold ABX and connect here a few important points in our Value Web.

Mining business is a very close and interconnected. Juniors are taking the risk to fund, find and develop resources, Majors are buying these resources and are ready to pay a top buck to buy the time."

"Blue sky is called blue sky because of its unlimitness, but the edge between the TenBagger and worthless dreams is very sharp and hurt a lot of people. First hole drilled with economic mineralisation normally brings excitement and flood of money compare to Junior's market Cap and average volume of trading - nobody really knows how big is that thing in the ground. Before that hole will make its way from our "3 of one Thousand" to boring and relatively safe producing mine, Junior Mining company drilled that hole will experience Investment Cycle we would like to write about today. We have discussed before Junior Mining economics and our Bullish case for the Real Things. There is no question for us that the big money will be made in the sector again, the big question is Where?"

Reuters:

Barrick says gold could "easily" exceed $1,500/oz

By Jan Harvey

BERLIN

Mon Sep 27, 2010 4:11pm IST

BERLIN (Reuters) - Barrick Gold, the world's number one miner of the precious metal, said on Monday gold prices could "easily" outperform recent record highs to rise above $1,500 an ounce in the next year.

"From what we're hearing, there are still significant new buyers coming into the market," Jamie Sokalsky, the company's chief financial officer, told Reuters on the sidelines of the London Bullion Market Association here.

"My view is that we could see much stronger prices still from here," he said, adding: "I can see gold easily taking out new highs and going above $1,500 an ounce in the next year."

Spot gold rose to a record high of $1,300 an ounce on Monday. Delegates at the LBMA meet were bullish on prices earlier on Monday, delivering an average forecast of $1,406 an ounce for this time next year.

Sokalsky said compared with where gold was in the early 1980s, at around $2,300 an ounce on an inflation-adjusted basis, prices still had substantial upside.

"Given all the factors that are there to support gold -- macroeconomic factors, supply and demand factors, geopolitical tensions, a still-simmering sovereign debt crisis -- I think the ledger has so many more reasons to buy gold that to sell," he said.

He said the company's recent closure of its hedges -- forward sales of gold made to lock in prices of future production -- meant it now had greater leverage to the rising gold price.

DEMAND SOARS

Demand for gold has soared in recent years as the financial crisis boosted the precious metal's appeal as a haven from risk, while concerns quantitative easing may debase paper currencies have fueled buying of bullion as an alternative asset.

Supply has struggled to keep pace, with central bank selling, once a significant source of bullion to the market, falling off sharply and scrap supply erratic despite rising prices.

Sokalsky reiterated Barrick's output forecast of 7.6-8 million ounces for 2010, but said the company's $500 million Cortez Hills mine, which went into production in the first quarter of this year, was likely to outstrip its current production target.

"The first two quarters have been great quarters for the mine, so we expect to exceed that guidance of 1.1 million ounces...probably in the neighborhood of 5-10 percent," he said.

Barrick's cash costs for the year were likely to be at the upper end of its existing $425-455 an ounce guidance as rising gold prices increased royalty obligations, he added.

Nonetheless he said margins remain healthy. "We are seeing significant margin expansion," he said. "In the second quarter our margin against cash costs was over $700 per ounce."

He said when two projects currently under construction -- Pueblo Viejo in the Dominican Republic and Pascua-Lama on the Chile-Argentina border -- are in full production, they will contribute 1.5 million ounces a year for the first five years at cash costs below $200 per ounce.

"These are very good long-life projects that, once in operation, will look to lower our overall cost base," he said.

(Reporting by Jan Harvey; Editing by Sue Thomas)"

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• TNR Gold Corp. States No Adverse Material Change / Proceeding as Proposed With International Lithium Spin-Off TNR.v, CZX.v, NG.to, ABX, RM.v, LIT, LI.v, WLC.v, CLQ.v, MAI.to, GRC.to, NGQ.to, SGC.v, NEM, FCX (sufiy.blogspot.com)
• Avino Silver and Gold Mines samples 0.8 m of 5,522 g/t Ag at San Gonzalo ASM.v, EPZ.to, RVM.to, MGN, TNR.v, GRC.to, GBN.v, BVA.v, BCG.v, ALK.ax, NGQ.to, SGC.v, KTN.v (sufiy.blogspot.com)
• Gold in Canada: Goldstone Resources: Premier Gold drills 53 m of 5.49 g/t Au at Hardrock GRC.v, PG.to, TNR.v, GBN.v, NGQ.v, SGC.v, ASM.v, RVM.to, MGN, EPZ.to, KTN.v, BTT.v, ALK.ax, GG, NEM, BVN, ABX, KGC, AUY (sufiy.blogspot.com)
• Lithium Therapy: Richard Mills: Dow/Gold & Summer Doldrums TNR.v, CZX.v, RM.v, AMM.to, SGC.v, GRC.to, NGQ.to, BVG.v, BVA.v, ALK.ax, BTT.v, VTR.v, MGN, CGP.v, WLC.v, CLQ.v, LIT, TSLA, LI.v, AVL.to, HAO.v, ABN.v, (sufiy.blogspot.com)
• Gold and Copper in Africa: Sunridge Gold is on the move with volume today GRC.to, PG.to, GG, ABX, TNR.v, BTT.v, GBN.v, ASM.v, SGC.v, NGQ.v, EPZ.v, CZX.v, ALK.ax, NEM, AUY, FCX (sufiy.blogspot.com)
• Globe says Minera Andes, Copper Fox Metals among others could be takeover targets MAI.v, TNR.v, CUU.v, CZX.v, LUN.to, NGQ.to, SGC.to, ASM.v, AMM.to, GRC.to, FCX, BVN, ABX, TCK, BHP, RTP, GG (sufiy.blogspot.com)
• Gold and Copper in Argentina: Minera Andes surges on rumours and Rob McEwen's commitment MAI.to, TNR.v, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, (sufiy.blogspot.com)
• Gold Fever: Rise in gold sector M&A raises eyebrows TNR.v, MAI.to, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, (sufiy.blogspot.com)
• Investing in Lithium: Looking for Catalyst TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, HEV, AONE, CLQ.v, WLC.v, ABN.v, HAO.v, FMC, SQM, (sufiy.blogspot.com)

Barrick says gold could "easily" exceed $1,500/oz ABX, TNR.v, NG.to, GG, MAI.to, AUY, BVN, FCX, AEM, KGC, GRC.to, NGQ.to, SGC.v, BVA.v, BVG.v, MXR.to

 

  If you grow something it takes time, energy and a lot of effort. Not all connections will be apparent at the first sight - you need to know what you are doing. Those who are in this Gold Bull market from its very beginning, remember that Barrick was always among those "hedgers who was playing by the music of anti gold cartel." Situation has changed, when the company announced its unloading of its hedging and now it will enjoy the leverage to the gold price, but the real party will be going where resources are - in junior mining sector. In order to have more understanding of the next steps to realise value in this stage of this Bull we need to do some digging. We will refer you to couple of our old post, which are relevant today even more than before.

"4. First Gold will make new all-time high, second will be M&A play: Majors will shop for Juniors with resources in the ground. Here is the double-game - Gold is moving up and Majors' production and Reserve Base is going down. If you like more leverage you are welcome to Silver market. Place to be is in stories will strong management, growing resources and stable political situations. Markets will be volatile by all means and political tensions will be driving this Gold Bull as well."

"CS, Junior Mining economics, bullish case for Hard Assets, Gold and Silver.

Just few short months ago we all have been worrying that Argentina will default. If you consider the Junior mining companies share prices like MAi.to, CGH.to and TNR.v involved in Argentina - even today discounts show that Mr Market is still awaiting some kind of tsunami to cover all the goods in the ground by miles of water.

We know that there is a battle against that huge mine, but we will leave environment responsibility with Barrick Gold ABX and connect here a few important points in our Value Web.

Mining business is a very close and interconnected. Juniors are taking the risk to fund, find and develop resources, Majors are buying these resources and are ready to pay a top buck to buy the time."

"Blue sky is called blue sky because of its unlimitness, but the edge between the TenBagger and worthless dreams is very sharp and hurt a lot of people. First hole drilled with economic mineralisation normally brings excitement and flood of money compare to Junior's market Cap and average volume of trading - nobody really knows how big is that thing in the ground. Before that hole will make its way from our "3 of one Thousand" to boring and relatively safe producing mine, Junior Mining company drilled that hole will experience Investment Cycle we would like to write about today. We have discussed before Junior Mining economics and our Bullish case for the Real Things. There is no question for us that the big money will be made in the sector again, the big question is Where?"

Reuters:

Barrick says gold could "easily" exceed $1,500/oz

By Jan Harvey

BERLIN

Mon Sep 27, 2010 4:11pm IST

BERLIN (Reuters) - Barrick Gold, the world's number one miner of the precious metal, said on Monday gold prices could "easily" outperform recent record highs to rise above $1,500 an ounce in the next year.

"From what we're hearing, there are still significant new buyers coming into the market," Jamie Sokalsky, the company's chief financial officer, told Reuters on the sidelines of the London Bullion Market Association here.

"My view is that we could see much stronger prices still from here," he said, adding: "I can see gold easily taking out new highs and going above $1,500 an ounce in the next year."

Spot gold rose to a record high of $1,300 an ounce on Monday. Delegates at the LBMA meet were bullish on prices earlier on Monday, delivering an average forecast of $1,406 an ounce for this time next year.

Sokalsky said compared with where gold was in the early 1980s, at around $2,300 an ounce on an inflation-adjusted basis, prices still had substantial upside.

"Given all the factors that are there to support gold -- macroeconomic factors, supply and demand factors, geopolitical tensions, a still-simmering sovereign debt crisis -- I think the ledger has so many more reasons to buy gold that to sell," he said.

He said the company's recent closure of its hedges -- forward sales of gold made to lock in prices of future production -- meant it now had greater leverage to the rising gold price.

DEMAND SOARS

Demand for gold has soared in recent years as the financial crisis boosted the precious metal's appeal as a haven from risk, while concerns quantitative easing may debase paper currencies have fueled buying of bullion as an alternative asset.

Supply has struggled to keep pace, with central bank selling, once a significant source of bullion to the market, falling off sharply and scrap supply erratic despite rising prices.

Sokalsky reiterated Barrick's output forecast of 7.6-8 million ounces for 2010, but said the company's $500 million Cortez Hills mine, which went into production in the first quarter of this year, was likely to outstrip its current production target.

"The first two quarters have been great quarters for the mine, so we expect to exceed that guidance of 1.1 million ounces...probably in the neighborhood of 5-10 percent," he said.

Barrick's cash costs for the year were likely to be at the upper end of its existing $425-455 an ounce guidance as rising gold prices increased royalty obligations, he added.

Nonetheless he said margins remain healthy. "We are seeing significant margin expansion," he said. "In the second quarter our margin against cash costs was over $700 per ounce."

He said when two projects currently under construction -- Pueblo Viejo in the Dominican Republic and Pascua-Lama on the Chile-Argentina border -- are in full production, they will contribute 1.5 million ounces a year for the first five years at cash costs below $200 per ounce.

"These are very good long-life projects that, once in operation, will look to lower our overall cost base," he said.

(Reporting by Jan Harvey; Editing by Sue Thomas)"

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• TNR Gold Corp. States No Adverse Material Change / Proceeding as Proposed With International Lithium Spin-Off TNR.v, CZX.v, NG.to, ABX, RM.v, LIT, LI.v, WLC.v, CLQ.v, MAI.to, GRC.to, NGQ.to, SGC.v, NEM, FCX (sufiy.blogspot.com)
• Avino Silver and Gold Mines samples 0.8 m of 5,522 g/t Ag at San Gonzalo ASM.v, EPZ.to, RVM.to, MGN, TNR.v, GRC.to, GBN.v, BVA.v, BCG.v, ALK.ax, NGQ.to, SGC.v, KTN.v (sufiy.blogspot.com)
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• Lithium Therapy: Richard Mills: Dow/Gold & Summer Doldrums TNR.v, CZX.v, RM.v, AMM.to, SGC.v, GRC.to, NGQ.to, BVG.v, BVA.v, ALK.ax, BTT.v, VTR.v, MGN, CGP.v, WLC.v, CLQ.v, LIT, TSLA, LI.v, AVL.to, HAO.v, ABN.v, (sufiy.blogspot.com)
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• Globe says Minera Andes, Copper Fox Metals among others could be takeover targets MAI.v, TNR.v, CUU.v, CZX.v, LUN.to, NGQ.to, SGC.to, ASM.v, AMM.to, GRC.to, FCX, BVN, ABX, TCK, BHP, RTP, GG (sufiy.blogspot.com)
• Gold and Copper in Argentina: Minera Andes surges on rumours and Rob McEwen's commitment MAI.to, TNR.v, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, (sufiy.blogspot.com)
• Gold Fever: Rise in gold sector M&A raises eyebrows TNR.v, MAI.to, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, (sufiy.blogspot.com)
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Avino Silver and Gold Mines samples 0.8 m of 5,522 g/t Ag at San Gonzalo ASM.v, EPZ.to, RVM.to, MGN, TNR.v, GRC.to, GBN.v, BVA.v, BCG.v, ALK.ax, NGQ.to, SGC.v, KTN.v

 

  We know Avino Silver for years and we have only one problem with this company - their goal "Resume production as quickly as possible" is in the market for the last five years at least. So far progress was very slow at least. But it is a junior mining silver play, even with sleeping management silver will not be able to slip from the company's property. Question is how much do they actually have? In the beginning of Silver boom years ago they had some kind of a huge bogus number posted of historical resources, which have disappeared with more strict reporting. Now we think with resent silver prices everything with the word silver could fly and Avino Silver definitely has some goods. The most important is that its Mill could justify market value of the company alone. We are pleased to see, finally, good results from ongoing exploration program.

"Avino Silver & Gold Mines is an experienced, Vancouver based mining and exploration firm with properties in Mexico and Canada.

The company's primary goal is to reactivate the Avino silver-gold-copper-zinc-lead mine in Mexico, which Avino operated for 27 years beginning in 1974. Low metal prices and the closure of a key smelter forced the operation to close in 2001.

Current metal markets and high-grade discoveries on the property's San Gonzalo vein have greatly improved the economics and feasibility for potential production.

Since 2007, Avino has invested in extensive rehabilitation and modernization of the mill. A 10,000-tonne bulk sample in 2010 is expected to move the project closer to a production decision.

Our key objectives for 2010:

Execute the San Gonzalo bulk sample program.

Continue developing the San Gonzalo resource

Resume production as quickly as possible

Expand resources, reserves and the mines output

Identify and explore new targets on the property

Avino also holds precious metals properties in British Columbia and the Yukon Territory.

Stockwatch:

Avino samples 0.8 m of 5,522 g/t Ag at San Gonzalo

2010-09-28 12:13 ET - News Release

Mr. David Wolfin reports

AVINO ASSAYS UP TO 0.80 M OF 5,522 G/T AG & 1.304 G/T AU AT SAN GONZALO

Avino Silver & Gold Mines Ltd. has released an update of the continuing underground development at its San Gonzalo project at the Avino property in Durango, Mexico.

Avino's mine contractor, DMG, has been driving two declines, the upper level 1 (2,306-metre elevation) and lower level 2 (2,260-metre elevation). Both levels intersected the San Gonzalo vein, level 2 has intersected the San Gonzalo vein and a splay vein. These are known as San Gonzalo vein 1 (SG1) and San Gonzalo. They are shown on a plan map on Avino's website.

DMG drifted along both San Gonzalo and San Gonzalo 1 on both levels 1 and 2. To the northwest, both levels broke into the old San Gonzalo workings and DMG is now driving a raise to connect the two levels.

Avino is pleased with the minable widths and excellent grades found to date on SG1 in its underground development program. Avino has now outlined the areas on the San Gonzalo vein 1 where stope preparation for production will commence in the next few days. As shown on the plan map on Avino's website the results shown in the attached table are from west to east."

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