Showing posts with label Uranium. Show all posts
Showing posts with label Uranium. Show all posts

Tuesday, February 07, 2012

MAX drills 29.2 m of 30.5 g/t Ag and 0.69% Cu in step-out drilling at DeSoto discovery, Majuba Hill, Nevada mxr.v, ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax



   One more sleepy junior is coming back to life with very interesting drilling results today. Old video below gives some insight in another Gold properties of MAX Resources in Nevada. Now it is getting interesting again.


     

MAX believes that Majuba Hill is a newly-defined copper/silver/gold porphyry system that is highly prospective for a bulk-tonnage, open pit deposit. Since acquiring an interest in the property in March 2011, MAX has conducted extensive exploration programs which included soil sampling, data compilation and mapping and core drilling. During a Phase I core drilling program completed in August 2011, MAX encountered long intervals of high-grade silver and copper near surface in five of eight holes, as well as significant gold intercepts. Highlights of this drilling include:
  • 44.2 metres (m) of 71.0 grams per tonne (g/t) Ag, 0.15 g/t Au and 1.14% Cu in hole MM-06;
  • 50.3 m of 50.8 g/t Ag, 0.31 g/t gold and 0.31% Cu in hole MM-07;
  • 42.7 m of 37.5 g/t Ag and 0.38% Cu in hole MM-03;
  • 45.7 m of 15.4 g/t Ag and 0.56% Cu in hole MM-02; 

Tue Feb 7, 2012

MAX drills 29.2 m of 30.5 g/t Ag and 0.69% Cu in step-out drilling at DeSoto discovery, Majuba Hill, Nevada

"MAX Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received assay results from the first three of the four step out drill holes completed at its Majuba Hill copper/silver project in Nevada during the fall of 2011. Hole MM-18 was one of two holes drilled to test a new high grade mineralized zone identified during soil sampling in 2011 near the past producing DeSoto silver mine and intercepted 29.2 meters of 30.5 g/t silver (Ag) and 0.69% cooper (Cu).

Highlights:

  • MM-18 was drilled 1.4 km to the northwest of MAX's Phase I drilling at the past producing Majuba Hill mine, where MAX intercepted near surface high grade copper and silver mineralization over significant lengths in five of eight holes.
  • Hole MM-18 was one of two holes drilled to test a new high grade mineralized zone identified during soil sampling in 2011 and intercepted 29.2 meters of 30.5 g/t Ag and 0.69% Cu.
  • The copper/silver soil anomaly at DeSoto is approximately 1.5 km long by 500 m wide and returned values as high as 1.53% Cu and 209 g/t Ag in soils.
  • Hole MM-17 was drilled 730 m southeast of Phase I drilling and intercepted 42.7 m of 16.8 g/t Ag, 13.7 m of 15.9 g/t Ag and 6.16 m of 51.0 g/t Ag
  • Permitting is underway for an extensive Phase III delineation drill program at Desoto to begin in the spring of 2012

Clancy Wendt, P.Geo, VP Exploration of MAX, states "We are excited by this new discovery at DeSoto, which extends the known area of high grade mineralization at Majuba Hill to the northwest by at least 1.4 kilometers. In addition, drilling 730 m to the southeast has intercepted significant silver mineralization and expanded the mineralized zone at Majuba Hill itself, with assay results still pending from hole MM-20. The discovery at DeSoto that high-grade copper and silver mineralization exists well beyond the immediate area of the past producing Majuba Hill mine confirms our theory that Majuba Hill is an extensive copper/silver porphyry system that is highly prospective for the development of a bulk-tonnage open pit deposit."

Hole MM-19 was drilled at the same location as hole MM-18 at an angle of --45 to the southeast, whereas hole MM-18 was drilled at the same angle to the northwest, and intercepted 3.6 m of 14.3 g/t Ag and 0.45% Cu within ten feet of surface. A map showing drilling locations from the 2011 exploration program at Majuba Hill is available on our web site at www.maxresource.com.

The first drill hole of the Phase II program, MM-17, was collared on the "Ball Park" target area immediately to the east of our Phase I drill program at Majuba Hill itself. Hole MM-17 is located approximately 730 meters to the east of our hole MM-06 (where we drilled 96 m of 39.2 g/t Ag and 0.57% Cu commencing within 5 feet of surface) and was the first of two holes planned to test the eastern extension of the high grade mineralized zone at Majuba Hill. Hole MM-17 includes intercepts of 42.7 m of 16.8 g/t Ag, 13.7 m of 15.9 g/t Ag and 6.1 m of 51.0 g/t Ag with only nominal copper; this confirms that we are still in the mineralized system.

Drill results from the three holes reported today are as follows:

Hole
Azimuth
Angle
Total Depth
From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
MM-18
304
-45
146 m
21.9
51.1
29.2
0.69%
30.5
79.3
80.5
1.2
0.54%
28.7
MM-17
119
-70.5
160.1 m
4.6
18.3
13.7
0.05
15.9
44.2
86.9
42.7
0.03
16.8
123.5
6.1
0.04
51.0
MM-19
127
-45
98.4 m
2.4
6.0
3.6
0.45
14.3

The other hole at the Ball Park area, MM-20, was drilled approximately 150 meters to the south east of hole MM-06 to test mineralization reported by previous operators underneath the past producing Majuba Hill mine; assay results are pending.

Majuba Hill is the site of numerous past producing mines, with historic production reported of 12% Cu (Mason Valley Copper, 1918) and silver grades up to 40 oz/t Ag. Majuba Hill encompasses 2,568 acres of surface and mineral rights that includes patented lode mining claims. The property is easily accessed via 23 miles of well-maintained dirt roads leading from U.S. Interstate 80, and lies 30 miles northwest of Coeur d'Alene's Rochester silver mine, which contains a NI 43-101 compliant Measured and Indicated Resource of 263.9 million tons grading 0.46 oz/ton Ag and 0.004 oz/ton Au. (The Coeur Technical Report on the Rochester Mine is available on SEDAR). For more detailed information on the Majuba Hill copper/silver project, including maps showing the results of soil sampling and the drilling completed to date, please visit our web site at www.maxresource.com.

This news release has been reviewed by Mr. Clancy J. Wendt, P. Geo, a "qualified person" as that term is defined under National Instrument 43-101. The historic information provided has not been verified by MAX and is for reference only.

About MAX Resource Corp.

MAX Resource Corp. is a Canadian exploration company focused on gold and silver exploration in Nevada. For more information, please visit our web site at www.maxresource.com.

On behalf of the Board of Directors of
MAX Resource Corp.

"STUART ROGERS"

Stuart Rogers
President"
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Wednesday, June 01, 2011

Gold in Nevada: MAX Resources drills 9.6 metres of 1.04 g/t Au at Table Top in Nevada, extends strike of mineralization by 244 metres mxr.v, ilc.v, tnr.v, lmr.v, rm.v, alk.ax, ura.v, abn.v, nup.ax, srz.ax, usa.ax, cgp.v, laq.v, bvg.c, bva.v, tnr.v, ng.to, grc.to, amm.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, ngq.to, btt.v, alk.ax, nem, fcx, bvn, auy, abx,



"Totally lost and forgotten", this how we started a lot of the most impressive items in our junior mining collection. This company can provide a very interesting opportunity for the Summer entry now. Max Resources has gotten another hair cut after the Japan Nuclear disaster and now its perceived value is based only on totally illiquid market. Any positive development on one of its properties could become the catalyst to revisit the recent highs.

"We have the weekly chart of Canadian Venture Sector. It is not only junior mining companies, but it provides a very good picture of the Risk players in the Canadian market. We have a very promising development here. Index has bounced from the MA50 support trend line and we have a strong reversal candle. Once the US Dollar confirms reversal from recent rally and Gold will move up - junior miners will follow with fireworks from the recent oversold positions."






Tue May 31, 2011


Max Resource Corp. (TSX.V: MXR; OTCBB: MXROF; Frankfurt: M1D) has received the results from the April drill program at its wholly-owned Table Top gold project in Humboldt County, Nevada. A total of six holes (497 meters) were drilled at Table Top, with all holes intersecting gold mineralization in excess of 100 ppb Au Highlights included drill hole MT-18, which intersected 9.6 m of 1.04 g/t Au starting at a down hole depth of 42.7 m. Holes MT-16, 17 and 18 intersected multiple intervals of gold mineralization exceeding 100 ppb. These latter results indicate that gold mineralization is not confined to a single zone; MT-17 had four mineralized zones. Mineralization has now been identified over a 500 meter strike length and is still open in both directions. The only drill holes that missed the mineralized zone were found to have been drilled over the top of the system. MAX now has a better understanding of the trend of the mineralization and will continue exploration at Table Top following the completion of upcoming drill programs planned for its Majuba Hill and Diamond Peak properties this summer.

MAX drilled 5 holes to the northeast of the mineralized structure intersected during drilling in 2010 to test its extension and confirmed that the mineralized zone extends at least another 89.9 m northeast of previous drilling. Drilling intersected the previously identified mineralized structures in four of five drill holes, with thicknesses comparable to what was earlier recognized. The sixth hole was drilled 155.1 m southwest of last year's drilling to follow-up on 1+ g/t Au surface samples

Summary of gold intercepts in drill holes MT-16 through MT-21 (cutoff at 0.1 g/t).

Hole Angle From (m) To (m) Thickness
(m) Grade (Au
g/t)

MT-16 -44 19.81 21.34 1.53 0.22
MT-17 -45 27.43 28.96 1.53 0.14
MT-17 -45 32.16 33.07 0.91 0.19
MT-17 -45 33.07 35.66 2.59 0.80
MT-17 -45 35.66 38.10 2.44 0.18
MT-17 -45 39.62 41.15 1.53 0.18
MT-17 -45 42.67 43.95 1.28 0.26
MT-18 -70 38.10 39.62 1.52 0.13
MT-18 -70 42.67 52.27 9.60 1.04
MT-19 -58 67.06 68.12 1.06 0.29
MT-19 -58 109.73 111.25 1.52 1.48
MT-20 -45 23.20 24.38 1.18 0.23
MT-20 -45 46.82 49.99 3.17 0.83
MT-20 -45 82.51 83.82 1.31 0.10
MT-21 -45 33.22 38.10 4.88 0.42


This current drill program confirms that previous interpretations are still valid regarding the occurrence of gold mineralization at Table Top. Gold mineralization continues both northeast and southwest of the previous drilling and remains roughly the same in grade and tenor. One of the best intersects thus far was found in hole MT-18, with 1.3 m grading 2.33 g/t at 44.20 meters down hole. It appears that grades, if not the thickness of mineralized zones, increase with depth.

MAX is currently reviewing the 2010 and 2011 exploration data along with data from prior operators with a view to better understanding the mineralized system at Table Top prior to further drilling. A viable target still exists along strike to the northeast and southwest and down dip where the vertically standing outcrops bend, creating a zone of structural preparation. Further drilling is planned to the northeast towards where Goldfields reported values to 15 g/t gold from outcrops sampled in the 80's on adjacent land.

Analysis was performed by Inspectorate American Corp. Laboratories, an ISO certified facility in Reno, Nevada, using fire assay and multi-element (ICP-ES) techniques producing assays for a 14 element suite of minerals. Standards and duplicates were used for quality control of the samples. After the core is logged for each drill hole, the location of each site is located using a GPS in UTM coordinates using NAD 27 datum. The core is then split and put into a sample bag which is labeled for each interval and a sample card tag put in each sample bag and taken from the core facility to the Inspectorate Laboratories. A map showing the location of the drill holes completed at Table Top is now available on our web site at www.maxresource.com.

Table Top is located along the Kings River Rift, a regional geologic feature that appears to control mineralization in the area and which hosts multiple high-grade vein-related gold systems. Along this trend is AMAX's Sleeper Canyon Mine (2.5 MM oz Au produced), located 25 miles to the north, the Goldbanks gold occurrence located 37 miles to the south, and the Sandman gold deposits, now owned by Newmont, immediately to the north.

This news release has been reviewed by Mr. Clancy J. Wendt, P. Geo, a "qualified person" as that term is defined under National Instrument 43-101. The historic information provided has not been verified by MAX and is for reference only.


MAX Resource Corp. is a Canadian exploration company with a diversified portfolio of mineral exploration projects in the Western United States. We are currently focused on precious metals in Nevada, where four gold and silver properties are being actively explored in 2011. For more information, please visit our web site at www.maxresource.com.

On behalf of the Board of Directors of
MAX Resource Corp.

"STUART ROGERS"

Stuart Rogers

President"
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Friday, March 04, 2011

Gold and Uranium: MAX acquires interest in Majuba Hill Copper/Gold/Silver Property in Nevada; exploration to focus on high-grade silver and copper potential max.v, tnr.v, cgp.v, laq.v, bvg.c, bva.v, grc.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, btt.v, alk.ax, slw, epz.v, abn.v, ura.v, nem, fcx, bvn, auy, abx,

  

  Max Resources was a high flyer during the last Uranium boom and than crashed into the ground. Company has managed to preserve its portfolio and even extend it. Company has a healthy working capital and now acquires another interesting property in Nevada. We can be witnessing another turn around situation in the junior mining sector. With Uranium coming back into the Energy play it could be another candidate to accumulate.



2011-03-04 16:16 ET - News Release
Mr. Stuart Rogers reports
MAX ACQUIRES INTEREST IN MAJUBA HILL COPPER/GOLD/SILVER PROPERTY IN NEVADA; EXPLORATION TO FOCUS ON HIGH-GRADE SILVER AND COPPER POTENTIAL

Max Resource Corp. has entered into an option agreement to acquire up to a 75-per-cent interest in the Majuba Hill copper/gold/silver property in Pershing county, Nevada, from Claremont Nevada Mines LLC of Nevada. The Majuba Hill Project encompasses 2,313 acres of surface and mineral rights consisting of patented lode mining claims, unpatented lode mining claims, and private mineral rights.
Majuba Hill is a large, highly prospective, multi-mineral, intrusive-type system within the Western Nevada Gold Belt and is located approximately halfway between the Florida Canyon Mine (Jipangju) and the Hycroft Mine (Allied Nevada Corporation). The project is 28 miles northwest of Midway Gold Corporations Spring Valley Project. Access is good via 23 miles of dirt roads maintained by Pershing County leading from U.S. Interstate 80.
MAX believes that Majuba Hill is a newly defined copper/silver porphyry system that is highly prospective for the discovery of economic mineralization. We have developed a new exploration model designed to expand and define the current zones of copper/silver mineralization as well as explore new areas of the property where significant gold values have been reported but not been followed up. Initial exploration at Majuba Hill will include follow-up on rock chip samples reported by previous operators with values up to 10 g/t Au, 981 g/t Ag and 7.7% Cu as wellas soil anomalies with silver values up to 7.7 g/t Ag and copper values up to 290 g/t Cu. In addition, drill intercepts as high as 5.1 ounces per ton (opt) Ag over 15 feet were reported from drilling conducted in 2007, as summarized in the table below.
Exploration and historic production data available on Majuba Hill outline excellent potential for the discovery of new economic zones of silver/copper and gold mineralization. Production reported from historic underground mines in the project area (see Nevada Bureau of Mines and Geology Bulletin 86) included:
184,000 ounces of silver

5,800 ounces of gold

2.8 million lbs of copper
GEOLOGY OF MAJUBA HILL
The Majuba Hill property is centered on the mid-Tertiary age Majuba Hill intrusive complex which is about 4,700 feet in diameter. The lithologic assemblage is a cross-cutting series of intrusives ranging from rhyolite to latite with multiple stages of flow-banded units, intrusive breccias, and radial dikes. These are all emplaced into steeply dipping, northeast striking Triassic argillite.
Breccia textures are very diverse and typically include tourmaline as:
Breccia matrix

Cross-cutting veinlets

Disseminated tourmaline in the mineralized areas
Highlights of reverse-circulation drilling reported by Minterra Resource Corp. in 2007-8 included:
MH Hole #   Total Depth (ft) Interval        Copper  %        Silver  (opt)
                                                                           
MH-2        160-390          230 ft          0.37% Cu         0.426 opt    
Including   295-320          25 ft           1.36% Cu         
Including   340-350          10 ft                            3.50 opt     
                                                                           
MH-3        220-355          135 ft                           0.58 opt     
Including   220-290          70 ft           0.59% Cu         
                                                                           
MH-4        310-340          30 ft                            1.12 opt     
Including   335-340          5 ft                             2.90 opt     
                                                              
MH-5        0-290            290 ft          0.28% Cu         
Including   0-15             15 ft           1.18 % Cu        
including   0-100            100 ft                           0.99 opt     
Including   5-20             15 ft                            4.00 opt     
                                                                           
MH-6        0-145             145 ft         0.49% Cu         1.85 opt     
Including   110-125          15 ft                            5.10 opt     
                                                                           
MH-7        85-400           315 ft          0.34% Cu         0.70 opt     
Including   225-245          20 ft                            2.09 opt     
Stuart Rogers, President of MAX states "We have reviewed the historic data available on Majuba Hill and are excited about the silver and gold exploration potential on this property, where previous exploration was focused on copper and the high silver values were of little interest due to low silver prices at the time. In fact, all but one of the silver drill intercepts listed above were even announced by Minterra when originally recovered in 2007. With silver today trading above US$35 per ounce, historic drill intercepts such as 145 ft of 1.85 opt Ag and 0.49% Cu as well as unexplored soil anomalies with values up to 7.7 g/t Ag are extremely encouraging. We have already identified drill targets on patented land at Majuba Hill and plan to drill four core holes there immediately after completion of drilling at our Table Top gold project, only 44 miles to the northeast."
The terms of the Option Agreement with Claremont allow MAX to earn an initial 60% interest in the property over six years by spending US$6.5 Million on exploration of the property. MAX can increase its interest in the property to 75% by spending a further $3.5 Million on exploration over a subsequent two year period. The Majuba Hill property will be subject to a 3% NSR payable to the vendor, 1.5% of which may be purchased at any time for US$1.5 Million. This agreement is subject to acceptance for filing by the TSX Venture Exchange.
This news release has been reviewed by Clancy J. Wendt, P. Geo, a qualified person as that term is defined under National Instrument 43-101. Any historic information provided has not been verified by MAX and is for reference only.
We seek Safe Harbor."

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Thursday, March 03, 2011

Rare Earths, Lithium, Gold and Uranium: Aben Resources names Netolitzky as chairman, director abn.v, tnr.v, czx.v, lmr.v, abn.v, rm.v, cgp.v, alk.ax, ng.to, abx, ree, avl.to, mcp, gwg.v, rm.v, clq.v, wlc.v, li.v, ggg.ax, ruu.v, pl.v, mdl.v, efg.v



  Go where the smart money goes or smart people or both - like in case with Aben Resources, former Consolidated Abaddon Resources. Company is reinventing itself and such heavy hitter as Ronald Netolitzky will not put his reputation on a line for a quick pump and dump. Rare Earths and Gold juniors were on fire last year, so we are going whether the value is and it is not realised by the market yet - the right people are the first sign of it.


"What is the common sense in the so different investment situations: when Erick Sprott  buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in the investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money."

"Aben Resources (formerly Consolidated Abaddon Resources) is a Canadian gold, silver, rare earth and uranium exploration company developing properties in the Yukon, northern Ontario and northern Saskatchewan.

The Company has acquired from Eagle Plains Resources (TSX.V: EPL) a 100% interest in two gold exploration properties known as the Justin (Sprogge) and Hit projects, covering approximately 459 hectares, located in the eastern Yukon Territory. The drill-ready Justin property has the potential to host both high-grade and bulk-tonnage gold mineralization. Historical grab samples from the property reported up to 59.25 g/t Au, in addition to historical chip samples returning an average of 2.38 g/t Au over 22.5 metres.

Aben has also acquired a 100% interest in the Rusty Springs silver-lead-zinc property, located north of Dawson City, Yukon, where notable drill results include 1,140 g/t (33.27 oz/t) silver, 4.72% lead and 2.30% copper over 37.5 metres (123 feet) from surface. Furthermore, the Company has attained an extensive proprietary database for the Yukon as well as the right to certain prospecting permits in the Mackenzie Mountain area of the Northwest Territories.

Aben owns the 560 acre Raleigh Lake Lithium property located in the Kenora Mining Division of NW Ontario. Provincial government mapping in the 1990's identified a "Pegmatite Field" trending through the area and in 1999 and 2000, Avalon Ventures Ltd. released drill results including 1.50% Li over 6.9 metres, 1.00% Li over 4.1 metres, and 0.56% Li over 3.2 metres. Aben completed a winter drill program in 2010 on the Raleigh Lake property. The Company was very pleased with the drilling and significant results included 9.0 metres of 1.30% Li, 4.7 metres of 0.84% Li, 2.2 metres of 1.10% Li, and 5.5 metres of 0.77% Li.

The Selwyn Lake rare earth elements property is located in the Selwyn Lake Township of, NW Ontario. The property includes 13 claim blocks covering 1219 hectares covering the anomaly. The property is accessible by road and lies 4 kilometres from a railroad. The Selwyn Lake anomaly is similar in size and element association to the lake sediment anomaly at Strange Lake (REE) Rare Earth Element project of Quest Uranium in Labrador. The area has potential for rare earth or molybdenum pegmatites or Olympic Dam style mineralization

The uranium (U3O8) deposits of Saskatchewan, Canada are arguably the richest in the world. Aben has interest in approx. 160 square kilometres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan.

Aben's Mann Lake Uranium property is located approx. 25 km to the SSW of Cameco Corporation's high-grade McArthur River Uranium Mine and 15 km to the NE of Cameco's Millennium U3O8 discovery in the Athabasca Basin. Canterra Minerals Corp. has earned a 60% interest in the Mann Lake uranium property.

The Company's Huard - Kirsch Lakes Uranium property is situated approx. 20 km to the NW of Cameco's McArthur River Uranium Mine in the Athabasca Basin. Denison Mines Corp. has earned a 51% interest in the Huard - Kirsch Lakes uranium property."




2011-03-03 09:24 ET - News Release


Mr. James Pettit reports

ABEN APPOINTS NEW MEMBERS TO ITS BOARD OF DIRECTORS

Aben Resources Ltd. (formerly Consolidated Abaddon Resources Inc.) has appointed Ronald Netolitzky as chairman and a director of the company. The company has also appointed Timothy Termuende, PGeo, to its board of directors.

Mr. Netolitzky holds a bachelor of science degree from the University of Alberta and an MSc degree from the University of Calgary, both in geological sciences. He has extensive exploration and mine development experience and is an officer and director of a number of public mining companies currently involved in mineral exploration throughout the world. He was previously chairman and president of Viceroy Resource Corp., which achieved exploration success with its Gualcaymayo gold project in Argentina resulting in the sale of the company to Yamana Gold in 2006. Mr. Netolitzky was also chairman of Brett Resources Inc., which was acquired by Osisko Mining Corp. in the spring of 2010.

Mr. Netolitzky has been directly involved in the mineral exploration industry in Western Canada since 1964. His knowledge of mineral exploration and aggressive business acumen resulted in exploration success on three Western Canadian gold and silver projects (all of which became producing mines), the Eskay Creek and Snip deposits in British Columbia and the Brewery Creek deposit in the Yukon. He was honoured with the Bill Dennis Prospector of the Year Award in 1990 by the Prospectors and Developers Association of Canada.

Mr. Termuende is a professional geologist with over 30 years experience in the mineral exploration industry. He is currently the president and chief executive officer of Eagle Plains Resources Ltd. and Copper Canyon Resources Ltd. in addition to serving as director of a number of other public companies. Since earning his degree in geological sciences at the University of British Columbia in 1987, Mr. Termuende has worked on exploration projects throughout North, Central and South America, and has inspected mineral deposits in the former Soviet Union. Mr. Termuende has been continuously active in mineral exploration throughout Western Canada since 1976 and currently oversees a broad range of continuing exploration projects located throughout British Columbia, Saskatchewan, the Yukon and the Northwest Territories.

Aben also announces the resignation of Donald Myers from its board of directors. "We would like to thank Mr. Myers for his years of service to Aben's shareholders," stated Jim Pettit, president.

Aben announces flow-through and non-flow-through private placements

Aben Resources has arranged a non-brokered private placement of up to six million flow-though units at a price of 25 cents per unit to raise gross proceeds of up to $1.5-million. Each flow-through unit consists of one flow-through common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one flow-through common share at a price of 55 cents for a period of three years from the date of issuance.

The company also announces a non-brokered private placement of up to 14.5 million non-flow-though units at a price of 20 cents per non-flow-through unit to raise gross proceeds of up to $2.9-million. Each non-flow-through unit consists of one non-flow-through common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one non-flow-through common share at a price of 35 cents per non-flow-through common share for a period of three years from the date of issuance with a forced exercise provision attached to each warrant commencing on the day following the expiry of any applicable hold period on the underlying non-flow-through common shares, stating that if for 10 consecutive trading days the closing price of the listed shares of the company exceeds 50 cents, then the exercise period of the warrants will be reduced to a period of 10 days following such trading days.

The company will pay a 7-per-cent finder's fee payable in units and 7 per cent in B units, in connection with part of this private placement offering.

Aben intends to utilize the proceeds of this private placement toward the exploration and advancement of the company's mineral properties in the Yukon and NWT.

Incentive stock options granted

The company also announces that, pursuant to its stock option plan, it has granted incentive stock options to certain of its directors, officers, consultants and management company employees to purchase up to a total of 3,202,397 common shares in the capital stock of the company, exercisable for a period of five years, at a price of 23 cents per share. The company's 10-per-cent rolling stock option plan was approved by the shareholders at the annual general meeting of the company held on Feb. 23, 2011. Any shares to be issued upon exercise of the stock options will be subject to a hold period and shall not trade before July 2, 2011.
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Tuesday, December 28, 2010

Scientific American: How Much Is Left? The Limits of Earth's Resources tnr.v, czx.v, rm.v, lmr.v, alk.ax, sqm, fmc, clq.v, wlc.v, tsla, li.v, lit, nsany, rno.pa, bmw, f, gm, avl.to, ree, res.v, quc.v, dai, byddf



 This presentation shows the basis for our investment trends analyses, which we have provided a few weeks ago. In short, you can always print any FIAT currency, including US Dollar, but you can not print Oil or   Copper.






The art of modern economics turns into the pure magic now: how to make it enough for everybody, when there is not enough left.


We are hitting Peak of Everything.



  It is time for a reflection point today: we will post some charts, some quotes from our previous articles and you can draw your own conclusions as usual.

  The basis for our weekend university will be our article from September 6th, 2010.

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Friday, December 10, 2010

Peak Oil: U.S. Secretary of Energy Steven Chu: The Energy Race - a New "Sputnik Moment" tnr.v, czx.v, alk.ax, lmr.v, tsla, rm.v, nup.ax, srz.ax, usa.ax, jnn.v, sqm, fmc, roc, li.v, wlc.v, clq.v, lit, nsany, byddf, gm, dai, rno.pa, hev, aone, vlnc


  For our investment thesis and Next Big Thing it is the very important speech and comparing Peak Oil situation and Energy Security to "Sputnik Moment" by Steven Chu is very timely. We are advocating here for the state-level comprehensive plan to save America, like it is implemented now in China. Just listen to the US Secretary of Energy describing what China is doing now and how far it has surpassed U.S. already!
  We all need to waken up as with Russian Sputnik flying above us and implement complex electrification of our transportation with the same devotion and allocation of necessary resources as "Manhattan project" was done. This time it can save the world as we know it.
  Watch the second video from Cancun below, where Steven Chu talks about Oil as per IEA groundbreaking revelations about Peak Oil:  "Oil prices will be higher from now on."


"This year we have a staggering number of reports and warning on the looming Peak Oil situation. It takes time for reality to settle in, particularly, when nobody knows what to do with it. We have put REE in the headline and only few months ago we would have to explain, what is it all about - now suddenly everybody is talking about REE and stocks involved in Rare Earths are all making new highs. It takes a crisis for us to realise that fundamentals are driving the real trends. Sudden realisation that China controls more than 90% of REE market and their reserves maybe will last only for another twenty years, created the catalyst in the market place. What will it take to realise that we are running out of cheap oil? Another crisis?
  We are talking here about the powerful mega trend Inflation multiplied by Peak Oil situation - we have to move and readjust our society. Our Energy diet is not sustainable any more. We are lucky in a sense that there is technology available to us to survive the Oil Shock if we will all move fast - Electric Cars. It is our Next Big Thing and at the heart of this disruptive technology lie strategic commodities: REE and Lithium."


  The sector is very small - now is the time to find and pick up value among the hype, backed by strong  shareholders and based on solid portfolio of Lithium and REE properties. Headlines from China, Jim Puplava and James Dines are moving REE into the mainstream in the investment space now and Lithium will get its recognition one day as well. Only few companies left without strategic investors in the sector, when even only this catalyst can bring the transformation to the junior from a holding company into actively pushing into production developer. It will bring multiples to the dormant valuation.

  We will provide some links for the further homework here:










  Our Top Picks from Lithium Bull: Rest Before The Charge have already enjoyed a very active M&A season, out of the two - Rodinia Lithium has already secured strategic investor and only International Lithium left for dating now. Among the strategic suitors are the same faces - people with money vs others with debt."

 Here are another groundbreaking revelations about Peak Oil and Climate Change now from U.S. Secretary of Energy!

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