TNR Gold TNR.v - Suramina Resources SAX.to merges with Canadian Gold Hunters CGH.to. TNR.v, SAX.to, CGH.to, CDNX

Suramina Resources SAX.to is an operator on a number of TNR Gold TNR.v properties. Lukas Lundin is basically consolidating his exploration plays buying out Suramina Resources. TNR Gold is involved in Los Azules and Minera Andes MAI.to story takeover fight, this M&A activity is warming up the Junior market and the Argentinean plays recently. Stocks are oversold and recent prices do not reflect their value, it is very important to see that Industry players are trying to crab the cake now, confirming our observations. Combined company will have cash for Exploration, advanced exploration properties and one of the best team in the industry. Time is to buy assets: who will be next on the plate? We need some Chinese flavour to these party, so real value will be coming back into reflection in market prices of all involved Juniors.

Canadian Gold Hunter and Suramina Resources Inc. Enter Into Arrangement Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") and Suramina Resources Inc. (TSX:SAX - News; "Suramina") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") to effect a business combination between the two companies pursuant to a plan of arrangement under the Canada Business Corporations Act.
Pursuant to the Arrangement Agreement, Canadian Gold Hunter will acquire all of the issued and outstanding shares of Suramina on the basis of 0.7541 shares of Canadian Gold Hunter for each one Suramina share (the "Exchange Ratio"). All outstanding Suramina options will be exchanged for replacement options of Canadian Gold Hunter, the number and exercise price of which will be determined using the Exchange Ratio. The transaction values the Suramina shares at $0.1975, representing a 12.7% premium to the 20 day volume weighted average closing price of Suramina. Upon completion of the transaction, Suramina will be a wholly-owned subsidiary of Canadian Gold Hunter and it is estimated that Canadian Gold Hunter will have 110,335,992 shares outstanding. Former shareholders of Suramina will hold approximately 47.3% of the outstanding shares of Canadian Gold Hunter. The transaction is expected to close in mid-April 2009.
Full details of the transaction, including the terms of the Arrangement Agreement, will be included in a joint information management circular which is expected to be mailed to shareholders of Canadian Gold Hunter and to shareholders of Suramina on or about March 18, 2009. Both companies plan to hold a special meeting of shareholders to approve the transaction and related matters on or about April 14, 2009. The transaction is subject to all requisite regulatory and court approvals as well as shareholder approval of the transaction by at least 66 2/3% of the votes cast by the Suramina shareholders and shareholder approval of the Canadian Gold Hunter share issuance in connection with the transaction by not less than a majority of the votes cast by the Canadian Gold Hunter shareholders, in both cases, present in person or represented by proxy at the meetings.
The transaction has been approved by the board of directors of both Canadian Gold Hunter and Suramina (with interested directors abstaining) following the unanimous recommendation of a special committee comprising independent Canadian Gold Hunter directors for Canadian Gold Hunter and independent Suramina directors for Suramina. The board of directors of both companies recommends that their respective shareholders vote in favour of the transaction.
Benefits of the Business Combination
- Suramina brings to the transaction a large, diversified copper/gold exploration portfolio in South America. Projects range from grass roots to advanced resource definition stage, including the Josemaria copper/gold porphyry project with a 43-101 inferred resource of 460 million tonnes grading 0.39% copper and 0.30 g/t gold at a 0.3% TCu cut-off, containing 3.9 billion pounds of copper and 4.4 million ounces of gold. (Please see news release dated December 5, 2007 for complete information). Suramina's local exploration team has a strong track record of success including the discovery of the Veladero gold deposit, now owned by Barrick Gold, as well as the initial recognition and development of the Bajo de la Alumbrera gold mine, now owned by Goldcorp., Xstrata and Yamana.
- Canadian Gold Hunter brings to the transaction a major new gold/copper exploration project in Mexico as well as a strong portfolio of copper/gold exploration projects in Canada, including the GJ/Kinaskan project with a 43-101 measured and indicated resource of 153.3 million tonnes grading 0.321% copper and 0.369 g/t gold, containing 1.09 billion pounds of copper and 1.82 million ounces of gold (cut-off grade of 0.20% copper). (Please see news release dated October 7, 2008 for complete information). Canadian Gold Hunter's exploration team has, combined, over 70 years of international exploration and development experience.
- In the short term, capital market conditions favour stronger, larger, diversified exploration vehicles. The combined entity will be financed, debt-free, and an active exploration company. As well, the transaction will introduce significant cost efficiencies through reduction of total G&A and other head office costs.
- In the long term, the combined entity will be extremely well-positioned for the anticipated commodity markets recovery with a diversified roster of gold/copper projects in various stages of advancement. The combined exploration expertise of both companies will ensure best possible shareholder value.
In connection with the proposed business combination, Haywood Securities Inc. provided a fairness opinion to the special committee of the board of directors of Canadian Gold Hunter and Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the board of directors of Suramina. Legal advice to the special committee of the board of directors of Canadian Gold Hunter was provided by DuMoulin Black LLP. Legal advice to the special committee of the board of directors of Suramina was provided by McCullough, O'Connor Irwin LLP, and Cassels Brock & Blackwell LLP acted as corporate counsel on the transaction.
ON BEHALF OF THE BOARD OF CANADIAN GOLD HUNTER
Richard J. Bailes, President
ON BEHALF OF THE BOARD OF SURAMINA
J. Patricio Jones, President

Lukas Lundin Global exploration play: Canadian Gold Hunter to buy Sanu Resources. CGH.to, SNU.v, LUN.to, TNR.v, MAI.v, HUI, XAU, CDNX

Follow the money: we always add - Smart Money. Lukas Lundin is building his global Exploration Play. We have our Junior Mining Economics in action. We have wrote before about our expectations of Sanu Resources SNU.v to be taken out by Canadian Gold Hunters CGH.to - our list of Juniors Top Picks 2009 is getting smaller! It is time to buy assets at still distressed valuations, later with Gold over 1000 USD/oz, Silver above 15 USD/oz and Copper solidly above USD 2.0/lb will be the time to strike J/V deals and sell in the Seller's market, when everybody will be thinking: how on earth we can get this kind of valuations before. But it is the future and it is not for certain - that is why Lukas Lundin is buying again at cents per dollar in our second chance of Junior Mining Investment cycle. We follow his touch and legacy. Our other juniors from the Top Picks 2009 are in the game with bold moves into Gold, Lithium and REE.

Lukas H. Lundin
"Chairman
Born in 1958, Lukas Lundin was raised in Stockholm, Sweden and educated at the Ecole Internationale de Genève in Switzerland. In 1981, Mr. Lundin graduated from the New Mexico Institute of Mining and Technology (engineering).At age 25 Mr. Lundin headed International Petroleum Corporation's extensive and rapidly growing international operations and was based in the Company's technical office in Dubai, U.A.E. for over 12 years. From 1990 to June 1995, Mr. Lundin was President of International Musto Exploration Limited and was responsible for Musto's acquisition of the Bajo de la Alumbrera deposit. Bajo de la Alumbrera was the subject of a $500 million takeover by Rio Algom and North Limited and is now one of the largest gold/copper producers in the world. Mr. Lundin was also responsible for Argentina Gold and the discovery of the multi-million ounce Veladero gold deposit. Veladero was the subject of a $300 million takeover by Homestake in 1999. In addition, Mr. Lundin was a senior Director of Lundin Oil AB and was instrumental in the $480 million takeover of Lundin Oil by Talisman Energy in 2001. Mr. Lundin is currently a Director of a number of publicly traded resource companies. Mr. Lundin has been a director of Canadian Gold Hunter since June 1995.A world traveler and motorcycle racing enthusiast, Mr. Lundin has twice completed the grueling 10,000 kilometre Dakar race across the Sahara Desert. He has climbed Mount Kilimanjaro, Mont Blanc and the Matterhorn. In the winter, he can be found helicopter skiing in Whistler and in summer, dirt bike racing with his four boys in Baja, California and has been a director of Canadian Gold Hunter since June 1995 and is now Chairman of the Board."

"Reuters: Says Sanu to operate as its subsidiary

* Sanu shares up 21 percent

July 2 (Reuters) - Gold miner Canadian Gold Hunter Corp (CGH.TO) said it agreed to acquire Sanu Resources Ltd (SNU.V) in an all-stock deal to expand its gold and base metal exploration and production activities to Africa.
Canadian Gold Hunter said it will issue 0.5725 of its shares for each Sanu share. Based on Canadian Gold Hunter's prior closing price of 36.5 Canadian cents, the deal values Sanu at about 21 Canadian cents a share, a premium of 27 percent to its previous close.
Shares of Sanu rose 21 percent to 20 Canadian cents Thursday morning on the Toronto Venture Exchange. Canadian Gold Hunter shares were down 4 percent on the Toronto Stock Exchange.
Sanu will be a wholly owned subsidiary of Canadian Gold Hunter after the deal closes, which is expected to occur by the end of August.
Former shareholders of Sanu will hold about 17.8 percent of Canadian Gold Hunter following the deal.
Canadian Gold Hunter, which has projects in Canada, Mexico and South America, said Sanu has projects in African nations like Eritrea, Republic of Congo and Burkina Faso.
For the alerts, please double click [ID:nWNAB4038] (Reporting by Arup Roychoudhury in Bangalore; Editing by Deepak Kannan)"

Canadian Gold Hunter and Sanu Resources Ltd. Enter Into Arrangement Agreement

Press Release
Source: Canadian Gold Hunter Corp., Sanu Resources Ltd.
On Thursday July 2, 2009, 8:48 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") and Sanu Resources Ltd. (TSX VENTURE:SNU - News; "Sanu") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") to effect a business combination between the two companies pursuant to a plan of arrangement under the Canada Business Corporations Act.
Pursuant to the Arrangement Agreement, Canadian Gold Hunter will acquire all of the issued and outstanding shares of Sanu on the basis of 0.5725 shares of Canadian Gold Hunter for each one Sanu share (the "Exchange Ratio"). All outstanding Sanu options will be exchanged for replacement options of Canadian Gold Hunter, the number and exercise price of which will be determined using the Exchange Ratio. The transaction values the Sanu shares at $0.233 per share, representing a 25% premium to the 20 day volume weighted average closing price of Sanu. Upon completion of the transaction, Sanu will be a wholly-owned subsidiary of Canadian Gold Hunter and it is estimated that Canadian Gold Hunter will have 134,161,066 shares outstanding. Former shareholders of Sanu will hold approximately 17.8% of the outstanding shares of Canadian Gold Hunter. The transaction is expected to close by the end of August, 2009.
Full details of the transaction, including the terms of the Arrangement Agreement, will be included in a management information circular which is expected to be mailed to shareholders of Sanu on or about July 22, 2009. Sanu plans to hold a special meeting of shareholders to approve the transaction and related matters on or about August 17, 2009. The transaction is subject to all requisite regulatory and court approvals as well as shareholder approval of the transaction by at least 66 2/3% of the votes cast by Sanu shareholders present in person or represented by proxy at the meeting.
The transaction has been approved by the board of directors of Sanu (with interested directors abstaining) following the unanimous recommendation of a special committee comprising Sanu's independent directors. The board of directors of Sanu recommends that their shareholders vote in favour of the transaction.
Benefits of the Business Combination
- Sanu brings to the transaction a strong portfolio of gold and base metal exploration projects in Africa. Sanu's most advanced project is the Hambok deposit in Eritrea with an NI 43-101 indicated resource (at a 0.75% zinc cutoff) of 10.7 million tonnes grading 0.98% copper, 2.25% zinc, 6.84 g/t silver, 0.20 g/t gold containing 231.1 million pounds of copper, 530.7 million pound of zinc, 2.3 million ounces of sliver, 68.8 thousand ounces of gold. There is an additional inferred resource (at a 0.75% zinc cutoff) of 17.0 million tonnes of 0.85% copper, 1.74% zinc, 5.89 g/t silver, 0.19 g/t gold containing, 318.5 million pounds of copper, 652.1 million pounds of zinc, 3.2 million ounces of sliver, and 103.8 thousand ounces of gold. Please see the NI 43-101 Technical Report on the Hambok Deposit, dated January 23, 2009 and filed at www.sedar.com for details. Hambok is located 15 kilometres from the Bisha deposit being developed by Nevsun Resources and the Eritrean Government. Additional projects include carbonate-hosted copper/lead/zinc exploration in the Republic of Congo; greenstone-hosted gold exploration in Burkina Faso; as well as volcanogenic massive sulphide copper/zinc exploration in Eritrea.
- Canadian Gold Hunter holds a large, diversified portfolio of exploration projects in Canada, Mexico, Argentina, Chile, Colombia and Peru. Projects range from grass roots to advanced resource definition stage, including the Josemaria copper/gold porphyry project with a 43-101 inferred resource of 460 million tonnes grading 0.39% copper and 0.30 g/t gold at a 0.3% TCu cut-off, containing 3.9 billion pounds of copper and 4.4 million ounces of gold. (Please see news release dated December 5, 2007 for complete information). Canadian Gold Hunter's local South American exploration team has a strong track record of success including the discovery of the Veladero gold deposit, now owned by Barrick Gold, as well as the initial recognition and development of the Bajo de la Alumbrera gold mine, now owned by Gold Corp., Xstrata and Yamana.
- Combining the two companies will create one of the strongest exploration vehicles in the industry; worldwide exploration with the backing of the Lundin Group.
In connection with the proposed business combination, Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the board of directors of Sanu.
ON BEHALF OF THE BOARD OF CANADIAN GOLD HUNTER
Lukas H. Lundin, Chairman
ON BEHALF OF THE BOARD OF SANU RESOURCES LTD.
Paul Conibear, Chairman"

Canadian Gold Hunter and Suramina Shareholders Approve Business Combination. CGH.to, SAX.to, TNR.v

Lukas Lundin is putting together Exploration Play in Gold, Silver and Copper in Americas.

Friday April 17, 2009, 4:30 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 17, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") and Suramina Resources Inc. (TSX:SAX - News; "Suramina") are pleased to report that the previously announced business combination pursuant to a plan of arrangement under the Canada Business Corporations Act has been approved by shareholders of both companies at shareholders' meetings held in Vancouver on April 15, 2009. The share issuance in connection with the arrangement was approved by 99.5% of the votes cast by Canadian Gold Hunter shareholders who were entitled to vote on the resolution and the arrangement was approved by 99.99% of the votes cast by Suramina shareholders.
Both companies have received all requisite regulatory approvals. The Ontario Superior Court of Justice (Commercial List) has issued its final order approving the plan of arrangement.
Pursuant to the arrangement, Canadian Gold Hunter will acquire all of the issued and outstanding shares of Suramina on the basis of 0.7541 shares of Canadian Gold Hunter for each one Suramina share. Suramina is now a wholly-owned subsidiary of Canadian Gold Hunter. Suramina's common shares are expected to be delisted from the Toronto Stock Exchange effective as of the close of business on April 21, 2009.
Lukas Lundin, Chairman of Canadian Gold Hunter, commented, "Canadian Gold Hunter is an extremely well-positioned exploration company with a diversified roster of gold/copper projects in various stages of advancement. This business combination is part of a larger strategy to build Canadian Gold Hunter into an international exploration vehicle."
In connection with the business combination, Haywood Securities Inc. provided a fairness opinion to the special committee of the board of directors of Canadian Gold Hunter and Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the board of directors of Suramina. Legal advice to the special committee of the board of directors of Canadian Gold Hunter was provided by DuMoulin Black LLP. Legal advice to the special committee of the board of directors of Suramina was provided by McCullough, O'Connor Irwin LLP, and Cassels Brock & Blackwell LLP acted as corporate counsel on the transaction.

Gold and Lukas Lundin with his Midas Touch: Canadian Gold Hunter Management Change. CGH.to, SAX.to, SNU.v, CZX.v, MAI.v, TNR.v

Not everything Lukas Lundin has touched turned into gold, but a lot of things did. We are very pleased to see him building a new Exploration play for Lundin Group. Power house all across commodities and continents will make it an exploration company to come to for exposure to investment niche of Junior Explorations and for Majors for deposits. Mr Wodzicki is a CEO of Sanu Resources, can we take it from this NR that Sanu Resources will merge with Canada Gold Hunters as well? Lukas has appointed impressive board, company have properties all across Americas, necessary Expertise and Cash for development. Now is time to buy in Exploration Junior sector: valuations are still reflecting fly from risk and Naked shorting at its prime, will Lukas Lundin become an M&A play and consolidate the sector and get the best properties at this level of desperation from staving Juniors? We like the idea to be invested in Cisco Systems of Exploration early in the cycle and positioning for their Targets of M&A play.

Few connected companies which could benefit from this fast development:

Sanu Resources SNU.v another Lukas exploration play in Africa. Will this one follow its CEO and be acquired as well?

TNR Gold TNR.v J/V partner of former Suramina Resources on a number of properties and active in Argentina. Los Azules is known to Lukas Lundin from Minera Andes side where he has invested last year. Recently this Junior received a nice Lithium boost.

Canada Zinc Metals CZX.v - Lundin Mining still has 10% of the company before Chinese placement closing.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") reports that effective as of April 17, 2009, Dr. Wojtek Wodzicki has joined the Board of Directors and has been appointed President and CEO of the new Canadian Gold Hunter following the business combination with Suramina Resources Inc. ("Suramina"). Dr. Wodzicki replaces Mr. Richard Bailes who has resigned as President and CEO and from the Board to pursue other endeavours.
Concurrently, Mr. Michael McInnis and Mr. Ron Netolitzsky have resigned from the Board. Three new members joining the Board, effective as of April 17, 2009, are former Suramina board members: Dr. Patricio Jones, Mr. Paul Conibear and Mr. Lee Graber.
The new Board of Directors of Canadian Gold Hunter comprises the following people:
Lukas Lundin, Chairman
Wojtek Wodzicki, President and CEO
Paul Conibear
John Craig
Lee Graber
Patricio Jones
William Rand
In addition, Mr. Jan Christoffersen has resigned as Vice President of the Company effective April 17, 2009.
Lukas Lundin, Chairman of Canadian Gold Hunter, commented, "We would like to thank Mr. Bailes for his outstanding contribution to Canadian Gold Hunter over the years. Rick has been with Canadian Gold Hunter (and its predecessors) since 1990 and under his leadership the Company has acquired and advanced a number of gold exploration projects both in Mexico and Canada. We wish him all the best in the future."
Dr. Wojtek Wodzicki has worked in the international mining industry since 1987, managing exploration programs on five continents. Prior to joining Canadian Gold Hunter he had an impressive career with Teck Cominco Ltd. that included managing exploration offices in Bolivia, Peru, Chile, and Argentina. In 2001 Dr. Wodzicki was appointed Teck Cominco's General Manager of Exploration for North America and Europe-Africa. He holds a doctorate in Geosciences from the University of Arizona. Dr. Wodzicki also currently serves as President of Sanu Resources Ltd.
Dr. Wodzicki commented, "The new Canadian Gold Hunter has a truly outstanding portfolio of projects offering diversity, flexibility and enormous exploration potential. In fact it is an exploration portfolio that would be the envy of many of the majors. My vision for Canadian Gold Hunter is to build the Company into an international, multi-commodity exploration vehicle - the premier exploration vehicle for the Lundin Group. I wish to establish a clear model for the market that this is the vehicle for top quality exploration projects for the Lundin Group with no limits on geography or commodity. Projects accumulated may be sold, joint-ventured, developed ourselves - whatever makes the best commercial sense. We have a lot of flexibility. I very much look forward to leading this exciting new venture."
Please see attached map showing Canadian Gold Hunter's portfolio of projects: http://us.lrd.yahoo.com/_ylt=Aoqltns7r2VbXeTnVzEuwomyf88A/SIG=11ncnj6r4/**http%3A//media3.marketwire.com/docs/cgh_map_0421.pdf.
On behalf of the Board
Wojtek Wodzicki, President and CEO

Lukas Lundin Global Exploration Play: Canadian Gold Hunter and Sanu Resources Business Combination Completed CGH.to, TNR.v, LUN.to, CZX.v, FST.v,

We expect Lukas Lundin to storm the junior space back with his troops. He was out of the picture for a while and put his exploration ambitions on hold consolidating Canadian Gold Hunters CGH.to, Suramina Resources and Sanu Resources. He has grown up fast first in size of the controlled assets and status of Major League by Lundin Mining and then was hit with problems followed - he was busy saving them after the crash. But now we have a few signs of his team coming back into the junior M&A market space and we would like to speculate whether it could lead to any catalyst in juniors we are following.

He has put Fortress Minerals FST.v - Gold exploration play in Russia in a good hands of J/V with Kinross Gold and Gazprom Bank on the Russian side. Kinross Gold is already mining in the Russian Far East huge Gold Kupol deposit. By way of their progress we can tell that they know how to operate in tough environment.

Lukas Lundin looks like missing from our Lithium and REE fever: we can hardly call it an "exposure" via his holdings in Canada Zinc Metals CZX.v after investing in TNR Gold TNR.v

His Atacama Minerals is a settled producer of industrial minerals and hardly can move fast in exploration as another juniors.

"3. New Energy plays are not presented in the portfolio of Lundin Group, will Lukas add to his Uranium exposure Lithium in the near future? Will he chose to go for a building the portfolio of properties himself or will buy time in the hot sector by striking deals with other Juniors? How will it play out with our Value Web interconnections in the end?"

We can see a few potential points of presence which could lead to explosive repositioning of his new Global exploration play: across continents and across commodities.

1. Canada Zinc Metals CZX.v - his Lundin Mining has a stake around 5% in the company. Now after Tongling's investment in CZX.v Chinese hold around 13%. Lundin Mining seems to be out of the picture as a minor partner, but junior holds keys to a very prospective district in Canada and we still expect M&A plays around it with rising Zinc price. Will Canada allow to slip one of the largest Zinc and Lead deposits into the Chinese hands? We hope for a nice corporate battle around this question. Now Chinese Tongling seems to be calling the shots, but they are slow in accumulating further stake according to available filing. Our point is simple - there is still a door open to get the asset at very reasonable price even paying twice the market value now. It is relevant if you are in a Zinc business and need resources and Lundin Mining is there. We expect them at least to warm up Chinese to pay a better price.

2. Should they decide to be serious about it, suddenly old investment of Lukas Lundin - TNR Gold TNR.v could come into play. It brings Lithium and REE exposure with global scale and recent announcement of TNR Gold about confirmed move into Ireland Lithium and REE exploration give us some food for thoughts with Lundin Mining active in Ireland in J/V deals with another juniors on Zinc side.

"Further Zinc-Lead-Silver mineralisation encountered by drilling and Lundin accelerates pace of earn in

"Monday, 03 August 2009 00:00
The Board of Belmore Resources, a minerals exploration company with a focus on projects in the Republic of Ireland, is pleased to announce further encouraging drill results at its Kilbricken discovery. Additionally this project is now being accelerated with Lundin Mining Exploration Limited (“Lundin”) increasing the pace of its earn in.
Lundin, which is a wholly owned subsidiary company of Lundin Mining Corporation, has now completed its initial obligated expenditure requirement of €700,000 under its joint venture option agreement with Belmore Resources signed in February 2009. Following this initialspending Lundin has decided to continue its earn-in at an accelerated pace. Lundin has a right to earn up to a 70% interest in the Prospecting Licences that Belmore currently holds in Co. Clare. To earn the 70% Lundin needs to spend up to €14.7 million over anumber of years."

We are not sure how big is the recent holding of Lukas Lundin in Minera Andes MAI.v after Robert McEwen has taken the company over, but as we mentioned before TNR Gold TNR.v with its lawsuit holds potentially keys to Majority in partnership between Robert McEwen's Minera Andes and Xstrata.

It will be interesting to see Lukas Lundin Global Exploration Play next moves: whether he will choose to grow organically with his projects or decide to stir some waters with M&A games.

Why are we paying so much attention to all these interconnections? Junior mining business is very small in money terms, but it is even smaller in number of capable people involved and to stay in the game the most important is to reduce your risks to pure geological and metallurgical uncertainties. Go where people value their reputation more then money involved: it is not the ultimate guarantee for success, but it is an insurance from disaster.

Our Value Network and Junior Mining Economics could be seen here.

"Follow the money: we always add - Smart Money. Lukas Lundin is building his global Exploration Play. We have our Junior Mining Economics in action. We have wrote before about our expectations of Sanu Resources SNU.v to be taken out by Canadian Gold Hunters CGH.to - our list of Juniors Top Picks 2009 is getting smaller! It is time to buy assets at still distressed valuations, later with Gold over 1000 USD/oz, Silver above 15 USD/oz and Copper solidly above USD 2.0/lb will be the time to strike J/V deals and sell in the Seller's market, when everybody will be thinking: how on earth we can get this kind of valuations before. But it is the future and it is not for certain - that is why Lukas Lundin is buying again at cents per dollar in our second chance of Junior Mining Investment cycle. We follow his touch and legacy. Our other juniors from the Top Picks 2009 are in the game with bold moves into Gold, Lithium and REE."

Canadian Gold Hunter and Sanu Resources Business Combination Completed

Press Release
Source: Canadian Gold Hunter Corp., Sanu Resources Ltd.
On Thursday August 20, 2009, 7:00 pm EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") and Sanu Resources Ltd. (TSX VENTURE:SNU - News; "Sanu") are pleased to report that the previously announced business combination between the two companies has closed.
Sanu shareholders approved the business combination at a special meeting held on August 17, 2009, and the transaction has received all the requisite regulatory and court approvals. Sanu is now a wholly-owned subsidiary of Canadian Gold Hunter. Sanu's common shares are expected to be delisted from the TSX Venture Exchange shortly hereafter.
Pursuant to the Arrangement Agreement, Canadian Gold Hunter acquired all of the issued and outstanding shares of Sanu on the basis of 0.5725 shares of Canadian Gold Hunter for each one Sanu share (the "Exchange Ratio"). All outstanding Sanu options and warrants have been exchanged for replacement options and replacement warrants of Canadian Gold Hunter based on the Exchange Ratio.
Dr. Wojtek Wodzicki, President and CEO of Canadian Gold Hunter, commented, "This transaction represents a pooling of the expertise of two well-regarded exploration companies and its resulting globally diversified portfolio provides a platform for entry into all major regions. The combined entity will move forward as a more powerful and relevant company with a significantly enhanced profile in the market place. We are excited about the opportunities ahead of us and look forward to much success and growth in the years to come."
In connection with the business combination, Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the Board of Directors of Sanu.
Canadian Gold Hunter is also pleased to announce the appointment of Mr. Michael Winn to the Company's Board of Directors.
Mr. Winn served as a director of Sanu from March 2004, until the closing of the Company's business combination with Sanu on August 20, 2009. Mr. Winn is currently President of Terrasearch Inc., a consulting company that provides investment analysis and financial services to companies operating in the oil & gas mining, and energy sectors. Prior to forming his company in 1997, Mr. Winn spent four years as an analyst for a Southern California based brokerage firm where he was responsible for the evaluation of emerging oil and gas and mining companies. Mr. Winn has worked in the oil and gas industry since 1983 and the mining industry since 1992, and is also a director of several companies operating in Canada, Latin America, Europe and Africa. Mr. Winn has completed graduate course work in accounting and finance and received a B.S. in geology from the University of Southern California.
Dr. Wodzicki commented, "We are very pleased to have Michael join Canadian Gold Hunter's Board. He brings a wealth of financial and industry expertise to the Board."
Brian Bayley, Richard Clark and Neil O'Brien have resigned from the Board of Directors of Sanu to adjust for Sanu's Canadian Gold Hunter subsidiary status.
About Canadian Gold Hunter
Canadian Gold Hunter Corp. is an international, multi-commodity exploration company with a large portfolio of gold/copper projects in Canada, Mexico and several countries in South America and Africa. Projects range from grass-roots to advanced resource-definition stage.
ON BEHALF OF THE BOARD
Wojtek Wodzicki, President and CEO"

Gold and Copper: Canadian Gold Hunter Corp.: Drilling at Zymo Project Significantly Expands Hobbes Copper/Gold Zone CGH.to, LUN.to, CZX.v, TNR.v, FCX,

Lukas Lundin's Global Exploration play slowly recovers with Gold price and Copper. There is still opportunity to get in at these low levels in advance of his next move. Now after consolidation on the base of CGH.to his Canadian, Mexican, Argentinean and African Gold and Copper exploration plays he is ready to remind the market about his ideas.

Next important move will be in Junior Gold and Silver stocks once gold will clear off 1000 USD/oz level.



Canadian Gold Hunter Corp.: Drilling at Zymo Project Significantly Expands Hobbes Copper/Gold Zone


Press Release
Source: Canadian Gold Hunter Corp.
On Monday September 14, 2009, 8:30 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2009) - Canadian Gold Hunter ("Canadian Gold Hunter") (TSX:CGH - News) and Eastfield Resources Ltd. ("Eastfield") are pleased to announce that results have been received from the recently completed drilling program on the Zymo copper-gold property located 45 kilometres west of Smithers, BC. Four holes were drilled at the Hobbes Zone and one hole tested a showing in the FM Zone. All holes intersected mineralization.

Of the four holes drilled in the Hobbes Zone, three (ZY-09-13, 15, 16) were each 100 m step-outs to the west of ZY-08-07 and ZY-08-08. Each of these holes intersected mineralization and the Hobbes zone has now been traced over 600 m in an east-west direction. The most westerly hole, ZY-09-16, intersected the longest interval of mineralization to date indicating good potential for further extension of the mineralized zone to the west and south. Hole ZY-09-14 is a vertical hole drilled at the site of previously released holes ZY-08-09 (72.0 m of 0.72% copper; 0.54 g/t gold) and ZY-08-10 (57.0 m of 0.43% copper; 0.32 g/t gold). This hole intersected 273 m of 0.23% copper and 0.15 g/t gold and confirms that mineralization persists to greater depth. Hole ZY-09-17 was drilled in the FM zone. A summary of significant results is as follows:
--------------------------------------------------------------------
HOLE ID FROM (m) TO (m) INTERVAL (m)(i) Cu (%) Au (g/t)
--------------------------------------------------------------------
ZY-09-13 3.0 428.0 425.0 0.15 0.09
--------------------------------------------------------------------
including 255.0 381.0 126.0 0.20 0.15
--------------------------------------------------------------------
ZY-09-14 3.0 276.0 273.0 0.23 0.15
--------------------------------------------------------------------
including 9.0 108.0 99.0 0.36 0.25
--------------------------------------------------------------------
including 33.0 93.0 60.0 0.44 0.30
--------------------------------------------------------------------
ZY-09-15 33.0 441.0 408.0 0.21 0.11
--------------------------------------------------------------------
including 87.0 153.0 66.0 0.33 0.20
--------------------------------------------------------------------
including 297.0 318.0 21.0 0.31 0.18
--------------------------------------------------------------------
ZY-09-16 30.0 369.0 339.0 0.23 0.13
--------------------------------------------------------------------
including 139.0 330.0 171.0 0.31 0.18
--------------------------------------------------------------------
including 201.0 279.0 78.0 0.41 0.26
--------------------------------------------------------------------
ZY-09-17 9.0 42.0 33.0 0.13 0.11
--------------------------------------------------------------------
(i) Intervals are core lengths and true widths may be less than reported
here.
Work on the Zymo property to date has confirmed the presence of a sulphide mineralized copper-gold system that is over 8 km long and 2 km wide and hosts several mineralized targets including the Hobbes and FM. Fill-in soil geochemical sampling was carried out on the URC target which lies 1.5 km west of the Hobbes Zone and confirmed a 1.5 km long coincident copper-gold anomaly. This target is beyond the end of the geophysical grid and prospecting found no outcrops, however, a sample of mineralized float returned 0.33% copper and 0.22 g/t gold. This target further expands the discovery potential of the property.
Canadian Gold Hunter has the option to earn a 60% interest in the property by completing exploration expenditures of $4 million over five years. Canadian Gold Hunter may earn an additional 10% interest by completing a feasibility study and an additional 5% by arranging mine financing for Eastfield.
G.L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release. Bob Johnston, P.Geol., also a qualified person within the context of National Instrument 43-101, supervised the project work in the field. Analysis was performed by Acme Analytical Laboratories, a certified facility in Vancouver, BC, using multi-element (ICP-MS) Aqua Regia Digestion (1D) procedures, with gold and silver values determined using fire assay procedures."

Canadian Gold Hunter Announces Results From Los Helados Drill Program. CGH.to, LUN.to, SAX.to, MAI.v, TNR.v

Please note all those grounds on the map which belongs to TNR Gold TNR.v.

Grades are low, but it is large porphyry systems and they are all in proximity of each other. Cerro Blanco is right next to Los Helados and Jose Maria with adjacent TNR Gold's Batidero are within truckable distance. It looks like Lukas Lundin is thinking here about regional play with one milling facility for all this deposits. Gold above 1000 USD/oz and Copper at levels higher then 3 USD/lb will be the key for developments. High grade core should it be discovered will change the picture overnight. Japanese are liking the odds and moving into the Jose Maria with JOGMEG announcement this spring.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") is pleased to announce results from the latest drill program at the Los Helados project. Los Helados is one of a large group of porphyry copper/gold projects in the Andes straddling the Argentine-Chile border. Canadian Gold Hunter acquired these projects through the recent acquisition of Suramina Resources Inc. To view attached map, please click on the following link: http://us.lrd.yahoo.com/_ylt=AjMGU8ey_19BEpwFR.uykDmyf88A/SIG=11inl1mpj/**http%3A//media3.marketwire.com/docs/cgh0422.jpg.
Highlights include Hole LH-DDH 04 which returned 762 metres from near surface of 0.43% copper and 0.22 g/t gold. This deep hole ended at 779 metres in increasing grades of copper with the final 43 metres grading 0.74% copper and 0.23 g/t gold.
Table
Notes: Intervals are core lengths and true widths may be less than
reported here.
The results of LH-DDH 04 are interpreted as a confirmation that the core potassic zone of the Los Helados porphyry continues extensively at depth carrying significant copper/gold grades. Deep penetrating geophysics utilizing MIMDA will be carried out over the project area to better define the sulphide bearing core at depths down to 800 metres.
To date this highly promising target has only seen limited drilling totaling approximately 4,200 metres. The system remains open at depth, to the north, west and possibly to the southwest linking with the Company's nearby Cerro Blanco porphyry project currently being drilled.
Further drilling at Los Helados is planned for the 2009/2010 season to investigate the project at depth and the extension of the mineralization.
Canadian Gold Hunter's South American exploration programs are carried out under the direction and management of J. Patricio Jones (PhD). Dr. Jones and his team discovered the Veladero gold deposit in Argentina and was responsible for the initial development of the Bajo de Alumbrera copper-gold project. The technical contents of this release have been reviewed and verified by Mr. Paul K. Conibear, P.Eng., Director of Canadian Gold Hunter, who is an appropriately qualified person as defined by National Instrument 43-101. Quality controls include preparation and analysis statistics performed to industry standards. Samples from Los Helados were sent to ACME analytical labs in Mendoza Argentina and Santiago, Chile, for analysis using conventional ICP methods with multi-acid digestion. A 50 gram fire assay with AA (atomic absorption) finish is run on all samples for gold. A series of blanks are routinely introduced with each batch of samples. Quality controls include preparation and analysis statistics performed to industry standards.
On behalf of the Board
Wojtek Wodzicki, President and CEO"

Gold, Kinross and Lukas Lundin: Fortress Announces Private Placement With Kinross. FST.v, KGC, CGH.to, SNU.v, TNR.v, CZX.v

We have wrote recently about "Gold and Lukas Lundin with his Midas Touch", when he announced creation of Global Exploration company on the base of Canadian Gold Hunter CGH.to.
We were wondering: what is going to be next and now we have our first answer. This story is about a very substantial Gold deposit with high grades, but very special investment environment. It is Russia. Lukas lost Ozernoe Zinc deposit in Russia last year due to politic games around strategic reserves, but with followed collapse in all zinc plays he should not be very upset by now. By the way he has still around 10%, before Chinese Tongling investment, in Canada Zinc Metals CZX.v, which is in stable Canada and could become another 100 mil tones Zinc play one day. In Fortress Minerals his Russian partner is Gazprom Bank - powerful Mr Putin's base. It can open all doors in Russia, but can make any cooperation Chicago style as well. Now with Kinross Gold moving into the picture Mr Lukas is hedging his bets and puting his baby in a strong technical hands. Gazprom and Kinross Gold in Russia is a very powerful mix and now, if there will happen to be confirmed a huge deposit, for Russian hardliners it will be difficult to lose the partners along the way.

We are monitoring situation on:

Sanu Resources SNU.v which could become logically part of Global Exploartion company - Canadian Gold Hunter, CEO of SNU.v became CEO of CGH.to.

Canada Zinc Metals CZX.v with its Chinese move and Lukas still in the picture.

TNR Gold TNR.v with its Los Azules play, where Lukas invested via Minera Andes MAI.v, J/Vs with Canadian Gold Hunters and recent International Lithium development.

"Press Release Source: Fortress Minerals Corp.
Fortress Announces Private Placement With Kinross
On Monday May 4, 2009, 10:53 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2009) - Fortress Minerals Corp. ("Fortress" or the "Company") (TSX VENTURE:FST - News) is pleased to announce a Cdn $3.5 million private placement of 14 million common shares of the Company at a price of Cdn $0.25 per share. Kinross Gold Corporation ("Kinross") has agreed to acquire 10 million shares of the private placement for gross proceeds of Cdn $2.5 million and other parties have agreed to purchase 4 million shares for gross proceeds of Cdn $1 million. Upon completion of the private placement, Kinross will hold approximately 6% of the outstanding shares in the Company. Kinross will have the right to participate in future financings of Fortress to maintain its then-applicable equity interest. The private placement is subject to regulatory approval. Shares issued pursuant to the private placement will be subject to a four month hold period. Net proceeds of the private placement will be used towards ongoing work on the Svetloye Gold Project in Russia as well as for general working capital purposes.
The Svetloye gold project, which is located in eastern Russia, is owned 100% by the Company. Drilling to date has defined an estimated 1.428 million ounces of gold in the inferred category at a grade of 2.22 g/t gold (please see news release dated April 23, 2009 for complete details). An aggressive work program is planned for 2009 including trenching, sampling, geophysics and over 8,000 metres of drilling. Two diamond drill rigs will commence drilling in May 2009.
Lukas Lundin, President and CEO of Fortress, commented, "We are very pleased to have Kinross recognize our excellent team as well as the high potential of the Svetloye Gold Project. We look forward to further success on this exciting project and exploring new opportunities in Russia."
James C. Ashleman, P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information contained in this news release.
ON BEHALF OF THE BOARD
Lukas H. Lundin, President and CEO"

Gold: Canadian Gold Hunter Completes Initial Phase Drill Program at Caballo Blanco, Mexico CGH.to, SAX.to, OK.v, FST.v, LUN.to, FVI.v, PAA.v, SNU.v

As you can mention from our previous post about Orko Silver OK.v you were able to Buy OK.v at levels as low as 0.3CAD last October and now Pan American Silver is making a PP at 1.25CAD. Canada Gold Hunters CGH.to is forgotten by market story about Lundin Lukas Gold Exploration play in Mexico. News on recent drilling are not spectacular, but solid with large open pit mining model in mind. If Gold will stay above 1000 USD/oz in the future this kind of play will be back onto the radar screens. Lukas Lundin apparently has some breath now with Lundin Mining LUN.to above 2.0 CAD and financing done to address liquidity problems, Tenke Fungurume has started first Copper production, so maybe he will have some energy for his small Exploration plays. First step is consolidating at this ridiculously cheap levels and merger between CGH.to and Suramina Resources SAX.to his Argentina and Chile plays in Gold, Silver and Copper to be closed shortly. He has a few other companies engaged in Africa like Sanu Resources SNU.v, Fortress Mining FST.v in Russia among others. Suramina Resources SAX.to has received a nice premium to its trading in the market in all share deal, so some shopping could be warranted at this levels.

"VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; the "Company") announces that it has completed the initial follow up phase diamond drill program on the Caballo Blanco project in Veracruz, Mexico. The program consisted of 14 holes totaling 3,603 metres.
Significant assays from the latest drilling are tabulated below."

Lukas Lundin's NGEX drills 13 metres 3.3% Cu at Aradaib prospect in Eritria NGQ.to, SGC.v, NSU.to, AUY, GG, FCX, BHP, TCK, LUN.to, CXZ.v, TNR.v, AMM.to, GRC.to, NEM, RGLD, RTP

  Another of our Summer Picks is wakening up now. Lukas Lundin's Global exploration Play NGeX Resources is finally making some progress in the market place and stock is ready to follow. The recent J/V deal with Teck Resources gave the share price a nice boost of confidence, but stock is still only a shadow of what it once was, with the portfolio of properties and very high expectations in Suramina Resources, Canadian Gold Hunter and Sanu Resources, which were all combined to constitute NGeX Resources.           

  NGeX resources has a number of J/V projects with our another Top Pick - TNR Gold, which is spiced by Lithium and REE in plus to its Gold and Copper projects. It is a very small world of quality names in resource exploration and development companies and Lukas Lundin is involved in our Chinese M&A story in Canada as well: Lundin Mining has a position in Canada Zinc Metals.

  The major asset in all Lundin companies is Mr Lukas Lundin himself and we think that this company now lacks his determination and charisma - recent CEO is not even close to what shareholders were taking for granted with Lukas. The company is very shy now of any promotion or even telling its story properly to the market place.

  With all that said, it could be the best buying opportunity again: the stock is under the radar screens at the moment. Recent drill results are coming from getting hot Eritrea in Africa. You can see the core pictures here. Lukas was always famous in trading political risk for exploration one. Eritrea had its own bad moment after the crisis with UN sanctions and lack of political stability, but Nevsun Resources is making its way with mine development now and all other juniors involved in that country seems to be following moving to the upside:

"Sunridge Gold is on the move today, it is our second rocket after Almaden Minerals last couple of weeks, something is boiling on in this one...

"Even Lithium can not cure depression all the time: this summer we have a lot of market worries and vacation time always puts some pressure on our favorite juniors. Mr Market gives us another opportunity and the time has come to pick up new samples for our collection. We have, one more time, just checked Warren Buffet: Buy when nobody wants."

"NGEX drills 13 metres 3.3% Cu at Aradaib prospect




2010-08-23 13:14 ET - News Release





Dr. Wojtek Wodzicki reports

NGEX INTERSECTS 13 M OF 3.3% COPPER, 5.6% ZINC 1.8G/T GOLD, 46G/T SILVER AT ARADAIB PROSPECT, ERITREA

NGEx Resources Inc. is pleased to report the results of follow-up drilling at its recently discovered Aradaib volcanic hosted massive sulphide (VHMS) prospect located in northwestern Eritrea. The recently completed drill program followed up previously reported results from ARD-10-01 which returned 10 metres of 1.89% copper, 1.2% zinc, trace lead, 0.92 grams/tonne gold and 21 grams/tonne silver, and a contiguous lower interval of 7 metres of 0.99% copper, 15.15% zinc, 0.32% lead, 0.39 grams/tonne gold, 33 grams/tonne silver (see March 08, 2010 News Release). The recent drill program included three holes around ARD-10-01, and an additional scout hole, on a newly found occurrence of gold mineralized baritic and ferruginous volcanic rock, 1.7 kilometres to the south.

Two holes (ARD-10-03 and 04) confirmed the projected down plunge and down dip extensions of the massive sulfides intersected in ARD-10-01. ARD-10-03 tested 30 metres down plunge from the mineralization in ARD-10-01 and returned 13 metres grading 5.59% Zn, 3.31% Cu, 1.85g/t Au and 46g/t Ag from a 20.4 metre intersection of massive sulfide and stringer mineralization. Hole ARD-10-04 drilled on the same section as ARD-10-01 but intersecting the zone 25 metres deeper, returned 4.0m grading 0.31% Zn, 3.49% Cu, 0.68g/t Au and 38g/t Ag from massive sulfides at 108 metres and 7.0 metres at 1.70% Zn, 2.70% Cu, 0.82g/t Au and 26g/t Ag from 118 metres. The copper in the above intervals occurs as chalcopyrite and bornite which suggests that the high copper grades are primary rather than representing secondary enrichment. The host rocks are metamorphosed to amhibolite grade and the sulphides are coarse grained. The results of ARD-10-03 and ARD-10-04 indicate that mineralization is similar in thickness and grade down dip from ARD-10-01 and similar in thickness but higher in copper and gold to the south. This in turn suggests that the center of the system is to the south."

Related articles by Zemanta

• 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 fire today: SGC.v, NSU.to, NGQ.to, CZX.v, TNR.v, RM.v, GG, NEM, FCX, AMM.to, GRC.to, RVM.to, MGN, VTR.to, (sufiy.blogspot.com)
• Gold in Canada: Goldstone drills 42.7 m of 2.28 g/t Au at Key Lake GRC.to, PG.to, GG, ABX, NEM, AUY, GDX, RGLD, HUI, XAU, BVN, FCX (sufiy.blogspot.com)
• Canada Zinc Metals: Chinese Tongling Subscribes to $18 Million Private Placement CZX.v, TNR.v, LUN.to, IVN.to, CS.to, BWR.to, TCM.to, TKO.to, BHP, RTP, FCX, CLQ.v, WLC.v, LIT.v, LAT.v, (sufiy.blogspot.com)
• Credit Suisse: Brace Yourself For $10,000 Copper TNR.v, MAI.v, CZX.v, LUN.to, FCX, CUU.v, RVM.v, BHP, RTP, AUY, BVN (sufiy.blogspot.com)

Lukas Lundin's NGeX Resources is on fire today ngq.to, lun.to, czx.v, tnr.v, cuu.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck

  No news so far....

"Now we have an idea why Lukas Lundin was buying his  own "Global Exploration Vehicle" stock in the market recently - NGeX Resources added to its Gold, Silver and copper properties Potash in Erirea.
"Lukas will be again in a very favorable position after these very tough few years for the company. He can and should use his currency - shares in the company above CAD10.0 to buy another companies with sizable projects at still undervalued valuations among juniors. He should definitely, in our opinion, to study well opportunities for acquisition in CIBC report. His another company - NGeX Resources is a part of that M&A list with its properties in Argentina, Chile, Africa and Canada is moving up nicely in price these days as well. TNR Gold has a few J/V projects with NGeX Resources in Argentina. Lukas Lundin was buying recently NGeX Resources in the market."

"NGeX Resources - Another of our Summer Picks is wakening up now. Lukas Lundin's Global exploration Play NGeX Resources is finally making some progress in the market place and stock is ready to follow. The recent J/V deal with Teck Resources gave the share price a nice boost of confidence, but stock is still only a shadow of what it once was, with the portfolio of properties and very high expectations in Suramina Resources, Canadian Gold Hunter and Sanu Resources, which were all combined to constitute NGeX Resources.           

  NGeX resources has a number of J/V projects with our another Top Pick - TNR Gold, which is spiced by Lithium and REE in plus to its Gold and Copper projects. It is a very small world of quality names in resource exploration and development companies and Lukas Lundin is involved in our Chinese M&A story in Canada as well: Lundin Mining has a position in Canada Zinc Metals.

  The major asset in all Lundin companies is Mr Lukas Lundin himself and we think that this company now lacks his determination and charisma - recent CEO is not even close to what shareholders were taking for granted with Lukas. The company is very shy now of any promotion or even telling its story properly to the market place.

  With all that said, it could be the best buying opportunity again: the stock is under the radar screens at the moment. Recent drill results are coming from getting hot Eritrea in Africa. You can see the core pictures here. Lukas was always famous in trading political risk for exploration one. Eritrea had its own bad moment after the crisis with UN sanctions and lack of political stability, but Nevsun Resources is making its way with mine development now and all other juniors involved in that country seems to be following moving to the upside:"

NGeX presentation.

Related articles

• Global Exploration Play in Gold, Silver, Copper and Potash: Lukas Lundin increases his stake in NGeX Resources ngq.to, tnr.v, lun.to, czx.v, sgc.v, cuu.v, rvm.to, grc.to, mgn, fvi.to, auy, slw, rvm.to, epz.v, ktn.v, bva.v, bvg.v, abn.v, jnn.v, ura.v, mxr. (sufiy.blogspot.com)
• Copper, Zinc and Cobalt: Inmet and Lundin Announce Merger of Equals to Create Symterra Corporation lun.to, czx.v, tnr.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck (sufiy.blogspot.com)
• Canada Zinc Metals: M&A play with tight Zinc supply: "No more ore at Century" czx.v , lun.to, tnr.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck (sufiy.blogspot.com)
• Sunridge Gold completes $10-million private placement, Lundin Mining keeps its stake sgc.v, lun.to, czx.v, tnr.v, ngq.to, bnp, rio, fcx, tck, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, bls.to, (sufiy.blogspot.com)
• Globe says Lundin Mining target boosted to $8 lun.to, czx.v, tnr.v, mai.to, fcx, rio, bhp, tck, bwr.to, cs.to, imn.to, tko.to, wrn.to, qux.to (sufiy.blogspot.com)
• The Financial Post says Lundin Mining catches a break with DRC lun.to, czx.v, tnr.v, mai.to, fcx, rio, bhp, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to (sufiy.blogspot.com)
• Gold and Silver in Ecuador: Cornerstone authorized to recommence exploration at Flagship Shyri property in Ecuador 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 (sufiy.blogspot.com)
• TNR Gold: Retire Fund: Junior Gold miners could be takeover targets as gold price heads toward $1500 oz. tnr.v, grc.to, ngq.to, sgc.v, mgn, asm.v, ktn.v, epz.v, cgp.v, rvm.to, rm.v, lmr.v, laq.v, gbn.v, bva.v, bvg.v, alk.ax, nup.ax, srz.ax, usa.ax, abn.v, (sufiy.blogspot.com)
• Looking for Catalyst 2010: Reflections on QE, US Dollar, Gold, Silver, Lithium and REE, Copper and Zinc tnr.v, czx.v, rm.v, lmr.v, alk.ax, laq.v, asm.v, grc.to, sgc.v, ngq.to, ktn.v, mgn, epz.v, rvm.to, tsla, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, (sufiy.blogspot.com)
• Jon Hykawy: High on Lithium tnr.v, lmr.v, rm.v, alk.ax, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc (sufiy.blogspot.com)
• Rare Earths for Dummies - REE sector is getting Hot tnr.v,czx.v, alk.ax, avl.to, ree, mcp, appl, tm, ge, gm, quc.v, mdl.v, nsany, rno.pa, cee.v, lit, li.v, wlc.v, clq.v, fmc, sqm (sufiy.blogspot.com)

Jay Taylor Says Look Seriously At TNR Gold TNR.v, CZX.v, WLC.v, LI.v, RM.v, SQM, FMC, ROC, AVL.to, QUC.v, RES.v, HEV, AONE, VLNC, F, SNE,

"After San Francisco Hard Asset Conference TNR Gold and International Lithium have gained attention of Jay Taylor - "one of the most respected, independent analysts in the North American mining and energy sectors." Company is building credibility and momentum in delivering its story to the market place."

Jay's Watch List

We have a very positive news for the company - the last crucial piece in its strategic plan to be put in place: access to the capital.

Jay Taylor Says Look Seriously At TNR

December 7, 2009

TNR Gold Corp

December 2, 2009

Traded Toronto: TNR
U.S. OTC: TRRXF
Shares outstanding: 96.9 million
Recent Price: $0.29
Market Cap: $28 million
Toll Free Telephone: 800-667-4470
Website: http://www.tnrgoldcorp.com/

The following remarks are made largely on the basis of a recent conversation I have had with the management of TNR Gold Corp., a member of Jay’s Watchlist.

TNR Gold Corp. is employing the project generator model. For those of you who may not know what a project generator model is, a word of explanation is in order. “Project generators” are companies that pick up early stage exploration ground when there are historical or scientific reasons to believe a property is prospective for a given mineral. Because these properties are obtained at an early stage of development, the cost of obtaining them is very low.

As a project generator, TNR then uses its intellectual capital rather than hard currency capital to add value to its shareholders. By carrying out relatively low cost early exploration work, it demonstrates with greater confidence, the potential for a given property to host an economically viable mineral deposit. At that point in time, TNR hopes to bring in other companies that are willing and able to spend considerably more money to explore and advance those prospects toward production. TNR will generally retain a carried interest in those prospects into the future or at least a Net Smelter Return on any future production from the property. The prospect generator model is in theory a less risky model because, if other companies are spending considerable amounts of money, they can reduce the number of shares issued to raise capital.

TNR is Lithium Then Gold

Although the name of this company is TNR Gold Corp., management has positioned the company for maximum flexibility to allocate its resources into exploration for mineral resources most in demand. That’s why, despite its name being TNR Gold Corp., management is placing most of its emphasis on lithium exploration at this point in time.

I should also mention that the company’s primary geographical area of focus is in Argentina and that is where its number one lithium prospect is. It has 12 projects in the San Juan province of Argentina and one in the most Northern province, named Jujuy.

Aside from Argentina, TNR has projects in Alaska, Nevada, Canada and in Ireland. Its two projects in Nevada are lithium prospects.

Why Lithium over Gold?

TNR has focused on lithium given the commitment of various car manufactures to build battery powered automobiles. The most advanced battery technologies use a large amount of lithium. With Nissan and Federal Express committing to build the first electric cars in 2010, the demand for lithium is projected to rise dramatically in the years to come.

The most exciting lithium prospect for TNR is its Mariana prospect located 120 kilometers from the nearest town, that being Tolar Grande. This is a brine target rather than a hard rock target, which means it is cheaper to explore and less costly from which to produce lithium.

The Mariana project consists of several contiguous claims over 120 km2 covering the entire salar. Historical sampling reported significant lithium, boron, and potash levels in brines and sediments within the main body of the salar. Salares, or salt lakes, contain minerals dissolved in brines and some include buried layers of evaporate minerals. Four of seven water samples collected in the shallow subsurface over approximately 3 km returned values from 188 to 283 mg/L lithium, and 423 to 698 mg/L boron. This confirms that there are some brines present with concentrations similar to those found at producing salares in North and South America.

Current lithium production is coming from Chile, Australia and Argentina and a private company in Clayton Valley, on the California –Nevada border. Management believes that its Mariana prospect has the potential to become one of only a handful of lithium mines in the world to meet what is projected to be a surging demand for lithium.

Given the relative simplicity of mining lithium especially from brines as opposed to hard rock deposits, and the remote location of this prospect, management believes this prospect can be fast tracked with a conceivable feasibility date within 18 months. Assuming continued ongoing work points toward the potential for the Mariana to become a commercially viable lithium mine, we would expect TNR to either sell off this prospect or retain a carried interest in it through a joint venture or by issuing a dividend to shareholders. But I’m getting ahead of myself a bit here. There are no guarantees yet that the Mariana will be a commercially viable project promising as it may appear at this time.

Lithium prospects in Ontario and Nevada

On Oct. 19th, management reported some impressive lithium assays from grab samples on is 100% owned Mavis Lake Property in Northwestern Ontario. Sampling took place on this hard rock prospect over an area measuring 1.1 kilometers by 4.5 kilometers.

The company also has two lithium brine prospects in Nevada, those being at Fish Lake Valley and Mud Lake.

And on Nov. 10th the company announced that it signed an option to acquire a 100% interest in 1,076 hectare Sarcobatus Flats lithium brine property located 109 kilometers south of Tonopah, in Nye County, Nevada.

Management views these lithium prospects as being only the first few of several that it expects will catapult TNR into the number one lithium exploration company.

Gold Second Most Important Mineral for TNR

The company has an abundance of gold, silver and base metals properties located mostly in Argentina. Some of them such as the La Carolina in Argentina have had a fair amount of exploration progress made on them. Most of these prospects are largely gold and silver prospects with significant base metals potential. With a large number of highly prospective gold targets in the U.S. and Argentina, we think the prospects of developing significant intrinsic value for this company’s shares over the longer run are quite good.

The company’s most advanced prospect is its Shotgun project in Alaska, where a non 43-101 resource of approximately 1 million ounces on surface has been outlined. The average grade is just under 1 gram per tone. More exploration work will need to be carried out to determine whether this is a commercially viable gold project.

Dollars in the Ground

The company has a total of 33 or 34 prospects of which 18 are active. Ten of the total projects are currently joint-ventured. Of that total, seven out of ten are with Canadian Gold Hunter, a company that has subsequently been taken over by a Japanese group. At this time, it is uncertain what the plans of the Japanese group are with respect to those joint venture agreements, so the total amount of money to be spent by other companies is uncertain at this time. One project held by La Mancha is committed to spend $1 million in 2010. In due course, once questions of the Japanese concerns are answered, we would expect a clearer picture of how much money other companies are committed to spending to develop TNR’s various prospects.


MANAGEMENT

The Company's management team has experience in all aspects of the mining industry, including the financing and marketing of public and private companies.




Gary Schellenberg, B.Sc. (Geology)Position: President
Mr. Schellenberg has been managing and financing public and private resource based companies for the past 20 years. His experience provides the Company with leadership and well defined corporate goals.



Paul Chung, B.Sc. (Geology), MBA Position: Director
International experience and expertise in the management of public companies over the past 19 years make Mr. Chung a valuable asset to the Company's Board of Directors. He is directly involved in the day-to-day operations of the Company.



Jerry Bella, CGA Position: CFO
Mr. Bella is a Certified General Accountant with over 20 years experience as a director and CFO of various companies trading on the TSX Venture Exchange. He oversees all the financial affairs of the Company on a day to day basis and works closely with other senior management members in meeting TNR's goals and objectives.



Michael Sieb, B.Sc, MBA Position: Chief Operating Officer
Brings 22 years of strong corporate growth and project management experience in international mining and exploration. Prior to joining TNR, Mr. Sieb was president of Brilliant Mining Ltd. which was named by the TSX50 "Top 10 Mining Companies on the TSX: V" for two consecutive years during his tenure. Mr. Sieb is recognized as a committed executive with an exceptional array of skills essential for operating and developing a premier mining company. He has earned a Masters of Business and Administration degree at the University of British Columbia and a Bachelor of Science Degree in Geology at Concordia University.



Ike Osmani, P.GeoPosition: Chief Geologist for South American Projects
Mr. Osmani brings 26 years of Canadian and international mineral exploration experience in gold, uranium and base metals and has provided exploration consulting services for numerous resource companies. He has 17 years of experience with major and junior exploration/mining companies and as an independent Consultant and 9 years with Ontario Geological Survey (Government of Ontario).



Roberto Lara, Geologist Position: Managing Director of South American Projects
Mr. Lara graduated from Universidad Nacional de San Juan in geology and has been involved in the mining industry in South America since 1988, mainly in the province of San Juan, Argentina. He previously was chief geologist from Crown Resources USA and consulted to numerous resource companies. Presently Mr. Lara is Vice president of Compañia Minera Solitario Argentina S.A., TNR Gold's 100% subsidiary.



John Harrop, P.GeoPosition: Senior Geologist
Mr. Harrop has been involved in many aspects of gold and base metal exploration for 24 years. He has international field experience in North, Central and South America. He also has substantial experience developing and implementing new technology, such as GIS and 3D geophysics, which can provide competitive advantages to exploration teams.



Mr. Jerry Huang, BBAPosition: VP Corporate Development
Jerry graduated with a Bachelor of Business Administration and has had a successful career in private and publicly traded companies in a marketing, service, and sales capacity. Prior to this appointment, he was a senior advisor with a major Canadian bank, generating over $40 million dollars of secured equity and investments in 2007. Jerry is currently completing his MBA at Sauder School of Business at University of British Columbia.





FINANCING & LITHIUM SPIN OUT

At present, the company has a cash position of approximately $500,000. It is in the process of raising $3 million of which $2 million is slotted for funding a spinoff company named International Lithium. The proposal is to raise $3 million with the sale of $0.30 stock with each share carrying with it ½ share purchase warrant at $0.50. The completion of the sale of these shares would raise the number of shares outstanding to approximately 110 million.

Management is currently talking about a 4:1 spinoff, meaning that for every 4 share of TNR you currently hold, you will bet one share of International Lithium. I’m told that at most it will be a 5:1 spinoff. With 110 million shares outstanding in TNR, the total number of shares outstanding for the new International Lithium company would be between 22 million and 27.5 million shares. The $2 million in the new company will then be used exclusively for additional exploration and development of lithium projects.

We think this spin out idea is a very good one because we doubt very much the market is fully pricing both the lithium and gold prospects. A spin out of the lithium prospects should allow help to bring full value to shareholders as “green” orientated investors pay focus on what is currently an attractive investment theme.

More spin off to come?

As noted above, the company’s most advanced prospect is its Shotgun project in Alaska where a non 43-101 resource of approximately 1 million ounces on surface has been out lined. The average grade is just under 1 gram per tone. I understand management is having internal discussions about the potential to spin out the Shotgun prospect into another public company with a structure similar to that being proposed for the Lithium spin out. I believe that could very well add value to existing TNR shareholders.

SUMMARY: TNRs’ project generator model is a good low risk business model that enhances longer term gains through diversification. Shareholder risk from dilution is limited given the use of this model. We think the proposed spin off of the lithium property will add value for current shareholders.

Our main concern with the lithium prospects is the political sustainability of the move toward electric powered cars. My concerns arise out of my bearish global economic outlook and also a growing wavering on the part of various countries toward away from a commitment to halt what many think is man made global warming. If demand for lithium powered cars is truly in the early stages of a growth phase, then TNR and its spin off company should be in a good position to profit longer term. In any event, I believe the spinoff of the lithium properties should add value to existing TNR shareholders.

With a market cap of under $30 million, a lithium spin off possibly to be followed by the Shotgun spin off, not to mention numerous other prospects, precious metals and gold properties, we think TNR provides considerable upside potential for investors willing and able to hold these share for a protracted period of time, assuming, as I do, that the bull market in gold has several more years to run.