Henderson Opportunities Share Discussion Threads

[holdontightuk] 31/3/2006 08:42

Final Results

FOR: EUROPEAN MINERALS CORPORATION

TSX SYMBOL: EPM
AIM SYMBOL: EUM

March 31, 2006

European Minerals Corporation Announces 2005 Results

LONDON, ENGLAND--(CCNMatthews - March 31, 2006) -

Not for Distribution to U.S. Newswire Services or for Distribution in the United States

European Minerals Corporation ("EMC or the "Company") - (TSX:EPM)(AIM:EUM) - a gold-copper exploration
and development company, today reports its results for the twelve months ended December 31, 2005. All
amounts are expressed in US dollars unless otherwise indicated.

HIGHLIGHTS

Financial

- As at December 31, 2005, the Company had assets of $106.4 million, including non-restricted cash of
$9.5 million.

- No operating revenues during the year as the Company continued to focus its efforts on the
development of the Varvarinskoye gold and copper mine.

- Consolidated loss for the year was $4.6 million. The loss included expenditures of $5.8 million
offset by interest income of $1.2 million. This compares with expenditures of $2.6 million offset by
interest income of $120,000, for 2004.

- Capital expenditures on the development of the Varvarinskoye Project amounted to approximately $59.3
million.

- Approximately Cdn$103.5 million (approximately $85 million) raised by way of an equity financing. In
March 2006, post balance sheet event of a further equity financing closed that raised approximately
Cdn$80.9 million (approximately $70 million) in aggregate.

- Acquisition of the remaining 14% of the Varvarinskoye Project to give the Company 100% control.

Operational

- Work on pre-stripping the top soil and overburden from the central pit at the Project continued in
2005. A purpose built mine fleet workshop is currently under construction and will be complete in mid
- 2006.

- In addition to the pre-stripping, earthworks on the construction of the tailings dam was started and
will be completed on target in late 2006.

- Construction of the process plant and infrastructure commenced in July 2005. The very severe winter
experienced in northern Kazakhstan and Russia meant that there was a virtual construction-site
shutdown from December 2005 to February 2006.

- During the year the Company continued to build up its management and operating team for the project.
Several key appointments of Kazakh national and expatriate managers were made in 2005.

- In December 2005, EMC concluded a copper/gold concentrate sales contract with Trafigura Beheer BV, a
major commodity sales and trading organization.

Tony Williams Chairman of EMC commented today:

"We are delighted with the current progress at Varvarinskoye. Given the circumstances that led to the
change of project engineer, our team, as well as our Kazakh sub-contractors and our new project
engineers, SENET, have performed magnificently and deserve the gratitude of all shareholders. We are
on our way to significant metal production in 2007 and remain confident that our first gold will be
produced on schedule."

MANAGEMENT'S DISCUSSION AND ANALYSIS

A full Management's Discussion and Analysis document ("MD&A") is available on SEDAR at www.sedar.com.
The document can also be obtained on application to the Company.

The following has been extracted from the MD&A.

FINANCIAL REVIEW

The Company has yet to generate any operating revenues and therefore losses have been incurred
throughout this period.

Year Ended December 31, 2005 Compared to Year Ended December 31, 2004

The Company's principal source of income during the year was from interest on bank deposits which
amounted to $1.2 million compared to $120,000 in 2004. This level of interest income reflects the
higher average cash balances as a result of the completed Offering.

The consolidated net loss for 2005 amounted to $4.6 million ($0.03 per share) compared to $2.5 million
($0.04 per share) for 2004. The consolidated net loss included expenditures on administration costs of
$1.6 million (2004 - $1.1 million), legal and professional costs of $595,000 (2004 - $791,000),
foreign exchange losses of $1.7 million (2004 - $Nil), stock-based compensation of $0.6 million (2004
- $134,000) and resource project costs of $1.1 million (2004 - $377,000).

The higher level of administration expenses is indicative of additional costs in this area as a result
of the Company continuing to develop its corporate administration as the Varvarinskoye Project gets
underway. The Company also incurred higher resource project costs as it wrote-off costs attributable
to exploration work that was undertaken in the Balkans.

LIQUIDITY AND CAPITAL RESOURCES

In management's view, the most meaningful information concerning the Company relates to its current
liquidity and solvency since it is not currently generating any income from its mineral projects.

The Company raises capital for its operations through the issuance of its common shares, proceeds
received from the exercise of options and share purchase warrants and the issuance of debt. Although
the Company has been successful in the past in raising capital, there can be no assurance that any
funding required by the Company in the future will be made available to it and, if such funding is
available, that it will be offered on reasonable terms or that the Company will be able to secure such
funding through third-party financing or joint ventures. Furthermore, there is no assurance that the
Company will be able to secure new mineral properties or projects or that they can be secured on
competitive terms.

On April 11, 2005, the Company completed an offering ("Offering") which consisted of 138 million units
(the "Units") at a price of Cdn$0.75 (Pounds Sterling 0.33) per unit, raising gross proceeds of
approximately Cdn$103.5 million (approximately $85 million). Each Unit is comprised of one common
share in the capital of EMC and one-half of one common share purchase warrant. Each whole common share
purchase warrant entitles the holder to acquire one common share until April 11, 2010 at a price of
Cdn$1.20 per share.

In November 2005, the Company entered into a debt facility (the "Debt Facility") in the amount of
$75.4 million with Investec Bank (UK) Limited, Investec Bank Limited and Nedbank Limited (the
"Lenders") to fund the debt portion of the construction of the Varvarinskoye Project. In connection
with and as a condition of drawdown under the Debt Facility, EMC also implemented a gold hedging
facility (the "Hedging Facility") for the period of the Debt Facility. The hedge is in the form of a
monthly US dollar, flat forward gold sale over the 8-year term of the Debt Facility.

Notwithstanding the entering into of the Debt Facility, it has not been possible for the Company's
subsidiary, JSC Varvarinskoye ("JSCV"), to make a drawdown thereunder as a result of the termination
of the lump sum turnkey contract ("LSTK") with MDM Ferroman (Pty) Ltd ("MDM"), which resulted in JSCV
not being able to meet one of the conditions precedent to the drawdown of the facility. The Company is
in ongoing discussions with its Lenders regarding the Debt Facility for the Project. While the Lenders
of the Debt Facility have indicated their continued support of the Company's actions, there is no
assurance that the existing Debt Facility will not be modified or cancelled by the Lenders or the
Company. It is an event of default under the Debt Facility if the contractor for the Project is not
replaced within 28 days of termination of the LSTK which occurred on January 31, 2006. However, as of
February 23, 2006, the Lenders have granted the Company an extension until May 1, 2006 to complete the
first drawdown under the Debt Facility, a condition precedent of which is the replacement of the
contractor.

In addition, certain funds of the Company, totalling $20 million, are held by the Lenders in secured
accounts and the Company is not currently able to utilize such funds for its operations. If the Debt
Facility is not immediately available, the Company believes that, under existing market conditions, it
would be able to access alternative facilities to fund the debt portion of the Project.

If the Lenders were to terminate the Debt Facility, all fees already paid to the Lenders would be
forfeit (being an aggregate of approximately $2.2 million). Also, the Lenders would be in a position
to enforce their security over the assets of JSCV and furthermore the Lenders, as hedging
counterparties under the Hedging Facility, would be entitled to terminate the hedges. The Company
would be exposed for the full balance of any break costs associated with terminating the hedges
(estimated, based on recent market prices for gold, to be approximately $21.6 million as at March 24,
2006).

On March 21, 2006, the Company closed its short form prospectus offering of 55,000,000 units (the
"Financing"). The Financing was effected through an underwriting syndicate led by Canaccord Capital
Corporation and included Pacific International Securities Inc. (the "Underwriters"). The underwriters'
option was also exercised resulting in a total of 67,000,000 units being sold at Cdn$1.05 per unit for
gross proceeds of approximately Cdn$70 million (approximately $60.8 million). Each unit consists of
one common share of EMC and one-half of one common share purchase warrant. Each whole warrant entitles
the holder to purchase one common share at a price of Cdn$1.55 per share until March 21, 2011.

On March 24, 2006, the Company issued 10,050,000 units following the full exercise of the over-
allotment option granted to the Underwriters of the Financing. Following the exercise of the over-
allotment option, the gross proceeds raised pursuant to the Financing was approximately Cdn$80.9
million (approximately $70 million) in aggregate.

Working Capital

The Company's unrestricted working capital amounted to approximately $5.7 million as at December 31,
2005, compared to approximately $7.8 million as at December 31, 2004, a 22% decrease. This decrease
was mainly attributable to the increase in its unrestricted cash and receivables position ($5.4
million) offset by its increased payables and accrued liabilities ($7.6 million).

Currently, the Company's unrestricted working capital is approximately $56 million, including the net
proceeds of the Financing. Management expects that working capital requirements to the end of 2006
will amount to approximately $80 million, comprised of capital expenditures of $75 million related to
building the mine and $5 million for overhead and administrative costs. As the Company has met all its
equity requirements under the terms of the Debt Facility, it expects that its 2006 expenditures will
be met adequately with existing funds together with drawdowns under the Debt Facility.

As at December 31, 2005, the book value of resource assets amounted to approximately $59.7 million
(2004 - $4.8 million) and relates to the Company's capitalised development expenditures of $49.6
million (2004 - $4.8 million), acquisitions of the Additional Interest of $9.7 million (2004 - $Nil)
and asset retirement obligations of $470,000 (2004 - $Nil).

The Company currently estimates its overhead expenditures to be approximately $5 million for 2006. As
a result of the SENET Review, the capital expenditures to place the Project into production are now
estimated at $145 million (including the purchase of the mining fleet), with approximately $75 million
estimated to be spent in 2006. The funds required for these expenditures are available from funds
raised through the Offering, the Debt Facility (if drawn down) and the Financing.

REVIEW OF OPERATIONS

Varvarinskoye Project

During the year the company continued to focus its efforts on the development of the Varvarinskoye
gold and copper mine.

Work on pre-stripping the top soil and overburden from the central pit at the Project continued in
2005. Two Kazakh mining contractors commenced this work in June and continued throughout the summer
until the arrival and commissioning of the JSC Varvarinskoye owner-operated mining equipment.
Currently the Company's earth moving fleet is comprised of four CAT777D haul trucks working with a
RH120E and a CAT 385 hydraulic excavators, mining support equipment including CAT graders, bulldozers
and front end loaders are also operating on site. Two CAT 777D trucks are on site awaiting assembly
bringing the total mining fleet delivered to site at approximately 60%. Several other major items of
equipment including three CAT 777D trucks, the second RH120E excavator and a DM30 blast hole drilling
rig necessary for hard rock mining are either in transit to site or about to be dispatched from the
manufacturers' factories. During the site build-up phase of the mining fleet, operator training
programmes were successfully initiated over the winter period and based on experience to date, EMC
expects the locally recruited operators to attain the production levels required in the project
working in a safe and efficient manner. The Maintenance and Repair Contract ("MARC") agreed with the
Caterpillar agent in Kazakhstan also commenced using a temporary workshop facility constructed on site
by JSCV. A purpose built mine fleet workshop is currently under construction and will be complete in
mid - 2006. In spite of an unusually severe winter which saw temperatures dropping to -43 degrees C,
no serious disruptions to the build up of the mining operations occurred and the mining schedule is on
target to have ore on the stockpiles in readiness for the completion of the process plant
construction.

In addition to the central pit pre-stripping, earthworks on the construction of the tailings dam was
started and will be completed on target in late-2006. The main water storage and overflow reservoir
was completed and the de-watering ring linked to the central pit de-watering boreholes is ready for
operation in anticipation of the spring thaw in 2006.

Construction of the process plant and infrastructure commenced in July 2005. To-date placement of
approximately 4,000 cubic metres of concrete and the concomitant civil engineering works has been
completed. These works are largely the foundations for the process plant and the mine fleet workshop.
Unfortunately, deliveries of structural steel placed in 2005 are well behind schedule and this has
placed the erection of the process plant building behind programme. As noted above the very severe
winter experienced in northern Kazakhstan and Russia meant that there was a virtual construction-site
shutdown from December 2005 to February 2006.

Progress was also made on the owner installed infrastructure aspects of the project. Agreements for
the construction of fuel and explosive facilities at the mine site were put in place. The contract for
the installation of the 60km overhead 25MW power line for the project power supply was signed and
equipment orders for transformers will be fulfilled in the second quarter 2006. Power to the project
is on target to be available in late 2006. A temporary analytical laboratory has been constructed on
site to ensure tight assay control as mining nears the ore body in 2006. This facility will be
replaced by a purpose-built laboratory as part of the mine offices, accommodation camp and other
facilities which will be constructed in 2006.

During the year the Company continued to build up its management and operating team for the project.
Several key appointments of Kazakh national and expatriate managers were made in 2005.

Termination of lump sum turnkey contract ("LSTK")

In January 2006, the Company terminated the LSTK that had been entered into with MDM in September,
2005, in relation to the Varvarinskoye Project and it appointed SENET CC ("SENET"), a South African
based design, engineering and project management company, to undertake a review (the "SENET Review")
to reassess the design and cost of construction of the Varvarinskoye process plant and associated
infrastructure. SENET has extensive project and construction experience operating worldwide within the
mining industry, including the former Soviet Union, specialising in engineering, procurement and
construction management ("EPCM") and engineering, procurement and construction turnkey contracts for
multi-disciplined projects.

In February 2006, the Company received the SENET Review that included overall design parameters as
detailed in the definitive feasibility study undertaken by MDM in November 2004. The total cost
estimate for completion of the Varvarinskoye process plant and related infrastructure costs is $60.8
million plus EPCM fees and reimbursable costs payable to SENET of $8.8 million for a total of $69.6
million. This compares to total estimated plant and infrastructure costs of approximately $55.6
million under the LSTK.

SENET has also advised that based on the work done to date, it expects to be able to achieve practical
completion of the process plant and introduction of first ore by March 30, 2007, with full
commissioning of the plant to occur by mid-June 2007.

The Company has accepted the revised cost estimates and construction schedule submitted by SENET and
signed a letter of intent ("LOI") appointing SENET as EPCM contractors, to supervise construction in
conjunction with JSC Consolidated Development Corporation ("CDC") and the Company's own project team.
SENET has commenced work under the LOI which will be translated into a formal EPCM contract shortly.

Off-take contract

In December 2005, EMC concluded a copper/gold concentrate sales contract with Trafigura Beheer BV, a
major commodity sales and trading organization. The contract is for the full production of copper and
gold concentrates for the life of the Project, estimated in the 2004 Bankable Feasibility Study to be
600,000 tonnes at an average grade of 17% copper and 20 g/t gold.

Other Projects

The Company continued to investigate sourcing additional properties in Eastern Europe. A review of
projects in Albania was undertaken. It is planned that these efforts will continue in 2006. Consistent
with the Company's policy on expensing costs relating to non-specific projects, these expenditures
have been written-off in 2005.

Oil Interest

In 1999, Lisburne Holdings Limited ("Lisburne"), a 55%-owned subsidiary of EMC sold Tasbulat Oil
Corporation ("Tasbulat") to the National Oil Company Petrom S.A. (the Romanian national oil company).
Tasbulat holds interests in three oil fields in Kazakhstan (the "Tasbulat Fields").

The proceeds of sale, excluding anticipated royalties and expenses, amounted to $6.05 million of which
$4.95 million has been received by Lisburne. On January 13, 2006, the final sales proceeds of $1.1
million were received by Lisburne, of which the Company's share was $605,000 leaving the Company with
a remaining net investment in oil and gas residual interest of approximately $1.9 million at that
date.

The remaining net investment in oil and gas residual interest is expected to be recovered from the
Company's share of a 1% gross overriding royalty (based on gross sales proceeds less certain sales
related costs and taxes) which is payable to Lisburne from all oil sales from the Tasbulat Fields
exceeding 2.0 million barrels of oil equivalent.

Acquisition of remaining 14% interest in Varvarinskoye project

On June 23, 2005, the Company announced the completion of the acquisition of remaining 14% interest
(the "Additional Interest") in its key asset, the Varvarinskoye gold-copper deposit located in
northern Kazakhstan, that it did not already own. The Company agreed to pay $7.25 million to acquire
the Additional Interest in JSCV, the holder of the licences covering the Project deposit. A cash
payment of $5 million was paid on closing with the remaining balance ($2.25 million) due on the
earlier of the fifteenth business day following the first date upon which gold dore is produced from
the Varvarinskoye mine or December 31, 2006. The discounted value of the remaining purchase price
balance of $2.25 million was $2.11 million at December 31, 2005 and has been recorded as a liability.
Legal costs regarding the transaction were approximately $44,800, and have been included as part of
the purchase cost.

[holdontightuk] 30/3/2006 20:07

Mercator Minerals......
News we are going DIRECT to Phase IV due to excelent pilot study results.
By.. late 2007. Misses Phase III.

see


There is a shake attempt as the ist notion is that no Phase III = dalayed production of 30K tonne copper in 2006. The following I beleive is helpful: I do read into it that we wont see an increase in output to 30,000 tonnes a day THIS year. In a sense this could be disappointing to short-termers.
But on other hand the medium term is absolutely huge asssuming copper and moly remain valuable pricewise in 2007.

.'...Process Plant Expansion

Mercator's purchase of a 20,000 ton-per-day concentrator in July 2005 allows the fast track development of the Phase 4 expansion of the Mineral Park project. Engineering is well underway to expand the concentrator to at least 30,000 tons-per-day during the relocation of the concentrator......'
ie, this is really Phase III as an ongoing process. How 'Phase III ' and the new situation in fact pans out in practice wwe will wait and see.

[holdontightuk] 30/3/2006 14:18

Director/PDMR Shareholding

RNS Number:6770A
Mercator Gold PLC
30 March 2006

FOR IMMEDIATE RELEASE 30 March 2006

MERCATOR GOLD PLC ("Mercator Gold" or the "Company")


DIRECTOR'S DEALINGS


The Company were informed yesterday that Terrence Strapp, Chairman, through the
nominee account of SDG Nominees Pty Ltd, on that date purchased 100,000 ordinary
shares of Mercator Gold (the "Shares"). Subsequent to this purchase, Terrence
Strapp holds a total of 220,000 Shares, representing 0.56% of the issued share
capital, together with 475,000 Executive Share Options.



This information is provided by RNS
The company news service from the London Stock Exchange

END
RDSSDWFESSMSEED

[holdontightuk] 29/3/2006 09:40

Drill Results at Bakan

RNS Number:5471A
Avocet Mining PLC
29 March 2006

Avocet Mining Plc

29 March 2006

DRILL RESULTS CONFIRM RESOURCE POTENTIAL AT BAKAN

Avocet Mining PLC ("Avocet" or "the Company") is pleased to announce continued
exploration success from the Bakan District in the Company's 80% owned Mongondow
Contract of Work (CoW) in Indonesia, on which the Company's North Lanut mining
operation is located. The Bakan District is approximately 25km from North Lanut
and is the main new initiative in the Mongondow CoW with the potential for the
discovery of a significantly larger deposit than the Company's initial target of
500,000 ounces.

Following the results of scout drilling reported on 11 July and 16 November
2005, Avocet has focused on defining the gold resource hosted by the Durian and
Osela prospects in the Bakan District. The Company has recently completed a
27-hole (3,511.2 metres) resource-definition diamond drilling programme at
Durian. This programme, drilled on 50-metre centres, has confirmed continuous,
oxidised, high-sulphidation epithermal mineralisation over a minimum strike
length of 600 metres, width of 100-150 metres and depth of up to 150 metres from
surface.

Table 1 summarises the significant intersections, including 78m at 2.47 g/t Au,
58m at 1.88 g/t Au, 86m at 1.40 g/t Au, 79.3m at 1.56 g/t Au and 29m at 3.56 g/t
Au. The higher grade intercepts occur where NW-striking faults intersect the
NNE-trending ridge that hosts the deposit. There is also a zone of higher-grade
mineralisation (> 2 g/t Au) at 10-50 metres depth along the ridge. This will
have a positive impact on the economics of any resources.

The style of mineralisation at Durian is similar to that at the Company's Riska
deposit, currently being mined at North Lanut. Metallurgical test work is
underway to confirm preliminary results that show the ore is amenable to the low
cost dump leaching process employed at North Lanut. Like Riska, Durian is
situated on a ridge, which minimises the potential waste to ore stripping ratio.

Drilling rigs are currently undertaking a similar first-phase, resource
definition programme at the nearby Osela prospect. This should be completed by
the end of May. Formal grade modelling in June will allow us to report indicated
and inferred resources in the summer of 2006. A second-phase drilling programme
for grade-infill, metallurgical and geotechnical purposes will follow in the
second half of 2006. Avocet is targeting a minimum 500,000 ounce resource base
for the development of a new mine in the Bakan District by 2008. The Bakan
District has the potential for the discovery of a significantly larger deposit
than the Company's initial target of 500,000 ounces being discovered on account
of additional mineralisation already identified in the Camp and Main Ridge areas
(see press release of 11 July 2005).

Avocet is a mining company listed on the AIM market of the London Stock
Exchange. The Company's principal activities are gold mining and exploration in
Malaysia (as 100% owner of the Penjom mine, the country's largest gold
producer), Tajikistan (as 75% owner and operator of the ZGC, Tajikistan's
principal gold mine), and Indonesia (as 80% owner of the North Lanut gold mine
in North Sulawesi). The Company has a number of advanced mining and exploration
projects in Asia and owns 29% of Dynasty Gold Corporation, a Canadian listed
exploration company active in Western China.

All references to resources and exploration results have been approved for
release by Mr Peter Flindell, BSc (Hons) MAusIMM, Chief Geologist for Avocet,
who has more than 20 years experience in the field of activity concerned and is
a Competent Person as defined by the JORC Code (2004). He has consented to the
inclusion of the material in the form and context in which it appears.

For further information please contact:
Avocet Mining PLC
John Catchpole (Chief Executive)
Jonathan Henry (Finance Director)
020 7907 9000
www.avocet.co.uk


Table 1: Recent significant drillhole intersections from the Durian Prospect

Hole East North RL Azimuth Dip Depth From To Interval Grade Comments
ID (m) (m) (m) (degrees) (degrees) (m) (m) (m) (m) (g/t Au)

BKD038 645204 62452 750 270 -55 90.3 16.0 36.0 20.0 0.95

BKD039 645139 62402 754 270 -65 190.7 44.0 184.0 140.0 0.72 incl. 4m @ 4.13 g/t Au from 58m

BKD040 645181 62501 752 270 -60 141.2 6.0 46.0 40.0 0.81

BKD041 645181 62550 750 270 -65 109.0 4.0 109.0 105.0 0.84 incl. 2m @ 5.85 g/t Au from 28m; and
6m @ 3.16 g/t Au from 54m

BKD042 645190 62649 755 270 -65 148.2 12.0 50.0 38.0 0.61
84.0 122.0 38.0 0.76

BKD043 645006 62248 734 90 -55 160.4 10.0 32.0 22.0 0.88

BKD044 645071 62354 727 90 -60 139.3 1.4 12.0 10.6 1.28
34.0 68.0 34.0 1.06
74.0 122.0 48.0 0.54

BKD045 644915 62265 754 215 -60 91.7 11.0 22.0 11.0 0.77

BKD046 644922 62260 753 90 -60 140.0 2.0 22.0 20.0 1.51
82.0 102.0 20.0 0.78

BKD047 645163 62451 751 270 -60 90.0 18.0 48.0 30.0 0.53

BKD048 644980 62152 757 90 -65 136.6 3.0 32.0 29.0 0.49
58.0 124.0 66.0 0.77

BKD049 645218 62550 735 270 -55 182.5 41.0 57.0 16.0 0.73
80.0 99.0 19.0 1.03

BKD050 645006 62195 750 215 -55 95.0 0.0 78.0 78.0 2.47 incl. 35m @ 4.73 g/t Au from 12m

BKD051 645058 62251 751 90 -55 145.0 58.0 64.0 6.0 1.70
74.0 120.0 46.0 0.53

BKD052 644949 62205 744 90 -55 171.6 11.0 38.0 27.0 1.08
44.0 63.0 19.0 0.43

BKD053 645222 62500 738 270 -50 99.1 13.0 56.0 43.0 1.24 incl. 6m @ 4.31 g/t Au from 47m

BKD054 645036 62201 755 90 -70 153.6 12.0 70.0 58.0 1.88 incl. 16m @ 4.72 g/t Au from 38m
114.0 153.6 39.6 0.69

BKD055 645015 62150 769 90 -65 163.7 18.0 76.0 58.0 1.66 incl. 6m @ 2.29 g/t Au from 33m; and
12m @ 3.42 g/t Au from 53m
105.0 135.0 30.0 1.07 incl. 4m @ 2.88 g/t Au from 115m

BKD056 645180 62605 758 270 -70 126.2 2.0 88.0 86.0 1.40 incl. 23m @ 3.53 g/t Au from 26m

BKD057 645181 62401 747 270 -55 130.9 41.0 65.0 24.0 1.16 incl. 4m @ 2.76 g/t Au from 49m
101.0 125.0 24.0 0.78

BKD058 645005 62099 759 90 -55 72.0 41.0 67.0 26.0 0.42

BKD059 645090 62302 765 270 -65 107.0 18.0 65.0 47.0 0.48
78.0 90.0 12.0 1.37 incl. 4m @ 2.51 g/t Au from 84m

BKD060 645233 62600 733 270 -55 79.2 64.0 79.2 15.2 0.45

BKD061 645117 62350 759 90 -65 121.3 42.0 121.3 79.3 1.56

BKD062 645221 62650 742 270 -60 142.6 2.0 42.0 40.0 0.77
123.0 129.0 6.0 2.77 incl. 3m @ 4.66 g/t Au from 124m

BKD063 645103 62401 745 270 -70 137.0 30.0 59.0 29.0 3.56 incl. 13m @ 6.70 g/t Au from 44m
65.0 124.0 59.0 0.87 incl. 9m @ 2.84 g/t Au from 69m

BKD067 645169 62307 750 270 -55 147.1 15.0 40.0 25.0 1.28 incl. 7m @ 2.43 g/t Au from 31m
62.0 81.0 19.0 0.53

Notes: Individual gold assays have a top cut of 100 g/t Au for intercept calculations.
All holes are drilled from surface using conventional triple-tube diamond drilling techniques.
Core recoveries exceed 95% for all mineralised intervals reported.
Holes 064, 065 and 066 are drilled at Osela.



This information is provided by RNS
The company news service from the London Stock Exchange

END
DRLEAKDPADSKEFE_SN_RNS5471A_SU_RNSTEST_XX_070115.2338_RZ__RT_R.xRoute.001
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[holdontightuk] 29/3/2006 00:20

ori, eum, mcr are all lagging here. ori and eum are tsx as well, so why? good companies imo, but apparently fully priced for now!

[mald0n] 28/3/2006 22:39

Incredible news !!

[holdontightuk] 28/3/2006 22:34

PCL.V up 25% today.....expect move up to 30c ish maybe slightly higher (35-40c) next 2 weeks, for potentially a "bagger".

[holdontightuk] 28/3/2006 20:59

JSE LIMITED DECLINES TO SUSPEND TRADE IN SIMMERS SHARES The JSE Limited today advised Simmers that it had declined a request made on behalf of Vulisango (Pty) Ltd, a shareholder in Jaganda (Pty) Ltd, which holds approximately 44% of Simmers, to suspend trade in Simmers shares. Johannesburg 28 March 2006

[holdontightuk] 28/3/2006 11:11

Pacific North West Capital Corp.

News Release March 27, 2006 Toll Free 1-800-667-1870



New Resource Estimate Expands River Valley Resource
River Valley PGM Project, Sudbury, Ontario

PDF

March 27, 2006 -- Vancouver, BC -- Pacific North West Capital Corp. (TSX: PFN) is pleased to report an increase in the mineral resources on its River Valley PGM Project, located near Sudbury, Ontario.
Table 1: Measured and Indicated Resources of 30.5 million tonnes containing 953,900 ounces of palladium (0.97 g/t), 329,500 ounces of platinum (0.34 g/t) and 59,500 ounces of gold (0.061g/t) with an additional 2.3 million tonnes containing 67,000 ounces of palladium (0.87g/t), 23,800 ounces of platinum (0.31g/t) and 4,000 ounces of gold (0.05 g/t) of Inferred Resources using a 0.7 g/t cut off (pt/pd).

Table 2: Containing Higher Grade Measured and Indicated Resources of 19.3 million tonnes containing 733,000 ounces palladium (1.18 g/t), 245,100 ounces of platinum (0.39 g/t) and 43,600 ounces of gold (0.07 g/t) with an additional 881,000 tonnes containing 38,400 ounces of palladium (1.36 g/t), 13,100 ounces of platinum (0.46 g/t) and 2,100 ounces of gold (0.07 g/t) of Inferred Resources using a 1.0 g/t cut off (pt/pd).

The updated mineral resource estimate was completed by Ron Simpson of Geosim Services Inc., in conjunction with John Londry, VP Exploration for PFN. Resource block modeling was carried out by Geosim based upon geological modeling conducted in-house by PFN, and incorporated all diamond drilling to March 31st, 2005 (86,557 metres of drilling and 422 drill holes). An additional 3,000 metres of diamond drilling has been completed since that time, which was focused on testing new geological targets that may have potential to expand the resources in the future. Final assay results are pending and are expected within the next 30 days.

A technical report detailing this new 43-101 compliant resource will be filed on www.sedar.com within 45 days. With the recent increase in the price of platinum @ $1,065 /ounce and palladium @ $312/ounce the Company continues to be encouraged with these results; however there is no assurance that this resource will prove to be economic.

A summary of the mineral resources follows. The summary uses a 0.7 g/t cut off grade. Table 2 uses a significantly higher cut off of 1.0 g/t.

[holdontightuk] 26/3/2006 23:30

Call-logger, or anyone else....I have a performance summary XL spreadsheet I would like to put in the Header....can I do this and if so how?

[holdontightuk] 26/3/2006 16:39

From stockhouse.com.....

SUBJECT: Aton has $1.30 target. Posted By: CalifDreaming
Post Time: 3/20/2006 13:29
« Previous Message Next Message »

28 February 2006, Tuesday
European Minerals. Announces $50mn bought-deal financing to fund mine development
European Minerals said yesterday it would raise C$57.7mn ($50mn) through the sale of a block of shares in order to fund development of the Varvarinskoye gold deposit in Kazakhstan and for general working capital. The shares are being bought by a syndicate of banks for resale on the open market.

The company said the syndicate would buy 55mn "units," each consisting of one common share and half of one common share purchase warrant, with each whole warrant exercisable at C$1.55 per common share for five years. The underwriters are also entitled to a greenshoe option to purchase up to 15% of the units offered in the bought deal for a period of 45 days.

We yesterday initiated coverage of European Minerals, which we see as one of the more interesting gold plays in Kazakhstan. The key issue for European Minerals is its ability to keep development of Varvarinskoye on track and on budget, and hence yesterday's news adds to expectations that Varvarinskoye can launch operations as scheduled in 2Q07, with a full year of output in 2008.

We reiterate our Buy recommendation on European Minerals, with 40% upside to our end-2006 target price of $1.30.

© LLC Aton, 1996-2006. All rights reserved.

[holdontightuk] 26/3/2006 16:35

From stockhouse.com.....

SUBJECT: Hidden Jem Posted By: howey1
Post Time: 2/25/2006 11:49
« Previous Message Next Message »

Oriel Resources (ORL, TSX) -Bottom Fishing Alert

It's not easy finding a bottom fishing opportunity within the mining sector at the best of times – never mind being in the midst of a bullish metals market.

I've had my eye on Oriel Resources since it first started trading on the TSX about a year ago after having found good support in Europe on London's AIM market. Surprisingly, no sooner did they get a isting in Toronto when the stock promptly opped like a rock thanks to a large nstitution who needed the cash and couldn't ait out the two years for the strategy to unfold.

Too bad for them, but fantastic for investors today.

Oriel is very much in a similar position as European Minerals was last summer when the market was waiting to see if they really would progress with their high potential Varvarinskoye gold project. After watching European for 2 ½ years ourselves, the market at large is just now connecting the dots, gold will be produced in 2007. We have been well rewarded for our patience and foresight and have enjoyed triple digit returns from our investment with a lot more to come in the future.

Oriel looks to be the next one ready to make a move over the coming months.

With Oriel trading at just 55 cents and their chromite mine starting construction this summer – this stock is set to start attracting more attention in the market place.

Before we reexamine the nuts and bolts of this deal, it's important to reiterate for our new subscribers a basic truism of small cap mining plays. Once a company has proven they have a valuable asset and the next stage is mine development, the stock will sit dead in the water until a mine has actually begun to be built.

You can have all the world class engineering reports and top shelf financial institutions behind you to your hearts content, but the market at large is very fickle. Investors want to be convinced beyond a shadow of a doubt revenues will be flowing within a short time frame before they drop a cent on a junior mining play.
I can appreciate that point of view however as most folks usually don't see 100% returns which go on to even higher stratospheres over time. The thing is, you have to know that the management team has the expertise and financial backing to get the job done or you end up with pie on your face which most investors do. Consequently, people don't come to the party until well after it's started.

Anyway, here's the bottom line: Get in early, be patient, and expect dull activity in the early stages of with these type of plays.

So let's take a look at Oriel.

The company is readying itself to break ground this summer on its "cash cow" chromite mine. I would expect this stock will see a rise in price as the news flow begins to detail the mine construction and the production forecasts become more of reality as the company targets production early next year.

The mine is estimated to cost around US $50 million to construct and will generate US $85 million is gross revenues each year – for at least 25 years! Oriel could net a cool US $36 million a year from operations or CDN 20.5 cents per share.

Using conservative price/earnings multiple of 8X, Oriel should be trading easily at $1.60 by the time production is in full swing. About a triple from today's price.

Oriel already has $40 million in the bank so getting the financing on the balance will be a slam dunk. And it's important to note, there will be no further dilution with the number of shares issued.

Sometime in 2007 I expect we will have taken profits with Oriel and will be holding "free stock" as we have with many of our other plays – our original investment dollars will be off the table with some profits and we will have some shares left over to hold for future gains. And looking down the road a little further, Oriel's prospect's become even brighter.

By mid 2009, the company plans to ramp up their nickel production at the Shevchenko deposit. Last December the company announced that the feasibility study conducted by Batmen Minerals confirmed this deposit will be a low cost nickel producer which could have a mine life of an incredible 47 years.

Operating costs over the first ten years are estimated to be $1.91/pound of nickel and $2.36/pound over the life of the mine. With nickel prices hovering around $6.80/pound right now, the 45 million pounds of estimated annual production over the first ten years alone look truly awesome.

This nickel property is truly world class in its scope and potential. Though I expect an easy triple in Oriel's share price just based on the chromite deposit, the nickel side of the business has the potential for a ten bagger. Though don't expect Oriel to pull this project off alone.

With capital costs of US $594 million to build this mine, they will need at the very least a major company to joint venture this project, if not a total buy out of the Shevchenko nickel project.

As an interesting aside, Oriel is still trading on the London AIM market where the majority of their original shareholders bought their shares. One large hedge fund doing business in the UK is RAB Capital who are also seeing a winner here with Oriel. RAB now holds 16.91% of Oriel's shares.

Oriel is my top junior mining pick for triple digit gains.

[holdontightuk] 26/3/2006 13:47

SUBJECT: BTP in London England April 10-11 Posted By: mediablitz
Post Time: 3/24/2006 21:11
« Previous Message Next Message »



Will be presenting at the mining forum.
Click "presenting companies" in the top right hand corner.

[holdontightuk] 26/3/2006 13:46

From Stockhouse.com, Beartooth Platinum thread......

SUBJECT: US Global Investors likes BTP Posted By: mediablitz

Post Time: 3/24/2006 21:50
« Previous Message Next Message »

Many of you have seen Frank Holmes, head of US Global on CNBC. He is a heavy hitter and can move stocks.
Page 70> Platinum Metals Portfolio 2,180,000 BTP
Page 78> Metal & Mining Portfolio 2,076,500 BTP


He seems to pick winners, or else he is a great promoter, probably a bit of both.

[call-logger] 26/3/2006 10:49

Ah, I see you've sussed it

[call-logger] 26/3/2006 10:48

HOT, I can only think that you've mistyped something or missed out a ' or a bracket.

HTML can be very unforgiving

[holdontightuk] 26/3/2006 10:43

Thanks....when you say type it, I have tried this and all that comes up is a link?

[call-logger] 26/3/2006 09:50

To display a chart in the header you would need to type



<img src = 'http://www.advfn.com/p.php?pid=staticchart&s=TX^AAB&p=5&t=1&dm=0&vol=0&cb'>



where you want the chart to go.



The epic is the only thing you need to change. Note that TX^ is used for the Toronto Exchange rather than .V. For the LSE stocks you need to change that to L^ eg L^PLAA



Note you may find that the lines merge into one big mess. To stop that you just need to type <br><br>

where you want to start a new line

[call-logger] 26/3/2006 09:40

HOT, here's EUMStockSymbolPurchase PriceChartEuropean Minerals EUM.L50p

[holdontightuk] 26/3/2006 00:59

The reasons I purchased BMGX are the royalty programme, the exploration potential and the current mkt cap in gold bull market....see below link...

[holdontightuk] 26/3/2006 00:45

TAG "partner" accepts payment in shares ..... must be positive!

ISSUE OF EQUITY

Taghmen Energy Plc ("Taghmen" or the "Company"), an independent oil and gas
exploration, development and production company focused on Latin America, today
announces that 311,688 new ordinary shares of US$0.10 each have been issued and
allotted at a price of 55 pence per share to Terra Seis (Malta) Limited in
consideration for commercial services relating to the acquisition of seismic
data on the Company's Guatemalan operations.




20th March 2006

For further information, please contact:

Taghmen Energy Nicholas Gay, [e-mail] [phone]
www.taghmenenergy.com President & CEO

Pelham Public Relations James Henderson [e-mail] [phone]
Charles Vivian [e-mail] [phone]





This information is provided by RNS
The company news service from the London Stock Exchange
END

IOESEMFISSMSEID

[holdontightuk] 26/3/2006 00:39

EUM production funding now completed....