Henderson Opportunities Share Discussion Threads

[holdontightuk] 12/4/2006 17:19

Pacific North West Capital Corp.

News Release April 12, 2006 PFN.TSX PAWEF.OTCBB
Toll Free 1-800-667-1870


PDF

Pacific North West Capital Acquires Goodnews Bay

Platinum Project, Alaska



April 12, 2006, Vancouver, BC -- Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF), is pleased to announce that it has acquired a 100% working interest in a long-term lode exploration and mining lease on the Goodnews Bay ultramafic Platinum Complexes located on the west coast of Alaska, south of Kuskokwim Bay on the Bering Sea, approximately 550 air miles south-southwest of Anchorage. The Goodnews Bay Project is located near year round ice free tidewater and the village of Platinum, which has a public airstrip.


The mining lease, with Calista Corporation, encompasses an area of interest comprising about 82 square miles (212 square kilometres). Previous placer operations in the streams draining the project area produced approximately 600,000 troy ounces of platinum.

PFN's exploration program will focus on the search for economic lode platinum mineralization in the ultramafic intrusive complex which is believed to be the source of platinum placer deposits.

Previous work has included several methods of airborne and ground geophysics, geologic mapping, rock and soil sampling which have delineated a number of untested exploration targets.




Zones of anomalous platinum, up to 1.3 g/t Pt, were delineated at Susie Mountain by soil sampling and are coincident with magnetic highs and with resistivity lows detected by geophysical surveys. Geophysical surveys also delineated deep electromagnetic anomalies at Red Mountain where up to 3.3 g/t Pt was detected in soils.

The Goodnews Bay Project represents a clearly defined platinum exploration target for PFN in an area where there has been significant platinum production. PFN is very pleased to be working with Calista in order to further explore this promising area.

Generalized geologic map - Goodnews project area


Agreement Terms
Under the Agreement, PFN is required to make cash payments of US$300,000 and incur exploration expenditures of US$1.95 million over the next five years. PFN has elected to expend the required US$200,000 - 2006 exploration expenditures. PFN shall have until December 1st of each year the Lease is in effect to commit to the following year's exploration expenditures.

After PFN has completed US$1.95 million expenditures on the Property, it shall have a grace period of two years without obligation to perform additional work commitments, after which it will be required to expend a minimum of US$700,000 per annum, until a Feasibility Study is completed.

Once PFN completes a Feasibility Study PFN shall have no further work obligations for a subsequent period of four years in addition to the time remaining of the grace period of two years. After 5 years, PFN will continue to make cash payments of US $100,000 until such time as the Feasibility Study is completed. Upon completion of a Feasibility Study and until such time as the Commencement of Commercial Production PFN will make cash payments of US $250,000 per annum. In addition, PFN will donate US$5,000 to the Calista Corporation Scholarship Fund each year the Lease is in effect, until such time as a Feasibility Study is completed at which time the donation shall increase to US$10,000 per year.

PFN will pay a NSR to Calista of 1.5% from the Commencement of Commercial Production until the payment back of all capital expenditures or five years, whichever is the shorter; thereafter the royalty shall be tied to the price of platinum. During the Lease PFN shall use best efforts to hire and/or contract Calista shareholders and subsidiary companies. Upon receipt of the Feasibility Study, Calista shall have one hundred and eighty (180) days in which to elect to acquire up to fifteen percent (15%) but in no event less than five percent (5%) operating interest in the Project. At the time Calista elects to acquire an operating interest Calista shall pay the joint venture an initial contribution of two hundred percent (200%) of the agreed-upon pro-rata portion of exploration costs incurred by PFN, minus Anniversary Cash Payments and scholarship contributions paid to Calista.

Calista Corporation is the second largest of the 13 regional Alaskan Native corporations formed in 1971 under the Alaska Native Claims Settlement Act (ANCSA).

Calista Corporation's land entitlements exceed 6.5 million acres in Southwest Alaska and contain some of the most mineral rich deposits in Alaska including Goodnews Bay (platinum) and Donlin Creek with a 28-million ounce drill-indicated gold resource. Headquartered in Anchorage, Alaska, Calista Corporation's region originally enrolled 13,300 native shareholders and currently contains 56 villages with a total population of 20,000 people. For more information on Calista visit their website www.calistacorp.com.
Goodnews Bay pictures


Dredge tailing from air looking north


chromite_and_magnetite


Goodnews Bay mine camp


Pt and Au nuggets




About Pacific North West Capital Corp.

Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF) is an exploration and development company focused on platinum group metal projects in North America. PFN is currently exploring the River Valley Project (joint ventured with Anglo American Platinum Corporation Limited ("Anglo Platinum"), the world's largest primary producer of platinum). Anglo Platinum has committed over $18 million to the River Valley Project to date and may earn a 65% interest by funding it through to production. PFN is the Project Operator. In late 2004 PFN established a Nickel Division and currently has an Option / Joint Venture in the Timmins Mining District with Falconbridge Ltd. An extensive geophysical and ground proofing exploration program has recently been completed, PFN has expended approximately $1.4 million on the project to date. Exploration plans for 2006 are expected to be finalized by the end of April.

PFN is currently involved in an aggressive acquisition phase of its development and plans to add several new PGM and base metal projects to its portfolio in 2006. The Company has approximately $3.5 million in working capital and no debt.



On behalf of the Board of Directors

"Harry Barr"
Harry Barr, President & CEO

[holdontightuk] 12/4/2006 13:07

Battle Mountain Receives $6.9 Million

Apr 10, 2006 (Hugin via COMTEX) -- RENO, Nev., April 10, 2006 (PRIMEZONE) -- Battle Mountain Gold Exploration Corporation ("Battle Mountain Gold") (OTCBB:BMGX) is pleased to announce that it has successfully sold 11,750 ounces of gold at $587.90 per ounce for total proceeds of $6,907,825. The proceeds of the gold sale will be used to fund part of the $21,850,000 acquisition of IAMGOLD's gold royalty assets (the "Acquisition").

The eleven gold royalties include:
+ a 0.72% NSR on the Williams Mine,
+ a 3.00% NSR on the El Limon Mine,
+ a 3.00% NSR on the Don Mario Mine, and
+ a 1.25% NSR on the Dolores reserve.

Please refer to the November 28th, 2005 press release for additional details.

The Acquisition is expected to close no later than April 12th, 2006.

About Battle Mountain Gold Exploration Corp.

Battle Mountain Gold Exploration Corp. (OTCBB:BMGX) is a gold royalty company with a portfolio of thirteen producing, developmental and exploration stage properties in the Americas and Africa.

On behalf of the Board of Directors,

Mark Kucher

Chairman and CEO

[holdontightuk] 12/4/2006 10:48

RNS Number:4048B
Taghmen Energy PLC
12 April 2006


TAGHMEN ENERGY Plc

Contract for New Licences Signed in Colombia

Taghmen Energy Plc ("Taghmen" or the "Company"), an independent oil and gas
exploration, development and production company, focused on Latin America and
which listed on AIM in January 2005, is pleased to announce that the contract
for the Midas licence was signed at the offices of the Colombian National
Hydrocarbons Agency (ANH) on Wednesday 5th April 2006. The award of the licence
was announced in a press release on 15th February 2006.

At the same time Taghmen entered into an agreement to acquire an indirect 65%
interest in a second licence in Colombia that was awarded on the same day and
was the subject of a press release on 20 February 2006.

Summary of Licences

The licences in which Taghmen has obtained an interest are known as "Midas" and
"La Paloma" and are situated in the Middle Magdalena Valley Basin in Colombia
and are adjacent to producing fields.

Taghmen is the operator of the Midas licence and holds a 70% interest. It is
planned to shoot and reprocess approximately $1.5 million of 2D seismic late in
2006. Several leads have been identified which provide the potential for
recoverable reserves of up to 90 million barrels (63 million net to the
Company). The initial work programme for Midas covers a six year time frame. It
is possible to relinquish a portion of the contract area at the end of each
year.

Taghmen will not operate the La Paloma block and will derive its interest from a
shareholding in one of the joint venture participants. The Company has
identified several leads that could contain potential reserves of 20 million
barrels (13 million net to the Company). The initial work programme covers a
four year time frame with approximately $1 million in the first year related to
new 2D seismic acquisition and reprocessing of existing data.

The licences will be governed by a newly updated ANH contract, which eliminates
the Colombian Government's right of "back in" and reduces the level of taxation
from that which previously existed.

Nicholas Gay, CEO of Taghmen Energy Plc commented:

"We are pleased the licences have been signed and that we have now established a
presence in Colombia with the potential to add up to 76 million barrels net to
Taghmen"



12th April 2006

[holdontightuk] 10/4/2006 22:09

(Here is what Steve Saville says):

Mawson Resources (TSXV: MAW), a company focused on exploring for uranium and gold in Sweden.

MAW's primary focus is on uranium and the company has several prospective uranium projects in Sweden. The company reports a POTENTIAL resource, based on historical data, of 130M pounds of uranium oxide (U3O8) across three of its projects. Here's the breakdown:

- Tasjo: 116M pounds
- Duobblon: 11.6M pounds
- Klappibacken: 2M pounds

None of the above resource estimates currently meet NI 43-101 requirements so they should not be relied upon for valuation purposes. They are, however, based on extensive exploration work carried out in the past. The resource potential estimated for the Tasjo project, for example, is based on the results of 190 drill holes.

The main reason we are going to add MAW to the TSI Stocks List at this early stage of development is that the company's market valuation is low enough that it will be a value proposition even if the actual resource proves to be only one-quarter the current 'guesstimate'. To be specific, MAW's current market cap is US$26M (26M shares at C$1.16/share), so if the resource turns out to be only 30M pounds of U3O8 then MAW would still be trading at less than US$1 per pound of in-ground uranium. This is much lower than most exploration-stage uranium companies.

Another reason to be adding MAW to the Stocks List at this time -- in the face of considerable general market risk -- is that the stock does not look risky from a technical perspective. As evidenced by the following chart, MAW rocketed higher between the beginning of November and the middle of January but has since been consolidating. It has retraced about 50% of its spectacular run-up and has strong support within 15% of Friday's closing price. Barring a total collapse in the resource sector of the stock market, a drop back to support at around C$1.00 probably describes the maximum downside potential over the next few months.

In our opinion, the two main risks associated with MAW are:

1. Geological: At this early stage we can't be confident that the quantity or quality of the resource will be sufficient to enable uranium to be profitably mined.

2. Political: Sweden's current government does not favour uranium mining.

Taking into account the opportunities and the risks, we think MAW is a reasonable speculation within 10% of Friday's closing price (C$1.16).

[holdontightuk] 07/4/2006 10:07

PARTNER TO SPEND CDN$2.5 MILLION ON MAWSON¡¦S REGIONAL GOLD PROPERTIES

Vancouver, Canada ¡V Mawson Resources Limited (¡§Mawson¡¨) TSXv ¡V MAW; Frankfurt ¡V MRY. Mr Michael Hudson, President & CEO, is pleased to announce that Mawson, through its 100% subsidiary Mawson Sweden AB, has signed a Letter of Understanding (LOU) with TSX Venture Exchange listed company First Fortune Investments Inc (¡§First Fortune¡¨) to establish a Joint Venture to explore part of Mawson¡¦s extensive claim portfolio in the Skellefte Mining District of Northern Sweden. The Joint Venture covers 53,197 hectares within eight individual exploration claims.

A summary of the LOU terms follows:
• First Fortune has the right to earn 70% of all discoveries made on the Joint Venture claims;
• As consideration, First Fortune commits to CAD$2.5 million exploration expenditure over 4 years with minimum expenditure of CAD$0.3 million in both years one and two.
• Once First Fortune has earned its 70% interest both parties must contribute according to their equity interests to advance the properties.
• If either party elects not to contribute, then standard industry dilution formulas will apply down to a 5%
interest at which point the interest would convert to 2% net smelter royalty.
• Mawson will act as manager of the exploration program.
Mr Hudson comments, ¡§The proposed joint venture over eight regional gold projects is a significant step forward for Mawson. The Company can now more rapidly advance its substantial uranium portfolio, together with the Vargbäcken- Middagsberget gold project. The deal also allows Mawson to take full advantage of new exploration opportunities.

Through joint ventures, over the next four years, Mawson has secured commitments in excess of CDN$1 million per year from third parties to earn equity in the Company¡¦s non-core mineral assets in Sweden. This sharing of risk provides Mawson with exposure to additional exploration funding and greatly increases the chance of participating in a major discovery. We welcome First Fortune into Scandinavia and look forward to a long and successful relationship with our new joint venture partner.¡¨

[holdontightuk] 07/4/2006 09:24

courtesy of MiningNews,

Mercator flags 2007 production

Ben Sharples
Friday, April 07, 2006

MERCATOR Gold is looking to establish around 600,000 ounces in mineable resources at its Meekatharra ground before kicking off production in the first half of 2007, and believes the "under-explored" region could potentially host up to 5 million ounces.



"Profitable and sustainable production is our target and the sustainability is something what some of the past players did not achieve up here," Mercator exploration director Julian Vearncombe told delegates at Paydirt's Gold Conference in Perth yesterday.

Mercator picked up its prized Meekatharra assets from St Barbara Mines last year for $A21 million, which included a 2-3 million tonne per annum treatment plant.

"We have a database that we have inherited, that were we to go collecting that data this year would cost us $150 million, it has been seriously underutilised," Vearncombe said.

"What we are doing in 2006 is re-establishing the integrity of that imperfect data, we are targeting raising our resource base from 1.9Moz to something like 5Moz, we're looking to improve our mineable resource base to 600,000oz prior to going into production."

Mercator is looking at spending more than $4 million to increase the resource at the Bluebird project this year, and will spend a further $5.4 million re-commissioning the existing mill.

"It [the mill] last operated in May 2004, it has an excellent record of care and maintenance ... and it has the capacity for 3Mt of oxide ore, dropping to about 2Mt for primary ore," Vearncombe said.

"We anticipate being able to go into production with no debt ... we will not be forced into any hedging, it will be entirely at the company's discretion.

"The province of the Murchison is very much neglected, it didn't see the exploration through the late 80s and early 90s that the Eastern Goldfields saw, and as a result it appears to have a much lower endowment.

"This is the product of management decisions and not necessarily the geological feature

[holdontightuk] 06/4/2006 22:22

GALANTAS


Galantas: Irish Gold finally comes to London
By the Proactiveinvestors.com team.

Vital statistics Epic: GAL (TSX)
Shares Issued: 126.3 million
Share Price: 20 cents
Market Cap: $24.6 million (£12 million)
1 Year Range: 9c-20c
Sector: Precious Metals
News: Latest
Website:
Other Articles:





Do you know many gold companies are listed on AIM? Neither do I exactly (around 50 and counting) but it's a pretty crowded part of the resource sector. So here we go, another gold company coming to AIM, whoopee............

Hang on a minute, Galantas isn't looking for gold is Zazkaigrilantostan! I thought all the gold in the world was in the 'stans' or Russia or China? By the look of the companies coming to the London markets over the past few years you would be forgiven for thinking this to. In fact, some of the most prolific gold producing areas in the world are not in Eurasia, they are actually in places like North, Central and South America and Africa; if you look hard enough, you will find gold explorers in just about every nook and cranny on the planet.

There certainly is no shortage of gold in the ground, the big problem most companies have is finding it in high enough grades and large enough quantities to justify the construction of the mine - a company that claims to have found a gold anomaly with high grade intersections is still a long, long way off from ever being a producer. Sorry if we sound a bit pessimistic, but until a company has a very advanced stage gold deposit which has been drilled to death, the risks are very high.





However, gold explorers can be incredibly exciting companies to watch. From the first soil anomalies and magnetic targets right through to the bank feasibility study and first pouring of gold, this sector offers a expansive mix of risk and reward which is hard to find in any other sector, anywhere. Because of this large mix of companies spread all over the globe, it also makes it easier for investors to research heavily and find comparative companies that should help make more informed decisions on valuations, risk/reward ratios, country risk etc – the sheer size of the gold sector makes it the topic of entire web-sites and bulletin boards and allows the investor to get very intimate with the gold market.

For investors who are intimate about gold, a company like Galantas actually stands out a mile from it's peers. Why does it stand out? Not because it has a massive high grade deposit that will attract the majors, but because the mine is located in Northern Ireland and the company has spotted the added potential of selling Irish trademarked gold jewellery.

Ireland currently has no gold mines. This seems a bit peculiar when you think of the folk-lore of pots of gold at the end of the rainbow held by those sneaky leprechauns! Actually, the folk-lore is partially correct: Ireland does have gold, its just in recent times no one has found enough to finance the building of a mine – until now that is.

Galantas Gold is building Irelands first gold mine not too far from Omagh. The company has a 189sq km prospecting licence and is nearing the completion of a fully permitted plant on the Kearney deposit which contains approximately 89,000 ounces of proven and probable gold and a further 267,000 indicated ounces with an combined average gold grade in the 7-7.5g/tonne region. Galantas acquired the license to follow up on an extensive trenching program carried out by Rio Tinto. Since acquiring them, Galantas have drilled 43 shallow depth drill holes to prove up a small resource. The rest of the ore body has yet to be extensively drilled as CEO Roland Phelps priority is getting the company generating revenues for shareholders as soon as feasible. On the current resource, the mine has enough ore to keep it busy for the next 3-4 years whilst Galantas will no doubt do further drilling to move the inferred resource into the proved & probable categories.


The mine plan envisages commissioning of the plant occurring in the 2nd quarter of 2006 (April-June), training of staff, and work up to production based initially on one shift. Assuming all things go to plan, Galantas could produce up to 8,000 ounces of gold in 2006 with the long term production targeted at 30,000 ounces of gold per annum based on three shifts working on the mine 24/7. As infrastructure in Ireland is comparatively excellent to many other parts of the world, the cash cost per ounce will make this a low cost operation. Galantas also has other potential gold targets spotted with a VTEM aerial survey carried out in 2005 and is following up with further trenching, with the hope of eventually finding more drillable targets.

If building a gold mine in Ireland isn't enough to raise a few eyebrows, then the company's plans for some of the gold will definitely do the trick... Galantas is also the trademarked name for a range of jewellery the company intends to market in North America and Europe. In fact, Galantas used the gold collected from a bulk sample last year to create a limited range of jewellery products which it sold generating revenues of approximately Cad $0.5 million.

Some gold bugs will have a problem with a mine operator also running a retail business, but the potential mark up on Irish jewellery would appear to be too good an opportunity to ignore.

Galantas will list on the Alternative Investment Market on the 31st March, 2006.

[holdontightuk] 05/4/2006 21:23

From www.proactiveinvestors.com.....

MERCATOR GOLD PLC


Mercator Gold plc: Could be a mid tier gold player by this time next year
By the proactive team.

Vital statistics Epic: MCR
Shares Issued: 39.12 million
Share Price: 65.5p
Market Cap: £25.62 million
1 Year Range: 115-50p
Sector: Precious Metals
News: Latest
Website:
Other Articles:




Considering their are more than 50 gold explorer and producers listed on the London Stock Exchange and Alternative Investment Markets alone, it should come as no big suprise to investors that with-in this group there are a diverse range of plays on the metal.

Mercator Gold has the unfortunate luck of being a gold play on Australia - unfortunate because Australian companies that have attempted to list in London as a primary listing have often found it hard going in the after market. Australian companies often, somewhat undeservidely, are treated with a great deal of scepticisim because they have floated Australia assets on the LSE instead of the Australian Stock Exchange (ASX) which has a good history of developing mining juniors into mid-teir producers.

Why the scepticism? Well ask any Australian company this question and they will tell you that the city is of the believe that Aussie companies that float in London only do so because they can't raise the money in Australia. If they can't raise the money in Australia then something must be wrong with the assets. Of course this is a very generalised critcism to lay on any company seeking a listing in London from Australia, and their is no real foundation for this, but none the less it is a fact that the Aussie's can find it pretty hard going in London.





The problem is usually compounded by a management team that are mostly based in Australia or wherever their assets are, and as a result don't have much of a presence in London to keep the markets updated to make sure the market doesn't lose track.

However, Mercator aren't at the mining stage just yet, and at present are concentrating on the mine economics whilst making sure they have the right people in place to make the plan happen. Mercator are all to aware that a project of this type requires experienced management. As a result when the company was first formed, is was created around people with a history of taking mining explorers and turning them into mid-tier producers. Mercator are also keen advocates of using the latest modern technology to help identify targets that may have been overlooked by previous operators; and as such are the only company with a 3-D version of the Spadis data analysis program, which is specifically designed to analyse historic drill data in a mathmatical model to identify new high priority drill targets.

Mercator's immediate goals for 2006 include commisioning the plant, which is envisaged to take from June to the end of this year to complete. The company has three drill rigs on site and intends to have a two pronged approach:

1) Shallow depth, tight spaced drilling to move more of the gold reserves into the mineable reserve category so there are at least 4 years of mineable gold identified.
2) Drill targets identified by Spardis to increase the reserves

By doing so, Mercator hope to be able to build up a good short term mineable reserve whilst at the same time continue to expand the size of the known ore bodies. It is certainly possible that Mercator could increase production from 150,000 ounces per annum to as much as 300,000 ounces per annum if enough reserves can be identified. Mercator futhermore still have to carry out additional metallurgical testing and they have to decide how the mine plan will develop going forward as the current ore bodies contain a mix of soft and hard rock at varying grades which must all be extracted to get to the overal head grade in the region of 2+ grams a tonne.

Not an easy task, but Mercator are confident they are up to the task and can implement the mine plan successfully.


The company is unusual in that they already have a mill and sufficient cash in the bank to start production. Unlinke most mining companies, which require bank finance to build a mine, Mercator has the luxury of having no debt moving into production. The mine will operate 24/7 at full production, and cash costs are hoped to be around USD $275 an ounce. To put this in perspective, once in production Mercator would move way up the ladder of producers firmly into the mid-teir range with comparisons to companies like Avocet Mining or Celtic Minerals being likely.

Mercator is a tightly held stock with approx. 92% of the issued capital held by 26 shareholders. The company would like to see more liquidity in the stock, but is aware this will be difficult whilst it is so tightly held. I certainly got the impression that a small dilution may be considered to help liquidity and give the company a little extra cash in the bank for other tasks they would like to carry out at Meekatharra.

On a final note, as I mentioned earlier, London is always sceptical of Austrialian projects listed on the LSE. We had to put the question to MCR, and this was the response we got.

" When we originally bought into the Meekatharra gold field, we knew it was damaged goods. St. Barbara Mines had done very little on their land and were in jeopardy of losing some of the titles if they didn't start putting money in the ground. We took a minority position in an exploration play in a gold field. It was a bit of a hard ask for the ASX, so we pitched it to London as it was very different from anything on AIM as a leveraged position on a gold field. The "big picture" was more attractive to the AIM market than the ASX."

With three drill rigs on site, observers can expect plenty of news flow over the next 6 months, and going forward Mercator has the potential to put a lot of city sceptics to silence if they move this project into production in 2007. Long term, assuming a continued buoyant gold price, Mercator could besitting on a major gold field with large enough reserves to spark even the interest of a major.

[holdontightuk] 05/4/2006 17:01

Pacific North West Capital Corp.

News Release April 5, 2006 Toll Free 1-800-667-1870


PDF

Geological Targets Provide New PGM Intersections
Phase 8 River Valley Drill Results

River Valley PGM Project, Sudbury, Ontario


April 5, 2006, Vancouver, BC

Diamond Drill Program

Pacific North West Capital Corp. (PFN: TSX) is pleased to announce significant drill results for its Phase 8 exploration program
PROGRAM HIGHLIGHTS

New PGM zones in the River Valley Intrusive

PGMs found in internal breccias
Reef-style intersections with PGMs

New Program recommended for Summer 2006


at the River Valley PGM Project. Drilling totaled 3,681 metres in 20 drill holes, each targeted to evaluate new models of mineralization in the River Valley Intrusive (RVI) located east of Sudbury, Ontario.

At least two new platinum group metal (PGM) zones within the RVI have been indicated from mapping and drill testing (See Assay Table). All of these zones appear to be controlled by layering and structures within the intrusive, and were not tested by previous drilling. These new mineralized zones are open along strike and down dip and will require further drilling to evaluate their extent.

[holdontightuk] 05/4/2006 16:28

Press Release : 5th April, 2006

Galantas Gold Corporation
(TSX Venture Exchange : GAL)
(AIM - London : GAL)


Rich Extension (22.24 grammes gold /tonne) to Kearney Vein

Galantas Gold Corporation, a company with a gold mine in development in County Tyrone, Northern Ireland, announces that
channel sampling has revealed an extension of approximately 30m (metres) to the southern end of the Kearney Vein.

Thirty nine of the assays in excess of a cut off of 3gAu/t carried a average gold grade of 22.24gAu/t (grammes
gold/tonne) over an average width of 0.36m. Assays varied from 3.34gAu/t over 0.5m up to 106.24 gAu/t over 0.28m. The
width and grade are within mining parameters set for the Kearney vein and the mineralization will be incorporated within
the first phase of open-pit mining. Using sampling protocols similar to those of Rio Tinto (1988-89), 124 samples were
taken from 23 saw cut channels, at approximately 1m intervals and oriented perpendicular to the vein. A table of the
assay results is reproduced below.

The ore is an extension of the Rio Tinto sampled Kearney vein. For comparison, an analysis of 24m of Rio Tinto (1988-89)
historical channel samples immediately adjoining to the north demonstrated an average gold grade of 24.30gAu/t over an
average width of 1.08m. The Rio Tinto channel samples are considered relevant and reliable and have been used by ACA
Howe (2003 & 2004) for ore reserve calculation purposes. The flotation plant currently under construction at the Omagh
Mine is designed for a mill head grade of 20gAu/t gold.

Mr. M.J.(Moe) Lavigne, P.Geo, is the qualified person overseeing the sampling. Samples were placed in numbered bags,
sealed with cable ties and sent to OMAC Laboratories Limited, Ireland, which is a certified CCRMP laboratory. Thirty
gramme sub-samples were fire assayed with an Atomic Absorption finish, along with 3 standards and 3 blanks. Duplicate
assays were carried out on 10% of samples.

Galantas Gold Corporation is building Ireland's first gold mine on its 189 sq km Prospecting Licence. The corporate aim
is to increase the resource base on the property through exploration and mine development, to expand mine production in
stages, and to add value by marketing and selling certified Galántas ™ Irish gold jewellery.

The table of assays is as follows:-

Omagh Minerals Limited 2006 assays
line 263 Au (g/t) / metre 0.16 / 0.3 5.48 / 0.25 1.46 / 0.4 0.36 / 0.8
line 264 Au (g/t) / metre 0.55 / 0.3 14.56 / 0.3 5.24 / 0.3 0.21 / 0.34 0.13 / 0.85
line 265 Au (g/t) / metre 0.18 / 0.3 18.08 / 0.35 0.46 / 0.65 0.1 / 0.55
line 266 Au (g/t) / metre 0.05 / 0.3 52.00 / 0.26 1.18 / 0.3 0.34 / 0.37 0.14 / 0.57
line 267 Au (g/t) / metre 2.11 / 0.4 46.88 / 0.3 1.52 / 0.6
line 268 Au (g/t) / metre 0.1 / 0.28 0.49 / 0.4 53.28 / 0.42 0.69 / 0.76 0.03 / 0.39
line 269 Au (g/t) / metre 0.49 / 0.33 36.32 / 0.24 1.89 / 0.9
line 270 Au (g/t) / metre 0.06 / 0.3 4.85 / 0.32 0.29 / 0.83
line 271 Au (g/t) / metre 0.05 / 0.3 0.46 / 0.24 0.16 / 0.39 0.01 / 0.4
line 272 Au (g/t) / metre 0.04 / 0.3 1.53 / 0.38 0.35 / 0.65
line 273 Au (g/t) / metre 0.14 / 0.3 7.84 / 0.32 2.47 / 0.42 0.01 / 0.7
line 274 Au (g/t) / metre 0.12 / 0.3 19.64 / 0.49 3.34 / 0.5
line 275 Au (g/t) / metre 0.1 / 0.3 3.74 / 0.26 0.63 / 0.54
line 276 Au (g/t) / metre 0.32 / 0.44 0.19 / 0.3 0.04 / 0.6 0.04 / 1.16
line 277 Au (g/t) / metre 0.01 / 1.22 0.03 / 0.4 0.03 / 0.59 4.46 / 0.35 0.16 / 0.54 0.23 / 0.42 0.03 / 0.6 0.11 /
0.76 0.01 / 0.28
line 278 Au (g/t) / metre 0.31 / 0.35 0.33 / 0.35 3.29 / 0.4 1.31 / 0.3 0.85 / 0.25 12.00 / 0.36 0.11 / 0.7 0.03 / 0.4

line 279 Au (g/t) / metre 0.06 / 0.35 4.60 / 0.72 5.76 / 0.25 0.55 / 0.64 0.03 / 1.08
line 280 Au (g/t) / metre 0.02 / 0.3 5.68 / 0.76 0.75 / 0.28 0.13 / 1.1
Line281 not collected
line 282 Au (g/t) / metre 0.41 / 0.27 3.86 / 0.33 0.09 /0.3 0.03 / 0.46 1.51 / 0.36 26.56 / 0.47 0.85 / 0.8 0.01 /
0.33 0.01 / 0.79
line 283 Au (g/t) / metre 1.33 / 0.36 6 / 0.5 4.64 / 0.3 6.04 / 0.5 22.56 / 0.35 2.11 / 0.56 0.50 / 0.31 59.84 /
0.4 9.96 / 0.28 2.48 / 0.3 0.49 / 0.28
line 284 Au (g/t) / metre 0.17 / 0.33 12.56 / 0.3 55.36 / 0.3 22.56 / 0.44 6.00 / 0.24 2.04 / 0.44 1.7 / 0.43 86.40 /
0.3 0.36 / 0.27 5 / 0.33 9.12 / 0.33
line 285 Au (g/t) / metre 0.53 / 0.23 28.48 / 0.24 11.28 / 0.39 1.71 / 1 0.77 / 0.29 74.08 / 0.44 2.4 / 0.33
line 286 Au (g/t) / metre 0.07 / 0.22 7.16 / 0.24 0.22 / 0.53 0.19 / 0.6 106.24 / 0.28 87.68 / 0.28 8.88 / 0.61
Line 287 not collected


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the
contents of this news release. This press release includes certain "Forward-Looking Statements" within the meaning of
the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are
"Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There
can be no assurance that such statements will prove accurate. Results and future events could differ materially from
those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements".

Enquiries:

Galantas Gold Corporation [phone]
Jack Gunter P.Eng Executive Chairman
Roland Phelps C.Eng President & CEO
Moe Lavigne P.Geo Vice President
Website:

[Abuse team] 03/4/2006 16:28

Post removed by ADVFN

[holdontightuk] 03/4/2006 16:27

Article of Kitco.
Should be good for Yukon Zinc
Zinc prices reaching new heights, Galvanized steel prices follow.
General News - 2006 April 2
Zinc prices increased by nearly 124% over the past 12 months.
From 1300 US$/t average price last year April, 1822 US$/t average for December 2005, the average zinc price in March 2006 reached 2383 US$/t and continued it's march to a current all time high of US$2,550/t. LME zinc stocks reached their lowest level since July 1991, down 26% year-to-date at 290,425 tons.


The main driver of this bull market has been the enormous change in China's net trade for refined zinc.

In 2005, China consumed 2950.000 tons of primary zinc, compared to 2155.000 tons in 2003 and 2490.000 tons in 2004.

In 2005, China needed to imported 392,000 tons, a 65% increase over 2004, to cover this demand.


Also the galvanized steel market is being driven on by continued strong demand, mostly from Asia.

The increased price has a serious effect on galvanized steel prices, which are continuing to climb to present base price of around $660/tonne. Up in Europe by 10% over last 3 months, up in US went by about $100/tonne to US$700/t up in Asia from $550/t to $690/t. Further price increases have been announced.

Demand and strength in prices are encouraging galvanized steel producers to increase production, with this, increasing further zinc consumption, leading to an improvement in zinc premiums up to around US$155-170/t.

Further expansions in galvanized steel capacity are taking place. Near to 3 million t/y of hot dip galvanizing capacity is added by top Japanese producers (mostly in Japan, but also in China). In China, hot-dipped galvanizing capacity is due to increase by 5m t/y in 2006 to more than 20m t/y.

Forecasts are difficult. Inventories are expected to continue to decrease.

While a further increase to 3000 US$/t might not be excluded, some analysts believe that that cash prices might correct to below $2,000/tonne in the second half of the year.

[holdontightuk] 03/4/2006 12:21

March Brokers Note on AVM.....

[holdontightuk] 03/4/2006 10:03

RNS Number:8414A
African Copper PLC
03 April 2006






PRESS RELEASE

3 April 2006



www.africancopper.com



AIM: ACU

BSE: African Copper

TSX: ACU




AFRICAN COPPER Plc

("African Copper" or the "Company")

Dukwe Development Plan Finalized



African Copper is pleased to release a technical report (the "Technical Report")
from its independent consultants A.C.A Howe International Limited ("Howe")
covering all the work that the Company has carried out in 2005/6. The Technical
Report also outlines a development plan for the Dukwe deposit.



* Estimates of the contained copper in the northern 600 metres of the 2,000
metre Dukwe deposit has increased to approximately 600 million pounds of
copper (indicated resources of 39.2 million tonnes at 0.71% Cu with no
cut-off). In the Technical Report Howe recommends an underground
exploration programme to convert the deeper sulphide resources into reserves
that may ultimately to be included in a mining plan. This programme is
estimated by Howe to cost US$ 32 million over a 2 to 3 year period.

* Underground exploration will simultaneously allow access to the near
surface (above 170 m vertical depth) supergene and transition indicated
resources estimated at 4.24 million tonnes at 2.43% Cu, cut and fully
diluted including mining recovery. This material could be used to feed a
flotation concentrator at the rate of 1,000,000 tonnes per year.

* The incremental investment, estimated at US$ 49 million, for the
construction of the flotation concentrator and related facilities (the "
Process Plant") indicates an internal rate of return ("IRR") of 16.9% based
on 100% equity utilizing only the 4.24 million tonnes of near surface
indicated resources. Base case annual production is estimated to be about
44 million pounds of copper for 4.5 years. The IRR and project economics
may be improved by an extension of the mine life.

* Further resources to extend the mine life beyond this initial phase may
exist in the underlying sulphides, and the underground exploration program
to convert resources into reserves will be completed concurrently with
mining of the near surface supergene and transition resources.

Engineering Studies

African Copper has been active throughout 2005 and early 2006 at its Dukwe
Project in north-eastern Botswana conducting a major exploration and engineering
programme. These 2005/06 programmes and future recommended programmes have been
summarized in the report by Howe entitled "Technical Report on the Dukwe Copper
Project and the Matsitama Prospecting Licences Botswana, Africa," dated March
30, 2006 that can be found on SEDAR at www.sedar.com and on the Company's
website at www.africancopper.com. The programmes that have been reviewed
include the following:



* a detailed engineering study focused on a 2,250 tonnes per day ("t/d")
open pit heap-leach solvent extraction-electrowinning ("SX/EW") facility to
treat the near surface oxide, supergene and transition material that exists
within 170 metres of surface;
* process plant design and costing on a 3,000 t/d crushing, ball mill and
flotation plant with dry stacked tailings for treating the supergene,
transition and deeper sulphide portions of the deposit;
* a geotechnical drilling program to define pit-slope stability;

* metallurgical testwork including bench scale flotation batch tests and
locked cycle tests on the sulphide and supergene portions of the deposit;
* further column tests on the oxide and supergene mineralization;
* mining investigations for a selective underground mining operation to
support the flotation plant, including underground access options, mining
methodology and geotechnical testing, design and costing;
* updates of environmental, archaeological, and water resources studies and
permitting applications;
* access road design and construction;

* copper concentrate sales and marketing investigations;

* a 38,000 metre resource definition drill program consisting of
metallurgical holes, twinned and scissor verification holes, and outline and
infill holes.



Dukwe development plan



The Dukwe deposit development plan as recommended by Howe includes:



* underground trial mining and exploration, and

* construction of a flotation concentrator.



African Copper plans to commence the development of the underground access in
early Q3 of this year, subject to arranging appropriate financing and awarding
excavation contracts. This program will allow access to both the near surface
resources (above 170 m vertical depth), and provide a platform for further
exploration of the underlying sulphides. The underground development plan for
Dukwe has been estimated to cost about US$32.3 million.



Howe concludes in the Technical Report that the construction of the Process
Plant can be justified if the current near surface indicated resource is
extracted through the proposed underground exploration access. Howe has
investigated the project economics for the construction of the Process Plant
based solely on the near surface material bearing the full cost of the plant.



The near surface deposit contains high grade supergene and transition indicated
resources estimated at 4.24 million tonnes at 2.43% Cu. These grades and tonnage
include 12.5% dilution at 0.5% Cu cut-off and a 90% mining extraction.
Underground trial mining is required to verify these dilution and extraction
parameters and to move these resources into a reserve category, but this will be
done concurrently with the development of underground access.

The Technical Report proposes that the Company construct a 1,000,000 tonnes per
year processing plant which includes 3-stage crushing followed by floatation
circuits. Tailings will be dry stacked and a paste backfill plant has been
sized. The estimated capital cost for this portion of the project, including
all surface infrastructures, EPCM, contingency and working capital, is US$49
million.



Based on the indicated resources that are proposed to be extracted in the first
4.5 years, the operation could produce approximately 44 million pounds of copper
per year at a cost of about US$31 per tonne (cash costs between US$0.60 and
US$0.70 per pound). Including treatment, refining and transportation, the total
operating costs are estimated at US$49 per tonne. Process recoveries are
estimated to be 86%. Based on 100% equity, the Technical Report shows that the
return on the incremental capital required for the construction of the Process
Plant has a 16.9% IRR and a payback of 2.1 years.



The project economics do not include the US$32.3 million cost of the underground
development programme, nor does it include estimates for interest and government
royalties. The financial model incorporates fixed copper prices based on the
current LME forward contract prices using US$1.80/lb for the first year of
mining, US$1.50/lb for the second year, US$1.30/lb for the third year and
US$1.20/lb thereafter. Based on the sensitivity analysis undertaken by Howe,
copper grade and copper price have the greatest impact on cash flow and
therefore the return of the Process Plant capital investment. This assessment is
preliminary in nature and there is no certainty that it will be realized.



During the initial years of production, exploration of the underlying sulphide
portions of the deposit may result in additional material being added to the
mining plan. This may extend the mine life assuming the proposed underground
exploration confirms the grade, tonnage and continuity of the underlying
sulphide resources. Mineral resources that are not mineral reserves do not have
demonstrated economic viability.



The Technical Report is compliant with National Instrument 43-101. Unless
otherwise indicated, technical information contained in this release is based on
information compiled by Howe. Messrs. F. Lee, H. Coates, M. Newbury, and D.
Titaro, who are employees of, or consultants to Howe and are independent of
African Copper are the qualified persons (as defined in National Instrument
43-101) overseeing preparation of the Howe report and are responsible for the
technical information contained therein . This press release has been prepared
under F. Lee's supervision.



In addition to the Dukwe Project the Company's other interests are the 4,000 sq
km Matsitama exploration concession adjacent to Dukwe, which contains two known
copper deposits and numerous base metal exploration targets.



African Copper is a tri-listed (AIM, TSX, Botswana Stock Exchange) international
exploration company. African Copper has approximately 52 million shares
outstanding.



- Ends -

[holdontightuk] 03/4/2006 10:01

RNS Number:8414A
African Copper PLC
03 April 2006

PRESS RELEASE

3 April 2006

www.africancopper.com

AIM: ACU

BSE: African Copper

TSX: ACU


AFRICAN COPPER Plc

("African Copper" or the "Company")

Dukwe Development Plan Finalized

African Copper is pleased to release a technical report (the "Technical Report")
from its independent consultants A.C.A Howe International Limited ("Howe")
covering all the work that the Company has carried out in 2005/6. The Technical
Report also outlines a development plan for the Dukwe deposit.

* Estimates of the contained copper in the northern 600 metres of the 2,000
metre Dukwe deposit has increased to approximately 600 million pounds of
copper (indicated resources of 39.2 million tonnes at 0.71% Cu with no
cut-off). In the Technical Report Howe recommends an underground
exploration programme to convert the deeper sulphide resources into reserves
that may ultimately to be included in a mining plan. This programme is
estimated by Howe to cost US$ 32 million over a 2 to 3 year period.

* Underground exploration will simultaneously allow access to the near
surface (above 170 m vertical depth) supergene and transition indicated
resources estimated at 4.24 million tonnes at 2.43% Cu, cut and fully
diluted including mining recovery. This material could be used to feed a
flotation concentrator at the rate of 1,000,000 tonnes per year.

* The incremental investment, estimated at US$ 49 million, for the
construction of the flotation concentrator and related facilities (the "
Process Plant") indicates an internal rate of return ("IRR") of 16.9% based
on 100% equity utilizing only the 4.24 million tonnes of near surface
indicated resources. Base case annual production is estimated to be about
44 million pounds of copper for 4.5 years. The IRR and project economics
may be improved by an extension of the mine life.

* Further resources to extend the mine life beyond this initial phase may
exist in the underlying sulphides, and the underground exploration program
to convert resources into reserves will be completed concurrently with
mining of the near surface supergene and transition resources.

Engineering Studies

African Copper has been active throughout 2005 and early 2006 at its Dukwe
Project in north-eastern Botswana conducting a major exploration and engineering
programme. These 2005/06 programmes and future recommended programmes have been
summarized in the report by Howe entitled "Technical Report on the Dukwe Copper
Project and the Matsitama Prospecting Licences Botswana, Africa," dated March
30, 2006 that can be found on SEDAR at www.sedar.com and on the Company's
website at www.africancopper.com. The programmes that have been reviewed
include the following:

* a detailed engineering study focused on a 2,250 tonnes per day ("t/d")
open pit heap-leach solvent extraction-electrowinning ("SX/EW") facility to
treat the near surface oxide, supergene and transition material that exists
within 170 metres of surface;
* process plant design and costing on a 3,000 t/d crushing, ball mill and
flotation plant with dry stacked tailings for treating the supergene,
transition and deeper sulphide portions of the deposit;
* a geotechnical drilling program to define pit-slope stability;

* metallurgical testwork including bench scale flotation batch tests and
locked cycle tests on the sulphide and supergene portions of the deposit;
* further column tests on the oxide and supergene mineralization;
* mining investigations for a selective underground mining operation to
support the flotation plant, including underground access options, mining
methodology and geotechnical testing, design and costing;
* updates of environmental, archaeological, and water resources studies and
permitting applications;
* access road design and construction;

* copper concentrate sales and marketing investigations;

* a 38,000 metre resource definition drill program consisting of
metallurgical holes, twinned and scissor verification holes, and outline and
infill holes.

Dukwe development plan

The Dukwe deposit development plan as recommended by Howe includes:

* underground trial mining and exploration, and

* construction of a flotation concentrator.

African Copper plans to commence the development of the underground access in
early Q3 of this year, subject to arranging appropriate financing and awarding
excavation contracts. This program will allow access to both the near surface
resources (above 170 m vertical depth), and provide a platform for further
exploration of the underlying sulphides. The underground development plan for
Dukwe has been estimated to cost about US$32.3 million.

Howe concludes in the Technical Report that the construction of the Process
Plant can be justified if the current near surface indicated resource is
extracted through the proposed underground exploration access. Howe has
investigated the project economics for the construction of the Process Plant
based solely on the near surface material bearing the full cost of the plant.



The near surface deposit contains high grade supergene and transition indicated
resources estimated at 4.24 million tonnes at 2.43% Cu. These grades and tonnage
include 12.5% dilution at 0.5% Cu cut-off and a 90% mining extraction.
Underground trial mining is required to verify these dilution and extraction
parameters and to move these resources into a reserve category, but this will be
done concurrently with the development of underground access.

The Technical Report proposes that the Company construct a 1,000,000 tonnes per
year processing plant which includes 3-stage crushing followed by floatation
circuits. Tailings will be dry stacked and a paste backfill plant has been
sized. The estimated capital cost for this portion of the project, including
all surface infrastructures, EPCM, contingency and working capital, is US$49
million.



Based on the indicated resources that are proposed to be extracted in the first
4.5 years, the operation could produce approximately 44 million pounds of copper
per year at a cost of about US$31 per tonne (cash costs between US$0.60 and
US$0.70 per pound). Including treatment, refining and transportation, the total
operating costs are estimated at US$49 per tonne. Process recoveries are
estimated to be 86%. Based on 100% equity, the Technical Report shows that the
return on the incremental capital required for the construction of the Process
Plant has a 16.9% IRR and a payback of 2.1 years.



The project economics do not include the US$32.3 million cost of the underground
development programme, nor does it include estimates for interest and government
royalties. The financial model incorporates fixed copper prices based on the
current LME forward contract prices using US$1.80/lb for the first year of
mining, US$1.50/lb for the second year, US$1.30/lb for the third year and
US$1.20/lb thereafter. Based on the sensitivity analysis undertaken by Howe,
copper grade and copper price have the greatest impact on cash flow and
therefore the return of the Process Plant capital investment. This assessment is
preliminary in nature and there is no certainty that it will be realized.



During the initial years of production, exploration of the underlying sulphide
portions of the deposit may result in additional material being added to the
mining plan. This may extend the mine life assuming the proposed underground
exploration confirms the grade, tonnage and continuity of the underlying
sulphide resources. Mineral resources that are not mineral reserves do not have
demonstrated economic viability.



The Technical Report is compliant with National Instrument 43-101. Unless
otherwise indicated, technical information contained in this release is based on
information compiled by Howe. Messrs. F. Lee, H. Coates, M. Newbury, and D.
Titaro, who are employees of, or consultants to Howe and are independent of
African Copper are the qualified persons (as defined in National Instrument
43-101) overseeing preparation of the Howe report and are responsible for the
technical information contained therein . This press release has been prepared
under F. Lee's supervision.



In addition to the Dukwe Project the Company's other interests are the 4,000 sq
km Matsitama exploration concession adjacent to Dukwe, which contains two known
copper deposits and numerous base metal exploration targets.



African Copper is a tri-listed (AIM, TSX, Botswana Stock Exchange) international
exploration company. African Copper has approximately 52 million shares
outstanding.



- Ends -

[holdontightuk] 03/4/2006 09:45

RNS Number:7787A
Taghmen Energy PLC
03 April 2006


TAGHMEN ENERGY Plc

www.taghmenenergy.com


GUATEMALA OPERATIONS UPDATE, MARCH 2006


Taghmen Energy Plc ("Taghmen" or the "Company") an independent oil and gas
exploration, development and production company, focused on Latin America, is
pleased to provide the following operational update on Guatemala.


Well 3X


Work continues on Well 3X under the planned long term production test. A 31
feet thick zone was perforated in November 2005 and, as reported, initially
flowed at a calculated rate of 100 barrels of oil per day ("bopd") under
swabbing operations, rising during this phase of the test to 150 bopd. In
January, a down hole pump was installed and the well was tested at various
production rates. The well was shut in for a pressure build-up test in late
February. Pressure recorders will be pulled within the next few days. Under the
planned test programme, the second of the three prospective zones in Well 3X
will be perforated. The perforations will cover 44 feet of pay over a gross
interval of 167 feet.


Extended testing of each zone is necessary to allow for the collection of
reservoir data and for the assessment of possible damage that may have been
caused whilst drilling the well.


Seismic Acquisition


The planned acquisition of 2D seismic over Las Casas, Huapac and Yaxa areas of
Contract 6-93 is proceeding on schedule with all lines covering the Las Casas
Field having already been recorded and sent for processing. Initial indications
are that the data being collected is generally of very high quality. Line
clearance and survey operations have been completed over Yaxa and are expected
to be finished over Huapac by early April. It is expected that the seismic
acquisition on Contract 6-93 will be completed by mid April at which time the
seismic crews will immediately move on to Licence 7-2005 (Tortugas/Atzam) and
commence both 2D and 3D seismic operations there.


Well 1XA Sidetrack


The drilling of the side track to well 1X (well 1Xa) is expected to commence on
1st May following the interpretation of the Las Casas seismic to determine the
optimal bottom hole location. It is expected that drilling of the sidetrack will
take approximately 40 days to complete.


Licence 7-2005 (Tortugas/Atzam)


The Environmental impact study has been submitted for approval and clearance to
commence operations on Contract A7-2005 is expected shortly.


Work has already begun on fabricating workshops, offices and accommodation units
which will be transported to the Tortugas area as soon as the approval to
commence operations is received. These units will provide a base from which to
undertake the work-over of 3 existing wells from which there has been proven
production in the past.



Review of Release


This release has been reviewed by the Company's Chief Operating Officer (Mr. J.
Scott), Geologist (Mr. K. Dean who is a Fellow of the Geological Society,
London) and its consultant Reservoir Engineer (Griffin Petroleum Consulting
Ltd.).


Messrs Scott's and Dean's biographies are on the Company's website, which can be
found at www.taghmenenergy.com . Griffin Petroleum Consulting Ltd are a firm of
Chartered Engineers.


3rd April 2006

[holdontightuk] 02/4/2006 23:38

Good chart here on the explosive potential of gold royalty deals.....see the TRE chart.......

[holdontightuk] 02/4/2006 19:07

BTP has submitted a plan of operations for exploratory drilling in the Iron Mountain area of the Stilllwater Complex, 12 miles SE of Nye.
Drilling is proposed at up to 39 sites, beginning June 1, 2006 and completed in the fall of 2006.
Up to 3 drill rigs will be working at one time, and drilling will occur 24 hours/day.
Additional info is available at:

www.fs.fed.us/r1/custer/projects/index

[holdontightuk] 02/4/2006 13:12

Another good post on the TAG thread regards history of the Las Casas 1X.......

HCD, the other article is off line now (the link below, I think removed at the request of TAG, article from 1998 or 1999), but the full text is in my post of June 2005 as below. Apart from the LC 1X flow rates and details of 1X, it goes on to deal with the Huapec area (which will be TAG Huapec 2X drill and due in H2 2006). There are strong oil shows in the Coban D with a 530 foot interval (161 metres) and that my friends is why the Huapec structure offers very good potential.




GUATEMALA CITY, Guatemala

Mexpetrol Guatemala Corp Received Approval From Director General, Hydrocarbons In Guatemala To Proceed With Testing And Development, Plans For The Las Casas And Huapac Structures.
American Reserve Energy Corporation and Las Casas Energy Corporation reports:
Mexpetrol Guatemala Corporation, 100% owned subsidiary of Las Casas Energy Corporation, today received approval from the Director General of Hydrocarbons in Guatemala to proceed with testing and development plans for the Las Casas and Huapac structures. These structures are located within Mexpetrol's 100% owned 321,685 acre Exploitation Contract. Testing to determine stabilized oil production flow rates and sales volumes of the sweet 37 deg API oil from the Las Casas 1X well will start early next week. It is estimated that one week of testing the Las Casas 1X well is required and daily production rates will be announced when determined. The Las Casas 1X well tested 500 BOPD in 1989 from 40' of perforations. Mexpetrol tested the well at 700 BOPD in 1996 from the same 40' of perforations. In 1998 it was discovered the 40' of perforations made in 1989 were off target and the well was reperforated on target between 8420' to 8760' with 311' of perforations made successfully and tested. The final flowing oil and gas rates from this test exceeded the 2450 BOPD capability of the oil/ gas/water separator and the well had to be shut in before a stabilized oil production rate could be determined. The well has been shutin since then.
The Las Casas 2X well, situated down dip and 1300' on surface from the Las Casas 1X well will be reentered and a lateral extension drilled. Whipstocking this well is anticipated to result in increased inflow rates substantially higher than the initial 2X well production test results. Petroleum consultants Ryder Scott Company estimate the Las Casas structure could require the drilling of up to 10 to 15 wells. A new large capacity gas/oil/water separator, jet pump, storage tanks and ancillary equipment have been installed on site. An additional 5,000 Bbl oil storage tank is under construction.
Forty (40) km to the north of Las Casas is the Huapac #1 well drilled to 8920' by Getty Oil in 1980. This well was tested in three Coban "C" (5212' 7530') intervals for oil with negative results and P and A'd in December of the same year. Below the Coban "C" is the Coban "D" dolomite from 7530' to 8650'. This 530' interval demonstrates a strong gas (oil) show on logs from 8080' 8610' and will be tested later this year as well workover equipment becomes available. Target is +300 BCF gas.
Additionally, a major U.S. energy production company has opened negotiations with a written joint venture offer for 75% of Las Casas' 50% owned Wyoming properties.

[holdontightuk] 01/4/2006 11:18

Good post by someone on the TAG thread regards history of the Las Casas 1X well, with link......

I think pp is got his info from the following link:

"Canada's Enterprise Development Corp. tested its Las Casas 1X well in September 1998. The well flowed 38 [degrees] API crude with wet gas at rates up to 2,500 bopd. Testing was suspended to procure higher-capacity test equipment. The company was optimistic that the well will be deemed commercial. The company also plans a horizontal sidetrack of the Las Casas 2x well."

[camipe] 31/3/2006 21:23

Smashing news as ever !!!!

[holdontightuk] 31/3/2006 21:22

Thistle Mining Results:

Losses for Q4 are as expected...well done to Tim for being 700k out!!

The outlook, whilst less positive than hoped for due to higher costs, is I would hope stated with caution as you would expect in the circumstances! However, it does appear that they will, at current gold price levels, be profitable top line wise....

160000 oz x (let's say) $575 average gold price in 2006 = $92.0 million
Less total cash costs of between $540 and $575 (let's assume $557.5) = $89.2 million
Profit = $2.8 million

And lots of investment on other projects : Golden Triangle and Masbate

FS for Masbate due soon by looks of things

Good grades at B Reef channel = lower costs

Deferred loan interest payments

Overall they clearly still have a problem with costs, but they have provided evidence of progress made to date on this and provided reasons for continued progress. In addition, the Masbate and Golden Triangle opportunities offer fresh opportunities that could arguably transform everything entirely.....the FS on Masbate will be eagerly awaited.

I can just about see the ashes and the phoenix, but not yet sure if it's the dying one or the new one!! I think the latter.

Having said all that, I would think TMG are fairly priced on basis of the results published. On basis of the outlook, I think undervalued by between 10 and 20p. A positive FS for Masbate is needed as well as for the current positive costs and grade trends to continue, and POG to remain at least at current levels.




"Outlook

Thistle's gold production in 2006 is expected to total approximately 160,000
ounces, approximately 9% below 2005 levels. Cash costs for gold are forecast to
be between $510 (1) and $540 per ounce, and total costs are expected to be in
the $540 to $575 per ounce range, assuming prevailing foreign exchange rates in
the ZAR 6.10 to 6.40 to the US $ range and no major production disruptions. The
forecast is, however, subject to uncertainty which could cause actual production
to differ materially. Major risks include failure of infrastructure, market
prices, seismic activity, fires and labour unrest.

Capital expenditures at PSGM are anticipated to be approximately $7.3 million in
2006. Major investments include $5.5 million in development and equipping.
Should the Board of Directors approve the Golden Triangle project, currently in
feasibility and scheduled to be completed in May 2006, it is estimated that
additional capital of $5 to $10 million will need to be incurred in 2006 and
2007. Exploration and project development expenditures at PSGM in 2006 are
planned to be approximately $0.4 million. In addition, upon completion of the
feasibility study and detailed design for the Masbate project, Thistle also
plans to spend approximately $2.1 million on the project for the first half of
2006. Expenditures on general and administrative items are forecast to be
approximately $3.1 million in 2006, comparable to the expenditure incurred in
2005.

Management's key business objective remains to restore the profitability of
PSGM. There are many projects aimed at achieving this objective. The recent
discovery of a "B' reef channel estimated to contain approximately 1.47 million
tonnes at a projected head grade of 10.55 g/t to yield 480,000 ounces of proven
reserves close to the Number 3 Shaft and the development of the Golden Triangle
Area, augur well for the future. The "B" reef development, however, will be
expected to begin yielding meaningful results only in the second half of 2007.

In the short-term, the outlook remains challenging, notwithstanding the high
gold price realized. In the North division of PSGM, tonnage has been reduced
following problems encountered with the Big Bertha No. 1 and the decrease in
profitable mining face available for mining. Furthermore, the discovery of
previously mined-out horizons at the Big Bertha No. 2 area will significantly
reduce production potential from this area. The Big Bertha sections, exploit the
Eldorado reef series using bulk mining methods. Following a major fall of ground
on February 18, 2006, production from the No. 1 incline shaft at an estimated 30
kg's per month has been disrupted for a period of three months. In addition, the
decision to stop unprofitable production from the Number 1A Ventilation Shaft in
February 2006 has resulted in a further decrease in production by approximately
15 kg per month.

Liquidity and Capital Resources

Although the Company is benefiting from a reduced and restructured cost base at
PSGM as well as high gold prices, the Company still requires additional
financing to fund its capital needs at PSGM, fund working capital needs in the
Philippines, service its debt obligations and fund its corporate expenses.

On March 28, 2006, each of Casten and MC entered into an agreement with Thistle
wherein they have agreed subject to certain conditions to continue to assist the
Company by:

* Deferring repayment of interest and principal due on loans advanced to
the Company until April 1, 2007,

* Providing a credit facility of up to $8.62 million and to defer
repayment of these additional loans until April 1, 2007.

In connection with this agreement, Thistle pledged its shares in Philippine Gold
Limited, a wholly owned subsidiary of the Company incorporated in the United
Kingdom, which has a 40% interest in Filminera Resource Company and a 100%
interest in Philippine Gold Processing and Refining Corporation, both of which
are incorporated in the Philippines.

Furthermore, the agreement provides that the commitments thereunder will be void
and of no force or effect when there occurs certain events listed in the
agreement, including a material deterioration in the economic circumstances
applicable to Thistle or any material adverse change in the business, assets,
liabilities, condition (financial or otherwise) and prospects of Thistle or any
of its subsidiaries.

Relisting on the TSX

As of Feb 17, 2006, Thistle officially delisted itself off the Toronto Stock
Exchange (the "TSX"). Many Canadian shareholders have expressed a desire to see
the Company relist on the TSX. The merits of a new placement or relisting will
be considered once the improvement in PSGM's performance has achieved traction
and if the attractiveness of the Masbate and the Golden Triangle projects have
been confirmed through positive feasibility studies or should circumstances
change to warrant a new placement or new placement.. Management now believes it
is unlikely that a relisting will be undertaken during 2006. Thistles common
shares are currently trading on the Alternative Investment Market ("AIM") in
London and Canadian shareholders may trade on AIM through a broker that is a
participant in CREST".....


When I say add 10 to 20p for the outlook, this excludes the upside of a positive Masbate FS.

[holdontightuk] 31/3/2006 11:43

Eureka Mining Sept 0f Inv presentation......a reminder of the potential, which is now only greater due to 100% Chel ownership