Latitude Resources Share Discussion Threads

[loinerscum] 14/12/2006 18:58

Western Goldfields is currently up by 30% today at $2.5CAD sell which values Latitudes stake at around £8million sterling. That means that the value of Western Goldfields and Tanami investments plus cash (which I estimate at around £1.5million) is roughly equivalent to Latitudes market cap meaning all the Chilean assets are in the pot for free. This must get rerated soon!

Cheers
Andy P

[thecynical1] 13/12/2006 13:21

should be interesting to see if WGDF move on this news......

[rickus] 13/12/2006 13:12

Western Goldfields Announces Positive Initial Results from Drilling Program at Mesquite Mine

TORONTO, Dec. 13, 2006 (Canada NewsWire via COMTEX News Network) --
>
Western Goldfields, Inc. (TSX:WGI, OTC BB:WGDF.OB) today announced positive initial results from exploration drilling underway at its wholly owned Mesquite Mine in Imperial County, California. The initial results include oxide intercepts of 0.036 ounces per ton of gold over 230 feet and 0.025 ounces per ton of gold over 300 feet at the Brownie Hill Zone. The Brownie Hill Zone is a largely inferred mineral resource that was not included in the Company's current mine plan for resumption of mining activity at Mesquite.

"The initial results of this exploration drilling further support our view of the Mesquite Mine as a unique and outstanding opportunity in the gold mining industry. Confirming the potential for additional resources in the Brownie Hill Zone will further add to the value of our property and our company," said Raymond Threlkeld, President and Chief Executive Officer.

"The initial drill results confirm Brownie Hill as a high-priority target with excellent potential to increase the oxide reserves and resources at Mesquite," continued Mr. Threlkeld. "We are planning to drill additional holes to upgrade this resource." On August 9, 2006, Western Goldfields announced that the Mesquite Mine's Proven and Probable reserves are estimated at 2.36 million ounces of gold and Measured and Indicated resources are estimated at 1.25 million ounces. The average grade of the currently defined oxide reserve is 0.017 ounces per ton of gold. The Company is estimating average annual production of 165,000 ounces of gold from the mine, with an initial project life of 9-1/2 years.

The initial results of the current 70,000-foot reverse circulation drilling program include seven holes (WM07 through WM14, with assays pending for WM12) targeting the Brownie Hill Zone, an area of predominantly oxide mineralization located approximately 1,000 feet to the west of the Mesquite Mine's planned Big Chief pit expansion. Drilling to date at Brownie Hill has outlined oxide mineralization measuring 1,300 feet in length by 700 feet in width with an average thickness of 250 feet. The mineralization remains open along strike.

These results indicate that the Brownie Hill Zone has the potential to add life to the Mesquite Mine. Approximately 10,800 feet of the 70,000-foot drilling program, which was announced on September 22, 2006, has been completed to date. A second drill arrived at site in early December.

The Company also has received analyses from metallurgical sample drilling in the Rainbow extension. Drill holes WM01 to WM04 were drilled earlier in the year within the current reserve of the East Rainbow pit to confirm grades, the oxide and non-oxide boundary, and metallurgical recoveries estimated by the resource model. The four holes show slight increases in gold grade compared with the resulting reserve grade estimated for the Rainbow deposit.

Drill holes WM05 and WM06 were drilled as condemnation holes to confirm that the planned location of a waste dump external to the Big Chief pit was properly situated. Assays for holes WM05 and WM06 are pending at the time of this release.

Analyses for holes WM01 through WM04 were completed by ALS Chemex (Vancouver, BC, Canada), an ISO 9001:2000 certified laboratory. Analyses for holes WM07 through WM14 were performed by American Assay Laboratories, Inc. (Reno, Nevada, USA), an ISO/IEC 17025 certified laboratory. Samples for holes WM05 and WM06 are being analyzed by American Assay Laboratories.

The data contained in this news release has been reviewed by Wes Hanson, P.Geo., Vice President of Mine Development, Western Goldfields, and the Qualified Person for the project. A complete table of the drill results is included in the appendix to this release.

Western Goldfields, Inc.

------------------------

Under a new, highly experienced, and dynamic management team, Western Goldfields is a gold producer focused on completing the expansion of its Mesquite Mine, located in Imperial County, California, and returning the mine to full production. Western Goldfields acquired the Mesquite property in 2003 from Newmont Mining Corporation. Newmont operated the mine until 2001 when it ceased operations, as the low gold prices at that time did not support expansion plans. However, Newmont continued the permitting process for expansion, and the permits were approved in 2002. Western Goldfields has continued producing gold from ore placed on heaps by the previous owners, and expects gold production in 2006 to be about 14,000 ounces.

Western Goldfields, Inc. is listed on the Toronto Stock Exchange and trades under the symbol WGI, and is quoted on the OTCBB under the symbol WGDF.OB. For further details regarding the mineral reserves and mineral resources at Mesquite, please visit www.westerngoldfields.com.

Full item here:

[rickus] 04/12/2006 07:20

NEWS RELEASE 04-12-2006

Latitude Resources plc
Preliminary Results for the year ended 30 June 2006...


...Outlook

In summary, Latitude's goals for the next 12 months have been firmly underpinned
by the progress and achievements of this financial year and I should like to
take this opportunity to thank our staff, shareholders, advisors and
particularly our corporate partners for their excellent and ongoing support
during an exciting year. The recent drilling results have been most encouraging
and I believe the prospect of our team in Chile making an exciting discovery has
never been better.

We continue to focus all our efforts on the strategic objective of building a
world-class junior mining company and believe that we are well on track for that
goal to be achieved.

[rickus] 27/11/2006 15:33

WGDF/WGI up a fair bit so far today.
Could be related to the rise in the price of gold.
Looks like a big trade went thru on the WGI (TSE) earlier.

[thecynical1] 22/11/2006 22:02

evening all....glad to see that I am not the only person still holding these...have topped up recently....nice to see that punters with much deeper pockets than I have appear to be getting in on the game over the last couple of days....are they actually in a closed period ? could the buys which looks like they are designed to soak up any stock on offer out of the market be coming from parties related to the company ? will imo be interesting to see if there is an RNS ref an increase in holdings over the next couple of days....would be nice to WGDF.OB get its act together again....it is wallowing a bit at the moment......

[allini245] 22/11/2006 17:17

Another day of large buys, something going on, lets hope its good. Good luck to all.

[rochdale] 21/11/2006 22:41

slow burner this one

volume picking up and they look like buys

might be a willing seller in the wings seeing as share price hasn't moved

looking forward to some news - without it cannot see much movement

[allini245] 21/11/2006 16:34

Some heavy deals today in comparison to past days. Lets hope this is on the move, looked promising a while back and then seemed to fall off the radar completely for some time. Good results would certainly help. Good luck to all.

[loinerscum] 21/11/2006 13:22

I'm still here and even topped up after speaking to MK at the end of October. I'm looking forward to the promised drilling results shortly and the results which they were hoping to get out by the end of the month (that was the target but officially they don't have to be lodged until the end of December) Once the results are in, Resourceworks are clear of their close period and therefore able to buy more shares in the market if they still believe them undervalued which I am certain they do.

Cheers
Andy P

[charles m] 21/11/2006 09:39

if you run in to her you will end up with two black eyes, unless your really tall!!!!

[cerrito] 21/11/2006 09:22

the cynical1
I think we have probably been asleep which is just as well as we have not missed anything..as you say good to see the purchases yesterday..would appreciate any feedback from people who run into her at the conference

[thecynical1] 20/11/2006 23:11

evening all ! so what happened to the few holders who were posting on here? hope you didn't get shaken out by the MM's......looks like there was a bit of interest today......still holding...would be nice to see some developments....

[thecynical1] 30/10/2006 11:29

Uklurker...thanks. It is interesting to see that they have Sally coming over...she seeme like a down to earth no bs type....what I am a bit confused about....they are not listed as exhibitors at the conference...is she making a presentation at the conference ? any idea ?

[uklurker] 30/10/2006 08:33

Tc1

LTR 'attending' conference – Sally Schofield returning from Chile "with the intention of assisting market awareness including attending the Mines and Money conference 20-22nd November"
Statement from made by Martyn Konig – CoopR8 B.B. I believe.

[thecynical1] 27/10/2006 17:23

UKlurker....how do you know they are attending ? are they just visiting or are you claiming that they will be exhibiting ?

[thecynical1] 27/10/2006 17:14

and WGDF seems to be rising on the back of the increasing gold price........interesting times indeed......wonder have the market makers now picked up enough cheap stock......

[uklurker] 27/10/2006 14:18

20 to 22nd November - Mines and Money Conference – LTR Directors attending.
Seems the ideal time to release the promising Santa Dominga drill results, together with 2006 Company Finals.
Interesting times approaching :)

[thecynical1] 27/10/2006 12:57

amazing....up until a few minutes ago you could get them below the offer on a T20.... ; )

[rochdale] 27/10/2006 11:25

thanks cerrito - the announcement in three weeks should enlighten us a little

[cerrito] 26/10/2006 17:16

spoke to the company earlier in the week...they cannot buy as they are in a close season.
Drilling at Santo Domingo(the only place where they are drilling) is coming to an end;analysis in the lab and are looking to make an announcement in 3 weeks time..perhaps just before the prelims.
no drilling at El Teno for
seasonal reasons and discussions with other parties continue on this
on filipina grande coming to the end of their internal work on a scoping study details of which will be shortly announced.
romarco warrants sold in october for i think $265k but exact figure will no doubt be in the prelims

[rochdale] 24/10/2006 13:17

quite a few buys coming through

lets hope the news begins to flow

[uklurker] 24/10/2006 12:55

Done my bit with an extra £4.5k worth this morning (Not showing yet) - here's hoping for the promised news in the next few weeks.

[rochdale] 24/10/2006 09:50

bought £1000 worth this morning

[thecynical1] 20/10/2006 22:47

evening all ! goml...I might have been a bit harsh this afternoon...my apologies.....I agree completely with Loiner.....I have a punt on something else at the moment which is keeping my "play money" cash busy at the moment..if that trade goes the way I am hoping I will be getting more of these once I have freed up the cash again.