Thursday, April 28, 2011

Mining 101: Ep 5. What is Market Cap?



Kingsgate Consolidated chairman Ross Smyth-Kirk explains what Market Cap is.

From Wiki: Market capitalization (often market cap) is a measurement of size of a business enterprise (corporation) equal to the share price times the number of shares outstanding (shares that have been authorized, issued, and purchased by investors) of a publicly traded company. Market capitalization could represent the public opinion of a company's net worth and is a determining factor in stock valuation.

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Wednesday, April 27, 2011

Kitco Audio:Are we in for a big silver correction? Listen to what Trader Rog and Big Al have to say!



April 26, 2011 Big Al and Trader Rog discuss Silver's recent correction, and how low we can expect Silver to go before rebounding.

Mr. Wiegand is the Editor and Publisher of Trader Tracks a Stocks, Futures and Commodities electronic newsletter publication for active traders. In addition, Roger writes a weekly column, "Rog's Corner," For J Taylor's Gold and Technology Stocks Newsletter.

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Monday, April 25, 2011

Extorre Makes Another Significant High Grade Gold-Silver Discovery At Cerro Moro



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Mr. Yale Simpson, Co-Chairman of Extorre Gold Mines talks about Extorre Gold Mines' newest bonanza grade discovery Zoe at the Cerro Moro Gold-Silver Project. The news of this discovery was released earlier in the week and Mr. Simpson goes through in-depth about this particular discovery and its impact on the project going forward.

He also takes the opportunity to talk about Extorre's other exciting regional projects that are just being drilled for the first time with results pending. This is the style of presentation you would expect Mr. Simpson to give at an international resource conference or to a broker or analyst reviewing the Company.

About Extorre:
Extorre Gold Mines Limited is a Canadian public company listed on the Toronto Stock Exchange (TSX) under the symbol XG and the NYSE-AMEX under the symbol XG. The Cash position in April, 2011, was $33 million.

Cerro Moro: Extorre's Flagship Project

Extorre's priority is to expand its mineral resources at Cerro Moro with an aggressive drilling campaign of +100,000 meters. Four rigs are drilling at Cerro Moro now with two drill rigs focused on the recent Zoe Discovery. The bonanza grade Zoe Discovery has opened up +2km of new exploration ground on the Cerro Moro property where the company is focused on delineating new high-grade mineralization.

On April 19, 2010, Extorre announced an updated National Instrument 43-101 compliant mineral resource estimate for Cerro Moro:

Indicated: 357,000 Oz. Gold + 15.3 Million Oz. Silver (612,000 Oz. Gold Equivalent*)
Inferred: 190,000 Oz. Gold + 12.0 Million Oz. Silver (390,000 Oz. Gold Equivalent*)

The 612,000 ounce gold equivalent* indicated resource, entirely from the Escondida vein, has an average grade of 32.3 g/t gold equivalent*, a grade considered exceptional by industry standards. The silver contribution is high, accounting for over 40% of the metal value using 60:1 sliver to gold ratios; using a 50:1 ratio, the project becomes silver dominant. Additional inferred resources of 390,000 ounces gold equivalent* are also reported from the Escondida, Loma Escondida, Gabriela, Esperanza, and Deborah veins. This inferred resource contains new material not previously estimated.

The 43-101 report for the Preliminary Economic Assessment (PEA) for Cerro Moro can be accessed from this website and provides estimated mine operating and capital costs for a potential 750 tonne per day mine delivering +130,000 ounce gold equivalent per annum over the initial five years' operations. An Environmental Impact Assessment including this mining scenario is expected to be approved by permitting authorities in Q2, 2011.

Four drill rigs are currently dedicated to expanding the near-mine gold-silver resources at Cerro Moro, providing further high grade resources beyond year five in the currently planned mine schedule. The Escondida and the Gabriela veins together with the newly discovered Lucia vein all show significant potential for expansion both along strike and at depth. In addition, other veins on the property with high silver-gold grades will be tested as we move through Q1 in 2011. Outside of the Cerro Moro project area, Extorre will also initiate drilling to realize the discovery potential of other properties in its portfolio.

*refer to Extorre's April 19, 2010 Press Release.

On October 19, 2010 Extorre announced results for a preliminary economic assessment for Cerro Moro which outlined the following*: Life of Mine: 8 years Average Production: 133,500 ounces of gold equivalent per year for the first five years. Cash Cost: $201 per ounce gold equivalent Capital Expenditure: $131 million Start-Up: 2012

*See Extorre's press release dated October 19th, 2010.

Work on a Pre-feasibility study is underway.

Extorre owns 100% of the Don Sixto gold-silver deposit in Mendoza Province, Argentina. In June 2007, the Mendoza government passed legislation that restricts mining in Mendoza Province. The project has been placed on hold, although the Company is optimistic that in due course mining will be permitted for projects that can be demonstrated to be both economically viable and sustainable for communities.

Friday, April 22, 2011

Mining 101: Ep 4. What is Underhand Cut and Fill?



Director and CEO of Timberline Resources Randal Hardy explains what Underhand cut and fill is.

Underhand cut and fill is a cut and fill mining method that works downward, with cemented fill placed above the working area; best suited for poor ground conditions. -The Northern Miner.

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Monday, April 18, 2011

Mining 101: Ep 3. What is Backfill?



St. Andrew Goldfields Ltd. Director of Engineering Pierre Rocque explains what backfill is.

Simply, backfill means to refill an excavation, usually with the excavated material.

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Friday, April 15, 2011

Kitco Audio: David Morgan and Premium Exploration President Del Steiner on Gold's "perfect storm"



April 15 ,2011: Al Korelin chats with David Morgan of The Morgan Report and Premium Exploration President Del Steiner at the Chicago Resource Expo about the ongoing U.S. financial crisis and how these woes have created a perfect storm for Gold.

Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals.

Mr. Steiner began his career in the junior exploration and mining sector in 1980 as an attorney and consultant specializing in environmental and mining law. Mr. Steiner was formerly President, CEO and Director of Idaho Consolidated Minerals Corp. (ICMC). During his tenure at ICMC, Mr. Steiner was involved in the development of over 600,000 oz Au on the Orogrande Shear Zone in Idaho, USA. He was also instrumental in helping Bema Gold obtain the original permitting for the Buffalo Gulch Gold Mine in 1992, prior to the mine being put on care and maintenance. Mr. Steiner took Premium Exploration public in the Spring of 2006.

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Thursday, April 14, 2011

Mining 101: Ep 2. What is Laterite?



Mindoro Resources President and C.E.O. Jon Dugdale explains what a laterite deposit is.

From Wikipedia: Laterites are soil types rich in iron and aluminum, formed in hot and wet tropical areas. They develop by intensive and long-lasting weathering of the underlying parent rock. Tropical weathering (laterization) is a prolonged process of chemical weathering which produces a wide variety in the thickness, grade, chemistry and ore mineralogy of the resulting soils. The majority of the land areas with laterites was or is between the tropics of Cancer and Capricorn. Laterites are a source of aluminium ore, and laterite ores also were the early major source of nickel.

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Kitco Audio: Rick Ackerman on inflation and America's continuing financial woes



April 14, 2011: Al Chats with Rick Ackerman about the IMF's recent comments on U.S. finances, the European Central Bank raising interest rates, and what it means for Americans on a day to day basis.

Rick Ackerman is the editor of Rick's Picks and a partner in Blue Fin Financial LLC, a commodity trading advisor. His detailed strategies for stocks, options, and indexes have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders.

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Monday, April 11, 2011

Mining 101: Episode 1: What is a 43-101?





President and CEO of Mercer Gold Corp Rahim Jivraj explains what a 43-101 is.

From Wikipedia: National Instrument 43-101 (the "NI 43-101" or the "NI") is a mineral resource classification scheme used for the public disclosure of information relating to mineral properties in Canada. The NI is a strict guideline for how public companies can disclose scientific and technical information about mineral projects on bourses supervised by the Canadian Securities Administrators. Plainly put, the purpose of the National Instrument 43-101 is to ensure that misleading, erroneous or fraudulent information relating to mineral properties is not published and promoted to investors on the stock exchanges overseen by the Canadian Securities Authority.

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Kitco Audio: Roger Wiegand sees $45 Silver as the market takes a breath



April 11, 2011: Al Korelin chats with Trader Tracks Newsletter editor Roger Wiegand about the slow day for gold and silver, companies' upcoming quartlerly reporting, and where he sees this silver prices moving.

Mr. Wiegand is the Editor and Publisher of Trader Tracks a Stocks, Futures and Commodities electronic newsletter publication for active traders. In addition, Roger writes a weekly column, "Rog's Corner," For J Taylor's Gold and Technology Stocks Newsletter.

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Friday, April 8, 2011

Kitco Audio: Ron Paul weighs in on Gold and the Federal Government



April 8, 2011: Al Korelin of the Korelin Economics Report talks with Congressman Ron Paul (R-TX) about the surging prices in the precious metals markets, specifically that of gold and silver, and their relationship to the growing federal deficit. Dr. Paul expounds his belief that he sees a continued decline in the USD and that gold and silver will continue to rise as a result.

Congressman Ron Paul of Texas enjoys a national reputation as the premier advocate for liberty in politics today. Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currency. He is known among both his colleagues in Congress and his constituents for his consistent voting record in the House of Representatives: Dr. Paul never votes for legislation unless the proposed measure is expressly authorized by the Constitution. In the words of former Treasury Secretary William Simon, Dr. Paul is the "one exception to the Gang of 535" on Capitol Hill.

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Thursday, April 7, 2011

In The Field: Passport Potash's Holbrook Basin poised to become major producer



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March 14th, 2011: Guest Host Al Korelin visit's Passport Potash's Holbrook Basin Project near Holbrook Arizona to get a glimpse first hand of what could become the United States premier potash mine. Featuring interviews from the President of Passport Potash, Joshua Bleak, as well as respected analysts such as Bob Moriarty( http://321gold.com ), Gordon Holmes( http://theaureport.com ), Sean Brodrick ( http://www.uncommonwisdomdaily.com ), Dan Pisenti (Whitehall-Parker Securities), and Marshall Berol (The Encompass Fund).

Passport Potash Inc. is a TSX-listed resource company engaged in the exploration and development of advanced potash properties. Passport has acquired a strategic position in Arizona's Holbrook Basin and is well positioned to take advantage of the estimated 2.5 billion tons of potash in the basin with land holdings encompassing over 70,000 acres.

The infrastructure in the Holbrook basin is prime, with immediate access to BNSF rail lines, Interstate 40 and a major power plant within 25 miles of the project. Potash deposits in the Holbrook Basin are considered shallow by industry standards, with deposits ranging at depths of between 800 and 1300 ft., which is a major advantage for Passport.

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Wednesday, April 6, 2011

Kitco Audio: Jim Wyckoff explains significance of Gold and Silver all time highs



April 6th, 2011: Al and Jim Wyckoff talk about the days trading range for precious metals and what to expect in terms of daily movement and overall trends.

Jim is a regular contributor to Kitco.com as well as the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. He is the senior market analyst at www.tradingeducation.com -the free educational website for traders of all markets.

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Tuesday, April 5, 2011

Industry Watch: Extorre Gold Mines -- New Drilling Adjacent to Recent Sizable Discoveries



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March 18th, 2011: Yale Simpson sits down with Al to discuss new drills turning at exciting properties adjacent to other recent sizable silver discoveries.

Extorre Gold Mines Limited is a Canadian public company listed on the Toronto Stock Exchange (TSX) under the symbol XG and the NYSE-AMEX under the symbol XG. The Cash position on March 13, 2011, was $40 million.

Extorre is a spin-out from Exeter Resource Corporation ("Exeter"), a transaction that facilitated taking the high grade Cerro Moro Project to a mine development decision in 2010.

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Kitco Audio: Gold and Silver break well beyond resistance points



April 5, 2011: Al Korelin chats with Roger Wiegand of TraderTracks Newsletter about the surprising surge in Gold and Silver prices at the beginning of the month and what that means for metal futures this summer.

Mr. Wiegand is the Editor and Publisher of Trader Tracks a Stocks, Futures and Commodities electronic newsletter publication for active traders. In addition, Roger writes a weekly column, "Rog's Corner," For J Taylor's Gold and Technology Stocks Newsletter.

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