Friday, February 25, 2011

Industry Watch: Jeff Phillips discusses Almaden Minerals



Feb. 19, 2011: Jeff Phillips from Global Market Developments chats with Al Korelin at the Silver Summit in Phoenix and discusses companies that he believes are a good buy.

Global Market Development assists companies in the areas of building Management Advisory Boards and/or introducing longer term financing sources to help the company achieve its goals.

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Thursday, February 24, 2011

Industry Watch: Exclusive interview with Eastmain CEO about $10 million drill program



Feb 19, 2011: Eastmain Resources CEO Dr. Don Robinson meets up with Al Korelin at the Silver Summit in Phoenix and discusses his company's extensive 2011 drill program in Eastern Canada.

Eastmain Resources Inc. (TSX: ER) is a Canadian exploration company listed on The Toronto Stock Exchange. The Company is actively exploring for gold and base metal deposits within Eastern Canada. Eastmain owns 100% of the Eau Claire gold deposit and has significant land holdings covering key geology adjacent to the Eléonore discovery and the Eastmain gold mine.

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Monday, February 21, 2011

In The Field: Sandspring Has Exciting Gold Toroparu Deposit in Guyana



Lawrence Roulston visits the Sandspring Resources Toroparu gold Project in Guyana. With boots on the ground deep in the Amazon, Lawrence and the team brave the jungle to see first hand the Sandspring Resources Toroparu claim.

Sandspring Resources Ltd. (SSP: TSX-V) is an exciting, relatively new, public company representing 10 years of private operational experience in the Republic of Guyana. The former private company predecessor ETK Inc. founded by John Adams and his family is now a wholly owned subsidiary of Sandspring. The production history of the Company is surface alluvial and saprolite mining in Guyana under a 3000tpd medium-scale mining permit.

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Tuesday, February 15, 2011

Industry Watch: Roger Wiegand on China’s Iron Ore Demand, Gold, and Silver Prices



January 25th, 2011: Roger Wiegand of Trader Tracks newsletter and www.webeatthestreet.com sat down with Al Korelin to discuss China’s iron ore demand, as well as his thoughts on the price of gold and silver.


Full Transcript:


Al: Hey I’m Al Korelin, thanks very much for joining me. Vancouver, British Colombia, shooting videos up here and having a great time. This is probably going to be one of the most enjoyable videos that we’ve shot because I’m chatting with my buddy Roger Wiegand, Trader Rog. Roger and I do a lot of work together; Roger lives just down the street from the little blonde lady and myself. He is a regular contributor to our website. I met Rog probably about 6 or 7 years ago, introduced by a mutual friend of ours, Laura Stein. She said ‘you’ve got to meet this guy- he’s brilliant’. I started to have him on the radio show- we were talking about real estate back in those days- and I’ve got to tell you this guy’s predictions were right on the money. It was almost scary. Now he comments on our show on the markets, on political issues, etc. etc. Let’s start out with the markets. I’m pretty bullish over the next 2 and a half years in terms of the resource sector, both the stocks and the commodities. What do you think?


Roger: Absolutely, I agree. The thing that’s interesting that I learned yesterday at the show was that I got more updates on base metals which are a little bit out of our purview but the push is on. I mean, copper prices are firm, and I saw a number in a report today that said iron ore is going to be up 60% this year.


Al: I want to tell you a funny story about that Chris Burry, Dr. Michael Burry’s son, came on the show about 3 weeks ago and he was talking about iron ore and I said you know what? I don’t know much about you Chris, but I know your dad really well and I know that his observations have been really really accurate, and it would appear that Chris’ are very accurate also. What’s the deal with ion ore?


Roger: Well primarily the deal with iron ore is that Asia has an almost insatiable demand for iron ore. Not only are they building all these cars and trucks, but the infrastructure requirements for steel and iron are tremendous, and the prices are going up a lot because of limitations on coking coal for making iron ore and steel, and also for the limitations of the furnaces and the equipment that they have to make it. People don’t really understand, Al, I don’t think they understand how big China is and the insatiable demand that they’ve got for base metals like copper and iron ore.


Al: Bigger and bigger.


Roger: Keep in mind that China has over 100 cities with over a million people, and almost all of it’s growing, and they’ve got the push on. They’re trying to control inflation which is getting out of hand, but at the same time they don’t want to curtail everything, they don’t want to shut it down, they want to keep the ball rolling and they’re spreading out.


Al: I want to change horses just a little bit, so to speak, in mid-stream, so I hope we don’t drown, but we’re in a bit of a correction right now in terms of precious metals. Silver was on an absolute tear, over $30 very recently, gold was on a tear, up at well over $1400 just recently, backed off a little bit, now gold is down in the low to mid $1300 and ounce, silver is down just a shade over $27 an ounce, $26 an ounce, whatever. Chatting with Randy Turner earlier, Randy feels that we’re in a correction that is very healthy. His comment was if the price of gold continues to go up at an almost vertical level, he said that the crash then could be really significant. He said ‘I think the correction that we’re going through right now is normal,’ and he said ‘I think it’s healthy’. What does Trader Rog think?


Roger: I absolutely agree with that. When you think about it, the high we had recently in gold was like $1432 and on this day we’ve been touching my floor number that I figured we’d have good support at $1325, so $100, big deal. Out of $1400, $100 is just a tiny little move, and you have to have these corrections technically because that’s just the way trading is. When people make money, they take their money. We have a technical correction, we find a new support, and then we go higher.


Al: No question about it. Let’s wrap it up by you telling the folks a little bit about trader tracks. It’s a great newsletter.


Roger: Trader Tracks was founded by myself and Jay Taylor in 2004 and we’ve been growing steadily every year. I put out my biggest issue last week before the Vancouver Resource Conference- we did 30 pages. Normally we don’t do that much, we do 20-24 pages a week, it comes out by e-mail on Friday night, and the topics we cover generally are some politics and economics, but we also focus primarily on gold and silver and trading and shares. I would say at this juncture there’s maybe 85% of our readers are busy with the shares both junior and senior, with a focus on the junior. So we address that to the extent that we can, but the letter has been growing in the futures and commodities area as well, and personally that’s what I do for my own retirement account.


Al: I’m going to make it easier. Nobody’s going to remember this stuff so we’re going to make it real easy, and that is that we provide a link on our website to Trader Tracks. Roger is also featured every single day on our website so if you simply click on the segment that he does for us every day, actually 2 segments, you can get all the information there also. Let me tell you, this guy knows what he’s talking about. He’s very bright. There are no conflicts of interest in his newsletter, in the sense that I know for a fact that he does not invest in the companies that he writes up. Not because he doesn’t believe in them, but because he doesn’t want to have any conflict of interest. I’m a little different; I do invest in the companies because you guys know about every single thing that I do. Don’t construe what Roger and I are saying as investment advice because it’s not, neither one of us are registered investment advisors, we are simply telling you what we’re doing ourselves. Thanks for watching.



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Monday, February 14, 2011

Industry Watch: Exclusive interview with Silver Quest CEO about large Yukon gold/silver project



January 25, 2011: Silver Quest CEO Randy Turner discusses his company’s huge property in a prime location in the Yukon, as well as their other project.


Silver Quest Resources Ltd. (TSX.V:SQI) is a mineral exploration company listed on the TSX Venture Exchange. With current projects located across Canada, and a portfolio of projects that range from early stage grassroots exploration to advanced-stage resource expansion, the Company is positioned to add shareholder value through systematic project advancement. At the same time, management continues to evaluate additional advanced-stage silver and gold projects for possible acquisition.


Interview Transcript:

Al: Hey, I’m Al Korelin, thanks very much for joining me. We are winding down our video shoots up here in Vancouver, British Colombia which we started a couple of days ago at the Cambridge House Investment Conference. I want to say once more for the last time – I promise I won’t say this again: that is one of the best venues out there for people who want to increase their exposure and increase their knowledge of the resource industry. Joe Martin and his crew really do a good job. So if you’re ever in the area of one of these conferences, you really need to attend. One of the joys of coming to these conferences for me is that I get to sit down one-on-one with some of our clients and really some of our friends. The gentleman who I’m about to chat with falls into the category of being a friend. Even though I haven’t known him for a long time, I’ve known of him for a long time- Randy Turner. Randy is the president of Silver Quest, one of our newest sponsors. Great to have you with us.


Randy: Thank you Al.


Al: How about an overview of Silver Quest. You’ve been on our site now for just a couple of weeks, so lets tell the folks out there what you’re all about.


Randy: Okay, well Silver Quest is actually one of the oldest companies on the exchange. It’s been around over 50 years, and ironically the original property that took the company public is still in the company- it’s in the Yukon, a major silver property. I took the company over about a year and a half ago as President and CEO, although I had been a long term Director and shareholder- since the early 90's. Our main focus is in Western Canada, both in the Yukon and British Colombia, and we do have a project in Northern Ontario. Gold / silver focus, with several major projects in BC where there are resources. Yukon is more exploration, grassroots, so we had a very extensive program this past year- we spent over $5 million both in central BC and the Yukon in land acquisition, geochemistry, and drilling. This year is going to be even more active, so the company has basically moved from the 10-15 cent level up to the dollar level. It’s now pulled back to around the 50-cent level, but we’re all geared up, well financed, and ready to go for this year.


Al: Randy, I want to talk about all three of the areas where your assets are located but I really want to start out with the Yukon. The reason I want to do that is that I think that area play is going to be huge this year- I really do. You’ve got a host of companies up there very, very active, and a lot of the companies that are very active up there don’t have the management that Silver Quest does- you guys have been around a long time, you’re veterans in the area for lack of a better term. Let’s talk about your assets in the Yukon first of all. Describe the assets, the size of the assets, and what you plan to do during 2011.


Randy: Silver Quest is actually the 3rd largest landholder within the white-gold area, which is where the original discovery was made about 3 years ago that got the attention focused back on the Yukon. We’ve concentrated on, in this area, up to the Alaska border, we have over 6,000 claims.


Al: That’s a big area.


Randy: Yeah. All these claims that were acquired were based on work that we did through geochemistry, through sampling, through technical ideas that we had, and we built up this portfolio of properties. We have done some acquisitions from other companies, from other prospectors, and for all the properties there’s a reason for having them. We joined a company called Kaminak, which has made a very significant discovery last year. We’re just immediately west of Underworld, which is now owned by Kinross, Kinross bought them out last year in March for about $160 million. So we did this basically over the last year and a half, this land acquisition. We also went in and did a tremendous amount of sampling. This past year we did over 15,000 soil samples, which is really one of the major tools that you use for exploration. It’s not glaciated in the Yukon, so what you get on the surface is generally what you get below. We did just under 5,000 metres of drilling, and we got sniffs of gold, and arsenic, and copper, and silver in some of the holes. Basically, we’ve just touched the tip of the iceberg. I think that all of us who have been in the business for many years will say that this Yukon is one of the big frontiers, the last frontiers, and is probably going to be one of the most exciting places for the next 3-5 years.


Al: I don’t think there’s any question about that, I really don’t. Now, I find it interesting being a shareholder of Silver Quest, which I have to disclose, among other things, but I do own some stock in Silver Quest, which I bought out of the market. So don’t construe what I’m saying as necessarily being arm’s-length information, because Big Al is a shareholder, so I’m highly biased in this particular case. Randy, you are the 3rd largest land holder in the Yukon. Now does that mean that the efforts of Silver Quest in 2011 will probably be focused on the Yukon as opposed to the property in B.C. and the other one?


Randy: I will say that three quarters of the work will be orientated to the Yukon, and a quarter will be orientated to B.C., budget-wise. The difference is that in the Yukon, we can’t get up there until about the first of May, and you have about a 6 month window of exploration- by Canadian thanksgiving time, you’ve got to be out of there. The snow is flying. Whereas our project in B.C., you can start in March, so we’ve got a jump in there. But certainly the focus will be on the Yukon. A lot of it has to do with the short window of exploration- so we’ve already applied for permits for our exploration camps which we will be getting in the next few weeks, we’ve already started community consultations with the First Nations groups, and we’ve laid out our basic exploration plans already for this upcoming season. So again a major sampling program, some additional drilling, some geophysics, so it’s going to be a fun, exciting year.


Al: Let’s talk about the technical people you have working with Silver Quest.


Randy: We have a technical group that I’ve assembled over the years, but I think it really starts at the Board of Directors. We have some very key board of directors who are very well known in the business. We can start with Rob McLeod who was the Vice-President of Underworld, which was the original discoverer of the white gold and was taken out by Kinross. We have Yale Simpson, and Yale’s been around. He’s the chairman of Extorre and Exeter Resources, very successful company in South America.


Al: I’ve only known Yale for about 27 years. Good guy- competent guy.


Randy: John Macdonald has been with me for over 30 years as a colleague. We worked together at Esso, we worked together at our previous company Winspear Diamonds, so he brings a lot to the table both as an academic and as a technical person. We also have Michael McPhie. Michael McPhie runs one of the companies for Hunter-Dickinson, so we’ve got a very strong technical board. We’ve put together a strong exploration team too. Some of the people we’ve recruited out of the universities, they’re doing their masters and PhDs and have been focusing on the Yukon for the last several years, so when we get ready to roll this summer, we’ve got a very good technical team out there in the field.


Al: Let’s talk about the other 25% of your effort that’s going to be going into your property in British Colombia. Let’s just touch on it lightly, if you would. Describe the property and describe what you’re going to be doing there.


Randy: We have 2 major assets in central B.C., both 3 hour drives outside of Prince George. One is called the Capoose deposit, and we just announced a resource there of about 1.8 million gold equivalent, made up of almost 900,000 ounces of gold and 51 million ounces of silver. That 43-101 was announced last week, and we’ll be putting out the final report within the next 45 days. We did 10,000 metres of drilling- it’s an open pit situation. We also announced the metallurgy, there’s almost 90% recovery in the gold, so that’s another positive for the project. We also have a 25% interest in a project called the Davidson. Davidson is again a porphyry style gold/silver project 30kms to the East. The operator of that project is going to be called Richfield Ventures. They even announced today a major hole just south of our property which adjoins a major deposit that we have, so we’re going to be in there this winter on a major drill program, so that’s where our efforts are going to go. So we’re contributing 25% to that project, and the Capoose Project we have 100%, so far for the plans for this year for Capoose there’ll be additional drilling too, to find out the extent of the deposit at depth and along strike.


Al: These guys are really well diversified geographically. We’ve talked about the 3 areas that Silver Quest is active in right now, and it’s a bit of an endorsement on my part. Don’t construe this as being investment advice because it’s not. I’m not a registered investment advisor - I’m not telling you what to buy or what to sell if you’re at all involved in the market, I’m simply saying that these are companies that we are involved in, and these are companies that I’m personally active in. That’s not to say that you should be, so you have to do your own due diligence. If you want more information on Silver Quest, all you have to do is click on the banner on the site and you can get a host of information that’ll allow you to make your own individual decisions. What I want to say is that Randy Turner’s been around for a long time in the business, fortunately as I have. This guy has got a huge track record of successes, and I don’t see any reason why that will stop in the near future or long term future for that matter. Randy, always a pleasure buddy, thank you.


Randy: Thank you very much Al.


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Friday, February 11, 2011

Industry Watch: Exclusive interview with CEO of Caza Gold about previously unexplored gold deposit in Mexico



Jan 25th, 2011: CEO of Caza Gold, Greg Myers talks about Caza Gold’s unique projects in Nicaragua and Mexico, including previously unexplored gold deposits on lad that had been local family owned for over 100-years.


Caza Gold Corp. (TSX.V: CZY; CZ6: FSE) is a new gold resource company focused on acquiring, exploring and developing prospective gold mining properties in Mexico and Nicaragua. Our goal is to create shareholder value by discovering and acquiring gold deposits that have the potential to become large tonnage or high-grade gold mines. Caza currently holds two attractive gold exploration projects in Mexico and Nicaragua, and plans additional key acquisitions.


Interview Transcript:


Al: Hey I’m Al Korelin, thanks very much for joining me. We have spent the last couple days up here in Vancouver, British Colombia. We were shooting video at the Cambridge House investment conference Sunday and Monday, and we are in our studios today updating you on a couple of our sponsor companies, one of the companies being Caza Gold. Caza Gold is run by a PhD Geologist by the name of Greg Myers. Greg is a really really good guy. This company is active in both Nicaragua and Mexico. I have to tell you something in the interest of full disclosure: Big Al did buy stock in this company a while back. It was actually on the initial public offering, and I’m very very glad I did, so for gosh sakes don’t construe this as investment advice because it’s not- I’m just telling you what I have done in the past. This is a company that is a sponsor on our website, if you want more information, click on their banner. It’s a really interesting situation, Greg. We talked on the air, in terms of radio, about what’s going on with Caza in Nicaragua and Mexico over the weekend. Do us a favor if you would and give an overview of the company, talking about your assets in both those countries.


Greg: Ok, well we’ve just become public in the last few weeks, and we have two projects we’ll be pursuing in Mexico, with the drilling program starting next month. That project is the Santiago project- a series of high grade veins that we’ll be testing and extending as much as possible. It’s been in the same family for 100 years, never had any exploration, so it’s a unique opportunity.


Al: What did the family do with that for 100 years?


Greg: Well, they did small workings on the high-grade veins, and they’d go in and mine a little gold when they got hungry. They’re small little adits, 25 metres is a deep one, so it was kind of a nice little operation for them.


Al: How did you find that?


Greg: Well it was a former X-men property. They had acquired it, but had never done any work, so it was a chance for us to get in and do something with this family and try and work something out with them.


Al: Now if I’m not mistaken, the work so far has been basically surface sampling and you’re going to go in with some rigs, is that right?


Greg: That’s right. We’ve been surface sampling- we’ve got a couple of crews down there right now and they have been for two months and we’re going to start drilling probably around the end of February. Right now we’re building drill roads to get into the area.


Al: Let’s go south a little bit to Nicaragua. How did you guys get interested down there?


Greg: I have a friend that I’ve worked with for 25 years- he worked for me at Phelps Dodge and a couple other areas, and he came to me at the beginning of December and said that he had just identified a very interesting target that I should take a look at. So I hopped on a plane, flew down and looked, and I got out to the property with some maps and- you know how you have an 8.5’ by 11’ page and you say ‘oh, I’ll walk around here’ and I stood there and looked at the mountain we had to climb and was amazed at what I saw. It was just absolutely huge. So we started hiking, and every rock we looked at was altered, and every rock we looked at had interesting potential mineralization to it. After 4 hours of hiking I realized I was only about a quarter of the way into the target area so I realized I had a tiger by the tail. So that’s how we got into it. I immediately knew it was something we had to acquire, so I talked with my friend and his associates and we were able to come to terms.


Al: And strike a deal, so to speak.


Greg: Yeah.


Al: What exactly are you guys doing down there right now?


Greg: We have several geologists on site doing surface mapping and sampling trying to further define the geochemical anomaly. Previous sampling- there had been about 2,000 samples taken in the past and they were only on ridge tops, so it was a limited sampling array that we had. We tried to expand that, and that’s what we’re doing now.


Al: Now if I’m not mistaken, chatting with you over the weekend at the show, you were saying that in terms of your efforts, you’re not focusing necessarily in Nicaragua or Mexico, you’re working both areas concurrently.


Greg: That’s right. We have 3 separate projects operating at the same time right now. 2 in Mexico, and (one in) Nicaragua.


Al: If I were to ask you ‘what do you plan specifically to do for the remainder of 2011?’ which is damn near a year at this point- it’s basically exploration work, correct?


Greg: That’s right. We’ll be drilling all 3 projects in the course of the year, and a lot of surface work on all 3 as well. So really defining targets, make sure we’re drilling the right ones, and then making sure we drill.


Al: How’d you get involved with Caza Gold? Brad Cooke is an old friend of mine, and I know he only brings really qualified people to the team. Now I know that you’re really qualified, but how did you guys get together?


Greg: I had a friend that introduced us about a year ago. I knew that they had an opportunity and Brad talked to me about coming on and helping with Caza- it had been sitting private for a while. He said ‘why don’t you come in and help us go public?’ It looked like an interesting opportunity- I looked at the projects and thought ‘these have some potential,’ we went out and looked at the projects in the field and there was a lot more to it than what it looked like on paper so I got excited. The rest is history- we hit it off very well, I really like working with Brad-


Al: The whole team are really good guys.


Greg: Yeah.


Al: I’ve known him (Brad) for over 20 years- he’s a really good guy.


Greg: It’s nice. They have a strong set of ethics, and I like working for people like that.


Al: Sure- me too. Caza Gold- take a look at it. If you want more information, click on the banner on our website. Let me say again, Big Al is highly biased in this situation. We have bought stock in the company, we’re glad that we did. Remember that I’m not a registered Investment Advisor, so don’t construe this as being investment advice because I’m not telling you to buy anything or sell anything. I’m telling you that this is an opportunity that I seized upon- if you want to examine it take a look and see if you don’t agree with me- just click on their banner. Greg, always a pleasure buddy.


Greg: Great, thank you.


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Thursday, February 10, 2011

Industry Watch: Del Steiner discusses Premium Exploration's new discovery in Idaho Gold Project



January 24th, 2011: Del Steiner, CEO of Premium Exploration talks with Al Korelin at the Cambridge House Investment Conference about a new discovery and the potential for more discoveries in their Idaho Gold Project.

Premium Exploration Inc. (TSX-V:PEM) is focused on gold exploration at its district-sized land package along the Orogrande Shear Zone ("OSZ") in Central Idaho, USA; the 4th largest gold producing country in the world.
The "OSZ" has an extensive, historic mining history. It is a major regional structure with multiple known zones of gold mineralization and has the potential to become the first modern gold mining district in Idaho. Armed with a proven exploration strategy, advancing gold resources, and 30 Km of drill-ready targets, Premium is well positioned to create shareholder value through exploration, discovery, and the development of this emerging gold district.


Interview Transcript:


Al: Hey I’m Al Korelin, thanks so much for joining me. This video was originating from the Cambridge House investment conference in Vancouver, British Colombia, the show that we’ve been attending almost exclusively for the last 20 years. These guys are really good guys- you can really increase your knowledge of the resource industry by coming to these shows. I’m chatting right now with Del Steiner, an old friend. Cathy and I have known Del and Ellie for probably 25 years now. Del is the president of one of our sponsor companies, Premium Exploration. We shot a video on the company here actually; about 6 or 8 months ago and we got some pretty good coverage there.


Del: Good coverage.


Al: Property in Idaho that may very well turn into a major mining district. Let’s talk about it.


Del: As you know, we just finished the 10,000-metre drill program we were starting on when you were down this summer. The data has come back on that program: we’ve had good results in every hole drilled, 28 total holes. We’ve got a couple that aren’t back yet, but what we’ve done is we’ve expanded the size of the resource- there was a half million ounces there when we started in the original 43-101. Hopefully we’ve added a substantial amount to that; in fact we know we have. Interestingly, in doing that we’ve found two new discoveries on that segment of the property, one on the lower level and one paralleling the existing resource like railroad tracks. The one to the west, the new discovery that’s running parallel seems to have the same kind of material with excellent grade on it, 1.4 grams in the discovery hole, 40 metres of width to this point, but that’s the first hole in it. So we’re extremely happy with the results coming off that program. 2011 will be a new year. We will do 25,000 to 50,000 metres, depending on how everything comes out wit the idea in mind of advancing the resource with two drills and sending two drills both north and south on the strike of that 30 km sheer zone and making some new discoveries.


Al: Now how long until we get more into the development stage? You’re exploring, you’re getting great results, when do we get to development?


Del: We’ve started development as we speak. The scoping has started. We need the rest of these results. The new 43-101 will fit into that development, and then the engineering will start, as far as looking at potential mine plans.


Al: Now you talk about the new 43-101. When is that going to be available?


Del: We’re looking to have that out at the end of February. The last items in that are these two new drill holes that all of the results aren’t back from, from the last drilling in December. We now have the 30km of airborne geophysics interpreted, 5000 new soils in place that parallel the geophysics almost to a T. This is not a glaciated area, so the soils are an excellent indication of what there and we have substantial indication of half gram at surface in a number of areas, so we think that we can pinpoint target some step-outs both north and south for some new discoveries, along with the 2 we’ve already made, and the ounce potential of this thing will go up exponentially.


Al: So I’ve been following your company for a long long time, and I would have to say that the level of progress that has been achieved in the last 3 years or thereabouts has really really ramped up what’s going on down there. I mean, you guys are really active, you’re spending a lot of money, you’ve got a great staff down there, it strikes me that 2011 is going to be a year that you’re going to see some very significant- or should I say interested parties are going to see a very significant news flow.


Del: That’s correct. Actually, the news flow started in ’09 and through 2010 and that will speed up a lot with 4 drills running, and so there will be fairly constant news the entire length of 2011.


Al: And we are going to be providing you with that information as it comes out, both in video form and on the air. In the interest of full disclosure, Big Al has to say a couple of things: I’m highly prejudiced here so don’t construe what I’m saying as investment advice. Number 1 the Steiner family are friends of ours so I’ve got a little bit of emotional contact there, I also own stock in the company and have for some time now, they’re also a sponsor on our website. If you want to get more information on Premium Exploration, simply click on their banner, watch the video, and see what you think for yourself. Del, always a pleasure buddy.


Del: Thanks very much Al, I appreciate it.


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Wednesday, February 9, 2011

Industry Watch: American Manganese President, Larry Reaugh, talks with Al @ Cambridge House



January 24th, 2011: Larry Reaugh, President and CEO of American Manganese Inc., discusses
their development in Arizona and their potential to become the lowest cost producer of
electrolytic manganese in the world.

AMERICAN MANGANESE INC. (TSX.V: AMY) is a junior resources company with its
headquarters in White Rock, part of the Greater Vancouver region of B.C. Canada. Its
focus is on mineral properties and commodities used in the Steel Industry, expanding
from its Rocher Deboule property in British Columbia with the addition of Manganese
properties in Arizona and British Columbia as well as 2 Niobium properties in B.C.

Mr. Reaugh has forty-seven years' experience in the mining industry and for the past
thirty years he has been the CEO & President of several exploration, development and
producing mining companies listed on the TSX, TSX Venture and NSDAQ exchanges.
Several of his companies have made significant discoveries, three of which (gold) went
on to be producing mines. Through his career Mr. Reaugh has raised in excess of $250
million for junior resource mining companies. Currently he is the CEO of three public
companies which fall under the aegis of The Reaugh Group: American Manganese Inc.,
Goldrea Resources Inc., and Molycor Gold Corp.

Interview Transcript:

Al: Hey I’m Al Korelin, thanks so much for joining me. We are shooting this video
in Vancouver, British Colombia at the Cambridge House investment conference. I’m
chatting with an old friend right now, Larry Reaugh. I’ve only known Larry for probably,
what, 22-25 years?

Larry: Well probably 29 years now.

Al: 29 years! We’re a couple of old warhorses. Larry is one of the more successful
guys. Let me be perfectly honest- he’s an incredibly successful persona in the mining
industry. He’s had some really really good luck over the years in terms of taking mines to
production. He’s at it again with a new company American Manganese- Their property
is in Arizona. You know it’s interesting because I just did a radio spot with Dr. Michael
Burry and his son Chris- guess what his favourite subject is right now? Manganese, and
he’s coming down to visit your property. Talk to me about the company.

Larry: Well, it’s an interesting project. We’re probably the only pure play of manganese
in the United States, but the interesting part of it is that we’re going to be producing value
added product. It’ll be the metal, called EMM, which is Electrolytic Manganese Metal,
or we could produce the EMD which is used in your batteries. That’s a pretty fair sized
market- it’s about 140,000 tonnes a year, but the metal is about 1.2 million tonnes a year,
so it’s a fair sized market. We’re looking at a 50,000 tonnes/day production. Critical
metals are now becoming the buzzword, and certainly—

Al: The buzzword! That’s the understatement of the decade.

Larry: Yeah. Critical metals, if you look at the chart in the US, you’ll find that
Manganese is at the top for critical metal. No production in manganese- it’s essential for
the military, it’s essential for the aluminum industry, and it’s essential for steel. I’ll make
a quote here. Brian Gilbertson, the CEO of Pallinghurst, used to be the CEO of BHP, his
quote is “if you don’t have manganese, you can’t make steel. If you can’t make steel, the
world stops.” Simple as that.

Al: Dead in its tracks. Tell me about your property in Arizona.

Larry: We’ve got a 43101 resource of indicated 6.7 million – billion – pounds, and
we’ve got an inferred of 8.9 billion pounds.

Al: These are 43101 numbers?

Larry: These are 43101 numbers, we’ve got a PEA, a preliminary economic evaluation
which is 43101 which states that we’re going to be the lowest cost producer of
electrolytic manganese in the world.

Al: Well how far away from production is the company?

Larry: It should be in production in 2014. We just began our pre-feasibility studies, and
we’re doing a big pilot plant test on a process which is a green process, which is water
efficient, and energy efficient, and that process is being piloted by Kemetco, and that is
underway as we speak.

Al: Interesting. Now, the company right now is trading under a dollar on the TSX venture
exchange.

Larry: Yeah. It’s trading around 39 cents, and it just caught fire. We’re doing a placement
at 30 cents, which is completed, well oversold. I’m not sure exactly how much, but at
least by just under a double.

Al: Right. Interesting situation. We are going to, in the interest of full disclosure, we’re
going to be following American Manganese, they will be a sponsor on our website
beginning February first. I have to say, in the interest of full disclosure, one thing that’s
very important. I have just agreed to subscribe to that private placement, so big Al and
his lovely wife are going to be shareholders in American Manganese. I say that because
I want you to know that I’m not really at arm’s length. I’ve known this guy for a long
time- I wouldn’t be writing a cheque if I didn’t trust him. That’s point number 1. Point
2 is don’t construe this as investment advice- it is not. I am not a registered investment
advisor, I’m simply telling you what big Al is doing. Larry, thanks so much buddy.

Larry: Thanks Al.


To learn more visit:
http://americanmanganeseinc.com
http://kereport.com

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Industry Watch: Cache Exploration has exciting Rare Earth Deposits in East Canada



January 24th, 2011: George Brown, President of Cache Exploration, sits down with Al at the Cambridge House conference
and discusses Cache's exciting Rare Earth projects in New Brunswick and Newfoundland.

Cache is a publicly traded mineral-resource company (TSX-V:CAY) with a focus on exploration for rare-earth elements
(REE's), and other metals required by the new high tech industries and energy-saving technologies. Rare earths are
essential raw materials used in nearly all sustainable energy technologies and a wide spectrum of defense applications.


Interview Transcript:

Al: Hey I’m Al Korelin, thanks so much for joining me, doing some more video up here
at the Cambridge House investment conference. I ma chatting right now with a guy who
I’ve known for, what’s it been, 10 years maybe?

George: At least.

Al: George Brown. George is a very interesting, interesting individual. I met George
when we were doing some work for his last, I guess I would say, employer, which was
a company called Corner Bay Silver. George was the accountant, basically in charge of
the company, so we were doing a registration for the company so I did a lot of interfacing
with George there. George went on and started his own company MacMillan Gold, and
he’s got a new company right now, that I have to say in the interest of full disclosure, I
am not invested in this company and they are not a sponsor on our website so if I think
this thing stinks, I’m going to tell you so, and if I don’t think it stinks I’m going to tell
you so too, but don’t take it as investment advice because it’s not- I’m not a registered
investment advisor. George, always a pleasure.

George: Always good to see you Al.

Al: Talk to me about Cache Exploration.

George: Cache is a very new company. We’re 10 months old, we’ve been listed on
the TSX Venture since March first 2010. In our first less than a year we’ve acquired
4 rare earth projects, 2 in Newfoundland, 2 in New Brunswick. We’ve already done
$400,000 of work on them- we’ve advanced them to drill target stage. As we speak we’re
completing a 7 hole phase 1 drill campaign at our Wellsford rare earth . The seventh hole
is expected to be finished today or tomorrow. We did 6 holes starting in December, and
I don’t know what you know about rare earths, but we have aplite dykes that appear at
surface and what we’ve done is do 6 shallow holes to try to determine what direction
they’re coming from because there’s a source somewhere at depth. At the end of the 6
hole campaign we decided to go ahead, add a seventh hole, that’s being done right now,
that we’re going 300 metres straight down to take our shot at it.

Al: A thousand feet.

George: Yep.

Al: Wow.

George: Yeah. Now there’s no guarantees, obviously, in our business. I’ve just spent
the last two days at the rare earth symposium here at Cambridge and I’ve compared our
project to many others, and what I really like is our logistics. We’re in New Brunswick,
we’re on paved roads, high power line, and right on the St. John’s river. We’ve got
excellent shipping facilities for anything, like if we ever get to the concentrate stage the
power’s there, it’s a populated area, and there’s no other companies in this play because
we staked all of it. The only thing we don’t have is underneath the military base at
Gagetown which nobody’s going to get.

Al: Nobody’s going down there. How’d you find this asset?

George: Our technical directors are Reg Olson of Edmonton who has been a consultant
to the mining industry for many many decades, very well respected, and our rare earth
specialist is Dr. David Lentz. He’s the economic chair at the School of Geology at UNB
in the Maritimes. He consults to all the rare earth companies in North America especially
Canada, so he’s one of the known rare earth specialists. He’s on our board and he’s the
person telling us which projects we should be looking at, how to do our work, all our
summer work was done by UNB students.

Al: I have to tell you- as our listeners are aware, I am very very bullish on rare elements,
and the reason I am number 1 is because of the situation vis-Ă -vis mainland China, I
mean 97% of them, the REEs come from mainland China right now- that has to change,
simply has to change. I mean, look at the size of the VAT that they have when it comes to
that particular supply stream- it’s a little scary because they basically, right now, control
it.

George: At the symposium they were pretty clear that they feel that with all the new uses
for rare earths coming out in the high tech and the environmental applications, the hybrid
vehicles, the wind generating uses, that even China will become an importer of rare
earths in the near future.

Al: Oh yeah, with the internal demand that they have- I talked about this earlier today
with some of your colleagues- and with the internal amount of demand that they have,
they’re going to have to import, there’s no question. I personally thing that because of the
strategic importance of these particular assets, I think it’s a great sector to be involved in,
I really do.

George: We think they’re the minerals of the future.

Al: Tell me about your cash situation.

George: For a 10 month old company, this drilling program is exciting because it’s our
first drilling ever, and it’s 7 holes that we expect to have out by the PDAC (Prospectors
& Developers Association of Canada Convention), first week of March. We have $1.2
million of flow through raised at the end of November that is our 2011 spending, so
we’re funded for all of our exploration for this year, and from our original financing
December ‘09, those warrants were exercised in 2010, we have $400,000 hard dollars. So
we have $1.6 million in a small—

Al: So you’ve got over a million and a half bucks that’ll carry you through 2011.

George: Oh our 2011 is all taken care of. I priced our warrants at 40 at the 35 cent flow
through, so I expect that money to be in for another $1.7 million the following year. So
we know and you know that we are fairly frugal in the way we operate, so a million six in
our hands I going a long way. Interesting thing in New Brunswick- we drilled 2 projects,
the New Brunswick government gave us 50% of the first $80,000 on the Welsford
drilling, and they’re giving us 50% of the first $90,000 on our long lake drilling. That’s
like $200,000 of drilling we’ve done for $120,000.

Al: So you guys are in great shape.

George: We’re in great shape.

Al: If you want to get more information on Cache, here’s how I would suggest you get it:
go to their website, which is-

George: CacheExploration.com

Al: And we’re going to put that graphic in underneath this video. Again don’t construe
this as trading advice because it’s not. I am not a registered Investment Advisor, neither
is George. I also want to say that I have no financial interest in the company. That’s not
to say that it wont change when I decide to buy some shares in this company, you will be
the first to know prior to that fact. Thanks for watching.


To learn more visit:
http://cacheexploration.com
http://kereport.com

http://evenkeelmedia.com

Tuesday, February 8, 2011

Industry Watch: South American Silver moves forward with work in Bolivia



January 24th, 2011: Greg Johnson, President of South American Silver, sits down with Al Korelin at the Cambridge House
Investment conference in Vancouver, BC and discusses the recent work done on their Silver-Indium project in Bolivia.

Interview Transcript:

Al: Hey I'm Al Korelin, thanks so much for joining me. We are in Vancouver, British Columbia, at the Cambridge House
Investment Conference. Chatting with an old friend of mine, Greg Johnson. Greg is the president of South American Silver.
As you are aware, South American Silver is one of our sponsor companies. What does that mean? Well that means
you can click on their banner and get all the information you want on the company. Greg, how you doing buddy?

Greg: Doing Good. Good to be back.

Al: We haven't chatted for a couple of month. Your stock has done very well, it's escalated in price. Came back a little bit
in terms of a correction but you're still significantly higher than you were six months ago. What's happening down
in South America?

Greg: Well, you know the sector had a big move in the fall, we moved up with it. As well as, you know, we've had a correction
since early December, in the silver stocks in particular. So we're at a pretty attractive point here. We've got a lot of
activity down on the ground. We've just wrapped up a major drill program on our Silver-Indium project in Bolivia. So that
is going to leading to an update on the engineering study at the end of Q1 and an updated resource as well so I think the
market is anticipating both of those. That'll then allow us to move into the pre-feasibility process later this year, which
is advancing that project pretty rapidly. And then we have a second asset which is in Chile which is copper-gold and we're
just getting preparations going for that to start an exploration program this quarter. So again, I think that's an exciting one
because that's going to rapidly move to a resource definition stage and has the opportunity to add all new metals to the
companies reserve base and resource base.

Al: Greg, you have a different asset though, one that you haven't talked about right now. I know silver is your main; it's in
the name and in your mind it's the main asset in that particular area but you've got another asset that's very important in
terms of a rare element. Let's talk about that a little bit.

Greg: Yeah. Actually on both projects they are a mixed metal. So the silver project contains Indium, which is a high technology
metal. It's what goes into your flat panel screens. Goes into touch screen technology like the ipod and itouch. It also has a lot
of growth potential in the l.e.d. lighting market and in the thin film solar panel industry. It was recently highlighted by
the department of energy as one of the critical metals along with some of the rare earths for the green energy economy,
and there are very few primary producers of indium.

Al: We were talking off the air last week, and you were telling me about you have already been approached by various
organizations saying, 'we'll take all that you can supply to us.'

Greg: Yes. Basically, indium right now is primarily produced as a by-product of zinc production. So there's very little
marginal primary indium production to be able to be brought to market. And the flat panel manufacturers, people who are
making solar panels, are looking to secure supplies of this metal…

Al: And they're saying, 'We'll take all you can give us.'

Greg: Basically. Our indications are that it's a very tight market, and that a new, large, stable, long term supply like this
would be very attractive. And there may be parties that are interested to effectively participate in some kind of financing
on the back of the indium that could basically allow us to move the project forward and have the silver completely
unhedged which would be a very attractive proposition for the share holders.

Al: Oh yeah. Okay, plans for the remainder of 2011; basically, let's take it quarter by quarter. What are you guys gonna be
doing down there?

Greg: So 2011, on the silver-indium project we're wrapping up this preliminary economic assessment study. There's
going to be a major new engineering study. Updated resource. And then kicking off drilling and engineering for pre-feasibility
for the remainder of the year. So there will be a good, steady flow of news on that project. Down in Chile, kicking off a
major exploration program that's probably going to include geophysics. Probably some deep I.P. testing for this type
of porphyry target. Some drilling, surface sampling. And then look to probably have a resource out later in 2011 on that.
So again, good steady flow of news over the next 6-12 months on two projects. Metals of both silver, indium, copper and gold.

Al: So you're gonna be a busy guy?

Greg: It's gonna be a very busy year for the company but an exciting year and we still remain very bullish for the precious
metals even though this correction that started in December has kicked in. We think this has just presented a great buying
opportunity for investors.

Al: Oh, I don't think there's any question what so ever about that. Couple of comments. Number one; in the interest
of full disclosure, I'm not a registered investment advisor and neither is Greg so don't take this as investment advise, it's not.
I'm simply telling you, and Greg is telling you about, a company we are both, obviously Greg is very close to it.
I'm also very close to it. We like the situation. Learn more about it. I think that would be very, very important. It's going to
be an exciting year for South American Silver. Greg will be on our show probably every other week, updating with news
so stay tuned and learn more about what's going on in South America with South American Silver. Thanks for watching.

Greg: Thanks, Al.


To Learn More Visit:
http://soamsilver.com
http://kereport.com

http://evenkeelmedia.com


Monday, February 7, 2011

Industry Watch: Ron Coombes chats about White Tiger's New Discovery @ Gold Project in Ontario


January 24th, 2011: Ron Coombes, President and CEO of White Tiger Mining Corp, visits Al @ the Cambridge House
Investment conference in Vancouver BC and talks about some new discoveries and intersections from their latest
drilling programs on their Marshall Lake Gold Project.

To read full press release with drill results visit:
http://www.whitetigermining.com/index...

Interview Transcript:

Al: Hey I'm Al Korelin thanks so much for joining me. We are recording this video, you're looking at the wrong camera
Ronnie. We need to look at this camera because if you look at that camera you look funny. We're recording this video,
little levity here to start this very long day, recording this video here in Vancouver, British Columbia at the Cambridge
House Investment Conference. Great show, Joe Martin and the crew do a really really good job on this. They have
been doing this for probably close to twenty years now, maybe even a little longer and Big Al's been speaking at these
show's for almost that full length of time. It's a great place for us to come up now and Cory, Carter and I shoot videos
up here. We are chatting right now, shooting a video with a good friend of mine Ronnie Coombes. Ronnie is the
president of a company called White Tiger Resources. White Tiger has a major property in Ontario and I wanna
say they are a sponsor on our website so you know I'm highly, highly biased. Mr. Coombes, thanks for taking some
time buddy this early in the morning. It's nice of you to show up.

Ron: Al, it's a pleasure being here. You know this resources, Cambridge House showing here this year's really well attended.

Al: Ten thousand people, amazing amount of people. We shot a video with you, I guess it was about three months ago.
Let's do a little bit of an update. You guys have done a fair amount of drilling on your property up in Ontario. what's going
on up there?

Ron: Well we were quite lucky you know, Al. We have just finished the phase one program. We've drilled a brand new
discovery. It's just off of highway eleven in Ontario. So locations great. We're about eighteen or twenty kilometres away
from the railway, and as I said, we've got this brand new discovery that's twenty to sixty meters of true thickness from
surface, and it's one of those stories that's going to develop into something major I think.

Al: When you talk about developing into something major, and here's a forward-looking statement so you gotta realize
it for what it is; What do you mean?

Ron: The property historically, I will start from the all stars that have been on the ground on this property because there
have been some all-stars; Pat Sheridan, and Norm Kievel senior from Tech Hughes Group, Billeton… And it goes on and
on and on. The list is almost endless but, the unique thing is that none of them ever actually held all the ground together
under one umbrella. For the very first time now all the property has been put under one ownership and White Tiger,
fortunately, we've been very fortunate, in that we were able to take all of that data and put it into the data compilation.
Bob Middleton whose our geologist, he's been around forebears you know. He's been involved in a number of very
successful plays in Ontario in the past right. He made a brand new discovery in two thousand eight. We've taken that
data, we've completed some geophysics on surface and our first round of drilling, hole after hole, was successful in
delineating what's now a new discovery called the RM zone.

Al: Any idea in terms of the scope of that particular zone, the size?

Ron: We're right now phase two which we're going to embark on after this next placement's been completed next
week. We're going to be starting a five thousand meters drill program. Size wise… you know, twenty to sixty meters.
It's open in all directions. We've got about another two hundred fifty-three hundred meters to another known occurrence.
From there we've got pretty good geophysical anomaly heading to the south so we've got about another's six-seven
hundred meters of potential strike length on just this one showing and it's one of numerous showings on the property.
Tonnage wise, five to twenty million tons potentially I believe.

Al: You know we did an interview with Ron that aired on the radio the weekend of the twenty-ninth of January just
prior to the release of this video, and Ron was talking there specifically about what was going on in the property.
We do archive those videos, I'm sorry the radio, so you really need to check out what Ron had to say there.
Now Ron, basically you brought up three things when we were talking on the air. One of them was, we talked about
management. You're very, not management, your technical staff, you're very, very comfortable there with those people.
In terms of capital, you got plenty if I'm not mistaken. With the private placement closing right now that's gonna carry
for how long?

Ron: This next placement that's underway right now will carry us through this entire next program. We believe that
if this program is successful as we think it's going to be, we believe the continuity's been very good on this new showing...
So we should be able to have enough tonnage at the end of this program to possibly go right into a pre-feasibility right at
the end of this next program.

Al: That's a possibility okay. In terms of the asset itself, as you said, there've been a lot of all-stars on that property in the
past. You guys pretty much have all the data together so you're comfortable that it is a strong asset.

Ron: Yes. There are some historical resources on the property already that require us to go back and do some further
drilling to bring it into N.I. 43-101 compliance but you know, that's grading almost one percent copper, fifty grams silver,
three percent zinc. A little more a million tons in the one spot on the property and there's about ten or twelve showings
on the property right now that could yield some tonnage. This property really looks like a Neranda further to the east and
if that actually occurs I think there were thirty-one deposits on that property.

Al: Wow.

Ron: Yeah, It really is quite fantastic.

Al: So the skies the limit. We are looking forward to a strong news flow from White Tiger for the remainder of two thousand
eleven. Couple things I need to say. I'm about ready to buy some stock in this company and I always tell you guys
that before I do it because you know you want to know what I'm doing so to speak. Now also, I want to say that White Tiger
is a sponsor on the website so that means you can click on their banner and get all the information you want about the
company, and lastly don't construe this as investment advice because it is not. All Ron and I are doing is telling you what
we personally are doing. We're not suggesting that you do that unless you make your own decision based on your own
research. Mr. Coombes, always a pleasure. Thank you very much.

Ron: Great! Thank you very much Al.


To Learn more visit:
http://www.whitetigermining.com/
http://kereport.com/

http://evenkeelmedia.com

Friday, February 4, 2011

Industry Watch: Extorre Gold Mines Cerro Moro Project Releases Infill Drilling Results


January 24th, 2011: Yale Simpson sits down with Al at the Cambridge House Investment Conference in Vancouver, BC
to discuss Extorre Gold Mine's latest press release detailing the results of an infill drilling campaign.

Interview Transcription:

Al: Hey I'm Al Korelin thanks for joining me. More video from the Cambridge House Investment Conference being held up
here in Vancouver, British Columbia. I'm going to say this once more and that is, this in my opinion, the best investment
conference. The most well-rounded, the best attended of any conferences that we attend. We've gone over the past
twenty years or so. I am chatting right now with a good friend of mine, Yale Simpson. Yale runs basically two
companies as the chairman, Extorre Gold Mines and Exeter Resources. We've talked about both those companies numerous
times on the show. We're gonna talk today about Extorre. Couple of events have taken place there. Number one, they
came out with a press release this morning and also announced that they hired a new vice president, a young woman
by the name of Marina Trasolini. I know Marina really well. She has been on on our show a number of times before.
Formerly worked, she's a geologist, formerly worked with Lawrence Roulston. Very, very heads up woman. Yale, thanks
for joining me buddy, I appreciate it.

Yale: Thankyou.

Al: Ok, press release on results, drilling results from Cerro Moro. What's going on?

Yale: I don't think you've seen it, Al, so just to give you a picture of what we have; As background, you know we announced
our million ounce resource back in March of last year. We've been drilling it since. Part of that drilling is used to drill
between the existing holes to re-categorize our resources because we're doing this pre-feasibility study and we needed
more drilling. So that's what we call infill drilling, where it isn't designed to add any ounces to the deposit, but it gives you
a lot more confidence. So the press release today was dealing with the infill results from two other zones that constitute
the deposit Loma Escondita and Gabriella, and both of those zones in the pre-feasibility study are ear-marked for
open pit mining. And they're high grade. The press release, Al, there's grades in there that are spectacular.
Sometimes we run out of superlatives to describe some of these intersections but they're very very high grades, well in
excess of an ounce per ton, and kilo of silver. So that news is out and now the infill drilling for this pre-feasibility study
is finished. So all of the drilling emphasis, four drills on there, Cerro Moro and another drill elsewhere in Argentina;
All of it is to establish additional ounces.

Al: And what's the next step?

Yale: On Cerro Moro, now that the drilling is finished, the mining engineers will take that data and come up with their
final mining plan as part of this pre-feasibility study. Maybe I should say something here Al. On a project like ours
that has really good economics, and we put out indicative economics and we quoted two hundred and one dollars an
ounce as our kind of cash costs to produce gold, that's on a gold equivalent basis; The project, at the stage that we
did our preliminary economic assessment, was so robust financially that it didn't make any sense to go to final
feasibility, which required a lot of drilling all to satisfy the bankers. We've now been approached by a number of banks
to say 'Do you want the money to build your project?' It's robust, on a comparative basis. So we're going to finish
this work, do the mine modeling. By the second half of this year we'll be ordering equipment, the final design, to
take the project to production. So we're getting pretty close.

Al: And the current plan right now is to put this particular asset into production yourself?

Yale: Oh yes. To suggest otherwise, I would be lynched by the senior management of the company. Totally focused on
that and the reason being is that, from the economics we put out it is not a marginal project. This project, for the hundred
and thirty one million dollars in capital, should makes so much money from a cash flow point of view that... you don't
want to do anything but develop it yourself. Because on the back of that we can then expand onto other projects and
move forward. So this really is, the company maker kind of project.

Al: I have to tell you that little town is absolutley going to fall in love with you guys even more than they are now because
of the employment you're gonna be providing down there and that's fantastic.

Yale: Of course and you saw it. Twenty percent unemployment... When you're stuck, I shouldn't say stuck, maybe people
like to live down there. But when you're living way down in Patagonia where your closest friends are the penguins...

Al: Pretty isolated.

Yale: You're in a situation, where do you find another job? The fishing industry collapsed so now it's mining and so
I think the opportunities are great for them and we're getting good support.

Al: So we're talking about announcing a decision at some point in the very near future?

Yale: The the decision to say yes, going to full blown development... will be in the second half of this year because we
finish the study in July, the pre-feasibility study. We're targeting an announcement in July of how big it is again so we'll
recalculate the resources in July... this quarter. So by the end of March we're anticipating getting the environmental
approval to proceed with the project. That's a real milestone for us. A real milestone.

Al: It's huge, it really is. And then you will continue I'm assuming, and I don't want to down play the production situation
that you have, but then in that same area you have other assets, you're going to continue exploration work, you're
going to continue to grow the project.

Yale: We started... Cerro Moro has four drills on it to test other zones, but we have one drill that's kind of roaming around
other areas in Patagonia that we have because we have a big land position, we're the second-largest land holder in that whole...
big big position... so that work, we've been drilling since November. I would think, I haven't seen any results yet but within
the next month or so we should be in a position to talk about what we found in some of that other drilling. And we haven't
talked about that sort of thing for five years. It's all been focused on Caspiche, Chile and Cerro Moro.

Al: Well you've done, I have to tell you, Exeter has done a yeoman's job in terms of Caspiche. We have been there also
and that's available for viewing, what we saw is certainly available for viewing both in terms of Caspiche and Cerro Moro
on our website. I know you're real active doing video work also so there's a plethora of information out there for lack of
better terms. So where does that take you, a plethora of information? Well, in the interest of full disclosure I'll say a
couple things. Number one, I'm not a registered investment adviser so I can't tell you to buy this particular stock or
sell it, all I can tell you is why I have an interest in it. Big Al has been there... I like what I saw. I'm not an investor in
Extorre or Exeter, however they are sponsors our website... No, I take it back. I just found out this morning we actually
are investors in both companies so keeping that in mind, remember this isn't exactly arms length information from me.
I like these guys a lot to the point where, as I was reminded of this morning, we've actually, my wife an I, put our hard
earned money into both of these companies. Ok, not registered investment advise. They're a sponsor our website.
If you want any additional information so you can make your own investment decision click on the banner.
Thanks for watching.


The full press release can be seen here:
http://extorre.com/pdf/2011_news/Extorre_news_110124.pdf

Extorre Gold Mines Limited is a Canadian public company listed on the Toronto Stock Exchange (TSX) under the
symbol XG and the OTCQX in the United States under the symbol EXGMF. The Company intends to file a
registration statement with the Securities and Exchange Commission and seek listing on the NYSE-Amex.
The Cash position on January 20, 2011 was 44 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. Dr. Eric Roth is the new Chief Executive Officer
and President.


To learn more visit:
http://extorre.com
http://kereport.com

http://evenkeelmedia.com

Thursday, February 3, 2011

Industry Watch: Nova Gold President talks about Donlin and Galore Creek Gold Deposits


January 24th, 2010: Al Korelin chats with Rick Van Nieuwenhuyse, president and CEO of Nova Gold, at the Cambridge
House Investment Conference about their major gold deposits in Alaska and British Columbia.

NovaGold (NYSE-AMEX, TSX: NG) is a precious metals company engaged in the exploration and development of
mineral properties in North America. NovaGold is focused on advancing its two core properties, Donlin Creek and Galore
Creek, with the objective of becoming a low-cost million-ounce-a-year gold producer. When Donlin Creek is in
production, NovaGold's share of production for the first five years is estimated at 800,000 ounces of gold annually,
with cash costs in the lower half of the industry. Galore Creek will add additional gold, copper and silver to
NovaGold's annual production.

Interview Transcript:

Al: Hey thanks for joining me I’m Al Korelin. We are recording a video at the Cambridge House Investment
Conference in Vancouver British Columbia. This is a great conference I've been attending for the past twenty
years or so. I have to tell you Joe Martin and the crew do a fantastic job. Ten thousand people through the door
here yesterday. Very, very big deal. I'm chatting right now with Rick Van Nieuwenhuyse. Let me tell you a
little bit about Rick. I’m sure you watched the previous video cause about seven thousand of you did watch that
but having said that I’ve known Rick for a long-time. Rick is the co-founder of Nova Gold he is currently the president
of Nova Gold and chairman if I'm not mistaken.

Rick: CEO.

Al: CEO. Well, both start with a C. One of my favorite guys in the business. This guy is a really hard worker and Nova Gold
has evolved into what I think is probably, unquestionably the strongest development stage company in the
world within our industry. Rick, thanks for joining me appreciate it.

Rick: Great to see you again, Al.

Al: We shot the video about four months ago in that video we talked a little bit about kind of an update on the Nova Gold.
Let's continue that for this and then let's talk a little bit about what you guys are going to be doing in 2011.

Rick: Sounds good. Well we are focused on our are Donlin and Galore projects.

Al: As always.

Rick: As always. Just to remind people those are… Donlin Creek is a 40 million ounce gold deposit in Alaska. We’re partnered
with Barrick Gold who’s the largest gold company in the world. We’re finishing up a feasibility study update probably
June-July we’ll have it out. That'll give the up dated economic parameters for the project. What we’ve done is we’ve
changed the project from the source of power for the project. It’s a remote project. It’s gonna use 130 megawatts of
power so power is a big deal.

Al: A big deal, yeah.

Rick: And we’ve changed that over from assuming we’re gonna use diesel, to using liquid natural gas so there’s some
different capital requirements for that project verses the diesel scenario but we think the operating costs are going
to be far less and we think the environmental footprint will be more a smaller environmental footprint.

Al: You guys, don’t mean to interrupt you but us old guys have a tendency to lose our train of thought, you guys are very
environmentally conscious. I know that corporate responsibility is a very, very big portion of the identity that you're
portraying to the world. It terms of natural gas I would think that that would be a lot greener for lack of better terms
then diesel.

Rick: Absolutely. We think it's really better economics. We think it's a greener fuel. Lower CO2 emissions. Better air quality
emissions, and just overall much easier project to handle logistically. Rather than moving all that fuel up the river,
diesel fuel, up the river we would just be putting gas in the gas pipeline. So you know, we think it's a much, much
better product all the way around.

Al: What exactly, in terms of continuing development, what are you guys going to be doing this year and let's just talk
about… let's not get into some of the other areas. Let's talk specifically about what's going on up both in
British Columbia, and Alaska.

Rick: Sure. So continuing on with Alaska we’ll finish the feasibility study updates June-July. We’ll then prepare our
permitting documents by say… October-November of this year. We’ll initiate the formal permitting process.
What they refer to as the need for the nepa eis_ process. We expect that to take two to three years. Once that’s
completed then we can make a construction decision and you know, this again is a very big project. We expect
to be three to four years in construction so producing gold in 2018.

Al: You're going to… Nova Gold in 2018 will, I believe that will take you to the category of the largest gold
producer in the world. Am I wrong about that?

Rick: The deposit. That certainly would be one of the largest. Nova Gold would be at that time, with our combined with
our galore creek production we would be producing close to a million ounces of gold a year and of course a very low
cash because galore as you know is fundamentally a copper gold silver project. So you take that copper production
and silver production and net it against producing an ounce of gold so you'll end up with a very negative cash cost
for producing an ounce of gold. Blend that with the 750-800 thousand ounces of gold coming out of our share of
Donlin Creek, and you're a million ounce gold producer at near zero cash cost.

Al: That has to give you a really, really good feeling to. I mean 2018 is going to be kind of capping your career,
I mean, I'm kind of projecting ahead a little bit here but you know you and I aren’t in our thirties anymore so to
speak but boy I'm telling you, Rick Van Nieuwenhuyse is going to go down as being perhaps one of the most important
miners in history that's gotta to make you feel good man.

Rick: Well we’re in a good spot we think with the markets obviously we got 4$ copper, 1300$ gold. I mean...
we’re really in a good spot and our shareholders are very solidly behind the company. We've got source
Soros... Paulson… Kaplan... are some of our major shareholders. They believe in gold. They believe in metals. So we think
we’re in a very good spot going forward here.

Al: I don't think there's any question about that. Couple things I have to say in the name I guess I should say of full
disclosure, and that is, Nova Gold is a sponsor on our the website. That means you can click on their banner and get
all the information you want. Big Al is also a shareholder of Nova Gold so you know what, I can’t be really unbiased in
this case. I wouldn’t have written the check had I thought there was any problem there but don’t construe that as
investment advice. I'm not a registered investment adviser. I'm just telling you guys what I'm doing. Rick, always a
pleasure buddy.

Rick: Good to see you again, Al.

Al: Good to see you.

To learn more visit:

http://novagold.com
http://kereport.com

http://evenkeelmedia.com