MONTREAL, Feb. 22 /CNW Telbec/ – Colt Resources Inc. (“Colt” or the “Company”) (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is pleased to announce that it has received final analytical results for 11 holes from its ongoing drilling campaign at its Tabuaço (São Pedro das Aguias) tungsten project, located in the Company’s wholly owned Armamar-Meda concession in northern Portugal.

These results represent both resource confirmation drilling at the main Tabuaço resource area and regional exploration to test a previously identified zone that is known to outcrop at Quinta das Herédias, approximately 200 metres to the southeast of Tabuaço.

CLICK HERE TO SEE A LARGER VERSION  (2.2 Meg PNG Image)

In addition, a scout drill hole (DHT-49) recently completed by Colt Resources to test a soil geochemical anomaly at Quinta da Aveleira, approximately 750 metres northwest of the Tabuaço resource area, has intersected previously undiscovered, scheelite mineralized skarn horizons similar to those intersected at Tabuaço. These represent a grey metasomatized main unit and a pink/green banded lower unit in proximity to a granite contact. Although assay results for this new mineralization are still pending, Colt believes that this new discovery may represent an opportunity to significantly increase resources.

The collection of bulk samples using large diameter core to allow more detailed metallurgical testwork to improve recoveries and assist in designing optimal processing methods has also commenced. Colt announced the initial NI 43-101 estimate for the Tabuaço deposit in November 2011 (Press Release November 7th, 2011).

Nikolas Perrault, President and CEO of Colt, stated, “The discovery of a new zone of mineralization provides a strong indication that the Tabuaço deposit will grow. We are very pleased with this latest development and look forward to being able to release results as soon as possible.”

These results are part of an ongoing drilling program designed to provide data on the internal grade and structural consistency of the main Tabuaço skarn hosted tungsten deposit and to test extensions and nearby mineralized skarn horizons with similar characteristics to the main deposit.

 

The results are highlighted as follows:

 

 

 

Quality Assurance / Quality Control (QA/QC)

 

Sample intervals are reported as both metres (m) downhole and as true thickness, which have been calculated using cross sectional interpretation of the mineralized intercepts in three dimensions. The actual dip of the skarn controlled mineralization is generally shallow with an average dip of-20 degrees.

All drill core is transported by Company personnel from drill site to a nearby secure storage facility for logging and sampling. Sampling intervals are defined after core logging and determination of scheelite content by examination under short-wave UV-light. One half of the core is sent for analysis, while the other half is retained in the core boxes for future reference.

Samples are sent by courier to ALS Laboratory Group, Seville, Spain. Samples are analyzed for W and Sn using a metaborate fusion followed by XRF. Assay results for tungsten are reported by the laboratory as W%. WO(3) values are calculated using a conversion factor of 1.2611.

A set of standards, duplicates and blanks is inserted by Colt into the sample stream on a regular basis in addition to the laboratory’s own internal QA/QC standards and duplicates. QA/QC results to date are well within the accepted norm.

 

About Colt Resources Inc.

 

Colt Resources Inc. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on gold and tungsten. It is currently focused on advanced stage exploration projects in Portugal, where it is the largest lease holder of mineral concessions.

SRK ES Director – Gareth O’Donovan CEng MSc BA (Hons) FIMMM FGS, is the independent qualified person, as defined in NI 43-101, for Colt’s projects in Portugal. Mr. O’Donovan has reviewed the content of this press release, and consents to the information provided in the form and context in which it appears.

The Company’s shares trade on the TSX-V, symbol: GTP; the Frankfurt Stock Exchange, symbol: P01; and, the OTCQX, symbol: COLTF.

 

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain “forward-looking information”. Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Colt Resources Inc. (the “Company”), or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Company’s revised annual information form dated April 20, 2011available on SEDAR at www.sedar.com and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to ten thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

New OS delivers an enriched user experience for BlackBerry PlayBook tablet users

WATERLOO, ONTARIO– Feb. 21, 2012 - Research In Motion (RIM) (NASDAQ:RIMM)(TSX:RIM) announced that the new BlackBerry® PlayBook™ OS 2.0 will be released for download today. BlackBerry PlayBook OS 2.0 delivers an enhanced tablet experience and allows you to use the BlackBerry PlayBook in new ways throughout the day – at work and at play.

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“Building on the BlackBerry PlayBook tablet’s proven web browsing, multimedia and multitasking strengths, the new BlackBerry PlayBook OS 2.0 introduces a range of new communications and productivity enhancements as well as expanded app and content support,” said David J. Smith, SVP Mobile Computing, Research In Motion.

New BlackBerry PlayBook OS 2.0 features include:

• Integrated email client with a powerful unified inbox: With BlackBerry PlayBook OS 2.0 you have the option to use a unified inbox that consolidates all messages in one place, including messages from Facebook®, LinkedIn® and Twitter®, as well as personal and work email accounts.
• Social Integration with Calendar and Contacts apps: The built-in calendar harnesses information from social networks and makes it available where and when users need it. Contact cards are also dynamically populated with updated information from Facebook, Twitter, and LinkedIn to create a consolidated view of contacts.
• Updated BlackBerry Bridge app: BlackBerry® Bridge™ is a unique app that provides a Bluetooth® connection between your BlackBerry PlayBook and core apps on your BlackBerry® smartphone (including BBM™, Email, Contacts, Calendar and Browser) in order to let you view the content on the larger tablet display. With BlackBerry PlayBook OS 2.0, it’s easier and quicker than ever to take documents, web pages, emails and photos that appear on your BlackBerry smartphone and display them on your BlackBerry PlayBook for an optimized viewing and editing experience. The updated BlackBerry Bridge app also provides a new remote control feature that allows a BlackBerry smartphone to be used as a wireless keyboard and mouse for a BlackBerry PlayBook.
• Improved mobile productivity: Updated document editing functions, the new Print To Go app, and increased control and manageability of corporate data with BlackBerry® Balance™ allow you to get more out of your BlackBerry PlayBook every day. Plus, an updated virtual keyboard with auto correction and predictive next word completion learns how you type to enable faster, more accurate typing.
• New apps and content: Thousands of new apps are being added to BlackBerry App World™ today (including a range of Android® apps that will run on the BlackBerry PlayBook). A new BlackBerry Video Store¹ is launching today. Enhanced web browsing capabilities are also available with BlackBerry PlayBook OS 2.0.

In conjunction with the release of BlackBerry PlayBook OS 2.0, RIM is making available an initial release of BlackBerry® Mobile Fusion that will include support for managing BlackBerry PlayBook tablets and BlackBerry smartphones² in an enterprise. The full release of BlackBerry Mobile Fusion (with mobile device management capabilities for iOS and Android devices) is planned for general availability in late March 2012. For more information about BlackBerry Mobile Fusion, please visit www.blackberry.com/mobilefusion.

Availability

The BlackBerry PlayBook OS 2.0 software update is now available as a free download for all BlackBerry PlayBook tablets.

Additional Reference Material

• Inside BlackBerry blog post

• BlackBerry PlayBook web page

• BlackBerry PlayBook OS 2.0 – How to Video

• Developer’s Getting Started web page

1) BlackBerry Video Store will initially be available in the United States. Support for other countries is expected to be added later this year.

2) BlackBerry Mobile Fusion Studio can be used to manage BlackBerry smartphones through a single unified console, supporting devices activated on BlackBerry Enterprise Server version 5.0.3 or later.

About Research In Motion

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999. Today, BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe, Asia Pacific and Latin America. RIM is listed on the NASDAQ Stock Market (NASDAQ:RIMM) and the Toronto Stock Exchange (TSX:RIM). For more information, visit www.rim.com or www.blackberry.com.

Forward-looking statements in this news release are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used herein, words such as “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “intend,” “believe”, and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by RIM in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that RIM believes are appropriate in the circumstances. Many factors could cause RIM’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the “Risk Factors” section of RIM’s Annual Information Form, which is included in its Annual Report on Form 40-F (copies of which filings may be obtained at www.sedar.com or www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on RIM’s forward-looking statements. RIM has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited. RIM, Research In Motion and BlackBerry are registered with the U.S. Patent and Trademark Office and may be pending or registered in other countries. Wi-Fi is a registered trademark of the Wi-Fi Alliance. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. RIM assumes no obligations or liability and makes no representation, warranty, endorsement or guarantee in relation to any aspect of any third party products or services.

 

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StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

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ST. JOHN’S, NEWFOUNDLAND AND LABRADOR– Feb. 21, 2012 - Fortis Inc. (“Fortis” or the “Corporation”) (TSX:FTS) announced today that it has entered into an agreement to acquire CH Energy Group, Inc. (“CH Energy Group”) (NYSE:CHG) for US$65.00 per common share in cash, for an aggregate purchase price of approximately US$1.5 billion, including the assumption of approximately US$500 million of debt on closing (the “Acquisition”). The purchase price represents an approximate 10.5% premium above the most recent closing price of CH Energy Group common shares. The closing of the Acquisition, which is expected to occur within 12 months, is subject to receipt of CH Energy Group common shareholder approval; regulatory and other approvals, including those of the New York Public Service Commission (“NYPSC”) and the Federal Energy Regulatory Commission, and to the expiration of the waiting period under the Hart-Scott-Rodino Act; and the satisfaction of customary closing conditions.

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CH Energy Group is an energy delivery company headquartered in Poughkeepsie, New York. Its main business, Central Hudson Gas & Electric Corporation (“Central Hudson” or the “Company”) is a regulated transmission and distribution utility serving approximately 300,000 electric and 75,000 natural gas customers in eight counties of New York State’s Mid-Hudson River Valley. Central Hudson accounts for approximately 93% of the total assets of CH Energy Group. CH Energy Group also owns and operates Central Hudson Enterprises Corporation (“CHEC”), a non-regulated subsidiary comprised primarily of a fuel delivery business serving approximately 56,000 customers in the Mid-Atlantic Region. As of December 31, 2011, CH Energy Group’s total assets were US$1.7 billion and operating revenues and net income for 2011 totalled US$986 million and US$45 million, respectively. In 2011 Central Hudson accounted for approximately 97% of CH Energy Group’s net income.

CH Energy Group’s strategy of increased investment in utility transmission and distribution infrastructure is expected to drive its growth. Central Hudson’s annual capital expenditures are expected to exceed US$100 million on average through 2016.

“CH Energy Group’s regulated utility operations in New York State are similar to our regulated utility operations in Canada,” says Stan Marshall, President and Chief Executive Officer, Fortis Inc. “CH Energy Group will be able to avail itself of the operational, regulatory and financial expertise existent throughout Fortis. The addition of CH Energy Group to Fortis will be good for customers of Central Hudson because it will deliver tangible benefits and support the utility’s focus on enhancing customer service,” he explains.

Central Hudson’s electric assets, which comprise approximately 77% of its total assets, include approximately 9,600 miles of distribution lines and more than 600 miles of transmission lines. The electric business met a peak demand of 1,225 megawatts in 2011. Central Hudson’s natural gas assets, which comprise approximately 23% of its total assets, include approximately 1,900 miles of distribution pipelines and more than 160 miles of transmission pipelines. The gas business met a peak day demand of 115,807 Mcf in 2011. Central Hudson is subject to regulation by the NYPSC under a traditional cost-of-service model. The Company’s current senior unsecured debt rating/outlook is ‘A’/stable by both Standard & Poor’s Rating Service and Fitch Ratings and ‘A3′/stable by Moody’s Investors Service.

Central Hudson primarily relies on purchases from third-party providers and the New York Independent System Operator-administered energy and capacity markets to meet the demands of its full-service electric customers. The Company purchases its gas supply requirements from a number of suppliers at various receipt points on pipelines that it has contracted with for firm transport capacity.

Following closing of the Acquisition, the total assets of Fortis are expected to increase by approximately 16% to $17 billion. The Corporation’s regulated electric and gas utility operations will account for approximately 91% of the total assets of Fortis.

“CH Energy Group will retain substantial autonomy in the Fortis model. Its headquarters and management team will remain in Poughkeepsie, New York. We look forward to welcoming the employees of CH Energy Group to Fortis,” says Marshall.

The business operated by CH Energy Group is attractive to Fortis for the following reasons:

1. It enables Fortis to enter into the U.S. regulated electric and gas distribution business with a reasonably sized utility;

2. The Acquisition is expected to be immediately accretive to earnings per common share, excluding one-time transaction expenses;

3. CH Energy has a strong balance sheet and Central Hudson has strong investment-grade credit ratings;

4. Central Hudson, a single-state utility, operates a well-maintained electric and gas distribution system, serving a diversified, primarily residential and commercial customer base;

5. Central Hudson operates principally under cost-of-service regulation. The utility has earned stable returns and is allowed timely recovery of costs related to purchased electricity and natural gas supply, transmission and capital programs. Other positive mechanisms include full recovery and deferral provisions for pension and other post-retirement benefit expense, manufactured gas plant site remediation and revenue decoupling mechanisms. For the three years beginning on July 1, 2010, Central Hudson’s rates have been established using a 10% return on equity and a capital structure containing 48% common equity;

6. Central Hudson’s continued investment in its electric and gas businesses is expected to result in attractive rate base growth; and

7. It increases diversification of regulated assets and earnings by geographic location and regulatory jurisdiction.

Fortis has substantial experience integrating newly acquired utilities. In 2004, Fortis completed the $1.5 billion acquisition of FortisBC and FortisAlberta, (formerly, Aquila Networks Canada (British Columbia) Ltd. and Aquila Networks Canada (Alberta) Ltd., respectively), two electric utilities that today serve approximately 661,000 electricity customers in Alberta and British Columbia, Canada. In 2007, Fortis completed the $3.7 billion acquisition of FortisBC Energy (formerly known as Terasen), one of the largest natural gas distribution utilities in Canada, serving approximately 956,000 natural gas customers in British Columbia, Canada.

Fortis expects to use its multiyear committed credit facility to finance the purchase in the short term. The acquisition will be financed on a long-term basis consistent with the Corporation’s current capital structure and commitment to maintaining its A- credit rating.

Legal and financial advisors to Fortis were White & Case LLP and Bank of America Merrill Lynch, respectively.

Fortis is the largest investor-owned distribution utility in Canada, with total assets of approximately $13.6 billion and fiscal 2011 revenue totalling approximately $3.8 billion. The Corporation serves more than 2,000,000 gas and electricity customers. Its regulated holdings include electric distribution utilities in five Canadian provinces and two Caribbean countries and a natural gas utility in British Columbia, Canada. Fortis owns and operates non-regulated generation assets across Canada and in Belize and Upstate New York. It also owns hotels and commercial office and retail space in Canada.

The Common Shares; First Preference Shares, Series C; First Preference Shares, Series E; First Preference Shares, Series F; First Preference Shares, Series G and First Preference Shares, Series H of Fortis are traded on the Toronto Stock Exchange under the symbols FTS, FTS.PR.C, FTS.PR.E, FTS.PR.F, FTS.PR.G and FTS.PR.H, respectively. Fortis information can be accessed on the Corporation’s website at www.fortisinc.com and on SEDAR at www.sedar.com.

Fortis includes forward-looking information in this material within the meaning of applicable securities laws in Canada (“forward-looking information”). The purpose of the forward-looking information is to provide management’s expectations regarding the Acquisition and the expected timing and benefits thereof, the Corporation’s future growth, results of operations, performance, business prospects and opportunities, and it may not be appropriate for other purposes. All forward-looking information is given pursuant to the safe harbour provisions of applicable Canadian securities legislation. The words “anticipates”, “believes”, “budgets”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “may”, “might”, “plans”, “projects”, “schedule”, “should”, “will”, “would” and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. The forward-looking information reflects management’s current beliefs and is based on assumptions developed using information currently available to the Corporation’s management. Although Fortis believes that the forward-looking statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties, including the ability to obtain approval of the shareholders of CH Energy Group and regulatory and other approvals and to satisfy conditions to closing and the ability to realize the expected benefits of the Acquisition. For additional information on risk factors that have the potential to affect the Corporation, reference should be made to the Corporation’s continuous disclosure materials filed from time to time with Canadian securities regulatory authorities and to the heading “Business Risk Management” in the Corporation’s annual and quarterly Management Discussion and Analysis and the “Risk Factors” section of the Annual Information Form. Except as required by law, the Corporation undertakes no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise after the date hereof.

 

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StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

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Email: john@stockgurucanada.com

Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

PERTH, WESTERN AUSTRALIA– Feb. 21, 2012 - Talison Lithium Limited (“Talison” or the “Company”) (TSX:TLH) announced today that it will present at The Jefferies 2012 Global Clean Technology Conference, held in New York City on February 23, 2012. Peter Oliver, Chief Executive Officer and Managing Director, will present at 10.00am EST.

The Jefferies Global Clean Technology Conference will highlight over 100 leading public and private companies across the clean technology spectrum, bringing together industry leaders to help investors identify near and long-term investment opportunities, and to discuss clean technology trends globally.

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The presentation will be webcast, and a link to the webcast will be available on Talison’s website, prior to the event, at www.talisonlithium.com.

For more information about the conference or to schedule a one-on-one meeting with Mr. Oliver, please contact Talison’s investor relations representative listed below.

About Talison

Talison is a leading global producer of lithium. Talison mines and processes the lithium bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. In addition, Talison explores for lithium at the Salares 7 lithium project made up of seven salars (brine lakes and surrounding concessions) located in Region III, Chile. Talison has an extensive, well established global customer network and a leading position in the growing Chinese market.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this press release, including any information as to Talison’s mineral reserve and mineral resource estimates, strategy, projects, plans, prospects, future outlook, anticipated events or results or future financial or operating performance, may constitute “forward-looking information” within the meaning of Canadian securities laws. All statements, other than statements of historical fact, constitute forward-looking information. Forward-looking information can often, but not always, be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “predicts”, “potential”, “continue” or “believes”, or variations (including negative variations) of such words, or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might”, “potential to”, or “will” be taken, occur or be achieved or other similar expressions concerning matters that are not historical facts. The purpose of forward-looking information is to provide the reader with information about management’s expectations and plans. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made or incorporated in this press release are qualified by these cautionary statements.

Forward-looking statements are necessarily based on a number of factors, estimates and assumptions that, while considered reasonable by Talison, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors, estimates and assumptions include, but are not limited to: anticipated financial and operating performance of Talison, its subsidiaries and their respective projects; Talison’s market position; future prices of lithium or lithium concentrates; estimation of mineral reserves and mineral resources; realization of mineral reserve and mineral resource estimates; timing, amount and costs of estimated future production; grade, quality and content of concentrate produced; sale of production; capital, operating and exploration expenditures; costs and timing of the expansion of the Greenbushes Lithium Operations; exploration and development of the Salares 7 lithium project; costs and timing of future exploration; requirements for additional capital; government regulation of exploration, development and mining operations; environmental risks; reclamation and rehabilitation expenses; title disputes or claims; absence of significant risks relating to Talison’s mining operations; the costs of Talison’s hedging policy; sales risks related to China; currency; interest rates, and limitations of insurance coverage. While Talison considers these factors, estimates and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.

Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Talison and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risk factors include, amount others, those described in the unaudited condensed consolidated interim financial statements of Talison and the related notes thereto as at December 31, 2011 and for the three months ended December 31, 2011 and under the heading “Risk Factors” in the annual information form of Talison for the year ended June 30, 2011 dated September 23, 2011, each of which can be found on Talison’s SEDAR profile at www.sedar.com. While Talison considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect and actual results may vary.

Although Talison has attempted to identify statements containing important factors that could cause actual actions, event or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this press release based on the opinions and estimates of management on the date statements containing such forward-looking information are made. Except as required by law, Talison disclaims any obligation to update any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

 

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StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

John Pentony
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Email: john@stockgurucanada.com

Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 21, 2012) - Coro Mining Corp. (“Coro” or the “Company”) (TSX:COP) is pleased to announce that it has entered into an option agreement to acquire the El Desesperado Property from a local Chilean company. The 698 hectare property hosts porphyry copper style mineralization and is located approximately 7km northwest of the city of Calama, and 16km southwest of the world famous Chuquicamata copper mine, in the II Region of Chile, at an elevation of 2,500m (Figure 1: http://file.marketwire.com/release/COPFig1.pdf). The Toki Cluster porphyry copper deposits currently being evaluated by Codelco, are located immediately to the east of the property. They comprise the major Toki, Quetena, Genoveva and Opache centers of porphyry copper mineralization, each containing several hundred million tonnes of copper oxide resources, grading 0.4-0.5%Cu, and entirely covered by gravels.

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In December 2011, Codelco initiated the permitting process for production of cathode copper from the combined Quetena and Genoveva deposits. According to the publicly available Environmental Impact Study, this will involve an open pit at each of the deposits, the trucking of 30,000tpd of higher grade ore to the existing SXEW facilities at Chuquicamata, and 60,000tpd of Run of Mine dump leaching at the project site, followed by pumping of solution to Chuquicamata. Planned production is 528,000 tonnes of cathode copper over the 10 year life of the project, with an average production of 62,000 tpy Cu in the first five years. Capital investment is estimated to be US$244,000,000.

The Genoveva planned open pit rim is located approximately 1km to the east of the El Desesperado property, while the Opache deposit is located approximately 2km to the east-southeast (Figure 2: http://media3.marketwire.com/docs/COPFig2.pdf).

Alan Stephens, President and CEO of Coro, commented, “We are very pleased to have acquired the El Desesperado property. We believe that it has significant potential for the discovery of a new member of the Toki Cluster deposits, and we intend to complete surface exploration and a drilling program to confirm this. El Desesperado is the latest project in our Chilean porphyry copper exploration portfolio, which consists of the Berta project, where we expect to initiate a second drilling campaign shortly; the Chacay project, where we have a identified a significant chalcocite enrichment blanket; and Llancahue, where we plan additional drilling later this year. Together with San Jorge in Argentina, Coro is now evaluating five porphyry copper deposits, and we expect to add to this total in 2012.”

El Desesperado Option Terms

Coro may acquire 100% of the El Desesperado property for a total of US$13,000,000 by making the following staged option payments;
On signing: US$200,000 (paid)
12 months from signing: US$500,000
24 months from signing: US$1,300,000
36 months from signing: US$3,000,000
48 months from signing: US$8,000,000

In addition, a 1.9% sales royalty is payable on any production from the property, over which Coro has a first right of refusal.

About El Desesperado

Based on outcropping alteration, lithologies and copper oxides, Coro believes there is good potential in the untested northern part of the El Desesperado property to host significant mineralization of similar style to the adjacent Genoveva and Quetena deposits. These are associated with swarms of NNE oriented Eocene porphyry dykes and stocks, intruded into both Paleozoic volcanics and precursor Tertiary plutons. Zones of low grade copper mineralization associated with potassic alteration are related to the porphyries and higher copper grades occur where this has been overprinted by sericite alteration, or where later veining is present. The Toki Cluster deposits have been oxidized to depths in excess of 100m beneath the gravel cover and host major copper oxide resources, as well as significant underlying primary sulphide mineralization.
Small scale open pit mining and vat leaching of copper oxide bearing breccias, took place at the Quetena Mine on the property during the 1960-70′s, and it was subsequently explored by two major mining companies, firstly in 1997-98 prior to the discovery of the Toki Cluster; and secondly in 2004. The first company completed wide spaced reverse circulation and diamond drilling (11 holes, 2,582m), mostly aimed at testing geophysical targets, while the second company completed vertical reverse circulation drilling (2 holes, 700m) which tested two conceptual targets. In neither case, was significant mineralization intersected; however, none of the previous drilling was completed in the highly prospective northern part of the property.

As of December 31, 2011 the Company had approximately CA$12 million in cash, and is well funded to advance its projects.

CORO MINING CORP.

Alan Stephens, President and CEO

About Coro Mining Corp.:

The Company was founded with the goal of building a mining company focused on medium-sized base and precious metals deposits in Latin America. The Company intends to achieve this through the exploration for, and acquisition of, projects that can be developed and placed into production. Coro’s porphyry copper properties include the Berta, Chacay, Llancahue, and Celeste exploration projects located in Chile and the advanced San Jorge porphyry copper-gold project, in Argentina.

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.

 

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

TORONTO, ONTARIO– Feb. 21, 2012 - Key Gold Holding Inc. (TSX VENTURE:KGH) (the “Company” or “Key Gold”) is pleased to announce that it has entered into a letter of intent (the “LOI”) with Pangolin Diamonds Corp. (“Pangolin”), an Ontario private company, which outlines the general terms and conditions pursuant to which Key Gold and Pangolin would complete a transaction resulting in a reverse take-over of Key Gold by the shareholders of Pangolin (the “Proposed Transaction”). The LOI was negotiated at arm’s length and is effective as of February 20, 2012.

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The LOI is to be superseded by a definitive merger or amalgamation agreement (the “Definitive Agreement”) to be completed on or before April 15, 2012 (or such other date as may be mutually agreed between the parties). The Transaction is subject to requisite regulatory approval, including the approval of the TSX Venture Exchange (the “TSXV”) and standard closing conditions, including the approval of the directors and shareholders of each of Key Gold and Pangolin of the Definitive Agreement and completion of due diligence investigations to the satisfaction of each of Key Gold and Pangolin, as well as the conditions described below. The legal structure for the Proposed Transaction will be determined after the parties have considered all applicable tax, securities law, and accounting efficiencies and it is currently contemplated will result in a merged entity continuing under the laws of Ontario (the “Resulting Issuer”).

Trading in the common shares of Key Gold (the “Key Gold Shares”) is halted at present. It is the intention of the parties that the Key Gold Shares will not resume trading until the Proposed Transaction is completed and approved by the TSXV.

Conditions to Proposed Transaction

Prior to completion of the Proposed Transaction (the “Closing”) (and as conditions of closing):

• Pangolin must complete a private placement financing (the “Offering”) for minimum gross proceeds of not less than $1,000,000 at an issue price of $0.10 per share and maximum gross proceeds of $1,500,000;

• Key Gold must convert, prior to the Closing, approximately $150,000 of its current indebtedness into Key Gold Shares at a price of $0.05 per share pursuant to TSXV Policy 4.3 – Shares for Debt;

• Key Gold and Pangolin will enter into a Definitive Agreement in respect to the Proposed Transaction;

• A joint information circular will be prepared in accordance with the policies of the TSXV, outlining the terms of the Proposed Transaction and seeking the approval of the shareholders of Key Gold and Pangolin at shareholder meetings called for that purpose;

• Key Gold and Pangolin will obtain the requisite shareholder approvals for the Proposed Transaction and the ancillary matters contemplated in the Definitive Agreement; and

• All requisite regulatory approvals relating to the Proposed Transaction, including, without limitation, TSXV approval, will have been obtained.

There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Proposed Transaction Highlights

The Proposed Transaction is to be completed, subject to respect of the conditions precedents, by the amalgamation of Key Gold and Pangolin (the “Amalgamation”). Pursuant to the Amalgamation, the Resulting Issuer will issue one Resulting Issuer common share (a “Resulting Issuer Share”) for every two (2) Key Gold Shares and one (1) Resulting Issuer Share for each existing common share of Pangolin (a “Pangolin Share”) issued and outstanding at Closing.

There are currently 20,000,000 Pangolin Shares issued and outstanding and, assuming completion of the maximum Offering, Pangolin will have 35,000,000 Pangolin Shares issued and outstanding prior to Closing.

Pangolin has no other securities outstanding and, to the exception of the Pangolin Shares to be issued under the Offering, no securities are expected to be issued prior to Closing. On the Closing, any outstanding options in Key Gold will be cancelled with the consent of the holders.

If the Proposed Transaction is completed and assuming completion of the maximum Offering, a total of 49,262,806 Resulting Issuer Shares would be issued and outstanding of which 40.6% would be held by the current Pangolin shareholders (20,000,000 Resulting Issuer Shares), 28.9% by the current Key Gold shareholders (14,262,866 Resulting Issuer Shares) and 30.4% by subscribers to the Offering (15,000,000 Resulting Issuer Shares).

Information about Pangolin

Pangolin was incorporated on November 9, 2011 under the laws of the Province of Ontario. Pangolin is a privately owned junior exploration company that holds, through its wholly owned Seychelles subsidiary Pangolin Diamonds Ltd. (“Pangolin Seychelles”), which holds, in turn, through two wholly owned subsidiaries located in Botswana, namely Geocontracts Botswana (Pty) Ltd. and Pangolin Diamonds (Pty) Ltd., a 100% interest in 11 diamond Prospecting Licenses (the “Licenses”). Specifically, on December 24, 2011, Pangolin acquired a 100% interest in Pangolin Seychelles pursuant to share purchase agreement with Pangolin Seychelles, by which it acquired all the securities of Pangolin Seychelles in exchange of 14,000,000 Pangolin Shares.

The Licenses cover an area of 6,620 square kilometers and consist of 5 project areas namely: Tsabong North, Jwaneng South, Lorolwane (application pending); Malatswae and Madinare. Of these, the priority target property of Pangolin is the Tsabong North Property. The Tsabong North Property covers an area of 2,080 square kilometers and is located approximately 100 kilometers north of the City of Tsabong (located in the southwestern portion of Botswana). Pangolin has identified drill ready aeromagnetic targets and has commissioned a National Instrument 43-101 Technical Report to be prepared in connection with its Tsabong North Property. Such Technical Report will be filed on SEDAR when Key Gold files its circular with respect to the Proposed Transaction.

Summary of the Tsabong North Project

The Tsabong North diamond exploration project is situated on the western edge of the Archaean Kaapvaal Craton, immediately north of the diamondiferous Tsabong kimberlite field. Soil sampling has produced highly anomalous concentrations of kimberlite indicators within the project area. Microprobe analyses of garnets has confirmed the presence of G10 garnets, indicative of the presence of a mantle conducive to the crystallization of diamonds. A detailed aeromagnetic survey has identified fifty targets. Soil trace element results are consistent with orientation trace element results over known kimberlites. The craton margin location of the project is similar to that of kimberlites in Lesotho known to host large, high value Type II diamonds.

Mr. Leon Daniels, Ph.D., the President, Chief Executive Officer and a director of Pangolin, is a “qualified person” under National Instrument 43-101 and has reviewed the technical disclosure regarding Pangolin in this Press Release.

Selected Financial Statement Information

Pangolin is in the process of engaging an auditor with respect to the preparation of its consolidated financial statements for the year ended December 31, 2011. The audited financial information on Pangolin will be filed on SEDAR when Key Gold files the joint circular with respect to the Proposed Transaction.

Directors and Officers of the Resulting Issuer

In conjunction with the completion of the Proposed Transaction, it is intended that Graham Warren, the current Chief Financial Officer and a director of Key Gold, will remain as a director and officer of the Resulting Issuer and that Willem Smuts, the current President & Chief Executive Officer of Pangolin, will join the board and will act as President & Chief Executive Officer of the Resulting Issuer. In addition, Leon Daniels, a current director of Pangolin, is proposed to be the Chairman of the Resulting Issuer and Sean McGeorge and Louis Peloquin, current directors of Pangolin, are proposed to be directors of the Resulting Issuer.

At the time of closing of the Proposed Transaction and assuming completion of the maximum Offering, it is anticipated that only Nomathata Diamonds Inc. will exercise control or direction over more than 10% of the then issued and outstanding shares of the Resulting Issuer.

Brief biographies for the proposed directors and officers of the Resulting Issuer are set out below:

Willem Smuts, President & CEO, Director, Ph.D. Geology, M. Sc., B.Sc. Hons. Geology

Dr. Smuts has over 25 years experience in exploration, reserve evaluation and planning in the mining sector. He has extensive success in leadership roles in environments ranging from government, small consultancy to global corporations. Dr. Smuts has successfully coordinated and executed exploration programs in Africa, including being executive manager and co-owner of Genres (coal bed methane in Botswana and Zimbabwe) from 1994 to 2000. He also has performed environmental impact studies for several firms and was editor/managing editor of three award-winning mining magazines.

Graham Warren, Chief Financial Officer& Director, B. Comm.

Mr. Warren is a senior financial executive with over 25 years of experience with emerging companies in the oil and gas, mining, environmental, biotech and software sectors. He has extensive operations, international business, corporate finance and public market experience. Mr. Warren has served as Chief Financial Officer and Director of several public issuers. He holds a B.Comm. degree from Concordia University and a C.M.A. designation from the Society of Management Accountants.

Leon Daniels, Chairman of the Board, Ph.D. Geochemistry, B.Sc., B.Sc. Hons. Geology, Director

Dr. Daniels has over 35 years experience in diamond exploration and production. He discovered the Klipfontein kimberlite pipe in South Africa early in his career. Dr. Daniels previously worked for Falconbridge Exploration, Botswana, evaluating the 180 ha crater facies M1 kimberlite, for Trans Hex Group in Swaziland overseeing the evaluation of the Dokolwayo Diamond Mine, for Roan Selection Trust International in Angola, overseeing production of five alluvial mines, and consulted on the evaluation of the River Ranch kimberlite in Zimbabwe. Dr. Daniels also discovered the DK4 kimberlite (only kimberlite in the Orapa kimberlite field not discovered by De Beers), the Mambali kimberlite field in Zimbabwe for Trillion Resources Ltd., and more recently co-founded African Diamonds Plc, subsequently acquired by Lucara Diamond Corp., in 2010.

Sean McGeorge, BA, BA Hons, Director

Mr. McGeorge spent many formative years in diamond camps and operations across southern Africa. He has served on the board of Pangolin Diamonds Ltd. as the Chief Executive Officer, and has been a director of Pangolin Diamonds (Pty) Ltd. since 2008. Mr McGeorge is a media specialist and has worked on advertising campaigns for major banks and mining related companies.

Louis Peloquin, BBA, LL.B, LL.M., Director

Mr. Peloquin is a business consultant combining several specialties, including transactional law, and has extensive international experience in management, mergers and acquisitions, corporate development, government relations and corporate finance. He has developed a solid expertise in natural resources with over ten years experience as senior executive at major mining companies in Canada and the United States. Mr. Peloquin was a member of the management committees and senior executive of Golden Star Resources Ltd., an international mining company based in Denver, and of Quebec Cartier Mining Company (now Arcelor Mittal Mines Canada).

Financing Arrangements

It is a condition precedent to the closing of the Proposed Transaction, that up to $150,000 of current indebtedness of Key Gold be converted into Key Gold common shares at a price of $0.05 (equivalent to $0.10 post closing of the Proposed Transaction) per Key Gold common share. In addition, as discussed above, Pangolin must complete the minimum Offering.

Sponsorship

Sponsorship of a reverse take-over is required by the TSXV Policy 2.2 – Sponsorship and Sponsorship Requirements. Key Gold has not yet appointed a sponsor, but plans to be in discussion with several investment firms to act as sponsor in connection with the Proposed Transaction. Key Gold intends to include any additional information regarding sponsorship in a subsequent press release.

About Key Gold Holding Inc.

Key Gold Holding Inc. is a mineral exploration company that is currently mainly focused on the acquisition, exploration and development of gold and copper properties.

Key Gold has 28,525,732 common shares outstanding and is listed on the TSXV under the symbol KGH.

Reader Advisory

This press release contains forward-looking statements with respect to the Proposed Transaction and matters concerning the business, operations, strategy, and financial performance of the Resulting Issuer, Pangolin and Key Gold. These statements generally can be identified by use of forward looking word such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The completion of the Proposed Transaction and the future business, operations and performance of the Resulting Issuer discussed herein could differ materially from those expressed or implied by such statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the Proposed Transaction contemplated herein is completed. Forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the ability of Key Gold and Pangolin to obtain necessary shareholder approval to complete the Proposed Transaction or to satisfy the requirements of the TSXV with respect to the Proposed Transaction. The cautionary statements qualify all forward-looking statements attributable to Key Gold and Pangolin and persons acting on their behalves. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and Key Gold and Pangolin have no obligation to update such statements except as required by law.

Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and disinterested shareholder approval. The Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Key Gold Holding Inc. should be considered highly speculative.

The TSXV has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.

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TORONTO, ONTARIO and SEOUL, KOREA– Feb. 21, 2012 - Spackman Equities Group Inc. (“SEGI“) (TSX VENTURE:SQG) announced today that HOWLING, a crime thriller produced by its Korean movie production subsidiary, Opus Pictures Co., Ltd. (“Opus“), opened at #1 at the Korean box office on Thursday, February 16, and maintained its top position throughout the first opening weekend. HOWLING beat out such Hollywood features as GHOST RIDER: SPIRIT OF VENGEANCE, ONE FOR THE MONEY, THE GREY, THE WOMAN IN BLACK, and THE DESCENDANTS to top the domestic weekend box office. According to official data provided by the Korea Box Office Information System, HOWLING sold an estimated 638,362 tickets grossing a four-day take of over KRW 4.73 billion (CAD 4.18 million), which represents 26.6% of the nation’s box office gross revenues for the weekend.

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Completed with a budget of approximately CAD 7 million, HOWLING, directed by Korean filmmaker Yoo Ha and featuring two of Korea’s leading film stars, Song Kang-Ho and Lee Na-Young, is a crime drama about an obsessive, promotion-hungry veteran detective and his novice partner who try to unlock the secrets behind a perplexing series of murders committed by a killer wolf dog.

The last film produced by Opus, THE MAN FROM NOWHERE, was the #1 film at the Korea box office in 2010 with over 6.2 million tickets sold, surpassing all other domestic and overseas movies for the year. With the successful debut of HOWLING, Opus, led by producer Lee Tae Hun, has now produced two consecutive films that have reached #1 at the domestic box office despite the traditionally strong competition posed from higher-budgeted Hollywood films.

About Opus Pictures Co., Ltd.

Opus Pictures Co., Ltd. (“Opus”) was established in August 12, 2005 in Korea by movie producer, Lee Tae Hun. Opus is an independent developer, producer, and investor of theatrical motion pictures in Korea. In 2010, Opus produced THE MAN FROM NOWHERE, the biggest box office success of the year with 6.2 million box office tickets sold domestically and one of the highest grossing movies in Korean movie history. Opus licenses its films to ancillary markets including cable, broadcast television, and home video/DVD. Its movies are distributed and shown throughout Asia.

Opus’s production capabilities consist of the originating and financing of motion pictures, as well as the development of screenplay, actual filming activities, and the post-filming editing/post-production process. Opus works in cooperation with Korea’s major distribution companies for the release of its films and selectively participates in its productions as an investor. Opus also opportunistically acquires distribution rights to motion pictures produced by third parties for distribution in theatrical, video and television markets in Korea.

On January 10, 2012, Spackman Equities Group Inc. indirectly acquired a majority equity interest in Opus through a special purpose holding entity, Team Vision International Limited.

About Spackman Equities Group Inc.

Spackman Equities Group Inc. (“SEGI”) is a diversified investment holding company that invests into and develops small/medium-sized growth companies that possess proprietary technologies or industry-specific know-how, primarily in Asia. The objectives of SEGI are to (i) selectively invest into or acquire businesses with compelling growth potential at attractive valuations, (ii) build a diversified portfolio of investments, and (iii) deliver the collective value derived from the performance of its portfolio of investments to the shareholders of SEGI. Currently, SEGI’s investment portfolio consists of a 17.92% equity stake in Intech LCD Group Limited, a China-based developer and manufacturer of flat panel displays and modules, and, through its holding subsidiaries, SEGI indirectly owns majority stakes in two leading Korean movie production companies, namely, Opus Pictures Co., Ltd. and Zip Cinema Co., Ltd.

www.spackmanequities.com

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Drilling Yields Potash grades up to 31.1% K2O over 0.3 metres

EDMONTON, ALBERTA– Feb. 21, 2012 - Grizzly Discoveries Inc. (TSX VENTURE:GZD) (OTCQX:GZDIF) (FRANKFURT:G6H) (“Grizzly” or the “Company”) is pleased to announce that it has discovered potash in a well near Medicine Hat on its 100% owned 984,000 acre South Block of its Alberta Potash Project. The Company currently owns 100% of the metallic and industrial mineral rights (including Potash) for 1,928,000 million acres in two blocks (north and South) and a 50% interest (along with Pacific Potash Corp.) in a further 523,000 acres (Provost Property) in Alberta.

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Brian Testo, Director, President and CEO of Grizzly, commented “Our goal with the 2011 drill program was to confirm the presence of potash with potentially economic grades within Alberta. These results confirm the presence of potash on the property and we look forward to future drilling and development of a potential potash resource in Alberta, ranked as one of the top mining jurisdictions in the world by the Fraser Institute, and with a highly advantageous tax and royalty regime, which should have a positive impact on the future economics of an Alberta based potash development.”

Alberta Potash Project, South (Medicine Hat) Block

Well GZD100 Medhat 8-36-19-1W4, located within the east-central part of the property, was mobilized on November 28, 2011 to complete a potash test well on the Company’s South Block of the Alberta Potash Project near Medicine Hat, Alberta. The drill rig completed the test well on December 12, 2011. Coring commenced at 1,642 metres (“m”) below surface. Visible potash minerals were observed in the drill core for the interval between 1,648.5 m and 1,670.85 m below surface. The well cored a thick (22.35 m) zone of Prairie Evaporite Formation salt with low grade potash at a depth of 1,648.5 m (5,408.46 ft), which is the approximate depth of the Belle Plaine Solution Mine in Saskatchewan. This depth is ideally suited to solution mining due to the presence of high formation temperatures. Within the wide low grade potash zone, the drilling intersected two zones of sylvite mineralization (Upper zone and Lower zone) within the Patience Lake Member, near the top of the Prairie Evaporite Formation. Core samples from well GZD100 Medhat 8-36-19-1W4, were collected by Norwest Corporation (“Norwest”) in Calgary, Alberta and forwarded to the Saskatchewan Research Council’s (“SRC”) Geoanalytical Laboratories in Saskatoon, Saskatchewan.

SRC analytical results from Well GZD100 Medhat 8-36-19-1W4 yielded weighted average grades of 2.62% K₂O (4.15% KCl) over 22.35 m (73.33 ft) at a depth of 1,648.5 m (5,408.46 ft) for the low grade zone. The interval contains higher grade portions including 6.4% K₂O (10.14% KCl) over 4.55 m (14.93 ft), 8.77% K₂O (13.88% KCl) over 2.65 m (8.69 ft) and 13.0% K₂O (20.58% KCl) over 1.15 m (3.77 ft) within the Upper Zone and 2.45% K₂O (3.88% KCl) over 3.3 m (10.83 ft) in the Lower Zone. A summary of the analytical results for both the Upper Zone and the Lower Zone is shown in Table 1. Low grades of MgO indicate that sylvite is the major potash mineral, rather than carnallite. In 1980, historic oil well DEML MEDHAT 6-36-19-1W4, located 800 m west of the current well location, yielded a gamma log spike of about 218 API units at a depth of approximately 1,662 m below surface for a calculated maximum potash grade of approximately 22% K₂O. Drill intercepts likely represent true thickness as the holes were drilled vertically and the potash zones are flat lying.

Alberta Potash Project, Provost (50:50) Property

As described in the Company’s news release dated November 2, 2011, a drill rig was mobilized to well site 10-11-40-1W4 in east-central Alberta to complete a potash test well on the jointly-owned 50:50 Provost Potash Property. During September 2011, the Company signed a letter of intent (“LOI”) with Pacific Potash Corp. (PPC:TSXV; “Pacific”) to commence a multiple drill hole exploration program on the Grizzly – Pacific 50:50 owned Provost Property. The first well was completed in mid November. The core was sent to Norwest where it was logged and sampled. The core samples were then forwarded to the SRC for full geochemical analysis (Table 1). The well yielded a wide, low grade potash zone with two higher grade zones within including 6.58% K2O (10.41% KCl) over 0.75 (2.46 ft). Further drilling is under consideration south of Pacific’s 100% owned Provost Property, where some higher grades have been reported by Pacific (see Pacific’s news release dated February 15, 2012).

Future Work – Alberta Potash Project

Currently the Company has permitted for four additional well site locations on the 100% owned North Block of its Alberta Potash Project, near Lloydminster, Alberta, with two sites near Vermillion, Alberta and two sites near Provost, Alberta. The Company is also permitting two further well site locations on its South Block. Once drill rigs become available from winter drilling commitments, Grizzly will engage a rig for drilling at least one more well in the exploration phase of its drilling.

One of the well locations that has been permitted is designed to test an area in close proximity to a reported occurrence of potash minerals in well (VCO #15) in the Vermilion area on the 100% owned North Block of Grizzly’s Alberta Potash Project. The author reporting the occurrence suggested that the potash mineral “sylvite exists in substantial quantities” “throughout the first 50 feet of the Prairie Evaporite” (Golden, B.Sc., 1965). The author also suggested the potash minerals “are of the same composition and depositional sequence and depth as the potash at Unity and Saskatoon, Saskatchewan”, currently the location of a number of potash mines. Recent analytical work by the Alberta Geological Survey (Eccles et al., 2009) on what is left of the core from VCO #15 has yielded up to 18.6% K₂O utilizing a hand held XRF instrument and confirms the observations of Golden (1965). The reported occurrence of potash minerals is at a depth of approximately 1,061 m below surface.

All 2011 field and office exploration programs are conducted under the supervision of Mr. Michael Dufresne, M.Sc., P.Geol., a principal of APEX Geoscience Ltd. and a Qualified Person under National Instrument 43-101.

About Grizzly Discoveries Inc.

Grizzly trades on the TSX Venture Exchange under the symbol GZD, on the OTCQX exchange under the symbol GZDIF, and the Frankfurt Exchange under the symbol G6H, with 48,475,268 common shares issued and outstanding.

Grizzly is an aggressive and diversified Canadian mineral exploration company exploring for: potash in Alberta; world class gold and base metal deposits in British Columbia; and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totaling more than 2.4 million acres along the Alberta-Saskatchewan border. Grizzly currently has four precious-base metal properties in British Columbia totaling over 235,000 acres. Grizzly also currently holds more than 600,000 acres in diamond properties, which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.

On behalf of the Board

Grizzly Discoveries Inc.

Brian Testo, President

(780) 693-2242

For further information, please visit our website at http://www.grizzlydiscoveries.com.

Caution concerning forward-looking information

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

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Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

VANCOUVER, BRITISH COLUMBIA– Feb. 21, 2012 - Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(PINKSHEETS:RVSDF)(FRANKFURT:R99) is pleased to announce that Alliance partner Antofagasta Minerals (“Antofagasta”) has agreed to fund up to $5,300,000 over two years to advance the Flute and Lennac Projects, located in the productive Stikine Terrane in Central British Columbia (BC). Riverside recently completed targeting and acquisition for the Flute Project (338 km²) and the Lennac Project (230 km²), both located near the town of Granisle and to the west of Babine Lake. These two projects are the first two formalized Designated Projects (DP) for the BC Strategic Alliance between Riverside and Antofagasta. The Alliance intends to conduct a regional and detailed targeting exploration program across both Designated Projects beginning in March, with the aim of generating and drill testing targets by the end of year one.

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“Riverside and Antofagasta’s collaboration in BC has led to the rapid identification of potential target areas, and we look forward to exploring new opportunities and open regions to undertake further copper – gold exploration. Flute and Lennac are our first two Designated Projects in Canada and we are pleased with the Company’s overall progress and ability to sustainably expand Riverside’s reach into new jurisdictions,” stated John-Mark Staude, CEO and President of Riverside Resources Inc.

Property Details:

On a regional scale, the Smithers/Houston area, underlain by the prospective Stikine Terrane, hosts two significant clusters of copper porphyry deposits. The first is located west of Houston, comprising porphyries such as the active Huckleberry mine, and the advanced Berg and Poplar deposits. The second is located near Babine Lake east of Smithers, including the historic Bell and Granisle mines, and the advanced Morrison and Big Onion deposits. Riverside is initially working in these areas to generate new potential discovery targets and further delineate known mineralization.

Riverside and Antofagasta have identified the west side of Babine Lake as a prospective and underexplored region, and are targeting copper-gold-molybdenum porphyry deposits. The structural setting is dominated by major deep crustal structures, which appear to focus the occurrence of known porphyry deposits in this district. In addition, the structures have formed down-dropped blocks which may have hidden and preserved porphyry systems. Other companies working in Central British Columbia have been successful over the past few years expanding known areas of mineralization and the Riverside-Antofagasta Alliance is looking to carry forward aggressively with this thinking throughout BC, with the Smithers-Houston region as an initial focus. For more details and maps of the Flute and Lennac projects please visit www.rivres.com.

Further Agreement Details:

Antofagasta has the option to expend up to $2,500,000 at the Flute Project and $2,800,000 at Lennac, with a minimum of $1,000,000 in Year 1 on each property to maintain its earn-in right. An additional expenditure of $1,000,000 on each property is required by the end of Year 2 in order for Anotfagasta to maintain this earn-in right. Under the terms of the Alliance, Antofagasta now holds 51%, and Riverside 49%, of the Flute and Lennac projects. Antofagasta can earn a 65% interest in each DP by spending $5,000,000 on exploration in each DP within 4 years, at which point Antofagasta can enter into a Joint Venture with Riverside subject to a one-time cash payment of $3,000,000 to Riverside. Should Antofagasta opt to not complete the earn-in up to 65% pursuant to the Agreement, then the property and data revert to Riverside, subject to certain payments to Antofagasta being completed. Riverside will carry out the exploration work for the Alliance through the earn-in period. Should Riverside’s interest in any DP be reduced to 10% or less, this interest will be converted to a 2% NSR.

The scientific and technical data contained in this news release relating to the Flute and Lennac projects was prepared and reviewed by Riverside’s VP of Exploration, Howard Davies, MAIG, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Riverside Resources Inc.:

Riverside is a well-funded prospect generation team of focused, proactive gold discoverers with the breadth of knowledge to dig much deeper. The Company currently has approximately $10,000,000 in the treasury and fewer than 35,000,000 shares issued. Riverside’s model of growth through partnerships and exploration looks to use the prospect generation business approach to own resources, while partners share in de-risking projects on route to discovery. Additional property information on the Company’s projects can be found on the Riverside Resources Inc. website at www.rivres.com.

About Antofagasta Minerals S.A. (“Antofagasta“):

Antofagasta Minerals SA is the mining division of Antofagasta PLC. Antofagasta PLC is listed on the London Stock Exchange and a constituent of the FTSE-100 Index, with interests also in transport and water distribution. Currently, Antofagasta PLC activities are primarily concentrated in Chile where it owns and operates four copper mines: Los Pelambres, Esperanza, El Tesoro and Michilla. Total production in 2012 is expected to be approximately 700,000 tonnes of copper, 11,000 tonnes of molybdenum and 280,000 ounces of gold. Antofagasta PLC also has exploration, evaluation and/or feasibility programs in North America, Latin America, Europe, Asia, Australia and Africa.

ON BEHALF OF RIVERSIDE RESOURCES INC.

Dr. John-Mark Staude, President & CEO

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

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Email: john@stockgurucanada.com

Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.

VANCOUVER, BRITISH COLUMBIA– Feb. 21, 2012 - Camino Minerals Corporation (“Camino” or the “Company”) (TSX VENTURE:COR) is pleased to announce that it has signed a Letter of Intent (LOI) with Arcelia Gold Corp. (“Arcelia”) that sets out the terms upon which the Company can acquire from Arcelia the sole and exclusive right and option to acquire up to an 80% interest in the El Secreto Gold, Silver and Copper project (“El Secreto” or the “Property”) located Sinaloa State, Mexico.

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El Secreto consists of three mineral concessions encompassing over 12,675 hectares (49 square miles) and is located approximately 100 kilometres north-east of Mazatlan, Sinaloa State, at the southern end of the Laramide copper-gold porphyry belt. The geology and mineralization obtained to date suggests that El Secreto is highly prospective for the discovery of both mesothermal gold-silver vein systems and copper-gold porphyry systems. The Property is accessible by paved and gravel roads.

Recently consolidated by Arcelia through staking and the acquisition of privately held claims, El Secreto contains several historical artisanal gold and silver workings. A surface sampling program carried out by Arcelia in 2010 returned a number of assays grading above 1 g/t gold to a maximum of 11.9 g/t gold and silver values up to 187 g/t. In addition, anomalous copper, lead, zinc and molybdenum values have also been obtained throughout the area. El Secreto has never been subject to modern exploration techniques or drilling.

“El Secreto is an attractive early-stage property that can be advanced to the drill stage in a rapid and cost effective manner,” said Gordon Davis, Camino’s CEO. “El Secreto represents a new, exciting discovery opportunity for Camino and we look forward to advancing it.”

The LOI provides the Company with the exclusive right for a period of 45 days to negotiate the terms of a definitive option agreement with Arcelia in respect of the Property based on the terms set out in the LOI.

The parties have agreed that the consideration payable by Camino in order to acquire up to a 60% interest in the Property will consist of total cash payments of USD$200,000, the issuance of 2,000,000 Camino common shares and incurring exploration expenditures in the amount of USD$4,000,000 over a four year period as more particularly described in the tables below (the “First Option”). The cash portion will be paid in five installments with the first payment being made by Camino on the date that the LOI was signed.

The parties have agreed that the definitive option agreement will also provide for Arcelia to retain a net smelter royalty of 2% in the Property. Camino will be able to reduce the net smelter royalty to 1% by making a USD$1,500,000 cash payment to Arcelia.

In addition to the First Option outlined above, Camino will also be granted the sole and exclusive right and option to earn and acquire an additional 10% undivided interest in the Property (the “Second Option”). If Camino wishes to exercise the Second Option, it must give written notice to Arcelia (the “70% Notice”) to this effect within 90 days of having exercised the First Option and complete, at its cost, a National Instrument 43-101 Standards for Disclosure for Mineral Projects (“NI 43-101″) compliant resource estimate and a Preliminary Economic Assessment (as such term is defined in NI 43-101) within two (2) years of the 70% Notice.

In addition to the First Option and Second Option, Camino will also be granted the sole and exclusive right and option to earn and acquire an additional 10% undivided interest in the Property (the “Third Option”). If Camino wishes to exercise the Third Option, it must give written notice to Arcelia (the “80% Notice”) to this effect within 90 days after the date that Camino has exercised the Second Option and complete, at its cost, a NI 43-101 compliant feasibility study with respect to placing the Property into commercial production within four (4) years of 80% Notice.

Upon exercising its First Option (or Second Option or Third Option, as applicable), the Company and Arcelia have agreed to enter into a joint venture agreement to further explore and evaluate the Property.

Under the terms of the LOI, Arcelia has granted the Company a 45-day exclusivity period in order to negotiate and finalize the terms of the definitive option agreement. The option agreement will remain subject to, among other things, board approval and all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Arcelia Gold Corp.

Arcelia is a private Canadian company focused on the acquisition of early-stage precious and base metal projects in Mexico and finding partners to advance them. Arcelia’s President and CEO is Alain Charest. Mr. Charest has over 25 years of experience in mineral exploration and has participated in a number of significant discoveries. As exploration manager for Francisco Gold Corp. he discovered the El Sauzal gold deposit, located in Chihuahua State, which has produced over 1.5 million ounces of gold (Goldcorp’s website). Mr. Charest was also involved in the discovery of the 5 million ounce (gold equivalent) Marlin deposit in Guatemala. Mr. Charest is a professional geologist who completed his geological engineering studies at the University of British Columbia in 1993.

About Camino Minerals Corporation

Camino is a new, well-funded mineral exploration company that was formed in connection with Goldcorp’s C$300-million acquisition of Canplats Resources Corp. Camino is led by Canplats’ former management and is focused on precious and base metal projects located in Mexico. For more information on Camino’s properties, and associated agreement terms, please refer to the Company’s website at www.caminominerals.com

The technical information contained in this news release has been reviewed and approved by Richard Dufresne, P.Geo., Camino’s V.P., Exploration, a “Qualified Person” as defined under NI 43-101.

To receive Camino’s news releases, contact Blaine Monaghan, V.P., Corporate Development, at info@caminominerals.com or (866) 338-0047.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States, The securities of Camino described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available

Cautionary Note Regarding Forward-Looking Statements

Statements contained in this news release that are not historical fact are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and forward-looking information under the provisions of Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company’s ability to raise sufficient capital to fund exploration, changes in economic conditions or financial markets, changes in prices for the company’s mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Mexico, technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign exchange rates, all of which are described more fully in Camino’s filings on SEDAR. The company undertakes no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.

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StockGuruCanada would like to feature companies on the TSX and the TSX Venture Exchange that you like. If you know a great one, let us know. If you are with the company and you would like to commercially feature your company, drop us an email or give us a call.

John Pentony
Publisher, StockGuru.com and StockGuruCanada.com

Tel: 469-252-3031
Email: john@stockgurucanada.com

Unless otherwise noted at the end of this sentence, we hold no position – long or short – in any of the companies featured on StockGuruCanada.com. All posts are (C) Copyright 2002 – 2013, and may not be used without the permission of the publisher – unless that post contains less than 10% of the word count of this full post and it contains a link back to this original post in its own browser window or tab.