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  1. Spotlight Venture: Metals Creek Intersects 1.46 g/t Gold Over 27.8 Meters Near Surface at Thomas Ogden Zone in Timmins, Ontario

    February 9, 2012 by admin

    TORONTO, ONTARIO– Feb. 8, 2012 - Metals Creek Resources Corp. (the “Corporation”) (TSX VENTURE:MEK) is pleased to announce additional assay results from its recently completed 3593 m (meters) diamond drill program on the Ogden Gold Project in Timmins, Ontario.

    Full coverage of MEK: http://stockgurucanada.com/?s=mek

    Results from the latest drilling on the Thomas Ogden Zone includes two near surface intercepts in hole TOG-11-12. The first intercept consists of 0.97 g/t (grams per tonne) gold over 33.47m (51.53m to 85.00m) within altered sediments and porphyry with associated pyrite and strong silicification. A second zone of mineralization was intersected further down hole consisting of 1.46 g/t gold over 27.8m (143.20m to 171.00m) within altered conglomerate and porphyry. Hole TOG-11-12 was drilled 25m below previously released (May 19, 2011) hole TOG-11-06 which returned a down hole intercept of 1.02 g/t gold over 35.45m. These recent results from Hole TOG-11-12 continue to demonstrate the near surface gold potential of the Thomas Ogden Zone.

    The Corporation is awaiting assay results for one additional hole drilled on the Thomas Ogden Zone and these results will be released once they are received and compiled. Drilling is scheduled to resume on the Ogden Property by mid to late February with additional step-out holes planned on the near surface mineralization at the Thomas Ogden Zone as well as further defining the recent discovery of high grade mineralization at depth.

    Results were also received from three exploration holes which were targeted on geophysical anomalies outside the known mineralized zones. No significant results were attained.

    The Ogden Gold Project is under Option from Goldcorp Canada Ltd. and Goldcorp Inc. (“Goldcorp”). The Ogden Project covers eight kilometers of strike length of the Porcupine-Destor Break between Goldcorp’s Dome Mine Complex and Lake Shore Gold’s West Timmins development project. Metals Creek can earn a 50% interest in the Project by incurring $3.1 million in expenditures and issuing a combination of cash and shares totaling $460,000 over 4 years.

    All split core samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with fire assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with fire assay results above 5.0 g/t gold or samples showing visible gold are analyzed using the pulp metallic method.

    Michael MacIsaac, P.Geo and VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release.

    About Metals Creek Resources Corp.

    Metals Creek Resources Corp. is incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol “MEK”. Metals Creek can earn a 50 % interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (PDF) that stretches between Timmins, Ontario and Val-d’Or, Quebec. The Corporation is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company’s profile at www.sedar.com.

     

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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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    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.


  2. Spotlight Venture: Adventure Gold and Mazorro Resources Intersect High Grades at Shallow Depths on Lapaska Bulk Tonnage Gold Property Including 7.2 g/t Au Over 9 Metres at a Depth of 31 Metres

    February 9, 2012 by admin

    MONTREAL, QUEBEC–(Marketwire – Feb. 8, 2012) - Adventure Gold (TSX VENTURE:AGE) (“AGE”, the “Company”) and Mazorro Resources Inc. (TSX VENTURE:MZO)(FRANKFURT:JAM) (“MZO”) are pleased to announce a second set of results from the Phase 2 surface diamond drilling program on the Lapaska Gold Property (the “Property”) located in the prolific Abitibi Greenstone Belt, 20 km east of Val-d’Or, Quebec. The Property, totalling 352 hectares, is wholly-owned by AGE and under option to MZO (see agreement in press release dated December 15, 2010). The second set of results comes from eight (8) holes drilled in the Lapaska Central zone (“LC Zone”), the West zone and two exploration targets. The best intercepts, in core length, are summarized as follows:

    Full coverage of AGE: http://stockgurucanada.com/?s=age

    In the LC Zone

    • Hole LP-11-35: 1.3 g/t Au over 124.7 metres, including sections grading 7.2 g/t Au over 9.0 metres and 5.2 g/t Au over 8.6 metres at depths of 30.9 and 70.0 metres respectively;
    • Hole LP-11-34: 0.8 g/t Au over 215.1 metres, including a section grading 4.9 g/t Au over 13.1 metres at a depth of 234.9 metres;
    • Hole LP-11-30: 0.5 g/t Au over 100.3 metres, including a section grading 3.2 g/t Au over 5.0 metres at a depth of 75.8 metres; and
    • Hole LP-11-28: 0.6 g/t Au over 15.6 metres at a depth of 191.4 metres.

    In the West Zone

    • Hole LP-11-33: 0.5 g/t Au over 25.6 metres, at a depth of 277.5 metres; and
    • Hole LP-11-32: 0.7 g/t Au over 10.9 metres, at a depth of 67.1 metres.

    Marco Gagnon, President and CEO of Adventure Gold Inc., stated: “We are pleased to release this successful set of drill results which include very significant near-surface new high-grade gold zones grading up to 7.2 g/t Au over 9.0 metres inside larger gold intercepts. We are also excited that the Phase 3 drill program is ongoing and is designed to test the LC Zone near surface extensions and to highlight the bulk tonnage potential of the deposit. In addition, Phase 3 drilling will help us to better define the high-grade gold zones extensions, which have a very positive impact on the increase of the overall grade of the deposit.”

    Gold mineralization intersected in Phase 2 drill holes is typical of the Lapaska geological environment. In the drill core, visible gold was locally observed but generally the mineralization consists of disseminated pyrite in quartz-tourmaline veins and in altered dacite typical of the LC Zone. For the West zone, the gold intercepts are associated with disseminated pyrite in quartz-sericite and calcite veinlets and in diorite and feldspar porphyry dykes. Table 1 shows all the significant results from the eight (8) drill holes. A surface map view (Figure 1) shows the location of drill holes at the Property and at the LC Zone scale. Assay results are pending for four holes (LP-11-36 to 39) of Phase 2 and final results will be released as soon as possible. The LC Zone remains open laterally and at depth.

    Figure 1 is available at:
    http://www.adventure-gold.com/common/documents/Lapaska_Figure1_SurfaceMap_7fev2012_finale.pdf

    Table 1: Second set of results from the Phase 2 Lapaska drilling program.

    Drill
    hole
    UTM
    East
    UTM
    North
    Azimuth Dip Length
    (m)
    From
    (m)
    To
    (m)
    Core
    length
    * (m)
    Au
    **
    (g/t)
    LC Zone                  
    LP-11-28 312164 5325999 278 -54 207 191.4 207.0 15.6 0.6
              Inc. 194.2 197.4 3.2 2.1
                       
    LP-11-30 312038 5326050 278 -55 210 75.8 176.1 100.3 0.5
              Inc. 75.8 80.8 5.0 3.2
              Inc. 108.7 111.7 3.0 3.4
                       
    LP-11-34 312054 5326026 279 -53 294 29.7 244.8 215.1 0.8
              Inc. 37.4 40.3 2.9 5.0
              Inc. 234.9 248.0 13.1 4.9
                       
    LP-11-35 312023 5326040 278 -55 213 21.6 146.3 124.7 1.3
              Inc. 30.9 39.9 9.0 7.2
              Inc. 70.0 78.6 8.6 5.2
    West Zone                  
                       
    LP-11-32 310315 5326336 40 -65 438 67.1 78.0 10.9 0.7
                       
    LP-11-33 310270 5326330 360 -60 309 277.5 303.1 25.6 0.5
                       
    Exploration Targets                  
                       
    LP-11-29 311541 5326050 360 -75 552 No significant values
                       
    LP-11-31 312860 5326128 360 -75 452 No significant values
     

     

    * The length of the gold intervals mentioned above refers to the length in the axis of drilling. The veins are usually cross referenced with a strong angle by the holes for drilling. This indicates that the length of the mineralized intervals is close to the actual thickness of the zones. However, additional drilling will be necessary to assess their lateral extensions.
    ** Uncut gold value.

    The Lapaska Property

    The Property is favourably located between the past producing gold deposit Sigma II to the east (161,300 ounces at 2.7 g/t Au: MRNF – SIGEOM Database) which was operated by open pit method and the Simkar gold deposit to the west (NI 43-101 inferred resource of 105,000 oz at 5.3 g/t Au: Megastar, September 2008). The Property contains three significant gold-bearing zones: the Lapaska Central, West and Lourmet zones and is also strategically located along the prolific Cadillac Larder Lake Gold Break, a regionally extensive structure that is spatially related to numerous gold mines. Five drill holes completed last year in the Lapaska Central zone have shown widths of up to 200 metres and grades ranging between 0.5 g/t and 1.2 g/t. An update of the 2010 43-101 resource calculation is scheduled for early 2013.

    Quality control

    Jules Riopel, P.Geo., Vice-President Exploration and Acquisitions, acting as the Company’s “Qualified Person” as defined by NI 43-101, has reviewed this press release and has supervised the Phase 2 drilling program and is supervising the on-going Phase 3 drilling program. Assay samples were taken from NQ core sawed in half, with one half sent to Agat Laboratories, a commercial laboratory in Mississauga, Ontario, and the other half retained for future reference. A strict QA/QC program was applied to all samples, which includes mineralized standards and blank samples for each batch of 25 samples. The gold analyses were completed by fire assay with an atomic absorption finish on 50 grams of material. Repeats were carried out by fire assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more. Total gold analyses (Metallic Sieve) were carried out on samples that showed a great variation in gold content or the presence of visible gold.

    Profile:

    Adventure Gold Inc. is a mineral exploration company focused on discovering high-quality gold deposits in the Abitibi Greenstone Belt located in northwestern Quebec and northeastern Ontario – one of the richest gold deposit areas in the world. Adventure Gold holds quality assets in the Val-d’Or, Rouyn-Noranda and Timmins areas and is led by determined management and technical teams with extensive exploration and mine production experience. Adventure Gold is proud to count on highly regarded partners such as Agnico-Eagle Mines Limited and Lake Shore Gold Corp. to explore its advanced-stage gold properties. For more information, please contact:

    Follow Adventure Gold on:

    Twitter: http://twitter.com/#!/Adventure_AGE

    LinkedIn: http://www.linkedin.com/company/2253943

    The foregoing information may contain forward-looking statements and events relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company’s filings with the appropriate regulatory authorities. We seek safe harbour.

    Neither 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.

     

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    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.


  3. Spotlight Venture: Alder Announces Initial Reverse Circulation Drill Results From Rosita Copper-Gold-Silver Porphyry/Skarn Project, Nicaragua

    February 9, 2012 by admin

    Bedrock: 0.91% copper, 1.00 g/t gold and 16.63 g/t silver over 12.0 metres

    Dump Material: 1.27% copper, 0.35 g/t gold and 22.3 g/t silver over 25.5 metres

    TORONTO, ONTARIO–(Marketwire – Feb. 8, 2012) - Alder Resources Ltd. (“Alder” or the “Company”) (TSX VENTURE:ALR) is pleased to announce it has received assay results for 25 vertical reverse circulation (“RC”) drill holes at its Rosita copper-gold-silver project in northeastern Nicaragua. One hole, 2011-705, was drilled in bedrock immediately south of the Santa Rita pit and intersected 12.0 metres grading 0.91% copper (“Cu”), 1.00 g/t gold (“Au”) and 16.63 g/t silver (“Ag”). The hole was terminated at a vertical depth of 114.4 metres due to mechanical difficulties before reaching the target horizon at 180 metres vertical depth. The other 24 holes were drilled in the north and south dumps. Of these, hole 2011-709 included up to 25.5 metres grading 1.27% Cu, 0.35 g/t Au and 22.3 g/t Ag. The weighted average grades for the mineralized dump holes are 0.71% Cu, 0.66 g/t Au and 8.2 g/t Ag (1.26% copper equivalent (“CuEq”)) over an average thickness of 14.0 metres. Results are summarized below and illustrated in the drill plan at the end of this news release.

    Full coverage of ALR: http://stockgurucanada.com/?s=alr

    Hole ID   Location From (m) To (m) Thickness (m) Cu (%) Au (g/t) Ag (g/t)   CuEq(1)(%)
    2011-705(2)   Bedrock 39.0 51.0 12.0 0.91 1.00 16.6   1.79
    2011-701   North Dump 0 10.5 10.5 0.54 3.69 5.2   3.07
    2011-702   North Dump 0 10.5 10.5 0.47 1.24 8.7   1.41
    2011-703   North Dump 0 24.0 24.0 0.39 0.31 5.5   0.67
    2011-704   North Dump 0 21.0 21.0 1.14 0.92 10.6   1.89
    2011-706   North Dump 0 12.0 12.0 0.29 0.10 5.7   0.43
    2011-707   North Dump 0 22.5 22.5 0.85 1.10 8.5   1.69
    2011-708   North Dump 0 24.0 24.0 0.81 0.40 9.8   1.20
    2011-709   North Dump 0 25.5 25.5 1.27 0.35 22.3   1.78
    2011-710   North Dump 0 4.5 4.5 2.21 0.14 15.3   2.50
    2011-711   North Dump 0 19.5 19.5 1.25 0.47 11.8   1.71
    2011-712   South Dump 0 12.0 12.0 0.31 0.69 4.8   0.83
    2011-713   South Dump 0 6.0 6.0 0.10 0.24 1.1   0.27
    2011-714   South Dump 0 7.5 7.5 0.07 0.21 0.8   0.22
    2011-715   South Dump 3.0 10.5 7.5 0.06 0.29 0.7   0.26
    2011-716   South Dump No significant intercepts          
    2011-717   South Dump 0 21.0 21.0 0.60 0.57 9.4   1.10
    2011-718   South Dump 0 19.5 19.5 0.53 0.28 6.0   0.79
    2011-719   South Dump 9.0 12.0 3.0 0.02 0.10 0.5   0.09
    2011-720   North Dump 3 13.5 10.5 0.54 0.51 5.1   0.94
    2011-721   South Dump 0 7.5 7.5 0.56 0.49 6.2   0.97
    2011-722   South Dump No significant intercepts          
    2011-723   South Dump No Significant intercepts          
    2011-724   South Dump No significant intercepts          
    2011-725   South Dump No significant intercepts          

     

    (1) %CuEq = %Cu + ((Au grade X Au $/oz) + (Ag grade X Ag $/oz))/(Cu $/lb X 22.0462 X 31.0135); Cu = $3.50/lb, Au = $1600/oz, Ag = $30/oz
    (2) True width is estimated to be 70% of drilled intercept

    Vertical RC hole 2011-705 was collared in bedrock south of the Santa Rita pit, and was designed to test for extensions of the main Santa Rita deposit at a vertical depth of 180 metres. The hole was abandoned short of its target depth due to mechanical difficulties. Results from this hole are highly encouraging and indicate the presence of an upper mineralized horizon, and also confirm the presence of significant gold and silver values with the copper. All of the mineralization intersected in the drill hole is hosted in garnet-epidote-quartz-sulfide skarn.

    To date 55 RC holes have been drilled through the dumps, with results pending for 31 of the holes. Drilling to date indicates the thickness of mineralized material ranges from 4.5 metres to 25.5 metres and averages 14.0 metres.

    The holes were drilled in 6 dump areas, including the North dump (400m by 200m), South dump (400m by 200m), SW dump (500m by 200m), East dump (500m by 100m), NE dump (225m by 150m) and R-13 dump (250m by 125m). In all, the dumps cover an area of approximately 52 hectares. Results in this press release are for the North and South dumps only. Additional results will be presented for the other areas after assays have been received and evaluated.

    In addition to the RC holes, a series of 17 vertical channel samples were collected from the apron of the dumps, as disclosed in a press release issued by Alder on December 14, 2011. The average grades of the vertical channel sampling was 0.55% Cu, 0.47 g/t Au and 8.73 g/t Ag (0.97% CuEq).

    Joseph Arengi, President and Chief Executive Officer of Alder, stated: “These initial results are highly encouraging. The bedrock hole confirms the presence of significant in situ gold and silver values with copper mineralization as well as the presence of multiple mineralized horizons. The holes that tested the dump material are higher grade than the vertical channel samples and also show there is considerable gold and silver content. When the results are available for the remaining 31 RC holes we expect to be able to estimate a mineral resource for the dumps.”

    The Rosita Project

    The Rosita project is 8 kilometres north of Primavera where Calibre Mining Corp. (“Calibre”) and B2Gold Corp. recently announced the discovery of significant gold-copper porphyry style mineralization that included 261.7 metres grading 0.78 g/t Au and 0.30% Cu in a diamond drill hole (Calibre press release of January 20, 2012).

    Alder has entered into an option agreement to acquire a 65% interest in the Rosita D concession from Calibre (as disclosed in a press release issued by Alder on August 22, 2011). Historic production from the Santa Rita and R-13 open pits totaled 5.37 million tonnes of ore grading 2.06% Cu, 0.93 g/t Au, and 15.08 g/t Ag. The mine closed in 1975 due to low copper prices. Alder’s management believes that a substantial amount of Cu-Au-Ag mineralization lies both below and adjacent to the Santa Rita pit. Historic drilling below the Santa Rita pit returned intercepts that included 2.27% Cu, 0.21 g/t Au and 30.85 g/t Ag over 16.7 metres true width at a vertical depth of 225 metres below the assumed base of the pit. The Rosita deposit is open to depth and along strike.

    The Bambana prospect, located four kilometres northwest of the Santa Rita open pit, returned historic intercepts of up to 0.43% Cu and 6.54 g/t Ag over 42.0 metres and 0.51% Cu, 0.25 g/t Au and 10.41 g/t Ag over 11.5 metres in two diamond drill holes completed in 2010. A review of this area by Alder confirmed copper porphyry-style alteration and sulphide mineralization.

    Alder has not yet verified the historic drill results referenced in this news release and does not intend to use this information for purposes other than planning and prioritizing exploration targets.

    RC drilling will now focus on historic mineralized drill intercepts at the R-13 area. The core rig will test for down dip and strike extensions of the north east-striking / south east-dipping Santa Rita zone, as well as concealed porphyry mineralization at depth.

    Quality Assurance/Quality Control

    Samples are collected into heavy gauge plastic bags, sealed on-site, then stored at Alder’s Rosita field office until they can be transported by company personnel to Inspectorate Exploration and Mining Services’ sample preparation facility in Managua. Here, sample pulps are prepared, then air freighted to Inspectorate’s Vancouver laboratory for analysis. Each sample is analyzed for total copper using aqua regia digestion followed by an ICP analysis, which includes a 30-element geochemistry package, including silver. Soluble copper is determined using dilute sulfuric acid digestion with an AA (atomic absorption) finish. Gold is determined via fire assay with an AA finish. Alder has implemented an industry standard Quality Assurance/Quality Control program that includes the insertion of certified standards, duplicates and blanks into the sample stream.

    Qualified Person

    Joseph Arengi, M. Sc., P. Geo., President and Chief Executive Officer of Alder and a qualified person under NI 43-101, has reviewed and approved the scientific and technical information in this press release.

    About Alder Resources Ltd.

    Alder is a resource company focused on the development of gold and base metal projects throughout Latin America. Current focus is on the Rosita project in Nicaragua located 275 km northeast of Managua. Alder plans to continue to build its property position with strategic acquisitions.

    Alder Resources Ltd.

    Joseph Arengi, President & CEO

    To view the map accompanying this press release, click on the following link: http://media3.marketwire.com/docs/a27m.pdf

    Cautionary Note Regarding Forward-looking Information

    This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding potential mineralization, reserve and resource determination, exploration results and future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Alder, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Alder has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Alder does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

    NEITHER 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.

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    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.


  4. Spotlight Venture: Functional Technologies Files GRAS Notification for Acrylamide-Preventing Yeast

    February 9, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– Feb. 8, 2012 - Functional Technologies Corp. (TSX VENTURE:FEB) (the “Company”) today announced it has submitted to the U.S. Food and Drug Administration (FDA) a Generally Recognized as Safe (GRAS) notification for the Company’s acrylamide-preventing (AP) yeast. Functional Technologies’ subsidiary, Phyterra Yeast Inc., submitted the application to the FDA on the view that this yeast is considered GRAS for use in reducing asparagine levels and thereby preventing the formation of acrylamide during heat-related processing of a variety of foods including grain- and vegetable-based food products (e.g. breads, biscuits, processed potato products, crackers, cereals, etc.).

    Full coverage of FEB: http://stockgurucanada.com/?s=feb

    “The submission of our GRAS notification to the FDA for our proprietary acrylamide-preventing yeast, as well as any other regulatory applications we may make in the future, are fundamental to Functional Technologies’ demonstration of its commitment towards ensuring safety and quality of the products we have or intend to release to the market,” said Mr. Howard Louie, Functional Technologies’ Executive Chairman and Chief Business Development Officer.

    About Functional Technologies Corp.

    Functional Technologies develops and commercializes proprietary, advanced yeast-based solutions to significant challenges in the food, beverage and healthcare industries. The Company’s platform improves the performance of innate yeast functions, and prevents the formation of naturally occurring toxins and contaminants that either affect final product quality or are classified by the World Health Organization as probable human carcinogens. Functional Technologies’ lead technologies include yeasts that prevent and reduce the formation of the foul-smelling hydrogen sulphide (H2S) and the carcinogens acrylamide and ethyl carbamate (more commonly known as urethane), by-products of food and beverage processing. These contaminants are found in many commonly consumed items, such as fermented food products and alcoholic beverages, and baked and fried foods. With a head office in Vancouver, Functional Technologies Corp. has R&D operations in Prince Edward Island and Europe, as well as a U.S. sales office in Napa Valley, California. For more information, please visit our website at www.functionaltechcorp.com.

    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.

    Get updated information on all Toronto Venture Exchange stocks at http://StockGuruCanada.com.

    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.


  5. News on STBV: Wazillo Media CEO to Appear on FOX News Radio

    February 8, 2012 by admin

    Strategic Global Investments (OTC: STBV)

    Wazillo Media CEO to Appear on FOX News Radio

    Andrew Fellner Interview on FOX News “Tipping Point” Radio Program

    Strategic Global Investments, Inc. (OTC Markets: STBV) announces that its President/CEO, Andrew Fellner, will appear as a guest on “Tipping Point with Boone Cutler”, a leading talk show on the Reno, Nevada affiliate of FOX News Radio 99.1FM. Boone Cutler, an Iraqi war veteran who spent time at the Walter Reed Medical Center during the Neglect Scandal is also the author of “Voodoo In Sadyr City”.

    Mr. Fellner is also the CEO of Wazillo Media, a revolutionary platform that brings real-time, live-streaming video to a global audience through a structure of powerful content management and distribution technologies. The end result is a revolutionary broadcasting system that allows businesses the opportunity to communicate their services and products directly to their target audience in real-time and at a cost much less than traditional media distribution.

    Wazillo Media is creating an exciting buzz within the business marketing and technology communities, attracting an impressive lineup of media outlets seeking to learn more about what Wazillo offers. Andrew Fellner is fast becoming a sought after guest on some of the nation’s top business programs and is enthusiastic about the opportunities to share what Wazillo Media is doing to help revolutionize business advertising.

    “I look forward to being a guest on ‘Tipping Point with Boone Cutler’ and to discussing the changing landscape of traditional and social media. Wazillo Media (www.WazilloMedia.com) is playing a key role in how the two are converging together through the use of our live streaming, interactive video technology. It allows audiences and groups to better connect with each other on a real time basis, which enhances any type of business marketing.”

    The topic should be of special interest to the “Tipping Point” audience as veteran groups and their advocates are well known for conducting fundraisers and rallies, often seeking effective ways to enroll more participants. Boone Cutler is known as a Veterans’ Rights leader that has become the first nationally recognized on-air personality who is also a Warfighter from the current war.

    His audience will benefit greatly from hearing the latest technologies being offered from Wazillo Media and how to use this platform to enhance their own causes to help war veterans. Listeners of the program will learn firsthand how to get involved and use Wazillo Media to further their business advertising as well as create their own media exposure.

    About Strategic Global Investments:

    Strategic Global Investments, Inc. is a publicly traded Delaware corporation trading on the OTC Markets Group and is a diversified company with ventures in online media, digital advertising, social media and emerging technologies. The company also owns resort property in Los Cabos, Baja that provides it with a substantial asset base.

    Trading Symbol: STBV

    Media Contact: Andy Fellner
    Phone: 18583849628
    Email: Andy@Wazillo.com

     

    StockGuru’s Profile for Strategic Global Investments

    This is the condensed version – Full StockGuru Profile Found Here:
    http://www.stockguru.com/about/stbv/

     

    www.StrategicGlobalInvestments.com

    Strategic Global Investments, Inc. (OTC: STBV) is a publicly traded Delaware corporation trading on the OTC Markets Group under the symbol STBV.  The company is poised to break out as one of the active players in the multimedia industry with special concentration in online media, digital advertising, social media and emerging technologies.

     

    Strategic’s Online Assets

    Strategic Global Investments, Inc. believes that the Company’s online solution and its market development is very timely and is driven by various key social, technical, and economic factors.

    Strategic’s online business is divided into the two segments:

    (more…)


  6. Spotlight TSX: GuestLogix’ Onboard Store Technology ‘Goes Live’ Across Entire Aer Lingus Carrier Network

    February 8, 2012 by admin

    GuestLogix Expands European Footprint Through Deployment of Its Onboard Retailing Platform With Ireland’s Flagship Carrier

    TORONTO, ONTARIO–(Marketwire – Feb. 7, 2012) - GuestLogix Inc. (TSX:GXI) (“GuestLogix” or the “Company”), the leading global provider of onboard store technology solutions to airlines and the passenger travel industry, announced today that it has deployed its onboard retail platform across the entire Aer Lingus route network of nearly 70 destinations throughout Ireland, the United Kingdom, Continental Europe and the United States. The implementation represents approximately 10.5 million annual passenger trips, and an opportunity for the airline to drive further ancillary sales and create a seamless customer travel experience across all flights.

    Full coverage of GXI: http://stockgurucanada.com/?s=gxi

    “This deployment signifies the Company’s goal to expand its footprint and increase market share in Europe through current airline customers and new strategic channel partnerships,” said Tom Douramakos, President and CEO of GuestLogix.

    “The establishment of the Company’s regional operations in Europe in 2011 paved the way for a successful Aer Lingus deployment,” said Richard Cushing, Senior Vice President and General Manager of GuestLogix Europe. “Through our localized delivery and service infrastructure, we are able to offer customers more robust deployment of our technology solutions, improved customer service and timelier turnaround for device logistics to keep their operations running smoothly.”

    In addition to revenue from low fares, Aer Lingus generates revenue from sales of products and services that are ancillary to its core passenger operations including inflight sales of merchandise, entertainment and meals. GuestLogix’ onboard retailing platform integrates the sale of these items and much more based on specific routings and passenger demographics.

    “GuestLogix provides the necessary technology to enable us to fully understand our customers’ needs and buying preferences. The deployment of this technology will assist us in providing Aer Lingus customers with the mix of products they want onboard their flight,” said Aidan Power, Director of Catering at Aer Lingus.

    About GuestLogix

    GuestLogix Inc. is the leading global provider of onboard store technology and merchandising solutions, which help airlines and other travel operators create, manage, and control onboard retail environments tailored to their needs and their passengers. Serving approximately 90% of the North American airline passenger traffic and 40% of the global airline passenger traffic, GuestLogix has become a trusted onboard transaction processing partner to airlines around the world. The Company’s global headquarters and centre for product innovation is located in Toronto, Canada with regional head offices around the globe including GuestLogix USA, serving the Americas, located in Dallas, Texas; GuestLogix Europe, located in London, UK, serving Europe, Middle East and Africa; GuestLogix Asia Pacific, located in Hong Kong; and a sales and support office located in Singapore. Logistics centres are situated in Toronto, Dallas, London and Seoul with a software development centre located in India. On February 1, 2012, the Company marked a major milestone celebrating its 10th Anniversary. Since its founding in 2002, the Canadian technology startup has established itself as a pioneer of the onboard retail revolution through its innovative technology solutions. GuestLogix is pleased to be recognized as one of Deloitte’s North America Technology Fast 500 and Canada Technology Fast 50 companies. GuestLogix is publicly traded on The Toronto Stock Exchange (GXI.T). More information is available at www.guestlogix.com.

    © 2012 GuestLogix. All Rights Reserved. ®OnTouch is a trademark of GuestLogix Inc. and is registered in the United States and may be pending or registered in other countries. All other trademarks and trade names are the property of their respective owners.

    Forward-Looking Statements This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix’ business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix’ current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under “Risks and Uncertainties” in the Filing Statement filed on July 14, 2011 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

     

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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.


  7. Spotlight TSX: Intrinsyc Experts to Present at Android(TM) Builders Summit and Embedded Linux Conference

    February 8, 2012 by admin

    Technical presentations to cover embedded MultiMediaCard (e-MMC) technology

    VANCOUVER, BRITISH COLUMBIA– Feb. 7, 2012 - Intrinsyc Software International (TSX:ICS) (“Intrinsyc” or the “Company”), a leading developer of intelligent connected devices, today announced that its engineering experts will give technical presentations on how to optimize performance of Linux and Android devices using embedded MultiMediaCard (eMMC) technology at the Android Builders Summit and Embedded Linux Conference. Events are produced by the Linux Foundation, a nonprofit consortium dedicated to fostering the growth of Linux. Intrinsyc is a member of the Linux Foundation and Bronze Sponsor of the Android Builders Summit.

    Full coverage of ICS: http://stockgurucanada.com/?s=ics

    Developers are increasingly choosing eMMC instead of raw NAND flash as their main storage media in embedded devices. Presentations provide a background on eMMC on the Linux Kernel and the current state of the Android platform in regards to eMMC. Presenters will share insights on how to effectively measure your eMMC performance, and tips to improve it. Topics covered include: filesystem bearing on MMC/SD performance, IO scheduler configuration, and optimal partition layout.

    The Android Builders Summit, February 13 – 14, 2012 at the Hotel Sofitel San Francisco Bay, Redwood Shores, CA, is a technical summit for OEMs, device manufacturers, integrators, custom builders, and the growing Android and Linux Kernel developer communities. The Android Builders Summit provides an intimate forum for collaboration at the systems level and discussion of core issues and opportunities when designing Android devices.

    The Embedded Linux Conference (ELC), February 15 – 17, 2012 at the Hotel Sofitel San Francisco Bay, Redwood Shores, CA, is the premier vendor-neutral technical conference for companies and developers using Linux in embedded products. This conference, now in its 8th year, has the largest collection of sessions dedicated exclusively to embedded Linux and embedded Linux developers.

    Tom Foy, Embedded Software Developer for Intrinsyc Software, will present at the Android Builders Summit. Tom has worked on multiple embedded Linux based products, specializing on e-readers and tablets. Mainly focusing in the areas of power management, ARM platform support and system performance he has experience in taking the often rough initial platforms provided by silicon vendors and making them ready for consumer use.

    Ken Tough, Principal Engineer with Intrinsyc Software, will present at the Embedded Linux Consortium. Ken led the platform development on Linux and Android-based embedded products, including system engineering on the several e-readers and tablets. He has broad experience in the areas of power management and charging, system performance, component qualification, USB, and product-hardening of reference BSPs.

    About Intrinsyc Software International, Inc.

    Intrinsyc is a product development company that brings to market next generation intelligent connected devices, from smartphones and tablets, to emerging categories of M2M (Machine-to-Machine) solutions. Intrinsyc is helping to lead the way to a networked society with 50 billion intelligent connected devices expected by 2020. Intrinsyc is publicly traded (TSX:ICS) and is headquartered in Vancouver, Canada, with operations in China, Taiwan and the United States.

     

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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.


  8. Spotlight TSX: JDSU Highlights Collaborative Innovation With Infinera

    February 8, 2012 by admin

    MILPITAS, CA– Feb 7, 2012 – JDSU (NASDAQ: JDSU) (TSX: JDU) today launched a new video segment as part of its Different View campaign on JDSU.tv. The segment highlights how JDSU collaborates closely with customers to provide innovative solutions that help advance the optical communications market.

    Full coverage of JDU: http://stockgurucanada.com/?s=jdu

    The main video features leading optical manufacturer Infinera and covers how the company works closely with JDSU to bring forth new optical communications solutions that enable faster and more reliable connectivity in response to growing demand for voice, video, and wireless applications among consumers.

    Three supporting videos on JDSU.tv highlight various aspects of JDSU culture that foster both innovation and collaboration at the company. Topics include the JDSU Innovation Council, JDSU customer service and employee culture at the company.

    “Collaboration with suppliers like JDSU provides a strategic advantage to Infinera,” said Tom Fallon, CEO at Infinera.”Together we bring innovative solutions to market that unleash the market potential of optical transport networks for global network operators.”

    “At JDSU, collaborative innovation starts with understanding our customers’ needs and working together on a daily basis to create successful solutions,” said Alan Lowe, president of the CCOP business segment at JDSU. “Infinera is an important customer for JDSU because they help us drive innovation and stay ahead the curve in terms of what the optical communications industry needs now and in the future.”

    To learn more about Infinera, go to: http://www.infinera.com/.

    About JDSU
    JDSU (NASDAQ: JDSU) (TSX: JDU) innovates and markets diverse technologies that enhance the way people experience the world every day. We enable fast, high-quality communications, secure financial transactions, reliable consumer electronics, green energy, differentiated brands and a host of other solutions. We provide these solutions through three business segments: Communications Test and Measurement, Communications and Commercial Optical Products, and Advanced Optical Technologies. To learn more about JDSU, please visit www.jdsu.com and www.jdsu.tv. Follow us on JDSU Perspectives, Twitter, Facebook and YouTube.

     

    Get updated information on all TSX and TSX Venture Exchange stocks at http://StockGuruCanada.com.

    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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    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.


  9. Spotlight Venture: Full Metal Minerals Engages SRK Consulting to Complete Initial Resource Estimate for Pyramid Porphyry Project, Alaska

    February 8, 2012 by admin

    VANCOUVER, BRITISH COLUMBIA– Feb. 7, 2012 - Full Metal Minerals Ltd. (TSX VENTURE:FMM) (“Full Metal”) is pleased is pleased to announce that it has engaged SRK Consulting (Canada) Inc. (“SRK”) to prepare an initial mineral resource estimate for the Pyramid copper-gold-molybdenum Porphyry Project and a new technical report to support its disclosure. The Company is targeting to release the mineral resource statement during Q2 2012.

    Full coverage of FMM: http://stockgurucanada.com/?s=fmm

    The specific deliverables within the technical services contract include the following:

    • Geological modeling and conceptual geostatistical studies on the Pyramid Property (this stage is currently in progress); and if the studies are sufficient,
    • Prepare an initial mineral resource statement after the completion of the current drilling program, and a technical report following Canadian Securities Administrators’ National Instrument 43-101 and Form 43-101 guidelines.

    The SRK Group comprises over 1,000 professionals, offering expertise in a wide range of resource engineering disciplines. The SRK Group’s independence is ensured by the fact that it holds no equity in any project and that its ownership rests solely with its staff. This permits SRK to provide its clients with conflict-free and objective recommendations on crucial judgment issues. SRK has a demonstrated track record in undertaking independent assessments of Mineral Resources and Mineral Reserves, project evaluations and audits, technical reports and independent feasibility evaluations to bankable standards on behalf of exploration and mining companies and financial institutions worldwide.

    About the Pyramid Project

    Highlights from the 2011 drilling program at Pyramid include:

    • PY11-007: 104.00 meters 0.72% Copper Equivalent
    • PY11-010: 310.29 meters 0.53% Copper Equivalent
    • PY11-012: 208.00 meters 0.54% Copper Equivalent
    • PY11-014: 100.00 meters 0.76% Copper Equivalent
    • PY11-016: 155.94 meters 0.97% Copper Equivalent
    • PY11-017: 117.54 meters 0.81% Copper Equivalent

    During the 2010 and 2011 season, seventeen holes were completed at Pyramid, funded by Antofagasta Minerals S.A. Drill holes were typically shallow for a Porphyry system, with most holes less than 300 meters in total length. Drilling spanned an area measuring approximately 1,100 meters east-west and 900 meters north-south, is open for expansion in all areas and at depth.

    Complete drill results from the 2011 program are as follows:

    Hole ID From (m) To (m) Interval (m) Cu% Au (ppm) Mo % Cu.Eq%
    11PY-006       No Significant Intercepts  
    11PY-007 6.00 110.00 104.00 0.56 0.129 0.009 0.72
    Including 12.00 60.00 48.00 0.74 0.152 0.011 0.93
    Including 26.00 36.00 10.00 0.86 0.167 0.018 1.11
                   
    11PY-008 70.00 154.00 84.00 0.27 0.036 0.013 0.38
    11PY-009       No Significant Intercepts  
    11PY-010 16.76 327.05 310.29 0.39 0.102 0.009 0.53
    Including 162.00 198.00 36.00 0.54 0.132 0.005 0.68
    Including 238.00 264.00 28.00 0.63 0.190 0.003 0.81
    Including 184.00 196.00 12.00 0.74 0.152 0.003 0.89
    Including 246.00 258.00 12.00 0.82 0.271 0.005 1.08
                   
    11PY-011       No Significant Intercepts  
    11PY-012 60.00 268.00 208.00 0.35 0.088 0.019 0.54
    Including 222.00 234.00 12.00 0.47 0.105 0.016 0.65
                   
    11PY-013 43.00 63.00 20.00 0.25 0.051 0.009 0.35
      91.00 103.00 12.00 0.30 0.083 0.031 0.56
      123.00 140.21 17.21 0.28 0.101 0.019 0.48
    11PY-014 46.00 146.00 100.00 0.48 0.102 0.033 0.76
    Including 84.00 106.00 22.00 0.57 0.102 0.027 0.82
    Including 118.00 146.00 28.00 0.67 0.142 0.024 0.93
    Including 138.00 144.00 6.00 0.98 0.165 0.014 1.20
    11PY-015       Lost Hole  
    11PY-016 94.00 249.94 155.94 0.71 0.179 0.018 0.97
    Including 94.00 108.00 14.00 0.95 0.201 0.025 1.27
    Including 226.00 246.00 20.00 0.99 0.151 0.012 1.19
    Including 230.00 240.00 10.00 1.15 0.185 0.012 1.38
    11PY-017 44.00 161.54 117.54 0.60 0.081 0.024 0.81
    Including 46.00 136.00 90.00 0.66 0.087 0.025 0.88
    Including 96.00 136.00 40.00 0.77 0.094 0.026 1.00

    *Copper equivalent calculations use metal prices of US$2.00/lb for copper, US$1,150/oz for gold, and US$12/lb for molybdenum. The contained copper represents estimated contained metal in the ground and has not been adjusted for metallurgical recoveries. Adjustment factors to account for differences in relative metallurgical recoveries for gold, copper and molybdenum will depend upon the completion of definitive metallurgical testing.

    CuEQ % = ((Cu% x 22.04lbs x $2.00) + (Au g/t x 36.973($/g)) + (Mo % x 22.04 lbs x $12.00))/(22.04 lbs x $2.00)

    Multiple hydrothermal centers have been identified at Pyramid, within an oval-shaped 2,300 meter by 1,400 meter mapped extent of phyllic and potassic alteration zones. Classic vein styles are identified in the core with early halo veins, A, B, and D veins hosting mineralization. Copper mineralization with variable molybdenum occurs within multiple phases of porphyritic intrusive rocks as well as hornfelsed sediments. Quartz diorite porphyry and quartz feldspar porphyry intrusives make up the bulk of the igneous rock types and hosts; diorites are known for their gold bearing affinity.

    Mineralization is typically comprised of chalcocite, covellite, chalcopyrite and molybdenite with supergene enrichment at depths ranging from 120 to over 250 meters below surface.

    Drill hole collar maps and tables are available at www.fullmetalminerals.com.

    The 37,296 hectare Pyramid Porphyry Project lies along the southern margin of the Alaska Peninsula approximately eight kilometers from tidewater. The area was initially explored in 1974 by the Aleut-Quintana-Duval Joint Venture, who drilled 19 shallow holes (maximum 168 meters depth) in late 1975 (1,695 meters total). Gold content was not an exploration target in the initial exploration effort. More recent exploration by Battle Mountain Gold in the late 1980′s identified associated gold values that have enhanced the potential of Pyramid.

    The 2011 exploration program at Pyramid was funded by Antofagasta Minerals S.A. (“Antofagasta Minerals”), who are currently earning a 51% interest in the Property. Full Metal has an exploration agreement with Option to Lease a 100% interest in mineral rights from the Aleut Corporation, an Alaska Native Regional Corporation, and has been granted the surface rights from Shumagin and TDX Corporations, Alaska Native Village Corporations (see FMM News Release #8, July 9, 2010).

    The 2011 exploration program at Pyramid was supervised by Jodie Gibson, P.Geo., Senior Geologist, and Robert McLeod, P.Geo., Vice-President Exploration of Full Metal Minerals. Both are Qualified Persons as defined by NI 43-101. Drill cores were cut in half using a diamond saw, with one half placed in sealed bags, and delivered to ALS-Chemex facilities in Fairbanks, Alaska. A sample quality control/quality assurance program utilizing standards and blanks, as well as third-party check labs has been implemented. Contents of this release were prepared by and approved for release by Mr. McLeod.

    Full Metal is a generative exploration company with five existing joint ventures, and multiple precious and base metal projects in Alaska.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Michael Williams, President and Director

    The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

     

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  10. Spotlight Venture: Ginguro Acquires 18 km(2) of New Lands at El Alto

    February 8, 2012 by admin

    SUDBURY, ONTARIO– Feb. 7, 2012 - Ginguro (TSX VENTURE:GEG) today provided an exploration update for its El Alto iron oxide-copper-gold project. El Alto is located 120 km north of Santiago and approximately 4 km south of the Cerro Negro copper mine.

    Ginguro has completed the first phase of diamond drilling at El Alto. This initial drilling targeted areas of high magnetism in the south-central portion of the property. Encouraging results were returned from hole EA-11-05, which intersected 28.88 meters of mineralization grading 0.5% copper, 18.8% iron and 1.8 g/T silver (see press release dated October 24, 2011).

    Full coverage of GEG: http://stockgurucanada.com/?s=geg

    The Company has also become aware of significant developments close to the western border of El Alto, where construction of a new copper mine has recently commenced on a neighbouring property. This new mining development currently consists of a series of pits being opened up along a 3 km x 1.5 km trend. Importantly, the mineralization being developed is copper mineralization near the contact of clastic sedimentary rocks and an underlying limestone unit (otherwise known as “manto-style” copper mineralization). The ore is being sent both to the Catemu copper plant to the south, as well as the Cerro Negro mine to the north.

    For Ginguro, the presence of this manto-style copper mineralization along the Company’s western boundary completes a very important picture. There is now ongoing mining of similar ore on both sides of El Alto, both east and west.

    Ginguro has capitalized on this development by acquiring an additional 18 square km of exploration concessions, bringing total land holdings to 94 km(2) (see map on the Company’s website at www.ginguro.com/projects_el-alto.html). These new lands are situated, for the most part, at a key elevation slightly higher than what is being mined on the western boundary.

    Ginguro now believes that there is excellent potential for finding extensive manto-style copper mineralization across the property. Furthermore, the IOCG target associated with the diorite intrusion not only remains intact, but is considered to be located just below the manto-style copper mineralization, which is acting as a marker horizon. This relationship is remarkably similar to that observed at the world-class Candelaria mine, where small scale manto mining, at an elevation above the IOCG ore body, preceded and facilitated the discovery of the massive Candelaria IOCG ore body.

    The manto mineralization, which is interpreted to underly the property, is entirely below drilling completed in the first phase drill program, which was conducted at higher elevations. Currently, the Company is conducting a program of geological mapping and structural analysis in order to identify areas best suited for the drill testing of both manto-style targets and the underlying IOCG potential. Additionally, Company geologists will be prospecting and mapping the 18 km² of additional lands. This work will take place within sight of several mining operations and will provide more accurate geological projections on which to base future exploration plans.

    Currently, all expenditures at El Alto are funded by Canadian Continental, a private Canadian exploration company, who is earning a 70% interest in the property by funding $5 million of exploration expenditures.

    About Ginguro

    Ginguro Exploration Inc. is a mineral exploration company focused on the advancement of its paleo-placer gold property, located in Pardo Township in northern Ontario and of its El Alto IOCG property located north-west of Santiago, Chile. To learn more about Ginguro Exploration Inc., please visit: www.ginguro.com.

    The Qualified Person responsible for the geological technical content of this news release is Richard Murphy, P.Geo, President and CEO of Ginguro Exploration Inc.

    Lab Analyses are done by ALS Patagonia Chile (ALS GLOBAL GROUP), Coquimbo, Chile. Analyses undertaken consist of: gold fire assay, measured by atomic absorption, and ICP (35 Elements) in aqua regia. If ICP returns over limits, the determination is made by atomic absorption.

    Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

    Neither 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.

     

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