Gold Stocks and Mining Stocks News and Trading Alerts

Coal Stock News Alert: VSUS Technologies Inc., (OTCQB:VSUT) Shareholder Update

2012-05-31T08:32:00.000-07:00

BOGOTA, Colombia - May 31, 2012 (Investorideas.com Newswire) VSUS Technologies Inc. (OTCQB:VSUT) President, John Campo, commented, "As a relatively unknown company, we understand the need to keep shareholders updated. Due to the large interest from international investors in the Colombian coal sector, we wanted to provide an overview of our company for both retail and institutional investors taking a closer look at VSUS Technologies Inc."

VSUS Technologies Inc. is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia . We own 100% of La Tabaquera mine in Colombia with an estimated 17 MM tonnes of reserves, 70% metallurgical and 30% thermal coal. These reserves were appraised by a licensed mining engineer in Colombia for an estimated gross value of US$ 70 MM "in situ" in the ground.
The Company has signed an LOI to purchase the neighboring property with expected reserves of over 100 MM tonnes. We anticipate closing this acquisition in the very near future.
There has been significant interest in the Colombian coal sector by international mining companies and investment bankers. South Africa 's Continental Coal acquired a 50% joint venture interest in a metallurgical coal mine. According to their press release, "Sales of hard coking coal are made at the mine's gate with current margins of about 75%."
Brazilian miner Vale said on Monday it agreed to sell its thermal coal assets in Colombia for $ 407 MM to a unit of Colombian Natural Resources, a mining company controlled by U.S. investment bank Goldman Sachs. Goldman Sachs already owns a stake in a railway and mines in the same area. Goldman Sachs has been quietly accumulating coal properties in Colombia for the past few years. It is important to note that Vale, the largest iron ore producer in the world, is selling the mines because thermal coal, used to generate electricity, is not part of the company's core business. They are keeping their more valuable metallurgical coal assets.
Due to the high quality of our metallurgical coal reserves, the Company has received an informal offer, through one of its shareholders, from a subsidiary of a major international energy conglomerate for the purchase of La Tabaquera; the Company will weigh all options including being acquired.
We are in talks with a company that owns producing oil wells in Wyoming that would like to be acquired by VSUS Technologies at a valuation far greater that our current market price. The oil company believes mutually we can raise funds to increase their production from 40-50 barrels of oil per day to 400 barrels. This cash flow, along with our assets, will make us more attractive to institutional investors and will allow us to acquire additional coal properties in Colombia as well as producing oil wells in the U.S.
The Company has increased its authorized shares in preparedness for these near term acquisitions. We have no plans to enter into any financing that could have a negative impact on our shareholders. The increase was done with the long term view of executing our business plan to take advantage of the huge roll up opportunities both in Colombia and the U.S.
As you are aware, we have begun our environmental impact studies for La Tabaquera. We anticipate completing these studies and applying for our mining permit within three months of receiving the necessary financing. We have been in extensive talks this week with financiers that are willing to provide favorable financing.
The Company would like to thank our shareholders for their continued support as we move into the next phase of our development.
Sincerely,
John Campo, President
VSUS Technologies Inc.
VSUS Technologies is a growing company that is acquiring coal concessions in Colombia in order to satisfy the world market demand for coal. Once a concession is acquired and the necessary financing is obtained, the Company will begin all the required environmental and geological studies to get them into production as efficiently as possible. The Company plans to have three revenue producing business units in Colombia : coal mining, coking oven facilities, and docks and river transportation along the Magdalena River . The Company is also exploring allegiances with U.S. universities to study capturing Coal Bed Methane (CBM) in Colombia . For more information on our company visit our new website at www.vsustechnologies.com
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. VSUS Technologies, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Company Contact:
Mr. John CampoPresident(1)-410-236-8200 USA (57) 318-657-0918
Colombiajcampo@vsustechnologies.com
VSUS ColombiaCra. 16 # 79-31 Suite 703aBogota , Colombia www.vsustechnologies.com
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Mining Stocks; YALE (TSX-V: YLL) Continues to Encounter Encouraging Results at Urique

2012-05-23T08:01:00.000-07:00

VANCOUVER, British Columbia - May 23, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report additional gold and silver results from its ongoing comprehensive work program at the 290 square kilometre Urique Project, located in Chihuahua State, Mexico, immediately north of Goldcorp's El Sauzal gold mine and immediately south of Kimber Resources' Monterde Property. Work at Urique is being performed on behalf of optionee Mammoth Resources Ltd.

A majority of the work in the southern portion of the Urique Project has been concentrated on the approximately four kilometre by four kilometre area immediately surrounding the town of Urique. The most important target identified, to date, is the El Rosario Target, which is defined by an approximately 175 by 450 metre silica alteration zone on surface with multiple widely spaced workings that tested the system over a vertical extent of approximately 200 metres. Previous sampling by Yale encountered bonanza grades of silver (+1,000 g/t) over narrow widths (see news releases dated Feb. 6, 2008) whereas recent sampling has been successful in identifying wider widths of mineralization such as the highlights below:

1.5 metre chip sample grading 4.77 g/t gold and 49.5 g/t silver;
4.2 metre chip sample grading 1.21 g/t gold and 12.6 g/t silver; and
1.4 metre chip sample grading 2.03 g/t gold and 14.4 g/t silver.

The El Rosario Target area is centred on the El Rosario working, which is made up of at least 600 metres of underground development that tested five veins � the longest of which was developed along at least 300 metres of strike length.
New mapping at El Rosario has re-interpreted a key geological unit that hosts the veining (and historic mining) at the El Rosario level to be a volcano-sedimentary unit that is much more extensive than previously thought. The orientation and size of this altered volcano-sedimentary unit may have significant implications on the controls on the emplacement of the high grade gold-silver mineralization and, as a result, on the potential to identify either feeder zones and or larger targets at depth.
Ongoing surface mapping and sampling continue to define the mineralization and alteration on surface as infill sampling has been successful in identifying additional zones of interest. A summary of the widespread sampling (defined by the nearest working) is provided below � to see a map of the El Rosario Target Area locating samples mentioned in this news release please click the following link: http://www.yaleresources.com/s/Urique.asp
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has eight projects in its portfolio of which four are optioned out with commitments totalling approximately $1.0 M in expenditures during the next 12 months.
Ian Foreman, P.Geo., is Yale's Qualified Person, according to National Instrument 43-101, for the Urique property and is responsible for any technical data mentioned in this news release.
Samples from Urique were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish. Silver, copper, lead and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
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.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
Ian Foreman, 604-678-2531

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Gold Stocks; Gold Bullion Development Corp. (TSX-V: GBB) releases 43-101 Technical Report on its Granada Gold Project

2012-05-21T08:19:00.002-07:00

VANCOUVER - May 21, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to provide an independent NI 43-101 Technical Report. prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), on its Granada Gold Property, located along the prolific Cadillac trend in North-western Quebec , 5 km south of the city of Rouyn-Noranda.

The Technical Report, entitled "Granada Gold Project Resource Estimate, Rouyn-Noranda, Abitibi, QC", dated May 17, 2012 with an effective date of April 2, 2012 , was prepared by SGS Canada Inc. and authored by Claude Duplessis , P.Eng., and Gilbert Rousseau , P.Eng., Qualified Persons as defined by NI 43-101 and Karina Sarabia , GIT and Jonathan Gagné, P.Eng.. The Technical Report is available through the Internet under the Company's profile on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on the Company's website at www.goldbulliondevelopmentcorp.com.

At this time the exploration potential is open since only a small area has been explored with drilling by Gold Bullion. However, assuming that the geological controls observed at the Granada property are similar in size and grade to the other mineralized veins and the known mineralization, there is every reason to believe that the area of potential mineralization at the Granada property is large. In summary, SGS Canada Inc. considers that the proposed program for further exploration on the Granada project by Gold Bullion is both warranted and justified as the potential for the discovery of additional resources is good.

Recommendations include: exploration drilling at depth, north of existing drilling to validate extension of the mineralized package at depth; substantial additional drilling to improve resource estimates in the conceptual open pit area and extension; drilling to the west, to the north and to the east on a 40 to 50m grid of surface holes drilling southward at 55 degrees dip; and a few infill holes where gaps exist along with 3 cross sections of 3 holes on 100m line to tests mineralization behind existing artificial footwall.

About Gold Bullion Development Corp.

Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Québec. Additional information on the company's Granada gold property is available by visiting their website atwww.GoldBullionDevelopmentCorp.com and on SEDAR.com.

Frank J. Basa, P.Eng.
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Mining News: Raptor Resources Holdings Inc. (OTCQB: RRHI) Initiates Gravity Mapping Program at Dodge Mine

2012-05-07T09:24:00.001-07:00

FREEHOLD, N.J. - May 7, 2012 (Investorideas.com Mining stocks newswire) Raptor Resources Holdings Inc. (OTCQB: RRHI) is pleased to announce that the gravity mapping program of Dodge Mine (Shamva, Zimbabwe) has started. With outstanding recommendations from barite geologist experts, the company has solicited the services of MWH GEO-Surveys Ltd. (http://www.mwhgeo.com/). Kevin MacNabb, owner/operator recently completed a pre-site survey of Dodge Mine to ensure the gravity mapping parameters of the hydrothermal mountain range are optimized to capture the multiple barite lenses across the property with additional recommendations to identify a variety of mineral/metal deposits.

Dodge Mine is classified as an Irregular Ore Body with close-spaced veinlets cutting the host rock and forming an intercalated network of cylindrical or cap-like deposits cutting across geological boundaries. Prior drilling reports identified barite, limestone/marble and talc. Of key interest is the documented widespread occurrences of gossans deposits indicating a massive undeveloped sulphide deposit often associated with gold, nickel, copper and lead. The presence of these metabasalt often point to gold in the host rock. Both local and international geologists have confirmed that the Dodge Mine barite deposits are world class, contain very high percentages of pure Barium Sulfate (BaSO4) and 100% recoverable.
Kevin MacNabb, owner/operator of MWH Geo-Surveys Ltd. stated, "These are exciting times for junior mining companies like Raptor Resources Holdings Inc. as I have watched firsthand the dramatic impact to shareholder value with successful gravity mapping programs performed for other mining companies in Africa." He further stated, "The pre-site survey was paramount in setting the optimum profile configuration for gravity mapping the Dodge Mine to address the unique features of their hydrothermal mountain range property."
Al Pietrangelo, President and CEO of Raptor Resources Holdings Inc. added, "We are excited to begin the mapping program teamed with highly acclaimed MWH Geo-Surveys Ltd and would like to thank Kevin for being proactive to personally assist us during the pre-site survey. With their state of the art Aliod 100X micro-gal gravity meters and GPS data loggers utilizing proprietary G Control software exclusive to the company, we look forward to sharing the data with our most prized resource of all, our shareholders."
Raptor Resources Holdings Inc. (parent/holding Company)
Raptor Resources Holdings Inc. is the parent/holding Company with three independently operating subsidiaries: TAG Minerals Inc., Mabwe Minerals Inc. and Lantis Laser, Inc.
(www.raptorresourcesholdings.com)
About TAG Minerals Inc.
TAG Minerals Inc. is a U.S. based (incorporated in Wyoming) mineral resource acquisition, exploration and development company, with operations conducted through its operating affiliate, TAG Minerals Zimbabwe (Private) Limited. The company's business is managed by its directors and officers who have mineral extraction and commercial experience. TAG's strategy is to identify, acquire and exploit mineral properties that have potential. TAG Minerals is augmented by independent financial, geological, and mining professionals who advise the company on its mining and exploration projects throughout Zimbabwe, Africa.
To find out more about the mining equipment utilized by TAG; visit (www.extrac-tec.com)
About Mabwe Minerals Inc.
Mabwe Minerals Inc. is a U.S. based natural resources and hard asset OTCQB publicly traded, fully reporting company engaged in the mining and commercial sales of industrial minerals and metals.
About Lantis Laser, Inc.
Lantis Laser, Inc. is developing under license, synergistic, high resolution, light-based imaging modalities which can detect decay and microstructural defects at an early stage, and unlike x-ray, do not emit potentially harmful ionizing radiation. Its products are in development and cannot be sold until FDA clearance for marketing is obtained.
(http://www.lantislaser.com)
For more news on OCT in Dentistry; visit: (www.octnews.org)
Safe Harbor.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
Published at Investorideas.com Newswire

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TSX Mining News: SilverCrest (SVL.V) (STVZF.PK) Reports 127.4m @ 65.6 gpt Ag Eq(i) at La Joya Expands Main Mineralized Trend to Northeast and Southwest

2012-05-07T08:43:00.001-07:00

VANCOUVER, BRITISH COLUMBIA - May 7, 2012 (Investorideas.com Mining stocks newswire) SilverCrest Mines Inc. (SVL.V) (STVZF.PK) (STVZF.PK) (the "Company") is pleased to announce the results of a further 16 holes of the Phase II drill program currently underway at its La Joya Property in Durango, Mexico. The Phase II program comprises an estimated 80 holes totaling approximately 15,000 metres. Phase II drilling to date has extended the Main Mineralized Trend ("Trend") an additional 500 meters to the northwest beyond the area of the current resource of 101.9 million ounces Ag Eq.(i) (see News release dated March 20, 2012). New results show the Trend expanding an additional 200 metres to the northeast and 100 metres to southwest with the average width increasing from 500 to approximately 700 metres along a strike length of 2,500 metres (see attached figure: here). Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.

J. Scott Drever, President stated: "In January we announced an initial Inferred Resource in a portion of the Trend of 57.9 million tonnes grading 28 gpt Ag, 0.18 gpt Au and 0.21% Cu and containing 101.9 million ounces Ag Equivalent(i). We have since drilled 23 holes as a part of the second phase of drilling that have successfully expanded mineralization in all lateral directions with the possible expansion of the resource along the Trend. We have begun to drill the area to the southeast of the declared resource which, based on previous historic drilling and our surface sampling results, is expected to host the most attractive mineralized portion of the Trend".
These further 16 holes have partially tested the eastern and western margins of the northern end of the Trend and have provided in-fill information within the resource area. Silver values range from 2.6 gpt to 255.7 gpt and on a silver equivalent(i) basis values range from 24.0 gpt to 445.6 gpt Ag Eq. Mineralized intervals range from 3.5 metres to 127.4 metres. True thicknesses of mineralized intercepts can be approximated from previously announced drill holes in associated areas and cross-sections. The most significant assay results are shown in the following table;
All sample analyses were completed by ALS Chemex in Zacatecas, Mexico and North Vancouver, BC, Canada.
Holes L J DD12-40 and L J DD12-41 have identified additional mineralization along the Contact Zone which had been previously drilled and defined as mineralization near the contact of Cretaceous sediments and underlying quartz feldspar porphyry stock and dykes. The Contact Zone is exposed at surface and in this area has a northwest-southeast strike approximately one and a half kilometer long with semi-massive to massive sulfide mineralization (primarily chalcopyrite and pyrrhotite) immediately adjacent to contacts. This type of mineralization is similar to that of the nearby producing Penoles' Sabinas Mine.
Holes L JDD12-44 to 48 have identified additional mineralization in the Northeast portion of the Trend previously identified as the "Esperanza" target. This mineralization is similar to previously defined mantos, structures/stockwork and the Contact Zone although the mantos and structures appear to be fewer in number and somewhat deeper than in the central section of the Trend. Further drilling in this area is required to better define near surface mineralization.
Core samples for holes L J DD12-49 to L J DD12-52 are currently in the laboratory being analyzed. The program is currently drilling at hole L JDD12-53 located on the south central part of the Trend. Assays for the next series of holes will be reported upon receipt and compilation. Several holes contain anomalous molybdenum, tungsten, lead and zinc values over significant widths in the skarn. The significance of these associated mineral zones is being examined.
The Phase II 80 hole drill program is expected to test approximately 2.5 kilometres of the Trend that includes at least the 8 near-vertical structures/stockwork zones, 14 near-horizontally stacked mantos plus the Contact Zone adjacent to the underlying intrusive. Drilling on the southern extension of the Trend has commenced. Based on Company surface mapping, sampling and historic drill hole results, this area is thought to be potentially the highest grade area along the Trend.
The La Joya Deposit currently has estimated Inferred Resources of:
Please refer to the January 4, 2012 news release for further details of the Inferred Resource estimate and to the La Joya NI 43-101 Technical Report filed on www.Sedar.com
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (SVL.V) (STVZF.PK) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
J. Scott Drever, President
SILVERCREST MINES INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
SilverCrest Mines Inc.
Fred Cooper
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)
info@silvercrestmines.com
www.silvercrestmines.com

Gold and Mining Stocks News Alert: Barrick Gold (NYSE:ABX) (TSX:ABX) Announces 33% Dividend Increase

2012-05-02T10:10:00.000-07:00

All figures in US dollars
TORONTO, ONTARIO - May 2, 2012 (Investorideas.com Mining stocks newswire) Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) today announced that, consistent with its practice of paying a progressive dividend, the Board of Directors has authorized a quarterly dividend of US20 cents per share, which represents a 33% increase from the previous dividend.

Barrick's strong earnings and operating cash flows, combined with its positive outlook on the gold price, enables the Company to continue to make high return investments in its project pipeline and also increase its dividend. Over the last six years, Barrick has had a consistent track record of progressively returning more capital to shareholders, increasing its dividend by more than 260%(1) on a quarterly basis(2).
The quarterly dividend is payable on June 15, 2012 to shareholders of record at the close of business on May 31, 2012.
Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this press release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: changes in the worldwide price of gold, copper or certain other commodities (such as silver, fuel and electricity); operating or technical difficulties in connection with mining or development activities; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; and changes in costs and estimates associated with our projects. Certain of these factors are discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
(1) Calculated based on converting the 2006 semi-annual dividend of US11 cents per share to a quarterly equivalent.
(2) The declaration and payment of dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash requirements, future prospects and other factors deemed relevant by the Board.
Contact Information
INVESTOR CONTACT: Greg Panagos
Senior Vice President
Investor Relations and Communications
(416) 309-2943
gpanagos@barrick.com

Gold Stocks; Gold Bullion (TSX-V: GBB) Closes First Tranche of Private Placement

2012-04-25T08:58:00.001-07:00

VANCOUVER - April 25, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce that it has closed the first tranche of a non-brokered private placement announced on April 13, 2012, by the issuance of 8,133,227 units at a price of $0.15 per unit to raise gross proceeds of $1,219,984.05. Each unit consists of one flow-through common share in the capital of the Company and one-half of a non-transferable share purchase warrant, each whole warrant entitling the holder to purchase one additional non-flow-through common share in the capital of the Company on or before April 23, 2013, at a purchase price of $0.175 per share.

In connection with certain subscriptions of the private placement, the Company paid finders' fees to Meadowbank Asset Management Inc. consisting of $87,998.72 in cash and non-transferable share purchase warrants to purchase 586,658 non-flow-through common shares in the capital of the Company, exercisable on or before April 23, 2013 at a purchase price of $0.175 per share. The cash commission was paid from unallocated working capital of Gold Bullion and not from the proceeds from the sale of the Units.
All securities issued by the Company pursuant to the private placement are subject to a hold period of four months and one day and cannot be resold until August 25, 2012.
Proceeds of the Private Placement will be used to incur expenditures on the Company's Granada Gold Mine which qualify as Canadian exploration expenses.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
For further information contact:
Frank J. Basa, P.Eng.
President and Chief Executive Officer
Progressive Investor Relations (Canada) at (604) 689-2881 or via email: info@progressive-ir.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Mining Stocks; YALE (TSX-V: YLL) and Overlord Finalize Orofino Option – Work to Commence Shortly

2012-04-19T07:33:00.002-07:00

VANCOUVER, British Columbia - April 19, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that it has received $50,000 and 50,000 common shares from Overlord Capital Ltd. as the initial commitment for the recently finalized option of an up to 70% interest in Yale's wholly owned Orofino Property located in Sonora State, Mexico. The transaction is Overlord's "Qualifying Transaction". Yale will be the initial operator and will manage the exploration on the property.

Under the terms of the Option Agreement, Overlord may earn up to a 70% interest in the property by paying Yale $100,000 ($50,000 received), issue to Yale 1,300,000 shares in Overlord (50,000 received), and incur a total of $2,100,000 in exploration expenditures on the Property over a four year period.
The first year's requirement will be $200,000 in exploration expenditures followed by a further $400,000 in the following year, $750,000 in the third year and $750,000 in the final year of the Option Agreement. Subsequent share issuances of 500,000, 150,000, 350,000 and 250,000 shares on the first, second, third, and fourth year anniversaries will also be due in order to keep the Option Agreement in good standing.
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has eight projects in its portfolio of which four are optioned with commitments totalling approximately $1.0M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
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.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
400 - 409 Granville St.,
Vancouver, BC, Canada V6C 1T2
News Release #12-4
Ian Foreman
604-678-2531

Mining Stocks; YALE (TSX-V: YLL) Reports On AGM

2012-04-11T09:44:00.002-07:00

VANCOUVER, British Columbia - April 11, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that all resolutions were passed at its Annual General Meeting held on April 10, 2012. The Board of Directors and management would like to thank all shareholders for their support and confidence.

"In these difficult markets it is reassuring to have the support of a core group of shareholders who understand that Yale's business model has shown considerable growth over last year and that we have the potential to significantly advance at least three of our projects in the coming 6 to 8 months with projected expenditures by our optionees to be approximately $1,000,000", stated Ian Foreman, P.Geo., president of Yale.
The Board of Directors and Officers for the upcoming year will consist of:

Ian Foreman, P.Geo. - President, Director and Audit Committee Member
Lindsay Bottomer, P.Geo - Director
David Hall - Director and Audit Committee Chair
Edmundo Uribe - Director and Audit Committee Member
Ezra Jimenez, LLM, MBA - Vice President - Operations and CFO

On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
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.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
400 - 409 Granville St.,
Vancouver, BC, Canada V6C 1T2
News Release #12-4
Ian Foreman
604-678-2531

Gold Stocks; Gold Bullion Development Corp. (TSX-V: GBB) - Shareholder Gold Royalty Program

2012-04-11T09:17:00.002-07:00

VANCOUVER - April 11, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to provide an update with respect to its proposed Shareholder Gold Royalty Program.

The Shareholder Gold Royalty is being developed so that Gold Bullion shareholders can participate in the security of gold ownership. The proposed Shareholder Gold Royalty is intended to allow Gold Bullion shareholders to receive a dividend payable in gold on a pro rata basis, based on the number of Gold Bullion shares held on the dividend record date. Shareholders who do not have a gold metal account or for other reason may not be able to receive the physical metal will be able to receive their dividend in Canadian dollars.
Gold Bullion intends to implement the Shareholder Gold Royalty if and when the Granada Gold Mine enters into production. The Shareholder Gold Royalty will be for the life of the Granada Gold Mine for all current resources, and for other resources that may be discovered through further exploration. Gold Bullion cannot guarantee that the Granada Gold Mine will enter into production or that the proposed Shareholder Gold Royalty will be implemented. The proposed Shareholder Gold Royalty replaces the Shareholder Gold Purchase Program outlined in Gold Bullion's news release dated June 4 th, 2008, and is part of Gold Bullion's forward-looking policy of ensuring shareholder value. Gold Bullion will inform shareholders of the details of the Shareholder Gold Royalty as the program is developed.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"
Frank J. Basa, P.Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Mining Stock Investor Video: Company Update from Yale Resource (TSX.V: YLL) at the 2012 PDAC in Toronto

2012-04-09T10:03:00.002-07:00

New York, NY - April 9, 2012 - (Investorideas.com Mining Newswire) - www.InvestorIdeas.com, a global investor research portal for independent investors, including gold and mining stocks issues a recent corporate update and video featuring Ian Foreman, P.Geo, .President of Yale Resources Ltd. (TSX-V - YLL, OTCBB - YRLLF, and FSE - YAB).
The Video features a Company update from Yale Resources at the 2012 PDAC in Toronto. President, Ian Foreman, P.Geo., is interviewed by Mike Niehuser of Beacon Rock Research at the PDAC . Ian expands upon what Yale is currently working on and expectations for the coming months.
Watch this video:
Mike Niehuser Inteviews Ian Foreman President of Yale Resources at the 2012 PDAC
More info onYale Resources Ltd. (TSX-V - YLL. OTCBB - YRLLF and Frankfurt - YAB)
Visit the Yale Profile on Investorideas.com

http://www.investorideas.com/CO/YLL/
Request news and stock alerts on YLL
http://www.investorideas.com/ Resources/Newsletter.asp
About Yale Resources: (TSX-V - YLL, OTCBB - YRLLF, and FSE - YAB) (Pink Sheets: YRLLF)
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has eight projects in its portfolio of which six are optioned out with commitments totalling approximately $1.5 M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
Contact

Ian Foreman
info@yaleresources.com
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Coal Stocks Alert; TurkPower (OTCBB:TRKP) Reports Proposed Name Change to SibMet Coal Corporation

2012-04-09T08:21:00.002-07:00

NEW YORK, NY - April 9, 2012 (Investorideas.com Mining stocks newswire) TurkPower Corporation (OTC.BB: TRKP) (the "Company") announced today that the Company plans to change its name to SibMet Coal Corporation. The name change reflects the Company's expanding focus on the booming metallurgical coking coal industry and the Company's projects in Siberia.

TurkPower recently announced the acquisition of the Zavyalov Square of the Toguchino Coal Field ("Zavyalov") located in the Toguchino District of Novosibirsk Region, Russia. Zavyalov decrees over 100 million tonnes of forecasted extractable quantity of coking coal. As part of the transaction the Company received inventory of coking coal worth in excess of $20 million, which the Company expects to sell in the second quarter of 2012.
The Company will inform about its revised business plan and forecasts, the status of the purchase of Zavyalov, additions to management and board of directors as well as the formation of its audit and compensation committees shortly.
About Zavyalov
The Zavyalov Square of the Toguchino Coal Field ("Zavyalov") located in the Toguchino District of Novosibirsk Region, Russia. Zavyalov decrees over 100M tonnes of forecasted extractable quantity of high-grade hard coking coal. Coal at Zavyalov is typically humic with relative low moisture (max 6%), volatile matters (avg. 20%) and GCV of 7990 - 8680 Kcal/kg. The grades of coal are fit for processing into metallurgical coking coal, which is in perpetual short supply and which trades at a high premium to "regular" coal.
About TurkPower Corporation
TurkPower Corporation (OTC.BB: TRKP.OB) is an American junior mining company in the process of acquiring 100% ownership of the Zavyalov Square of the Toguchino Coal Field, a privately owned coal field in Russia . TurkPower also owns a minority interest in an operational iron ore mine in Turkey . TurkPower is currently in the process of evaluating its options and defining its strategy regarding its asset in Turkey , and intends to inform its investors in the near future.
Forward-Looking Statements
Certain statements in this news release are forward-looking statements. Words such as "expects", "intends", "plans", "proposes", "may", "could", "should", "anticipates", "estimates", "likely", "possible", "potential", "believes" and words of similar import may identify forward-looking statements. Such statements are based on management's current expectations, estimates and projections about the companies' businesses, are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors beyond the control of either of the companies, including, but not limited to, the successful completion of the merger; the combined company's ability to raise the required additional capital to develop its mining assets and to identify other acquisition and/or joint venture opportunities in the mining sector, and to establish the technical and managerial infrastructure necessary to take advantage of, and successfully participate in, such opportunities; future economic conditions; demand for manganese and other minerals or metals the company may seek to extract; political stability; and changes in governmental regulations. Additional information on risks and other factors that may affect the business and financial results of TurkPower and the combined company can be found in filings of TurkPower with the U.S. Securities and Exchange Commission.
Contact:
TurkPower Corporation
100 Park Avenue
New York, New York 10017
T 212-984-0628
F 212-880-6499
Published at the Investorideas.com newswire
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Gold Stocks; Gold Bullion (TSX-V: GBB) Provides Mineral Resource Estimate for Granada

2012-04-03T08:22:00.000-07:00

VANCOUVER - April 2, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to provide an independent NI 43-101 compliant gold mineral resource estimate on its Granada Gold Property, located along the prolific Cadillac trend in North-western Quebec, 5 km south of the city of Rouyn-Noranda.

Highlights include the following:

The in situ measured resource is 97,700 ounces (3.02 million tonnes grading 1.01 g/t), indicated resource is 543,400 ounces (17.04 million tonnes grading 0.99 g/t), inferred resource is 846,600 ounces gold (23.93 million tonnes grading 1.10 g/t Au) using a cut-off grade of 0.40g/t.
The selected base case in-pit measured resource is 95,300 ounces (2.9 million tonnes grading 1.02 g/t), indicated resource is 435,600 ounces (12.49 million tonnes grading 1.08 g/t), inferred resource is 135,600 ounces gold (3.4 million tonnes grading 1.24 g/t Au) using a cut-off grade of 0.40g/t based on a Whittle-optimized pit shell simulation using estimated operating costs, a gold price of CAN$1300 per ounce and a corresponding lower cut-off grade of 0.4 grams per tonne gold.
Remaining underground resources under the selected base case in-pit surface above a cut-off grade of 2.0 g/t is 273,200 ounces (2.32 million tonnes grading 3.66 g/t).
Previous small open pits have been taken into account and are starting surfaces of optimization while the historical production of 51,476 ounces (181,744 sT @ 0.28 oz/sT) from 1930 to 1935 are included in the resource statement (cannot physically remove from measured, indicated or inferred).
The mineralized system is still open at depth and laterally.

SGS Canada Inc, (SGS Geostat office of Blainville, Qu�bec, "SGS") are the independent resource estimate consultants for the Granada project who have authorized the release of the following estimates.
The table below summarizes the SGS Geostat block model estimates using variable cut-off grades:
Granada Gold Deposit In Situ Resource Estimates
SGS also estimated an in-pit resource within a Whittle-optimized pit shell using a base case gold price of CAN$1300 per ounce. The table below summarizes the in-pit resources with the selected base case in Whittle optimizations:
The in-pit estimate is based on a mining cost of CAN$2.00 per tonne and a processing cost of CAN$16.00 per tonne (including general fees and administration costs), assuming gravity cyanidation treatment of the mineralized material, giving base cost of CAN$29.30 per tonne including stripping. Other assumptions include 94.1% recovery of gold and pit wall slope angle of 45 degrees in the south footwall and 50 degrees in the north hanging wall.
Details on the parameters of the resource estimates are as follows:

The database used for Granada comprised a total of 57,803 metres of drilling obtained from the 2009-2010-2011 Gold Bullion Development Corporation drill programs, now 326 of the 404 holes drilled to date.
Most NQ assays reported by Gold Bullion were obtained by standard 50 g fire assaying-AA finish or gravimetric finish and another fraction by screen metallics at various laboratories ALS Chemex laboratories in Val d'Or, Quebec , Accurassay, Lab Expert and Swastika. As additional QA/QC, SGS Geostat has carried an extensive independent sampling program with total gold testing, pulp reassays from various laboratories in addition to half witness core complete re assay program in order to get confidence and enable preparation of a NI 43-101 compliant estimate of resources.
The SGS database made of Gold Bullion validated data also comprised a total of 57,689 assays.
The estimates were done using Inverse Distance Square (ID2) as the interpolation method based on 1.5 metre analytical composites.
Composites calculations are based on original samples value and were afterward capped at 20 g/t.
All estimates are based on a Parent Cell dimension of 5 metres E, 5 metres N and 5 metres height with search ellipsoid and estimation parameters determined for the mineralized zone geometry. The block model grid extends from UTM 646,200E to 647,650E and 5,337,600N to 5,338,850N from (350m) to -250m above sea level site surface elevation around 320m.
Geological interpretation for the deposit identified one main structurally-controlled mineralized domain including higher grades within the envelope hosted by conglomerates of the Timiskaming group. The estimation of the mineralized domain was done in 3 runs where the first required a minimum of 4 holes using a maximum of 3 composite per hole within a search ellipsoid of 50m by 30m by 5m dipping 47 degrees north, while the second run used a minimum of 3 holes within a search ellipsoid of 100m by 60m by 10m dipping 47 degrees north, and the last run one hole within the domain minimum 3 composites in a 150m by 100m by 15m dipping 47 degrees north.
For the classification 4 holes with 3 composites within a 30m by 20m by 5m ellipsoid for measured, 3 holes with 3 composites within a 60m by 40m by 10m ellipsoid for indicated, the rest being inferred.
Underground voids (shaft & drifts) were modeled from historical mine plans and adjusted according to positions of drill intersections in stopes and drifts. The stopes could not be placed in space with accuracy. Historical production from underground needs to be subtracted from the resource estimate.
Tonnage estimates are based on rock densities of 2.70 tonnes/cubic metre.
The resource estimates using the lower cut-off of 0.4 g/t Au is emphasized for reporting purposes as this is the in-pit cut-off estimated for the CAN$1300 Whittle shell, which represents the reasonable potential of economic extraction in SGS QP's opinion.
Additional details will be provided in the technical report to be issued within the next 45 days.

Mr. Claude Duplessis , Ing. of SGS is the Qualified Persons who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"
Frank J. Basa, P.Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Mining Stocks; YALE (TSX-V: YLL) Continues to Encounter High Grade Silver at Los Amoles

2012-03-27T07:31:00.002-07:00

VANCOUVER, British Columbia - March 27, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that sampling at the Los Amoles Silver Property, located in central Sonora, continues to show the potential for multiple sampling techniques within the property as a test sampling of select shafts has returned the widest and highest grade results to date from the property. Work at Los Amoles is being performed by Yale on behalf of Sonora Resources, who by funding the exploration have the right to earn a 70% interest in the property.
The central target area of the property, which surrounds the historic Rosales mine, measures approximately 300 by 600 metres and has the highest concentration of historic workings with greater than 20 shafts and adits identified to date. The distribution of workings on different veins and different sections of each vein provides access to various levels of the mineralizing system due to the topography. All mineralization encountered to date is open along strike and to depth. The recently completed work program was designed to test the exposed vein in the walls of the vertical shafts of select workings. This has proven very effective in getting a true sense of the mineralization that is not exposed at surface. Below are the highlights of the sampling program:
Metallurgical recoveries and net smelter returns are assumed to be 100%.
In addition, a test soil grid covering an area measuring 200 by 400 metres proved very effective as it defined a 250 metre curvi-linear silver anomaly that has been interpreted to represent the buried continuation of a vein as well as several discrete anomalies that occur immediately down slope from historic workings and their respective waste piles.

As a result of the continued favourable results a much larger comprehensive sampling program is being proposed to Sonora Resources for the next exploration campaign on the project such that targets can be prioritized for drilling.
The work at Los Amoles during the past year has advanced the project significantly by concentrating on a two by three kilometre mineralized zone defined by a strong colour anomaly and now known to contain at least 60 veins with strike lengths up to 1 kilometre, 40 historic workings (adits and excavations) and 19 shafts.
About the Los Amoles Property:
The early stage wholly owned 16.3 square kilometre Los Amoles Property is located approximately 150 kilometres northeast of the Hermosillo, Sonora State, Mexico. The property is approximately 10 kilometres northeast of the La Caridad Mine, operated by Grupo Mexico, which is one of the largest mining and processing complexes in Mexico.
Sonora Resources Ltd. has an option to earn a 70% interest in the property by paying to Yale US $ 50,000 (received), spending US $ 900,000 ($200,000 spent) on exploration expenditures and issuing 1,000,000 shares (600,000 have been received) to Yale over three years.
Work performed to date by Yale has concentrated on an area (the Rosales area) that is on the south eastern edge of a 4.0 by 2.75 km regional magnetic anomaly. Yale's interpretation is that the Rosales area represents silver-lead +/- gold veins that are distal to a porphyry system. The potential for this regional anomaly to reflect a buried porphyry has yet to be tested. Many of Sonora's most significant porphyry deposits are located within 70 km of the Los Amoles property.
Samples from Los Amoles were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 100 g/t silver were re-assayed using gravimetric methods.
Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101. The Los Amoles property is an early stage project that requires additional sampling and geological mapping to fully determine the project's potential.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
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.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531

Gold Stocks; Gold Bullion (TSX-V: GBB) Provides Granada Mine Update

2012-03-26T08:02:00.000-07:00

VANCOUVER - March 26, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to provide an update on its Granada Gold Property, located along the prolific Cadillac trend in North-western Quebec, 5 km south of the city of Rouyn-Noranda.

The Company has completed approximately 78,000 metres of drilling resulting in a significant expansion of the LONG Bars zone. The surface footprint has increased 5 fold from the original footprint, 300 metres by 600 metres, to over 750 metres by 1200 metres. In addition to the two historic shafts in the area where current mineralization exploration is being undertaken, there are another 3 historic shafts within a 6.8 km strike length to the east indicating that less than 20 percent of the potential Granada strike length has been explored to date.
Another 3.3 to 6.8 km is also open to exploration on the eastern Adanac Extension of the Granada Mine land holdings. Between this and the Granada Eastern Extension, is a 5.2 km area that Osisko Mining Corporation is currently exploring which already has historical drill sections. These sections confirm further mineralization to the east of Gold Bullion's Eastern Extension and extends the mineralized trend eastwards to Gold Bullion's eastern Adanac Extension property.
As such, the overall potential strike length of Gold Bullion's land holdings ranges from 10.1 to 13.6 km with no exploration undertaken to date on the eastern Adanac Extension. The current drill program is focused on evaluating the extent of the mineralization to the north and at depth.
Hole GR-11-390, the northern most hole drilled by Gold Bullion to date, encountered three significant mineralized sections of interest as follows:
These are probable extensions of veins, deformation zones and alteration zones identified from recent and historic drilling at shallower depths. Work at Granada has shown that gold mineralization on the property occurs in veins and along contact of deformed conglomerate clasts and in alteration zones. The current drill program plan is for 3 holes with a wedge in each giving 6 pierce points through the projected mineralized zone.
Roughly 6,560 metres will be drilled with the goal of intersecting mineralization at depth in order to evaluate a potential down dip depth of over 2,000 metres at 50 to 70 degrees dip to the north. Of this total down dip length, we have thus far encountered gold mineralization of interest along 650 metres. As such, in theory, just 32.5 percent has been explored to date. The objective is to hit a minimum of 2 of the 5 known mineralized zones with thickness greater than 3 metres and grades at or above 3 g/t Au.
Near surface, the Company is in the exploration range for low-grade deposits of 10 to 20 ounces per metre drilled as compared to Osisko at 6,846 holes drilled for 789,707 metres at 1.37 grams per tonne for 8.6 million ounces of gold and Detour at 5,877 holes drilled for 889,520 meters at 1.08 grams per tonne for 17.67 million ounces of gold. Their respective ounces per meter drilled are 10.89 for Osisko and 19.86 for Detour. The Company is using this rule of thumb and expects to be in the lower range for the LONG Bars Zone of which overall approximately only 10 percent has been explored thus far.
The Company will release a NI 43-101 compliant resource estimate in the first quarter of 2012 being prepared with 321 of the 404 holes drilled to date. A total of 56,315 metres of the roughly 78,000 metres drilled so far are being utilized in the calculation of this first resource estimate. Gold Bullion plans to include the remainder of the drill data, inclusive of current drilling, into an additional or updated resource calculation to be released at a later date.
The balance of the Granada property still remains to be explored, with 3 other primary target areas that have been defined on the 11,000 hectare land holding.
The ongoing metallurgical test work has confirmed high gold recovery rates exceeding 90 percent, achieved via conventional gravity recovery followed by cyanidation. These results stem from the initial bulk sample undertaken in 2007 when 28,000 tonnes of mineralized material was processed and the work under taken by Gekko Systems and SGS Lakefield.
Gold Bullion is also undertaking baseline and hydro-geological studies in accordance with prerequisite regulatory requirements for issuance of a certificate of approval.
Claude Duplessis, Eng. is acting as the qualified person (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.
Gold Bullion's management hope you can attend the Annual General Meeting scheduled for April 12, 2012 in Montreal, Quebec and look forward to meeting those able to make it. For further details please contact our head office in Montreal at 1-514-397-4000.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
"Frank J. Basa"
Frank J. Basa, P.Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Silver Stocks News Alert: SilverCrest (TSX.V:SVL) Reports 58m @ 164.7 gpt Ag Eq at La Joya

2012-03-21T07:25:00.000-07:00

VANCOUVER, BC - March 21, 2012 (Investorideas.com Mining stocks newswire) Silver Investor News Alert: SilverCrest Mines Inc. (TSX-V: SVL OTCQX: STVZF) announce the results of the first six holes of 18 Phase II core holes (approx. 8,000 metres) completed to date at its La Joya Property in Durango, Mexico. Phase II contemplates a total of 80 holes (approx. 15,000 metres) and drilling to date has extended the Main Mineralized Trend (“Trend”) an additional 500 meters to the northwest from the current resource area (see attached figures). http://media3.marketwire.com/ docs/svl320_F1-2.pdf

The width of the Trend averages approximately 500 metres; narrowing to the northwest (approx. 300 metres) and widening to the southeast (approx. 800 metres) and has been traced along strike with drilling and surface sampling for approximately 2,500 metres. Please reference our website at www.silvercrestmines.com for more information, photos and figures on La Joya.
Also Watch the BNN Interview with Scott Drever for more info
http://vod.bnn.ca/Video/632809
J. Scott Drever, President stated: "In January we announced an initial Inferred Resource on a portion of the Trend of 57.9 million tonnes grading 28 gpt Ag, 0.18 gpt au and 0.21% Cu and containing 101.9 million ounces Ag Equivalent*. A portion of the Phase II drilling is intended to explore the possible expansion of this resource estimate to the northwest as well as the southeast along the Trend and infill some of the wider spaced drill holes within the resource area. The remainder of the program will test three targets adjacent to the Trend which have been shown by historical drilling and sampling to host significant Ag, Cu, Au, W, and Mo mineralization".
The first 6 holes in Phase II and re-sampling (full) of one historic hole LB96-04R, have partially tested the northwestern extension of the Trend. Silver values range from 6.5 gpt to 153.5 gpt and on a silver equivalent* basis values range from 16.9 gpt to 354.0 gpt. True thicknesses and actual depth of mineralization from surface can be approximated from the attached cross section. Holes LJ DD11-28, 31 and 32 are considered outside the current defined Trend and not presented on Section A � A'. The most significant assay results are shown in the following table and have a weighted average grade of 75.9 gpt Ag Eq* and an average thickness of 22.7 metres.

* Silver equivalency includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed.

All sample analyses were completed by Inspectorate Exploration & Mining Services Ltd. in Durango, Mexico and Richmond, BC or ALS Chemex in Zacatecas and North Vancouver.
The underlying intrusive is exposed at the surface on the southern end of the Trend and from the recent drilling, appears to be increasing in depth at the northern end of the Trend. The best reported intercept in this series is from a verified historical drill hole (LB96-04R) and is thought to represent an extension of mineralized mantos that are drill-defined to the southeast. The Company has been given access to over 8,000 metres of historic core for validation including hole LB96-04. A portion of LB96-04 was previously independently validated and is presented in the "Resource Estimate for the La Joya Property, Durango, Mexico, NI 43-101 Technical Report" date February 20, 2012.
Core samples for holes L J DD12-33 to 42 are currently in the laboratory and assays will be reported upon receipt and compilation. Also, further assay results from splitting and sampling of historic core are being received and compiled. Several holes contain anomalous molybdenum (Mo) and tungsten (W) values over significant widths in skarn.
The Phase II 80 hole drill program is expected to test approximately 2.5 kilometres of the Trend that includes at least the 8 near-vertical structures/stockwork zones, 14 near-horizontally stacked mantos and a Contact Zone with the underlying intrusive. Based on the encouraging results to date, additional drills are being mobilized to accelerate this Phase II exploration program. Drilling on the southern extension of the Trend has started. Based on Company surface mapping, sampling and historic drill hole results, this area is thought to be potentially the highest grade area along the Trend.
The La Joya Deposit currently has an estimated resource of:

**Classified by EBA, A Tetra Tech Company and conforms to NI 43-101, 43-101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources.

*** Mineralization boundaries used in the interpretation of the geological model and resource estimates are based on cutoff grades of 15 gpt Ag Eq and 30 gpt Ag Eq using the metal price ratios described above.

Please refer to the January 4, 2012 news release for further details of the Inferred Resource estimate and to the La Joya NI 43-101 Technical Report filed on www.Sedar.com
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is N. Eric Fier, CPG, P.Eng, and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents.
SilverCrest Mines Inc. (TSX-V: SVL; OTCQX: STVZF) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, M�xico. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward-looking statements concern the Company's anticipated results and developments in the Company's operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company's ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company's status as a foreign private issuer in the United States; risks related to all of the Company's properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.
The information provided in this news release is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.

"J. Scott Drever"
J. Scott Drever, President
SILVERCREST MINES INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Fred Cooper
Telephone: (604) 694-1730 ext. 108
Fax: (604) 694-1761
Toll Free: 1-866-691-1730
Email: info@silvercrestmines.com
Website: www.silvercrestmines.com
Suite 501 - 570 Granville Street
Vancouver, BC Canada V6C 3P1
Published at the Investorideas.com Mining Newswire
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Silvercrest Mines has compensated Investorideas.com for the dissemination and publishing of this news through Investorideas.com site, blogs and syndicated partners, email IR partners ;six thousand .
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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Gold Stocks; Gold Bullion (TSX-V: GBB) announces additional positive drill data update

2012-03-14T07:35:00.000-07:00

VANCOUVER - March 14, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce additional drill results from several holes located throughout the mineralized area of the Granada Gold Property. The subject property is located along the prolific Cadillac trend in North-western Quebec , 5 km south of the city of Rouyn-Noranda.

Hole GR-11-390 confirms extension of the mineralization at depth. This hole is the northern most hole drilled thus far from which data is available. High grade gold intersections continue to be discovered at depth on the northern extension from existing mineralization.
Results include 256.5 metres grading 0.44 g/t Au with three specific high grade zones: at 340 metres downhole with 10.5 metres grading 2.92 g/t Au, the second at 480 metres with 4.5 metres grading 4.52 g/t Au and a third at 532.5 metres with 9 metres grading 2.81 g/t Au. Frank Basa , Gold Bullion's CEO, is very encouraged by results that consistently demonstrate the presence of widespread significant gold on the Granada property.
Additional substantive drill data is included in a table format below.
57.15

Hole		From (m)	To(m)	Length(m)	Au g/t
GR-10-29		203.00	321.00	118.0	0.31
	including	268.50	321.00	52.5	0.55
	including	316.50	321.00	4.5	3.78
GR-10-30		63.50	284.50	221.0	0.30
	including	63.50	134.25	70.8	0.62
	including	126.75	134.25	7.5	3.25
GR-10-66		33.00	153.00	120.0	0.47
	including	33.00	78.00	45.0	0.70
	including	129.00	153.00	24.0	0.89
GR-10-89		4.50	18.00	13.5	2.44
		100.50	152.00	51.5	0.29
	including	137.00	152.00	15.0	0.77
GR-10-123		22.00	140.50	118.5	0.31
	including	116.00	140.50	24.5	0.99
	including	127.50	137.50	10.0	1.92
GR-10-162		18.40 40.65 22.3	0.30
		77.00	19.9	0.38
GR-10-191		136.50	285.40	148.9	0.19
	including	136.50	145.00	8.5	0.67
GR-11-202		3.00	13.82	10.8	0.49
		56.50	63.00	6.5	0.35
GR-11-204		2.40	52.50	50.1	0.39
	including	43.50	52.50	9.0	1.80
GR-11-208		188.50	202.35	13.9	0.62
GR-11-264		27.50	85.50	58.0	0.29
	including	27.50	33.50	6.0	1.37
	including	78.00	85.50	7.5	0.60
GR-11-265		21.00	118.00 97.0	0.86
	including	28.00	45.00	17.0	1.39
	including	78.00	109.00	31.0	1.65
GR-11-267		26.00	56.00	30.0	0.41
GR-11-277		18.50	112.45	94.0	0.42
	including	88.40	112.00	23.6	1.13
GR-11-278		36.50	111.00	74.5	0.55
	including	76.00	90.10	14.1	1.79
GR-11-279		22.50	218.00	195.5	0.26
	including	193.50	209.00	15.5	1.37
GR-11-281		42.00	231.50	189.5	0.35
	including	130.90	149.50	18.6	2.41
GR-11-283		232.00	299.50	67.5	0.24
GR-11-284		18.70	186.00	167.3	0.68
	including	51.50	95.50	44.0	0.37
	including	154.80	186.00	31.2	2.85
GR-11-289		19.50	108.00	88.5	0.32
	including	25.30	36.00	10.7	1.08
GR-11-290		15.50	136.50	121.0	0.39
	including	15.50	72.00	56.5	0.74
GR-11-291		30.00	80.50	50.5	0.64
	including	30.00	61.00	31.0	0.97
GR-11-292		10.50	134.00	123.5	0.41
	including	96.50	134.00	37.5	0.53
GR-11-294		19.00	130.00	111.0	0.87
	including	73.50	109.50	36.0	2.42
GR-11-296		11.50	126.50	115.0	0.78
	including	11.50	69.50	58.0	1.40
GR-11-390		285.00	541.50	256.5	0.44
	including	285.00	350.50	65.5	0.65
	including	340.00	350.50	10.5	2.92
	including	480.00	541.50	61.5	0.86
	including	480.00	484.50	4.5	4.52
	including	532.50	541.50	9.0	2.81

Exactly 80%, (24 of the 30) drill holes intersected significant mineralization. The 6 holes that did not were omitted from the above table. Those omitted were holes, GR-10-168, GR-11-244, GR-11-245, GR-11-247, GR-11-249 & GR-11-273.
Holes 244, 245, 247 & 249 were exploration holes drilled outside the main mineralized zone, while hole 168 encountered directional challenges and did not therefore yield noteworthy results. The widths reported in the preceding table are drill widths as "true" widths are unknown at this time. All assays are uncut, length-weighted average values.
Core analysis from the above holes was undertaken by ALS Chemex Labs in Val d'Or, Quebec , and by the Accurassay Laboratory in Timmins, Ontario. Gold was assayed by fire assay with additional metallics analysis on samples where visible gold was apparent and identifiable. Quality control was further enhanced by inserting blind certified standard reference material and blanks into the sample stream at regular intervals. This control procedure was carried out by logging personnel to ensure the highest level of independent assessment and overall analytical accuracy.
Claude Duplessis , Eng. is acting as the qualified person (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of this press release.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Gold Stocks; Gold Bullion (TSX-V: GBB) Announces new Drill Program at Granada

2012-03-01T11:44:00.000-08:00

VANCOUVER - March 1, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) (the "Company" or "Gold Bullion") is pleased to announce a new drill program on the Company's Flagship Granada property located along the Cadillac trend in North-western Quebec , 5 km south of the city of Rouyn-Noranda.

The new drill program is intended to test structures and gold grades at depth on the north extension 2012 project.
The program comprises the drilling of 2 deep holes on the northern edge of the property and within these holes, a minimum of one wedge will be added in order to have 2 pierce points per hole, generating a total of 4 pierce points (2 cross sections with 2 intersections). The two deep holes will be followed up with a 3rd hole located between the two sections and the existing known drilled area, in order to confirm the extent of the panel. In addition, a wedge in the 3rd hole is also being considered.
Two drills from Landdrill International Ltd. are currently on the site with drilling to begin in short order. Based on current information, the mineralization trend is relatively East-West dipping North 50 to 70. The zones are cut by NNE faults therefore the program will put the holes due south, in order to avoid following one of these faults even with a possible deviation to the right. Holes should start in HQ down to a depth of 400 metres followed by NQ. In the event problems are encountered within NQ, the smaller diameter BQ will follow at depth.
The program details are as follows:
Hole 12-01 1660m at -78 due south
Hole 12-01a(w) wedge at 530m for 1050m due south aiming up at -70 or better
Hole 12-02 1450m at -75 due south
Hole 12-02a(w) wedge at 540m for 900m due south aiming up at -68 or better
Hole 12-03 1000m at -75 due south
Hole 12-03a(w) wedge at 500m for 500m due south aiming up at -70 or better
The total drill programme is estimated to be 6,560 meters.
A drill hole location map, (Google Earth map), as well as the cross sections with planned holes and wedges can be reviewed on the Gold Bullion web site at www.goldbulliondevelopmentcorp.com/ en/projects/hole-drilling.aspx
Claude Duplessis, Eng. is acting as qualified persons (QP) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and have reviewed the technical contents of this press release.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Gold Stocks; Gold Bullion (TSX-V: GBB) announces preliminary metallurgical testing showing average gold recovery of 94.1 % with an average gold grade of 0.94 g/t at the Granada Gold Property

2012-02-29T09:00:00.000-08:00

VANCOUVER - February 29, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) is pleased to announce the release of 29 composite sample results from the SGS Lakefield Gold Metallurgical Testing Group. These results are to be used in the Total gold determination program that SGS Geostat is working on for the Granada Gold Property located on the prolific Cadillac trend, south of Rouyn-Noranda, Quebec, Canada.

The purpose of the test was to determine the head grades and recoveries of the various composites in order to compare them with the individual assay results. Mr. Claude Duplessis , Eng., the SGS Geostat Q.P., selected 29 different composite samples from 29 different mineralized zones at various depths with variable grades. The test work consisted of a total gold metallurgical balance that resulted in overall gold recovery data.
Overall recovery rates averaged 94.1% ranging from 87.1% to 98.5%. These numbers demonstrate that even at low grades, superior recovery of gold can be achieved within the mineralized zones by using gravity followed by cyanidation on the Granada property. The recovery rates using only gravity ranged from 25.1% to 78.0% with an average rate of 50.6% indicating a significant amount of free gold is present.
Test details summary:

The composites were prepared by blending from 7 to 11 individual witness core samples to represent a continuous mineralized zone from 9.1 to 16.5m long. The total composite weight ranged from 17 kg to 41 kg
The composites were then crushed to minus 10 mesh. The crushed sample was riffled into 10 kg test charges with each composite treated in its entirety
Each composite sample was ground in 10 kg batches in a laboratory rod mill to approximately 80% passing 75 �m (1�10-6 of a metre.) The grind sizes for processing ranged from 52 - 102 �m, averaging 77 �m
The mill discharge was passed through a Knelson concentrator and the concentrate was then cleaned on a Mozley mineral separator. All of the resulting concentrate from the Mozley separator was then fire assayed for gold
The Mozley and Knelson tailings were then combined and submitted for cyanide leaching
The pregnant leach solution was collected and submitted for gold (Au) assay. The leached pulp was also sampled for gold content by fire assay. An overall (gravity + cyanidation) gold metallurgical balance was then performed to calculate the head grade of each composite

Tests were conducted under the supervision of Lesley Hendry , project metallurgist at the Lakefield facilities of SGS Canada.
The comparison between the length weighted average gold grade from the original uncapped assay results versus SGS Total gold on an individual basis shows some variance as expected. This variance is directly related to the nature of the gold mineralization at Granada. The weighted average of the original composite data is 1.16 g/t while the average of the total gold test is 0.94 g/t. When the capping of an individual Fire Assay result of 36.94 g/t in composite #14 to 10 g/t is applied, the original average grade is 1.05g/t.
For complete details of the Total Gold metallurgical tests including accompanying tables, please go to the web site at www.GoldBullionDevelopmentCorp.com
Claude Duplessis, Eng. is acting as the qualified person (Q.P.) for Gold Bullion Development Corp. in compliance with National Instrument 43-101 and has reviewed the technical contents of and data included in this press release.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Qu�bec. Additional information on the company's Granada gold property is available by visiting their website at www.GoldBullionDevelopmentCorp.com and on SEDAR.com.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Silver Stock Alert; TSX Junior SilverCrest (TSX.V: SVL) Trades Up over 8%

2012-02-28T11:19:00.002-08:00

New York, NY - February 28, 2012 - www.InvestorIdeas.com, a global investor research portal, specializing in sector research for independent investors, issues releases the following trading and news snapshot for silver stock, SilverCrest Mines Inc. ( TSX-V:SVL, OTCQX: STVZF). The stock is trading up at $2.95, up 0.24 (8.86%) 1:07PM EST on over 400,000 shares, with a day's high of $2.97.
The Company announced on February 21st it filed the NI43-101 Technical Report and initial resource estimation for its La Joya Property in Durango, Mexico. Inferred Resources previously announced in a news release dated January 5, 2012 are estimated at 57.9 million tonnes grading 28 gpt silver, 0.18 gpt gold, and 0.21% copper.
SilverCrest Mines Inc. (TSX-V: SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.

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Mining Stocks; YALE (TSX-V: YLL) Expands Gold Mineralized Zones at San Pedro, Urique

2012-02-23T08:29:00.002-08:00

VANCOUVER, British Columbia - February 23, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that a comprehensive work program is now underway at the Urique Project, located in Chihuahua State, Mexico, immediately north of Goldcorp's El Sauzal gold mine and immediately south of Kimber Resources' Monterde Property. Work at Urique is being performed on behalf of optionee Mammoth Resources Ltd. (MTH � TSX.V).
The initial results from sampling at the San Pedro Target has identified multiple new zones of gold mineralization and confirmed the strong potential of previously known zones. Gold and silver mineralization at San Pedro is interpreted to be low to intermediate sulfidation and occurs as widely spaced quartz vein/stockwork zones and shear zones associated with felsic dykes hosted in strongly altered volcanic rocks.
Important gold values (greater than 0.3 g/t Au) now have been identified throughout an area measuring approximately 1,400 metres by 1,000 metres. In this initial phase, 121 rock chip samples were taken from quartz veins/stockwork zones and their immediate wall rock near or at the entrance of small mine workings. Highlights from this first widespread sampling are listed below:
To date only a combined 50.6 linear meters of trenches have been sampled. A number of trenches are open and need to be extended to fully define the following results (see table above for detail):

Trench 2 - first sample returned 1.55 g/t gold
Trench 4 - first sample returned 3.77 g/t gold
Trench 6 - first sample returned 18.78 g/t gold and the last sample returned 1.63 g/t gold
Trench 7 - first sample returned 0.53 g/t gold and the last sample returned 4.07 g/t gold

Ongoing work at Urique:
The Company currently has four geologists dedicated to the project based out of two camps that are used as the bases of operations to cover the northern portion of the property � Urique North and the southern portion of the property � Urique South.
Work in Urique North will be concentration on the San Pedro target before moving on to the Cuiteco Target and other anomalies whereas the field program in Urique South Ongoing work will continue to develop a geological database and understanding of the Urique Target Area, which contains greater than 20 historic producing mines, as well as investigate numerous other targets and prospects located in the southern portion of the property that borders Goldcorp's El Sauzal property. The goal of this work is to advance the primary target areas to the drill-ready stage as rapidly as possible.
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has nine projects in its portfolio of which five are optioned out with commitments totalling approximately $1.3 M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
Ian Foreman, P.Geo, is Yale's Qualified Person, according to National Instrument 43-101, for the Dos Naciones properties and is responsible for any technical data mentioned in this news release.
Samples from Dos Naciones were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish. Silver, copper, lead and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
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.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531

Gold and Mining Stocks; Gold Bullion (TSX-V: GBB) Enters Into Option Agreement to Acquire Beaver and Violet Silver Properties, Postpones Castle Silver Mines IPO

2012-02-17T07:24:00.001-08:00

VANCOUVER - February 15, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) is pleased to announce that it has entered into an option agreement with Ansil Resources Ltd. that gives Gold Bullion the option to acquire 100% ownership of both the Beaver and Violet silver properties located in the township of Coleman, Ontario.

To acquire ownership of both properties, Gold Bullion paid $10,000 to Ansil Resources and over the next seven years must incur an aggregate of $100,000 in expenditures on the properties. Gold Bullion is also required to make annual payments to Ansil Resources for a period of five years in an aggregate amount of $60,000 for pre-payment of a 3% net smelter return royalty held by Ansil Resources. Gold Bullion retains the right to purchase the 3% NSR royalty by paying $1.5 million to Ansil Resources for each percentage point of the NSR royalty.
The Beaver property consists of a single 20-acre claim; the N part, NW1/4, N1/2 Lot 1, Concession III is located in Coleman Township near the town of Cobalt, roughly 80 kilometres southeast of Gold Bullion's Castle Silver Mine near Gowganda, Ontario.
Beaver Consolidated Mines Ltd. produced 221.7 tonnes silver (7,127,858 ounces) from the Beaver Property between 1907 and 1940. The silver was mined from near-vertical Ag-Co-Ni veins near the upper contact of a shallow Nipissing diabase intrusive. This intrusive crosscuts Archean age sedimentary and volcanic rocks.
Production from the mines adjoining the Beaver Mine directly to the South and West were: Temiskaming Mine, 376.9 tonnes silver (12,118,796 ounces), Brady Lake Mine, 96.4 tonnes silver (3,100,000 ounces), Cobalt Load, 139.8 tonnes silver (4,493,725 ounces) and the Christopher Mine, 127.5 tonnes silver (4,100,000 ounces), also in close proximity to the upper contact area of the same Nipissing diabase intrusive.
Between 1977 and 1989 Agnico Eagle Mines produced 124 tonnes silver (3,986,761 ounces) broken down as follows: 122.96 tonnes silver (3,953,319 ounces) from the Cobalt Lode and Duchess claims south of the Beaver property, 0.929 tonnes silver (29,878 ounces) from the Beaver property and 0.111 tonnes silver (3,564 ounces) from the Brady Lake claims. All production was from the lower contact area of the Nipissing diabase. The properties were accessed from the 1,600 foot (487.68 metre) level of the Beaver Shaft and later from a cross cut driven from the Temiskaming Shaft.
Gold Bullion believes that diamond drilling of the lower contact area of the Beaver property is warranted to test a near flat fault known to exist in the Beaver property. A similar flat fault in the Duchess and Cobalt load appears to have been a controlling feature in the ore mined by Agnico Eagle.
Gold Bullion also announces that it has decided to postpone, for market reasons, the previously-announced initial public offering by Castle Silver Mines Inc., and a secondary offering to the shareholders of Gold Bullion of shares of Castle Silver Mines by way of dividend in kind, as set out in Castle Silver Mines' final prospectus dated November 10, 2011.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Quebec.
For more information on Gold Bullion Development Corp. (TSXV:GBB.V) (OTCPINK:GBBFF), visit our web site: : www.GoldBullionDevelopmentCorp.com
The technical information in this release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., Gold Bullion's CEO and President, who is a member of the Ontario Association of Professional Engineers and a "qualified person" in accordance with National Instrument 43-101.
For further information contact:
Frank J. Basa, P.Eng., President and Chief Executive Officer, Tel: (514) 397-4000
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email info@progressive-ir.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Gold Stocks; Gold Bullion (TSX-V: GBB) Adopts Shareholder Rights Plan

2012-02-07T09:11:00.000-08:00

VANCOUVER - February 7, 2012 (Investorideas.com Mining stocks Newswire) - Gold Bullion Development Corp. (TSXV: GBB, OTC PINK: GBBFF) ("Gold Bullion" or the "Company") is pleased to announce that it has adopted a shareholder rights plan (the "Rights Plan") designed to encourage the fair treatment of its shareholders in the event of an unsolicited take-over bid for shares of the Company. The Rights Plan is designed to give the Company's shareholders sufficient time to properly assess a take-over bid without undue pressure and to give the Company's Board of Directors time to consider alternatives that allow the Company's shareholders to receive full and fair value for their common shares.

Pursuant to the Rights Plan, each holder of record of the outstanding common shares of the Company on February 1, 2012 will be issued one right per common share. The rights will trade with the common shares and be represented by the certificates representing common shares. Although the Rights Plan is effective immediately, it is subject to TSX Venture Exchange approval and must be ratified by the shareholders of the Company within six (6) months of its adoption. The Rights Plan will be submitted to the shareholders of the Company for ratification at the Annual General and Special Meeting of Shareholders to be held April 12, 2012.
A copy of the Rights Plan is posted and available for viewing on http://sedar.com/.
The Rights Plan is similar to shareholder rights plans adopted by numerous other Canadian corporations. Neither the Board nor senior management of the Company is aware of any current, pending or threatened take-over bid for the Company.
About Gold Bullion Development Corp.
Gold Bullion Development Corp. is a TSX Venture-listed junior natural resource company focusing on the exploration and development of its Granada Property near Rouyn-Noranda, Quebec.
For more information on Gold Bullion Development Corp. (TSXV:GBB.V) (OTCPINK:GBBFF), visit our web site: : www.GoldBullionDevelopmentCorp.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
For further information contact:
Frank J. Basa, P.Eng., President and Chief Executive Officer, Tel: (514) 397-4000
Progressive Investor Relations (Canada) Tel (604) 689-2881 or email info@progressive-ir.com

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Mining Stocks; YALE (TSX-V: YLL) DRILLS 10.5 m AVERAGING 1.04 % COPPER AT DOS NACIONES

2012-02-07T08:26:00.000-08:00

VANCOUVER - February 7, 2012 (Investorideas.com Mining stocks Newswire) - Yale Resources Ltd. (TSX-V: YLL, OTCBB: YRLLF, and Frankfurt: YAB) is pleased to report that it has received results for the three holes, drilled on behalf of its optionee Del Toro Silver Corp. (DTOR � OTCBB), at the Dos Naciones property, located in Sonora State, Mexico.
Drilling at Dos Naciones was successful in confirming the presence of multiple outcropping skarn targets. Drilling in the strongly altered and fractured ground proved very difficult and each of the three holes was terminated before reaching the target depth due to technical reasons.
The table below summarizes the results received:
Drill holes D2N-01 and D2N-02 were drilled into and beside, respectively, the La Espanola skarn target, a prominent ridge that is host to numerous historic workings. In addition to the average of 1.04 % copper and 33.3 g/t silver, drill hole D2N-01 intersected an average of 20.7 % iron (using a top cut of 25%) over 10.5 metres from surface. A second zone of mineralization grading 1.5 g/t gold and 88.3 g/t silver over 0.75 m was intersected at a depth of 29.70 m, indicating the potential for additional targets at depth. Drill hole D2N-02 was collared in strongly altered andesitic volcanics with 1 to 3 percent disseminated sulphides but was lost at 12 m before intersecting the target at depth.

Drill hole D2N-03 was drilled into the Dos Naciones Este target, located approximately 2.5 km southwest of drill holes D2N-01 and 02. Hole D2N-03 was collared in an outcrop of skarn and intersected 10.0 m of skarn mineralization averaging 0.76 % copper and 9.3 g/t silver from a depth of 4.5 metres below a zone of very poor recovery.
The size of these targets has yet to be fully tested and as a result Yale is recommending additional drilling at Dos Naciones. Del Toro must spend a total of $800,000 at Dos Naciones prior to July 7, 2013 to earn a 70% interest in the property.
About Yale Resources:
Yale Resources utilizes the project generator business model to maximize its exposure to discovery while minimizing shareholder risk. Yale currently has nine projects in its portfolio of which five are optioned out with commitments totalling approximately $1.3 M in expenditures during the next 12 months. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects.
Ian Foreman, P.Geo, is Yale�s Qualified Person, according to National Instrument 43-101, for the Dos Naciones properties and is responsible for any technical data mentioned in this news release.
Samples from Dos Naciones were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish. Silver, copper, lead and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion. Over limit samples with greater than 1% Cu, Pb and Zn were re-analyzed using ore grade detection limits.
On behalf of the Board,
"Ian Foreman"
Ian Foreman, P.Geo.
President
For additional information on Yale Resources please call the Company at 604-678-2531.
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.
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact:
Yale Resources Ltd.
Ian Foreman
604-678-2531

Junior Gold Stocks Alert; SRC (OTCBB: SELR.OB) Announces New Acquisition: Executes LOI to Acquire Billali Gold and Silver Mine

2012-01-31T08:33:00.000-08:00

CAMERON PARK, Calif. - January 31, 2012 (Investorideas.com Mining stocks newswire) Steele Resources Corporation (the "Company," "SRC") (OTCBB: SELR.OB) announced today that it has executed a Letter of Intent to purchase the privately owned Billali Gold and Silver Mine, a near term production gold and silver mine located in the Steeple Rock district in New Mexico. The district has several historic mines in the area, and from 1880 to 1991 an estimated 151,000 ounces of gold, 1,200,000 pounds of copper, 5,000,000 pounds of lead, and 4,000,000 pounds of zinc was mined from the district.

The Billali Gold and Silver Mine has 28 completed diamond core drill holes and a complete NI 43-101 Technical Report. The technical report, authored by Dr. Jan Rasmussen, a 40 year industry veteran states, "based on the historical drilling� the Billali mine could produce over 219,000 tons of ore averaging 12.8 ounces of silver per ton and 0.244 ounces of gold per ton."
CEO Scott Dockter stated, "SRC is an aggressive, growth oriented company and this gold and silver mine fits SRC's acquisition model perfectly. It is too small for major precious metals companies to consider it, yet offers significant potential gold and silver deposits, and is to a stage where it can be put into production this calendar year depending on financing availability."
The Billali Gold and Silver Mine is adjacent to the Summit Mine (owned by Santa Fe Gold Corp) which reports its "diluted Probable Reserve" is "618,070 tons grading 0.143 ounces of gold per ton and 10.78 ounces of silver per ton." According to the Technical Report, "Three quartz veins carrying silver and gold mineralization run the length of the Billali patented lode mining claim. The same quartz vein that is currently being mined for silver and gold at the adjacent Summit Mine continues into the Billali patented claim. These mineralized quartz structures are the target of the Billali mine plan."
Additional information, including the NI 43-101 Technical Report for the Billali Gold and Silver Mine, can be found at www.steeleresources.com.
About Steele Resources
Steele Resources Corporation is a precious metals exploration and development company that is working to become an active gold producer through the development of the 1800 acre Mineral Hill Gold Project and recently announced its intent to acquire the Billali Gold and Silver Mine in New Mexico.
Safe Harbor Statement
The matters discussed in this release do not comply with various SEC guides and regulations including SEC Guide 7 and contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Steele Resources Corp. believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Steele Resources Corp. cautions investors that any forward-looking statements made by Steele Resources Corp. are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Steele Resources Corp.'s exploration properties, the unproven nature of and potential changes to Steele Resources Corp.'s business model, the risk that the capital and other resources that Steele Resources Corp. will need to exploit its business model will not be available, and the risks discussed in Steele Resources Corp.'s filings with the Securities and Exchange Commission.
Contact:
Join us on Facebook and Twitter (@SteeleResources)
Newsletter signup and website: www.steeleresources.com
Email: info@steeleresources.com
Scott Dockter Phone: 530.672.6225

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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894